Inox Wind Ltd. · NSE:INOXWIND
Inox Wind — Q4 FY22 Earnings Presentation
26 slides from Inox Wind's earnings presentation, May 27, 2022
Slide 1: Greening INDIA
Greening INDIA IWL: NOI:196 : 2022 27th May, 2022 The Secretary The Secretary BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex Dalal Street Bandra (E) Mumbai 400 001 Mumbai 400 051 Scrip code: 539083 Scrip code: INOXWIND Disclosure o
Slide 2: Inox Wind Limited Q4 and FY22 Investor Update
INOX WIND LIMITED Q4 AND FY 22 INVESTOR UPDATE
Slide 3: Disclaimer
DISCLAIMER This presentation and the following discussion may contain “forward looking statements” by Inox Wind Limited (“IWL” or “the Company”) that are not historical in nature. These forward looking statements, which may include statements relating to future state of affairs, results of operation
Slide 4: Discussion Summary
DISCUSSION SUMMARY OPERATIONAL HIGHLIGHTS STRATEGIC INITIATIVES GROUP STRUCTURE & BUSINESS OVERVIEW WIND POWER INDUSTRY ORDER BOOK & MANUFACTURING CAPACITY WIND O&M BUSINESS FINANCIAL HIGHLIGHTS 3
Slide 5: Operational Highlights
WIND OPERATIONAL HIGHLIGHTS
Slide 6: Operational Highlights
OPERATIONAL HIGHLIGHTS Key Highlights: The Company has commenced the production of 3.3 MW WTG. The first WTG has been produced and dispatched to site; the erection and commissioning of which will be completed in the next couple of days. We believe this WTG will be a game changer for the Indian mar
Slide 7: Operational Highlights....
OPERATIONAL HIGHLIGHTS.... Key Highlights: As a part of strategic initiatives for monetisation of O & M business: • the EPC business has been hived off by way of slump sale from IWL’s subsidiary Inox Green Energy Services Limited – IGESL (formerly Inox Wind Infrastructure Services Limited – IWISL)
Slide 8: Strategic Initiatives - FY22 & Onwards: Balance Sheet Improvement(s)
STRATEGIC INITIATIVES - FY22 & ONWARDS Initiated process for monetization of O&M business: Hived off EPC business from IGESL to another subsidiary of IWL IGESL to remain a pure O & M company Monetization of The Board of IGESL has accorded fresh approval for fund raising by way of an IPO for
Slide 9: Strategic Initiatives - FY22 & Onwards: Product Launch
STRATEGIC INITIATIVES - FY22 & ONWARDS Aiming to mitigate the EPC related risks by preferring for equipment supply contracts over Product Mix and EPC turn key contracts. More options to the customers: 2 MW & 3.3 MW turbines. The Company has commenced the production of 3.3 MW WTG. Product Launc
Slide 10: Group Structure & Business Overview
GROUP STRUCTURE & BUSINESS OVERVIEW 9
Slide 11: Part of the Strong Inox GFL Group
PART OF THE STRONG INOX GFL GROUP Established businesses and market leadership across verticals The Inox GFL Group with a legacy of more than 90 years is one of the largest business Group’s in India. The Group is a forerunner in diversified business segments comprising specialty chemicals, fluoropol
Slide 12: Inox Wind, Its Holding Company & Subsidiaries
INOX WIND, IT’S HOLDING COMPANY & SUBSIDIARIES Inox Wind Energy Limited (IWEL) 54.71%* Inox Wind Limited (IWL) 100%* 93.84%* Resco Global Wind Services Pvt Ltd Inox Green Energy Services Limited (RGSPL) (IGESL) Manufacturing Infrastructure (EPC) O&M Amongst the largest WTG End-to-end services le
Slide 13: Wind Power Industry – Witnessing Strong Revival
WIND POWER INDUSTRY – WITNESSING STRONG REVIVAL 12
Slide 14: Wind Sector: Gaining Strength
WIND SECTOR : GAINING STRENGTH Wind Power - Auctions Auction Period Volume (MW) Yearly Volumes Wind Power - Installations (MW) SECI 1 – SECI 3 Feb’17 – Mar’18 4050MW State Auctions Feb’17 – Mar’18 1500MW FY18: 5550MW SECI 4 Apr-18 2000MW NTPC Aug-18 1200MW SECI 5 Sep-18 1200MW Hybrid 1 Dec-18 840MW
Slide 15: Wind Power Sector – Positive Outlook
WIND POWER SECTOR – POSITIVE OUTLOOK *Power Capacity Ramp up – 2000-2040 The India Vision Case(IVC) is based on a rapid resolution of today’s public health crisis and a more complete realisation of India’s stated energy policy objectives, accompanied by a faster pace of economic growth than in the S
Slide 16: Significant Market Opportunities Opening for IWL
SIGNIFICANT MARKET OPPORTUNITIES OPENING FOR IWL Major thrust in renewable sector: India has announced a renewable energy target of 175 GW by 2022 and a target of 450 GW by 2030. Leading Indian companies, the likes of Reliance Industries, NTPC, Adani, JSW amongst others, have announced ambitio
Slide 17: IWL – Order Book & Manufacturing Capacity
IWL – ORDER BOOK & MANUFACTURING CAPACITY 16
Slide 18: Strong Order Book for IWL
STRONG ORDER BOOK FOR IWL Particulars Capacity MW Auction based order book 1100 Others 138 Supplied (478) Net order book (A) 760 LOI for 3.3 MW from Adani (B) 501.6 Inox Wind order Book Agreement signed with leading 23.1 = 1100MW MNC IPP for 3.3 MW ( C) Order from Continuum 126 Supplied (106) Net or
Slide 19: Manufacturing Capacity
MANUFACTURING CAPACITY CURRENT CAPACITY (MW) Una, Barwani, Rohika, Plant Location Himachal Madhya Total Gujarat Pradesh Pradesh Nacelles & Hubs 1,100 - - 1,100 Blades - 800 800 1,600 Towers - 300 300 600 Well positioned to take advantage of the growing market. Potential to debottleneck our nacel
Slide 20: Wind O&M Business – Emerging into a Growth Driver
WIND O&M BUSINESS – EMERGING INTO A GROWTH DRIVER 19
Slide 21: O&M Business – Consistent Growth
O&M BUSINESS – CONSISTENT GROWTH Established business with multiple years of operating history. Long term agreements in place with revenue visibility with inbuilt fixed escalation in contracts. O&M revenues are noncyclical in nature and have steady cash flow generation. Order book of IWL pro
Slide 22: IWL – Consolidated Financial Highlights
IWL – CONSOLIDATED FINANCIAL HIGHLIGHTS 21
Slide 23: Financial Highlights
FINANCIAL HIGHLIGHTS Financials Revenue and EBITDA compared to preceding quarter*: • Total revenue of Rs. 184 Crs in Q4 FY22 against revenue of Rs. 186 Crs in Q3 FY22 • EBITDA loss of Rs. (27) Crs in Q4 FY22 against EBITDA of Rs. 39 Crs in Q3 FY22. Revenue and EBITDA compared to corresponding fi
Slide 24: Financials – Consolidated P&L Statement
FINANCIALS – CONSOLIDATED P&L STATEMENT (In Rs Lakhs) Q4FY22 Q4FY21 Q3FY22 FY22 FY21 Income a) Revenue from operation (net of taxes) 13,740 23,917 15,203 62,462 71,073 Other Income 4,652 5,629 3,388 8,352 7,269 Total Income from operations (net) 18,392 29,546 18,591 70,814 78,342 Expenses a) Cost of
Slide 25: Detailed Financials Consolidated Balance Sheet Statement
DETAILED FINACIALS CONSOLIDATED BALANCE SHEET STATEMENT As of As of As of As of Particulars (Rs. in Lakhs) Particulars (Rs. in Lakhs) 31-Mar-22 31-Mar-21 31-Mar-22 31-Mar-21 Assets EQUITY AND LIABILITIES (1 ) Non-current assets (1) Equity (a) Property, Plant and Equipment 1,32,761 1,17,194 (a) Equit
Slide 26: Thank You
THANK YOU Jitendra Mohananey Group Financial Controller Contact No: 0120 6149600 Email : Investors.iwl@inoxwind.com 25