Hi-tech Gears Limited · NSE:HITECHGEAR
Hi-tech Gears — The Hi-Tech Gears — Q4 FY2025 Earnings Presentation
27 slides from Hi-tech Gears's earnings presentation, May 30, 2025
Slide 1: Earning Presentation Q4-FY25/FY25
IEfiTTEHflFTBfl&CEARS .WQI!HQF“! EARNING PRESENTATION Q4-FY25/FY25
Slide 2: The Hi-Tech Gears at a glance
Sl PO [2) THE Hi-TECH GEARS 5 10+ 37 Years Manufacturing 2,500+ Exports to Of Experience Plants Employees Countries Strategic 6% Marquee Partners 4 Year 9% Global Customers to Major Auto Revenue CAGR 4 Year PAT CAGR OEMs
Slide 3: Company Overview
COMPANY OVERVIEW E]THEHI—TECHGEARS « The Hi-Tech Gears Ltd. (THGL) was incorporated in 1986 and has grown to be an auto CONSOLIDATED REVENUE (INR MN) & EBITDA > 1 - S MARGINS (%) component manufacturer of high repute, supplying engine and transmission components to diverse marquee customers across t
Slide 4: Key Strengths
KEY STRENGTHS ETHEHI—TECHGEARS & Leading manufacturers of critical One of the very few component Strategically located state-of-the- high-precision gears, manufacturers catering to diverse art manufacturing facilities in shafts and transmission segments of automobiles India, Canada and USA component
Slide 5: Global Footprint and Marquee Customers
OBAL FOOTPRINT AND MARQUEE C MER ) tuE HitECH GEARS DAIMLER DaimlerAG. & @ 1CBPower Cummins D Robert Bosch Magna Powertrain » Perkins < Hero Daimler Fuso MMAGNA Cummins G POWERTRAI cHIRA__=N @ RobertBosch " _— . = SOUTH KOREA Cummins 1‘ = Foton (/ Cummit Daimler @l American Axle ‘ GKN — Magna mexco
Slide 6: Diversified Business Presence
DIVERSIFIED BUSINESS PRESENCE E THE HI-TECH GEARS TWO-WHEELER TAWA S= MOTORCYCLES.COM DAIMLER W TATA MOTORS PASSENGER CARS INDUSTRIAL Association with Top players in each segment ‘
Slide 7: Plants Across India and North America
PLANTS ACROSS INDIA AND NORTH AMERICA ETHEHI—TECHGEARS I+1E Manufacturing facilities in India Manufacturing facilities overseas Plant-l, Bhiwadi Plant-ll, Manesar Plant-1ll, Bhiwadi Plant-1, Guelph, Canada Plant-Il, Emporium USA Est. 1986 Est. 2005 Est. 2011 Acquired 2017 Acquired 2017 DUAL SHORE PR
Slide 8: Product Portfolio
PRODUCT PORTFOLIO E THE HI-TECH GEARS Commercial & Off- Highway Vehicles Trans mission
Slide 9: Manufacturing capabilities
Hot Forging Gear Grinder Warm Forging Honing, Cold Forging Gear Honing, Cold Extrusion Hard Turning, Coining Grinding, etc. CNCTurning Vertical Machining Center EDM . Gear Cutting (Wet & Dry Hobbing / Broaching / Shaping / Shaving) Spline Rolling Auto Shaft straightening Deep Hole Drilling etc. Norm
Slide 10: EV business wins
Won EV business from Hero Moto Corp and Dana — currently in Production Active quotes across customers in EV space
Slide 11: Financial Overview
2] FINANCIAL OVERVIEW
Slide 12: Q4-FY25/FY25 Financial Highlights
Q4-FY25/FY25 FINANCIAL HIGHLIGHTS ETHEHI—TECHGEARS Q4-FY25 Consolidated Highlights Q4-FY25 Standalone Highlights INR 2,149 Mn INR 331 Mn INR 97 Mn INR 1,596 Mn INR 247 Mn INR 134 Mn Operational Operational PAT Operational Operational PAT Income EBITDA Income EBITDA (25.1)% YoY (18.9)% YoY (45.5)% Yo
Slide 13: FY25 Operational Highlights (1/2)
FY25 OPERATIONAL HIGHLIGHTS (1/2) ETHEHI—TECHGEARS India Business: Consolidation and Improving Operating Efficiencies * Standalone India operations continues to be in a consolidation phase, with strong focus on improving operational efficiency. * The company underwent a comprehensive refurbishment a
Slide 14: FY25 Operational Highlights (2/2)
FY25 OPERATIONAL HIGHLIGHTS(2/2) ETHEHI—TECHGEARS North America: Positioned for Growth Amidst Market Volatility * Operational Readiness: * Having undertaken a major overhaul of our overseas operations, we have significantly improved efficiencies and productivity. * Lowered breakeven point by 50% ove
Slide 15: New Business Wins: India and North America
NEW BUSINESS WINS: INDIA AND RTH AMERICA E THE HI-TECH GEARS New business won ~ % 1,754 Mn annualized Current Customer New Customer Current Customer New Customer FY 22-23 1,081 Mn X673 Mn X301 Mn X494 Mn EV Business ICE Business ‘ Entry into Indian Passenger Car customers ’ X360 Mn X1,394 Mn * 114 p
Slide 16: Quarterly Consolidated Financial Performance
PARTICULARS (INR MN) Q4-FY25 Q4-FY24 _ asr2s ool Operational Revenue 2,149 2,869 (25.1)% 2,051 4.8% Total Expenses 1,818 2,461 (26.1)% 1,785 1.8% EBITDA 331 408 (18.9)% 266 24.4% EBITDA Margin (%) 15.40% 14.24% 116 Bps 12.97% 243 Bps Depreciation and amortisation 159 163 (2.5)% 160 (0.6)% Finance co
Slide 17: Quarterly Standalone Financial Performance
QUARTERLY STAN LONE FINANCIAL PERFORMANCE E] THE HI-TECH GEARS PARTICULARS (INR MN) Q4-FY25 Q4-FY24 as-r25.__a.0-q Operational Revenue 1,596 2,030 (21.4)% 1,456 9.7% Total Expenses 1,349 1,758 (23.3)% 1,273 6.0% EBITDA 247 272 (9.2)% 183 35.0% EBITDA Margin (%) 15.48% 13.40% 208 Bps 12.57% 291 Bps D
Slide 18: FY25 Consolidated Financial Performance
FY25 CONSOLIDATED FINANCIAL PERFORMANCE ETHEHI-TECHGEARS PARTICULARS (INR M FY25 FY24 Operational Revenue 9,270 11,069 (16.3)% Total Expenses 7,910 9,569 (17.3)% EBITDA 1,360 1,500 (9.3)% EBITDA Margin (%) 14.67% 13.55% 112 Bps Depreciation and amortisation 635 612 3.8% Finance costs 214 378 (43.4)%
Slide 19: FY25 Standalone Financial Performance
FY25 STAN NE FINANCIAL PERFORMANCE ) tuE HitECH GEARS Operational Revenue 6,576 7,800 (15.7)% Total Expenses 5,613 6,748 (16.8)% EBITDA 963 1,052 (8.5)% EBITDA Margin (%) 14.64% 13.49% 115 Bps Depreciation and amortisation 328 316 3.8% Finance costs 119 182 (34.6)% Other Income 120 93 29.0% PBT 636
Slide 20: Historical Consolidated Income Statement
HI RICAL CONSOLIDATED INCOME STATEMEN E]THEHI-TECHGEARS Particulars (INR Mn) FY22 Fy23 FY24 FY25 Revenue from Operations 9,706 11,692 11,069 9,270 Expenses 8,889 10,278 9,569 7,910 EBITDA 817 1,414 1,500 1,360 EBITDA Margins (%) 8.42% 12.09% 13.55% 14.67% Depreciation and amortisation 523 822 612 63
Slide 21: Historical Standalone Income Statement
RICAL STAN NE INCOME E] THE HI-TECH GEARS PARTICULARS (INR MN FY22 FY23 Fy24 FY25 Revenue from Operations 6,446 7,818 7,800 6,576 Expenses 5,497 6,725 6,748 5,613 EBITDA 949 1,093 1,052 963 EBITDA Margins (%) 14.72% 13.98% 13.49% 14.64% Depreciation and amortisation 304 316 316 328 Finance costs 179
Slide 22: Historical Consolidated Balance Sheet
HISTORICAL CONSOLIDATED BALANCE SHEET E THE HI-TECH GEARS I NON-CURRENT ASSETS N 5924 N 5,390 N 4,925 4,593 EQuUITY 3,545 4,662 4,836 a) Property, plant and equipment 3,871 3,853 3,417 3,112 Equity Share Capital 188 188 b) Capital work-in-progress 382 132 37 12 c) Right of Use Assets 271 409 625 Oth
Slide 23: Historical Standalone Balance Sheet
HISTORICAL STANDALONE BALANCE SHEET E THE HI-TECH GEARS NON-CURRENT ASSETS 4,266 4,089 4,016 4,075 EQUITY 3,493 3,976 4,431 4,706 a) Property, plant and equipment 1,935 1,840 1,791 1,762 Equity Share Capital 188 188 188 188 b) Capital work-in-progress 160 126 32 Other Equity 3,788 4,243 c) Right of
Slide 24: Historical Consolidated Financial Highlights
HISTORICAL CONSOLIDATED FINANCIAL HIGHLIGHTS L7 [ OPERATIONAL REVENUE (INRMN) EBITDA (INR MN) & EBITDA MARGINS PAT (INR MN) & PAT MARGINS (%) (%) 11,692 11,069 1,500 1,414 9,706 9,270 817 8.42% Fr22 Fv23 FY24 FY25 Fr22 Fy23 Fy24 FY25 Net Debt to Equity (X) ROCE (%) AND ROE (%) Cash Conversion Cycle
Slide 25: Capital Market Information
CAPITAL MARKET INFORMATION E] THE HI-TECH GEARS SHARE PRICE PERFORMANCE 60% 40% 20% 0% -20% -40% Apr-2024 May-2024 Jun-2024 Jul-2024 Aug-2024 Sep-2024 Oct-2024 Nov-2024 Dec-2024 Jan-2025 Feb-2025 Mar-2025 ——Hi-tech gears ———SENSEX MARKET DATA (INR) AS ON 31 MARCH, 2025 SHAREHOLDING PATTERN AS ON 31
Slide 26: Disclaimer
DISCLAIMER ETHE HI-TECH GEARS The Hi Tech Gears Limited Disclaimer: No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such informati
Slide 27: Thank You
2] THANK YOU