Thermax Limited. · NSE:THERMAX
Thermax — Q3 FY2023-24 Earnings Presentation
19 slides from Thermax's earnings presentation, Feb 8, 2024
Slide 1: Regulation 30 cover letter to stock exchanges
February 8, 2024 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) Company Scrip Code: 500411 Mumbai – 400 051 Company Scrip Code: THERMAX EQ Sub: Regulation 30 of SEBI (LODR) R
Slide 2: Thermax Limited: Investor Presentation Q3 FY23-24
Thermax Limited: Investor Presentation Q3 FY23-24 Conserving Resources, Preserving the Future.
Slide 3: To be a globally respected high performance organisation
To be a globally respected high performance organisation offering sustainable solutions in energy and the environment 2 Conserving Resources, Preserving the Future.
Slide 4: Disclaimer
Disclaimer This presentation includes forward-looking information and statements, including those 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, encompassing global eco
Slide 5: Thermax at a Glance
Thermax at a Glance ~3,767 Employees Globally* Installations in Sales and Service presence in 90+ Countries 30+ Countries $1 Billion revenue 14 Manufacturing Locations (10 in India, 4 abroad) Conserving Resources, Preserving the Future * - Employees excluding workmen 4 Confidential and Internal Purp
Slide 6: Business Highlights – Industrial Products
Classification: Confidential Business Highlights – Industrial Products Sufficing the Steam Needs of a Paper Mill in Dubai Meeting Process Needs Helping an Indian Solar of an Edible Oil Producer Manufacturer Treat Harmful Pollutants Desalination Plant for Defense Sector in Mauritius Commissioned a 35
Slide 7: Business Highlights – Industrial Infra
Business Highlights – Industrial Infra Successful Commissioning of FlexiSource™ – Waste to A Breakthrough Order Win for Energy Boiler FlexiSource™ in the Palm Oil EPC Solution to Meet Energy Industry Needs and Achieve Higher Commencement of Efficiency Commercial Operation of Bio-CNG TBWES has succes
Slide 8: Business Highlights – Green Solutions
Classification: Confidential Business Highlights – Green Solutions Commissioned Third Project with a Chemical Company under Expanding the Green Power Build-Own-Operate Model Portfolio for Tamil Nadu Industries TOESL commissioned a 6 TPH green steam supply plant in Maharashtra, aiding ~53% constructi
Slide 9: Business Highlights – Chemical
Business Highlights – Chemical Healthy Order Pipeline for Construction Chemicals Profit Improvement in Water Treatment Chemicals Market Good Traction for Resins Across Markets A remarkable 56% growth was seen in Q3 FY24 over Q3 FY23 due to an Profitability in the water treatment chemical segment imp
Slide 10: Thermax Q3 FY 2023-24 Results
Thermax Q3 FY 2023-24 Results Operating Cash and Order book Order balance PBT* PAT revenue investments 2,506 cr. 10,717 cr. 2,324 cr. 309 cr. 237 cr. 2,565 cr. 14 % 9% 13 % 87 % 88 % -1 % • Increased revenue has resulted into an increased PBT. Exceptional gain on account of transfer of leasehold rig
Slide 11: Q3 – Order Book Status
Q3 – Order Book Status Others Metals/Steel 14% 17% Pharmaceutical • Continues to build on stable base orders 4% • Enquiry inflow from steel, chemical, and F&B continues to remains strong • Upward trend in enquiry inflow from the biofuel Power segment Chemical 3% 3% • Some good competitive wins acros
Slide 12: Consolidated Performance Indicators
Consolidated Performance Indicators Q2, 2024 Performance Indicator Q3, 2024 Q3, 2023 1,973 Order Booking 2,506 2,204 10,264 Order Balance 10,717 9,859 2,302 Revenue 2,324 2,049 217 Profit Before Tax (PBT) and Exceptional 183 165 9.4% PBT before Exceptional % 7.9% 8.0% - Exceptional Item 126.12 - 217
Slide 13: Consolidated Performance Summary by Segment
Consolidated Performance Summary by Segment Order Booking Order Balance Segment Q3, Dec 2023 YOY% Change YTD Dec 2023 YOY% Change Industrial Products 990 13 % 3,510 24% Industrial Infra 1246 12% 6,243 -2% Green Solutions 96 37% 835 48% Chemical 174 20% 128 13% Total 2,506 14% 10,717 9% • Industrial
Slide 14: Business Performance Summary
Business Performance Summary For Q3, FY 2023-24 For Q3, FY 2022-23 YTD Dec 23 YTD Dec 22 Segments Sales PBIT PBIT % Sales PBIT PBIT % Sales PBIT PBIT % Sales PBIT PBIT % Industrial 1023 101 9.9% 856 80 9.4% 2,848 256 9.0% 2,357 170 7.2% Products Industrial 1,097 39 3.5% 1,001 54 5.4% 3,099 126 4.1%
Slide 15: Business Segment Wise - Quarterly Trend
Business Segment Wise - Quarterly Trend Industrial Infra Industrial Products 2,500 80 1,400 120 Value in Rs. crore 2,000 Value in Rs. crore 1,200 100 60 1,000 80 1,500 PBIT 800 PBIT 60 40 600 1,000 400 40 20 200 20 500 - - Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 - - Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 FY 22 FY 23 FY 24 FY 22 F
Slide 16: Domestic – Export Business Performance
Domestic – Export Business Performance FY 2022-23 YTD Dec FY 2023-24 Q3, FY 2023-24 154 357 Chemical 40 168 - Chemical 134 Chemical 475 Green Solutions 238 - 1,165 Order 387 Green Solutions 96 - 2,640 Book Green Solutions 195 3,373 Industrial Infra 81 Industrial Infra Industrial Infra 407 2,501 3,10
Slide 17: Industry Outlook
Industry Outlook Input Cost Market Sentiments • Input costs were stable during the quarter. No major fluctuations in the commodity costs. • The PMI declined to 54.9 in December but stayed higher than the long-term trend. Demand • India's steel & distillery sector will experience good growth due to a
Slide 18: Thermax Fest
Thermax Fest is a flagship event by Thermax, curated to reinforce our repositioning as a ‘Trusted Partner in Energy Transition’ by showcasing its innovative technologies and green solutions. With 15 experiential zones, 32 hours of knowledge exchange, and nearly 1,000 attendees, the event was a succe
Slide 19: Conserving Resources, Preserving the Future. Contact Us
Classification: Confidential Conserving Resources, Preserving the Future. For more information about Thermax: Contact Us Thermax Limited Thermax House 14, Mumbai - Pune Road, Wakdewadi, Pune - 411 003, India www.thermaxglobal.com