Greaves Cotton Limited · NSE:GREAVESCOT
Greaves Cotton — Q2 FY2023 Earnings Presentation
19 slides from Greaves Cotton's earnings presentation, Nov 14, 2022
Slide 1: People. Phygital. Progress.
PEOPLE. PHYGITAL. PROGRESS. Q2 and H1 FY2023 Earnings Presentation (14th November 2022) POWERTRAIN RETAIL ELECTRIC MOBILITY FINANCE
Slide 2: Q2 FY23 highlights
Q2 FY23 highlights Greaves Electric Mobility recorded highest ever quarterly sales of 33K units • Greaves Electric Mobility (GEM) recorded highest ever Revenue EBITDA PAT quarterly revenue of INR 318 crores and EBITDA of INR 8 Rs. 699 Cr Rs. 43Cr Rs. 32 Cr crores +87% y-o-y Margin: 6.1% Margin: 4.6%
Slide 3: Management commentary
Management commentary Nagesh Basavanhalli Last mile mobility segment is recovering, and Executive Vice Chairman reaching pre-covid levels, with increasing penetration of EVs E-mobility business recorded highest ever We are happy to announce the growth across sales of 33K units; H1 FY23 volume wa
Slide 4: Corporate structure for accelerated growth
Corporate structure for accelerated growth POWERTRAIN MOBILITY 3- Last Other 2- Wheeler Mile Application Wheelers s Mobility s RETAIL & SERVICES Multi-Brand Multi-Brand service retail format format Q2 and H1 FY23 INVESTOR’S PRESENTATION 4 Note: Financials and volumes as of Q2 FY23
Slide 5: Financial results reflects success of Greaves' diversification strategy
Financial results reflects success of Greaves’ diversification strategy Consistent growth riding on strong brand traction and improved efficiency 660 699 621 513 486 330 374 281 318 23 237 229 181 42 90 452 495 490 15 302 379 374 374 288 214 284 Q2FY18 Q2FY19 Q2FY20 Q2FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY2
Slide 6: Diversified portfolio of powertrain products
Diversified portfolio of powertrain products Auto Applications Non-Auto Applications • R& D powerhouse with proven success in • Conformity to stringent safety standards UL, diesel and CNG engines, & now rapidly FM, TAC and NFPA 20 norms building expertise in electric powertrain • Catering to diversi
Slide 7: Greaves Retail Solutions – leading player in auto spares, service & retailing of electric vehicles
Greaves Retail Solutions – leading player in auto spares, service & retailing of electric vehicles Online to Offline A complete phygital experience for Quick Service Genuine Spares shopping today’s new age customer experience 6 Months Multi-brand Retail Multiple brand options to choose from in Quali
Slide 8: Key Business Enablers: developing expertise across ecosystem
Key Business Enablers: developing expertise across ecosystem • Tech-enabled financing for electric vehicles with deep • Aspires to be a technology convergence catalyser for understanding of asset risk the company’s products, looping back cutting-edge technology and solutions from around the world •
Slide 9: Making India a global EV destination
Making India a global EV destination Rolled out more than 90k E2W from its production facility in Ranipet. The facility was inaugurated in November 2021 The Capital Infusion from Abdul Latif Jameel Group will further boost the capex projects With a capacity of 240,000 units p.a. Ranipet plant is wel
Slide 10: AIS 156 – GEMPL implementation plan
AIS 156 – GEMPL implementation plan The new EV battery safety norms being brought into effect in two phases. Phase 1 will begin on 1 December 2022, and Phase 2 will come into effect on 31 March 2023 • The Ministry of Road Transport and Highways (MoRTH) had announced safety measures in the battery sa
Slide 11: Greaves Electric Mobility: new product launches
Greaves Electric Mobility : new product launches Continuous improvement in vehicle platforms components, product engineering, features & connectivity 2W 3W Next COMIN Next COMIN ePro 1.0 Next Gen – Primus GPre 18-24 Zeal New model 18-24 G In ePro 2.0 L5N Auto Expo Auto (B2C) Auto Expo Production Aut
Slide 12: Financial performance
Financial performance Greaves Consolidated Result Q2 FY23 Segment Revenues (INR Cr.) 1% Revenue EBITDA PAT 699 Powertrain 34% 374 Aftermarket 46% E-mobility 43 Others 32 (10) (23) 19% Q2 FY22 Q2 FY23 Greaves Standalone Result Q2 FY22 Segment Revenues Revenue EBITDA PAT 374 24% 284 Powertrain Afterma
Slide 13: Financial snapshot
Financial snapshot Particulars (Consolidated) Q2 Growth (%) Q1 Growth (%) H1 Growth (%) (Rs. Cr.) FY23 FY22 Y-o-Y FY23 Q-o-Q FY23 FY22 Y-o-Y Income from Operations 699 374 87% 660 6% 1,359 602 126% RMC (%) 73.3% 74.5% 73.8% 73.5% 73.3% Employee Cost 50 41 46 96 83 Other Expenses 94 64 88 183 105 EBI
Slide 14: Segment volume
Segment volume Growth Growth Growth Q2 Q1 H1 Volumes (Units) (%) (%) (%) FY23 FY22 Y-o-Y FY23 Q-o-Q FY23 FY22 Y-o-Y Auto Engines 16,207 8,667 87% 16,112 1% 32,319 18,093 79% Non-Auto 9,563 11,032 (13%) 10,110 (5%) 19,673 20,479 (4%) Engines Engines 25,770 19,699 31% 26,222 (2%) 51,992 38,572 35% Non
Slide 15: Balance sheet and cash flow trend
Balance sheet and cash flow trend (Rs. Cr.) Sep-21 Mar-22 Sep-22 Working Capital 186 Cash & Cash Equivalent 279 438 1,336 117 Short Term Debt 11 64 18 42 27 Long Term Debt 4 169 50 Mar -21 Sep-21 Mar -22 Sep-22 Total Debt 14 233 68 Net Cash 265 205 1,268 • Increase in working capital due to higher s
Slide 16: In summary - driving growth momentum
In summary - driving growth momentum Highest Introducing technology enabled and Consolidated revenue at INR 699 crores R&D ever energy in Q2FY23, H1FY23 revenues at INR 1359 focus quarterly efficient products, with a greater focus on Crores, 135% of pre Covid period (i.e. revenues the H1FY20) batter
Slide 17: Awards and recognition
Awards and recognition Manufacturi Social Great Place Automotive ng and Impact to Work- Hall of Promising Quality Award 2021 Second year Fame Nov Brands Excellence by ACEF in a row 2021 by ET 2021 by ET 2021 by Asian Polymers Quantic Leaders Q2 and H1 FY23 INVESTOR’S PRESENTATION 17
Slide 18: Disclaimer
Disclaimer This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Greaves Cotton (“Greaves” or the Company) future business developments an
Slide 19: Thank You
SOUND FUNDAMENTALS| STABLE CASHFLOW | AGILE STRUCTURE GROWING BRANDS | GROWING RETAIL FOOTPRINT | GROWING CUSTOMER BASE MOBILITY SOLUTIONS | MOVING PEOPLE | MOVING CARGO THANK YOU REGISTERED OFFICE For further information, please contact Jaylaxmi Kumar Anvita Raghuram / Bhushan Greaves Cotton Limite