Sandhar Technologies Limited has informed the Exchange about Investor Presentation
Ref: STL I REG-30/ BSEI NSEI 2021-2022/83
Dated: 0611
' August, 2021
To, Department of Corporate Services, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001
SANDHAR
Growth. Motivation. Better Life
To, Listing Department, National Stock Exchange oflndia Limited C-1, G-Block, Bandra-Kurla Complex Bandra, (E), Mumbai - 400 051
BSE Code: 541163; NSE: SANDBAR
Sub: Intimation to Stock Exchange- Investor Presentation in connection with Un-Audited Standalone & Consolidated Financial Results for the quarter ended 30'" June,2021
(
Dear Sir/Madam,
Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the copy of Investor Presentation in connection with Un-Audited Standalone & Consolidated Financial Results for the quarter ended 30th June, 2021, is uploaded on the website of the Company www.sandhargroup.com
the same
Kindly take the same on record.
Thanking you,
Yours Faithfully,
(
Encl.: As above
Sandhar Technologies Limited
Corporate Office: 13, Sector-44, Gurugram-122 002, Haryana, India. Ph: + 91 12-4518900 Registered Office: B-6/20, L.S.C., Safdarjung Enclave, New Delhi-110 029, India, Ph: +91-11-40511 800 E-mail: enquiries@sandhar.in, website: www.sandharqroup.com; CIN-L74999DL l 987PLC029553
INVESTOR’S PRESENTATION Q1 FY 21-22 Performance
Safe Harbour
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Sandhar Technologies Ltd. (the “Company”), have been prepared 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 tire 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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Key Highlights
Strong performance in Q1 FY 22 despite 2nd wave of Covid-19, revenues stood at Rs. 411.67 Crs. registering a growth of 217% over Q1 FY 21. Similarly PAT grew by 107%.
Industry Updates
Industry registered a growth of 138% in Q1 FY 22 where as Sandhar has achieved a growth of 217% from Q1 FY 21.
Financials (Q1 FY 22 vs Q1 FY 21)
Consolidated • Revenue of Rs. 411.67 Crs., up by 217%. • EBITDA of Rs. 32.68 Crs., up by 371%. • Cash Profit of Rs. 29.16 Crs., up by 576%. • Cash EPS of Rs. 4.84
Standalone • Revenue of Rs. 319.05 Crs., up by 219%. • EBITDA of Rs. 20.84 Crs., up by 291%. • Cash Profit of Rs. 18.49 Crs., up by 451%. • Cash EPS of Rs. 3.07
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217%188%252%467%318%138%117%292%243%106%Overall Growth2W4WCVOHVSandhar Rev. Gr %Industry Sales vol. Gr %Our Footprint
42 State of-art-the-manufacturing facilities Technical collaboration with South Korea, Japan & Taiwan
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Revenue Model
Key Customers
Products Revenue
2 W
PV
CV
OHV
3W
Geographical Revenue
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78%22%DomesticOverseasAluminium Die Casting, 28%Proprietary Business, 25%Sheet Metal, 14%Cabins, 12%Assemblies, 8%Others, 13%Q1-FY 22 Financial Snapshot (fig. in Rs. Crs)
Consolidated
Standalone
217%
371%
219%
291%
104%
107%
105%
105%
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(31.13)2.11 -24%0.5%-30%-20%-10%0%10%20%30%40%50%60%70%80%90%-35-25-15-5515Q1 FY 21Q1 FY 22PAT(12.05)32.68 -9%8%-15%-5%5%15%25%35% (20.00) (10.00) - 10.00 20.00 30.00 40.00Q1 FY 21Q1 FY 22EBITDA100.00 319.05 Q1 FY 21Q1 FY 22Revenue129.99 411.67 Q1 FY 21Q1 FY 22Revenue(10.89)20.84 -11%7%Q1 FY 21Q1 FY 22EBITDA(27.85)1.35 -28%0.4%-30%-20%-10%0%10%-30-20-10010Q1 FY 21Q1 FY 22EBT(40.11)1.77 -31%0.4%-45%-35%-25%-15%-5%5%15% (45.00) (35.00) (25.00) (15.00) (5.00) 5.00Q1 FY 21Q1 FY 22EBT(20.82)0.99 -21%0.3%-30%-20%-10%0%10%-25-20-15-10-50510Q1 FY 21Q1 FY 22PATProfit & Loss Statement – Consolidated (fig. in Rs. Crs)
* EPS not annualized for quarter
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ParticularsQ1 FY 22Q1 FY 21YoY (%)Q4 FY 21QoQ (%)FY 21Total Revenue411.67 129.99 217%645.12 -36%1,874.34 ExpensesCost of materials 230.51 68.85 235%383.10 -40%1,092.12 Labour cost39.20 19.33 103%49.59 -21%160.31 Personnel expenses30.32 22.13 37%30.22 0%117.43 Other expenses78.97 31.73 149%101.28 -22%305.30 Total expenses379.00 142.04 167%564.20 -33%1,675.16 EBITDA32.68 (12.05) 371%80.92 -60%199.18 EBITDA %7.94%-9.27%12.54%10.63%Finance costs3.87 3.06 26%3.96 -2%16.02 Depreciation23.86 21.54 11%24.23 -2%93.95 Profit before tax4.95 (36.65) 114%52.73 -91%89.21 PBT %1.20%-28.19%8.17%4.76%Losses from JV3.19 3.46 2.19 45%11.20 Profit before tax after JV losses1.77 (40.11) 104%50.54 -97%78.02 Tax Expenses(0.34) (8.98) 96%10.29 -103%20.18 Net profit 2.11 (31.13) 107%40.24 -95%57.83 Net Profit %0.51%-23.95%6.24%3.09%Other comprehensive income(0.50) 0.94 (2.34) (3.75) Total comprehensive income1.62 (30.19) 105%37.91 -96%54.09 Comprehensive Income %0.39%-23.23%5.88%2.89%Cash Profit29.16 (6.13) 576%66.67 -56%162.98 Earnings Per Share (EPS)*0.35 (5.17) 107%6.69 -95%9.61 Cash Earning Per Share (CEPS)*4.84 (1.02) 576%11.08 -56%27.08 Profit & Loss Statement – Standalone (fig. in Rs. Crs)
* EPS not annualized for quarter
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ParticularsQ1 FY 22Q1 FY 21YoY (%)Q4 FY 21QoQ (%)FY 21Total Revenue319.05 100.00 219%552.40 -42%1,594.70 ExpensesCost of materials 206.75 64.27 222%357.47 -42%1,018.56 Labour cost29.51 14.76 100%39.88 -26%130.71 Personnel expenses18.73 15.13 24%18.63 1%78.16 Other expenses43.21 16.73 158%68.39 -37%204.13 Total expenses298.20 110.89 169%484.38 -38%1,431.56 EBITDA20.84 (10.89) 291%68.02 -69%163.14 EBITDA %6.53%-10.89%12.31%10.23%Finance costs2.00 1.42 41%2.28 -12%9.09 Depreciation17.50 15.55 13%17.79 -2%68.57 Profit before tax1.35 (27.85) 105%47.95 -97%85.48 PBT %0.42%-27.85%8.68%5.36%Tax Expenses0.36 (7.03) 105%10.45 -97%20.25 Net profit 0.99 (20.82) 105%37.49 -97%65.23 Net Profit %0.31%-20.82%6.79%4.09%Other comprehensive income(1.01) 0.51 (1.22) (4.00) Total comprehensive income(0.02) (20.31) 100%36.28 -100%61.23 Comprehensive Income %-0.01%-20.31%6.57%3.84%Cash Profit18.49 (5.27) 451%55.29 -67%133.80 Earnings Per Share (EPS)*0.16 (3.46) 105%6.23 -97%10.84 Cash Earning Per Share (CEPS)*3.07 (0.88) 451%9.19 -67%22.23 WOS Performance (fig in Rs. Crs)
209%
1121%
140%
JV* Performance (fig in Rs. Crs)
303%
*Considered 50% All Rights Reserved@Sandhar 2021
-11%
9%
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29.99 92.74 RevenueQ1 FY 21Q1 FY 22(1.16)11.84 EBITDAQ1 FY 21Q1 FY 22(8.96)3.58 EBTQ1 FY 21Q1 FY 223.86 15.55 RevenueQ1 FY 21Q1 FY 22(1.75)(1.94)EBITDAQ1 FY 21Q1 FY 22(3.52)(3.19)PATQ1 FY 21Q1 FY 22New Business- Supplies Started to Electric Vehicles
(FY 2021-22)
Product Category
Products Supplied
Key Customer
• Ignition & Switch Locking System • Latch System • Hook & Striker
• Mirror & Vision System
• Wheel Assembly
KABIRA MOBILITY
KABIRA
MOBILITY
PUR ENERGY
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Overseas New Business- Supplies Started to Electric Vehicles
(FY 2021-22)
Product Category
Products Supplied
Key Customer
• Seat Belt retractor components
TRW
• Wiper systems components
• Electronic circuits housings
and covers
Revenue at consolidated level from this segment stands Rs. 12.07 Crs. for Q1 FY 22.
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TRW
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Potential New Business for Electric Vehicles (FY 2021-22)
Purchase Order Received Schedule Awaited
Products to be Supplied
Customer Portfolio
• Ignition & Switch Locking System • Latch System • Door Handles • Battery Locking System • Mirrors & Vision System
NDA Signed- Presently under Technical Discussion
Ignition & Switch Locking System Latch System
• • • USB • Mirrors & Vision System
Strom Motors
KUSALVA INTERNATIONAL LTD
OZOTEC AUTOMOBILES PVT LTD
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Business from Electronification (FY 2021-22)
Division / Company
Products Supplied
Key Customer
Sandhar Automotive Gurugram, JEM Division • Revenue - Q1 Rs. 1.39 Crs.
Relay
Rear View Camera
ECU*
Sensor with Bezel
Sensor (5 Colors)
ECU
Retainer
Shark Fin Antenna
Feeder Cable
Sandhar Whetron Electronics Pvt. Ltd. Revenue - Q1 Rs. 0.25 Crs.
•
Winnercom Sandhar Technologies Pvt. Ltd.
•
Revenue - Q1 Rs. 6.53 Crs.
* Electronic Control Unit
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Business from Electronification (FY 2021-22)
Division / Company
Products Supplied
Key Customer
Feeder Cable
Sandhar Hanshin Auto Technologies Pvt. Ltd.
• Revenue - Q1 Rs. 2.29 Crs.
Sandhar Han Sung Technologies Pvt. Ltd.. Revenue - Q1 Rs. 1.27 Crs.
•
Jinyoung Sandhar Mechatronics Pvt. Ltd. Revenue - Q1 Rs. 8.12 Crs.
•
MCB
Switches
* Electronic Control Unit
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AVN Panel Assemblies
Future Outlook
Expecting the Revenue CAGR of 30% over the next 3 years.
Strongly looking for inorganic growth opportunities in near future.
Focusing on better returns by achieving economies of production and leveraging long standing relationships with OEMs.
New overseas plant in Romania to be operational in FY 22 resulting in major growth in overseas business.
Launching new products in 4 wheeler and Off highway vehicle segment.
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Future Outlook
Expanding product portfolio with OEMs.
Increasing business with EV OEMs with existing and new products.
Centre for innovation & development (In-house R&D center) is consistently working on development of technology driven products in Auto-Space.
Joint Ventures companies to ramp-up in near future to meet increasing demand of diversified products including E-Products with latest technology.
Committed to maximize the wealth & return and minimize the risks of stakeholders.
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Shareholding Pattern FY22 vs FY21
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Retail, 12.37%Promoters, 70.35%FII, 1.55%Mutual Funds, 15.74%FY'21Retail, 12.24%Promoters, 70.37%FII, 1.70%Mutual Funds, 15.69%Q1 FY'22Sandhar Technologies Limited CIN: L74999DL1987PLC029553 Email: investors@sandhar.in
THANK YOU