Premier Energies Limited · NSE:PREMIERENE
Premier Energies — Q2 FY25 Earnings Presentation
30 slides from Premier Energies's earnings presentation, Nov 8, 2024
Slide 1: Exchange filing cover letter
Ref: PEL 14/ 2024-25 Date: November 8, 2024 To To The Secretary The Manager, BSE Limited Listing Department Phiroze Jeejeebhoy Towers, National Stock Exchange of India Limited Dalal Street, Exchange Plaza, C-1, G Block, Bandra-Kurla Mumbai – 400001 Complex, Bandra (East), Mumbai – 400 051 Scrip Code
Slide 2: Premier Energies Quarterly Presentation Q2 FY25
PREMIER ENERGIES QUARTERLY PRESENTATION Q2 FY25
Slide 3: Agenda
CONFIDENTIAL AG E N DA 01 About Us 02 Industry Highlights 03 Financial Performance 04 Business Updates 05 Sustainability and ESG 2
Slide 4: About Us
ABOUT US
Slide 5: 29 years of Legacy!
About Us CONFIDENTIAL 29 years of Legacy! Listed on Bombay Stock Exchange Capacity (BSE) and Expansion National Stock Capacity expansion Exchange (NSE) Capacity: Capacity Cells: 2,000MW expansion Capacity: Investment of Cells: 2,000MW Module: 4,134MW INR 1,770 Mn from Capacity: Module: 3,260MW GEF C
Slide 6: Prominent player - Indian PV manufacturing sector
About Us CONFIDENTIAL Prominent player - Indian PV manufacturing sector One of the first in the Indian solar Integrated solar cell and module Cell technology transitioned to sector to backward integrate cell manufacturer with 29 years of MonoPERC, and moving to manufacturing with module legacy produ
Slide 7: Presence in solar power value chain
About Us CONFIDENTIAL Presence in solar power value chain Solar Cells Solar Modules EPC O&M 1 2 3 4 ⚫ Current Technology: ⚫ Current Technology: ⚫ 10+ years of track record in Solutions: Solar ground MonoPERC MonoPERC, TOPCon, and HJT Ground mounted and mount and rooftop solar Rooftop Projects soluti
Slide 8: Industry Highlights
Premier Energies INDUSTRY HIGHLIGHTS
Slide 9: Overview
Industry Highlights CONFIDENTIAL Overview Polysilicon Ingots Wafers Cell Module ⚫ Polycrystalline silicon, or ⚫ Extracting, purifying, and ⚫ Slicing ingots into thin, ⚫ Most complex process in ⚫ Connecting cells in series Polysilicon is a high purity, refining silicon into high- single-crystal silic
Slide 10: Renewable energy leading the path
Industry Highlights CONFIDENTIAL Renewable energy leading the path Power generating technologies installed in 2023 globally 4% 9% 11% 6% 20% 9% The number of markets that are installing 19% more renewable capacity than fossil-fuel capacity keeps rising. In 2023, 83% of the world’s economies had a 29
Slide 11: Solar installation capacity additions in major economies
Industry Highlights CONFIDENTIAL Solar installation capacity additions in major economies Solar installation capacity additions in major Share of incremental capacity economies (GW)1 addition by FY30E (GW)2 7, 2% 7, 2% 217 34, 11% 169 149 142 135 128 86 49 53 36 40 28 32 29 19 25 24 21 24 15 10 13 1
Slide 12: Indian government policy tailwinds
Industry Highlights CONFIDENTIAL Indian government policy tailwinds ✓ Solar Parks (37.7 GW) INSTALLED MODULE CAPACITY (GW) Demand-side measures ✓ PM Surya Ghar Muft Bijli Yojana (25 – 30 GW) 150.0 ✓ PM – Kusum Scheme (34.8 GW) 4.2 72.0 ✓ CPSU Scheme – Phase II (12 GW) FY17 FY24 FY28E ✓ Production Li
Slide 13: Overcapacity in Chinese solar industry led to sharp decline in prices
Industry Highlights CONFIDENTIAL Overcapacity in Chinese solar industry led to sharp decline in prices Wafer Price ($ / piece) Cell Price ($ / Wp) 0.88 0.83 0.16 0.15 0.55 0.13 0.39 0.08 0.17 0.04 0.07 0.04 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2021 - FY 2022 - FY 2023 - FY 2024 FY 2025 Wafer P
Slide 14: Key industry developments in India during the quarter
Industry Highlights CONFIDENTIAL Key industry developments in India during the quarter ALMM Policy Update for Solar Industry Starting April 2026, only ALMM-listed solar PV cells can be used in government projects, reinforcing local manufacturing. From April 2024, this mandate already applies to modu
Slide 15: Solar cell technology - PERC TopCon and HJT technologies
Industry Highlights CONFIDENTIAL Solar cell technology - PERC TopCon and HJT technologies Comparison of various solar cell technologies Efficiency of various solar cell technologies PARAMETERS PERC TOPCon HJT 32% 31% 30% Cell Efficiency (2024) 23.2%–23.7% 24.5%–25.2% 24.5%-25.2% 29% 28% 27% Module E
Slide 16: Financial Performance
FINANCIAL PERFORMANCE - :
Slide 17: Financial Highlights (1/3)
Financial Performance CONFIDENTIAL Financial Highlights (1/3) Revenue EBITDA QOQ YOY QOQ YOY 9.9 % 280.2 % Q2 -6.9 % 121.4% Q2 1,553.59 406.95 FY25 FY25 Q1 Q1 1,668.79 370.40 FY25 FY25 Q2 Q2 107.02 701.81 FY24 FY24 Profit After Tax EBITDA and PAT Margin QOQ YOY Q2 26.19% Q2 3.9 % 289.6 % 205.95 FY25
Slide 18: Financial Highlights (2/3)
17 Financial Performance CONFIDENTIAL Financial Highlights (2/3) Breakup of Revenue from Operations1 Revenue from Operations mix 1,657.37 1,484.16 1,148.26 996.55 501.02 557.59 447.05 448.59 147.43 136.11 82.08 43.06 45.25 62.05 - Q2 FY24 Q1 FY25 Q2 FY25 Q2 FY24 Q1 FY25 Q2 FY25 Export Domestic Cell
Slide 19: Financial Highlights (3/3)
Financial Performance CONFIDENTIAL Financial Highlights (3/3) Net Debt in Cr. Net Debt to EBITDA H1 H1 FY25* -0.35 FY25 -273.79 H1 H1 1014.87 5.5 FY24 FY24 Mar'24 1135.24 Mar'24 2.24 DEBT TO EQUITY 0.55 AS ON SEP-24 * Net Debt for H1 FY25 is including the IPO proceeds of INR 1291 Cr. 18
Slide 20: Business Updates
B U S I N E S S U P DAT E S
Slide 21: Expansion plans & facilities update
Business Updates CONFIDENTIAL Expansion plans & facilities update 4 GW Integrated TOPCon 1.2 GW Cell Manufacturing 36,000 T Aluminium Frame 1 GW TopCon Cell line 2 GW Wafer Manufacturing Cell and Module facility in U.S. Manufacturing Timeline: Q4 FY25 Timeline: Timeline: FY28 Timeline: FY26 Timeline
Slide 22: Order Book Position
Business Updates CONFIDENTIAL Order Book Position* Product Portfolio (₹ Cr) Module 3943 3860 MW 6233 Cr Cell 1915 EPC 375 Pipeline 4250 MW 5738 Cr * as on 6th Nov 2024 21
Slide 23: Sustainability and ESG
Premier i. eC Energies SUSTAINABILITY AND ES
Slide 24: Sustainability Goals
Sustainability and ESG CONFIDENTIAL Sustainability Goals Contribution to UN Sustainable Development Goals (7/17) 23
Slide 25: Sustainability Goals
Sustainability and ESG CONFIDENTIAL Sustainability Goals Contribution to UN Sustainable Development Goals 36% 20% Female Employees Women on on shop floor company board Zero Liquid Discharge (ZLD) Inhouse rainwater Minimal dependence Recycles 100% harvesting facility on groundwater Reuse 91% (2.5 Mil
Slide 26: Sustainability Goals
Sustainability and ESG CONFIDENTIAL Sustainability Goals Contribution to UN Sustainable Development Goals • last 3 years contributed towards reduction of 3.7 Million tons CO2e by supplying modules to our customers • Enhanced plant capacity of 4.13 GW- of Solar Module manufacturing will reduce Carbon
Slide 27: Sustainability Goals
Sustainability and ESG CONFIDENTIAL Sustainability Goals Contribution to Sustainable Development Goals India’s first LEED Gold Technology Certified Automation Zero Waste to land fill Traceable and audited sourcing 26
Slide 28: Sustainability Goals
Sustainability and ESG CONFIDENTIAL Sustainability Goals Contribution to UN Sustainable Development Goals Absolute GHG Scope 1 Emissions: 1037 tCO2e, Scope 2 Emissions: 62,368 tCO2e 6MW rooftop solar project reducing Scope 2 emissions by ~4,158 tCO2 CO2 Adopted 9.74 acres for Greenbelt development i
Slide 29: Certifications, awards and accreditations
Sustainability and ESG CONFIDENTIAL Certifications, awards and accreditations 2024 2024 2024 2023 Bureau of energy Excellence in Efficiency Start Environmental Best in Industry in the sustainability award Labelling responsibility energy, Oil & Gas sector the 7th Renewable Certification with 4- initi
Slide 30: Thank You
THANK YOU