Lumax Industries Limited · NSE:LUMAXIND
Lumax Industries — Investor Presentation (November 2017)
55 slides from Lumax Industries's investor presentation, November 2017
Slide 1: Lumax Industries Limited Investor Presentation – November 2017
Lumax Industries Limited Investor Presentation – November 2017
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Lumax Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secu
Slide 3: DK Jain Group
DK Jain Group Seven Decade 27 Strong Manufacturing Facilities Leader in 3 R&D Centres Automotive (India) Lighting & Gear Shifters & 1 Design Centre (Taiwan) 14 Entities in 8 Over 8,000 States Employees 3
Slide 4: Two Listed Entities
Two Listed Entities Lumax Industries Limited Group Revenue Break Up (%) Products & Services FY 17 Revenue of Rs. 2,500 Cr End-to-end Automotive Lighting Solutions Partnerships • Stanley – Japan 41 7 • SL Corporation - Korea Lumax Auto Technologies Limited Products & Services Intake Systems, Integrat
Slide 5: Vision, Mission, Purpose
Vision, Mission, Purpose To be a Sustainable, Respected & Profitable Brand with a Global Presence, that continues to enhance stakeholder value & exceed customer expectations as the preferred supplier To be a Lean, Profitable, Diversified & Learning Organization that is highly responsive, energetic &
Slide 6: Diversified Product Range – 4-wheelers & CV
Diversified Product Range – 4-wheelers & CV Telematics Products and Services Destination Boards for Commercial Vehicle 6
Slide 7: Diversified Product Range – 2-wheelers
Diversified Product Range – 2-wheelers 7
Slide 8: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence Japan Korea Italy Japan JV for Lighting and other JV for Gear Shifters JV for Lighting JV for Emission Systems automotive parts Relationship Since 1984 Relationship Since 1997 Relationship Since 2007 Relationship Since 2008 37.5% in Lumax Industries 78.72
Slide 9: 27 Locations close to Customers
27 Locations close to Customers State Mfg Locations # Haryana Bawal 1 Dharuhera 1 Gurugram 2 Manesar 3 Maharashtra Pune 8 Waluj 2 Karnataka Bengaluru 2 Gujarat Sanand 1 Facilities Location Mehsana 1 Gurugram, Manesar, R&D Centre Tamil Nadu Sriperumbudur 1 Pune Design Centre Taiwan Uttarakhand Haridw
Slide 10: Enhanced 360° Customer View
Enhanced 360°Customer View Understand the Customer • A real understanding of varying customer needs & the capability to deliver outstanding results Environmental Conscious Experienced Team • Environment-conscious work practices • Highly Qualified & Experienced workforce of dedicated professionals Re
Slide 11: Relationships with Diversified Customers
Relationships with Diversified Customers Two Wheeler Four Wheeler Commercial Vehicle 11
Slide 12: Relationships with Diversified Customers…
Relationships with Diversified Customers… Tractor/FES Export Defence & Aero Space … Strong After Market Exports Presence 12
Slide 13: Lumax Industries Limited – Leadership in Automotive Lighting
Lumax Industries Limited Leadership in Automotive Lighting 13
Slide 14: Milestones
Milestones 1985: Setup a manufacturing unit in 1981: Lumax Gurugram, Haryana. Industries Pvt Limited The company went 1945: Founded a established after partnership firm public & is listed on taking over the stock exchange 1997-98 ‘Globe Auto partnership firm Industries’ as a Globe Auto Industries Tr
Slide 15: Milestones
Milestones …2005 -2017 a period of strategic expansion 2010: Setup a manufacturing plant in Haridwar, Uttarakhand 2007: Further Equity participation by 2011: Setup Stanley, Japan manufacturing plants in Bawal, Haryana; 2008: Setup 2017 Sanand, Gujarat & manufacturing plant in Bidadi, Karnataka. Also
Slide 16: Competitive Advantages
Competitive Advantages Market Leaders Leadership in Lighting Partnerships With more than 3 decades of Product Portfolio partnership with Stanley, Japan, the One of the few players with only global auto lighting company to largest range of lighting manufacture LED worldwide, having solutions presence
Slide 17: Product & Segment Mix
Product & Segment Mix Product wise Sales H1 FY18 (Rs. 720 Crores) Segment Wise Sales H1 FY18 (Rs. 720 Crores) 11% 28% 20% 4% 69% 68% Front Lighting Rear Lighting Others Passenger Vehicles Commercial vehicles 2-Wheelers Front Lighting – Head Lamp & Fog Lamp Rear Lighting –Tail Lamp & High Mount Stop
Slide 18: Customer Mix
Customer Mix Customer wise sales FY17 (Rs. 1,271 Crores) Customer wise sales H1 FY18 (Rs. 720 Crores) Others MSIL Others MSIL 21% 35% 20% 32% TATA TATA 7% 6% HML HML 9% 10% M&M M&M 11% 11% HCIL HMSI HCIL HMSI 9% 11% 9% 9% 18
Slide 19: SL Lumax Limited
SL Lumax Limited Sales Breakup SL Lumax Limited FY17 – Rs. 956 Crores Associate Company with 21.28% holding 27% Plant in Sriperumbudur (Chennai) In partnership with SL Corporation, Korea, a multinational automotive player with presence in Asia-Pacific, Europe & US 73% Lamps Others Products Lamps Key
Slide 20: Strong Customer Base …
Strong Customer Base … Four Wheeler Two Wheeler Commercial Vehicle Export Tractor /FES … Servicing almost 90% of OE Customers in India … 20
Slide 21: … From Strategic Locations …
… From Strategic Locations … Pantnagar Dharuhera Bawal Haridwar Gurugram Chakan Sanand Chinchwad SL Lumax Ltd Bengaluru Chennai R&D Centre & Design Centre Gurugram R&D Centre Pune Design Taiwan … in Key Auto Belts of India Centre Map not to scale. All data, information and maps are provided “as is”
Slide 22: State of Art Manufacturing Facilities
State of Art Manufacturing Facilities 22
Slide 23: State of Art Manufacturing Facilities
State of Art Manufacturing Facilities 23
Slide 24: State of Art Manufacturing Facilities
State of Art Manufacturing Facilities 24
Slide 25: …In-house R&D & Validation Facility
…In-house R&D & Validation Facility 25
Slide 26: …In-house Design Studio
.. In-house Design Studio LUMAX 26
Slide 27: Share Holding as of 30th September, 2017
Share Holding as of 30th September, 2017 Shareholding breakup Stanley Electric Company Ltd Over three decades of strong technical & financial collaboration with Stanley Electric Company Ltd, Japan Others 26.5% DKJ FMLY 36.0% A world leader in Vehicle Lighting & Illumination products for Automobiles
Slide 28: Promoter Group
Promoter Group Mr. Dhanesh Kumar Jain Mr. Deepak Jain Mr. Anmol Jain Chairman Managing Director Jt. Managing Director ▪ He is 74 years of age & holds a MBA ▪ He is 43 years of age & is a Business ▪ He is 38 years of age & holds degree from Delhi university & has Graduate from Illinois Institute of B
Slide 29: Promoter Group
Promoter Group Mr. Eiichi Hirooka Mr. Koji Swada Mr. Toru Tanabe Senior Executive Director Executive Director Non-Executive Director ▪ He is 59 year old & is a ▪ He is 54 years old & ▪ He is 58 years old & is a Masters in Business graduated from Osaka graduate from Hosei Administration (Finance) Ins
Slide 30: Supported by Strong Independent Directors
…Supported by Strong Independent Directors Ms. Pallavi Mr. A P Gandhi Mr. Rajeev Kapoor Mr. M.C. Gupta Mr. Dhiraj Dhar Gupta Mr. Ratan Kapur Dinodia Gupta • He is 79 years old & is a • He is 65 years old and • He is 79 years old and is • He is 67 years old and • He is 60 years old & is • She is 37 y
Slide 31: Professional & Experienced Team
Professional & Experienced Team Mr. Vineet Sahni Mr. Naval Khanna Mr. Sanjay Mehta Mr. Shrutikant Rustagi Chief Executive Officer Corporate Head – Taxation Group – Chief Financial Officer Chief Financial Officer Age: 52 Years Age: 59 years Age: 50 years Age: 47 Years Experience: 30 Years Experience:
Slide 32: The Path Ahead
LUMAX The Path Ahead Oa 32
Slide 33: Head Lamp – Technology Evolution
Head Lamp – Technology Evolution Head Lamp with Bulb Projector Head Lamp All LED Head Lamp Head Lamp with bulb + Led Head Lamp with LED Projector DRL and LED DRL 2011-13 2014-15 2016-17 2017-18 • Head Lamps with Halogen Bulbs • Introduction of Projector Lamps • Almost all the models were • The futur
Slide 34: Rear Lamp – Technology Evolution
Rear Lamp – Technology Evolution Split type Tail Lamp Tail Lamp with LED All LED Tail Lamp 3D Led Tail lamp Adaptive rear Lighting Signature and Tail function 2013-mid of End of 2014 - 2011-12 2016 2017 onwards 2014 2015 • Tail lamps were • New Styling • Penetration of • Almost all the new • All the
Slide 35: Leveraging on our Strengths for LED Market
Leveraging on our Strengths for LED Market The Market Scenario Increased styling demands Creating revenue Influencing the cost of by OEMs to individualise & opportunities for Tier I lighting cluster differentiate suppliers Partnership with Stanley Electric - Stanley is one of the Auto Lighting compa
Slide 36: Financials
LUMAX Financials | 36
Slide 37: Expansion funded through Internal Accruals
Expansion funded through Internal Accruals Gross Block Long Term Loan 805 818 138.0 760 713 649 661 103.0 68.0 36.0 13.0 7.3 FY13 FY14 FY15 FY16 FY17* H1FY18* FY13 FY14 FY15 FY16 FY17* H1FY18* Capex Reducing Long Term Debt / Equity 87.0 0.88 66.0 0.69 52.0 52.0 0.45 21.0 0.21 13.0 0.05 0.03 FY13 FY1
Slide 38: Revenue & Healthy Margins
Revenue & Healthy Margins Revenue EBITDA 5.71% +191 Bps 7.62% +4% 1,255 1,271 1,117 1,143 +13% 100.3 1,070 88.6 720 61.1 59.3 51.1 54.9 FY13 FY14 FY15 FY16 FY17* H1FY18* FY13 FY14 FY15 FY16 FY17* H1FY18* PAT Cash PAT 1.30% +252 Bps 3.82% +18% 87.5 46.1 75.3 +36% 37.4 52.7 50.3 27.5 45.2 44.3 13.6 16
Slide 39: Healthy Return Ratios
Healthy Return Ratios ROE (%) ROCE (%) 21.0 29.0 18.3 18.0 25.6 26.0 9.2 12.6 13.2 8.0 8.6 4.4 FY13 FY14 FY15 FY16 FY17* H1FY18* FY13 FY14 FY15 FY16 FY17* H1FY18* Dividend (% of Face Value) EPS (in Rs.) 145.0 49.3 120.0 40.0 29.4 55.0 17.7 45.0 14.5 35.0 8.2 FY13 FY14 FY15 FY16 FY17* FY13 FY14 FY15
Slide 40: Consolidated Performance
Consolidated Performance PAT* EPS (in Rs.) 35.9 38.4 29.8 31.9 27.5 29.4 22.0 23.5 H1FY17 H1FY17 H1FY18 H1FY18 H1FY17 H1FY17 H1FY18 H1FY18 Standalone Consolidated Standalone Consolidated Standalone Consolidated Standalone Consolidated Net Worth* ROE (%) 309.1 328.1 20.8 21.0 22.0 19.0 247.5 258.1 H1
Slide 41: YTD Highlights - Consolidated
YTD Highlights - Consolidated Revenue * EBIDTA * PAT * +25% +18% +22% 380 30 21 304 26 17 Q2FY17 Q2FY18 Q2FY17 Q2FY18 Q2FY17 Q2FY18 Revenue * EBIDTA * PAT * +20% +12% +20% 720 55 36 600 49 30 H1FY17 H1FY18 H1FY17 H1FY18 H1FY17 H1FY18 *Rs. Crores # Numbers updated as per IND-AS 41
Slide 42: Consolidated P&L Statement
Consolidated P&L Statement Particulars (Rs. in Crores.) Q2FY18 Q2FY17 Y-o-Y H1FY18 H1FY17 Y-o-Y FY17 Total Revenue (Net of Excise duty) 379.65 304.20 24.8% 720.07 599.66 20.1% 1,270.92 Raw Material 245.82 188.78 468.96 374.20 817.82 45.23 40.21 88.59 78.30 159.85 Employee Expenses Other Expenses 58.
Slide 43: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (Rs. in Crores.) Sep-17 Mar-17 Particulars (Rs. in Crores.) Sep-17 Mar-17 Shareholder’s Fund 328.13 309.12 Non-current Assets 590.67 530.90 Share Capital 9.35 9.35 Fixed Assets 494.57 439.05 Reserves & Surplus 318.78 299.77 Long-term Loans and Advances 2.62 2.3
Slide 44: Awards & Recognitions
LUMAX Awards & Recognitions TN 44
Slide 45: Plant Inauguration
Plant Inauguration Gujarat Plant Inauguration on 2nd November 2017 by Mr K Ayukawa, Managing Director, MSIL and Mr N Aizawa, Managing Director, SMG 45
Slide 46: Awards & Recognition
Awards & Recognition ICQC Phillipines – Gold Award- Received on 26th October 2017 by both Bawal and Haridwar plant teams 46
Slide 47: Awards & Recognition
Awards & Recognition Award received for Quality Improvements from Maruti Suzuki on 8th May 2017 47
Slide 48: Awards & Recognition
Awards & Recognition Overseas Supplier Association-‘Special Recognition Award’ from Toyota Motor Corporation, award being given by Mr. Takeshi Uchiyamada, Chairman, Toyota Motor Corporation 48
Slide 49: Awards & Recognition
Awards & Recognition Supplier Business Capability Building Award from Mahindra & Mahindra, being given by Mr. Hemant Sikka, Chief Purchasing Officer, in presence of Mr. Lalit Verma, Sr. VP CDMM & Mr. Rajnish Vashisht, VP CDMM, Mahindra & Mahindra Best Supplier Award from TAFE September 2016, being g
Slide 50: Awards & Recognition
Awards & Recognition ACMA Award 2016 –Bronze -Excellence in Technology -Large Category, being given by Mr. Anant Geete, Hon’ble Union Minister for Heavy Industries & Public Enterprises in presence of Heavy Industries and Public Enterprises, in presence of Mr. Guenter Butschek , Chief Executive & Man
Slide 51: TPM Award
TPM Award JIPM-TPM EXCELLENCE AWARD PANTNAGAR PLANT, MARCH 2014 51
Slide 52: Future Ready: New Design Centre in Taiwan
Future Ready: New Design Centre in Taiwan Mr. C K Tao, Director, TAITRA-Taiwan Office, Mr. David Ho, Ex-President, TYC Group, Taiwan, along with Mr. D K Jain, Chairman and Mr. Vineet Sahni, CEO, Lumax Industries Limited 52
Slide 53: Celebrated 25 years of Listing
Celebrated 25 years of Listing • Special bell ringing ceremony to celebrate 25 years of Listing on BSE on 28th November’2014 • Attended by Mr. DK Jain, Chairman, Lumax Industries Limited & Mr. T Kitano, President Stanley, Japan at BSE, Mumbai 53
Slide 54: CSR Initiatives
CSR Initiatives Towards its endeavour to give back to society, the group has taken various initiatives Health towards Education of the Education underprivileged. Four schools in the NCR region, close to its facilities have been adopted, starting with improving its infrastructure, to facilitating the
Slide 55: For further information, please contact:
For further information, please contact: Company : Investor Relations Advisors : Lumax Industries Limited Strategic Growth Advisors Pvt. Limited CIN: L74899DL1981PLC012804 CIN: U74140MH2010PTC204285 Ms. Priyanka Sharma Mr. Rahul Agarwal / Mr. Shrikant Sangani [email protected] rahul.agar
Lumax Industries — Investor Presentation (November 2017) on 6ix