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Sandhar Technologies Limited Investor Presentation 2018
60876_rns_2018-12-08_19bdabe5-6833-4456-b154-aaa086e50b33.pdf
Investor Presentation
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Ref: STL/REG-30/BSE/NSE/2018-19/29
08th December, 2018
To, Department of Corporate Services, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001
To, Listing Department, National Stock Exchange of India Limited C-1, G-Block, Bandra-Kurla Complex Bandra, (E), Mumbai - 400 0051
BSE Code: 541163; NSE: SANDHAR
Sub: A11alvsts I Investors Meet
Ref: Regulation 30 read with Part A of Schedule III to the SERI (Listing Obligatio11s and Disclosure Requirements) Regulations, 2015
Dear Sir/Madam,
In terms of the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("the Regulations") read with Part A of Schedule III to the Regulations and our Letter dated 05th November, 2018 giving therein the advance intimation of upcoming investor interactions, follow up discussions and presentations were held on 06th - 07th December, 2018 with the Analysts/ Investors.
Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the copy of Investor Presentation in connection with Un-audited Standalone Financial Results for the quaiter & half year ended 30°1 September, 2018.
Kindly take the above on your record.
Thanking you,
Yours faithfully,
Chief Financial Officer & Company Secretary DIN: 01877905
Encl: As above
Sandhar Technologies Limited
Head Office: 13, Sector-44, Gurugram- 122002, Horyono, Indio. Ph: +91- 124-4518900 Registered Office : B-6/20, Local Shopping Complex, Sofdorjung Enclave, New Delhi- 110029 Ph: +91-l l -40511800 Email - [email protected]; website - www.sondhargroup.com; CIN - U7 4999DL l 987PLC029553
CIN: L74999DL1987PLC029553
QUARTER II AND HALF YEARLY FINANCIAL REVIEW-FY 2018-19
SAFE HARBOR
This presentation and the accompanying slides (the "Presentation"), which have been prepared by Sandhar Technologies Ltd. (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 tire 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.
Industry Performance
Auto Sector Gr: + 12.7% ; 2–W Gr: 11.9% - Motorcycles : 14.8%, Scooters : 6.5% ; PVs Gr: 5.1% ; CVs : 37.1%
| Where are we…… Consolidated | |||||||
|---|---|---|---|---|---|---|---|
| HI FY'19 (A) |
HI FY'19 (B) |
HI FY'18 (A) |
GR Vs LY % | GR Vs B % | |||
| 0 1e,, Total Income |
1182.9 | 1208.3 | 958.4 | t 23.4% |
• -2.1% |
||
| EBITDA | 123.87 | 132.9 | 106.8 | t 16.0% |
• -6.8% |
||
| EBITDA % | 10.47% | 11.00% | 11.14% | ||||
| - EBT |
70.06 | 69.9 | 51.7 | t 35.5% |
t 0.2% |
||
| EBT % | 5.92% | 5.78% | 5.39% | ||||
| PAT | 48.33 | 48.5 | 35.9 | 34.6% | • -0.4% |
||
| PAT % | 4.09% | 4.01% | 3.75% |
* Total Income excludes Inter-unit sale amounting to Rs. 143.58 Crs. Vs. 112.10 Crs. Last year 4
Where are we…….. Standalone
| HI FY'19 (A) |
HI FY'19 (B) |
HI FY'18 (A) |
GR Vs LY % | GR Vs B % | |
|---|---|---|---|---|---|
| 0 1e,, Total Income |
1032.3 | 1058 | 831.1 | 24.2% | • -2.4% |
| EBITDA | 109.6 | 116.3 | 95.8 | 14.4% | • -5.8% |
| EBITDA % | 10.60% | 11.00% | 11.50% | ||
| - EBT |
69.1 | 67.5 | 50.4 | 37.1% | 2.4% |
| EBT % | 6.70% | 6.40% | 6.10% | ||
| PAT | 47.65 | 46.85 | 34.99 | 36.2% | 1.7% |
| PAT % | 4.60% | 4.40% | 4.20% |
* Total Income excludes Inter-unit sale amounting Rs. 143.58 Crs. Vs. 112.10 Crs. Last year 5
Where are we…….
Where are we……..
| Business Segment* | ||||||||
|---|---|---|---|---|---|---|---|---|
| 43.2% | 15.8% | 11.5 % | 12.0 % | 13.0% | 4.5 % | |||
| Locking Systems | Vision Systems | Sheet Metal | Cabins & Fabrication | ADC | ||||
| Product Categories* | ||||||||
| 21 | 21.8% | 9.9% | 12.2 % | 12.1% | 15.5% | |||
| Customers* | TVS Hero |
HONDA | PICB | BOSCH | ROYAL ENFIELD |
Autoliv | ||
| 29% 22% |
7% | 6.2% | 4.4% | 4.1% | 3.6% | 2.2% | ||
| Financials** | Particulars | Q2-FY19 (UA) |
Q1-FY19 (UA) |
Q2-FY18 (UA) |
H1-FY19 (UA) |
H1-FY18 (UA) |
19 | Q2-FY 19 Q2-FY 19 Vs Q1-FY Vs Q2-FY 18 |
| Revenue from Operations Gross Margin EBITDA |
536.63 108.27 60.08 |
493.37 93.45 49.97 |
463.30 89.91 51.59 |
1,030.00 201.72 110.05 |
895.64 170.34 95.30 |
9% 16% 20% |
16% 20% 16% |
|
| Finance Expenses EBDT EBT Net Profit |
4.74 55.33 38.38 25.91 |
3.12 46.85 31.14 21.74 |
8.71 42.88 29.19 19.44 |
7.87 102.18 69.52 47.65 |
17.72 77.58 50.81 34.08 |
18% 23% 19% |
29% 32% 33% |
|
| Share Capital $EPS$ (in Rs.) |
60.19 4.33 |
60.19 3.64 |
51.15 3.83 |
60.19 7.97 |
51.15 6.72 |
19% | 13% |
Where are we…….. WOS- Financials
Where to cover……….. ( all fig in Rs Crs)
• EBITDA impact : -5.4 Crs ( Margin impacted by 0.46 % ) ; EBT impact : -11.08 Crs ( Margin impacted by 0.94%) ■ ■ ■ ■ ■ ■ )111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111 ·
671.2 (+47.7) Net Worth (Vs. Mar-18) 166.0 (-163.4) Borrowings 720.7 (+86.1) Gross Block (Vs. Mar- 18) 64.5 (+ 15.19) Investments 109.2 Cash generated from Operations 67.5 Cash Used in Investing 107.4/90.9 Increase in WC / Borrowings 22.7 Free Cash Flow
New Business in hand
Total:-Annual - Rs. 358.46 Crs; FY 18-19 (YTD Sep 18): Rs. 85.80 Crs Act Vs 125.64 Crs Bud
Others - Rs. 21.90 Crs Annual - Rs. 14.76 Crs OHV - Rs. 94.28 Crs
Annual - Rs. 5.06 Crs Annual - Rs. 51.16 Crs Annual - Rs. 101.46 Crs
Annual - Rs. 4.11 Crs
Annual - Rs. 65.70 Crs
New Business Status- Product category -------------------------------------------• Growth. Motivation . Better Life
Total New Annual Business awarded: Rs. 358.46 Crs
| Lock Assembly | • Rs.90.30 Crs ( 25.2% )~26.48 Crs. |
|---|---|
| Sheet Metal components | • Rs. 10.10 Crs ( 2.8 %)~0.08 Crs. |
| Mirror Assembly | • Rs 33.84 Crs ( 9.4%)~4.98 Crs. |
| Cabins & Fabrication | • Rs. 91.40 Crs ( 25.5%)~16.24 Crs. |
| Assembly | • Rs 35.03 Crs ( 9.8%)~19.50 Crs. |
| Aluminium Die Casting | • Rs. 54.08 Crs ( 15.1%)~11.45 Crs. |
| Zinc Die Casting parts | • Rs.10.26 Crs ( 2.9%)~1.17 Crs. |
| Plastic Components | • Rs. 11.70 Crs ( 3.3%)~3.75 Crs. |
Business – FY 18-19(YTD Sep18): Rs. 85.80 Crs Act Vs Rs. 125.64 Budgeted.
Sandhar Technologies Barcelona S.L. SANDHAR
- Employe,es: STBalicelo n a 1SO I ST Pola n d 80 / STM exi,co 90
- ► Outputs: 201J,0 0 0 pa1rts per day i(run n iing1 under normal condit iio n s )
- Tonnage alumi nium1 capacity: 25 T n per day STB & 5 T n pe1r day in STM
- Certiifications :: IATF 1 6949·:201 16, I ISO 140 01 / OH SAS 1 8001
- Alloys used: A 226 i(A-3,80 in M e x .) AJI 230 A 231 - i(A I 4 1 3 in M ex.)i
- .r Main Customers: (Automotive and IN on Autom otiiv e )i
Product Portfolio
Product Portfolio by application
