RICO AUTO INDUSTRIES LIMITED Investor Presentation A world class integrated supplier of Automotive Components & Assemblies November 2018
Content Company Overview 03 Board of Directors & Management 08 Organisational Structure 10 Group Revenue & New Business Won 11 Product Portfolio & Joint Ventures 15 After Market Business Highlights 23 Manufacturing and R&D Capabilities 26 Awards, CSR Activities & HR Initiatives 32 Financials 36 Stock Information 45 Make In India With Pride www.ricoauto.in 2
Key Facts Incorporated in Global Supplier of Presence in 14 1983 Automotive 4 Continents Manufacturing Components Plants Strong in-house Turnover (FY18) All Automotive Over 4,500 R&D Capabilities INR 1,230Cr Certifications Employees Rico Jinfei Wheels Ltd. Magna Rico Powertrain Pvt. Ltd. Joint (Oil & Water Pump Systems) (Alloy Wheels) Ventures www.ricoauto.in 3
Key Business Strategies Preferred partner to Strategically 4 decades of Execution De-risked Business OEMs located plants Experience Model Client engagement Proximity of its plants Excellence in Extensive product from concept to to the OEMs. engineering critical portfolio: completion stage products. o Passenger vehicles, Just in time approach Strong in-house R&D Strong focus on o Commercial / Off Last Mile Connectivity capabilities. product & process Road Vehicles for overseas customers innovation. o 2 Wheelers Long-established relationship with o System Suppliers OEMs. Balanced business: Segments / Geography www.ricoauto.in 4
Core Values ENTREPRENEURSHIP E The power of persuing new challenges with speed, flexibility and ownership TEAMWORK T The power of working together Vision INTEGRITY Core Values I The power of honesty and To be the preferred transparency supplier to OEM’s across the globe. COMMITMENT C The power of responsibility, accountability and ownership EX EXCELLENCE The power of being the best www.ricoauto.in 5
The Journey So Far TS 16949 ISO 14001 OHSAS 18001 GM QSB 1985-86 1994-96 2000-02 2004-06 2010-14 Technical Collaboration JV (50:50) FCC RICO Full Service Engineering R&D Center Started Added new facilities - FCC Japan (Clutch Assembly) Design Development Plants At Bhiwadi, Added Customers – Sanand, & Haridwar Commercial Production Started Exports – GM, Added Customers – NISSAN, TATA, Perkins Started (1986) Eaton, Cummins FORD, Land Rover, Added Customers – Jaguar Musashi, GKN, Toyota, Aluminum Die Casting VW, Kohler, Avtec & Machining (Dharuhera) Focus – Hero Honda & Maruti Suzuki JV with MAGNA Powertrain (Oil Pump, Water Pump) Enhanced Ferrous and Added new facilities- International Market Aluminum Capacity JV with Jinfei China Plants At Bawal, OEM Supplier – MEC (Aluminum Alloy Wheels – Pathredi & Chennai Japan Added Customers – 2 Wheelers) GM, Caterpillar, Added Customers – Ferrous Casting & Aluminium Die Honeywell, Detroit Added Customers – JATCO, Bentley, PSA, Daimler, Machining (Gurgaon) Casting & Machining Diesel, Volvo, Honda Magna, Renault, BMW Kia, PunchPowertrain Focus – Maruti Suzuki (Gurgaon) 1990-92 1999-00 2003-04 2007-09 2015-18 ISO 9000 QS 9000 IATF 16949 VDA 6.3 FORD Q1 CAT SQEP-Silver CAT SQEP-Bronze www.ricoauto.in 6
Manufacturing Locations - 14 15 Acres 5 Acres 27 Acres 12 Acres MANESAR BHIWADI / PATHREDI GURGAON (Al. GDC, Machining) BAWAL (Machining) (Corporate, R&D, Tool (Al. HPDC, Machining) Manufacturing, Ferrous Casting, Al. HPDC, Machining) 2 Acres 5 Acres HARIDWAR DHARUHERA (Al. HPDC, Machining) (Al. HPDC, Machining) 5.5 Acres 12 Acres CHENNAI SANAND (Al. HPDC, Machining) (Al. HPDC, Machining) www.ricoauto.in 7
Board of Directors Arvind Kapu apur Chairman, CEO & Managing Director Kanwal Monga Ka ga Amarjit C Chopra Dr. r. Ashok S Set eth Sat atish Sekhri Raj ajeev K Kapoo oor Independent Director Independent Director Independent Director Independent Director Independent Director Vinod K Kumar mar N Nagar ar Rakes esh K Kapur Upas Up asana Ka Kapur Arun Ka Kapur Independent Director Non-executive director Non-executive director Joint Managing Director www.ricoauto.in 8
Organization - Management Team Suren endra S Singh gh Rak akesh S Shar arma R. K K. Miglan lani R. D Dharna M. K . K. . Jain President & COO Chief Financial Officer Vice President Vice President Chief Technical Officer Finance (Operations & Engineering) Operations Sandeep R Rajpal Rajiv K Kumar mar S. Ka Kaul Abhishek Kulshrestha Subodh M Mal Vice President Associate Vice President Vice President (Procurement, Associate Vice President Vice President Marketing ( R & D / Engineering ) Operations Vendor Devp. & After Market.) (Foundry & Tool Room) Com ompan any S Secretar ary Advisory C Committe ttee B. M . M. . Jhamb N. K. K. Sethi O. P. A Aggar arwal al Sanjay S y Shar arma Neela lam D Dhak aka Company Secretary Management Advisor Financial Advisor Chief General Manager General Manager (Corporate Quality Head) (Corporate Human Resources) www.ricoauto.in 9
Organizational Structure Rico Auto Industries Limited Rico Auto Industries Rico Auto Industries Rico Investments AAN Engineering Magna Rico (UK) Ltd. Inc., USA Ltd. Industries Ltd. Powertrain Pvt. Ltd. 100% Subsidiary 100% Subsidiary 96.88% Subsidiary 100% Subsidiary 50% Joint Venture Rico Aluminium and Rasa Autocom Ltd. Rico Jinfei Wheels Ferrous Auto Ltd. Components Ltd. 100% Subsidiary 100% Subsidiary 93.49% Subsidiary www.ricoauto.in 10
Group Revenue – Product Segment Wise FY2020 (Expected) FY 2017-18 (Actual) Electric 1% Chasis 19% Engine Chassis 35% Engine 24% 36% Transmissi Transmission on 45% 40% Exports Ferrous 27% 29% Domestic Aluminum 73% 71% www.ricoauto.in 11
New Customer Addition Program Value Program Value Program Value Program Value Program Value 441 Cr 425 Cr 180 Cr 108 Cr 37 Cr www.ricoauto.in 12
EV Penetration Program Value Program Value Program Value INR 950 Cr INR 115 Cr INR 40 Cr www.ricoauto.in 13
High Tonnage Focus (> 1250 Tones) Program Value: INR 1200 Cr www.ricoauto.in 14
Product Portfolio www.ricoauto.in 15
Product Divisions ALUMINUM CASTING FERROUS CASTING MACHINING AND ASSEMBLY DIES AND MOULDS DEFENCE EQUIPMENTS ENGINEERING & R&D www.ricoauto.in 16
Engine Business Balancer Shaft Assy. Cover Cylinder Head Turbine/ Center Hsg Exhaust Manifold (Renault, (GM) (Suzuki, GM) (Nissan, Tata, GM, Suzuki, Fiat, Honda, Nissan, Suzuki) Ford, Hyundai) Case Chain/ Case Timing (Honda, Engine Block (Renault, Renault, Suzuki) Tata, Kia ) Engine & Support Brackets Oil Pan (Suzuki, Renault, VW, Volvo, (Suzuki, Honda, GM, Tata, PSA, Kohler) Toyota ) Cam Cap Support / Ladder Frame Bearing Cap Turbo Outlet EGR Pipe (Renault, Suzuki) (Renault, Nissan, Cummins) (Renault) (Renault) www.ricoauto.in 17
Transmission Business Shifter Forks Clutch / Mechanical Transmission Case (Suzuki) Housing (Eaton, Renault, Suzuki, Tata ) (Renault, PSA ) Front Diff Housing Ground Sleeve & Shaft (Tata, Renault) (Allison ) Retainer Bearing Support Differential Case & Housing (Jatco, PunchPowertrain) (BMW, GKN, Suzuki, Ford, Honda) www.ricoauto.in 18
2 Wheeler Business Front & Rear Hubs Front & Rear Brake Panel Assy Crank Cases Grips Clutch Assembly Engine Cover Alloy Wheels www.ricoauto.in 19
Magna – Rico Powertrain Ltd Joint Venture 50% : 50% Year FY 15-16 FY 16-17 FY 17-18 Oil & Water Pump Assy Water Pump 1.21 1.46 1.55 ( Nos in Mn) Oil Pump (Automotive Engines) (India & Europe) Turnover (INR Cr) 68 87 94 Clie lient: www.ricoauto.in 20
Rico – Jinfei Wheels Ltd. Joint Venture 93.49% : 6.51% Year FY 15-16 FY 16-17 FY 17-18 Alloy Wheels 0.85 0.96 1.12 Aluminum Alloy Wheels (Two Wheelers) ( nos. in Mn ) 79 84 114 Turnover ( INR Cr ) Capacity Expansion Plan Clie ient : t : 3 Mn : Dec 18 4 Mn : July 19 www.ricoauto.in 21
AAN – Defense Vertical AAN Engineer ering I Ind ndustries L es Ltd. Year FY 15-16 FY 16-17 FY 17-18 Turnover (INR CR) 0.3 3.7 4.1 Arms L Licen ence f e for the M e Manufacturing of Ammuni unition n Aerial Ammunition 50 Cr spread in 3 years by Aug 18 • Mechanical F Fuses es – under b bidding D Dec ec 1 19 Clie ient : t : • – 2500 Cr program value spread over for 10 years ECIL OF Khamaria Prototype Tool Electronic F Fuse A Assem emblies es – under b bidding D Dec ec 2 2019 – • Factory 3500 Cr program value spread over for 10 years Track-links • OF Muradnagar www.ricoauto.in 22
After Market Business Highlights www.ricoauto.in 23
After Market Performance & Way Forward Initiated on Product Range 20 th May’2017 2W and 4W 52 Dealers Parts launched (20+ States in India, 191+ (2W Range) Srilanka & Nepal) Total Revenue (in Cr.) 120.00 100 100.00 80.00 60.00 25 40.00 10 20.00 0.14 Launch Of 4W Parts in Q2FY19 0.00 2017 2018 2019 2020 (Launched) (Expected) (Expected) www.ricoauto.in 24
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