Indian Renewable Energy Development Agency Ltd. · NSE:IREDA
Indian Renewable Energy Development Agency — Q4 FY2024 Earnings Presentation
26 slides from Indian Renewable Energy Development Agency's earnings presentation, Apr 19, 2024
Slide 1: Investor Presentation for Q4 and 12M FY24
ENERGY FOR EVER ONCE IREDA ALWAYS IREDA Investor Presentation for Q4 and 12M FY24
Slide 2: Table of contents
ENERGY FOR EVER ONCE IREDA ALWAYS IREDA IREDA at a glance 02 RE Financing Environment Table of 03 Financial Highlights contents 04 Operational Performance 05 Asset Quality 06 Shareholder Outlook
Slide 3: IREDA at a glance
IREDA at a glance
Slide 4: Introducing IREDA
ENERGY FOR EVER Introducing IREDA ONCE IREDA ALWAYS IREDA India’s largest Strategic role in GoI’s Committed to implementing pure-play green initiatives for promotion & Performance high standards of financing NBFC development of RE sector Track Record Corporate Governance Over 37 years of 75% own
Slide 5: IREDA's journey and key milestones
ENERGY FOR EVER IREDA’s journey and key milestones ONCE IREDA ALWAYS IREDA 1987 1997 2010 Incorporated as a public Signed loan agreement with Asian Upgraded from ‘Schedule C’ to limited company Development Bank for line of credit ‘Schedule B’ Central Public of $100 Million Sector Enterprise 2019 201
Slide 6: Presence across renewable energy sectors with comprehensive suite of financial products & services
ENERGY FOR EVER IREDA has presence across renewable energy sectors with comprehensive suite of financial products & services ONCE IREDA ALWAYS IREDA Traditional RE technologies Products offered from conceptualization to commissioning Solar Wind Project Term Loans Energy Efficiency & Hydro Refinancin
Slide 7: Global & India RE financing landscape
Global & India RE financing landscape
Slide 8: Global RE financing environment | Trends & Growth Drivers
Global RE financing environment | Trends & Growth Drivers Global RE installed capacity in GW1 Robust global environment for RE Global RE capacity growth, enabled by ambitious pledges addition of >500 GW & record high-capacity addition in 2023 expected 4500 4140 11000 …Global commitment for RE capaci
Slide 9: India RE financing environment | Trends & Growth Drivers
India RE financing environment | Trends & Growth Drivers Outlook for India’s RE sector is positive, India RE installed capacity in GW1 with major policy announcements & ambitious targets 200 RE Capacity in GW 191 181 180 168 500 … target of non-fossil fuel-based 151 energy by 2030 RE Capacity in GW
Slide 10: Financial Highlights
Financial Highlights
Slide 11: Summary Highlights for Q4 | 12M FY24
ENERGY FOR EVER Summary Highlights for Q4 | 12M FY24 ONCE IREDA ALWAYS IREDA Rs in crores Q4 FY24 Q4 FY23 FY24 FY23 For Q4/Q4 Year Ended (3 Month) (3 Month) (12 Month) (12 Month) Revenue from operations 1391 1036 4964 3482 34% 43% Interest Expense 847 638 3164 2088 33% 52% Operating Profit 489 294 1
Slide 12: Key Financial Ratios
ENERGY FOR EVER ONCE IREDA ALWAYS IREDA Key Financial Ratios: As at 31.03.2024 As at 31.03.2023 Yield on Loan Assets (%) (gross) 9.97% 9.68% Interest Spread (%) 2.16% 1.84% Net Interest Margin(%) 2.85% 2.82% Debt Equity Ratio 5.80 6.77 CRAR (%) 20.11% 18.82% Earning Per Share (Rs) 5.16 3.78 Provisio
Slide 13: Financial Information
ENERGY FOR EVER Financial Information | ONCE IREDA ALWAYS IREDA Rs in crores Q4 FY24 Q4 FY23 FY24 FY23 Particulars (Growth %) (Growth %) (3 Month) (3 Month) (12 Month) (12 Month) Revenue from operations 1391 1036 34% 4,964 3,482 43% Other Income 0.39 0.28 38% 1.36 1.07 27% Total Income 1392 1036 34%
Slide 14: Income Statement
ENERGY FOR EVER Income Statement ONCE IREDA ALWAYS IREDA Rs in crores Q4 FY24 Q4 FY23 FY24 FY23 Revenue from operations (Growth %) (Growth %) (3 Month) (3 Month) (12 Month) (12 Month) Interest Income 1329 994 34% 4822 3374 43% Fees and Commission Income 19 12 60% 60 37 61% Net gain/(loss) on fair va
Slide 15: Balance Sheet
Balance Sheet ENERGY FOR EVER Rs in crores ONCE IREDA ALWAYS IREDA Balance Sheet - Liabilities As on 31.03.24 As on 31.03.23 EQUITY (a) Equity Share Capital 2,688 2,285 (b) Other Equity 5,872 3,651 Financial Liabilities (a) Derivative financial instruments 208 151 (b) Trade Payables 7 5 (c) Borrowin
Slide 16: Operational performance
ENERGY FOR EVER ONCE IREDA ALWAYS IREDA Operational performance
Slide 17: Lending profile | Composition of outstanding loans
ENERGY FOR EVER Lending profile | Composition of outstanding loans ONCE IREDA ALWAYS IREDA Rs in crores Public Private split of outstanding loans as on 31st March 24 Sector As on 31st March 2024 As on 31st March 2023 Private 75% Public 14940 25% 12,640 27% Private 44758 75% 34,436 73% Public Total 5
Slide 18: Lending profile | Well diversified assets with PAN India presence
ENERGY FOR EVER Lending profile | Well diversified assets with a PAN India Presence ONCE IREDA ALWAYS IREDA with lending across 23 states and 4 UTs Himachal Pradesh Uttarakhand 2334 3.92% 1694 2.84% Punjab Uttar Pradesh 465 0.78% 917 1.54% Rajasthan Sikkim 8388 14.07% 913 1.53% States with more than
Slide 19: Borrowing profile | Stable credit ratings
ENERGY FOR EVER Borrowing profile | Stable credit ratings have enabled access to ONCE IREDA ALWAYS IREDA cost-effective long-term sources of borrowing Domestic Credit Ratings for Long Term Borrowings “AAA” “AAA” “AA+” “AAA” Stable Stable Positive Stable
Slide 20: Borrowing profile
Borrowing profile | ENERGY FOR EVER Rs in crores ONCE IREDA ALWAYS IREDA Rs.49,687 cr. Outstanding Borrowings Rs.16,401 cr. Borrowings as on 31st March 2024 Raised during FY 2023-24 Domestic Borrowings Q4 FY24 Q4 FY23 Change FY24 FY23 Change Category (3 Month) (3 Month) (12 Month) (12 Month) (%) (%)
Slide 21: Asset Quality
Asset Quality
Slide 22: Improved asset quality with steady decline in NPA
ENERGY FOR EVER ONCE IREDA ALWAYS IREDA Improved asset quality with steady decline in NPA Gross NPA ( Rs in Crores) Net NPA ( Rs in Crores) 3000 15.00% 1800 15.00% 1637 2442 13.00% 1600 1510 13.00% 2500 2373 1400 11.00% 11.00% 2000 1200 10.08% 1768 9.00% 1035 9.00% 8.77% 1513 1000 1500 1411 7.00% 7.
Slide 23: Shareholders' outlook
Shareholders’ outlook ———
Slide 24: Shareholding pattern as on March 31, 2024
ENERGY FOR EVER ONCE IREDA ALWAYS IREDA Shareholding pattern as on March 31, 2024 SHAREHOLDER'S NAME % of holding CATEGORY OF SHAREHOLDER President Of India (GoI) 75.00% FIIs & FPIs, Resident Individual 21.33% 1.36% Mutual iShares Core MSCI Emerging Markets ETF (IEMG) 0.18% Funds, 0.53% Insurance 0.
Slide 25: Investor Resources
ENERGY FOR EVER Investor Resources ONCE IREDA ALWAYS IREDA Annual Report https://www.ireda.in/annual-reports Financial results https://www.ireda.in/financial-results Join us: @ireda.in Investor https://www.ireda.in/investor-grievance-officer Grievance www.ireda.in Contact us https://www.ireda.in/con
Slide 26: Thank you
ENERGY FOR EVER ONCE IREDA ALWAYS IREDA Thank you
Indian Renewable Energy Development Agency — Q4 FY2024 Earnings Presentation on 6ix