Ppap Automotive Limited · NSE:PPAP
Ppap Automotive — Q1 FY2022 Earnings Presentation
29 slides from Ppap Automotive's earnings presentation, August 2021
Slide 1: PPAP Automotive Limited – Taking Challenges, Together
PPAP Automotive Limited PPAP Automotive Limited TAKING CHALLENGES, TOGETHER Investor presentation – August 2021
Slide 2: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by PPAP Automotive Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secu
Slide 3: Company Overview
Company Overview 7 A V/A
Slide 4: Business – at a Glance
Business – at a Glance Automotive Parts Business • Core competence in developing Automotive Body Sealing systems and Interior and Exterior Injection molded parts • Enhancing per car contribution by adding more products and customers in all segments (PV / 2 W / CV / Tier 1) • PPAP is focused on devel
Slide 5: Company Ethos
Company Ethos Vision Statement To be our customer’s No. 1 supplier Mission Statement Values To be a global level excellence company, • Trustworthiness with an inspiring work culture , • Mutual Respect for serving customers and the society, • Creativity by exceeding the expectations, • Co-operation o
Slide 6: Journey Towards Excellence…
Journey Towards Excellence… 1990-2002 2008-2014 2018-2020 • Established Plant - V (Vallam Vadgal) • Conversion of partnership • Listed on BSE and NSE and Plant VI (Ukhlod) firm to private company • Established Plant - III (Surajpur) and Plant - IV (Pathredi) • VW, Hyundai & Kia added as • Establishe
Slide 7: Board of Directors
Board of Directors Bachelor of Commerce from B.E. (Mech.) from I.I.T. Roorkee A Fellow Member of the Institute Shri Ram College of and M.B.A. from IIM, Ahmedabad of Chartered Accountants of India Commerce, Delhi University Has a rich and diverse top Managing Partner and a key Associated with the Com
Slide 8: Leadership
Leadership Ramesh C Khanna Niraj Kalra M Krishnaswamy Deepak Singh COO Head - Non OEM Head - OEM (S&W)* Head – Supply Chain Experience: 42 years Experience: 25 years Experience: 25 years Experience: 22 years Sachin Jain Kamal Behl Avinash Tripathi Aseem Yadav CFO Head - PTI Head OEM -(N&NW)# Head -
Slide 9: Operating Locations…
Operating Locations… The Company’s state of the art manufacturing facilities are strategically located across the PVs automotive hubs in Northern, Southern and Western India JAMMU & KASHMIR LADAKH HIMACHAL PRADESH PUNJAB UTTARANCHAL HARYANA SIKKIM ARUNACHAL DELHI PRADESH UTTAR RAJASTHAN PRADESH ASSA
Slide 10: Manufacturing Facilities…
Manufacturing Facilities… Part & Tool Plastic Extrusion PVC / TPO / PP MATERIAL Design Manufacturing • 4 Locations; 15 Extrusion Lines • Bending technology, Welding technology, Chrome SUS extrusion and Notching technology Rubber Extrusion EPDM & TPV MATERIAL • 2 Locations; 3 EPDM extrusion lines, 1
Slide 11: Passenger Vehicle Products
Passenger Vehicle Products PPAP offers a diverse range of products that are applicable to both EV and non-EV vehicles SUN ROOF/ ROOF MOULDING DRAIN HOSE BACK DOOR MOULDING OPENING WINDSHIELD WAIST SEAL OUTER SLIDE RAIL CTR UPPER WEATHERSTRIP INNER AIR SPOILER GLASS RUN CHANNEL Hood Seal DAM WINDSHIE
Slide 12: Passenger Vehicle Products
Passenger Vehicle Products PPAP offers a diverse range of products that are applicable to both EV and non-EV vehicles REAR TRAY REAR PILLAR TAIL GATE Commercial Vehicle Product DOOR PARTITION DOOR MOULDING CABIN INSTRUMENT PANEL TRUNK LINING GRILLE LOWER LNG REAR PANEL FRONT BUMPER BODY SIDE MOULDIN
Slide 13: Two Wheeler & Three Wheeler Products
Two Wheeler & Three Wheeler Products PPAP offers a diverse range of products that are applicable to both EV and non-EV vehicles Molded Seat Base Cover Handle, Battery Pack for Fender Rear, Shield, Front Electric Vehicles Upper Leg Front Fender Rear, Lower Controller Air Connecting Tube Cover Leg, Co
Slide 14: Diversified Product Mix
Diversified Product Mix Plastic Injection Tools Battery Pack for Back up power Pail Containers Application : Solar Street Light Mobile Towers UPS Tonnage – Upto 850 Tons The battery packs are used in Containers for storing fertilizers, Size – 1500 (L) x 1000 (W) x 850 (H) multiple products for provi
Slide 15: Aftermarket – A Large Opportunity
Aftermarket – A Large Opportunity • The Company has ventured into development of parts and accessories for aftermarket. • The products are sold through the wholly owned subsidiary Elpis Components Distributors Private Limited • Currently, this segment contributes 3% of revenue and is expected to inc
Slide 16: Esteemed Clientele
Esteemed Clientele Passenger Vehicle Battery Packs – Two Wheeler Tooling Storage System EV Customer EV Customer EV Customer Pail Containers Commercial Vehicle Note - The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 16
Slide 17: Growth Roadmap – Explore, Expand & Excel
Growth Roadmap – Explore, Expand & Excel Strengthen and grow Automotive Parts business ▪ Development of value-added parts that will command higher prices and 01 contribute to higher margins ▪ Increase per car value for existing customers and continue to add new customers To Strengthen & Market Place
Slide 18: Why Trust PPAP… at a glance
Why Trust PPAP… at a glance 01 01 02 03 04 Continuous improvement Portfolio approach to Organic growth Sound financials giving of operational efficiency margin-rich blended complemented by adding headroom to fund its product mix new clients and geographies growth • Cost sensitive working • The Compa
Slide 19: Financial Highlights
Financial Highlights 7 A V/A
Slide 20: Key Highlights
Key Highlights In INR Cr Revenue EBITDA PAT 78.6 3.5 -3.3 17.6 -12.4 -14.4 Q1FY21 Q1FY22 Q1FY21 Q1FY22 Q1FY21 Q1FY22 Note - Q1FY21 performance was impacted due to Covid 19 first wave induced lockdown and Q1FY22 performance was impacted by Covid 19 second wave induced lockdown restrictions of varying
Slide 21: Segmental Breakup
Segmental Breakup Q1FY21 Q1FY22 Tools & Others 5.0% Tools & Others 30.0% 70.0% Parts 95.0% Parts 21
Slide 22: Standalone P&L – Q1FY22
Standalone P&L – Q1FY22 Particulars (INR Cr) Q1FY22 Q1FY21 Y-o-Y (%) Q4FY21 Q-o-Q (%) FY21 Revenue from operations 78.6 17.6 346.3% 113.5 -30.7% 321.2 COGS 46.6 11.4 64.7 182.6 Gross Profit 32.0 6.2 414.5% 48.8 -34.4% 138.6 Gross Profit Margin 40.7% 35.3% 43.0% 43.1% Employee Expenses 17.1 13.3 17.3
Slide 23: Standalone Balance sheet – FY21
Standalone Balance sheet – FY21 Liabilities (In Rs. Crs) Mar-21 Mar-20 Assets (In Rs. Crs) Mar-21 Mar-20 Equity Non Current assets Property, Plant and Equipment 230.6 221.7 Equity Share capital 14.0 14.0 Capital work-in-progress 20.1 7.9 Other Equity 295.8 290.2 Other Intangible Asset 8.9 8.5 Non Co
Slide 24: Standalone Cash Flow – FY21
Standalone Cash Flow – FY21 Particulars (Rs. Crores) Mar-21 Mar-20 Net Profit Before Tax 6.3 23.1 Adjustments for: Non Cash Items / Other Investment or Financial Items 27.0 27.8 Operating profit before working capital changes 33.3 50.9 Changes in working capital -2.2 -2.5 Cash generated from Operati
Slide 25: Consolidated P&L – Q1FY22
Consolidated P&L – Q1FY22 Particulars (INR Cr) Q1FY22 Q1FY21 Y-o-Y (%) Q4FY21 Q-o-Q (%) FY21 Revenue from operations 78.8 17.7 345.5% 114.1 -31.0% 322.2 COGS 46.5 11.5 64.9 183.0 Gross Profit 32.2 6.2 420.6% 49.2 -34.4% 139.2 Gross Profit Margin 40.9% 35.0% 43.1% 43.2% Employee Expenses 17.6 13.4 17
Slide 26: Consolidated Balance sheet – FY21
Consolidated Balance sheet – FY21 Liabilities (In Rs. Crs) Mar-21 Mar-20 Assets (In Rs. Crs) Mar-21 Mar-20 Equity Non Current assets Equity Share capital 14.0 14.0 Property, Plant and Equipment 234.9 221.7 Capital work-in-progress 20.1 8.4 Other Equity 292.2 289.2 Other Intangible Asset 9.0 8.5 Non
Slide 27: Consolidated Cash Flow – FY21
Consolidated Cash Flow – FY21 Particulars (Rs. Crores) Mar-21 Mar-20 Net Profit Before Tax 3.2 22.0 Adjustments for: Non Cash Items / Other Investment or Financial Items 28.6 28.7 Operating profit before working capital changes 31.9 50.7 Changes in working capital -4.4 -2.7 Cash generated from Opera
Slide 28: Historical Standalone Financial Performance
Historical Standalone Financial Performance In INR Cr Revenue EBITDA & EBITDA Margin % PAT & PAT Margin % 19.3% 21.3% 18.8% 14.1% 10.5% 7.3% 9.4% 8.1% 5.4% 1.5% 398 411 85 33 345 360 77 321 67 51 34 37 25 19 5 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY21 FY21 Debt/ Equity Ra
Slide 29: For further information, please contact
For further information, please contact Company : Investor Relations Advisors : CIN: L74899DL1995PLC073281 CIN: U74140MH2010PTC204285 Ms. Sonia Bhandari Mr. Aakash Mehta / Mr. Rahul Agarwal investorservice@ppapco.com aakash.s.m@sgapl.net / rahul.agarwal@sgapl.net +91 98706 79263 / +91 98214 38864 ww