Slide 1: Exchange filing cover letter: Investor Presentation
June 11, 2020 National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, Plot no. C/1, G Block, P.J. Towers, Bandra-Kurla Complex, Bandra (E), Dalal Street, Fort, Mumbai - 400 051. Mumbai – 400001 (NSE Symbol: GENUSPOWER) (BSE Code: 530343) Dear Sir/Madam, Sub: Investor Presentation Pursuant
Slide 2: Genus Power Infrastructures Limited Corporate Presentation June 2020
Genus Power Infrastructures Limited June 2020 Corporate Presentation 1
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), by Genus Power Infrastructures Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and s
Slide 4: FY20: Performance Highlights
FY20: Performance Highlights Key Highlights Revenue (Rs. Crores) EBITDA (Rs. Crores) 0.5% +35% Healthy Profitability driven by 1,055.5 1,060.4 172.7 127.9 • Higher share of Export Orders • Better Product Mix • Benign Raw Material Prices FY19 FY20 FY19 FY20 EBITDA Margin (%) PAT (Rs. Crores) +417 bps
Slide 5: Q4 FY20: Performance Highlights
Q4 FY20: Performance Highlights Key Highlights Revenue (Rs. Crores) EBITDA (Rs. Crores) Q4FY20 Performance impacted by +10% -18% • COVID-19 led Lockdown 301.5 41.2 • Delay in Dispatches of Finished 248.3 37.3 Goods • Deferred Revenue Recognition However margins improved on account of • Easing in Raw
Slide 6: Performance Highlights For Last Few Quarters
Performance Highlights For Last Few Quarters Healthy Performance 301.5 285.8 292.1 268.6 275.4 268.0 248.3 238.6 223.4 200.2 182.8 166.2 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY18 Q1 FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2 FY20 Q3 FY20 Q4 FY20 Revenue (Rs. Crores) 5 Standalone Results As per IND-AS
Slide 7: Strong Order Book
Strong Order Book We upgrade our technology and product Order Book (Rs. Crores) offering at regular interval backed by continuous R&D +25% 1,498 1,276 Strong Demand for various types of Meter 943 across State Electricity Boards & Private 685 Players 386 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Genus uniqu
Slide 8: Management Commentary
Management Commentary “COVID-19 led lockdown impacted our Q4FY20 performance as it resulted in delay in dispatches of finished goods and therefore revenue recognition. Overall Order inflow was subdued in FY20, as State Electricity Boards are in transition mode from conventional meters to smart meter
Slide 9: Standalone Profit & Loss Statement
3 Standalone Profit & Loss Statement Particulars (Rs. Crores) Q4FY20 Q4FY19 YoY FY20 FY19 YoY Total Revenue 248.3 301.5 -18% 1,060.4 1,055.5 1% Cost of Material Consumed 151.7 195.2 664.0 718.0 Employee Expenses 28.1 26.9 108.7 98.2 Other Expenses 27.3 42.2 114.9 111.4 EBITDA 41.2 37.3 10% 172.7 127
Slide 10: Standalone Balance Sheet
3 Standalone Balance Sheet ASSETS (Rs. Crores) Mar-20 Mar-19 EQUITY AND LIABILITIES(Rs. Crores) Mar-20 Mar-19 Non-current assets Equity Property, plant and equipment 156.2 176.9 Equity share capital 25.7 25.7 Capital work-in-progress 0.8 1.6 Other equity 859.5 784.8 Right of Use Assets 15.8 0.0 Tota
Slide 11: Business Overview
Genus energizing lives Business Overview
Slide 12: Power Sector Leadership
Power Sector Leadership Largest player in India’s electricity meter industry Incorporated in 1992, Part of $400 mn Kailash Group ~27% market share in Meter Industry Over 2 decades of experience in electricity metering solutions ~70% market share in Smart Meters industry Share of Metering Projects in
Slide 13: Journey So Far
Journey So Far ▪ Production of ▪ Deployed Smart Electronic Energy ▪ AMR / Pre-payment Metering Solution at ▪ India's First Narrowband - Meters Meter/ DT Meter Shapur (Junagarh) IOT setup for AMI with launched PGVCL – India’s First Vodafone Idea ▪ Established Single ▪ Ventured into Smart Village Proj
Slide 14: Journey So Far
Journey So Far Meter Installed Till 1998 Till 2003 Till 2006 Till 2010 Till 2014 Till 2018 100,000 2,500,000 5,000,000 10,000,000 30,000,000 50,000,000 13
Slide 15: Experienced Management Team
Experienced Management Team Mr. Ishwar Chand Agarwal Executive Chairman Mr. Kailash Chandra Mr. Rajendra Kumar Agarwal Mr. Jitendra Kumar Agarwal Agarwal Joint Managing Director Vice-Chairman, Non-Executive, Managing Director and CEO Non-Independent Mr. R Viswanathan Dr. Giriraj Nyati Chief Manageme
Slide 16: Pillars of Competitive Edge
Pillars of Competitive Edge Infrastructure R&D Certifications Workforce CAD, YOUR TEXT Dies and MoldHERE designs, In-house PUT TEXTR&D HERE Centre, CMMI YOURlevel TEXT 3 Company HERE Armed with long-term, PUT TEXT HERE Molding, Automated SMT recognised by Ministry of Accredited with - ISI, KEMA, hig
Slide 17: Business Verticals
Business Verticals SMART METERING SOLUTIONS Offers a wide spectrum of Smart Metering Solutions, that includes High End Multifunction Single Phase and Three Phase Meters, CT Operated Meters & HES (Head End System), ABT & Grid Meters, Distribution Transformer (DT Meters), Pre-payment Meters, Group Met
Slide 18: End to End Energy Management Solutions
End to End Energy Management Solutions Meters from Generation to Consumption 17
Slide 19: Diversified Product – Market Mix
Diversified Product – Market Mix RESIDENTIAL & COMMERCIAL INDUSTRIAL PREPAYMENT SOLUTION Meters with communication LT / HT CT Meter with Integrated Single Phase Prepayment Meter capability Communication Three Phase Prepayment Meter Single / Three Phase Smart Meters with Automatic Power Meters Factor
Slide 20: Diversified Product – Market Mix
Diversified Product – Market Mix DISTRIBUTION TRANSFORMER OPEN ACCESS / GRID CALIBRATION EQUIPMENT Thread Through Metering Grid & Sub-Station Meter (ABT Single Phase Portable Reference Solution for Distribution Complaint) Meter Transformer Three Phase Portable Reference Smart DT Meter with Meter Int
Slide 21: Engineering Construction & Contracts
Engineering Construction & Contracts ECC Division Leveraging on Strength Complements the Metering Business Provides total engineering and More than 20 years of experience in Increased implementation of Smart construction solution from “Concept to Indian Power distribution sector metering solution Co
Slide 22: Balanced Client Mix
Balanced Client Mix SEB’s registered under UDAY schemes are the major revenue contributors 21
Slide 23: Manufacturing Assets at Glance
Manufacturing Assets at Glance R&D Centre and Corporate Office, Sitapura, Jaipur Ramchandrapura, Jaipur Haridwar, Uttaranchal Haridwar, Uttaranchal Guwahati, Assam Total Installed capacity of over 10 million meters per annum 22
Slide 24: Quality Assurance
Quality Assurance Quality is the hallmark of Genus products and services Comprehensive testing is carried out at various stages of product manufacturing starting from incoming raw material/components to in-process stages and to the final finished and packed product In-House NABL Accredited Electroni
Slide 25: Quality Certifications
Quality Certifications CMMI Level 3 STS certification Bureau Veritas National Accreditation Board for QSI Certification Company Testing and Calibration Laboratories KEMA Certification R&D Lab recognized by MSD, GOI Silver Certificate by Frost & Sullivan IEC Certifications ZigBee Certification STQC C
Slide 26: Infrastructure & Testing Capabilities
Infrastructure & Testing Capabilities Integrated Manufacturing Facilities 01 In-house Technology product since inception 02 Clean room PCB Assemblies Truly “Made in India” Automated SMT Lines 03 04 Reflow and wave soldering • Quality Assurance Lean Production Line 05 • Innovation & R&D • In-House NA
Slide 27: Key Awards Received
Key Awards Received 2000: 2004: 2011: Rated as 7th turnaround company of Rated among top 100 Electronic Outstanding performance award by India by Business World, India companies in India by EFY NDPL towards AT&C loss reduction 2013: 2015: The prestigious EFY Reader’s choice top Accorded Excellence i
Slide 28: Business Outlook
Genus energizing lives Business Outlook
Slide 29: AT&C Losses in India are Three Times the Deficit
AT&C Losses in India are Three Times the Deficit ▪ AT&C Loss = (Energy input – Energy billed) * 100 / Energy input ▪ Theft is the one of the main causes of the high losses. Theft occurs in several ways, viz: by tapping power lines and tempering / by-passing meter etc ▪ Meters play a vital role in re
Slide 30: Government’s Thrust on Metered Power for All
Government’s Thrust on Metered Power for All Planned outlay of Rs. 326 Billion Strengthening of sub-transmission network to reduce AT&C losses DISCOMS had accumulated losses of Rs. 3.8 Trillion and Debt of Metering & implementation of IT application to reduce commercial losses Rs. 4.3 Trillion Smart
Slide 31: Atal Distribution System Improvement Yojana (ADITYA)
Atal Distribution System Improvement Yojana (ADITYA) Ujwal DISCOM Assurance Yojna (UDAY) has expired in March 2020. Thus Atal Distribution System Improvement Yojana (ADITYA) is being considered Scheme Structure by the Government of India aimed at investing funds in network infrastructure like smart
Slide 32: Metering Opportunity
Metering Opportunity METERING OPPORTUNITY India has 200 million legacy meters There are plans to install up to 130 million smart meters As per the, notification by power ministry, dated 8th by 2021 September 2016 : Mandatory rollout of Smart Meters, for consumers GOVERNMENT INVESTMENT with monthly c
Slide 33: Smart Meter is the Future
Smart Meter is the Future Latching Switch Smart meters will have a kill switch which will close off the utility supply. What are Smart Meters ? The kill switch will be operated via Internet. This will give power to utility providers to start and stop the supply at the click of a button Smart meters
Slide 34: Geared to Ride the Growth Wave
Geared to Ride the Growth Wave Market leaders in metering business National and International Extensive Management Recognition and certifications Experience Integrated manufacturing facility/ largest installation base Strong Pre - qualification Credentials In-house R&D Centre Long Lasting Relationsh
Slide 35: Financial Performance
Genus energizing lives Financial Performance
Slide 36: Highest Annual Business
Highest Annual Business Revenue (Rs. Crore) EBITDA (Rs. Crore) 1,056 1,060 173 858 835 124 128 642 87 93 FY16 FY17* FY18* FY19* FY20* FY16 FY17* FY18* FY19* FY20* PAT (Rs. Crore) Cash PAT (Rs. Crore) 94 116 80 94 72 92 58 73 69 52 FY16 FY17* FY18* FY19* FY20* FY16 FY17* FY18* FY19* FY20* Standalone
Slide 37: Standalone Profit & Loss Statement
3 Standalone Profit & Loss Statement Particulars (Rs. Crores) FY20 FY19 YoY Total Revenue 1,060.4 1,055.5 1% Cost of Material Consumed 664.0 718.0 Employee Expenses 108.7 98.2 Other Expenses 114.9 111.4 EBITDA 172.7 127.9 35% EBITDA (%) 16.29% 12.12% Other Income 19.1 17.9 Depreciation 22.2 19.4 EBI
Slide 38: Standalone Balance Sheet
3 Standalone Balance Sheet ASSETS (Rs. Crores) Mar-20 Mar-19 EQUITY AND LIABILITIES(Rs. Crores) Mar-20 Mar-19 Non-current assets Equity Property, plant and equipment 156.2 176.9 Equity share capital 25.7 25.7 Capital work-in-progress 0.8 1.6 Other equity 859.5 784.8 Right of Use Assets 15.8 0.0 Tota
Slide 39: Consolidated Profit & Loss Statement
3 Consolidated Profit & Loss Statement Particulars (Rs. Crores) FY20 FY19 Y-o-Y Total Revenue 1,060.4 1,055.5 1% Cost of Material Consumed 664.0 718.0 Employee Expenses 108.7 98.2 Other Expenses 132.1 126.9 EBITDA 155.5 112.4 38% EBITDA (%) 14.67% 10.65% Other Income 16.1 10.9 Depreciation 22.2 19.4
Slide 40: Consolidated Balance Sheet
3 Consolidated Balance Sheet ASSETS (Rs. Crores) Mar-20 Mar-19 EQUITY AND LIABILITIES(Rs. Crores) Mar-20 Mar-19 Non-current assets Equity Property, plant and equipment 156.2 176.9 Equity share capital 23.0 23.0 Capital work-in-progress 0.8 1.6 Other equity 814.9 761.2 Right of Use Assets 15.8 0.0 To
Slide 41: Genus Power Infrastructures Limited contact details
Genus Power Infrastructures Limited CIN: L51909UP1992PLC051997 Mr. Ankit Jhanjhari ankit.jhanjhari@genus.in www.genuspower.com Strategic Growth Advisors Pvt. Limited CIN: U74140MH2010PTC204285 Mr. Shogun Jain / Mr. Parin Narichania shogun.jain@sgapl.net / parin.n@sgapl.net www.sgapl.net 40