Growth. Motivation. Better Life SANDHAR. Growt. Motivation. Better Life

Transcription

1 SANDHAR Growth. Motivation. Better Life SANDHAR Growt. Motivation. Better Life QUARTER II AND HALF YEARLY FINANCIAL REVIEW-FY

2 SAFE HARBOR This presentation and the accompanying slides (the Presentation ), which have been prepared by Sandhar Technologies Ltd. (the Company ), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the tire industry in India and world-wide, competition, the company s ability to successfully implement its strategy, the Company s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company s market preferences and its exposure to market risks, as well as other risks. The Company s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections. 2

3 - - CVs 3W YTD September 18 2W YTD September 17 Scooter/Scooterettee Motor cycles/stepthroughs YTD September II -- II Total 2 W Vol in Lacs 2 Wheelers PVs Total Vol Vol in Lacs Indian Auto Sector Industry Performance Mopeds YTD September 17 Auto Sector Gr: % ; 2 W Gr: 11.9% - Motorcycles : 14.8%, Scooters : 6.5% ; PVs Gr: 5.1% ; CVs : 37.1% CVs Vol in Lacs Passenger Cars Utility Vehicles(UVs) YTD September 18 YTD September II Total PV Vol in Lacs Passenger Vehicles Vans Total CV M&HCVs YTD September 18 LCVs YTD September 17 3

4 Where are we.. Consolidated 0 1e,, HI FY 19 (A) HI FY 19 (B) HI FY 18 (A) GR Vs LY % t 23.4% t 16.0% 10.47% 11.00% 11.14% % 5.78% 5.39% % 4.01% 3.75% Total Income EBITDA EBITDA % - EBT EBT % t 35.5% 34.6% PAT PAT % * Total Income excludes Inter-unit sale amounting to Rs Crs. Vs Crs. Last year GR Vs B % -2.1% -6.8% t 0.2% -0.4% 4

5 Where are we.. Standalone HI FY 19 (A) HI FY 19 (B) HI FY 18 (A) GR Vs LY % % % EBITDA % 10.60% 11.00% 11.50% % 6.40% 6.10% % 4.40% 4.20% 0 1e,, Total Income EBITDA GR Vs B % -2.4% -5.8% 37.1% 2.4% 36.2% 1.7% EBT EBT % PAT PAT % * Total Income excludes Inter-unit sale amounting Rs Crs. Vs Crs. Last year 5

6 Where are we. SANDHAR Growth. Motivation. Better Life 37.1% 20.0% 34.6% Overall Growth 2 & 3 Wheelers I -~ - Passenger Vehicles Sandhar Rev Gr % Hero % % TVS.:;;J; % 22.9% % 1.1% I 5.1% 7.9% 13.2% 20.2% 12.7% 23.4% 75.4%... ~ Sandhar vs. Industry STL Rev OEM Vol OEM Gr STL Gr (Rs in Customer (Mn) % % Crs) Commercial Vehicles HONDA OHV BOSCH NA 72.2 NA 163.0% NA 52.0 NA 8.6% % 18.4% 42.6 NA 7.8% 25.8 NA 39.5% Industry Vol. Gr % ~ NA ~ Segmentwise Revenue- Rs Crs Au t oliv WW ww TATA HITACHI MMMtsttwl I PVs CVs I OHVs I Others... NA, ww ww ww ww ww ww w NA I 2 & 3 Wheelers w ~, w WW ww ww ww ww ww w w, WW ww ww = NA 33.1% 39.6% 33.7% % 27.9%... 6

7 Where are we.. ~ Business Segment* a < a % 15.8 % 43.2% Locking Systems J 12.0 % 13.0 % 4.5 % Vision Systems Sheet Metal Cabins & Fabrication ADC 9.9% 12.2 % 12.1 % 15.5% Product Categories* 021 Customers* 21.8% Hero TVS ~ 29% Financials** 22% Particulars Revenue from Operations Gross Margin EBITDA Finance Expenses EBDT EBT Net Profit Share Capital EPS (in Rs.) * Based on Consolidated HONDA 7% (ili-i =l 6.2% BOSCH 4.4% 4.1% Q2- FY 19 (UA) Q1-FY 19 (UA) Q2-FY 18 (UA) H1-FY 19 (UA) , ** Based on Standalone ~ILD ii'1ir. -: (, Autoliv 3.6% 2.2% Q2-FY 19 Q2-FY 19 H1-FY 18 Vs Q1-FY Vs Q2-FY (UA) % 16% % 20% % 16% % 29% % 32% % 33% % 13% 7

8 Where are we.. WOS- Financials Total Income (Rs. Crs) YTD Sep FY'19 UA YTD Sep FY'19 B YTD Sep FY'18 A STB Gr (INR) Vs LY % ; Gr (Eur) Vs LY- 2.2 % STB...- STM STP STPL EBT (Rs. Crs) STB Gr (INR) Vs LY %; STB Gr (Eur) Vs LY- 1.0 % YTD Sep FY'19 UA YTD Sep FY'19 B YTD Sep FY'18 A 2.9 STB Gr (INR) Vs LY %; 2.4 STB Gr (Eur) Vs LY % STM STP 0.3.l T STB , EBITDA (Rs Crs) STB STM STP I STPL -0.2 STPL

9 Where to cover.. Revenue YTD Sep FY'18 A Revenue YTD Sep FY'19 B Gross Profit YTD Sep FY'19 B J.I I Jaipur Oragadam Oragadam Hosur...Jaipur Jaipur Gross Profit YTD Sep FY'18 A Gross Profit YTD Sep FY'19 UA Revenue YTD Sep FY'19 UA ( all fig in Rs Crs) Hosur Hosur Oragadam Investments : 31.9 Crs EBITDA : (3.03) Crs Vs 0.0 Crs YTD Sep 17 EBT : (4.88 Crs) Vs 0.0 Crs YTD July 17 Investments : 51.9 Crs EBITDA : (0.48) Crs Vs 0.3 Crs YTD Sep EBT : (1.69) Crs Vs (0.55) Crs YTD Sep 17 Investments : Crs EBITDA : (1.89) Crs Vs 0.0 Crs YTD Sep 17 EBT : (4.51) Crs Vs 0.0 Crs YTD Sep... EBITDA impact : -5.4 Crs ( Margin impacted by 0.46 % ) ; EBT impact : Crs ( Margin impacted by 0.94%) )

10 How we managed financials Standalone Net Worth (Vs. Mar-18) ( all fig in Rs. Crs) Gross Block (Vs. Mar- 18) (+47.7) (+86.1) (-163.4) 64.5 ( ) Borrowings Investments Cash generated from Operations Cash Used in Investing / Increase in WC / Borrowings Free Cash Flow 10

11 SANDHAR New Business in hand Growth. Motivation. Better Life Annual - Rs Crs Annual - Rs Crs Annual - Rs Crs Total:-Annual - Rs Crs; FY (YTD Sep 18): Rs Crs Act Vs Crs Bud Annual - Rs Crs OHV - Rs Crs Others - Rs Crs Annual - Rs Crs Annual - Rs Crs 11

12 New Business Status- Product category SANDHAR Growth. Motivation. Better Life Total New Annual Business awarded: Rs Crs Lock Assembly Rs Crs ( 25.2% )~26.48 Crs. Sheet Metal components Rs Crs ( 2.8 %)~0.08 Crs. Mirror Assembly Rs Crs ( 9.4%)~4.98 Crs. Cabins & Fabrication Rs Crs ( 25.5%)~16.24 Crs. Assembly Rs Crs ( 9.8%)~19.50 Crs. Aluminium Die Casting Rs Crs ( 15.1%)~11.45 Crs. Zinc Die Casting parts Rs Crs ( 2.9%)~1.17 Crs. Plastic Components Rs Crs ( 3.3%)~3.75 Crs. Business FY 18-19(YTD Sep18): Rs Crs Act Vs Rs Budgeted. 12

13 Sandhar Technologies Barcelona S.L. SANDHAR Employe,e s: STBalicello n a - 1 SO I ST Pol a n d - 80 / STM exi,c o - 90 Outputs: 201J,0 0 0 pa1rts per day i( ru n n iing1un der normal cond it iio n s ) Tonnage alumi nium1capacity: 25 T n per day STB & 5 T n pe1r day in STM Certiifications :: I ATF : 201 6, I ISO / OH SAS Alloys used:.r A i(a-3,80 in M e x. ) AJI 230 A i(a I in M ex. )i Main Customers: (Automotive and IN on Auto m ot iiv e )i - rs, A?:.- Aut.o liv 'CI-IAMEIERLAIN. 13

14 Product Portfolio Seat Belt Components Volume pcs l y gr 4-12 CV Brackets, Supports & Pivots Volume pcs / y gr & 1-8 CV. Machined not machined Assem lies of metallic bushings and gromme s Thermo Systems & Others Volume pcs / y Technjcal deaning Machining, Coating gr- 1Kg & 1-8 CV. Housings, Covers & Heatsinks Volume pcs I y gr & 2-6 CV. Technical cleaning achined & not machined Lea age test I Impregnation 14

15 Product Portfolio by application Electrical Drives Front Wiper System Brackets Seatbelt Safety Systems Smart Mechatronics Actuators Truck Turbo Systems Autonomous Driving - Radars Electronic Braking Thermo Cooling Systems Modules Lighting Control Modules 15

16 SANDHAR Growth. Motivation. Better Life THANK YOU 16