Inox Wind Ltd. · NSE:INOXWIND
Inox Wind — Q3 FY22 Earnings Presentation
24 slides from Inox Wind's earnings presentation, Feb 11, 2022
Slide 1: Exchange filing cover letter for earnings presentation
D.l~Wi"] Greening INDIA IWL: NO!: 170: 2022 11thFebruary, 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
Slide 2: Inox Wind Limited Q3 - FY22 Investor Update
INOX WIND LIMITED Q3 - FY22 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 – Q3 FY22
OPERATIONAL HIGHLIGHTS – Q3 FY22 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 –
Slide 7: Strategic Initiatives - FY22 & Onwards: Balance Sheet Actions
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 O&M Business IGESL has filed DRHP* for an IPO *https://www.sebi.gov.in/filings/publ
Slide 8: 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. All the key components of 3.3 MW (including blades) have arrived, exc
Slide 9: Group Structure & Business Overview
GROUP STRUCTURE & BUSINESS OVERVIEW 8
Slide 10: 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, established more than 90 years ago, is a well regarded multi Billion USD group with diversified presence across multiple business verticals. It includes 4 listed companies with a combi
Slide 11: Inox Wind, Its Holding Company & Subsidiaries
INOX WIND, IT’S HOLDING COMPANY & SUBSIDIARIES Inox Wind Energy Limited (IWEL) 50.53% Inox Wind Limited (IWL) 100% 94.59% 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 leadi
Slide 12: Wind Power Industry – Witnessing Strong Revival
WIND POWER INDUSTRY – WITNESSING STRONG REVIVAL 11
Slide 13: Wind Sector: Gaining Strength
WIND SECTOR : GAINING STRENGTH Wind Power - Installations Wind Power - Auctions Auction Period Volume (MW) Yearly Volumes (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 14: 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 15: 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 16: IWL – Order Book & Manufacturing Capacity
IWL – ORDER BOOK & MANUFACTURING CAPACITY 15
Slide 17: Strong Order Book for IWL
STRONG ORDER BOOK FOR IWL Particulars Capacity MW Auction based order book 1100 Others 118 Supplied (464) Net order book (A) 754 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 18: 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 19: Wind O&M Business – Emerging into a Growth Driver
WIND O&M BUSINESS – EMERGING INTO A GROWTH DRIVER 18
Slide 20: 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 pr
Slide 21: IWL – Consolidated Financial Highlights
IWL – CONSOLIDATED FINANCIAL HIGHLIGHTS 20
Slide 22: Financial Highlights
FINANCIAL HIGHLIGHTS Financials Revenue and EBITDA compared to preceding quarter : • Total revenue of Rs. 186 Crs in Q3 FY22 against revenue of Rs. 168 Crs in Q2 FY22 • EBITDA of Rs. 1.88 Crs in Q3 FY22 against EBITDA of Rs. 4.87 Crs in Q2 FY22. Revenue and EBITDA compared to corresponding 9 mon
Slide 23: Financials – Consolidated P&L Statement
FINANCIALS – CONSOLIDATED P&L STATEMENT Q3FY22 Q3FY21 Q2FY22 9Months FY22 9Months FY21 FY21 Particulars (In Rs Lakhs) (In Rs Lakhs) (In Rs Lakhs) (In Rs Lakhs) (In Rs Lakhs) (In Rs Lakhs) Income a) Revenue from operation (net of taxes) 15,202 20,380 16,584 48,723 47,155 71,073 b) Other Income 3,388
Slide 24: Thank You
THANK YOU Jitendra Mohananey Group Financial Controller Contact No: 0120 6149600 Email : Investors.iwl@inoxwind.com 23