CORPORATE PRESENTATION
Triveni Group Organisation Structure Triveni Group Triveni Triveni Turbine Engineering & Ltd. (TTL) Industries Ltd. TEIL holds 21.8% of the equity in TTL (TEIL) 50% plus one share Sugar GE Triveni Ltd. Sugar Distillery Co-generation Businesses (GETL) Businesses Business Business Triveni Triveni Turbines Turbines Europe Pvt. Engineering Gears Water DMCC Ltd. Businesses Business Business (TTEPL) (TTD)
Triveni Turbines Factsheet Over 3000 steam turbines installed Over 12 GW power generation Presence in over 70 countries globally capacity One of the world’s largest Market leadership position in India, with Joint Venture with General Electric manufacturers of steam turbines up to around 60% market share for a decade (now BHGE), GE Triveni Ltd, with 30 MW range for providing industrial & majority stake for the range above 30 renewable power solutions MW to 100 MW
Global Footprint TRIVENI TURBINES EUROPE PVT LTD TRIVENI TURBINES DMCC LTD. THAILAND TRIVENI TURBINE LTD, INDIA INDONESIA 10 SERVICE CENTERS SOUTH AFRICA Head Office/ International Offices Subsidiaries Manufacturing CAGR of 17% in Exports sales in past 5 years
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 Upto 100 MW Condensing Steam Turbines Condensing Steam Straight Condensing Type Turbines Extraction Condensing Type Uncontrolled Extraction Bleed Condensing Type Controlled Extraction Injection Condensing Type Back Pressure Steam Back Pressure Steam Turbines Turbines Uncontrolled Extraction Straight Back Pressure Type Controlled Extraction Extraction Back Pressure Type Bleed Back Pressure Type
Industries & Applications Sugar Palm Oil Biomass Power Distillery Oil & Gas Cement Paper Textile Waste to Energy Food IPP – Barge Mount Chemical Steel Carbon Black District Heating
Infrastructure State-of-the-art manufacturing facilities Latest design tools and software equipped to provide manufacturing of critical to deliver innovative solutions to components, assembly, testing and customers refurbishing services
Quality Assurance Our products meet the most stringent International quality standards:
Design & Development Continuous value engineering helps us to deliver products designed to meet customers’ requirements for economic installation and operation Innovative product development Strong design team supported by concepts such as design to cost, QFD, consultants and domain experts FMEA techniques, DOE Deploy Latest computer aided design and Association with globally acclaimed turbo- engineering software for continuous machinery design houses product development Innovative designs delivering maximum The R & D advanced product program has performance and higher efficiency commercialized over 50 models/ variants The Company won the prestigious Total IPRs filed 223 & total IPRs granted National Intellectual Property Award 2016 135 with 100 Industrial Designs granted for "Top Organisation in Design" till March 31, 2018
Higher Sustained Efficiency Maximising efficiency & reliability by upgrading Product designs Enhancing performance by deploying latest Superior Designs design tools and software Holistic Leading Edge R&D Total Customer Technology Model Satisfaction Delivering more to the Cost customer - help them Efficiencies Retrofit and to achieve unhindered refurbishment of Triveni and performance at lower Non-Triveni turbines to make cost them more cost efficient
Comprehensive Service Solutions Highly Skilled Team Customised Total High Repeat Service OEM Expertise Customer Customers Solutions Satisfaction 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 100 MW for all makes • Overhauling & Troubleshooting; quick response in the delivery of spares
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 – Opportunity Both greenfield based sale of and brownfield power to the grid co-generation by captive units based captive power plants Renewable Energy – Small- scale renewable-based Independent Power Producers, agro-based co- generation and renewable waste-heat
Financial Performance 8000 30 7511 7446 7129 7000 6569 25 6255 22.9 24.2 23.8 21.7 6000 20.0 5083 20 19.5 5000 million 4000 15 (%) 3000 10 1803 2000 1567 1634 1463 1356 5 1014 1000 0 0 FY 13 FY 14 FY 15 FY 16* FY 17* FY 18 Net Sales PBT PBT Margins (%) Note: * Consolidated
Financial Performance (Consolidated) • • Net Income from Operations at 7.5 billion During FY 18, the mix of exports in total sales has • PAT at ` 960 million been 45%, while the same was 53% in the • Record annual order in-take – 17% growth over corresponding period of previous year. • FY 17; Exports order booking growth @ 40% During FY 18, the Aftermarket segment has • Strong outstanding order book - 7.1 billion; a shown a growth of over 12% over the previous year on year growth of 12%. year in terms of order booking while the sales • Total dividend for FY 18 – 100% growth stood at 8% over the previous year. • • The turnover and PAT for the Q4 FY 18 has The share of aftermarket sales to total sales in FY been all-time high for TTL. This has enabled 18 is 26% as against 24% during FY 17. • the Company to achieve an annual turnover at The aftermarket business has developed traction the same level as corresponding previous year in export markets too and exports contribution in • The mix of exports in total order booking has outstanding aftermarket order book is ~ 41%. increased to 51% in FY 18 from 42% in FY 17
Financial Performance (Consolidated) in million Q4 FY 18 Q4 FY 17 % Change FY 18 FY 17 % Change Revenue from Operations (net) 2441 1829 33% 7511 7446 1% EBITDA 629 470 34% 1659 1954 -15% EBITDA Margin 26% 26% 22% 26% Depreciation & Amortisation 53 42 26% 191 148 29% PBIT 576 429 34% 1468 1806 -19% PBIT Margin 24% 23% 20% 24% Finance Cost 0 2 5 3 PBT 576 427 35% 1463 1803 -19% PBT Margin 24% 23% 19% 24% Share of Profit of JV -33 0 -25 44 Consolidated PAT 354 266 33% 960 1236 -22% Consolidated PAT Margin 15% 15% 13% 17% EPS ( ` /share) 1.07 0.81 2.91 3.74
GE Triveni Ltd. • • GETL recorded sales of 949 million in FY 18. Triveni Turbine Ltd. formed a 50:50 Joint Venture • with a GE affiliate on 15 th April 2010. GE Triveni Ltd. The joint venture received one order in Q4 FY 18 (GETL) headquartered in Bengaluru, a subsidiary of for a 35 MW from the international market. • TTL, designs, supply, sell and service advanced The JV has a strong enquiry pipeline which we technology steam turbines in India in the range believe could get finalized in the coming quarters. • above 30-100 MW for power generation The execution and commissioning of large sized applications in India and globally turbines in the export market is underway and • GETL gets technology and on-going R&D support GETL expects these references to help it to from GE and TTL and use TTL’s Bengaluru facility achieve enhanced order inflows in the future. for turbine manufacturing
Contact for Investor Relations C N Narayanan Triveni Turbine Ltd. Tel. +91 120 430 8000 Fax : +91 120 431 1010 cnnarayanan@trivenigroup.com Gavin Desa/ Rishab Brar Citigate Dewe Rogerson Tel: +91 22 66451237/1235 gavin@cdr-india.com / rishab@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 forward- looking 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.
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