Suzlon Energy Ltd · NSE:SUZLON
Suzlon Energy — Q3 FY25 Earnings Presentation
29 slides from Suzlon Energy's earnings presentation, Jan 28, 2025
Slide 1: Suzlon Energy Limited Investor Presentation Q3 FY25
Suzlon Energy Limited Investor Presentation Q3, FY25 28th January 2025 Suzlon Wind Farm, Gondal, 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: India energy transition to boost Wind & Solar installations
India energy transition to boost Wind & Solar installations Solar, 1,200 (57%) Hydro Solar, Fossil 78 (10%) 293 (38%) Fuel Hydro Fossil Fuel 277 52 (11%) 244 (53%) (35%) Dec’24 By 2030 By 2047 462 GW^ 777 GW* 2,100 GW** Solar 98 (21%) Wind Others Wind run-rate: 5-10 GWPA Wind run-rate: 20-50 GWPA 48
Slide 5: 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. By 2047, electricity demand to hit 708 GW, requiring a fourfold capacity India's $5 trillion vision by 2030 increase to 2,100 GW, with wind at 400 GW* • Urbanization, data centers
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* 31% Global installed Wind Cumulative market energy capacity share in India 7,800+ Own WTG Technology & in-house R&D, well established Global workforce product portfolio *Includes installed capacity of 15 GW in India As on 31st Dec 2024 7
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 31st Dec 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 ~4,500* MW capacity to cater to the market India’s wind
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 5 GW of firm orders, making it Suzlon Wind Farm, Gondal dominant product for India market Gujarat Commercial production is in full swing to meet the robust order boo
Slide 12: Overview of India OMS capabilities
Overview of India OMS* capabilities Key Metrics Presence in all windy states in India Installed base as on 15 GW 9,900+ USD 10 Bn 31st Dec 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 31% sha
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 3,016 MW 1,905 MW 148 MW 963 MW Asset Under Wind Solar BOP Management 344 MW Rajasthan 152 MW Madhya Pradesh 15 37 875+ 200+ Different OEM Models being Manpower Satisfied 8
Slide 14: Wind Order Book
Wind Order Book Wind Order Book (in MW) WTG model mix Project segment mix 241% Central & S144 92% State 21% Auctions 5,521 Captive/ 5,035 C&I/Retail 58% 4,731 S120 21% 3,817 8% PSU 2,929 2,290 Scope mix State mix Non KA EPC 26% 81% AP 12% RJ Dec'23 Mar'24 Jun'24 Sep'24 Dec'24 Jan'25^ 11% GJ 37% Orde
Slide 15: Pioneering the Future: Leaders at the Helm
Pioneering the Future: Leaders at the Helm Vinod Tanti Girish Tanti JP Chalasani Himanshu Mody Rajendra Mehta Sandeep Chowdhury Chairman & Group CHRO Group General Counsel Vice Chairman Group CEO Group CFO Managing Director Tulsi Tanti Founder, Late Chairman and Managing Director Bernhard Telgmann V
Slide 16: Awards and Recognition
Awards and Recognition GWEC CII CFO Great Indian The Asian D & B India’s 500 Board Excellence Plant Leaders Business Value Creators Suzlon Group's Girish CFO Excellence Awards Great Indian Industry of Suzlon Energy Australia Suzlon featured in Dun & Tanti elected as the Vice- 2023-24 under the the Y
Slide 17: ESG landscape: Making meaningful impact and earning recognitions
ESG landscape: Making meaningful impact and earning recognitions Ratings ESG Rating upgraded by 22 77/100 in ESG Ratings “Medium” category in ESG “Adequate” score in ESG Rated “Medium Risk” in 2023 points Ratings Ratings (Revised Score in 2024 awaited) Awards Memberships Global Award Sustainability
Slide 18: Financial Performance
INDUSTRY OUTLOOK SUZLON STRENGTHS FINANCIAL PERFORMANCE 18 Suzlon Wind Farm, Hallett, Australia
Slide 19: Key highlights
Key highlights ✓ Achieved record quarterly deliveries of 447 MW, with consolidated revenue soaring to ₹2,969 Cr ✓ EBITDA hits ₹500 Cr for Q3 FY25, with PAT of ₹388 Cr ✓ Manufacturing capacity reached 4.5 GW, with revamped Pondicherry and Daman Nacelle Facilities ✓ Unmatched in the industry, highest-
Slide 20: Exceptional Q3 FY25 performance, marked by impressive growth
Exceptional Q3 FY25 performance, marked by impressive growth Deliveries (MW) 75% QoQ 163% YoY Revenue (₹ Cr.) 42% QoQ 91% YoY 447 2,969 2,093 256 1,553 170 Q3FY24 Q2FY25 Q3FY25 Q3FY24 Q2FY25 Q3FY25 EBITDA (₹ Cr.) 70% QoQ 102% YoY PAT (₹ Cr.) 93% QoQ 91% YoY 500 388 294 248 203 201 Q3FY24 Q2FY25 Q3FY
Slide 21: Strong operational performance for 9M FY25 aided by higher deliveries
Strong operational performance for 9M FY25 aided by higher deliveries Deliveries (MW) 124% YoY Revenue (₹ Cr.) 64% YoY 977 7,078 4,257 4,318 482 437 9M FY23 9M FY24 9M FY25 9M FY23 9M FY24 9M FY25 EBITDA (₹ Cr.) 73% YoY PAT (₹ Cr.) 120% YoY 1,164 891 671 599 406 98 9M FY23 9M FY24 9M FY25 9M FY23 9M
Slide 22: 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 Deliveries (MW) 977 Installations (MW) 882 2.3 2.3 808 664 710 618 459 495 459* 437 1.1 241 FY22 FY23 FY24 9MFY25^ FY22 FY23 FY24 9MFY24^ 9MFY25^ Source: Directory Indi
Slide 23: 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 1,426 13.9 1,280 13.4 47.3% 42.9% 40.1% 40.5% 40.1% 741 715 721 513 577 FY22 FY23 FY24 9MFY24^ 9MFY25^ FY22 FY23 FY24 9MFY25^ Key Stre
Slide 24: 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% 36% 43% 477 472 483 477 472 482 16.6% 321 77 86 15.7% 324 324 175 321 13.3% 12.4% 8.8% 118 137 79 76 400 386 4
Slide 25: Consolidated Income Statement
Consolidated Income Statement (₹ Cr.) Q3 FY25 Q2 FY25 Q3 FY24 9M FY25 9M FY24 FY24 Particulars Unaudited Unaudited Unaudited Unaudited Unaudited Audited Net Volumes (MW) 447 256 170 977 437 710 Net Revenue 2,969 2,093 1,553 7,078 4,318 6,497 Contribution 998 734 565 2,444 1,616 2,348 Contribution Ma
Slide 26: Consolidated Balance Sheet
Consolidated Balance Sheet (₹ Cr.) Dec-24 Mar-24 Mar-23 Particulars Unaudited Audited Audited Equity & Liabilities Net Worth 4,914 3,920 1,099 Non-Controlling Interests 199 - - Borrowings (non-current and current) 230 110 1,905 Non-current Liabilities 856 200 206 Current Liabilities 4,285 2,948 2,31
Slide 27: 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 28: 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 29: Thank You!
Thank You! Email contact for queries: investorrelations@suzlon.com Suzlon Wind Farm, Weltur, Maharashtra 29