Rico Auto Industries Limited · NSE:RICOAUTO
Rico Auto Industries — Investor Presentation (July 2020)
46 slides from Rico Auto Industries's investor presentation, Jul 13, 2020
Slide 1: Exchange filing cover letter, Investor Presentation July 2020
I REGD. & CORP. OFFICE: 38 KM STONE, DELHI.JAIPUR HIGHWAY, GURUGRAM -122001, HARYANA (INDIA) EMAIL: i/cO@iiCoauto.in WEBSITE: www.ricoauto.in TEL.: +91124 2824()()() FAX: +91124 28242(10 CIN: L34300HR1983PLC023187 July 13, 2020 SSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy
Slide 2: A world class integrated supplier of Automotive Components & Assemblies
RICO AUTO INDUSTRIES LIMITED A world class integrated supplier of Automotive Components & Assemblies Investor Presentation | July 2020
Slide 3: Content
Content Company Overview 03 Board of Directors & Management 08 Organization Structure 10 Group Revenue & New Business Won 11 Product Portfolio & Joint Ventures 15 After Market Business Highlights 23 Manufacturing and R&D Capabilities 26 Awards, CSR Activities & HR Initiatives 32 Financials 36 Made I
Slide 4: Key Facts
Key Facts Global Supplier of 14 Incorporated in 1983 Automotive Manufacturing Components Plants Strong in-house Presence in Over 4,500 R&D 4 Continents Employees Capabilities Turnover (FY20) All Automotive INR 1,424 Cr Certifications Investor Presentation | July 2020 | www.ricoauto.in 3
Slide 5: Key Business Strategies
Key Business Strategies Preferred Strategically 4 decades of De-risked partner to OEMs located plants Execution Experience Business Model Client engagement from Proximity of its plants to the Excellence in engineering Extensive product portfolio: concept to completion stage OEMs. critical products.
Slide 6: Core Values and Vision
Core Values ENTREPRENEURSHIP E The power of persuing new challenges with speed, flexibility and ownership Vision TEAMWORK T The power of working together To be the preferred supplier to INTEGRITY I OEM’s across the globe. The power of honesty and transparency COMMITMENT EX C The power of responsibil
Slide 7: The Journey So Far
The Journey So Far ISO 2010-14 2015-18 9000 o Initiated After Market Business o Added new o International Market Facilities/Plants at o Added new Facilities/Plants at OEM Supplier - MEC Bhiwadi, Sanand, Bawal, Pathredi & Chennai - Japan Haridwar & Manesar IATF 16949 o New Plant for o Added Customers
Slide 8: Manufacturing Locations
Manufacturing Locations - 14 1 GURGAON 27 Acres 2 BAWAL 15 Acres (Corporate, R&D, Tool Manufacturing, Ferrous (Al. HPDC, Machining) Casting, Al. HPDC, Machining) 3 BHIWADI / PATHREDI 12 Acres 4 CHENNAI 12 Acres 2 1 6 3 7 8 (Machining) (Al. HPDC, Machining) 5 5 SANAND 5.5 Acres 6 DHARUHERA 5 Acres (A
Slide 9: Board of Directors
Board of Directors Arvind Kapur Chairman, CEO & Managing Director Kanwal Monga Amarjit Chopra Dr. Ashok Seth Satish Sekhri Independent Director Independent Director Independent Director Independent Director Rajeev Kapoor Upasana Kapur Arun Kapur Vinod Kumar Nagar Non-executive director Joint Managin
Slide 10: Organization - Management Team
Organization - Management Team Surendra Singh Rakesh Sharma R. K. Miglani Kaushalendra Verma R. Dharna M. K. Jain President & COO Chief Financial Officer Senior Vice President Senior Vice President Vice President Operations Chief Technical Officer (Operations & Engineering) S. Kaul Sandeep Rajpal Ab
Slide 11: Organizational Structure
Organizational Structure RICO AUTO INDUSTRIES LIMITED 97.73 100% Subsidiary 100% Subsidiary % Subsidiary 100% Subsidiary 100% Subsidiary 51 % Rico Auto + 49% Rasa Autocom Rico Auto Industries Rico Auto Industries Rico AAN Engineering Rico Fluidtronics Ltd (UK) Ltd. Inc., USA Investments Ltd. Industr
Slide 12: Group Revenue – Product Segment Wise
Group Revenue – Product Segment Wise FY 19 (Actual) FY 20 (Actual) Electric Chasis Chasis 1% 20% 20% Engine Engine 42% 41% Transmission Transmission 38% 38% Exports Ferrous 30% 30% Domestic Aluminium 70% 70% Investor Presentation | July 2020 | www.ricoauto.in 11
Slide 13: New Customer Addition
New Customer Addition Program Value Program Value Program Value Program Value Program Value 310 Cr 800 Cr 40 Cr 108 Cr 37 Cr Investor Presentation | July 2020 | www.ricoauto.in 12
Slide 14: EV Penetration
EV Penetration Program Value INR 950 Cr Program Value Program Value INR 40 Cr INR 225 Cr Investor Presentation | July 2020 | www.ricoauto.in 13
Slide 15: High Tonnage Focus (> 1250 Tones)
High Tonnage Focus (> 1250 Tones) Program Value INR 1,200 Cr Investor Presentation | July 2020 | www.ricoauto.in 14
Slide 16: Product Portfolio
Product Portfolio Investor Presentation | July 2020 | www.ricoauto.in 15
Slide 17: Product Divisions
Product Divisions ALUMINUM CASTING FERROUS CASTING MACHINING AND ASSEMBLY DIES AND MOULDS DEFENCE EQUIPMENTS ENGINEERING & R&D Investor Presentation | July 2020 | www.ricoauto.in 16
Slide 18: Engine Business
Engine Business Assy. Cover Cylinder Head Balancer Shaft Exhaust Manifold Turbine/ Center Hsg Engine Block Case Chain/ Case Timing Engine & Support Brackets Oil Pan Bearing Cap Turbo Outlet EGR Pipe Cam Cap Support / Ladder Frame Investor Presentation | July 2020 | www.ricoauto.in 17
Slide 19: Transmission Business
Transmission Business Transmission Case Clutch / Mechanical Housing Shifter Forks Front Diff Housing Ground Sleeve & Shaft Differential Case & Housing Retainer Bearing Support Investor Presentation | July 2020 | www.ricoauto.in 18
Slide 20: 2 Wheeler Business
2 Wheeler Business Front & Rear Hubs Front & Rear Brake Panel Assy Crank Cases CBS Grips Crank Cases Clutch Assembly Engine Cover Alloy Wheels Investor Presentation | July 2020 | www.ricoauto.in 19
Slide 21: Rico Fluidtronics Ltd
Rico Fluidtronics Ltd Rico Fluidtronics Limited (Formally known as Magna Rico Powertrain Private Limited) has now become a subsidiary of Rico Auto Industries Limited. Rico Auto Industries Limited, along with its step down subsidiary, Rasa Autocom Limited holds the entire share capital of Magna Rico
Slide 22: Rico – Jinfei Wheels Ltd.
Rico – Jinfei Wheels Ltd. Joint Venture 94.79% : 5.21% Year FY 17-18 FY 18-19 FY 19-20 Aluminum Alloy Wheels (Two Wheelers) Alloy Wheels 1.10 1.27 1.14 ( nos. in Mn ) Turnover ( INR Cr ) 114.06 136.54 119.73 Capacity Expansion Client: 3 Mn Dec 18 Investor Presentation | July 2020 | www.ricoauto.in 2
Slide 23: AAN – Defense Vertical
AAN – Defense Vertical AAN Engineering Industries Ltd. Aerial Ammunition 50 Cr spread in 3 years starting 2020 Make In India Ammunition – under bidding Dec 19 – 2500 Cr program value spread over for 10 years Year FY 17-18 FY 18-19 FY 19-20 Make In India Electronic Turnover (INR CR) 4.1 4.2 1.96 Fuse
Slide 24: After Market Business Highlights
After Market Business Highlights Investor Presentation | July 2020 | www.ricoauto.in 23
Slide 25: After Market Performance & Way Forward
After Market Performance & Way Forward Launch Of 4W Parts in FY19 Total Revenue (in Cr.) 35 30 29 25 25 23 20 15 10 10 5 0.14 0 2017 2018 2019 2020 2021 (Launched) (Projection) Initiated on Product Range 120 Dealers Parts launched (20+ States in India, 20th May’2017 2W, 4W & 3W 580 Srilanka & Nepal)
Slide 26: After Market Product Portfolio
After Market Product Portfolio WHEELS & BRAKING SYSTEMS CLUTCH ASSEMBLY & COMPONENTS New Products LEVER YOKE CHAIN SPROCKET CLUTCH HUB & CENTRE INNER CLUTCH ASSEMBLIES Investor Presentation | July 2020 | www.ricoauto.in 25
Slide 27: Manufacturing and R&D Capabilities
Manufacturing and R&D Capabilities Investor Presentation | July 2020 | www.ricoauto.in 26
Slide 28: Aluminum
Aluminum Over 100 High Pressure Die Casting Machines (up to 2700 Tns Locking Force) Largest High Pressure Die Casting Capacity in India including GDC & LPDC. Investor Presentation | July 2020 | www.ricoauto.in 27
Slide 29: Ferrous
Ferrous Preferred partner to OEMs 4 Molding Lines - 2 DISA & 2 Horizontal (SINTO & DISA) Vertical Size ( 650 * 535 * 130~330) & Horizontal Size ( 610 * 510 * 200+200) Material: Gray (FC), Ductile (FCD), SiMo, SiMo Chrome Investor Presentation | July 2020 | www.ricoauto.in 28
Slide 30: Machining & Assemblies
Machining & Assemblies Over 2,500 Machines (CNCs & SPMs) One of the Largest Machining Facility in India Over 50% of Our Product Range is with Assemblies Investor Presentation | July 2020 | www.ricoauto.in 29
Slide 31: R&D – New Product Development
R&D – New Product Development 100 + 25 Expansion of Engineering set Prototype Cell Created New Projects New Engineers added up to Bawal & Chennai Pool of machines & 3D Special Purpose CNC Concurrent Engineering High Strength Aluminum Alloy Printing Machines Development Automation in Casting & Struct
Slide 32: R&D – Design and Development
R&D – Design and Development Combo. Brake System (CBS) Rico Design Clutch -100 cc Rico Design Clutch -110 cc Rico Design Clutch -125 cc Design and Test. Models for BS –VI. Models for BS –VI. Models for BS –VI. Project Done with Customer Now in Mass Production Now in Mass Production. Now in Mass Prod
Slide 33: Awards, CSR Activities & HR Initiatives
Awards, CSR Activities & HR Initiatives Investor Presentation | July 2020 | www.ricoauto.in 32
Slide 34: Awards & Recognition
Awards & Recognition Investor Presentation | July 2020 | www.ricoauto.in 33
Slide 35: Corporate Social Responsibility
Corporate Social Responsibility Enhancing Environmental Sustainability Supporting Rural Promoting “ Cleanliness & Development Sanitation” in Rural areas Providing Preventive Health Care Women Empowerment, Promoting Girls Education & Skill development Animal Welfare Investor Presentation | July 2020
Slide 36: Organizational HR/IR Initiatives, Employee Engagement & Nurturing Harmony
Organizational HR/IR Initiatives, Employee Engagement & Nurturing Harmony Company Wide Training – “Jagriti” Kaizen Award Ceremony Best Work Place - Competition Family Connect Program Employees Children Safety Competition Sports Competition Yoga Training Health Awareness Camp Investor Presentation |
Slide 37: Financials
Financials Investor Presentation | July 2020 | www.ricoauto.in 36
Slide 38: Financial Highlights – Quarterly - Consolidated
Financial Highlights – Quarterly - Consolidated In INR Cr In INR Cr Total Revenue EBITDA & EBITDA Margin 14. 0% 50 13. 0% 400 5.0% 3.6% 7.0 % 11.2% 12. 0% -0.5% 380 40 -5.2% -2.6% 9.5% 8.7% 9.5% 11. 0% 360 2.0 % 9.0% 340 10. 0% 30 -3.0% 320 9.0 % 300 8.0 % -8.0% 20 280 7.0 % 260 -13.0% 6.0 % 10 240
Slide 39: Financial Highlights – Quarterly - Standalone
Financial Highlights – Quarterly - Standalone Total Revenue In INR Cr EBITDA & EBITDA Margin In INR Cr 400 7.2% 50 45 7.0 % 380 13. 0% 360 1.9% 40 2.0 % -3.3% 35 11. 0% -4.0% 9.5% 9.3% 9.3% 340 -4.4% -3.0% 30 9.0% 320 9.0 % 6.9% 25 300 -8.0% 20 280 7.0 % 260 -13.0% 15 240 10 5.0 % -18.0% 291 312 318
Slide 40: Standalone & Consolidated Financials – Quarterly (YoY)
Standalone & Consolidated Financials – Quarterly (YoY) In INR Cr Standalone Consolidated In INR Cr Q4FY20 Q4FY19 Chg YoY(%) Particulars Q4FY20 Q4FY19 Chg YoY(%) 281.41 282.75 -0.5% Operating Revenue 330.71 347.76 -4.9% 10.34 8.18 Other Income 8.55 8.28 291.75 290.93 0.3% Total Revenue 339.26 356.04
Slide 41: Standalone & Consolidated Financials – Quarterly (QoQ)
Standalone & Consolidated Financials – Quarterly (QoQ) In INR Cr Standalone Consolidated In INR Cr Q4FY20 Q3FY20 Chg QoQ(%) Particulars Q4FY20 Q3FY20 Chg QoQ(%) 281.41 296.33 -5.0% Operating Revenue 330.71 342.38 -3.4% 10.34 7.79 Other Income 8.55 5.94 291.75 304.12 -4.1% Total Revenue 339.26 348.32
Slide 42: Standalone & Consolidated Financials
Standalone & Consolidated Financials In INR Cr Standalone Consolidated In INR Cr FY20 FY19 Chg YoY(%) Particulars FY20 FY19 Chg YoY(%) Operating Revenue 1192.73 1,195.89 -0.3% 1401.07 1,392.65 0.6% 33.54 28.61 Other Income 22.71 19.41 Total Revenue 1226.27 1,224.50 0.1% 1423.78 1,412.06 0.8% Total E
Slide 43: Consolidated Financial Highlights – Yearly
Consolidated Financial Highlights – Yearly In INR Cr In INR Cr Total Revenue EBITDA & EBITDA Margin 13.3% 12.2% 12.0% 11.8% 11.1% 160 0 20. 0% 10.4% 10.6% 0.8% 160 9.6% 140 0 10. 0% 10. 0% 140 120 0 120 0.0 % 5.0 % 100 100 0 -10.0% 80 800 0.0 % 600 -26.0% -20.0% 60 40 -5.0% -30.0% 400 1021 1127 1246
Slide 44: Standalone Financial Highlights – Yearly
Standalone Financial Highlights – Yearly In INR Cr In INR Cr Total Revenue EBITDA & EBITDA Margin 160 14. 0% 12.6% 160 0 20. 0% 6.2% 9.5% 140 11.4% 11.7% 140 0 7.3% 10. 0% 10.9% 12. 0% 0.1% 120 10.0% 120 0 0.0 % 8.6% 10. 0% 100 100 0 80 8.0 % -10.0% 800 60 6.0 % -20.0% 600 40 4.0 % -30.0% 400 20 926
Slide 45: Stock Information
Stock Information Shareholding Pattern (as on 31st March 2020) Stock Data (as on 31st March 2020) Market Cap 269.21 Cr. 7.92% Stock Price ₹ 19.9 Promoters 52 Week (High / Low) ₹ 72.65/16.8 50.30% Others 41.78% Institutions NSE / BSE - Symbol RICOAUTO / 520008 No. of Shares Outstanding 135,285,000 Av
Slide 46: Thank You
Thank You RICO AUTO INDUSTRIES LIMITED Investor Relations 38 KM Stone, Delhi - Jaipur Highway, Saurabh Bhave Gurgaon - 122001, Haryana (INDIA) S-Ancial Technologies Pvt. Ltd. Phone: +91 124 2824000 (B) 215, Shivshakti Industrial Estate, J.R Boricha Marg, Lower Parel (E) Mumbai-400011 E-mail: cs@rico
Rico Auto Industries — Investor Presentation (July 2020) on 6ix