RICO Auto Industries Ltd. — Earnings Release 2022

Aug 16, 2021

RI co Al<O AUTO II\IDUSTRIES LIMITED

REGD. & COR P. OFFI CE : 38 KM STONE, DELHI-JAI PUR HIG HWAY, GURUGRAM -122001, HARYANA (INDIA) EMAIL: rico@ricoauto.in WEBSITE: www.ricoauto.in TEL.: +91124 2824000 FAX: +91124 2824200 CIN: L34300HR19 83PLC 023187

RAIL:SEC:2021

August 16, 2021

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

Sub : Earnings Release

Dear Sir/Madam,

In continuation to our letter dated 12[th ] August, 2021, enclosed herewith a copy of Earnings Release issued by the Company on Unaudited Financial Results for the quarter ended 30[th ] June, 2021.

Thanking you, Yours faithfully, for Rico Auto Industries Limited B.M. Jh�mb Company Secretary �1/ FCS: 2446

Encl : As above

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Date: 16[th] August, 2021

EARNINGS RELEASE

Gurugram, Haryana: 16[th] August, 2021 – Rico Auto Industries Ltd (NSE: RICOAUTO; BSE: 520008), a worldclass engineering Company supplying a wide range of high precision fully machined Aluminium and Ferrous components and assemblies to automotive OEMs across the globe. 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)

	Particulars (in INR Crs)		Q1FY22		Q1FY21
Total Revenue			401.16		146.19
EBITDA			34.81		(9.81)
EBITDA Margin			8.68%		(6.71)%
Profit/(Loss) Before Exceptional Items & Tax			3.31		(33.43)
Net Profit/(Loss)			(1.21)		(24.67)

			Quarterly (YoY)			Total Revenue	Domestic Sales				Exports
			Quarterly (YoY)		Total Revenue			Domestic Sales			Exports
			Q1FY22		401			302(75%)			99(25%)
			Q1FY21		146			98(67%)			48(33%)

	Particulars (in INR Crs)		Q1FY22		Q4FY21
Total Revenue			401.16		490.62
EBITDA			34.81		48.23
EBITDA Margin			8.68%		9.83%
Profit/(Loss)Before Exceptional Items & Tax			3.31		16.22
Net Profit/(Loss)			(1.21)		10.60

			Quarterly (YoY)			Total Revenue				Domestic Sales				Exports
		Quarterly (QoQ)			Total Revenue					Domestic Sales				Exports
		Q1FY22			401					302(75%)				99(25%)
		Q4FY21			491					381(78%)				110(22%)

Note: Nearly Six weeks of working impacted because of 2[nd] wave and hence closure by OEMs. Lost of approx.Rs.100 Cr. of sale.

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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Financial Highlights (Standalone)

	Particulars (in INR Crs)		Q1FY22		Q1FY21
Total Revenue			343.55		131.12
EBITDA			27.69		(1.94)
EBITDA Margin			8.06%		(1.48)%
Profit/(Loss)Before Exceptional Items & Tax			1.32		(21.43)
Net Profit/(Loss)			(2.33)		(14.70)

	Particulars (in INR Crs)		Q1FY22		Q4FY21
Total Revenue			343.55		427.55
EBITDA			27.69		40.52
EBITDA Margin			8.06%		9.48%
Profit/(Loss)Before Exceptional Items & Tax			1.32		14.57
Net Profit/(Loss)			(2.33)		9.31

New Business

Major Developments Q1FY22.

• Given our strong brand coupled with commitment to customer and suppliers, for Q1FY22 we have been nominated New Business of Program Value 718 Cr. Annualized Peak Value Rs. 172 Cr.

• More potential business with customers under discussion & negotiations.

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

Saurabh Bhave | S-Ancial Technologies Pvt. Ltd. | saurabh@s-ancial.com | 9821956992

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