Talbros Automotive Components Limited · NSE:TALBROAUTO

Talbros Automotive Components — Q1 FY2023 Earnings Presentation

30 slides from Talbros Automotive Components's earnings presentation, Aug 9, 2022

  1. Slide 1: Q1 FY23 Investor Presentation

    TALBROS AUTOMOTIVE COMPONENTS LIMITED Q 1 F Y 2 3 I N V ESTOR P R ES EN TATION August 2022

  2. Slide 2: Safe Harbor

    Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Talbros Automotive Components Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe

  3. Slide 3: Talbros Automotive Components Ltd (TACL) - Group

    Talbros Automotive Components Ltd (TACL) - Group Product Portfolio Entities TACL Group Turnover*(Rs. Crs) Q1 FY22 Q1 FY23 TACL Standalone 88 106 Gaskets Nippon Leakless Talbros Pvt Ltd 13 22 Forgings TACL Standalone 51 49 Q1 FY22 Q1 FY23 196 238 Chassis 45 Marelli Talbros Chassis Systems Pvt Ltd 32

  4. Slide 4: New Multi year orders worth Rs. 400+ crores received

    New Multi year orders worth Rs. 400+ crores received The order has been received for Domestic and Overseas Customers across all the divisions and varied segments. These orders are to be executed over a period of next 4-6 years The order covers the following product lines Gaskets Heat Shields Forging

  5. Slide 5: Q1 FY23 Consolidated Performance Highlights

    Q1 FY23 Consolidated Performance Highlights Total Income from Operations EBITDA Profit After Tax* 154.7 20.7 11.9 138.8 19.1 10.0 Q1FY22 Q1FY23 Q1FY22 Q1FY23 Q1FY22 Q1FY23 +11% +9% +20% Rs. Crores ^ Includes Other Income * Excludes Exceptional Items 5

  6. Slide 6: Q1 FY23 Standalone Business Performance Highlights

    Q1 FY23 Standalone Business Performance Highlights Total Income from Operations EBITDA Gaskets 105.6 14.1 88.0 11.5 +20% +23% Q1FY22 Q1FY23 Q1FY22 Q1FY23 Total Income from Operations EBITDA Forgings 51.3 7.7 49.1 6.6 -4% -14% Q1FY22 Q1FY23 Q1FY22 Q1FY23 Rs. Crores Includes Other Income 6

  7. Slide 7: Consolidated Performance Highlights - Joint Ventures

    Consolidated Performance Highlights Nippon Leakless Talbros Marelli Talbros Chassis Systems Talbros Marugo Rubber 22.0 45.1 16.6 Revenues 32.2 12.2 13.0 +69% +40% +36% Q1FY22 Q1FY23 Q1FY22 Q1FY23 Q1FY22 Q1FY23 4.5 4.1 0.85 0.77 3.3 EBITDA 2.7 +64% +27% +10% Q1FY22 Q1FY23 Q1FY22 Q1FY23 Q1FY22 Q1FY23

  8. Slide 8: Domestic Breakup and Market Breakup

    Across varied segments… 4% 8% 5% Domestic Breakup* 11% 10% 26% 13% 23% 2 & 3 Wheelers 37% Passenger Vehicle 22% FY21 FY22 Q1FY23 HCV & LCV Agri & Off Loaders 28% 32% Others 27% 28% 26% 6% 8% 9% 5% 5% Breakup (Type of 4% OEM Market)* 25% Exports FY21 23% FY22 23% Q1FY23 After Market 64% 64% 64% Other

  9. Slide 9: Q1FY23 Consolidated Profit & Loss Statement

    Q1FY23 Consolidated Profit & Loss Statement Particulars (Rs. In crores) Q1FY23 Q1FY22 Y-o-Y Q4FY22 QoQ FY22 Revenue from Operations 153.0 136.8 12% 148.0 3% 577.2 Other Income 1.7 2.0 1.9 7.7 Total Revenue from Operations 154.7 138.8 11% 149.9 3% 584.9 Raw Material 81.3 74.4 77.6 306.5 Employee Cost

  10. Slide 10: MDs Comments

    MDs Comments Commenting on the performance Mr. Anuj Talwar, Jt. Managing Director, Talbros Automotive Components Limited said: Despite multiple challenges our industry has faced including rising raw material costs and disruptions in the supply chain for semi-conductors, our revenues increased by 11%

  11. Slide 11: Hedged Portfolio

    Hedged Portfolio… Q1FY23 - Revenue Contribution Segments Product Portfolio Market Exposure TMR 4% ▪ 2 Wheelers ▪ Gaskets ▪ OEMs NLK 4% ▪ 3Wheelers ▪ Heat Shields ▪ After Market MTCS ▪ Passenger Vehicles ▪ Forgings ▪ Exports 12% ▪ Commercial Vehicles ▪ Chassis Systems ▪ Others Forgings ▪ Anti vibrati

  12. Slide 12: Having Diversified Customer base - Top Customers

    Having Diversified Customer base - Top 10 Customers FY22 Q1FY23 01 Maruti Suzuki India Limited 10% 01 Maruti Suzuki India Limited 10% 02 Bajaj Auto 9% 02 Bajaj Auto 6% 03 TATA Cummins 8% 03 Hero Motocorp Limited 7% 04 Hero Motocorp Limited 7% 04 Jaguar Land Rover Limited 7% 05 Tata Motors Limited 7%

  13. Slide 13: Venturing into EV

    Venturing into EV FORGINGS o Supplying parts for Plug-in hybrid Electric Vehicles to OEMs globally o Marelli Talbros is working on new RFQ’s for several Indian and global OEM’s for supporting development of future EV’s o Marelli Talbros Supplies Critical Suspension Components to EV’s Image is for il

  14. Slide 14: Substantial Improvement in Business

    Substantial Improvement in Business Total Income from Operations EBITDA Profit After Tax* CAGR +29% 14.3% 14.2% CAGR +84% 584.9 453.2 CAGR +29% 44.9 83.2 24.4 64.6 FY21 FY22 FY21 FY22 FY21 FY22 Return on Equity (RoE) Return on Capital Employed (RoCE) Debt / Equity Debt has reduced by 31% + 910 bps +

  15. Slide 15: FY22 Consolidated Balance Sheet

    FY22 Consolidated Balance Sheet ASSETS Mar-22 Mar-21 EQUITY AND LIABILITIES Mar-22 Mar-21 Non-current assets Equity Property, plant and equipment 153.3 145.4 Equity Share capital 12.3 12.3 Other equity 289.5 235.2 Capital work in progress 3.3 3.0 Shareholders' funds 301.9 247.5 Investment property 3

  16. Slide 16: Gasket Business

    Gasket Business Standalone – Total Income ▪ In – House tool design and manufacturing 382 ▪ ~40% Market share in Gaskets 3x the nearest competitor 333 292 287 ▪ Market Leader in – Two Wheeler, Agri & Off Loaders, HCV 265 & LCV segment 106 ▪ Single Source Supplier for 5 of our customers ▪ 100% Asbesto

  17. Slide 17: Standalone Business – Forgings

    Standalone Business – Forgings 204 ▪ One stop solution for Hot Forging 166 170 (750 to 2,500 Ton Press) 134 Others ▪ In-House tool design and manufacturing 115 35% Exports ▪ Strong presence in Overseas Market & 53% Supplier to top Tier I companies 48 OEM ▪ One Stop Solution for Die Design, 12% Machi

  18. Slide 18: Strong Global Partnerships - Joint Ventures

    Strong Global Partnerships - Joint Ventures Nippon Leakless Talbros Pvt Ltd (NLK) Marelli Talbros Chassis Systems Pvt Ltd (MTC) Talbros Marugo Rubber Pvt Ltd (TMR) ▪ Marugo Rubber Industries Ltd (Japan) - ▪ Nippon Leakless Corporation (Japan) - One of ▪ Magneti Marelli S.p.a (Milano) - A Fiat group

  19. Slide 19: JV's Performance Highlights - Total Income from Operations

    JV’s Performance Highlights - Total Income from Operations Nippon Leakless Talbros Marelli Talbros Chassis Systems Talbros Marugo Rubber 117.9 122.1 164.6 52.0 54.7 106.0 136.8 45.8 129.7 124.3 40.8 41.0 83.4 109.0 74.2 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 Rs. C

  20. Slide 20: About Us

    About Us Over 6 Decades of experience in Auto Component manufacturing One of the Diversified Auto Component player with presence across Two Wheelers, Passenger, Commercial Vehicles and Farm Equipment's Most Hedged Auto Wide client base, ~40% revenue from top 5 clients Component Businesses across OEM

  21. Slide 21: Leadership Team driving Growth & Profitability

    Leadership Team driving Growth & Profitability Anuj Talwar – Joint Managing Director Is a Bachelor in Business Administration from college of William & Mary, Virgina, USA and Master of Business Administration from Boston University Graduate School of Management. He has been associated with the Compa

  22. Slide 22: Board of Directors

    Board of Directors • Mr. Naresh Talwar, aged 80 years, is a Promoter and Non- Executive • Mr. Umesh Talwar, has done B.Com (Hons) from Delhi University and MBA Mr. Naresh Talwar Chairman of the Company. He has been associated with the Company Mr. Umesh Talwar from XLRI, Jamshedpur. He has more than

  23. Slide 23: Executive Management

    Executive Management Mr. Manish Khanna Mrs. Seema Narang Chief Financial Officer Company Secretary A Qualified CA and MBA, he has over 17 years of experience with LeeBoy India She has over 29 years of experience in the secretarial department and has worked with Constructions, Doosan Infracore, Escor

  24. Slide 24: Scope of Joint Ventures

    Scope of Joint Ventures Rear Twist Beam Axle Fuel Hose Strut Mount Steering Bush Front Cross Members Engine Mount Suspension Arms Bush Wheel Group + Corner Module Air Hose Control Arms Knuckles Exhaust Hanger MMT MMT TMR TMR Existing Business Planned for Future Existing Business Planned for Future 2

  25. Slide 25: Evolving Product Portfolio

    Evolving Product Portfolio JV with Marugo Evolution Rubber Continues... Revenue FY07 JV with Magneti Marelli Hoses Hoses TA with SANWA Anti Vibration Anti Vibration Gasket 100% Acquired Sheet Metal, Products Products Entry into Forgings, JV with NLK - Gaskets Chassis Systems Chassis Systems Chassis

  26. Slide 26: Hedged Customer Base

    Diversified Customer - OEM 2 Wheeler Passenger Hedged Customer Base HCV/LCV Agri & Off Loader Agri & Off Loader 26

  27. Slide 27: Equity

    Equity In Rs. Consistently paying Dividend for the decade 2.5 2.0 1.8 1.5 1.5 1.5 1.5 1.2 1.2 1.2 1.2 0.5 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 Promoter Shareholding 56.6% 56.6% 56.6% 56.6% 58.2% 58.2% 58.2% 51.5% 53.9% 54.0% 44.5% 45.6% 46.3% 41.6% Jun-10 Jun-11 Jun-12 Jun-13

  28. Slide 28: Appreciation From Customers

    Appreciation From Customers 28

  29. Slide 29: Customer Awards for Best Performances

    Customer Awards for Best Performances ACMA Atmanirbhar Excellence Awards Award from Jaguar Land Rover for Gasket Award from Jaguar Land Rover for Forgings Quality improvement contest award 2022 Business 2022 Business 2022 –Kirloskar Oil Engines Ltd 2021 JLKR-Q certificate-2021 Quality improvement co

  30. Slide 30: For further information, please contact:

    For further information, please contact: Company : Investor Relations Advisors : Talbros Automotive Components Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: L29199HR1956PLC033107 CIN: U74140MH2010PTC204285 Ms. Seema Narang Mr. Shogun Jain / Mr. Deven Dhruva seema_narang@talbros.com shogun.jain@sgapl

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