Cg Power & Industrial Solutions Ltd · NSE:CGPOWER
Cg Power & Industrial Solutions — Q3 FY2023-24 Earnings Presentation
29 slides from Cg Power & Industrial Solutions's earnings presentation, Feb 13, 2024
Slide 1: Intimation under Regulation 30 - Investor Presentation
Our Ref: COSEC/183/2023-24 13th February, 2024 By portal The Corporate Relationship The Assistant Manager – Listing Department National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, Bandra-Kurla 1st Floor, New Trading Ring Complex, Rotunda Building, Bandra (East), Phiroze Jeejeebhoy Tower
Slide 2: Investor/Analyst Presentation Q3 FY 2023-24
Investor/ Analyst Presentation Q3 FY 2023-24
Slide 3: Contents
Contents S. no. Particulars Page no. 1 Company Background 3-4 2 CGPISL – Standalone Performance 5-9 3 Expansion Capex 10 4 Industrial Systems – Motors & Drives 11-16 5 Industrial Systems - Railways 17-20 6 Power Systems 21-25 7 Key highlights on ESG 26 2
Slide 4: Company Background
Company Background • CG Power and Industrial Solutions Ltd (“CGPISL”) is an 85+ years old Company with 16 manufacturing facilities in India and 2 operating subsidiaries (including one outside India). • Consumer products business (B2C business) in the erstwhile Crompton Greaves Ltd. was demerged in F
Slide 5: Leadership Team
Leadership Team Mr. Natarajan Srinivasan Managing Director Mr. Ramesh Kumar N Mr. Mukul Srivastava Mr. Ajay Jain Mr. Chidambaram Balakrishnan President - Industrial Division President – Switchgears Division Vice President – Transformers Vice President – Division Railway Division Mr. Indraneel Dhanes
Slide 6: CG Power and Industrial Solutions Limited Standalone Performance
CG Power and Industrial Solutions Limited Standalone Performance
Slide 7: CGPISL (Standalone) Performance Highlights
CGPISL (Standalone) Performance Highlights CAGR % Q3 Q3 YoY 9M 9M YoY Rs. In crores FY 20-21 FY 21-22 FY 22-23 FY21-FY23 Column3 FY 23-24 FY 22-23 growth % Column2 FY 23-24 FY 22-23 growth % Sales 2,526 5,159 6,580 61% 1,860 1,645 13% 5,526 4,792 15% EBITDA 157 642 1,016 155% 301 295 2% 891 744 20%
Slide 8: CGPISL (Standalone) Revenue and PBIT Mix
CGPISL (Standalone) Revenue and PBIT Mix Sales (Rs. crs) - 9M FY24 Sales (Rs. crs) - FY23 1,777 2,023 32% 30% 31% 3,752 4,558 68% 70% 68% 71% 71% 67% 69% 71% Industrial Systems Power Systems Industrial Systems Power Systems PBIT (Rs. crs) - 9M FY24 PBIT (Rs. crs) - FY23 265 227 32% 23% 573 748 67% 6
Slide 9: CGPISL (Standalone) Balance Sheets and Key ratios
CGPISL (Standalone) Balance Sheets and Key ratios Rs. in crores 31-Dec-23 31-Mar-23 31-Mar-22 31-Mar-21 Net Working Capital 31-Dec-23 31-Mar-23 31-Mar-22 31-Mar-21 Fixed Assets 834 786 784 803 Inventory days 46 38 44 80 Investments 407 303 302 304 Trade Receivable days 64 68 68 98 Non-current assets
Slide 10: CGPISL Core Strengths
CGPISL Core Strengths ✓ Market leader and Volume player in Motors business. ✓ Excellent reach with loyal Channel Partners ✓ Proposed expansions in Motors, Transformers and Switchgears aggregating Rs. 662 crs to give further economies of scale. (Further details in next slide) ✓ Diversified product po
Slide 11: CGPISL Expansion Capex
CGPISL Expansion Capex Rs Crs. Sr. Capex Incremental Revenue Plant Capacity Expansion Expected Completion No (Rs. In crs) at Full Capacity Doubling of capacity from Low Tension Motors, 1 ~10 lacs p.a. to 18 lacs units 327 crs Rs. 3,260 crores Q2 FY 25-26 Ahmednagar & Goa p.a. Power Transformer, From
Slide 12: Industrial Systems
BUSINESS PRESENTATIONS Industrial Systems (A) Motors, Drives and Consumer products (B) Railways
Slide 13: Plant Locations and Product Portfolio
Motors, Drives & Consumer Products Plant Locations and Product Portfolio Plant Locations Locations No. of plants Ahmednagar 3 9 Manufacturing Goa 4 plants Bhopal 2 Product Portfolio Motors Drives Consumer products Low Tension Large Industrial Fractional Horse Stampings Drives & Commercial Motors Mot
Slide 14: Motors & Drives Industry Size and CG Market Share
Motors & Drives Industry Size and CG Market Share CGPISL Market share Growth in YTD (in volume terms) Sep FY24 vs LY Market Size YTD Sep YTD Sep Product name (Rs. In crs) FY22 FY23 FY23 FY24 Market CGPISL Low Tension AC Motors 6,200 32% 35% 33% 38% 7% 26% DC motors 250 36% 29% 35% 22% -35% -59% Larg
Slide 15: Customers we serve
Motors & Drives Customers we serve Large Drives LT Motors FHP Motors Industrial Machines & Automation Leader Power Water & WW Oil & Gas Material Handling 14
Slide 16: Industrial Systems (Motors + Railways) Performance Highlights
Industrial Systems (Motors + Railways) Performance Highlights C C CAGR % o Q3 Q3 YoY o 9M 9M YoY Rs. In crores FY 20-21 FY 21-22 FY 22-23 FY21-FY23 l FY 23-24 FY 22-23 growth % l FY 23-24 FY 22-23 growth % Sales 1,794 3,644 4,558 59% 1,214 1,162 5% 3,752 3,362 12% EBITDA 233 493 780 83% 177 221 -20%
Slide 17: Motors & Drives Growth Drivers
Motors & Drives Growth Drivers Acceleration in Revival of Capex, Urbanization and growing penetration of Mechanization is expected Industrialisation and to drive the Industrial Motor demand in Domestic market by ~8% per annum for next 3- Urbanization 5 years. (Source: IEEMA) Government’s focus on Co
Slide 18: Railways Business
Railways Business
Slide 19: Railways Business Plant Locations and Product Portfolio
Railways Business Plant Locations and Product Portfolio Plant Locations Locations No. of plants 3 Bhopal 2 Manufacturing plants Pithampur 1 Product Portfolio Rolling Stock Products Signalling products Traction Machines Railway Transportation Railway Signaling and Traction Electronics 18
Slide 20: Railways Division Performance Highlights
Railways Division Performance Highlights Sales (Rs. crs) Unexecuted Order Book (Rs. crs) 1,119 1,042 925 952 831 892 942 837 821 355 FY 20-21 FY 21-22 FY 22-23 9M 9M 31-Mar-21 31-Mar-22 31-Mar-23 31-Dec-23 31-Dec-22 FY 23-24 FY 22-23 • Sales in 9M FY 23-24 have grown by 14% YoY. • Unexecuted Order b
Slide 21: Railways Division – Business opportunities
Railways Division – Business opportunities Indian Railways (IR) plans to complete 100% Railway route Electrification by 2024-25 (Over 75% 100% Railway route of 68,000 route kms). Electrification This has led to increased production of Electric Locomotives where CG supplies Propulsion Systems and Tra
Slide 22: Power Systems
Power Systems A. Transformers B. Switchgears - Power Transformers - Air Insulated Switchgears / Gas - Distribution Transformers Insulated Switchgears - Vacuum Interrupters - Circuit Breakers - Instrument Transformers - Surge Arrestors - Numerical Relays
Slide 23: Power Systems Plant Locations and Product Portfolio
Power Systems Plant Locations and Product Portfolio Plant Locations Locations No. of plants Products Range 4 Nashik 1 Distribution 315 kVA to 2.5 MVA Manufacturing Aurangabad 1 Transformer (3.3kV to 33kV Class) plants Power 3.0 MVA to 500 MVA Bhopal 1 Transformer (66 kV to 765 kV) Gwalior 1 Locomoti
Slide 24: Power Systems Industry Size and CG Market Share
Power Systems Industry Size and CG Market Share Market CG Market share (in volume terms) size YTD Sep Product name Range (Rs. in crs) FY22 FY23 FY24 A) Transformers Power Transformer & 50 to 500 MVA 10,500 3.7% 6.4% 7.8% Reactor Distribution 200 kVA to 50 5,950 4.5% 5.1% 5.6% Transformer MVA B) Swit
Slide 25: Power Systems Performance Highlights
Power Systems Performance Highlights C C CAGR % o Q3 Q3 YoY o 9M 9M YoY Rs. In crores FY 20-21 FY 21-22 FY 22-23 FY21-FY23 l FY 23-24 FY 22-23 growth % l FY 23-24 FY 22-23 growth % Sales 733 1,516 2,023 66% 646 484 34% 1,777 1,430 24% EBITDA (55) 181 262 118% 107 65 64% 290 178 63% EBITDA % (7.5%) 1
Slide 26: Power Systems Demand Drivers
Power Systems Demand Drivers Renewable Energy METRO Projects Oil & Gas Demand for Power Revamped Distribution • Planned Establishment of • Projects planned in • Investments by IOCL, Transformers Sector Scheme (RDSS) 523GW by 2030 >40 Cities BPCL, Numaligarh • Tariff Based • As on Nov. 2022, total •
Slide 27: Key highlights on ESG for 9M FY24
Key highlights on ESG for 9M FY24 Environmental Social Governance ➢ 30% reduction in GHG Emission ➢ Gender Diversity : Improved in 9M Intensity (Scope 1 and Scope 2) FY24 by 0.63% compared to FY 23. per rupee of Sale in 9M FY24 over (FY 23 – 4.11%, 9M FY24 - 4.74%) ➢ ESG Governance Structure 9M FY23
Slide 28: Safe Harbour
Safe Harbour This Release / Communication, except for the historical information, may contain statements, including the words or phrases such as ‘expects, anticipates, intends, will, would, undertakes, aims, estimates, contemplates, seeks to, objective, goal, projects, should’ and similar expression
Slide 29: Thank You
a ‘Smart solutions. Strong relationships. Thank. Yow!
CG Power and Industrial Solutions — Q3 FY2023-24 Earnings Presentation on 6ix