Sterling And Wilson Renewable Energy Limited · NSE:SWSOLAR
Sterling And Wilson Renewable Energy — Q3 FY24 Earnings Presentation
16 slides from Sterling And Wilson Renewable Energy's earnings presentation, Jan 18, 2024
Slide 1: Exchange filing cover letter for investor presentation
January 18, 2024 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street Bandra Kurla Complex Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scrip Code: 542760 Symbol: SWSOLAR Sub.: Investor presentation on the Unaudited Standalone and Consolidate
Slide 2: The future of solar energy is Bright
The future of solar energy is Bright STERLING AND WILSON RENEWABLE ENERGY LIMITED Investor Presentation – 3Q FY24 18 Jan 2024
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Sterling and Wilson Renewable Energy Limited (the “Company”), have been prepared solely for information purposes and is not a prospectus, disclosure document, placement document or other offeri
Slide 4: About Us
About Us | WHO WE ARE Leading Solar EPC and O&M Solutions Provider Market Leader Leading Solar EPC We offer Design, Detailed Engineering, Procurement, Construction, Installation, solutions provider in Commissioning and Operations & Maintenance services under turnkey EPC and BoS the world (Balance of
Slide 5: Journey
Journey | A GLOBAL LEADER IN SOLAR EPC IN 8 YEARS 2018 2022 Expanded operations in Reliance New Energy 2016 Australia by acquiring a 2020 acquired 40% stake in controlling stake in GCO Sterling and Wilson Diversified into Ranked 2nd largest O&M Electrical Pty Ltd Renewable Energy Limited Rooftop Sol
Slide 6: Why Us
Why Us | WHAT DIFFERENTIATES US Cost Effective Leveraging the Low-Cost India Base for global execution providing cost Expeditious competitive solutions Quick Decision Making & well-defined internal processes leading to timely execution Global Presence One of the only Global Pure-Play Solar EPC playe
Slide 7: Our Presence
Our Presence | ACROSS THE GLOBE UK Kazakhstan Spain Jordan Italy USA USA Egypt Vietnam 455 MWp Morocco UAE Saudi Arabia Thailand Mexico MENA Mali 1,962 MWp Oman Philippines India Nigeria India Kenya 10,043 MWp Tanzania Zambia Singapore Namibia Southeast Asia Latin America 323 MWp 575 MWp Chile Argen
Slide 8: Financial Highlights
Financial Highlights | 3Q FY 2024
Slide 9: Key Highlights for 3Q FY24
Financials | KEY HIGHLIGHTS FOR 3Q FY24 • Company has received new orders / LOIs in five projects worth • The company has significantly de-leveraged the balance sheet ~INR 2,421 crore during the quarter including being declared L1 during the quarter aided by for one of the largest floating solar mod
Slide 10: Consolidated Profit & Loss – 3Q FY24
Financials | CONSOLIDATED PROFIT & LOSS – 3Q FY24 INR Crore Q3FY24 Q3FY23 Q2FY24 FY2023 INR Crore Q3FY24 Q2FY24 Q1FY24 FY2023 Revenue from Operations 583 410 759 2,110 Revenue from Operations Gross Margin 65 (30) 66 (651) - International EPC 56 141 159 1,400 - Domestic EPC 470 567 308 516 Gross Marg
Slide 11: Consolidated Balance Sheet – 3Q FY24
Financials | CONSOLIDATED BALANCE SHEET – 3Q FY24 INR Crore Dec-23 Sep-23 Breakdown of Net Debt (INR Crore) Dec-23 Sep-23 Sources of Funds Cash and Bank Balances (550) (99) Shareholders Funds 982 (415) Add: Term debt 428 1,418 Borrowings from Banks (net) 27 2,079 Add: Working capital related debt -
Slide 12: Domestic EPC Momentum Gaining Traction
Outlook | DOMESTIC EPC MOMENTUM GAINING TRACTION India Order Inflow • LOI for Module + BOS package of ~375 MW DC in 2QFY24 INR Cr 5,000 4,515 4,387 4,000 3,000 • Received new BOS order of ~530 MW DC in 3QFY24 2,000 1,000 713 • Received new BOS order of ~140 MW DC in 3QFY24 0 FY22 FY23 9MFY24 • GIPCL
Slide 13: International Order Signed
Outlook | INTERNATIONAL ORDER SIGNED • SWREL bagged its first international order in 3 years with a BOS package for a 221 MWdc project in Spain • Through this project, SWREL has achieved a key breakthrough in the European solar market • The scope of work includes design, engineering, supply (excludi
Slide 14: MOU Announced in FY23
Outlook | MOU ANNOUNCED IN FY23 • Sterling and Wilson Solar Solutions, Inc (SWSS), the US step down subsidiary signed a MOU with the Government of the Federal Republic of Nigeria, along with its consortium partner Sun Africa in September 2022 • MOU is for the development, design, construction, and c
Slide 15: Order Book & Pipeline
Outlook | ORDER BOOK & PIPELINE Unexecuted Order Value Movement Gross UOV as on 17 January 2024 Europe +5,527 -1,701 11.3% Australia, 0.9% 8,750 +10 4,913 India, 87.4% UOV as on 31 Mar Forex adjustments Order inflow Projects executed UOV as on 17 Jan 2023 in 9MFY24 2024 India Solar EPC bid pipeline*
Slide 16: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : Sterling and Wilson Renewable Energy Limited Strategic Growth Advisors Private Limited CIN: L74999MH2017PLC292281 CIN: U74140MH2010PTC204285 Mr Sandeep Mathew Mr Jigar Kavaiya / Mr. Parin Narichania Head – Investor Rela
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