Slide 1: Investor Presentation August 2019
INVESTOR PRESENTATION AUGUST 2019 1
Slide 2: Bharat Forge Overview
Bharat Forge Overview GLOBAL VERTICALLY ROBUST MANUFACTURING 10 locations across INTEGRATED FINANCIALS 5 countries ‐ With end‐to‐end Consolidated Revenue US, Germany, Sweden, capabilities US$ 1.6 B France and India MARQUEE GLOBAL CUSTOMERS LEADERSHIP Leading Automotive LARGEST In Powertrain OEMs & T
Slide 3: Standalone Numbers – Q1 FY 2020
Standalone Numbers – Q1 FY 2020 (INR Million) Domestic Sales EBITDA 6,354 Export Sales Profit Before Tax 4,288 Before Exchange Gain/ Loss 5,939 3,519 (6.5)% 8,443 (17.9)% 7,527 3,554 (10.8)% 2,646 Q1 FY20 Q1 FY19 Q1 FY20 Q1 FY19 (25.5)% Q1 FY20 Q1 FY19 Q1 FY20 Q1 FY19 3
Slide 4: Segmental Breakup - Standalone
Segmental Breakup ‐ Standalone (INR Million) Commercial Vehicles Passenger Vehicles Industrials 49 % 14 % 37 % of total revenues of total revenues of total revenues Q1 FY 2020: 6,052 Q1 FY 2020: 1,742 Q1 FY 2020: 4,519 Q1 FY 2019 : 6,627 Q1 FY 2019 : 1,715 Q1 FY 2019 : 5,491 (8.7) % +1.6 % (17.7) %
Slide 5: Geographical Breakup - Standalone
Geographical Breakup ‐ Standalone (INR Million) India USA Europe Rest of World 44 % 39 % 14 % 3% of total revenues of total revenues of total revenues of total revenues Q1 FY 2020: 5,939 Q1 FY 2020: 5,302 Q1 FY 2020: 1,853 Q1 FY 2020: 372 Q1 FY 2019 : 6,354 Q1 FY 2019 : 5,739 Q1 FY 2019 : 2,503 Q1 F
Slide 6: Strong Balance Sheet
Strong Balance Sheet (INR Million) Particulars June 30, 2019 March 31, 2019 Long Term Debt 15,796 15,722 WC & Bill Discounting 15,682 16,220 Equity 55,612 53,982 Cash 18,266 17,252 D/E 0.57 0.59 D/E (Net) 0.24 0.27 Long Term D/E (Net) (0.05) (0.03) ROCE (Net of cash) 15.4% 24.7% RONW 12.5% 19.8% 6
Slide 7: International Operations
International Operations (INR Million) Particulars Q1 FY20 Q4 FY19 Q1 FY19 Total Income 8,107 7,863 8,308 EBITDA 426 316 704 EBITDA % 5.3% 4.0% 8.5% PBT before Exceptional (80) 3 266 Item Performance will track the underlying market going forward Continue to focus on margin improvement by improv
Slide 8: Consolidated Numbers – Q1 FY20
Consolidated Numbers – Q1 FY20 (INR Million) Particulars Q1 FY20 Q4 FY19 Q1 FY19 Particulars June 30, 2019 March 31, 2019 Total Income 23,279 26,708 24,137 Long Term Debt 19,755 19,350 EBITDA 4,148 5,600 4,901 Equity 55,504 54,059 EBITDA % 17.8% 21.0% 20.3% Cash 19,213 18,352 PBT before 2,761 4,648
Slide 9: De-risking and Growing
De‐risking and Growing Reduced dependence on Auto sector Strong growth in Export Industrials and Passenger Diversified Industrials business across geographies Vehicles FY 2009 FY 2019 Domestic CV 13% 18% 20% 27% Export CV 19% Domestic PV 26% Export PV 34% 17% 7% 7% Domestic 8% Industrials 4% Ex
Slide 10: Resilient Operating Model
Resilient Operating Model FY 2019 FY 2019 28.8% FY 2017 24.9% FY 2017 28.5% 21.6% DEBT / EBITDA FY 2009 FY 2013 FY 2013 4.05 23.3% 14.2% FY 2013 FY 2009 FY 2009 2.55 21.7% 11.9% FY 2017 FY 2019 1.48 1.56 EBITDA MARGINS PBT MARGINS 10
Slide 11: ...Driven by Segmental Diversification
...Driven by Segmental Diversification YEAR YEAR YEAR YEAR YEAR SECTOR FOCUS ON A DE‐ RISKED BUSINESS MODEL 2001 2004 2012 2015 2017 TRUCK GEOGRAPHICAL DIVERSIFICATION PASSENGER CAR CONSTRUCTION & MINING SECTOR DIVERSIFICATION AGRICULTURE OIL & GAS PRODUCT EXPANSION AEROSPACE 11
Slide 12: New Strategic Business
New Strategic Business 1 Light Weighting Center 2 E‐Mobility 3 Transmissions 4 New Technologies 12
Slide 13: Addressing E-Mobility Opportunity
Addressing E‐Mobility Opportunity Develop solutions across the entire spectrum of EV’s from low voltage powertrains in personal mobility to high voltage applications for commercial vehicles Strategic investment in EV Strategic investment in EV R&D facility in UK for powertrain start‐up company
Slide 14: Leveraging our strengths
Leveraging our strengths People Technology & Innovation Future Growth A strong knowledge Steadfast focus on new product We are leveraging all our workforce development and emerging strengths to drive our next leg technologies of growth Capacity Customer Relationship Financials State of the art advan
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 KALYANI Thank You 16