Slide 1: Covering letter to stock exchanges
BLUE STAR :7: :-7• JUBILEE PLATINUM Blue Star Limited Band Box House, 4th Floor, 254 D, Dr Annie Besant Road, Worli, Mumbai 400 030, India. T : +91 22 6654 4000 F : +91 22 6654 4001 www.bluestarindia.com BSE Ltd. National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1 ,
Slide 2: Blue Star Limited Investor Presentation
Blue Star Limited Investor Presentation August 14, 2019 1
Slide 3: About Blue Star
About Blue Star • India‟s leading air-conditioning, commercial refrigeration company and MEP contracting company • Total Revenue from Operations: ~ Rs. 5200 crores • Employee Strength: ~ 2800 • Network of 32 offices; ~ 3600 channel partners • Presence in 19 international markets in the Middle East,
Slide 4: Blue Star – Vision & Credo
Blue Star – Vision & Credo Vision : “To dream, to strive, to care and, above all to be the best in everything we do.” Credo : “I am Blue Star. I take pride in delivering a world- class customer experience.” 3
Slide 5: Governance Structure
GovernanceStructure Governance Structure Chairmen Emeriti Ashok M Advani Suneel M Advani Board of Directors Shailesh Haribhakti Vir S Advani B Thiagarajan Chairman Vice Chairman & Managing Director Managing Director Sam Balsara Rumjhum Chatterjee Anil Harish Arvind K Singhal Rajiv R Lulla Sunaina Mu
Slide 6: Business Segments
Business Segments 5
Slide 7: Segment I: Electro-Mechanical Projects and Commercial Air Conditioning Systems
Segment I Electro-Mechanical Projects and Commercial Air Conditioning Systems 6
Slide 8: Electro-Mechanical Projects
Electro-Mechanical Projects • Design, engineer and execution of MEP projects in buildings, factories and infrastructure (Metros & Airports) segments • Large central air conditioning & ventilation projects • Electrical projects • Plumbing projects • Fire-fighting projects • Mechanical EPC projects in
Slide 9: Commercial Air Conditioning Systems
Commercial Air Conditioning Systems • Complete range of energy-efficient Packaged air conditioners and Ducted split air conditioners • Innovative new range of Inverter ducted system • VRF V Plus, the fifth generation VRF is launched which is ‟ 100% Inverter-based VRF system with higher output capaci
Slide 10: Commercial Air Conditioning Systems
Commercial Air Conditioning Systems • Highly efficient Oil Free chillers Mix and Match Configured Series- Screw chillers • Energy-efficient Inverter scroll chillers • Process chillers for industrial and non-comfort cooling applications • Wide range of Centrifugal Chillers 9
Slide 11: After Sales Service
After Sales Service • India‟s largest air conditioning and refrigeration service provider, maintaining around 2 million tonnes of air conditioning and refrigeration equipment. Service reach to more than 4000 towns handling > 1.2 million service calls a year • Runs an excellence programme titled “Gol
Slide 12: International Business
International Business • Headquartered and managed by the Company‟s wholly owned subsidiary at Dubai • Offers Air Conditioning and Refrigeration products, after-sales service as well as system integration in global markets. • Product portfolio includes Unitary products, DX Commercial, refrigeration
Slide 13: Market Opportunity
Market Opportunity The HVAC market in India is forecast to reach US$ 5.9 billion by 2024 Government propelled infrastructure investments is expected to drive growth in medium term. Sectors like Metros Rail, Healthcare, Education, Airports, Light industrial projects and commercial offices would
Slide 14: Some of our prestigious projects
Some of our prestigious projects Bangalore Metro GIFT City Tata Power - HT Substation Tata Steel 13 Chhatrapati Shivaji International Airport-T2 Parliament House
Slide 15: Some of our prestigious international projects
Some of our prestigious international projects China Centre, Seeb, Oman Al Dafna West Bay, Doha Kuala Lumpur Grand Hyatt , Malaysia Polonnaruwa Auditorium, Sri lSanka Qatar University, Qatar Lexus Car Show room,DFC,Dubai
Slide 16: Segment II: Unitary Products
Segment II Unitary Products 15
Slide 17: Room Air Conditioners
Room Air Conditioners • Installed base of over two million units • Products available in 4800 outlets in more than 650 locations across the country • Focus on inverter technology and energy efficient products • Focus on residential as well as corporate and commercial customers • Aesthetics and low n
Slide 18: Low penetrated market offers immense opportunity for growth
Low penetrated market and growing middle class purchasing power offer immense opportunity for growth… Market Size (Units in millions) – FY 19 Penetration % - FY 19 140.0 60.0% 80.0 30.0% 5.5 5.0% Global China India Global China India Future Growth Blue Star Market Share (%) Market Size (Units in mil
Slide 19: Commercial Refrigeration Products
Commercial Refrigeration Products • Wide range of commercial refrigeration equipment • Market leader in most of the segments • Products having latest technology with innovative features: – Deep Freezers – Bottle Coolers – Visi Coolers/Freezers – Storage Water Coolers/Dispensers – Bottled Water Dispe
Slide 20: Water Purifiers
Water Purifiers • Offers a comprehensive range of stylish value for money as well as premium and differentiated range of RO+UV+UF products across price points from Rs 7,900 to Rs 46,900 • Unique features such as cold and hot water, filter change alerts, aqua taste boosters and electronic dispensing
Slide 21: Manufacturing Facilities
Manufacturing Facilities • 5 state-of-the-art, automated factories located at: – Dadra – Himachal (2 facilities) – Wada – Ahmedabad 20
Slide 22: Manufacturing Facilities
Manufacturing Facilities • Specialise in manufacturing a variety of highly engineered and custom-built products • Manufacturing footprint of 1 lakh sq. m. • Over 1125 SKUs manufactured across 21 assembly lines • Lean manufacturing and world-class practices • Wada factory certified as „Green factory‟
Slide 23: Research & Development
Research & Development • High level of product development and testing capabilities with several patents for new breakthrough products • Department of Scientific & Industrial Research approved • Lab certification programme for facility upgradation • Enhanced capability in reliability and electronics
Slide 24: Segment III: Professional Electronics & Industrial Systems
Segment III Professional Electronics & Industrial Systems 23
Slide 25: Professional Electronics & Industrial Systems
Professional Electronics & Industrial Systems •Managed by the Company‟s wholly owned subsidiary, Blue Star Engineering & Electronics Ltd •Lines of Business include: –Healthcare Systems: MRI & CT Scanner –Data Security Solutions: Payment HSM, PKI, Encryption –Infra Security System: Video Surveillance
Slide 26: Financial Performance
Financial Performance 25
Slide 27: Financial Performance – Q1FY20
Financial Performance – Q1FY20 Revenue (Rs Cr) EBITDA (Rs Cr) 137 1508 1575 115 Q1FY19 Q1FY20 Q1FY19 Q1FY20 PBT (Before exceptional items) (Rs Cr) Earnings per share (EPS)* (Rs ) 112 9.53 7.98 108 Q1FY19 Q1FY20 Q1FY19 Q1FY20 *Not annualized 26
Slide 28: Balance Sheet indicators – Q1FY20
Balance Sheet indicators – Q1FY20 Net Borrowing (Rs Cr) Debt / Equity (times) 0.5 403 NIL * 0.0 Q1FY19 Q1FY20 Q1FY19 Q1FY20 Capital Turnover (times) Return on Capital Employed (%) 28% 5.2 4.8 24% Q1FY19 Q1FY20 Q1FY19 Q1FY20 *Net positive cash balance 27
Slide 29: Segment 1: EMP and Commercial Air-Conditioning systems
Segment 1: EMP and Commercial Air- Conditioning systems Segment Revenue (Rs Cr) Segment Results (Rs Cr) 619 624 40 34 Q1FY19 Q1FY20 Q1FY19 Q1FY20 Capital Employed (Rs Cr) Return on Capital Employed (%) 28% 26% 567 538 Q1FY19 Q1FY20 Q1FY19 Q1FY20 Blue Star continued to maintain its dominant position
Slide 30: Segment 1: Orders Booked and Carry forward Orders
Segment 1: EMP and Commercial Air- Conditioning systems Orders Booked Carry forward Orders (Rs Cr) (Rs Cr) 967 2674 623 1970 Growth of 11% Q1FY19 Q1FY20 Q1FY19 Q1FY20 29
Slide 31: Segment 2: Unitary Products
Segment 2: Unitary Products Segment Revenue (Rs Cr) Segment Results (Rs. Cr) 907 95 99 831 Q1FY19 Q1FY20 Q1FY19 Q1FY20 Capital Employed (Rs Cr) Return on Capital Employed (%) 506 229 52% 52% Q1FY19 Q1FY20 Q1FY19 Q1FY20 30
Slide 32: Thank you
Thank you 31