Bosch Ltd — Investor Presentation 2020

Jul 7, 2020

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Corporate Relationship Department BSE Limited 1[st] Floor, New Trading Ring Rotunda Building Phiroze Jeejeebhoy Towers Dalal Street, Fort Mumbai – 400 001 Scrip code:500530

The Manager Listing Department National Stock Exchange of India Ltd. Exchange Plaza, C-1, Block G Bandra-Kurla Complex Bandra (E) Mumbai – 400 051 Scrip code: BOSCHLTD

Bosch Limited Post Box No:3000 Hosur Road, Adugodi Bangalore-560030 Karnataka, India Tel +91 80 67521750 www.boschindia.com L85110KA1951PLC000761

06.07.2020

Dear Sir/Madam,

Sub: Intimation of Analyst / Institutional Investor Meetings.

Ref: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This is with reference to our letter dated July 04, 2020 on the captioned subject.

Copy of the presentation shared with the institutional Investors /Fund houses is attached herewith for your information. The said presentation will also be uploaded on the Company’s website i.e. www.bosch.in under Investors section.

This is for your information please.

Thanking you,

Yours faithfully, for Bosch Limited ,

SD/-

(Rajesh Parte )

Company Secretary & Compliance Officer

Justification for non-submission of signed copy of the disclosure:

As per the MCA’s advisory on preventive measures to contain the spread of COVID-19 and the implementation of the Company’s “Work from Home Policy” in line with the same, this disclosure is being submitted without signature.

Registered Office: Bosch Limited, Hosur Road, Bangalore-560030, Karnataka, India Managing Director: Soumitra Bhattacharya, Joint Managing Director: Jan-oliver Roehrl

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“The contents of this presentation are for information purposes only and for the reader’s personal non-commercial use. The contents are intended, but not guaranteed, to be correct, complete, or absolutely accurate. This presentation also contains forward-looking statements based on the currently held beliefs and assumptions of the management of the Company, which are expressed in good faith and, in their opinion, are reasonable. Forwardlooking statements involve known and unknown risks, contingencies, uncertainties, market conditions and other factors, which may cause the actual results, financial condition, performance, or achievements of the Company or industry results, to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements. The Company does not make any representation, warranty or prediction that the results anticipated by such forward looking statements will be achieved. Neither the Company nor its affiliates or advisors or representatives nor any of their respective affiliates or any such person's officers or employees guarantees that the assumptions underlying such forward looking statements or management estimates are free from errors and the Company disclaims any obligation or liability to any person for any loss or damage caused by errors or omissions, whether arising from negligence, accident or any other cause. A multitude of factors including, but not limited to, changes in demand, competition, technology, the effect of COVID 19 in India and globally, and any macroeconomic conditions in India and globally can cause actual events, performance or results to differ significantly from any anticipated development. Forward looking statements speak only as of the date of this presentation and are not guarantees of future performance. As a result, the Company expressly disclaims any obligation or undertaking to release any update or revisions to any forward looking statements in this presentation as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward looking statements are based. Given these uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward looking statements and management estimates. Recipients of this presentation are not to construe its contents, or any prior or subsequent communications from or with the Company or its representatives as investment, legal or tax advice. In addition, this presentation does not purport to be all inclusive or to contain all of the information that may be required to make a full analysis of the Company or the proposed transaction. Recipients of this presentation should each make their own evaluation of the Company and of the relevance and adequacy of the information and should make such other investigations as they deem necessary. This presentation is not a prospectus, a statement in lieu of a prospectus, an offering circular, an offering memorandum, an advertisement, an offer or an offer document under the Companies Act, 2013, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, or any other applicable law in India. This presentation does not constitute or form part of and should not be construed as, directly or indirectly, any offer or invitation or inducement to sell or issue or an offer, or any solicitation of any offer, to purchase or sell any securities nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment therefor. This presentation does not solicit any action based on the material contained herein. This presentation should not be considered as a recommendation that any person should subscribe for or purchase any securities of Bosch Limited and should not be used as a basis for any investment decision. This presentation has not been approved and will not or may not be reviewed or approved by any statutory or regulatory authority in India or by any stock exchange in India. This presentation does not purport to be a complete description of the markets conditions or developments referred to in the material. The information contained in this presentation is only current as of its date, unless specified otherwise, and has not been independently verified. Please note that, you will not be updated in the event the information in the presentation becomes stale. You must make your own assessment of the relevance, accuracy and adequacy of the information contained in this presentation and must make such independent investigation as you may consider necessary or appropriate for such purpose. Moreover, no express or implied

representation or warranty is made as to, and no reliance should be placed on, the accuracy, fairness or completeness of the information presented or contained in this presentation. None of the Company, its directors, promoter or affiliates, nor any of its or their respective employees, advisers or representatives or any other person accepts any responsibility or liability whatsoever, whether arising in tort, contract or otherwise, for any errors, omissions or inaccuracies in such information or opinions or for any loss, cost or damage suffered or incurred howsoever arising, directly or indirectly, from any use of this presentation or its contents or otherwise in connection with this presentation, and makes no representation or warranty, express or implied, for the contents of this presentation including its accuracy, fairness, completeness or verification or for any other statement made or purported to be made by any of them, or on behalf of them. Further, past performance is not necessarily indicative of future results. Any opinions expressed in this presentation or the contents of this presentation are subject to change without notice. The presentation should not be construed as legal, tax, investment or other advice. THIS ANNOUNCEMENT AND/OR PRESENTATION IS NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA (the "U.S."). This announcement does not constitute nor form part of any offer or invitation to sell, issue or subscribe for securities in the U.S. or any other jurisdiction. No securities have been or will be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or the securities laws of any state of the U.S. or any other jurisdiction. No securities may be offered, sold or delivered in the U.S. except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state or local securities laws. No public offering is being made in the U.S. or in any other jurisdiction where such an offering is restricted or prohibited or where such offer would be unlawful. Neither this announcement nor any portion hereof may be sent or transmitted into the U.S. or any jurisdiction where it is unlawful to do so. Any failure to comply with these restrictions may result in a violation of the Securities Act or the applicable laws of other jurisdictions. No money, securities or other consideration is being solicited by this announcement or the information contained herein and, if sent in response to this announcement or the information contained herein, will not be accepted. The extract(s), reconciliations or the explanation(s) provided in this presentation has been prepared only for illustrative purposes and the Company does not (i) hereby commit in any form that these differences will exist in subsequent periods, or (ii) necessarily intend to provide this in future. Bosch Limited or any of its affiliates, advisers or representatives accepts any liability whatsoever for any loss howsoever arising from any information presented or contained in this presentation. Furthermore, no person is authorized to give any information or make any representation which is not contained in, or is inconsistent with, this presentation. Any such extraneous or inconsistent information or representation, if given or made, should not be relied upon as having been authorized by or on behalf of the Bosch Limited. This presentation is strictly confidential and may not be copied or disseminated, reproduced, re-circulated, re-distributed, published or advertised in any media, website or otherwise, in whole or in part, and in any manner or for any purpose. Any unauthorized use, disclosure or public dissemination of information contained herein is prohibited. No person is authorized to give any information or to make any representation not contained in or inconsistent with this presentation and if given or made, such information or representation must not be relied upon as having been authorized by any person. Failure to comply with this restriction may constitute a violation of the applicable securities laws. The distribution of this presentation in certain jurisdictions may be restricted by law. Accordingly, any persons in possession of this presentation should inform themselves about and observe any such restrictions. By reviewing this presentation, you agree to be bound by the foregoing limitations. By accessing this presentation, you accept that this disclaimer and any claims arising out of the use of the information from this presentation shall be governed by the laws of India and only the courts in Bangalore, India and no other courts, shall have jurisdiction over the same.”

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The Year gone by

The Year ahead

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Bosch Ltd | Annual Press Conference 2020

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 Bosch Global

AGENDA

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• Bosch in India & Bosch Ltd

• 2019 – A look back

• 2020 – An Unprecedented Crisis

• Financial Results of FY20

• Way Forward

• Securing Operations

• Mobility

• Automotive Aftermarket

• Power Tools

• Leveraging Bosch Group in India

 Climate Change  Summary

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Bosch Global

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“ Technology, which is designed and has the capability to help the whole of mankind make the best of their lives and find happiness in life.”

~ Robert Bosch

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Business Sectors

Mobility Solutions

Powertrain Solutions

Chassis Systems Control Electrical Drives Car Multimedia Automotive Electronics Automotive Aftermarket Automotive Steering Connected Mobility Solutions Bosch eBike Systems[1]

Other businesses: Bosch Engineering GmbH ETAS GmbH ITK Engineering GmbH Two-Wheeler and Powersports

1. New division from January 1, 2020

Industrial Technology Consumer Goods

Packaging Technology[1,2] Drive and Control Technology[3]

Power Tools¹ BSH Hausgeräte GmbH

Other businesses:

Bosch Connected Industry Robert Bosch Manufacturing Solutions GmbH

1. Robert Bosch Packaging Technology GmbH

2. Until December 31, 2019

3. Robert Bosch Power Tools GmbH

4. Bosch Rexroth AG (100% Bosch-owned

Energy and Building Technology

Building Technologies Thermotechnology Bosch Global Service Solutions

Other businesses: Robert Bosch Smart Home GmbH

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Bosch in India

1953

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1st Manufacturing Operations in Bangalore

Group Companies

1[st] Sales Office in Calcutta 1922

Bosch Ltd Flagship Company of the Bosch Group in India

195 Billion rupees Sales Revenue In 2019

3,500 Sales Outlet

Bosch Ltd 100 Billion rupees

1,500 Suppliers

M O B I L I T Y E N E R G Y & S O L U T I O N S B U I L D I N G T E C H .

C O N S U M E R G O O D S

16 Manufacturing Facilities

manufacturing Facilities of Bosch Ltd

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Associates 31,530 Bosch Ltd Associates

7,550

I N D U S T R I A L T E C H

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2019 A year of Challenges

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2020 An Unprecedented Crisis

11 Market Outlook for CY 2020

Automotive Market Trends

Sales YoY %

																									Sales YoY %
		1.26		1.47		1.71		1.84	2.16	2.81	3.06		3.29		3.13	3.16	3.37	3.68	3.95	4.07	3.67	1.98	CAGR12-19 1.4%	Pre Scenario	Post COVID-19 Realistic Worst Case
		2005		2006		2007		2008	2009	2010	2011		2012		2013	2014	2015	2016	2017	2018	2019	F2020*		-7%	-46% -61%
		0.21		0.28		0.29		0.25	0.20	0.34	0.38		0.33		0.24	0.27	0.34	0.37	0.35	0.48	0.34	0.17	CAGR12-19	Pre	Post COVID-19
		2005		2006		2007		2008	2009	2010	2011		2012		2013	2014	2015	2016	2017	2018	2019	F2020*	-0.5%	Scenario	Realistic Worst
																								-21%	-49% -61%
		0.16 2005		0.21 2006		0.25 2007		0.24 2008	0.27 2009	0.39 2010	0.51 2011		0.54 2012		0.52 2013	0.43 2014	0.43 2015	0.47 2016	0.51 2017	0.67 2018	0.61 2019	0.25 F2020*	CAGR12-19 1.4% Pre Post COVID-19 Scenario Realistic Worse -37% -59% -70% ==== B~~
		0.28 2005		0.36 2006		0.36 2007		0.36 2008	0.40 2009	0.52 2010	0.64 2011		0.60 2012		0.69 2013	0.68 2014	0.56 2015	0.65 2016	0.77 2017	0.90 2018	0.80 0.44 2019 F2020 CAGR12-19 3.7%* -----------B			Pre Post COVID-19 Scenario Realistic Worse -7% -45% -64% ~
~	-	7.3 2005 -	'	8.4 2006 -	'	8.1 2007 -	'	8.3 2008 I	9.7 12.8 15.0 2009 2010 2011 ,-l•I· ■			'	15.7 2012 I	,	16.4 18.5 18.5 20.0 21.8 25.1 2013 2014 2015 2016 2017 2018 I ,**I , I , I , I , I **						22.0 12.1 2019 F2020 "r:::-.*		CAGR12-19 5% -B	Pre Post COVID-19 Scenario Realistic Worse -9% -45% -61% --
																								Pre	Post COVID-19
~		0.41		0.53		0.53		0.50	0.56	0.76	0.88		0.83		0.85	0.94	0.94	0.83	0.88	1.25	1.22	WIP	CAGR12-19 5.5%	Scenario -9%	Realistic Worse -- --
		2005		2006		2007		2008	2009	2010	2011		2012		2013	2014	2015	2016	2017	2018	2019	F2020*

RBIN/OFE-P | 6th July 2020

Bosch Ltd | Investors' Conferance 2020

© Bosch Limited 2018. All rights reserved, also regarding any disposal, exploitation, reproduction, editing, distribution, as well as in the event of applications for industrial property rights.

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*2020 Forecast, with Pre/Post COVID19 Scenarios as in table Volume in millions

12 ₹ 5 Crores

₹ 50 Crores

Pledge by Bosch Group in India

>100,000 masks per day

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BOSCH LTD SALES PERFORMANCE

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–18.6%
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₹ 98.4bn

2018-19

2019-20

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Resumption of Operations hinges on

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Mobility Portfolio
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PREPARED FOR THE FUTURE

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From Powertrain to Connectivity to Safety

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BS6 Changeover amidst COVID-19 crisis

Powertrain Legislation & Technology Changes New Opportunities and Efficiencies

Emission Standards | OBD | IRDE | CAFE

Electric Powertrain Solutions

Mobility Services And Connected Solutions

2Wheeler

& 3Wheeler

Automotive Aftermarket

In 2020 Diagnostics

to Repair

Automotive Aftermarket Transformation

Strategic Focus Areas

Power Tools Fascinate Users, Affordable Solutions, Better Life

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Power Tools Digitalization is no longer

“Nice to have”

RBIN/OFE-P | 6th July 2020

Bosch Ltd | Investors' Conferance 2020

© Bosch Limited 2018. All rights reserved, also regarding any disposal, exploitation, reproduction, editing, distribution, as well as in the event of applications for industrial property rights.ETAS Automotive India | Bosch Electrical Drives India | Bosch Rexroth (India) | BSH Home Appliances

RBIN/OFE-P | 6th July 2020

Bosch Ltd | Investors' Conferance 2020

© Bosch Limited 2018. All rights reserved, also regarding any disposal, exploitation, reproduction, editing, distribution, as well as in the event of applications for industrial property rights.

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Summary

Short Term

• Slow ramp-up of operations ongoing, Auto industry will need many years to go back to FY19 levels

• Under challenging market environment, short term focus on getting an optimal result for FY21

• Mid to Long Term

• .

• Leverage global reach and expertise to bring in cutting edge technology in new age topics

• Focus on sustainable and profitable growth through structural transformations .

• Adoption & Investment in technologies that will secure our business in future.

• Mobility Portfolio: We are prepared for the Future

• Bosch Ltd to leverage the know how of other group companies of Bosch in India.

• Long term forecast for India remains positive, Bosch remains invested with its tech agnostic approach

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RBIN/OFE-P | 6th July 2020 Bosch Ltd | Investors' Conferance 2020 © Bosch Limited 2018. All rights reserved, also regarding any disposal, exploitation, reproduction, editing, distribution, as well as in the event of applications for industrial property rights.

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BOSCH LTD. INVESTORS’ CONFERENCE 2020