S.J.S. Enterprises Limited has informed the Exchange about Investor Presentation
November 07, 2023
To,
National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra – Kurla Complex, Bandra (E), Mumbai -400 051
BSE Limited Corporate Relationship Department, 2nd Floor, New Trading Wing, Rotunda Building, P.J. Towers, Dalal Street, Mumbai – 400 001
Symbol: SJS
ISIN: INE284S01014
Dear Sir/Madam,
Scrip Code: 543387
Subject: Earnings Call Presentation of the Company pertaining to Q2 of FY 2023-24
In continuation with the Company’s letter dated November 01, 2023, pertaining to Intimation of schedule of Earnings call to be held on Wednesday, November 08, 2023, at 10:30 a.m. (IST) and pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the earnings presentation on the unaudited Financial Results of the Company for the quarter and half-year ended September 30, 2023.
Also, this presentation will be uploaded on the website of the Company at https://www.sjsindia.com/
Request you to kindly take the above on record.
Thank you,
Yours faithfully, For S.J.S. Enterprises Limited
_____________________ Thabraz Hushain W. Company Secretary and Compliance Officer Membership No.: A51119
Encl: As mentioned above.
SJS Enterprises Limited
Q2 & H1FY24 EARNINGS PRESENTATION
SJS| Disclaimer
Certain statements made in this presentation relating to the Company’s objectives, projections, outlook, expectations, estimates, among others may constitute ‘forward-looking statements’ within the meaning of applicable laws and regulations. Actual results may differ from such expectations, projections etc., whether express or implied. These forward-looking statements are based on various assumptions, expectations and other factors which are not limited to, risk and uncertainties regarding fluctuations in earnings, competitive intensity, pricing environment in the market, economic conditions affecting demand and supply, change in input costs, ability to maintain and manage key customer relationships and supply chain sources, new or changed priorities of trade, significant changes in political stability in India and globally, government regulations and taxation, climatic conditions, natural calamity, commodity price fluctuations, currency rate fluctuations, litigation among others over which the Company does not have any direct control. These factors may affect our ability to successfully implement our business strategy. The company cannot, therefore, guarantee that the ‘forward-looking’ statements made herein shall be realized. The Company, may alter, amend, modify or make necessary corrective changes in any manner to any such forward looking statement contained herein or make written or oral forward-looking statements as may be required from time to time on the basis of subsequent developments and events
Q2FY24 Earnings Presentation
Sep 2023
2
SJS| Today’s Presenters
K A JOSEPH Managing Director
SANJAY THAPAR CEO & Executive Director
MAHENDRA NAREDI Chief Financial Officer
DEVANSHI DHRUVA Head–Investor Relations
• Founded the company in 1987
• More than 34 years of
experience in aesthetics printing business
• Post graduate diploma in
business administration from the St. Joseph’s College of Business Administration, Bangalore; B.Sc from Bangalore University
• Over 30 years of experience in
the automotive industry
• Previously worked with Ashok Minda Group, Minda Valeo Security Systems, Minda HUF Limited, Tata Engineering and Locomotive Company Limited (now known as Tata Motors Limited)
• Bachelor’s degree in science
(mechanical engineering) from the Delhi College of Engineering
• 20+ years of experience in financial management, key accounting & financial analysis, FP&A, fundraising, M&As, legal & compliances, and strategy.
• Previously worked in Minda Corporation, Wipro & GE
• Bachelor’s degree in Law & Commerce from Rajasthan University, Chartered Accountant and Company Secretary from ICAI and ICSI
• Previously worked with Westlife
Development Limited (McDonald’s India) and Piramal Enterprises Limited managing Investor Relations. Earlier worked as Equity Research Analyst with Dolat Capital Markets Pvt. Ltd.
• PGDM – Finance from K J
Somaiya Institute; M.Com & B.Com (Accounting & Finance) from University of Mumbai
Q2FY24 Earnings Presentation
Sep 2023
3
SJS| Premium aesthetics products manufacturer Overview
Key Facts
Rs 2,804 Mn Revenue H1FY24
25.0% Adj.EBITDA margin H1FY24
4 Production facilities
(Bangalore, Pune, Manesar)
~2,400 Workforce
22 Countries served
175+ Customer locations (Mar’23)
6,700+ SKUs (FY23)
136 Mn Parts supplied (FY23)
Established market leader in an attractive business segment
Operates in the high value-add aesthetics market across multiple consumer-oriented end industries; increased focus on aesthetics and premium content creating opportunity throughout the component supply chain: SJS well-positioned to capitalize on the trends
Market leadership in India for Aesthetic Products
Differentiated, comprehensive product portfolio
Leading edge technologies and a wide product suite including decals, appliques/dials, overlays, logos/3D lux, aluminium badges, in-mold decoratives (IMD), optical plastics and lens mask covers for diverse applications
Demonstrated product portfolio expansion
Legacy of technology and innovation: in-house design / development
Strong in-house design and engineering capabilities and innovation track record across products, technologies and materials; history of new product development and successful commercialization supported by a dedicated R&D team
Long-standing core customer base consisting of leading OEMs
Partner, co-creator and supplier of choice to several leading OEMs in the automotive and consumer durables industry; dominant share of business in India and focused strategy to increase global presence
Well-invested, lean operations designed to support multi-fold revenue
New state-of-the-art manufacturing facility at SJS commissioned in 2018 to support future growth
Design-backed new product development
Entrenched customer relationships
Q2FY24 Earnings Presentation
Sep 2023
4
Q2 & H1FY24 Business & Financial Highlights
SJS| Q2FY24 Highlights
•
•
SJS automotive business (2W+PV) grew at 25.2% YoY, compared to (0.3%) YoY degrowth in auto industry production volumes during the quarter
Total Revenue at Rs 1,631.8 mn, 39.5% YoY growth, primarily on back of WPI addition
Cash & Cash equivalent stands at Rs 238.5 Mn as on 30th Sep’23
• • Net Debt at Rs 599.4 Mn on account of WPI acquisition
• Added Lear Corporation and other ODMs like Neolync, GDN Enterprises and Foxconn Technologies as new
customers to supply to telecom segment
• Mr. K. A Joseph won the SPAI FESPA1 - Lifetime Achievement Award, sponsored by Fujifilm Sericol India 2023
July’23 - SJS completed acquisition of 90.1% stake in Walter Pack India (WPI) for a consideration of Rs 2,393 Mn 6
Q2FY24 Earnings Presentation
Sep 2023
Note: 1) SPAI FESPA : Screen Printing Association of India – Federation of European Screen Printers Association
SJS| Outperforming the Industry Growth for 16th consecutive quarter
Q2FY24 - Industry Production Volume1 v/s SJS YoY Sales2
Industry SJS + Exotech SJS Consol (incl WPI)
8.4%
8.2%
(1.5%)
51.3%
12.4%
5.6%
25.2%
9.9%
39.5%
6.3%
(0.3%)
+
H1FY24 - Industry Production Volume1 v/s SJS YoY Sales2
11.5%
11.4%
(0.2%)
39.4%
17.9%
6.2%
22.2%
27.4%
9.8%
13.9%
0.9%
+
Note: 1) Industry Production Volumes are production in India; 2) For SJS YoY Sales it is Consolidated numbers
Q2FY24 Earnings Presentation
Sep 2023
7
SJS| Q2FY24 Business Highlights Strong growth story continues…
Growing Mega Accounts - Key Business Projects Won
Adding New Customers
(Chrome plated bezel)
GDN Enterprises of Optiemus Group
(Neolync, GDN Enterprises and Foxconn Technologies are suppliers to telecom segment)
Q2FY24 Earnings Presentation
8
Sep 2023
8
SJS| Awards & Achievements
Mr. K. A Joseph won the SPAI FESPA1 - Lifetime Achievement Award sponsored by Fujifilm Sericol India 2023 in appreciation of the yeoman service rendered in the industry with a visionary leadership and extraordinary achievements
Note: 1) SPAI FESPA : Screen Printing Association of India – Federation of European Screen Printers Association
Q2FY24 Earnings Presentation
Sep 2023
9
SJS | ESG Framework
EHS Policy • Compliance with Laws • Prevention of Pollution • Monitoring of Environmental
& Safety Performance • Continual Improvement
Sustainable Operations
• Material Management • Energy Management • Waste Reduction • Resource Efficiency
Human Capital
Employee Engagement
• • Diversity • Health & Safety • Collaboration
Inclusive Growth • Local Community • Customer Satisfaction • Product Quality • Training & Development
Risk Management
Stakeholder Management
• • Code of Conduct • Accountability • Business Principles • Adaptation of New Technologies
SOCIAL
ENVIRONMENTAL
GOVERNANCE
Ethical Business • Business Ethics • Regulatory Compliance • Anti-competitive behaviour • Economic performance
Q2FY24 Earnings Presentation
Sep 2023
10
SJS | CSR – Serving the Community
Improved lives of thousands of people across 20 villages by providing them hygienic environment to live in through our garbage cleaning initiative (of the 20 villages, added 8 villages during Q2)
Let’s Feed the Needy organization provides daily meals to people in need at various places like railway station, bus stand, roads, orphan centers etc and SJS supports this initiative in every manner
• SJS sponsors Mr. Kumar Manikandan, a paralympic athlete to
compete on global platforms since past 6 years
• He won a bronze medal at the IFSC Para climbing world
championship in Switzerland, August 2023
Children of migrant labour were provided education, books, reading & writing materials free of cost by Kumarappa Institute of Gram Swaraj whom SJS has been supporting since 7 years
Q2FY24 Earnings Presentation
Sep 2023
11
SJS| Consolidated P&L Performance (SJS + Exotech) Organic business performance
Particulars (INR in Mn) Operating Revenue
Adj. EBITDA2 Adj. EBITDA Margin %
Adj. PAT2 Adj. PAT Margin %
Q2FY24 Reported 1,243.3
Q2FY241 Q2FY23
YoY%
Q1FY24
QoQ% H1FY241 H1FY23
YoY%
1,243.3
1,169.4
6.3% 1,172.5
6.0% 2,415.7
2,201.1
9.8%
327.7 26.0%
194.6 15.7%
349.2 27.7%
209.7 16.9%
333.8 28.0%
199.5 17.1%
4.6%
5.1%
313.8 26.1%
180.0 15.4%
11.3%
16.5%
663.0 26.9%
389.7 16.1%
612.0 27.2%
361.6 16.4%
8.3%
7.8%
• Revenue growth was higher than the underlying industry growth
• Consistently maintaining strong EBITDA & PAT margins in organic business
• Adj. PAT impacted on account of lower Other Income which was Rs 23.5 Mn in Q2FY23 and Rs 16.8 Mn in Q2FY24, higher interest cost to the tune of Rs 11.1 Mn for WPI acquisition, as well as higher amortization costs for intangible assets post acquisition to the tune of ~Rs 28.9 Mn
Note: 1) Q2FY24 & H1FY24 excludes 90.1% consolidation for WPI; 2) Adjusted EBITDA & PAT excludes one-time expense of Rs 21.5 Mn for acquisition of WPI
Q2FY24 Earnings Presentation
12
Sep 2023
12
SJS| Consolidated P&L Performance (with WPI)
Particulars
(INR in Mn)
Q2FY24 Reported
Q2FY241 Q2FY23
YoY%
Q1FY24
QoQ% H1FY241 H1FY23
YoY%
Operating Revenue
1631.8
1631.8
1169.4
39.5%
1172.5
39.2%
2804.3
2201.1
27.4%
Adj. EBITDA2
377.2
398.7
333.8
19.4%
313.8
26.9%
712.5
612.0
16.4%
Adj. EBITDA Margin %
22.9%
24.2%
28.0%
26.1%
25.0%
27.2%
Adj. PAT2
193.1
208.1
199.5
4.3%
180.0
15.6%
388.2
361.6
7.3%
Adj. PAT Margin %
11.8%
12.8%
17.1%
15.4%
13.8%
16.4%
Note: 1) Q2FY24 & H1FY24 includes 90.1% consolidation for WPI; 2) Adj. EBITDA & PAT excludes one-time expense of Rs 21.5 Mn for acquisition cost of WPI
Q2FY24 Earnings Presentation
13
Sep 2023
13
SJS| Q2FY24 Financial Performance (Consolidated1)
Revenue growth better than industry…
39.5% YoY growth
19.4% YoY growth
4.3% YoY growth
• Revenue at Rs 1,631.8 Mn on account of 51.3% YoY growth in PV and 103.1% YoY growth in
consumer business - outperforming the underlying industry
• Adj. EBITDA2 at Rs 398.7 Mn, Adj EBITDA margins of 24.2%; excluding one-time acquisition
cost for WPI acquisition
• Adj. Net Profit2 at Rs 208.1 Mn, on a margin of 12.8% impacted on account of higher
amortization on intangible assets post WPI acquisition, lower other income, higher interest cost due to debt taken for WPI acquisition and temporary shift in sales mix at WPI during the quarter
• Overall domestic sales clocked 40.6% YoY growth; on back of 55.4%YoY growth in PV business
& 136.5% YoY growth in consumer business - outperforming the underlying industry
Q2 WPI margins impacted on account of model changeover at key customer leading to lower component sales and a temporary skew in sales mix. Tooling sales (lower margins) was significant part of WPI’s Q2 revenue
Note: 1) Q2FY24 includes 90.1% consolidation for WPI; 2) Adj EBITDA & PAT excludes one-time expense of Rs 21.5 Mn for acquisition cost of WPI
Q2FY24 Earnings Presentation
14
Sep 2023
14
SJS| H1FY24 Financial Performance (Consolidated1)
Picking up pace…
27.4% YoY growth
16.4% YoY growth
7.3% YoY growth
• Revenue at Rs 2,804.3 Mn, primarily grew on account of WPI acquisition
• Adj. EBITDA2 at Rs 712.5 Mn, Adj. EBITDA margins of 25.0%, excluding one-time acquisition
cost for WPI acquisition
• Adj. PAT2 at Rs 388.2 Mn, with a margin of 13.8%, impacted on account of higher amortization on
intangible assets of WPI, lower other income, higher interest cost due to debt taken for WPI acquisition and temporary shift in sales mix at WPI during the quarter
• Overall domestic sales clocked 25.4% YoY growth; on back of 51.1% YoY growth in PV & 50.2%
YoY growth in consumer business - outperforming the underlying industry
Note: 1) H1FY24 includes 90.1% consolidation for WPI; 2) Adj EBITDA & PAT excludes one-time expense of Rs 21.5 Mn for acquisition cost of WPI
Q2FY24 Earnings Presentation
15
Sep 2023
15
SJS| Consolidated Balance Sheet Performance
• Cash & Bank balance of ~Rs 238.5 Mn as on 30th Sep 2023
• Net debt as on 30th Sep’23 is Rs 599.4 Mn.
• Return ratios : ROE at 13.7% and ROCE at 17.9% ,impacted on account of
investments for WPI acquisition
Note: ROCE = EBIT /(Total Assets - Cash, Bank & Investments - Current liabilities) ROE = PAT /Shareholder’s Funds
Q2FY24 Earnings Presentation
Sep 2023
16
Future Growth Outlook
SJS| Development & Delivery of New Product Pipeline Remains at the Core of SJS (1/2)
Driven by premiumization, new age aesthetic products to drive realization increase across categories
Rs 1,200 - 1,500 Per vehicle
3 - 4x growth Per vehicle
Legacy Kit Value
Future Kit Value
SJS’ New Age Products (PV: Select Examples)
Wheel Cap/Aluminium Badges
IML interiors
Optical Plastic/ Touch Screen Cover Glass
✓ Exotech & WPI acquisitions have added chrome parts & IMD/IML/IMF parts - key ingredients in the design of modern PV’s
Q2FY24 Earnings Presentation
Sep 2023
18
SJS| Development & Delivery of New Product Pipeline Remains at the Core of SJS (2/2)
Driven by premiumization, new age aesthetic products to drive to realization increase across categories
Rs 300 - 500 Per vehicle
Legacy Kit Value
1.5 - 2x growth Per vehicle
Future Kit Value
SJS’ New Age Products (2W: Select Examples): Optical plastics/touch screens, aluminium logos, illuminated logos (WPI)
Rs 50 - 150 Per vehicle
Legacy Kit Value
3 - 4x growth Per vehicle
Future Kit Value
SJS’ New Age Products (CD: Select Examples): Optical plastics/touch screens, IMD/IML overlays, printed electronics (WPI)
Q2FY24 Earnings Presentation
Sep 2023
19
SJS| Organic growth expected at ~20-25% CAGR, with best-in-class margins
Strategy for organic growth over FY24-26
Exports : Increasing global presence • Penetrate deeper in existing geographies and enter new geographies
• Strong focus on expanding presence in ASEAN
• Strengthening our sales force in Turkey, Brazil, Argentina and Columbia and exploring similar opportunities in other countries
Products : Focus on development of new technologies & advanced products •
Intend to develop and introduce Illuminated logos, In Moulded Electronic (IME) parts and other new gen technologies
• Continue to build capabilities to innovate & develop new products & increase application of products across industries
Key Customers : Growing mega accounts
• Building mega accounts with existing customers by expanding the array of products
•
Increase customer base by marketing existing products to new customers and explore cross selling opportunities between SJS and Exotech
Chrome Plating : Increase chrome plating capacity through debottlenecking and partnerships
•
Increasing capacity at the existing plant through debottlenecking and partnering with external chrome plating manufacturers
• Greenfield chrome plating expansion plan to be finalized in CY24 after assessing synergies with neighbouring WPI plant
Q2FY24 Earnings Presentation
Sep 2023
20
SJS| Inorganic Growth Expected to Boost Organic Growth Trajectory Merger & Acquisitions is a Key Pillar for growth
Identify New Targets
Integration
Improve Performance
Sustaining Performance
Plan for next phase of growth
SJS will continue to explore new opportunities for value accretive acquisitions
• WPI – WPI was acquired in
July’23. It is a great strategic fit for SJS and is still in integration stage
• Exotech – SJS showed remarkable execution with revenue growth of 2x and margin improvement of ~300 bps from FY21 to FY23, within 2 years of acquisition
Build capability in adjacent / new aesthetic product categories Identified key product categories to enter / expand presence which include: • • •
IMD / IML IME (In-Mould Electronics) Plastic injection moulding
Expand presence in consumer related industries Enter new segments and expand presence in other consumer related industries targeting • Appliance manufacturers • Consumer electricals
Enter new geographies / OEMs for chrome plating • Expand presence in chrome plating (largest
segment) and increase cross selling opportunities
• Overcome logistics cost as bulky parts • Provides direct entry into OEMs to support
cross selling opportunities
Q2FY24 Earnings Presentation
Sep 2023
21
SJS| FY24 Outlook
▪ SJS will continue to outperform the industry with gradual recovery in exports and domestic 2W markets
▪ SJS expects near 45% YoY revenue growth on account of expected recovery in 2W, PV, Consumer Durables and Exports
▪ Premiumisation + New Customer Wins + Exports + WPI Acquisition = Higher than industry sales growth for SJS
▪ High visibility : Current order book to be executed in FY24 is over 90% of FY24 forecasted revenue
▪ SJS expects WPI acquisition to be EPS accretive. WPI technology significantly increases TAM for SJS
▪ Robust margin profile of businesses to drive PAT growth of ~30% YoY for FY24 (excluding higher amortization cost on intangible
assets and one time acquisition costs) as we balance higher growth with margins
H1FY24 Performance (INR Mn)1
YoY Growth %
Revenue
Adj. EBITDA2
Adj. EBITDA margin
Adj. PAT2
Adj. PAT Margin
2,804.3
712.5
25.0%
388.2
13.8%
27.4%
16.4%
7.3%
• Continue to maintain EBITDA margins
• Cash and equivalents stands at Rs 238.5 Mn and net debt at Rs 599.4 Mn as on 30th Sep’23
Note: 1) H1FY24 includes 90.1% consolidation for WPI; 2) Adjusted EBITDA & PAT excludes one-time expense of Rs 21.5 Mn for acquisition cost of WPI
Q2FY24 Earnings Presentation
Sep 2023
22
Q2FY24 Earnings Call Invite
SJS Enterprises Limited
SJS Enterprises Limited (BSE: 543387) announced its results for the quarter ended June 30, 2023, on July 26th, 2023. Following the announcement, the management team will host a conference call for investors and analysts on November 8th, 2023, at 10:30 AM IST. The call will commence with a brief discussion on the previous quarter’s performance followed by an interactive question and answer session. Call details are below:
Date
Time
8th November, 2023
10:30 AM IST | 01:00 PM HK/SG | 05:00 AM UK (London) | 01:00 AM EST USA
Duration
60 minutes
Universal Dial in
+91 22 6280 1366 | +91 22 7115 8267
International Toll Free
HK: 800 964 448 | SG: 800 101 2045 | UK: 0 808 101 1573 | USA: 1 866 746 2133
Diamond Pass Link
Diamond Pass Link:
Note: Please dial in at least 10 minutes prior to the schedule to ensure that you are connected in time. Audio and transcript will be available with in ten working days after the call on Investors page of company website (www.sjsindia.com).
For further information, please contact: Devanshi Dhruva | devanshi@sjsindia.com
Q2FY24 Earnings Presentation
Sep 2023
23
THANK YOU
IR Contact Ms. Devanshi Dhruva | Head - Investor Relations devanshi@sjsindia.com
Appendix
SJS| Longstanding history of design backed manufacturing excellence Evolution into a leading design and aesthetics focused business
2023
Walter Pack India Acquired 90.1% stake in WPI. Focused on IMF, IML, IMD and IME technologies for automotive and appliance sectors
2021
Exotech Plastics Acquisition completed to further complement product suite with addition of chrome products
2019-20
Introduced premium / technologically advanced products (formed dials, Optical plastics, lens mask assemblies) and expanded PV customer base with new product range
2018
New manufacturing facility commissioned with 225,000 sq.ft. area and significant capacity boost
2015-17
Entry into new product lines - IMD parts, aluminum & electro formed badges
2015
Everstone Capital acquired a majority stake; exit by Serigraph
Q2FY24 Earnings Presentation
Sep 2023
26
2010-14
New product addition in premium segment – 3D Lux etc.
2006
Joint Venture with Serigraph, a US based commercial printing player
1987 SJS founded by three entrepreneurs
SJS| Diverse Product Portfolio…(1/3)
Decals & Body Graphics
2D Appliques & Dials
3D Appliques & Dials
Overlays
Q2FY24 Earnings Presentation
Sep 2023
27
SJS| Diverse Product Portfolio…(2/3)
Aluminium Badges
Domes
3D Lux Badges
Aftermarket – “Transform”
Q2FY24 Earnings Presentation
Sep 2023
28
SJS| Diverse Product Portfolio…(3/3)
Lens Mask Assembly
Optical Plastics
Chrome plated parts (Exotech)
IMLs / IMDs (SJS & Walter Pack India)
Q2FY24 Earnings Presentation
Sep 2023
29
SJS| Superior financial metrics and resilient business model
Revenue from Operation (INR Mn)
EBITDA (INR Mn) and EBITDA Margin (%)
5000.0
4000.0
3000.0
2000.0
1000.0
0.0
4330.5
3698.6
2372.6
2161.7
2516.2
FY 19
FY 20
FY 21
FY 22
FY 23
1,500.0
1,000.0
500.0
-
31.0%
31.2%
26.7%
643.2
686.1
797.0
985.3
26.3%
1,167.8
26.4%
FY19
FY20 EBITDA
FY21 Margin
FY22
FY23
32.0%
30.0%
28.0%
26.0%
24.0%
22.0%
PAT (INR Mn) and PAT Margin (%)
ROCE (%)
800.0
600.0
400.0
200.0
-
18.7%
18.7%
15.6%
14.9%
15.5%
376.0
412.9
477.6
550.2
672.5
FY19
FY20
FY21
FY22
FY23
PAT
Margin
20.0%
15.0%
10.0%
5.0%
0.0%
35 30 25 20 15 10 5 0
Note: FY22 and FY23 figures consolidated for SJS and Exotech (Reported financials)
28.3
26.4
31.6
27.1
33.1
FY 19
FY 20
FY 21
FY 22
FY23
Q2FY24 Earnings Presentation
Sep 2023
30
SJS| Experienced & Qualified Board Team
K A Joseph Managing Director – Promoter & Co-founder ❖ Over 34 years of experience in aesthetics printing business ❖ Leads the manufacturing operations for SJS and has spear-
headed technological and product innovation over the years
❖ Also, a Director on the board of Exotech
Ramesh Chandra Jain Non-Exec Chairman & Independent Director ❖ Worked for 25 years in Eicher & retired as group vice
chairman
❖ Received the Society of British Aerospace Companies Prize in Aircraft Production ,1972-73 from the Cranfield University
Sanjay Thapar Executive Director and CEO ❖ Over 30 years of experience in the auto industry ❖ Previously Group Chief Strategy Officer with Ashok Minda
Group; MD of Minda Valeo Security Systems
Kevin K. Joseph Executive Director ❖ Holds a bachelor’s degree in mechanical engineering ❖ Previously worked with Tata Elxsi Limited as a senior design
engineer
Matthias Frenzel Non-Executive & Independent Director ❖ Previously worked with Visteon Electronics Germany GmbH,
S-Y Systems Technologies Europe GmbH and Johnson Controls GmbH
Veni Thapar Non-Executive Independent Director ❖ Presently a partner of V K Thapar & Company, Chartered
Accountants
❖ Was on the board of Bank of India as a part-time, non-official
director under the CA (1) category
I
S R O T C E R D F O D R A O B
Note: (1) Chartered Accountant
Q2FY24 Earnings Presentation
Sep 2023
31
SJS| Experienced Professional Management Team
MAHENDRA NAREDI Chief Finance Officer, SJS
• 20+ years of experience in financial management, key accounting & financial analysis, FP&A, fundraising, M&As, legal & compliances and strategy
• Previously worked in Minda Corporation, GE and Wipro • Bachelor’s degree in Law & Commerce from Rajasthan University. Chartered Accountant and Company Secretary from ICAI and ICSI
SADASHIVA BALIGAR Chief Operation Officer, SJS
• 25+ years of experience in operations roles across the
automotive industry
• Previously worked with Motherson
Automotive Technologies, Toyota Kirloskar Auto Parts & Automotive manufacturers SDN BHD (Malaysia)
• Holds a bachelor’s degree in mechanical engineering from
the University of Mysore
R. RAJU Chief Marketing Officer, SJS
ROY MATHEW Executive Director, Walter Pack India
• 23+ years of experience in the field of marketing • Previously worked with ITW India, ITW Signode India, etc. • Holds a diploma in mechanical engineering from the Thiagarajar Polytechnic, Salem, and a post graduate diploma in marketing management and a masters degree in business administration
• Founder Walter Pack India in 2006 in collaboration with Walter Pack Spain; Extensive experience in various plastic technologies like IMF, IMD, Injection moulding, lighting etc. • Prior to founding WPI, Roy worked with firms including Lumax Industries Ltd. & Tek electromechanicals Pvt. Ltd. • Holds an engineering degree in plastic tools engineering
Q2FY24 Earnings Presentation
Sep 2023
32