Suprajit Engineering Limited has informed the Exchange regarding Investor Presentation
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Supraiit Eng] D ee ““3 Bengaluru - 560 099. Tel: +91 -80-43421 100, Fax: +91 -80-27833279 lelted
E-mail: info@suproiil.com Web : hh‘p://www.suprojil.com Corporate Identity Number (CIN) : L29199KAI 985PLC006934
Registered & Corporate Office : #100, Bommasandra Industrial Area,
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Ref: 532509
BSE Limited
Department of Corporate Services P. J. Towers, 25th Floor, Dalai Street, Mumbai- 400 001
Ref: SUPRAJIT
National Stock Exchange of India Ltd Exchange Plaza, C-1, Block-G, Bandra Kurla Complex, Bandra (E) Mumbai- 400 051
May 28, 2019
Dear Sirs,
Sub: Investor Presentation
Please find enclosed Investors’ Presentation, which may be presented to various investors, analysts while meeting and also while attending investor conferences, if any, from time to time. This presentation is also available in our website.
This is for your Information and records.
This may be considered as compliance under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Thanking you,
Yours faithfully, For SUPRAJIT ENGINEERING LIMITED
C .
\DDCV A
Medappa GowdaJ CFO & Company Secretary
Encl: as above
Marching Ahead with Confidence…
Investors’ Presentation
May 2019
Overview
1
2 2
3
Core business, Group and Organization structure
Customer Profile Customer Profile
4
5 5
Financials.
Milestones, Strengths and Accolades Accolades
Strategy – Suprajit 2.0
A Global Leader in Control Cables and Halogen Lamps
2
Core Business, Group and Organization Structure Organization Structure
A Global Leader in Control Cables and Halogen Lamps
3
Exhaustive Range of Cables…
(cid:1) Park Brake Cables (cid:1) Clutch Cables (cid:1) Starter Cables (cid:1) Throttle Cables (cid:1) Door Latch Cables (cid:1) Push-Pull Cables (cid:1) Mirror Cables (cid:1) Tail Gate Cables (cid:1) Gear Shifter Cables (cid:1) Tyre lifting Cables (cid:1) Fuel Filler cables (cid:1) Hood Lock & Release Cables Hood Lock & Release Cables (cid:1) Window Regulator Cables (cid:1) Cables for Seat Belts (cid:1) Seat Belt & Recliners Cables (cid:1) Speedometer & Tachometer Cables (cid:1) Seat lock Cables (cid:1) Engine stop Cables (cid:1) Idle Cable Assembly (cid:1) Flexible Drive Assembly (cid:1) And many more…
Indicative List of Our Products Used in a 4W
Indicative List of Our Products Used in a 2W & Nonautomotive
A Global Leader in Control Cables and Halogen Lamps
4
..and Halogen Bulbs.
A Global Leader in Control Cables and Halogen Lamps
5
Best in class facilities
(cid:2) World-class manufacturing with operations IATF 16949 certified.
(cid:2) Global standards in manufacturing, testing and quality assurance.
(cid:2) Vertical process integration for key processes and optimized supply chain.
IATF16949 Plants
A Global Leader in Control Cables and Halogen Lamps
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Suprajit Group Stucture
Suprajit Engineering Limited
100%
Suprajit Europe (SEU)
Suprajit Automotive (SAL)
Suprajit USA, Inc
Suprajit Foundation (CSR Arm)
Phoenix Lamps Division (3 plants) (Erstwhile Phoenix Lamps Limited, merged with Suprajit recently)
100%
100%
100%
Wescon Controls LLC (2 plants)
Luxlite Luxembourg
Trifa Germany
A Global Leader in Control Cables and Halogen Lamps
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Leadership team
K. Ajith Kumar Rai Founder & Chairman
N.S.Mohan Managing Director
Medappa Gowda J CFO & CS
Ashutosh Rai Head - STC
Financial Controller
A Global Leader in Control Cables and Halogen Lamps
CS
8
Group overview
(cid:2) Top 3/ 5 in cables / halogen lamps. (cid:2) Dominant supplier in Indian Automotive Industry. (cid:2) Preferred Supplier to both Domestic and Overseas Customers (OEMs and
Aftermarket).
(cid:2) Exports to 50+ countries. (cid:2) Strong presence in nonautomotive cables in US/North American markets
through Wescon. through Wescon.
(cid:2) Strong Brands: Suprajit, Wescon and Phoenix.
A Global Leader in Control Cables and Halogen Lamps
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Customer Profile
Customers - automotive
A Global Leader in Control Cables and Halogen Lamps
11
Customers – 2 wheeler
A Global Leader in Control Cables and Halogen Lamps
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Customers – Non automotive
A Global Leader in Control Cables and Halogen Lamps
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Customers (> US$ 3 million)
Hero Moto Corp
TVS Motor
Bajaj Auto
Honda Group
John Deere Group John Deere Group
BMW
MTD
Yamaha
Toro
VW Group
Lumax
M&M
Magneti Mareli
Royal Enfield
Ford
Piaggio
Renault Nissan
Husqvarna
A Global Leader in Control Cables and Halogen Lamps
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Strategy – Suprajit 2.0 Strategy – Suprajit 2.0
Strategy – Derisk & Grow Profitably
1985 Single Segment
Two wheeler
Three wheeler
Four wheeler, CVs
Non-Auto, Exports Aft-mkt
2019 Multiple Segments
Single Customer
TVS Motor Company
Bajaj Hero Honda Yamaha
Tata Motors, Swaraj Mazda, Eicher Motors
German, Japanese and NA 4W OEMs, domestic 4W OEMs
John Deere Kubota
Multiple Customers
Single Product
Mechanical Control Cables
Single Location
Karnataka
Speedo- meters, other auto components
Multiple States
Cable based assemblies
Automotive Halogen Lamps
Multiple Products
Karnataka Maharashtra Gujarat Haryana
Uttarakhand Rajasthan Tamil Nadu Uttar Pradesh
UK , US, Germany, Luxembourg, Mexico
Multiple Locations
Single Brand
Multiple Brands
Aggressive Capacity Expansion Strategic Acquisitions – Shah Concabs, Gills Cables, Pricol (Cables), Phoenix, Wescon
A Global Leader in Control Cables and Halogen Lamps
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Strategy – 3 brands
Suprajit Engineering Automotive Cables
Phoenix Lamps Halogen Lamps
Wescon Controls Non-Automotive cables
•14 manufacturing facilities in India including EOU for non- India including EOU for non- automotive.
–
• SAL automotive
EOU facility
for
• SEU - Tamworth, UK.
Tech
Centre
in
• 3 manufacturing facilities in India. India.
• Manufacturing Wichita, Kansas, USA. Wichita, Kansas, USA.
facility
in
• 2 facilities in Germany and Luxembourg.
• 1 Maquiladora Juarez, Mexico.
facility
in
• Acquired by Suprajit in May 2015 and merged with Suprajit in August 2017
• Acquired by September 2016.
Suprajit
in
• Over 70 years of expertise in cables & controls.
• Over 30 years of expertise in cables.
• Over 25 years of expertise in Halogen Lamps.
A Global Leader in Control Cables and Halogen Lamps
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Global Footprint
Global Footprint
Plants Plants Plants Plants
India
UK
US
Mexico
17
1
1
1
Suprajit - India: • Headquarters, • Tech Centre • Global Manufacturing Hub •14 Strategically located plants
A Global Leader in Control Cables and Halogen Lamps
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Financials Financials
Capacities
Cable Capacity
(In millions)
0 0 2
0 0 0 0 8 8 8 8 1 1 1 1
5 7 1
0 0 0 0 4 4 4 4 1 1 1 1
7 7 7 7 5 5 5 5 1 1 1 1
0 5 1
5 5 5 5 2 2 2 2 1 1 1 1
0 4 1
5 5 5 5 1 1 1 1 1 1 1 1
5 2 1
0 0 0 0 0 0 0 0 1 1 1 1
5 0 1
0 0 0 0 9 9 9 9
0 8
6 6 6 6 6 6 6 6
0 5 2
0 5 2
2 2 2 2 1 1 1 1 2 2 2 2
* 0 5 2
5 5 5 5 2 2 2 2 2 2 2 2
300
250
200
150
100
50 50
0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Cables Produced
Cable Capacity
* Capacity expansion plan (Cables )– 325 million
2019- Bulbs Capacity - 87 million / Utilized Capacity – 60 million
Revenue Split
Bulbs, 18%
FY 18-19
Cables, Cables, 82%
A Global Leader in Control Cables and Halogen Lamps
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Robust Finanicals (Group)
Robust growth in net sales…
(USD Mn)
4 . 0 3 3 2 . 4 7 1
1 . 7 6
2 . 0 5
9 . 9 2
7 . 8 8
…high EBIDTA …
7 . 3 3 3 . 9 2
...and high net profit
4 . 9 5 1 . 6 1
2 . 1 1 1
.
0 . 4 1
3 8 . 4
8 . 8 6 . 4
3 . 7
3 . 1
FY09 FY11 FY13 FY15 FY17 FY19
FY09 FY11 FY13 FY15 FY17 FY19
FY09 FY11 FY13 FY15 FY17 FY19
supported by low Long Term Liabilities / Equity...
resulting in exceptional ROCE…
….and high EBIDTA margins
5 5 . 0
6 4 . 0
5 4 . 8 0 3 . 0
7 2 . 0
1 2 . 0
% 3 . 6 % 2 0 3 . 0 2
% 1 . 6 3
% 8 . 2 3
% 7 . 1 2
% 8 . 2 2
% 2 . 6 1
% 7 . 5 1
% 6 . 6 1
% 9 . 4 1
% 6 . 4 1
% 2 . 3 1
FY09 FY11 FY13 FY15 FY17 FY19
FY09 FY11 FY13 FY15 FY17 FY19
FY09 FY11 FY13 FY15 FY17 FY19
A Global Leader in Control Cables and Halogen Lamps
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Segmental and Geographic Synergies
i
e s w - y r o g e t a C
e s i w - y h p a r g o e G
1%
2.5%
21%
21%
22%
22%
FY 01-02
96,5%
21%
FY 17-18
FY 18-19
21%
36%
36%
Automotive Automotive
2-wheeler 2-wheeler
Aftermarket Aftermarket
Non-automotive Non-automotive
1%
FY 01-02
99%
59%
FY 17-18
41%
59%
FY 18-19
41%
Global
Domestic
A Global Leader in Control Cables and Halogen Lamps
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Milestones, Strengths and Accolades Milestones, Strengths and Accolades
A Global Leader in Control Cables and Halogen Lamps
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Key milestones in our journey
• Listing of shares in NSE and BSE • • Acquisition of Shah Concabs – 4W
India’s largest cable marker
cable competitor
• Plants in Bangalore, Manesar and
Chakan ‘Enterprise of the state’ award by KSFC
•
0 1 - 6 0 0 2
5 9 - 5 8 9 1
• Commencement of
operations
• Consolidating position as established global
mechanical cable marker; diversifying and de- risking revenue profile
• New plant at SAL, Bangalore and Pathredi • Acquisition of Speedo cable business (4W
business) of Pricol
• Acquisition of Phoenix Lamps Limited • Acquisition of Wescon Controls, Wichita, USA. • Launched two new plants in Chennai and Sanand • Launched capex of Rs.100 crores to expand cable
capacity to 300 million with 2 new plants.
• Two new cable plants in
Bangalore
5 8 9 1
(cid:2) (cid:2) (cid:2)
5 acquisitions – 4 in cable space. Proven track record of integration Strong Organic growth
5 0 0 2 - 6 9 9 1
• New plants in Pantnagar, Haridwar and
Manesar
• 100% EOU for non-automotive cables in
Bangalore
• Best Enterprise of the State Award by
Karnataka State
• Twin Awards by CNBC/ICICI/CRISIL- SME of
the year & Auto Ancillary of the year
• Acquisition of CTP Gills Cables, one of the oldest cable companies with marquee global customers – now renamed as Suprajit Europe
8 1 - 1 1 0 2
A Global Leader in Control Cables and Halogen Lamps
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Suprajit Strengths
(cid:2) Mass manufacturer with competitive cost advantage. (cid:2) High productivity and low overhead costs. (cid:2) Excellent customer rapport. (cid:2) A proprietary class `B’ item, giving a strategic relationship advantage. (cid:2) Best in-class manufacturing system. (cid:2) Excellent R&D system. (cid:2) Best supply chain footprint for customer requirements. (cid:2) Best in class testing facilities. (cid:2) Ability to setup modular capacities at low capex for dynamic growth. (cid:2) Industry beating operational and financial costs. (cid:2) Excellent management team, motivated and focused. (cid:2) “Value for money supplier” with best QCDD rating.
A Global Leader in Control Cables and Halogen Lamps
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Awards and recognitions
s s n n o o i i t t i i n n g g o o c c e e r r d d n n a a
s s d d r r a a w w a a
r r e e m m o o t t s s u u C C
(cid:3) Volkswagen – ‘A’ Grade Supplier Award, Quality Performance Award.
(cid:3) Honda Motor Cycles and Scooters – Quality and Delivery Achievement Award.
(cid:3) General Motors - Supplier Quality Excellence Award (3 years in a row).
(cid:3) John Deere – Accelerated Global Sourcing Award.
(cid:3) Brose Key Supplier Award.
(cid:3) Bajaj Auto Limited – TPM Excellence Award.
(cid:3) Tata Motors – Green Card for ‘0’ PPM.
(cid:3) Hero MotoCorp Limited – Direct Online Supply (DOL) Award.
(cid:3) Bajaj Auto Limited - Quality Consistency Gold Award.
(cid:3) Yamaha - Cost Reduction & VA/VE activity award. (cid:3) Yamaha - Cost Reduction & VA/VE activity award. - A grade excellence Award.
(cid:3) TVS, Bajaj and Mahindra – various Awards.
(cid:3) And many more….
r e h t O
s d r a w A
(cid:3) 1995 (cid:3) 2006
(cid:3) 2007 (cid:3) 2010 (cid:3) 2017
KSFC: Entrepreneur of the year for the promoter
CNBC/ICICI/CRISIL: SME of the year
Auto Ancillary of the year
NASSCOM: Best IT user Award in Automotive Sector
KSFC: Outstanding Enterprise of the State.
BMA – Entrepreneur of the Year.
A Global Leader in Control Cables and Halogen Lamps
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250 Million Cables
87 Million Halogen Lamps
One Goal
Customer Satisfaction
A Global Leader in Control Cables and Halogen Lamps
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THANK YOU
www.suprajit.com
A Global Leader in Control Cables and Halogen Lamps
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