Triveni Engineering and Industries Limited · NSE:TRIVENI
Triveni Engineering and Industries — Q1 FY2016 Earnings Presentation
38 slides from Triveni Engineering and Industries's earnings presentation, August 2015
Slide 1: Corporate Presentation (Q1 FY 16)
CORPORATE PRESENTATION (Q1 FY 16)
Slide 2: Triveni Group Organisation Structure
Triveni Group Organisation Structure Triveni Group Triveni Triveni Engineering Turbine Ltd. & Industries TEIL holds 21.8% of the equity in TTL (TTL) Ltd. (TEIL) 50% plus one share Sugar Co- Sugar Distillery GE Triveni Businesses generation Businesses Business Ltd. Business (GETL) Engineering Gears W
Slide 3: Triveni Group Fact Sheet
Triveni Group Fact Sheet Two Independent Listed Companies with pan India presence – Triveni Engineering & Industries Ltd. and Triveni Turbine Ltd. Listed in both National Stock Exchange & Bombay Stock Exchange – Market Cap of ~ INR 46 billion (as on August 20, 2015) Promoter driven, professionally m
Slide 4: Engineering Businesses
Engineering Businesses ae Gl [riven |ENGINEERING & INDUSTRIES LTD.
Slide 5: Engineering Business – Pan India Presence
Engineering Business – Pan India Presence Engineering Businesses Noida Gears Business Water Market leader in High Business speed gears & gear boxes upto 70 MW capacity and speed of 70,000 rpm A leading player in the Mysore Corporate Office high technology water & wastewater Manufacturing Facilities
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 - Overview
Gears Business - Overview Triveni is in the business of design, manufacture South East Asia such as Malaysia, Indonesia, and marketing of customised gears and gearboxes Singapore, Thailand with the possibility of (both high speed and niche low speed gears) enhancing territories in the future. havi
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 in Q1 FY 16 has been muted as is been higher in compari
Slide 9: Water Business - Overview
Water Business - Overview Technology association with world’s leading During FY12, the company has made a long term technology providers for various products, process strategic investment by acquiring 25.04% equity & solutions such as Ultra filtration (UF), Reverse stake in Aqwise-Wise Water Tec
Slide 10: Water Business – Financial Performance
Water Business – Financial Performance 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 The turnover during the quarter has suffered due to are in pi
Slide 11: Sugar Businesses
Sugar Businesses _ ae Gl [riven |ENGINEERING & INDUSTRIES LTD.
Slide 12: Sugar Business
Sugar Business Sugar Businesses Sugar Business Distillery Business One of the largest sugar Co-generation producers in India with Business seven sugar manufacturing facilities One of the largest single stream molasses based distillery in the country Three grid connected located at Muzaffarnagar co-g
Slide 13: Sugar Business – Industry Overview
Sugar Business – Industry Overview India: As per industry estimates, the country’s sugar Uttar Pradesh is estimated to have sugarcane production for SS 2014-15 is estimated at 28.2 acreage of 23.14 lac hectares in SS 2015-16, as million tonnes which is a growth of 16%. against 23.07 lac hectares
Slide 14: Sugar Business – Industry Overview
Sugar Business – Industry Overview Global: The Central government has approved soft loans to In Brazil, a total of 153.9 million tonnes of sugarcane the extent of ` 6000 crore to the sugar industry to is crushed till mid June in the Centre-South which is help the industry clear its cane dues arr
Slide 15: Sugar Business – Industry Overview
Sugar Business – Industry Overview (Figures in million tonnes) 2014-15 2010-11 2011-12* 2012-13* 2013-14 (E) Opening Stock as on 1st Oct. 4.9 5.8 6.6 9.3 7.5 Production during the Season** 24.3 26.3 25.1 24.4 28.3 Imports 0 0 0.7 0.1 0.0 Total Availability 29.3 32.1 32.4 33.8 35.8 Off-take I) Intern
Slide 16: Sugar Business - Overview
Sugar Business - Overview 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% cane markets - better realizations & lower intensity – fertile an
Slide 17: Sugar Business – Financial Performance
Sugar Business – Financial Performance On account of improved recoveries by 25 basis In accordance with the UP Government’s cane points and higher volume of sugarcane crush by subsidy package, a cash subsidy of ` 28.60/quintal 10%, the overall sugar production for the 2014-15 has been considered
Slide 18: Co-generation Business - Overview
Co-generation Business - Overview Triveni presently operates grid connected three co- Deoband and Khatauli co-generation plants of the generation plants and three incidental co- Company are registered as Clean Development generation plants located across five sugar units Mechanism (CDM) projects
Slide 19: Co-generation Business – Financial Performance
Co-generation Business – Financial Performance 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 During the quarter under review, the co-generation The op
Slide 20: Distillery Business - Overview
Distillery Business - Overview One of the largest single stream molasses based The distillery has a flexible manufacturing process distillery in the country located at Muzaffarnagar. allowing it to produce Extra Neutral Alcohol (ENA), Strategically located in close proximity to two of its Rect
Slide 21: Distillery Business – Financial Performance
Distillery Business – Financial Performance 2500 2261 ` in millions 2000 1525 1500 1264 1000 889 762 737 500 287 272 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 sales quantity and average realisation during of ` 40.24 per litre.
Slide 22: Scheme of Arrangement
Scheme of Arrangement | ae Gl [riven |ENGINEERING & INDUSTRIES LTD.
Slide 23: Scheme of Arrangement
Scheme of Arrangement Board of Directors of Triveni Engineering & Industries Limited (‘TEIL’ or ‘the Company’) at its meeting held today i.e. 28th July 2015 have considered and approved the Composite Scheme of Arrangement (“Scheme”) between Triveni Engineering & Industries Limited (‘TEIL’ or ‘the Tr
Slide 24: Scheme of Arrangement
Scheme of Arrangement 2. Transfer and vesting (by way of demerger) of the Demerged Undertaking of TEIL (principally comprising sugar plants situated at Khatauli and Deoband (Western UP) along with their cogeneration facilities, Distillery situated at Muzaffarnagar (Western UP) and related investment
Slide 25: Triveni Turbine Ltd.
Triveni Turbine Ltd.
Slide 26: Triveni Turbine Ltd.
Triveni Turbine Ltd. Triveni • Triveni Turbine Limited (TTL) Turbine Ltd. is one of the leading (TTL) 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. GE Triveni • Strong Aftermarket services Ltd. ar
Slide 27: 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 28: 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 29: TTL – Business Perspective
TTL – Business Perspective 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 Ty
Slide 30: 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 As
Slide 31: TTL – Research & Development
TTL – Research & Development Strong design team Innovative designs delivering supported by consultants maximum performance and higher and domain experts efficiency Association with globally Innovative product development acclaimed turbo-machinery concepts such as design to cost, design houses QFD, F
Slide 32: TTL – Applications & Industry Segment
TTL – Applications & Industry Segment Industry Segments Applications Sugar Co-generation Palm Oil Captive Power Plant Distillery Combined Heat & Power Pulp & Paper CCP / Waste Heat Recovery Food Processing Incineration Textiles Biomass Steel & Metal Carbon Black Cement
Slide 33: 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 34: TTL – Financials
TTL – Financials ` million Standalone Q1 FY 16 Q1 FY 15 % change Total Income 1283.4 1244.4 3 EBITDA 247.6 253.8 (2) EBITDA Margin 20.0 20.9 Depreciation & Amortisation 35.3 40.6 (13) PBIT 212.3 213.2 0 PBIT Margin 16.5 17.1 Finance Cost 1.1 1.2 (12) PBT 211.2 212.0 0 PBT Margin 17.1 17.4 PAT 143.6
Slide 35: TTL – Financials
TTL – Financials The total income for the quarter under review has During Q1 FY 16, the total product order intake been higher by 3% with product segment showing has been ` 1.41 billion, which is a growth of 20% a growth of 5% y-o-y while the aftermarket in comparison to the corresponding period
Slide 36: GE Triveni Ltd. – Joint Venture
GE Triveni Ltd. – Joint Venture Triveni Turbine Ltd. formed a 50:50 Joint Venture The outstanding order book as on 30th June 2015 with GE on 15th April 2010. GE Triveni Ltd. for JV is ` 1.67 billion. The turnover of the JV (GETL) headquartered in Bengaluru, a subsidiary stood at ` 410 million in
Slide 37: 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/ Rabindra Basu Citigate Dewe Rogerson Tel: +91 22 66451237/1248 [email protected] / [email protected] ------------------------
Slide 38: Thank You
Thank Yo ae Gl [riven |ENGINEERING & INDUSTRIES LTD.
Triveni Engineering & Industries — Q1 FY2016 Earnings Presentation on 6ix