Suzlon Energy Ltd · NSE:SUZLON
Suzlon Energy — Q4 FY2023 Earnings Presentation
24 slides from Suzlon Energy's earnings presentation, May 30, 2023
Slide 1: Suzlon Energy Limited Investor Presentation Q4 FY22-23
Suzlon Energy Limited Investor Presentation Q4, FY 22-23 30th May 2023 Suzlon Wind Farm, Nakhatrana, Kutch, Gujarat 1
Slide 2: 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 securities, and s
Slide 3: Industry Outlook, Suzlon Strengths, Financial Performance
Industry Outlook Suzlon Strengths Financial Performance 3 Suzlon Wind Farm, Jaisalmer, Rajasthan
Slide 4: 500 GW of non-fossil fuel energy capacity by 2030
Installed Power Generation Capacity (GW) 500 GW of 777 non-fossil fuel energy 100 capacity by 2030 50% 1 bn tonnes renewables in reduction 293 the energy in carbon mix by 2030 emissions 416 Panchamrit by 2030 Wind 43 Solar 67 78 Hydro 52 Fossil Fuel 277 45% reduction in Net zero 237 emissions intens
Slide 5: India will invite RE project bids for 50 GW p.a.
1 India will invite RE projects bids for 50 GW p.a. (incl. 10 GW p.a. wind) during FY24 to FY28 2 RE bids by Renewable Energy Implementing Agencies (REIA): SECI, NTPC, NHPC & SJVN 3 RE bids can be vanilla solar, vanilla wind, solar-wind hybrid, RE-RTC with/without storage 4 Year-wise targeted bid ca
Slide 6: Yearly installation of ~8 GW of wind capacity required by 2030
✓ Yearly installation ~8 GW of wind capacity required to reach the target of 100 GW by 2030 ✓ REIAs to invite RE project bids of 50 GW p.a. (including 10 GW pure wind bids) during FY24-FY28 ✓ E-reverse bidding discontinued for wind, new regime on single stage two envelope closed bids leading to bett
Slide 7: Suzlon Strengths
Industry Outlook Suzlon Strengths Financial Performance 7 Suzlon Wind Farm, Dhule, Maharashtra
Slide 8: 19.8 GW installed wind energy capacity, 17 countries
19.8 GW 17 Countries Installed Wind Energy Presence Capacity 5,900+ ~33% Global Workforce Cumulative Market Share in India As on 31st March 2023 8
Slide 9: No.1 OEM in India's Renewable Sector
No.1 OEM in India’s Renewable Sector End-to-end Pan India Technology Service Presence Leadership Provider Best-in-class Strong 28 Years Service Customer Track Record Capabilities Relationship Strong presence across value chain & customer segments As on 31st March 2023 9
Slide 10: Global presence by region
2 5 2 1 North America 6 3 1 2.78 GW 4 Asia 3 5 14.84 GW South America Europe 0.81 GW 0.51 GW 4 South Australia Africa 0.76 GW 0.14 GW 6 Suzlon’s strong relationships across regions positions it well Installed turbines as on 31st March 2023 10
Slide 11: And many more customers
And many more customers….. 11
Slide 12: Best-in-class manufacturing capability
Best-in-class manufacturing capability Vertically integrated low-cost supply chain Manufacturing locations across India Sufficient & flexible India manufacturing capacity to Manufacturing Capacity cater to the market ~3,1501 MW Rajasthan Madhya Gujarat Pradesh Nacelle and Hub Nacelle and Hub Rotor b
Slide 13: Consistent Reduction of Levelised Cost of Energy (LCoE)
+15% AEP +43%/49% AEP Rotor Diameter 144m Rotor Diameter Rotor Diameter 120m 111m Hub Height Hub Height Hub Height 140/160m 120m 140m S111-120 (2.1 MW) S120-140 (2.1 MW) S144-140/160 (3.x MW) Consistent Reduction of Levelised Cost of Energy (LCoE) 13 Consistent Reduction of Levelised Cost of Energy
Slide 14: Overview of Global OMS
Overview of Global OMS Presence in all windy states in India USD 12 Bn 16.1* GW+ / 10,600+ Installed base as on 31st Mar 2023 of 13.9 GW Assets under 14 Countries Turbines management Footprint 2.3 GW 0.5 GW Rajasthan Madhya Pradesh 111 1,900+ 3,500+ Sites Customers Team 3.4 GW Gujarat • ~33% share o
Slide 15: Capacity Split of Cumulative Orders
Capacity Split of Cumulative Orders Particulars (MW) Central Auctions 322 State Auctions 57 762 MW, 780 MW, 49% 51% Captive/Retail/PSUs/C&I 273 Order Book on 31st March 2023 652 Orders secured post 31st March 2023* 890 < 3 MW 3 MW (S144) series Cumulative Orders 1,542 *Includes orders for 3 MW (S144
Slide 16: Professional senior management team
Tulsi Tanti Founder, Late Chairman and Managing Director Vinod Tanti Girish Tanti JP Chalasani Himanshu Mody Ishwar C Mangal Chairman and Vice Chairman Bernhard Telgmann Managing Director Group CEO Group CFO CTO CEO Global OMS • Over 27 years experience • More than 27 years of • Over 34 years experi
Slide 17: Financial Performance
Industry Outlook Suzlon Strengths Financial Performance 17 Suzlon Wind Farm, Dhule, Maharashtra
Slide 18: Stronger balance sheet and positive net worth
✓ Uptick in order book with rolling out of the highly competitive 3MW WTG series providing revenue visibility ✓ Net worth has turned positive at Rs 1,099 crores after a decade ✓ Substantial reduction of debt due to rights issue and refinancing accomplished during FY23 ✓ PAT (before exceptional items
Slide 19: Volumes, revenue, EBITDA and net finance cost
(₹ Cr.) Volumes (in MW) Revenue* 808 6,520 5,947 664 2,933 3,295 204 59 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 EBITDA (Pre-Fx)* Net Finance Cost* 829 839 1,340 539 976 712 401 FY20 FY21 FY22 FY23 -423 FY20 FY21 FY22 FY23 *Consolidated 19 Improvement in EBITDA margins & substantial reduction in net
Slide 20: Net debt, net worth and coverage ratios
Net Worth (Rs Cr.) Net Debt (Rs Cr.) 1,099 13,003 FY20 FY21 FY22 FY23 6,373 5,796 Net Debt/Net -3,343 -3,526 Worth ratio at 1.1x 1,180 -10,983 FY20 FY21 FY22 FY23 Net Debt/EBITDA (Pre-Fx) Ratio Net Interest Coverage Ratio^ 2.5x 2.1x 14.0x 11.8x 12.0x 2.0x 10.0x 8.0x 7.0x 1.5x 0.9x 6.0x 1.0x 4.0x 0.5
Slide 21: Consolidated profit and loss statement
(₹ Cr.) Q4 FY23 Q3 FY23 Q4 FY22 FY23 FY22 Particulars Unaudited Unaudited Unaudited Audited Audited Net Volumes (MW) 182 170 336 664 808 Net Revenue 1,690 1,449 2,442 5,947 6,520 Contribution 526 492 467 1,965 1,877 Contribution Margin 31.1% 34.0% 19.1% 33.0% 28.8% Employee Expenses 157 157 131 609
Slide 22: Consolidated balance sheet
(₹ Cr.) Mar-23 Dec-22 Sept-22 Mar-22 Particulars3 Audited Unaudited Unaudited Audited Equity & Liabilities Net Worth 1,099 340 -313 -3,526 Non-controlling interests - -42 -41 -36 Borrowings (non-current and current) 1,905 2,512 3,150 6,391 Non-current Liabilities 206 212 207 210 Current Liabilities
Slide 23: Abbreviations
1. BESS - Battery Energy Storage System 12. OMS – Operations and Maintenance Services 2. C&I – Commercial and Industrial 13. PLF – Plant Load Factor 3. CEA - Central Electricity Authority 14. PSA – Power Sale Agreement 4. EBITDA – Earnings before Interest, Tax, Depreciation and 15. PSU – Public Sect
Slide 24: Thank You!
Thank You! Contact for Investor Relations: Mr. Punit Dave Phone: +91 20 67022347 | E-mail: investorrelations@suzlon.com Suzlon Wind Farm, Weltur, Maharashtra 24