Bharat Forge Ltd · NSE:BHARATFORG
Bharat Forge — Investor Presentation (November 2018)
16 slides from Bharat Forge's investor presentation, November 2018
Slide 1: Investor Presentation November 2018
INVESTOR PRESENTATION November 2018 | Bharat Forge Ltd. | Pune MAKING IN INDIA FOR THE WORLD
Slide 2: Bharat Forge Overview
Bharat Forge Overview ROBUST GLOBAL VERTICALLY FINANCIALS MANUFACTURING INTEGRATED Consolidated 10 locations across With end-to-end Revenues 5 countries – capabilities US$ 1.4 B US, Germany, Sweden, France and India GLOBAL MARQUEE LARGEST LEADERSHIP CUSTOMERS Leading Automotive Single location In Po
Slide 3: Step-by-step approach in building the business
Step-by-step approach in building the business… 44 3 Transform into a global engineering products 2 Build a global company company 1 Leverage domestic Conduct • Develop products market and build Establish the export orientation operations across for various non organization the globe automotive • Bu
Slide 4: Standalone Numbers – H1 FY 2019
Standalone Numbers – H1 FY 2019 (INR Million) DOMESTIC SALES EXPORT SALES 17,877 30.0% 13,712 13,753 26.6% 10,835 H1 FY18 H1 FY19 H1 FY18 H1 FY19 EBITDA PROFIT BEFORE TAX Before exchange Gain/(Loss) 9,041 7,272 24.3% 7,410 5,940 24.7% H1 FY18 H1 FY19 H1 FY18 H1 FY19 BHARAT FORGE MAKING IN INDIA FOR
Slide 5: Strong balance sheet
Strong balance sheet (INR Million) Particulars September 30, 2018 March 31, 2018 Long Term Debt 16,639 13,462 WC & Bill Discounting 14,227 11,666 Equity 46,480 46,143 Cash 15,687 16,008 D/E 0.66 0.54 D/E (Net) 0.33 0.20 Long Term D/E (Net) 0.02 (0.06) ROCE ( Net of Cash) 24.5% 22.5% RONW 20.8% 17.7%
Slide 6: Segmental Breakup – Standalone
Segmental Breakup – Standalone (INR Million) Passenger Commercial Vehicles Industrials Vehicles 45% of total 12% of total 43% of total revenues revenues revenues H1 FY19: 13,407 H1 FY19: 3,475 H1 FY19: 12,635 H1 FY18: 10,485 H1 FY18: 1,912 H1 FY18: 10,782 +27.9% +81.8% +17.2% BHARAT FORGE MAKING IN
Slide 7: Geographical Breakup – Standalone
Geographical Breakup – Standalone (INR Million) India Americas Europe Rest of World 43% of total 39% of total 16% of total 2% of total revenues revenues revenues revenues H1 FY19: 13,712 H1 FY19: 12,341 H1 FY19: 5,064 H1 FY19: 472 H1 FY18: 10,835 H1 FY18: 9,144 H1 FY18: 3,795 H1 FY18: 814 +26.6% +35
Slide 8: Resilient Operating Model
Resilient Operating Model ….. FY 2017 FY 2017 28.5% DEBT / EBITDA 21.6% FY 2009 FY 2013 FY 2013 4.05 23.3% 14.2% FY 2013 FY 2009 FY 2009 21.7% 11.9% 2.55 FY 2017 1.48 EBITDA MARGINS PBT MARGINS EBITDA %: 29.7% FY18 KEY PARAMETERS PBT %: 24.5% Debt/EBITDA: 0.85 BHARAT FORGE MAKING IN INDIA FOR THE WO
Slide 9: Driven by Segmental Diversification
….. Driven by Segmental Diversification BHARAT FORGE MAKING IN INDIA FOR THE WORLD 9
Slide 10: De-risking and Growing
De-risking and Growing FY 2018 • Reduced dependence on Auto sector 12% 16% • Diversified Industrials business Oil & Gas across geographies 16% India CV • Strong growth in Export Industrials and Passenger Vehicles 21% US CV Other CV 10% PV 10% 15% India Industrial FY 2008 Export Industrial Oil & Gas
Slide 11: Employees
EMPLOYEES Strength of our past and present and the key to our future At any given point of time, 10% of our employee group are under intensive academic or training programs BHARAT FORGE MAKING IN INDIA FOR THE WORLD 11
Slide 12: New Strategic Business
New Strategic Business 1 Light Weighting Center 2 e-Mobility 3 Transmissions 4 New Technologies BHARAT FORGE MAKING IN INDIA FOR THE WORLD 12
Slide 13: New order wins
New order wins 1,620 New Business wins Won over past two years (FY 2016 – FY 2018) INR Driven by new product development Crores Of new order wins from Industrials 48% De-risking the revenue stream within Industrials sector-wise and customer- wise 40% Of new order wins from Passenger Vehicles Increas
Slide 14: Addressing e-Mobility Opportunity
Addressing e-Mobility Opportunity R&D facility in UK for Strategic investment in EV Develop solutions across powertrain solutions of start-up the entire spectrum of EV’s Electric Vehicles Gain technical expertise on from low voltage Technical Training EV powertrain development powertrains in
Slide 15: Way forward
Way forward Focus on creating a Greenfield investment to footprint in the new increase forging and strategic businesses machining capacity Strategic Capacity Business expansion Improve free cash Add new customers Market Strong flow, maintain strong and increase share Financials balance sheet and exp
Slide 16: Thank You
<< BHARAT FORGE ws KALYANI THANK YOU