Sona Blw Precision Forgings Limited has informed the Exchange about Investor Presentation
Sona Comstar Electrifying Tomorrow
February 2021
Disclaimer
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Sona BLW Precision Forgings 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, this accuracy, completeness, 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.
fairness and reasonableness of
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Certain matters discussed in this presentation may contains certain forward looking statements concerning the Company’s future business prospects and business profitability. Such forward-looking statements are not guarantees of future performance and are subject to a number of risks and uncertainties that are difficult to predict. These risks and uncertainties include, but are not limited to, the Company’s ability to manage growth, the fluctuations in earnings, competition (both domestic and international), economic growth in India and abroad, ability to attract and retain highly skilled professionals, time and cost over runs on contracts, the Company’s ability to manage its international operations, Government policies and actions regulations, interest and fiscal costs generally prevailing in the economy. The Company does not other undertake to make any announcement these forward looking statements become materially incorrect in future or update any forward looking statements made from time to time by or on behalf of the Company.
in case any of
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Electric, Autonomous and Connected – The Future of Mobility
Net formed differential gears coming out of our forging press
Globally LDVs and 2/3 Wheelers are expected to lead the electrification drive
Geography-wise EV penetration in 2030
20%
e-2/3 Ws
NA
5%
e-LDVs
*
25%
75%
*
54%
29%
44%
e-Buses
NA
NA
e-Trucks
3%
10%
2020 penetration
2025 penetration
2030 penetration
Source: Global EV Outlook 2021 – International Energy Agency (sustainable development scenario) * Company Analysis; LDV: Light Duty Vehicles
75%
70%
79%
59% 59%
54%
75%
66%
62%
0%
China Europe US
India RoW
China Europe US
India RoW
China Europe US
India RoW
China Europe US
India RoW
45%
30%
12%
30%
27%
30%
17%
18%
5%
8%
100%
92%
4
Increasing level of automation in vehicles
Level 0
Level 1
Level 2
Level 3
Level 4
Level 5
No System
Feet-off
Hands-off
Eyes-off
Brain-off
No driver
No Automation
Driver Assistance
Partial Automation
Conditional Automation
High Automation
Full Automation
is
driver
The in complete control of the vehicle at all times
The vehicle can assist the driver or take control of either the vehicle’s speed or its lane position
The vehicle can take control of both the vehicle’s speed and lane position in some situations
The vehicle is in full control some in situations, monitors the road and traffic, informs the driver when he/she must take control
The vehicle is in full control for the entire trip under certain conditions
The can vehicle operate without a human or occupant
driver
<2000
2000+
2010+
2021+
2025+
2030+
Source: SAE International (SAE J3016), Deloitte Insights
Expected start of commercial pilots and/or market introductions by established players
5
Evolution of automotive systems towards automation
1900
1920
1940
1960
1980
2000
2020
Future
Mechanical
Steering
Passive
Suspension
Mechanical
Brakes
Transmission
Lighting
Mirrors
Manual
Electric Headlamps
No mirrors
No Driver Assistance
Driver Assistance
Source: Wikipedia
Hydraulic 1951, Chrysler
Electro-hydraulic 1965, Ford
Electric 1990, Honda
Active 2003, BMW
Hydraulic Active 1954, Citroen
Electronic Active 1999, Mercedes
Predictive Active 2020, Audi
Anti-lock Braking System 1971, Chrysler
Emergency Brake Assist 1996, Mercedes
Automatic Emergency Braking 2008, Volvo
Hydraulic Automatic 1939, GM
Electronic Automatic 1981, Toyota
Electric Drive Unit
Automatic Headlamp
Cornering Lights
Projector Headlamps
Intelligent Light System
Digital Matrix Lights
1950s, GM
1962, Cadillac
1981, Audi
2006, Mercedes
2021, Audi
Manual Antiglare Mirror
Automatic Dimming
1959, Chrysler
Reverse Camera 1991, Toyota
360 deg. Camera
Digital Mirrors
2007, Nissan
2018, Mercedes
Cruise Control
1965, Chrysler
Adaptive Cruise Control
Lane Keep Assist
Automated Valet Parking
1995, Mitsubishi
2003, Honda
2019, Mercedes
i
l
e c h e V s u o m o n o u A 5 - l e v e L
t
d e
r i
u q e R n o i t n e v r e t n
I
n a m u H o N
6
About Us
Final Inspection of Differential Assembly
Technology Roadmap
Autonomous /Connected
Electric
GaN Inverter
Liquid Cooled Inverter
High Voltage Inverter
DC-DC Converter
High Voltage Traction Motors
Integrated P4 e-Axle
Motors for Bots and Industrial Automation
Predictive Active Suspension Integrated Motor Controller Module
Low Voltage Inverter
Magnet-free, Axial Flux and Trapezoidal Stator designs
Mid-mount Drive Motor (PMSM)
Hub Wheel Motor (BLDC)
Belt-driven Starter Generator (BSG)
Rigid e-Axle
Active Biased Differential
Reduction Drive Unit
Diff Gears
Starter Motors
Diff Assembly
Independent suspension e-Axle
Net Spiral/ Hypoid Gears
Epicyclic Set
Future Products
Current Products
Legacy Products
Note: The product images shown are for illustration purposes only and may not be an exact representation of the products
8
New Program Win – Project Glide1
Predictive Active Suspension Integrated Motor Controller Module
~ 4,050 mn peak annual revenue2
FY25 SOP Year
Integrated Motor Controller Module (Motor + Controller + Software)
~2 million lines of code per IMCM
Exploded View of IMCM
Controller + Software
Stator + Rotor
Notes: 1. 2.
Customer name is not disclosed due to confidentiality policy We have applied a discount to the customer estimate
This video is for illustration purpose only and may not be an exact representation of the product
9
Sizeable and Increasing Presence in EVs
23% 9M FY22 Revenue Share
from BEV
3,556 mn 9M FY22 BEV segment
revenue
168% 9M FY22 BEV revenue
YoY growth
20 (7+13)1
BEV Programs1 awarded
across 11 customers as at the
end of Q2 FY22
+4
24 (7+17)1
BEV Programs1 awarded
across 14 customers as at the
end of Q3 FY22
Notes: 1.
Include programs currently in serial production as well as in the orderbook; numbers in brackets to be read as (# of programs in serial production + # of programs in orderbook)
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24 EV Programs across 141 different customers
North America 4 Customers 3 8
5
8
Europe 3 Customers 3 2
1
3
Asia 3 Customers 1 2 3
3
Programs in serial production
Programs in orderbook
Programs for differential assemblies / gears
Programs for traction motors / predictive active suspension motors
Programs for e-Axle
Notes: 1.
2 customers are present in more than one geography
10
India 7 Customers 3 7 4 3
3
11
Scaled Player with High and Profitable Growth Outlook Our net order book1 at Rs. 176 billion is 11.2x FY21 revenue
136 bn
Orderbook at the end of Q2 FY22
4 bn
Orders consumed from matured and ramp-up programs during Q3 FY22
44 bn
Orders added for programs won in Q3 FY22
176 bn
Orderbook at the end of Q3 FY22
EV Rs. 116 Billion (66.4%)
Non-EV Rs. 59 Billion (33.6%)
# of Programs
# of Customers
59.3% 10 7
PV
6.8% 6 5
0.3% 1 1
14.6% 27 13
12.4% 17 9
6.6% 42 15
2W &3W
CV
PV
CV
OHV
Notes: 1.
Net order book means the aggregate revenue from awarded programs which are either yet to start production or are yet to fully ramp up, in the next 10 years, after adjusting for the negative impact of all programs that are expected to reach end of life or be phased out. We have also applied a discount to accommodate any unforeseen delays or changes in program launches that may happen in the future.
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9M FY22 Financial Performance Highlights
15,806 mn | 54%
4,237 mn | 41%
2,569 mn | 65%
Revenue | YoY Growth
EBITDA | YoY Growth
PAT | YoY Growth
26.8% EBITDA Margin
16.3% PAT Margin
CY20
CY21
CY20
CY21
5.0%
6.3%
3.0%
4.6%
Global Market Share of Differential Gears1
Global Market Share of Starter Motors2
36.1%
RoCE3
Notes: 1. 2. 3.
As per Ricardo report Across light vehicles; as per Ricardo report ROCE = LTM EBIT/ Average tangible capital employed
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Thank you
Our final drive gears