Transformers And Rectifiers (india) Limited · NSE:TARIL
Transformers And Rectifiers (india) — Q4 FY2024 Earnings Presentation
39 slides from Transformers And Rectifiers (india)'s earnings presentation, Apr 8, 2024
Slide 1: Power of We - Investor Presentation 2023-24
POWER OF WE Investor Presentation 2023-24 8 April 2024 An ISO 9001:2015, ISO 14001:2015 & ISO 45001:2018 certified Company
Slide 2: Unleash the Power of We
Unleash the Power of We TRIL make - Transformers & Rectifiers ranging from 0.5 MVA - 500 MVA capacity, 5 kV - 1200 kV voltage class. Shaping the World’s First 420 kV ester fluid filled shunt Future reactor successfully designed and manufactured at TRIL Together
Slide 3: Empowering Communities, Embracing Unity
Empowering Communities, Embracing Unity 40+ years of excellence in Manufacturing, Designing, and Servicing of Energy Efficient Transformers & Reactors 16000+ Installations worldwide with presence over 25+ countries. Successfully completed ‘Dynamic Short Circuit Test’ on 153 Transformers at Renowned
Slide 4: 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 5: TRIL at a Glance
‘TRIL AT A GLANCE’
Slide 6: 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 4-year CAGR successfully for over 4 decades under the leadership of Mr. Jitendra Mamtora, Chairman and Mr. Satyen Growth R
Slide 7: Financial Highlights (Standalone)
Financial Highlights (Standalone)
Slide 8: Quarterly Financial Highlights – Q4FY24 & FY24
Quarterly Financial Highlights – Q4FY24 & FY24 Q4FY24 Highlights (₹. Cr) Revenue EBITDA & EBITDA Margin PAT & PAT Margin EPS 7.2% 70 12.9% 15.0% 40 10.0% 9.0% 13.0% 35 60 10.0% 65 36 8.0% 500 50 11.0% 30 7.0% 2.50 425 40 7.2% 9.0% 25 6.0% 365 7.0% 20 3.7% 5.0% 30 37 5.0% 15 4.0% 20 31 2.1% 3.0% 3.0%
Slide 9: Financial Highlights – Q4FY24 & FY24
Financial Highlights – Q4FY24 & FY24 Particulars (₹ Cr) Q4FY24 Q4FY23 YoY (%) Q3FY24 QoQ (%) FY24 FY23 YoY (%) Revenue from Operations 500.28 425.47 18% 365.30 37% 1,273.31 1,374.98 -7% Other Income 2.30 2.87 2.50 8.69 11.86 Total Income 502.58 428.34 367.80 1,282.00 1,386.84 Expenditure Cost of mat
Slide 10: Standalone Balance Sheet
Standalone Balance Sheet Particulars (₹ Cr) FY24 FY23 Particulars (₹ Cr) FY24 FY23 Assets Equity Equity share capital 14.26 13.26 Fixed Assets 121.05 130.24 Tangible Net worth 525.13 369.21 Capital work-in-progress 3.38 3.36 Liabilities 7.97 5.33 Non-current liabilities Intangible assets (i) Long-te
Slide 11: Key Operational Highlights of the Quarter & Year
Key Operational Highlights of the Quarter & Year ₹2,582 crore Unexecuted Order Book ₹2,050 crore New Order Inflow during the Year Operational Highlights ₹412 crore New Order Inflow during the Quarter ₹17,176 crore Inquiries under Negotiation
Slide 12: Key Financial Highlights of the Quarter
Key Financial Highlights of the Quarter ₹500 crore 12.9% Revenue ₹65 crore ₹36 crore EBITDA from EBITDA PAT margin Operation 18% 111% 576 306% YoY YoY bps YoY
Slide 13: Annualized Financial Highlights – FY19 to FY24
Annualized Financial Highlights – FY19 to FY24 Particulars (₹ Cr) FY19 FY20 FY21 FY22 FY23 FY24 Robust CaGR Growth From FY20 to FY24 Revenue from 833 683 727 1,123 1,375 1,273 Operations ₹ PAT 196% EBIDTA 70 63 73 79 118 129 EBIDTA % 8.26% 9.01% 9.95% 6.88% 8.48% 10.03% ₹ EBITDA 19% Profit after tax
Slide 14: Balance Sheet Ratio Analysis
Balance Sheet Ratio Analysis Return on Capital Employed 1 Return on Equity 11.8% 12.3% 9.7% 7.6% 8.0% 7.7% 6.7% 4.6% 3.8% 1.5% 2.1% 0.2% FY19 FY20 FY21 FY22 FY23 FY24 FY19 FY20 FY21 FY22 FY23 FY24 EBIT 2 43 28 46 44 83 97 PAT 2 5 1 7 13 37 42 Capital Net Worth 2 327 328 335 347 382 539 Employed 2 56
Slide 15: Chairman’s Message
Chairman’s Message Initiated the implementation of several key strategies during FY24: (1) New capacity of 12,000 MVA will be operational by December 2024 for Renewables and Green Energy sector (2) Well defined strategy to achieve 25% export revenue target by FY26 (3) RM centric approach to cover th
Slide 16: MD’s Comments on FY23-24
MD’s Comments on FY23-24 ❑ New Order Received during the year ₹ 2,050 crore Order from Solar Power Plants: ❑ Received order for Solar Power Plants for 4 nos. 250 MVA 2x33 kV/400 kV from a reputed EPC Company ❑ Received order for 8 nos. 315 MVA 2x33/400 kV from a Maharatna PSU Order from Private Sect
Slide 17: CFO’s Comments on Financial Performance
CFO’s Comments on Financial Performance ❑ Q4FY24 revenue ₹ 500 crore; FY24 revenue ₹ 1,273 crore ❑ Q4FY24 EBIDTA ₹ 65 crore; FY24 EBIDTA ₹ 129 crore ❑ Q4FY24 EBIDTA margin 12.9%; FY24 EBIDTA margin 10.0% ❑ Revenue improvement due to faster execution of major orders, better production planning, impro
Slide 18: Drivers that transcended TRIL’s growth story over the years
Drivers that transcended TRIL’s growth story over the years
Slide 19: 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 20: 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 21: 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 22: 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% Upto 220 kV 43% FY19 57% FY24 Upto 220 kV Above 220 kV Above 220 kV 75% Above 220 kV: Over the years, TRIL excelled in manufacturing higher voltage transformers Upto 220 kV is a competitive segment with support
Slide 23: 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 2,582 1,159 1,008 1,148 1,499 2,582 3% 9% 5% 1% 1% 4% 3% 8% 6% 9% 3% 6% 5% 23% 17% 2% 2% 2%
Slide 24: 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 1,273 683 727 1,123 1,360 1,273 2% 2% 2% 7%
Slide 25: 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 26: Supported by Integrated Manufacturing Facility
Supported by Integrated Manufacturing Facility Moraiya 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 27: 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 Going forward, the
Slide 28: 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 29: 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 30: 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 31: Key Strengths and Business Growth Strategy
Key Strengths and Business Growth Strategy
Slide 32: 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 33: Industry outlook
ae Industry outlook A
Slide 34: 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 35: 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 36: 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 37: 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 38: 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 39: 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
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