UNO Minda Limited — Investor Presentation 2020

Aug 24, 2020

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Minda Industries Ltd Investor Presentation – August 2020

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Safe Harbor

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This presentation and the accompanying slides (the “ Presentation”), has been prepared by Minda Industries Limited (the “ Company”), 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 auto ancilliary 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.

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Quarterly Update Presentation

Performance Highlights for the Q1 2021

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Favourable Factors Favourable interest rate movement Pro-active cost management Quick ramp up post easing of lockdown.

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Un-Favourable Factors Lockdown due to COVID-19 Pandemic Lower capacity utilization in recently commissioned facilities Delay in commissioning of plants by 4-6 months for 2W alloy wheel and Sensors

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Consolidated Financial Highlights

Revenue (Rs. Cr)

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1,440
417
Q1 FY20 Q1 FY21
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PAT* (Rs. Cr)

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56
Q1 FY21
Q1 FY20
(119)
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EBITDA (Rs. Cr)

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172
Q1 FY21
Q1 FY20
(71)
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Margin (%)

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11.96%
3.92%
Q1 FY21
Q1 FY20
(17.14)%
EBITDA PAT * (28.47)%
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• PAT = PAT ( before Minority Interest)

Revenue Bridge – Q1 FY20 & Q1 FY21

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Rs. Crs
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1,440
(407)
(173)
(221)
(112)
(110) 417
Q1 FY20 Switch Light Metal Lighting Acoustic Others Q1 FY21
Technology
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Business Review

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Plants operating at ~80% Switches
production levels Vis-à-vis
Pre COVID
Lighting 02
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Japanese 2W OEM

01

4W: New Product : Roof top mounted switches to a Japanese OEM

02 Strong order wins and order pipeline in India backed by Technology from Delvis

Clarton Mexico has received orders from Ford for electronic horns CH nominated for 0.3 Mn horns by large Korean OEM in India

Acoustics 03 CH nominated for 0.3 Mn horns by large Korean OEM in India New Customer : Large Korean OEM for LPDC wheel in their upcoming model Light Metal Technology 04 2W alloy wheel plant expected to be commissioned in September 2020

Smart Plug for TVS E Cute Electric Scooter

Others

05 HTS sensor line has been commissioned, however other products are delayed due to COVID pandemic.

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Business wise Revenue Mix

Revenue – Q1FY20

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Others
13%
LMT
14%
Acoustics
12%
Lighting
24%
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Switches
37%
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Revenue – Q1FY21

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Others
19%
Switches
30%
LMT
6%
Acoustics
16%
Lighting
29%
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Revenue Mix – Q1 FY21

Geography-wise Breakup

India International

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17%
83%
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Channel-wise Breakup

OEM Replacement

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16%
84%
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Segment -wise Breakup

2Wheeler 4Wheeler

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53%
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Diversification across Categories and Geographies

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Strategic Business Update

Harita Seating NCLT Delhi final hearing is scheduled August 24, 2020. All other approvals in place Sytems Merger Acquisition-cum- Scheme filed with the exchanges for their feedback Merger of Minda iConnect Rights issue of ~ 243 Cr Announced. Issue to be open from August 25[th] to Rights Issue September 08, 2020.

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Consolidated Profit & Loss Statement

Particulars (Rs. Cr)	Q1 FY21	Q1 FY20	Q4 FY20
Revenue from Operations(Net of Excise)	417.11	1,439.75	1,338.97
Raw Material Employee Cost Other Expenses	241.71	872.16 215.13 180.26	801.91
	166.31		214.37
	80.58		200.7
EBITDA EBITDA Margin	-71.49	172.20 11.96%	121.99
	-17.14%		9.11%
Other Income Depreciation	3.73	6.92 71.20	15.96
	68.21		81.69
EBIT EBIT Margin	-135.97	107.92 7.50%	56.26
	-32.60%		4.20%
Finance Cost	19.58	23.81	20.98
Profit before Share of Profit/Loss of JVs and Tax PBT Margin	-155.55	84.11 5.84%	35.28
	-37.29%		2.63%
Exceptional Item	0	0.00	-8.9
Tax	-36.81	27.68	13.26
Profit before Share of Profit/Loss of JVs	-118.74	56.43	13.12
Share of Profit/Loss of JVs	-16.21	5.90	-0.28
Net profit/(loss) after share of profit/(loss) of associates / joint ventures (A) PAT Margin %	-134.95	62.33 4.33%	12.84
	-32.35%		0.96%
PAT attributable to: - Owners of MIL - Non Controlling Interests Other Comprehensive Income		53.48 8.85 -0.47
	-118.33		7.3
	-16.62		5.54
	13		1.88
Total Comprehensive Income for MIL TCI Margin%	-118.33	53.48 3.71%	7.3
	-28.37%		0.55%
Total Comprehensive Income for Non ControllingInterests	-16.62	8.85	5.54

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Contact Us

For further information, please contact: Company : Investor Relations Advisors : Minda Industries Ltd. Strategic Growth Advisors Pvt. Ltd. CIN : L74899DL1992PLC050333 CIN : U74140MH2010PTC204285 Mr. Tripurari Kumar Mr. Jigar Kavaiya GM Finance +91 99206 02034 tripurarik@mindagroup.com jigar.kavaiya@sgapl.net www.unominda.com www.sgapl.net