Premier Energies Limited · NSE:PREMIERENE
Premier Energies — Q3 FY2025 Earnings Presentation
32 slides from Premier Energies's earnings presentation, Feb 3, 2025
Slide 1: Exchange filing cover letter
Ref: PEL 37/ 2024-25 Date: February 03, 2025 To To The Secretary The Manager, BSE Limited Listing Department Phiroze Jeejeebhoy Towers, National Stock Exchange of India Limited Dalal Street, Exchange Plaza, C-1, G Block, Bandra-Kurla Mumbai - 400001 Complex, Bandra (East), Mumbai – 400 051 Scrip Cod
Slide 2: Quarterly Presentation Q3 FY 2025
PREMIER ENERGIES LIMITED Quarterly Presentation Q3 FY 2025
Slide 3: Disclaimer
About Us Disclaimer This presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairn
Slide 4: Agenda
AG E N DA 01 About Us 02 Industry Highlights 03 Business Updates 04 Financial Performance 05 Sustainability and ESG 3
Slide 5: About Us
ABOUT US 4
Slide 6: A pioneer in solar cell and module manufacturing
About Us A pioneer in solar cell and module manufacturing IPO Fresh capital Capacity raise of INR expansion 12.9 Bn Equity investment First cell line INR 1.8 Bn by First GEF Capital module line Incorporation Capacity: Capacity: Capacity: Capacity: Capacity: Cell 75 MW Cell 500 MW Cell 750 MW Cells 2
Slide 7: Leading Indian manufacturer of cells and modules
About Us Leading Indian manufacturer of cells and modules 29 years of successful module One of the first Indian companies Mono-PERC → TOPCon manufacturing track record to manufacture cells technology upgradation underway ALMM, DCR and BIS compliant, Nearly 100% market share in solar Top Performer in
Slide 8: Moving towards integrated operations
About Us Moving towards integrated operations Wafer manufacturing Cell manufacturing Module manufacturing EPC 2.0 GW pa 2.0 GW pa 4.1 GW pa Production Expansion to Ground-mounted Expansion to expected to 9.1 GW projects, rooftop 7 GW capacity commence in capacity by systems and solar by Q1 FY 2027 F
Slide 9: Industry Highlights
Premier Energies INDUSTRY HIGHLIGHTS
Slide 10: Most popular technology worldwide
Industry Highlights Most popular technology worldwide Solar PV installed capacity, GW Power generation capacity addition in India from FY 2025-2032, GW 886 Biomass Coal 5 42 Nuclear Wind 12 609 76 Large Hydro 15 392 432 321 306 255 253 GW 204 204 175 168 163 138 137 131 118 113 102 96 94 94 90 86 82
Slide 11: Strong policy tailwinds for solar sector
Industry Highlights Strong policy tailwinds for solar sector Demand-side support Supply-side support Renewable Purchase Obligation Solar park scheme RPO target for DISCOMs and bulk users rising from 29.9% in 37.7 GW land and transmission infrastructure for project FY 2025 to 43.3% in FY 2030 develop
Slide 12: Attractive growth prospects for solar manufacturing
Industry Highlights Attractive growth prospects for solar manufacturing Policy support measures Solar capacity addition in India, GW AC Production Linked Incentives 60 INR 240 Bn incentives for 48.3 GW integrated capacity Import Duties 50 BCD of 40% on modules, 25% on cells 40 ALMM Enlisting require
Slide 13: Key sector developments in the last quarter
Industry Highlights Key sector developments in the last quarter ALMM mandatory for solar cells Starting June 2026, use of ALMM-listed solar cells would be mandatory for most projects. This mandate would also apply to all utility scale projects bid after 9 December 2024. Provisional anti-dumping duty
Slide 14: Overcapacity in China leading to decline in prices
Industry Highlights Overcapacity in China leading to decline in prices Wafer price, USD/ piece Cell price, USD/ Wp Module price, USD/ Wp 0.16 0.30 0.88 0.15 0.83 0.26 0.13 0.27 0.55 0.08 0.39 0.10 0.09 0.07 0.04 0.16 0.09 0.09 0.04 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 2022 2023 2024 202
Slide 15: Solar manufacturing value chain
Industry Highlights Solar manufacturing value chain Polysilicon Ingot Wafer Cell Module Technology complexity Capex intensity China market share India self- sufficiency Policy support Low Medium High 14
Slide 16: Evolution in solar cell technology
Industry Highlights Evolution in solar cell technology Solar cell technology market share 100% 80% 60% 40% 20% 0% 2023 2024 2026 2028 2031 2034 PERC TOPCon HJT xBC Perovskite tandem 15 Source: PV Tech, Infolink Consulting
Slide 17: Business Updates
B U S I N E S S U P DAT E S 16
Slide 18: Expansion plans underway
Business Updates Expansion plans underway 1.0 GW pa 4.0 GW pa TOPCon cells & modules line TOPCon cells & modules Q1 FY 2026 Module: Q4 FY 2026, Cell: Q1 FY 2027 Civil works and equipment in progress Site under development 2.0 GW pa 36,000 mtpa Wafer plant Aluminium frame manufacturing Total capacity
Slide 19: Other business updates
18 Business Updates Other business updates Rating upgrade R&D MOU Certifications High cell efficiency Long-term facilities revised to Achieved highest MOU signed with Received BIS and IEC ever efficiency of A-/ Positive BITS Pilani, certification 23.65 % for a Mono from BBB+/ Stable Hyderabad for R&
Slide 20: Order book
Business Updates Order book As on 31 Dec 2024 Split by value Order book changes, INR million EPC 4,539 22,399 69,461 1% 64,172 MW Cell 36% -17,110 69,461 Module 63% INR million Sep' 24 Volume New Dec' 24 Order book sold bookings Order book 19
Slide 21: Financial Performance
FINANCIAL PERFORMANCE 20
Slide 22: Operational performance and revenues
Financial Performance Operational performance and revenues Capacity utilisation Revenue, INR million 96% YoY +140.47 % 17,133 16,574 82% QoQ +12.19 % 15,272 77% 65% 68% 81% 74% 11,266 69% 59% 60% 7,125 Q3 FY Q4 FY Q1 FY Q2 FY Q3 FY 2024 2024 2025 2025 2025 Q3 FY Q4 FY Q1 FY Q2 FY Q3 FY 2024 2024 202
Slide 23: Profitability
Financial Performance Profitability Operating EBITDA, INR million PAT, INR million YoY +316.49% YoY +490.58% 6,000.00 29.97% 33.00% 3,000 14.59% 15.50% QoQ +34.95% QoQ +23.93% 13.26% 5,135 2,552 5,000.00 24.92% 28.00% 2,500 11.87% 13.50% 21.62% 2,059 11.50% 3,805 23.00% 1,982 4,000.00 3,583 2,000 9.
Slide 24: Revenue mix
23 Financial Performance Revenue mix Revenue mix by geography Revenue mix by business 4.5% 4.3% 7.2% 3.7% 74.7% 63.5% 70.7% 69.0% 96.3% 91.4% 96.6% 78.4% 99.9% 98.2% 32.8% 25.3% 24.8% 26.7% 8.6% 14.4% 3.7% 3.4% 1.4% Q3 FY Q4 FY Q1 FY Q2 FY Q3 FY Q3 FY Q4 FY Q1 FY Q2 FY Q3 FY 2024 2024 2025 2025 2025
Slide 25: Capital structure
Financial Performance Capital structure DEBT TO EQUITY Net debt, INR million Net debt to EBITDA 9.51 0.62 Q3 FY 2025 19,177 ROE 5.78 (Annualized) 11,937 11,352 9,842 10,172 3.49 42.05% 2.66 Q3 FY 2025 2.50 ROCE (Annualized) Q3 FY Q4 FY Q1 FY Q2 FY Q3 FY Q3 FY 2024 Q4 FY 2024 Q1 FY 2025 Q2 FY 2025 Q3
Slide 26: Consolidated P&L
Financial Performance Consolidated P&L Metrics Q3 FY25 Q3 FY24 Y-O-Y Q2 FY25 Q-O-Q 9M FY25 9M FY24 Y-O-Y Revenue from operations 140.47% 15,272.20 12.19% 48,979.10 20,172.06 142.81% 17,133 7,125 Other income 1505.43% 263.72 36.73% 738.53 155.56 374.76% 361 22 Total Income 144.76% 15535.92 12.60% 497
Slide 27: Sustainability and ESG
S U S TA I N A B I L I T Y A N D E S G 26
Slide 28: Sustainability goals
Sustainability and ESG Sustainability goals Premier Energies contribution to UN Sustainable Development Goals (7/17) 27
Slide 29: Sustainability goals
Sustainability and ESG Sustainability goals 37% Zero Liquid Discharge Avoided emission of Certified “Great Place Female employees (ZLD) 2.5 Mn tons CO2e in to Work” for three years on shop floor Recycles 75% of water last 3 years by supply in a row Reuse 80% of water of modules 28% recycled Total gr
Slide 30: Sustainability goals
Sustainability and ESG Sustainability goals India’s first LEED gold rated solar Zero waste to land fill Adopted 9.74 acres for Greenbelt manufacturing facility by USGBC development in agreement with Traceable and audited state authority PVEL certified 2023 sourcing Absolute GHG emission accounting p
Slide 31: Certifications, awards and accreditations
Sustainability and ESG Certifications, awards and accreditations 2024 2024 2024 2023 Star labelling Environmental Best in industry in the certification with 4-Star responsibility initiatives Excellence in Energy, Oil & Gas sector rating of the year sustainability award 2023 2023 2022 2022 Best ESG I
Slide 32: Thank You
THANK YOU Premier Energies Limited Corporate Office 8th floor, Orbit Tower 1, Sy. No. 83/1, Hyderabad Knowledge City, TSIIC, Raidurgam, Hyderabad- 500081, Telangana, India. Email: investors@premierenergies.com 31