UNO Minda Limited — Investor Presentation 2021

Aug 16, 2021

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Investor Presentation Q1 FY 22 August 16, 2021

Transforming The Present, Reimagining The Future

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 ancillary 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.

2/15

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Financial Information & Recent updates

3/15

Key Highlights for the Quarter

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• Significant headwinds in Q1 FY 22 due to second wave of Covid-19 adversely impacting industry and people

• As top most priority, undertook various initiative and measures for health and safety of Employees and their families

• ~

• While Industry volumes were down 35%, the company posted resilient performance with Rs 1,603 Cr consolidated revenues in Q1 FY 22 outperforming industry even in challenging times

• Negative operating leverage due to lower volumes largely impacting the EBIDTA and EBIDTA margins during the quarter.

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COVID-19 Relief Initiatives

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• Set COVID Care centre at various location with up

• medical staff and oxygen bed for employees and their family.

• Free COVID-19 Vaccination Camp at various plant locations at periodic intervals.

• Regular Testing COVID-19 of employees.

• Food distribution to needy during the pandemic.

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• Financial assistance to family of employees who lost their lives to COVID-19 i.e. permanent job and support to children education till graduation.

• Doubling the amount of contribution by company under internal death relief scheme Adarsh Nidhi

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Consolidated Financial Highlights – Q1FY22

Revenue (Rs. Cr)

EBITDA (Rs. Cr)

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147
-84
91
77 19
20 38
-182
Q1 FY21 Q1 FY22
PBT Interest Depreciation
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243%
1,603
468
Q1 FY21 Q1 FY22
MIL
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PAT^ (Rs. Cr)

Margin (%)

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15
-135
Q1 FY21 Q1 FY22
MIL Consol
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9.2%
-18.0% 1.6%
-32.3%
Q1 FY21 Q1 FY22
EBITDA PAT^
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*Restated on account of Harita Merger |

| ^PAT MIL Share

**PBT= PBT less Other Income and Exceptional Items

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Rs. Crs

Revenue Bridge

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1,603
170
146
238
79
199
303
468
Q1 FY21 Switches Lightings Acoustics Castings Seating Others Q1 FY22
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• Restated on account of Harita Merger

7/15

Division-wise Revenue Mix

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Q1 FY21 Q1 FY22
Others
Others Switches Seatings 14%
12% 30% 12% Switches
Seatings 27%
11%
Castings
Castings
17%
6%
Acoustics
15% Lighting
Lighting Acoustics 20%
26% 9%
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8/15

Business Review

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American and European CV OEM

Additional Orders from domestic 2W OEM

Orders from Korean OEM for LPDC 4 W Alloy 4W Alloy Wheel: Additional Orders from Japanese OEM

• 2W Lighting: Additional LED head lamp orders from Indian and Japanese OEM

Order from European OEM in Clarton Horn for supply of Electromechanical Horn

9/15

Revenue Breakups Q1 FY22

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Geography-wise Breakup Channel-wise Breakup Segment -wise Breakup
India International OEM Replacement 2Wheeler 4Wheeler
8%
23%
46%
54%
77%
92%
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10/15

Strategic Business Update

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Harita Seating Systems Merger

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• Merger is completed.

• Shares and Redeemable Preference shares pursuant to approved scheme were issued

• • Majority of Shareholders of Redeemable preference shares have opted for early redemption as per the scheme

Minda IConnect

• Minda IConnect Pvt Ltd: Filing done with NCLT on 2[nd] June 2021.

• Awaiting NCLT orders announcing the date for convening shareholders and creditors meetings.

Minda TG Rubber

• “Minda TG Rubber” (MTG) became an associate company after dilution of holdings. MTG will merge with Toyoda Gosei Minda India Private Limited (TGMIN). Respective Board has already approved the schemes

• Obtaining NOC from creditors in process post which scheme will be filed with NCLT

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Sustainability

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Environmental

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Social
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• Group has taken a lot of initiatives like given below which are expected to have environmental benefits and reduce operational costs

• Roof-top solar installation- Installed 8.4 MW rooftop solar cells across 20 plants- ~10% of power requirement of the Group

• Green belt plantation drive- ~40% green area for new plants

• Water conservation projects- Reduced water consumption by 10% in 2021

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S.L Minda Memorial Hospital, The Suman Nirmal Minda School (TSNMS),
Bagla – Haryana Near Detroj, Gujrat
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• LED lights implementation, plastic waste reduction, etc.

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• Vision to enable and empower every member of the society particularly the disadvantaged to live with dignity and happiness

• Samarth - Jyoti was started in 2012 under the aegis of Suman Nirmal Minda Charitable Trust to engage and empower the underprivileged people in the rural areas through education, vocational training and skills enhancement programs.

• In May 2021, 23-bed Uno Minda COVID Care Center (UMCCC) was opened along with the leading medical service partner to take care of the health of employees & their families

Mindarika Pune

Minda Kosei Bawal

Corporate Governance

• Mission to continually enhance the stakeholders’ value through global competitiveness while contributing to society

• Corporate Governance framework ensures effective engagement with our stakeholders and which help us to evolve with changing time

• Corporate Governance focusses on appropriate size & mix of Board, formation of various Board Committees, etc.

• Declared as the winner of "Golden Peacock Award for Excellence in Corporate Governance" for the year 2020 by Institute of Directors

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Uno Minda Covid Care Center, Gurgaon

Uno Minda Covid Care Center, Gurgaon

12/15

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Annexures

13/15

Consolidated Profit & Loss Statement

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	Particulars (Rs. Crores)	Q1FY22	Q1FY21	YoY%	Q4 FY21	QoQ%	FY21
	Revenue from Operations (Net of Excise)	1,602.6	467.9	243%	2,238.3	-28%	6,373.7
	Raw Material Employee Cost Other Expenses	982.0	276.3 185.9 90.1		1,404.4 296.5 235.8		3,919.3
		276.2					981.7
		197.7					747.8
	EBITDA EBITDA Margin	146.7	-84.4 -18.0%	-274% 2719 bps	301.6 13.5%	-51% (432) bps	725.0
		9.2%					11.4%
	Other Income Depreciation	6.1	6.2 77.4		8.9 107.2		47.0
		90.5					375.3
	EBIT EBIT Margin	62.4	-155.6 -33.3%	-140% 3715 bps	203.3 9.1%	-69% (519) bps	396.7
		3.9%					6.2%
	Finance Cost	18.5	19.9		15.1		73.7
	Profit before Share of Profit/Loss of JVs and Tax PBT Margin	43.8	-175.5 -37.5%	-125% 4024 bps	188.2 8.4%	-77% (568) bps	323.1
		2.7%					5.1%
	Exceptional Item	0.0	-		1.7		1.7
	Tax	13.9	-40.5		47.6		100.5
	Profit before Share of Profit/Loss of JVs	29.9	-134.9	-122%	142.4	-79%	224.3
	Share of Profit/Loss of JVs	-5.0	-16.2		21.5		24.2
	Net profit/(loss) after share of profit/(loss) of associates / joint ventures (A) PAT Margin %	24.9	-151.1 -32.3%	-116% 3385 bps	163.8 7.3%	-85% (577) bps	248.4
		1.6%					3.9%
	PAT attributable to: - Owners of MIL - Non Controlling Interests Other Comprehensive Income		-134.9 -16.2 12.9	-111%	140.3 23.5 8.5	-89%
		15.4					206.6
		9.5					41.8
		4.7					14.8
	Total Comprehensive Income for MIL TCI Margin %	20.0	-121.6 -26.0%	-116% 2724 bps	149.1 6.7%	-87% (541) bps	220.9
		1.2%					3.5%
	Total Comprehensive Income for Non Controlling Interests	9.6	-16.7		23.2		42.2

14/15

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Thank You

Corporate Office

Address: Village Nawada Fatehpur, P.O. Sikanderpur Badda, Manesar, Gurgaon – 122004, India. Website: www.unominda.com Email ID : amodi@mindagroup.com Follow us on social media. Links below

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For Further Information, please contact :

Company : Minda Industries Ltd. Mr. Ankur Modi Head Treasury and Investor Relation amodi@mindagroup.com

Investor Relations Advisors : Strategic Growth Advisors Pvt. Ltd. Mr. Jigar Kavaiya jigar.kavaiya@sgapl.net www.sgapl.net