Ppap Automotive Limited · NSE:PPAP
Ppap Automotive — Q1 FY2021 Earnings Presentation
29 slides from Ppap Automotive's earnings presentation, August 2020
Slide 1: Investor Presentation Q1FY21
Investor Presentation Q1FY21 AUGUST 2020 PPAP Automotive Limited TAKING CHALLENGES, TOGETHER
Slide 2: Standalone Quarterly Financial Highlights (Q1FY21)
STANDALONE ………. QUARTERLY FINANCIAL HIGHLIGHTS (Q1FY21) ………. Revenue from Operations 92.05 103.57 17.62 • Revenue from Operations at ₹ 17.62 Cr. and Part Sales at ₹ 12.30 Cr. • PAT at ₹ (14.40) Cr. 0.56 0.79 • EBITDA at ₹ (12.40) Cr. 2.83 30.24 • EPS stood at ₹ (10.28) • Awards from Toyota for Quali
Slide 3: Our Evolution
OUR ………. EVOLUTION ………. Our Mission “TO BE A GLOBAL COMPANY WITH AN INSPIRING WORK CULTURE FOR SERVING CUSTOMERS AND THE SOCIETY BY EXCEEDING THE EXPECTATIONS OF ALL ITS STAKEHOLDERS” Certification of ISO 50001 Established Plant - V at Added Tata Motors as customer Established Plant - IV Vallam Vada
Slide 4: Who We Are
WHO ………. WE ARE ………. • Over 30 years of experience in Automotive Industry Rich Legacy • Identified as India’s leading manufacturer of Automotive Sealing Systems, Interior and Exterior Injection parts • Integrated operations from Print to Build Market Leadership • One stop shop for full range of Auto
Slide 5: Key Management
KEY MANAGEMENT ………. ………. Mr. Ajay Kumar Jain, Chairman & Managing Director Bachelor of Commerce from Shri Ram College of Commerce, Delhi University Associated with the Company since inception with experience of over 40 years in polymer processing industry and over 30 years in the automotive industry
Slide 6: Technology Partners
TECHNOLOGY ………. PARTNERS ………. NISSEN CHEMITEC CORPORATION, JAPAN TOKAI KOGYO CO. LTD., JAPAN Established: 1951 Established: 1947 Global Presence: USA, Thailand, Indonesia, Global Presence: USA, Thailand, Indonesia, China, Singapore Mexico, Vietnam AUTOMOTIVE EXTERIOR & SEALING PRODUCTS AUTOMOTIVE IN
Slide 7: Core Strengths
CORE ………. STRENGTHS ………. Leadership Position Strong Customer Base Strong R&D Facilities India’s leading manufacturer Leading OEM manufacturers in of Automotive Sealing Systems Capability from Design to Print Indian Market are customers State-of-the-art Access to Global Technology Healthy Financials
Slide 8: Strategic Growth Levers
STRATEGIC ………. GROWTH LEVERS ………. •Improve OEE (Overall Equipment Efficiency) Optimum utilization of Assets •International benchmarking •Our mantra “Every Paisa Counts” •Focus on cost optimization & operating leverage Continuous Improvement Levers of Optimization of sustainable of Operational Invest
Slide 9: Product Roadmap – Extrusion & Injection
PRODUCT ………. ROADMAP – EXTRUSION & INJECTION ………. Extrusion Injection 9
Slide 10: Product Roadmap – Our Comprehensive Product Offering
PRODUCT ………. ROADMAP – OUR COMPREHENSIVE PRODUCT OFFERING ………. UNDER HOOD PRODUCTS TOOLINGS IN CABIN PRODUCTS CAR ACCESSORIES PHONE & SUNVISORS PROTECTOR REAR TRAY SOCKET AND SEAT CUP HOLDER USB WITH HANDREST MONITOR HOOKS 10
Slide 11: Pan India Presence
PAN ………. INDIA PRESENCE ………. 7 Plants 4 Locations 2 JV Plants EXTRUSION FACILITIES Noida, Uttar Pradesh (Plant I & II) Vallam Vadagal, Tamil Nadu (Plant V) Viramgam, Gujarat (Plant VII) 1 3 1 INJECTION FACILITIES 1 Surajpur, Uttar Pradesh (Plant III) Pathredi, Rajasthan (Plant IV) 1 2 Viramgam, Guja
Slide 12: Customer Base & Export Countries
CUSTOMER ………. BASE & EXPORT COUNTRIES ………. RENAULT TS TECH Co.,Ltd. TOYOTA BOSHOKU DAIMLER CKD EXPORTS JAPAN USA Brazil Mexico Venezuela Thailand United Kingdom South Africa Argentina 12
Slide 13: Customer Base: Our Presence in New Models
CUSTOMER ………. BASE OUR PRESENCE IN NEW MODELS ………. CUSTOMER CONTRIBUTION OTHERS , 9.6% TWO WHEELER, 5.4% MSIL, 46.6% Tata Harrier Renault Triber Nissan Kicks MG Hector HYUNDAI, 0.2% TATA, 0.5% TKML, 4.6% Hyundai Verna New Hyundai Creta Vitara Brezza NISSAN , 10.0% S.Presso Glanza All New Ertiga HCIL
Slide 14: Competitive Edge – State of the Art Manufacturing Facility
COMPETITIVE ………. EDGE – STATE OF THE ART MANUFACTURING FACILITY ………. Plastic Rubber Injection Commercial PPAP’s Engineering Expertise Extrusion Extrusion Molding Tool Room PVC / TPO / PP MATERIAL EPDM & TPV MATERIAL PP / ABS / POM Size upto 1.2 meter 4 Locations; 11 Extrusion Lines 2 Locations: 3 Lo
Slide 15: Joint Venture & Subsidiaries
JOINT VENTURE & SUBSIDIARIES ………. ………. •Established in 2012 •50:50 Joint venture with Tokai Kogyo Co. Ltd. • Manufacturing facilities in Uttar Pradesh & Gujarat •Product line – EPDM Automotive Body Sealing and TPV Glass Run Channels • Established in 2019 • 100% wholly owned subsidiary • Product line
Slide 16: Customer Appreciation – Accolades
CUSTOMER ………. APPRECIATION - ACCOLADES ………. ACCOLADES PRODUCTIVITY (SME)- THE MACHINIST SUPER SHOPFLOOR AWARDS 2019 ZERO DEFECT SUPPLIES - TOYOTA KIRLOSKAR ACHIEVING TARGETS IN QUALITY - TOYOTA KIRLOSKAR APPRECIATION AWARD - HYUNDAI MOTOR INDIA LIMITED FIRST RUNNER UP AWARD IN NATIONAL LEVEL QUALITY
Slide 17: Financial Performance Snapshot
FINANCIAL PERFORMANCE SNAPSHOT
Slide 18: Quarterly Performance
QUARTERLY ………. PERFORMANCE ………. 16.6% 12.7% 13.4% 13.5% 9.8% 5.5% 5.4% 5.5% 6.3% 5.1% 4.5% 7.6% ₹ Cr. • Revenue from Operations stood at ₹ 17.62 Cr. in Q1FY21 v/s ₹ 92.05 Cr. in Q1FY20 -70.4% -81.7% -106.1% 92.05 85.29 79.14 103.57 17.62 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 *REVENUE FROM OPERATIONS EB
Slide 19: Major Expenses (₹ Cr.)
MAJOR ………. EXPENSES (₹ Cr.) ………. Materials Employee Benefits 64.7% 75.2% 59.3% 51.7% 52.8% 52.9% 19.2% 19.8% 19.5% 15.5% 47.61 45.02 41.85 61.47 11.40 17.66 16.91 15.43 16.06 13.26 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Value % to Revenue Value % to Revenue Other Expen
Slide 20: Interest & Earnings (₹ Cr.)
INTEREST & EARNINGS (₹ Cr.) ………. ………. INTEREST 3.3% EBITDA 16.6% 13.4% 13.5% 12.7% 15.24 10.85 10.62 14.03 0.9% Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 0.7% 0.8% 0.6% -12.40 -70.4% 0.65 0.65 0.68 0.66 0.58 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Value % to Revenue Value % to Revenue EBIT PAT 9.8% 7.6% 6.3% 5.
Slide 21: EPS, Book Value, Market Capitalization (BSE)
EPS, ………. BOOK VALUE, MARKET CAPITALIZATION (BSE) ………. EPS (₹) Net Worth 215.26 214.98 216.29 217.28 207.00 4.11 4.05 3.09 2.52 21.66 16.48 14.76 13.77 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 -0.63 -10.28 303.20 300.97 302.81 304.20 289.80 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 EPS TTM ₹ EPS ₹ Net Worth (₹ C
Slide 22: Key Ratios
KEY ………. RATIOS ………. Net Worth 9.6% Working Capital 11.3% 5.4% 7.7% 5.7% 293.59 5.6% 7.5% 4.7% 301.36 300.97 302.81 304.20 289.80 -19.9% 67.78 76.11 53.65 48.98 -22.4% 54.12 63.35 66.01 48.31 56.70 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Net Worth (₹ Cr.) RONW ROCE Work
Slide 23: Consolidated Summary
CONSOLIDATED SUMMARY ………. ………. EPS (₹) REVENUE AND PAT (₹ Cr.) 4.15 4.18 Q1FY20 Q4FY20 Q1FY21 -11.26 92.05 103.53 TTM EPS (₹) 5.80 4.94 17.68 Q1FY20 Q4FY20 Q1FY21 -15.76 21.75 13.00 -2.41 REVENUE FROM OPERATIONS (₹ Cr.) PAT (₹ Cr.) Q1FY20 Q4FY20 Q1FY21 23
Slide 24: Financial Performance Snapshot (FY2016-2020)
FINANCIAL ………. PERFORMANCE SNAPSHOT (FY2016-2020) ( ₹ Cr.) ………. Revenue from Operations 397.63 410.98 360.04 EBITDA 345.01 302.75 2.65 6.82 4.16 15.54 21.3% 39.86 2.13 18.8% 19.3% 2.33 30.44 39.84 17.2% 7.81 14.1% 388.62 355.12 310.41 318.07 292.61 52.06 66.61 84.88 77.20 50.74 FY 2016 FY 2017 FY 20
Slide 25: Financial Performance Snapshot (FY2016-2020) (₹ Cr.)
FINANCIAL PERFORMANCE SNAPSHOT (FY2016-2020) (₹ Cr.) ………. ………. Fixed Assets (Gross Block) 313.34 336.60 272.12 Working Capital 65.48 224.27 7.86 195.53 2.30 55.22 51.07 11.83 12.10 16.46 50.19 48.98 3.18 10.48 0.45 8.50 7.68 62.18 298.94 312.28 54.31 55.64 47.44 48.31 249.81 212.59 187.40 FY 2016 FY
Slide 26: Consolidated Financial Snapshot (FY2016-2020)
CONSOLIDATED ………. FINANCIAL SNAPSHOT (FY2016-2020) (₹ Cr.) ………. PAT Earning Per Share (Rs.) 28.08 24.10 9.9% 19.97 8.1% 8.2% 13.00 5.1% 10.02 4.4% 4.50 4.50 14.02 27.96 39.31 33.74 18.20 3.00 3.00 2.00 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 PAT PAT Margin EPS
Slide 27: Shareholding Pattern as on June 2020
SHAREHOLDING PATTERN AS ON 30 TH JUNE’ 2020 ………. ………. 0.3% 2.8% 1.6% Promoter 8.6% Individual Bodies Corporates 22.4% Foreign Corporates 64.3% Foreign Portfolio Investor (Corporate) Others MARKET CAPITALIZATION (BSE) ₹ 235.97 Cr. 27
Slide 28: Safe Harbor
SAFE HARBOR ………. ………. Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially f
Slide 29: Thank You
For further information please contact: Mrs. Sonia Bhandari PPAP Automotive Limited Ph: +91 120 2462552 / 53 Email: investorservice@ppapco.com Mr. Anupam Saxena 0 THANK YOU Consultant-Investor Relations Ph: +91 9999072800 Email: anupamsaxena1@gmail.com 29