Inox Wind Ltd. · NSE:INOXWIND
Inox Wind — Q2 FY25 Earnings Presentation
25 slides from Inox Wind's earnings presentation, Oct 25, 2024
Slide 1: Regulation 30 disclosure cover letter to stock exchanges
INOX Wind Limited Greening l N Dl A Corporate Off~ce:INOXGFL Towers, Plot No.17, Tel: +91-120-6149600 1 contact@inoxwind.com ClN : L31901HP2009PLC031083 Sector-I 6A. No~da-201301,Uttar Pradesh, Ind~a. Fax: +91-120-6149610 1 www.inoxwind.com IWL: NOI: 2024 25th October, 2024 The Secretary The Secreta
Slide 2: Q2 FY25 Results Presentation
INOX WIND LIMITED Q2 FY25 RESULTS PRESENTATION OCTOBER 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) 742 189 138 384 70 171% 93% 1 Q2FY24 Q2FY25 Q2FY24 Q2FY25 Q2FY24 Q2FY25 PAT / loss after tax (Rs Orderbook (MW) Execution (MW) cr) 140 3328 90 77 1276 162% 82% -27 Q2FY24 Q2FY25 Q2FY24 Q2FY25 Q2FY24 Q2FY25
Slide 5: Key Highlights of the Quarter
KEY HIGHLIGHTS OF THE QUARTER ✓ Strongest Q2 financial performance in 8 years ✓ Revenue up 93% YoY; EBITDA up 171% YoY; highest quarterly PAT at Rs 90 cr since Q3 FY17 ✓ 140 MW execution in Q2 FY25, up 82% YoY; 280 MW execution in H1 FY25, up 96% YoY ✓ Largest ever orderbook at ~ 3.3 GW; FY25 order
Slide 6: Group Overview
A Greening INDIA ~ ad
Slide 7: INOXGFL Group – A US$ 12 Bn Indian Conglomerate
INOXGFL GROUP – A US$ 12 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 cur
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 Amongst
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 12 GW capacity has been awarded in FY25 for wind / hybrid / India to add > 350 GW of additional RE capacity by 2032 FDRE projects Wind 1.2 GW Wind related Capacity 12 GW Awarded in FY25 Hybrid / RTC / 10.8 GW FDRE 1476 MW Wind Capacity was added
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 f
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 strongest • One of India’s largest • Robust orderbook • Manufacturing • Strong backing of wind turnkey of
Slide 14: Robust Order Book of ~3.3 GW
ROBUST ORDER BOOK OF ~ 3.3 GW ORDER BOOK MOVEMENT (MW) ORDER BOOK BREAK UP* 11 5 Equipment supply*, 1,142 MW 5 15 1 End-to-end Turnkey, 5 2,186 MW 5 opening et addi on Supplies urrent Order book currently stands at ~ 3.3 GW providing a large revenue visibility in the next 2-3 years In FY25, IWL has
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 Wind Project Power Targeting installed Renewables Common Infrastructure Demerger EPC evacuation capacity of 2 GW To sell power through C&I PPAs / on Value Added Services e
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 ~3.5 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: IWL – Financials & Shareholding
IWL – FINANCIALS & SHAREHOLDING 20
Slide 22: Key Financials - Consolidated Income Statement
KEY FINANCIALS - AUDITED CONSOLIDATED INCOME STATEMENT Figures in Rs crores Quarter Ended Particulars 9/30/2024 6/30/2024 9/30/2023 a) Revenue from operation (net of taxes) 732 639 371 b) Other Income 9 12 14 Total Income from operations (net) 742 651 384 Expenses a) Cost of materials consumed 399 3
Slide 23: Key Financials - Consolidated Balance Sheet
KEY FINANCIALS - AUDITED CONSOLIDATED BALANCE SHEET Figures in Rs crores Particulars As on 30th Sept 2024 As on 31st March 2024 Particulars As on 30 Sept 2024 As on 31st March 2024 th EQUITY AND LIABILITIES ASSETS Equity (1 ) Non-current assets (a) Equity Share capital 1304 326 (a) Property, Plant a
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% Institutional Samena Green Investors, 18% Okoworld Vang
Slide 25: Thank You
THANK YOU Investor Relations Contact No: +91 120 614 9600 Email : Investors.iwl@inoxwind.com Download Twitter's new X logo here! | Disobey Follow us on Social Media: This presentation and the related discussions may contain “forward looking statements” by Inox Wind Limited “IWL” or “the ompany” that