Lumax Auto Technologies Limited · NSE:LUMAXTECH
Lumax Auto Technologies — Investor Presentation (February 2018)
49 slides from Lumax Auto Technologies's investor presentation, February 2018
Slide 1: Lumax Auto Technologies Limited Investor Presentation - February 2018
Lumax Auto Technologies Limited Investor Presentation - February 2018
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Lumax Auto Technologies Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for a
Slide 3: DK Jain Group
DK Jain Group Leader in Automotive Lighting & Seven Decade Strong Gear Shifters 14 Entities in 8 States 27 Manufacturing Facilities 3 R&D Centres (India) Over 8,000 Employees & 1 Design Centre (Taiwan) 3
Slide 4: Two Listed Entities
Two Listed Entities Lumax Auto Technologies Limited Group Revenue Break Up (%) Products & Services FY 17 Revenue of Rs. 2,500 Cr Intake Systems, Integrated Plastic modules, 2-wheeler Chassis & Lighting, Gear Shifters, Seat Structures & Mechanisms, LED Lighting, Aerospace & Defence Engineering Servic
Slide 5: Purpose, Vision & Values
Purpose, Vision & Values GROUP PURPOSE We deliver pride and progress with positivity VISION Building an admired high performance global organisation in whom all stakeholders have absolute trust VALUES Respect | Integrity | Passion | Excellence 5
Slide 6: Diversified Product Range – 4-wheelers & CV
Diversified Product Range – 4-wheelers & CV ▪ Destination Boards & Urea Tanks for Commercial Vehicle ▪ Telematics Products & Services Aftermarket products 6
Slide 7: Diversified Product Range – 2-wheelers
Diversified Product Range – 2-wheelers Aftermarket products 7
Slide 8: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence Japan Korea Italy Japan JV for Lighting and other JV for Gear Shifters JV for Lighting JV for Emission Systems automotive parts Relationship Since 1984 Relationship Since 1997 Relationship Since 2007 Relationship Since 2008 37.5% in Lumax Industries 78.72
Slide 9: 27 Locations close to Customers
27 Locations close to Customers State Mfg Locations # Haryana Bawal 1 Dharuhera 1 Gurugram 2 Manesar 3 Maharashtra Pune 8 Waluj 2 Karnataka Bengaluru 2 Gujarat Sanand 1 Facilities Location Mehsana 1 Gurugram, Manesar, R&D Centre Tamil Nadu Sriperumbudur 1 Pune Design Centre Taiwan Uttarakhand Haridw
Slide 10: Enhanced 360° Customer View
Enhanced 360°Customer View Understand the Customer ▪ A real understanding of varying customer needs & the capability to deliver outstanding results Environmental Conscious Experienced Team ▪ Environment-conscious work ▪ Highly Qualified & Experienced practices workforce of dedicated professionals Te
Slide 11: Relationships with Diversified Customers
Relationships with Diversified Customers Two Wheeler Four Wheeler Commercial Vehicle Tier 1 11
Slide 12: Relationships with Diversified Customers … Strong After Market Exports Presence
Relationships with Diversified Customers Tractor/FES Export Defence & Aero Space … Strong After Market Exports Presence 12
Slide 13: Driving Growth through Diversified Products
Lumax Auto Technologies Limited Driving Growth through Diversified Products 13
Slide 14: Competitive Strengths
Competitive Strengths Award Lumax Brand Awarded with Prestigious JIPM Award Renowned LUMAX Brand Auditors Customer Outreach Statutory Auditors - S. R. Strong OEM presence Batliboi & Co. LLP. & Over 300 Channel Partners Internal Audit by PwC Products & Services R&D Centre Intake Systems, Integrated P
Slide 15: Milestones
Milestones 1997: A Unit was setup in 2007-10 Waluj, Maharashtra to manufacture Chassis 2000: The company was 1981: Lumax Auto Electricals selected as cluster member was established to manufacture 2007: Setup Seat frame for TPM activities by Bajaj 2001-2006 manufacturing plant in PCNTDA, 2-wheeler Li
Slide 16: Milestones
Milestones 2013: Setup a plant at Narsapur, Karnataka to manufacture Moulded parts Formed JV with Gill Austem LLC, USA to manufacture Seat frames 2017 & Mechanism 2014: JV company with Mannoh 2011: Setup state-of-the art Industrial Company, Japan Surface Mounted Technology started as Lumax Mannoh Al
Slide 17: Well defined Corporate Structure
Well defined Corporate Structure Lumax Auto Technologies Limited 100% 50% 50% 55% 100% 100% (2006) Lumax Mannoh Lumax Lumax Cornaglia Lumax Gill-Austem Lumax DK Auto Allied Management Lumax Integrated Auto Technologies Auto Technologies Industries Limited Technologies Services Pvt Ventures Limited P
Slide 18: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence USA Italy Japan Korea Italy JV for Seat Frames, JV for Integrated Logistic JV for Emission Systems JV for Gear Shifters Structures and Support Engineering Mechanism Relationship Since 2007 Relationship Since 2008 Relationship since 2013 Relationship since
Slide 19: Cater to Diversified Segments
Cater to Diversified Segments ✓ Lighting Module(incl. ✓ Gear Shift Lever ✓ Integrated Plastic HT/TL/Indicators & Put Text Here Your Text Here Modules Others) ✓ Intake Systems ✓ Gear Shift Lever ✓ Chassis for 2-wheelers ✓ Seat Frames & Mechanism ✓ Seat Frames & ✓ Integrated Plastic Mechanism Modules
Slide 20: Key Customer Relationships
Key Customer Relationships Four Wheeler Commercial Vehicle Two Wheeler Export Tier 1 20
Slide 21: Strategic Locations Close to Customers
Strategic Locations Close to Customers Manesar (HR) Pantnagar (UK) No of Plants: 3 No of Plants: 1 SMT,LED Lighting Integrated Plastic Products Products Painted Parts Modules Gear Shifters Domestic Trading Gurugram (HR) Domestic and Exports Trading - After Markets Chakan & Bhosari ( (MH) Mehsana (GJ
Slide 22: Share Holding as of 31st December, 2017
Share Holding as of 31st December, 2017 Shareholding breakup Others 23.7% Institutions Promoters 20.7% 55.6% 22
Slide 23: Experienced Promoters
Experienced Promoters Mr. Dhanesh Kumar Jain Mr. Anmol Jain Mr. Deepak Jain Chairman Managing Director Director ▪ He is 75 years of age & holds a MBA degree ▪ He is 38 years of age & holds Bachelors in ▪ He is 43 years of age & is a Business from Delhi university & has successfully Business Administ
Slide 24: Supported by Strong Independent Directors
Supported by Strong Independent Directors Mr. Sandeep Dinodia ▪ He is 55 years of age & is a B.Com, LLB, FCA ▪ He is a practicing Chartered Accountant & designated Partner in SR Dinodia & Co. LLP. He has over 25 years of rich experience in Mr. Dhiraj Dhar Gupta the fields of Assurance, Regulatory &
Slide 25: New Directors on the Board
New Directors on the Board Ms. Diviya Chanana ▪ She is 44 years of age and she is a Graduate & holds Diploma in Travel and Tourism. She has over 15 years of rich experience in the said field ▪ She is Executive Director of Damus Travels Private Limited. The Company is engaged in supporting and auxili
Slide 26: Professional & Experienced Team
Professional & Experienced Team Mr. Naval Khanna Mr. Sanjay Mehta Mr. Ashish Dubey Mr. B S Bhadauriya Ms. Swapnal Patane Corporate Head – Taxation Group – Chief Financial Officer Chief Financial Officer Group – Company Secretary Company Secretary Age: 59 years Age: 50 years Age: 50 Years Age: 53 Yea
Slide 27: Professional & Experienced Team
Professional & Experienced Team Mr. Sanjay Bhagat Mr. Rajesh Dubbewar Mr. Vivek Jakhmola Head After Market Head Metallic Head Body & Trim Age: 52 years Age: 50 years Age: 41 years Experience: 28 years Experience: 30 years Experience: 20 years Mr. Gautam Desai Mr. Girish Diwan Head Emission Head Luma
Slide 28: Clear focus on Improving Performance
Clear focus on Improving Performance 1 Achieve Leadership in India & Set Sight on the Global Market The Only Gear Shifter Manufacturer in India to have Localised R&D Capability and 2 Gearing to Access the Global Markets 3 Air Intake Systems – Increase Presence in Domestic Market & Enhance Customer O
Slide 29: Financial Performance
LUMAX Financial Performance
Slide 30: Product-wise Revenue FY17 & 9MFY18
Product-wise Revenue FY17 & 9MFY18 Product-wise Revenue mix FY17 (%) Product-wise Revenue mix 9MFY18 (%) Gear Intake Moulded Gear Intake Moulded Shifter & Systems Parts Shifter & Systems Parts Parking 4% 14% Parking 4% 18% Brakes Brakes 11% 12% Chasis & Chasis & Frames Frames 8% 6% After Market 19%
Slide 31: Segmental Revenue Break-Up 9MFY18
Segmental Revenue Break-Up 9MFY18 Sales Channel (%) Category (%) 16 10 45 16 29 84 OEM After Market 2/3 Wheeler Passenger Car After Market Others 31
Slide 32: Client wise- Revenue FY17 & 9M FY18
Client wise- Revenue FY17 & 9M FY18 Client-wise Revenue mix FY17 (%) Client-wise Revenue mix 9MFY18 (%) others 14% Toyota Others Toyota 3% 13% Bajaj Auto 2% Bajaj Auto 32% 38% MSIL MSIL 6% 6% HMSI 9% LIL HMSI 12% 13% Aftermarket LIL 16% Aftermarkets 17% 19% 32
Slide 33: Expansion funded through Internal Accruals
Expansion funded through Internal Accruals Gross Block* Long Term Loan* 343 352 51.6 332 294 306 40.2 211 28.1 27.2 18.0 10.0 FY13 FY14 FY15 FY16 FY17 H1FY18 FY13 FY14 FY15 FY16 FY17 H1FY18 Capex* Long Term Debt / Equity 91 0.23 84 0.16 0.13 36 0.10 31 0.06 13 12 0.02 FY13 FY14 FY15 FY16 FY17 H1FY18
Slide 34: Revenue & Return Ratios
Revenue & Return Ratios Revenue * EBITDA * 8.76% +183 bps 10.59% 1,012 905 82.6 766 763 837 780 67.1 66.8 68.4 70.5 60.4 FY13 FY14 FY15 FY16 FY17 9MFY18 FY13 FY14 FY15 FY16 FY17 9MFY18 PAT * Cash PAT * 58.1 54.1 41.1 52.0 48.4 52.6 35.5 47.8 31.8 34.1 30.2 29.0 FY13 FY14 FY15 FY16 FY17 9MFY18 FY13 F
Slide 35: Return Ratios
Return Ratios ROE (%) ROCE (%) 19.4 25.3 18.5 20.0 13.4 17.6 18.0 18.3 11.2 11.2 10.8 11.2 FY13 FY14 FY15 FY16 FY17 H1FY18 FY13 FY14 FY15 FY16 FY17 H1FY18 Dividend (% of Face Value) EPS (in Rs.) 70.0 30.1 60.0 60.0 25.3 26.1 22.2 23.3 47.0 47.0 21.0 FY13 FY14 FY15 FY16 FY17 FY13 FY14 FY15 FY16 FY17
Slide 36: Quarterly Performance Highlights
Quarterly Performance Highlights^ Revenue EBIDTA * PAT after MI +26% +68% +208% 277 30 13 220 18 4 Q3FY78 Q3FY18 Q3FY17 Q3FY18 Q3FY17 Q3FY18 EBIDTA Margin (%) PAT after MI Margin (%) +268 bps +277 bps 10.7% 4.7% 8.1% 1.9% Q3FY78 Q3FY18 Q3FY78 Q3FY18 In Rs. Crores *EBITDA Includes Other Income & shar
Slide 37: Consolidated P&L Statement
Consolidated P&L Statement* Particulars (Rs. in crores) Q3 FY18 Q3 FY17 YoY 9M FY18 9M FY17 YoY Net Revenue from Operations 277.22 220.12 25.9% 779.89 741.98 5.1% Raw Material Consumption 191.49 157.13 543.16 530.51 Employee Expenses 28.47 24.44 81.52 72.72 Other Expenses 29.32 22.25 81.83 80.09 Pro
Slide 38: Consolidated Balance Sheet
Consolidated Balance Sheet* Equity & Liabilities (Rs. in crores) Sep-17 Mar-17 Assets (Rs. in crores) Sep-17 Mar-17 Equity 403.50 393.36 Non-current assets 361.66 360.12 Equity share capital 13.63 13.63 Property, Plant & Equipment 224.59 225.27 other equity 363.20 355.95 Capital Work in progress 17.
Slide 39: Awards & Recognitions
LUMAX Awards & Recognitions
Slide 40: Awards & Recognition
Awards & Recognition Award – LATL Chakan Plant, Received JIPM Award for TPM Excellence, Category B on 23rd March 2017 40
Slide 41: Awards & Recognition
Awards & Recognition Award –Supplier Convention Received from HMSI on 17th February 2017 41
Slide 42: Awards & Recognition
Awards & Recognition Award –Lumax Mannoh awarded for efforts made for VA-VE from Maruti Suzuki on 8th May 2017 42
Slide 43: Awards & Recognition
Awards & Recognition Lumax DK Received “2nd Runner-up Award” at 3rd BAL/BAVA KAIZEN competition, Pantnagar on 23rd Feb 2017 43
Slide 44: Awards & Recognition
Awards & Recognition Award for Excellence in Consistent TPM Commitment 44
Slide 45: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 45
Slide 46: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 46
Slide 47: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 47
Slide 48: CSR Initiatives
CSR Initiatives Towards its endeavour to give back to society, the group has Health taken various initiatives Education towards Education of the underprivileged. Four schools in the NCR region, close to its facilities have been adopted, starting with improving its infrastructure, to facilitating the
Slide 49: For further information, please contact
For further information, please contact: Company: Investor Relations Advisors: Lumax Auto Technologies Limited Strategic Growth Advisors Pvt. Limited CIN: L31909MH1981PLC025519 CIN: U74140MH2010PTC204285 Ms. Priyanka Sharma Mr. Rahul Agarwal / Mr. Shrikant Sangani priyanka.sharma@lumaxmail.com rahul
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