Gabriel India Limited · NSE:GABRIEL
Gabriel India — Q1 FY25 Earnings Presentation
51 slides from Gabriel India's earnings presentation, August 2024
Slide 1: Gabriel India Ltd. Investor Presentation
Gabriel India Ltd. Investor Presentation August 2024 Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 1
Slide 2: Safe Harbor
SAFE HARBOR This presentation and the accompanying slides (the “Presentation”), has been prepared by Gabriel India Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form th
Slide 3: Table of Contents
TABLE OF CONTENTS 1 Q1 FY25 Result Update 2 Our Strategic Business Drivers 3 Corporate Overview 4 Business Overview Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 3
Slide 4: Q1 FY25 Result Update
Q1 FY25 Result Update Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 4
Slide 5: Financial Highlights – Q1 FY25 (Standalone)
FINANCIAL HIGHLIGHTS – Q1 FY25 (STANDALONE) Q1 FY25 Revenue EBITDA PBT Rs. 780 Mn Rs. 691 Mn Rs. 8,642 Mn 9.0% 8.0% Q4 FY24 Rs. 8,586 Mn Q4 FY24 Rs. 769 Mn / 9.0% Q4 FY24 Rs. 700 Mn / 8.1% Q1 FY24 Rs. 8,058 Mn Q1 FY24 Rs. 690 Mn / 8.6% Q1 FY24 Rs. 577 Mn / 7.2% EBITDA & PBT as % of Revenue Gabriel I
Slide 6: Financial Highlights – Q1 FY25
FINANCIAL HIGHLIGHTS – Q1 FY25 Revenue EBITDA PBT Rs. 8,642 Mn Rs. 780 Mn (9.0%) Rs. 691 Mn (8.0%) Q1 FY24: 8,058 Mn in [+7.3%] Q1 FY24: 690 Mn in [+13.0%] Q1 FY24: 577 Mn in [+19.8%] Q4 FY24: 8,586 Mn in [+0.7%] Q4 FY24: 769 Mn in [+1.4%] Q4 FY24: 700 Mn in [-1.2%] Balance Sheet Cash Flow Capex Net
Slide 7: Financial Track Record
FINANCIAL TRACK RECORD P&L (Mn) Q1 FY25 Q1 FY24 YoY Q4 FY24 QoQ FY24 FY23 YoY Revenue from Operations 8,642 8,058 7.3% 8,586 0.7% 33,426 29,717 12.5% Gross Margin (%) 25.2% 25.2% 0.0% 24.9% 0.3% 25.1% 23.7% 1.4% EBITDA Margin (%) 9.0% 8.6% 0.4% 9.0% 0.0% 8.8% 7.2% 1.6% Net Margin (%) 5.9% 5.3% 0.6%
Slide 8: Quarterly Performance Trend
QUARTERLY PERFORMANCE TREND Revenue (Mn) Margins 33,426 8.1% 8.6% 8.7% 8.8% 9.0% 9.0% 8.0% 7.7% 7.7% 29,717 6.6% 7.1% 7.0% 7.3% 6.9% 7.1% 7.4% 7.2% 7.1% 8,586 5.5% 5.1% 6.3% 6.7% 6.1% 5.9% 7,370 5.3% 5.4% 5.3% 4.3% 3.9% 3.9% 4.6% 5.0% 2.7% 4.2% 4.2% 3.9% 4.6% 4.6% 4.1% 4.5% 23,320 Q1FY20 Q2FY20 Q3FY
Slide 9: Standalone Profit & Loss Statement
STANDALONE PROFIT & LOSS STATEMENT Particulars (Rs. Mn) Q1 FY25 Q1 FY24 YoY Q4 FY24 Q-o-Q FY24 FY23 Y-o-Y Revenue from Operations 8,642 8,058 7.3% 8,586 0.7% 33,426 29,717 12.5% Raw Material 6,467 6,026 6,452 25,051 22,688 Raw Material % to Sales 74.8% 74.8% 75.1% 74.9% 76.3% Employee Expenses 532 4
Slide 10: Revenue Mix (Inc. Trading)
REVENUE MIX (INC. TRADING) Segment Mix Channel Mix Aftermarket 2% 2% 2% 2% 2% 2% 12% 12% 12% 12% 12% 11% 12% 1% 1% 16% 12% 10% 11% 12% 12% 13% 12% 11% 14% 15% 14% 13% 13% 14% 12% 13% 7% 9% 8% 10% 10% 9% 8% 7% 20% 21% 22% 24% 23% 25% 24% 25% 40% 35% 36% 37% 36% 37% 36% 36% 86% 85% 86% 87% 87% 86% 88%
Slide 11: Vision 2025
VISION 2025 Exports Domestic Dominance Mergers & Acquisitions Technology Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 11
Slide 12: Our Strategic Business Drivers: Exports
Our Strategic Business Drivers Exports Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 12
Slide 13: Creating Global Presence Through Exports
CREATING GLOBAL PRESENCE THROUGH EXPORTS Export Sales - Quarter 303 316 ➢ Leveraging ➢ Resource in Europe for ➢ Export to DAF 276 290 286 relationship with exploring Netherlands 251 228 218 237 232 234 Global OEMs in India opportunities in 204 196 to penetrate their Overseas Markets Global Operation
Slide 14: Our Strategic Business Drivers: Domestic Dominance
Our Strategic Business Drivers Domestic Dominance Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 14
Slide 15: YTD Segment Performance – 2W & 3W
YTD SEGMENT PERFORMANCE – 2W&3W (INCL. AM) Performance • Q1 FY25 vs Q1 FY24 growth was 9.6%. This growth was contributed by good sales performance in OLA and TVS where we have high SOB. Recent Launches • TVS iQube ST 63% % to Total Sales 30% Market Share • Ather Rizta [61% in Q4 FY24] [31% in Q4 FY2
Slide 16: Well-Entrenched Amongst All 2W/3W EV Players
GABRIEL INDIA LTD: WELL– ENTRENCHED AMONGST ALL 2W/3W EV PLAYERS Top Selling Models GIL Presence 1. Ola S1 Pro 2. TVS iQube 3. Bajaj Chetak 4. Ather 450X 5. Ampere Magnus EX 6. BGauss RUV 350 7. Okinawa Praise Source: smev.in/fy-24-25 23% 87% 9% 23% 31% Highest EV 2W Sales in GIL Market Share GIL Ma
Slide 17: YTD Segment Performance – Passenger Vehicles
YTD SEGMENT PERFORMANCE – PASSENGER VEHICLES(INCL. AM) Performance • Q1 FY25 vs Q1 FY24 growth was 6.4%. This growth was contributed majorly by Utility Vehicles and Van Segment. New Program 24% % to Total Sales [25% in Q4 FY24] 24% Market Share [23% in Q4 FY24] • Tata Motors: Curvv EV • Stellantis :
Slide 18: Gabriel Presence: Utility Vehicles
GABRIEL PRESENCE: UTILITY VEHICLES • Manufacturing Facility: Chakan & Khandsa • R&D Centre: Pune • Product Portfolio: McPherson struts, Gas Shock Absorbers, Volkswagen Steering Dampers Taigun Skoda Kushaq Toyota Hyryder • Commenced the technology of FSD (Frequency Selective Damping) in damper suppli
Slide 19: YTD Segment Performance – Commercial Vehicles
YTD SEGMENT PERFORMANCE – COMMERCIAL VEHICLES (INCL. AM & RAILWAYS) Performance • CV segment de-growth by 5% QoQ and 5% de-growth YoY New Program 11% % to Total Sales 88% [89% in Q4 FY24] Market Share [12% in Q4 FY24] • Mahindra – UPP E1 Market Update • As per SIAM data, the overall commercial vehic
Slide 20: Gabriel Presence – Railways
GABRIEL PRESENCE- RAILWAYS 2024 2007 2022 2019 2016 1978 2021 Conventional Coach EMU Coach LHB Coach Train 18 Coach Electric Locomotive Vande Bharat Coach Siemens E Loco Shox – 2 Variant Shox – 8 Variant Shox – 6 Variant Shox – 4 Variant Shox – 4 Variant Shox – 4 Variant Shox – 4 Variant 4 Nos / Coa
Slide 21: Aftermarket
AFTERMARKET Strong Brand Extensive Distribution Recent Widest Presence Through Equity Network Highlights Product Range Allied Products • Achieved 1% growth over Q1 • Only Company present in all • Leveraging Brand • Brand “Gabriel” • 10 CFA locations & 700+ 23-24. Sale Q1 (24-25) – 1131 the segments
Slide 22: Our Strategic Business Drivers: Merger & Acquisition
OUR STRATEGIC BUSINESS DRIVERS Merger & Acquisition Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 22
Slide 23: IGSSPL Plant
IGSSPL PLANT Plant Location Assembly Line PU Line Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 23
Slide 24: Profit & Loss Statement
PROFIT & LOSS STATEMENT Particulars (Rs. Mn) Q1 FY25 FY24 Inalfa Gabriel Particulars (MINR) Q1 FY25 % Consolidated P&L Revenue from Operations 9,466 34,026 Sunroof Systems Revenue from Operations 823 Raw Material 7,024 25,518 Private Limited Raw Material 557 67.6% Raw Material % to Sales 74.2% 75.0%
Slide 25: Our Strategic Business Drivers: Technology
OUR STRATEGIC BUSINESS DRIVERS Technology Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 25
Slide 26: Gabriel Europe Engineering Centre (GEEC)
GABRIEL EUROPE ENGINEERING CENTRE (GEEC) • Competence Centre for knowledge transfer and training • Centre of Excellence aiming to become Best in Class on Global Suspension Market • Joint development of Gabriel Next Generation Technologies with GIL R&D and global external partners • Located at Thor P
Slide 27: Gabriel Pune Tech Centre: IGBC Certified Green Building
GABRIEL PUNE TECH CENTRE: “IGBC” CERTIFIED GREEN BUILDING Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 27
Slide 28: Gabriel Tech Centre: Powering Our Future
GABRIEL TECH CENTRE: POWERING OUR FUTURE, DRIVING POSSIBILITIES ➢ In-house facility for customers for ride tuning of vehicles ➢ Advanced damper technology for the enhanced user experience ➢ CO2 footprint reduction through product light weighting and use of green technologies ➢ Virtual analysis for s
Slide 29: Achieving Engineering Excellence
ACHIEVING ENGINEERING EXCELLENCE Laser Welding Technology, Friction Designed & Developed Remote Welding Technology, Water based Canister Shock Absorber Autophoretic Paint System Adjustable Electronic-Hydraulic Shock Absorbers with Shock Absorber for a leading SUV Floating Piston vehicle in Aftermark
Slide 30: R&D, Innovation and Technology
R&D, INNOVATION AND TECHNOLOGY: ESSENTIAL COMPONENTS FOR STRATEGIC EVOLUTION At Gabriel India, our constant endeavors towards investing in R&D, innovation and technology are considered integral to our continuous improvement process. Our R&D technology centres at Hosur and Chakan ( recently launched)
Slide 31: Core 90 Cost Reduction Drive
CORE 90 CORE 90 COST REDUCTION DRIVE Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 31
Slide 32: Awards & Accolades
Awards & Accolades Gabriel India Limited (GIL) got nominated for the prestigious “Local Hero” Award at a glittering VW Group Award 2024 event at their Head Quarters in Wolfsburg, Germany (Global level award). GIL was the only Indian supplier to be nominated across all 10 categories Gabriel India Ltd
Slide 33: Awards & Accolades
Awards & Accolades Quality Circle Forum of India – “ Three GOLD award” in 2nd Runner up Award in CII Madhya Pradesh Kaizen Energy conservation competition Pune chapter in May-24 competition in Jun-24 Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 33
Slide 34: Corporate Overview
Corporate Overview Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 34
Slide 35: Gabriel at a Glance
GABRIEL AT A GLANCE Corporate Profile • Incorporated in 1961 • Pioneer of Ride Control Products in India with state-of-the-art integrated operations • Strong R&D focus, employing 72 specialists, highest in the industry • Experienced, professional management team and Board of Directors • Marquee clie
Slide 36: Strategic Manufacturing Footprint
STRATEGIC MANUFACTURING FOOTPRINT Khandsa - PC Parwanoo - 2W,CV,AM Dewas - CV,3W Sanand – 2W Nashik – 2W GIL Plants Chakan – PC,CV,3W GIL Satellite Locations IGSSPL Plant IGSSPL Chennai – 4W *Maps not to scale. All data, information, and maps are provided "as is" without warranty or any representati
Slide 37: Strategic Manufacturing Footprint
STRATEGIC MANUFACTURING FOOTPRINT Sanand 2023 Chakan Tata Motors, HMSI, Volkswagen, M&M, Toyota, Tata Motors, Bajaj 1997 2010/ Auto, Piaggio, DAF & Indian Railways . 2019 IGSSPL, Chennai Hyundai Dewas Hosur Tata Motors, M&M, 1992 TVS, HMSI, Royal 1997 Daimler, Force Motors, Enfield, Ashok Leyland, V
Slide 38: Competitive Advantages
COMPETITIVE ADVANTAGES Strong Parentage of Quality at Competitive Anand Group Price • Flagship company of ANAND Group, a one-stop • 7 state-of-the-art facilities in proximity to OEMs solution provider for customers ensures just-in-time supply as per demand while • Leverage partnerships, systems, pro
Slide 39: Relationships with Marquee OEM Customer Base
RELATIONSHIPS WITH MARQUEE OEM CUSTOMER BASE 2/3 Wheelers Passenger Cars CV & Railways Honda is the world's largest manufacturer of 2-wheeleres Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 39
Slide 40: Safety Focus
SAFETY FOCUS ❖ Collaboration for training with British Safety Council ❖ Dexterity Centre for induction training ❖ App Based abnormality reporting ❖ Online work permit monitoring Safety House Standardization: Communication Training & Skill Continual Technology R&R and Consequence Development Improvem
Slide 41: Human Resources
HUMAN RESOURCES In-depth sectoral knowhow Mar’ Mar' Mar’ Mar’ Mar’ Key Metrics Seasoned Resources 24 23 22 21 20 Revenue per employee 0.72 0.66 0.61 0.43 0.51 (Rs Cr) Strong employee Average employee connect experience 8.0 8.0 8.0 9.0 8.0 (person years) Investment in training programmes 2.48 1.94 1.
Slide 42: Great Place to Work – Five Consecutive Years
“GREAT PLACE TO WORK” – FIVE CONSECUTIVE YEARS 2019 • Rank #90 among Top 100 Companies to work for in India 2018 • Rank #89 among Top 100 Companies to work for in India 2017 • Ranked in Top 25 workplaces in manufacturing in India • Ranked #2 in Auto & Auto Component Industry • Rank #52 among Top 100
Slide 43: Sustainability Mission
SUSTAINABILITY MISSION Mission TO BE CARBON & WATER NEUTRAL BY 2025 WITH ZERO WASTE TO LANDFILL Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 43
Slide 44: Sustainability
SUSTAINABILITY Reduction in Carbon Footprint 45 0.89 42.7 40 36.0 35.3 0.90 0.78 33.9 35 31.3 31.2 28.1 0.80 30 26.7 CUSTOMER 0.65 24.9 26.2 0.66 0.70 25 VALUE 21.7 21.5 19.5 20.0 20 17.3 15.6 14.1 15.5 13.5 0.49 0.60 0.54 15 0.48 0.47 12.9 0.48 23.4 0.46 15.4 0.50 0.50 10 13.4 12.5 13.3 0.37 12.8 5
Slide 45: Sustainability Report Launch
SUSTAINABILITY REPORT LAUNCH GABRIEL Launches its Second ‘Sustainability Report’ for 2022-23 Pillar Focus Area Ambition Governing Integrity Cyber Security By 2024, all sites to be ISO 27001 certified Ethical Business conduct By 2024, train all employees on Human Rights issues. Abating Environmental
Slide 46: CSR Initiatives 2023-24
CSR INITIATIVES 2023-24 Focus Parwanoo Gurugram Rewari Jawai Dewas Nashik Hosur Area Provide scholarships - - Engage with 09 govt. Engage with 4 govt. Engage with 10 govt. Engage with 02 govt. to ten girls to schools (1K+ schools (400 students) schools (800 students) to schools (300 continue their s
Slide 47: Board of Directors
BOARD OF DIRECTORS Anjali Singh Manoj Kolhatkar Jagdish Kumar Executive Chairperson Managing Director Group President & Group CFO Gabriel India Gabriel India ANAND Group Pradeep Banerjee Matangi Gowrishankar Pallavi Joshi Bakhru Mahua Acharya Non-Executive Non-Executive Non-Executive Non-Executive I
Slide 48: Executive Leadership
EXECUTIVE LEADERSHIP Manoj Kolhatkar Managing Director Amitabh Srivastava Rishi Luharuka Vinod Razdan Koen Reybrouck Anand Sontakke R. Vasudevan Prashant Shah Abdul Wahid Chief Operating Officer, Chief Financial Officer Head- Human Chief Technical Chief Operating Officer - Two Chief Operating Office
Slide 49: Customer Awards & Accolades
CUSTOMER AWARDS & ACCOLADES Special Award by Volvo ZERO KM PPM and Quality MSES-A Level Award Eicher Commercial Vehicles certification by Toyota Kirloskar by Mahindra & Limited Motor Mahindra Award for Pre "C" VA activity by Honda Motorcycle and Scooter Periodic Cost Reduction Award By Supplier Samr
Slide 50: Industry Awards & Accolades
INDUSTRY AWARDS & ACCOLADES Quality Excellence Award in 9th FICCI 45th International Convention Gabriel Gold in Manufacturing Excellence in Very Quality System excellence awards for India, Nashik received Platinum Award Large Category by Automotive Industry and National Conference by ICQCC Dhaka Com
Slide 51: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : Gabriel India Ltd. Strategic Growth Advisors Pvt. Ltd. CIN : L34101PN1961PLC015735 CIN : U74140MH2010PTC204285 Mr. Nilesh Jain Mr. Jigar Kavaiya / Pratik Shah secretarial@gabriel.co.in jigar.kavaiya@sgapl.net / p.s.shah