Uno Minda Limited · NSE:UNOMINDA
Uno Minda — Minda Industries — Investor Presentation (June 2021)
30 slides from Uno Minda's investor presentation, Jun 14, 2021
Slide 1: Minda Industries Ltd Investor Presentation – June 2021
1/6 Minda Industries Ltd Investor Presentation – June 2021
Slide 2: Safe Harbor
Safe Harbor 2/6 This presentation and the accompanying slides (the “Presentation”), has been prepared by Minda Industries Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not
Slide 3: Index
Index 3/6 • Financial Information & Recent update • Technology Trends & EVs Opportunity • Corporate Social Responsibility & Sustainability • Annexures 3/30
Slide 4: Financial Information & Recent updates
4/6 Financial Information & Recent updates
Slide 5: Key Highlights for the Quarter
Key Highlights for the Quarter 5/6 • Consolidated Revenue of Rs. 2,238 Crores, Y-O-Y growth 49%; Q-O-Q growth 10% • Consolidated EBITDA of Rs. 302 Crores, Y-O-Y growth 115%; Q-O-Q growth 8% • Consolidated PBT of Rs. 190 Crores, Y-O-Y growth of 4.6 times; Q-O-Q growth 8% • Consolidated PAT (MIL share
Slide 6: Consolidated Financial Highlights – Q4FY21
Consolidated Financial Highlights – Q4FY21 6/6 Revenue (Rs. Cr) EBITDA (Rs. Cr) 49% 116% 2,238 302 252 1,498 107 159 140 15 1,986 1,339 89 179 28 22 Q4 FY20* Q4 FY21 Q4 FY20 Q4 FY21 MIL HSSL PBT** Interest Depreciation PAT^ (Rs. Cr) Margin (%) 971% 140 13.5% 9.3% 6.3% 13 0.9% Q4 FY20* Q4 FY21 Q4FY20
Slide 7: Consolidated Financial Highlights – FY21
Consolidated Financial Highlights – FY21 7/6 Revenue (Rs. Cr) EBITDA (Rs. Cr) 2% 8% 6,374 6,222 725 672 650 757 340 375 94 74 5,723 5,465 238 276 FY20* FY21 FY20 FY21 MIL HSSL PBT** Interest Depreciation PAT^ (Rs. Cr) Margin (%) 33% 207 10.8% 11.4% 155 2.5% 3.2% FY20* FY21 FY20 FY21 MIL Consol EBITD
Slide 8: Revenue Bridge
Revenue Bridge 8/6 Quarter 4 Rs. Crs 2,238 239 93 6 144 205 1,339 53 159 Q4 FY20 Merger Switches Lightings Acoustics Castings Seating Others Q4 FY21 Restatement Full Year 6,374 -208 160 -49 -17 -107 373 5,465 757 FY20 Merger Switches Lightings Acoustics Castings Seating Others FY21 Restatement 8/30
Slide 9: Division-wise Revenue Mix
Division-wise Revenue Mix 9/6 Q4FY20 Q4FY21 Others Switches Others Switches Seatings 20% 26% 13% 35% Seatings 11% 11% Castings Castings 12% 14% Acoustics Lighting Acoustics Lighting 11% 19% 7% 22% FY20 FY21 Switches Others 33% Others Seatings Switches 12% Seatings 18% 12% 28% 10% Castings Castings 1
Slide 10: Business Review
Business Review 10/6 Lighting 2W Switch: Acquired new business from leading global OEM 2W Lighting: Increasing volumes 4W Switch: Anti Pinch Power Window Main & in EV 2 W 4W Lighting: Additional plant in Switches Sub switch, power socket), Order for Korean OEM for supply to russia and Gujarat
Slide 11: Revenue Breakups
Revenue Breakups 11/6 Geography-wise Breakup Channel-wise Breakup Segment -wise Breakup India International OEM Replacement 2Wheeler 4Wheeler 17% 11% Q4FY21 49% 51% 83% 89% India International 2Wheeler 4Wheeler OEM Replacement 16% 12% 47% FY21 53% 84% 88% 11/30
Slide 12: Aftermarket- Expanding B2C Business
Aftermarket- Expanding B2C Business 12/6 Revenue (Rs.Crs) 12% Share 741 in Consolidated 40,000+ 67,000+ Revenue FY 21 Retailers Garages 573 558 504 453 438 4,500+ SKUs (Specific Products) in Switches, Horns, Lightings, Batteries, Filter, Braking, Shocks & struts, chain & sprocket, Lever & Yokes & Ac
Slide 13: Kit Value – 2 Wheelers
Kit Value* – 2 Wheelers 13/6 Values in INR 12,336 9,585 9,231 8,457 8,243 7,110 6,966 6,978 6,261 5,209 5,266 4,085 4,517 3,357 3,611 2019 2020 2021 2019 2020 2021 2019 2020 2021 2019 2020 2021 2019 2020 2021 Economy Executive Premium Scooter Moped Up to 110 CC 110 -135 CC > 135 CC All scooters All
Slide 14: Kit Value – 4 Wheeler PVs & Tractor
Kit Value* – 4 Wheeler PVs & Tractor 14/6 1,40,788 Values in INR 1,20,788 80,509 48,078 43,303 48,303 43,078 34,095 37,805 37,433 25,924 29,095 3,450 6,873 7904 2019 2020 2021 2019 2020 2021 2019 2020 2021 2019 2020 2021 2019 2020 2021 C Tractor A B E & MUV Up to Rs. 2.2 Lacs Rs. 2.21 - 4.5 Lacs Rs.
Slide 15: Technology Trends & EV Opportunity
15/6 Technology Trends & EV Opportunity
Slide 16: Macro Trends in Automotive
Macro Trends in Automotive 16/6 Health and Connected Environment Sharing Safety Everywhere and Sustainability Economy Autonomous Connected Car Electric Shared Mobility ADAS Connected Car Electric Regulations Shared Mobility 16/30
Slide 17: Advent of EVs: Our Hedged Product Portfolio
Advent of EVs: Our Hedged Product Portfolio 17/6 Domains Product Lines BS VI EV 4W Switches & HVAC Charging Sockets Sensors Actuators Controllers Electronic & Control Seat Belts Systes Shifters We have engine agnostic product portfolio Infotainment Systems Cameras
Slide 18: Group EV Product Portfolio
Group EV Product Portfolio 18/6 Sensors for Electric Vehicles LED Lighting & Switches for Electric Vehicles LED DRL & Position Lamp LED Head LED Sequential Turn Light Indicator Lamp LED Front LED Tail Lamp Turn with Stop Brake Pedal Sensor EV Battery Temperature Indicator Lamp for EV Regenerative Se
Slide 19: EV Products Under Development
EV Products Under Development 19/6 Low Voltage EV Products (48V to 72V) On- Board Charger Smart Plug Body Control Module (BCM) DC-DC Converter Telematics Battery Management System Under Production Motor Controller Under Development Under Study 19/35
Slide 20: Potential EV Kit Value (2W)
Potential EV Kit Value (2W) 20/6 Values in INR Existing Positive Product Product Product Product Impact on Under EV Kit Value which can under Under LED Lamps Developme Potential be fitted in Production Study & Sensors nt EV 20/30
Slide 21: Customer Strategy
Customer Strategy 21/6 • Leverage long standing relationship Core • Already supplying existing products for their EV Models and Received orders from leading OEMs for OEM Products under Development • Assessment, testing, feedback and approval for our product under development from core OEM • Continuo
Slide 22: Strategic Business Update
Strategic Business Update 22/6 Harita Seating Systems Merger • NCLT Orders copy filed with ROC on 1st April 2021. Merger is completed. • Election Notice copy sent to shareholders of all five merging companies for choosing between Equity Shares and Redeemable Pref Shares • Shareholders of four holdin
Slide 23: Corporate Social Responsibility & Sustainability
23/6 Corporate Social Responsibility & Sustainability
Slide 24: Corporate Social Responsibility
Corporate Social Responsibility 24/6 ‘’We endeavor to make a society that optimally uses resources for a long term. I hope our employees around the world enrich this dialogue and share the best practices. Thereby contributing towards the creation of a more abundant future society.” - Nirmal Kumar Mi
Slide 25: Sustainability
Sustainability 25/6 • Group has taken a lot of initiatives like given below which are expected to have environmental benefits and reduce operational costs • Roof-top solar installation- Installed 8.4 MW rooftop solar cells across 20 plants- ~10% of power requirement of the Group • Green belt plantat
Slide 26: Annexures
26/6 Annexures
Slide 27: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement 27/6 Particulars (Rs. Crores) Q4 FY21 Q4 FY20 YoY % Q3 FY21 QoQ % FY21 FY20 YoY % Revenue from Operations (Net of Excise) 2,238.3 1,497.8 49% 2,031.2 10% 6,373.7 6,222.0 2% Raw Material 1,404.4 904.5 1,239.6 3,919.3 3,810.3 Employee Cost 296.5 235.2 272.4 981.7 9
Slide 28: Consolidated Balance Sheet
Consolidated Balance Sheet 28/6 As at 31-Mar-21 As at 31-Mar-20 As at 31-Mar-21 As at 31-Mar-20 ASSETS (Rs. Crores) EQUITY AND LIABILITIES (Rs. Crores) (Audited) (Audited) (Audited) (Audited) 1. Non-current assets Equity Property, Plant and Equipment 2,050.65 1,910.87 Equity share capital 54.39 52.4
Slide 29: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement 29/6 Particulars (Rs. Crores) Full Year Ended 31-Mar-21 Full Year Ended 31-Mar-20 PBT 324.80 243.59 Adjustments 455.67 454.87 Operating profit before working capital changes 780.48 698.46 Changes in working capital (350.79) 446.40 Cash generated from operations 429.6
Slide 30: Contact Us
Contact Us 30/6 For further information, please contact: Company : Investor Relations Advisors : Minda Industries Ltd. Strategic Growth Advisors Pvt. Ltd. CIN : L74899DL1992PLC050333 CIN : U74140MH2010PTC204285 Mr. Ankur Modi Mr. Jigar Kavaiya Head Treasury and Investor +91 99206 02034 Relation amod