Azure Power Global Limited · OTC:AZREF
Azure Power Global — Corporate Update (August 2022)
11 slides from Azure Power Global's corporate update, Aug 31, 2022
Slide 1: Azure Power Conference Call Management Update
Azure Power Conference Call Management Update August 31, 2022 Stay Connected Copyright © 2022 Azure Power |www.azurepower.com 1
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This information contains contains forward-looking statements within the meaning of Section 21E of the US Securities Exchange Act of 1934, as amended, and the US Private Securities Litigation Reform Act of 1995, including statements regarding the Company's futur
Slide 3: FY 2021-22 Annual Report
FY 2021-22 ANNUAL REPORT Following its August 12, 2022, announcement of a delay in the filing of the Company’s annual report on Form 20-F for the financial year ended March 31, 2022 (“FY 2021-22”), the Company reiterates that it is working in close consultation with its advisers to close its annual
Slide 4: Performance Update
PERFORMANCE UPDATE^ • Key Operational Highlights of FY 2021-22: • Fully commissioned 600 MW AC project with SECI in Rajasthan, the largest owned and operated single site solar project by any developer in the country • PLF (including the rooftop portfolio): 21.6%. • Electricity generation (including
Slide 5: Performance Update
PERFORMANCE UPDATE^ Solar Green Bond PLF Electricity Generation RG1 (3.575% Solar Green Bonds maturing in 2026) 18.6% 995 million kWh RG2 (5.65% Solar Green Bonds maturing in 2024) 24.1% * 1,367 million kWh * This number was incorrectly given as 21.4% in our press release, dated August 29, 2022 as f
Slide 6: Whistleblower Allegations
WHISTLEBLOWER ALLEGATIONS • A whistleblower complaint received in May 2022, alleging potential procedural irregularities and misconduct by certain employees at a plant belonging to one of the subsidiary • Company’s review of these allegations discovered deviations from safety and quality norms, • Th
Slide 7: Public Interest Litigations
PUBLIC INTEREST LITIGATIONS • Two Public Interest Litigations (“PILs”) have been filed in the High Court of Andhra Pradesh regarding Azure’s PPAs for its 2,333 MWs • PILs are challenging various aspects of the manufacturing tender & seeking to quash the Andhra Pradesh Regulator’s approval for procur
Slide 8: Favorable Resolution of Legal Disputes
FAVORABLE RESOLUTION OF LEGAL DISPUTES • Received a favorable Award from the Singapore International Arbitration Centre, which has further been upheld by the Singapore High Court, in a proceeding initiated by former Chairman and CEO Mr. Inderpreet Singh Wadhwa and erstwhile COO Mr. H.S. Wadhwa in re
Slide 9: Company's Underlying Business Remains Fundamentally Strong
COMPANY’S UNDERLYING BUSINESS REMAINS FUNDAMENTALLY STRONG • The Company continues to operate in line with its budgets and business plans. • Cash flow and collections from customers continue in the ordinary course. • The Company continues to service all its debt payment obligations, • Azure’s liquid
Slide 10: Q&A
Q&A Copyright © 2022 Azure Power |www.azurepower.com 10
Slide 11: To be the number one provider of sustainable energy solutions
To be the number one provider of sustainable energy solutions for a carbon-neutral world TRUST | INNOVATION | DRIVE | DIVERSITY | EXCELLENCE Copyright © 2022 Azure Power |www.azurepower.com 11