Slide 1: Minda Corporation Limited Q2 FY2019 Earnings Presentation
Driver Information And Telematics System Minda Corporation Limited (NSE: MINDACORP; BSE: 538962) Q2 FY2019 Earnings Presentation Safety, Security And Restraint System November 2018 Interior System Instrument Clusters Sensors Wiring Harness Locks Door Handles Starter Motors Al & Zn Cutting Parts Plas
Slide 2: Table of Contents
Table of Contents 1. Quarterly Updates ❖ Company Snapshot ❖ Consolidated Performance ❖ Scheme of Merger ❖ Awards and CSR 2. Annexure A Investor Presentation 2
Slide 3: Quarterly Updates
Quarterly Updates Investor Presentation 3
Slide 4: One of India's leading automotive component companies with global footprint
One of India’s leading automotive component companies with global footprint Diversified product portfolio, global customers, strong manufacturing, Revenue Breakdown Q2 FY2019* and advanced R&D with six decades of automotive experience By Geography By End Market After Revenue* (net of excise) Rs. 25,
Slide 5: Consolidated Performance
Consolidated Performance Q2 Q1 H1 (Rs. Million) FY2019 FY2018 FY2019 FY2019 FY2018 Operating Revenue (net of excise) 7,733 6,550 7,783 15,516 12,367 Other Income 113 22 46 160 47 EBITDA 823 750 731 1,554 1,194 Margin (%) 10.6% 11.5% 9.4% 10.0% 9.7% Profit Before Tax (PBT) 656 565 507 1,163 855 Margi
Slide 6: Consolidated Performance – Q2 FY2019
Consolidated Performance – Q2 FY2019 Commentary – Q2 FY2018-19 vs. Q2 FY2017-18 7,733 Revenue 6,550 • Revenues increased by 18.1% y-o-y in Q2 FY2018-19, driven by growth in SSR system at the rate of 30% and DIS at the rate of 27% on a y-o-y basis Q2 FY2018 Q2 FY2019 • Strong EBITDA margins in domest
Slide 7: Business Verticals Performance (H1 FY2019 vs H1 FY2018)
Business Verticals Performance(H1 FY2019 vs H1 FY2018) Safety Security & Restraint System Driver Information & Telematics System Interior System 3.6% 12.8% 10.3% 7.9% 10.1% 10.2% H1FY18 H1FY19 H1FY18 H1FY19 H1FY18 H1FY19 Revenue 5,559 7,005 Revenue 4,021 5,225 Revenue 2,788 3,286 EBITDA Margin EBITD
Slide 8: Consolidated Leverage Position
Consolidated Leverage Position Particulars (Rs. mn) Mar 31st, 2018 Sept 30th, 2018 Net Worth 7,375 11,150 Long Term Borrowings 2,804 1,895 Short Term Borrowings 3,094 3,636 Current Maturities of Long Term Debt 1,334 1,926 Gross Debt 7,232 7,457 Less: Cash & Cash Equivalents 260 3,250 Net Debt 6,972
Slide 9: Business Updates - Q2 FY2019
Consolidated Performance Business Updates- Q2 FY2019 ▪ Rating Upgrade: ▪ Long term issuer credit rating upgraded by India Rating (Ind-Ra) to ‘IND AA-’ from ‘IND A+’ for Term loans, Fund-based and Non-fund based facilities and has re-affirmed rating for Commercial Paper facilities at ‘IND A1+’ ▪ Awar
Slide 10: Business Updates – Q2 FY2019
Consolidated Performance Business Updates – Q2 FY2019 Safety, Security and Driver Information and Interior Restraint System Telematics System System (Lifetime order worth approx. Rs. 7,500 mn.) (Lifetime order worth approx. Rs. 4,500 mn.) (Lifetime order worth approx. Rs. 1,800 mn) (H1 18-19 Lifetim
Slide 11: Scheme of Merger
Scheme of Merger Investor Presentation 11
Slide 12: Scheme of Merger of Domestic subsidiaries (WoS)
Scheme of Merger of Domestic subsidiaries (WoS) ▪ The Company has filed the Scheme of merger with NCLT Delhi and Bengaluru for merger of domestic wholly owned subsidiaries (WoS) into Minda Corporation (MCL) ▪ Entities to be merged into MCL are: • Minda Management Services Ltd. • Minda Sai Ltd. • Min
Slide 13: Current Group Structure
Current Group Structure Promoter Share Holding Public & Other shareholders 64.67% 35.33% MCL Listed entity 100% 100% 51% Minds Europe Minda Minda BV Automotive* Furukawa Minda KTSN Minda 50% Minda Vast 100% Management* Access Minda Minda KTSN Autoelektrik* Poland 51% Minda Minda KTSN Minda SAI* 100%
Slide 14: Objective / Rational of Merger
Objective / Rational of Merger Consolidation of 100% Indian Synergies from consolidation & cost 1 subsidiaries will result in a larger 2 optimization standalone entity Resulting in unlocking value for Simplified Corporate Structure 3 Stakeholders. Better market 4 perception Investor Presentation 14
Slide 15: Financial Snapshot of Minda Corp and Domestic WoS - FY2018
Financial Snapshot of Minda Corp and Domestic WoS - FY2018 (Rs in Millions) Minda Minda Minda Minda Minda Corp Particulars Minda Corp Minda SAI Telematics Automotive Autoelektrik Mangement (Post Merger) (EI Lab) Sales 9,472 8,722 2,800 1,026 363 18 19,555 EBITDA 1,061 818 94 41 31 (7) 2,048 PAT 701
Slide 16: Awards and CSR
Awards and CSR Investor Presentation 16
Slide 17: Significant Awards won During Q2 FY2019
Significant Awards won During Q2 FY2019 Mr. Aakash Minda receiving the Special Commendation Won TV100 CSR Excellence Award at Constitution Club Won Diamond award in ABK-AOTS on 3rd Innovative for Golden Peacock Award for Excellence in Corporate of India at New Delhi, July 2018 QC competition at Tami
Slide 18: Corporate Social Responsibility
Corporate Social Responsibility Artificial Limb Fitment Camp, Vietnam Inauguration of Business Integrated CSR Project at Yerwada Central Prison Women Empowerment Program Community Infrastructure projects at Donde Village, Pune Artificial Limb Fitment Camp, J&K Investor Presentation 18
Slide 19: Annexure A
Annexure A Investor Presentation 19
Slide 20: Competitive Strengths
Competitive Strengths WELL DIVERSIFIED customer base STRONG RELATIONSHIPS with and product portfolio major Indian and Global OEMs TECHNOLOGICAL COLLABORATION A LEADING PLAYER in several of its with global automotive component product segments in India manufacturers PROFESSIONALLY MANAGED STRONG IN-H
Slide 21: Strategic Focus – Growth Drivers
Strategic Focus – Growth Drivers Growth Drivers #1 #2 #3 #4 New technologically Sustain and grow our legacy advanced products in non- products through technology Inorganic growth in legacy segments due to Increased focus on Exports upgradation and greenfield adjacent areas regulatory and customer ex
Slide 22: Diversified Product Portfolio
Diversified Product Portfolio Safety, Security and Restraint System Ignition Switch Cum Smart Key System Mechatronics Immobilizers Aluminium High Compressor Housing Steering Lock Handles System Pressure Die Casting Alternator Starter Motor Electronic and mechanical security systems Die casting compo
Slide 23: Key Customers
Key Customers 2-3 Wheelers Commercial & Off Highway Passenger Vehicles Other Market Vehicles Investor Presentation 23
Slide 24: Product Portfolio – 2 Wheelers
Product Portfolio – 2 Wheelers SENSOR - FLS HANDLE MOUNTING ASSY IGN LOCK & SPEEDOMETER WIRING FT CAP HARNESS CYLINDER HEAD CONTROL CABLES BRAKING SENSOR SSPS SYSTEM PARTS STEP HOLDER PARTS SENSOR SENSOR SPEED OPS & TEMP SENSOR TPS Investor Presentation Driver Information And Telematics Safety, Secu
Slide 25: Product Portfolio – Passenger Vehicles
Product Portfolio – Passenger Vehicles WIRING NOZZEL SRC BATTERY TRAY HARNESS DEFROSTER LOUVERS SPEEDOMETER GLOVE BOX CUP HOLDER STRG COLUMN SHROUD ENGINE SYSTEM DOOR SASH (TURBOCHARGER PARTS) TAIL GATE ENGINE SYSTEM LATCH (ENGINE MOUNTING PARTS) EGT SENSOR AC COMPRESSOR PARTS TEMP SENSOR FUEL LEVEL
Slide 26: Product Portfolio – Commercial Vehicles
Product Portfolio – Commercial Vehicles WIRING HARNESS SPEEDOMETER PM / SOOT SENSOR TEMP SENSOR EGT & EGRT SENSOR PRESSURE SENSOR LOCKSET & DOOR HANDLES FUEL LEVEL SPEED OIL SUMP SENSOR SENSOR Investor Presentation Driver Information And Telematics Safety, Security And Restraint Systems Interior Pla
Slide 27: Product Portfolio – Tractors
Product Portfolio – Tractors EGRT SENSOR SPEEDOMETER STARTER MOTORS WIRING HARNESS ALTERNATORS PRESSURE SENSOR SPEED SENSOR FUEL LEVEL SENSOR OIL SUMP TEMP SENSOR Investor Presentation Driver Information And Telematics Safety, Security And Restraint Systems Interior Plastics 27 Note: Representative
Slide 28: Minda Automotive Solutions Limited (After Market)
Minda Automotive Solutions Limited (After Market) HQ : Noida Sales Trend (Rs. mn) 2800 Regional Offices : Mumbai, Chennai, Kolkata & Noida 2800 Team Strength : 200 + 2700 2533 employees 2600 2500 Distribution : 500 + Business 2400 Partners 2300 Spread : PAN India presence FY2016-17 FY2017-18 Sales b
Slide 29: Minda Corporation at a glance
Minda Corporation at a glance Group Businesses of Minda Corporation Minda Corp (Consolidated) Minda Management Services Limited (Corporate) Safety Security and Restraint Driver Information and Interior System After Market system Telematics System • Minda Corporation Ltd (Standalone) – • Minda SAI Lt
Slide 30: Manufacturing facilities strategically located globally providing support to OEMs
Manufacturing facilities strategically located globally providing support to OEMs North (12 Plants) Poland Madhya Germany Gujarat Pradesh (1 Plant) Czech Republic West Japan (11 Plants) Mexico Vietnam South (4 Plants) Indonesia Manufacturing Facilities Proposed Facility Offices Driver Information Ma
Slide 31: Strategic Focus – Investing in Technology and Future
Strategic Focus – Investing in Technology and Future 1 Increased electronic content per vehicle and technological advanced products in non legacy product business: EGT/EGRT Sensors, Connected Cars / Connected Mobility / Telematics, PM Sensors / Soot, Control Cables, RPAS EFI/EMS Systems, ABS and CBS
Slide 32: Board of Directors
Board of Directors Eminent and Experienced Board of Directors Mr. Ashok Minda Chairman and Group CEO Mr. Sudhir Kashyap Mr. R. Laxman Executive Director & CEO Director & Group President, Finance Mr. Avinash P. Gandhi Mr. Rakesh Chopra Mr. Ashok Kumar Jha Ms. Pratima Ram On the Board of Lumax On the
Slide 33: Senior Management Team
Senior Management Team Ashok Minda N. K. Taneja R. Laxman Sudhir Kashyap Sanjeev Saxena Chairman & Group CEO Group Chief Marketing Director and Group President, Finance ED and CEO, Minda Corporation MD & CEO, Minda SAI and Officer Minda Stoneridge Vinayak Hegde Arvinth Siva Suresh D Lalitendu Samant
Slide 34: Thank You
Thank You This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Minda Corporation Limited (“Minda Corp” or the Company) future business de