Transformers And Rectifiers (india) Limited · NSE:TARIL
Transformers And Rectifiers (india) — Q3 FY2024 Earnings Presentation
33 slides from Transformers And Rectifiers (india)'s earnings presentation, Jan 22, 2024
Slide 1: Exchange filing cover letter
Date: 22nd January, 2024 Ref: TRIL/SECT/2023-24/NSE-BSE/COMPL/116 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra - Kurla Complex, Mumbai - 400 001 Bandra (E), Mumbai - 400 051 Security Code : 532928 Trading S
Slide 2: Investor Presentation
TRANSFORMERS & RECTIFIERS (INDIA) LTD An ISO 9001:2015, ISO 14001:2015 & ISO 45001:2018 certified Company ‘INVESTOR PRESENTATION’ 22 January 2024
Slide 3: Topics to Cover
TOPICS TO COVER • TRIL AT A GLANCE • FINANCIAL HIGHLIGHTS • DRIVERS THAT TRANSCENDED TRIL’S GROWTH STORY OVER THE YEARS • KEY STRENGTHS AND BUSINESS GROWTH STRATEGY • INDUSTRY OUTLOOK
Slide 4: TRIL at a Glance
‘TRIL AT A GLANCE’
Slide 5: Transformers & Rectifiers (India) Limited (TRIL) - At a glance
Transformers & Rectifiers (India) Limited (TRIL) - At a glance ❑ First-generation company started by Mr. Jitendra Mamtora, a bachelor’s in electrical engineering, running Robust 3-year CAGR successfully for over 4 decades under the leadership of Mr. Jitendra Mamtora, Chairman and Mr. Satyen Growth R
Slide 6: Financial Highlights (Standalone)
Financial Highlights (Standalone)
Slide 7: Quarterly Financial Highlights – Q3FY24 & 9MFY24
Quarterly Financial Highlights – Q3FY24 & 9MFY24 Q3FY24 Highlights (Rs. Cr) Revenue EBITDA & EBITDA Margin PAT & PAT Margin EPS 365 0.95 40 37 15.0% 16 9.9% 0.89 323 35 32 13.0% 14 13 8.9% 12 7.9% 254 30 11.0% 12 25 21 9.0% 10 6.9% 5.9% 20 9.7% 10.0% 7.0% 8 4.9% 3.7% 3.9% 8.2% 15 5.0% 6 10 3.0% 3 2.
Slide 8: Financial Highlights – Q3FY24 & 9MFY24
Financial Highlights – Q3FY24 & 9MFY24 Particulars (₹ Cr) Q3FY24 Q3FY23 YoY (%) Q2FY24 QoQ (%) 9MFY24 9MFY23 YoY (%) Revenue from Operations 365.30 322.76 13% 254.37 44% 773.03 944.93 -18% Other Income 2.50 4.50 1.89 6.39 8.99 Total Income 367.80 327.26 256.26 779.42 953.92 Expenditure Cost of mater
Slide 9: Key Operational Highlights of the Quarter
Key Operational Highlights of the Quarter ₹2,572 crore Unexecuted Order Book ₹701 crore New Order Inflow ₹72 crore New Export Orders Operational Inquiries under Negotiation Highlights – Domestic - ₹4,256 crore Export - $127 million Q3FY24 ‘Dynamic Short Circuit Test’ of 50MVA, 53MVA, 105MVA, 250MVA
Slide 10: Key Financial Highlights of the Quarter
Key Financial Highlights of the Quarter ₹365 crore 10% ₹13 crore ₹37 crore Revenue from EBITDA Profit after EBITDA Operation margin Tax 13% 15% 25 13% YoY YoY bps YoY
Slide 11: Annualized Financial Highlights – FY19 to FY23
Annualized Financial Highlights – FY19 to FY23 Particulars (₹ Cr) FY19 FY20 FY21 FY22 FY23 9MFY24 Robust CaGR Growth From FY20 to FY23 Revenue from 833 683 727 1,123 1,360 773 Operations ₹ PAT 309% EBIDTA 70 63 73 79 118 64 EBIDTA % 8.26% 9.01% 9.95% 6.88% 8.48% 8.16% ₹ EBITDA 23% Profit after tax 5
Slide 12: Drivers that transcended TRIL's growth story over the years
Drivers that transcended TRIL’s growth story over the years
Slide 13: Strong In-House Capabilities and Collaboration led to Growth over the years
Strong In-House Capabilities and Collaboration led to Growth over the years • Manufactured Green • Strategic alliance with Transformers and ZTR Ukraine for 765 kV reactors (up to 400 kV) Transformer using natural ester fluid • Technology License • Executed maiden order agreement with Fuji for 400 kV
Slide 14: Industry leader in manufacturing wide range of high voltage Transformers
Industry leader in manufacturing wide range of high voltage Transformers Power Rectifier Shunt Transformer Transformer Reactors Upto 1200 kV class Up to 160 kA DC Up to 765 kA Manufactures a Manufactures a Manufactures Shunt range from medium wide range of and Series Reactors to ultra-high voltage R
Slide 15: Earned Brand Value over the years for its Customized, Niche Transformers
Earned Brand Value over the years for its Customized, Niche Transformers Magnum Opus 333 MVA, 1200 kV auto 156 MVA transformer dispatched to Biggest Furnace duty National Test Station BINA installed at Novorross India through Power Grid. Highest AC Voltage in the Steel, Russia world 132 MVA, 33 kV E
Slide 16: Design excellence led to Business Model more skewed towards High Voltage Transformers
Design excellence led to Business Model more skewed towards High Voltage Transformers 25% 34% Upto 220 kV FY19 FY23 Upto 220 kV Above 220 kV Above 220 kV 66% 75% Above 220 kV: Over the years, TRIL excelled in manufacturing higher voltage transformers Upto 220 kV is a competitive segment with support
Slide 17: Leading to Robust Order Book supported by pent up Industry Demand
Leading to Robust Order Book supported by pent up Industry Demand Product-wise Order Book Customer Segment-wise Order Book Un-executed Order Book (₹. Cr) Un-executed Order Book (₹. Cr) 1,159 1,008 1,148 1,499 2,572 1,159 1,008 1,148 1,499 2,572 3% 9% 5% 1% 1% 4% 8% 6% 6% 3% 5% 5% 23% 17% 6% 2% 2% 6%
Slide 18: Widespread presence in Domestic market and gradually expanding its presence in International landscape
Widespread presence in Domestic market and gradually expanding its presence in International landscape Customer-wise Revenue Break-up Exports/Domestic Revenue Break-up Revenue from Operations (₹. Cr) * Revenue from Operations (₹. Cr) * 683 727 1,123 1,360 773 683 727 1,123 1,360 773 2% 2% 2% 7% 7% 5
Slide 19: Manufactures Transformers with application in varied Industries
Manufactures Transformers with application in varied Industries Distribution Petrochemical Pharmaceutical Power Transmission Metal Processing Cement Green Energy Railways Paper and Pulp Mining
Slide 20: Supported by Integrated Manufacturing Facility
Supported by Integrated Manufacturing Facility Moralya Changodar Odhav Area 33,856 sq. mt. 25,000 sq. mt. 1,180 sq.mt. Capacity 24,000 MVA p.a. 12,000 MVA p.a. 1,200 MVA p.a. Operational 2010 1997 1994 Since ❑ Large Power Transformers up to 500 ❑ Medium Power Transformers up to ❑ Upto 10 MVA 66 KV v
Slide 21: Backward Integration help achieve Operational Efficiency
Backward Integration help achieve Operational Efficiency Products In total they manufactured comprise in-house by between 10%-15% TRIL include: Radiators Transformer Tanks OIP Bushings upto 245 of the total RM upto 765 kV Fabrication upto 765 KV KV and CTs upto 765 KV requirement Benefits of being B
Slide 22: Supplying to Esteemed Customers in Domestic market; Presence in 25+ Countries Globally
Supplying to Esteemed Customers in Domestic market; Presence in 25+ Countries Globally Domestic Customers ❑ Asia : India, Bangladesh, Nepal, Bhutan, Srilanka, Phillippines, Saudi Arabia, UAE, Oman, Kazakhastan, Azerbaijan, Iran ❑ Europe : United Kingdon, Belgium, Italy ❑ Oceania : Australia, Fuji In
Slide 23: Technocrat Promoters supported by Qualified and Professional Senior Management
Technocrat Promoters supported by Qualified and Professional Senior Management Mr. Jitendra Mamtora Mr. Satyen Mamtora Chairman Managing Director ❑ A Bachelor’s in Electrical Engineering. After working as an ❑ Diploma in Electrical Engineering from Uxbridge College of engineer in east India, he move
Slide 24: Technocrat Promoters supported by Qualified and Professional Senior Management
Technocrat Promoters supported by Qualified and Professional Senior Management Chanchal Rajora Ashwani Sharma Niki Ghumra Anirudh Jhala CFO & Advisor to the Board VP Marketing Head Fabrication & Production GM Tech & Quality Assurance ❑ A Chartered Accountant (CA) with ❑ B.E in Electrical Engineering
Slide 25: Key Strengths and Business Growth Strategy
Key Strengths and Business Growth Strategy
Slide 26: Key Strengths
Key Strengths Integrated manufacturing facility ➢ Over the years, TRIL has continually moved up the value chain by developing expertise in designing and manufacturing transformers from 5kV up to 1,200kV class ➢ To optimize the operations, company has continually undertaken backward integration, manu
Slide 27: Industry outlook
ae Industry outlook A
Slide 28: Opportunities in the Transformer Industry
Opportunities in the Transformer Industry Electric Grid by the Numbers The transformer market is poised for significant growth, particularly as 2+ Thousand 642+ Thousand 4.6B+ federal investments in the Photovoltaic Miles of High-Voltage Total Kilowatt-Hours development and implementation of Generat
Slide 29: Industry Outlook : Power Sector
Industry Outlook : Power Sector India’s Installed Power Generation Capacity India’s Installed Power Generation Capacity (GW) in FY23 (GW) Nuclear 7 399 416 382 450 356 370 400 327 344 350 298 Hydro 47 300 250 Renewable 125 200 150 100 50 0 Thermal 237 2016 2017 2018 2019 2020 2021 2022 2023 ❑ Over t
Slide 30: Industry Outlook : Renewables
Industry Outlook : Renewables Installed Renewable Energy1 Capacity Installed Renewable Capacity Breakup (GW) - February 2023 (GW) - February 2023 200 174.53 4.93 160 180 160 10.20 140 111.4 63.30 120 87.02 94.43 77.64 100 69.02 41.90 57.24 80 60 45.92 40 20 0 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23
Slide 31: Transformer Demand Drivers
Transformer Demand Drivers Export Opportunities India is being a preferred transformer supplier for US, Europe markets and on-going tensions in Ukraine & Russia has accelerated the transition Aging Infrastructure Grid Resiliency Aging transformers and related T&D infrastructure are Extreme weather,
Slide 32: Safe Harbor
Safe Harbor This presentation has been prepared by Transformers and Rectifiers (India) Limited solely to provide information about the Company to its stakeholders. No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completene
Slide 33: Thank you
Thank TRANSFORMERS AND RECTIFIERS (INDIA) LIMITED (ISIN: INE763I01026; NSE: TRIL; BSE: 532928) REGISTERED & CORPORATE OFFICE: Survey No. 427 P/3-4, & 431 P/1-2, Sarkhej-Bavla Highway, Village: Moraiya, you Taluka: Sanand, Dist. Ahmedabad–382213 Gujarat, INDIA Tel: +91 79 www.transformerindia.com CHA
Transformers & Rectifiers (India) — Q3 FY2024 Earnings Presentation on 6ix