Triveni Engineering and Industries Limited · NSE:TRIVENI
Triveni Engineering and Industries — Investor Presentation (June 2014)
30 slides from Triveni Engineering and Industries's investor presentation, June 2014
Slide 1: Corporate Presentation June 2014
CORPORATE PRESENTATION Sugar Business Water Business Triveni Engineering & Industries Cogeneration & Ltd. Gears Business Distillery Business JUNE 2014
Slide 2: Triveni Group Organisation Structure
Triveni Group Organisation Structure Triveni Group Triveni Triveni Engineering Turbine & Industries TEIL holds 21.8% of the equity in TTL Ltd. (TTL) Ltd. (TEIL) 50% plus one share Co- Sugar Sugar Distillery GE Triveni generation Businesses Business Business Ltd. Business (GETL) Engineering Gears Wat
Slide 3: Triveni Group Fact Sheet
Triveni Group Fact Sheet Two Independent Listed Companies – Triveni Engineering & Industries Ltd. and Triveni Turbine Ltd. Listed in both National Stock Exchange & Bombay Stock Exchange – Market Cap of ~ INR 37 billion (June 25, 2014) Promoter driven, professionally managed companies with emin
Slide 4: Triveni Engineering & Industries Ltd.
Triveni Engineering & Industries Ltd. Triveni Engineering & Industries Ltd. (TEIL) Sugar Engineering Businesses Businesses
Slide 5: Engineering Business – Pan India Presence
Engineering Business – Pan India Presence ENGINEERING BUSINESS Noida GEARS BUSINESS - MYSORE Market leader in High speed gears & gear boxes upto 70 MW capacity and speed of WATER BUSINESS 70,000 rpm – NOIDA Mysore Corporate Office Manufacturing Facilities A leading player in the high technology Wate
Slide 6: Engineering Businesses – Revenue Growth
Engineering Businesses –Revenue Growth 4000 3951 3500 3068 3000 2736 2625 2500 ` in millions 2000 1730 1437 1500 1000 651 565 392 423 500 325 256 0 FY08 FY09 FY10 FY11 FY12 FY12-14** Revenue PBIT FY 12-14** - 18 months period from Oct 12 – Mar 14
Slide 7: Gears Business
Gears Business Triveni is in the business of design, manufacture High Speed Gears product range includes all and marketing of customised gears and Steam Turbine gear boxes, gear boxes for gearboxes (both high speed and niche low compressors and load gear boxes for gas speed gears) having a state
Slide 8: Gears Business – Financial Performance
Gears Business – Financial Performance 1600 1421 1400 1200 ` in millions 1014 1202 1000 800 1043 769 733 600 419 397 400 345 301 220 244 200 0 FY 08 FY 09 FY10 FY11 FY12 FY12-14** Net Sales PBIT FY 12-14** - 18 months period from Oct 12 – Mar 14 The performance of this unit was impacted by The c
Slide 9: 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 10: Water Business
Water Business 3000 2530 2500 2000 1866 1692 1610 ` in millions 1500 997 1000 668 500 219 232 105 148 123 -141 0 FY 08 FY 09 FY 10 FY 11 FY 12 FY 12-14 (**) -500 Net Sales PBIT FY 12-14** - 18 months period from Oct 12 – Mar 14 The turnover for the quarter has been higher which resulted in a net l
Slide 11: Sugar Businesses
Sugar Businesses SUGAR BUSINESSES SUGAR BUSINESS One of the largest sugar producers in DISTILLERY India with seven BUSINESS sugar manufacturing facilities CO-GENERATION One of the largest BUSINESS single stream molasses based distillery in the Three co-generation & two country located at incidental
Slide 12: Sugar Business – Industry Overview
Sugar Business – Industry Overview Global: The global production for 2014-15 has also been Due to the adverse climatic conditions in Brazil & estimated to be lower on account of uncertain India, the surplus for SY 2013-14 has been climatic conditions in Brazil. This has led to significantly lowe
Slide 13: Sugar Business – Industry Overview
Sugar Business – Industry Overview (Figures in million tonnes) 2009-10 2010-11 2011-12* 2012-13* 2013-14 (E) Opening Stock as on 1st Oct. 4.3 4.9 5.8 6.6 9.2 Production during the Season** 18.9 24.3 26.3 25.1 24.1 Imports 4.0 0 0 0.7 0.1 Total Availability 27.3 29.3 32.1 32.4 33.4 Off-take I) Intern
Slide 14: Sugar Business
Sugar Business Deoband Chandanpur Rani Nangal Khatauli Milak Narayanpur Sabitgarh Ramkola Major facilities located in cane rich areas of Closer to country’s major sugar consuming Western Uttar Pradesh with more than 80% markets - better realizations & lower cane intensity – fertile and irrigated
Slide 15: Sugar Business
Sugar Business Cane crushed during SS 2013-14 has been 4.65 The sugar inventories have been written down million tonnes with a recovery of 9.32% against by ` 554 million to net realizable value. The 5.63 million tonnes at 9.28% recovery in SS results also include impact of ` 104 million on 2012-
Slide 16: Co-generation Business
Co-generation Business Triveni presently operates three co-generation Deoband and Khatauli co-generation plants of power plants, one at Deoband and two at the Company are registered as Clean Khatauli and two incidental co-generation Development Mechanism (CDM) projects with plants at Chandanpur
Slide 17: Co-generation Business
Co-generation Business 3000 2657 2500 ` in millions 2000 1467 1500 1293 1174 1171 948 994 1000 476 499 500 366 201 270 0 FY 08 FY 09 FY 10 FY 11 FY 12 FY 12-14 (**) Net Sales PBIT FY 12-14** - 18 months period from Oct 12 – Mar 14 The co-generation units operated efficiently Issuance of Renewabl
Slide 18: Distillery Business
Distillery Business One of the largest single stream molasses The distillery has a flexible manufacturing based distillery in the country located at process allowing it to produce Extra Neutral Muzaffarnagar. Alcohol (ENA), Rectified Spirit (RS), Special Denatured Spirit (SDS) & Ethanol which ar
Slide 19: Distillery Business
Distillery Business 2500 2261 2000 ` in millions 1500 1264 1000 889 737 737 539 500 762 272 177 92 90 81 0 FY 08 FY 09 FY 10 FY 11 FY 12 FY 12-14 (**) Net Sales PBIT FY 12-14** - 18 months period from Oct 12 – Mar 14 The performance of the distillery has been in Supplies of around 101 lakh litre
Slide 20: Triveni Turbine Ltd. (TTL)
Triveni Turbine Ltd. (TTL) • Triveni Turbine Limited Triveni (TTL) is one of the Turbine Ltd. leading industrial steam (TTL) turbine manufacturers of India in the up to 30 MW segment with a dominant market share. 50% plus one share • TTL listed in NSE & BSE, two major stock exchanges in India. GE Tr
Slide 21: TTL – Fact Sheet
TTL – Fact Sheet Delivering STG Packages --------------------------------------------- Delivering STG packages up to 30 MW. Installations base of over 2500 turbines globally. Market Share --------------------------------------------- Key global player in steam turbine market with market leadership p
Slide 22: TTL – Business Perspective
TTL – Business Perspective The current range of product up to 30MW. Commands market leadership for range up to 30 MW. Manufacturing since 1968; over 2,500 turbines manufactured and sold since inception. Cater to wide range of customers across segments like sugar, paper, co-gen, textiles, pharm
Slide 23: TTL – Efficient Products
TTL – Efficient Products Reduce Power Back Pressure Steam Turbines Consumption Product Straight Back Pressure Type Condensing Steam Turbines Straight Condensing Type Condensing Type with Cost Efficient Triveni Increase Product Controlled Extraction Efficiency Turbines Condensing Type with Un-Control
Slide 24: TTL – Research & Development
TTL – Research & Development Strong design team Innovative designs delivering supported by consultants maximum performance and and domain experts higher efficiency Association with globally Innovative product development acclaimed turbo-machinery concepts such as design to cost, design houses QFD, F
Slide 25: TTL – Aftermarket Services
TTL – Aftermarket Services Full speed vacuum balancing tunnel for Refurbishment & Residual Life Assessment of balancing turbines, compressors/alternators – all makes of turbines, compressors etc. can undertake balancing for turbo machines up Customization & upgradation of old turbines for to 300 MW
Slide 26: TTL – Financials
TTL – Financials PBT Net Sales PBT Margins 1021 FY14 5057 1567 FY13 FY14 FY 08 6569 20.0 23.5 1350 FY12 6319 FY 13 23.8 FY 09 1289 21.7 FY11 6135 1140 FY12 FY10 FY10 5256 21.3 21.4 FY11 978 20.9 FY 09 4542 1135 FY 08 4845 0 1000 2000 3000 4000 5000 6000 7000 All financials are for April-March period
Slide 27: TTL – Financials
TTL – Financials (Figures in ` million) Q4 FY 14 Q4 FY 13 FY 14 FY 13 Net sales 1313.2 1,905.8 5056.9 6,568.5 EBITDA 325.3 471.0 1148.2 1,716.3 EBITDA Margin 24.8% 24.7% 22.7% 26.1% Depreciation & Amortisation 32.5 30.7 128.6 122.6 PBIT 292.8 440.3 1019.6 1,593.7 PBIT Margin 22.3% 23.1% 20.2% 24.3%
Slide 28: TTL – Financials
TTL – Financials The FY 14 turnover was lower by 23% on account of lower order booking in the first half of the year and also on account of deferment of deliveries. The after-market sales have shown decline of 13% which is expected to improve in the coming years both from services and spares of own
Slide 29: GE Triveni Ltd.
GE Triveni Ltd. Triveni Turbine Ltd. formed a 50:50 Joint Venture with The company received three turbine orders from GE on 15th April 2010. GE Triveni Ltd. (GETL) international market and two turbine orders headquartered in Bengaluru, a subsidiary of TTL, will domestically. design, supply, sell and
Slide 30: Contact for Investor Relations
Contact for Investor Relations CN Narayanan Triveni Engineering & Industries Ltd. Tel. +91 120 430 8000 Fax : +91 120 431 1010 cnnarayanan@trivenigroup.com Gavin Desa/ Ashwin Chhugani Citigate Dewe Rogerson Tel: +91 22 66451237/1250 gavin@cdr-india.com / ashwin@cdr-india.com ------------------------
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