CORPORATE PRESENTATION - Triveni Group ... CORPORATE PRESENTATION FEBRUARY 2020 Triveni Group...

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Transcript of CORPORATE PRESENTATION - Triveni Group ... CORPORATE PRESENTATION FEBRUARY 2020 Triveni Group...

  • CORPORATE

    PRESENTATION

    FEBRUARY 2020

  • Triveni Group Organisation Structure

    2

    Triveni

    Group

    Triveni

    Engineering &

    Industries Ltd.

    (TEIL)

    Triveni Turbine

    Ltd. (TTL)

    Sugar

    Businesses Sugar

    Business Co-generation

    Business

    Distillery

    Business

    GE Triveni Ltd.

    (GETL)

    Engineering

    Businesses

    Gears

    Business

    Water

    Business

    Triveni

    Turbines

    Europe Pvt.

    Ltd.

    (TTEPL)

    Triveni

    Turbines

    DMCC

    (TTD)

    TEIL holds 21.8% of the equity in TTL

    50% plus

    one share

    Triveni

    Turbines

    DMCC

    (TTD)

    Triveni

    Turbines

    Africa Pty Ltd

  • Triveni Group Fact Sheet

    3

    Two Independent Listed Companies

    with total FY 19 gross revenue of INR

    39.92 billion (USD 570 million)

    – Triveni Engineering & Industries Ltd.

    and Triveni Turbine Ltd.

    Listed in both National Stock

    Exchange & Bombay Stock

    Exchange

    Promoter driven, professionally

    managed companies with eminent

    and independent Board of

    Directors

    Triveni Engineering is one of the

    largest integrated sugar

    manufacturers in India and market

    leader in its engineering

    businesses comprising high speed

    gears, gearboxes, and water &

    waste water treatment solutions

    Triveni Turbine Ltd. is one of the

    world’s largest manufacturers of

    steam turbines up to 30 MW

    range for providing industrial &

    renewable power solutions

  • 4

    Financial Performance – TEIL (Consolidated)

    In ` million

    Q3 FY 20 Q3 FY 19 Change

    (%) 9M FY 20 9M FY 19

    Change

    (%)

    Gross Revenue 10693 9031 18% 29426 22975 28%

    EBITDA (before exceptional items) 946 1053 (10%) 3855 2511 54%

    EBIDTA Margin 9% 12% 13% 11%

    Share of income from Associates 53 40 31% 164 126 31%

    Profit Before Tax (PBT) 666 887 (25%) 2814 1786 58%

    Profit After Tax (PAT) Consolidated 452 671 (33%) 1975 1366 45%

    Other Comprehensive Income (Net of Tax) (2) 16 (10) 6

    Total Comprehensive Income 450 687 (34%) 1965 1372 43%

    EPS (not annualized) (`/share) 1.82 2.60 7.81 5.29

  • Engineering Businesses

    A leading player in the high

    technology water & wastewater

    management business

    5

    Market leader in High speed gears &

    gear boxes upto 70 MW capacity and

    speed of 70,000 rpm

    Triveni Gears

    Triveni Water

  • Engineering Businesses – Revenue Growth

    0

    500

    1000

    1500

    2000

    2500

    3000

    3500

    4000

    FY 15 FY 16 FY 17 FY 18 FY 19

    3009

    2524 2734

    2874

    3824

    255 70 153 175

    453

    ` in

    m il

    li o

    n s

    Revenue PBIT

    Note:

    For FY 16, FY 17, & FY 18 revenue figures are including excise duty

    6

  • 7

    Triveni Gears

  •  State-of-the-art design and

    manufacturing facility at Mysore

    conforming to international standards

     Design, manufacture and marketing of customised

    gears and gearboxes (both high speed and niche low

    speed gears)

    Gears Business - Overview

    8

  • 9

    Gears Business - Overview

    A

    More than 31,500 MW

    and 7800 gearboxes in

    operation

    Strong presence

    in Replacement

    market

    Leading Turbo Gears

    company in India and

    SE Asia, market share

    of >80% in High

    Speed Segment

    Preferred partner

    to Domestic and

    Multinational OEMs

    Benchmarked to

    global quality

    practices and 5S

    Fully integrated

    plant with all

    critical operations

    in-house with

    state-of-the-art

    infrastructure

    D

    B C

    E

    F

  •  The quarter and nine months under review

    registered a growth of 32% and 31% respectively in

    turnover while the profitability has been higher by

    52% and 53% respectively.

     While the business saw good growth in OEM sales,

    the overall increase in turnover was driven by and

    Spares & Services including retro and loose

    gearings during the period under review.

     Overall the market looks stable with positive signs

    from the OEM segment.

     The business has strong enquiries from Defence

    and is hopeful of concluding some more of them in

    the coming quarters.

    Gears Business – Financial Performance

    1033

    1199

    922

    1118

    1,331

    292 292

    180

    314 381

    0

    200

    400

    600

    800

    1000

    1200

    1400

    FY 15 FY 16# FY 17# FY 18# FY 19

    ` in

    m ill

    io n s

    Net Sales PBIT

    Outstanding Order Book as on 31st Dec 2019 – ` 1.57 billion (including ` 760 million long term orders)

    10

    #revenue figures are including excise duty

  • Triveni Water

    11

  • Water Business - Overview

     During FY 12, the Company has made a

    long term strategic investment by

    acquiring 25.04% equity stake in an

    International Water Technology

    Company, engaged in providing water

    treatment solutions using proprietary

    technology

     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.

     Over 2000 numbers of process equipment for water &

    waste water treatment applications, supplied and

    commissioned till date

    12

  • 13

    Water Business - Overview

    A

    Over 100 successfully operating

    installations across various

    segments – infrastructure,

    industrial and municipal

    Technology associations with the

    world’s leading technology

    providers for various products,

    processes and solutions

    Won many Water

    Awards for Innovative

    project designs

    Approx. 8000 MLD of water

    is treated through our

    projects & equipment

    D

    B C

  • Water Business – Financial Performance

    1976

    1326

    1812 1757

    2493

    -37 -221

    -28

    -139 72

    -500

    0

    500

    1000

    1500

    2000

    2500

    3000

    FY 15 FY 16# FY 17# FY 18# FY 19

    ` in

    m ill

    io n s

    Net Sales PBIT

     Gross revenue of ` 2097 million in 9M FY 20 & PBIT of

    ` 155 million. These numbers are based on

    consolidated results including wholly owned SPV

    executing Mathura Project awarded by NMCG under

    Namami Gange Programme.

     The improved performance is attributed to substantial

    intake of orders during the last year, which resulted in

    increased activities and turnover.

    Outstanding Order Book as on 31st Dec 2019 – ` 11.37 billion

    (including ` 4.91 billion towards O&M)

    14

    #revenue figures are including excise duty

  • Triveni Sugar

    15

  • Sugar Business

    One of the largest sugar

    producers in India with seven

    sugar manufacturing facilities

    Three grid connected

    co-generation plants and three

    incidental co-generation

    plants located across five

    sugar units.

    Two molasses based

    distillery in the country

    located in UP

    Sugar

    Co-generation

    Distillery

    16

  • Sugar Business – Industry Overview

     The country achieved a record sugar production at 33.16

    million tonnes for SS 2018-19. This will be country’s highest

    sugar production so far, out-performing the previous high

    during SS 2017-18. Uttar Pradesh produced 12.1 million

    tonnes of sugar, followed by Maharashtra at over 10.7 million

    tonnes, while Karnataka produced around 4.5 million tonnes

    of sugar.

     As per the industry estimates, closing sugar balance on 30th

    Sept 2019 is estimated at ~ 14.6 million tonnes (opening

    balance of 10.7 million tonnes on Oct 1, 2018, after

    considering consumption of 25.5 million tonnes and exports

    of 3.8 million tonnes.)

     Recently, the Central Government announced creation of

    buffer stock of 4 million tonnes for one year, under which

    share of our Company is 0.13 million tonnes. Under the

    scheme, the reimbursement would be made on a quarterly

    basis to sugar mills against inventory carrying costs and

    which will be used for payment of cane dues.

     The Central Government has kept FRP for the season 2019-

    20 unchanged at same level of ` 275 per quintal as last y