Lumax Industries Limited Investor Presentation - February 2019
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Lumax Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory 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 may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully 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 exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections. 2
DK Jain Group Leader in Automotive Lighting & Seven Decade Strong Gear Shifters 13 Entities in 8 States 28 Manufacturing Facilities 3 R&D Centres (India) Over 9,000 Employees & 1 Design Centre (Taiwan) 3
Two Listed Entities Lumax Industries Limited Group Revenue Break Up (%) FY18 Revenue of Rs. 2,950 Cr Products & Services End-to-end Automotive Lighting Solutions Partnerships 6% • Stanley – Japan • SL Corporation - Korea 56% Lumax Auto Technologies Limited Products & Services Intake Systems, Integrated Plastic modules, 2-wheeler Chassis & Lighting, Gear Shifters, Seat Structures & Mechanisms, LED 38% Lighting, Aerospace & Defence Engineering Services, Aftermarket, Electrical & Electronics components, Telematics Products and Services, Oxygen Sensors Partnerships Lumax Industries Limited Lumax Auto Technologies Limited • Cornaglia SPA - Italy • Alpine – Japan Other Entities • Mannoh Industrial Co. Limited – Japan • Ituran – Israel • Gill Industries Inc. – USA • FAE - Spain • Austem Co. Limited – Korea 4
Purpose, Vision & Values GROUP PURPOSE We deliver pride and progress with positivity VISION Building an admired high performance global organisation in whom all stakeholders have absolute trust VALUES Respect | Integrity | Passion | Excellence 5
Diversified Product Range – 4-wheelers & CV ▪ Destination Boards & Urea Tanks for Commercial Vehicle ▪ Telematics Products & Services Aftermarket products 6
Diversified Product Range – 2-wheelers Aftermarket products 7
Fostering Partnerships to Deliver Excellence Japan Italy Japan Korea JV for Lighting and other JV for Gear Shifters JV for Lighting JV for Emission Systems automotive parts Relationship Since 2008 Relationship Since 1984 Relationship Since 1997 Relationship Since 2007 50% in Lumax Cornaglia Auto 45% in Lumax Mannoh 37.5% in Lumax Industries 78.72% in SL Lumax Limited Allied Technologies Limited Limited Technologies Pvt Limited USA Spain Israel Japan Korea JV for Seat Frames, Exclusive Distributorship JV for Oxygen Sensors JV for Telematics Structures and Agreement Products and Services Mechanism 2017 Relationship Since 2013 2017 Relationship Since 2014 49% in Lumax FAE 50% in Lumax Gill-Austem 50% in Lumax Ituran Technologies Pvt Limited Auto Technologies Pvt Limited Telematics Pvt Limited 8
28 Locations close to Customers State Mfg Locations # Haryana Bawal 1 Dharuhera 1 Gurugram 2 Manesar 3 Maharashtra Pune 8 Waluj 3 Karnataka Bengaluru 2 Gujarat Sanand 1 Facilities Location Mehsana 1 Gurugram, Manesar, R&D Centre Tamil Nadu Sriperumbudur 1 Pune Design Centre Taiwan Uttarakhand Haridwar 1 Corporate HQ Gurugram Pantnagar 3 After Market Himachal Gurugram Kale Amb 1 Division Pradesh Total 28 28 Plants in 7 States Lumax Industries Limited & Lumax Auto Technologies Limited, along with its subsidiaries, JVs & Associates Map not to scale. All data, information and maps are provided “as is” without warranty or any 9 representation of accuracy, timeliness or completeness
Enhanced 360 ° Customer View Understand the Customer ▪ A real understanding of varying customer needs & the capability to deliver outstanding results Experienced Team Environmental Conscious ▪ ▪ Environment-conscious work Highly Qualified & Experienced workforce of dedicated professionals practices Technology Leadership Research & Development ▪ Partnerships with global players provides competitive edge ▪ Government approved 3 R&D ▪ facilities & 1 Overseas Design Avant-grade technology at par with the Centre in Taiwan best players worldwide Global Footprints Faster Turnaround ▪ Global footprint through ▪ Lightning-fast turnaround time & exports impressive speed to market 10
Relationships with Diversified Customers Two Wheeler Commercial Vehicle Four Wheeler Tier 1 11
Relationships with Diversified Customers Tractor/FES Export Defence & Aero Space … Strong After Market Exports Presence 12
Lumax Industries Limited Driving Leadership in Automotive Lighting
Milestone 1985: Setup a manufacturing unit in 1981: Lumax Industries Gurugram, Haryana. Pvt Limited established The company went 1945: Founded a after taking over public & is listed on partnership firm partnership firm Globe 1997-98 the stock exchange ‘Globe Auto Industries’ Auto Industries as a Trading concern 1984: TA signed with 1956-57: Set-up Stanley, Japan for dedicated unit for Lighting Equipment 1994 Automotive Lighting 1997: Joint Venture Equipment in Delhi agreement with SL Lumax Limited. 1977-79: Setup Further Equity manufacturing units in 1985 participation by Faridabad, Haryana 1994: Equity Stanley, Japan and Pune, participation of Maharashtra Stanley, Japan in 1998: Set-up Lumax Industries manufacturing unit at Limited 1981-84 Dharuhera, Haryana Manufacturing unit setup in Aurangabad, Maharashtra 1945-80 14
Milestone …2005 -2019 a period of strategic expansion 2010: Setup a manufacturing plant in Haridwar, Uttarakhand 2007: Further Equity 2011: Setup participation by Stanley, manufacturing plants in Japan Bawal, Haryana; Sanand, 2008: Setup 2017-19 Gujarat & Bidadi, manufacturing plant in Karnataka. Also setup a Pantnagar, Uttarakhand R&D centre at Pune & expansion of Dharuhera and Chakan 2014-16 2017: Further plants. Also setup a R&D expansion at Sanand, centre at Gurugram Gujarat facility 2003: Demerger Lumax Industries 2018: The Bawal plant 2010-13 2014: The Company received the TPM 2005: Setup completed 25 years of award from JIPM manufacturing unit in listing on BSE Chakan, Maharashtra 2019: Bangalore plant 2015: The Pantnagar has been awarded 2006-09 plant received the TPM TPM excellence award award from JIPM 2016: Opening of Design Centre in Taiwan 2002-05 15
Competitive Advantages Market Leaders Leadership in Lighting Partnerships Product Portfolio With more than 3 decades of partnership One of the few players with largest with Stanley, Japan, the only global auto range of lighting solutions lighting company to manufacture LED worldwide, having presence in Japan, America, China, Asia Pacific and Europe In-House Design Technology Expertise 2 R&D centers & 1 Overseas State-of-the-art facilities allows Design centre to stay ahead of us to benchmark our products the curve in design trends Proximity to Customers Financial Stability 10 manufacturing facilities Consistent financial strategically located at key performance with improving automotive hubs in the country Experience return ratios Over 7 decades of OEM relationships 16
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