Inox Green Energy Services Ltd. · NSE:INOXGREEN
Inox Green Energy Services — Q4 FY24 Earnings Presentation
21 slides from Inox Green Energy Services's earnings presentation, May 3, 2024
Slide 1: Stock exchange disclosure cover letter
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: Q4 FY24 Results Presentation
INOX GREEN ENERGY SERVICES LIMITED Q4 FY24 RESULTS PRESENTATION MAY 2024 1
Slide 3: Contents
CONTENTS 1. KEY HIGHLIGHTS OF THE QUARTER 2. GROUP OVERVIEW 3. WIND O&M BUSINESS – STABILITY WITH GROWTH 4. MACRO ENVIRONMENT ENTAILS SIGNIFICANT WIND CAPACITY ADDITION OVER THE NEXT DECADE 5. Q4 & FY24 FINANCIALS 2
Slide 4: Key Highlights of the Quarter
KEY HIGHLIGHTS OF THE QUARTER Machine availability for the portfolio averaged 97.05% in Q4 FY24 & 96.1% in FY24 Revenue of Rs 84.1 cr in Q4 FY24 vs Rs. 60.5 Cr in Q3 FY24 EBIDTA of Rs 46.5 cr in Q4 FY24 vs Rs. 23.7 cr in Q3 FY24 PAT of Rs 21.6 cr in Q4 FY24 vs Rs. 0.8 Cr in Q3 FY24 O&M por
Slide 5: Group Overview
INOXGreen ENERGY SERVICES LIMITED
Slide 6: INOXGFL Group – A US$ 8 bn Indian Conglomerate
INOXGFL GROUP – A US$ 8 BN INDIAN CONGLOMERATE INOXGFL Group, with a legacy of over 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 curr
Slide 7: Wind O&M Business – Stability with Growth
WIND O&M BUSINESS – STABILITY WITH GROWTH 6
Slide 8: 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 9: 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 plus additional value added services c
Slide 10: IGESL – Portfolio of 3.2 GW of O&M Assets
IGESL – PORTFOLIO OF 3.2 GW OF O&M ASSETS O&M Portfolio Growth Journey 3,208MW 2,750MW 2,362MW 1,082MW 91MW 2019 2022 2024 2013 2016 Key Metrics 1 2 3 4 5 6 3.2GW >6 years 5-20 years 2,656 MW INR 261 crs INR 129 crs Current Residual duration of Tenor of O&M Net Order Book of FY24 Revenue from Portfo
Slide 11: IGESL – 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 monitoring of assets & improvement IGESL provides Long-term O&M services for wind farm projects, wind turbin
Slide 12: IGESL – O&M Business Poised for Growth
IGESL – O&M BUSINESS POISED FOR GROWTH Inorganic growth prospects# 12,946 9,793 O&M business of inactive/stressed players maintaining ~10GW of capacity provides a significant opportunity for IGESL’s inorganic 6,982 growth. Majority of this fleet is across retail customers Leveraging both company’s o
Slide 13: IGESL – Growth Strategy Going Forward
IGESL – GROWTH STRATEGY GOING FORWARD A. Organic Growth: The execution of orders by Inox Wind shall lead to addition to the existing O&M fleet of ~ 3.2GW 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 increase p
Slide 14: IGESL – 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 15: Macro Environment Entails Significant Wind Capacity Addition Over the Next Decade
MACRO ENVIRONMENT ENTAILS SIGNIFICANT WIND CAPACITY ADDITION OVER THE NEXT DECADE 14
Slide 16: Renewable Energy in India – At an Inflection Point
RENEWABLE ENERGY IN INDIA – AT AN INFLECTION POINT India’s Renewable Energy Capex required for ~ 440 installed capacity target by 596 GW GW of RE capacity addition ~ Rs 28 trn 2032 as per NEP over 2022-32 Capex required for ~ 311 GW of India Solar Installed Capacity target by 2032 as per the NEP 365
Slide 17: India Is on Track to Reach Its 2030 Renewables Targets
INDIA IS ON TRACK TO REACH ITS 2030 RENEWABLES TARGETS > 50 GW Renewables Capacity was awarded in FY24 Solar >32 GW As per the recent statements by the Union Power and Renewable Energy Minister Shri R. K. Singh, India is well Renewable Energy 50 on track w.r.t. its 2030 targets with Capacity Awarded
Slide 18: Q4 & FY24 Financials
ENERGY SERVICES LIMITED Q4 & FY24 FINANCIALS i 7 INopMGrL. crour
Slide 19: Key Financials - Consolidated Income Statement
KEY FINANCIALS - CONSOLIDED INCOME STATEMENT Figures in Rs crores Particulars 3/31/2024 12/31/2023 3/31/2023 3/31/2024 3/31/2023 Income a) Revenue from operation (net of taxes) 52.4 60.0 56.8 224.3 250.3 b) Other Income 31.7 0.6 14.5 36.9 39.8 Total Income from operations (net) 84.1 60.5 71.3 261.2
Slide 20: Key Financials - Consolidated Balance Sheet
KEY FINANCIALS - CONSOLIDED BALANCE SHEET Figures in Rs crores Particulars As at As at As at As at 31 March, 2024 31 March, 2023 Particulars 31 March, 2024 31 March, 2023 ASSETS EQUITY AND LIABILITIES (1 ) Non-current assets Equity (a) Property, Plant and Equipment 745.1 1,085.1 (a) Equity Share cap
Slide 21: Thank You
THANK YOU Investor Relations Contact No: +91 120 614 9600 Email : Investors.iwl@inoxwind.com Follow us on Social Media: This presentation and the related discussions may contain “forward looking statements” by Inox Green Energy Services Limited (“IGESL” or “the Company”) that are not historical in n
Inox Green Energy Services — Q4 FY24 Earnings Presentation on 6ix