Menon Bearings Limited · NSE:MENONBE
Menon Bearings — Investor Presentation (October 2022)
29 slides from Menon Bearings's investor presentation, Oct 4, 2022
Slide 1: Exchange filing cover letter for investor presentation
04th October, 2022 To, To, The Manager - DCS The Manager - Listing Department BSE Limited National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra-Kurla Complex, Mumbai– 400 001. Bandra (East), Mumbai- 400051. Scrip Code: 523828 Symbol: MENONBE Dear Sir
Slide 2: Menon Bearings Limited Investor Presentation – October 2022
Menon Bearings Limited Investor Presentation – October 2022
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Menon Bearings Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secur
Slide 4: About Menon Bearings
About Menon Bearings India’s Leading Bearing Manufacturer with Zero PPM Defects Catering to highly critical components: Bi-Metal Products -Division Alkop Division 3 plants in Kolhapur • Bearings • Bushes Aluminum Die-Cast Products 1 Office & Warehouse in Indianapolis, USA 4 • Thrust Washers Revenue
Slide 5: State of the Art Manufacturing Facilities
State of the Art Manufacturing Facilities In-House Design & Among the few companies to have Development facilities Strategically located manufacturing Warehouse & an Office in facilities to produce next generation facilities in Kolhapur, Maharashtra, Indianapolis, USA. parts through lead-free materi
Slide 6: Diversified Products: Bi-Metal Products
Diversified Products: Bi-Metal Products Bearings Bushes Thrust Washers • Bearings for Connecting Rods • Truncated bushes for connecting rods • Washers with Thrust Face Contours • Ball indented bushes • Bearings for Crank shafts • Ring Type Thrust Washers • Bushes for Connecting Rods • Flanged Bearin
Slide 7: Diversified Products: Aluminum Die-Cast
Diversified Products: Aluminum Die-Cast Aluminum products with wide range of applications Up to 4.5 Kgs./Piece High Pressure Aluminum Die Cast & Machined Component Up to 15 Kgs./Piece Gravity/ Tilt Gravity Aluminum Die Cast & Machined Components Applications Engines Compressors 2W/3W Oil & Gas Pumps
Slide 8: Current Capacities & Capex Plan
Current Capacities & Capex Plan Bi-Metals Capacity (in lakhs) Alkop Capacity (in MT) +12% +33% 456.00 1,440.00 Planned a capex of ₹ 30 Cr till FY25 on Plant 408.00 & Machinery of which 1,080.00 30% 70% for Bi-Metal Division to cater to be allocated to higher FY21 FY22 FY21 FY22 to increased market d
Slide 9: In-House Engineering & Development
In-House Engineering & Development In house Machine In-House Tool Room Building capability for faster Development 21 BFC Machines 200+ Special purpose (16 - 400 MT Capacity) machines Dedicated team of Experienced Engineers having Engineering Department to Design SPM, Tooling, In-house Tool Room cons
Slide 10: Quality Assurance
Quality Assurance Online & Quality at MBL is an online & continuous activity integrating people, communication, process continuous activity controls, designing, engineering, production & inspection departments Co-ordinate Measuring Comprehensive & Begins with an attitude we inculcate via comprehensi
Slide 11: Diversified Industry Application with growing Exports
Diversified Industry Application with growing Exports Revenue from Exports (Rs. in Crs) Exporting to24+ Countries & +44% plans to reach Africa & Latin America through large distributor network 53.2 Our office & warehouse in Indianapolis, USA has been helping to 36.9 serve customers in & around the r
Slide 12: Formidable Reach & Brand Equity in the After-Market
Formidable Reach & Brand Equity in the After-Market Products present at Retail field relationships build & 10,000+ nurtured for retail outlets across India over 2 decades Robust network of 1,000 dealers & distributors Strong marketing team of 40 executives across India trained to provide technical O
Slide 13: Diversified Marquee Clientele across Industries
Diversified Marquee Clientele across Industries Industry diversified revenue thereby reducing dependency on any Industry Engine & Commercial Vehicle (HCVs & LCVs) Tractors Electrical & Industrial Applications Exports No single customer contributes more than 10-12% of business The Brand Names mention
Slide 14: Customer Recognitions, Awards & Accolades
Customer Recognitions, Awards & Accolades Menon Bearings Limited 13
Slide 15: CSR & ESG Initiatives
CSR & ESG Initiatives Constructed an Auditorium at Gokul Shirgaon MIDC For promoting education & employment and enhancing vocational skills among children, working C professionals & women Financial Assistance provided S For promotion of rural sports & development of traditional arts & crafts For COV
Slide 16: Industry Growth Drivers
Industry Growth Drivers Inclement factors driving • Uptrend in per-capita income and breach of $2,450 level by FY23 will trigger auto demand demand and providing • Middle class segment to constitute ~62% of India’s population by FY25 and drive consumption growth tailwinds • India cementing its posit
Slide 17: EV Shift – Far From a Risk
EV SHIFT – FAR FROM A RISK Catering to HCV & Industrial Industries & Applications We cater to heavy segments like Mines, Tractors, LCV/HCV etc. which are less challenged from the EV Segment which will have low impact from change in shift to Electric Vehicles Long standing Relationship We enjoy stron
Slide 18: Experienced Board of Directors
Experienced Board of Directors Nitin Menon R. D. Dixit Arun Aradhye Executive Chairman Managing Director Whole Time Director & CFO Mr. Nitin Menon is an industrialist and Mr. Dixit has worked with the Menon Mr. Aradhye is associated with the has rich and varied experience in Group for more than 54 y
Slide 19: Financial & Operational Performance Q1FY23
Financial & Operational Performance Q1FY23
Slide 20: Revenue Break up – Product Wise
Revenue Break up – Product Wise Bimetal (Rs. in Crs) Alkop – Aluminum (Rs. in Crs) Total (Rs. in Crs) +27% +64% +34% 47.79 14.21 62.00 37.53 46.21 8.68 Q1FY22 Q1FY23 Q1FY22 Q1FY23 Q1FY22 Q1FY23 Bearings Q1FY22 Q1FY23 • Revenue from bimetal segment stood at Rs. 47.79 crs, a Alkop - Aluminum 19% growt
Slide 21: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit and Loss (in ₹ Crs) Q1FY23 Q1FY22 Y-o-Y Q4FY22 Q-o-Q Revenue from Operations 62.00 46.21 34.15 % 51.61 20.14 % Cost of Goods Solds 37.94 26.30 30.80 Gross Profit 24.06 19.91 20.83 % 20.80 15.67 % Gross Profit Margin 38.81 % 43.09 % 40.31 % Employee Cost 8.
Slide 22: Historical Financial & Operational Performance
Historical Financial & Operational Performance
Slide 23: Revenue Break up – Product Wise
Revenue Break up – Product Wise Bimetal (Rs. in Crs) Alkop – Aluminum (Rs. in Crs) Total (Rs. in Crs) +37% +18% +32% 150.67 44.73 195.40 37.98 109.89 147.87 FY21 FY22 FY21 FY22 FY21 FY22 Bearings FY 21 FY 22 • Revenue from bearing stood at Rs. 151 crs, a growth of Alkop - Aluminum 37% on Y-o-Y basis
Slide 24: Revenue Break up – Geography Wise
Revenue Break up – Geography Wise Bimetal (Rs. in Crs) Alkop – Aluminum (Rs. in Crs) Total (Rs. in Crs) +37% +18% +32% 150.67 44.73 195.40 37.98 109.89 147.87 97.47 32.10 128.38 23.38 36% 34% 72.98 34% 95.69 36.91 53.20 14.60 -9% 12.63 52.18 28% 67.02 44% FY21 FY22 FY21 FY22 FY21 FY22 Domestic Expor
Slide 25: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit and Loss (in ₹ Crs) FY22 FY21 Growth Revenue from Operations 195.40 147.87 32.14 % Cost of Goods Solds 83.38 52.63 Gross Profit 112.02 95.24 17.63 % Gross Profit Margin 57.33 % 64.41 % Employee Cost 28.81 25.18 Other Expenses 43.13 37.17 EBITDA 40.08 32.89
Slide 26: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (in ₹ Crs) Mar-22 Mar-21 Equity & Liabilities (in ₹ Crs) Mar-22 Mar-21 Non - Current Assets 79.78 83.44 Total Equity 111.97 98.72 Property Plant & Equipment's 78.71 80.08 Share Capital 5.60 5.60 Capital Work in Progress 0.00 1.11 Reserves & Surplus 106.37 93.11 Inve
Slide 27: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (in ₹ Crs) FY22 FY21 Net Profit Before Tax 24.47 18.92 Adjustments for: Non -Cash Items / Other Investment or Financial Items 9.68 10.09 Operating profit before working capital changes 34.16 29.00 Changes in working capital -9.94 -4.79 Net Cash from Opera
Slide 28: Key Takeaways
Key Takeaways Higher gestation in product approval cycle among suppliers due to technical nature of the products High Entry Land parcel available for future growth Barrier expansion in newer products segments to capture market growth No Capacity We build out own Tools and Constraint Machines which g
Slide 29: Thank You
Menon Bearings Limited CIN: L29130PN1991PLC062352 Mr. Arun Aradhye - Whole Time Director & CFO admin@menonbearings.in Thank You Strategic Growth Advisors Private Limited CIN: U74140MH2010PTC204285 Mr. Sagar Shroff / Ms. Saloni Soni sagar.shroff@sgapl.net / saloni.soni@sgapl.net +91 98205 19303 / +91
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