Bharat Forge Ltd · NSE:BHARATFORG
Bharat Forge — Investor Presentation (February 2018)
16 slides from Bharat Forge's investor presentation, February 2018
Slide 1: Investor Presentation February 2018
INVESTOR PRESENTATION February 2018 | Bharat Forge Ltd. | Pune MAKING IN INDIA FOR THE WORLD
Slide 2: A Snapshot
A Snapshot REVENUE REVENUE BREAK-UP BY GEOGRAPHY – FY 2017 Consolidated Revenue: US$ 1.1 B Standalone Revenue: 4,066 INR Crores 2% 10 Manufacturing locations across 5 countries India 33% 43% USA WORKFORCE Europe Global Workforce of 5,000+ employees Asia-Pac 23% MARQUEE CUSTOMERS Leading Automotive O
Slide 3: Key Differentiators
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 Marquee Clientele Cust
Slide 4: Standalone Results Q3 FY 2018
Standalone Results Q3 FY 2018 (INR Million) Particulars Q3 FY18 Q3 FY17 % change Shipment Tonnage 65,050 47,083 38.2 Domestic Revenue 6,095 4,585 32.9 Export Revenue 7,811 4,852 61.0 Total Revenue 13,906 9,437 47.4 EBITDA 4,115 2,719 51.3 EBITDA % 29.6% 28.8% PBT before Ex Gain/ (loss) 3,384 2,005 6
Slide 5: Standalone Results 9M FY 2018
Standalone Results 9M FY 2018 (INR Million) Particulars 9M FY18 9M FY17 % change Shipment Tonnage 179,413 142,384 26.0 Domestic Revenue 16,930 13,945 21.4 Export Revenue 21,564 13,446 60.4 Total Revenue 38,494 27,391 40.5 EBITDA 11,387 7,784 46.3 EBITDA % 29.6 % 28.4 % PBT before Ex Gain/ (loss) 9,3
Slide 6: Geographical Revenue 9M FY18
Geographical Revenue 9M FY18 21% 99% 16,930 9M FY17 9M FY18 14,612 3% 13,945 15% India Americas 9% 44% Europe 7,327 38% Asia-Pac 5,231 5,717 39% 1,234 887 India Americas Europe Asia-Pac * Values in INR million MAKING IN INDIA FOR THE WORLD 6
Slide 7: Segmental Revenue 9M FY18
Segmental Revenue 9M FY18 25% 70% 16,432 16,414 9M FY17 9M FY18 9% Commercial 13,129 Vehicles 9,680 45% Industrial 25% 45% Passenger Vehicles 3,404 2,726 Commercial Industrial Passenger Vehicles Vehicles * Values in INR million MAKING IN INDIA FOR THE WORLD 7
Slide 8: A Healthy Balance Sheet
A Healthy Balance Sheet Particulars December 31, 2017 March 31, 2017 Long Term Debt 13,133 15,220 Working Capital & Bill Discounting 11,057 9,085 Equity 45,467 42,319 Cash 15,189 14,184 D/E (Net) 0.20 0.24 Long Term D/E (Net) (0.05) 0.02 ROCE (Net of cash) 21.7 % 14.9 % RONW 17.8 % 12.9 % MAKING IN
Slide 9: Financials - International Operations
Financials - International Operations (INR Million) Particulars Oct – Dec Oct – Dec % change 2017 2016 Total Income 7,177 5,051 42.1 EBITDA 647 474 36.5 EBITDA % 9.0% 9.4% PBT 205 89 • Robust performance of international operations. • New product development on light-weighting initiatives aiding gro
Slide 10: 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 10
Slide 11: Through Segmental Diversification
….. through Segmental Diversification YEAR YEAR YEAR YEAR YEAR SECTOR 2001 2004 2012 2015 2017 TRUCK PASSENGER CAR CONSTRUCTION & MINING AGRICULTURE OIL & GAS AEROSPACE FOCUS ON A DE- RISKED BUSINESS MODEL GEOGRAPHICAL DIVERSIFICATION SECTOR DIVERSIFICATION PRODUCT EXPANSION BHARAT FORGE MAKING IN I
Slide 12: "Make in India" Thrust to the Industrial business
“Make in India” Thrust to the Industrial business FY 2017 Industrials which contributed 19% to FY 2006 domestic revenues, now contribute 43% 19% 43% 7,148 6,238 6,304 5,615 6,661 5,606 5,102 3,194 3,021 3,582 2,729 2,344 11% CAGR growth in Domestic Industrial revenues FY 2006 FY 2007 FY 2008 FY 2009
Slide 13: Changing the Approach: An Asset Light Capex
Changing the Approach An Asset Light Capex CUSTOMER PRODUCT Capacity Focus CAPEX PEOPLE Shift To PRODUCT CAPEX Capability Focus PEOPLE CUSTOMER BHARAT FORGE MAKING IN INDIA FOR THE WORLD 13
Slide 14: Addressing e-Mobility Opportunity
Addressing e-Mobility Opportunity R&D facility in UK for Strategic investment in EV powertrain solutions of start-up Electric Vehicles Gain technical expertise on Develop solutions across the Technical Training EV powertrain development entire spectrum of EV’s from Complementing capabiliti
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