Slide 1: Corporate Presentation
Ba CORPORATE PRESENTATION 25.05.2018 May’18 /
Slide 2: A Journey Through Time...
A Journey Through Time... May’18 /
Slide 3: I came to India in 1916…
I came to India in 1916… May’18 /
Slide 4: I have seen two World Wars...
I have seen two World Wars... May’18 /
Slide 5: I saw my country get partitioned…
I saw my country get partitioned… May’18 /
Slide 6: I start motorcycles…
I start motorcycles… May’18 /
Slide 7: …And power submarines
…And power submarines May’18 /
Slide 8: I light up homes...
I light up homes... May’18 /
Slide 9: ...And protect nuclear power plants
...And protect nuclear power plants May’18 /
Slide 10: I drive mining locos four kilometres inside the earth…
I drive mining locos four kilometres inside the earth… May’18 /
Slide 11: …And harness solar energy in the Himalayas at 15,000 feet
…And harness solar energy in the Himalayas at 15,000 feet May’18 /
Slide 12: I store power across five continents…
I store power across five continents… May’18 /
Slide 13: I have fifteen crore users at any point of time…
I have fifteen crore users at any point of time… May’18 /
Slide 14: I have been a market leader every year for more than 100 years
I have been a market leader every year for more than 100 years… May’18 /
Slide 15: Profits and dividends every year for more than 100 years
I have made profits every year for more than 100 years… I have paid dividends every year for more than 100 years May’18 /
Slide 16: I sell one product every second
I sell one product every second I only compete with time May’18 /
Slide 17: I am ageless, I am timeless
I am ageless I am timeless May’18 /
Slide 18: Who am I?
#DriveTheNext Lat.
Slide 19: I am celebrating 100 years of uninterrupted market leadership
I am CELEBRATING 100 YEARS OF INNOVATION 100 YEARS OF ASPIRATION 100 YEARS OF DREAMS FOR UNINTERRUPTED MARKET LEADERSHIP May’18 / 19
Slide 20: Market Cap Growth Over Two Years
MARKET CAP GROWTH OVER TWO YEARS May’18 / 20
Slide 21: 2017 – The Year Of Reckoning
2017 – The Year Of Reckoning Brand Rank Automobile Related Super Category #1 #2 MRF #3 BOSCH #4 APOLLO #5 CEAT #6 CASTROL # 11 SERVO May’18 / 21
Slide 22: About Us
ABOUT US Independent company headquartered in Kolkata , India Products – Lead Acid Storage Batteries (2.5Ah to 20,000Ah) & Inverters One of the leading producers of lead-acid storage batteries for both automotive and industrial applications globally. May’18 / 22
Slide 23: Organisational Structure – Board of Directors
ORGANISATIONAL STRUCTURE Include the following eminent personalities : Board of Directors Mr. Bharat D Shah Mr. R.B. Raheja Mr Nawshir Mirza Mr. Vijay Aggarwal Mr. Sudhir Chand Mr Gautam Chatterjee Ms. Mona N Desai Managing Director & Chief Mr Surin Kapadia Executive Officer Mr. Subir Chakraborty Mr
Slide 24: Shareholding Pattern %
SHAREHOLDING PATTERN % Promoter Holding 11.84% Foreign Institutional Investors 8.44% 45.99% MF's and other Financial Institutions 19.35% Bodies Corporate 14.38% Indiviuals and others May’18 / 24
Slide 25: Corporate Structure
CORPORATE STRUCTURE Exide Industries Limited Indian Subsidiaries Foreign Subsidiaries Associated Battery Manufacturers Chloride International Limited (Ceylon)Ltd, Sri Lanka Chloride Power Systems and Chloride Batteries S.E Asia Pte Solutions Limited Limited, Singapore Chloride Metals Limit
Slide 26: Milestones - Firsts
MILESTONES - FIRSTS First PP Batteries in India First to launch battery with warrantee for life of vehicle. First choice of all manufacturers. First to have totally sealed for life batteries in India First to supply Li-Ion in India First to produce batteries for E-Bikes in India First
Slide 27: Our Vision, Our Mission & Our Core Values
OUR VISION, OUR MISSION & OUR CORE VALUES Our Our Core Our Vision Mission Values • Customer Orientation • “Simultaneous to • “ To carefully • Personal Integrity providing credible balance the interests and commitments value addition to of all stakeholders • Teamwork and customers, strive to fulfill
Slide 28: 1916 – 1981 Timeline
1916 – 1981 1916 1946 1969 1976 1981 Chloride Electrical Storage Co. (CESCO), First factory Second factory R&D Centre Third factory UK set up Trading - Shamnagar, - Chinchwad, established in - Haldia, Operations in India as West Bengal Pune Kolkata West Bengal an Import House May’18 / 28
Slide 29: 1994 – 2000 Timeline
1994 – 2000 1994 1995 1997 2000 1998 Chloride Takeover of the 100% Acquisition in Technical Fourth factory Industries industrial undertakings CBSEA, Singapore & collaboration with - Hosur, Tamil renamed as Exide of Standard Batteries 49% Acquisition in Shin Kobe Japan Nadu Industries Ltd. as a going
Slide 30: 2003 – 2007 Timeline
2003 – 2007 2003 2005 2007 2008 New JV Company 50% Acquisition in 51% Acquisition of Commissioning of Plant at in UK - ESPEX ING Vysya Life Leadage Alloys Bawal formed 51% Insurance India Ltd. holding May’18 / 30
Slide 31: 2010 – 2014 Timeline
2010 – 2014 2010 Exide signs separate agreement with Commissioning of Furukawa for Tech transfer for Start- Ahmednagar Plant Stop Battery 2012 Technical Forayed into Acquisition of balance collaboration manufacture of Sine 49% shares in ESPEX with East Penn Wave Invertors for Batteries Ltd, UK Manuf
Slide 32: 2016 – 2018 Timeline
2016 – 2018 2016 Ultra Battery Technical Technical Collaboration with (Industrial) Collaboration with Chilwee, China Collaboration with E-Coult, Australia EPM, USA 2017 EIL gets total Brand Rights in India and few Technical Partnership with other Countries after Out of Court Settlement Collaboration
Slide 33: Industry Structure
INDUSTRY STRUCTURE Lead Storage Battery Industry Automotive Industrial Submarine Batteries Batteries Batteries OEM Infrastructure Traction Exports Others Railways Aftermarket Telecom Exports Power Solar Power Back- up May’18 / 33
Slide 34: Our Product Range
OUR PRODUCT RANGE Non Two Other Motive Automotive Standby Railways Conventional Wheelers automotive Power Energy MC Li-Ion Train Passenger conventio Hybrid Traction Power Lighting & Solar Vehicles nal Vehicles Air Automotiv conditioning Motorcycl Generator Electric e Stop Telecom e MF Starting Vehic
Slide 35: Our Product Range
OUR PRODUCT RANGE Automotive Standby Flooded • Conventional - 32 AH To 200 •16 AH To 3000 AH AH Motive Power • Maintenance Free - 32 AH To 200 • 50 AH To 1550 AH AH VRLA AGM Motorcycle •2V - 80 AH To 6000 AH • Conventional - 2.5 AH To 14 •12V - 7 AH To 200 AH AH VRLA GEL • Maintenance Free - 2.5 AH
Slide 36: Manufacturing Capacities
MANUFACTURING CAPACITIES Factories (Established) Capacity per year Mn Units M Ah Auto MC Indl Shamnagar (1946) 1.4 636 Bawal Chinchwad (1969) 3.4 2.6 Haldia (1981) 3.8 1102 Hosur (1997) 3.0 1086 Haldia Shamnagar Taloja (1998) 2.8 1.2 Taloja Ahmednagar Bawal (2003) 13.2 Chinchwad Ahmednagar (2010) 11
Slide 37: Technology – Our R&D Centre
TECHNOLOGY – OUR R&D CENTRE Recognized by the Department of Scientific & Industrial Research, Ministry of Science & Technology, Government of India since April 1977. Various patents filed in Japan/India & Published in Japan, Europe, USA Over 50 professionals working in this facility A specia
Slide 38: New Product Development
NEW PRODUCT DEVELOPMENT Meet stringent OEM specifications of Global Giants. Specifications in line with all specifications and in addition individual requirements of different customers. Cold starting - or export market – OEM exports to Europe – High CCA LONG LIFE – Warranty on batteries are 6
Slide 39: Quality Systems – Certifications - TUV
QUALITY SYSTEMS – CERTIFICATIONS - TUV Shamnagar • Chinchwad • Haldia • Hosur • Taloja • Bawal • • ISO 9001:2008 • ISO 14001:2004 • TS 16949 : 2009 • OSHAS 18001 : 2007 May’18 / 39
Slide 40: Auto Industry Highlights
AUTO INDUSTRY HIGHLIGHTS Fourth Largest in Largest in Two Passenger Wheelers Cars Major Eighth Auto Largest in Emerging Manufact Commercial INDIA uring Hub Vehicles Global Hub Largest in for small cars Tractors May’18 / 40
Slide 41: 4-Wheeler Production
4-WHEELER PRODUCTION SIAM Production Qty (in Lakhs) 90.00 77.63 80.00 72.33 70.00 66.87 52.98 54.96 57.02 60.58 Industry Growth Momentum to continue. 60.00 50.00 EIL has and will maintain same pace of 40.00 growth as the Automobile Industry 30.00 20.00 10.00 0.00 May’18 / 41
Slide 42: 2-Wheeler Production
2-WHEELER PRODUCTION SIAM Production Qty (in Lakhs) 300.00 276.07 247.99 250.00 222.77 190.15 Industry Growth Momentum to 200.00 161.48 177.34 180.92 continue. EIL has and will maintain same 150.00 pace of growth as the Automobile 100.00 Industry 50.00 0.00 May’18 / 42
Slide 43: Some of Our Automotive Customers
SOME OF OUR AUTOMOTIVE CUSTOMERS May’18 / 43
Slide 44: Some of Our Motorcycle Customers
SOME OF OUR MOTORCYCLE CUSTOMERS May’18 / 44
Slide 45: Cost & Quality – Our Smelting Business
COST & QUALITY – OUR SMELTING BUSINESS May’18 / 45
Slide 46: Our Global Network
OUR GLOBAL NETWORK 1. AFGHANISTAN 2. BANGLADESH 3. SRI LANKA 4. MALAYSIA 5. SINGAPORE 6. INDONESIA 7. AUSTRALIA 8. COLOMBIA 9. PARAGUAY 36 10. ARGENTINA 11 11. CANADA 34 12. MAURITIUS 35 13. KENYA 14. TANZANIA 37 15. GHANA 33 20 16. SOUTH AFRICA 1 19 17. NIGERIA 31 18. DR CONGO 30 28 2 19. SOUTH KOR
Slide 47: Subsidiaries - CBSEA
SUBSIDIARIES - CBSEA www.cbsea.com.sg CBSEA – Chloride Batteries South East Asia Pte. Ltd., registered office at Singapore. A 100% subsidiary of EIL CBSEA caters to south east Asian markets, Japan, Korea and China The Singapore bus company, SBS Transit relies on automotive batteries from CBSEA The C
Slide 48: Subsidiaries - ESPEX
SUBSIDIARIES - ESPEX www.espexbatteries.co.uk Espex Batteries Ltd - registered office at Cardiff UK Espex was established with 51% stake of EIL in 2003. In 2012 with additional 49% acquisition became 100% subsidiary of EIL Stock of over 20,000 cells and batteries at factory & warehousing site in Car
Slide 49: Auto Export Sales Trend
AUTO EXPORT SALES TREND Auto Vehicular Battery Units Auto Vehicular The Domestic Market was booming and consumed bulk of the Manufacturing Capacity. As a result, we could not focus on Exports till last year. However, with 25% 39% added capacity now, Exports will 15-16 16-17 17-18 receive adequate fo
Slide 50: Some of Our Major Brands - Automotive
SOME OF OUR MAJOR BRANDS - AUTOMOTIVE EXIDE CHLORIDE DYNEX INDEX TUDOR SF SONIC • DOMESTIC • DOMESTIC • DOMESTI • DOMESTIC • DOMESTI • DOMEST • EXPORT* • EXPORT* C • EXPORT C IC • EXPORT • EXPORT • Available • Available in some in some countries countries May’18 / 50
Slide 51: Our Brands
#DriveTheNext OUR BRANDS OUR BRANDS EXIDE EXIDE} Mileage EEZY ee ay KISAN SHAKTI DCO MREXIDE, 0 EKO Ajfore XTREME~ :))\\ >: 4 oe . EXIDE EXIDE asi) GENPLUS jinsn4 IN VALINE 21S Tri cie EW Sad
Slide 52: Renewable Energy Solutions
RENEWABLE ENERGY SOLUTIONS 26 K.W Solar Power Plant at Sagar Island - West Bengal • 32 K.W Wind Solar Hybrid at Sagar Island - West Bengal • Powers 4 Villages & Marketplace Power Control Systems May’18 / 52
Slide 53: Renewable Energy Solutions
RENEWABLE ENERGY SOLUTIONS Mini Solar Lanterns Solar Homelight Lights 2 to 6 Rooms & Fan or T.V •Affordable for All - Rs. 1470 upwards •In house Design & Manufacture - Low Cost, Low Price •Distribution - All India through Exide Channels •New Concept: Subsidy Level Pricing without Govt. Subsidy May’1
Slide 54: Submarine
SUBMARINE We cater to the needs of all possible sectors requiring storage power A special focus is given to the critical application of submarines We call it “The Lifeline at the bottom of the sea” Dedicated assembly for submarine battery production Specially trained manpower Performance
Slide 55: A Decade in Retrospect
A DECADE IN RETROSPECT CAGR Top-Line grown by 12% Operating Profit grown by 10% PBT grown by 10% Net Profit grown by 10% Market Capitalisation grown by 23% May’18 / 55
Slide 56: Growing Sales Over the Years
GROWING SALES OVER THE YEARS 10000 (INR Crs) 9000 9186 8000 7000 7583 6866 6848 6000 6071 5964 5000 5107 4000 4554 3000 3794 3393 2000 1000 CAGR – 12% 0 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 Euro 419 468 562 630 750 736 848 845 936 1134 (Mln) US$ 506 566 680
Slide 57: EBITDA Over the Years
EBITDA OVER THE YEARS 1400 (INR Crs) 1200 1241 1000 1082 1026 800 893 903 917 825 790 600 687 549 400 CAGR – 10% 200 0 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 Euro 68 110 111 85 98 102 113 127 134 153 (Mln US$ 82 133 135 103 118 123 137 153 162 185 (Mln) May’1
Slide 58: EBITDA % Over the Years
EBITDA % OVER THE YEARS 25 23.5 20 19.8 15 16.2 15.0 13.8 14.3 13.5 13.0 13.4 13.5 10 5 0 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 Target is to reach 15% in 2 / 3 years May’18 / 58
Slide 59: PBT Over the Years
PBT OVER THE YEARS 1400 (INR Crs) 1200 1048 1000 976 908 940 800 811 798 723 742 645 600 400 435 200 CAGR – 10% 0 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 Euro 54 100 116 80 92 89 99 112 120 130 (Mln) US$ 65 121 140 96 111 108 119 136 146 157 (Mln) May’18 / 59
Slide 60: Market Capitalisation
MARKET CAPITALIZATION 23000 36 34 21000 (INR Crs) 33.1 32 19000 30 27.4 27.7 28.2 28 17000 27.5 26 Market Capitalisation 24 15000 22 21.1 P E Ratio 13000 19.6 21.0 20 18.2 19.1 18 11000 22100 16 19040 18870 14 9000 11.7 15105 12 7000 10 12134 12657 11003 11870 8 10549 10285 5000 6 3000 4 CAGR – 23%
Slide 61: Pillars
PILLARS Technology Brand Customers May’18 / 61
Slide 62: Technology
TECHNOLOGY To remain ahead of Domestic Peers To remain prepared for Impending Disruptions May’18 / 62
Slide 63: New Emerging Applications
NEW EMERGING APPLICATIONS • Low Emission Norms – BS VI from April, 2020 • Energy Storage Applications • Bullet Train • Electric Vehicles May’18 / 63
Slide 64: Brand
BRAND Promise of Faith and Trust Promise of Life and Reliability May’18 / 64
Slide 65: Customer
CUSTOMER Joy to Interact with Exide Best Value for Money Relationship beyond Business Decades of Loyalty Better Lose Money than the Trust of the Customer May’18 / 65
Slide 66: Customer Reach
CUSTOMER Reach Indian Operation - Regional Offices 55 - Automotive Dealers 21,313 - Industrial Dealers 2,313 - Service Locations 174 Global relationship with marquee clients including Indian automakers like Tata Motors, Mahindra, Maruti and Hero Honda International automakers in India like T
Slide 67: Customer Service
CUSTOMER Service 150 Million Consumers under Warranty at any point of time Batmobile Operates in 60 Cities 2-Wheeler Service to Sub-Dealers – resolution in few hours May’18 / 67
Slide 68: Thank You.
#DriveTheNext Thank You.