Jamna Auto Industries Ltd. O
Total Page:16
File Type:pdf, Size:1020Kb
.9, Jamna Auto Industries Ltd. May 21,2019 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Dalal Street, Exchange Plaza, Plot no. C/1, G Block, Mun.rbai- 400001 Maharashtra Bandra-Kurla Complex, Bandra (E) Mumbai - 400 051, Maharashtra BSE Code: 520051 NSE Code: JAMNAAUTO Subiect-Pres€ntation on the financial results of fourth quarter of Financial Year 2018-19 Dear Sir, Pursuant to the requirements of Regulation 30 and Regulation 46 ol SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we are enclosing herewith the presentation by the Company pertaining to the frnancial results of fourth quarter ofFinancial Year 2018-19. Kindly take the above information on record. Thanking you, Yours faithfu1ly, For Jamna Auto Industries Limited US J o NEW DELHI r Praveen Lakhera * Company Secretary & Head-Legal (.Incl: As above Corporate Office: sth Floor, Commercial Tower, Hotel Novotel & Pullman, Asset Area No. 2, Hospitality District, Aerocity New Dethi-l1OO37 Teler +91-ll-45504550 I Fax: +91-11-45504551 I www.jaispring.com I CIN: L3 59l1HRl965PLCOO448 5 Regd Office: Jai Spring Road, Yamuna Nagar (Haryana) - 135 OOl, lndia I Tel: +91-1732-251810 I Fax: +91-1732-25182O YAMUNA NAGAR I MALANPUR I CHENNAI I JAMSHEDPUR I PANTNAGAR I HOSUR I PUNE I LUCKNOW Investors’ Presentation Q4 FY’19 Future Ready for Growth… Jamshedpur Plant Jamna30/07/16 Auto Industries Ltd. Company Overview Yamunanagar Plant Jamna30/07/16 Auto Industries Ltd. JAI’s Capabilities India’s 9 #1 Strategically located Spring plants Manufacturer across India Manufacture Rated ~ 500 Parts A1+/AA for OEMs & by ICRA 2,000+ parts for After Market Strong After Market network: More than In-house 13,000 R&D Centre touch points Jamna Auto Industries Limited is referred to as “JAI” hereafter 30/07/16 Jamna Auto Industries Ltd. 3 Key Milestones 2nd Multi-leaf manufacturing Acquired Tata’s Captive Springs Started Business Plant in Malanpur Business in Jamshedpur Collaboration with Ridewell 1954 1991 2007 corporation USA 1957 1999 2008 1st Multi-leaf manufacturing 3rd Multi-leaf manufacturing 4th Multi-leaf manufacturing Plant in Yamuna Nagar Plant in Chennai Plants in Jamshedpur & 5th setup in Pantnagar (Assy) 7th Plant in Pune & 8th Pillaipakkam for Air Suspension Technical Collaboration with 6th Setup in Hosur (Assy) and Lift Axle Tinsley Bridge UK 2012 2016 2018 Marching ahead …… Indore & 2015 2017 Adityapur Set up in-house R&D in Pune Manufacturing Plant in Hosur & 9th Setup in Lucknow (Assy) 30/07/16 Jamna Auto Industries Ltd. 4 JAI’s Corporate Strategy : Growth and Diversification Expand Locations Diversify Products De-risk Markets Manufacturing Plants Existing Products Existing Markets Yamuna Nagar Malanpur Leaf Spring OE India Chennai 1- Leaf Spring Chennai 2- Suspension Parabolic Spring AM India Jamshedpur Lift Axle AM Exports Pune Hosur Air Suspension OE Exports Assembly Plants Lucknow* Products in the pipeline Pant Nagar* Stabilizer Bar Upcoming Plants U Bolt Indore Z Springs Adityapur* Trailer Suspension *Under subsidiaries of Jamna Key Strengths Team of expert, innovative, self driven people Best in class manufacturing facilities Largest Supplier to Tata, Leyland & Daimler Prudent financial management policies 30/07/16 Jamna Auto Industries Ltd. 5 Awards & Accolades Jamna Auto Industries Ltd has been felicitated by Business Standard as “Star SME of the Year 2018”. Award presented by Mr. Arun Jaitley to Mr. Randeep Singh Jauhar (Vice Chairman and Executive Director, Jamna Auto Industries) Awarded for “Overall Operational Excellence - February 2019” by Auto Components India Magazine. Award presented to Mr. J J Mohan (Quality Head, Jamna Auto Industries) 30/07/16 Jamna Auto Industries Ltd. 6 JAI’s Corporate Strategy : Lakshya Operational Goals Financial Goals Product De-risking Diversifying Markets Maximizing Returns Value Creation 33% 33% 33% 33% Revenue from Revenue from 33%ROCE GOALS Dividend New Products New Market ROCE Payout 34% 16% 33% Revenue from Revenue from 55% FY’19 Dividend* New Products ACHIEVED New Market ROCE Payout *9th consecutive year of dividend payout 30/07/16 7 Jamna Auto Industries Ltd. 7 JAI’s Product Portfolio Existing Products Upcoming Products Stabilizer Bar 1) Conventional Leaf Spring 2) Parabolic Leaf Spring U Bolt Z Spring 3) Lift Axle 4) Air Suspension Trailer Suspension 30/07/16 8 Jamna Auto Industries Ltd. 8 JAI’s Plants: Strategically located across CV hubs OEM Plants Pant Nagar Ropar TATA Motors JAI Existing Plants (9) SML Isuzu Ashok Leyland Upcoming Plants (2) Yamuna Nagar Gurugram Pant Nagar Lucknow Maruti Tata Motors Lucknow Alwar Malanpur Ashok Leyland Bhuj Jamshedpur TATA Motors Indore Jamshedpur AMW Adityapur Indore Pune VECV Pune Man Trucks Tata Motors Force Motors Mahindra Force Motors Sri City Bangalore ISUZU Vovlo Chennai- Pillaipakkam Ashok Leyland (Hosur) Hosur Chennai Kamaz Vectra (Hosur) Chennai- MM Nagar Ashok Leyland (Ennore) Leyland Nissan (Hosur) Bharat Benz (Daimler) Scania Renault Nissan Ford India Map Source: as available on www.surveyofindia.gov.in dated 17.02.2017 The Map is for illustrative purpose only 30/07/16 9 Jamna Auto Industries Ltd. 9 JAI’s OEM Customers WORLD’S LEADING PLAYERS IN LEAF SPRING 30/07/16 Jamna Auto Industries Ltd. 10 Shareholding Pattern as on Mar 31, 2019 Category-wise break-up 3.5% 1.0% 2.2% Category No of shares in % 5.0% Promoters 190,773,150 47.9 Individuals 129,341,138 32.5 7.9% Mutual Funds 31,605,788 7.9 Foreign Portfolio Investors 19,956,813 5.0 47.9% Bodies Corporate 8,711,307 2.2 Financial Institutions & Others 13,964,393 3.5 NRIs 4,111,296 1.0 Total 398,463,885 100 32.5% Promoters Individuals Mutual Funds Foreign Portfolio Investors Bodies Corporate Financial Institutions & Others Banks / Others 30/07/16 Jamna Auto Industries Ltd. 11 Industry Highlights Yamunanagar Plant Jamna30/07/16 Auto Industries Ltd. Industry Highlights Good Growth in the CV Industry JAI maintained its market share at 70% for the year . Total CV production grew by 22% YoY . M&HCV production saw a jump of 24% YoY CV Production: FY’18 vs. FY’19 Market Share- OEM India 1,145 937 Others 30% 668 551 Total 477 386 LCVs JAI 70% M & HCVs CV CV production (in '000 nos.) FY'18 FY'19 M & HCVs LCVs Total Data Source- SIAM + Internal Data Source- Internal 30/07/16 Jamna Auto Industries Ltd. 13 Shift in Global Leaf Spring Market 1980’s Leaf Spring Manufacturer Base Country Capacity NHK Spring Co. Ltd Japan 200,000 Delphi USA 100,000 Eaton/Oxford Canada 100,000 Krupp Germany 40,000 Hendrickson USA 40,000 DSP USA 40,000 Rejna Europe 40,000 Hoesh Germany 30,000 Sarfedern Germany 20,000 Johns Woodhead UK 10,000 2019’s Leaf Spring Manufacturer Base Country Capacity Rassini Mexico 250,000 Jamna Auto Industries Limited India 250,000 Hendrickson Canada & Mexico 216,000 NHK Spring Co. Ltd Japan & Thailand 150,000 Dong Feng China 105,000 FAW China 100,000 MBHA Spain 60,000 Olgen Turkey 40,000 LPDN Europe 26,500 Capacity in Tons per Annum 30/07/16 Jamna Auto Industries Ltd. 14 Financial Updates Hosur Plant 30/07/16 Jamna Auto Industries Ltd. 15 Key Financial Trend : FY’18 Vs. FY’19 All Figures in Rupees Crore Net Sales PBIDT 23% 17% 2,135 1,738 246 287 FY'18 FY'19 FY'18 FY'19 PBT Cash Accruals 10% 16% 167 184 186 215 FY'18 FY'19 FY'18 FY'19 Cash Accruals: PAT+ Depreciation 30/07/16 Jamna Auto Industries Ltd. 16 Financial Results – Q4 FY’19 All Figures in Rupees Crore 2017-18 2018-19 2018-19 2017-18 2018-19 % Growth % Growth Particulars Q4 FY'19 FY'19 Last Year 12M Q4 Q4 Q3 Vs Vs Q4 FY'18 FY'18 Net Sales 1,738 2,135 543 597 487 -9.0% 22.8% PBIDT 246 287 71 91 67 -22.3% 17.0% Operating Margin 204 241 58 76 55 -23.4% 17.9% PBT 186 215 54 70 46 -23.1% 15.8% PAT 125 137 33 47 29 -28.6% 9.7% Cash Accruals 167 184 45 61 41 -25.7% 10.3% PBDIT Margin (%) 14.1% 13.5% 13.0% 15.2% 13.8% -2.2% -0.7% Operating Margin (%) 11.8% 11.3% 10.8% 12.8% 11.3% -2.0% -0.5% PBT (%) 10.7% 10.1% 9.9% 11.7% 9.5% -1.8% -0.6% PAT (%) 7.2% 6.4% 6.1% 7.8% 5.9% -1.7% -0.8% Cash Accruals (%) 9.6% 8.6% 8.4% 10.3% 8.4% -1.9% -1.0% Cash Accruals: PAT+ Depreciation 30/07/16 Jamna Auto Industries Ltd. 17 Contributing to Society Other Achievements made in Q4 FY’19: Environment: Distributed 2300 jute bags to discourage use of plastic bags in and around our units nationwide. Education: Awarded scholarship to 271 meritorious & deserving students in Initiated a MOU with “Yuvraj Singh Foundation” to screen Yamuna Nagar and Delhi. Honored 20 martyrs as “Bharat ke Veer” from para-military people for oral and breast cancer nationwide. More than 700 forces from 5 States of India by supporting their families and people were screened in YNR & JSR till March and almost 1000 Sports: Our sponsored star sports person dependents financially in Delhi. Shivam Saini won Gold medal in All India people were sensitized on hazardous of tobacco use. Railway Weightlifting Championship. Community Outreach: More than 1800 girl students were benefitted by installing a sanitary vending machine and incinerator in Govt. Girls Sr. Sec. School. Faridabad Facilitated food for more than 62 thousand poor people in Started three new “Jamna Stitching & Tailoring Delhi, YNR and Allahabad during Kumbh Mela-2019 Centers” in Yamuna Nagar & Malanpur 30/07/16 Jamna Auto Industries Ltd.