Pres Presen entation tation on on R Resu esult lts Q3 Q3 FY - - PowerPoint PPT Presentation

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Proud to be part of. Pres Presen entation tation on on R Resu esult lts Q3 Q3 FY FY 2016 2016-17 17 13 th February 2017 Mother Moth erson son Sumi Sumi Systems Ltd Systems Ltd. re . repo ports rts Dec Decemb ember er 16

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SLIDE 1

Proud to be part of.

Pres Presen entation tation on

  • n R

Resu esult lts Q3 Q3 FY FY 2016 2016-17 17

13th February 2017

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SLIDE 2

MSSL Presentation on Results Q3 FY16-17

Moth Mother erson son Sumi Sumi Systems Ltd Systems Ltd. re . repo ports rts Dec Decemb ember er 16 16 re results sults

2

High Highli ligh ghts ts Q3 Q3 FY16 FY16-17 17

  • Reven

evenue ues 13 13%, %,

  • Reven

evenue ues s ou

  • utsi

tside de In India dia 12 12%, %,

  • Reven

evenue ues s in in In India dia 24% 24%

  • PA

PAT 34 34% %

  • EB

EBITDA ITDA 23% 23%

  • On

On Stan Standa dalone lone ba basi sis, s, Reven evenue ues 22% 22% PA PAT T 76% 76% EB EBITDA ITDA 46% 46%

High Highest st Ever Ever Qua Quarte rterly rly Re Reve venue & Best Best Ever Ever Qua Quarte rterly rly Net Net Profit Profit in t

in the hist he history

  • ry of
  • f the

the company company

High Highli ligh ghts ts 9M 9M FY16 FY16-17 17

  • Reven

evenue ues 15 15%, %,

  • Reven

evenue ues s ou

  • utsi

tside de In India dia 14 14%, %,

  • Reven

evenue ues s in in In India dia 21 21%

  • PA

PAT 25 25% %

  • EB

EBITDA ITDA 19 19%

  • Glob

Globally ally, , 9 9 plan plants ts are are at at diff differe erent nt stage stages s of

  • f comp

completion. letion.

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SLIDE 3

MSSL Presentation on Results Q3 FY16-17 3

  • Results Q3 vs Q3.
  • Results 9M vs 9M
  • Status of facilities
  • Debt status
slide-4
SLIDE 4

MSSL Presentation on Results Q3 FY16-17

MS MSSL SL Con Consolidat solidated ed : : Q3 Q3 FY1 FY15-16 16 vs vs Q3 Q3 FY FY 16 16-17 17

903 1,109

23%

400 600 800 1,000 1,200

Q3 FY 2015-16 Q3 FY 2016-17

EBITDA

Reven evenue ues EB EBITDA ITDA PB PBT & & PA PAT

4

1,171 1,453 8,116 9,061

9,287 10,514 13%

  • 2,000

4,000 6,000 8,000 10,000 12,000

Q3 FY 2015-16 Q3 FY 2016-17

Within India Outside India Growth

12% Reven evenue ues (ou

  • utsi

tside de Ind India) ia) 24 24% Reven evenue ues (Within (Within In India) dia)

(Rs

  • Rs. in Cro

Crores) (Rs

  • Rs. in Cro

Crores) (Rs

  • Rs. in Cro

Crores)

545 311 771 416

41% 34%

  • 200

400 600 800

PBT PAT-Concern Share Q3 FY 2015-16 Q3 FY 2016-17

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SLIDE 5

MSSL Presentation on Results Q3 FY16-17

1,044 1,314 188 184 1,232 1,498

22%

  • 300

600 900 1,200 1,500 1,800

Q3 FY 2015-16 Q3 FY 2016-17

Domestic Exports

MS MSSL SL Stand Standalon alone e : : Q3 Q3 FY1 FY15-16 16 vs vs Q3 Q3 FY FY 16 16-17 17

(Rs

  • Rs. in Cro

Crores)

5

228 332

46%

  • 100

200 300

Q3 FY 2015-16 Q3 FY 2016-17

EBITDA

26 26% Reven evenue ues (Within (Within In India) dia) Revenues EB EBITDA ITDA PB PBT & & PA PAT

(Rs

  • Rs. in Cro

Crores) (Rs

  • Rs. in Cro

Crores)

172 121 312 213

81% 76%

  • 50

100 150 200 250 300 350 400

PBT PAT

Q3 FY 2015-16 Q3 FY 2016-17

Notes 1. Strong growth in EBITDA helped by increase in other operating income from Rs.32 cr

  • res to Rs.68 crores.

2. The mark to the market gain of Rs.38 crores on investments in debt funds made out

  • f QIP/Preferential allotment funds is not included in EBITDA and is shown as other

income after EBITDA / EBIT

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SLIDE 6

MSSL Presentation on Results Q3 FY16-17

€ 77 € 92

19%

€ - € 10 € 20 € 30 € 40 € 50 € 60 € 70 € 80 € 90 € 100

Q3 FY 2015-16 Q3 FY 2016-17

EBITDA

SMRPB SMRPBV V : : Q3

Q3 FY15 FY15-16 16 vs vs Q3 Q3 FY 1 FY 16-17 17

(I (In n Euro Terms Euro Terms** **)

€ 16 € 19

€ 1,022 € 1,147

€1,038 €1,166

12%

€ 0 € 200 € 400 € 600 € 800 € 1,000 € 1,200

Q3 FY 2015-16 Q3 FY 2016-17

Outside India Within India

6 ** Please refer to Note on last slide.

Revenues EB EBITDA ITDA PB PBT T & & PA PAT T

(In Million Eu Euro) (In Million Eu Euro) (In Million Eu Euro) (In Million Eu Euro)

€ 39 € 13 € 51 € 15

31% 15%

€ 0 € 55

PBT PAT-Concern Share Q3 FY 2015-16 Q3 FY 2016-17

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SLIDE 7

MSSL Presentation on Results Q3 FY16-17

SMR SMR : : Q3 Q3 FY15 FY15-16 16 vs vs Q3 Q3 FY FY 16 16-17 17

(I (In n Euro Terms Euro Terms** **) Revenues EBIT EBITDA DA

7

€ 38 € 48

26%

€ - € 10 € 20 € 30 € 40 € 50

Q3 FY 2015-16 Q3 FY 2016-17

EBITDA

€16 €19 €339 €388 €355 €407

15%

€ - € 50 € 100 € 150 € 200 € 250 € 300 € 350 € 400

Q3 FY 2015-16 Q3 FY 2016-17

Within India Outside India

(in Million Eu Euro)

** Please refer to Note on last slide.

(in Million Eu Euro)

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SLIDE 8

MSSL Presentation on Results Q3 FY16-17

€40 €45 €6 €7 €46 €52

Q3 FY 2015-16 Q3 FY 2016-17

Reported EBITDA** Startup Cost Adjusted EBITDA

€684 €759

11% 11%

€ - € 100 € 200 € 300 € 400 € 500 € 600 € 700 € 800

Q3 FY 2015-16 Q3 FY 2016-17

SMP SMP : : Q3 Q3 FY15 FY15-16 16 vs vs Q3 Q3 FY FY 16 16-17 17

(I (In n Euro Terms Euro Terms** **) Revenues EBIT EBITDA DA

8 ** Please refer to Note on last slide. {** After Start up cost for greenfield/ brownfield plants, charged to P&:L}

13%

(in Million Eu Euro) (in Million Eu Euro)

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SLIDE 9

MSSL Presentation on Results Q3 FY16-17 9

  • Results Q3 vs Q3
  • Results 9M vs 9M.
  • Status of facilities
  • Debt status
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SLIDE 10

MSSL Presentation on Results Q3 FY16-17

MS MSSL SL Con Consolidat solidated ed : : 9M 9M FY1 FY15-16 16 vs 9 vs 9M F M FY Y 16 16-17 17

2,553 3,044

19%

400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 2,200 2,400 2,600 2,800 3,000 3,200 3,400

9M FY 2015-16 9M FY 2016-17

EBITDA

Revenues EB EBITDA ITDA PB PBT T & & PA PAT

10 10

3,499 4,238 23,418 26,646 26,917 30,884 15%

  • 2,000

4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 20,000 22,000 24,000 26,000 28,000 30,000 32,000 34,000

9M FY 2015-16 9M FY 2016-17

Within India Outside India

14% Reven evenue ues (ou

  • utsi

tside de Ind India) ia) 21 21% Reven evenue ues (With Within in In India dia)

(Rs

  • Rs. in Cro

Crores) (Rs

  • Rs. in Cro

Crores) (Rs

  • Rs. in Cro

Crores)

1,560 867 2,016 1,080

29% 25%

  • 2,200

PBT PAT-Concern Share 9M FY 2015-16 9M FY 2016-17

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SLIDE 11

MSSL Presentation on Results Q3 FY16-17

3,147 3,833 587 617 3,734 4,450

19%

  • 300

600 900 1,200 1,500 1,800 2,100 2,400 2,700 3,000 3,300 3,600 3,900 4,200 4,500

9M FY 2015-16 9M FY 2016-17

Domestic Exports

MS MSSL SL Stand Standalon alone e : : 9M 9M FY1 FY15-16 16 vs vs 9M 9M FY FY 16 16-17 17

(Rs

  • Rs. in Cro

Crores)

11 11

726 919

27%

  • 100

200 300 400 500 600 700 800 900 1,000 1,100

9M FY 2015-16 9M FY 2016-17

EBITDA

5% Reven evenue ues (ou

  • utsi

tside de Ind India) ia) 22 22% Reven evenue ues (Within (Within In India) dia) Revenues EB EBITDA ITDA PB PBT & & PA PAT

(Rs

  • Rs. in Cro

Crores) (Rs

  • Rs. in Cro

Crores)

669 480 808 555

21% 16%

  • 50

100 150 200 250 300 350 400 450 500 550 600 650 700 750 800 850 900 950 1,000 1,050 1,100

PBT PAT

9M FY 2015-16 9M FY 2016-17

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SLIDE 12

MSSL Presentation on Results Q3 FY16-17

€ 212 € 251

18%

€ - € 10 € 20 € 30 € 40 € 50 € 60 € 70 € 80 € 90 € 100 € 110 € 120 € 130 € 140 € 150 € 160 € 170 € 180 € 190 € 200 € 210 € 220 € 230 € 240 € 250 € 260 € 270 € 280

9M FY 2015-16 9M FY 2016-17

EBITDA

SMRPB SMRPBV V : : 9M

9M FY15 FY15-16 16 vs vs 9M 9M FY 1 FY 16-17 17

(I (In n Euro Terms Euro Terms** **)

€ 43 € 52 € 2,932 € 3,278 €2,975 €3,330

12%

€ 0 € 200 € 400 € 600 € 800 € 1,000 € 1,200 € 1,400 € 1,600 € 1,800 € 2,000 € 2,200 € 2,400 € 2,600 € 2,800 € 3,000 € 3,200 € 3,400

9M FY 2015-16 9M FY 2016-17

Outside India Within India

12 12 ** Please refer to Note on last slide.

Revenues EB EBITDA ITDA PB PBT T & & PA PAT T

(In Million Eu Euro) (In Million Eu Euro) (In Million Eu Euro)

€ 105 € 35 € 139 € 45

32% 29%

€ 0 € 20 € 40 € 60 € 80 € 100 € 120 € 140

PBT PAT-Concern Share 9M FY 2015-16 9M FY 2016-17

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SLIDE 13

MSSL Presentation on Results Q3 FY16-17

SMR SMR : : 9M 9M FY15 FY15-16 16 vs vs 9M 9M FY FY 16 16-17 17

(I (In n Euro Terms Euro Terms** **) Revenues EBIT EBITDA DA

13 13

€ 98 € 118

20%

€ - € 10 € 20 € 30 € 40 € 50 € 60 € 70 € 80 € 90 € 100 € 110 € 120

9M FY 2015-16 9M FY 2016-17

EBITDA

€43 €52 €985 €1,103 €1,028 €1,155

12%

€ - € 50 € 100 € 150 € 200 € 250 € 300 € 350 € 400 € 450 € 500 € 550 € 600 € 650 € 700 € 750 € 800 € 850 € 900 € 950 € 1,000 € 1,050 € 1,100 € 1,150 € 1,200

9M FY 2015-16 9M FY 2016-17

Within India Outside India

(in Million Eu Euro)

** Please refer to Note on last slide.

(in Million Eu Euro)

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SLIDE 14

MSSL Presentation on Results Q3 FY16-17

€115 €136 €13 €17 €128 €153

9M FY 2015-16 9M FY 2016-17

Reported EBITDA** Startup Cost Adjusted EBITDA

€1,948 €2,176

12% 12%

€ - € 100 € 200 € 300 € 400 € 500 € 600 € 700 € 800 € 900 € 1,000 € 1,100 € 1,200 € 1,300 € 1,400 € 1,500 € 1,600 € 1,700 € 1,800 € 1,900 € 2,000 € 2,100 € 2,200 € 2,300 € 2,400 € 2,500 € 2,600

9M FY 2015-16 9M FY 2016-17

SMP SMP : : 9M 9M FY15 FY15-16 16 vs vs 9M 9M FY FY 16 16-17 17

(I (In n Euro Terms Euro Terms** **) Revenues EBIT EBITDA DA

14 14 ** Please refer to Note on last slide. {** After Start up cost for greenfield/ brownfield plants, charged to P&:L}

20%

(in Million Eu Euro) (in Million Eu Euro)

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SLIDE 15

MSSL Presentation on Results Q3 FY16-17 15 15

  • Results Q3 vs Q3
  • Results 9M vs 9M.
  • Status of facilities
  • Debt status
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SLIDE 16

MSSL Presentation on Results Q3 FY16-17

Statu Status of upc s of upcoming

  • ming fac

facil ilit ities ies – Gl Glob

  • bal

al.

16 16

1 USA USA 1 Mexico Mexico 3 Ind India ia 3 Hungary Hungary 1 South South Korea Korea

Upcoming facilities as on 31st Dec 2016.

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SLIDE 17

MSSL Presentation on Results Q3 FY16-17

Statu Status of upc s of upcoming

  • ming fac

facil ilit ities ies – Ameri America cas.

(USA+ Mexico+ Brazil)

Company : SM SMP Location: Tusc Tuscaloosa loosa, , AL AL (US (USA) A) Type: Greenfield Plant Product: Bumpers, Door panels, spoilers and other exterior parts Operational : Q1 FY1 FY18-19 19

Q1 FY15-16

New Development

Q3 FY15-16 Q1 FY16-17 17 17

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SLIDE 18

MSSL Presentation on Results Q3 FY16-17

Status of upcoming facilities●

(USA+ Mexico+ Brazil)

Company : SMR Location: San Luis Potosí, Mexico Type: Expansion / Paint Shop Product: Exterior Rear View mirrors Operational : Q4 FY 16-17 (expansion)

Q1 FY16-17 18 18

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SLIDE 19

MSSL Presentation on Results Q3 FY16-17

Status of upcoming facilities – Europe●

Company : SMP Location: Kecskemet, Hungary Type: Greenfield plant, Product: Bumpers & Door Panels Operational : Q4 FY 17-18

Q1 FY15-16

New Development

Q3 FY15-16 Q1 FY16-17 19 19

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SLIDE 20

MSSL Presentation on Results Q3 FY16-17

Company : SMR Location: Mosonszolnok, Hungary Type: Expansion / New Paint Shop Product: Exterior Rear View mirrors Operational : Q4 FY 17-18

Q1 FY16-17

Statu Status of upc s of upcoming

  • ming fac

facil ilit ities ies – Eu Europ rope●

20 20

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SLIDE 21

MSSL Presentation on Results Q3 FY16-17

Company : SMR Location: Incheon city, South Korea Type: Relocation of plant Product: Mirror parts, powerfold, Operational : FY 17-18

Statu Status of upc s of upcoming

  • ming fac

facil ilit ities ies – Asi Asia●

Q1 FY16-17 21 21

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SLIDE 22

MSSL Presentation on Results Q3 FY16-17

Status of upcoming facilities – India●

Company : MSSL WHD Location: Sanand, India Type: Greenfield plant Product: Wiring Harness Operational : Q4 FY 16-17

Q1 FY15-16

New Development

Q3 FY15-16 Q1 FY16-17 22 22

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SLIDE 23

MSSL Presentation on Results Q3 FY16-17

Company : MSSL WHD Location: Noida, India Type: Expansion Product: Wiring Harness Operational : Q2 FY 17-18

Statu Status of upc s of upcoming

  • ming fac

facil ilit ities ies – Ind India ia●

Q1 FY16-17 23 23

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SLIDE 24

MSSL Presentation on Results Q3 FY16-17

Company : MATE Location: Túrkeve, Hungary Type: Greenfield Product: Polymer products Operational : Q3 FY 17-18

New Deve New Developme lopments nts – Eu Europ rope●

24 24

Architectural impression

slide-25
SLIDE 25

MSSL Presentation on Results Q3 FY16-17

Company : MSSL WHD Location: Pithampur, Indore, India Type: Expansion Product: Wiring Harness Operational : FY 17-18

New Deve New Developme lopments nts – Ind India ia●

25 25

slide-26
SLIDE 26

MSSL Presentation on Results Q3 FY16-17 26 26

  • Results Q3 vs Q3
  • Results 9M vs 9M.
  • Status of facilities
  • Debt status
slide-27
SLIDE 27

MSSL Presentation on Results Q3 FY16-17

Net Net Debt Debt

27 27 (Rs. in crores)

Exchange rate used 31.03.2016 30.09.2016 31.12.2016 Rs./Euro 75.38 74.86 71.40 Rs./USD 66.25 66.61 67.92 (Rs. in crores)

31.03.2016 30.09.2016 31.12.2016 Standalone Consolidated Standalone Consolidated Standalone Consolidated Gross Debt 485 6,069 311 8,115 327 8,071 Cash & Bank 14 1,768 2,610 5,940 2,807 5,529 Net Debt 471 4,301 (2,299) 2,175 (2,480) 2,542

471

  • 2,299
  • 2,480

4,301 2,175 2,542

31.03.2016 30.09.2016 31.12.2016

Standalone Consolidated

SMR SMRP B P BV raised aised 5.5 5.5 years B years Bonds of

  • nds of

USD SD 300 00 millions millions @4.875% 4.875% p.a. in p.a. in June 2016 June 2016 & addit additional t ional tap iss ap issue of ue of US$ S$ 100 million in 100 million in August 201 ugust 2016 6

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SLIDE 28

MSSL Presentation on Results Q3 FY16-17

Referen Reference ce Rates Rates

28 28

Q3 FY1 FY16-17 17

Average Q3 2015-16 Q3 2016-17 % Change LME Copper (USD / Ton ) 4,886 5,281 8.1% Currency (equal to Rs.) Q3 2015-16 Q3 2016-17 % Change INR to Euro 72.18 72.62 0.6% INR to YEN 0.54 0.62 14.8%

Cop

  • ppe

per R r Rate ates.

Q3 FY1 FY16-17 17

Exc Excha hang nge e Rate ates.

9M FY1 Y16-17 17

Average 9M 2015-16 9M 2016-17 % Change LME Copper (USD / Ton ) 5,397 4,928

  • 8.7%

Currency (equal to Rs.) 9M 2015-16 9M 2016-17 % Change INR to Euro 71.56 74.29 3.8% INR to YEN 0.53 0.63 18.9%

9M FY1 Y16-17 17

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SLIDE 29

MSSL Presentation on Results Q3 FY16-17

Safe Safe harbou harbour r & Note & Note. Thank Thank you you.

29 29 Safe harbor This presentation contains forward-looking statements based on the currently held beliefs and assumptions of the management of the Company, which are expressed in good faith and, in their opinion, reasonable. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance,

  • r achievements of the Company or industry results, to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking
  • statements. Given these risks, uncertainties and other factors, recipients of this presentation are cautioned not to place undue reliance on these forward-looking statements. The Company

disclaims any obligation to update these forward-looking statements to reflect future events or developments.

Note : **SMRPBV, parent company for SMR & SMP prepares financial statements in Euro currency, hence comparative data is given in Euro terms. These results are consolidated in MSSL by using average year to-date exchange rates.