Ge Power India Ltd. · NSE:GVPIL

Ge Power India — FY2021-22 Earnings Presentation

16 slides from Ge Power India's earnings presentation, May 30, 2022

  1. Slide 1: Cover letter to stock exchanges for earnings call presentation

    GE Power India Limited CIN-L74140MH1992PLC068379 Corporate Office: Axis House, Plot No 1-14, Towers 5 & 6, Jaypee Wish Town, Sector 128 Noida Uttar Pradesh - 201301 T +91 0120 5011011 F +91 0120 5011100 www.ge.com/in/ge-power-india-limited 30 May 2022 To, To, The Manager Listing, The Manager Listing

  2. Slide 2: GE Power India Limited Earnings presentation FY2021-22 and Q4 2021-22 Results

    GE POWER INDIA LIMITED Earnings presentation FY2021-22 and Q4 2021-22 Results Disclaimer • This presentation has been prepared solely for the use at analyst/ investor presentation. By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound

  3. Slide 3: Agenda

    Agenda • Safety update • Executive Summary – Q4 and FY 2021-22 • Financials • Summary • Q&A ©©2022 2022GE GEPower Power India Limited- All India Limited - All rights rights reserved reserved 2

  4. Slide 4: Safety update

    Safety update 51st National Safety Day’22 celebrated across all sites GEPIL EHS PERFORMANCE-12MR Fatalities 0 GOING BEYOND BOUNDARIES initiative taken at Unchahar FGD site Total Hours 25M worked Simhadri FGD site won the Bronze award in CII EHS Excellence award Lifting Operations Observance month an

  5. Slide 5: Executive Summary Q4 2021-22

    Executive Summary Q4 2021-22 Q4 FY 2021-22 vs Q4 FY 2020-21 • Steam Services order intake higher by 36% • Project orders delayed • Steam Services revenue sustained at same levels • In projects business substantial lower revenue • Negative profitability driven primarily by lower project volume; exter

  6. Slide 6: Executive Summary FY 2021-22

    Executive Summary FY 2021-22 • Steam Services business grew 17% in revenues and stable orders with better margins, despite Q2 COVID impact • Slow order intake in projects due to market factors including gov’t regulations • Continue to run down Boiler backlog, revenue down due to lower project order

  7. Slide 7: Driving towards a better business mix: Full Year

    Driving towards a better business mix: Full Year New build vs Services EPC vs non-EPC Govt. vs Private 100% 10% 16% 32% 45% 41% 100% 90% 84% 68% 55% 59% 2020-21 2021-22 2020-21 2021-22 2020-21 2021-22 Services New build non-EPC EPC Govt. Private % Orders mix scaled to 100% - derived from the absolut

  8. Slide 8: Financials

    GE Power India Limited Financials © 2022 GE Power India Limited - All rights reserved 7

  9. Slide 9: Orders

    Orders ₹ Million Q4 Full Year 1,865 11,612 1,382 7,648 2020-21 2021-22 2020-21 2021-22 Steam Steam services Hydro Gas Steam Steam services Hydro Gas FY 2021-22 • Order intake was lower than FY2020-21 due to Covid, Chinese import restrictions & Government regulation regarding FGD rezoning • Hydro Kun

  10. Slide 10: Revenues

    Revenues ₹ Million Q4 Full Year 33,430 26,204 9,305 5,908 2020-21 2021-22 2020-21 2021-22 Revenue lower by 22% in FY 2021-22 & 36% in Q4 2021-22 due to • Covid, labour availability at sites and supply delays • Lower order intake in the last 2 years Despite of these challenges, Steam Service revenue

  11. Slide 11: Profit before tax

    Profit before tax ₹ Million Full Year Q4 951 1,314 241 330 -363 -705 -1,483 -750 -1,455 -1452 -2,935 2020-21 2021-22 2020-21 2021-22 Operational drivers • Volume impact • Loss significantly driven by inflation, customer delays and execution challenges Exceptional drivers • Right sizing of Durgapur f

  12. Slide 12: Continuous Improvement in Execution FY2021-22

    Continuous Improvement in Execution FY2021-22 What happened? Improvement Plan • Project not progressed since Dec 2011; • Pursuing claims with Customer Hydro - site access and restart in Jan 21 • Close project monitoring at GE’s Subansiri • Cost increase in Material, Erection and leadership level Com

  13. Slide 13: Summary

    GE Power India Limited Summary © 2022 GE Power India Limited - All rights reserved 12

  14. Slide 14: Operational Summary FY 2021-22

    Operational Summary FY 2021-22 • A tough year with COVID and inflationary pressure. • Challenge due to lower volume • Continued strength in Steam Services YOY as we transition to a better business mix • Execution challenges identified and improvement actions defined • Continued rightsizing to meet t

  15. Slide 15: GE Power India Limited's Relevance

    GE Power India Limited’s Relevance • India actively responding to energy transition; a “phase down” not a “phase out” of coal is expected • GEPIL is one of the top FGD players, reducing emissions • GE technology delivers efficiency in installed base and flexibility for renewable integration • Has de

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