Suzlon Energy Ltd · NSE:SUZLON
Suzlon Energy — Q2 FY25 Earnings Presentation
28 slides from Suzlon Energy's earnings presentation, Oct 28, 2024
Slide 1: Suzlon Energy Limited Investor Presentation Q2 FY25
Suzlon Energy Limited Investor Presentation Q2, FY25 28th October 2024 Suvarda Wind Farm, Gujarat, India 1
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Suzlon Energy Limited (the “Company”), have been prepared solely for information purposes and DOES not constitute any offer, recommendation or invitation to purchase or subscribe for any securi
Slide 3: Industry Outlook, Suzlon Strengths, Financial Performance
INDUSTRY OUTLOOK SUZLON STRENGTHS FINANCIAL PERFORMANCE Suvarda Wind Farm, Gujarat, India 3
Slide 4: Industry in an upcycle with long term structural tailwinds
Industry in an upcycle with long term structural tailwinds Strong domestic demand outlook Key demand drivers for Wind 1. Onshore wind potential: 695 GW (120m HH) and 1,164 GW (150m HH) India's $5 trillion vision by 2030 • Urbanization, data centers, and electric vehicle adoption are driving demand.
Slide 5: Renewable Energy growth to be driven by Wind & Solar
Renewable Energy growth to be driven by Wind & Solar Installed power generation capacity mix (GW) Hydro 500 GW of Solar, Fossil 50% renewables in 78 (10%) non-fossil fuel 293 (38%) Fuel the energy mix by energy capacity by Fossil Fuel 277 2030 Hydro 2030 243 (54%) (35%) 52 (12%) 45% reduction PANCHA
Slide 6: Suzlon Strengths
INDUSTRY OUTLOOK SUZLON STRENGTHS FINANCIAL PERFORMANCE Suvarda Wind Farm, Gujarat, India 6
Slide 7: Suzlon's competitive edge
Suzlon’s competitive edge 20.9 GW* 32% Global installed Wind Cumulative market energy capacity share in India 7,700+ Own WTG Technology & in-house R&D, well established Global product portfolio workforce** *Includes installed capacity of 15 GW in India As on 30th Sep 2024 **Increase in the global wo
Slide 8: Suzlon's strength
Suzlon’s strength No.1 OEM in India’s Renewable Sector End-to-end Pan India Technology service provider presence leadership Best-in-class Strong customer 29 Years service capabilities relationship track record Strong presence across value chain & customer segments As on 30th Sep 2024 8
Slide 9: Key clientele among marquee customers globally
Key clientele among marquee customers globally And many more customers….. 9
Slide 10: Footprint across India: Boosting manufacturing capabilities
Footprint across India: Boosting manufacturing capabilities Best-in-class manufacturing capability Vertically integrated low-cost supply chain Manufacturing locations across India* India manufacturing Sufficient & flexible manufacturing capacity ~3,150* MW capacity to cater to the market India’s win
Slide 11: S144: Made in India, Made for India
S144: Made in India, Made for India S144 Major Update Product designed for the Indian market to capitalize on low wind conditions Over 4.7 GW of firm orders, making it the Suzlon Wind Farm, Gondal preferred turbine for Indian customers Gujarat Production is in full swing to meet a robust order book
Slide 12: Overview of India OMS capabilities
Overview of India OMS* capabilities Key Numbers Presence in all windy states in India Installed base as on 15.0 GW 9,900+ USD 10 Bn 30th Sep 2024 of 15 GW Installed base Turbines Assets under management 2.3 GW Rajasthan 0.5 GW Madhya Pradesh 1,900+ 94 4,000+ Customers Sites Team 4.2 GW Gujarat 32% s
Slide 13: Renom: The ultimate Multi-Brand O&M solution
Renom: The ultimate Multi-Brand O&M solution Assets spread across states Competence of handling multi technology under one roof 2,933 MW 1,822 MW 148 MW 963 MW Asset Under Wind Solar BOP Management 349 MW Rajasthan 152 MW Madhya Pradesh 15 37 850+ 200+ Different OEM Models being Manpower Satisfied 8
Slide 14: Wind Order Book
Wind Order Book WTG model mix Project segment mix Wind Order Book (in MW) Central & 3.2x S144 State 91% 24% Auctions Captive/ 5,131 C&I/Retail 54% 4,731 23% S120 3,817 9% PSU 2,929 2,290 Scope mix State mix 1,613 Non GJ EPC 33% 78% TN 6% KA MH Sep'23 Dec'23 Mar'24 Jun'24 Sep'24 Oct'24^ 8% 23% EPC* R
Slide 15: Leaders Steering our Future
Leaders Steering our Future Vinod Tanti Girish Tanti JP Chalasani Himanshu Mody Rajendra Mehta Bernhard Telgmann Sandeep Chowdhury Chairman & Vice Chairman Group CEO Group CFO Group CHRO Group CTO Group General Counsel Managing Director Tulsi Tanti Founder, Late Chairman and Managing Director Vivek
Slide 16: Awards and Recognition
Awards and Recognition GWEC CII CFO Great Indian PHDCCI The Asian Board Excellence Plant Leaders Business Suzlon Group's Girish CFO Excellence Awards Great Indian Industry of 4th International Climate Suzlon Energy Australia Tanti elected as the Vice- 2023-24 under the the Year Sustainability Summit
Slide 17: Financial Performance
INDUSTRY OUTLOOK SUZLON STRENGTHS FINANCIAL PERFORMANCE 17 Suzlon Wind Farm, Hallett, Australia
Slide 18: Key highlights of financial performance
Key highlights of financial performance ✓ Achieved remarkable quarterly performance with year-on-year growth in all key parameters ✓ EBITDA of Rs 664 crore for H1 FY25, and Rs 294 crores for Q2 FY24 ✓ H1 FY25 PAT surges 147% to Rs 503 crore ✓ Net cash position of Rs 1,277 crores as on 30th Sep 2024
Slide 19: Exceptional performance, marked by impressive YoY growth
Exceptional performance, marked by impressive YoY growth Volume Revenue EBITDA PAT 530 MW Rs 4,109 Cr Rs 664 Cr Rs 503 Cr Half Yearly 99% 49% 57% 147% 267 MW Rs 2,765 Cr Rs 424 Cr Rs 203 Cr Volume Revenue EBITDA PAT 256 MW Rs 2,093 Cr Rs 294 Cr Rs 201 Cr Quarterly 94% 48% 31% 96% 132 MW Rs 1,417 Cr
Slide 20: Core Business: Consistently delivering business performance
Core Business: Consistently delivering business performance (₹ Cr.) Revenue EBITDA 6,520 6,497 1,029 5,947 889 832 4,109 664 2,765 424 FY22 FY23 FY24 H1FY24^ H1FY25^ FY22 FY23 FY24 H1FY24^ H1FY25^ Gross Debt PAT 660 6,391 503 167 203 1,905 110 232 -177 FY22 FY23 FY24 H1FY25^ FY22 FY23^^ FY24 H1FY24^
Slide 21: WTG Division – Key performance indicators
WTG Division – Key performance indicators Wind capacity additions in India (in GW) Deliveries & Installations by Suzlon (in MW) 3.3 882 Deliveries (MW) 808 Installations (MW) 710 2.3 664 495 530 459 452 1.5 1.1 267 201 FY22 FY23 FY24 H1FY25^ FY22 FY23 FY24 H1FY24^ H1FY25^ Source: Directory Indian Wi
Slide 22: OMS India Division – Key performance indicators
OMS India Division1 - Key performance indicators Revenue & EBITDA trend (Rs. in Cr.) Installed Capacity Base (GW) Revenue EBITDA EBITDA % 15.0 1,798 14.7 1,668 1,566 13.9 13.4 47.3% 42.9% 40.1% 858 38.0% 931 40.7% 741 715 721 326 379 FY22 FY23 FY24 H1FY24^ H1FY25^ FY22 FY23 FY24 H1FY25^ Key Strength
Slide 23: SE Forge (Foundry & Forging) – Key performance indicators
SE Forge (Foundry & Forging) – Key performance indicators Operating Revenue & EBITDA trend (Rs in Cr.) Revenue (Rs in Cr.) Suzlon Others Suzlon share Op. Revenue EBITDA EBITDA % 16% 18% 36% 32% 41% 477 472 483 477 472 482 16.6% 77 86 15.7% 175 236 12.5% 10.9% 235 79 8.8% 76 175 175 400 386 75 41 307
Slide 24: Consolidated Income Statement
Consolidated Income Statement (₹ Cr.) Q2 FY25 Q2 FY24 Q1 FY25 H1 FY25 H1 FY24 FY24 Particulars Unaudited Unaudited Unaudited Unaudited Unaudited Audited Net Volumes (MW) 256 132 274 530 267 710 Net Revenue 2,093 1,417 2,016 4,109 2,765 6,497 Contribution 734 546 712 1,446 1,052 2,348 Contribution Ma
Slide 25: Consolidated Balance Sheet
Consolidated Balance Sheet (₹ Cr.) Sep-24 Mar-24 Mar-23 Particulars Unaudited Audited Audited Equity & Liabilities Net Worth 4,495 3,920 1,099 Non-Controlling Interests 198 - - Borrowings (non-current and current) 232 110 1,905 Non-current Liabilities 821 200 206 Current Liabilities 3,902 2,948 2,31
Slide 26: Glossary
Glossary 1. AEP – Annual Energy Production 17. LCoE – Levelized Cost of Energy 2. BOP – Balance of Plant 18. MNRE – Ministry of New And Renewable Energy 3. BESS – Battery Energy Storage System 19. MT – Metric Ton 4. C&I – Commercial and Industrial 20. MW – Megawatt 5. CEA - Central Electricity Autho
Slide 27: References
References https://www.seci.co.in/ https://cea.nic.in/ https://mnre.gov.in/ https://niwe.res.in/ https://powermin.gov.in/ https://www.mercomindia.com/ http://www.cercind.gov.in/ https://gwec.net/globalwindreport2023/ https://gwec.net/india-wind-energy-market-outlook-2023-2027-report/ https://www.cri
Slide 28: Thank You!
Thank You! Email contact for queries: investorrelations@suzlon.com Suzlon Wind Farm, Weltur, Maharashtra 28