Thermax Limited – Corporate PresentationThermax Limited – Corporate Presentation

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35th Annual General Meeting10th Aug 2016

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Largest project site under execution at Dahej

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Largest project site under execution at Hazira

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WHRUs installed on an FPSO

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Fuel shift – TOESL execution

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Largest order received for Chillers

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Thermax shines at ACREX 2016

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Retrofit of Power plant emission equipment

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Modularisation of Large boilers

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Rooftop Solar PV

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Integrated Solar Thermal Solutions

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EPC Power projects for Cement Waste heat

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O&M of Power plants in South-East Asia

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New Products and Solutions

THERMEON Low Pressure Vapour Chillers in Potato Frying Application

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Reflecting Back on FY16….

ExternalIndia - Fastest growing consumption led economyCOP 21InternalTL consolidated has performed better on Sales & PAT compared to previous yearProduct and service businesses grown consistently Loan repayment of TBWESConsolidated International business

ExternalGlobal uncertaintiesLow capacity utilization continues – No large investments, Capital goods sector affectedPower sector woes continue InternalProject business (dependent on Capital goods segment) continues to underperform

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Financials - Thermax Limited

3701

3951

3200

3550

3900

4250

4600

CY FY-16 LY FY-15

4287

4544

3200

3550

3900

4250

4600

CY FY-16 LY FY-15

306

336

200

250

300

350

CY FY-16 LY FY-15

3747

4396

3200

3550

3900

4250

4600

CY FY-16 LY FY-15

Order Booking (INR Cr)

Total Sales(INR Cr)

Order Balance(INR Cr)

6% 6%

15%

Profit after Tax(INR Cr)

9%

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Financials - Thermax Group

4515

5293

4000

4300

4600

4900

5200

5500

5800

CY FY-16 LY FY-15

Order Booking (INR Cr) 5425

5242

4000

4300

4600

4900

5200

5500

5800

CY FY-16 LY FY-15

Total Sales (INR Cr)

3%15%

275

210200

250

300

350

CY FY-16 LY FY-15

4659

5670

4000

4300

4600

4900

5200

5500

5800

CY FY-16 LY FY-15

Order Balance(INR Cr)

18%

Profit after Tax(INR Cr)

31%

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Key Subsidiary/JV/Associate Highlights

Thermax Babcock & Wilcox Energy Solutions (TBWES) The company became debt free after loan repayment.

Overseas orders from the JV partner helped the JV become EBIDTA positive.

Thermax (Zhejiang) Cooling & Heating Engg. Company Ltd. Lower revenues compared to last year due to subdued manufacturing capacity addition

Won a prestigious order for District heating using exhaust of GE Frame 9 gas turbines exhaust heat

Danstoker Decline in activities on biomass projects and no orders from Russia due to the crisis in Ukraine affecting

Order booking

The company registered a small positive PBT for the year

TOESL Profits doubled over previous year

Challenges in the current year - due to low oil prices & delayed decision making

First Energy Lower revenues - made a loss due to significant reduction in LPG prices

Introduced boilers (steam) for cooking

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New Beginnings – Chemical factory at Dahej

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ETP AREA

RAW / FIRE FIGHTINHG WATER TANKGAS STATION

ADMIN BUILDING

ELECTRICAL SUBSTATIONPCC

PETROLEUM TANKFARM

SOLVENT DRUM STORE

SOLVENT TANKFARM

WARE HOUSE & COLD STORAGE

PRODUCTION BUILDING

ACID TANKFARM

UTILITY BUILDING WASTE STORAGE & SCRAP YARD

WORK SHOP

SOLUTION PREPARATION AREA

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New Beginnings – Chemical factory at Dahej

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Production Building

Administration Building

Acid/Alkali Tankfarm

Emergency/Final Discharge Tank

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New Beginnings – Heating factory at Indonesia

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Way Forward (Short term)

Focus on getting Indonesia & Dahej factories up and running

Continue introduction of new products / applications

Continue building on products and services

Rationalisation of Expenses / tighter control on cash flow

International market for orders

1

Focus on Waste to Energy / targeted solar applications

2

3

4

5

6

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Giving Back to Society – Thermax Foundation

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Akanksha LIFT

Teach for India Pune City Connect

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Thank You