Minda Industries Limited has informed the Exchange regarding Investor Presentation
Minda Industries Ltd. Result Update Presentation – Q3FY19
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Safe Harbor
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This presentation and the accompanying slides (the “Presentation”), has been prepared by Minda Industries 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 and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the auto ancilliary 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.
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Quarterly Update Presentation
Financial Highlights
Revenue (Rs. Cr)
EBITDA (Rs. Cr)
PAT* (Rs. Cr)
Margin (%)
Quarter 3
+39%
1,470
+43%
180
1,056
126
+31%
61
79
12.0%
12.3%
5.8%
5.4%
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EBITDA
PAT
Q3 FY18
Q3 FY19
Q3 FY18
Q3 FY19
Q3 FY18
Q3 FY19
Q3 FY18
Q3 FY19
9M
+43%
4422
+48%
540
3100
364
+41%
173
244
11.8%
12.2%
EBITDA
PAT
5.6%
5.5%
9M FY18
9M FY19
9M FY18
9M FY19
9M FY18
9M FY19
9M FY18
9M FY19
* PAT = Net profit/(loss) before share of profit/(loss) of associates / joint ventures/minority
Revenue Bridge
3 r e t r a u Q
1,056
179
27
24
8
59
7
5/12
1,470
110
Q3 FY18
MRPL (SW)
MIL Standalone ( SW + L)
MKAWL (OTH)
MJCL (OTH)
Rinder(L)
MDSL
MITIL + OTH
Q3 FY19
182
105
49
115
61
199
4,422
M 9
3,100
611
9M FY18
MRPL (SW)
MIL Standalone ( SW + L)
MKAWL (OTH)
MJCL (OTH)
Rinder(L)
MDSL
MITIL + OTH
9M FY19
SW: SWITCH, L: LAMP, OTH: OTHERS SW: SWITCH, L: LAMP, OTH: OTHERS
* Revenue is Net of Excise
Improving Dividend Profile
6/12
Dividend as % of Face Value (Adjusted for Bonus)
47%
Interim Dividend
37%
20%
23%
23%
10%
10%
FY13
FY14
FY15
FY16
FY17
FY18
FY19
Board of Directors has declared an Interim dividend of Rs. 0.45 per share (Post Bonus) v/s Rs. 0.40 of Interim Dividend per share in FY 17-18
Q3 Division Wise Revenue & EBITDA Mix
Revenue
Q3 FY18
27.2%
29.5%
15.5%
EBITDA
Q3 FY18
27.8%
23.7%
Q3 FY19
36.3%
29.3%
11.5%
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Switches
Lighting
22.9%
Q3 FY19
Acoustics
33.3%
45.3%
40.9%
Others
19.6%
11.4%
* Revenue is Net of Excise
7.0%
18.8%
9M Division Wise Revenue & EBITDA Mix
Revenue
9M FY18
9M FY19
26.3%
30.8%
27.5%
39.0%
8/12
Switches
Lighting
12.0%
21.5%
9M FY19
Acoustics
38.7%
Others
36.8%
7.4%
17.1%
15.6%
EBITDA
9M FY18
44.6%
27.3%
24.9%
20.2%
10.3%
* Revenue is Net of Excise
Revenue Mix – Q3 & 9M FY19
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Geography-wise Breakup
Channel-wise Breakup
Segment -wise Breakup
15%
13%
3 r e t r a u Q
M 9
50%
50%
85%
87%
India
International
OEM Replacement
2/3 W 4 W
16%
11%
53%
47%
84%
India
International
* Revenue is Net of Excise
89%
OEM Replacement
2/3 W 4 W
Consolidated Profit & Loss Statement
10/12
Particulars (Rs. Cr)Q3 FY19Q3 FY18YoY %Q2 FY19QoQ %9M FY199M FY18YoY %Revenue from Operations (Net of Excise)1,470.11,056.239%1521.7-3%4421.63099.743%Raw Material903.4647.3937.62723.51917.9Employee Cost 204.9141.4195.3588.8410.3Other Expenses181.4141.1199.5569.5407.2EBITDA180.4126.443%189.3-5%539.8364.348%EBITDA Margin 12.27%11.97%12.44%12.21%11.75%Other Income2.77.74.814.021.0Depreciation60.842.056.1166.2116.0EBIT122.392.133%138.0-11%387.6269.344%EBIT Margin 8.32%8.72%9.07%8.77%8.69%Finance Cost14.57.015.142.721.2Profit before Share of Profit/Loss of JVs and Tax107.885.127%123.0-12%344.9248.139%PBT Margin7.33%8.05%8.08%7.80%8.00%Tax28.324.338.7100.775.2Profit before Share of Profit/Loss of JVs79.460.831%84.2-6%244.2172.941%Share of Profit/Loss of JVs1.95.34.610.518.0Net profit/(loss) after share of profit/(loss) of associates / joint ventures (A)81.366.123%88.8-8%254.7190.933%PAT Margin %5.53%6.26%5.83%5.76%6.16%PAT attributable to:- Owners of MIL69.459.517%72.7-5%212.1174.721%- Non Controlling Interests12.06.616.142.616.2Other Comprehensive Income-3.5-2.84.43.3-1.0Total Comprehensive Income for MIL65.856.716%77.1-15%215.4173.824%TCI Margin %4.48%5.37%5.07%4.87%5.61%Total Comprehensive Income for Non Controlling Interests 11.96.616.242.716.2 Consolidated Balance Sheet (30th September 2018)
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ASSETS Non-current assets Property, plant and equipment Capital work-in-progress Other intangible assets Intangible assets under development Goodwill on Consolidation Financial assets
Investments
(i) (ii) Loans (iii) Others
Deferred tax assets (net) Other tax assets Other non-current assets Sub-total - Non-Current Assets Current assets Inventories Financial assets
(i) Trade receivables (ii) Cash and cash equivalents (iii) Bank balances other than Cash and Cash
equivalents above
(iv) Loans (v) Other financial assets
Other current assets Sub-total - Current Assets TOTAL - ASSETS
30th Sept., 2018 31st Mar., 2018
EQUITY AND LIABILITIES
30th Sept., 2018
31st Mar., 2018
1,426.0 134.3 46.5 22.5 166.1
334.6 17.6 4.3 7.4 32.8 63.8 2,255.9
570.1
983.0 100.7
8.9
4.0 34.3 153.3 1,854.2 4,110.1
1,199.4 192.1 39.3 18.7 111.8
155.2 14.5 16.8 18.6 31.2 40.4 1,838.0
417.5
789.7 125.6
33.9
1.6 18.0 140.7 1,527.1 3,365.1
Equity
Equity Share capital
Other equity
Non-Controlling Interest
Sub-total - Shareholders' funds
LIABILITIES
Non-current liabilities
Financial liabilities
(i) Borrowings
(ii) Other financial liabilities
Provisions
Sub-total - Non-current liabilities
Current liabilities
Financial liabilities
(i) Borrowings
(ii) Trade payables
(iii) Other financial liabilities
Other current liabilities
Provisions
Current tax liabilities (net)
Sub-total - Current liabilities
TOTAL - EQUITY AND LIABILITIES
52.4
1,535.2
243.5
1,831.1
437.9
81.0
74.6
593.5
404.2
979.5
184.4
96.6
20.9
-
1,685.5
4,110.1
17.4
1,374.3
211.0
1,602.7
240.0
51.5
103.8
395.3
302.8
798.4
155.4
91.8
14.8
3.8
1,367.1
3,365.1
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For further information, please contact:
Company :
Investor Relations Advisors :
Minda Industries Ltd. CIN : L74899DL1992PLC050333 Mr. Tripurari Kumar DGM Strategy & Finance tripurarik@mindagroup.com
Strategic Growth Advisors Pvt. Ltd. CIN : U74140MH2010PTC204285 Mr. Jigar Kavaiya +91 99206 02034 jigar.kavaiya@sgapl.net
www.unominda.com
www.sgapl.net