Bajaj Electricals Limited · NSE:BAJAJELEC
Bajaj Electricals — Q2 FY2022 Earnings Presentation
21 slides from Bajaj Electricals's earnings presentation, Nov 12, 2021
Slide 1: Exchange filing cover letter
November 12, 2021 To, BSE Limited : Code No. 500031 Department of Corporate Services Phiroze Jeejeebhoy Towers Dalal Street Mumbai 400 001 National Stock Exchange of India Limited : BAJELEC - Series: EQ Listing Department BAJ22 -Series C NCDs INE193E08012 Exchange Plaza, Bandra Kurla Complex, Bandra
Slide 2: Investor Presentation: Q2 FY'22
Investor Presentation : Q2 FY’22 12th November, 2021
Slide 3: Disclaimer
Disclaimer The material that follows is a Presentation of general background information about the activities of Bajaj Electricals Limited (“Company”) or its subsidiary or joint venture or associate (together with the Company, the “Group”) as at the date of the Presentation or as otherwise indicated
Slide 4: Table of Contents
Table of Contents 1. Covid-19 Update 2. Performance Overview 3. Financial Overview 4. Business Highlights 3
Slide 5: Covid-19 Update
Covid-19 Update 1. 85% of on-roll employees are fully vaccinated 2. Currently no active Covid case among employees 3. All offices have resumed & are operational 4. Head office working at c.40%, following Covid protocols 5. Adopting a hybrid model 6. Sales, Operations, Manufacturing and Logistics ope
Slide 6: Performance Overview
Performance Overview CP Performance (31% YoY Growth and 22% 2-Year CAGR) • Industry leading growth in core Electrical Consumer Durables (ECD) Portfolio • Synchronised Growth across categories (Appliances – 41% , Fans – 13% , Lighting – 20% & MR – 35%) • Operating Margin at 10% (vs. 10.7% in Q2 FY21)
Slide 7: Financial Overview
• Profit & Loss Statement • Segment Details Financial Overview • Operational Highlights • Cash Flow Summary • Debt Position 6
Slide 8: Profit & Loss (P&L) Statement
Profit & Loss (P&L) Statement (All fig. in INR Crores) Commentary Particulars Q2 FY’22 Q2 FY’21 YoY Gr (%) Q1 FY’22 Staff Cost : Net Sales 1,302 1,218 6.9% 857 Less : COGS 918 859 6.8% 568 • One-time impact of INR 3 crores due to CRS at factory Gross Margin 384 359 7.1% 288 Staff Cost 104 98 6.9% 10
Slide 9: Segment Details
Segment Details Segment Revenue Commentary Q2 FY’22 Q2 FY’21 YoY Gr Q1 FY’22 CP Segment : Particulars (in Crores) (in Crores) (in %) (in Crores) • 2nd highest quarterly sales achieved, Consumer Products 1,035 792 30.7% 617 surpassed INR 1,000 Crores mark • Operating margins grew by 22% & EPC 267 425
Slide 10: Operational Highlights
Operational Highlights Category Growth Q2 FY’22 Q2 FY’21 YoY Gr Q1 FY’22 Commentary Particulars (in Crs) (in Crs) (in %) (in Crs) Appliances 603 428 41.0% 290 Appliances : Fans 220 195 12.5% 229 • Highest YoY growth among national players (>40%) Lighting 131 109 20.2% 65 Lighting : Morphy Richards 8
Slide 11: Cash Flow Summary
Cash Flow Summary (All fig. in INR Crores) Q2 Q2 H1 H1 Commentary Particulars FY’22 FY’21 FY’22 FY’21 Profit Before Exceptional Items and Tax 79 101 48 41 WC Release : Adjustments for : • Non-Cash items 27 10 92 53 • To the tune of INR 300 Crores • Increase / Decrease in WC 380 208 397 378 due to Ve
Slide 12: Debt Position
Debt Position (All fig. in INR Crores) Particulars As on Sep’21 As on Jun’21 As on Sep’20 Gross Debt 281 733* 559 Less: Cash & Cash Equivalent 44 78 22 Net Debt 237 656 537 Networth 1,606 1,536 1,424 Net Debt / Equity (x) 0.15 0.43 0.38 Interest Coverage (x) 5.1 - 4.3 Note : Interest coverage = EBIT
Slide 13: Business Highlights
• New Launches (Consumer Products, Illumination) • Brand Campaigns (Consumer Products) Business Highlights • Marquee Project (Illumination) • Project Update (Power Transmission, Distribution) • Awards & Recognitions 12
Slide 14: New Product Launches (Consumer Products)
New Product Launches (Consumer Products) Compagno Water Heater Splendora Titanium Armor & Swirl Anti Stain Mixer flow technology Ivora Insect Shield Lamp Herculo 53* 1000 Watt Mixer with Spectrum based lighting for effective shield against Launches ball bearing Motor mosquitoes & house flies Gas Sto
Slide 15: Brand Campaigns (Consumer Products)
Brand Campaigns (Consumer Products) Fans Air Coolers Mixer Grinder LED 14
Slide 16: New Product Launches (Illumination)
New Product Launches (Illumination) Skylux Surface Sunsoko Optimal illumination of All-In-One Solar Street Light Workstation 94* Launches Linear Highbay Ameris for illuminating large commercial luminaire (Suspended, Recessed and Surface spaces uniformly mounted) * 158 during half-year 15
Slide 17: Marquee Project (Architectural Lighting)
Marquee Project (Architectural Lighting) SIDHWAN Canal, Ludhiana Flyover Beautification 16
Slide 18: Project Update
Project Update Power Transmission 220 KV Substation, MPPTCL • Around 988 ckms commissioned till Q2 FY’22 • Orders worth INR 123 crores secured in H1 FY’22 Power Distribution • Operational closure of 4 projects completed a) In West Bengal – 2 projects: Bankura & Jalpaiguri b) In Bihar – 2 projects: E
Slide 19: Awards & Recognitions
Winner of in the Social category ESG INDIA LEADERSHIP AWARDS 2021 to Sustainability Ls Awards & Recognitions MQH Best Practices Competition 2021 Organised By: IMC Ramkrishna Bajaj National Quality Award Trust > 8A5A5 KWinLep. Our Nirlep factories in Aurangabad, Maharashtra have achieved the highest
Slide 20: Thank You
Thank You 19
Slide 21: Shareholding Information
Shareholding Information Pattern as on 30th September, 2021 13.0% For IR related queries 11.0% Write to us at Rakesh Dash Rakesh.dash@bajajelectricals.com 12.9% 63.1% Suketu Shah Suketu.shah@bajajelectricals.com Promoter & Promoter Group Foreign Institutional Investors Domestic Investors Others/ Ret