RICO Auto Industries Ltd. — Earnings Release 2022

Nov 15, 2021

RI co Al<O AUTO II\IDUSTRIES LIMITED

REGO. & CORP. OFFICE: 38 KM STONE, DELHI-JAIPUR HIGHWAY, GURUGRAM -122001, HARYANA (INDIA) EMAIL: rico@ricoauto.in WEBSITE: www.ricoauto.in TEL. : +91 124 2824000 FAX: +91 124 2824200 CIN: L34300HR1983PLC023187

RAIL:SEC:2021 BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400001 Scrip Code-520008 November 15, 2021 National Stock Exchange of India Limited Exchange Plaza, 5thFloor, Plot No.C/1, G. Block Bandra-Kurla Complex Sandra (E) Mumbai - 400 051 Scrip Code- RICOAUTO	RAIL:SEC:2021 BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400001 Scrip Code-520008 November 15, 2021 National Stock Exchange of India Limited Exchange Plaza, 5thFloor, Plot No.C/1, G. Block Bandra-Kurla Complex Sandra (E) Mumbai - 400 051 Scrip Code- RICOAUTO
BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400001 Scrip Code-520008	National Stock Exchange of India Limited Exchange Plaza, 5thFloor, Plot No.C/1, G. Block Bandra-Kurla Complex Sandra (E) Mumbai - 400 051 Scrip Code- RICOAUTO

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Sub : Earnings Release

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Dear Sir/Madam,

In continuation to our letter dated 9[th ] November, 2021, enclosed herewith a copy of Earnings Release issued by the Company on Unaudited Financial Results for the quarter ended[3] 0[th] September, 2021.

Thanking you,

Yours faithfully,

for Rico Auto Industries Limited

Bi� B.M. Jhafub Company Secretary FCS: 2446 Encl : As above

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Date: 15[th] November, 2021

EARNINGS RELEASE

Gurugram, Haryana: Rico Auto Industries Ltd (NSE: RICOAUTO; BSE: 520008), a world-class engineering Company supplying a wide range of high precision fully machined Aluminium and Ferrous components and assemblies to automotive OEMs across the globe for Electric Vehicles, Electrified Vehicles and Engine Vehicles . It has strong in-house R&D Capabilities. Rico’s integrated services include design, development, tooling, casting, machining and assembly across commodities. All results are unaudited.

Financial Highlights (Consolidated)

Quarterly (YoY)

	Particulars (in INR Crs)		Q2FY22		Q2FY21		Change
Total Revenue			482.93		402.45		20.00%
EBITDA			45.80		27.60		65.94%
EBITDA Margin			9.48%		6.86%		263 bps
Net Profit/(Loss)			6.78		(4.49)		NA
Net Profit/(Loss) Margin			1.40%		(1.12%)		252 bps
EPS			0.49		(0.35)

Quarterly (YoY) Q2FY22 Q2FY21	Total Revenue	Domestic Sales	Exports
	483	371(77%)	112(23%)
	402	308(77%)	94(23%)

Quarterly (QoQ)

	Particulars (in INR Crs)		Q2FY22		Q1FY22		Change
Total Revenue			482.93		401.16		20.38%
EBITDA			45.80		34.81		31.57%
EBITDA Margin			9.48%		8.68%		81 bps
Net Profit/(Loss)			6.78		(1.21)		NA
Net Profit/(Loss) Margin			1.40%		(0.30%)		171 bps
EPS			0.49		(0.08)

	Quarterly (QoQ)		Total Revenue		Domestic Sales		Exports
	Q2FY22		483		371(77%)	112(23%)
	Q1FY22		401		302(75%)	99(25%)

Rico Auto Industries Limited

Regd. & Corp. Office: 38 K M Stone, Delhi - Jaipur Highway, Gurugram, HR 122001. | Tel.: +91 124 2824000 Website: www.ricoauto.in

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Consolidated H1FY22 vs H1FY21:

	Particulars (in INR Crs)		H1FY22		H1FY21		Change
Total Revenue			884.09		548.64		61.14%
EBITDA			80.61		17.79		353.12%
EBITDA Margin			9.12%		3.24%		588 bps
Net Profit/(Loss)			5.57		(29.16)		NA
Net Profit/(Loss) Margin			0.63%		(5.31%)		595 bps
EPS			0.41		(2.15)

Half Yearly (YoY)		Total Revenue		Domestic Sales		Exports
H1FY22		884		673(76%)	211(24%)
H1FY21		549		407(74%)	142(26%)

Financial Highlights (Standalone)

Quarterly (YoY)

	Particulars (in INR Crs)		Q2FY22		Q2FY21		Change
Total Revenue			419.23		353.42		18.62%
EBITDA			40.83		21.55		89.47%
EBITDA Margin			9.74%		6.10%		364 bps
Net Profit/(Loss)			8.56		(4.19)		NA
Net Profit/(Loss) Margin			2.04%		(1.19%)		323 bps
EPS			0.63		(0.31)

Quarterly (QoQ)

	Particulars (in INR Crs)		Q2FY22		Q1FY22		Change
Total Revenue			419.23		343.55		22.03%
EBITDA			40.83		27.69		47.45%
EBITDA Margin			9.74%		8.06%		168 bps
Net Profit/(Loss)			8.56		(2.33)		NA
Net Profit/(Loss) Margin			2.04%		(0.68%)		272 bps
EPS			0.63		(0.17)

Rico Auto Industries Limited

Regd. & Corp. Office: 38 K M Stone, Delhi - Jaipur Highway, Gurugram, HR 122001. | Tel.: +91 124 2824000 Website: www.ricoauto.in

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New Business

Major Developments Q2FY22

• Given our strong brand coupled with commitment to customer and suppliers, in H1FY22, we have been nominated for new business of Program Value Rs. 718 Cr. Annualized Peak Value Rs. 172 Cr.

• More potential business with customers under discussion.

About Rico Auto Industries Ltd

RICO is an established and reputed engineering group sharply focused on the automobile industry. We manufacture and supply world class high precision and fully machined components & assemblies both aluminum and ferrous - to leading OEMs across the Globe for Electric Vehicles, Electrified Vehicles and Engine Vehicles. Our multiple fully integrated production facilities are equipped to offer complete spectrum of services from designing of components to development of tools, casting and precision machining and assembly of auto components. The result of this exemplary service is the strong customer relationships we share with the most prestigious names in the national and international automotive industry. We have continued to remain a preferred supplier to these valued brands. Strategic linkages with leading fellow automotive suppliers have given RICO a further technological edge. RICO continually works towards achieving the highest levels of efficiency, productivity and profitability - so as to sustain growth and deliver consistent value to both customers and stakeholders.

Investor Relations Contact

Vijay Gyanchandani| S-Ancial Technologies Pvt. Ltd. | vijay@s-ancial.com | +91 9619438448

Forward‐looking statements

All statements included or incorporated by reference in this presentation, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our industry, management's beliefs and certain assumptions made by us. Although Rico Auto Industries Limited believes that the expectations reflected in such forward looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Any forward-looking statement speaks only as of the date on which such statement was made, and Rico Auto Industries Limited undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by, forward looking statements within this disclosure will occur, or if they do, that any benefits may be derived from them.

Rico Auto Industries Limited

Regd. & Corp. Office: 38 K M Stone, Delhi - Jaipur Highway, Gurugram, HR 122001. | Tel.: +91 124 2824000 Website: www.ricoauto.in