Proud to be part of. Presentation on Results Q4 FY

Transcription

1 Proud to be part of. Presentation on Results Q4 FY rd May 2018

2 Financial Highlights Order book status MSSL Consolidated Q4 & FY18 MSSL Standalone Q4 & FY18 SMRPBV Q4 & FY18 SMR Q4 & FY18 SMP Q4 & FY18 PKC Q4 & FY18 Debt status 2

3 Highlights Highest Ever Quarterly of INR 15,282 crores, up by 38% Q4 net profit* of INR 590 crores, up by 24%, Highest Ever Order book of INR 1.30 lac crores approx. Financial Highlights Q4 FY1718 Financial Highlights FY1718 Consolidated Amount (INR Crores) Growth # (%) Consolidated Amount (INR Crores) Growth # (%) Sales 15,282 38% 1,667 29% PBT 1,199 13% PAT * % Sales 55,857 33% 5,626 28% PBT 3,776 18% PAT * 1,939 25% Commenting on the results, Mr. Vivek Chaand Sehgal, Chairman, MSSL said We are very grateful for the continued trust of our customers, which reflects in our order book being the highest ever at 1.3 lac crores (17.2 billion Euro) at SMRP BV. It has been an eventful year which has seen huge greenfield expansion to enable execution of the orders in the coming years and on the inorganic side the proposed acquisition of Reydel Automotive is on schedule. We are also very happy with the members from PKC group, who have whole heartedly embraced the Motherson family. There is a lot to be excited about and as always, together, we look forward to greater challenges and even greater rewards. 3 # All comparisons are on consolidated basis and with the same period last year *Adjusted

4 Financial Highlights Order book status MSSL Consolidated Q4 & FY18 MSSL Standalone Q4 & FY18 SMRPBV Q4 & FY18 SMR Q4 & FY18 SMP Q4 & FY18 PKC Q4 & FY18 Debt status 4

5 Order book status Highest Ever Order Book ( 11.9 bn) ( 12.9 bn) 89,000 94,900 ( 15.2 bn) 1,17,205 ( 17.2 bn) 1,29,785 New Orders worth Rs. 18,109 crores* (Euro 2.4 billion) received during H2 FY18 (Rs. in Crores) (3,320) ( 0.44 bn) ( 2.4 bn) 18,109 New Orders worth Rs. 35,464 crores* (Euro 4.7 billion) received during 12M FY18 Order Book as on Order Book as on Order Book as on SOP H2 FY 18 New Orders H2 FY 18 Order Book as on SOP: Start of production i.e. commencement of commercial execution of orders *Lifetime value at average Euro Rate

6 Financial Highlights Order book status MSSL Consolidated Q4 & FY18 MSSL Standalone Q4 & FY18 SMRPBV Q4 & FY18 SMR Q4 & FY18 SMP Q4 & FY18 PKC Q4 & FY18 Debt status 6

7 MSSL Consolidated : Q4 FY17 vs Q4 FY18 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 1,600 PBT 1,400 1,200 1,000 11,100 9,476 38% 15,282 2,166 11,118 1,624 1,998 Within India Outside India PKC 1, % 1, % without PKC 40% Outside India 23 % within India 2,000 1,800 1,600 1,400 1,200 1, ,291 1,211 29% 1, ,510 Reported PAT (Concern Share) Start up cost 24% 590 (Rs. in Crores) , PBT Start up cost 100 PAT Amortisation / Exceptional costs 7

8 MSSL Consolidated : 12M FY17 vs 12M FY18 (Rs. in Crores) 60,000 58,000 56,000 54,000 52,000 50,000 48,000 46,000 44,000 42,000 40,000 38,000 36,000 34,000 32,000 30,000 28,000 26,000 24,000 22,000 20,000 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 55,857 33% 41,985 48,753 36,123 5,862 7,104 Within India Outside India 35 % Outside India 21 % within India 5,626 6,000 5,800 5,600 5,400 5,200 4, ,000 28% 4,800 4,600 4,400 4,200 4, ,800 3,600 3,400 3,200 3,000 2,800 2,600 5,157 2,400 2,200 4,185 2,000 1,800 1,600 1,400 1,200 1, Start up cost Reported 8 PBT 5,000 4,800 4,600 4,400 4,200 4,000 3,800 3,600 3,400 3,200 3,000 2,800 2,600 2,400 2,200 2,000 1,800 1,600 1,400 1,200 1, % 3,776 3, ,307 2,997 PBT Start up cost PAT (Concern Share) 2,900 2,700 2,500 2,300 2,100 1,900 1,700 1,500 1,300 1, ,554 25% 1,554 1,597 1, Growth Amortisation / Exceptional costs

9 Financial Highlights Order book status MSSL Consolidated Q4 & FY18 MSSL Standalone Q4 & FY18 SMRPBV Q4 & FY18 SMR Q4 & FY18 SMP Q4 & FY18 PKC Q4 & FY18 Debt status 9

10 MSSL Standalone : Q4 FY17 vs Q4 FY18 (Rs. in Crores) 2,100 1,691 1,800 1, , , % 2, , % % Domestic Exports within India PBT Other income Q Q Gain on sale of investment 40 loan & investment provision w/b 11% 9 Recovery from customer 8 PAT 11% % % 12% 14% 16% 18% 20% 22% 24% 26% 28% 30% 32% 34% 36% 38% 40% 42% 44% 46% 48% 50% 52% 54% 56% 58% 60% 62% 64% 66% 68% 70% 50% 48% 46% 44% 42% 40% 38% 36% 34% 32% 30% 28% 26% 24% 22% 20% 18% 16% 14% 12% 10% 8% 6% 4% 2% 0% 4% 6% 8% % 48% 46% 44% 42% 40% 38% 36% 34% 32% 30% 28% 26% 24% 22% 20% 18% 16% 14% 12% 10% 8% 6% 4% 2% 0% 4% 6% 8% 10% 12% 14% 16% 18% 20% 22% 24% 26% 28% 30% 32% 34% 36% 38% 40% 42% 44% 46% 48% 50% 52% 54% 56% 58% 60% 62% 64% 66% 68% 70% PBT Other Income Reported PBT 10

11 MSSL Standalone : 12M FY17 vs 12M FY18 (Rs. in Crores) 11 7,500 7,200 6,900 6,600 6,300 6,000 5,700 5,400 5,100 4,800 4,500 4,200 3,900 3,600 3,300 3,000 2,700 2,400 2,100 1,800 1,500 1, PBT 1,700 1,500 1,300 1, , ,308 19% 7, ,468 Other income 12M Domestic 1,058 Exports 1,173 1, % 1, Gain on sale of investment 78 loan & investment provision w/b 9 Recovery from customer 28 PBT Other income Reported PBT 22 % within India 12M % 48% 46% 44% 42% 40% 38% 36% 34% 32% 30% 28% 26% 24% 22% 20% 18% 16% 14% 12% 10% 8% 6% 4% 2% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% 22% 24% 26% 28% 30% 32% 34% 36% 38% 40% 42% 44% 46% 48% 50% 52% 54% 56% 58% 60% 62% 64% 66% 68% 70% 1,800 1,700 1,600 1,500 1,400 1,300 1,200 1,100 1, PAT 1, ,250 10% 1,380 6% % 48% 46% 44% 42% 40% 38% 36% 34% 32% 30% 28% 26% 24% 22% 20% 18% 16% 14% 12% 10% 8% 6% 4% 2% 0% 4% 6% 8% 10% 12% 14% 16% 18% 20% 22% 24% 26% 28% 30% 32% 34% 36% 38% 40% 42% 44% 46% 48% 50% 52% 54% 56% 58% 60% 62% 64% 66% 68% 70%

12 Financial Highlights Order book status MSSL Consolidated Q4 & FY18 MSSL Standalone Q4 & FY18 SMRPBV Q4 & FY18 SMR Q4 & FY18 SMP Q4 & FY18 PKC Q4 & FY18 Debt status 12

13 SMRPBV : Q4 FY17 vs Q4 FY18 (In Euro Terms**) (In Million Euro) PBT 6% 1,229 1,301 1,200 1, ,209 1, Within India Outside India % ** Please refer to Note Start on last up slide. cost PBT 13 ** Please refer to Note on last slide % Start up cost PAT (Concern Share) Reported PAT Startup & exceptional cost

14 SMRPBV : 12M FY17 vs 12M FY18 (In Euro Terms**) (In Million Euro) ** Please refer to Note on last slide. PBT 14 6,000 5,800 5,600 5,400 5,200 5,000 4,800 4,600 4,400 4,200 4,000 3,800 3,600 3,400 3,200 3,000 2,800 2,600 2,400 2,200 2,000 1,800 1,600 1,400 1,200 1, PBT ,559 10% 5,024 4,487 4, Within India % ** Please refer to Note on last slide. Outside India Start up cost % Start up cost PAT (Concern Share) % Exceptional Cost Startup Cost Reported PAT

15 Financial Highlights Order book status MSSL Consolidated Q4 & FY18 MSSL Standalone Q4 & FY18 SMRPBV Q4 & FY18 SMR Q4 & FY18 SMP Q4 & FY18 PKC Q4 & FY18 Debt status 15

16 SMR : Q4 FY17 vs Q4 FY18 (In Euro Terms**) (In Million Euro) % 406 4% % 13.1% Within India Outside India Revenue growth muted due to forex impact of Euro 26.1 million. % of Sales 16 ** Please refer to Note on last slide.

17 SMR : 12M FY17 vs 12M FY18 (In Euro Terms**) (In Million Euro) 1,700 1,650 1,600 1,550 1,500 1,450 1,400 1,350 1,300 1,250 1,200 1,150 1,100 1,050 1, ,575 1,575 1,503 1, % 11.6% 10.3% Within India Outside India % of Sales Revenue growth muted due to forex impact of Euro 44.7 million. 17 ** Please refer to Note on last slide.

18 Financial Highlights Order book status MSSL Consolidated Q4 & FY18 MSSL Standalone Q4 & FY18 SMRPBV Q4 & FY18 SMR Q4 & FY18 SMP Q4 & FY18 PKC Q4 & FY18 Debt status 18

19 SMP : Q4 FY17 vs Q4 FY18 (In Euro Terms**) (In Million Euro) 1,200 1,100 1, % % Reported ** Startup Cost Adjusted {** After Start up cost for greenfield/ brownfield plants, charged to P&:L} 19 ** Please refer to Note on last slide.

20 SMP : 12M FY17 vs 12M FY18 (In Euro Terms**) (In Million Euro) 4,000 3,900 3,800 3,700 3,600 3,500 3,400 3,300 3,200 3,100 3,000 2,900 2,800 2,700 2,600 2,500 2,400 2,300 2,200 2,100 2,000 1,900 1,800 1,700 1,600 1,500 1,400 1,300 1,200 1,100 1, % 3,452 2, % Reported ** Startup Cost Adjusted {** After Start up cost for greenfield/ brownfield plants, charged to P&:L} 20 ** Please refer to Note on last slide.

21 Financial Highlights Order book status MSSL Consolidated Q4 & FY18 MSSL Standalone Q4 & FY18 SMRPBV Q4 & FY18 SMR Q4 & FY18 SMP Q4 & FY18 PKC Q4 & FY18 Debt status 21

22 PKC : Q4 FY18 & 12M FY18 (In Euro Terms**) (In Million Euro) 1,200 1,100 1,043 1, Q FY Q FY Reported ** 22 ** Please refer to Note on last slide.

23 Financial Highlights Order book status MSSL Consolidated Q4 & FY18 MSSL Standalone Q4 & FY18 SMRPBV Q4 & FY18 SMR Q4 & FY18 SMP Q4 & FY18 PKC Q4 & FY18 Debt status 23

24 Net Debt (Rs. in Crores) There is negative exchange impact of INR 1,258 Crore on Gross Debt and INR 932 Crore on Net Debt as comparable to 31 st March 2017 Standalone Consolidated 7,988 7,595 5,465 1,107 1,355 1, Exchange rate used Rs./Euro Rs./USD

25 Reference Rates, Notes & Safe harbor Copper Rates. Average LME Copper (USD / Ton ) Average LME Copper (USD / Ton ) Exchange Rates. (average) Currency (equal to Rs.) INR to Euro INR to YEN Currency (equal to Rs.) INR to Euro INR to YEN Q ,834 FY ,154 Q Q % Change 6, % FY % Change 6, % Q % Change % % FY FY % Change % (6.5%) Notes : 1. This presentation has been prepared from the audited financial results for the year ended on 31 st March Explanatory notes have been added with additional information 2. refer to the gross sales less excise duty on sales. 3. PBT is before the exceptional items 4. is Profit / Loss before exceptional items + Finance cost + amortization expenses & depreciation expenses 5. SMRPBV, parent company for SMR & SMP prepares financial statements in Euro currency, hence comparative data is given in Euro terms. These results are consolidated in MSSL by using average year todate exchange rates 6. PKC Group has been consolidated and amortisation of intangibles has been done for the first time in the financial year 7. For details, please refer to the results published on the website Safe harbor The contents of this presentation are for informational purposes only and for the reader s personal noncommercial use. The contents are intended, but not guaranteed, to be correct, complete, or absolutely accurate. This presentation also contains forwardlooking statements based on the currently held beliefs and assumptions of the management of the Company, which are expressed in good faith and, in their opinion, are reasonable. Forwardlooking statements involve known and unknown risks, contingencies, uncertainties, market conditions and other factors, which may cause the actual results, financial condition, performance, or achievements of the Company or industry results, to differ materially from the results, financial condition, performance or achievements expressed or implied by such forwardlooking statements. The Company disclaims any obligation or liability to any person for any loss or damage caused by errors or omissions, whether arising from negligence, accident or any other cause. Recipients of this presentation are not to construe its contents, or any prior or subsequent communications from or with the Company or its representatives as investment, legal or tax advice. In addition, this presentation does not purport to be allinclusive or to contain all of the information that may be required to make a full analysis of the Company, target entitles or the proposed transaction. Recipients of this presentation should each make their own evaluation of the Company and of the relevance and adequacy of the information and should make such other investigations as they deem necessary. 25 Thank you.