Bharat Forge Ltd · NSE:BHARATFORG
Bharat Forge — Investor Presentation (June 2018)
16 slides from Bharat Forge's investor presentation, June 2018
Slide 1: Investor Presentation June 2018
INVESTOR PRESENTATION June 2018 | Bharat Forge Ltd. | Pune MAKING IN INDIA FOR THE WORLD
Slide 2: A Snapshot
A Snapshot REVENUE - Consolidated Revenue : US$ 1.3 Billion; Standalone Revenue: INR 53,160 Million MANUFACTURING LOCATIONS - 10 Manufacturing locations across 5 countries WORKFORCE - Global Workforce of 5,000+ employees MARQUEE CUSTOMERS - Leading Automotive & Industrials OEMs & Tier 1 Suppliers LA
Slide 3: Key Differentiators help create an efficient organization
Key Differentiators help create an efficient organization Relationship • Development partners • Leveraging relationship to increase content per 2 vehicle 3 De-risked Business 1 Model Technology & Innovation • Extensive product portfolio • Strong in –house R&D across Auto & Industrials capabilities •
Slide 4: Consolidated Financials
Consolidated Financials REVENUES Commercial Vehicles Non-Auto Passenger Vehicles 17% 27.5% 84,146 65,982 33% 50% FY 2017 FY 2018 India USA Europe Asia-Pac EBITDA 2% 30% 39.7% 40% 17,761 12,717 28% FY 2017 FY 2018 BHARAT FORGE MAKING IN INDIA FOR THE WORLD 4
Slide 5: Strong balance sheet
Strong balance sheet Particulars Standalone Consolidated FY 2018 FY 2017 FY 2018 FY 2017 Long Term D/E (Net) (0.06) 0.02 (0.01) 0.10 ROCE (Net) 22.5% 14.9% 19.8% 15.3% Return on Net Worth 17.7% 12.9% 16.1% 17.2% BHARAT FORGE MAKING IN INDIA FOR THE WORLD 5
Slide 6: Standalone Results - FY 2018
Standalone Results - FY 2018 Domestic sales Export Sales 29,712 53.0% 15.8% 23,448 19,418 19,230 FY 2017 FY 2018 FY 2017 FY 2018 EBITDA PBT before exchange Gain/(Loss) & Exceptional 43.0% 15,763 11,024 56.2% 13,033 8,343 FY 2017 FY 2018 FY 2017 FY 2018 * All values in Rs. Million BHARAT FORGE MAKING
Slide 7: Standalone Results - Q4 FY 2018
Standalone Results - Q4 FY 2018 Domestic sales Export Sales 8,148 35.1% 6,518 46.4% 5,972 5,285 Q4 FY17 Q4 FY18 Q4 FY17 Q4 FY18 EBITDA PBT before exchange Gain/(Loss) & Exceptional 35.1% 46.4% 4,376 3,709 3,240 2,533 Q4 FY17 Q4 FY18 Q4 FY17 Q4 FY18 * All values in Rs. Million BHARAT FORGE MAKING IN
Slide 8: Segmental Breakup - Standalone
Segmental Breakup - Standalone Commercial Passenger Industrials Vehicles Vehicles 46% of total 46% of total 10% of total revenues revenues revenues FY 2018 : 23,187 FY 2018 : 4,846 FY 2018 : 21,997 FY 2017 : 17,935 FY 2017 : 3,760 FY 2017 : 14,399 +29.3% +28.9% +52.8% • Highest Revenue recorded in a
Slide 9: Geographical Breakup - Standalone
Geographical Breakup - Standalone India Americas Europe Rest of World 44% of total 38% of total 15% of total 3% of total revenues revenues revenues revenues FY 2018 : 23,448 FY 2018 : 20,208 FY 2018 : 8,085 FY 2018 : 1,419 FY 2017 : 19,230 FY 2017 : 10,903 FY 2017 : 7,303 FY 2017 : 1,212 +21.9% +85.
Slide 10: New order wins
New order wins 1,500 New Business wins Won over past two years (FY 2016 – FY 2018) INR Driven by new product development Crores Of new order wins from Industrials 48% De-risking the revenue stream within Industrials sector-wise and customer- wise 40% Of new order wins from Passenger Vehicles Increas
Slide 11: Increasing resilience in every trough
Increasing resilience in every trough FY 2017 FY 2017 FY 2013 28.5% FY 2013 FY 2009 21.6% 23.3% FY 2009 14.2% 21.7% 11.9% EBITDA MARGINS PBT MARGINS FY 2009 4.05 FY 2013 2.55 FY 2017 1.48 DEBT/EBITDA BHARAT FORGE MAKING IN INDIA FOR THE WORLD 11
Slide 12: Performance of International Operations
Performance of International Operations (INR Million) Particulars CY 2017 CY 2016 Total Income 26,807 22,566 EBITDA 1,823 1,689 EBITDA % 6.8% 7.5% PBT before Exceptional Item 291 148 • The overseas operations continues to witness improvement in financial performance driven by product mix and focus o
Slide 13: Addressing e-Mobility Opportunity
Addressing e-Mobility Opportunity R&D facility in UK for Strategic investment in EV powertrain solutions of start-up Electric Vehicles Gain technical expertise on Develop solutions across the Technical Training EV powertrain development entire spectrum of EV’s from Complementing capabiliti
Slide 14: Way forward
Way forward Focus on creating a Greenfield investment to footprint in the new increase forging and strategic businesses machining capacity Strategic Capacity Business expansion Improve free cash Add new customers Market Strong flow, maintain strong and increase share Financials balance sheet and exp
Slide 15: 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 16: Thank You
<< BHARAT FORGE ws KALYANI THANK YOU