Sml Mahindra Limited · NSE:SMLMAH
Sml Mahindra — SML ISUZU — Emkay Confluence – Investor Meet (August 2018)
30 slides from Sml Mahindra's conference presentation, Aug 10, 2018
Slide 1: SML ISUZU Limited Company Presentation
SML ISUZU LIMITED Company Presentation Emkay Confluence – Investor Meet 10th August, 2018 (Friday)
Slide 2: Safe Harbor
Safe Harbor • This presentation and the accompanying slides (the “Presentation”), which have been prepared by 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 t
Slide 3: Board of Directors
Board of Directors S.K.Tuteja, IAS • After serving on the key assignments in various Government Departments at (Retd.) Punjab and Center, Mr. Tuteja retired as Secretary, Food & Public Distribution, Chairman Government of India in 2005. Mr. Tuteja has over 47 years of rich experience in & Independen
Slide 4: Board of Directors
Board of Directors Sudhir Nayar • Mr. Nayar is a B.Tech from IIT Delhi and MBA from FMS, Delhi University and has Independent over 31 years of rich experience in Sales & Marketing functions. He has worked Director with many reputed organizations such as Hindustan Lever Limited (HUL) and Tata Oil Mil
Slide 5: Board of Directors
Board of Directors T. Kikkawa • A graduate from Keio University, Japan. Mr. Kikkawa joined Sumitomo Corporation in April, 1983 and his current position in Sumitomo Corporation is General Manager, Automotive Manufacturing Business Department 1. He has around 34 years of experience in automotive busin
Slide 6: Board of Directors
Board of Directors K. Goda • A graduate from Kyoto Sangyo University, Japan. Mr. Goda joined Isuzu Motors in 1990 and has over 25 years of experience in International Business Development and International Sales. He is currently associated with Isuzu Motors as a General Manager, International Sales.
Slide 7: India - An Overview
India - An Overview 10.0 GDP Growth Forecast - 2018 (%) 8.0 7.3 6.6 6.0 4.0 2.9 2.2 2.3 2.0 0.0 Euro Area Mexico USA China India Source : IMF - Economic Outlook, July, 2018 Source : Ministry of Statistics & Prog. Implementation, Govt. of India FDI Equity Inflows (US $ millions) CV Sales ('000) 45000
Slide 8: Changing Trends
Changing Trends Old New 7
Slide 9: Total Commercial Vehicle Industry
Total Commercial Vehicle Industry (Nos. in ‘000) 1200 1000 953 873 788 823 800 208 710 702 296 271 160 265 600 118 201 135 100 120 100 113 400 547 522 200 450 401 410 432 0 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 12 ton & above 5 ton to 12 ton Upto 5 ton 8
Slide 10: Commercial Vehicle Industry
Commercial Vehicle Industry CV Industry (Domestic+Export) Apr-Jun'17 Apr-Jun'18 % change M&HCVs (above 7.5 ton) Passenger Carriers 11,767 12,251 4.1% Goods Carriers 45,568 87,975 93.1% Total M&HCVs - A 57,335 1,00,226 74.8% LCVs (upto 7.5 ton) Passenger Carriers 13,603 17,220 26.6% Goods Carriers 98
Slide 11: Major Milestones
Major Milestones 1983 Swaraj Vehicles Ltd. (SVL) incorporated 1984 Joint Venture and Technical Assistance Agreement between Punjab Tractors Ltd., Mazda Motor Corporation & Sumitomo Corporation concluded. SVL renamed Swaraj Mazda Limited (SML) 1985 Project setup with a capacity of 5,000 LCVs at capit
Slide 12: Major Milestones
Major Milestones 2000 Maiden Dividend @ 10% 2005 Sumitomo Corporation, Japan raised its equity holding in the Company to 41%. 2006 Technical Assistance Agreement with Isuzu Motors signed. 2008 Ultra Luxury Buses both on SML & Isuzu Platforms launched. 2009 Sumitomo raised its stake in the Company to
Slide 13: Major Milestones
Major Milestones 2014 S7 Bus 3940 WB (37+1 seater) & S7 Bus AC version launched Fuel Efficient & High Torque series launched (for all vehicles) Sartaj 5252 XM (5200 GVW) Truck Launched 2015 Sartaj 59XM (5900 GVW) Truck Launched Sales volume crossed 2 Lacs mark 2016 Executive Lx Coach (GVW-7 ton) & E
Slide 14: Equity & Dividend Record
Equity & Dividend Record Year Nature of Issue No. of Shares Price Per Current (Lacs) Share Price (9th Aug’ 18) 1985 Initial Public Offer (IPO) 105 Rs.10/- Rs. 890/- approx. 2010 Rights Issue 40 Rs. 200/- Rs. 890/- approx. Dividend Track Record 2002 Dividend – 25% 2011 Dividend – 80% 2003 Dividend –
Slide 15: Equity Shareholding Pattern as on 31st July, 2018
Equity Shareholding Pattern as on 31st July, 2018 Category No. of % age of Shares Shareholding held Sumitomo Corporation (Promoter) 6362306 43.96 Isuzu Motors Limited 2170747 15.00 Jupiter India Fund (National Westminster Bank - trustee) 480639 3.32 Sachin Bansal 250000 1.73 Aditya Birla Sunlife Tru
Slide 16: Market Potential
Market Potential Long term prospects of commercial vehicle industry are secular. Economic growth in the medium to long term would be driven by infrastructure investments in areas such as – roads, bridges, power generation, information technology, civil aviation, sea-ports, health, education etc. Thi
Slide 17: Growth outlook for truck and bus segments
• As per ICRA, the Government’s focus on infrastructure projects, higher demand from consumption driven sectors and from e-commerce logistic service providers, preference for hub-n-spoke model etc., are expected to drive volumes in truck segment. Based on these factors, M&HCV truck segment is likely
Slide 18: An Overview
An Overview • Wide Range of Products -- Both in Cargo (5 – 12 ton) and Passenger Categories (13 - 52 seats) • Installed Capacity -- 24000 Vehicles • Manpower Strength -- Regular - 1000 approx. -- Contract - 1100 approx. 17
Slide 19: Introduction of Global Series
Product Portfolio Introduction of “Global Series” Existing GS Series 18
Slide 20: Product Portfolio - Trucks
Product Portfolio - Trucks Cargo GVW(Kgs) LCVs – Sartaj GS 5252 XM - 4990/5200 – Sartaj GS 59 - 5900 – Sartaj GS HG72 - 7200 – Prestige GS - 6440 ICVs – Supreme GS - 7490/ 8000 – Super GS - 8720 – Samrat GS - 10250 – Super 12.0 XM - 11990 – Super 12.9 XM - 12900 19
Slide 21: Product Portfolio - Buses
Product Portfolio - Buses Buses School Buses -- Prestige School buses 17 to 52 seater -- S7 School buses 32 to 62 seater -- Ecomax LR School buses 13/14/19 Staff & Tourist/Site-seeing Buses -- S7 Staff buses 20 to 39 seater -- Ecomax buses 13/14 seater -- Executive Coach 13/14 -- Executive Lx Coach
Slide 22: Product Portfolio - Special Application Vehicles
Product Portfolio Special Application Vehicles -- Ambulance -- Water Tanker -- Tipper -- Delivery Van -- Dual Cabin -- 4-Wheel Drive Truck -- 4-Wheel Drive Ambulance -- Troops Carrier 21
Slide 23: Marketing Network
Marketing Network ZONAL OFFICES = 12 -- Ahmedabad -- Bangalore -- Bhopal -- Chennai -- Cochin -- Delhi -- Hubli -- Hyderabad -- Kolkata -- Lucknow -- Pune -- Mumbai SALES, DISTRIBUTION & SERVICE NETWORK -- 121 Dealers (including Export) -- 19 Authorized Service Centres -- 25 Spare Parts Distribu
Slide 24: Performance Indicators – Last Ten Years
Performance Indicators – Last Ten Years Rs. Crores 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 IGAAP IND AS Vehicles Sale - Passenger Carriers 6388 4860 5440 6417 6612 6310 6285 7803 6813 8012 6097 - Cargo Trucks 4884 3160 4693 6453 7034 5735 3475 3956 5887 7172 5258 - Total 11272 8020 10
Slide 25: Financial Results – First Quarter Ended Jun' 18 (Ind AS)
FINANCIAL RESULTS – FIRST QUARTER ENDED JUN’ 18 (Ind AS) (Rupees in Crores) Quarter ended Year ended 30.06.2018 31.03.2018 30.06.2017 31.03.2018 Unaudited Audited Unaudited Audited (Refer note 4) INCOME a) Revenue from operations 452.63 368.08 357.54 1,174.14 b) Other income 0.80 1.78 0.44 3.11 Tota
Slide 26: Financial Graphs
Financial Graphs Revenue (net) - Rs crores 1400 1360 1200 1000 1173 1138 1114 1042 1011 800 886 600 400 2012 2013 2014 2015 2016 2017 2018 Operating Profit - Rs crores 120 100 114 80 93 86 79 60 74 40 36 49 20 2012 2013 2014 2015 2016 2017 2018 25
Slide 27: Financial Graphs
Financial Graphs Profit Before Tax - Rs crores 100 80 84 60 68 65 40 49 49 20 18 0 10 2012 2013 2014 2015 2016 2017 2018 Earnings Per Share (EPS) - Rupees 50 40 43.5 30 35.4 28.9 20 25.2 25.5 10 12.0 0 5.9 2012 2013 2014 2015 2016 2017 2018 26
Slide 28: Balance Sheet Analysis – Last Ten years
Balance Sheet Analysis – Last Ten years Rs. Crores As at 31st MAR' 08 MAR' 09 MAR' 10 MAR' 11 MAR' 12 MAR' 13 MAR' 14 MAR' 15 MAR' 16 MAR' 17 SOURCES OF FUNDS SHAREHOLDER'S FUNDS SHARE CAPITAL 10.5 10.5 14.5 14.5 14.5 14.5 14.5 14.5 14.5 14.5 RESERVES & SURPLUS 83.1 86.0 175.2 198.3 226.7 249.6 261.
Slide 29: Ind-AS Balance Sheet
Ind-AS Balance Sheet Rs. Crores AS AT M AR' 18 M AR' 17 M AR' 16 SOURCES OF FUNDS SHAREHOLDER'S FUNDS SHARE CAPITAL 14.5 14.5 14.5 OTHER EQUITY 383.6 389.3 340.0 T OT AL 398.1 403.8 354.5 BORROW INGS - BANK BORROW INGS - ECB LOAN FOR CAPEX 140.2 33.5 - - SHORT TERM BORROW INGS 70.0 5.1 55.0 - FINANC
Slide 30: Thanks
Trucks & Buses www.smlisuzu.com
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