Slides
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BLUE STAR Investor Presentation Q1FY27
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Forward Looking Statement Certain statements in this presentation regarding our business operations may constitute forward- looking statements. These include all statements other than statements of historical facts, including those regarding the financial position, business strategy, management plans and objectives for future operations. Forward-looking statements can be identified by words such as ‘believes,’ ‘estimates,’ ‘anticipates,’ ‘expects,’ ‘intends,’ ‘may,’ ‘will,’ ‘plans,’ ‘outlook,’ and other words of similar meaning in connection with a discussion of future operational or financial performance. Forward-looking statements are necessarily dependent on assumptions, data or methods that may be incorrect or imprecise and that may be incapable of being realized, and as such, are not intended to be a guarantee of future results, but constitute our current expectations based on reasonable assumptions. Actual results could differ materially from those projected in any forward looking statements due to various events, risks, uncertainties and other factors. We neither assume any obligation nor intend to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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Our Values “To dream, to strive, to care and, above all to be the best in everything we do.” VISION “I am Blue Star. I take pride in delivering a world-class customer experience.” CREDO
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Entered residential segment with a range of Room AC Reve EBITDA Margin New element Earnings before interest, taxes, depreciation, and amortization. New element Received its first patent in R&D 1943 1969 Mohan T Advani founds Blue Star at the peak of World War II 1947 Listed on Bombay Stock Exchange Started Central Air Conditioning System Design and Execution 20112017 Engaged ‘Virat Kohli’ as a Brand Ambassador 2022 2019 Set up Wholly owned Subsidiary in North America and Europe More than 8 Decades – A Growth Journey 2023 Started commercial production at Sri City Factory 1977 1997 Forays into Middle East Markets 1993 Set up world class Dadra Factory Enters South- East Asia with Arab Malaysian Joint Venture 1969 Listed on Bombay Stock Exchange EBITDA MarginEarnings before interest, taxes, depreciation, and amortization. 2005-07 Set up factory in Himachal & Wada 2024 Enhanced Chiller portfolio by launching Data- center, Brine & Centrifugal chillers 2012 Set up Plant in Ahmedabad Long way ahead……….
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Snapshot R&D Manufacturing Trading EPC Contractor After-sales Integrated Business Model Commenced operations in 1943, with c. 80 years of operations in India Air conditioning, Refrigeration and MEP solution provider Presence in 18+ countries & Plans to strengthen presence in USA, Europe Maintains c. 2 million tonnes of air conditioning and refrigeration equipment Key end-markets, including Residential, Commercial, Industrial, and Infrastructure. 7 manufacturing facilities in India with 4000+ Channel Partners
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Strong governance is the key pillar of Blue Star through out its existence * Also a key management personnel (KMP) Board of Directors M S Unnikrishnan Independent Director Dinesh Vaswani Non-Executive Director Rajiv R Lulla Non-Executive Director Anil Harish Independent Director Sunaina Murthy Non-Executive Director Anita Ramachandran Independent Director Vir S Advani* Chairman & Managing Director B Thiagarajan* Managing Director Ashok M Advani Suneel M Advani Chairmen Emeriti Vipin Sondhi Independent Director G Murlidhar Independent Director Mohit Sud* Executive Director
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Where Cooling Solutions are shaped Manufacturing Facilities Wada Started in:2007 Location: Himachal Pradesh 2 Started in: 2011 Ahmedabad Started in:2012 Location: Sri City Started in:2023 Dadra Started in:1997 Location: Himachal Pradesh 1 Started in: 2005
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Business Overview – Q1FY27
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Segment 1 - Electro-Mechanical Projects and Commercial Air Conditioning Systems Electro-Mechanical Projects: This quarter saw strong order bookings primarily driven by data centers. Rising opportunities in data centers and factories giving confidence of continued growth prospects. Commercial Air Conditioning Systems: Order inflow gained momentum during the quarter, supported by demand from industrial, retail and health care segments. International Business: Despite tariff-related uncertainties, the company’s expansion in US is progressing well and we continue to pursue more customers in US and Europe. TEXT TEXT
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Segment 2 - Unitary Products Room Air Conditioner: Room Air Conditioners business delivered robust revenue growth, however margin remained under pressure due to rising input costs and depreciation of the Indian Rupee. Commercial Refrigeration: The Commercial Refrigeration business witnessed degrowth during the current quarter as demand for deep freezers from Ice cream OEMs was muted.
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Segment 3 - Professional Equipment and Industrial Solutions The segment revenue declined mainly due to continued challenges in the Med Tech business. Industrial Solutions continue to grow steadily supported by manufacturing and testing demand. The regulatory policy framework for the Med-Tech Solutions business still remains unclear, consequently the business has slowed down.
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Financial Highlights– Q1FY27
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200 175 Q1FY26 Q1FY27 Financial Highlights – Q1FY27 EBITDA (₹ cr) 5.88 4.99 Q1FY26 Q1FY27 Earnings per share (EPS)* (₹) Revenue (₹ cr) 165 126 Q1FY26 Q1FY27 down by 24% Profit before tax (bei)^ (₹ cr) 2982 3378 Q1FY26 Q1FY27 *Not Annualized ^before share of Profit/(Loss) of JV and exceptional items 6.7% 5.2% down by 13%
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Segment Highlights – Q1FY27 Segment 1: Electro- Mechanical Projects and Commercial Air Conditioning Systems Segment 3: Professional Electronics and Industrial Systems Segment 2: Unitary Products
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ESG Practices
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ESG Practices Environmentally Responsible Operations Social Responsibility & Community Impact Governance Excellence Eco-Conscious Product Innovation Focus on energy-efficient and sustainable designs - green refrigerants, invertor compressors and emphasis laid on reusable packaging. Green Infrastructure IGBC-certified offices/plants (Thane, Wada, Sri City, Dadra), Net Zero Energy Platinum (Sakinaka Office), GreenCo certification secured for Wada and Sri City is currently in progress. Ensuring new facilities are IGBC certified. Sustainable Manufacturing 6 MWp solar system supplies ~15% of energy. 1.2 MWp captive under commissioning. Use of battery operated forklifts. Use of BLDC / IE motors, natural lighting, HVAC upgrades, and rainwater harvesting, retrofitting. Circular Economy E-waste compliance, PCB reuse, product refurbishment (MRI, AC&R). Diversity & Inclusion 16.67 % of female representation in Board; & 11.66% in permanent employees; active DE&I policy. CSR Policy CSR Policy updated to include environment & sustainability as one of the focus areas. Skill Development Vocational training for 500+ youth and 375 apprentices across India. STEM camps and labs benefiting 6,000+ tribal students. Education & Health Initiatives Support to 2,100+ students across 10 govt. schools in Himachal. 12,000+ students in Palghar screened and provided eyewear . 350+ scholars supported under the Mohan T Advani Centennial Scholarship. Women Empowerment Vocational training for 500+ women in rural crafts, tailoring, digital marketing. Robust Compliance Framework Code of Conduct and Whistle Blower Policy for employees and associates. Integrated Governance, Risk & Compliance (GRC) policy based on COSO 2017. Board Diversity & Independence Balanced representation of Executive & Non- Executive Directors. High Disclosure Standards Strong internal controls, Enterprise Risk Management, and ethical transparency. Integrated Vigilance Control Framework Integrated vigil mechanism and industry- leading practices in Enterprise Risk Management, Related Party Transactions, and Internal Financial Controls.
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Industry recognition for achievements Corporate governance and management Certified R&D capabilities Industry expertise Golden Peacock Award for Corporate Governance 2019/2020/2021 Golden Peacock Award for Risk Management 2020/2022/2023 Winner of ICSI Best Governed Company (Listed: Medium) 2019 Great Place to Work – Certified Organization 2023 MEP Contractor of the Year 2017-2023 Multiple CII National Manufacturing Awards REFCOLD India Emerson Awards for First Runner- up under Innovative Refrigeration Product 2022 NEBB Certified ISO 9001-2015 Certified IAQA Membership Certified Best Customer Service Initiative of the Year 2022 AHRI Certified for Air Cooled Chiller Lab AHRI Certified for Water Cooled hiller Lab NABL ISO 17025 Certified Lab for Testing Wada Plant receiving the IGBC Platinum Certification under 'Green Factory Building' category Best Water R&D and Technological Breakthrough-Domestic 2022 India Design Mark 2023
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Thank You