PPAP Automotive Limited CIN: L74899DL1995PLC073281 B-206A, Phase-II, Noida - 201305, Uttar Pradesh, India T el : +91-120-2462552/53, Fax: +91-120-2461371 Email : inf o@p papco.com, Website : www. ppapco.in s" November, 2020 The Li sting Depart ment BSE Li mited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400001 Symbol: 532934 The Li sting Department The National Stock Exchange of India Li mited Exchange Plaza, Sandra Kurla Complex, Sandra (E), Mumbai - 400051 Symbol: PPAP Subject: Analysts and Investors Presentation pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dear Sir, Pursuant to Regulation 30 of the Securities and Exchange Board of India (Li sting Obligations and Di scl osure Requirements) Regulations, 2015, please find encl osed the Analysts and Investors presentation for the unaudited financial results of the Company for the quart er and half year ended so" September, 2020. Thanking you, Yours faithfully, Fo l Automot;ve Umlted v-~ Soma Bhal'ldari Comftany-6 ary Re gi stered Offi ce: 54, Okhl a Industri al Estate, Phase-III , New Delhi -110020
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The Listing Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400001 Symbol: 532934
The Listing Department The National Stock Exchange of India Limited Exchange Plaza, Sandra Kurla Complex, Sandra (E), Mumbai - 400051 Symbol: PPAP
Subject: Analysts and Investors Presentation pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Dear Sir,
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Analysts and Investors presentation for the unaudited financial results of the Company for the quarter and half year ended
so" September, 2020.
Thanking you,
Yours faithfully,
Fol Automot;ve Umlted
v-~ Soma Bhal'ldari Comftany-6 ary
Registered Office: 54, Okhla Industrial Estate, Phase-III, New Delhi-110020
• Revenue from Operations at ₹ 82.94 Cr. and Part Sales at ₹ 81.62 Cr.
• EBITDA at ₹ 12.24 Cr, 14.8% of Sales
• PAT at ₹ 3.67 Cr, 4.4% of Sales
• EPS stood at ₹ 2.62
• Started supplies for Honda City & Jazz, Kia Seltos, Hyundai Venue
4.32
-14.40
3.67
5.1%
-81.7%
4.4%
Q2FY20 Q1FY21 Q2FY21
Profit after Tax
PAT %
Incorporation of partnership firm
Start of the Automotive Business
Added Maruti Suzuki as customer
Technological tie up with Tokai Kogyo Co. Ltd., Japan
Established Plant - I (Noida)
Added Honda Cars as customer
Added Tata Motors as customer
Technological tie up with NissenChemitec Corporation, Japan
Certification of TS 16949 and ISO 14001
Established Plant - II (Noida)
Added General Motors as customer
Added Toyota as customer
Certification of OHSAS 18001
Listed on BSE / NSE
Established Plant - III (Surajpur)
Added Mahindra & Mahindra as customer
Added Renault Nissan and Ford India as customer
Established Plant - IV (Pathredi, Rajasthan)
Technological tie up with Tokai Seiki Co., Japan
Added Isuzu Motors as customer
Entered into LCV business - SMLIsuzu
Entered into two-wheeler business - Suzuki Motorcycle
1978
1985
1989
1996
2002, 2003
2004, 2005
2006, 2007
2008, 2010 2015, 2016
2012, 2014
Our Mission : “TO BE A GLOBAL LEVEL EXCELLENCE COMPANY WITH AN INSPIRING WORK CULTURE FOR SERVING CUSTOMERS AND THE SOCIETY BY EXCEEDING THE EXPECTATIONS OF ALL ITS STAKEHOLDERS”
OUR EVOLUTION……….……….
2018
Certification of ISO 50001
Established Plant - V at Vallam Vadagal (Tamil Nadu)
Established Plant - VI (Viramgam, Gujarat)
Established Plant - VII (Viramgam, Gujarat)
Implemented SAP
Great place to work certified
Certification of ISO/IEC 27001
Start of after market business
Start of electric vehicle components business
Start of Commercial Tooling Business
2019
3
• Over 30 years of experience in Automotive Industry• Identified as India’s leading manufacturer of Automotive Sealing Systems, Interior and Exterior Injection
parts Rich Legacy
• Integrated operations from Print to Build• One stop shop for full range of Automotive Sealing Systems • Best in class Injection Molding Machines from 60 to 2500 tons
Market Leadership
• State-of-the-art manufacturing facilities located at Noida (U.P.), Surajpur (U.P.), Pathredi (Rajasthan), Vallam Vadagal (Tamil Nadu) and Viramgam (Gujarat)
• Plants are ITATF 16949, ISO 14001, ISO 45001, ISO 50001and ISO/IEC 27001 certifiedExcellent Infrastructure
• Strong technology alliances with Japanese companies since 1989• Tokai Group for Automotive Sealing System (Plastic) and Toolings, Joint venture with Tokai Group for
Automotive Sealing System (EPDM Rubber and TPV) • Nissen Chemitec Corp. for Injection Molded products
Global Technology Partners
• Associated with Global OEM Manufacturers including Maruti Suzuki & Suzuki Motors, Honda Cars, Toyota Kirloskar, Renault, Nissan, Volkswagen, MG Motors, Tata, Hyundai, KIA , SML Isuzu, Isuzu Motors, Mahindra and Mahindra, Suzuki Motorcycles
Strong Customer Base
WHO WE ARE……….……….
4
KEY MANAGEMENT……….……….
Mr. Abhishek Jain, CEO & Managing DirectorBachelor of Science in Industrial Engineering from Purdue University, USA
Work experience of over 15 years
Chairman North region of Honda Suppliers Club
Member of Pillar IV of Automotive Component Manufacturers Association of India
Mr. Ajay Kumar Jain, Chairman & Managing DirectorBachelor of Commerce from Shri Ram College of Commerce, Delhi University
Associated with the Company since inception with experience of over 40 years in polymer processing industry
and over 30 years in the automotive industry
President of Toyota Kirloskar Supplier Association
Mr. Anurag Saxena, Chief Financial OfficerMember of ICAI and ICMAI
Work experience of over 20 years
Has previously worked with Subros Limited, Minda Industries Limited, Jamna Auto Industries Limited
5
Mr. Ramesh Chander Khanna, President and Chief Operating Officer Fellow Member of The Institute of Engineers, India
Work experience of over 40 years
Has previously worked with ISGEC, BST, Escorts, Daewoo Motors, Toyota Kirloskar Motors, Kirloskar Group of Companies
Expert trainer of Toyota Production System & Toyota Way
TECHNOLOGY PARTNERSHIP - PPAP SINCE 1989JOINT VENTURE COMPANY - PPAP TOKAI INDIA RUBBER PVT. LTD.
AUTOMOTIVE EXTERIOR & SEALING PRODUCTS
TOKAI KOGYO CO. LTD., JAPAN
Established: 1947Global Presence: USA, Thailand, Indonesia, China,
Mexico, Vietnam
NISSEN CHEMITEC CORPORATION, JAPAN
Established: 1951Global Presence: USA, Thailand, Indonesia,
Singapore
TECHNOLOGY PARTNERSHIP - PPAP SINCE 2007
AUTOMOTIVE INTERIOR PRODUCTS
TECHNOLOGY PARTNERS……….……….
6
India’s leading manufacturer of Automotive Sealing Systems
Leading OEM manufacturers inIndian Market are customers Capability from Design to Print
Focus on Kaizen towardsTechnology and Operations
Cost sensitive Culture
Leadership Position Strong Customer Base Strong R&D Facilities
State-of-the-art manufacturing facilities Healthy FinancialsAccess to Global Technology
Relationship withJapanese Technology Partners
CORE STRENGTHS……….……….
7
Levers of sustainable
development
Optimum utilization of
Assets
Optimization of
Investments
Expansion of customer base and markets
Continuous Improvement
of Operational Efficiency
•Timing, efficiency and best value proposition review•Extend leadership position across OEMs
•Expand Market base – synergy with existing capabilities
Gas assist, Sequential gate valve, Hot runner technology
Size upto 1.2 meter1 Location
Hot runner molds,Gas assist,
Hot runner with sequential gate valve
Multi cavity mold
Design Tool Manufacturing Validation
Plastic Extrusion
Rubber Extrusion
Injection Molding
COMPETITIVE EDGE – STATE OF THE ART MANUFACTURING FACILITY……….……….
JV Company – PPAP Tokai India Rubber Pvt. Ltd.
Commercial Tool Room
14
• Established in 2019
• 100% wholly owned subsidiary
• Product line - Trading and distribution of components and automotive accessories in after sales market or secondary market through dealership network
• Warehouse in Delhi
• Established in 2019
• 100% wholly owned subsidiary
• Product line - Development of electric vehicle components
• Manufacturing facility in Uttar Pradesh
•Established in 2012
•50:50 Joint venture with Tokai Kogyo Co. Ltd.
• Manufacturing facilities in Uttar Pradesh & Gujarat
•Product line – EPDM Automotive Body Sealing and TPV Glass Run Channels
JOINT VENTURE & SUBSIDIARIES……….……….
15
CUSTOMER APPRECIATION - ACCOLADES……….……….
16
17
• Revenue from Operations stood at ₹ 82.94 Cr. in Q2FY21 v/s ₹ 85.29 Cr. in Q2FY20
……….……….QUARTERLY PERFORMANCE
18
85.29 79.14
103.57
17.62
82.94
12.7% 13.4% 13.5%
-70.4%
14.8%5.4% 5.5% 7.6%
-106.1%
7.1%5.1%
4.5% 5.5%
-81.7%
4.4%
Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21
₹ Cr
.
*REVENUE FROM OPERATIONS EBITDA MARGIN EBIT MARGIN PAT MARGIN
MAJOR EXPENSES (₹ Cr.)……….……….
19
45.0241.85
61.47
11.40
45.21
52.8% 52.9%59.3%
64.7%
54.5%
Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21
Materials
Value % to Revenue
16.9115.43
16.06
13.26
14.52
19.8% 19.5%15.5%
75.2%
17.5%
Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21
Employee Benefits
Value % to Revenue
12.51
11.23
12.01
5.37
10.98
14.7% 14.2%11.6%
30.5%
13.2%
Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21
Other Expenses
Value % to Revenue
6.386.46 6.44 6.51 6.55
7.5% 8.2%6.2%
36.9%
7.9%
Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21
Depreciation
Value % to Revenue
INTEREST & EARNINGS (₹ Cr.)……….……….
20
0.650.68
0.66 0.58
0.98
0.8%0.9%
0.6%
3.3%
1.2%
Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21
INTEREST
Value % to Revenue
10.85
10.62
14.03
-12.40
12.24
12.7% 13.4% 13.5%
-70.4%
14.8%
Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21
EBITDA
Value % to Revenue
4.57 4.35 7.85
-18.69
5.89
5.40% 5.50% 7.60%
-106.10%
7.10%
Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21
EBIT
Value % to Revenue
4.32 3.52
5.67
-14.40
3.67
5.1% 4.5% 5.5%
-81.7%
4.4%
Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21
PAT
Value % to Revenue
EPS, BOOK VALUE, MARKET CAPITALIZATION (BSE)……….……….
SHAREHOLDING PATTERN AS ON 30TH SEPTEMBER 2020……….……….
MARKET CAPITALIZATION (BSE) ₹ 331.80 Cr.
28
Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve a
number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward looking statements. Important developments
that could affect the Company’s operations include changes in the industry structure, significant changes in political and economic environment in India and overseas, tax laws, import
duties, litigation and labour relations.
PPAP Automotive Limited will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking
statements to reflect subsequent events or circumstances.