Rane Holdings Ltd. — Earnings Release 2022

Aug 9, 2021

Registered Office Tel: 91 44 2811 2472 132, Cathedral Road, Chennai 600 086, India.

CIN: L35999TN1936PLC002202

Rane Holdings Limited

____________________________________

// Online submission //

RHL / SE /33/ 2021-22 August 09, 2021

BSE Limited	National Stock Exchange of India Ltd.
Listing Centre	NEAPS
Scrip Code: 505800	Symbol: RANEHOLDIN

Dear Sir / Madam,

Sub: Earnings Presentation – Un-Audited Financial Results for the Quarter ended June 30, 2021

Ref: Our letter RHL / SE / 26 /2021-22 dated August 03, 2021

This is with reference to the aforementioned letter intimating Earnings Conference Call scheduled on Tuesday, August 10, 2021 at 15:00 hours (IST), inter alia, to discuss the un-audited financial results for the quarter ended June 30, 2021. We enclose herewith copy of the Earnings presentation proposed to be made thereat, to the analyst and investors.

The same is also being made available on the website of the Company, www.ranegroup.com.

We request you to take the above on record and note the compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR).

Thanking you.

Yours faithfully,

For Rane Holdings Limited

Siva Chandrasekaran Secretary SIVA CHANDRASEKA RAN Digitally signed by SIVA CHANDRASEKARAN Date: 2021.08.09 17:15:25 +05'30'

Encl: a/a

Rane Group

Earnings Presentation | Q1 FY22

A u g u s t 2 0 2 1

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› Industry Performance Review – Q1 FY22

Outline

• › Rane Group Performance Review Q1 FY22
• › Group Companies Performance Highlights Q1 FY22

Industry Performance Review (Q1 FY22)

Vehicle Segment	Production YoYGrowth#in %	Rane Group SalesGrowthYoY in % (India OEM)	Rane Group RevenueSplit * (India OEM)
PassengerCars(PC)	470%	675%	43%
UtilityVehicles(MUV)	423%	576%	22%
Vans	605%	817%	1%
-TotalPassengerVehicle	452%	641%	66%
SmallCommercialVehicles(SCV)	307%	354%	1%
LightCommercialVehicles(LCV)	337%	335%	7%
Medium&HeavyCommercialVehicles(M&HCV)	506%	501%	12%
-TotalCommercialVehicle	373%	417%	20%
FarmTractors(FT)	121%	116%	8%
2-Wheeler	179%	229%	3%

* Other segments such as Rail, Defence, Stationary Engines and 3-Wheeler contribute around 3% # Source: SIAM

Q1 FY 22 numbers are strictly not comparable with Q1 FY 21

Group's performance against industry varies based on served customers/models

• › Industry Performance Review Q1 FY22
• › Rane Group Performance Review – Q1 FY22
• › Group Companies Performance Highlights Q1 FY22

Business Review

• Achieved highest Cylinder production in a month
• Domestic aftermarket is witnessing a strong recovery post wave 2 lockdown
• Certified as a 'Great Work place' by GPTW Institute, India for the 4th consecutive year
• US subsidiary company (LMCA), received USD 3.8 Mn on account of US Federal Stimulus benefits
• Higher exports mix 36%
• Execution of operational improvement initiatives were partially impacted due to wave 2 resultant lockdown and manpower availability.
• Achieved 100% schedule adherence despite supply chain constraints
• Enhancing exports expanded to Saudi Arabia, introduced new variants in Sri Lanka and Bangladesh
• Certified as a 'Great Work place' by GPTW Institute, India for the 5th consecutive year
• Maintained 60+% share in Domestic CV market for steering gear product
• Exports account for 67% of Occupant safety product sales
• Operational improvements and fixed cost control worked upon to partially mitigate inflationary pressures
• Continue to secure new business from MSIL for the upcoming programs
• Faced challenges on labour availability during wave 2 in April and May

Update on New Business Development

Continued to enhance the order book position across domestic and international customers

Customer Awards in Q1 FY22

	Customer Awards
Company	CUSTOMER	CATEGORY
•Rane(Madras)	Tata Motors	Best supplier for Quality
▪RaneNSK	Ashok Leyland	LCV Business Silver Award

'Customer at the core' remains our priority on the goal to sustainable growth and profitability

Opportunities and Risks

• › Favourable recovery in domestic
  • demand environment
• › Export demand remains robust
• › Strong order book position
• › Cost reduction and operational improvements

› Commodity price increases

• › Industry Performance Review Q1 FY22
• › Rane Group Performance Review Q1 FY22

› Group Companies Performance Highlights – Q1 FY22

Group Aggregate

Business Split – Group Aggregate (Q1 FY'22)

Financial Performance (Q1 FY'22) Rs. Cr

Q1	Q1
FY21	FY22
3141	10964,
(76	64
2)	1
(140	27
8)	2

*includes exceptional items *includes exceptional items

ConsolidatedRHL	Q1FY21	Q1FY22
TotalRevenue	1941	5319
EBITDA	(462)	234
PBT*	(1061)	196

Rane (Madras)

Business Split (Q1 FY'22) - Standalone

Standalone	Q1 FY21	Q1 FY22
Total Revenue	96.3	306.6
EBITDA	(12.5)	23.5
PBT	(32.1)	4.9

Consolidated	Q1FY21	Q1FY22
TotalRevenue	1143	3471
EBITDA	(279)	113
PBT*	(521)	164
*includes exceptional items

Rane Engine Valve

Business Split (Q1 FY'22)

Particulars	Q1FY21	Q1FY22
TotalRevenue	305	760
EBITDA	(165)	(23)
PBT	(251)	(89)

Rane Brake Lining

Business Split (Q1 FY'22)

Particulars	Q1FY21	Q1FY22
TotalRevenue	412	979
EBITDA	(36)	27
PBT	(100)	19

Rane TRW Steering Systems

Business Split (Q1 FY'22)

Particulars	Q1FY21	Q1FY22
TotalRevenue	865	2755
EBITDA	(156)	198
PBT	(273)	54

Rane NSK Steering Systems

Particulars	Q1FY21	Q1FY22
TotalRevenue	384	2979
EBITDA	(121)	289
PBT	(252)	138

Thank You

Rane Corporate Centre

"Maithri" 132, Cathedral Road, Chennai - 600 086, India

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For further information, please contact: investorservices@ranegroup.com or dpingle@christensenir.com

Not to be copied or distributed without permission of Rane Holdings Limited 16

Glossary of Abbreviations

Abbreviation	Expansion
CV	CommercialVehicle
Cr	Crores
EBITDA	Earnings Before Interest, Tax, Depreciationand Amortization
FT	Farm Tractors
FY	Financial Year
GPTW	Great Place ToWork
Intl	International
LCV	Light Commercial Vehicles
LMCA	Light Metal Casting America
MPV	Multi Purpose Vehicles
MSIL	Maruti SuzukiIndia Limited
MUV	Multi Utility Vehicles
M&HCV	Medium & Heavy Commercial Vehicles
OEM	Original Equipment Manufacturer

Abbreviation	Expansion
OES	Original Equipment Supplier
PBT	Profit Before Tax
PC	Passenger Car
Q1	Quarter 1
RBL	RaneBrake Lining Limited
REVL	RaneEngine Valve Limited
RHL	Rane Holdings Limited
RML	Rane (Madras) Limited
RNSS	Rane NSK Steering Systems Pvt Limited
RTSS	Rane TRW SteeringSystems Pvt Limited
SCV	Small Commercial Vehicles
SE	Stationary Engines
SIAM	Society of Indian Automobile Manufacturers
YoY	Year-on-Year
2W/3W	Two Wheeler/Three Wheeler

Disclaimer

This presentation may contain certain forward looking statements concerning Rane's future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements. The risks and uncertainties relating to these statements include, but not limited to risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and the target countries for exports, ability to attract and retain highly skilled professionals, government policies and action with respect to investments, fiscal deficits, regulations etc., interest and other fiscal costs generally prevailing in the economy. The company does not undertake to make any announcement in case any of these forward looking statement become materially incorrect in future or update any forward looking statements made from time to time by or on behalf of the Company.