Sterling And Wilson Renewable Energy Limited · NSE:SWSOLAR
Sterling And Wilson Renewable Energy — Nuvama Conference 2024
23 slides from Sterling And Wilson Renewable Energy's conference presentation, Feb 11, 2024
Slide 1: Intimation of investor conference under Regulation 30
February 11, 2024 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scrip Code: 542760 Symbol: SWSOLAR Sub.: Intimation under Regulation 30 of Securities and Exchange Bo
Slide 2: The future of solar energy is Bright
The future of solar energy is Bright STERLING AND WILSON RENEWABLE ENERGY LIMITED Nuvama Conference Presentation February 2024
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Sterling and Wilson Renewable Energy Limited (the “Company”), have been prepared solely for information purposes and is not a prospectus, disclosure document, placement document or other offeri
Slide 4: Our Journey
Our Journey JOURNEY TILL IPO 2018 Expanded operations in Australia by acquiring a controlling stake in GCO Electrical 2019 Pty Ltd. 2015 Emerged as World’s largest (1) Solar EPC player in 2018 Recognised as the largest Indian solar EPC player Global player with presence and operations Achieved Inter
Slide 5: Our Journey: A very profitable business pre-Covid
Our Journey A VERY PROFITABLE BUSINESS PRE-COVID Key Financials (INR mn) – FY16-19 FY19 Revenue breakup India 30.3% FY16 FY17 FY18 FY19 Revenue from MENA operations Rs 8,240 cr 47.7% 8,240 6,872 Africa 2,739 8.0% 1,640 Americas SEA 4.3% 9.6% Asset light business model… 985 Margin* Gross 753 213 332
Slide 6: Key reasons for underperformance post Covid
Our Journey KEY REASONS FOR UNDERPERFORMANCE POST COVID • COVID-19 Pandemic & Lockdown • Our major project portfolio was awarded just prior to, and during Covid-19 Pandemic (October 2019 to July 2020) • Australia & US markets constituted bulk of the Unexecuted order book which increased our geograph
Slide 7: A strong and profitable market for SWREL
Our Journey A STRONG AND PROFITABLE MARKET FOR SWREL India Order Inflow (INR Cr) India EPC Revenue (INR Cr) More than 90% new order inflow post Sep 2022 3,000 5,000 4,000 4,387 4,515 2,000 3,000 2,000 2,413 1,959 1,000 1,694 1,407 1,000 1,345 1,085 697 713 435 516 0 0 FY19 FY20 FY21 FY22 FY23 9MFY24
Slide 8: Our Positioning
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Slide 9: Renewables: India outlook
Renewables: India outlook | SOLAR WILL OUTPACE OTHER SEGMENTS IN CAPACITY ADDITION Share of RE in total installed energy capacity in India Solar capacity is expected to reach 27% of overall installed capacity(1) by FY28 in GW Nuclear, 2.0% Nuclear, 2.0% Hydro, 8.0% 2.2% 3.7% 6.4% 7.9% 9.5% 10.5% 13.
Slide 10: Key domestic order wins in 9MFY24
India Outlook | KEY DOMESTIC ORDER WINS IN 9MFY24 • LOI for Module + BOS package of ~375 • Received order of ~490 MW DC in MW DC in 2QFY24 2QFY24 • L1 for Floating solar ~220 MW DC in 3QFY24 • Received order of 319 MW DC in 1QFY24 • Received new BOS order of ~530 MW DC in 3QFY24 • Received new BOS o
Slide 11: Market growth continues to surprise positively
India Outlook | MARKET GROWTH CONTINUES TO SURPRISE POSTIVELY Total Market in FY 23 Total Market in FY 24 • Overall market in FY24 is (~26 GW) (~35 GW) anticipated to increase by 37% over FY23 13% • Share of Self EPC has marginally 40% declined 30% 57% • ~20% of orders till Q3FY24 has 60% been with
Slide 12: Order book & pipeline
Outlook | ORDER BOOK & PIPELINE Unexecuted Order Value Movement Gross UOV as on 17 January 2024 Europe +5,527 -1,701 11.3% Australia, 0.9% 8,750 +10 4,913 India, 87.4% UOV as on 31 Mar Forex adjustments Order inflow Projects executed UOV as on 17 Jan 2023 in 9MFY24 2024 India Solar EPC bid pipeline*
Slide 13: International order signed
Outlook | INTERNATIONAL ORDER SIGNED • SWREL bagged its first international order in 3 years with a BOS package for a 221 MWdc project in Spain • Through this project, SWREL has achieved a key breakthrough in the European solar market • The scope of work includes design, engineering, supply (excludi
Slide 14: MOU announced in FY23
Outlook | MOU ANNOUNCED IN FY23 • Sterling and Wilson Solar Solutions, Inc (SWSS), the US step down subsidiary signed a MOU with the Government of the Federal Republic of Nigeria, along with its consortium partner Sun Africa in September 2022 • MOU is for the development, design, construction, and c
Slide 15: What differentiates us
Why Us | WHAT DIFFERENTIATES US Cost Effective Leveraging the Low-Cost India Base for global execution providing cost Expeditious competitive solutions Quick Decision Making & well-defined internal processes leading to timely execution Global Presence One of the only Global Pure-Play Solar EPC playe
Slide 16: Ability to handle large complex projects like NTPC Khavda
Why Us | ABILITY TO HANDLE LARGE COMPLEX PROJECTS LIKE NTPC KHAVDA • 1,500 MWp Khavda RE Power Park, Rann of Kutch, Gujarat • One of the Largest Solar projects in India with Trackers designed to capture maximum solar radiation during the day • Spread over 6,000 acres • Short Construction period of ~
Slide 17: Core engineering strength
Why Us | CORE ENGINEERING STRENGTH • In House Experience of completing Design and Engineering of over 15 GW Renewable Projects across the Globe • Team has worked with top design consultants, asset owners, engineers across various international and domestic assignments and successfully got proven des
Slide 18: Company Profile
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Slide 19: About Us: Who we are
About Us | WHO WE ARE Leading Solar EPC and O&M Solutions Provider Market Leader Leading Solar EPC We offer Design, Detailed Engineering, Procurement, Construction, Installation, solutions provider in Commissioning and Operations & Maintenance services under turnkey EPC and BoS the world (Balance of
Slide 20: Turnkey EPC solutions for utility-scale
Turnkey EPC solutions for utility-scale Sterling and Wilson Renewable Energy offers a range of turnkey and Balance of System (BoS) solutions for utility-scale, and floating solar power projects. The company also offers solar plus storage solutions. Our turnkey EPC solutions comprise design, engineer
Slide 21: BESS: Capabilities and solutions
BESS | CAPABILITIES AND SOLUTIONS We offer a fully integrated Solar + BESS System Modelling Battery Energy Storage Solution • • Minute level charging & discharging profile Temperature & irradiance modelling • Power system modelling & network performance assessment • Transient stability analysis & sh
Slide 22: Our Presence: Across the globe
Our Presence | ACROSS THE GLOBE UK Kazakhstan Spain Jordan Italy USA USA Egypt Vietnam 455 MWp Morocco UAE Saudi Arabia Thailand Mexico MENA Mali 1,962 MWp Oman Philippines India Nigeria India Kenya 10,043 MWp Tanzania Zambia Singapore Namibia Southeast Asia Latin America 323 MWp 575 MWp Chile Argen
Slide 23: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : Sterling and Wilson Renewable Energy Limited Strategic Growth Advisors Private Limited CIN: L74999MH2017PLC292281 CIN: U74140MH2010PTC204285 Mr Sandeep Mathew Mr Jigar Kavaiya / Mr. Parin Narichania Head – Investor Rela
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