0 1 1 Fina nce Presenta tion 0 3-Ma rch-20 20 Mum ba i Inv estor Meet
Forward Looking Statem ent 1 In this docum ent, w e have disclosed forw ard-looking inform ation to enable investors to com prehend our prospects and take investm ent decisions. This docum ent and other statem ents–w ritten and oral–that w e periodically m ake, contain forw ard-looking statem ents that set out anticipated results based on the m anagem ent’s plans and assum ptions. We cannot guarantee that these forw ard-looking statem ents w ill be realised, although w e believe w e have been prudent in our assum ptions. The achievem ents of results are subject to risks, uncertainties and even inaccurate assum ptions. In this docum ent, w e have assessed our perform ance versus our nearest com petitor using publicly available inform ation and our internal assessm ent of m arket perform ance triangulating inform ation from different sources. Readers should keep this in m ind. Should know n or unknow n risks or uncertainties m aterialise, or should underlying assum ptions prove inaccurate, actual results could vary m aterially from those anticipated, estim ated or projected. We undertake no obligation to publicly update any forw ard-looking statem ent or com parative assessm ents, w hether as a result of any new inform ation, future events or otherw ise. We accept no responsibility for any loss and/ or dam ages, risks and/ or liabilities, w hich m ay be incurred and/ or suffered by any investor on account of or arising from the use of the inform ation by investors. We m ake no w arranties of any kind, w hether express or im plied, as to the adequacy of such inform ation for any intended purpose of the investors. 1
1.5 X growth in Net Turnover 1 Net turnover 16% CAGR (INR MN) 125,000 105,883 100,000 91,862 75,835 75,000 68,477 50,000 2015-16 2016-17 2017-18 2018-19 Euro (MN) 845 936 1,134 1,307 US$ (MN) 978 1,083 1,312 1,513 @ constant Fx # standalone Financial Statement 2
With a corresponding 1.4X rise in EBITDA 1 EBITDA 11% CAGR (INR MN) 16,000 14,113 14,000 12,408 12,000 10,825 10,261 10,000 8,000 2015-16 2016-17 2017-18 2018-19 Euro (MN) 127 134 153 174 US$ (MN) 147 155 177 202 @ constant Fx 2019-20 2018-19 (9 Months) EBITDA% 13.3% 14.0% # standalone Financial Statement 3
PBT has grown year on year 1 PBT * 8 % CAGR (INR MN) 12,000 11,302 10,479 9,757 10,000 9,081 8,000 6,000 2015-16 2016-17 2017-18 2018-19 Euro (MN) 112 120 129 140 US$ (MN) 130 139 150 161 @ constant Fx * PBT is before exceptional items #s from standalone Financial Statement 4
Overall, PAT has an increasing trend 1 Adjusted Profit after tax* 8 % CAGR (INR MN) 8,000 7,671 6,955 6,936 7,000 6,244 6,000 5,000 2015-16 2016-17 2017-18 2018-19 Euro (MN) 77 86 86 95 US$ (MN) 89 99 99 110 @ constant Fx * Adjusted for exceptional items #s from standalone Financial Statement 5
State of art Capex ensures Exide’s future readiness 1 Capital Expenditure (INR MN) 9,000 7,534 6,910 6,000 4,435 4,305 3,000 2015-16 2016-17 2017-18 2018-19 Euro (MN) 53 55 93 85 US$ (MN) 61 63 108 99 @ constant Fx Quality Capacity Charging Technology improvement/ Statutory Tools Year Enhancement capacity Upgradation cost savings requirements Moulds Others Total 2015-2016 1,386 551 706 499 86 215 861 4,305 2016-2017 1,428 568 727 514 89 222 887 4,435 2017-2018 1,751 1,649 889 448 367 468 1,962 7,534 2018-2019 3,274 1,334 997 248 104 278 675 6,910 #s from standalone Financial Statement 6
We generate sufficient cash for re-investm ent 1 —Exide is a debt-free com pany Cash flow from operations (INR MN) 12,000 10,037 9,000 6,000 5,166 4,310 3,000 0 2016-17 2017-18 2018-19 Euro (MN) 53 64 124 US$ (MN) 62 74 143 @ constant Fx Reason for sharp increase in 20 18 -19: Decrease in Net working capital and improvement in “own generation” #s from standalone Financial Statement 7
‘Best in Class’ Return on capital em ployed* 1 ROCE (%) 40% 32.1% 29.5% 28.8% 30% 26.4% 20% 10% 2015-16 2016-17 2017-18 2018-19 * Battery business ROCE #s from standalone Financial Statement 8
EPS has grown in line with profitability 1 Adjusted EPS* 7% CAGR (in INR) 15 9.02 10 8.16 8.18 7.35 5 0 FY16 FY17 FY18 FY19 * Adjusted for exceptional items #s from standalone Financial Statement 9
Maintained high Dividend payout over the years … declared 1 record dividend in FY20 Dividend Average Dividend payout of 35% in last four years (in INR MN) 5,000 4,180 4,000 3,000 2,460 2,460 2,430 2,430 2,000 FY16 FY17 FY18 FY19 FY20 (declared) Euro (MN) 30 30 30 30 52 US$ (MN) 35 35 35 35 60 @ constant Fx Flat dividend in the last four years due to high outflows on Capex requirements #s from standalone Financial Statement 10
FY’20 Revenue down due to external factors; however costs well 1 under control Net Revenue EBITDA m argin 9M 20 19-20 9M 20 19-20 INR 78 ,0 16 MN 14.0 % INR 79,8 97 MN 13.0 % 9M 20 18 -19 9M 20 18 -19 PBT m argin* PAT m argin* 9M 20 19-20 9M 20 19-20 11.1% 8 .7% 10 .3% 7.0 % 9M 20 18 -19 9M 20 18 -19 * Before exceptional items #s from standalone Financial Statement 11
Taxation: 1 Schem es by Govt. and 20 19 am endm ent to Tax Ordinance Opted for lower tax regim e of 25.17% Sabka Vishwas, Vivaad Se Vishwas Settlem ent of Dispute Schem es by State Governm ents 12
Measures we took to im prove profits this year 1 Increased em ployee productivity Deployed m ore Solar in power mix Tightened costs: Rationalised num ber of warehouses Ensured FMEA led Warranty reduction Used Telepresence for routine meetings Waste reduction Standardised best practices at factories to reduce scrap and improve yield initiatives across the SAP driven locks to lim it Overheads within budget Superm art for spares value chain Consolidated shipm ents of Auto & Industrial Concur for spend m anagem ent Ensured product m ix goals with weekly actionable MIS Transport module to optimize SAP-process utilization of fleet im provem ent with Improved inventory control with Scan solutions better analytics Richer section level analytics Used Ariba for Sourcing efficiency Improving machine utilisation on bottlenecked lines Capacity extraction Within the same ‘ampere hour’ product group, producing higher m argin SKUs and restricting production of low running SKUs Industry 4.0 Pilot factory Im plem entation of Launched Exide NEO erickshaw innovation projects Quality Circles led process innovations 13
We aim to m axim ize Investor returns through key levers 1 Cost Im proved Revenue growth com petitiveness profitability Consistent dividends Maintaining edge on raw m aterials • Addressing costs : • – Employee – Warranty – Power and Fuel 14
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