Rico Auto Industries Limited · NSE:RICOAUTO
Rico Auto Industries — Investor Presentation (August 2019)
41 slides from Rico Auto Industries's investor presentation, Aug 8, 2019
Slide 1: Presentation to Analysts on 8th August, 2019
REGD. & CORP. OFFICE: 38 K.M. STONE, DELHI-JAIPUR HIGHWAY, GURUGRAM -122001, HARYANA (INDIA) EMAIL : rico@ricoauto.ln WEBSITE : www.rlcoauto.ln TEL.: +91 124 2824000 FAX : +91 124 2824200 CIN: L34300HR1983PLC023187 RAIL:SEC:2019 August 08, 2019 BSE Limited National Stock Exchange of India Limited Ph
Slide 2: Investor Presentation | August 2019
RICO RICO AUTO INDUSTRIES LIMITED A world class integrated supplier of Automotive Components & Assemblies I Investor Presentation | August 2019
Slide 3: Content
00 Content RICO Company Overview 03 Board of Directors & Management 08 Organizational Structure 10 Group Revenue & New Business Won 11 Product Portfolio & Joint Ventures 15 After Market Business Highlights 23 Manufacturing and R&D Capabilities 26 Awards, CSR Activities & HR Initiatives 32 Financials
Slide 4: Key Facts
00 Key Facts RICO Joint Ventures Presence in 4 Continents Incorporated in Global Supplier of 14 Rico Jinfei Wheels Ltd. 1983 Automotive Manufacturing (Alloy Wheels) Components Plants Strong in-house Presence in Over 4,500 R&D 4 Continents Employees Capabilities Turnover (FY19) All Automotive INR 1,4
Slide 5: Key Business Strategies
00 Key Business Strategies RICO • Preferred Strategically 4 decades of De-risked partner to OEMs located plants Execution Experience Business Model Preferred partner to OE Ms Client engagement from Proximity of its plants to the Excellence in engineering Extensive product portfolio: concept to compl
Slide 6: Vision and Core Values
00 Core Values RICO ENTREPRENEURSHIP The power of persuing new challenges E Vision with speed, flexibility and ownership TEAMWORK The power of working together T To be the Preferred Supplier to INTEGRITY OEM’s across the globe. The power of honesty and transparency I COMMITMENT The power of responsi
Slide 7: The Journey So Far
00 The Journey So Far RICO 1990-92 1999-00 2003-04 2007-09 2015-19 International Market Aluminium Die Enhanced Ferrous JV with MAGNA Added new facilities- OEM Supplier – MEC Casting & Machining and Aluminum Powertrain Plants At Bawal, Japan (Gurgaon) Capacity (Oil Pump, Water Pump) Pathredi & Chenna
Slide 8: Manufacturing Locations - 14
00 Manufacturing Locations - 14 RICO 1 GURGAON 27 Acres 2 BAWAL 15 Acres (Corporate, R&D, Tool Manufacturing, Ferrous (Al. HPDC, Machining) Casting, Al. HPDC, Machining) 3 BHIWADI / PATHREDI 12 Acres 4 CHENNAI 12 Acres 2 1 •• •• •• 7 6 8 3 (Machining) (Al. HPDC, Machining) 5 • 5 SANAND 5.5 Acres 6 D
Slide 9: Board of Directors
00 Board of Directors RICO Arvind Kapur Chairman, CEO & Managing Director Kanwal Monga Amarjit Chopra Dr. Ashok Seth Satish Sekhri Rajeev Kapoor Independent Director Independent Director Independent Director Independent Director Independent Director Vinod Kumar Nagar Rakesh Kapur Upasana Kapur Arun
Slide 10: Organization - Management Team
00 Organization - Management Team RICO Surendra Singh Rakesh Sharma R. K. Miglani R. Dharna M. K. Jain President & COO Chief Financial Officer Vice President Vice President Operations Chief Technical Officer (Operations & Engineering) S. Kaul Sandeep Rajpal Abhishek Kulshrestha Subodh Mal Rajiv Kuma
Slide 11: Organizational Structure
00 Organizational Structure RICO RICO RICO AUTO INDUSTRIES LIMITED • 100% .I I I Subsidiary 100% . r - - - - - - - - - - - - - - - - - - - - - - - - -- - - - -- - - - - - - - - -r - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Subsidiary I I I 96.88 % Subsidiary '' ''
Slide 12: Group Revenue – Product Segment Wise
Group Revenue – Product Segment Wise FY 19 (Actual) FY 20 (Expected) Electric Chassis 1% 20% Chassis 22% Engine Engine 42% 43% Transmission Transmission 38% 34% Exports Ferrous 30% 29% Domestic Aluminum 70% 71% Investor Presentation | August 2019 | www.ricoauto.in 11
Slide 13: New Customer Addition
New Customer Addition Program Value Program Value Program Value Program Value Program Value 441 Cr 425 Cr 180 Cr 108 Cr 37 Cr Investor Presentation | August 2019 | www.ricoauto.in 12
Slide 14: EV Penetration
EV Penetration Program Value INR 950 Cr Program Value Program Value INR 40 Cr INR 115 Cr Investor Presentation | August 2019 | www.ricoauto.in 13
Slide 15: High Tonnage Focus (> 1250 Tones)
High Tonnage Focus (> 1250 Tones) Program Value INR 1,200 Cr Investor Presentation | August 2019 | www.ricoauto.in 14
Slide 16: Product Portfolio
Product Portfolio Investor Presentation | July 2019 15
Slide 17: Product Divisions
Product Divisions ALUMINUM CASTING FERROUS CASTING MACHINING AND ASSEMBLY DIES AND MOULDS DEFENCE EQUIPMENTS ENGINEERING & R&D Investor Presentation | August 2019 | www.ricoauto.in 16
Slide 18: Engine Business
Engine Business (Suzuki, GM) (GM) (Renault, Nissan, Suzuki) (Nissan, Tata, GM, Suzuki, Fiat, Honda, Ford, Hyundai) Assy. Cover Cylinder Head Balancer Shaft Exhaust Manifold Turbine/ Center Hsg (Renault, Kia, Tata) (Honda, Renault, Suzuki) Engine Block Case Chain/ Case Timing (Suzuki, Renault, VW, Vo
Slide 19: Transmission Business
Transmission Business (Eaton, Renault, Suzuki, Tata ) (Renault, PSA ) (Suzuki) Transmission Case Clutch / Mechanical Housing Shifter Forks (Tata, Renault) (Allison ) Front Diff Housing Ground Sleeve & Shaft (BMW, GKN, Suzuki, Ford, Honda) (Jatco, PunchPowertrain) Differential Case & Housing Retainer
Slide 20: 2 Wheeler Business
2 Wheeler Business Front & Rear Hubs Front & Rear Brake Panel Assy Crank Cases CBS Grips Crank Cases Clutch Assembly Engine Cover Alloy Wheels Investor Presentation | August 2019 | www.ricoauto.in 19
Slide 21: Rico Fluidtronics Ltd
Rico Fluidtronics Ltd Rico Fluidtronics Limited (Formally known as Magna Rico Powertrain Private Limited) has now become a subsidiary of Rico Auto Industries Limited. Rico Auto Industries Limited, along with its step down subsidiary, Rasa Autocom Limited holds the entire share capital of Magna Rico
Slide 22: Rico – Jinfei Wheels Ltd.
Rico – Jinfei Wheels Ltd. Joint Venture 93.49% : 6.51% Year FY 16-17 FY 17-18 FY 18-19 Aluminum Alloy Wheels (Two Wheelers) Alloy Wheels 0.96 1.12 1.28 ( nos. in Mn ) Turnover ( INR Cr ) 84 114 136 Capacity Expansion Client: 3 Mn Dec 18 Investor Presentation | August 2019 | www.ricoauto.in 21
Slide 23: AAN – Defense Vertical
AAN – Defense Vertical AAN Engineering Industries Ltd. Aerial Ammunition 50 Cr spread in 3 years by Aug 18 Mechanical Fuses – under bidding Dec 19 – 2500 Cr program value spread over for 10 years Year FY 16-17 FY 17-18 FY 18-19 Electronic Fuse Assemblies Turnover (INR CR) 3.7 4.1 4.18 – under biddin
Slide 24: After Market Business Highlights
After Market Business Highlights Investor Presentation | July 2019 23
Slide 25: After Market Performance & Way Forward
After Market Performance & Way Forward Launch Of 4W Parts in FY19 Total Revenue (in Cr.) 50 60. 00 50. 00 40. 00 30. 00 25 20. 00 10 0.14 10. 00 2017 (Launched) 2018 2019 2020 (Expected) 0.0 0 Initiated on Product Range 52 Dealers Parts launched 20th May’2017 2W and 4W (20+ States in India, 191+ (2W
Slide 26: After Market Product Portfolio
After Market Product Portfolio WHEELS & BRAKING SYSTEMS CLUTCH ASSEMBLY & COMPONENTS New Products LEVER YOKE CHAIN SPROCKET CLUTCH HUB & CENTRE INNER CLUTCH ASSEMBLIES Investor Presentation | August 2019 | www.ricoauto.in 25
Slide 27: Manufacturing and R&D Capabilities
Manufacturing and R&D Capabilities Investor Presentation | July 2019 26
Slide 28: Aluminum
Aluminum Over 100 High Pressure Die Casting Machines (upto 2700 Tns Locking Force) Largest High Pressure Die Casting Capacity in India including GDC & LPDC. Investor Presentation | August 2019 | www.ricoauto.in 27
Slide 29: Ferrous
Ferrous Preferred partner to OEMs 4 Molding Lines - 2 DISA & 2 Horizontal (SINTO & DISA) Vertical Size ( 650 * 535 * 130~330) & Horizontal Size ( 610 * 510 * 200+200) Material: Gray (FC), Ductile (FCD), SiMo, SiMo Chrome Investor Presentation | August 2019 | www.ricoauto.in 28
Slide 30: Machining & Assemblies
Machining & Assemblies Over 2,500 Machines (CNCs & SPMs) One of the Largest Machining Facility in India Over 50% of Our Product Range is with Assemblies Investor Presentation | August 2019 | www.ricoauto.in 29
Slide 31: R&D – New Product Development
R&D – New Product Development 100 + 25 Expansion of Engineering set Prototype Cell Created New Projects New Engineers added up to Bawal & Chennai Pool of machines 3D Printing Concurrent Engineering High Strength Aluminum Alloy Structural Parts Stainless Steel Turbine Higher CC Clutch Segment Investo
Slide 32: R&D – Moving Ahead With Evolving Trends
R&D – Moving Ahead With Evolving Trends Combined Braking System Continuous Variable Clutch (CBS) Transmission (CVT) Mandatory : 1 Apr 2019 for 2W New BSVI Clutch Development Massive growth in 2W Rico SOP: Dec’ 18 Concept to Production JV under advanced stages of Co-Development with Hero R&D Rico SOP
Slide 33: Awards, CSR Activities & HR Initiatives
Awards, CSR Activities & HR Initiatives Investor Presentation | July 2019 32
Slide 34: Awards & Recognition
Awards & Recognition Investor Presentation | August 2019 | www.ricoauto.in 33
Slide 35: Corporate Social Responsibility
Corporate Social Responsibility Enhancing Environmental Sustainability Promoting “ Cleanliness & Supporting Rural Sanitation” in Rural areas Development Promoting Girls Education & Skill Providing Preventive Health Development Care Investor Presentation | August 2019 | www.ricoauto.in 34
Slide 36: Organizational HR/IR Initiatives, Employee Engagement & Nurturing Harmony
Organizational HR/IR Initiatives, Employee Engagement & Nurturing Harmony Induction Training – “Parichay” Company Wide Training – “Jagriti” Kaizen Award Ceremony Best Work Place - Competition Family Connect Program Employees Children Safety Competition Sports Competition Yoga Training Health Awarene
Slide 37: Financials
Financials Investor Presentation | July 2019 36
Slide 38: Latest Quarterly Results – 1Q FY20 vs. 1Q FY19
Latest Quarterly Results – 1Q FY20 vs. 1Q FY19 (Rs Crores except EPS) Standalone Consolidated Q1FY20 Q1FY19 Particulars Q1FY20 Q1FY19 304.71 306.58 Operating Revenue (Net of excise) 365.32 349.14 7.4 5.31 Other Income 3.41 3.81 312.11 311.89 Total Revenue 368.73 352.95 201.39 205.1 Cost of raw mater
Slide 39: Standalone & Consolidated Financials – Yearly
Standalone & Consolidated Financials – Yearly (Rs Crores except EPS) Standalone Consolidated FY19 FY18 Particulars FY19 FY18 In INR Cr In INR Cr 1,195.89 1,093.20 Operating Revenue (Net of excise) 1,392.65 1,229.63 28.61 25.05 Other Income 19.41 16.16 1,224.50 1,118.25 Total Revenue 1,412.06 1,245.7
Slide 40: Key Ratios - Yearly (Consolidated)
Key Ratios - Yearly (Consolidated) 13% YoY Growth Total Revenue In INR Cr 10% YoY Growth EBITDA & EBITDA Margin 11.6% In INR Cr FY19 18.6% 13.3% FY19 11.9% 11.8% 11.0% 150 160 0 20. 0% 2.9% 130 5.6% 140 0 10. 0% 10. 0% 110 -8.4% 120 0 0.0 % 90 5.0 % 100 0 70 -26.0% -10.0% 800 0.0 % 50 -20.0% 600 77
Slide 41: Thank You
Thank You RICO AUTO INDUSTRIES LIMITED Investor Relations 38 KM Stone, Delhi - Jaipur Highway, Siddhartha Singh Gurgaon - 122001, Haryana (INDIA) S-Ancial Technologies Pvt. Ltd. Phone: +91 124 2824000 (D) 215, Shivshakti Industrial Estate, J.R Boricha Marg, Lower Parel (E) Mumbai-400011 E-mail: rico
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