PPAP Automotive Limited

(Formerly Precision Pipes & Profiles Company Limited)

Taking Challenges, Together

INDEX
Quarterly Highlights

Company Overview

Core Strengths & Growth Strategy

Our Products

Facilities Overview

Customer Profile

Awards

Financial Overview
2
QUARTERLY HIGHLIGHTS
All figures in Crore

84.23 6.33
71.78 15.99
12.05 3.51

Q3FY16 Q3FY17 Q3FY16 Q3FY17 Q3FY16 Q3FY17

Total Income EBITDA PAT

Q3FY17 Income includes Tool sales of 9.88 crore vs. 2.18 crore of Q3FY16
EBITDA Margin is at 18.98%
Started supplies for IGNIS to Maruti & New Fortuner to Toyota
Entry into two wheeler segment - Added Suzuki Motorcycles to list of customers for injection parts
Won award for the product BSM Baleno - excellence in automotive category in the small enterprises organized
by the Economic Times ET Polymers Awards 2017

3
INDEX
Quarterly Highlights

Company Overview

Core Strengths & Growth Strategy

Our Products

Facilities Overview

Customer Profile

Awards

Financial Overview
4
BRIEF PROFILE
PPAP Automotive Limited (PPAP) is a leading manufacturer of Automotive Sealing Systems, Interior and Exterior
Injection parts in India

State of the art manufacturing facilities located at Noida (UP), Greater Noida (UP), Chennai (Tamil Nadu) and Pathredi
(Rajasthan). All the plants are TS 16949, ISO 14001 and OHSAS 18001 certified

Technical partnership with :-

Tokai Group for Automotive Sealing System (Plastic) and Toolings
JV with Tokai Group for Automotive Sealing System (EPDM Rubber and TPV)
Ichimiya Group for Injection Molded Products

Over 500 different products manufactured and targets to achieve zero failure ppm in Quality and Delivery
performance

Integrated operations from Print to Build. Challenging spirit and focus on Continuous Improvement. Strong and
committed workforce aligned to achieve Companys Targets.
5
GENERAL INFORMATION

SHARE HOLDING AS ON 31ST DECEMBER 2016

1.61 1.23 2.61

22.45

8.64 63.46

Promoters Bodies Corporate

Individuals Foreign Companies
Foreign Portfolio Investor (Corporate) Others

6
MANAGEMENT PROFILE
Ajay Kumar Jain - Chairman & Managing Director
Commerce graduate from the Shri Ram College of Commerce, University of Delhi
Has been associated with the company since inception
Experience of over 40 years in the Polymer processing industry
Experience of over 30 years in the Automotive industry
President of Toyota Kirloskar Supplier Association

Mr. Abhishek Jain Executive Director

B.E. in Industrial Engineering from Purdue University (USA)
Before joining the company has worked in USA
Responsible for conducting the operations of the Business
Member of Executive Committee of Honda Suppliers Club

Mr. Manish Dhariwal - Chief Financial Officer

Graduated with a degree in B.Com (Hons.) from Delhi University
Member of Institute of Chartered Accountants of India
Work experience over two decades
Has worked with Lazard India, IL&FS and Group Mega 7
MISSION, VISION & VALUES

8
JOURNEY
1978 1985 1989 1996 2002

Company Start of the Technological tie up Established Plant - I Certification of TS

Incorporated Automotive Business with Tokoi Kogyo (Noida) 16949 and ISO
Added Maruti Suzuki Co., Japan Added Honda Cars as 140001
as customer customer

2007 2006 2005 2004 2003

Technological tie Added Tata Motors Added Toyota as Added General Established Plant -
up with Nissen as customer customer Motors as II (Noida)
Chemitec Certification of customer
Corporation, Japan OHSAS 18001

2008 2010 2012 2014 2015

Listed on BSE/NSE Added Renault Established Plant V Established Plant Technological tie up
Established Plant - Nissan and Ford (Chennai) IV (Pathredi) with Tokoi Seiki Co.,
III (Greater Noida) India as customer Japan
Added M&M as Added Isuzu Motors
customer as customer

9
TECHNOLOGY PARTNERS

NISSEN CHEMITEC CORPORATION, JAPAN

Established: 1951
TOKAI KOGYO CO. LTD, JAPAN Global Presence: USA, Thailand, Indonesia,
Established: 1947 Singapore
Global Presence: USA, Thailand, Indonesia,
China, Mexico, Vietnam

AUTOMOTIVE SEALING SYSTEM INJECTION MOLDED PRODUCTS

RELATIONSHIP WITH PPAP SINCE 1989 RELATIONSHIP WITH PPAP SINCE 2007
10
INDEX
Quarterly Highlights

Company Overview

Core Strengths & Strategy

Our Products

Facilities Overview

Customer Profile

Awards

Financial Overview
11
CORE STRENGTHS

Leadership Position Strong Customer Base

Indias leading manufacturer Leading OEM manufacturers in
of Automotive Sealing Systems Indian Market are customers

Access to Global Technology State-of-the-art manufacturing facilities

Relationship with Japanese Focus on Kaizen towards Technology
Technology Partners since and Operations. Strategically located
1989 manufacturing plants for Customers

Strong R&D Facilities Healthy Financials

Capability from Design to Cost sensitive Culture
Print

12
GROWTH STRATEGY

1 2

Improve Operational Efficiency Optmization of Asset Utilization

International Benchmarking Impossible for

Our Mantra - "Every Paisa Counts"
Improve margin realization
Improve OEE (Overall Equipment
Efficiency)
Competition to
driven by cost optimization &
operating leverage Catch up
3 4
Perpetual
Focus on increasing customer base Optimization of Investments
sustainable
Extend leadership position across
development
Timing, Efficiency and Best Value
OEMs
Proposition Review
Expand product base

13
INDEX
Quarterly Highlights

Company Overview

Core Strengths & Growth Strategy

Our Products

Facilities Overview

Customer Profile

Awards

Financial Overview
14
PRODUCT - MILESTONES

1989 Start of technology

partnership with Tokai Kogyo

2007 Start of technology Injection Molded Parts

partnership with Nissen Chemitech Interior, Exterior Door
Lining Assembly
2012 Start of JV Company - PTI
2014
Injection Molded Parts
Interior, Exterior & Under 2009
Body Parts
2008 Glass Run Channel, Back Door
Opening & Trim Door Opening Parts

Extrusion Parts 2006

1997 Injection Molded Parts Interior,

Exterior Rear Tray Assembly
1985 Injection Molded Parts Side Protector

15
SEALING SYSTEMS

ROOF MOULDING TRIM DOOR OPENING

BACK DOOR /
TRUNK SEAL
MOULDING
WINDSHEILD
PVC
TPO
EPDM DOOR
OPENING
SEAL

AIR SPOILER GLASS

RUN
CHANNEL
OUTER BELT INNER BELT SLIDE RAIL PRODUCTS MADE
BY PTI (JV) 16
BLACK/BRIGHT
INJECTION MOLDING PRODUCTS

FR-PILLAR CTR-PILLAR RR -PILLAR REAR TRAY

PARTITION

UNDER HOOD PRODUCTS

IN CABIN PRODUCTS
LINING RR PANEL

SIDE PROTECTORS

17
SPLASH GUARD DOOR LINING FENDER INNER TRUNK LINING
INDEX
Quarterly Highlights

Company Overview

Core Strengths & Growth Strategy

Our Products

Facilities Overview

Customer Profile

Awards

Financial Overview
18
MANUFACTURING FACILITIES
CERTIFICATIONS HUMAN RESOURCE
TS 16949
ISO 14001 TEAM STRENGTH : 1716
I OHSAS 18001 Pplanm E E
23%
DIRECT
INDIRECT
77%
PLANT IV PLANT I PLANT II
PATHREDI, 2014 NOIDA,1996 NOIDA,2003

INDIRECT 23%
E PLASTIC EXTRUSION R I NO OF TEAM MEMBERS
I INJECTION
DESIGN & DEVELOPMENT 45
R RUBBER EXTRUSION
TOOL MANUFACTURING 12
A ASSEMBLY
SPECIAL PURPOSE MACHINE 5
A PLANT III STAFF 340
SURAJPUR, 2008
[PRODUCTION, QUALITY, PURCHASE, ACCOUNTS,
MARKETING, HR & IT]

ATTRITION
S NO TYPE FY 2015-16
REGISTERED OFFICE
PLANT V MANUFACTURING FACILITY 1 COMPANY ROLL 4.0 %
CHENNAI, 2012
FUTURE PLANNING 2 CONTRACTOR ROLL 9.8 %
19
DESIGN AND DEVELOPMENT

Product Design
Tool Design
Checking Fixture Design
Design Validation
Special Purpose
Machines Design &
Manufacturing 20
EXTRUSION INFRASTRUCTURE

PVC / TPO MATERIAL EPDM & TPV MATERIAL

13 Extrusion Lines 1 Kneader Mixing Plant (2nd Mixing)
Flocking Lines 1 EPDM Line
Assembly Lines 1 TPV Line

JV COMPANY PPAP TOKAI INDIA RUBBER PRIVATE LIMITED 21

INJECTION MOLDING INFRASTRUCTURE

32 machines including 8 Gas-assisted

Range: 60 tons 2,500 tons
Make: Toshiba, Nissei, JSW, Fanuc, Toyo, Mitsubishi
22
TOOL & MACHINE MANUFACTURING

IN HOUSE TOOL ROOM

CNC Machines
Wire Cut (Sodick)
EDM
CNC Lathe
CNC Milling

Outsourcing of Toolings from:

Local
China
Taiwan

23
TESTING AND VALIDATION

Raw Material Testing

Part Performance Testing
Test Machines
Universal Testing Machine
Impact Strength Testing Machine (Izod/ Charpy)
Hardness Tester
Specific Gravity
MFI Testing Machine
Muffle Furnace for Ash Content
Viscosity Meter
Heat / Cold Conditioning Chambers
Salt Spray Tester
Profile Projector
Abrasion Tester
Humidity Chamber up to 95 % RH
Heat Stability Machine
Low Temperature Impact Testing Machine
Salt Spray testing 24
INDEX
Quarterly Highlights

Company Overview

Core Strengths & Growth Strategy

Our Products

Facilities Overview

Customer Profile

Awards

Financial Overview
25
MODELS

26
CUSTOMERS
INDIA

ARGENTI
NA BUSINESS SHARE
< 02 YRS

VENEZUEL
A > 29 YRS > 19 YRS

< 02 YRS
TATA OTHERS
SOUTH 1% 1%
AFRICA
GM
TKML
1% NISSAN
4%
< 02 YRS > 11 YRS 9%
MSIL
45%
THAILAND
EUROPE

> 04 YRS > 06 YRS HCIL

39%
MEXICO
> 06 YRS > 02 YRS
> 09 YRS > 03 YRS
> 03 YRS

JAPAN > 02 YRS BRAZIL

> 11 YRS
> 04 YRS < 01 YRS MSIL HCIL TKML GM TATA NISSAN OTHERS
> 05 YRS > 05 YRS
INDEX
Quarterly Highlights

Company Overview

Core Strengths & Growth Strategy

Our Products

Facilities Overview

Customer Profile

Awards

Financial Overview
28
29
CUSTOMER APPRECIATION

TOYOTA MOTOR CORPORATION HONDA CARS INDIA LIMITED

30
TOYOTA KIRLOSKAR MOTOR INDIA PVT LIMITED MARUTI SUZUKI INDIA LIMITED
INDEX
Quarterly Highlights

Company Overview

Core Strengths & Growth Strategy

Our Products

Facilities Overview

Customer Profile

Awards

Financial Overview
31
QUARTERLY FINANCIAL PERFORMANCE
85.00 20.00%
18.98%
18.40% 18.00%
16.78%
16.00%
65.00
14.00%
12.99%
12.00%
11.56%
In Crore

45.00 10.00%
9.11%
8.00%
7.52%
6.43%
4.90% 6.00%
25.00
4.00%

2.00%
71.78 81.97 84.23
5.00 0.00%
Q3FY16 Q2FY17 Q3FY17
TOTAL INCOME EBITDA MARGIN EBIT MARGIN PAT MARGIN

Note - Includes 9.88 Cr. of Tool Sales in Q3FY17 , 2.14 Cr. in Q3FY16, 1.23 Cr. in Q2FY17
32
EXPENSES AS % OF TOTAL INCOME (Quarterly)
85.00 71.78 81.97 84.23
51.87% 55.00%
51.19%
49.97%
50.00%

45.00%
65.00
40.00%

35.00%
In Crore

30.00%
45.00
25.00%

20.00%
16.60% 15.87% 15.54%
25.00 15.00%
14.74% 14.54% 15.51%
10.00%
8.02%
7.32% 7.32%
5.00%
2.35% 1.74% 1.61%
5.00 0.00%
Q3FY16 Q2FY17 Q3FY17

Total Income Materials Employee Expenses Other Expenses Finance Cost Depreciation

Note - Includes 9.88 Cr. of Tool Sales in Q3FY17 , 2.14 Cr. in Q3FY16, 1.23 Cr. in Q2FY17
33
EPS & BVPS (Quarterly)
16.00
13.87
14.00
11.27 11.85
12.00
In . Per Share

10.00
8.00
6.00 4.52
3.76
4.00 2.51
2.00
-
Q3FY16 Q2FY17 Q3FY17

EPS EPS (TTM)

165.00
159.63
In . Per Share 160.00 156.62
155.00
149.68
150.00
145.00
140.00
Q3FY16 Q2FY17 Q3FY17

Book Value Per Share

34
NINE MONTHS HIGHLIGHTS
All figures in Crore

43.98
247.20 39.01
225.69
15.17
11.04

FY16' 9M FY17' 9M FY16' 9M FY17' 9M FY16' 9M FY17' 9M

Total Income EBITDA PAT

FY17 9M Income included Tool sales of . 23.28 crore vs. 2.87 crores of FY16 9M.
EBITDA Margin is at 17.80%
Interim dividend of 12.5% (Rs. 1.25 per share)
Started supplies for Kwid for Export Market, Innova, Fortuner, Ignis, Vitara Brezza Petrol, Baleno RS
Entry into LCV segment - Added SML Isuzu for Instrument Panels
Entry into two wheeler segment - Added Suzuki Motorcycles for injection parts
Won award for the product BSM Baleno - excellence in automotive category in the small enterprises organized
by the Economic Times ET Polymers Awards 2017 35
NINE MONTHS FINANCIAL PERFORMANCE
180.00 20.00%
17.79% 18.00%
17.28%
16.00%
160.00
14.00%
In Crore

12.00%
11.09%
140.00 9.95% 10.00%
8.00%
6.14% 6.00%
120.00 4.86%
4.00%
2.00%
225.69 247.20
100.00 0.00%
FY 16'9M FY 17'9M

TOTAL INCOME EBITDA MARGIN EBIT MARGIN PAT MARGIN

Note - Includes 23.28 Cr. of Tool Sales in FY17 9M, 2.88 in FY16 9M 36
EPS & BVPS (NINE MONTHS)
16.00
13.87
14.00
12.00 11.27 10.83
In . Per Share

10.00
7.88
8.00
6.00
4.00
2.00
-
FY16' 9M FY17' 9M

EPS EPS (TTM)

165.00
159.63
In Per Share 160.00
155.00
149.68
150.00
145.00
140.00
FY16' 9M FY17' 9M

Book Value Per Share

37
FINANCIAL PERFORMANCE SNAPSHOT (over last 3 years)

350 20.00%
17.20% 18.00%
300
16.00%
250 14.00%
12.67%
11.26% 12.00%
In Crore

200 10.11%
10.00%
150 7.21%
6.69% 8.00%

100 5.04% 6.00%

3.78%
4.00%
2.21%
50
2.00%
246.76 318.5 302.75
0 0.00%
FY14 FY15 FY16
Total Income EBITDA Margin EBIT Margin PAT Margin

Note - On Standalone basis

38
EXPENSES AS % OF TOTAL INCOME (over last 3 years)

350 70.00%

58.11%
300 60.00%
59.13% 52.95%

250 50.00%

200 40.00%
In Crore

318.5
150 302.75 30.00%

246.76
100 16.27% 15.54% 20.00%
15.20%
14.36% 14.32%
50 12.32% 13.00% 6.76% 10.00%
7.52%
8.00% 2.24%
2.59%
0 0.00%
FY14 FY15 FY16
Total Income Materials Employee Expenses Other Expenses Finance Cost Depreciation

Note - On Standalone basis

39
RETURN RATIOS AND D/E RATIO
12.00%
10.75%
10.00%
8.16%
8.00% 7.13% 7.26%
6.06%
6.00%

4.00%
2.89%
2.00%

0.00%
FY14 FY15 FY16
ROCE ROI
0.45 0.42
0.4 0.35
0.35
0.3
0.25 0.23
0.2
0.15
0.1
0.05
0
FY14 FY15 FY16
Debt/Equity Ratio 40
EPS & BVPS (Over last 3 years)
12.00 10.91
10.00
8.59
In Per Share

8.00

6.00
3.90
4.00

2.00

0.00
FY14 FY15 FY16
EPS
155.00
150.30
150.00
In Per Share 145.00 141.80
140.00
134.93
135.00

130.00

125.00
FY14 FY15 FY16
Book Value Per Share
41
SUMMARY OF CONSOLIDATED FY16 RESULTS

PARTICULARS IN CRORE

TOTAL INCOME 319.72

INCOME FROM OPERATIONS 318.63

EBITDA 52.97

PAT 14.03

NET WORTH 205.53

42
DISCLAIMER
Certain statements in this communication may be forward looking statements within the meaning of
applicable laws and regulations. These forward-looking statements involve a number of risks, uncertainties and
other factors that could cause actual results to differ materially from those suggested by the forward looking
statements. Important developments that could affect the Companys operations include changes in the
industry structure, significant changes in political and economic environment in India and overseas, tax laws,
import duties, litigation and labour relations.

PPAP Automotive Ltd. will not be in any way responsible for any action taken based on such statements and
undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or
circumstances.

43
Mr. Manish Dhariwal (Chief Financial Officer)
PPAP Automotive Limited
Ph: +91-120-2462552 / 53
Email: manish.dhariwal@ppapco.com

Mr. Anand Lalla / Mr. Parin Narichania

Concept Investor Relations
Mo: +91 7506051178 / 9930025733
Email: anand@conceptir.com / parin@conceptir.com

Website : www.ppapco.in

44