Gensol Engineering Limited · NSE:GENSOL
Gensol Engineering — Q1 FY2025 Earnings Presentation
32 slides from Gensol Engineering's earnings presentation, Aug 13, 2024
Slide 1: Submission of Q1/FY25 Presentation cover letter
Date: August 13, 2024 To, The Corporate Relations Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Plot No. C/1, PJ Towers, 25th Floor, G Block, Bandra-Kurla Complex, Dalal Street, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Company Scrip Code: 542851 S
Slide 2: Q1 FY'25 Results Investor Presentation
Q1 FY’25 Results Investor Presentation Gensol Engineering Ltd. Empowering Future Exploring Energy Alternatives www.gensol.in 1
Slide 3: Safe Harbour
Safe Harbour This presentation by Gensol Engineering Ltd. (mentioned here with brand name “Gensol”) provides general background information about the Company and its activities as on the date of this presentation and is solely for information purposes. Neither this presentation nor any part thereof
Slide 4: Table of Contents
Table of Contents • Industry Overview • Business Overview • Business Segments • Performance Highlights • Appendix- Gensol Corporate Details 3
Slide 5: Industry Overview
Industry Overview 4
Slide 6: Market Tailwinds
India renewable energy market share Market Tailwinds $22 Bn $46.7 CAGR 9% Bn India’s Renewable Energy market growth : Especially Solar FY23 FY32 ● Share of renewable energy in India’s total electricity capacity has increased to 33% in 2024 The Indian government’s visionary policies are continuously
Slide 7: India's Support for RE Growth: BESS
India’s BESS Capacity (GWh) 208 India’s Support for RE Growth: BESS India’s steps to boost the adoption of Energy Storage System ● The Ministry of Power (MoP), in 2022 has notified a year wise trajectory of 0.04 Renewable Purchase Obligations (RPOs) including Energy Storage Obligations 2023 2030 (ES
Slide 8: India's EV Growth & Adoption
EV sales per annum (Mn) India’s EV Growth & Adoption India’s steps to accelerate EV Adoption ● Government policies - FAME II India, PLI Scheme for Automotive, ACC Battery Storage and National Electric Mobility Mission plan & Phased *Economic survey FY23 Manufacturing Program offers incentives, subsi
Slide 9: India's EV Leasing Growth & Adoption
India’s EV Leasing Growth EV Leasing AUM (E3W Cargo, E4W Cargo, E4W Commercial, e-bus) INR’000 Cr 38 & Adoption Benefits of EV Leasing ● Lower fuel and maintenance costs, government incentives, and tax benefits make EV leasing an 12 attractive proposition ● Concerns regarding the rapid depreciation
Slide 10: Business Overview
Business Overview 9
Slide 11: A Key Part of India's Energy Transition Story
A Key Part of India’s Energy Transition Story A Leader in Renewable Energy Thriving in a Booming Market Gensol stands as a formidable entity in With global shifts towards sustainability, solar energy solutions. The company’s the solar energy market is poised for illustrious track record of successfu
Slide 12: Gensol Engineering at a Glance
Gensol Engineering at a Glance 770 MW+ ₹5,025 Cr* Ground mounted, Total order book 500+ rooftop and floating (includes solar, BESS & EV Employees across solar EPC projects leasing) Solar, Leasing and Manufacturing z 33,693 MW+ ₹1,148 Cr* 6,000+ Historical foundation of Trailing Twelve Months EVs on
Slide 13: Key Milestones
Key Milestones Scaling Further On the Path to Transition -Migrated to Main Board on Gensol Engineering both NSE and BSE -Gensol Engineering Ltd. listed Incorporated on BSE SME platform Engineering & strategic -Acquired Scorpius Trackers advisory services for solar - Forayed into EV Leasing PV launch
Slide 14: Business Segments
Business Segments 13
Slide 15: Gensol's Business Segments
Gensol’s Business Segments Solar Financial Year Leasing Manufacturing Solar EPC Solar Panel Tracking Tech EV Leasing EV Manufacturing Amongst India's leading Amongst leading global solar Innovative, tailor-made EV Revolutionizing urban mobility solar EPC firms panel tracking technology leasing & fle
Slide 16: Solar Segment
Solar Segment Key Customers India-wide 500 KW LADAKH installed capacity 28.6 MW 500 KW PUNJAB UTTARAKHAND 18.5 MW REGIONAL OFFICE NCR HARYANA 1,091 KW DELHI 3.5 MW 2.5 MW RAJASTHAN UTTAR PRADESH 500 KW BIHAR 220 MW 17.2 MW GUJARAT MADHYA PRADESH 24 MW WEST BENGAL CORPORATE OFFICE AHMEDABAD 25.2 MW J
Slide 17: Solar Segment - Key Highlights
Solar Segment - Key Highlights Solar EPC (India) Solar EPC (Middle-East) Scorpius Trackers BESS ● Awarded INR 463 Crs solar plant ● Strategic acquisition in FY’24 ● Won the 1st ever Battery ● Newly incorporated project at Gujarat’s Khavda RE ● Portfolio includes patented Energy Storage System Power
Slide 18: EV Leasing Segment
EV Leasing Segment Comprehensive EV Leasing and Fleet End of Term Vehicle Acquisition Insurance Management solutions Services & Leasing Management ● Gensol offers 100% EV focused Leasing solutions ● New subsidiary Gensol EV Lease Pvt. Ltd. incorporated in FY24. Recently branded as Charging Maintenan
Slide 19: EV Leasing Segment
EV Leasing Segment EV Assets Segmentation Offered Target Customer Segmentation PSU & Government Fleet Operators (Ride hailing, Employee Departments Transportation, Rent A Car) 4-Wheeler Two Light Passenger and Wheelers Commercial Large MNC’s & Indian Cargo Vehicles (LCV) Business Houses Retail Subsc
Slide 20: EV Manufacturing Segment
EV Manufacturing Segment ▪ Affordable, smart, urban-mobility focused electric vehicle - Proudly "Made in India" Play with solid fill ▪ Innovative design, size, weight and range engineered keeping in mind the urban fleet and cargo, & subsequently the urban passenger segment ▪ First ARAI Approval rece
Slide 21: Visual Highlights of EV Manufacturing Plant
Visual Highlights of EV Manufacturing Plant ● Greenfield “designed for electric” manufacturing plant in Chakan, Pune ● Manufacturing Capacity – 30,000 units p.a. ● In-plant testing track coupled with next- generation end-of-line vehicle testing facility *Embark on a Virtual Journey of the plant: Cli
Slide 22: Performance Highlights
Performance Highlights 21
Slide 23: Quarterly (Q1FY'25) Standalone Financial Highlights
Quarterly (Q1FY’25) Standalone Financial Highlights EBITDA* (₹cr & Margin %) Total Revenue* (₹cr) 87% 143% YoY Growth YoY Growth PBT (₹cr & Margin %) PAT (₹cr & Margin %) 157% 165% YoY Growth YoY Growth 22 *Total Revenue & EBITDA includes other income
Slide 24: Quarterly (Q1FY'25) Consolidated Financial Highlights
Quarterly (Q1FY’25) Consolidated Financial Highlights EBITDA* (₹cr & Margin %) Total Revenue* (₹cr) 105% 143% YoY Growth YoY Growth PBT (₹cr & Margin %) PAT (₹cr & Margin %) 86% 50% YoY Growth YoY Growth 23 *Total Revenue & EBITDA includes Other Income
Slide 25: Segmental Consolidated Revenue Performance
Segmental Consolidated Revenue Performance Solar (₹ Cr) EV Lease (₹ Cr) Financial Year 101% 100% Quarterly YoY Growth YoY Growth 24
Slide 26: Quarterly (Q1FY'25) Profitability Flow
Quarterly (Q1FY’25) Profit After Tax (PAT) Flow in Q1FY25 Profitability Flow Gensol is a prominent player in the Solar EPC space with its standalone revenue growing by 87% YoY to reach ₹275 Cr and PAT growing by 165% YoY to reach ₹33 Cr (₹ Cr) Gensol remains committed to invest in its new business s
Slide 27: Quarterly (Q1'FY25) Consolidated Income Statement
Quarterly (Q1’FY25) Consolidated Income Statement Particulars (₹ Cr) Q1 FY25 Q1 FY24 YoY (%) Total Revenue 297 145 105% EBITDA 89 37 143% Net Interest expense 36 10 262% Depreciation 26 13 107% PBT 27 14 86% Tax 12 4 167% PAT 15 10 50% 26 *Total Revenue & EBITDA includes other income
Slide 28: Gensol Corporate Details
Gensol Corporate Details 27
Slide 29: Corporate Structure
Corporate Structure Gensol EV Lease Pvt. Ltd. Gensol Electric Vehicles Pvt. Ltd. Scorpius Trackers Pvt. Ltd. Promoter Holding: 63% Public Holding 37% Green Energy Trading LLC Note: Other subsidiaries include Gensol Utilities Pvt. Ltd. and Gensun Renewables Pvt. Ltd. 28
Slide 30: Walking the Talk on Core Values
Walking the Talk on Core Values Innovation Agility Respect Entrepreneurship Collaboration Think big and Be nimble and To respect, Empowering To build deep beyond by demonstrate value diverse talent to industry continuously on-time perspectives have an owner’s relationships, fostering a delivery with
Slide 31: Leadership Team
Leadership Team Anmol Singh Jaggi Puneet Singh Jaggi Chairman & Managing Director Whole Time Director ▪ Pioneer in transforming the clean energy landscape for over 15 years ▪ First Generation Entrepreneur & Clean Energy Enthusiast ▪ Leading a team of 500+ professionals providing end-to-end ▪ Have be
Slide 32: Thank You
Thank You Gensol Engineering Ltd. Empowering Future Exploring Energy Alternatives Ms. Savli Mangle Mr. Jabir Mahendi M Aga Adfactors Public Relations CFO, Gensol Engineering Ltd. savli.mangle@adfactorspr.com jabirmahendi@gensol.in investorrelations@gensol.in 31