Bharat Forge Ltd · NSE:BHARATFORG
Bharat Forge — Investor Presentation (November 2017)
16 slides from Bharat Forge's investor presentation, November 2017
Slide 1: Investor Presentation November 2017
INVESTOR PRESENTATION November 2017 | 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 Q2 FY 2018
Standalone Results Q2 FY 2018 (INR Million) Particulars Q2 FY18 Q2 FY17 % change Shipment Tonnage 58,659 46,203 27.0 Domestic Revenue 5,541 4,394 26.1 Export Revenue 7,039 4,515 55.9 Total Revenue 12,580 8,909 41.2 EBITDA 3,815 2,528 50.9 EBITDA % 30.3% 28.4% PBT before Ex Gain/ (loss) 3,183 1,922 6
Slide 5: Standalone Results H1 FY 2018
Standalone Results H1 FY 2018 (INR Million) Particulars H1 FY18 H1 FY17 % change Shipment Tonnage 114,363 95,301 20.0 Domestic Revenue 10,835 9,360 15.8 Export Revenue 13,753 8,594 60.0 Total Revenue 24,588 17,954 36.9 EBITDA 7,272 5,065 43.6 EBITDA % 29.6% 28.2 PBT before Ex Gain/ (loss) 5,940 3,80
Slide 6: Geographical Revenue H1 FY18
Geographical Revenue H1 FY18 16% 10,835 101% 9,360 9,144 3% H1 FY17 15% India H1 FY18 7% 45% Americas Europe 4,561 37% 3,795 68% Asia-Pac 3,550 814 483 India Americas Europe Asia-Pac * Values in INR million BHARAT FORGE MAKING IN INDIA FOR THE WORLD 6
Slide 7: Segmental Revenue H1 FY18
Segmental Revenue H1 FY18 17% 80% 10,485 10,782 H1 FY17 8,937 H1 FY18 8% Commercial Vehicles 45% Industrial 5,992 4% 47% Passenger Vehicles 1,830 1,912 Commercial Industrial Passenger Vehicles Vehicles * Values in INR million BHARAT FORGE MAKING IN INDIA FOR THE WORLD 7
Slide 8: A Healthy Balance Sheet
A Healthy Balance Sheet Particulars September 30, 2017 March 31, 2017 Long Term Debt 15,036 15,220 Working Capital & Bill Discounting 9,330 9,085 Equity 44,014 42,319 Cash 15,473 14,184 D/E (Net) 0.20 0.24 Long Term D/E (Net) (0.01) 0.02 ROCE (Net of cash) 21.1 % 14.9 % RONW 17.2 % 12.9 % BHARAT FOR
Slide 9: Financials - International Operations
Financials - International Operations (INR Million) Particulars Jul – Sep Jul – Sep % change 2017 2016 Total Income 6,263 4,995 25.4 EBITDA 483 418 15.5 EBITDA % 7.7% 8.4% PBT 51 29 74.3 • Growth in revenues on account of increased share with customer. • Continue to focus on operational efficiencies
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: Way forward
Way forward De-risk Deleverage Focus on increasing Continue to focus on share of counter- asset light model & cyclical sectors. lean balance sheet. Develop Demonstrate New product development to Focus on assimilation & increase content per equipment. implementation of new New products to lead growth
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