Lumax Auto Technologies Limited · NSE:LUMAXTECH
Lumax Auto Technologies — Investor Presentation (September 2017)
48 slides from Lumax Auto Technologies's investor presentation, September 2017
Slide 1: Lumax Auto Technologies Limited
Lumax Auto Technologies Limited Electrical Body + Trim Metallic Polymer Paint Emission Investor Presentation – September 2017
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Lumax Auto Technologies Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for a
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 Auto Technologies Limited Group Revenue Break Up (%) Products & Services FY 17 Revenue of Rs. 2,500 Cr Intake Systems, Integrated Plastic modules, 2-wheeler Chassis & Lighting, Gear Shifters, Seat Structures & Mechanisms, LED Lighting, Aerospace & Defence Engineering Servic
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: Driving Growth through Diversified Products
Lumax Auto Technologies Limited Driving Growth through Diversified Products 13
Slide 14: Competitive Strengths
Competitive Strengths Award Lumax Brand Awarded with Renowned LUMAX Prestigious JIPM Award Brand Auditors Customer Outreach Statutory Auditors - S. R. Strong OEM presence Batliboi & Co. LLP. & Over 300 Channel Partners Internal Audit by PwC Products & Services R&D Centre Intake Systems, Integrated P
Slide 15: Milestones
Milestones 2002: Setup the Plant at Chakan, Maharashtra to manufacture 2-wheeler Lighting 2012-17 2006: Lumax DK Auto Industries Limited became a 100% subsidiary. Name of 2012: Setup the first Robotic Motorcycle 1997: A Unit was setup in the company was changed Chassis plant in Waluj, Maharashtra. W
Slide 16: Well defined Corporate Structure
Well defined Corporate Structure Lumax Auto Technologies Limited 100% 50% 50% 55% 100% 100% (2006) Lumax Mannoh Lumax Lumax Cornaglia Lumax Gill-Austem Lumax DK Auto Allied Management Lumax Integrated Auto Technologies Auto Technologies Industries Limited Technologies Services Pvt Ventures Limited P
Slide 17: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence USA Italy Japan Korea Italy JV for Seat Frames, JV for Integrated Logistic JV for Emission Systems JV for Gear Shifters Structures and Support Engineering Mechanism Relationship Since 2007 Relationship Since 2008 Relationship since 2013 Relationship since
Slide 18: Cater to Diversified Segments
Cater to Diversified Segments ✓ Lighting Module(incl. ✓ Gear Shift Lever ✓ Integrated Plastic HT/TL/Indicators & Put Text Here Your Text Here Modules Others) ✓ Intake Systems ✓ Gear Shift Lever ✓ Chassis for 2-wheelers ✓ Seat Frames & Mechanism ✓ Seat Frames & ✓ Integrated Plastic Mechanism Modules
Slide 19: Key Customer Relationships
Key Customer Relationships Four Wheeler Commercial Vehicle Two Wheeler Export 19
Slide 20: Strategic Locations Close to Customers
Strategic Locations Close to Customers Manesar (HR) Pantnagar (UK) No of Plants: 3 No of Plants: 1 SMT,LED Lighting Integrated Plastic Products Products Painted Parts Modules Gear Shifters Domestic Trading Gurugram (HR) Domestic and Exports Trading - After Markets Chakan & Bhosari ( (MH) Mehsana (GJ
Slide 21: Share Holding as of 30th June, 2017
Share Holding as of 30th June, 2017 Shareholding breakup Others 24.0% Promoters Instituions 55.6% 20.4% 21
Slide 22: Experienced Promoters
Experienced Promoters Photographs Photographs needed needed Mr. Dhanesh Kumar Jain Mr. Anmol Jain Mr. Deepak Jain Mrs. Usha Jain Chairman Managing Director Director Director ▪ He is 74 years of age & holds a MBA ▪ He is 37 years of age & holds ▪ He is 41 years of age & is a Business ▪ She is 69 year
Slide 23: Supported by Strong Independent Directors
Supported by Strong Independent Directors Mr. Sandeep Dinodia • He is 54 years of age & is a B.Com, LLB, FCA • He is a practicing Chartered Accountant & designated Partner in SR Dinodia & Co. LLP. He has over 25 years of rich experience in the Mr. Dhiraj Dhar Gupta fields of Assurance, Regulatory &
Slide 24: Professional & Experienced Team
Professional & Experienced Team Mr. Naval Khanna Mr. Sanjay Mehta Mr. Ashish Dubey Mr. B S Bhadauriya Ms. Swapnal Patane Corporate Head – Taxation Group – Chief Financial Officer Chief Financial Officer Group – Company Secretary Company Secretary Age: 59 years Age: 49 years Age: 50 Years Age: 52 Yea
Slide 25: Professional & Experienced Team
Professional & Experienced Team Mr. Sanjay Bhagat Mr. Rajesh Dubbewar Mr. Vivek Jakhmola Head After Market Head Metallic Head Body & Trim Age: 51 years Age: 50 years Age: 41 years Experience: 27 years Experience: 30 years Experience: 20 years Mr. Gautam Desai Mr. Girish Diwan Head Emission Head Luma
Slide 26: Clear focus on Improving Performance
Clear focus on Improving Performance 1 Achieve Leadership in India & Set Sight on the Global Market The Only Gear Shifter Manufacturer in India to have Localised R&D Capability and 2 Gearing to Access the Global Markets Air Intake Systems – Increase Presence in Domestic Market & Enhance Customer 3 O
Slide 27: Financial Performance
Financial Performance 27
Slide 28: Product-wise Revenue FY17 & Q1FY18
Product-wise Revenue FY17 & Q1FY18 Product-wise Revenue mix FY17 (%) Product-wise Revenue mix Q1FY18 (%) Gear Intake Moulded Gear Intake Moulded Shifter & Systems Parts Shifter & Systems Parts Parking 4% 14% Parking 5% 18% Brakes Brakes 11% 13% Chasis & Frames 8% After Chasis & Market Frames 19% 6%
Slide 29: Segmental Revenue Break-Up Q1FY18
Segmental Revenue Break-Up Q1FY18 Sales Channel (%) Category (%) 14 9 47 14 30 86 OEM After Market 2/3 Wheeler Passenger Car After Market Others 29
Slide 30: Expansion funded through Internal Accruals
Expansion funded through Internal Accruals Gross Block* Long Term Loan* 371 51.6 332 294 306 40.2 211 27.2 28.1 127 18.0 2.4 FY12 FY13 FY14 FY15 FY16 FY17 FY12 FY13 FY14 FY15 FY16 FY17 Capex* Long Term Debt / Equity 91 0.23 84 0.16 0.13 36 0.10 31 0.06 15 13 0.01 FY12 FY13 FY14 FY15 FY16 FY17 FY12 F
Slide 31: Revenue & Return Ratios
Revenue & Return Ratios Revenue * EBITDA * 1,012 837 905 67.1 66.8 68.4 70.5 750 766 763 64.4 60.4 FY12 FY13 FY14 FY15 FY16 FY17 FY12 FY13 FY14 FY15 FY16 FY17 PAT * Cash PAT * 59.0 58.1 50.7 52.0 52.6 47.8 48.4 41.1 31.8 34.1 30.2 29.0 FY12 FY13 FY14 FY15 FY16 FY17 FY12 FY13 FY14 FY15 FY16 FY17 Cons
Slide 32: Return Ratios
Return Ratios ROE (%) ROCE (%) 27.8 33.2 25.3 19.4 17.6 18.0 18.3 18.5 13.4 11.2 11.2 10.8 FY12 FY13 FY14 FY15 FY16 FY17 FY12 FY13 FY14 FY15 FY16 FY17 Dividend (% of Face Value) EPS (in Rs.) 70.0 37.2 60.0 60.0 60.0 30.1 47.0 47.0 23.3 25.1 22.2 21.0 FY12 FY13 FY14 FY15 FY16 FY17 FY12 FY13 FY14 FY15
Slide 33: YTD Performance Highlights
YTD Performance Highlights^ Revenue EBIDTA * PAT after MI 9.3% 10.3% 264 25 24 12 235 9 Q1FY17 Q1FY18 Q1FY17 Q1FY18 Q1FY17 Q1FY18 In Rs. Crores Margins *EBITDA Includes Other Income & share of profits from Jv’s ^As per Ind AS 33
Slide 34: Consolidated P&L Statement
Consolidated P&L Statement* Particulars (Rs. In crores.) Q1FY18 Q1FY17 Y-o-Y FY17 Net Revenue from operations 235.03 263.62 -10.8% 965.42 Direct Expenses 162.77 190.43 689.59 Employee Expenses 25.90 24.25 95.51 Other Expenses 26.19 28.48 107.25 Profit from JV 1.16 0.57 2.92 EBITDA (including other I
Slide 35: Consolidated Balance Sheet
Consolidated Balance Sheet* Particulars (in Crs.) Mar-17 Particulars (in Crs.) Mar-17 Shareholder’s Fund 316.67 Non-current assets 292.37 Share capital 13.63 Fixed assets 258.52 Reserves & Surplus 303.04 Long-term loans and advances 6.15 Minority Interest 11.26 Non-current liabilities Non-current In
Slide 36: Awards & Recognitions
Awards & Recognitions 36
Slide 37: Awards & Recognition
Awards & Recognition Award – LATL Chakan Plant, Received JIPM Award for TPM Excellence, Category B on 23rd March 2017 37
Slide 38: Awards & Recognition
Awards & Recognition Award –Supplier Convention Received from HMSI on 17th February 2017 38
Slide 39: Awards & Recognition
Awards & Recognition Award –Lumax Mannoh awarded for efforts made for VA-VE from Maruti Suzuki on 8th May 2017 39
Slide 40: Awards & Recognition
Awards & Recognition Lumax DK Recceived “2nd Runner-up Award” at 3rd BAL/BAVA KAIZEN competition, Pantnagar on 23rd Feb 2017 40
Slide 41: Awards & Recognition
Awards & Recognition Award for Excellence in Consistent TPM Commitment 41
Slide 42: Awards & Recognition
Awards & Recognition ACMA Award – Silver – Excellence in Quality & Productivity – Small Category, 2015 - Lumax Cornaglia Auto Technologies received from ACMA Award – Gold – Excellence in Quality & Productivity - Mr. Anant Geete, Hon’ble Union Minister for Heavy Industries & Small Category, 2016 - Lu
Slide 43: Awards for Excellence
Awards for Excellence Bajaj Auto Ltd- TPM Award being given by Mr. Sanjeev Vasdev, President, Bajaj Auto Vendor Association & Mr. Pradeep Shrivastav, ED, Bajaj Auto Bajaj Auto Ltd - Quality - Silver Award being given by Mr. Avinash Kalkundri, GM & Mr. S N Shahane, VP – TPM, Bajaj Auto 43
Slide 44: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 44
Slide 45: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 45
Slide 46: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 46
Slide 47: 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 48: For further information, please contact:
For further information, please contact: Company : Investor Relations Advisors : Lumax Auto Technologies Limited Strategic Growth Advisors Pvt. Limited CIN: L31909MH1981PLC025519 CIN: U74140MH2010PTC204285 Ms. Priyanka Sharma Mr. Rahul Agarwal / Mr. Shrikant Sangani [email protected] rah
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