S.J.S. Enterprises Limited — Earnings Release 2024

Feb 1, 2024

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February 01, 2024

To,

	National Stock Exchange of India Limited Exchange Plaza, 5thFloor, Plot No. C/1, G Block, Bandra – Kurla Complex, Bandra (E), Mumbai -400 051 Symbol: SJS	BSE Limited Corporate Relationship Department, 2ndFloor, New Trading Wing, Rotunda Building, P.J. Towers, Dalal Street, Mumbai – 400 001 Scrip Code: 543387

ISIN: INE284S01014

Dear Sir/Madam,

Subject: Earnings Call Presentation of the Company pertaining to Q3 of FY 2023-24

In continuation with the Company’s letter dated January 25, 2024, pertaining to Intimation of schedule of Earnings call to be held on Friday, February 02, 2024, at 11:00 a.m. (IST) and pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the earnings presentation on the unaudited Financial Results of the Company for the quarter ended December 31, 2023.

Also, this presentation will be uploaded on the website of the Company at https://www.sjsindia.com/

Request you to kindly take the above on record.

Thank you,

Yours faithfully,

For S.J.S. Enterprises Limited

THABRAZ Digitally signed by THABRAZ HUSHAIN WAJID HUSHAIN WAJID AHMED Date: 2024.02.01 17:18:33 AHMED +05'30'

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Thabraz Hushain W. Company Secretary and Compliance Officer Membership No.: A51119

Encl: As mentioned above.

SJS Enterprises Limited Q3 & 9MFY24 EARNINGS PRESENTATION

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SJS| Disclaimer

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Certain statements made in this presentation relating to the Company’s objectives, projections, outlook, expectations, estimates, among others may constitute ‘forward-looking statements’ within the meaning of applicable laws and regulations. Actual results may differ from such expectations, projections etc., whether express or implied. These forward-looking statements are based on various assumptions, expectations and other factors which are not limited to, risk and uncertainties regarding fluctuations in earnings, competitive intensity, pricing environment in the market, economic conditions affecting demand and supply, change in input costs, ability to maintain and manage key customer relationships and supply chain sources, new or changed priorities of trade, significant changes in political stability in India and globally, government regulations and taxation, climatic conditions, natural calamity, commodity price fluctuations, currency rate fluctuations, litigation among others over which the Company does not have any direct control. These factors may affect our ability to successfully implement our business strategy. The company cannot, therefore, guarantee that the ‘forward-looking’ statements made herein shall be realized. The Company, may alter, amend, modify or make necessary corrective changes in any manner to any such forward looking statement contained herein or make written or oral forward-looking statements as may be required from time to time on the basis of subsequent developments and events

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Q3FY24 Earnings Presentation

Dec 2023

SJS| Today’s Presenters

SANJAY THAPAR

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K A JOSEPH
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CEO & Executive Director

Managing Director

• Over 30 years of experience in the automotive industry

• Founded the company in 1987

• More than 34 years of experience in aesthetics printing business

• Previously worked with Ashok Minda Group, Minda Valeo Security Systems, Minda HUF Limited, Tata Engineering and Locomotive Company Limited (now known as Tata Motors Limited)

• Post graduate diploma in business administration from the St. Joseph’s College of Business Administration, Bangalore; B.Sc from Bangalore University

• Bachelor’s degree in science (mechanical engineering) from the Delhi College of Engineering

MAHENDRA NAREDI Chief Financial Officer

• 20+ years of experience in financial management, key accounting & financial analysis, FP&A, fundraising, M&As, legal & compliances, and strategy.

• Previously worked in Minda Corporation, Wipro & GE

• Bachelor’s degree in Law & Commerce from Rajasthan University, Chartered Accountant and Company Secretary from ICAI and ICSI

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DEVANSHI DHRUVA Head–Investor Relations

• Previously worked with Westlife Development Limited (McDonald’s India) and Piramal Enterprises Limited managing Investor Relations. Earlier worked as Equity Research Analyst with Dolat Capital Markets Pvt. Ltd.

• PGDM – Finance from K J Somaiya Institute; M.Com & B.Com (Accounting & Finance) from University of Mumbai

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Q3FY24 Earnings Presentation

Dec 2023

SJS| Premium aesthetics products manufacturer

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Overview

Key Facts

Rs 4,410.1 Mn Revenue 9MFY24

Established market leader in an attractive business segment

Operates in the high value-add aesthetics market across multiple consumer-oriented end industries; increased focus on aesthetics and premium content creating opportunity throughout the component supply chain: SJS well-positioned to capitalize on the trends

Market leadership in India for Aesthetic Products

24.7%

EBITDA margin 9MFY24

4 Production facilities (Bangalore, Pune, Manesar)

Differentiated, comprehensive product portfolio

Leading edge technologies and a wide product suite including decals, appliques/dials, overlays, logos/3D lux, aluminium badges, in-mold decoratives (IMD), optical plastics and lens mask covers for diverse applications

Demonstrated product portfolio expansion

Legacy of technology and innovation: in-house design / development

~2,347 Workforce

22 175+ Countries Customer locations served (Mar’23)

6,700+ 136 Mn SKUs Parts supplied (FY23) (FY23)

Strong in-house design and engineering capabilities and innovation track record across products, technologies and materials; history of new product development and successful commercialization supported by a dedicated R&D team

Long-standing core customer base consisting of leading OEMs

Partner, co-creator and supplier of choice to several leading OEMs in the automotive and consumer durables industry; dominant share of business in India and focused strategy to increase global presence

Well-invested, lean operations designed to support multi-fold revenue

Design-backed new product development

Entrenched customer relationships

New state-of-the-art manufacturing facility at SJS commissioned in 2018 to support future growth

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Q3FY24 Earnings Presentation

Dec 2023

Q3 & 9MFY24 Business & Financial Highlights

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SJS| Q3FY24 Highlights

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• SJS automotive business outperformed 2W+PV industry growth by >2x, delivering YoY growth of 36.9% YoY, compared to 16.3% YoY growth in auto industry production volumes

• Total Revenue at Rs 1,605.9 mn, strong 51.0% YoY growth, primarily on back of WPI addition and strong YoY growth in consumer segment and exports

• EBITDA margins improved 266 bps QoQ to 25.5% on back of significant improvement in WPI EBITDA margins to 20.3% and Exotech EBITDA margins to 18.4%

• Cash & Cash equivalent growing to Rs 338.2 Mn as on 31[st] Dec’23; FCFF for Q3FY24 was Rs 512.7 mn

• Net Debt reduced by more than half to Rs 220.1 Mn on account of strong cash flow generation

• SJS became the first printing company in India to be awarded quality system certification for new technology of ‘Optical cover Glass’ – taking a step closer towards achieving our strategic goals

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Q3FY24 Earnings Presentation

Dec 2023

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SJS| Outperforming the Industry Growth for 17[th] consecutive quarter

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Q3FY24 - Industry Production Volume [1] v/s SJS YoY Sales [2]
Industry
SJS + Exotech 56.7% >2x growth 51.0%
SJS Consol (incl WPI) 36.9% Automotive,
than Industry
21.6% Consumer
21.4% 9.9% 16.4% 21.8% segment and
16.3% Exports have
19.0%
all delivered
5.0%
strong growth
+
9MFY24 - Industry Production Volume [1] v/s SJS YoY Sales [2]
45.7%
27.2% 35.1%
14.7% 15.0% 14.7%
14.5%
13.7%
5.7% 5.8% 5.7%
+
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Q3FY24 Earnings Presentation

Dec 2023

Note: 1) Industry Production Volumes are production in India; 2) For SJS YoY Sales it is Consolidated numbers

SJS| Q3FY24 Business Highlights

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Strong growth story continues…

Growing Mega Accounts - Key Business Projects Won

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Q3FY24 Earnings Presentation 8 Dec 2023

SJS| Awards & Achievements

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SJS became the first printing company in India to be awarded Quality System certification for new technology of ‘Optical cover Glass’

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Q3FY24 Earnings Presentation

Dec 2023

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SJS | ESG Framework

Inclusive Growth

• Human Capital Inclusive Growth • Employee Engagement • Local Community • Diversity • Customer Satisfaction • Health & Safety • Product Quality • Collaboration • Training &

• EHS Policy Development Risk Management • Compliance with Laws • Stakeholder Management • Prevention of Pollution • Code of Conduct • Monitoring of Environmental • Accountability & Safety Performance • Business Principles

• • Continual Improvement • Adaptation of New Technologies

• Sustainable Operations • Material Management Ethical Business • Energy Management SOCIAL • Business Ethics • Waste Reduction • Regulatory Compliance • Resource Efficiency • Anti-competitive behaviour • Economic performance

• ENVIRONMENTAL GOVERNANCE

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Q3FY24 Earnings Presentation Dec 2023 10

– SJS | CSR Serving the Community

SJS joined hands with Varchass National Seva Trust, a non-profit, non – government organization, whose primary objective is to support, education, culture, literature and social upliftment of the society

SJS contribution will aid in:

• Supporting ~150 underprivileged women with vocational trainings like tailoring, driving, hand embroidery, computer training, beautician etc.

• Improving a women’s standard of living by skill-based capacity building and entrepreneurship training so that they can become financially independent and empowered

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Q3FY24 Earnings Presentation

Dec 2023

SJS| Consolidated P&L Performance (SJS + Exotech)

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Organic business performance

Particulars
(INR in Mn)	Q3FY24	Q3FY23	YoY%	Q2FY24	QoQ%	9MFY24	9MFY23	YoY%
Operating Revenue	1,295.1	1,063.7	21.8%	1,243.0	4.2%	3,710.5	3,264.8	13.7%
EBITDA	347.1	284.0	22.2%	327.7	5.9%	988.6	896.0	10.3%
EBITDA Margin %	26.7%	26.1%		26.0%		26.3%	26.9%
PAT	202.4	157.1	28.8%	194.6	4.0%	577.0	518.7	11.2%
PAT Margin %	15.6%	14.8%		15.7%		15.6%	15.9%
EPS	6.56	5.09		6.31		18.7	16.81

• Revenue growth is higher than the underlying industry growth

• Consistently maintaining strong EBITDA & PAT margins in organic business

• Strong PAT growth of 28.8% YoY during Q3FY24 was driven by improvement in employee expenses, other expenses and tax benefit despite lower other income and higher finance cost

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Q3FY24 Earnings Presentation 12 Dec 2023

SJS| Consolidated P&L Performance (with WPI)

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Particulars (INR in Mn)	Q3FY241	Q3FY23	YoY%	Q2FY241	QoQ%	9MFY241	9MFY23	YoY%
Operating Revenue	1605.9	1063.7	51.0%	1631.8	-1.6%	4,410.1	3,264.8	35.1%
EBITDA	412.4	284.0	45.2%	377.2	9.3%	1103.5	896.0	23.2%
EBITDA Margin %	25.5%	26.1%		22.9%		24.7%	26.9%
PAT	208.5	157.1	32.7%	193.2	7.9%	581.8	518.7	12.2%
PAT Margin %	13.0%	14.8%		11.8%		13.2%	15.9%
EPS	6.72	5.16		6.23		18.85	17.04

Note: 1) Q3FY24 & 9MFY24 includes 90.1% consolidation for WPI from July’23 onwards; 2) Adj. PAT excluding amortization expenses on account of WPI acquisition for Q3FY24 would have been Rs 230.0 mn with a margin of 14.3% and YoY growth of 46.4% and for 9MFY24 it would have been Rs 624.8 mn, with a 14.2% margin and 20.5% YoY growth

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Q3FY24 Earnings Presentation Dec 2023

SJS| Q3FY24 Financial Performance (Consolidated[1] )

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Revenue growth better than industry…

51.0% YoY growth

• Revenue at Rs 1,605.9 Mn on account of 56.7% YoY growth in PV and 174.1% YoY growth in consumer business - outperforming the underlying industry

45.2% YoY growth

• EBITDA at Rs 412.4 Mn, EBITDA margins of 25.5% on account of significant improvement in WPI EBITDA margins to 20.4% from Q2FY24. VA/ VE measures led to 155 bps improvement in employee expenses and 107 bps savings in other expenses.

32.7% YoY growth

• Net Profit at Rs 208.5 Mn , on a margin of 13.0%. PAT growth is driven on back of higher EBITDA earnings which was partially offset by lower other income and higher finance cost.

• PAT excluding amortization grew 46.4% YoY to Rs 230.0 mn and margin of 14.3%

• Overall domestic sales clocked 51.9% YoY growth; on back of 54.4%YoY growth in PV business & 217.4% YoY growth in consumer business - outperforming the underlying industry

• • Exports grew 39.7% YoY on account of 88.7% YoY growth in PV business and 47.3% YoY growth in consumer business

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Note: 1) Q3FY24 includes 90.1% consolidation for WPI from July’23 onwards

Q3FY24 Earnings Presentation 14 Dec 2023

SJS| 9MFY24 Financial Performance (Consolidated[1] )

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Picking up pace…

35.1% YoY growth

• Revenue at Rs 4,410.1 Mn, primarily grew on account of WPI acquisition and strong performance of standalone SJS business

23.2%

YoY growth

• EBITDA at Rs 1,103.5 Mn, EBITDA margins of 24.7%, on account of higher WPI EBITDA margins in Q3 and 105 bps improvement in employee expenses

12.2% YoY growth

• Net Profit at Rs 581.8 Mn , with a margin of 13.2%. Higher EBITDA earnings was partially offset due to lower WPI profitability in Q2, lower other income and higher finance cost on account of debt for WPI acquisition

• PAT excluding amortization expenses grew 20.5% YoY to Rs 624.8 mn, on a margin of 14.2%

• Overall domestic sales clocked 34.0% YoY growth; on back of 43.2% YoY growth in PV & 92.7% YoY growth in consumer business - outperforming the underlying industry

Note: 1) Q3FY24 & 9MFY24 includes 90.1% consolidation for WPI from July’23 onwards; 2) Adj. PAT excluding amortization expenses on account of WPI acquisition for Q3FY24 would have been Rs 230.0 mn with a margin of 14.3% and YoY growth of 46.4% and for 9MFY24 it would have been Rs 624.8 mn, with a 14.2% margin and 20.5% YoY growth

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Q3FY24 Earnings Presentation

Dec 2023

Future Growth Outlook

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SJS| Development & Delivery of New Product Pipeline Remains at the Core of SJS (1/2)

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Driven by premiumization, new age aesthetic products to drive realization increase across categories

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Rs 1,200 - 1,500 3 - 4x growth
Per vehicle Per vehicle
Legacy Future Kit
Kit Value Value
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SJS’ New Age Products (PV: Select Examples)

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Wheel Cap/Aluminium Optical Plastic/ Touch Screen
IML interiors
Badges Cover Glass
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✓ Exotech & WPI acquisitions have added chrome parts & IMD/IML/IMF parts - key ingredients in the design of modern PV’s

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Q3FY24 Earnings Presentation

Dec 2023

SJS| Development & Delivery of New Product Pipeline Remains at the Core of SJS (2/2)

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Driven by premiumization, new age aesthetic products to drive to realization increase across categories

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Rs 300 - 500 1.5 - 2x growth
Per vehicle Per vehicle
Legacy Kit Future Kit
Value Value
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SJS’ New Age Products (2W: Select Examples): Optical plastics/touch screens, aluminium logos, illuminated logos (WPI)

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Rs 50 - 150 3 - 4x growth
Per product Per product
Legacy Kit Future Kit
Value Value
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SJS’ New Age Products (CD: Select Examples): Optical plastics/touch screens, IMD/IML overlays, printed electronics (WPI)

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Q3FY24 Earnings Presentation

Dec 2023

~ - - - SJS| Organic growth expected at 20 25% CAGR, with best in class margins

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Strategy for organic growth over FY24-26

Exports : Increasing global presence

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• Penetrate deeper in existing geographies and enter new geographies

• Strong focus on expanding presence in ASEAN

• Strengthening our sales force in Turkey, Brazil, Argentina and Columbia and exploring similar opportunities in other countries

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Products : Focus on development of new technologies & advanced products

• Intend to develop and introduce Illuminated logos, In Moulded Electronic (IME) parts and other new gen technologies

• Continue to build capabilities to innovate & develop new products & increase application of products across industries

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Key Customers : Growing mega accounts

• Building mega accounts with existing customers by expanding the array of products

• Increase customer base by marketing existing products to new customers and explore cross selling opportunities between SJS and Exotech

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Chrome Plating : Increase chrome plating capacity through debottlenecking and partnerships

• Increasing capacity at the existing plant through debottlenecking and partnering with external chrome plating manufacturers

• Greenfield chrome plating expansion plan to be finalized in CY24 after assessing synergies with neighbouring WPI plant

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Q3FY24 Earnings Presentation

Dec 2023

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SJS| Inorganic Growth Expected to Boost Organic Growth Trajectory

Merger & Acquisitions is a Key Pillar for growth

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Identify New
Improve
Sustaining
Targets Integration Performance
Performance
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Plan for next
phase of
growth
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SJS will
continue to
explore new
opportunities for
value accretive
acquisitions
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• Exotech – SJS showed remarkable execution with revenue growth of 2x and margin improvement of ~300 bps from FY21 to FY23, within 2 years of acquisition

• WPI – WPI was acquired in July’23. It is a great strategic fit for SJS and is still in integration stage

Build capability in adjacent / new aesthetic product categories

Identified key product categories to enter / expand presence which include:

• IMD / IML

• IME (In-Mould Electronics)

• Plastic injection moulding

Expand presence in consumer related industries

Enter new segments and expand presence in other consumer related industries targeting

• Appliance manufacturers

• Consumer electricals

Enter new geographies / OEMs for chrome plating

• Expand presence in chrome plating (largest segment) and increase cross selling opportunities

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• Overcome logistics cost as bulky parts

• Provides direct entry into OEMs to support

• cross selling opportunities

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Q3FY24 Earnings Presentation

Dec 2023

SJS| FY24 Outlook

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• SJS will continue to outperform the industry

• SJS expects near 45% YoY revenue growth on account of expected recovery in 2W, PV, Consumer Durables and Exports

• Premiumisation + New Customer Wins + Exports + WPI Acquisition = Higher than industry sales growth for SJS

• SJS expects WPI acquisition to be EPS accretive . WPI technology significantly increases TAM for SJS

• Robust margin profile of businesses to drive PAT growth of ~30% YoY for FY24 (excluding higher amortization cost on intangible assets and one time acquisition costs) as we balance higher growth with margins

9MFY24 Performance (INR Mn)1	9MFY24 Performance (INR Mn)1	YoY Growth %
Revenue	4,410.1	35.1%
EBITDA	1,103.5	23.2%
EBITDA Margin	24.7%
PAT	581.8	12.2%
PAT Margin	13.2%

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• Continue to maintain EBITDA margins

• Cash and equivalents stands at Rs 338.2 Mn and net debt at Rs 220.1 Mn as on 31[st] Dec’23

Note: 1) Q3FY24 & 9MFY24 includes 90.1% consolidation for WPI from July’23 onwards; 2) Adj. PAT excluding amortization expenses on account of WPI acquisition for Q3FY24 would have been Rs 230.0 mn with a margin of 14.3% and YoY growth of 46.4% and for 9MFY24 it would have been Rs 624.8 mn, with a 14.2% margin and 20.5% YoY growth

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Q3FY24 Earnings Presentation

Dec 2023

SJS Enterprises Limited

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Q3FY24 Earnings Call Invite

SJS Enterprises Limited (BSE: 543387) announced its results for the quarter ended December 31, 2023, on February 1[st] , 2024. Following the announcement, the management team will host a conference call for investors and analysts on February 2[nd] , 2024, at 11:00 AM IST. The call will commence with a brief discussion on the previous quarter’s performance followed by an interactive question and answer session. Call details are below:

Date	2nd February, 2024
Time	11:00 AM IST
Duration	60 minutes
Universal Dial in	**+91 22 6280 1259
International Toll Free	HK: 800 964 448
Diamond Pass Link	Diamond Pass Registration (choruscall.in)

Note: Please dial in at least 10 minutes prior to the schedule to ensure that you are connected in time. Audio and transcript will be available with in ten working days after the call on Investors page of company website (www.sjsindia.com).

For further information, please contact: Devanshi Dhruva | devanshi@sjsindia.com ; Thabraz Hushain | Thabraz.Hushain@sjsindia.com

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Q3FY24 Earnings Presentation

Dec 2023

Compliance Mr. Thabraz Hushain | Company Secretarial

Appendix

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SJS| Longstanding history of design backed manufacturing excellence Evolution into a leading design and aesthetics focused business

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2018 New manufacturing 2015-17 facility commissioned with Entry into new 2015 225,000 sq.ft. area product lines - and significant IMD parts, 2010-14 Everstone Capital capacity boost aluminum & electro acquired a majority formed badges New product stake; exit by addition in Serigraph 2006 premium segment – 3D Joint Venture with Lux etc. 1987 Serigraph, a US based commercial SJS founded printing player by three entrepreneurs

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2023 2021 July’23 - Exotech Plastics 2019-20 Apr’21 - Acquisition completed to further Introduced premium / complement product sectors suite with addition of technologically chrome products Aug’23 advanced products (formed dials, Optical In Nov-21, SJS went plastics, lens mask public & became the only listed company in assemblies) and India in this space expanded PV customer base with new product range

Walter Pack India

July’23 - Acquired 90.1% stake in WPI. Focused on IMF, IML, IMD and IME technologies for automotive and appliance sectors

Aug’23 – Stake sale of ~30% by PE promoter Everstone Capital

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Q3FY24 Earnings Presentation

Dec 2023

SJS| Diverse Product Portfolio…(1/3)

Decals & Body Graphics

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3D Appliques & Dials

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2D Appliques & Dials
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Overlays

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Q3FY24 Earnings Presentation

Dec 2023

SJS| Diverse Product Portfolio…(2/3)

Aluminium Badges

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3D Lux Badges

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Domes

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Aftermarket – “Transform”

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Q3FY24 Earnings Presentation

Dec 2023

SJS| Diverse Product Portfolio…(3/3)

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Lens Mask Assembly

Optical Plastics

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Chrome plated parts (Exotech)

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IMLs / IMDs (SJS & Walter Pack India)

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Q3FY24 Earnings Presentation

Dec 2023

SJS| Superior financial metrics and resilient business model

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Revenue from Operation (INR Mn)

EBITDA (INR Mn) and EBITDA Margin (%)

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5000.0
4000.0
4330.5
3698.6
3000.0
2000.0 2372.6 2516.2
2161.7
1000.0
0.0
FY 19 FY 20 FY 21 FY 22 FY 23
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1,500.0 31.0% 31.2% 32.0%
30.0%
1,000.0
26.7% 985.3 1,167.8 28.0%
26.0%
500.0 26.3% 26.4%
797.0
643.2 686.1 24.0%
- 22.0%
FY19 FY20 FY21 FY22 FY23
EBITDA Margin
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PAT (INR Mn) and PAT Margin (%)

ROCE (%)

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18.7% 18.7%
800.0 20.0%
15.6% 15.5%
14.9%
600.0 15.0%
400.0 10.0%
672.5
550.2
477.6
200.0 376.0 412.9 5.0%
- 0.0%
FY19 FY20 FY21 FY22 FY23
PAT Margin
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35
30 33.1
31.6
25 28.3
26.4 27.1
20
15
10
5
0
FY 19 FY 20 FY 21 FY 22 FY23
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29

Q3FY24 Earnings Presentation Dec 2023

Note: FY22 and FY23 figures consolidated for SJS and Exotech (Reported financials)

SJS| Experienced & Qualified Board Team

K A Joseph

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Managing Director – Promoter & Co-founder

• ❖ Over 34 years of experience in aesthetics printing business

• ❖ Leads the manufacturing operations for SJS and has spearheaded technological and product innovation over the years

• ❖ Also, a Director on the board of Exotech

Sanjay Thapar Executive Director and CEO

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• ❖ Over 30 years of experience in the auto industry

• ❖ Previously Group Chief Strategy Officer with Ashok Minda Group; MD of Minda Valeo Security Systems

Matthias Frenzel

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Non-Executive & Independent Director

• ❖ Previously worked with Visteon Electronics Germany GmbH, S-Y Systems Technologies Europe GmbH and Johnson Controls GmbH

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Roy Mathew Executive Director at WPI

• ❖ Founded WPI in 2006 along with Walter Pack Spain; Extensive experience in various plastic technologies like IMF, IMD, Injection moulding, lighting etc.

• ❖ Prior to WPI, Roy worked with firms including Lumax Industries Ltd. & Tek electromechanicals Pvt. Ltd.

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Ramesh Chandra Jain

Non-Exec Chairman & Independent Director

• ❖ Worked for 25 years in Eicher & retired as group vice chairman

• ❖ Received the Society of British Aerospace Companies Prize in Aircraft Production ,1972-73 from the Cranfield University

Kevin K. Joseph Executive Director

• ❖ Holds a bachelor’s degree in mechanical engineering

• ❖ Previously worked with Tata Elxsi Limited as a senior design engineer

Veni Thapar

Non-Executive Independent Director

• ❖ Presently a partner of V K Thapar & Company, Chartered Accountants

• ❖ Was on the board of Bank of India as a part-time, non-official director under the Chartered Accountant category

Anil Sondur

Non - Executive Independent Director at WPI

• ❖ Previously worked with Tata Elxi India as Executive VPAutomotive Embedded system & Industrial design & Marketing consultant in Poonawalla financials

30

Q3FY24 Earnings Presentation

Dec 2023

SJS| Experienced Professional Management Team

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R. RAJU Chief Marketing Officer, SJS

MAHENDRA NAREDI Chief Finance Officer, SJS

• 23+ years of experience in the field of marketing

• 20+ years of experience in financial management, key accounting & financial analysis, FP&A, fundraising, M&As, legal & compliances and strategy

• Previously worked with ITW India, ITW Signode India, etc.

• Previously worked in Minda Corporation, GE and Wipro

• Holds a diploma in mechanical engineering from the Thiagarajar Polytechnic, Salem, and a post graduate diploma in marketing management and a masters degree in business administration

• Bachelor’s degree in Law & Commerce from Rajasthan University. Chartered Accountant and Company Secretary from ICAI and ICSI

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SADASHIVA BALIGAR Chief Operations Officer, SJS

• 25+ years of experience in operations roles across the automotive industry

• Previously worked with Motherson Automotive Technologies, Toyota Kirloskar Auto Parts & Automotive manufacturers SDN BHD (Malaysia)

• Holds a bachelor’s degree in mechanical engineering from the University of Mysore

31

Q3FY24 Earnings Presentation

Dec 2023