Sterling And Wilson Renewable Energy Limited · NSE:SWSOLAR
Sterling And Wilson Renewable Energy — Q3 FY2023 Earnings Presentation
18 slides from Sterling And Wilson Renewable Energy's earnings presentation, Jan 19, 2023
Slide 1: Covering letter to stock exchanges
January 19, 2023 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street Bandra Kurla Complex Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scrip Code: 542760 Symbol: SWSOLAR Dear Sir/ Ma’am, Sub.: Investor presentation on the Unaudited Standalon
Slide 2: The future of solar energy is – Investor Presentation 3Q FY23
The future of solar energy is STERLING AND WILSON RENEWABLE ENERGY LIMITED Investor Presentation – 3Q FY23 ONE OF THE LEADING SOLAR EPC AND O&M SOLUTIONS PROVIDER IN THE WORLD 19 Jan 2023
Slide 3: Disclaimer
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Sterling and Wilson Renewable Energy Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for
Slide 4: Who We Are
| WHO WE ARE Leading Solar EPC and O&M Solutions Provider Market Leader Leading Solar EPC We offer Design, Detailed Engineering, Procurement, Construction, Installation, solutions provider in Commissioning and Operations & Maintenance services under turnkey EPC and BoS the world (Balance of System)
Slide 5: A Global Leader in Solar EPC in 8 Years
| A GLOBAL LEADER IN SOLAR EPC IN 8 YEARS 2018 2022 Expanded operations in Reliance New Energy 2016 Australia by acquiring a 2020 acquired 40% stake in controlling stake in GCO Sterling and Wilson Diversified into Ranked 2nd largest O&M Electrical Pty Ltd Renewable Energy Limited Rooftop Solar playe
Slide 6: What Differentiates Us
| WHAT DIFFERENTIATES US Cost Effective Leveraging the Low-Cost India Base for global execution providing cost Expeditious competitive solutions Quick Decision Making & well-defined internal processes leading to timely execution Global Presence One of the only Global Pure-Play Solar EPC players with
Slide 7: Across the Globe
| ACROSS THE GLOBE UK Kazakhstan Jordan Spain USA USA Egypt Vietnam 454.73 MWp Morocco UAE Saudi Arabia Thailand Mexico MENA Mali 1,962.48 MWp Oman Philippines India India Malaysia Kenya 8,223 MWp Indonesia Tanzania Zambia Singapore Namibia Southeast Asia Latin America 323.18 MWp 575.30 MWp Chile Ar
Slide 8: Solar is Cheaper.. Faster.. Consistent
| SOLAR IS CHEAPER.. FASTER.. CONSISTENT SOLAR PV LCOE IS NOW THE LOWEST GLOBALLY $/MWh 150 149 Onshore wind Fixed-axis PV Tracking PV 120 Coal Gas 85 90 81 82 74 69 60 46 45 40 30 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2014 2015 2016 2017 2018 2019 2020 2021 2022 Source: BNEF (1) The gl
Slide 9: Solar Installations to Grow at ~15% CAGR in Key Markets
| SOLAR INSTALLATIONS TO GROW AT ~15% CAGR IN KEY MARKETS Annual Utility-Scale PV installations 2019 2021 2022E 2025E CAGR 21-25E (GW) India 9.8 10.8 11.8 18.6 14.6% South-East Asia & Australia 1.7 1.9 3.3 4.8 41.3% Middle East and North Africa 3.8 2.9 5.1 9.8 35.6% Rest of Africa 1.2 1.7 2.0 4.0 23
Slide 10: Key Costs Are on the Decline
| KEY COSTS ARE ON THE DECLINE Australia LATAM 0.28 0.27 0.27 18,400 0.25 14,000 (price in USD per Wp) ** (per 40 feet container) Freight rates Ex China Module price trends 0.23 11500 9300 10,000 0.22 8,000 7,500 0.19 4900 3,500 3,500 2000 1,800 4,000 2,500 Sep ’20 Mar ’21 Sep ‘21 Mar ’22 Jun ‘22 Se
Slide 11: 3Q FY 2023
STERLING & WI LsoncA> | 3Q FY 2023 “
Slide 12: Key Highlights for 3Q FY23
| KEY HIGHLIGHTS FOR 3Q FY23 • Company has been awarded two new contracts in India for Solar • Net debt of Rs 1,374 crore as of 31 December 2022 EPC from Amplus and Ampyr for projects located in Bikaner, Rajasthan and Koppal, Karnataka respectively • Advance and performance bank guarantees encashed
Slide 13: Consolidated Profit & Loss – 3Q FY23
| CONSOLIDATED PROFIT & LOSS – 3Q FY23 INR Crore Q3FY23 Q3FY22 Q2FY23 9MFY23 9MFY22 FY2022 • Revenue increased by 1.7% QoQ aided by higher contribution from Revenue from Operations * 410 1,495 403 2,022 4,128 5,199 O&M segment. For 9MFY23, revenue has decreased by 51.0% YoY Gross Margin (post projec
Slide 14: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET INR Crore Dec-22 Sep-22 Breakdown of Net Debt (INR Crore) Dec-22 Sep-22 Sources of Funds Term debt 1,050 700 Shareholders Funds 218 338 Working capital related debt 505 613 Borrowings from Banks 1,555 1,313 Total 1,773 1,651 Total Debt 1,555 1,313 Application of Funds Less
Slide 15: New Orders/ MoUs Announced in 9MFY23
| NEW ORDERS/ MoUs ANNOUNCED IN 9MFY23 • Aggregate capacity of 242 MW DC • Project located at Bikaner, Rajastan • Sterling and Wilson Solar Solutions, Inc (SWSS), the US step down subsidiary signed a MOU with the • Aggregate capacity of 60 MW DC Government of the Federal Republic of Nigeria, along w
Slide 16: Order Book & Pipeline
| ORDER BOOK & PIPELINE Unexecuted Order Value Movement Gross UOV as on 18 January 2023 +2,222 -929 USA LATAM -1,878 6.5% 1.4% Australia 8.4% +35 3,253 2,703 India 83.7% UOV as on 31 Forex Order inflow Order exited in Projects UOV as on 18 Mar 2022 adjustments 2QFY23 executed in 9M Jan 2023 FY23 FY2
Slide 17: Way Forward - Regain the Position of World's Largest Solar EPC Player
| WAY FORWARD - REGAIN THE POSITION OF WORLD’S LARGEST SOLAR EPC PLAYER Industry Target large Expand new Grow O&M Outlook EPC markets businesses Portfolio • Unprecedented commodity super • Reliance group’s investment in • Round-The-Clock Renewable • O&M market size to grow as more cycle over last 2
Slide 18: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : Sterling and Wilson Renewable Energy Limited Strategic Growth Advisors Private Limited CIN: L74999MH2017PLC292281 CIN: U74140MH2010PTC204285 Mr Sandeep Mathew Mr Jigar Kavaiya / Mr. Parin Narichania Head – Investor Rela
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