Slide 1: Exchange filing cover letter
January 15, 2025 The Officer-In-Charge (Listing) Head - Listing Operations, Listing Department BSE Limited, National Stock Exchange of India Ltd., P.J. Towers, Dalal Street, Fort, Exchange Plaza, Bandra Kurla Complex, Mumbai – 400 001 Bandra (East), Scrip Code: 538962 Mumbai - 400 051 Scrip Code: MI
Slide 2: Minda Corporation Business Updates
Minda Corporation Business Updates January 2025 w w w. s p a r k m i n d a . c o m
Slide 3: Driving Innovation through Strategic Investment
Driving Innovation through Strategic Investment Page 2
Slide 4: Strategic Partnership in Line with Our Strategy
Strategic Partnership in Line with Our Strategy Our Vision Electric Vehicle Mobility is the Fastest Growing opportunity Be a Dynamic, Innovative and Profitable global automotive organization to emerge as the Complete System solution offering in Electric preferred supplier and Vehicles across Segment
Slide 5: EV Penetration across segments by 2030
EV Penetration across segments by 2030 Page 4
Slide 6: Flash Electronics at a Glance
Flash Electronics at a Glance Overall Revenue FY21-25 (INR CR) ₹ 1590 Cr 17% 08 2,500+ 1590 FY25E Revenue Revenue CAGR Manufacturing Plants Workforce +17% 1340 1211 Business Electrical & Electronics Powertrain components 1014 Verticals 841 772 150+ Certification Bespoke H1FY25 IATF 16949 Engineering
Slide 7: Flash Electronics – Key Metrics
Flash Electronics – Key Metrics Flash Electronics is a leading manufacturer of Powertrain & EV Components to key automotive OEMs in India & overseas. Financial & Other Highlight (FY24) Revenue EBITDA EBITDA (%) Free Cash Flow RoCE Rs. 1340 Crs Rs. 185 Crs 13.8% Rs. 120 Crs 22% By Geography By End Ma
Slide 8: FLASH : ICE Product Range
FLASH : ICE Product Range 01 Starter motor Ignition coil Magneto CDI Spark Plug Cap Throttle Body Thermostat valve Flasher Flash Electronics 02 ICE Segment Ignition coil Wiper motor Thermostat valve Alternator EGR Controller EGR value CDI Magneto Spark plug cap Product 03 Immobilizer Radiator Fan HV
Slide 9: FLASH : EV Product Range
FLASH : EV Product Range 01 EV Traction Motor IDU Mid Drive Motor MCU Telematic Control unit VCU cum BCM BLDC Motors Primary Gear 02 IDU Mid Drive Motor BLDC Motor with Fan Assy Wiper Motor DC-DC Converter Flash Electronics 03 EV Products EV Motors Invertors Radiator Fan Motor BLDC Motor Wiper Motor
Slide 10: Combined Solutions for EV
Combined Solutions for EV Motor Controller Unit EV Kit Value -2W HV Wiring Harness EV Traction Connection System Offered Products Kit Value Motor By (in INR) MCL • Off Board Battery Charger 12,000-15,000 DC-DC Converter Telematic • DC-DC Converter Control unit • Charging Gun • High Voltage Wiring Ha
Slide 11: Transaction Matrix
Transaction Matrix ❑ The Transaction is valued at the Enterprise Value of INR 31 Billion (Equity Valuation INR 28 Billion) ❑ Minda Corporation will acquire a 49% stake in Flash Electronics ❑ This will be an all Cash Deal ❑ The Deal does not required any regulatory approval and closing likely by 31 J
Slide 12: Creating Value Together
Creating Value Together • Strategic Partnership with Flash Electronics o Adjacent Product Portfolio – Body electronics' and Powertrain electronics o Significant player in the EV Powertrain landscape, offering complete system solution across vehicle segments o Customer, Capability and Capacity centri
Slide 13: Disclaimer
Disclaimer This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Minda Corporation Limited (“Minda Corp” or the Company) future business d