Sandhar Technologies Limited — Regulatory Filings 2021

Feb 13, 2021

Ref: STL/REG-30/BSE/NSE/ 2020-21/79

Dated: 13th February, 2021

To, Department of Corporate Services BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street Mumbai- 400001

To, Listing Department National Stock Exchange of India Limited C-1, G Block, Bandra Kurla Complex Bandra, (E), Mumbai- 4000051

BSE Code: 541163; NSE: SANDHAR

Sub: Intimation to Stock Exchange - Investor Presentation in connection with Un-Audited Standalone & Consolidated Financial Results for the quarter ended on the 3151 of December, 2020

Dear Sir/Madam,

Pursuant to Regulation 30 of Securities and Exchange Board oflndia (Listing Obi igations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the copy of Investor Presentation in connection with Un-Audited Standalone & Consolidated Financial Results for the quarter ended on the 3 JS' of December, 2020.

Kindly take the above on your record.

Thanking you,

Yours faithfully,

FORt~ TECHNOLO: IBS LThllTED

~ ^I

KomZ k , (Company Secretary & Compliance officer)

Sandhar Technologies Limited

Corporate Office : 13, Sector-44, Gurugram-122002, Haryana, India . Ph: +91-124-4518900 Registered Office : B-6/20, Local Shopping Complex, Safdarjung Enclave, New Delhi- 110029, India, Ph: +91-11-40511800 Email - enquiries@sandhar.in; website - www.sandhargroup.com; CIN - L7 4999DL 1987PLC029553

SANDHAR TECHNOLOGIES LIMITED INVESTOR'S PRESENTATION Q3 FY 20-21 Performance Sandhar Components, Hosur

Commencement from – FY'19

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 forwardlooking 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.

Sandhar Technologies – Footprint

Sandhar Technologies - Overview

Incorporated in 1987 by a first generation entrepreneur, supported by a qualified management team

Customer-centric component supplier, largely focused on vehicular safety and security systems with a pan-India presence and growing international footprint

80+ Indian and global automotive OEM customers with leading names like Honda, TVS, Tata Motors, Hero – shares relationship with Hero for 30+ years

27 product categories catering to various industry segments with leadership position in core products and focus on increasing customer spend per vehicle; Among largest supplier of Locks, Mirrors and OHV cabins in India and Al. spools in Europe [

40 manufacturing facilities in India including JVs and subsidiaries, 2 in Spain, 1 inMexico

Scalable business model with high technological capabilities through in-house R&D, global tie-ups and acquisitions

FY 20 consolidated revenue of INR 1953 Crs, EBITDA of INR 206.42 Crs and PAT of INR 57 Crs - India business drives most of it

Backed by two PE investors in last 12 years – Actis Group in FY06 and GTI Capital in FY12 and and got listed in 2018

Sandhar Vs Industry – Q3 FY 21

Sandhar Vs Industry – YTD Dec 20

Mirrors, 8%

Sheet Metal,

Q3-FY'21 Financial Snapshot (fig. in Rs. Crs)

9M-FY'21 Financial Snapshot (fig. in Rs. Crs)

Profit & Loss Statement – Consolidated (fig. in Rs. Crs)

Particulars (Estimated)	Q3 FY 21	Q3 FY 20	YoY (%)	Q2 FY 21	QoQ (%)	9M FY 21	9M FY 20	YoY (%)
Total Revenue	596.99	482.99	24%	502.24	19%	1,229.22	1,539.96	-20%
Expenses
Cost of materials	347.88	273.37	27%	292.29	19%	709.02	889.35	-20%
Labour cost	50.08	39.65	26%	41.24	21%	111.63	125.82	-11%
Personnel expenses	33.98	32.14	6 %	31.17	9 %	86.30	96.69	-11%
Other expenses	92.65	85.30	9 %	79.63	16%	204.01	265.48	-23%
Total expenses	524.59	430.46	22%	444.33	18%	1,110.96	1,377.33	-19%
EBITDA	72.40	52.52	38%	57.91	25%	118.26	162.64	-27%
EBITDA %	12.13%	10.87%		11.53%		9.62%	10.56%
Finance costs	4.53	4.52	0 %	4.47	2 %	12.06	15.72	-23%
Depreciation	24.25	24.69	-2%	23.93	1 %	69.71	73.86	-6%
Profit before tax	43.62	23.32	87%	29.51	48%	36.48	73.05	-50%
PBT %	7.31%	4.83%		5.88%		2.97%	4.74%
Losses from JV	3.16	3.09	2 %	2.39	32%	9.01	9.57	-6%
Profit before tax after JV losses	40.46	20.23	100%	27.13	49%	27.48	63.48	-57%
Tax Expenses	11.28	6.48	74%	7.59	49%	9.89	18.61	-47%
Net profit	29.18	13.75	112%	19.54	49%	17.59	44.87	-61%
Net Profit %	4.89%	2.85%		3.89%		1.43%	2.91%
Other comprehensive income	(0.59)	0.38		(1.76)		(1.41)	0.17
Total comprehensive income	28.59	14.13	102%	17.78	61%	16.18	45.04	-64%
Comprehensive Income %	4.79%	2.93%		3.54%		1.32%	2.92%

Profit & Loss Statement – Standalone (fig. in Rs. Crs)

Particulars	Q3 FY 21	Q3 FY 20	YoY (%)	Q2 FY 21	QoQ (%)	9M FY 21	9M FY 20	YoY (%)
Total Revenue	512.79	405.38	26.5%	429.51	19%	1042.31	1310.02	-20%
Expenses
Cost of materials	324.62	252.28	28.7%	272.20	19%	661.09	830.40	-20%
Labour cost	40.90	32.28	27%	34.56	18%	90.78	96.74	-6%
Personnel expenses	23.64	22.21	6 %	21.38	11%	59.58	75.30	-21%
Other expenses	64.12	54.48	18%	54.88	17%	135.74	171.50	-21%
Total expenses	453.28	361.25	25%	383.02	18%	947.18	1,173.95	-19%
EBITDA	59.52	44.13	35%	46.49	28%	95.12	136.07	-30%
EBITDA %	11.61%	10.89%		10.82%		9.13%	10.39%
Finance costs	2.69	2.75	-2%	2.71	-1%	6.82	10.10	-33%
Depreciation	17.78	18.98	-6%	17.45	2 %	50.78	57.06	-11%
Profit before tax	39.05	22.40	74%	26.33	48%	37.53	68.90	-46%
PBT %	7.61%	5.53%		6.13%		3.60%	5.26%
Tax Expenses	10.08	5.69	77%	6.74	49%	9.79	17.35	-44%
Net profit	28.97	16.71	73%	19.59	48%	27.74	51.56	-46%
Net Profit %	5.65%	4.12%		4.56%		2.66%	3.94%
Other comprehensive income	(1.61)	(0.19)		(1.68)		(2.79)	(0.55)
Total comprehensive income	27.35	16.52	66%	17.90	53%	24.96	51.00	-51%
Comprehensive Income %	5.33%	4.08%		4.17%		2.39%	3.89%

Balance Sheet (fig in Rs. Crs)

Particulars		Consolidated	Standalone
	31-Dec-20	31-Mar-20	31-Dec-20	31-Mar-20
Application of Funds
Gross Fixed assets	1,216.32	1,155.16	889.84	852.56
Less: Acc. Depreciation	360.69	290.84	276.44	229.09
Net Fixed assets with CWIP	855.63	864.32	613.40	623.47
Non-current investments	58.00	45.02	113.11	91.24
Other non-current assets	21.00	15.59	17.58	13.39
Inventories	201.29	195.69	125.52	121.00
Trade receivables	306.81	191.88	269.56	160.84
Other Current Assets	61.63	53.39	34.50	32.17
Total Application of Funds	1,504.37	1,365.89	1,173.67	1,042.11
Sources of Funds
Share capital	60.19	60.19	60.19	60.19
Reserves and surplus	713.90	702.26	717.79	697.36
Shareholders' Funds	774.09	762.45	777.98	757.55
Minority Interest	3.59	3.63	-	-
Other Non-current liabilities	98.44	91.67	24.37	19.83
Long Term Secured Loans	95.23	9.21	0.08	0.24
Short Term Loans	130.03	191.56	46.90	39.02
Current liabilities & Provisions	402.99	307.37	324.33	225.47
Total Sources of Funds	1,504.37	1,365.89	1,173.67	1,042.11
1) Current Ratio: Consolidated: 1.07 vs 0.88 LY & Standalone: 1.16 vs.1.19 LY 2) Credit Rating A1+ (ST) and AA- (LT) valid till Oct'21

Mar'20 Dec'20 Consoldiated

Loans (Rs. Crs.)

········································

Mar'20 Dec'20 Consoldiated

225

201

SANDHAR

All Rights Reserved@Sandhar 2021 11

Cash Flow Statement (fig in Rs. Crs)

Particulars	Consolidated			Standalone
	9M-FY21	9M-FY 20	FY-20	9M-FY21	9M-FY 20	FY-20
Cash Flows from Operating Activities
Profit before tax	27.48	63.48	78.05	37.53	68.90	80.92
Depreciation and amortization expense	69.71	73.86	98.41	50.78	57.06	75.60
Other adjustments	17.68	25.47	29.29	3.65	9.03	10.76
Operating profit before working capital
changes	114.87	162.82	205.75	91.96	134.99	167.29
Movements in working capital:	(26.79)	46.12	58.58	(19.22)	48.33	50.27
Cash generated from operations	88.08	208.93	264.33	72.74	183.32	217.56
Taxes Paid	13.81	21.23	25.32	13.75	20.47	24.73
Net cash inflow from operating
activities ( A )	74.27	187.70	239.01	58.98	162.86	192.82
Cash Flows from Investing Activities
Capital Expenditure	(40.04)	(75.81)	(87.52)	(28.02)	(49.77)	(57.82)
Purchase/Investments i n joint ventures
& other Corporates	(27.67)	(16.63)	(17.58)	(25.01)	(16.59)	(23.24)
Proceeds from Sale of investments	3.53	-	-	3.53	-	-
Other Reciepts	3.17	7.85	4.17	3.00	4.20	3.81
Net cash used i n investing
activities ( B )	(61.02)	(84.59)	(100.93)	(46.51)	(62.17)	(77.26)
Cash Flows from Financing Activities
Borrowings/Repayment	20.98	(72.39)	(73.79)	7.72	(76.01)	(74.92)
Payment of lease liabilities	(14.02)	(5.90)	(11.79)	(5.56)	(3.60)	(7.20)
Dividend Paid	(4.57)	(9.22)	(18.29)	(4.51)	(8.97)	(18.04)
Interest paid	(11.89)	(15.84)	(20.53)	(6.64)	(10.53)	(13.00)
Net cash flow used i n financing
activities ( C )	(9.50)	(103.34)	(124.39)	(8.99)	(99.11)	(113.15)
Foreign currency translation gain	(1.15)	0.70	(10.68)	-	-	-
Net increase/(decrease) i n cash
and cash equivalents (A+B+C)	3.75	(0.23)	13.68	3.48	1.58	2.42
Opening Cash Balance	6.70	3.70	3.70	3.00	0.58	0.58
Cash and equivalents a t the end of the
year	9.30	4.17	6.70	6.48	2.16	3.00

WOS Performance (fig in Rs. Crs)

All Rights Reserved@Sandhar 2021

*Considered 50% ¹³