Bharat Heavy Electricals Limited · NSE:BHEL
Bharat Heavy Electricals — DSP Merrill Lynch 14th Annual India Investor Conference 2010
26 slides from Bharat Heavy Electricals's conference presentation, Feb 8, 2010
Slide 1: DSP Merrill Lynch 14th Annual India Investor Conference
At DSP Merrill Lynch 14th Annual India Investor Conference 8th February 2010 New Delhi
Slide 2: Cautionary Statement
>> Cautionary Statement Statements in this “presentation” describing the company’s objectives, estimates, expectations or predictions may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or i
Slide 3: A US$6 billion Engineering & Manufacturing enterprise
A US$6 billion Engineering & Manufacturing enterprise of its kind in India A ‘Navaratna’ company and a Major Integrated Power Plant Equipment Manufacturer in the World Profit Making Company since 1971-72 Consistent Dividend Paying Company for over thirty years (FY 1976-77 onwards) Referenc
Slide 4: Power Transmission Industry
Power Transmission Single Source for Multiple Industry Transportation Solutions of Infrastructure & Industrial Oil & Gas NCES Sectors of the Economy
Slide 5: Share Holding Pattern
Cater FT | Share Holding Pattern Fils, 15.45% MFs, 6.55% Insurance Cos., India, 67.72% an (As on 315t Dec’09 )
Slide 6: Major Performance Indicators
Cater FT | Major Performance Indicators an
Slide 7: Past Performance Trends: Turnover
Past Performance Trends: Turnover (Rs. crore) 30000 28,033 25000 21,401 20000 18,739 15000 14,525 10,336 10000 5000 a 0 i 04-05 05-06 06-07 07-08 08-09
Slide 8: Past Performance Trends: Profit
Past Performance Trends: Profit 6000 Rs. crore 4849 5000 4430 4000 3736 3000 + 2000 +1582 953 1000 i 0 04-05 05-06 06-07 07-08 08-09 mw PBT @ PAT
Slide 9: Total Order Book as on 31.12.09: Rs. 1,34,000 crore
Rs. crore Total Order Book as on 31.12.09: Rs. 1,34,000 crore
Slide 10: Growth Story Continues
(Rs. Crore) Parameter Q3 FY0910 Q3 FY0809 YoY % Turnover 7381 6445 + 15% EBIDTA 1755 1327 + 32% EBIDTA Margin 24% 21% +319 bps Profit Before Tax (PBT) 1644 1223 + 34% Profit After Tax (PAT) 1073 791 + 36% EPS (Rs) 21.91 16.13 + 36% Growth Story Continues
Slide 11: Order book up to Q3 FY09-10
OB up to Q3FY0910 Power Industry Exports (Rs Cr) 36,425 28425 7557 967 Rs.5564 Cr order for 3x660 MW Bara, Pryagraj PGCL, JP Group Rs.2889 Cr order for 5x270 MW ELENA PIL (India Bulls), Amaravati Rs.2486 Cr order for 2x600 MW PIPAVAV Energy Pvt. Ltd Rs.2889 Cr order for 5x270 MW ELENA PIL (I
Slide 12: Industry Segment contribution to total Turnover
Industry Segment contribution to • Transformers total Turnover: 25-27% • Switchgear • Indl. Control Gear / Control Panels Transmission, • Capacitors 7.6% • Insulators • HVDC/ Transmission Projects Transportation, • Traction machines 3.6% • Traction Control gears • DESL • AC Locos / DG Sets / Other O
Slide 13: BHEL & Power Sector
Cater FT | BHEL & Power Sector an
Slide 14: A major manufacturer of power plant equipment for various fuels
A major manufacturer of power plant equipment for various fuels Fully indigenized technology up to 600 MW from world leaders Supplies Steam turbines, generators, boilers and matching auxiliaries up to 800 MW ratings including supercritical sets of 660/800 MW 307 coal based sets installed, in
Slide 15: Power equipment ordering by fuel type
Thermal 33298 41% BHEL Ordered on 43913 Others 54% 36097 Hydro 45% 6142 8% Gas Nuclear 3973 500 5% 1%
Slide 16: XII Plan Capacity Addition Programme
XII PLAN CAPACITY ADDITION PROGRAMME (UTILITY SETS) Indicative Size ~ 100,000 MW Status of Ordering ~ 47,226 MW BHEL Others 25676 54% an 21550 46% (ators cr |
Slide 17: Drivers for Sustainable Growth
Cater FT | Drivers for Sustainable Growth an
Slide 18: Drivers of Growth
1. Building Capacities & Capabilities 7. Allied 2. Technology Enablers Competencies Drivers 6. Global Forays 3. Marketing of Innovations Growth 5. Emerging 4. Supply Chain Opportunities Agility
Slide 19: Building Capacities & Capabilities
Manufacturing Capacity Enhancement •15 GW by Mar 2010 •20 GW by Mar 2012 Bridging Skill Deficit Human Resource •Leveraging WRI •+8500 Trichy to train Building Employees high pressure Capacities & during 2007-09 welders of Capabilities •Momentum to contractors Continue •Joint stake in ITI Shantiniket
Slide 20: Technology Competencies
Technology Edge SUPERCRITICAL TECH •270/525/600 MW sub- critical sets introduced Orders Received for: •R&D in FY09 Rs. 690 Cr •2x800 MW Boilers for •Advance Class Gas Turbines Krishnapatnam tech in place •2x660 MW for Barh- •TCA with Sheffield Technology Forgemasters UK for II, NTPC Competencies For
Slide 21: Marketing Innovation and Supply Chain Agility
JV for 2x800 MW project each with TNEB and MPPGCL Marketing JV for 3x800 MW projects with KPCL Innovation MoU with Mahagenco for 2X660 MW plant at Latur, Maharashtra Partnerships forged with NTPC, KEL & HEC for strengthening the supply chain Enhancing Vendor base for Raw Materials & Supply Balance o
Slide 22: Emerging Opportunities
Nuclear Solar Transportation Transmission •Steam generators for new rating 700 •MoU with •MoU with •JV route MWe Nuclear sets BEL for GE for covering • MoU with NPCIL- formation of JV for formation Diesel Transformer conventional island of Nuclear Proj. of a JV to Electric GIS Technology tie-ups bei
Slide 23: Global Forays
Physical export orders of Rs.3,265 Crore in 2008-09 - from 22 countries Presently executing 40 contracts in 25 countries Forays in new markets – Belarus, Senegal, Rwanda & new market segments in Syria, Tajikistan, Japan, Nigeria LT business tie-up: 6 year Rate Contract for 126 MW rated Gas T
Slide 24: Allied Enablers
•Highest ever (92%) pvt sector orders inflow of Rs 25,917 Cr/ 11,819 MW in Power Sector up to Q3FY10 •Highest value order of Rs 2,005 Cr in Industry Sector Customer business from Hindalco for 6x150 MW BTG for Mahan (MP) Confidence •First ever order for generator transformers for 800 MW sets & also l
Slide 25: Capability & Capacity Enhancement
91,900 Cr. (2016-17) 45,000 Cr. (2011-12) Capability & Capacity Enhancement 18,739 Cr. (2006-07) Investment Globalization Spares & R&D HR Services Rs.4200 Export Spend to Manpower to Crores revenues to Revenues to increase by 6 grow from increase by 6 grow by 4 times to 42,000 to times to times to R
Slide 26: AA:PLD:56::06.02.10
AA:PLD:56::06.02.10
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