Bajaj Auto Limited · NSE:BAJAJ_AUTO
Bajaj Auto — FY2008 Earnings Presentation
15 slides from Bajaj Auto's earnings presentation, 2008
Slide 1: Distinctly Ahead
Ss BAJA Distinctly Ahead
Slide 2: Pre-demerger
Pre-demerger Bajaj Auto Ltd. Auto Insurance Wind-farm Consumer Business Businesses Project Finance Investments and Cash 2
Slide 3: Post-demerger
Post-demerger Bajaj Holdings and Investment ** 30% 30% Bajaj Auto Bajaj Finserv Auto Business Life Insurance Indonesian subsidiary General Insurance Cash and cash Consumer Finance equivalents – Rs. 15 bn Distributor of Financial Products Cash and cash equivalents – Rs. 8 bn ** 30% stake in BAL & BFS
Slide 4: Status on De-merger
Status on De-merger Board Approval of Scheme : 17th May 2007 Court convened meeting : 18th August 07 Court hearing : October 07 Filing of Court order with ROC : 20th February 08 Listing of shares of BHIL : March 08 Approval from SEBI : Received Expected listing – BAL : 26th May 08 BFS : 26th May 08
Slide 5: Bajaj Auto Ltd (post de-merger)
Bajaj Auto Ltd ( post de-merger ) 5
Slide 6: Sales in Units: Total
SALES IN UNITS : TOTAL 2007-08 2006-07 GROWTH Q4 Total Q4 Total Q4 Total 100cc 224,030 986,232 291,057 1,438,323 125cc 152,364 686,389 104,326 450,845 150cc 103,511 467,158 140,462 490,331 Motorcycles 479,905 2,139,779 535,845 2,379,499 -10% -10% Total 2Wh's 482,912 2,161,095 543,757 2,399,996 3 Wh'
Slide 7: Of which Exports are
of which EXPORTS are 2007-08 2006-07 GROWTH Q4 Total Q4 Total Q4 Total 100cc 70,510 269,176 43,964 174,312 125cc 37,408 138,306 17,753 66,363 150cc 15,712 74,067 15,826 59,981 Motorcycles 123,630 481,549 77,543 300,656 59% 60% Total 2Wh's 123,890 482,026 77,550 301,766 3 Wh's 34,168 136,315 39,133 1
Slide 8: Financials - Standalone
Financials - Standalone Rs. in billion Particulars 9 Months Q4 Full Year Net Sales & operating Income 69.72 20.74 90.46 Other Income 1.02 0.21 1.23 Total Income 70.74 20.95 91.69 Material Cost 50.96 15.24 66.20 Employee cost 2.56 0.86 3.42 Depreciation 1.33 0.41 1.74 Other expenses 6.05 2.09 8.14 Ex
Slide 9: Financials - Standalone
Financials - Standalone Particulars Rs in billion Sources of funds Share capital 1.45 Reserves and surplus 14.42 Total shareholders funds 15.87 Secured loans 0.07 SICOM ( Sales tax benefit ) 13.27 Defered tax adjustment 0.11 29.32 Application of funds Fixed assets ( net ) 12.93 Technical knowhow 0.1
Slide 10: Overview on Investments
Overview on Investments Cost Market Value Subsidiaries PTBAI 0.57 0.57 * Bajaj Auto International Holdings BV 5.69 5.69 * Other equities .01 .01 * Sub-total … 6.27 6.27 Fixed Income 12.30 12.57 Total … 18.57 18.84 * At book value since not quoted All values in INR billion unless specified otherwise
Slide 11: Financials - Operating
Financials - Operating 2007 - 08 2006 - 07 * Rs. in billion 9M Q4 Full Year Q4 Full Year Total Opg Income 69.72 20.74 90.46 23.13 95.20 Material Cost 50.80 15.17 65.97 16.78 68.69 % 72.9 73.1 72.9 72.4 72.1 Employee Cost 2.55 0.87 3.42 0.69 3.02 % 3.7 4.2 3.8 3.0 3.2 Selling & after sales 3.31 1.05
Slide 12: Highlights of Q4 / FY08
Highlights of Q4 / FY08 EBITDA margins – 12.6% during Q4 v/s 14.8 for 9M Major reasons for fall in margins are Lower turnover, hence higher % of fixed cost ( Q4 - Rs. 20.74 billion v/s Q3 - Rs. 25.00 billion ) Adverse mix change Mark to market provision on forward cover, Rs 160 million 12
Slide 13: Combined annual results
Combined annual results 2007 - 08 FY % Rs. in billion BAL BFS BHIL Total 2006 - 07 Change Sales 96.90 96.90 106.06 Less : Excise duty 10.27 10.27 13.14 Net sales 86.63 86.63 92.92 -7 Windpower generated 0.35 0.35 0.33 Other income 5.06 0.71 3.55 9.32 7.51 Total Income 91.69 1.06 3.55 96.30 100.76 -4
Slide 14: Dividend
Dividend declared for … FY07 Rs. 40 / share : 400% ( before demerger ) FY08 Bajaj Auto Rs. 20 / share : 200% Bajaj Holdings & Investment Rs. 20 / share : 200% Bajaj Finserv Rs. 1 / share : 20% 14
Slide 15: Thank you
Thank you No part of this presentation is to be circulated, quoted, or reproduced for any distribution without prior written approval from Bajaj Auto Limited, Mumbai-Pune Road, Akurdi, Pune-411 035, India. Certain part of this presentation describing estimates, objectives and projections may be a “f