Titagarh Rail Systems Ltd · NSE:TITAGARH
Titagarh Rail Systems — Q1 FY25 Earnings Presentation
29 slides from Titagarh Rail Systems's earnings presentation, August 2024
Slide 1: Investor Presentation | Q1FY25
INVESTOR PRESENTATION | Q1FY25
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Titagarh Rail Systems Limited (TRSL, the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe f
Slide 3: Pioneering Innovation & Precision Engineering for Unparalleled Rail Systems
Pioneering Innovation & Precision Engineering for Unparalleled Rail Systems Titagarh Rail Systems Limited: An 01 Overview 02 Q1 FY25 Financial Snapshot 03 Strong Order Book Position 04 Business Segments 05 JVs and Partnerships 3
Slide 4: About the Company
‘ gle About the Company
Slide 5: Titagarh Rail Systems Limited: An Overview
Titagarh Rail Systems Limited: An Overview TRSL continues to be a Net Debt negative company. 12,000 Wagons per year 1997 4 300 Coaches per year Year of Establishment Manufacturing Facilities Manufacturing Capacity 14,117 Cr- Company Only Indian Company 25-30 % 13,326 Cr- Share from JV Manufacturing
Slide 6: Titagarh Wagons to Titagarh Rail Systems
Titagarh Wagons to Titagarh Rail Systems 1997 2007 2015 2019 2022 2023 2023 2024 Wagon EMU/MEMU for Acquisition of Pune Metro – First Bangalore Metro Surat & Vande Bharat Design Centers in Manufacturing Indian Railways Firema SpA, Italy, & Only (Steel bodied Ahmedabad Sleeper train Kolkata, - Passen
Slide 7: Manufacturing Facilities & Engineering Center
Manufacturing Facilities & Engineering Center 1 Kolkata (India) Titagarh Rail Systems Limited Bangalore (India) 5 Passenger Rail Systems Unit Titagarh Rail Systems Limited Engineering Centre 2 Kolkata (India) Titagarh Rail Systems Limited Chennai (India) 6 Freight Rail Systems Unit 7 Ramkrishna Tita
Slide 8: Q1 FY25 Operational Performance
Q1 FY25 Operational Performance
Slide 9: FY25 - Key Business Updates
FY25 - Key Business Updates BENGALURU METRO TRACTION CONVERTERS • Titagarh Rail Systems Limited (TRSL), the prominent Indian • The Company has commenced the export of traction rolling stock manufacturer has commenced the production of converters, pursuant to which the first batch of 8 converters tra
Slide 10: Q1 FY25 - Key Business Updates
Q1 FY25 - Key Business Updates Freight Rail Systems Passenger Rail Systems 3418 cr 436 cr 61 cr 1017 cr 42 3 842 cr 746 cr 2,700 8,389 78 36 cr 2,073 1,835 12 165 cr 84 18 6 Q1 FY 25 Q4 FY 24 Q1 FY 24 Q1 FY 25 Q4 FY 24 Q1 FY 24 FY 24 Dispatch of Metro Coaches FY 24 Wagons sold during the period Sale
Slide 11: Strong Order Book Position
Strong Order Book Position Receipt of Major New Orders ➢ Received approximately Rs. 350 Crs worth of orders in Q1 FY25 across business segments ➢ This includes Rs. 250 Crs worth of orders for Freight Rolling Stocks & Rs. 100 Crs worth of orders for propulsion system. ➢ As of June ’24 our order book
Slide 12: Q1 FY25 Standalone Profit & Loss Statement
Q1 FY25 Standalone Profit & Loss Statement Particulars (in INR Crs) Q1 FY25 Q1 FY24 Y-o-Y Q4 FY24 Q-o-Q FY24 FY23 Y-o-Y Revenue from Operations 903.1 910.8 -0.8% 1052.4 -14.2% 3,853.3 2,780.5 38.6% Cost of Materials Consumed 689.5 726.7 806.7 2,951.7 2,165.4 Changes in Inventories of Finished Goods
Slide 13: Q1 FY25 Segmental Performance
Q1 FY25 Segmental Performance No.s in Rs. Cr. unless otherwise mentioned Q1 y-o-y Q4 12M y-o-y Particulars FY25 FY24 Growth (%) FY24 FY24 FY23 Growth (%) Revenue 903.1 910.8 -0.8% 1052.4 3853.3 2780.5 38.6% EBITDA 101.8 106.1 -4.1% 120.1 451.9 264.4 70.9% Margin (%) 11.3% 11.7% 11.4% 11.7% 9.5% - Pr
Slide 14: Financial Snapshot (Standalone)
Financial Snapshot (Standalone) Net Revenue Net Revenue EBITDA PBT PAT +187% +39% +71% 94% 296.9 3,853.3 451.9 397.0 2780.5 -4% +5% +5% -1% 264.4 205.1* 103.3 910.8 903.1 106.1 101.8 94.5 67.6 71.3 90.1 FY23 FY24 Q1FY24 Q1FY25 FY23 FY24 Q1FY24 Q1FY25 FY23 FY24 Q1FY24 Q1FY25 FY23 FY24 Q1FY24 Q1FY25 E
Slide 15: Freight Rolling Stock
Freight Rolling Stock
Slide 16: Freight Rail Systems: Manufacturing Excellence for 25+ years
Freight Rail Systems: Manufacturing Excellence for 25+ years o 25+ years in design and manufacturing wagons 12,000 p.a 30,000 MT Liquid Metal for various. Wagon Capacity Installed capacity at two facilities - Titagarh and Uttarpara o Started with a capacity of 150 wagons pa in 1997. o Market leader
Slide 17: Passenger Rolling Stock
Passenger Rolling Stock
Slide 18: Passenger Rail Systems: The Future Of Transportation
Passenger Rail Systems: The Future Of Transportation Expanding Rolling stock Capacity Current Proposed FY27 Proposed FY28 300 p.a 850 p.a 1200 p.a Order Book2 (₹ in cr.) Gross Revenue (₹ in cr.) PBIT (₹ in cr.) 3.0% 3481 Cr 6750 Cr 541 Cr 436 Cr -00 Cr 13 Cr FY21 FY24 FY21 FY24 FY21 FY24 Rolling sto
Slide 19: Strategic Investment & Production Enhancement Plan
Strategic Investment & Production Enhancement Plan Metro and Passenger Coaches • Metro Coaches – Enhanced Phase 1 Phase 2 • Mainline Coaches Phase 3 to 36 cars / month • Metro Coaches – May 24 25 cars / month March 25 (VB) – 25 cars March 27 • Mainline Coaches (VB) - /month Enhanced to 36 cars / mon
Slide 20: Modernisation of Uttarpara Passenger Unit
MODERNISATION of Uttarpara Passenger Unit This unit of Titagarh Rail Systems Ltd. has been fully complied with an Industry 4.0 ready system to increase production using smart technologies. This improved communicating system is self-monitoring that can analyze and diagnose issues without the need for
Slide 21: Testing Facility – PRS Unit
Testing Facility – PRS UNIT Laser tracker measuring device Traction Motor Testing facility Testing Track Gauge Test (Faro vantage) Power module Assembly Shop for Winding shop Export orders of Converters Assembly of Traction Converter VPI Plant with Oven 21
Slide 22: Titagarh – Engineering Plan for Future FY26-27 onwards
Titagarh – Engineering Plan for Future FY26-27 onwards Metro Product Variants Available Under Not yet Grand 22 development developed Total Metro Product Variants 22 7 12 41 12 Carbody + Bogies 3 2 2 7 7 Propulsion - 25kV 9 6 15 Propulsion - 750Vdc 1 5 4 10 1500Vdc 4 4 Available Under To be Developed
Slide 23: Expanding Horizons & Maximizing Opportunities
Expanding Horizons & Maximizing Opportunities JVs and Partnerships 2015 2023 2023 2023 2024 Titagarh and ABB to Alliance with Sidwal Ramkrishna Forgings TRSL made a consortium jointly design, develop and Refrigeration Pvt Ltd (a TRSL acquired Firema and Titagarh Wagons to with BHEL to manufacture IG
Slide 24: Optimizing the Value Chain
Optimizing the Value Chain Backward integration Rail equipment value chain Forward integration • Investment in backward • Expert engineers committed to • Robust industrial manufacturing • Less reliance on third parties integration empowers to position design state of the art and execution capability
Slide 25: Strong Industry Tailwinds
Strong Industry Tailwinds
Slide 26: Indian Railways: 4th Largest Rail Network Globally
INDIAN RAILWAYS: 4th Largest Rail Network Globally FY25 FY28 FY30 • Increase the coverage of • 400 Vande Bharat trains to • Increase share of Railways Metro rail to 27 cities. be added to existing fleet. in freight traffic from 27% to 45%. • Extend Metro rail network by 800 kms to 1700 kms in • Incr
Slide 27: Freight & Passenger Growth Drivers
Freight & Passenger Growth Drivers Annual freight target expected to increase from 1,400m tonnes to 3,000m tonnes by FY27 implying an increase in the wagon fleet from current ~3.0 lakh to ~5.4 lakh by The Government of India aims in launching 400 Vande Bharat train in the next 3-4 FY31. years. India
Slide 28: Opportunity Pipeline
Opportunity Pipeline Expected Tender Sl. No Project Units Value (Rs. Crs.) Timeline August 24 to 1 Metro Coach Contracts ~1000 ~17,900 December 24 Vande Bharat Aluminum 2 ~1600 ~36,000 September 24 Coach 3 Propulsion (315 units) ~220 ~1,000 August 24 to March 25 4 Traction Motors ~700 ~100 August 24
Slide 29: Thank You
Name: Harsh Motika Email: harsh.motika@titagarh.in Phone: +91 7003781561 Website: www.titagarh.in Name: Parth Patel / Prachi Ambre Email: parth.patel@linkintime.co.in / prachi.ambre@linkintime.co.in Phone: +91 98197 85972 / +91 83559 85370 Website: www.orientcap.com Thank You
Titagarh Rail Systems — Q1 FY25 Earnings Presentation on 6ix