Lumax Auto Technologies Ltd. — Investor Presentation 2021

Jun 13, 2021

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LATL:CS:IP:2021‐22

Date : 13.06.2021

BSE Limited National Stock Exchange of India Limited Listing Compliance Department Listing Compliance Department Phiroze Jeejeebhoy Towers, Exchange Plaza, C‐1 Block G, Dalal Street, Mumbai ‐ 400 001 Bandra Kurla Complex, Bandra (E), Mumbai – 400051 Scrip Code : 532796 Symbol : LUMAXTECH

Subject: Investor Presentation for the 4[th] Quarter and Financial Year ended on 31[st] March, 2021

Dear Sir/Ma’am,

Please find enclosed herewith the Investor Presentation of the Company for the 4[th] Quarter and Financial Year ended on 31[st] March, 2021.

The same 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,

Yours faithfully,

For Lumax Auto Technologies Limited Anil Tyagi Company Secretary M.No. A‐16825

Encl.: as above

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Lumax Auto Technologies Limited Investor Presentation – Q4 & FY 2021

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Safe Harbor

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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

75 Glorious Years of Lumax DK Jain Group

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3

DK Jain Group

Seven Decade Strong

15 Entities in 8 States

4 R&D Centres (India) & 1 Design Centre (Taiwan)

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Leader in Automotive Lighting & Gear Shifters

33 Manufacturing Facilities

Over 9,000 Employees

4

Two Listed Entities

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Lumax Auto Technologies Limited

Products & Services

Intake Systems, Integrated Plastic modules, 2‐wheeler Chassis & Lighting, Gear Shifters, Transmission Products, Seat Frames, Aftermarket, Telematics Products and Services, Oxygen Sensors, On‐board Antennas

Partnerships

• Cornaglia SPA ‐ Italy

• FAE – Spain

• Mannoh Industrial Co. Limited – Japan

• JOPP – Germany

• Ituran – Israel

• YOKOWO – Japan

Group Revenue Break Up (%) FY21 Revenue of Rs. 2,700 Cr

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6%
53%
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41%
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Lumax Industries Limited

Products & Services

End‐to‐end Automotive Lighting Solutions

HVAC Panels and other electronic components

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Lumax Industries Limited Lumax Auto Technologies Limited Other Entities

Partnerships

• Stanley – Japan

• SL Corporation ‐ Korea

5

Purpose, Vision & Values

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6

Diversified Product Range – 4‐wheelers & CV

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Telematics Products & Services
Antennas
HVAC
Panel
Transmission Products
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• Destination Boards & Urea Tanks for Commercial Vehicle

• Aftermarket products

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Diversified Product Range – 2‐wheelers

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Diversified Product Range – Commercial Vehicles

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Diversified Product Range – Farm Equipment Sector (FES)

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Revolving Lamp
Rear Fender Lamp
Engine lamp
Head Lamp
Work Lamp
Front Fender Lamp
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Fostering Partnerships to Deliver Excellence

JV FOR LIGHTING, HVAC PANELS AND OTHER ELECTRONICS

• JV FOR LIGHTING AND OTHER AUTOMOTIVE PARTS

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JV FOR EMISSION SYSTEMS

JV FOR GEAR SHIFTERS

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Fostering Partnerships to Deliver Excellence

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JV FOR SALE OF TELEMATICS PRODUCTS AND SERVICES

JV FOR OXYGEN SENSORS

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GERMANY

JAPAN

JV FOR MANUFACTURE AND SUPPLY TRANSMISSION PRODUCTS

Relationship Since 2019 50% in Lumax Jopp Allied Technologies Ltd

JV FOR MANUFACTURE AND SUPPLY ANTENNAS & OTHER VEHICLE COMMUNICATION PRODUCTS

Relationship Since 2020

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33 Locations close to Customers

Facilities Location Gurugram, Manesar, R&D Centre Pune Design Centre Taiwan Corporate HQ Gurugram After Market Gurugram Division

33 Plants in 8 States

Lumax Industries Limited & Lumax Auto Technologies Limited, along with its subsidiaries, JVs & Associates

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	State	Mfg Locations	#
	Haryana	Bawal	1
		Dharuhera	1
		Gurugram	3
		Manesar	4
	Maharashtra	Pune	9
		Waluj	3
	Karnataka	Bengaluru	2
	Gujarat	Sanand	1
		Mehsana	1
	Tamil Nadu	Sriperumbudur	1
	Andhra Pradesh	Anantpur	1
	Uttarakhand	Haridwar	1
		Pantnagar	4
	Himachal Pradesh	Kale Amb	1
	Total		33

Map not to scale. All data, information and maps are provided “as is” without warranty or any representation of accuracy, timeliness or completeness

13

Enhanced 360°Customer View

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Understand the Customer

• A real understanding of varying customer needs & the capability to deliver outstanding results

Environmental Conscious

• Environment‐conscious work practices

Research & Development

• Government approved 3 R&D facilities & 1 Overseas Design Centre in Taiwan

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Experienced Team

• Highly Qualified & Experienced workforce of dedicated professionals

Technology Leadership

• Partnerships with global players provides competitive edge

• Avant‐grade technology at par with the best players worldwide

Global Footprints

Faster Turnaround

• Global footprint through exports

• Lightning‐fast turnaround time & impressive speed to market

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Relationships with Diversified Customers

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Two Wheeler

Four Wheeler

Commercial Vehicle

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Tier 1

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The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only

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Relationships with Diversified Customers

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Tractor/FES

Export

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Defence & Aero Space

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… Strong After Market Exports Presence

The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only

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Lumax Auto Technologies Limited Driving Growth through Diversified Products

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Competitive Strengths

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Award

Lumax Brand

Awarded with Prestigious JIPM Award

Renowned LUMAX Brand

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Auditors
Customer Outreach
Statutory Auditors ‐ S. R. Strong OEM presence
Batliboi & Co. LLP. &
Over 300 Channel Partners
Internal Audit by Deloitte
Products & Services
Intake Systems, Integrated Plastic
R&D Centre
modules, 2‐wheeler Chassis & Lighting,
Govt certified R&D center Gear Shifters, Transmission Products, Seat
Frames, Aftermarket, Oxygen sensors,
Telematics Products, Antennas & other
vehicle communication products
Manufacturing Capabilities
Partnerships
Manufacturing Plants with Quality 6 Successful Partnerships
Certifications across India with Global Players
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18

Milestones

1981: Lumax Auto Electricals was established to manufacture 2‐wheeler Lighting at Bhosari, Maharashtra

1988: Name of the company was changed to Dhanesh Auto Electricals Pvt Limited

1981‐90

1997: A Unit was setup in Waluj, Maharashtra to manufacture Chassis

2000: The company was selected as cluster member for TPM activities by Bajaj Auto

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1991‐2000
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2001‐2006
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2002: Setup the Plant at Chakan, Maharashtra to manufacture 2‐wheeler Lighting

2006: Lumax DK Auto Industries Limited became a 100% subsidiary. Name of the company was changed to Lumax Auto Technologies Limited

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2007‐10
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2007: Setup Seat frame manufacturing plant in PCNTDA, Bhosari, Maharashtra.

JV company with Cornaglia, Italy started as Lumax Cornaglia Auto Technologies Pvt Limited.

Lumax Auto Technologies Limited listed on Stock exchange

2009: Entered a TA with Mannoh Industrial Company, Japan for manufacturing of Gear Shift Lever

2010: Setup a unit at Kala‐ Amb, HP to manufacture diversified auto components for After Market

19

Milestones

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2013: Setup a plant at Narsapur, Karnataka to manufacture Moulded parts

Formed JV with Gill Austem LLC, USA to manufacture Seat frames & Mechanism

2011: Setup state‐of‐the art Surface Mounted Technology unit in Manesar, Haryana

2012: Setup the first Robotic Motorcycle Chassis plant in Waluj, Maharashtra. Pantnagar plant received TPM excellence award from JIPM

2014: JV company with Mannoh Industrial Company, Japan started as Lumax Mannoh Allied Technologies Limited

2013‐14

2015‐16

2015: Setup another Robotic Motorcycle Chassis plant in Waluj, Maharashtra

Formed JV with Sipal, Italy for Aerospace & Defence Engineering services

2011‐12

2016: Pantnagar plant received TPM consistency award from JIPM

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Milestones

2017: Chakan plant received TPM excellence award from JIPM

Formed a JV with Ituran Location and Control Limited, Israel to provide Telematics Products and Services

Formed a JV with FAE, Spain to manufacture Oxygen Sensors

Set up Assembly facility in Mehsana, Gujarat under LMAT 2017

2018: Setup an R&D center under Lumax Cornaglia Auto Technologies Pvt Limited at Pune

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2018
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2020
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2020: Bengaluru plant has been awarded JIPM‐TPM Excellence award

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2019
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JV with Yokowo, Japan to manufacture and supply Antennas and other vehicle communication products

2019: Inauguration of Chassis facility at Aurangabad

Start of Commercial Production in Pantnagar, Uttarakhand under LCAT Start of Commercial Production by Lumax FAE

JV with JOPP, Germany to manufacture and supply transmission products to the Indian automotive industry

Subsidiary entity Lumax DK Auto Industries Limited merged with the Standalone entity

Lumax Gill Austem Technologies Pvt Ltd. name changed to Lumax Mettalics Pvt. Ltd. and becomes 100% subsidiary of LATL.

Bengaluru plant received TPM consistency award from JIPM subsidiary of LATL. 21

Well defined Corporate Structure

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Lumax Auto Technologies Limited

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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 Holding Company
Support
45%
SIPAL Engineering Pvt.
50% 51% 50% 50% Limited
Feb 2015
Lumax Yokowo
Lumax JOPP Allied Lumax FAE Lumax Ituran
Technologies Pvt Technologies Pvt Telematics Pvt Technologies Pvt. Aerospace & Defence
Ltd. Space Engineering
Limited Limited Limited
100%
February 2020 Lumax Energy
April 2019 July 2017 August 2017 Solutions Pvt. Limited
Transmission Telematics Products On‐board antennas and Oct 2003
Products Oxygen Sensors and Services other vehicle
communication products
Date of Incorporation Subsidiaries Associate
Formerly known as Lumax Gill Austem Technologies Pvt. Ltd.
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Fostering Partnerships to Deliver Excellence

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Italy
Japan Spain
JV for Emission Systems JV for Gear Shifters JV for Oxygen Sensors
Relationship Since 2007 Relationship Since 2008 2017
50% in Lumax Cornaglia Auto
45% in Lumax Mannoh Allied 49% in Lumax FAE
Technologies Pvt Limited
Technologies Limited Technologies Pvt Limited
Israel Germany Japan
JV for Telematics Products JV for Gear Shift Towers, JV for Antennas & other Vehicle
and Services AMT Kits & AGS Communication Products
2017 2019 2020
50% in Lumax Ituran 50% in Lumax JOPP Allied
Telematics Pvt Limited Technologies
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23

Cater to Diversified Segments

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 Lighting Module(incl.  Gear Shift Lever  Integrated Plastic
HL/TL/Indicators & Put Text Here Modules Your Text Here
 Gear Shift Tower
Others)
 Gear Shift Lever

 Chassis for 2‐wheelers Control Housing
 Seat Structures

 Intake Systems
Fabricated parts for 3‐
wheelers  Telematics Products
 Seat Structures
and Services
 Integrated Plastic
Modules  Integrated Plastic  Urea Tank
Modules
 Oxygen Sensors
 Telematics Products
 Telematics Products and Services
and Services
After Market Presence in all Segments
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24

Key Customer Relationships

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Four Wheeler

Commercial Vehicle

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Tier 1

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Export

Two Wheeler

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The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only

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Strategic Locations Close to Customers

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Manesar & Gurgaon (HR)
Pantnagar (UK)
No of Plants: 4
No of Plants: 2
Integrated Plastic
Lighting
Modules
Products Gear Shifters Painted Parts
Products
Transmission Products
OE Accessories
Oxygen Sensors
Urea Tank
Gurugram (HR)
Domestic and Exports Trading ‐ After
Markets
Chakan & Bhosari ( (MH)
Mehsana (GJ) No of Plants: 6
No of Plants: 1 Lighting, Air Intake
Products Gear Shifters Products System, Urea Tank
CAC Ducts, Fabrication
Waluj (MH)
No of Plants: 3
Bengaluru (KN) R&D Centre in
Manesar & Pune Chassis & Fabricated
No of Plants: 1 Products
parts
Integrated Plastic
Products
Modules
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17 Plants in 5 States

Map not to scale. All data, information and maps are provided “as is” without warranty or any representation of accuracy, timeliness or completeness

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Shareholding as of 31[st ] March, 2021

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Shareholding breakup

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Others
18.59%
Promoters
Institutions
55.98%
25.43%
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27

Clear focus on Improving Performance

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1 Achieve Leadership in India & Set Sight on the Global Market The Only Gear Shifter Manufacturer in India to have Localised R&D Capability and 2 Gearing to Access the Global Markets – Emission Systems Increase Presence in Domestic Market & Enhance Customer 3 Outreach – Seat Frames & 2‐Wheeler Chassis Increase Presence in Domestic Market & 4 Enhance Customer Outreach 5 Diversification – All Diversifications Planned in Future to be under LATL 6 Ramping‐up “After Market Business” to see Accelerated Growth 7 Benefits from BS VI

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Experienced Promoters

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Mr. Dhanesh Kumar Jain Chairman

 He is 78 years of age & holds a MBA degree from Delhi university & has successfully completed President Management Program from Harvard Business School

 Over 50 years of experience in the automotive industry in management, operations & administrative roles

• He has held various industry positions Past president of ACMA, president suppliers association – Toyota Kirloskar Motors, Chairman of Trade Fairs Committee ACMA, Co‐ chairman of Regional Committee on Membership of Northern Region CII, Past Chairman of CSR sub‐ committee of the Northern Region of CII

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Mr. Anmol Jain Managing Director

 He is 42 years of age & holds Bachelors in Business Administration in Finance & Supply Chain Management (Double major) from Michigan State University, U.S.A.

• He worked as a Management Trainee with GHSP, U.S.A. & subsequently, joined Lumax Group, in 2000 & has over 20 years of experience

• He has held various positions in Industry associations like He was the National Coordinator of ACMA‐ YBLF from 2014‐16. He was also the Chairman CII Haryana State Council in 2012‐13

• He is currently the President of Honda Cars India Supplier’s Club & MC member of Bajaj Auto Vendor Association

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Mr. Deepak Jain Director

 He is 46 years of age & is a Business Graduate from Illinois Institute of Technology, USA with specialization in Operations Management & International Business

 He has undergone extensive training at Stanley Co. Limited, U.S.A. & Stanley Electric Co. Limited, Japan. He has over 25 years experience

 He was chairman of ACMA’s HR/IR & Skill Development Committee, past chairman of Sustainable Technology Development Committee of ACMA, past National Coordinator of Young Business Leader Forum of ACMA and past president of Supplier’s club, Honda Cars India Limited

 He is member of Young President’s organization and Entrepreneurs organization. He also holds the position of President of ACMA & Vice President of Toyota Kirloskar Supplier’s Association

29

Supported by Strong Independent Directors

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Ms. Diviya Chanana Mr. Arun Malhotra

Mr. Roop Salotra Mr. Milap Jain  He is 71 years of age &  He is 70 years of is a Mechanical age & holds B.A. (Pol.Sc. Hons.) Engineer, followed by from Revenshaw various Management Development programs College, Cuttack  He retired from SRF  He is a retired Group, after spending Indian Revenue Service Officer 24 years, as CEO & President, is now an with 38 years of advisor to the service. He retired Managing Director of as Chief SRF Limited. He has Commissioner of been actively involved Delhi, Income Tax in CII – Climate Change Department, Govt. & Environment of India. Currently councils. He is former he is a Director of Chairman of Indian Mahavir Chemical Council‐ International, a Northern Region NGO

• She is 51 years of  He is 63 years of age age and she is a & holds B.E Graduate & holds Mechanical & MBA Diploma in Travel from IIM, Kolkata and Tourism. She  He is an Indian has over 15 years automotive sector of rich experience veteran, his last in the said field assignment was as the

• She is Executive Managing Director of Director of Damus Nissan India and Travels Private thereafter as Senior Limited. The Corporate Advisor at Company is Nissan India engaged in  He has over 30 years supporting and of experience with auxiliary transport organization like activities; activities Escorts, Bajaj Auto of travel agencies

 He has over 30 years of experience with organization like Escorts, Bajaj Auto Ltd, and Maruti Suzuki India Ltd

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Mr. A P Gandhi

• He is 83 years old & is a mechanical engineer

• He has held top leadership positions in prestigious organisations having over 40 years of experience

• His last assignment was as President at Hyundai Motors India Limited. Prior to that he was Chief Executive –R&D at Escorts Limited & at Telco before that, holding various senior positions in the area of manufacturing operations

Professional & Experienced Team

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Mr. Sanjay Mehta Director & Group CFO Age: 53 years Experience: 29 Years

Mr. Vikas Marwah Chief Executive Officer Age: 54 years Experience: 30 Years

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Mr. Lalitendu Samanta

Mr. Atul Jain

Corporate Head – HR, IR & CSR

Corporate Head ‐ Materials Age: 50 years Experience: 27 Years

Age: 54 Years Experience: 30+ Years

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Mr. Naval Khanna Corporate Head – Taxation Age: 63 years Experience: 43 years

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Ms. Priyanka Sharma

Corporate Communication Age: 52 years Experience: 26 Years

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Mr. Raajesh Gupta Group Company Secretary Age: 51 Years Experience: 28 Years

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Mr. Ashish Dubey Chief Financial Officer Age: 53 years Experience: 29 Years

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Professional & Experienced Team

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Mr. Rajesh Dubbewar Head Metallic Age: 53 years Experience: 30+ years

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Mr Ashish Popli
Head Mechatronics
Age: 43 years
Experience: 21 years
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Mr. Sanjay Bhagat Head After Market Age: 54 years Experience: 29 years

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Mr Anil Tyagi
Company Secretary
Age: 49 years
Experience: 22 years
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Financial Performance

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Product‐wise Revenue Q4 FY21

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Product‐wise Revenue mix Q4 FY20

(Rs. 273 Crores)

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Product‐wise Revenue mix Q4 FY21
(Rs. 388 Crores)
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Other Other
Integrated
9% Integrated Emmision 6%
Emmision Plastic
Plastic 7%
5% Modules
Modules
25%
28%
Shifter Shifter
11% 12%
Lighting
Lighting
12%
13%
After
Fabrication Fabrication
After
Market
15% 17%
Market
21%
19%
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Product‐wise Revenue FY21

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Product‐wise Revenue mix FY20

Product‐wise Revenue mix FY21

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(Rs. 1,141 Crores) (Rs. 1,108 Crores)
Others Others
Emission Emission
4% 8% Integrated 7% 6% Intergrated
Plastic Plastic
Modules Modules
30% 28%
Shifter Shifter
11% 11%
Lighting Lighting
13% 12%
After
Fabrication After Fabrication
Market 20%
16% Market 18% 16%
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Segmental Revenue Break‐Up Q4 FY21: Category

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Category Q4 FY20

(Rs. 273 Crores)

Category Q4 FY21 (Rs. 388 Crores)

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11%
9%
8%
11%
42%
41%
19%
21%
20%
18%
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2/3 Wheeler Passenger Car After Market CV Others

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2/3 Wheeler Passenger Car After Market CV Others

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Segmental Revenue Break‐Up FY21: Category

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Category FY20

(Rs. 1,141 Crores)

Category FY21 (Rs. 1,108 Crores)

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7% 7%
7%
10%
45%
48%
18%
20%
20% 18%
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2/3 Wheeler Passenger Car After Market CV Others

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2/3 Wheeler Passenger Car After Market CV Others

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Customer wise – Revenue Q4 FY21

Customer wise Q4 FY20

(Rs. 273 Crores)

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Toyota Others
2% Lear 17%
Bajaj
2%
Tata
34%
2%
MSIL
7%
HMSI
After Market
8%
LIL 19%
9%
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Customer wise Q4 FY21

(Rs. 388 Crores)

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Toyota Lear
2% 1%
Others
Tata Bajaj
14%
6% 32%
MSIL
6%
HMSI
9%
LIL After Market
9% 21%
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Customer wise – Revenue FY21

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Customer wise FY20

(Rs. 1,141 Crores)

Customer wise FY21 (Rs. 1,108 Crores)

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Toyota Lear
Toyota
1% 1%
2% Lear Others
Tata 2% 12% Tata Others
1%
Bajaj 5% 13% Bajaj
37% 35%
MSIL
MSIL
7%
6%
HMSI
10%
HMSI
11% LIL
LIL After Market 9% After Market
10% 18% 20%
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Consolidated Quarterly Performance Highlights

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Revenue EBIDTA PAT
11.5%7.7% 1 12 0 . 2 % 2.2% 5.4%
+122% +246%
+42%
47 21
388
273
21
6
Q4FY20 Q4FY21 Q4FY20 Q4FY21 Q4FY20 Q4FY21
11.7% 12.0% 6.3% 5.4%
+10%
+6% ‐9%
47 23
388
365 43 21
Q3FY21 Q4FY21 Q3FY21 Q4FY21 Q3FY21 Q4FY21
Y‐o‐Y Performance
Q‐o‐Q Performance
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Rs. Crores *Q3FY21 EBITDA: Excluding gain on sale of property – Rs. 2.22 crores excluded from Other Income

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FY21 Highlights ‐ Consolidated

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Revenue EBIDTA PAT
9.5% 10.3% 4.4% 4.3%
1,141 114 50
1,108 109 47
FY20 FY21 FY20 FY21 FY20 FY21
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Rs. Crores *FY21 EBITDA: Excluding gain on sale of property – Rs. 2.22 crores excluded from Other Income

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Strong historical financial performance

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Revenue

EBITDA^

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1,187.0
1,111.5 1,140.9 1,107.9
965.4
FY17 FY18 FY19 FY20 FY21
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123.9
116.2 113.9
108.8
86.1
FY17 FY18 FY19 FY20 FY21
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PAT After MI

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Cash PAT
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53.2 84.3
48.7 49.8 47.1 74.0 80.3 81.3
58.1
34.5
FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21
Financials as per IND AS
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Consolidated

Rs. Crores

^EBITDA includes share of profits from JV’s & other income

• FY21 EBITDA: Excluding gain on sale of property – Rs. 2.22 crores excluded from Other Income

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Expansion funded through Internal Accruals

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Gross Block

Long Term Loan

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606 25.5
23.4
533
481
424
375
15.0
11.0 11.5
FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21
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Capex

Long Term Debt / Equity

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79 0.05
0.05
0.05
65
52 50
0.03 0.03
36
FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21
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Consolidated

Rs. Crores * Financials as per IND AS

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Return Ratios

ROE (%)

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16.2
13.5
11.2
10.7
8.9
FY17 FY18 FY19 FY20 FY21
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Dividend (% of Face Value)

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150.0 150.0 150.0
100.0
47.0
FY17 FY18 FY19 FY20 FY21
(Proposed)
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Consolidated

• Financials as per IND AS ^ EPS on FV of Rs. 2 per share

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ROCE (%)
28.0
24.0
18.5
16.0
14.9
FY17 FY18 FY19 FY20 FY21
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EPS^ (in Rs.)

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7.8
7.2 7.3 7.3
6.9
FY18 FY19 FY20 FY21 FY21
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ROCE = EBIT / Capital Employed Capital Employed = Networth + Long Term Debt including Current Maturity Networth = Shareholder’s Equity – OCI Reserve 44

Consolidated P&L Statement

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Particulars (Rs. in Crores.)	Q4 FY21	Q4 FY20	Y‐o‐Y	FY21	FY20	Y‐o‐Y
Revenue	388.0	272.7	42%	1,107.9	1,140.9	‐3%
Raw Material Consumption	264.1	184.4		750.7	772.4
Employee Expenses	40.3	32.0		132.4	134.8
Other Expenses	40.8	41.7		126.8	142.8
Other Income	4.0	6.5		18.2*	18.1
Profit of JV	‐0.1	‐0.2		‐0.1	‐0.3
EBITDA	46.6	21.0	122%	116.1	108.8	7%
EBITDA %	12.0%	7.7%		10.5%	9.5%
Depreciation	9.2	8.3		34.2	34.5
Finance Cost	2.0	2.4		9.8	9.6
Profit Before Tax Before Excpetional Items	35.5	10.3	245%	72.1	64.7	12%
Exceptional Item Gain/(Loss)	‐0.6	0.0		‐0.6	0.0
Profit Before Tax	34.8	10.3	239%	71.5	64.7	11%
Tax	9.9	4.1		20.3	13.7
Profit After Tax (Before Minority Interest)	24.9	6.2	299%	51.2	51.0	0%
Minority Interest	3.9	0.2		4.0	1.2
Adjusted Profit After Tax	21.0	6.1	246%	47.1	49.8	‐5%
PAT Margin%	5.4%	2.2%		4.3%	4.4%
EPS	3.08	0.89		6.91	7.30

*FY21 EBITDA includes gain on sale of property – Rs. 2.22 crores (part of Other income)

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Consolidated Balance Sheet

ASSETS(Rs. in Crores.)	Mar‐21	Mar‐20
Non‐current assets
Property, plant and equipment	331.54	307.42
Capital work‐in‐progress	9.33	20.74
Investment Property	17.59	18.16
Right‐to‐use asset	28.10	27.34
Goodwill	0.17	0.17
Other Intangible assets	3.33	1.95
Investment in Jointlycontrolled Entities	1.02	0.75
Financial assets
Investments	89.40	50.14
Loans	6.23	5.81
Others	‐	1.50
Income Tax Assets	0.46	3.22
Other non‐current assets	15.67	16.60
Deferred Tax Assets(net)	0.09	1.00
Assets held for Sale	0.00	0.00
Sub‐total ‐ Non‐Current Assets	502.93	454.80
Current assets
Inventories	83.59	64.43
Financial assets
Loans	0.60	0.81
Investments	40.35	11.31
Trade receivables	222.98	192.77
Cash and cash equivalents	16.66	36.96
Bank balances other than Cash	81.30	66.66
Other Financial Assets	12.68	1.95
Other current assets	28.57	27.94
Assets held for Sale	‐	3.66
Sub‐total ‐ Current Assets	486.73	406.49
TOTAL ‐ ASSETS	989.66	861.29

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EQUITY & LIABILITIES	Mar‐21	Mar‐20
Equity
EquityShare capital	13.63	13.63
Non ControllingInterest	40.37	42.14
Other equity	517.09	432.53
Sub‐total ‐ Shareholders' funds	571.09	488.30
LIABILITIES
Non‐current liabilities
Financial liabilities
Borrowings	5.52	16.76
Provisions	6.31	5.46
Other Non Current Liabilities	18.68	21.35
Deferred tax liabilities(net)	14.06	13.72
Sub‐total ‐ Non‐current liabilities	44.57	57.30
Current liabilities
Financial liabilities
Borrowings	46.84	71.52
Tradepayables	204.79	157.39
Other financial liabilities	52.57	39.16
Provisions	15.44	11.88
Other current liabilities	51.69	35.74
Current tax liabilities	2.67	0.00
Sub‐total ‐ Current liabilities	374.00	315.70
TOTAL ‐ EQUITY AND LIABILITIES	989.66	861.29

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Consolidated Cash Flow Statement

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Particulars (Rs in Cr)	FY21	FY20
Proftt before tax from continuing opetations	71.5	64.7
Profit before tax from discontinued operations	0.0	9.5
Adjustments	31.2	36.0
Operating profit before working capital changes	102.7	110.2
Changes in working capital	10.0	‐14.1
Cash generated from operations	112.7	96.1
Direct taxes paid (net of refund)	‐14.5	‐19.9
Net Cash from Operating Activities	98.2	76.2
Net Cash from Investing Activities	‐75.8	‐31.9
Net Cash from Financing Activities	‐42.6	‐33.3
Net Change in cash and cash equivalents	‐20.3	10.9
Opening Cash Balance	37.0	26.0
Closing Cash Balance	16.7	37.0

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Awards & Recognitions

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Awards & Recognition

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Lumax Metallic Private Limited, Pune won the – Gold Award in the category Excellence in HSE Small at the ACMA Excellence Awards 2020 in February 2021.

Lumax Auto Technologies Limited, Bengaluru won JIPM‐TPM award for excellence in Category A for the year 2019

Lumax Auto Technologies Limited, Pantnagar won the Silver Award in Excellence in HSE (Health, Safety and Environment) ‐ Very Large Category at ACMA Technology Summit & Awards in November, 2019.

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Awards & Recognition

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Lumax Mannoh Allied Technologies Limited, Manesar won the Bronze Award in Excellence in HR at the ACMA Technology Summit & Awards in November, 2019.

Lumax Mannoh Allied Technologies Limited, Manesar bagged Silver Award at ICQCC 2019 held at Tokyo, Japan in September, 2019. A total of 368 teams from 13 countries participated in the global Quality Control Circles competition.

Lumax Mannoh Allied Technologies Limited awarded for Improvement in Quality Performance by Maruti Suzuki India Limited in May, 2019

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Awards & Recognition

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Lumax Cornaglia Auto Technologies Pvt. Ltd. was awarded the Silver Award in Manufacturing Excellence (Medium Category) and Lumax Auto Technologies Limited , Pantnagar was awarded the Silver Award in Manufacturing Excellence (Large Category) by ACMA in 2019

Lumax Gill‐Austem Auto Technologies Pvt Ltd won the Gold Award in Excellence in HSE (Health, ‐ Safety & Environment) Small Category at the ACMA Technology Summit & Awards in November, 2019.

LATL Chakan Plant, Received JIPM Award for TPM Excellence, Category B on 23[rd] March 2017

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Awards & Recognition

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Won the prestigious Gold award for Won the prestigious Platinum award Top 100 best annual report from for best annual report from League of League of American Communications American Communications Professionals (LACP) for excellence Professionals (LACP) for excellence within its industry for the financial year within its industry for the financial year 2018‐19 2019‐20

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Awards & Recognition

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Lumax Mannoh Allied Technologies Ltd. received first ever Patent registration from the Government of India for invention in “Shift Knob Assembly” in January 21

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State‐of‐the‐Art Manufacturing Facilities

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State‐of‐the‐Art Manufacturing Facilities

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CSR Initiatives

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Education

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Towards its endeavour to give back to society, the group has taken various initiatives towards Education of the underprivileged. Four schools in the NCR region, close to its facilities have been adopted, starting with improving its infrastructure, to facilitating the annual fee so as to ensure a conducive environment for learning and continuity in education.

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Health

Also provide support towards maintaining good health of the community around its facilities

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For further information, please contact:

Company:

Investor Relations Advisors:

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Lumax Auto Technologies Limited CIN: L31909DL1981PLC349793 Ms. Priyanka Sharma priyanka.sharma@lumaxmail.com www.lumaxworld.in/lumaxautotech

Strategic Growth Advisors Pvt. Limited CIN: U74140MH2010PTC204285

Mr. Shogun Jain / Ms. Akashi Modi shogun.jain@sgapl.net / akashi.modi@sgapl.net Tel: +91 77383 77756 / +91 96198 96128 www.sgapl.net

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