Slide 1: Earnings presentation filing letter to BSE and NSE
IMQX Wind Limited Greening l Ed B lA Corporate Office: INOXGFL Towers, Plot No.17, Tel: +91-120-6149600 1 contact@inoxwind.com ClN : L31901 HP2009PLC031083 Sector-?6A, Noida-201301, Uttar Pradesh, India. Fax: +91-120-6149610 1 www.inoxwind.com lot11 February, 2023 The Secretary The Secretary BSE Lim
Slide 2: Inox Wind Limited Q3 FY23 Investor Update
INOX WIND LIMITED Q3 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 Energy Services Ltd (IGESL - O&M subsidiary) and raised Rs. 740 crs. The Company is listed on BSE and NSE. Various strategic actions have been completed to strengthen the balance sheet and get the operations back to
Slide 9: Operational Highlights
OPERATIONAL HIGHLIGHTS Key Highlights: Completed the commissioning of 50 MW Nani Virani SPV. This SPV will be down sold, which will result in further deleveraging of wind business to the extent of ~Rs. 200 crs and return of equity invested to the tune of ~ Rs. 100 crs. CRISIL has upgraded the ra
Slide 10: Strategic Initiatives
STRATEGIC INITIATIVES WIND
Slide 11: Strategic Initiatives - A. Planned and Current Status
STRATEGIC INITIATIVES - A. PLANNED AND CURRENT STATUS Initiatives Current Status Monetization of O&M Completed. The listing of O&M Company, IGESL took place in the month of Nov., 2022. Proceeds inter alia used to Assets pare debt and deleverage balance sheet. Promoters’ infusion for Completed. The P
Slide 12: Strategic Initiatives - B. Product Mix and Product Launch
STRATEGIC INITIATIVES - B. PRODUCT MIX AND PRODUCT LAUNCH Product Mix and EPC: Aiming to mitigate the EPC related risks by preferring for equipment supply contracts over turn key contracts. More options to the customers: 2 MW & 3.3 MW turbines. Actual Product Launch: image of 3.3 MW WTG Th
Slide 13: Wind Power Industry – Witnessing Strong Revival
WIND POWER INDUSTRY – WITNESSING STRONG REVIVAL 12
Slide 14: Strong Revival of Wind Sector and Significant Market Opportunities
STRONG REVIVAL OF WIND SECTOR AND SIGNIFICANT MARKET OPPORTUNITIES.. Strong Policy push by Government of India – 8 GW wind power projects every year till 2030: The Govt. of India recently has announced the policy to invite bids for 8 GW wind power projects every year from 2023 to 2030. The ten
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 350.0 NTPC Orders 350.0 LOI for 3.3 MW WTG from Adani 501.6 Retail and Others 29.1 Total 1230.7 Less: Supplied 52.0 Net Order book as on date 1178.7 Above order book is expected to translate into revenues of ~Rs. 6400 crores over the next ~ 24 m
Slide 18: Manufacturing Capacity
MANUFACTURING CAPACITY CURRENT CAPACITY (MW) Una, Barwani, Bhuj, Rohika, Plant Location Himachal Madhya Total Gujarat Gujarat Pradesh Pradesh Nacelles & 1,100 800 - - 1,900 Hubs Blades - 800 800 1,600 Towers - 300 300 600 Well positioned to take advantage of the growing market. Potential to debo
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 Now Poised for Inorganic Growth
O&M BUSINESS – MONETIZED 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 3,034* opportunity for the Company 2,004 for Inorganic Growth; 1,174 357 Leverage on both our and our Suzlon Siemens Vestas Inox RRB Energ
Slide 21: O&M Business – Monetized and Poised for 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 Un-audited Income Statement
FINANCIAL HIGHLIGHTS UN-AUDITED INCOME STATEMENT Rs. Lakhs Financial Highlights: Consolidated Operational Financials (excluding exceptional item): There is a substantial increase in the revenue on Q on Q and YoY basis due to ramp up in supplies. Revenue from Operations and EBITDA (excluding exce
Slide 24: 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 Nine Months Ended 31 December 2022 Quarter Ended Nine Months Ended Year Ended Particulars 31.12.2022 30.09.2022 31.12.2021 31.12.2022 31.12.20
Slide 25: Thank You
THANK YOU Jitendra Mohananey Group Financial Controller Contact No: 0120 6149600 Email : Investors.iwl@inoxwind.com 24