Waaree Energies Limited · NSE:WAAREEENER
Waaree Energies — Q2 FY25 Earnings Presentation
16 slides from Waaree Energies's earnings presentation, Nov 18, 2024
Slide 1: One with the Sun
One with the Sun Date: November 18, 2024 To To The Manager, The Manager, Listing Department Listing Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1 Block G, Phiroze Jeejeebhoy Towers Bandra - Kurla Complex, Bandra (East) Dalal Street, Mumbai - 400 051 Mumbai - 400
Slide 2: Waaree Energies Limited Q2 FY25 Investor Presentation
ACCELERATING GLOBAL ENERGY TRANSITION WAAREE ENERGIES LIMITED Q2 FY25 Investor Presentation
Slide 3: Safe Harbor
Safe Harbor One with the Sun This presentation and the accompanying slides (the “Presentation”), which have been prepared by Waaree Energies Limited (WEL) (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or
Slide 4: Business Overview
Business Overview One with the Sun
Slide 5: India's leading renewable energy company- Accelerating global energy transition
India's leading renewable energy company- Accelerating global energy transition One with the Sun Aggregate Installed 2007: 30MW Historical Growth 2023: 12GW Present: ~13.3GW Capacity (Module) 2024 2021 – 2023 • 6GW Expansion expected to commence commercial operations in FY27 • Awarded PLI for a 6GW
Slide 6: Enabling energy transition with diversified products and services
Enabling energy transition with diversified products and services One with the Sun Solar PV module Green hydrogen EPC and O&M Retail sales mfg. electrolyser* Products across the technology spectrum Ground Mount Inverters Electrolyser for manufacturing green hydrogen I I -·- ,,1,, -;,, ,,, fJl8lE \��
Slide 7: Energizing Growth
Energizing Growth One with the Sun Key Performance Metrics Strong Order Book H1 FY25 (₹ Mn) Macros and Demand Drivers • Solar energy: The lowest-cost energy source globally, 71,599 3% YoY driving widespread adoption and investment • Our current order book stands at ~20GW Total Revenue • China plus o
Slide 8: Market Dynamics
Market Dynamics One with the Sun Global Solar PV Capacity addition calendar year 2000 to 2030P Solar Batteries Cost decline Cost decline 250 1000 80% 80% 8,000 7,203.00 800 7,000 200 6,000 150 600 5,000 $/kWh ¢/Wp 4,000 400 3,000 100 1,418.97 2,000 200 1,000 50 1.22 0 2000 2023 2030P 0 0 2012 2022 2
Slide 9: Strong Order Book & Diversified Customer Base
Strong Order Book & Diversified Customer Base One with the Sun Order Book (GW)* Global Customer Base 20 20 20 18 1.0 Europe North America Asia 10 0.5 Africa 3 0 0.0 South America Australia FY 2022 FY 2023 FY 2024 H1FY25 Sep 24 Order Book Pan India Presence Mix of customers Utility & Enterprises 27.5
Slide 10: Bridging Current Capacities to Future Potential
Bridging Current Capacities to Future Potential One with the Sun Present Capacity 13.3 GW 1 GW 1.1 GW 9.66 GW 0.23 GW 1.3 GW Tumb Nandigram Chikhli Surat Indosolar# Under execution Module and Cell Capacity (GW) 1.6 GW 5.4 GW 21.0 Module USA Cells Chikhli 13.3 13.3 12.0 11.0 9.0 Future Capacity 4.0 5
Slide 11: Potential Entry in Adjacent Businesses
Potential Entry in Adjacent Businesses One with the Sun ·1 T - ·r - ·1 · ·, • 1· . l' . ...J -1 Green Hydrogen electrolyser mfg. Renewable Power Infrastructure Battery Energy Storage System • Awarded PLI for a 300MW • Investment in renewable power • Lithium-Ion chemistry storage cell, Electrolyser m
Slide 12: Financials
Financials One with the Sun
Slide 13: Consolidated Financial Highlights
Consolidated Financial Highlights One with the Sun Q2FY25 H1 FY25 36,635 Mn 6,139 Mn 3,757 Mn 71,599 Mn 12,539 Mn 7,768 Total Income EBITDA PAT Total Income EBITDA PAT 3% YoY 14% YoY 17% YoY 3% YoY 15% YoY 18% YoY 16.76% 10.25% 17.51% 10.85% EBITDA Margin PAT Margin EBITDA Margin PAT Margin 12
Slide 14: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement One with the Sun (₹ Mn) Q2 FY25 Q2 FY24 Y-O-Y Q1 FY25 Q-O-Q H1 FY25 H1 FY24 Y-O-Y Revenue from Operations 35,743.77 35,372.97 1.05% 34,089.01 4.85% 69,832.78 68,655.89 1.71% Other Income 890.86 212.50 319.23% 875.12 1.80% 1,765.98 1,079.56 63.58% Total Income 36,
Slide 15: Consolidated Balance Sheet and Cash Flow
Consolidated Balance Sheet and Cash Flow One with the Sun Particulars (₹ Mn) H1FY25 FY24 Shareholders' Fund 49,275.57 41,484.88 Non-Current Liabilities 12,330.44 17,420.99 Current Liabilities 78,741.47 54,231.40 Total Liabilities 1,40,347.48 1,13,137.27 Fixed Assets 36,974.67 24,906.40 Other Non-Cur
Slide 16: Thank You
THANK YOU One with the Sun orient capital Waaree Energies Limited CIN: U29248MH1990PLC059463 Name –Mr. Rohit Wade Mr. Suraj Shah Ms. Pooja Swami Title – GM-Investor Relations +91 9545776665 Suraj.shah@linkintime.co.in +91 9860202359 Suraj.shah@linkintime.co.in Pooja.swami@linkintime.co.in Email – ro