SML Mahindra Limited · NSE:SMLMAH
SML Mahindra — SML ISUZU — B&K's Annual Investor Conference 2016
29 slides from SML Mahindra's conference presentation, Jun 3, 2016
Slide 1: SML ISUZU Limited Company Presentation
SML ISUZU LIMITED Company Presentation B&K’s Annual Investor Conference 3rd June, 2016 (Mumbai)
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 44 years of rich experience in & Independen
Slide 4: Board of Directors
Board of Directors Sudhir Nayar A B.Tech from IIT Delhi and MBA from FMS, Delhi University. Mr. Nayar has Independent over 30 years of experience in Sales & Marketing functions. He has worked Director with many reputed giants such as Hindustan Lever Limited (HUL) and Tata Oil Mills Company (TOMCO)
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 33 years of experience in automotive busin
Slide 6: Board of Directors
Board of Directors Eiichi Seto A graduate in Law from Waseda University, Tokyo (Japan). Mr. Seto joined (Managing Sumitomo Corporation in 1982 and has several years of experience in the motor Director & CEO) vehicles department. In 1993, he was appointed as General Manager, Automotive Department i
Slide 7: India - An Overview
India-An Overview 10.0 GDP Growth Forecast - 2016 (%) Per Capita Income (Rs '000) 87 93 90 7.5 80 8.0 6.5 80 69 6.0 70 61 60 53 4.0 2.4 2.4 46 50 2.0 1.5 40 0.0 30 Euro Area Mexico USA China India FY 10 FY 11 FY 12 FY 13 FY 14 FY 15 FY 16 Source : IMF - Economic Outlook, April 2016 Source : Ministry
Slide 8: Changing Trends
Changing Trends Old New 7
Slide 9: Total Commercial Vehicle Industry
Total Commercial Vehicle Industry (Nos. in ‘000) 1000 902 873 900 800 759 787 291 208 710 702 700 576 278 160 266 600 118 201 127 500 100 207 100 113 400 109 300 117 547 484 450 200 372 401 408 100 252 0 FY 10 FY 11 FY 12 FY 13 FY 14 FY 15 FY 16 12 ton & above 5 ton to 12 ton Upto 5 ton As per ICRA,
Slide 10: 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 11: Major Milestones
Major Milestones 1994 Became financially sick – due sharp Rupee devaluation 1997 Financial health restored –3 years earlier than Rehabilitation Scheme. 2000 Maiden Dividend @ 10% 2005 Sumitomo Corporation, Japan raised its equity holding in the Company to 41%. 2006 Technical Assistance Agreement wit
Slide 12: Major Milestones
Major Milestones 2010 Rights Issue of 3,984,946 equity share of Rs. 10 each at a premium of Rs. 190 per share in the ratio of 11:50 raised Rs. 79.7 crores. 2011 Swaraj Mazda renamed as SML ISUZU LIMITED. 2012 Isuzu Motors raises its stake to 15%; Dividend raised to 80% on post-rights equity. S7 Bus
Slide 13: Equity & Dividend Record
Equity & Dividend Record Year Nature of Issue No. of Shares Price Per Current (Lacs) Share Price (31st May’ 16) 1985 Initial Public Offer (IPO) 105 Rs.10/- Rs. 985/- approx. 2010 Rights Issue 40 Rs. 200/- Rs. 985/- approx. Dividend Track Record 2001 Dividend – 15% 2009 Dividend – 15% 2002 Dividend –
Slide 14: Equity Shareholding Pattern as on 30th April, 2016
Equity Shareholding Pattern as on 30th April, 2016 Category No. of % age of Shares Shareholding held Sumitomo Corporation 6362306 43.96 Isuzu Motors Limited 2170747 15.00 Reliance Life Insurance Company Ltd. 201785 1.40 Axis Mutual Fund Trustee Limited 180000 1.25 Birla Sunlife Trustee Company Priva
Slide 15: The Journey
The Journey The Company was set up as Swaraj Mazda Limited (now SML ISUZU LTD). At that time, it represented the coming together of three powerful Corporate brands : Swaraj symbolising the best of Indian technology and engineering, Mazda symbolising R&D and innovation edge on a global scale and Su
Slide 16: Alliance with Isuzu
Alliance with Isuzu • has enabled SML to conceive and set up manufacturing systems and facilities matching global standards within a tight framework of capital outlays. • has enabled SML to launch medium & large size Isuzu buses. • has enabled SML to upgrade its existing R&D. • further boosts SML’s
Slide 17: 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 18: ICRA segment growth outlook for FY 2016-17
• As per ICRA, with overall recovery, new orders from SRTUs (under the JnNURM programme) and Govt.’s recent proposal of opening up the passenger transport sector to private players & higher allocation towards urban development projects and other initiatives such as Smart Cities etc., the bus segment
Slide 19: An Overview
An Overview • Wide Range of Products -- Both in Cargo (5 – 12 ton) and Passenger Categories (13 - 52 seats) • Installed Capacity -- 18000 Vehicles -- 4000 Bus Bodies • Manpower Strength -- Regular - 1000 approx. -- Contract - 1000 approx. 18
Slide 20: Product Portfolio
Product Portfolio Cargo GVW(Kgs) LCVs – Sartaj 5252 XM - 5200 – Sartaj 59 XM - 5900 – Sartaj HG 72 XM - 7200 – Prestige XM - 6440 M&HCVs – Supreme XM - 8000 – Super XM - 8720 – Samrat XM - 10250 – Super 12.0 XM - 11990 – Super 12.9 XM - 12900 19
Slide 21: Product Portfolio
Product Portfolio Buses SML Platform -- Standard buses 18 to 52 seater (AC/Non-AC) -- Executive Coach 13 seater Delux AC Isuzu Platform -- LT 134 Ultra Luxury 45 seater (AC) -- FR1318 Luxury 40 seater (AC) 20
Slide 22: Product Portfolio
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 -- 127 Dealers (including Export) -- 19 Authorized Service Centres -- 18 Spare Parts Distribu
Slide 24: Performance Indicators – Last Ten Years
Performance Indicators – Last Ten Years Rs. Crores 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Vehicles Sale - Passenger Carriers 5714 6388 4860 5440 6417 6612 6310 6285 7803 6814 - Cargo Trucks 5127 4884 3160 4693 6453 7034 5735 3475 3956 5886 - Total 10841 11272 8020 10133 12870 13646 12045
Slide 25: Audited Financial Results for the Year Ended Mar' 16
AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED MAR’ 16 Rs. Crores Quarter Ended Year ended Particulars Audited Unaudited Audited Audited 31.03.2016 31.12.2015 31.03.2015 31.03.2016 31.03.2015 INCOME FROM OPERATIONS a) Net sales/income from operations (net of excise duty) 316.07 192.79 319.54 1157.16 1
Slide 26: Financial Graphs
Financial Graphs Revenue (net) - Rs crores 1400 1200 1000 1173 1114 800 1042 1011 913 886 600 400 200 0 2011 2012 2013 2014 2015 2016 Operating Profit - Rs crores 100 80 93 86 60 79 71 74 40 36 20 0 2011 2012 2013 2014 2015 2016 25
Slide 27: Financial Graphs
Financial Graphs Profit Before Tax - Rs crores 70 60 65 68 50 40 51 49 49 30 20 10 18 0 2011 2012 2013 2014 2015 2016 Earnings Per Share (EPS) - Rupees 40 35 30 35.4 25 28.9 20 25.3 25.5 25.2 15 10 5 12.0 0 2011 2012 2013 2014 2015 2016 26
Slide 28: Balance Sheet Analysis – Last Ten Years
Balance Sheet Analysis – Last Ten years Rs. Crores As at 31st MAR' 07 MAR' 08 MAR' 09 MAR' 10 MAR' 11 MAR' 12 MAR' 13 MAR' 14 MAR' 15 MAR' 16 SOURCES OF FUNDS SHAREHOLDER'S FUNDS SHARE CAPITAL 10.5 10.5 10.5 14.5 14.5 14.5 14.5 14.5 14.5 14.5 RESERVES & SURPLUS 65.2 83.1 86.0 175.2 198.3 226.7 249.6
Slide 29: Thanks
Trucks & Buses P www.smlisuzu.com