ffi Precision Camshafts Limited (100% EOU Division) A*rflrfu-OAJ Works : D-5,D-6,7,7-1, M I D C, Chincholi, Solapur 413 255 Date: 17th August, 2019 s;RC|AIHG|s;k|NI8[B|2!r)r9 National Stock Exchange of India Limited, BSE Limited, "Exchange Plaza" 5th Floor, PhirozeJeej.eebhoyTowers, Dalal Street, Plot No. Cil, G Block, Mumbai -400001BSEScripCode-539636 BandraKurla Complex, Bandra (East), M u in ba i -400051 NSE Scrip Code - PRECAM Subject: -Submission of lnvestors Presentation under Regulation 3011) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015 Dear Sir/Madam, Pursuant to Clause 15 of Schedule Ill, Part A, Para A read with Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015, we would like to submit the lnvestor Presentation for the Quarter ended 30th June, 2019. Enclosed herewith please find the lnvestor Presentation for the Quarter ended 30th June, 2019. Kindly take the above information on record. Yours Faithfully For Precision Camshafts Limited I____ i .--- Mayuri Kulkarni Company Secretary & Compliance Officer Phone : +91-9168646531/32/33. Fax: 91 -217-2357645 .e-mail : info@pclindia.in .Website : www.pclindia.in Regd. Office E-102/103 M.I.D.C., Akkalkot Road, Solapur413 006 CIN-L24231PN1992PLC067126
Investor Presentation August 2019
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Precision Camshafts Limited (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 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
Q1FY20 Performance
Standalone Q1FY20 Performance Total Income (in Rs. Crores) EBITDA (in Rs. Crores) Includes Other Income Includes Other Income +19% +14% 119.8 28.2 24.6 100.2 Q1FY19 Q1FY20 Q1FY19 Q1FY20 EBITDA Margins PAT (in Rs. Crores) +37% 24.6% 10.3 23.5% 7.5 Q1FY19 Q1FY20 Q1FY19 Q1FY20 4
Machined Camshafts volumes continues to improve Machined Camshafts Volumes Camshaft Castings Volumes Total Camshaft Volumes (In Thousand Units) (In Thousand Units) (In Thousand Units) +40% +7% +15% 626 1,440 2,066 1,341 1,789 447 Q1FY19 Q1FY20 Q1FY19 Q1FY20 Q1FY19 Q1FY20 Q1FY20 Volume Q1FY19 Volume Contribution Contribution 25.0% 30.3% Machined Camshafts Machined Camshafts Camshaft Castings Camshaft Castings 69.7% 75.0% 5
Standalone Q1FY20 Profit & Loss Profit and Loss (in Rs. Crs) Q1FY20 Q1FY19 YoY FY19 Revenue from Operations 115.2 94.8 21.5% 423.7 Other Income 4.6 5.5 16.9 Total Income 119.8 100.2 19.5% 440.6 Cost of Goods Sold 34.8 29.8 124.8 Gross Profit 85.0 70.4 20.7% 315.8 Gross Profit Margin 71.0% 70.3% 71.7% Employee Cost 14.5 13.4 50.6 Other Expenses 42.3 32.4 149.6 EBITDA 28.2 24.6 14.3% 115.5 EBITDA Margin 23.5% 24.6% 26.2% Depreciation 12.8 10.9 47.0 EBIT 15.4 13.7 12.4% 68.5 EBIT Margin 12.8% 13.7% 15.6% Finance Cost 0.5 0.8 2.8 Profit before Tax 14.9 12.9 14.9% 65.7 Tax 4.6 5.4 22.8 PAT 10.3 7.5 36.9% 42.9 PAT Margin % 8.6% 7.5% 9.7% 6
Consolidated Q1FY20 Performance Q1FY20 Revenue from Operations Total Income (in Rs. Crores) EBITDA (in Rs. Crores) (in Rs. Crores) Includes Other Income Includes Other Income +26% +16% 201.5 31.8 197 27.4 159.9 30 42 Q1FY19 Q1FY20 Q1FY19 Q1FY20 115 10 PAT (in Rs. Crores) EBITDA Margins From continuing operations +104% 17.1% 5.1 15.8% PCL MEMCO MFT EMOSS Consolidated 2.5 Standalone Revenue Q1FY19 Q1FY20 Q1FY19 Q1FY20 7
Consolidated Q1FY20 Profit & Loss Profit and Loss (in Rs. Crs) Q1FY20 Q1FY19 YoY FY19* Revenue from Operations 197.1 154.4 27.6% 695.2 Other Income 4.4 5.5 17.7 Total Income 201.5 159.9 26.0% 712.9 Cost of Goods Sold 70.0 54.6 228.0 Gross Profit 131.5 105.3 24.9% 484.9 Gross Profit Margin 65.2% 65.8% 68.0% Employee Cost 33.4 29.0 121.5 Other Expenses 66.2 48.9 219.6 EBITDA 31.8 27.4 16.2% 143.8 EBITDA Margin 15.8% 17.1% 20.2% Depreciation 21.0 17.2 78.0 EBIT 10.8 10.2 6.2% 65.8 EBIT Margin 5.4% 6.4% 9.2% Finance Cost 1.8 2.3 8.7 Profit before tax and share of profits from JV 9.0 7.8 57.1 Exceptional Gain / (Loss) - - -27.3 Share in Profit/(loss) in JV and Associates - 0.2 -0.3 Profit before Tax 9.0 8.0 11.8% 29.4 Tax 3.9 5.5 21.2 PAT from Continuing Operations 5.1 2.5 103.9% 8.2 PAT Margin % 2.5% 1.6% 1.2% *Restated 8
New Business Orders Contract win by MFT Contract win by Precision Camshafts 180,000 Sets of Machine Balancer Shaft 1 Million Fully Machined Camshafts over the Volumes* Volumes* Assemblies over the life of the program life of the program Client Linamar, Germany Client General Motors, Brazil ~ € 26.02 million (Rs. 208 crores) over the life of Value ~Rs. 90 Crores over the life of the program Value the program This contract from GM, Brazil is over and above The balance shaft units will be used in Opel PSA the original volume contract of 6 million Other Details Other Details engines and is expected to commence supplies machined camshafts. Order is expected to from end of FY19-20 commence supplies from FY21-22 *Volumes are as indicated by customer and are subject to change 9
About the Company
Precision Camshafts (PCL) - Snapshot MEMCO enjoys long term relationships with marquee global customers like Bosch, Delphi, Endress+Hauser and Giro Leading Products include fuel injection components for conventional & CRDi manufacturers of diesel engines, high precision instrumentation components etc. Camshafts in India & Globally ~70% Domestic Market Share ~ 9% Global Market Leading supplier of machined components to Global OEMs Share 150 varieties of Products include balancer Shafts, camshafts, bearing caps, engine brackets & several non-engine prismatic components Camshafts Manufactured catering to PVs, LCVs Manufacturing Electric Mobility for Commercial Vehicles facilities in India & China EMOSS business model includes conversion of diesel trucks into ready to use electric trucks 11
Our Journey JV with China based • Added Machine Technical & Financial Shenglong Automotive Powertrain Company JV with G. Glancey, a Tata Capital Exclusive Shop with capacity European camshaft for camshafts of 2 mn units p.a Incorporation buys stake agreement • Acquired MEMCO manufacturer from CDC manufacturing with EMAG of PCL 1997 2006 2011 2013 2016 2018 1992 2008 2014 2017 1999 2012 ▪ PE Investor CDC Acquired Incorporated 100% JV with China based Made an IPO to Acquisition of invested stake in JV subsidiary in China Shenglong Automotive get listed on MFT & EMOSS ▪ Capacity of with – PCL (Shanghai) Powertrain Company BSE & NSE Machine shop & G. Glancey Company Ltd. for Foundry Unit Foundry expanded 12
Group Structure Precision Camshafts Limited (Solapur, India) MEMCO Engineering Pvt Ltd PCL (International) Holding B.V ., Nashik, India Netherlands Acquired in 2017 MFT Motoren und Fahrzeugtechnik Emoss Mobile Systems B.V. GmbH Netherlands Germany Acquired in 2018 Acquired in 2018 13
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