AI assistant
UNO Minda Limited — Investor Presentation 2024
May 29, 2024
61248_rns_2024-05-29_eacde8c7-45a2-44d7-b272-66ab7a6a8ebe.pdf
Investor Presentation
Open in viewerOpens in your device viewer
Uno Minda Limited
(Formerly known as Minda Industries Ltd.)
==> picture [127 x 53] intentionally omitted <==
----- Start of picture text -----
IIl(•Ji [MIND][A][]]
��IVINa TH ■ NEW--
----- End of picture text -----
Ref. No. Z-IV/R-39/D-2/NSE/207 & 174 Date : 29/05/2024
BSE Ltd. National Stock Exchange of India Ltd. Listing Deptt., Exchange Plaza, Regd. Office: Floor - 25, Bandra Kurla Complex, Bandra (E), Phiroze Jeejeebhoy Towers, Mumbai - 400 051 Dalal Street, Mumbai-400 001. NSE Scrip: UNOMINDA BSE Scrip: UNOMINDA, 532539
Sub: - Investor Presentation
Dear Sirs,
Enclosed please find the revised Investor Presentation Q4 FY 2024.
I , i
The copy of the aforesaid revised Investor Presentation is also available on the website of the Company www.unominda.com
This is for your information and record please.
Thanking you,
Yours faithfully, For Uno Minda Limited Digitally signed by TARUN[2) ] [i:a.J-e.] TARUN KUMAR �P. [i �°'-] KUMAR SRIVASTAVA Tarun Kumar Srivastava Date: 2024.05.29 SRIVASTAVA Company Secretary & Complian 12:33:45 +05'30'
Encl: As above.
Uno Minda Limited (formerly known as Minda Industries Limited) CIN: L74899DL1992PLC050333, Regd. Office: B-64/1, Wazirpur Industrial Area, Delhi-110052, (Corporate) Village Nawada Fatehpur, P.O. Sikanderpur Bodda, Manesar, Distt. Gurgaon, Haryana - 122004, INDIA T: +91 124 2290427/28, 2290693/94/96 Fax: +91124 2290676/95, Email - lnfo@unominda .. com,www.unominda.com
1
==> picture [119 x 61] intentionally omitted <==
==> picture [364 x 172] intentionally omitted <==
SAFE HARBOR
==> picture [119 x 61] intentionally omitted <==
This presentation and the accompanying slides (the “Presentation”), has been prepared by Uno Minda 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
| CONTENT Industry Highlights 04 01. |
|
|---|---|
| Operational Highlights 05 02. |
|
| Financial Highlights 06 03. |
|
| Business Review 11 04. |
|
| Annexures 22 05. |
|
| Overview: Uno Minda Group 26 06. |
3
INDUSTRY HIGHLIGHTS FOR Q4FY24
Electric Mobility Promotion Scheme (EMPS) 2024 Introduced
The EMPS 2024, a limited fund scheme of INR 500 crore for four months, aims to boost the adoption of e2W and e3W from April 1 to July 31, 2024 FAME-2 Scheme ends on 31 March 2024
==> picture [292 x 322] intentionally omitted <==
Red Sea Shipping Crisis
Red Sea shipping crisis caused rerouting ships to lengthy detours resulting in higher shipping freights and delay in suppliers
==> picture [119 x 61] intentionally omitted <==
Auto Industry growth momentum continues
PV segment registering 10% YoY growth during the quarter with SUV saw a strong demand
Recovery in 2W market with improved rural sentiment registering 26% YoY growth
4
KEY OPERATIONAL HIGHLIGHTS FOR Q4FY24
Builds up e4W specific portfolio with TLA with StarCharge for EVSE
Entered into Technical License Agreement with Starcharge Energy to manufacture and sale of electric vehicle supply equipment’s (EVSE). Comprises of wall-mounted AC chargers designed for convenient home charging.
==> picture [293 x 322] intentionally omitted <==
Increased stake in Minda Westport to 76%. To be consolidated from Q1 FY25.
Increase stake in its Joint venture with Westport to 76% to accelerate growth in growing CNG and other alternate fuel market
==> picture [119 x 61] intentionally omitted <==
Secured large parcel of land at upcoming auto hub IMT Kharkhoda
secured a land parcel of 94.32 acre at IMT Kharkhoda, Haryana HSIIDC, to fuel its ongoing and future expansions.
Expansion of AW2W by 2 Mn with an investment of Rs 300 Crore.
Increase capacity from ~ 6 Mn to 8 Mn per annum
5
6
==> picture [747 x 539] intentionally omitted <==
----- Start of picture text -----
FINANCIAL INFORMATION &
RECENT UPDATES
----- End of picture text -----
==> picture [154 x 82] intentionally omitted <==
KEY FINANCIAL HIGHLIGHTS FOR THE QUARTER
Group Revenues (Including JVs and Associates) (Unaudited) higher by 27% Y-o-Y
Rs 4,568 Cr
==> picture [119 x 61] intentionally omitted <==
Consolidated Revenues increased by 31% Y-o-Y to
Rs 3,794 Cr
for the quarter
for the quarter
==> picture [328 x 318] intentionally omitted <==
EBITDA higher by 48% Y-o-Y to Rs 474 Cr
for the quarter
PAT (UML share excluding exceptional Income) increased by 47% on Y-o-Y to Rs 269 Cr
for the quarter
EBITDA margin at
at 12.5%
for the quarter
Recommended Final Dividend increased by 35% on Y-o-Y to Rs 1.35 per share
7
KEY FINANCIAL HIGHLIGHTS FOR THE YEAR
Group Revenues (Including JVs and Associates) (Unaudited) higher by 23% Y-o-Y
Rs 16,926 Cr
==> picture [119 x 61] intentionally omitted <==
Consolidated Revenues increased by 25% Y-o-Y to
Rs 14,031 Cr
for the quarter
for the quarter
==> picture [328 x 318] intentionally omitted <==
EBITDA higher by 28% Y-o-Y to Rs 1,585 Cr for the quarter
PAT (UML share excluding exception income) increased by 32% on Y-o-Y to Rs 860 Cr
for the quarter
EBITDA margin at
at 11.3%
for the quarter
Recommended Final Dividend increased by 35% on Y-o-Y to Rs 1.35 per share
8
CONSOLIDATED FINANCIAL HIGHLIGHTS – Q4 FY24
==> picture [119 x 61] intentionally omitted <==
==> picture [442 x 191] intentionally omitted <==
----- Start of picture text -----
Revenue (Rs. Cr)
31%
3,794
2,889
Q4 FY23 Q4 FY24
UML Revenue
----- End of picture text -----
==> picture [441 x 191] intentionally omitted <==
----- Start of picture text -----
EBITDA (Rs. Cr)
474
319
48%
148
32
108
21
303
209
Q4 FY23 Q4 FY24
PBT Interest Depreciation
----- End of picture text -----
==> picture [442 x 191] intentionally omitted <==
----- Start of picture text -----
PAT (Rs. Cr)
47%
269
183
Q4 FY23 Q4 FY24
UML Consol
----- End of picture text -----*
==> picture [77 x 15] intentionally omitted <==
----- Start of picture text -----
Margin (%)
----- End of picture text -----
==> picture [287 x 122] intentionally omitted <==
----- Start of picture text -----
12.49%
11.05%
5.87% 5.89%
Q4 FY23 Q4 FY24
EBITDA PAT^
----- End of picture text -----
*PAT UML Share ( Excluding Exceptional Income)
| ^PAT before profit share of JVs/ & Associates and exceptional income
9
CONSOLIDATED FINANCIAL HIGHLIGHTS – FY24
==> picture [119 x 61] intentionally omitted <==
==> picture [442 x 191] intentionally omitted <==
----- Start of picture text -----
Revenue (Rs. Cr)
25%
14,031
11,236
FY23 FY24
UML Revenue
----- End of picture text -----
==> picture [441 x 191] intentionally omitted <==
----- Start of picture text -----
EBITDA (Rs. Cr)
1,585
1,242
28%
525
430 113
70
981
791
FY23 FY24
PBT Interest Depreciation
----- End of picture text -----
==> picture [91 x 15] intentionally omitted <==
----- Start of picture text -----
PAT (Rs. Cr)
----- End of picture text -----*
==> picture [258 x 130] intentionally omitted <==
----- Start of picture text -----
32%
860
654
FY23 FY24
UML Consol
----- End of picture text -----
==> picture [77 x 15] intentionally omitted <==
----- Start of picture text -----
Margin (%)
----- End of picture text -----
==> picture [287 x 125] intentionally omitted <==
----- Start of picture text -----
11.05% 11.30%
5.34%
5.13%
FY23 FY24
EBITDA PAT^
----- End of picture text -----
*PAT UML Share Excluding exception income
| ^PAT before profit share of JVs/ & Associates ,exceptional income
10
BUSINESS REVIEW
==> picture [119 x 61] intentionally omitted <==
==> picture [602 x 415] intentionally omitted <==
----- Start of picture text -----
SWITCHES
ACOUSTICS
LIGHTING
SEGMENTS
SEATING
CASTINGS
AFTER
OTHERS
MARKET
----- End of picture text -----
11
DIVISION-WISE REVENUE MIX
==> picture [69 x 224] intentionally omitted <==
----- Start of picture text -----
Quarter
----- End of picture text -----
==> picture [335 x 426] intentionally omitted <==
----- Start of picture text -----
Q4 FY23 (%)
Others
13%
Switches
Seatings 29%
9%
Castings
19%
Acoustics Lighting
7% 23%
Others FY23 (%)
13%
Switches
Seatings 29%
9%
Castings
19%
Acoustics
Lighting
7%
23%
----- End of picture text -----
==> picture [68 x 227] intentionally omitted <==
----- Start of picture text -----
Year
----- End of picture text -----
==> picture [119 x 61] intentionally omitted <==
==> picture [430 x 415] intentionally omitted <==
----- Start of picture text -----
Others
Q4 FY24 (%)
16% Switches
Seatings 25%
7%
Castings
20%
Acoustics Lighting
6% 26%
Others FY24 (%)
Switches
16%
Seatings 26%
8%
Castings
20%
Acoustics Lighting
6% 24%
----- End of picture text -----
12
BUSINESS REVIEW
==> picture [119 x 61] intentionally omitted <==
==> picture [886 x 458] intentionally omitted <==
----- Start of picture text -----
Product Segment Revenue Growth ( Figures in Rs. Cr) Key updates
29% 27% 26% 26% 25%
•
Export of 2W switch continues to grow. Crosses Rs 150
933 928 963 Crores for FY 24
835 839
Switches
Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24
26%
23% 23% 23% 24%
•
SOP of several orders in last few quarters in 4W
Lighting
972
673 710 834 852 • Greenfield 4W lighting plant project at Khed City Pune
on track
Lighting
Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24
•
20% 21% 20% 20% AW2W: Additional capacity of 2.0 Mn to ramp up in
19% coming quarters.
• AW2W: Orders from American 2W OEM model
manufactured in India
538 621 753 686 770 • AW4W: Large order for Diamond Finish Alloy Wheel
Castings
from Japanese OEMs for their face lift and new EV
model
Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24
Revenue Revenue Share
----- End of picture text -----
13
BUSINESS REVIEW
==> picture [119 x 61] intentionally omitted <==
==> picture [914 x 421] intentionally omitted <==
----- Start of picture text -----
Product Segment Revenue Growth ( Figures in Rs. Cr) Key updates
7% 7%
6% 6%
5%
193 208 210 202 213 •
Clarton achieves better volumes, comes back in green
Acoustic Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24
9% 9%
8% 8%
7%
•
Uno Minda Tachi-S starts production
263 273 289 274 264 • Won orders for Mechanical Suspended seats and
Pneumatic suspended seat from Indian CV OEM
Seating Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24
17% 16% 16%
14%
13%
601 581 613 • Order win for water hoses in TG Minda for e4W
441
388 •
Order win in Minda Westport from Indian 4W OEM
Others
Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24
----- End of picture text -----
14
Revenue Share
Revenue
REVENUE BREAKUPS
==> picture [69 x 224] intentionally omitted <==
----- Start of picture text -----
Quarter
----- End of picture text -----
==> picture [539 x 211] intentionally omitted <==
----- Start of picture text -----
Aftermarket
International
7%
14%
India OEM
86% 93%
----- End of picture text -----
==> picture [119 x 61] intentionally omitted <==
==> picture [286 x 211] intentionally omitted <==
----- Start of picture text -----
2W
45%
4W
55%
----- End of picture text -----
==> picture [852 x 227] intentionally omitted <==
----- Start of picture text -----
Aftermarket
International
7%
14%
2W
46%
4W
India OEM
54%
86% 93%
Geography-wise Breakup Channel-wise Breakup Segment -wise Breakup
Year
----- End of picture text -----
15
Segment -wise Breakup
AFTERMARKET- EXPANDING B2C BUSINESS
==> picture [119 x 61] intentionally omitted <==
Key Highlights
- Revenue of Rs. 256 Cr during the quarter
6,500+ SKUs
Switches, Horns, Lightings, Batteries, Filter, Indicator, Bulbs, RVMs, Braking, Shocks & struts and Accessories
-
Leadership position in major products categories
-
Strong brand recall with loyal customer base
150,000+
Workshops
- Continuous expansion of existing Product portfolio & addition of new product lines- Alloys, Infotainment, Seating, Air Braking etc.
6 Export Regions
Exporting to SAARC, ASEAN, EU, LATAM, MENA & Africa
==> picture [139 x 14] intentionally omitted <==
----- Start of picture text -----
Segmental Breakup
----- End of picture text -----
==> picture [385 x 183] intentionally omitted <==
----- Start of picture text -----
Geographical Breakup Segmental Breakup
East Others
17% 19%
North Switch
36% 26%
Battery
13%
South
22% Lighting
29%
West Alloys & Acoustic
25% Seats 11%
2%
----- End of picture text -----
Expanding Network
==> picture [368 x 155] intentionally omitted <==
----- Start of picture text -----
51,369 [54,050] 1,454
1,400
1,352
1,257
39,950
35,200
501 503 536 559
Retailers Business Partners Cities Covered
31-Mar-21 31-Mar-22
----- End of picture text -----
16
31-Mar-23 31-Mar-24
UNO MINDA’s EV PRODUCT PORTFOLIO (2W & 3W)
==> picture [119 x 61] intentionally omitted <==
Low Voltage EV Products (48V to 96V)
==> picture [515 x 363] intentionally omitted <==
----- Start of picture text -----
Motor Controller
Smart Plug
Battery
Management
System
On-Board
Charger
DC-DC
Converter
Body Control
Module (BCM)
Off Board
Telematics Charger
Traction Motors RCD Cable
----- End of picture text -----
Products under Production and supply
Battery Management System (BMS)
On Board Charger
Off Board Charger
RCD Cable
Body Control Module
Smart Plug
Telematics
Acoustic Vehicle Alert System (AVAS)
Orders received, SOP in H1FY25
Motor Controllers
DC-DC Converter Traction Motors
Acoustic Vehicle Alert System
17
EV Sales, Order and Potential Kit Value
Sales to 2W Electric Vehicles Rs Crores
==> picture [486 x 224] intentionally omitted <==
----- Start of picture text -----
180
164
143
136
78
Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24
----- End of picture text -----
Peak Annual Order Value from EV OEM in Rs Crores*
| Particulars | 2W/3W | PV/CV | Total |
|---|---|---|---|
| EV Specific Components | 1,655 | 263 |
1,918 |
| Engine Agnostic Components | 855 | 982 |
1,837 |
| Total | 2,510 | 1,024 | 3,755 |
*Note: Order values are basis customer guided volumes
==> picture [119 x 61] intentionally omitted <==
Potential Kit Value (in INR)
35,300 27,300 8,000 PRODUCT UNDER ORDERS RECEIVED EV KIT VALUE PRODUCTION AND POTENTIAL SUPPLY
18
Building e4W Specific Portfolio: TLA with StarCharge for EVSE
==> picture [119 x 61] intentionally omitted <==
==> picture [369 x 160] intentionally omitted <==
----- Start of picture text -----
Wall Box / Pedestal
11kW / 22kW
•
Single Phase
• 150VAC ~270VAC,
50Hz/60Hz
• 32A
----- End of picture text -----
==> picture [179 x 156] intentionally omitted <==
----- Start of picture text -----
Feature #03
----- End of picture text -----
- **Wall Box / Pedestal 7.2kW EVSE**
- • Single Phase
- • 150VAC ~270VAC, 50Hz/60Hz
- • 32A
-
Wall Mounted AC Chargers primarily for home charging for 4W EV
-
Product Range
-
7.2 Kw EVSE- StarCharge
-
3.3 Kw EVSE
-
11 Kw EVSE StarCharge
-
Target market OEMs who will sell this to customer along with vehicle as an accessories.
-
Potential Kit value ~Rs 15,000
-
Multiple RFQs from OEMs in hand for above products
-
Global leader in electric vehicle charging infrastructure and microgrid solutions
-
• Operates in 67 countries & regions with manufacturing facilities in USA, Vietnam, and China
-
Strategic partner of 60+ well-known OEMs
-
Around 1 million of electric vehicle charging terminals installed worldwide
19
Capital Expansion Update
==> picture [119 x 61] intentionally omitted <==
| Sr | Product Line | Entity | Total Cost (In Crs) |
Location | Capacity | Expected SOP |
Update |
|---|---|---|---|---|---|---|---|
| 1 | 4W Alloy Wheels | Uno Minda Ltd | 542 | Kharkhoda | 120k Wheel p.m. | Q2 FY26 Phase 1 |
Project announced To be spend over 5years |
| 2 | 4W Alloy Wheels | Minda Kosei Aluminum(MKA) |
190 | Bawal | 60k Wheels p.m. | Q2 FY25 | Land Acquisition Delays 30K Accomodated |
| 3 | 2W Alloy Wheels | Uno Minda Ltd | 190 | Pune | 2 MN Wheels p.a. | Q3 FY24 | All lines Commissioned |
| 4 | 2W Alloy Wheels | Uno Minda Ltd | 300 | Supa | 2 Mn wheel pa | Q1 FY26 | Project announced |
| 400 | Land Acquisition completed. | ||||||
| 5 | 4W Lighting | Uno Minda Ltd | (Phase I – 230 | Pune |
New Lighting Facility | Q2 FY25 | Construction started |
| Cr) | To be spend over 5 years | ||||||
| 6 | 4W Switches | Uno Mindarika | 110 | Gurugram | New Switch Facility | Q1 FY25 | Land Acquisition completed. Construction on track |
| 7 | EV Specific | Uno Minda Buehler Motor |
110 | Bawal | Traction Motor Production Facility |
Q4 FY 24 | Phase 1 Commenced To be spend over 5years |
| 8 | EV Specific | UnoMinda EV Systems | 390 | Gurugram | New facility for EV specificproducts |
Q2 FY24 Phase I |
Phase 1 Commenced To be spend over 6years |
| 9 | Airbags | TG Minda (JV) | 175 | Neemrana Rajasthan |
1.2 Mn unit p.a. | Q3 FY25 | Construction under progress |
| 10 | Seat Belts & Smart Systems | Tokai Rika Minda (JV) | 200 | Neemrana Rajasthan |
New facility | Q2 FY26 | 20 Construction under progress |
POTENTIAL KIT VALUE – UNO MINDA
==> picture [119 x 61] intentionally omitted <==
Kit Value – 2 Wheelers
==> picture [903 x 364] intentionally omitted <==
----- Start of picture text -----
15798
13,952 14,161 14374 14,26114,901 13,910 14851
12,336 12,003
10,661 11,027
9,675 9,585 9,231
8,457 8,243
7,110 6,978 7,181 7,324 7324
6,261
4,517
3,611
Economy Executive Premium Scooter Moped
2020 2021 2022 2023 2024
Kit Value – 4 Wheelers
206,466
197,416
146,416
140,788
120,788
91,102 93,323 94,323
81,102
63,102 65,323
35,907 43,07848,078 43,30348,303
29,09534,09635,20335,907 21,830 21,830
6,873 7,904 11,830
A B C SUV Tractor
2020 2021 2022 2023 2024 21
----- End of picture text -----
21
22
==> picture [747 x 540] intentionally omitted <==
----- Start of picture text -----
ANNEXURES
----- End of picture text -----
==> picture [179 x 97] intentionally omitted <==
CONSOLIDATED PROFIT & LOSS STATEMENT
==> picture [119 x 61] intentionally omitted <==
| Particulars (Rs. Cr) | Q4 FY24 | Q3 FY24 | QoQ% | Q4 FY23 | YoY% | FY24 | FY23 | YoY% |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 3,794 | 3,523 | 8% | 2,889 | 31% | 14,031 | 11,236 | 25% |
| Raw Material Employee Cost Other Expenses |
2,410 | 2,291 | 1,860 | 9,064 | 7,224 | |||
| 452 | 454 | 383 | 1,779 | 1,460 | ||||
| 459 | 398 | 327 | 1,603 | 1,310 | ||||
| EBITDA EBITDA Margin |
474 | 380 | 25% | 319 | 48% | 1,585 | 1,242 | 28% |
| 12.49% | 10.8% | 172 bps | 11.05% | 144 bps | 11.3% | 11.1% | 25 bps | |
| Other Income Depreciation |
9 | 8 | 19 | 34 | 49 | |||
| 149 | 133 | 108 | 526 | 430 | ||||
| EBIT EBIT Margin |
334 | 255 | 31% | 230 | 45% | 1,093 | 861 | 27% |
| 8.8% | 7.2% | 156 bps | 8.0% | 83 bps | 7.8% | 7.7% | 13 bps | |
| Finance Cost | 32 | 29 | 21 | 113 | 70 | |||
| PBT before Share of Profit of associates/ JVs PBT Margin % |
302 | 226 | 33% | 209 | 44% | 980 | 791 | 24% |
| 8.0% | 6.4% | 153 bps | 7.2% | 72 bps | 7.0% | 7.0% | -6 bps | |
| Tax | 85 | 65 | 40 | 267 | 191 | |||
| PAT before Share of Profit of associates/ JVs PAT Margin % |
244 | 161 | 51% | 170 | 44% | 739 | 600 | 23% |
| 6.4% | 4.6% | 184 bps | 5.9% | 55 bps | 5.3% | 5.3% | -7 bps | |
| Share of Profit of associates/JVs | 58 | 44 | 24 | 185 | 100 | |||
| Exceptional Items | 27 | 0 | 0 | 27 | 0 | |||
| PAT after share of Profit of associates/ JVs | 302 | 205 | 47% | 194 | 55% | 925 | 700 | 32% |
| PAT attributable to: - Owners of UML - Non ControllingInterests |
||||||||
| 289 | 193 | 49% | 183 | 58% | 880 | 654 | 35% | |
| 13 | 12 | 11 | 44 | 47 | ||||
| PAT(UML share excluding exceptional income) | 269 | 193 | 39% | 183 | 47% | 860 | 654 | 32% |
| EPS(Diluted) | 5.03 | 3.37 | 3.18 | 15.34 | 11.37 |
23
BALANCE SHEET
| Particulars | FY24 | FY23 | Particulars | FY24 | FY23 | ||
|---|---|---|---|---|---|---|---|
| (Audited) | (Audited) | (Audited) | (Audited) | ||||
| ASSETS I. Non-current assets Property, plant and equipment Capital work-in-progress Investment properties Goodwill Other Intangible assets Right-of-use assets Intangible assets under development Investment in an associates and a joint ventures Financial Assets (i) Investments (iii) Other bank balances (ii) Other financial assets Deferred tax assets (net) Other non-current assets Non-current tax assets(net) |
2,473.42 291.08 11.73 310.28 |
EQUITY AND LIABILITIES I. Equity Equity share capital Share application money pending allotment Other equity |
115 - 4,041 |
||||
| 2,964 | 115 | ||||||
| 214 | - | ||||||
| - | 4,828 | ||||||
| 338 | Equity attributable to equity holders of theparent | 4,943 | 4,156 | ||||
| 247 | 268.49 | Non-controllinginterest | 322 | 278 | |||
| 382 | 252.19 2 682.07 181 6 30 42 177 15 |
Total Equity | 5,265 | 4,434 | |||
| 1 | II. Non-current liabilities Financial Liabilities (i) Borrowings (ii) Lease liabilities (iii) Other financial liabilities Provisions Deferred tax liabilities (net) Other non current liabilities |
581 121 54 92 49 26 |
|||||
| 807 | |||||||
| 696 | |||||||
| 130 | 106 | ||||||
| 6 33 46 198 27 |
20 108 19 15 |
||||||
| Total- Non current liabilities | 965 | 922 | |||||
| Total- Non current asset | 5,393 | 4,741 | III. Current Liabilities Contract liabilities Financial Liabilities (i) Borrowings (ii) Lease liabilities (iii) Trade payables (a) Total outstanding dues of micro & small enterprises (b) Total outstanding dues of creditors other than micro & small enterprises (iv) Other financial liabilities Provisions Other current liabilities Current tax liabilities(net) |
159 877 28 367 1,625 284 99 184 51 |
79 670 23 312 1,389 219 79 159 22 |
||
| II. Current Assets Inventories Financial Assets (i) Investments (ii) Trade receivables (iii) Cash and cash equivalents (iv) Bank balance other than (iii) above (v) Other financial assets Other current assets |
1,638 15 2,065 241 14 191 341 |
1,331 6 1,723 121 52 70 262 |
|||||
| Total- Current asset | 4,505 | 3,566 | |||||
| III. Assets classified as held for sale | 6 | 2 | Total Current liabilities | 3,673 | 2,952 | ||
| TOTAL ASSETS | 9,903 | 8,309 | TOTAL Equity and Liabilities | 9,903 | 8,309 |
==> picture [119 x 61] intentionally omitted <==
24
CONSOLIDATED ANNUAL KEY FINANCIAL NUMBERS & RATIOS
==> picture [119 x 61] intentionally omitted <==
| Particulars | Unit | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|
| Consolidated Revenue | INR Cr | 14,031 | 11,236 | 8,313 | 6,374 | 6,222 |
| EBITDA | INR Cr | 1,585 | 1,242 | 885 | 725 | 672 |
| EBITDA Margin | % | 11.3 | 11.1 | 10.6 | 11.4 | 10.8 |
| PAT(UML Share) | INR Cr | 880 | 654 | 356 | 207 | 155 |
| Net UMLprofit margin | % | 6.3 | 5.8 | 4.3 | 3.2 | 2.5 |
| Net Worth | INR Cr | 5,265 | 4,434 | 3,765 | 2,563 | 2,144 |
| EPS | INR | 15.3 | 11.4 | 6.3 | 3.7 | 2.8 |
| Dividend Payout ratio | % | 13.0 | 13.1 | 12.0 | 11.2 | 8.1 |
| ROCE | % | 19.8 | 19.2 | 15.8 | 13.1 | 13.1 |
| ROE | % | 19.4 | 17.2 | 12.5 | 10.1 | 8.6 |
| Net Debt to Equity | x | 0.25 | 0.24 | 0.15 | 0.31 | 0.40 |
| Current Ratio | x | 1.2 | 1.2 | 1.3 | 1.0 | 0.9 |
| Debt Service Coverage Ratio | x | 4.30 | 3.97 | 2.22 | 2.35 | 3.01 |
| Fixed Assets Turnover Ratio | x | 2.6 | 2.5 | 2.1 | 1.8 | 2.3 |
25
==> picture [119 x 61] intentionally omitted <==
ABOUT UNO MINDA
26
==> picture [119 x 61] intentionally omitted <==
ABOUT UNO MINDA
==> picture [504 x 191] intentionally omitted <==
----- Start of picture text -----
UNO MINDA
A Leading Auto Components and Systems Player
Since 1958
₹ 169B ($ 2.03 B) [] TOP 200 72
Group Turnover (FY23-24) BSE/NSE listed companies Plants Globally
19 32,788 26 6
JV / TLA/ SBA Employees Product Lines Acquisitions
Partners
----- End of picture text -----
Uno Minda Limited is one of the leading manufacturers of auto components and systems with leadership across key product segments.
The company has a well diversified product portfolio with marquee clientele, both globally and domestically
Diversified across product divisions (Acoustics, Switches, Castings, Lighting and others), segments (4Ws & 2Ws) and geographies (International & Domestic) and channels (replacement & OEM)
VISION
==> picture [58 x 58] intentionally omitted <==
Product portfolio is well insulated from any foreseeable market disruptions, with an ICE-EV agnostic product portfolio and constantly increasing kit value, leading to higher wallet share with OEMs
==> picture [359 x 51] intentionally omitted <==
----- Start of picture text -----
To be a Sustainable Global organization that enhances value
for all its Stakeholders , attains Technology Leadership and
cares for its people like a Family .
----- End of picture text -----
==> picture [44 x 36] intentionally omitted <==
The company has been steadily growing its global presence through sustained capacity additions and channel expansions Strong R&D focus and infrastructure helps in in-house product development and localization of products
==> picture [67 x 12] intentionally omitted <==
----- Start of picture text -----
VALUES
----- End of picture text -----
==> picture [366 x 74] intentionally omitted <==
----- Start of picture text -----
Customer is Supreme Live Quality
Respect for
Respect for Individual
Work-place Ethics
----- End of picture text -----
==> picture [98 x 124] intentionally omitted <==
Track record of robust financial performance and delivering strong shareholder returns, supported by reputed promoters with rich experience and backed by professional management team
==> picture [310 x 24] intentionally omitted <==
----- Start of picture text -----
Encourage Creativity and Innovation to drive people, process
& products
----- End of picture text -----
27
==> picture [119 x 60] intentionally omitted <==
Domains & Product Groups
==> picture [874 x 366] intentionally omitted <==
----- Start of picture text -----
Switches 4W,
Lamps
2W, CV & Off
4W & CV
road
Electric Vehicle Lamps
Products 2Wheeler
Sensors &
Actuators Speakers
Infotainment LPG CNG
Systems Kits
ADAS
Horns
Products
Controllers Hoses
Gear Shifters Blow Molded
& Seat Belts Parts
Air Bags, Interior
Air Filters
Exterior Plastics
----- End of picture text -----
==> picture [42 x 41] intentionally omitted <==
==> picture [22 x 32] intentionally omitted <==
==> picture [25 x 31] intentionally omitted <==
==> picture [30 x 28] intentionally omitted <==
==> picture [44 x 25] intentionally omitted <==
Seats 2Wheeler, Seats PV & CV Airbrakes
Alloy Wheels 4W, 2W
==> picture [168 x 36] intentionally omitted <==
==> picture [40 x 18] intentionally omitted <==
----- Start of picture text -----
General
Castings
----- End of picture text -----
Traction Motors
En ine a nostic ortfolio with otential u side from EV transition g g p p p
==> picture [119 x 61] intentionally omitted <==
| Domains | Product Lines | ICE | EV | |
|---|---|---|---|---|
| Electronic & Control Systems | 4WSwitches & HVAC | ✓ | ✓ | |
| Charging Sockets | ✓ | ✓ | ||
| Sensors | ✓ | ✓ | ||
| Actuators | ✓ | ✓ | ||
| Controllers | ✓ | ✓ | ||
| Seat Belts | ✓ | ✓ | ||
| Shifters | ✓ | ✓ | ||
| Infotainment Systems | ✓ | ✓ | ||
| Cameras | ✓ | ✓ | ||
| Telematics & TCU | ✓ | ✓ | ||
| RPAS & ADAS | ✓ | ✓ | ||
| Safety & Comfort Systems | Steering Wheel with Airbags | ✓ | ✓ | |
| Body Sealing | ✓ | ✓ | ||
| EA Pad | ✓ | ✓ | ||
| Air Ducts & Washer Bottle | ✓ | ✓ | ||
| Spoiler | ✓ | ✓ | ||
| Brake Hoses | ✓ | ✓ | ||
| Fuel/Water Hoses | ✓ | ✓ | ||
| Seats | ✓ | ✓ | ||
| Lighting & Acoustics | Alternate Fuel Systems | ✓ | X | |
| Horns | ✓ | ✓ | ||
| Lamps | ✓ | ✓ | ||
| Speakers | ✓ | ✓ | ||
| Light Metal & Power Train | Alloy Wheels | ✓ | ✓ | |
| Casting | ✓ | ✓ | ||
| Air Filtration Systems | ✓ | X | ||
| Canisters | ✓ | X | ||
| Battery | Batteries- Lead Acid | ✓ | ✓ |
29
GLOBAL PRESENCE
Strategic Manufacturing Location
==> picture [443 x 421] intentionally omitted <==
----- Start of picture text -----
66 Eng. 29 HO Head RO Registered
Plants Engineering Centers Office Office
North zone. (30) [17] East zone (1)
Manesar (8) [6] ENG. HO Jamshedpur (1)
Bawal (10) [5] ENG.
Neemrana (1)
Bhiwadi (1)
Delhi RO
Bahadurgarh (2) [1] ENG.
Sonipat (1)
Pantnagar (3) [1] ENG.
Haridwar (1)
Farukhnagar (1) [1] ENG.
Gurugram [ 3 ] ENG.
Baddi (1)
G. Noida (1)
West zone (19) [8] South zone (16) [4]
Bengaluru (3) [1] ENG.
Gujarat (8)
Pune/Chakan (7) [ 8 ] ENG. Narsapur (1)
Chennai (5) [1] ENG.
Waluj (1)
Hosur (5) [2 ] ENG.
Pithampur (1)
Mysuru (2)
Ranjangaon (1)
Supa (1)
----- End of picture text -----
==> picture [119 x 61] intentionally omitted <==
Growing International Presence
==> picture [322 x 32] intentionally omitted <==
----- Start of picture text -----
6 7 Sales 8 [Engineering]
Plants Office Centers
----- End of picture text -----
North & South America (2) Europe (2) [7] Asia (w/o India) (2) [1] Mexico (Queretaro) (1) France (Epernon) Indonesia (Karawang) (1) Colombia (Manizales) (1) Spain (LaCarolina) (1) ( 1 ) Taiwan (Tainan). (1) Thailand (Bangkok) Germany (Munich, Reutlingen) (1) (6) Vietnam (Vin Phuc) (1) Japan (Nagoya) South Korea (Pyeongtaek)
30
TOP MANAGEMENT TEAM
Mr. Nirmal K Minda Chairman & Managing Director
Mr. Ravi Mehra Deputy Managing Director & Head Group Corporate
Mr. Amit Jain Group Chief Technical Officer
Mr. Rakesh Kher
Mr. Rakesh Mehta
Mr. Sunil Bohra
CEO – Aftermarket Domain
Group CHRO
Group CFO, CSO & Corporate Affairs
Mr. A.G. Giridharan
CEO- Safety & Comfort Systems Domain
Mr. Vivek Jindal CEO – Light & Acoustic Systems Domain-1
Mr. Kundan K Jha Mr. Naveesh Garg CEO, Light Metal & CEO- Electronics and Powertrain Systems Control Systems Domain Domain
Mr. Ashok Taneja
Mr. Navin Paul Advisor
Advisor
==> picture [119 x 61] intentionally omitted <==
Mr. Rajeev Gandotra CEO – Light & Acoustic Systems Domain-2
31
In-house R&D helps drive Innovation…
Two-tier Engineering Organization
==> picture [545 x 382] intentionally omitted <==
----- Start of picture text -----
Europe India
State Of Art Camera Lens Active Alignment Acoustics Lab Photometry Lab
----- End of picture text -----
| Two-tier Engineering Organization | ||
|---|---|---|
| Central R&D Centre With A Focus On Advanced & Future Technology | ||
| Pune, Gurugram, Chennai, Hosur & Bangalore India |
||
| Regensburg,Munich, Ingolstadt-1, Wolfsburg -2, Osnabruck-1 Germany |
||
| Bilbao Spain |
| Product-focused Business Engineering Teams | ||
|---|---|---|
| 2W Switch, Mindarika, 4W Lighting, Minda Westport, Acoustic, Minda Nabtesco | Manesar | |
| Minda Kosei, Minda Kyoraku, Toyoda Gosei Minda, Minda Onkyo, Uno Minda Buehler Motors | Bawal | |
| 2W Lighting | Bahadurgarh | |
| Sensor, Controller, 2W Switch, 4W Lighting, ADAS, Mindarika | Pune | |
| Uno Minda EV Systems | Farukhnagar | |
| Seating | Hosur | |
| Minda Storage Batteries | Pantnagar | |
| 2W Alloy Wheels | Supa, Ahmednagar | |
| Densoten Minda | Gurugram | |
| 4W lighting | Japan | |
| 4W lighting | South Korea | |
| 4W lighting | Taiwan | |
| Clartorn horn | Spain | |
| Munich-1, Reutlingen-1, Regensburg-1 | Germany |
==> picture [332 x 128] intentionally omitted <==
----- Start of picture text -----
1000 252 37
NPD Patents R&D and
Engineers Granted Engineering Centers
444 + 463
Patent Filed Design Application Filed
----- End of picture text -----
State Of Art Validation & Test Facilities
==> picture [306 x 80] intentionally omitted <==
----- Start of picture text -----
EMI/EMC Electrical Test Facility Environment Test Facility
----- End of picture text -----
32
UNO MINDA – Central R&D and Design Studio
Locations
Uno Minda’s first flagship centre for research engineering and advance technologies.
MISSION: Attain Technology Leadership with Ingenious CREATors to Innovate for the future of mobility focusing on Value Creation, Quality, and Process.
Pune, India Gurgaon, India Chennai & Hosur, Regensburg, Germany India
Focus
PERSONALIZED
AUTONOMOUS
==> picture [177 x 51] intentionally omitted <==
----- Start of picture text -----
5 75 +
Locations R&D Projects
----- End of picture text -----
Wireless Chargers | USB & Data Port Chargers | Smart Switches | Seats with Mechanisms | Interior & Exterior Lighting | E Horns
Automotive Cameras |Ultrasonic Sensors | Driver Monitoring System | ADAS Controllers
400 + Engineers
==> picture [284 x 32] intentionally omitted <==
CONNECTED
ELECTRIFIED
Telematics Control Unit | IoT Platform
AC Chargers | AC – DC Chargers| DC DC Converter | AVAS
==> picture [176 x 52] intentionally omitted <==
An independent creative design studio that offers best-in-class creative services for mobility products and systems.
DIGITAL SCULPTING
UI/UX DESIGN
TRANSPORTATION DESIGN
DESIGN STRATEGY
-
CAS Modeling
-
Vehicle Design
- User research & analysis
-
UX Strategy
-
Class A Surfacing
-
UX Research
-
Product strategy
-
Component Design
-
Parametric Modeling
-
Experience & strategy workshops
-
Accessory Design
-
HMI Design
-
Digital Visualization
-
Digital Eco System Design
Key functional Competencies
Product Planning Technical Sales Simulation based Engineering Prototyping
System Req & Architecture Functional / Sys Validation Mechanical
Hardware & Layout Software Functional Safety
New Product Control Engineering Quality Product Costing Manufacturing Engineering
PROTOTYPING
-
Soft Modeling
-
Hard Modeling (scaled, 1:1)
-
Digital Prototyping
33
Nurturing Partnerships and Affiliations
==> picture [119 x 61] intentionally omitted <==
==> picture [921 x 435] intentionally omitted <==
----- Start of picture text -----
M & A Lighting Solutions
JV- Steering Wheel with
Airbags, Body Sealing,
Fuel Caps, Hoses
M & A Seating Systems
M&A Horns
JV - Panel & Control
Switches, Seatbelts Gear Shifters JV-Components Blow Molding JV - Speakers JV –(PCB)Box Build Assemblies Printed Circuit Boards Acquisition of Telematics Business TLA for Temperature controlled Seating Solution JV – Vehicle Seat Recliners TLA for EV Supply Equipment’s
1995-2010 2011-2012 2013-2016 2017-2018 2019-2020 2021-2022 2022-2023 2023-2024
TLA for LPDC Alloy Wheels JV - Power supply units and
JV – Raw Material M&A 2W Light & M & A Embedded Systems drive solutions JV – Traction Motor for
JV – Air Filters & Cannisters Trading EVs
M&A LSTC
JV - Car Infotainment JV - CNG & LPG Kits (Westport
Systems Technical License Agreement Acquired Emer) TLA for Wheel Speed
TLA for Alloy Wheels Sensors
M&A- Lighting Colombia
JV- Air Brakes
10 2 1 4 2 1 1 2 1 1
Japan Europe Canada Europe India Japan India S.Korea China America
Joint Venture Partners = 13 Mergers and Acquisitions = 6 Technical License Agreements = 5 34
----- End of picture text -----
34
Awards & Recognitions
Customer Awards
2023-24
QUALITY
Mr. Nirmal K Minda, CMD, Uno Minda Limited, has been awarded the prestigious HURUN Selfmade Entrepreneur Award, 2023!
==> picture [119 x 61] intentionally omitted <==
Uno Minda is proud to secure the Great Place To Work® (GPTW) Certification for the third consecutive year!
DELIVERY
BEST SUPPLIER
PARTNER AWARD
COST COMPETITIVENESS
BUSINESS EXCELLENCE
38*
Dr. Suman Minda, Chairperson of Uno Minda's CSR Wing, has been honoured with the prestigious Golden Peacock Award for Social Leadership for her impactful work in social welfare and community development.
Uno Minda has secured its
place among India's top 50 innovative companies in manufacturing, receiving recognition from CII for our pioneering work in automotive technologies for the second consecutive year.
Uno Minda has been honoured with the prestigious Intellectual Property Award for 2023 in the 'Top Indian Company for Design' category.
The CSR wing of Uno Minda Group received " CSR Excellence in Women Empowerment " for its Project "Samarth-Jyoti" during the India CSR & Sustainability Conclave 2023 for excellent accomplishments of work for women.
Certifications
35
Environmental, Social & Governance (ESG)
==> picture [48 x 12] intentionally omitted <==
----- Start of picture text -----
Social
----- End of picture text -----
==> picture [115 x 12] intentionally omitted <==
----- Start of picture text -----
Environmental
----- End of picture text -----
Vision to enable Employee and Community Well-Being with following organizational goals:
More than 90% of plants ISO 14001 & ISO 45001 certified (Environmental & OHS Management System)
Energy and Water Waste Community Well Employee Emissions Management Management Being (CSR) Well Being
==> picture [119 x 61] intentionally omitted <==
Corporate Governance
Policies Ethics and Economic governing our compliances Value Creation business
Seva Kendra, Bagla, MDMMS, Bagla Haryana Samarth – Jyoti Project Our Hisar Haryana, Skills Sr. Sec. School Journey Centre
SLMCH, Bagla Haryana Charitable Hospital
TSNMS, Kadi Gujarat Sr. Sec. School
TSNMS, Poonapalli, Hosur Sr. Sec. School
Thematic Areas
Suman Nirmal Minda Foundation operates in Education, Vocational Training, Healthcare, and Community Development. Projects include Community Schools, Remedial classes, IT skill programs, and vocational training for children, girls, boys, and women in need. There are 17 CSR Centres in 7 states, along with three Sr. Secondary Schools and a Hospital providing quality education and healthcare support to communities.
==> picture [114 x 73] intentionally omitted <==
Skill Development
==> picture [126 x 73] intentionally omitted <==
Education
==> picture [126 x 73] intentionally omitted <==
==> picture [122 x 73] intentionally omitted <==
Community
Community Preventive & Wellbeing Curative Health Care 36
Group Strengths
Long Standing Relationships with OEMs
6 Decades of Preferred Supplier status with Major OEMs across all segments
Located close to each customer
Located in all Automotive hubs in India, Growing Global Presence
Strategic & Technology Driven Alliances
With Global Technology Leaders supporting various Product Lines
==> picture [119 x 61] intentionally omitted <==
Robust Systems and Governance mechanism
Strong System, Processes with experienced board to drive Governance and Ethical Practices
Human Resources
Great place to work certified. Focus on promoting In-house Talent & Succession Management
Trustworthy and Capable Supplier Base
More than 1500 Suppliers spread across Geographies
Strong R&D Capabilities
37 R&D and Engineering Centers Globally
Extensive Aftermarket Distribution Network
1500 Business Partners, 35000 Retailers & 75000 Service Points
Cyber risk Management
Strong & robust Security Management & Cyber risk Management framework to safeguard company from cyber threats
37
==> picture [119 x 61] intentionally omitted <==
==> picture [325 x 144] intentionally omitted <==
THANK YOU.
Corporate Office
For further information, please contact
Uno Minda Ltd (Formerly known as Minda Industries Ltd) Village Nawada Fatehpur, P.O. Sikanderpur Badda, Manesar, Gurgaon – 122004, India.
Company Uno Minda Ltd.
Mr. Ankur Modi Head Corporate Finance and Communication [email protected]
==> picture [15 x 16] intentionally omitted <==
==> picture [14 x 14] intentionally omitted <==
==> picture [13 x 13] intentionally omitted <==
==> picture [12 x 12] intentionally omitted <==
==> picture [16 x 12] intentionally omitted <==
www.unominda.com | Follow us on social media.
38