Triveni Engineering And Industries Limited · NSE:TRIVENI
Triveni Engineering And Industries — Q3 FY2022 Earnings Presentation
41 slides from Triveni Engineering And Industries's earnings presentation, Feb 2, 2022
Slide 1: Cover letter to stock exchanges: Investors' brief Q3 & 9M FY2022
-z..· · J'lIVIIRI ENGINEERING & INDUSTRIES LTD. \, +91 1204308100 t!t +91 1204311010/11 e www.trivenigroup.com REF:TEIL:SE: Date: 2nd Februar , 2022 BSE Limited National Stock Exchange of India Ltd., Department of Corporate Services, Listing Department Rotunda Building, P.l. Tower, Exchange Plaza, 5
Slide 2: 9M FY22 Consolidated Results press release
Registered office: A-44, Hosiery Complex, Phase-II Extension, Noida-201 305, Uttar Pradesh, India. Corporate office: Express Trade Towers, 8th floor, 15-16, Sector 16A, Noida 201301, Ph: 0120-4308000, Fax: 0120-4311011 CIN: L15421UP1932PLC022174 For immediate release 9M FY 22 Consolidated Results en
Slide 3: Performance Overview: Q3/9M FY22 (Consolidated)
PERFORMANCE OVERVIEW: Q3/9M FY 22 (Consolidated) In ` crore Q3 FY 22 Q3 FY 21 Change (%) 9M FY 22 9M FY 21 Change (%) Revenue from Operations 1235.4 1123.1 10 3501.9 3515.3 (Gross) Revenue from Operations 1115.7 1121.9 (1) 3220.9 3514.1 (8) (Net of excise duty) EBITDA 209.8 168.1 25 478.9 413.9 16 E
Slide 4: Chairman's commentary on financial performance
Commenting on the Company’s financial performance, Mr. Dhruv M. Sawhney, Chairman and Managing Director, Triveni Engineering & Industries Ltd, said: “Overall performance of the Company during the nine months ended December 31, 2021 has been satisfactory. The increase in cane prices by ₹ 250 per tonn
Slide 5: Outlook and About Triveni Engineering
keep the demand strong for these businesses. Power transmission business is poised for strong growth in the coming years across the gamut of services such as Defence, Gears and Built to print. The Company has a strong order pipeline in its Water business and we continue to bid for many new projects
Slide 6: About Triveni (continued) and media contacts
check-up and overhauling, pilot experiments, refreshment, upgradation and automation of existing plants, spares and service consumables and chemicals and on-site training and assistance. Triveni Brands is the FMCG Division of the Company which currently constitutes Shagun Sugar, SuperGuard, GermCare
Slide 7: Business-wise Performance Review: Sugar business
Q3/9M FY 22: BUSINESS-WISE PERFORMANCE REVIEW (all figures in ` crore, unless otherwise mentioned) The consolidated results of the Company include share of its profit in the associates, Triveni Turbine Limited (TTL) in which the Company holds 21.85% equity capital. Aqwise-Wise Water Technologies Lim
Slide 8: Co-generation and domestic industry scenario
• Co-generation operations (including incidental co-generation) achieved external sales of ₹ 33.08 crore during 9M FY 22 as against ₹ 39.37 crore in 9M FY 21, decline of 16% due to lower operating days. Industry Scenario – Domestic • As per ISMA’s latest estimates, total net sugar production for SS
Slide 9: Ethanol prices and sugar exports
cane yields and better sugar recoveries. Mills in the State are expected to divert ~ 0.74 million tonnes of sugar equivalent for ethanol production in the current year as compared to about 0.50 million tonnes diverted in SS 2020-21. • With no export assistance announced for the Sugar Season 2021-22,
Slide 10: Global sugar industry and Brazil production
possibility of recovery of crushing volumes in the country in 2022-23. But high oil prices and a stronger Brazilian real could make competition between sugar and ethanol production in Brazil more severe. As a result, Brazilian processors may divert more cane to ethanol instead of sugar, reducing the
Slide 11: Distillery business and Power Transmission business
• This year an additional unit i.e. Sabitgarh, is also following the B-heavy process (vs. C-heavy last year). • The Company has, under its Alcoholic Beverages vertical (forming part of Distillery operating segment), started producing IMIL towards the end of Q3 FY 21 at its bottling facility in the p
Slide 12: Power transmission outlook and Water business
• Scale of operation and cost optimization (including raw material) has resulted in higher profitability. • The outstanding order book as on Dec 31, 2021 stood at ₹ 213.88 crore including long duration orders of ₹ 102.05 crore executable over a couple of years Outlook • Domestic economic recovery is
Slide 13: Water business outlook and forward-looking note
• The outstanding order book as on Dec 31, 2021 stood at ₹ 1594.5 crore, which includes ₹ 951.39 crore towards O&M contracts for a longer period of time Outlook • The Company has participated in large number of tenders which are in various stages of finalization and is expected to close some of thes
Slide 14: Standalone Unaudited Financial Results
TRIVENI ENGINEERING & INDUSTRIES LIMITEO Regd. Office: AM, Hosiery Complex, Phase-II Extension, Noida, Uttar Pradesh - 201 305 Corp. Office: 8th Floor, Express Trade Towers, 15-16,Sector-16A, Noida, Uttar Pradesh - 201 301 CIN: L1542H,JPI932PLC022174 Statement of Standalone Unaudited Financial Resul
Slide 15: Standalone Segment-wise Revenue, Results, Assets and Liabilities
TRIVENI ENGINEERING & INDUSTRIES LIMITED Standalone Unaudited Segment wise Revenue, Results, Assets and Liabilities for the Quarter and Nine Months ended December 31, 2021 (~in lakhs) ., '" 3 Months ended ~ 9 Months ended Year ended " '" 31/Deq'l021 30/Sep/2021 31/Deq'2020 31/Deq'1021 31/Deq'1020 31
Slide 16: Notes to Standalone Financial Results
TRIVENI ENGINEERING & INDUSTRIES LIMITED Notes to the Standalone Unaudited Financial Results for the Quarter and Nine Months ended December 31, 2021 1. The above financial results have been prepared in accordance with the principles and procedures of the Indian Accounting Standards (Tnd AS') notifie
Slide 17: Consolidated Unaudited Financial Results
TRIVENI ENGINEERING & INDUSTRIES LIMITED Regd. Office: AM, Hosiery Complex, Phase-Il Extension, Noida, Uttar Pradesh - 201 305 Corp. Office: 8th Floor, Express Trade Towers, 15-16, Sector-16A, Noida, Uttar Pradesh - 201 301 CIN: L15421UP1932PLC022174 Statement of Consolidated Unaudited Financial Res
Slide 18: Consolidated Segment-wise Revenue, Results, Assets and Liabilities
TRIVENI ENGINEERING & INDUSTRIES LIMITED Consolidated Unaudited Segment wise Revenue, Results, Assets and Liabilities for the Quarter and Nine Months ended December 31, 2021 (~in lakhs) " !:'" ":" ' : ~~4)': 'e, •• 'i1",,~ ,;.¥ " (Jii. ,~., 'I' '., ',"l:. ,,,,' .v-, .,' 3 Months ended." , .., ". ;,;
Slide 19: Notes to Consolidated Financial Results
TRIVENI ENGINEERING & INDUSTRIES LIMITED Notes to the Consolidated Unaudited Financial Results for the Quarter and Nine Months ended December 31, 2021 1. The above financial results have been prepared in accordance with the principles and procedures of the Indian Accounting Standards ('Ind AS') noti
Slide 20: Earnings Presentation: Q3/9M FY22
Earnings Presentation: Q3/9M FY 22 February 2022
Slide 21: Safe Harbour/Legal Disclaimer
SAFE HARBOUR/LEGAL DISCLAIMER Some of the statements in this presentation that are not historical facts are forward looking statements. These forward-looking statements include our financial and growth projections as well as statements concerning our plans, strategies, intentions and beliefs concern
Slide 22: Agenda
AGENDA ▪ ABOUT THE COMPANY ▪ INDUSTRY UPDATES ▪ OUR INITIATIVES ▪ SNAPSHOT ▪ KEY COMPANY HIGHLIGHTS ▪ FINANCIAL PERFORMANCE ▪ OUTLOOK 3
Slide 23: About the Company
ABOUT THE COMPANY TRIVENI ENGINEERING & INDUSTRIES LTD • An integrated and innovation-led conglomerate with diversified businesses in areas of sugar and engineering • One of the largest integrated sugar manufacturers of India • Leading player in engineering businesses spanning power transmission, wa
Slide 24: Company Structure
COMPANY STRUCTURE Triveni Engineering & Industries Limited Sugar Engineering Sugar Alcohol Power Water Transmission 5
Slide 25: Business Lines: Sugar and Alcohol
BUSINESS LINES Sugar 2 distilleries with capacity of 320 KLPD2 One of the largest sugar manufacturers in India with 7 FSSC 22000 certified plants in Uttar 2 new plants (160 + 60 KLPD) being set up, taking Sugar Pradesh overall distillation capacity to 540 KLPD by Alcohol March’22 Business * Business
Slide 26: Business Lines: Engineering
BUSINESS LINES Engineering Among the largest engineered to order EPC solutions for water/wastewater treatment and turbo gear manufacturer recycling of water, for industrial and municipal applications Integrated plant located in Karnataka Power Water with state of the art infra Transmission Business
Slide 27: Industry Updates - Sugar
INDUSTRY UPDATES - SUGAR Sugar Business • Domestic sugar production estimated at ~31.45 million • State-wise production estimates for SS 2021-22 tonnes in SS 2021-22, similar to SS 2020-21 Diversion for Ethanol Region Sugar Production Production SS 2021-22 SS 2021-22 SS 2020-21 SS 2020-21 • Diversio
Slide 28: Industry Updates - Alcohol
INDUSTRY UPDATES - SUGAR Alcohol Business • Oil Marketing Companies (OMCs) have so far allocated 369 crore • As announced earlier by the Government, the revised prices liters of ethanol for supply in Ethanol Supply Year 2021-22 (Dec- for ethanol for the season starting from Dec 2021 to Nov Nov), aga
Slide 29: Industry Updates - Engineering
INDUSTRY UPDATES - ENGINEERING Power Water Transmission Business Business • Witnessing good growth driven by economic recovery both • The Company has participated in large number of tenders in domestic and international markets which are in various stages of finalization and is expected to close som
Slide 30: Our Initiatives
OUR INITIATIVES SUGAR ALCOHOL • Extensive sugarcane development program • Enhancing Capacity: 160 KLPD at Milak • Active pursuit of variety substitution Narayanpur & 60 KLPD at Muzaffarnagar programme to gradually reduce by March’22 and additional 120 KLPD overdependence on the star variety expansio
Slide 31: Snapshot
SNAPSHOT SUGAR ALCOHOL 2.49 Million Tonnes - Sugarcane Crush in SS 2021-22 251369 Tonnes - Sugar Production in SS 2021-22 78868 KL Production in 9M FY 22, up 3% YoY 10.97% - Gross Recovery* 91019 KL Sales in 9M FY 22, up 11% YoY 10.08% - Net Recovery ` 53.30 /litre - Avg. Realisation in 9M FY 224, u
Slide 32: Key Company Highlights - Sugar
KEY COMPANY HIGHLIGHTS - SUGAR SUGAR ALCOHOL • Lower sugarcane crush in SS 2021-22 due to late start • Distillery segment reported strong growth in turnover during of the season due to the excessive rainfall especially in the quarter and nine-month period of 45% and 31% to ` 156.13 the month of Octo
Slide 33: Key Company Highlights - Engineering
KEY COMPANY HIGHLIGHTS - ENGINEERING POWER TRANSMISSION WATER • Turnover and profitability is higher than the previous • The turnover is lower in nine-month period owing to year, as the operations in the previous year were slow progress in some projects and delay in lifting of hampered due to strict
Slide 34: Financial Performance - Consolidated
FINANCIAL PERFORMANCE - CONSOLIDATED ` Crore GROSS REVENUE PBT 3515.3 3501.9 430.3 326 9M FY 21 9M FY 22 9M FY 21 9M FY 22 15
Slide 35: Financial Performance - Sugar
FINANCIAL PERFORMANCE – SUGAR ` Crore SUGAR GROSS REVENUE PBIT 3070.91 268.57 264.07 2627.04 9M FY 21 9M FY 22 9M FY 21 9M FY 22 ALCOHOL GROSS REVENUE* PBIT 787.89 118.79 387.3 72.6 9M FY 21 9M FY 22 9M FY 21 9M FY 22 * Revenue net of excise duty at ₹506.88 crore in 9M FY22 as compared to at ₹386.1
Slide 36: Financial Performance - Engineering
FINANCIAL PERFORMANCE - ENGINEERING ` Crore POWER GROSS REVENUE PBIT TRANSMISSION 40.05 118.04 77.1 21 9M FY 21 9M FY 22 9M FY 21 9M FY 22 WATER GROSS REVENUE PBIT 179.6 168.72 22.2 14.4 9M FY 21 9M FY 22 9M FY 21 9M FY 22 17
Slide 37: Consolidated Summary P&L
CONSOLIDATED SUMMARY P&L ` Crore Change Change Q3 FY 22 Q3 FY 21 9M FY 22 9M FY 21 (%) (%) Revenue from Operations (Gross) 1235.4 1123.1 10 3501.9 3515.3 Revenue from Operations (Net of excise duty) 1115.7 1121.9 (1) 3220.9 3514.1 (8) EBITDA 209.8 168.1 25 478.9 413.9 16 EBITDA Margin 19% 15% 15% 12
Slide 38: Outlook - Sugar
OUTLOOK - SUGAR Sugar Alcohol Business Business • The estimates for SS 2021-22 sugar production indicates • Favourable Government policies such forwarding of Ethanol similar sugar production in the country as last season, at Blending Programme with 20% targets to 2025 augur well around 31.45 million
Slide 39: Outlook - Engineering
OUTLOOK - ENGINEERING Power Water Transmission Business Business • Domestic economic recovery is underway and will likely • The Company has participated in large number of tenders lead to continued demand from sectors such as Steel, which are in various stages of finalization and is expected Cement,
Slide 40: Investors Contact
INVESTORS CONTACT Surabhi Chandna Triveni Engineering & Industries Ltd. Tel. +91 120 430 8000 Fax : +91 120 431 1010 ir@trivenigroup.com www.trivenigroup.com Gavin Desa/ Rishab Brar Citigate Dewe Rogerson Tel: +91 22 66451237/1235 gavin@cdr-india.com / rishab@cdr-india.com 21
Slide 41: Thank You
— [riveni ENGINEERING & [INDUSTRIES LTD 22
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