Talbros Automotive Components Limited · NSE:TALBROAUTO
Talbros Automotive Components — Investor Presentation (June 2020)
32 slides from Talbros Automotive Components's investor presentation, Jun 29, 2020
Slide 1: Investor Presentation June 2020
1 INVESTOR PRESENTATION June 2020 1
Slide 2: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Talbros Automotive Components Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscrib
Slide 3: Talbros Automotive Components Ltd (TACL) - Group
Talbros Automotive Components Ltd (TACL) - Group Product Portfolio Entities TACL Group Turnover*(Rs. Crs) FY19 FY20 TACL Standalone 333 265 Gaskets Nippon Leakless Talbros Pvt Ltd 122 106 Forgings TACL Standalone 166 134 FY19 FY20 803 688 Magneti Marelli Talbros Chassis Chassis Components 130 137 Sy
Slide 4: TACL Group – Corporate Structure
TACL Group – Corporate Structure Figures in Rs. Crores FY19^ FY20^ Talbros Auto Components Limited – Group Turnover Gaskets 333 265 Talbros Automotive Components Ltd. Forgings 166 134 FY19 FY20 40% 50% 50% 803 688 Nippon Leakless Talbros Pvt Magneti Marelli Talbros Talbros Marugo Rubber Pvt Ltd.* Ch
Slide 5: Order Inflow
New Order Wins Company has received aggregate orders worth USD 31 mn (Rs. 234 cr) including orders received in JV and subsidiary companies catering to Domestic and Commenting on the order Mr. Anuj International markets Talwar, Jt. Managing Director, Talbros Order Inflow Automotive Components Limited
Slide 6: Consolidated FY20 Highlights
Consolidated FY20 Highlights Commenting on the performance Mr. Anuj Talwar, Jt. Managing Director, Talbros Automotive Components Limited said: 391 Crores “The financial year 2020 has been a challenging year for the auto industry Total Income^ and the breakout of the COVID-19 pandemic has added to th
Slide 7: Consolidated FY20 Performance Highlights
Consolidated FY20 Performance Highlights Rs. Crores Total Income from Operations^ EBIDTA^ PBT before Exceptional Items* 490.0 58.1 34.1 391.0 43.1 15.7 FY19 FY20 FY19 FY20 FY19 FY20 As per Ind AS ^ Includes other income * Includes Share of Profit from JVs 7
Slide 8: FY20 JV’s Performance Highlights
FY20 JV’s Performance Highlights Nippon Leakless Talbros Pvt Ltd* Magneti Marelli Talbros Chassis Systems Talbros Marugo Rubber Pvt Ltd* Pvt Ltd* Total Income from Operations Total Income from Operations Total Income from Operations 48.8 64.8 68.4 26.0 42.4 22.9 FY19 FY20 FY19 FY20 FY19 FY20 EBIDTA
Slide 9: Q4 & FY20 Consolidated Profit & Loss Statement
Q4 & FY20 Consolidated Profit & Loss Statement Particulars (Rs. In crores) Q4 FY20 Q4 FY19 FY20 FY19 Revenue from Operations (Net of Excise) 91.6 106.2 385.3 482.8 Other Income 0.8 2.6 5.7 7.1 Total revenue from Operation 92.5 108.9 391.0 490.0 Raw Material 47.7 58.7 204.8 272.7 Employee Cost 13.4 1
Slide 10: FY20 Consolidated Balance Sheet
FY20 Consolidated Balance Sheet ASSETS Mar-20 Mar-19 EQUITY AND LIABILITIES Mar-20 Mar-19 Non-current assets Equity Property, plant and equipment 149.2 139.7 Equity Share capital 12.3 12.3 Capital work in progress 0.6 6.4 Other equity 185.6 186.4 Investment property 2.9 3.1 Sub-total - Shareholders'
Slide 11: Q4 & FY20 Standalone Profit & Loss Statement
Q4 & FY20 Standalone Profit & Loss Statement Particulars (Rs. In crores) Q4 FY20 Q4 FY19 FY20 FY19 Revenue from Operations (Net of Excise) 91.6 106.2 385.3 482.8 Other Income 2.0 3.8 8.1 11.9 Total revenue from Operation 93.7 110.1 393.4 494.8 Raw Material 47.7 58.7 204.8 272.7 Employee Cost 13.4 13
Slide 12: FY20 Standalone Balance Sheet
FY20 Standalone Balance Sheet ASSETS Mar-20 Mar-19 EQUITY AND LIABILITIES Mar-20 Mar-19 Non-current assets Equity Property, plant and equipment 149.2 139.7 Equity Share capital 12.3 12.3 Capital work in progress 0.6 6.4 Other equity 165.6 171.9 Investment property 2.9 3.1 Sub-total - Shareholders' f
Slide 13: Business Confirmations & Strategy
Business Confirmations & Strategy Gaskets Standalone Nippon Leakless JV* ▪ Orders received in the past: • Order worth Rs. 7 Cr from 2 European car manufacturers for supplying Heat Shields • Order worth Rs. 5 Cr from US based car manufacturer for supplying 333 47 49 292 42 44 42 Gaskets 252 267 265 •
Slide 14: Business Confirmations & Strategy
Business Confirmations & Strategy Magneti Marelli Talbros Chassis Systems Pvt Ltd (MMT)* +22% 68 ▪ Orders received in the past: 65 • Order worth Rs. 5 Mn from a European car manufacturer for 54 supplying EPP Support Bracket 43 • From a Domestic OEM for Lower Control Arm worth Rs. 10 Crs 31 p.a. From
Slide 15: Leadership Team driving Growth & Profitability
Leadership Team driving Growth & Profitability Joint Managing Director Director & Group CFO Anuj Talwar Navin Juneja Is a Bachelor in Business Is a B.Sc. (Mathematics) and Administration from college of Chartered Accountant (FCA). He is William & Mary, Virgina, USA and working as Finance Head of Tal
Slide 16: One of the Most Hedged Auto Component Players
About Us Over 6 Decades of experience in Auto Component manufacturing One of the Diversified Auto Component player with presence across Two Wheelers, Passenger, Commercial Vehicles and Farm Equipment's Most Hedged Auto Wide client base, ~40% revenue from top 5 clients Component Businesses across OEM
Slide 17: Diversified Portfolio
Diversified Portfolio FY20 - Revenue Contribution Segments Product Portfolio Market Exposure TMR 4% ▪ 2 Wheelers ▪ Gaskets ▪ OEMs NLK 8% ▪ 3Wheelers ▪ Heat Shields ▪ After Market MMT ▪ Passenger Vehicles ▪ Forgings ▪ Exports 13% ▪ Chassis Systems ▪ Commercial Vehicles ▪ Others Forgings ▪ Anti vibrat
Slide 18: Growth Strategy
Growth Strategy 18
Slide 19: Strong Global Partnerships - Joint Ventures
Strong Global Partnerships - Joint Ventures Joint Ventures About the JV Products Customers ▪ Nippon Leakless Corporation (Japan) - One of the ▪ Hero Motor Corp largest global manufacturers of gaskets and a ▪ HMSI major Supplier for Honda Gaskets ▪ India Yamaha ▪ Honda Car India ▪ Established in 2005
Slide 20: TACL: Domestic Sales Break up FY20
TACL: Domestic Sales Break up FY20 Others, 6% Agri & Off 2&3 Loaders, 8% Wheelers, 28% 28% 20% 2 &3 Wheelers Segment grew Strong growth in CV sales HCV & LCV, 20% 38% Consistent improvement in JV performance to Passenger push PV sales Vehicle, 38% 20
Slide 21: Business Overview
Business Overview 21
Slide 22: Key Milestones
Key Milestones Payen Talbros Technical Agreement •2008 - Technical Agreement JV with Marugo Rubber, incorporated in with Nippon Leakless, with SANWA, Japan Japan for Anti-Vibration collaboration with Japan to manufacture • 2009 – Technical Agreement and Hoses Coopers Payen UK Non-Asbestos Gaskets wi
Slide 23: Board of Directors
Board of Directors Mr. Naresh Talwar Mr. Umesh Talwar Mr. Varun Talwar Chairman Vice Chairman & MD Joint Managing Director Mr. Anuj Talwar Mr. Navin Juneja Mr. Vidur Talwar Joint Managing Director Director Non Executive Director Mr. V Mohan Mr Anil Kumar Mehra Mr. Amit Burman Independent Director In
Slide 24: Executive Management
Executive Management Mr. Manish Khanna Mrs. Seema Narang Chief Financial Officer Company Secretary A Qualified CA and MBA, he has over 17 years of experience with LeeBoy India She has over 22 years of experience in the secretarial department and has worked with Constructions, Doosan Infracore, Escor
Slide 25: Standalone Business - Gaskets
Standalone Business - Gaskets ▪ In – House tool design and manufacturing FY20 Revenue Rs 260 Crores FY20 OEM Breakup ▪ ~40% Market share in Gaskets 3x the Export Others 14% 2 & 3 Wheelers nearest competitor 4% 5% 14% ▪ Market Leader in – Two Wheeler, Agri & After Passenger Vehicle Market 47% Off Loa
Slide 26: Standalone Business - Forgings
Standalone Business - Forgings FY20 Revenue Rs 131 Crores ▪ One stop solution for Hot Forging Exports (750 to 2,500 Ton Press) 43% ▪ In-House tool design and manufacturing OEM Others 6% ▪ Strong presence in Overseas Market & 51% Supplier to top Tier I companies ▪ One Stop Solution for Die Design, Pr
Slide 27: Scope of Joint Ventures
Scope of Joint Ventures Rear Twist Beam Axle Fuel Hose Strut Mount Steering Bush Front Cross Members Engine Mount Suspension Arms Bush Wheel Group + Corner Module Air Hose Control Arms Knuckles Exhaust Hanger MMT MMT TMR TMR Existing Business Planned for Future Existing Business Planned for Future 2
Slide 28: Evolving Product Portfolio
Evolving Product Portfolio JV with Marugo Evolution Rubber Continues... Revenue FY07 JV with Magneti Marelli Hoses Hoses TA with SANWA Anti Vibration Anti Vibration Gasket 100% Acquired Sheet Metal, Products Products Entry into Forgings, JV with NLK - Gaskets Chassis Systems Chassis Systems Chassis
Slide 29: Hedged Customer Base
Diversified Customer - OEM 2 Wheeler Passenger Hedged Customer Base HCV/LCV Agri & Off Loader Agri & Off Loader 29
Slide 30: Manufacturing Facilities
Manufacturing Facilities Forging Gasket Bawal – Haryana Faridabad, Haryana (2 plants & R&D Centre) Pune, Maharashtra & Sitarganj, Uttarakhand Talbros Marugo Rubber Manesar – Gurgaon Nippon Leakless Bawal – Haryana Haridwar – Uttarakhand Magneti Marelli Talbros Faridabad - Haryana 30
Slide 31: Equity
Equity Consistently paying Dividend for the last 50 years In Rs 1.8 1.5 1.5 1.5 1.5 1.2 1.2 1.2 1.2 1.2 1.0 0.5 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 Promoter Shareholding 56.6% 56.6% 56.6% 56.6% 58.2% 51.5% 53.9% 54.0% 44.5% 45.6% 46.3% 41.6% 37.8% Jun-09 Jun-10 Jun-11 Jun-12
Slide 32: For further information, please contact:
For further information, please contact: Company : Investor Relations Advisors : Talbros Automotive Components Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: L29199HR1956PLC033107 CIN: U74140MH2010PTC204285 Mr. Navin Juneja – Director & Group CFO Mr. Shogun Jain / Mr. Pratik R. Shah Email: navinjunej
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