AUGUST 2 0 1 8 - Sandhar TechnologiesINVESTOR PRESENTATION 2 This presentation and the accompanying slides (the “Presentation”),which have been prepared by Sandhar Technologies

AUGUST 2 0 1 8

Investor Presentation

INVESTOR PRESENTATION 2

This presentation and the accompanying slides (the “Presentation”), which have been prepared by Sandhar TechnologiesLtd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendationor invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with anycontract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of astatutory offering document containing detailed information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable,but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on,the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation maynot be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of thecontents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentationmay contain statements regarding the Company’s market opportunity and business prospects that are individually andcollectively forward-looking statements. Such forward looking statements are not guarantees of future performance and aresubject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks anduncertainties include, but are not limited to, the performance of the Indian economy and of the economies of variousinternational markets, the performance of the tire industry in India and world-wide, competition, the company’s ability tosuccessfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation,changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposureto market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements coulddiffer materially and adversely from results expressed in or implied by this Presentation. The Company assumes noobligation to update any forward-looking information contained in this Presentation. Any forward-looking statements andprojections made by third parties included in this Presentation are not adopted by the Company and the Company is notresponsible for such third party statements and projections.

Safe Harbour


Sandhar Technologies – Overview

Incorporated in 1987 by a first generation entrepreneur, supported by a qualified management team, Historyof PE investment

Customer-centric component supplier, largely focused on vehicular safety and security systems with a pan-India presence and growing international footprint

Scalable business model with high technological capabilities through in-house R&D, global tie-ups andacquisitions

79 Indian and global automotive OEM customers with leading names like Honda, TVS, Tata Motors, Hero –shares relationship with Hero for 30 years

21 product categories catering to various industry segments with leadership position in core products andfocus on increasing customer spend per vehicle

34 manufacturing facilities in India, 2 in Spain, 1 in Mexico and 3 in the process of getting commissioned

FY18 consolidated revenue of INR 1988 Crs. , EBITDA of INR 213 Crs and PAT of INR 65.61 Crs - Standalonebusiness drives most of it

Growth led by Organic and Inorganic means – 4 Acquisitions; Technology diversification, Businessdiversification and customer acquisition


Diversified Product Portfolio

Entry into high value-added products -which enables it to achieve significant scale to overcome entry barriers

Integral part of customers’ supply chains offering multiple products, thus increasing its share in their costs of production

Expanded product portfolio over the years beginning from 100% Sheet metal components in 1987

Locking Systems (22.4%)

Vision Systems ( 11.9%)

Al Die Casting (14.9%)

Sheet Metal Components ( 12.7%)

Cabins & Fabrication ( 9.9%)

2 Wheeler59%

PV/CV13.8%

OHV, Tractors9.9%

Tier-114.5%

Non-Auto3%

21 product lines

Auto Electronics New


Diverse Product Portfolio Across Various End-User Segments

Locks, Vision, Handles & Switches

Wheels & Handle Bar Assemblies

Sheet Metal parts for Auto & OHV

Aluminium & Zinc PDC

Cabins, Canopies for OHVs

Plastic Injection Moulding

Tools & Dies

Upto Rs. 3,800 worth of partsGone up from Rs.3200 in 2015

Upto Rs. 11,750 worth of partsGone up from Rs. 10,881in 2015

Over 2,400 Part & Component Nos.

Upto Rs. 3300 worth of partsGone up from Rs. 2500 in 2015

Upto Rs. 2500 worth of partsGone up from Rs. 400 in 2015

Upto Rs. 314,000 worth of partsGone up from Rs.300,000 in 2015


7%

11%

8%

5%

3%

AutoSector

STLRevenue

2W PV ConstructionEquipment

Long-standing and Growing Relationships with Major OEMs

Relationship with 79 OEMsspread across India, East andWest Europe, and NAFTAregions

Outperformance vs. Auto Market(1)

(1) CAGR from FY13-18

2 Wheelers

4 Wheelers

Off - Highway Vehicles (OHV) / Tractors

Tier I

Long standing relationship with quality and timely delivery

Successfully able to qualifythrough stringent selectionprocedures of OEM customers

Expanded customer basethrough new products,segments and acquisitions

29% 21% 8%

5%4.4%

Top 7 Customers: 75.7% Contribution


Manufacturing Locations in Close Proximity to Automobile Hubs

Scalability and flexibility

Risk mitigation

Reduced volatility of sales

Timely response to customers

“BE GLOCAL”

Taking Production to Customers

Technology Platforms High Precision Sheet Metal stamping / Fabrication Non-Ferrous Die Casting ( Zinc- Aluminium- Magnesium) Plastic Moulding Surface Treatment ( Nickel-Chrome) Robotic Paint Shop

Adjacent to Customers

Gurugram (Hero) Chennai (Royal Enfield) Bengaluru, Nalagarh (TVS)

Spain (Western Europe) Poland (Eastern Europe) Mexico (NAFTA) Dedicated facilities for few

customers ( Honda, JCB)

Driven by Customer Needs – Increase in Customer Stickiness


Innovation through In-house R&D and Technical Collaborations

Recognition by DSIR* 31 engineers

R&D projects across segments viz. Security system, mirror,

evaporator products, electronics, and safety systems

Registered 14 patents, filed 2 trademark applications

Most manufacturing facilities have own engineering

departments

TC agreements with Honda Locks and JEM Techno, and 6 JVs with

established players

* Department of Scientific & Industrial Research, Government of India

Sandhar Center for Innovation & Development (SCID)

PRODUCT

DESIGN

IMPROVEMENTNEW PRODUCT

DESIGNING

END-TO-END

RESEARCH

CAPABILITIESPRODUCT

BENCHMARKING

DESIGN

ANALYSIS AND

SIMULATIONRAPID

PROTOTYPING

CENTRALIZED

PRODUCT DATA

MANAGEMENT

THROUGH PLM

SOFTWARE

VALIDATION TO

IPR FILING

AND PROTECTION

PRODUCT

TESTING


List of Patents

Segment Category Patent

2W

Leadership

Three-point locking mechanism

Anti–theft bike stand lock

Magnetically operated handle lock cum ignition switch for two and three-wheeler vehicles

A cable actuated fuel tank cap with compact locking mechanism for motorcycles

Magnetically operated handle lock cum ignition switch for two and three-wheeler vehicles

Simultaneous braking (front / rear) system for foot brake operated two-wheelers

Simultaneous braking (front / rear) system for only hand brake operated two-wheelers

Futuristic

Roll over valve for motorcycles or two-wheeler vehicles

A replaceable roll over valve fitted with fuel filler cap of motorcycle

A fuel tank cap with inbuilt carbon canister for two-wheelers

Two-wheelers front turn indicator on Mirror housing / Frame

4W Futuristic

Electrically triggered inside rear-view dimming mirror

Integrated steering lock cum ignition switch with fuel tank cap and seat latch actuator

Fuel tank cap assembly


Experienced Management Team Backed by Good GovernanceStandards

Executive Management Team

Jayant Davar

Co-Chairman and Managing Director

First generation entrepreneur with 3 decades of experience in auto componentssector

Mechanical engineer and alumnus of Harvard Business School

Arvind Joshi

Whole time Director, Chief Financial Officer, Company Secretary

CA, CS and LLB with over 20 years of experience

Over 2 decades of experience in managing corporate finance, legal, and commercial functions across diverse businesses and companies in India and overseas

Strong Corporate Governance Standards with 6 Independent Directors on the Board

ArvindKapur

Independent Director

(Since 2005)

MLBhagat


(Since 1993)

Arjun Sharma


(Since 2016)

Ravinder Nagpal


(Since 2001)

KLChugh


(Since 2003)

DharmendarNath Davar

Chairman

Gaurav Dalmia

Nominee Director

(Since 2012)

Monica Davar

Director

(Since 1987)

Well Qualified Workforce

Awards, Recognitions and Certifications

OHSAS 18001,

ISO 14001

GoldenPeacock National Quality

Award2012

Winners Award at the CII

Preliminary Quality Circle Convention

2014

Chapter Quality Concepts, National Chapter – 7 awardspar excellence & 7

excellence2016

Special Recognition

Award at the CII National 5S Excellence

Award2017

Supplier Performance

Award for excellence in cost

2017

Total Workforce

7,744

Engineers~27%

Technical Diploma~25%

Other Professionals~8%

Associates

5,381

Employees

2,363


Business Structure

Business Divisions Subsidiaries Joint Ventures

Sandhar Automotives

Locking Systems Vision Systems Door Handles Latches Hinges Relays

Sandhar Components

Sheet Metal Stampings Plastic Injection Moldings Aluminium PDC Zinc PDC *

Sandhar Automach

Steel Wheel Rims and Assemblies

Handle Bar Assemblies Clutch Assemblies Fender Assemblies Brake Panel Assembly

Cabin & Fabrication

Sheet Metal Fabrications Operator cabins

Sandhar Technologies Barcelona [100%]*

Vehicle Restraint Systems Windscreen Wiper Systems, Anti-

vibration System & Suspension Systems

Sandhar Tooling [80%]

Plastic Moulds / Zinc & Aluminium PDC Dies

Sandhar Strategic Systems [100%]

Indo Tooling

Stamping Tools

Sandhar Han Sung Tech

AVN & Switches assemblies

Jinyoung Sandhar Mechatronics Technologies

High precision press parts

HCIL Division

Locking Systems Handles, Vision systems Mg Die Casting

Sandhar Daewha Automotives

Fuel Pumps & Oil/Air Filters

Sandhar Amkin IndustriesCorporate Support Functions

Strategic Planning, Projects, Finance, Legal, Procurement, Maintenance, Human Resources, Business

Development, Corporate Communications, Research & Development, Information Technologies and CSR

Sandhar Technologies MexicoSandhar Technologies Poland

Breniar Projects SL

Helmets

Sandhar Technologies

New

New

New

New

New


Management Organisation Chart

Mr. Arvind Joshi

Wholetime Director, CFO & CS

Mr. Jayant Davar

Co-chairman & Managing Director

Mr. Rajesh Agarwal

New Projects

Mr. Sanjay Goel

Internal Audit

Mr. Ramesh Chauhan

Central Maintenance

Division

Mr. Rajeev Bhattacharya

Central Procurement

Division

Ms. CharuKhatri

Resource Mobilisation

& Legal

Mr. NarendraDogra

Accounts Controller

Mr. ChandanSengupta

Human Resources

Mr. DilipKumar Naik

Research & Development

Mr. Sanjay Maindiratta

Information Technology

Ms. Vinita shaw

Parking Sensors Division

Mr. PrabodhKumar

Honda Cars Division

Mr. Y.S. Chauhan

SneetMetals & Tooling

Mr. G. J. Singh

Cabins & Fabrication

Mr. Juan Vilar

Aluminium Diecasting -

overseas operations

Mr. D.K. Ashok

Automach

Mr. NirajHans

Automotive & Relay Division

Mr. Ajay Raghav

AluminiumDiecasting -

Indian operations

Mr. R.K. Malik

Polymers Division

CORPORATE

BUSINESS


In-house Capabilities and Best Practices

Centralised Procurement Division (CPD)

Harness synergies in purchasing

Development of vendor base

Control variations in purchase prices across various units

Development of a better understanding of costing across items and units

Centralised Maintenance, Capital Asset Management

Management of assets across all manufacturing facilities in India

Optimization of repairs and maintenance expenses

Energy conservation

Creation of a safe production environment

IT Systems

Implementation of ERP system in 2009

IT systems aiding in design, development and prototyping

Product lifecycle management system

ISO certifications for security, systems and business continuity management systems

Human Resource

No supply disruptions or union issues in the history

No labour unions in any manufacturing facility but 8 where long-term agreements with trade unions have been signed

Careful Risk Mitigation Providing Internal Strength


Key Strategies

Expansion of customer base

Increasing wallet share from existing

OEM customers

Enhance innovation and

design capabilities

Ensure efficiency and cost

optimization

Inorganic growth through strategic acquisitions

Product portfolio expansion through

investments


Demand Drivers vs. our Preparedness

Changes in Safety Norms

Government of India has proposed to make certain safety features mandatory in near future

Rear-parking sensors

ABS, CBS

Tyre-pressure monitor

Helmets

Cabins

Auto Fuels and Emission Norms

Successful implementation of BS IV

BS VI to be introduced in April 2020

Consumer Preferences

Consumers preferring new technologies for comfort, entertainment

Growing customer preference for safety and convenience features e.g. Smart Locks

Increasing demand for auto electronics

Developing Global Sourcing hub

India developing as global sourcing hub for major OEMs

Expanding exports portfolio

Joint Ventures Technical

Collaborations In-house R&D


Expansion to Adjacent Industry Segments

Addition of operatorcabins through acquisitionof Mag Engineering inFY13

Acquisition of cabinbusiness of Arkay Fabsteelin FY15

Leadership in 2W/4W Segments

Leader in 2W lockingsystems market in India

Largest supplier of CV rearview market in India

One of the two largestsuppliers of CV lockingsystems in India

One of the two largestsuppliers of 2W rear viewmirrors in India

Largest player in excavatorcabins market

One of the two largestmanufacturers of operatorcabins in India

Entry into Construction Equipments

Marked Presence in CE Segment


Jinyong Sandhar Mechatronics Pvt. Ltd

AVN Panel Assemblies

LWR Switch

Switches

Remocon Switch Center Fascia Switch

Capability AVN Panel Assemblies and Switches

Location: Chennai

Customer: Hyundai Mobis

This is a Joint Venture with Jinyong Electro-Mechanics.


Sandhar Daewha Automotive Systems Pvt. Ltd.

Wiper Blades

Conventional & hybrid

Electric Fuel Pump Module

(For 2 and 4 wheelers)

Electric Fuel Pump

(EFI for 2 wheeler)

Oil Filter (Spin on type)

for Passenger Cars

Electric Fuel Pump

(EFI for 4 wheeler)

Electric Fuel Pump

Transistor type

Oil Filter (Chromium

Plating) for Motorcycles

Capability Fuel Pumps, Filters and Wiper blades

Location: Manesar (production likely to start by April 2018)

Joint Venture with Daewha Fuel Pump Ind., Ltd.


Upcoming Projects

Sandhar Whetron T C and Joint Venture

Rear Parking Sensors, Cameras, Automatic Parking, Digital Video Recorders, Blind Spot Detection, Anti- theft Systems, Tyre Pressure Monitoring, Radars, Head-Up-Display, USB Chargers, Battery Management System, Auto Lighting, Door Open Alert, Lane Departure Alert, Rear Cross Traffic Alert etc.

Rear Parking Sensors

USB ChargersTyre Pressure Monitors

Digital Video recorder

Anti Theft System

Sandhar Daeshin Joint Venture

Sandhar Amkin Joint Venture

Helmets – Full Face, Flip Up, Open Face and Moto Cross

Gear Shifters Automatic & Manual and Parking Brake Levers

Gear Shifters Parking Brake Lever


11,623 12,689

14,873 15,179 16,335

19,888

FY13 FY14 FY15 FY16 FY17 FY18

Strong Track Record of Topline Growth.. (cont’d)

Consistent Revenue Growth…

All figures in INR Mn

Segmental share of auto industry in 2017-18 Automotive component demand trajectory

0.0

5.0

10.0

15.0

20.0

0

5

10

15

FY14 FY15 FY16 FY17 FY18

Passenger vehicles Commercial vehicles

Scooters M/Cycles

(Mn Units) (Mn Units)

1,813 1,954 2,114 2,2622,510

-3%

8% 8%7%

11%

-4%

-2%

0%

2%

4%

6%

8%

10%

12%

0

500

1,000

1,500

2,000

2,500

3,000


(INR Bn)


192 332 384 337 416

656

1.7%

2.6% 2.6%2.2%

2.4%

3.3%


PAT (INR Mn) PAT Margin

954 1,202 1,444 1,460 1,525 2,130

8.2%9.5% 9.7% 9.6% 9.3%

10.7%


EBITDA (INR Mn) EBITDA Margin

..Translating to Healthy Returns.. (cont’d)

Healthy EBITDA Margins.. ..and PAT Margins..

..Along with Efficient Working Capital Cycle.. ..Resulting into Attractive Return Ratios

17% 16%14% 13%

14%16% 16%

14% 13%

18%


ROE RoCE

58 5864 63 54

36 42 43 42 44

82 8291 88 85

1217 16 16 13


Inventory Days Receivable Days

Payable Days Working Capital Days(1) Inventory Days= Avg Inventory/COGS*365; (2) Receivable Days = Avg Receivables/Net Operating Revenues*365; (3) Payable Days = Avg Payable/COGS*365; (4) Working Capital Days = Inventory Days+Receivable Days-Payable Days

(1) (2)

(3) (4)

(5) (6)

(5) ROE = PAT/Avg Net Worth; (6) RoCE = EBIT/Avg Capital Employed;

Capital Employed = Net Worth + ST Borrowings + LT Borrowings + Current Portion of LT Debt* RoE and RoCE for FY18 have been projected through annualization


..Through Investments Already in Place

Capital Expenditure(1) Behind Cumulative Addition to Gross Block (2)

1,185

904

1,113 1,075 1,101

1,761


Plant & Equipment

68%

Buildings17%

Land (Freehold + Leasehold)

6%

Intangible4%

Office Equipments

3%

Furniture & fixtures

1%

Vehicles1%

INR5554 Mn*

1) Purchase of Property, plant and equipment including intangible assets, capital work in progress and capital advances2) Change in Gross Block from restated consolidated statement of fixed assets

(FY13-18)(INR Mn)


Standalone…Profit & Loss (Rs in Crs)

S.N. Q1 FY'19 UAQ4 FY'18 A Q1 FY'18 UAFY '18 A

1 Revenue from operations 493.37 411.61 432.33 1,721.40

2 Other income 0.79 1.45 0.95 4.44

3 Total income (1+2) 494.16 413.05 433.28 1,725.84

4 Expenses

(a) Cost of materials consumed 314.63 245.83 247.39 1,071.48

(b) Changes in inventories of finished goods and work-in-

progress 2.56 (0.63) 3.08 (3.31)

(c) Excise duty - - 37.23 37.23

(d) Employee benefits expense 60.15 54.26 48.24 202.02

(e) Finance costs 3.12 10.16 9.01 38.12

(f) Depreciation and amortization expense 15.71 14.66 13.08 55.13

(g) Other expenses 66.85 63.49 53.64 227.51

Total expenses 463.02 387.77 411.66 1,628.16

5 31.14 25.28 21.62 97.68

6 - -

7 Profit before tax (3-4) 31.14 25.28 21.62 97.68

8 Tax expenses

(a) Current tax 6.87 7.58 6.63 29.67

(b) Current tax of earlier years - - - -

(c)

Minimum alternate tax (MAT) credit entitlement /

reversal - - - -

(b) Deferred tax (credit) / charge 2.37 (0.00) 0.21 0.28

Total tax expenses 9.24 7.58 6.84 29.95

9 Net profit after tax (5-6) 21.90 17.70 14.78 67.73

10 Other comprehensive income

(0.25) (0.22) (0.22) (0.88)

- - - -

ii) Income tax relating to the above 0.08 0.08 0.08 0.30

Total other comprehensive income for the period (a (i+ii)) (0.16) (0.14) (0.14) (0.58)

11 Total comprehensive income for the period (7+8) 21.74 17.56 14.64 67.15

12 60.19 60.19 51.15 60.19

13 Reserve excluding Revaluation Reserves 563.39

14

(a) Basic 3.64 0.03 2.89 13.21

(b) Diluted 3.64 0.03 2.89 13.21

PARTICULARS

Profit from operations before tax (3-4)

Exceptional items

a) Items that will not be reclassified to profit and loss

i) Loss on remeasurement of defined benefit obligation

Earnings Per Share (EPS) (Face value of Rs 10/- per share)

Paid up equity share capital ( Face value of Rs 10/- per share)


Standalone…Balance Sheet (Rs in Crs)

Particulars As at

30 June 2018

As at

31 March

2018

Assets

Non-current assets

Property, plant and

equipment

572.27 519.17

Capital work-in-progress 14.29 63.60

Goodwill 5.52 5.52

Other Intangible assets 8.00 8.74

Financial assets - -

- Investments 60.64 49.28

- Loans 8.16 7.67

Income-tax assets 0.99 0.99

Other non-current assets 9.19 13.08

Total non-current assets 679.06 668.06

Current assets

Inventories 135.42 121.96

Financial assets - -

- Loans 3.37 3.14

- Trade receivables 255.74 234.80

- Cash and cash

equivalents

0.32 253.47

- Other bank balances 1.01 1.02

- Other financial assets 9.48 10.29

Other current assets 32.70 28.37

Total current assets 438.04 653.05

Assets held for sale 0.97 0.97

Total assets 1,118.07 1,322.08

Particulars As at

30 June 2018

As at

31 March

2018

Equity and liabilities

Equity

Equity share capital 60.19 60.19

Other equity 585.13 563.39

Total equity 645.32 623.58

Liabilities

Non-current liabilities

Financial liabilities

- Borrowings 0.90 1.00

- Other financial liabilities 0.04 0.04

Government grant - -

Deferred tax liabilities (net) 7.94 5.65

Total non current

liabilities

8.88 6.69

Current liabilities


- Borrowings 127.94 73.99

- Trade payables 257.89 289.47

- Other financial liabilities 29.72 291.48

Other current liabilities 20.45 11.58

Income-tax Liabilities 15.39 13.77

Provisions 12.47 11.52

Total current liabilities 463.86 691.81

Total equity and liabilities 1,118.07 1,322.08


649 (+22) Net Worth ( Rs in Crs)

129 (-200) Borrowings

702 (+68) Gross Block (Rs in Crs)

61(+ 11) Investments

50.0 Cash generated from Operations

33Cash Used in Investing

61/53 Increase in WC / Borrowings

9 Free Cash Flow

Summary …..As on 30th Jun’18


Particulars As at

31 March

2018

As at

31 March

2017

As at

1 April

2016

Assets

Non-current assets

Property, plant and equipment 66,261.81 58,152.83 51,225.19

Capital work-in-progress 7,189.39 2,924.91 5,524.25

Goodwill 553.30 553.30 553.30

Other Intangible assets 942.30 777.76 776.77

Equity accounted investees 1,006.82 613.33 524.23

Financial assets

- Investments 856.44 359.29 270.99

- Loans 929.42 567.76 429.94

Income-tax assets 133.10 105.67 181.56

Other non-current assets 1,307.95 700.96 793.31

Total non-current assets 79,180.54 64,755.79 60,279.53

Current assets

Inventories 20,568.00 16,182.61 15,689.77

- Investments 576.43 108.18 100.88

- Loans 1,144.57 907.15 795.49

- Trade receivables 26,743.15 20,532.80 16,331.18

- Cash and cash equivalents 25,499.02 567.83 360.47

- Other Bank balances 101.69 102.85 123.44

- Other financial assets 1,029.35 1,178.38 214.86

Other current assets 3,502.89 2,209.42 2,162.13

Total current assets 79,165.09 41,789.20 35,778.22

Assets held for sale 97.17 140.20 -

Total assets 1,58,442.80 1,06,685.19 96,057.75

Particulars As at

31 March

2018

As at

31 March

2017

As at

1 April

2016 Liabilities

Equity

Equity share capital 6,019.07 5,115.46 5,115.46

Other equity 57,405.51 25,096.59 22,165.79

Equity attributable to owners of the Company 63,424.58 30,212.05 27,281.24

Non controlling interest 282.64 222.80 184.83

Total equity 63,707.22 30,434.85 27,466.07

Non-current liabilities


- Borrowings 1,282.89 20,916.76 19,441.53

- Other financial liabilities 1,011.86 510.91 575.35

Provisions 86.47 113.10 78.84

Deferred tax liabilities (net) 955.80 856.58 952.29

Total non current liabilities 3,337.02 22,397.35 21,051.01

Current liabilities

- Borrowings 20,799.75 18,208.81 12,330.90

- Trade payables 34,805.82 23,241.31 22,259.08

- Other financial liabilities 31,385.87 9,985.67 11,038.65

Government grant - 3.00 6.00

Other current liabilities 1,874.31 1,262.27 1,003.22

Provisions 2,532.80 1,151.93 902.82

Total current liabilities 91,398.55 53,852.99 47,540.67

Total equity and liabilities 1,58,442.79 1,06,685.19 96,057.75

Detailed Financial Statements: Balance Sheet (1/2)


New Business Status

Annual - Rs. 47 Crs Annual - Rs. 76CrsAnnual - Rs. 59 Crs

Annual - Rs. 11.15 CrsOthers - Rs. 21.59 CrsOHV - Rs. 81 Crs


New Business Status- Product category

• Rs.77 CrsLock Assembly

• Rs. 48 CrsSheet Metal components

• Rs 35 CrsMirror Assembly

• Rs. 38 CrsCabins & Fabrication

• Rs 28 Crs Handle Assemblies

• Rs. 30 CrsAluminium Die Casting

• Rs.9 CrsZinc Die Casting parts

• Rs. 11 Crs Plastic Components

Total New Annual Business awarded: Rs. 276 Crs


Particulars

For the

year ended

31 March

2018

For the

year ended

31 March

2017

Cash Flow from Operating Activities

Profit Before Tax 9,702.12 5,206.83

Adjustments : 11,115.66 9,600.85

Operating Profit before Working Capital Changes 20,817.78 14,807.68

Change in Working Capital -99.07 -4,431.74

(Excluding Cash & Bank Balances)

Cash Generated From Operations 20,718.71 10,375.94

Less : Taxes paid 1,765.15 890.40

Net Cash Flow from Operating Activities (A) 18,953.56 9,485.54

Net Cash Generated/(Used) in Investing Activities (B) -18,734.99 -10,651.78

Net Cash Generated/(Used) from Financing Activities (C ) 24,712.62 1,373.57

Net Change in Cash & cash equivalents 24,931.19 207.34

(A+B+C)

Cash and cash equivalents as at the beginning of year 567.83 360.47

Cash & cash equivalents as at end of the year 25,499.01 567.82

Detailed Financial Statements: Cash Flow Statement (2/2)


Improving Industry Growth Across Segments

Source: Crisil ReportNote: All graphs are for domestic sales

2-Wheelers Segment

14.8 15.9 16.4 17.620.1

21.522.9

FY14 FY15 FY16 FY17 FY18E FY19E FY20E

(Mn Units)

Passenger Vehicles Segment

2.5 2.52.8 3.0

3.33.7

4.2


(Mn Units)

Commercial Vehicles Segment

(‘000 Units)

Construction Equipment Segment

(‘000 Units)

551 533592 616

673727

786


36 37

5361

70

2014 2015 2016 2017P 2018P


Strong Macroeconomic Tailwinds

High Real GDP Growth… …with Declining Inflation

9.4%

5.9%4.9% 4.5% 4.0%

FY14 FY15 FY16 FY17 FY18E

CPI Inflation (YoY)

98 105 114 122 130 177

6.4%7.5% 8.0%

7.1% 7.0%

FY14 FY15 FY16 FY17 FY18P FY22P

GDP (Constant FY12 prices) GDP growth (YoY)

Increase in purchasing power of Indians to drive demand for Automobiles, bolstered by…

Rising Farm Incomes (1) Decreasing Auto Finance Yields

85 8780

87 91

35 35 34 37 38

FY14 FY15 FY16 FY17 FY18E

Kharif production Index Rabi Production Index

15.3 15.3 14.9 14.5 13.9

25.6 25.6 25.1 24.7 24.5

13.3 13.2 12.7 12.2 11.5

FY 14 FY 15 FY 16 FY 17 FY 18E

Passenger Vehicles Commercial Vehicles 2 Wheelers

Source: Crisil Report

(%)

Auto Sector Outlook Anticipated to be Robust

(1) Base of 100 for Index (kharif + rabi) taken for 2008-09. All subsequent year values are relative to this year

(INR Tn)


Subsidiaries

Sandhar Technologies Barcelona, S L

99.88% Aluminium Spindles Reel Axles acting as

Seat Belt Retractors

Spain (2) Mexico (1) Poland (assembly/

packaging)

Sandhar Tooling 79.92%

Tools, Moulds Dies Jigs Fixtures.

Manesar, Gurugram

Sandhar Strategic Systems

99.99% Defense and

Aerospace Sector Yet to commence

Ownership % Manufacturing Facilities

Business Operations


MoUs and Technical Collaborations

9 non-binding MoUs for manufacturing products such assmart key systems, fog lamp and shield lamp parts,shark-fin antennas, carbon canisters, and valves, amongothers

Various Players in South Korea,

China, and Malaysia

Use of JEM’s technology to manufacture/assemble automobile relays

10 year term automatically extendable for 3 more yearsJEM Techno

Use of HL’s technology to manufacture/assemble door mirrors, outside door handles, and key sets

6 year term automatically extendable for 1 more yearHonda Lock

MoUs

Technical Collaborations


[TBU]

Strategy

• To capture new growth opportunities

• To consolidate market around existing portfolio

Technology

• Define long term roadmap

• Strategic positioning in the value chain of product & service

Cost

• Implement lower operating cost base

• Ensure sufficient financing for the upcoming transition


[TBU]

Thank You

Documents

AUGUST 2 0 1 8 - Sandhar TechnologiesINVESTOR PRESENTATION 2 This presentation and the accompanying slides (the “Presentation”),which have been prepared by Sandhar Technologies