Slide 1: Earnings Presentation Q3 & 9M FY2023
Earnings Earnings Presentation Presentation Q1 FY2023 Q3 & 9M FY 2023 SPARK MINDA DISRUPT INNOVATE LEAD DISRUPT INNOVATE LEAD February 2023 www.sparkminda.com
Slide 2: Contents
SPARK MINDA DISRUPT INNOVATE LEAD Contents Quarter Updates Company Snapshot Q3 & 9M FY2023 Performance & Updates Strategic Pillars of Growth ESG, CSR and Awards
Slide 3: SPARK MINDA - Kaleidoscope
SPARK MINDA - Kaleidoscope Leading Automotive Component Supplier – Since 1958 16,000+ 9 WORKFORCE PARTNERSHIPS 34 PLANTS/OFFICES INR 3,554 crores 14 13 REVENUE* INDIA NORTH INDIA WEST 4 3 INDIA SOUTH ASEAN VISION To be a dynamic, innovative and profitable global automotive organization for emerging a
Slide 4: Global & Domestic Presence
Global & Domestic Presence Overseas 2 Manufacturing Facilities North (14 Plants) 1 Office Madhya Pradesh (1 Plant) Domestic Japan West (13 Plants) 27 Manufacturing Facilities 3 Design Office Vietnam South 2 Office Indonesia (4 Plants) Manufacturing Facilities Major automotive clusters in India Head
Slide 5: Highlights of Q3 & 9M FY2023 Performance
Highlights of Q3 & 9M FY2023 Performance Continued growth momentum with revenue growth faster than the market growth Double Digit EBITDA margin for tenth* straight quarters on sequential basis PAT stood at 52 crores with PAT Margin of 4.9% in Q3 FY23 Secured Marquee order of Wiring Harness for EV pl
Slide 6: Revenue Trend
Consistent and Sustainable Market Beating Profitable Growth Rs. million 45% • Revenue Trend Consistent and Faster than Industry growth : 1,010 1,147 1068 Sustainable Quarterly Operating Revenue of Rs. 731 738 1,068 crores with growth of 45% on 559 Market Beating Growth Y-o-Y basis Q1FY22 Q1FY23 Q2FY
Slide 7: One of India's Leading Automotive Component Company
One of India’s Leading Automotive Component Company Capital Market Information Revenue Rs. 2,976 cr (FY2022) (as on 31st December 2022) - Mechatronics BSE / NSE Ticker 538962 / MINDACORP - Information & Connected Systems Business Verticals - Plastics & Interiors Market Capitalisation Approx. Rs. 54,
Slide 8: Indian Automotive Industry Performance – Q3 & 9MFY23
Indian Automotive Industry Performance – Q3 & 9MFY23 9M FY23 Growth (Y-o-Y) Auto Industry Commentary (Production Volumes in Millions) 16.3% • Q3FY23 saw strong demand in PV Segment with new launches, robust festive demand and higher 13.3% 20.6 17.7 production. 15.1 13.3 • The weakness in rural deman
Slide 9: Revenue Breakdown – 9M FY2023
Revenue Breakdown – 9M FY2023 By Geography By End Market By Business Verticals* South East After Market, Passenger Europe & Asia, 8% Vehicles, 14% Mechatronics 12% North MIL, 16% + America, AfterMarket, 8% 6% 12% 47% 10% 16% 43% 22% Commercial 58% Vehicles**, 30% 50% 84% 2-3 Wheelers, Information In
Slide 10: Division Wise Revenue
Division Wise Revenue Q3 FY23 Q3 FY22 Others, Others, 17.6% Lockset, 14.8% 27.5% Lockset, DCD, 17.4% 34.6% DCD, 16.3% Clusters, 10.3% WH, 28.3% WH, 33.2% • Market Leader in 2W Lockset and Wiring harness business • Pioneer in Keyless Entry Solutions for 2W, Better control over quality in lockset with
Slide 11: Consolidated Performance – Q3 & 9MFY2023
Consolidated Performance – Q3 & 9MFY2023 (Rs. Crores) Q3FY23 Q3FY22 Y-o-Y (%) Q2FY23 Q-o-Q (%) 9MFY23 9MFY22 Y-o-Y (%) Operating Revenue 1,068 738 45% 1,147 (7%) 3,226 2,028 59% EBITDA 114 79 45% 124 (8%) 345 187 84% Margin (%) 10.7% 10.7% 10.8% 10.7% 9.2% Profit Before Tax (PBT) 72 50 44% 79 (10%)
Slide 12: Business Verticals Performance – Q3 & 9MFY23
Business Verticals Performance – Q3 & 9MFY23 Quarterly Commentary – Q3 FY23 vs Q3 FY22 Nine Months (in Rs. Cr) (in Rs. Cr) 531 547 Mechatronics and Aftermarket: Aftermarket Aftermarket Aftermarket Aftermarket Aftermarket and Others and Others 446 1,526 • The growth in revenue was supported by strong
Slide 13: Minda Enters into TLA with LocoNav India
Minda Enters into TLA with LocoNav India Telematics Features TLA (November 2022) Minda Corporation (india) LocoNav (India) OEM End-user Perspective Perspective Technology Partner for Telematics Software Extensibility, Live tracking COTA, FOTA & APIs About LocoNav Founded in 2015, LocoNav is an AI-dr
Slide 14: Expanding Manufacturing Footprint
Expanding Manufacturing Footprint Hosur Plant Greater Noida Pune Expanding footprint across divisions to come closer to customers Earnings Presentation Page 14 of 24
Slide 15: Strategic Pillars of Growth
SPARK MINDA DISRUPT INNOVATE LEAD Strategic Pillars of Growth
Slide 16: Strategic Pillars of Growth
Strategic Pillars of Growth Strategic Pillars of Growth Outcome ✓ Transform and become complete solution provider and partner of OEM’s Focus on Innovation and Enhancing the Core Technology ✓ Cost leadership in manufacturing and Thought Safety Security System | Wiring Harness | Instrument Cluster | D
Slide 17: Transforming Current Business Lines as per Technology Trends
Transforming Current Business Lines as per Technology Trends Vehicle Access Wiring Harness & Connectors Clusters & Sensors EV Low Power Electronics Intelligent & Smart Electrical Distribution Systems Connected & Safe Mobility EV Drive Train Large size TFT & Motor & Motor Battery Management Smart PEP
Slide 18: Electric Vehicle: Growth Opportunity
Electric Electric Vehicle: Vehicle: Growth Growth Opportunity Opportunity Most of our Products are Electric Vehicle Agnostic In INR Potential EV Kit Value 16,000-20,000 8,000-10,000 2,000-2,500 2,000-3,000 4,000-4,500 New Product Increase in Increase in under content in Legacy Content content in dev
Slide 19: Value Proposition
ValueProposition Value Proposition High value, Technologically advanced products; Global presence with 30 plants Cost leadership in Manufacturing and Thought leadership position in Technology Offering Advanced Technology products and system solutions in Light weighting, Active Safety, Connected, Ele
Slide 20: ESG, CSR and Awards
SPARK MINDA DISRUPT INNOVATE LEAD ESG, CSR and Awards
Slide 21: ESG Sustainability Framework
ESG Sustainability Framework Driving Long-term Value Creation Through the Integration of Sustainability Earnings Presentation Page 21 of 24
Slide 22: Corporate Social Responsibility – Q3 FY2023
Corporate Social Responsibility – Q3 FY2023 Diwali and Christmas Celebrations Celebration of “White Cane Safety Day” Community medical health check-up camps Meeting and celebrations with People with Of Dual Systems Training and Aakarshan Skill Disabilities (PwDs) at MCL SSD, Pune organized by Minda
Slide 23: Awards & Achievement – Q3 FY2023
Awards & Achievement – Q3 FY2023 Mechatronics, Aftermarkets & others division Information & Connected System division Total Group awards received in Q3 FY23 is 57 won 38 awards during Q3 FY23 won 19 Awards during Q3 FY23 from QCFI • Won Awards from various forum like 6 Customer Awards QCFI, ACMA, CI
Slide 24: Page 24 of 26
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 developments