Uno Minda Limited · NSE:UNOMINDA
Uno Minda — Q1 FY2023 Earnings Presentation
26 slides from Uno Minda's earnings presentation, Aug 8, 2022
Slide 1: Investor Presentation Q1 FY 2023
TRANSFORMING THE PRESENT, REIMAGINING THE FUTURE. INVESTOR PRESENTATION Q1 FY 2023 August 8, 2022 1
Slide 2: Safe Harbor
SAFE HARBOR This presentation and the accompanying slides (the “Presentation”), has been prepared by Minda Industries Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form
Slide 3: Content
CONTENT 01. Industry Landscape 04 02. Operational Highlights 05 03. Financial Highlights 07 04. Business Review 11 05. EV Portfolio & Capex Update 16 06. Annexures 19 07. Overview: Uno Minda Group 21 3
Slide 4: Industry Highlights
INDUSTRY HIGHLIGHTS Government Initiatives: Improved 2W Demand amidst Automotive Industry Standards Committee stable PV volumes: (AISC) has issued draft standards which Domestic 2Ws volumes picked up during the quarter stipulates a mandatory requirement of as a result of demand pickup owing to festi
Slide 5: Key Operational Highlights for the Quarter
KEY OPERATIONAL HIGHLIGHTS FOR THE QUARTER We are Uno Minda: 60K PV Alloy Wheel Expansion We received approval from Central Government for Plan at Bawal completed changing the name of our flagship company from During the quarter we started commercial operations ‘Minda Industries Limited‘ to ‘Uno Min
Slide 6: Financial Information & Recent Updates
FINANCIAL INFORMATION & RECENT UPDATES 6
Slide 7: Key Financial Highlights for the Quarter
KEY FINANCIAL HIGHLIGHTS FOR THE QUARTER Revenues increased by 59% Y-o-Y to EBIDTA higher by 81% Y-o-Y to Rs 2,555 Cr Rs 266 Cr for the quarter backed by ease in supply side for the quarter constraints EBIDTA margin stood at PAT increased by 8x on Y-o-Y basis to at 10.4% Rs 139 Cr for the quarter 7
Slide 8: Consolidated Financial Highlights – Q1FY23
CONSOLIDATED FINANCIAL HIGHLIGHTS – Q1FY23 Revenue (Rs. Cr) EBITDA (Rs. Cr) 266 100 77% 147 17 59% 2,555 90 1,603 159 19 44 Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 MIL Revenue PBT Interest Depreciation PAT^ (Rs. Cr) Margin (%) 10.4% 9.2% 139 15 1.0% 5.4% Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 MIL Consol EBITDA PAT
Slide 9: Revenue Bridge – Q1 FY23
REVENUE BRIDGE – Q1 FY23 Rs. Crs 9
Slide 10: Division-wise Revenue Mix
DIVISION-WISE REVENUE MIX Q1 FY22 (%) Q1 FY23 (%) Others Others 13% 13% Switches 28% Switches Seatings 29% 10% Seatings 12% Castings 19% Castings 14% Lighting Acoustics Lighting Acoustics 22% 7% 23% 10% 10
Slide 11: Business Review
BUSINESS REVIEW SWITCHES LIGHTING ACOUSTICS SEGMENTS SEATING CASTINGS OTHERS AFTER MARKET
Slide 12: Business Review: Switches, Lighting, Castings
BUSINESS REVIEW Product Segment Revenue Growth ( Figures in Rs Crores) Business Developments 31% 30% 29% 29% • Increasing Kit value with increase number of switches in vehicles 654 727 730 29% 638 • Export led growth continues 464 Switches Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 23% 22% 22% 22% • Wo
Slide 13: Business Review: Acoustic, Seating, Others
BUSINESS REVIEW Product Segment Revenue Growth ( Figures in Rs Crores) Business Developments 10% 8% 7% 7% 7% • India business remains stable 192 • European subsidiary Clarton Horn remained under pressure 157 157 151 172 along with unprecedented increase in energy cost. Acoustic Q1 FY22 Q2 FY22 Q3 FY
Slide 14: Revenue Breakups
REVENUE BREAKUPS Aftermarket International 9% 17% 2W 45% 4W 55% India 83% OEM 91% Geography-wise Breakup Channel-wise Breakup Segment -wise Breakup 14
Slide 15: Aftermarket - Expanding B2C Business
AFTERMARKET- EXPANDING B2C BUSINESS 6,500+ SKUs Key Highlights Switches, Horns, Lightings, Batteries, Filter, Indicator, Bulbs, RVMs, Braking, Shocks & • Revenue of Rs 223 Crs during the quarter despite the cyclically low quarter of the year struts and Accessories • Leadership position in major prod
Slide 16: Uno Minda's EV Product Portfolio (2W & 3W)
UNO MINDA’s EV PRODUCT PORTFOLIO (2W & 3W) Low Voltage EV Products (48V to 96V) Motor Controller Products under Production and supply Smart Plug Battery Management System (BMS) Battery Management On Board Charger System Off Board Charger RCD Cable On-Board Charger Body Control Module Smart Plug DC-D
Slide 17: Potential EV Kit Value (2W & 3W)
POTENTIAL EV KIT VALUE (2W & 3W) Values in INR INR Crs EV Order Wins FY22 Q1FY23 EV Specific Components 89 430 Engine Agnostic Components 424 40 Total 513 470 Order Book Mix Customer E Customer A 18% 21% Customer B 6% Others 6% Customer D Product 38% Customer C Positive Under under 11% Engine Impact
Slide 18: Capital Expansion Update
Capital Expansion Update Product Line Entity Total Cost Location Capacity Expected Update (In Crs) SOB 4W Alloy Wheels Minda Kosei 60 Bawal 25k LPDC Wheels p.m. Q4 FY22 Business Commenced Aluminum Wheels 4W Lighting Uno Minda Ltd 90 Ahmedabad New Lighting facility Q4 FY22 Business Commenced 4W Alloy
Slide 19: Annexures
ANNEXURES 19
Slide 20: Consolidated Profit & Loss Statement
CONSOLIDATED PROFIT & LOSS STATEMENT Rs. Crs Particulars (Rs. Crores) Q1 FY23 Q1 FY22 Y-o-Y% Q4 FY22 QoQ% FY22 Revenue from Operations (Net of Excise) 2,555.2 1,602.6 59% 2,415.1 6% 8,313.0 Raw Material 1,656.2 982.0 1,547.5 5,272.0 Employee Cost 341.0 276.2 332.5 1,206.5 Other Expenses 292.2 197.7
Slide 21: About Uno Minda
ABOUT UNO MINDA TRANSFORMING THE PRESENT, REIMAGINING THE FUTURE.
Slide 22: About Uno Minda
ABOUT UNO MINDA • Minda Industries Limited is one of the leading manufacturers of auto components domestically with leadership across key product segments. With 20+ Product Lines, 1000+ Business Partners and over 23,000 employees, covering 50,000+ touch points, the company has 6 decades of experienc
Slide 23: Global & Domestic Presence - Uno Minda
GLOBAL & DOMESTIC PRESENCE - UNO MINDA Strategically located plants across all major auto hubs Overseas 6 Plants 7 Sales Offices 4 Design Centers North and South America Europe Asia (w/o India) Mexico France Indonesia (Queretaro) (Epernon) (Karawang) India Colombia Italy Taiwan (Turin) (Tainan) (Man
Slide 24: Kit Value - Uno Minda
Kit Value - UNO MINDA Kit Value – 2 Wheelers 13,952 14,261 12,336 12,003 9,675 9,585 9,231 8,457 8,243 7,110 6,966 6,978 7,181 6,261 5,209 5,266 4,085 4,517 3,357 3,611 Economy Executive Premium Scooter Moped 2019 2020 2021 2022 Kit Value – 4 Wheelers 1,46,416 1,40,788 1,20,788 80,509 63,102 65,323
Slide 25: Environment, Social and Governance (ESG) Initiatives
Environment, Social and Governance (ESG) Initiatives Environmental Social Corporate Governance • Group has taken various initiatives which are expected • Vision to enable and empower every member of the • Mission to continually enhance the stakeholders’ value to have environmental benefits and reduc
Slide 26: Thank You
THANK YOU. Corporate Office For further information, please contact Uno Minda Ltd Company Investor Relations Advisors Village Nawada Fatehpur, P.O. Uno Minda Ltd. Strategic Growth Advisors Pvt. Ltd. Sikanderpur Badda, Manesar, Gurgaon – 122004, India. Mr. Ankur Modi Mr. Jigar Kavaiya Head Treasury a