Talbros Automotive Components Limited · NSE:TALBROAUTO

Talbros Automotive Components — Q1 FY2025 Earnings Presentation

30 slides from Talbros Automotive Components's earnings presentation, Aug 7, 2024

  1. Slide 1: Talbros Automotive Components Ltd. exchange filing cover letter

    talb r@l Talbros Automotive Components Ltd. www.talbros.com 7" August, 2024 Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C-1, G Block Dalal Street Bandra Kurla Complex, Bandra (East) Mumbai — 400 001 Mum

  2. Slide 2: Q1 FY25 Investor Presentation

    Q 1 F Y 2 5 I NV ESTOR P RESENTATION August 2024

  3. Slide 3: Talbros Automotive Components Ltd (TACL) - Group

    Talbros Automotive Components Ltd (TACL) - Group Product Portfolio Entities TACL Group Turnover*(Rs. Crs.) Q1 FY24 Q1 FY25 Gaskets & Heat TACL Standalone 122 133 Shields Forgings TACL Standalone 64 77 Q1 FY24 Q1 FY25 273 310 Chassis 69 Marelli Talbros Chassis Systems Pvt Ltd 57 + 14 % Components Ant

  4. Slide 4: Q1 FY25 Consolidated Performance Highlights

    Q1 FY25 Consolidated Performance Highlights Total Income from Operations^ EBITDA^ Profit After Tax* 15.0% 16.5% 9.4% 9.9% +13% 209.2 +24% +18% 185.3 34.6 20.6 27.8 17.4 Q1FY24 Q1FY25 Q1FY24 Q1FY25 Q1FY24 Q1FY25 Rs. Crores ^ Includes Other Income * Excludes Exceptional Gains 3

  5. Slide 5: Revenues and EBITDA by segment

    Q1FY25 Consolidated Performance Highlights Gasket & Heat Forgings MTCS TMR Shield +9% +21% +21% +4% 132.7 76.5 69.0 30.0 31.3 Revenues 121.8 63.5 56.8 Q1FY24 Q1FY25 Q1FY24 Q1FY25 Q1FY24 Q1FY25 Q1FY24 Q1FY25 +28% +19% +42% -2% 21.2 13.4 9.9 2.8 2.8 11.3 EBITDA 16.6 7.0 Q1FY24 Q1FY25 Q1FY24 Q1FY25 Q1F

  6. Slide 6: Across varied segments: domestic and market breakup

    Across varied segments… 11% 13% 13% 16% Domestic Breakup* 22% 19% 13% 2 & 3 Wheelers 10% 12% Passenger Vehicle FY23 FY24 Q1 FY25 HCV & LCV Agri & Off Loaders 24% 35% Others 26% 28% 34% 23% 8% 9% 9% 4% 4% 3% Breakup (Type of OEM Market)* Exports 25% FY23 25% FY24 27% Q1 FY25 After Market 63% 63% 61%

  7. Slide 7: Strong Balance Sheet

    Strong Balance Sheet Return on Capital Employed (RoCE) Return on Equity (RoE) Debt / Equity 20.4% 20.2% 0.29 16.5% 16.3% 16.6% 0.24 16.3% 0.16 FY22 FY23 FY24 FY22 FY23 FY24 Mar-22 Mar-23 Mar-24 RoE = PAT / Avg. Equity ; RoCE = EBIT / Avg. Capital Employed (Equity + Total Debt) (Excl proceeds from sa

  8. Slide 8: New Multi year orders secured in FY24 and Apr-24

    New Multi year orders secured in FY24 and Apr-24 Execution of Below Order Book to be implemented from FY25 July 2023 November 2023 April 2024 Received new multi year orders Received new multi years orders Received new multi years orders worth ~Rs 400 crores from worth ~Rs. 580 crores from both, wort

  9. Slide 9: Q1 FY25 Consolidated Profit & Loss Statement

    Q1 FY25 Consolidated Profit & Loss Statement Particulars (Rs. In crores) Q1FY25 Q1FY24 Y-o-Y Revenue from Operations 204.3 182.8 12% Other Income 4.9 2.5 Total revenue from Operation 209.2 185.3 13% Raw Material 111.5 100.7 Employee Cost 23.4 20.1 Other Expenses 39.7 36.6 EBITDA 34.6 27.8 24% EBITDA

  10. Slide 10: Hedged Portfolio

    Hedged Portfolio… Q1 FY25 - Revenue Contribution TMR Segments Product Portfolio Market Exposure 10% Heatshields ▪ Gaskets ▪ 2 Wheelers ▪ OEMs 3% ▪ Heat Shields ▪ 3Wheelers ▪ After Market MTCS 22% ▪ Passenger Vehicles ▪ Forgings ▪ Exports Forgings ▪ Commercial Vehicles ▪ Chassis Systems ▪ Others 25%

  11. Slide 11: Having Diversified Customer base - Top Customers

    Having Diversified Customer base - Top 10 Customers FY24 Q1 FY25 01 Maruti Suzuki India 14% 01 Maruti Suzuki India 15% 02 TATA Motors 9% 02 TATA Motors 9% 03 Bajaj Auto 6% 03 Jaguar Land Rover 9% 04 Jaguar Land Rover 6% 04 Bajaj Auto 7% 05 TATA CUMMINS 6% 05 TATA CUMMINS 7% 06 HERO MOTOCORP 5% 06 BM

  12. Slide 12: Gasket Business

    Gasket Business ▪ ~50% Market share in Gaskets 3x the nearest competitor Total Income ▪ Market Leader in – Two-Wheeler, Agri & Off Loaders, HCV & LCV 515 segment 433 382 ▪ Single Source Supplier for 5 of our customers 265 287 ▪ Signed up exclusive contract with SANWA for Light Weight Aluminium Heat

  13. Slide 13: Forgings Business

    Forgings Business ▪ One stop solution for Hot Forging (750 to 2,500 Ton Press) Total Income ▪ Strong presence in Overseas Market & Supplier to Top Tier I companies ▪ One Stop Solution for Die Design, Machine parts and Heat treatment 277 (Normalizing and Carbohydrizing) 220 204 ▪ Moving towards heavi

  14. Slide 14: Strong Global Partnerships - Joint Ventures

    Strong Global Partnerships - Joint Ventures Marelli Talbros Chassis Systems Pvt Ltd (MTC) Talbros Marugo Rubber Pvt. Ltd. (TMR) ✓ Magneti Marelli S.p.a (Milano) - A Fiat group company with annual ✓ Marugo Rubber Industries Ltd (Japan) - Global leader in supply of revenue of over € 6 Bn Anti-Vibratio

  15. Slide 15: Venturing into EV

    Venturing into EV FORGINGS o Marelli Talbros is working on new RFQ’s for several Supplying parts for Plug-in hybrid Indian and global OEM’s for supporting Electric Vehicles to OEMs globally development of future EV’s o Marelli Talbros Supplies Critical Suspension Components to EV’s Increased Focus o

  16. Slide 16: JV's Performance Highlights - Total Income from Operations

    JV’s Performance Highlights - Total Income from Operations Marelli Talbros Chassis Systems Talbros Marugo Rubber 260.2 122.7 209.6 84.8 164.6 136.8 124.3 54.7 45.8 41.0 69.1 31.3 FY20 FY21 FY22 FY23 FY24 Q1 FY25 FY20 FY21 FY22 FY23 FY24 Q1 FY25 4% 47% 17% 77% 6% 49% OEM Exports Others OEM Exports Ot

  17. Slide 17: Capex Plans - TACL

    Capex Plans - TACL Addl. Capex to reach Utilization Levels (FY24) Revenues of FY27e Gasket & Heat Shield 85% Rs. 50 Crores To be funded by Internal Accruals Capex of Rs. 25-30 Crs. Forgings 80% Rs. 60 Crores per annum Marelli Talbros Chassis Systems* 75% Rs. 80 Crores These amounts will (MTCS) be fu

  18. Slide 18: Talbros 2.0 - The Way Forward

    Talbros 2.0 – The Way Forward Increased Export Increased Comfortable Debt Higher Returns Sales Margins Profile 25% in FY23 EBITDA Margins Total Debt to to increase from RoCE to increase to remain under ~14% to to 20% + going 35% + in ~15-16% by Rs. 100 ahead FY27e crores FY27e D R I V I N G F U T U

  19. Slide 19: About Us - One of the Most Hedged Auto Component Players

    About Us Over 6 Decades of experience in Auto Component manufacturing Diversified Auto Component Player Across Two Wheelers, PVs, CVs Off -Highway and Farm Equipments One of the Electric Vehicles – Supply to EV’s (Major OEM’s globally) Most Hedged Diversified Product Portfolio – Gasket & Heat Shield

  20. Slide 20: Leadership Team driving Growth & Profitability

    Leadership Team driving Growth & Profitability Anuj Talwar – Joint Managing Director Is a Bachelor in Business Administration from college of William & Mary, Virgina, USA and Master of Business Administration from Boston University Graduate School of Management. He has been associated with the Compa

  21. Slide 21: Strong Board of Directors

    Strong Board of Directors Mr. Naresh Talwar Mr. Umesh Talwar Mr. Varun Talwar Mr. Anuj Talwar Mr. Navin Juneja Mr. Vidur Talwar Chairman Vice Chairman & MD Joint Managing Joint Managing Director & Group CFO Non-Executive Director Director Director Mr. Deepak Jain Mr Anil Kumar Mehra Mr. Amit Burman

  22. Slide 22: Executive Management

    Executive Management Mr. Manish Khanna Mrs. Seema Narang Chief Financial Officer Company Secretary A Qualified CA and MBA, he has over 18 years of experience with LeeBoy India She has over 30 years of experience in the secretarial department and has worked with Constructions, Doosan Infracore, Escor

  23. Slide 23: Scope of Joint Ventures

    Scope of Joint Ventures Rear Twist Beam Axle Fuel Hose Strut Mount Steering Bush Front Cross Members Engine Mount Suspension Arms Bush Wheel Group + Corner Module Air Hose Control Arms Knuckles Exhaust Hanger MMT MMT TMR TMR Existing Business Planned for Future Existing Business Planned for Future 2

  24. Slide 24: Evolving Product Portfolio

    Evolving Product Portfolio JV with Marugo Evolution Rubber Continues... Revenue FY07 JV with Magneti Marelli Hoses Hoses TA with SANWA Anti Vibration Anti Vibration Gasket 100% Acquired Sheet Metal, Products Products Entry into Forgings, JV with NLK - Gaskets Chassis Systems Chassis Systems Chassis

  25. Slide 25: Hedged Customer Base

    Diversified Customer - OEM 2 Wheeler Passenger Hedged Customer Base HCV/LCV Agri & Off Loader Agri & Off Loader 24

  26. Slide 26: Customer Awards for Best Performances

    Customer Awards for Best Performances Appreciation Award for Response to New ACMA Atmanirbhar Award from Jaguar Land Rover Quality improvement Overall Performance to Product Development Excellence Awards for Gasket Business 2022 contest award – MTCS - 2023 2023 2022 Kirloskar Oil Engines Ltd 2021 JL

  27. Slide 27: Historical Consolidated Profit & Loss Statement

    Historical Consolidated Profit & Loss Statement Particulars (Rs. Crores) FY24 FY23 Revenue from Operations 778.3 647.2 Other Income 12.6 6.2 Total revenue from Operation 790.9 653.4 Raw Material 422.5 351.1 Employee Cost 81.1 70.7 Other Expenses 160.0 138.1 EBITDA 127.2 93.5 EBITDA Margin 16.1% 14.3

  28. Slide 28: Historical Consolidated Balance Sheet

    Historical Consolidated Balance Sheet ASSETS (Rs. Cr.) Mar-24 Mar-23 EQUITY AND LIABILITIES (Rs. Crs.) Mar-24 Mar-23 Non-current assets Equity Property, plant and equipment 209.0 168.0 Equity Share capital 12.3 12.3 Capital work in progress 7.3 4.8 Other equity 524.8 355.2 Investment property 2.7 2.

  29. Slide 29: Historical Consolidated Cash Flow Statement

    Historical Consolidated Cash Flow Statement Particulars (Rs. Crores) FY24 FY23 PBT 146.7 70.3 Adjustments -23.5 22.1 Operating profit before working capital changes 123.2 92.4 Changes in working capital -33.7 -20.5 Cash generated from operations 89.4 71.9 Direct taxes paid (net of refund) -22.7 -15.

  30. Slide 30: THANK YOU!

    THANK YOU ! For further information, please contact: Company : Investor Relations Advisors : Talbros Automotive Components Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: L29199HR1956PLC033107 CIN: U74140MH2010PTC204285 Ms. Seema Narang Mr. Deven Dhruva/ Mr. Deep Hemani seema_narang@talbros.com deven.

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