CORPORATE PRESENTATION (Q3/9M FY 16) 1
Triveni Group Organisation Structure Triveni Group Triveni Triveni Turbine Ltd. Engineering TEIL holds 21.8% of the equity in TTL (TTL) & Industries Ltd. (TEIL) 50% plus one share Co- Sugar GE Triveni Sugar Distillery generation Businesses Ltd. Businesses Business Business (GETL) Engineering Gears Water Businesses Business Business 2
Triveni Group Fact Sheet Two Independent Listed Companies with pan India presence – Triveni Engineering & Industries Ltd. and Triveni Turbine Ltd. Listed in both National Stock Exchange & Bombay Stock Exchange – Market Cap of ~ INR 45 billion (as on January 27, 2016) 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 the market leader in the steam turbines upto 30 MW size. 3
Engineering Businesses 4
Engineering Business – Pan India Presence Engineering Businesses Noida Gears Business Water Market leader in High Business speed gears & gear boxes upto 70 MW capacity and speed of 70,000 rpm A leading player in the Corporate Office Mysore high technology water & Manufacturing Facilities wastewater management business Water Treatment Projects 5
Engineering Businesses – Revenue Growth 3951 4000 3500 3068 3009 3000 2736 2625 2500 ` in millions 2000 1500 1000 651 565 423 500 256 255 0 FY10 FY11 FY12 FY12-14* FY15 Revenue PBIT FY 12-14* - 18 months period from Oct 12 – Mar 14 6
Gears Business - Overview Triveni is in the business of design, manufacture South East Asia such as Malaysia, Indonesia, and marketing of customised gears and gearboxes Singapore, Thailand with the possibility of (both high speed and niche low speed gears) enhancing territories in the future. having a state-of-the-art design and manufacturing Niche engineered-to-order high technology low facility at Mysore conforming to international speed gear applications with Lufkin for four standards. About 70% market share in complete industrial segments viz., Rubber & Plastics, high speed gear market across applications up to Metals and Steel, Marine and Coal pulverizer 70 MW capacity and speeds of 70,000 rpm. application in the thermal power plants. Own developed technology for high speed gear boxes upto 7.5 MW and for hydel gearbox range upto 6 MW. Range above 7.5 MW-62 MW is manufactured using technology licensed from Lufkin, USA. High Speed Gears product range includes all Steam Turbine gear boxes, gear boxes for compressors and load gear boxes for gas turbines. Geographies extended to cover major markets in 7
Gears Business – Financial Performance 1600 1421 1400 1202 ` in millions 1200 1043 1014 1033 1000 800 600 419 397 345 400 301 292 200 0 FY10 FY11 FY12 FY12-14* FY15 Net Sales PBIT FY 12-14* - 18 months period from Oct 12 – Mar 14 Overall the market is still impacted by the slowdown during both these period. The exports are showing in the capital goods segment. improvement, but still to gain momentum. The order in-take of ` 727 million for 9M FY 16 has The turnover for 9M FY 16 has been marginally higher while the quarterly turnover was lower by been marginally lower by 3% in comparison to the 16%. During the quarter and nine month period, corresponding period of last year. there has been an increase in offtake by OEMs We expect momentum to gain in the flow of orders while the lumpy business of retrofitting, spares under Strategic Supply Agreement with GE Lufkin in sales, sales to GE Lufkin under SSA etc. was lower the coming quarters. Outstanding Order Book as on 31 st Dec 2015 – ` 548 million 8
Water Business - Overview Technology association with world’s leading During FY12, the company has made a long term technology providers for various products, process strategic investment by acquiring 25.04% equity & solutions such as Ultra filtration (UF), Reverse stake in Aqwise-Wise Water Technologies Limited, Osmosis (RO), Moving Bed Bio Reactor (MBBR) a company registered in Israel, engaged in etc. providing water treatment solutions using proprietary technology. The investment is One of the widest ranges of products & synergistic to the water / waste water business of technologies offered in the Indian Market. the company. Indigenous Product lines include clarifiers, aerators, filters, membrane solutions, de-watering equipment and high purity water systems. Over 2000 numbers of process equipments for water & waste water treatment applications, supplied and commissioned till date. With the visibility of a fast growing market, Water Business expected to grow consistently in future. 9
Water Business – Financial Performance 3000 2530 2500 1976 1866 2000 1692 ` in millions 1610 1500 1000 500 219 232 123 -141 -37 0 FY 10 FY 11 FY 12 FY 12-14 (*) FY 15 -500 Net Sales PBIT FY 12-14* - 18 months period from Oct 12 – Mar 14 The turnover during quarter & nine months has Many other enquiries in both the segments are in suffered due to lower order intake in the previous year. pipeline and are awaiting finalisation, which we expect Delayed completion of some projects due to financial to get concluded in the coming quarters. constraints with our customers and under absorption The Company has participated in large number of of overheads due to lower turnover led to losses. tenders which are in various stages of finalisation. It is The position of order intake has improved in 9M FY 16 felt that the Company may be able to secure large - WBG has received orders for ` 3.09 billion which value of contracts arising from such tenders. include O&M portion of ` 810 million. Outstanding Order Book as on 31 st Dec 2015 – ` 6.67 billion 10 (including ` ` 2.72 billion towards O&M)
Sugar Businesses 11
Sugar Business Sugar Businesses Sugar Business Distillery Business One of the largest sugar Co-generation producers in India with Business seven sugar One of the largest single manufacturing facilities stream molasses based distillery in the country Three grid connected located at Muzaffarnagar co-generation plants and three incidental co-generation plants located across five sugar units. 12
Sugar Business – Industry Overview India: As per industry estimates, the country’s sugar The domestic sugar prices started improving since production for SS 2015-16 is estimated at around 26 August 2015 and have been on the rise consistently million tonnes, which is going to be lower than the from December onwards. The NCDEX spot prices for Delhi for 15 th Jan 2016 was ` 32450 per tonne previous year by over 2 million tonnes. Upto January 15, 2016, all India sugar production while the rise in average price for the month of has been higher by 6.8% at 11 million tonnes in December 2015 was 9% and a similar increase was registered upto 15 th Jan 2016. comparison to corresponding period of last year. The sugar production in U.P. has been higher by The Central Government also notified the about 8.4% at 2.71 million tonnes till Jan 15, 2016 mandatory export of 4 million tonnes of sugar for SS as compared to 2.5 million tonnes as on Jan 15, 2015-16. As per information available, Sugar mills 2015. have contracted to export about 900,000 tonnes of Maharashtra has produced 4.4 million tonnes of sugar and nearly 700,000 tonnes have already been sugar at an average recovery of 10.6% till Jan 15, moved from sugar mills for exports. The Central Government is actively pursuing 2016 which is 2.3% higher than the corresponding period of last year. increasing the demand for fuel ethanol to target for The sugar production in Karnataka has been higher 10% blending with petrol. It is expected to help the by 19% at 2.1 million tonnes till Jan 15, 2016 as industry to augment its revenues and it may on a compared to the corresponding period of last year. long run also help in regulating sugar production in the country. 13
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