Lumax Auto Technologies Limited · NSE:LUMAXTECH
Lumax Auto Technologies — Investor Presentation (February 2019)
56 slides from Lumax Auto Technologies's investor presentation, February 2019
Slide 1: Lumax Auto Technologies Limited
Lumax Auto Technologies Limited Investor Presentation - February 2019
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Lumax Auto Technologies Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for a
Slide 3: DK Jain Group
DK Jain Group Leader in Automotive Lighting & Seven Decade Strong Gear Shifters 13 Entities in 8 States 28 Manufacturing Facilities 3 R&D Centres (India) Over 9,000 Employees & 1 Design Centre (Taiwan) 3
Slide 4: Two Listed Entities
Two Listed Entities Lumax Auto Technologies Limited Group Revenue Break Up (%) Products & Services FY18 Revenue of Rs. 2,950 Cr Intake Systems, Integrated Plastic modules, 2-wheeler Chassis & Lighting, Gear Shifters, Seat Structures & Mechanisms, LED Lighting, Aerospace & Defence Engineering Service
Slide 5: Purpose, Vision & Values
Purpose, Vision & Values GROUP PURPOSE We deliver pride and progress with positivity VISION Building an admired high performance global organisation in whom all stakeholders have absolute trust VALUES Respect | Integrity | Passion | Excellence 5
Slide 6: Diversified Product Range – 4-wheelers & CV
Diversified Product Range – 4-wheelers & CV ▪ Destination Boards & Urea Tanks for Commercial Vehicle ▪ Telematics Products & Services Aftermarket products 6
Slide 7: Diversified Product Range – 2-wheelers
Diversified Product Range – 2-wheelers Aftermarket products 7
Slide 8: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence Japan Korea Italy Japan JV for Lighting and other JV for Gear Shifters JV for Lighting JV for Emission Systems automotive parts Relationship Since 1984 Relationship Since 1997 Relationship Since 2007 Relationship Since 2008 37.5% in Lumax Industries 78.72
Slide 9: 28 Locations close to Customers
28 Locations close to Customers State Mfg Locations # Haryana Bawal 1 Dharuhera 1 Gurugram 2 Manesar 3 Maharashtra Pune 8 Waluj 3 Karnataka Bengaluru 2 Gujarat Sanand 1 Facilities Location Mehsana 1 Gurugram, Manesar, R&D Centre Tamil Nadu Sriperumbudur 1 Pune Design Centre Taiwan Uttarakhand Haridw
Slide 10: Enhanced 360° Customer View
Enhanced 360°Customer View Understand the Customer ▪ A real understanding of varying customer needs & the capability to deliver outstanding results Environmental Conscious Experienced Team ▪ Environment-conscious work ▪ Highly Qualified & Experienced practices workforce of dedicated professionals Te
Slide 11: Relationships with Diversified Customers
Relationships with Diversified Customers Two Wheeler Four Wheeler Commercial Vehicle Tier 1 11
Slide 12: Relationships with Diversified Customers … Strong After Market Exports Presence
Relationships with Diversified Customers Tractor/FES Export Defence & Aero Space … Strong After Market Exports Presence 12
Slide 13: Driving Growth through Diversified Products
Lumax Auto Technologies Limited Driving Growth through Diversified Products 13
Slide 14: Competitive Strengths
Competitive Strengths Award Lumax Brand Awarded with Prestigious JIPM Award Renowned LUMAX Brand Auditors Customer Outreach Statutory Auditors - S. R. Strong OEM presence Batliboi & Co. LLP. & Over 300 Channel Partners Internal Audit by Deloitte Products & Services R&D Centre Intake Systems, Integra
Slide 15: Milestones
Milestones 1997: A Unit was setup in 2007-10 Waluj, Maharashtra to manufacture Chassis 2000: The company was 1981: Lumax Auto Electricals selected as cluster member was established to manufacture 2007: Setup Seat frame for TPM activities by Bajaj 2001-2006 manufacturing plant in PCNTDA, 2-wheeler Li
Slide 16: Milestones
Milestones 2013: Setup a plant at Narsapur, Karnataka to manufacture Moulded parts Formed JV with Gill Austem LLC, USA to manufacture Seat frames 2017-18 & Mechanism 2014: JV company with Mannoh 2011: Setup state-of-the art Industrial Company, Japan Surface Mounted Technology started as Lumax Mannoh
Slide 17: Well defined Corporate Structure
Well defined Corporate Structure Lumax Auto Technologies Limited 100% 50% 50% 55% 100% 100% Lumax Mannoh Lumax Lumax Cornaglia Lumax Gill-Austem Lumax DK Auto* Allied Management Lumax Integrated Auto Technologies Auto Technologies Industries Limited Technologies Services Pvt Ventures Limited Pvt Lim
Slide 18: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence USA Italy Japan Korea JV for Seat Frames, JV for Emission Systems JV for Gear Shifters Structures and Mechanism Relationship Since 2007 Relationship Since 2008 Relationship since 2013 50% in Lumax Cornaglia Auto 45% in Lumax Mannoh Allied 50% in Lumax Gil
Slide 19: Cater to Diversified Segments
Cater to Diversified Segments ✓ Lighting Module(incl. ✓ Gear Shift Lever ✓ Integrated Plastic HT/TL/Indicators & Put Text Here Your Text Here Modules Others) ✓ Intake Systems ✓ Gear Shift Lever ✓ Chassis for 2-wheelers ✓ Seat Frames & Mechanism ✓ Seat Frames ✓ Fabricated parts for 3- wheelers ✓ Inte
Slide 20: Key Customer Relationships
Key Customer Relationships Four Wheeler Commercial Vehicle Two Wheeler Export Tier 1 20
Slide 21: Strategic Locations Close to Customers
Strategic Locations Close to Customers Manesar (HR) Pantnagar (UK) No of Plants: 3 No of Plants: 1 SMT,LED Lighting Integrated Plastic Products Products Painted Parts Modules Gear Shifters Domestic Trading Gurugram (HR) Domestic and Exports Trading - After Markets Chakan & Bhosari ( (MH) Mehsana (GJ
Slide 22: Share Holding as of 31st December, 2018
Share Holding as of 31st December, 2018 Shareholding breakup Others 21.03% Institutions Promoters 23.33% 55.64% 22
Slide 23: Experienced Promoters
Experienced Promoters Mr. Dhanesh Kumar Jain Mr. Anmol Jain Mr. Deepak Jain Chairman Managing Director Director ▪ He is 76 years of age & holds a MBA degree ▪ He is 39 years of age & holds Bachelors in ▪ He is 43 years of age & is a Business from Delhi university & has successfully Business Administ
Slide 24: Supported by Strong Independent Directors
Supported by Strong Independent Directors Mr. Roop Salotra Mr. Milap Jain Ms. Diviya Chanana Mr. Arun Malhotra Mr. K K Gandhi Mr. A P Gandhi ▪ He is 67 years of ▪ She is 45 years of ▪ He is 60 years of age ▪ He is 73 years of age • He is 79 years old & is a ▪ He is 68 years of age & age & holds B.A.
Slide 25: Professional & Experienced Team
Professional & Experienced Team Mr. Naval Khanna Mr. Sanjay Mehta Mr. Ashish Dubey Mr. B S Bhadauriya Corporate Head – Taxation Director & Group CFO Chief Financial Officer Group – Company Secretary Age: 62 years Age: 52 years Age: 51 years Age: 53 years Experience: 42 years Experience: 28 Years Exp
Slide 26: Professional & Experienced Team
Professional & Experienced Team Mr. Sanjay Bhagat Mr. Rajesh Dubbewar Head After Market Head Metallic Age: 52 years Age: 51 years Experience: 28 years Experience: 31 years Mr. Vivek Jakhmola Mr. Atul Jain Head Body & Trim and Emission Corporate Head - Materials Age: 42 years Age: 48 years Experience
Slide 27: Clear focus on Improving Performance
Clear focus on Improving Performance 1 Achieve Leadership in India & Set Sight on the Global Market The Only Gear Shifter Manufacturer in India to have Localised R&D Capability and 2 Gearing to Access the Global Markets 3 Air Intake Systems – Increase Presence in Domestic Market & Enhance Customer O
Slide 28: Financial Performance
LUMNX Financial Performance
Slide 29: Product-wise Revenue Q3 FY19
Product-wise Revenue Q3 FY19 Product-wise Revenue mix Q3 FY18 (Rs. 277 Product-wise Revenue mix Q3 FY19 (Rs. Crores) 320 Crores) Other Misc Other Misc Intake 6% Intake 6% Systems Electronics Systems Electronics Lighting 9% Lighting 5% 4% 8% 28% 25% Chasis & Frames 8% Chasis & Frames 16% Gear Moulded
Slide 30: Product-wise Revenue 9M FY19
Product-wise Revenue 9M FY19 Product-wise Revenue mix 9M FY18 (Rs. 780 Product-wise Revenue mix 9M FY19 (Rs. Crores) 1,021 Crores) Other Misc Other Misc Intake Intake Chasis & Chasis & 7% 6% Systems Systems Frames Frames Lighting 4% Lighting 3% 7% 12% 24% 30% Electronics 7% Electronics 14% Gear Shif
Slide 31: Segmental Revenue Break-Up Q3 FY19: Sales Channel
Segmental Revenue Break-Up Q3 FY19: Sales Channel Sales Channel Q3 FY18 (Rs. 277 Crores) Sales Channel Q3 FY19 (Rs. 320 Crores) 17% 17% 83% 83% OEM After Market OEM After Market 31
Slide 32: Segmental Revenue Break-Up 9M FY19: Sales Channel
Segmental Revenue Break-Up 9M FY19: Sales Channel Sales Channel 9M FY18 (Rs. 780 Crores) Sales Channel 9M FY19 (Rs. 1,021 Crores) 16% 15% 84% 85% OEM After Market OEM After Market 32
Slide 33: Segmental Revenue Break-Up Q3 FY19: Category
Segmental Revenue Break-Up Q3 FY19: Category Category Q3 FY18 (Rs. 277 Crores) Category Q3 FY19 (Rs. 320 Crores) 49% 11% 7% 44% 17% 17% 27% 28% 2/3 Wheeler Passenger Car After Market Others 2/3 Wheeler Passenger Car After Market Others 33
Slide 34: Segmental Revenue Break-Up 9M FY19: Category
Segmental Revenue Break-Up 9M FY19: Category Category 9M FY18 (Rs. 780 Crores) Category 9M FY19 (Rs. 1,021 Crores) 9% 7% 46% 15% 50% 16% 28% 29% 2/3 Wheeler Passenger Car After Market Others 2/3 Wheeler Passenger Car After Market Others 34
Slide 35: Client wise- Revenue Q3 FY19
Client wise- Revenue Q3 FY19 Client-wise Revenue mix Q3 FY18 (Rs. 277 Client-wise Revenue mix Q3 FY19 (Rs. 320 Crores) Crores) Toyota Toyota Others 2% Others 3% 14% Bajaj Auto 10% 31% Bajaj Auto MSIL 38% MSIL 5% 5% HMSI 10% HMSI Aftermarket 13% LIL 17% 17% LIL Aftermarket 18% 17% 35
Slide 36: Client wise- Revenue 9M FY19
Client wise- Revenue 9M FY19 Client-wise Revenue mix 9M FY18 (Rs. 780 Client-wise Revenue mix 9M FY19 (Rs. 1,021 Crores) Crores) Toyota Others Toyota Others 3% 14% 2% 12% Bajaj Auto Bajaj Auto 32% 33% MSIL MSIL 5% 6% HMSI 11% HMSI 13% LIL Aftermarket 16% LIL 15% Aftermarket 22% 16% 36
Slide 37: Revenue & Return Ratios
Revenue & Return Ratios Revenue * EBITDA*^ 1,111 116.2 113.2 965 1,021 905 837 86.1 763 75.2 64.2 70.9 FY14 FY15 FY16 FY17* FY18* 9MFY19* FY14 FY15 FY16 FY17* FY18* 9MFY19* PAT After MI* Cash PAT * 53.7 74.0 73.9 48.7 58.1 48.4 52.6 31.8 34.5 47.8 30.2 29.0 FY14 FY15 FY16 FY17* FY18* 9MFY19* FY14 FY
Slide 38: Expansion funded through Internal Accruals
Expansion funded through Internal Accruals Gross Block Long Term Loan 424 446 51.6 375 332 40.2 294 306 28.1 15.0 11.0 11.0 FY14 FY15 FY16 FY17* FY18* H1FY19* FY14 FY15 FY16 FY17* FY18* H1FY19* Capex Long Term Debt / Equity 91 0.23 0.16 52 36 0.10 31 22 0.05 13 0.03 0.03 FY14 FY15 FY16 FY17* FY18* H
Slide 39: Return Ratios
Return Ratios ROE (%) ROCE (%) 19.0 33.0 13.4 13.5 24.0 11.2 11.2 10.7 17.6 18.0 18.3 18.5 FY14 FY15 FY16 FY17* FY18* H1FY19* FY14 FY15 FY16 FY17* FY18* H1FY19* Dividend (% of Face Value) EPS^ (in Rs.) 100.0 7.9 7.2 70.0 5.1 60.0 60.0 4.4 4.7 4.2 47.0 47.0 FY13 FY14 FY15 FY16 FY17 FY18 FY14 FY15 FY1
Slide 40: 9MFY19 Performance Highlights
9MFY19 Performance Highlights* Revenue EBIDTA^ PAT after MI +37% +51% +31% 1,111 116 113 54 1,021 49 780 83 36 FY18 9MFY18 9MFY19 FY18 9MFY18 9MFY19 FY18 9MFY18 9MFY19 Consolidated Results * Financials as per IND AS Rs. Crores ^EBITDA includes share of profits from Jv’s & Other Income 40
Slide 41: Quarterly Performance Highlights
Quarterly Performance Highlights* Revenue EBIDTA^ PAT after MI +15% +22% +33% 320 36 17 277 30 13 Q3FY18 Q3FY19 Q3FY18 Q3FY19 Q3FY18 Q3FY19 Consolidated Results * Financials as per IND AS Rs. Crores ^EBITDA includes share of profits from Jv’s & Other Income 41
Slide 42: Consolidated P&L Statement
Consolidated P&L Statement* Particulars (Rs. in crores) Q3FY19 Q3FY18 Y-o-Y 9MFY19 9MFY18 Y-o-Y FY18 Net Revenue from Operations 320.01 277.22 15.44% 1,020.76 779.89 30.89% 1,111.47 Raw Material Consumption 220.89 191.49 700.62 543.16 778.14 Employee Expenses 36.69 28.47 108.37 81.52 111.00 Other Ex
Slide 43: Consolidated Balance Sheet
Consolidated Balance Sheet* Assets (Rs. in crores) Sept-18 Mar-18 Equity & Liabilities (Rs. in crores) Sept-18 Mar-18 Non-current assets Equity Property, plant and equipment 250.00 251.51 Equity Share capital 13.63 13.63 Capital work-in-progress 34.21 11.98 Non Controlling Interest 38.09 30.28 Inves
Slide 44: Awards & Recognitions
LUMNX Awards & Recognitions
Slide 45: Awards & Recognition
Awards & Recognition Award – LATL Chakan Plant, Received JIPM Award for TPM Excellence, Category B on 23rd March 2017 45
Slide 46: Awards & Recognition
Awards & Recognition Maruti Suzuki India Ltd Awarded – Lumax Mannoh Allied Technologies Ltd for “Overall Vendor performance” 46
Slide 47: Awards & Recognition
Awards & Recognition BAL –TPM Excellence Award for year 2017-18 to Lumax Auto Technologies Limited, Aurangabad from Bajaj Auto Limited 47
Slide 48: Awards & Recognition
Awards & Recognition Quality Gold Award to Lumax Auto Technologies Limited, Aurangabad, for zero customer complaint for last 2 years i.e. 2016-17 & 2017-18 from Bajaj Auto Limited 48
Slide 49: Awards & Recognition
Awards & Recognition Lumax DK Auto Industries received the Bronze award from Honda Access India in the category of “Development” 49
Slide 50: Awards & Recognition
Awards & Recognition Award –Supplier Convention Received from HMSI on 17th February 2017 50
Slide 51: Awards & Recognition
Awards & Recognition Award for Excellence in Consistent TPM Commitment 51
Slide 52: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 52
Slide 53: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 53
Slide 54: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 54
Slide 55: CSR Initiatives
CSR Initiatives Towards its endeavour to give back to society, the group has taken various initiatives towards Education of the underprivileged. Four schools in the NCR region, close to its facilities have been adopted, starting with improving its infrastructure, to facilitating the annual fee so as
Slide 56: For further information, please contact:
For further information, please contact: Company: Investor Relations Advisors: Lumax Auto Technologies Limited Strategic Growth Advisors Pvt. Limited CIN: L31909MH1981PLC025519 CIN: U74140MH2010PTC204285 Ms. Priyanka Sharma Mr. Rahul Agarwal / Mr. Shrikant Sangani priyanka.sharma@lumaxmail.com rahul
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