Suzlon Energy Ltd · NSE:SUZLON
Suzlon Energy — Q1 FY2021 Earnings Presentation
22 slides from Suzlon Energy's earnings presentation, Aug 28, 2020
Slide 1: Suzlon Energy Limited Investor Presentation Q1 FY 2020-21
Suzlon Energy Limited Investor Presentation Q1, FY 2020-21 28 August 2020
Slide 2: Disclaimer
Disclaimer • This presentation and the accompanying slides (the “Presentation”), which have been prepared by Suzlon Energy Limited (the “Company”), have been prepared solely for information purposes and DOES not constitute any offer, recommendation or invitation to purchase or subscribe for any secu
Slide 3: Milestones Achieved
Milestones Achieved Debt Restructuring Completed Cumulative Market Share* Largest wind turbine fleet under maintenance in India ~34% Market leadership maintained for over 12.8 GW two decades 3rd highest in India Power Sector Out of 2.8 GW commissioning Q1 EBITDA Margin of done under SECI and State B
Slide 4: Key Updates for Q1, FY21
Key Updates for Q1, FY21 Covid-19 pandemic and the implementation of Debt Restructuring (completed on 30th June 2020) impacted Wind Turbine business in Q1, FY21 OMS business continues to deliver good performance and SE Forge (forging and foundry business) has also performed well Clear improvem
Slide 5: Financial Performance
Financial Performance Industry Outlook Technology Suzlon Strengths 5
Slide 6: Q1 FY21 Financial Metrics
Q1 FY21 Financial Metrics (₹ Cr.) Q1 FY21 Q1 FY20 Particulars Remarks Unaudited Unaudited Net Revenue 513 833 Primarily due to low volume Gross Profit 356 437 Gross Margin 69.4% 52.5% Employee Expenses 159 208 Other Expenses (net) 80 167 Includes partly variable cost Exchange Loss / (Gain) 26 20 EBI
Slide 7: Wind Order Book (as at 30th Jun, 2020)
Wind Order Book (as at 30th Jun, 2020) Particulars Capacity Remarks Central Auctions 789 MW State Auctions/PSU 65 MW All orders backed by signed PPA’s Captive/Retail 13 MW Wind Firm Order Book 867 MW Value of Order Book ₹ 4,475 Cr. SEFL and Service orders over and above this order book 7 Sizable auc
Slide 8: Industry Outlook
Financial Performance Industry Outlook Technology Suzlon Strengths 8
Slide 9: Strong Visibility on Growth for Indian Wind Market
Strong Visibility on Growth for Indian Wind Market Feed-in-Tariff + Captive / PSU / Retail Auction + Captive / PSU / Retail Commissioned till FY20 Estimated Commissioning by FY24 (GW) 6.0 5.5 +34% -28% 5.0 3.5 2.5 1.8 2.1 1.6 FY17 FY18 FY19 FY20 FY21e FY22e FY23e FY24e Source: MNRE Source: Internal
Slide 10: Tariffs are firming up since early Wind Project auctions in India
Tariffs are firming up since early Wind Project auctions in India Wind Auction Tariffs (Rs/Unit) Tariff cap 3.47 removed for 3.42 future auctions 2.94 2.99 2.85 2.82 2.8 2.84 2.77 2.76 2.79 2.65 2.67 2.69 2.51 2.43 2.44 SECI 1 TN Bid SECI 2 GJ Bid SECI 3 MH Bid SECI 4 NTPC SECI 5 HB1 SECI 6 GJ-2 SEC
Slide 11: Industry Updates
Industry Updates ISTS waiver extended by MoP till Jun, 2023 (captive and open access brought under policy purview) RTC Tender concluded by SECI for 400 MW Round-The-Clock Power supply at levelised tariff of INR 2.90 p.u. Group of Ministers (GoM) has approved the new Tariff policy; Cabinet appr
Slide 12: Future Drivers for WTG Business growth
Future Drivers for WTG Business growth Ambitious targets of GOI for Renewable Energy in India – GOI working towards facilitative policies + ramping up infrastructure required to achieve the targets Government plans to conduct bidding of 50 GW wind capacity in next 5 years; Focus on Wind to increas
Slide 13: Technology
Financial Performance Industry Outlook Technology Suzlon Strengths 13
Slide 14: Products Optimized for Market Demand
Products Optimized for Market Demand S111-140 S120-140 S133-140 2.1 MW 2.1 MW 2.8 MW Proto Commissioned Aug’17 Proto Status Date Proto Status Date S133-105 Commissioned Aug ’19 S120-105 Commissioned Jun ’18 S120-140 Commissioned Dec’18 S111-140 S120 S133 ~5-6% ~6-7% ~23-25% Higher Energy Yield Highe
Slide 15: Product Development
Product Development S133: New Product SB 63 – Won SKOCH award for Corporate Excellence RLMM Listing completed All Testing & Measurement completed Multiple Tower Options (Hybrid Lattice, Steel Tubular) S133 – 105 15 Enables us to reach untapped wind sites in challenging terrains
Slide 16: Suzlon Strengths
Financial Performance Industry Outlook Technology Suzlon Strengths 16
Slide 17: Suzlon's Strengths in Indian Wind Market
Suzlon’s Strengths in Indian Wind Market Full Turnkey Solution Pan India Presence Provider Technology Leadership Strong Customer Relationship Best In Class Service 25 Years Track Record Capabilities 17 End-to-end service provider with strong presence across value chain & customer segments
Slide 18: Accolades
Accolades • World’s 1st solar project quality certification for Suzlon’s 100 MW project • DNV GL confirms safety features and technical compliance • Testament of our commitment to high quality standards • Coimbatore Generator Unit wins CII Southern Region 13th Kaizen Competition • For uniform profil
Slide 19: 12.8 GW Wind Energy Installations In India
12.8 GW Wind Energy Installations In India Ranked No. 1 in Renewables Sector Largest fleet under Operation and Maintenance fold in India (31st Mar’20) # of Turbines MW <= 1 MW 1,678 777 >1 MW < 2 MW 4,268 5,774 =>2 MW 2,997 6,296 Total 8,943 12,847 2.0 GW • 34% - All India installed wind capacity 2.
Slide 20: Suzlon's Global Presence (18.8 GW)
Suzlon’s Global Presence (18.8 GW) As on 31st Mar 2020 2 5 2 1 North 6 America 3 1 2.78 GW 4 Asia 3 5 13.80 GW South America Europe 0.81 GW 0.51 GW 4 South Australia Africa 0.76 GW 0.14 FGW 6 20 Suzlon’s strong relationships across regions positions it well Map not to scale. All data, information, a
Slide 21: Suzlon 2.0
Suzlon 2.0 India De-risk Focus Business Model Service Low Breakeven Expansion Higher Profits SUZLON 2.0 Focus on Component Cash-Flows Exports 21
Slide 22: Thank You
CIN of Suzlon Energy Ltd - L40100GJ1995PLC025447 THANK YOU 22