Suzlon Energy Ltd · NSE:SUZLON
Suzlon Energy — Q2 FY2021 Earnings Presentation
24 slides from Suzlon Energy's earnings presentation, Nov 11, 2020
Slide 1: Exchange filing cover letter for Q2 FY21 presentation
11th November 2020. National Stock Exchange of India Limited, BSE Limited, “Exchange Plaza”, P.J. Towers, Bandra-Kurla Complex, Bandra (East), Dalal Street, Mumbai-400051. Mumbai-400001. Dear Sirs, Sub.: Investors’ presentation on Q2 FY21 results. In continuation to our letter dated 10th November 20
Slide 2: Suzlon Energy Limited Investor Presentation Q2 FY 2020-21
Suzlon Energy Limited Investor Presentation Q2, FY 2020-21
Slide 3: 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 4: Milestones Achieved
Milestones Achieved Cumulative Market Share* Largest fleet under maintenance* ~34% of 12.8 GW in India Market leadership maintained for over 3rd largest O&M Company in India Power two decades Sector Out of 2.95 GW commissioning H1, FY21 EBITDA Margin of done under SECI and State Bids, ~16% ~19% Due
Slide 5: Financial Performance
Financial Performance Industry Outlook Technology Suzlon Strengths Detailed Financials 4
Slide 6: Q2 FY21 Financial Metrics
Q2 FY21 Financial Metrics (₹ Cr.) Q2 FY21 Q2 FY20 Particulars Remarks Unaudited Unaudited Net Volume (MW) 27 27 Net Revenue 725 803 Gross Profit 390 133 Primarily due to higher provisions in Q2 FY20 Gross Margin 53.8% 16.6% Employee Expenses 141 209 Other Expenses (net) 114 167 Includes partly varia
Slide 7: H1 FY21 Financial Metrics
H1 FY21 Financial Metrics (₹ Cr.) H1 FY21 H1 FY20 Particulars Remarks Unaudited Unaudited Net Volumes (MW) 25 47 Primarily due to low volume in WTG and Net Revenue 1,237 1,636 components business due to Covid-19 Gross Profit 746 570 Due to change in revenue mix and higher Gross Margin 60.3% 34.8% pr
Slide 8: Wind Order Book (as at 30th Sep, 2020)
Wind Order Book (as at 30th Sep, 2020) Particulars Capacity Remarks Central Auctions 764 MW All orders backed by signed PPA’s State Auctions/PSU 65 MW Captive/Retail 70 MW Wind Firm Order Book 899 MW Value of Order Book ₹ 4,702 Cr. SEFL and Service orders over and above this order book 7 Sizable auc
Slide 9: Industry Outlook
Financial Performance Industry Outlook Technology Suzlon Strengths Detailed Financials 8
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 2.99 2.85 2.9 2.82 2.8 2.79 2.84 2.77 2.76 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 SECI
Slide 11: Industry Updates
Industry Updates RTC Tender concluded by SECI for 400 MW Round-The-Clock Power supply at first year tariff of INR 2.90 p.u. with 3% escalation p.a. for next 15 years Ministry of Power and MNRE provides five months Extension for under-construction Transmission Projects for RE Projects due to COVI
Slide 12: Technology
Financial Performance Industry Outlook Technology Suzlon Strengths Detailed Financials 11
Slide 13: Products Optimized for Market Demand
Products Optimized for Market Demand S111-140 S120-140 S133-140 2.1 MW 2.1 MW 3.0 MW (product series) 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 E
Slide 14: 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 13 Enables us to reach untapped wind sites in challenging terrains
Slide 15: Suzlon Strengths
Financial Performance Industry Outlook Technology Suzlon Strengths Detailed Financials 14
Slide 16: 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 15 End-to-end service provider with strong presence across value chain & customer segments
Slide 17: Accolades
Accolades • Suzlon has won the prestigious CII-ITC Sustainability Award 2019 for CSR • Won the prestigious award 'Company of the Year: IT & Data Analytics (Wind)' as part of Renewable Energy Digital Week India Awards 2020 • World’s 1st solar project quality certification for Suzlon’s 100 MW project
Slide 18: 12.8 GW Wind Energy Installations In India
12.8 GW Wind Energy Installations In India As on 31st Mar 2020 Ranked No. 1 in Renewables Sector 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
Slide 19: 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 18 Suzlon’s strong relationships across regions positions it well Map not to scale. All data, information, a
Slide 20: Detailed Financials
Financial Performance Industry Outlook Technology Suzlon Strengths Detailed Financials 19
Slide 21: Consolidated Income Statement
Consolidated Income Statement (₹ Cr.) Q2 FY21 Q1 FY21 Q2 FY20 H1 FY21 H1 FY20 FY20 Particulars Unaudited Unaudited Unaudited Unaudited Unaudited Audited Revenue from operations 725 513 803 1,237 1,636 2,933 Less: COGS 334 157 670 1,874 Gross Profit 390 356 133 746 570 1,060 Margin % 53.8% 69.5% 16.6
Slide 22: Consolidated Balance Sheet
Consolidated Balance Sheet (₹ Cr.) Liabilities Sept-20 Mar-20 Assets Sept-20 Mar-20 Shareholders' Fund -3,227 -10,983 Non Current Assets Non controlling interest -59 -59 Property, plant and equipment 856 905 -3,287 -11,042 Right-of-use assets 138 143 Non-Current Liabilities Capital work-in-progress
Slide 23: Debt Profile: Net Debt Movement
Debt Profile: Net Debt Movement (₹ Cr.) Sr. No. Particulars Sep’20 Mar’20 A Secured Loans 1 Term Loans / Working Capital Loans 4,322 11,755 2 0.01% OCD1 631 - 3 0.0001% CCPS2 1,840 - Total 6,793 11,755 B Unsecured Loans 1 4% FCCB3 210 1,339 2 Term Loans 44 43 Total 254 1,382 C Gross debt [A+B] 7,047
Slide 24: Thank You
CIN of Suzlon Energy Ltd - L40100GJ1995PLC025447 THANK YOU 23