Bharat Forge Ltd · NSE:BHARATFORG
Bharat Forge — Investor Presentation (June 2017)
16 slides from Bharat Forge's investor presentation, June 2017
Slide 1: Investor Presentation June 2017
INVESTOR PRESENTATION June 2017 | Bharat Forge Ltd. | Pune MAKING IN INDIA FOR THE WORLD
Slide 2: Bharat Forge Limited - A Global Industrial Conglomerate
Bharat Forge Limited - A Global Industrial Conglomerate BHARAT FORGE: PROFILE GLOBAL FORGING CONGLOMERATE • Consolidated Revenues: ~ US$ 1 Bn Geography Capacity (TPA) • 10 Manufacturing locations across 5 countries. 403,750 • Global Marquee Customer base of more than 35 OEM’s &Tier- 1 companies acro
Slide 3: Bharat Forge Limited – Key Differentiators
Bharat Forge Limited – Key Differentiators New product development leveraging Technology & Innovation strong in –house R&D capabilities Develop critical components with shortest lead time Development partners Relationship Leveraging relationship to expand Key in to new sectors Differentiators Strong
Slide 4: Transformational Shifts around three Success Levers
Transformational Shifts around three Success Levers 1. From ‘Muscle Power’ to ‘Brain Power’ PEOPLE 2. Creating a ‘Knowledge Workforce’ 3. Modernizing ‘Technology & Operations’ TECHNO- 4. From a ‘Generic Supplier’ to a ‘Partner of LOGY Choice’ ENGINEERING 5. From an ‘Indian Company’ to a ‘Global & Co
Slide 5: FY 2017 Highlights: Good progress in a tough environment
FY 2017 Highlights : Good progress in a tough environment Growth of Passenger vehicle export business Growth of 14% in FY 2017 as compared to FY 2016 Net Long Term Debt free by FY 2018 Achieved year ahead of schedule EBITDA Margins to be in the range of 27 -30% Stable margins in spite of inflationar
Slide 6: Standalone Results – Q4 FY 2017 v/s Q3 FY 2017
Standalone Results – Q4 FY 2017 v/s Q3 FY 2017 (INR Million) Particulars Q4 FY17 Q3 FY17 % change Shipment Tonnage 55,189 47,083 17.2% Domestic Revenue 5,860 5,048 16.1% Export Revenue 5,972 4,852 23.1% Total Revenue 11,832 9,900 19.5% EBITDA 3,240 2,719 19.2% EBITDA % 27.4% 27.5% PBT before Ex Gain
Slide 7: Standalone Results – Q4 FY 2017 v/s Q4 FY 2016
Standalone Results – Q4 FY 2017 v/s Q4 FY 2016 (INR Million) Particulars Q4 FY17 Q4 FY16 % change Shipment Tonnage 55,189 52,413 5.3% Domestic Revenue 5,860 4,782 22.5% Export Revenue 5,972 5,330 12.0% Total Revenue 11,832 10,600 11.6% EBITDA 3,240 3,124 3.7% EBITDA % 27.4% 29.5% PBT before Ex Gain/
Slide 8: Standalone Results – FY 2017
Standalone Results – FY 2017 (INR Million) Particulars FY 2017 FY 2016 Growth % Shipment Tonnage 197,573 209,697 (5.8)% Domestic Revenue 21,244 20,271 4.8% Export Revenue 19,418 24,985 (22.3)% Total Revenue 40,662 45,256 (10.2)% EBITDA 11,024 13,645 (19.2)% EBITDA % 27.1% 30.2% PBT before Ex Gain/ (
Slide 9: Geographical Breakup - Standalone
Geographical Breakup - Standalone FY 2017 FY 2016 3% 18% 3% India 18% India 52% Americas 45% Americas 27% Europe Europe Asia-Pac 35% Asia-Pac Particulars (INR Million) FY 2017 FY 2016 % Change India 21,244 20,271 4.8 Americas 10,904 15,644 (30.3) Europe 7,299 8,090 (9.8) Asia Pacific 1,214 1,250 (2.
Slide 10: Segmental Breakup - Standalone
Segmental Breakup - Standalone FY 2017 FY 2016 10% 9% Commercial Commercial Vehicles Vehicles 50% Industrial 37% 54% Industrial 40% Passenger Passenger Vehicles Vehicles Particulars (INR Million) FY 2017 FY 2016 % Change Commercial Vehicles 17,928 21,667 (17.3) Industrial 14,402 15,082 (4.5) Passeng
Slide 11: Performance of International Operations
Performance of International Operations (INR Million) Particulars CY 2016 CY 2015 Total Income 32,796 33,287 EBITDA 1,876 1,034 EBITDA % 5.7% 3.1% PBT before Exceptional Item 294 (292) Profit After Tax 469 (117) • Strong focus on productivity improvement and cost control has yielded good results in
Slide 12: 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 12
Slide 13: Asset Light Capex: Changing the Approach
Asset Light Capex: Changing the Approach CUSTOMER PRODUCT CAPEX PEOPLE PRODUCT CAPEX PEOPLE CUSTOMER MAKING IN INDIA FOR THE WORLD 13
Slide 14: Way forward
Way forward ….. De-risk Deleverage Focus on increasing Continue to focus on share of counter- asset light model & cyclical sectors. lean balance sheet. Develop Demonstrate New product development to Focus on assimilation & increase content per equipment. implementation of new New products to lead gr
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 Ww KALYANI THANK YOU