Genus Power Infrastructures Limited · NSE:GENUSPOWER
Genus Power Infrastructures — Q2 FY22 Earnings Presentation
42 slides from Genus Power Infrastructures's earnings presentation, October 2021
Slide 1: Genus Power Infrastructures Limited Corporate Presentation October 2021
Genus Power Infrastructures Limited October 2021 Corporate Presentation 1
Slide 2: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), by Genus Power Infrastructures Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and s
Slide 3: Q2 FY22: Performance Highlights
Q2 FY22: Performance Highlights Key Highlights Revenue (Rs. Crores) EBITDA (Rs. Crores) Revenue for Q2Y22 was impacted as operations were severely hampered due to acute shortages 165.1 177.8 34.4 of semi-conductors since the month of June 2021 14.5 Higher raw material prices and lack of operating le
Slide 4: Business Restructuring
Business Restructuring STEP 1: Genus Prime Infra Limited Post Amalgamation subsidiary companies Amalgamation of will cease to exist subsidiary companies with Genus Prime Amalgamated Genus Prime Infra Limited Sansar Infrastructure Pvt. Ltd, Star Vanijya Pvt. Ltd and Sunima Trading Pvt. ✓ No considera
Slide 5: Strengthening of Board of Directors
Strengthening of Board of Directors Mr. Subhash Chandra Garg (Independent Director) ▪ He was an IAS officer from the 1983 batch in Rajasthan cadre. He has served as Economic Affairs Secretary (July 2017-July 2019) and Finance Secretary of India in the Ministry of Finance and as Secretary, Ministry o
Slide 6: Performance Highlights For Last Few Quarters
Performance Highlights For Last Few Quarters Healthy Performance 301.5 285.8 292.1 268.6 275.4 268.0 248.3 238.6 223.4 200.2 190.7 182.8 177.8 166.2 165.1 168.8 130.4 84.0 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY18 Q1 FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q
Slide 7: Strong Order Book
Strong Order Book We upgrade our technology and product Order Book (Rs. Crores) offering at regular interval backed by continuous R&D +16% 1,498 1,276 Strong Demand for various types of Meter 943 931 across State Electricity Boards & Private 882 685 Players 386 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar
Slide 8: Management Commentary
Management Commentary “Due to COVID-19, the meter installation programme across all state electricity boards (SEBs) had got delayed. However, just as we were expecting significant pick up in execution, acute shortage of semi-conductors globally has severely dampened the operational effectiveness of
Slide 9: Standalone Profit & Loss Statement
3 Standalone Profit & Loss Statement Particulars (Rs. Crores) Q2FY22 Q2FY21 YoY H1FY22 H1FY21 YoY Total Revenue 177.8 165.1 7.7% 308.2 249.1 23.7% Cost of Material Consumed 115.1 92.1 194.9 146.1 Employee Expenses 26.1 20.8 51.9 41.5 Other Expenses 22.1 17.9 41.7 28.9 EBITDA 14.5 34.4 -57.7% 19.6 32
Slide 10: Standalone Balance Sheet
3 Standalone Balance Sheet ASSETS (Rs. Crores) Sep-21 Mar-21 EQUITY AND LIABILITIES(Rs. Crores) Sep-21 Mar-21 Non-current assets Equity Property, plant and equipment 139.9 146.0 Equity share capital 25.8 25.7 Capital work-in-progress 1.9 0.08 Other equity 906.9 908.8 Right of Use Assets 15.5 15.01 T
Slide 11: Business Overview
Genus energizing lives Business Overview
Slide 12: Power Sector Leadership
Power Sector Leadership Largest player in India’s electricity meter industry Incorporated in 1992, Part of $400 mn Kailash Group ~27% market share in Meter Industry Over 2 decades of experience in electricity metering solutions ~70% market share in Smart Meters industry Share of Metering Projects in
Slide 13: Journey So Far
Journey So Far ▪ Production of ▪ Deployed Smart ▪ India's First Narrowband ▪ AMR / Pre- Metering Solution at - IOT setup for AMI with Electronic Energy payment Meter/ Shapur (Junagarh) Vodafone Idea Meters DT Meter launched PGVCL – India’s First ▪ Among the Top 10 ▪ Established Single ▪ Ventured int
Slide 14: Journey So Far
Journey So Far Meter Installed Till 2003 Till 2006 Till 2010 Till 2014 Till 2018 Till 2021* 2,500,000 5,000,000 10,000,000 30,000,000 50,000,000 65,000,000 14 *As on 31st March 2021
Slide 15: Experienced Management Team
Experienced Management Team Mr. Ishwar Chand Agarwal Executive Chairman Mr. Kailash Chandra Mr. Rajendra Kumar Agarwal Mr. Jitendra Kumar Agarwal Agarwal Joint Managing Director Vice-Chairman, Non-Executive, Managing Director and CEO Non-Independent Dr. Keith Mario Torpy Mr. Subhash Chandra Garg Non
Slide 16: Pillars of Competitive Edge
Pillars of Competitive Edge Infrastructure R&D Certifications Workforce CAD, YOUR TEXT Dies and MoldHERE designs, In-house PUT TEXTR&D HERE Centre, CMMI YOURlevel TEXT 3 Company HERE Armed with long-term, PUT TEXT HERE Molding, Automated SMT recognised by Ministry of Accredited with - ISI, KEMA, hig
Slide 17: Business Verticals
Business Verticals SMART METERING SOLUTIONS Offers a wide spectrum of Smart Metering Solutions, that includes High End Multifunction Single Phase and Three Phase Meters, CT Operated Meters & HES (Head End System), ABT & Grid Meters, Distribution Transformer (DT Meters), Pre-payment Meters, Group Met
Slide 18: End to End Energy Management Solutions
End to End Energy Management Solutions Meters from Generation to Consumption 18
Slide 19: Diversified Product – Market Mix
Diversified Product – Market Mix RESIDENTIAL & COMMERCIAL INDUSTRIAL PREPAYMENT SOLUTION Meters with communication LT / HT CT Meter with Integrated Single Phase Prepayment Meter capability Communication Three Phase Prepayment Meter Single / Three Phase Smart Meters with Automatic Power Meters Factor
Slide 20: Diversified Product – Market Mix
Diversified Product – Market Mix DISTRIBUTION TRANSFORMER OPEN ACCESS / GRID CALIBRATION EQUIPMENT Thread Through Metering Grid & Sub-Station Meter (ABT Single Phase Portable Reference Solution for Distribution Complaint) Meter Transformer Three Phase Portable Reference Smart DT Meter with Meter Int
Slide 21: Engineering Construction & Contracts
Engineering Construction & Contracts ECC Division Leveraging on Strength Complements the Metering Business Provides total engineering and More than 20 years of experience in Increased implementation of Smart construction solution from “Concept to Indian Power distribution sector metering solution Co
Slide 22: Balanced Client Mix
Balanced Client Mix SEB’s registered under UDAY schemes are the major revenue contributors 22
Slide 23: Manufacturing Assets at Glance
Manufacturing Assets at Glance R&D Centre and Corporate Office, Sitapura, Jaipur Ramchandrapura, Jaipur Haridwar, Uttaranchal Haridwar, Uttaranchal Guwahati, Assam Total Installed capacity of over 10 million meters per annum 23
Slide 24: Quality Assurance
Quality Assurance Quality is the hallmark of Genus products and services Comprehensive testing is carried out at various stages of product manufacturing starting from incoming raw material/components to in-process stages and to the final finished and packed product In-House NABL Accredited Electroni
Slide 25: Quality Certifications
Quality Certifications CMMI Level 3 STS certification Bureau Veritas National Accreditation Board for QSI Certification Company Testing and Calibration Laboratories KEMA Certification R&D Lab recognized by MSD, GOI Silver Certificate by Frost & Sullivan IEC Certifications ZigBee Certification STQC C
Slide 26: Infrastructure & Testing Capabilities
Infrastructure & Testing Capabilities Integrated Manufacturing Facilities 01 In-house Technology product since inception 02 Clean room PCB Assemblies Truly “Made in India” Automated SMT Lines 03 04 Reflow and wave soldering • Quality Assurance Lean Production Line 05 • Innovation & R&D • In-House NA
Slide 27: Key Awards Received
Key Awards Received 2004: 2011: 2013: Rated among top 100 Electronic Outstanding performance award by The prestigious EFY Reader’s choice top 5 companies in India by EFY NDPL towards AT&C loss reduction brands 2015: 2015: Accorded Excellence in Quality by “Silver Certificate of Merit” by Frost & Gol
Slide 28: Business Outlook
Genus energizing lives Business Outlook
Slide 29: AT&C Losses in India are Three Times the Deficit
AT&C Losses in India are Three Times the Deficit ▪ AT&C Loss = (Energy input – Energy billed) * 100 / Energy input ▪ At present, India loses around 30% of its power generated due to transmission, distribution, billing generation and collection inefficiencies ▪ Theft is the one of the main causes of
Slide 30: Reforms-Based, Result-Linked Power Distribution Sector Scheme
Reforms-Based, Result-Linked Power Distribution Sector Scheme Government has approved Rs. 3.03 trillion power distribution company (DISCOM) reform scheme. About half of the total funds of the scheme i.e. about Rs. 1.5 trillion 01 are to be deployed for installation of smart meters Scheme aims to bri
Slide 31: Stringent Qualification Criteria & State-specific Interventions
Stringent Qualification Criteria & State-specific Interventions Tripartite Agreements Different from Qualification Criteria State-wise Evaluation Fund Disbursement Earlier Schemes DISCOMs would need Implementation of the approvals from their state To qualify for the scheme, Evaluation framework for
Slide 32: IntelliSmart Infrastructure Private (IntelliSmart)
IntelliSmart Infrastructure Private (IntelliSmart) 1 EESL, along with the National Investment and So, these smart meters become an 4 Infrastructure Fund (NIIF), has formed a JV − instrument of pay as you save. Under this IntelliSmart Infrastructure Private (IntelliSmart) model the DISCOMs are not in
Slide 33: Metering Opportunity
Metering Opportunity METERING OPPORTUNITY India has 250 million legacy meters There are plans to install up to 130 million smart meters As per the, notification by power ministry, dated 8th by 2021 September 2016 : Mandatory rollout of Smart Meters, for consumers GOVERNMENT INVESTMENT with monthly c
Slide 34: Smart Meter is the Future
Smart Meter is the Future Latching Switch Smart meters will have a kill switch which will close off the utility supply. What are Smart Meters ? The kill switch will be operated via Internet. This will give power to utility providers to start and stop the supply at the click of a button Smart meters
Slide 35: Geared to Ride the Growth Wave
Geared to Ride the Growth Wave Market leaders in metering business National and International Extensive Management Recognition and certifications Experience Integrated manufacturing facility/ largest installation base Strong Pre - qualification Credentials In-house R&D Centre Long Lasting Relationsh
Slide 36: Financial Performance
Genus energizing lives Financial Performance
Slide 37: Financial Highlights
Financial Highlights Revenue (Rs. Crore) EBITDA (Rs. Crore) 1,056 1,060 173 835 128 642 609 102 87 93 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 PAT (Rs. Crore) Cash PAT (Rs. Crore) 94 116 72 92 58 73 69 74 52 51 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 Standalone Results As per IND-
Slide 38: Standalone Profit & Loss Statement
3 Standalone Profit & Loss Statement Particulars (Rs. Crores) FY21 FY20 YoY Total Revenue 608.6 1,060.4 -42.6% Cost of Material Consumed 350.2 664.0 Employee Expenses 87.8 108.7 Other Expenses 68.6 114.9 EBITDA 101.9 172.7 -41.0% EBITDA (%) 16.7% 16.3% Other Income 26.7 19.1 Depreciation 21.8 22.2 E
Slide 39: Standalone Balance Sheet
3 Standalone Balance Sheet ASSETS (Rs. Crores) Mar-21 Mar-20 EQUITY AND LIABILITIES(Rs. Crores) Mar-21 Mar-20 Non-current assets Equity Property, plant and equipment 146.0 156.2 Equity share capital 25.7 25.7 Capital work-in-progress 0.1 0.8 Other equity 908.8 859.5 Right of Use Assets 15.0 15.8 Tot
Slide 40: Consolidated Profit & Loss Statement
3 Consolidated Profit & Loss Statement Particulars (Rs. Crores) FY21 FY20 Y-o-Y Total Revenue 608.6 1,060.4 -43% Cost of Material Consumed 350.2 664.0 Employee Expenses 87.8 108.7 Other Expenses 68.6 132.1 EBITDA 101.9 155.5 -34% EBITDA (%) 16.7% 14.7% Other Income 45.3 16.1 Depreciation 21.8 22.2 E
Slide 41: Consolidated Balance Sheet
3 Consolidated Balance Sheet ASSETS (Rs. Crores) Mar-21 Mar-20 EQUITY AND LIABILITIES(Rs. Crores) Mar-21 Mar-20 Non-current assets Equity Property, plant and equipment 146.0 156.2 Equity share capital 23.0 23.0 Capital work-in-progress 0.1 0.8 Other equity 881.6 814.9 Right of Use Assets 15.0 15.8 T
Slide 42: Genus Power Infrastructures Limited – Contact
Genus Power Infrastructures Limited CIN: L51909UP1992PLC051997 Mr. Ankit Jhanjhari ankit.jhanjhari@genus.in www.genuspower.com Strategic Growth Advisors Pvt. Limited CIN: U74140MH2010PTC204285 Mr. Shogun Jain / Mr. Parin Narichania shogun.jain@sgapl.net / parin.n@sgapl.net www.sgapl.net 42
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