Triveni Engineering and Industries Limited · NSE:TRIVENI
Triveni Engineering and Industries — FY2015 Earnings Presentation
31 slides from Triveni Engineering and Industries's earnings presentation, May 2015
Slide 1: Corporate Presentation May 2015
CORPORATE PRESENTATION Sugar Business Water Business Triveni Engineering & Industries Co-generation & Ltd. Gears Business Distillery Business MAY 2015
Slide 2: Triveni Group Organisation Structure
Triveni Group Organisation Structure Triveni Group Triveni Triveni Engineering Turbine & Industries TEIL holds 21.8% of the equity in TTL Ltd. (TTL) Ltd. (TEIL) 50% plus one share Co- Sugar Sugar Distillery GE Triveni generation Businesses Business Business Ltd. Business (GETL) Engineering Gears Wat
Slide 3: Triveni Group Fact Sheet
Triveni Group Fact Sheet Two Independent Listed Companies – Triveni Engineering & Industries Ltd. and Triveni Turbine Ltd. Listed in both National Stock Exchange & Bombay Stock Exchange – Market Cap of ~ INR 42 billion (as on May 29, 2015) Promoter driven, professionally managed companies with
Slide 4: Triveni Engineering & Industries Ltd.
Triveni Engineering & Industries Ltd. Triveni Engineering & Industries Ltd. (TEIL) Sugar Engineering Businesses Businesses
Slide 5: Engineering Business – Pan India Presence
Engineering Business – Pan India Presence ENGINEERING BUSINESS Noida GEARS BUSINESS - MYSORE Market leader in High speed gears & gear boxes upto 70 MW capacity and speed of WATER BUSINESS 70,000 rpm – NOIDA Mysore Corporate Office Manufacturing Facilities A leading player in the high technology Wate
Slide 6: Engineering Businesses – Revenue Growth
Engineering Businesses –Revenue Growth 4000 3951 3500 3068 3009 3000 2736 2625 2500 ` in millions 2000 1500 1000 651 565 500 423 256 255 0 FY10 FY11 FY12 FY12-14* FY15 Revenue PBIT FY 12-14* - 18 months period from Oct 12 – Mar 14
Slide 7: Gears Business
Gears Business Triveni is in the business of design, manufacture markets in South East Asia such as Malaysia, and marketing of customised gears and Indonesia, Singapore, Thailand with the gearboxes (both high speed and niche low speed possibility of enhancing territories in the gears) having a sta
Slide 8: Gears Business – Financial Performance
Gears Business – Financial Performance 1600 1421 1400 1202 1200 ` in millions 1014 1043 1033 1000 800 600 419 397 400 345 301 292 200 0 FY10 FY11 FY12 FY12-14* FY15 Net Sales PBIT FY 12-14* - 18 months period from Oct 12 – Mar 14 The turnover and profitability in Q4 has been respectively. signific
Slide 9: Water Business
Water Business Technology association with world’s leading During FY12, the company has made a long technology providers for various products, term strategic investment by acquiring 25.04% process & solutions such as Ultra filtration (UF), equity stake in Aqwise-Wise Water Technologies Reverse O
Slide 10: Water Business
Water Business 3000 2530 2500 1976 2000 1866 1610 1692 ` in millions 1500 1000 500 219 232 123 -141 -37 0 FY 10 FY 11 FY 12 FY 12-14 (*) FY 15 -500 Net Sales PBIT FY 12-14* - 18 months period from Oct 12 – Mar 14 While the turnover is higher than the previous Many orders in both the segments are i
Slide 11: Sugar Businesses
Sugar Businesses SUGAR BUSINESSES SUGAR BUSINESS One of the largest sugar producers in DISTILLERY India with seven BUSINESS sugar manufacturing facilities CO-GENERATION One of the largest BUSINESS single stream molasses based Six co-generation units at distillery in the five of its facilities viz.,
Slide 12: Sugar Business – Industry Overview
Sugar Business – Industry Overview Global: In the second half of February 2015, global Centre South (CS) and North and North Eastern sugar prices went below 13 cents/lb for the first (NNE) Brazilian sugar mills crushed 571.34 time in six years due to various factors like million tonnes and 52.3
Slide 13: Sugar Business – Industry Overview
Sugar Business – Industry Overview India: With estimated sugar production of over 28 Considering acute hardships of the sugar million tonnes, the closing stock of sugar at the industry, the industry has represented to the end of the season is expected to be around 10 Central Government to consid
Slide 14: Sugar Business – Industry Overview
Sugar Business – Industry Overview (Figures in million tonnes) 2010- 2011- 2012- 2013-14 2014-15 2009-10 11 12* 13* (P) (E) Opening Stock as on 1st 4.3 4.9 5.8 6.6 9.3 7.5 Oct. Production during the 18.9 24.3 26.3 25.1 24.4 28.0 Season** Imports 4.0 0 0 0.7 0.1 0.0 Total Availability 27.3 29.3 32.1
Slide 15: Sugar Business
Sugar Business Deoband Chandanpur Rani Nangal Khatauli Milak Narayanpur Sabitgarh Ramkola Major facilities located in cane rich areas of Closer to country’s major sugar consuming Western Uttar Pradesh with more than 80% markets - better realizations & lower cane intensity – fertile and irrigated
Slide 16: Sugar Business
Sugar Business On account of improved recoveries by 25 basis prices during the period from October’2014 to points and higher volume of sugarcane crush by May’ 2015. Since the actual prices were well 10%, the overall sugar production for the 2014- below the threshold prices mentioned in the UP 15 s
Slide 17: Co-generation Business
Co-generation Business Triveni presently operates six co-generation Deoband and Khatauli co-generation plants of power plants, at five of its facilities viz the Company are registered as Clean Deoband , Khatauli, Chandanpur, Milak Development Mechanism (CDM) projects with Narayanpur & Sabitgarh
Slide 18: Co-generation Business
Co-generation Business 3000 2657 2500 ` in millions 2000 1467 1568 1500 1293 1171 994 1000 658 366 499 500 270 0 FY 10 FY 11 FY 12 FY 12-14 (*) FY 15 Net Sales PBIT FY 12-14* - 18 months period from Oct 12 – Mar 14 The operating efficiency of the plants New tariff order has been issued by UPERC
Slide 19: Distillery Business
Distillery Business One of the largest single stream molasses The distillery has a flexible manufacturing based distillery in the country located at process allowing it to produce Extra Muzaffarnagar. Neutral Alcohol (ENA), Rectified Spirit Strategically located in close proximity to (RS), Spe
Slide 20: Distillery Business
Distillery Business 2500 2261 2000 ` in millions 1525 1500 1264 1000 889 762 737 500 272 287 81 90 0 FY 10 FY 11 FY 12 FY 12-14 (*) FY 15 Net Sales PBIT FY 12-14* - 18 months period from Oct 12 – Mar 14 The average realisation for the quarter ended on For ethanol, the Company has total orders of
Slide 21: Triveni Turbine Ltd. (TTL)
Triveni Turbine Ltd. (TTL) Triveni • Triveni Turbine Limited Turbine Ltd. (TTL) is one of the (TTL) leading industrial steam turbine manufacturers of India in the up to 30 MW. 50% plus one share • TTL listed in NSE & BSE, two major stock exchanges in India. • Strong Aftermarket GE Triveni Ltd. servi
Slide 22: TTL – Fact Sheet
TTL – Fact Sheet Key global player in steam turbines industry with market leadership position in India, having over 60% market share in the range upto 30 MW Annual Consolidated Revenues for FY 15 at ` 6.51 billion (~ USD 102 million) Significant presence in South East Asia, Europe, South America, Mi
Slide 23: TTL – Business Perspective
TTL – Business Perspective Manufacturing since 1968; over 2,500 turbines manufactured and sold since inception. Cater to wide range of customers across segments like sugar, paper, co-gen, textiles, pharma, steel, IPP. Consistently upgrading the product range and efficiency. Highly efficient tu
Slide 24: Efficient Products
Efficient Products Back Pressure Steam Turbines Product Straight Back Pressure Type Extraction Back Pressure Type Engineered- Bleed Back Pressure Type to-order Condensing Steam Turbines Product Cost Efficient Straight Condensing Type Extraction Condensing Type Bleed Condensing Type Best–in–class Inj
Slide 25: TTL – Research & Development
TTL – Research & Development Strong design team Innovative designs delivering supported by consultants maximum performance and and domain experts higher efficiency Association with globally Innovative product acclaimed turbo- development concepts such as machinery design houses design to cost, QFD,
Slide 26: TTL – Aftermarket Services
TTL – Aftermarket Services Aftermarket Services are integrated under Customer Care Cell (CCC) which provides a comprehensive range of customized service solutions and complete life cycle support for industrial steam turbines Full speed vacuum balancing tunnel for Refurbishment & Residual Life balanc
Slide 27: TTL – Financials
TTL – Financials PBT Net Sales PBT Margins (%) 1356 FY15 6255 1014 FY14 5083 FY 15 FY11 21.7 20.9 1567 FY13 6569 FY14 FY12 20.0 21.3 1350 FY12 6319 FY 13 23.8 1289 FY11 6135 0 2000 4000 6000 8000 ` million All financials are for April-March period for respective financial year
Slide 28: TTL – Financials
TTL – Financials (Figures in ` million) Standalone Consolidated % % Q4 FY 15 Q4 FY 14 FY 15 FY 14 FY 15 FY 14 change change Total Income 1955.1 1316.2 6255.2 5082.7 23% 6507.7 5179.6 26% EBITDA 502.8 325.3 1535.0 1148.2 34% 1566.3 1144.0 37% EBITDA Margin 26% 25% 25% 23% 24% 22% Depreciation & Amort
Slide 29: TTL – Financials
TTL – Financials The total income for the quarter and the The export order booking for FY 15 stood year under review has been higher by 49% at ` 2.93 billion, which is a growth of and 23% respectively. 100% over the corresponding period of The after-market business grew by 32% last year. during the
Slide 30: GE Triveni Ltd.
GE Triveni Ltd. Triveni Turbine Ltd. formed a 50:50 Joint order book as on 31st March 2015 for JV is Venture with GE on 15th April 2010. GE `2.0 billion. GETL has achieved significantly Triveni Ltd. (GETL) headquartered in higher turnover than the previous years. Bengaluru, a subsidiary of TTL, will
Slide 31: Contact for Investor Relations
Contact for Investor Relations CN Narayanan Triveni Engineering & Industries Ltd. Tel. +91 120 430 8000 Fax : +91 120 431 1010 [email protected] Gavin Desa/ Ashwin Chhugani Citigate Dewe Rogerson Tel: +91 22 66451237/1250 [email protected] / [email protected] ------------------------
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