Triveni Engineering and Industries Limited · NSE:TRIVENI
Triveni Engineering and Industries — Q1 FY13 Earnings Presentation
33 slides from Triveni Engineering and Industries's earnings presentation, 2013
Slide 1: Triveni Engineering & Industries Ltd. Corporate Presentation Q1 FY13
Triveni Engineering & Industries Ltd. CORPORATE PRESENTATION Q1 FY13
Slide 2: Triveni Group Organisation Structure
Triveni Group Organisation Structure Triveni Group Triveni Engineering TEIL holds 21.8% of the equity in TTL Triveni Turbine & Industries Ltd. Ltd. (TTL) (TEIL) 50% plus one share Engineering GE Triveni Ltd. Sugar Business Business (JV with GE) Sugar Gears Co-generation Water & Waste Water Distiller
Slide 3: Triveni Group Fact Sheet
Triveni Group Fact Sheet Two Independent Listed Companies – Triveni Engineering & Industries Ltd. Triveni Turbine Ltd. is the market leader in and Triveni Turbine Ltd. the steam turbines upto 30 MW size. Triveni Engineering is one amongst the Promoter driven, professionally managed largest i
Slide 4: Triveni Engineering & Industries Ltd. (TEIL)
Triveni Engineering & Industries Ltd. (TEIL) Triveni Engineering & Industries Ltd. (TEIL) Engineering Sugar Business Business 4
Slide 5: Engineering Business – Pan India Presence
Engineering Business – Pan India Presence GEARS BUSINESS - MYSORE Market leader in High speed gears & gear boxes upto 70 MW capacity and speed of 70,000 Noida rpm Engineering Business WATER BUSINESS – NOIDA A leading player in Corporate Office the high Mysore technology water Manufacturing Facilitie
Slide 6: Engineering Business – Revenue Growth
Engineering Business – Revenue Growth 3500 CAGR 07*-12 3068 3000 SALES – 22% 2736 2625 2500 PBIT – 17% 2000 ` in millions 1730 1500 1437 1006 1000 651 565 500 325 392 423 192 0 FY07* FY08 FY09 FY10 FY11 FY12 Revenue PBIT FY07* - 12 months period from Oct 06 – Sep 07 6
Slide 7: Gears Business Group – Business Perspective
Gears Business Group – Business Perspective Triveni is in the business of design, manufacture and marketing of customised gears and gearboxes (both high speed and niche low speed gears) having a state-of-the-art design and manufacturing facility at Mysore conforming to international standards. A
Slide 8: Gears Business Group – Financial Performance
Gears Business Group – Financial Performance CAGR 07*-12 The decline in revenue during the Q1 FY13 is 1202 1200 34 on account of lower off-take by OEMs. SALES – 12% 35 35 1043 The overall mix of aftermarket including new PBIT – 16% 33 1014 1000 products, loose gears etc. and high speed 30 produc
Slide 9: Water Industry – Potential To Grow
Water Industry – Potential To Grow Rising Water Demand to double by 2025 from 2000 levels - Growth potential in coming years in both major segments – Municipal and Industrial. Multi-lateral funding actively promoting privatisation and commercialisation of water. Annual estimated market for Wat
Slide 10: Water Industry – Business Perspective
Water Industry – Business Perspective 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. One of the widest ranges of products & technologies offered in
Slide 11: Water Industry – Financial Performance
Water Industry – Financial Performance CAGR 07*-12 The sales for Q1 FY13 have been lower on account SALES – 33% of slow-down at the customers’ end including PBIT – 22% 1866 1900 17 delays in approval of drawings and engineering. 1800 1692 Similar trends of lumpy sales revenue may 1700 1610 1600 16
Slide 12: Sugar Business
Sugar Business SUGAR BUSINESS One of the largest sugar producers in India with seven sugar manufacturing facilities Sugar CO-GENERATION Business DISTILLERY BUSINESS BUSINESS One of the largest Two state of the art single stream co-generation molasses based facilities at two of its distillery in the
Slide 13: Sugar Industry Overview
Sugar Industry Overview Global: Sugar production globally is estimated to be all time high at over 180 million, primarily on account of increase in sugar production from Brazil, the sugar prices globally expected to remain bearish India: The estimated sugar production for the current season may
Slide 14: Sugar Industry Overview
Sugar Industry Overview (Figures in million tonnes) 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 (E) Opening Stock as on 1st Oct. 4.3 11.0 10.4 4.4 5.0 5.5 6.5 Production during the Season 28.3 26.3 14.5 18.9 24.4 26.30 24.5 Imports - - 2.5 4.0 0 0 0 Total Availability 32.6 37.3 27.4 27.3
Slide 15: Sugar Business
Sugar Business Major facilities located in cane rich areas of Western Uttar Pradesh with more than 80% Deoband cane intensity – fertile and irrigated land Chandanpur Sugar cane catchment area for all sugar units under canal irrigation – both in Western Rani Nangal & Central Uttar Pradesh - Lower
Slide 16: Sugar Business
Sugar Business Triveni crushed 1.72 million tonnes cane at an average recovery of 8.95% in Q1 FY13 which is lower by 5% in comparison to the corresponding period in previous season. The lower crush is due to lower operating days in the quarter. On account of better crop and cane development init
Slide 17: Sugar Business - Co-generation Business
Sugar Business - Co-generation Business Three plants in two sugar units viz. Khatauli & Deoband. 1500 1467 45 Net sales during Q1 FY13 stood at ` 38.90 crore as 41 1400 1339 against ` 45.72 crore during the corresponding 1293 40 1300 39 period of last year on account of late start of the 1200 1174
Slide 18: Sugar Business - Distillery Business
Sugar Business - Distillery Business 24 One of the largest single stream molasses based 1300 1264 25 distillery in the country and is located at 1200 22 Muzaffarnagar. 1100 20 Ideally located to use the molasses from two of 1000 the major units viz., Khatauli & Deoband. 889 900 17 Better produ
Slide 19: Sugar Business – Operational Performance
Sugar Business – Operational Performance Co-generation Business Q1 FY 13 Q1 FY 12 Power Generated – (million units) 61.45 71.76 Power Exported – (million units) 40.10 47.38 Distillery Business Q1 FY 13 Q1 FY 12 Production (000 ltr) 12526 8492 Sales (000 ltr) 11288 9004 Avg. realization (`/ltr) 33.89
Slide 20: Q1 FY13 Financial Performance
Q1 FY13 Financial Performance Net Sales (` In Million) PBIT (` In Million) (Overall) (Overall) 5334 273 4246 66 Q1 FY 13 Q1 FY 12 Q1 FY 13 Q1 FY 12 Revenue Composition (` In Million) PBIT (` In Million) 5277 286 4197 92 573 608 47 32 Q1 FY 13 Q1 FY 12 Q1 FY 13 Q1 FY 12 Sugar Engineering Sugar Engine
Slide 21: Q1 FY13 Financial Performance
Q1 FY13 Financial Performance Net Turnover – Sugar Business PBIT – Sugar Business (` In Million) (` In Million) 4501 Q1 FY 13 Q1 FY 12 Q1 FY13 Q1 FY12 145 206 82 3387 59 55 389 501 387 310 -229 Sugar Co-generation Distillery Sugar Co-generation Distillery Net Turnover – Engineering Business PBIT – E
Slide 22: Q1 FY13 Financial Performance – Order Book
Q1 FY13 Financial Performance Order Book in Millions GBG WBG 4550 4200 4850 545 688 486 Q1 FY 13 Q1 FY 12 Sep FY 12 Total - 5095 Total - 4888 Total – 5336 22
Slide 23: Triveni Turbine Ltd. (TTL)
Triveni Turbine Ltd. (TTL) Triveni Turbine Ltd. (TTL) 50% plus one share GE Triveni Ltd. (JV with GE) Board of Directors approved the demerger of Turbine Business from Triveni Engg & Ind Ltd (TEIL) in March 2010 and the demerged entity is Triveni Turbine Limited (“TTL”). TEIL is holding 72 milli
Slide 24: TTL – Pan India Presence
TTL – Pan India Presence Noida Allahabad Ahemdabad Raipur Kolkata Nagpur Latur Mumbai Pune Hyderabad Kolhapur Vijaywada Bengaluru Manufacturing Facility Marketing and Service Centres 24
Slide 25: Power Generation Market
Power Generation Market Market Characteristics - Premium on shorter deliveries. Purchase decision based on high levels of technology, efficiency & lower life cycle cost. Price sensitive market. Strong servicing capabilities and lifetime relationship with the customer is expected. Robust de
Slide 26: Power Generation - Potential to Grow
Power Generation - Potential to Grow Gap between power requirement and generation getting wide - Growing renewable energy market - Huge potential for Biomass based power generation. Costly fuel source to influence replacement of DG to TG sets; thrust on co-generation. Focus on waste heat to en
Slide 27: TTL – Business Perspective
TTL – Business Perspective Cater to wide range of customers across segments like sugar, paper, co-gen, textiles, pharma, steel, IPP. Consistently upgrading the product range and efficiency. The current range of product up to 30MW. Manufacturing since 1968; over 2,500 turbines manufactured an
Slide 28: TTL – Customer Care & Refurbishing
TTL – Customer Care & Refurbishing Customer Care An extensive network of 13 Service centres. A strong team of 185 service professionals. Reaching the customer site within 24 hours of service call. Currently over 900 turbines serviced annually. Refurbishing Full speed vacuum balancing tunne
Slide 29: Financial Performance – Steam Turbine Business
Financial Performance – Steam Turbine Business 6135 6319 6000 CAGR 2006-12 23 25 SALES – 15% 22 22 21.4 5500 PBT – 24%20 5000 4845 4542 5256 20 4680 21 4500 PB T M argins (%) 4000 ` in millions 13 15 3500 3000 2500 2783 10 2000 1289 1350 1500 1135 1140 916 978 5 1000 373 500 0 0 FY 06 FY 07 FY 08 FY
Slide 30: Financial Performance – Q3/9M FY13
Financial Performance – Q3/9M FY13 With the increase in turnover in Q3 by over 20%, the 9 month year-on-year gap has been bridged significantly to 5% from 15% as at the end of H1 FY 13. Focus on exports led to 158% year-on-year increase in turnover for the 9 month period. The aftermarket busin
Slide 31: Financial Performance – Q3/9M FY13
Financial Performance – Q3/9M FY13 (Figures in ` million) Q3 FY 13 Q3 FY 12 Variation 9M FY 13 9M FY 12 Variation Oct - Dec Oct - Dec Q3 FY 13 over Apr - Dec Apr - Dec 9M FY 13 over 2012 2011 Q3 FY 12 2012 2011 9M FY 12 Net sales 1751 1460 20% 4663 4891 (5%) EBITDA 490 355 38% 1245 1132 10% EBITDA M
Slide 32: Joint Venture with General Electric (GE)
Joint Venture with General Electric (GE) Triveni Turbine Ltd. formed a 50:50 Joint Venture with GE on 15th April 2010. GE Triveni Ltd. (GETL) headquartered in Bengaluru, a subsidiary of TTL, will design, manufacture, supply, sell and service advanced technology steam turbines in India in the range
Slide 33: Contact
Contact CN Narayanan Triveni Engineering & Industries Ltd. Tel. +91 120 430 8000 Fax : +91 120 431 1010 cnnarayanan@trivenigroup.com Gavin Desa/ Rishab Barar Citigate Dewe Rogerson Tel: +91 22 66451238 gavin@cdr-india.com / rishab@cdr-india.com -------------------------------------------------------
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