Samvardhana Motherson International Limited · NSE:MOTHERSON
Samvardhana Motherson International — Q1 FY2024 Earnings Presentation
23 slides from Samvardhana Motherson International's earnings presentation, Aug 10, 2023
Slide 1: Exchange filing cover letter for Q1 FY24 results
Samvardhana Motherson International Limited (formerly Motherson Sumi Systems Limited) Head Office: C-14 A & B, Sector 1, Noida – 201301 Distt. Gautam Budh Nagar, U.P. India Tel: +91-120-6752100, 6752278, Fax: +91-120-2521866, 2521966, Website: www.motherson.com August 10, 2023 National Stock Exchang
Slide 2: Q1 FY 2023-24 Results Presentation
Proud to be part of. Samvardhana Motherson International Limited (Formerly Motherson Sumi Systems Ltd.) Q1 FY 2023-24 Results Presentation
Slide 3: Growth momentum continued, outpacing industry on back of increasing content per car
Growth momentum continued, outpacing industry on back of increasing content per car and customer support. Performance Highlights. Other Key Highlights. M&A Highlights. Consolidated Amount Growth 6 strategic acquisitions announced (Rs in crores) YoY Global Partnership since April 2023, with annual Re
Slide 4: Macro economic factors stabilising at elevated levels
Macro economic factors stabilising at elevated levels.
Slide 5: Energy prices and Commodity stabilising at elevated level, higher interest rates and wage bill
Energy prices and Commodity stabilising at elevated level, Higher Interest rates and wage bill continue to pose challenges. Macro economic indicators stabilising. Continuing challenges Energy prices EU, USA & India Inflation1 EU, USA & India Interest rates1 Germany in Euro /MWh2 (in %) Europe in USD
Slide 6: Automotive production volume stabilising with easing supply chain
Automotive production volume stabilising with easing supply chain.
Slide 7: YoY recovery across segments, though growth in key geographies flat QoQ
YoY recovery across segments, though growth in key geographies remained flat on QoQ basis. Data represents automotive production volumes Legend YoY QoQ Global. Europe. North America. Light Vehicles Commercial Vehicles Light Vehicles Commercial Vehicles Light Vehicles Commercial Vehicles 18% 16% 14%
Slide 8: Focus on growth with financial discipline
Focus on growth with financial discipline.
Slide 9: Consistently outperforming the industry, with growth in revenues and absolute EBITDA
Consistently outperforming the industry, with growth in revenues and absolute EBITDA . Revenue 5 EBITDA (Rs in Crores) (Rs in Crores) Growth Growth 69% YoY 27% YoY 9.0% 8.6% 22,477 22,462 8.3% 2,400 7.9% 9. 0% 20,267 7.1% 2,066 8. 0% 2,200 6.5% 4 35 1,940 7. 0% 2,000 17,654 18,302 3 6. 0% 17,241 1,8
Slide 10: Leverage ratio within policy of 2.5x; capex under control
Leverage ratio much within “Leverage policy of 2.5x” Capex under control, aligned with growth plans. Net Debt + Lease liabilities1,2 Capex (Rs in Crores) (Rs in Crores) 14,00 0 2.1 2,000 54% 60% 1.9 1.9 2.0 1,800 12,00 0 1.8 2.0 46% 50% 1,600 1.4 1.4 40% 10,00 0 1,400 37% 36% 1,292 1,769 40% 1,520 1
Slide 11: Financial Highlights Q1 FY24
Financial Highlights Q1 FY24.
Slide 12: SAMIL Consolidated Q1FY24 vs Q1FY23
SAMIL Consolidated Q1FY24 vs Q1FY23. (Rs in Crores) Revenues 1 22,462 EBITDA 8.6% 27% YoY 69% YoY 10. 0% 2,000 6.5% 8. 0% 17,654 6. 0% 1,000 1,940 4. 0% 1,151 2. 0% - 0. 0% Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 PBT PAT (before exceptional items and share of associates) (Concern Share) 601 225% YoY 329% Yo
Slide 13: SAMIL Standalone Q1FY24 vs Q1FY23
SAMIL Standalone Q1FY24 vs Q1FY23. (Rs in Crores) Revenues 1 EBITDA. 23% YoY 65% YoY 2,017 1,636 13.9% 330 10.4% 15. 0% 280 230 13. 0% 180 11. 0% 130 281 170 9. 0% 80 7. 0% 30 (20) 5. 0% Q1 FY 2022-23 Q1 FY 2023-24 Q1 FY23 Q1 FY24 PBT PAT (before exceptional items) 49% YoY 56% YoY 226 179 41 120 41
Slide 14: Business Division Highlights
Business Division Highlights.
Slide 15: Business Divisions
Business Divisions. 01. 02. 03. 04. Wiring Modules & Vision Emerging harness Polymer Products Systems Businesses Elastomers Lighting & Precision Metals Technology & Aerospace Logistics Health & Services Electronics & Modules Industrial Solutions Solutions Medical 14 14
Slide 16: Financial Performance: Q1FY24 vs Q1FY23
Financial Performance : Q1FY24 vs Q1FY23. (all figures are Rs. in Crores) Wiring Modules and Vision Harness. Polymer Products. Systems. Revenues1 Revenues1 Revenues 1 Growth 25% Growth 27% 11,978 Growth 32% 9,427 7,633 6,116 4,615 3,488 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 EBITDA EBITDA E
Slide 17: Emerging Businesses: Exponential growth potential with large addressable market
Emerging Businesses Exponential growth potential with large addressable market. Emerging Revenue by Highlights. Businesses. Segment Q1 FY24. Aerospace 1 Revenues Elastomers, Lighting & • Started supplying new product range of tubes, Growth 17% 9.7% Electronics, pipes and sheet metals 40.5% • Acquire
Slide 18: Summary of divisional financial performance
Summary of divisional financial performance. Financials Amount in INR crores Q1FY23 Q1FY24 Business Division Revenue EBITDA EBITDA% Revenue EBITDA EBITDA% Wiring Harness 6,116 483 7.9% 7,633 778 10.2% Modules & Polymer Products 9,427 481 5.1% 11,978 898 7.5% Vision Systems 3,488 293 8.4% 4,615 432 9
Slide 19: Debt Status
Debt Status. (Rs in Crores) Net Debt. A. Net Debt. (Consolidated) Rs. In 8,739 Dec-21 Mar-22 Jun-22 Sep-22 Dec- 22 Mar-23 Jun-23 8,546 Crores 8,442 8,311 8,269 Gross 7,768 Debt 13,457 12,761 12,356 12,671 12,968 12,166 12,546 7,474 Cash & 4,718 4,993 4,087 4,126 4,526 4,692 4,235 Bank Net 8,739 7,76
Slide 20: Reference Rates and Notes
Reference Rates and Notes. Copper Rates. Notes. Average Q1 FY23 Q4 FY23 Q1 FY24 LME Copper (USD / MT ) 9,526 8,930 8,478 1. This presentation has been prepared from the unaudited financial results for the Copper (INR / KG) 792 797 760 quarter ended on June 30, 2023. Explanatory notes have been added
Slide 21: Thank you
Thank you. Safe harbor The contents of this presentation are for informational purposes only and for the reader’s personal non-commercial use. The contents are intended, but not guaranteed, to be correct, complete, or absolutely accurate. This presentation also contains forward-looking statements ba
Slide 22: Appendix
motherson P| Appendix
Slide 23: Bridge to Gross revenue
Bridge to Gross revenue. Revenues (Rs in Crores) Business Division FY23 Q1FY24 Gross revenue 94,491 26,909 Less: Adjustment under INDAS 115 4,740 1,569 (Principal vs Agent consideration) Reported including JVs/ Economic Value 89,751 25,340 Less: JVs consolidated as per equity method 11,050 2,878 Rep
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