Slide 1: Cover letter to stock exchanges
November 8, 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 S
Slide 2: Investor Presentation: Q2 FY'23
Investor Presentation: Q2 FY’23 8th November, 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 • New Operating Segments Structure • Performance Overview • Financial Overview • Business Highlights • Brand Update
Slide 5: New Operating Segments Structure
New Operating Segments Structure Erstwhile (Until 30-Jun-22) New (w.e.f. 1-Jul-22) Operating segments Operating segments Consumer Consumer Lighting Others EPC ** Products EPC Products Solutions Professional Power Power Wind Consumer Professional Lighting* Transmission Distribution Energy Lighting Li
Slide 6: Performance Overview: Q2 FY'23
Performance Overview : Q2 FY’23 Core FMEG* Performance (Moderate degrowth of 2.8%; 3year CAGR: 11.2%) • Consumer side (B2C) de-grew by 4% because of high inflation resulting in lower offtake • Industrial & Infra side (B2B) grew by 4% on YoY basis due to strong execution & healthy order book • Operat
Slide 7: Financial Overview
Financial Overview • Profit & Loss Statement • Segment Details • Operational Highlights • Cash Flow Summary • Cash Position
Slide 8: Profit & Loss (P&L) Statement
Profit & Loss (P&L) Statement (All fig. in INR Crores) Particulars Q2 FY’23 Q2 FY’22 YoY Gr (%) Q1 FY’23 Commentary Net Sales 1,226 1,302 (5.9)% 1,229 Gross Margin : Less : COGS 838 918 (8.7)% 852 • Expansion of 220 bps mainly driven by margin expansion in Lighting Gross Margin 388 384 0.8% 377 Solu
Slide 9: Segment Details
Segment Details Segment Revenue Commentary Q2 FY’23 Q2 FY’22 YoY Gr Q1 FY’23 Particulars (in Crores) (in Crores) (in %) (in Crores) Consumer Products Segment : Consumer Products 883 905 (2.4)% 855 • Moderate de-growth amidst high inflation, rural stress and weak consumer demand Lighting Solutions 27
Slide 10: Operational Highlights
Operational Highlights Category Growth Growth (YoY): (YoY): CP CP Segment Segment Commentary Appliances : • 3-Yr CAGR at c.18% for the quarter • Robust growth across all home comfort appliances viz. water heaters , coolers and irons Appliances: 2.3% Fans: (7.0%) MR : (25.8%) Fans : Receivables* (net
Slide 11: Cash Flow Summary: H1 FY'23
Cash Flow Summary: H1 FY’23 Particulars (INR Crs) Commentary Profit Before Tax 141 Cash Flow from Operating Activities (CFO) : Adjustments for : • Non-Cash items 61 • Positive CFO of INR 178 crs contributed by operating profits and release of • (Increase) / Decrease in WC 12 working capital • Taxes
Slide 12: Cash Position
Cash Position (All fig. in INR Crores) Particulars As on Sep’22 As on Jun’22 As on Mar’22 Cash & Cash Equivalent 174 100 119 Investment (surplus funds) 39 154 24 Sub-Total 213 254 143 Gross Debt 9 15 45 Net Position 204 239 98 Net Worth 1,783 1,749 1,705 CRISIL ratings : 1. Total Bank Loan Facilitie
Slide 13: Business Highlights
Business Highlights • New Launches (Consumer Products, Consumer and Professional Lighting) • Marquee project (Professional Lighting) • Project Update (Power Transmission, Distribution) • Awards & Recognitions
Slide 14: New Product Launches: Consumer Products
New Product Launches: Consumer Products Juvel Digi Mixer Grinder KUBE Water Heater • DuraCut® Blades with Lifetime Warranty • Digital Display & 4 Preset Menus • BEE 5 star rating • Hands-Free Operation • Water ripple design • 7 year warranty (tank) 31* SteamPro Launches • 1300-Watt Garment Steamer i
Slide 15: New Product Launches: Consumer Lighting
New Product Launches: Consumer Lighting Hyperion Multi CCT Batten Multi CCT Option for changing to different CCT – CDL/WDL/NDL Eye Care Batten Low Flicker, Best CCT – 5000K 19* and Wider Spectrum Launches in LEDZ Pingpong Rainbow Lamp Q2 Auto Colour changing decoration lamp with 7 different colours
Slide 16: New Product Launches: Professional Lighting
New Product Launches: Professional Lighting Mini Borage • New aesthetically appealing design. • Top & Post Mounting. Easy to Install & Maintain Optibay • 120Lumens/Watt Efficacy Tulip 1M Bollard (15W) • Round Form Factor Luminaire • Opal PC Diffuser. CC Driver with High, Open, Short Circuit Protecti
Slide 17: LEDification: Saurashtra Cricket Stadium, Rajkot
LEDification: Saurashtra Cricket Stadium, Rajkot
Slide 18: Project Update
Project Update Power Transmission (PT) • New orders worth INR 657 crs secured during the quarter (> 90% secured from PGCIL) • 400kV Suspension and Tension Monopoles successfully type tested at CPRI (withstanding 120% loads) • 765kV Suspension conventional lattice tower successfully type tested at CP
Slide 19: Awards & Recognitions
Awards & Recognitions Recognised at the Technology Excellence Awards 2022 by Quantic India in the category ‘Best Digital Transformation Project (Electronics)’ for CITISOL LMS Platform for Smart Lighting
Slide 20: Brand Update
Brand Update
Slide 21: New Brand Identity: BAJAJ
New Brand Identity : BAJAJ https://www.youtube.com/watch?v=IyPGeFOWoew
Slide 22: New Brand Identity: Morphy Richards
New Brand Identity : Morphy Richards https://www.youtube.com/watch?v=U0OB9MVPPBM
Slide 23: THANK YOU
THANK YOU BA. AS
Slide 24: Shareholding Information
Shareholding Information Pattern as on 30th Sep, 2022 14.0% For IR related queries 12.3% Write to us at Rakesh Dash Rakesh.dash@bajajelectricals.com 10.8% 62.9% Suketu Shah Suketu.shah@bajajelectricals.com Promoter and Promoter Group Foreign Institutional Investors Domestic Investors Others/ Retail