CG Power & Industrial Solutions Ltd · NSE:CGPOWER
CG Power & Industrial Solutions — Q1 FY2013 Earnings Presentation
17 slides from CG Power & Industrial Solutions's earnings presentation, Jul 20, 2012
Slide 1: Analyst Meet - Q1
Analyst Meet - Q1 The Trident, Trident Mumbai July 20, 2012 1
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: Q1 Results
Q1 Results 3
Slide 4: Q1 Highlights – CG Global
Q1 Highlights – CG Global INR Cr. Cr Orders Received 2,717 + 60% 1 703 1,703 Q1 2012 2012-13 13 vs Q1 2011 2011-12 12 Q1 Jun 2011 Q1 Jun 2012 » Orders Received + 60% Revenues » Revenue growth + 15% 2,811 + 15% 2,438 Q1 Jun 2011 Q1 Jun 2012 4
Slide 5: Orders Split by Region
Orders Split by Region EMEA EMEA 25% APAC Americas 8% 20% India* 47% * Includes India consumers Business 5
Slide 6: Orders growth by Region
Orders growth by Region + 85% Qtr 1 FY 12 Qtr 1 FY 13 EMEA + 49% Qtr 1 FY 12 Qtr 1 FY 13 + 117% APAC + 22% Qtr 1 FY 12 Qtr 1 FY 13 Americas Qtr 1 FY 12 Qtr 1 FY 13 India CG has outperformed markets in emerging as well as developed economies in terms of growth in New Orders 6
Slide 7: Consolidated Financials – Q1
Consolidated Financials – Q1 INR Cr. Q1 Jun 2011 Q1 Jun 2012 Orders Received 1703 2717 growth% 59 5% 59.5% Revenues 2438 2811 growth% 15.3% Order Backlog 7087 9172 growth% 29.4% EBIDTA 182 167 (W/O Other Income) as % revenue 5.9% EBIT 136 139 PAT 79 86 EPS (Rs) 1.24 1.34 7
Slide 8: Consolidated Segment Results – Q1
Consolidated Segment Results – Q1 INR Cr. Q1 Jun 2011 Q1 Jun 2012 Δ Change Power Orders Received 1268 2118 67% R Revenues 1517 1762 16% EBIT 40 47 EBIT Margin 2.6% 2.6% Industrial Orders Received 435 600 38% Revenues 380 405 7% EBIT 51 36 EBIT Margin 13.4% 9.0% Consumer Revenues 544 652 20% EBIT 75
Slide 9: UEOB Evolution
UEOB Evolution INR Cr. UEOB 9172 + 29% 7087 Q1 Jun 2011 Q1 Jun 2012 9
Slide 10: Power Business
Power Business INR Cr. Q1 Performance Order Input » EHV 2118 + 67% » CG’s First 1200kV Auto-Transformer (333MVA 1150/420kV single phase 1268 UHVAC Transformer) successfully commissioned at PGCIL's National Test Station, Bina » Projects Q1 Jun 2011 Q1 Jun 2012 » Biggest order won by CG’s Engineering
Slide 11: Power Business
Power Business INR Cr. Revenues Q1 Performance 1762 + 16% » Successfully developed 400 kV Spring- spring Gas Circuit breaker . Already received order for a power plant 1517 » Major order received from Hydro One in Canada for complex Power Transformers Q1 Jun 2011 Q1 Jun 2012 with intricate windingg
Slide 12: Industrial Systems
Industrial Systems INR Cr Order Input » Q1 Performance 600 » Electrical Transportation + 38 % 435 » Booked highest ever order of from Indian Railways for Power & Auxiliary Converters for three phase locos » Smart Solutions » VSD / Soft starter order received from customer in Mining/Steel sector in S
Slide 13: Consumer Products
Consumer Products INR Cr » Fans Revenues » Maintained leadership status with 22.5% market share with growth of 27% in Q1 652 + 20 % » Launched L h d ceiling ili ffans in i new metallic t lli colours in automotive finish » Bagged an order for supply of 10,200 544 ceiling fans from SBI » Lighting » Wo
Slide 14: Update on Value Creation Levers
Update on Value Creation Levers Strategic levers Offering Sourcing Move to High value added offerings Global sourcing organization Enter new segments Sourcing office established in Shanghai, China Focus on new geographies – Middle East, Brazil Planned Actions Steps and Q1 Brazil Plant inau
Slide 15: Update on Value Creation Levers
Update on Value Creation Levers Strategic Manufacturing Continuous levers Footprint Improvement Consolidation of European platform Belgium Operations to be optimized for cost advantages Six sigma program roll out world wide 260 employees are contemplated to be covered under the right-sizing
Slide 16: Key Takeaways from Q1
Key Takeaways from Q1 CG outperformed the market in all regions and product lines mainly due to successful integration of new offerings (HV Transmission, consumer) Q1 margins impacted due to Transformer operations in Belgium and lower sales of HT motors in India Record backlog with approximate
Slide 17: We put all our enera7
We put all our enera7 into Saving yours nee
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