Waaree Renewable Technologies Ltd · NSE:WAAREERTL
Waaree Renewable Technologies — Q4 FY24 Earnings Presentation
25 slides from Waaree Renewable Technologies's earnings presentation, May 10, 2024
Slide 1: Waaree Renewable Technologies Limited
Execution with Pace & Comfort May 10, 2024 BSE Limited Corporate Relationship Department 1st Floor, P.J. Towers, Dalal Street Mumbai 400 001 BSE SCRIP CODE: 534618 Subject: Investors / Earnings Presentation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 20
Slide 2: Investor Presentation | Q4 & FY24
Investor Presentation | Q4 & FY24
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Waaree Renewable Technologies Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe
Slide 4: Group Overview
WAAREE |RTL Execution with Pace & Comfort Group Overview
Slide 5: Vertically Integrated with Global Operations
Vertically Integrated with Global Operations 12 GW Module 6 GW+ 32 Years of Capacity & 5.4 GW Modules Supplied Industry Experience Cell Capacity by FY24 Globally TIER 1 Solar Module #1 Indian Module Products Exported in Manufacturer Manufacturer* 68+ Countries 10,000+ Projects in 1.5+ GW Projects En
Slide 6: Technologically Advanced End To End Solar Solutions
Technologically Advanced End To End Solar Solutions Module Mounting Solar Modules EPC Services Structures Rooftop Solutions Floating Solar On Grid Inverters Energy Storage Off Grid Inverters Lithium-Ion Batteries Solutions Solar Products, Water Solar Thermal Solutions Solar Partners Pump & Streetlig
Slide 7: Marquee Clients
Marquee Clients WAAREE |RTL Execution with Pace & Comfort Q Reliance _— ArcelorMittal ) bf ADITYA BIRLA GROUP © Mondeléz, International os Sd aN ISM Tumreo NS fy Solutions You Can Trust en Mono Stee! SHARADA Industries Limited JINDAL m CONTINUUM STEEL & POWER a, EBA oe ss MSL Influence. Impact. ¥ MT
Slide 8: Company Overview
WAAREE |RTL Execution with Pace & Comfort
Slide 9: Unique Propositions
Unique Propositions CUSTOMER CONNECT NETWORK QUALITY CERTIFICATION INNOVATION Strong Customer base of Strong & Proven Network with ISO 9001:2015 certificate Consistent Introduction of new respected industrial all stakeholders/authorities with received for Quality technologies & Innovative House/Comp
Slide 10: EPC Accomplishments
EPC Accomplishments 01 02 03 04 05 50+ MW 2,365 MWp 1.9+ GW 270+ MW 500+ MW ( More Than 400 Project ) Project site under Execution (More Than 50 Projects) Ground (08 Projects) Ground O&M Portfolio of solar Roof Top Mounted Mounted in INDIA and Mounted under IPP & Solar power plant assets Internation
Slide 11: Our Growth Strategy
Our Growth Strategy Achieve higher growth in the EPC segment o Evaluating opportunities in both international and domestic markets to secure more EPC contracts o Participating in government and private bidding process o Ecosystem of renewable energy from module to storage helps win clients Expand in
Slide 12: Board of Directors
Board of Directors Mr. Nilesh Bhogilal Gandhi Mr. Pujan Pankaj Doshi Mr. Hitesh Pranjivan Mehta Mr. Viren Chimanlal Doshi Chairman & Non-Executive Independent Director Managing Director Executive Director Executive Director He holds a Bachelor's degree in Commerce, an LLB, and an He holds a BE in In
Slide 13: Key Managerial Personnel
Key Managerial Personnel Mr. Ravikesh Singh Mr. Rajiv Agrawal Mr. Dilip Panjwani Ms. Heema Shah Chief Operating Officer-EPC Chief Sales Officer Chief Financial Officer Company Secretary & Compliance Officer He holds a B. Tech in Electrical Engg & Post Graduate He holds a B.E in Electrical & Electron
Slide 14: Strong Progress Towards Sustainability Ambitions
Strong Progress Towards Sustainability Ambitions
Slide 15: Sustainability Roadmap
Sustainability Roadmap Operation & Maintenance Expand the O&M portfolio in order to ensure the efficient functioning of our assets. Order Execution Cutting-edge R&D Refined management Establishing strong technical processes to execute projects knowhow by building cutting on time or ahead of schedule
Slide 16: Key Order Wins
Key Order Wins Engineering, Procurement and Construction (EPC) works of a solar power project o 980 MWp Ground Mounted solar power project (Order won in Q4FY24) o 450 MWp Ground Mounted solar power project (Order won in Q4FY24) o 412 MWp Ground Mounted solar power project (Order won in Q4FY24) o 4 M
Slide 17: Advanced Operation & Maintenance
Advanced Operation & Maintenance Our O&M Advantage o Over 500+ MWp O&M Portfolio of solar power plant assets o Achieved 99%+ of plant available time and 80%+ of PR for the asset under management o Leveraging tech-based data analytics, technical audits, consulting and R&D to improve overall plant eff
Slide 18: Key Ongoing Projects
Key Ongoing Projects 295.68MWp Ground Mounted project at 210 MWp Ground Mounted project at Kurnool, Andhra Pradesh Khandwa 6.5MWp Ground Mounted Project at 70MWp Ground Mounted project at 150MWp Ground Mounted project at Raigarh, Chhattisgarh Jalna Ratlam, Madhya Pradesh 154MWp Ground Mounted projec
Slide 19: Performance Highlights FY24
Performance Highlights FY24
Slide 20: Solid Performance in FY24
Solid Performance in FY24 (Consolidated) Revenues EBITDA PAT Rs. 876.44 Crs +149.73% Rs. 207.18 Crs +147.40% Rs. 148.04 Crs +167.55% YoY change YoY change YoY change Unexecuted Order Book Successfully executed orders of Revenue from O&M 2,365 MWp 704 MWp Rs. 10.42 Crs 19
Slide 21: Key Financial Highlights
Key Financial Highlights (Consolidated) (₹ in Cr) Revenue EBITDA & EBITDA Margin PAT & PAT Margin 36.25% 27.56% 19.96% 19.83% +344.38% +237.83% +341.41% 273.25 75.30 54.18 22.29 61.49 12.28 Q4FY23 Q4FY24 Q4FY23 Q4FY24 Q4FY23 Q4FY24 Revenue EBITDA & EBITDA Margin PAT & PAT Margin 23.86% 23.64% 15.77%
Slide 22: Consolidated Income Statement
Consolidated Income Statement Particulars (₹ Crs) Q4FY24 Q4FY23 Y-o-Y FY24 FY23 Y-o-Y Revenue from Operations 273.25 61.49 876.44 350.96 Total Revenue 273.25 61.49 344.40% 876.44 350.96 149.73% Cost of EPC contract 190.04 34.84 644.90 252.96 Employee Expenses 4.97 2.58 17.30 9.78 Other Expenses 2.94
Slide 23: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹ Cr) FY24 FY23 Shareholders' Funds 232.03 85.00 Non-Current Liabilities 49.93 46.19 Current Liabilities 432.06 151.48 Total Liabilities 714.02 282.68 Fixed Assets 159.63 154.49 Other Non- Current Assets 4.05 0.64 Current Assets 550.34 127.55 Total Assets 714.
Slide 24: Consolidated Cash Flow
Consolidated Cash Flow Particulars (₹ Cr) FY24 FY23 Net Cash Inflow / (Outflow) from Operating Activities 126.80 65.15 Cash Flow from Investing Activities -113.98 -65.96 Cash Flow from Financing Activities -6.48 -9.20 Net increase/ (decrease) in Cash & Cash equivalent 6.34 -10.01 Cash and cash equiv
Slide 25: Thank You
For further information, please contact: Company : Investor Relations Advisors : Waaree Renewable Technologies Ltd. Orient Capital (a division of Link Group) Thank You CIN: L93000MH1999PLC120470 Mr. Nikunj Jain +91 9769060608 Mr. Rohit Wade nikunj.jain@linkintime.co.in GM – Investor Relations Mr. Vi
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