ramkrishna forgings Ltd. — Investor Presentation 2019

Aug 10, 2019

RAMKRISHNA FORGINGS LIMITED

REGD, & CORPORATE OFFICE: "RAMKRISHNA CHAMBERS" 72 SHAKESPEARE SARANI, KOLKATA 700017 WESTBENGAL, INDIA PHONE : (+91 33) 3984 0900 / 0999 FAX $:(+9133)39840998$ EMAIL : info@ramkrishnaforgings.com WEBSITE: www.ramkrishnaforgings.com CIN NO.: L74210WB1981PLC034281

Date: 10th August, 2019

The Listing Department Bombay Stock Exchange PJ Towers Dalal Street Mumbai - 400 001

The Listing Department National Stock Exchange of India Limited "Exchange Plaza" C-1, Block G Bandra- Kurla Complex, Bandra (E) Mumbai-400051

BSE SCRIP CODE: 532527 NSE SYMBOL: RKFORGE

Dear Sir / Madam,

Sub: Investor Presentation for the quarter and year ended $30th$ June, 2019

Please find enclosed the Investor Presentation on the financial results of the Company for the quarter ended 30th June, 2019.

Request to kindly take the same into record.

Thanking You,

Yours truly, For Ramkrishna Forgings Limited

Rajesh/Mundhra Company Secretary

PLANT-I: PLOT NO. M-6, PHASE VI, GAMARIA, JAMSHEDPUR -832108 HARKHAND (INDIA); FAX: (+91 657) 2202814PH: (+91 657) 3984900, 3204242, 3204249 EMAIL: forgings-division@ramkrishnaforgings.com

MORKS

PLANT- II: 7/40, DUFFER STREET, LILUAH, HOWRAH - 711204 WEST BENGAL (INDIA) PH: (+91 33) 2654 8062/063

PLANT- III & IV: PLOT NO. M-15, 16 & NS-26, PHASE VII, INDUSTRIAL AREA, ADITYAPUR: JAMSHEDPUR -832109, JHARKHAND (INDIA) FAX: (+91 657)3984998 PH: (+91 657) 3984900/999, EMAIL: cnc-division@ramkrishnaforgings.com

PLANT-V: VILL: BALIGUMA, P.O.: KOLABERA, THANA: SARAIKELA, DIST.: SARAIKELA KHARSWAN; JAMSHEDPUR -833220, JHARKHAND (INDIA) PH. (+91657) 3984900 EMAIL: pressplant5@ramkrishnaforgings.com

Investor Presentation August

2019

© 2020 Ramkrishna Forgings Limited

1 Business & Strategic Update

The current CV and M&HCV market is subdued due to the cyclical nature of Industry and this downturn started with revision of Axle load norms, liquidity crisis and weak consumer sentiment.

Volume across segment to recover gradually from H2-FY20.

Pre-Buying on account of BS VI is expected to boost demand in Q3-FY20.

Government action is key for faster recovery in Indian Auto market.

RBI rate cut and increase in the ceiling for a bank's exposure to a single NBFC to 20% of its tier I capital from 15% earlier is likely to boost the sentiment and may revive growth.

US Class 8 trucks inflow of order remains subdued, however on account of current order backlog the overseas demand is likely to remain strong for next 9 months.

RKFL focus on addition of new customers and development of new products resulting in increase in content per vehicle.

The long term guidance for revenue & profitability remains positive as we expect stimulus from central government for auto sector in near term.

The company has incurred an expenditure of Rs 74.98 Crores as on June 30,2019 towards its new project for addition of press line and railway facilities.

Note: % change of YoY basis

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Particulars	Q1FY20	Q4FY19	Q1FY19
TotalTonnage (in Tons)	28558	30416	33036
Domestic Tonnage	20484	20506	25961
Export Tonnage	8074	9910	7075
Total NetRevenue (INR, Crs)	379.25	444.11	411.05
DomesticRevenue	256.49	287.35	305.92
Export Revenue	122.41	155.92	104.55
Other Income	0.35	0.84	0.58

Particulars	FY18-19				FY17-18
	Q4	Q3	Q2	Q1	Q4	Q3	Q2	Q1
NetRevenuefromOperations(TOI)	443.27	491.47	461.47	410.48	440.11	398.97	338.22	258.17
EBIDTA(excl.otherIncome)	89.32	105.82	97.87	86.48	91.65	76.83	65.61	50.14
EBDITA/TOI(%)	20.15	21.53	21.21	21.07	20.83	19.26	19.40	19.42
Interest	20.41	20.72	20.59	17.50	17.70	14.59	18.99	18.54
Depreciation	33.20	32.89	28.00	26.74	24.61	20.50	19.83	19.46
PBT	36.55	53.17	49.90	42.82	50.18	42.69	27.44	13.90
PAT	24.93	33.88	32.78	27.72	34.32	27.73	23.53	9.08

Particulars	FY18-19				FY17-18
	Q4	Q3	Q2	Q1	Q4	Q3	Q2	Q1
EBIDTA/TOI(%)	20.15	21.53	21.21	21.07	20.83	19.26	19.40	19.42
InterestCoverRatio	4.38	5.11	4.75	4.94	5.18	5.27	3.46	2.70
PBT/TOI(%)	8.25	10.82	10.81	10.43	11.40	10.70	8.11	5.38
PAT/TOI(%)	5.62	6.89	7.10	6.75	7.80	6.95	6.96	3.52

Particulars	FY18-19		FY17-18
	H2	H1	H2	H1
RONW(%)	13.67	14.82	12.47	9.07
ROCE(%)	17.48	18.11	15.58	12.61
Debt/EBIDTA	2.32	2.20	2.90	3.39
LongTermDebt/NetWorth	0.52	0.55	0.51	0.53
TotalDebt/NetWorth	1.01	1.00	1.08	1.09
TOL/TNW	1.46	1.52	1.65	1.60

Mr. MahabirJalan(Chairman)	Prasad	Mr. Naresh Jalan(Managing Director)			MrPawanKumar Kedia(Director Finance)		MrPadamKumarKhaitan(Independent Director)
Mr. Ram Tawakya(Independent Director)	Singh	Mr. SandipanChakravortty(Independent Director)			Mr. ParthaSarathiBhattacharyya(Independent Director)		Mr. AmitabhaGuha(Independent Director)
	Mr. YudhisthirLalMadan(Independent Director)			Ms. Aditi Bagri(Independent Director)		MrRanaveerSinha(Independent Director)

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DISCLAIMER

This presentation has been prepared by Ramkrishna Forging Limited (the "Company") solely for your information and may not be distributed, reproduced, or redistributed or passed on directly or indirectly to any other person, whether within or outside your organization or firm, or published in whole or in part, for any purpose by recipients directly or indirectly to any other person. By accessing this presentation, you agree to be bound by the following restrictions and to maintain absolute confidentiality regarding the information disclosed in these materials. The Company may alter, modify or otherwise change in any manner the contents of this presentation, without obligation to notify any persons of such change or changes. This presentation and its contents are confidential and may not be copied, published, reproduced or disseminated in any manner.

This presentation may contain certain 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, reasonable. These statements include descriptions regarding the intent, belief or current expectations of the Company or its directors and officers with respect to the results of operations and financial condition of the Company. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those in such forward-looking statements as a result of various factors and assumptions which the Company believes to be reasonable in light of its operating experience in recent years. Many factors could cause the actual results, performances, or achievements of the Company to be materially different from any future results, performances, or achievements. Significant factors that could make a difference to the Company's operations include, but are not reasonable to, domestic and international economic conditions, changes in government regulations, tax regime and other statutes. The Company does not undertake to revise any forward-looking statement that may be made from time to time by or on behalf of the Company.

This presentation contains certain supplemental measures of performance and liquidity that are not required by or presented in accordance with Indian GAAP, and should not be considered an alternative to profit, operating revenue or any other performance measures derived in accordance with Indian GAAP or an alternative to cash flow from operations as a measure of liquidity of the Company.

In no event shall the Company be responsible to any person or entity for any loss or damage, whether direct, indirect, incidental, consequential or otherwise, arising out of access or use or dissemination of information contained in this presentation, including, but not limited to, loss of profits. No representation, warranty, guarantee or undertaking (express or implied) is made as to, and no reliance should be placed on, the accuracy, completeness or correctness of any information, including any estimates, targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein and, accordingly, none of the Company, its advisors and representative and any of its or their affiliates, officers, directors, employees or agents, and anyone acting on behalf of such persons accepts any responsibility or liability whatsoever, in negligence or otherwise, arising directly or indirectly from this presentation or its contents or otherwise arising in connection therewith.

You must make your own assessment of the relevance, accuracy and adequacy of the information contained in this presentation and must make such independent analysis as you may consider necessary or appropriate for such purpose. Any opinions expressed in this presentation are subject to change without notice and past performance is not indicative of future results. By attending this presentation you acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the Company's business.

This presentation and its contents are not and should not be construed as a prospectus or an offer document, including as defined under the Companies Act, 2013, to the extent notified and in force) or an offer document under the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended. This presentation is not for publication or distribution or release in any country where such distribution may lead to a breach of any law or regulatory requirement. The information contained herein does not constitute or form part of an offer, or solicitation of an offer to purchase or subscribe, for securities for sale. The distribution of this presentation in certain jurisdictions may be restricted by law and persons into whose possession this presentation comes should inform themselves about and observe any such restrictions. None of the Company's securities may be offered or sold in the United States without registration under the U.S. Securities Act of 1933, as amended, except pursuant to an exemption from registration there from.

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RAMKRISHNA FORGINGS LIMITED

Date: 10th August, 2019

The Listing Department Bombay Stock Exchange PJ Towers Dalal Street Mumbai – 400 001

The Listing Department National Stock Exchange of India Limited "Exchange Plaza" C-1, Block G Bandra- Kurla Complex, Bandra (E) Mumbai- 400051

BSE SCRIP CODE: 532527 NSE SYMBOL: RKFORGE

Dear Sir / Madam,

Sub: Investor Presentation for the quarter and year ended 30th June, 2019

Please find enclosed the Investor Presentation on the financial results of the Company for the quarter ended 30th June, 2019.

Request to kindly take the same into record.

Thanking You,

Yours truly, For Ramkrishna Forgings Limited

Rajesh Mundhra Company Secretary