Ujaas Energy Limited · NSE:UEL
Ujaas Energy — Investor Presentation (February 2016)
50 slides from Ujaas Energy's investor presentation, February 2016
Slide 1: Ujaas Energy Ltd. Investor Presentation February 2016
Ujaas Energy Ltd. Investor Presentation February 2016
Slide 2: Executive Summary
Executive Summary • Ujaas Energy Ltd (UEL) founded Mr Shyam Sunder Mundra and is run today along with his two sons, Company Overview Mr Vikalp Mundra and Mr Anurag Mundra. • Manufacturing transformers for more than 30 years, the company diversified into the generation of Solar energy and a Solar Pow
Slide 3: Company Overview
Company Overview 3
Slide 4: Summary
Summary • Founded by Mr. Shyam Sunder Mundra in 1976, as a sole proprietorship firm under the name of M And B Switchgears Limited. Effective from 19th August 2013, M And B Switchgears Limited was re-named as Ujaas Energy Ltd. • Started with the manufacturing of panel meter for energy controlling & t
Slide 5: Management Profiles
Management Profiles Shyam Sunder Mundra Accolades Chairman and Managing Director • Holds a degree in Bachelor of Science in Engineering (Electrical),. • A Masters degree in Electronics and Servomechanism ,also in Business Administration from Indore University. • Has over 43 years of experience in th
Slide 6: Management Profiles
Management Profiles • Over 19 years of work experience in India at Leadership positions in Global Multinational organizations like Citibank, Dell and Deloitte Manish Agarwal • Last employed as Vice President of Strategy, research and Innovation group at Deloitte where he Chief Operating Officer over
Slide 7: Solar Industry Overview
Solar Industry Overview 7
Slide 8: Solar Energy
Solar Energy • Solar energy is an energy source that involves tapping the radiant light energy that is emitted by the sun and converting it into electricity. The sun supplies energy in the form of radiation. • The amount of Energy in the sunlight received is equivalent to around 10,000 times the wor
Slide 9: Why Solar?
Why Solar? Importance & Relevance of solar energy • Plants and animals, alike, use solar energy to produce important nutrients in their cells. • It is a clean Energy Source • Does not cause disruption to the environment or create a threat to Eco-systems • Does not cause greenhouse gases, air or wate
Slide 10: Solar Power Technology
Solar Power Technology Different Types of Solar Technology Different Types of Solar Modules Crystalline Silicon Modules - Most solar modules are currently produced from silicon photovoltaic cells. These are typically categorized as monocrystalline or polycrystalline modules. Photovoltaic Solar Panel
Slide 11: Solar Power Plant
Solar Power Plant • Photovoltaic module consists of several photovoltaic cells connected by circuits and sealed in an environmentally protective laminate, which forms the fundamental building blocks of the complete PV generating unit. • Photovoltaic panel include more than one PV module assembled as
Slide 12: Global Energy Demand
Global Energy Demand Electric Power Consumption (kWh per capita) World 3,044 United States 13,246 OECD members 8,164 South Korea 10,162 India 684 China 3,298 - 3,500 7,000 10,500 14,000 2011 Global Energy Use 288.7 88.7 107.5 Solar Energy 0.004 Solar Energy 30.7% (GWh x 106 ) 2005 2050 Source: http:
Slide 13: Solar Power Scenario in the World
Solar Power Scenario in the World • It is projected that Total World Power Demand in 2025 will increase to 23,000 TWH compared to the 19,462 Terawatt hours (TWH) in 2012. • It is also projected that 16% of this demand will be met by solar PV systems • With an installed capacity of 433 GWP. • Two thi
Slide 14: Indian Power Scenario
Indian Power Scenario 3,00,000 Sources of Electricity in India Nuclear, Oil, 0.4% 2.2% 2,50,000 Gas, 73,324 Renewable 8.6% 2,00,000 69,994 Energy Sources, 11.8% 63,493 1,50,000 Hydro, Coal, 61.5% 42,414 15.5% 1,00,000 1,89,498 27,897 1,68,274 22,560 1,31,603 50,000 18,307 74,429 86,015 61,010 43,764
Slide 15: Comparison of Power Generation Methods
Comparison of Power Generation Methods Thermal Wind Hydro Solar • Abundant supply • No emissions • No emissions • Currently inexpensive to • Reliable • Non-polluting • Affordable extract • Capable of generating • Most abundant energy Pros • Little disruption of • Reliable and capable of large amount
Slide 16: Solar Power Scenario in India
Solar Power Scenario in India • India is endowed with a rich solar energy resource. The average intensity of solar radiation received on India is 200 MW/km square (megawatt per kilometer square). With a geographical area of 3.287 million km square, this amounts to 657.4 million MW. • It can be seen
Slide 17: National Solar Mission
National Solar Mission • The Jawaharlal Nehru National Solar Mission was launched on the 11th January, 2010 by then Prime Minister Manmohan Singh. • The Mission had set the ambitious target of deploying 100 GW of grid connected solar power by 2022. • It is aimed at reducing the cost of solar power g
Slide 18: Renewable Purchase Obligation
Renewable Purchase Obligation • Renewable Purchase Obligation (‘RPO’) is the requirement set by the Central Electricity Regulatory Commission (CERC) for an obligated entity to purchase electricity from renewable energy sources or buy Renewable Energy Certificates. • While the definition may vary sli
Slide 19: Regulatory Highlights
Regulatory Highlights Supreme Court Judgment • In a landmark judgement on May 13, 2015, the Supreme Court upheld the Rajasthan Electricity Regulatory Commission’s decision forcing the appellants to procure stipulated amounts of renewable energy or pay surcharge on non-fulfilment of the obligation. •
Slide 20: Regulatory Highlights
Regulatory Highlights Regulatory Updates • In a judgement dated April 20, 2015 by the Appellate Tribunal for Electricity, the Tribunal has given various directions to State/Joint Commissions: • State Commissions shall decide the RPO targets before commencement of Multi-Year Tariff period. Further, d
Slide 21: Regulatory Highlights
Regulatory Highlights Amendments to Electricity Bill • The Electricity (Amendment) Bill 2014, was presented in Parliament in December 2014. This was referred to Parliamentary Standing Committee on Energy and the committee has submitted its report to the Parliament on 7th May, 2015. The aim of bill i
Slide 22: Regulatory Highlights
Regulatory Highlights Draft Renewable Energy Act 2015 • While the Electricity Act Amendment provides many provisions for the promotion of renewable energy, there is the need for an integrated energy resource planning mechanism with the right supports in place. The purpose of this Act is to promote t
Slide 23: Regulatory Highlights
Regulatory Highlights National Tariff Policy • The Cabinet approved the following amendments in January 2016 to the National Power Tariff Policy which will have an impact on the renewable sector • Solar RPO to increase to up to 8% by March 2022 • Exemption of inter-State transmission charges and los
Slide 24: Business Models for a Solar Plant
Business Models for a Solar Plant PPA Mechanism Bundled Electricity Generation Sale to Utility Power Nodal Agency Utility Funds from Sale Solar Sale through State tariff policy or private Radiation consumers IPP/Grid Sales & Captive Sales Utility / Private Funds from Sale Consumer RPO Mechanism REC
Slide 25: REC vs Preferential Tariff
REC vs Preferential Tariff REC Projects Open access PPA Projects High but variable returns Any capacity above 250 Kw Through competitive bidding Allotment is assured Average but fixed returns Get RECs trading Minimum 5 MW Variable tariff Allotment depends on competition Unlimit
Slide 26: REC Mechanism
REC Mechanism Renewable Energy Solar REC INR 3.5 to INR 5.8 per unit Price Band Certificate (REC) Non Solar REC INR 1.5 to INR 3.3 per unit Key Salient Features of REC Mechanism • It is a market based instrument created to promote renewable energy and facilitate renewable purchase obligations (RPO).
Slide 27: UJAAS
UJAAS 27
Slide 28: Revenue Stream of UJAAS' Clients
Revenue Stream of UJAAS’ Clients Sale of Power • Power generated to be sold to Large power (HT) consumers, State Electricity boards/utility and distribution companies and lastly used for self-consumption of power. Tax Benefits •The solar power plant is 80% depreciable item. In the first year 20% ext
Slide 29: Benefits of UJAAS
Benefits of UJAAS • Saving Tax • Go Green Initiative – 100% Depreciation (80% + 20% additional in 1st year.) - Contributing to green initiative, by using Solar – Tax free Income under 80 IA. Power and reducing carbon footprint. • Lucrative Returns • New Business Opportunity – Multiple Streams of pro
Slide 30: Benefits of Ujaas
Benefits of Ujaas Advantages of Madhya Pradesh Sites for Solar Power Plants • Rajgarh and Barod sites are a mix of high radiation and low temperature making them ideal for solar power generation • Both sites are near the substations and company has built dedicated feeders from the solar site to that
Slide 31: Some of UJAAS' Clients
Hindustan Platinum Pvt. Ltd. fegeaa wifean wade fafaes ICGANEDIAN (6 Sabon Sodom Choro Lt, Tt GY NALCO DUSTRI AUICORPORATION SALT 8 QUA STRENGTH National Aluminium Company Limited xa | J STAR DELTA TRANSFORMERS TD Sal
Slide 32: UJAAS EPC
UJAAS EPC 32
Slide 33: UJAAS EPC
UJAAS EPC • Over 35 years experience in the power sector with a track record of over 130 MW in the solar sector. • Order book at 36 MW and bid book at 215 MW. • Experience in both ground mounted and rooftop projects. • ISO 9001:2008 certified. Ujaas EPC Clients • Proven design and construction capab
Slide 34: UJAAS Parks
UJAAS Parks 34
Slide 35: UJAAS Parks
UJAAS Parks Under the UJAAS Parks segment, the company takes care of: • Land: Land selection for the Solar Power Plant plays a critical role in power generation. Land banks are available with Ujaas Energy Ltd.(UEL) having the clear title without any encumbrance. Required land will be sold to Solar P
Slide 36: UJAAS Parks Flowchart
UJAAS Parks Flowchart UJAAS: Own Your Sun Agreement/Order Timely Payments receive on each Installation & Execution Transfer of Land milestone Land Plant & Machinery Solar PV Modules Step 1: Land Leveling • Approvals • Documentation Step 2: Erection of Mounting Systems & Other • Permissions Infrastru
Slide 37: UJAAS Park Economics
UJAAS Park Economics Average 1 Mega Watt Solar Power Park Cost Breakup Intangible Services include: Intangible services Environmental Clearances 2% REC registrations Other Components include: Other permissions and approvals Inverters Transformers SCADA system Weather Station Other Common Infrastruct
Slide 38: UJAAS Parks- Projects
UJAAS Parks- Projects Type – Grid Connected Solar Power Type – Grid Connected Solar Power Type – Grid Connected Solar Power Plant Plant Plant City – Barod, M.P City – Rajgarh, M.P City – Susner, M.P. Capacity – 28.22 MW Capacity – 16.5 MW Capacity – 16.49 MW Type – Grid Connected Solar Power Type –
Slide 39: UJAAS My Site
UJAAS My Site 39
Slide 40: UJAAS – My Site
UJAAS – My Site UJAAS My Site: • caters to commercial organizations wanting to install solar power generation systems on their own premises or sites of their choice. • The premises installation attracts very less approvals & permissions and can be executed quickly. • Provides complete turnkey soluti
Slide 41: UJAAS – My Site Projects
UJAAS – My Site Projects Sector – Power Generation Sector – Retail Chain Sector – Cycles City – Noida City – Hyderabad City – Ludhiana Capacity – 110KW Capacity – 100KW Capacity – 100 KW Sector – Aluminium Sector – Education City – Bhubaneswar City – Junjhunu Capacity – 160 +100 KW Capacity – 100 KW
Slide 42: UJAAS Home
UJAAS Home 42
Slide 43: UJAAS – Home
UJAAS – Home • With UJAAS Home, the company brings the power of the sun to investor’s doorstep. Offering small off grid solutions to the customer, Ujaas provides customers an opportunity to produce clean energy for their own house. • Using these small roof top solutions consumers can produce solar e
Slide 44: Transformer Business
Transformer Business 44
Slide 45: Transformer Business
Transformer Business Through continuous research and development, UJAAS has successfully extended its product range to manufacture transformers up to 25,000 KVA at 132 KV class and includes special duty transformers too. The transformers are manufactured in conformance to Indian Standards Specificat
Slide 46: Financial Performance
Index Financial Performance 46 46
Slide 47: Income Statement
Income Statement Particulars (INR. Mn) FY11 FY12 FY13 FY14 FY15 9MFY16 Total Income * 339 370 2,480 5,332 1,133 1,115 Operating Expenses 305 336 1,972 4,341 688 776 EBITDA 34 34 508 991 445 339 EBITDA Margin (%) 10.03% 9.19% 20.48% 18.58% 39.28% 30.40% Finance Cost 19 10 50 91 180 101 Depreciation 3
Slide 48: Standalone Balance Sheet
Standalone Balance Sheet Particulars (INR Mn) FY13 FY14 FY15 H1 FY16 Particulars (INR Mn) FY13 FY14 FY15 H1 FY16 B ASSETS EQUITIES & LIABILITIES A Part -1 Non-Current Assets Shareholder Funds Part-1 Fixed Assets (a) Share Capital – Equity 200 200 200 200 (a) Tangible Assets 400 1,904 1,828 1,791 (b)
Slide 49: Financial Performance
Financial Performance Income (INR Mn) EBITDA (INR Mn) PAT (INR Mn) 1,200 400 374 6,000 5,332 991 1,000 350 5,000 300 270 4,000 800 250 3,000 2,480 600 508 200 445 2,000 400 150 117 1,133 1,000 100 200 50 0 0 FY13 FY14 FY15 0 FY13 FY14 FY15 FY13 FY14 FY15 ROE & RoCE (%) Net Debt Equity (x) Book Value
Slide 50: Disclaimer
Disclaimer Ujaas Energy Ltd. Disclaimer: No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all