Sansera Engineering Limited has informed the Exchange about Investor Presentation
February 06, 2023
The National Stock Exchange of India Ltd Exchange Plaza, C-1, Block G Bandra – Kurla Complex Mumbai 400051
The Department of Corporate Services BSE Limited, P.J. Towers, Dalal Street Mumbai 400001
Scrip Symbol: SANSERA
Scrip Code: 543358
Dear Sir/ Madam
Subject: Investors Presentation
Please find attached a copy of Investors presentation that would be used in the earnings call scheduled on February 07, 2023 at 11.00 am (IST) on the Unaudited financial results of the Company for the quarter and nine months ended on December 31, 2022.
The above presentation will also be made available on the website of our Company at www.sansera.in.
Kindly take the same in your record.
Thanking you,
for Sansera Engineering Limited
Rajesh Kumar Modi Company Secretary and Compliance Officer M.No. F5176
Encls: a/a
SANSERA ENGINEERING LIMITED (Formerly Sansera Engineering Pvt Ltd) Reg Off: No. 143/A, Jigani Link Road, Bangalore-560 105, India, Tel: +91 80-27839081/82/83. Fax: +91 80-27839309 E-mail id: info@sansera.in Website: www.sansera.in CIN: L34103KA1981PLC004542
DIVERSIFICATION. EXPANSION. PROGRESSION.
SANSERA ENGINEERING LIMITED
INVESTORS PRESENTATION
FEBRUARY 2023 1
Safe harbour
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Sansera Engineering Ltd. (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 the basis or be relied on in connection with any contract or binding commitment
whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed
information about the Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the
Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy,
completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all
inclusive and may not
contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this
Presentation is expressly excluded.
This presentation contains certain forward looking statements concerning the Company’s future business prospects and business
profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward
looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding
fluctuations in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and
abroad, ability to attract and retain highly skilled professionals, time and cost over runs on contracts, our ability to manage our international
operations, government policies and actions regulations, interest and other fiscal costs generally prevailing in the economy. The Company
does not undertake to make any announcement in case any of these forward looking statements become materially incorrect in future or
update any forward looking statements made from time to time by or on behalf of the Company.
2
Performance Highlights
Performance Highlights
Total Income*
EBITDA
PAT
Total Income*
EBITDA
PAT
16%
5,640
4,868
15.6%
16.6%
4.9%
5.5%
17.5%
17.0%
6.6%
6.5%
23%
934
759
31%
313
239
22%
17,331
14,237
18%
2,942
2,491
19%
1,129
945
Rs in Mln
Q3FY22
Q3FY23
Q3FY22
Q3FY23
Q3FY22
Q3FY23
9MFY22
9MFY23
9MFY22
9MFY23
9MFY22
9MFY23
› During this period, the domestic market has been a bright spot whereas
due to softening of commodity prices
our international business ended on a flat note on a YoY basis. On a
sequential basis our international business saw some recovery
› As of Dec-22, our order book with annual peak revenues stood at Rs
15.0 bn
› Also, our Aerospace and Defense business has been growing strong
› On the debt front, our net debt stood at Rs. 6,787 Mln (Dec-22)
› Gross margins saw improvement both sequentially and on a YoY basis
* Including Other Income
4
Group CEO’s Message
Commenting on the performance Mr. B R Preetham Group CEO, Sansera Engineering Limited said,
“I am delighted to share with you that we have completed the construction of our new Aerospace and defence
plant in Bengaluru. This plant will be fully operational by Mar-23 and has a potential to achieve a topline of up to Rs.
3,500 Mln, at full capacity utilization level. This new facility would give a fillip to our growth in this segment.
In Q3FY23, we delivered a topline of Rs. 5,640 Mln with a healthy growth 16% on a YoY basis. This growth was largely
driven by domestic markets whereas our international business was flattish.
As on December 2022, our orderbook of new business with annual peak revenues stood at Rs 15 bn, with auto ICE
Mr. B R Preetham Group CEO
contributing Rs 7.34bn (49%), auto tech-agnostic adding Rs 4.52bn (30%) and non-auto accounting for Rs 3.16bn
(21%). There has been order inflow from all the sectors.
In terms of geographic mix, we are seeing recovery in our
international business and specifically we have added substantial business in North American region.
With the trends which are emerging in our sales mix as well as our orderbook mix, we have made encouraging
progress towards our long-term vision which we had set earlier with respect to the revenue mix. For 9M FY23, Non-
auto and Auto Tech-agnostic/xEV contributed 11% and 10% of the revenues, respectively.”
5
Recent Awards & Accolades
BAJAJ_2022 Quality Award BAL Q “Platinum” Award
TOYOTA 2022 Quality Month Award My Product, My Responsibility
2022 Hero-Next Sustainability Award Best Performance EARN Program
6$
New Aerospace & Defence Facility, Jigani Hobli, Bengaluru
140,000 sq ft
Covered area
2/3 of the space dedicated
1/3 of the space dedicated
for Aerospace
for defence
Rs. 3,500 Mln
Revenue potential at full capacity utilization
Rs. 634 Mln
9MFY23 Revenue
7
Strong and diverse business pipeline for future growth
339 LOIs/Purchase Orders from 80 customers in the auto and 42 customers in the non-auto sector
Orderbook (peak annual revenues for new business)
Rs. 14.9 Bn
Rs. 11.1 Bn Rs. 14.4 Bn Rs. 15.0 Bn
Non-auto
16%
Auto-Tech Agnostic & xEV
21%
22%
31%
20%
31%
21%
30%
Auto-ICE
62%
48%
50%
49%
Apr-22
Jul-22*
Sep-22
Dec-22
Domestic
Global
39%
61%
60%
40%
52%
48%
51%
49%
xEV
Tech Agnostic
PV + CV
2W
18%
12%
30%
19%
*Accounts for withdrawal of framework contract worth Rs. 3.0 Bn (intimated on stock exchanges on 26-Jul-22) Represents LOIs / POs for which production has started beyond 1-Apr-2022 or is yet to start. (1) Represents peak annual revenues
8
Update on Electrification
Sansera endeavors to be ahead of the curve in the EV space with a clear emphasis and focus on development of a new mobility world
Wealth of experience in ICE providing solid foundation for growth in the EV space
Strong R&D and design capabilities to meet the requirements of both traditional OEMs and new-age players in the EV space
Significant progress in winning multiple orders for Aluminum forged and machined comps
Broader product portfolio with a higher kit value
Leveraging longstanding relationships with OEMs to increase penetration
Recent wins with marquee global customers demonstrate momentum
13* xEV Customers
7 (2W) 4 (PV) 2 (CV)
18%
4.8%
of orderbook
Of Q3FY23 Sales
Sansera business from key Scooter OEMs
Traditional comps
1,467
Tech Agnostic/ xEV components
1,824
Peak Content per Vehicle (Rs.)
4 Customers
6 Customers
*Some customers may appear in more than one category
9
Sales Mix: By End-Use Segments
Sales mix (%)
Q3FY23
Q3FY22
Q2FY23
9MFY23
9MFY22
Auto – ICE
Auto-Tech Agnostic & xEV
Auto-Tech Agnostic
xEV
Non-Auto
TOTAL
76.5%
11.0%
6.2%
4.8%
12.5%
84.5%
6.1%
5.7%
0.4%
9.4%
80.1%
10.3%
7.4%
2.9%
9.6%
78.8%
10.1%
6.8%
3.3%
83.6%
5.7%
5.5%
0.2%
11.1%
10.7%
100.0%
100.0%
100.0%
100.0%
100.0%
FY22
83.4%
6.1%
5.7%
0.4%
10.5%
100.0%
10
Sales Mix: By Geographies
Sales mix (%)
Q3FY23
Q3FY22
Q2FY23
9MFY23
9MFY22
India
Europe
USA
Other Foreign Countries
International
Exports from India
Sweden Sales
69.2%
19.0%
7.6%
4.2%
30.8%
23.1%
7.7%
64.5%
22.9%
8.9%
3.7%
35.5%
25.2%
10.3%
77.4%
16.1%
3.5%
3.0%
22.6%
18.0%
4.6%
72.7%
17.3%
6.5%
3.5%
27.3%
21.0%
6.3%
63.0%
23.5%
10.0%
3.5%
37.0%
27.8%
9.2%
TOTAL
100.0%
100.0%
100.0%
100.0%
100.0%
FY22
63.0%
23.7%
9.4%
3.9%
37.0%
28.1%
8.9%
100%
11
Consolidated Profit & Loss Account
Particulars (Rs. in Mln)
Total Income*
Cost of goods sold (incl power & fuel cost)
Gross Profit
Gross Profit Margin
Employee benefit expenses
Other Expenses
EBITDA
EBITDA Margin
Depreciation and amortisation expense
EBIT
EBIT Margin
Finance Cost
Profit before Tax
Tax
Profit After Tax
PAT Margin
EPS – Basic (Rs.)
EPS – Diluted (Rs.)
Q3FY23
Q3FY22
5,639.5
3,338.7
2,300.9
40.8%
795.4
571.9
933.5
16.6%
330.9
602.6
10.7%
161.8
440.8
128.1
312.7
5.5%
5.90
5.80
4,867.9
2,974.9
1,893.0
38.9%
694.6
439.7
758.7
15.6%
306.9
451.8
9.3%
134.5
317.4
78.4
239.0
4.9%
4.51
4.34
YoY
16%
22%
23%
33%
39%
31%
9MFY23
17,330.7
10,363.0
6,967.7
40.2%
2,337.4
1,688.4
2,941.9
17.0%
953.4
1,988.5
11.5%
442.2
1,546.3
417.1
1,129.2
6.5%
21.10
20.64
9MFY22
14,237.1
8,424.8
5,812.2
40.8%
2,004.4
1,317.1
2,490.7
17.5%
869.8
1,620.9
11.4%
363.4
1,257.5
312.2
945.3
6.6%
18.08
17.39
YoY
22%
20%
18%
23%
23%
19%
* Including Other Income
12
Company Overview
Sansera Engineering Ltd.: Today
An engineering-led integrated manufacturer of complex and critical precision forged and machined components catering to OEMs globally
Well diversified business across……
Ready to capture upcoming opportunities with….
End-user applications
79%
Auto ICE
10%
11%
Auto Tech Agnostic & xEV
Non-automotive
Products
38% 17% 18% 5% 4% 4% 2% 12% Others Connecting rods
Crank shaft assembly
Aerospace products
Gear shifter forks
Integral crankshaft
Rocker arms
Stem comp
Geographies
73%
India
Customers
27%
International
61
Auto
34
Non-Auto
95
Total
27
Countries
Integrated manufacturing facilities
›
Entire manufacturing process being carried out in- house & supported via concurrent engineering capabilities.
› Modular and fungible production lines
Strong in-house engineering capabilities
› High focus on engineering, machine building,
automation
17
Facilities
277
Dedicated team
Professional management
› Distinguished board and experienced management team
› Professional leadership – Group CEO, CFO & COO
Resilient financial performance & strong profitability
9M FY23 (Rs. Mln)
FY22 (Rs. Mln)
17,331 2,942(17%) 20,045 3,491(17.4%) Total Income
Total Income
EBITDA
EBITDA
Sales mix for 9M FY23 Maps not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness.
14
Zero Defects Supplies From Both Toyota Kirloskar Auto Parts and Toyota Kirloskar Motor
Toyota Industries Best Targets Achieved Supplier in Delivery of the year 2021
General Motors
30th annual
supplier
of the year 2021
Knorr-Bremse
award for Technology
well recognized by customers
HMSI
Honda Motorcycle & Scooter India Pvt. Ltd.
award for Environmental initiatives
Boeing Excellent Supplier Performance
15
15
Sansera’s Vision
Sansera plans to continue to improve its market share, participate in the growing xEV opportunity and diversify into technology agnostic components and non-auto sectors
Auto-Tech Agnostic & xEV
15%
Auto-Tech Agnostic & xEV
Non-auto
10%
11%
9M FY23
3W 1%
8%
2W-Scooters
HCV
10%
37%
2W-Motorcycles
Non-Auto
25%
Long term (5 years)
60%
Auto-ICE
79%
Auto-ICE
23%
PV
% reflect percentage of total sales
ICE:
Internal Combustion Engine
16
Leading supplier of precision forged and machined components
The critical applications of Sansera’s products and stringent quality requirements, act as a strong competitive advantage for the company
Indian market
International market (Connecting Rods)
Sansera’s Market Share (LV)
Two wheelers
Light Vehicles
Light Vehicles
Largest supplier of connecting rods, rocker arms and gear shifter forks
Largest supplier of connecting rods and rocker arms
Commercial Vehicles
Top 10 supplier of connecting rods
1.1%
0.9%
2.3%
1.9%
1.6%
1.8%
Connecting Rods Rs. 11 bn
12% FY21 – 26 CAGR
Rocker arm Rs. 5 bn
10% FY21 – 26 CAGR
Connecting Rods(LV) 289 mn units
3% FY21 – 26 CAGR
Gear shifter forks Rs. 3 bn
13% FY21 – 26 CAGR
Crankshaft Rs. 17 bn
13% FY21 – 26 CAGR
Connecting Rods(CV) 35 mn units
1% FY21 – 26 CAGR
e z i s
t
e k r a M
CY15
CY16
CY17
CY18
CY19
CY20
Sansera’s Market Share (CV)
3.3%
3.0%
3.1%
3.0%
1.7%
0.9%
Stem Comp Rs. 8 bn
14% FY21 – 26 CAGR
Source: Prospectus, Ricardo report, CRISIL report.
CY15
CY16
CY17
CY18
CY19
CY20
17
Emphasis on diversification for four decades
Over the decades, adaptation and diversification into wider market has been the key for Sansera’s growth
Received first purchase order from Maruti Udyog Limited
1 8 9 1
1 9 9 1
Received investment from Monsoon India Inflection Equity Fund
8 0 - 4 0 0 2
Commenced supply of machined connecting rods to Kirloskar Toyota
Commenced operations of the dedicated facility for Aerospace
4 1 0 2
7 1 0 2
• Commenced
Commissioned • biggest plant in
Bidadi, Bengaluru • manufacturing lines
for aluminium forged products
Commenced supplies of suspension products`
•
•
0 2 0 2
development of components for PV braking assembly and BEV (Battery Electric Vehicle) drivetrain Signed lease for a new facility for aerospace & defence Secured business for machining of aircraft engine casings
2 2 0 2
Concluded the construction of new Aerospace and Defence plant. Plant is 4x current facility
Incorporated by Mr. S. Sekhar Vasan
6 8 9 1
6 0 0 2
Joining of 3 promoters (F R Singhvi, Unni Rajgopal & D Devaraj)
Commenced operations at new plants in Haryana, Maharashtra and Uttarakhand
3 1 0 2
Investment by Client Ebene and CVCIGP II Employee Ebene
5 1 0 2
Acquired Mape Sweden, European manufacturer of engine components for HCV
9 1 0 2
Commenced development of: •
suspension and drive train components for a domestic e-2W OEM
• multiple drive train
components for Hybrid PVs and steering components for PVs • braking assembly & chassis components for HCVs
1 2 0 2
Commenced commercial production for aluminum forged and machined comps at Plant 11
3 2 0 2
18
Wide range of product offerings: Auto (Including Tech-Agnostic and xEV)
Sansera has a track record of developing complex and critical precision engineered components for the automotive sector over multiple decades. Most of the products are sold directly to OEMs in finished (forged and machined) condition, resulting in significant value addition by us
Two - Wheelers
Passenger Vehicles
Commercial Vehicles
Product Offerings
Sales Mix FY22
9MFY23
Roller RA
Integral CR
Crankshaft
GSF
Fractured CR
Split CR
Fractured CR
Split CR
Gear Shifter Fork
Stem Comp (Suspension)
Aluminium forged Comp. (Chassis)
Integral Crankshaft
Rocker Arm (DLC)
Gear Shifter Fork
Integral Crankshaft (Braking System)
Cabin Tilt System Comp. (Chassis)
Motorcycles 37%
37%
Scooters 10%
14%
28%
26%
13%
11%
Key Customers (Indian and Global)
Indian › 9 out of Top 10 Two
Wheeler OEMs
Global › European, US and
Japanese premium Two Wheeler OEMs
Indian › Major Japanese and European PV OEMs Indian multinational automotive manufacturing company
›
Global › Leading North American and European PV OEMs
› Global Tier 1
Supplier
Indian › Leading Indian and European OEMs › Global supplier of
actuation and motion control systems
Global › Leading European, Japanese and US OEMs
› Global suppliers of braking systems
Note: The remaining 1% of the auto segment’s revenues was contributed by Three-Wheelers in both FY22 and 9MFY23
CR: RA:
Connecting Rods Rocker Arms
19
Wide range of product offerings: Non-Auto
Over the years, the company leveraged its existing capabilities to manufacture precision components for several non- automotive sectors and established its presence in the aerospace, off-road and agriculture sectors
Aerospace & Defence
Off-road
Agriculture
Others
Product Offerings
Sales Mix FY22
9MFY23
Speciality Seating
Aerostructure
Equipment - Housings
Fractured Split
Gear Shifter Fork
Fractured CR
Cam Shaft
Cargo Systems
Actuation parts
Lighting parts
Crankshaft
Rocker Arms
3%
4%
3%
3%
Pump Barrel
3%
3%
Fractured CR
Split CR
Integral Crankshaft (Stationary Engine)
Crankshaft
Pump Barrel
2%
1%
Key Customers (Indian and Global)
Indian › Leading
Indian Tier 1 supplier
Global › Global Tier 1 suppliers › Global European aircraft
OEM
› Global North American
aircraft OEM
› Global Recreational Vehicle OEM
›
›
Indian arm of a global supplier of fuel injection systems Indian arm of a global engine-based fuel and air management systems manufacturer
› Global OEM of Earth Moving
›
Equipment Indian arm of a global manufacturing and supply chain management co.
› Subsidiary of a leading global power
tools manufacturer
› Global marine engine manufacturer
20
CR:
Connecting Rods
Consistent track record of product development
New products coupled with addition of product capabilities laying a strong foundation for future growth
GSF (2W)
Split Connecting Rod (PV)
Fractured Connecting Rod (PV)
GSF (PV)
Integral Crankshaft (2W)
Suspension parts (2W)
Non-Auto (Agri, Industrial)
Cabin Tilt System (HCV)
Non-Auto/ (Engg. & Capital Goods)
Braking Assembly parts (PV, HCV)
Drive train parts (2W EV)
Fiscal year
1987
1997
2004
2006
2008
2010
2014
2016
2017
2018
2019
2020
2020
2021
2021
2022
Rocker Arms (PV)
Connecting Rod (2W)
Crankshaft (2W)
Aerospace parts
Drive Train / Chassis parts (PV)
Connecting Rod, Valve Bridge (HCV)
Aluminium Forged Parts (2W)
Drive train components (Hybrid EVs)
Rotor Parts (2W EV)
Steering parts (PV)
Engine Casing (Aerospace)
Suspension parts (Off-road) / Power transmission (Non-auto)
21
Diverse reach and customer base
Within India, relationship with 9 out of top 10 2 W OEMs
Globally, relationship with 6 out of top 10 LV OEMs
Globally, relationship with 3 out of top 10 MHCV OEMs
30+ years of relationship with the Leading PV OEM in India
Sales Mix (9M FY23) (1)
Customer Relationship
USA
Others
4%
Europe
6%
17%
Customer 1
15%
Integral CSFT Aerospace
Others
12%
20+ Years
20%
2%
CR
4+ Years
38%
40%
Others
47%
14%
Stem comp
4%
4%
Customer 2
GSF
5%
73%
India
6%
12%
Customer 3
6%
18%
CSFT Assembly
Customer 5
Customer 4
By Geography
By Customer
17%
RA
By Product
40%
10+ Years
Top 20 Customers
A wide portfolio of products across 70+ product families catering to auto and non-auto customers across 26 countries
Source: Ricardo report, CRISIL report. 1. Based on sale of products
22
Strong in-house engineering capabilities (1/2)
277 personnel working on design, engineering, machine building, automation & technical support functions
In- House Machine Building Capabilities
Automated Cells
Internal grinding machines
4 station special propose machines
Double disc grinding machines
Vertical honing machines
Highlights
› 1,000+ CNC Machines built in-house
› 49 machines manufactured in 2021-22
› 55 dedicated personnel in machine
building division
Outcomes
› Capital and operating efficiency
› Reduced reliance on third party
suppliers
› High responsiveness to customer needs
51
58
Automation Capabilities
34 Dedicated personnel in the automation division
Automated fracture and bolt assembly cells
Robotic final inspection cells
179 Robots installed across all facilities
Outcomes
›
›
Increased Productivity
Increased Cost Control
› Consistent Product Quality
69
70
d e
i l
p p u s
s e
i l i
m a
f
t c u d o r P
FY19
FY20
FY21
FY22
23
Strong in-house engineering capabilities (2/2)
Improved Productivity, Increased Automation, Reduced Manpower
Case Study: Evolution of fractured connecting rod (CR) lines over six generations over 8 years
Manpower / Shift
“Takt” Time(1)”
(# / shift)
23
(seconds)
18
15
13
Output per day
(# of pieces)
4200
4500
5200
12
8
CR Line - 1 (Dec-10)
CR Line - 4 (Feb-17)
CR Line - 6 (Jan-19)
CR Line - 1 (Dec-10)
CR Line - 4 (Feb-17)
CR Line - 6 (Jan-19)
CR Line - 1 (Dec-10)
CR Line - 4 (Feb-17)
CR Line - 6 (Jan-19)
Interchangeable capacity and product mix across all products categories (auto and non- auto) optimising productivity & efficiency
Designed and built automated gantry lines for suspension component - stem comp
Plan to deploy the automation capabilities across other manufacturing lines
Note: 1. takt time – average time between the start of production of one piece and the start of production of the next piece.
24
Integrated manufacturing facilities
Sansera has 16 plants under operation across India, 1 in Sweden and 1 under construction in India All its facilities are located in close proximity to the client production facilities
Manesar (Gurgaon) (1)
Pantnagar (1)
Shorter product development and delivery times
Mehsana (1)
Chakan (Pune) (1)
Greater control over key inputs & processes
Streamlined production processes
Fungible production lines Interchangeable capacity across sectors (auto & non- auto) and various product lines therein
Bengaluru and Bidadi (9)
Tumkur (3)
Better capex management
Lower inventory
Maps not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness.
25
Environment & Social Governance (1/2)
26
Environment & Social Governance (2/2)
Environment
› Waste Management
› Rejuvenation of Bommasandra Lake
›
›
Scholarship programme
Science kit support
›
Infrastructure support to Begur school
Education
› Renovation of Gurubhavan
›
School bus donated to Shivanahalli Vivekananda Ashram
› 5S implementation in School
› Distributed food packets
during COVID-19
› Donated Oxygen Concentrators
› Donated beds and ECG
› Encouraged blood donation
Healthcare
Machine to Corona Primary Health Care Centre
› Provided Oxygen
Concentrators & Bipap Donation
by Sansera employees
›
Supported Government Primary Healthcare centre
27
Way Forward
Clear path to accelerate growth
Diversify into tech-agnostic products and cater to the xEV opportunity
Consolidate and strengthen global market share in existing portfolio and diversify into technology agnostic products
Continue to leverage existing capabilities to diversify further into non-automotive businesses and expand addressable market
Retain and strengthen technological leadership through continued focus on engineering capabilities
29
Diversify into tech-agnostic products and cater to the xEV opportunity
Technologically agnostic and EV / Hybrid components developed / under development for each segment
2W / e-2W
PV / Hybrid / B-EV
CV
Drive Train Components
Suspension Components
›
›
LoI from a leading electric 2W OEM in FY21
SOP commenced from Oct-21
Steering parts
Drive Train Components
Braking System Components
Chassis Components (Cabin Tilt System)
Braking System Components
›
Supply of steering components started from Jun-21
› Developing proto samples for a
leading global BEV OEM
› Drivetrain components SOP
started from Jun-22
›
Supply of braking assembly components to start in FY23
›
›
Supply of cabin tilt system components started in FY21
Supply of braking system components started from Jul-22
Phase 1 of setting up a dedicated facility for hybrid and electric components within our existing Plant at Bengaluru has completed. Production lines for 2W-xEV and hybrid-PVs have begun mass production in Q4FY22
30
Leverage existing capabilities to diversify into non- automotive businesses & expand addressable market
Engine Casing
Suspension Components
Common Rail
›
›
Supply of machined engine casings to Aerospace segment started from FY22
Supply of suspension components for off-road started in FY22
Key Initiatives
Aerospace / Defence
› Dedicated facility for aerospace & defence under construction in Bengaluru
›
Secured orders from defence sector for applications in radar system and space telescope
› Developed multiple components including CR for industrial engines & construction equipment
Other sectors
› Developed precision components for power transmission & railways segment
›
Supply power tool components used in residential & industrial sectors
31
Strengthen technological leadership
Sansera focuses on providing high value-added and technology-driven components to capture shifts in customer preferences as well as evolving regulatory requirements, such as heightened emissions control standards. Further, this would increase opportunities for us to become a preferred supplier to our customers and consolidate our position
Leveraging engineering know-how in product design
Continued focus to enhance engineering capabilities
Multiple Drive Train Components
Hybrid and BEV Transmission Systems
Business from Global Japanese OEM
Commissioned Aluminium Forging Lines
Capitalise on growing demand for light-weight and environmentally friendly components
`
Five-axis Machining Capabilities
Aluminium Forged
Intricately shaped components for ICE and Electric 2W
GSF with Moly Coating
Finger Followers with diamond like coating
For Multiple Global OEMs
PVs
For machining large structural components for aerospace
Fatigue Testing Machine
Enhance product reliability, durability and performance
32
Historical Performance
Historical Performance Highlights
Total Income*
EBITDA
PAT
18.6%
16.3%
18.8%
17.4%
17.0%
6.0%
5.4%
7.0%
6.6%
6.5%
16,408
14,731
15,724
20,045
17,331
3,055
2,407
3,491
2,952
2,942
981
799
1,319
1,099
1,129
Rs in Mln
Margins
FY19
FY20
FY21
FY22
9MFY23
FY19
FY20
FY21
FY22
9MFY23
FY19
FY20
FY21
FY22
9MFY23
Net Debt / Equity
ROCE(%)
ROE(%)
0.82
0.74
18.5%
15.5%
15.8%
15.4%
0.55
0.57
0.56
11.4%
15.3%
11.0%
13.2%
13.7%
13.8%
FY19
FY20
FY21
FY22
H1FY23
FY19
FY20
FY21
FY22
H1FY23
FY19
FY20
FY21
FY22
H1FY23
ROCE : TTM EBIT / Average Opening & Closing Capital Employed (Equity + Net debt) ROE : TTM PAT / Average Opening & Closing Networth * Including Other Income
34
Consolidated Statement of Profit and Loss
Particulars (Rs. in Mln)
Total Income*
Cost of goods sold (incl power & fuel cost)
Gross Profit
Gross Profit Margin
Employee benefit expenses
Other Expenses
EBITDA
EBITDA Margin
Depreciation and amortisation expense
EBIT
EBIT Margin
Finance Cost
Exceptional items
Profit before Tax
Tax
Profit After Tax
PAT Margin
EPS – Basic (Rs.)
EPS – Diluted (Rs.)
FY22
20,045.3
11,895.9
8,149.4
40.7%
2,773.6
1,885.0
3,490.8
17.4%
1,197.0
2,293.8
11.4%
510.1
-
1,783.7
464.8
1,318.9
6.6%
25.27
24.36
FY21
15,723.6
9,167.2
6,556.4
41.7%
2,137.5
1,466.8
2,952.1
18.8%
1,016.8
1,935.4
12.3%
473.9
-
1,461.5
362.8
1,098.6
7.0%
21.02
20.55
FY20
14,731.4
8,811.1
5,920.3
40.2%
2,134.2
1,379.4
2,406.7
16.3%
939.0
1,467.7
10.0%
580.9
-
886.8
87.7
799.1
5.4%
15.63
15.28
FY19
16,408.1
9,869.4
6,538.7
39.9%
2,174.1
1,309.8
3,054.8
18.6%
757.5
2,297.2
14.0%
512.8
134.9
1,649.5
668.9
980.6
6.0%
18.73
18.31
Note: Restated financial statements for FY19, FY20 and FY21 * Including Other Income
35
Annexure
Experienced Professional Management Team
Sansera is an employee driven, professionally managed organization. Majority of the senior management has been with the Company for more than 10 years and have led the expansion of our product families and customer base, resulting in business growth and diversification
B R Preetham Group CEO
Vikas Goel CFO
Praveen Chauhan COO
30+ years of experience and has oversight across all areas of business including developing and maintaining relationships with suppliers
›
›
30+ years of experience
Previously worked with Ingersoll-Rand, Stanley Black & Decker, Weir and Motherson Sumi
› 36+ years of experience, ~18 years at Sansera
›
Previously worked with Maruti Udyog Limited
Bachelor of Engineering from Bangalore University
› Member of ICAI; Associate member of ICWAI; Bachelor
of commerce from the University of Delhi
› Diploma in Automobile Engineering from Board of
Technical Education Delhi
Satish Kumar Head Business Development
Vidyadhar Janginamath Head Engineering Design
Rajesh Kumar Modi Head Legal & Secretarial
35+ years of experience in Operations, Business Development. 24+ years at Sansera
Bachelor of Engineering from Bangalore University
P R Suresh Head Corp. Training & Quality system
30+ years of experience in the fields of quality systems management
Supervises the corporate training and quality systems department
Bachelor of Engineering from University of Mysore and an MBA from Indira Gandhi National Open University
›
›
›
›
›
29+ years of experience, 15+ years at Sansera
Responsible for the engineering department
Bachelor of engineering from Karnataka University
›
›
23+ years of experience in the legal and secretarial field, 4+ years at Sansera
Bachelor of law and MBA from Barkatullah University, Bhopal, Member of ICSI
Rakesh S B Head Aerospace Division
30+ years pf experience in various fields including sales, marketing and aerospace engineering, 6+ years at Sansera
Bachelor of engineering from University of Mysore
37
›
›
›
›
›
›
›
Distinguished Board of Directors
S Sekhar Vasan Chairman and Managing Director
F R Singhvi Joint Managing Director
Raunak Gupta Non-Executive, Nominee Director
› 40 years of experience in the field of manufacturing
› 40+ years of professional experience with 15+ years
› Director at TRG Advisors
of precision products, with Sansera since incorporation
at Sansera guiding automobile and aerospace business
› PGDM from IIM Bengaluru and Bachelor of
› Previously with M/s. Singhvi, Dev & Unni (C.A.)
Technology from IIT Madras
Chartered Accountant
› Previously with Citi VC, Motilal Oswal, Rabo India
Securities and Infosys
› PGDCM from IIM Calcutta and Bachelor of
Technology from IIT Delhi
Muthuswami Lakshminarayan Non-Executive, Independent Director
Revathy Ashok Non-Executive, Independent Director
› Previously, held the position of MD at Bosch and
Harman International
› Masters’ degree in Technology from IIT Bombay
› Previously with Tishman Speyer & CFO of Syntel
› Awarded ‘Faculty medal for Best Performance’ –
Habitat & Environmental Studies
› PGDM from IIM Bengaluru
Samir Purushottam Inamdar Non-executive Independent Director
› Over 40 years of experience
› Previously, held President & CEO position of major
businesses of General Electric in South Asia and as the CEO & Managing Director of Tyco Electronics in South Asia, for over 11 years
› PGDM from IIM Calcutta and Bachelors in
Mechanical Engineering from Mumbai University
38
2-Wheeler | Scooters
ICE scooter
Electric scooter
Suspension parts
Engine parts
STEM COM STEERING
Rocker arms
Connecting Rod
Crankshaft
Suspension Parts
Drive Line Parts
39
2-Wheeler | Motorcycle
EV ROTOR PARTS
ENGINE PARTS
TRANSMISSION PARTS
ALUMINIUM FORGED PARTS
STEERING, SUSPENSION & CHASSIS PARTS
Rocker Arms
Connecting Rod
Finger Follower
Crankshaft Assembly
Balancer Shaft
Gear Shifter Fork
Arm Relay
Step Holder Rider
Step Holder Rider
Boss Handle
Step Folder Pillion
40
4-Wheeler | ICE
ENGINE PARTS
TRANSMISSION PARTS
STEERING, SUSPENSION AND CHASSIS PARTS
Rocker Arms
Connecting Rod
Housing Shift Lever
Shaft Control
Shifter Fork
Spacer Input Gear
Shaft Propeller
Attachment Lower Ball Joint (LH & RH)
Piece 5R Shift
Adapter
Sprocket
Housing Shift Lever-1
Housing Shift Lever-2
Rocker Shaft
Lever Shift
Arm Shift
Piece Back Shift
Input Shafts
41
4Wheeler | xEV
DRIVELINE PARTS
BEV
Clutch Assembly Part
HYBRID PV
TRANSMISSION PARTS
Pinion Differential Drive
Motor Generator Shaft
Gear Counter Driven
Gear Motor Counter Drive
42
Commercial Vehicle
Tilt cabin system
BRAKING ASSEMBLY PARTS
Crankshaft
Guide Bush
ENGINE PARTS
TRANSMISSION PARTS
Connecting Rod
Bracket
Support Injector
Valve Bridge
Gear shifter Fork
TRANSMISSION Intermediate Ring
43
AERO STRUCTURE PARTS
CARGO PARTS
Aerospace
LIGHTING PARTS
SEATING PARTS
ENGINE AUXILLARY
ENGINE PART
EQUIPMENT HOUSING PART
44
Off Road
ATV
ENGINE PARTS
Crankshaft Assembly
Connecting Rod Balancer Shaft
SUSPENSION PARTS
TRANSMISSION PARTS
Taper Housing
Bearing Housing
45
Agricultural and Other Non-Automotive Applications
AGRICULTURE
ENGINEERING & CAPITAL GOODS
Cam Shafts
Pump Housing
Connecting Rod
Common Rail
Body Flange
Valve Bridge
Integral Crank
Hub
POWER TOOLS
OTHERS (POWER TRANSMISSION)
Hand Tools (Residential and Industrial Applications)
Fuse cap
46
Thank You
For more information please contact: Company:
Investor Relations Advisor:
Sansera Engineering Limited CIN: L34103KA1981PLC004542 Mr. Rajesh Kumar Modi, Company Secretary & Compliance Officer Email id: rajesh.modi@sansera.in
Strategic Growth Advisors Pvt Ltd. CIN: U74140MH2010PTC204285 Shikha Puri / Dharmik Kansara Email id: shikha.puri@sgapl.net / dharmik.k@sgapl.net Tel No: +91 9819282743 / +91 7208179323