SINTERCOMNSE16 February 2022

Sintercom India Limited has informed the Exchange about Investor Presentation

Sintercom India Limited

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16th February, 2022

To, NSE Limited, Exchange Plaza, Plot No. C/1, G-Block, Bandra-Kurla Complex, Bandra (E), Mumbai 400 051

Symbol: SINTERCOM Series: EQ

Subject: Earnings Presentation 9M/Q3-FY2022

Dear Sir/ Madam,

Please find enclosed herewith Earnings Presentation 9M/Q3-FY2022.

Please take the note of the same.

For and on behalf of Sintercom India Limited

Anuja Joshi Company Secretary & Compliance Officer

Sintercom India Ltd.

Investor Presentation- March 2021

EARNINGS PRESENTATION 9M/Q3-FY22

Company Overview

• Established in 2007, Sintercom India Limited is the leading automotive sintered components manufacturer located in

Pune, India.

• The Company has integrated manufacturing facilities and has increased its capacity from 1,980 MTPA to 3,600 MTPA in

2019.

• The Company specializes in manufacturing medium to high-density sintered components for automotive engines,

powertrain, and exhaust systems and also manufactures sensor components that cater to global markets.

• The product portfolio includes drivetrain gears, engine sprockets, pulleys, crankshaft bearing journals, transmission

gears, and synchro hubs, as well as ABS rings and Sensor Hego bosses and flanges.

• Sintercom provides its esteemed customers with high-volume, high-precision, and low-cost components, tailored to their specific requirements. This is ensured by leveraging the integrated manufacturing facility adhering to rigorous quality standards.

• The company entered into a strategic tie-up with Miba Sinter with a Joint Venture and technology transfer agreement in

2011, and Miba also invested in Sintercom to become a co-promoter by taking around 26% stake in the company.

Revenue (INR Mn) & EBITDA Margin (%)

22%

743

22%

827

900

800

700

600

500

400

300

200

100

13%

535

472

405

24%

19%

14%

- 1%

FY18

FY19

FY20

FY21

9M-FY22

Operational Revenue

EBITDA Margin (%)

9M-FY22 Region Wise Revenue Breakup

South (Chennai) 4%

Exports 0%

North (NCR) 14%

• Together with the technology leader Miba, the company is able to provide their customers with even more competitive

solutions with powder metal.

• Sintercom caters to OEMs like Maruti Suzuki Limited, Mahindra & Mahindra Limited, Bajaj Auto Limited, and Fiat India

Automobiles Private Limited and the company is a single-source supplier for various products as well.

West (Maharashtra/ Gujarat) 82%

• An in-house dedicated Research & Development team develops new products used in various applications of engine,

transmission, and body chassis for various automotive OEMs and Tier-1 customers.

Sintercom India Limited

Investor Presentation

MIBA

• The Miba Sinter Group established in 1963, has decades of experience in the Sinter Technology and is one of the

leader in the Global Sintering Industry.

• Miba Sinter Austria GmbH manufactures high precision and sintered components. The Company offers engine bearings, friction materials, power electronics components, and coatings for engines, gearboxes, shock absorbers, specific applications, and compressors.

• They work closely with their customers to meet the challenges of the international automotive industry related to

making vehicles more efficient, environmentally friendly, and quieter.

• Backed up by a global presence, years of development experience, and quality standards, Miba’s customers are

guaranteed customized and cost-effective solutions.

• Through ongoing technological progress, the Miba Sinter Group creates high-end components for the vehicles of

tomorrow.

• Miba sintered components offer an efficient and cost-effective technology for mass production, are environmentally friendly due to the high level of recycled content and optimum utilization of materials make engines and transmissions significantly quieter than steel or castings.

• Miba Sinter Group expands its global network with strategic tie-up with Sintercom India Ltd.

• The Joint Venture and technology agreement with Sintercom provides access to various advanced sintered

technology solutions for the various Indian OEMs.

• With the growing opportunities in the Indian market, Miba Sinter Austria further invested in Sintercom India Ltd. for

an aggregate amount of approximately INR 222 Mn.

• Sintercom completed the raising of funds from Miba Sinter on a preferential private placement basis in the form of

equity shares and compulsory convertible debentures (CCDs).

MIBA-Geographical Presence

Americas 16%

Asia 22%

Europe 62%

6 Production Sites Globally

4.10 Research Ratio

414 EUR MN Revenue

2984 Employees

Sintercom India Limited

Investor Presentation

Client List

OEM Clients

TIER - 1

Client-wise Revenue (9M-FY22)

Others 10%

Fiat India Pvt.Ltd. 2%

Bajaj Auto Limited 17%

Maruti Suzuki Limited 16%

Mahindra & Mahindra 55%

Sintercom India Limited

Investor Presentation

Business Portfolio

Bearing Cap

Cam to Cam Back Lash Gears

Chain Sprockets

Belt Pulleys

Mass Balancer Assembly

ENGINE

PRODUCTS

INDUSTRIAL GOODS

Liquid Dispensing Metering Parts

Synchro Rings

TRANSMISSION

ELECTRIC VEHICLES

Synchroniser Hubs

Interlock Finger

Drive Train Gears

Synchro Ring

BODY CHASIS

Oxygen Sensor Boss

Flange type Sensor Boss

Electric Power Steering

Soft Magnetic Composites

Segment-wise Revenue (9M-FY22)

Body Chassis 2%

Export 1%

Transmission 39%

Engine 58%

Sintercom India Limited

Investor Presentation

Manufacturing Metrics

Capacity Utilization (MTPA)

Product Mix

3600

30%

1980

1260

1375

1492

1740

1035

976

945

70%

45%

55%

60%

58%

40%

42%

FY16

FY17

FY18

FY19

FY20

FY21

9M-FY22

F Y 1 6

F Y 1 7

F Y 1 8

F Y 1 9

F Y 2 0

F Y 2 1

9 M - F Y 2 2

Utilisation

Capacity

Diesel

Gasoline

OEM wise Sourcing

Segment Wise Revenue (INR Mn)

45%

65%

100%

90%

100%

127.47

125.35

65.81

161.73

27.74

27.13

12.73

20.67

7.61

211.03

249.41

215.66

222.95

160.29

379.18

425.46

502.26

545.78

304.18

228.36

237.05

Maruti

Mahindra

Bajaj

Fiat

FY16

FY17

FY18

FY19

FY20

FY21

9M-FY22

Dual Sourcing

Single Sourcing

Engine

Transmission

Body/Chasis

Sintercom India Limited

Investor Presentation

Key Financial Highlights

Key Financial and Operational Highlights

Q3-FY22 Financial Performance Q4-FY21 Financial Performance

INR 151 Mn Revenue from Operations

INR (14) Mn PAT

INR 12 Mn EBITDA

7.95% EBITDA Margins

NA PAT Margins

INR (0.51)/Share

Diluted EPS

9M-FY22 Financial Performance Q4-FY21 Financial Performance

Operational Highlights • Quarterly Sales grew by approx. 10% mainly due to the new products

getting into serial production and strong demand for vehicles.

•

For 9M-FY22, Sales grew by around 38% Y-o-Y which was driven by the lower base in the previous year caused by Covid-19 pandemic and also the new products receiving customer approvals.

The EBIDTA margins have improved on a quarterly and YTD basis due to higher capacity utilizations.

• Cam to cam gears for 2.0L diesel engine and new Sprockets have commenced serial production during the quarter. We are seeing consistent and strong demand for these products in Q4 FY-22.

INR 405 Mn Revenue from Operations

INR (35) Mn PAT

INR 28 Mn EBITDA

6.91% EBITDA Margins

NA PAT Margins

INR (1.27)/Share

Diluted EPS

• Overall outlook for coming quarters seems to be positive with strong demand for the products. Supply chain issues seem to be easing away leading to an increase in customer schedules.

•

Successfully installed and commissioned the Gear rolling technology, first of its kind in India during the first half of FY22.

Sintercom India Limited

Investor Presentation

Quarterly Financial Performance

Particulars (INR Mn)

Revenue from Operations

Expenses

EBITDA

EBITDA Margin (%)

Other Income

Finance cost

Depreciation and amortisation expenses

Profit before tax

Tax expense

PAT

PAT Margin (%)

Other Comprehensive income

Total Comprehensive income

Diluted EPS (INR)

Sintercom India Limited

Q3-FY22

Q3-FY21

151

139

154

135

7.95%

12.34%

(13)

(14)

(7)

(2)

(5)

(0.51)

(0.2)

Y-o-Y

(1.9)%

3.0%

(36.8)%

(439)Bps

(36.4)%

12.5%

(85.7)%

Q2-FY22

138

128

7.25%

(14)

(4)

(10)

(0.35)

Q-o-Q

9.4%

8.6%

20.0%

70Bps

5.9%

(7.1)%

40.0%

Investor Presentation

YTD Financial Performance

Particulars (INR Mn)

Revenue from Operations

Expenses

EBITDA

EBITDA Margin (%)

Other Income

Finance cost

Depreciation and amortisation expenses

Profit before tax

Tax expense

PAT

PAT Margin (%)

Other Comprehensive income

Total Comprehensive income

Diluted EPS (INR)

Sintercom India Limited

9M-FY22

9M-FY21

405

377

293

283

6.91%

3.41%

(41)

(6)

(35)

(64)

(17)

(47)

Y-o-Y

38.2%

33.2%

180%

350Bps

(34.5)%

10.6%

(1.27)

(1.92)

(33.9)%

Investor Presentation

Historical Income statement

Particulars (INR Mn)

Revenue from Operations

Expenses

EBITDA

EBITDA Margin (%)

Other Income

Finance cost

Depreciation and amortisation expenses

Profit before tax

Tax expense

PAT

PAT Margin (%)

Other Comprehensive income

Total Comprehensive income

Diluted EPS (INR)

Sintercom India Limited

FY19

827

647

180

FY20

535

464

FY21

9M-FY22

472

438

405

377

21.77%

13.27%

7.20%

6.91%

6.65%

2.27

(34)

(5)

(29)

(62)

(15)

(47)

(41)

(6)

(35)

(1.18)

(1.27)

Investor Presentation

Balance sheet

Equity and Liabilities (INR Mn)

FY20

FY21

H1-FY22

Assets (INR Mn)

FY20

FY21

H1-FY22

Share Capital

Reserves and Surplus

Total Equity

Non Current Liabilities

Long-term borrowings

Deferred tax liabilities (Net)

Long term provisions

Other long term liabilities

242

620

862

119

Sub Total Non Current Liabilities

192

116

Current Liabilities

Short-term borrowings

Trade payables

Other financial liabilities

Other current liabilities

Short-term provisions

Sub Total Current Liabilities

121

129

128

420

103

119

365

256

782

256

757

Non-current assets

Fixed assets

1,038

1,013

Property, Plant & Equipment

Other Intangible assets

Capital work-in-progress

Intangible assets under development

Long term loans & advances

Other non current assets

Current assets

Inventories

Trade receivables

Cash and cash equivalents

Short-term loans and advances

Other current assets

Sub Total Current Assets

109

137

385

798

125

740

130

158

187

441

1,474

192

212

553

1,519

714

170

978

242

193

511

1,489

Sub Total Non Current Assets

1,033

966

TOTAL EQUITY AND LIABILITIES

1,474

1,519

1,489

TOTAL ASSTES

Sintercom India Limited

Investor Presentation

Key Financial Highlights

Revenue (INR Mn)

EBITDA (INR Mn) & EBITDA Margin (%)

PAT (INR Mn) & PAT Margin (%)

743

827

535

472

405

22%

167

22%

181

13%

-5%

-29

FY18

FY19

FY20

FY21

9M-FY22

FY18

FY19

FY20

FY21

9M-FY22

FY18

FY19

FY20

-47

-10%

FY21

-35

-9%

9M-FY22

Cash Conversion Cycle (Days)

RoCE (%) and RoE (%)

Net Debt/Equity (x)

160

10.99%

11.14%

0.26

0.27

101

6.33%

6.18%

0.33%

0.15

FY18

FY19

FY20

FY21

FY18

FY19 RoCE (%)

-3.33%

FY20 RoE (%)

-2% -5%

FY21

0.07

FY18

FY19

FY20

FY21

H1-FY22

Sintercom India Limited

Investor Presentation

Market Data

70% 60% 50% 40% 30% 20% 10% 0% -10% -20%

Stock Return (As on 31st December 2021)

Jan-21

Mar-21

Apr-21

May-21

Jun-21

Jul-21

Aug-21

Sep-21

Oct-21

Nov-21

Dec-21

Sintercom

NSE Small Cap 250

Price Data (As on 31st December 2021)

Shareholding Structure (As on 31st December 2021)

Face value (INR)

Market Price (INR)

52 Week H/L (INR)

Market Cap (INR Mn)

Equity Shares Outstanding (Mn)

1 Year Avg. trading volume (‘000)

Sintercom India Limited

86.45

104.8/61.2

2209.04

25.55

28.80

Public 32.59%

Promoter 67.41%

Investor Presentation

Disclaimer

Sintercom India Disclaimer:

No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. Certain statements made in this presentation may not be based on historical information or facts and may be "forward looking statements" based on the currently held beliefs and assumptions of the management of Sintercom India Ltd., which are expressed in good faith and in their opinion reasonable, including those relating to the Company’s general business plans and strategy, its future financial condition and growth prospects and future developments in its industry and its competitive and regulatory environment.

Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance or achievements of the Company or industry results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements, including future changes or developments in the Company’s business, its competitive environment and political, economic, legal and social conditions. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements to reflect future events or developments.

This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction, including the United States. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. None of our securities may be offered or sold in the United States, without registration under the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from registration there from.

This presentation is confidential and may not be copied or disseminated, in whole or in part, and in any manner.

Valorem Advisors Disclaimer:

Valorem Advisors is an Independent Investor Relations Management Service company. This Presentation has been prepared by Valorem Advisors based on information and data which the Company considers reliable, but Valorem Advisors and 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. Valorem Advisors also hereby certifies that the directors or employees of Valorem Advisors do not own any stock in personal or company capacity of the Company under review.

rFor further details, please feel free to contact our Investor Relations Representatives: e m i a l c s i D

Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments, and Mr. Anuj Sonpal many other factors that could cause our actual results to differ materially from those contemplated by the Valorem Advisors relevant forward-looking statements. Gravita India will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to Tel: +91-22-49039500 reflect subsequent events or circumstances. Email: sintercom@valoremadvisors.com

Sintercom India Limited

Investor Presentation

Thank You!

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