#1BUILDING TRUST EXPANDING POSSIBILITIES UNO MINDA Minda Industries Ltd. Investor Presentation - August 2019#2Safe Harbor UNO MINDA 2/43 This presentation and the accompanying slides (the "Presentation"), has been prepared by Minda Industries Limited (the "Company"), 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 auto ancilliary 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.#3UNO MINDA Quarterly Update Presentation 3/43#4Performance Highlights for the Quarter Favourable Factors UNO MINDA 4/43 Un-Favourable Factors Robust sales despite industry wide Volume cuts Cost Management and Austerity measures kept overheads in check. EBITDA % maintained despite margin pressure on business. New Products have started contributing to the top line Capacities in Place for swift ramp up and future growth * Volumes impacted due to weak demand across segments * Expansions in Gujarat led higher interest and depreciation costs#5Business Review Others Acoustics Lighting Light Metal Technology 04 05 Switches 0 03 UNO MINDA 5/43 Secured Business from new customer 01 4W in line with OE, improved SOB in 2W Better volumes in some of new launches 02 Growth higher due to high LED content Domestic business upbeat despite volume cuts Clarton Horn (Mexico) under stabilzation Better operational efficiency, favourable movement of commodity price. Improved customer mix RPAS and front air bags mandatory in PV-4W segment with effect from July 19 Isys and Katolec have contributed to top line growth.#6Consolidated Financial Highlights Revenue ($ Mn) 207.5 +1% 208.9 Q1FY19 Q1FY20 PAT* ($ Mn) 10.2 -24% 7.8 UNO MINDA EBITDA ($ Mn) +1% 24.7 25.0 Margin (%) 15.7 11.2 10.3 7.1 1.9 Q1FY19 3.5 Q1FY20 PBT Depreciation Interest 11.89% 4.90% Q1 FY19 Q1FY19 Q1FY20 ⚫EBITDA PAT * PAT = PAT (MIL Share) 11.96% 3.71% Q1 FY20 6/43#7Revenue Bridge - Q1 FY20 In $ Mn UNO MINDA 7/43 (1) 4 (2) (6) 6 208.9 207.5 Q1FY19 Lighting Others Acoustics Light Metal Technology Switches Q1FY20#8Division Wise Revenue Mix LMT 16% Acousics 13% Revenue -Q1FY19 Others 10% Lighting 21% Switches 40% LTM 14% Acousics 12% Others 13% Revenue -Q1FY20 Lighting 24% UNO MINDA 8/43 Switches 37%#9Division Wise EBITDA Mix LTM 29% EBITDA - Q1 FY19 Others 14% Lighting Acousics 12% 9% Switches 36% LTM 32% EBITDA Q1 FY20 -> Others 12% Acousics 6% Lighting 18% UNO MINDA 9/43 Switches 32%#10Revenue Mix - Q1 FY20 Geography-wise Breakup India International 17% 83% UNO MINDA 10/43 Channel-wise Breakup Segment -wise Breakup OEM ■Replacement 8% 92% Diversification across Categories and Geographies 2Wheeler 4Wheeler 47% 53%#11Consolidated Profit & Loss Statement UNO MINDA 11/43 Particulars ($ Mn) Q1 FY20 Q1 FY19 Revenue from Operations (Net of Excise) Raw Material 208.91 207.47 YoY % 1% Q4 FY19 QoQ% FY19 215.69 -3% 857.26 126.55 128.05 130.44 525.62 Employee Cost Other Expenses EBITDA EBITDA Margin Other Income Depreciation EBIT 31.22 27.36 29.39 114.82 26.16 27.38 28.96 111.60 24.99 24.67 1% 26.90 -7% 105.22 11.96% 11.89% 7bps 12.47% (51) Bps 12.27% 1.00 0.94 1.90 3.92 10.33 7.15 9.89 34.01 15.66 18.47 -15% 18.90 -17% 75.14 EBIT Margin 7.50% 8.90% (141)bps 8.76% (127)Bps 8.76% Finance Cost Profit before Share of Profit/Loss of JVs and Tax 3.45 12.20 1.91 2.96 9.16 16.56 -26% 15.94 -23% 65.97 PBT Margin 5.84% 7.98% (214)Bps 7.39% (155)Bps 7.70% Exceptional Item Tax 4.02 4.88 4.84 19.45 Profit before Share of Profit/Loss of JVs 8.19 11.68 -30% 11.09 -26% 46.52 Share of Profit/Loss of JVs 0.86 0.60 1.21 2.74 Net profit/(loss) after share of profit/(loss) of associates / joint ventures (A) 9.04 12.28 -26% 12.30 -26% 49.26 PAT Margin % 4.33% 5.92% (159)Bps 5.70% (137)Bps 5.75% PAT attributable to: - Owners of MIL 7.76 10.16 -24% 10.66 -27% 41.44 Non Controlling Interests 1.29 2.11 1.64 7.82 Other Comprehensive Income -0.07 0.36 -0.59 -0.10 Total Comprehensive Income for MIL 7.69 10.52 -27% 10.08 -24% 41.34 TCI Margin % 3.68% 5.07% (139) Bps 4.67% (99)bps 8.42% Total Comprehensive Income for Non Controlling Interests 1.29 2.12 1.63 7.82#12About Us UNO MINDA 12/43#13UNO MINDA GROUP VISION To be a Sustainable, Global organization that enhances value for all of its Stakeholders, attains Technology Leadership, and cares for its people like a Family. * 80B Group Turnover (FY19) 62 Plants Globally 15 Joint Ventures 4 Acquisitions 8 R&D Centers 20+ Product lines 215+ Product Patents 230+ Design Registrations Sustainable 1 Global | Stakeholders | Technology Leadership | Employee Care#14Leadership Team BOARD OF DIRECTORS Mr. Nirmal K Minda Chairman & Managing Director TOP MANAGEMENT TEAM Mr. Anand K Minda Mr. Sunil Bohra Group CFO Mr. Satish Sekhri Mr. K K Jalan Mr. J.K. Menon CEO, Electrical & Electronics Domain Ms. Paridhi Minda Mrs. Pravin Tripathi Note: The above represents the Board of the flagship company, Minda Industries Limited Mr. Naveesh Garg Group Chief Strategy Officer Mr. Anand K Minda CEO, Aftermarket Domain Mr. Pradeep Tiwari CEO, Body & Structure Domain Mr. Ravi Mehra CEO, Interior, Controls & Safety Domain UNO MINDA 14/43 Mr. Rajiv Kapoor Group HR Head Mr. Kundan K Jha CEO, Light Metal Technology Domain Mr. Amit Jain CEO, Adv. Electronics Domain & Group Chief Technology Officer Mr. Rajeev Gandotra Group Chief Marketing Officer Mr. Amit Gupta President, Group Business Excellence#15Premiumization UMA india gale new delhi OK25 OK24 Strategy for Growth Regulatory Norms BS-VI expected implementation by 2020 will benefit UNO MINDA as it ready with products which are likely to see strong demand 1. Sensors (BS VI) and Engine related Sensors in association with Sensata, US UNO MINDA 15/43 Indian Automobile market is likely to undergo premiumization of vehicles and UNO MINDA is Poised to strongly benefit. 1. LEDs replacing convention lamps 2. Advanced Driving Assistance System (ADAS) 3. Alloy Wheels Infotainment System Wireless Chargers 2. Advance Filtration and Canisters BS-IV Regulatory, Emission Norms Premiumization and Kit Value 4. 5. Telematics 3. On Board Diagnostics (OBD) 6. 4. Seat Belts CARLEK 7. AMT Enhanced Safety VIRONMENT NCAP and Crash Test Norms are ensuring a swift migration to a safe car. 1. Air Bags & Seat belts 2. Reverse parking Sensors 3. Combi Braking Systems Enhanced safety Norms Electronification and Electric Vehicles (EVs) Electronification & EVs UNO MINDA has set up CREAT for Advanced research engineering and advanced technologies focused to capture 1. Cockpit Electronics 2. Body Exterior & advanced Lighting Air Bags & Seat belts 3. Controllers and Sensors 4. EV technologies#16Mobility Change Drivers - Global and India D») GLOBAL D») INDIA CONNECTED AUTONOMOUS CONNECTED COMFORT & CONVINIENCE SHARED MOBILITY ELECTRIC SHARED MOBILITY सत्यमेव जयते UNO MINDA 16/43 SAFETY & SECURITY REGULATIONS GREEN TECHNOLOGY#17Change Drivers - India D' CONNECTED ि COMFORT & CONVINIENCE SAFETY & SECURITY Fleet Management, Apps, UBI SHARED MOBILITY Larger Displays, Infotainment Collision Warning & Avoidance Car Sharing, Bike Sharing, On Demand Ride Telematics, FOTA, eCall Fully Automatic Temprature Control, TPMS, HUD Emergency Braking, Lane Keeping, Blindspot Cost & ownership Model UNO MINDA 17/43 सत्यमेव जयते REGULATIONS GREEN TECHNOLOGY BS-6 Emission Hybrid Electric Vehicle Standards- Bharat Stage VI (BS-6) AIS 140, ITS Battery Electric Vehicle V2X, V21, Gateway, Smart Home Around View Monitor, Ultrasonic Sensor Airbag, ESP Durable components & faster replacement Pedestrian Protection, Collision Protection Charing Infrastructure ABS#18Future Technology Areas for UNOMINDA Body, Exterior and Safety Technologies UNO MINDA 18/43 Cockpit Electronics and Advanced Technologies Locks Security Starter Music Maps Mesaje Lights Trunk Cainera Controllers Distributed & Integrated Body Controllers Multi Function Controllers Lighting Advanced Driver Assist Digital Lamps Adaptive Front Lighting Sequential Lighting Ambient Lighting Wireless Chargers Parking Systems Collision Avoidance Around View Aug reality HUD Smart city Brake Support System Infotainment & Connectivity Telematics & IOT Android Infotainment Deep Thinking & Interactive Voice Rear Seat Entertainment Smart City Solutions 3G/4G TCU Flash Over the Air Smart Antenna Data Analytics Electric Vehicle Technologies Power Management Controllers Brushless Motor Controllers DC DC Converters On Board Chargers Battery Packs#19• • • • CREAT Group Technical Centre Overview UNO MINDA 19/43 First Flagship Technical Center of UNOMINDA Group Located in Pune, Phase II in Gurgaon 170+ Engineers Center of Competency for Hardware & Software Electronics Lab functional since Oct 2018 CREAT: Manpower Mix Software 44% Mechanical 11% Hardware 12% Design 16% A Product Assurance 3% Tech Sales Hardware, Software & Test Hardware & Software for existing products Center of Excellence Material Sciences, Optics, Surface Coating, EMI/EMC / NPC 2% Adminstrati... • New Products end to end Captive & New Products Captive#20Pioneer in localization: Through JVs & Associations We have partnered with global technology leaders in the respective product segments B TOKAI RIKA Panel & Control Switches Seatbelts Gear Shifters 1995 2010 2011 TOYODA GOSE zi TOYOTA TSUSHO Steering Wheels with Air Bags Body Sealing Fuel Caps Hoses KYORAKU NAGASE CHALLENGE FOR THE BETTER 長瀬産業株式会社 Blow Molding Components TORICA Raw Material Trading 2012 UNO MINDA 20/43 ONKYO Speakers SYS ISYS RTS GmbH Acquisition Embedded Systems Embedded Systems and Software rinder Acquisition 2W Light Sensata Technologies TLA for Sensors CLARTONHORN Acquisition Horns 2013 2016 2017 2018 2019 THE FILTRATION COMPANY ROKICo.Ltd. Air Filters, Canisters Alloy Wheels emer A WESTPORT COMPANY CNG & LPG Kits DENSO TEN Car Infotainment Systems Nabtesco Air Brakes ams TLA for Automotive Lamps K KATOLEC Printed Circuit Boards (PCB) Box Build Assemblies TTE Driving Assistance Systems & Products (DAPS) KPIT Acquisition Telematics Hardware Harita Harita Seating Systems Ltd. Acquisition Seating Systems (under Approval)#21Shareholding Pattern Retail 8.5% Corp Bodies / Others 5.2% Institutions 15.5% Mar '19 Promoters 70.8% Insitutions 16.1% Retail 7.9% Corp Bodies / Others 5.2% June '19 UNO MINDA 21/43 Promoters 70.8%#22Strong Balance Sheet: Building Shareholder Value year on year... Sales Sales Growth 39% 32% ⚫ROCE -Adjusted ROCE* 20% 21% 11% 32% 20% 19% 19% 19% 491 649 857 FY17 FY18 FY19 Growth without stressing the Balance Sheet... Networth 21.5% 20.9% RoE 18.5% UNO MINDA 22/43 EBITDA EBITDA Margin% 12% 12% 54 77 105 FY17 FY18 FY19 FY17 FY18 FY19 I Net Fixed Assets FATR 3.97 3.66 3.58 Net Debt to Equity 0.3 0.5 0.12 154 202 247 144 210 268 FY17 FY18 FY19 FY17 FY18 FY19 FY17 FY18 FY19 Note: Consolidated Data, * Adjusted ROCE= capital employed less non current Investments in JV and Associates#23UNO MINDA Business Overview 23/43#24Advent of EVs: Our Hedged Product Portfolio UNO MINDA 24/43 Legend ✓ To continue as it is To continue with changes Obsolete Positively Impacted S. No Product Lines 1 Alternate Fuel Systems 2 Engine & Transmission Air Filtration Systems Canisters 3456781DEN Parts Brake Hoses Fuel Hoses Cameras Safety Parts EA Pad 9 10 11 12 Body Parts 13 14 Steering Wheel with Airbags Fuel Caps Lamps Air Ducts & Washer Bottle Spoiler Body Sealings 15 16 17 Alloy Wheels MKL TGMN MIL Technologies Company Name Approximate timelines METL Revenue March 19 41 BS VI Apr-20 PEV 2022-25 BEV 2025-2030 ✓ X Roki Minda A Δ 400 Roki Minda Minda TG Minda TG Minda Kosei MFTL, Minda TTE A Δ X 496 227-822 ✓ ✓ A X 600 ✓ ✓ ✓ ✓ ✓ MIL-Ltg Div MKL MKL TGMN 465 A A 158 ✓ ✓ 158 496 4W Switches & HVAC MRPL A A A X Cigar Lighters & Chargers MRPL Wheel Covers MRPL 801 801 ✓ Infotainment Systems 18 (CD Tuners, Display Audio & Audio Minda D Ten Video Navigations) 19 Speakers Minda Onkyo 82 98 21 ✓ ✓ Comfort & Reverse Parking Aid Systems & Convenience 20 Advanced Driver Assistance Minda TTE 16 Parts 10 Products and Systems 21 Sensors MIL-SAC Div 131 A A A 22 23 24 25 26 Others Actuators Controllers End to End Telematics & Connected Car Solutions Horns Batteries-Lead Acid MIL-SAC Div 131 ✓ ✓ ✓ MIL-SAC Div 131 A A MIL Controllers 25 MIL + CH 708 MIL-Battery Div 84 Δ A Δ A#25Group product portfolio - 2 Wheeler Filter/Canisters Battery C Horns Handle Bar Assemblies Sensors Noise Suppresser Cap Equalizer Assembly Die Casting Components Brake Hoses UNO MINDA 25/43 Combined Breaking system Lamps Switches 2 W Alloy Wheel BB#26Kit Value* - 2 Wheelers Values in $ 66 99 76 75 84 === 99 99 101 63 89 68 888 40 40 UNO MINDA 52 2018 2019 2018 2019 2018 2019 2018 2019 2018 2019 Up to 110 CC 110-135 CC > 135 CC *Contribution from Group Companies which are not yet consolidated is not included in the Kit Value All scooters All Mopeds 26/43#27Group product portfolio - 4 Wheeler Air Duct Spoiler Fuel cap CNG Kit RPAS Alloy Wheel PWS Controllers Auto HVAC Electronic accelerator Air Filter LED lamps Hoses Steering Wheels with Air bags pedal module UNO MINDA Headlamp levelling motor UNO MINDA Horns Speakers Batteries 27/43#28Kit Value* - 4 Wheeler PVs & Tractor Values in $ 1,174 1,101 998 924 732 633 639 477 376 289 UNO MINDA 28/43 49 50 2018 2019 2018 2019 2018 2019 2018 2019 2018 2019 2018 2019 Up to $ 3.2k $ 3.2k -6.5k $ 6.5k - 12k $ 12k - 23.2k >$ 23.2k Off Road * Contribution from Group Companies which are not yet consolidated is not included in the Kit Value *Potential is calculated on basis that all products manufactured by the group is supplied in the vehicle.#29Customer led and Customer Oriented: Customer Mix (FY 2019) Others 32% 4W MSIL 42% Switching Systems 2W Bajaj Auto 34% Others 40% TGMI 4% TKML 10% Yamaha HMSI 9% TML M&M 3% Royal Enfield 6% 6% 3% Maximize Customer Value optimum product mix to maximize Hedged across content per vehicle segments strengthening our focus on customer relationships Note: Consolidated Data TVS 11% Alloy Wheels (MKA) Tata Motors 6% Lighting Systems Others 29% Renault 9% Toyota 12% MSIL 32% Others 52% M&M 12% UNO MINDA 29/43 Acoustics Systems BMW 13% VW 13% HYUNDAI 9% DAIMLER 8% -AUDI 5% Blow Molding Die Casting (MJ Casting) Others 20% M&M 22% WABCO India 18% Mahindra 3% Honda 9% MSIL HMSI 78% 55% TVS Motors 27% TKML Suzuki Motors 24% 7% MSIL 23%#30Switching Systems Indian's Largest Manufacturer • • • • World leader in 2W Switches by Volume. 2W switches Market Share in India ~65% Independent in-house R&D Exports to USA, France, Italy, Austria and others contributing ~6% to Switch sales in FY19 Minda Rika (4W SW): Market share India 55% End User Segment Note: Consolidated Data • 2/3 Wheeler & Off-road • 4 Wheeler (Minda Rika) Key Customers: 2W/3W/OR- HMSI, Bajaj, HMCL, TVS, REML & Yamaha 4W-MSIL, TKML, M&M, TML & HCIL Manufacturing Facilities UNO MINDA 30/43 400 300 9.8% In $ Mn 12.6% 15% 11.9% 10% 200 5% 100 176 214 325 0% FY17 FY18 FY19 Revenue EBITDA Margin % 2W Switches Handle Bar Assembly Off road Switches 2W switch: ASEAN(2W): • Manesar Pune 4W switch: Manesar . Indonesia • Pune . Vietnam • Pantnagar • Chennai Hosur 4W Switches • Gujarat HVAC Panels Aurangabad#31Lighting Systems In $ Mn UNO MINDA 31/43 Leading automotive lighting Systems 250 9.8% 10.2% 12% 9.1% 200 10% 8% • Strong R&D capabilities with Design centre in Taiwan 150 and Technical Arrangement with Korean Company 6% • Exports to Italy, Indonesia, France, Japan and others Contributing ~9% to Lighting Sales in FY19 100 4% 50 2% R&D Base for 2W in Spain and 4 W in India 149 168 188 0 0% FY17^ FY18 FY19 End Use Segment Revenue EBITDA Margin % ^ Consolidation of Rinder • 2/3 Wheeler, • 4Wheeler • Off-road Key Customers: 4W: Maruti Suzuki, Bajaj, TVS, REML, Renault 2W: Bajaj, RE, Triumph, KTM Note: Consolidated Data Manufacturing Facilities 2 W Facilities (India): • • Pantnagar • Sonepat • Haridwar Chennai • Chakan & Pimpriin Pune Bahadurgargh 2 W Facilities (Overseas): Columbia Design Centre in Spain#32Acoustic Systems One of India's Largest Players in Horns • With 47% market share in India • Strong in-house R&D capabilities UNO MINDA 32/43 In $ Mn 9.7% 120 9.4% 10% 9% 80 8.1% 8% Clarton Horn, a wholly owned subsidiary of MIL is technology leader in Horns and No 2 in market share globally. 40 40 Note: Consolidated Data End Use Segment . 2/3 Wheeler, • 4Wheeler, • Off-road and Commercial Vehicles Key Customers: Domestic - MSIL, Bajaj, TVS, Royal Enfield, Yamaha, M&M International - Daimler, Hyundai, Nissan, Mobis, Renault Manufacturing Facilities MIL Facilities . Manesar Pantnagar Indonesia • Clarton Horns Facilities: Spain Morocco . Mexico 7% 96 97 104 0 6% FY17 FY18 FY19 Revenue EBITDA Margin % DA#33Light Metal Technology Alloy Wheel • Products Market Leader in PV segment with 45% market share ( installation) in India • Kosei - Strong Technology Leader as JV partner • Moulding and Tooling Capability for high end wheels Aluminium Die Casting Manufacturer of performance and non performance parts End Use Segment Key Customers: • Alloy Wheel Capacity • Alloy Wheel MSIL, Mahindra, Toyota, Renault 2.7 Mn Wheels p.a. Nissan and Honda • Aluminium Die Casting • Aluminium Die Casting HSMI, TVS, Wabco Note: Consolidated Data 0.13 Mn ton p.a. Manufacturing Facilities Alloy Wheel . Bawal Gujarat • Chennai (JV Plant) Revenue* $ Mn UNO MINDA 33/43 150 23.4% 25% 23.2% 24% 100 21.5% 23% 22% 50 21% 20% 57 85 132 0 19% FY17 FY18 FY19 Alloy Wheels & Die Casting EBITDA Margins % Aluminium Die Casting Alloy Wheels Aluminium Die casting Hosur . Bawal#34Other Products Other products Products • Blow Molding • Speakers & Infotainment • Fuel Caps • Air Filtration System . • Hoses Batteries Note: Consolidated Data Revenue* $ Mn UNO MINDA 34/43 150 12% 10% 9% • Sensors and Controllers 8% 100 10% 8% 6% 88 77 50 4% 59 2% 17 18 21 0 0% FY17 FY18 FY19 End Use Segment • 2Wheelers, 4Wheelers, Commercial Vehicle Key Customers: MSIL, HMSI, TVS, Mahindra, Toyota & Renault Nissan Speaker Manufacturing Facilities Blow Moulding Others EBITDA Margins % ΠΑ a Hoses Air Bags Fuel Cap • . Bawal - Filters, Hoses, Blow molding Bangalore -Blow Molding, Filters UNO MINDA POUER 20 HINDA POWER . Manesar Fuel Caps, • Chennai & Gujarat-Filters • Pantnagar( Minda Storage Battery) Controllers Blow Molding Battery#35MDSL Strong Presence in Replacement Market O Jammu and Kashmir: 8 Over 50,000 Retail Points FY19 Product($ Mn) After Market Sales O Himachal Pradesh: 24 Switches 26 Punjab: 26 Haryana: 41 Rajasthan: 51 Ο O Uttarakhand: 6 O Delhi: 33 O UP: 62 Bihar: 55 UNO MINDA 35/43 % of total After Market Sales 31% Lighting 26 32% Assam: 10 Horns O Gujarat: 48 OMP: 45 OJharkhand: 20 Chhattisgarh: 14 O -West Bengal: 51 O Orissa: 24 Maharashtra: 86 O O Telangana: 14 Goa: 1 O Andhra Pradesh: 25 Karnataka: 45 O Kerala: 23 Tamil Nadu: 52 Maps not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness Others 12 12 14% 19 23% Revenue ($ Mn) CAGR of 11.4% 64 66 99 54 83 73 FY15 FY16 FY17 FY18 FY19#36UNO MINDA Historical Financials 36/43#37Consolidated Profit & Loss Statement Particulars ($ Mn) Revenue from Operations (Net of Excise) Raw Material Employee Cost Other Expenses EBITDA EBITDA Margin Other Income Depreciation EBIT EBIT Margin Finance Cost Profit before Share of Profit/Loss of JVs and Tax PBT Margin Exceptional Item Tax UNO MINDA 37/43 FY19 FY18 857.26 648.68 YoY % 32% 525.62 400.94 114.82 85.14 111.34 85.14 105.48 77.46 36% 12.30% 11.94% 36bps 3.66 4.84 34.01 23.92 75.14 58.38 29% 8.76% 9.00% (23) Bps 9.16 5.09 65.97 53.29 7.70% 8.21% 24% (52) Bps 0.0 5.55 19.45 14.17 Profit before Share of Profit/Loss of JVs 46.52 44.66 4% Share of Profit/Loss of JVs 2.74 3.35 Net profit/(loss) after share of profit/(loss) of associates / joint ventures (A) 49.26 48.01 PAT Margin % 5.75% 7.40% 3% (165) Bps PAT attributable to: TCI Margin % - Owners of MIL - Non Controlling Interests Other Comprehensive Income Total Comprehensive Income for MIL Total Comprehensive Income for Non Controlling Interests 41.44 45.01 -8% 7.82 3.00 -0.10 0.77 41.34 45.71 -10% 4.82% 7.05% (222) bps 7.82 3.07#38Consolidated Balance Sheet Assets ($ Mn) 1 Non Current Assets Mar-19 Mar-18 Liabilities Equity & Liabilities UNO MINDA 38/43 Mar-19 Mar-18 Property, Plant And Equipment 236.43 174.03 Equity Capital Work in Progress 19.08 27.88 Equity Share Capital 7.61 2.53 Intangible Assets 9.70 5.71 Other Equity 239.66 199.41 Intangible Assets under Development 2.70 2.71 Equity Attributable to owners of the company 247.27 201.93 Goodwill on Consolidation 23.93 16.22 Non Controlling interest 38.70 30.62 Total Equity 285.97 232.55 Financial Assets i) Investments 51.59 22.52 1 Non Current Libilities ii) Loans iii) Others 3.08 2.10 1.40 2.44 Deferred tax assets (Net) 0.00 2.70 Other Tax Assets 4.80 4.52 Other Non Current Assets 9.74 5.87 Financial Liabilities i) Borrowings ii) Other Financial Libilities Provisions Deferred tax liabilities Sub Total Non Current Assets 362.44 266.70 Total Non Current Liabilities 87.98 34.83 10.97 7.47 14.46 15.06 0.09 0.00 113.49 57.36 2 Current Assets Inventories 2 Current Libilities 81.40 60.58 Financial Libilities i) Borrowings 50.66 43.94 Financial Assets ii) Trade Payables i) Trade Receivables 130.48 114.59 ii) Cash & Cash Equivalents 13.46 18.22 a) Total Outstanding dues of Micro & Small Enterprises b) Total Outstanding dues of Creditors other than Micro & Small Enterprises 9.37 0.88 106.39 114.97 iii) Bank Balance other than those inculde in cash & Cash 2.51 4.92 iii) Other Financial Libilities Equivalents iv) Loans 0.29 0.23 v) Other Currents Financial Assets 3.19 2.62 Other Current Libilities Provisions Other Currents Assets Subt Total Current Assets Total Assets 20.09 251.42 221.58 613.86 488.28 20.42 Current Tax Liabilities (Net) Total Current Liabilities Total Equity & Liabilities 33.54 22.55 11.30 13.33 3.13 2.15 0.00 0.56 214.40 198.37 613.86 488.28#39Improving Dividend Profile In $ Mn 10.9% 10.4% 24 37 FY17 FY18 PAT * Dividend payout ratio after considering dividend distribution tax -Dividend Payout Ratio 12.7% 41 FY19 UNO MINDA 39/43#40Awards & Recognitions dersOfChang CNBC TVTB Standard Chartered BLA Leade Entrepreneur he Year India WINNER Bu be EY Entrepreneur Of The Year 2018 India UNO MINDA 40/43 Buliders of a better India NIRMAL K MINDA Minda Industries et EY Building a better working world rld 20 Builders better Minda Industries Ltd won the "Most Promising Company of the Year"at the Indian Business Leader Awards Mr. N K Minda conferred with EY Entrepreneur of the Year for the year 2018 ( Manufacturing Category)#41Awards & Recognitions CERTIFICATIONS CERTIFIED ISO/TS 16949:2009 COMPANY OHSAS 18001:2007 Certified Company CERTIFIED ISO 9001:2015 COMPANY CERTIFIED ISO 14001: 2004 COMPANY 17025 "Comprehensive Excellence" - UNO MINDA "Overall Performance" - MKL & M DTEN "Quality Excellence" MTG & Roki Minda "VA-VE"- MTG MARUTI SUZUKI RECENT AWARDS: 2018-19 "Special Support Award" MIL-Switch Division SUZUKI "National IP Award" in category Top Indian Company for Designs Minda Industries Ltd. CII UNO MINDA 41/43 "Delivery Management Award" MJ Casting Ltd. Best QCDDM Performance" Roki Minda Co. Pvt. Ltd. "Supplier Business Capability Award" MIL - Lighting Division " HONDA "Quality Excellence" MIL-Lighting Award GM TOYOTA Mahindra Rise. "Exceptional Support Quality" MIL- Lighting Award TATA Confidential 2005 AWARD FOR DELIVERY MANAGEMENT MJ CASTING LTD. CONGRATULATIONS!! PERFECTION PROGRESS CHI P ndia Intellectual Pro Celetg the Asano Traje Conation stem C CH CB 1.0 MENTORING#42MILHolding Structure MIL'S SUBSIDIARIES, JOINT VENTURES AND ASSOCIATES DOMESTIC SUBSIDIARIES MKL (68%) MJ Casting (100%) MACL (100%) MDSL (100%) MKAWL (70%) Minda TG Rubber (51%) RIPL (100%) MSBPL (100%) OVERSEAS SUBSIDIARIES Sam Global (100%) MIVCL (100%) PTMA (100%) PTMT (100%) YA Auto (51%) JOINT VENTURES & ASSOCIATES METL (49%) Riduco (50%) (via LSTC) Global Mazinkert (100%) LSTC (100%) Clarton Horn, Spain (100%) Clarton Horn, Morocco (100%) Clarton Horn, Mexico (100%) CH, Signalakustic (100%) iSYS RTS GMBH (80%) ROKI (49%) TTE DAPS (50%) MNGTL (26%) Denso Ten Minda (50%) KMAC (30%) Auto Component (49%) Yogendra Engineering (49%) TG Minda (48%) MRPL (51%) MITIL (60%) Minda Katolec (51%) Glossary: MIL: Minda Industries Limited MKL: Minda Kyoraku Limited MACL: Minda Auto Component Limited MDSL: Minda Distribution and Services Limited MKAWL: Minda Kosei Aluminum Wheel Private Limited RIPL: Rinder India Private Limited MSBPL: Minda Storage Batteries Private Limited PTMA: PT Minda Asean Automotive, Indonesia MIVCL: Minda Industries Vietnam Company Limited LSTC: Light & Systems Technical Centre S.L. Spain ROKI: ROKI Minda Co. Pvt. Ltd. METL: Minda Emer Technologies Limited Riduco: Rinder Riduco, S.A.S., Columbia MNGTL: Minda NextGen Tech Ltd MRPL: Mindarika Private Limited KMAC: Kosei Minda Aluminum Company Pvt Ltd TG Minda: Toyoda Gosei Minda India Private Limited PTMT: PT Minda Trading, Indonesia UNO MINDA 42/43#43Contact Us For further information, please contact: Company: Investor Relations Advisors: Minda Industries Ltd. CIN L74899DL1992PLC050333 Mr. Tripurari Kumar GM Finance [email protected] www.unominda.com Strategic Growth Advisors Pvt. Ltd. CIN U74140MH2010PTC204285 Mr. Jigar Kavaiya +91 99206 02034 [email protected] www.sgapl.net UNO MINDA 43/43