Waaree Renewable Technologies Ltd · NSE:WAAREERTL
Waaree Renewable Technologies — FY2023 Earnings Presentation
27 slides from Waaree Renewable Technologies's earnings presentation, May 22, 2023
Slide 1: Waaree RTL: Execution with Pace & Comfort
WAAREE RTL Execution with Pace & Comfort May 22, 2023 BSE Limited Corporate Relationship Department 1%t Floor, P.J. Towers, Dalal Street Mumbai 400 001 BSE SCRIP CODE: 534618 Subject: Investors / Earnings Presentation under Regulation 30 of SEBI {Listing Obligations and Disclosure Requirements) Regu
Slide 2: FY23 Investor Presentation
WAAREE RTL Execution with Pace & Comfort FY23 | Investor Presentation \/ y / Jy | aa Ee \/ = yt Ar= a [pd 7 [J r= - rr [Jo HEN Ea. LLL] 1 [J
Slide 3: Safe Harbor
Safe Harbor RTL WAAREE Execution with Pace & Comfort This presentation and the accompanying slides (the “Presentation”), which have been prepared by Waaree Renewable Technologies Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendati
Slide 4: Performance Highlights FY2023
Performance Highlights FY2023
Slide 5: Solid Performance in FY23
Solid Performance in FY23 WAAREERTL Execution with Pace & Comfort Revenues EBITDA Rs. 351 Crs | +117% | Rs. 84 Crs | +256% | Rs. 55 Crs | +522% | Unexecuted Order Successfully Cashflow generated ~ Book of 817 MW executed from Operations of as on date 295 MW+ Rs. 70.45 Crs
Slide 6: Key Order Wins
Key Order Wins WAAREE RTL Execution with Pace & Comfort Letter of Acceptance for execution of Engineering, Procurement and Construction (EPC) works of a solar power project 0 221.8MWp DC capacity from one of India’s leading steel manufacturing company in the world o 154MWop DC capacity on turnkey ba
Slide 7: Key Ongoing Projects
Key Ongoing Projects RTL WAAREE Execution with Pace & Comfort Daiki 2MW solar plant, Sricity, Arcelor Mittal, Kurnool, Andhra Pradesh Andhra Pradesh Vip HY A ir ® (eo) (e) Punjab Rice Land, Kutch Continuum Solar, Thoothukudi, 220 kV Switchyard, Khandwa Tamil Nadu
Slide 8: Consolidated Income Statement
Consolidated Income Statement RTL WAAREE Execution with Pace & Comfort Particulars ( Crs) Q4FY23 Q4FY22 Q3FY23 Revenue from Operations 61.5 76.7 -19.8% 73.9 -16.8% 351.0 161.5 117.3% Cost of Goods Sold 34.8 61.9 34.1 253.0 129.3 Employee Expenses 2.6 1.6 2.8 9.8 5.6 Other Expenses 1.8 0.7 1.2 4.5 3.
Slide 9: Consolidated Balance Sheet
Consolidated Balance Sheet WAAREE RTL Execution with Pace & Comfort Equity & Liabilities (X Crs) FY22 FY23 Assets (X Crs) FY22 FY23 Equity Non - Current Assets Equity Share Capital 20.81 20.81 Property, plant and equipment 70.88 71.34 Other Equity 9.09 64.33 Goodwill on Amalgamation 0.01 0.01 Equity
Slide 10: Consolidated Cash Flow
Consolidated Cash Flow WAAREE RTL Execution with Pace & Comfort Particulars (Cr) FY22 FY23 Cash Flow from Operating Activities Profit before Tax 21.22 77.01 Adjustment for Non-Operating Items 3.46 8.00 Operating Profit before Working Capital Changes 24.68 85.01 Changes in Working Capital 21.50 -14.5
Slide 11: Group Overview
Group Overview
Slide 12: Vertically Integrated with Global Operations
Vertically Integrated with Global Operations WAAREE [RTL Execution with Pace & Comfort 12 GW Module 5GW+ -l 32 Years of Capacity & 5.4 GW Modules Supplied Industry Experience ooo[] Cell Capacity by FY24 Globally TIER 1 Solar Module #1 Indian Module Products Exported in Manufacturer Manufacturer*® 68
Slide 13: Technologically Advanced End To End Solar Solutions
Technologically Advanced End To End Solar Solutions WAAREE [RTL Execution with Pace & Comfort Module Mounting Solar Modules EPC Services Structures Rooftop Solutions Floating Solar On Grid Inverters Energy Storage Off Grid Inverters Lithium-lon Batteries Solutions Solar Products, Water Solar Thermal
Slide 14: Marquee Clients
Marquee Clients WAAREE [RTL Execution with Pace & Comfort AA ArcelorMittal Ep Reliance a, Industries Limited ADITYA BIRLA GROUP MAHARASHTRA SEAMLESS LIMITED Mondelez, JINDALP STEEL & POWER HIEcsAg HUAERS] mumbai metro MMRDA « J — P MTC GROUP METTLE MAKES US vad fis NTPC adani NAb | S MT owen M Mono
Slide 15: Indian Market Driven by Secular Growth Trends
Indian Market Driven by Secular Growth Trends WAAREE [RTL Execution with Pace & Comfort Solar capturing lion’s share of renewable energy ...possesses the highest potential amongst renewable energy ...possesses the highest potential amongst renewable installed capacity,... sources in India with ubiqu
Slide 16: Company Overview
WAAREE RTL Execution with Pace & Comfort Company Overview
Slide 17: Corporate Structure
Corporate Structure RTL WAAREE Execution with Pace & Comfort Waaree Energies Limited (WEL) A scheme of Amalgamation has been filed between Sangam Rooftop Private Limited, Subsidiaries J *( Step down Subsidiaries Waaree PV Technologies Private Limited of WEL ; . oy and Waasang Solar Private Limited w
Slide 18: Experienced Board of Directors
Experienced Board of Directors WAAREE IRTL Execution with Pace & Comfort Mr. Nilesh Bhogilal Gandhi Chairman & Non-Executive Independent Director He holds a Bachelor's degree in Commerce, an LLB, and FCA. He has over 30 years of experience in finance, power, and renewables and has previously been as
Slide 19: Experienced Board of Directors
Experienced Board of Directors WAAREE IRTL Execution with Pace & Comfort r— Mr. Sunil Rathi Additional Director, Non-Executive, Non-Independent Director He holds a BE in Electronics and an MBA in Marketing from ITM, Mumbai. He has over 30 years of experience in sales and marketing and has previously
Slide 20: Strong Progress Towards Sustainability Ambitions
WAAREE RTL Execution with Pace & Comfort Strong Progress Towards Sustainability Ambitions
Slide 21: Sustainability Roadmap
Sustainability Roadmap WAAREE IRTL Execution with Pace & Comfort Operation & Maintenance Expand the O&M portfolio in order to ensure the efficient functioning of our assets. Order Execution Cutting-edge R&D Refined management processes Establishing strong technical to execute projects on time or kno
Slide 22: EPC Accomplishments
EPC Accomplishments WAAREE RTL Execution with Pace & Comfort -ORW 01 pp 02 03 04 05 8 : 50+ MW 817+ MW 1.2+ GW 270+ MW 480+ MW ( More Than 400 Project ) Project site under Planning (More Than 50 Projects) (08 Projects) Ground O&M Portfolio of solar Roof Top Mounted & Execution Phase Ground Mounted i
Slide 23: Unique Propositions
Unique Propositions RTL WAAREE Execution with Pace & Comfort CUSTOMER CONNECT NETWORK QUALITY CERTIFICATION INNOVATION Strong Customer base of Strong & Proven Network with all ISO 9001:2015 certificate Consistent Introduction of new Respected industrial stakeholders/ authorities with more received f
Slide 24: Advanced Operation & Maintenance
Advanced Operation & Maintenance WAAREE [RTL Execution with Pace & Comfort Our O&M Advantage o Over 480+ MW O&M Portfolio of solar power plant assets Achieved 99%+ of plant available time and 80%+ of PR for the asset under management Oo Leveraging tech-based data analytics, technical audits, consult
Slide 25: Long Tail of Revenues from O&M
Long Tail of Revenues from O&M WAAREE IRTL Execution with Pace & Comfort NE re as on March 2023 O&M Project Details Capacity (KWp) AMC Projects* 447,164 RESCO Projects* 36,613 4,83,777 *AMC - Annual Maintenance Contract; *RESCO — Renewable Energy Service Company
Slide 26: Our Growth Strategy
Our Growth Strategy RTL WAAREE Execution with Pace & Comfort New business opportunity: Green Hydrogen [(@] [2] [©] o We are exploring opportunities and are already in process to set up a 1 MW Green hydrogen Plant integrated with ecosystem on BOB basis o National Green Hydrogen Mission promotes comme
Slide 27: Company and Investor Relations Contacts
Company : WAAREE RTL Execution with Pace & Comfort Mr. Rohit Wade GM Investor Relation rohitwade@waaree.com www.waareertl.com Investor Relations Advisors : OX orient capital Orient Capital (A division of Link Intime India Pvt Ltd) Mr. Nikunj Jain Mr. Amar Yardi +91 9769060608 +91 7045121239 nikunj.j
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