Bajaj Electricals Limited · NSE:BAJAJELEC
Bajaj Electricals — Q2 FY2024 Earnings Presentation
25 slides from Bajaj Electricals's earnings presentation, Nov 6, 2023
Slide 1: Exchange filing cover letter for results presentation
November 6, 2023 To, BSE Limited : Code No. 500031 Department of Corporate Services Phiroze Jeejeebhoy Towers Dalal Street Mumbai 400 001 National Stock Exchange of India Limited : BAJAJELEC - Series: EQ Listing Department Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai 400 051 Dear Sir/
Slide 2: Investor Presentation Q2 FY'24
Investor Presentation Q2 FY’24 November 6, 2023
Slide 3: Disclaimer
Disclaimer The material that follows is a Presentation of general background information about the activities of Bajaj Electricals Limited (“Company”) or its subsidiary or joint venture or associate (together with the Company, the “Group”) as at the date of the Presentation or as otherwise indicated
Slide 4: Table of Contents
Table of Contents 1 Q2 FY’24 – FMEG Performance Overview 2 Financial Highlights 3 Business Highlights 4 Updates on corporate restructuring and consolidation 3
Slide 5: FMEG Performance Overview
Table of Contents 1 Q2 FY’24 – FMEG Performance Overview 2 Financial Highlights 3 Business Highlights 4 Updates on corporate restructuring and consolidation 4
Slide 6: FMEG Performance Overview (1/2)
Q2 FY’24 – FMEG Performance Overview (1/2) Revenue EBIT INR 1,113 Cr INR 59 Cr 5.3% EBIT Margin -4.0% YoY -33.3% YoY PAT RoCE* INR 32 Cr ~25% 2.8% PAT Margin -45.8% YoY on TTM EBIT YoY: YoY growth | TTM: Trailing Twelve Months | *calculated on average capital employed (which excludes investment prop
Slide 7: FMEG Performance Overview (2/2)
Q2 FY’24 – FMEG Performance Overview (2/2) Core FMEG Performance (Contracted by c.4% on YoY basis on account of weak consumer sentiment) • Consumer Products (CP) Segment: Drop in appliances, offset by healthy growth in fans • Lighting Solutions (LS) Segment: Dropped on account of sluggish demand and
Slide 8: Financial Highlights
Table of Contents 1 Q2 FY’24 – FMEG Performance Overview 2 Financial Highlights 3 Business Highlights 4 Updates on corporate restructuring and consolidation 7
Slide 9: Profit & Loss Statement
Q2 FY’24 – Profit & Loss Statement (INR Cr) Particulars Q2 FY’24 Q2 FY’23 YoY (%) Q1 FY’24 Commentary Revenue from Operations 1,113 1,159 (4.0%) 1,112 Revenue: Contracted on account of weak consumer demand Less : COGS 783 803 (2.6%) 783 Other Income: Includes INR 19 Cr of warranty Gross Margin 330 3
Slide 10: Segment Details
Q2 FY’24 – Segment Details Segment Revenue Commentary Q2 FY’24 Q2 FY’23 Q1 FY’24 Consumer Products Segment: Particulars YoY (%) (Cr) (Cr) (Cr) • Contracted owing to sustained weakness in Consumer Products 858 883 (2.9%) 872 consumer sentiment Lighting Solutions 255 276 (7.4%) 240 • Margins under pre
Slide 11: Cash Flow Summary: H1 FY'24
Cash Flow Summary: H1 FY’24 Particulars INR Cr Commentary Profit Before Tax 98 Adjustments for : Cash Flow from Operating Activities (CFO) : • Non-Cash items 75 • (Increase) / Decrease in Working Capital (93) • Positive CFO of INR 92 Cr contributed by Taxes Paid 15 operating profits Discontinued ope
Slide 12: Cash Position
Cash Position (INR Cr) As on As on As on Particulars Sep’23 Jun’23 Mar’23 Cash & Cash Equivalent 78 192 342 Investment (surplus funds) 126 218 69 Sub-Total 204 410 411 Gross Debt - - - Net Position 204 410 411 Net Worth 1,348 1,948 1,907 CRISIL ratings : 1. Total Bank Loan Facilities for INR 2,100 c
Slide 13: Business Highlights
Table of Contents 1 Q2 FY’24 – FMEG Performance Overview 2 Financial Highlights 3 Business Highlights 4 Updates on corporate restructuring and consolidation 12
Slide 14: New Product Launches: Consumer Products (BAJAJ)
New Product Launches: Consumer Products (BAJAJ) 99* Launches NINJA SERIES (Virtue 4 Jar SKIVE 5L Instant Water Hand Blender HB 23 KTP 1.7 Gold / Silver Bajaj Vienna OFR Series 750W) Heater • Multi-functional Blade • 3 Removable Multi- • Double wall Kettle • 5-Star Rated Instant • Bajaj DuraProtekTM
Slide 15: New Product Launches: Consumer Products (Morphy Richards)
New Product Launches: Consumer Products (Morphy Richards) 20* Launches Imperio Series SM 73 Luxe Rose (TWG) Impresso Coffee Maker AirCrisp 25L Air Fryer Oven WizPot 6L- Multicooker Contact Grill • 3 interchangeable plates – • Milk Frother with steam • 180-degree opening • In-built Air Fryer and • 6L
Slide 16: New Product Launches: Consumer Lighting
New Product Launches: Consumer Lighting 43* Launches LEDZ Inverter Ivora Mini Cut LED HYPERION DECO HYPERION Rope Light Lamp 15W / 20W / 30W CDL Panel 12W Batten 20W 120 LED B22 • Backup Time upto 4 hours • Bright light with 520 lm/metre • Bright light with long life • Soothing light available in 4
Slide 17: New Product Launches: Professional Lighting
New Product Launches: Professional Lighting 55* Launches solpole P solpole D Solar Column Solar Column Decorative Double Arm Post Top Light Light Pole Pole Suitable for wider Warm and areas, attached encompassing with two glow that luminaries and all transforms powered by solar Gladden Advance fort
Slide 18: New Product Launches: Professional Lighting (Architectural)
New Product Launches: Professional Lighting (Architectural) BUGA MERC LIMO Round Projectors Square Projectors Linear Wall Washers • Die-Casting • Die-Casting • Extruded Aluminum Aluminium with Aluminium with with corrosion corrosion powder corrosion powder powder coating. coating coating • High powe
Slide 19: Onam Multimedia Campaign: BAJAJ
Onam Multimedia Campaign: BAJAJ Multimedia Onam Campaign in Kerala- Print, Digital and BTL 18
Slide 20: Digital Influencer Interventions
Digital Influencer Interventions Chef Kunal Kapur (PAN India) and Chef Vismai (South Centric) Multi-Platform Digital Influencer Campaign 19
Slide 21: Morphy Richards: Grooming E-commerce Launch
Morphy Richards: Grooming E-commerce Launch Tripti Dimri Ahan Shetty Parul Gulati Strategically showcased DVC on multiple platforms, collaborated with influencers, amplified social media reach 20
Slide 22: Morphy Richards: Festive Celebrations
Morphy Richards: Festive Celebrations Celebrated Onam with a Sadhya preparation video and Rakhi with an engaging influencer video for a festive celebration 21
Slide 23: Updates on corporate restructuring and consolidation
Table of Contents 1 Q2 FY’24 – FMEG Performance Overview 2 Financial Highlights 3 Business Highlights 4 Updates on corporate restructuring and consolidation 22
Slide 24: Updates on corporate restructuring and consolidation
Updates on corporate restructuring and consolidation BAJEL Projects Limited Nirlep Appliances Private Limited • Scheme of demerger made effective from 1st • Joint petition filed with Hon’ble NCLT, Mumbai September, 2023 bench was heard on 13th September, 2023 • Mr. Rajesh Ganesh appointed as Additio
Slide 25: Shareholding Pattern as on 30th September, 2023
Shareholding Pattern as on 30th September, 2023 Bajaj Electricals Limited 14.6% CIN: L31500MH1938PLC009887 Regd. Office: 45/47, Veer Nariman Road, Fort, Mumbai 400023 10.5% Website: www.bajajelectricals.com IR related queries (Bajaj Electricals Limited): Suketu Shah (suketu.shah@bajajelectricals.com