TRIVENINSE10 November 2022

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

Triveni Engineering & Industries Limited

z·PIVEnI

ENGINEERING & INDUSTRIES LTD.

'- +91 120 4308100

+91 120 4311010/11 e www.trivenigroup.com

Date: 10"November, 2022

REF·TEIL·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: Earning Presentation for Q2/H1 FY 23

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

Dear Sirs,

We send herewith a copy of updated Investor Presentation on the performance of the Company for the Q2/H 1 FY 23 ended September 30, 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.

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

Encl: As above

Corporate Office: 8th Floor, Express Trade Towers, Plot 15 & 16, Sector 16-A, Noida, Uttar Pradesh - 201301, India. Registered Office: A-44, Hosiery Complex, Phase-II Extension, Noida-201 305, Uttar Pradesh. CIN No.: L15421UP1932PLC022174

Investor Presentation Q2/H1 FY 23

November 2022

AGENDA

ABOUT THE COMPANY

FINANCIAL PERFORMANCE OVER THE YEARS

PERFORMANCE REVIEW Q2/H1 FY 23

ABOUT OUR BUSINESSES

OUR ESG FOCUS & CSR INITIATIVES

SHAREHOLDING PATTERN

2

ABOUT THE COMPANY

3

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

4

PILLARS OF OUR SUCCESS

Innovation and R&D ethos

Technical prowess

Collaborative & responsible approach

Quality & efficiency focus

Manufacturing excellence

People excellence

Management insight

Customer centricity

5

COMPANY OVERVIEW

Integrated and diversified conglomerate in areas of sugar, ethanol and engineering

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

One of India’s leading sugar & ethanol 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

6

TRIVENI AT A GLANCE

61,000

104.5

Tonnes per day Sugarcane crushing capacity

Mega Watt Power Co-generation

LOCATION

18+ world-class facilities including 7 Sugar plants 4 Distillery facilities at three locations

660 1110

Kilo Liter Per Day (KLPD) Alcohol/Distillery capacity*

>10,000

MLD Water & Wastewater treated through Triveni projects

~ ₹ 6,145

Crore Market Capitalization

>10,000

PTB installations across the world

31.7%

Free Float

Note: Market Capitalization and Free Float as on September 30, 2022 * Current distillation capacity at 660 KLPD; announced expansion to 1110 KLPD

7

PAN INDIA FOOTPRINT

~206K Hectare Area under Sugarcane

300K+

Farmer Network

61,000 Tonnes per day crushing capacity

TRIVENI SUGAR & DISTILLERY UNITS

TR IV ENI WATER PROJECTS

TRIVENI POWER TRANSMISSION

8

OUR SUGAR & DISTILLERY UNITS' LOCATIONS

Deoband Sugar Co-Generation

Muzaffarnagar Multi-product Molasses Distillery Grain-based Alcohol Production Facility Multi-product Facility

Rani Nangal Sugar

Milak Narayanpur Sugar Incidental Co-Generation Multi-feed Distillery

Khatauli Refined Sugar 2 Co-Generation units

Sabitgarh Refined & Pharma Sugar Incidental Co-Generation Distillery

Ramkola Sugar

Chandanpur Sugar Incidental Co-Generation

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

9

FINANCIAL PERFORMANCE OVER THE YEARS

10

WELL DIVERSIFIED AND GROWING REVENUE BASE

₹ Crore

FY 19-22 Revenue CAGR 14.2%

Rising non-sugar contribution from 13% to 19% during FY 2019-22

Revenue from Operations (Gross)*

Segment-wise Contribution to Revenue from Operations#

4,437

4,703

4,694

3,152

2%

8%

4%

2%

7%

3%

7%

87%

-8%

5000 4500 4000 3500 3000 2500 2000 1500 1000 500 0

2% 6%

3%

9%

86%

-7%

FY 20

11%

87%

-8%

FY 21

3%

6%

4%

16%

81%

-10%

FY 22 Intersegmental Revenue

FY 19

FY 20

FY 21

FY 22

FY 19 Alcohol

Sugar

Power Transmission Water

Others

Revenue growth of 14.2% p.a. during FY 2019-2022 with increasing contribution from other businesses

Note: * Revenue from Operations (Gross) include 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 # Percentages calculated on Net Revenue from Operations excluding aforesaid excise duty

11

PROGRESSIVELY INCREASING PROFITABILITY WITH HEALTHY CONTRIBUTION FROM NON-SUGAR BUSINESSES

₹ Crore

FY 19-22 PBIT CAGR 21.6%

Sugar contribution of 62% in FY 2022

Profit Before Interest and Tax (PBIT)

540

543

627

348

Segment-wise PBIT Contribution

4%

9%

21%

5%

8%

19%

5%

66%

69%

10%

24%

62%

2%

11%

38%

49%

FY 19

FY 20

FY 21

FY 22

FY 19

FY 20

FY 21

Sugar

Alcohol

Power Transmission

FY 22

Water

700

600

500

400

300

200

100

-

PBIT growth of 21.6% p.a. during FY 2019-2022

Note: In FY 19, distillery profitability was higher due to increase in operating days and higher capacity utilisation which resulted in higher production by 80% and corresponding increase in sales volume. The higher profitability was also contributed by lower raw material prices.

12

HEALTHY MARGINS ACROSS BUSINESSES

70.0%

60.0%

50.0%

40.0%

30.0%

20.0%

10.0%

0.0%

62.0%

11.1%

28.7%

6.2%

2.9%

FY 19

PBIT Margins

12.2%

11.6%

31.5% 28.3%

9.4%

7.8%

FY 20

31.5%

19.6%

10.2%

9.2%

FY 21

14.6%

34.7%

22.4%

11.5%

11.1%

FY 22

16.0%

14.0%

12.0%

10.0%

8.0%

6.0%

4.0%

2.0%

0.0%

Sugar

Power Transmission

Alcohol

Water

Overall

All businesses delivered margin improvement in FY 22

Note: Margins have been calculated on revenues net of excise duty. In FY 19, distillery profitability was higher due to increase in operating days and higher capacity utilization which resulted in higher production by 80% and corresponding increase in sales volume. The higher profitability was also contributed by lower raw material prices.

13

HIGHEST EVER PROFITABILITY ACHIEVED IN FY 22

FY 22 EBITDA Growth 11.6% y-o-y

EBITDA and EBITDA Margins*

FY 22 PAT Growth 43.9% y-o-y

Profit After Tax (PAT)

11.8%

372.52

700

600

500

400

300

200

100

0

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%

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

Highest ever EBITDA and PAT in FY 22

₹ Crore

14

STRONG BALANCE SHEET POSITION

Total Debt (Consolidated)

Total Consolidated Debt To Equity (x times)

₹ Crore

1,725.9

1,558.2

1,568.0

994.0

720.7

1.51

1.16

0.82

0.64

0.22

FY 19

FY 20

FY 21

FY 22

H1 FY 23

FY 19

FY 20

FY 21

FY 22

H1 FY 23

Capital Discipline and Focus on Balance Sheet health

Note: Lower debt to equity in H1 FY 23 due to seasonal nature of earnings and substantial exceptional income during the half year

15

IMPROVING COST OF DEBT AND CREDIT RATING

Average Cost of Debt

Long-term credit rating

7.9%

6.3%

6.1%

5.0%

5.1%

ICRA AA (Stable) *

ICRA AA- (Stable)

ICRA AA- (Stable)

ICRA AA- (Stable)

FY 19

FY 20

FY 21

FY 22 H1 FY23

FY 19

FY 20

FY 21

FY 22

Note: On Standalone basis

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 on September 30, 2022 was ₹ 721 crore, comprising of term loans of ₹ 446 crore, almost all such loans are with interest subvention or at subsidised interest rate

16

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

Note: Return Ratios for H1 FY 23 not presented due to seasonal nature of earnings and substantial exceptional income during the half year

17

ENHANCING SHAREHOLDER RETURNS THROUGH COMBINATION OF BUYBACKS & DIVIDENDS

₹ Crore

Buyback of Shares

800

Dividend Payout

100

65

FY 20

FY 21

FY 23

78.6

32.9

42.3

21.8

FY 19

FY 20

FY 21

FY 22

Past history of returning cash through combination of dividend and buybacks Announced buyback of ₹ 800 crore in November 2022 @ ₹ 350 per equity share

Note: The Company completed buyback of ₹ 100 crores and ₹ 65 crores in August 2019 and August 2020, respectively FY 23 proposed buyback is subject to approval of shareholders

18

DIVIDEND POLICY OF 15-25%

Dividend Payout Ratio (%)

21%

15%

10%

10%

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

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

19

PERFORMANCE REVIEW Q2/H1 FY 23

20

KEY HIGHLIGHTS OF H1 FY 23 RESULTS

Revenue from Operations (Net of excise duty) at ₹ 2571.56 crore, an increase of 22%

Profit on divestment of stake in Triveni Turbine Limited (TTL) at ₹ 1401.20 crore

Profit before exceptional items and tax at ₹ 113.16 crore

Profit after Tax at ₹ 1454.21 crore

Modernisation at three sugar units completed leading to enhancement in crushing efficiency along with higher refined sugar and doubling of pharma grade sugar

The Board of Directors, subject to approval of shareholders, has approved a proposal to buy back from equity shareholders at a price of ₹ 350 per equity share for an aggregate amount not exceeding ₹ 800 crore

21

FINANCIAL HIGHLIGHTS Q2 / H1 FY 23

₹ Crore

Revenue from Operations (Gross)

1,471.62

1,155.02

Revenue from Operations (Net of excise duty)

1,345.89

1,068.46

27.4

26.0

2,833.10

2,266.48

2,571.56

2,105.22

25.0

22.2

Q2 FY 23

Q2 FY 22

Change (%) H1 FY 23 H1 FY 22 Change (%)

EBITDA

EBITDA Margin

Share of income from Associates

57.09

115.91

-50.8

180.84

269.13

-32.8

4

7.96

11

37.96

7

13

-79.0

-79.8

16.33

44.02

113.16

245.35

Profit Before Tax (PBT) Before Exceptional Items

24.48

121.46

Exceptional Items - income/(expense)

1,401.20

-

1,401.20

-

Profit Before Tax (PBT) After Exceptional Items

1,425.68

121.46

1073.8

1,514.36

245.35

Profit After Tax (PAT)

1,387.76

92.47

1400.8

1,454.21

184.77

Other Comprehensive Income (Net of Tax)

0.31

4.58

-93.2

(1.43)

4.42

Total Comprehensive Income

1,388.07

97.05

1330.3

1,452.78

189.19

EPS (not annualized) (₹/share)

57.40

3.82

1402.6

60.15

7.64

-62.9

-53.9

517.2

687.0

667.9

687.3

22

H1 FY 23: SUGAR BUSINESS SNAPSHOT

499,435 Tonnes

17.2%

Total sugar dispatches

Increase in total dispatches y-o-y

₹ 35,373

3.4%

Domestic Sugar Realisation (₹ /MT)

Increase in domestic realisation y-o-y

₹ 2059.39 Crore

Revenue

₹ 28.25 Crore

PBIT

23

SUGAR: HIGHER DOMESTIC REALISATIONS IN Q2 FY 23

Domestic Sugar Dispatches (Tonnes)

Domestic Realization price (₹/MT)

+22.6%

+1.6%

35447

211941

259895

34902

2Q FY 22

2Q FY 23

2Q FY 22

2Q FY23

Overall healthy domestic sugar prices, opportunity to export in SS 2022-23 owing to the strong international prices and currency depreciation

Higher sales volumes and domestic realizations

24

HEALTHY DOMESTIC SUGAR PRICES SUPPORTED BY PREMIUM PRODUCT MIX

Triveni Sugar Realization (Domestic) (₹/Qtl)

3,570

3,523

3,526

3,593

3,568

3,607

3,505

3,654

3,639

3,732

3,761

3,339

3,307

3,478

3,289

3,276

3,333

3,327

3,394

3,340

3,224

3,168

3,527

3,539

3,488

3,513

3,311

3,274

3,263

3,257

3,267

3,203

April

May

June

July

August

September October

November December

January

February

March

FY 2021

FY 2022

FY 2023

Overall domestic sugar realisations remain robust in FY 23

Note: Prices till November 6 considered for November month of FY 2023

25

SUGAR: HIGHER REVENUES; PROFITABILITY IMPACTED IN Q2 FY 23

SUGAR

REVENUE

26.3%

797.99

1,007.70

28.28

₹ Crore

PBIT

-25.04

Q2 FY 22

Q2 FY 23

Q2 FY 22

2Q FY 23

Revenues boosted by higher sales volumes and sugar realisations

Profitability impacted by lower contribution due to increased cost of sugar produced in the SS 2021-22 owing to significant increase in sugarcane price (SAP), only partially offset by increased sugar realisation price. Previous period also included export subsidy of ₹ 11.7 crores, not there in Q2 FY 23

Increased cost due to increase in wage board arrears of ~ ₹ 5 crore and increase in levy molasses obligation by 2%

The sugar inventory as on September 30, 2022 was 20.81 lakh quintals, which is valued at around ₹ 32/kg

26

H1 FY 23: ALCOHOL BUSINESS SNAPSHOT

85,343 KL

Alcohol Production

79%

84,611 KL

Alcohol sales

13%

Ethanol produced from B-heavy molasses in sales

Ethanol produced from grain in sales

660 KLPD

Distillery capacities

₹ 530.58 Crore

Revenue (net of excise duty)

100%

Capacity utilisation now at 660 KLPD after stabilisation of newly set-up distillery

₹ 97.02 Crore

PBIT

27

HIGHER ALCOHOL REALISATIONS AND SALES IN Q2 FY 23

Alcohol Production (KL)

+57.5%

Alcohol Sales (KL)

+23.3%

27341

43070

37066

45709

Q2 FY 22

Q2 FY 23

Q2 FY 22

Q2 FY 23

Avg. Realisation (₹/ltr)

Additional capacity commissioned in H1 FY 23 leading to higher sales volumes

51.52

58.10

Ethanol produced from B-heavy constitutes 70% sales volume in the current quarter as against 73% in the previous corresponding period

Q2 FY 22

Q2 FY 23

Ethanol produced from grain accounted for 24% sales volumes in the current quarter

Note: 2Q realisation includes relief announced by Oil Marketing Companies from June 1, 2022

28

ADDITIONAL DISTILLATION CAPACITIES ADDED IN H1 FY 23

ALCOHOL

NET REVENUE*

+45.1%

287.16

197.88

PBIT

-2.4%

48.34

47.18

Q2 FY 22

Q2 FY 23

Q2 FY 22

Q2 FY 23

* Revenue net of excise duty

Higher sales volumes led to higher revenues

The profitability has been impacted due to increased transfer price of B-heavy molasses,

initial stabilization period and comparatively lower margin with grain as feedstock.

₹ Crore

29

H1 FY 23: POWER TRANSMISSION BUSINESS SNAPSHOT

Dominant Player

In High-speed gears segment

Majority

Market share in High-Speed gears in South & Southeast Asia

>50 GW

Globally installed gears capacity

₹ 91.55 Crore

₹ 29.87 Crore

₹ 113.78 Crore

Revenue

PBIT

Order booking

₹ 245.16 Crore

10,000+

Outstanding order book

Gearboxes under operation

1,000+

Replacements of >80 global brands

30

POWER TRANSMISSION CONTINUES ITS GROWTH PATH

POWER TRANSMISSION

REVENUE

+12.4%

61.12

54.36

PBIT

+1.3%

20.83

21.10

Q2 FY 22

Q2 FY 23

Q2 FY 22

Q2 FY 23

Good performance in export markets over the last year

Seeing good traction from aftermarket segment, which supports margin profile

₹ Crore

31

POWER TRANSMISSION CLOSING ORDER BOOK UP 52% y-o-y

POWER TRANSMISSION

Order Booking

+19.3%

50.19

59.90

₹ Crore

Closing Order Book

+52.2%

161.09

245.16

Q2 FY 22

Q2 FY 23

Q2 FY 22

Q2 FY 23

Domestic market showing encouraging signs due to various Government policies and overall economic growth

In the export market, the business is focusing on increasing its market share to drive growth

In the defence segment, the business expects strong orders and is likely to show strong growth in coming years

32

H1 FY 23: WATER BUSINESS SNAPSHOT

1,200+

Successfully operational installations across segments pan India

10,000+ MLD

Water & Wastewater treated

2,000+

Process equipment supplied & commissioned

350+

₹ 133.51Crore

₹ 7.02 Crore

Full-time employees

Consolidated Gross Revenue

Consolidated PBIT

₹ 178.74 Crore

₹ 1,579.39Crore

₹ 939.52 Crore

Order booking (Order booking pertains to EPC and does not include O&M)

Outstanding order book

O&M Contracts in outstanding Order Book

33

CONTINUED IMPROVEMENT IN WATER BUSINESS REVENUES

WATER

₹ Crore

REVENUE

+43.1%

68.25

47.68

PBIT

+7.0%

4.47

4.17

Q2 FY 22

Q2 FY 23

Q2 FY 22

Q2 FY 23

Water Business has achieved Commercial Operations Date (COD) for entire Mathura Hybrid Annuity Mode (HAM) project w.e.f. October 21, 2022

Note: These results are based on consolidated results including wholly owned SPV executing Mathura Project awarded by National Mission of Clean Ganga (NMCG) under Namami Gange Programme and PALI ZLD Pvt. Ltd.

34

WATER BUSINESS ORDER BOOKING REMAINS ROBUST

WATER

₹ Crore

Closing Order Book**

+2.7%

1538.05

1579.39

Q2 FY 22

Q2 FY 23

Expecting robust order booking in the coming quarters and is well placed in certain bids being evaluated both domestically and internationally

Business has visibility of bids of substantial value which are expected to be floated during the year

Long duration O&M orders in hand are Q2 FY 23: ₹ 940 crore

**Including long duration orders for Operations & Maintenance (O&M)

35

ABOUT OUR BUSINESSES

SUGAR

36

GLOBAL SUGAR OUTLOOK

• Recent industry reports forecast the global sugar balance for SS 2022-23 at a surplus of 5.2 million tonnes*. This is driven by increased production by major sugar producers such as India, Brazil and Thailand.

• Center South Brazil sugar production is expected to

return to normal level of around 36 million tonnes during the next year, which is due to start in April 2023.

• Thailand production is also expected to increase to around 11.5 - 12 million tonnes in 2022-23 season starting October 2022

Source: S&P Global

37

THE INDIAN SUGAR INDUSTRY IS MOVING AWAY FROM CYCLICALITY

• Structural shift from a cyclical industry into more secular and consistent performance-based industry driven by timely and predictable Government intervention

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

• Record exports ~11.1 million tonnes during SS 21-22

despite no export assistance; 9 million tonnes estimated during SS 22-23

• Also supported by progressively increasing diversion of

sugarcane for production of ethanol under EBP programme from 0.34 million tonnes in SS 18-19 to 3.4 million tonnes in SS 21-22, increasing further to 4.5 million tonnes in SS 22-23

38

EXPORTS OF 6 MILLION TONNES ANNOUNCED FOR SS 2022-23

• Export policy for Sugar Season 2022-23 has been

announced which is a major positive for the sector

• The Government has announced export of 6 million tonnes

from 1 November 2022 till 31 May 2023

• We believe this is the first tranche and the Government will announce further exports in in the next 6 months to evacuate the balance sugar depending on sugar production and availability in the country

39

WHAT THIS EXPORT POLICY MEANS FOR TRIVENI?

• Triveni has received an export quota of 204898 tonnes in

the first tranche

• Contracted a major portion of the quota as refined sugar at a substantial premium over current domestic prices

Intend to despatch this quota in the current financial year

• This will substantially improve financial performance for FY 23 and make up for the reduced margins in H1 FY 23

40

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

+2.0 million tonnes*

+3.4 million tonnes*

+4.5 million tonnes*

s e n n o t n o

i l l i

m n

i

40.0

35.0

30.0

25.0

2,665.7

20.0

15.0

10.0

5.0

-

25.1

24.8

7.8

1.7

3,622.8

3,624.4

32.5

33.2

35.8

3,502.0

36.5

3,318.4

31.2

3,145.6

27.4

3,270.3

20.3

24.6

14.6

25.5

25.4

10.7

3.9

0.0

0.5

3.8

25.3

10.7

6.0

26.6

27.3

27.5

2,000.0

8.2

7.2

5.5

11.1

5.5

1,500.0

9.0

1,000.0

4,000.0

3,500.0

3,000.0

2,500.0

) l t

Q

(

l

i

a t n u Q / R N

I

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

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

41

INDIA SUGAR BALANCE SHEET: STABLE CLOSING STOCKS OF ~5.5 MT EXPECTED FOR SUGAR SEASON (SS) 2022-23

+2.0 million tonnes*

+3.4 million tonnes*

+4.5 million tonnes*

40.0 35.0 30.0 25.0 20.0 15.0 10.0 5.0 -

10.7

8.2

5.5

Opening Stock as on 1st Oct

India Sugar Balance Sheet (million tonnes)

35.8

36.5

31.2

26.6

27.3

27.5

11.1

9.0

7.2

8.2

5.5

5.5

Production

Internal Consumption

Exports

Closing Stock on 30th Sep

2020-21

2021-22 (E)

2022-23 (E)

Source: Triveni Estimates *sugar diversion to ethanol production

Closing inventories expected ~5.5 million tonnes in SS 2022-23

42

TRIVENI SUGAR BUSINESS SNAPSHOT

SUGAR • 7 FSSC 22000 certified sugar units in the sugar-rich

UP belt

• Multi-grade - Large, Medium and Small White

Crystal Sugar, Refined Sugar, Raw Sugar (for export based on market dynamics) • Pharmaceutical-grade Sugar • Sugarcane development programme with over 3

lakh farmers

CO-GENERATION • Power from co-product bagasse • 3 of the 6 co-generation plants use highly efficient

87 ata / 515 degree C steam cycle

• 104.5 MW grid connected co-generation capacity • Meeting captive needs, and surplus sold to Uttar

Pradesh Power Corporation Ltd.

43

STELLAR SUGAR BUSINESS PERFORMANCE YEAR AFTER YEAR

Area under Sugarcane (Lakh Hectares)

7 6 . 1

5 1 - 4 1 0 2

7 5 . 1 6 1 - 5 1 0 2

7 6 . 1

7 1 - 6 1 0 2

3 8 . 1

8 1 - 7 1 0 2

4 9 . 1

9 1 - 8 1 0 2

2 9 . 1

0 2 - 9 1 0 2

6 9 . 1

1 2 - 0 2 0 2

8 9 . 1

2 2 - 1 2 0 2

6 0 . 2

3 2 - 2 2 0 2

Sugar Produced (Lakh Quintals)

1 2 . 5 9

8 1 - 7 1 0 2

3 0 . 4 9

9 1 - 8 1 0 2

7 7 . 0 7

7 1 - 6 1 0 2

2 9 . 0 0 1

0 2 - 9 1 0 2

0 8 . 3 9

1 2 - 0 2 0 2

5 7 . 8 8

2 2 - 1 2 0 2

5 0 . 9 4 5 1 - 4 1 0 2

5 8 . 8 4 6 1 - 5 1 0 2

Sugarcane Crushed (LQ)

7 3 0 8 4 2 6 5 4

6 1 - 5 1 0 2

7 1 - 6 1 0 2

8 1 - 7 1 0 2

8 9 7

9 1 - 8 1 0 2

4 7 8

4 5 8

1 4 8

0 2 - 9 1 0 2

1 2 - 0 2 0 2

2 2 - 1 2 0 2

Gross Recovery (%)

0 8 . 0 1

6 1 - 5 1 0 2

6 0 . 1 1

7 1 - 6 1 0 2

8 3 . 1 1

8 1 - 7 1 0 2

9 7 . 1 1

9 1 - 8 1 0 2

7 9 . 1 1

0 2 - 9 1 0 2

6 8 . 1 1

1 2 - 0 2 0 2

0 7 . 1 1

2 2 - 1 2 0 2

3 1 5

5 1 - 4 1 0 2

7 5 . 9

5 1 - 4 1 0 2

Note: Data for Sugar Seasons; Gross recoveries (after adjustment on account of B-heavy molasses and syrup diversion) 2021-22 crush and recoveries impacted by climatic factors across the state of UP; Triveni amongst the leaders in peer group

44

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

• Strong recovery: The Company has one of the best recoveries

in the state of Uttar Pradesh

• Product Mix and Price Benefit: production capacity of ~60% refined sugar, coupled with the high-grade pharmaceutical quality sugar produced, helps secure higher realisations

• Prestigious Customer base: Key supplier to major

multinational soft drink companies, leading confectionery manufacturers, breweries, pharmaceutical companies, dairies and leading ice cream producers.

• 300k+ farmer relationships

45

OUR SUGAR BUSINESS INITIATIVES

• Modernisation of three of the existing sugar units at Khatauli, Deoband and Sabitgarh in Uttar Pradesh completed; to lead to enhancement in crushing efficiency

• Doubling capacity for pharma sugar which fetches a substantial

premium over refined sugar, making Triveni the largest producer in the country

Enhancing cane availability with minimal capex to increase the raw material for both sugar and distillery operations

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

Improving ICUMSA colour value to fetch superior realizations

Completed

Completed

Ongoing

Ongoing

Ongoing

46

CANE DEVELOPMENT PROGRAMME

Significant focus on Yield improvement through various agronomic interventions (e.g. wide spacing, trench planting, application of balanced dosage of nutrients, etc.)

Soil Health Improvement: Application of balanced dosage of fertilizers & nutrients as per soil analysis reports and recommendations

• Crop Protection from different Pests & Diseases

• A Memorandum of Understanding (MOU) has been signed with Sugarcane Breeding Institute, Coimbatore for trial of pipeline varieties. Will enable the Company to have early access to the newly released varieties from the Institute. Also, would have tested these varieties under our conditions

• Farm mechanization to improve crop productivity, reduce cost of

cultivation and also reduce dependability of manual labour

47

TRIVENI BRANDS: GETTING FUTURE READY

• Triveni sees a bright future for branded sugar in India, set

to grow at double digit CAGRs over the next 5 years

• Tremendous scope to bring to market higher grade and

quality offerings with premiumization trends

Focus on high quality products under trustworthy brands with an omni channel sales & distribution strategy while maintaining a lean structure

• Triveni Sugar brings to market Premium White Crystal

Sugar, High grade brown sugar, SweetLite (A stevia blended product) & coloured sugar – all in the premium priced zone.

• North India’s largest contract manufacturing business

around private label sugar

• Trailing 12-month revenue of Triveni brands @ ₹ 130 crore

48

ABOUT OUR BUSINESSES

ALCOHOL

49

ALCOHOL SEGMENT DRIVEN BY ETHANOL DEMAND

Ethanol Demand Drivers

• Government actively promoting the production and

blending of fuel ethanol with petrol, and has targeted 20% blending under Ethanol Blended Petrol (EBP) Programme by 2025 or EBP20

In order to achieve 20% blending in the country need installed capacity of 1,350 crore litres of ethanol

increasing mobility

Industry and Triveni estimates of ~4.50 million tonnes of sugar will get diverted during SS 22-23 for ethanol production which was around 3.4 million tonnes during previous season

• Ethanol from sugarcane route contributed to 85% of total supplied quantities over past three years. We believe sugarcane will remain the major contributor to the production of ethanol under EBP20

need for renewable fuel for cleaner environment

reducing trade deficit by lowering foreign exchange outgo

employment generation in rural areas

financial viability of sugar mills

utilising wide array of feedstocks that are surplus in the country like grain, rice, etc.

50

ETHANOL PRICING FOR ESY 2022-23 ANNOUNCED

• Government has been incentivizing the industry through supportive ethanol prices under the EBP Programme

• Prices were revised recently for Ethanol Supply Year (ESY) 2022-23, however we believe that to achieve the

aggressive blending targets more support is needed especially for sugarcane juice/syrup and grain as feedstocks

• Ethanol Supply Year (ESY) has also been redefined as a period of ethanol supply from 1st November of a year to 31st October of next year from 1st November 2023 onwards. In view of the above change in ESY period, the ESY 22-23 period will be considered from 1st December 2022 to 31st October 2023 i.e. 11 months

India Ethanol Pricing (₹/litre)

65.61

1.65

60.73

59.08

2.75

2.62

55.54

52.92

49.41

46.66

1.63

58.50

56.87

2.16

63.45

70.00

65.00

60.00

55.00

50.00

45.00

40.00

3.00

2.50

2.00

1.50

1.00

0.50

-

Sugarcane Juice / Sugar / Sugar Syrup

B-Heavy Molasses

C-Heavy Molasses Damaged Food Grain Surplus Rice sourced

from FCI

ESY 21-22

ESY 22-23

Change

51

RETURNS FROM VARIOUS FEEDSTOCKS

• Highest returns for B-Heavy

molasses

• Currently lowest returns for Sugarcane juice/syrup which needs to be significantly enhanced as main contributor to EBP20 and to evacuate sugar surplus on a going-forward basis

• Grain delinked from sugarcane

and has good potential however needs better incentivisation

B-Heavy

FCI Grain

Market Grain

Sugarcane Juice/Syrup

52

TRIVENI ALCOHOL BUSINESS FACILITIES & CAPACITIES

TOTAL CURRENT CAPACITY – 660 KLPD

Muzaffarnagar distillery – MZN

(200 KLPD molasses-based + 60 KLPD grain-based)

Molasses-based Fuel-grade Ethanol, Extra Neutral

Alcohol (ENA), Indian Made Indian Liquor (IMIL)

60 KLPD Grain-based Distillery – Ethanol, ENA, Distillers Dried Grain

Solubles (DDGS)

Sabitgarh distillery – SBT (200 KLPD)

Fuel-Grade Ethanol

Milak Narayanpur distillery – (200 KLPD)

Multi feed, Fuel-Grade Ethanol

53

OUR ALCOHOL BUSINESS STRENGTHS

• Flexibility of both feedstock (grain/sugarcane based) and product mix

(ethanol/ENA/Rectified Spirit, etc.) to optimize production and

profitability based on economics

• High operational efficiencies with continuous focus on the same to

further improve recoveries and reduce supplementary fuel

• Short timeframe in setting up large scale distilleries utilizing the entire

range of established feedstocks

• Full capacity utilization to maximize production

• High adherence to Environment, Health, Safety and Sustainability

standards

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

54

OUR ALCOHOL BUSINESS INITIATIVES

• Capacity expansion: Achieved overall capacity of 660 KLPD. First company to see such large incremental capacity coming onstream with Milak Narayanpur being the first distillery of its size in the country utilizing the entire range of feedstocks

• Overall capacity will be further expanded to 1110 KLPD

• Enhancement of cane availability: Higher cane crush will boost availability of feedstock for distillery operations

• Enhancing various value adding propositions through sale

of DDGS, potash-rich fly ash, CO2

Completed

Ongoing

Ongoing

Ongoing

55

OUR VALUE ADDED PROPOSITION: DISTILLERS DRIED GRAIN SOLUBLES (DDGS)

Facilities at Milak Narayanpur & Muzaffarnagar will help us enhance our value proposition through their partial/full operations on grains

• The by-product of grain-based operations, DDGS, is a protein rich product derived from grains after converting starch in fermentation with yeast to produce Ethanol

It provides a good amount of protein, fibres and other nutrients, and is a food supplement for poultry, cattle feed, livestock, aquatic products, etc.

• With no branded DDGS currently in the market, the potential for boosting

our revenues and enabling profitability with high quality DDGS

• DDGS selling price of ₹ 25-30/kg translating to ₹ 9-11/liter of alcohol

leading to significant offset of raw material and conversion cost

56

OUR VALUE ADDED PROPOSITION: FLY ASH

We convert the waste generated from the incineration boilers into revenue generating fertiliser:

• Potash-rich fly ash is used as a fertilizer for all types of crops in India. It was approved as a potassic fertilizer under the category Potash derived from molasses in Fertilizer Control order, India

• The process of conversion of molasses to ethanol generates spent wash (an effluent) which upon concentration is called Slop, further used as fuel in the Incineration boilers which leads to fly ash generation which is rich in potash

• The sale of the potash rich fly ash for fertilizer will boost the distillery’s revenue and reduce the foreign exchange burden as Murate of Potash (MOP) is completely imported in India

57

OUR VALUE ADDED PROPOSITION: CO2

In the fermentation process of alcohol manufacturing, carbon dioxide is generated as a by-product. This carbon dioxide can be captured, purified, liquified and put into cylinders or converted into dry ice.

• The Company has a carbon dioxide capturing unit at its

Sabitgarh distillery on a BOO basis for which we are paid for the raw carbon dioxide to earn additional revenues. Exploring the possibilities of installing 2 more plants in units

• This is an initiative towards Environment, reduction of

emission of Green House Gases (GHG). New opportunities on carbon sequestration by capturing CO2 and storing / injecting underground for mineral value are also being explored

58

ABOUT OUR BUSINESSES

POWER TRANSMISSION

59

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 gearing solutions

• Naval and Defence products

• Spares and Aftermarket solutions

Note: Sample list

60

MULTI-PRONGED STRATEGY IN POWER TRANSMISSION BUSINESS

Pillars of our strategic approach:

• World-class technology

• Automation & Digitalisation

• Associations & tie-ups

• Cost management & efficiencies

61

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

62

FORAY INTO DEFENCE

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

• Under the agreement, GEAE Technology USA has licensed Triveni to locally manufacture the LM2500 gas turbine’s base frame, acoustic enclosure, and lubricating oil skid and supply other source-controlled accessories that go into the LM2500 gas turbine enclosure assembly

• The LM2500 is the chosen propulsion gas turbine by the Indian Navy for many of its surface combatant vessels.

The LM2500 gas turbine, with power ranging from 25 MW to 35 MW, are best-in-class naval propulsion gas turbines and are in service with over 40 navy forces globally

• The agreement is another major step towards indigenisation of LM2500 gas turbine and accessories in line with the ‘Make in India’ policy of the Government of India. It will help bring the high-end technology indigenously to the Indian Defence as part of a long-term plan

Strengthened our focus on providing critical technology and engineered solutions on multiple fronts to Indian Navy and Indian Defence industry

We are aiming to start a new multi-modal facility, dedicated to Defence products, at Mysuru. We are also looking at developing a pool of highly competent resources with required domain expertise for this proposed facility

63

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

64

OUR POWER TRANSMISSION BUSINESS INITIATIVES

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

• Signed 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

Ongoing

Completed

Ongoing

Ongoing

Propulsion Gas Turbines Packages

Propulsion Shafting

Indigenous Packaging of propulsion gas turbine

Propulsion System Integration

Application based EPC solutions

Solutions for Steering Systems / Stabilisers

65

ABOUT OUR BUSINESSES

WATER

66

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

67

WATER: TRIVENI‘S CUSTOMISED AND SUSTAINABLE FUTURISTIC SOLUTIONS

CUSTOMERS

Industrial

• Municipal

MODES OF OPERATION

• 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

68

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

69

SELECT ON GOING WATER & WASTEWATER PROJECTS

• Awarded the Pali HAM/PPP project

• Awarded an EPC Project in Bangladesh under a joint-venture

with a local company

• 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

70

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

KEY HIGHLIGHTS

Integrated Sewerage Management project for Mathura city in Uttar Pradesh under a one-city-one-operator framework in PPP/HAM mode Part of the Namami Gange programme of the Ministry of Jal Shakti, the Government of India

ACTIVITIES

To make the Yamuna river flowing through Mathura city pollution-free, 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 Recycling of treated sewage is being done with 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

BENEFITS

Provide assured quality and quantity of treated water consistently to the Mathura refinery Relieve pressure on fresh water sources so as to better address other critical needs like municipal water supply and agriculture

Water Business has achieved Commercial Operations Date (COD) for entire Mathura Hybrid Annuity Mode (HAM) project w.e.f. October 21, 2022

71

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

KEY HIGHLIGHTS

• •

12,000 M3 per day (12 MLD) capacity textile wastewater treatment plant for effluent generated by over 500 industrial units, an industrial cluster of Pali district in Rajasthan Project awarded by the industry association through their CETP Foundation, a Special Purpose Vehicle (SPV) created for the purpose 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 PZPL to carry out O&M for 15 years after plant completion

ACTIVITIES

• Upgradation of existing Common Effluent Treatment Plant (CETP) in a major way •

This will be 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

BENEFITS

Pali industries are sourcing water for their process needs from distant groundwater sources through water tankers and the proposed plant will ensure metered water supply consistently through elaborate piping network in the entire industrial complex Pali is water-stressed region and proposed plant will ensure reduced groundwater extraction for overall ecological benefits Recycled water will be of much better quality compared to available groundwater in terms of TDS/hardness and thus overall lower O&M cost within industries

72

• •

OUR ESG FOCUS & CSR INITIATIVES

73

STRONG ENVIRONMENTAL, SOCIAL AND GOVERNANCE FOCUS ACROSS LIFECYCLE

OUR PHILOSOPHY

• Building efficient and sustainable environment, system and practices to ensure accountability, transparency,

fairness in our endeavours

• Commitment to ethical and lawful business conduct •

Focus on using environment friendly products, processes and solutions

ENVIRONMENT FOCUS BY USING RENEWABLE ENERGY, REDUCING POLLUTION

• The Company produces power mostly from captive generation of bagasse (a by-product produced during

manufacture of sugar from sugarcane), which is a renewable source of energy

• The distilleries of the Company use captive generated molasses (a by-product produced during manufacture of

sugar from sugarcane) to manufacture environment friendly Ethanol (in substitution of fossil fuels) Installed & operating incineration boilers along with complete related systems to ensure Zero Liquid Discharge (ZLD) in all distilleries

• The Water business is engaged in offering solution to the industries and municipalities in the area of waste water, sewage and effluents treatment which has the impact of preserving much precious water and reduce pollution and contamination

• High speed gears manufactured by the Company are used to operate steam turbines based on various renewable energy sources, such as, biomass, agricultural waste, waste heat recovery etc. The Company also supplies gearboxes for hydel applications and also for wind gear components, both of which are used for renewable energy generation

74

STRONG ENVIRONMENTAL, SOCIAL AND GOVERNANCE FOCUS ACROSS LIFECYCLE

SUSTAINABLE SOURCING INCLUDING TRANSPORTATION

• The main raw material sugarcane is sourced from the farmers and the Company deals with over 3 lakh farmers

in respect of its seven sugar units, enhancing rural income

• To avoid staling of cane, deploys extensive and efficient arrangements as well as logistics services to transport

cane from cane centers to the mill in a timely and cost effective manner

• Cogeneration plants are set up at the sugar mills and they seamlessly get supply of bagasse mainly from the own sugar units, mostly through the conveyer belts, reducing the transportation related costs and pollution

REDUCING EFFLUENTS

Installed well engineered Bag Filters/ Electrostatic precipitators (ESPs)/Wet Scrubbers in its boilers to reduce air pollution well below statutory norms

• Operating an effective system to treat the industrial effluents and it regularly monitors the efficacy of ETP

INDUSTRY PARTNERSHIPS

• The Company has associated with Confederation of Indian Industry (CII) and formed a center of excellence “CII Triveni Water Institute” which does extensive research and advise wide ranging interventions to improve the quality of water and restore adequate water tables

75

CORPORATE SOCIAL RESPONSIBILITY (CSR) INITIATIVES

The Company has proactively embraced social responsibility to create a positive impact in the communities in which it works and operates. Along with sustained economic performance, Triveni believes in the importance of social stewardship. The Company is committed to creating an environment that contributes to the well-being of communities and the conservation of nature.

Education and Women Empowerment

• Support to schools at Khatauli, Deoband and Ramkola through free/subsidised education to children of local communities

• Financial Support to Nursing School to improve teaching standards

Promoting Sports

Supported India Youth Soccer Association, an NGO promoting football among the economically backward section of the society which undertook Josh Rural project and supported boys, girls and coaches in villages and small town Football Academies in North India with kit, footballs & training equipment.

76

CSR INITIATIVES

Healthcare

• Supported a charitable hospital to prevent coronavirus among the hospital staff as well as provide amenities to patients to prevent the spread of coronavirus within the hospital premises.

• Organised a programme to promote healthcare in women,

especially of the lower socio-economic strata in Delhi through a charitable hospital where the hospital provided free investigations and medical advice/consultation

• Supported a mass screening programme for ovarian cancer &

relationship factors of Vitamin D in association with Sahbhagita International Foundation at Sabitgarh.

77

CSR INITIATIVES

Environment Sustainability

• Implemented soil health analysis and fertilizer

incentive programme among the farmers community in order to support the environment sustainability and maintain ecological balance of the soil.

• In association with a Centre of Excellence on Water,

a project was implemented to raise awareness among diverse stakeholders on usage of innovative methods, state-of-the-art tools and world-class techniques that meet international standards and enable appropriate decision-making for water resource planning in India.

78

SHAREHOLDING PATTERN

79

SHAREHOLDING PATTERN

68.26%

4.43%

6.02%

17.13%

0.79%

1.79%

1.57%

Promoter Group

Foreign Portfolio Investors Mutual Funds + AIF

Resident Individuals

Corporate Bodies

NRI

Others

Note: For the quarter ending September 30, 2022. Others comprise of Clearing members, HUF, Trust, IEPF, etc.

80

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.

81

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

82

THANK YOU

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