Federal-Mogul Goetze (India) Ltd

- There is no explicit mention of any current or future fundraising through debt or equity in the transcript. - The management emphasized preserving cash and generating cash during the uncertain scenario caused by COVID and semiconductor shortages. - They are continuing to invest internally with CAPEX plans higher than the previous year but have not indicated raising external funds through debt or equity. - Dividend payout policy is flexible and depends on available surplus and fund requirements but no specific fundraising mentioned. - Focus remains on operational efficiencies, working capital management, and organic growth rather than external fundraising.

- The company is continuing to invest despite uncertain times caused by COVID and semiconductor shortages. - Current year CAPEX is higher than the previous year, with plans for even greater CAPEX in FY 2022-23. - Capex is focused on supporting growth and leveraging India as a global base to serve customers, including exports. - Investments include technology upgrades, casting lines from the parent company, and operational efficiencies. - The company aims to achieve high single-digit to double-digit growth numbers next year. - The management emphasizes balancing cash preservation with ongoing investments to capture global consolidation opportunities in the automotive sector. - Strategic investments are targeted to support electrification trends, flex fuel policy, and higher content value hybrid vehicles.

- The company expects a positive growth trajectory over the next 3-5 years, targeting high single-digit to double-digit growth in sales/revenue. - Despite a declining market in some segments (e.g., two-wheelers), Federal-Mogul Goetze is expanding its market share within these segments. - Investment in new products and technologies, especially related to turbo engines, flex-fuel policies, and hybrid vehicles, is ongoing to drive growth. - CAPEX for FY22 and FY23 is planned to be higher than the previous years, signaling continued investment into capacity and technology. - The company focuses on leveraging India's position as a base for global customers, with an emphasis on exports and deemed exports. - Growth opportunities exist in stringent emission norms, flex fuel vehicles, mild hybrids, and commercial vehicle segments. - Recovery expected as semiconductor supply improves and COVID-related disruptions ease, with Q4 FY22 showing better utilization and order visibility.

- The company expects growth in the range of high single-digit to double-digit over the next 3-4 years. (Vinod Kumar Hans, Page 11) - Despite a shrinking industry pie in some segments (e.g., two-wheelers), Federal-Mogul Goetze’s market share is expanding due to export ambitions and product portfolio shifts. (Page 11) - Investment is increasing year-on-year, with CAPEX for 2022-23 planned to be 10-20% higher than the previous year, aimed at capturing growth opportunities. (Pages 11-12) - Utilization rates are expected to improve from around 70-75% in Q3FY22 to approximately 85%, assuming easing of semiconductor supply constraints. (Page 8) - Operational efficiencies and cost optimization initiatives are in place to support profitability, despite current pressures from raw material inflation and inventory absorption costs. (Page 12) - Export margins are improving, especially in commercial vehicles, which will aid bottom-line growth. (Page 12) - Uncertainties remain due to COVID and semiconductor shortages, but visibility is improving from Q1FY23 onward. (Pages 8-9, 12)

- The company has good visibility of orders from export markets, helping in overall growth. - However, there remains uncertainty regarding semiconductor chip availability, with a cautious outlook for the next 3 to 6 months. - Quarter 1 (Jan-Mar) is expected to perform better than Quarter 4 (Oct-Dec), indicating a positive ramp-up in utilization. - The demand for passenger vehicles is expected to outpace supply through most of 2022, with some normalization expected only in Q3 of the next financial year. - Export revenues were impacted in the recent quarter but are expected to improve as chip availability and market conditions stabilize. - The company remains positive and confident about growth driven by investments and increasing market share despite current supply chain challenges.