Suzlon Energy Ltd · NSE:SUZLON
Suzlon Energy — Q1 FY2022 Earnings Presentation
20 slides from Suzlon Energy's earnings presentation, Aug 13, 2021
Slide 1: Suzlon Energy Limited Investor Presentation Q1 FY 2021-22
Suzlon Energy Limited Investor Presentation Q1, FY 2021-22 13 August 2021
Slide 2: Disclaimer
Disclaimer • This presentation and the accompanying slides (the “Presentation”), which have been prepared by Suzlon Energy Limited (the “Company”), have been prepared solely for information purposes and DOES not constitute any offer, recommendation or invitation to purchase or subscribe for any secu
Slide 3: Suzlon Overview
Suzlon Overview 18,800+ MW 18 Countries No.1 in India’s Installed Wind Energy Capacity Presence Renewable Sector 5,450+ 1,800+ ~33% Workforce Customers Globally Cumulative Market Share in India as on 31st Mar’21 3
Slide 4: End to End Strategy Clearly Defined
End to End Strategy Clearly Defined A Wind Resource Assessment G B Life Cycle Asset Management 1. Large network of Met masts 2. Data collection for potential sites Land Acquisition and Approvals 1. Long Term comprehensive OMS offering 1. Acquisition of land 2. Experienced manpower 2. Statutory appro
Slide 5: Key Updates for Q1FY22
Key Updates for Q1FY22 Continuity of orders from customers demonstrate Suzlon’s strength in product and technology - RR of 116 MW done in Q1FY22 ; order book of 978.2 MW as on 30th June’21 Service business delivered good performance to customers despite Covid Continue to maintain tight control
Slide 6: Financial Performance, Industry Outlook, Technology
Financial Performance Industry Outlook Technology Suzlon Strengths Detailed Financials 6
Slide 7: Q1 FY22 Consolidated Financial Metrics
Q1 FY22 Consolidated Financial Metrics (₹ Cr.) Q1 FY22 Q1FY21 Particulars Unaudited Unaudited Net Revenue 1,135 513 Gross Profit 488 356 Gross Margin 43.0% 69.5% Employee Expenses 122 159 Other Expenses (net) 167 80 Exchange Loss / (Gain) 46 26 EBITDA 154 91 EBITDA Margin 13.6% 17.7% Depreciation 58
Slide 8: Wind Order Book (As on 30th June 2021)
Wind Order Book (As on 30th June 2021) Capacity Particulars Remarks (MW) Central Auctions 806.4 All orders are backed by signed PPAs. The order book comprises of orders from State Auctions/PSU 56.7 marquee customers such as Adani group, CLP and Enel Group. Captive/Retail 115.1 Wind Firm Order Book 9
Slide 9: Industry Outlook
Financial Performance Industry Outlook Technology Suzlon Strengths Detailed Financials 9
Slide 10: Enhanced Government Focus
Enhanced Government Focus High Priority for Renewables and Wind Atmanirbhar Bharat Make in India 10
Slide 11: Renewables driven by Wind & Solar have begun to outstrip Thermal power installations
Renewables driven by Wind & Solar have begun to outstrip Thermal power installations Renewables (Wind and Solar) is already 2nd largest source of power Renewables helping the country to be ATMANIRBHAR in power supply As on 30th June 21 46.32, 6.78, All Nos. in 12.1% 1.8% GW • Renewables power source
Slide 12: Key Industry Updates
Key Industry Updates • National Electricity Policy revision draft under process • Gujarat Wind Power Policy 2016 extended till 31st March 2022 • MNRE issued OM mentioning that COVID-19 extension to be given for all projects scheduled after 1st Apr 2021 due to second wave. Period of Disruption 1st Ap
Slide 13: Challenges
Challenges • Competitive bidding regime and reverse auction have led to low tariffs which in turn has squeezed OEM margins & IPP returns • Sharp increase in steel prices by 73.8 % in last one year (From 1st July ’20 – 30th June’21) • Slow pace of power evacuation infra development • Supply chain iss
Slide 14: Technology
Financial Performance Industry Outlook Technology Suzlon Strengths Detailed Financials 14
Slide 15: Products Optimized for Market Demand
Products Optimized for Market Demand S111‐140 S120‐140 S133‐140 2.1 MW 2.1 MW 2.6 MW‐ 3.0 MW (product series) Proto Commissioned Aug’17 Proto Status Date Proto Status Date S120-105 Commissioned Jun ’18 S133-105 Commissioned Aug ’19 S120-140 Commissioned Dec’18 S111-140 S120 S133 ~5-6% ~6-7% ~23-26%
Slide 16: Suzlon Strengths
Financial Performance Industry Outlook Technology Suzlon Strengths Detailed Financials 16
Slide 17: Suzlon's Strengths in Indian Wind Energy Market
Suzlon’s Strengths in Indian Wind Energy Market Full Turnkey Solution Provider Pan India Presence Technology Strong Customer Leadership Relationship Best In Class Service 26 Years Track Capabilities Record End-to-end service provider with strong presence across value chain & customer segments 17
Slide 18: Detailed Financials
Financial Performance Industry Outlook Technology Suzlon Strengths Detailed Financials 18
Slide 19: Consolidated Income Statement
Consolidated Income Statement (₹ Cr.) Q1FY22 Q4 FY21 Q1FY21 FY21 Particulars Unaudited Unaudited Unaudited Audited Revenue from operations 1,135 1,120 513 3,295 Less: COGS 647 606 157 1,577 Gross Profit 488 514 356 1,717 Margin % 43.0% 45.9% 69.5% 52.1% Employee benefits expense 122 122 159 553 Othe
Slide 20: Thank You!
20 SUZLON POWERING A GREENER TOMORROW