Slide 1: Minda Corporation Limited Q4 and Full Year FY2019 Earnings Presentation
Mechatronics Minda Corporation Limited (NSE: MINDACORP; BSE: 538962) Q4 and Full Year FY2019 Earnings Presentation Information & Connected Systems May 2019 Plastics & Interiors Instrument Clusters Sensors Wiring Harness Locks Door Handles Starter Motors Al & Zn Cutting Parts Plastic Component
Slide 2: Table of Contents
Table of Contents 1. New Logo and Business Verticals 2. Quarterly Updates ❖ Company Snapshot ❖ Industry at Glance ❖ Consolidated Performance ❖ Way Forward and Roadmap ❖ Awards and CSR 3. Annexure A Earnings Presentation 2
Slide 3: New Logo of Spark Minda & Introduction of Business Verticals
New Logo of “SPARK MINDA” & Introduction of Business Verticals Business Vertical 1 : Mechatronics Safety Security & Restraint System Business Vertical 2 : Information & Connected Systems Driver Information & Telematics System Business Vertical 3 : Plastics & Interiors Powered by Passion is our Brand
Slide 4: Quarterly Updates
Quarterly Updates Earnings Presentation 4
Slide 5: One of India's leading automotive component Companies with global footprint
One of India’s leading automotive component Companies with global footprint Diversified product portfolio, global customers, strong manufacturing, Revenue Breakdown FY2019 and advanced R&D with six decades of automotive experience By Geography By End Market Revenue Rs. 30,920 mn (FY2019) South After
Slide 6: Automotive Industry in India FY19
Automotive Industry in India FY19 Auto Industry Annual Growth Commentary 6.2% 5.8% 29.09 30.91 23.15 24.50 • Automobile industry in FY2019 was a story of two half, H1 0.1% FY2019 had a good growth across all segments whereas 24.2% 24.1% H2FY2019 was challenging 4.02 4.03 0.90 1.11 1.02 1.27 • During
Slide 7: Consolidated Performance
Consolidated Performance Q4 Q3 Full Year (Rs. Million) FY2019 FY2018 FY2019 FY2019 FY2018 Operating Revenue (net of excise) 7,714 7,205 7,690 30,920 25,934 Operating Revenue Growth 7.1% 0.3% 19.2% Other Income 68 88 127 355 163 EBITDA 821 818 548 2,923 2,729 Margin (%) 10.6% 11.4% 7.1% 9.5% 10.5% Pr
Slide 8: Consolidated Performance – Q4 FY2019
Consolidated Performance – Q4 FY2019 Commentary – Q4 FY2019 vs Q4 FY2018 7,205 7,714 Revenue • Revenues increased by 7.1% y-o-y in Q4 FY2019, driven by Mechatronics and Information & Connected System which were partially offset by de-growth in Plastics & Interiors Q4 FY2018 Q4 FY2019 • Mechatronics
Slide 9: Consolidated Performance – FY2019
Consolidated Performance – FY2019 Commentary – FY2019 vs FY2018 30,920 Revenue 25,934 • Revenues increased by 19.2% y-o-y basis and EBITDA margin reduced by 100 bps to FY2018 FY2019 9.5% in FY2019 • The revenue growth was driven by mainly Mechatronics and Information & Connected Systems which grew b
Slide 10: Business Verticals Performance (FY2019 vs FY2018)
Business Verticals Performance (FY2019 vs FY2018) Mechatronics and AfterMarket Information & Connected Systems Plastics & Interiors + 19.8% + 21.9% + 13.7% 14,356 6,206 10,358 5,458 11,982 8,495 FY18 FY19 FY18 FY19 FY18 FY19 Revenue 11,982 14,356 Revenue 8,495 10,358 Revenue 5,458 6,206 EBITDA Margi
Slide 11: Consolidated Leverage Position
Consolidated Leverage Position Particulars (Rs. mn) Mar 31st, 2018 Mar 31st, 2019 Net Worth 7,375 11,898 Long Term Borrowings 2,804 1,456 Short Term Borrowings 3,094 3,873 Current Maturities of Long Term Debt 1,334 1,477 Gross Debt 7,232 6,806 Less: Cash & Cash Equivalents 260 3,530 Net Debt 6,972 3
Slide 12: Business Updates – Q4 FY2019
Consolidated Performance Business Updates – Q4 FY2019 ▪ Merger Update: ▪ The Scheme of merger filed with NCLT Delhi and Bengaluru for merger of domestic wholly owned subsidiaries (WoS) into Minda Corporation (MCL) in process. Pursuant to direction of NCLT, meetings of shareholders; creditors already
Slide 13: Business Updates – Q4 FY2019 Order Wins
Consolidated Performance Business Updates – Q4 FY2019 ▪ Mechatronics : (In Q4 Lifetime order worth approx. Rs. 5,100 mn, YTD 18-19 Lifetime order worth approx. Rs. 26,500 mn) ▪ New order received for ‘Lockset’ from a globally leading 2W OEM (Lifetime business order of approx. Rs. 1,800 mn) ▪ Awarded
Slide 14: Way Forward
Way Forward… Context Response and Outlook India Mechatronics • Grow the Die-Casting Business through Export • Production cut by OEM’s to align with market • Adding new customer to gain Market share and premiumization of demand products to increase content per vehicle • Uncertainly of Pre-Buying in Q
Slide 15: Roadmap
Roadmap ▪ To Enhance Shareholders Wealth Group Target - By having a profitable growth better than Industry Focus Organic growth enhanced by: Inorganic growth: Revenue > Market Growth - Premiumization & Regulation - Adjacent Segment - Increasing content per vehicle - Focus on Technology and/or Focus
Slide 16: Awards and CSR
Awards and CSR Earnings Presentation 16
Slide 17: Awards/Recognition – Q4FY2019
Awards/Recognition – Q4FY2019 Minda SAI received appreciation award for delivery from Minda SAI, Murbad wins Silver Award for India Green MCL - Security System Division won the prestigious Quality Management India Yamaha Motor Pvt Ltd during Annual Supplier Meet, Chennai Manufacturing Challenge 2018
Slide 18: Corporate Social Responsibility – Q4FY2019
Corporate Social Responsibility – Q4FY2019 School Infrastructure Development Program Eye Healthcare Program in association with Helpage India TV 100 CSR Award for Women Empowerment across multiple cities Artificial Limb Fitment Camp, Maharashtra ’Sparkonnect’ - 4th Annual CSR Coordinators Meet CSR L
Slide 19: Annexure A
Annexure A Earnings Presentation 19
Slide 20: Competitive Strengths
Competitive Strengths WELL DIVERSIFIED customer base STRONG RELATIONSHIPS with and product portfolio major Indian and Global OEMs TECHNOLOGICAL COLLABORATION A LEADING PLAYER in several of its with global automotive component product segments in India manufacturers PROFESSIONALLY MANAGED STRONG IN-H
Slide 21: Strategic Focus – Growth Drivers
Strategic Focus – Growth Drivers Growth Drivers #1 #2 #3 #4 Technology Organic Operational Excellence • Upgradation of legacy • Increased content per Inorganic growth in products Vehicle through higher adjacent areas • New advanced customer engagement Quality Leadership offerings in non legacy • Exp
Slide 22: Diversified Product Portfolio
Diversified Product Portfolio Mechatronics Ignition Switch Cum Smart Key System Mechatronics Immobilizers Aluminium Die Casting Compressor Housing Steering Lock Handles System Alternator Starter Motor Electronic and mechanical security systems Die casting components Starter motors and alternators In
Slide 23: Key Customers
Key Customers 2-3 Wheelers Commercial & Off Highway Passenger Vehicles Other Market Vehicles Earnings Presentation 23
Slide 24: Product Portfolio – 2 Wheelers
Product Portfolio – 2 Wheelers SENSOR - FLS HANDLE MOUNTING ASSY IGN LOCK & SPEEDOMETER WIRING FT CAP HARNESS CYLINDER HEAD CONTROL CABLES BRAKING SENSOR SSPS SYSTEM PARTS STEP HOLDER PARTS SENSOR SENSOR SPEED OPS & TEMP SENSOR TPS Note: Representative products Earnings Presentation Information & Co
Slide 25: Product Portfolio – Passenger Vehicles
Product Portfolio – Passenger Vehicles WIRING NOZZEL SRC BATTERY TRAY HARNESS DEFROSTER LOUVERS SPEEDOMETER GLOVE BOX CUP HOLDER STRG COLUMN SHROUD ENGINE SYSTEM DOOR SASH (TURBOCHARGER PARTS) TAIL GATE ENGINE SYSTEM LATCH (ENGINE MOUNTING PARTS) EGT SENSOR AC COMPRESSOR PARTS TEMP SENSOR FUEL LEVEL
Slide 26: Product Portfolio – Commercial Vehicles
Product Portfolio – Commercial Vehicles WIRING HARNESS SPEEDOMETER PM / SOOT SENSOR TEMP SENSOR EGT & EGRT SENSOR PRESSURE SENSOR LOCKSET & DOOR HANDLES FUEL LEVEL SPEED OIL SUMP SENSOR SENSOR Note: Representative products Earnings Presentation Information & Connected Systems Mechatronics Plastics &
Slide 27: Product Portfolio – Tractors
Product Portfolio – Tractors EGRT SENSOR SPEEDOMETER STARTER MOTORS WIRING HARNESS ALTERNATORS PRESSURE SENSOR SPEED SENSOR FUEL LEVEL SENSOR OIL SUMP TEMP SENSOR Note: Representative products Earnings Presentation Information & Connected Systems Mechatronics Plastics & Interiors 27
Slide 28: Current Group Structure
Current Group Structure Promoter Share Holding Public & Other Share Holding 68.0% 32.0% MCL Listed Entity 100% 100% 25% Minda Automotive* Minda Furukawa Minda Europe BV 50% Minda Management* Minda Vast Access Minda KTSN 100% Minda Autoelektrik* 51% Minda KTSN Poland Minda SAI* Minda Stoneridge 100%
Slide 29: Manufacturing facilities strategically located globally
Manufacturing facilities strategically located globally providing support to OEMs North (12 Plants) Poland Madhya Germany Gujarat Pradesh (1 Plant) Czech Republic West Japan (11 Plants) Mexico Vietnam South (4 Plants) Indonesia Manufacturing Facilities Proposed Facility Offices Manufacturing Informa
Slide 30: Strategic Focus – Investing in Technology and Future
Strategic Focus – Investing in Technology and Future 1 Increased electronic content per vehicle and technological advanced products in non legacy product business: EGT/EGRT Sensors, Connected Cars / Connected Mobility / Telematics, PM Sensors / Soot, Control Cables, RPAS ISG Systems, Body Control Mo
Slide 31: Board of Directors
Board of Directors Eminent and Experienced Board of Directors Mr. Ashok Minda Chairman and Group CEO Mr. Sudhir Kashyap Mr. R. Laxman Executive Director & CEO Director & Group President, Finance Mr. Avinash P. Gandhi Mr. Rakesh Chopra Mr. Ashok Kumar Jha Ms. Pratima Ram On the Board of Lumax On the
Slide 32: Thank You
Thank You 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 de