Blue Star Limited Investor Presentation May 3, 2019 1 About Blue - - PowerPoint PPT Presentation
Blue Star Limited Investor Presentation May 3, 2019 1 About Blue Star Indias leading air-conditioning, commercial refrigeration company and MEP contracting company Total Revenue from Operations: ~ Rs. 5200 crores Employee
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May 3, 2019
leading air-conditioning, commercial refrigeration company and MEP contracting company
East, Africa and South Asia
and residential customers
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Vision : “To dream, to strive, to care and, above all to be the best in everything we do.”
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Credo : “I am Blue Star. I take pride in delivering a world- class customer experience.”
Board of Directors
Anil Harish Independent Director Dinesh Vaswani Non-Executive Director Vir S Advani Vice Chairman & Managing Director Suneel M Advani B Thiagarajan Managing Director Ashok M Advani Rajiv R Lulla Non-Executive Director Gurdeep Singh Independent Director
Chairman Emeritus
Shailesh Haribhakti Chairman Shobana Kamineni Independent Director Sam Balsara Independent Director Rumjhum Chatterjee Independent Director Arvind K Singhal Independent Director Sunaina Murthy Non-Executive Director
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Superior project delivery through intelligent engineering, modern execution practices, and committed teams
(fourth year in a row)
(Central and Packaged Air Conditioning Products)
contracting, installation and maintenance
customers in the corporate, commercial and industrial sectors
Industrial, Infrastructure, Metro, Power, Hospitality, Education, IT/ITeS, Retail and Healthcare
in on-time delivery, high project quality and seamless coordination at all levels
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conditioners and ducted split air conditioners
ducted system
which is ‟ 100% Inverter-based VRF system with higher output capacity and efficiency
for residential application.
system for medium sized commercial applications.
industrial, show-rooms, healthcare, hospitality, banquet halls and retail
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Refrigeration Institute (AHRI) - certified Configured Series- screw chillers
chillers
non-comfort cooling applications
provider, maintaining around 2 million tonnes of air conditioning and refrigeration equipment. Service reach to more than 3700 towns handling > 1.2 million service calls a year
Same day installation and response time of 3 hours and turnaround time of 18 hours.
Business Excellence Star Recognition by CII in Sep 2018
wide repertoire of operation and maintenance services for electro-mechanical utilities
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subsidiary at Dubai
service as well as system integration in global markets.
refrigeration and Applied systems products.
reach of distributors, channel associates.
joint ventures in Qatar and Malaysia.
energy efficient products for the Middle East.
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billion by 2022
propelled infrastructure investments is expected to drive growth in medium term.
Light industrial projects and commercial offices would see significant capital expenditure.
malls, retail complexes, airports will further push growth.
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Parliament House Bangalore Metro Chhatrapati Shivaji International Airport-T2 GIFT City Tata Power - HT Substation Tata Steel
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China Centre, Seeb, Oman Al Dafna West Bay, Doha Kuala Lumpur Grand Hyatt , Malaysia Polonnaruwa Auditorium, Sri lSanka Qatar University, Qatar Lexus Car Show room,DFC,Dubai
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locations across the country
products
commercial customers
recommended by interior designers
Indian conditions, durability & stability of the product make our product widely accepted
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140.0 0.0 80.0 .0 5.5
Glo Global bal Chi China na Indi ndia
Mark rket t Siz ize (Units ts in in mil illions
30.0% .0% 60.0% .0% 5.0% 0%
Glo Global bal Chi China na Indi ndia
Penetrati etration
6.0 6.5 FY FY20 20 FY FY21 21
Mark rket t Siz ize (Units ts in in mil illions
Futur ture Gro rowth th
9.5% 5% 10.5% .5% 11.1% .1% 11.5% .5% 12.3% .3%
FY15 FY15 FY16 FY16 FY17 FY17 FY18 FY18 FY19 FY19
Blue lue Star r Market t Share re (%)
Low penetrated market and growing middle class purchasing power offer immense opportunity for growth…
– Deep Freezers – Bottle Coolers – Visi Coolers/Freezers – Storage Water Coolers/Dispensers – Bottled Water Dispensers – Ice Cubers/Flakers – Cold Rooms – Commercial Kitchen Refrigeration – Medical Refrigeration – Retail Refrigeration
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range of RO+UV+UF products across price points from Rs 11,000 to Rs 45,000
filter change alerts, aqua taste boosters and electronic dispensing
channel partners and 2800 retail points
„Best Domestic RO+UV Purifier‟ in the country for the third time in a row
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– Dadra – Himachal (2 facilities) – Wada – Ahmedabad
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engineered and custom-built products
1125 SKUs manufactured across 21 assembly lines
Gold category certification from IGBC
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capabilities with several patents for new breakthrough products
approved
digital and smart products
safety compliance
product offerings and technical capabilities
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Engineering & Electronics Ltd
–Healthcare Systems: MRI & CT Scanner –Data Security Solutions: Payment HSM, PKI, Encryption –Infra Security System: Video Surveillance, Traffic Management –Communication Systems: Satellite Test Equipment, Radio Frequency recorders –Testing Machines: UTM, Hardness Testers, Chambers –NDT Systems & Industrial Automation: Ultrasonic, Eddy Current Systems, X-Ray, MPI, Bagging, Truck Loading –NDT Products: Ultrasonic, RVI, X-Ray, CT, CR, Metrology –Industrial Products: Pumps, Valves, Filters, Analysers
a high end system integrator and value-added reseller
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27 Re Reven venue ue * (Rs Cr)
Growth of 15%
266 266 347 347
FY18 FY18 FY19 FY19
EBITD ITDA (Rs Cr) r)
Growth of 30%
190 190 248 248
FY18 FY18 FY19 FY19
PBT (Before re ex excep eptiona
items) s) (Rs Cr) r)
Growth of 31%
15.03 .03 19.75 .75
FY18 FY18 FY19 FY19
Earnings s per share e (EPS) PS) (Rs )
*Prior to GST going live on July 1, 2017, revenue included excise duty and other input taxes. Comparable revenue growth has been computed by adjusting excise duty and other input taxes in revenue of Q1 FY18. Effective Apr 01, 18, we have adopted Ind AS 115 and accordingly accounting changes were applied with retrospective effect to each of the prior reporting periods presented. 4541 41 5235 35
FY18 FY18 FY19 FY19
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295 295 247 247
FY18 FY18 FY19 FY19
Net et Borr rrowing (Rs Cr) r)
0.4 0.3
FY18 FY18 FY19 FY19
Debt bt / Equity y (tim imes es)
5.3 5.3
FY18 FY18 FY19 FY19
Capital Turn urnover er (tim imes) s)
26% 26% 30% 30%
FY18 FY18 FY19 FY19
Return turn on Capital Empl ployed d (%)
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2338 38 2748 48
FY18 FY18 FY19 FY19 Growth of 18%
Segmen ment t Re Reven venue ue * (Rs Cr) r)
122 122 151 151
FY18 FY18 FY19 FY19 Growth of 24%
Segmen ment t Re Resul ults ts (Rs Cr) r)
453 453 515 515
FY18 FY18 FY19 FY19
Capital Empl ployed ed (Rs Cr) r)
29% 29% 31% 31%
FY18 FY18 FY19 FY19
Re Return turn on Capital Empl ployed ed (%)
*Prior to GST going live on July 1, 2017, revenue included excise duty and other input taxes. Comparable revenue growth has been computed by adjusting excise duty and other input taxes in revenue of Q1 FY18. Effective Apr 01, 18, we have adopted Ind AS 115 and accordingly accounting changes were applied with retrospective effect to each of the prior reporting periods presented.
Blue Star continued to maintain its dominant position in integrated MEP space.
Order ers s Booked d (Rs Cr) r)
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2491 91 2952 52
FY FY18 18 FY FY19 19 Growth of 11%
Carr rry for forward ard Order ers (Rs Cr) r)
1877 77 2283 83
FY18 FY18 FY19 FY19 Growth of 22%
Growth of 19%
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2005 05 2269 69
FY18 FY18 FY19 FY19 Growth of 13%
Segmen ment t Re Reven venue ue * (Rs Cr) r)
168 168 186 186
FY18 FY18 FY19 FY19 Growth of 11%
Segmen ment t Re Resul ults ts (Rs. Cr)
383 383 469 469
FY18 FY18 FY19 FY19
Capital Empl ployed ed (Rs Cr)
55% 55% 44% 44%
FY18 FY18 FY19 FY19
Re Return turn on Capital Empl ployed ed (%)
* Prior to GST going live on July 1, 2017, revenue included excise duty and other input taxes. Comparable revenue growth has been computed by adjusting excise duty and other input taxes in revenue of Q1 FY18. Effective Apr 01, 18, we have adopted Ind AS 115 and accordingly accounting changes were applied with retrospective effect to each of the prior reporting periods presented.
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