Waaree Renewable Technologies Ltd · NSE:WAAREERTL
Waaree Renewable Technologies — Q3 FY25 Earnings Presentation
30 slides from Waaree Renewable Technologies's earnings presentation, Jan 16, 2025
Slide 1: Execution with Pace & Comfort
Execution with Pace & Comfort January 16, 2025 The Manager BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai-400001 Scrip No. 534618 Sub.: Investors / Earnings Presentation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dear Sir / Ma
Slide 2: Investor Presentation Q3 & 9M FY25
INVESTOR PRESENTATION Accelerating Global Energy Transition Q3 & 9M FY25
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Waaree Renewable Technologies Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe
Slide 4: Group Overview
WAAREE|RIL § h Pace & Comfort
Slide 5: Vertically Integrated Operations
Vertically Integrated Operations 1.82 GW Projects Commissioned 32 Years of Industry Experience ~11.6 GW Modules produced (FY22 – Q2FY25) 13.3 GW Module Capacity & 5.4 GW Cell Capacity by FY25 Energy Storage Solutions TIER 1 Solar Module Manufacturer Green-hydrogen- electrolyser #1 Indian Module Manu
Slide 6: Advanced Solar Solutions
Advanced Solar Solutions Solar EPC Floating Off Grid Lithium Ion Solar Thermal Modules Services Solar Inverters Batteries Solutions 01 03 05 07 09 11 02 04 06 08 10 12 Module Mounting Rooftop On Grid Energy Storage Solar Products Solar Structures Solutions Inverters Solutions Water Pump, Street Ligh
Slide 7: Marquee Clientele & Stakeholder Relationships
Marquee Clientele & Stakeholder Relationships Problem Lenders to Developers ConsultantsProblem / Owners’ Engineers Problem Suppliers • Strong relationship with a multitude of global lenders • Strong relationship with renowned consultants and • Strong relationship with diversified group of local - bo
Slide 8: Industry Overview
WAAREE|RIL § h Pace & Comfort
Slide 9: Global Energy Transition
Global Energy Transition Projected annual Solar PV capacity additions1, GW …driven by RE – Projected Installed Capacity2, GW Net Zero For setting up of 450 GW RE + 19 GW PSP and 42 GW BESS Carbon emission commitment globally to necessitate incremental debt of ~Rs 14 lakh crore 539.6 493.9 459.2 402.
Slide 10: Supportive Government Policies Fueling Growth
Supportive Government Policies Fueling Growth India-EPC services demand across solar energy Market potential of Indian O&M in solar1 State wise solar park approved capacity (MW)2 Estimated O&M market for 3rd party (GW) 12150 Sanctioned Capacity Projects commissioned Estimated market (in Rs. Bn) 1705
Slide 11: Company Overview
WAAREE|RIL § h Pace & Comfort
Slide 12: Journey to Leadership in Solar EPC
Journey to Leadership in Solar EPC Waaree RTL Expands Market Presence in India 876 133% • GW Scale Project ▪ Jindal Renewables – 2012.47 MWp 351 Revenue (Rs. Cr) 2024 ▪ Greenko - 980 MWp • Turnkey Solutions NEEPCO - 450 MWp 162 • MNC Customer Acciona Energy – 412 MWp 2022 2023 2024 2023 • AM Green -
Slide 13: Complete Solutions with Proven Experience
Complete Solutions with Proven Experience Engineering Project Systems Electrical Structural & Civil Monitoring Evacuation 01 Procurement PV Modules Inverters Structures Cables Transformers Other BOS 02 Construction Road , Drainage & Land Development Structure Control Room Evacuation of Power 03 Conn
Slide 14: Comprehensive RE EPC and O&M Expertise
Comprehensive RE EPC and O&M Expertise….. Technologically advanced end to end solar solutions Key financial metrics INR 876.50 Cr 23.64% 132.96% 16.57% FY24 Revenue FY24 EBITDA FY22-24 FY24 from Operations margin Revenue CAGR PAT Margin Utility scale solar projects Rooftop solar projects Floating So
Slide 15: …with end-to-end capabilities
…with end-to-end capabilities In House Dedicated Capabilities Installation & Power Evacuation End to End Land and Site Design Services Commissioning Capabilities Identification Adherence to Pre-Feasibility Expertise in Statuary Expert In House Design EHS and Quality Studies & Liasoning & Procurement
Slide 16: Major EPC Accomplishments
Major EPC Accomplishments 1.82 GW 3,398 MWp 50+ MW Project Commissioned Project site under (More Than 178 Project) execution Roof Top Commissioned 587+ MW 2.29 MW R&D Team O&M Portfolio of solar (3 Floating Solar In House R&D team power plant assets Projects) for New Technology Development Waaree Re
Slide 17: Large Order Book with Strong Execution
Large Order Book with Strong Execution Unexecuted orderbook has been scaled up over years (MWp)… …. With stable rate of execution Executed Order Book (MWp) Revenue from Operations (Rs. Cr) 876 3398 704 2365 2191 488 524 1702 295 351 319 360 217 236 817 2023 2024 Q1FY25 Q2FY25 Q3FY25 2023 2024 Q1FY25
Slide 18: Key Ongoing Projects
Key Ongoing Projects 3.4 MWp Ground Mounted project (PM Kusum 412.5 MWp Ground Mounted project 450 MWp Ground Mounted project 295.68 MWp Ground Mounted project Yojna) at Chadchan, Karnataka at Bikaner, Rajasthan at Bikaner, Rajasthan at Kurnool, Andhra Pradesh 210 MWp Ground Mounted project 154 MWp
Slide 19: Future Strategy
WAAREE|RIL § h Pace & Comfort
Slide 20: Key Strengths
Key Strengths Fast growing solar market Comprehensive Solar EPC Ability to undertake Ecosystem play within Bankable EPC provider with with massive tailwinds solutions provider with complexity, size and all the group marquee customers end-to-end capabilities renewable projects Strong parentage and th
Slide 21: Unique Propositions
Unique Propositions CUSTOMER CONNECT MARKET ACCEPTANCE NETWORK ON GROUND TRACK RECORD Strong & Proven Network with Strong Customer base of Proven Name & Quality at all stakeholders/authorities with Large Installations with Long & respected industrial Competitive rate in national more than a decade o
Slide 22: Growth Strategy - Energy Transition
Growth Strategy - Energy Transition Energy Transition Solar Parks O&M Renewable Storage Services Green Hydrogen Solar Hybrid Battery Pump Floating Rooftop Ground Mounted Achieve higher growth in the EPC segment Expand in O&M markets • Evaluating opportunities in both international and domestic marke
Slide 23: Powering Growth wide Presence in Energy Ecosystem
Powering Growth wide Presence in Energy Ecosystem Waaree group’s experience in Solar translates into multiple advantages for the EPC business Emerged as a credible solar EPC player in India • Waaree Energies is present in India, Middle East, Africa, Global Access APAC, North & South America and Euro
Slide 24: Experienced Board Management
Experienced Board Management Mr. Nilesh Bhogilal Gandhi | Chairman & Non-Executive Independent Director Mr. Viren Chimanlal Doshi |Executive Director He holds a Bachelor's degree in Commerce, an LLB, and an FCA. He has over 30 years of He has been associated with our company since November 26, 2007,
Slide 25: Strong Leadership Team
Strong Leadership Team Mr. Dilip Panjwani Mr. Ravikesh Singh Chief Financial Officer Chief Operating Officer-EPC He is a qualified financial professional holding both CA and CS credentials. He has a He holds a B. Tech in Electrical Engg & Post Graduate Diploma in Business proven track record in Fina
Slide 26: Financial Highlights
WAAREE|RIL § h Pace & Comfort
Slide 27: Robust Financial Performance
Robust Financial Performance (Consolidated) (₹ in Cr) Revenue EBITDA & EBITDA Margin PAT & PAT Margin 27.09% 19.96% 19.81% 14.84% 11.15% -18.09% -16.74% 360.35 87.81 64.23 324.19 53.48 71.92 Q3FY24* Q3FY25 Q3FY24* Q3FY25 Q3FY24* Q3FY25 Revenue EBITDA & EBITDA Margin PAT & PAT Margin 21.86% 16.46% 15
Slide 28: Consolidated Income Statement
Consolidated Income Statement Particulars (₹ Crs) Q3FY25 Q3Y24* Y-o-Y Q2FY25 Q-o-Q 9MFY25 9MFY24* Y-o-Y Revenue from Operations 360.35 324.19 524.47 1121.17 603.19 Total Revenue 360.35 324.19 11.15% 524.47 -31.29% 1,121.17 603.19 85.87% Cost of EPC contract 275.93 229.30 442.47 903.84 454.86 Employe
Slide 29: Consolidated Balance Sheet and Cash Flow Statement
Consolidated Balance Sheet and Cash Flow Statement Particulars (₹ Cr) H1FY25 H1FY24* Shareholders' Funds 318.15 129.90 Non-Current Liabilities 49.73 46.16 Current Liabilities 635.74 250.21 Total Liabilities 1003.62 426.27 Fixed Assets 160.02 155.90 Other Non- Current Assets 2.42 1.66 Current Assets
Slide 30: For further information, please contact:
For further information, please contact: Company : Investor Relations Advisors : Waaree Renewable Technologies Ltd. Orient Capital (A part of MUFG Corporate Markets, a CIN: L93000MH1999PLC120470 division of MUFG Pension & Market Services) Mr. Rohit Wade Mr. Nikunj Jain +91 9769060608 GM – Investor R
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