Blue Star Limited · NSE:BLUESTARCO
Blue Star — Q4 FY2020 Earnings Presentation
32 slides from Blue Star's earnings presentation, May 14, 2020
Slide 1: Cover letter to stock exchanges
May 14, 2020 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai - 400 001 Mumbai - 400 051 BSE Scrip Code: 500067 NSE Symbol: BLUESTARCO Dear Sir/Ma’am, Sub: Investor Presentation – Q
Slide 2: Blue Star Limited Investor Presentation – Q4FY20 and FY20
Blue Star Limited Investor Presentation – Q4FY20 and FY20 May 13, 2020 1
Slide 3: About Blue Star
About Blue Star • India’s leading air-conditioning, commercial refrigeration and MEP contracting company • Total Revenue from Operations: ~ Rs. 5360 crores • Employee Strength: 2885 • 5 manufacturing facilities; 32 offices; 3900 channel partners • Presence in 18 international markets in the Middle E
Slide 4: Blue Star – Vision & Credo
Blue Star – Vision & Credo Vision : “To dream, to strive, to care and, above all to be the best in everything we do.” Credo : “I am Blue Star. I take pride in delivering a world- class customer experience.” 3
Slide 5: Governance Structure
GovernanceStructure Governance Structure Chairmen Emeriti Ashok M Advani Suneel M Advani Board of Directors Shailesh Haribhakti Vir S Advani B Thiagarajan Chairman Vice Chairman & Managing Director Managing Director Sam Balsara Rumjhum Chatterjee Anil Harish Arvind K Singhal Rajiv R Lulla Sunaina Mu
Slide 6: Business Segments
Business Segments 5
Slide 7: Segment I: Electro-Mechanical Projects and Commercial Air Conditioning Systems
Segment I Electro-Mechanical Projects and Commercial Air Conditioning Systems 6
Slide 8: Electro-Mechanical Projects
Electro-Mechanical Projects • Design, engineering, procurement and execution of MEP projects in buildings, factories and infrastructure (Metros & Airports) segments • Large central air conditioning & ventilation projects • Electrical projects • Plumbing projects • Fire-fighting projects • Mechanical
Slide 9: Commercial Air Conditioning Systems
Commercial Air Conditioning Systems • Complete range of energy-efficient Packaged and Ducted split air conditioners • Innovative new generation Inverter ducted system • VRF V Plus, the fifth generation VRF designed for Indian conditions and higher efficiency • VRF IV S, Side Discharge system for Res
Slide 10: Commercial Air Conditioning Systems
Commercial Air Conditioning Systems • Highly efficient 5 Star rated Configured Oil Free chillers • Mix and Match Configured Series- Air-Cooled and Water-Cooled Screw chillers • Energy-efficient 3 Star Inverter scroll chillers • Process chillers for industrial and non-comfort cooling applications • W
Slide 11: After Sales Service
After Sales Service • India’s largest air conditioning and refrigeration service provider • Maintaining around 2 million tonnes of air conditioning and refrigeration equipment • Reach to more than 4000 towns handling > 1.2 million service calls a year • Runs an excellence programme titled “Gold Stan
Slide 12: International Business
International Business • Headquartered and managed by the Company’s wholly owned subsidiary at Dubai. • Offers Air Conditioning and Refrigeration products, after-sales service as well as system integration in global markets. • Product portfolio includes Unitary products, DX Commercial, refrigeration
Slide 13: Some of our prestigious projects
Some of our prestigious projects Bangalore Metro Gift City Tata Power - HT Substation Tata Steel 12 Chhatrapati Shivaji International Airport-T2 Parliament House
Slide 14: Some of our prestigious international projects
Some of our prestigious international projects China Centre, Seeb, Oman Al Dafna West Bay, Doha Kuala Lumpur Grand Hyatt , Malaysia Polonnaruwa Auditorium, Sri lSanka 13 Qatar University, Qatar Lexus Car Show room,DFC,Dubai
Slide 15: Segment II: Unitary Products
Segment II Unitary Products 14
Slide 16: Room Air Conditioners
Room Air Conditioners • Installed base of over two million units. • Products available in 6000 outlets in more than 650 locations across the country. • Focus on inverter technology and energy efficient products. • Focus on residential as well as corporate and commercial customers • Aesthetics and lo
Slide 17: Low penetrated market and growing middle class offer opportunity for growth
Low penetrated market and growing middle class purchasing power offer immense opportunity for growth… Market Size (Units in millions) – FY20 Penetration % - FY20 140.0 60.0% 80.0 30.0% 5.4 6.0% Global China India Global China India Blue Star Market Share (%) 12.3% 12.5% 11.1% 11.5% 10.5% FY16 FY17 F
Slide 18: Commercial Refrigeration Products
Commercial Refrigeration Products • Wide range of commercial refrigeration equipment • Market leader in most of the segments • Products having latest technology with innovative features: – Deep Freezers – Bottle Coolers – Visi Coolers/Freezers – Storage Water Coolers/Dispensers – Bottled Water Dispe
Slide 19: Water Purifiers
Water Purifiers • Comprehensive range of stylish value for money as well as premium and differentiated range of RO+UV+UF products across price points from Rs 7,900 to Rs 46,900 • Unique features such as cold and hot water, filter change alerts, aqua taste boosters and electronic dispensing • Availab
Slide 20: Manufacturing Facilities
Manufacturing Facilities DADRA AHMEDABAD WADA 5 State of the art Automated Factories Kala Amb Kala Amb - – Village Rampur Ogli (HP) Jattan (HP) 19
Slide 21: Manufacturing Facilities
Manufacturing Facilities • Specialise in manufacturing a variety of highly engineered and custom-built products. • Manufacturing footprint of 1 lakh square meter. • Over 300 models manufactured across 25 product lines. • Lean manufacturing and world-class practices. • Green Building initiative - Wad
Slide 22: Manufacturing Facilities
Manufacturing Facilities • Using Product Life Cycle to improve New product Introduction process • Improved Operators efficiency through Digital Work Instruction, Augmented reality, Auto guided vehicle, Additive manufacturing, Poka Yoke, e QMS, Automatic storage & retrieval system • Usage of advance
Slide 23: Research & Development
Research & Development • Department of Scientific & Industrial Research (DSIR) approved R&D facilities • Consistent investment in R&D to enhance company’s product offerings and technical capabilities • Focus on energy efficient and sustainable products and technologies • High level of product develo
Slide 24: Segment III: Professional Electronics & Industrial Systems
Segment III Professional Electronics & Industrial Systems 23
Slide 25: Professional Electronics & Industrial Systems
Professional Electronics & Industrial Systems • Managed by the Company’s wholly owned subsidiary, Blue Star Engineering & Electronics Ltd • Lines of Business include: – Healthcare Systems: MRI & CT Scanner – Data Security Solutions: Payment HSM, PKI, Encryption – Infra Security System: Video Surveil
Slide 26: Financial Performance
Financial Performance 25
Slide 27: Financial Performance – FY20
Financial Performance – FY20 Revenue (Rs Cr) EBITDA (Rs Cr) 5235 5360 347 283 FY19 FY20 FY19 FY20 PBT (Before exceptional items) (Rs Cr) Earnings per share (EPS) (Rs ) 19.75 248 14.87 210 FY19 FY20 FY19 FY20 26
Slide 28: Balance Sheet indicators – FY20
Balance Sheet indicators – FY20 Net Borrowing (Rs Cr) Debt / Equity (times) 0.3 0.2 244 155 * FY19 FY20 FY19 FY20 Capital Turnover (times) Return on Capital Employed (%) 30% 25% 5.7 5.3 FY19 FY20 FY19 FY20 27
Slide 29: Segment 1: EMP and Commercial Air-Conditioning systems
Segment 1: EMP and Commercial Air-Conditioning systems Segment Revenue (Rs Cr) Segment Results (Rs Cr) 2748 2827 151 120 FY19 FY20 FY19 FY20 Capital Employed (Rs Cr) Return on Capital Employed (%) 515 448 31% 25% FY19 FY20 FY19 FY20 Blue Star continued to maintain its dominant position in integrated
Slide 30: Segment 1: Orders Booked and Carry forward Orders
Segment 1: EMP and Commercial Air-Conditioning systems Orders Booked Carry forward Orders (Rs Cr) (Rs Cr) 3105 2952 2813 2283 Growth of 11% FY19 FY20 FY19 FY20 29
Slide 31: Segment 2: Unitary Products
Segment 2: Unitary Products Segment Revenue (Rs Cr) Segment Results (Rs. Cr) 2269 2301 186 162 FY19 FY20 FY19 FY20 Capital Employed (Rs Cr) Return on Capital Employed (%) 469 304 44% 42% FY19 FY20 FY19 FY20 30
Slide 32: Thank you
Thank you 31