Talbros Automotive Components Limited · NSE:TALBROAUTO
Talbros Automotive Components — Q3 FY2023 Earnings Presentation
32 slides from Talbros Automotive Components's earnings presentation, February 2023
Slide 1: Q3 & 9M FY23 Investor Presentation
TALBROS AUTOMOTIVE COMPONENTS LIMITED Q 3 & 9 M F Y 2 3 I N V ESTOR P R ES EN TATIO N February 2023
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Talbros Automotive Components Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe
Slide 3: Talbros Automotive Components Ltd (TACL) - Group
Talbros Automotive Components Ltd (TACL) - Group Product Portfolio Entities TACL Group Turnover*(Rs. Crs) 9M FY22 9M FY23 TACL Standalone 280 315 Gaskets Nippon Leakless Talbros Pvt Ltd 56 68 Forgings TACL Standalone 156 160 9M FY22 9M FY23 644 755 Chassis 155 Marelli Talbros Chassis Systems Pvt Ltd
Slide 4: New Multi year orders worth over Rs. 1000 crores received
New Multi year orders worth over “Rs. 1000 crores received TACL has received new multi years orders over Rs. 1,000 crores from both, domestic and overseas customers across its business divisions, product segments and JVs. These orders are to be executed over a period of next 5 years covering the com
Slide 5: Q3 FY23 Consolidated Performance Highlights
Q3 FY23 Consolidated Performance Highlights Total Income from Operations EBITDA Profit After Tax* 159.7 23.8 13.7 150.5 20.8 11.1 Q3FY22 Q3FY23 Q3FY22 Q3FY23 Q3FY22 Q3FY23 +6% +14% +24% Rs. Crores ^ Includes Other Income * Excludes Exceptional Items 5
Slide 6: 9M FY23 Consolidated Performance Highlights
9M FY23 Consolidated Performance Highlights Total Income from Operations EBITDA Profit After Tax* 476.5 66.7 38.7 435.0 60.3 32.2 9MFY22 9MF23 9MFY22 9MFY23 9MFY22 9MFY23 +10% +11% +20% Rs. Crores ^ Includes Other Income * Excludes Exceptional Items 6
Slide 7: Q3 FY23 Standalone Business Performance Highlights
Q3 FY23 Standalone Business Performance Highlights Total Income from Operations EBITDA Gaskets 101.4 102.4 14.6 14.4 +1% -2% Q3FY22 Q3FY23 Q3FY22 Q3FY23 Total Income from Operations EBITDA Forgings 56.9 9.5 49.3 6.1 +15% +55% Q3FY22 Q3FY23 Q3FY22 Q3FY23 Rs. Crores Includes Other Income 7
Slide 8: 9M FY23 Standalone Business Performance Highlights
9M FY23 Standalone Business Performance Highlights Total Income from Operations EBITDA Gaskets 315.5 42.9 280.3 38.5 +13% +12% 9MFY22 9MFY23 9MFY22 9MFY23 Total Income from Operations EBITDA Forgings 159.8 23.6 155.6 21.7 +3% +9% 9MFY22 9MFY23 9MFY22 9MFY23 Rs. Crores Includes Other Income 8
Slide 9: Q3 FY23 Consolidated Performance Highlights - JVs
Q3 FY23 Consolidated Performance Highlights Nippon Leakless Talbros Marelli Talbros Chassis Systems Talbros Marugo Rubber 21.0 55.2 19.8 19.7 Revenues 42.8 13.0 +7% +29% +53% Q3FY22 Q3FY23 Q3FY22 Q3FY23 Q3FY22 Q3FY23 4.7 6.1 1.30 4.0 4.1 EBITDA +17% +48% Q3FY22 Q3FY23 Q3FY22 Q3FY23 -0.30 Q3FY22 Q3FY
Slide 10: 9M FY23 Consolidated Performance Highlights - JVs
9M FY23 Consolidated Performance Highlights Nippon Leakless Talbros Marelli Talbros Chassis Systems Talbros Marugo Rubber 68.5 155.1 56.0 Revenues 55.7 115.3 37.6 +23% +35% +49% 9MFY22 9MFY23 9MFY22 9MFY23 9MFY22 9MFY23 15.0 15.6 3.20 12.4 11.4 EBITDA +21% +37% +301% 0.80 9MFY22 9MFY23 9MFY22 9MFY23
Slide 11: Across varied segments
Across varied segments… 4% 8% 9% Domestic Breakup* 11% 10% 26% 9% 25% 2 & 3 Wheelers 37% Passenger Vehicle 22% FY21 FY22 9MFY23 HCV & LCV Agri & Off Loaders 28% 36% 21% Others 28% 26% 6% 8% 8% 5% 5% 4% Breakup (Type of OEM Market)* 25% 25% Exports FY21 23% FY22 9MFY23 After Market 64% 64% 64% Others
Slide 12: Q3 & 9M FY23 Consolidated Profit & Loss Statement
Q3 & 9M FY23 Consolidated Profit & Loss Statement Particulars (Rs. In crores) Q3 FY23 Q3 FY22 Y-o-Y 9MFY23 9MFY22 YoY Revenue from Operations 158.5 148.4 7% 472.2 429.2 10% Other Income 1.1 2.1 4.3 5.8 Total revenue from Operation 159.7 150.5 6% 476.5 435.0 10% Raw Material 86.4 80.2 254.2 228.9 Emp
Slide 13: MDs Comments
MDs Comments Commenting on the performance Mr. Anuj Talwar, Jt. Managing Director, Talbros Automotive Components Limited said: “ The Company has reported strong financial performance in Q3 & 9M FY23. The company registered topline growth of 6% in Q3FY23 at Rs. 160 Crore. EBITDA and PAT have also gro
Slide 14: Substantial Improvement in Business
Substantial Improvement in Business Total Income from Operations EBITDA Profit After Tax* CAGR +29% 14.3% 14.2% CAGR +84% 584.9 453.2 CAGR +29% 44.9 83.2 24.4 64.6 FY21 FY22 FY21 FY22 FY21 FY22 Return on Equity (RoE) Return on Capital Employed (RoCE) Debt / Equity Debt has reduced by 31% + 910 bps +
Slide 15: Hedged Portfolio
Hedged Portfolio… 9MFY23 - Revenue Contribution Segments Product Portfolio Market Exposure TMR 5% ▪ 2 Wheelers ▪ Gaskets ▪ OEMs NLK 5% ▪ 3Wheelers ▪ Heat Shields ▪ After Market MTCS ▪ Passenger Vehicles ▪ Forgings ▪ Exports 13% ▪ Commercial Vehicles ▪ Chassis Systems ▪ Others Forgings ▪ Anti vibrati
Slide 16: Having Diversified Customer base - Top 10 Customers
Having Diversified Customer base - Top 10 Customers FY22 9MFY23 01 Maruti Suzuki India Limited 10% 01 Maruti Suzuki India Limited 11% 02 Bajaj Auto 9% 02 TATA Motors Limited 9% 03 TATA Cummins 8% 03 Jaguar Land Rover Limited 7% 04 Hero Motocorp Limited 7% 04 Bajaj Auto 7% 05 Tata Motors Limited 7% 0
Slide 17: Venturing into EV
Venturing into EV FORGINGS o Supplying parts for Plug-in hybrid Electric Vehicles to OEMs globally o Marelli Talbros is working on new RFQ’s for several Indian and global OEM’s for supporting development of future EV’s o Marelli Talbros Supplies Critical Suspension Components to EV’s Image is for il
Slide 18: Gasket Business
Gasket Business Standalone – Total Income ▪ In – House tool design and manufacturing 382 ▪ ~40% Market share in Gaskets 3x the nearest competitor 333 316 292 265 287 ▪ Market Leader in – Two Wheeler, Agri & Off Loaders, HCV & LCV segment ▪ Single Source Supplier for 5 of our customers ▪ 100% Asbesto
Slide 19: Standalone Business – Forgings
Standalone Business – Forgings Standalone – Total Income ▪ One stop solution for Hot Forging 204 (750 to 2,500 Ton Press) 166 170 160 ▪ In-House tool design and manufacturing 134 115 ▪ Strong presence in Overseas Market & Supplier to top Tier I companies ▪ One Stop Solution for Die Design, Machine p
Slide 20: Strong Global Partnerships - Joint Ventures
Strong Global Partnerships - Joint Ventures Nippon Leakless Talbros Pvt Ltd (NLK) Marelli Talbros Chassis Systems Pvt Ltd (MTC) Talbros Marugo Rubber Pvt Ltd (TMR) ▪ Marugo Rubber Industries Ltd (Japan) - ▪ Nippon Leakless Corporation (Japan) - One of ▪ Magneti Marelli S.p.a (Milano) - A Fiat group
Slide 21: JV's Performance Highlights - Total Income from Operations
JV’s Performance Highlights - Total Income from Operations Nippon Leakless Talbros Marelli Talbros Chassis Systems Talbros Marugo Rubber 122.1 164.6 155.0 54.7 56.0 52.0 106.0 136.8 45.8 129.7 124.3 41.0 83.4 74.2 68.0 FY19 FY20 FY21 FY22 9MFY23 FY19 FY20 FY21 FY22 9MFY23 FY19 FY20 FY21 FY22 9MFY23
Slide 22: About Us: One of the Most Hedged Auto Component Players
About Us Over 6 Decades of experience in Auto Component manufacturing One of the Diversified Auto Component player with presence across Two Wheelers, Passenger, Commercial Vehicles and Farm Equipment's Most Hedged Auto Wide client base, ~40% revenue from top 5 clients Component Businesses across OEM
Slide 23: Leadership Team driving Growth & Profitability
Leadership Team driving Growth & Profitability Anuj Talwar – Joint Managing Director Is a Bachelor in Business Administration from college of William & Mary, Virgina, USA and Master of Business Administration from Boston University Graduate School of Management. He has been associated with the Compa
Slide 24: Board of Directors
Board of Directors • Mr. Naresh Talwar, aged 80 years, is a Promoter and Non- Executive • Mr. Umesh Talwar, has done B.Com (Hons) from Delhi University and MBA Mr. Naresh Talwar Chairman of the Company. He has been associated with the Company Mr. Umesh Talwar from XLRI, Jamshedpur. He has more than
Slide 25: Executive Management
Executive Management Mr. Manish Khanna Mrs. Seema Narang Chief Financial Officer Company Secretary A Qualified CA and MBA, he has over 17 years of experience with LeeBoy India She has over 29 years of experience in the secretarial department and has worked with Constructions, Doosan Infracore, Escor
Slide 26: Scope of Joint Ventures
Scope of Joint Ventures Rear Twist Beam Axle Fuel Hose Strut Mount Steering Bush Front Cross Members Engine Mount Suspension Arms Bush Wheel Group + Corner Module Air Hose Control Arms Knuckles Exhaust Hanger MMT MMT TMR TMR Existing Business Planned for Future Existing Business Planned for Future 2
Slide 27: Evolving Product Portfolio
Evolving Product Portfolio JV with Marugo Evolution Rubber Continues... Revenue FY07 JV with Magneti Marelli Hoses Hoses TA with SANWA Anti Vibration Anti Vibration Gasket 100% Acquired Sheet Metal, Products Products Entry into Forgings, JV with NLK - Gaskets Chassis Systems Chassis Systems Chassis
Slide 28: Hedged Customer Base
Diversified Customer - OEM 2 Wheeler Passenger Hedged Customer Base HCV/LCV Agri & Off Loader Agri & Off Loader 28
Slide 29: Equity
Equity In Rs. Consistently paying Dividend for the decade 2.5 2.0 1.8 1.5 1.5 1.5 1.5 1.2 1.2 1.2 1.2 0.5 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 Promoter Shareholding 56.6% 56.6% 56.6% 56.6% 58.2% 58.2% 58.2% 51.5% 53.9% 54.0% 44.5% 45.6% 46.3% 41.6% Jun-10 Jun-11 Jun-12 Jun-13
Slide 30: Appreciation From Customers
Appreciation From Customers 30
Slide 31: Customer Awards for Best Performances
Customer Awards for Best Performances ACMA Atmanirbhar Excellence Awards Award from Jaguar Land Rover for Gasket Award from Jaguar Land Rover for Forgings Quality improvement contest award 2022 Business 2022 Business 2022 –Kirloskar Oil Engines Ltd 2021 JLKR-Q certificate-2021 Quality improvement co
Slide 32: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : Talbros Automotive Components Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: L29199HR1956PLC033107 CIN: U74140MH2010PTC204285 Ms. Seema Narang Mr. Deven Dhruva/ Ms. Hinal Kothari [email protected] deven.dhruva@sga
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