PPAP Automotive Limited (Formerly Precision Pipes & Profiles - - PowerPoint PPT Presentation

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PPAP Automotive Limited (Formerly Precision Pipes & Profiles Company Limit ed) Taking Challenges, Together AGENDA S .NO. ITEM 1 Company Overview 2 Financial Performance (FY 17 Q1 ) 3 Financial Performance (LAST 3 YEARS) DISCLAIMER

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SLIDE 1

PPAP Automotive Limited

(Formerly Precision Pipes & Profiles Company Limit ed)

Taking Challenges, Together

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SLIDE 2

AGENDA

S .NO. ITEM 1 Company Overview 2 Financial Performance (FY 17 Q1 ) 3 Financial Performance (LAST 3 YEARS)

DISCLAIMER

  • PPAP AUTOMOTIVE LIMITED may, from t ime to time, make addit ional writ ten and oral forward looking stat ement s, including stat ements cont ained in t he company's filings

wit h Bombay S t ock Exchange and National Stock Exchange, and our reports to shareholders. The company does not undert ake to update any forward-looking stat ements that may be made from time to t ime by or on behalf of the PPAP AUTOMOTIVE LIMITED.

  • All informat ion cont ained in t his presentat ion has been prepared solely by PPAP AUTOMOTIVE LIMITED. PPAP AUTOMOTIVE LIMITED does not accept any liability what soever

for any loss, howsoever, arising from any use or reliance on this presentat ion or its content s or ot herwise arising in connect ion t herewit h.

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SLIDE 3

COMPANY OVERVIEW

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SLIDE 4

BRIEF PROFILE

PPAP Automotive Limited (PPAP) is a leading manufacturer of Automotive Sealing Systems, Interior and Exterior Injection parts in India State of the art manufacturing facilities located at Noida (UP), Greater Noida (UP), Chennai (Tamil Nadu) and Pathredi (Rajasthan). All the plants are TS 16949, IS O 14001 and OHSAS 18001 certified Technical partnership with :-

Tokai Group for Automotive Sealing S ystem (Plastic) and Toolings JV with Tokai Group for Automotive Sealing System (EPDM Rubber and TPV) Ichimiya Group for Injection Molded Products

Over 500 different products manufactured and targets to achieve zero failure ppm in Quality and Delivery performance Integrated operations from Print to Build Strong and committed workforce aligned to achieve Company’s Targets. Challenging spirit and focus on Continuous Improvement

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SLIDE 5

GENERAL INFORMATION

S.NO DESCRIPTION REMARKS 1 COMPANY ES TABLIS HED 1978 2 S TART OF AUTOMOTIVE BUS INES S 1985 3 LIS TED ON S TOCK EXCHANGE (BS E/ NS E) 2008 4 S HARE CAPITAL 140 MILLION INR 5 CERTIFICATIONS

  • TS

16949

  • IS

O 14001

  • OHS

AS 18001 SHARE HOLDING

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SLIDE 6

Ajay Kumar Jain - Chairman & Managing Director

  • Commerce graduate from the S

hri Ram College of Commerce, University of Delhi

  • Has been associated with the company since inception
  • Experience of over 40 years in the Polymer processing industry
  • Experience of over 30 years in the Automot ive industry
  • President of Toyota Kirloskar S

upplier Association

  • Mr. Abhishek Jain –

Executive Director

  • B.E. in Industrial Engineering from Purdue University (US

A)

  • Before j oining the company has worked in US

A

  • Responsible for conduct ing the operations of t he Business
  • Member of Executive Committ ee of Honda S

uppliers Club

  • Mr. Manish Dhariwal - Chief Financial Officer
  • Graduated with a degree in B.Com (Hons.) from Delhi Universit y
  • Member of Instit ut e of Chartered Accountants of India
  • Work experience over two decades
  • Has worked with Lazard India, IL&FS

and Group Mega

MANAGEMENT PROFILE

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SLIDE 7

YEARS EXPERIENCE

MISSION, VISION & VALUES

MISSION

TO BE A DOMINANT SUPPLIER OF BODY SEALING, INTERIOR & EXTERIOR PARTS TO BE OUR CUSTOMERS' NO. 1 SUPPLIER

VISION VALUES

  • TRUSTWORTHINESS
  • MUTUAL RESPECT
  • CREATIVITY
  • COOPERATION
  • EXCELLENCE
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SLIDE 8

1978

  • Company

Incorporated 1985

  • Start of t he

Aut omotive Business

  • Added Marut i Suzuki

as cust omer 1989

  • Technological t ie up

wit h Tokoi Kogyo Co., Japan 1996

  • Est ablished Plant - I

(Noida)

  • Added Honda Cars as

customer 2002

  • Cert ification of TS

16949 and ISO 140001

2003

  • Est ablished Plant -

II (Noida) 2004

  • Added General

Mot ors as cust omer 2005

  • Added Toyota as

cust omer

  • Certificat ion of

OHS AS 18001 2006

  • Added Tat a Motors

as customer 2007

  • Technological t ie

up wit h Nissen Chemit ec Corporation, Japan

2008

  • List ed on BSE/ NSE
  • Est ablished Plant -

III (Greater Noida)

  • Added M&M as

customer 2010

  • Added Renault

Nissan and Ford India as cust omer 2012

  • Est ablished Plant –

V (Chennai) 2014

  • Est ablished Plant –

IV (Pathredi) 2015

  • Technological t ie up

with Tokoi Seiki Co., Japan

  • Added Isuzu Motors

as cust omer

JOURNEY

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SLIDE 9

PRODUCTS

 AUTOMOTIVE SEALING SYSTEMS  INJECTION MOLDED PRODUCTS

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SLIDE 10

GLASS RUN CHANNEL,BACK DOOR OPENING & TRIM DOOR OPENING PARTS INJ ECTION M OLDED PARTS- INTERIOR,EXTERIOR-DOOR LINING ASSEM BLY INJ ECTION M OLDED PARTS- INTERIOR,EXTERIOR-REAR TRAY ASSEM BLY INJ ECTION M OLDED PARTS- INTERIOR,EXTERIOR & UNDER BODY PARTS INJ ECTION M OLDED PARTS-SIDE PROTECTOR EXTRUSION PARTS

1985 1997 2006 2008 2009 2014

PRODUCT - MILESTONES

<< JV COMPANY >> 1989 : START OF TECHNOLOGY PARTNERSHIP WITH TOKAI KOGYO 2007 : START OF TECHNOLOGY PARTNERSHIP WITH NISSEN CHEM ITECH 2012 : START OF JV COM PANY - PTI 2008 : LISTED ON STOCK EXCHANGE

1978 COM PANY ESTABLIS HED

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SLIDE 11

SEALING SYSTEMS

MOULDING WINDSHEILD AIR SPOILER TRIM DOOR OPENING INNER BELT OUTER BELT BLACK/BRIGHT ROOF MOULDING BACK DOOR / TRUNK SEAL DOOR OPENING SEAL GLASS RUN CHANNEL SLIDE RAIL PVC TPO EPDM

PRODUCTS M ADE BY PTI (JV)

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SLIDE 12

LINING RR PANEL REAR TRAY SPLASH GUARD FR-PILLAR RR -PILLAR PARTITION SIDE PROTECTORS IN CABIN PRODUCTS UNDER HOOD PRODUCTS

INJECTION MOLDING PRODUCTS

FENDER INNER DOOR LINING TRUNK LINING CTR-PILLAR

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SLIDE 13

TECHNOLOGY PARTNERS

AUTOMOTIVE SEALING SYSTEM TOKAI KOGYO CO. LTD, JAPAN

ESTABLISHED : 1947 GLOBAL PRESENCE : USA, THAILAND, INDONESIA, CHINA, MEXICO,VIETNAM RELATIONSHIP WITH PPAP : 1989

INJECTION MOLDED PRODUCTS

NISSEN CHEMITEC CORPORATION, JAPAN

ESTABLISHED : 1951 GLOBAL PRESENCE : USA, THAILAND, INDONESIA, SINGAPORE RELATIONSHIP WITH PPAP : 2007

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SLIDE 14

CORE STRENGTHS

Leadership Position

  • India’s leading manufacturer of Automotive Sealing Systems

Strong Customer Base

  • Leading OEM manufacturers in Indian Market are customers

Access to global technology

  • Relationship with Japanese Technology Partners since 1989

State-of-the-art manufacturing facilities

  • Focus on Kaizen towards Technology and Operations
  • Strategically located manufacturing plants for Customers

Strong R&D Capabilities

  • Capability from Design to Print

Healthy Financials

  • Cost sensitive Culture
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SLIDE 15

15

FACILITIES OVERVIEW

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SLIDE 16

P p la n m

PLANT I

NOIDA,1996

PLANT II

NOIDA,2003

PLANT III

SURAJPUR, 2008

PLANT IV

PATHREDI, 2014

PLANT V

CHENNAI, 2012

REGISTERED OFFICE MANUFACTURING FACILITY FUTURE PLANNING

HUMAN RESOURCE

TEAM STRENGTH : 1716

S NO TYPE FY 2015-16

1 COM PANY ROLL 4.0 % 2 CONTRACTOR ROLL 9.8 %

ATTRITION

MANUFACTURING FACILITIES

INDIRECT 23% NO OF TEAM MEMBERS DESIGN & DEVELOPMENT 45 TOOL MANUFACTURING 12 SPECIAL PURPOSE MACHINE 5 STAFF 340

[PRODUCTION, QUALITY, PURCHASE, ACCOUNTS, MARKETING, HR & IT]

E E I R A E I R A

PLAS TIC EXTRUS ION INJECTION RUBBER EXTRUS ION ASS EMBLY

I

CERTIFICATIONS TS 16949 ISO 14001 OHS AS 18001

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SLIDE 17
  • PRODUCT DESIGN
  • TOOL DESIGN
  • CHECKING FIXTURE

DES IGN

  • DES

IGN VALIDATION

  • SPECIAL PURPOSE

M ACHINES DESIGN AND M ANUFACTURING

DESIGN AND DEVELOPMENT

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SLIDE 18

13 EXTRUSION LINES FLOCKING LINES ASSEM BLY LINES

PVC / TPO MATERIAL

EXTRUSION INFRASTRUCTURE

EPDM & TPV MATERIAL

1 KNEADER M IXING PLANT

(2ND M IXING)

1 EPDM LINE 1 TPV LINE

J V COM PANY – PPAP TOKAI INDIA RUBBER PRIVATE LIM ITED

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SLIDE 19

RANGE :

  • 60 TONS – 2500 TONS

M AKE :

  • TOSHIBA
  • NISSEI
  • JSW
  • FANUC
  • TOYO
  • M ITSUBISHI

INJECTION MOLDING INFRASTRUCTURE

32 M ACHINES INCLUDING 8 GAS ASSISTED

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SLIDE 20
  • IN HOUSE TOOL ROOM
  • CNC M ACHINES
  • WIRE CUT (SODICK)
  • EDM
  • CNC LATHE
  • CNC M ILLING
  • OUTSOURCING OF TOOLINGS FROM –

LOCAL CHINA TAIWAN

TOOL & MACHINE MANUFACTURING

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SLIDE 21
  • RAW M ATERIAL TESTING
  • PART PERFORM ANCE TESTING

TESTING AND VALIDATION

TEST M ACHIINES

  • Universal Testing Machine
  • Impact Strength Testing M achine ( Izod/ Charpy )
  • Hardness Tester
  • Specific Gravity
  • MFI Testing Machine
  • Muffle Furnace for Ash Content
  • Viscosity M eter
  • Heat / Cold Conditioning Chambers
  • Salt Spray Tester
  • Profile Projector
  • Abrasion Tester
  • Humidity Chamber – up to 95 % RH
  • Heat Stability Machine
  • Low Temperature Impact Testing Machine
  • Salt Spray testing
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SLIDE 22

CUSTOMERS PROFILE

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SLIDE 23

MODELS

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SLIDE 24

CUSTOMERS

JAPAN EUROPE MEXICO INDIA THAILAND

> 20 YRS > 15 YRS > 9 YRS > 10 YRS > 04 YRS > 04 YRS > 03 YRS > 01 YRS > 02 YRS > 02 YRS > 03 YRS > 03 YRS > 02 YRS > 01 YRS > 01 YRS

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SLIDE 25

25

AWARDS

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SLIDE 26
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SLIDE 27

TOYOTA MOTOR CORPORATION

CUSTOMER APPRECIATION

HONDA CARS INDIA LIMITED MARUTI SUZUKI INDIA LIMITED TOYOTA KIRLOSKAR MOTOR INDIA PVT LIMITED

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SLIDE 28

FINANCIAL PERFORMANCE

<< QUARTER 1 FY 17 >>

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SLIDE 29

INCOME

VARIANCE Qtr on Qt r VARIANCE Year on Year

*Includes Rs. 1217 Lacs of Tool Sales in FY 17Q1 , NIL in FY 16Q1, 494 Lacs in FY16Q4

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SLIDE 30

30

EXPENSES

+3%

  • 0%
  • 5%

+5% +2% +4%

  • 5%
  • 34%

+3%

  • 5%

VARIANCE Qt r on Qt r VARIANCE Year on Year

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SLIDE 31

31

PROFIT RATIOS

+5%

  • 5%

+2%

  • 13%

+20%

  • 16%

+8%

  • 20%
  • 7%
  • 17%
  • 7%
  • 7%

VARIANCE Qtr on Qtr VARIANCE Year on Year

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SLIDE 32

32

EPS & BVPS

+20%

  • 16%

VARIANCE Qtr on Qtr VARIANCE Year on Year

+26% +4%

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SLIDE 33

33

SUMMARY – KEY RATIOS

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SLIDE 34

34

FINANCIAL PERFORMANCE

<< PREVIOUS 3 YEARS >>

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SLIDE 35

TOTAL INCOME (INR CRS.) SALES (INR CRS.)

INCOME

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SLIDE 36

36

PROFITABILITY RATIOS

+45% +29% +39% +33% +203% +27% +36% +13% +8% +40% +33% +71%

VARIANCE Year on Year

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SLIDE 37

RETURN RATIOS

+15% +32% +110% +20%

VARIANCE Year on Year

+86%

  • 17%
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SLIDE 38

+5% +6%

VARIANCE Year on Year

+120% +27%

PER SHARE EARNINGS

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SLIDE 39

SUMMARY – KEY RATIOS

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SLIDE 40

CONSOLIDATED FINANCIAL PERFORMANCE

<< ANNUAL FY 16 >>

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SLIDE 41

CONSOLIDATED SUMMARY

PARTICULARS

  • RS. IN CRORE

TOTAL INCOME 319.72 INCOME FROM OPERATIONS 318.63 EBITDA 52.97 PAT 14.03 NET WORTH 205.53

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SLIDE 42
  • Int ernat ional Benchmarking
  • Our Mant ra - "Every Paisa Count s"
  • Improve margin realizat ion

driven by cost opt imizat ion &

  • perat ing leverage

Improve Operational Efficiency 1

  • Improve OEE (Overall Equipment

Efficiency) Optmization of Asset Utilization 2

  • Ext end leadership posit ion across

OEMs

  • Expand product base

Focus on increasing customer base 3

  • Timing, Efficiency and Best Value

Proposit ion Review Optimization of Investments 4

  • Impossible for

Competition to Catch up

  • Perpetual

sustainable development

STRATEGY GOING FORWARD

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SLIDE 43

For enquiries, please contact:

  • Mr. Manish Dhariwal (Chief Financial Of f icer)

PPAP Aut omot ive Limit ed Ph: +91-120-2462552 / 53 Email: manish.dhariwal@ ppapco.com

  • Mr. Anand Lalla / Mr. Parin Narichania

Concept Invest or Relat ions Mo: +91 7506051178 / 9930025733 Email: anand@ concept ir.com / parin@ concept ir.com

Thank You

Websit e : www.ppapco.in