Wheels India Limited · NSE:WHEELS
Wheels India — Q3 FY2025 Earnings Presentation
21 slides from Wheels India's earnings presentation, February 2025
Slide 1: Wheels India Limited Investor Presentation Q3FY25
Wheels India Limited Investor Presentation Q3FY25 111
Slide 2: TSF Group Overview
TSF Group Overview • Companies part of the T S Santhanam family with lineage from the erstwhile TVS Group ~$2.7 Bn. Consolidated Turnover FY22 • Diversified portfolio across Auto components, Dealerships & Distribution and Financial 1936 services Since 15 36+ Business • Global supply chain partner wi
Slide 3: TSF Group Companies
TSF Group Companies TSF Group Auto Components Auto Distribution & Dealerships Finance and Insurance Brakes India Sundaram Finance India Motor Parts & Accessories Wheels India Limited Royal Sundaram General Insurance Turbo Energy Sundaram Motors Sundaram Home Finance Axles India Madras Auto Sundaram
Slide 4: Promoters & Value system of TSF
Promoters & Value system of TSF Wheels India Limited (WIL) is part of the TSF Group and was established in 1960 WIL is a listed Company, wherein Promoters hold 58.73 % of the equity capital . Value systems of WIL are Relationships, Integrity , Customer Centricity and Excellence . 4
Slide 5: Wheels India Ltd - Company Profile
Wheels India Ltd - Company Profile Tractor & Earth mover wheels Automotive - Steel & Aluminium Wheels 1960 Establishment Components for Wind Turbines Air suspension & Lift axles ~8,000 Workforce 10 Units Manufacturing plants Fab Sector Hydraulic Cylinders $ 530 Million $ 120 Million (Exports) WIL Ca
Slide 6: Journey of Wheels
Journey of Wheels WIL RENEWABLE CAST ALLOY ESTABLISHED CHASSIS AND ENERGY WHEELS PLANT, AT PADI, CONSTRUCTION EARTHMOVER FORGED SUSPENSION COMPONENTS, THERVOY CHENNAI, PASSENGER EQUIPMENT WHEELS ALLUMINIUM PRODUCTS IRUNGATTUKOTT KANDIGAI, TAMIL NADU CAR WHEELS WHEELS – - 1996 WHEELS PADI - 1986 AI-
Slide 7: Manufacturing Capability
Manufacturing Capability Passenger Car / UV Car / UV Wire Wheels CV – Tube type Commercial Vehicle CV - Tubeless Forged Aluminium Wheels Aluminium Wheels Cast Aluminium Wheels Off Road & Tractor Wheels Tractor Construction wheels Air Air Suspension Suspension Lift Axles Fab & Fabrication for CE Hydr
Slide 8: Plant Locations
Plant Locations Padi - CV, TR, LP, EM, AS, WW & Rampur - CV , LP , EM & TR Pune - CV, TR & LP Sriperumbudur - EM, SPDC & FAW AS Namachivayapuram - FAB Pukkathurai - WTC Mambakkam - AS Thervoy Kandigai - CAW Legend CV Commercial Vehicles TR Tractor LP Light Passenger Vehicle EM Earth mover Wheels AS
Slide 9: Key Customers
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Slide 10: Accreditations/Awards
Accreditations/Awards Caterpillar Supplier Excellence Overall Performance award Award 2022 by MSIL ISO 14001: 2015 & ISO 9001:2015 CERTIFICATION ISO 45001:2018 Certification 10
Slide 11: Accreditations/Awards contd…
Accreditations/Awards contd… Volvo Eicher Special award for Won the Supplier of the year contribution in supply chain 2024 award at TAFE IATF 16949 Certification 11
Slide 12: Business Overview
Business Overview WIL a leader in automotive wheels business , operates in two business segments , namely automotive products and industrial products . WIL has the following businesses in its fold ; Automotive wheels division – cars, trucks and tractors Construction equipment division comprising
Slide 13: Sales growth & Export Sales Growth
Sales growth & Export Sales Growth Values in INR Cr Sales 4619.03 4355.56 3701.07 2215.94 Q3 2024-25 2020-21 2021-22 2022-23 2023-24 Sales 1057.63 Export 267.63 Export sales (25.30%) 1215.91 YTD Dec’24 1000.65 976.20 Sales 3230.04 Exports 785.61 (24.32%) 566.01 25.54% 27.04% 22.41% 26.32% 2020-21 20
Slide 14: Q3 FY25 (Quarter) Summary Financials
Q3 FY25 (Quarter) Summary Financials Values in INR Cr / % Quarter ended Year ended Key Financials GOLY% Q3 FY 25 Q3 FY 24 31-03-2024 Gross revenues 1,057.63 1,131.43 4,619.03 -6.5% EBITDA 79.85 62.86 276.35 27.0% Interest 28.10 26.63 108.48 5.5% Depreciation 21.55 19.83 78.85 8.7% PBT 30.20 16.40 89
Slide 15: YTD Dec'24 Summary Financials
YTD Dec’24 Summary Financials Values in INR Cr / % Nine Months ended Year ended Key Financials GOLY% YTD Dec'24 YTD Dec'23 31-03-2024 Gross revenues 3,230.04 3,451.57 4,619.03 -6.4% EBITDA 236.88 179.73 276.35 31.8% Interest 81.58 81.35 108.48 0.3% Depreciation 62.82 58.56 78.85 7.3% PBT 92.48 39.82
Slide 16: Segment Revenue Q3 FY25 standalone
Segment Revenue Q3 FY25 standalone Values in INR Cr / % Segmental Revenue Q3 FY 25 Q3 FY 24 23-24 GOLY % Automotive components 848 917 3,783 -7% Industrial components 208 214 824 -2% Revenue from operations 1,057 1,130 4,607 -7% Segmental EBIT Q3 FY 25 Q3 FY 24 23-24 GOLY % Automotive components 48
Slide 17: Segment Revenue YTD Dec'24 standalone
Segment Revenue YTD Dec’24 standalone Values in INR Cr / % Segmental Revenue YTD Dec'24 YTD Dec'23 23-24 GOLY % Automotive components 2,614 2,830 3,783 -8% Industrial components 610 613 824 -1% Revenue from operations 3,223 3,443 4,607 -6% Segmental EBIT YTD Dec'24 YTD Dec'23 23-24 GOLY % Automotive
Slide 18: Capex
Capex Values in INR Cr 260.00 148.13 141.53 129.63 111.86 2020-21 2021-22 2022-23 2023-24 2024-25 Estimated Capex FY24 Capex in FY25 will go towards expansion of machining capacity of large wind mill castings, aluminium wheels ,agricultural tractor wheels and hydraulic cylinders, apart from funding
Slide 19: Funding metrics
Funding metrics Values in INR Cr/Percentage DEBT Debt Equity 1.26 1.08 811.06 1.02 755.20 708.52 716.55 0.93 609.17 0.88 2020-21 2021-22 2022-23 2023-24 2024-25 9M 2020-21 2021-22 2022-23 2023-24 2024-25 9M During YTD Dec’24 debt has Increased by Rs 8 crs Debt equity has dropped in YTD Dec’24 Debt t
Slide 20: Key strategies & focus areas, going forward
Key strategies & focus areas, going forward …. ROCE & RONW Percentage Grow exports of off-the-road wheels ( agri & constrn.. ) Ramp-up the expanded facility for machining of large castings Ramp-up cast aluminium wheel business Grow the hydraulic cylinder business • Working capital optimizati
Slide 21: Thank you
Thank you 21