Triveni Engineering and Industries Limited · NSE:TRIVENI
Triveni Engineering and Industries — Investor Presentation (February 2020)
42 slides from Triveni Engineering and Industries's investor presentation, February 2020
Slide 1: Corporate Presentation February 2020
CORPORATE PRESENTATION FEBRUARY 2020
Slide 2: Triveni Group Organisation Structure
Triveni Group Organisation Structure Triveni Group Triveni Engineering & Triveni Turbine Industries Ltd. Ltd. (TTL) (TEIL) TEIL holds 21.8% of the equity in TTL 50% plus one share Sugar GE Triveni Ltd. Sugar Co-generation Distillery Businesses (GETL) Business Business Business Triveni Triveni Turbin
Slide 3: Triveni Group Fact Sheet
Triveni Group Fact Sheet Two Independent Listed Companies Triveni Engineering is one of the with total FY 19 gross revenue of INR largest integrated sugar 39.92 billion (USD 570 million) manufacturers in India and market – Triveni Engineering & Industries Ltd. leader in its engineering and Triveni T
Slide 4: Financial Performance – TEIL (Consolidated)
Financial Performance – TEIL (Consolidated) In ` million Change Change Q3 FY 20 Q3 FY 19 9M FY 20 9M FY 19 (%) (%) Gross Revenue 10693 9031 18% 29426 22975 28% EBITDA (before exceptional items) 946 1053 (10%) 3855 2511 54% EBIDTA Margin 9% 12% 13% 11% Share of income from Associates 53 40 31% 164 12
Slide 5: Engineering Businesses
Engineering Businesses Triveni Gears Market leader in High speed gears & gear boxes upto 70 MW capacity and speed of 70,000 rpm Triveni Water A leading player in the high technology water & wastewater management business 5
Slide 6: Engineering Businesses – Revenue Growth
Engineering Businesses – Revenue Growth 4000 3824 3500 3009 3000 2874 2734 2524 2500 ` in millions 2000 1500 1000 453 500 255 153 175 70 0 FY 15 FY 16 FY 17 FY 18 FY 19 Revenue PBIT Note: For FY 16, FY 17, & FY 18 revenue figures are including excise duty 6
Slide 7: Triveni Gears
Triveni Gears ( = Ww
Slide 8: Gears Business - Overview
Gears Business - Overview Design, manufacture and marketing of customised gears and gearboxes (both high speed and niche low speed gears) State-of-the-art design and manufacturing facility at Mysore conforming to international standards 8
Slide 9: Gears Business - Overview
Gears Business - Overview Strong presence Benchmarked to More than 31,500 MW in Replacement global quality and 7800 gearboxes in market practices and 5S operation A D E B C F Leading Turbo Gears Preferred partner Fully integrated company in India and to Domestic and plant with all SE Asia, market sh
Slide 10: Gears Business – Financial Performance
Gears Business – Financial Performance 1400 1,331 1199 1200 1118 1033 1000 922 800 ` in millions 600 381 400 292 292 314 180 200 0 FY 15 FY 16# FY 17# FY 18# FY 19 Net Sales PBIT #revenue figures are including excise duty The quarter and nine months under review Overall the market looks stable w
Slide 11: Triveni Water
iveni Water Tr 11 ENGINEERING & INDUSTRIES LTD,
Slide 12: Water Business - Overview
Water Business - Overview 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. Over 2000 numbers of process equipment for water & waste water treatment ap
Slide 13: Water Business - Overview
Water Business - Overview Over 100 successfully operating Technology associations with the installations across various world’s leading technology segments – infrastructure, providers for various products, industrial and municipal processes and solutions A D B C Won many Water Approx. 8000 MLD of wa
Slide 14: Water Business – Financial Performance
Water Business – Financial Performance 3000 2493 2500 1976 2000 1812 1757 ` in millions 1500 1326 1000 500 -28 -37 72 -221 -139 0 FY 15 FY 16# FY 17# FY 18# FY 19 -500 Net Sales PBIT #revenue figures are including excise duty Gross revenue of ` 2097 million in 9M FY 20 & PBIT of The improved per
Slide 15: Triveni Sugar
Triveni Sugar 15
Slide 16: Sugar Business
Sugar Business Sugar One of the largest sugar producers in India with seven sugar manufacturing facilities Co-generation Three grid connected co-generation plants and three incidental co-generation plants located across five sugar units. Distillery Two molasses based distillery in the country locate
Slide 17: Sugar Business – Industry Overview
Sugar Business – Industry Overview The country achieved a record sugar production at 33.16 While the crushing season has started in UP, the cane price million tonnes for SS 2018-19. This will be country’s highest is yet to be announced by the State Government sugar production so far, out-perform
Slide 18: Sugar Business – Industry Overview
Sugar Business – Industry Overview As per the latest industry estimates, Indian sugar companies For the marketing year 2019-20, Oil Marketing Companies have contracted 2.0 million tonnes of sugar for exports so have invited bids for 511 crore litres of ethanol, against far. which in the first ro
Slide 19: Sugar Business – Industry Overview
Sugar Business – Industry Overview International Sugar Market The Government has fixed higher ethanol price According to recent industry estimates, CS Brazil crushed derived from different raw materials under the 578,600 thousand tonnes of sugarcane producing 2.86% EBP for the forthcoming sugar
Slide 20: Sugar Business – Industry Overview
Sugar Business – Industry Overview (Figures in million tonnes) 2018-19 2019-20 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 (P) (E) Opening Stock as on 1st Oct. 6.6 9.3 7.5 9.1 7.75 3.9 10.7 14.6 Production during the Season 25.1 24.4 28.3 25.1 20.3 32.4 33.2 26.0* Imports 0.7 0.1 0.0 0.0 0.5 0 0
Slide 21: Sugar Business - Overview
Sugar Business - Overview Major facilities located in cane rich areas of Western Uttar Pradesh with more than 80% cane intensity – fertile and irrigated land Sugar cane catchment area for all sugar units under canal irrigation – both in Western & Central Uttar Pradesh - Lower dependency on monso
Slide 22: Sugar Business Performance
Sugar Business Performance (` in millions) Operational 837 Financial 798 100 35000 4000 3649 29996 800.0 94 30000 3000 700.0 640 90 26108 25310 95 25000 600.0 513 80 2000 465 452 20000 1156 500.0 16405 16284 400.0 70 792 1000 71 15000 49 300.0 60 10000 0 49 -282 200.0 43 100.0 50 5000 -1000 -1659 0.
Slide 23: Co-generation Business - Overview
Co-generation Business - Overview Triveni presently operates grid connected three co- generation plants and three incidental co-generation plants located across five sugar units which facilitate export of surplus power to Uttar Pradesh Power Corporation Limited (UPPCL). 23
Slide 24: Co-generation Business – Financial Performance
Co-generation Business – Financial Performance 2500 2152 2028 2000 1826 1706 ` in millions 1568 1500 989 1000 911 780 694 658 500 0 FY 15 FY 16# FY 17# FY 18# FY 19 Net Sales PBIT #revenue figures are including excise duty 9M FY 20 9M FY 19 The performance under review was impacted due Operational
Slide 25: Distillery Business - Overview
Distillery Business - Overview The distillery at Muzaffarnagar has a flexible manufacturing process; primarily produces Ethanol, other products being Extra Neutral Alcohol (ENA), Rectified Spirit (RS), Special Denatured Spirit (SDS) The distillery at Sabitgarh produces high quality Ethanol Tot
Slide 26: Distillery Business – Financial Performance
Distillery Business – Financial Performance 2500 2140 2000 1805 1679 1525 ` in millions 1500 1327 1159 1000 466 437 500 287 267 0 FY 15 FY 16# FY 17# FY 18 # FY 19 Net Sales PBIT #revenue figures are including excise duty 9M FY 20(*) 9M FY 19 Both the distilleries have operated at high efficiency.
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Slide 28: Triveni Turbines Factsheet
Triveni Turbines Factsheet The world’s largest manufacturer of steam turbines (5 to 30 MW)* Over 4000 steam turbines installed Over 12 GW power generation Presence in over 70 countries globally capacity The world’s largest manufacturer of Market leadership position in India, with A majority stake Jo
Slide 29: Global Footprint
Global Footprint Head Office/ Installation/ Manufacturing Representative Offices CAGR of 17% in Exports sales in past 5 years 29
Slide 30: Reliable & Robust Turbines
Reliable & Robust Turbines Robust back-pressure and condensing steam turbines up to 100 MW that work across a wide range of pressure and flow applications with choice of Impulse and Reaction technology Upto 30 MW Above 30 MW to 100 MW Condensing Steam Turbines Condensing Steam Straight Condensing Ty
Slide 31: Industries & Applications
Industries & Applications Sugar Palm Oil Biomass Power Distillery Oil & Gas Cement Paper Textile Waste to Energy Food Chemical Steel IPP – Barge Mount Carbon Black District Heating 31
Slide 32: Infrastructure
Infrastructure Two state-of-the-art facilities equipped to Latest design tools and software provide manufacturing of critical components, to deliver innovative solutions to assembly, testing and refurbishing services customers Current Certifications ISO 9001-2008 32
Slide 33: Digital Infrastructure
Digital Infrastructure IT Enabled Operations and Reporting capturing OEE and operator efficiency Business Software Technical software • SAP – HANA • CFX • ANSYS • Salesforce.com • Concepts Aero Suite • Primavera • Dyrobes, ARMD • IOT – Fleet RMD • PLM-Teamcentre • IOT- CNC shop • Pro-E, Unigraphics
Slide 34: Design & Development
Design & Development Cutting edge products with minimum lifetime ownership cost; Customer focused R&D; Extensive in-house tests and field validation programs Experienced design team with structural, Innovative product development Aero domain experts concepts such as design to cost, QFD, FMEA techniq
Slide 35: Design & Development
Design & Development • Customised product based on modular building blocks • Maximising efficiency and reliability by advanced aero blade-path • Customer focused CAPEX/OPEX optimised product/plant designs • Service solutions focused on turbine uptime maximisation • Cost-out programs with competent p
Slide 36: 360° Customised Service Portfolio
360 ̊ Customised Service Portfolio For every turbine served throughout its lifecycle High Customised Total Repeat Service Customer Customers Solutions Satisfaction Orders AMCs for Steam Re-engineering OEM Expertise Turbines Health Survey & Reverse Latest Equipment Condition Engineering Assessment Ef
Slide 37: Refurbishment Business targets all makes of Turbo-machinery globally
Triveni’s Refurbishment Business targets all makes of Turbo-machinery globally 37
Slide 38: Triveni Touch: Remote Monitoring & Diagnostics
Triveni Touch: Remote Monitoring & Diagnostics Risk Mitigation Outage Reduction Turbine Fact-Based Decision Performance Making Exhaust Commercial Steam KPI Quality Power Power Cyber Security Generation Generation Cost Power System imported and Performance exported Cost of Steam Dynamics Utility powe
Slide 39: Q3/9M FY 20 Financial Performance (Consolidated)
Q3/9M FY 20 Financial Performance (Consolidated) During the nine months period under review, the The order intake in Q3 FY 20 registered growth of 11% turnover is higher by 11% as compared to whereas order in-take for 9M FY 20 at ` 6.36 billion corresponding period of last year with domestic sal
Slide 40: Q3/9M FY 20 Financial Performance (Consolidated)
Q3/9M FY 20 Financial Performance (Consolidated) ` in million % % Q3 FY 20 Q3 FY 19 9M FY 20 9M FY 19 Change Change Revenue from Operations 2030 2113 -4% 6639.6 6003.4 11% EBITDA 440.7 377.2 17% 1490.3 1219.1 22% EBITDA Margin 22% 18% 22% 20% Depreciation & Amortisation 50.4 52.8 -5% 151.7 148.6 2%
Slide 41: GE Triveni Ltd.
GE Triveni Ltd. • Triveni Turbine Ltd. formed a 50:50 Joint Venture • During 9M FY 20, GETL received orders worth ` 829 with a GE affiliate on 15th April 2010. GE Triveni Ltd. million while it achieved a total revenue of ` 1170 (GETL) headquartered in Bengaluru, a subsidiary of million with a profit
Slide 42: Contact for Investor Relations
Contact for Investor Relations CN Narayanan Triveni Engineering & Industries Ltd. Tel. +91 120 430 8000 Fax : +91 120 431 1010 cnnarayanan@trivenigroup.com Gavin Desa/ Rishab Brar Citigate Dewe Rogerson Tel: +91 22 66451237/1235 gavin@cdr-india.com / rishab@cdr-india.com ----------------------------
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