Inox Green Energy Services Ltd. · NSE:INOXGREEN
Inox Green Energy Services — Q1 FY24 Earnings Presentation
22 slides from Inox Green Energy Services's earnings presentation, Jul 29, 2023
Slide 1: Regulation 30 disclosure cover letter to stock exchanges
INOX Green Energy Services Limited (Earlier known as lnox Wind Infrastructure Services Ltd.) EN'ERGY S E R V I C E S L I M I T E D Corporate Office: INOXGFL Towers, Plot No.17, Tel: +91-120-6149600 1 contact@inoxgreen.com Sector-16A, Noida-201301, Uttar Pradesh, India. Fax: +91-120-6149610 1 https:/
Slide 2: Q1 FY24 Results Presentation
INOX GREEN ENERGY SERVICES LIMITED Q1 FY24 RESULTS PRESENTATION JULY 2023 1
Slide 3: Contents
CONTENTS 1. KEY HIGHLIGHTS OF THE QUARTER 2. GROUP & COMPANY OVERVIEW 3. MACRO ENVIRONMENT TURNING FAVOURABLE FOR THE WIND SECTOR 4. IGESL – WIND O&M BUSINESS – STABILITY WITH GROWTH 5. ESG FRAMEWORK 6. Q1 FY24 EARNINGS UPDATE 2
Slide 4: Key Highlights of the Quarter
KEY HIGHLIGHTS OF THE QUARTER IGESL turns PAT positive in Q1 FY24 O&M portfolio as on 30th Jun’23 stands at 3,144MW Machine availability averaged 95.2% for the entire portfolio during Q1 FY24 Total revenue from operations of Rs. 63.9 Crs in Q1 FY24 against revenue of Rs. 61.8 Crs in Q1 FY23#
Slide 5: Group & Company Overview
INOXGreen ENERGY SERVICES LIMITED GROUP & COM PANY OVERVIEW i ; a croup
Slide 6: Part of the Strong INOXGFL Group
PART OF THE STRONG INOXGFL GROUP The INOXGFL Group with a legacy of more than 90 years is one of the largest business Groups in India. The Group is a forerunner in diversified business segments comprising specialty chemicals, fluoropolymers, gases, wind turbines and renewables. The Group currently w
Slide 7: 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 8: An Asset Light Annuity Business Model
IGESL – AN ASSET LIGHT ANNUITY BUSINESS MODEL Presence across all 8 windy states of India with a portfolio of 3,144W of O&M assets Provides comprehensive O&M Solutions for WTG and common infrastructure O&M through long-term contracts of 5-20 years Rajasthan: Residual contract life of >6 years
Slide 9: A Part of the Renewables Vertical of INOXGFL Group
IGESL – A PART OF THE RENEWABLES VERTICAL OF INOXGFL GROUP Structure of InoxGFL group’s renewables vertical Promoter Entities + IWEL 72.01% Inox Wind Limited (IWL) 100% 61.04%* Resco Global Wind Inox Green Energy Services Pvt Ltd (RGSPL) Services Limited (IGESL) Manufacturing Infrastructure (EPC) O&
Slide 10: Macro Environment Turning Favorable for the Wind Sector
MACRO ENVIRONMENT TURNING FAVORABLE FOR THE WIND SECTOR 9 9
Slide 11: Favorable Macro Environment Expected to Boost Wind Sector Investments
FAVORABLE MACRO ENVIRONMENT EXPECTED TO SIGNIFICANTLY BOOST WIND SECTOR INVESTMENTS Higher bidding targets: GoI’s 50GW annual RE bids issue for FY24-28 period includes at least 10GW of wind as part of the target to reach 500GW of non-fossil fuel capacity by 2030 Bidding trajectory for FY24 issued by
Slide 12: Opportunities for the Indian Wind Sector Are Immense
OPPORTUNITIES FOR THE INDIAN WIND SECTOR ARE IMMENSE RENEWABLE ENERGY IMPLEMENTATION AGENCY-WISE BIDDING CALENDAR FOR FY24 RENEWABLE PURCHASE OBLIGATION TRAJECTORY NOTIFIED BY THE MoP OTHER LARGE-SCALE OPPORTUNITIES Year Wind RPO HPO Other RPO Total RPO Storage (on State auctions for wind, hybrid an
Slide 13: Wind O&M Business – Stability with Growth
IGESL – WIND O&M BUSINESS – STABILITY WITH GROWTH 12 12
Slide 14: Portfolio of 3,144MW of O&M Assets
IGESL – PORTFOLIO OF 3,144MW of O&M ASSETS O&M Portfolio Growth Journey 3,144MW 2,750MW 2,362MW 1,082MW 91MW 2019 2022 Q1 FY24 2013 2016 Key Metrics 1 2 3 4 5 6 3,144 MW >6 years 5-20 years 1,327 MW INR 64 crs INR 30 crs Portfolio as on Residual Duration of Tenor of O&M Net Order Book of Q1 FY24 Rev
Slide 15: Offering a Host of Solutions to Customers
IGESL – OFFERING A HOST OF SOLUTIONS TO CUSTOMERS Annual Annual Operations Maintenance & Maintenance Contract (AMC) Contract (AOMC) Contracts include both comprehensive O&M contracts and common infrastructure O&M Semi- contracts Comprehensive Comprehensive Operations & Operations & Maintenance Maint
Slide 16: Digital Transformation Initiatives
IGESL – DIGITAL TRANSFORMATION INITIATIVES SCADA 24x7 centralized analysis monitoring of assets Performance analysis & improvement Development of Upgradation to mobile-based SAP HANA in O&M progress management tool 15
Slide 17: An Asset Light Annuity Business Model
IGESL – AN ASSET LIGHT ANNUITY BUSINESS MODEL The Company is focusing on developing its O&M business which are long term contracts with steady cashflows and reducing & monetizing existing investments in the wind power assets OPERATIONS AND MAINTENANCE (O&M) INFRASTRUCTURE (EPC) Long-term O&M service
Slide 18: 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. 3,196 3,144* Leveraging bo
Slide 19: Growth Strategy Going Forward
IGESL – GROWTH STRATEGY GOING FORWARD A. Organic Growth: The execution of orders by Inox Wind shall lead to a firm addition to the existing O&M fleet of ~ 3GW. Pricing Reset: Pricing of O & M contracts be it shared services or comprehensive are reset at the time of renewal of O & M contracts t
Slide 20: 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 21: Key Financials - Consolidated Income Statement
KEY FINANCIALS - AUDITED CONSOLIDED INCOME STATEMENT Particulars (Rs in Lakhs) Q1 FY24 Q4 FY23 Q1 FY23 FY23 (Unaudited) (Unaudited) (Unaudited) Audited Income Revenue from operation (net of taxes) 6,388 5,882 6,179 25,423 Other Income 175 1,451 137 3,994 Total Income from operations (net) 6,563 7,33
Slide 22: Thank You
THANK YOU Anshuman Ashit Manish Garg Contact No: +91 84518 30601 Contact No: +91 98104 36606 Email : anshuman.ashit@inoxwind.com Email : Investors.iwl@inoxwind.com This presentation and the related discussions may contain “forward looking statements” by Inox Green Energy Services Limited (“IGESL” or
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