Suzlon Energy Ltd · NSE:SUZLON
Suzlon Energy — Q1 FY25 Earnings Presentation
26 slides from Suzlon Energy's earnings presentation, Jul 22, 2024
Slide 1: Suzlon Energy Limited Investor Presentation Q1 FY25
Suzlon Energy Limited Investor Presentation Q1, FY25 22nd July 2024 Suvarda Wind Farm, Gujarat, India 1
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Suzlon Energy Limited (the “Company”), have been prepared solely for information purposes and DOES not constitute any offer, recommendation or invitation to purchase or subscribe for any securi
Slide 3: Industry Outlook, Suzlon Strengths, Financial Performance
INDUSTRY OUTLOOK SUZLON STRENGTHS FINANCIAL PERFORMANCE Suvarda Wind Farm, Gujarat, India 3
Slide 4: Renewable Energy growth to be driven by Wind & Solar
Renewable Energy growth to be driven by Wind & Solar Installed power generation capacity mix (GW) 500 GW of non-fossil fuel energy capacity by 2030 Hydro Solar, Fossil 78 (10%) 293 (38%) Fuel 1 bn Fossil Fuel 277 50% tonnes Hydro 243 (54%) (35%) renewables reduction 52 (12%) in the in carbon energy
Slide 5: Favorable market conditions for Indian wind industry
Favorable market conditions for Indian wind industry Strong domestic demand outlook Key demand drivers 1. Onshore wind potential: 695 GW (120m HH) and 1,164 GW (150m HH) 4th 122 GW 2. Wind bids with state specific sub-bids and pooling* of tariff Largest wind market Wind energy in India in the world
Slide 6: Industry Outlook, Suzlon Strengths, Financial Performance
INDUSTRY OUTLOOK SUZLON STRENGTHS FINANCIAL PERFORMANCE Suvarda Wind Farm, Gujarat, India 6
Slide 7: Suzlon's strengths
Suzlon’s strengths 20.8 GW* 32% Global installed Wind Cumulative market energy capacity share in India 6,400+ Own WTG Technology & in-house R&D, well established Global workforce product portfolio *Includes installed capacity of 14.8 GW in India As on 30th Jun 2024 7
Slide 8: Suzlon's strengths
Suzlon’s strengths No.1 OEM in India’s Renewable Sector End-to-end Pan India Technology service provider presence leadership Best-in-class Strong customer 29 Years service capabilities relationship track record Strong presence across value chain & customer segments As on 30th Jun 2024 8
Slide 9: Key clientele among marquee customers globally
Key clientele among marquee customers globally And many more customers….. 9
Slide 10: Geographically diversified manufacturing base
Geographically diversified manufacturing base Best-in-class manufacturing capability Vertically integrated low-cost supply chain Manufacturing locations across India* India manufacturing Sufficient & flexible manufacturing capacity ~3,1501 MW capacity to cater to the market India’s windy states Othe
Slide 11: S144: Production in full swing
S144: Production in full swing Major Updates: • Product specifically designed for Indian market to capitalize on low wind conditions • More than 3.4 GW of firm orders making it the turbine of choice for Indian customers • Production in full swing to cater to healthy order book • Constituted large pa
Slide 12: Overview of India OMS capabilities
Overview of India OMS capabilities Key Numbers Presence in all windy states in India Installed base as on 14.8 GW+ 9,800+ USD 10 Bn 30th Jun 2024 of 14.8 GW+ Installed base Turbines Assets under management 2.3 GW Rajasthan 0.5 GW Madhya Pradesh 1,900+ 94 3,700+ Customers Sites Team 4.1 GW Gujarat 32
Slide 13: Wind Order Book
Wind Order Book WTG model mix Project segment mix Wind Order Book (in MW) Captive / 5.9x S144 C&I/Retail 88% 66% 3,817 34% Central & S120 State Bids 12% 2,929 2,290 Scope mix State mix 1,613 1,433 TN GJ 8% 16% MH 652 Non 11% KA EPC 20% 67% EPC* RJ 23% 33% MP AP 17% 5% Mar'23 Jun'23 Sep'23 Dec'23 Mar
Slide 14: Management Profile
Management Profile Vinod Tanti Girish Tanti JP Chalasani Himanshu Mody Rajendra Mehta Bernhard Telgmann Sandeep Chowdhury Chairman & Vice Chairman Group CEO Group CFO Group CHRO Group CTO Group General Counsel Managing Director Tulsi Tanti Founder, Late Chairman and Managing Director Vivek Srivastav
Slide 15: Awards and Recognition
Awards and Recognition GWEC GWEC Board Great Place to The Times Group IRIM Gold Award Felicitated our Suzlon Group's Girish Work, Institute Sustainable Gold award presented Founder and late Tanti elected as the Suzlon Energy Ltd Manufacturer of The to Rotor Blade CMD, Shri Tulsi Tanti Vice-Chairman,
Slide 16: Industry Outlook, Suzlon Strengths, Financial Performance
INDUSTRY OUTLOOK SUZLON STRENGTHS FINANCIAL PERFORMANCE 16 Suzlon Wind Farm, Hallett, Australia
Slide 17: Robust business performance YoY basis
Robust business performance YoY basis Volume Revenue EBITDA PAT 274 MW Rs 2,016 Cr Rs 370 Cr Rs 302 Cr 103% 50% 86% 200% 135 MW Rs 1,348 Cr Rs 199 Cr Rs 101 Cr Highest Q1 deliveries Largest ever order book at Achieved quarterly EBITDA Net cash position of Rs in 7 years at 274 MW 3.8 GW since incepti
Slide 18: Record quarterly PAT, consistently delivering business performance
Record quarterly PAT, consistently delivering business performance (₹ Cr.) Revenue EBITDA 6,520 6,497 1,029 5,947 889 832 2,016 370 1,348 199 FY22 FY23 FY24 Q1FY24^ Q1FY25^ FY22 FY23 FY24 Q1FY24^ Q1FY25^ Gross Debt PAT (before exceptional items) 714 6,391 302 167 93 1,905 110 101 -249 FY22 FY23 FY24
Slide 19: WTG Division – Key performance indicators
WTG Division – Key performance indicators Wind capacity additions in India (in GW) Deliveries & Installations by Suzlon (in MW) 3.3 882 Deliveries (MW) 808 Installations (MW) 710 2.3 664 459 495 1.1 285 274 0.8 135 71 FY22 FY23 FY24 Q1FY25^ FY22 FY23 FY24 Q1FY24^ Q1FY25^ Source: Directory Indian Win
Slide 20: OMS India Division - Key performance indicators
OMS India Division1 - Key performance indicators Revenue & EBITDA trend (Rs. in Cr.) Installed Capacity Base (GW) Revenue EBITDA EBITDA % 14.7 14.8 1,798 13.9 1,668 1,566 13.4 47.3% 42.9% 43.6% 40.1% 741 715 721 36.2% 437 436 158 190 FY22 FY23 FY24 Q1FY24^ Q1FY25^ FY22 FY23 FY24 Q1FY25^ Key Strength
Slide 21: SE Forge (Foundry & Forging) – Key performance indicators
SE Forge (Foundry & Forging) – Key performance indicators Operating Revenue & EBITDA trend (Rs in Cr.) Revenue (Rs in Cr.) Suzlon Others Suzlon share Op. Revenue EBITDA EBITDA % 16% 18% 36% 31% 39% 477 472 483 477 472 482 16.6% 77 86 15.7% 175 12.5% 10.9% 79 8.8% 76 400 112 386 112 41 92 307 92 14 1
Slide 22: Consolidated Income Statement
Consolidated Income Statement (₹ Cr.) Q1 FY25 Q4 FY24 Q1 FY24 FY24 FY23 Particulars Unaudited Unaudited Unaudited Audited Audited Net Volumes (MW) 274 273 135 710 664 Net Revenue 2,016 2,179 1,348 6,497 5,947 Contribution 712 732 506 2,348 1,965 Contribution Margin 35.3% 33.6% 37.5% 36.1% 33.0% Empl
Slide 23: Consolidated Balance Sheet
Consolidated Balance Sheet (₹ Cr.) Jun-24 Mar-24 Mar-23 Particulars Unaudited Audited Audited Equity & Liabilities Net Worth 4,253 3,920 1,099 Borrowings (non-current and current) 101 110 1,905 Non-current Liabilities 192 200 206 Current Liabilities 3,536 2,948 2,313 Total equity and liabilities 8,0
Slide 24: Glossary
Glossary 1. AEP – Annual Energy Production 17. LCoE – Levelized Cost of Energy 2. BOP – Balance of Plant 18. MNRE – Ministry of New And Renewable Energy 3. BESS – Battery Energy Storage System 19. MT – Metric Ton 4. C&I – Commercial and Industrial 20. MW – Megawatt 5. CEA - Central Electricity Autho
Slide 25: References
References https://www.seci.co.in/ https://cea.nic.in/ https://mnre.gov.in/ https://niwe.res.in/ https://powermin.gov.in/ https://www.mercomindia.com/ http://www.cercind.gov.in/ https://gwec.net/globalwindreport2023/ https://gwec.net/india-wind-energy-market-outlook-2023-2027-report/ https://www.cri
Slide 26: Thank You!
Thank You! Email contact for queries: investorrelations@suzlon.com Suzlon Wind Farm, Weltur, Maharashtra 26