Bharat Forge Ltd · NSE:BHARATFORG
Bharat Forge — Investor Presentation (June 2016)
18 slides from Bharat Forge's investor presentation, June 2016
Slide 1: Investor Presentation June 2016
INVESTOR PRESENTATION June 2016 | 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$ 1.2 Bn Geography Capacity (TPA) • 9 Manufacturing locations across 4 countries. 403,750 • Global Marquee Customer base of more than 35 OEM’s &Tier- 1 companies acr
Slide 3: Bharat Forge Limited – Key Differentiators
Bharat Forge Limited – Key Differentiators Full service supply capability Technology & Innovation Strong focus on product & process innovation. Development partners Relationship Leveraging relationship to expand Key in to new sectors Differentiators Strong Marquee Clientele Customers Biggest custome
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’ 4. From a ‘Generic Supplier’ to a ‘Partner of TECHNO- Choice’ LOGY 5. From an ‘Indian Company’ to a ‘Global ENGINEERING Comp
Slide 5: Key Performance Indicators: FY 2016
Key Performance Indicators: FY 2016 Growth of Passenger vehicle export business 87% growth in FY 16 as compared to FY15 Net Debt free by FY 2018 Net Debt/ Equity at 0.19 EBITDA Margins to be in the range of 29 -31% Maintained at 30% New customers/Products New customer addition in Domestic PV market
Slide 6: Standalone Results – Q4 FY 2016 v/s Q3 FY 2016
Standalone Results – Q4 FY 2016 v/s Q3 FY 2016 (INR Million) Particulars Q4 FY16 Q3 FY16 % change Shipment Tonnage 52,413 50,741 3.3% Domestic Revenue 4,818 4,230 13.9% Export Revenue 5,263 6,290 (16.3)% Total Revenue 10,081 10,520 (4.2)% EBITDA 3,045 3,301 (7.8)% EBITDA % 30.2% 31.4% PBT before Ex
Slide 7: Standalone Results – Q4 FY 2016 v/s Q4 FY 2015
Standalone Results – Q4 FY 2016 v/s Q4 FY 2015 (INR Million) Particulars Q4 FY16 Q4 FY15 % change Shipment Tonnage 52,413 56,679 (7.5)% Domestic Revenue 4,818 4,859 (0.8)% Export Revenue 5,263 7,380 (28.7)% Total Revenue 10,081 12,239 (17.6)% EBITDA 3,045 3,675 (17.1)% EBITDA % 30.2% 30.0% PBT befor
Slide 8: Standalone Results – FY 2016
Standalone Results – FY 2016 (INR Million) Particulars FY 2016 FY 2015 Growth % Shipment Tonnage 209,697 211,668 (0.9)% Domestic Revenue 18,452 18,274 1.0% Export Revenue 24,602 27,207 (9.6)% Total Revenue 43,054 45,481 (5.3)% EBITDA 13,298 13,563 (2.0)% EBITDA % 30.9% 29.8% PBT before Ex Gain/ (los
Slide 9: Geographical Breakup - Standalone
Geographical Breakup - Standalone FY 2016 FY 2015 3% India 3% India 18% 19% Americas 40% Americas 43% Europe Europe 36% 38% Asia-Pac Asia-Pac Particulars (INR Million) FY 2016 FY 2015 % Change India 18,452 18,274 1.0 Americas 15,443 17,413 (11.3) Europe 7,938 8,447 (6.0) Asia Pacific 1,221 1,347 (9.
Slide 10: Segmental Breakup - Standalone
Segmental Breakup - Standalone FY 2016 FY 2015 9% Commercial 8% Commercial Vehicles Vehicles 54% Industrial 46% 37% Industrial 46% Passenger Passenger Vehicles Vehicles Particulars (INR Million) FY 2016 FY 2015 % Change Commercial Vehicles 21,448 19,277 11.3 Industrial 14,929 19,461 (23.3) Passenger
Slide 11: Standalone Financial Ratios
Standalone Financial Ratios 1.00 1.00 0.80 0.80 0.60 0.51 0.51 0.60 Mar-16 Mar-16 0.40 Mar-15 0.40 Mar-15 0.19 0.22 0.20 0.20 0.00 0.00 Debt Equity Ratio Debt Equity Ratio (Net) 50.0% 50.0% 40.0% 40.0% 30.0% 30.0% 20.2% 22.7% Mar-16 20.7% Mar-16 19.4% 20.0% Mar-15 20.0% Mar-15 10.0% 10.0% 0.0% 0.0%
Slide 12: Industrial Segment – Focus on New Sectors
Industrial Segment – Focus on New Sectors INDUSTRIAL BUSINESS ENERGY I N F R A S T R U C T U R E S U P P LY B U S I N E S S OIL & GAS POWER NUCLEAR, THERMAL, WIND TRANSPORTATION RAIL MARINE AEROSPACE CONSTRUCTION & MINING CONSTRUCTION METAL & MINING GENERAL ENGINEERING MAKING IN INDIA FOR THE WORLD
Slide 13: Industrial Segment – Outlook on commodity related & allied sectors
Industrial Segment – Outlook on commodity related & allied sectors Construction/Agri/Mining/Power Gen Oil & Gas Construction Mining Power Gen / Agricultural All Oil majors & tiered companies making substantial losses Flat Weak Weak Rig counts have decreased drastically (70% Flat Weak - lower)
Slide 14: Diversifying Industrial sector business
Diversifying Industrial sector business • Focusing on increasing presence in non- commodity & allied sectors. • Broaden scope of product offering with industrial customers. • Initiated actions to break into new customers • Continue focus on transportation sector (Aerospace & Railways): Steady progre
Slide 15: State of Markets / BFL Engagement
State of Markets / BFL Engagement YEAR YEAR YEAR YEAR YEAR SECTOR DE RISKED BUSINESS MODEL 2001 2004 2012 2015 2017 TRUCK PASSENGER CAR GEOGRAPHICAL DIVERSIFICATION CONSTRUCTION MINING SECTOR DIVERSIFICATION AGRICULTURE OIL & GAS PRODUCT EXPANSION AEROSPACE 30,000 Revenue Development Exports (INR Mi
Slide 16: 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 16
Slide 17: State of Markets
State of Markets NORTH Particulars INDIA AMERICA EUROPE Commercial Vehicles Passenger Vehicles – High End Passenger Vehicles – Mass Market Oil & Gas Construction Mining Aerospace Power (Renewable & Thermal) MAKING IN INDIA FOR THE WORLD 17
Slide 18: Thank You
<* BHARAT FORGE Ww KALYANI THANK YOU