Triveni Engineering and Industries Limited · NSE:TRIVENI
Triveni Engineering and Industries — Investor Presentation (August 2011)
34 slides from Triveni Engineering and Industries's investor presentation, August 2011
Slide 1: Corporate Presentation - August 2011
Triveni Engineering & Industries Ltd. Corporate Presentation - August 2011
Slide 2: Triveni – Organization Structure
Triveni – Organization Structure 2 Triveni Triveni Engineering & TEIL holds 21.8% of the equity in TTL Industries Ltd. (TEIL) Triveni Turbine Ltd. (TTL) 50% plus one share GE Triveni Ltd. Engineering Sugar Business Business (JV with GE) Sugar Co-generation Distillery Gears Water & Waste Water
Slide 3: Triveni – Fact Sheet
Triveni – Fact Sheet 3 Two Independent companies – Triveni Engineering & Industries Ltd. Promoter Eminent and (Listed) driven, professionally independent Board Pan India Presence managed company of Directors and Triveni Turbine Ltd. (Under Listing Process)
Slide 4: Triveni Engineering & Industries Ltd. (TEIL)
4 Triveni Engineering & Industries Ltd. (TEIL) Triveni Engineering & Industries Ltd. (TEIL) Engineering Sugar Business Business
Slide 5: Engineering Business
Engineering Business 5 Gears Business Water Business • Largest manufacturer of • A leading player in the High speed gears & high technology water gear boxes in India & waste water business
Slide 6: Engineering Business - Pan India Presence
Engineering Business - Pan India Presence 6 Noida Mysore Corporate Office Manufacturing Facilities Water Treatment Projects
Slide 7: Engineering Business – Revenue Growth
Engineering Business – Revenue Growth 7 3000 2624 2500 2000 1730 ` in millions 1500 1437 1005 1000 588 500 321 0 FY05 FY06 FY07* FY08 FY09 FY10 Revenue FY07* - 12 months period from Oct 06 – Sep 07
Slide 8: Gears Business Group – Business Perspective
Gears Business Group – Business Perspective 8 Triveni is in the business of design, manufacture and marketing of customised gears and gearboxes. State of the art design and manufacturing facility at Mysore. Conforms to international standards such as DIN, API & AGMA - DIN 3 quality assured.
Slide 9: Gears Business Group – Low Speed Gear Technology License Agreement
Gears Business Group – Low Speed Gear Technology License Agreement 9 On 22nd July 2011, the company signed the Technology License Agreement for manufacture of niche engineered-to-order high technology low speed gear applications with Lufkin The agreement envisages transfer of technology for four
Slide 10: Gears Business Group - Financial Performance
Gears Business Group - Financial Performance 10 Past Performance Q3 FY11 v/s Q3 FY10 Performance 1014 35 250 32 1000 CAGR 05 - 10 232 34 33 31 31 200 800 769 30 200 30 733 29 29 PBIT Margins (%) PBIT Margins (%) 605 25 ` in millions 150 ` in millions 600 24 28 450 27 400 345 20 100 26 72 26 239 220
Slide 11: Water Industry – Potential To Grow
Water Industry – Potential To Grow 11 Rising Water Demand to double by 2025 from 2000 levels - Growth potential in coming years in both major segments – Municipal and Industrial Asian development bank & World Bank are actively promoting privatisation and commercialisation of water - through sect
Slide 12: Water Business Group - Business Perspective
Water Business Group - Business Perspective 12 Technology association with world’s leading technology providers for various products, process & solutions such as Ultra filtration (UF), Reverse Osmosis (RO), Moving Bed Bio Reactor (MBBR) etc. One of the widest ranges of products & technologies of
Slide 13: Water Business Group - Financial Performance
Water Business Group - Financial Performance 13 Past Performance Q3 FY11 v/s Q3 FY10 Performance CAGR 05 - 10 1610 401 18 1600 17 400 1500 15 17 1400 16 16 15 1300 307 300 16 1200 14 1100 997 13 PBIT Margins (%) 15 PBIT Margins (%) 1000 ` in millions ` in millions 900 12 800 11 200 14 700 668 13 600
Slide 14: Sugar Business
Sugar Business 14 Sugar Business Co-generation Distillery Business Business • One of the largest • 68 MW of state of single stream • One of the largest the art co-generation molasses based sugar producers in facility; with one 22 distillery in the India – 61000 TCD MW plant having country with a cap
Slide 15: Sugar Industry Overview
Sugar Industry Overview 15 Global: As per the current estimates, Brazil may crush 535 million tonnes which is lower than the earlier estimates by about 40 million tonnes. Due to increasing volume of flexi fuel vehicles and higher oil prices, the utilization mix for sugarcane between sugar and et
Slide 16: Domestic Production & Consumption of Sugar
Domestic Production & Consumption of Sugar 16 (Figures in million tonnes) 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 (Est) Opening Stock as on 1st Oct. 4.0 4.3* 11.0 10.4 4.4 5.0$ Production during the Season 19.3 28.3 26.3 14.5 18.9 24.2 Imports - - - 2.5 4.0** 0 Total Availability 23.3 32.6 3
Slide 17: Sugar – Key Differentiators
Sugar – Key Differentiators 17 • Major facilities located in cane rich areas of Western Uttar Pradesh with more than 80% cane intensity – fertile and irrigated land Deoband Chandanpur (14,000 TCD) (6,000 TCD) • Sugar cane catchment area for all sugar units under canal irrigation – both in Western &
Slide 18: Sugar - Performance
Sugar - Performance 18 Sugar Season 2010-11 For 2010-11 season, Government has revised the levy obligation from 20% to 10%. SAP announced by UP Government was ` 205 per quintal for normal variety and Mills paid as per SAP. Triveni’s seven sugar units put together crushed 4.56 million tonnes of
Slide 19: Sugar Business – Co-generation Business
Sugar Business – Co-generation Business 19 68 MW of co-generation capacity; three plants in two 1467 1470 45 sugar units of Khatauli & Deoband. 41 1370 1339 40 Q3/9M FY 2010-11: 1270 1174 1170 35 Achieved net sales of `1143 million while PBIT stood 1070 34 at ` 366 million with 32% PBIT margin dur
Slide 20: Sugar Business - Distillery Business
Sugar Business - Distillery Business 20 Integration of Sugar operation – value addition of by-product – molasses. 160 KLPD distillery, commissioned in April 2007, is one of the largest single stream molasses based distillery in the country and is located at Muzaffarnagar. Ideally located to us
Slide 21: 9M FY 11 Financial Results
9M FY 11 Financial Results (Note: The financials for 9M FY 11 donot include the financials of Steam Turbine business and are not comparable with the previous period/s 21 Net Sales (` In Million) PBIT (` In Million) 1369 13268 (Overall) 16722 (Overall) 619 9M FY 11 9M FY 10 9M FY 11 9M FY 10 Revenue
Slide 22: 9M FY 11 Financial Results
9M FY 11 Financial Results 22 Net Turnover – Sugar Business PBIT – Sugar Business (` In Million) (` In Million) 366 9M FY 11 9M FY 10 10826 11011 9M FY11 9M FY10 296 88 107 -83 -216 1143 1364 572 667 Sugar Sugar Co-generation Distillery Co-generation Distillery Net Turnover – Engineering Business PB
Slide 23: 9M FY 11 Financial Results
9M FY 11 Financial Results 23 Order Book in Millions GBG WBG 5070 5385 2570 800 653 621 9M FY 11 9M FY 10 Sep FY 10
Slide 24: Triveni Turbine Ltd. (TTL)
24 Triveni Turbine Ltd. (TTL) Triveni Turbine Ltd. (TTL) 50% plus one share GE Triveni Ltd. (JV with GE)
Slide 25: Demerger of Steam Turbine Business into Triveni Turbine Limited (TTL)
Demerger of Steam Turbine Business into Triveni Turbine Limited (TTL) 25 Board of Directors approved the demerger of Turbine Business from Triveni Engg & Ind Ltd (TEIL) in March 2010. The demerged entity is Triveni Turbine Limited (―TTL‖) (formerly known as Triveni Retail Ventures Ltd.). The s
Slide 26: TTL - Pan India Presence
TTL - Pan India Presence 26 Noida Allahabad Ahemdabad Raipur Kolkata Nagpur Latur Mumbai Pune Hyderabad Kolhapur Vijaywada Bengaluru Manufacturing Facility Marketing and Service Centres
Slide 27: Power Generation Market
Power Generation Market 27 Market Characteristics - Premium on shorter deliveries Purchase decision based on high levels of technology, efficiency & lower life cycle cost Price sensitive market Strong servicing capabilities and lifetime relationship with the customer is expected Robust des
Slide 28: Power Generation – Potential To Grow
Power Generation – Potential To Grow 28 Gap between power requirement and generation getting wide - Growing renewable energy market - Huge potential for Biomass based power generation Costly fuel source to influence replacement of DG to TG sets; thrust on co-generation Current industrial power
Slide 29: TTL - Business Perspective
TTL - Business Perspective 29 Cater to wide range of customers across segments like sugar, paper, co-gen, textiles, pharma, steel, IPP. Consistently upgrading the product range and efficiency. The current range of product up to 30MW. Manufacturing since 1968; over 2,500 turbines manufactured
Slide 30: TTL - Customer Care & Refurbishing
TTL - Customer Care & Refurbishing 30 Customer Care An extensive network of 13 Service centres. A strong team of 180 service professionals. Reaching the customer site within 24 hours of service call. Currently over 900 turbines serviced annually. Refurbishing Full speed vacuum balancing tu
Slide 31: Financial Performance - Steam Turbine Business
Financial Performance - Steam Turbine Business 31 5640 5500 CAGR 05 - 10 25 24 26 23 5092 5000 23 4752 21 4500 4639 4000 15 16 3500 PBIT Margins (%) ` in millions 3000 2780 9 11 2500 2000 6 1626 1500 1280 1304 1070 1156 1000 1 418 500 153 0 -4 FY 05 FY 06 FY 07* FY 08 FY 09 FY10 Net Sales PBIT PBIT
Slide 32: Performance – TTL
Performance – TTL 32 Q1 FY 11 Q1 FY 10 (#) Apr - June 2011 Apr - June 2010 Net sales 1611 1368 EBITDA 367 344 EBITDA Margin 23% 25% Depreciation 28 26 PBIT 339 318 PBIT Margin 21% 23% Interest 23 30 PBT 316 288 PBT Margin 20% 21% PAT 213 # Performance of Turbine business under Triveni Engg & Ind. Li
Slide 33: Joint Venture with General Electric (GE)
Joint Venture with General Electric (GE) 33 Triveni formed a Joint Venture with GE for the turbine business on 15th April 2010. GE Triveni Ltd. (GETL) headquartered in Bengaluru, will design, manufacture, supply, sell and service advanced technology steam turbines in India in the range above 30- 1
Slide 34: Contact
Contact 34 CN Narayanan Triveni Engineering & Industries Ltd. Tel. +91 120 430 8000 Fax : +91 120 431 1010 cnnarayanan@trivenigroup.com Gavin Desa/ Rishab Barar Citigate Dewe Rogerson Tel: +91 22 66451238 gavin@cdr-india.com / rishab@cdr-india.com ----------------------------------------------------
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