SML Mahindra Limited · NSE:SMLMAH
SML Mahindra — SML ISUZU — B & K Investor Conference 2018
30 slides from SML Mahindra's conference presentation, Jun 4, 2018
Slide 1: SML ISUZU Limited Company Presentation
SML ISUZU LIMITED Company Presentation B & K Investor Conference 4th June, 2018 (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 47 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 over Independent 31 years of rich experience in Sales & Marketing functions. He has worked with Director many reputed organizations such as Hindustan Lever Limited (HUL) and Tata Oil Mills Com
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 T. Imai A graduate in Engineering from Kyushu University (Japan). He joined Isuzu Motors Limited in 1997 and his last position in the Isuzu Motors was Manager-CV Chassis Engineering. He has experience of around 19 years with Isuzu in the area of Automobile Engineering. Eiichi Se
Slide 7: India - An Overview
India - An Overview 10.0 GDP Growth Forecast - 2018 (%) 8.0 7.4 6.6 6.0 4.0 2.9 2.4 2.3 2.0 0.0 Euro Area Mexico USA China India Source : Ministry of Statistics & Prog. Implementation, Govt. of India Source : IMF - Economic Outlook, April, 2018 FDI Equity Inflows (Rs billions) CV Sales ('000) 2404 1
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-17 Apr-18 % change M&HCVs (above 7.5 ton) Passenger Carriers 3,198 3,178 -0.6% Goods Carriers 9,644 28,176 192.2% Total M&HCVs - A 12,842 31,354 144.2% LCVs (upto 7.5 ton) Passenger Carriers 3,540 4,564 28.9% Goods Carriers 29,164 43,249
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 (31st May’ 18) 1985 Initial Public Offer (IPO) 105 Rs.10/- Rs. 790/- approx. 2010 Rights Issue 40 Rs. 200/- Rs. 790/- approx. Dividend Track Record 2002 Dividend – 25% 2011 Dividend – 80% 2003 Dividend –
Slide 15: Equity Shareholding Pattern as on 25th May, 2018
Equity Shareholding Pattern as on 25th May, 2018 Category No. of % age of Shares Shareholding held Sumitomo Corporation (Promoter) 6362306 43.96 Isuzu Motors Limited 2170747 15.00 National Westminster Bank PLC 480639 3.32 Sachin Bansal 298499 2.06 Aditya Birla Sunlife Trustee Private Ltd. 144887 1.0
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: Segment growth outlook per ICRA
• 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 -- 18000 Vehicles -- 4000 Bus Bodies • 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
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 – Fourth Quarter and Year Ended Mar' 18
FINANCIAL RESULTS – FOURTH QUARTER AND YEAR ENDED MAR’ 18 (Ind AS) (Rs. Crores) Quarter Ended Year ended 31.03.2018 31.12.2017 31.03.2017 31.03.2018 31.03.2017 Audited Unaudited Audited Audited INCOME a) Revenue from operations 368.08 221.45 409.59 1,174.14 1,516.19 b) Other income 1.78 0.66 0.09 3.
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 P www.smlisuzu.com