Blue Star Limited · NSE:BLUESTARCO
Blue Star — Investor Presentation (July 2017)
34 slides from Blue Star's investor presentation, July 2017
Slide 1: Blue Star Limited Investor Presentation
Blue Star Limited Investor Presentation 1
Slide 2: About Blue Star
About Blue Star • India’s leading air-conditioning, commercial refrigeration company and MEP contracting company • Total Revenue: ~ Rs. 4500 crores • Employee Strength: 2700 • Network of 35 offices; 4000 distribution point, 2200 dealers, 600 retailers • Presence in 19 international markets in the Mi
Slide 3: 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 4: Governance Structure
Governance Structure Chairman Emeritus Ashok M Advani Board of Directors Suneel M Advani Vir S Advani B Thiagarajan Chairman Managing Director Joint Managing Director Shailesh Haribhakti Shobana Kamineni Rajiv R Lulla Pradeep Mallick M K Sharma Gurdeep Singh Dinesh Vaswani Director Director Non-Exec
Slide 5: Business Segments
Business Segments 5
Slide 6: Segment I: Electro-Mechanical Projects and Packaged Air Conditioning Systems
Segm ent I Electro-Mechanical Projects and Packaged Air Conditioning Systems 6
Slide 7: Electro-Mechanical Projects
Electro-Mechanical Projects • Design, installation, commissioning and maintenance of large central air conditioning plants • Designing and execution of electrical, plumbing and fire-fighting contracting projects • Execution of turnkey industrial projects • Blue Star offers an unmatched advantage: Su
Slide 8: Central AC Projects
Central AC Projects • Expertise of over seven decades in system design, contracting, installation and maintenance • Delivers expert turnkey MEP cooling solutions to a variety of customers in the corporate, commercial and industrial sectors • Significant market share in segments such as Industrial, I
Slide 9: Packaged Air Conditioning Solutions
Packaged Air Conditioning Solutions • Complete range of energy-efficient packaged air conditioners and ducted split air conditioners • VRF systems with Inverter as well as Digital technology • VRF IV Plus, the first ‘Made in India’ 100% Inverter-based VRF system • Driven by segments such as offices,
Slide 10: Central AC Products
Central AC Products • Highly efficient centrifugal chillers • AHRI-certified screw chillers • Flexible and energy-efficient scroll chillers • Process chillers for industrial and non-comfort cooling applications • Air cooled and water cooled variants 10
Slide 11: After Sales Service
After Sales Service • India’s largest air conditioning and refrigeration service provider, maintaining around 2 million ton of refrigeration equipment • ISO 9001-2008 certified • Handle over 1 million service calls a year • Focus on service delivery quality through a Service Quality Assurance Group,
Slide 12: International Business
International Business • Offers AC&R products, after-sales service as well as system integration in global markets in addition to contract manufacturing • Markets addressed include Middle East, Africa, SAARC and ASEAN regions • Product offering includes range of Room Air-conditioners, Commercial Ref
Slide 13: Market Opportunity
Market Opportunity The HVAC market in India is forecast to reach US$ 3.97 billion by 2019 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 woul
Slide 14: Some of our prestigious projects
Some of our prestigious projects Parliament House Delhi Metro Chhatrapati Shivaji International Airport-T2 JW Marriott 14 Microsoft Tata Steel
Slide 15: Some of our prestigious international projects
Some of our prestigious international projects AMCORP Trade Centre, Malaysia Bank of Mauritius Kuala Lumpur Grand Hyatt , Malaysia Hotel Rehabilitasi, Malaysia 15 Civil Aviation Headquarters, Oman New District Hospital, Qatar
Slide 16: Segment II: Unitary Products
Segm ent I I Unitary Products 16
Slide 17: Room Air Conditioners
Room Air Conditioners • Installed base of over a million units • Products available in 3800 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 noi
Slide 18: Opportunity in Room AC market
Opportunity in Room AC market Low penetrated market and growing middle class purchasing power offer immense opportunity for growth… Market Size [No. of units (in Mn)] 100 50 5 Global China India 18
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 – Storage Water Coolers – Bottled Water Dispensers – Ice Cubers – Cold Rooms 19
Slide 20: Water Purifiers
Water Purifiers • Recently forayed into the residential water purifiers business with a stylish and differentiated range • Launched range of 13 models (largest by any new entrant in the category • Market pegged at about Rs. 4200 crores, increasing at a CAGR of 22%. 20
Slide 21: Manufacturing Facilities
Manufacturing Facilities • 5 state-of-the-art, automated factories located at: – Dadra – Himachal (2 facilities) – Wada – Ahmedabad • 2 modern plants at Samba, Jammu and Sri City, Andhra Pradesh in the offing 21
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 300 models manufactured across 25 product 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
Segm ent I I I Professional Electronics & Industrial Systems 24
Slide 25: Professional Electronics & Industrial Systems
Professional Electronics & Industrial Systems • Managed by the Company’s wholly owned subsidiary, Blue Star Engineering & Electronics Ltd • Business verticals include: – Industrial Products - Valves and Bagging systems – Testing Equipments – Security and Surveillance – Medical Equipments • Evolved f
Slide 26: Financial Performance
Financial Performance 26
Slide 27: Consolidated operating performance
Consolidated operating performance Growth : 22% Growth : 20% Growth : 34% Note: Numbers of last year exclude BSIL operation for like to like performance 27
Slide 28: Consolidated Balance Sheet indicators
Consolidated Balance Sheet indicators 28
Slide 29: Segment Mix: Revenue
Segment Mix REVENUE Moving to a more balanced mix of Projects and Products business 29
Slide 30: Segment Mix: Segment Result (EBIT)
Segment Mix Segment Result (EBIT) Moving to a more balanced mix of Projects and Products business 30
Slide 31: Segment 1: EMP and Packaged Air-Conditioning system
Segment 1: EMP and Packaged Air- Conditioning system Growth: 20% Growth 19% Blue Star continued to maintain its dominant leadership position in the integrated electrical mechanical service offering in India. 31
Slide 32: Segment 1: EMP and Packaged Air-Conditioning system
Segment 1: EMP and Packaged Air- Conditioning system 23% 23% Healthy Order Inflows and Growth in Carried Forward Order Book 32
Slide 33: Segment 2: Unitary Products
Segment 2: Unitary Products Growth: 27% Growth 26% Impressive growth driven by the Company’s strong brand equity and enhanced distribution footprint. 33
Slide 34: Thank you
Thank you 34