Triveni Turbine Limited · NSE:TRITURBINE
Triveni Turbine — Q4 FY25 Earnings Presentation
52 slides from Triveni Turbine's earnings presentation, May 10, 2025
Slide 1: Cover letter to stock exchanges
By E-filing REF: TTL: SE: 05/04 Date: May 10, 2025 BSE Limited National Stock Exchange of India P.J. Tower, Limited Dalal Street, Fort, Exchange Plaza, Mumbai - 400 001 Bandra-Kurla Complex, Bandra (E), Thru: BSE Listing Centre Mumbai - 400 051 Thru: NEAPS STOCK CODE: 533655 STOCK CODE: TRITURBINE D
Slide 2: Key Highlights for FY 25
Registered office: A-44, Hosiery Complex, Phase-II, NOIDA 201 305, Uttar Pradesh Corporate office: Express Trade Towers, 8th floor, Plot No.- 15-16, Sector 16A, Noida 201301 Manufacturing Facility: 12A, Peenya Industrial Area, Peenya, Bengaluru 560 058 CIN : L29110UP1995PLC041834 Key Highlights for
Slide 3: Chairman's commentary on financial performance
Commenting on the Company’s financial performance and recent developments, Mr. Dhruv M. Sawhney, Chairman and Managing Director, Triveni Turbine Limited, said: “In FY 25, Triveni Turbines sustained its strong track record of outstanding financial performance and surpassed previous highs of annual re
Slide 4: Performance Review
Our strategic initiatives are underpinned by a robust culture of innovation, customer centricity, operational excellence, safety, and quality assurance. This lays a solid foundation for Triveni Turbines for future opportunities and sustained value creation for all stakeholders.” PERFORMANCE REVIEW T
Slide 5: CO2 energy storage project
Power Plant (STPP) premises. The greenfield development will be undertaken by Triveni Turbines for a consideration of approx. ₹ 2.9 billion. The Company is partnering with an international technology provider to undertake the scope of work which involves design, engineering, fabrication, erection, c
Slide 6: Product and aftermarket segments and outlook
• On the Product side, order booking for the segment increased by 38% y-o-y to ₹ 17.4 billion. The product segment turnover was ₹ 13.6 billion during the year, an increase of 22% over previous year. • Aftermarket segment registered order booking of ₹ 6.2 billion during FY 25 which was largely flat o
Slide 7: Summary of Consolidated Order book
Summary of Consolidated Order book (All figures in ₹ million, unless otherwise mentioned) Particulars Q4 FY 25 Q4 FY 24 % Var FY 25 FY 24 % Var Opening Order Book Domestic 6,351 8,137 -22% 7,518 7,789 -3% Exports 11,842 7,617 55% 8,007 5,493 46% TOTAL 18,193 15,754 15% 15,525 13,282 17% Mix of Expor
Slide 8: About Triveni Turbine Limited
About Triveni Turbine Limited Triveni Turbine Limited (TTL) is a focused, growing and market-leading corporation having core competency in the area of industrial heat & power solutions and decentralized steam-based renewable turbines up to 100 MW size. The Company is amongst the leading manufacturer
Slide 9: Standalone audited financial results
_,,#' ) TRIVENI TURBINE LIMITED Regd. Office: A-44, Hosiery Complex, Phase II Extension, Naida, U.P. - 201 305 Corp. Office: 8th Floor, Express Trade Towers, 15-16, Sector-16A, Naida, U.P - 201301 CIN . L29110UP1995PLC041834 Statement of standalone audited financial results for quarter and year ende
Slide 10: Statement of standalone assets and liabilities
TRIVENI TURBINE ·LIMITED Statement of standalone assets and liabilities (~in millions As at As at Particulars Mar31,2025 Mar31,2024 Audited Audited ASSETS Non-current assets Property, plant and equipment 2,818 2,641 Capital work-in-progress 14 13 Intangible assets 24 36 Financial assets i.lnvestment
Slide 11: Statement of standalone cash flows
TRIVENI TURBINE LIMITED Statement of standalone cash flows (~ in millions Particulars Year ended Mar31,2025 Mar31,2024 Audited Audited Cash flows from operating activities Profit before tax after exceptional items 4,941 2,837 Adjustments for Depreciation and amortisation expenses 214 199 Gain on sal
Slide 12: Notes to standalone audited financial results
TRIVENI TURBINE LIMITED Notes to the standalone audited financial results for the quarter and year ended March 31, 2025 1 The above standalone financial results have been prepared in accordance with Indian Accounting Standards as prescribed under Section 133 of the Companies Act, 2013 read with the
Slide 13: Consolidated audited financial results
TRIVENI TURBINE LIMITED Regd. Office: A-44, Hosiery Complex, Phase II Extension, Noida, U.P. - 201 305 Corp. Office: 8th Floor, Express Trade Towers, 15-16, Sector-16A, Noida, U.P - 201 301 CIN' L29110UP1995PLC041834 Statement of consolidated audited financial results for the quarter and year ended
Slide 14: Statement of consolidated assets and liabilities
TRIVENI TURBINE LIMITED Statement of consolidated assets and liabilities (~ in millions As at As at Particulars Mar31,2025 Mar31,2024 Audited Audited ASSETS Non-current assets Property, plant and equipment 3,165 2,748 Capital work-in-progress 193 14 Goodwill 36 34 Other Intangible assets 30 45 Inves
Slide 15: Statement of consolidated cash flows
1 TRIVENI TURBINE LIMITED Statement of consolidated cash flows (~in millions Particulars Year ended Mar31,2025 Mar 31, 2024 Audited Audited Cash flows from operating activities Profit before tax 4,885 3,576 Adjustments for Share of net loss of joint venture accounted for using the equity method (1)
Slide 16: Notes to consolidated audited financial results
TRIVENI TURBINE LIMITED Notes to the consolidated audited financial results for the quarter and year ended March 31, 2025 1 The above consolidated financial results have been prepared in accordance with Indian Accounting Standards as prescribed under Section 133 of the Companies Act, 2013 read with
Slide 17: Imagine. Innovate. Inspire - Q4 / FY May 2025
Imagine. Innovate. Inspire Investor Presentation Q4 / FY 25 May 2025
Slide 18: Contents
Contents Description Page Number Triveni Turbines At A Glance 3 Market Overview 4 Company Overview 10 Financial Performance Highlights 23 Shareholding Pattern 32 Investor Relations Contact 34 2
Slide 19: Triveni Turbines at a Glance
Triveni Turbines at a Glance One of the leading manufacturers of decentralised Top 2 globally in industrial steam turbines steam-based renewable turbines globally 50+ years of designing, manufacturing 1000+ Employee Strength, >20% & supplying industrial steam turbines Employee Addition in last two y
Slide 20: Market Overview
Market Overview
Slide 21: Global Final Energy Consumption is led by Heating and Cooling Applications
Global Final Energy Consumption is led by Heating and Cooling Applications Thermal energy uses, which include space and water heating, space cooling, and industrial process heat, represent more than half (51%) of Global Total Final Energy Consumption Source: Renewables 2022 Global Status Report 5
Slide 22: Industry has the Highest Contribution in Global Final Energy Demand
Industry as a Sector has the Highest Contribution in Global Final Energy Demand Final Energy Demand By Sector (EJ) Industry contributed to 114 ~39% of end global energy 80 100 119 122 demand in 2019 120 132 142 151 105 Even in future scenarios, the 31 38 43 45 24 contribution is expected to remain a
Slide 23: Overall Global Steam Turbine Market has been declining
Overall Global Steam Turbine Market has been declining over the years… Overall Global Steam Turbine Market (in GW) The global steam turbine market 160 declined from 134 140 120 108 101 108 GW in 2014 to 100 91 89 81 101 GW in 2024 80 69 66 61 58 60 49 40 a decline of ~1% p.a. yearly 20 during 2014 -
Slide 24: Global Steam Turbine Market <100 MW also declined
Global Steam Turbine Market <100 MW also declined during the last decade Global Steam Turbine Market, Below 100 MW (in GW) Below 100 MW industrial segment where 15.0 Triveni Turbines operates 9.6 has also declined 10.0 8.7 6.9 over a period of 10 years 6.2 7.6 5.0 5.5 0.0 Below 100 MW market ex-Chin
Slide 25: Contribution of Thermal Renewable Fuels in <100MW market rising
Contribution of Thermal Renewable Fuels in <100MW market has also been rising Global Steam Turbine Market, Below 100 MW (in %), By Fuel Type - 2014 to 2024 In the <100 MW market, where Triveni 100% 90% operates the growth of thermal renewables 80% 70% has been consistent and strong. 60% 50% 40% The
Slide 26: Company Overview
Company Overview
Slide 27: A Differentiated Product Portfolio For Wide Range Of Applications
A Differentiated Product Portfolio Catering To Wide Range Of Applications Renewable Power Generation Applications Independent Power Producers (IPP) • Biomass • Waste Heat • Waste to Energy Recovery (WHR) (WtE) • Geothermal Up to 100 MW Other Power Generation Applications Condensing Steam Turbines1 •
Slide 28: Sustainable Turbine Solutions for Renewable Energy Space
Providing Sustainable Turbine Solutions for Renewable Energy Space 12
Slide 29: Comprehensive Aftermarket Offerings
Comprehensive Aftermarket Offerings Customer Centric Original Equipment Shorter Lead 24x7 Customer Automation & Quality & Reliability Approach Manufacturer (OEM) Time Service Efficiency Expertise Preventive LTSA/AMC Upgradation High Speed Turnkey Solutions Troubleshooting Maintenance Balancing LTSA:
Slide 30: Driving Growth through Refurbishment Solutions
Driving Growth through Refurbishment Solutions Key Growth Area: Refurbishment OEM expertise with vast knowledge 1 of rotating equipment promoting refurbishment growth 2 Large addressable market globally 3 Access to newer end-user industries and geographies Energy efficiency and return-driven metrics
Slide 31: Our Strategic Priorities
Our Strategic Priorities Innovation-led Global Diversified Market People Significance Focus business Sustained Customer Centric Increasing & Products Proximity to Responsible & Customers Growth Solutions 15
Slide 32: Our Unique Strengths
Our Unique Strengths Innovation capabilities Manufacturing ; and operational Extensive global reach excellence N Yj Proven engineering =S LE Sales and marketing expertise with ———— — ws associated services _E=S efficiency Asset-light model | i\ Expert engineering team Responsible operations and resp
Slide 33: Our Key Growth Drivers
Our Key Growth Drivers Energy Increasing Industrial Global 01 02 03 Transition Energy Demand Market Significance Customer-Centric Innovation & Technological Engineering 04 05 06 Approach Advancements Excellence Focus on 09 Refurbishment 07 Diverse Customer Base Sustainability 08 Solutions and Market
Slide 34: Strong Global Footprint
Strong Global Footprint >80 Countries of Presence 18
Slide 35: Sustainability-led Responsible Growth
Sustainability-led Responsible Growth Renewable fuel Fuel-agnostic solutions sources driving that align with the Product Order decarbonization journey Booking Rising Focused on contribution of Green energy efficiency thermal Manufacturing across products renewable fuels Facilities and solutions in a
Slide 36: Our Core Principles
Our Core Principles Impact Product Quality Innovation & Technology ▪ Aims to make a positive impact to ▪ Best-in-class manufacturing at ▪ Consistent R&D of technology to surpass all our stakeholders two-world class facilities at Peenya customer needs and keeping up with and Sompura in Bengaluru chan
Slide 37: Our Core Principles
Our Core Principles Ethics Strong Relationships Sustainability ▪ Professional and transparent ▪ Customer centricity with focus on ▪ Supports environment sustainability with business practices continuous modernisation, with significant focus on thermal efficiency regular upgrades and efficiency impro
Slide 38: Continued ESG Focus
Continued ESG Focus Environmental Social Governance ▪ Manufacturing Facilities at both Peenya ▪ Board comprises of 9 members which ▪ Educational initiatives such as and Sompura are Green Factories include 5 Non-Executive Independent sponsorship on education and training programmes for Directors (inc
Slide 39: Financial Performance Highlights
Financial Performance Highlights
Slide 40: Strong & Consistently Improving Performance Over the Years
Strong & Consistently Improving Performance Over the Years Revenue From Operations EBITDA and EBITDA Margins PBT and PBT Margins (₹ Million) (₹ Million & %) (₹ Million & %) 25.8% 24.3% 30% p.a. 33% p.a. 34% p.a. 23.7% 23.0% 6,000 30.0% 6,000 30.0% 22.5% 22.2% 21.6% 21.4% 5,177 20.5% 20,058 4,884 19.
Slide 41: Strong & Consistently Improving Performance Over the Years
Strong & Consistently Improving Performance Over the Years PAT and PAT Margins Order Booking (₹ Million & %) (₹ Million) 17.9% 37% p.a. 38% p.a. 23,627 31.7% 4,000 3,586 35.0% 16.3% 3,500 30.0% 18,783 3,000 2,702 15.1% 2,695 16,054 25.0% 14.6% 2,500 11,836 1,929 20.0% 2,000 15.0% 6,431 1,500 1,025 1
Slide 42: Focused on Diversification
Focused on Diversification Share of Domestic and Export Sales (%) Share of Product and Aftermarket Sales (%) 27 27 32 33 33 52 54 54 55 70 73 73 68 67 67 48 46 46 45 30 FY 21 FY 22 FY 23 FY 24 FY 25 FY 21 FY 22 FY 23 FY 24 FY 25 Domestic Exports Aftermarket Product • Focused on enhancing our global
Slide 43: Enhancing Working Capital Management Efficiency
Enhancing Working Capital Management Efficiency Working Capital Inventory Turnover Ratio Assets Turnover Ratio (₹ Million) (x Times) (x Times) 660 5.96 5.86 3.22 2.26 -756 FY 20 FY 25 FY 20 FY 25 FY 20 FY 25 • Sharp focus on effective management and ongoing monitoring has resulted in sustained impro
Slide 44: Optimising Cashflows and Returns
Optimising Cashflows and Returns Investments including Cash Return on Capital Employed Return on Equity (₹ Million) (%) (%) 33% 9,873 40% 32% 25% 1,979 FY 20 FY 25 FY 20 FY 25 FY 20 FY 25 • Our focus on operational efficiency and effectively managing cash aids sustained high cash flow generation and
Slide 45: FY 25: Management Commentary
FY 25: Management Commentary • In FY 25, Triveni Turbines sustained its strong track record of outstanding financial performance and surpassed previous highs of annual revenues, profitability and order booking. Revenue from Operations grew 21% over the previous year to reach record level of ₹ 20.06
Slide 46: Q4 / FY 25: Highest Ever Revenue, EBITDA, PAT
Q4 / FY 25: Highest Ever Revenue, EBITDA, PAT REVENUE EBITDA and EBITDA Margin PAT and PAT Margin (₹ in Million) +31% +36% +24% +33% +21% 6,000 25.8% 30% 20.0% 20,058 5,000 17.6% 17.9% 19.0% 5,000 23.0% 25% 18.0% +17% 16,539 26.1% 5,177 4,000 16.6% 4,000 20% 16.3% 17.0% 23.3% 16.0% 3,810 3,000 3,586
Slide 47: Q4 / FY 25: Record Order Booking and Closing Order Book
Q4 / FY 25: Record Order Booking and Closing Order Book (₹ in Million) Order Booking Closing Order Book +23% +26% 19,094 23,627 18,783 +44% 15,525 6,280 4,351 Q4 FY 24 Q4 FY 25 FY 24 FY 25 Q4 / FY 24 Q4 / FY 25 • Export order booking grew 23% • The export outstanding order book y-o-y to ₹ 12.6 billi
Slide 48: Shareholding Pattern
Shareholding Pattern
Slide 49: Shareholding Pattern
Shareholding Pattern 0.80% 1.32% 3.58% 4.80% 12.52% 10.03% 27.26% 28.01% 55.84% 55.84% 31-Mar-24 31-Mar-25 Promoter Group Foreign Portfolio Investors Mutual Funds + AIF Resident Individuals Others As on March 31, 2025 Foreign Portfolio Investors (FPI) increased holding y-o-y Note: Others comprise of
Slide 50: Investor Relations Contact
Investor Relations Contact
Slide 51: Investor Relations Contact
Investor Relations Contact Surabhi Chandna Visit us: Investor Relations & Value Creation www.triveniturbines.com ir@triveniturbines.com +91 - 120 - 4308000 8th Floor, Express Trade Towers Plot No. 15 & 16, Sector 16-A, Noida – 201 301, India. Some of the statements in this presentation that are not
Slide 52: Thank You
Thank You