Sterling And Wilson Renewable Energy Limited · NSE:SWSOLAR
Sterling And Wilson Renewable Energy — Q4 FY22 Earnings Presentation
17 slides from Sterling And Wilson Renewable Energy's earnings presentation, Apr 9, 2022
Slide 1: Cover letter to BSE and NSE on investor presentation
April 09, 2022 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street Bandra Kurla Complex Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scrip Code: 542760 Symbol: SWSOLAR Dear Sir/ Ma’am, Sub.: Investor presentation on the Audited Consolidated
Slide 2: Investor Presentation Q4 and FY22
STERLING AND WILSON SOLAR LIMITED STERLING AND WILSON RENEWABLE ENERGY LIMITED (Formerly Sterling and Wilson Solar Limited) Analyst Presentation InvestorQ4 and FY22 Presentation Noor Abu Dhabi - World’s Largest Single Location Solar Project November 2019
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Sterling and Wilson Renewable Energy Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or su
Slide 4: RNEL completes acquisition of 40% stake in SWREL
RNEL completes acquisition of 40% stake in SWREL ✓ Reliance New Energy Limited (RNEL), a wholly-owned subsidiary of Reliance Industries Ltd (Reliance) has completed acquisition of 40% stake in SWREL via combination of Primary Investment, Secondary Purchase and Open Offer through a series of transact
Slide 5: Solar Industry – Significant factors driving growth
Solar Industry – Significant factors driving growth Tax incentives and favorable government policies globally for renewable sector will drive the sector growth. More concrete policy frameworks are opening the door for mega projects, hydrogen and storage investments Solar PV COP26 – Commitment to pha
Slide 6: SWREL is well positioned to address global market opportunity through its well crafted Strategy
SWREL is well positioned to address global market opportunity through its well crafted Strategy Strengthen brand and reputation Offering Value add to Customers through 07 01 early engagement Diversify into project Digitalization and development in large markets Automation in Execution 06 02 like US,
Slide 7: Our Global presence (11.1 GW EPC Portfolio)
Our Global presence (11.1 GW EPC Portfolio) Projects and Offices Offices 5 Maps not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness
Slide 8: Key Highlights for FY22
Key Highlights for FY22 ✓ Revenue for FY22 increased by 2.3% to Rs 5,199 crore ✓ Gross margins for FY22 continue to remain impacted significantly primarily on account of increase in modules prices, liquidated damages and increase in overhead and subcontracting costs due to extension in project timel
Slide 9: Unexecuted Order Value (UOV) Movement
Unexecuted Order Value (UOV) Movement INR Crore Gross UOV as on 31st Mar 2022 -2,030 # [EPC Revenue] * LATAM +719 -4,975 2.7% India 9,127 +325 +87 15.6% MENA 7,097 28.5% INR 3,253 crore 3,253 Australia USA 38.1% UOV as on 31 Adjustments Restated UOV Price variations Forex Orders inflow in Projects U
Slide 10: Key factors impacting order finalisation and execution timelines
Key factors impacting order finalisation and execution timelines ✓ Pandemic leading to postponement of planned ✓ Significant price volatility cross auction and extended financial Delayed Decision components and commodities Price Volatility closure and PPA deadlines Making impacting order finalizatio
Slide 11: Key input prices continue to remain at elevated levels
Key input prices continue to remain at elevated levels Module price trends (price in USD Freight rates Ex China (per 40 feet per Wp) container) 0.278 LATAM Australia 0.258 0.270 18,400 Key Highlights 15,000 0.248 13,500 14,000 0.221 There has been an unprecedented increase 9,300 in costs of module
Slide 12: Consolidated Profit & Loss – FY22
Consolidated Profit & Loss – FY22 INR Crore Q4FY22 Q4FY21 FY2022 FY2021 Key Highlights Revenue from Operations 1,071 1,365 5,199 5,081 Revenue increased by 2.3% in FY22 to Rs 5,199 crore Gross Margin (post project MTM) (59) (273) (503) 328 Gross Margin % (5.5%) (20.0%) (9.7%) 6.5% O&M constitute
Slide 13: Consolidated Balance Sheet
Consolidated Balance Sheet INR Crore Mar-22 Mar-21 Key Highlights Sources of Funds Increase in shareholders’ fund is mainly on account of the preferential issue to Shareholders Funds 905 658 RNEL amounting to Rs 1,100 crore. The same is partially offset against loss of Borrowings from Banks 435 46
Slide 14: Analysis of receivables > 1 year as at Mar 2022
Analysis of receivables > 1 year as at Mar 2022 Mix of receivables > 1 year as at Sep 2021 – Rs 251 crore Comments Key receivables outstanding for more than 1 year of Rs 251 crore as at Mar 2022 comprise Others 19% ▪ Net Receivables is Rs 61 crore (after ECL provision of Rs 31 crore) - The appeal
Slide 15: Consolidated Cashflow
Consolidated Cashflow INR Crore FY22 FY21 Key Highlights (Loss) /Profit before tax (910) (340) Cash flow from Operations Adjustments for noncash / other items 61 96 Increase in working capital on account of BG encashment of Rs 412 crore, Operating profit before working capital changes (849) (244)
Slide 16: Way Forward - Regain the position of World's largest Solar EPC player
Way Forward - Regain the position of World’s largest Solar EPC player Industry Target large Expand Grow Outlook EPC markets new businesses O&M Portfolio ✓ Unprecedented commodity super ✓ Reliance group’s investment in ✓ Round-The-Clock Renewable ✓ O&M market size to grow as cycle over last 2 years c
Slide 17: THANK YOU
THANK YOU For further information, please contact: Company : Investor Relations Advisors : Sterling and Wilson Renewable Energy Limited Strategic Growth Advisors Private Limited CIN: L74999MH2017PLC292281 CIN: U74140MH2010PTC204285 Mr Vishal Jain Mr Jigar Kavaiya / Mr. Parin Narichania Head – Invest
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