Slide 1: Cover letter to stock exchanges
May 18, 2021 The Officer-In-Charge (Listing) Head - Listing Operations, Listing Department BSE Limited, National Stock Exchange of India Ltd., P.J. Towers, Dalal Street, Fort, Exchange Plaza, Bandra Kurla Complex, Mumbai – 400 001 Bandra (East), Scrip Code: 538962 Mumbai - 400 051 Scrip Code: MINDAC
Slide 2: Q4 & FY2021 Earnings Presentation
Q4 & FY2021 Earnings Presentation
Slide 3: Covid-19: Protocol & Measures by the Company
Covid-19: Protocol & Measures by the Company Covid-19 Appropriate Behaviour Measures taken by the Company Thermal Screening of Employees at the Entry Gate 1. For Employee a. Vaccination for all 15,000 + permanent and All working area is hygienic. Sanitizer & soaps in temporary workforce. sufficient
Slide 4: Revenue Trend
Consistent and Sustainable Market Beating Profitable Growth Rs. million 7,941 48% 7,398 Revenue Trend • Highest Ever : Quarterly Operating 5,364 5,436 6,561 5,585 EBITDA Revenue of Rs. 7,941 million with growth of 48.0% on Y-o-Y basis Margin 11.2% • Highest Ever: Quarterly Absolute Q4FY21 Q4FY20 Q3F
Slide 5: Customer Trust on New Technology Product
Customer Trust on New Technology Product Customer Won Premiumisation Lightweight and Increased Electronics Content offerings in existing products Keyless solution (Knob Type, Push type, integrated ESCL) BSVI & EV Wiring Harness Digital Clusters Connected Clusters Bracket less Door Handles Low Cost I
Slide 6: Quarter & Full Year Updates
Tesla’s 3 Pronged Approach Quarter & Full Year Updates Q4 & FY21 Performance Innovation and Focus Areas Company Snapshot CSR, ESG and Awards Financials in Details
Slide 7: Highlights of Q4 & Revenue Breakdown of FY21
Highlights of Q4 & Revenue Breakdown of FY21 Consistent & Sustainable Results with Focus on Revenue Breakdown FY21 (and FY20) Right Risk Adjusted Capital Allocation By Geography By End Market 1. Best Ever Quarterly Profitability Delivered South East Asia After Market Passenger 4.9% Vehicles Europe &
Slide 8: Indian Automotive Industry Performance – FY21 & Q4 FY21
Indian Automotive Industry Performance – FY21 & Q4 FY21 FY21 Growth Commentary Auto Industry (12.9)% (12.8)% 271.25 236.14 • Q4FY21 saw year on year growth 210.33 across Auto industry as general macro- 183.50 environment improved and also due to (46.1)% (10.6)% lower base of last year. 24.1% (17.4)%
Slide 9: Consolidated Performance – Q4 & FY21
Consolidated Performance – Q4 & FY21 Q4 Q4 Q3 Full Year Full Year (Rs. Million) FY21 FY20 FY21 FY21 FY20 Operating Revenue 7,941 5,364 7,398 23,679 22,226 Growth 48.0% 7.3% 6.5% EBITDA 890 390 818 2,170 2,454 Margin (%) 11.2% 7.3% 11.1% 9.2% 11.0% Profit Before Tax (PBT) 702 239 632 1,247 1,749 Marg
Slide 10: Consolidated Performance – Q4 & FY21
Consolidated Performance – Q4 & FY21 Quarterly Commentary – Q4 FY21 vs Q4 FY20 Full Year (in Rs. mn) 7,941 7,398 Overall Revenue of Rs. 7,941 million showed growth of 48.0% 23,679 22,226 Revenue* due to Revenue 5,364 • Transition from B-IV to BS-VI led by increased wiring harness content in 2W categ
Slide 11: Business Verticals Performance – Q4 & FY21
Business Verticals Performance – Q4 & FY21 Commentary – Q4 FY21 vs Q4 FY20 (in Rs. mn) Quarterly (in Rs. mn) Full Year 4,456 Mechatronics and Aftermarket: 4,376 13,653 • The growth in revenue better than Industry was and Others Aftermarket and Others 12,732 and 3,248 supported by higher aftermarket
Slide 12: Consolidated Leverage Position
Consolidated Leverage Position Particulars (Rs. mn) Mar 31st, 2021 Mar 31st, 2020 Net Worth 11,466 9,751 Gross Debt 4,832 5,320 Less: Cash & Cash Equivalents (Inc. FDR) 4,993 4,724 Net Debt (161) 596 Net Debt / Net Worth - 0.06 x Particulars Mar 31st, 2021 H2 FY21 Annualised Mar 31st, 2020 ROCE 12.0
Slide 13: Aftermarket Sales Trend – Key Segment of Focus
Aftermarket Head Quarter: In Noida Sales Trend (Rs. Mn) Regional Office: Mumbai, Chennai, Kolkata and Jaipur 3,609 2,957 2,908 Team Strength: 160+ employees 2,800 Distribution Network: 450+ Business Partners Retailer Network: 10,000 + retail reach across India Spread: PAN India and in SAARC Region F
Slide 14: Joint Ventures / Partners
Joint Ventures /Partners Joint Ventures with Leading Global Firms Rs. mn Vehicle Access Systems Technology Stoneridge Inc. USA Furukawa Electric Co. Ltd. JAPAN (VAST) LLC, USA 2004 2015 2007 51% ownership 50% ownership 25% ownership (Minda Stoneridge Instruments Ltd) (Minda Vast Access Systems Pvt.
Slide 15: Business Performance – Q4 FY21 Order Won
Business Performance – Q4 FY21 Order Won Rs. 66,747 mn Rs. 10,487 mn Order Won FY21 Order Won Q4FY21 Rs. 41,848 mn Rs. 24,899 mn Rs. 3,493 mn Rs. 6,994 mn Replacement Business New Business Replacement Business New Business Lifetime Order Won Lifetime Order Won Lifetime Order Won Lifetime Order Won I
Slide 16: Narrowing Focus & Deepening Capabilities
Narrowing Focus & Deepening Capabilities Enhancing the Core Technology & Digitization 1. Achieve Thought leadership position in Technology 1. Operational Partnership with PHI Capital 2. TLA with Israel based Ride Vision for 2W ADAS 2. Cost leadership position in Operations. 3. Filling of 15 Patent i
Slide 17: Innovation and Focus Areas
Innovation and Focus Areas: Research & Development Capabilities
Slide 18: Global Megatrends Impacting Indian Auto Industry
Global Megatrends Impacting Indian Auto Industry Global Trends Trends Impacting India Urbanization Connectivity & Shared Mobility Vehicle Electronification Vehicle & Passenger Safety Digitization Vehicular Emission Vehicular Light-weighting Human Machine Interface Rising GenZ Sustainability Big Data
Slide 19: Trends and our offerings
Trends and our offerings Global Trends Trends Impacting India & Our Offerings Connectivity & Light-weighting Shared Mobility Safety Connectivity Telematics Airbag Wiring Antennas Cylinder Head Al Die-Casting Parts 2W ADAS Harness Connected Digital Autonomous ITS Cluster Cyber Security Oil Pan Batter
Slide 20: Engineering Capability
Engineering Capability Engineering Capability Expansion Advanced Engineering & Electronics ~170 ~ 2.0% 450+ ~ 50 % in last 5 years of annual revenue Total IPs/Patents R&D Spending Engineering Headcount SMIT, Pune SMIT, Bengaluru 225+ Engineers | 20+ Engineers | Embedded Software Telematics & Connect
Slide 21: SPARK MINDA Technical Centre (SMIT)
SPARK MINDA Technical Centre (SMIT) Spark Minda Technical Centre, Pune EMI/EMC Lab Anechoic Chamber Over 130 patents. End-to-End Product Development. Semi-Anechoic EMI/EMC Component Test Facility Complete ownership of product throughout PLC. ACCREDITATIONS Concept to Concept to Realization R
Slide 22: Electric Vehicle: An Opportunity and not a Threat
Electric Vehicle:- Its an Opportunity and not a Threat Connected Cluster Most of our Glovebox Product is Electric Seat Actuator Actuator Keyless Entry Systems with ESCL Vehicle Agnostic and it only enhances the . content. Battery Charger Telematics DC to DC Converter Die Casting Products Motor Contr
Slide 23: System Solutions: End-to-End Product Development
SYSTEM SOLUTIONS: End-to-End Product Development ~ Connected Mobility Solutions —_ Intelligent Transport System 2.0 _ ey Less Entry System Solution — SERVERS — ii — SERVERS— » 22 <= ‘S CLOUD ed z & @®) “ 7 U Co —csmTOWER— & & 4 4 Mi y | || Key less entry System of Of BER (PEPS) UBSII & 1S16833 Certi
Slide 24: Company Snapshot
Company Snapshot
Slide 25: SPARK MINDA - Kaleidoscope
SPARK MINDA - Kaleidoscope Leading Automotive Component Supplier – Since 1958 16,000+ 6 WORKFORCE PARTNERSHIPS 33 PLANTS/OFFICES INR 32,570 million REVENUE 14 13 NORTH WEST 3 3 SOUTH ASEAN VISION To be a dynamic, innovative and profitable global automotive organization for emerging as the preferred s
Slide 26: Schematic Representation of Minda Corporation
Schematic Representation of Minda Corporation Promoter Share Holding Public & Other Share Holding 64.7% 35.3% Minda Corporation Limited Overseas Domestic Operations India JV’s (100% owned) ⚫ ASEAN Group ⚫ Safety Security Division ⚫ Minda Stoneridge (51%) ⚫ Die Casting Division ⚫ Minda VAST (50%) ⚫ S
Slide 27: Key Products across various Business Verticals
Key Products across various Business Verticals Mechatronics Ignition (Business Vertical 1) Switch Smart Immobilizer Aluminum Compressor Key Mechatronics System Die Housing Alternator Starter Cum System Handles Casting Motor Steering Lock Information & Connected Systems Wiring Steering Roll Junction
Slide 28: Customer Centricity
__ CUSTOMER Centricity » am " / ais o / Zz WHAT DO WE OFFER | ——— Key to sustainable s : : : Vehicle Access Future Systems Mobility Weighting Mobility Solutions Solutions Solutions -_, Page 27 of 47
Slide 29: Key Customers
Key Customers 2-3 Wheelers Commercial & Off Passenger Vehicles Other Market Highway Vehicles Earnings Presentation Page 28 of 47
Slide 30: (AC Consulting & Investments, Wabco, Faurecia, Delphi, GeneralMotors etc.) (Plastic Omnium, Ashok Leyland,
(AC Consulting & Investments, Wabco, (Plastic Omnium, Ashok Leyland, Faurecia, Delphi, GeneralMotors etc.) Varroc etc.) (Lohia Global, Greaves Cotton, Tractor India etc.) (JKEKT, Genavco LLC, Toyota Kirloskar, ARB Bearings etc.) (Cummins India, Tata Group.)
Slide 31: Board member: Ms. Pratima Ram
Ms. Pratima Ram Non-Executive - Independent Director On the Board of Havells India, Suzlon Energy, Deccan Gold Mines Limited, SF Forge Limited & CFO
Slide 32: Shareholding Pattern
Shareholding Pattern Total no of Shareholders As on 31st March 2020 As on 31st March 2021 Corp Bodies/ Others Corp Bodies/ Others 4.4% 3.7% 49,201 Retail Retail 35,363 15.1% 14.6% Institutions Institutions 14.0% 17.0% Promoters 66.5% Promoters 64.7% Mar-20 Mar-21 Outstanding Shares Market Capitaliza
Slide 33: Value Proposition
Value Proposition High value, technologically advanced products; global presence with 33 plants Cost leadership in manufacturing and Thought leadership position in Technology Offering Advanced Technology products and System Solution in Light weighting, Active Safety, Connected, Electronification, an
Slide 34: CSR, ESG and Awards
CSR, ESG and Awards
Slide 35: Sustainability Framework
Sustainability Framework Earnings Presentation Page 34 of 47
Slide 36: People, Planet & Profit
People, Planet & Profit The Spark Minda Foundation worked on multiple social initiatives to help different aspects of the society during the Year FY21 Shakti Project Launched in WOW project launched in Cooked food package were Blood Donation camp was Aakarshan (Skill Development collaboration with I
Slide 37: Awards & Achievement
Awards & Achievement Our continues effort towards providing worker friendly environment and providing clients with superior quality product with effective cost efficiencies have been recognized and awarded by multiple organization Worker Friendly • Awarded ‘20 Best Companies To Work For In 2020’ by
Slide 38: Financials in Details
Financials in Details 2) Rad) * vn za iE
Slide 39: P&L
P&L Full Year Full Year % of % of (INR Mn) FY21 Revenue from FY20 Revenue from Operations Operations Revenue from Operations 23,679 100.0% 22,226 100.0% Expenses Raw Materials Cost 14,926 63.0% 13,384 60.2% Employee Benefit Expenses 3,827 16.2% 3,566 16.0% Other Expenses 2,757 11.6% 2,821 12.7% Tota
Slide 40: Balance Sheet
Balance Sheet As at As at As at As at Assets (INR Mn) 31 March 31 March Equity and Liabilities (INR Mn) 31 March 31 March 2021 2020 2021 2020 Non-current Assets Equity Share Capital 478 453 Property, Plant And Equipment 5,745 5,292 Other Equity 10,988 9,298 Capital Work-in-progress 178 285 Total Equ
Slide 41: Cash Flow
Cash Flow (INR Mn) FY 2021 FY 2020 Operating Cash Flow 2,145 2,715 Change in Working Capital (1,078) 2,307 Cash Generated from Operations 1,067 5,022 Income Tax Paid (212) (519) Net Cash generated from Operations 855 4,504 Capex (1,306) (1,461) Free Cash Flow to Firm (451) 3,043 Earnings Presentatio
Slide 42: Forward-looking statements 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 Minda Corporation Limited (“Minda Corp” or the Company) future business developments