Cie Automotive India Ltd · NSE:CIEINDIA
Cie Automotive India — Mahindra CIE Automotive — Q1 CY2023 Earnings Presentation
28 slides from Cie Automotive India's earnings presentation, Apr 25, 2023
Slide 1: Exchange filing cover letter – Investor Presentation Q1 CY2023
Mahindra CIE Automotive Limited Suite F9D, Grand Hyatt Plaza (Lobby Level), Off Western, Express Highway, Santacruz (E), Mumbai - 400 055, India Tel: +91 22 62411031 Fax: +91 22 62411030 www.mahindracie.com mcie.investors@cie-india.com SEC/2023/72 25th April, 2023 BSE Limited National Stock Exchange
Slide 2: Q1 CY2023 Results
Q1 CY2023 Results 25 April 2023 I MUMBAI
Slide 3: Disclaimer
Mahindra CIE Disclaimer Mahindra CIE Automotive Limited, herein referred to as MCAL provides a wide array of presentations and reports, with the contributions of various professionals. These presentations and reports are for informational purposes and private circulation only and do not constitute a
Slide 4: Overview
T OVERVIEW CIE Automotive
Slide 5: Legal Structure
OVERVIEW LEGAL STRUCTURE CIE through it’s subsidiaries M&M 3.19% 65.71% 100% 100% 100% 99.99% 100% 100% BF Bill Forge Stokes Aurangabad CIE Galfor Precision de Mexico CIE Hosur Group Electricals S.A. Private S de RL de Limited Limited Limited* Limited CV 100% 100% 99.96% 100% CIE UAB ClE LT CIE Lega
Slide 6: Q1 CY2023 Results
2 QI CY2023 RESULTS CIE Automotive
Slide 7: MCIE India Q1 CY2023 Results
MCIE INDIA Q1 CY2023 RESULTS FINANCIAL UPDATE MARKET UPDATE (₹ Mn) JAN-MAR 2023 CHANGE JAN-MAR 2022 OCT-DEC 2022 JAN_MAR 2023 JAN_MAR 2023 v/s v/s SALES 13,541 13% 12,022 13,418 JAN_MAR 2022 OCT-DEC 2022 <6T 9.4% 11.7% EBITDA* 2,267 25% 1,812 2,485 MHCV -8.8% 13.3% EBITDA% 16.7% 15.1% 18.5% Tractors
Slide 8: MCIE Europe Q1 CY2023 Results
MCIE EUROPE Q1 CY2023 RESULTS FINANCIAL UPDATE MARKET UPDATE (₹ Mn) JAN-MAR 2023 CHANGE JAN-MAR 2022 OCT-DEC 2022 JAN_MAR 2023 JAN_MAR 2022 SALES 9,666 28% 7,533 7,322 v/s v/s JAN_MAR 2022 OCT-DEC 2021 EBITDA* 1,699 55% 1,099 1,062 <6T 17.5% 7.4% EBITDA% 17.6% 14.6% 14.5% EBIT* 1,423 67% 853 834 Sou
Slide 9: MCIE Consolidated Q1 CY2023 Results
MCIE CONSOLIDATED Q1 CY2023 RESULTS FINANCIAL UPDATE (₹ Mn) JAN-MAR 2023 CHANGE JAN-MAR 2022 OCT-DEC 2022 SALES 23,206 19% 19,555 20,740 EBITDA* 3,966 36% 2,912 3,547 EBITDA% 17.1% 14.9% 17.1% EBIT* 3,141 43% 2,191 2,777 EBIT% 13.5% 11.2% 13.4% EBT* 2,904 35% 2,155 2,702 EBT% 12.5% 11.0% 13.0% (*) E
Slide 10: Other Details
OTHER DETAILS OTHER OPERATING REVENUE, OTHER INCOME AND EXCHANGE RATES FOR Q1 CY2023 (₹ Mn) INDIA EUROPE CONSOLIDATED Other Operating Revenue 908 288 1,196 Other Income 95 65 160 EXCHANGE RATES PERIOD ₹/ € Average for Q1 CY23 88.24 As on 31 MAR 2023 89.40 9
Slide 11: Market Update
6 MARKET UPDATE CIE Automotive
Slide 12: India Market: Key Segments Update - Quarterly
INDIA MARKET: KEY SEGMENTS UPDATE - QUARTERLY MARKET PRODUCTION NUMBERS <6T Vehicles** MHCV Tractors Two Wheelers PERIOD Mio Units Δ% Units Δ% Units Δ% Units Δ% Q1 CY2023 1.38 9.4 100,154 -8.8 257,455 34.7 4,369,321 -3.0 Q4 CY2022 1.23 17.9 89,398 4.0 224,671 28.7 4,604,786 0.5 Q3 CY2022 1.38 37.3 8
Slide 13: Market Outlook - India
MARKET OUTLOOK - INDIA • Passenger Vehicles ₋ Light Vehicles (less than 6 Tons – European Classification) Short Term: IHS forecasts production growth at a 7.8% between CY2022-CY 2023 Long term: IHS forecasts production growth at a CAGR of 3.0% over a period of 2023-2028 • MHCVs: Short Term: IHS fore
Slide 14: Europe Market: Key Segments Update - Quarterly
EUROPE MARKET: KEY SEGMENTS UPDATE - QUARTERLY MARKET PRODUCTION NUMBERS <6T Vehicles PERIOD Million Units Δ% Q1 CY2023 4.48 17.5 Q4 CY2022 4.18 7.1 Q3 CY2022 3.52 21.1 Source: IHS Global Δ % - means comparison of Quarter volumes of this financial year with that of the same quarter of the previous f
Slide 15: Market Outlook - Europe
MARKET OUTLOOK - EUROPE • EU – Light Vehicles: ‒ IHS Global has forecasted that the Light Vehicle production will grow in CY23 by 7.0% as compared to CY22 ‒ and will grow at CAGR of 1.2% between CY23 to CY28. 14
Slide 16: SEBI Results
7 SEBI RESULTS CIE Automotive
Slide 17: Standalone - Statement of Profit & Loss
MCIE STANDALAONE - STATEMENT OF PROFIT & LOSS Rs. in Million Standalone Quarter Ended Year Ended Particulars 31 M arch, 2023 31 December, 2022 31 M arch, 2022 31 December, 2022 Unaudited (Refer Note 5) Unaudited Audited I Revenue from operations 11,424 11,110 9,925 43,978 II Other Income (Refer Note
Slide 18: Standalone - Statement of Profit & Loss (Cont'd)
MCIE STANDALAONE - STATEMENT OF PROFIT & LOSS (CONT’D) Rs. in Million Standalone Quarter Ended Year Ended Particulars 31 M arch, 2023 31 December, 2022 31 M arch, 2022 31 December, 2022 Unaudited (Refer Note 5) Unaudited Audited VII Profit before tax (V-VI) 2,466 1,717 1,976 6,334 VIII Tax expense 1
Slide 19: Notes
NOTES 1 The statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable. 2 The above results have been reviewed
Slide 20: Consolidated Statement of Profit & Loss
MCIE CONSOLIDATED STATEMENT OF PROFIT & LOSS Rs. in M illion Consolidated Quarter Ended Year ended 31 M arc h, 2023 31 Dec ember, 2022 31 M arc h, 2022 31 Dec ember, 2022 Sr. No Partic ulars Unaudited Unaudited [Refer Note 8] Audited Restated [Refer Note 7] Continuing Operations I Revenue from opera
Slide 21: Consolidated Statement of Profit & Loss - Cont'd
MCIE CONSOLIDATED STATEMENT OF PROFIT & LOSS - CONT’D … Rs. in M illion Consolidated Quarter Ended Year ended 31 M arch, 2023 31 December, 2022 31 M arch, 2022 31 December, 2022 Sr. No Particulars Unaudited Unaudited [Refer Note 8] Audited Restated [Refer Note 7] XI Profit after tax from continuing
Slide 22: Consolidated Statement of Profit & Loss - Cont'd
MCIE CONSOLIDATED STATEMENT OF PROFIT & LOSS - CONT’D … Rs. in M illion Consolidated Quarter Ended Year ended 31 M arc h, 2023 31 Dec ember, 2022 31 M arc h, 2022 31 Dec ember, 2022 Sr. No Partic ulars Unaudited Unaudited [Refer Note 8] Audited Restated [Refer Note 7] XV Total c omprehensive inc ome
Slide 23: Consolidated – Segment Result
MCIE CONSOLIDATED – SEGMENT RESULT All Companies within the M ahindra CIE Group belong to the same operating segment (Automotive) and two geographical areas, India and Europe as presented below: Rs. in M illion Consolidated Quarter Ended Year ended Particulars 31 M arch, 2023 31 December, 2022 31 M
Slide 24: Consolidated – Segment Assets and Liabilities
MCIE CONSOLIDATED – SEGMENT ASSETS AND LIABIILITIES All Companies within the M ahindra CIE Group belong to the same operating segment (Automotive) and two geographical areas, India and Europe as presented below: Rs. in M illion Consolidated Quarter Ended Year ended Particulars 31 M arch, 2023 31 Dec
Slide 25: Notes
NOTES 1 The statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable. 2 In September 2018, the Board of Direc
Slide 26: Notes Cont'd
NOTES CONT’D … 5 Exceptional Items for 31 December, 2022 pertains to sale of freehold land situated in Kanhe,Pune. 6 The subsidiaries and associate companies forming part of consolidated financial results of Mahindra CIE Automotive Limited (MCIE) are listed in "Annexure A" annexed herewith the state
Slide 27: Annexure A - Subsidiaries and Associate Companies
NOTES CONT’D … Annexure A - Subsidiaries forming part of the M ahindra CIE Automotive Limited (M CIE) Group and its Associate Companies S. No. Name of the entity Relationship % of Holding Country of 31 March, 2023 Incorporation 1 Stokes Group Limited Subsidiary of M CIE 100% UK 2 BF Precision Privat
Slide 28: Thank You
Mahindra CIlE Thank You mahindracie.com
Mahindra CIE Automotive — Q1 CY2023 Earnings Presentation on 6ix