Transformers And Rectifiers (India) Limited has informed the Exchange regarding Investor Presentation

t I'2Cl:inl1r~(lndl2l) ltd

Date: 14th November, 2019 Ref: TRIL/SECT/2019-20/NSE-BSE/COMPL/39

To, The Secretary BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Security Code : 532928

To, The Secretary National Stock Exchange of India Limited Exchange Plaza, C-l, Block G, Bandra - Kurla Complex, Bandra (E), Mumbai - 400 051 Trading Symbol: TRIL

Dear Sir/Madam,

Sub: Presentation

With reference to the captioned subject, we send herewith Presentation of and Consolidated Financial Results of the the Unaudited Standalone Company for the quarter and half year ended 30th September, 2019 to Regulation 30 of the SEBI (Listing Obligations and Disclosure pursuant Requirements) Regulations, 2015.

Please take the same on your record.

Thanking you,

Yours faithfully, For Transformers and Rectifiers (India) Limited

p._, D' ~9-"

Rakesh Kiri Company Secretary

Encl.: As above.

Regd. Office: Survey No. 427 P/3-4, & 431 P/1-2, Sarkhej-Bavla Highway, Moraiya, Tal.: Sanand, Dist.: Ahmedabad 382213. Tel.: 91 - 2717 - 661661 Fax: 91 - 2717 - 661716 E-mail: info@transformerindia.com Website: www.transformerindia.com

CIN No.: L33121 GJ1994PLC022460

An ISO 9001:2015, ISO 14001:2015 & ISO 45001:2018 CERTIFIED

Q2 - FY 2019-20 - Presentation 14th November, 2019

Disclaimer

This presentation and the discussion that follows may contain certain words or phrases that are

forward - looking statements, based on current expectations of the management of Transformers and

Rectifiers (India) Limited or any of its subsidiaries and associate companies (“TRIL”). Actual results may

vary significantly from the forward-looking statements contained in this presentation due to various risks

and uncertainties. These risks and uncertainties include the effect of economical and political conditions

in and outside India, volatility in interest rates and the securities market, new regulations and

Government policies that may impact the businesses of TRIL as well as its ability to implement the

strategy.

The information contained herein is as of the date referenced and TRIL does not undertake any obligation

to update these statements. TRIL has obtained all market data and other information from sources

believed to be reliable or its internal estimates, although its accuracy or completeness can not be

guaranteed. This presentation is for information purposes only and does not constitute an offer or

recommendation to buy or sell any securities of TRIL. This presentation also does not constitute an offer

or recommendation to buy or sell any financial products offered by TRIL. Any action taken by you on the

basis of the information contained herein is your responsibility alone and TRIL or its Directors or

employees will not be liable in any manner for the consequences of such action taken by you. TRIL

and/or its Directors and/or its employees may have interests or positions, financial or otherwise, in the

securities mentioned in this presentation.

BS OHSAS 18001 : 2007

Financial Results - Standalone

Particulars (Rs. in Lakhs)

Q2 FY 2020

Q2 FY 2019

H1 FY 2020

H1 FY 2019

Revenue from Operations (Gross)

Other Income

Total Income

Expenditure

Cost of Raw Materials

Employee Cost

Other Expenditure

Depreciation

Finance Cost

Profit Before Tax

Less : Tax

Add: Other Comprehensive Income

PAT

EBITDA

EBITDA Margin

PAT Margin

14911

375

15286

18643

541

19184

31640

1421

33061

41016

632

41648

11441

14677

23919

32526

722

1641

455

940

87

26

0

61

1482

9.7%

0.4%

775

2235

429

1197

(129)

(62)

(4)

(71)

1497

7.8%

(0.4%)

1420

4619

909

1984

210

68

(1)

141

3103

9.4%

0.4%

1512

4287

836

2244

243

67

(10)

166

3323

8.0%

0.4%

ISO 45001 : 2018

Financial Results - Consolidated

Particulars (Rs. in Lakhs)

Q2 FY 2020

Q2 FY 2019

H1 FY 2020

H1 FY 2019

Revenue from Operations (Gross)

Other Income

Total Income

Expenditure

Cost of Raw Materials

Employee Cost

Other Expenditure

Depreciation

Finance Cost

Profit Before Tax

Less : Tax

Add: Other Comprehensive Income

PAT

EBITDA

EBITDA Margin

PAT Margin

15394

354

15748

19099

433

19532

32699

1386

34085

41762

513

42275

11304

14616

23767

32307

787

2071

499

969

118

36

0

76

1586

10.07%

0.5%

838

2528

462

1224

(136)

(63)

(4)

(103)

1550

7.94%

(0.4%)

1543

5474

994

2049

258

108

(1)

118

3301

9.68%

0.4%

1630

4894

909

2299

236

66

(10)

122

3444

8.15%

0.4%

ISO 45001 : 2018

Assets and Liabilities - Standalone

Particulars (Rs. in Lakhs)

Share Holders Fund

Long Term Borrowing

Other Non Current Liabilities

Short Term Borrowing

Current Liabilities

Deferred Liabilities (net)

Total Equity and Liabilities

Property, Plant & Equipment

Other Non Current Assets

Inventories

Trade receivables

Cash and Bank Balances

Other Current Assets

Total Assets

As at 30th September 2019

As at 30th March, 2019

32825

2206

698

23083

27002

377

86191

16520

5210

19633

35936

2185

6707

86191

32685

2657

690

20682

26939

310

83963

16838

4816

17574

36935

2537

5263

83963

ISO 45001 : 2018

Assets and Liabilities - Consolidated

Particulars (Rs. in Lakhs)

Share Holders Fund

Long Term Borrowing

Other Non Current Liabilities

Short Term Borrowing

Current Liabilities

Deferred Liabilities (net)

Total Equity and Liabilities

Property, Plant & Equipment

Other Non Current Assets

Inventories

Trade receivables

Cash and Bank Balances

Other Current Assets

Total Assets

As at 30th September 2019

As at 30th March, 2019

34423

2263

709

23772

28483

297

89947

18633

4052

21545

37457

2290

5970

89947

34282

2708

701

21361

28621

220

87893

18838

3697

19503

37500

2657

5698

87893

ISO 45001 : 2018

Major Updates

 The Company has received order from one central utility

of Transformers amounting to Rs. 126 Crores.

 The Company has received order from one of subsidiary of central utility of Transformers amounting to Rs. 69 Crores.

 The Company has received order from one state utility of

Transformers amounting to Rs. 89 Crores.

 The Company has received order from Private Company

of Transformers amounting to Rs. 15 Crores.

 The Company has order book valuing Rs. 1125 Cr as on

31st October, 2019.

ISO 45001 : 2018

Major highlights

 During Q2FY2020, Revenue from Operations stood at Rs. 149.11 Cr, drop of 25% as compared to Rs. 186.43 Cr during Q2FY2019.

 During Q2FY2020, EBIDTA margin stood at 9.7% of Revenue as compared to 7.8% of Revenue during Q2FY2019.

 During H1FY2020 Revenue from Operations stood at Rs. 316.40 Cr, drop of 30% as compared to Rs. 410.16 Cr during H1FY2019.

 During H1FY2020, EBIDTA margin stood at 9.4% of Revenue as compared to 8.0% of Revenue during H1FY2019.

ISO 45001 : 2018

Operational Performance

Particulars

Sales MVA Up to 220kV

Above 220kV

Q2FY’2020 Q2FY’2019

H1FY’2020 H1FY’2019

FY’2019

1171

2930

4730

500

3364

5030

8662

2785

16294

5515

Particulars

Q2FY’2020 Q2FY’2019

H1FY’2020 H1FY’2019

FY’2019

Sales Breakup - Customer Segment

Utilities (SEBs, PGCIL, Railways etc.)

Industrial (incl. renewables) Exports (Incl. Third Party Exports)

In Crore

%

In Crore

%

In Crore

%

In Crore

%

In Crore

%

82

55% 131

70%

161

51% 271

66%

540

65%

61

41%

43

23%

139

44%

86

21%

218

26%

6

4%

13

7%

16

5%

53

13%

75

9%

Total

149

100% 187

100% 316

100% 411 100% 833

100%

ISO 45001 : 2018

Strength

In-house technical & In-house technical & design capabilities design capabilities

 Design & engineering capabilities developed indigenously & in-house enabling the company to  Design & engineering capabilities developed indigenously & in-house enabling the company to

achieve greater customization and cater to niche segments achieve greater customization and cater to niche segments

 Designs structured so as to minimize the losses occurring within the transformer  Designs structured so as to minimize the losses occurring within the transformer

 Unique distinction of being approved by utilities for power transformers up to 400 kV class  Unique distinction of being approved by utilities for power transformers up to 400 kV class

without any external technological support without any external technological support

 Backward integration providing timely & cost-effective access to critical raw material  Backward integration providing timely & cost-effective access to critical raw material

Cost Advantage Cost Advantage

components components

 Installation of new machines (oven) has helped reduce cycle time to manufacture transformers  Installation of new machines (oven) has helped reduce cycle time to manufacture transformers

 Manufacturing entire range of transformers including power generation, T&D, industrial and  Manufacturing entire range of transformers including power generation, T&D, industrial and

certain special transformers certain special transformers

Wide product Wide product portfolio and portfolio and customer base customer base

 One of the largest manufacturers of furnace transformers  One of the largest manufacturers of furnace transformers

 Preferred supplier to many utilities & industrial companies in India  Preferred supplier to many utilities & industrial companies in India

Well positioned to Well positioned to move up the value move up the value chain chain

 Exported transformers to countries such as England, Canada, U.A.E., South Africa, Saudi Arabia  Exported transformers to countries such as England, Canada, U.A.E., South Africa, Saudi Arabia

& Indonesia & Indonesia

 Manufacturing customized transformers & providing requisite on-site and after-sales service  Manufacturing customized transformers & providing requisite on-site and after-sales service

support support

 Robust business model with revenues split almost equally between utilities & industries  Robust business model with revenues split almost equally between utilities & industries

 In house capabilities and self reliance by way of backward integration.  In house capabilities and self reliance by way of backward integration.

 Supported with strong technical collaboration with ZTR for 765 Kv transformer & with Fuji for  Supported with strong technical collaboration with ZTR for 765 Kv transformer & with Fuji for

400/765 KV reactors and 400 Kv generator transformer. 400/765 KV reactors and 400 Kv generator transformer.

 KEMA, Netherlands BV, the world renowned short circuit testing laboratory, Successfully tested  KEMA, Netherlands BV, the world renowned short circuit testing laboratory, Successfully tested

our 315 MVA, 400/220/33 kV, 3 phase autotransformer our 315 MVA, 400/220/33 kV, 3 phase autotransformer

ISO 45001 : 2018

Product Portfolio

Distribution Transformers

Furnace Transformers

Power Transformers

Rectifier Transformers

Classification of transformers

Range

Types

Power Transformer

Upto 1200 kV class

Generator transformer, Unit Auxiliary transformers, Step up & Step Auto transformers, Dual Voltage Primary or Secondary Three winding transformers

Interconnecting

transformers,

down

Shunt Reactor

Upto 765 kV class

Reactors upto 765 kV class

Distribution Transformers

160 kVA and above

Furnace Transformers

105 kA and above

Earthing transformers, Three winding transformers, Step up & Step down transformers, Dual voltage Primary or Secondary

Arc Furnace, Submerged Arc Furnace transformers

Induction Furnace, Laddle Arc Furnace and

Rectifier Transformers

Upto 160 kA DC

For DC power sources for Melt and Chemical Industries

ISO 45001 : 2018

Testing Lab Facility

Infrastructure 1000 Sq. meter, 25 meter high test bay with shielding suitable for partial discharge measurements

Test Sources • 3000 kW 50/60 Hz Generator • 250kV Transformer for High Voltage

test

• 0-170kV Source Transformer for

losses measurement

• 1500 kW 200Hz Generator • 50 MVAr Capacitor Bank • 800kV Source Transformer

(provision to increase upto 100MVAr)

ISO 45001 : 2018

An ISO 9001:2015, ISO 14001:2015 & ISO 45001:2018 CERTIFIED

Thank you

www.transformerindia.com