Sona Blw Precision Forgings Ltd. · NSE:SONACOMS
Sona Blw Precision Forgings — Q4 FY2025 Earnings Presentation
38 slides from Sona Blw Precision Forgings's earnings presentation, Apr 30, 2025
Slide 1: Q4 & FY25 Earnings Presentation
Q4 & FY25 Earnings Presentation 30 April 2025
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Sona BLW Precision Forgings Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for a
Slide 3: Our Management
Our Management Mr. V. Vikram Verma Mr. Sat Mohan Gupta CEO, Driveline Business CEO, Motor Business Mr. Praveen Mr. Rohit Nanda Chakrapani Rao Group CFO Group CTO Mr. Vivek Vikram Singh Mr. Amit Mishra MD & Group CEO Head, Investor Relations 3
Slide 4: Business Performance Highlights
Business Performance Highlights Complete Drivetrain of an Electric Vehicle
Slide 5: Q4 FY25 Financial Performance Highlights
Q4 FY25 Financial Performance Highlights 8,684 mn | -2% 2,350 mn | -5% 1,641 mn | 10% Revenue | YoY Growth EBITDA | YoY Growth PAT1 | YoY Growth 27.1% EBITDA Margin 18.8% PAT Margin2 2,944 mn | 8% 35% BEV Revenue | YoY Growth Q4 FY25 Product Revenue Share from BEV Notes: 1. PAT includes an impact of
Slide 6: FY25 Financial Performance Highlights
FY25 Financial Performance Highlights 35,545 mn | 12% 9,753 mn | 8% 6,012 mn | 16% Revenue | YoY Growth EBITDA | YoY Growth PAT1 | YoY Growth 27.4% EBITDA Margin 16.9% PAT Margin2 18.4% 17.7% RoCE2 RoE3 Notes: 1. PAT includes an impact of ₹144 million in exceptional expenses related to potential acq
Slide 7: Update on our Strategic Priorities
Update on our Strategic Priorities Tool and Die Shop in our Gurgaon Plant
Slide 8: Update on our Strategic Priorities
Update on our Strategic Priorities Electrification Global Market Diversification Technology Significance 8
Slide 9: Electrification is an inevitable trend led by tech innovations
We believe electrification is an inevitable trend lead by tech innovations addressing major consumer concerns EVs with ultra-fast charging technology Innovation in battery chemistry and Price parity between EVs and ICE can be charged faster, as fast as 5 economies of scale in manufacturing vehicles
Slide 10: Sizeable and Increasing Presence in EVs
Sizeable and Increasing Presence in EVs 3.9x 6.0x 1.4x 1.1x 36% 29% 12,235 25% 26% 54 58 8,859 42 14% 6,707 5,042 30 2,057 15 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Revenue Share from BEV BEV segment revenue Cumulative No. of EV Programs awarded 57 58 +1 (15+14+28
Slide 11: Another program secured; new product Steering Bevel Box commercialized
We have secured another program from a high-end new age EV OEM and commercialized a new product - Steering Bevel Box Rotor Embedded Differential Sub-Assembly Steering Bevel Box and Epicyclic Geartrain For Electric Passenger Vehicles For Commercial Vehicles Existing Customer Existing Customer North A
Slide 12: Our Strategic Priorities
Our Strategic Priorities Electrification Global Market Diversification Technology Significance 12
Slide 13: Orders worth ₹47 billion added to orderbook during FY25
Orders worth ₹47 billion were added to our orderbook during FY25 Net Orderbook (Rs. Billion) 226 47 242 32 Programs won in FY25 55 47 (31) 7 New customers added in FY25 CY231 CY241 179 187 8.1% 8.8% Global Market Share of Differential Gears CY232 CY242 4.2% 4.4% Global Market Share of At the end Ord
Slide 14: Net order book stands at ₹242 billion
Our net order book1 stands at ₹242 billion (6.8x FY25 revenue) 232 bn 7 bn Orders consumed from 17 bn 242 bn Orderbook at the end of Orders added for Orderbook at the end of matured and ramp-up Q3 FY25 programs won in Q4 FY25 Q4 FY25 programs during Q4 FY25 Non-EV: EV: ₹187 billion (77%) ₹55 billion
Slide 15: Our Strategic Priorities
Our Strategic Priorities Electrification Global Market Diversification Technology Significance 15
Slide 16: Diversified Product Revenue Mix – By Powertrain
Diversified Product Revenue Mix – By Powertrain Battery EV increasing as 36% of our revenue continues to be our dominant and secular theme Our pure ICE dependence continues to reduce steadily going from 18% in FY22 to 9% in FY25 FY22 FY23 FY24 FY25 25% 26% 29% 36% 26% 21% 24% 21% 31% 38% 37% 34% 18%
Slide 17: Diversified Revenue Mix
Diversified Revenue Mix By Geography By Product By Market segment 5% 1% 3% 5% 1% 1% FY24 FY25 24% PV 10% 26% 40% 70% 71% FY24 FY24 CV 14% 11% 32% 24% 28% E2W/E3W 2% 0.4% 6% 0.3% 8% 5% 8% 3% 41% 27% 24% 9% Non-Automotive FY25 FY25 10% 9% Semiconductors 29% 21% & Embedded SW 29% 1.0% 1.3% 17
Slide 18: Our Strategic Priorities
Our Strategic Priorities Electrification Global Market Diversification Technology Significance 18
Slide 19: Our Technology Roadmap for E.P.I.C. Mobility
Our Technology Roadmap for E.P.I.C. Mobility Harnessing capabilities to continue our journey from components to subsystems to systems in all areas of EPIC mobility Mechanical | Materials | Electrical | Electronics | Software Auto HV eVTOL Steering Differential Auto LV Traction Starter Bevel Box Gear
Slide 20: Preparing to enter the Humanoid Robot market
We are preparing to enter the Humanoid Robot market, which is expected to reach 10 million units by 2035 Components Qty % of BOM Cost Frameless Torque & Coreless Motors 40-42 20-29% 53-60% of the total BOM Planetary Roller Screws 10-26 20-23% Cost of $35-50k of Humanoid Robots, we can target with ou
Slide 21: Q4 & FY25 Financial Update
Q4 & FY25 Financial Update Cross Sectional View of Hub Type EV Traction Motor
Slide 22: Q4 FY25 Financials
Q4 FY25 Financials Revenue (Rs. mn)1 EBITDA (Rs. mn) EBITDA Margin (%) PAT (Rs. mn) PAT Margin (%)2 BEV YoY: -5% YoY: -6% YoY: -2% YoY: 10% YoY: 10% 8,853 8,684 2,562 2,481 2,350 2,399 1,698 1,641 1,547 1,487 28.0% 27.1% 28.9% 27.6% 16.7% 18.8% 17.4% 19.5% 2,727 2,944 Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25
Slide 23: FY25 Financials
FY25 Financials Revenue (Rs. mn)1 EBITDA (Rs. mn) EBITDA Margin (%) PAT (Rs. mn) PAT Margin (%)2 BEV YoY: 12% YoY: 8% YoY: 9% 35,545 YoY: 16% YoY: 19% 31,848 9,753 10,029 9,021 9,168 6,012 6,364 5,173 5,348 28.3% 27.4% 28.8% 28.2% 8,859 12,235 16.9% 16.8% 17.9% 16.3% FY24 FY25 FY24 FY25 FY24 FY25 FY
Slide 24: FCFO of INR 3,597 mn in FY25
FCFO of INR 3,597 mn in FY25 Numbers in Rs. mn 23,695 26,725 (3,625) Free Cash Flow from Operations: INR 3,597 mn 7,752 3,058 (4,155) Opening Cash, FDs Net Cash Flow Capex QIP Net Proceeds Others Cash Closing Cash, FDs & Mutual Funds as on from Operations Movements & Mutual Funds as on 1st April 202
Slide 25: Key Ratios
Key Ratios VA/Employee cost RoCE (%) RoE (%) 6.4 6.2 5.8 5.2 5.7 36.1% 34.6% 36.3% 32.4% 30.4% 31.0% 26.6% 28.5% 18.4% 17.7% Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Net Debt to EBITDA Working Capital Turnover Fixed Asset Turnover 5.0 5
Slide 26: Q&A
Q&A
Slide 27: Appendix
Appendix Our Stall at Bharat Mobility Global Expo 2024
Slide 28: Our story so far…
Our story so far… Phase - 1 Phase - 2 Phase - 3 Phase - 4 • 18 Customers • 22 Customers • Acquisition of Comstar • Became publicly listed • 2 Plants • 2 Plants • 47 Customers (37+10) • 78 customers • 1 Product • 2 Products • 9 Plants (5+4) • 11 plants • 10 Products (5+5) • 22 products Revenue in INR
Slide 29: One Vision
One Vision To become one of the World’s most Respected and Valuable Mobility Technology companies for our Customers, Employees & Shareholders. 29
Slide 30: Guided by Values
Guided by Values 24% Agility Growth 5-year Revenue CAGR 27% Vitality Margins Integrity 5-year Avg. EBITDA >25% Returns Frugality 5-year Avg. ROE1 Note: 30 1) ROE = 5-year average of PAT/5-year average of (Average tangible net worth + capital deployed for acquiring NOVELIC)
Slide 31: Established Global Presence to Serve Customers Locally
Established Global Presence to Serve Customers Locally USA Location Capacity2 Germany China Location Capacity2 Tecumseh, MI 1 mn starter motors Belgium Cologne 0.06 mn suspension Hangzhou Ypsilanti, MI motors Genk 7 of the world’s top 10 PV OEMs1a Serbia Belgrade 3 of the world’s top 10 CV OEMs1b No
Slide 32: Revenue share from BEV has grown 18x over 5 years
Revenue share from BEV has grown 18x over 5 years, with absolute BEV revenue growth at 52x Revenue from BEV (%) BEV Segment Revenue (Rs. mn) 18x 52x 12,235 29% 36% 8,859 25% 26% 6,707 5,042 14% 2% 2,057 234 FY20 FY21 FY22 FY23 FY24 FY25 FY20 FY21 FY22 FY23 FY24 FY25 32
Slide 33: 58 EV programs across 32 different customers
58 EV programs across 321 different customers No. of North America Europe2 Asia programs customers 7 Customers 4 Customers 6 Customers 5 14 3 3 2 4 29 10 3 3 8 8 19 5 1 3 2 1 19 6 3 3 13 10 1 1 1 1 - - +1 6 27 India Programs in fully ramped-up production 18 Customers Programs in ramp-up or not yet i
Slide 34: Market Shares for Differential Gears and Starter Motors
Market Shares for Differential Gears and Starter Motors Global Market Share CY19 4.5% CY20 5.0% CY21 6.3% CY22 7.2% CY23 8.1% CY24 8.8% of Differential Gears1 Global Market Share of Starter Motors1 CY19 2.5% CY20 3.0% CY21 4.6% CY22 4.1% CY23 4.2% CY24 4.4% Passenger Vehicles Commercial Vehicles Tra
Slide 35: Product Summary
Product Summary Passenger Vehicles 10 Electronically Locking Spool Gears Differential (EDL) 9 13 12 Short Range Radar 15 8 In-Cabin Radar Sensors* 7 Sensors 11 15 Epicyclic 6 1 Geartrain Limited Slip 4 5 2 Differential (LSD)* 3 Intermediate Gears Commercial Vehicles Steering Bevel Box Integrated Mot
Slide 36: Product Summary
Product Summary Off Highway Vehicles Buses 6 Differential Bevel Gears Spiral Bevel Gears 5 In-Cabin Radar Sensors 3 7 8 4 1 4 2 1 3 Portal Axle Gears 2 5 7 Traction Motor Short Range Radar Sensors* Controller Light Commercial Vehicles /3-Wheeler (Cargo) Controller* Steering 360° Short Bevel Box Rang
Slide 37: Product Summary
Product Summary Non-Automotive Electric 2-Wheelers 1 2 Hub Wheel Motor Integrated Drive Motor 5 Industrial Robot & Controller Gearbox* 1 3 AGV/AMR 4 2 Drive Unit* 6 3 4 Integrated Hub Motor & Controller* Zone Monitoring Sensors Drive Motor Short Range 4 Electric 3-Wheelers Radar Sensors* 360° Short
Slide 38: ESG Performance Highlights
ESG Performance Highlights 14.3 Low Risk Top 9% We have published our third sustainability report in Negligible Low Medium High Severe Out of 15,104 December 2024 0-10 10-20 20-30 30-40 40+ global companies1 ESG Risk Rating (Core) Click on the image to read the report • 10% and 15% improvement in em
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