Triveni Engineering and Industries Limited · NSE:TRIVENI
Triveni Engineering and Industries — Investor Presentation (February 2015)
32 slides from Triveni Engineering and Industries's investor presentation, February 2015
Slide 1: Corporate Presentation
CORPORATE PRESENTATION Sugar Business Water Business Triveni Engineering & Industries Co-generation & Ltd. Gears Business Distillery Business FEBRUARY 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 46 billion (February 13, 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 3000 2736 2625 2500 ` in millions 2000 1730 1437 1500 1000 651 565 392 423 500 325 256 0 FY08 FY09 FY10 FY11 FY12 FY12-14* 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 1000 769 800 733 600 419 397 400 345 301 220 244 200 0 FY 08 FY 09 FY10 FY11 FY12 FY12-14* Net Sales PBIT FY 12-14* - 18 months period from Oct 12 – Mar 14 The performance of this unit was impacted by respectiv
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 2000 1866 1692 1610 ` in millions 1500 997 1000 668 500 219 232 105 148 123 -141 0 FY 08 FY 09 FY 10 FY 11 FY 12 FY 12-14 (*) -500 Net Sales PBIT FY 12-14* - 18 months period from Oct 12 – Mar 14 While the turnover is higher than the previous During the nine month p
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 Three co-generation & distillery in the three incidental co- country locat
Slide 12: Sugar Business – Industry Overview
Sugar Business – Industry Overview Global: The share of ethanol in CS Brazil has gone up On the International front, almost all the sugar from 54.4% in 2013/14 to 56.5% in 2014/15 as producing countries like Brazil, EU, Thailand, on Dec 1, 2014. The outlook for ethanol Australia, Russia, China e
Slide 13: Sugar Business – Industry Overview
Sugar Business – Industry Overview India: farmers in two installments. The first Considering acute hardships of the sugar industry, installment would be paid by the mills within 14 the industry has represented to the Central days at the rate of ` 40 per quintal less than Government to consider fol
Slide 14: Sugar Business – Industry Overview
Sugar Business – Industry Overview (Figures in million tonnes) 2013-14 2009-10 2010-11 2011-12* 2012-13* (P) Opening Stock as on 1st Oct. 4.3 4.9 5.8 6.6 9.3 Production during the 18.9 24.3 26.3 25.1 24.4 Season** Imports 4.0 0 0 0.7 0.1 Total Availability 27.3 29.3 32.1 32.4 33.8 Off-take I) Intern
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 The sugar cane crush during the current quarter As per the cane price guidelines announced by the is higher at 1.72 million tonnes due to higher UP government, a subsidy of ` 28.60/quintal has operating days as the season commenced earlier been prescribed based on the actual sugar
Slide 17: Co-generation Business
Co-generation Business Triveni presently operates three co-generation Deoband and Khatauli co-generation plants of power plants, one at Deoband and two at the Company are registered as Clean Khatauli and three incidental co-generation Development Mechanism (CDM) projects with plants at Chandanpu
Slide 18: Co-generation Business
Co-generation Business 3000 2657 2500 ` in millions 2000 1467 1500 1293 1174 1171 948 994 1000 476 499 500 366 201 270 0 FY 08 FY 09 FY 10 FY 11 FY 12 FY 12-14 (*) Net Sales PBIT FY 12-14* - 18 months period from Oct 12 – Mar 14 The operating days of co-generation units and Deoband units, income o
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 1500 1264 1000 889 737 737 539 762 500 272 177 92 90 81 0 FY 08 FY 09 FY 10 FY 11 FY 12 FY 12-14 (*) Net Sales PBIT FY 12-14* - 18 months period from Oct 12 – Mar 14 The realization for the quarter and nine month In the latest E-tender of ethanol,
Slide 21: Financial Performance
Financial Performance Net Sales (` In Million) (Overall) 12934 Net Turnover – Sugar Business 12472 (` In Million) 16130 Apr - Dec 2014 Apr - Dec 2013 15785 1089 1239 579 572 Apr – Dec 2014 Apr – Dec 2013 Sugar Co-generation Distillery Revenue Composition (` In Million) Net Turnover – Engineering Bus
Slide 22: Triveni Turbine Ltd. (TTL)
Triveni Turbine Ltd. (TTL) • Triveni Turbine Limited Triveni (TTL) is one of the Turbine Ltd. leading industrial steam (TTL) turbine manufacturers of India in the up to 30 MW segment with a dominant market share. 50% plus one share • TTL listed in NSE & BSE, two major stock exchanges in India. GE Tr
Slide 23: TTL – Fact Sheet
TTL – Fact Sheet Delivering STG Packages --------------------------------------------- Delivering STG packages up to 30 MW. Installations base of over 2500 turbines globally. Market Share --------------------------------------------- Key global player in steam turbine market with market leadership p
Slide 24: TTL – Business Perspective
TTL – Business Perspective The current range of product up to 30MW. Commands market leadership for range up to 30 MW. 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, pharm
Slide 25: Efficient Products
Efficient Products Back Pressure Steam Turbines Engineered- to-order Product Straight Back Pressure Type Condensing Steam Turbines Straight Condensing Type Condensing Type with Product Controlled Extraction Increase Condensing Type with Cost Triveni Efficient Efficiency Un-Controlled Extraction Turb
Slide 26: 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 development acclaimed turbo-machinery concepts such as design to cost, design houses QFD, F
Slide 27: TTL – Aftermarket Services
TTL – Aftermarket Services Full speed vacuum balancing tunnel for Refurbishment & Residual Life Assessment of balancing turbines, compressors/alternators – all makes of turbines, compressors etc. can undertake balancing for turbo machines up Customization & upgradation of old turbines for to 300 MW
Slide 28: TTL – Financials
TTL – Financials PBT Net Sales PBT Margins 1013 FY14 5057 1567 FY13 FY14 FY 08 6569 20.0 23.5 1350 FY12 6319 FY 13 23.8 FY 09 1289 21.7 FY11 6135 1140 FY12 FY10 FY10 5256 21.3 21.4 FY11 978 FY 09 20.9 4542 1135 FY 08 4845 0 1000 2000 3000 4000 5000 6000 7000 All financials are for April-March period
Slide 29: TTL – Financials
TTL – Financials (Figures in ` million) Q3 FY 15 Q3 FY 14 9M FY 15 9M FY 14 Oct - Dec Oct - Dec % Apr - Dec Apr - Dec % 2014 2013 change 2014 2013 change Net Revenue 1505 1409 7 4274 3744 14 EBITDA 385 335 15 1033 823 25 EBITDA Margin 25.6% 23.8% 24.2% 22.0% Depreciation & 39 32 21 120 96 25 Amortis
Slide 30: TTL – Financials
TTL – Financials The net sales for the quarter and nine months During the 9M FY 15, the total product order under review have been higher by 7% and 14% intake has been ` 3.5 billion, which is a growth of respectively. 28% in comparison to the corresponding period of The lesser than anticipated growt
Slide 31: GE Triveni Ltd.
GE Triveni Ltd. Triveni Turbine Ltd. formed a 50:50 Joint Venture With a strong order backlog and enquiry book, the with GE on 15th April 2010. GE Triveni Ltd. business is expected to gain momentum. Even (GETL) headquartered in Bengaluru, a subsidiary though there has been no order finalization duri
Slide 32: 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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