September 2009 - BGR Energy Systems Ltdbgrcorp.com/_pdf.php?f=POWER...

September 2009

2

BGR Energy – A Snapshot

Promoted by Mr. B.G. Raghupathy (BGR) as a joint venture with GEA Energietechnik GmbH, Germany in 1985

Business in two segments for Power, Oil & Gas sector

Turnkey project engineering and contracting; and

Supply of systems and equipment for Power, Oil & Gas industries

Accreditations

ISO:9001 Certification for three Manufacturing Units

ASME ‘U’ Stamp for two Manufacturing Units

ASME ‘S’ certification for one Manufacturing Unit

Approved by Indian Boiler Regulations (IBR)

Joint Venture and strategic alliances with multinational companies to cater to Power, Oil and Gas sectors

Recipient of 14 prestigious awards for export performance

Global operations – executed more than 150 contracts in 45 countries

Orders on hand – INR 92295 Million as on 30th June 2009

3

Proven track record in Design, Engineering and Turnkey Project Management capabilities across business divisions

Power Projects Division

Oil & Gas Equipment Division

Air Fin Cooler Division

Electrical Projects Division

Environmental Engineering Division

Captive Power Division

Group Companies

GEA BGR Energy System India Limited

Progen Systems & Technologies Limited

Joint Venture Company

GEA Cooling Tower Technologies (India) Pvt Ltd

Business Divisions

4

Revenue break up for

Year ended 31-March-09Order backlog as of

30th June 2009

Total Revenue – INR 19221 Million

Total Order Backlog – INR 92295 Million

86%

3%6%

2%1% 2%

Power Projects

Oil & Gas Equipment

Air Fin Cooler

Electrical Projects

Environmental Engineering

Captive Power

87455

4155685

In INR Million

Turnkey Engineering Project Contracting -Power

Turnkey Engineering Project Contracting -Oil & Gas

Supply of Systems and Equipments

Key Milestones

5

Incorporated as a JV with GEA Energietechnik GmbH, Germany

GEA Energietechnik divested its stake to promoters

Secured first EPC contract for 120 MW power plant in Tamil Nadu

Technical collaboration agreement with GEA Btt, France

Collaboration agreement with Crane Environment Inc, USA

1987

1993

1994

2001

2003

2006

1998

2000

First BOP order for a 95 MW CCPP

2007

Received power trading license

Received first 500 MW BOP contract from APGENCO for Vijayawada TPP

Won a contract for large gas processing complex from SCOP, Iraq

2008

Received 2x600 MW EPC contract from RRVUNL for Kalisindh TPP

Received 1x600 MW EPC contract from TNEB for Mettur TPP


established

Company Listed

2009Technical collaboration agreement with TME, Italy for CPP

Favorable Indian Industry Dynamics

(Billion Units)

Source: CEA & Min of Power

53%

10%

1%25%3

Coal Gas Oil Hydro Nuclear Renewable

Total – 152,148 MW

Total installed capacity – August 2009

6

519 548 579 624 666 689559 591 632 691 739 774

7.1% 7.3% 8.4% 9.6%

9.9% 11.0%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

0

250

500

750

1000

2003-04 2004-05 2005-06 2006-07 2007-08 2008-09

Power Supply Power Demand % Deficit

53%

1%

11%

24%

3%8%

Source: CEA & Min of Power – Jan 2009

132329

78700

86500

0

20000

40000

60000

80000

100000

120000

140000

160000

180000

Upto 10th Plan(past 50 Yrs actual)

11th & 12th Plan(future 10 Yrs plan)

In M

W

165200

12th Plan

11th Plan

Future 10 years planned capacity exceeds Past 50 years actual installed capacity

Potential in Indian Power Sector – Energizing India

PLAN Targets for Generation Capacity Addition

7

PLAN Targets for Generation Capacity Addition

Source: CEA & Min of Power – Jan 2009

34653

86014

39007760

45627

104193

15380

0

10000

20000

30000

40000

50000

60000

70000

80000

90000

100000

110000

120000

Hydro Thermal Nuclear R.E.S

Upto 10th Plan(past 50 Yrs actuals)

11th Plan(2007-12)

12th Plan(2012-17)

30000

44500

59693

In M

W

1562712000

8


9

Turnkey Engineering, Procurement & Construction (EPC) Contracting –3 x 600 MW

Balance of Plant (BOP) Contracting –7 x 500 MW

In-house design and engineering capabilities, gives edge in Cost , design and Project Schedule

40 – 50% of „Balance of Plant‟ systems manufactured in-house

Secured perhaps the India‟s largest ever EPC contract for 2 x 600 MW power Project

Early adopter of BOP concept in India

Income of Rs.16440 Million in FY 08-09

Order backlog of Rs.87346 Million as of 30th June 2009

Total Income from Power Projects Division

1141

3926

9251

16440

FY05 FY07 (18 Months)

FY08 FY09

INR

Mil

lio

n

330 MW CCPP RRVUNL, Dholpur, Rajasthan

120 MW CCPP Aban Power, Karuppur, Tamil Nadu

95 MW CCPP Valuthur(Phase I), Tamil Nadu

10Vijayawada Thermal Power Station (Synchronized on 4th Apr „09)

POWER PROJECTS DIVISION - PROJECTS COMPLETED

PROJECT CAPACITY

(MW)FUEL

ORDER VALUE ( Rs. in Million)

SCOPE

Grasim Industries - CPP, Chittorgarh, Rajasthan 23 Coal 444

Turnkey Engineering, Procurement & Construction of Balance of Plant

including Civil Works

TNEB - CCPP, Valathur (Phase I), Tamil Nadu 95 Gas 594

RRVUNL - CCPP, Dholpur, Rajasthan 330 Gas 2095

APGENCO - VTPS, Andhra Pradesh 500 Coal 5788

Aban Power - CCPP, Karuppur, Tamil Nadu 120 Gas 2697Engineering Procurement and

Construction

11

POWER PROJECTS DIVISION – EPC PROJECTS UNDER EXECUTION

PROJECT CAPACITY

(MW)FUEL


Contractual Completion Schedule

RRVUNL - Kalisindh TPS, Rajasthan 2 x 600 Coal 49000 42 Months

TNEB - Mettur TPS, Tamil Nadu 1 x 600 Coal 31000 39 Months

Kalisindh Thermal Power StationBasic layout – Perspective view

Mettur Thermal Power Station Basic layout – Perspective view

12

POWER PROJECTS DIVISION – BoP PROJECTS UNDER EXECUTION

PROJECT CAPACITY

(MW)FUEL


CSPGCL- Marwa TPS, Chhattisgarh 2 x 500 Coal 16330

MAHAGENCO - Chandrapur STPS, Maharashtra 2 x 500 Coal 16320

APGENCO - Kothagudem TPS, Andhra Pradesh 500 Coal 7930

MAHAGENCO - Khaperkheda TPS, Maharashtra 500 Coal 9980

APGENCO - Kakatiya TPS, Andhra Pradesh 500 Coal 6949

Khaperkheda Thermal Power Station (Under Construction)

Kothagudem Thermal Power Station (Under Construction)

Kakatiya Thermal Power Plant(Under Construction)


13

Products and turnkey services for the Oil & Gas industry

Process Equipment Package and Systems

- 2/3 Phase Separator System / Skids

- Indirect Water Bath Heater

- Gas Conditioning, Regulating & Metering Systems

- Knockout Drums / Scrubbers

- Filter Separators / Dry Gas Filters

Pipeline Equipment - Pig Launchers/Receivers

Compressor Packaging

Storage Tanks


Order backlog of Rs.4155 Million as on 30th June 2009

Indirect Water Bath Heaters

Compressor Packaging

Received four export orders from the State Company for Oil Projects (SCOP) in Iraq for USD 116.87 Million

14


S/N Customer Scope Value

(USD in Million)

1Akas & Al-Mansuria Gas

Processing Projects, SCOP, Iraq Engineering, Procurement & Supply of Gas

Gathering Station 80.5

2 New Najaf Oil Depot, SCOP, Iraq Engineering, Procurement & Supply of Oil

Storage Tanks 18.5

3New Aumara Oil Products Depot,

SCOP, Iraq

Design, Engineering, Manufacture and Supply

of Oil Products Storage Tanks 9.3

4 Karbala Oil Products Depot, SCOP, Iraq Engineering, Procurement & Supply of Oil

Storage Tanks 8.57

Assumption: 1 USD = 48 INR

Air Fin Cooler Division

15

Turnkey supply of Air Cooled Heat Exchangers for Oil & Gas processes and Power sector industries

Capable of producing all three variations of finned tubes – embedded, extruded and welded finned tubes

Certified by ASME with “U”, “U2” & “R” stamp

Key markets - India, Middle East, Southeast Asia and North Africa

List of clients include Larsen & Toubro Limited, Cameron Systems, Petrofac, Petrojet, Technip KT India Limited, KazStoryService Infrastructure India Pvt Ltd.



Air Cooled Heat Exchanger

Air Cooled Heat Exchanger, 120MW CPP Karuppur, Tamil Nadu


16

Undertakes Turnkey contracting for supply of Electrical Systems and Equipment for Power stations and process industries

Offering Turnkey solutions for:

EHV Substations

EHV Transmission Lines

Plant Electricals

Gas Insulated Switchgear Substations

Optical Fiber Communication Network

– OPGW, ADSS & OLTE

Rural Electrification

Electrical Balance of Plant for Thermal/ Hydro & Nuclear Power Projects

Power Trading – Category „F‟ Licensee

Exclusive partnership with JZT provides turnkey solutions for OPGW communication networks

Offers GIS Substations in association with leading manufacturers on case to case basis


Order Backlog as on 30th June 2009 is Rs.109 Million

17

66/11 KV KPTCL Substation, Ganji Kunte


230/11 KV Gas Insulated Substations,Hyundai, Chennai


18

Product range includes:

Deaerators

Effluent Treatment & Recycling Plants leading to zero discharge

Water Treatment Plants (Pre-Treatment & DM Plant)

RO based Desalination Plants

CPP – Condensate Polishing Plants

Exclusive Technical Collaboration with TERMOMECCANICA, Italy for Condensate Polishing Plants

Supplied on turnkey basis the largest ever Deaerator in India for NPC (Tarapur) with capacity of 3,013 TPH

Under execution - Deaerators for SIPAT Supercritical 3 x 660 MW Power Plant, NTPC

Under execution - Six large-size Deaerators for Marfiq in Saudi Arabia, Hyundai Heavy Industries, Korea



CPP – Condensate Polishing Plant

Effluent Recycling Plant – Tiruppur


19

Four large-size Membrane-based Effluent Recycling Plants at Tiruppur –On commissioning would be the largest in capacity in India for treating textile dye effluents

Sold over 100 Deaerators in India, Asia, Middle East and Africa, ranging in capacity from 10 TPH to 3,103 TPH

Deaerator – NPC, Tarapur

Captive Power Division

20

EPC Contracting for industrial captive power plants and public utility projects in India up to 150 MW

Captive Power Plants for industries like Steel, Cement, Textiles, Paper, Pharmacy, Refinery, Chemical, Petrochemical, Metallurgical etc

Coal Based Power Plants and Gas based Combined Cycle Power Plants

Commissioned 92.2 MW Valathur (Phase II) CCPP Engineering Procurement & Construction Contract for Tamil Nadu Electricity Board

Commissioned 25 MW TPP Engineering Procurement & Construction Contract in Mettur for Madras Aluminum Company Ltd.

92.2 MW Combined Cycle Power Plant Valathur, Tamil Nadu

Key Differentiators

Proven track record in equipment and Turnkey contracting

Dedicated to Power and Oil & Gas sector

Undertakes turnkey EPC projects for large Utility Power Plants upto 600 MW

Diverse Design & Engineering capabilities

Ability to Design & Manufacture customised products

In-house Design & Engineering gives control over costs, design, time and competitive edge

Diverse range of products and services

Significant synergies through complementary operations

Ability to service both large and small scale projects

Project management system and policy enable execution of large, multifaceted, complex projects

Manufacturing capability is an added advantage in EPC projects

Cost Competitiveness

Control costs by optimising product features and design

Global sourcing

Technology tie-ups

Successfully tied up with several international companies to obtain technology and know-how21

22

1. Design & Engineering of Civil, Electrical and Mechanical

Systems10. Effluent Treatment Plant

2. Civil Works including 11. Demineralization Plant

a. Chimney 12. Ash Handling System

b. Natural and Induced Draft Cooling Tower 13. Coal Handling System

3. Substation and Switchyard 14. Gas Conditioning & Metering Skid

4. Plant Piping System 15. Fabrication of Columns & Structures

5. Air Fin Cooler 16. Welded Finned Tubes

6. Air Cooled Condenser 17. Heat Recovery Steam Generator

7. Deaerator 18. On-line Condenser Tube Cleaning System

8. Desalination Plant including RO System 19. Debris Filter

9. Condensate Polishing Plant 20. Rubber Cleaning Balls for Condenser

BOP Package – In House Systems

Growth Strategy

23

Focus on large BOP contracts and EPC contracts

Effective Project Management skills and In-house Design & Engineering capabilities to access the growing demand for power projects

Provides a competitive edge over Cost, Design and Schedule

Expansion of business & operations

Expansion of Products & Customer

Identify new competitive markets that provide cost and operational advantages to clients

Acquire Technology for equipment for Power, Oil & Gas projects

Synergistic acquisitions and joint ventures to expand Business

Build technological capabilities to execute large, technically complex projects and services in Oil & Gas Industries

Strategic alliances or consortia or joint venture relationships for specific projects with established International companies

Board of Directors

24

S/N Name & OccupationIndustry

Experience (Years)Designation

1Mr. B.G. RaghupathyIndustrialist

35 Chairman & Managing Director

2Mr. T. Sankaralingam Company Executive

34 Managing Director

2Mr. S. RathinamCompany Executive

30 Director (Finance)

3Mr. V.R. MahadevanCompany Executive

26Director (Technologies, HR & Infrastructure)

4Mr. Heinrich BöhmerBusiness

48 Independent Director

5Mr. M. Gopalakrishna, Retd. IASDirector-In-charge, Andhra Pradesh Gas Power Corporation Limited


6Mr. S.A. BohraEx. Sr. Exec. Director (Technical)Nuclear Power Corporation


7Mr. S.R. TagatChartered Accountant


8Mrs. Sasikala RaghupathyBusiness

24 Director

Leadership & Professional Management The company is managed by a highly motivated team of professionals

The Management of the company has rich and deep experience in the industry

– Average industry experience of the management is more than 25 years

25

Name PositionIndustry Experience

(Years)Experience with

BGR Energy

Mr. B.G. Raghupathy Chairman & Managing Director 35 24

Mr. T. Sankaralingam Managing Director 34

Mr. S. Rathinam Director (Finance) 30 17

Mr. V.R. Mahadevan Director (Technologies, HR & Infrastructure) 26 21

Mr. A. Swaminathan President & CEO, Power Projects 30 12

Major H.L. Khajuria President & CEO, Environmental Engineering 38 11

Mr. R. Ramesh Kumar President, Corporate & Secretary 21 16

Mr. G. Suresh President & CEO, Captive Power 23 20

Mr. V. Balakrishnan President & CEO, Electrical Projects 26 5

Mr. S. Ilanchezhiyan President & CEO, Air Fin Cooler 23 2

Mr. N. Murali President & CEO, Oil & Gas Equipment 28 2

Mr. G.D. Sharma President , Human Resource 29 1

Mr. P.R. Easwar Kumar Chief Financial Officer 16 15

Human Resources

26

Particulars No. of Employees

Total Employees 1604

Engineers 1348

Design & Engineering 848

Project Management & Quality Control 373

Planning, Procurement and Production 85

Marketing 42

Professional Staff 202

Finance and Accounts 96

Human resource, Legal, Secretarial and Systems 106

Others 54

As on 31st Aug ‟09

3 Years Financials – A Snapshot

27

INR Million

Audited period ended31.03.2007(18 months)

%Audited

Year ended 31.3.2008

(12 months)

%Audited

Year ended 31.3.2009

(12 months)

%

TURNOVER 7751 100 15048 100 19221 100

EBIDTA 857 11.06 1510 10.03 2080 10.82

PBT 605 7.81 1252 8.32 1747 9.09

PAT 392 5.06 844 5.61 1150 5.98

Robust Financials

28

Total Revenues EBITDA and EBITDA margin

PAT and PAT margin Earnings per share

Note: * FY07 is 18 months period ending March ’07;

7751

1504819221

FY 07* FY 08 FY 09

INR

Mil

lio

n

857 1510

2081

11.1%

10.0%

10.8%

FY 07* FY 08 FY 09

INR

Mil

lio

n

EBITDA EBITDA Margin

392844

11515.1%

5.6%

6.0%

FY 07* FY 08 FY 09

INR

Mil

lio

n

PAT PAT Margin

4.03

12.64

15.98

FY 07* FY 08 FY 09

INR

29

Total Revenues

EBIDTA

23

24

31

11

38

28 57

86

30

68

42

46

47

24 7

18

3

31

11

Q1 Q2 Q3 Q4

INR

Mil

lio

n

FY 07-08 FY 08-09 FY 09-10

27

1

33

0

39

5 53

0

31

2 44

4

53

6

83

6

42

2

Q1 Q2 Q3 Q4

INR

Mil

lio

n

FY 07-08 FY 08-09 FY 09-10

Quarterly Financials

30

PAT

Earnings Per Share

Quarterly Financials

14

7

16

0

21

8 31

9

17

2 23

7

27

2

47

0

20

2

Q1 Q2 Q3 Q4

INR

Mil

lio

n

FY 07-08 FY 08-09 FY 09-10

2.2

7

2.4

7

3.3

2

4.4

3

2.3

9

3.2

9

3.7

8

6.5

2

2.8

1

Q1 Q2 Q3 Q4

INR

Mil

lio

n

FY 07-08 FY 08-09 FY 09-10

September 2009 - BGR Energy Systems Ltdbgrcorp.com/_pdf.php?f=POWER...

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