Bharat Forge Ltd · NSE:BHARATFORG
Bharat Forge — Q3 FY2022 Earnings Presentation
16 slides from Bharat Forge's earnings presentation, February 2022
Slide 1: Bharat Forge Ltd Analyst Update – Q3FY22
BHARAT FORGE LTD ANALYST UPDATE – Q3FY22
Slide 2: Analyst Update- Q3FY22 Results
Analyst Update- Q3FY22 Results BFL 3 Month Report: “Q3 FY22 performance was on expected lines. Total sales were flat as compared to the previous quarter with exports revenues declining by around 10% while the domestic revenues grew by 16.5%. The drop in exports revenues were MANAGEMENT COMMENTS prim
Slide 3: Standalone Financial Highlights Q3 FY22
Standalone Financial Highlights Q3 FY22 REVENUE MANAGEMENT COMMENTS 16,021 16,066 10,357 • Total revenues in Q3 FY22 at Rs 16,021 million witnessed a marginal STANDALONE HIGHLIGHTS decline as compared to the previous quarter. While domestic revenues witnessed a healthy 16.5% growth, exports register
Slide 4: Review of India Business
Review of India Business Commercial Vehicles MANAGEMENT COMMENTS 1,955 Automotive Business: The CV sector performance in the quarter came back to normalcy ably supported by pick up industrial activity and fleet utilization rates. The 1,657 sector production increased by 30.3% to 74,555 units in Q3 F
Slide 5: Review of International Business
Review of International Business Commercial Vehicles MANAGEMENT COMMENTS 4,780 Automotive Business: The North American Class 8 truck market demand continued 3,830 to remain strong with parameters such as order backlog, new orders and build rates 3,167 remaining robust. For CY21, Builds at 270, 640 w
Slide 6: Review of International Business
Review of International Business Rs. Million MANAGEMENT COMMENTS PARTICULARS Q3FY22 Q2FY22 Q3FY21 STANDALONE HIGHLIGHTS Americas 5,775 6,793 3,513 INDIA BUSINESS Europe 2,656 2,545 1,343 INTERNATIONAL BUSINESS Asia Pacific 187 199 261 CONSOLIDATED HIGHLIGHTS Total 8,618 9,537 5,117 FINANCIAL ANNEXUR
Slide 7: Consolidated Financial Highlights Q3 FY22
Consolidated Financial Highlights Q3 FY22 REVENUE MANAGEMENT COMMENTS 23,947 23,856 17,232 Rs. Million STANDALONE HIGHLIGHTS Particulars December 31,2021 March 31, 2021 INDIA BUSINESS Q3 FY22 Q2 FY22 Q3 FY21 Long Term Debt 24,355 26,328 EBITDA WC & Bill Discounting 30,503 23,626 INTERNATIONAL BUSINE
Slide 8: Financial Annexures
FINANCIAL ANNEXURES fF. BHARAT FORGE |
Slide 9: Standalone P&L Highlights Q3 FY22
Standalone P&L Highlights Q3 FY22 Rs. Million MANAGEMENT COMMENTS STANDALONE FINANCIALS Q3FY22 Q2FY22 QoQ% Q3FY21 YoY% Shipment Tonnage 53,365 57,094 (6.5)% 50,943 4.8% STANDALONE HIGHLIGHTS Domestic Revenue 7,221 6,197 16.5% 5,158 40.0% Export Revenue 8,617 9,537 (9.6)% 5,117 68.4% INDIA BUSINESS O
Slide 10: Standalone P&L Highlights Q3 FY22
Standalone P&L Highlights Q3 FY22 Rs. Million MANAGEMENT COMMENTS STANDALONE FINANCIALS Q3FY22 Q2FY22 QoQ% Shipment Tonnage 53,365 57,094 (6.5)% STANDALONE HIGHLIGHTS Domestic Revenue (Less Traded Electronic 6,471 6,197 4.4% item) INDIA BUSINESS Export Revenue 8,617 9,537 (9.6)% Normalized Other Ope
Slide 11: Standalone Balance Sheet Highlights as on Dec 31, 2021
Standalone Balance Sheet Highlights as on Dec 31, 2021 Rs. Million MANAGEMENT COMMENTS Particulars (Standalone) December 31, 2021 March 31, 2021 STANDALONE HIGHLIGHTS Long Term Debt 18,369 20,636 Working Capital & Bill Discounting 20,381 15,567 INDIA BUSINESS Equity 67,485 59,486 INTERNATIONAL BUSIN
Slide 12: Consolidated P&L Highlights Q3 FY22
Consolidated P&L Highlights Q3 FY22 Rs. Million MANAGEMENT COMMENTS CONSOLIDATED FINANCIALS Q3FY22 Q2FY22 QoQ% Q3FY21 YoY% Total Revenue 23,947 23,856 0.4% 17,232 39.0% STANDALONE HIGHLIGHTS EBITDA 4,981 4,767 4.5% 3,114 60.0% EBITDA % 20.8% 20.0% 18.1% INDIA BUSINESS PBT 3,309 3,187 3.8% 1,551 113.
Slide 13: Subsidiary Financials
Subsidiary Financials Rs. Million MANAGEMENT COMMENTS Overseas Manufacturing Operations Jul - Sep 2021 April-Jun 2021 Jul – Sep 2020 Total Revenue 6,853 8,533 6,191 STANDALONE HIGHLIGHTS EBITDA 623 925 562 EBITDA % 9.1% 10.8% 9.1% INDIA BUSINESS PBT Before Exchange Gain/(Loss) (96) 246 (82) INTERNAT
Slide 14: Overseas Operations & Subsidiary Financials
Overseas Operations & Subsidiary Financials Rs. Million MANAGEMENT COMMENTS Indian Subsidiaries Oct – Dec 2021 Jul-Sep 2021 Oct – Dec 2020 Total Revenue 473 373 203 STANDALONE HIGHLIGHTS EBITDA 36 (14) (16) PBT Before Exchange Gain/(Loss) (15) (51) (38) INDIA BUSINESS INTERNATIONAL BUSINESS BFL + BI
Slide 15: Disclaimer
DISCLAMER 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 statement
Slide 16: Thank You
THANK YOU Bharat Forge Ltd Rajhagopalan S Tel: +91 98601 44866 Email: SRajhagopalan@bharatforge.com S-Ancial Technologies Pvt Ltd Vijay Gyanchandani / Vishal Mehta Tel: +91 96194 38448 / +91 93264 78472 Email: vijay@s-ancial.com vishal@s-ancial.com