Slide 1: Rane Group Earnings Presentation Q1 FY25
Rane Group Earnings Presentation | Q1 FY25 1
Slide 2: Table of Contents
Table of Contents Q1 FY25 Financial & Operational Performance Rane Group Overview 2
Slide 3: Rane Group Q1 FY25 Financial & Operational Performance
Rane Group Q1 FY25 Financial & Operational Performance 3
Slide 4: Vision and Growth Strategies
Vision and Growth Strategies To become the Preferred Trusted Supplier of Safety & Critical Auto Components Strategic pillars of growth 1 3 2 4 Strengthen Increased Focus Domestic on Aftermarket Leadership Increased mix of New Technology & International Product Revenues Introductions 4
Slide 5: Rane Group Business Drivers
Rane Group Business Drivers Business Drivers › 92%+ of revenue comes from powertrain agnostic products › Continued dominance on domestic market across major products › Increasing export mix for steering & linkages, valve train components and occupant safety products › Renewed focus on Aftermarket se
Slide 6: New Business Wins (Q1 FY25)
New Business Wins (Q1 FY25) RANE BRAKE LINING RANE (MADRAS) • Won Rs. 40 Cr order from International • Won orders for Rs. 3 Cr from various customer for ball joint components for PV domestic customers for PV application application • Won Rs. 3 Cr order for EPB in domestic EV • Won Rs. 10 Cr order fr
Slide 7: We continue to target higher than the industry growth
We continue to target higher than the industry growth Industry Performance Review (Q1 FY25) Passenger Vehicle commercial Vehicle Farm Tractor 2-Wheeler Production YoY Growth# 6% -1% -1% 20% in % Rane Group Sales Growth YoY 18% -3% -8% 10% in % (India OEM) Rane Group Revenue Split * 65% 25% 5% 3% (In
Slide 8: Group Aggregate Sales (Q1 FY25)
Group Aggregate Sales(Q1 FY25) Group Aggregate Sales (Rs cr.) › Sales increased by 2% from Rs. 1,744.1 Cr in Q1 FY24 to Rs. 1,770.3 Cr in Q1 FY25 – Revenue from Indian OE customers grew 9% supported by strong growth in PV segment 1,744.1 2% 1,770.3 – Revenues from International customers decreased 1
Slide 9: RHL consolidated – Financial Performance Review (Q1 FY25)
RHL consolidated – Financial Performance Review (Q1 FY25) Total Revenue (Rs cr.) EBITDA (Rs cr.) PAT (Rs cr.) 2.3 % 9.0% 9.5% 1.4% 1.3 % 61.2% 6.7% 19.5 YoY growth 79.8 YoY growth YoY growth 897.7 837.4 80.9 12.1 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 › Total Revenue decreased by 6.7% from
Slide 10: Rane (Madras) Limited
Rane (Madras) Limited Q1 FY25 Financial & Operational Performance 10
Slide 11: RML - Operational Performance Review (Q1 FY25)
RML - Operational Performance Review (Q1 FY25) Business Split (Q1 FY25) – RML India Business Drivers BY MARKET (%) › Demand environment in India remained challenging due to decline in the served India OEM&OES, Intl OEM, 31 models in farm tractor segment and lower sales of passenger cars 58 › Exports
Slide 12: RML Standalone – Financial Performance Review (Q1 FY25)
RML Standalone – Financial Performance Review (Q1 FY25) Total Revenue (Rs cr.) EBITDA (Rs cr.) PAT (Rs cr.) 1.5% 154.2% YoY growth 9.7% 8.6% 1.8% 13.4% 0.6% 7.6 532.1 522.3 YoY growth 51.9 YoY growth 44.9 3.0 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 › Total Revenue decreased by 1.8% from Rs.
Slide 13: RML Consolidated – Financial Performance Review (Q1 FY25)
RML Consolidated – Financial Performance Review (Q1 FY25) Total Revenue (Rs cr.) EBITDA (Rs cr.) PAT (Rs cr.) 0.6% 3.4 7.5% 8.0% Q1 FY24 Q1 FY25 590.0 11.3% 123.6% 4.5% 523.5 YoY growth (14.5) YoY growth YoY growth 44.0 42.0 (2.5)% Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 › Total Revenue decreased by 11.3% f
Slide 14: Rane Engine Valve Limited
Rane Engine Valve Limited Q1 FY25 Financial & Operational Performance 14
Slide 15: REVL - Operational Performance Review (Q1 FY25)
REVL- Operational Performance Review (Q1 FY25) Business Split (Q1 FY25) Business Drivers BY MARKET (%) › 41% of revenue generated from EV insulated segment. International OEM, 25 India OEM&OES, 59 International Aftermarket , 9 India Aftermarket, 7 BY VEHICLE SEGMENT (%) Operational Highlights SE & O
Slide 16: REVL – Financial Performance Review (Q1 FY25)
REVL – Financial Performance Review (Q1 FY25) Total Revenue (Rs cr.) EBITDA (Rs cr.) PAT (Rs cr.) 8.0% 7.6% 1.7% 1.8% 4.1% 37.7% 141.0 1.2% 138.5 YoY growth 11.1 YoY growth YoY growth 10.7 1.7 2.4 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 › Total Revenue increased by 1.8 % from Rs. 138.5 Cr in
Slide 17: Rane Brake Lining Limited
Rane Brake Lining Limited Q1 FY25 Financial & Operational Performance 17
Slide 18: RBL - Operational Performance Review (Q1 FY25)
RBL- Operational Performance Review (Q1 FY25) Business Split (Q1 FY25) BY MARKET (%) Business Drivers Intl OEM & India Aftermarket, 7 › Strong growth in Passenger Vehicle segment and increased penetration in two OEM&OES, 62 wheeler segment › Sluggish demand in Aftermarket segment due to liquidity is
Slide 19: RBL – Financial Performance Review (Q1 FY25)
RBL – Financial Performance Review (Q1 FY25) Total Revenue (Rs cr.) EBITDA (Rs cr.) PAT (Rs cr.) 11.3% 5.5% 8.1% 153.1 3.4% 70.5% 160.5 4.9% 46.6% 8.8 18.1 YoY growth 12.3 YoY growth YoY growth 5.2 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 › Total Revenue increased by 4.9% from Rs. 153.1 Cr in
Slide 20: ZF Rane Automotive India Private Limited
ZF Rane Automotive India Private Limited Q1 FY25 Financial & Operational Performance 20
Slide 21: ZRAI - Operational Performance Review (Q1 FY25)
ZRAI - Operational Performance Review (Q1 FY25) Business Split (Q1 FY25) BY MARKET (%) Business Drivers India OE- SGD, 37 › Muted growth in the CV segment impacted the growth of steering division Intl OEM- OSD, 28 › Exports of Occupant Safety products was impacted due to end of program of a part Ind
Slide 22: ZRAI - Financial Performance Review (Q1 FY25)
ZF Rane Automotive India Pvt Limited (ZRAI) - Financial Performance Review (Q1 FY25) Total Revenue (Rs cr.) EBITDA (Rs cr.) PAT (Rs cr.) 4.6% 9.8% 9.3% 8.6% 3.1% 2.6% 37.1% 545.5 502.1 YoY growth 49.3 50.8 YoY growth 23.0 YoY growth 14.4 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 › Total Revenu
Slide 23: Rane NSK Steering Systems Private Limited
Rane NSK Steering Systems Private Limited Q1FY25 Financial & Operational Performance 23
Slide 24: RNSS - Operational Performance Review (Q1 FY25)
RNSS - Operational Performance Review (Q1 FY25) Business Split (Q1 FY25) BY MARKET (%) Int OEM, 1 Business Drivers › Favorable growth in served models with the key customer India OEM&OES, 99 Operational Highlights BY VEHICLE SEGMENT (%) › Great Place to work (GPTW) certified for the second consecuti
Slide 25: RNSS - Financial Performance Review (Q1 FY25)
Rane NSK Steering Systems Private Limited (RNSS) - Financial Performance Review (Q1 FY25) Total Revenue (Rs cr.) EBITDA (Rs cr.) PAT (Rs cr.) Q1 FY24 Q1 FY25 4.3% -1.7 -7.1 (0.4)% 400.3 438.0 2.6% 34.3% 310.2% 9.4% YoY growth 17.4 YoY growth YoY growth 11.4 (1.6)% Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 › T
Slide 26: Rane Group About Us
Rane Group About Us Expanding Horizons eoeeoo eeoooe Beeoo5e
Slide 27: Rane Group – One of the Leading Auto Ancillary Player
Rane Group – One of the Leading Auto Ancillary Player GROUP SALES OF INR 7,199 CR (~USD 870 MN)-FY’24 Founded in 1929 and headquartered in Chennai, Rane Group is one of the STEERING AND SUSPENSION SYSTEMS preferred OE manufacturer and supplier for global auto majors 62% Rane (Madras) Ltd ZF Rane Aut
Slide 28: Holding Structure
Holding Structure Rane Holdings Ltd. (RHL) Subsidiaries Joint Venture/Associate Rane (Madras) Ltd. (RML) ZF Rane Automotive India 71.77% Pvt. Ltd. (ZRAI) 49% Rane Engine Valve Ltd. (REVL) 58.29% Rane NSK Steering Systems Pvt. Ltd. (RNSS) 49% Rane Brake Lining Ltd. (RBL) 50.03% Listed Share holding a
Slide 29: Rane (Madras) Ltd. (RML)
Rane (Madras) Ltd. (RML) MANUFACTURING PLANT • Market leader in steering gear and steering linkage products in India. We have started catering to hydraulic products such as HSU and steering cylinders. • Best in class manufacturing facilities at Chennai, Mysore, Puducherry and Pant Nagar. • End to en
Slide 30: Rane Engine Valve Ltd. (REVL)
Rane Engine Valve Ltd. (REVL) MANUFACTURING PLANT • Incepted In 1959, REVL manufactures valves and valve train components for various engine applications • Non Automotive applications such as power generation, marine, defence, locomotive, etc. • Comprehensive test laboratory for material characteris
Slide 31: Rane Brake Lining Ltd. (RBL)
Rane Brake Lining Ltd. (RBL) MANUFACTURING PLANT • Established in 1964, RBL is a leader in Friction Products across OEM segments and supplies products to over 15 countries • Technical collaboration with Nisshinbo Brakes Inc. • Library of widely tested and approved formulations to suit diverse market
Slide 32: ZF Rane Automotive India Private Limited
ZF Rane Automotive India Private Limited Joint venture partnership with ZF Group, Germany. MANUFACTURING PLANT Steering Gear Division • Design, Development and Application capability for complete Hydraulic Power Steering system for all vehicles. • Advanced design tools for 3D modeling, simulation, F
Slide 33: Rane NSK Steering Systems Private Limited (RNSS)
Rane NSK Steering Systems Private Limited (RNSS) MANUFACTURING PLANT • Joint venture partnership with NSK, Japan. • State-of-art R&D test lab for validation of steering columns. • Manufacturing facilities across four locations in Chennai, Bawal, Rudrapur & Ahmedabad. • Design & Development capabilit
Slide 34: Rane Group Product Range for Passenger Vehicle
Rane Group Product Range for Passenger Vehicle Rane (Madras) Light Metal Casting Products Valve train Components › Manual Steering Gears Pinion Housing › Steering Linkages Engine Timing Case Cover › Suspension Engine Valves Components Outboard Housing › Light Metal Casting Products Occupant Safety S
Slide 35: Rane Group Product Range for Commercial Vehicle
Rane Group Product Range for Commercial Vehicle Rane (Madras) Steering & Suspension Systems › Manual Steering Light Metal Casting Products Gears Hydraulic Pump Housing › Steering Linkages › Hydraulic Cylinders Manual Steering › Light Metal Casting Column Products Steering Wheel Rane Engine Valve Occ
Slide 36: Rane Group Product Range for Farm Tractors
Rane Group Product Range for Farm Tractors Rane (Madras) Steering & Suspension Systems Friction Materials › Manual Steering Gears Clutch Facings › Steering Linkages Manual Steering › Hydraulic Cylinders Brake Lining Column Manual RCB › Hydrostatic Steering Unit Steering Gear Light Metal Casting Prod
Slide 37: Rane Group Product Range for Two/Three-Wheeler
Rane Group Product Range for Two/Three-Wheeler Friction Materials Disc pad Rane Brake Lining › Disc Pads Rane Engine Valve › Engine Valves › Valve Guides Valve train Components Valve Guides Engine Valves 37
Slide 38: Rane Group Product Range for Other Applications
Rane Group Product Range for Other Applications Friction Materials Railway Brake Block Sintered Brake Pads Rane (Madras) › Manual Steering Gears › Steering Linkages › Light Metal Casting Products Rane Engine Valve › Engine Valves Suspension Steering & Suspension Systems › Valve Guides Engine Valves
Slide 39: Our Illustrious Journey
Our Illustrious Journey An illustrious journey of over 80 years from distributor of automobile and auto components to winner of Deming prize for manufacturing Distribution Manufacturing Collaboration Operational Excellence Expanding Horizons 1929 - 1958 1959 - 1986 1987 - 2000 2000 - 2014 2015 onwar
Slide 40: Global Footprint
Global Footprint Sweden Canada Germany Poland Slovakia UK Czech Republic Belgium Hungary France Austria USA Spain Romania Novi, MI Italy Portugal Turkey China Japan Qatar S. Korea Morocco Bhutan Nepal Bangladesh Mexico UAE India Saudi Arabia Singapore & Thailand Serve customers 30+ in 30+ countries
Slide 41: Rane Aftermarket Business
Rane Aftermarket Business Increasing Group’s brand presence in aftermarket through enhanced product portfolio and wider market reach 41
Slide 42: In house R&D & Technology Partnership
In house R&D & Technology Partnership Strong CAE Capabilities – Design, Analysis & Simulation Software 230 R&D Engineers 42 Functional Test Rigs 26 Strength Test Rigs Hydraulic Power Steering Systems and Occupant Safety Systems 62 Durability Test Rigs 33 Environment al Test Rigs Energy Absorbing Ste
Slide 43: We create and deliver value to our customers
We create and deliver value to our customers Passenger Vehicle Commercial Vehicle Farm Tractor Two/Three-Wheeler Other Applications IPLTech INDIA INTERNATIONAL 43
Slide 44: Awards and Accolades are testimony to our resolve for Excellence
Awards and Accolades are testimony to our resolve for Excellence ‘Customer at the core’ remains our priority on the goal to sustainable growth and profitability Rane Group Rane Engine Valve Rane Brake Lining Customer Award Category Customer Award Category Customer Award Category Quality & Customer M
Slide 45: Expanding Horizons – Customers
Expanding Horizons – Customers Rane Values Rane Approach Rane Credentials Value Proposition › Provide superior › Build strong › Modern manufacturing facilities › Technology collaboration › Superior products products and connections with with IATF 16949 certification with top global players driven by
Slide 46: Expanding Horizons – Employees
Expanding Horizons – Employees An exciting workplace founded on the principles of values, fairness and transparency that: Provides challenging Encourages learning Enhances career Rane Brand assignments opportunities Promise › Organisation Development Excellence Award for the exceptional practices on
Slide 47: Expanding Horizons – Environment
Expanding Horizons – Environment We create value through sustainable operations and optimal resource utilisation Dimensions of Sustainability at Rane Group Recognition in Sustainability Excellence Emission Waste • Rane Brake Lining - Puducherry won the CII National Award for Excellence in Energy Man
Slide 48: Expanding Horizons – Society
Expanding Horizons – Society › Rane Foundation (RF) is a public charitable trust founded by Rane’s promoters in the year 1967 › RF is the main arm for Rane’s Corporate Social Responsibility (CSR) initiatives and is exclusively funded by the Rane companies › Initiatives are focused on education, heal
Slide 49: Thank You
Thank You For further information, please contact: investorservices@ranegroup.com or diwakar.pingle@in.ey.com Rane Corporate Centre “Maithri" 132, Cathedral Road, Chennai - 600 086, India www.ranegroup.com 49
Slide 50: Glossary of Abbreviations
Glossary of Abbreviations Abbreviation Expansion Abbreviation Expansion Abbreviation Expansion Automotive Component ACMA HR Human Resource R&D Research and development Manufacturers Association AMP Advanced Machining Processes HSU Hydraulic Steering Unit R&P Rack & Pinion ATV All-Terrain Vehicle IC
Slide 51: Disclaimer
Disclaimer This presentation may contain certain forward looking statements concerning Rane’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements. T