Amara Raja Energy & Mobility Ltd · NSE:ARE&M
Amara Raja Energy & Mobility — Q4 FY2024 Earnings Presentation
28 slides from Amara Raja Energy & Mobility's earnings presentation, May 30, 2024
Slide 1: Regulation 30 intimation of Investor Presentation
May 30, 2024 National Stock Exchange of India Limited BSE Limited Listing Compliance Department Corporate Relations Department “Exchange Plaza” Phiroze Jeejeebhoy Towers Bandra – Kurla Complex Dalal Street, Fort Bandra East, Mumbai – 400 051 Mumbai – 400 001 NSE Symbol: ARE&M BSE SCRIP CODE: 500008
Slide 2: Earnings Presentation Q4-FY24 / FY24
EARNINGS P R E S E N TAT I O N Q4-FY24 / FY24
Slide 3: Snapshot
S N A P S H OT BUSINESS OPERATIONS FINANCIALS Market Cap (Mn) ~ INR 120 4 decades of experience 7 Manufacturing Facilities Bn+ ~50 Million units annualized Leading Automotive Battery Marginal debt in the Capacity for Automotive Brand books batteries Market Leader in Telecom and Data 2.3 Billion AH -
Slide 4: Company Overview
C O M PA N Y O V E R V I E W CONSOLIDATED INCOME (INR Mn) & EBITDA MARGINS(%) • Amara Raja Energy & Mobility Limited, (ARE&M), the flagship company of 1,40,000 13.78% 14.17% 16.00% the Amara Raja Group, is one of the largest manufacturers of lead-acid 11.77% 14.00% 1,20,000 Batteries in India. 12.00
Slide 5: Operations at a Glance
O P E R AT I O N S AT A G L A N C E LEAD ACID BATTERIES AUTOMOTIVE | INDUSTRIALS • Li Cell and Pack Manufacturing AUTOMOTIVE FY24 Revenue Breakup (%) • EV Charging Products • Applications – 2W, 3W, 4W & CV’s Others • Energy Storage Solutions • Largest Exporter of 4W Batteries 4% • Developed India’s
Slide 6: Manufacturing & Distribution
M A N U FA C T U R I N G & D I S T R I B U T I O N DISTRIBUTION POINTS Plastic division plant of Mangal Industries JAM ZRK HAR RUD GUR DEL GZB JAI LKN SIL GAU VAR PAT AMD MAND RAN IND JAB JMD KOL PITH Plastic division of Mangal RAI NAG BHU integration complete BWD NSK AUR PUNE • Effective from April
Slide 7: Marquee OEM Clientele
MARQUEE OEM CLIENTELE AUTOMOTIVE INDUSTRIAL PASSENGER VEHICLE OEM COMMERCIAL VEHICLE/TRACTOR TWO-WHEELER OEM CLIENTS INDUSTRIAL OEM CLIENTS CLIENTS OEM CLIENTS EicherLogo 6
Slide 8: New Energy Business: The Future Growth Engine
NEW ENERGY BUSINESS : THE FUTURE GROWTH ENGINE Li Cell and pack ARE&M’S Manufacturing • India’s electrification demand expected to be 150GWh FORAY IN by 2030 150 GWH • Adoption across user segments like Mobility Telecom NEW EV Charging ENERGY and Data Centres Solutions SOLUTIONS • Significant market
Slide 9: Operational Highlights (LAB) – Q4-FY24/FY24
O P E R AT I O N A L H I G H L I G H T S ( L A B ) – Q 4 - F Y 2 4 / F Y 2 4 Plastic Division Integration • Scheme of arrangement among ARE&M and Mangal approved by NCLT vide its order dated Jan 10, 2024. • Scheme is effective from April 01, 2022 and the numbers are accordingly restated Automotive •
Slide 10: Portfolio Enrichment with New Product Launches
P O RT F O L I O E N R I C H M E N T W I T H N E W P R O D U C T L A U N C H E S Amaron Jade ELITO Amaron Hi-life Lubes ELITO is a battery brand developed Diversification into allied applications AGM Product launched for to cater to automotive, overseas markets 2W/motorcycle applications • Product d
Slide 11: Facilitating Channel Partners and Customers
FA C I L I TAT I N G C H A N N E L PA R T N E R S A N D C U S TO M E R S Products distributed through PAN India Sales & service Digital initiatives to enhance the experience for esteemed retail network partners and customers Increasing the presence through Amaron franchise network across India Go Pa
Slide 12: Reaching Out to International Markets - Automotive
R E A C H I N G O U T T O I N T E R N AT I O N A L M A R K E T S - A U T O M O T I V E Enhancing brand image and strengthening global supply chain through multiple initiatives such as Distributors Meet, Banding Initiatives and Expo Participation in international markets. A1 dealer/ distributor meet
Slide 13: Penetrating Deeper into the Industrial Segment
P E N E T R AT I N G D E E P E R I N TO T H E I N D U S T R I A L S E G M E N T Recognition for enhanced customer services Engaging with channel partners Best partner award from Indus circles for unparalleled services & quality product Conducted UPS batteries Channel Partner Meet at Prague in Sep’24
Slide 14: Operational Highlights (NEB) – Q4-FY24/FY24
O P E R AT I O N A L H I G H L I G H T S ( N E B ) – Q 4 - F Y 2 4 / F Y 2 4 Business growth New Energy Business clocked 110% growth over the previous year, further cementing our leadership position with our customers Batteries account for ~80% of revenue during FY24 and remaining is attributable to
Slide 15: Capex Projects on Track
CAPEX PROJECTS ON TRACK…. Lead Acid Batter y New Energy Business Battery Recycling Plant at Cheyyar – TN Tubular Battery Plant at ARGC – Chittoor Pack Giga Plant at Divitipally, Hyderabad • 1.5 Lac MTPA State-of-the-art • 1 Mn+ Battery/ Annum Advanced • Pack- 2 W line installed Advanced Green field
Slide 16: Awards and Accolades
AWA R D S A N D A CC O L A D E S Received JIPM TPM Awards- Excellence in Consistent TPM Commitment award for Automotive Plants Overall Excellence Award from Mahindra & Mahindra AREML has won the “ Best Overall Sustainable performance for 2023” at the India Sustainability Conclave and Awards on 2nd N
Slide 17: Financial Highlights
aN ())) AMARA RAJA FINANCIAL HIGHLIGHTS
Slide 18: Key Financial Highlights
KEY FINANCIAL HIGHLIGHTS In INR MN Q4 FY24- Financial Performance FY24- Financial Performance Q4-FY24 -CONSOLIDATED FY24 - CONSOLIDATED REVENUE EBITDA EBITDA % REVENUE EBITDA EBITDA % 29,079 4,104 14.1% 1,17,084 16,585 14.2 % EPS PAT PAT % EPS PAT PAT MARGINS INR 12.55 2,298 7.9 % INR 51.05 9,344 8.
Slide 19: Q4/FY24 Segment Highlights - Consolidated
Q 4 / F Y 2 4 S E G M E N T H I G H L I G H T S - C O N S O L I D AT E D Q4 FY24 LEAD ACID BATT. REVENUES (INR Mn) OTHER BUSINESS REVENUES (INR Mn) 1,478 28,968 27,915 1,164 23,449 884 GEOGRAPHICAL REVENUE SPLIT (INR Mn) 87%, 88%, 1,02,367 91,588 Q4 FY23 Q3 FY24 Q4 FY24 Q4 FY23 Q3 FY24 Q4 FY24 12%,
Slide 20: Quarterly Consolidated Financial Performance
Q U A RT E R LY C O N S O L I D AT E D F I N A N C I A L P E R F O R M A N C E PARTICULARS (INR Mn) Q4-FY24 Q4-FY23* Y-O-Y Q3-FY24* Q-O-Q Operational Revenue 29,079 24,332 19.5% 30,446 (4.5)% Total Expenses 24,975 20,799 20.1% 25,890 (3.5)% EBITDA 4,104 3,533 16.2% 4,556 (9.9)% EBITDA Margins (%) 14
Slide 21: YTD Consolidated Financial Performance
Y T D C O N S O L I D AT E D F I N A N C I A L P E R F O R M A N C E PARTICULARS (INR Mn) FY24 FY23 Y-O-Y Operational Revenue 1,17,084 1,03,920 12.7% Total Expenses 1,00,499 89,600 12.2% EBITDA 16,585 14,320 15.8% EBITDA Margins (%) 14.2% 13.8% 40 Bps Other Income 1,104 924 19.5% Depreciation 4,843
Slide 22: Historical Consolidated Income Statement
H I S TO R I C A L C O N S O L I D AT E D I N C O M E S TAT E M E N T PARTICULARS (INR Mn) FY22 FY23 FY24 Operational Revenue 86,971 1,03,920 1,17,084 Total Expenses 76,732 89,600 1,00,499 EBITDA 10,239 14,320 16,585 EBITDA Margins (%) 11.77% 13.8% 14.2% Other Income 780 924 1,104 Depreciation 3,957
Slide 23: Consolidated Balance Sheet
C O N S O L I DAT E D B A L A N C E S H E E T PARTICULARS (INR Mn) FY22 FY23 FY24 PARTICULARS (INR Mn) FY22 FY23 FY24 Assets Equity And Liabilities (1) Non-Current Assets (1) Equity 45,525 60,070 67,987 (A) Property, Plant And Equipment 21,276 28,555 29,095 (A) Equity Share Capital 171 171 183 (B) R
Slide 24: Consolidated Financial Charts
C O N S O L I D AT E D F I N A N C I A L C H A RT S REVENUES (INR Mn) EBITDA (INR Mn) & EBITDA MARGINS PAT (INR Mn) & PAT MARGINS (%) (%) 7.98% 10,000 9.00% 1,17,084 9,000 7.03% 14.17% 8.00% 1,03,920 18,000 13.78% 16.00% 5.89% 8,000 7.00% 11.77% 16,000 14.00% 7,000 86,972 6.00% 14,000 12.00% 6,000 5
Slide 25: Standalone Financial Charts
S TA N D A LO N E F I N A N C I A L C H A RT S REVENUES (INR Mn) EBITDA (INR Mn) & EBITDA MARGINS PAT (INR Mn) & PAT MARGINS (%) 1,12,603 (%) 10,000 8.04% 9.00% 1,03,897 7.03% 14.40% 9,000 13.81% 8.00% 18,000 16.00% 86,958 5.88% 8,000 11.76% 7.00% 16,000 14.00% 7,000 6.00% 14,000 12.00% 6,000 12,000
Slide 26: Capital Market Data
C A P I TA L M A R K E T DATA NSE: ARE&M | BSE: 500008 | Bloomberg: AMRJ:IN | Reuters: AMAR.NS / AMAR.BO 60% 1 YEAR STOCK PERFORMANCE 50% 40% 30% 20% 10% 0% -10% Apr-23 May-23 Jun-23 Jul-23 Aug-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Amara Sensex PRICE DATA (AS ON 31ST MARCH, 2024
Slide 27: Disclaimer
DISCLAIMER This presentation by Amara Raja Energy and Mobility Limited (including its subsidiaries) is general background information about the Company’s activities at the date of this presentation. Said information is provided in summary form only and does not purport to be complete, does not conta
Slide 28: Thank You
aN ())) AMARA RAJA THANK YOU
Amara Raja Energy & Mobility — Q4 FY2024 Earnings Presentation on 6ix