Slide 1: Exchange filing cover letter: Earnings Presentation
INOX Wind Limited Greening l N D l A Corporate Office: INOXGFL Towers, Plot No. 17, Tel: +91-120-6149600 1 contactQinoxwind.com CIN : L31901HP2009PLCO31083 Sector-16A, Noida-201301, Uttar Pradesh, India. Fax: +91-120-6149610 1 www.inoxwind.com -- - - -. 3rdMay, 2024 The Secretary The Secretary BSE L
Slide 2: Inox Wind Limited Q4 & FY24 Results Presentation
INOX WIND LIMITED Q4 & FY24 RESULTS PRESENTATION MAY 2024 1
Slide 3: Contents
CONTENTS 1. KEY HIGHLIGHTS FOR THE QUARTER 2. GROUP OVERVIEW 3. INOX WIND – COMPANY OVERVIEW 4. IGESL – WIND O&M BUSINESS – STABILITY WITH GROWTH 5. MACRO ENVIRONMENT ENTAILS SIGNIFICANT WIND CAPACITY ADDITION OVER THE NEXT DECADE 6. Q4 & FY24 EARNINGS UPDATE 2
Slide 4: Key Highlights of the Quarter
KEY HIGHLIGHTS OF THE QUARTER 3 MW WTG execution boosts Inox Wind’s EBITDA to Rs 140 cr and profit after tax to Rs 38 cr 129 MW execution in Q4 FY24 Bagged the single largest contract awarded to an Indian Wind OEM till date from CESC for 1,500 MW in Feb’24 Received an order for 210 MW, a repeat
Slide 5: Group Overview
GROUP OVERVIEW 4
Slide 6: INOXGFL Group – A US$ 8 Bn Indian Conglomerate
INOXGFL GROUP – A US$ 8 BN INDIAN CONGLOMERATE INOXGFL Group, with a legacy of over 90 years, is one of the largest business Groups in India. It is a forerunner in diversified business segments comprising fluoropolymer, fluorochemicals, battery chemicals, wind turbines and renewables. The Group curr
Slide 7: Inox Wind – Company Overview
INOX WIND – COMPANY OVERVIEW 6
Slide 8: A Complete Wind Solutions Provider
A COMPLETE WIND SOLUTIONS PROVIDER Fully integrated wind energy player providing end-to-end solutions – from conception to commissioning to O&M Healthy Balance sheet Strong operational track record of ~13 years and manufacturing capacity of >2.5GW across 4 facilities Technologically ready Amongst th
Slide 9: What Sets Us Apart – 5 Pillars of Strength
WHAT SETS US APART – 5 PILLARS OF STRENGTH Strong Group Robust Exceptional Turnkey Diversified Technological Pedigree creditworthiness Capabilities Orderbook Prowess • Strong backing of • One of the • One of India’s • Robust orderbook • Manufacturing & the US$ 8 bn strongest balance largest Wind of
Slide 10: FY24 – A Year of Turnaround
FY24 – A YEAR OF TURNAROUND Future Q1FY24 Q2FY24 Q3FY24 Q4FY24 quarters 3MW WTG Substantial IWL turns EBITDA IWL posts cash IWL posts profits supplies boosts growth in positive profit profits profitability Raised ~ Rs 1,300 cr from marquee global equity Secured supply chain and significantly ramped
Slide 11: 2024 & Beyond – Superlative Growth Opportunities
2024 & BEYOND – SUPERLATIVE GROWTH OPPORTUNITIES Macro: Government’s wind capacity addition plans of ~ 100GW over the next decade – a massive opportunity Order intake: Multiple order inflows expected across PSUs, IPPs and C&I customers • Bidding in large PSU orders • Multiple IPP & C&I orders in the
Slide 12: Robust Unexecuted WTG Order Book of 2.7GW
ROBUST UNEXECUTED WTG ORDER BOOK OF 2.7GW ORDER BOOK BREAK UP* ORDER BOOK MOVEMENT (MW)* Equipment Supply, 890 MW Turnkey, 1,766 MW Retail, 84 MW Central/State, 669 MW Unexecuted order book currently stands at 2.7 GW providing a large revenue visibility C&I/Captive, 1,903 MW * Orderbook excludes LoI
Slide 13: Shareholding Pattern – Inox Wind
SHAREHOLDING PATTERN – INOX WIND List of top Institutional Shareholders Name Retail Investors, Others, 2% 12% Nippon Life India Mutual Fund Samena Green Capital Research Global Investors Domestic ICICI Prudential Mutual Fund Institutional Investors, 20% Motilal Oswal AMC Promoters, 53% Vanguard Okow
Slide 14: IGESL – Wind O&M Business – Stability with Growth
IGESL – WIND O&M BUSINESS – STABILITY WITH GROWTH 13
Slide 15: IGESL – A Compelling Growth Story
IGESL – A COMPELLING GROWTH STORY Provides comprehensive O&M Solutions for WTG and common infrastructure O&M through long-term contracts of 5-20 years Presence across India with an established track record of >10 years and portfolio of >3.2 GW of O&M assets Targeting to reach 6 GW portfolio by
Slide 16: IGESL – O&M Business Poised for Growth
IGESL – O&M BUSINESS POISED FOR GROWTH Inorganic growth prospects# 12,946 9,793 O&M business of inactive/stressed players maintaining ~10GW of 6,982 capacity provides a significant opportunity for IGESL’s inorganic growth. Majority of this fleet is across retail customers 3,208 3,196 Leveraging both
Slide 17: Macro Environment Entails Significant Wind Capacity Addition Over the Next Decade
MACRO ENVIRONMENT ENTAILS SIGNIFICANT WIND CAPACITY ADDITION OVER THE NEXT DECADE 16
Slide 18: Renewable Energy in India – At an Inflection Point
RENEWABLE ENERGY IN INDIA – AT AN INFLECTION POINT India’s Renewable Energy Capex required for ~ 440 installed capacity target by 596 GW GW of RE capacity addition ~ Rs 28 trn 2032 as per NEP over 2022-32 Capex required for ~ 311 GW of India Solar Installed Capacity target by 2032 as per the NEP 365
Slide 19: India Is on Track to Reach Its 2030 Renewables Targets
INDIA IS ON TRACK TO REACH ITS 2030 RENEWABLES TARGETS 50 GW Renewables Capacity was awarded in FY24 Solar >32 GW As per the recent statements by the Union Power and Renewable Energy Minister Shri R. K. Singh, India is well Renewable Energy 50 on track w.r.t. its 2030 targets with Capacity Awarded W
Slide 20: IWL – Q4 & FY24 Financials
IWL- Q4 & FY24 FINANCIALS i - <GFL
Slide 21: Key Financials - Audited Consolidated Income Statement
KEY FINANCIALS - AUDITED CONSOLIDED INCOME STATEMENT Figures in Rs crores Quarter Ended Financial Year Ended Particulars 3/31/2024 12/31/2023 3/31/2023 3/31/2024 3/31/2023 a) Revenue from operation (net of taxes) 528 503 191 1,743 733 b) Other Income 35 3 3 56 21 Total Income from operations (net) 5
Slide 22: Key Financials - Audited Consolidated Balance Sheet
KEY FINANCIALS - AUDITED CONSOLIDED BALANCE SHEET Figures in Rs crores As at 31 March 2024 As at 31 March 2023 As at 31 March 2024 As at 31 March 2023 Particulars Particulars (Audited) (Audited) (Audited) (Audited) ASSETS Equity (1 ) Non-current assets (a) Equity Share capital 326 326 (a) Property,
Slide 23: Thank You
THANK YOU Investor Relations Contact No: +91 120 614 9600 Email : Investors.iwl@inoxwind.com Follow us on Social Media: This presentation and the related discussions may contain “forward looking statements” by Inox Wind Limited (“IWL” or “the Company”) that are not historical in nature. These forwar