Slide 1: Bharat Forge Limited Analyst Update – Q1 FY21 Results
BHARAT FORGE LIMITED Analyst Update – Q1 FY21 Results BFL 3 MONTH REPORT “The quarter gone by was impacted by the Covid19 pandemic and the stringent measures adopted by countries to control the spread. The government imposed economic lockdown coupled with lower underlying demand had an adverse impac
Slide 2: Standalone Financial Highlights Q1 FY21
STANDALONE FINANCIAL HIGHLIGHTS Q1 FY21 TABLE 1 Rs. Million Particulars Q1 FY21 Q4 FY20 QoQ % Q1 FY20 YoY % Shipment Tonnage 17,840 40,173 -55.6% 60,874 -70.7% Domestic Revenue 1,541 3,703 -58.4% 5,556 -72.3% Export Revenue 2,592 4,896 -47.1% 7,528 -65.6% Other Operating Income 137 213 381 Total Rev
Slide 3: Debt and equity table
TABLE 2 Rs Million Particulars June 30, 2020 March 31, 2020 Long Term Debt 18,550 18,351 Working capital & Bill Discounting 13,286 14,084 Equity 53,477 53,551 D/E 0.60 0.61
Slide 4: Review of India Business
REVIEW OF INDIA BUSINESS Automotive Business The domestic automotive industry was severely impacted by the outbreak of COVID-19 pandemic and the resultant nationwide lockdown imposed by the Government. As a result, there was no production of vehicles for a major part of the quarter. Most of the OEM’
Slide 5: Review of International Business
REVIEW OF INTERNATIONAL BUSINESS Automotive Business After strong growth in the North American Class 8 and European heavy truck production from CY 2016 to CY 2019, demand in CY 2020 was expected to decline as part of a normal cyclical slowdown, but it was further accelerated by the onset of COVID-19
Slide 6: Consolidated Financial Highlights Q1 FY21
CONSOLIDATED FINANCIAL HIGHLIGHTS Q1 FY21 TABLE 6 Rs. Million Particulars Q1 FY21 Q4 FY20 QoQ % Q1 FY20 YoY % Total Revenue 11,542 17,370 - 23,279 - EBIDTA 112 1,703 - 4,148 - EBIDTA % 1% 9.8% 17.8% PBT (1,191) 369 - 2,761 - Exchange Gain/ (loss) (224) (272) (44) Exceptional Items (27) (513) - PBT a
Slide 7: Consolidated Financials
CONSOLIDATED FINANCIALS TABLE 7 OVERSEAS MANUFACTURING OPERATIONS Rs. Million Particulars Jan-Mar 2020 Oct-Dec 2019 Jan-Mar 2019 Total Revenue 6,374 5,937 8,107 EBITDA 204 (206) 426 EBITDA % 3.2% - 5.3% PBT before Exchange Gain/(Loss) (357) (532) (80) TABLE 8 Indian Subsidiaries Rs. Million Particul