Blue Star Limited · NSE:BLUESTARCO

Blue Star — Q2 FY20 Earnings Presentation

33 slides from Blue Star's earnings presentation, Nov 20, 2019

  1. Slide 1: Cover letter to stock exchanges

    BLUE STAR :::/~ • PLATINUM ~/ JUBILEE Blue Star Limited Band Box House, 4th Floor, 254 D, Dr Annie Besant Road, Worli, Mumbai 400 030, India. T : +91 22 6654 4000 F : +91 22 6654 4001 www.bluestarindia.com BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza

  2. Slide 2: Investor Presentation – Q2 & H1 FY20

    Blue Star Limited Investor Presentation – Q2 & H1 FY20 November 15, 2019 1

  3. Slide 3: About Blue Star

    About Blue Star • India’s leading air-conditioning, commercial refrigeration company and MEP contracting company • Total Revenue from Operations: ~ Rs. 5200 crores • Employee Strength: ~ 2800 • Network of 32 offices; ~ 3600 channel partners • Presence in 19 international markets in the Middle East,

  4. Slide 4: 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

  5. Slide 5: Governance Structure

    GovernanceStructure Governance Structure Chairmen Emeriti Ashok M Advani Suneel M Advani Board of Directors Shailesh Haribhakti Vir S Advani B Thiagarajan Chairman Vice Chairman & Managing Director Managing Director Sam Balsara Rumjhum Chatterjee Anil Harish Arvind K Singhal Rajiv R Lulla Sunaina Mu

  6. Slide 6: Business Segments

    Business Segments 5

  7. Slide 7: Segment I: Electro-Mechanical Projects and Commercial Air Conditioning Systems

    Segment I Electro-Mechanical Projects and Commercial Air Conditioning Systems 6

  8. Slide 8: Electro-Mechanical Projects

    Electro-Mechanical Projects • Design, engineering and execution of MEP projects in buildings, factories and infrastructure (Metros & Airports) segments • Large central air conditioning & ventilation projects • Electrical projects • Plumbing projects • Fire-fighting projects • Mechanical EPC projects

  9. Slide 9: Commercial Air Conditioning Systems

    Commercial Air Conditioning Systems • Complete range of energy-efficient Packaged and Ducted split air conditioners • Innovative new generation Inverter ducted system • VRF V Plus, the fifth generation VRF which is 100% Inverter with higher efficiency • VRF IV S, Side Discharge system for Residentia

  10. Slide 10: Commercial Air Conditioning Systems

    Commercial Air Conditioning Systems • Highly efficient 5 Star rated Configured Oil Free chillers • Mix and Match Configured Series- Air Cooled and Water Cooled Screw chillers • Energy-efficient 3 Star Inverter scroll chillers • Process chillers for industrial and non-comfort cooling applications • W

  11. Slide 11: After Sales Service

    After Sales Service • India’s largest air conditioning and refrigeration service provider • Maintaining around 2 million tonnes of air conditioning and refrigeration equipment • Reach to more than 4000 towns handling > 1.2 million service calls a year • Runs an excellence programme titled “Gold Stan

  12. Slide 12: International Business

    International Business • Headquartered and managed by the Company’s wholly owned subsidiary at Dubai. • Offers Air Conditioning and Refrigeration products, after-sales service as well as system integration in global markets. • Product portfolio includes Unitary products, DX Commercial, refrigeration

  13. Slide 13: Market Opportunity

    Market Opportunity  HVAC market in India is forecast to reach US$ 5.9 billion by 2024.  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 would se

  14. Slide 14: Some of our prestigious projects

    Some of our prestigious projects Bangalore Metro GIFT City Tata Power - HT Substation Tata Steel 13 Chhatrapati Shivaji International Airport-T2 Parliament House

  15. Slide 15: Some of our prestigious international projects

    Some of our prestigious international projects China Centre, Seeb, Oman Al Dafna West Bay, Doha Kuala Lumpur Grand Hyatt , Malaysia Polonnaruwa Auditorium, Sri lSanka Qatar University, Qatar Lexus Car Show room,DFC,Dubai

  16. Slide 16: Segment II: Unitary Products

    Segment II Unitary Products 15

  17. Slide 17: Room Air Conditioners

    Room Air Conditioners • Installed base of over two million units. • Products available in 4800 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 lo

  18. Slide 18: Low penetrated market offers immense opportunity for growth

    Low penetrated market and growing middle class purchasing power offer immense opportunity for growth… Market Size (Units in millions) – FY 19 Penetration % - FY 19 140.0 60.0% 80.0 30.0% 5.5 5.0% Global China India Global China India Future Growth Blue Star Market Share (%) Market Size (Units in mil

  19. 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 – Visi Coolers/Freezers – Storage Water Coolers/Dispensers – Bottled Water Dispe

  20. Slide 20: Water Purifiers

    Water Purifiers • Comprehensive range of stylish value for money as well as premium and differentiated range of RO+UV+UF products across price points from Rs 7,900 to Rs 46,900 • Unique features such as cold and hot water, filter change alerts, aqua taste boosters and electronic dispensing • Availab

  21. Slide 21: Manufacturing Facilities

    Manufacturing Facilities DADRA AHMEDABAD WADA 5 State of the art Automated Factories HP - 2 HP - 1 20

  22. Slide 22: Manufacturing Facilities

    Manufacturing Facilities • Specialise in manufacturing a variety of highly engineered and custom-built products. • Manufacturing footprint of 1 lakh square meter. • Over 300 models manufactured across 25 product lines. • Lean manufacturing and world-class practices. • Wada factory certified ‘Green f

  23. Slide 23: Manufacturing Facilities

    Manufacturing Facilities • Automation of processes using robots , Cobots & Low cost automation • Using Product Life Cycle to improve New product Introduction process • Improved Operators efficiency through Digital Work Instruction, Augmented reality, Auto guided vehicle, Additive manufacturing, Poka

  24. Slide 24: Research & Development

    Research & Development • Department of Scientific & Industrial Research (DSIR) approved R&D facilities • Consistent investment in R&D to enhance company’s product offerings and technical capabilities • Focus on energy efficient and sustainable products and technologies • High level of product develo

  25. Slide 25: Segment III: Professional Electronics & Industrial Systems

    Segment III Professional Electronics & Industrial Systems 24

  26. Slide 26: Professional Electronics & Industrial Systems

    Professional Electronics & Industrial Systems • Managed by the Company’s wholly owned subsidiary, Blue Star Engineering & Electronics Ltd • Lines of Business include: – Healthcare Systems: MRI & CT Scanner – Data Security Solutions: Payment HSM, PKI, Encryption – Infra Security System: Video Surveil

  27. Slide 27: Financial Performance

    Financial Performance 26

  28. Slide 28: Financial Performance – H1FY20

    Financial Performance – H1FY20 Revenue (Rs Cr) EBITDA (Rs Cr) Growth of 11% 2825 2540 195 188 H1FY19 H1FY20 H1FY19 H1FY20 PBT (Before exceptional items) (Rs Cr) Earnings per share (EPS)* (Rs ) 164 11.56 11.92 146 H1FY19 H1FY20 H1FY19 H1FY20 *Not annualized 27

  29. Slide 29: Balance Sheet indicators – H1FY20

    Balance Sheet indicators – H1FY20 Net Borrowing (Rs Cr) Debt / Equity (times) 463 0.6 189 0.2 * H1FY19 H1FY20 H1FY19 H1FY20 Capital Turnover (times) Return on Capital Employed (%) 29% 5.2 4.6 23% H1FY19 H1FY20 H1FY19 H1FY20 28

  30. Slide 30: Segment 1: EMP and Commercial Air-Conditioning systems

    Segment 1: EMP and Commercial Air- Conditioning systems Segment Revenue (Rs Cr) Segment Results (Rs Cr) Growth of 13% 1250 1407 84 78 H1FY19 H1FY20 H1FY19 H1FY20 Capital Employed (Rs Cr) Return on Capital Employed (%) 27% 26% 551 548 H1FY19 H1FY20 H1FY19 H1FY20 Blue Star continued to maintain its do

  31. Slide 31: Segment 1: Orders Booked and Carry forward Orders

    Segment 1: EMP and Commercial Air- Conditioning systems Orders Booked Carry forward Orders (Rs Cr) (Rs Cr) Growth of 32% Growth of 33% 1761 2762 1337 2075 Growth of 11% H1FY19 H1FY20 H1FY19 H1FY20 30

  32. Slide 32: Segment 2: Unitary Products

    Segment 2: Unitary Products Segment Revenue (Rs Cr) Segment Results (Rs. Cr) Growth of 9% Growth of 7% 1284 1174 103 111 H1FY19 H1FY20 H1FY19 H1FY20 Capital Employed (Rs Cr) Return on Capital Employed (%) 495 330 45% 47% H1FY19 H1FY20 H1FY19 H1FY20 31

  33. Slide 33: Thank you

    Thank you 32

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