TD Power Systems Ltd — Investor Presentation 2021

Feb 4, 2021

TD Power Systems Limited (CIN -L31103KA1999PLCO25071)

REGISTERED OFFICE & FACTORY: 27, 28 and 29, KIADB Industrial Area Dabaspet, Nelamangala Taluk Bengaluru Rural District Bengaluru — 562 111 India

Tel +91 80229 95700 / 6633 7700 Fax +91 80 7734439 / 2299 5718 Mail tdps@tdps.co.in

www.tdps.co.in

February 4, 2021

The Corporate Service Department BSE Limited P J Towers, Dalal Street Mumbai - 400 001

The Listing Department The National Stock Exchange of India Ltd. Exchange Plaza, Bandra- Kurla Complex Bandra (East) Mumbai 400 051

Sirs,

Sub: Investor Presentation

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a results presentation to analyst/investor for period ended December 31, 2020 is enclosed.

Kindly take the above on record.

Yours faithfully, For TD Power Systems Limited

Fes Ad nal pi a

N. Srivatsa Company Secretary

Encl: A/a

poe te Es a December 2020

BUSINESS STRUCTURE tdps

Integrated operations

• ¢ Manufacturing generators
• * Implementing projects for captive power plants and smaller capacity IPPs

Manufacturer of AC Generators

(Up to 200 MW)

• © Diversified portfolio customized for a wide range of turbines (steam, gas, hydro and wind) and engines (diesel and gas)
• o Since inception, manufactured 4,732 generators, including generators exported to 73 countries, with aggregate output capacity of 34,191 MW
• o Three manufacturing facilities in Bangalore, backed by captive power/water supplies and a well-developed ancillary vendor network
• o Sales through OEM's, which are turbine and engine manufacturers; strong engineering consultant relationships allow deep involvement in project tendering

Projects business

(Turbine Generator Island projects of output capacity up to 52 MW)

• © Steam turbine power plant projects combining TDPS' generators with Japanese turbines
• o Completed 110 TG island projects & 14 BTG projects with aggregate output capacity of 3,243 MW
• © Projects executed in India, Uganda, Kenya, Zambia and the Philippines

STATE OF THE ART MANUFACTURING FACILITIES AND COST EFFICIENT PRODUCTION tdps

Manufacturing units with advanced machines help in delivering competitively priced products with

the highest quality standards

I R246) Organization for Net Standardization

Power House R&D Centre Quality lab and instruments

Unit Il — 219,756 sq ft

Final assembly and testing Material Handling & General Facilities Power House R&D Centre Quality lab and instruments

2 Pole Factory — 78,449 sq ft

Core building, Coil making, & Winding Impregnation and curing Final assembly and testing R&D Centre (Common with Unit 2)

FINANCIALS: FY 21 (9M)

FINANCIALS:FY 21(9M)
Particulars (Rs Millions)	Dec'20	Dec'19
Total Income including exceptional income	4,378	3,771
EBITDA including exceptional income	593	318
Margins (%)	14%	8%
Depreciation	160	171
Interest	48	42
PBT	385	106
Tax	86	(5.5)
PAT	298	111

PENDING ORDER

REVENUE ANALYSIS tdp a

* Prior to inter-segment and inter-company eliminations

BUSINESS SEGMENT : MANUFACTURING tdps

Business highlights

• One of the leading manufacturers of AC Generators in the range of 1 MW up to 200 MW for prime movers such as steam & gas, and upto 52 MW for hydro, wind turbines, diesel and gas engines.
• 4,732 generators supplied as of December 31, 2020 with an aggregate output capacity of over 34,191 MW in 73 Countries.
• Three manufacturing facilities in Bangalore equipped with the latest technology.
• Our generators are approved by leading engineering consultants.

AC Generators for various applications

Segmental revenues without inter-segment & inter-company elimination. Segmental Revenue & EBITD margins are on consol levels after adjusting income/expenses of wholly owned subsidiary.

Revenue Analysis FY 21 9M Consol Levels (Rs. 4,893 Mn)

. K ment Financials (Rs Mn Pending Order December ey Segme ancials (Rs ) 2020 (Rs. 10,453 Mn)

EBITDA — Earnings Before Interest, Taxes, Depreciation, Amortization 7

BUSINESS SEGMENT : PROJECT BUSINESS

Business highlights

• = TG Projects for steam turbine power plants with output capacity of up to 52 MW done under 7D Power Systems Lid
• = Executed 124 projects aggregating 3,243 MW in India and abroad (110 TG island projects and 14 BTG island projects)
• = Experienced teams with established track record and reputation for efficient project management
• = Power Projects order book as on December 31, 2020 stands at Rs. 216 Mn

TG Projects including Japan WOS - Key Segment Financials (Rs Mn)

Segmental revenues without inter-segment elimination, including Japan subsidiary

EBITDA — Earnings Before Interest, Taxes, Depreciation, Amortization

Established track record of executing power projects

FINANCIAL TRACK RECORD

Segmental revenues without inter-segment elimination EBITDA — Earnings Before interest, Taxes, Depreciation, Amortization including Other Income

FINANCIAL TRACK RECORD tdps

Segmental revenues without inter-segment elimination EBITDA — Earnings Before Interest, Taxes, Depreciation, Amortization including Other Income

P & L SNAPSHOT tdps

	Consolidated
comin)	ee aad	ae:	FY 19	FY 20	Dec 20
Sales	3,799	4,349	4,590	5,149	4,252
EBITDA	82	84	272	332	469
Depreciation(incl. Amortization)	279	271	260	222	160
EBIT	(196)	(187)	12	110	308
Other Income including Exceptional items	202	159	92	272	125
Interest and Finance Charges	41	67	28	55	48
PBT	(36)	(95)	75	328	385
Tax	8	49	43	28	86
Other Comprehensive Income	(2)	(2)	(3)	(11)	(3)
Restated PAT	(42)	(142)	29	289	295
Restated PAT	(42)	(142)	29	289	295
EBITDA margin (%)	2.17%	1.92%	5.9%	6.5%	11%
PAT margin (%)	(1.1%)	(3.3%)	0.6%	5.6%	6.9%

BALANCE SHEET SNAPSHOT tdps

BALANCE	SHEET SNAPSHOT				tdps
			Consolidated
			As on
Rs Mn	Mar-17	Mar-18	Mar-19	Mar-20	Dec-20
Source of Funds	5,271	5,274	4,845	rd	5,199
Net WorthMinority Interest	4,705	4,494	4,155	4,250	4,558
Borrowings	453	686	614	677	591
Deferred Tax Liability	112	94	76	65	50
Uses of Funds	5,271	5,274	4,845	re}	5,199
Gross Block	3,691	3,732	3,826	3,847	3,906
DepreciationLess:-Net Block	1,3822,309	1,6342,098	1,8651,961	2,0651,782	2,2091,697
CWIP	7	6	15	6	6
Investments			100	199	199
Technical KnowhowNet Working Capital incl. cash	252,931	353,135	172,752	192,985	433,254
Current Assets	5,112	4,946	5,388	5,568	5,999
Inventories	800	817	1,126	1,444	1,956
Sundry Debtors	1,605	1,851	2,287	1,728	1,731
Cash and Bank Balances	2,146	1,684	1,289	1,582	1,504
Loans & AdvancesCurrent Liabilities	5602,106	5941,742	6862,569	8132,506	8072,697

SHAREHOLDING STRUCTURE tdps

As on 31° Dec. 2020

Shareholding % TDPS Stock Price Movement

THANK YOU