Slide 1: Varroc Engineering Limited
Varroc Engineering Limited Regd. & Corp. Office L-4, MIDC, Industrial Area Tel + 91 240 6653700 email: varroc.info@varroc.com Waluj, Aurangabad 431 136, Fax + 91 240 2564540 www.varroc.com Maharashtra, India CIN: L28920MH1988PLC047335 VARROC/SE/INT/2025-26/25 May 29, 2025 To, The Manager- Listing Th
Slide 2: Presentation to Investors - Q4 FY25 & Full Year'25
Presentation to Investors - Q4 FY25 & Full Year’25 29th May 2025 1
Slide 3: Disclaimer
Disclaimer This presentation may include statements which may constitute forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, business development, market position, expenditures,
Slide 4: About Us
About Us Varroc is a leading global auto technology company with a product portfolio covering a wide range of electrical, electronics, 08 6100+ Countries Employees lighting, polymer, metallic, after-market and advanced safety solutions 37 Operating Manufacturing Facilities REVENUE USD 954 MILLION BU
Slide 5: Vision, Mission and Values
VARROC Vision Mission Create safe, smart and sustainable future mobility Be the trendsetter in providing mobility solutions that solutions for everyone. offer the highest value for money to customers • Extend India Market leader position in 2W mobility, lighting, and driver assistance to the world •
Slide 6: Representation of Varroc
Representation of Varroc Promoter Share Holding Public Share Holding 75.0% 25.0% Varroc Engineering Limited VEL - Standalone Operations Overseas Subsidiaries India Subsidiaries’ ● IMES ITALY ● E-Mobility Solutions ● Varroc Connect (95%) ● Body System Solutions ● ITALY 2W Lighting ● Durovalves India
Slide 7: Update on Q4 & Full Year Performance
Update on Q4 &Full Year 25 Performance 29th May 2025 1
Slide 8: Highlights for Q4 FY25
Highlights for Q4 FY25 1.Q4 Revenue at Rs. 21.0 bn with a growth of 11% YoY, with India Operations registering a 13% growth FY Revenue at Rs. 81.7 bn with a growth of 8.5% YoY, with India Operations registering a 11% growth. Q4 of FY 24 had the benefit of additional Govt incentives of earlier period
Slide 9: Automotive Production in India
Automotive Production in India 5.92 5.85 5.52 • Automotive Industry witnessed moderate growth across all Units in million segments during Q4 on YoY basis : • 2W grew by 5.8% • 3W grew by 9.5% • PV grew by 5.2% • CV grew by 3.1% 1.34 1.17 1.41 0.29 0.30 • On QoQ basis, almost all segments other than
Slide 10: Consolidated Financials of Q4 FY25
Consolidated Financials of Q4 FY25 ₹ in Million Revenue Particulars Q4 FY25 Q3 FY24 QoQ Q4 FY24 YoY Revenue from operations 20,992 20,753 1.2% 19,749 6.3%# 20,753 20,992 EBITDA 2,134 1,900 2,187 19,749 EBITDA% 10.2% 9.2% 100 basis 11.1% (90 basis) PBT before JV and exceptional items 1,034 661 998 PB
Slide 11: Consolidated Financials of FY25
Consolidated Financials of FY25 ₹ in Million Revenue Particulars FY25 FY24 YoY Revenue from operations 81,541 75,519 8.0% EBITDA 7,767 7,590 81,541 75,519 EBITDA% 9.5% 10.1% (60 basis) PBT before JV and exceptional items 3,129 2,705 PBT before JV and exceptional items % 3.8% 3.6% 20 basis Exceptiona
Slide 12: Exceptional Items
Exceptional Items ₹ in Million Considered the following one-time exceptional cash and non-cash adjustments in the consolidated financials : 1) Sale of investment in China JV operations • Varroc enforced the arbitration verdict in BVI courts due to non-cooperation from JV partner and transferred owne
Slide 13: Consolidated Balance Sheet & Return Ratios
Consolidated Balance Sheet & Return Ratios ₹ in Million 12,772 9,828 9,160 8,273 7,860 7,480 Net Debt Q4 FY23 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Rs. in Million 31st Mar 2023 31st Mar 2024 30th Jun 2024 30th Sep 2024 31st Dec 2024 31st Mar 2025 Net Debt 12,772 9,828 9,160 8,273 7,860 7,480 Note
Slide 14: Revenue Breakdown for FY25
Revenue Breakdown for FY25 Business Unit Segment 2.8%4.7% Electrical Electronics Lighting 8.5% 21.9% 7.0% 2.5% Polymer 25.2% 8.4% 37.5% 37.8% 11.8% Metallic 2&3 Wheeler 11.9% 4 Wheeler & Other Aftermarket Other (Overseas) 74.8% 32.3% 78.1% Lighting & Electronics (Overseas) 34.7% Geography Customer 1
Slide 15: New Lifetime Order Win in FY25
New Lifetime Order Win in FY25 (Lifetime Value is 60,508 million and Annual Peak Revenue is Rs.11,734 million) Peak Annual revenue* in next 3 years from new SOP Revenue % win from 2&3W and 4W Players 11,800 12,000 42.8% 8,400 57.2% FY26 FY27 FY28 2W&3W 4W&Others Revenue % win from Customers Revenue
Slide 16: Compounding Machine of Value
Volume growth on top of inflation Revenue recovery to pave way for profitable Growth growth Debt reduction, less capital-intensive investments and prudent capital deployment in organic + inorganic Sustainable improvement in contribution margins growth opportunities to ensure through economies of sca
Slide 17: Our Businesses
Our Businesses 29th May 2025 1
Slide 18: Electrical Electronics & Lighting
Meet The Future Of Mobility: Electrical Electronics & Lighting Amping Up The Future With Electrical Technology 10 facilities - India 05 facilities - Overseas EV Products Our customizable traction motor, traction Lighting Solution motor controller, DC-DC converter, BMS Our Headlamp, tail lamps and si
Slide 19: Polymer
Meet The Future Of Mobility: Polymer 13 FACILITIES - INDIA Elevating Your Ride. Reducing Your Load. Mirror Assemblies 2K Technology-Based Products Through our portfolio of 30+ mirror Our products boast the latest 2K technology, assembly variants we offer premium providing high-gloss and visually app
Slide 20: Metallic
Meet The Future Of Mobility: Metallic 2 FACILITIES - ITALY 5 FACILITIES - INDIA From iron to icon. Our Journey in Metallics. Valves Metallic solutions for EVs Our category of valves (sodium, Our EV portfolio designed to focus on titanium, intake, and exhaust valves) are compact design and light weig
Slide 21: Aftermarket
Meet The Future Of Mobility: Aftermarket EXPORTS TO 30+ COUNTRIES CAGR of 19% over last 6 year 1,490 PAN INDIA DISTRIBUTOR 1,250 +310 Cities +720 Distributors 710 5,468 4,874 East 765 West 2,260 12% 1,706 27% 19-20 20-21 21-22 22-23 23-24 24-25 Export 1,253 Domestic Export 20% • 6 Year CAGR growth o
Slide 22: Our Key Strengths
Our Key Strengths Strong Competitive Long Standing, Low-Cost Continuous Focus on Comprehensive Position in a Growing Customer Manufacturing R&D Capabilities Solution Provider Growing Market Relationships Footprint Enhancing Portfolio Segment • End-to-end services • Developing innovative, cost- • Str
Slide 23: Sustainability
Sustainability PERFORM@CHANGE
Slide 24: ESG Framework
ESG Framework At Varroc, our ESG & Sustainability vision is to co-create a sustainable value for our stakeholders through innovative research, engineering, & manufacturing of environmentally sustainable products for mobility sector through environment friendly operations aligning with our corporate
Slide 25: Commitment to Environment
Commitment to Environment RENEWABLE ENERGY GHG EMISSIONS ▪ 30% Renewable energy contributions. ▪ 110 Energy efficiency and Energy Commitment to increase to 50% in coming conservation projects/Kaizens implemented years. in FY23. ▪ We generated 52.7 Million units of renewable ▪ Approx. 5 Lakhs Electri
Slide 26: Varroc's Kham River Restoration Mission
Varroc’s Kham River Restoration Mission Our commitment to the Kham River Restoration Project reflects our ethos of blending sustainability, innovation, and community engagement to restore one of Chhatrapati Sambhajinagar’s most crucial water bodies and giving back to the city where we started. 1,24,
Slide 27: Commitment to Society
Commitment to Society Creating meaningful differences to the society through environmental and social welfare projects Kham River Nurturing Future Social Impact Restoration Sports Talent Programs • Kham River Eco Restoration Project was introduced • Varroc Vengsarkar Cricket Academy (VVCA) • Learn a
Slide 28: Thank You
THANK YOU PERFORM@CHANGE