Bharat Forge Ltd · NSE:BHARATFORG

Bharat Forge — Investor Presentation (February 2019)

16 slides from Bharat Forge's investor presentation, February 2019

  1. Slide 1: Investor Presentation February 2019

    INVESTOR PRESENTATION FEBRUARY 2019

  2. Slide 2: 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$ 1.4 B France and India MARQUEE GLOBAL CUSTOMERS LEADERSHIP Leading Automotive LARGEST In Powertrain OEMs & T

  3. Slide 3: Standalone Numbers – 9M FY 2019

    Standalone Numbers – 9M FY 2019 (INR Million) Domestic Sales Ebitda Export Sales Profit Before Tax 20,882 Before Exchange Gain/ Loss 13,911 16,930 23.3% 11,387 27,632 22.2% 21,564 11,717 28.1% 9M FY18 9M FY19 9M FY18 9M FY19 9,324 25.7% 9M FY18 9M FY19 9M FY18 9M FY19

  4. Slide 4: 9th Consecutive Q-o-Q growth in Revenues

    9th Consecutive Q-o-Q growth in Revenues (INR Million) 15,684 15,749 13,780 13,833 13,071 11,892 11,286 10,555 8,775 8,266 Q2 FY17 Q3 FY17 Q4 FY17 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Export Revenues Domestic Revenues Total Revenues

  5. Slide 5: Strong Balance Sheet

    Strong Balance Sheet (INR Million) Particulars December 31, 2018 March 31, 2018 Long Term Debt 13,874 13,462 WC & Bill Discounting 14,577 11,666 Equity 50,140 46,143 Cash 13,011 16,008 D/E 0.57 0.54 D/E (Net) 0.31 0.20 Long Term D/E (Net) 0.02 (0.06) ROCE (Net of Cash) 24.8% 22.5% RONW 20.5% 17.7%

  6. Slide 6: Segmental Breakup - Standalone

    Segmental Breakup ‐ Standalone (INR Million) Commercial Vehicles Passenger Vehicles Industrials 45% 11% 44% of total revenues of total revenues of total revenues 9M FY19: 20,506 9M FY19: 4,999 9M FY19: 19,761 9M FY18: 16,598 9M FY18: 3,404 9M FY18: 16,247 +23.5% +46.9% +21.6%

  7. Slide 7: Geographical Breakup - Standalone

    Geographical Breakup ‐ Standalone (INR Million) India USA Europe Rest of World 43% 39% 16% 2% of total revenues of total revenues of total revenues of total revenues 9M FY19: 20,882 9M FY19: 18,932 9M FY19: 7,724 9M FY19: 977 9M FY18: 16,930 9M FY18: 14,612 9M FY18: 5,717 9M FY18: 1,234 +23.3% +29.6

  8. Slide 8: De-risking and Growing

    De‐risking and Growing  Reduced dependence on Auto sector  Strong growth in Export Industrials and Passenger  Diversified Industrials business across geographies Vehicles FY 2008 FY 2018 2% 7% 12% 16% 15% 31% 16% Oil & Gas 21% 15% India CV 10% US CV 16% 14% 10% 15% Other CV PV India Industrial Exp

  9. Slide 9: 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

  10. Slide 10: New Strategic Business

    New Strategic Business 1 Light Weighting Center 2 E‐Mobility 3 Transmissions 4 New Technologies

  11. Slide 11: 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

  12. Slide 12: 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 FY18 KEY PARAMETERS EBITDA %: 29.7% PBT %: 24.5% Debt/ EBITDA: 0.85

  13. Slide 13: ...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

  14. Slide 14: Way forward

    Way forward Capacity expansion Strategic Business Focus on creating a footprint completed in the new strategic businesses Providing impetus to strong organic growth Market expansion Add new customers and increase Our way Strong Financials Improve free cash flow, maintain strong balance sheet and impr

  15. 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

  16. Slide 16: Thank You

    BHARAT FORGE KALYANI Thank You

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