Inox Green Energy Services Ltd. · NSE:INOXGREEN
Inox Green Energy Services — Q2 FY25 Earnings Presentation
20 slides from Inox Green Energy Services's earnings presentation, Oct 25, 2024
Slide 1: Cover letter to stock exchanges on earnings presentation
INOX Green Energy Services Limited (Earlier known as lnox Wind lnfrastruaure Services Ltd.) ENERGY SER. .LES -.MITED CIN : L45207GJ2012PLCO70279 Corporate Office: INOXGFL Towers, Plot No.17, Tel: +91-120-6149600 1 contactQinoxgreen.com Sector-I bA, Noida-201301, Uttar Pradesh, India. Fax: +91-120-61
Slide 2: Q2 FY25 Results Presentation
INOX GREEN ENERGY SERVICES LIMITED Q2 FY25 RESULTS PRESENTATION OCTOBER 2024 1
Slide 3: Contents
CONTENTS 1. KEY HIGHLIGHTS OF THE QUARTER 2. GROUP OVERVIEW 3. WIND O&M BUSINESS – STABILITY WITH GROWTH 4. MACRO ENVIRONMENT ENTAILS SIGNIFICANT WIND CAPACITY ADDITION OVER THE NEXT DECADE 5. KEY FINANCIALS 2
Slide 4: Key Highlights of the Quarter
KEY HIGHLIGHTS OF THE QUARTER ✓ Machine availability for the portfolio averaged 96.4% in Q2 FY25 ✓ Revenue of Rs 64 crores in Q2 FY25 vs Rs 58 crores in Q2 FY24 ✓ EBIDTA of Rs 34 crores in Q2 FY25 vs Rs 31 crores in Q2 FY24 ✓ PAT of Rs 6 crores in Q2 FY25 vs Rs 6 crores in Q2 FY24 ✓ Cash PAT of Rs 2
Slide 5: Group Overview
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Slide 6: 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 7: Wind O&M Business – Stability with Growth
WIND O&M BUSINESS – STABILITY WITH GROWTH 6
Slide 8: IGESL – A Stable Annuity Business Proposition
IGESL – A STABLE ANNUITY BUSINESS PROPOSITION Established track Technology driven Comprehensive O&M record in the company with focus on Solutions Provider for WTG wind energy predictive maintenance and common infrastructure O&M industry of over reactive O&M contracts >10 years maintenance Strong sup
Slide 9: 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 Rajasthan: 572 MW ✓ Machine availabili
Slide 10: IGESL – Portfolio of ~3.5 GW of O&M Assets
IGESL – PORTFOLIO OF ~ 3.5 GW OF O&M ASSETS O&M portfolio growth at ~ 40% CAGR since inception 3,477MW 2,750MW 2,362MW 1,082MW 91MW 2019 2022 2024 2013 2016 Key Metrics 1 2 3 4 5 6 3.5 GW > 6 years 5-20 years 3.3 GW Rs 119 cr Rs 64 cr Current Residual Duration of Tenor of O&M Net Order Book of H1 FY
Slide 11: IGESL – Asset Light Growth Oriented Annuity Business Model
IGESL – ASSET LIGHT GROWTH ORIENTED ANNUITY BUSINESS MODEL Proposed demerger to lighten up balance sheet; Digital Transformation Initiatives of IGESL Focus is on long-term contracts with steady cashflows 24x7 centralized Performance analysis IGESL provides Long-term O&M services for wind farm monito
Slide 12: 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 13: IGESL – ESG Framework
IGESL – ESG FRAMEWORK Business Responsibility & Global Reporting Initiative Standard Sustainability Reporting Sources of emissions Policy Structure & Certifications Scope 1 emissions Includes: Use of diesel • Environment & Energy as part of IMS Total: 1009 tons CO2 equivalent • ISO 14001:2015:- Envi
Slide 14: Macro Environment Entails Significant Wind Capacity Addition Over the Next Decade
MACRO ENVIRONMENT ENTAILS SIGNIFICANT WIND CAPACITY ADDITION OVER THE NEXT DECADE 13
Slide 15: 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 16: 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 17: Key Financials
INOXGreen ENERGY SERVICES LIMITED KEY FINANCIALS Ai 16 I FL
Slide 18: Key Financials – Consolidated Income Statement
KEY FINANCIALS - CONSOLIDED INCOME STATEMENT Figures in Rs crores Quarter Ended Particulars 9/30/2024 6/30/2024 9/30/2023 Income a) Revenue from operation (net of taxes) 55.2 50.9 47.4 b) Other Income 9.2 3.9 10.8 Total Income from operations (net) 64.4 54.7 58.2 Expenses (a) EPC, O&M, Common infras
Slide 19: Key Financials – Consolidated Balance Sheet
KEY FINANCIALS - CONSOLIDED BALANCE SHEET Figures in Rs crores As at As at As at As at Particulars 30 September, 2024 31 March, 2024 Particulars 30 September, 2024 31 March, 2024 ASSETS EQUITY AND LIABILITIES (1 ) Non-current assets Equity (a) Property, Plant and Equipment 719 745 (a) Equity Share c
Slide 20: Thank You
THANK YOU Investor Relations Contact No: +91 120 614 9600 Email : investor@inoxgreen.com Follow us on Social Media: This presentation and the related discussions may contain “forward looking statements” by Inox Green Energy Services Limited (“IGESL” or “the Company”) that are not historical in natur
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