Slide 1: Exchange filing cover letter
11]1C•)(MINDA) Uno Minda Limited (Formerly known as Minda Industries Ltd.) --.:,;:;tlVING THE NEW-- Ref. No. Z-IV/R-39/D-2/NSE/207 & 174 Date : 07/02/2024 National Stock Exchange of India Ltd. BSE Ltd. Listing Deptt., Exchange Plaza, Regd. Office: Floor - 25, Bandra Kurla Complex, Bandra (E), Phiroz
Slide 2: Investor Presentation Q3 FY'24
INVESTOR PRESENTATION Q3 FY’24 Feb 7, 2024 1
Slide 3: Safe Harbor
SAFE HARBOR This presentation and the accompanying slides (the “Presentation”), has been prepared by Uno Minda 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 the ba
Slide 4: Content
CONTENT 01. Industry Highlights 04 02. Operational Highlights 05 03. Financial Highlights 06 04. Business Review 11 05. Strategic Business Update 18 06. Annexures 21 07. Overview: Uno Minda Group 24 3
Slide 5: Industry Highlights for Q3FY24
INDUSTRY HIGHLIGHTS FOR Q3FY24 PLI Scheme Extended by 1 year Auto Industry growth momentum Govt extends tenure of automobile, component PLI continues with 16% YoY growth scheme by 1 year. Five year to start from FY24 and PV segment registering 5% YoY growth during the ending in FY28 quarter with SUV
Slide 6: Key Operational Highlights for Q3FY24
KEY OPERATIONAL HIGHLIGHTS FOR Q3FY24 Commissioning of enhanced Orders Wins for EV Motor from E- capacity of 2.0 Mn in 2w Alloy 2W OEM Wheel Received new orders having annual peak revenue of around Rs 250 Crores from EV OEMs.. Commissioned third line in Dec-23. All three lines aggregating to additio
Slide 7: Financial Information & Recent Updates
FINANCIAL INFORMATION & RECENT UPDATES 6
Slide 8: Key Financial Highlights for the Quarter
KEY FINANCIAL HIGHLIGHTS FOR THE QUARTER Group Revenues (Including JVs and Consolidated Revenues increased by Associates) (Unaudited) higher by 24% 21% Y-o-Y to Y-o-Y Rs 4,415 Cr Rs 3,523 Cr for the quarter for the quarter EBITDA higher by 12% Y-o-Y to EBITDA margin at Rs 380 Cr at 10.8% for the qua
Slide 9: Consolidated Financial Highlights – Q3 FY24
CONSOLIDATED FINANCIAL HIGHLIGHTS – Q3 FY24 Revenue (Rs. Cr) EBITDA (Rs. Cr) 338 380 21% 12% 133 115 3,523 29 2,915 13 215 226 Q3 FY23 Q3 FY24 Q3 FY23 Q3 FY24 UML Revenue PBT Interest Depreciation PAT* (Rs. Cr) Margin (%) 11.6% 10.8% 19% 5.1% 162 193 4.6% Q3 FY23 Q3 FY24 Q3 FY23 Q3 FY24 UML Consol E
Slide 10: Revenue Bridge – Q3 FY24
REVENUE BRIDGE – Q3 FY24 Rs. Cr 9
Slide 11: Division-wise Revenue Mix
DIVISION-WISE REVENUE MIX Q3 FY23 (%) Q3 FY24 (%) Others Others 16% Switches 15% 26% Switches 28% Acoustics Acoustics 6% 6% Seatings 8% Seatings 9% Casting 20% Lighting Lighting Casting 22% 24% 20% 10
Slide 12: Business Review
BUSINESS REVIEW SWITCHES LIGHTING ACOUSTICS SEGMENTS SEATING CASTINGS OTHERS AFTER MARKET 11
Slide 13: Business Review: Switches, Lighting, Castings
BUSINESS REVIEW Product Segment Revenue Growth ( Figures in Rs. Cr) Key updates 28% 29% 27% 26% 26% • Export of 2W switch continues to grow 815 835 839 933 928 • Phase 1 of our greenfield project in Farrukhnagar (Gurugram) is expected to be completed in Q1 FY25 Switches Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q
Slide 14: Business Review: Acoustic, Seating, Others
BUSINESS REVIEW Product Segment Revenue Growth ( Figures in Rs. Cr) Key updates 6% 7% 7% 6% 6% 187 193 208 210 202 • Volumes at Clarton remain lower due to lower industry volumes. Acoustic Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 9% 9% 9% 8% 8% • Started Supplies to New age EV OEM 263 263 273 289 274 • Ne
Slide 15: Revenue Breakups Q3 FY24
REVENUE BREAKUPS Q3 FY24 OR CV 3W 2% International Aftermarket 5% 1% 14% 8% 4W 49% 2W 43% India OEM 86% 92% Geography-wise Breakup Channel-wise Breakup Segment -wise Breakup 14
Slide 16: Aftermarket – Expanding B2C Business
AFTERMARKET- EXPANDING B2C BUSINESS 6,500+ SKUs Key Highlights Switches, Horns, Lightings, Batteries, Filter, Indicator, Bulbs, RVMs, Braking, • Revenue of Rs. 273 Cr during the quarter Shocks & struts and Accessories • Leadership position in major products categories • Strong brand recall with loya
Slide 17: Uno Minda's EV Product Portfolio (2W & 3W)
UNO MINDA’s EV PRODUCT PORTFOLIO (2W & 3W) Low Voltage EV Products (48V to 96V) Products under Production and Motor Controller supply Smart Plug Battery Management System Battery (BMS) Management System On Board Charger Off Board Charger On-Board RCD Cable Charger Body Control Module Smart Plug DC-D
Slide 18: EV Sales, Order and Potential Kit Value
EV Sales, Order and Potential Kit Value Sales to 2W Electric Vehicles Rs Crores Potential Kit Value (in INR) 164 143 35,300 136 78 27,300 67 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Peak Annual Order Value from EV OEM in Rs Crores* 8,000 Particulars 2W/3W PV/CV Total EV Specific Components 1,655 263 1,918
Slide 19: Strategic Business Update
Strategic Business Update • Minda Kosei Aluminum Pvt Ltd, KMA and KMM Merger with Uno Minda Ltd: o Board approved the amalgamation scheme of all the 3 entities MKA, KMA & KMM with Uno Minda. o NOC from Stock exchanges on 18th October 2023. o NCLT hearing dated 12.01.2024 NCLT has reserved the Order
Slide 20: Capital Expansion Update
Capital Expansion Update Total Cost (In Expected Sr Product Line Entity Location Capacity Update Crs) SOP Q2 FY26 Project announced 1 4W Alloy Wheels Uno Minda Ltd 542 Yet to be finalised 120k Wheel p.m. Phase 1 To be spend over 5 years Minda Kosei Land Acquisition Delays 2 4W Alloy Wheels 190 Bawal
Slide 21: Recent Recognitions
Recent Recognitions Leader in Technology Leader in Social responsibility Leader in Entrepreneurship Uno Minda Recognized as CII Dr. Suman Minda, Chairperson Top 50 Innovative Company for of Uno Minda's CSR Wing, second consecutive year awarded Golden Peacock Award for 2023 Hurun India Social Leaders
Slide 22: Annexures
z ANNEXU. de Internal — DRIVING THE ~ ae bd | —" 4 =| Psi, g os a = a 4 BES EBeBOOoo eres qeeaecopc __s if — sekoooo " j 507 8 > = % - . xs JH, — BH * " A 4 Eee he 4 356.0 5 5) rt took iT he "
Slide 23: Consolidated Profit & Loss Statement
CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (Rs. Cr) Q3 FY24 Q2 FY24 QoQ% Q3 FY23 YoY% 9M FY24 9M FY23 YoY% Revenue from Operations 3,523 3,621 -3% 2,915 21% 10,237 8,348 23% Raw Material 2,291 2,377 1,843 6,654 5,365 Employee Cost 454 449 371 1,327 1,077 Other Expenses 398 394 363 1,145 983 EB
Slide 24: Consolidated Annual Key Financial Numbers & Ratios
CONSOLIDATED ANNUAL KEY FINANCIAL NUMBERS & RATIOS Particulars Unit FY23 FY22 FY21 FY20 FY19 Revenue INR Cr 11,236 8,313 6,374 6,222 5,908 EBITDA INR Cr 1,242 885 725 672 725 EBITDA Margin % 11.1 10.6 11.4 10.8 12.3 PAT (UML Share) INR Cr 654 356 207 155 286 Net UML profit margin % 5.8 4.3 3.2 2.5 4
Slide 25: About Uno Minda
ABOUT UNO MINDA TRANSFORMING THE PRESENT, REIMAGINING THE FUTURE. 24
Slide 26: About Uno Minda
ABOUT UNO MINDA UNO MINDA A Leading Auto Component Player, Since 1958 Uno Minda Limited is one of the leading manufacturers of auto components and systems with leadership across key product segments. ₹ 130B ($ 1.57 TOP 200 73 B) * *Group Turnover (FY22-23) BSE/NSE listed companies Plants Globally Th
Slide 27: Domains & Product Groups
Domains & Product Groups Switches 4W, 2W, Lamps CV & Off road 4W & CV Sensors & Lamps Actuators 2Wheeler Electric Vehicle Speakers Products Infotainment Horns Systems ADAS LPG CNG Products Kits Controllers Hoses Gear Shifters Blow Molded & Seat Belts Parts Air Filters Seats 2Wheeler Alloy Wheels Air
Slide 28: Global Presence
GLOBAL PRESENCE Strategic Manufacturing Location Growing International Presence 67 Eng. 30 HO Head RO Registered 6 7 Sales 3 Engineering Office Office Plants Office Centers Plants Engineering Centers North zone. (29) [15] East zone (1) Manesar (10) [9] ENG. HO Jamshedpur (1) Bawal. (9) [4] ENG. Neem
Slide 29: Top Management Team
TOP MANAGEMENT TEAM Mr. Nirmal K Minda Mr. Ravi Mehra Mr. Rajeev Gandotra Mr. Kundan K Jha Mr. Sunil Bohra Chairman & Managing Director Deputy Managing Director CEO – Light & Acoustic CEO, Light Metal & Group Chief Finance & Head Group Corporate Systems Domain Powertrain Systems Officer & CEO- Safet
Slide 30: Nurturing Partnerships and Affiliations
NURTURING PARTNERSHIPS AND AFFILIATIONS Legacy of successful partnerships; 25 collaborations till date. M & A Lighting Solutions JV- Steering Wheel with Airbags, Body Sealing, Fuel Caps, Hoses M & A Seating Systems JV - Panel & Control Switches, Seatbelts JV – Printed Circuit Boards JV – Vehicle Sea
Slide 31: Global R&D Footprints
GLOBAL R&D FOOTPRINTS Uno Minda’s first flagship center for research engineering Two-tier Engineering Organization and advance technologies. Product-focused business Engineering teams 2W Switch, Mindarika, 4W Lighting, Minda Westport, Manesar Acoustic, Minda Nabtesco, Buehler MISSION: Attain Technol
Slide 32: Engine agnostic portfolio with potential upside from EV transition
Engine agnostic portfolio with potential upside from EV transition Domains Product Lines ICE EV 4W Switches & HVAC ✓ ✓ Charging Sockets ✓ ✓ Sensors ✓ ✓ Actuators ✓ ✓ Controllers ✓ ✓ Electronic & Control Systems Seat Belts ✓ ✓ Shifters ✓ ✓ Infotainment Systems ✓ ✓ Cameras ✓ ✓ Telematics & TCU ✓ ✓ RPA
Slide 33: Potential Kit Value – Uno Minda
POTENTIAL KIT VALUE – UNO MINDA Kit Value – 2 Wheelers 13,952 14,161 14,26114,901 13,910 12,336 12,003 10,661 9,675 9,585 9,231 8,457 8,243 6,261 7,110 6,978 7,181 7,324 4,517 3,611 Economy Executive Premium Scooter Moped 2020 2021 2022 2023 Kit Value – 4 Wheelers 197,416 146,416 140,788 120,788 93,
Slide 34: Environmental, Social & Governance (ESG)
ENVIRONMENTAL, SOCIAL & GOVERNANCE (ESG) Environmental Social Corporate Governance More than 90% of plants ISO Vision to enable Employee and 14001 & ISO 45001 certified Community Well-Being with (Environmental & OHS Management System) following organizational goals: Policies Ethics and Economic gove
Slide 35: Awards & Recognitions
AWARDS & RECOGNITIONS "Top 50 Innovative Company "Certificate of Recognition for Award—2022" by the Excellence in Corporate Confederation of Indian Governance" in the category of Industry (CII) "Listed - Medium Corporates" Suman Nirmal Minda Foundation (UNO MINDA GOLD AWARD for the Project GROUP) wo
Slide 36: Group Strengths
GROUP STRENGTHS Robust Systems Long Standing Located close to each Strategic & and Governance Relationships with customer Technology Driven mechanism OEMs Alliances Strong System, Processes with 6 Decades of Preferred Supplier Located in all Automotive hubs in With Global Technology experienced boar
Slide 37: Thank You.
THANK YOU. Corporate Office For further information, please contact Uno Minda Ltd Company (Formerly known as Minda Uno Minda Ltd. Industries Ltd) Village Nawada Fatehpur, P.O. Mr. Ankur Modi Sikanderpur Badda, Head Corporate Finance and Manesar, Gurgaon – 122004, India. Communication amodi@unominda.