Waaree Energies Limited · NSE:WAAREEENER
Waaree Energies — Q3 FY25 Earnings Presentation
27 slides from Waaree Energies's earnings presentation, Jan 30, 2025
Slide 1: Exchange filing cover letter
January 30, 2025 To To The Manager, The Manager, Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1 Block G, Dalal Street, Bandra - Kurla Complex, Bandra (East) Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 544277
Slide 2: Waaree Energies Limited Q3 FY25 Investor Presentation
ACCELERATING GLOBAL ENERGY TRANSITION WAAREE ENERGIES LIMITED 0 Q3 FY25 Investor Presentation
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Waaree Energies Limited (WEL) (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any
Slide 4: Agenda
About Waaree Industry Highlights Agenda Business Updates Financial Performance Appendix 2
Slide 5: About Waaree
One with the Sun
Slide 6: 30 MW to 15 GW in ~18 Years
30 MW to 15 GW in ~18 Years | High Growth by creating consistent value for shareholders Aggregate Installed 2007: 30MW Historical Growth 2023: 12GW Present: ~15GW 2 Capacity (Module) 2024 - 2027 • 6GW integrated expansion expected to commence commercial operations in 2021 – 2023 FY27 • Listed on BSE
Slide 7: India's largest solar PV module manufacturer
India's largest solar PV module manufacturer ~15 GW 5.4 GW 26.5 GW | ~₹ 50K Cr Manufacturing capacity of Manufacturing capacity of Order book3 solar modules1 solar cell2 2 NABL accredited labs BNEF Tier 1 PV magazine award Consistently ranked as Publisher's pick winner for Performs a wide range of T
Slide 8: Enabling energy transition with full stack of products and services
Enabling energy transition with full stack of products and services Solar PV module Green Hydrogen TopCon Bifacial BIPV Flexible Electrolyser Green Hydrogen products Solar related products Battery Inverters Solar kit Cell Battery Container EPC and O&M Renewable power Ground Rooftop Floating Renewabl
Slide 9: Drive growth in broader energy transition value chain
Drive growth in broader energy transition value chain Waaree Energies Limited (Solar Module & Cell) 100% 96.15% 100% 100% 100% 100% 100% 74.46% Waaree Waaree Energies Waaree Clean Sangam Solar One Waaree Solar Waaree Energies Waaree Energies Waaree Forever Renewable Indosolar Limited Storage Solutio
Slide 10: Advanced manufacturing facilities, global certifications and prestigious awards
Advanced manufacturing facilities, global certifications and prestigious awards Certifications 3rd party audits Awards/Accreditations Publisher's pick, PV REI company of the Largest Solar PV magazine award 2024 year, REI expo 2024 Module Manufacturer, MNRE 2024 ALMM listing 3rd party insurance ZEE R
Slide 11: Industry Highlights
One with the Sun Industry Highlights WAAREE
Slide 12: Energy Transition opportunity led by solar is immense
Energy Transition opportunity led by solar is immense | Industry to double by end of this decade Global RE capacity (TW) 16% 12% 9.8 5.8 76% Global RE 10% 4.2 4.9 Of global RE capacity 2.4 additions in 2023 were solar capacity to 0.4 1.6 2.1 3.9 grow to 9.8 2.0 2.6 2.8 TW by 2030 2017 2023 Non-solar
Slide 13: Backed by strong growth in global battery capacity
Backed by strong growth in global battery capacity Global battery energy capacity (GWh) 4064.0 Global battery energy 1296.0 21% 4 TWh 53% Projected global battery capacity to 99.6 capacity in 2030 grow to 4 TWh by 2030 2018 2024 2030 India battery energy capacity (GWh) 177.0 30% 177 GWh India batter
Slide 14: Supported by Indian government push with policies and incentives
Supported by Indian government push with policies and incentives …with key developments in the last few Favorable policy framework… months Supply-side measures Solar ❑ Approved List of Models and Manufacturers (ALMM) ❑ ALMM solar cell: MNRE mandates solar cells in projects must be from the approved
Slide 15: Business Updates
One with the Sun Business Updates WAAREE
Slide 16: Strengthening presence in solar and diversifying beyond the solar value chain
Strengthening presence in solar and diversifying beyond the solar value chain Key Performance Metrics Q3 FY25 (₹ Mn) Record Performance Delivered • ₹ 20,636 Mn EBITDA for 9M FY25 with a margin of 19.3% • ₹ 12,837 Mn PAT for 9M FY25 with a growth of 61% 35,453 115% YoY Total Revenue Steady and Growin
Slide 17: Strong order book with deep market presence
Strong order book with deep market presence Strong order book Revenue mix Robust domestic network Order book1: 26.5 GW ~₹ 50K Cr Solar module revenue 9M FY25 revenue 54.0% 46.0% India 79% Overseas 21% India Overseas 28 387 States Franchisees 15 1. As on date, for WEL solar manufacturing + WRTL; Indi
Slide 18: Continuous capacity expansion to meet future solar demand
Continuous capacity expansion to meet future solar demand Strong growth in production… …backed by capacity expansion Module Cell Ingot-wafer Module production (GW) 48% 5.07 13.3 GW Present capacity India 5.4 GW 1 3.42 India 1.6 GW 2 USA capacity Future 6 GW 6 GW 6 GW PLI awarded PLI awarded PLI awar
Slide 19: Strategic investments powering a diversified green energy portfolio
Strategic investments powering a diversified green energy portfolio Renewable power Battery energy Green Hydrogen infrastructure storage system electrolyser mfg. Inverters Renewable Renewable Lithium-ion storage cell, and Awarded PLI for a 300MW Investment in renewable power power power energy stora
Slide 20: Enel Green Power India acquisition
Enel Green Power India, a subsidiary of Enel Green Power, focuses on developing and operating renewable energy projects in India, including wind and solar Key highlights • Industry: Power generation using renewable sources of energy • Operating capacity: 640 MWAC (solar and wind energy plants1) • Pi
Slide 21: Financial performance
One with the Sun Financial performance WAAREE
Slide 22: Robust Financial Performance
Robust Financial Performance (Consolidated) (Consolidated) (₹ in Mn) Q3 FY25 9M FY25 Revenue EBITDA Revenue EBITDA 22.84% 15.30% 19.28% 13.73% 114.63% 256.97% +24.11% 56.38% 35,453 8,097 1,07,051 20,636 86,253 13,196 16,518 2,268 Q3FY24 Q3FY25 Q3FY24 Q3FY25 9MFY24 9MFY25 9MFY24 9MFY25 PAT PAT 8.52%
Slide 23: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement (₹ Mn) Q3 FY25 Q3 FY24 Y-O-Y Q2 FY25 Q-O-Q 9M FY25 9M FY24 Y-O-Y Revenue from Operations 34,572.88 15,961.83 35,743.77 104,405.66 84,617.72 Other Income 879.77 555.91 890.86 2,645.75 1,635.47 Total Income 35,452.65 16,517.74 114.63% 36,634.63 (3.23%) 107,051.41 8
Slide 24: Appendix
Appendix 22
Slide 25: Accomplished Board of Directors
Accomplished Board of Directors Dr. Hitesh Chimanlal Doshi Viren Chimanlal Doshi Hitesh Pranjivan Mehta Dr. Amit Paithankar Chairman & MD Whole Time Director Whole Time Director Whole Time Director and CEO of Waaree • Founded the Group in 1990 and has • Associated with the Company since • Associated
Slide 26: Experienced senior management team
Experienced senior management team Dr. Amit Paithankar Sunil Rathi Jignesh Rathod Aditya Agarwal Anuj Sharma Whole Time Director and CEO Director Sales Director Operations CEO, Battery CEO, Hydrogen of Waaree Energies Limited • 27+ years of expertise with • Responsible for overseeing • Responsible f
Slide 27: Thank You
THANK YOU Waaree Energies Limited CIN: U29248MH1990PLC059463 Name –Mr. Rohit Wade Mr. Suraj Shah Ms. Pooja Swami Title – General Manager-Investor Relations +91 9545776665 Suraj.shah@linkintime.co.in +91 9860202359 Pooja.swami@linkintime.co.in Email – rohitwade@waaree.com Suraj.shah@linkintime.co.in