Bajaj Electricals Limited · NSE:BAJAJELEC
Bajaj Electricals — Q3 FY2023 Earnings Presentation
24 slides from Bajaj Electricals's earnings presentation, Feb 2, 2023
Slide 1: Cover letter to stock exchanges
February 2, 2023 To, BSE Limited : Scrip Code- 500031 Department of Corporate Services Phiroze Jeejeebhoy Towers Dalal Street Mumbai 400 001 National Stock Exchange of India Limited : BAJAJELEC - Series: EQ Listing Department Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai 400 051 Dear S
Slide 2: Investor Presentation: Q3 FY'23
Investor Presentation: Q3 FY’23 2 nd February, 2023
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 • Performance Overview • Financial Overview • Business Highlights
Slide 5: Performance Overview: Q3 FY'23
Performance Overview : Q3 FY’23 Core FMEG* Performance (6.8% growth on YoY basis in a challenging market) • Consumer Products (CP) Segment: Surpassed INR 1,000 crs milestone • Lighting Solutions (LS) Segment: Growth in Professional Lighting; Consumer Lighting under transition • Operating Margin flat
Slide 6: Financial Overview
Financial Overview • Profit & Loss Statement • Segment Details • Operational Highlights • Cash Flow Summary • Cash Position
Slide 7: Profit & Loss (P&L) Statement
Profit & Loss (P&L) Statement (All fig. in INR Crores) Particulars Q3 FY’23 Q3 FY’22 YoY Gr (%) Q2 FY’23 Commentary Net Sales 1,484 1,320 12.5% 1,226 Gross Margin : Less : COGS 1,006 951 5.8% 838 • Margin improvement in Core FMEG Gross Margin 478 369 29.8% 388 Staff Cost Staff Cost 110 99 11.8% 106
Slide 8: Segment Details
Segment Details Segment Revenue Commentary Q3 FY’23 Q3 FY’22 YoY Gr Q2 FY’23 Consumer Products Segment : Particulars (in Crores) (in Crores) (in %) (in Crores) • Moderate growth in a tough demand Consumer Products 1,039 950 9.5% 883 scenario Lighting Solutions 270 276 (2.3)% 276 Lighting Solutions :
Slide 9: Operational Highlights
Operational Highlights Category Segment Category Growth (YoY): CP Segment Commentary Appliances : • Maintained market share in an overall muted demand environment Fans : Appliances: -3.8% Fans: 63.9% MR : -15.3% • Recorded highest volume growth Receivables* (net (Net of ofchannel Channelfinance) Fin
Slide 10: Cash Flow Summary: YTD Dec'22
Cash Flow Summary: YTD Dec’22 Particulars (INR Crs) Commentary Profit Before Tax 224 Cash Flow from Operating Activities (CFO) : Adjustments for : • Positive CFO of INR 375 crs contributed by • Non-Cash items 99 operating profits and release of WC • (Increase) / Decrease in Working Capital 89 • Taxe
Slide 11: Cash Position
Cash Position (All fig. in INR Crores) Particulars As on Dec’22 As on Sep’22 As on Mar’22 Cash & Cash Equivalent 192 174 119 Investment (surplus funds) 188 39 24 Sub-Total 380 213 143 Gross Debt 3 9 45 Net Position 377 204 98 Net Worth 1,850 1,783 1,705 CRISIL ratings : 1. Total Bank Loan Facilities
Slide 12: Business Highlights
Business Highlights • New Launches (Consumer Products, Consumer and Professional Lighting) • Brand Campaigns • Project Update (Power Transmission and Distribution) • Awards & Recognitions
Slide 13: New Product Launches: Consumer Products
New Product Launches: Consumer Products Sponta Instant Water Heater Elegance Ninja Mixer Grinder • DuraAce* Tank with 10 Year warranty • DuraCut® Blades with Lifetime Warranty • Efficient, long-life copper heating • 500 Watts titan motor element with 3-year warranty • 5 year motor warranty • Multipl
Slide 14: DuraAce Tank and DuraCut Blade product campaign
BUILT TO WITH HARD WATER 10-YEA LIFETIME WARRANTY WARRANTY DuraAce™ TANK DuraCut® BLADE MARINE GRADE GRINDS TOUGHEST GLASS LINE COATING INGREDIENTS BAJAJ BAJAJ GEYSERS MIXER GRINDERS
Slide 15: Brand Campaigns: BAJAJ ("BUILT FOR LIFE")
Brand Campaigns : BAJAJ (“BUILT FOR LIFE”) PAN India Multimedia Brand Reposition Campaign & Water Heater Campaign
Slide 16: Brand Campaigns: Morphy Richards ("Happiness Engineered")
Brand Campaigns : Morphy Richards (“Happiness Engineered”) Top 8 Cities Multimedia Brand Campaign Multiple Micro Influencer Collaborations
Slide 17: New Product Launches: Consumer Lighting
New Product Launches: Consumer Lighting Ivora LED Batten 5W LEDZ INVERTER LINEAR LAMP 9* • High Lumen Efficacy of 100lm/W for CDL • Battery back up (up to 4 hours) Launches in • 3.5 kV Voltage Surge Protection • Angular movement, directional Variants in CDL & WDL lighting Q3 • • Lumens: Normal mode:
Slide 18: New Product Launches: Professional Lighting
New Product Launches: Professional Lighting Beam • Seamlessly secure drive, higher visibility • UV resistant non-yellowing secondary lens optics, desired photometry • Tilt-able arm, higher adjustment. EDGE NXT • Streetlight with battery back-up • Real Time Clock ensures functionality from 6 pm to 6
Slide 19: Project Update
Project Update In the quest for operational excellence, Bajaj Electricals EPC business got successfully certified as ISO 14001 (Environmental Management) & ISO 45001 (Occupational Health & Safety Management) First inhouse designed 765kV suspension First 220 kV multi-circuit Monopole, Bihar State con
Slide 20: Awards & Recognitions (1/2)
Awards & Recognitions (1/2) Good Design Award Org with Great Managers 2022 (Morphy Richards KUBE water heater) (Top 50 in India)
Slide 21: Awards & Recognitions (2/2)
Awards & Recognitions (2/2) Best Customer Experience WPO Worldstar Winner 2023 MQH Best Practices Management 2022 Competition Manufacturing Category (ORM and Social Media Listening) (For Transport Package of 45 Kgs (By IMC Ramkrishna Bajaj National Stadium Light) Quality Award Trust)
Slide 22: CEAMA Man of Small Appliances 2022
Consumer Electronics & Appliances Manufacturers Association (CEAMA) Man of Small Appliances 2022 Mr. Anuj Poddar’s phenomenal contribution to the FMEG industry
Slide 23: Thank You
> BAJAI E icals THANK YOU
Slide 24: Shareholding Information
Shareholding Information Pattern as on 31st Dec, 2022 13.6% For IR related queries 12.2% Write to us at Rakesh Dash Rakesh.dash@bajajelectricals.com 11.3% 62.9% Suketu Shah Suketu.shah@bajajelectricals.com Promoter and Promoter Group Foreign Institutional Investors Domestic Investors Others/ Retail