LUMAXTECH

LATL:CS:IP:2023-24 Date: May 31, 2023 BSE Limited The National Stock Exchange of India Limited Listing & Compliance Department Listing & Compliance Department Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1 Block G, Dalal Street, Mumbai - 400001 Bandra Kurla Complex, Bandra (E), Mumbai – 400051 Security Code : 532796 Symbol: LUMAXTECH Subject: Investor Presentation for the 4th Quarter and Year ended March 31, 2023 Dear Sir/Ma'am, Please find enclosed herewith the Investor Presentation of the Company for the 4th Quarter and Year ended March 31, 2023. The aforesaid information shall also be made available on the website of the Company at www.lumaxworld.in/lumaxautotech This is for your Information and Records. Thanking you, For Lumax Auto Technologies Limited Pankaj Mahendru Company Secretary & Compliance Officer ICSI Membership No.- A28161 Encl: As stated Above Lumax Auto Technologies Limited Investor Presentation – Q4 FY2023 Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Lumax Auto Technologies Limited (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 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. 2 DK Jain Group 3 R&D Centres 37 Seven Decade 1 Engineering Centre Manufacturing Strong 2 Design centres in Facilities Taiwan & Czech 01 02 03 04 05 06 15 Entities in 7 Leader in Over 12,000 States Automotive Lighting Employees Gear Shifters 1 Overseas Entity Vehicle Interior Solutions in Czech Republic 4 Two Listed Entities Lumax Industries Limited Lumax Auto Technologies Limited Products & Services Products & Services Integrated Plastic modules, 2-wheeler Chassis, 2/3- End-to-end Automotive wheeler Lighting, Gear Shifters, Emission systems, Lighting Solutions Transmission Products, Seat Frames, Aftermarket, Telematics Products and Services, Oxygen Sensors, HVAC Panels and other On-board Antennas, Vehicle Interior Systems & electronic components Components, Manufacture and supply of electric devices and components including software related to automotive industry Partnerships • Stanley – Japan Partnerships • SL Corporation - Korea • JOPP – Germany • Cornaglia – Italy • YOKOWO – Japan • Mannoh – Japan 5% • Ituran – Israel • Alps Alpine – Japan • IAC - USA • FAE – Spain 53% Lumax Industries Limited Lumax Auto Technologies Limited 42% Other Entities FY23 Group Revenue – Rs. 4,438 Crs 5 Purpose, Vision & Values We deliver PRIDE and Our PROGRESS with Group POSITIVITY Purpose Respect Integrity Our Passion Values Excellence Building an ADMIRED HIGH PERFORMANCE Our Global Organisation in whom all stakeholders Vision have ABSOLUTE TRUST 6 Diversified Product Range – 4-wheelers VEHICLE INTERIOR SYSTEMS & COMPONENTS 7 Diversified Product Range – Commercial Vehicles VEHICLE INTERIOR SYSTEMS & COMPONENTS 9 Diversified Product Range – Farm Equipment Sector (FES) Revolving Lamp Rear Fender Lamp Engine lamp Head Lamp Work Lamp Front Fender Lamp Gear Shifter 10 37 Locations close to Customers State Plant # Bawal 2 Dharuhera 1 Haryana Gurugram 4 Manesar 4 Pune 9 Maharashtra Waluj 2 Nashik 1 Karnataka Bengaluru 4 Facilities Location Gurugram, Manesar, Gujarat Sanand & Mehsana 3 R&D Centre Pune Tamil Nadu Sriperumbudur 1 Engineering Pune Haridwar 1 Centre Uttarakhand Taiwan & Czech Design Centre Pantnagar 4 Republic Corporate HQ Gurugram Rajasthan Bhiwadi 1 After Market 37 Plants in 7 States 37 Gurugram Total Division Lumax Industries Limited & Lumax Auto Technologies Limited, along with its subsidiaries & Associates 11 Map not to scale. All data, information and maps are provided “as is” without warranty or any representation of accuracy, timeliness or completeness Fostering Partnerships to Deliver Excellence Japan Korea Italy Japan Relationship Since 1984 Relationship Since 1997 Relationship Since 2007 Relationship Since 2008 JV for lighting, HVAC panels and JV for lighting and other JV for emission systems JV for gear shifters other electronics automotive parts 50% in Lumax Cornaglia Auto 45% in Lumax Mannoh 37.5% in Lumax Industries Ltd. 78.72% in SL Lumax Ltd. Technologies Pvt. Ltd. Allied Technologies Ltd. Germany Japan Israel Spain Relationship Since 2019 Relationship Since 2017 Relationship Since 2017 Relationship Since 2020 JV for manufacture and supply JV for sale of telematics JV for oxygen sensors JV for manufacture and supply of of transmission products products and services 16% in Lumax FAE antennas & other vehicle 50% in Lumax Jopp Allied 50% in Lumax Ituran Technologies Pvt.Ltd. communication products Technologies Ltd. Telematics Pvt. Ltd. 50% in Lumax Yokowo Technologies Pvt.Ltd. Japan Japan USA Relationship Since 2021 Relationship Since 2023 JV for manufacture and supply of Relationship Since 2022 Partnership for Vehicle Interior electric devices and components TA for Kinematic Components Systems & Components 50% in Lumax Alps Alpine India Pvt. 25% in IAC India Ltd. 12 Relationships with Diversified Customers Two Wheeler Four Wheeler Commercial Vehicle Tier 1 13 The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only Relationships with Diversified Customers Tractor/FES Export Defence & Aero Space … Strong After Market Exports Presence The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 14 Lumax Auto Technologies Limited Driving Growth through Diversified Products Competitive Strengths Evolving with Our Partners Customer Outreach Lumax Brand Credible LUMAX Brand Partnered with international Strong OEM presence automotive Over 300 Channel Partners leaders to reinforce competitiveness Manufacturing Award Diversified Product R&D Centre Capabilities Portfolio • Company’s plants are • Plants of the Company • Govt certified R&D Integrated Plastic modules, 2- certified under ISO 14001 have received awards for wheeler Chassis & Lighting, Gear center Standards for Environment Quality initiatives in Shifters, Transmission Products, • Frontrunner in the Management Systems (EMS) various forums Emission Systems, Seat Frames, R&D, technology, and • Plants equipped with Energy • Several awards from Aftermarket, Oxygen sensors, innovation space Conservation Equipment different customers for Telematics Products, Antennas & meeting and exceeding other vehicle communication their targets products, Electric devices & components 16 Milestone 1981: Lumax Auto Electricals was 2013: Setup a plant at Narsapur, 2020: JV with Yokowo, Japan to manufacture and supply Antennas and other vehicle establishedtomanufacture2-wheeler Karnataka to manufacture Moulded communication products. Start of Commercial LightingatBhosari,Maharashtra parts; Formed JV with Gill Austem Production in Pantnagar, Uttarakhand under LLC, USA to manufacture Seat frames 1988: Name of the company was LCAT. &Mechanism changed to Dhanesh Auto Electricals StartofCommercialProductionbyLumaxFAE PvtLimited 2014: JV company with Mannoh LumaxGillAustemTechnologiesPvtLtd.name Industrial Company, Japan started as 1997: A Unit was setup in Waluj, changed to Lumax Mettalics Pvt. Ltd. and Lumax Mannoh Allied Technologies MaharashtratomanufactureChassis becomes100%subsidiaryofLATL Limited 2002: Setup the Plant at Chakan, 2021: Start of commercial production of JV 2015: Setup another Robotic Maharashtra to manufacture 2- with Alps Alpine to manufacture and sell Motorcycle Chassis plant in Waluj, wheelerLighting electric devices and components including Maharashtra; Formed JV with Sipal, 2006: Name of the company was softwarerelatedtotheautomotiveindustry Italy for Aerospace & Defence changed to Lumax Auto Technologies 2022:CommencedoperationsatBangalorefor Engineeringservices Limited manufacturingofGearShifteron1stApril2022 2007: Setup Seat frame 2017: Formed a JV with Ituran manufacturing plant in PCNTDA, LocationandControlLimited,Israelto Bhosari,Maharashtra. provide Telematics Products and Services. JV company with Cornaglia, Italy started as Lumax Cornaglia Auto Formed a JV with FAE, Spain to TechnologiesPvtLimited. manufactureOxygenSensors. ListedonStockExchange Set up Assembly facility in Mehsana, GujaratunderLMAT 2009: Entered a TA with Mannoh Industrial Company, Japan for 2018: Setup an R&D center under 2023:Acquisitionof75%stake manufacturingofGearShiftLever Lumax Cornaglia Auto Technologies in IAC India, a well established PvtLimitedatPune 2011: Setup state-of-the art Surface Tier 1 interior systems and MountedTechnologyunitinManesar, 2019: Inauguration of Chassis facility components supplier to key Haryana atAurangabad automotiveOEMsinIndia 2012: Setup the first Robotic JV with JOPP, Germany to Motorcycle Chassis plant in Waluj, manufacture and supply transmission Maharashtra products 17 Well defined Corporate Structure Lumax Auto Technologies Limited 50% 100% 55% 100% 100% Lumax Cornaglia Lumax Mannoh Lumax Mettalics Pvt Lumax Management Lumax Integrated Auto Technologies Allied Technologies Limited* Services Pvt Limited Ventures Limited Pvt Limited Limited June 2007 Nov 2013 July 2013 Jan 2015 May 1991 Management Air Intake Systems Seat Structures Gear Shifters Support 50% 84% 50% 50% 50% 75% Lumax JOPP Lumax FAE Lumax Ituran Lumax Yokowo Lumax Alps Allied Technologies Telematics Pvt Technologies Alpine India IAC India Technologies PvtLimited Limited Pvt. Ltd. Pvt. Ltd. PvtLimited April 2019 July 2017 August 2017 February 2020 September 2021 March 2023 On-board antennas and Transmission Telematics Products Electric devices and Interior systems and Oxygen Sensors other vehicle Products and Services components Components communication products *Application filed for merger with LATL Date of Incorporation Date of Acquisition 18 Cater to Diversified Segments After Market Presence in all Segments o Lighting Module(incl. o Gear Shift Lever o Integrated Plastic HL/TL/Indicators & o Gear Shift Tower Modules Others) o Control Housing o Gear Shift Lever o Chassis for 2- wheelers o Intake Systems o Seat Structures o Fabricated parts for o Seat Structures o Telematics Products 3-wheelers and Services o Integrated Plastic Modules o Integrated Plastic o Urea Tank Modules o Telematics Products and Services o Vehicle Interiors o Oxygen Sensors Components & o Antenna Systems o Telematics Products and Services o Electronic devices & components o Vehicle Interiors Components 19 & Systems Key Customer Relationships Four Wheeler Commercial Vehicle 2/3 Wheeler Export Tier 1 20 The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only Strategic Locations Close to Customers Manesar & Gurgaon (HR) Pantnagar (UK) No of Plants: 8 No of Plants:2 Integrated Plastic Modules Gear Shifters, Interior Systems & Lighting components Painted Parts Products Telematics Products Products Transmission Products OE Accessories Oxygen Sensors, On-board antennas Integrated Plastic Electronic devices & components Modules & Urea Tank Gurugram (HR) Domestic and Exports Trading -After Markets Pune & Nashik (MH) Mehsana (GJ) No of Plants:7 No of Plants: 1 Lighting, Air Intake System, Urea Tank Products Gear Shifters Products CAC Ducts, Fabrication, Interior Systems & components Waluj (MH) No of Plants:2 Bengaluru (KN) R&D Centre in Manesar Chassis & Fabricated No of Plants:3 Engineering Centre in Pune Products parts Integrated Plastic Modules, Gear Shifters, Products Interior Systems & components 23 Plants in 5 States 21 Map not to scale. All data, information and maps are provided “as is” without warranty or any representation of accuracy, timeliness or completeness Shareholding as of 31st March 2023 Shareholding breakup Others 24.61% Promoters Institutions 55.98% 19.41% 22 Experienced Promoters Mr. Dhanesh Kumar Jain Mr. Anmol Jain Mr. Deepak Jain Chairman Managing Director Director  He is 80 years of age & holds a MBA degree from  He is 44 years of age & holds Bachelors in  He is 48 years of age & is a Business Graduate Delhi university & has successfully completed Business Administration in Finance & Supply from Illinois Institute of Technology, USA with President Management Program from Harvard Chain Management (Double major) from specialization in Operations Management & Business School Michigan State University, U.S.A. International Business  Over 50 years of experience in the automotive  He worked as a Management Trainee with GHSP,  He has undergone extensive training at Stanley U.S.A. & subsequently, joined Lumax Group, in Co. Limited, U.S.A. & Stanley Electric Co. industry in management, operations & 2000 & has over 20 years of experience Limited, Japan. He has over 27 years administrative roles experience  He is currently the President of Honda Cars India  He has held various industry positions Supplier’s Club & MC member of Bajaj Auto  He is the immediate Past President of ACMA,  Past president of ACMA, president suppliers Vendor Association and Executive Council he was chairman of ACMA’s HR/IR & Skill association –Toyota Kirloskar Motors, member of ACMA, also holding the co- Development Committee, past chairman of Chairman of Trade Fairs Committee ACMA, Chairperson positions for both the Northern Sustainable Technology Development Co-chairman of Regional Committee on Region & Business Development vertical. Committee of ACMA, past National Membership of Northern Region CII, Past  He has held various positions in Industry Coordinator of Young Business Leader Forum Chairman of CSR sub-committee of the associations -He was the National Coordinator of ACMA and past president of Supplier’s club, Northern Region of CII of ACMA-YBLF from 2014-16. He was also the Honda Cars India Limited. Chairman CII Haryana State Council in 2012-13  He is also Chairman -CII Northern Region and is member of Young President’s organization and Entrepreneurs organization. He also holds the position of Vice President of Toyota Kirloskar Supplier’s Association  Kirloskar Supplier’s Association 23 Supported by Strong Independent Directors Mr. Roop Salotra Mr. Milap Jain Age: 72 years Age: 71 years Mechanical Engineer B.A. (Pol.Sc. Hons.) from Revenshaw College, Cuttack He retired from SRF Group, after spending 24 He is a retired Indian Revenue Service Officer years, as CEO & President, is now an advisor to with 38 years of service. He retired as Chief the Managing Director of SRF Limited. He has Commissioner of Delhi, Income Tax Department, been actively involved in CII – Climate Change & Govt. of India. Currently he is a Director of Environment councils. He is former Chairman of Mahavir International, a NGO IndianChemicalCouncil-NorthernRegion Ms. Diviya Chanana Mr. Arun Malhotra Mr. A P Gandhi Age: 64 years Age: 51 years Age: 84 years B.E Mechanical & Graduate & holds Mechanical Engineer MBA from IIM, Diploma in Travel and Kolkata Tourism She is Executive Director of DamusTravels Private He is an Indian automotive sector veteran, his last He has held top leadership positions in Limited. The Company is engaged in supporting assignment was as the Managing Director of prestigious organisations such as President at and auxiliary transport activities; activities of Nissan India and thereafter as Senior Corporate Hyundai Motors India Limited , Chief Executive – travel agencies Advisor at Nissan India. He has over 30 years of R&D at Escorts Limited & at Telco and having experience with organization like Escorts, Bajaj over40yearsofexperience. Auto Ltd, and Maruti Suzuki India Ltd 24 Professional & Experienced Team Mr. Sanjay Mehta Mr. Vikas Marwah Mr. Naval Khanna Mr. Ashish Dubey Mr. Sanjay Bhagat Director & Group CFO Chief Executive Officer Corporate Head – Chief Financial Officer Head After Market Age: 55 years Age: 55 years Taxation Age: 55 years Age: 55 years Experience: 30 Years Experience: 31 Years Age: 65 years Experience: 31 Years Experience: 30 years Experience: 44 years Mr. Abhinav Gera Mr. Sanjeev Bhati Mr. Rajesh Dubbewar Ms. Priyanka Sharma Mr. Pankaj Mahendru Chief Human Resource Officer Chief Sourcing Officer Head Metallic Corporate Company Secretary Age: 53 years Age: 55 years Communication Age: 36 years Age: 45 years Experience: 30 Years Experience: 30+ years Age: 54 Years Experience: 12 Years Experience: 22 Years Experience: 27 Years 25 Update on IAC India IAC India is a leading manufacturer of Interior & Exterior components to key automotive OEMs in India including Mahindra, Maruti Suzuki, Volkswagen and Volvo Eicher Commercial Vehicles among others. Financial Highlights (FY23) 13% 87% Passenger Vehicle Commercial Vehicles 26 pu-kaerB tnemgeS 10% 10% 4% 7% 69% IP Console & Cockpits Head liner & Overheads Flooring & Acoustics Other Exterior & Interior Items Door Items pu-kaerB tcudorP Wide Product Portfolio Instrument Panels, Door & Trim Revenue* EBIDTA %** Cockpits & Consoles Systems Rs. 635 Crs 16.5% Revenue growth* EBITDA growth** 76% 65%  Instrument Panels  Air Bag Chute  Pillar & IP Air Vents  Headliners  Glove Box and Cockpit  Floor Carpets (TPO) Headliner & Overhead Other Systems Components  Door Panels  Interior Soft Trims  Front End Carrier  Exterior Hard Trims  Door Trims & Systems  Tail Gate Trims *Excluding revenue from tooling sale and other operating income; **EBITDA adjusted for non-recurring income and accounting adjustments and % calculated on revenue excluding tooling sale and other operating income LumaxAuto Technologies Ltd acquired 75% of stake in IAC India. IAC India financials are consolidated with LumaxAuto Technologies Ltd from 10thMarch 2023 Key Initiatives for IAC India 01 Maintain strong leadership position with existing customers 02 Diversify/expand business with existing and new customers Unlock product synergies between lighting and plastic interior systems by 03 leveraging technical expertise of Lumax and IAC Leverage IAC India’s strong engineering center to design and develop new and 04 innovative technologies and products Operational synergies across manufacturing excellence, capacity utilization, 05 procurement, etc. 06 Existing management team will continue to drive the business forward Targeting to achieve higher revenues from EV platform over the next 3 to 5 07 years 27 Product-wise Revenue Break-Up 29 22YF 8% 7% 24% 13% 11% 19% 18% Intergrated Plastic Modules Fabrication Shifter Others After Market Lighting Emission *32YF 10% 7% 26% Rs. 1,508 Cr. 16% Rs. 1,847 Cr. 20% 8% 13% *Includes IAC revenue of Rs. 51 crs from 10th March 2023 to 31stMarch 2023 Segmental Revenue Break-Up: Category 30 22YF 9% 9% 43% 19% 20% *32YF 4% 9% 37% 20% Rs. 1,508 Cr. Rs. 1,847 Cr. 29% 2/3 Wheeler Passenger Car After Market CV Others *Includes IAC revenue of Rs. 51 crs from 10th March 2023 to 31stMarch 2023 Customer wise – Revenue Break-Up 15% 3% 34% 5% Rs. 1,508 Cr. 6% 8% 9% 19% Bajaj HMSI MSIL M&M After Market LIL Tata Others 31 22YF *32YF 20% 24% 7% Rs. 1,847 Cr. 6% 20% 9% 7% 8% *Includes IAC revenue of Rs. 51 crs from 10th March 2023 to 31stMarch 2023 Strong historical financial performance Revenue EBITDA^ Rs. Crores Rs. Crores Highest Ever Highest Ever 1,847 224 1,508 163 1,111 1,187 1,141 1,108 116 124 109 114 FY18 FY19 FY20 FY21 FY22 FY23# FY18 FY19 FY20 FY21* FY22 FY23# PAT After MI Cash PAT Rs. Crores Highest Ever Rs. Crores Highest Ever 93 145 69 109 49 53 50 47 74 80 84 81 FY18 FY19 FY20 FY21 FY22 FY23# FY18 FY19 FY20 FY21 FY22 FY23# ^EBITDA includes share of profits from JV’s & other income Consolidated *FY21 EBITDA: Excluding gain on sale of property –Rs. 2.22 crores excluded from Other Income #Includes IAC financials from 10thMarch 2023 to 31stMarch 2023 32 Expansion funded through Internal Accruals Gross Block Long Term Loan 1,005 407.0* 25.5 23.4 675 602 533 15.8 481 424 11.0 11.5 FY18 FY19 FY20 FY21 FY22 FY23# FY18 FY19 FY20 FY21 FY22 FY23# Capex Long Term Debt / Equity 132 0.62 0.05 0.05 79 68 65 0.03 0.03 0.03 52 50 FY18 FY19 FY20 FY21 FY22 FY23# FY18 FY19 FY20 FY21 FY22 FY23# * Net Debt = 145 cr Consolidated Rs. Crores # Includes IAC Financials 33 Return Ratios ROE (%) ROCE (%) 16.2 28.0 13.5 14.0 24.0 12.8 22.4 11.2 8.9 16.0 14.9 16.3 FY18 FY19 FY20 FY21 FY22 FY23# FY18 FY19 FY20 FY21 FY22 FY23# Dividend (% of Face Value) EPS^ (in Rs.) 225 13.6 175 10.2 150 150 150 7.8 7.3 7.3 6.9 100 FY18 FY19 FY20 FY21 FY22 FY23# FY18 FY19 FY20 FY21 FY22 FY23# Consolidated ROCE = EBIT / Capital Employed ^ EPS on FV of Rs. 2 per share Capital Employed = Networth+ Long Term Debt including Current Maturity #Includes IAC financials from 10th March 2023 to 31st March 2023 Networth= Shareholder’s Equity –OCI Reserve 34 Consolidated P&L Statement Particulars (Rs. in Crores.) Q4 FY23 Q4 FY22 Y-o-Y Q3 FY23 Q-o-Q FY23 FY22 Y-o-Y Revenue 493.3 416.9 18% 445.2 11% 1,847.5 1,507.9 23% Raw Material Consumption 323.9 284.6 301.0 1,241.1 1,027.9 Employee Expenses 55.3 40.7 48.0 198.5 162.8 Other Expenses 57.4 46.3 48.9 207.6 166.0 Other Income 5.3 3.9 6.9 23.9 12.8 Profit of JV 0.0 0.0 0 0.0 -0.6 EBITDA 61.9 49.2 26% 54.2 14% 224.1 163.5 37% EBITDA % 12.6% 11.8% 12.2% 12.1% 10.8% Depreciation 17.0 11.4 12.1 52.3 39.5 Finance Cost 6.8 2.7 3.4 16.3 9.3 Profit Before Tax (Before Exceptional Items) 38.1 35.2 8% 38.7 -2% 155.6 114.7 36% Exceptional Item Gain/(Loss) (8.8) (1.8) - (8.8) (1.8) Profit Before Tax 29.3 33.4 -12% 38.7 -24% 146.8 112.9 30% Tax 5.5 8.1 10.8 35.3 31.0 Profit After Tax (Before Minority Interest) 23.7 25.3 -6% 27.9 -15% 111.5 81.9 36% Minority Interest 5.1 4.4 4.6 18.6 12.5 Profit After Tax 18.6 21.0 -11% 23.3 -20% 92.9 69.4 34% PAT Margin% 3.8% 5.0% 5.2% 5.0% 4.6% EPS 2.74 3.09 3.43 13.63 10.18 35 Consolidated Balance Sheet ASSETS (Rs. in Crores.) Mar-23 Mar-22 EQUITY & LIABILITIES Mar-23 Mar-22 Non-current assets Equity Property, plant and equipment 566.7 349.2 Equity Share capital 13.6 13.6 Capital work-in-progress 12.9 12.1 Non-Controlling Interest 187.1 60.8 Investment Property 12.4 12.9 Other equity 648.0 530.3 Right-to-use asset 110.9 42.0 Goodwill 121.9 0.2 Sub-total -Shareholders' funds 848.7 604.7 Intangible assets 216.4 5.1 Investment in joint ventures 0.0 0.0 LIABILITIES Financial assets Non-current liabilities Investments 104.3 53.0 Financial liabilities Loans 0.6 0.4 Borrowings 394.7 10.2 Others 26.7 12.7 Lease Liability 95.0 33.1 Income Tax Assets 9.2 6.8 Provisions 2.5 0.0 Other non-current assets 11.8 14.9 Employee benefit liabilities 8.8 6.9 Deferred Tax Assets (net) 5.8 0.1 Deferred tax liabilities (net) 79.3 14.2 Sub-total -Non-Current Assets 1,199.5 509.3 Sub-total -Non-current liabilities 580.3 64.4 Current assets Current liabilities Inventories 161.1 111.8 Financial liabilities Financial assets Borrowings 157.5 114.3 Loans 1.0 0.6 Lease Liability 16.9 7.4 Investments 96.7 69.0 Trade payables 384.0 231.0 Trade receivables 461.2 266.4 Other financial liabilities 69.1 32.7 Cash and cash equivalents 74.6 48.4 Bank balances other than Cash 82.2 90.0 Employee benefit liabilities 22.6 17.1 Other Financial Assets 43.5 2.5 Other current liabilities 100.1 66.6 Other current assets 65.0 41.0 Current tax liabilities 5.6 0.6 Sub-total -Current Assets 985.3 629.6 Sub-total -Current liabilities 755.8 469.8 TOTAL -ASSETS 2,184.8 1,138.9 TOTAL -EQUITY AND LIABILITIES 2,184.8 1,138.9 36 Consolidated Cash Flow Statement Particulars (Rs. in Crores.) FY23 FY22 PBT 146.8 112.9 Adjustments 43.8 39.0 Operating profit before working capital changes 190.6 151.9 Changes in working capital -15.1 -31.6 Cash generated from operations 175.5 120.3 Direct taxes paid (net of refund) -38.3 -32.9 Net Cash from Operating Activities 137.2 87.4 Net Cash from Investing Activities -475.8 -65.4 Net Cash from Financing Activities 364.8 9.7 Net Change in cash and cash equivalents 26.2 31.8 Opening Cash Balance 48.4 16.7 Closing Cash Balance 74.6 48.4 37 Bagged two awards for Inner Parts Localisation & Value Analysis IInnddiiaa’’ss ##11 GGeeaarr SShhiifftt LLeevveerr mmaannuuffaaccttuurreerr LLuummaaxx MMaannnnoohh AAlllliieedd TTeecchhnnoollooggiieess,, wwaass tthhee pprroouudd rreecciippiieenntt ooff ttwwoo aawwaarrddss iinn ccaatteeggoorriieess -- IInnnneerr ppaarrttss LLooccaalliissaattiioonn aanndd vvaalluuee AAnnaallyyssiiss aatt MMSSVVCC 22002233 hhoosstteedd bbyy MMaarruuttii SSuuzzuukkii IInnddiiaa LLttdd aatt DDuubbaaii oonn 11sstt//22nndd MMaayy 22002233.. 39 Super Platinum Quality Award LLuummaaxx AAuuttoo TTeecchhnnoollooggiieess LLiimmiitteedd,, PPaannttnnaaggaarr rreecceeiivveedd tthhee SSuuppeerr PPllaattiinnuumm QQuuaalliittyy AAwwaarrdd ffrroomm BBaajjaajj AAuuttoo aatt tthhee BBAAVVAA CCoonnvveennttiioonn iinn JJaannuuaarryy 22002233.. KKuuddooss ttoo tthhee tteeaamm ffoorr tthheeiirr eexxttrraaoorrddiinnaarryy eeffffoorrttss iinn aacchhiieevviinngg tthhiiss mmiilleessttoonnee aanndd ddeelliivveerriinngg qquuaalliittyy pprroodduuccttss ttoo oouurr eesstteeeemmeedd ccuussttoommeerrss.. 40 Super Platinum Quality Award LLuummaaxx MMaannnnoohh AAlllliieedd TTeecchhnnoollooggiieess LLiimmiitteedd ffoorr rreecceeiivviinngg tthhee BBeesstt CCoosstt CCooooppeerraattiioonn iinn IISSRR22..00 AAwwaarrdd ffrroomm MMrr IIcchhiirroo SShhiimmookkaawwaa,, CChhiieeff PPrroodduuccttiioonn OOffffiicceerr && DDiirreeccttoorr –– PPrroodduuccttiioonn PPllaannnniinngg && CCoonnttrrooll aanndd MMrr YYuuttaakkaa HHoozzuummii,, SSeenniioorr ooppeerraattiinngg OOffffiicceerr -- HHGGIIDD ffrroomm HHoonnddaa CCaarrss IInnddiiaa aatt tthhee AAnnnnuuaall SSuupppplliieerr CCoonnvveennttiioonn oorrggaanniisseedd bbyy HHCCII SSuupppplliieerr CClluubb iinn FFeebbrruuaarryy 22002233.. 41 Silver Award – Toyota Kirloskar Suppliers Association TTeeaamm RRiisseerr ffrroomm LLuummaaxx MMaannnnoohh AAlllliieedd TTeecchhnnoollooggiieess LLiimmiitteedd ffoorr wwiinnnniinngg tthhee SSiillvveerr AAwwaarrdd aatt tthhee RReeggiioonnaall QQuuaalliittyy CCiirrccllee CCoommppeettiittiioonn oorrggaanniisseedd bbyy TTooyyoottaa KKiirrlloosskkaarr SSuupppplliieerrss AAssssoocciiaattiioonn iinn JJaannuuaarryy 22002233.. 42 ACMA Awards LLuummaaxx AAuuttoo TTeecchhnnoollooggiieess LLiimmiitteedd,, BBeennggaalluurruu wwoonn tthhee BBrroonnzzee AAwwaarrdd ffoorr EExxcceelllleennccee iinn MMaannuuffaaccttuurriinngg -- VVeerryy LLaarrggee CCaatteeggoorryy aatt tthhee AACCMMAA AAttmmaanniirrbbhhaarr EExxcceelllleennccee AAwwaarrddss 22002222 iinn MMaarrcchh 22002233.. 43 Bagged two awards for Design & Development & Overall Excellence At the Maruti Suzuki Vendor Conference 2022 held on 27th May, 2022 at Mumbai. 44 ACMA Awards Lumax Auto Technologies Limited, Bengaluru won the Silver Award for Excellence in Manufacturing - Very Large Category at the ACMA Atmanirbhar Excellence Awards 2021 in March 2022. Lumax Auto Technologies Limited, Pantnagar won the Bronze Award for Excellence in HSS - Very Large Category at the ACMA Atmanirbhar Excellence Awards 2021 in March 2022. 45 ACMA Awards HMSI Award for Strong CR efforts in process Kaizen for 2021-22 46 TPM Awards Chakan Plant – Category B in 2017 Bengaluru plant – excellence in Category A for the year 2019 47 ICQCC Awards Two Teams from Lumax Auto Technologies Limited participated in the ICQCC Competition held at Hyderabad in November 2021 bagging the Par Excellence Awards. 48 Best Annual Report Won the prestigious award for best annual report from League of American Communications Professionals (LACP) for excellence within its industry for the financial year 2018-19, 2019-20 & 2020-21 49 Recognition Lumax Mannoh Allied Technologies Ltd. received first ever Patent registration from the Government of India for invention in “Shift Knob Assembly” in January 2021 Toyota Kirloskar Motor Pvt Ltd. recognised the efforts and commitment of Lumax Mannoh Allied Technologies Limited towards providing timely and quality delivery to Toyota in 2020 50 Other Awards Team Avengers from Lumax Cornaglia Auto Technologies Pvt Ltd, Pune bagged the Excellent Award in Silver Category at the National Convention on Quality Concepts 2021 held in December 2021. Team from Lumax Auto Technologies Limited, Chakan was awarded the Silver Award in Renovative Category at the 41st CII National Kaizen Competition in September 2021. 51 Other Awards Lumax Mannoh Allied Technologies Limited, Manesar bagged the Second Runner Up at the First Best HR Practices Competition organised by ACMA held in March 2021. Lumax-DK Jain Group bagged 2 Gold and 1 Silver Awards at the 4th HR Excellence Awards organised by PNGI in December 2021. Lumax won the Gold Award in Covid Management - Large Corporates category and Ms Gayatri Yadav, Assistant Manager - HR bagged the Gold Award in Individual Category. Lumax Cornaglia Auto Technologies Pvt. Ltd. won the Silver Award in Employee Engagement - Small Category. 52 State-of-the-Art Manufacturing Facilities 53 State-of-the-Art Manufacturing Facilities 54 Social Initiatives by Lumax group towards ‘Quality Education’ for the society 55 Social Initiatives by Lumax group towards ‘Quality Education’ for the society 56 For further information, please contact: Company: Investor Relations Advisors: Lumax Auto Technologies Limited Strategic Growth Advisors Pvt. Limited CIN: L31909DL1981PLC349793 CIN: U74140MH2010PTC204285 Ms. Priyanka Sharma Mr. Shogun Jain / Mr. Sagar Shroff priyanka.sharma@lumaxmail.com shogun.jain@sgapl.net / sagar.shroff@sgapl.net Tel: +91 77383 77756 / +91 98205 19303 www.lumaxworld.in/lumaxautotech www.sgapl.net 57