Sustainable Solutions in Energy and Environment 1 Thermax Thermax Limited Limited –– Corporate Corporate Presentation Presentation Vision To be a globally respected high performance organisation offering sustainable solutions in energy and environment 2 Thermax Thermax Limited Limited –– Corporate Corporate Presentation Presentation Sustaining Values and Brand Attributes Integrity Respect Transparent Trusted Customer focused Fairness Entrepreneurial Excellence Commitment Innovative Socially responsible 3 Thermax Thermax Limited Limited –– Corporate Corporate Presentation Presentation Thermax Today Rs. 4366 crore company with subsidiaries and sales & service network in Asia, Middle East, Africa, Europe and the Americas. Headquartered in Pune, India and operate globally through 19 International offices, 12 Sales & Service offices and 12 manufacturing facilities - 7 of which are in India and 5 overseas. Supports customers in over 75 countries with solutions to conserve energy and preserve the environment. A partner in the global initiative for sustainable development. 4 Thermax Thermax Limited Limited –– Corporate Corporate Presentation Presentation Thermax Evolution: A Snapshot Established in 1966 as Wanson (India) Thermax Private Limited formed in 1980 and Wanson (India) merged with Thermax Becomes a public limited company in 1996 Features in the Forbes Asia list of “Best under a Billion” companies in 2008 Thermax - Babcock & Wilcox Joint Venture for Supercritical Boilers in 2010 for higher efficiency of power generation Acquires European boiler maker, Danstoker to reinforces its initiatives in renewable energy Acquires Rifox, German steam products company in 2012 for its steam engineering business Thermax Thermax Limited Limited –– Corporate Corporate Presentation Presentation 5 Thermax Group Thermax Limited Subsidiaries • Thermax Sustainable Energy Solutions Ltd. • Thermax Onsite Energy Solutions Ltd. • Thermax Engineering Construction Co. Ltd. • Thermax Instrumentation Ltd. • Thermax International Ltd. (Mauritius) • Thermax Europe Ltd. (U.K.) • Thermax Hong Kong Ltd (Hong Kong) • Thermax do Brasil-Energiae Equipamentos Ltd (Brazil) • Thermax Inc. (U.S.A.) • Thermax (Zhejiang) Cooling & Heating Engineering Co. Ltd. (China) • Thermax Denmark ApS • Thermax Netherlands B.V. • Danstoker A/S, Denmark Joint Ventures • Thermax Babcock & Wilcox Energy Solutions Pvt. Ltd. • Thermax SPX Energy Technologies Ltd. 7 Thermax Thermax Limited Limited –– Corporate Corporate Presentation Presentation Thermax Organisation Managing Director & CEO EVP ENVIRONMENT EVP B&H EVP C&H Heating Cooling Services Oil & Gas EVP POWER Enviro SPP Water MPP Solid Fuel Chemical Service Services EVP HR, IR Admin EVP TECHNOLO GY EVP FINANCE VP Legal VP Treasury LPP O&M Utility UOG HEAD TPMO EC Member Solar SBU Growth Unit Thermax Thermax Limited Limited –– Corporate Corporate Presentation Presentation HEAD CORP. COMMN 8 Our Global Network Thermax operations are backed by a network of subsidiaries and sales & service offices in 12 countries around the world: 99 Thermax Thermax Limited Limited –– Corporate Corporate Presentation Presentation Our Domestic and Distribution Network Delhi Ahmedabad Kolkata Vadodara Mumbai Pune Our network Headquarters Hyderabad Manufacturing facilities Engineering Sales & Service 108 Associates Bangalore Chennai 10 Thermax Thermax Limited Limited –– Corporate Corporate Presentation Presentation Financials - Thermax Limited -8% + 24% -28% 11 Thermax Thermax Limited Limited –– Corporate Corporate Presentation Presentation Energy - Environment Offerings 12 Thermax Thermax Limited Limited –– Corporate Corporate Presentation Presentation Our Core Business 13 Thermax Thermax Limited Limited –– Corporate Corporate Presentation Presentation Reliable support for Industry 14 Thermax Thermax Limited Limited –– Corporate Corporate Presentation Presentation Technology Partnerships over the Years More than 40 technology partnerships / licensing agreements over the years • Babcock & Wilcox • SPX Corporation • Georgia Pacific • Wehrle • General Electric • Amonix Inc. • Lambion Technologies 15 Thermax Thermax Limited Limited –– Corporate Corporate Presentation Presentation Thermax has partnered with • Bechtel • Black & Veatch • UHDE • Kellog Brown • KPG • Sumitomo • Jacobs H&G • Mitsubishi • Lurgi • Hitachi • Snamprogetti • Mitsui • JGC • Hyundai • MHI • Daelim • Technip • EIL • Toyo • TCS 16 Thermax Thermax Limited Limited –– Corporate Corporate Presentation Presentation Manufacturing Plants and Assembly Facilities Pune, India Paudh, India Sholapur, India Jiaxing, China Savli, India Jagadia, India Danstoker, Denmark Thermax Thermax Limited Limited –– Corporate Corporate Presentation Presentation Mundra, India TBWES Shirwal, India Omnical, Germany 17 Quality assured manufacturing Thermax manufactures according to stringent international standards and codes : •ISO 9001: 2000, ISO:14001 and OSHAS 18000 certified •Conforms to international codes - ASME, BS, DIN, API, GOST, CE •AQSEQ code for China; IBR code for India 18 Thermax Thermax Limited Limited –– Corporate Corporate Presentation Presentation A tradition of customer focused R&D A Research, Technology & Innovation Centre with Centers of Excellence to add value to customer in the areas of: • Combustion & Heat Transfer • Biotechnology • Material Science • Solar Thermal 19 Thermax Thermax Limited Limited –– Corporate Corporate Presentation Presentation Thermax in Energy Conservation, Renewable Energy and Waste Water Treatment (as of June 2014) • Green energy based power generation (in equivalent terms) at 8045 (7132) MW • Environment friendly vapour absorption chilling of 1.64 (1.52) million tons of refrigeration • The generation of solar energy is about 33(17) million Kcal/day which is equivalent to oil savings (LDO) of 1461(764) tonnes /per annum • Treatment of 2564 (2098) million litres per day of water & waste water of which 1171 (859) MLD is being recycled ( Amount in bracket corresponds to numbers as of March 31 st 2013) Thermax Thermax Limited Limited –– Corporate Corporate Presentation Presentation 20 Business tempered by social responsibility Thermax sets aside upto 3% of its profits to support community work In association with Pune and Pimpri Chinchwad Municipal Corporations, Thermax runs 6 schools for children from underprivileged backgrounds Thermax also supports schools run by NGOs Akanksha and Teach for India 21 Thermax Thermax Limited Limited –– Corporate Corporate Presentation Presentation Giving Back to Society - Educational Initiatives 2014 batch of K C Thackeray Vidya Niketan English Medium School started in 2007 22 Thermax Thermax Limited Limited –– Corporate Corporate Presentation Presentation Giving Back to Society – Other Initiatives Teacher Training Program CII Symbiosis Finishing School Unnati Skill Development Centre EAGLE Programme with COEP 23 Thermax Thermax Limited Limited –– Corporate Corporate Presentation Presentation Volunteering Teach for India Blood Donation Encouraging employees to apply for TFI fellowship Encouraging Employee Participation Standard Chartered Mumbai Marathon Mentoring Adolescent Children Payroll Giving through Give India, till date raised over Rs.71 Lakh Since 2007 raised Rs.39,88,093 for Akanksha 24 Thermax Thermax Limited Limited –– Corporate Corporate Presentation Presentation Recognition for Thermax Asia Innovator Award for Thermax MD and CEO, M.S. Unnikrishnan at the 2012 CNBC Asia Business Leaders Awards at Bangkok.. CII National HR Excellence Award for 2009 in recognition of Thermax's leadership in HR excellence. Business Standard 'Best CEO of the year', 2009 to Meher Pudumjee, Chairperson, Thermax. Business Standard ‘CEO of the Year’ (2007-08) award for Chairperson Listed among the top 100 of India’s most valuable 500 companies (Business Today ’07) National Award for the R&D team at ACREX, 2006 for the design of Trigenie, the chiller that works on exhaust gas and other sources of heat. 25 Thermax Thermax Limited Limited –– Corporate Corporate Presentation Presentation Our Belief “Profit is not only a set of figures, but of values.” Rohinton D. Aga 1935 - 1996 Founder Chairman, Thermax 26 Thermax Thermax Limited Limited –– Corporate Corporate Presentation Presentation Thank you Thermax Limited Thermax House 14, Mumbai Pune Road, Wakdewadi, Pune 411019 www.thermaxindia.com 27 Thermax Thermax Limited Limited –– Corporate Corporate Presentation Presentation