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An Energy & Environment Engineering Company An Energy & Environment Engineering Company



Thermax Limited 2

Forward Looking StatementsForward Looking Statements

• Certain statements contained in this presentation that are not historical facts,

including any statements as to future market conditions, results of operations andfinancial projections, are forward-looking statements and are thus prospective.

These forward-looking statements are subject to risks, uncertainties and other factorswhich could cause actual results to differ materially from future results expressed orimplied by such forward-looking statements.

• Particular risks facing the company include economic, business and other risksstemming from our national-international operations, legal and regulatory risks, costof raw materials, pricing pressures and changes in the economy.

• Although we believe that the expectations reflected Thermax’s forward-looking

statements are reasonable, it can give no assurance that such expectations will proveto be correct. In addition, estimates of future operating results are based on thecompany’s current complement of businesses, which is subject to change.

• Statements in this presentation are only as of the time made and we do not intend toupdate any statements made in this presentation except as required by regulatoryauthorities.



Our VisionOur Vision

To be a globally respected, highTo be a globally respected, high

performanceperformance organisation,organisation, offeringoffering

sustainable solutions in energy &sustainable solutions in energy &environmentenvironment



Our MissionOur Mission

ENERGY

ENVIRONMENT

CONSERVE

PRESERVE

SO

L

U

T

I

O

N

S



Thermax improving life at workThermax improving life at work

in many waysin many ways

From heating to cooling,from power generationto air pollution and

From water treatment& sewage treatment

to specialty chemicals



Major in Energy & EnvironmentMajor in Energy & Environment

PROJECTSPROJECTS PRODUCTSPRODUCTS

• Large Boilers• Power Plants

• Renewable Plants

• Small Boilers (< 30 T)• Chillers

• Renewable Plants

• Air Pollution Control• Water & Waste Water Treatment• Chemical

ENERGYENERGY ENVIRONMENTENVIRONMENT



Spread across 50 acres with manufacturing set-up of 65000 sq meterscapable of producing boilers and chillers

Spread across 100 acres capable to address the need of large size fielderected boilers & heaters

Spread across 10 acres. Port based assembly facility developed forshipment of large –size plants

Spread across 47 acres with manufacturing area of 110000 sq meters.

This plant has capacity to manufacture 20000 cu.m/yr of resin

Pune

Paudh

Savli

Mundra

Spread across 6.5 acres. Green-field project completed with aninvestment of USD 11 Million

China

Manufacturing FacilityManufacturing Facility



Thermax Limited 8

Quarter-I FY 10

Financial Highlights



Thermax Limited 9

1,002.6

913.9

1,056.7964.9

500.00

700.00

900.00

1,100.00

R s

i n

c r o r e s

Thermax Ltd Thermax Group

1002.6

Actual Last Year

Order BookingOrder Booking

913.9

1056.7

964.9

Rs. Cr



Thermax Limited 10

Order BookingOrder Booking – – DomesticDomestic vsvs ExportsExports

297.8,

30%704.8,

70%

757.2,

83%

156.7,

17%

Thermax Limited

Jun’ 09 Jun’ 08

Domestic

Outside India

Thermax Group

320.3,

30% 736.4,

70%

789.2,

82%

175.8,

18%

Jun’ 09Jun’ 08



Thermax Limited 11

1,000.00

1,500.00

2,000.00

2,500.00

3,000.00

3,500.00

R s

i n

c r o r e s


3,230.4

Actual Last Year

Order BalanceOrder Balance

2649.4

3,425.7

2835.2

Rs. Cr



Thermax Limited 12

Order BalanceOrder Balance – – DomesticDomestic vsvs ExportsExports

621.6,

19%

2609,81%

1967,

74%

682.7,

26%

Thermax Limited

Jun’ 09 Jun’ 08

Domestic

Exports

652.5,

19%

2773,81%

2125,

75%

710.6,

25%

Thermax Group

Jun’ 09Jun’ 08



Thermax Limited 13

200.0

400.0

600.0

800.0

1000.0

R s

i n

c r o r e s


522.8

Actual Last Year

RevenueRevenue

708.7

553.8

763.3

Rs. Cr



Thermax Limited 14

RevenueRevenue – – DomesticDomestic vsvs ExportsExports

138.8,

27%

384,

73%

569.2,

80%

139.5,

20%

Thermax Limited

Jun’ 09 Jun’ 08

Domestic

Exports

150.2,

27%

403.6,

73%

612.5,

80%

150.8,

20%

Thermax Group

Jun’ 09 Jun’ 08



Thermax Limited 15

0

10

20

3040

50

60

7080

90

100

R s

i n

c r o r e s


69.19

Actual Last Year

PBTPBT

94.04

Rs. Cr

70.6

89.4



Thermax Limited 16

Key Highlights



Thermax Limited 17

• Net worth crosses Rs. 1000 Cr mark

• Cash position improves to Rs. 552 Crfrom Rs. 448 Cr

• Capex of Rs. 28 Cr in comparison to Rs.25.4 Cr

• For the fourth year running, Thermaxfeatured in Forbes “Asia’s 200 Best Undera Billion” companies



Thermax Limited 18

1st Overseas EPC project executedin Philippines

First ESP commissioned based ontechnology of Balcke-Dürr



Thermax Limited 19

Spent wash fired boiler for Distillery

Solar Concentrators for heating &cooling



Thermax Limited 20

First 3150 TR chiller & 3300 TR test facilityFirst 3150 TR chiller & 3300 TR test facility

View of the Chiller

Side view of the test facility



Thermax Limited 21

Partnerships to expand Water BusinessPartnerships to expand Water Business

• Marketing agreements with GE Water, USA, forMembrane Bio Reactor technology in SewageTreatment & for Reverse Osmosis membranes in theIndian market

• Technology licensing agreement with Wehrle, aGerman company to support customers in cleaning up‘difficult to treat effluents’



Thermax Limited 22

Water gains share of municipal sewageWater gains share of municipal sewage

treatment businesstreatment business

• WWS bagged order from Maharashtra andJammu & Kashmir worth Rs.155 Cr

• 160 million litres of city waste will be treatedonce commissioned

• Patented FAB technology will be used inMaharashtra

• SBR technology to be adopted for sub-zerotemperature conditions in J&K



Thermax Limited 23

Air Pollution bags 20Air Pollution bags 20 MnMn Dollar ContractDollar Contract

• Received a USD 20 Mn order from a cementmajor in Egypt

• Thermax will design, manufacture, supply and

install air pollution control equipment inclient’s existing factory



Thermax Limited 24

B&H bagged order worth Rs.226 CrB&H bagged order worth Rs.226 Cr

• Order of Rs.226 crore from a leading businessconglomerate for supply of 4 x 250 TPH coal cumwashery rejects CFBC boiler (Circulating FluidisedBed Combustion Boiler)

• First boiler will be commissioned in 18 months & thefourth boiler in 22 months



Thermax Limited 25

Thermax –SPX Joint Venture



Thermax Limited 26

Thermax and SPX

-Deep power market expertise-Technology Leaders-Focus on environmental solutions

-Strong multi-year relationship

Thermax-SPXA world class

Power Equipment Supplier

Leading IndianEnergy & Environment

Company

World Class technologies-Electrostatic precipitators-Air pre-heaters

-Bagfilters

51% 49%

Thermax SPX Joint VentureThermax SPX Joint Venture



Thermax Limited 27

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