Schaeffler India Limited has informed the Exchange about Investor Presentation
Schaeffler India Limited · Pune · Maharashtra
BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C – 1, Block G, Dalal Street, Bandra-Kurla Complex, Bandra (E), Mumbai-400001 Mumbai-400051 Company Code: 505790 Company Code: SCHAEFFLER
Sub: Investor Presentation
Dear Sirs,
31/08/2023
Phone: +912068198464
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith Investor Presentation on the acquisition of KRSV Innova- tive Auto Solutions Private Limited.
Kindly take the same on your record.
Thanking you.
Yours faithfully,
For Schaeffler India Limited
Ashish Tiwari, VP - Legal & Company Secretary
Encl.: As above
Schaeffler India Limited
Registered and Corporate Office: 15th Floor, (ASTP) Amar Sadanand Tech Park, Baner, Pune, Maharashtra, India – 411045 Tel: +91-20-68198400 | Fax: +91-20-68198405 CIN: L29130PN1962PLC204515, www.schaeffler.co.in, info.in@schaeffler.com,
Schaeffler India to acquire KRSV Innovative Auto Solutions
August 31, 2023 Schaeffler India Limited
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Digital automotive aftermarket in India – On a growth trajectory
Sizable and attractive Indian Automotive Aftermarket in EUR mn
E-commerce Market Penetration
2%
7,000
2,100
Repairs & Service
Parts
4,900
2021
+15%
9,523
3,085
7,199
2025
10%
13,993
4,198
9,795
2030
Source: Frost & Sullivan
• Indian automotive aftermarket expected to grow to 14bn EUR by
2030
• B to B e-commerce penetration expected to reach ~10% by 2030
• B to B e-commerce aftermarket sales expected to grow at a CAGR of
~30% to 1.4 bn EUR by 2030
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Automotive aftermarket in India grew at a CAGR of ~10% over the past five years, despite disruptive impact of the COVID-19 pandemic
OEMs are key players in the automotive aftermarket spares - owing to their robust distribution network across the country
Faster adoption of B to B e-commerce penetration in this industry
B to B e-commerce penetration in India at ~2% with a substantial growth potential, thereby providing an attractive opportunity to Schaeffler India Limited
August 31, 2023 Schaeffler India Limited | Acquisition of KRSV Innovative Auto Solutions Private Limited
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Koovers – Fast growing automotive aftermarket B-to-B e-commerce platform
KRSV Innovative Auto Solutions Private Limited
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KRSV Innovative Auto Solutions Private Limited is the owner of the fast-growing automotive aftermarket B-to-B e-commerce platform - Koovers
Koovers supplies to over 7,000 workshops and has a portfolio of around 1.8 million parts from various manufacturers
Koovers facilitates high customer convenience through suited digital interfaces as well as a fast and reliable supply chain
Koovers enjoys a good brand reputation amongst its customers in India, and offers all applicable automotive aftermarket products
Koovers turnover details in INR mn
+112% CAGR
168
FY21
326
FY22
777
FY23
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Koovers recorded a strong revenue CAGR of ~112% Audited nos for last 3 years turnover
August 31, 2023
Schaeffler India Limited | Acquisition of KRSV Innovative Auto Solutions Private Limited
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A milestone for Schaeffler India to expand its digital business in Automotive Aftermarket
KRSV Innovative Auto Solutions Private Limited
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100% shares of KRSV Innovative Auto Solutions Private Limited to be acquired
Cost of acquisition at ~INR 1,424 mn 100% cash financed
Completion of acquisition in Q3 CY2023, subject to customary closing conditions
The platform will continue to operate under the Koovers brand as a subsidiary of Schaeffler India Limited
August 31, 2023 Schaeffler India Limited | Acquisition of KRSV Innovative Auto Solutions Private Limited
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Acquisition enabling fast participation in the automotive aftermarket B-to-B e-commerce market
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Market attractiveness – Further strengthens Schaeffler’s position in the Indian automotive aftermarket, expanding its digital landscape
Scalability – Agile business model and scalable platform with wide spectrum of automotive product offerings as a key enabler of fast growth
Customer centricity – The acquisition will focus on delivering better customer experience, while leveraging existing market and business competencies
Digitalization – This acquisition contributes to the ambitious aftermarket digitalization journey
Seizing the aftermarket growth opportunity in the Indian market
August 31, 2023 Schaeffler India Limited | Acquisition of KRSV Innovative Auto Solutions Private Limited
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Disclaimer
The information contained in this presentation is provided by Schaeffler India Limited (“the Company”), to you solely for your reference. This document is being given solely for your information and for your use and may not be retained by you and neither this presentation nor any part thereof may be (i) used or relied upon by any other party or for any other purpose; (ii) copied, photocopied, duplicated or otherwise reproduced in any form or by any means; or (iii) re-circulated, redistributed, passed on, published in any media, website or otherwise disseminated, to any other person, in any form or manner, in part or as a whole, without the prior written consent of the Company. This presentation does not purport to be a complete description of the market conditions or developments referred to in the material.
This presentation contains forward-looking statements. The words “anticipate”, “assume”, “believe”, “estimate”, “expect”, “intend”, “may”, “plan”, “project”, “should” and similar expressions are used to identify forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about Schaeffler Group’s beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Schaeffler AG. Forward-looking statements therefore speak only as of the date they are made, and Schaeffler Group undertakes no obligation to update any of them in light of new information or future events.
By their very nature, forward-looking statements involve risks and uncertainties. These statements are based on Schaeffler AG management’s current expectations and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Actual results may differ from those set forth in the forward- looking statements as a result of various factors (including, but not limited to, future global economic conditions, changed market conditions affecting the automotive industry, intense competition in the markets in which we operate and costs of compliance with applicable laws, regulations and standards, diverse political, legal, economic and other conditions affecting our markets, and other factors beyond our control).
This presentation is intended to provide a general overview of Schaeffler Group’s business and does not purport to deal with all aspects and details regarding Schaeffler Group. Accordingly, neither Schaeffler Group nor any of its directors, officers, employees or advisers nor any other person makes any representation or warranty, express or implied, as to, and accordingly no reliance should be placed on, the accuracy or completeness of the information contained in the presentation or of the views given or implied. Neither Schaeffler Group nor any of its directors, officers, employees or advisors nor any other person shall have any liability whatsoever for any errors or omissions or any loss howsoever arising, directly or indirectly, from any use of this information or its contents or otherwise arising in connection therewith.
The material contained in this presentation reflects current legislation and the business and financial affairs of Schaeffler Group which are subject to change
August 31, 2023
Schaeffler India Limited | Acquisition of KRSV Innovative Auto Solutions Private Limited
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