Jamna Auto Industries Ltd

1/16

Company Profile

r subtitle style

9/4/2015 2

Market Capitalization

INR 800 Cr Approx. (Share Price INR 200/-)

Production Spring Capacity

2013 – 150,000 MT 2014 – 180,000 MT

Alliance Ridewell (USA) – Air Suspension & Lift Axle

Manufacturing Plants 6 Plants in 5 States

Listed in Stock Exchange

BSE – 520051, JAMNAUTO NSE – JAMNAAUTO

Sales

3rd in the World

2

Jamna Auto Industries Ltd

Jamna Auto – INR 1200 Cr

2/16

r subtitle style

9/4/2015 3

Global Spring Manufacturers Global Leaf Market Scale

3

Current

1980’s Leaf Spring Manufacturer Base Country CapacityNHK Spring Co. Ltd. Japan 2,00,000Delphi USA 1,00,000Eaton/Oxford Canada 1,00,000Krupp Germany 40,000Hendrickson USA 40,000DSP USA 40,000Rejna Europe 40,000Hoesh Germany 30,000Sarfedern Germany 20,000Johns Woodhead UK 10,000

Indian Market Scenario

Leaf Spring Manufacturer Base Country CapacityRassini Mexico 2,50,000Hendrickson Canada & Mexico 1,90,000Jamna Auto Industries Ltd. India 1,80,000NHK Spring Co. Ltd. Japan & Thiland 1,50,000Ventanna Eurpoe 1,10,000Dong Feng China 1,05,000FAW China 1,00,000MBHA Spain 36,000Olgin Turkey 28,000LPDN Eurpoe 24,000

3/16

Jamna Auto64%

Toyo15%

Friends Auto7%

Soni3%

Agya Auto3%

Vikrant4% Others

4%

r subtitle style

9/4/2015 4 4

Jamna Auto Industries Ltd - Share Holding

4/16

Promoters

Foreign Corporate Bodies

General Public

Other Companies

Foreign - NRI

Foreign Institutions

Others

NBFC and Mutual Funds

Financial Institutions

Category No. of Shares Percentage

Promoters 1,74,09,830 43.81

Foreign Corporate Bodies 1,34,63,653 33.88 * General Public 74,65,638 18.79

Other Companies 6,54,271 1.65

Foreign - NRI 1,45,069 0.37

Foreign Institutions 2,59,815 0.65

Others 2,27,210 0.57

NBFC and Mutual Funds 1,04,345 0.26

Financial Institutions 9,150 0.02 Total 3,97,38,981 100.00

* Foreign Corporate Bodies %28

NHK Spring Co, Japan 6 Total 34

Clearwater Capital (Cyprus & Singapore)

r subtitle style

9/4/2015 5

Industry Leader (in India) ~ nearest Competitor 11% Market Share

Manufacturing More Than 400 Parts OEM Market Share 64%, OEM Share in Parabolic: 95%

Manufacturing more than 350 Parts

Industry Leader (in India) nearest competitor 15 % Market Share

Strategically located all over India

FY 15 Sales INR 1200 Cr & Installed Capacity 180,000 MT p.a.

JAI’s Strength

5/16

9/4/2015 6

Conventional Leaf spring

Parabolic Leaf Spring Lift Axle

Current Products

Air Suspension

Products

6/16

r subtitle style

9/4/2015 7

Locations

Yamuna Nagar

Malanpur

Chennai

Jamshedpur

Pant Nagar

Hosur

Products

Leaf Spring

Parabolic Spring

Lift Axle

Air Suspension

Markets

OE India

AM India

OE – Exports

AM – Exports

6 Locations 4 Products 4 Markets

Assembly Plants

Main Plants

* OE India- Original Equipment Manufacturer

* AM India – After Market India

Presence

Serving more than 20 OEM Customer Locations in India 7/16

r subtitle style

9/4/2015 8

Domestic Customers

Exports Customers

8/16

r subtitle style

9/4/2015 9

TATA Motors

TATA Motors

Pant Nagar

Bhuj

1. TATA Motors

2. Ashok Leyland

Ropar

Indore

Bangalore

1. VOVLO

2. Ashok Leyland

3. Kamaz Vectra

4. Leyland Nissan

5. Scania

Chennai 1. Ashok Leyland

2. Bharat Benz (Daimler)

3. Renault Nissan

4. Ford India

5. ISUZU

OEM Plants

JAI &OEMs Presence in India

AMW

Lucknow

Jamshedpur

JAI – Chennai

JAI – Jamshedpur

JAI – Pantnagar

JAI – Yamuna Nagar

JAI – Gwalior

JAI – Hosur

JAI Existing Plants

SML ISUZU

1. VECV

2. Force Motors

3. MTI

9/16

Pune TATA Motors

Alwar Ashok Leyland

Jamna Auto Industries Ltd

Q1 Update

2015-16

10/16

Jamna Auto Industries Ltd Q1 Highlights

• Upgradation of Credit Ratings by ICRA - Long Term Rating from A- to A - Short Term Rating from A2+ to A1 Ratings further improved in July 2015 - Long Term from A to A+ - Short Term from A1 to A1+

• Healthy Liquidity Position

INR in Cr

Unutilized Working Capital Limits (PO Finance & Cash Credit)

40

BOE/Discountable Invoices in hand (Volvo, Nissan, SML, VE Commercial)

9

Balance in Current Accounts 5

Total 54

Since Jamna is into CV Industry which is cyclical in nature, these funds will be used for better cash flow management

during down trend

LT ST

Oct 12 D D

Mar 13 BB+ A4+

Jul 13 BBB- A3

Jun 14 BBB A2

Sep 14 A- A2+

Apr 15 A A1

Jul 15 A+ A1+

Note: Above liquidity is after Steel Buying of INR 50 Cr done on Cash Discount basis in Q1 11/16

Jamna Auto Industries Ltd Borrowing Trend

Note: Long Term Debt as on 31.03.2015 includes one year Term Loan liability of INR 38 Cr

93 105

62 52

44

71

18

0

12 -

164

123

62 63

44

-

20

40

60

80

100

120

140

160

180

M A R 2 0 1 3 M A R 2 0 1 4 M A R 2 0 1 5 J U N - 1 5 A U G - 1 5

Long Term

Short Term (WC)

Total Borrowing

INR in CrINR in Cr

12/16

Commercial Vehicle Trends & Market Share Jamna Auto Industries Ltd

Q1 2014-15

Q1 2015-16

Q1 Growth

Growth in 2014-15

M & HCV Production (Nos.)

62,327 75,053 20.4% 21%

LCVs (Nos.) 1,02,841 98,833 -3.9% -10%

Vehicle Production (Nos.)

1,65,168 1,73,886 5.3% -0.3%

Spring Demand (MTs) 36,304 42,898 18.2% 20%

JAI 's Business (MTs) – OEM 22,886 27,455 20% 33%

Market Share (%) 63 64 1.6% 6%

JAI’s presence

13/16

Jamna Auto Industries Ltd Sales Comparison (In MTs)

Springs (Figures in MT)

2014-15 2015-16 2014-15Q1 Q1 FY

OEM 22,886 82.9% 27,455 83.4% 1,04,032 82.8%Replacement 4,707 17.1% 5,449 16.6% 21,565 17.2%

Total 27,593 100% 32,904 100% 1,25,597 100%

Growth 19%

Lift Axle (Nos.) 2014-15 2015-16 2014-15Q1 Q1 FY

924 3,750 6,940

Net Sales (INR in Cr) 2014-15 2015-16 2014-15

(Standalone) Q1 Q1 FY

210 254 979

Growth 21%

Net Sales (INR in Cr) 2014-15 2015-16 2014-15

(Consolidated) Q1 Q1 FY

235 290 1,095

Growth 23%

%% %Segment

14/16

Jamna Auto Industries Ltd Financial Results

Q1 - Standalone Q1 - ConsolidatedINR in Cr INR in Cr

2014-15 2014-15 2015-16 Growth* 2014-15 2014-15 2015-16 Growth*FY Q-1 Q-1 in % FY Q-1 Q-1 in %

Net Sales 979.2 210.1 254.2 21% Net Sales 1,095.0 235.0 290.1 23%

Export Sales 10.8 4.4 2.7 -39% Export Sales 10.8 4.4 2.7 -39%

EBITDA 86.0 16.1 27.7 72% EBITDA 96.5 18.9 30.2 60%

Operating Margin 56.7 9.9 19.9 101% Operating Margin 65.4 11.9 21.9 83%

PBT 39.8 5.7 16.9 196% PBT 47.4 7.6 18.7 148%

PAT 29.4 5.2 13.9 168% PAT 29.4 5.5 12.8 135%

Cash Accruals 58.7 11.4 21.7 91% Cash Accruals 60.5 12.4 21.1 70%

EBITDA Margin (%) 8.8% 7.7% 10.9% 42% EBITDA Margin (%) 8.8% 8.1% 10.4% 29%

Operating Margin (%) 5.8% 4.7% 7.8% 66% Operating Margin (%) 6.0% 5.1% 7.5% 48%

PBT (%) 4.1% 2.7% 6.6% 144% PBT (%) 4.3% 3.2% 6.5% 101%

PAT (%) 3.0% 2.5% 5.5% 121% PAT (%) 2.7% 2.3% 4.4% 90%

Cash Accruals 6.0% 5.4% 8.5% 57% Cash Accruals (%) 5.5% 5.3% 7.3% 38%

* Growth over Q1 of 2014-15 * Growth over Q1 of 2014-15

15/16

Thank You

16/16