Triveni Turbine Limited · NSE:TRITURBINE
Triveni Turbine — Q3 FY2023 Earnings Presentation
35 slides from Triveni Turbine's earnings presentation, Feb 20, 2023
Slide 1: Exchange filing cover letter
l-· . PIVEnI TURBINES TRIVENI TURBINE LIMITED CORPORATE OFFICE 8" Floor, Express Trade Towers, 15-16, Sector-16A4, Noida - 201301, U.P., India T.: +91 120 4308000 I F: +91120 4311010-11 www.triveniturbines.com Date: 20-02-2023 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy T
Slide 2: Investor Presentation 3Q FY 23
Investor Presentation 3Q FY 23 February 2023 www.triveniturbines.com
Slide 3: Agenda
AGENDA GLOBAL AND DOMESTIC OVERVIEW COMPANY OVERVIEW 3Q/9M FY 23 PERFORMANCE REVIEW SHAREHOLDING PATTERN
Slide 4: Global and Domestic Overview
GLOBAL AND DOMESTIC OVERVIEW
Slide 5: Global Energy Consumption Is Driven By Heating and Cooling
Global Energy Consumption Is Driven By Heating and Cooling Thermal energy uses, which include space and water heating, space cooling, and industrial process heat, represent more than half (51%) of Global Total Final Energy Consumption Source: : Renewables 2022 Global Status Report 4
Slide 6: Industry sector is one of the largest energy users globally
Industry sector is one of the largest energy users globally The industry sector is one of the largest energy users, accounting for 29% of Global Total Final Energy Consumption Source: : Renewables 2022 Global Status Report 5
Slide 7: Overall Global Steam Turbine Market Has Been Declining Over The Years
Overall Global Steam Turbine Market Has Been Declining Over The Years… Overall Global Steam Turbine Market (in GW) The global steam turbine 140 120 market declined from 100 80 60 115 GW in 2012 to 40 20 54 GW in 2021 0 a decline of 8% p.a. yearly 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 dur
Slide 8: However Below 100 MW Segment Has Registered Growth
…However Below 100 MW Segment Has Registered Growth Global Steam Turbine Market (in GW) Steep Decline in 140 120 14.0 13.0 over 100 MW segment from 100 12.0 106 GW to 42 GW translating to -10% p.a. 80 11.0 60 10.0 40 9.0 …while below 100 MW grew from 20 8.0 0 7.0 2012 2013 2014 2015 2016 2017 2018 2
Slide 9: India Capacity Utilization is yet to return to peak levels
...And India Capacity Utilization is yet to return to its peak levels Indian economy is showing signs Domestic Asset Turnover (x) 1.2 of recovery after the Covid 1.0 1.0 pandemic 0.8 0.7 0.6 0.6 …however with asset turnover 0.4 ratios hovering at 0.6x vs. peak of 0.2 1x, the Indian economy still has
Slide 10: Company Overview
COMPANY OVERVIEW
Slide 11: Triveni Turbine At A Glance
Domestic market leader in sub-30 MW segment Presence in growing Global segment of presence in >75 below countries 100MW Industrial and Triveni Renewable Heat and Turbine Closing Power Solutions Order Book: Top 3 At A Glance ₹12.3 bn as Below 100 MW globally in >5-30 MW on Dec 2022 segment* up 33% Yo
Slide 12: Our Founding Principles: Impact, Product Quality, Technology
Our Founding Principles Impact Product Quality Technology ▪ Aims to make a positive ▪ Best-in-class manufacturing at two-world ▪ Consistent R&D of technology to surpass impact to all our stakeholders class facilities at Peenya and Sompura in customer needs and keeping up with changing Bengaluru busi
Slide 13: Our Founding Principles: Ethics, Strong Relationships, Sustainability
Our Founding Principles Ethics Strong Relationships Sustainability ▪ Professional and transparent ▪ Sustainable solutions that create a high ▪ Supports environment sustainability business practices degree of value for our customers with significant focus on thermal efficiency improvements ▪ Strong f
Slide 14: Continued ESG Focus
Continued ESG Focus Environmental Social Governance ▪ Educational ▪ Board comprises of 10 members which ▪ Manufacturing Facilities at both initiatives such as sponsorship on education and training include 5 Non-Executive Independent Peenya and Sompura are Green programmes for differently-abled Direc
Slide 15: A Differentiated Product Portfolio Catering To Wide Range Of Applications
A Differentiated Product Portfolio Catering To Wide Range Of Applications Up to 100 MW POWER COMBINED DRIVE CONDENSING STEAM TURBINES GENERATION HEAT & POWER APPLICATIONS • Straight Condensing APPLICATIONS APPLICATIONS • Uncontrolled Extraction Condensing • Controlled Extraction Condensing • Double
Slide 16: Strong Global Footprint
Strong Global Footprint >75 Present in 75+ Countries Countries of presence Enquiries from ~110 countries 15
Slide 17: A Diversified Base Of End Use Industries
A Diversified Base Of End Use Industries 16 11
Slide 18: Supplying turbine solutions to renewable energy space
Supplying turbine solutions to renewable energy space Biomass (bagasse, palm oil, Waste-to-energy (WtE) (Industrial Waste Heat Recovery (WHR) residues, wood pellets, rice husk and municipal waste) facilities (Steel, Cement) 17
Slide 19: Increasing Demand for Renewable Power Generation Globally
Increasing Demand for Renewable Power Generation Globally The turbine industry, with its large Globally, Governments are shifting manufacturing base, is also moving from conventional to renewable aggressively towards energy sources of energy to attain their conservation and use of renewable renewabl
Slide 20: Our Value Proposition
Our Value Proposition Continued investment in R&D Strong R&D and Innovation, backed by continuous investments in Digitalisation and Automation Focus on alternative energy technologies Manufacturing excellence Two state-of-the-art manufacturing facilities Triveni is amongst the few turbine manufactur
Slide 21: Our Business Model
Our Business Model Customer Centricity Experienced and reliable partner with proven expertise Innovation Strength Strong Research & Development (R&D) capabilities to innovate new products and solutions designed to meet our customer needs; 316 filed, 220 granted Total IP (Intellectual Property) right
Slide 22: Propelling Sustainable Development Through Our Strategic Priorities
Propelling Sustainable Development Through Our Strategic Priorities S01 - Growing Addressable S02 – Decarbonisation S03 – Innovating & Market & Sustainability Leading the Energy Transition ▪ Post TESL acquisition, Triveni is ▪ Decarbonisation and sustainability have ▪ The in-house innovative eco-sys
Slide 23: Pillars of our Growth with focus on Enhancing Addressable Markets
Pillars of our Growth with focus on Enhancing Addressable Markets Maintaining Leadership Independent Gaining Traction in Augment the position in Approach in 30.1- API Turbines Aftermarket Traditional 100 MW market segment Business of Sub- 30MW Continued focus in the Significant Expanding sub-30 MW b
Slide 24: 3Q/9M FY 23 Performance Review
3Q/9M FY 23 PERFORMANCE REVIEW
Slide 25: Comments from the Chairman & Managing Director on Performance and Outlook
Comments from the Chairman & Managing Director on 3Q/9M FY 23 Performance and Outlook for the Company • We are pleased that the Company has continued its strong growth momentum with highest ever turnover and profitability during the quarter under review with both delivering over 40% increase over th
Slide 26: Solid FY23 Performance in both Domestic And International Markets
Solid FY23 Performance in both Domestic And International Markets 14,000 10,000 8,778 11,836 9,000 8,400 8,179 8,522 11,391 7,026 12,000 7,446 8,000 7,511 2,518 3,660 7,000 4,678 10,000 3,940 3,922 4,738 8,278 8,540 3,370 7,935 6,000 3,914 3,264 7,104 6,431 8,000 5,000 4,163 3,210 4,192 4,000 2,995
Slide 27: Increasing Contribution Of Aftermarket
Increasing Contribution Of Aftermarket 10,000 9,000 8,000 2,638 2,263 2,059 1,858 7,000 1,780 1,930 1,920 6,000 5,000 4,000 6,341 6,321 6,259 6,140 5,666 5,581 3,000 5,106 2,000 1,000 - FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 9M FY Refurbishment Spares Services 23 Product Aftermarket Aftermarket Sales (
Slide 28: Financial Highlights: Key P&L Metrics for 9M FY 23
Financial Highlights: Key P&L Metrics for 9M FY 23 ahead of FY 22 (₹ in Million) 1,600 10,000 2,000 1,976 2,000 1,822 1,373 9,000 8,400 8,179 8,522 8,778 1,950 1,921 1,800 1,708 1,400 1,218 1,219 8,000 7,511 1,900 1,600 1,463 1,462 1,469 1,454 1,200 1,163 7,026 7,000 1,850 1,400 1,000 960 1,002 6,00
Slide 29: Financial Highlights: Healthy Ratios & Strong Cash Position
Financial Highlights: Healthy Ratios & Strong Cash Position 40% 40% 5.00 9,000 8,370 35% 34% 36% 4.37 35% 35% 4.50 8,000 7,506 32% 4.00 7,000 30% 27% 30% 3.41 26% 25% 3.50 3.24 3.22 23% 6,000 25% 25% 22% 23% 3.00 2.84 2.82 20% 5,000 20% 20% 18% 2.50 3,844 4,000 15% 15% 2.00 1.50 3,000 10% 10% 1,979
Slide 30: Reaching New Highs Quarter after Quarter
Reaching New Highs Quarter after Quarter (₹ in Million) 12,316 3,500 800 750 600 4,500 4,204 12,000 11,369 3,258 10,692 664 526 4,000 2,930 700 3,580 3,607 9,703 3,000 500 463 10,000 9,240 2,590 561 3,500 3,208 600 534 2,500 2,252 2,366 497 383 3,000 2,828 8,000 500 400 357 330 2,000 2,500 400 300 6
Slide 31: Q3/9M FY 23 and FY 22: Performance Review
Q3/9M FY 23 and FY 22: Performance Review * (₹ in Million) Q3 FY 23 Q3 FY 22 % Change 9M FY 23 9M FY 22 % Change Revenue from Operations 3,258 2,252 44.6 8,778 6,157 42.5 EBITDA 750 534 40.4 1,976 1,425 38.6 EBITDA Margin 23.0% 23.7% 22.5% 23.1% Depreciation & Amortisation 49 51 149 152 PBIT 701 483
Slide 32: Shareholding Pattern
SHAREHOLDING PATTERN
Slide 33: Shareholding Pattern
Shareholding Pattern As on 31st Dec 2022 23.2% 55.9% 15.4% 3.9% 1.0% 0.6% No. Of Shareholders Promoter Group Foreign Portfolio Investors Mutual Funds Mutual Funds, Alternate 11 Investment Funds Resident Individuals Corporate Bodies Others Foreign Portfolio Investors 118 32
Slide 34: Investor Relations Contact
Investor Relations Contact Surabhi Chandna Investor Relations & Value Creation Visit us: www.triveniturbines.com ir@triveniturbines.com +91 - 120 - 4308000 8th Floor, Express Trade Towers Plot No. 15 & 16, Sector 16-A, Noida – 201 301, India. Some of the statements in this presentation that are not
Slide 35: Thank You
THANK YOU