Greaves Cotton Limited · NSE:GREAVESCOT
Greaves Cotton — Q4 FY2022 Earnings Presentation
23 slides from Greaves Cotton's earnings presentation, May 12, 2022
Slide 1: Cover letter: Investor Presentation to exchanges
GREAVES SINCE 1859 12th May, 2022 The Manager - Listing The Manager - Listing BSE Limited National Stock Exchange of India Limited BSE Code - 501455 NSE Code - GREAVESCOT Dear Sir/Madam, Sub: Investor Presentation In furtherance to our letter dated 9th May, 2022 and pursuant to Regulation 30 of SEBI
Slide 2: Recovery. Resilience. Resurgence. Q4 and Full Year FY2022 Earnings Presentation
RECOVERY. RESILIENCE. RESURGENCE. Q4 and Full Year FY2022 Earnings Presentation (May 2022) ENGINES RETAIL ELECTRIC MOBILITY
Slide 3: Q4 FY22 Highlights
Q4 FY22 Highlights Financial Overview Key Financial Highlights • GCL Standalone quarterly revenue of INR 379 Crore Revenue EBITDA PAT • Standalone EBITDA of INR 29 Crore; PBT of INR 32 Crore Rs. 621Cr Rs. 41 Cr Rs. 17Cr • Auto engines business reported sequential revenue growth of +19% y-o-y Margin:
Slide 4: Management Commentary
Management Commentary Nagesh Basavanhalli Highest ever Consolidated revenue in Q4 FY22 at Managing Director and Group CEO INR 621 Crore “ E-Mobility turns profitable during Q4 FY22 The consolidated Q4 results is a clear affirmation of our business strategy to E-Mobility (2W + 3W) registered sa
Slide 5: Greaves' Re-imagination Journey Gaining Pace
Greaves’ Re-imagination Journey Gaining Pace Growth rebounds riding on strong brand pull and efficiency improvements Quarterly Revenue Trend (INR Cr.) Covid Impact & Rapid Recovery 621 386 525 486 68 229 374 237 27 181 15 90 486 528 457 391 360 302 379 214 284 Q4FY17 Q4FY18 Q4FY19 Q4FY20 Q4FY21 Q1FY
Slide 6: Focus on Strong Cash Flow Management
Focus on Strong Cash Flow Management Operational efficiencies driving cash improvement Strong Balance Sheet with growing business footprint 416 Annualized savings in fixed overheads of INR 40+ Crore vs FY20 with 272 273 275 265 restructuring of business and consolidation of plants 205 As on Marc
Slide 7: Greaves Group Businesses - well diversified
Greaves Group Businesses - well diversified Q4FY22 Revenue – Rs. 621 cr NEW BUSINESS E-Scooters E-Rickshaw E-Auto Auto Non-Auto Multi-Brand EV Multi-Brand Consolidated Volume: Consolidated Volume: retail format service format 37k+ 25k+ units Enabling Businesses Financing Arm + Technology Arm FY22 IN
Slide 8: Future ready with Greaves Engines - Automotive Business
Future ready with Greaves Engines I. Automotive Business Wide range of Fuel-agnostic Powertrain solutions • Fuel agnostic powertrain solutions for small 3W commercial applications • Post removal of COVID restriction across country and back to normalcy situation, there is positive impact seen in Last
Slide 9: Future ready with Greaves Engines - Non-Automotive Business
Future ready with Greaves Engines II. Non-Automotive Business • Contributing to core sectors of the economy with diversified engine applications • Conformity to stringent safety standards UL, FM, TAC and NFPA 20 norms • Superior Agri products & solutions for boosting farm mechanization • Catering to
Slide 10: Greaves Retail - One-stop shop for 3S
Greaves Retail - One-stop shop for 3S India’s largest Multi-brand Electric One-stop shop for 3S requirements Vehicle Retail store A complete phygital experience for today’s new age customer Ensuring uninterrupted mobility with 200+ touchpoints FY22 INVESTOR’S PRESENTATION 9
Slide 11: One of the Fastest Growing E-Mobility Brand
One of the Fastest Growing E-Mobility Brand 170% growth Quarterly sales of Magnus EX 22k+ units; Highest revenue over Q4’21 last year Annual 51k+ contributor 37% 73% Increased Hi- Speed Vehicle FY21 FY22 Mix 63% 27% 30% 10% Lithium Ion Vs FY21 FY22 Lead Acid Ranipet Manufacturing facility with ~70%
Slide 12: Unlocking new milestone with Magnus EX
Unlocking new milestone with Magnus EX * Experience #NewAgeEnergy across our Customer touchpoints Based on Vahaan Portal Q4 FY’22 Data FY22 INVESTOR’S PRESENTATION 11 Note: Since its launch in Oct’21
Slide 13: New-Age experience for today's discerning EV Customer
New-Age experience for today’s discerning EV Customer Ampere Manufacturing Facility, Ranipet Ampere Experience Centre, Ranipet FY22 INVESTOR’S PRESENTATION 12
Slide 14: Strengthening of Business Expertise in Core Areas
Strengthening of Business Expertise in Core Areas • Enabled business with 14+ banks and finance institutions • Dynamic and technology driven global engineering services • Strong EV financing network in tier-II, tier-III and tier-IV cities and solutions company apart from metros with financing for bo
Slide 15: Financial Performance
Financial Performance Greaves Consolidated Result FY22 Segment Revenues (INR Cr.) Revenue EBITDA PAT 1% 621 520 31% Engine Aftermarket 48% E - Mobility Others 42 14 41 17 21% Q4 FY21 Q4 FY22 Greaves Standalone Result FY21 Segment Revenues 12% 0% 457 379 Engine 20% Aftermarket E - Mobility 47 24 29 O
Slide 16: Financial Snapshot
Financial Snapshot Particulars (Consolidated) Q4 Growth (%) Q3 Growth (%) Full Year Growth (%) (Rs. Cr.) FY22 FY21 Y-o-Y FY22 Q-o-Q FY22 FY21 Y-o-Y Income from Operations 621 520 19% 486 28% 1710 1500 14% RMC (%) 73.7% 71.5% 74.0% 73.6% 72.0% Employee Cost 42 39 45 170 142 Other Expenses 81 68 68 25
Slide 17: Segment Volumes
Segment Volumes Q4 Growth (%) Q3 Growth (%) Full Year Growth (%) Volumes (Units) FY22 FY21 Y-o-Y FY22 Q-o-Q FY22 FY21 Y-o-Y Auto Engines 15,068 29,665 (49%) 8,141 85% 41,302 94,658 (56%) Non-Auto Engines 10,401 13,673 (24%) 8,490 23% 39,370 43,599 (10%) Engines 25,469 43,338 (41%) 16,631 53% 80,672
Slide 18: Balance Sheet and Cash Flow Trend
Balance Sheet and Cash Flow Trend (Rs. Cr.) Mar-21 Sept-21 Mar-22 Strong Working Capital Management (INR Cr.) Cash & Cash Equivalent 277 279 438 150 Short Term Debt 4 11 64 Long Term Debt 0 4 169 93 Total Debt 4 14 233 41 Net Cash 273 265 205 27 4 Total Equity 783 735 749 Mar-20 Sep-20 Mar-21 Sep-21
Slide 19: In summary - Driving growth momentum
In summary - Driving growth momentum Annualized standalone savings of INR 40+ Cr. VS Launch of Experience Centre and increase in retail Cost Experience FY20. Restructuring of business and consolidation footprint is a testimony to company’s vision to Reduction Centre of plants led to operational effi
Slide 20: Sustainability at the Core
Sustainability at the Core ENVIRONMENTAL SOCIAL GOVERNANCE Green Approach ISO 45001 Zero Cases essential part of the Company’s culture Certified regarding unfair trade practices, irresponsible advertising and anti-competitive behaviour UN Sustainable Development Goals Honored with the title of Great
Slide 21: Awards and Recognition
Awards and Recognition Manufacturing Social Impact Automotive and Quality Promising Award 2021 by Hall of Fame Excellence Brands 2021 ACEF Asian Nov 2021 by 2021 by by ET Leaders ET Polymers Quantic FY22 INVESTOR’S PRESENTATION 20
Slide 22: 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 Greaves Cotton (“Greaves” or the Company) future business developments an
Slide 23: Thank You
STRONG BASE| SOUND FUNDAMENTALS| STABLE CASHFLOW AGILE STRUCTURE | POWERFUL PORTFOLIO| NEW PRODUCTS SOLID MANAGEMENT EXPERTISE | STRONG EXECUTION TASKFORCE MORE INCOME OPPORTUNITIES | MORE FASTER RETURNS | MORE TO LIFE GROWING BRANDS | GROWING RETAIL FOOTPRINT | GROWING CUSTOMER BASE THANK YOU REGIS