CG Power & Industrial Solutions Ltd · NSE:CGPOWER
CG Power & Industrial Solutions — Q2 FY2013 Earnings Presentation
23 slides from CG Power & Industrial Solutions's earnings presentation, Nov 2, 2012
Slide 1: Analyst Meeting for Quarter Ended Sept 30, 2012
Analyst Meeting for Quarter Ended Sept 30, 2012 Laurent DEMORTIER I November 2, 2012
Slide 2: Disclaimer
Disclaimer Certain statements in this Investors’ Forum concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertaint
Slide 3: Highlights CG Global
Highlights CG Global INR Cr. Strong Order Intake H1 Order intake up by 34% Y-o-Y Q2 Order intake up by 14% Y-o-Y H1 Revenue up by 12% Y-o-Y Q2 Revenue up by 8% Y-o-Y UEOB at the end of Sept 2012 up by 32% Y-o-Y Order book- 12 months rolling trend * 13,935 Steady growth in order backlog ove
Slide 4: Consolidated Highlights
Consolidated Highlights 4
Slide 5: Performance- CG Global
Performance- CG Global INR Cr. + 34% + 14% + 12% + 8% 5
Slide 6: Orders Split by Region- HY FY 2013
Orders Split by Region- HY FY 2013 65% EMEA EMEA 25% APAC Americas 9% 106% 17% India* 27% 49% 15% * Includes India consumers Business 6
Slide 7: UEOB Evolution
UEOB Evolution G Smart solutions. INR Cr. Strong relationships. UEOB + af, 9,400 7,120 a Q2 Sep 2011 Q2 Sep 2012 O. AVANTHA
Slide 8: Consolidated Financials – HY 2013
Consolidated Financials – HY 2013 INR Cr. HY FY12 HY FY13 Orders Received 3964 5292 Growth 34% Revenues 5143 5735 Growth 12% Order Backlog 7120 9400 Growth 32% EBIDTA (W/O 408 303 Other Income) as % revenue 5% EBIT 311 242 PAT 196 128 EPS (Rs) 3.06 1.99 8
Slide 9: Consolidated Financials – Q2 2013
Consolidated Financials – Q2 2013 INR Cr. Q2 Sep 2011 Q2 Sep 2012 Orders Received 2260 2575 Growth 14% Revenues 2706 2924 Growth 8% Order Backlog 7120 9400 Growth 32% EBIDTA (W/O Other 226 136 Income) as % revenue 5% EBIT 175 103 PAT 117 42 EPS (Rs) 1.82 0.65 9
Slide 10: Consolidated Segment Results – HY 2013
Consolidated Segment Results – HY 2013 HY FY12 HY FY13 INR Cr. Power Orders Received 3126 4218 Strong order growth +35% Y-o-Y Revenues 3278 3458 Revenue growth +6% Y-o-Y EBIT 134 53 EBIT Margin 4.1% 1.5% Industrial Orders Received 838 1075 Strong order growth +28% Y-o-Y Revenues 845 887 EBIT 1
Slide 11: Consolidated Segment Results – Q2 2013
Consolidated Segment Results – Q2 2013 Q2 Sep 2011 Q2 Sep 2012 INR Cr. Power Orders Received 1829 2100 Order intake growth +15% Y-o-Y Revenues 1761 1782 EBIT 93 10 Revenue growth +1% Y-o-Y EBIT Margin 5.3% 0.6% Industrial Orders Received 431 475 Order intake growth +10% Y-o-Y Revenues 466 482
Slide 12: Business Unit Performance
Business Unit Performance 12
Slide 13: CG- Power
CG- Power INR Cr. Order Highlights MEA: + 15% GIS 145 kV, 208 bays order from MEW Kuwait (€16 Mn) Latin America: Frame agreement with CEMIG Brazil for supply of 72.5~245 kV Circuit Breakers for three years valued at $ 3.6 M North America: 50 MVA mobile S/S for NFLD (2.8 M$). Largest order for
Slide 14: CG- Power
CG- Power INR Cr. Enhancing Product Offering: New Offerings: Automation Business: + 1% Grid Automation Distribution Automation Smart Metering Automation Orders: o €1.5 Mn order for teleprotection from REE, Spain o €790,000 order from RDF France, for relays o €335,000 order from SEC, Saudi Ara
Slide 15: CG- Industrial
CG- Industrial INR Cr. Highlights Improved Market Share in LT motors in India to 28% + 10 % Entry in Scandinavian Hydro market o Bagged order from Smart Solutions Mavelczech 5.5MVA 22poles generator for Ruskeakoski Hydro Project Finland (€ 660,000) Orders served from Europe o00kVA 8P B3 generator
Slide 16: CG- Consumer
CG- Consumer INR Cr. Highlights Sales Channel o Strenthening CG’s sales network- Added 180 + 22% distrbutors and over 3900 retailers during the quarter Launched premium segment products across product Oines to address higher end market Fans oEnhanced market share to 23.5% from 22.5% last quarter
Slide 17: Strategic Update
Strategic Update Offerings Manufacturing Footprint Sourcing Continuous Improvement 17
Slide 18: Manufacturing Footprint
Manufacturing Footprint Restructuring in PT Europe Belgium Operations to be optimized for cost advantages Process started by the end of July 2012, expected to end by Dec 2012 260 employees are contemplated to be covered under the right-sizing exercise Capacity Expansion in Hungary From 7500 MVA
Slide 19: Business Transformation Projects
Business Transformation Projects Business transformation projects Impact on Breakdown of business transformation projects EBITDA Number of projects As of Sep-12 Overachieved target – 135% Overachieved target- 120% 19
Slide 20: Continuous Improvement
Continuous Improvement Lean at Goa At Ahmednagar Before After • No WIP in between workstation • 104 Sq m Area released through • Improvement of TAKT time to 3.05 Min/ Motor this project • Completed in Sep’12 • Increase of Assembly capacity from 60 to 80 Nos /day 20
Slide 21: Conclusion
Conclusion 21
Slide 22: Key Takeaways
Key Takeaways Strong Order Intake of 34% for H1 FY2013, with sustained growth in UEOB at 32% at the end of Sept 2012 Operational performance impacted by one off event related to re- engineering of Power Transformer product line Restructuring project in Power Business on track, expected to be complet
Slide 23: We put all our energy into Saving yours
We put all our enersy into Saving yours
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