SANDHARNSE9 November 2023

Sandhar Technologies Limited has informed the Exchange about Investor Presentation

Sandhar Technologies Limited

Ref: STL/SE/2023-2024/Regulation 30/44

Dated: 09th November, 2023

To, Department of Corporate Services, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001

To, Listing Department, National Stock Exchange of India Limited C-1, G-Block, Bandra-Kurla Complex Bandra, (E), Mumbai – 400 0051

BSE Code: 541163; NSE: SANDHAR

Sub: Intimation to Stock Exchange - Investor Presentation in connection with Unaudited (Standalone & Consolidated) Financial Results for the Quarter and Half Year ended on the 30th September, 2023

Dear Sir/Madam,

Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the copy of Investor Presentation in connection with Unaudited (Standalone & Consolidated) Financial Results for the Quarter and Half Year ended on the 30th September, 2023.

The above information will also be available on the Company’s website www.sandhargroup.com

Kindly take the above on your record.

Thanking you, Yours faithfully,

For Sandhar Technologies Limited

Komal Malik Company Secretary & Compliance Officer

Encl: As above

Sandhar Technologies Limited

Corporate Office: 13, Sector-44, Gurugram-122 002, Haryana, India. Ph: + 91 12-4518900

Registered Office: B-6/20, L.S.C., Safdarjung Enclave, New Delhi-110 029, India, Ph: +91-11-40511800

E-mail: enquiries@sandhar.in, website: www.sandhargroup.com; CIN-L74999DL1987PLC029553

INVESTOR PRESENTATION H1 & Q2, FY 2024

SAFE HARBOUR

This presentation and the accompanying slides (the “Presentation”), has been prepared by Sandhar Technologies Limited (the “Company”), 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.

Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks the Indian economy and of the economies of various international and uncertainties include, but are not limited to, the performance of markets, the performance of the auto ancillary industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections.

Major Operational Highlights – Consolidated – Y-o-Y

For the half year - H1 FY24

For the Quarter - Q2 FY24

Total Income

Operational EBITDA

Total Income

Operational EBITDA

 Total Income

Increased by 20% to Rs. 1,720 Crs.

 Operational EBITDA Increased by 33% to Rs. 160 Crs.

 Total Income

Increased by 18% to Rs. 888 Crs.

 Operational EBITDA Increased by 35% to Rs. 84 Crs.

EBITDA in %

PAT

EBITDA in %

PAT

 EBITDA Margin

higher by 90 bps at 9.3%

 PAT increased by 69% to Rs. 49 Crs.

 EBITDA Margin

higher by 120 bps at 9.5%

 PAT increased by 68% to Rs. 28 Crs.

Operating Cash Flow

 Cash Generated Rs. 159 Crs.

Operating Cash Flow

 Cash Generated

Rs. 61 Crs.

Financial Highlights, H1 FY 24 – Y-o-Y Consolidated

TOTAL INCOME

EBITDA

(fig. in ₹ Crs.)

EBT

PAT

20%

33%

57%

69%

1,719.82

1,428.90

160.04

65.13

120.21

9.3%

8.4%

3.8%

41.47

2.9%

29.08

2.0%

49.03

H1 FY 24

H1 FY 23

H1 FY 24

H1 FY 23

H1 FY 24

H1 FY 23

H1 FY 24

H1 FY 23

Standalone

TOTAL INCOME

EBITDA

EBT

PAT

11%

21%

54%

240.00 210.00 180.00 150.00 120.00 90.00 60.00 30.00 -

120

105

118.22

97.66

8.9%

8.1%

68.26

5.1%

44.23

3.7%

58%

51.29

3.8%

32.42

2.7%

90 10.0% 80 70

50 40

20 10 0.0% 0

H1 FY 24

H1 FY 23

H1 FY 24

H1 FY 23

H1 FY 24

H1 FY 23

10%

Financial Highlights, Q2 FY 24 Consolidated

TOTAL INCOME

18%

EBITDA

35%

11%

(Y-o-Y)

(Q-o-Q)

(fig. in ₹ Crs.)

EBT

PAT

56%

19%

68%

28%

Standalone

TOTAL INCOME

EBITDA

21%

EBT

PAT

59%

10%

67%

17%

H1-FY 24 Revenue Snapshot – Consolidated – (Y-o-Y)

(fig. in ₹ Crs.)

Category wise Revenue* Share (₹ 1,713.75 Crs.)

Product Wise Revenue Share (%)

Overall

FY 2023-24

1,713.75

Share in %

FY 2022-23

1,421.38

Share in %

Growth

20.6%

991.47

57.9%

819.43

57.7%

21.0%

342.11

20.0%

276.16

19.4%

23.9%

OHV

254.99

14.9%

207.08

14.6%

23.1%

36.35

2.1%

32.29

2.3%

12.6%

Others*

88.83

5.2%

86.42

6.0%

2.8%

20.4%

18.7%

13.9%

13.4%

15.1%

13.2%

13.3%

13.9%

14.2%

12.0%

11.0%

10.4%

8.6%

7.7%

8.0%

6.2%

Locking Systems

Vision Systems

Cabins & Fabrication

Sheet Metal

ADC - Overseas

ADC - Domestic

Assemblies Others

Q2-FY 24 Revenue Snapshot – Consolidated – (Y-o-Y)

(fig. in ₹ Crs.)

Category wise Revenue* Share (₹ 884.84 Crs.)

Product Wise Revenue Share (%)

Overall

884.84

Q2 FY- 23-24

Share in %

Q2 FY- 22-23

746.28

Share in %

Growth

18.6%

521.15

58.9%

438.23

58.7%

18.9%

169.06

19.1%

135.86

18.2%

24.4%

OHV

126.90

14.3%

109.09

14.6%

16.3%

19.82

2.2%

15.48

2.1%

28.0%

Others**

47.92

5.4%

47.62

6.4%

0.6%

7.7%

6.2%

20.6%

19.3%

13.3%

13.4%

13.5%

12.6%

14.1%

13.2%

11.7%

11.0%

15.3%

12.2%

8.4%

7.5%

Locking Systems

Vision Systems

Cabins & Fabrication

Sheet Metal

ADC - Overseas

ADC - Domestic

Assemblies Others

FINANCIAL INFORMATION & RECENT UPDATES

Profit & Loss Statement – Consolidated

(fig. in ₹ Crs)

Particulars Total Income Expenses Cost of materials Labour cost Personnel expenses Other expenses Total expenses EBITDA EBITDA % Finance costs Interest on lease liabilities Depreciation

Profit before exceptional item, share of loss in joint ventures and tax (EBT)

Exceptional item Profit/(Losses) from JV Profit after exceptional item, share of loss in joint ventures before tax EBT % Tax Expenses Net profit Net Profit % Other comprehensive income Total comprehensive income Comprehensive Income % Cash Profit Earnings Per Share (EPS)* Cash Earning Per Share (CEPS)* Return on Capital Employed - Adjusted*

Q2 FY 24 888.02

Q2 FY 23 750.81

YoY (%) 18.3%

Q1 FY 24 QoQ (%) 831.80

6.8%

H1 FY 24 1719.82

H1 FY 23 1428.90

YoY(%) 20%

FY 22-23 2921.40

542.36 76.31 44.87 140.16 803.70 84.32 9.5% 11.03 1.62 36.86

480.37 56.03 41.04 110.70 688.15 62.66 8.3% 7.21 1.06 29.07

12.9% 36.2% 9.3% 26.6% 16.8% 34.6% 1.1% 53.1% 53.0% 26.8%

508.57 70.20 44.64 132.69 756.08 75.72 9.1% 9.97 1.40 34.93

6.6% 8.7% 0.5% 5.6% 6.3% 11.4% 0.4% 10.7% 16.1% 5.5%

1050.93 146.51 89.51 272.84 1559.78 160.04 9.3% 19.59 4.44 71.79

34.80

25.32

37.5%

29.42

18.3%

64.22

- 0.66

35.46

4.0% 7.93 27.52 3.1% -0.17 27.36 3.1% 66.54 4.58 11.05 3.8%

1.10 -1.50

22.71

3.0% 6.35 16.37 2.2% -0.03 16.34 2.2% 47.34 2.72 7.87 3.1%

143.8%

56.1%

1.0% 25.0% 68.2% 0.9% -462.7% 67.4% 0.9% 40.5% 68.2% 40.5% 0.7%

- 0.25

29.67

3.6% 8.17 21.51 2.6% 1.27 22.77 2.7% 58.36 3.57 9.70 3.2%

161.7%

0.00 0.91

19.5%

65.13

0.4% -2.9% 28.0% 0.5% -113.1% 20.1% 0.3% 14.0% 28.2% 14.0% 0.6%

3.8% 16.10 49.03 2.9% 1.10 50.13 2.9% 124.90 8.15 20.75 7.2%

906.00 108.57 79.11 215.01 1308.69 120.21 8.4% 11.17 4.22 57.91

46.92

1.10 -4.34

41.47

2.9% 12.39 29.08 2.0% -0.40 28.68 2.0% 90.76 4.83 15.08 5.8%

16% 35% 13% 27% 19% 33% 0.9% 75% 5% 24%

37%

121%

57%

0.9% 30% 69% 0.8% 372.1% 75% 0.9% 38% 69% 38% 1.4%

1826.87 227.45 157.16 448.34 2659.82 261.58 9.0% 31.80 3.97 121.52

104.28

1.10 -2.81

100.36

3.4% 26.81 73.56 2.5% 2.11 75.67 2.6% 199.83 12.22 33.20 11.3%

* Not Annualized ** Not Annualized and adjusted for Capital work in progress.

YoY(%) 11%

QoQ (%) 6.1%

H1 FY 24 1333.51

H1 FY 23 1205.99

Q1 FY 24 647.08

Q2 FY 24 Q2 FY 23 634.03 686.43

5.5% 7.5% 2.8% 8.4% 5.9% 8.1% 0.2% -1.3% 0.1% 5.9% 10.4%

5.6% 18.8% 2.1% 11.6% 7.2% 20.7% 0.9% -31.8% 27.4% 6.9% 39.8%

439.97 45.12 27.11 70.96 583.15 50.87 8.0% 3.82 0.35 21.09 25.61 3.04

464.52 53.62 27.67 79.21 625.02 61.41 8.9% 2.60 0.45 22.54 35.82 -

440.40 49.88 26.92 73.07 590.27 56.81 8.8% 2.63 0.45 21.28 32.44 -

Profit & Loss Statement – Standalone (fig. in ₹ Crs) FY 22-23 YoY (%) Particulars Total Income 2409.76 8.3% Expenses Cost of materials Labour cost Personnel expenses Other expenses Total expenses EBITDA EBITDA % Finance costs Interest on lease liabilities Depreciation Profit before exceptional item and tax Exceptional item Profit after exceptional item and before tax (EBT) EBT % Tax Expenses Net profit Net Profit % Other comprehensive income Total comprehensive income Comprehensive Income % Cash Profit Earnings Per Share (EPS)* Cash Earning Per Share (CEPS)* * Return on Capital Employed - Adjusted*

904.92 103.50 54.59 152.28 1215.29 118.22 8.9% 4.65 1.48 43.82 68.26 -

1638.17 174.39 101.69 278.58 2192.82 216.95 9.0% 13.78 1.73 84.44 116.99 3.04

832.87 86.98 52.58 135.90 1108.32 97.66 8.10% 6.42 1.36 42.62 47.27 3.04

4.7% 30.17 83.78 3.5% -1.34 82.44 3.4% 168.22 13.92 27.95 13.0%

1.7% 36.8% 66.5% 1.4% 239% 67.1% 1.4% 33.2% 66.4% 33.2% 0.7%

3.7% 11.81 32.42 2.7% -0.61 31.81 2.64% 75.04 5.39 12.47 5.8%

0.2% -7.8% 17.2% 0.4% 33% 17.3% 0.4% 11.9% 17.3% 11.9% 0.4%

5.1% 16.97 51.29 3.8% 0.32 51.61 3.9% 95.11 8.52 15.80 7.3%

3.6% 5.95 16.62 2.6% 0.05 16.67 2.6% 37.71 2.77 6.26 3.1%

5.0% 8.83 23.62 3.6% 0.14 23.75 3.7% 44.90 3.92 7.46 3.4%

5.2% 8.14 27.68 4.0% 0.18 27.86 4.1% 50.22 4.60 8.34 3.8%

1.5% 44% 58% 1.2% 152% 62% 1.2% 27% 58% 27% 1.5%

9% 19% 4% 12% 10% 21% 0.8% -27% 9% 3% 44%

113.95

58.7%

10.4%

68.26

32.44

22.57

44.23

35.82

54%

* Not Annualized ** Not Annualized and adjusted for Capital work in progress.

Balance Sheet

Particulars

Application of Funds

(fig in ₹ Crs)

Consolidated

Standalone

30-Sep-2023 31-Mar-23 30-Sep-2023 31-Mar-23

Gross Fixed assets

1,976.83 1,858.47 1,121.24 1,081.14

Less: Acc. Depreciation

640.10 571.74 457.53 415.13

Net Fixed assets with CWIP

1,336.73 1,286.73 663.71 666.01

Non-current investments

43.83 42.92 218.84 195.71

Other non-current assets

47.65 52.49 20.01 23.21

Inventories

311.97 300.45 172.17 164.97

Trade receivables

421.90 355.36 348.17 293.01

Other Current Assets

105.46 117.44 41.64 36.19

Total Application of Funds

2,267.53 2,155.38 1,464.54 1,379.10

Sources of Funds

Share capital

60.19 60.19 60.19 60.19

Reserves and surplus

894.97 860.26 905.21 868.65

Shareholders' Funds

955.16 920.45 965.40 928.84

Minority Interest

4.81 4.46 -

Other Non-current liabilities

132.92 142.19 20.58 24.77

Long Term Secured Loans (A)

299.45 304.77 69.06 84.06

Short Term Loans (B)

258.59 242.66 33.13 36.06

Total Loans (A+B)

558.04 547.43 102.19 120.13

Current liabilities & Provisions

616.61 540.84 376.36 305.36

Total Sources of Funds

2,267.53 2,155.38 1,464.54 1,379.10

Ratios :

Current Ratio Debt Equity Ratio

0.96 0.99 1.37 1.45 0.58 0.59 0.11 0.13

 Credit Rating A1+ (ST) and AA- (LT) Re-Affirmed till Dec’23 (INDIA Ratings)

Cash Flow Statement (fig in ₹ Crs)

Particulars

Consolidated

Standalone

Sept'23

Mar'23

Sept'23

Mar'23

Cash Flows from Operating Activities Profit before tax Depreciation and amortization expense Other adjustments Operating profit before working capital changes Movements in working capital: Cash generated from operations Taxes Paid Net cash inflow from operating activities ( A ) Cash Flows from Investing Activities Capital Expenditure Purchase/Investments in joint ventures / subsidiaries (Purchase) / Proceeds from Sale of investments in Joint Other Reciepts Net cash used in investing activities ( B ) Cash Flows from Financing Activities Borrowings Proceeds /(Repayments) Payment of lease liabilities including lease interest Dividend Paid Interest paid Net cash flow used in financing activities ( C ) Foreign currency translation gain Net increase/(decrease) in cash and cash equivalents (A+B+C)

Opening Cash Balance Cash and equivalents at the end of the year

65.13 71.79 19.84 156.76 18.02 174.78 15.34 159.44

(120.71) (0)

- 2.28 (118.44)

10.61 (11.18) (15.08) (21.30) (36.95) 5.19

4.05

6.51 15.75

100.36 121.52 34.33 256.22 78.76 334.98 27.08 307.90

(256.65) (0) 0.73 8.38 (247.54)

26.94 (19.66) (13.57) (30.60) (36.89) (21.06)

23.47

4.10 6.51

68.26 43.82 3.29 115.38 11.29 126.67 14.68 112.00

(46.29) (23.13) - 2.97 (66.45)

(17.93) (4.50) (15.05) (5.39) (42.86) -

2.68

0.13 2.82

113.95 84.44 13.20 211.59 61.34 272.93 26.32 246.61

(60.19) (35.75) 0.73 8.19 (87.02)

(123.43) (9.38) (13.54) (13.34) (159.70) -

(0.11)

0.24 0.13

Sandhar’s EV Readiness and Product Profile

EV Products Under Development

DC-DC Converter

MCU

Off Board Charger

DC-DC Converter • Range: 5A, 10A, 15A, 20A • Non-isolated • Protections : I/P under & over voltage, O/P over current & short circuit, Reverse Polarity

• Auto Recovery from faults . •

IP67 compliant

Motor Controller Unit (MCU) • Range: 250W, 1.5kW, 2kW, 4kW,

6kW

• Suitable for: 2W, 3W & up to L5 • Efficiency: > 97% • Compactible to- BLDC, PMSM &

Induction Motor IP67 compliant

•

Off Board Charger • Range: 550W ,750W, 1.5 kW,

3.3 kW

• Max Charging Current: 14A,

25A & 55A

• Charging Voltage: 60V • Efficiency: > 92% • Compatibale to- Both NMC &

LFP Cell

DC-DC Converter Road MAP

2024

2026

10A & 15A 48V – 72V (Non-Isolated)

10A & 15A 48V – 72V (Isolated)

60A & 70A 48V – 72V (Isolated & Non- Isolated with CAN

20A & 30A 48V – 72V (Non-Isolated)

10A & 15A 48V – 72V (Isolated & Non-Isolated with CAN)

2023

2025

2027

Motor Controller Road MAP

2024

2026

Motor Controller with added Features

a) Smart Key System b) TPMS c) ASIL B Compliant

15KW to 100KW (400V to 800V)

250W to 6KW (48V/60V/72V)

Motor Controller With 96V

3in1 System

a) Motor Controller b) DC-DC Convertor c) Battery Charger

2023

2025

2027

Battery Charger Road MAP

2024

2026

550 &750 W 48V & 72V

3300 W 96 V & Above

Charging Station

3500 W & 1500 W 48V & 72V

6600W 96 V & Above

2023

2025

2027

THANK YOU

Sandhar Technologies Limited Corporate Office: Plot No. 13, Sector 44, Gurugram-122001, Haryana- India CIN: L74999DL1987PLC029553 Website: www.sandhargroup.com Email: investors@sandhar.in (For Retail Investors) Investor.relations@sandhar.in (For Institutional investors)

← All Transcripts SANDHAR Stock Page →

Sandhar Technologies Limited has informed the Exchange about Investor Presentation

Market Movers