August 2017 Photo by Rajarishi Mitra. 1
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August 2017Photo by Rajarishi Mitra.
1
2
Photo by Ron W
A growing
portfolio
that is
diverse and
scalable.
6
JERSEY
UK
GERMANYCZECH
REPUBLIC
UAE
RUSSIA
AUSTRALIAMAURITIUS
SINGAPOREBRAZIL
USA
FRANCE
SPAIN
MEXICO
HUNGARY
CHINA
SOUTH KOREA
JAPAN
SOUTH
AFRICA
ITALY
THAILAND
SLOVAKIA
SRI LANKA
PORTUGAL
INDIA
NETHERLANDS
SERBIA
FINLAND
ESTONIA
LITHUANIA
POLAND
CANADA
HONGKONG
CYPRUS
IRELAND
LUXEMBOURG
MACEDONIA
Photo by Glenn Strong
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•Established in 1986, MSSL is a joint venture between Samvardhana Motherson Group (SMG) and Sumitomo Wiring Systems (Japan).
•One of the largest manufacturers of wiring harnesses for passenger cars in India and for commercial vehicles globally
•Also, one of the largest manufacturer of rear-view mirrors, IP modules, door trims and bumpers for passenger car manufacturers globally
01 Polymers
and modules
28%
14%
5%
% of MSSL sales*.
03 Rear
view mirrors
02 Wiring
harnesses
50%
25%
24%
$ 1.5 billion
$ 6.5 billion
Actual
CAGR
29.97 %
• MSSL consolidated
revenues (in mln. INR).
2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17
* Revenues of PKC group (acquired at the end of March 2017) of Euro 845.6 million for 2016 on performa
• INR 2,500 invested in
the MSSL IPO is worth
INR 8,706,158 (including
cumulative dividend)*.Capital Value
Cumulative dividend
IPO 8X
85X
268X
3,482 X which
is equal to
348,146%
return
1993 2000 2005 2010 2017
South America
Supplier of the year
FordToyota
Regional
Contribution Award
Supplier of the Year
Silver award
Best Project
Performance
ZERO PPM
Award
Daimler
Supplier Award for
Partnership
(support in global growth)
Overall
Performance
Maruti Suzuki
Excellence in
Comprehensive
Assessment
Certificate for
Safety
Volkswagen
Innovation &
Technology Award
Renault
Nissan
Overall Best QCDM
Performance
Awards
Certificate for
Quality
Certificate for
Delivery
Best Performance
Award
GM
Supplier of
the Year
Award
Tooling
Localization
Ashok
Leyland
Zero Defect
Business Partner
Suzuki
Motorcycle
Best Supplier
Performance Award –
New DevelopmentStrong CR Efforts in
VA / VE- HSCS
Honda Motorcycles &
Scooters
Supplier
Performance
Paccar
Diamond
Supplier
Navistar
Excellent
Supplier
Foton
Mahindra
Best SPD
PerformanceQuality Excellence
Award
Volvo Honda
Cars
Outstanding support
in Sales PromotionQuality
Excellence
Hyundai Tata
Motors
Best
Supplier
KobelcoHonda Power
Products
Preferred Business
Partner
Tata
Hitachi
Significant
Contribution on
Quality
Supplier
Performance
Award
Significant
Contribution
Award
Komatsu
Platinum Level in
Supplier Quality
Excellence Process
Caterpillar
Commendable
Performance for India
Business
John Deere
Strategic Partner in
Progress
Chairman’s Award
JCB
Partner-level Supplier
In Achieving
Excellence Program
16
17
18
1
2
3
Door TrimCockpitWiring Harness Bumper
HVAC SystemsExterior Mirror
Frontend Module
Interior Mirror Body Control
Module
Vehicle
Electronics
Shock Absorber
Air Intake Manifold
Pedal Box Assembly
Fuse Box
Connectors
Grommets &
Rubber Parts
Junction Box
Outside Handle
Inside Handle
Headlight
Tail Light
Extruded Plastic
Parts
Tail Gates
Battery TrayBox Floor Console
Pillar Trim
Scuff Plate
Spoiler
Interior Lamp
Air Cleaner Assy.
Compressor
Increasing
content per car
SMG has integrated 19 acquisitions since 2002,
creating synergies while leaving companies to
manage themselves as autonomously as
possible.
02
Machined metal
components
Germany, (Asset purchase)
03
Plastic injection moulding
Germany, (Company purchase)
01
Wiring Harness Business
Ireland,(Asset purchase)
04
Plastic injection moulding
Czech Republic, (Company
purchase)
06
Wiring harness
business
UK, (Asset purchase)
05
Door trim business
Australia
(Asset purchase)
07
Rubber moulding business
Australia,
(Asset purchase)
09
Global Rear View
Mirror business of
UK (Rear view mirror
business)
11
Thermoformed
polyethylene and blow
moulded components
South Africa
13
Extruded plastic parts
Germany,
(Asset Purchase)
14
Plastic moulding
Germany,
(Asset purchase)
2002 2005 2006 2007 2009 2011 2014 2016 2017
17
Plastic moulding
Hungary (automotive
business unit)
10
Interior & exterior
polymer modules
,
Germany
08
Gear cutting tools
India, (Strategic business
units purchase)
2012
12
Powdered metal parts
Spain, (Share purchase)
16
Magneti Marelli Shock
Absorbers Pvt. Ltd
India (Stake purchase)
18
Illumination solutions
,
19
Wiring Harness
,
(Share purchase)
15
Wiring Harness Business
of Stoneridge Inc.
USA (Wiring harness
business)
A global company
adjusts to the external
environment - as one
cannot change it.
Circle of influence
We focus on
improving our own
operational
performance.
Return on
TRUST.
0
100,000
200,000
300,000
400,000
500,000
* Revenues of PKC group (acquired at the end of March 2017 of Euro 845.6 million for 2016 on performa
0%
5%
10%
15%
20%
25%
30%
35%
40%
-
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
*
-
15,000
30,000
45,000
60,000
Net Debt is
equivalent to
1.16 X of
EBITDA**
Net Debt is
equivalent to
1.21 X of
EBIDTA
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
-
20
40
60
80
100
120
140
160
180
200
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
-
50
100
150
200
250
•
•
•
•
•
•
•
•
•
31
•
•
•
34
Note : Figures for FY ended 31st March 2016 & 2017 are as per INDAS and for prior years are as per Indian Gaaps
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, or 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.
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