Bajaj Electricals Limited · NSE:BAJAJELEC
Bajaj Electricals — Q1 FY2023 Earnings Presentation
22 slides from Bajaj Electricals's earnings presentation, Aug 12, 2022
Slide 1: Exchange filing cover letter
August 12, 2022 To, BSE Limited : Scrip Code‐ 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 Si
Slide 2: Investor Presentation: Q1 FY'23
Investor Presentation : Q1 FY’23 12th August, 2022
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. Performance Overview 2. Financial Overview 3. Business Highlights 4. Digital Transformation Note : All financials depicted in this presentation are based on Consolidated Financial Results 3
Slide 5: Performance Overview: Q1 FY'23
Performance Overview : Q1 FY’23 CP Performance (57.6% YoY growth, 3 Year CAGR at 7.4%) • Synchronised growth across all channels in domestic market • Approximate INR c.1,000 crores levels despite disruption in May’22 on account of SAP transition** • Operating Margin at subdued 6% mainly due to inven
Slide 6: Financial Overview: Q1 FY'23
• Profit & Loss Statement • Segment Details Financial Overview : Q1 FY’23 • Operational Highlights • Cash Flow Summary • Net Cash Position 5
Slide 7: Profit & Loss (P&L) Statement
(All fig. in INR Crores) Profit & Loss (P&L) Statement Particulars Q1 FY’23 Q1 FY’22 YoY Gr (%) Q4 FY’22 Commentary Net Sales 1,229 857 43.4% 1,334 Gross Margin : Less : COGS 852 568 50.0% 988 • Decline in excess of 300 bps mainly on account of high volatility in raw Gross Margin 377 288 30.6% 346 m
Slide 8: Segment Details
Segment Details Segment Revenue Commentary Q1 FY’23 Q1 FY’22 YoY Gr Q4 FY’22 CP Segment : Growth across all channels in Particulars domestic market (in Crores) (in Crores) (in %) (in Crores) 973 617 57.6% 1,038 EPC Segment : Consumer Products • Illumination BU continues its scaling EPC 256 240 6.9%
Slide 9: Operational Highlights
Operational Highlights Category Growth (YoY) Commentary Fans : • c.65% growth on YoY basis and 3-Yr CAGR of 7.4% • Premium contribution at c.20% backed by c.40 new launches in last 2 years Appliances: 52.5% Fans: 64.9% Lighting : 89.7% MR : (8.8)% Lighting : • c.90% growth on YoY basis on account of
Slide 10: Cash Flow Summary
Cash Flow Summary (All fig. in INR Crores) Particulars Q1 FY’23 Commentary Profit Before Tax 57 Working capital : Adjustments for : • Trade receivables collections led by centralised monitoring (INR 134 crores from PD receivables & • Non-Cash items 29 improvement in PT & Illumination to the tune of
Slide 11: Net Cash Position
Net Cash Position (All fig. in INR Crores) Particulars As on Jun’22 As on Mar’22 As on Mar’21 Gross Debt 15 45 471 Less: Cash & Cash Equivalent 100 119 46 Net Debt (86) (74) 425 Net Worth 1,749 1,705 1,578 Net Debt / Equity (x) NA NA 0.3 CRISIL ratings : 1. Total Bank Loan Facilities for INR 2,000 c
Slide 12: Business Highlights
• New Launches (Consumer Products, Illumination) • Brand Campaigns (Consumer Products) Business Highlights • Project Update (Power Transmission, Distribution) • Awards & Recognitions 11
Slide 13: Launches in Q1: New Product Launches (Fans)
New Product Launches (Fans) Jewent Unique design , enhanced aesthetics z Astor Esperanza Silent operation, 4-star fan with Non-twist ABS blades Inverter Technology High air delivery 10 Launches in Q1 12
Slide 14: Launches in Q1: Appliances & Lighting
New Product Launches (Appliances & Lighting) Eye Care Lamp 3B Gas Stove Low Flicker, Best CCT – 5000K Non-Battery, Auto Ignition and Wider Spectrum Technology 13 Launches z in Q1 Ivora LED Batten Alluro Dry Iron Motion Sensor operation, High Glide Edge for Reverse Lumen efficacy of 100 Lm/W Ironing
Slide 15: Brand Campaigns (Consumer Products)
Brand Campaigns (Consumer Products) Fans Seasonal Pan India Campaign- 3 TVCs Air Coolers Pan India Campaign Nirlep Print Campaign 14
Slide 16: Launches in Q1: New Product Launches (Illumination)
New Product Launches (Illumination) Amaze Plus 1000 Beam LED floodlight, 1000W Seamless & secure Redefining sports lighting Drive with exemplary visibility 85 Launches in Q1 Amaze Plus 500 Archner LED floodlight, 500W Post top luminaire Reinventing Natural Light for Bright, Beautiful & Efficient Out
Slide 17: Project Update
Project Update Power Transmission (PT) 66kV D/C Ckt I & II 220kV DC • 50 c-kms commissioned in Q1 FY’23 Lodhawal to GT Road Sub-station Naubatpur Bhusala line • INR c.87 crs of inward orders in Q1 FY’23 (INR 61.6 crs under transmission line segment) • L1 in INR c.36 crs worth of orders in transmissi
Slide 18: Awards & Recognitions
Awards & Recognitions Morphy Richards wins ‘Product of the Year 2022’ by NielsenIQ in OTG and Water heater categories 17
Slide 19: Digital Transformation
> BAIA Digital Transformation 18
Slide 20: Transition to SAP 4HANA
Transition to SAP 4HANA Integrated System Landscape Implementation in Phase 1 Implementation in Phase 2 Existing and integrated
Slide 21: Thank You
Thank You 20
Slide 22: Shareholding Information
Shareholding Information Pattern as on 30th June, 2022 14.1% For IR related queries 12.4% Write to us at Rakesh Dash Rakesh.dash@bajajelectricals.com 10.5% 63.0% Suketu Shah Suketu.shah@bajajelectricals.com Promoter & Promoter Group Foreign Institutional Investors Domestic Investors Others/Retail In