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1 Motherson Sumi Systems Ltd Q3 FY 2014-‐15 Together we make it happen
Presenta(on on Results Q3 & YTD FY 2014-‐15
Motherson Sumi Systems Limited
a member of SAMVARDHANA MOTHERSON GROUP
2 Motherson Sumi Systems Ltd Q3 FY 2014-‐15 Together we make it happen
Performance Highlights
§ Consolidated Revenues of MSSL grew by 13%.
§ Standalone revenues of the MSSL grew by 12%.
§ In Euro terms, SMR and SMP grew by 13% and 19% respec(vely.
§ SMR & SMP have also reported consistent growth and improvement in profitability.
§ Progress of 14 new facili(es is on schedule , 3 facili(es completed and under start up.
§ The current net debt is reduced to Rs. 4,711 crores from Rs. 5,127 crores as reported during previous quarter, AFTER capex of Rs. 600 crores (approx) on expansion of global facili(es.
§ MSSL successfully closed the deal for purchase of assets of Scherer & Trier group (S&T). Our customers have reiterated their confidence by giving us this opportunity. The company develops and manufactures high-‐end surface finish aesthe(c and engineering profiles and moulded parts made of thermoplas(cs and hybrid components made of metal and plas(c. The current turnover of “Scherer & Trier” is in the range of Euro 240 million. This is the 3rd acquisi(on by MSSL this year. It further consolidates MSSL’s polymer business in Europe & North America.
All the comparisons are on QoQ basis unless stated specifically otherwise
MSSL : Motherson Sumi Systems Ltd, (CIN-‐L34300DL1986PLC026431), SMRP BV : Samvardhana Motherson AutomoDve Systems Group B.V., SMR : Samvardhana Motherson Reflectec, SMP : Samvardhana Motherson Peguform, SMIL : Samvardhana Motherson International Ltd
3 Motherson Sumi Systems Ltd Q3 FY 2014-‐15 Together we make it happen
MSSL Consolidated : Q3 FY 2014-‐15 vs. Q3 FY 2013-‐14
Sales EBIDTA* / % to Sales
For the Quarter (Rs. Crores) Q3 2013-‐14 Q3 2014-‐15
Exchange Loss / ( Gain ) on Long Term Loans (32) 11
ExcepKonal expenses -‐ (2)
Notes :
{* Before exchange loss/ (Gain) and excepDonal expenses}
1,146 1,322
6,744 7,628
7,890 8,950
-
2,000
4,000
6,000
8,000
10,000
Q3 FY 2013-14 Q3 FY 2014-15
Within India Outside India
761 840
9.6% 9.4%
0%
2%
4%
6%
8%
10%
12%
400
600
800
1,000
Q3 FY 2013-14 Q3 FY 2014-15
EBITDA % of Sales
478
536
250 254
150
250
350
450
550
Q3 FY 2013-14 Q3 FY 2014-15
PBT PAT
Growth
Total Revenue
13%
PBT
12%
EBITDA
10%
(Rs. in Crores)
(Rs. in Crores)
(Rs. in Crores)
PBT */ PAT#
{# concern share aWer exchange loss/(gain)excepDonal expenses}
PAT
2%
4 Motherson Sumi Systems Ltd Q3 FY 2014-‐15 Together we make it happen
MSSL Consolidated : 9M FY 2014-‐15 vs. 9M FY 2013-‐14
For 9 months (Rs. Crores) 9M 2013-‐14 9M 2014-‐15
Exchange Loss/ ( Gain ) on Long Term Loans 248 37
ExcepKonal expenses -‐ 169
3,455 3,903
18,614 21,265
22,069 25,168
-
5,000
10,000
15,000
20,000
25,000
30,000
9M FY 2013-14 9M FY 2014-15
Within India Outside India Total
2,071 2,302
9.4% 9.1%
0%
2%
4%
6%
8%
10%
1,000
1,500
2,000
2,500
9M FY 2013-14 9M FY 2014-15
EBITDA % of Sales
1,268 1,394
462 522
150
350
550
750
950
1,150
1,350
1,550
9M FY 2013-14 9M FY 2014-15
PBT PAT
Sales EBIDTA* / % to Sales
Growth
Total Revenue
14%
PBT
10%
EBITDA
11%
Notes :
{* Before exchange loss/ (Gain) and excepDonal expenses}
(Rs. in Crores)
(Rs. in Crores)
(Rs. in Crores)
PBT */ PAT#
{# concern share aWer exchange loss/(gain)excepDonal expenses}
PAT
13%
5 Motherson Sumi Systems Ltd Q3 FY 2014-‐15 Together we make it happen
MSSL Standalone : Q3 FY 2014-‐15 vs. Q3 FY 2013-‐14
Domes(c Sales
13%
220 225
20.3% 18.4%
0.0%
3.0%
6.0%
9.0%
12.0%
15.0%
18.0%
21.0%
50
100
150
200
250
Q3 FY 2013-14 Q3 FY 2014-15
EBITDA % of Sales
170 168
124 114
50
100
150
200
Q3 FY 2013-14 Q3 FY 2014-15
PBT PAT
For the Quarter (Rs. Crores) Q3 2013-‐14 Q3 2014-‐15
Exchange Loss / ( Gain ) on Long Term Loans (8) 11
918 1,040
168 179
1,086 1,219
-
300
600
900
1,200
1,500
Q3 FY 2013-14 Q3 FY 2014-15
Domestic Exports
EBITDA
2%
Export Sales
7%
Sales EBIDTA* / % to Sales PBT */ PAT
Growth
{* Before exchange loss/ (Gain) and excepDonal expenses}
Notes :
(Rs. in Crores)
(Rs. in Crores)
(Rs. in Crores)
6 Motherson Sumi Systems Ltd Q3 FY 2014-‐15 Together we make it happen
MSSL Standalone : 9M FY 2014-‐15 vs. 9M FY 2013-‐14
For 9 months (Rs. Crores) 9M 2013-‐14 9M 2014-‐15
Exchange Loss/ ( Gain ) on Long Term Loans 74 26
649 674
20.0% 18.4%
0.0%
4.0%
8.0%
12.0%
16.0%
20.0%
24.0%
200
400
600
800
9M FY 2013-14 9M FY 2014-15
EBITDA % of Sales
528 540
323 369
150
300
450
600
9M FY 2013-14 9M FY 2014-15
PBT PAT
2,747 3,100
503 567
3,250 3,667
-
1,000
2,000
3,000
4,000
9M FY 2013-14 9M FY 2014-15
Domestic Exports Total
Notes :
{* Before exchange loss/ (Gain) and excepDonal expenses}
Sales EBIDTA* / % to Sales PBT */ PAT
Growth
Domes(c Sales
13%
EBITDA
4%
Export Sales
13%
PBT
2%
(Rs. in Crores)
(Rs. in Crores)
(Rs. in Crores)
PAT
14%
7 Motherson Sumi Systems Ltd Q3 FY 2014-‐15 Together we make it happen
564
1,483
8.1%
7.5%
0%
2%
4%
6%
8%
10%
-
200
400
600
800
1,000
1,200
1,400
Q3 FY 2014-15 YTD FY 2014-15
Rs
in C
rore
s
€ 72 Mn
€ 186 Mn
SMRPBV: Q3 FY 2014-‐15 and YTD FY 2014-‐15
84 267
6,995
19,837
-
5,000
10,000
15,000
20,000
Q3 FY 2014-15 YTD FY 2014-15
Rs
in C
rore
s
Within India Outside India Total
347
821
124 174
50
200
350
500
650
800
950
Q3 FY 2014-15 YTD FY 2014-15
Rs
in C
rore
s
PBT PAT Concern Share
Sales EBITDA* & % to sales
(Rs. in Crores) Q3 2014-‐15 YTD 2014-‐15
ExcepKonal expenses towards bonds issuance -‐ 129 (€ 16 M)
{* Before exchange loss/ (Gain) and excepDonal expenses}
€ 2,483 Mn
€ 901 Mn
{# concern share aWer exchange loss/(gain)excepDonal expenses}
PBT */ PAT#
8 Motherson Sumi Systems Ltd Q3 FY 2014-‐15 Together we make it happen
SMR & SMP: Q3 FY 2014-‐15 vs. Q3 FY 2013-‐14
For the Quarter (Rs. Crores)
Q3 2013-‐14
Q3 2014-‐15
Exchange Loss/ (Gain) on Long Term Loans
(2) -‐
241 255
10.1% 10.2%
0.0%
4.0%
8.0%
12.0%
100
150
200
250
300
Q3 FY 2013-14 Q3 FY 2014-15
EBITDA % of Sales
Sales EBIDTA* / % to Sales Growth
Total Revenue
5%
EBITDA
6%
Revenue in Euro Terms
13%
(Rs. in Crores)
(Rs. in Crores)
79 84
2,319 2,424
2,398 2,508
-
500
1,000
1,500
2,000
2,500
3,000
Q3 FY 2013-14 Q3 FY 2014-15
Within India Outside India Total
€ 284.87 Mn € 323.32 Mn
4,091 4,487
-
1,000
2,000
3,000
4,000
5,000
Q3 FY 2013-14 Q3 FY 2014-15
Sales
€ 485.8 Mn € 577.6 Mn
241 309
5.9% 6.9%
0.0%
5.0%
50
100
150
200
250
300
350
Q3 FY 2013-14 Q3 FY 2014-15
EBITDA % of Sales
EBIDTA* / % to Sales
(Rs. in Crores)
(Rs. in Crores)
Growth
Total Revenue
10%
EBITDA
28%
Revenue in Euro Terms
19%
For the Quarter (Rs. Crores)
Q3 2013-‐14
Q3 2014-‐15
Exchange Loss / (Gain ) on Long Term Loans
(22) -‐
SMR
Sales SMP
9 Motherson Sumi Systems Ltd Q3 FY 2014-‐15 Together we make it happen
SMR & SMP: 9M FY 2014-‐15 vs. 9M FY 2013-‐14
Sales EBIDTA* / % to Sales Growth
(Rs. in Crores)
(Rs. in Crores)
EBIDTA* / % to Sales
(Rs. in Crores)
(Rs. in Crores)
Growth
SMR
Sales SMP
237 267
6,350 7,007
6,587 7,274
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9M FY 2013-14 9M FY 2014-15
Within India Outside India Total
607 688
9.2% 9.5%
0.0%
4.0%
8.0%
200
300
400
500
600
700
800
9M FY 2013-14 9M FY 2014-15
EBITDA % of Sales
Total Revenue
10%
EBITDA
13%
Revenue in Euro Terms
10%
For 9 months (Rs. Crores)
9M 2013-‐14
9M 2014-‐15
Exchange Loss/ (Gain) on Long Term Loans (11) 2
11,290 12,563
6,000
8,000
10,000
12,000
14,000
9M FY 2013-14 9M FY 2014-15
Sales
€ 1,413.0 Mn
€ 1,572.7Mn
652
795
5.8% 6.3%
0.0%
2.0%
4.0%
6.0%
8.0%
200
300
400
500
600
700
800
9M FY 2013-14 9M FY 2014-15
EBITDA % of Sales
Total Revenue
11%
EBITDA
22%
Revenue in Euro Terms
11%
For 9 months (Rs. Crores)
9M 2013-‐14
9M 2014-‐15
Exchange Loss/ (Gain) on Long Term Loans 185 9
€ 824.40 Mn € 910.64 Mn
10 Motherson Sumi Systems Ltd Q3 FY 2014-‐15 Together we make it happen
Debt Status – MSSL Consolidated
Rs in crores 31.3.2014 30.09.2014 31.12-‐2014
Gross Debt* 4,840 6,192 5,839
* Include loans due in one year 845 298 256
Cash & Bank Balance 906 1,065 1,128
Net Debt 3,934 5,127 4,711
Exchange Rate used 31.3.2014 30.09.2014 31.12.2014
Rs / Euro 82.49 77.99 76.25
Rs / US $ 59.91 61.74 63.03
739 741 700
3,195
4,385 4,011
3,934
5,127 4,711
-‐
1,000
2,000
3,000
4,000
5,000
6,000
31.03.2014 30.09.2014 31.12.2014
(Rs. in crores)
MSSL SA Others
11 Motherson Sumi Systems Ltd Q3 FY 2014-‐15 Together we make it happen
Debt Status – SMRPBV
Rs in crores 31.3.2014 30.09.2014 31.12-‐2014
Gross Debt* 4,152 4,910 4,604
* Include loans due in one year 693 143 76
Cash & Bank Balance 738 679 671
Net Debt 3,414 4,231 3,933
3,414 4,231 3,933
-‐
900
1,800
2,700
3,600
4,500
31.03.2014 30.09.2014 31.12.2014
(Rs. in crores)
SMRPBV
12 Motherson Sumi Systems Ltd Q3 FY 2014-‐15 Together we make it happen
Thank You …
A Rela(onship Built on Trust