Remsons Industries Limited · NSE:REMSONSIND
Remsons Industries — Q1 FY24 Earnings Presentation
38 slides from Remsons Industries's earnings presentation, Aug 8, 2023
Slide 1: Exchange filing cover letter
8th August, 2023 To, To, The Manager The Manager – Listing Department of Corporate Services National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, ‘G’ Block, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Mumbai - 400 001 Bandra (East), Mumbai – 400 051 Scrip
Slide 2: Investor Presentation Q1 / FY 23-24
Investor Presentation Q1 / FY 23-24
Slide 3: Disclaimer
DISCLAIMER Except for the historical information contained herein, statements in this presentation and the subsequent discussions, which include words or phrases such as "will", "aim", "will likely result", "would", "believe", "may", "expect", "will continue", "anticipate", "estimate", "intend", "pl
Slide 4: Key Developments FY 22-23 Key Highlights
FY 22-23 KEY HIGHLIGHTS • Citroen C3 Aircross supplies stated for India and South America • Winches - New Product Line added and supplies started. Remsons is now recognized as India’s Great Mid-sized Workplaces KEY and India’s Best Workplaces in Auto & Auto Component Industry (Top 100 DEVELOPMENTS M
Slide 5: Q1 FY 23-24 Highlights Standalone
Q1 FY 23-24 HIGHLIGHTS STANDALONE Revenue (Rs lacs) EBITDA (Rs lacs) • Total Standalone Revenue growth was lower by 7.54% Y-o-Y. This was due to the lower volume offtake in Two-Wheeler sector during the quarter. • Industry Volumes in Q1FY24: Two-Wheeler sales were 41.40 Lakh Units and Passenger car
Slide 6: Q4 FY 22-23 Highlights Consolidated
Q4 FY 22-23 HIGHLIGHTS CONSOLIDATED Revenue (Rs lacs) EBITDA (Rs lacs) • Consolidated Revenue stood at Rs.7275 lacs down by 8.55% Y-o-Y. This is due to temporary soft demand in domestic sales. • Gross Profit margins were higher by 565 bps Y-o-Y at 42.04%. • Challenges impacting demand for two- wheel
Slide 7: Q1 FY 23-24 Results
Q1 FY 23-24 RESULTS STANDALONE RESULTS CONSOLIDATED RESULTS Particulars (Rs lacs) Q1FY24 Q4FY23 Q1FY23 YoY% Q1FY24 Q4FY23 Q1FY23 YoY% Net Sales 5991.6 6313.9 6480.3 -7.54 7275.0 7643.9 7955.5 -8.55 Total Expenditure 5513.2 5806.7 6080.2 -9.33 6614.8 6868.5 7307.4 -9.48 EBITDA 478.4 507.2 400.1 19.58
Slide 8: Strategy for a Profitable Growth
STRATEGY FOR A PROFITABLE GROWTH New Product Operational Efficiency New Product Business Award with UK (Remsons) Lean and Agile Manufacturing processes Technology localised for Indian OEM in FY23. increasing Asset Utilization Product Development- Offering and diversifying Cost reduction measures at
Slide 9: Company Overview
ya . REMSONS \_Company Overview LET'S MAKE GREAT Years of Engineering Excellence
Slide 10: Re-branding the UK Subsidiary
RE-BRANDING THE UK SUBSIDARY IS NOW Our manufacturing facility at Stourport (England)! Remsons Automotive formerly known as Magal Cables. A state-of-the-art facility where we bring innovation and quality together to create exceptional products. Our Journey started in 2020 where Remsons saw an opport
Slide 11: A Little Bit of History
A LITTLE BIT OF HISTORY Born into a middle-class family in Kolkata, Mr. Vishwa Prakash Harlalka moved from Kolkata to Mumbai in 1956. With nothing but a dream he tried his hand at many businesses, failing and only rising stronger and wiser. He Founded Remsons in 1959. Formed as a trading company, th
Slide 12: Remsons - At a Glance
REMSONS - AT A GLANCE About Us Customer Profile Strategy The company offers an entire spectrum of All major OEM manufacturers of 2, 3, & Focus on advancement of technologies Automobile control cables, gear shifters, 4 wheelers both domestic and overseas and strengthening of business winches, pedal b
Slide 13: Key Highlights
KEY HIGHLIGHTS INR 313 Crs of INR 25.94 Crs of Serving more than 20 OEM’s and Total Income in FY 23 EBITDA in FY 23 250+ dealers in after-market 5 State of the Art Plants Exports to more 246 Permanent employees 4 India and 1 in UK than 19 countries combined (India 200 and UK 46)
Slide 14: Milestones
MILESTONES 2022 1960-1973 2004-2006 2018-2019 New Plant Indigenously Opened started at Pune 1st to introduce control cables manufactured marketing and for OEM dash mounted technical business and Pressure die cast cables ends park brake and support office in push pull cables USA and Europe Great Plac
Slide 15: Remsons DNA: Vision, Mission, Quality
REMSONS DNA VISION EMPOWER Let’s aim to be regarded as an innovative, future- We provide employee with the resources, ready auto component manufacturer always authority, opportunity, and motivation to do committed to the highest standards of engineering their work, also holding them accountable for
Slide 16: Group - Organisation Structure
GROUP- ORGANISATION STRUCTURE Remsons Industries Limited India UK Operations Operations Gurugram Daman Pune Pardi Stourport The synergies created through this acquisition including access to the central European market, new product portfolio and operational production plant in UK to better save the
Slide 17: Global Presence
GLOBAL PRESENCE Stourport-on-Severn United Kingdom United Kingdom Application Support & Application Support & Marketing Office France Marketing Office Mexico USA Germany Gurgaon India Austria Pune Sweden India Italy Spain Daman; Pardi Turkey India Singapore Mumbai India Nepal Sri Lanka Bangladesh Br
Slide 18: Multi Location Establishment
MULTI LOCATION ESTABLISHMENT ❑ MUMBAI – Corporate Office ❑ PUNE ❑ GURUGRAM ❑ DAMAN ❑ PARDI ( GUJARAT) ❑ UNITED KINGDOM (STOURPORT ON SEVERN) PUNE, MAHARASHTRA GURGAON, HARYANA STOURPORT-ON-SEVERN, UNITED KINGDOM
Slide 19: Management Details
MANAGEMENT DETAILS Krishna Kejriwal Amit Srivastava Chairman & Managing Director, Remsons Industries Limited Chief Executive Officer, Remsons Industries Limited Mr. Kejriwal is a Graduate in Science from University of He is MBA in Marketing & Finance completed Senior Management Bangalore and has 43
Slide 20: In-House Product Development Capabilities
IN-HOUSE PRODUCT DEVELOPMENT CAPABILITIES Design FEA Complete In-House Simulation & FEA In-House Design Capabilities Established Capabilities Product Development Capabilities Enhancement (U.K) Validation Technology Continuous upgradation of Synergy In-House Product Validation Capability Design and V
Slide 21: Products Gallery
PRODUCTS GALLERY Push Pull Cables Pedal Box Handle Assembly Gear Shift Systems SYSTEMS GEAR SHIFTERS PARKING BRAKE PEDAL BOX WINCHES JACKS Jacks Parking Brake Assembly Winch Assembly Auto Adjust Clutch Cable
Slide 22: Application of Products
APPLICATION OF PRODUCTS Serving All Segments of Industry 2- Wheeler 3- Wheeler 4- Wheeler Commercial Vehicle Off-Roader Agriculture Brake - Front, Rear, Combi Clutch / PKB Cable Parking Brake Cable Parking Brake Cable Accelerator Cables Clutch & Brake Cable Accelerator Cable Gasoline Cable Body & Cl
Slide 23: Customer Profile
CUSTOMER PROFILE Passenger Cars (Tier – I) Commercial Vehicles 2 & 3-Wheeler Agriculture * * * Electric 2-Wheeler* * *Tier II
Slide 24: Remsons Quality Certification
REMSONS QUALITY CERTIFICATION INDIA UK IATF 16949:2016 1S0 14001: 2015 IATF 16949:2016 1S0 14001: 2015 ASES CERTIFIED
Slide 25: Awards & Recognitions
AWARDS & RECOGNITIONS ❑ Jamnalal Bajaj Award – For Fair Business Practices ❑ ACMA Award – First Technology Award for Upgradation of Technology ❑ Maruti Suzuki – Vendor Performance Award ❑ ACMA – 1st Prize in QC Competition for Cost Reduction ❑ Company of the Year Award 2020 by CEO Insights Magazine
Slide 26: Sustainability
SUSTAINABILITY SILVER RATING OF MEMBER OF THE UN CORPORATE SOCIAL GENERATION OF 500 KVA SUSTAINABILITY GLOBAL COMPACT RESPONSIBILITY - AWARD PER MONTH. 2021 2022 Ecovadis Score Card Shows about The Ten Principles of the Education to the handicapped, In keeping with the efforts of company’s performan
Slide 27: Best HR Practises
BEST HR PRACTISES GREAT MID SIZE WORKPLACE COMPANY - AWARD BY GPTW When the Goal is Greatness, Milestones Are A Natural Outcome As we navigate the challenges and opportunities in our workplace, let's take a moment to reflect on the essence of what makes our organization truly successful – our people
Slide 28: Corporate Social Responsibilities - Activities
CORPORATE SOCIAL RESPONSIBILITIES - ACTIVITIES • Dignity Project – Distributing Menstrual kits to 600 Girls in School. • Meri Pathshala – Revamping Projects in Rural Schools. • Clean Water Project – Leprosy Ashram. • Mid-Day Meal Sponsor – 400 Students per year. BEST CSR AWARD – 3 Yrs in a ROW • Com
Slide 29: Financials
REMSONS ‘ Financials LET'S MAKE GREAT Years of Engineering Excellence
Slide 30: Five Years Sales Trend
FIVE YEARS SALES TREND All Conversion Rates are as of 7th July 2023 2023-24 42 M $ 39 M € 2022-23 33 M £ 38 M $ 35 M € 2021-22 30 M £ 34 M $ 32 M € 27 M £ 2020-21 27 M $ 25 M € 2019-20 22 M £ 19 M $ 18 M € 15 M £ ₹ 160 Cr ₹ 226 Cr ₹ 286 Cr ₹ 312 Cr ₹ 350 Cr Lockdown From Pandemic Projected March 20
Slide 31: Profitable Growth, Strong ROE, ROCE (Consolidated)
PROFITABLE GROWTH, STRONG ROE, ROCE (CONSOLIDATED)
Slide 32: Annual - Standalone Profit & Loss Statement
ANNUAL- STANDALONE PROFIT & LOSS STATEMENT Particulars (INR in crs) FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 Net sales 128.13 149.38 159.18 195.48 223.28 263.96 Cost of Goods Sold 78.07 92.98 95.71 136.29 152.81 179.90 Employee expenses 23.89 26.97 30.99 30.03 33.71 37.25 Other expenses 18.14
Slide 33: Annual - Consolidated Profit & Loss Statement
ANNUAL-CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (INR in crs) FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 Net sales 128.13 149.38 159.18 226.15 286.45 312.80 Cost of Goods Sold 78.07 92.98 95.71 151.68 180.79 195.13 Employee expenses 23.89 26.97 30.99 39.58 52.27 56.50 Other expenses 18.1
Slide 34: Annual - Standalone Balance Sheet (1/2)
ANNUAL- STANDALONE BALANCE SHEET (1/2) Particulars (INR in crs) FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 Assets Non-Current Assets Property, Plant & Equipment 21.75 21.51 21.71 24.05 27.91 32.98 Right of Use of Assets - - 0.54 8.81 6.87 4.89 Capital Work in Progress 0.05 0.14 0.08 0.35 0.54 0
Slide 35: Annual - Standalone Balance Sheet (2/2)
ANNUAL_ STANDALONE BALANCE SHEET (2/2) FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 Equities & Liabilities Share Capital 5.71 5.71 5.71 5.71 5.71 5.71 Reserves & Surplus 13.84 16.03 19.03 25.68 28.89 35.99 Net Worth 19.55 21.74 24.74 31.39 34.60 41.70 Non-Current Liabilities Long Term Borrowings
Slide 36: Annual - Consolidated Balance Sheet (1/2)
ANNUAL- CONSOLIDATED BALANCE SHEET (1/2) Particulars (INR in crs) FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 Assets Non-Current Assets Property, Plant & Equipment 21.75 21.51 21.71 31.71 34.40 40.74 Right of Use of Assets - - 0.54 8.81 6.87 4.89 Capital Work in Progress 0.05 0.14 0.08 0.35 0.54
Slide 37: Annual - Consolidated Balance Sheet (2/2)
ANNUAL-CONSOLIDATED BALANCE SHEET (2/2) FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 Equities & Liabilities Share Capital 5.71 5.71 5.71 5.71 5.71 5.71 Reserves & Surplus 13.84 16.03 19.03 24.01 28.82 36.56 Net Worth 19.55 21.74 24.74 29.72 34.53 42.27 Non-Current Liabilities Long Term Borrowings
Slide 38: Thank You!
Thank You! For further information, please contact Remsons Industries Limited KAPTIFY Consulting Tel: +91 22 2612 2368/2611 3883 Strategy & Investor Relations Consulting Email: corporate@remsons.com Tel: +91 845 288 6099 | Email: info@kaptify.in www.remsons.com www.kaptify.in