Inox Wind Ltd. · NSE:INOXWIND
Inox Wind — Q3 FY24 Earnings Presentation
22 slides from Inox Wind's earnings presentation, Feb 9, 2024
Slide 1: Exchange filing cover letter: Earnings Presentation
INOX Wind Limited Greening l M D l A Corporate Office: INOXGFL Towers, Plot No.17, Tel: +91-120-4149400 1 contact@inoxwind.com CIN : L31901 HP2009PLC031083 Sector-I 6A, Noida-201307, Uttar Pradesh, India. Fax: +91-120-6149610 1 www.inoxwind.com IWL: NOI: 2024 9 t h February, 2024 The Secretary The S
Slide 2: Q3 FY24 Results Presentation
INOX WIND LIMITED Q3 FY24 RESULTS PRESENTATION FEBRUARY 2024 1
Slide 3: Contents
CONTENTS 1. KEY HIGHLIGHTS FOR THE QUARTER 2. GROUP OVERVIEW 3. COMPANY OVERVIEW 4. IGESL – WIND O&M BUSINESS – STABILITY WITH GROWTH 5. MACRO ENVIRONMENT ENTAILS SIGNIFICANT WIND CAPACITY ADDITION OVER THE NEXT DECADE 6. Q3 FY24 EARNINGS UPDATE 2
Slide 4: Key Highlights of the Quarter
KEY HIGHLIGHTS OF THE QUARTER Milestone quarter for Inox Wind as it turns around to post profit after tax Consolidate revenue of Rs. 506.9 cr in Q3 FY24 vs Rs 237.7 cr in Q3 FY23, an increase of 113% YoY EBIDTA of Rs. 99.5 cr in Q3 FY24 vs EBITDA loss of Rs 172.5 cr in Q3 FY23 Profit after t
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 more than 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
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 Robust Balance sheet Strong operational track record of ~13 years and capacity of >2.5GW across 4 manufacturing facilities Technologically ready for the nex
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: 2023 – A Year of Turnaround
2023 – A YEAR OF TURNAROUND Future Q1FY24 Q2FY24 Q3FY24 quarters IWL turns EBITDA Substantial growth in IWL posts cash profit IWL posts profits positive profitability Raised ~ Rs 1,500 cr from marquee global Secured supply chain and significantly equity investors ramped up operations Secured ~ 2,080
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 WTG Order Book – Q3 FY24-End
ROBUST WTG ORDER BOOK – Q3 FY24-END Particulars Order capacity (MW) Remarks CESC 1,500 One of the leading Private Sector Power Utility NTPC Largest Indian Public Sector Power Utility; IWL 500 has won multiple wind turnkey project bids SECI 350 Central Government Agency Large C&I player One of the la
Slide 13: Shareholding Pattern – Inox Wind
SHAREHOLDING PATTERN – INOX WIND List of top Institutional Shareholders Name Samena Green Nippon Life India Mutual Fund ICICI Prudential Mutual Fund Capital Research Global Investors Motilal Oswal AMC Eastbridge Capital Okoworld Kuwait Investment Authority Fund Eastspring Investments India HDFC Mutu
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 Rajasthan: Presence across India with an established track record of >10 years and 572 MW portfolio of >3.2 GW of O&M assets Targeting to reach
Slide 16: IGESL – O&M Business Poised for Growth
IGESL – O&M BUSINESS POISED FOR GROWTH Inorganic growth prospects# O&M business of inactive/stressed players maintaining ~10GW of capacity provides a significant opportunity for IGESL’s inorganic growth. Majority of this fleet is across retail customers. Leveraging both company’s own and group’s exi
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: Favorable Macro Environment Expected to Significantly Boost Wind Sector Investments
FAVORABLE MACRO ENVIRONMENT EXPECTED TO SIGNIFICANTLY BOOST WIND SECTOR INVESTMENTS India’s Renewable RE project bids planned Energy installed capacity 596 GW to be awarded between 250 GW target as per NEP FY24-28 India Wind Installed Plain vanilla wind project Capacity target as per the 122 GW bids
Slide 19: Opportunities for the Indian Wind Sector Are Immense
OPPORTUNITIES FOR THE INDIAN WIND SECTOR ARE IMMENSE RENEWABLE ENERGY IMPLEMENTATION AGENCY-WISE BIDDING CALENDAR FOR FY24 ~ 18 GW of plain vanilla wind and hybrid/RTC/FDRE project tenders have been floated and are expected to be awarded over the next few months Total wind capacity (including fr
Slide 20: IWL – Q3 FY24 Financials
Greening INDIA IWL- Q3 FY24 FINANCIALS i 19 INO}XGFL
Slide 21: Key Financials – Consolidated Income Statement
KEY FINANCIALS - AUDITED CONSOLIDED INCOME STATEMENT Quarter Ended Nine Months Ended Year ended Particulars 12/31/2023 9/30/2023 12/31/2022 12/31/2023 12/31/2022 3/31/2023 Income a) Revenue from operation (net of taxes) 50,345 37,064 22,610 121,551 54,214 73,305 b) Other Income 343 1,376 1,158 2,074
Slide 22: Thank You
THANK YOU Anshuman Ashit Manish Garg Contact No: +91 84518 30601 Email : Investors.iwl@inoxwind.com Email : anshuman.ashit@inoxwind.com This presentation and the related discussions may contain “forward looking statements” by Inox Wind Limited (“IWL” or “the Company”) that are not historical in natu