Triveni Engineering and Industries Limited · NSE:TRIVENI
Triveni Engineering and Industries — Q2 FY2018 Earnings Presentation
35 slides from Triveni Engineering and Industries's earnings presentation, November 2017
Slide 1: Corporate Presentation (November 2017)
CORPORATE PRESENTATION (November 2017)
Slide 2: Triveni Group Organisation Structure
Triveni Group Organisation Structure Triveni Group Triveni Triveni Engineering Turbine Ltd. & Industries (TTL) TEIL holds 21.8% of the equity in TTL Ltd. (TEIL) 50% plus one share Sugar Co- Sugar Distillery GE Triveni Businesses generation Businesses Business Ltd. Business (GETL) Triveni Triveni Tur
Slide 3: Triveni Group Fact Sheet
Triveni Group Fact Sheet Two Independent Listed Companies with total FY 17 gross 1 revenue of INR 37.12 billion (USD 573 million) – Triveni Engineering & Industries Ltd. and Triveni Turbine Ltd. Listed in both National Stock Exchange & Bombay Stock Exchange 2 Total Market Capitalisation of ~ INR 6.7
Slide 4: Financial Performance – TEIL (Consolidated)
Financial Performance – TEIL (Consolidated) In ` million % % Q2 FY 18 Q2 FY 17 H1 FY 18 H1 FY 17 Change Change Gross Revenue 10608 6755 57 19050 13057 46 EBITDA 1703 1287 32 3023 2381 27 EBITDA Margin (%) 16 19 16 18 Share of income from 49 65 73 119 Associates Profit / (Loss) Before Tax 1407 896 57
Slide 5: Engineering Business
Engineering Business ENGINEERING & INDUSTRIES LTD. 5
Slide 6: Engineering Businesses
Engineering Businesses Triveni Gears Market leader in High speed gears & gear boxes upto 70 MW capacity and speed of 70,000 rpm Triveni Water A leading player in the high technology water & wastewater management business 6
Slide 7: Engineering Businesses – Revenue Growth
Engineering Businesses – Revenue Growth 4000 3951 3500 3009 3000 2736 2734 2524 2500 ` in millions 2000 1500 1000 423 500 256 255 153 70 0 FY 12 FY 12-14* FY 15 FY 16 FY 17 Revenue PBIT Note: For FY 16 & FY 17 revenue figures are including excise duty FY 12-14* - 18 months period from Oct 12 – Mar 1
Slide 8: Gears Business - Overview
Gears Business - Overview Design, manufacture and marketing of customised Triveni technology for high speed gear boxes upto gears and gearboxes (both high speed and niche low 7.5 MW and for hydel gearbox range upto 6 MW speed gears) Range above 7.5 MW-62 MW is manufactured using State-of-the
Slide 9: Gears Business - Overview
Gears Business - Overview Fully integrated plant with all critical operations in-house with state-of-the-art infrastructure More than 21,500 MW and Preferred partner to 7150 gearboxes in Domestic and operation Multinational OEMs Leading Turbo Gears company in India and SE Asia, market share of >80%
Slide 10: Gears Business – Financial Performance
Gears Business – Financial Performance 1600 1421 1400 1199 1200 1043 1033 1000 922 ` in millions 800 600 397 400 301 292 292 180 200 0 FY 12 FY 12-14* FY 15 FY 16# FY 17# Net Sales PBIT #revenue figures are including excise duty FY 12-14* - 18 months period from Oct 12 – Mar 14 While the turnover
Slide 11: Water Business - Overview
Water Business - Overview Technology association with world’s leading During FY 12, 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 an International Wat
Slide 12: Water Business - Overview
Water Business - Overview Over 100 successfully operating installations Technology associations with the across various segments – world’s leading technology infrastructure, industrial providers for various products, and municipal processes and solutions Won many Water Awards Approx. 8000 MLD of for
Slide 13: Water Business – Financial Performance
Water Business – Financial Performance 3000 2530 2500 1976 2000 1812 1692 ` in millions 1500 1326 1000 500 -28 123 -37 -141 -221 0 FY 12 FY 12-14 (*) FY 15 FY 16# FY 17# -500 Net Sales PBIT #revenue figures are including excise duty FY 12-14* - 18 months period from Oct 12 – Mar 14 Slow progress a
Slide 14: Sugar Business
Sugar Business ENGINEERING & INDUSTRIES LTD. 14
Slide 15: Sugar Business
Sugar Business Sugar One of the largest sugar producers in India with seven sugar manufacturing facilities Co-generation Three grid connected co-generation plants and three incidental co-generation plants located across five sugar units. Distillery One of the largest single stream molasses based dis
Slide 16: Sugar Business – Industry Overview
Sugar Business – Industry Overview As per the estimates, with opening sugar inventories increased quantity of ~12% over last year. of ~3.9 million tonnes, the country’s sugar production The Government has extended the stock limit on for 2017-18 is estimated at around 25.1 million dealers of suga
Slide 17: Sugar Business – Industry Overview (International)
Sugar Business – Industry Overview International Sugar Scenario The global sugar output is estimated at 191 In Thailand, the sugar production is estimated million tonnes in 2017/18 with global surplus of at 11.2 million tonnes in 2017/18, an increase 3.87 million tonnes. of 12% as compared to th
Slide 18: Sugar Business – Industry Overview
Sugar Business – Industry Overview (Figures in million tonnes) 2016-17 2017-18 2012-13 2013-14 2014-15 2015-16 (P) (E) Opening Stock as on 1st Oct. 6.6 9.3 7.5 9.1 7.75 3.9 Production during the Season 25.1 24.4 28.3 25.1 20.3 25.1 Imports 0.7 0.1 0.0 0.0 0.5 0.3 Total Availability 32.4 33.8 35.8 34
Slide 19: Sugar Business - Overview
Sugar Business - Overview Major facilities located in cane rich areas of Western Closer to country’s major sugar consuming markets Uttar Pradesh with more than 80% cane intensity – - better realizations & lower transportation cost. fertile and irrigated land Long term relationship with ~ 250,000
Slide 20: Sugar Business – Financial Performance
Sugar Business – Financial Performance The Company achieved record sales in the quarter The sugar realization has shown an improvement of and half year – both in terms of volume and value 2.4% quarter-over-quarter with the average realization for H1 FY 18 at ` 37404/tonne Higher dispatches cou
Slide 21: 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-generation Company are registered as Clean Development plants located across five sugar units which facilitate Mechanis
Slide 22: Co-generation Business – Financial Performance
Co-generation Business – Financial Performance 3000 2657 2500 ` in millions 2000 1826 1706 1568 1500 1293 994 1000 780 694 499 658 500 0 FY 12 FY 12-14 (*) FY 15 FY 16# FY 17# Net Sales PBIT #revenue figures are including excise duty FY 12-14* - 18 months period from Oct 12 – Mar 14 On account of
Slide 23: 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 24: Distillery Business – Financial Performance
Distillery Business – Financial Performance 2500 2261 2000 1805 1680 1525 ` in millions 1500 1264 1000 737 437 466 500 272 287 0 FY 12 FY 12-14 (*) FY 15 FY 16# FY 17# Net Sales PBIT #revenue figures are including excise duty FY 12-14* - 18 months period from Oct 12 – Mar 14 The distillery remaine
Slide 25: Triveni Turbine Ltd.
Triveni Turbine Ltd. 25
Slide 26: Triveni Turbines Factsheet
Triveni Turbines Factsheet One of the world’s largest Market leadership position Joint Venture with General manufacturers of steam in India, with around 60% Electric (now BHGE), GE turbines up to 30 MW market share for a decade Triveni Ltd, with majority range for providing stake for the range above
Slide 27: Triveni Turbines Factsheet
Triveni Turbines Factsheet Over 3000 steam turbines installed globally Presence in Over 12 GW over 70 power generation countries capacity 27
Slide 28: Global Footprint
Global Footprint TRIVENI TURBINES EUROPE PVT LTD TRIVENI TURBINES c LTD. DMCC THAILAND v VIETNAM TRIVENI TURBINE LTD, INDIA 13 SERVICE INDONESIA CENTERS SOUTH AFRICA Head Office/ International Subsidiaries Manufacturing Service Locations CAGR of 25% in Export sales in past 5 years 28
Slide 29: Infrastructure
Infrastructure State-of-the-art manufacturing facilities 1 equipped to provide manufacturing of critical components, assembly, testing and refurbishing services Latest design tools and software to deliver 2 innovative solutions to customers 29
Slide 30: Design & Development
Design & Development Continuous value engineering helps us to deliver products designed to meet customers’ requirements for economic installation and operation Strong design team supported by Innovative product development consultants and domain experts concepts such as design to cost, QFD, FMEA tec
Slide 31: Comprehensive Service Solutions
Comprehensive Service Solutions Highly Skilled Team Customised Total High Repeat Service OEM Expertise Customer Customers Solutions Satisfaction Orders Latest Equipment Service Offerings: • Full speed vacuum balancing tunnel for balancing turbines, compressors/alternators • Customization & upgradati
Slide 32: Financial Performance
Financial Performance 8000 30 7446 7129 7000 6569 6255 23.4 24.8 25 23.8 6000 21.7 20.0 5083 20 5000 ` in millions 4000 15 (%) 3000 10 2000 1846 1567 1670 1356 1014 5 1000 0 0 FY13 FY14 FY15 FY16 FY17 Net Sales PBT PBT Margins (%) Note: For FY 16 & FY 17 consolidated numbers including Share of Profi
Slide 33: Q2/H1 FY 18 Financial Performance (Consolidated)
Q2/H1 FY 18 Financial Performance (Consolidated) (Figures in ` million) Q2 FY 18 Q2 FY 17 % Change H1 FY 18 H1 FY 17 % Change Net Income from 2197 2018 9% 3414 3635 -6% Operations EBITDA 487 525 -7% 678 909 -25% EBITDA Margin 22.2% 26.0% 19.9% 25.0% Depreciation & 41 34 20% 91 70 30% Amortisation PB
Slide 34: GE Triveni Ltd.
GE Triveni Ltd. Triveni Turbine Ltd. formed a 50:50 Joint Venture GETL recorded sales of ` 813 million with a PAT of with a GE affiliate on 15th April 2010. GE Triveni Ltd. ` 66 million during H1 FY 18 (GETL) headquartered in Bengaluru, a subsidiary of Even though the JV did not close any orde
Slide 35: 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] ------------------------
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