Titagarh Rail Systems Ltd · NSE:TITAGARH
Titagarh Rail Systems — Investor Presentation (November 2023)
33 slides from Titagarh Rail Systems's investor presentation, November 2023
Slide 1: Titagarh Rail Systems Ltd. Investor Presentation
TITAGARH RAIL SYSTEMS LTD. Investor Presentation Investor Presentation
Slide 2: Disclaimer
Disclaimer This presentation is issued by Titagarh Rail Systems Limited (formerly Titagarh Wagons Limited) (the “Company”) for general information purposes only, without regard to specific objectives, suitability, financial situations and needs of any particular person. This presentation does not co
Slide 3: Table of contents
Table of contents 1 Company Overview 2 Business Segments 3 Industry Overview 4 Financial Performance 5 Future Strategy RESTRICTED 3
Slide 4: 1. Company Overview
1. Company Overview
Slide 5: Titagarh Rail Systems: Comprehensive Rail Mobility Solution Provider in India
Titagarh Rail Systems Limited1 (TRSL) is a Comprehensive Rail Mobility Solution Provider in India 1997 4 One of the largest wagon manufacturers in the country Year of Establishment Manufacturing Facilities2 Market leader with 25-30% market share in India (total tenders from FY20 to FY23 for wagon ma
Slide 6: Vision, Mission and Values
Vision, Mission and Values Our Vision Our Mission Values Become a global player in rail TRSL is committed to Focus on bringing satisfaction mobility and a leading service bringing in modern to the stakeholders with the provider for the railway technology and innovation in best interest of society be
Slide 7: Titagarh's Journey So Far
Titagarh’s Journey So Far First production of EMU/MEMU1 for Establishment of Titagarh Wagons Indian Railways Certified by RDSO – G105 with a Acquired 100% of Titagarh Firema2, Order for Metro Coaches in India Limited (TWL) as a manufacturing production capacity of an Italian manufacturer of passenge
Slide 8: Key Business Segments
Key Business Segments Freight Rail Systems (FTRS) Passenger Rail Systems (PRS) Freight Wagons Bogies, Couplers Draft Gears CMS Crossings Passenger Rolling Stock Propulsion and Electrical Equipment Market leader in wagon manufacturing with 25-30% market share (total tenders Home-grown Player in the P
Slide 9: Manufacturing Facilities & Engineering Center
Manufacturing Facilities & Engineering Center Wagons & Heavy Metro Coaches, Train Freight Rail Systems (FTRS) Engineering Division Electricals & Casting Acq.: 2009 Est.: 20071, 20212 Products: Special Products: Aluminum & purpose wagons, loco stainless-steel passenger shells and defence coac
Slide 10: Strong Governance is the Key Pillar
Strong Governance is the Key Pillar Whole Time Directors Independent Directors Mr. J. P. Chowdhary Mr. Umesh Chowdhary Mr. Manoj Mohanka Mr. Sunirmal Talukdar Executive Chairman Vice Chairman and Independent Director Independent Director Managing Director Mr. Anil Kumar Agarwal Mr. Pritish Chowdhary
Slide 11: Environment, Social and Governance (ESG)
Environment, Social and Governance (ESG) Environment Social Governance Focus on Energy Efficiency Social Development Committed to Highest Governance Solar Power Plant of 2 MW capacity Titagarh pledges to carry out its CSR vision to More than 50% of the Board of Directors are educate the underp
Slide 12: Awards and Recognitions
Awards and Recognitions Titagarh Quality Certificates Certification of IRIS awarded which could open Certificate Level CL1 according to EN 15085- doors to international markets & partnerships 2:2007 for welding of railway vehicles & components ISO 9001:2015 Certificate of Approval for QMS (2
Slide 13: 2. Business Segments
2. Business Segments
Slide 14: Freight Rail Systems (1/2)
Freight Rail Systems (1/2) Vertically Integrated Model Order Book (₹ in cr.) 14,830(1) 14,342(1) Manufacturing 8,400 p.a 30,000 MT Excellence with Wagon Capacity Liquid Metal experience of 25+ 1,024 1,295 Installed capacity at two facilities - years Titagarh and Uttarpara FY21 FY22 FY23 H124 Marke
Slide 15: Freight Rail Systems (2/2)
Freight Rail Systems (2/2) Freight Rolling Stock Flat Wagons Hopper Wagons Tank Wagons Box Wagons Car Carrying Wagons Covered Wagons Special Purpose Wagons Brake Van Freight Components Forged Wheel Set1 Cast Bogies Couplers Draft Gear Loco Shells CMS Crossing Note: 1) Forged Wheel Set manufacturing
Slide 16: Passenger Rail Systems (1/2)
Passenger Rail Systems (1/2) Product Suites Order Book (₹ in cr.) 250 p.a 12,716 (4) 13,870 (4) Rolling Stock Capacity Semi-High (3) (3) 3,841 4,490 Speed Trains Propulsion, Electrical Rolling stock Services Equipment Supplied first ever metro in Manufacturing of Traction FY21 FY22 FY23 H124 alu
Slide 17: Passenger Rail Systems (2/2)
Passenger Rail Systems (2/2) Passenger Rolling Stock Semi High-Speed High Speed EMU2 Train Sets Urban Metro Rail Light Rail Transport Diesel Electric Body Shells Trains 1 Train Multiple Units and Bogies Propulsion & Electrical Equipment Propulsion System Traction Motors Auxiliary Power Electronic Tr
Slide 18: Passenger Rail Systems – Current Projects
Passenger Rail Systems – Current Projects Pune Metro Bangalore Metro Vande Bharat Surat & Ahmedabad Metro Manufactured India's first Designed by CRRC-Nanjing and Consortium of BHEL & TRSL will The Surat Metro is 3-Car Aluminium body metro train manufacturing at TRSL factory, Kolkata do the s
Slide 19: Key Order Updates
Key Order Updates Vande Bharat Forged Wheel ₹ 120 cr. * 80 train sets Supply (A) ₹ 9,600 cr. Guaranteed Offtake ~15.40 Lakhs wheels over 20 years ₹ 120 cr. is the L1 price 35 years @ 4.1% p.a. Maintenance (B) ~ ₹ 13,500cr. of the supply price ~ ₹ 12,600 cr. Contract Value For guaranteed off-take Con
Slide 20: 3. Industry Overview
3. Industry Overview
Slide 21: Industry Growth Led by Higher Infrastructure Spend and Government's Policy Support
Industry Growth Led by Higher Infrastructure Spend and Government’s Policy Support The Government of India aims in launching 400 Vande Bharat train (16 coaches) in the next 3-4 years and 1,000 mini-Vande Bharat train (8 coaches) in next 3-4 years Capex allocation of ₹ 2.9 lakh cr. for FY23-24 to
Slide 22: Strong Thrust on Railway Infrastructure
Strong Thrust on Railway Infrastructure Indian Railways (IR) Report Card - FY23 In the Union Budget FY23-24, the government has allocated ₹ 2.9 lakh 80% 01 cr. towards railways which is the highest ever allocation and an increase of YoY 15% over previous year’s allocation 5,243 km of Tracks laid in
Slide 23: Freight Rail Systems Growth Drivers
Freight Rail Systems Growth Drivers Indian Railway, for the first time, aims to increase the freight traffic by rail from existing 26% to 45% by FY30, under the NLP, tendering In April 2022, a tender for procurement of 90,000 wagons over has seen a multi-fold increase in the last two years the next
Slide 24: Passenger Rail Systems Growth Drivers
Passenger Rail Systems Growth Drivers IR is expected to procure 8,000-9,000 incremental passenger coaches between FY22-26 Vande Bharat Metro As of July 2023, a total of 50 Vande The government targets to increase the Selected List of metro projects under Appraisal/Approval Bharat trains have bee
Slide 25: 4. Financial Performance
4. Financial Performance
Slide 26: Consolidated Financials Performance (1/2)
Consolidated Financials Performance (1/2) Order book (₹ in cr.) Revenue (₹ in cr.) 2,780 (2) (2) 27,546 28,212 (1) 1,931 1,846 (1) 1,521 1,039 (1) 4,865 (1) 5,785 FY21 FY22 FY23 H124 FY21 FY22 FY23 H123 H124 EBITDA (₹ in cr.) PBT (₹ in cr.) 6.9% 8.7% 11.0% 11.5% 12.5% (0.4 %) 1.5% 6.8% 7.0% 9.7% 306
Slide 27: Consolidated Financials Performance (2/2)
Consolidated Financials Performance (2/2) Earnings Per Share (₹ share) Return on Capital Employed3 and Equity4 10.9 10.8 22.1% 23.0% 13.9% 4.1 (1) 18.8% (1) 7.1% 4.5% (1) (1) (0.1%) (2.2%) (1) (0.03) FY21 FY22 FY23 H124 (1) (1.3) FY21 FY22 FY23 H123 H124 ROCE ROE Net Working Capital Days2 Net debt/E
Slide 28: 5. Future Strategy
5. Future Strategy
Slide 29: Titagarh Edge – Mobility for Billions Globally
Titagarh Edge – Mobility for Billions Globally Well Positioned to Leverage Sector Growth Leadership Modern day Passenger Rolling Stock Growing in Freight Rolling Stock Technology Demand TRSL is one of the largest wagon Titagarh Firema, Italy, has 25+ years of manufacturers in the country experie
Slide 30: Transforming Business to Future Potential
Transforming Business to Future Potential Backward integration Rail equipment value chain Forward integration Components Rolling Stock Services Other Passenger Electrical / Urban High/ Forged EMU Train Repair / Wagon Propulsion Electronic Others Wagons Metro Semi-High Others Re-design Maintenance Fa
Slide 31: Shipbuilding, Bridges & Defence (SBD)
Shipbuilding, Bridges & Defence (SBD) Past Plan of Action TRSL diversified into shipbuilding through merger with 25-year-old Corporate Shipyard and currently licensed for warship manufacture by the Government of India • Currently merged into FTRS segment as the Products include oceanographic resea
Slide 32: Summary / Key Takeaways
Summary / Key Takeaways 1 One of the largest wagon manufacturers in the country with effective project management and timely execution capabilities 2 3 Passenger Rail Systems uniquely Attractive opportunities through positioned to capture growth with backward and forward integration its Modern day P
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