Slide 1: Bharat Forge exchange filing cover letter
BHARAT FORGE May 27, 2019 To, BSE Limited, National Stock Exchange of India Limited 1st Floor, New Trading Ring, ‘Exchange Plaza’, Rotunda Building, P.J. Towers, Bandra-Kurla Complex, Bandra (East) Dalal Street, Fort, Mumbai- 400 051. Mumbai - 400 001 Symbol: BHARATFORG BSE SCRIP CODE - 500493, Seri
Slide 2: Investor Presentation May 2019
INVESTOR PRESENTATION MAY 2019
Slide 3: Bharat Forge Overview
Bharat Forge Overview GLOBAL VERTICALLY ROBUST MANUFACTURING 10 locations across INTEGRATED FINANCIALS 5 countries ‐ With end‐to‐end Consolidated Revenue US, Germany, Sweden, capabilities US$ 1.6 B France and India MARQUEE GLOBAL CUSTOMERS LEADERSHIP Leading Automotive LARGEST In Powertrain OEMs & T
Slide 4: Standalone Numbers – FY 2019
Standalone Numbers – FY 2019 (INR Million) Domestic Sales EBITDA Export Sales Profit Before Tax 27,942 Before Exchange Gain/ Loss 18,760 23,448 19.2% 15,762 37,258 19.0% 29,712 15,931 25.4% FY 2018 FY 2019 FY 2018 FY 2019 13,033 22.2% FY 2018 FY 2019 FY 2018 FY 2019
Slide 5: Strong Balance Sheet
Strong Balance Sheet (INR Million) Particulars March 31, 2019 March 31, 2018 Long Term Debt 15,722 13,462 WC & Bill Discounting 16,220 11,666 Equity 53,982 46,143 Cash 17,252 16,028 D/E 0.59 0.54 D/E (Net) 0.27 0.20 Long Term D/E (Net) (0.03) (0.06) ROCE (Net of Cash) 24.7% 22.5% RONW 19.8% 17.7%
Slide 6: Segmental Breakup - Standalone
Segmental Breakup ‐ Standalone (INR Million) Commercial Vehicles Passenger Vehicles Industrials 44% 12% 44% of total revenues of total revenues of total revenues FY 2019: 26,900 FY 2019: 7,247 FY 2019: 26,566 FY 2018: 23,419 FY 2018: 5,105 FY 2018: 21,505 +14.9% +42.0% +23.5%
Slide 7: Geographical Breakup - Standalone
Geographical Breakup ‐ Standalone (INR Million) India USA Europe Rest of World 43% 40% 15% 2% of total revenues of total revenues of total revenues of total revenues FY 2019: 27,942 FY 2019: 26,022 FY 2019: 9,912 FY 2019: 1,324 FY 2018: 23,448 FY 2018: 20,236 FY 2018: 7,995 FY 2018: 1,480 +19.2% +28
Slide 8: International Operations
International Operations (INR Million) Particulars CY 2018 CY 2017 Total Income 32,321 26,807 EBITDA 2,123 1,753 EBITDA % 6.6% 6.5% PBT before Exceptional Item 559 291 Strong growth in revenue, exceeding the underlying market Continue to focus on margin improvement Working towards improving pr
Slide 9: Consolidated Numbers – FY 2019
Consolidated Numbers – FY 2019 (INR Million) Particulars FY 2019 FY 2018 Particulars March 31, 2019 March 31, 2018 Total Income 101,457 83,577 Long Term Debt 19,350 16,721 EBITDA 20,284 17,787 Equity 54,059 46,811 EBITDA % 20.0% 21.3% Cash 18,352 17,246 PBT before 15,831 13,472 Long Term D/E 0.36 0.
Slide 10: Employees: Strength of our past and present and the key to our future
EMPLOYEES: Strength of our past and present and the key to our future Skill Management Technology Advanced Upgradation Development Development Technical Skills At any given point of time, 10% of our employee group are under intensive academic or training programs
Slide 11: Resilient Operating Model
Resilient Operating Model... FY 2017 FY 2017 28.5% 21.6% DEBT/ EBITDA FY 2009 FY 2013 FY 2013 4.05 23.3% 14.2% FY 2013 FY 2009 FY 2009 21.7% 11.9% 2.55 FY 2017 1.48 EBITDA MARGINS PBT MARGINS FY 19 KEY PARAMETERS EBITDA %: 28.8% PBT %: 24.4% Debt/ EBITDA: 0.84
Slide 12: Driven by Segmental Diversification
...Driven by Segmental Diversification YEAR YEAR YEAR YEAR YEAR SECTOR FOCUS ON A DE‐ RISKED BUSINESS MODEL 2001 2004 2012 2015 2017 TRUCK GEOGRAPHICAL DIVERSIFICATION PASSENGER CAR CONSTRUCTION & MINING SECTOR DIVERSIFICATION AGRICULTURE OIL & GAS PRODUCT EXPANSION AEROSPACE
Slide 13: De-risking and Growing Revenues
De‐risking and Growing Reduced dependence on Auto sector Strong growth in Export Industrials and Passenger Diversified Industrials business across geographies Vehicles FY 2009 FY 2019 Domestic CV 13% 18% 20% 27% Export CV 19% Domestic PV 26% Export PV 34% 17% 7% 7% Domestic 8% Industrials 4% Ex
Slide 14: New Strategic Business
New Strategic Business 1 Light Weighting Center 2 E‐Mobility 3 Transmissions 4 New Technologies
Slide 15: Addressing E-Mobility Opportunity
Addressing E‐Mobility Opportunity Develop solutions across the entire spectrum of EV’s from low voltage powertrains in personal mobility to high voltage applications for commercial vehicles Strategic investment in EV Strategic investment in EV R&D facility in UK for powertrain start‐up company
Slide 16: Leveraging our strengths
Leveraging our strengths People Technology & Innovation Future Growth A strong knowledge Steadfast focus on new product We are leveraging all our workforce development and emerging strengths to drive our next leg technologies of growth Capacity Customer Relationship Financials State of the art advan
Slide 17: Disclaimer
Disclaimer This presentation contains certain forward looking statements concerning Bharat Forge’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statemen
Slide 18: Thank You
BHARAT FORGE KALYANI Thank You