Thermax Limited. · NSE:THERMAX
Thermax — Q4 FY2023-24 Earnings Presentation
23 slides from Thermax's earnings presentation, May 10, 2024
Slide 1: Regulation 30 investor presentation intimation letter
May 10, 2024 To The Secretary National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G, PJ Towers, Dalal Street Bandra Kurla Complex, Mumbai: 400 001 Bandra (E) Company Scrip Code: 500411 Mumbai – 400 051 Company Scrip Code: THERMAX EQ Sub: Regulation 30 of SEBI (LODR) Regul
Slide 2: Thermax Limited: Investor Presentation Q4 FY23-24
Thermax Limited: Investor Presentation Q4 FY23-24 Conserving Resources, Preserving the Future.
Slide 3: To be a globally respected high performance organisation
To be a globally respected high performance organisation offering sustainable solutions in energy and the environment 2 Conserving Resources, Preserving the Future.
Slide 4: Disclaimer
Disclaimer This presentation includes forward-looking information and statements, including those concerning the outlook for our businesses. These statements are based on current expectations, estimates and projections about the factors that may affect our future performance, encompassing global eco
Slide 5: Thermax at a Glance
Thermax at a Glance ~4127 Employees Globally* Installations in Sales and Service presence in 90+ Countries 30+ Countries $1 Billion revenue 14 Manufacturing Locations (10 in India, 4 abroad) Conserving Resources, Preserving the Future * - Employees excluding workmen 4 Confidential and Internal Purpo
Slide 6: Business Highlights – Industrial Products
Classification: Confidential Business Highlights – Industrial Products Dispatch of the first electric thermic fluid heater Meeting process needs of a textile industry Helping an Indian steel major manage emissions 1st EPC project in East Asia for leading edible oil refinery Thermax has successfully
Slide 7: Case Study – Industrial Products
Classification: Public Case Study – Industrial Products Thermotron – Electric Boiler Industry: F&B Case: • A beverage company with a facility in a neighbouring region was looking for high-quality steam for their process. Due to sustainability commitments, limited space for boiler installation, and o
Slide 8: Business Highlights – Industrial Infra
Business Highlights – Industrial Infra Successful commissioning of high capacity CFBC boiler for Order win for two cement a steel plant WHRB from a leading cement Inauguration of Flue Gas manufacturer Desuplarisation (FGD unit) at Commencement of Koderma, Jharkhand commercial operation of Bio-CNG Co
Slide 9: Case Study – Industrial Infra
Classification: Public Case Study – Industrial Infra FlexiSource - Multi-fuel Solution Industry: Paper Location: Muzaffarnagar, Uttar Pradesh Case: • With the usage of traditional fuels becoming stringent, the customer was looking for an environmental-friendly and economically viable multi-waste inp
Slide 10: Business Highlights – Green Solutions
Business Highlights – Green Solutions TOESL commissions its 8th green steam supply project for TOESL commissions 2nd green the pharma industry steam supply plant for a European confectionery MNC Greening the power requirement of Tamil Nadu Transitioning from intra- state to inter-state open access T
Slide 11: Business Highlights – Chemical
Business Highlights – Chemical Healthy order pipeline for construction chemicals Good traction for resins across market Profit improvement in water treatment chemicals market Strategic tie-ups and refined sales strategy led to 34% growth over the Domestic sales grew by 4%. Geopolitical impact is bei
Slide 12: Thermax Q4 FY 2023-24 Results
Thermax Q4 FY 2023-24 Results Operating Cash and Order book Order balance PBT* PAT revenue investments 2,309 cr. 10,111 cr. 2,764 cr. 251 cr. 188 cr. 2,721 cr. 2% 4% 20% 17% 20% -1 % • Increased revenue has resulted into increased PBT Conserving Resources, Preserving the Future * - Profit Before Tax
Slide 13: Thermax YTD FY 2023-24 Results
Thermax YTD FY 2023-24 Results Operating Order book Order balance PBT* PAT revenue 9,355 cr. 10,111 cr. 9,323 cr. 793 cr. 643 cr. 6% 4% 15% 32% 43% • Increased revenue has resulted into increased PBT Conserving Resources, Preserving the Future * - Profit Before Tax and exceptional item Note - % grow
Slide 14: Q4 – Order Book Status
Q4 – Order Book Status Pharmaceutical 3% Others Metals/Steel 14% 18% • Continues to build on stable base orders BioCNG Chemical 1% • Enquiry inflow from steel, chemical, and 7% Power F&B continues to remains strong 2% • Upward trend in enquiry inflow from the Refinery and biofuel segment Petrochemic
Slide 15: Consolidated Performance Indicators
Consolidated Performance Indicators Q3, 2024 Performance Indicator Q4, 2024 Q4, 2023 YTD Mar 24 YTD Mar 23 2,506 Order Booking 2,309 2,254 9,355 8,787 10,717 Order Balance 10,111 9,752 10,111 9,752 2,324 Revenue 2,764 2,311 9,323 8,090 183 Profit Before Exceptional item and tax (PBT) 251 214 793 603
Slide 16: Consolidated Performance Summary by Segment
Consolidated Performance Summary by Segment Order Booking Order Balance Segment Q4, Mar 2024 YOY% Change YTD Mar 2024 YOY% Change Industrial Products 1,061 -11 % 3,500 23% Industrial Infra 1,072 25% 5,682 -10% Green Solutions 3 -93% 791 60% Chemical 173 7% 138 27% Total 2,309 2% 10,111 4% • Industri
Slide 17: Business Performance Summary
Business Performance Summary For Q4, FY 2023-24 For Q4, FY 2022-23 YTD Mar 24 YTD Mar 23 Segments Sales PBIT PBIT % Sales PBIT PBIT % Sales PBIT PBIT % Sales PBIT PBIT % Industrial 1,207 141 11.7% 981 104 10.6% 4,055 397 9.8% 3,338 274 8.2% Products Industrial 1,356 82 6.1% 1,160 72 6.2% 4,455 209 4
Slide 18: Business Segment Wise - Quarterly Trend
Business Segment Wise - Quarterly Trend Industrial Products Industrial Infra 1,400 160 1,600 100 1,200 140 1,400 Value in Rs. crore Value in Rs. crore 120 1,200 80 1,000 800 100 1,000 60 PBIT PBIT 80 800 600 60 40 600 400 40 400 200 20 20 200 - - - - Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 F
Slide 19: Domestic – Export Business Performance
Domestic – Export Business Performance FY 2022-23 YTD Mar FY 2023-24 Q4, FY 2023-24 201 483 47 126 168 Chemical Chemical Chemical 475 - - Order 432 1,027 - Green Solutions 241 Green Solutions 3 Book Green Solutions 195 3,373 3,667 Industrial Infra Industrial Infra 45 Industrial Infra 407 3,109 3,309
Slide 20: Industry Outlook
Industry Outlook Input Cost Market Sentiments • No major fluctuations in the commodity costs. Input Costs for all the commodities in the quarter • The PMI was revised lower to 59.1 in March 2024 from were stable. preliminary estimates of 59.2, below forecasts of 59.4, and after a final 56.9 in the p
Slide 21: Thermax Roadshow
THERMAX ROADSHOW Conserving Resources, Preserving the Future 20 Confidential and Internal Purpose only Future Conserving Resources, Preserving the Future.
Slide 22: Thermax has been certified as a Great Place to Work!
Thermax has been certified as a Great Place to Work! The certification, based on responses of Thermax employees, validates our efforts on prioritising employee well-being, growth, and happiness and reaffirms our commitment to create a workplace where everyone feels valued, respected, and empowered t
Slide 23: Conserving Resources, Preserving the Future.
Classification: Confidential Conserving Resources, Preserving the Future. For more information about Thermax: Contact Us Thermax Limited Thermax House 14, Mumbai - Pune Road, Wakdewadi, Pune - 411 003, India www.thermaxglobal.com