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BEML LIMITEDBEML LIMITED
WELCOMESWELCOMES
1
INVESTORS INVESTORS
44thth June 2015June 2015
COVERAGE
� Glimpse of BEML
� Performance Highlights
� Mining & Construction Business
� Rail & Metro Business
2
� Defence Business
� R&D
� Business Scenario
BEML BEML –– A GLIMPSEA GLIMPSE
� A Mini Ratna ‘Category 1’ Company under the Ministry of Defence, Govt. of India.
� Incorporated : 11th May 1964
� Core Business : - Mining & Construction Equipment
- Defence Products
- Railway & Metro Products
� Gross Sales in 1966 : `̀̀̀ 5 Cr.
� Gross / Net of Cons. Sales : `̀̀̀ 3130 Cr. / ` ` ` ` 2999 Cr. in 2014-15
� Exports 2014-15 : `̀̀̀ 107 Cr. (Physical) 378 Cr. (Deemed)
� Equity base : `̀̀̀ 41.77 Cr. GoI 54%, 46% Others
� Net worth : ` ` ` ` 2077 Crore (End Mar 2015)
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Govt.of India 54.03%
IFIs 8.88%
Indian Public 10.89%
MFs 10.79%
Corp Bodies 8.02%
SHARE HOLDING PATTERNSHARE HOLDING PATTERN
Corp Bodies 8.02%
FIIs 5.28%
NRIs/ OCBs 0.89%
Banks 0.31%
Others 0.91%
TOTAL 100.00%
4
As on 31st May 2015
PATH TREAD SO FAR ……
5
……
NET SALESNET SALES
18731569
18351542 1597
1803
686
726466
350 152164
447530 619
1107 1370 1032
1000
1500
2000
2500
3000
3500
R&M
Def
Valu
e in
`̀̀̀C
rore
- 6% 3% 3% 4%
Overall %Growth
Due to constraint in Defence Vertical
In addition to constraints in Defence Vertical no Orders received for Rail Coaches
- 4%
6
1569 1542 15971803
0
500
2009-10 2010-11 2011-12 2012-13 2013-14 2014-15
M&C
Valu
e in
TOTAL 3006 2826 2921 2999 3120 2999% of sale on Competition mode
76% 75% 80% 79% 87% 88%
0
100
200
300
400
Gross Margin 401 282 199 69 173 130
'09-10 10-11 11-12 12-13 13-14 14-15
GROSS GROSS MARGINMARGIN / PROFIT BEFORE TAX/ PROFIT BEFORE TAX
450
Va
lue
in
`̀̀̀C
rore
Value in ` ` ` ` Cr.GROSS MARGIN
-150
-50
50
150
250
350
450
PBT 320 187 66 -122 9 7
'09-10 10-11 11-12 12-13 13-14 14-15
7
Va
lue
in
`̀̀̀C
rore
PROFIT BEFORE TAX
- Loss during 2012-13 - Due to constraintsin Defence Vertical- Low off-take due to slump in M&C Marketover 15% drop in demand.
3000
4000
5000
6000
7000
ORDER BOOK POSITIONORDER BOOK POSITION
Cro
re
8
0
1000
2000
3000
O/B 5422 7016 5933 6050 5686 5683
31.03.11 31.03.12 31.03.13 31.03.14 31.03.15 31.05.15
Va
lue
in
` ` ` ` C
rore
8000
10000
12000
14000
MANPOWERMANPOWER
Nos. as of end March
0
2000
4000
6000
Manpower 12052 11798 11644 11005 10328 9599
2009-10 2010-11 2011-12 2012-13 2013-14 2014-15
9
20
25
30
SALES PER EMPLOYEE (NET SALES)SALES PER EMPLOYEE (NET SALES)
%Growth
Lakh
Value in `̀̀̀ lakh
(5.5%)
9%
10.5%
4%
4%
0
5
10
15
SPE 23.81 22.48 23.42 25.52 28.19 29.27
2009-10 2010-11 2011-12 2012-13 2013-14 2014-15
Valu
e in
`̀̀̀
10
ORDER BOOK ORDER BOOK –– 20152015--16 16 -- AS OF END MAY’15AS OF END MAY’15
Value in ` ` ` ` Cr
*
Orders
booked upto
end MAY'15
Sales till
end
MAY'15
Mining & 1561.56 1925.00 338.62 202.92 1697.26 590.26 1107.00 1131.82
Total
Orders on
hand as of
1st
JUNE'15
Orders
available for
execution in
2015-16
Orders for
execution
beyond
2015-16
Business
Group
Carry Forward
orders as of
1st APR 2015
Sales
Target
2015-16
(MoU)
2015-16 Orders
required to
meet Sales
Target
2015-16
11* MARC / AMC contracts spread over a period of 15 years.
*Mining &
Construction1561.56 1925.00 338.62 202.92 1697.26 590.26 1107.00 1131.82
Defence 2483.66 675.00 60.45 6.57 2537.54 506.74 2030.80 161.69
Rail & Metro 1640.91 1575.00 10.96 203.42 1448.45 1189.22 259.23 182.36
Total 5686.13 4175.00 410.03 412.91 5683.25 2286.22 3397.03 1475.87
BUSINESS GROUPS & PRODUCTSBUSINESS GROUPS & PRODUCTS
Mining & Construction
Defence & Aerospace
12
Aerospace
Rail & Metro
DOZERS –BD 355, BD155, BD85, BD80, BD65, BD50 (90 - 415 FHP)
CURRENT PRODUCT RANGECURRENT PRODUCT RANGE
DUMP TRUCKS-BH205E, BH150E, BH100A,BH85-1, BH60M,BH35-2 (35-205T)
EXCAVATORS-BE1800E,BE1600, BE1250,BE1000, BE700,BE300, BE220G, BE75 (0.3 –12 Cu.m)
WHEELED
MINING & CONSTRUCTION DEFENCE RAIL & METRO
PONTOON MIDSTREAM SECTION – PMS BRIDGE
ELECTRICAL MULTIPLE UNITS - SSEMU, ACEMU, DEMU
BEML HIGH MOBLITY VEHICLES – 12x12,
10x10, 8x8, 6x6, 4x4
ARMOURED RECOVERY VEHICLE – ARV
AKASH MISSILE
PASSENGER COACHES – GS, GSCN
METRO CARS –DMRC, JMRC, BMRCL
13
WATER SPRINKLERS -WS70, WS 28-2 (70,000 – 28000 Liters)
WHEELED LOADERS –BL200-1, BL9H (0.8 – 6.3 Cu.m)
MOTOR GRADERS – BG825, BG605I, BG405A (137, 145 & 285 HP)
DREDGERS –BE300LC (1.3 Cu.m)
AKASH MISSILE – SECTION IV & V
BMP TRANSMISSION
WAGON – BFAT
MAINTENANCE VEHICLES –CMV, OHE
UTILITY VEHICLES
INTERMEDIATE CAR
MANUFACTURING UNITSMANUFACTURING UNITS
KGF COMPLEX
• EM DIVISION
• H&P DIVISION
• RAIL UNIT II
• HEAVY FABRICATION UNIT
MYSORE COMPLEX
• EQUIPMENT DIVISION
• ENGINE DIVISION
• AEROSPACE MANUFACTURING DIVISION
1
2
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BANGALORE COMPLEX
• AEROSPACE MANUFACTURING DIVISION
• RAILWAY PRODUCTS, METRO CARS & DEFENCE PRODUCTS
PALAKKAD COMPLEX• DEFENCE PRODUCTS & RAILWAY PRODUCTS
VIGNYAN INDUSTRIES LTD- SUBSIDIARY OF BEML
• STEEL FOUNDRY
3
4
5
BIRD’S EYE VIEW
KGF COMPLEX
HEAVY EQUIPMENT SHOP
TEST TRACK
H&P DIVISION
MYSURU COMPLEXBIRD’S EYE VIEW
FLEXIBLE MANUFACTURING
SYSTEM
WELDING ROBOT
BENGALURU COMPLEX
FRONT VIEW
ROOF ROBOT SPOT WELDING
CAR BODY JIGS
BOGIE LOAD TEST
PALAKKAD COMPLEX
MANUFACTURING UNITSMANUFACTURING UNITS
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H&P DIVISION
RAIL UNIT - II
HEAVY FABRICATION UNIT
WATER TIGHTNESS TEST
PALAKKAD COMPLEX
HANGAR I & II
HANGAR III & IV
VIL
MARKETING NETWORKMARKETING NETWORK
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- 9
- 12
- 19
- 5
Nicaragua
Suriname
Ghana
Morocco
Zambia
Algeria
Tunisia
Egypt
Senegal
Tanzania
Jordan
SyriaIraq
Kuwait
YemenOman
UAE
Bahrain
AfghanistanNepal
Bhutan
Bangladesh
Myanmar
Indonesia
Sri Lanka
Papua New
ThailandHonduras
Sudan
Libya
EthiopiaKenya
Mali
Philippines
Saudi
Arabia
Uganda
Kuwait
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Zambia
South
Africa
Tanzania Indonesia Papua New
Guinea
Vanuatu
BEML’S GLOBAL REACH BEML’S GLOBAL REACH
Brazil
Angola Malawi
Zimbabwe
17
RESEARCH & DEVELOPMENT RESEARCH & DEVELOPMENT RESEARCH & DEVELOPMENT RESEARCH & DEVELOPMENT
18“MAKE IN INDIA”
Manpower (Engineers)
� Mining & Construction - 166, Defence - 30, Rail & Metro - 60
KGF – CRAWLER BASED R&D MYSORE – WHEEL BASED R&D
DESIGN STRENGTH
19“MAKE IN INDIA”
BANGALORE COMPLEX – RAIL BASED R&D
STRUCTURAL ENGINEERING LABORATORY
POWERLINE LABORATORY
R & D CENTRE
MATERIAL SCIENCE LABORATORYFLUID POWER LABORATORY
“MAKE IN INDIA”
ENGINE TESTING LABORATORY
�Capability building in the area of Technology� Tie up with (IIT-M) - MoU signed for capability enhancement of the
Engineers working in Production, R&D and allied areas and Jointworking on R&D. Trained 149 Engineers.
� Tie up with:
� IIT Kharagpur for Rail & Metro related research
� Indian Institute of Science, Bengaluru (IISc) for AdvancedProduct Design and Prototyping (APDAP)
CAPABILITY ENHANCEMENT FOR CAPABILITY ENHANCEMENT FOR R&D
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� National Institute of Design, Ahmedabad (NID) for EngineeringConsultancy Services.
� Setting-up of “Schools” for:
� Hydraulic & Power line systems
� Structures
� Stainless steel welding
� Electrical / Electronics
“MAKE IN INDIA”
R&D EXPENDITURER&D EXPENDITURE
60.00
70.00
80.00
90.00
100.00
Cro
re
% W R T TOTAL SALES
2.71%2.59%
2.68%2.87%
2.64%2.65%
The industry standard for Engineering Industry for R&D range between 2 to 3 % of sales. Source: Standard & Poor's Compustat, Englewood, Colorado, U.S.
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0.00
10.00
20.00
30.00
40.00
50.00
60.00
R&D 97.20 94.33 97.79 94.36 86.23 82.91
'09-10 10-11 11-12 12-13 13-14 14-15
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in
`̀̀̀C
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“MAKE IN INDIA”
PRODUCTS DEVELOPED BY
BEML R&D
� Mining & Construction
23“MAKE IN INDIA”
� Mining & Construction
� Defence
� Rail & Metro
BD355 WITH ELECTRONIC ENGINE & JOY
DOZERS BD65-1 DOZER
BD155 WITH ELECTRONIC ENGINE & BD355 WITH ELECTRONIC ENGINE & JOY
STICK CONTROL
“MAKE IN INDIA”
BD155 WITH ELECTRONIC ENGINE & ELECTRONIC TRANSMISSION
DUMPERS BH 100A DUMPER
Electrical drive dump trucks Designed & Developed First
time in INDIA
BH 150E DUMPER BH 205E DUMPER
“MAKE IN INDIA”
BH 150E DUMPER BH 205E DUMPER
Bagged the “Engineering Excellence Award2013” for “Best Engineering Marvel for SelfReliance and Public Choice Award”.
BE1800E - ELECTRICAL EXCAVATOR
FACE SHOVELGross HP : 2 x 300 kw@1500 rpmOperating Mass: 175000 kgBucket Capacity: 7.5 – 12.0 m³
BACKHOE Gross HP : 2 x 300 kw@1500 rpmOperating Mass: 170000 kgBucket Capacity: 8.0 – 12.0 m³
“MAKE IN INDIA”
PRODUCTS DEVELOPED
COMMAND POST VEHICLECRASH FIRE TENDER
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FIELD ARTILLERY TRACTOR (FAT) 6X6
PONTOON BRIDGE SYSTEM
MILRAIL COACHES
“MAKE IN INDIA”
BEML HEAVY DUTY HMV 8X8 VEHICLE
28“MAKE IN INDIA”
AIRCRAFT TOWING TRACTOR
BA28T
Applicable Aircraft : Air Bus A 300, 310, 330, A340 Def - MD-11F, IL -76
Take-off weight 300 ton max.
DEFENCE DEFENCE –– R&DR&D
ARRV – UNDER DESIGN &
SMERCH PROJECT –8X8 & 10x10
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ARRV – UNDER DESIGN & DEVELOPMENT IN ASSOCIATION
WITH CVRDE & ARMY
“MAKE IN INDIA”
RAIL & METRO RAIL & METRO –– R&D R&D
SS EMU
� “Raksha Mantri Award” for `Design Effort for Design Effort for design & development of Country’s first design & development of Country’s first
SUB-URBAN - TrainsS.G. CATENARY MAINTENANCE VEHICLE
FOR DMRC / MMOPL / DAMEPL
MAINTENANCE VEHICLES
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design & development of Country’s first design & development of Country’s first Stainless Steel Electric Multiple Unit (SSEMU)”Stainless Steel Electric Multiple Unit (SSEMU)”for Indian Railways for Sub-urban commuting.
� SS EMU also bagged the “Engineering Engineering Excellence Award 2013Excellence Award 2013” as “Public Choice Award”.
“MAKE IN INDIA”
INTERMEDIATE CARS FOR DMRC RS4 / RS6
“Raksha Mantri Award” for `Design Effort’ for Design Effort’ for design & development of Intermediate Carsdesign & development of Intermediate Cars.
METRO CARS
1200
1500
1800
SALES TURNOVER OF R&D DEVELOPED PRODUCTS
Value in `̀̀̀ Cr.
27%
32%
49%53%
Cro
re
% W R T TOTAL SALES 55%
0
300
600
900
SALES, R&D 959 713 1184 1604 1723 1711
'09-10 10-11 11-12 12-13 13-14 14-15
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20%
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in
`̀̀̀C
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“MAKE IN INDIA”
BUSINESS SCENARIO
32
SCENARIO
MINING & CONSTRUCTION
SCENARIO:
Coal production:
� Envisaged to increase from 0.5 billion ton to 1 billion ton in the next fiveyears and the Market scenario is expected to pick up.
� Underground Mining is also expected to catch up and improve.
Power:
� 12th Plan has a strategy to create a capacity of 90,000MW.
Infrastructure:
� During the 12th Plan period, India is planning to invest nearly `̀̀̀55 lakh� During the 12th Plan period, India is planning to invest nearly `̀̀̀55 lakhcrore (US$1 trillion) on Infrastructure.
Construction:
� NHAI plans to award 5,600-km highways contracts worth `̀̀̀50000 croreduring 2015-16.
Exports:
Target Markets: Africa, Middle East & SAARC Countries.
� With all the above M&C market is expected to improve.
33
DEFENCE BUSINESS
SCENARIO:
� Make in India:
� Focus on indigenous production.
� India's Defence production, during 12th Plan Period is aiming atbuilding an indigenous Defence industrial base.
� India to spend around Rs. 5,50,000 crore ($100~120 billion)during 12th plan period to buy Defence equipment and weapons.
34
� For the year 2015-16, the Budget envisages investment onVehicles to the tune of over `̀̀̀19000 crore.
� OFB Engagement: For aggregates for Fighting Vehicles.
� BDL Engagement: For full fledged Akash Missile less Warheadand Propellant.
� Opportunities exists for Mounted Gun Systems and Multi BarrelRocket Launchers.
RAIL & METRO
SCENARIO:� The 12th Plan has drawn plans for developing an efficient public
and freight transport system. An outlay of `̀̀̀ 5,19,221 crore hasbeen planned.
� Indian Rail Coach manufacturing is a perpetual business which ishowever, expected to graduate to Medium / High speed Coaches inthe days to come. Orders will be pursued.
� Sub-urban trains expected to graduate to Stainless Steel EMUs.
35
� Sub-urban trains expected to graduate to Stainless Steel EMUs.
� Opportunities also expected to emerge from DEMU, MEMU andACEMU trains.
� Maintenance equipment requirements expected to increase: TrackMaintenance equipment business would be pursued.
� An opportunity valuing `̀̀̀60,000 crore for metro cars Rolling stockenvisaged over next 10 years from various Metro projectsincluding Light Rail Metro from tier – II and tier – III cities.
THANK YOUTHANK YOU
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THANK YOUTHANK YOU