bse code: 513262 nse code: sswl subject: analysts

27
Date: 06.12.2021 The Bombay Stock Exchange Limited The National Stock Exchange of India Limited Department of Corporate Services, Exchange Plaza, Phiroze Jeejeebhoy Towers, Plot No. C/1, G Block, Dalal Street, Bandra-Kurla Complex, Mumbai-400001 Bandra (E), Mumbai-400051 BSE Code: 513262 NSE Code: SSWL Subject: Analysts/Institutional Investors Meet - SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir, Pursuant to the provisions of Regulation 30(6) of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015, we wish to inform you that the Company's Analysts/ Investors meet has been fixed, the schedule of which is as follows: Date Name of Fund / Broking House Type of Meeting Venue 07.12.2021 Axis Mutual Fund One to One Virtual 07.12.2021 Goldman Sachs Asset Management One to One Virtual 07.12.2021 ICICI Prudential Asset Management Group Meeting Virtual Pari Washington Dalal & Broacha Stock Broking Karma Capital Management LLC Nine Rivers Capital Laburnum Capital Advisors Quantum Asset Management Canara HSBC Life Insurance IIFL Asset Management Union Mutual Fund Elevation Capital 07.12.2021 BOI Axa Mutual Fund Group Meeting Virtual Quest Investment Advisors Pvt Ltd. Oculus Capital Advisors Equentis Advisors EM Capital Advisors Carnelian Asset Management LLP ITI Mutual Fund Jeetay Investments Pvt Ltd Yes Bank Ltd Aditya Birla Sunlife AMC Lacuna GmbH Prudent Investment Managers ITI AIF IDBI MF 07.12.2021 Kotak Mutual Fund One to One Virtual

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Page 1: BSE Code: 513262 NSE Code: SSWL Subject: Analysts

Date: 06.12.2021

The Bombay Stock Exchange Limited The National Stock Exchange of India Limited

Department of Corporate Services, Exchange Plaza, Phiroze Jeejeebhoy Towers, Plot No. C/1, G Block,

Dalal Street, Bandra-Kurla Complex,

Mumbai-400001 Bandra (E), Mumbai-400051 BSE Code: 513262 NSE Code: SSWL

Subject: Analysts/Institutional Investors Meet - SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015

Dear Sir,

Pursuant to the provisions of Regulation 30(6) of SEBI (Listing Obligation and Disclosure Requirements)

Regulation, 2015, we wish to inform you that the Company's Analysts/ Investors meet has been fixed, the schedule of which is as follows:

Date Name of Fund / Broking House Type of Meeting Venue

07.12.2021 Axis Mutual Fund One to One Virtual

07.12.2021 Goldman Sachs Asset Management One to One Virtual

07.12.2021

ICICI Prudential Asset Management

Group Meeting

Virtual

Pari Washington

Dalal & Broacha Stock Broking

Karma Capital Management LLC

Nine Rivers Capital

Laburnum Capital Advisors

Quantum Asset Management

Canara HSBC Life Insurance

IIFL Asset Management

Union Mutual Fund

Elevation Capital

07.12.2021

BOI Axa Mutual Fund

Group Meeting

Virtual

Quest Investment Advisors Pvt Ltd.

Oculus Capital Advisors

Equentis Advisors

EM Capital Advisors

Carnelian Asset Management LLP

ITI Mutual Fund

Jeetay Investments Pvt Ltd

Yes Bank Ltd

Aditya Birla Sunlife AMC

Lacuna GmbH

Prudent Investment Managers

ITI AIF

IDBI MF

07.12.2021 Kotak Mutual Fund One to One Virtual

Page 2: BSE Code: 513262 NSE Code: SSWL Subject: Analysts

08.12.2021 Nippon Life Asset Management One to One Virtual

08.12.2021 Sundaram MF One to One Virtual

08.12.2021 Motilal Oswal MF & AIF One to One Virtual

Note: Changes to the Schedule may happen due to exigencies on part of Analysts/Investors or the Company.

Further, we are enclosing herewith presentation to be made to Analysts/Investors at the aforesaid meeting and

the same shall be accessible on the website of the Company i.e. www.sswlindia.com.

Kindly take the same on your records for reference.

Thanking you.

Yours faithfully,

STEEL STRIPS WHEELS LIMITED

(Shaman Jindal)

Company Secretary

Page 3: BSE Code: 513262 NSE Code: SSWL Subject: Analysts

STEEL STRIPS WHEELS LTD Delivering Value Seeking Excellence

Page 4: BSE Code: 513262 NSE Code: SSWL Subject: Analysts

Company Overview

SSWL is a leader in designing & manufacturing automotive wheels – both under the steel & alloy category.

Led by our:

Chairman, Mr. RK Garg

Managing Director, Mr. Dheeraj Garg

Our state of the art facilities caters to a wide range of domestic and global automobile makers while following the highest quality standards.

+ Our state of the art facilities caters to a wide range of domestic and global automobile makers while following the highest quality standards.

+ We are based out of Chandigarh with manufacturing facilities at Dappar (Punjab), Oragadam (Chennai), Jamshedpur(Jharkhand), Mehsana (Gujarat) and Saraikela (Jharkhand).

Page 5: BSE Code: 513262 NSE Code: SSWL Subject: Analysts

Highlights

Values

Number of Employees

5000+

Founded in

1991

Wheel Plant

4

Wheels Capacity

23+ million per annum

Honesty, Integrity & Transparency as essential ingredients of a stable & strong organization.

Safety, Technology & Quality leadership.

Being bold and agile, courageously taking on challenges.

Health & Happiness of all our stakeholders

Optimal use of natural resources- fuel, water, energy.

Page 6: BSE Code: 513262 NSE Code: SSWL Subject: Analysts

Manufacturing Locations

+ Dappar (Punjab) - North India

+ Oragadam , Chennai (Tamilnadu) -South India

+ Jamshedpur (Jharkhand) - East India

+ Mehsana, Gujarat – Alloy Wheel

Manufacturing locations

+ Total 23.0 Million nos p.a.

+ Dappar - 10.8 Million

+ Chennai -6.0 Million (Car/TW) & 1.50 Million (CV)

+ Jamshedpur -2.16 Million

+ Mehsana -2.5 Million(Expansion Underway to increase capacity to 3.0Mn)

Capacities

+ Tata Steel Ltd, India - 6.97%,

+ Nippon Sumitomo Metal Industries, Japan – 5.45%,

+ Listed company in National Stock Exchange and Bombay Stock Exchange, India.

Strategic Investors

Page 7: BSE Code: 513262 NSE Code: SSWL Subject: Analysts

Our Journey

1991 1997 2002 2006 2007 2008 2009

DAPPAR PLANT

Start of Commercial production for Maruti Suzuki from Dappar plant near Chandigarh

2 W & TRACTOR WHEELS

Start of Commercial production for 2 Wheelers & Tractor wheels

EXPORT

+ Start of Commercial production for Exports market by supplies of Passenger Car wheels to PSA Peugeot Citroen, France

+ Start of Commercial production for HCV wheels

PRODUCTION

Developed Semi Full face Styled wheel for Renault Romania

COLLABORATION

Technical collaboration with Ring Techs Co. Ltd., Japan

LCV WHEELS

Start of Commercial production for LCV wheels

CHENNAI PLANT

Start of production at Chennai plant

Page 8: BSE Code: 513262 NSE Code: SSWL Subject: Analysts

Our Journey (cont.)

2010 2016 2017 2017 2017 2021

JAMSHEDPUR PLANT

Start of production at Jamshedpur plant

SSWL CHENNAI TRUCK PLANT

Start of production of truck wheels at Chennai plant

SARAIKELA PLANT ( HOT ROLLING MILL)

+ The Hot Rolling Mill at Saraikela was incorporated primarily to provide backward integration for our steel wheels

UTE MAYR STEEL SERVICE CENTRE

Start of production at Ute Mayr Steel service centre

MEHSANA PLANT

Start of production of passenger car alloy wheels at Mehsana plant, Gujarat

MEHSANA PLANT

Alloy Wheel Capacity expanded to 2.50mn

Page 9: BSE Code: 513262 NSE Code: SSWL Subject: Analysts

Partners - PASSENGER VEHICLE

Page 10: BSE Code: 513262 NSE Code: SSWL Subject: Analysts

Partners - TRACTOR

Page 11: BSE Code: 513262 NSE Code: SSWL Subject: Analysts

Partners - COMMERCIAL VEHICLE / OTR

Page 12: BSE Code: 513262 NSE Code: SSWL Subject: Analysts

Partners - 2-3 WHEELER

Page 13: BSE Code: 513262 NSE Code: SSWL Subject: Analysts

SSWL Export Customers Locations

Brazil

Japan

Poland

Thailand

Romania

Russia

Italy Morocco

Slovakia

Germany

France

UK

Colombia

Argentina

Netherlands

S Korea

Canada

U.A.E. Egypt

Spain Austria

Customers Locations

Hungary USA

Page 14: BSE Code: 513262 NSE Code: SSWL Subject: Analysts

Domestic Business Allocations (Steel Wheels)

Key Customers SOB Key platforms

Maruti Suzuki 50% Ciaz, Baleno, Scross, Brezza, Celerio

Hynduai 45% Venue, Xcent, Grandi10, Verna

Mahindra 50% KUVTUV,XUV

Honda 50% Mobilio, WRV, Jazz, Amaze, City

MG Motors 100% Hector

Kia 55% Seltos, Carnival, Sonet

Key Customers SOB Key platforms

Mahindra 57% Jivo, Arjun, Yuvraj, Dhruv

Sonalika 45% D1745, D16TRX, RX47

Eicher 35% 551, 548 , 485

JCB 60% 3DX, 4DX, Export Model

New Holland 40% 5500 , 7500

Key Customers SOB Key platforms

Ashok Leyland 55% Ecomet, Ross, Viking, Cheetah

Tata Motors 42% Ultra LPK 1512, LPK1518, 2518, 3718 , 3118 , 4218

Key Customers SOB Key platforms

Piaggio 54% Ape city , Ape Cargo

HMSI 35% Activa, Dio, Activa 125, Grazia, Aviator

Suzuki Scooters 45% Access 125

Scooter India 100% Vikram

Two/Three wheelers

50% market share in the

passenger vehicles segment

53% market share in the MHCV segment

44% market share in the tractor segment

70% market share in the OTR segment

30% market share in 2/3Wheelers

Page 15: BSE Code: 513262 NSE Code: SSWL Subject: Analysts

SSWL Mindshare in Alloy Wheel Market

SSWL Nomination for Alloy Wheel Programs

SOB

Hyundai Creta 100%

Hyundai Alcazar 100%

Hyundai Venue 100%

Hyundai Verna 100%

Hyundai Aura 100%

Kia Seltos 18%

Kia Sonnet 50%

Renault Kiger 100%

Nissan Magnite 100%

Mahindra New Xuv 700 100%

Mahindra Xuv 300 100%

Tata Harrier 40%

Tata Punch 100%

Tata Tigor 85%

Page 16: BSE Code: 513262 NSE Code: SSWL Subject: Analysts

Sales Performance Turnover Value (in Crs)

1,557

2,041

1,563 1,749

1,636

3,500/3,600

-

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

2017-18 2018-19 2019-20 2020-21 2021-22(H1) 2021-22(Proj)

Rs in Cr.

Page 17: BSE Code: 513262 NSE Code: SSWL Subject: Analysts

Growth Drivers Export Value

115

198 222

271

481

900

-

100

200

300

400

500

600

700

800

900

1,000

2017-18 2018-19 2019-20 2020-21 2021-22(H1) 2021-22(Proj)

Value(Rs Cr.)

Page 18: BSE Code: 513262 NSE Code: SSWL Subject: Analysts

Growth Drivers Mehsana Plant Value

57

102

338

293

650

-

100

200

300

400

500

600

700

2018-19 2019-20 2020-21 2021-22(H1) 2021-22(Proj)

Net Value(Rs Cr.)

Page 19: BSE Code: 513262 NSE Code: SSWL Subject: Analysts

EBITDA(Rs in Crs)

214

263

193

220 238

450

0

50

100

150

200

250

300

350

400

450

500

2017-18 2018-19 2019-20 2020-21 2021-22(H1) 2021-22(Proj)

EBIDTA (Rs in Crs)

Page 20: BSE Code: 513262 NSE Code: SSWL Subject: Analysts

Earning Per Share (Rs)

48.28 52.88

15.04

31.58

118.03

-

20.00

40.00

60.00

80.00

100.00

120.00

140.00

2017-18 2018-19 2019-20 2020-21 2021-22(Proj)

EPS

Page 21: BSE Code: 513262 NSE Code: SSWL Subject: Analysts

Secured Term Debt(Rs Cr)

610

595

544 548

498

400

450

500

550

600

650

2017-18 2018-19 2019-20 2020-21 2021-22(Proj)

Page 22: BSE Code: 513262 NSE Code: SSWL Subject: Analysts

Debt/EBITDA

4.37

3.45

4.89

4.21

2.00

0.00

1.00

2.00

3.00

4.00

5.00

6.00

2017-18 2018-19 2019-20 2020-21 2021-22(Proj)

Page 23: BSE Code: 513262 NSE Code: SSWL Subject: Analysts

Fixed Asset Turnover Ratio

1.52 1.54

1.20

1.39

2.39

0.500

0.700

0.900

1.100

1.300

1.500

1.700

1.900

2.100

2.300

2.500

2017-18 2018-19 2019-20 2020-21 2021-22(Proj)

Page 24: BSE Code: 513262 NSE Code: SSWL Subject: Analysts

ROCE

13.28%

15.00%

8.71%

10.68%

24.93%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

2017-18 2018-19 2019-20 2020-21 2021-22(Proj)

Page 25: BSE Code: 513262 NSE Code: SSWL Subject: Analysts

Key Strategies Going Ahead

1. • Prioritise reduction in company debt.

2. • Targeting threshold ROC of 25% for the company.

3.

• Operating expense optimization with introduction of major robotic overhauling.

4.

• Shift overall Sales Mix towards EBITDA accretive segments(Alloy/Exports)

Page 26: BSE Code: 513262 NSE Code: SSWL Subject: Analysts

52%

18%

30%

Domestic Sales Alloy Wheels Export

Way Forward

Way Forward

2018-19 2020-21

87%

3%

10%

Domestic Sales Alloy Wheels Export

65%

19%

16%

Domestic Sales Alloy Wheels Export

50%

24%

26%

Domestic Sales Alloy Wheels Export

2021-22(H1)

Page 27: BSE Code: 513262 NSE Code: SSWL Subject: Analysts

Thank You…

Contact Us

Corporate Office Address Steel Strips Wheels Ltd, S.C.O. 49-50, Sector 26, Madhya Marg, Chandigarh – 160 019, India

[email protected] (Domestic) [email protected] (International)

+91-172-2790979 +91-172-2793112

www. sswlindia.com