Gabriel India Limited · NSE:GABRIEL
Gabriel India — Q2 FY2018 Earnings Presentation
25 slides from Gabriel India's earnings presentation, Dec 1, 2017
Slide 1: Result Update Presentation – Q2 FY18
Gabriel India Ltd. Result Update Presentation – Q2 FY18 1
Slide 2: Safe Harbour
Safe Harbour 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 t
Slide 3: Strong Performance continues in Q2FY18
Strong Performance continues in Q2FY18 Revenue PBT +20% +24% 4,717 373 3,921 302 Key Highlights Revenue: Revenue led by Higher Volumes across the segments. Q2FY17 Q2FY18 Q2FY17 Q2FY18 EBITDA PAT PAT: Increase in tax expense due to +19% reduction of 35 (2AB) benefit from +25% 455 200% to 150% 266 383
Slide 4: Financial Highlights - H1FY18
Financial Highlights - H1FY18 8,906 mn 845 mn 9.5% +17.1% +14.9% Revenue EBITDA EBITDA % 676 mn 470 mn 5.3% +18.1% +13.8% PBT PAT PAT % 4
Slide 5: Revenue Mix
Revenue Mix Segment – Mix Channel – Mix 100% 100% 100% 100% 100% 100% 100% 100% 58% 55% 57% 63% 86% 83% 83% 86% 31% 32% 31% 26% 11% 13% 13% 11% 11% 11% 13% 12% 4% 4% 4% 3% FY15 FY16 FY17 H1FY18 FY15 FY16 FY17 H1FY18 2W/3W OE Passenger Vehicles Replacement Commercial Vehicles Export 5
Slide 6: Profit & Loss Highlights
Profit & Loss Highlights % of % of % of % of Rs. Mn Q2FY18 Q2 FY17 YoY% H1 FY18 H1 FY17 YoY% Revenue Revenue Revenue Revenue Revenue (net of excise duty) 4,717 100.0% 3,921 100.0% 20.3% 8,906 100.0% 7,605 100.0% 17.1% Raw Material 3,423 72.6% 2,807 71.6% 6,399 71.9% 5,453 71.7% Employee Expenses 379
Slide 7: Major areas of change to adoption of Ind AS
Major areas of change to adoption of Ind AS Impacted Item Impact • Measurement of investment in Mutual Funds at fair value through profit and Investment in Mutual Funds loss Investment in Equity • Measurement of investment in Equity Instruments at fair value through profit Instruments and loss • Pro
Slide 8: Impact on profit on account of Ind AS
Impact on profit on account of Ind AS (Rs.Mn) Particulars Q2FY17 Profit After Tax reported as per I GAAP 212.8 Actuarial loss on employee defined benefit plan 4.6 Gain of fair valuation of Equity Shares in HDFC Ltd. (5.0) Effect of fair valuation of security deposit 0.1 Profit After Tax reported as
Slide 9: Balance Sheet
Balance Sheet (Rs.Mn) ASSETS 30-Sep-17 EQUITY AND LIABILITIES 30-Sep-17 Non-current assets 3,196 Property, Plant and Equipment 2,738 EQUITY 4,840 Capital work-in-progress 65 Equity Share Capital 144 Investment Property 23 Other Equity 4,697 Intangible Assets 48 Financial Assets Investments 0 Non-Cur
Slide 10: Quarterly Performance Trend
Quarterly Performance Trend Quarterly Performance Trend Revenue EBITDA PAT 15,291 1,440 816 14,441 14,382 1,260 730 3,912 1,164 369 221 Q4 3,484 3,662 326 600 209 284 3,737 353 Q4 159 Q3 3,595 188 3,549 291 152 288 4,717 455 Q3 174 266 Q2 3,848 3,752 3,938 376 213 335 194 319 Q2 137 Q1 3,514 3,704 4
Slide 11: Strong Balance Sheet
Strong Balance Sheet D:E Ratio ROIC* (%) 0.31 32.0% 27.8% 27.7% 26.7% 0.23 19.9% 18.0% 0.04 0.03 0.02 0.02 March’13 March’14 March’15 March’16 March’17 Sept’17 March’13 March’14 March’15 March’16 March’17 Sept’17 * Invested capital excluding Cash & Bank balances, Mutual Fund investments and returns
Slide 12: “Great Place to Work”
“Great Place to Work” Ranked #2 in Auto Component Industry 2017 Rank #52 among Top 100 Companies to work for in India Ranked #3 in Auto Component Industry 2016 Rank #70 among Top 100 Companies to work for in India Ranked #2 in Auto Component Industry 2015 Rank #43 among Top 50 Companies
Slide 13: Awards
Awards Gabriel Khandsa plant received Gabriel Khandsa felicitated by Hon’ble Certificate of Appreciation for Good Chief Minister of UP Shri Yogi Adityanath for Practices in Safety Systems by FICCI Encouraging Women participation in workforce 13
Slide 14: Awards
Awards Gabriel Khandsa won 3 Gold Awards at Gabriel Parwanoo won 1 Gold Award at Quality Forum of India – Delhi Chapter Quality Forum of India – Delhi Chapter GIL Dewas received certificate of appreciation from Powerdown Australia for supplying Quality shock absorber 14
Slide 15: Branding Activities
Branding Activities Sponsorship of Indian Team for Polo World Cup at Australia 15
Slide 16: Business Overview
GABRIEL Business Overview | acrm ansysco C/ fovrecia @rsesirees casmex [EEE] Go) drower mane "mando <3
Slide 17: Introduction
Introduction Incorporated The company, Gabriel India, in 1961 Experienced Pioneers Of Shock Absorber & Professional Management manufacturing in India Innovation Significant Presence in all Strong R&D with over channels of sales 43 patents filed in OE, Aftermarket and Exports Products & Processes Str
Slide 18: Pioneer of Ride Control Products
Pioneer of Ride Control Products… 2/3 Wheeler Front Hydraulic Shock Gas Shock Forks Absorbers Absorbers Passenger Car Gas Shock McPherson Cartridges Absorbers Struts After Market across all segments CV & Railways Shock Cabin Seat Absorbers Dampers Dampers 18
Slide 19: …with Diversified Revenue-Mix (As per IGAAP)
…with Diversified Revenue-Mix (As per IGAAP) Revenue (Rs. Mn) Segment-Wise: FY17 2/3 +28% Wheelers 55% 15,291 14,441 14,382 Passenger 12,745 cars Commercial 32% 11,960 Vehicles 13% Channel–Wise: FY17 Aftermarket OE 13% 83% FY13 FY14 FY15 FY16 FY17 Exports 4% 19
Slide 20: Strategic Manufacturing Footprint
Strategic Manufacturing Footprint Ashok Leyland SML Isuzu Tata Motors GIL Presence Honda Cars Honda Motorcycles TVS Motors GIL Plants ICML Yamaha India Maruti Suzuki Parwanoo GIL Satellite Locations Suzuki Motorcycles Manesar Khandsa AMW GM Sanand Dewas Tata Motors Hindustan Motors Honda Motorcycles
Slide 21: Strategy Going Ahead
GABRIEL acrm ansysco C/ fovrecia @rsesirees casmex [EEE] Go) drower mane "mando <3
Slide 22: Strategic Business Unit Approach…
Strategic Business Unit Approach… 2/3 Wheeler CV & Railways • Quality & Process • Product Technology Technology • New Product Devolvement • Capacity Enhancement Aftermarket Passenger Car • Product Development • Product Innovation • Expanding Reach • Improving Market Share To Derive benefits in Custo
Slide 23: … To Drive Growth
… To Drive Growth Sales Growth • Exports Focus • Inorganic Growth • Global Manufacturing Footprint Efficiency Improvement • Customer Focus Technology & Innovation • Debt Reduction • Improvement in quality • Break Even Point (BEP) • R & D Focus Reduction • Sustainable • Simplification of Parts Manufa
Slide 24: Improving Dividend Profile
Improving Dividend Profile Dividend Per Share (Rs.) 1.30 1.20 • Continuous Dividend 1.05 since 1998 0.85 0.75 • Stable Payout Ratio • Declared Interim 0.50 0.50 0.50 Dividend of Rs. 0.50 per share, amounting to 50% of Face Value. FY11 FY12 FY13 FY14 FY15 FY16 FY17 H1FY18* 15% 21% 32% 33% 31% 23% 23%
Slide 25: 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. Rajendran Arunachalam Mr. Jigar Kavaiya / Ms. Neha Shroff rajendran.arunachalam@gabriel.co.in jigar.kava