CORPORATE PRESENTATION. Triveni Turbine Ltd. (May 2017)

Transcription

1 CORPORATE PRESENTATION 1

2 Triveni Group Organisation Structure Triveni Engineering & Industries Ltd. (TEIL) Triveni Group TEIL holds 21.8% of the equity in TTL Triveni Turbine Ltd. (TTL) 50% plus one share Sugar Businesses Sugar Businesses Cogeneration Business Distillery Business GE Triveni Ltd. (GETL) Engineering Businesses Gears Business Water Business Triveni Turbines DMCC (TTD) Triveni Turbines Europe Pvt. Ltd. (TTEPL) 2

3 Triveni Turbines Factsheet One of the world s largest manufacturers of steam turbines up to 30 MW range for providing industrial & renewable power solutions Market leadership position in India, with around 60% market share for a decade Joint Venture with General Electric, GE Triveni Ltd, with majority stake for the range above 30 MW to 100 MW 3

4 Triveni Turbines Factsheet Over 3000 steam turbines installed globally Presence in over 70 countries Over 12 GW power generation capacity 4

5 Global Footprint TRIVENI TURBINES EUROPE PVT LTD TRIVENI TURBINES DMCC LTD. THAILAND VIETNAM TRIVENI TURBINE LTD, INDIA 13 SERVICE CENTERS INDONESIA Head Office/ Manufacturing SOUTH AFRICA Subsidiaries International Service Locations CAGR of 25% in Export sales in past 5 years 5

6 Reliable & Robust Steam Turbines Robust back-pressure and condensing steam turbines up to 100 MW that work across a wide range of pressure and flow applications Upto 30 MW Condensing Steam Turbines Uncontrolled Extraction Controlled Extraction Condensing Steam Turbines Straight Condensing Type Extraction Condensing Type Bleed Condensing Type Injection Condensing Type Back Pressure Steam Turbines Uncontrolled Extraction Controlled Extraction Back Pressure Steam Turbines Straight Back Pressure Type Extraction Back Pressure Type Bleed Back Pressure Type Upto 100 MW 6

7 Industries & Applications Sugar Palm Oil Biomass Power Distillery Oil & Gas Cement Paper Textile Waste to Energy Food Chemical Steel IPP Barge Mount Carbon Black District Heating 7

8 Infrastructure 1 State-of-the-art manufacturing facilities equipped to provide manufacturing of critical components, assembly, testing and refurbishing services 2 Latest design tools and software to deliver innovative solutions to customers 8

9 Quality Assurance Our products meet the most stringent International quality standards: 9

10 Design & Development Continuous value engineering helps us to deliver products designed to meet customers requirements for economic installation and operation Strong design team supported by consultants and domain experts Association with globally acclaimed turbo-machinery design houses Innovative designs delivering maximum performance and higher efficiency TTL has filed total 201 IP filings till Mar 31, 2017 Innovative product development concepts such as design to cost, QFD, FMEA techniques, DOE Deploy Latest computer aided design and engineering software for continuous product development The R & D advanced product program has commercialized over 50 models/ variants The Company won the prestigious National Intellectual Property Award 2016 for "Top Organisation in Design" 10

11 Higher Sustained Efficiency Enhancing performance by deploying latest design tools and software Superior Designs Maximising efficiency & reliability by upgrading Product designs Leading Edge Technology Holistic R&D Model Total Customer Satisfaction Retrofit and refurbishment of Triveni and Non-Triveni turbines to make them more cost efficient Cost Efficiencies Delivering more to the customer - help them to achieve unhindered performance at lower cost 11

12 Comprehensive Service Solutions Highly Skilled Team Customised Service Solutions OEM Expertise Total Customer Satisfaction High Repeat Customers Orders Latest Equipment Service Offerings: Full speed vacuum balancing tunnel for balancing turbines, compressors/alternators Customization & upgradation of old turbines for both industrial and utility segments Refurbishment solutions for higher MW turbines, upto 300 MW for all makes Overhauling & Troubleshooting; quick response in the delivery of spares 12

13 Power Generation Market Potential The industrial power generation market represents the decentralised and captive power generating industry. Three principal segments that generate demand in both domestic as well as the export market are: Industrial capital expenditure Both greenfield and brownfield co-generation based captive power plants Opportunity based sale of power to the grid by captive units Renewable Energy Smallscale renewable-based Independent Power Producers, agro-based cogeneration and renewable waste-heat 13

14 ` million Financial Performance (%) FY13 FY14 FY15 FY16 FY17 Net Sales PBT PBT Margins (%) Note: For FY 16 & FY 17 consolidated numbers including Share of Profit from JV have been considered For FY 13 FY 15 standalone figures have been considered 0 14

15 Focus on Exports Exports business growing year-on-year Revenue Split FY 17 Closing Order Book Split FY 17 FY 16 FY 16 53% 36% 64% 47% 41% 52% 48% 59% Domestic Exports Domestic Exports 15

16 FY 17 Financial Performance Net Total Income from Operations at ` 7.45 billion growth of 4% EBITDA of ` 1.95 billion with a margin of 26.2% - an increase of 9% Profit before Tax (PBT) at ` 1.80 billion with a margin of 24.2% - an increase of 10%. Profit after tax (PAT) at ` 1.24 billion with a margin of 17% - increase of 9% Product sales showed a growth of 2% while the aftermarket sales showed a growth of 13% The consolidated export turnover has gone up by 52% to ` 3.91 billion and the proportion to the total sales have also gone up to 53% The overall consolidated closing order book at ` 6.32 billion Return on Capital Employed - 52% Return on Equity - 34% Note:The consolidated result of the Company include the results of fully owned subsidiary, Triveni Turbines (Europe) Pvt. Limited (TTE) based in UK with a 100% step down subsidiary called Triveni Turbines DMCC TTD, located in Dubai. As per the Ind AS, the consolidated revenue does not include the sales of GETL, the JV with General Electric, while the share of TTL s profits in JV is added in the net profit. Details of order booking also do not include GETL. 16

17 Q4 & FY 17 Financial Performance (Figures in ` million) Q4 FY 17 Q4 FY 16 % Change FY 17 FY 16 % Change Total Income % % EBITDA % % EBITDA Margin 25.75% 26.20% 26.24% 25.10% Depreciation & Amortisation % % PBIT % % PBIT Margin 23.46% 24.40% 24.25% 23.00% Finance Cost PBT % % PBT Margin 23.35% 24.40% 24.21% 22.90% Share of Profit of JV % Consolidated PAT % % Consolidated PAT Margin 14.60% 17.20% 16.60% 15.80% EPS (`/share) 0.81* 1.1* * Not annualized 17

18 GE Triveni Ltd. Triveni Turbine Ltd. formed a 50:50 Joint Venture GETL recorded sales of ` 1.21 billion with a PAT of with GE on 15th April GE Triveni Ltd. (GETL) ` 102 million headquartered in Bengaluru, a subsidiary of TTL, The order booking for the JV is also gaining will design, supply, sell and service advanced momentum and expects to have good order inflow technology steam turbines in India in the range in the coming quarters above MW for power generation GETL booked orders worth ` 1.66 billion during FY applications in India and globally 17 GETL gets technology and on-going R&D support After the commissioning of large size turbines and from GE and TTL and use TTL s Bengaluru facility existing strong pipeline of enquiries, good order for turbine manufacturing booking is expected for the full year and next financial year. 18

19 Contact for Investor Relations C N Narayanan Triveni Turbine Ltd. Tel Fax : cnnarayanan@trivenigroup.com Gavin Desa/ Rabindra Basu Citigate Dewe Rogerson Tel: /1248 gavin@cdr-india.com / rabindra@cdr-india.com 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 concerning our business and the markets in which we operate. These statements are based on information currently available to us, and we assume no obligation to update these statements as circumstances change. There are risks and uncertainties that could cause actual events to differ materially from these forwardlooking statements. These risks include, but are not limited to, the level of market demand for our services, the highly-competitive market for the types of services that we offer, market conditions that could cause our customers to reduce their spending for our services, our ability to create, acquire and build new businesses and to grow our existing businesses, our ability to attract and retain qualified personnel, currency fluctuations and market conditions in India and elsewhere around the world, and other risks not specifically mentioned herein but those that are common to industry. Further, this presentation may make references to reports and publications available in the public domain. Triveni Turbine Ltd. makes no representation as to their accuracy or that the company subscribes to those views / findings. 19