Inox Wind Ltd. · NSE:INOXWIND
Inox Wind — Q3 FY25 Earnings Presentation
24 slides from Inox Wind's earnings presentation, Jan 31, 2025
Slide 1: Exchange filing cover letter: Earnings Presentation
INOX Wind Limited Greening l N D l A Corporate Office: INOXGFL Towers, Plot No.17, Tel: +91-120-6149600 1 contactQinoxwind.com CIN : L31901HP2009PLC031083 Sector-I 6A, Noida-201301, Uttar Pradesh, India. Fax: +91-120-6149610 1 www.inoxwind.com 3iStJanuary, 2025 The Secretary The Secretary BSE Limite
Slide 2: Inox Wind Limited Q3 FY25 Results Presentation
INOX WIND LIMITED Q3 FY25 RESULTS PRESENTATION JANUARY 2025 1
Slide 3: Contents
CONTENTS 1. KEY HIGHLIGHTS FOR THE QUARTER 2. GROUP OVERVIEW 3. INOX WIND – COMPANY OVERVIEW 4. INOX RENEWABLE SOLUTIONS – A FULL SERVICES RENEWABLE EPC PLAYER 5. INOX GREEN ENERGY SERVICES – WIND O&M BUSINESS – STABILITY WITH GROWTH 6. FINANCIALS & SHAREHOLDING 2
Slide 4: Key Financial Highlights for the Quarter
KEY FINANCIAL HIGHLIGHTS FOR THE QUARTER Total Income (Rs cr) EBITDA (Rs cr) Cash PAT (Rs cr) 994 # 239 290 507 192% 613% 96% 99 33 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 PAT / loss after tax Orderbook (MW) Execution (MW) (Rs cr) 189 3286 112 2575 104 28% 82% 2 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY
Slide 5: Key Highlights of the Quarter
KEY HIGHLIGHTS OF THE QUARTER ✓Profitability soars with best ever Q3 performance ✓Revenue up 96% YoY; EBITDA up 192% YoY; highest Q3 PAT ever at Rs 112 cr ✓189 MW execution in Q3 FY25, up 82% YoY; 469 MW execution in 9M FY25, up 90% YoY ✓Orderbook at ~ 3.3 GW; FY25 order inflows stand at ~1.4 GW wit
Slide 6: Group Overview
A Greening INDIA ~ ad
Slide 7: INOXGFL Group – A US$ 12 bn Indian Conglomerate
INOXGFL GROUP – A US$ 12 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 cur
Slide 8: Inox Wind – Company Overview
INOX WIND – COMPANY OVERVIEW 7
Slide 9: Well Positioned to Capitalize on the Burgeoning Wind Sector
WELL POSITIONED TO CAPITALIZE ON THE BURGEONING WIND SECTOR Fully integrated wind energy player providing end-to-end solutions – from conception to execution to commissioning to O&M Healthy Balance Strong operational track record of >13 years and manufacturing capacity of >2.5GW across 4 facilities
Slide 10: Wind – A Multi-Decadal Growth Story
WIND – A MULTI-DECADAL GROWTH STORY ~ 80 GW of wind capacity to be added in the next 8 years as per the National Electricity Plan – provides visibility of > Rs 6 trn for wind OEMs and a large multi-year opportunity for O&M service providers; 250 GW of RE projects to be awarded over FY24-28 India’s p
Slide 11: Favorable Macro Environment for the Indian Wind Sector
FAVORABLE MACRO ENVIRONMENT FOR THE INDIAN WIND SECTOR 12 GW capacity has been awarded in FY25 for wind / hybrid / India to add > 350 GW of additional RE capacity by 2032 FDRE projects Wind 1.8 GW Wind related Capacity 15.5 GW Awarded in FY25 Hybrid / RTC / 13.6 GW FDRE 2,277 MW Wind Capacity was ad
Slide 12: Journey Towards 2 GW Annual Execution and Beyond
JOURNEY TOWARDS 2 GW ANNUAL EXECUTION AND BEYOND FY23 FY24 FY25 FY26 Execution: 104 MW Execution: 376 MW Execution target: Execution target: ~ 800 MW > 1,200 MW • Commencement of • Raised equity capital • Current orderbook turnaround journey • Execution target from marquee investors stands at ~ 3.3
Slide 13: What Sets Us Apart – 5 Pillars of Strength
WHAT SETS US APART – 5 PILLARS OF STRENGTH Manufacturing & Strong Group Robust Exceptional Turnkey Diversified Technological Pedigree Creditworthiness Capabilities Orderbook Prowess • One of the strongest • One of India’s largest • Robust orderbook • Manufacturing • Strong backing of wind turnkey so
Slide 14: Robust Order Book of ~3.3 GW
ROBUST ORDER BOOK OF ~ 3.3 GW ORDER BOOK MOVEMENT (MW) ORDER BOOK BREAK UP* 4, , ,5 ,2 Equipment 4 supply*, , 1,202 MW 2,5 2,44 2, ,5 End-to-end , Turnkey, 2,088 MW 5 FY25 opening et addi ons Supplies Current Order book currently stands at ~ 3.3 GW providing a large revenue visibility in the next 2-
Slide 15: Value Unlocking / Addition Across Verticals
VALUE UNLOCKING / ADDITION ACROSS VERTICALS EPC – INOX RENEWABLE SOLUTIONS O&M – INOX GREEN INOX CLEAN – RE POWER GENERATION & SOLAR MANUFACTURING Current revenue streams INOX NEO ENERGIES Wind Project Power Common Infrastructure Demerger Targeting installed Renewables EPC evacuation capacity of 3 G
Slide 16: Inox Renewable Solutions – A Full Service Renewable EPC Player
INOX RENEWABLE SOLUTIONS – A FULL SERVICE RENEWABLE EPC PLAYER 15
Slide 17: A Full Service Renewable EPC Player
A FULL SERVICE RENEWABLE EPC PLAYER Inox Renewable Solutions (formerly Resco Global) is a top renewable EPC service provider with a pan-India presence and a very strong presence in Western India Offers EPC services across all 8 windy states Strong operational track record of >14 years across major s
Slide 18: IGESL – Wind O&M Business – Stability with Growth
IGESL – WIND O&M BUSINESS – STABILITY WITH GROWTH 17
Slide 19: 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 ✓ Entering into solar and hybrid project O&M ✓ Presence across India with an established track record of > 10 years and portfolio of ~3.5 GW of O&M
Slide 20: Inox Green Energy Services – Growth Strategy
INOX GREEN ENERGY SERVICES – GROWTH STRATEGY IGESL targets to almost double its portfolio to ~ 6 GW by FY26 and ~ 10 GW in the next 3-4 years from ~3.5 GW currently through a mix of organic and inorganic growth Inorganic growth opportunities Portfolio acquisitions: O&M business of inactive/stressed
Slide 21: IWL – Financials & Shareholding
IWL – FINANCIALS & SHAREHOLDING 20
Slide 22: Key Financials – Consolidated Income Statement
KEY FINANCIALS – CONSOLIDATED INCOME STATEMENT Figures in Rs crores Particulars Q3 FY25 Q2 FY25 Q3 FY24 a) Revenue from operation (net of taxes) 911 732 503 b) Other Income 82 10 3 Total Income from operations (net) 994 742 507 Expenses a) Cost of materials consumed 556 399 284 b) Changes in invento
Slide 23: Shareholding Pattern – Inox Wind
SHAREHOLDING PATTERN – INOX WIND List of top Institutional Shareholders Retail Investors, Others, 2% Name 16% Capital Research Global Investors Motilal Oswal AMC ICICI Prudential Mutual Fund Domestic Promoters, 48% Institutional Nippon Life India Mutual Fund Investors, 18% Vanguard Matthews Blackroc
Slide 24: Thank You
THANK YOU Investor Relations Contact No: +91 120 614 9600 Email : Investors.iwl@inoxwind.com Download Twitter's new X logo here! | Disobey Follow us on Social Media: This presentation and the related discussions may contain “forward looking statements” by Inox Wind Limited “IWL” or “the Company” tha