August 2017 Photo by Rajarishi Mitra. 1
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Photo by Ron W
A growing portfolio that is diverse and scalable.
CANADA NETHERLANDS GERMANY ESTONIA POLAND CZECH REPUBLIC HUNGARY FINLAND LITHUANIA RUSSIA SLOVAKIA UK IRELAND USA MEXICO JERSEY FRANCE PORTUGAL SPAIN LUXEMBOURG ITALY INDIA SERBIA SOUTH KOREA JAPAN CHINA HONGKONG BRAZIL MACEDONIA CYPRUS THAILAND SINGAPORE SRI LANKA SOUTH AFRICA MAURITIUS UAE AUSTRALIA 6
Photo by Glenn Strong 7
% of MSSL sales*. Established in 1986, MSSL is a joint venture between Samvardhana Motherson Group (SMG) and Sumitomo Wiring Systems (Japan). One of the largest manufacturers of wiring harnesses for passenger cars in India and for commercial vehicles globally Also, one of the largest manufacturer of rear-view mirrors, IP modules, door trims and bumpers for passenger car manufacturers globally 01 Polymers and modules 02 Wiring harnesses 03 Rear view mirrors 5% 50% 28% 25% 14% 24%
$ 6.5 billion MSSL consolidated revenues (in mln. INR). Actual CAGR 29.97 % $ 1.5 billion 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 * Revenues of PKC group (acquired at the end of March 2017) of Euro 845.6 million for 2016 on performa
INR 2,500 invested in the MSSL IPO is worth INR 8,706,158 (including cumulative dividend)*. 3,482 X which is equal to 348,146% return Cumulative dividend Capital Value 268X IPO 8X 85X 1993 2000 2005 2010 2017
Volkswagen Daimler Ford Toyota Regional Contribution Award Supplier of the Year Silver award Best Project Performance Innovation & Technology Award Supplier Award for Partnership (support in global growth) Best Performance Award South America Supplier of the year ZERO PPM Award Certificate for Quality Certificate for Delivery Maruti Suzuki GM Renault Nissan Overall Performance Excellence in Comprehensive Assessment Certificate for Safety Tooling Localization Supplier of the Year Award Overall Best QCDM Performance Awards
Hyundai Tata Motors Mahindra Volvo Honda Cars Quality Excellence Best Supplier Best SPD Performance Quality Excellence Award Outstanding support in Sales Promotion Paccar Navistar Foton Ashok Leyland Suzuki Motorcycle Honda Motorcycles & Scooters Best Supplier Supplier Performance Diamond Supplier Excellent Supplier Zero Defect Business Partner Performance Award New Development Strong CR Efforts in VA / VE- HSCS
Caterpillar JCB John Deere Komatsu Honda Power Products Kobelco Tata Hitachi Platinum Level in Supplier Quality Excellence Process Strategic Partner in Progress Chairman s Award Commendable Performance for India Business Partner-level Supplier In Achieving Excellence Program Significant Contribution Award Supplier Performance Award Preferred Business Partner Significant Contribution on Quality
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Wiring Harness Cockpit Bumper Frontend Module Door Trim Interior Lamp Pillar Trim Inside Handle Spoiler Air Cleaner Assy. Fuse Box Junction Box Grommets & Rubber Parts Increasing content per car Tail Gates Compressor Shock Absorber Connectors Extruded Plastic Parts Outside Handle Scuff Plate Battery Tray Box Floor Console Headlight Pedal Box Assembly Tail Light Exterior Mirror Interior Mirror HVAC Systems Body Control Module Vehicle Electronics Air Intake Manifold
05 Door trim business SMG has integrated 19 acquisitions since 2002, creating synergies while leaving companies to manage themselves as autonomously as possible. 08 Gear cutting tools 17 Plastic moulding Australia (Asset purchase) India, (Strategic business units purchase) Hungary (automotive business unit) 01 Wiring Harness Business Ireland,(Asset purchase) 06 Wiring harness business UK, (Asset purchase) 09 Global Rear View Mirror business of UK (Rear view mirror business) 12 Powdered metal parts Spain, (Share purchase) 18 Illumination solutions, 2002 2005 2006 2007 2009 2011 2012 2014 2016 2017 02 Machined metal components Germany, (Asset purchase) 07 Rubber moulding business Australia, (Asset purchase) 10 Interior & exterior polymer modules, Germany 13 Extruded plastic parts Germany, (Asset Purchase) 19 Wiring Harness, (Share purchase) Plastic injection moulding 03 Germany, (Company purchase) 11 Thermoformed polyethylene and blow moulded components 14 Plastic moulding Germany, (Asset purchase) 04 Plastic injection moulding Czech Republic, (Company purchase) South Africa 15 Wiring Harness Business of Stoneridge Inc. USA (Wiring harness business) 16 Magneti Marelli Shock Absorbers Pvt. Ltd India (Stake purchase)
Circle of influence We focus on improving our own operational performance. A global company adjusts to the external environment - as one cannot change it.
Return on TRUST.
500,000 400,000 300,000 200,000 100,000 0
* Revenues of PKC group (acquired at the end of March 2017 of Euro 845.6 million for 2016 on performa
18,000 40% 16,000 35% 14,000 30% 12,000 25% 10,000 20% 8,000 6,000 4,000 * 15% 10% 2,000 5% - 0%
Net Debt is equivalent to 1.16 X of EBITDA** 60,000 45,000 Net Debt is equivalent to 1.21 X of EBIDTA 30,000 15,000 -
200 180 12.0% 160 10.0% 140 120 8.0% 100 6.0% 80 60 4.0% 40 2.0% 20-0.0%
250 7.0% 200 6.0% 150 5.0% 4.0% 100 3.0% 50 2.0% 1.0% - 0.0%
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Note : Figures for FY ended 31 st March 2016 & 2017 are as per INDAS and for prior years are as per Indian Gaaps 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.