Minda Corporation Limited

rs,

ast), Mumbai - 400 051 Scrip Code: MINDACORP Head - Listing Operations, BSE Limited, P.J. Towers, Dalal Street, Fort, Mumbai – 400 001 Scrip Code: 538962 Sub: Earnings Presentation on the Un-Aud

24.3%

Cusp of a Multi-Year Upcycle (Production Volumes in Mn) Q1 FY24 Growth (Y-o-Y) (8.9)% (1.5)% 24.3% 0.28 0.26 0.26 0.25 0.17 0.21 1.3% 4.83 4.90 7.0% 1.06 1.14 Auto Industry 2.3% • Q

1.3%

lumes in Mn) Q1 FY24 Growth (Y-o-Y) (8.9)% (1.5)% 24.3% 0.28 0.26 0.26 0.25 0.17 0.21 1.3% 4.83 4.90 7.0% 1.06 1.14 Auto Industry 2.3% • Q1FY24 was a mixed bag from demand perspecti

7.0%

24 Growth (Y-o-Y) (8.9)% (1.5)% 24.3% 0.28 0.26 0.26 0.25 0.17 0.21 1.3% 4.83 4.90 7.0% 1.06 1.14 Auto Industry 2.3% • Q1FY24 was a mixed bag from demand perspective, with signs of

2.3%

% 24.3% 0.28 0.26 0.26 0.25 0.17 0.21 1.3% 4.83 4.90 7.0% 1.06 1.14 Auto Industry 2.3% • Q1FY24 was a mixed bag from demand perspective, with signs of volume growth moderation in most

0.6%

o-wheeler space Tractors CV 3 W PV 2 W Auto Industry Q1FY23 Q1FY24 Q1 FY24 Growth (Q-o-Q) 0.6% (12.7)% (2.3)% 0.26 0.26 0.29 0.25 0.22 0.21 (6.4)% 1.22 1.14 Auto Industry 6.5% 6

6.5%

) 0.6% (12.7)% (2.3)% 0.26 0.26 0.29 0.25 0.22 0.21 (6.4)% 1.22 1.14 Auto Industry 6.5% 6.35 6.76 12.1% 4.90 4.37 Tractors CV 3 W PV 2 W Auto Industry Source: SIAM and TMA In

12.1%

(2.3)% 0.26 0.26 0.29 0.25 0.22 0.21 (6.4)% 1.22 1.14 Auto Industry 6.5% 6.35 6.76 12.1% 4.90 4.37 Tractors CV 3 W PV 2 W Auto Industry Source: SIAM and TMA India Q4FY23 Q1FY24

6.4%

ighlights – Q1 FY2024 Consistently Growing better than Industry performance with Revenue Growth of 6.4% YoY Marquee businesses in Smart Keys, Wiring Harness, Clusters, EV Die Casting started SOP EBITDA

10.7%

inesses in Smart Keys, Wiring Harness, Clusters, EV Die Casting started SOP EBITDA margin stood at 10.7% for Q1FY24, improvement of 12 bps YoY Total Lifetime order wins of ~Rs. 3,000 Crores, with EV con

12 bps

ness, Clusters, EV Die Casting started SOP EBITDA margin stood at 10.7% for Q1FY24, improvement of 12 bps YoY Total Lifetime order wins of ~Rs. 3,000 Crores, with EV constituting ~50% of the order book

Rs. 3,000 Crore

EBITDA margin stood at 10.7% for Q1FY24, improvement of 12 bps YoY Total Lifetime order wins of ~Rs. 3,000 Crores, with EV constituting ~50% of the order book Won Rs. 750 Crores Order for battery chargers from a

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Mechatronics and Aftermarket

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Registered Office

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PARDEEP MANNDigitally signed by PARDEEP MANN Date: 2023.08.03 14:41:26 +05'30' EARNINGS PRESENTATION Q1 FY2024 w w w. s p a r k m i n d a . c o m Adding Differentiating Value to the Auto Sector CONTENTS Company Overview Financial Overview Strategic Pillars of Growth ESG, CSR and Awards Company Overview One of India’s Leading Automotive Component Company Business Verticals Mechatronics Information & Connected Systems Plastics & Interiors Aftermarket Spark Minda Green Mobility Ashok Leyland, Bajaj Auto, CNH, Hero Electric, Hero Moto Corp, Honda Motorcycle and Scooter India, Hyundai, Mahindra & Mahindra, Maruti Suzuki, OLA Electric, Polarity, Revolt, Ather, Piaggio Vietnam, Suzuki Motorcycle, Polaris, TVS Motor, 22 Motor, Tata Motors, Delphi, Ampere, VE Commercial Vehicles, Yamaha Motor, KTM, Triumph, UD Trucks Key Customers Manufacturing Facilities R&D Capabilities 27 Manufacturing facilities in India strategically located across all Indian automotive clusters + 2 Manufacturing facilitie

Mechatronics and Aftermarket

• Revenue grew by 4.3% YoY mainly due to growth in domestic business Information & Connected Systems: • Margins increased by 80 bps YoY due to better efficiencies in lockset and Die Casting division aided by continuously rising smart key volumes • Exports continue to remain under pressure due to macro challenges in overseas markets • Revenue grew by 8.5% YoY supported by demand in domestic market • Margins decreased by 50 bps YoY mainly due to increase in employee cost and time taken to ramp up volumes at new plant in Pune www.sparkminda.com 11 Strategic Pillars of Growth Strategic Pillars of Growth Strategic Pillars of Growth Focus on Enhancing the Core Innovation and Technology Electric Vehicle Growth Opportunity Strengthening Passenger Vehicle Offerings Safety Security System | Wiring Harness | Instrument Cluster | Die Casting In House R&D | JV’s with Global Players EV Agnostic Products| Increase Content Per Vehicle Control Systems | Sensors | Interior Solutions Outcome ✓ Transform

Registered Office

A–15, Ashok Vihar, Phase – 1, Delhi – 110 052 Anshul Saxena Pushpa Mani Atul Modi / Anvita Raghuram Senior VP and Group Head – Strategy and M&A Lead- Investor Relations Investor Relations Advisor Minda Corporation Limited Minda Corporation Limited Churchgate Partners anshul.saxena@mindacorporation.com pushpa.mani@mindacorporation.com minda@churchgatepartners.com +91 120 444 2513 +91 99116 84123 +91 22 6169 5988 www.sparkminda.com 20