Genus Power Infrastructures Limited · NSE:GENUSPOWER
Genus Power Infrastructures — Investor Presentation (October 2018)
36 slides from Genus Power Infrastructures's investor presentation, October 2018
Slide 1: Genus Power Infrastructures Limited Corporate Presentation October 2018
Genus Power Infrastructures Limited Corporate Presentation October 2018 1
Slide 2: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), by Genus Power Infrastructures Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and s
Slide 3: Sustained Momentum in the Business
Sustained Momentum in the Business Order Book (Rs. Crores) Business Updates: 1,401 • Recently, won an order from state owned utility for implementation of Advanced Metering Infrastructure (AMI) 1,096 including supply of 4.31 lakh smart meters. The value of order is pegged at ~Rs. 312 Crores 773 • Se
Slide 4: Q2 FY19: Performance Highlights
Q2 FY19: Performance Highlights Revenue (Rs. Crores) EBITDA* (Rs. Crores) +34% +72% 223.4 26.0 166.2 15.1 Q2FY18 Q2FY19 Q2FY18 Q2FY19 PBT^ (Rs. Crores) PAT (Rs. Crores) +77% +39% 12.4 12.4 8.9 7.0 Q2FY18 Q2FY19 Q2FY18 Q2FY19 4 Standalone Results As per IND-AS ^Excludes Other Income * Excludes Unreal
Slide 5: H1 FY19: Performance Highlights
H1 FY19: Performance Highlights Revenue (Rs. Crores) EBITDA* (Rs. Crores) +32% +55% 461.9 57.2 349.1 36.8 H1FY18 H1FY19 H1FY18 H1FY19 PBT^ (Rs. Crores) PAT (Rs. Crores) +51% +16% 28.9 26.8 23.2 19.2 H1FY18 H1FY19 H1FY18 H1FY19 5 Standalone Results As per IND-AS ^Excludes Other Income * Excludes Unre
Slide 6: Disciplined Capital Management
Disciplined Capital Management Gross Block^ (Rs. Crores) Net Debt (Rs. Crores) 281 307 263 237 251 209 192 171 126 25 17 FY14 FY15 FY16 FY17 FY18 H1FY19 -1 FY14 FY15 FY16 FY17* FY18* H1FY19* Dividend (% of Face Value) 45% 41% 25% 20% 10% FY14 FY15 FY16 FY17 FY18 Standalone Results ^Includes CWIP *As
Slide 7: Standalone Profit & Loss Statement
3 Standalone Profit & Loss Statement Particulars (Rs. Crores) Q2 FY19 Q2 FY18 Y-o-Y H1 FY19 H1 FY18 Y-o-Y FY18 Total Revenue 223.4 166.2 34.4% 461.9 349.1 32.3% 835.1 Cost of Material Consumed 154.5 113.2 319.6 230.3 575.0 Employee Expenses 23.3 20.5 45.8 39.9 85.8 Other Expenses 19.6 17.5 39.3 42.0
Slide 8: Standalone Balance Sheet
3 Standalone Balance Sheet ASSETS Sep-18 Mar-18 EQUITY AND LIABILITIES Sep-18 Mar-18 Non-current assets Equity Property, plant and equipment 176.1 165.5 Equity Share capital 25.7 25.7 Capital work-in-progress 1.0 1.9 Share Application Money Pending Allotment 0.0 0.1 Other intangible assets 1.0 1.2 O
Slide 9: Business Overview
Genus energizing lives Business Overview
Slide 10: Power Sector Leadership
Power Sector Leadership Largest player in India’s electricity meter industry Incorporated in 1992, Part of $400 mn Kailash Group ~27% market share in Meter Industry Over 2 decades of experience in electricity metering solutions industry ~70% market share in Smart Meters Top-notch In-house R&D recogn
Slide 11: Journey So Far
Journey So Far ▪ Production of ▪ Deployed Smart Electronic Energy ▪ AMR / Pre-payment Metering Solution at Meters Meter/ DT Meter Shapur (Junagarh) launched PGVCL – India’s First ▪ Established Single ▪ Ventured into Smart Village Project & Three Phase Electronic Energy Power Distribution ▪ Implement
Slide 12: Experienced Management Team
Experienced Management Team Mr. Ishwar Chand Agarwal Executive Chairman Mr. Kailash Chandra Mr. Rajendra Kumar Agarwal Mr. Jitendra Kumar Agarwal Agarwal Joint Managing Director Vice-Chairman, Non-Executive, Managing Director and CEO Non-Independent Mr. R Viswanathan Dr. Giriraj Nyati Chief Manageme
Slide 13: Pillars of Competitive Edge
Pillars of Competitive Edge Infrastructure R&D Certifications Workforce CAD, YOUR TEXT Dies and MoldHERE designs, In-house PUT TEXTR&D HERE Centre, CMMI YOURlevel TEXT 3 Company HERE Armed with long-term, PUT TEXT HERE Molding, Automated SMT recognised by Ministry of Accredited with - ISI, KEMA, hig
Slide 14: Business Verticals
Business Verticals SMART METERING SOLUTIONS Offers a wide spectrum of Smart Metering Solutions, that includes High End Multifunction Single Phase and Three Phase Meters, CT Operated Meters, ABT & Grid Meters, Distribution Transformer (DT Meters), Pre-payment Meters, Group Metering, Smart Street Ligh
Slide 15: End to End Energy Management Solutions
End to End Energy Management Solutions Meters from Generation to Consumption 15
Slide 16: Diversified Product – Market Mix
Diversified Product – Market Mix RESIDENTIAL & COMMERCIAL INDUSTRIAL PREPAYMENT SOLUTION Meters with communication LT / HT CT Meter with Integrated Single Phase Prepayment Meter capability Communication Three Phase Prepayment Meter Single / Three Phase Smart Meters with Automatic Power Meters Factor
Slide 17: Diversified Product – Market Mix
Diversified Product – Market Mix DISTRIBUTION TRANSFORMER OPEN ACCESS / GRID CALIBRATION EQUIPMENT Thread Through Metering Grid & Sub-Station Meter (ABT Single Phase Portable Reference Solution for Distribution Complaint) Meter Transformer Three Phase Portable Reference Smart DT Meter with Meter Int
Slide 18: Engineering Construction & Contracts
Engineering Construction & Contracts ECC Division Leveraging on Strength Complements the Metering Business Provides total engineering and More than 20 years of experience in Increased implementation of Smart construction solution from “Concept to Indian Power distribution sector metering solution Co
Slide 19: Balanced Client Mix
Balanced Client Mix SEB’s registered under UDAY schemes are the major revenue contributors 19
Slide 20: Manufacturing Assets at Glance
Manufacturing Assets at Glance R&D Centre and Corporate Office, Sitapura, Jaipur Ramchandrapura, Jaipur Haridwar, Uttaranchal Haridwar, Uttaranchal Guwahati, Assam Total Installed capacity of over 10 million meters per annum 20
Slide 21: Quality Certifications
Quality Certifications ZigBee Certification DLMS certification Bureau Veritas National Accreditation Board for QSI Certification Testing and Calibration Laboratories KEMA Certification R&D Lab recognized by MSD, GOI Silver Certificate by Frost & Sullivan IEC Certifications C-Dot Certifications STQC
Slide 22: Business Outlook
Genus energizing lives Business Outlook
Slide 23: AT&C Losses in India are Three Times the Deficit
AT&C Losses in India are Three Times the Deficit ▪ AT&C Loss = (Energy input – Energy billed) * 100 / Energy input ▪ Theft is the one of the main causes of the high losses. Theft occurs in several ways, viz: by tapping power lines and tempering / by-passing meter etc ▪ Meters play a vital role in re
Slide 24: Government’s Thrust on Metered Power for All
Government’s Thrust on Metered Power for All Planned outlay of Rs. 326 Billion Strengthening of sub-transmission network to reduce AT&C losses DISCOMS had accumulated losses of Rs. 3.8 Trillion and Debt of Metering & implementation of IT application to reduce commercial losses Rs. 4.3 Trillion Smart
Slide 25: Metering Opportunity
Metering Opportunity METERING OPPORTUNITY India has 200 million legacy meters There are plans to install up to 130 million smart As per the, notification by power ministry, dated 8th meters by 2021 September 2016 : GOVERNMENT INVESTMENT Mandatory rollout of Smart Meters, for The government is planni
Slide 26: Smart Meter is the Future
Smart Meter is the Future Latching Switch Smart meters will have a kill switch which will close off the utility supply. What are Smart Meters ? The kill switch will be operated via Internet. This will give power to utility providers to start and stop the supply at the click of a button Smart meters
Slide 27: Smart Meter as Game Changer
Smart Meter as Game Changer Four ways to recharge Uttar Pradesh’s power Power Ministry links sector '24x7 Power' with ”He also added that the Centre and the state are committed to resolving consumer honesty Uttar Pradesh's power sector distress through smart metering and 8th May 2017 crackdown on po
Slide 28: Geared to Ride the Growth Wave
Geared to Ride the Growth Wave Market leaders in metering business National and International Extensive Management Recognition and certifications Experience Integrated manufacturing facility/ largest installation base Strong Pre - qualification Credentials In-house R&D Centre Long Lasting Relationsh
Slide 29: Financial Performance
Genus energizing lives Financial Performance
Slide 30: Key Business Confirmations Received in FY18
Key Business Confirmations Received in FY18 During the Financial Year 18, we saw an order inflow of Rs. 1,000 Crores ++ ▪ Smart Meters order from Uttar Gujarat Vij Company Ltd which serves a consumer base for more than 3 million in Northern Gujarat ▪ Smart Meters order from CESC Kota, worth ~Rs. 27.
Slide 31: Balanced Business Results
Balanced Business Results Revenue (Rs. Crores) EBITDA (Rs. Crores) 916 124 124 858 835 767 99 642 87 93 FY14 FY15 FY16 FY17* FY18* FY14 FY15 FY16 FY17* FY18* PAT (Rs. Crores) Cash PAT (Rs. Crores) 80 94 60 71 69 73 69 58 53 52 FY14 FY15 FY16 FY17* FY18* FY14 FY15 FY16 FY17* FY18* Standalone Results
Slide 32: Standalone Profit & Loss Statement
3 Standalone Profit & Loss Statement Particulars (Rs. Crores) FY18 FY17 Y-o-Y Total Revenue 835.1 642.4 30.0% Cost of Material Consumed 575.0 409.7 Employee Expenses 85.8 74.5 Other Expenses 81.3 71.6 EBITDA 93.0 86.6 7.4% EBITDA (%) 11.14% 13.48% Other Income 22.0 24.0 Depreciation 17.1 15.3 EBIT 9
Slide 33: Standalone Balance Sheet
3 Standalone Balance Sheet ASSETS Mar-18 Mar-17 EQUITY AND LIABILITIES Mar-18 Mar-17 Non-current assets Equity Property, plant and equipment 165.5 162.0 Equity Share capital 25.7 25.7 Capital work-in-progress 1.9 0.0 Share Application Money Pending Allotment 0.1 0.0 Other intangible assets 1.2 1.6 O
Slide 34: Consolidated Profit & Loss Statement
3 Consolidated Profit & Loss Statement Particulars (Rs. Crores) FY18 FY17 Y-o-Y Total Revenue 835.1 642.4 30.0% Cost of Material Consumed 575.0 409.7 Employee Expenses 85.8 74.5 Other Expenses 81.3 71.6 EBITDA 93.0 86.6 7.4% EBITDA (%) 11.14% 13.48% Other Income 55.0 30.3 Depreciation 17.1 15.3 EBIT
Slide 35: Consolidated Balance Sheet
3 Consolidated Balance Sheet ASSETS Mar-18 Mar-17 EQUITY AND LIABILITIES Mar-18 Mar-17 Non-current assets Equity Property, plant and equipment 165.5 162.0 Equity Share capital 23.0 23.0 Capital work-in-progress 1.9 0.0 Share Application Money Pending Allotment 0.1 0.0 Other intangible assets 1.2 1.6
Slide 36: Genus Power Infrastructures Limited Contact
Genus Power Infrastructures Limited CIN: L51909UP1992PLC051997 Mr. Ankit Jhanjhari ankit.jhanjhari@genus.in www.genuspower.com Strategic Growth Advisors Pvt. Limited CIN: U74140MH2010PTC204285 Mr. Rahul Agarwal / Mr. Shrikant Sangani Rahul.Agarwal@sgapl.net / shrikant.sangani@sgapl.net www.sgapl.net
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