NRB Bearing Limited

rs,

February 18, 2022 BSE Limited Corporate Relationship Department 1st Floor, P.J. Towers, Dalal Street Mumbai 400 001 Code No. 530367/ NRBBEARING National Stock Exchange of India Limite

Rs. 688.58 crore

Investor Release: NRB Bearings Limited 9MFY22 Financial Performance  Revenue at Rs. 688.58 crores, growth of 36% y-o-y  EBITDA at Rs. 103.42 crores, growth of 81% y-o-y  PAT at Rs. 58.15 crore

36%

se: NRB Bearings Limited 9MFY22 Financial Performance  Revenue at Rs. 688.58 crores, growth of 36% y-o-y  EBITDA at Rs. 103.42 crores, growth of 81% y-o-y  PAT at Rs. 58.15 crores, growth of 185

Rs. 103.42 crore

ted 9MFY22 Financial Performance  Revenue at Rs. 688.58 crores, growth of 36% y-o-y  EBITDA at Rs. 103.42 crores, growth of 81% y-o-y  PAT at Rs. 58.15 crores, growth of 185% y-o-y Mumbai, February 18, 2022,

81%

nce  Revenue at Rs. 688.58 crores, growth of 36% y-o-y  EBITDA at Rs. 103.42 crores, growth of 81% y-o-y  PAT at Rs. 58.15 crores, growth of 185% y-o-y Mumbai, February 18, 2022, NRB Bearings Li

Rs. 58.15 crore

s. 688.58 crores, growth of 36% y-o-y  EBITDA at Rs. 103.42 crores, growth of 81% y-o-y  PAT at Rs. 58.15 crores, growth of 185% y-o-y Mumbai, February 18, 2022, NRB Bearings Limited, India’s premier bearing m

185%

36% y-o-y  EBITDA at Rs. 103.42 crores, growth of 81% y-o-y  PAT at Rs. 58.15 crores, growth of 185% y-o-y Mumbai, February 18, 2022, NRB Bearings Limited, India’s premier bearing manufacturer has

15.02%

venues EBITDA EBITDA Margins (%) Profit After Tax (PAT) PAT Margins (%) 688.58 103.42 15.02% 58.15 8.44% Quarterly Financial Highlights: Particulars (Rs. Crs.) Q3 FY22 Q3 FY21 R

8.44%

EBITDA Margins (%) Profit After Tax (PAT) PAT Margins (%) 688.58 103.42 15.02% 58.15 8.44% Quarterly Financial Highlights: Particulars (Rs. Crs.) Q3 FY22 Q3 FY21 Revenues (Sales)

12.72%

FY22 Q3 FY21 Revenues (Sales) EBITDA 230.71 29.34 244.69 43.12 EBITDA Margins (%) 12.72% 17.62% Profit After Tax (PAT) PAT Margins (%) 16.97 7.36% 23.28 9.51% 505.16 57.1

17.62%

FY21 Revenues (Sales) EBITDA 230.71 29.34 244.69 43.12 EBITDA Margins (%) 12.72% 17.62% Profit After Tax (PAT) PAT Margins (%) 16.97 7.36% 23.28 9.51% 505.16 57.12 11.31

7.36%

43.12 EBITDA Margins (%) 12.72% 17.62% Profit After Tax (PAT) PAT Margins (%) 16.97 7.36% 23.28 9.51% 505.16 57.12 11.31% 20.41 4.04% Y-o-Y -6% -32% -27% Y-o-Y 36%

“o We are cautiously optimistic and hope that demand revival we are seeing currently continues going forward o NRB is suppliers to – The world’s foremost E-Vehicles, in Europe, America and Japan (through NRB Thailand) and Korea (through the Hyundai Group) – Nominated by the leading players globally in their new electric power trains – Present in virtually every light to heavy vehicle - for hybrid and E-Drive in Europe and America and in China Commenting on the performance, Ms.”

“As communicated with all the shareholders in the past, we are well on track to achieve our Hybrid / E-Mobility strategy and further strengthen our leadership position in the sector.”

“We are cautiously optimistic and hope that demand revival we are seeing currently continues going forward.”

“We are working towards penetrating the E-mobility/ EVs market and expect new product pipeline to be healthy.”

Investor Release

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Nine Months Financial Highlights

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Quarterly Financial Highlights

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Key Highlights

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Revenue

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Export

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Subsidiary Companies

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Investor Relations Advisors

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Investor Release

NRB Bearings Limited 9MFY22 Financial Performance  Revenue at Rs. 688.58 crores, growth of 36% y-o-y  EBITDA at Rs. 103.42 crores, growth of 81% y-o-y  PAT at Rs. 58.15 crores, growth of 185% y-o-y Mumbai, February 18, 2022, NRB Bearings Limited, India’s premier bearing manufacturer has announced its financial results for the quarter and nine months ended 31st December 2022.

Nine Months Financial Highlights

Particulars (Rs. Crs.) 9M FY22 9M FY21 Revenues EBITDA EBITDA Margins (%) Profit After Tax (PAT) PAT Margins (%) 688.58 103.42 15.02% 58.15 8.44%

Quarterly Financial Highlights

Particulars (Rs. Crs.) Q3 FY22 Q3 FY21 Revenues (Sales) EBITDA 230.71 29.34 244.69 43.12 EBITDA Margins (%) 12.72% 17.62% Profit After Tax (PAT) PAT Margins (%) 16.97 7.36% 23.28 9.51% 505.16 57.12 11.31% 20.41 4.04% Y-o-Y -6% -32% -27% Y-o-Y 36% 81% 185% Q2FY22 Q-o-Q 256.56 47.33 18.45% 24.35 9.49% -10% -38% -30%

Revenue

o Muted demand scenario in the last quarter specifically in the two-wheeler, commercial vehicles and agricultural sector led to drop in volumes, thus ended Q3FY22 with a de-growth of 6% Y-o-Y o Demand scenario from January 2022 onwards have revived and we are hopeful the same will continue in the coming months  EBITDA & PAT: o Margin stood at 15.02% for 9MFY22, growth of 81% y-o-y o Reported a PAT of Rs. 58.15 crores for 9MFY22, growth of 185% y-o-y o Margins remained subdued due to pressure on key input costs and freight costs in Q3FY22 

Export

o Company currently supplying to 45 countries o Third wave of covid, supply chain issues and a significant increase in the freight cost led to weak demand in the exports in Q3FY22 o The increased input cost and logistics cost is being passed on to the international customers gradually.  Restructuring Manufacturing to build Operational Efficiencies o Long pending closure of Thane plant has finally been completed o Chikalthana facility at Aurangabad will also be fully absorbed at our larger facilities o Rationale for Restructuring – Both Thane and Chikalthana facilities were relatively smaller plants – Build a leaner and more flexible manufacturing structure with a focus on in-house toolroom and more insourcing for cost optimization, for low volume as well as mass market through rationalization of locations – The enhanced and cost competitive facilities will enable NRB group to dominate the E-Mobility sector, while retaining its position in conventional customized friction solutions at

Subsidiary Companies

o Company has 2 manufacturing subsidiaries viz. SNL Bearings Limited (SNL), NRB Bearings (Thailand) Limited (NRBT). o SNL dominates the 2-wheeler and small industrial bearings segment and has reported profit after tax of Rs. 1.90 crores, for Q3FY22. o NRBT, our 100% subsidiary in Thailand, is in an expansion mode and is leveraging It’s position as a supplier to China – The FTA (Free Trade Agreement) with India – – Thailand’s strong relationship with North America and Europe – Increasingly replacing Chinese products at our global customers o NRB Holdings (a wholly owned subsidiary) has been incorporated for re-structuring of the global business and shall set up a global innovation centre for advanced technologies in Dubai’s prestigious DIFC to create a leadership position in global markets with engineering capabilities focused on hybrid and E mobility applications. To have a clear focus, agility and support from the parent in India, which is determined to emerge as the most cost-efficie