Talbros Automotive Components Limited · NSE:TALBROAUTO
Talbros Automotive Components — Investor Presentation (November 2020)
34 slides from Talbros Automotive Components's investor presentation, Nov 9, 2020
Slide 1: Investor Presentation November 2020
1 INVESTOR PRESENTATION November 2020 1
Slide 2: Safe Harbour
Safe Harbour 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 subscrib
Slide 3: Strong Recovery… leading to better growth in H2FY21
Strong Recovery… leading to better growth in H2FY21 Increasing Momentum ❑ Growth momentum to get stronger Q4 FY20 Q1 FY21 Q2 FY21 in H2 FY21 Impact of Covid-19 o Execution of healthy orderbook especially with the start of execution for the multi-year As per INDAS 92 Crores 51 Crores 110 Crores USD31
Slide 4: Consolidated Q2 FY21 Highlights - INDAS
Consolidated Q2 FY21 Highlights - INDAS Commenting on the performance Mr. Anuj Talwar, Jt. Managing Director, Talbros Automotive Components Limited said: 110 Crores “The effects of the COVID-19 crisis on the automotive industry are extensive. There has been fundamental change in demand which should
Slide 5: Consolidated Q2FY21 Performance Highlights
Consolidated Q2FY21 Performance Highlights Rs. Crores Total Income from Operations^ EBIDTA^ PAT +20% +66% +232% 110.2 17.0 10.0 92.1 10.2 3.0 Q2FY20 Q2FY21 Q2FY20 Q2FY21 Q2FY20 Q2FY21 As per Ind AS ^ Includes other income 5
Slide 6: Q2 FY21 JV’s Performance Highlights
Q2 FY21 JV’s Performance Highlights Nippon Leakless Talbros Pvt Ltd* Magneti Marelli Talbros Chassis Systems Talbros Marugo Rubber Pvt Ltd* Pvt Ltd* Total Income from Operations Total Income from Operations Total Income from Operations 11.2 11.1 16.2 15.8 5.5 5.6 Q2FY20 Q2FY21 Q2FY20 Q2FY21 Q2FY20 Q
Slide 7: TACL Group – Corporate Structure
TACL Group – Corporate Structure Figures in Rs. Crores FY20^ H1 FY21^ Group Turnover As per I-GAAP Gaskets 265 100 Talbros Automotive Components Ltd. Forgings 134 62 FY20 H1 FY21 40% 50% 50% 688 246 Nippon Leakless Talbros Pvt Magneti Marelli Talbros Talbros Marugo Rubber Pvt Ltd.* Chassis Systems P
Slide 8: Talbros Automotive Components Ltd (TACL) - Group
Talbros Automotive Components Ltd (TACL) - Group Product Portfolio Entities TACL Group Turnover*(Rs. Crs) H1FY20 FY20 H1FY21 TACL Standalone 138 265 100 Gaskets Nippon Leakless Talbros Pvt Ltd 57 106 33 Forgings TACL Standalone 68 134 62 H1 H1 FY20 FY21 FY20 351 688 246 Chassis Magneti Marelli Talbr
Slide 9: Hedged Portfolio…
Hedged Portfolio… H1 FY21 - Revenue Contribution Segments Product Portfolio Market Exposure TMR 4% ▪ 2 Wheelers ▪ Gaskets ▪ OEMs NLK 7% ▪ 3Wheelers ▪ Heat Shields ▪ After Market MMT ▪ Passenger Vehicles ▪ Forgings ▪ Exports 9% ▪ Chassis Systems ▪ Commercial Vehicles ▪ Others Forgings ▪ Anti vibratio
Slide 10: Across varied segments…
Across varied segments… 7% 3% 6% 7% 8% 28% 11% 32% 36% FY19* 20% FY20* H1FY21* 35% 18% 23% 38% 28% 2 & 3 Wheelers Passenger Vehicle HCV & LCV Agri & Off Loaders Others 6% 5% 6% 6% 5% 5% 21% 18% FY20 27% FY19 H1FY21 68% 63% 70% OEM Exports After Market Others *Domestic Breakup 10
Slide 11: Having Diversified Customer base - Top 10 Customers
Having Diversified Customer base - Top 10 Customers Rs. Crores FY20 – Rs. 688 Cr.^ H1FY21 – Rs. 246 Cr.^ Honda Tata Motors, Motorcycle & 3% Scooter India, Gkn Tata DANA ITALIA 3% Driveline Bru Cummins, Hero S.R.L, 3% Hero nico, 4% 6% Motocorp, Motocorp, 11% 11% TATA Tata Cummins, 7% Honda Motors, 4%
Slide 12: Order Inflow
New Order Wins provide long term visibility Company has received aggregate orders worth USD 31 mn (Rs. 234 cr) including orders received in JV and subsidiary companies catering to Commenting on the order Mr. Anuj Talwar, Jt. Managing Director, Talbros Order Inflow Domestic and International markets
Slide 13: Q2 & H1 FY21 Consolidated Profit & Loss Statement
Q2 & H1 FY21 Consolidated Profit & Loss Statement Particulars (Rs. In crores) Q2 FY21 Q2 FY20 Y-o-Y H1 FY21 H1 FY20 Y-o-Y Revenue from Operations 108.3 90.7 19.3% 157.0 198.2 -20.8% Other Income 2.0 1.3 3.7 2.9 Total revenue from Operation 110.2 92.1 19.7% 160.7 201.2 -20.1% Raw Material 57.4 49.0 8
Slide 14: H1 FY21 Consolidated Balance Sheet
H1 FY21 Consolidated Balance Sheet ASSETS Sep-20 Mar-20 EQUITY AND LIABILITIES Sep-20 Mar-20 Non-current assets Equity Property, plant and equipment 145.4 149.2 Equity Share capital 12.3 12.3 Capital work in progress 1.4 0.6 Other equity 190.3 185.6 Investment property 2.8 2.9 Sub-total - Shareholde
Slide 15: H1 FY21 Consolidated Cash Flow Statement
H1 FY21 Consolidated Cash Flow Statement Particulars (Rs in Cr) H1 FY21 H1 FY20 PBT 1.4 9.0 Adjustments 16.0 13.0 Operating profit before working capital changes 17.4 22.1 Changes in working capital 11.7 -9.8 Cash generated from operations 29.1 12.3 Direct taxes paid (net of refund) -0.7 -1.5 Net Ca
Slide 16: Q2 & H1 FY21 Standalone Profit & Loss Statement
Q2 & H1 FY21 Standalone Profit & Loss Statement Particulars (Rs. In crores) Q2 FY21 Q2 FY20 Y-o-Y H1 FY21 H1 FY20 Y-o-Y Revenue from Operations (Net of Excise) 108.3 90.7 19.3% 157.0 198.2 -20.8% Other Income 2.0 2.5 3.7 4.1 Total revenue from Operation 110.2 93.3 18.1% 160.7 202.4 -20.6% Raw Materi
Slide 17: H1 FY21 Standalone Balance Sheet
H1 FY21 Standalone Balance Sheet ASSETS (Rs in Cr) Sep-20 Mar-20 EQUITY AND LIABILITIES (Rs in Cr) Sep-20 Mar-20 Non-current assets Equity Property, plant and equipment 145.4 149.2 Equity Share capital 12.3 12.3 Capital work in progress 1.4 0.6 Other equity 170.2 165.6 Investment property 2.8 2.9 Su
Slide 18: Q2 & H1 FY21 Standalone Cash Flow Statement
Q2 & H1 FY21 Standalone Cash Flow Statement Particulars (Rs in Cr) H1 FY21 H1 FY20 PBT 1.2 6.1 Adjustments 16.2 15.9 Operating profit before working capital changes 17.4 22.1 Changes in working capital 11.7 -9.8 Cash generated from operations 29.1 12.3 Direct taxes paid (net of refund) -0.7 -1.5 Net
Slide 19: Business Confirmations & Strategy
Business Confirmations & Strategy Gaskets Standalone Nippon Leakless JV* ▪ New Orders: • Order worth Rs. 7 Cr p.a. each for BS VI complaint Heat Shield product from two largest OEMs, supplies will start from FY22 ▪ Orders received in the past: 333 47 49 292 44 42 • Order worth Rs. 7 Cr from 2 Europe
Slide 20: Business Confirmations & Strategy
Business Confirmations & Strategy Magneti Marelli Talbros Chassis Systems Pvt Ltd (MMT)* +17% 68 ▪ Orders received in the past: 65 • Order worth Rs. 5 Mn from a European car manufacturer for 54 supplying EPP Support Bracket 43 • From a Domestic OEM for Lower Control Arm worth Rs. 10 Crs p.a. From an
Slide 21: Leadership Team driving Growth & Profitability
Leadership Team driving Growth & Profitability Joint Managing Director Director & Group CFO Anuj Talwar Navin Juneja Is a Bachelor in Business Is a B.Sc. (Mathematics) and Administration from college of Chartered Accountant (FCA). He is William & Mary, Virgina, USA and working as Finance Head of Tal
Slide 22: One of the Most Hedged Auto Component Players
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
Slide 23: Board of Directors
Board of Directors Mr. Naresh Talwar Mr. Umesh Talwar Mr. Varun Talwar Chairman Vice Chairman & MD Joint Managing Director Mr. Anuj Talwar Mr. Navin Juneja Mr. Vidur Talwar Joint Managing Director Director Non Executive Director Mr. V Mohan Mr Anil Kumar Mehra Mr. Amit Burman Independent Director In
Slide 24: 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 22 years of experience in the secretarial department and has worked with Constructions, Doosan Infracore, Escor
Slide 25: Standalone Business – Gaskets
Standalone Business – Gaskets ▪ In – House tool design and manufacturing H1 FY21 Revenue Rs 100 Crores* H1 FY21 OEM Breakup ▪ ~40% Market share in Gaskets 3x the Export Others 17% 2 & 3 Wheelers nearest competitor 3% 5% ▪ Market Leader in – Two Wheeler, Agri & 20% Passenger Vehicle After 45% Off Loa
Slide 26: Standalone Business – Forgings
Standalone Business – Forgings H1 FY21 Revenue Rs 62 Crores* ▪ One stop solution for Hot Forging Exports (750 to 2,500 Ton Press) 50% ▪ In-House tool design and manufacturing OEM Others ▪ Strong presence in Overseas Market & 45% 5% Supplier to top Tier I companies ▪ One Stop Solution for Die Design,
Slide 27: 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
Slide 28: 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
Slide 29: Strong Global Partnerships - Joint Ventures
Strong Global Partnerships - Joint Ventures Joint Ventures About the JV Products Customers ▪ Nippon Leakless Corporation (Japan) - One of the ▪ Hero Motor Corp largest global manufacturers of gaskets and a ▪ HMSI major Supplier for Honda Gaskets ▪ India Yamaha ▪ Honda Car India ▪ Established in 2005
Slide 30: Hedged Customer Base
Diversified Customer - OEM 2 Wheeler Passenger Hedged Customer Base HCV/LCV Agri & Off Loader Agri & Off Loader 30
Slide 31: Equity
Equity Consistently paying Dividend for the last 50 years In Rs 1.8 1.5 1.5 1.5 1.5 1.2 1.2 1.2 1.2 1.2 1.0 0.5 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 Promoter Shareholding 56.6% 56.6% 56.6% 56.6% 58.2% 51.5% 53.9% 54.0% 44.5% 45.6% 46.3% 41.6% 37.8% Jun-09 Jun-10 Jun-11 Jun-12
Slide 32: Appreciation From Customers
Appreciation From Customers 32
Slide 33: Customer Awards for Best Performances
Customer Awards for Best Performances ACMA 16th Quality Circle HR Association India PNGI HR Eicher Engine Toyota Kirloskar Competition 2019 Gold Award 2019 Excellence Award 2018 Supplier Meet 2018 Zero Defect Supplies 2018 Toyota Kirloskar Kirloskar Achieving targets in Quality 2018 Supplier quality
Slide 34: 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 Mr. Navin Juneja – Director & Group CFO Mr. Shogun Jain / Ms. Akashi Modi Email: navinjuneja@q
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