Gensol Engineering Limited · NSE:GENSOL
Gensol Engineering — Investor Presentation (June 2022)
51 slides from Gensol Engineering's investor presentation, June 2022
Slide 1: Empowering Future, Exploring Energy Alternatives
Empowering Future Exploring Energy Alternatives www.gensol.in Investor Memorandum I Jun’22
Slide 2: Important Disclosure
Important Disclosure This presentation (the “Investment memorandum”) prepared by Gensol group (mentioned here with brand name “Gensol) , is provided for the exclusive use of the persons to whom it is provided and their advisers in connection with a transaction concerning Gensol's fund raising projec
Slide 3: Index
Index Introduction to Competitive Company Benchmarking Financials Market Overview Our Solution 3
Slide 4: Introduction to Company
Introduction to Company One of the Largest Solar EPC business groups in India.
Slide 5: About Gensol
Introduction to Company Market Overview Our Solution Competitive Benchmarking Financials About Gensol Gensol is world’s leading solar solution provider and India’s largest renewable energy engineering business group. Gensol was incorporated in 2012, & since then driven by experienced team of Managem
Slide 6: Introduction to Management
Introduction to Company Market Overview Our Solution Competitive Benchmarking Financials Introduction to Management Promoters Anmol Singh Jaggi, Puneet Singh Jaggi, Chairman & Managing Director Whole Time Director Building India's largest & most responsible B2C electric mobility business at Firs
Slide 7: Services offered by Gensol
Introduction to Company Market Overview Our Solution Competitive Benchmarking Financials Services offered by Gensol Engineering EV Leasing Project Strom 1 and EPC 2 Business 3 (EV Manufacturing Business) Electric Car Leasing to Mobility Solar EPC 350 MW platform Services Products offered Car (Pa
Slide 8: Engineering and EPC: Solar EPC Services
Introduction to Company Market Overview Our Solution Competitive Benchmarking Financials 1. Engineering and EPC Solar EPC Services 350 MW 225+ Projects 140+ Clients Ground Mounted 197 MW Roof Mounted 149.5 MW Superstructure 3 MW Floating Solar 0.5 MW Key Clients YOKOHAMA 8
Slide 9: Solar EPC Credentials
Introduction to Company Market Overview Our Solution Competitive Benchmarking Financials Solar EPC Credentials Ground Mounted Roof Mounted Superstructure 2 MW Two Rivers Mall – 40 MW Golden Hatcheries, Karnataka 4.7 MW across 60 roofs, Rattan India, MP Carport Solar, Kenya Golden Hatcheries 9 MW, As
Slide 10: Leasing Business
Introduction to Company Market Overview Our Solution Competitive Benchmarking Financials 2. Leasing Business Gensol engaged in the business of Buy-and- Lease of EV Cars with reputed ride hailing company, earns lease 700+ 3000+ INR 267 Cr rental income on it. Cars as on Jun’22 Cars on lease Loan Sanc
Slide 11: Group Structure
Introduction to Company Market Overview Our Solution Competitive Benchmarking Financials Group Structure Gensol Engineering Limited Holding Company Holding company Management : experienced professionals & dedicated to the Solar & energy business for more than a decade in India. Listed on SME BSE
Slide 12: Corporate Structure
Introduction to Company Market Overview Our Solution Competitive Benchmarking Financials Corporate Structure Anmol Jaggi Puneet Jaggi CMD DIRECTOR Ali Imran Naqvi Rajesh Parmar Jabir Mehendi Aga COO CS & Compliance CFO Project Strom (EV Manufacturing Business) Pratik Gupta Pranay Mundra CEO Presiden
Slide 13: Project Strom, at a glance
Introduction to Company Market Overview Our Solution Competitive Benchmarking Financials Project Strom, at a glance Project Strom is involved in manufacturing of 3- wheeler Personal & Cargo mobility EVs. Offers urban mobility solutions. Car (Passenger Vehicle/Fleet) : A fully air-conditioned, two- s
Slide 14: Market Overview
Market Overview Marketing without market research is like driving with your eyes closed – Dan Zarrella
Slide 15: EV hatchbacks in the <6 lakhs range is a white space
Introduction to Company Market Overview Our Solution Competitive Benchmarking Financials No EV option available for Indian Middle Class EV hatchbacks in the <6 lakhs range is a white space Affordable Scooters Arcimoto Strom Citroen Ami lack safety and The only EV meeting protection from rain, he
Slide 16: EV Market has penetration of ~1% in India
Introduction to Company Market Overview Our Solution Competitive Benchmarking Financials EV Market (both Passenger & Cargo EV) has penetration of ~1% in India 4W Passenger EV Market in India Light Cargo EV Market in India Units, % of total sales, FY17-22 Units, % of total sales, FY17-22 18,0 00 1.00
Slide 17: Growth Drivers for EV market in India
Introduction to Company Market Overview Our Solution Competitive Benchmarking Financials Growth Drivers for EV market in India Favourable Government Charging Battery EV – Priority TCO Policy Push Infrastructure Manufacturing Sector Lending Growth Advancements EVs TCO expected to Demand side Gr
Slide 18: Market Opportunity for Brand X
Introduction to Company Market Overview Our Solution Competitive Benchmarking Financials Market Opportunity for Brand X We estimate the TAM for Brand X to be ~900k units per annum, by FY30 across personal mobility (~670k units) and fleet operator (~230k units) segments Brand X TAM Brand X TAM for fo
Slide 19: 4W PV (EV) market estimated growth by 2030
Introduction to Company Market Overview Our Solution Competitive Benchmarking Financials 4W PV (EV) market estimated growth by 2030 50.0% With a ~30% penetration, Total 4W PV (EV) sales in India are estimated to be ~1.3 2000 45.0% Mn cars per year by FY30. 40.0% Total Passenger EV Sales ‘000 35.0% 1
Slide 20: Estimated EV adoption by Fleet Operators
Introduction to Company Market Overview Our Solution Competitive Benchmarking Financials Estimated EV adoption by Fleet Operators EV Adoption by fleet operators is estimated to reach 50-70% by FY30 on the back of reducing TCOs, policy push and corporate carbon-neutral plans. 500EV Taxi Fleet Sales
Slide 21: Penetration transition: Mass adoption is expected from FY26
Introduction to Company Market Overview Our Solution Competitive Benchmarking Financials Penetration transition: Mass adoption is expected from FY26 4W EV penetration trend in India %, FY17-30F 30.0% Innovation Early Early Mass 23.0% Phase Adoption Majority Adoption 18.0% 14.0% 12.0% 9.0% 5.0% 3.0%
Slide 22: Market Opportunity for Brand X Cargo
Introduction to Company Market Overview Our Solution Competitive Benchmarking Financials Market Opportunity for Brand X Cargo We estimate the TAM for Brand X-Cargo to be ~519k units per annum, by FY30 across 3W Cargo (~388k units) and 4W LGV (~131k units) segments Brand X-Cargo TAM # of cars sold, %
Slide 23: TAM for Brand X Cargo by FY30
Introduction to Company Market Overview Our Solution Competitive Benchmarking Financials TAM for Brand X Cargo (3W Cargo and 4W Light Goods Vehicle(LGV) by FY 30 TAM of ~5,19,000 units represents ~46% of the total cargo sales in FY30 Total 3W+ 4W Cargo Vehicles Sales ‘000,FY22-30F CAGR: 70% 519 379
Slide 24: Our Solution
Our Solution The intelligent, smart, cute and quirky little electric car the 9 year old in you will love.
Slide 25: Our Product
Introduction to Company Market Overview Our Solution Competitive Benchmarking Financials Our Product GEL is a holistic renewable energy solution provider entering the EV market with a 3-wheeler personal mobility and cargo electric vehicle Products offered Project Particulars Price – INR 5-6 lacs P
Slide 26: Product Features and End Use Cases
Introduction to Company Market Overview Our Solution Competitive Benchmarking Financials Product Features and End Use Cases Gensol offers a personal mobility vehicle, targeting customers planning to shift to or add an EV to their current fleet, and a cargo variant for last mile delivery. Key Product
Slide 27: GEL Proposed Plant Location
Introduction to Company Market Overview Our Solution Competitive Benchmarking Financials GEL Proposed Plant Location GEL plans to establish it's manufacturing facility in the Chakan, Pune; largest of the 4 Auto manufacturing clusters in India North Cluster East Cluster West Cluster South Cluster 27
Slide 28: Competitive Benchmarking
Competitive Benchmarking It is nice to have valid competition; it pushes you to do better. – Gianni Versace
Slide 29: Competition for Brand X and Brand X-Cargo
Introduction to Company Market Overview Our Solution Competitive Benchmarking Financials Competition for Brand X and Brand X-Cargo Brand X is expected to compete with entry level EV 4W cars while Brand X-Cargo is expected to compete with EV 3Ws and entry level electric 4Ws cargo vehicles Products of
Slide 30: Existing players focused on INR 10 lakh and above
Introduction to Company Market Overview Our Solution Competitive Benchmarking Financials Existing players are focused on the price range of INR 10 lakh & above Key Players: EV Personal Mobility FY22 Models expected to launch uptil 2025 ORA R2 TATA Sieraa Mahindra XUV300 Electric TATA Curw Mercedes B
Slide 31: Brand X-Cargo offers a differentiated offering
Introduction to Company Market Overview Our Solution Competitive Benchmarking Financials Brand X-Cargo offers a differentiated offering Key Players: EV Personal Mobility FY22 Typical range of these vehicles is 120 - 150 kms, thus they are ideal INR 5 - 8.5 lacs for intra-city deliveries Tata Ace EV
Slide 32: TCO Gap: ICE Vs EV
Introduction to Company Market Overview Our Solution Competitive Benchmarking Financials TCO Gap: ICE Vs EV For a daily use of 30km/day, EV TCOs are more favourable than ICE TCO Gap: Nexon ICE – Nexon EV Salvage value of an EV car is likely to be dependent on various factors like- INR ‘000, FY22-26F
Slide 33: Brand X – TCO comparison
Introduction to Company Market Overview Our Solution Competitive Benchmarking Financials Brand X – TCO comparison Even when compared to the lowest priced ICE vehicles, Brand X is estimated to have a better TCO TCO Gap: Alto 800 – Brand X Salvage value of an EV car is likely to be dependent on variou
Slide 34: Brand X Cargo – TCO comparison
Introduction to Company Market Overview Our Solution Competitive Benchmarking Financials Brand X Cargo – TCO comparison Even when compared to the lowest priced ICE vehicles, Brand X is estimated to have a better TCO TCO Gap: Piaggion Ace ICE – Piaggion Ace Extra EV Salvage value of an EV car is like
Slide 35: Conclusion
Conclusion Promising investment opportunity with Gensol.
Slide 36: An established business with High-Quality Product & Attractive Pricing Model
An established business with High-Quality Product & Attractive Pricing Model Unique Business Model in the Sector Only player in the market backed by renewable energy business group Only player in the market within price range of INR 6 Lakh Multifold financial growth capability Efficient management w
Slide 37: Empowering Future Exploring Energy Alternatives
ADDRESS A2, 12th Floor, Palladium, Opposite Vodafone House, Corporate Road, Prahladnagar, Ahmedabad - 380051 Empowering Future Exploring Energy Alternatives www.gensol.in E-MAIL TELEPHONE xxxxxxxxx@gensol.in +91 xxxxx xxxxx Investor Memorandum I Jun’22
Slide 38: Annexure I
Annexure I Safety of Gensol EV as per the Technical Report
Slide 39: Crash Testing Results
Crash Testing Results Basis crash testing as part of the technical due diligence conducted by Hestocon Certification Services, Gensol EV has a more than adequate safety factor … Impact Safety Factor Description It highlights that the frame will maintain its integrity even Front Impact 1.24 under an
Slide 40: Chassis & Vehicle Frame Strengths
Chassis & Vehicle Frame Strengths …this is achieved through a vehicle frame made of high strength steel alloy and tubular chassis design which allow for greater torsional rigidity. Chassis Strength Particulars Vehicle Frame Strength Particulars Chassis design Frame material Gensol EV’s chassis is
Slide 41: Annexure II: Project Snapshots
Annexure II Project Snapshots
Slide 42: Project Snapshots
| Project Snapshots a GENSOL
Slide 43: Project Snapshots
| Project Snapshots a GENSOL
Slide 44: Project Snapshots
| Project Snapshots a GENSOL
Slide 45: 12,400 kWp KP Group, Ranada, Gujarat
Introduction to Company Market Overview Our Solution Competitive Benchmarking Marketing Strategy Financials Solar EPC Services – Key Projects 12,400 kWp I KP GROUP, Ranada, Gujarat KP Energy is a focused energy company with a strong profile in renewable. We have activities primarily in Gujarat (Indi
Slide 46: 40,000 kWp Golden Hatcheries, Bangalore, Karnataka
Introduction to Company Market Overview Our Solution Competitive Benchmarking Marketing Strategy Financials Solar EPC Services – Key Projects 40,000 kWp I Golden Hatcheries, Bangalore, Karnataka Golden Hatcheries, as someone with huge pile of cash wanted to invest in the upcoming solar technology, f
Slide 47: 8,500 kWp Astral Pipes, Pan India
Introduction to Company Market Overview Our Solution Competitive Benchmarking Marketing Strategy Financials Solar EPC Services – Key Projects 8,500 kWp I Astral Pipes, Pan India Astral Pipes specializes in manufacturing world class plumbing, drainage, fire sprinkler and conduit piping systems for bo
Slide 48: 6,700 kWp Shree Cement, Haryana, Panipat
Introduction to Company Market Overview Our Solution Competitive Benchmarking Marketing Strategy Financials Solar EPC Services – Key Projects 6,700 kWp I Shree Cement LTD, Haryana, Panipat Shree cement limited is one of india’s Top three cement producers and among the fastest growing company. They t
Slide 49: 8,468 kWp Shree Cement, Haryana, Panipat
Introduction to Company Market Overview Our Solution Competitive Benchmarking Marketing Strategy Financials Solar EPC Services – Key Projects 8,468 kWp I Shree Cement LTD, Haryana, Panipat SRF Ltd in Manali & Gummidipoondi, Chennai & Viralimalai, Trichy, Malanpur Gwalior is known to its customer bas
Slide 50: 520 kWp BREDA Patna, Bihar
Introduction to Company Market Overview Our Solution Competitive Benchmarking Marketing Strategy Financials Solar EPC Services – Key Projects 520 kWp I BREDA Patna,Bihar (BREDA) Bihar Renewable Energy Development Agency, has been established to promote development of schemes non- conventional energy
Slide 51: 1,756 kWp Mundra Solar PV Limited, Mundra, Gujarat
Introduction to Company Market Overview Our Solution Competitive Benchmarking Marketing Strategy Financials Solar EPC Services – Key Projects 1,756 kWp I Mundra Solar PV Limited, Mundra, Gujarat Mundra Solar PV Limited has appointed Gensol for EPC service for their emphasized solar PV plants at thei
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