Triveni Engineering And Industries Limited · NSE:TRIVENI
Triveni Engineering And Industries — H1 FY2024 Earnings Presentation
95 slides from Triveni Engineering And Industries's earnings presentation, Oct 30, 2023
Slide 1: Exchange cover letter: Investors' brief for Q2 & H1 FY24
• +91120 4308100 PIVEDI +91120 4311010/11 ENGINEERING & INDUSTRIES LTD. www.trivenigroup.com REF· TEIL:SE: Date: 30 October, 2023 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G Dalal Street, Fort, Bandra Kurla Complex, Bandra (E) Mumbai -4
Slide 2: H1 FY 24 Consolidated Results press release
Registered office: A-44, Hosiery Complex, Phase-II Extension, Noida-201 305, Uttar Pradesh, India. Corporate office: Express Trade Towers, 8th floor, 15-16, Sector 16A, Noida 201301, Ph: 0120-4308000, Fax: 0120-4311011 CIN: L15421UP1932PLC022174 For immediate release H1 FY 24 Consolidated Results en
Slide 3: Performance Overview: Q2/H1 FY 24
PERFORMANCE OVERVIEW: Q2/H1 FY 24 (Consolidated Results) In ₹ crore Q2 FY 24 Q2 FY 23 Change % H1 FY 24 H1 FY 23 Change % Revenue from Operations (Gross) 1,617.38 1,471.62 9.9 3,049.64 2,833.10 7.6 Revenue from Operations (Net of 1,408.84 1,345.89 4.7 2,606.78 2,571.56 1.4 excise duty) EBITDA 75.28
Slide 4: Gross debt and management commentary
• The gross debt on a standalone basis as on September 30, 2023 is ₹ 295.66 crore as compared to ₹ 824.96 crore as on March 31, 2023. However, considering operational surplus funds held as fixed deposit (FD) of ₹ 285.50 crore, the net debt as on September 30, 2023 is at ₹ 10.16 crore. Standalone deb
Slide 5: Management commentary on capacity expansion and feedstock
660 KLPD presently. Looking ahead, we are ambitiously working to further expand our capacity to reach to 1110 KLPD. During Q2 FY 24, the Company faced several feedstock challenges that led to disruption in planned production, such as abrupt stoppage of Surplus Rice by Food Corporation of India (FCI)
Slide 6: Business-wise Performance Review: Sugar business
Q2/ H1 FY 24: BUSINESS-WISE PERFORMANCE REVIEW (all figures in ₹ crore, unless otherwise mentioned) Sugar business Triveni is one of the largest integrated sugar producers in the country, with seven state-of-the-art FSSC 22000 certified sugar manufacturing facilities located in the state of Uttar Pr
Slide 7: Sugar industry scenario
• In October 2022, the Directorate General of Foreign Trade (DGFT) placed exports of raw, white and refined sugar in the restricted category, requiring exporters to secure permission from the food ministry to sell overseas. The restriction was to stay in place until further orders or October 31, 202
Slide 8: Alcohol (Distillery) business
Alcohol (Distillery) business The Company has state-of-the-art distilleries spread across Muzaffarnagar (MZN) – 2 facilities, Sabitgarh (SBT) and Milak Narayanpur (MNP) in Uttar Pradesh aggregating to 660 KLPD. These facilities have the capability to produce Ethanol, Extra Neutral Alcohol (ENA), Rec
Slide 9: Alcohol feedstock mix
• During the quarter and half year under review, alcohol produced from sugarcane-based feedstocks formed 65% and 64% of the total sales volumes respectively, with sales of ethanol made from B-heavy molasses at 59% and 58% respectively. In the previous corresponding quarter and half year, alcohol pro
Slide 10: Ethanol feedstock rates and Power Transmission business
• Keeping in mind the developments and volatility in feedstock rates of ethanol were revised in August 2023, as shown below: (₹/ litre) Revised Rates Revised Rates Name of Feedstock used ESY 22-23 ESY 22-23 ESY 2022-23 for producing Ethanol Effective from Effective from August 7, 2023 August 22, 202
Slide 11: Water business
Government of India. With this, the Defence business will also be well placed to support nation’s future shipbuilding projects of similar nature with a completely indigenous solution. • The outstanding order book as on September 30, 2023 stood at ₹ 281.52 crore including long duration orders of ₹ 13
Slide 12: Water business notes and order book
• The above results are based on consolidated results including wholly owned SPV executing Mathura Project awarded by National Mission of Clean Ganga (NMCG) under Namami Gange Programme and Pali ZLD Pvt. Ltd. • Revenues declined due to delay in execution in certain projects. • The Maldives project w
Slide 13: About Triveni Engineering & Industries Limited
Attached: Details to the Announcement and Results Table About Triveni Engineering & Industries Limited Triveni Engineering & Industries Limited (TEIL) is a diversified industrial conglomerate having core competencies in the areas of sugar, alcohol, power transmission and water. The Company holds the
Slide 14: Company background, contacts and note
As a result of a Scheme of Arrangement, the Company's steam turbine division was demerged into one of its wholly owned subsidiaries, Triveni Turbine Limited (TTL), and was listed on the NSE and BSE in 2011. The Company owned 21.85% of TTL's equity, until September 21, 2022 when the entire stake was
Slide 15: Standalone Unaudited Financial Results
TRIVENI ENGINEERING & INDUSTRIES LIMITED Regd. Office : A-44, Hosiery Complex, Phase-II Extension, Noida, Uttar Pradesh - 201 305 Corp. Office: 8th Floor, Express Trade Towers, 15-16, Sector-16A, Noida, Uttar Pradesh - 201 301 CJN : L15421UP1932PLC022174 Statement of Standalone Unaudited Financial R
Slide 16: Standalone Segment wise Revenue and Results
TRIVENI ENGINEERING & INDUSTRIES LIMITED Standalone Unaudited Segment wise Revenue, Results, Assets and Liabilities for the Quarter and Half year ended September 30, 2023 ( in lakhs) ·,, 3 Month s en d ed 6 Mon th s en d ed Year en d ed Particulars l 30/Sep/2023 30/Ju n/2023 30/Sep/2022 30/Sep/2023
Slide 17: Standalone Statement of Assets and Liabilities
TRIVENI ENGINEERING & INDUSTRIES LIMITED Standalone Statement of Assets and Liabilities ( in lakhs) Non-current assets (a) Property, plant and equipment 143350 145441 (b) Capital work-in-progress 11712 2831 (c) Investment property 442 442 ( d) Other intangible assets 209 250 (e) Financial assets (i)
Slide 18: Standalone Statement of Cash Flows
TRIVENI ENGINEERING & INDUSTRIES LIMITED Standalone Statem ent of Cash Flows ( in lakhs) Cash flows from operating activities Profit before tax 12763 169244 213913 Adjustments for : Depreciation and amortisation expense 5102 4520 9348 Bad debts written off/impairment loss allowance (net of reversals
Slide 19: Notes to Standalone Financial Results
TRIVENI ENGINEERING & INDUSTRIES LIMITED Notes to the Standalone Unaudited Financial Results for the Quarter and Half Year ended September 30, 2023 1. The above financial results have been prepared in accordance with the principles and procedures of the Indian Accounting Standards ('Ind AS') notifie
Slide 20: Consolidated Unaudited Financial Results
TRIVENI ENGINEERING & INDUSTRIE S LIMITED Regd. Office : A-44, Hosiery Complex, Phase-II Extension, Noida, Uttar Pradesh - 201 305 Corp. Office : 8th Floor, Express Trade Towers, 15-16, Sector-16A, Noida, Uttar Pradesh - 201 301 CIN : L15421UP1932PLC022174 Statement of Consolidated Unaudited Financi
Slide 21: Consolidated Segment wise Revenue and Results
TRIVENI ENGINEERING & INDUSTRIES LIMITED Consolidated Unaudited Segment wise Revenue, Results, Assets and Liabilities for the Quarter and Half year ended Sep 30, 2023 1 Segm en t Reven u e (a) Sugar & Allied Businesses Sugar 101100 89233 100770 190333 205939 436195 Distillery 55261 52978 41289 10823
Slide 22: Consolidated Statement of Assets and Liabilities
TRIVENI ENGINEERING & INDUSTRIES LIMITED Consolidated Statement of Assets and Liabilities ( in lakhs) Non-current assets (a) Property, plant and equipm ent 143350 145441 (b) Capital work-in-progress 11712 2831 (c) Investment property 1214 1210 (d) Goodwill 68 68 (e) Other intangible assets 209 250 (
Slide 23: Consolidated Statement of Cash Flows
TRIVENI ENGINEERING & INDUSTRIES LIMITED Consolidated Statement of Cash Flows ( in lakhs) Cash fl ows from operati ng activiti es Profi t before tax 13016 151436 196364 Adjus tments for: Share of net loss/ (profit) of associate accounted for us ing the equity method 20 (1633) (1633) Depreciation and
Slide 24: Notes to Consolidated Financial Results
TRIVENI ENGINEERING & INDUSTRIES LIMITED Notes to the Consolidated Unaudited Financial Results for the Quarter and Half Year ended September 30, 2023 1. The above financial results have been prepared in accordance with the principles and procedures of the Indian Accounting Standards ('Ind AS') notif
Slide 25: Investor Presentation Q2 / H1 FY 24
Investor Presentation Q2 / H1 FY 24 November 2023 1
Slide 26: Agenda
AGENDA COMPANY OUR 5-YEAR FINANCIAL BUSINESS-WISE SHAREHOLDING OVERVIEW JOURNEY RESULTS UPDATE PATTERN Q2 / H1 FY 24 2
Slide 27: Company Overview
COMPANY OUR 5-YEAR FINANCIAL BUSINESS-WISE SHAREHOLDING OVERVIEW JOURNEY RESULTS UPDATE PATTERN Q2 / H1 FY 24 3
Slide 28: Company Overview
COMPANY OVERVIEW Integrated and diversified conglomerate in areas of sugar, ethanol and engineering Located strategically in sugarcane-rich western and central belt of Uttar Pradesh Among the Top 3 sugar manufacturers in India & a leading supplier for ethanol Dominant market player in the engineered
Slide 29: Business Overview
BUSINESS OVERVIEW SUGAR ALCOHOL POWER TRANSMISSION WATER SOLUTIONS • 7 FSSC 22000 certified sugar • State-of-the-art alcohol • 3 business segments – Gears, • Leading solutions provider for plants in U.P., India producing facilities with Defence, Built to Print efficient water management for • 335K+
Slide 30: Our Pan-India Footprint
OUR PAN-INDIA FOOTPRINT 210K+ Hectare Area under Sugarcane 335K+ Farmer Network ~61,000 Tonnes per day crushing capacity TEIL FACILITIES TRIV ENI WATER PROJECTS Note: Map for representation purpose and not to scale OUR SERVICE LOCATIONS COMPANY OVERVIEW OUR 5-YEAR JOURNEY FINANCIAL RESULTS Q2 / H1 F
Slide 31: Founding Principles
FOUNDING PRINCIPLES STRONG ETHICS SUSTAINABILITY PRODUCT QUALITY TECHNOLOGY RELATIONSHIPS • Professional and • Leadership in all our • Best in class • Consistent R&D of • Sustainable solutions transparent business business lines with manufacturing technology to surpass that create a high practices s
Slide 32: ESG Principles
ESG PRINCIPLES Highest level of ethical and corporate governance Maintaining ecological balance while ensuring standards, with stringent compliances business excellence 02 01 Harnessing co-products to become raw Best-in-class sustainable processes and materials for other products, thus solutions acr
Slide 33: Our ESG Driven Approach to Business
OUR ESG DRIVEN APPROACH TO BUSINESS ENVIRONMENTAL SOCIAL GOVERNANCE • Environment conservation is • Along with sustained economic • We have in place a robust a key element of our ESG performance, we believe in corporate governance focus. the importance of social framework. stewardship. • We strive t
Slide 34: Our 5-Year Journey
COMPANY OUR 5-YEAR FINANCIAL BUSINESS-WISE SHAREHOLDING OVERVIEW JOURNEY RESULTS UPDATE PATTERN Q2 / H1 FY 24
Slide 35: 5-Year Highlights
5-YEAR HIGHLIGHTS Well Diversified and • FY 19-23 Gross Revenue CAGR 19.0% Growing Revenues • Rising revenue contribution from non-sugar business from 21% to 34% during FY 2019-23 Progressively • FY 19-23 PBIT CAGR 17.5% improving profitability • Sugar contribution progressively reducing; from 66% i
Slide 36: Well Diversified and Growing Revenue Base
WELL DIVERSIFIED AND GROWING REVENUE BASE FY 19-23 Revenue CAGR 19.0% Rising non-sugar contribution from 21% to 34% during FY 2019-23 Revenue from Operations (Gross)* Segment-wise Contribution to Revenue from Operations# ₹ Crore 2% 2% 2% 3% 3% 8% 7% 6% 6% 6,310 11% 6% 7% 9% 16% 4% 3% 3% 4% 21% 4% 4,
Slide 37: Progressively Increasing Profitability
PROGRESSIVELY INCREASING PROFITABILITY WITH HEALTHY CONTRIBUTION FROM NON-SUGAR BUSINESSES FY 19-23 PBIT CAGR 17.5% Sugar contribution progressively reducing; 49% in FY 2023 Profit Before Interest and Tax (PBIT) Segment-wise PBIT Contribution 2% 4% 5% 5% 4% ₹ Crore 11% 9% 8% 10% 13% 21% 19% 576 603
Slide 38: Strong Balance Sheet Position
STRONG BALANCE SHEET POSITION Total Consolidated Debt (₹ Crore) Total Consolidated Debt To Equity (x times) 1.51 1,725.9 1,558.2 1,568.0 1.16 994.0 913.8 0.82 0.64 0.32 FY 19 FY 20 FY 21 FY 22 FY 23 FY 19 FY 20 FY 21 FY 22 FY 23 Average Cost of Debt (Standalone) Long-term credit rating ICRA AA ICRA
Slide 39: Creating Shareholder Value
CREATING SHAREHOLDER VALUE Cash Generation during FY 19-23 ₹ 3581 crore Capital Dividends & Buybacks Funds Retained for Expenditure* (incl. taxes) Working Capital ₹ 929 crore ₹ 1,415 crore ₹ 1,237 crore (26% of cash (40% of cash (34% of cash generation) generation) generation) Healthy mix of investm
Slide 40: Enhancing Shareholder Returns through Buybacks & Dividends
ENHANCING SHAREHOLDER RETURNS THROUGH COMBINATION OF BUYBACKS & DIVIDENDS ₹ Crore Buyback of Shares Dividend Dividend Payout Ratio (%) 800 100 78.6 71.1 21% 65 15% 17% 42.3 10% 10% 27.3 18.1 FY 20 FY 21 FY 23 FY 19 FY 20 FY 21 FY 22 FY 23 FY 19 FY 20 FY 21 FY 22 FY 23 Past history of returning cash
Slide 41: Financial Results Q2 / H1 FY 24
= COMPANY OUR 5-YEAR FINANCIAL BUSINESS-WISE SHAREHOLDING OVERVIEW JOURNEY RESULTS UPDATE PATTERN Q2 / H1 FY 24 17
Slide 42: Q2/H1 FY 24: Healthy All-Round Performance
Q2/ H1 FY 24: HEALTHY ALL-ROUND PERFORMANCE Higher Blended • Blended sugar realisations have increased by 5.8% in H1 FY 24 over corresponding previous period due to high domestic and export realisations Sugar Realisations • Alcohol sales of 9.4 crore litres, an increase of 11.1% over corresponding p
Slide 43: Financial Highlights Q2 / H1 FY 24
FINANCIAL HIGHLIGHTS Q2 / H1 FY 24 ₹ Crore Q2 FY 24 Q2 FY 23 Change % H1 FY 24 H1 FY 23 Change % Revenue from Operations (Gross) 1,617.38 1,471.62 9.9 3,049.64 2,833.10 7.6 Revenue from Operations (Net of excise duty) 1,408.84 1,345.89 4.7 2,606.78 2,571.56 1.4 EBITDA 75.28 57.09 31.9 212.40 180.84
Slide 44: Sugar: Improved Blended Realisations
SUGAR: IMPROVED BLENDED REALISATIONS Sugar Dispatches (Tonnes) Average Blended Realization (₹/MT) -10.6% (Total) +6.0% +5.8% -5.9% (Total) 499435 446550 37568 14531 37426 259895 244503 499435 432019 35447 35373 259895 244503 0 Q2 FY 23 Q2 FY 24 H1 FY 23 H1 FY 24 Q2 FY 23 Q2 FY 24 H1 FY 23 H1 FY 24 D
Slide 45: Sugar: Improved Profitability
SUGAR: IMPROVED PROFITABILITY ₹ Crore REVENUE PBIT -7.6% -3.0% +0.3% +11.5% 28.25 27.40 2,059.39 1,903.33 -25.04 -22.15 1,007.70 1,011.00 Q2 FY 23 Q2 FY 24 H1 FY 23 H1 FY 24 Q2 FY 23 Q2 FY 24 H1 FY 23 H1 FY 24 • Lower turnover in the Sugar business of 7.6% in H1 FY 24 due to lower domestic dispatche
Slide 46: Sugar: Healthy Domestic Realisations Supported by Premium Product Mix
SUGAR: HEALTHY DOMESTIC SUGAR REALISATIONS SUPPORTED BY PREMIUM PRODUCT MIX Triveni Sugar Realisation (Domestic) (₹/Quintal) 3,900 3,851 3,737 3,732 3,761 3,800 3,717 3,713 3,685 3,696 3,639 3,700 3,653 3,593 3,620 3,615 3,539 3,511 3,517 3,570 3,568 3,600 3,523 3,526 3,505 3,527 3,521 3,513 3,488 3
Slide 47: Alcohol: Robust Sales Volumes
ALCOHOL: ROBUST SALES VOLUMES Alcohol Production (KL) Alcohol Sales (KL) +11.1% +6.6% +12.8% -5.9% 84611 94002 85345 90968 51545 43068 40520 45709 Q2 FY 23 Q2 FY 24 H1 FY 23 H1 FY 24 Q2 FY 23 Q2 FY 24 H1 FY 23 H1 FY 24 Avg. Realisation (₹/litre) • Higher alcohol sales due to full year impact and +0.
Slide 48: Alcohol: Improved Turnover
ALCOHOL: IMPROVED TURNOVER ₹ Crore NET REVENUE* PBIT +4.6% +20.5% 639.53 +7.0% +19.8% 530.58 97.02 101.48 344.07 47.18 50.46 287.16 Q2 FY 23 Q2 FY 24 H1 FY 23 H1 FY 24 Q2 FY 23 Q2 FY 24 H1 FY 23 H1 FY 24 * Revenue net of excise duty • Net turnover was boosted by higher alcohol sales, higher Distille
Slide 49: Power Transmission: Charting New Highs
POWER TRANSMISSION: CHARTING NEW HIGHS ₹ Crore REVENUE PBIT +44.8% +58.2% +28.4% +36.8% 132.55 47.26 78.46 91.55 28.86 29.87 61.12 21.10 Q2 FY 23 Q2 FY 24 H1 FY 23 H1 FY 24 Q2 FY 23 Q2 FY 24 H1 FY 23 H1 FY 24 • Increase in H1 FY 24 turnover and profitability (PBIT) by 44.8% and 58.2% respectively dr
Slide 50: Power Transmission H1 FY 24 Order Booking Up 36.1%
POWER TRANSMISSION H1 FY 24 ORDER BOOKING UP 36.1% Y-O-Y ₹ Crore Order Booking Closing Order Book +36.1% +14.8% +49.4% 154.85 281.52 245.16 113.78 89.48 59.90 Q2 FY 23 Q2 FY 24 H1 FY 23 H1 FY 24 Q2 / H1 FY 23 Q2 / H1 FY 24 • Growth in order booking during the quarter is driven by growth witnessed ac
Slide 51: Water: Closing Order Book Remains Robust
WATER: CLOSING ORDER BOOK REMAINS ROBUST ₹ Crore REVENUE PBIT Closing Order Book* +37.2% -5.0% +48.3% -9.0% 133.51 126.85 9.63 1,579.39 1,291.05 68.25 6.63 7.02 62.13 4.47 Q2 FY 23 Q2 FY 24 H1 FY 23 H1 FY 24 Q2 / H1 FY 23 Q2 / H1 FY 24 Q2 FY 23 Q2 FY 24 H1 FY 23 H1 FY 24 • Revenues declined due to d
Slide 52: Business-wise Update
COMPANY OUR 5-YEAR FINANCIAL BUSINESS-WISE SHAREHOLDING OVERVIEW JOURNEY RESULTS UPDATE PATTERN Q2 / H1 FY 24 28
Slide 53: Sugar
[rivesi NGIELNONC & MUS HOS LL SUGAR
Slide 54: Global Sugar Outlook
GLOBAL SUGAR OUTLOOK • Global Sugar Balance Sheet pointing to deficit : International Sugar Organisation (ISO) forecasts a global sugar deficit of 2.12 million tonnes in SS 2023-24. • Robust sugarcane crop and sugar production expected in Brazil: For the 2023-24 season, International reports estimat
Slide 55: Domestic Sugar Outlook
DOMESTIC SUGAR OUTLOOK • Healthy acreage and rainfall in Uttar Pradesh: In SS 2023-24, area under sugarcane in Uttar Pradesh is up 3% Y-o-Y and with satisfactory rainfall along with good condition of the crop, yields are expected to improve for the season. • Lower Production expected in Maharashtra
Slide 56: Our Sugar Business Profile
OUR SUGAR BUSINESS PROFILE Strategic Manufacturing Presence We manufacture Deoband Rani Nangal (District Moradabad) Refined sugar for high-grade end users (District Saharanpur) Milak Narayanpur(District Rampur) Various grades of pharmaceutical sugar, which Khatauli (District Muzaffarnagar) Chandanpu
Slide 57: The Triveni USP
THE TRIVENI USP • Strategic Location: Presence in Western and Central UP which has one of the best cane area with high yields and water availability. Strong farmer relations, timely sugarcane payment resulting in high drawl rates and good cane productivity • Strong recovery: The Company has one of t
Slide 58: Stellar Sugar Business Performance Year After Year
STELLAR SUGAR BUSINESS PERFORMANCE YEAR AFTER YEAR Area under Sugarcane (Lakh Hectares) Sugarcane Crushed (LQ) 932 2.06 874 854 841 837 1.98 798 1.96 1.94 1.92 1.83 640 1.67 1.67 513 1.57 452 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2014-15 2015-16 2016-17 2017-18 2018
Slide 59: Sugarcane Development Programme
SUGARCANE DEVELOPMENT PROGRAMME • Significant focus on Yield improvement through various agronomic interventions (e.g. wide spacing, trench planting, etc.) • Emphasis on before wheat planting has led to an overall increase in its area, providing higher time in the field to the spring planted sugarca
Slide 60: Our Sugar Business Initiatives
OUR SUGAR BUSINESS INITIATIVES Completed the modernisation and debottlenecking Increased our refined sugar of three of our largest sugar units – Khatauli, production capability from ~40% to 01 02 Deoband and Sabitgarh, to drive enhanced crushing ~60% of total sugar production efficiency. This led to
Slide 61: Triveni Brands: Getting Future Ready
TRIVENI BRANDS: GETTING FUTURE READY • Triveni sees a bright future for branded sugar in India, set to grow at double digit CAGRs over the next 5 years • Tremendous scope to bring to market higher grade and quality offerings with premiumization trends • Focus on high quality products under trustwort
Slide 62: Alcohol
ALCOHOL [rivesi ENCINEERINC & IRUUSINIES LER
Slide 63: Alcohol Segment Driven by Ethanol Demand
ALCOHOL SEGMENT DRIVEN BY ETHANOL DEMAND • Government actively promoting the production Ethanol Demand Drivers and blending of fuel ethanol with petrol, and has targeted 20% blending under Ethanol Blended Petrol (EBP) Programme by 2025 or EBP20 need for renewable • To achieve the target of 20% blend
Slide 64: Sugarcane - The Mainstay of the Ethanol Blending Programme
SUGARCANE - THE MAINSTAY OF THE ETHANOL BLENDING PROGRAMME • Ethanol from sugarcane route continues to dominate and India Ethanol Scenario contributes higher percentage in 86% 86% 81% 83% terms of supplied quantities as 76% compared to contracted quantities. 70% • We believe sugarcane will remain th
Slide 65: Continued Ethanol Pricing Improvements
CONTINUED ETHANOL PRICING IMPROVEMENTS • Government has been incentivizing the industry through supportive ethanol prices under the EBP Programme • Prices were revised for Ethanol Supply Year (ESY) 2022-23, including two revisions in August 2023 for Damaged Food Grains and Maize, following the suspe
Slide 66: Our Alcohol Business Strengths
OUR ALCOHOL BUSINESS STRENGTHS • Flexibility of both feedstock (grain/sugarcane based) and product mix (ethanol/ENA/Rectified Spirit, etc.) to optimize production and profitability based on economics • High operational efficiencies with continuous focus on the same to further improve recoveries and
Slide 67: Timely and Efficient Investments to Increase Distillation Capacities
TIMELY AND EFFICIENT INVESTMENTS TO INCREASE DISTILLATION CAPACITIES • Triveni has been at the In KLPD forefront of setting up distillation capacities in a ₹ 460 CRORE timely and efficient 1110 manner ₹ 100 CRORE • Short timeframe in setting ₹ 250 CRORE 650 up large scale distilleries 660 utilizing
Slide 68: Our Alcohol Business Initiatives
OUR ALCOHOL BUSINESS INITIATIVES How we maximised Alcohol potential in FY 23 Scaled up our distillation Enhanced potential for MNP distillery unit On time commissioning of the MZN grain distillery, capacities to 660 KLPD to using grain as feedstock was commissioned helping to leverage the product fl
Slide 69: Value Added Proposition: DDGS
OUR VALUE ADDED PROPOSITION: DISTILLERS DRIED GRAIN SOLUBLES (DDGS) Facilities at Milak Narayanpur & Muzaffarnagar to help us enhance our value proposition through their partial/full operations on grains • The by-product of grain-based operations, DDGS, is a protein rich product derived from grains
Slide 70: Value Added Proposition: Fly Ash
OUR VALUE ADDED PROPOSITION: FLY ASH • The process of conversion of molasses to ethanol generates spent wash (an effluent) which upon concentration is called Slop, further used as fuel in the Incineration boilers which leads to fly ash generation which is rich in potash • We supply this fly ash rich
Slide 71: Value Added Proposition: CO2
OUR VALUE ADDED PROPOSITION: CO 2 • In the fermentation process of alcohol manufacturing, carbon dioxide is generated as a by-product. This carbon dioxide can be captured, purified, liquified and put into cylinders or converted into dry ice. • The Company has a carbon dioxide capturing unit at its S
Slide 72: Power Transmission
POWER TRANSMISSION
Slide 73: Diverse Product & Solutions Portfolio
DIVERSE PRODUCT & SOLUTIONS PORTFOLIO • High power & high speed gears designed for steam turbines, gas turbines, compressors, pumps, blowers, and other special purpose industry applications Integrally Geared Centrifugal Compressors & Pumps • Niche low speed gearboxes for mini hydel turbines, Blowers
Slide 74: Serving a Multitude of Industries
SERVING A MULTITUDE OF INDUSTRIES Industries We Serve Power Oil & Refinery & Chemical & Sugar Cement Rubber & Steel Marine Generation Gas Petrochemical Fertiliser Plastics (IPPs) Note: Sample list COMPANY OVERVIEW OUR 5-YEAR JOURNEY FINANCIAL RESULTS Q2 / H1 FY 24 BUSINESS-WISE UPDATE SHAREHOLDING P
Slide 75: Enabling OEMs Consistently
ENABLING OEMS CONSISTENTLY >50,000 MW globally installed gears capacity Steam Turbines Gas Turbines Centrifugal Compressors Reciprocating Compressors Centrifugal Pumps Fans and Blowers Hydel Turbines COMPANY OVERVIEW OUR 5-YEAR JOURNEY FINANCIAL RESULTS Q2 / H1 FY 24 BUSINESS-WISE UPDATE SHAREHOLDIN
Slide 76: Multi-Pronged Strategy in Power Transmission Business
MULTI-PRONGED STRATEGY IN POWER TRANSMISSION BUSINESS Pillars of our strategic approach: • World-class technology • Automation & Digitalisation • Associations & tie-ups • Cost management & efficiencies COMPANY OVERVIEW OUR 5-YEAR JOURNEY FINANCIAL RESULTS Q2 / H1 FY 24 BUSINESS-WISE UPDATE SHAREHOLD
Slide 77: Foray into Defence
FORAY INTO DEFENCE Our Defence Portfolio: • Propulsion Gearboxes and other critical gearboxes • Critical Turbo and Motor-driven Pumps • Gas Turbine Generators for auxiliary power • Steam Turbines to complex Turbo-Auxiliaries • Propulsion System Integration • Propulsion Shafting • Solutions for Steer
Slide 78: Power Transmission Business Highlights
POWER TRANSMISSION BUSINESS HIGHLIGHTS • Among the largest engineered to order turbo gear manufacturer • Largest domestic market share across OEMs & Patronised by global OEMs across application spectrum like STG/GTG/ Compressor / Pumps / Blower / ID-FD Fans • One of the few companies globally cateri
Slide 79: Power Transmission Business Initiatives
POWER TRANSMISSION BUSINESS INITIATIVES Gearing for future growth New bay proposed to be set Ongoing expansion of up along with a large power transmission grinder, hobber and other business at cost of ₹ 180 supporting machines & crore for setting up a equipment for power new multi-modal facility, tr
Slide 80: Power Transmission Business Outlook
POWER TRANSMISSION BUSINESS OUTLOOK Outlook for the domestic product segment within high speed gears is extremely promising as industrial CapEx in sectors like sugar, distillery, oil & gas, cement, steel is growing and have been supported by policies and robust economic growth Focus on market share
Slide 81: Water Solutions
ENCINEERINC & IRUUSINIES LER WATER SOLUTIONS
Slide 82: Water & Wastewater Opportunities and the Way Forward
WATER & WASTEWATER OPPORTUNITIES AND THE WAY FORWARD • Global water crisis: Increased demand for water resources, more than 2 billion people globally live in water stressed countries. Situation is getting worse with climate change • Water is undervalued, and proper incentives are not in place to use
Slide 83: Leading Solutions Provider for Efficient Water Management
LEADING SOLUTIONS PROVIDER FOR EFFICIENT WATER MANAGEMENT FOR INDUSTRIAL, MUNICIPAL, URBAN APPLICATIONS We are committed to contributing sustainable solutions that lead to environmental protection with an enhanced quality of life. Advanced Solutions Key Highlights • Wide range of innovative water/wa
Slide 84: Serving a Wide Variety of Industries
SERVING A WIDE VARIETY OF INDUSTRIES Municipal WTP/STP CETP/ZLD for Refineries Steel Plants Industrial clusters Non-ferrous Oil & Gas Thermal Power Hydro Power Plant Industries Plants Sugar & Allied Coal Sand Processing Desalination Industries Plant Note: Sample list COMPANY OVERVIEW OUR 5-YEAR JOUR
Slide 85: Water Business Growth Drivers
WATER BUSINESS GROWTH DRIVERS Government investments in More PPP/HAM opportunities arising from EPC and HAM projects Water Boards and ULBs Increasing domestic Focus of NMCG (National opportunities in recycle, Mission for Clean Ganga) on reuse, zero liquid discharge Ganga tributaries to trigger busin
Slide 86: Select Ongoing Water & Wastewater Projects
SELECT ON GOING WATER & WASTEWATER PROJECTS • Awarded the Pali HAM/PPP project • Awarded an EPC Project in Bangladesh under a joint-venture with a local company • Awarded the Bhiwadi 6 MLD Zero Liquid Discharge project • 205 MLD STP (3 Phases) at Kondli based upon new NGT norms for Delhi Jal Board f
Slide 87: Water & Wastewater Developments and the Way Forward
WATER & WASTEWATER DEVELOPMENTS AND THE WAY FORWARD • After achieving success in Maldives and Bangladesh, Water business is trying to expand activities in overseas markets • Domestic market opportunities are increasing in Recycle & Reuse of wastewater and water business is equipped to target this ma
Slide 88: Shareholding Pattern
COMPANY OUR 5-YEAR FINANCIAL BUSINESS-WISE SHAREHOLDING OVERVIEW JOURNEY RESULTS UPDATE PATTERN Q2 / H1 FY 24
Slide 89: Shareholding Pattern
SHAREHOLDING PATTERN 4.32% 8.47% 60.98% 20.73% 2.56% 1.93% 1.01% Promoter Group Foreign Portfolio Investors Mutual Funds + AIF Resident Individuals Corporate Bodies NRI Others Note: For the quarter ending Sep 30, 2023. Others comprise of Clearing members, HUF, Trust, IEPF, Key Managerial Personnel,
Slide 90: Investors Contact
INVESTORS CONTACT Surabhi Chandna Gavin Desa/ Rishab Brar Triveni Engineering & Industries Ltd. Citigate Dewe Rogerson Tel. +91 120 430 8000 Fax : +91 120 431 1010 Tel: +91 22 66451237/1235 ir@trivenigroup.com gavin@cdr-india.com / rishab@cdr-india.com www.trivenigroup.com 66
Slide 91: Safe Harbour/Legal Disclaimer
SAFE HARBOUR/LEGAL DISCLAIMER Some of the statements in this presentation that are not historical facts are forward looking statements. These forward-looking statements include our financial and growth projections as well as statements concerning our plans, strategies, intentions and beliefs concern
Slide 92: Commonly Used Terms
COMMONLY USED TERMS Term Definition AGMA American Gear Manufacturers Association (AGMA) Colourless liquid produced by natural fermentation of sugary feedstocks and used as an intoxicating constituent of Alcohol potable spirits, industrial solvent and as fuel API American Petroleum Institute ASP Acti
Slide 93: Commonly Used Terms
COMMONLY USED TERMS Term Definition Ethanol that has additives to make it poisonous, bad tasting, foul smelling or nauseating to discourage its Denatured spirit recreational consumption. Distillation Process of separating alcohol from water via evaporation and condensation Ethanol Blended Petrol. Th
Slide 94: Commonly Used Terms
COMMONLY USED TERMS Term Definition Distillery producing Ethanol / Alcohol using various feedstocks such as sugarcane juice/syrup, grains, B-Heavy Multi-feed distillery molasses, C-Heavy molasses NGT National Green Tribunal O&M Operations & Maintenance OMC Oil Marketing Companies Potable alcohol Hig
Slide 95: Thank You
JF Vem TENGIVEERINC & MUUSINIES LID
Triveni Engineering & Industries — H1 FY2024 Earnings Presentation on 6ix