Genus Power Infrastructures Limited · NSE:GENUSPOWER
Genus Power Infrastructures — Investor Presentation (July 2016)
40 slides from Genus Power Infrastructures's investor presentation, July 2016
Slide 1: Investors Presentation July 2016
Génus § energizing lives INVESTORS PRESENTATION | PRIVATE & CONFIDENTIAL July 2016
Slide 2: Agenda
Company Overview Company Capability Financial Performance Achievements Industry Overview Genus’ Strengths Road Map ahead 2
Slide 3: Company Overview
Genus energizing lives Company Overview | Genus power inFrastrucTuREs LiMiTED [a www.genus.in 3
Slide 4: Genus Power Infrastructures overview
An integral part of the USD 400 million Kailash Group Engaged in …. Design, Development and Manufacturing of Electronic Energy Meters and Metering Solutions Engineering Construction & Contracts State of the art manufacturing infrastructure spread across 3 plants in Jaipur & Haridwar and R&D centre a
Slide 5: Manufacturing Facilities
Manufacturing Facilities R&D Centre Sitapura, Jaipur Ramchandrapura, Jaipur Haridwar, Uttaranchal Haridwar, Uttaranchal 5
Slide 6: End to End Energy Management Solutions
End to End Energy Management Solutions Full Spectrum of Energy Metering Solutions from power generation to Distribution Proven Capabilities in Design, Technology and Manufacturing, 38+ million energy meters installed 6
Slide 7: Metering Solutions
Metering Solutions Residential Meters (Single Phase / Poly Phase) Commercial, Industrial, Agricultural, Audit Meters Smart Meters /Net Meters Grid & Sub-station ABT Compliant Meters Distribution Transformer Metering Smart Group Metering Solution (LVDS & HVDS) Prepayment Meters AMR Technologies (RF,
Slide 8: Engineering Construction and Contracts
Engineering Construction and Contracts Switchyard / Sub Stations up to 400 kV Transmission & Distribution Lines up to 400 kV Rural Electrification Distribution Lines & HVDS Process Industry Plant Electrification 8
Slide 9: SMT Placement Line
Genus energizing lives GENUS POWER INFRASTRUCTURES LIMITED www.genus.in
Slide 10: Assembly Hall
Genus energizing lives GENUS POWER INFRASTRUCTURES LIMITED www.genus.in 4 ¢
Slide 11: Assembly Line
Génus § | Assembly Line energizing lives | GENUS POWER INFRASTRUCTURES umiteo wwew.genus.in 4 4
Slide 12: Molding Shop Floor
HM Molding Shop Floor Genus | GENUS POWER INFRASTRUCTURES unre www.genus.in 4 >
Slide 13: Company Capability
Genus energizing lives Company Capability | Genus power inFrastrucTuREs LiMiTED [a www.genus.in 43
Slide 14: R & D Profile
R & D Profile In-house R & D Center recognized by “Department of Science & Industrial Research - India”, under Ministry of Science & Technology, Govt. of India Over 200 technocrats working towards innovative products & solutions Equipped with world class designing equipments and advanced software NA
Slide 15: Manufacturing Capabilities
Manufacturing Capabilities State of the Art Lean Manufacturing Facilities Complete forward and backward integration An annual capacity of 10 million meters of different product mix Automated SMT Lines capable to handle 1500 different types of components for assembly of PCBs More than 50 Injection mo
Slide 16: Financial Performance
Genus energizing lives Financial Performance | Genus power inFrastrucTuREs LiMiTED [a www.genus.in 46
Slide 17: Meter Volume
Meter Volume Strong volume growth of CAGR 23% in five years with total installed base of +38mn meters 8 36% Y/Y growth in meters sold in FY16 6 31% Y/Y growth in meters produced in FY16 4 Production capacity of 10mn meter per year, can 2 be increased without much capital expenditure 0 Recently annou
Slide 18: Revenues
Revenues Meter revenue has growth 16% CARG against 10000 20.0% industry growth of ~10-12% in last 5 years 15.0% 8000 10.0% Genus is market leader in meter industry and 6000 has been successfully maintaining its 5.0% leadership position 0.0% 4000 -5.0% We are confident of maintaining above 2000 indus
Slide 19: EBITDA Margin
EBITDA Margin EBITDA margins of +14.5% sustainable; Increased demand of smart meters to improve margins Company reported EBITDA margin of 14.5% in 1600 15.0% FY16, the best in industry 1200 14.0% In base case scenario, this margin level is sustainable 800 13.0% Can improve EBITDA margins with increa
Slide 20: Profitability
Profitability High net Profit margin in industry; Core ROE +19% 800 10.0% 25.0% 20.0% 600 9.0% 15.0% 400 8.0% 10.0% 200 7.0% 5.0% 0 6.0% 0.0% FY12 FY13 FY14 FY15 FY16 FY13 FY14 FY15 FY16 PAT* (Rs/m) PAT Margin* ROE* Core ROE* Note: * Adjusted for HIP business, hived off in 2015; Core ROE calculation
Slide 21: Leverage
Leverage Net debt reduced by 57% in FY16; Net D/E only 0.20x Company reported Gross debt of Rs2,330m in 3500 0.80 FY16 against Rs3,513m in FY15 3000 0.70 0.60 2500 Cash & liquid investment of Rs1,029m as on 0.50 31st Mar 2016 2000 0.40 1500 0.30 Gross debt 0.35x of net worth and Net debt 1000 0.20 o
Slide 22: Assets Allocation
Assets Allocation Low fixed assets and high current assets business model 2.0 70% 8.0 14% 1.6 66% 6.0 12% 1.2 62% 4.0 10% 0.8 58% 2.0 8% 0.4 54% 0.0 50% 0.0 6% FY12 FY13 FY14 FY15 FY16 FY12 FY13 FY14 FY15 FY16 CA turnover (LHS) CA as % of total assets FA turnover (LHS) FA as % of total assets Note:
Slide 23: Achievements
Genus energizing lives Achievements | Genus power inFrastrucTuREs LiMiTED [a www.genus.in 53
Slide 24: Certifications
Certifications R&D Lab recognized by MSD, GOI KEMA certification IECQ for quality of components BIS mark for Energy Meters SABS/STS Certification ZigBee Certification DLMS Certification for Meters Life Certification for Meters CMMI Level 3 Company CE approval for various products EMI / EMC certifica
Slide 25: Silver Certificate of Merit for Manufacturing by Frost & Sullivan
Silver Certificate of Merit for Manufacturing by Frost & Sullivan 25
Slide 26: Our Major Clients
Génus § energizing lives WH Our Major Clients +orrent Cs Q Reliance Energy oS «Vv rower |NDPL SO (Sa, name, TATA Power HL. eso . oe BSES shez [6 2c ° c — UG) CL ‘UTTAR GULARAT Vis COMPANY UNITED. | GENUS POWER INFRASTRUCTURES unre wwwegenus.in > 6
Slide 27: Industry Overview
Genus energizing lives Industry Overview | Genus power inFrastrucTuREs LiMiTED [a www.genus.in 57
Slide 28: Industry Overview
INDUSTRY OVERVIEW FASTEST GROWING ECONOMY For the year2016, India’s GDP is estimated to grow at 7.9%, fastest in the world. (Source: World Bank) HIGH ENERGY DEMAND India’s energy demand is expected to grow by 130% by 2035 (of this, electricity demand to grow ~230%) driven by growth in population, ri
Slide 29: Meter Industry Overview
METER INDUSTRY OVERVIEW A RS 33 BN MARKET For the fiscal 2016, India’s market for meters is estimated to be Rs33Bn and expected to grow at a CAGR of 11-12% during 2016-2020 SOME HIGH GROWTH Prepayment meters and Panel meters expected to see above average growth PRODUCTS during 2016-2020 BRIGHT FUTUR
Slide 30: Meter Industry Overview
Meter Industry Overview 60 14.0% The market for meters in India has seen a shift from traditional meters to Metering Solutions 50 12.0% 10.0% 40 Market for meters in India has grown at CAGR of 10- 8.0% 12% from FY12-16 30 6.0% 20 In a base case scenario, we expect this growth rate to 4.0% continue f
Slide 31: Industry Overview
Industry Overview Infrastructu re Others Meter Industry is highly dependent on demand from Industries power utilities which account for 71% of market Power Demand for tariff meters dominates the market with Utilities ~80% market share and 90% of this comes from power utilities Smart Panel meters Dem
Slide 32: Demand Drivers for Industry
Demand Drivers for Industry MODERNIZATION OF Modernization drive for existing electricity grid infrastructure includes substation INFRASTRUCTURE metering schemes, rural electrification programs, street lighting and smart metering have increased demand for modern electrical equipment like Smart meter
Slide 33: Domestic Procurement
Domestic Procurement Domestic Procurement Norms for govt. funded projects Central Electricity Authority (CEA) has recently asked heads of central and state-owned power generation, transmission and distribution companies to use locally-made equipment and material procured through domestic competitive
Slide 34: Planned Expenditure
Planned Expenditure DeenDayal Upadhyaya Integrated Power Ujwal Discom Gram Jyoti Yojana Development Scheme Assurance Yojna (DDUGJY) (IPDS) (UDAY) Outlay of Rs326bn including GoI Outlay of Rs326bn including GoI Discoms accumulated losses Rs. 3.8 budgetary support of Rs. 254bn budgetary support of Rs.
Slide 35: Genus' Strengths
Genus energizing lives Genus’ Strengths | Genus power inFrastrucTuREs LiMiTED [a www.genus.in 30
Slide 36: Genus Edge
Genus Edge Top notch fully equipped R&D facility approved by Govt. of India Innovative products & solutions are designed, developed and manufactured in house with end to end integrated state of the art facilities Complying and serving needs of more than 40 different utilities across the country Inst
Slide 37: Road Map ahead
Genus energizing lives Road Map ahead... | Genus power inFrastrucTuREs LiMiTED [a www.genus.in 37
Slide 38: Looking Ahead
Looking Ahead Energy Management Solutions • Ready to provide Smart Metering Solutions for Smart Cities & Smart Grid • Smart Grid Products – Smart Meters, AMR Solutions, Solar Net Meters • Penetration in Africa, Middle East, South East Asia market to cater to their requirement of Smart Meters, Prepay
Slide 39: Thank you
| GENUS POWER INFRASTRUCTURES umiteo wwnwgenus.in 39 |
Slide 40: Safe Harbor
Safe Harbor Some of the statements in this document that are not historical facts, are forward-looking statements. These statements entail risks and uncertainties that could cause actual events to differ materially from these forward-looking statements. These risks include, but are not limited to, t
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