Triveni Engineering and Industries Limited · NSE:TRIVENI
Triveni Engineering and Industries — H1 FY13 Earnings Presentation
32 slides from Triveni Engineering and Industries's earnings presentation, 2012
Slide 1: Triveni Engineering & Industries Ltd. Corporate Presentation H1 FY13
Triveni Engineering & Industries Ltd. CORPORATE PRESENTATION H1 FY13
Slide 2: Triveni Group Organisation Structure
Triveni Group Organisation Structure TEIL holds 21.8% of the equity in TTL 50% plus one share 2
Slide 3: Triveni Group Fact Sheet
Triveni Group Fact Sheet Two Independent Listed Companies – Triveni Engineering is one amongst the largest Triveni Engineering & Industries Ltd. integrated sugar manufacturers in India and and Triveni Turbine Ltd. the market leader in its engineering businesses comprising high speed gears, gearb
Slide 4: Triveni Engineering & Industries Ltd. (TEIL)
Triveni Engineering & Industries Ltd. (TEIL) 4
Slide 5: Engineering Business – Pan India Presence
Engineering Business – Pan India Presence GEARS BUSINESS - MYSORE Market leader in High speed gears & gear boxes upto 70 MW capacity and speed of 70,000 Noida rpm Engineering Business WATER BUSINESS – NOIDA A leading player in Corporate Office the high Mysore technology water Manufacturing Facilitie
Slide 6: Engineering Business – Revenue Growth
Engineering Business – Revenue Growth 3500 CAGR 07*-12 3068 3000 SALES – 22% 2736 2625 2500 PBIT – 17% 2000 ` in millions 1730 1500 1437 1006 1000 651 565 500 325 392 423 192 0 FY07* FY08 FY09 FY10 FY11 FY12 Revenue PBIT FY07* - 12 months period from Oct 06 – Sep 07 6
Slide 7: Gears Business Group – Business Perspective
Gears Business Group – Business Perspective Triveni is in the business of design, manufacture and marketing of customised gears and gearboxes (both high speed and niche low speed gears) having a state-of-the-art design and manufacturing facility at Mysore conforming to international standards. A
Slide 8: Gears Business Group – Financial Performance
Gears Business Group – Financial Performance The sales during Q2 FY13, as compared to the CAGR 07*-12 1202 previous quarter have been significantly 1200 34 SALES – 12% 35 35 better and consequently, the profitability has 1043 PBIT – 16% 33 1014 also improved substantially. 1000 The business from
Slide 9: Water Industry – Potential To Grow
Water Industry – Potential To Grow Rising Water Demand to double by 2025 from 2000 levels - Growth potential in coming years in both major segments – Municipal and Industrial. Multi-lateral funding actively promoting privatisation and commercialisation of water. Jawaharlal Nehru National Urban
Slide 10: Water Business
Water Business Technology association with world’s leading technology providers for various products, process & solutions such as Ultra filtration (UF), Reverse Osmosis (RO), Moving Bed Bio Reactor (MBBR) etc. One of the widest ranges of products & technologies offered in the Indian Market. Indi
Slide 11: Water Business – Financial Performance
Water Business – Financial Performance CAGR 07*-12 The business sentiments continue to remain SALES – 33% sluggish which is being reflected both in slow order PBIT – 22% 1866 1900 17 execution and fresh order booking. Unless the 1800 1692 overall situation is improved, similar trends in order 1700
Slide 12: Sugar Business
Sugar Business SUGAR BUSINESS One of the largest sugar producers in India with seven sugar manufacturing facilities Sugar CO-GENERATION Business DISTILLERY BUSINESS BUSINESS One of the largest Two state of the art single stream co-generation molasses based facilities at two of its distillery in the
Slide 13: Sugar Industry Overview
Sugar Industry Overview Global: International sugar prices also remained sluggish and are expected to remain under pressure as more sugar is expected to be exported from Brazil, Thailand. India: Contrary to initial estimates of much lower sugar production for the 2012-13 season, the current esti
Slide 14: Sugar Industry Overview
Sugar Industry Overview (Figures in million tonnes) 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 (E) Opening Stock as on 1st Oct. 4.3 11.0 10.4 4.4 5.0 5.5 6.5 Production during the Season 28.3 26.3 14.5 18.9 24.4 26.30 25.0 Imports - - 2.5 4.0 0 0 0 Total Availability 32.6 37.3 27.4 27.3
Slide 15: Sugar Business
Sugar Business Major facilities located in cane rich areas Deoband of Western Uttar Pradesh with more than Chandanpur 80% cane intensity – fertile and irrigated land Rani Nangal Sugar cane catchment area for all sugar units under canal irrigation – both in Western & Central Uttar Pradesh - Lower
Slide 16: Sugar Business
Sugar Business Triveni crushed 5.63 million tonnes cane at an average recovery of 9.27% in FY13 which is higher by 2% in comparison to the previous season. Chandanpur & Milak Narayanpur units have started incidental co-generation during the season and put together exported 103.7 lakh units of po
Slide 17: Sugar Business - Co-generation Business
Sugar Business - Co-generation Business Three plants in two sugar units viz. Khatauli & 1500 1467 45 41 Deoband. 1400 1339 1293 40 The co-generation units operated for the full 1300 39 quarter Q2 FY13. On account of consistent crush, 1200 1174 1171 35 the power generation during the quarter has be
Slide 18: Sugar Business - Distillery Business
Sugar Business - Distillery Business 24 1300 1264 25 Distillery production during this half year is higher due to longer operational period (165). 1200 22 On account of higher realisation, the profit for 1100 both the quarter and half year has been 20 1000 significantly higher. 889 900 As comp
Slide 19: Sugar Business – Operational Performance
Sugar Business – Operational Performance Co-generation Business Q2 FY 13 Q2 FY 12 H1 FY13 H1 FY 12 Power Generated – (lac units) 1297.48 1262.28 1911.98 1979.96 Power Exported – (lac units) 846.13 827.49 1247.16 1301.24 Distillery Business Q2 FY 13 Q2 FY 12 H1 FY 13 HY FY 12 Production (000 ltr) 140
Slide 20: H1 FY13 Financial Performance
H1 FY13 Financial Performance Net Sales (` In Million) (Overall) 8999 Net Turnover – Sugar Business (` In Million) 11179 7375 H1 FY13 H1 FY12 9298 1185 1199 682 646 H1 FY 13 H1 FY 12 Sugar Co-generation Distillery Revenue Composition (` In Million) Net Turnover – Engineering Business (` In Million)
Slide 21: H1 FY13 Financial Performance – Order Book
H1 FY13 Financial Performance Order Book in Millions GBG WBG 4440 4850 4160 460 536 486 H1 FY 13 H1 FY 12 Sep FY 12 Total - 4620 Total - 4976 Total – 5336 21
Slide 22: Triveni Turbine Ltd. (TTL)
Triveni Turbine Ltd. (TTL) 50% plus one share TEIL is holding 72 million equity shares of ` 1/- each in TTL - 21.8% of the total equity capital of ` 330 million 22
Slide 23: TTL – Pan India Presence
TTL – Pan India Presence Manufacturing Facility NOIDA Marketing and Service Centres Allahabad Ahmedabad Raipur Kolkata Mumbai Latur Nagpur Pune Hyderabad Kolhapur Vijaywada Bengaluru Key Differentiator 23
Slide 24: TTL – Business Perspective
TTL – Business Perspective Cater to wide range of customers across segments like sugar, paper, co-gen, textiles, pharma, steel, IPP. Consistently upgrading the product range and efficiency. The current range of product up to 30MW. Manufacturing since 1968; over 2,500 turbines manufactured an
Slide 25: Efficient Products
Efficient Products Product Product Straight Back Pressure Type Product Product Triveni Turbines Straight Condensing Type Controlled Extraction Condensing Type Un-Controlled Extraction Condensing Type Injection Condensing Type Power Generation Up to 30 MW Up to 30 MW Capacity Steam Inlet Temperature
Slide 26: Unparallel Service
Unparallel Service Aftermarket Services are integrated under Customer Care Cell (CCC) which provides solutions for all after-sales requirements from erection and commissioning (E&C) to maintenance and spare parts to efficiency improvement. Full speed vacuum balancing tunnel for balancing turbines, c
Slide 27: Diverse Applications & Industry Segments
Diverse Applications & Industry Segments Co-generation Sugar Captive Power Plant Palm Oil Combined Heat & Power Distillery CCP / Waste Heat Pulp & Paper Recovery Food Processing Incineration Textiles Biomass Steel & Metal Carbon Black Cement Chemicals & Fertilisers Oil & Gas and Petrochemical Distri
Slide 28: Financial Performance – Steam Turbine Business
Financial Performance – Steam Turbine Business PBT Net Sales PBT Margins 1567 FY13 6569 1350 FY12 6319 FY 13 FY 08 23.8 23.5 1289 FY11 6135 FY12 FY 09 1140 21.3 21.7 FY10 5256 FY11 FY10 20.9 21.4 978 FY 09 4542 1135 FY 08 4845 0 1000 2000 3000 4000 5000 6000 7000 All financials are for April-March p
Slide 29: Financial Performance FY13
Financial Performance FY13 (Figures in ` million) FY 13 FY 12 Variation FY 13 FY 12 Apr – March Apr - March FY 13 over As on 31st 31st March 2012 2013 2012 FY12 March 2013 Net sales 6568.5 6318.8 4% Share Capital EBITDA 1716.3 1561.2 10% - Equity 330 330 EBITDA Margin 26.1% 24.7% - Preference 28 28
Slide 30: Financial Performance FY13
Financial Performance FY13 The sales in Q4 FY 13 was higher by 34% which resulted in a growth of 4% year on year for the full year of FY 13. The increase in turnover was primarily driven by increased export turnover and also the after-market turnover. The export turnover year on year grew by 9
Slide 31: Joint Venture with General Electric (GE)
Joint Venture with General Electric (GE) Triveni Turbine Ltd. formed a 50:50 Joint Venture with GE on 15th April 2010. GE Triveni Ltd. (GETL) headquartered in Bengaluru, a subsidiary of TTL, will design, manufacture, supply, sell and service advanced technology steam turbines in India in the range
Slide 32: Contact
Contact CN Narayanan Triveni Engineering & Industries Ltd. Tel. +91 120 430 8000 Fax : +91 120 431 1010 cnnarayanan@trivenigroup.com Gavin Desa/ Rishab Barar Citigate Dewe Rogerson Tel: +91 22 66451238 gavin@cdr-india.com / rishab@cdr-india.com -------------------------------------------------------
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