Triveni Engineering and Industries Limited · NSE:TRIVENI
Triveni Engineering and Industries — Investor Presentation (November 2012)
31 slides from Triveni Engineering and Industries's investor presentation, November 2012
Slide 1: Corporate Presentation FY 12
Corporate Presentation FY 12
Slide 2: Triveni Organisation Structure
TRIVENI ORGANISATION STRUCTURE 2 Triveni TEIL holds 21.8% of the equity in TTL Triveni Engineering Triveni Turbine Ltd. & Industries Ltd. (TTL) (TEIL) 50% plus one share GE Triveni Ltd. Sugar Engineering Business Business (JV with GE) Co- Water & Sugar Distillery Gears generation Waste Water
Slide 3: Triveni Fact Sheet
TRIVENI FACT SHEET 3 Two Independent Listed Companies – Triveni Engineering & Industries Ltd. and Triveni Turbine Ltd. Promoter driven, professionally managed company Eminent and independent Board of Directors Pan India Presence
Slide 4: Triveni Engineering & Industries Ltd. (TEIL)
TRIVENI ENGINEERING & INDUSTRIES LTD. (TEIL) Triveni Engineering & Industries Ltd. (TEIL) Sugar Engineering Business Business
Slide 5: Engineering Business – Pan India Presence
ENGINEERING BUSINESS – PAN INDIA PRESENCE 5 GEARS BUSINESS - MYSORE Market leader in High speed gears & gear boxes upto 70 Noida MW capacity and speed of 70,000 rpm WATER BUSINESS - NOIDA A leading player in the high technology water & wastewater management business Mysore Corporate Office Manufactu
Slide 6: Engineering Business – Revenue Growth
ENGINEERING BUSINESS – REVENUE GROWTH 6 3500 CAGR 07*-12 3068 3000 SALES – 22% 2736 2625 2500 PBIT – 17% 2000 ` in millions 1730 1500 1437 1006 1000 651 565 500 325 392 423 192 0 FY07* FY08 FY09 FY10 FY11 FY12 Revenue PBIT FY07* - 12 months period from Oct 06 – Sep 07
Slide 7: Gears Business Group – Business Perspective
GEARS BUSINESS GROUP – BUSINESS PERSPECTIVE 7 Triveni is in the business of design, manufacture and marketing of customised gears and gearboxes. State of the art design and manufacturing facility at Mysore. Conforms to international standards such as DIN, API & AGMA - DIN 3 quality assured. Ab
Slide 8: Gears Business Group - Financial Performance
GEARS BUSINESS GROUP - FINANCIAL PERFORMANCE 8 The turnover and profitability year-on-year CAGR 07*-12 1202 1200 has been lower due to overall economic SALES – 12% 34 35 35 and industrial slow down which resulted in 1043 PBIT – 16% 33 1014 deferment of delivery etc. 1000 30 On account of lower t
Slide 9: Water Industry – Potential to Grow
WATER INDUSTRY – POTENTIAL TO GROW 9 Rising Water Demand to double by 2025 from 2000 levels - Growth potential in coming years in both major segments – Municipal and Industrial. Multi-lateral funding actively promoting privatisation and commercialisation of water. Annual estimated market for W
Slide 10: Water Business Group - Business Perspective
WATER BUSINESS GROUP - BUSINESS PERSPECTIVE 10 Technology association with world’s leading technology providers for various products, process & solutions such as Ultra filtration (UF), Reverse Osmosis (RO), Moving Bed Bio Reactor (MBBR) etc. One of the widest ranges of products & technologies of
Slide 11: Water Business Group - Financial Performance
WATER BUSINESS GROUP - FINANCIAL PERFORMANCE 11 The turnover & profitability for the current quarter CAGR 06-11 SALES – 33% and full year has been lower than the previous 1900 PBIT – 22% 1866 17 period/s primarily because of delay in execution 1800 1692 1700 1610 of projects at customer end. 16 16
Slide 12: Sugar Business
SUGAR BUSINESS SUGAR BUSINESS One of the largest sugar producers in India with seven sugar manufacturing facilities CO-GENERATION BUSINESS Two state of the art co-generation facilities at two of its major sugar units viz. Khatauli and Deoband DISTILLERY BUSINESS One of the largest single stream mola
Slide 13: Sugar Industry Overview
SUGAR INDUSTRY OVERVIEW 13 Global: The world sugar surplus is expected to remain high at around 8 million tonnes in 2012-13 also. Even though the global sugar prices touched an all time high in June 2012, on account of overall higher production by about 10 million tonnes in 2012-13, the sugar pr
Slide 14: Domestic Production & Consumption of Sugar
DOMESTIC PRODUCTION & CONSUMPTION OF SUGAR 14 (Figures in million tonnes) 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 (E)# Opening Stock as on 1st Oct. 4.3 11.0 10.4 4.4 5.0 5.5 5 Production during the Season 28.3 26.3 14.5 18.9 24.4 26.03 24.0 Imports - - 2.5 4.0 0 0 0 Total Availabilit
Slide 15: Sugar – Key Differentiators
SUGAR – KEY DIFFERENTIATORS 15 Major facilities located in cane rich areas of Western Uttar Pradesh with more than 80% cane intensity – fertile and irrigated land Deoband Sugar cane catchment area for all sugar Chandanpur units under canal irrigation – both in Western & Central Uttar Pradesh - Lower
Slide 16: Sugar - Performance
SUGAR - PERFORMANCE 16 Triveni crushed 5.12 million tonnes cane at an average recovery of 9.09% during the season which is higher by 12% in comparison to the previous season. Ramkola recorded the highest recovery in the state of U.P. at 10.29%. The company has produced 0.465 million tonne of sug
Slide 17: Sugar Business – Co-generation Business
SUGAR BUSINESS – CO-GENERATION BUSINESS 17 Three plants in two sugar units viz. Khatauli & Deoband. 1500 1467 45 41 1400 1339 The CERs for the period April 2008 - May 2010 for 1293 40 Deoband and Khatauli units were transacted and the 1300 39 Company earned revenue of ` 55.6 million. CERs for 1200
Slide 18: Sugar Business - Distillery Business
SUGAR BUSINESS - DISTILLERY BUSINESS 18 24 1300 1264 25 One of the largest single stream molasses 1200 based distillery in the country and is located 22 at Muzaffarnagar. 1100 20 Ideally located to use the molasses from two 1000 of the major units viz., Khatauli & Deoband. 889 900 The distille
Slide 19: Operational Performance
OPERATIONAL PERFORMANCE 19 Co-generation Business FY 12 FY 11 Power Generated – (million units) 214.89 199.07 Power Exported – (million units) 142.74 131.22 Distillery Business FY 12 FY 11 Production (million ltr) 41.29 27.02 Sales (million ltr) 40.91 26.08 Avg. realization (`/ltr) 30.25 28.70
Slide 20: FY12 Order Book
FY12 ORDER BOOK 20 Order Book in Millions GBG WBG 4900 4495 486 688 Sep FY 12 Sep FY 11 Total - 5386 Total – 5183
Slide 21: Triveni Turbine Ltd. (TTL)
TRIVENI TURBINE LTD. (TTL) Triveni Turbine Ltd. (TTL) 50% plus one share GE Triveni Ltd. (JV with GE) Board of Directors approved the demerger of Turbine Business from Triveni Engg & Ind Ltd (TEIL) in March 2010 and the demerged entity is Triveni Turbine Limited (“TTL”). TEIL is holding 72 milli
Slide 22: TTL - Pan India Presence
TTL - PAN INDIA PRESENCE 22 Noida Allahabad Ahemdabad Raipur Kolkata Nagpur Latur Mumbai Pune Hyderabad Kolhapur Vijaywada Bengaluru Manufacturing Facility Marketing and Service Centres
Slide 23: Power Generation Market
POWER GENERATION MARKET 23 Market Characteristics - Premium on shorter deliveries. Purchase decision based on high levels of technology, efficiency & lower life cycle cost. Price sensitive market. Strong servicing capabilities and lifetime relationship with the customer is expected. Robust
Slide 24: Power Generation – Potential to Grow
POWER GENERATION – POTENTIAL TO GROW 24 Gap between power requirement and generation getting wide - Growing renewable energy market - Huge potential for Biomass based power generation. Costly fuel source to influence replacement of DG to TG sets; thrust on co-generation. Focus on waste heat to
Slide 25: TTL - Business Perspective
TTL - BUSINESS PERSPECTIVE 25 Cater to wide range of customers across segments like sugar, paper, co-gen, textiles, pharma, steel, IPP. Consistently upgrading the product range and efficiency. The current range of product up to 30MW. Manufacturing since 1968; over 2,500 turbines manufactured
Slide 26: TTL - Customer Care & Refurbishing
TTL - CUSTOMER CARE & REFURBISHING 26 Customer Care An extensive network of 13 Service centres. A strong team of 185 service professionals. Reaching the customer site within 24 hours of service call. Currently over 900 turbines serviced annually. Refurbishing Full speed vacuum balancing tu
Slide 27: Financial Performance - Steam Turbine Business
FINANCIAL PERFORMANCE - STEAM TURBINE BUSINESS 27 CAGR 06-12 SALES – 15% 6135 6319 PBT – 24% 23 26 6000 22 22 21.4 20 5500 21 4845 5000 4542 5256 21 4680 PBT Margins (%) 4500 13 16 ` in millions 4000 3500 2783 11 3000 2500 2000 6 1135 1140 1289 1350 1500 916 978 1000 373 1 500 0 -4 FY 06 FY 07 FY 08
Slide 28: Performance – TTL
PERFORMANCE – TTL 28 (Figures in ` million) H1 FY 13 Q2 FY 13 Q2 FY 12 H1 FY 12 Apr - Sept July - Sept 2012 July - Sept 2011 Apr - Sept 2011 2012 Net sales 1,797 2,912 1,819 3,431 EBITDA 454 756 409 777 EBITDA Margin 25.3% 26.0 22.5% 22.6% Depreciation & Amortisation 31 61 28 56 PBIT 423 695 381 721
Slide 29: Performance – TTL
PERFORMANCE – TTL 29 Key Balance Sheet Details (Figures in ` million) Q2 FY 13 FY 12 As on 30th Sept 2012 As on 31st March 2012 Share Capital - Equity 330 330 - Preference 28 28 Net Worth 1141 686 Total Debt 147 729 Cash & Bank Balance equivalent 385 218 Net Debt (238) 511 The PBT margins have impro
Slide 30: Joint Venture with General Electric (GE)
JOINT VENTURE WITH GENERAL ELECTRIC (GE) 30 Triveni formed a Joint Venture with GE for the turbine business on 15th April 2010. GE Triveni Ltd. (GETL) headquartered in Bengaluru, will design, manufacture, supply, sell and service advanced technology steam turbines in India in the range above 30-10
Slide 31: Contact
CONTACT 31 CN Narayanan Triveni Engineering & Industries Ltd. Tel. +91 120 430 8000 Fax : +91 120 431 1010 [email protected] Gavin Desa/ Rishab Barar Citigate Dewe Rogerson Tel: +91 22 66451238 [email protected] / [email protected] ----------------------------------------------------
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