Triveni Engineering and Industries Limited · NSE:TRIVENI
Triveni Engineering and Industries — Investor Presentation (December 2011)
31 slides from Triveni Engineering and Industries's investor presentation, December 2011
Slide 1: Corporate Presentation FY 2011
Corporate Presentation FY 2011
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 06-11 3068 3000 SALES – 39% 2625 2500 PBIT – 46% 2000 ` in millions 1730 1500 1437 1006 1000 588 565 651 500 392 325 192 98 0 FY06 FY07* FY08 FY09 FY10 FY11 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 – Low Speed Gear Technology License Agreement
GEARS BUSINESS GROUP – LOW SPEED GEAR TECHNOLOGY LICENSE AGREEMENT 8 On 22nd July 2011, the company signed the Technology License Agreement for manufacture of niche engineered-to-order high technology low speed gear applications with Lufkin The agreement envisages transfer of technology for four
Slide 9: Gears Business Group - Financial Performance
GEARS BUSINESS GROUP - FINANCIAL PERFORMANCE 9 1202 1200 34 CAGR 06-11 35 35 33 1014 1000 SALES – 22% 30 PBIT – 41% 29 800 769 733 PBIT Margins (%) ` in millions 25 605 600 24 450 419 20 400 17 345 220 244 15 200 146 76 0 10 FY 06 FY 07* FY 08 FY 09 FY10 FY11 Net Sales PBIT PBIT Margins FY07* - 12 m
Slide 10: Water Industry – Potential to Grow
WATER INDUSTRY – POTENTIAL TO GROW 10 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 Wa
Slide 11: Water Business Group - Business Perspective
WATER BUSINESS GROUP - BUSINESS PERSPECTIVE 11 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 12: Water Business Group - Financial Performance
WATER BUSINESS GROUP - FINANCIAL PERFORMANCE 12 CAGR 06-11 1866 1900 16 17 1800 SALES – 68% 1700 1610 1600 16 PBIT – 60% 15 1500 15 14 1400 1300 13 1200 12 PBIT Margins (%) 1100 ` in millions 997 12 1000 11 900 800 700 668 600 9 500 400 400 300 219 232 7 200 138 105 148 100 22 46 0 5 FY 06 FY 07 (*)
Slide 13: Sugar Business
SUGAR BUSINESS SUGAR BUSINESS One of the largest sugar producers in India – 61000 TCD capacity CO-GENERATION BUSINESS 68 MW of state of the art co-generation facilities; with one 22 MW plant having multi-fuel capability DISTILLERY BUSINESS One of the largest single stream molasses based distillery i
Slide 14: Sugar Industry Overview
SUGAR INDUSTRY OVERVIEW 14 Global: The global sugar production for 2010-11 is estimated at 165.68 million tonnes, which is an increase of ~ 12 million tonnes from the previous year. The increase in the production for the current season was contributed by India, Brazil and Thailand. Thailand's su
Slide 15: Domestic Production & Consumption of Sugar
DOMESTIC PRODUCTION & CONSUMPTION OF SUGAR 15 (Figures in million tonnes) 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 (Prov) (Est.) Opening Stock as on 1st Oct. 4.3(*) 11.0 10.4 4.4 5.0 5.7 Production during the Season 28.3 26.3 14.5 18.9 24.4 25.0 Imports - - 2.5 4.0 0 0 Total Availability 32.6
Slide 16: Sugar – Key Differentiators
SUGAR – KEY DIFFERENTIATORS 16 Major facilities located in cane rich areas of Western Uttar Pradesh with more than 80% cane intensity – fertile and irrigated land Deoband (14,000 Sugar cane catchment area for all sugar Chandanpur TCD) (6,000 TCD) units under canal irrigation – both in Western & Cent
Slide 17: Sugar - Performance
SUGAR - PERFORMANCE 17 Sugar Season 2010-11 For 2010-11 season, Government revised the levy obligation from 20% to 10%. SAP announced by UP Government was ` 205 per quintal for normal variety and Mills paid as per SAP. Triveni‘s seven sugar units put together crushed 4.56 million tonnes of sug
Slide 18: Sugar Business – Co-generation Business
SUGAR BUSINESS – CO-GENERATION BUSINESS 18 68 MW of co-generation capacity; three plants in two 1467 1470 45 sugar units of Khatauli & Deoband. 1370 1339 41 FY 2010-11: 40 1270 Achieved net sales of `1171 million with PBIT of ` 366 34 1174 1171 million @ 31% margin. 1170 35 199 million units of
Slide 19: Sugar Business - Distillery Business
SUGAR BUSINESS - DISTILLERY BUSINESS 19 Integration of Sugar operation – value addition of by- 24 889 900 25 product – molasses. 160 KLPD distillery, commissioned in April 2007, is one 800 762 of the largest single stream molasses based distillery in 737 the country and is located at Muzaffarnag
Slide 20: Triveni Turbine Ltd. (TTL)
TRIVENI TURBINE LTD. (TTL) Triveni Turbine Ltd. (TTL) 50% plus one share GE Triveni Ltd. (JV with GE)
Slide 21: Demerger of Steam Turbine Business into Triveni Turbine Limited
DEMERGER OF STEAM TURBINE BUSINESS INTO TRIVENI TURBINE LIMITED (TTL) 21 Board of Directors approved the demerger of Turbine Business from Triveni Engg & Ind Ltd (TEIL) in March 2010. The demerged entity is Triveni Turbine Limited (―TTL‖) (formerly known as Triveni Retail Ventures Ltd.). The s
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 des
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 e
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 manufacture
Slide 26: TTL - Customer Care & Refurbishing
TTL - CUSTOMER CARE & REFURBISHING 26 Customer Care An extensive network of 13 Service centres. A strong team of 180 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 06-11 6135 26 6000 23 SALES – 17% 22 5256 22 5500 20 21 5000 PBT – 28% 4845 21 4542 4500 4680 16 4000 13 PBT Margins (%) 3500 ` in millions 3000 2783 11 2500 2000 6 1500 1289 1135 1140 916 978 1000 1 500 373 0 -4 FY 06 FY 07 FY 08 FY 09 FY10 FY1
Slide 28: Performance – TTL
PERFORMANCE – TTL 28 (*) Performance of TTL; (#) Performance of Turbine business under Triveni Engg & Ind. Limited
Slide 29: Performance – TTL
PERFORMANCE – TTL 29 • During the quarter the overall sales were higher by 6.5% while for the half year, the increase has been 11.5%. • The mix of product and after-market has been 85:15 for the quarter, while for the half year, it has been 86:14.
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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