TI India - PPT - Oct 12

TUBE INVESTMENTS OF INDIA LTD
Investor Presentation
DISCLAIMER
This presentation contains forward-looking statements which may be identified by their use of words like plans, expects, will, anticipates, believes, intends, projects, estimates or other words of similar meaning. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, product development, market position, expenditures, and financial results, are forward-looking statements. Forward-looking statements are based on certain assumptions and expectations of future events. The companies referred to in this presentation cannot guarantee that these assumptions and expectations are accurate or will be realized. The actual results, performance or achievements, could thus differ materially from those projected in any such forward-looking statements. These companies assume no responsibility to publicly amend, modify or revise any forward looking statements, on the basis of any subsequent developments, information or events, or otherwise.
2
Table Of Contents
Section 1 Overview of Murugappa Group Section 2 Overview of Tube Investments of India Ltd. Section 3 Divisional Overview Section 4 Financial Services Section 5 Financials
Section 1
Overview of Murugappa Group
Murugappa Group
USD 4.4 Billion Murugappa Conglomerate

5
Composition of Group Turnover and Profits
Others Chola MS 4% CIFCL 6% 8%
Sales Composition
CUMI 9%
TII 17%
EBITDA Composition
Coromandel 44%
EID parry 12%
Chola MS Others CIFCL 3% 4% 10%
CUMI 15% TII 15%
Coromandel 42%
EID parry 11%

6
Section 2
Overview of Tube Investments
Evolution of the Company

TI Cycles of India Ltd commenced bicycles manufacturing in 1949 in collaboration with Tube Investments Ltd UK As a backward integration Tube Products of India Ltd was formed in 1955 to service the requirement of Tubes to TI Cycles Tube Products of India merged with TI Cycles of India in 1959. Name changed to Tube
Investments of India Ltd.

Another backward integration for the production of Cold Rolled Strips and Chains in1962 Metal formed products for the automobile industry in 1982 GDR issue of $ 50 million in 1994 Tube Investments of India Ltd became a 100% domestic Company in 2000 Acquired 77.13% stake in an industrial chain company in France in 2010 Acquired 70.12% stake in Shanthi Gears Limited, a Coimbatore based gear manufacturing company.
8
Company Overview
Tube Investments of India Sales: 3459 Cr PBT: 245 Cr ROCE: 16.1%
Engineering (Welded Tubes & Strips) Sales: 1320 Cr (38%) PBIT: 131 Cr (41%) ROCE: 29.2 %
Metal Formed Products (CRF Sections, Door frames & Chains) Sales: 859 Cr (25%) PBIT: 112 Cr (35%) ROCE: 22.8%
Cycles (Cycles & EScooters) Sales: 1280 Cr (37%) PBIT: 76 Cr (24%) ROCE: 84.4%
Financial Services G W Premium: 1506 Cr Disbursements: 8889 Cr Managed Assets:14643 Cr
*Figures in brackets represent contribution in % terms to total (Excl. Financial Services) for the year 2011-12
9
Corporate Overview
Key Competitive Strengths
Leader in all business segments
Precision welded tubes - CDW segment - ~ 50% market share Automotive Chains ~ 40% market share Roll formed Car doorframes ~ 49% market share Bicycles specials segment ~ 50% market share
Segment Analysis
Strong customer relationships

All major automotive OEMs as customers
Proximity to consuming markets

Facilities across the country
Other Financial Services 32%
Cycles 19% Engineeri ng 19%
High quality levels;

Car doorframes & Automotive chains
Insurance 15%
Metal Formed Products 15%
Promoter of Financial Services

Holds 54.49% equity in Chola Finance Holds 74.00% equity in Chola MS General Insurance
10
Shareholding Pattern: 30th September, 2012
Particulars Promoter Group Mutual Funds Banks / Insurance Companies Depository Receipt Holders Bodies Corporate Foreign Institutional Investors General Public
Holding % 48.13 11.85 3.73 3.45 7.50 7.90 17.44
11
Section 3
Divisional Overview
12
Section 3
Divisional Overview - Engineering
13
Engineering Overview
Precision Tubes
Industry has 2 segments - welded and seamless The size of the market is approx. 0.5 Mn Tonnes Our focus - Ferrous Cold Drawn Welded (CDW) Electric Resistance Welded (ERW) Applications in Automotive, boiler, cycle and general engineering sectors The major application is found in automotive sector 2 wheelers contribute about 40% of the demand
Cold Rolled Steel Strips

Regionalized industry due to high element of freight cost Integrated manufacturers are our competitors Focus on Special grades Application in Auto ancillary / Bearings / cycles /
General engineering / Furniture / Chains

amongst others
4 wheelers contribute the rest

Our CDW market share is ~ 50%
14
Engineering: Segment Analysis
Non-Auto, 19%
Auto, 81%
High share of revenue from Auto

15
2011-12: Key Contributors

Auto Industry growth of 14%
Two Wheelers - 17%; Commercial vehicles 20%
Volume growth of 14% Contribution of new products to turnover 11%
Tube Sales surpasses the 1000 Cr mark

16
Financial Summary - Engineering

Particulars Volumes (Tonnes) Strips: Domestic Exports Tubes: Domestic Exports Tubular Components Sales (Net) (including Inter Unit) Other Income Total Income EBITDA Depreciation PBIT Capital Employed Net Fixed Assets Net Working Capital Segment Capital Employed ROCE% Sales/NWC 2011-12 2010-11 2011-12 2010-11 % to Sales % Growth
52647 837 127626 8143 10431 1449 7 1457 161 30 131 252 197 449 29.2% 7.4
48286 1106 110558 9484 7308 1190 6 1195 140 27 113 216 171 387 29.2% 7.0
9.0% -24.3% 15.4% -14.1% 42.7% 21.8% 16.7% 21.9% 15.0% 11.1% 15.9%
0.5% 11.1% 2.1% 9.0%
0.5% 11.8% 2.3% 9.5%
17
2012-13: Key Drivers

Auto Industry growth to be lower than previous year Investments in Infrastructure sector to grow Capacity building in Tubes segment
Greenfield facility in South for Large Diameter Tubes Greenfield facility in North
CAPEX 190 Cr.
Entry into new product segments

Stainless Steel Tubes Started production in Feb 12
Focus on internal efficiencies

Cost reduction Timely price recoveries
18
Financial Summary - Engineering

Particulars Volumes (Tonnes) Strips: Domestic Exports Tubes: Domestic Exports Tubular Components Sales (Net) (including Inter Unit) Other Income Total Income EBITDA Depreciation PBIT APPLICATION OF FUNDS Net Fixed Assets (Incl. CWIP) Net Working Capital Total Capital Employed ROCE% Sales/NWC 2012-13 H1 2011-12 H1 2012-13 2011-12 H1 H1 % to Sales % Growth
26968 131 64423 4371 5897 770 2 772 77 16 61 312 182 494 24.5% 8.5
26322 752 63286 3851 4976 711 3 714 77 14 63 233 171 404 31.2% 8.3
2.5% -82.6% 1.8% 13.5% 18.5% 8.3% -33.3% 8.2% 14.3% -3.2%
0.3%
10.0% 2.1% 7.9%
0.4%
10.9% 2.0% 8.8%
19
Performance Trend
Particulars 2007-08 2008-09 2009-10 2010-11 2011-12
2012-13 H1 770
Sales
877
957
890
1190
1449
PBIT
43
17
85
113
131
61
PBIT Margin
4.9%
1.8%
9.6%
9.5%
9.0%
7.9%
ROCE
11.9%
5.2%
22.1%
29.2%
29.2%
24.7%
20
Engineering Performance
400 350 300 250 200 150 100 50 Q1 11-12 Q2 11-12 Q3 11-12 Q4 11-12 Q1 12-13 Q2 12-13 35 29 30 38 32 29 394 376
358
353
366
372
Sales
PBIT
21
Section 3
Divisional Overview Metal Formed Products
22
Overview
Auto Products Growth in Automotive industry Market leader with ~ 49% market share in doorframes ~ 40% in automotive chains
23
Non - Auto
Estimated annual wagon requirement 16,500 Robust manufacturing & infrastructure growth ~ 40% market share in industrial chains
Overview
Revenue from Railway Products
Segment Analysis
152 146 108

07-08
Railways 15%
58 17
65
08-09 09-10 10-11 11-12 12-13 H1
NonAuto 22%
Auto 63%
24
2011-12: Key Contributors

Sales volume growth:
Automotive chains 13% ; After Market (Kits) 35% IC Domestic 13%; Exports 40% ECC Domestic 27%
4w business in FB parts gone up from 13% to 22%
Capacity expansion
Drive by 17% and Cam by 37% in RCD and UTK plants (combined)
New Product Development

15% in Industrial Chains
25
Financial Summary
Particulars Volumes Door Frames (Lakh Sets) Sections for railway wagons (Sets) Chains Domestic (Lac ESS feet) Exports (Lac ESS feet) Sales (Net) (including Inter Unit) Other Income Total Income EBITDA Depreciation PBIT Capital Employed Net Fixed Assets Investments Net Working Capital Segment Capital Employed ROCE % Sales/NWC 2011-12 10. 47 3257 2010-11 11. 51 3219 2011-12 2010-11 % Growth -9.0% 1.2% % to Sales
641 111 859 10 870 149 37 112 317 44 131 492 22.8% 6.6
562 79 769 6 775 135 33 102 295 44 86 425 24.0% 8.9
1.2% 17.3% 4.3% 13.0%
0.8% 17.5% 4.3% 13.2%
14.1% 40.5% 11.7% 66.7% 12.3% 10.4% 12.1% 9.8%
26
Overseas Chains Subsidiary

Financiere C 10 Holding company of Sedis
Acquired 77.13% for Rs. 44 Cr. Two plants in France About 23% market share in France Turnover PBT 2011 34 Mn 1 Mn 2010 29 Mn 0.5 Mn
Five global patents

Leader in special and engineering class chains
Range of industries catered to:

Car / escalator / textiles / food processing / packaging / cement / sugar / paper / water treatment / lumber / dams / amusement park
27

Auto Industry growth to be lower than previous year
Investments in Infrastructure sector to grow

Capacity building
Greenfield facility in South Existing locations Fine Blanked facility
CAPEX 110 Cr.
Leverage from acquisition

Technology for Indian markets Manufacture in India for Global markets Technical services
28
Financial Summary
Particulars Volumes Doorframes (Sets) Sections for railway wagons (Sets) Chains: Domestic (Lac ESS feet) Exports (Lac ESS feet) Sales (Net) (including Inter Unit) Other Income Total Income EBITDA Depreciation PBIT APPLICATION OF FUNDS Net Fixed Assets (Incl. CWIP) Investments Net Working Capital Total Capital Employed ROCE% Sales/NWC 2012-13 H1 486834 2058 284 57 423 3 426 62 16 46 338 44 122 504 17.8% 6.9 2011-12 H1 530567 1936 315 52 437 3 440 76 18 58 299 44 131 474 24.6% 6.7
29
2012-13 2011-12 H1 H1 % to Sales
% Growth -8.2% 6.3% -9.8% 9.6% -3.2%
0.7% 14.6% 3.8% 10.9%
0.6% 17.4% 4.1% 13.3%
1.5% -3.2% -18.4% -11.1% -20.7%
Performance Trend
Particulars 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 H1
Sales
368
476
576
769
859
423
PBIT
56
51
80
102
112
46
PBIT
15.2% Margin 10.7% 13.9% 13.3% 13.0% 10.9%
ROCE
20.7%
15.0%
21.5%
24.0%
22.8%
18.3%
30
30
Divisional Overview - Metal Formed Products
Metal Formed Products Performance

250
231 206 191
231
219
204
200
150
100
50
32
26
20
34
24
22
Q1 11-12 Q2 11-12 Q3 11-12 Q4 11-12 Q1 12-13 Q2 12-13
Sales
PBIT
31
Section 3
Divisional Overview Cycles & E Scooters
32
Overview
Industry Our Segment Analysis
Bicycle Industry size: ~ 15 Mn

Standards 45%; negligible growth Specials 55%; growing at over 10%
Stds Specials
2012-13 H1 2011-12 2010-11 2009-10 2008-09 2007-08
25% 28% 30% 32% 34% 35%
75% 72% 70% 68% 66% 65%
Fitness Industry: ~ 1200 Cr

Growing at ~ 24%
Electric Scooters/ Pedelecs

Nascent segment
33
2011-12: Key Contributors Sales growth higher than industry

15% growth in Value
8% growth in Volume
New Products
26% revenue from sale of new products
Business Model
Promotion of Cycling
Cyclothons, Bikeathons, Fun Fitness and Freedom rides
830 retail outlets under various formats contributes to 25% of revenue

34
Financial Summary
Particulars Volumes (Lac Nos) Sales (Net) Other Income 2011-12 45 1280 13 2010-11 41 1114 6 1.0% 0.5% 2011-12 2010-11 % Growth 9.8% 14.9% 116.7%
Total Income
EBITDA Depreciation PBIT
1293
83 7 76
1121
85 7 78 6.5% 0.5% 5.9% 7.6% 0.6% 7.0%
15.3%
-2.4%
-2.6%
Capital Employed Net Fixed Assets Investments Net Working Capital Segment Capital Employed
ROCE % Sales/NWC
45 4 41 90
84.4% 31.2
46 3 26 75
104.0% 42.8
35
Continue expansion of Retail Formats

Growth opportunity in Exports
Explore International Brand Acquisition
Cycles
Fitness
CAPEX 50 Cr.
36
Financial Summary
Particulars Volumes Cycles (Lac nos) Sales (Net) (including Inter Unit) Other Income Total Income EBITDA Depreciation PBIT APPLICATION OF FUNDS 23 708 4 712 22 632 7 638 0.6% 1.1% 2012-13 H1 2011-12 H1 2012-13 H1 2011-12 H1 % Growth
% to Sales 4.5% 12.0% -42.9% 11.6%
47
3 44
46
3 43
6.7%
0.5% 6.2%
7.3%
0.5% 6.8%
2.2%
2.3%
Net Fixed Assets (Incl. CWIP)

Investments Net Working Capital
50 4 103 157 55.7% 13.7
44 3 76 123 70.2% 16.7

37
Total Capital Employed

ROCE% Sales/NWC
Performance Trend
Particulars
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13 H1
Sales PBIT PBIT
568 22
723 29
946 69
1114 78
1280 76
708 44
3.9% Margin
4.0%
7.3%
7.0%
5.9%
6.2%
ROCE
26.2%
51.8%
69.7%
104.0%
84.4%
56.1%
38
38
Divisional Overview - Cycles & E Scooters
Cycles & E Scooters Performance

400 350 300 348 315 316 300 333 375
250
200 150 100 50 Q1 11-12 Q2 11-12 Q3 11-12 Q4 11-12 Q1 12-13 Q2 12-13 22 21 16 16 22 22
Sales
PBIT
39
Section 4
Financial Services
40
Financial Services: Cholamandalam Investment & Finance Co. Ltd
Overview
Investments
Performance in 12-13 H1
Investment of Rs. 682 Cr. 54.49 % of capital held by TII
Disbursements in asset financing Rs. 5166 Cr.

Vehicle finance growth of 38% Home equity growth of 40%
Average Cost of Acquisition per

share Rs. 89 Market price per share Rs. 218 (as
on 30/09/2012)
Capital adequacy ratio 18.2%

Presence 484 branches Profit after tax Rs. 139 Cr
41
Performance Overview 2012-13 H1

10,000
Disbursements
Vehicle Finance
Home Equity
Gold
14,000
2010-11
2011-12
2012-13 H1
9,000 8,000
6,000 5,000
1,235
3,000
2,171
780
320
157
491
1,000 -
2,000 In Crs. Vehicle Finance
3,083
3,653
2,000
4,496
4,168
4,000
6,026
4,000
31 998
8,000 6,000
7,306
9,839
7,000
10,000
11,620
54 1,528
AUM
12,000
42
Gold
In Crs.
2010-11
2011-12
2012-13 H1
Home Equity
Business Finance Personal Loans
2010-11 1,600
2011-12
2012-13 H1
Profit Before Tax

350 300 250 290
In Crs.
1,400 1,200 1,000
Total Income
1,334
206
200
876
880
800 600 400
150 100
100
378
259
251
106
200
50
74 28
63
In Crs.
Vehicle Finance
Home Equity
Business Finance
Personal Loans
Gold
2010-11
2011-12
2012-13 H1
35
42

Disbursements growth planned Geographical Expansion
New Braches planned
Customer Engagement & Retention Initiatives

Proactive Top ups to Customers Enhancing customer interaction post disbursal
43
Financial Services: Cholamandalam MS General Insurance
Overview
About Mitsui Sumitomo

Chola MS JV

Largest non-life insurer in Asia & Largest in Japan Global player with presence in over 40 countries Rated A+ by Standard & Poor Front runners in Property & Marine lines of businesses
Equity Capital & Premium ` 367 Cr Shareholding pattern TII holds 74% Mitsui Sumitomo 26% Market Share 2.6% Solvency Ratio 1.49 Distribution Framework Market presence - over 90 branches Multiple business tie-ups banks, NBFCs, Auto mfrs etc Leading insurer for Japanese / Korean business interests in India
44
Business Mix
Chola Business Mix FY 2011-12
Travel+others 2% Marine 4% Govt Health 12% Fire+Engg 7% Health 5% PA 4%
CholaMS Business Mix H1 FY 2012-13

Travel+others Fire+Engg 8% 2% Govt Health Health PA 12% 7% 3%
Liability 1%
Liability 1%
Marine 3%
Motor 65%
Motor 64%
PA Marine
Fire+Engg Liability Govt Health
Health Motor Travel+others
Fire+Engg Motor
Health Marine
PA Govt Health
Liability Travel+others
45
Chola MS Income Statement

Particulars Gross Written Premium Less: RI cession Net Written Premium Net Earned Premium Commission Customer Acquisition costs Less: RI Commission etc.. Net Commission costs Incurred claims Total Claims People Related costs Other operating expenses Total Expenses of Management Underwriting results Investment income Operating PBT PBT PAT Combined ratio 2010-11 1047 320 727 629 118 29 90 486 486 53 88 142 (88) 66 (23) (23) (23) 114% 2011-12 1506 515 991 869 182 36 146 658 658 64 84 148 (83) 99 16 16 19 110% 2012-13 H1 792 157 635 474 109 20 89 345 345 34 54 88 (48) 78 30 30 21 99.9%
46

Aggressive growth planned in strategic channels
Inclusion of new agents planned Volume scale up in personal line and health products
Scale up in new tie-ups / new products / niche areas Rationalise growth across geographies Continued focus on people / branch productivity Enhancing sourcing through web motor, health, travel etc
47
Section 5
Financials
Financials Tube Investments of India Ltd.
Performance Trend
Description Sales PBIT PBIT Margin ROCE 2007-08 1744 97 5.6% 8.9% 3.06 2008-09 2059 60 2.9% 5.1% 3.91 2009-10 2346 159 6.8% 10.2% 4.39 2010-11 2963 307 10.4% 17.4% 9.16 2011-12 3459 321 9.3% 16.1% 9.69 2012-13 H1 1835 150 8.2% 11.5% 4.06
EPS
EPS (Cons)
3.66
2.85
6.08
10.58
14.46
8.61
49
49
Cash Generation
Description
PAT Depreciation
07-08
57 53
08-09
72 59
09-10
81 67
10-11
170 69
11-12
180 76
12-13 H1 76 38
Change in NWC Exceptional Items

Free Cash Flow Capital Expenditure
-8 -5
97 109
68 -47
152 87
-60 40
128 96
-20 -21
198 87
-120 0
136 167
-159 0
-45 126
50
Financial - Summary
Particulars 2011-12 2010-11 2011-12 2010-11 % Growth % to Sales Sales (Net) Other Income Total Income Raw Material (Net of Inventory change) Employee Cost 3459 62 3521 2162 259 2963 29 2992 1800 244 62.5% 7.5% 60.7% 8.2% 16.8% 113.8% 17.7% 20.1% 6.1%
Other Costs
Total Cost (before Depn. & Interest) EBITDA Exceptional/ Non-operating Depreciation Interest PBT PAT
702
3123 397
592
2636 356 21
20.3%
20.0%
18.6%
18.5%
11.5%
12.0%
11.5%
76 76 245 180
69 66 241 170
2.2% 2.2% 7.1% 5.2%
2.3% 2.2% 8.1% 5.7%
10.1% 15.2% 1.7% 5.9%

51
Financial - Summary
Particulars 2012-13 H1 1835 25 2011-12 H1 1714 26 2012-13 H1 2011-12 H1 % Growth
% to Sales Sales (Net) Other Income Total Income Raw Material (Net of Inventory change) 7.1% -3.8%
1859
1146 139 386 1671 188 38 45
1740
1071 128 337 1537 204 36 37 10.3% 2.1% 2.4% 11.9% 2.1% 2.2% 62.5% 7.6% 21.0% 62.5% 7.5% 19.7%
6.8%
7.0% 8.6% 14.6% 8.7%
Employee Cost
Other Costs Total Cost (before Depn. & Interest) EBITDA Depreciation Interest PBT PAT
5.6% 21.6%
105
76
131
95
5.7%
4.1%
7.6%
5.6%
-19.9%
-20.0%
52
Financial - Summary
PARTICULARS EQUITY AND LIABILITIES As at 30.09.2012 As at 31.03.2012
Shareholders Funds
a) Share Capital b) Reserves and Surplus Share Application Money Pending Allotment Non-Current Liabilities a) Long Term Borrowings b) Deferred Tax Liabilities (Net) Current Liabilities a) Short Term Borrowings 345 296 616 47 663 419 48 467 37 1155 1192 37 1078 1115 0
b) Trade Payables
a) Other Current Liabilities b) Short Term Provisions TOTAL
577
475 22 1419 3274
556
168 41 1061
Cont 2642
53
Financial - Summary
PARTICULARS ASSETS As at 30.09.2012 As at 31.03.2012
Non-Current Assets
a) Fixed Assets (i) Tangible Assets (ii) Capital Work-in-Progress b) Non-Current Investments c) Long Term Loans and advances Current Assets a) Current Investments b) Inventories c) Trade Receivables 11 423 510 409 436 628 88 1259 95 2070 607 38 930 87 1662
d) Cash and Cash Equivalents

e) Open Offer Escrow Deposit f) Short Term Loans and Advances TOTAL
29
173 58 1204 3274
86
49 980 2642
54
Dividend Per Share
07-08 Per Share of FV 2/1.0
08-09 1.0
09-10 1.5
10-11 3.0
11-12 3.0
Uninterrupted Dividend Record since inception Dividend distribution policy: Around 30% of PAT
55
Consolidated Financial - Summary

Particulars Segment Revenue Cycles / Components / E Scooters Engineering Metal Formed Products Un-allocable Operating Income Insurance Other Financial Services Others Total Inter Segment Revenue Total Revenue Segment Results Cycles / Components / E Scooters Engineering Metal Formed Products Insurance Other Financial Services Others Total Interest Other Un-allocable Expenditure Net of Un-allocable Income / Inter Segment Eliminations Un-allocable Exceptional Items Net Profit / (Loss) before Tax Capital Employed (Segment Assets - Segment Liabilities) Cycles / Components / E Scooters Engineering Metal Formed Products Insurance Other Financial Services Others Other Un-allocable Assets Net of un-allocable Liabilities Total 31.03.2012 1301 1457 1065 0 968 1779 7 6577 (135) 6442 75 131 121 16 289 2 634 (78) (19) 536 93 449 549 323 1368 4 36 2821 31.03.2011 1123 1195 941 0 695 1206 5 5165 (116) 5049 77 113 107 (22) 122 1 398 (69) (15) 21 335 76 387 485 257 929 3 (15) 2122
56
Consolidated Financial - Summary

Particulars Segment Revenue Cycles / Components / E Scooters Engineering Metal Formed Products Un-allocable Operating Income Insurance Other Financial Services Others Total Inter Segment Revenue Total Revenue Segment Results Cycles / Components / E Scooters Engineering Metal Formed Products Insurance Other Financial Services Others Total Interest Other Un-allocable Expenditure Net of Un-allocable Income / Inter Segment Eliminations Un-allocable Exceptional Items Net Profit / (Loss) before Tax Capital Employed (Segment Assets - Segment Liabilities) Cycles / Components / E Scooters Engineering Metal Formed Products Insurance Other Financial Services Others Other Un-allocable Assets Net of un-allocable Liabilities Total 30.09.2012 716.60 772.34 537.01 0.21 552.05 1169.26 2.99 3750.46 (70.91) 3679.55 43.27 60.68 46.07 30.68 205.55 0.45 386.70 (45.33) (7.17) 334.20 155.20 493.68 529.86 394.30 1501.05 4.38 546.26 3624.73 30.09.2011 640.87 713.89 554.07 0.07 399.08 780.40 2.98 3091.36 (79.17) 3012.19 42.52 63.39 62.58 14.54 122.95 0.70 306.68 (37.40) (8.43) 260.85 124.63 403.77 554.67 319.97 1126.74 3.45 154.08 2687.31
57
Financial Calendar
2012-13 Q III Q IV
Schedule January, 2013 May, 2013
58
Investor Desk
Contact Particulars Mr. U Rajagopal Phone 91-44-42286726 E-mail RajagopalU@tii.murugappa.com
59
THANK YOU

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TUBE INVESTMENTS OF INDIA LTD

Overview of Murugappa Group

Overview of Murugappa Group

USD 4.4 Billion Murugappa Conglomerate

Overview of Murugappa Group

Composition of Group Turnover and Profits

Others Chola MS 4% CIFCL 6% 8%

EID parry 12%

Chola MS Others CIFCL 3% 4% 10%

CUMI 15% TII 15%

EID parry 11%

Overview of Tube Investments

Overview of Tube Investments

Evolution of the Company

Investments of India Ltd.

Overview of Tube Investments

Financial Services G W Premium: 1506 Cr Disbursements: 8889 Cr Managed Assets:14643 Cr

Overview of Tube Investments

Strong customer relationships

Proximity to consuming markets

Other Financial Services 32%

Cycles 19% Engineeri ng 19%

High quality levels;

Metal Formed Products 15%

Promoter of Financial Services

Overview of Tube Investments

Shareholding Pattern: 30th September, 2012

Holding % 48.13 11.85 3.73 3.45 7.50 7.90 17.44

Divisional Overview - Engineering

Divisional Overview - Engineering

Cold Rolled Steel Strips

General engineering / Furniture / Chains

4 wheelers contribute the rest

Divisional Overview - Engineering

Engineering: Segment Analysis

High share of revenue from Auto

Divisional Overview - Engineering

2011-12: Key Contributors

Volume growth of 14% Contribution of new products to turnover 11%

Tube Sales surpasses the 1000 Cr mark

Divisional Overview - Engineering

Financial Summary - Engineering

0.5% 11.1% 2.1% 9.0%

0.5% 11.8% 2.3% 9.5%

Divisional Overview - Engineering

2012-13: Key Drivers

CAPEX 190 Cr.

Entry into new product segments

Focus on internal efficiencies

Divisional Overview - Engineering

Financial Summary - Engineering

Divisional Overview - Engineering

Divisional Overview - Engineering

Divisional Overview Metal Formed Products

Divisional Overview Metal Formed Products

Divisional Overview Metal Formed Products

152 146 108

08-09 09-10 10-11 11-12 12-13 H1

Divisional Overview Metal Formed Products

2011-12: Key Contributors

4w business in FB parts gone up from 13% to 22%

New Product Development

Divisional Overview Metal Formed Products