Bharat Forge Ltd · NSE:BHARATFORG
Bharat Forge — Investor Presentation (August 2018)
16 slides from Bharat Forge's investor presentation, August 2018
Slide 1: Investor Presentation August 2018
INVESTOR PRESENTATION August 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: US$ 780 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 LARGE
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: Standalone Results – Q1 FY 2019
Standalone Results – Q1 FY 2019 Domestic Sales Export Sales (INR Million) 6,354 20.0% 25.8% 8,443 5,294 6,714 Q1 FY18 Q1 FY19 Q1 FY18 Q1 FY19 EBITDA Profit Before Tax* 4,288 24.0% 3,554 28.9% 3,457 2,757 Q1 FY18 Q1 FY19 Q1 FY18 Q1 FY19 Before exchange gain/(loss) BHARAT FORGE MAKING IN INDIA FOR THE
Slide 5: Strong balance sheet
Strong balance sheet (INR Million) Particulars June 30, 2018 March 31, 2018 Long Term Debt 15,744 13,462 WC & Bill Discounting 12,519 11,666 Equity 47,230 46,143 Cash 18,108 16,008 D/E 0.60 0.54 D/E (Net) 0.22 0.20 Long Term D/E (Net) (0.05) (0.06) ROCE ( Net of Cash) 24.8% 22.5% RONW 19.8% 17.7% BH
Slide 6: Segmental Breakup - Standalone
Segmental Breakup - Standalone Commercial Passenger Industrials Vehicles Vehicles 41% of total 48% of total 11% of total revenues revenues revenues Q1 FY19: 6,648 Q1 FY19: 1,520 Q1 FY19: 5,665 Q1 FY18: 4,990 Q1 FY18: 868 Q1 FY18: 5,428 +33.2% +75.2% +4.4% • Highest Revenue recorded in the Auto segme
Slide 7: Geographical Breakup - Standalone
Geographical Breakup - Standalone India Americas Europe Rest of World 43% of total 39% of total 17% of total 1% of total revenues revenues revenues revenues Q1 FY19: 6,354 Q1 FY19: 5,724 Q1 FY19: 2,527 Q1 FY19: 192 Q1 FY18: 5,294 Q1 FY18: 4,383 Q1 FY18: 1,873 Q1 FY18: 457 +20.0% +30.6% +34.9% -58.1%
Slide 8: De-risking and Growing
De-risking and Growing FY 2018 • Reduced dependence on Auto sector 12% 16% • Diversified Industrials business Oil & Gas across geographies 16% India CV • Strong growth in Export Industrials and Passenger Vehicles 21% US CV Other CV 10% PV 10% 15% India Industrial FY 2008 Export Industrial Oil & Gas
Slide 9: 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 9
Slide 10: New order wins
New order wins 1,620 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: Performance of International Operations
Performance of International Operations (INR Million) Particulars Apr – Jun 18 Apr – Jun 17 Total Income 8,741 6,874 EBITDA 696 506 EBITDA % 8.0% 7.4% PBT before Exceptional Item 241 104 BHARAT FORGE MAKING IN INDIA FOR THE WORLD 11
Slide 12: Focus on Light Weight Materials
Focus on Light Weight Materials • Current revenues from Al Forgings ~ € 60 million. • CDP BF (Germany) has won new business of € 40 million for supply of Aluminum Forgings to a marquee premium vehicle manufacturer. • Setting up Aluminum Forging facility at BF PMT in Tennessee, USA at a cost of US$ 5
Slide 13: Addressing e-Mobility Opportunity
Addressing e-Mobility Opportunity R&D facility in UK for Strategic investment in EV Develop solutions across powertrain solutions of start-up the entire spectrum of EV’s Electric Vehicles Gain technical expertise on from low voltage Technical Training EV powertrain development powertrains in
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