Presentation [Company Update]

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


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


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%


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 :


(Rs. in Crores)

(Rs. in Crores)

(Rs. in Crores)

PBT */ PAT#


PAT

13%


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


Notes :

(Rs. in Crores)

(Rs. in Crores)

(Rs. in Crores)


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 :


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%


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


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)


€ 2,483 Mn

€ 901 Mn


PBT */ PAT#


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


€ 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%


19%

For the Quarter (Rs. Crores)

Q3 2013-‐14

Q3 2014-‐15

Exchange Loss / (Gain ) on Long Term Loans

(22) -‐

SMR

Sales SMP


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


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%


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%


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


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


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


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