Slide 1: Exchange cover letter: Earnings Presentation for Q2 FY22
Registered Office Tel: 91 44 2811 2472 “ Maithri ” URL: www.ranegroup.com 132, Cathedral Road, Chennai 600 086, India. CIN: L65993TN2004PLC052856 Rane (Madras) Limited // Online submission // RML/SE/ 38 /2021-22 November 02, 2021 BSE Limited National Stock Exchange of India Ltd. Listing Centre NEAPS
Slide 2: Rane Group Earnings Presentation Q2 FY22
Rane Group Earnings Presentation | Q2 FY22 N o v e m b e r 2 0 2 1 www.ranegroup.com Not to be copied or distributed without permission of Rane Holdings Limited 1
Slide 3: Outline
Outline › Industry Performance Review – Q2 FY22 › Rane Group Performance Review – Q2 FY22 › Group Companies Performance Highlights – Q2 FY22 Not to be copied or distributed without permission of Rane Holdings Limited 2
Slide 4: Industry Performance Review (Q2 FY22)
Industry Performance Review (Q2 FY22) Production YoY Rane Group Sales Growth Rane Group Revenue Vehicle Segment Growth# in % YoY in % (India OEM) Split * (India OEM) Passenger Cars (PC) -14% 13% 39% Utility Vehicles (MUV) 34% 51% 22% Vans 1% 35% 1% - Total Passenger Vehicle 4% 24% 62% Small Commerci
Slide 5: Outline
Outline › Industry Performance Review – Q2 FY22 › Rane Group Performance Review – Q2 FY22 › Group Companies Performance Highlights – Q2 FY22 Not to be copied or distributed without permission of Rane Holdings Limited 4
Slide 6: Group Aggregate Performance Review (Q2 FY22)
Group Aggregate Performance Review (Q2 FY22) Total Revenue (Rs cr.) EBITDA (Rs cr.) PBT* (Rs cr.) 3.3% 7.6% 9.4% 1,395.0 100.3 1,072.9 5.6% 105.9 1.4% 30% 207.7% 45.5 14.8 Q2 FY2021 Q2 FY2022 Q2 FY2021 Q2 FY2022 Q2 FY2021 Q2 FY2022 * PBT includes Exceptional items › Total Revenue increased by 30% fr
Slide 7: RHL Consolidated Performance Review (Q2 FY22)
RHL Consolidated Performance Review (Q2 FY22) Total Revenue (Rs cr.) EBITDA (Rs cr.) PBT* (Rs cr.) 9.6% 3.9% 6.8% 697.3 50.3 2.5% 27.1 33.1% -6% 106.2% 524.0 13.2 47.2 Q2 FY2021 Q2 FY2022 Q2 FY2021 Q2 FY2022 Q2 FY2021 Q2 FY2022 * PBT includes net profit/loss from JV and Exceptional items › Total Rev
Slide 8: Group Aggregate Performance Review (YTD)
Group Aggregate Performance Review (YTD) Rs Cr 6M FY21# 6M FY22 Total Revenue 1,387.0 2,485.4 EBITDA 24.1 170.0 EBITDA Margin 1.7% 6.8% PBT Before Exceptional Items (104.3) 36.4 Exceptional Income / (Expenses)* (21.6) 36.3 PBT (126.0) 72.7 PBT Margin -9.1% 2.9% PAT (97.1) 51.7 PAT Margin -7.0% 2.1%
Slide 9: RHL Consolidated Performance Review (YTD)
RHL Consolidated Performance Review (YTD) Rs Cr 6M FY21# 6M FY22 Total Revenue 718.1 1,223.1 EBITDA 4.0 70.6 EBITDA Margin 0.6% 5.8% PBT Before Share of profit/ (loss) of JV & Exceptional (78.2) (9.0) Items Share of profit/ (loss) of JV (Net of Exceptional items & (13.9) 19.4 Tax) Exceptional Income
Slide 10: Outline
Outline › Industry Performance Review – Q2 FY22 › Rane Group Performance Review – Q2 FY22 › Group Companies Performance Highlights – Q2 FY22 Not to be copied or distributed without permission of Rane Holdings Limited 9
Slide 11: Rane (Madras) Ltd. (RML)
Rane (Madras) Ltd. (RML) Not to be copied or distributed without permission of Rane Holdings Limited 10
Slide 12: RML Standalone – Operational Performance Review
RML Standalone – Operational Performance Review Business Split (Q2 FY22) Market Environment By Market (%) › Experienced strong demand from passenger vehicle and commercial vehicle India Intl OEM, 28 OEM&OES, 56 segment in India. › Semiconductor shortage impacted demand from International customers ›
Slide 13: RML Standalone – Financial Performance Review
RML Standalone – Financial Performance Review Total Revenue (Rs cr.) EBITDA (Rs cr.) PBT (Rs cr.) 10.2% 7.6% 2.7% 413.2 44.6% 29.3 31.2 11.2 285.7 3.3% 6.7% 19.8% 9.4 Q2 FY2021 Q2 FY2022 Q2 FY2021 Q2 FY2022 Q2 FY2021 Q2 FY2022 › Total Revenue increased by 44.6% from Rs. 285.7 Cr in Q2 FY21 to Rs.413
Slide 14: RML – Standalone Financials (YTD)
RML – Standalone Financials (YTD) Rs Cr 6M FY21# 6M FY22 Total Revenue 382.0 713.7 EBITDA 16.8 54.8 EBITDA Margin 4.4% 7.7% PBT Before Exceptional Items (22.7) 16.2 Exceptional Income / (Expenses) - - PBT (22.7) 16.2 PBT Margin -5.9% 2.3% PAT (15.5) 12.2 PAT Margin -4.1% 1.7% Total Comprehensive Inc
Slide 15: RML Consolidated – Financial Performance Review
RML Consolidated – Financial Performance Review Total Revenue (Rs cr.) EBITDA (Rs cr.) PBT *(Rs cr.) 4.7% 1.1% 171.6% 5.0 459.5 5.1% -2.2% 322.1 Q2 FY2021 Q2 FY2022 42.6% 32.0% 21.6 16.4 -7.0 Q2 FY2021 Q2 FY2022 Q2 FY2021 Q2 FY2022 * PBT includes Exceptional items › Total Revenue increased by 42.6%
Slide 16: RML – Consolidated Financials (YTD)
RML – Consolidated Financials (YTD) Rs Cr 6M FY21# 6M FY22 Total Revenue 436.4 800.4 EBITDA (11.6) 32.9 EBITDA Margin -2.6% 4.1% PBT Before Exceptional Items (59.1) (15.7) Exceptional Income / (Expenses)* - 37.21 PBT (59.1) 21.5 PBT Margin -13.6% 2.7% PAT (51.9) 17.5 PAT Margin -11.9% 2.2% Total Com
Slide 17: Rane Engine Valve Ltd. (REVL)
Rane Engine Valve Ltd. (REVL) Not to be copied or distributed without permission of Rane Holdings Limited 16
Slide 18: REVL – Operational Performance Review
REVL – Operational Performance Review Business Split (Q2 FY22) Market Environment By Market (%) › Experienced strong demand from Indian OE customers in passenger vehicle and India Aftermarket, 9 commercial vehicle segments › The schedules from International OE customers was affected by semiconductor
Slide 19: REVL – Financial Performance Review
REVL – Financial Performance Review Total Revenue (Rs cr.) EBITDA (Rs cr.) PBT *(Rs. cr.) 4.6% 3.5% Q2 FY2021 Q2 FY2022 -5.3 -4.5 100.4 20.4% 3.9 15.8% 83.4 8.7% 3.5 -4.4% Q2 FY2021 Q2 FY2022 Q2 FY2021 Q2 FY2022 -6.4% * PBT includes Exceptional items › Total Revenue increased by 20.4% from Rs. 83.4
Slide 20: REVL – Financials (YTD)
REVL – Financials (YTD) Rs Cr 6M FY21# 6M FY22 Total Revenue 113.9 176.4 EBITDA (12.7) 1.3 EBITDA Margin -11.1% 0.7% PBT Before Exceptional Items (29.6) (12.5) Exceptional Income / (Expenses)* (0.81) (0.90) PBT (30.4) (13.4) PBT Margin -26.7% -7.6% PAT (19.8) (8.9) PAT Margin -17.4% -5.0% Total Comp
Slide 21: Rane Brake Lining Ltd. (RBL)
Rane Brake Lining Ltd. (RBL) Not to be copied or distributed without permission of Rane Holdings Limited 20
Slide 22: RBL – Operational Performance Review
RBL – Operational Performance Review Business Split (Q2 FY22) Market Environment By Market (%) Intl OEM & After › Demand recovered across key served segments Market, 4 India OEM&OES, › In the Aftermarket, STU and other Bus segment continue to underperform 55 India Aftermarket, 41 Operational Highlig
Slide 23: RBL – Financial Performance Review
RBL – Financial Performance Review Total Revenue (Rs cr.) EBITDA (Rs cr.) PBT (Rs cr.) 21.0% 15.5% 22.6 7.0% 126.2 11.2% 16.7 107.7 17.2% 37.8% 47.2% 14.1 8.8 Q2 FY2021 Q2 FY2022 Q2 FY2021 Q2 FY2022 Q2 FY2021 Q2 FY2022 › Total Revenue increased by 17.2% from Rs. 107.7 Cr in Q2 FY21 to Rs. 126.2 Cr i
Slide 24: RBL – Financials (YTD)
RBL – Financials (YTD) Rs Cr 6M FY21# 6M FY22 Total Revenue 148.9 224.1 EBITDA 19.0 21.3 EBITDA Margin 12.8% 9.5% PBT Before Exceptional Items 6.7 10.7 Exceptional Income / (Expenses) - - PBT 6.7 10.7 PBT Margin 4.5% 4.8% PAT 4.6 7.1 PAT Margin 3.1% 3.2% Total Comprehensive Income 4.9 6.0 # The busi
Slide 25: Rane TRW Steering Systems Pvt. Ltd. (RTSS)
Rane TRW Steering Systems Pvt. Ltd. (RTSS) Not to be copied or distributed without permission of Rane Holdings Limited 24
Slide 26: RTSS – Operational Performance Review
RTSS – Operational Performance Review Business Split (Q2 FY22) Market Environment By Market (%) › Strong off-take from Commercial vehicle segment in steering business India OEM&OES, › Occupant Safety business sales impacted due to semiconductor shortages Intl OEM, 38 57 India Aftermarket, 5 Operatio
Slide 27: RTSS – Financial Performance Review
RTSS – Financial Performance Review Total Revenue (Rs cr.) EBITDA (Rs cr.) PBT (Rs cr.) 9.4% 9.6% 5.2% 32.5 5.1% 18.2 347.1 26.5 25.7% 22.7% 29.1% 276.1 14.1 Q2 FY2021 Q2 FY2022 Q2 FY2021 Q2 FY2022 Q2 FY2021 Q2 FY2022 › Total Revenue increased by 25.7% from Rs. 276.1 Cr in Q2 FY21 to Rs. 347.1 Cr in
Slide 28: RTSS – Financials (YTD)
RTSS – Financials (YTD) Rs Cr 6M FY21# 6M FY22 Total Revenue 362.5 622.6 EBITDA 10.9 52.3 EBITDA Margin 3.0% 8.4% PBT Before Exceptional Items (13.2) 23.6 Exceptional Income / (Expenses) - - PBT (13.2) 23.6 PBT Margin -3.6% 3.8% PAT (9.8) 17.6 PAT Margin -2.7% 2.8% Total Comprehensive Income (9.4) 1
Slide 29: Rane NSK Steering Systems Pvt. Ltd. (RNSS)
Rane NSK Steering Systems Pvt. Ltd. (RNSS) Not to be copied or distributed without permission of Rane Holdings Limited 28
Slide 30: RNSS – Operational Performance Review
RNSS – Operational Performance Review Business Split (Q2 FY22) Market Environment By Market (%) › Strong growth in Utility Vehicle segment Intl OEM, 0 India OEM&OES, › Semiconductor shortage impacting the demand 100 Operational Highlights By Vehicle Segment (%) › Secured new business for MSC product
Slide 31: RNSS – Financial Performance Review
RNSS – Financial Performance Review Total Revenue (Rs cr.) EBITDA (Rs cr.) PBT* (Rs cr.) 9.9% 5.5% 11.2% 836.9% -1.0% 19.8 360.2 28.4% 13.4% 35.5 280.5 -2.7 31.4 Q2 FY2021 Q2 FY2022 Q2 FY2021 Q2 FY2022 Q2 FY2021 Q2 FY2022 * PBT includes Exceptional items › Total Revenue increased by 28.4% from Rs. 2
Slide 32: RNSS – Financials (YTD)
RNSS – Financials (YTD) Rs Cr 6M FY21# 6M FY22 Total Revenue 318.8 658.1 EBITDA 19.3 64.5 EBITDA Margin 6.1% 9.8% PBT Before Exceptional Items (7.1) 33.6 Exceptional Income / (Expenses)* (20.8) - PBT (27.9) 33.6 PBT Margin -8.7% 5.1% PAT (18.4) 21.7 PAT Margin -5.8% 3.3% Total Comprehensive Income (
Slide 33: Thank You
Thank You Rane Corporate Centre For further information, please contact: “Maithri" 132, Cathedral Road, investorservices@ranegroup.com or dpingle@christensenir.com Chennai - 600 086, India www.ranegroup.com Not to be copied or distributed without permission of Rane Holdings Limited 32
Slide 34: Glossary of Abbreviations
Glossary of Abbreviations Abbreviation Expansion Abbreviation Expansion CV Commercial Vehicle PAT Profit After Tax Cr Crores PBT Profit Before Tax EBITDA Earnings Before Interest, Tax, Depreciation PC Passenger Car and Amortization PV Passenger Vehicle FT Farm Tractors Q1 Quarter 1 FY Financial Year
Slide 35: Disclaimer
Disclaimer This presentation may contain certain forward looking statements concerning Rane’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements. T