Inox Wind Ltd. · NSE:INOXWIND
Inox Wind — Investor Presentation (July 2023)
24 slides from Inox Wind's investor presentation, Jul 4, 2023
Slide 1: Exchange disclosure cover letter - Investor Presentation
IWL: NOI: 2023 04th July, 2023 The Secretary The Secretary BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex Dalal Street, Bandra (E), Mumbai 400 001 Mumbai 400 051 Scrip code: 539083 Scrip code: INOXWIND Sub: Disclosure of Material E
Slide 2: Inox Wind Limited Investor Presentation July 2023
INOX WIND LIMITED INVESTOR PRESENTATION JULY 2023
Slide 3: Contents
CONTENTS 1. GROUP & COMPANY OVERVIEW 2. MACRO ENVIRONMENT TURNING FAVOURABLE FOR THE WIND SECTOR 3. IWL - BENEFITTING FROM THE TAILWINDS 4. IGESL – WIND O&M BUSINESS – STABILITY WITH GROWTH 5. FY23 EARNINGS UPDATE 2
Slide 4: Group & Company Overview
WIND Greening INDIA GROUP & COMPANY OVERVIEW i INOYGFL
Slide 5: Part of the Strong INOXGFL Group
PART OF THE STRONG INOXGFL GROUP The INOXGFL Group with a legacy of more than 90 years is one of the largest business Groups in India. The Group is a forerunner in diversified business segments comprising specialty chemicals, fluoropolymers, gases, wind turbines and renewables. The Group currently w
Slide 6: Inox Wind – A Fully Integrated Wind Solutions Provider
INOX WIND – A FULLY INTEGRATED WIND SOLUTIONS PROVIDER Fully integrated wind energy player providing end-to-end turnkey solutions to customers – from conception to commissioning to O&M Capacity to manufacture 1,900MW of nacelle and hubs, 1,600MW of blades and 600MW of towers * The prototype of newly
Slide 7: Inox Wind – Merger to Simplify Business Structure
INOX WIND – MERGER TO SIMPLIFY BUSINESS STRUCTURE Promoter entities Promoter Entities 69.51%* 55.83% Inox Wind Energy Limited (IWEL) & Promoter Entities Inox Wind Limited (IWL) 72.01%* Post Merger Inox Wind Limited (IWL) 100% 61.04% # 100%* 61.04%*# Resco Global Wind Inox Green Energy Resco Global W
Slide 8: Macro Environment Turning Favorable for the Wind Sector
MACRO ENVIRONMENT TURNING FAVORABLE FOR THE WIND SECTOR 7
Slide 9: Favorable Macro Environment Expected to Significantly Boost Wind Sector Investments
FAVORABLE MACRO ENVIRONMENT EXPECTED TO SIGNIFICANTLY BOOST WIND SECTOR INVESTMENTS Higher bidding targets: GoI’s 50GW annual RE bids issue for FY24-28 period includes at least 10GW of wind as part of the target to reach 500GW of non-fossil fuel capacity by 2030 Bidding trajectory for FY24 issued by
Slide 10: Opportunities for the Indian Wind Sector Are Immense
OPPORTUNITIES FOR THE INDIAN WIND SECTOR ARE IMMENSE RENEWABLE ENERGY IMPLEMENTATION AGENCY-WISE BIDDING CALENDAR FOR FY24 RENEWABLE PURCHASE OBLIGATION TRAJECTORY NOTIFIED BY THE MoP OTHER LARGE-SCALE OPPORTUNITIES Year Wind RPO HPO Other RPO Total RPO Storage (on energy basis) C&I power demand mov
Slide 11: Wind Sector in India Is Gaining Strength After a Period of Modest Activities
WIND SECTOR IN INDIA IS GAINING STRENGTH AFTER A PERIOD OF MODEST ACTIVITIES Wind Power - Installations Wind Power – Auctions/Bid Invites A uc t io n P e rio d V o lum e ( M W) Y e a rly V o lum e s ( M W) SECI 1– SECI 3 Feb’ 17 – M ar’ 18 4050M W State A uctio ns Feb’ 17 – M ar’ 18 1500M W F Y 18 :
Slide 12: IWL - Benefitting from the Tailwinds
IWL - BENEFITTING FROM THE TAILWINDS 11
Slide 13: WTG Order Book – FY23-End
WTG ORDER BOOK – FY23-END Particulars Order capacity (MW) * SECI 350 NTPC 350 LOI for 3.3 MW WTG from Adani 501.6 Retail and others 23.1 Total as of FY23-end 1,224.7 Less: supplied 104.0 Net orderbook as at FY23-end 1,120.7 Orders secured in Q1FY24: NTPC REL: 150MW ABEnergia Renewables: 100MW Ex
Slide 14: 3.3MW WTG Attracting Significant Interest from Customers
3.3MW WTG ATTRACTING SIGNIFICANT INTEREST FROM CUSTOMERS The prototype of newly launched 3.3 MW WTG is performing well Type certification is in final stages and expected soon Commercial production and supplies will commence from H2FY24 IWL has built its supply chain capabilities in order to ensure s
Slide 15: Strategic Interventions
STRATEGIC INTERVENTIONS • Successfully completed IPO of Inox Green Energy Services Ltd (IGESL - O&M subsidiary) in November Monetization 2022, raising Rs. 740 crs. Proceeds used to pare debt and deleverage balance sheet. O & M Business - IGESL • IGESL embarked on inorganic growth and has acquired 51
Slide 16: IGESL – Wind O&M Business – Stability with Growth
IGESL – WIND O&M BUSINESS – STABILITY WITH GROWTH 15
Slide 17: IGESL – A Stable Annuity Business Proposition
IGESL – A STABLE ANNUITY BUSINESS PROPOSITION Established track Technology driven Comprehensive O&M record in the company with focus on Solutions Provider for WTG wind energy predictive maintenance and common infrastructure O&M industry of over reactive O&M contracts >10 years maintenance Strong sup
Slide 18: IGESL – Portfolio of 3,144MW
IGESL – PORTFOLIO OF 3,144MW O&M Portfolio Growth Trajectory 3,144MW 2,750MW 2,362MW 1,082MW 91MW 2022 2023 2016 2019 2013 Key Metrics 1 2 3 4 5 6 3,144 MW >6 years 5-20 years 1120.7 MW INR 254 crs INR 103 crs Portfolio as on Residual Duration of Tenor of O&M FY23 Revenue from FY23-end the O&M Contr
Slide 19: IGESL – O&M Business Poised for Growth
IGESL – O&M BUSINESS POISED FOR GROWTH Inorganic growth prospects# 12,946 9,793 O&M business of inactive/stressed players maintaining ~10GW of capacity provides a significant opportunity for IGESL’s inorganic 6,982 growth. Majority of this fleet is across retail customers. 3,196 3,144* Leveraging bo
Slide 20: IGESL – Growth Strategy Going Forward
IGESL – GROWTH STRATEGY GOING FORWARD A. Organic Growth: The execution of orders by Inox Wind shall lead to a firm addition to the existing O&M fleet of ~ 3GW. Pricing Reset: Pricing of O & M contracts be it shared services or comprehensive are reset at the time of renewal of O & M contracts t
Slide 21: IWL — Key Financials
WIND Greening INDIA IWL — KEY FINANCIALS i INOYGFL
Slide 22: Key Financials - Audited Consolidated Income Statement
KEY FINANCIALS - AUDITED CONSOLIDED INCOME STATEMENT Statement of Consolidated Audited Financial Results For Quarter and Year Ended 31 March 2023 Rs. Lakhs Quarter Ended Year Ended Particulars 31-03-2023 31-12-2022 31-03-2022 31-03-2023 31.03.2022 Income a) Revenue from operation (net of taxes) 19,2
Slide 23: Financial Highlights – Consolidated Audited Balance Sheet
FINANCIAL HIGHLIGHTS – CONSOLIDED AUDITED BALANCE SHEET As at As at As at As at Particulars 31-Mar-23 31-Mar-22 Particulars 31-Mar-23 31-Mar (Audited) (Audited) (Audited) (Audited) Assets EQUITY AND LIABILITIES (1) Non-current assets (1) Equity (a) Property, Plant and Equipment 1,59,946 1,32,761 (a)
Slide 24: Thank You
THANK YOU Anshuman Ashit Manish Garg Contact No: +91 120 614 9830 Contact No: +91 120 614 9600 Email : anshuman.ashit@inoxwind.com Email : Investors.iwl@inoxwind.com 23