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Presentation on Results
Q2 FY 2016-17
10th
November 2016
MSSL Presentation on Results Q2 FY16-17
Motherson Sumi Systems Ltd. reports
September 16 results
2
Highlights Q2 FY16-17 Highlights H1 FY16-17
MSSL posted revenue in excess of INR 10,000 crores for
3rd consecutive quarter
Revenues up by 15%, Sales outside India up by 14%,
Domestic sales up by 20%
PAT up by 25% on account of overall performance
improvement by all business divisions
EBITDA up by 15% backed by strong continued
improvement
Strong performance on Standalone basis with 18%
growth in revenues & EBITDA.
Reduction in Net debt to almost 50% of debt levels as
was on 31st March 2016, providing additional headroom
to prepare for growth
Revenues up by 16%, Sales outside India grew by
15%, Domestic sales grew by 20%
PAT up by 19%
EBITDA up by 17%
New orders worth Rs. 12,000 crores* (Euro 1.6
billion) approx. won during the H1FY17 at SMRP BV
Total order book of over Rs.89,000 crores
(Euro 11.9 billion) approx. at SMRP BV
Execution of orders worth over Rs.23,000 crores
(Euro 3.09 billion) approx. started during H1FY17.
*Lifetime value
Net Debt reduces to 50% of March 16 level,
Q2 Revenue Rs. 10,018 crores up by 15%,
Q2 net profit Rs. 361 crores up by 25%.
MSSL Presentation on Results Q2 FY16-17 3
• Results Q2 vs Q2.
• Results H1 vs H1
• Debt status
MSSL Presentation on Results Q2 FY16-17
MSSL Consolidated : Q2 FY15-16 vs Q2 FY 16-17
878
1,007 15%
400
600
800
1,000
1,200
Q2 FY 2015-16 Q2 FY 2016-17
EBITDA
Sales EBITDA PBT & PAT
4
1,244 1,493
7,471 8,525
8,715
10,018
15%
-
2,000
4,000
6,000
8,000
10,000
12,000
Q2 FY 2015-16 Q2 FY 2016-17
Within India Outside India
14%
Sales
(outside
India)
20%
Sales
(within
India)
(R
s. in
C
ro
re
s)
(R
s. in
C
ro
re
s)
(R
s. in
C
ro
re
s)
522
288
649
361
24% 25%
-
200
400
600
800
PBT PAT-Concern Share
Q2 FY 2015-16 Q2 FY 2016-17
MSSL Presentation on Results Q2 FY16-17
1,118 1,348
202
208 1,320
1,556
18%
-
300
600
900
1,200
1,500
1,800
Q2 FY 2015-16 Q2 FY 2016-17
Domestic Exports
MSSL Standalone : Q2 FY15-16 vs Q2 FY 16-17 (R
s. in
C
ro
re
s)
5
276
327
18%
-
100
200
300
Q2 FY 2015-16 Q2 FY 2016-17
EBITDA
3%
Sales
(outside
India)
21%
Sales
(within
India)
Sales EBITDA PBT & PAT
(R
s. in
C
ro
re
s)
(R
s. in
C
ro
re
s)
277
199
287
198
-
50
100
150
200
250
300
350
PBT PAT
Q2 FY 2015-16 Q2 FY 2016-17
MSSL Presentation on Results Q2 FY16-17
€ 68
€ 80
18%
€ -
€ 10
€ 20
€ 30
€ 40
€ 50
€ 60
€ 70
€ 80
€ 90
€ 100
Q2 FY 2015-16 Q2 FY 2016-17
EBITDA
SMRPBV : Q2 FY15-16 vs Q2 FY 16-17
(In Euro Terms**)
€ 16 € 18
€ 918 € 1,037
€934
€1,055
13%
€ 0
€ 200
€ 400
€ 600
€ 800
€ 1,000
€ 1,200
Q2 FY 2015-16 Q2 FY 2016-17
Outside India Within India
6
** Please refer to Note on last slide.
Sales EBITDA PBT & PAT
(In
M
illio
n E
uro
)
(In
M
illio
n E
uro
)
(In
M
illio
n E
uro
)
(In
M
illio
n E
uro
)
€ 31
€ 10
€ 41
€ 14
32% 40%
€ 0
€ 5
€ 10
€ 15
€ 20
€ 25
€ 30
€ 35
€ 40
€ 45
PBT PAT-Concern Share
Q2 FY 2015-16 Q2 FY 2016-17
MSSL Presentation on Results Q2 FY16-17
SMR : Q2 FY15-16 vs Q2 FY 16-17
(In Euro Terms**)
Sales EBITDA
7
€ 30
€ 36
20%
€ -
€ 10
€ 20
€ 30
€ 40
Q2 FY 2015-16 Q2 FY 2016-17
EBITDA
€16 €18
€306 €357
€322
€375 16%
€ -
€ 50
€ 100
€ 150
€ 200
€ 250
€ 300
€ 350
€ 400
Q2 FY 2015-16 Q2 FY 2016-17
Within India Outside India(in
M
illio
n E
uro
)
** Please refer to Note on last slide.
(in
M
illio
n E
uro
)
MSSL Presentation on Results Q2 FY16-17
€38 €44
€4
€5 €42
€49
Q2 FY 2015-16 Q2 FY 2016-17
Reported EBITDA** Startup Cost
Adjusted EBITDA
€612 €681
11%
€ -
€ 100
€ 200
€ 300
€ 400
€ 500
€ 600
€ 700
€ 800
Q2 FY 2015-16 Q2 FY 2016-17
SMP : Q2 FY15-16 vs Q2 FY 16-17
(In Euro Terms**)
Sales EBITDA
8
** Please refer to Note on last slide. {** After Start up cost for greenfield/ brownfield plants, charged to P&:L}
17%
(in
M
illio
n E
uro
)
(in
M
illio
n E
uro
)
MSSL Presentation on Results Q2 FY16-17 9
• Results Q2 vs Q2
• Results H1 vs H1.
• Debt status
MSSL Presentation on Results Q2 FY16-17
MSSL Consolidated : H1 FY15-16 vs H1 FY 16-17
1,650
1,935
17%
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
2,400
H1 FY 2015-16 H1 FY 2016-17
EBITDA
Sales EBITDA PBT & PAT
10
2,328 2,784
15,302 17,586
17,630
20,370
16%
-
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
22,000
H1 FY 2015-16 H1 FY 2016-17
Within India Outside India
15%
Sales
(outside
India)
20%
Sales
(within
India)
(R
s. in
C
ro
re
s)
(R
s. in
C
ro
re
s)
(R
s. in
C
ro
re
s)
1,015
556
1,245
664
23% 19%
-
200
400
600
800
1,000
1,200
1,400
PBT PAT-Concern Share
H1 FY 2015-16 H1 FY 2016-17
MSSL Presentation on Results Q2 FY16-17
2,103 2,519
398
433 2,501
2,952 18%
-
300
600
900
1,200
1,500
1,800
2,100
2,400
2,700
3,000
3,300
H1 FY 2015-16 H1 FY 2016-17
Domestic Exports
MSSL Standalone : H1 FY15-16 vs H1 FY 16-17 (R
s. in
C
ro
re
s)
11
498
587 18%
-
100
200
300
400
500
600
H1 FY 2015-16 H1 FY 2016-17
EBITDA
9%
Sales
(outside
India)
20%
Sales
(within
India)
Sales EBITDA PBT & PAT
(R
s. in
C
ro
re
s)
497
359
496
342
-
50
100
150
200
250
300
350
400
450
500
550
600
PBT PAT
H1 FY 2015-16 H1 FY 2016-17
(R
s. in
C
ro
re
s)
MSSL Presentation on Results Q2 FY16-17
€ 135
€ 159
18%
€ - € 10 € 20 € 30 € 40 € 50 € 60 € 70 € 80 € 90
€ 100 € 110 € 120 € 130 € 140 € 150 € 160 € 170 € 180
H1 FY 2015-16 H1 FY 2016-17
EBITDA
SMRPBV : H1 FY15-16 vs H1 FY 16-17
(In Euro Terms**)
€ 27 € 34
€ 1,910
€ 2,130
€1,937
€2,164 12%
€ 0
€ 200
€ 400
€ 600
€ 800
€ 1,000
€ 1,200
€ 1,400
€ 1,600
€ 1,800
€ 2,000
€ 2,200
€ 2,400
H1 FY 2015-16 H1 FY 2016-17
Outside India Within India
12
** Please refer to Note on last slide.
Sales EBITDA PBT & PAT
(In
M
illio
n E
uro
)
(In
M
illio
n E
uro
)
(In
M
illio
n E
uro
)
€ 67
€ 22
€ 88
€ 30
31% 36%
€ 0
€ 20
€ 40
€ 60
€ 80
€ 100
PBT PAT-Concern Share
H1 FY 2015-16 H1 FY 2016-17
MSSL Presentation on Results Q2 FY16-17
SMR : H1 FY15-16 vs H1 FY 16-17
(In Euro Terms**)
Sales EBITDA
13
€ 60
€ 70
17%
€ -
€ 10
€ 20
€ 30
€ 40
€ 50
€ 60
€ 70
€ 80
H1 FY 2015-16 H1 FY 2016-17
EBITDA
€27 €33
€646 €715
€673 €748
11%
€ -
€ 50
€ 100
€ 150
€ 200
€ 250
€ 300
€ 350
€ 400
€ 450
€ 500
€ 550
€ 600
€ 650
€ 700
€ 750
€ 800
€ 850
€ 900
H1 FY 2015-16 H1 FY 2016-17
Within India Outside India(in
M
illio
n E
uro
)
** Please refer to Note on last slide.
(in
M
illio
n E
uro
)
MSSL Presentation on Results Q2 FY16-17
€75
€90
€7
€10 €82
€100
H1 FY 2015-16 H1 FY 2016-17
Reported EBITDA** Startup Cost
Adjusted EBITDA
€1,264 €1,417
12%
€ -
€ 100
€ 200
€ 300
€ 400
€ 500
€ 600
€ 700
€ 800
€ 900
€ 1,000
€ 1,100
€ 1,200
€ 1,300
€ 1,400
€ 1,500
€ 1,600
H1 FY 2015-16 H1 FY 2016-17
SMP : H1 FY15-16 vs H1 FY 16-17
(In Euro Terms**)
Sales EBITDA
14
** Please refer to Note on last slide. {** After Start up cost for greenfield/ brownfield plants, charged to P&:L}
22%
(in
M
illio
n E
uro
)
(in
M
illio
n E
uro
)
MSSL Presentation on Results Q2 FY16-17 15
• Results Q2 vs Q2
• Results H1 vs H1
• Debt status.
MSSL Presentation on Results Q2 FY16-17
Net Debt
16
(R
s. in
c
ro
re
s)
Exchange rate used 31.03.2016 30.06.2016 30.09.2016
Rs./Euro 75.38 74.97 74.86
Rs./USD 66.25 67.52 66.61
(Rs. in crores) 31.03.2016 30.06.2016 30.09.2016
Standalone Consolidated Standalone Consolidated Standalone Consolidated
Gross Debt 485 6,069 462 7,624 311 8,115
Cash & Bank 14 1,768 141 2,992 2,610 5,940
Net Debt 471 4,301 321 4,632 (2,299) 2,175
471 321
-2,299
4,301 4,632
2,175
31.03.2016 30.06.2016 30.09.2016
Standalone Consolidated
SMRP BV raised
5.5 years Bonds of
USD 300 millions
@4.875% p.a. in
June 2016
& additional tap issue
of US$ 100 million in
August 2016
MSSL Presentation on Results Q2 FY16-17
Reference Rates
Q2 FY16-17
Average Q2
2015-16
Q2
2016-17
%
Change
LME Copper
(USD / Ton ) 6,054 4,730 -22%
Currency
(equal to Rs.)
Q2
2015-16
Q2
2016-17
%
Change
INR to Euro 72.27 74.72 3.4%
INR to YEN 0.53 0.65 22.7%
11
Copper Rates.
Q2 FY16-17
Exchange Rates.
H1 FY16-17
Average H1
2015-16
H1
2016-17
%
Change
LME Copper
(USD / Ton ) 6,054 4,730 -22%
Currency
(equal to Rs.)
H1
2015-16
H1
2016-17 %
Change
INR to Euro 71.25 75.12 5.4%
INR to YEN 0.53 0.64 20.8%
H1 FY16-17
MSSL Presentation on Results Q2 FY16-17
Safe harbour & Note.
Thank you.
18
Safe harbour
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.
Note :
**SMRPBV, parent company for SMR & SMP prepares financial statements in Euro currency, hence comparative data is given in Euro terms. These
results are consolidated in MSSL by using average year to-date exchange rates.
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