Genus Power Infrastructures Limited · NSE:GENUSPOWER
Genus Power Infrastructures — Investor Presentation (October 2019)
40 slides from Genus Power Infrastructures's investor presentation, Oct 24, 2019
Slide 1: Genus Investor Presentation filing letter
Genus energizing lives October 24, 2019 National Stock ExchangeofIndia Ltd. BSE Limited ExchangePlaza, 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
Slide 2: Genus Power Infrastructures Limited Corporate Presentation
Genus Power Infrastructures Limited Corporate Presentation October 2019 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: Q2 FY20: Performance Highlights
Q2 FY20: Performance Highlights Key Highlights Revenue (Rs. Crores) EBITDA (Rs. Crores) +23% +79% Our Multiple Team participated 275.4 43.9 in Lucknow Center Convention, 223.4 Haridwar Center Convention 24.5 and Kaizen Competition on Quality Circle Forum of India and won 15 Awards Q2FY19 Q2FY20 Q2FY
Slide 5: H1 FY20: Performance Highlights
H1 FY20: Performance Highlights Key Highlights Revenue (Rs. Crores) EBITDA (Rs. Crores) +18% +58% Healthy Performance driven by 544.1 83.0 461.9 52.4 • Better Order Execution • Better Product Mix H1FY19 H1FY20 H1FY19 H1FY20 • Lower Raw Material prices EBITDA Margin (%) PAT (Rs. Crores) +400 bps +66%
Slide 6: Performance Highlights For Last 10 Quarters
Performance Highlights For Last 10 Quarters Our Robust Performance 301.5 285.8 292.1 268.6 275.4 238.6 223.4 200.2 182.8 166.2 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY18 Q1 FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2 FY20 Revenue (Rs. Crores) 5
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 +32% 1,498 1,276 Strong Demand for various types of Meter 1,188 across State Electricity Boards & Private 685 Players 386 Mar-16 Mar-17 Mar-18 Mar-19 Sep-19 Genus uni
Slide 8: Management Commentary
Management Commentary “We are pleased to announce that in the first half of FY20, company has reported a healthy revenue growth of 18% as compared corresponding period last year. Current Bidding size of Meter business is robust with tenders expected from both SEBs and Private Electricity Boards who
Slide 9: Standalone Profit & Loss Statement
3 Standalone Profit & Loss Statement Particulars (Rs. Crores) Q2FY20 Q2FY19 YoY H1FY20 H1FY19 YoY Total Revenue 275.4 223.4 23% 544.1 461.9 18% Cost of Material Consumed 172.8 154.5 348.0 319.6 Employee Expenses 28.6 23.3 54.4 45.8 Other Expenses 30.1 21.1 58.7 44.1 EBITDA 43.9 24.5 79% 83.0 52.4 58
Slide 10: Standalone Balance Sheet
3 Standalone Balance Sheet ASSETS (Rs. Crores) Sep-19 Mar-19 EQUITY AND LIABILITIES(Rs. Crores) Sep-19 Mar-19 Non-current assets Property, plant and equipment 158.5 176.9 Equity Share capital 25.7 25.7 Capital work-in-progress 2.0 1.6 Share Application Money Pending Allotment 0.0 0.0 Right of Use As
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: 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 32: 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 33: 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 34: Financial Performance
Genus energizing lives Financial Performance
Slide 35: Highest Annual Business
Highest Annual Business Revenue (Rs. Crores) EBITDA (Rs. Crores) 1,056 124 124 128 916 858 835 99 767 87 93 642 FY14 FY15 FY16 FY17* FY18* FY19* FY14 FY15 FY16 FY17* FY18* FY19* PAT (Rs. Crores) Cash PAT (Rs. Crores) 80 94 92 72 60 71 69 73 69 58 53 52 FY14 FY15 FY16 FY17* FY18* FY19* FY14 FY15 FY16
Slide 36: Standalone Profit & Loss Statement
3 Standalone Profit & Loss Statement Particulars (Rs. Crores) FY19 FY18 YoY Total Revenue 1,055.5 835.1 26.4% Cost of Material Consumed 718.0 575.0 Employee Expenses 98.2 85.8 Other Expenses 111.4 81.3 EBITDA 127.9 93.0 37.5% EBITDA (%) 12.12% 11.14% Other Income 17.9 22.0 Depreciation 19.4 17.1 EBI
Slide 37: Standalone Balance Sheet
3 Standalone Balance Sheet ASSETS (Rs. Crores) Mar-19 Mar-18 EQUITY AND LIABILITIES(Rs. Crores) Mar-19 Mar-18 Non-current assets Property, plant and equipment 176.9 165.5 Equity Share capital 25.7 25.7 Capital work-in-progress 1.6 1.9 Share Application Money Pending Allotment 0.0 0.1 Other intangibl
Slide 38: Consolidated Profit & Loss Statement
3 Consolidated Profit & Loss Statement Particulars (Rs. Crores) FY19 FY18 Y-o-Y Total Revenue 1,055.5 835.1 26.4% Cost of Material Consumed 718.0 575.0 Employee Expenses 98.2 85.8 Other Expenses 126.9 81.3 EBITDA 112.4 93.0 20.8% EBITDA (%) 10.65% 11.14% Other Income 10.9 55.0 Depreciation 19.4 17.1
Slide 39: Consolidated Balance Sheet
3 Consolidated Balance Sheet ASSETS (Rs. Crores) Mar-19 Mar-18 EQUITY AND LIABILITIES (Rs. Crores) Mar-19 Mar-18 Non-current assets Property, plant and equipment 176.9 165.5 Equity Share capital 23.0 23.0 Capital work-in-progress 1.6 1.9 Share Application Money Pending Allotment 0.0 0.1 Other intang
Slide 40: 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. Shrikant Sangani shogun.jain@sgapl.net / shrikant.sangani@sgapl.net www.sgapl.net 39
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