79 slides from Triveni Engineering And Industries's earnings presentation, Mar 5, 2024
Slide 1: Exchange filing cover letter
m· 'PI VEII ENGINEERING & INDUSTRIES LTD. 4 +91120 4308000 +91120 4311010/11 % www. triveni group.com REF: TEI L:SE: Date: 5 March, 2024 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G Dalal Street, Fort, Bandra Kurla Complex, Bandra (E) Mu
Slide 2: Investor Presentation Q3 / 9M FY 24
Investor Presentation Q3 / 9M FY 24 March 2024 1
Slide 3: Agenda
AGENDA COMPANY BUSINESS & FINANCIAL OUR 5-YEAR SHAREHOLDING OVERVIEW INDUSTRY RESULTS JOURNEY PATTERN UPDATES Q3 / 9M FY 24 2
Slide 4: Agenda
AGENDA COMPANY BUSINESS & FINANCIAL OUR 5-YEAR SHAREHOLDING OVERVIEW INDUSTRY RESULTS JOURNEY PATTERN UPDATES Q3 / 9M FY 24 3
Slide 5: Company Overview
COMPANY OVERVIEW Integrated and diversified conglomerate in areas of sugar, bio-ethanol and engineering Located strategically in sugarcane-rich western and central belt of Uttar Pradesh Among the Top 3 sugar manufacturers in India & a leading supplier for bio- ethanol Dominant market player in the e
Slide 6: Triveni at a Glance
TRIVENI AT A GLANCE 61,000 → 63,000 104.5 Tonnes per day Sugarcane Mega Watt crushing capacity# Power Co-generation LOCATION 660 → 860 → 1110 >12,000 22 world-class facilities Kilo Liter Per Day (KLPD) including PTB installations Alcohol/Distillery capacity* across the world 7 Sugar plants 4 Distill
Slide 7: Business Overview
BUSINESS OVERVIEW SUGAR ALCOHOL POWER TRANSMISSION WATER SOLUTIONS • 7 FSSC 22000 certified sugar • State-of-the-art alcohol • 3 business segments – Gears, • Leading solutions provider for plants in U.P., India producing facilities with Defence, Built to Print efficient water management for • 335K+
Slide 8: Our Pan-India Footprint
OUR PAN-INDIA FOOTPRINT 210K+ Hectare Area under Sugarcane 335K+ Farmer Network ~61,000 Tonnes per day crushing capacity TEIL FACILITIES TRIV ENI WATER PROJECTS Note: Map for representation purpose and not to scale OUR SERVICE LOCATIONS 7
Slide 9: Founding Principles
FOUNDING PRINCIPLES STRONG ETHICS SUSTAINABILITY PRODUCT QUALITY TECHNOLOGY RELATIONSHIPS • Professional and • Leadership in all our • Best in class • Consistent R&D of • Sustainable solutions transparent business business lines with manufacturing technology to surpass that create a high practices s
Slide 10: ESG Principles
ESG PRINCIPLES Highest level of ethical and corporate governance Maintaining ecological balance while ensuring standards, with stringent compliances business excellence 02 01 Harnessing co-products to become raw Best-in-class sustainable processes and materials for other products, thus solutions acr
Slide 11: Our ESG Driven Approach to Business
OUR ESG DRIVEN APPROACH TO BUSINESS ENVIRONMENTAL SOCIAL GOVERNANCE • Environment conservation is • Along with sustained economic • We have in place a robust a key element of our ESG performance, we believe in corporate governance focus. the importance of social framework. stewardship. • We strive t
Slide 12: Agenda
AGENDA COMPANY BUSINESS & FINANCIAL OUR 5-YEAR SHAREHOLDING OVERVIEW INDUSTRY RESULTS JOURNEY PATTERN UPDATES Q3 / 9M FY 24 11
Slide 13: Sugar
Lid ven [ENGINEERING & INDUSTRIES LTD SUGAR
Slide 14: Our Sugar Business Profile
OUR SUGAR BUSINESS PROFILE Strategic Manufacturing Presence We manufacture Deoband Rani Nangal (District Moradabad) Refined sugar for high-grade end users (District Saharanpur) Milak Narayanpur(District Rampur) Various grades of pharmaceutical sugar, which Khatauli (District Muzaffarnagar) Chandanpu
Slide 15: The Triveni USP
THE TRIVENI USP • Strategic Location: Presence in Western and Central UP which has one of the best cane area with high yields and water availability. Strong farmer relations, timely sugarcane payment resulting in high drawl rates and good cane productivity • Strong recovery: The Company has one of t
Slide 16: Stellar Sugar Business Performance Year After Year
2014-15 1.67 2014-15 49.05 2015-16 1.57 2015-16 48.85 2016-17 1.67 2016-17 70.77 2017-18 95.21 2017-18 1.83 2018-19 94.03 2018-19 1.94 2019-20 100.92 2019-20 1.92 Sugar Produced (Lakh Quintals) 2020-21 93.80 2020-21 1.96 Area under Sugarcane (Lakh Hectares) 2021-22 88.75 2021-22 1.98 2022-23 95.34 2
Slide 17: Sugarcane Development Programme
SUGARCANE DEVELOPMENT PROGRAMME • Significant focus on Yield improvement through various agronomic interventions (e.g. wide spacing, trench planting, etc.) • Emphasis on before wheat planting has led to an overall increase in its area, providing higher time in the field to the spring planted sugarca
Slide 18: Our Sugar Business Initiatives
OUR SUGAR BUSINESS INITIATIVES Expansion in the capacity at Sabitgarh sugar Structured Sugarcane Development unit by 2000 TCD (from 7000 TCD to 9000 Programme for varietal substitution to TCD). With the proposed expansion, the 01 02 gradually replace the star Co-0238 variety total crushing capacity
Slide 19: Triveni Brands: Getting Future Ready
TRIVENI BRANDS: GETTING FUTURE READY • Triveni sees a bright future for branded sugar in India, set to grow at double digit CAGRs over the next 5 years • Tremendous scope to bring to market higher grade and quality offerings with premiumization trends • Focus on high quality products under trustwort
Slide 20: Positive Momentum in Sugar Realisations
TRIVENI: POSITIVE MOMENTUM IN SUGAR REALISATIONS Triveni Sugar Realisation (Domestic) (₹/Quintal) 4,062 3,934 3,932 3,851 3,872 3,855 3,717 3,713 3,737 3,761 3,685 3,696 3,732 3,653 3,593 3,639 3,523 3,570 3,526 3,505 3,539 3,488 3,517 3,620 3,615 3,568 3,521 3,527 3,511 3,513 3,478 3,394 3,340 3,30
Slide 21: India Sugar Balance Sheet
INDIA SUGAR BALANCE SHEET: LOWER PRODUCTION EXPECTED IN ONGOING SUGAR SEASON in million tonnes +3.2* +3.8* +1.7* 35.8 32.8 31.4 27.327.928.5 11.1 8.2 7.0 8.4 5.6 6.4 5.6 5.6 - Opening Stock as on Production Internal Consumption Exports Closing Stock as on 1st Oct 30th Sep 2021-22 2022-23 2023-24e So
Slide 22: Industry Updates
INDUSTRY UPDATES • On January 18, 2024, the Government of Uttar Pradesh revised the State Advised Price (SAP) of sugarcane for Sugar Season 2023-24 by ₹20 per quintal across all categories • On December 15, 2023, Department of Food and Public Distribution (DFPD) issued directions that in view of low
Slide 23: Global Sugar Prices Robust
GLOBAL SUGAR PRICES ROBUST • Global Sugar Balance Sheet pointing to surplus: International reports now forecasts a global sugar surplus in SS 2024-25, largely driven by record sugar production in Brazil offsetting lower production in India and Thailand. • Record Sugar Output expected in Brazil: Suga
Slide 24: Alcohol
Lid ven [ENGINEERING & INDUSTRIES LTD ALCOHOL
Slide 25: Our Alcohol Business Profile
OUR ALCOHOL BUSINESS PROFILE Flexibility of feedstock and product mix We produce Rani Nangal Facility: Dual-feed 200 KLPD* Bio-ethanol Muzaffarnagar 2 Facilities: Milak Narayanpur Facility: Dual-feed 200 KLPD Extra Neutral Alcohol (ENA), Rectified Spirit (RS) Molasses 200 KLPD and Grain 60 KLPD and
Slide 26: Our Alcohol Business Strengths
OUR ALCOHOL BUSINESS STRENGTHS • Integrated operations provides assurance of feedstocks (molasses, syrup) for distillery operations and fuel for manufacturing (bagasse) thus ensuring full capacity utilization to maximize production • Flexibility of both feedstock (grain/sugarcane based) and product
Slide 27: Timely and Efficient Investments Towards Distillation Capacities
TIMELY AND EFFICIENT INVESTMENTS TOWARDS DISTILLATION CAPACITIES • Triveni has been at the forefront of setting up distillation capacities ₹ 230 CRORE in a timely and efficient manner ₹ 230 CRORE 1110 • Short timeframe in setting up ₹ 100 CRORE large scale distilleries utilizing the 860 entire range
Slide 28: Our Alcohol Business Initiatives
OUR ALCOHOL BUSINESS INITIATIVES Our ongoing initiatives in Alcohol business Overall capacity will be further expanded Focus on maximising Enhancing various Enhancement of sugarcane availability: through new multi-feed distillery in Rani production with value adding Higher sugarcane crush will boost
Slide 29: Value Added Proposition: DDGS
OUR VALUE ADDED PROPOSITION: DISTILLERS DRIED GRAIN SOLUBLES (DDGS) Facilities at Milak Narayanpur & Muzaffarnagar to help us enhance our value proposition through their partial/full operations on grains • The by-product of grain-based operations, DDGS, is a protein rich product derived from grains
Slide 30: Value Added Proposition: Potash-Rich Ash
OUR VALUE ADDED PROPOSITION: POTASH-RICH ASH • The process of conversion of molasses to ethanol generates spent wash (an effluent) which upon concentration is called Slop, further used as fuel in the Incineration boilers which leads to fly ash generation which is rich in potash • We supply this pota
Slide 31: Value Added Proposition: CO2
OUR VALUE ADDED PROPOSITION: CO 2 • In the fermentation process of alcohol manufacturing, carbon dioxide is generated as a by-product. This carbon dioxide can be captured, purified, liquified and put into cylinders or converted into dry ice. • The Company has a carbon dioxide capturing unit at its S
Slide 32: Alcohol Segment Driven by Ethanol Demand
ALCOHOL SEGMENT DRIVEN BY ETHANOL DEMAND • Government actively promoting the production Ethanol Demand Drivers and blending of bio-ethanol with petrol, and has targeted 20% blending under Ethanol Blended Petrol (EBP) Programme by 2025 or EBP20 need for renewable • To achieve the target of 20% blendi
Slide 33: Sugarcane - The Mainstay of the Ethanol Blending Programme
SUGARCANE - THE MAINSTAY OF THE ETHANOL BLENDING PROGRAMME India Ethanol Scenario • Ethanol from sugarcane route has dominated and contributed to higher percentage in terms of supplied 86% 86% 83% quantities as compared to contracted 81% 73% quantities. 69% 61% 55% • We believe sugarcane will remain
Slide 34: Industry Updates
INDUSTRY UPDATES • On December 15, 2023, Department of Food and Public Distribution (DFPD) issued directions that in view of lower expected sugar production in the country (wherein the major drop is mainly from Maharashtra & Karnataka), the sugar industry to restrict the sugar sacrificed through the
Slide 35: Continued Ethanol Pricing Improvements
CONTINUED ETHANOL PRICING IMPROVEMENTS • Government has been incentivizing the industry through supportive ethanol prices under the EBP Programme • Recently, prices have been revised for ethanol produced from Maize and C-heavy molasses for ESY 2023-24 India Ethanol Pricing (₹/litre) 75.00 70.00 65.0
Slide 36: Power Transmission
POWER TRANSMISSION
Slide 37: Diverse Product & Solutions Portfolio
DIVERSE PRODUCT & SOLUTIONS PORTFOLIO • High power & high speed gears designed for steam turbines, gas turbines, compressors, pumps, blowers, and other special purpose industry applications Integrally Geared Centrifugal Compressors & Pumps • Niche low speed gearboxes for mini hydel turbines, Blowers
Slide 38: Serving a Multitude of Industries
SERVING A MULTITUDE OF INDUSTRIES Industries We Serve Power Oil & Refinery & Chemical & Sugar Cement Rubber & Steel Marine Generation Gas Petrochemical Fertiliser Plastics (IPPs) Note: Sample list 37
Slide 39: Enabling OEMs Consistently
ENABLING OEMS CONSISTENTLY >50,000 MW globally installed gears capacity Steam Turbines Gas Turbines Centrifugal Compressors Reciprocating Compressors Centrifugal Pumps Fans and Blowers Hydel Turbines 38
Slide 40: Delighting Customers Across All Continents
DELIGHTING CUSTOMERS ACROSS ALL CONTINENTS 12,000+ high speed gearbox 160 installations globally 76 107 11,650 11,200 More than 1150 Global Supplies (excl. India) 110 10 27 Majority Global Supplies Made to South East Asia 96 10 39
Slide 41: Multi-Pronged Strategy in Power Transmission Business
MULTI-PRONGED STRATEGY IN POWER TRANSMISSION BUSINESS Pillars of our strategic approach: • World-class technology • Automation & Digitalisation • Associations & tie-ups • Cost management & efficiencies 40
Slide 42: Foray into Defence
FORAY INTO DEFENCE Our Defence Portfolio: • Propulsion Gearboxes and other critical gearboxes • Critical Turbo and Motor-driven Pumps • Gas Turbine Generators for auxiliary power • Steam Turbines to complex Turbo-Auxiliaries • Propulsion System Integration • Propulsion Shafting • Solutions for Steer
Slide 43: Power Transmission Business Highlights
POWER TRANSMISSION BUSINESS HIGHLIGHTS • Among the largest engineered to order turbo gear manufacturer • Largest domestic market share across OEMs & Patronised by global OEMs across application spectrum like STG/GTG/ Compressor / Pumps / Blower / ID-FD Fans • One of the few companies globally cateri
Slide 44: Power Transmission Business Initiatives
POWER TRANSMISSION BUSINESS INITIATIVES Gearing for future growth Investments towards new bay (grinder/ hobber/ equipment) for both power transmission Capex announced towards & defence products expansion of power transmission Expansions include business aggregating to ₹360 setting up a new crore, of
Slide 45: Power Transmission Business Outlook
POWER TRANSMISSION BUSINESS OUTLOOK Outlook for the domestic product segment within high speed gears is extremely promising as industrial CapEx in sectors like sugar, distillery, oil & gas, cement, steel is growing and have been supported by policies and robust economic growth Focus on market share
Slide 46: Water Solutions
/ENGINEERING & INDUSTRIES LTD. WATER SOLUTIONS
Slide 47: Water & Wastewater Opportunities and the Way Forward
WATER & WASTEWATER OPPORTUNITIES AND THE WAY FORWARD • Global water crisis: Increased demand for water resources, more than 2 billion people globally live in water stressed countries. Situation is getting worse with climate change • Water is undervalued, and proper incentives are not in place to use
Slide 48: Leading Solutions Provider for Efficient Water Management
LEADING SOLUTIONS PROVIDER FOR EFFICIENT WATER MANAGEMENT FOR INDUSTRIAL, MUNICIPAL, URBAN APPLICATIONS We are committed to contributing sustainable solutions that lead to environmental protection with an enhanced quality of life. Advanced Solutions Key Highlights • Wide range of innovative water/wa
Slide 49: Serving a Wide Variety of Industries
SERVING A WIDE VARIETY OF INDUSTRIES Municipal WTP/STP CETP/ZLD for Refineries Steel Plants Industrial clusters Non-ferrous Oil & Gas Thermal Power Hydro Power Plant Industries Plants Sugar & Allied Coal Sand Processing Desalination Industries Plant Note: Sample list 48
Slide 50: Water Business Growth Drivers
WATER BUSINESS GROWTH DRIVERS Government investments in More PPP/HAM opportunities arising from EPC and HAM projects Water Boards and ULBs Increasing domestic Focus of NMCG (National opportunities in recycle, Mission for Clean Ganga) on reuse, zero liquid discharge Ganga tributaries to trigger busin
Slide 51: Select Ongoing Water & Wastewater Projects
SELECT ON GOING WATER & WASTEWATER PROJECTS • Awarded the Pali HAM/PPP project • Awarded an EPC Project in Bangladesh under a joint-venture with a local company • Awarded the Bhiwadi 6 MLD Zero Liquid Discharge project • 205 MLD STP (3 Phases) at Kondli based upon new NGT norms for Delhi Jal Board f
Slide 52: Water & Wastewater Developments and the Way Forward
WATER & WASTEWATER DEVELOPMENTS AND THE WAY FORWARD • After achieving success in Maldives and Bangladesh, Water business is trying to expand activities in overseas markets • Domestic market opportunities are increasing in Recycle & Reuse of wastewater and water business is equipped to target this ma
Slide 53: Agenda
AGENDA COMPANY BUSINESS & FINANCIAL OUR 5-YEAR SHAREHOLDING OVERVIEW INDUSTRY RESULTS JOURNEY PATTERN UPDATES Q3 / 9M FY 24 52
Slide 54: Q3/9M FY 24: Healthy Performance
Q3/ 9M FY 24: HEALTHY PERFORMANCE Good performance in • Better performance in terms of crush and recovery during Q3 FY 24 in the ongoing Sugar Season (SS) 2023-24. Crush higher by 6.7%, net Recovery higher by 38 bps (after considering ongoing SS 2023-24 diversion of sugar in B-heavy molasses) and su
Slide 55: Q3/9M FY 24: Updates
Q3/ 9M FY 24: UPDATES • Approved venturing into new business of manufacturing, marketing and selling own brands in the Foray into Indian premium segment of Indian Made Foreign Liquor (IMFL) as a forward integration of the distillery Made Foreign operations. • Setting up a state-of-the-art bottling p
Slide 56: Financial Highlights Q3 / 9M FY 24
FINANCIAL HIGHLIGHTS Q3 / 9M FY 24 ₹ Crore Q3 FY 24 Q3 FY 23 Change % 9M FY 24 9M FY 23 Change % Revenue from Operations (Gross) 1,553.6 1,658.7 -6.3% 4,603.3 4,491.8 2.5% Revenue from Operations (Net of excise duty) 1,311.2 1,462.7 -10.4% 3,918.0 4,034.3 -2.9% EBITDA 214.9 230.7 -6.8% 427.3 411.5 3
Slide 57: SS 2023-24: Better Performance in Ongoing Season
SS 2023-24: BETTER PERFORMANCE IN ONGOING SEASON Sugarcane Crushed (Million Tonnes) Sugar Production (Tonnes) Net Recovery (%) +6.7% +10.9% 3.33 324959 9.76 292888 9.38 3.12 SS 2022-23 (OCT - DEC) SS 2023-24 (OCT - DEC) SS 2022-23 SS 2023-24 SS 2022-23 SS 2023-24 • Better performance in terms of cru
Slide 58: Sugar: Improved Blended Realisations
SUGAR: IMPROVED BLENDED REALISATIONS Sugar Dispatches (Tonnes) Average Blended Realization (₹/MT) -13.0% (Total) +6.4% +5.9% -17.6% (Total) 755272 657411 62046 39524 14531 255837 38099 62046 210861 693226 642880 37153 35976 193791 210861 Q3 FY 23 Q3 FY 24 9M FY 23 9M FY 24 Q3 FY 23 Q3 FY 24 9M FY 23
Slide 59: Sugar: Improved Profitability
SUGAR: IMPROVED PROFITABILITY ₹ Crore REVENUE PBIT +3.8% -8.2% -9.2% +5.5% 147.3 3,191.0 2,930.4 141.9 1,131.6 119.9 1,027.0 113.7 Q3 FY 23 Q3 FY 24 9M FY 23 9M FY 24 Q3 FY 23 Q3 FY 24 9M FY 23 9M FY 24 • Higher sugar realisations have led to much improved contribution margins, which have offset the
Slide 60: Alcohol: Robust Sales Volumes
ALCOHOL: ROBUST SALES VOLUMES Alcohol Production (KL) Alcohol Sales (KL) +8.3% +2.8% -4.2% +2.8% 135281 127226 137830 131537 46275 44313 42615 43828 Q3 FY 23 Q3 FY 24 9M FY 23 9M FY 24 Q3 FY 23 Q3 FY 24 9M FY 23 9M FY 24 Avg. Realisation (₹/litre) • Higher alcohol sales due to full year impact and +
Slide 61: Alcohol: Improved Turnover
ALCOHOL: IMPROVED TURNOVER ₹ Crore NET REVENUE* PBIT +16.0% -5.6% 946.8 -25.4% +7.6% 816.2 147.2 138.9 285.6 307.3 50.1 37.4 Q3 FY 23 Q3 FY 24 9M FY 23 9M FY 24 Q3 FY 23 Q3 FY 24 9M FY 23 9M FY 24 * Revenue net of excise duty • Net turnover was boosted by higher alcohol sales and higher volumes in t
Slide 62: Power Transmission: Healthy Revenue and Profitability Growth
POWER TRANSMISSION: REGISTERING HEALTHY REVENUE AND PROFITABILITY GROWTH ₹ Crore REVENUE PBIT +33.9% +44.8% +17.5% +25.8% 203.6 73.7 152.1 50.9 60.5 71.1 21.0 26.5 Q3 FY 23 Q3 FY 24 9M FY 23 9M FY 24 Q3 FY 23 Q3 FY 24 9M FY 23 9M FY 24 • Increase in 9M FY 24 turnover and profitability (PBIT) by 33.9
Slide 63: Power Transmission 9M FY 24 Order Booking Up 24.3%
POWER TRANSMISSION 9M FY 24 ORDER BOOKING UP 24.3% Y-o-Y ₹ Crore Order Booking Closing Order Book +24.3% +13.1% +7.5% 240.5 297.2 193.4 262.7 79.6 85.6 Q3 FY 23 Q3 FY 24 9M FY 23 9M FY 24 Q3 / 9M FY 23 Q3 / 9M FY 24 • Domestic outlook remains strong in steel sector with planned brownfield and greenf
Slide 64: Water: Closing Order Book Remains Robust
WATER: CLOSING ORDER BOOK REMAINS ROBUST ₹ Crore REVENUE PBIT Closing Order Book* +7.2% -24.2% -19.9% -48.8% 237.4 15.8 1,503.3 1,248.8 180.0 14.8 103.9 7.7 53.2 6.2 Q3 FY 23 Q3 FY 24 9M FY 23 9M FY 24 Q3 / 9M FY 23 Q3 / 9M FY 24 Q3 FY 23 Q3 FY 24 9M FY 23 9M FY 24 • Revenues declined due to delay i
Slide 65: Agenda
AGENDA COMPANY BUSINESS & FINANCIAL OUR 5-YEAR SHAREHOLDING OVERVIEW INDUSTRY RESULTS JOURNEY PATTERN UPDATES Q3 / 9M FY 24 64
Slide 66: 5-Year Highlights
5-YEAR HIGHLIGHTS Well Diversified and • FY 19-23 Gross Revenue CAGR 19.0% Growing Revenues • Rising revenue contribution from non-sugar business from 21% to 34% during FY 2019-23 Progressively • FY 19-23 PBIT CAGR 17.5% improving profitability • Sugar contribution progressively reducing; from 66% i
Slide 67: Well Diversified and Growing Revenue Base
WELL DIVERSIFIED AND GROWING REVENUE BASE FY 19-23 Revenue CAGR 19.0% Rising non-sugar contribution from 21% to 34% during FY 2019-23 Revenue from Operations (Gross)* Segment-wise Contribution to Revenue from Operations# ₹ Crore 2% 2% 2% 3% 3% 8% 7% 6% 6% 6,310 11% 6% 7% 9% 16% 4% 3% 3% 4% 21% 4% 4,
Slide 68: Progressively Increasing Profitability
PROGRESSIVELY INCREASING PROFITABILITY WITH HEALTHY CONTRIBUTION FROM NON-SUGAR BUSINESSES FY 19-23 PBIT CAGR 17.5% Sugar contribution progressively reducing; 49% in FY 2023 Profit Before Interest and Tax (PBIT) Segment-wise PBIT Contribution 2% 4% 5% 5% 4% ₹ Crore 11% 9% 8% 10% 13% 21% 19% 576 603
Slide 69: Strong Balance Sheet Position
STRONG BALANCE SHEET POSITION Total Consolidated Debt (₹ Crore) Total Consolidated Debt To Equity (x times) 1,725.9 1.51 1,558.2 1,568.0 1.16 994.0 913.8 0.64 0.82 0.32 FY 19 FY 20 FY 21 FY 22 FY 23 FY 19 FY 20 FY 21 FY 22 FY 23 Average Cost of Debt (Standalone) Long-term credit rating ICRA AA ICRA
Slide 70: Creating Shareholder Value
CREATING SHAREHOLDER VALUE Cash Generation during FY 19-23 ₹ 3581 crore Capital Dividends & Buybacks Funds Retained for Expenditure* (incl. taxes) Working Capital ₹ 929 crore ₹ 1,415 crore ₹ 1,237 crore (26% of cash (40% of cash (34% of cash generation) generation) generation) Healthy mix of investm
Slide 71: Enhancing Shareholder Returns Through Buybacks & Dividends
ENHANCING SHAREHOLDER RETURNS THROUGH COMBINATION OF BUYBACKS & DIVIDENDS ₹ Crore Buyback of Shares Dividend Dividend Payout Ratio (%) 800 78.6 71.1 21% 100 15% 17% 65 42.3 10% 10% 27.3 18.1 FY 20 FY 21 FY 23 FY 19 FY 20 FY 21 FY 22 FY 23 FY 19 FY 20 FY 21 FY 22 FY 23 Past history of returning cash
Slide 72: Agenda
AGENDA COMPANY BUSINESS & FINANCIAL OUR 5-YEAR SHAREHOLDING OVERVIEW INDUSTRY RESULTS JOURNEY PATTERN UPDATES Q3 / 9M FY 24 71
Slide 73: Shareholding Pattern
SHAREHOLDING PATTERN 4.42% 8.32% 60.98% 21.00% 2.29% 1.89% 1.10% Promoter Group Foreign Portfolio Investors Mutual Funds + AIF Resident Individuals Corporate Bodies NRI Others Note: For the quarter ending December 31, 2023. Others comprise of Clearing members, HUF, Trust, IEPF, Key Managerial Person
Slide 74: Investors Contact
INVESTORS CONTACT Surabhi Chandna Gavin Desa/ Rishab Brar Triveni Engineering & Industries Ltd. Citigate Dewe Rogerson Tel. +91 120 430 8000 Fax : +91 120 431 1010 Tel: +91 22 66451237/1235 ir@trivenigroup.com gavin@cdr-india.com / rishab@cdr-india.com www.trivenigroup.com 73
Slide 75: 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 76: Commonly Used Terms
COMMONLY USED TERMS Term Definition AGMA American Gear Manufacturers Association (AGMA) Colourless liquid produced by natural fermentation of sugary feedstocks and used as an intoxicating constituent of Alcohol potable spirits, industrial solvent and as fuel API American Petroleum Institute ASP Acti
Slide 77: Commonly Used Terms
COMMONLY USED TERMS Term Definition Ethanol that has additives to make it poisonous, bad tasting, foul smelling or nauseating to discourage its Denatured spirit recreational consumption. Distillation Process of separating alcohol from water via evaporation and condensation Ethanol Blended Petrol. Th
Slide 78: Commonly Used Terms
COMMONLY USED TERMS Term Definition Distillery producing Ethanol / Alcohol using various feedstocks such as sugarcane juice/syrup, grains, B-Heavy Multi-feed distillery molasses, C-Heavy molasses NGT National Green Tribunal O&M Operations & Maintenance OMC Oil Marketing Companies Potable alcohol Hig
Slide 79: Thank You
Lid ven [ENGINEERING & INDUSTRIES LTD