Inox Wind Ltd. · NSE:INOXWIND
Inox Wind — Q2 FY23 Earnings Presentation
24 slides from Inox Wind's earnings presentation, Dec 2, 2022
Slide 1: Cover letter to stock exchanges on earnings presentation
INOX Wind Limited Greening l ND lA Corporate Office: INOXGFLTowers, Plot No. 17, Tel: +91-120-6149600 1 contact@inoxwind.com CIN : L31901HP2009PLCO31083 Sector-16A, Noida-201301, Uttar Pradesh, India. Fax: +91-120-6149610 1 www.inoxwind.com IWL: NOI: 238: 2022 2nd December, 2022 The Secretary The Se
Slide 2: Inox Wind Limited Q2 FY23 Investor Update
INOX WIND LIMITED Q2 FY 23 INVESTOR UPDATE
Slide 3: Discussion Summary
DISCUSSION SUMMARY GROUP STRUCTURE & BUSINESS OVERVIEW OPERATIONAL HIGHLIGHTS STRATEGIC INITIATIVES WIND POWER INDUSTRY ORDER BOOK Actual image of 3.3 MW WTG erected WIND O&M BUSINESS at our Gujarat site FINANCIAL HIGHLIGHTS 2
Slide 4: Group Structure & Business Overview
GROUP STRUCTURE & BUSINESS OVERVIEW 3
Slide 5: Part of the strong Inox GFL Group
PART OF THE STRONG INOX GFL GROUP Established businesses and market leadership across verticals The Inox GFL Group with a legacy of more than 90 years is one of the largest business groups in India. The Group is a forerunner in diversified business segments comprising specialty chemicals, fluoropoly
Slide 6: Inox Wind, its holding company & subsidiaries
INOX WIND, IT’S HOLDING COMPANY & SUBSIDIARIES Inox Wind Energy Limited (IWEL) Promoter Entities 54.71%* Inox Wind Limited (IWL) 17.53%* 100%* 56.04%* Resco Global Wind Services Pvt Ltd Inox Green Energy Services Limited (IGESL) (RGSPL) Manufacturing Infrastructure (EPC) O&M Amongst the largest WT
Slide 7: Operational Highlights
OPERATIONAL HIGHLIGHTS WIND
Slide 8: Operational Highlights
OPERATIONAL HIGHLIGHTS Key Highlights: Successfully completed IPO of Inox Green (O&M subsidiary) and raised Rs. 740 crs. The prototype of newly launched 3.3 MW WTG is performing well and post the testing and certification, serial supplies will commence given the supply chain is already in place.
Slide 9: Strategic Initiatives
STRATEGIC INITIATIVES WIND
Slide 10: Strategic Initiatives - Monetization of assets and net debt free wind business
STRATEGIC INITIATIVES - A. MONETIZATION OF ASSETS AND MAKING WIND BUSINESS NET DEBT FREE Monetization of Assets The O&M business has been successfully monetized by way of an IPO amounting to Rs. 740 crs and with this the subsidiary Inox Green Energy Services Limited (IGESL) is now a listed entit
Slide 11: Strategic Initiatives - Product mix and product launch
STRATEGIC INITIATIVES - B. PRODUCT MIX AND PRODUCT LAUNCH Aiming to mitigate the EPC related risks by preferring for equipment Product Mix supply contracts over turn key contracts. and EPC More options to the customers: 2 MW & 3.3 MW turbines. Actual image of 3.3 MW WTG erected First 3.3 WTG h
Slide 12: Wind Power Industry – Witnessing Strong Revival
WIND POWER INDUSTRY – WITNESSING STRONG REVIVAL 11
Slide 13: Wind Sector: Gaining Strength
WIND SECTOR : GAINING STRENGTH Wind Power - Installations Wind Power - Auctions A uc t io n P e rio d V o lum e (M W) Y e a rly V o lum e s ( M W) SECI 1– SECI 3 Feb’17 – M ar’ 18 4050M W State A uctio ns Feb’17 – M ar’ 18 1500M W F Y 18 : 5 5 5 0 M W SECI 4 A pr-18 2000M W NTP C A ug-18 1200M W SEC
Slide 14: Strong Revival of Wind Sector and Significant Market Opportunities
STRONG REVIVAL OF WIND SECTOR AND SIGNIFICANT MARKET OPPORTUNITIES There is a major thrust on renewables across the globe. A key takeaway from the Russia-Ukraine war, is that countries across the globe are working on energy security (uninterrupted availability of energy sources at an affordable pr
Slide 15: Strong Revival of Wind Sector and Significant Market Opportunities
STRONG REVIVAL OF WIND SECTOR AND SIGNIFICANT MARKET OPPORTUNITIES Leading Indian companies, like Adani, JSW, Reliance, Renew and Sembcorp amongst others, have announced ambitious plans for setting up RE capacity over the next few years. They have cumulatively announced setting up RE capacity in e
Slide 16: IWL – Order Book & Manufacturing Capacity
IWL – ORDER BOOK & MANUFACTURING CAPACITY 15
Slide 17: Order Book
ORDER BOOK Particulars Order Capacity (MW) SECI Orders 550.0 NTPC Orders 350.0 LOI for 3.3 MW WTG from Adani 501.6 Agreement signed with leading MNC for 3.3 MW 23.1 Total* 1424.7 * Gross order book Above order book is expected to translate into revenues of ~Rs. 7500 crores over the next ~ 24 months.
Slide 18: Manufacturing Capacity
MANUFACTURING CAPACITY CURRENT CAPACITY (MW) Una, Barwani, Rohika, Plant Location Himachal Madhya Total Gujarat Pradesh Pradesh Nacelles & Hubs 1,100 - - 1,100 Blades - 800 800 1,600 Towers - 300 300 600 Well positioned to take advantage of the growing market. Potential to debottleneck our nacel
Slide 19: Wind O&M Business – Emerging into a Growth Driver
WIND O&M BUSINESS – EMERGING INTO A GROWTH DRIVER 18
Slide 20: O&M Business – Monetized and Poised for Inorganic Growth
O&M BUSINESS – MONITIZED AND NOW POISED FOR INORGANIC GROWTH Inorganic Growth 12,946 9,793 6,982 The O&M business of inactive players provide a significant 3,196 2,760 opportunity for the Company 2,004 for Inorganic Growth; 1,174 357 Leverage on both our and our Suzlon Siemens Vestas Inox RRB Energy
Slide 21: O&M Business – Organic and Inorganic Growth
O&M BUSINESS – MONITIZED AND NOW POISED FOR ORGANIC AND INORGANIC GROWTH A. Organic Growth: The execution of orders by Inox Wind shall lead to a firm addition to the existing fleet of ~ 3GW. Pricing Reset: Pricing of O & M contracts be it shared services or comprehensive are reset at the time
Slide 22: IWL – Consolidated Financial Highlights
IWL – CONSOLIDATED FINANCIAL HIGHLIGHTS 21
Slide 23: Financial Highlights Consolidated Un-audited Income Statement
FINANCIAL HIGHLIGHTS CONSOLIDED UN-AUDITED INCOME STATEMENT Inox Wind Limited Rs. Lakhs Statement of Consolidated Unaudited Financial Results For Quarter and Half year Ended 30 September 2022 Quarter Ended Half Year Ended Year Ended Particulars 30.09.2022 30.06.2022 30.09.2021 30.09.2022 30.09.2021
Slide 24: Thank You
THANK YOU Jitendra Mohananey Group Financial Controller Contact No: 0120 6149600 Email : Investors.iwl@inoxwind.com 23