Inox Green Energy Services Ltd. · NSE:INOXGREEN
Inox Green Energy Services — Q1 FY25 Earnings Presentation
20 slides from Inox Green Energy Services's earnings presentation, Aug 9, 2024
Slide 1: Stock exchange disclosure letter to BSE
IGESL:NOI: 2024 The Sea- BSE Limited Phirose Jeqeebhoy Towem Dam Street Mumbai400 001 S d p code: 543667 Dear sir/ iwm, Sub: Disclosure of Material Event! Information under Reculation :ro c r f RRBI (Iisting Oblieationa and 1)islclumre Xwuirements) Regulations. 201.5 - Barninm aes-entation Dear Sirf
Slide 2: Q1 FY25 Results Presentation
INOX GREEN ENERGY SERVICES LIMITED Q1 FY25 RESULTS PRESENTATION AUGUST 2024 1
Slide 3: Contents
CONTENTS 1. KEY HIGHLIGHTS OF THE QUARTER 2. GROUP OVERVIEW 3. WIND O&M BUSINESS – STABILITY WITH GROWTH 4. MACRO ENVIRONMENT ENTAILS SIGNIFICANT WIND CAPACITY ADDITION OVER THE NEXT DECADE 5. Q1 FY25 FINANCIALS 2
Slide 4: Key Highlights of the Quarter
KEY HIGHLIGHTS OF THE QUARTER ✓ Machine availability for the portfolio averaged 96.2% in Q1 FY25 ✓ Revenue of Rs 55 crores in Q1 FY25 vs Rs 58 crores in Q1 FY24 ✓ EBIDTA of Rs 30 crores in Q1 FY25 vs Rs 30 crores in Q1 FY24 ✓ PAT of Rs 4 crores in Q1 FY25 vs Rs 3 crores in Q1 FY24 ✓ O&M portfolio st
Slide 5: Group Overview
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Slide 6: INOXGFL Group – A US$ 9 bn Indian Conglomerate
INOXGFL GROUP – A US$ 9 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: Wind O&M Business – Stability with Growth
WIND O&M BUSINESS – STABILITY WITH GROWTH 6
Slide 8: IGESL – A Stable Annuity Business Proposition
IGESL – A STABLE ANNUITY BUSINESS PROPOSITION Established track Technology driven Comprehensive O&M record in the company with focus on Solutions Provider for WTG wind energy predictive maintenance and common infrastructure O&M industry of over reactive O&M contracts >10 years maintenance Strong sup
Slide 9: 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 3.35 GW of O&M assets Rajasthan: 572 MW ✓ Machine availabili
Slide 10: IGESL – Portfolio of 3.35 GW of O&M Assets
IGESL – PORTFOLIO OF 3.35 GW OF O&M ASSETS O&M portfolio growth at ~ 40% CAGR since inception 3,349MW 2,750MW 2,362MW 1,082MW 91MW 2019 2022 2024 2013 2016 Key Metrics 1 2 3 4 5 6 3.35 GW > 6 years 5-20 years 2.9 GW Rs 55 cr Rs 30 cr Current Residual Duration of Tenor of O&M Net Order Book of Q1 FY2
Slide 11: IGESL – Asset Light Growth Oriented Annuity Business Model
IGESL – ASSET LIGHT GROWTH ORIENTED ANNUITY BUSINESS MODEL Proposed demerger to lighten up balance sheet; Digital Transformation Initiatives of IGESL Focus is on long-term contracts with steady cashflows 24x7 centralized Performance analysis IGESL provides Long-term O&M services for wind farm monito
Slide 12: IGESL – Growth Strategy Going Forward
IGESL – GROWTH STRATEGY GOING FORWARD 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. # Customers across the board are looking for a
Slide 13: IGESL – Creating Value Through Acquisitions
IGESL – CREATING VALUE THROUGH ACQUISITIONS Robust M&A framework to pick high quality value accretive targets ✓ Sacrosanct valuation multiple / IRR threshold defined by a prudent capital allocation policy of the company ✓ In depth due diligence process on the target with detailed business, legal, te
Slide 14: IGESL – ESG Framework
IGESL – ESG FRAMEWORK Business Responsibility & Global Reporting Initiative Standard Sustainability Reporting Sources of emissions Policy Structure & Certifications Scope 1 emissions Includes: Use of diesel • Environment & Energy as part of IMS Total: 1009 tons CO2 equivalent • ISO 14001:2015:- Envi
Slide 15: Macro Environment Entails Significant Wind Capacity Addition Over the Next Decade
MACRO ENVIRONMENT ENTAILS SIGNIFICANT WIND CAPACITY ADDITION OVER THE NEXT DECADE 14
Slide 16: Wind – A Multi-Decadal Growth Story
WIND – A MULTI-DECADAL GROWTH STORY ~ 80 GW of wind capacity to be added in the next 8 years as per the National Electricity Plan – provides visibility of > Rs 6 trn for wind OEMs and a large multi-year opportunity for O&M service providers India’s power demand-supply mismatch to continue at least o
Slide 17: Favorable Macro Environment for the Indian Wind Sector
FAVORABLE MACRO ENVIRONMENT FOR THE INDIAN WIND SECTOR 7.4 GW capacity has been awarded in FY25 for wind / hybrid / India to add > 300 GW of RE capacity by 2032 FDRE projects Wind 1.2 GW Wind related Capacity 7.4 GW Awarded in FY25 Hybrid / RTC / FDRE 6.3 GW 770 MW Wind Capacity was added in Q1 FY25
Slide 18: Q1 FY25 Financials
INOXGreen ENERGY SERVICES LIMITED Q1 FY25 FINANCIALS Ai 17 | FL
Slide 19: Key Financials – Consolidated Income Statement
KEY FINANCIALS - CONSOLIDED INCOME STATEMENT Figures in Rs crores Quarter Ended Particulars 6/30/2024 3/31/2024 6/30/2023 Income a) Revenue from operation (net of taxes) 50.9 52.4 56.6 b) Other Income 3.9 31.7 * 1.7 Total Income from operations (net) 54.7 84.1 * 58.3 Expenses (a) EPC, O&M, Common in
Slide 20: Thank You
THANK YOU Investor Relations Contact No: +91 120 614 9600 Email : Investors.iwl@inoxwind.com Download Twitter's new X logo here! | Disobey Follow us on Social Media: This presentation and the related discussions may contain “forward looking statements” by Inox Green Energy Services Limited (“IGESL”
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