Ujaas Energy Limited · NSE:UEL
Ujaas Energy — Investor Presentation (March 2017)
32 slides from Ujaas Energy's investor presentation, March 2017
Slide 1: Investor Presentation March 2017
UJAAS ENERGY LIMITED INVESTOR PRESENTATION MARCH 2017
Slide 2: Executive Summary
Executive Summary • Ujaas Energy Ltd (UEL) was founded by Mr. Shyam Sunder Mundra and is run today along with his two sons, Mr. Vikalp Mundra and Mr. Anurag Mundra. • Manufacturing transformers for more than 30 years, the company diversified into the generation of solar energy and COMPANY launched a
Slide 3: Company Overview
COMPANY OVERVIEW 3
Slide 4: Company at a Glance
Company at a Glance • One of the Leading Solution Providers in the Indian Solar Power Segmental Break-up FY16 Sector. Focused on developing, operating and maintaining a diversified portfolio of solar energy power plants under its flagship Solar Power Transformer Brand „UJAAS‟ Plant s Operation 1% •
Slide 5: Experienced promoters and professional management team
Experienced promoters and professional management team Shyam Sunder Mundra Vikalp Mundra Anurag Mundra Chairman & MD Joint MD Joint MD ● Has >43 years of experience in the power industry ● Possesses an overall experience spanning 22 years in the ● Joined the Company in 1999 and possesses over 16 yea
Slide 6: Key Strengths and Differentiators
Key Strengths and Differentiators One of the leading integrated solar Demonstrated ability to execute solar energy power project providers power projects across states, terrains with comprehensive service offering and diversified customer base Established track record for Experienced promoters and s
Slide 7: Awards & Recognition
Awards & Recognition Assigned Solar Energy Grading of SP 1A Awarded certificate of empanelment as ‘Channel Partner’ by Ministry of New and Renewable Energy Declared winner of the Top 100 SMEs of India, at the India SME 100 Awards 2014-15 Acknowledged by ‘The Economic Times’ amongst The Best Infrastr
Slide 8: Solar Industry Overview
SOLAR INDUSTRY OVERVIEW 8
Slide 9: Indian Power Scenario
Indian Power Scenario Sources of Electricity in India 350000 Nuclear, Oil, 0% 300000 2% 94,077 Gas, 8% 250000 73,324 Renewabl 200000 69,994 e Energy Sources, 15% 63,493 150000 Hydro, Coal, 60% 42,414 2,20,563 15% 100000 1,89,498 27,897 1,68,274 22,560 1,31,603 50000 18,307 74,429 86,015 61,010 43,76
Slide 10: India - Energy Dynamics
India - Energy Dynamics India lags BRICS with only 79% population having access to Electricity … …with one of the lowest per capita electricity consumption… India South Africa China Brazil Russian Federation 100% 100% 12,988 110% 100% 98% 100% 100% 100% 14,000 94% 97% 98% 100% 12,000 100% 93% 10,134
Slide 11: India Renewables – Solar's Contribution
India Renewables – Solar’s Contribution RE capacities in India are expected to become 3x in the next 5 years GOI has set targets to achieve 100GW in solar capacities by 2022… Renewable Energy (GW) RE break-up in FY16 Proposed RE break-up in FY22 200 175 148 150 123 16% 100 34% 100 78 58 21% 43 GW 57
Slide 12: Comparison of Power Generation Methods
Comparison of Power Generation Methods Thermal Wind Hydro Solar • Abundant supply • No emissions • No emissions • Non-polluting • Currently inexpensive to • Affordable • Reliable • Most abundant energy extract • Little disruption of ecosystems • Capable of generating large source available Pros • Re
Slide 13: Solar Power Scenario in India
Solar Power Scenario in India • India is endowed with a rich solar energy resource. The average intensity of solar radiation received on India is 200 MW/km square (megawatt per kilometer square). With a geographical area of 3.287 million km square, this amounts to 657.4 million MW. • By End of 2009,
Slide 14: Favourable Policy Environment
Favourable Policy Environment Internationally declared commitments The Government of India at the COP 21 summit held in Paris has committed to reduce India's emissions intensity by 33 – 35% by 2030 vs. 2005. Key Amendments to National Tariff Policy To increase solar RPOs to 8% by FY-22 (Pres
Slide 15: Renewable Purchase Obligation
Renewable Purchase Obligation • Renewable Purchase Obligation („RPO‟) is the Official targets for capacity addition in 2014-2022 (MW) requirement set by the Central Electricity Regulatory Region Solar Wind Hydro Biomass Commission (CERC) for an obligated entity to purchase electricity from renewable
Slide 16: Regulatory Highlights
Regulatory Highlights To meet the renewable purchase obligation as mandated by the government, the sector has seen significant impetus by various Government bodies as mentioned below: 1. RBI Priority Sector Lending to Renewable Sector 2. Supreme Court Judgment • In a landmark judgement on May 13, 20
Slide 17: Business Models for a Solar Plant
Business Models for a Solar Plant PPA Mechanism Sale to Utility Solar Radiation Electricity Generation Funds from Sale Nodal Agency Bundled Power Utility REC Mechanism Sale through State tariff policy Utility / Private or private consumers Consumer Funds from Sale RPO Mechanism REC - Market Price IP
Slide 18: REC vs Preferential Tariff
REC vs Preferential Tariff REC Projects PPA Projects Through Not eligible for REC Open Access RECs Get RECs Trading competitive RECs trading bidding High but variable Average but fixed returns Variable Tariff $ returns Fixed Tariff Unlimited Any Capacity >250 above 250 kw allotments due to huge dema
Slide 19: REC Mechanism
REC Mechanism Key Salient Features of REC Mechanism • It is a market based instrument created to promote renewable energy and Solar facilitate renewable purchase obligations (RPO). However, RE generators REC with existing PPAs are not eligible for REC mechanism. • 1 REC = 1 MWh of renewable electric
Slide 20: Business Overview
Business Overview Solar Power Production Solar Plants – O&M Solar Solutions Transformers Division & Sale via REC Activities ● Owns & operates 15 MWp ● Extension of Solar ● Successfully extended solar power plants Solutions Business its product range Ujaas Parks EPC Rooftop Home ● Developer of solar
Slide 21: Economics of a Solar Power Plant
Economics of a Solar Power Plant Average 1 MW Solar Power Park Cost Revenue Stream for an Ujaas Parks Customer Breakup Sale of Power Intangible Services include: • Environmental • Other permissions Power generated to be sold to Large power (HT) consumers, State Clearances and approvals Electricity b
Slide 22: UJAAS Parks
UJAAS Parks A Total Turnkey Phases in Project Under the UJAAS Parks segment, the company takes care of: Solution Development Land: Land selection for the Solar Power Plant plays a critical role in power Project generation. Land bank is available with UEL, having the clear title without any Developme
Slide 23: Some of UJAAS' Clients
Some of UJAAS’ Clients Dharampal Premchand Limited 23
Slide 24: UJAAS EPC
UJAAS EPC Over 35 years experience in the power sector with a track record of over 200 MWp in the solar sector. Experience in ground mounted projects with a capability to do specialized projects across various terrains such as canal bank, desert, loose soil, seashore. ISO 9001:2008, ISO 14001:2004 a
Slide 25: UJAAS Rooftop
UJAAS Rooftop • With UJAAS Rooftop, the company brings the power of the sun to investor‟s doorstep. Offering small grid connected/off-grid solutions to the customer, Ujaas provides customers an opportunity to produce clean energy that are easy to install, operate and offer cost effective access to s
Slide 26: UJAAS – Projects
UJAAS – Projects PARKS Type – Grid Connected Solar Power Plant Type – Grid Connected Solar Power Plant Type – Grid Connected Solar Power Plant City – Barod, M.P | Capacity – 28.22 MWp City – Ichhawar, M.P | Capacity – 31.78 MWp City – Rojhani, M.P. | Capacity – 32.96 MWp EPC Client – Oil India Limit
Slide 27: Strong O&M Capabilities
Strong O&M Capabilities Cable Fault Thermography Locater Centralized Optimum Monitoring Annual O&M System Cost Mechanized Cleaning Preventive Maintenance Solution Possesses strong O&M capabilities with more than 200MWp under long term O&M Better Generation Efficient Use of Water in Numbers Cleaning
Slide 28: Financial Performance
FINANCIAL PERFORMANCE 28
Slide 29: Income Statement
Income Statement Particulars (INR. Mn) FY11 FY12 FY13 FY14 FY15 FY16 9M FY17 Total Income* 339 370 2,480 5,332 1,133 2,795 3,168 Operating Expenses 305 336 1,972 4,341 688 2,146 2,627 EBITDA 34 34 508 991 445 649 541 EBITDA Margin (%) 10.03% 9.19% 20.48% 18.58% 39.28% 23.22% 17.08% Finance Cost 19 1
Slide 30: Standalone Balance Sheet
Standalone Balance Sheet Particulars (INR Mn) FY14 FY15 FY16 H1FY17 Particulars (INR Mn) FY14 FY15 FY16 H1FY17 EQUITIES & LIABILITIES Assets Shareholder Funds Non-current Assets (a) Share Capital – Equity 200 200 200 200 Fixed Assets (b) Reserves & Surplus 1,428 1,533 1,724 1,893 (a) Tangible Assets
Slide 31: Financial Performance
Financial Performance Income* (INR Mn) EBIDTA (INR Mn) PAT (INR Mn) 991 374 6,000 5,332 1000 400 800 649 300 4,000 208 2,795 600 445 200 400 117 2,000 1,133 100 200 0 0 0 FY14 FY15 FY16 FY14 FY15 FY16 FY14 FY15 FY16 ROE & RoCE (%) Net Debt Equity (x) Book Value per Share (INR) 50 ROE RoCE 9.6 0.60 0
Slide 32: Disclaimer
Disclaimer Ujaas Energy Ltd. Disclaimer: No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all