Bharat Forge Ltd · NSE:BHARATFORG
Bharat Forge — Q1 FY2020 Earnings Presentation
17 slides from Bharat Forge's earnings presentation, Aug 17, 2019
Slide 1: Exchange filing cover letter
BHARAT FORGE August 17, 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, Se
Slide 2: Investor Presentation August 2019
— BHARAT FORGE ~* KALYAN] INVESTOR PRESENTATION AUGUST 2019
Slide 3: Bharat Forge Overview
o & Bharat Forge Overview GLOBAL VERTICALLY ROBUST MANUFACTURING INTEGRATED FINANCIALS eae eae With end-to-end Consolidated Revenue Us cerry sweden! capabilities US$ 1.6B France and India MARQUEE 1? GLOBAD CUSTOMERS LEADERSHIP ; LARGEST — eading Automotive In Powertrain ‘OEMs & Tier-t Suppliers sing
Slide 4: Standalone Numbers — Q1 FY 2020
&. < BHARAT FORGE KALYAN Standalone Numbers — Q1 FY 2020 (INR Million) Domestic Sales EBITDA Export Sales Before Tax Fan ‘Before Exchange Gain/ Loss | i | i 519 ra 33 | 1807 | ee lean | 79% | (oye | 3554 | 2,646 ma | urna | ai ri20 aury9 / { (255i | } i | | aa tv20 anes | Qi FY20 quis i | | | i a j
Slide 5: Segmental Breakup - Standalone
2 KALYANE Segmental Breakup - Standalone (INR Million) Cammercial Vehicles 49% Of total revenues Qi FY 2020: 6,052 Qt FY 2019 : 6,627 (8.2) % Passenger Vehicles 14% of total revenues oSaiairsn QL FY 2020; 1,742 QLEY 20195 1,715 +16 % Industrials 37 % ‘of total revenues uli Od FY 2020; 4,525 QL EY 20
Slide 6: Geographical Breakup - Standalone
2 Geographical Breakup - Standalone {INR Million) india 44% Of total revenues USA 39% of total revenues Ql FY 2020: 5,639 QU FY 2020: 5,302 QL FY 2019 5 6,354 (6.5) % Od FY 2019 = 5,739 (7.6)% Europe 14% of totafrevenues QLFY 2020. 1,853 Qi FY 2019 2,503 (26.0}% Rest of Warid 3% ‘of total revenues ¥
Slide 7: Strong Balance Sheet
Zz J BHARAT FORGE KALYARE Strong Balance Sheet {INR Million) June 30, 2019 Long Term Debt 15,796 WC & Bill Discounting 15,682 Equity 55,612 53,982 Cash 18,266 17,252 D/E 0.57 0.59 D/E (Net) 0.24 0.27 Long Term D/E (Net) (0.05) (0.03) ROCE (Net of cash) 15.4% 24.7% RONW 12.5% 19.8%
Slide 8: International Operations
@ KALYAN International Operations (INR Million) Particulars Total Income 8,107 7,863 8,308 EBITDA 426 316 704 EBITDA % 5.3% 4.0% 8.5% PBT before Exceptional (80) 4 266 Item * Performance will track the underlying market going forward + Continue to focus on margin improvement by improving product mix
Slide 9: Consolidated Numbers — Q1 FY20
+ S BHARAT FORGE KALYAN Consolidated Numbers — Q1 FY20 (INR Million) | | acrvas | Particulars | QL Fy20 Os FY19 Particulars |) tune 30, 2019 || March 32, 2019) paths wer st a ih “a ned | Total Income 23,279 26,708 24,137 Long Term Debt 19,755 19,350 EBITDA 4,148 5,600 ° 4,901 Equity 55,504 54,059 EB
Slide 10: De-risking and Growing
BHARAT FORGE KALYAN 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 = Export CV = Domestic PV 3 Export PV ® Domestic Industrials = Export Indust
Slide 11: Resilient Operating Model
KALYAN Resilient Operating Model FY 2017 28.5% EBITDA MARGINS FY 2019 Ey2018 24.9% 28.8% FY 2017 21.6% FY 2013 14.2% FY 2009 11.9% PBT MARGINS BHARAT FORGE FY 2009 FY 2013 2.55 - | pv2oay FY 2019 1.48 1,36 aC
Slide 12: Driven by Segmental Diversification
Z. < BHARAT FORGE KALYANT ...Driven by Segmental Diversification eae Eee anele sy GEOGRAPHICAL DIVERSIFICATION, PASSENGER CAR aan one NE SECTOR DIVERSIFICATION AGRICULTURE. ese ee eal Tee PRODUCT EXPANSION AEROSPACE at
Slide 13: New Strategic Business
Zz. S BHARAT FORGE KALYAN New Strategic Business ) Light Weighting Center E-Mobility Transmissions New Technologies ays
Slide 14: Addressing E-Mobility Opportunity
- < KALYAN Addressing E-Mobility Opportunity Develap salutions across the entire spectrum of EV’s fram law voltage powertrains im personal mobility ta high valtage applications for commercial vehicles t t TORK TEVVA “MIRA moromcvetes MOTORS + Strategic investment in EV + Strategic investment in EV +
Slide 15: Leveraging our strengths
z. << BHARAT FORGE Leveraging our strengths @: \:+ 6: ee + @=@) 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 i . chnologie: ; of growth Capacity Customer Rel
Slide 16: Disclaimer
- <) KALYANE 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 lo
Slide 17: Thank You
LQ) BHARAT FORGE we KALYANL Thank You