76 slides from Wardwizard Innovations & Mobility's earnings presentation, Dec 16, 2023
Slide 1: Letter to BSE: Investor Presentation
REF: WIML/BSE/IP/DECEMBER-2023 Date: 16th December, 2023 To, Corporate Relations Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400 001 BSE Scrip Code: 538970 Script ID: WARDINMOBI Ref: Wardwizard Innovations & Mobility Limited (“Company”) Sub: Investor Presentation Dear Sir/
Slide 2: Wardwizard Innovations & Mobility Limited Q2 FY24
Wardwizard Innovations & Mobility Limited Investor Presentation Q2 FY24 Empowering Indian Terrains with Electric Commutes
Slide 3: Safe Harbour Statement
Safe Harbour Statement This presentation and the accompanying slides (the Presentation), which have been prepared by Wardwizard Innovations & Mobility Limited (Wardwizard, The Company) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscr
Slide 4: Company Overview
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Slide 5: Wardwizard @ Glance
Wardwizard @ Glance Wardwizard Innovations & Mobility Limited (Wardwizard, The Company) is a prominent manufacturer of Electric Two-wheeler and Three-wheeler Vehicles in India, operating under the brand name Joy e-bike. The Company has one of the broadest product lines of any EV scooters and motorcy
Slide 6: Our Journey
Our Journey Wardwizard OEM plant's Wardwizard's flagship brand inaugurates automation Inception of launched four e-scooters in India's largest boosts Wardwizard's Wardwizard under the the Low-Speed Scooter Wardwizard E2W OEM plant production The Onlook 2022: leadership of Mr. Yatin category: Joy e-B
Slide 7: State of the Art Manufacturing Facility
State of the Art Manufacturing Facility Located Vadodara Gujarat Close Proximity To The Vendors Spread Across 70,000 Sq Ft for 2 Wheeler Spread Across 40,000 Sq Ft for 3 Wheeler 1 Semi-automatic Assembly Line Annual Capacity Single Shift 1,20,000 Units PA for 2 wheeler A 2 wheeler Is Produced Every
Slide 8: Awards & Accolades
Awards & Accolades Best Electric Vehicle Manufacturing CEO - Mr. Yatin Gupte by M & A Global Awards The Economic Times Most Promising Business Leader Of Asia 2020 -2021 Investor Presentation 7
Slide 9: Awards & Accolades
Awards & Accolades Fastest Growing Brand Fastest Growing Leaders 2023 by Asia One 2023 by Asia One We are pleased to share Mr. Yatin Gupte, Chairman that our flagship brand, Joy and Managing Director of e-bike has been awarded Wardwizard Innovations & the Fastest Growing Brands Mobility Limited has
Slide 10: Major Events of Half Year Ended
Major Events of Half Year Ended Power Couple Saif Ali Khan and Kareena Kapoor Khan Join Hands as Brand Ambassadors of Joy e-bike. Investor Presentation 9
Slide 11: Major Events of Half Year Ended
Major Events of Half Year Ended Associated with Gramin Sevikas and UNDP to Deliver 200 Electric Two Wheelers, Building the Communities around Ranchi Airport. Investor Presentation 10
Slide 12: Major Events of Half Year Ended
Major Events of Half Year Ended Green Vehicle Expo 2023 Joy e-bike showcased its product lineup, including the Made in India Mihos, at the Green Vehicle Expo 2023 in Bangalore from June 28 to 29. The event featured industry leaders presenting products in Conversion Technology, Hybrid Vehicles, and E
Slide 13: Major Events of Half Year Ended
Major Events of Half Year Ended Established EV Centre of Excellence for Skill Development of Defence Personnel in Dogra Regimental Centre, Ayodhya Cantt in Faizabad, Uttar Pradesh. Investor Presentation 12
Slide 14: Wardwizard's EV Center of Excellence at ITI, Tarsali
Wardwizard's EV Center of Excellence at ITI, Tarsali Wardwizard Innovations & Mobility Limited Inaugurated one of the most unique EV Excellence Centers of India, "Wardwizard's EV Center of Excellence" at ITI Tarsali, Vadodara, Gujarat. The Center was inaugurated by Shri Harsh Sanghavi Minister of St
Slide 15: Management Overview
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Slide 16: Board of Directors
Board of Directors Sheetal Mandar Yatin Sanjay Gupte Sanjay Mahadev Gupte Bhalerao Chairman & Managing Executive Director Non-Executive – Non- Director Independent Director o Mr. Gupte currently serves as o Mr. Gupte currently serves as o Mrs. Bhalerao currently serves as Chairman and Managing Direc
Slide 17: Board of Directors
Board of Directors Lt General Jai Singh Nain Dr. John Joseph (Retd) Non-Executive Non - Executive Independent Director Independent Director o Lt. General Jai Singh, with 40 years o He has academic qualifications in in the Indian Army, has diverse M.V.Sc (Master of Veterinary leadership roles and edu
Slide 18: Board of Directors
Board of Directors Mrs. Rohini Abhishek Preyansh Bharatkumar Mr. Kamal Ashwinbhai Avishek Kumar Chauhan Shah Lalani Non Executive – Non Executive – Non Executive – Additional Non-Executive - Independent Director Independent Director Independent Director Independent Director o Mrs. Chauhan has a tota
Slide 19: Key Managerial Personnel
Key Managerial Personnel Jaya Ashok Bhardwaj Deepak Doshi Company Secretary Chief Financial Officer Compliance Officer o Ms. Bhardwaj currently serves as o Mr. Doshi currently serves as Company Secretary and Chief Financial Officer for Compliance Officer for Wardwizard. Wardwizard o Prior to becomin
Slide 20: Senior Management
Senior Management Tarun Kumar Sharma Sanjay Kumar Sablok Vineet Akre President- Marketing President-Operations Sr. Vice President of & Branding R&D & Production o Mr. Tarun Sharma was o Mr. Sanjay Sablok was o Mr. Akre currently serves as Senior appointed in Board Meeting appointed in Board Meeting
Slide 21: Senior Management
Senior Management Alok Jamdar Vilas Paturkar Sneha Shouche Vice President of 3 Wheeler head Chief Marketing Operations (Production) Officer o Mr. Jamdar currently serves as o Mr. Vilas is a competent o Mrs. Sneha Shouche, an MBA in Vice President of Production professional with an experience of Fina
Slide 22: Company Overview
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Slide 23: Product Portfolio: Low-Speed E-Scooters
Product Portfolio Low-Speed E-Scooters GEN NEXT NANU GLOB WOLF With a 60V 24Ah detachable Lithium-Ion battery Glob is available in black and rose gold. Lithium-Ion Stylish everyday commuter escooter. Dual shades: and a 250W DC hub motor, achieve speeds of 25 battery: 70km range, 4 hours charge. Whit
Slide 24: Product Portfolio: High-Speed E-Scooters
Product Portfolio High-Speed E-Scooters GEN NEXT NANU+ WOLF+ WOLF ECO GEN NEXT NANU ECO DELGO IoT-powered ESCooter, "Joy Wolf+ EScooter: Family- Eco-friendly ride reaching 46 Gen Next Nanu escooter: With a detachable 60V 36.4Ah EConnect", with geofencing, friendly with ample leg space. km/h, with a
Slide 25: Product Portfolio: Electric Motorcycles
Product Portfolio Electric Motorcycles MONSTER HURRICANE THUNDERBOLT Experience dynamic power with a 72V / 33Ah Like a storm that glides effortlessly through the Thunderbolt superbike hits 90km/hr speeds, Lithium-Ion battery and a 250 Watts DC Brushless city lights Hurricane is the superbike with ra
Slide 26: Product Portfolio
Product Portfolio BEAST E-MONSTER The ferocious Joy EBike Superbike, named "Beast", boasts impressive speed With a contemporary design that makes a “WOW” feeling and a thrilling and features. It dominates the road with a consistent 100km range. It is experience like never before. EMonster is a joy t
Slide 27: Product Portfolio Presence Across The Value Chain
Product Portfolio Presence Across The Value Chain Segment Models Performance Registration Market Segmentation Rural and Semi-Urban Low-Speed Electric Wolf Gen Next Nanu Low Speed Not Required Terrains Scooters Glob 16 – 25 years old High-Speed Electric E-Monster Beast Thunderbolt Hilly Terrains High
Slide 28: MIHOS
MIHOS MIHOS: It is designed and developed with Poly Battery DiCycloPentadiene (PDCPD) for Range Capacity additional durability and *130Km 74 V flexibility to absorb maximum impact on the road. Jet Black Glossy Matte White The new-age-high-speed electric scooter further comes with smart and Intellige
Slide 29: E-RIK
E-RIK Available colours Max Speed o Yellow 50 -55 Kmph o Blue Joy E-Rik falls under Range o White L5 passenger 80-85 Km o Green category. The three (Without Load) wheeler is designed and developed by the R&D team with IP67 rated prime focus on battery pack promoting Battery localization and Capacity
Slide 30: New Launches – E-Cart
New Launches – E-Cart E-Cart / Garbage Range Per Capacity Max Speed Charge 310 Kgs 25 Kmph 150-160 Km Power ARAI Vehicle Warranty 1.5 Kw Approved Battery – 36 months Product – 12 months Investor Presentation 29
Slide 31: New Launches – E-Loader
New Launches – E-Loader E Loader – L5 Combi Drum Regenerative IP 67 Rated Break Front & Braking Battery Pack Rear IOT Smart Max Speed Digital features 50 Kmph Cluster Investor Presentation 30
Slide 32: Revolutionize Your Ride with Joy E-Connect
Revolutionize Your Ride with Joy E – Connect Take Control of Your Ride with Joy E-Connect: Smart, Secure, and Connected! Investor Presentation 31
Slide 33: Increasing Dealer Network
Increasing Dealer Network 750+ Dealers Presence In 400 Cities In 19+ States & Union Territories 80,000 + Satisfied Customers 4 Zonal Offices 1 Branch Office 100+ Showroom Distributors Investor Presentation 32
Slide 34: 25+ Company Owned Retail Outlets
Company Owned Retail Outlets Joy e-bike Exclusive Showrooms are present 25+ different locations Investor Presentation 33
Slide 35: Highlights Of All The Events
Highlights Of All The Events MCCIA – Pune Business Jatra EV Expo -Kolkata April 2nd to 05th, 2022 November 11th & 12th, 2022 April 20th to 24th, 2022 EV Expo BIEC – Bangalore Bombay Exhibition Centre - Mumbai May 06th to 08th, 2022 May 26th to 28th, 2022 Investor Presentation 34
Slide 36: Highlights Of All The Events
Highlights Of All The Events Auto Expo – Shri Chhatrapati Advantage Maharashtra VCCI Expo – Noida Shivaji Art Festival Expo Aurangbad Vadodara January 11th to 18th, 2023 February 2nd to 5th, 2023 January 5th to 8th, 2023 January 27th to 30th, 2023 Media Test Drive of E-Rik Global Business Summit Tes
Slide 37: Taste Of Vadodara
Taste Of Vadodara Taste of Vadodara is Gujarat's Number 1 Music Festival and World's Longest Food Festival that takes place in Vadodara every year. This year the event took place from 5th May to 4th June, 2023. Joy e-bike was the Title Sponsor of the event. The recently launched electric two wheeler
Slide 38: Taste Of Vadodara
Taste Of Vadodara Investor Presentation 37
Slide 39: Highlights Of All The Events
Highlights Of All The Events Joy e-bike becomes the Official EV Partner of The Meena EV Show 2023 Aaj Tak G20 Summit Dubai, UAE Joy e-bike associated with the Aaj Tak G20 Summit as their official EV Joy e-bike partnered with "The MENA EV SHOW 2023, Gold Sponsor which Partner: The esteemed summit act
Slide 40: Engaging Marketing Techniques To Create Brand Awareness
Engaging Marketing Techniques To Create Brand Awareness At Auto Expo 2023 Investor Presentation 39
Slide 41: Engaging Marketing Techniques To Create Brand Awareness
Engaging Marketing Techniques To Create Brand Awareness Marketing in Indian Railways Investor Presentation 40
Slide 42: Stadium Branding
Stadium Branding Investor Presentation 41
Slide 43: Radio And OOH Activities At Showrooms
Radio And OOH Activities At Showrooms To provide marketing support to the upcoming Showroom Distributors, as per the new distributor model, we made provisions to support them with Radio Campaigns, Out of Home (OOH) and Branding Activities. These hoardings have strategically been placed at people- ce
Slide 44: TV Plan
TV Plan Investor Presentation 43
Slide 45: Festive Season
Festive Season Investor Presentation 44
Slide 46: Sponsorship
Sponsorship Fitisan , Vadodara Real Kabaddi League, Jaipur Thomso, IIT Roorkee, Uttarakhand 1 August 15,2022 2 September 21 to 30,2022 3 October 15, 16 and 17,2022 4 Vadodadra Marathon, Vadodara 5 LVP Heritage Garba, Vadodara January 8,2023 September 26 to October 5,2022 Investor Presentation 45
Slide 47: Sponsorship
Sponsorship Navratri Event 6 October 15 to October 24, 2023 India Tour of Ireland 7 August 18 to 23,2023 Investor Presentation 46
Slide 48: Film Festival (DPIFF) Awards 2023
Film Festival (DPIFF) Awards 2023 Investor Presentation 47
Slide 49: Industry Overview
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Slide 50: EV Mobility Global Market Overview
EV Mobility Global Market Overview Electric Vehicle Market Aims for $906.7 Billion with 10.07% CAGR by 2028 Revenue is expected to show an Revenue in the Electric Vehicles annual growth rate (CAGR 2023- market is projected to reach 2028) of 10.07%, resulting in a US$561.3bn in 2023. projected market
Slide 51: Industry Insights
Industry Insights What is Bharat Doing? The Indian government has planned US$3.5 billion in incentives over a five-year period until 2026 under a revamped scheme to encourage production and export of clean technology vehicles. Investment flow into EV start-ups in 2021 touched an all-time high, incre
Slide 52: EV Market Dynamics in India: A Comprehensive Overview
EV Market Dynamics in India: A Comprehensive Overview EV Sales Projection: EV Finance Industry Projection: - EVs are expected to grow at a CAGR of 45.5% from 2022 to 2030. - The EV finance industry is expected to reach Rs. 3.7 lakh crore (US$ 50 - Anticipated rise from 6,90,550 electric two-wheelers
Slide 53: EV Mobility Market Overview & Government Initiative In India
EV Mobility Market Overview & Government Initiative In India The Indian government is working to create an There is a need to set up proper charging infrastructure integrated EV mobility ecosystem with a low carbon for EVs in India, and various public sector firms, footprint and high passenger densi
Slide 54: Multi-Dimensional Growth Opportunity
Multi-Dimensional Growth Opportunity Macro Level Secular global shift towards electric vehicles India currently ranks among the smallest electric vehicle markets, but is also one of the fastest growing Micro Level Differentiated product portfolio with unparalleled distribution capabilities in rural
Slide 55: India's Electric Vehicle Market: Small but Mighty in Growth!
India's Electric Vehicle Market: Small but Mighty in Growth! Global Warming India is among the most polluted Growth in countries in the world; Domestic ranked fifth in world’s Pollution top polluted countries 97% of the overall Global temperature is vehicle sales in the rising every year; 19 out las
Slide 56: State Government Incentives To Promote EV Adoption
State Government Incentives To Promote EV Adoption State Gujarat and Delhi Kerala Maharashtra Manipur Odisha Assam Demand Generation Incentive: Up to ₹ 5,000/kWh up to ₹ 10,000/kWh up to ₹ 30,000 ₹ 10,000 for the first 2 Wheeler ₹ 10,000/kWh -- ₹ 1,50,000 for the first 15% up to ₹ 5,000 Purchase Inc
Slide 57: Growing Electric Vehicle Sales In India
Growing Electric Vehicle Sales In India EV 2 Wheelers EV 3 Wheelers In Nos 7,27,370 FY21 – FY23 CAGR by Segment Electric 2 Wheelers 303% Electric 3 Wheelers 60% 2,52,550 2,32,702 2-wheeled electric vehicles are the 1,72,543 fastest growing segment within India’s dynamic electric vehicle 90,898 marke
Slide 58: Electric Vehicles Are Becoming More Compelling
Electric Vehicles Are Becoming More Compelling Electric Vehicles vs. Internal Combustion Engines (ICE) EVs Are Simpler: EVs Are More Powerful: EVs Have Begun to Make Economic EVs have fewer components and live 3.5 EVs can offer full torque at zero RPM, Sense: times longer than ICE vehicles whereas I
Slide 59: External Drivers, Key Differentiator, Strategic KPIs and Goals
External Drivers, Key Differentiator, Strategic KPIs and Goals The EV industry's future looks promising due to supportive policy measures, climate change mitigation efforts, cost benefits, and expanding infrastructure. Policy Initiatives • Government offers EV tax credits, funds EV infrastructure, e
Slide 60: The Way Forward
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Slide 61: Future Growth Drivers
Future Growth Drivers Enhance Distribution Channel Strengthening Position In To Have PAN India Presence Strategy Key Markets New Product Launches Develop India’s First EV Double Dealership Network Cluster Capacity Expansion Improve Margins Exploring Export Opportunities Investor Presentation 60
Slide 62: Expanding Presence
Expanding Presence • Wardwizard Innovations and Mobility Ltd. will restructure its distribution-dealer model. They will establish 150 'Distributor Showrooms' at the district level to strengthen relationships with Taluka-level Dealers. • The company plans to promote high-performing taluka dealers to
Slide 63: Inauguration Of Distributor Showroom - Jaipur
Inauguration Of Distributor Showroom - Jaipur Wardwizard has expanded its network by inaugurating a new distributor showroom, Dreamz EV World, in Jaipur at Mangalam Radiance Airport Plaza. This will help to reshape distribution-dealer model, emphasizing stronger relationships with taluka- level deal
Slide 64: Inauguration Of Distributor Showroom - Jaipur
Inauguration Of Distributor Showroom - Jaipur Investor Presentation 63
Slide 65: In-house Battery Assembly Line
In-house Battery Assembly Line • Wardwizard has commenced the operations of a lithium-ion battery assembly line. • This assembly line has a capacity of 1 GWh/year and is part of Wardwizard's Phase 1 development under the 'Make in India' initiative. • Under the phased development plan of the EV ancil
Slide 66: EV – Ancillary Cluster
EV – Ancillary Cluster Acquired a 4 million The cluster will Signed MoU with Manufacturing partners sq. ft property for the consist of a R&D Gujarat Government The cluster will will be invited to co- cluster center and a for the investment of generate locate their production production center for ₹
Slide 67: Wardwizard Global PTE Ltd., Singapore
Wardwizard Global PTE Ltd., Singapore Wardwizard Global PTE Ltd, Singapore, wholly owned subsidiary of Wardwizard innovations & Mobility Ltd, incorporated in August 2022. With a strong vision, this Global Research & Development Centre aims to become a Centre of Excellence dedicated to Innovating nex
Slide 68: The Newly Developed GAJA Cells
The Newly Developed GAJA Cells At Wardwizard Global PTE. Ltd., we are constantly conducting Research and Development on Lithium-ion (Li-ion) cells, a critical component of modern energy storage solutions, powering a wide array of e-mobility applications. Wardwizard Global PTE. Ltd. and A&S Power, ha
Slide 69: Financial Overview
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Slide 70: Q2 FY24 Result Highlights
Q2 FY24 Result Highlights In ₹ Cr Particulars Q2 FY24 Q2 FY23 Net Sales 45.11 63.89 Other Income 0.02 0.09 Total Income 45.13 63.97 Expenses Raw Material costs 31.14 53.34 Employee Benefit Expenses 2.94 2.11 Other Expenses 5.20 3.93 Total Expenditure 39.28 59.38 EBIDTA 5.86 4.60 EBIDTA (%) 12.98 7.1
Slide 71: Key Financial Highlights
Key Financial Highlights In ₹ In % In % EPS Book Value ROE ROCE 18.76 3.41 19.52 12.53 2.38 14.50 1.28 6.62 8.79 0.35 0.36 0.10 FY21 FY22 FY23 FY21 FY22 FY23 FY21 FY22 FY23 In Times In Times In ₹ Cr Current Ratio Asset Turnover Ratio Net Worth 5.10 88.80 1.91 4.50 62.24 1.12 1.17 2.54 28.11 FY21 FY2
Slide 72: Profit & Loss Statement
Profit & Loss Statement In ₹ Cr In Nos Particulars FY21 FY22 FY23 FY23 Sales Volume Revenues 39.32 184.56 238.93 Other Income 0.05 0.58 0.36 36,500 Total Income 39.37 185.14 239.29 Raw Material Costs 31.83 158.54 192.01 30,761 Employee Costs 3.02 6.13 8.44 Other Expenses 1.41 5.99 19.27 Total Expend
Slide 73: Profit & Loss Statement
Profit & Loss Statement In ₹ Cr In ₹ Cr In ₹ Cr Revenue EBITDA Net Profit 19.57 9.47 238.93 8.48 14.48 184.56 FY 22 FY 23 FY22 FY23 FY22 FY23 Investor Presentation 72
Slide 74: Balance Sheet
Balance Sheet In ₹ Cr Equities & Liabilities FY21 FY22 FY23 Assets FY21 FY22 FY23 Equity 21.94 25.92 26.07 Non Current Assets Reserves 6.17 36.32 62.73 Fixed Assets 15.46 36.18 53.10 Net Worth 28.11 62.24 88.80 Other Non Current Financial Assets 3.82 2.96 0.14 Non Current Liabilities Other Non Curre
Slide 75: Annexures
Annexures Stock Information Shareholding Pattern As on 15-12-2023 As on 30-09-2023 BSE Code 538970 ISIN INE945P01024 Share Price (₹) 56.94 Market Capitalization (₹ Cr) 1,484.39 No. of Shares Outstanding 26,06,93,900 29.55 Face Value (₹) 1.00 52 Week High (₹) 74.20 52 Week Low (₹) 33.21 Corporate Act
Slide 76: Thank You
Thank You Mr. Deepak Doshi Mr. Milind Apte Chief Financial Officer President Survey No. 26/2, Opp. Pooja Farm, 713-B, Lodha Supremus II, Wagle Estate, Sigma College Road, Hanumanpura, Thane West – 400 604. Ajwa Road, Vadodara – 390019 (Gujarat) Email: info@kirinadvisors.com Email: cfo@Wardwizard.in