Tube Investments Of India Limited · NSE:TIINDIA
Tube Investments Of India — Q1 FY24 Earnings Presentation
56 slides from Tube Investments Of India's earnings presentation, Aug 3, 2023
Slide 1: Tube Investments of India Limited Corporate Presentation
TUBE INVESTMENTS OF INDIA LIMITED Corporate Presentation 03-Aug-2023
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 Others *Unlisted Entities
Slide 5: Other Group Companies & JVs
Other Group Companies & JVs Volzhsky Abrasive Works IPL Tech Electric Moshine Pvt Ltd Electronics TI Clean Pvt Ltd Mobility Pvt Ltd X2 fuels
Slide 6: The Philosophy We Cherish
The Philosophy We Cherish @ G roup “The fundamental principle of economic activity is that Philosophy | 37203°°°3".. - 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 +57% 61,360 49,173 31,258 22,984 4,171 7,189 5,148 Mar’18 Mar’19 Mar’20 Mar’21 Mar’22 Mar’23 Jun’23 Share Price as at ₹222 ₹383 ₹274 ₹1,192 ₹1,620 ₹2,547 ₹3,175 period end
Slide 10: Shareholding Pattern
Shareholding Pattern As of 30th Jun’23 Others 12% Mutual funds/AIF 12% Promoter & 46% Promoter Group 29% FII Promoter Shareholding of 46% includes Ambadi Investment Limited 36% and Others 10%
Slide 11: TII Performance Trends
TII Performance Trends INR Crores Revenue Profit Before Tax (before exceptional items) 5,286 6,359 7,236 928 4,571 4,276 4,256 628 371 421 381 1,780 218 198 FY18 FY19 FY20 FY21 FY22 FY 23 Q1 FY18 FY19 FY20 FY21 FY22 FY 23 Q1 FY 24 FY 24 FCF & FCF/PAT% ROIC% (pre-tax) 195% 87% 97% 91% 70% 66% 43% 608
Slide 12: TII Standalone Performance
TII Standalone Performance INR Crores Revenue PBT & PBT% (before exceptional items) 12% 10% 1,957 1,780 180 198 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 FCF & FCF/PAT% ROIC% (pre-tax) 104% 66% 51 56 139 97 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24
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: Engineering Division Performance
Engineering Division Performance INR Crores Revenue PBIT & PBIT% 12% 9% 1,244 1,142 118 135 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 FCF & FCF/PAT% ROCE% 172% 71 64 7% 138 6 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24
Slide 17: Metal Formed Products
—_ NEUNGS. — Metal Formed Products
Slide 18: 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 19: 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 20: Products
Products Door Frames Side Impact Beams Divisional Channels Cowl Cross Beam Cam Chains After Market Brands Railways Fine Blanked Products
Slide 21: Metal Formed Products Division Performance
Metal Formed Products Division Performance INR Crores Revenue PBIT & PBIT% 13% 11% 335 342 38 44 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 FCF & FCF/PAT% ROCE% 29% 27% 51 56 7 8 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24
Slide 22: Mobility Division
Mobility Division
Slide 23: 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 24: 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 25: Track & Trail Experience
Track & Trail Experience
Slide 26: Glimpse of Customer Awards
Glimpse of Customer Awards Hercules & BSA won the Super Brands for the year 2023
Slide 27: Mobility Division Performance
Mobility Division Performance INR Crores Revenue PBIT & PBIT% 4% 246 1% 187 9 2 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 FCF & FCF/PAT% ROCE% 32 29 -15 9 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24
Slide 28: Others
Others
Slide 29: 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 30: Others Performance (including Industrial Chains)
Others Performance (including Industrial Chains) INR Crores Revenue PBIT & PBIT% 13% 8% 223 24 178 18 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 FCF & FCF/PAT% ROCE% 46 42 -32 19 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24
Slide 31: Subsidiaries and Associates
Subsidiaries and Associates
Slide 32: TI Clean Mobility Private Limited
TI Clean Mobility Private Limited
Slide 33: TI Clean Mobility Private Limited
TI Clean Mobility Private Limited Product Segment ✓ Electric 3W Auto (manufactured by TICMPL) ✓ Electric M & HCV (through its Subsidiary IPLTech Electric Pvt Ltd) ✓ Electric Tractors (through its Subsidiary Cellestial) ✓ Electric SCV (through its Subsidiary TIVolt Electric Vehicles Pvt Ltd) Funding
Slide 34: 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 35: Product Launch
SUPER AUTO nn = MmoOnNTRA SUPER AUTO ¥ SUPER AUTO monTRA (> super at SUPER AUTO
Slide 36: Cellestial
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, pollution free, maintenance
Slide 37: IPLTech Electric Pvt Ltd (IPLT)
IPLTech 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 stake in IPLT on 21st Sept’22. Consequently, IPLT became a subsidiary of TICMPL.
Slide 38: Electric small commercial vehicle business (e-SCV)
Electric small commercial vehicle business ("e-SCV') • 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, TIC
Slide 39: Jayem Automotives
Jayem Automotives • TICMPL on 3rd July 2023 entered into definitive agreements for acquisition of 50% in the equity share capital of M/s. Jayem Automotives Private Limited ("Jayem"), • Jayem is an automotive research & development company engaged in design, development, testing and manufacturing of
Slide 40: 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 ❑ Acquired 58.58% stake (diluted) during Nov’2020
Slide 41: 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 42: Industrials: Consistently among the top players
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 43: Power: Consistently among the top players
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 44: CG Power – Financials
CG Power –Financials INR Crores Standalone Consolidated Particulars Q1 FY 23 Q1 FY 24 Q1 FY 23 Q1 FY 24 Revenue 1,559 1,766 1,643 1,874 PBIT 170 256 172 263 Interest 5 1 5 1 PBT (before exceptional) 165 256 167 263 Exceptional Item 1 0 1 1 PBT (after exceptional) 166 256 168 263 PBT from discontinue
Slide 45: 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 46: 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 47: 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 48: Shanthi Gears Limited Performance
Shanthi Gears Limited Performance INR Crores Revenue PBIT & PBIT% 20% 18% 99 121 24 18 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 FCF & FCF/PAT% ROIC% 130% 190% 54 34 45 17 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24
Slide 49: 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 50: 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 on 23rd Sept’22. Consequently, MEPL became a subsidiary of TII.
Slide 51: 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 52: Medical Business
Medical Business: • Lotus 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 Lotus and balance 33% was acquired by Premji Invest.
Slide 53: 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
Slide 54: 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 55: Contact us
Contact us Registered Office Tube Investments of India Ltd. "Dare House", 2, (Old No. 234), N S C Bose Road, Chennai- 600 001, India. Phone: +91 44 42177770-6 Fax: +91 44 42110404 www.tiindia.com Email ID S Krithika – Company Secretary KrithikaS@tii.murugappa.com AN Meyyappan – Chief Financial Offic
Slide 56: Thank you
Tube Investments of India — Q1 FY24 Earnings Presentation on 6ix