Remsons Industries Limited · NSE:REMSONSIND
Remsons Industries — Q2 FY24 Earnings Presentation
39 slides from Remsons Industries's earnings presentation, Nov 8, 2023
Slide 1: Exchange filing cover letter for investor presentation
8th November, 2023 To, To, The Manager The Manager – Listing Department of Corporate Services National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, ‘G’ Block, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Mumbai - 400 001 Bandra (East), Mumbai – 400 051 Scr
Slide 2: Investor Presentation Q2 / FY 23-24
Investor Presentation Q2 / FY 23-24
Slide 3: Disclaimer
DISCLAIMER Except for the historical information contained herein, statements in this presentation and the subsequent discussions, which include words or phrases such as "will", "aim", "will likely result", "would", "believe", "may", "expect", "will continue", "anticipate", "estimate", "intend", "pl
Slide 4: Q2 FY 2024 Key Highlights
FY 23-24 KEY HIGHLIGHTS 6225 / +215 bps / 7633 +415 bps Standalone / Consolidated Standalone / Consolidated Revenue EBITDA Margin for Q2 FY24 (Rs Lakhs) Improvement for Q2 FY24 (Y-o-Y) Q2 FY 2024 26% 152% Consolidated Consolidated Net Profit Growth Reported Net Profit for H1 FY24 (Y-o-Y) Growth for
Slide 5: Q2 FY 23-24 Highlights Standalone
Q2 FY 23-24 HIGHLIGHTS STANDALONE Revenue (Rs lacs) EBITDA (Rs lacs) • Total Standalone Revenue growth was lower by 11.39% Y-o-Y. This was due to the lower volume offtake in our Two- Wheeler (ICE) Customers in Q2. • Increased Gross Profit / EBITDA margins at 37.06% / 9.98% was achieved due to Thrust
Slide 6: Q2 FY 23-24 Highlights Consolidated
Q2 FY 23-24 HIGHLIGHTS CONSOLIDATED Revenue (Rs lacs) EBITDA (Rs lacs) • Consolidated Revenue stood at Rs.7633 lacs down by 6.02% Y-o-Y. This is due to temporary soft demand in domestic sales in Two-Wheeler Segment. • Gross Profit margins were higher by 814 bps Y-o-Y at 43.24%, led by improvement in
Slide 7: Q2 FY 23-24 Standalone Results
Q2 FY 23-24 STANDALONE RESULTS QUARTERLY YEAR TO DATE Particulars (Rs lacs) Q2FY24 Q1FY24 Q2FY23 YoY% H1FY24 H1FY23 YoY% Net Sales 6225.5 5991.6 7026.0 -11.39 12217.1 13506.3 -9.55 Total Expenditure 5604.4 5513.2 6475.4 -13.45 11117.6 12555.7 -11.45 EBITDA 621.1 478.4 550.6 12.81 1099.5 950.6 15.65
Slide 8: Q2 FY 23-24 Consolidated Results
Q2 FY 23-24 CONSOLIDATED RESULTS QUARTERLY YEAR TO DATE Particulars (Rs lacs) Q2FY24 Q1FY23 Q2FY23 YoY% H1FY24 H1FY23 YoY% Net Sales 7633.4 7275.0 8122.1 -6.02 14908.4 16077.7 -7.27 Total Expenditure 6815.1 6614.8 7587.7 -10.18 13429.9 14895.2 -9.84 EBITDA 818.3 660.2 534.4 53.13 1478.5 1182.5 25.03
Slide 9: Strategy for a Profitable Growth
STRATEGY FOR A PROFITABLE GROWTH New Product Operational Efficiency New Product Business Award with UK (Remsons) Lean and Agile Manufacturing processes Technology localised for Indian OEM in FY24. increasing Asset Utilization Product Development- Offering and diversifying Cost reduction measures at
Slide 10: Company Overview
ya . REMSONS \_Company Overview LET'S MAKE GREAT Years of Engineering Excellence
Slide 11: A Little Bit of History
A LITTLE BIT OF HISTORY Born into a middle-class family in Kolkata, Mr. Vishwa Prakash Harlalka moved from Kolkata to Mumbai in 1956. With nothing but a dream he tried his hand at many businesses, failing and only rising stronger and wiser. He Founded Remsons in 1959. Formed as a trading company, th
Slide 12: Remsons - At a Glance
REMSONS - AT A GLANCE About Us Customer Profile Strategy The company offers an entire spectrum of All major OEM manufacturers of 2, 3, & Focus on advancement of technologies Automobile control cables, gear shifters, 4 wheelers both domestic and overseas and strengthening of business winches, pedal b
Slide 13: Key Highlights
KEY HIGHLIGHTS INR 313 Crs of INR 25.94 Crs of Serving more than 20 OEM’s and Total Income in FY 23 EBITDA in FY 23 250+ dealers in after-market 5 State of the Art Plants Exports to more 246 Permanent employees 4 India and 1 in UK than 19 countries combined (India 200 and UK 46)
Slide 14: Milestones
MILESTONES 2022 1960-1973 2004-2006 2018-2019 New Plant started at Pune 1st to introduce Indigenously Opened manufactured for OEM control cables marketing and business and Pressure die dash mounted technical cast cables ends park brake and support office in Great Place to in India push pull cables U
Slide 15: Remsons DNA: Vision, Mission, Quality
REMSONS DNA VISION EMPOWER Let’s aim to be regarded as an innovative, future- We provide employee with the resources, ready auto component manufacturer always authority, opportunity, and motivation to do committed to the highest standards of engineering their work, also holding them accountable for
Slide 16: Group Organisation Structure
GROUP- ORGANISATION STRUCTURE Remsons Industries Limited India UK Operations Operations Gurugram Daman Pune Pardi Stourport The synergies created through this acquisition including access to the central European market, new product portfolio and operational production plant in UK to better save the
Slide 17: Global Presence
GLOBAL PRESENCE Stourport-on-Severn United Kingdom United Kingdom Application Support & Application Support & Marketing Office France Marketing Office Mexico USA Germany Gurgaon India Austria Pune Sweden India Italy Spain Daman; Pardi Turkey India Singapore Mumbai India Nepal Sri Lanka Bangladesh Br
Slide 18: Multi Location Establishment
MULTI LOCATION ESTABLISHMENT ❑ MUMBAI – Corporate Office ❑ PUNE ❑ GURUGRAM ❑ DAMAN ❑ PARDI ( GUJARAT) ❑ UNITED KINGDOM (STOURPORT ON SEVERN) PUNE, MAHARASHTRA GURGAON, HARYANA STOURPORT-ON-SEVERN, UNITED KINGDOM
Slide 19: UK Subsidiary
UK SUBSIDARY Our manufacturing facility at Stourport (England)! Remsons Automotive formerly known as Magal Cables. A state-of-the-art facility where we bring innovation and quality together to create exceptional products. Our Journey started in 2020 where Remsons saw an opportunity of Global Presenc
Slide 20: Management Details
MANAGEMENT DETAILS Krishna Kejriwal Amit Srivastava Chairman & Managing Director, Remsons Industries Limited Chief Executive Officer, Remsons Industries Limited Mr. Kejriwal is a Graduate in Science from University of He is MBA in Marketing & Finance completed Senior Management Bangalore and has 43
Slide 21: In-House Product Development Capabilities
IN-HOUSE PRODUCT DEVELOPMENT CAPABILITIES Design FEA Complete In-House Simulation & FEA In-House Design Capabilities Established Capabilities Product Development Capabilities Enhancement (U.K) Validation Technology Continuous upgradation of Synergy In-House Product Validation Capability Design and V
Slide 22: Products Gallery
PRODUCTS GALLERY Push Pull Cables Pedal Box Handle Assembly Gear Shift Systems SYSTEMS GEAR SHIFTERS PARKING BRAKE PEDAL BOX WINCHES JACKS Jacks Parking Brake Assembly Winch Assembly Auto Adjust Clutch Cable
Slide 23: Application of Products
APPLICATION OF PRODUCTS Serving All Segments of Industry 2- Wheeler 3- Wheeler 4- Wheeler Commercial Vehicle Off-Roader Agriculture Brake - Front, Rear, Combi Clutch / PKB Cable Parking Brake Cable Parking Brake Cable Accelerator Cables Clutch & Brake Cable Accelerator Cable Gasoline Cable Body & Cl
Slide 24: Customer Profile
CUSTOMER PROFILE Passenger Cars (Tier – I) Commercial Vehicles 2 & 3-Wheeler Agriculture * * * Electric 2-Wheeler* * *Tier II
Slide 25: Remsons Quality Certification
REMSONS QUALITY CERTIFICATION INDIA UK IATF 16949:2016 1S0 14001: 2015 IATF 16949:2016 1S0 14001: 2015 ASES CERTIFIED
Slide 26: Awards & Recognitions
AWARDS & RECOGNITIONS 2020 FORD 1 World Excellence Award ASHOK LEYLAND & INTEVA 2022 Best Supplier Award. 2 2023 ADVIK 3 Best Development Award GREAT PLACE TO WORK 2023 Top 100 Best Mid-Size 4 Companies to Work In Award. 2023 ACMA 5 1st Place in QC competition for Productivity Improvement QUALITY FO
Slide 27: Sustainability
SUSTAINABILITY SILVER RATING OF MEMBER OF THE UN CORPORATE SOCIAL GENERATION OF 500 KVA SUSTAINABILITY GLOBAL COMPACT RESPONSIBILITY - AWARD PER MONTH. 2021 2022 Ecovadis Score Card Shows about The Ten Principles of the Education to the handicapped, In keeping with the efforts of company’s performan
Slide 28: Best HR Practices
BEST HR PRACTISES GREAT MID SIZE WORKPLACE COMPANY - AWARD BY GPTW When the Goal is Greatness, Milestones Are A Natural Outcome As we navigate the challenges and opportunities in our workplace, let's take a moment to reflect on the essence of what makes our organization truly successful – our people
Slide 29: Corporate Social Responsibilities - Activities
CORPORATE SOCIAL RESPONSIBILITIES - ACTIVITIES • Dignity Project – Distributing Menstrual kits to 600 Girls in School. • Meri Pathshala – Revamping Projects in Rural Schools. • Clean Water Project – Leprosy Ashram. • Mid-Day Meal Sponsor – 400 Students per year. BEST CSR AWARD – 3 Yrs in a ROW • Com
Slide 30: Financials
REMSONS ‘ Financials LET'S MAKE GREAT Years of Engineering Excellence
Slide 31: Five Years Sales Trend
FIVE YEARS SALES TREND All Conversion Rates are as of 7th July 2023 2023-24 42 M $ 39 M € 2022-23 33 M £ 38 M $ 35 M € 2021-22 30 M £ 34 M $ 32 M € 27 M £ 2020-21 27 M $ 25 M € 2019-20 22 M £ 19 M $ 18 M € 15 M £ ₹ 160 Cr ₹ 226 Cr ₹ 286 Cr ₹ 312 Cr ₹ 350 Cr Lockdown From Pandemic Projected March 20
Slide 32: Profitable Growth, Strong ROE, ROCE (Consolidated)
PROFITABLE GROWTH, STRONG ROE, ROCE (CONSOLIDATED)
Slide 33: Annual Standalone Profit & Loss Statement
ANNUAL- STANDALONE PROFIT & LOSS STATEMENT Particulars (INR in crs) FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 Net sales 128.13 149.38 159.18 195.48 223.28 263.96 Cost of Goods Sold 78.07 92.98 95.71 136.29 152.81 179.90 Employee expenses 23.89 26.97 30.99 30.03 33.71 37.25 Other expenses 18.14
Slide 34: Annual Consolidated Profit & Loss Statement
ANNUAL-CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (INR in crs) FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 Net sales 128.13 149.38 159.18 226.15 286.45 312.80 Cost of Goods Sold 78.07 92.98 95.71 151.68 180.79 195.13 Employee expenses 23.89 26.97 30.99 39.58 52.27 56.50 Other expenses 18.1
Slide 35: Annual Standalone Balance Sheet (1/2)
ANNUAL- STANDALONE BALANCE SHEET (1/2) Particulars (INR in crs) FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 Assets Non-Current Assets Property, Plant & Equipment 21.75 21.51 21.71 24.05 27.91 32.98 Right of Use of Assets - - 0.54 8.81 6.87 4.89 Capital Work in Progress 0.05 0.14 0.08 0.35 0.54 0
Slide 36: Annual Standalone Balance Sheet (2/2)
ANNUAL_ STANDALONE BALANCE SHEET (2/2) FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 Equities & Liabilities Share Capital 5.71 5.71 5.71 5.71 5.71 5.71 Reserves & Surplus 13.84 16.03 19.03 25.68 28.89 35.99 Net Worth 19.55 21.74 24.74 31.39 34.60 41.70 Non-Current Liabilities Long Term Borrowings
Slide 37: Annual Consolidated Balance Sheet (1/2)
ANNUAL- CONSOLIDATED BALANCE SHEET (1/2) Particulars (INR in crs) FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 Assets Non-Current Assets Property, Plant & Equipment 21.75 21.51 21.71 31.71 34.40 40.74 Right of Use of Assets - - 0.54 8.81 6.87 4.89 Capital Work in Progress 0.05 0.14 0.08 0.35 0.54
Slide 38: Annual Consolidated Balance Sheet (2/2)
ANNUAL-CONSOLIDATED BALANCE SHEET (2/2) FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 Equities & Liabilities Share Capital 5.71 5.71 5.71 5.71 5.71 5.71 Reserves & Surplus 13.84 16.03 19.03 24.01 28.82 36.56 Net Worth 19.55 21.74 24.74 29.72 34.53 42.27 Non-Current Liabilities Long Term Borrowings
Slide 39: Thank You!
Thank You! For further information, please contact Remsons Industries Limited KAPTIFY Consulting Tel: +91 22 2612 2368/2611 3883 Strategy & Investor Relations Consulting Email: corporate@remsons.com Tel: +91 845 288 6099 | Email: info@kaptify.in www.remsons.com www.kaptify.in