Inox Green Energy Services Ltd. · NSE:INOXGREEN
Inox Green Energy Services — Q3 FY24 Earnings Presentation
19 slides from Inox Green Energy Services's earnings presentation, Feb 9, 2024
Slide 1: Exchange disclosure letter on earnings presentation
INOX Green Energy Services Limited (Earlier known as lnox Wind Infrastructure Services Ltd.) ENERGY SERVICES LIMITED CIN : L45207GJ2012PLCO70279 Corporate Office: INOXGFL Towers, Plot No.17, Tel: +91-120-6149600 1 contact@inoxgreen.com Sector-16A, Noida-201301, Uttar Pradesh, India. Fax: +91-120-614
Slide 2: Q3 FY24 Results Presentation
INOX GREEN ENERGY SERVICES LIMITED Q3 FY24 RESULTS PRESENTATION FEBRUARY 2023 1
Slide 3: Contents
CONTENTS 1. KEY HIGHLIGHTS OF THE QUARTER 2. GROUP & COMPANY OVERVIEW 3. MACRO ENVIRONMENT ENTAILS SIGNIFICANT WIND CAPACITY ADDITION OVER THE NEXT DECADE 4. IGESL – WIND O&M BUSINESS – STABILITY WITH GROWTH 5. ESG FRAMEWORK 6. Q3 FY24 EARNINGS UPDATE 2
Slide 4: Key Highlights of the Quarter
KEY HIGHLIGHTS OF THE QUARTER ✓ Machine availability averaged 96.84% for the entire portfolio during Q3 FY24 ✓ Revenue of Rs. 60.5 Cr in Q3 FY24 vs Rs 58.2 cr in Q2 FY24 ✓ EBIDTA of Rs. 23.7 cr in Q3 FY24 vs Rs 31.4 cr in Q2 FY24 ✓ PAT of Rs. 0.8 Cr in Q3 FY24 vs Rs 3.4 cr in Q2 FY24 ✓ O&M portfolio
Slide 5: Group & Company Overview
INOXGreen ENERGY SERVICES LIMITED GROUP & COMPANY OVERVIEW A + INOYGRL
Slide 6: INOXGFL Group – A US$ 8 BN Indian Conglomerate
INOXGFL GROUP – A US$ 8 BN INDIAN CONGLOMERATE INOXGFL Group, with a legacy of more than 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
Slide 7: 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 8: 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 >3.2 GW of O&M assets Rajasthan: 572 MW ✓ Targeting to reach
Slide 9: Macro Environment Entails Significant Wind Capacity Addition Over the Next Decade
MACRO ENVIRONMENT ENTAILS SIGNIFICANT WIND CAPACITY ADDITION OVER THE NEXT DECADE 8
Slide 10: Favorable Macro Environment Expected to Boost Wind Sector Investments
FAVORABLE MACRO ENVIRONMENT EXPECTED TO SIGNIFICANTLY BOOST WIND SECTOR INVESTMENTS India’s Renewable RE project bids planned Energy installed capacity 596 GW to be awarded between 250 GW target as per NEP FY24-28 India Wind Installed Plain vanilla wind project Capacity target as per the 122 GW bids
Slide 11: Opportunities for the Indian Wind Sector Are Immense
OPPORTUNITIES FOR THE INDIAN WIND SECTOR ARE IMMENSE RENEWABLE ENERGY IMPLEMENTATION AGENCY-WISE BIDDING CALENDAR FOR FY24 ▪ ~ 18 GW of plain vanilla wind and hybrid/RTC/FDRE project tenders have been floated and are expected to be awarded over the next few months ▪ Total wind capacity (including fr
Slide 12: Wind O&M Business – Stability with Growth
IGESL – WIND O&M BUSINESS – STABILITY WITH GROWTH 11
Slide 13: Portfolio of 3.2 GW of O&M Assets
IGESL – PORTFOLIO OF 3.2 GW OF O&M ASSETS O&M Portfolio Growth Journey 3,200MW 2,750MW 2,362MW 1,082MW 91MW 2019 2022 2023 2013 2016 Key Metrics 1 2 3 4 5 6 3.2GW >6 years 5-20 years 2,575 MW INR 177 crs INR 85.5 crs Current Residual Duration of Tenor of O&M Net Order Book of 9M FY24 Revenue from Po
Slide 14: Asset Light Growth Oriented Annuity Business Model
IGESL – ASSET LIGHT GROWTH ORIENTED ANNUITY BUSINESS MODEL Focus on long-term contracts with steady Digital Transformation Initiatives of IGESL cashflows 24x7 centralized Performance analysis IGESL provides Long-term O&M services for wind farm monitoring of assets & improvement projects, wind turbin
Slide 15: O&M Business Poised for Growth
IGESL – O&M BUSINESS POISED FOR GROWTH 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. Leveraging both company’s own and group’s exi
Slide 16: Growth Strategy Going Forward
IGESL – GROWTH STRATEGY GOING FORWARD A. Organic Growth: ✓ The execution of orders by Inox Wind shall lead to a firm addition to the existing O&M fleet of ~ 3GW. ❖ Pricing Reset: Pricing of O & M contracts be it shared services or comprehensive are reset at the time of renewal of O & M contracts to
Slide 17: 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 18: Key Financials - Audited Consolidated Income Statement
KEY FINANCIALS - AUDITED CONSOLIDED INCOME STATEMENT Particulars (Rs in Lakhs) Q3 FY24 Q2 FY24 Q3 FY23 9M FY24 9M FY23 FY23 Revenue from operation (net of taxes) 5,996 4,739 7,161 16,392 19,350 25,030 Other Income 58 1,082 2,009 1,315 2,529 3,980 Total Income from operations (net) 6,054 5,821 9,170
Slide 19: Thank You
THANK YOU Anshuman Ashit Manish Garg Contact No: +91 84518 30601 Email : Investors.iwl@inoxwind.com Email : anshuman.ashit@inoxwind.com This presentation and the related discussions may contain “forward looking statements” by Inox Green Energy Services Limited (“IGESL” or “the Company”) that are not
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