TD Power Systems Ltd — Investor Presentation 2024

Feb 1, 2024

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TD Power Systems Limited

(CIN -L31103KA1999PLC025071)

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

Tel +91 80 229 95700 / 6633 7700 Fax +91 80 7734439 / 2299 5718 Mail tdps@tdps.co.in

www.tdps.co.in

Date: February 01, 2024

The Corporate Service The Listing Department Department The National Stock Exchange of India BSE Limited Ltd . P J Towers, Dalal Street Exchange Plaza, Bandra- Kurla Complex Mumbai – 400 001 Bandra (East) Mumbai 400 051

Sirs,

Sub: Investor Presentation for the period ended December 31, 2023

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, 2023 is enclosed.

Kindly take the above on record.

Yours faithfully, For TD Power Systems Limited

BHARAT Digitally signed by BHARAT RAJWANI RAJWANI Date: 2024.02.01 17:39:01 +05'30'

Bharat Rajwani

Company Secretary & Compliance Officer

Encl : A/a

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is sharing is relations is power

is generating solutions Manufacturers of AC Generators up to 250MVA

TD Power Systems Limited

Investor Presentation – February 2024

Safe Harbor

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This presentation and the accompanying slides (the “Presentation”), which have been prepared by TD Power Systems Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.

Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and worldwide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections.

All Maps used in the presentation are not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness

2

TD Power at a Glance

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State of art manufacturing facilities with automated process for quality, reliability & efficiency.

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Diversified product portfolio customized for a wide range of turbines (steam, gas, hydro and wind) and engines (diesel and gas). Specially designed and tailor-made to suit the needs of the customers

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Since inception, manufactured 6,183 generators, including generators exported to 103 countries, with aggregate output capacity of 44,538 MW

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Leading manufacturers of AC generator, delivering across a wide product spectrum - from 1 to 250MVA.

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Core Manufacturing company in power sector with substantial growth prospects and completely Debt Free

Sales through OEM’s, which are turbine and engine manufacturers; strong engineering consultant relationships allow deep involvement in project tendering

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Technology ownership , long standing relationships and in-house design expertise suited for customer centric approach

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We deliver Best in class Generators for the World

3

TD Power’s Evolution & Journey

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TDPS starts its Increases footprint in
Achieved Highest
Acquires technology Achieves Leadership Listing of TDPS on operations in the European and
Revenue since inception
from Toyo Denki Japan position in India BSE & NSE Europe & USA Turkish Market
1999 2002-09 2011 2016 2020 2022
2001 2009 2012 2017 2021
2023
Establishes Develops Vertical Hydro Signs License Local production of Revival in the Domestic Achieved Highest
Manufacturing Generators with VOITH, Agreement with Generators in Turkey market with increased Brand Revenue & PAT since
facility in Bangalore Germany Siemens to produce 2 Recognition Globally inception
Signs Long Term
pole Generators up to
Signs Long Term Supply Agreement with Delivered it’s 5000 [th]
250MVA
Agreement with INNIO for Alstom to supply generator
Gas Engine Generators Stators and Rotors for
Traction Motors
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4

Diversified Products for Multiple End User Industries

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Motors
3 3 3 3
Steam - upto 250MVA Gas - upto 250MVA Hydro - upto 45MVA Wind
Induction Motors
We deliver world class
3 3
Generators for the World
Diesel - upto 25MVA Gas - upto 25MVA Synchronous Motors
3 3 3 3 3 3
Traction Motors
Motor/Engine/
Locomotive Marine/Naval Oil & Gas Geothermal Solar Thermal
Transformer Testing
Turbines
Generators for
Engines
Generators for
Generators for
Special Applications
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*As per customer requirement

5

State of Art Manufacturing Facilities…

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Manufacturing units with Advanced Machines help in delivering Competitively Priced products with the Highest Quality Standards

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Unit I - 157,624 Sq Ft Unit II – 219,756 Sq Ft

Large Generator Factory – 78,449 Sq Ft

TDPS Turkey

• Core building, Coil making, Winding & Machining

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

• Core building, Coil making, Winding & Machining

• • Impregnation and curing Balancing • Final assembly and testing • Material Handling & General Facilities

• Power House

• • R&D Centre • Quality lab and instruments

• Core building, Coil making, & Winding

• • Impregnation and curing • Final assembly and testing • Material Handling & General Facilities

• Power House (Common with Unit 2)

• R&D Centre (Common with Unit 2)

• Quality lab (Common with Unit 2) and instruments

• Core building, Coil making, & Winding

• • Impregnation and curing

• Final assembly and testing

• • Material Handling & General Facilities

ISO 9001:2008 compliant manufacturing units in Bangalore

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…with Automated & Integrated Processes

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Manufacturing Facilities
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Tapping Machine

Robotic Core Stacking

Varnishing Line

Coil Stretching Unit Guarantees speed, precision and quality

Completely robotic with six axis and tapes also the overhang portion

Automatic Stator core stacking using Robots

State of the art Stator Stamping Varnishing Line

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Photo
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Hydraulic Process
Hydraulic press
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GVPI Plant (Stator)
Global Vaccum
Impregnation Plant
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Machining Center
Horizontal & Vertical
Machining Center - CNC
Lathe
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Cylindrical Rotor Coil
Cylindrical Coils under
looping
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High Speed Balancing
Rotor Balancing
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Rotor Pole Coil Automatic Induction Brazing Machine

Cylindrical Rotor Winding Coil insertion and winding

Rotor Assembly Pole Insertion

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Test Facilities

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CMM

Co-ordinate Measuring Machine with least count of 0.1 Microns and volumetric accuracy of 7 Microns. Largest Test Facility in Asia

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Electrical Testing Chamber

Quality Lab

High voltage and partial Electrical and Mechanical discharge tests to ensure tests for raw materials longevity

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Horizontal Test Bed

Vertical Test Bed

12 completely automated 22 completely automated Horizontal Test beds Vertical Test beds

7

Certification of Excellence

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ISO Certification Product Certification International Certification
ISO 9001: 2015 DNV CE/UKCA
Quality Management System Wind Generators European Market
ATEX GOST R/TRCU
Hazardous Application Generators Russian Market
ISO 14001: 2015
Environment Management System
Lloyd’s Register/Class NK CSA
Marine Generators Canadian Market
ISO 45001: 2018
Occupational Health and Safety
AAR M - 1003 UL
American Railway Generators American Market
ISO 3834 - 2 IRS TSE
Welding Indian Register of Shipping Turkish Market (Made in Turkey Generators)
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8

Quality Assurance

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Quality assurance policy aimed towards
Supplier performance improvement
Fastest Process in Industry On-Time delivery
Production of world class Reduction of wastage
generators
Quality Assurance
Procedures for ensuring quality management processes at various stages Quality &
Reliability of Products
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9

Summary of Installations

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6,183 Generators installed across 103 Countries
250 763
47 4,699
269 155
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*Since inception

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Number of Generators installed

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FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23
Total CAGR
Additions ~11%
298 341 319 352 392 411 350 326 459 531
237 5,811
190
126 294
156
Domestic 233 269
200 3,505
149
Exports (Incl. Deemed Exports) 194 (60%)
147
178
187
243
177
205
199
2,032 132
164
99
1,704 Generators installed between FY14 to FY23 2,306
3,779
(84%) (40%)
328
(16%)
Total
Cummulative FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23
till FY13
➢ For nine months ended December 2023, TD Power Systems installed 372 generators with 48% of these supplied in Domestic Market and the remaining 52% were Exported
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• ➢ Total number of generators installed since inception stand at 5,811 up until FY23. 40% of these have been installed in exports markets as compared to 16% on and before FY13. No. of generators supplied in domestic & exports market has grown at a CAGR of 8% & 22% respectively between FY13 & FY23

• ➢ 531 generators installed in FY23 as compared to 459 in FY22 , registering a Year-on-Year growth of 16%. Number of generators supplied in exports have grown by 9% & domestic have grown by 25% for FY23 on Y-o-Y basis

• ➢ The Company’s commitment to quality, the global acceptance of products & long- standing relationship with customers build over time has enabled the company to penetrate deeper into existing geographies and add newer territories

• ➢ The generators installed over the decade serve us with an excellent opportunity for our After Market segment

11

Service Centers Across the Globe for On-Time Assistance

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Centers across continents: Asia (11), Europe (15), South 52 Centers World-Wide America (6), Australia (8), Africa (4), North America (8) Local Service Representative to At site 24-48 Hours from the time overcome language barrier and to of issue reported provide quick assistance

12

Our CSR Initiatives

Integrated Water & Sanitation Management

• This project was supported for over 5 years starting from 2015 and was undertaken in Tyamagondlu Village, Nelamangala Taluk, Bangalore rural district.

• Resulted in a significant change on the ground with respect to revival of water body, storm water management, solid waste management (SWM), and maintenance of public spaces, training & capacity building in SWM and citizen awareness.

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15,000+ 8,000+ 1,524+ Hours of Parent Books for Children's Children’s Support & Training Supported

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In line with the CSR policy revised in 2021, TDPS supported initiatives focusing on Education and Education related Infrastructure and welfare projects. Two projects which is currently on going are as follows:

• School Readiness Program In Community Schools from FY 2021

• Educational Empowerment of Girl Children of Scavenging community

• School Infrastructure and Welfare Project

• Contributed to Sports Excellence Trust

• Backyard Forestry Project

• Holistic Healthcare Initiative & Donation of IT Supplies to the Government Hospital

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43+ 1,524+ 200+ School Connect Parental Connect Teachers

To know more about our initiatives, please click here

Board of Directors

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Nikhil Kumar Managing Director

Engineering & General Management Program from Harvard

Responsible for overall management of the Company’s operations, strategic planning, technology alliances and sales and marketing. With over 3 decades of work experience in the business of manufacturing electrical rotating machines, he spearheads universal best manufacturing practices in the Company. He was General Manger in Kirloskar Electric Company from 1990 to 2000 leading the operations of Bangalore factory

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Nitin Bagamane Independent Director Graduate in Economics

Over 25 years of work experience in business and industry and has been associated with many projects in real estate development for the past twenty years. He is leading large residential, commercial real estate projects in around Bangalore & manages a Special Economic Zone for IT activity in Bangalore.

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Mohib N. Khericha

Promoter and NonExecutive Chairman B. Com, FCA

He was in practice for over 25 years, in the area of Capital structuring, Restructuring, Financial Management and Loan syndication etc. before venturing into Merchant Banking activities in the year 1994. Currently, he is Managing Director of Chartered Capital And Investment Limited, a listed company which is into Merchant Banking Services. He has an experience of over 28 years in the field of Merchant Banking.

Ravi K. Mantha

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Independent Director

Chartered Financial Analyst & B.A in liberal arts from the University of Puget Sound in Washington State

An angel investor, wellness author and sustainability advocate. After an 18 years successful career in investment management in Boston and London, including ten years at the helm of the $33 billion Fidelity Global Select Fund, he switched careers and became an author and wellness expert.

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Mrs Prabhamani Non-Executive Director

Is the founder member of TDPS with >37 years of experience. Worked as a COO in the company till August 2022 and joined the core leadership team of TDPS as head of Engineering in 2001. She is extensively involved and has in-depth understanding of products, processes, customers and specific application requirements of each segment.

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Prathibha Sastry Independent Director

Over two and half decades of her career, she has been part of some of the very best start up organizations like Microsoft Accelerator and THub in India. Currently, she is a strategic advisor to Encubay , a diversity-focused accelerator, a fintech Start-up and Vruksh Ecosystem

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Rahul Matthan Additional Director (Independent Director)

Experience spanning over 2 decades, advised clients on matters like cryptocurrency, telecommunications regulation, internet and social media law, technology M&A & played a significant role in shaping Data Privacy & technology policy in India. Served on the RBI Committee for Household Finance as well as the Kris Gopalakrishnan Committee on Non-Personal Data and is currently DPI Advisor to the Ministry of Finance. Alumnus of the National Law School and one of the founder Partners of Trilegal.

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Alexander Olsson Additional Director (Independent Director) Mechanical Engineer with Master’s degree in manufacturing processes from the Royal Institute of Technology, Sweden

Experience of over 2 decades, has held executive and management leadership positions, including as Managing Director at BRUSH Group with responsibility for large operations, leading teams of over 1,500 and managing a complex product/service portfolio in the Oil & Gas industry. He is currently the Executive Vice President of Archer Ltd. Brings invaluable experience and insights in manufacture of generators for oil & gas & other applications.

14

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Experienced Management Team

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Nikhil Kumar - Managing Director

Leads operations, strategic planning, technology alliances, sales and marketing. With an in-depth understanding of products, processes, customers, specific application requirements of each segment from over 3 decades of work experience in the business of manufacturing electrical rotating machines, he drives investments in technology, alliances, people & processes enabling the company to deliver complete value chain in Generator manufacturing across the spectrum of verticals. He leads the team in absorbing technology from global partners to take manufacturing facility & practices to a world-class level enabling the Company to consistently deliver on core expectations of quality& delivery that has paved way to extend our product reach to over 98 countries. With a hands on & collaborative approach he navigates the team in weathering challenges thrown up by markets, customers, business & economic cycles

Ramakrishna Varna - COO

A founder member, with 30 years of experience. A Mechanical Engineer and an MBA, joined TDPS leadership team as a Senior Engineer in 2001. A key member of a small core team that set up our green field manufacturing plant &is credited with establishing Standard Operating Procedures (SOPs), vigorously training technicians and successfully manufacturing the first few Generators that laid the foundation. Has extensive exposure and knowledge of the complete value chain in Generator manufacturing, facility-creation, automation and an expert solution-provider on operational issues. Set up our larger & modern second manufacturing unit in 2011 & since 2017, has transformed our manufacturing facility by replacing conventional machinery with precision Robotics &need-based automation of selected processes.

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Varalakshmi MN - CFO.

Vinay Hegde – Head, Sales & Marketing

A founder member of TDPS, with 28 years of rich experience in Sales & Marketing. Joined the small core team of TDPS in 2001 as Engineer, Sales - An Electrical Engineer with 7 years of foundation experience with CG Newage. Has successfully acquired major OEMs in India and overseas one after the other, consistently delivering on core expectations of Quality, Delivery, customer retention & relationship for long term. Developed Marketing team capability to successfully widen the Customer base for sustained growth.

Part of founder-member team since inception of the company. Comes with a professional qualification in Cost & Works accounting (ICWA) & overall 28 years of rich experience in Finance function of Engineering-manufacturing company, 20 of which at TDPS. Seasoned by learnings from managing finances of the company and funding its growth story for over 20 years through its highs, lows, struggles and triumphs ,a grueling IPO exercise to fund the expansion, driving drastic cost-cutting measures across the organization & ERP expansion and improvements she leads the finance function.

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Vishwanath Hangari – Head, Engineering

Bharat Rajwani - Company Secretary

With a Master’s degree in Engineering & 33 years of experience, 8 of which in TDPS, heads the Engineering function. Has a rich, varied, hands-on and leadership experience in Design, Analytics, Quality & Manufacturing aspects of LV, HV Motors & Generators across entire range of ratings, speeds, constructions and applications due to foundational stint as Design, Quality & Testing engineer of Rotating Machines, followed by 5-years of managing R&D – supporting product launches from concept to prototype testing to implementation, 13 years at world renowned OEMS ’Design / Technology center in lead/consulting position

He is an Associate Member of the Institute of Company Secretaries of India and Law graduate from Karnataka State Law University, Bangalore. He also holds a Graduate degree in Commerce from OnkarmalSomani College, Jodhpur (Rajasthan). He has been working with the Company as deputy to the outgoing CS and experience in handling the Company Secretarial matters, SEBI Compliances and RBI related matters.

15

Financial Section

Q3 & 9M FY24 Key Operational & Financial Highlights

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Generators Supplied in Q3 & 9MFY24 (in Nos) Order inflow during Q3 & 9MFY24 (Rs. in Mn) Diversified Order Book as on 31 [st] December 2023 (Rs. in Mn)
+24% 172
117
378 372 7,617
3,713
Total Order 4,511
6,160
Book:
209 194 4,206 Rs. 11,477 Mn
21%
3,477
+16%
121 117 2,322 2,683 2,964
Railways
75 62 169 178 1,312 34% 1,754 3,411
2,683 27% Domestic
46 55 1,010 -8% 929 Exports (incl. Deemed Exports)
Turkey
Q3FY23 Q3FY24 9MFY23 9MFY24 Q3FY23 Q3FY24 9MFY23 9MFY24
Spares & Aftermarket (erst. Projects Business)
Exports (incl. Deemed Exports) Domestic Exports (incl. Deemed Exports) Domestic
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Q3 & 9MFY24 Highlights

• ❖ Total order book as on 31[st] December 2023 stands at Rs. 11,477 Mn

• ❖ Total Order inflow for Q3FY24 was Rs. 2,683 Mn as compared to Rs. 2,322 Mn in Q3FY23, a growth of 16% YoY. Exports (incl. deemed exports) market contributed to a 34% YoY growth in order inflow during Q3FY24

• ❖ In 9MFY24, order inflows from both Domestic & Export market recorded solid growth. Domestic order inflows grew by 27% YoY and Export (incl. deemed exports) order inflows grew by 21% YoY

17

Q3 & 9M FY24 Consolidated Financial Highlights

Total Income* (Rs. in Mn)

EBIDTA* (Rs. in Mn)

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+18% +37%
7,397 1,286
6,294
937
+20% +34%
2,452 423
2,035 316
Q3FY23 Q3FY24 9MFY23 9MFY24 Q3FY23 Q3FY24 9MFY23 9MFY24
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Gross Profit Margins (%)
+150 bps
+40 bps
33.2% 33.6% 32.7% 34.2%
Q3FY23 Q3FY24 9MFY23 9MFY24
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EBIDTA Margins (%)
+180 bps +250 bps
17.3% 17.4%
15.5%
14.9%
Q3FY23 Q3FY24 9MFY23 9MFY24
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PAT (Rs. in Mn)

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+45%
893
615
+49%
299
201
Q3FY23 Q3FY24 9MFY23 9MFY24
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PAT Margins (%)
+230 bps +230 bps
12.2% 12.1%
9.9% 9.8%
Q3FY23 Q3FY24 9MFY23 9MFY24
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*including other operational income

18

Q3 & 9M FY24 Consolidated Profit & Loss Account

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Particulars (Rs. in Mn)	Q3FY24	Q3FY23	Y-o-Y	Q2FY24	Q-o-Q	9MFY24	9MFY23	Y-o-Y
Revenue from Operations	2,426	2,053		2,737		7,366	6,224
Other Operational Income	26	-18		-2		30	69
Total Income	2,452	2,035	20.5%	2,736	-10.4%	7,397	6,294	17.5%
Cost of Goods Sold	1,628	1,360		1,834		4,869	4,234
Gross Profit	824	675	22.1%	902	-8.7%	2,527	2,060	22.7%
Gross Profit Margin (%)	33.6%	33.2%	40 bps	33.0%	60 bps	34.2%	32.7%	150 bps
Employee Cost	246	208		269		763	669
Other Expenses	154	151		163		478	454
EBITDA	423	316	34.0%	470	-10.0%	1,286	937	37.2%
EBITDA Margin (%)	17.3%	15.5%	180 bps	17.2%	10 bps	17.4%	14.9%	250 bps
Depreciation	53	50		53		157	155
EBIT	370	266	39.0%	418	-11.4%	1,129	783	44.2%
Finance Cost	0	0		1		1	11
Other Income - Interest	27	21		29		86	64
Profit before Tax	397	288	38.1%	446	-11.0%	1,214	836	45.3%
Tax	98	87		118		321	221
Profit After Tax (PAT)	299	201	49.0%	328	-8.8%	893	615	45.3%
PAT Margin (%)	12.2%	9.9%	230 bps	12.0%	20 bps	12.1%	9.8%	230 bps
Other Comprehensive Income	1	13		-5		-10	-16
Total Comprehensive Income	300	214	40.3%	323	-7.2%	883	599	47.5%

19

Consolidated Balance Sheet

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Assets (in Rs. Millions)	Dec-23	Mar-23		Equity & Liabilities (in Rs. Millions)	Dec-23	Mar-23
Non - Current Assets	2,194.1	2,051.7		Total Equity	6,776.3	6,045.2
Property Plant & Equipment's	1,588.5	1,551.0
				Share Capital	312.3	312.1
Capital Work-in-Progress	10.5	2.4
				Reserves & Surplus	6,464.0	5,733.1
Intangible assets	103.1	82.0
				Non-Current Liabilities	110.5	90.4
Intangible assets under development	0.0	0.0
				Financial Liabilities
Financial Assets
				Provisions	65.1	59.4
Investments	99.9	199.4
				Deferred Tax Liabilities	45.4	31.0
Other Financial Assets	23.5	16.4
Other Non - Current Assets (Net)	368.7	200.6		Current Liabilities	3,125.6	2,896.5
Current Assets	7,818.3	6,980.4		Financial Liabilities
Inventories	2,461.6	1,985.6
				(i)Borrowings	0.0	0.0
Financial Assets
				(ii)Trade Payables	1,427.0	1,312.8
(i)Trade receivables	2,653.6	2,690.8
				(iii)Other Financial Liabilities	901.7	851.4
(ii)Cash and cash equivalents	840.6	420.9
				Other Current Liabilities	657.3	588.9
(iii)Bank balances	1,181.7	1,271.8
				Current tax liabilities (net)	90.2	98.1
Other Financial Assets	217.4	184.3
				Provisions	49.4	45.3
Other Current Assets	463.4	427.2
Total Assets	10,012.4	9,032.1		Total Equity & Liabilities	10,012.4	9,032.1

20

Historical Financial Highlights

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Total Income* (Rs. in Mn)

EBIDTA* (Rs. in Mn)

PAT (Rs. in Mn)

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+18% 8,833.1 1,412.3 968.1
8,059.6 1,285.9 893.2
7,396.5 +49%
1,004.2 +135% 706.5
5,948.1
5,204.8
4,601.3
671.7 452.0
299.4
387.9
282.7
32.0
FY19 FY20 FY21 FY22 FY23 9MFY24 FY19 FY20 FY21 FY22 FY23 9MFY24 FY19 FY20 FY21 FY22 FY23 9MFY24
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EBIDTA Margins (%) PAT Margins (%)
+1,130 bps +1,140 bps
17.4% 12.1%
16.0% 11.0%
12.5% 8.8%
11.3% 7.6%
5.8%
7.5%
6.1%
0.7%
FY19 FY20 FY21 FY22 FY23 9MFY24 FY19 FY20 FY21 FY22 FY23 9MFY24
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*including other operational income

21

Historical Consolidated Profit & Loss Account

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Particulars (Rs. in Mn)	FY23	FY22	FY21	FY20	FY19	CAGR
Revenue from Operations	8,723.0	7,974.2	5,935.8	5,148.9	4,590.2
Other Operational Income	110.1	85.4	12.2	55.8	11.1
Total Income	8,833.1	8,059.6	5,948.1	5,204.8	4,601.3	17.7%
Cost of Goods Sold	5,903.7	5,698.8	3,958.9	3,593.7	3,195.9
Gross Profit	2,929.4	2,360.8	1,989.2	1,611.0	1,405.4	20.2%
Gross Profit Margin (%)	33.2%	29.3%	33.4%	31.0%	30.5%	262 bps
Employee Cost	905.6	805.7	794.0	725.5	660.8
Other Expenses	611.5	550.9	523.4	497.7	461.9
EBITDA	1,412.3	1,004.2	671.7	387.9	282.7	49.5%
EBITDA Margin (%)	16.0%	12.5%	11.3%	7.5%	6.1%	984 bps
Depreciation	207.0	220.4	215.0	222.3	259.9
EBIT	1,205.2	783.8	456.7	165.6	22.8
Finance Cost	10.6	20.6	44.7	54.5	28.4
Exceptional Item Gain / (Loss)	13.4	75.8	71.8	140.5	0.0
Other Income - Interest	87.4	81.8	81.0	76.0	80.5
Profit before Tax	1,295.5	920.8	564.8	327.7	74.9
Tax	327.3	214.3	112.8	28.3	42.9
Profit After Tax (PAT)	968.1	706.5	452.0	299.4	32.0	134.5%
PAT Margin (%)	11.0%	8.8%	7.6%	5.8%	0.7%	1,027 bps
Other Comprehensive Income	-22.7	-92.2	-15.4	-10.9	-3.0
Total Comprehensive Income	945.4	614.3	436.7	288.5	29.0	138.9%

22

Key Takeaways

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Automated & Integrated State of
the art manufacturing facilities for Investment in Automation to Revival in the Domestic market
better Efficiency & operating augment existing capacities and with increased Brand Recognition
leverage play improve efficiency globally for TDPS products years in existing plants
Investment in
Continuous
Operating Capacity Revival in the Replacement
Leverage Play augmentation Domestic market Demand
Pass Through Global Service Approved
Network
Contracts Suppliers
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Continuous replacement demand for Generators installed over the years in existing plants

One of the very few players to have Global Service Network for timely on-site assistance

TDPS is an approved supplier for all major OEM’s & EPC Contractors across the globe

Re-oriented the current order book to ensure high pass through of RM price variations to customers

23

Our Prestigious Projects

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ANNEXURES:

24

GAS ENGINE GENERATORS

• ❖ TDPS has supplied more than 500 Gas Engine Generators to a Major Engine Manufacturer for their J612 (2.5MVA), J616 (2.5MVA), J620 (4.5MVA), J624 (6.36MVA) and J920 (15MVA) series

• ❖ Gas engine generators need stringent design requirements which has to accommodate high vibrations arising from the engines

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25

Geothermal

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• ❖ The picture on the left from a Geo Thermal Power Plant of capacity 29.7MVA installed in Turkey

• ❖ Geo Thermal Generators are specially designed for outdoor installation and to withstand H2S content at site

• ❖ TDPS has supplied several Geo Thermal Generators to a major Geo-Thermal OEM in the world

26

Diesel Engine Generators

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❖ TDPS has supplied Nine Generators of 8.586MVA in UAE

❖ The generators are coupled with Engines manufactured by a Major Engine manufacturer

❖ These generators are installed in a barge and are used for desalination purposes in order to provide drinking water

27

Steam & Gas Turbine Generators

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BIOCEL PASKOV

MAXAU

• ❖ 22MVA Generator, installed in Czech Republic

• ❖ This 67.5MVA Generator, installed in Maxau, Germany, is the largest 4 pole Generator manufactured by TDPS.

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Mobile Powe Units

• ❖ 5.25MVA Generator coupled to Turbine manufactured by a major turbine manufacturer installed in Mobile Power Units.

28

Contact Us

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TD Power Systems Limited

CIN: L31103KA1999PLC025071 Ms. M N Varalakshmi – Chief Financial Officer Varalakshmi@tdps.co.in

www.tdps.co.in

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Strategic Growth Advisors Private Limited

CIN: U74140MH2010PTC204285 Mr. Sagar Shroff/Ms. Prachi Chhugani sagar.shroff@sgapl.net / prachi.c@sgapl.net +91 98205 19303 / +91 89492 92029

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www.sgapl.net