Minda Industries Limited has informed the Exchange regarding Investor Presentation - Transaction update Presentation
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Minda Industries Ltd. Transaction update presentation
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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Transaction Update Presentation
Participants on Transaction update call:- 1. Mr. Sunil Bohra ( Group CFO) 2. Mr. Amit Jain ( Group CTO & CEO AED Domain) 3. Mr. Tripurari Kumar
About DELVIS ,Germany
Company Background
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Delvis Gmbh, established in 2002, is a complete system developer for automotive lightings. It has proven capabilities in design, development and manufacturing of innovative lighting solution for next generation vehicles. Delvis focuses on Exterior & Interior lighting , lighting electronics and testing services. It offers full range of products, from cost-optimised basic headlights and design solutions up to adaptive LED headlight systems with dynamic lighting functions Interior lighting solutions include overhead control units, ambient lighting, backlights 100% Subsidiaries: Delvis Products & Delvis Solution
indicator and locator lighting and LCD
Revenue Profile
Revenue ( Euro Mn)
25.24
24.28
17.71
19.43
CY 16
CY 17
CY 18
Upto Aug-19 * 8 months
C U S T O M E R S
Transaction Rationale
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Technology: The acquisition is part of our strategy to strengthen technological capabilities in existing product lines. MIL will get access to global lighting technology and deep R&D capabilities of Delvis , Germany
Product Synergies: MIL to broaden its product offering , ensure a robust pipeline of new product launches for PVs, especially headlamps.
MIL is like to to improve its share of Business with Key indian OEMs. Improve revenue mix.
Customer Synergies: MIL & Delvis can expand their business with complementary customers.
Access to Global Markets with manufacturing base located in low cost countries like India and Indonesia.
Compliments both LSTC and iSYS RTS which are focused on lighting electronics and design, strengthening group’s European foothold.
Value Accretive: The Transaction is expected to be Value accretive to Shareholders to MIL
Indicative Transaction Structure & EV
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100%
MIL
Holding Co.
100%
Delvis GMBH (Flagship) Target
100%
Delvis Solutions
100%
Delvis products
Milestones
SPA Date
Date
October 07, 2019
Transaction closure*
By December 05, 2019
Enterprise Value Euro 21 Mn
*Transaction is subject to customary regulatory approvals.
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For further information, please contact:
Minda Industries Ltd. CIN : L74899DL1992PLC050333 Mr. Tripurari Kumar GM Finance tripurarik@mindagroup.com
www.unominda.com