Gensol Engineering Limited · NSE:GENSOL
Gensol Engineering — Q3 FY2024 Earnings Presentation
29 slides from Gensol Engineering's earnings presentation, Jan 23, 2024
Slide 1: Submission of Q3/9M-FY24 Earnings Call Presentation
Date: January 23, 2024 To, The Corporate Relations Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Plot No. C/1, PJ Towers, 25th Floor, G Block, Bandra-Kurla Complex, Dalal Street, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Company Scrip Code: 542851
Slide 2: Investor Presentation January 2024
Empowering Future Exploring Energy Alternatives INVESTOR PRESENTATION January 2024 www.gensol.in
Slide 3: Safe Harbour
Safe Harbour This presentation by Gensol Engineering Ltd. (mentioned here with brand name “Gensol) provides general background information about the Company and its activities as on the date of this presentation and is solely for information purposes. Neither this presentation nor any part thereof m
Slide 4: About Gensol Engineering Ltd.
About Gensol Engineering Ltd. 3
Slide 5: Gensol Engineering at a Glance
Gensol Engineering at a Glance 600 MW+ Roof tops, ground mounted 1000 Cr+ 6000+ and floating solar projects Current EPC order book EVs on lease 33,693 MW+ 400 200+ 400+ Technical Expertise EPC Projects Clients Employees across EPC, Leasing and Manufacturing 4
Slide 6: Corporate Structure
Corporate Structure Gensol EV Lease Pvt Ltd Gensol Electric Vehicles Pvt Ltd Promoter Holding: 63% Public Holding 37% Scorpius Trackers Pvt Ltd Green Energy Trading LLC Note: Other subsidiaries include Gensol Utilities Pvt. Ltd. and Gensun Renewables Pvt. Ltd. 5
Slide 7: Leadership Team
Leadership Team Anmol Singh Jaggi, Puneet Singh Jaggi, Chairman & Managing Director Whole Time Director § Pioneer in transforming the clean energy landscape for over 15 years § First Generation Entrepreneur & Clean Energy Enthusiast § Leading a team of 400+ professionals providing end-to-end renewab
Slide 8: Journey/ Key Milestones
Journey/ Key Milestones Scaled New Heights Global Expansion Next Orbit Amongst the Top 5 Expanded advisory services Commenced EV Leasing carbon consultants in across Southeast Asia, East Business Division India Africa, West Africa & MENA region Started set up of EV manufacturing plant in Pune, India
Slide 9: Industry Overview
36\GENSOL Industry Overview
Slide 10: Market Overview
Market Overview India renewable energy market Cumulative installed solar energy capacity ~$22 Bn ~$47 12.78 66.78 CAGR ~9% GW CAGR ~32% Bn GW 2023 2032 FY 2017 FY 2023 The Indian government visionary policies are continuously promoting With 66.78 GW of total installed solar energy capacity, India is
Slide 11: Emerging Trends in Renewable Energy: Focusing on India's Solar Expansion
Emerging Trends in Renewable Energy: Focusing on India's Solar Expansion 293 269 228 196 164 131 96 72 Capacity (GW) As on Aug' 23 FY24E FY25E FY26E FY27E FY28E FY29E FY30E • In 2023, The Indian Government declared a bidding trajectory for Renewable energy tender to invite bids of 50 GW capacity ann
Slide 12: Business Overview
36\GENSOL Business Overview
Slide 13: Gensol will play a key part in India's energy transition story
Gensol will play a key part in India’s energy transition story A Leader in Renewable Thriving in a Booming Strategic Diversification Robust Track Record Energy Market Strategy Gensol stands as a formidable With global shifts towards Diversifying into EV The company has entity in the Solar energy sus
Slide 14: Business Segments
Business Segments Solar Leasing Manufacturing Solar EPC Solar Panel Tracking Tech EV Leasing EV Manufacturing Amongst India's leading Top 5 global solar panel Innovative, tailor-made EV Revolutionizing urban mobility solar EPC firms tracking technology providers leasing & fleet management solutions
Slide 15: Solar EPC
Solar EPC 600 MW+ Installed capacity 200+ Clients Gensol’s leadership in Solar across Rooftop, Ground Mounted and Floating Solar across Commercial & Industrial and PSU segment Energy comes from its robust 400+ Projects 1000 Cr+ Orderbook Executed across both Turnkey and BOS format And a Bid pipeline
Slide 16: Solar Engineering and EPC – Marquee Clients
Solar Engineering and EPC – Marquee Clients 15
Slide 17: EV Leasing
EV Leasing Gensol EV Leasing aims to § Provide a comprehensive EV Leasing and Fleet Management solution. § Deliver substantial cost savings and reduced administrative hassles for our customers. § Promote a sustainable and environmentally conscious mobility. EV leasing lifecycle Vehicle Acquisition &
Slide 18: EV Leasing: Asset and Target Customer Segmentation
EV Leasing Offered EV Assets’ Segmentation 4-Wheeler Passenger Light Commercial Buses 3-Wheeler Heavy commercial 2 Wheelers and Cargo Vehicle (LCV) Cargo vehicles (HCV) Target Customer Segmentation Large MNC’s & Logistic Companies / PSU & Government Fleet Operators Indian Business Close circuit usag
Slide 19: EV Manufacturing
EV Manufacturing § Affordable, smart, urban-mobility focused electric vehicle - Proudly "Made in India" § Innovative design, size, weight and range engineered keeping in mind the urban fleet and cargo, & subsequently the urban passenger segment § Greenfield “designed for electric” manufacturing plan
Slide 20: Visual Highlights of EV Manufacturing Plant
Visual Highlights of EV Manufacturing Plant Gensol EV Manufacturing Plant *Embark on a Virtual Journey: Click Here for the video tour 19
Slide 21: Performance Highlights
36\GENSOL Performance Highlights
Slide 22: Robust Performance in 9MFY24
Robust Performance in 9MFY24 147% 238% 117% 111% YoY Growth YoY Growth YoY Growth YoY Growth TOTAL REVENUE EBITDA PBT PAT ₹584 crores ₹169 crores ₹49 crores ₹34 crores • Total revenue reached ₹584 crores in 9MFY24, showcasing a remarkable 147% growth compared to the previous year’s ₹236.5 crores in
Slide 23: Nine Months Segmental Revenue Performance
Nine Months Segmental Revenue Performance Solar EPC (₹cr) Solar Tracker* (₹cr) EV Lease (₹cr) 453 121% 89 309% 205 26 22 - 9MFY23 9MFY24 9MFY23 9MFY24 9MFY23 9MFY24 10% 5% 16% Solar EPC Revenue Share 9MFY23 9MFY24 EV Lease Solar Tracker* 80% 90% *New Segment (Scorpius Trackers Acquisition) 22
Slide 24: Consolidated Quarterly Financial Highlights
Consolidated Quarterly Financial Highlights Total Revenue (₹cr) EBITDA (₹cr & EBITDA Margin %) 227 205 32% 31% 11% 27% 27% 70 QoQ Growth QoQ Growth 55 52 17 335% 312% YoY Growth YoY Growth Q3FY23 Q2FY24 Q3FY24 Q3FY23 Q2FY24 Q3FY24 PBT (₹cr & PBT Margin %) PAT (₹cr & PAT Margin %) 7% 8% 8% 1% 9% 6% 5
Slide 25: Quarterly Segmental Revenue Performance
Quarterly Segmental Revenue Performance Solar EPC (₹cr) Solar Tracker* (₹cr) EV Lease (₹cr) 386% YoY Growth 194% YoY Growth 162 170 31 32 19 35 11 6 - Q3FY23 Q2FY24 Q3FY24 Q3FY23 Q2FY24 Q3FY24 Q3FY23 Q2FY24 Q3FY24 3% 9% 24% 16% 15% Solar EPC Revenue Share Q3FY23 Q2FY24 Q3FY24 EV Lease Solar Tracker*
Slide 26: Business/Operational Highlights
Business/Operational Highlights • Secured its first Green Hydrogen project by winning the NHPC's Kargil Green Hydrogen Mobility Station EPC Project as the lowest bidder. • Awarded a ₹138.72 Crore Solar Power Project from SEML for the second time, a testament towards high quality of work. A 33 MW AC
Slide 27: Annexure
34 GENSOL Annexure
Slide 28: Consolidated Income Statement
Consolidated Income Statement Particulars (₹ crores) Q3FY24 Q2FY24 QoQ (%) Q3FY23 YoY (%) 9MFY24 9MFY23 YoY (%) Revenue from Operations 220 199 10% 51 334% 564 234 141% Other Income 7 6 17% 1 382% 20 2 708% Total Revenue 227 205 11% 52 335% 584 237 147% Expenses -Cost of Material Consumed 42 11 291%
Slide 29: Thank You
Thank You Mr. Jabir Mahendi M Aga CFO, Gensol Engineering Limited jabirmahendi@gensol.in Siddesh Chawan Investor Relations, Ernst & Young LLP Siddesh.Chawan@in.ey.com 28 28