TRIVENINSE31 May 2022

Triveni Engineering & Industries Limited has informed the Exchange about Investor Presentation

Triveni Engineering & Industries Limited

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p,vsn,

ENGINEERING & INDUSTRIES LTD.

~ +91 1204308000 ••• +91 1204311010/11 e www.trivenigroup.com

REF TElL SE BSE Limited Department of Corporate Services, Rotunda Building, P.J. Tower, Dalal Street, Fort, MUMBAI - 400 001 Thru: BSE Listing Centre STOCK CODE: 532356 Sub: Investors' Investor Presentation Q4/ FY 22 June 2022

ay, National Stock Exchange of India Ltd., Listing Department Exchange Plaza, 5th Floor, Bandra-Kurla Complex, Bandra (E), MUMBAI - 400 051 Thru: NEAPS STOCK CODE: TRIVENI

D t 3pt M 2022

a e:

Dear Sirs,

We send herewith a copy of Investor Presentation Q4/ FY 22 June 2022 for your information. The same is also being made available on the Company's website www.trivenigroup.com.

Thanking you,

Yours faithfully, For Triveni Engineering & Industries Ltd.

f'~ GEETA BHALLA Group Vice President & Company Secretary M.No.A9475

Encl: As above

Corporate Office: 8th Floor. Express Trade Towers. Plot 15 & 1 n .. Sector 16-A. Noida, Uttar Pradesh - 201301, India. Registered Office: A-44, ~osiery Complex, Phase-II Extension, Noida-201 305, Uttar Pradesh. CIN No.: L 15421 UP1932PLC02217 4

Investor Presentation Q4/ FY 22 June 2022

AGENDA

ABOUT THE COMPANY

FINANCIAL PERFORMANCE OVER THE YEARS

PERFORMANCE REVIEW 4Q/FY 22

ABOUT OUR BUSINESSES

COMPANY OVERVIEW

Integrated and diversified conglomerate in areas of sugar and engineering

Located strategically in sugarcane-rich western and central belt of Uttar Pradesh

One of India’s leading sugar manufacturers

Efficient, sustainable and complete water/wastewater treatment solutions provider, across the water cycle

Dominant market player in the engineered-to-order turbo gearbox industry

TRIVENI AT A GLANCE

61000

104.5

Tonnes per day Sugarcane crushing capacity

Mega Watt Power Co-generation

LOCATION

7 Sugar units 3 Distillery units

520*

Kilo Liter Per Day (KLPD) Alcohol/Distillery capacity

~10,000

MLD Water & Wastewater treated through Triveni projects

~ ` 7,522

Crore Market Capitalization

>10,500

PTB installations across the world

32.2%

Free Float

Note: Market Capitalization and Free Float as on Mar 31, 2022 *The Company has enhanced operations at Sabitgarh from 160 KLPD to 200 KLPD

PAN INDIA FOOTPRINT

~198K Hectare Area under Sugarcane

300K+

Farmer Network

61000 Tonnes per day crushing capacity

TRIVENI SUGAR & DISTILLERY UNITS

TR IV ENI WATER PROJECTS

TRIVENI POWER TRANSMISSION

OUR SUGAR & DISTILLERY UNITS‘ LOCATIONS

Deoband Sugar & Co-Gen

Rani Nangal Sugar

Milak Narayanpur Sugar & Incidental Co-Gen, Multi-feed Distillery

Khatauli Refined Sugar & 2 Co-Gen units

Muzaffarnagar Multi-product Distillery

Sabitgarh Refined Sugar, Pharma Sugar & Incidental Co-Gen, Distillery,

Ramkola Sugar

Chandanpur Sugar & Incidental Co-Gen

Note: Muzaffarnagar can produce high quality Extra Neutral Alcohol (ENA), Rectified Spirit (RS), Specially Denatured Spirit (SDS) and Ethanol

FOUNDING PRINCIPLES

Ethics • Professional and transparent business practices

• Strong focus on Environmental, Social and Governance (ESG)

Product Quality • Best in class manufacturing

• Internationally

benchmarked on quality standards

Technology • Consistent R&D of technology to surpass customer needs

• Experienced team with an Innovation forward mindset

Strong Relationships • Sustainable

solutions that create a high degree of value for our customers

• Strong networks in place to enable smooth business operations

Sustainability • Leadership in all our business lines with sustainability at the core

• Enabling

Environmentally responsive operations

OUR FINANCIAL PERFORMANCE OVER THE YEARS

` Crore

Revenue from Operations (Net of Excise Duty)

FY 22:

6,000

5,000

4,000

3,000

2,000

1,000

-1,000

4,674

515

261

130

4,063

-366

FY 21

4,291

5,000

prices

▪ Sugar Business – Improved domestic sugar

270

185

136

668

3,474

-442

FY 22

3,000

1,000

▪ Alcohol Business – Higher dispatches

leading to growth in turnover

▪ Power Transmission Business (PTB) – Revenue growth across segments including export markets

▪ Water Business – Improving after a

pandemic affected year with strong order pipeline

Sugar Power Transmission Others Total Revenue

Alcohol Water Intersegmental Revenue

Note: Alcohol revenue is net of excise duty of ` 403.10 crore in FY 22 and ` 29.18 crore in FY 21 on account of Indian Made Indian Liquor (IMIL) sales

HIGHEST EVER PROFITABILITY IN FY 22

700

600

500

400

300

200

100

-100

Segment Profit Before Interest and Tax (PBIT)

627

FY 22:

` Crore

543

101

375

-0.5

FY 21

149

387

-4.5

FY 22

Sugar Power Transmission Others

Alcohol Water Total PBIT

▪ Marked increase in profitability across segments

▪ Sugar business PBIT margins increased driven by

better realisations

▪ Alcohol business margins improved due to

higher prices and product mix

▪ Margin expansion and industry leading

profitability in PTB due to strong market position, cost control and operating leverage

▪ Water Business profitability is higher due to better cost control and efficient project execution

BOTTOMLINE GROWTH OF 40%+ IN FY 22

FY 22 EBITDA Growth 11.6% y-o-y

EBITDA and EBITDA Margins*

11.8%

372.52

700

600

500

400

300

200

100

13.1%

12.6%

579.44

588.61

15.3%

656.58

16.0%

14.0%

12.0%

10.0%

8.0%

6.0%

4.0%

2.0%

` Crore

FY 22 PAT Growth 43.9% y-o-y

Profit After Tax (PAT)

335.12

294.61

216.28

424.06

FY 19

FY 20

FY 21

FY 22

FY 19

FY 20

FY 21

FY 22

*EBITDA margins calculated on Revenue net of excise duty

Consistent improvement in profitability over the years

Highest ever profitability in FY 22 with margin improvements across all businesses

OUR FINANCIAL PERFORMANCE OVER THE YEARS

Total Debt

1,725.9

1,558.2

1,568.0

994.0

` Crore

Total Debt To Equity (x times)

1.51

1.16

0.82

0.64

FY 19

FY 20

FY 21

FY 22

FY 19

FY 20

FY 21

FY 22

Capital Discipline and Focus on Balance Sheet health

IMPROVING COST OF DEBT AND CREDIT RATING

Average Cost of Debt

Long-term credit rating

7.9%

6.3%

6.1%

5.0%

ICRA AA (Stable) *

ICRA AA- (Stable)

FY 19

FY 20

FY 21

FY 22

FY 19

FY 20

FY 21

FY 22

Note: *Upgraded to ICRA AA- (Positive) on 06.04.21 and further upgraded to ICRA AA (Stable) on 23.11.21

On a consolidated basis, the total debt is at ₹ 1567.96 crore, comprising of term loans of ₹ 460.05 crore, majority of such loans are with interest subvention or at subsidized interest rate.

CONSISTENT FOCUS ON ENHANCING RETURNS

ROE (%)

27.0%

20.7%

20.4%

24.5%

ROCE (%)

17.9%

18.1%

19.9%

13.1%

FY 19

FY 20

FY 21

FY 22

FY 19

FY 20

FY 21

FY 22

Maximising operational performance across businesses

Enhancing returns consistently over the years

ENHANCING SHAREHOLDER RETURNS

Dividend Payout Ratio (%)

Dividend Payout

` Crore

78.6

21%

15%

10%

FY 19

FY 20

FY 21

FY 22

32.9

42.3

21.8

FY 19

FY 20

FY 21

FY 22*

The Company completed buyback of ₹ 100 crores and ₹ 65 crores in August 2019 and August 2020, respectively

* including final dividend of ₹2 declared for FY 22 which is subject to shareholders’ approval

Dividend Policy: It will be the endeavor of the Board that the payout ratio of the dividend is in the range of 15-25% of the normal business income after deduction of tax

AGENDA

ABOUT THE COMPANY

FINANCIAL PERFORMANCE OVER THE YEARS

PERFORMANCE REVIEW 4Q/FY 22

ABOUT OUR BUSINESSES

KEY HIGHLIGHTS

Revenue from Operations (Net of excise duty) at ₹ 4,290.94 crore

Highest ever profitability with Profit before Tax at ₹ 573.75 crore, a growth of 24.8%

Profit after Tax at ` 424.06 crore, a growth of 43.9% year-on-year

Board recommends final dividend of ₹ 2 per equity share (200%) for the Financial year 2021-22

On April 4, 2022, commenced operations of new multi-feed distillery with a capacity of 160 KLPD at Milak Narayanpur sugar mill in U.P

HIGHEST EVER PROFITABILITY IN FY 22

Q4 FY 22

Q4 FY 21

Change (%)

FY22

FY 21

Change (%)

` Crore

Revenue from Operations (Gross)

1,192.12

1188.07

0.3%

4,694.04

4703.35

-0.2%

Revenue from Operations (Net of excise duty)

EBITDA

EBITDA Margin

Share of income from Associates

Profit Before Tax (PBT) After Exceptional Items Profit After Tax (PAT) Consolidated Other Comprehensive Income (Net of Tax)

1,070.03

1,160.08

-7.8%

4,290.94

4,674.17

-8.2%

177.66

174.72

1.7%

656.59

588.61

11.6%

17%

7.33

15%

-9.17

15%

59.14

13%

1.21

143.41

133.76

7.2%

573.75

459.77

109.17

85.02

28.4%

424.06

294.61

Total Comprehensive Income

109.47

EPS (not annualized) (`/share)

4.52

0.30

-1.13

83.89

3.52

30.5%

5.54

429.6

17.54

-0.61

294.00

12.01

24.8%

43.9%

46.1%

STELLAR PROSPECTS FOR ENGINEERING BUSINESS

Water Business Closing Order Book including O&M

+66%

912

FY 21

1512.8

FY 22

Power Transmission Closing Order Book

` Crore

+33%

166.2

FY 21

221.3

FY 22

Both power transmission and water business ended FY 22 with impressive order booking

With a strong tendering pipeline in water business and capacity expansion along with foray into defence, outlook for coming years promising

SUGAR OPERATIONAL PERFORMANCE

Sugarcane Crushed (Million Tonnes)

Recovery (%)

6.9

6.61

11.70

11.59

10.90

10.57

SS 2020-21 (OCT'20 – MAR'21)

SS 2021-22 (OCT'21 – MAR'22)

SS 2020-21 (OCT'20-MAR'21)

SS 2021-22 (OCT'21 - MAR'22)

Gross Recovery

Net Recovery

Sugar Production (Tonnes)

751271

698674

SS 2020-21 (OCT'20 - MAR'21)

SS 2021-22 (OCT'21 - MAR'22)

Late start to sugar season 21-22 due to untimely and late rainfall

Recoveries impacted during the season due to severe heat wave in March and April

Unstable weather patterns during the current season

Total sugarcane crushed at 8.2 million tonnes with gross recovery of ~ 11.67% as on May 13, 2022

(*) Gross recoveries are before considering sugar diversion in B-heavy molasses for ethanol production Data as on 31st March

SUGAR

Sugar Dispatches (Tonnes)

223665

38066

Export Realization price (₹/MT) Ex-Mill Price (excluding subsidy)

Domestic +14.3%

25959

102934

879568

806093

171368

195953

4Q FY 21

4Q FY 22

FY 21

FY 22

Domestic

Exports

+5.8%

25785

24381

Domestic Realization price (₹/MT)

34994

35020

+8.2%

32330

+7.1%

32703

4Q FY21

4Q FY22

FY 21

FY 22

No exports took place in respect of Sugar Season 2021-22

7-8% higher domestic realisations in latest quarter and financial year

Domestic realisations are holding steady so far in FY23

4Q FY 21

4Q FY 22

FY 21

FY 22

PREMIUM PRODUCT MIX LEADING TO HIGHER REALISATIONS

Triveni Sugar Realization (Domestic) FY'21- Vs FY'22 (`/Qtl)

3,394

3,340

3,224

3,168

3,307

3,289

3,276 3,339

3,732

3,761

3,639

3,478

3,527

3,539

3,488

3,513

3,333

3,327

3,274

3,311

3,263

3,257

3,267

3,203

April

May

June

July

August

September October November December

January

February

March

FY 2021

FY 2022

Higher domestic realisations in FY22, supported by Triveni’s premium product mix

SUGAR: STRONG PROFITABILITY IN 4Q FY 22; HIGH CLOSING INVENTORY

SUGAR

` Crore

REVENUE -14.7%

992.20

846.81

PBIT

+15.6%

122.44

105.93

4Q FY 21

4Q FY 22

4Q FY 21

4Q FY 22

Lower sugar dispatches by 29% (or by 7.8 lakh quintals), no sugar exports made in the current quarter as against 10.3 lakh quintals of sugar exports in Q4 FY21

Improvement in domestic sugar prices by 8%

Sugar inventory as on Mar 31, 2022 of 51.49 lakh quintals, valued at ~₹ 32.7/kg as compared to 47.45 lakh quintals as on Mar 31, 2021 which was valued at ~ ₹ 30/kg

IMPROVED SUGAR PROFITABILITY IN FY 22 DESPITE LOWER VOLUMES

SUGAR

` Crore

REVENUE

-14.5%

4063.11

3473.85

PBIT

+3.2%

386.51

374.5

390

380

370

360

FY 21

FY 22

FY 21

FY 22

Lower sugar dispatches by 23% (or by 25.9 lakh quintals), including lower exports by 18.6 lakh quintals

Co-generation operations (including incidental co-generation) achieved external sales of ₹ 62.38 crore during FY 22 as against ₹ 68.35 crore in FY 21

Improvement in domestic sugar prices by 7%

HIGHER ALCOHOL REALISATIONS AND SALES IN FY 22

Alcohol Production (KL)

Alcohol Sales (KL)

+13.7%

107027

107604

+23.8%

103637

117837

30209

28736

21668

26818

4Q FY 21

4Q FY 22

FY 21

FY 22

4Q FY 21

4Q FY 22

FY 21

FY 22

Avg. Realisation (₹/ltr)

57.29

56.79

Higher sales volumes and improved realisations due to product mix and increase in price turnover in FY 22

54.13

48.9

Ethanol produced from B-heavy molasses constitutes 83% of the sales volume in the current year as against 55% in the previous year

4Q FY 21

4Q FY 22

FY 21

FY 22

ROBUST FINANCIAL PERFORMANCE IN THE ALCOHOL SEGMENT

ALCOHOL

NET REVENUE*

+29.9%

668.5

514.6

PBIT

+47.8%

149.4

101.1

` Crore

FY 21

FY 22

FY 21

FY 22

* Revenue net of excise duty

NET REVENUE*

+25.8%

161.6

128.5

PBIT

+7.3%

30.6

28.5

4Q FY 21

4Q FY 22

4Q FY 21

4Q FY 22

* Revenue net of excise duty

Higher dispatches by 14% in FY 22 Higher realization price by 11% in FY 22 due to increase in price & product-mix Higher dispatches in 4Q 22 by 24% (~52 lakh ltrs.) leading to growth in turnover and contribution 25

RECORD PERFORMANCE IN POWER TRANSMISSION IN FY 22

POWER TRANSMISSION

REVENUE

+42%

184.6

130.1

PBIT

` Crore

+57%

64.2

40.9

FY 21

FY 22

FY 21

FY 22

REVENUE

+26%

66.6

PBIT

+21%

19.9

24.1

4Q FY 21

4Q FY 22

4Q FY 21

4Q FY 22

Revenue growth across segments in FY 22 including strong growth in exports

Exceptional improvement in profitability in tough COVID conditions due to overall cost control and operating leverage stemming from higher revenues 26

POWER TRANSMISSION BUSINESS IS WELL POISED FOR GROWTH

POWER TRANSMISSION

Order Booking

+59%

+24%

251

59.7

74.26

157.8

4Q FY 21

4Q FY 22

FY 21

FY 22

` Crore

Closing Order Book

+33%

166.2

FY 21

221.3

FY 22

Demand outlook remains positive in key sectors

Capital expenditure in Power, Steel, Refinery, Fertilizer, Cement, Sugar, Textile, Petrochemical and Mining drives the requirement of industrial gearboxes

WATER BUSINESS IMPROVED PROFITABILITY IN FY 22

WATER

REVENUE

+4%

260.7

270.2

FY 21

FY 22

REVENUE

+25.1%

81.1

101.5

PBIT

` Crore

+16%

26.7

FY 21

12.4

PBIT

-29.0%

FY 22

8.8

4Q FY 21

4Q FY 22

4Q FY 21

4Q FY 22

Profitability is higher due to better cost control and efficient project execution

IMPRESSIVE GROWTH IN WATER BUSINESS ORDER BOOKING

WATER

Order Booking

Closing Order Book*

` Crore

+79%

186.5

333.4

161.3

13.8

4Q FY 21

4Q FY 22

FY 21

FY 22

+66%

912

FY 21

1512.8

FY 22

Strong pipeline, planning to participate in significant tenders in the coming year Well positioned with respect to past bids that are expected to finalize in FY 23

*Including long duration orders for Operations & Maintenance (O&M) O&M orders in hands are FY 22 - ` 939.92 crore; FY 21 - ` 456.87 crore

MODERNIZATION, EXPANSION PLANS

Noted that the expansion of existing distillery at Sabitgarh, District Bulandshahr, Uttar

Pradesh has completed and the same is now operating at 200 KLPD. With this, the total

distillation capacity of the Company has been increased to 520 KLPD. Further expansion

of distillation capacity from 520 to 660 KLPD is well on track and is expected to be

completed by July'2022

660 KLPD

Approved the modernization of three of the existing sugar units at Khatauli, Deoband

and Sabitgarh, all in the State of Uttar Pradesh at a total cost of about ` 130 crore,

which shall be completed by October'2022

` 130 CRORE

Approved the expansion of power transmission business at a total cost of about ` 80

crore, which shall be completed by March'2023

` 80 CRORE

AGENDA

ABOUT THE COMPANY

FINANCIAL PERFORMANCE OVER THE YEARS

PERFORMANCE REVIEW 4Q/FY 22

ABOUT OUR BUSINESSES - SUGAR

GLOBAL SUGAR OUTLOOK

Prospects of a balanced market in 2022-23, compared with a deficit of around 3.2 million tonnes in 2021-22 season

Production recovery expected in Thailand in 2022-23 crushing season to ~11.5 million tonnes from ~10.3 million in current season

Good rains in Brazilian are expected to ensure recovery of the cane crushing volume in the country in 2022-23. High oil prices expected to lead to higher diversion of cane to ethanol instead of sugar.

THE INDIAN SUGAR INDUSTRY IS MOVING AWAY FROM CYCLICALITY

Structural shift from a cyclical industry into more secular and consistent performance-based industry

Consistent production much above the consumption levels, has led to a surplus and India becoming a regular exporter of sugar

India expected to export record sugar of ~10 MMT during 21-22 despite no export assistance

RECENT EXPORT REGULATION IS A POSITIVE FOR THE INDIAN SUGAR INDUSTRY

Central Government to regulate sugar exports w.e.f June 1, 2022. Government will allow sugar exports up to 10 million tonnes up to October 31, 2022

Export contracts (predominantly raw sugar) up to May 25, 2022 total 9.0 million tonnes, of which 8.2 million tonnes has been physically dispatched

Government’s objective is prioritising availability of sugar for domestic consumption for the festival period of October & November

Sufficient Closing stock of 6.2 million tonnes expected at end of Sep 2022 (totalling approximately 75 days of consumption)

Government policies supportive; continue to ensure balance between cane production, diversion for ethanol, cane price payment, sugar prices

Source : Ministry of Consumer Affairs, Food & Public Distribution, Press Release 25th May 2022

PRICING IS ON THE UPTREND

Domestic realizations improved ~ ₹ 2200/MT on average for India and ~ ₹ 2900/MT for Triveni during Oct 2021- Apr 2022 vs. previous period

“Prices of sugar are under control” as per Government, indicating comfort with current and future pricing

Sugar & Confectionery accounts for only ~1.36%* in All India Consumer Price Index (CPI)

With an expected closing stock of ~6.2 million tonnes both in SS 21-22 and 22-23, we expect pricing uptrend to continue

* Source : Ministry Of Statistics And Programme Implementation Press Release 12th April 2022

INDIA SUGAR : STRONG PRODUCTION AND HIGHER REALISATIONS SUGGEST CYCLICALITY IS A THING OF THE PAST

s e n n o t

n o i l l i

m n i

40.0

35.0

30.0

25.0

20.0

15.0

10.0

5.0

2,665.7

25.1

24.8

7.8

1.7

+2.0 million tonnes*

+3.5 million tonnes*

+4.5 million tonnes*

3,700.0 #

4,000.0

3,622.8

3,624.4

32.5

33.2

25.4

25.5

24.6

20.3

3,318.4

3,270.3

3,502.0

35.5

35.0

3,145.6

27.4

25.3

31.2

26.6

27.5

28.0

14.6

10.7

3.9

0.0

0.5

3.8

6.0

7.2

10.0

6.2

7.0

8.2

6.2

) l t Q (

l a t n i u Q / R N

3,500.0

3,000.0

2,500.0

2,000.0

1,500.0

1,000.0

500.0

2015-16

2016-17

2017-18

2018-19

2019-20

2020-21 (P)

2021-22 (E)

2022-23 (E)

Sugar Season

Exports

Production

Domestic Consumption

Closing Stock

Triveni Domestic Realisation (FY) - INR/Qtl

*sugar diversion to ethanol production # Triveni Estimate for FY 2022-23 E

Note: Data pertains to India for Sugar Season (SS) except Domestic Realisation which is for Triveni for Financial Year (FY) 2021-22 and 2022-23E India Sugar data are Triveni Estimates

INDIA SUGAR BALANCE SHEET: STABLE CLOSING STOCKS OF ~6.2 MT EXPECTED FOR SUGAR SEASONS (SS) 2021-22 AND 2022-23

+2.0 million tonnes*

+3.5 million tonnes*

+4.5 million tonnes*

35.5

35.0 #

31.2

27.5

28.0

26.6

10.7

8.2

6.2

10.0

7.2

7.0

8.2

6.2

s e n n o t

n o i l l i

40.0

35.0

30.0

25.0

20.0

15.0

10.0

5.0

Opening Stock as on 1st Oct

Production

Internal Consumption

Exports

Closing Stock on 30th Sep

Source: Triveni Estimates *sugar diversion to ethanol production # Based on normal monsoon and similar yield to SS 21-22

Sugar Season

2020-21 (P)

2021-22 (E)

2022-23 (E)

Closing inventories expected ~6.2 million tonnes this year and next year

INDIA SUGAR PRODUCTION AND DIVERSION HIGHLIGHTS

Region

Sugar Production

Diversion for Ethanol Production

SS 2021-22 (E)

SS 2020-21

SS 2021-22 (E)

SS 2020-21

(million tonnes)

India

Uttar Pradesh

Maharashtra

Karnataka

35.50

10.25

13.80

6.10

Source: Triveni Estimates

31.20

11.06

10.64

4.43

3.50

1.25

1.10

0.73

2.01

0.69

0.71

0.50

Higher production expected in Maharashtra and Karnataka in SS 2021-22; Diversion estimated at 3.5 million tonnes

THE TRIVENI USP

Strategic Location: Presence in Western and Central UP which has one of the best cane area with high yields and water availability. Strong farmer relations, timely cane payment resulting in high drawl rates and good cane productivity

Product Mix and Price Benefit: production of ~40% refined sugar, coupled with the high-grade pharmaceutical quality sugar produced, helps secure higher realisations

Customer

Illustrious Key supplier to major leading confectionery multinational soft drink companies, manufacturers, breweries, pharmaceutical companies, dairies and leading ice cream producers.

base:

300k+ farmer relationships

OUR SUGAR BUSINESS INITIATIVES

Announced modernization of three of the existing sugar units at Khatauli, Deoband and Sabitgarh in Uttar Pradesh at a total cost of ~ ₹130 crore, to be completed by October'2022

Structured Cane Development Programme to gradually replace the star Co-0238 variety by other high sugared and high yielding cane varieties

Doubling capacity for pharma sugar which fetches a substantial premium over refined sugar

Improving ICUMSA colour value to fetch superior realizations

Increased the production of bold grain sugar across the units

AGENDA

ABOUT THE COMPANY

FINANCIAL PERFORMANCE OVER THE YEARS

PERFORMANCE REVIEW 4Q/FY 22

ABOUT OUR BUSINESSES - ALCOHOL

Ethanol Demand Drivers

ALCOHOL SEGMENT DRIVEN BY ETHANOL DEMAND

Government actively promoting the production and blending of fuel ethanol with petrol, and has targeted 20% blending (EBP20) by 2025.

Need of ~1,000 crore litres of ethanol in order to achieve 20% blending in the country and an even higher installed capacity of 1,350 crore litres

Sugarcane-based and grain-based ethanol production capacities to be augmented by 78% and 187% to 760 and 740 crore litres

Industry and Triveni estimates of ~3.40 million tonnes of sugar will be diverted during SS 21-22 for ethanol production which was around 2.1 million tonnes during previous season

INDIA’S ETHANOL BLENDING ROAD MAP, 2025-26

13440

12880

6280

6600

9830

3830

8280

2930

5350

6000

6600

6840

7070

2670

5920

4230

1920

1660

2570

4000

4400

19-20

20-21

21-22

22-23

23-24

24-25

25-26

Sugar Based Ethanol

Grain Based Ethanol

Ethanol production projections (in million ltrs)

Source: Roadmap For Ethanol Blending in India 2020-25 by Niti Aayog, Ministry of Petroleum and Natural Gas

TRIVENI‘S ALCOHOL BUSINESS

3 facilities with capacity of 520 KLPD including 160 KLPD multi-feedstock facility at Milak Narayanpur

Produce Extra Neutral Alcohol, which is used to produce high quality potable alcohol; and fuel-grade ethanol

Strong Environment, Health, Safety and Sustainability capabilities and adherence to standards

World-class technology employed to achieve Zero Liquid Discharge (ZLD)

OUR ALCOHOL BUSINESS INITIATIVES

Capacity expansion: Achieved overall capacity of 520 KLPD with enhancement of operations at Sabitgarh from 160 KLPD to 200 KLPD. Advanced stage to commission 60 KLPD grain distillery. Overall capacity will be further expanded through greenfield and brownfield projects to 660 KLPD by July 2022

First company to see such large incremental capacity coming onstream

Diversion of excess cane to produce fuel ethanol

Flexibility of feedstock: Multi-feed capability at 160 KLPD facility in Milak Narayanpur gives flexibility to change feedstock

Multi-Product Flexibility: Upcoming 60 KLPD grain plant in Muzaffarnagar can produce ENA or Ethanol depending on market dynamics

AGENDA

ABOUT THE COMPANY

FINANCIAL PERFORMANCE OVER THE YEARS

PERFORMANCE REVIEW 4Q/FY 22

ABOUT OUR BUSINESSES – POWER TRANSMISSION

DIVERSE PRODUCT PORTFOLIO ADDRESSING A MULTITUDE OF INDUSTRIES

High power & high speed gears designed for steam turbines, gas turbines, compressors, pumps, blowers, and other special purpose industry applications

Niche low speed gearboxes for mini hydel turbines, steel mills, sugar mills, rubber mixers and extruders, cement mills, thermal plants, plastics etc.

Marine offerings

Replacement solutions

MULTI-PRONGED STRATEGY IN POWER TRANSMISSION BUSINESS

Pillars of our strategic approach:

World-class technology

Automation & Digitalisation

Associations & tie-ups

Cost management & efficiencies

FORAY INTO DEFENCE

Our Defence Portfolio:

Propulsion Gearboxes and other critical gearboxes

Critical Turbo and Motor-driven Pumps

Gas Turbine Generators for auxiliary power

Steam Turbines to complex Turbo-Auxiliaries

Fin Stabilisers

Propulsion System Integration

Propulsion Shafting

Solutions for Steering Systems / Stabilisers

POWER TRANSMISSION BUSINESS HIGHLIGHTS

Among the largest engineered to order turbo gear manufacturer

Centred on Operational Excellence: Integrated plant located in Mysuru, Karnataka with state of the art infrastructure

Industry leading Product delivery cycle: Ranging from few weeks to 6 months for full gearboxes

Strong focus on value engineering, low cost manufacturing, R&D for new product and expertise in reverse engineering & replacement solutions

Providing critical technology and engineered solutions on multiple fronts to Indian Navy and Indian Defence industry

OUR POWER TRANSMISSION BUSINESS INITIATIVES

Approved expansion of power transmission business at a total cost of ~ ₹ 80 crore, which shall be completed by March 2023

Signing of a 10-year business agreement with GEAE Technology USA to locally manufacture the LM2500 gas turbine base and enclosure

The Indian Navy has chosen Triveni as its reliable supplier of Turbo Alternator Turbines (TAT) and turbopumps, for the indigenous submarine programme.

Strong Defence Pipeline

Propulsion Gas Turbines Packages

Propulsion Shafting

Indigenous Packaging of propulsion gas turbine

Propulsion System Integration

Application based EPC solutions

Solutions for Steering Systems / Stabilisers

AGENDA

ABOUT THE COMPANY

FINANCIAL PERFORMANCE OVER THE YEARS

PERFORMANCE REVIEW 4Q/FY 22

ABOUT OUR BUSINESSES - WATER

WATER & WASTEWATER OPPORTUNITIES AND THE WAY FORWARD

Global water crisis: Increased demand for water resources, more than 2 billion people globally live in water stressed countries. Situation is getting worse with climate change

Water is undervalued, and proper incentives are not in place to use water resources efficiently

Indian Government along with state governments focusing on making country’s water secure

Surface wastewater discharge norms revised as per National Green Tribunal (NGT) order and high potential for rehabilitation of existing & new STP’s

Promulgation & promotion on PAN India government policies to utilize tertiary treated water from sewage / effluent treatment plants

Desalination being promoted in coastal regions of Tamil Nadu, Gujarat and water deficit coastal Regions

WATER: TRIVENI‘S CUSTOMISED AND SUSTAINABLE FUTURISTIC SOLUTIONS

CUSTOMERS

MODES OF OPERATION

Industrial

Municipal

End-to-end Turnkey / EPC offerings

Build, Own, Operate, Transfer (BOOT) model

Specialized projects

Private Public Partnership (PPP)

TYPES OF PROJECTS

Water treatment (Raw, Process, Desalination)

Water & wastewater network management

Wastewater/Sewage treatment

Hybrid Annuity Model (HAM)

Recycling & zero liquid discharge

Water treatment plants

Bio gas system with power generations

Oil Water separation

Water/Wastewater Sludge treatment and management

WATER BUSINESS HIGHLIGHTS

EPC solutions for water/wastewater treatment and recycling of water, for industrial and municipal applications

~10,000 Million Liters Per Day (MLD) water treated

>2,000 process equipment supplied and commissioned

Executed some of the largest projects in India

SELECT ON GOING WATER & WASTEWATER PROJECTS

Awarded the Pali HAM/PPP project

Awarded the Bhiwadi 6 MLD Zero Liquid Discharge project

205 MLD STP (3 Phases) at Kondli based upon new NGT norms for Delhi Jal Board funded by JICA, under YAP(III) package K3

210 MLD WTP at Greater Noida for Greater Noida Industrial Development Authority

Water & Sewerage system for 6 Islands in Maldives including RO for Govt Of Maldives funded by Exim Bank of India

MATHURA WASTEWATER MANAGEMENT PRIVATE LIMITED (MWMPL) – A 100% SUBSIDIARY OF TEIL

• MWMPL has undertaken Integrated Sewerage Management project for Holy city of Mathura (Uttar

Pradesh) under one-city-one-operator framework under PPP/HAM mode, a noble concept under

Namami Gange program of Ministry of Jal Shakti, Government of India.

• With the objective of making pollution free Yamuna river flowing through Mathura city, sewage from

the designed areas has been intercepted from the drains and diverted through pumping to various

Sewage Treatment Plants (STPs) before letting into the river.

• One of the key components of the project is recycling of treated sewage after membrane based

(Ultrafiltration followed by Reverse Osmosis – UF/RO) advanced treatment process to a crude oil

refinery of IOCL (Indian Oil Corporation Limited) near Mathura city for their process water needs.

• Various components of the Mathura project have been physically completed during the year and

after completing the ongoing trials for demonstrating mandated KPIs (Key Process Indicators),

MWMPL will undertake 15 years of comprehensive operation & maintenance (O&M) of the facilities.

PALI ZLD PRIVATE LIMITED (PZPL) – A 100% SUBSIDIARY OF TEIL

• PZPL is executing a 12,000 M3 per day (12 MLD) capacity Textile wastewater treatment plant for effluent being generated by over 500 industrial units in one of the industrial clusters of Pali district in Rajasthan. The project was awarded by the industry association through their CETP Foundation, a Special Purpose Vehicle (SPV) created for the purpose. The project is being executed under PPP/HAM mode with part capital funding as Capital grant being provided by the CETP Foundation and also by Rajasthan government through their designed agencies/departments.

• The project includes upgradation of existing Common Effluent Treatment Plant (CETP) in major way followed by state-of the-art advanced tertiary level treatment plant (TTP) to make the treated water fit for use by the same industries, thus making the plant truly a Zero Liquid Discharge (ZLD) system.

•

Sludge generated from the plant will be minimised by extensive dewatering, drying, heating & incineration processes within the plant facilities and post treatment, the sludge will be disposed-off in secured landfill site.

For Pali based industries, this will be a unique scheme to get assured supply of recycled wastewater for their process water needs. The recycled water will be of much better quality compared to currently used groundwater sources in neighbouring area and thus sparing them from further extraction.

For PZPL, project scope includes comprehensive operation & maintenance (O&M) for 15 years after project’s physical completion

SHAREHOLDING PATTERN

68.4%

5.3%

4.6%

17.3%

0.1%

1.6%

2.7%

Foreign Portfolio Investors Resident Individuals Corporate Bodies

Promoters Mutual Funds Alternate Investment Funds Others

Note: As at end of March 2022

TTL DIVESTMENT: UNLOCKING VALUE FOR STAKEHOLDERS

Triveni Engineering & Industries’ Board of Directors have announced decision to divest its 21.85% stake in Triveni Turbine Limited (TTL)

The Board has approved sale of a minimum of 10% and up to 12% of the equity share capital of TTL held by TEIL to Mr. Dhruv Sawhney, subject to shareholders approval. Board will finalise and determine sale of balance 9.85-11.85% on the basis of the advice of the professional advisors appointed

Objectives of unlocking value for stakeholders, timely monetization of non-core- assets, unbundling of businesses, and enabling the long-term succession planning and facilitation of focused management

Proceeds from the sales to be utilized for growth and expansion for business, as well as for rewarding the shareholders . At current valuations, TEIL’s 21.85% stake in TTL is valued at ~ ₹ 1200 crore

TERMS OF THE TRANSACTION

Sale of minimum of 10% and upto 12% of TTL owned by TEIL to Mr. Dhruv Sawhney (and others) subject to shareholders’ approval

Sale to Mr. Dhruv Sawhney being concluded on the stock exchange within 6 months from the date of receipt of approval from the shareholders or Mar 31, 2023, whichever is later

Board has approved the execution of an agreement for sale with Mr. Dhruv Sawhney for the Inter-Se sale

Sale to Mr. Dhruv Sawhney being concluded on a minimum floor price of Rs.171 or the prevailing market price on date of sale whichever is higher

Mode and modalities of sale of remaining minority stake to be finalized by the Board based on advice of professional advisors

SAFE HARBOUR/LEGAL 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 Engineering & Industries Ltd. makes no representation as to their accuracy or that the company subscribes to those views / findings.

INVESTORS CONTACT

Surabhi Chandna Triveni Engineering & Industries Ltd. Tel. +91 120 430 8000 Fax : +91 120 431 1010 ir@trivenigroup.com www.trivenigroup.com

Gavin Desa/ Rishab Brar Citigate Dewe Rogerson Tel: +91 22 66451237/1235 gavin@cdr-india.com / rishab@cdr-india.com

THANK YOU

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