Bharat Forge Limited

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ies: EQ BHARATFORG To, BSE Limited, 1st Floor, New Trading Ring, Rotunda Building, P.J. Towers, Dalal Street, Fort, Mumbai - 400 001 BSE SCRIP CODE - 500493 Dear Sir, Sub.: Presentations ma

6X

echnology BFL has exclusive design, technology & sales license for Indian Market 8 E-Mobility : T6X - Technology & Schematic Battery Management Systems  In house Built Battery Management System 

90%

which can be used for future versions of motorcycle  Ultra light weight Motors  Efficiency > 90%  Designed by Tork motors 9 BFL – REFU Drives: Component Strategy Catalogue range of products fo

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re versions of motorcycle  Ultra light weight Motors  Efficiency > 90%  Designed by Tork motors 9 BFL – REFU Drives: Component Strategy Catalogue range of products for complete electrification syst

10%

ing leverage of strong relationship with current customers.  EU: Heavy Truck likely within +0 /-10% YOY.  Sharp focus on VAVE initiatives.  Brazil growing. China slowing.  IC Engines – MD & HD

30%

h by 8-10%, premium cars forecasted stable.  Brazil growth forecasted.  De-growth in India (-30%) & China (-13%)  E-mobility – becoming high focus area.  Light-weighting: Significant Technolog

13%

mium cars forecasted stable.  Brazil growth forecasted.  De-growth in India (-30%) & China (-13%)  E-mobility – becoming high focus area.  Light-weighting: Significant Technology Requirement.

19.1%

ion projects for Defense Aerospace opportunities. 20 Exports – Growth Roadmap Projected CAGR 19.1% Pass Car 5.3% Truck 2.8% 38.1% Aerospace 21.4% Loco Industrial FY 18-19 FY 24-25 21 In

5.3%

Defense Aerospace opportunities. 20 Exports – Growth Roadmap Projected CAGR 19.1% Pass Car 5.3% Truck 2.8% 38.1% Aerospace 21.4% Loco Industrial FY 18-19 FY 24-25 21 India Business – G

2.8%

pace opportunities. 20 Exports – Growth Roadmap Projected CAGR 19.1% Pass Car 5.3% Truck 2.8% 38.1% Aerospace 21.4% Loco Industrial FY 18-19 FY 24-25 21 India Business – Growth Roadmap

38.1%

opportunities. 20 Exports – Growth Roadmap Projected CAGR 19.1% Pass Car 5.3% Truck 2.8% 38.1% Aerospace 21.4% Loco Industrial FY 18-19 FY 24-25 21 India Business – Growth Roadmap Proje

21.4%

0 Exports – Growth Roadmap Projected CAGR 19.1% Pass Car 5.3% Truck 2.8% 38.1% Aerospace 21.4% Loco Industrial FY 18-19 FY 24-25 21 India Business – Growth Roadmap Projected CAGR 15.1%

“ Aiming for growth using leverage of strong relationship with current customers.”

“ IC Engines – MD & HD: will stay: little / low perceived risk  Light-weighting= Key Technology Trend  Aiming to increase content per vehicle with OEMS.”

“ Emergence of e-mobility in last mile delivery/public transport  No medium / long term threat for IC Engines- expect significant upgrades to global standards”

“ 30-50 will remain mass market range, however, higher HP will be introduced progressively, including for global markets from India.”

“ Short to medium term actions will include re-commencement of subsea & surface product engagement with global OEMS’s.”

Bharat Forge Actions

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Series: EQ BHARATFORG To, BSE Limited, 1st Floor, New Trading Ring, Rotunda Building, P.J. Towers, Dalal Street, Fort, Mumbai - 400 001 BSE SCRIP CODE - 500493 Dear Sir, Sub.: Presentations made/being made to analysts / institutional investors Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we enclose herewith presentation made/being made by the Company to the analysts/ institutional investors. Kindly take the same on record. Thanking you, Yours faithfully, Fo t Forge Limited ; �b TeYa�1 Chaudhari Company Secretary KALYANI GROUP COMPANY BHARAT FORGE LIMITED, MUNDHWA, PUNE 411 036, MAHARASHTRA, INDIA. PHONE: +91 20 6704 2777 FAX: +91 20 2682 0699 !Export), 2682 2387 (Sales/Mktg) 2682 2163 !Materials) Website : www.bharatlorge.com Cll'-1 1-.Jo. L25209Pl'-l l 96 l PLCOl 2046 LOOK BEYOND THE CYCLE… TRANSFORMATION CONTINUES ANALYST MEET OCTOBER 2019 1 STRATEGIC BUSINESS UPDATE 2 Strategic Business - Overview Trends  Structural shift

Bharat Forge Actions

 US: Cl. 7-8 “peaked” in Y 2018 – 19 (330k). “Normal (250k-270k)” levels forecasted in Y 2020-21.  Aiming for growth using leverage of strong relationship with current customers.  EU: Heavy Truck likely within +0 /-10% YOY.  Sharp focus on VAVE initiatives.  Brazil growing. China slowing.  IC Engines – MD & HD: will stay: little / low perceived risk  Light-weighting= Key Technology Trend  Aiming to increase content per vehicle with OEMS. Light-Weighting- current products with better technology and new products including via HPDC / allied process.  Intensify NPI globally – current and new customers, with aggressive technology driven solutions.  Emergence of e-mobility in last mile delivery/public  EV Engagement being pursued. transport  M&A Opportunities: Supplier delinquencies expected – Opportunity for BFL 13 India CV Current Environment  Significant MHCV decline YOY basis– any recovery unlikely prior to H2 2020.  BS 6 Introduction- Some Challenges but also presents oppo

Bharat Forge Actions

 Sharp focus on VAVE initiatives  Focus on opportunities with vehicle level value proposition – for drivelines, transmissions, emission / after treatment… Engagement for Light Weighting including via HPDC.  Current OEM solutions BS6 compliance has high dependence on imports. BFL working to present new products and improved value proposition for OEMS’. Strong focus on increasing content per vehicle.  Intensify NPI – current and new customers, with aggressive technology driven solutions. BFL is the only Indian supplier with long- standing experience from Euro 1-6 product evolution. EV Engagement will be pursued.  Most Indian Suppliers are highly leveraged- sustainability challenges expected – Opportunity for BFL. 14 PV India & Global

Bharat Forge Actions

 US: Y 2020 demand likely at normal levels- range between 16.8-17 MLN. Product migration underway from sedans to larger cross-overs & SUVs’.  EU: likely de-growth by 8-10%, premium cars forecasted stable.  Brazil growth forecasted.  De-growth in India (-30%) & China (-13%)  E-mobility – becoming high focus area.  Light-weighting: Significant Technology Requirement.  Focus on added-value – supply of forged steel & finish machined products- globally. Good progress with global OEMS’.  Significant global traction for forged aluminum chassis components made with our self-developed world-class aluminum forging technology. Plants in Germany running at capacity and further expansion underway. Expansion also planned in USA.  NPI - State-of-Art light-weighting capabilities set-up in Nellore – for HPDC & allied technologies. Will support wide range of products including transition to EV business.  NPI - Foray into global transmission & driveline products.  Engaged with Indian & Global

Bharat Forge Actions

 Good growth over the last 5 years and sector has a robust long-term outlook.  Tier-4 Emission norms will apply from H2 2020.  30-50 will remain mass market range, however, higher HP will be introduced progressively, including for global markets from India.  Foreign players in India would likely increase content  Focus on Tier 4 opportunities to grow share of business. BFL has supported introduction of such products for it’s global customers several years ago.  Introduction of new products- driveline, transmissions etc. Aim to increase content per tractor.  Use local product engagement with global OEMS in India for enlarging global engagement. in India for global use.  Intensify NPI globally – current and new customers, with aggressive technology driven solutions.  Most Indian Suppliers are highly leveraged- sustainability challenges expected. 16 Oil & Gas  In Y 2017 & Y 2018 witnessed strong growth in this segment driven by fracing boom in US. Overall, outlook global demand

Positives

 AS 9100, NADCAP & OEM certified process & Operations. Robust production process in place  Strong foundation in Manufacturing & Quality systems in BFL plants to support global growth.  Strong capability established for Titanium forgings – for engine fan blades – stationary & rotating, shafts & structural components. Additionally, structural parts and landing gear parts in steel.  Good relationships established with major global OEMS’. This will help BFL leverage growth opportunities.  Several performance awards received over the last 2 years.  Strong capability established for machining of highly complex fan blades with a major Global OEM.  Strong foundation created to qualify for and help BFL address component & product opportunities with HAL.  Precision machining capabilities established for difficult products like Mg castings.  Strong manufacturing base & capability for Kalyani Group to bid for “Make in India” localization projects for Defense Aerospace opportunities. 20 Ex