final agm fy15-16 10th aug 16
TRANSCRIPT
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35th Annual General Meeting10th Aug 2016
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Largest project site under execution at Dahej
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Largest project site under execution at Hazira
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WHRUs installed on an FPSO
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Fuel shift – TOESL execution
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Largest order received for Chillers
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Thermax shines at ACREX 2016
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Retrofit of Power plant emission equipment
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Modularisation of Large boilers
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Rooftop Solar PV
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Integrated Solar Thermal Solutions
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EPC Power projects for Cement Waste heat
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O&M of Power plants in South-East Asia
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New Products and Solutions
THERMEON Low Pressure Vapour Chillers in Potato Frying Application
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Reflecting Back on FY16….
ExternalIndia - Fastest growing consumption led economyCOP 21InternalTL consolidated has performed better on Sales & PAT compared to previous yearProduct and service businesses grown consistently Loan repayment of TBWESConsolidated International business
ExternalGlobal uncertaintiesLow capacity utilization continues – No large investments, Capital goods sector affectedPower sector woes continue InternalProject business (dependent on Capital goods segment) continues to underperform
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Financials - Thermax Limited
3701
3951
3200
3550
3900
4250
4600
CY FY-16 LY FY-15
4287
4544
3200
3550
3900
4250
4600
CY FY-16 LY FY-15
306
336
200
250
300
350
CY FY-16 LY FY-15
3747
4396
3200
3550
3900
4250
4600
CY FY-16 LY FY-15
Order Booking (INR Cr)
Total Sales(INR Cr)
Order Balance(INR Cr)
6% 6%
15%
Profit after Tax(INR Cr)
9%
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Financials - Thermax Group
4515
5293
4000
4300
4600
4900
5200
5500
5800
CY FY-16 LY FY-15
Order Booking (INR Cr) 5425
5242
4000
4300
4600
4900
5200
5500
5800
CY FY-16 LY FY-15
Total Sales (INR Cr)
3%15%
275
210200
250
300
350
CY FY-16 LY FY-15
4659
5670
4000
4300
4600
4900
5200
5500
5800
CY FY-16 LY FY-15
Order Balance(INR Cr)
18%
Profit after Tax(INR Cr)
31%
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Key Subsidiary/JV/Associate Highlights
Thermax Babcock & Wilcox Energy Solutions (TBWES) The company became debt free after loan repayment.
Overseas orders from the JV partner helped the JV become EBIDTA positive.
Thermax (Zhejiang) Cooling & Heating Engg. Company Ltd. Lower revenues compared to last year due to subdued manufacturing capacity addition
Won a prestigious order for District heating using exhaust of GE Frame 9 gas turbines exhaust heat
Danstoker Decline in activities on biomass projects and no orders from Russia due to the crisis in Ukraine affecting
Order booking
The company registered a small positive PBT for the year
TOESL Profits doubled over previous year
Challenges in the current year - due to low oil prices & delayed decision making
First Energy Lower revenues - made a loss due to significant reduction in LPG prices
Introduced boilers (steam) for cooking
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New Beginnings – Chemical factory at Dahej
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ETP AREA
RAW / FIRE FIGHTINHG WATER TANKGAS STATION
ADMIN BUILDING
ELECTRICAL SUBSTATIONPCC
PETROLEUM TANKFARM
SOLVENT DRUM STORE
SOLVENT TANKFARM
WARE HOUSE & COLD STORAGE
PRODUCTION BUILDING
ACID TANKFARM
UTILITY BUILDING WASTE STORAGE & SCRAP YARD
WORK SHOP
SOLUTION PREPARATION AREA
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New Beginnings – Chemical factory at Dahej
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Production Building
Administration Building
Acid/Alkali Tankfarm
Emergency/Final Discharge Tank
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New Beginnings – Heating factory at Indonesia
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Way Forward (Short term)
Focus on getting Indonesia & Dahej factories up and running
Continue introduction of new products / applications
Continue building on products and services
Rationalisation of Expenses / tighter control on cash flow
International market for orders
1
Focus on Waste to Energy / targeted solar applications
2
3
4
5
6
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Giving Back to Society – Thermax Foundation
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Akanksha LIFT
Teach for India Pune City Connect
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Thank You