Pricol Limited — Investor Presentation 2021

May 27, 2021

==> picture [526 x 159] intentionally omitted <==

PL/SEC/TGT/2021-2022 Thursday, 27[th] May, 2021

Listing Department Corporate Relationship Department National Stock Exchange of India Limited BSE Limited “Exchange Plaza’, C-1, Block G 1[st] Floor, New Trading Ring Bandra-Kurla Complex, Rotunda Building, P J Towers, Bandra (E), Mumbai - 400051 Dalal Street, Fort, Mumbai 400 001 Script Code: PRICOLLTD Script Code: 540293

Dear Sir,

Sub: INVESTOR PRESENTATION – Revised Version

Pursuant to Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we herewith submit the Revised version of the presentation to be used for the Investor Conference call on the audited financial results for the quarter and year ended 31[st] March 2021, to be held today at 1600 (IST).

This is for your information and records.

Thanking you

Yours faithfully, For Pricol Limited THANGAVEL Digitally signed by THANGAVEL GAJALAKSHMI GAJALAKSHMI THAMIZHANBAN THAMIZHANBAN Date: 2021.05.27 14:34:23 +05'30'

T.G.Thamizhanban Company Secretary ICSI M.No: F7897

Encl: As above

==> picture [276 x 84] intentionally omitted <==

PRICOL LIMITED Q4 & FY21 INVESTOR PRESENTATION 27[th] May 2021

==> picture [960 x 78] intentionally omitted <==

INDEX

01 Corporate Profile 02 Performance Indicators 03 Financials 04 Business Information 05 Sector Review

==> picture [960 x 84] intentionally omitted <==

COMPANY PROFILE

==> picture [960 x 78] intentionally omitted <==

Corporate Profile

Pricol Limited

• Pricol Limited commenced operations in 1974 with headquarters in Coimbatore, India

• 9 Manufacturing Locations

• 7 Manufacturing Locations in India

• IATF 16949:2016

• ISO 14001:2015

==> picture [225 x 112] intentionally omitted <==

• 1 Manufacturing Location in Indonesia

• ISO 45001:2018.

(Obtained ISO 9001 in the year 1993)

• 1 Subsidiary Location in India

• 2 International Offices in Tokyo & Singapore

• Total Income Details (INR In Crores)

FY 2019-20 : 1212.96

FY 2020-21 : 1397.81

Share Holding Pattern – March 31, 2021

==> picture [325 x 150] intentionally omitted <==

----- Start of picture text -----

Public
36.53%
63.47%
Promoter Family
----- End of picture text -----

==> picture [960 x 84] intentionally omitted <==

Our Presence

==> picture [633 x 390] intentionally omitted <==

==> picture [960 x 84] intentionally omitted <==

Product Verticals

==> picture [909 x 393] intentionally omitted <==

----- Start of picture text -----

Telematics
Driver Information System Sensors & Switches Pumps & Mechanical
Auto Electrical Products
Connected Vehicle Solution
Fuel Pump Wiping Systems
Module
TFR Type Fuel Level Sensor
Water Pumps
Connected Cluster
Reed Type Fuel Level Sensor
Oil Pumps
(Gerotor & Variable Oil Flow)
Speed Sensor
Camshaft/ Crankshaft
Position Sensor
----- End of picture text -----

==> picture [960 x 85] intentionally omitted <==

PERFORMANCE INDICATORS

==> picture [960 x 78] intentionally omitted <==

Rs. in Crores

Quarterly Highlights (Standalone)

Revenue from Operations

Operational EBITDA

==> picture [960 x 415] intentionally omitted <==

----- Start of picture text -----

439 421 65
372 54 57
263 38
104
2
Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21
Profit Before Tax Profit After Tax
21 19
20 31 27 3
-31 -29
-122
-121
Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21
Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21
----- End of picture text -----

Rs. in Crores

Yearly Highlights (Standalone)

Operational EBITDA

Revenue from Operations

==> picture [310 x 326] intentionally omitted <==

----- Start of picture text -----

1336
1297
1139
FY19 FY20 FY21
Profit Before Tax
47
-228 -217
FY19 FY20 FY21
----- End of picture text -----

==> picture [348 x 349] intentionally omitted <==

----- Start of picture text -----

178
102 98
FY19 FY20 FY21
Profit After Tax
15
-213
-228
FY19 FY20 FY21
----- End of picture text -----

==> picture [960 x 84] intentionally omitted <==

FINANCIALS

==> picture [960 x 78] intentionally omitted <==

Income – Q4 & FY21 (Standalone)

==> picture [676 x 308] intentionally omitted <==

----- Start of picture text -----

2020-21 2019-20
(Jan - Mar) (Jan - Mar)
Revenue from Operations 42,094.30 26,338.73
-
Growth % 59.82% 16.66%
Other Operating Revenue 1,646.57 1,390.00
Other Income 78.61 958.94
Total Revenue 43 819.48 28 687.67
, ,
----- End of picture text -----

Rs. In Lakhs	Rs. In Lakhs
2020-21 (Apr - Mar)	2019-20 (Apr - Mar)
1,33,615.33	1,13,904.87
17.30%	-12.19%
5,417.15	6,128.12
748.68	1,263.23
**1,39,781.16 **	1,21,296.22

==> picture [960 x 84] intentionally omitted <==

Profit from Operations– Q4 & FY21 (Standalone)

Rs. In Lakhs

	2020-21 (Jan - Mar)	2019-20 (Jan - Mar)
Profit /(Loss) Before Tax	2,676.27	(12,247.75)
Add : Amortisation of Intangibles	557.77	562.43
Add : Provision for Impairment-Non Current Investments	-	12,702.64
Profit / (Loss) from Operations before other Comprehensive Income	3,234.04	1,017.32
Other Comprehensive Income / (Expense)	(223.19)	256.38
Profit /(Loss) from Operations	3,010.85	1,273.70

	Rs. In Lakhs
2020-21 (Apr - Mar)	2019-20 (Apr - Mar)
4,651.68	(21,672.17)
2,262.07	2,262.07
-	19,072.36
6,913.75	(337.74)
20.25	295.08
6,934.00	(42.66)

EBITDA 2020-21 (Jan - Mar) 2019-20 (Jan - Mar) Profit /(Loss) from Operations 3,010.85 1,273.70 Depreciation 1,641.39 1,751.06 Interest 866.80 1,073.11 EBITDA 5,519.04 4,097.87 Revenue from Operations 42,094.30 26,338.73 EBITDA % on Revenue from Operations 13.11% 15.56%	EBITDA 2020-21 (Jan - Mar) 2019-20 (Jan - Mar) Profit /(Loss) from Operations 3,010.85 1,273.70 Depreciation 1,641.39 1,751.06 Interest 866.80 1,073.11 EBITDA 5,519.04 4,097.87 Revenue from Operations 42,094.30 26,338.73 EBITDA % on Revenue from Operations 13.11% 15.56%	EBITDA 2020-21 (Jan - Mar) 2019-20 (Jan - Mar) Profit /(Loss) from Operations 3,010.85 1,273.70 Depreciation 1,641.39 1,751.06 Interest 866.80 1,073.11 EBITDA 5,519.04 4,097.87 Revenue from Operations 42,094.30 26,338.73 EBITDA % on Revenue from Operations 13.11% 15.56%
	2020-21 (Jan - Mar)	2019-20 (Jan - Mar)	2020-21 (Apr - Mar)	2019-20 (Apr - Mar)
Profit /(Loss) from Operations	3,010.85	1,273.70	6,934.00	(42.66)
Depreciation	1,641.39	1,751.06	6,832.97	7,007.17
Interest	866.80	1,073.11	4,052.86	3,108.45
EBITDA	5,519.04	4,097.87	17,819.83	10,072.96
Revenue from Operations	42,094.30	26,338.73	1,33,615.33	1,13,904.87
EBITDA % on Revenue from Operations	13.11%	15.56%	13.34%	8.84%

==> picture [960 x 84] intentionally omitted <==

Cash Profit & Free Cash Flow – Q4 & FY21 (Standalone)

Rs. In Lakhs

CASH PROFIT

==> picture [686 x 286] intentionally omitted <==

----- Start of picture text -----

2020-21 2019-20
(Jan - Mar) (Jan - Mar)
EBITDA 5,519.04 4,097.87
Less : Interest 866.80 1,073.11
Cash Profit 4,652.24 3,024.76
FREE CASH FLOW
2020-21 2019-20
(Jan - Mar) (Jan - Mar)
Cash Profit 4,652.24 3,024.76
Less : Capex 1,033.04 799.81
FREE CASH FLOW AFTER CAPEX 3,619.20 2,224.95
----- End of picture text -----

2020-21 (Apr - Mar)	2019-20 (Apr - Mar)
17,819.83	10,072.96
4,052.86	3,108.45
13,766.97	6,964.51

2020-21 (Apr - Mar)	2019-20 (Apr - Mar)
13,766.97	6,964.51
2,967.04	5,372.77
10,799.93	1,591.74

==> picture [960 x 84] intentionally omitted <==

Balance Sheet – FY21 (Standalone)

Rs. In Lakhs

==> picture [456 x 386] intentionally omitted <==

----- Start of picture text -----

Standalone
Particulars 31-3-2021 31-3-2020
Lakhs Lakhs
Audited Audited
ASSETS
(1) Non-Current assets
(a) Property, Plant and Equipment 35,293.50 39,569.95
(b) Right of Use 3,675.97 3,307.93
(c) Capital Work-in-progress 1,975.66 2,025.41
(d) Investment Property 1,503.46 951.74
(e) Goodwill 8,940.60 9,934.00
(f) Other Intangible assets 11,681.86 14,036.10
(g) Intangible Assets under Development - 35.03
(h) Financial Assets
i) Investments 5,946.90 4,671.90
- -
ii) Loans
iii) Others 803.42 772.36
- -
(i) Deferred Tax Assets (Net)
(j) Other Non-Current assets 3,348.10 5,907.95
Total Non-Current Assets 73,169.47 81,212.37
(2) Current Assets
(a) Inventories 23,909.12 17,066.02
(b) Financial Assets
i) Investments 80.15 470.94
ii) Trade Receivables 18,247.98 16,927.96
iii) Cash and Cash equivalents 1,650.28 233.11
iv) Bank Balances other than (iii) above 1,180.88 1,084.24
v) Loans - 175.00
vi) Others 101.21 99.87
(c) Other Current Assets 1,481.91 1,532.81
Total Current Assets 46,651.53 37,589.95
TOTAL ASSETS 1,19,821.00 1,18,802.32
----- End of picture text -----

==> picture [960 x 84] intentionally omitted <==

Balance Sheet – FY21 (Standalone)

Rs. In Lakhs

	Particulars	Standalone	Standalone
		31-3-2021 **Lakhs**|31-3-2020<br> Lakhs
	EQUITY AND LIABILITIES (1) Equity (a) Equity Share Capital (b) Other Equity Total Equity (2) Non-Current Liabilities (a) Financial Liabilities i) Borrowings ii) Others (b) Provisions (c) Deferred Tax Liabilities (Net) (d) Other Non-Current Liabilities Total Non-Current Liabilities (3) Current Liabilities (a) Financial Liabilities i) Borrowings ii) Trade Payables - Total Outstanding dues of Micro Enterprises and Small Enterprises - Total Outstanding dues of creditors other than Micro Enterprises and Small Enterprises iii) Others (b) Other Current Liabilities (c) Provisions (d) Current Tax Liabilities (Net) Total Current Liabilities TOTAL EQUITY AND LIABILITIES	Audited	Audited
		1,218.81 51,132.97	947.97 41,978.38
		52,351.78	42,926.35
		18,551.43 3,400.17 990.35 5,735.66 -	20,410.09 2,791.70 1,023.17 5,189.85 12.02
		28,677.61	29,426.83
		- 545.87 26,656.22 9,826.67 1,203.28 559.57 -	8,819.84 87.68 26,083.14 10,124.91 919.70 413.87 -
		38,791.61	46,449.14
		1,19,821.00	1,18,802.32

Standalone Borrowings

==> picture [590 x 232] intentionally omitted <==

----- Start of picture text -----

Rs. In Lakhs
As on As on Increase /
Particulars 31-03-2021 31-03-2020 (Decrease)
Long Term Borrowings 22,983.45 25,508.93 (2,525.48)
-
Short Term Borrowings 8,819.84 (8,819.84)
Total 22,983.45 34,328.77 (11,345.32)
----- End of picture text -----

==> picture [960 x 84] intentionally omitted <==

Consolidated Borrowings

Rs. In Lakhs

As on As on Increase / Particulars 31-03-2021 31-03-2020 (Decrease) Long Term Borrowings 24,485.86 29,832.44 (5,346.58) Short Term Borrowings 309.71 13,310.91 (13,001.20) Total 24,795.57 43,143.35 (18,347.78)

==> picture [960 x 84] intentionally omitted <==

Total Income from Continued Operations – Q4 & FY21(Consolidated)

Rs. In Lakhs

==> picture [811 x 246] intentionally omitted <==

----- Start of picture text -----

2020-21 2019-20 2020-21 2019-20
(Jan - Mar) (Jan - Mar) (Apr - Mar) (Apr - Mar)
Revenue from Operations 42,970.27 26,909.55 1,35,894.19 1,17,814.76
Other Operating Revenue 1,646.57 1,390.00 5,417.15 6,128.12
Other Income 109.11 1117.13 783.96 1486.46
Total Revenue 44,725.95 29,416.68 1,42,095.30 1,25,429.34
----- End of picture text -----

==> picture [960 x 84] intentionally omitted <==

Profit from Continued Operations – Q4 & FY21(Consolidated)

Rs. In Lakhs

					Rs. In Lakhs
	2020-21	2019-20		2020-21	2019-20
	(Jan - Mar)	(Jan - Mar)		(Apr - Mar)	(Apr - Mar)
Profit /(Loss) Before Tax	2,433.46	397.53		4,849.52	(2,950.18)
Add : Amortisation of Intangibles	557.77	562.43		2,262.07	2,262.07
Profit from Operations before other Comprehensive Income	2,991.23	959.96		7,111.59	(688.11)
Other Comprehensive Income /(Expense)	(225.21)	283.97		18.23	322.67
Profit /(Loss) from Operations	2,766.02	1,243.93		7,129.82	(365.44)
EBITDA
	2020-21	2019-20		2020-21	2019-20
	(Jan - Mar)	(Jan - Mar)		(Apr - Mar)	(Apr - Mar)
Profit /(Loss) from Operations	2,766.02	1,243.93		7,129.82	(365.44)
Depreciation	1,719.33	1,821.54		7,156.96	7,331.56
Interest	930.82	1,123.55		4,307.05	3,381.71
EBITDA	5,416.17	4,189.02		18,593.83	10,347.83
Revenue from Operations	42,970.27	26,909.55		1,35,894.19	1,17,814.76
EBITDA % on Revenue from Operations	12.60%	15.57%		13.68%	8.78%

==> picture [960 x 84] intentionally omitted <==

BUSINESS INFORMATION

==> picture [960 x 78] intentionally omitted <==

Quarterly Sales JAN – MAR 2019-20 Vs 2020-21

Values & Numbers in Lakhs

		QUARTERLY SALES FROM JAN - MAR 2019-20 Vs 2020-21	QUARTERLY SALES FROM JAN - MAR 2019-20 Vs 2020-21	QUARTERLY SALES FROM JAN - MAR 2019-20 Vs 2020-21	QUARTERLY SALES FROM JAN - MAR 2019-20 Vs 2020-21	QUARTERLY SALES FROM JAN - MAR 2019-20 Vs 2020-21	QUARTERLY SALES FROM JAN - MAR 2019-20 Vs 2020-21
	Segment	Vehicle Production -Quantity			Pricol Sales - Value
		Jan to Mar 2019-20	Jan to Mar 2020-21	Growth	Jan to Mar 2019- 20	Jan to Mar 2020- 21	Growth
		A	B	%	C	D	%
	2/3 Wheelers	46.26	58.56	26.59%	16214	26485	63.34%
	4 Wheelers	7.90	9.71	22.96%	1359	1933	42.21%
	Commercial Vehicles	1.58	2.35	48.73%	1449	4396	203.40%
	Off Road Vehicles	1.17	1.63	39.32%	1573	2368	50.57%
	Tractors	1.45	2.38	64.80%	1187	1839	54.92%
	OEM	58.35	74.63	27.90%	21782	37020	69.96%
	After Market + Xenos				1240	1694	36.65%
	Asset Management Solutions				403	352	-12.62%
	SCMS- Domestic				252	302	19.87%
	Exports				2720	2775	2.02%
	Others				-57	-49	-15.24%
	Total				26339	42094	59.82%

Quarterly Sales JAN – MAR 2020-21 (Category-Wise)

Segment-Wise

Product-Wise

==> picture [343 x 185] intentionally omitted <==

----- Start of picture text -----

5%
6%
12%
5%
72%
----- End of picture text -----

==> picture [385 x 189] intentionally omitted <==

----- Start of picture text -----

2%
12%
3%
11%
65%
7%
----- End of picture text -----

==> picture [7 x 8] intentionally omitted <==

==> picture [7 x 7] intentionally omitted <==

2 / 3 Wheelers 4 Wheelers Commercial Vehicles Off Road Vehicles Tractors

==> picture [8 x 8] intentionally omitted <==

==> picture [8 x 7] intentionally omitted <==

==> picture [8 x 7] intentionally omitted <==

Driver Information System Fuel Level Sensor Oil Pump Chain Tensioner Fuel Pump Module Purge Control Valve Assembly

==> picture [959 x 85] intentionally omitted <==

Yearly Sales APR – MAR 2019-20 Vs 2020-21

Values & Numbers in Lakhs

	SALES FROM APR TO MAR 2019-20 Vs 2020-21	SALES FROM APR TO MAR 2019-20 Vs 2020-21	SALES FROM APR TO MAR 2019-20 Vs 2020-21	SALES FROM APR TO MAR 2019-20 Vs 2020-21	SALES FROM APR TO MAR 2019-20 Vs 2020-21	SALES FROM APR TO MAR 2019-20 Vs 2020-21
Segment	Vehicle Production -Quantity			Pricol Sales - Value
	Apr to Mar 2019- 20	Apr to Mar 2020-21	Growth	Apr to Mar 2019- 20	Apr to Mar 2020- 21	Growth
	A	B	%	C	D	%
2/3 Wheelers	221.66	189.61	-14.46%	77090	88525	14.83%
4 Wheelers	34.25	30.62	-10.60%	4028	5544	37.64%
Commercial Vehicles	7.57	6.25	-17.44%	6229	10636	70.75%
Off RoadVehicles	4.20	4.88	16.19%	5165	6348	22.90%
Tractors	6.95	8.99	29.35%	5158	5897	14.33%
OEM	274.63	240.35	-12.48%	97670	116950	19.74%
After Market + Xenos				5326	5327	0.03%
AssetManagement Solutions				897	1168	30.22%
SCMS- Domestic				1430	1042	-27.12%
Exports				8418	9115	8.28%
Others				164	12	-92.69%
Total				113905	133615	17.30%
Vehicle Production : 2019 & 2020 - SIAM Data.
Vehicle Production : Tractor volumes - ACMA Data.

==> picture [960 x 84] intentionally omitted <==

Yearly Sales APR – MAR 2020-21 (Category-Wise)

Segment-Wise

Product-Wise

==> picture [377 x 213] intentionally omitted <==

----- Start of picture text -----

5%
5%
9%
5%
26485
76%
----- End of picture text -----

2 / 3 Wheelers Off Road Vehicles

4 Wheelers Commercial Vehicles Tractors

==> picture [7 x 8] intentionally omitted <==

==> picture [7 x 8] intentionally omitted <==

==> picture [7 x 7] intentionally omitted <==

==> picture [7 x 7] intentionally omitted <==

==> picture [538 x 227] intentionally omitted <==

----- Start of picture text -----

2%
18%
3%
11%
60%
6%
----- End of picture text -----

Driver Information System Oil Pump Fuel Pump Module

Fuel Level Sensor Chain Tensioner Purge Control Valve Assembly

==> picture [7 x 7] intentionally omitted <==

==> picture [7 x 7] intentionally omitted <==

==> picture [7 x 7] intentionally omitted <==

==> picture [7 x 7] intentionally omitted <==

==> picture [7 x 7] intentionally omitted <==

==> picture [7 x 7] intentionally omitted <==

==> picture [960 x 84] intentionally omitted <==

Pricol Sales 2019-20 Vs 2020-21

==> picture [612 x 363] intentionally omitted <==

==> picture [960 x 84] intentionally omitted <==

New Business Wins

==> picture [960 x 84] intentionally omitted <==

2W Electronic Digital Clusters

==> picture [182 x 87] intentionally omitted <==

HMCL

(Glamour)

==> picture [194 x 98] intentionally omitted <==

==> picture [29 x 12] intentionally omitted <==

----- Start of picture text -----

TVS
----- End of picture text -----

(Star City Plus)

==> picture [146 x 109] intentionally omitted <==

Bajaj

(Husqvarna)

==> picture [244 x 98] intentionally omitted <==

Bajaj

(Adventure 250)

==> picture [203 x 105] intentionally omitted <==

HMCL

(Super Splendor)

==> picture [172 x 88] intentionally omitted <==

==> picture [44 x 12] intentionally omitted <==

----- Start of picture text -----

HMCL
----- End of picture text -----

(Extreme)

2W: Connected, LCD & TFT and EV Clusters

==> picture [197 x 79] intentionally omitted <==

==> picture [200 x 87] intentionally omitted <==

==> picture [200 x 94] intentionally omitted <==

Suzuki

TVS

(Access 125 & Burgman)

(iQube – Electric Scooter – TFT Cluster)

==> picture [125 x 145] intentionally omitted <==

==> picture [148 x 146] intentionally omitted <==

----- Start of picture text -----

TVS
----- End of picture text -----

==> picture [214 x 96] intentionally omitted <==

TVS

(Apache RR 310 – TFT Cluster)

(NTorq)

==> picture [960 x 84] intentionally omitted <==

PV and CV Clusters

==> picture [272 x 104] intentionally omitted <==

==> picture [258 x 113] intentionally omitted <==

Ashok Leyland Limited

TATA Motors

(New Generation CVs)

(Tiago, Tigor, Nexon)

==> picture [239 x 78] intentionally omitted <==

Force Motors

==> picture [253 x 97] intentionally omitted <==

VE Commercial Vehicles

(Traveller)

(Pro Series)

==> picture [960 x 84] intentionally omitted <==

Pumps and Mechanical Products

Fuel pumps

TVS

(Jupiter, Pep+)

==> picture [308 x 111] intentionally omitted <==

HMCL

(Passion Pro, Glamour, Extreme)

Electronic purge valve

==> picture [212 x 119] intentionally omitted <==

HMCL

(All BSVI Motorcycles & Scooters)

==> picture [960 x 84] intentionally omitted <==

Export Launches

==> picture [142 x 67] intentionally omitted <==

==> picture [134 x 45] intentionally omitted <==

----- Start of picture text -----

MOROCCO
----- End of picture text -----

==> picture [422 x 198] intentionally omitted <==

==> picture [257 x 149] intentionally omitted <==

EV – Instrument Cluster

==> picture [960 x 84] intentionally omitted <==

Export Launches

==> picture [143 x 41] intentionally omitted <==

==> picture [211 x 114] intentionally omitted <==

==> picture [71 x 46] intentionally omitted <==

----- Start of picture text -----

UK
----- End of picture text -----

==> picture [259 x 86] intentionally omitted <==

Warning Cluster

==> picture [130 x 145] intentionally omitted <==

TFT Instrument Cluster

==> picture [860 x 11] intentionally omitted <==

==> picture [156 x 63] intentionally omitted <==

==> picture [107 x 45] intentionally omitted <==

----- Start of picture text -----

TURKEY
----- End of picture text -----

==> picture [229 x 124] intentionally omitted <==

==> picture [195 x 115] intentionally omitted <==

Instrument Cluster

==> picture [960 x 84] intentionally omitted <==

Export Launches

==> picture [889 x 337] intentionally omitted <==

----- Start of picture text -----

USA
Marauder Oil Pump
MY19 oil pump
G4 Water Pump AST Oil Pump
USA
PD Oil pump Commando Oil PD water pump
pump
----- End of picture text -----

==> picture [960 x 84] intentionally omitted <==

Export Launches

==> picture [85 x 40] intentionally omitted <==

==> picture [861 x 282] intentionally omitted <==

----- Start of picture text -----

USA
LPSD Water Pumps
USA
LaMotta
----- End of picture text -----

LaMotta Oil pump LaMotta Water pump

==> picture [960 x 84] intentionally omitted <==

Export Launches

==> picture [117 x 89] intentionally omitted <==

Italy

==> picture [274 x 126] intentionally omitted <==

==> picture [186 x 94] intentionally omitted <==

Oil Pump

==> picture [860 x 11] intentionally omitted <==

==> picture [140 x 91] intentionally omitted <==

Germany

==> picture [239 x 113] intentionally omitted <==

==> picture [169 x 100] intentionally omitted <==

K67 Water/ Oil pump

==> picture [960 x 84] intentionally omitted <==

Export Launches

==> picture [154 x 113] intentionally omitted <==

Thailand

==> picture [259 x 115] intentionally omitted <==

==> picture [144 x 118] intentionally omitted <==

Speed Sensor

==> picture [860 x 11] intentionally omitted <==

==> picture [165 x 30] intentionally omitted <==

Germany

==> picture [239 x 123] intentionally omitted <==

==> picture [102 x 105] intentionally omitted <==

Speed Sensor

==> picture [960 x 84] intentionally omitted <==

Domestic Launches

==> picture [202 x 39] intentionally omitted <==

==> picture [243 x 94] intentionally omitted <==

==> picture [244 x 149] intentionally omitted <==

==> picture [370 x 149] intentionally omitted <==

==> picture [138 x 123] intentionally omitted <==

2L Water Pump

==> picture [128 x 110] intentionally omitted <==

Conventional Gerotor Oil Pump 2L Engine

==> picture [960 x 84] intentionally omitted <==

Domestic Launches

==> picture [202 x 40] intentionally omitted <==

==> picture [244 x 95] intentionally omitted <==

==> picture [232 x 186] intentionally omitted <==

==> picture [375 x 148] intentionally omitted <==

==> picture [244 x 104] intentionally omitted <==

Variable Displacement – Vane type Oil Pump (1.2 L Turbo Engine)

==> picture [960 x 84] intentionally omitted <==

SECTOR REVIEW

==> picture [960 x 78] intentionally omitted <==

Automotive Industry

• ➢ With the advent of COVID-10 Pandemic, the world economy suffered a great deal and auto sector was not left untouched. Bearing the brunt of the strict worldwide lockdown the auto sector witnessed unprecedented slowdown which consequently led to salary cuts and ultimately layoffs.

• ➢ After a year today while many countries have opened up although either partially or with strict guidelines in order to prevent the spread of COVID-19; India is witnessing the second wave which has proved to be more dangerous than the first one wherein the no of deaths are very high as compared to the first one.

• ➢ OEMs have decided either to shut down their plants for a few days or have opted to extend their annual maintenance which ultimately results in production loss. Furthermore, on the sales front as well the picture looks grim as the dealerships are closed and no festive season sales; which normally is the case. So, although the actual reported numbers might show growth on a Y-o-Y basis this is mainly due to the favorable base effect.

• ➢ The vaccination drive may provide some cushion to the spread of COVID-19; however if the paucity of vaccine persists and the vaccination drives gets stretched this shall have repercussions on the auto industry.

• ➢ All the above factors leads to downward revision of estimates of the figures.

Source: ICRA May 2021 Report

==> picture [960 x 84] intentionally omitted <==

Automotive Industry

➢ Shortage of Semiconductors

Global resurgence of the automotive industry and consumer electronics has caused a shortage of crucial semiconductors that has impacted raw material availability and trend is expected to continue.

Commodity Price Trend in the Last Four Years

➢ Steel

Steel Prices are witnessing an up cycle and are at an all time high which has significantly increased the input cost for the auto sector. Furthermore the prices are not likely to soften in the near term

➢ Aluminum

The aluminum prices are also at a multi-year high adding to the raw material cost incurred. These levels are expected to sustain and are unlikely to come down in the near term

➢ Copper

Even the copper prices which are trading at current highs are expected to sustain for the next few months before softening; FY2022 to be at a multi-year high.

Source: ACMA April 2021 and ICRA May 2021 Report

==> picture [960 x 84] intentionally omitted <==

Automotive Industry

• ➢ On the bright side, with two consecutive years of double digit decline, the domestic automotive industry, had been reporting healthy sequential recovery trends over the second half of FY2021, post relaxation of the lockdown-related restrictions

• ➢ Strong sequential improvement in M&HCV sales to continue, driven by rise in e-commerce, agriculture, infrastructure, and mining activities. We expect the strongest recovery in the CV segment in FY2022 and FY2023, driven by improved economic activities, low interest rate regime, and better financing availability

• ➢ Post the relaxation of the restrictions we again expect the demand for 2 Wheelers, we which cater to a large extent, to witness a pent up demand as consumers will try to avoid public transport

• ➢ Auto and auto ancillary stocks have undergone a healthy retracement after a strong up move during CY20. Most of the stocks have held their key support despite a host of negative news flow owing to surging Covid-19 cases in India, thereby offering favorable risk reward.

Source: ICRA May 2021 Report

==> picture [960 x 84] intentionally omitted <==

Automobile Industry

• ➢ Commercial Vehicle segment to witness growth optically better due to favorable base effect after two years of sharp contraction

• ➢ As far as the Tractor Industry is concerned a normal monsoon, higher MSP, supported by enhancement government support and incentive schemes and a favorable crop outlook, shall be beneficial to the sales in this segment

• ➢ Sales estimates of Passenger Vehicles, Two wheelers, Tractors and Commercial Vehicles are expected to post an average of 15% over FY22

==> picture [960 x 84] intentionally omitted <==

Source: ICRA May 2021 Report

Two Wheelers

➢ Estimates

The estimates for the two wheeler segment have been revised upwards by 10-15%

Industry Market – Growth Estimates

➢ Growth Drivers

• Preference for personal mobility in order to avoid public transport

• Reinstatement of salary cuts and increments

• Buoyant export demand

➢ Challenges

• Spread of pandemic to semi-urban and rural areas

• High inventory levels at dealerships

• Liquidity Constraints at macro level

Source: ICRA May 2021 Report

• Rising raw material costs

==> picture [960 x 84] intentionally omitted <==

Passenger Vehicles

➢ Estimates

Passenger Vehicle Industry Market -Growth Estimates

• Estimates revised downwards from 22-25% to 17-20%

➢ Growth Driver

• Preference for personal mobility due to continued need for social distancing

• Steady agri cash flows to aid rural demand

• Adequate financing availability

➢ Challenges

• Temporary extended shut down of production at OEM level

• • Disruption of the entire value chain of major industries in India, consequently affecting production of auto spares

==> picture [157 x 11] intentionally omitted <==

----- Start of picture text -----

Source: ICRA May 2021 Report
----- End of picture text -----

• Reduced consumer demand owing to strict travel restrictions

==> picture [960 x 84] intentionally omitted <==

Commercial Vehicles

➢ Estimates

• Estimates for commercial vehicles are revised downward by 10-15%

➢ Growth Driver

• Favorable base effect after two years of sharp contraction

• Demand from infrastructure vertical for medium & heavy commercial vehicles (M&HCVs) remains strong

• Increased last-mile transportation demand to support LCV (Truck)

➢ Challenges

• Hampered ecommerce sales, financing challenges and spread of pandemic to rural & semi urban areas

• Wipeout of seasonal demand from school, Continued work from home culture and weak tourism prospects

CV Industry Market -Growth Estimates

==> picture [436 x 246] intentionally omitted <==

Source: ICRA May 2021 Report

==> picture [960 x 84] intentionally omitted <==

Tractors

➢ Estimates

The estimates for the Tractors segment have been revised downwards to 1-4% from 4-6%

➢ Growth Drivers

• Normal Monsoon

• Favourable crop outlook

• Higher MSP Prices

• Ample finance available

➢ Challenges

Tractor Industry Market -Growth Estimates

==> picture [399 x 200] intentionally omitted <==

• Spread of pandemic to semi-urban and rural areas

• High base impact-FY2021 ended with the highest ever industry sales

Source: ICRA May 2021 Report

• Unfavourable monsoon

==> picture [960 x 84] intentionally omitted <==

Disclaimer

The contents of this presentation are for informational purposes only and for the reader’s personal non-commercial use. The contents are intended but not guaranteed to be correct compete or absolutely accurate. This presentation also contains forward-looking statements based on the currently held beliefs and assumptions of the Management of the Company, which are expressed in good faith and in their opinion are reasonable.

Forward looking statements involve known and unknown risks, contingencies, uncertainties, market conditions 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. The Company disclaims any obligation or liability to any person for any cause. loss or damage caused by errors or omissions whether arising from negligence, accident or any other

of this are not to construe its contents or or communications from or Recipients presentation any prior subsequent with the Company or its representatives as investment advice. In addition this presentation does not purport to be all inclusive or to contain all the information that may be required to make a full analysis of the Company and of the relevance and adequacy of the information and should make such other investigations as they deem necessary.

==> picture [960 x 84] intentionally omitted <==

==> picture [436 x 291] intentionally omitted <==

For Further Information contact:

T.G.Thamizhanban

Company Secretary, Pricol Limited E-mail: investor@pricol.com

Gaurav Girdhar / Geetanjali Singh Investor Relations Tel: +022 40558900

M: +91 7798232425 /+91 8058062213

E-mail: gaurav.g@conceptpr.com /geetanjali.s@conceptpr.com

==> picture [960 x 84] intentionally omitted <==