Tube Investments Of India Limited · NSE:TIINDIA
Tube Investments Of India — Q3 FY24 Earnings Presentation
59 slides from Tube Investments Of India's earnings presentation, Feb 1, 2024
Slide 1: Tube Investments of India Limited Corporate Presentation Q3 FY24
TUBE INVESTMENTS OF INDIA LIMITED Corporate Presentation Q3 FY 24
Slide 2: Disclaimer
Disclaimer Certain statements made in this presentation may not be based on historical information or facts and may be “forward looking statements,” including those relating to general business plans and strategy of Murugappa Group and Group Companies, future outlook and growth prospects, and future
Slide 3: Group Overview
Group Overview |
Slide 4: Group Companies – Listed & Unlisted
Group Companies – Listed & Unlisted Agriculture Engineering CG Power Financial Services TI Clean IPL Tech Mobility Pvt Ltd Jayem Electric Vehicles TI Volt Others
Slide 5: Other Group Companies & JVs
Other Group Companies & JVs Volzhsky Abrasive Works X2 fuels MoShine Electronics Pvt Ltd
Slide 6: The Philosophy We Cherish
The Philosophy We Cherish @ G roup “The fundamental principle of economic activity is that Philosophy | wiriss then you shallnow - An excerpt from
Slide 7: About TII
About TII
Slide 8: TII in Nutshell
TII in Nutshell o Largest manufacturer of cold drawn welded steel tubes in India Tube Products of India TI Cycles of India Industrial Chains (TICI) o Market leader of transmission chains (TPI) (IC) in India & 2nd largest manufacturer of cycles transmission chains in India o 35+ Manufacturing locatio
Slide 9: Market Capitalisation
Market Capitalisation INR Crores CAGR 68,434 +64% 49,173 31,258 22,984 4,171 7,189 5,148 Mar’18 Mar’19 Mar’20 Mar’21 Mar’22 Mar’23 Dec’23 Share Price as at ₹222 ₹383 ₹274 ₹1,192 ₹1,620 ₹2,547 ₹3,541 period end
Slide 10: Shareholding Pattern
Shareholding Pattern As of 31st Dec’23 Others 16% Mutual funds/AIF 10% Promoter & 45% Promoter Group 29% FII Promoter Shareholding of 45% includes Ambadi Investment Limited 35% and Others 10%
Slide 11: TII Performance Trends
TII Performance Trends INR Crores Revenue Profit Before Tax (before exceptional items) 5,286 6,359 7,236 5,648 928 4,571 4,276 4,256 628 652 371 421 381 218 FY18 FY19 FY20 FY21 FY22 FY 23 YTD FY18 FY19 FY20 FY21 FY22 FY 23 YTD Dec 23 Dec 23 FCF & FCF/PAT% ROIC% (pre-tax) 195% 70% 87% 97% 91% 43% 56%
Slide 12: TII Standalone Performance
TII Standalone Performance INR Crores Revenue PBT & PBT% (before exceptional items) 11.2% 11.1% 11.5% 10.7% 5,573 5,648 598 652 1,710 1,898 192 210 Q3 FY23 Q3 FY24 YTD Dec 22 YTD Dec 23 Q3 FY23 Q3 FY24 YTD Dec 22 YTD Dec 23 FCF & FCF/PAT% ROIC% (pre-tax) 83% 90% 56% 42% 373 53 54 56 58 272 115 66 Q3
Slide 13: Business Segments
Business Segments Metal Formed Products Engineering Business TI Metal Forming is pioneer in Sheet Metal Formed Products, Fine Blanked Tube Products of India (TPI) - Most Components, Industrial Chains, Motor preferred supplier of precision tubes, Casings, etc. ERW and CDW to major automotive companie
Slide 14: Engineering Division
❑ One of the World’s Largest manufacturer of Cold Drawn Welded Precision Tubes ❑ One of the leading precision tube manufacturer for Engineering the automotive industries Division ❑ Specially designed tubes for the hydraulic and pneumatic applications ❑ Precisely develop products based on the needs o
Slide 15: Products, Location & Strengths
Products, Location & Strengths Products Key Strengths Electric Resistant Cold Drawn • Market leader and preferred Indian Welded Tubes Welded Tubes supplier in CDW Tubes. Strengths Products • Major manufacturer with the engineering expertise to offer customized, application specific Tubular Cold Roll
Slide 16: Glimpse of Customer Awards
Glimpse of Customer Awards Award from M/s Durosox for “Best Supplier Best Overseas supplier award received Raw Material Tubes in QCD” from Kayaba Malaysia Sales Volumes : 1327 MTs in Year 22-23 Sales Volumes : 1811 MTs in Year 2022. Gabriel India Ltd., have given appreciation memento for achieving m
Slide 17: Engineering Division Performance
Engineering Division Performance INR Crores Revenue PBIT & PBIT% 12.4% 12.4% 11.9% 12.5% 3,517 3,645 417 457 1,081 1,229 134 153 Q3 FY23 Q3 FY24 YTD Dec 22 YTD Dec 23 Q3 FY23 Q3 FY24 YTD Dec 22 YTD Dec 23 FCF & FCF/PAT% ROCE% 62% 59% 41% 20% 79 167 69 65 68 125 63 18 Q3 FY23 Q3 FY24 YTD Dec 22 YTD D
Slide 18: Metal Formed Products
—_ NEUNGS. — Metal Formed Products
Slide 19: Metal Formed Products
Metal Formed Products ❑ Specialized in manufacturing Cold roll formed sections and components ❑ Preferred supplier of Auto OEMs in various segments. Leader in manufacturing of car doorframes in India, servicing major OEMs in India. ❑ Has diversified product segments like Auto components (Chains, Kit
Slide 20: Products, Location & Strengths
Products, Location & Strengths Products Key Strengths • Market leader in automotive drive and cam chains. • Preferred supplier for roll formed car Auto Kits (Rombo Auto Chains & Diamond Brand) doorframes in India. Strengths Products • Capability to offer just-in-time service and last mile connectivi
Slide 21: Products
Products Door Frames Side Impact Beams Divisional Channels Cowl Cross Beam Cam Chains After Market Brands Railways Fine Blanked Products
Slide 22: Participation & Appreciation
Participation & Appreciation World Quality Week : M/s Lear Awarded Certificate for Development of Outer ring & KX Latch
Slide 23: Metal Formed Products Division Performance
Metal Formed Products Division Performance INR Crores Revenue PBIT & PBIT% 12.0% 12.0% 12.8% 11.3% 1,077 1,133 129 145 371 392 42 47 Q3 FY23 Q3 FY24 YTD Dec 22 YTD Dec 23 Q2 FY23 Q2 FY24 H1 FY23 H1 FY24 FCF & FCF/PAT% ROCE% 159% 107% 76% 39% 57 59 57 61 90 72 44 12 Q3 FY23 Q3 FY24 YTD Dec 22 YTD Dec
Slide 24: Mobility Division
Mobility Division
Slide 25: Bicycles Business
Bicycles Business ❑ Manufactures a wide range of Bicycles and accessories from Standard to Premium bicycles, including Performance bicycles for the fitness and adventure space o Special bicycles catering to all ages and customer profiles: kids, adolescent boys & girls, urban adults and performance c
Slide 26: Products, Location & Strengths
Products, Location & Strengths Products Key Strengths • Pioneer in Retail format of experiential stores - Track & Trail Urban, Track & Premium Cycles Trail Sport and BSA Strengths Products Hercules Rural outlets. • Omni-channel presence Standards with unified online and in- Specials store experience
Slide 27: Track & Trail Experience
Track & Trail Experience
Slide 28: Glimpse of Brand Award
Glimpse of Brand Award Hercules & BSA won the Super Brands for the year 2023
Slide 29: Mobility Division Performance
Mobility Division Performance INR Crores Revenue PBIT & PBIT% 3.4% 1.1% 22 -1.8% 645 511 2 174 147 -8 -9 -5.4% Q3 FY23 Q3 FY24 YTD Dec 22 YTD Dec 23 Q3 FY23 Q3 FY24 YTD Dec 22 YTD Dec 23 FCF & FCF/PAT% ROCE% 27 22 8 5 -13 -10 -32 -13 Q3 FY23 Q3 FY24 YTD Dec 22 YTD Dec 23 Q3 FY23 Q3 FY24 YTD Dec 22 Y
Slide 30: Others
Others
Slide 31: Industrial Chains
Industrial Chains ❑ Manufacturer of Various classes of Industrial Chains – Roller Chains, Extended pitch chains, Rubber top chains, Hollow pin chains, Leaf chains, Attachment chains, Extended pin chains, Stainless steel chains, Accumulator chains Power transmission and Engineering Class Chains Conve
Slide 32: Others Performance (including Industrial Chains)
Others Performance (including Industrial Chains) INR Crores Revenue PBIT & PBIT% 7.8% 7.2% 6.4% 6.2% 577 604 47 36 166 219 12 14 Q3 FY23 Q3 FY24 YTD Dec 22 YTD Dec 23 Q3 FY23 Q3 FY24 YTD Dec 22 YTD Dec 23 FCF & FCF/PAT% ROCE% 42 39 40 17 8 -15 13 11 Q3 FY23 Q3 FY24 YTD Dec 22 YTD Dec 23 Q3 FY23 Q3 F
Slide 33: Subsidiaries and Associates
Subsidiaries and Associates
Slide 34: TI Clean Mobility Private Limited
TI Clean Mobility Private Limited TI Volt
Slide 35: TI Clean Mobility Private Limited: Product Segment and Funding
TI Clean Mobility Private Limited Product Segment ✓ Electric 3W Auto ✓ Electric Tractors ✓ Electric M & HCV (through its Subsidiary IPLTech Electric Pvt Ltd) ✓ Electric SCV (through its Subsidiary TIVolt Electric Vehicles Pvt Ltd) Funding ✓ TII has invested Rs. 250 Cr. in to TICMPL as Equity and Rs.
Slide 36: Value Proposition for the Consumer
EMOTIONAL VALUE - SUPERIOR PRODUCT DESIGN ATTRACTIVE PRODUCT DESIGN & - CATERGORY FIRST TELEMATICS & UI/UX TECH INNOVATIONS EXPERIENCES - IMPROVED DRIVER / OWNER / PASSENGER VALUE PROPOSITION FOR THE CONSUMER USAGE EXPERIENCES FUNCTIONAL VALUE - CATERGORY FIRST TELEMATICS WITH DRIVER ASSISTANCE SERV
Slide 37: Glimpse of Design Award - Electric 3W
Glimpse of Design Award - Electric 3W Montra Electric has won the prestigious International Red Dot Design Award in the “Design Concept” category held in Singapore. The accolade was bestowed upon Montra Electric for its revolutionary Three Wheeler Super Auto, recognized as an “Innovative Last Mile M
Slide 38: Cellestial – E Tractor
Cellestial — E Tractor INDIA'S 1ST ELECTRIC TRACTOR Cellestial eMobility is India’s first manufacturer of Electric Tractors. Our goal is to revolutionize eMobility in India by producing innovative automobiles that address sustainability and efficiency. Cellestial e-Tractors are cost effective, pollu
Slide 39: IPL Tech Electric Pvt Ltd (IPLT)
IPL Tech Electric Pvt Ltd (IPLT) IPLT is a manufacturer of electric heavy commercial vehicles, which launched India’s first electric truck – RHINO 5536. TI Clean Mobility Pvt Ltd (TICMPL) acquired 65.2% equity and became a subsidiary of TICMPL.
Slide 40: TIVOLT Electric Vehicles Private Limited
TIVOLT ELECTRIC VEHICLES PRIVATE LIMITED • TICMPL, a subsidiary of the TII, on 3rd July 2023 entered into an agreement with Mr. Anand Jayachandran for pursuing electric small commercial vehicle business ("e-SCV') through a subsidiary to be incorporated by TICMPL. • On 25th July 2023, TICMPL has inco
Slide 41: Jayem Automotives
Jayem Automotives • On 24th August 2023, TICMPL acquired 50% stake during the quarter with Primary Investment of Rs. 30 Cr. and Secondary Investment of Rs. 176 Cr. • Jayem is an automotive research & development company engaged in design, development, testing and manufacturing of a wide range of aut
Slide 42: CG Power
CG Power ❑ 85 Years of presence in India ❑ One of top 10 World’s Transformer Manufacturer ❑ #1 motors manufacturer in India ❑ One of the largest manufacturers of Transformers & Switchgears in India
Slide 43: Key Business Verticals
Key Business Verticals POWER INDUSTRIALS Sub-segments Sub-segments Transformers and Drives & Switchgear EPD Railways Motors Stampings Reactors Automation Key Clientele Key Clientele
Slide 44: Railways: Industrials – Products, Peers, Customers
Industrials: Consistently among the top players Products Peers Customers LT Motors ABB, Siemens OEMs of Pumps, Compressors, Gear Box and Construction Motors Large Motors Bhel, ABB Equipment and industries such as power, transmission, oil and gas, cement, metals & mining and in railways transportatio
Slide 45: Switchgears Transformers: Power – Products, Peers, Customers
Power: Consistently among the top players Products Peers Customers EHV Instrument GE, ABB, BHEL Transformers Surge Arresters OBLUM, Lamco ❖Power Grid Corporation of India Limited (PGCIL) Gas Circuit Switchgears GE, Siemens Breakers ❖Nuclear Power Corporation of India Limited (NPCIL) MV Switchgear AB
Slide 46: CG Power – Financials (Standalone)
CG Power –Financials INR Crores Standalone Particulars Q3 FY 23 Q3 FY 24 YTD Dec 22 YTD Dec 23 Revenue 1,645 1,860 4,792 5,526 PBIT 277 282 688 832 Interest 3 1 13 2 PBT (before exceptional) 274 282 675 831 Exceptional Item 51 - 53 142 PBT (after exceptional) 324 282 728 973 PAT 243 216 545 764
Slide 47: CG Power – Financials (Consolidated)
CG Power –Financials INR Crores Consolidated Particulars Q3 FY 23 Q3 FY 24 YTD Dec 22 YTD Dec 23 Revenue 1,753 1,979 5,070 5,854 PBIT 288 265 702 832 Interest 4 1 14 2 PBT (before exceptional) 285 264 688 830 Exceptional Item 31 - 33 28 PBT (after exceptional) 315 264 721 857 PAT before discontinued
Slide 48: Shanthi Gears
Shanthi Gears ❑ Pioneer in gear manufacturing and ranks amongst India’s top gear manufacturers. ❑ Offers a comprehensive range of products and services – cutting edge gear solutions for a wide range of applications and specialized gear reconditioning services ❑ Has been the preferred name for gear a
Slide 49: Gear Business
Helical; Gears & Pinions; Worm Gear Box; Worm Spares; Products for Textiles & Foundry Gear David Brown Bharath Forge; GE; BHEL; Caterpillar, Siemens; TATA; Indian Railways; Business Areva; ELGI; Kone Cranes; Cummins; UniGear; Clean Energy; L&T; Voith etc… 3 manufacturing units in Coimbatore
Slide 50: Products
Products Spur/ Helical Internal Worm and Straight Pinion Shaft Spiral Bevel Gear Gear Wheel Bevel Worm Gearboxes- Adaptable Worm Gearboxes- Standard Worm Gearboxes- Special Helical Gearboxes Bevel Helical Gearboxes
Slide 51: Shanthi Gears Limited Performance
Shanthi Gears Limited Performance INR Crores Revenue PBIT & PBIT% 20.4% 19.1% 19.7% 20.3% 382 78 322 64 115 126 23 24 Q3 FY23 Q3 FY24 YTD Dec 22 YTD Dec 23 Q3 FY23 Q3 FY24 YTD Dec 22 YTD Dec 23 FCF & FCF/PAT% ROIC% 37% 46% 74% 109% 62 58 65 59 53 35 7 8 Q3 FY23 Q3 FY24 YTD Dec 22 YTD Dec 23 Q3 FY23
Slide 52: SEDIS
SEDIS ❑ Specialized in designing chains for transmission, agricultural, lifting, adapted and conveyor. ❑ With more than 500 technical distribution points in France, Sedis currently has the Number One distribution network for French industrial chains.
Slide 53: Moshine Electronics Pvt Ltd (MEPL)
Moshine Electronics Pvt Ltd (MEPL) Moshine Electronics is a manufacturer of camera modules for mobile phones. Tube Investments of India Ltd (TII) acquired 76% equity stake in MEPL and became a subsidiary of TII.
Slide 54: X2 Fuels – Waste to Fuel and Energy
X2 Fuels – Waste to Fuel and Energy • TII acquired 50% stake in X2Fuels and Energy Private Limited (“X2Fuels”), a start-up company engaged in energy/waste management, developing processes to convert waste to liquid/solid fuels. Major Projects • Processing of commercial business complex wastes into b
Slide 55: Medical Business
Medical Business • TI Medical Private Limited (Previously known as LOTUS Surgicals Private Limited) is an established company engaged in the business of manufacturing and supply of medical and surgical consumables. • TII Invested Rs. 233 Cr. to acquire 67% of equity share capital of TI Medical and b
Slide 56: CDMO Business
CDMO Business • TII entered into an agreement with Mr. N Govindarajan (NG) and incorporated a subsidiary named "3xper Innoventure Limited" • Company will engage in Contract Development and Manufacturing Operation (CDMO) and active pharmaceutical ingredients business • TII will be investing Rs. 285 C
Slide 57: Group values: Integrity, Responsibility, Passion, Respect, Quality
‘The light of INSEEGRITY that gives us the courage to always do the right thing The light of ‘The light of RESPONSIBILITY PASZION that gives us the humility to that provides us with think about the world around us the desire to win The light of ‘The light of PRESPECT QUALITY that inspires people whi
Slide 58: Contact us
Contact us Registered Office Tube Investments of India Ltd. 'Chola Crest', C 54 & C 55, Super B-4, Thiru Vi Ka Industrial Estate, Guindy, Chennai - 600 032 Phone: +91 44 42177770-6 www.tiindia.com Email ID S Krithika – Company Secretary KrithikaS@tii.murugappa.com AN Meyyappan – Chief Financial Offi
Slide 59: Thank you
Tube Investments of India — Q3 FY24 Earnings Presentation on 6ix