JT~KT

JTEKT INDIA LlMITED Head Office: M3M Cosmopolitan, JT-EKT

(Formerly known a.<> Sona Koyo Steering System~ Untitcd)
1st Floor, Sector-66, Ramgarh Road,
(Adjacent to Golf Com~c Exlemiion Road), Koyo f iD1
Gurugram - 122 002, Haryana, India.
Tel : +91124 478 3100, Fax : +91124 478 ::1199.
21st May, 2019

The BSE Limited National Stock Exchange of India Ltd.

Department of Corporate Services Exchange Plaza, 5th Floor,
Floor 1, New Trading Ring Plot No. C/1, G Block
Rotunda Building. P.J. Towers Bandra - Kurla Complex
Dalal Street, Fort Bandra (E)
Mumbai 400 001. Mumbai 400 051.
Scrip Code - 520057 Symbol - JTEKTINOIA; Series - EQ

Sub : Presentation for Analyst and Institutional Investors for the fourth quarter/ year ended ended 31st
March, 2019.

Dear Sir,

Pursuant to applicable regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, enclosed please find herewith a presentation that shall be shared with the Analyst and
Institutional Investors with respect to the Audited Financial Results for the fourth quarter I year ended
31st March, 2019.

This is for your information and record.

Thanking you,

Yours faithfully,
For JTEKT INDIA LIMITED

~NITIN SHARMA
COMPANY SECRETARY

Regd. Office : UGF·6, Indra Prakash 21, Barakhamba Road, New Delhi - 110 001, India.
Tel : +91 11 2331 1924 I 2332 7205, Telefax : +91 11 2:~32 7205
CJN : L2911'.lDL1984PLC018415, Website : www.jtekt.co.in

Works : 38/6, Delhi.Jaipur Road, NH-8, Gurugram -122 001, Haryana, India.
Tel : +91 124 468 5000, Fax: +91124 410 4611 I 4104621.
 JTEKT India Ltd
Investor Presentation – May 2019

PROPERITY & CONFIDENTIAL JTEKT India Limited 1

 1 Performance Review - Standalone 4

2 Performance Review - Merged Financials 6

3 Performance Review - Consolidated 8

4 Key Ratios -Impact of Merger on Financials 9

4 Operational Highlights 11

5 Financial Statements 12

6 About Us 14

PROPERITY & CONFIDENTIAL JTEKT India Limited 2

 Performance Review-Standalone

Page 3
PROPERITY & CONFIDENTIAL JTEKT India Limited
Standalone FY19
Revenue Operating Profit & Margin PAT & PAT Margin
14000 12928 700 10% 600 8.0%
625 645
12078 9%
12000 600 492 7.0%
500
7% 8%
7% 6.0%
10000 500 7%
400 4.5% 4.4%
5% 5.0%
5% 6%
8000 7% 400
3.3% 308 3.8% 60%
5% 300 4.0%
6000 YOY 300 251 YOY 4% 2.6% YOY
221 3.0%
3487 200 155
4000 3205 200 3% 144
2.0%
2%
2000 100 100
1% 1.0%

0 0 0% 0 0.0%
Q-4 (F-18) Q-4 (F-19) FY-18 FY-19 Q-4 (F-18)Q-4 (F-19) FY-18 FY-19 Q-4 (F-18) Q-4 (F-19) FY-18 FY-19

Total Revenue increased 7% YOY in FY19 at 12078 Mn compared to Rs. 12928 mn in FY19.

Operating Profit at Rs. 625 mn in FY18 compared to Rs. 645 mn in FY19 :

Margin improved due to increase in revenue.

PAT at Rs. 308 mn in FY18, up 60% compared to Rs. 492mn (includes dividend of Rs. 99 mn
received from subsidiary and associate)
On account of reduced finance charges by 26.02% and reduced Depreciation expense by 13.23%
PROPERITY & CONFIDENTIAL JTEKT India Limited 4
 Performance Review- Merged
Financials

Page 5
PROPERITY & CONFIDENTIAL JTEKT India Limited
 Merged Financials FY19
Revenue Operating Profit & Margin PAT & PAT Margin

20000 1500 15.0% 800 9.0%

17731
18000 16159 8.0%
15253 1300 13.0% 700
16000 7.0%
600 5.6%
14000 1100 11.0%
9.1% 4.9% 6.0%
12000 900
8.4%
1.3% 9.0%
500 14%
3.9% 5.0%
10000 9.7% 6.8% 6.7% 400 3.7% 3.7%
YOY
8000 YOY 700
6.2% YOY 7.0% 4.0%
300
3.0%
6000 4261 4810 500 5.0% 200
2.0%
4000
300 3.0% 100 1.0%
2000 239 234 561 601 684
100 386 404 1031 1088 1102 1.0% 0 0.0%
0
Qtr-4 Qtr-4 FY-18 FY-18 FY-19
Qtr-4 Qtr-4 FY-18 FY-18 FY-19 -100 Qtr-4 Qtr-4 FY-18 FY-18 FY-19 -1.0%
(Effective (Full)
(Effective (Full) (Effective (Full)
Date of Date of
Date of
Control) Control)
Control)

Total Revenue increased 9.7% YOY in FY19 at 17731 Mn compared to Rs. 16159 mn in FY19.

Operating Profit at Rs. 1088 mn in FY18 compared to Rs. 1102 mn in FY19 :

Margin improved due to increase in revenue.

PAT at Rs. 601 mn in FY18, up 14% compared to Rs. 684mn in FY19

On account of reduced finance charges by 28% and reduced Depreciation expense by 7%

PROPERITY & CONFIDENTIAL JTEKT India Limited 6

 Performance Review-
Consolidated

Page 7
PROPERITY & CONFIDENTIAL JTEKT India Limited
Consolidated FY19
Revenue Operating Profit & Margin PAT & PAT Margin

18000 1280 9.9% 800 4.5%

17540 4.5%
17500 1260 780 4.5%
8.9%
760 4.5%
17000 1240 7.7% 7.6% 740
2.6% 7.2% 7.9% 4.4%
16500 16099 9% 1220 720 10% 4.4%
16000 YOY 1200 YOY 6.9% 700
4.4% 4.4% YOY 4.4%
15500 15193 1180
5.9%
680
4.4%
660
15000 1160 4.4%
640
4.9%
14500 1140 620 4.4%
1168 1225 1257 670 710 782
14000 1120 3.9% 600 4.4%
FY-18 (Effective FY-18 Full Year FY-19 FY-18 FY-18 Full Year FY-19 FY-18 FY-18 Full Year FY-19
Date of (Effective Date (Effective Date
Control) of Control) of Control)

* FY-18 Effective date of control by JTEKT -22nd Jun 2017 and comparison made with full year which has not published result.

Total Revenue increased 9% YOY in FY19 at 16099 mn compared to Rs. 17540 mn in FY19.

Operating Profit at Rs. 1225 mn in FY18 compared to Rs. 1257 mn in FY19 :

Margin improved due to increase in revenue.

PAT at Rs. 710 mn in FY18, up 10% compared to Rs. 782 mn in FY19

On account of reduced finance charges by 27%.
PROPERITY & CONFIDENTIAL JTEKT India Limited 8
Key Ratios : Impact of Merger on Financials
Debt Equity Net Worth [Rs. in Mn]
1.30 6,000
5,743
1.10 5,000
0.90
0.72 4,000 3,550
3,175
0.70
0.53 3,000
0.50
0.33 2,000
0.30
1,000
0.10
-
(0.10)
FY-18 FY-19 FY-19 FY-18 FY-19 FY-19
Standalone Merged Entity Standalone Merged Entity

Operating Profit Fixed Assets Turnover Ratio

1400 6.00
6.2%
1200
5.00
1000
5.2% 5.0% 4.00
3.27 3.52
800 2.96
3.00
600
1102
400 2.00
625 645
200 1.00

0 -
FY-18 FY-19 FY-19 FY-18 FY-19 FY-19
Standalone Merged Entity Standalone Merged Entity

Page 9
PROPERITY & CONFIDENTIAL JTEKT India Limited
 Operational Highlights

Page 10
PROPERITY & CONFIDENTIAL JTEKT India Limited
Product Wise & Geographic Sales Mix

Product Wise Sales Mix* Geographic Sales Mix Product Revenue Breakup

FY-18 FY-18 FY-18

RPS M, 18%
8%
16% Others,
Axle, 9% 19%

84% 92%
Coloumn,
5%
CEPS, 38%
HPS, 10%
Drivline Steering & Coloumns Exports Domestic

FY-19 FY-19 FY-19

8% RPS M, 18%
14% Others, 16%

Axle, 10%

86% 92% Coloumn,

6%
CEPS, 40%
HPS, 10%
Drivline Steering & Coloumns Exports Domestic

Note : Breakup on standalone basis.

PROPERITY & CONFIDENTIAL JTEKT India Limited11

 Financial Statements

Page 12
PROPERITY & CONFIDENTIAL JTEKT India Limited
P&L –Merged (JIN+JSAI)

Table of content Rs/Million

Merged
Merged
Q4 F18 Q4 F19 YOY % F-18 (Full YOY %
F-19
Particulars Year)
Sales Revenue 4261 4810 13% 16159 17731 10%
Material Cost 2805 3284 17% 10823 12144 12%
Manufacturing Cost 227 248 9% 860 994 16%
Selling Cost 43 49 14% 207 306 48%
Employee Cost 422 462 9% 1747 1836 5%
Administrative Cost 150 136 -9% 458 443 -3%
EBITDA 613 631 3% 2064 2008 -3%
Depreciation 227 227 0% 977 906 -7%
Operating Profit 386 404 5% 1088 1102 1%
Financial Cost 44 41 -7% 216 155 -28%
Other Income 23 28 18% 79 126 59%
PBT from Operations 366 391 7% 951 1073 13%
Profit After Tax 233 241 3% 617 686 11%
PAT after recognising IND AS Impact 239 234 -2% 601 684 14%
* Effecti ve date of control by JTEKT -22nd Jun 2017 & FY-18 full year numbers are not based on publi s hed res ul ts.

Merged F-
Merged F-
Key Ratios as a % of Total Revenue Q4 F18 Q4 F19 18 (Full
19
Year)
EBIDTA 14.4% 13.1% 12.8% 11.3%
Operating Profit 9.1% 8.4% 6.7% 6.2%
PAT 5.6% 4.9% 3.7% 3.9%
Total Expenditure 86% 87% 87% 89%
Raw Material 65.8% 68.3% 67.0% 68.5%
Staff Cost 9.9% 9.6% 10.8% 10.4%
Other Expenditure 10% 9% 9% 10%

PROPERITY & CONFIDENTIAL JTEKT India Limited13

About JTEKT India Limited
(Company Background)

Established in 1984, JTEKT India Limited (formerly known as Sona Koyo Steering Systems
Limited) (JIN) is currently the largest manufacturer of steering systems for the passenger car
and utility vehicle market in India, catering to passenger cars, utility vehicles and light
commercial vehicles. The Company gets its technology from JTEKT Corporation, Japan
(formally known as Koyo Seiko Co. Ltd.), the largest producer of passenger vehicles' steering
systems in the world.

JIN's customer base includes major vehicle manufactures in India such as Maruti Suzuki,
Toyota, Tata Motors, Mahindra & Mahindra, General Motors, Fiat India, Isuzu Motors, Renault
India and Tier II to Honda and Nissan.

The Company has operations across India through its 8 Plants (2 plants in Gurgaon, 3 plants in
Dharuhera, 1 plant in Chennai, 1 in Sanand & 1 in Bawal).

The product portfolio of the company includes High performance Rack and Pinion Manual
Steering Gear, Hydraulic power steering System, Recirculating Ball Screw Assembly, Column
type Electric Power Steering for passenger Vehicle , Tilt & telescopic steering column,
intermediate shaft , Advanced column & telescopic Intermediate shaft for Commercial
Vehicles, Electric Power Assist Module (EPAM) for Off Highway and Farm Sector, Rear Axle
Assy and Driveline products.

PROPERITY & CONFIDENTIAL 14 JTEKT India Page

Limited
14
 About JTEKT Corporation Japan

PROPERITY & CONFIDENTIAL 15 JTEKT India Page

Limited
15
About JTEKT Corporation
(Company Background)

JTEKT Corporation was established in January 2006 through the merger of Koyo Seiko Co. Ltd.,
a world-class bearing manufacturer, and Toyoda Machine Works, Ltd., a machine tool
manufacturer excelling in world-leading technologies. Combining the most advanced
technologies and the manufacturing passion of the two companies, JTEKT is now a trusted
systems supplier of automotive components, bearings and machine tools, providing customers
with world-class products.

They pioneered the successful development and mass production of electric power steering
systems, and they still hold No.1 share in the global market today. They were also the first
manufacturer in Japan to develop high-precision, durable bearings capable of reliable
performance in severe environments such as steel rolling mills, where temperatures exceed
1,200°C, thereby contributing to the expansion of various industries.

The JTEKT Group introduced JTEKT Group Vision, a common guideline for its employees
worldwide. By refining the No.1 & Only One technologies and products that they have
produced to date and providing the products and services sought by their customers, They
continue contributing to the realization peoples' happiness and a more affluent society.

On consolidated basis, the Company had 49,600 employees (as of March 2019) and JTEKT
globally present in 30 countries and having 152 subsidiaries.

Company Philosophy: Seek to contribute to the happiness of people and the abundance of
society through product manufacturing that wins the trust of society.

16 One”
Shaping a Better Future through the spirit of “No. 1 & Only Page 16
The Journey Begins Now

Page 17