UNOMINDANSE16 May 2019

Minda Industries Limited has informed the Exchange regarding Investor Presentation

UNO Minda Limited

Minda Industries Ltd. Investor Presentation – May 2019

Safe Harbor

2/6 2 / 462/40

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.

3/6 3 / 463/40

Quarterly Update Presentation

Financial Highlights

Revenue^ (Rs. Cr)

EBITDA (Rs. Cr)

PAT* (Rs. Cr)

Margin (%)

FY19

+32%

4,471

5,908

534

+36%

725

+12%

256

286

11.9%

12.3%

5.7%

4.8%

FY18

FY19

FY18

FY19

FY18

FY 19

FY18

FY19

4/6 4 / 464/40

EBITDA PAT

Quarter 4

+8%

1,486

+9%

185

1371

170

-9%

EBITDA PAT

12.4%

12.5%

5.9%

4.9%

^ Revenue is Net of Excise; * Normalised PAT ( MIL Share), without exceptional Items and resultant DTA

Q4 FY18

Q4 FY19

Q4 FY18

Q4 FY19

Q4 FY18

Q4 FY19

Q4 FY18

Q4 FY19

Revenue* Bridge

196

283

4471

560

113

141

5/6 5 / 465/40

5,908

FY18

MRPL (SW) MKAWL (OTH)

MIL Stand.

Rinder (L)

MDSL

MJCL (OTH)

ISYS (OTH)

MITIL+ OTH

FY19

1,371

-4

-9

-23

1,486

Q4 FY18

MIL Stand. (SW+L)

MKAWL (OTH)

Rinder (L)

ISYS (OTH)

MDSL

MJCL (OTH)

MRPL (SW)

MITIL+ OTH

Q4 FY19

SW: SWITCH, L: LAMP, OTH: OTHERS

* Revenue is Net of Excise

r a e Y

l l

u F

4 r e t r a u Q

Division Wise Revenue & EBITDA Mix

Revenue

FY18

581 13.0%

585 13.1%

671 15.0%

EBITDA

55 10.3%

FY18

1,475 33.0%

1,159 25.9%

176 33.0%

136 25.5%

54 10.1%

113 21.2%

* Revenue is Net of Excise

FY19

754 12.8%

2,237 37.9%

908 15.4%

717 12.1%

1,293 21.9%

33 4.6%

FY19

212 29.2%

281 38.8%

6/6 6 / 466/40 INR Cr.

Switches

Lighting

Acousics

LMT*

Others

67 9.2%

132 18.2%

* Light Metal Technology

Q4 Division Wise Revenue & EBITDA Mix

Revenue

Q4 FY18

348 25.4%

166 12.1%

312 22.8%

EBITDA

Q4 FY18

45 26.5%

18 10.6%

545 39.8%

75 44.1%

32 18.8%

Q4 FY19

517 34.8%

7/6 7 / 467/40 INR Cr.

437 29.4%

189 12.7%

61 33.0%

24 13.0%

Switches

344 23.1%

Lighting

Acousics

Others

Q4 FY19

64 34.6%

36 19.5%

Revenue Mix – Q4 & FY19

8/6 8 / 468/40

Geography-wise Breakup

Channel-wise Breakup

Segment -wise Breakup

16%

11%

9 1 Y F

4 r e t r a u Q

84%

89%

India

International

OEM Replacement

2/3 W 4 W

49%

51%

16%

10%

84%

India

International

90% OEM Replacement

2/3 W 4 W

51%

49%

Consolidated Profit & Loss Statement

9/6 9 / 469/40

Particulars (Rs. Cr)Q4 FY19Q4 FY18YoY %Q3 FY19QoQ % FY19 FY18YoY %Revenue from Operations (Net of Excise)1,486.461,370.888%1,470.091%5,908.094,470.5632%Raw Material898.97845.32903.373,622.482,763.18Employee Cost 202.52176.48204.92791.29586.8Other Expenses197.81179.59181.38767.35586.76EBITDA187.16169.4910%180.424%726.97533.8236%EBITDA Margin 12.59%12.36%31bps12.27%-17bps12.30%11.94%45bpsOther Income11.2812.382.725.2433.35Depreciation68.1848.8660.83234.38164.85EBIT130.26133.02-2%122.297%517.83402.3229%EBIT Margin 8.76%9.70%-40bps8.32%-75bps8.76%9.00%8bpsFinance Cost20.4313.9114.5163.1535.09Profit before Share of Profit/Loss of JVs and Tax109.83119.11-8%107.782%454.68367.2324%PBT Margin7.39%8.69%-72bps7.33%-74bps7.70%8.21%-20bpsExceptional Item38.2438.24Tax33.3922.5028.34134.0797.69Profit before Share of Profit/Loss of JVs76.44134.84-43%79.44-4%320.61307.784%Share of Profit/Loss of JVs8.345.101.8818.8723.08Net profit/(loss) after share of profit/(loss) of associates / joint ventures (A)84.78139.94-39%81.324%339.48330.863%PAT Margin %5.70%10.21%-73bps5.53%-30bps5.75%7.40%-40bpsPAT attributable to:- Owners of MIL73.5135.46-46%69.356%285.62310.19-8%- Non Controlling Interests11.284.4911.9753.8620.67Other Comprehensive Income-4.16.32-3.61-0.685.31Total Comprehensive Income for MIL69.47141.25-51%65.836%284.91314.99-10%TCI Margin %4.67%10.30%-89bps4.48%-59bps4.82%7.05%-73bpsTotal Comprehensive Income for Non Controlling Interests 11.215.0211.8853.8921.18Consolidated Balance Sheet

10/6 10 / 46 10/40

ASSETS31st March 201931st March 20181. Non-current assetsProperty, Plant and Equipment1,629.401,199.39Capital work-in-progress131.52192.11Intangible Assets66.8439.32Intangible Assets Under Development18.6118.68Goodwill on Consolidation164.92111.79Financial Assets(i) Investments355.58155.23(ii) Loans21.2114.49(iii) Others9.6616.79Deferred tax assets (net)018.61Other Tax Assets33.0531.18Other Non-current Assets67.140.43Sub-total - Non-Current Assets2,497.891,838.032. Current AssetsInventories560.97417.52Financial Assets(i) Trade receivables899.22789.73(ii) Cash and cash equivalents92.77125.56(iii) Bank balance other than those included in cash and cash equivalents17.2933.91(iv) Loans2.011.59(v) Others Current Financial Assets2218.04Other current assets138.48140.74Sub-total - Current Assets1,732.741,527.08TOTAL - ASSETS4,230.633,365.11Liabilities31st March 201931st March 2018EQUITY AND LIABILITIESEquityEquity share capital52.4417.41Other Equity1651.721,374.28Equity attributable to owners of the Company1704.161,391.69Non-Controlling Interest266.71211.01Total Equity1970.871,602.70LIABILITIES1. Non-current liabilitiesFinancial Liabilities(i) Borrowings606.34240.04(ii) Other financial liabilities75.5851.46Provisions99.64103.78Deferred tax liability0.62Total- Non current liabilities782.18395.282. Current LiabilitiesFinancial Liabilities(i) Borrowings349.15302.81(ii) Trade payables(a) Total outstanding dues of micro & small enterprises64.616.08(b) Total outstanding dues of crditors other than micro & small enterprises733.21792.33(iii) Other financial liabilities231.15155.41Other current liabilities77.991.84Provisions21.5614.83Current tax liabilities (net)3.83Total- Current liabilities1477.581,367.13TOTAL Equity and Liabilities4,230.633,365.1111/6 11 / 46 11/40

About Us

Vision

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Vision

₹ 80B Group Turnover (FY19)

To be a Sustainable Global

organization that enhances value

for allits Stakeholders, attains

Technology Leadership and cares for its people like

a Family

Since 1958

62 Plants Globally

15 Joint Ventures

4 Acquisitions

8 R&D Centers

20+ Product lines

215+ Product Patents

230+ Design Registrations

Leadership Team

13/6 13 / 46 13/40

Board Of Directors

Top Management Team

Mr. Nirmal K Minda Chairman & Managing Director

Mr. Anand K Minda

Mr. Sunil Bohra ED & Group CFO

Mr. Anand K Minda CEO , Battery & Aftermarket Business

Mr. Rajeev Kapoor Group Head Human Resources

Mr. K K Jalan

Mr. Satish Sekhri

Ms. Pravin Tripathi

Ms. Paridhi Minda

Mr. J.K. Menon CEO , Electrical & Electronics Domain

Mr. Pradeep Tiwari CEO , Body & Structure Domain

Mr. Ravi Mehra CEO , Interior, Controls & Safety Domain

Mr. Kundan K Jha CEO, Light Metal Technology Domain

Mr. Amit Jain CEO, Advanced electronics domain (Infotainment, telematics, CREAT)

Strategy for Growth

Regulatory Norms BS-VI expected implementation by 2020 will benefit UNO MINDA as it ready with products which are likely to see strong demand 1. Sensors( BS VI) and Engine related Sensors in

association with Sensata, US 2. Advance Filtration and Canisters 3. On Board Diagnostics (OBD) 4. Seat Belts

Enhanced Safety NCAP and Crash Test Norms are ensuring a swift migration to a safe car. Air Bags & Seat belts 1. Reverse parking Sensors 2. Combi Braking Systems 3.

Regulatory, Emission Norms

Premiumization and Kit Value

Enhanced safety Norms

Electronification and Electric Vehicles (EVs)

14/6 14 / 46 14/40

Premiumization Indian Automobile market is likely to undergo premiumization of vehicles and UNO MINDA is Poised to strongly benefit. 1. 2. 3. 4. 5. 6. Wireless Chargers 7.

LEDs replacing convention lamps Advanced Driving Assistance System (ADAS) Alloy Wheels Infotainment System Telematics

AMT

Electronification & EVs UNO MINDA has set up CREAT for Advanced research engineering and advanced technologies focused to capture 1. 2.

Cockpit Electronics Body Exterior& advanced Lighting Air Bags & Seat belts Actuators / Motors , Controllers and Sensors EV technologies

Pioneer in localization: Through JVs & Associations

We have partnered with global technology leaders in the respective product segments

15/6 15 / 46 15/40

LED Lamps Technical Agreement

Printed Circuit Boards ( PCB) and Box Build Assemblies

Seating System

Car Infotainment

Alloy Wheels

Driving Assistance systems & products (DAPS)

Embedded Software

CNG Kits

Air Filters

1995

2010

2011

2012

2015

2016

2017

2018

2019

4 W Switches

Blow Moulding

Safety System and Hoses

Raw Material Procurement

Infotainment- Sound and Amplifier systems

High-end Sensors for BS VI Application.

Shareholding Pattern

16/6 16 / 46 16/40

Shareholding distribution

Promoters

Institutions

Retail

Corp Bodies / Others

5.8%

7.6%

5.2%

8.5%

15.5%

Mar ‘18

Mar ‘19

71.1%

70.8%

* Change in promotor shareholding on account of exercise of ESOP

Strengthening our Balance Sheet

Building Shareholder Value year on year…

Sales

Sales Growth

39%

32%

3,386

FY17

4,471

FY18

5,908

FY19

Growth without stressing the Balance Sheet…

ROCE

Adjusted ROCE*

20%

19%

20%

19%

21%

19%

FY17

FY18

FY19

Net Worth

ROE

Net Fixed Assets

FATR

21.5%

20.9%

1,059

FY17

1,392

FY18

18.5%

1,704

FY19

3.97

993

FY17

3.66

1,450

FY18

3.58

1,846

FY19

Note: Consolidated Data, * Adjusted ROCE= capital employed less non current Investments in JV and Associates

17/6 17 / 46 17/40

EBIDTA

EBIDTA %

12%

534

FY18

725

FY19

Net debt to Equity

0.50

0.30

11%

374

FY17

0.12

FY17

FY18

FY19

18/6 18 / 46 18/40

Business Overview

Evolution of Our Product Portfolio

The evolution continues…

19/6 19 / 46 19/40

Alloy Wheel (2W)

Controllers

Speakers & Infotainment

Hoses

2017-18 -

Fuel Caps

2010-14

2015-16

Alloy Wheels (4W)

Blow Moulding

2001-08

Aluminum Die Casting

Air Filtration Systems

Automotive Lighting

1950-2000

Automotive Switches

Batteries

CNG/LPG Kits

Automotive Horns

EMS Services

DAPS

Sensors

2018-19 -

Seating Systems

Telematics and Controllers

Organic Diversification

Joint Ventures & Associations, Acquisition

Advent of EVs: Our Hedged Product Portfolio

20/6 20 / 46 20/40

S. No

Product Lines

Company Name

Approximate timelines

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17

21 22 23

25 26

Engine & Transmission Parts

Safety Parts

Body Parts

Comfort & Convenience Parts

Others

Alternate Fuel Systems Air Filtration Systems Canisters Brake Hoses Fuel Hoses Alloy Wheels Cameras EA Pad Steering Wheel with Airbags Fuel Caps Lamps Air Ducts & Washer Bottle Spoiler Body Sealings 4W Switches & HVAC Cigar Lighters & Chargers Wheel Covers Infotainment Systems (CD Tuners, Display Audio & Audio Video Navigations) Speakers Reverse Parking Aid Systems & Advanced Driver Assistance Products and Systems Sensors Actuators Controllers End to End Telematics & Connected Car Solutions Horns Batteries-Lead Acid

METL Roki Minda Roki Minda Minda TG Minda TG Minda Kosei MFTL, Minda TTE MKL TGMN MIL MIL-Ltg Div MKL MKL TGMN MRPL MRPL MRPL

Minda D Ten

Minda Onkyo

Minda TTE

MIL-SAC Div MIL-SAC Div MIL-SAC Div

MIL Controllers

MIL + CH MIL-Battery Div

Revenue 41 400 400 92 92 600 16 18 496 32 465 158 158 496 801 801 801

98 21

131 131 131

708 84

BS VI Apr-20  D D              



D  



 

Technologies PEV 2022-25 X D D        D    D  



D  D



D D

BEV 2025-2030 X X X D X     X D    D  



D  D



D D

Legend

 To continue as it is D To continue with changes X Obsolete

Positively Impacted

Group product portfolio – 2 Wheeler

21/6 21 / 46 21/40

Horns

Handle Bar Assemblies

Sensors

Filter/ Canisters

Battery

Noise Suppresser Cap

Equalizer Assembly

Die Casting Components

Brake Hoses

Combined Breaking system

Lamps

Switches

2 W Alloy Wheel

Kit Value* – 2 Wheelers

5,209

5,162

5,766

4,572

6,801

6,966

22/6 22 / 46 22/40

4,664

4,308

3,580

2,750

2018 2019

Economy

Executive

Premium

Scooter

2018 2019

Moped

Up to 110 CC

110 -135 CC

> 135 CC

All scooters

All Mopeds

*Contribution from Group Companies which are not yet consolidated is not included in the Kit Value

Group product portfolio – 4 Wheeler

Air Duct

PWS

Controllers

Auto HVAC

Spoiler

Fuel cap

CNG Kit

RPAS

Alloy Wheel

23/6 23 / 46 23/40

Headlamp levelling motor

Horns

Speakers

Batteries

Hoses

Steering Wheels with Air bags

Electronic accelerator pedal module

Air Filter

LED lamps

Kit Value* – 4 Wheeler PVs & Tractor

24/6 24 / 46 24/40

75,879

80,934

68,801

63,683

Values in INR

43,596

44,064

50,452

32,906

25,924

19,893

2018 2019

2018

2019

2018 2019

2018

2019

2018

2019

2018

2019

E & MUV

Tractor

3,378

3,450

Up to Rs. 2.2 Lacs

Rs. 2.21 - 4.5 Lacs

Rs. 4.5 - 8.3 Lacs

Rs.8.4 -16 Lacs

>Rs 16 lacs

Off Road

*Contribution from Group Companies which are not yet consolidated is not included in the Kit Value *Potential is calculated on basis that all products manufactured by the group is supplied in the vehicle.

Customer led and Customer Oriented: Customer Mix ( FY 2019)

25/6 25 / 46 25/40

Switching Systems

Lighting Systems

Acoustics Systems

MSIL 42%

Others 40%

TML 6%

M&M 6%

TKML 10%

HMSI 9%

Yamaha 3%

Royal Enfield 3%

Others 32%

TGMI 4%

Bajaj Auto 34%

TVS 11%

Others 29%

Tata Motors 6%

Renault 9%

Others 52%

MSIL 32%

M&M 12%

Maximize Customer Value

optimum product mix to maximize content per vehicle

Hedged

across segments

Alloy Wheels (MKA)

M&M 22%

WABCO India 18%

strengthening our focus on customer relationships

MSIL 78%

Note: Consolidated Data

TVS Motors 27%

Toyota 12%

Die Casting (MJ Casting)

Others 20%

Mahindra 3%

Honda 9%

Suzuki Motors 7%

HMSI 55%

BMW 13%

VW 13%

HYUNDAI 9%

DAIMLER 8%

AUDI 5%

Blow Molding

MSIL 23%

TKML 24%

Switching Systems

Indian’s Largest Manufacturer

• World leader in 2W Switches by Volume. • 2W switches Market Share in India ~65% • • Exports to USA, France, Italy, Austria and others

Independent in-house R&D

contributing ~6% to Switch sales in FY19 • Minda Rika ( 4W SW):Market share India 55%

26/6 26 / 46 26/40

2600

2100

1600

1100

600

9.8%

1,211

FY17

Rs. In Crs

11.9%

12.6%

1,475

FY18

2,237

FY19

13.0%

11.0%

9.0%

7.0%

End User Segment

Revenue

EBIDTA Margin %

• 2/3 Wheeler & Off-road • 4 Wheeler (Minda Rika) Key Customers: 2W /3W/OR- HMSI, Bajaj, HMCL, TVS , REML & Yamaha 4W – MSIL, TKML, M&M, TML & HCIL

Manufacturing Facilities

ASEAN(2W): • Indonesia • Vietnam

2W switch: • Manesar • Pune • Pantnagar • Hosur • Aurangabad

4W switch: • Manesar • Pune • Chennai • Gujarat

Note: Consolidated Data

2W Switches

Handle Bar Assembly

Off road Switches

4W Switches

HVAC Panels

27/6 27 / 46 27/40

11.0%

9.0%

7.0%

5.0%

3.0%

1.0%

1500

1000

500

Rs. In Crs. 9.8%

10.2%

9.1%

1,024

FY17 ^

1,159

FY18

1,293

FY19

Revenue

EBIDTA Margin %

^ Consolidation of Rinder

Lighting Systems

Leading automotive lighting Systems

• Strong R&D capabilities with Design centre in Taiwan and Technical Arrangement with Korean Company • Exports to Italy, Indonesia, France, Japan and others

Contributing ~9% to Lighting Sales in FY19 • R&D Base for 2W in Spain and 4 W in India

End Use Segment

• 2/3 Wheeler, • 4Wheeler • Off-road Key Customers: 4W: Maruti Suzuki, Bajaj, TVS , REML , Renault 2W: Bajaj, RE, Triumph, KTM

Manufacturing Facilities

• • • •

Pantnagar Sonepat Haridwar Chennai

2 W Facilities (India): • Chakan & Pimpriin Pune • Bahadurgargh 2 W Facilities (Overseas): • •

Columbia Design Centre in Spain

Note: Consolidated Data Note: Consolidated Data

28/6 28 / 46 28/40

800

700

600

500

400

300

9.7%

659

FY17

Rs. In Crs

8.1%

671

FY18

9.4%

717

FY19

11.0%

10.0%

9.0%

8.0%

7.0%

6.0%

Revenue

EBIDTA Margin %

Acoustic Systems

One of India’s Largest Players in Horns

• With 47% market share in India • Strong in-house R&D capabilities • Clarton Horn, a wholly owned subsidiary of MIL is

technology leader in Horns and No 2 in market share globally.

End Use Segment

• 2/3 Wheeler, • 4Wheeler, • Off-road and Commercial Vehicles

Key Customers: Domestic – MSIL, Bajaj, TVS, Royal Enfield, Yamaha, M&M International – Daimler, Hyundai, Nissan, Mobis, Renault

Manufacturing Facilities

MIL Facilities • Manesar • •

Pantnagar Indonesia

Clarton Horns Facilities: • Spain • Morocco • Mexico

Note: Consolidated Data Note: Consolidated Data

Light Metal Technology

Products

Alloy Wheel • Market Leader in PV segment with 45% market share (

installation ) in India

• Kosei - Strong Technology Leader as JV partner • Moulding and Tooling Capability for high end wheels Aluminium Die Casting • Manufacturer of performance and non performance parts

End Use Segment

Key Customers: • Alloy Wheel MSIL, Mahindra, Toyota, Renault Nissan and Honda • Aluminium Die Casting HSMI, TVS, Wabco

Capacity • Alloy Wheel 2.7 Mn Wheels p.a. • Aluminium Die Casting 1.32 lacs ton p.a.

1000

800

600

400

200

21.5%

395

FY17

Revenue* Rs. In Crs

23.2%

23.4%

585

FY18

908

FY19

29/6 29 / 46 29/40

24.5%

23.5%

22.5%

21.5%

20.5%

19.5%

18.5%

Alloy Wheels& Die Casting

EBITDA Margins

Manufacturing Facilities

Alloy Wheel • Bawal • Gujarat • Chennai ( JV Plant )

Aluminium Die Casting • Hosur • Bawal

Alloy Wheels

Aluminium Die casting

Note: Consolidated Data

Other Products

Products

Other products • Blow Molding • Speakers & Infotainment • Fuel Caps • Air Filtration System • Hoses • Batteries

• Sensors and Controllers

End Use Segment

• 2Wheelers, 4Wheelers, Commercial Vehicle

Key Customers: MSIL, HMSI, TVS, Mahindra, Toyota & Renault Nissan

30/6 30 / 46 30/40

Revenue* Rs. In Crs

800

600

400

200

409

114

FY17

532

126

FY18

10%

609

145

FY19

12.0%

10.0%

8.0%

6.0%

4.0%

2.0%

0.0%

Blow Moulding

Others

EBITDA Margins

Manufacturing Facilities

• Bawal – Filters, Hoses, Blow molding • Bangalore -Blow Molding, Filters • Manesar - Fuel Caps, • Chennai & Gujarat –Filters • Pantnagar( Minda Storage Battery)

Speaker

Hoses

Air Bags

Fuel Cap

Controllers

Blow Molding

Battery

Note: Consolidated Data

MDSL : Strong Presence in Replacement Market

31/6 31 / 46 31/40

Jammu and Kashmir: 8

Over 50,000 Retail Points

Product(Rs.Crs)

FY19 After Market Sales

% of total After Market Sales

Punjab: 26

Haryana: 41

Rajasthan: 51

Himachal Pradesh: 24

Uttarakhand: 6

Delhi: 33

UP: 62

Bihar: 55

Assam: 10

Gujarat: 48

MP: 45

Jharkhand: 20

Chhattisgarh: 14

West Bengal: 51

Orissa: 24

Maharashtra: 86

Goa: 1

Karnataka: 45

Telangana: 14

Andhra Pradesh: 25

Kerala: 23

Tamil Nadu: 52

Maps not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness

Switches

Lighting

Horns

Others

179

181

132

31%

32%

14%

23%

Revenue (Rs.Crs)

438

453

372

573

504

FY15

FY16

FY17

FY18

FY19

Group Technical Centre Overview

32/6 32 / 46 32/40

•

First Flagship Technical Center of UNOMINDA Group Located in Pune, Phase II in Gurgaon 160+ Engineers

• • • Center of Competency for Hardware &

Software Electronics Lab functional since Oct 2018

•

CREAT: Manpower Mix

Software 44%

Mechanical 11%

Hardware 12%

Hardware, Software & Test

Center of Excellence

Product Assurance 3%

• Hardware & Software for existing

Tech Sales / NPC 2%

products

• New Products end to end

Material Sciences, Optics, Surface Coating, EMI/EMC

Adminstration 12%

Design 16%

Captive & New Products

Captive

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Historical Financials

Consolidated Profit & Loss Statement

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Particulars (Rs. Cr) FY19 FY18YoY %Revenue from Operations (Net of Excise)5,908.094,470.5632%Raw Material3,622.482,763.18Employee Cost 791.29586.8Other Expenses767.35586.76EBITDA726.97533.8236%EBITDA Margin 12.30%11.94%45bpsOther Income25.2433.35Depreciation234.38164.85EBIT517.83402.3229%EBIT Margin 8.76%9.00%8bpsFinance Cost63.1535.09Profit before Share of Profit/Loss of JVs and Tax454.68367.2324%PBT Margin7.70%8.21%-20bpsExceptional Item38.24Tax134.0797.69Profit before Share of Profit/Loss of JVs320.61307.784%Share of Profit/Loss of JVs18.8723.08Net profit/(loss) after share of profit/(loss) of associates / joint ventures (A)339.48330.863%PAT Margin %5.75%7.40%-40bpsPAT attributable to:- Owners of MIL285.62310.19-8%- Non Controlling Interests53.8620.67Other Comprehensive Income-0.685.31Total Comprehensive Income for MIL284.91314.99-10%TCI Margin %4.82%7.05%-73bpsTotal Comprehensive Income for Non Controlling Interests 53.8921.18Consolidated Balance Sheet

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10.4%

10.9%

165

FY17

256

FY18

PAT

Dividend Payout Ratio

12.7%

286

FY19

* Dividend payout ratio after considering dividend distribution tax

Awards & Recognitions

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Minda Industries Ltd won the “Most Promising Company of the Year”at the Indian Business Leader Awards

Mr. N K Minda conferred with EY Entrepreneur of the Year for the year 2018 ( Manufacturing Category)

Awards & Recognitions

CERTIFICATIONS

“Comprehensive Excellence” – UNO MINDA “Overall Performance” – MKL & M DTEN “Quality Excellence” MTG & Roki Minda “VA- VE”- MTG

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RECENT AWARDS: 2018-19

“Special Support Award” MIL – Switch Division

“Delivery Management Award” M J Casting Ltd. “ Best QCDDM Performance” Roki Minda Co. Pvt. Ltd.

“Supplier Business Capability Award” MIL – Lighting Division

“National IP Award” in category Top Indian Company for Designs Minda Industries Ltd.

“Quality Excellence” MIL – Lighting Award

“Exceptional Support Quality” MIL – Lighting Award

Confidential

MILHolding Structure

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Glossary:MIL: Minda Industries LimitedLSTC: Light & Systems Technical Centre S.L. SpainMKL: Minda Kyoraku LimitedROKI: ROKI Minda Co. Pvt. Ltd.MACL: Minda Auto Component LimitedMETL: Minda Emer Technologies LimitedMDSL: Minda Distribution and Services LimitedRiduco: Rinder Riduco, S.A.S., ColumbiaMKAWL: Minda Kosei Aluminum Wheel Private LimitedMNGTL: Minda NextGen Tech LtdRIPL: Rinder India Private LimitedMRPL: Mindarika Private LimitedMSBPL: Minda Storage Batteries Private LimitedKMAC: Kosei Minda Aluminum Company Pvt LtdPTMA: PT Minda Asean Automotive, IndonesiaTG Minda: Toyoda Gosei Minda India Private LimitedMIVCL: Minda Industries Vietnam Company LimitedPTMT: PT Minda Trading, IndonesiaMIL'S SUBSIDIARIES, JOINT VENTURES AND ASSOCIATESDOMESTIC SUBSIDIARIESMKL (68%)MJ Casting (100%) MACL (100%)MDSL (100%) MKAWL (70%)Minda TG Rubber (51%)RIPL (100%)MSBPL(100%)OVERSEAS SUBSIDIARIESSamGlobal(100%)MIVCL(100%)PTMA(100%)PTMT(100%)Global Mazinkert(100%)LSTC (100%)Clarton Horn, Spain (100%)Clarton Horn, Morocco (100%)Clarton Horn, Mexico (100%)CH, Signalakustic (100%)JOINTVENTURES & ASSOCIATESMETL (49%)Riduco (50%)(via LSTC)MNGTL (26%)KMAC (30%)Auto Component (49% )Yogendra Engineering (49%)YA Auto (51%)ROKI (49%)TG Minda(48%)MRPL (51%)DensoTen Minda (50% )MITIL (60%)Minda Katolec (51%)TTE DAPS (50%)iSYS RTS GmBH (80%)Contact Us

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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

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