Thermax Limited. · NSE:THERMAX
Thermax — Q4 FY2020-21 Earnings Presentation
20 slides from Thermax's earnings presentation, May 25, 2021
Slide 1: Regulation 30 cover letter to stock exchanges
May 25, 2021 To The Secretary National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G, PJ Towers, Dalal Street Bandra Kurla Complex, Mumbai: 400 001 Bandra (E) Mumbai – 400 051 Company Scrip Code: 500411 Company Scrip Code: THERMAX EQ Sub: Regulation 30 of SEBI (Listing Obl
Slide 2: Thermax Limited – Analyst Call Q4 FY20-21
Thermax Limited – Analyst Call Q4 FY20-21 Energy | Environment | Chemical Our Vision To be a globally respected high performance organisation offering sustainable solutions in energy and the environment
Slide 3: Disclaimer
Disclaimer This presentation includes forward-looking information and statements including statements concerning the outlook for our businesses. These statements are based on current expectations, estimates and projections about the factors that may affect our future performance, including global ec
Slide 4: Managing resurgence of COVID crisis
Managing resurgence of COVID crisis • More than 600 vaccinated in a two vaccination camp in Pune for 45+ year old employees, workmen, contractors, and families • Supported MCCIA’s ‘Mission Vayu’ to airlift 250 ventilators and 4,000 oxygen concentrators from Singapore for donating to hospitals in the
Slide 5: Thermax Q4 FY2020-21 Results
Thermax Q4 FY2020-21 Results Summary of group’s financial performance Q4/2020-21 Q4/2020-21 vs (in crore) Q4/2019-20 (%) Operating Revenue 1,575 + 19% Profit Before Tax and 140 + 137% exceptional item (PBT) Better performance in Q4 FY21 Profit After Tax and relative to COVID impacted Q4 FY20 107 + 1
Slide 6: Q4 - Order Book Status
Q4 - Order Book Status Others 7% Chemical Paper/Rubber /Wood 3% 20% • Strong order book in Q4 at Rs. 1,497 crore Pharma (Rs. 952 crore) aided by broad based 3% industrial recovery Sugar / Distillery 5% • Energy segment saw improved order Power booking at Rs 1,173 crore with increased 6% thrust on su
Slide 7: Business Highlights – Energy Segment
Business Highlights Energy Segment • Large boilers and heater business (TBWES) booked 100% green order for the second consecutive quarter • Strong quarter for the Green steam supply to a tyre major under the packaged boiler business 15 MW waste heat recovery power plant for a steel major in eastern
Slide 8: Business Highlights – Environment Segment
Business Highlights Environment Segment • First-of-a-kind order from a leading refinery in India for a specialised resin-based unit for improving the performance of existing cycle-water treatment units in mono-ethylene glycol (MEG) plant • Focus on desalination, installed a 2 MLD seawater desalinati
Slide 9: Business Highlights – Chemical Segment
Business Highlights Chemical Segment • Chemical segment continued its strong performance with a 22% growth in PBIT vis-à-vis Q4 FY20 • Specialty resins saw a growth of 25.4% in Q4 and 62.8% annually, owing to strong demand from USA and Europe markets. • Bagged new and repeat orders from Indian metal
Slide 10: Technology Update – Waste to Energy
Technology Update Waste to Energy Thermax Babcock & Wilcox Energy Solutions Private Limited (TBWES), a wholly-owned subsidiary of Thermax, signed a know-how transfer and license agreement with German-based Steinmüller Babcock Environment GmbH (SBE) for Waste to Energy technology As a part of the
Slide 11: Technology Update – Solar
Technology Update Solar Thermax has announced an agreement with Power Roll, a developer of unique, low-cost and lightweight flexible solar film, to develop the market for solar films in India Both the companies to jointly assess the market potential for scale manufacturing and its deployment in
Slide 12: Technology Updates – Fuel Cell
Technology Updates Fuel Cell • Thermax partnered with Defence Research & Development Organisation (DRDO) in developing homegrown Air Independent Propulsion (AIP) system for the Indian Navy’s Scorpene class submarines • A crucial milestone of the programme was the demonstration of a land-based protot
Slide 13: Awards & Accolades
Awards & Accolades Thermax was recognised with the ‘Special Jury Citation’ award at the Thermax received two national level awards from the 7th edition of The India Risk Management Awards, conducted by Confederation of Indian Industry (CII) for showcasing best CNBC-TV18. Thermax bagged the award for
Slide 14: Consolidated Performance Summary by Segment
Consolidated Performance Summary by Segment Order Booking Order Balance Segment YOY% YTD MAR YOY% Q4, 2021 Change 2021 Change Energy 1,173 71% 3,717 5% Environment 204 22% 1,431 -11% Chemical 120 20% 79 -1% Total 1,497 57% 5,227 -0.2% The order booking across segments have exceeded pre-COVID levels.
Slide 15: Consolidated Performance Indicators
Consolidated Performance Indicators Q3, 2021 Performance Indicator Q4, 2021 Q4, 2020 YTD MAR 21 YTD MAR 20 1,565 Order Booking 1,497 952 4,783 5,498 5,208 Order Balance 5,227 5,238 5,227 5,238 1,411 Revenue 1,575 1,323 4,791 5,731 141 Profit Before Tax and Exceptional ( PBT) 140 59 328 375 10.0% PBT
Slide 16: Consolidated Segment Performance
Consolidated Segment Performance* For Q4, 2021 For Q4, 2020 YTD MAR 21 YTD MAR 20 Segments Revenue PBIT PBIT% Revenue PBIT PBIT% Revenue PBIT PBIT% Revenue PBIT PBIT% Energy 1,175 109 9.3% 1,051 32 3.1% 3,627 218 6.0% 4,677 249 5.3% Environment 302 20 6.6% 199 16 8.2% 794 38 4.7% 722 38 5.3% Chemica
Slide 17: Quarterly Trend - Consolidated
Quarterly Trend - Consolidated Energy Environment OB RR PBT OB RR PBT 800 35 2,000 160 700 30 1,800 140 25 Value in Rs. Crore Value in Rs. Crore 1,600 120 600 20 1,400 100 500 15 1,200 80 PBT 400 10 PBT 1,000 60 800 40 300 5 600 20 - 200 400 - -5 200 -20 100 -10 - -40 - -15 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q
Slide 18: Domestic – Export Business Performance
Domestic – Export Business Performance FY2019-20 YTD MAR FY2020-21 Q4 FY2020-21 Energy Energy 922 251 2,132 1,148 Energy 2,693 1,030 Order 25 Environment 179 Book Environment 1,695 82 Environment 555 80 Chemical 76 Chemical 252 Chemical 240 44 172 201 Energy 3,025 1,652 Energy 2,259 1,369 Energy 824
Slide 19: Environment and Industry Outlook
Environment and Industry Outlook • Relapse of COVID-19 cases in India and • Commodity costs are on increasing trend South-East Asia is posing risks • Steel price increase continues unabated • Post the impact of the pandemic, US, UK Global and Europe markets are expected to grow Pandemic Input Cost •
Slide 20: Thank You
Thank You