Slide 1: Exchange filing cover letter
lNOX Wmd Limited Corporate Office: INOXGnTowers, Plot Mo.17, Tel. +91-120-6149600 1 contact@i~xwhd.mm Sector-l6A. Noida-201301. Uttar Pradesh, India. Fax: c91-12@6149610 1 www.tnoxwind.wm The Secretary The Secretary BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Tawers Excha
Slide 2: Q1 FY25 Results Presentation
INOX WIND LIMITED Q1 FY25 RESULTS PRESENTATION AUGUST 2024 1
Slide 3: Contents
CONTENTS 1. KEY HIGHLIGHTS FOR THE QUARTER 2. GROUP OVERVIEW 3. INOX WIND – COMPANY OVERVIEW 4. RESCO – A FULL SERVICES RENEWABLE EPC PLAYER 5. IGESL – WIND O&M BUSINESS – STABILITY WITH GROWTH 6. FINANCIALS & SHAREHOLDING 2
Slide 4: Key Financial Highlights for the Quarter
KEY FINANCIAL HIGHLIGHTS FOR THE QUARTER Total Revenue (Rs cr) EBITDA (Rs cr) Cash PAT (Rs cr) 92 651 157 352 85% 35 349% Q1FY24 Q1FY25 Q1FY24 Q1FY25 Q1FY24 Q1FY25 -36 PAT / loss after tax Orderbook (MW) Execution (MW) (Rs cr) 140 2,917 50 66 254% 112% 825 Q1FY24 Q1FY25 -65 Q1FY24 Q1FY25 Q1FY24 Q1FY
Slide 5: Key Highlights of the Quarter
KEY HIGHLIGHTS OF THE QUARTER ✓ Best Q1 financial performance in the history of Inox Wind ✓ 140 MW execution in Q1 FY25, up 112% YoY ✓ FY25 order inflows at 611 MW, which includes: ✓ 210 MW repeat order from Hero Future Energies ✓ 200 MW order from a C&I player ✓ 201 MW repeat order from Integrum En
Slide 6: Group Overview
GROUP OVERVIEW 5
Slide 7: INOXGFL Group – A US$ 9 bn Indian Conglomerate
INOXGFL GROUP – A US$ 9 BN INDIAN CONGLOMERATE INOXGFL Group, with a legacy of over 90 years, is one of the largest business Groups in India. It is a forerunner in diversified business segments comprising fluoropolymer, fluorochemicals, battery chemicals, wind turbines and renewables. The Group curr
Slide 8: Inox Wind – Company Overview
INOX WIND – COMPANY OVERVIEW 7
Slide 9: Well Positioned to Capitalize on the Burgeoning Wind Sector
WELL POSITIONED TO CAPITALIZE ON THE BURGEONING WIND SECTOR Fully integrated wind energy player providing end-to-end solutions – from conception to commissioning to O&M Healthy Balance sheet Strong operational track record of ~13 years and manufacturing capacity of >2.5GW across 4 facilities Technol
Slide 10: Wind – A Multi-Decadal Growth Story
WIND – A MULTI-DECADAL GROWTH STORY ~ 80 GW of wind capacity to be added in the next 8 years as per the National Electricity Plan – provides visibility of > Rs 6 trn for wind OEMs and a large multi-year opportunity for O&M service providers India’s power demand-supply mismatch to continue at least o
Slide 11: Favorable Macro Environment for the Indian Wind Sector
FAVORABLE MACRO ENVIRONMENT FOR THE INDIAN WIND SECTOR 7.4 GW capacity has been awarded in FY25 for wind / hybrid / India to add > 300 GW of RE capacity by 2032 FDRE projects Wind 1.2 GW Wind related Capacity 7.4 GW Awarded in FY25 Hybrid / RTC / FDRE 6.3 GW 770 MW Wind Capacity was added in Q1 FY25
Slide 12: Journey Towards 2 GW Annual Execution and Beyond
JOURNEY TOWARDS 2 GW ANNUAL EXECUTION AND BEYOND FY23 FY24 FY25 FY26 Execution: 104 MW Execution: 376 MW Execution target: Execution target: + 262% YoY ~ 800 MW (+ 113% YoY) > 1,200 MW (+ 50% YoY) • Commencement of • Raised equity capital • Current orderbook turnaround journey • Execution target fro
Slide 13: What Sets Us Apart – 5 Pillars of Strength
WHAT SETS US APART – 5 PILLARS OF STRENGTH Manufacturing & Strong Group Robust Exceptional Turnkey Diversified Technological Pedigree Creditworthiness Capabilities Orderbook Prowess • One of the • One of India’s • Robust orderbook • Manufacturing & • Strong backing of largest Wind of > 2.9 GW operat
Slide 14: Robust Order Book of > 2.9GW
ROBUST ORDER BOOK OF > 2.9GW ORDER BOOK BREAK UP* ORDER BOOK MOVEMENT (MW) Unexecuted order book currently stands at > 2.9 GW providing a large revenue visibility * Equipment supply includes orders with limited scope EPC 13
Slide 15: Value Unlocking / Addition Across Verticals
VALUE UNLOCKING / ADDITION ACROSS VERTICALS EPC – RESCO GLOBAL O&M – INOX GREEN POWER GENERATION – IGREL Current revenue streams Targeting installed Renewables Wind Project Power Common Infrastructure Demerger capacity of 1.5 GW EPC evacuation To sell power through C&I PPAs / on Value Added Services
Slide 16: Resco – A Full Services Renewable EPC Player
RESCO – A FULL SERVICES RENEWABLE EPC PLAYER 15
Slide 17: A Full Service Renewable EPC Player
A FULL SERVICE RENEWABLE EPC PLAYER Top 2 wind EPC service provider with a pan-India presence and a very strong presence in Western India, in the key wind and solar states of Gujarat, Rajasthan and Madhya Pradesh Offers EPC services across all 8 windy states Strong operational track record of >14 ye
Slide 18: IGESL – Wind O&M Business – Stability with Growth
IGESL – WIND O&M BUSINESS – STABILITY WITH GROWTH 17
Slide 19: IGESL – A Compelling Growth Story
IGESL – A COMPELLING GROWTH STORY ✓ Provides comprehensive O&M Solutions for WTG and common infrastructure O&M through long-term contracts of 5-20 years ✓ Presence across India with an established track record of > 10 years and portfolio of 3.35 GW of O&M assets ✓ Targeting to reach 6 GW portfolio b
Slide 20: IGESL – Growth Strategy Going Forward
IGESL – GROWTH STRATEGY GOING FORWARD Inorganic growth prospects O&M business of inactive/stressed players maintaining ~10GW of capacity provides a significant opportunity for IGESL’s inorganic growth. Majority of this fleet is across retail customers. # Customers across the board are looking for a
Slide 21: IGESL – Creating Value Through Acquisitions
IGESL – CREATING VALUE THROUGH ACQUISITIONS Robust M&A framework to pick high quality value accretive targets ✓ Sacrosanct valuation multiple / IRR threshold defined by a prudent capital allocation policy of the company ✓ In depth due diligence process on the target with detailed business, legal, te
Slide 22: IWL – Financials & Shareholding
IWL – FINANCIALS & SHAREHOLDING 21
Slide 23: Key Financials - Audited Consolidated Income Statement
KEY FINANCIALS - AUDITED CONSOLIDED INCOME STATEMENT Figures in Rs crores Quarter Ended Particulars 6/30/2024 3/31/2024 6/30/2023 a) Revenue from operation (net of taxes) 639 528 349 b) Other Income 12 35 4 Total Income from operations (net) 651 563 352 Expenses a) Cost of materials consumed 344 328
Slide 24: Shareholding Pattern – Inox Wind
SHAREHOLDING PATTERN – INOX WIND List of top Institutional Shareholders Name Retail Investors, Others, 2% Capital Research Global Investors 15% Motilal Oswal AMC ICICI Prudential Mutual Fund Nippon Life India Mutual Fund Domestic Promoters, 48% Samena Green Institutional Investors, 19% Okoworld Vang
Slide 25: Thank You
THANK YOU Investor Relations Contact No: +91 120 614 9600 Email : Investors.iwl@inoxwind.com Follow us on Social Media: This presentation and the related discussions may contain “forward looking statements” by Inox Wind Limited (“IWL” or “the Company”) that are not historical in nature. These forwar