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

t I'I1CtlHITx(indill) ltd

Date: 12th February, 2021 Ref: TRILl SECT12020-21I NSE-BSEI COMPL/49

To, The Secretary BSE Limited Phiroze Jeejeebboy Towers, Dalal Street, Mumbai - 400001 Security Code : 532928

To, The Secretary National Stock Exchange of India Limited Exchange Plaza, C-1, 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 nine month ended 31st December, 2020 pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Please take the same on your record.

Thanking you,

Yours faithfully, For Transformers and Rectifiers P- I Rakesh Kiri Company Secretary

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,

(India) Limited

Enc1.: As above.

Regd. Office: Survey No. 427 P!3-4, & 431 P!1-2, Sarkhej-Bavla Highway, Village: Moraiya, Tal.: Sanand, Dist.: Ahmedabad 382 213. Tel.: 91 - 2717 - 661661 Fax: 91 - 2717 - 661716 E-mail: info@transformerindia.com Website: www.transformerindia.com

C IN No.: L33121 GJ 1994PLC022460

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

Q3 - FY 2020-21 - Presentation 12th February, 2021

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.

ISO 45001 : 2018

FINANCIALS - STANDALONE

Particulars (Rs. in Lakhs)

Q3 FY 2020-21

Q3 FY 2019-20

9M FY 2020-21

9M FY 2019-20

Revenue from Operations (Gross)

16,394

20,492

45,090

Other Income

Total Income

Expenditure

76

126

300

16,470

20,618

45,390

52,132

1,547

53,679

F Y

2019-20

68,306

1,696

70,002

Cost of Raw Materials

12,128

16,161

33,207

40,080

51,559

Employee Cost

Other Expenditure

Depreciation

Finance Cost

Profit Before Tax

Less : Tax

Add: Other Comprehensive Income

PAT after Comprehensive Income

EBITDA

EBITDA Margin

PAT Margin

643

1,996

441

1,139

123

80

3

46

1,703

10.34%

0.28%

816

2,065

445

1,009

122

47

(1)

74

1,576

7.64%

0.36%

1,912

5,507

1,330

3,266

168

95

10

83

4,764

10.50%

0.18%

2,236

6,684

1,354

2,993

332

115

(2)

215

4,679

8.72%

0.40%

2,978

9,155

1,793

4,446

71

17

17

71

6,310

9.01%

0.10%

ISO 45001 : 2018

Q3 FY 2020-21 RESULT HIGHLIGHTS

Q3 FY 2020-21  Revenue from Operations stood at Rs. 163.94 Cr decreased by 20% as compared to Q3 FY 2019-20 due to delay in shipment of export consignments.

 EBIDTA stood at Rs. 17.03 Cr as compared to Rs. 15.76 Cr during Q3FY 2019-20 (8% up) due to better gross margins in utilities orders and reduction in operational expenses.

9 Month FY 2020-21  Revenue from Operations stood at Rs. 450.90 Cr, decreased by 13% as compared to 9M FY 2019-20 impacted due to major decrease in sales in Q1 2020-21.

 EBIDTA stood at Rs. 47.64 Cr as compared to Rs. 46.79 Cr

during 9M FY 2019-20 due to better product mix.

ISO 45001 : 2018

FINANCIALS - CONSOLIDATED

Particulars (Rs. in Lakhs)

Q3 FY 2020-21

Q3 FY 2019-20

9M FY 2020-21

9M FY 2019-20

F Y

2019-20

Revenue from Operations (Gross)

16,845

21,084

45,830

Other Income

Total Income

Expenditure

95

113

339

16,940

21,197

46,169

53,783

1,499

55,282

Cost of Raw Materials

12,006

16,097

32,629

39,864

Employee Cost

Other Expenditure

Depreciation

Finance Cost

Profit Before Tax

Share of profit/(loss) of associates and joint ventures

Less : Tax

Add: Other Comprehensive Income

PAT after Comprehensive Income

EBITDA

EBITDA Margin

PAT Margin

702

2,333

483

1,177

239

-

128

3

114

1,899

11.21%

0.67%

883

2,464

487

1,046

220

9

73

(1)

155

1,753

8.27%

0.73%

2,086

6,425

1,457

3,356

216

(2)

111

10

113

5,029

10.89%

0.24%

2,426

7,938

1,481

3,095

478

9

181

(2)

304

5,054

9.14%

0.55%

70,095

1,585

71,680

50,942

3,236

10,782

1,959

4,577

184

2

81

18

123

6,720

9.38%

0.17%

ISO 45001 : 2018

Q3 FY 2020-21 RESULT HIGHLIGHTS Consolidated

Q3 FY 2020-21

 Revenue from Operations stood at Rs. 168.45 Cr decreased by

20% as compared to Q3FY 2019-20.

 EBIDTA stood at Rs. 18.99 Cr as compared to Rs. 17.53 Cr

during Q3FY 2019-20 (8% up) .

9 Month FY 2020-21

 Revenue from Operations stood at Rs. 458.30 Cr, decreased by

14% as compared to 9M FY 2019-20.

 EBIDTA stood at Rs. 50.29 Cr as compared to Rs. 50.54 Cr

during 9M FY 2019-20.

ISO 45001 : 2018

OPERATIONAL PERFORMANCE

Particulars

Sales MVA Upto 220kV Above 220kV

Particulars

Sales Breakup - Customer Segment Utilities (SEBs, Rail and Utilities etc.) Industrial (incl. renewables) Exports (Incl. Third Party Exports - Utilities & Power) Total

Q3 FY 2020-21

Q3 FY 2019-20

9M FY 2020-21

9M FY 2019-20

FY 2019-20

2440 1740

3014 1775

6886 5842

6374 6805

9008 8730

Q3 FY 2020-21

Q3 FY 2019-20 %

9M FY 2020-21

9M FY 2019-20 In Crore % In Crore % In Crore %

FY 2019-20

In Crore % In Crore

86

52%

125

60% 216 48%

280 52% 379 56%

63

38%

56

27% 200 44%

216 40% 249 36%

15

9%

27

13% 34

8%

43

8% 55

8%

164 100% 208

100% 450 100%

539 100%

683 100%

ISO 45001 : 2018

Orders in Hand

 The Company has order book valuing Rs. 1015 Crore as on 31st

January, 2021

 Company is executing export order of Rs. 166 Crs and total

execution will complete by Oct / Nov.2021

 In continuation of our focus on export business and repetitive export orders executed in the past, Company has entered into long term contract with foreign utility in Asia Pacific region, where company expects to receive orders worth Rs. 30+ Crs annually.

 The Company has received Order from one of the State Utility for

Transformers amounting to Rs. 98 Crs

 The Company has received Order from EPC’s for supplies to

Central utilities and state utilities to the tune of Rs. 45 Crs.

ISO 45001 : 2018

Awards and Recognition

Central Power Research Institute (CPRI) is an autonomous body set up under aegis of Ministry of Power, Government of India and is serving Indian power sector for more than 60 years in various areas of Applied research, Testing and Power of and many more. Equipment During CPRI annual vendor meet held in December, Transformers & Rectifiers India Limited won the Customer Valued prestigious Award in and Certification – Indian Customer” category for year 2019-20.

Certification

“Testing

the

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

Cost Advantage Cost Advantage

components components

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

 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