Suzlon Energy Ltd · NSE:SUZLON
Suzlon Energy — Q1 FY24 Earnings Presentation
25 slides from Suzlon Energy's earnings presentation, Jul 25, 2023
Slide 1: Suzlon Energy Limited Investor Presentation Q1 FY23-24
Suzlon Energy Limited Investor Presentation Q1, FY 23-24 25th July 2023 Suzlon Wind Farm, Nakhatrana, Kutch, Gujarat 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
Industry Outlook Suzlon Strengths Financial Performance Suzlon Wind Farm, Jaisalmer, Rajasthan
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 Hydro non-fossil fuel energy 78 (10%) capacity by 2030 Solar, Fossil Fuel 293 (38%) 277 (35%) Fossil Fuel 238 (57%) 1 bn tonnes 50% Hydro reduction in 52 (12%) renewables in carbon the energy
Slide 5: Opportunities: Favorable market conditions & strong demand outlook
Opportunities: Favorable market conditions & strong demand outlook Onshore wind power potential in India 695 GW at 120m HH Target Action Plan Add wind capacity of ~8 GW p.a. to reach 100 GW by 2030 RE bids of 50 GW p.a. (incl. 10 GW wind) during FY24-FY28 Main Policy Initiatives Other Initiatives 1
Slide 6: Suzlon Strengths
Industry Outlook Suzlon Strengths Financial Performance Suzlon Wind Farm, Dhule, Maharashtra
Slide 7: Suzlon Strengths
Suzlon Strengths 20.1 GW* ~33% Global installed Wind Cumulative Market Energy Capacity Share in India 5,900+ Own WTG Technology & in-house R&D Global Workforce Well established product portfolio *Includes installed capacity of 14.2 GW in India 7 As on 30th June 2023
Slide 8: Suzlon's Strengths in Indian Wind Energy Market
Suzlon’s Strengths in Indian Wind Energy Market 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 Capabilities Relationship Record Strong presence across value chain & customer segments As on
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 Capacity India’s windy states ~3,1501 MW Other Indian states Nacelle and Hub Forging Rajasthan Sufficient & flexi
Slide 11: Product Optimized for Higher Energy Output
Product Optimized for Higher Energy Output +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) 11 Consis
Slide 12: Overview of asset management capabilities in India
Overview of asset management capabilities in India Overview of India OMS Presence in all windy states in India Installed base as on 30th June 2023 of 14.2 GW USD 10 Bn 14.2 GW+ Assets under Installed 9,500+ Base Turbines 2.3 GW management Rajasthan 0.5 GW Madhya Pradesh 3.7 GW 1,900+ 92 3,400+ Gujar
Slide 13: Wind Order Book
Wind Order Book Particulars Total (in MW) Order Book as on 30th June 2023 1,433 Orders announced post 30th June 2023 149 Cumulative Orders 1,582 Split based on WTG type Split based on category Split based on scope 4% 66% 50% 55% 46% 45% 34% S120 S133 S144 Central & State Auctions Captive/C&I/Retail
Slide 14: Management Profile
Management Profile Tulsi Tanti Founder, Late Chairman and Managing Director Vinod Tanti Girish Tanti JP Chalasani Himanshu Mody Bernhard Telgmann Ishwar C Mangal Chairman and Vice Chairman Group CEO Group CFO CEO Global OMS CTO Managing Director ▪ Over 27 years experience ▪ Over 40 years of experien
Slide 15: Profile of the Independent Directors
Profile of the Independent Directors Gautam Doshi Marc Desaedeleer Per Hornung Pedersen Sameer Shah Seemantinee Khot Independent Director Independent Director Independent Director Independent Director Independent Director ▪ Practicing Chartered Accountant with ▪ Worked as a Partner & member of ▪ Mor
Slide 16: Financial Performance
Industry Outlook Suzlon Strengths Financial Performance Suzlon Wind Farm, Dhule, Maharashtra
Slide 17: Highlights of the Performance
Highlights of the Performance ✓ Uptick in order book with rolling out of the highly competitive 3MW WTG series providing revenue visibility ✓ Strong Net worth position at Rs 1,297 Crore ✓ PAT (before exceptional items) for Q1FY24 of Rs 93 crores V/s a Loss (before exceptional items) for Q1FY23 of Rs
Slide 18: Transformation…
Transformation… (₹ Cr.) Revenue EBITDA (Pre-Fx) 6,520 829 839 5,947 539 185 207 3,295 2,933 1,378 1,348 -423 FY20 FY21 FY22 FY23 Q1FY23^ Q1FY24^ FY20 FY21 FY22 FY23 Q1FY23^ Q1FY24^ Gross Debt PAT (before exceptional items) 167 93 13,137 -37 FY20 FY21 FY22 FY23 Q1FY23^ Q1FY24^ 6,859 -249 6,391 1,905
Slide 19: WTG Division – Key Performance Indicators
WTG Division – Key Performance Indicators Wind capacity additions in India (in GW) Installations by Suzlon (in GW) E-reverse auction Suzlon Market Share 5.6 Introduction of Covid impact discontinued in E-reverse auction in Feb’17 Jan’23 32% 29% 36% 16% 5% 42% 22% 26% 2.1 2.2 2.3 1.6 1.5 1.8 1.1 1.1
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 % 14.2 1,668 13.9 1,499 1,566 13.4 1,436 1,298 12.8 12.9 46.9% 44.8% 12.5 45.5% 47.3% 42.9% 40.7% 39.2% 673 682 741 715 509 437 397 178 178 FY19 FY20 FY21 FY22 FY23
Slide 21: Foundry & Forging Division – Key Performance Indicators
Foundry & Forging Division – Key Performance Indicators Operating Revenue & EBITDA trend (Rs in Cr.) Revenue (Rs in Cr.) Op. Revenue EBITDA EBITDA % 16% 0% 6% 16% 18% Non- Suzlon 477 472 477 472 432 Suzlon 432 17.8% 357 Suzlon share 357 334 16.6% 334 11.9% 400 386 9.9% 11% 31% 8.8% 11.4% 299 432 120
Slide 22: Consolidated Income Statement
Consolidated Income Statement (₹ Cr.) Q1 FY24 Q4 FY23 Q1 FY23 FY23 FY22 Particulars Unaudited Unaudited Unaudited Audited Audited Net Volumes (MW) 135 182 151 664 808 Net Revenue 1,348 1,690 1,378 5,947 6,520 Contribution 506 526 436 1,965 1,877 Contribution Margin 37.5% 31.1% 31.7% 33.0% 28.8% Empl
Slide 23: Consolidated Balance Sheet
Consolidated Balance Sheet (₹ Cr.) June-23 Mar-23 Mar-22 Particulars Unaudited Audited Audited Equity & Liabilities Net Worth 1,297 1,099 (3,526) Non-controlling interests - – (36) Borrowings (non-current and current) 1,806 1,905 6,391 Non-current Liabilities 202 206 210 Current Liabilities 2,169 2,
Slide 24: Glossary
Glossary 1. BOP – Balance of Plant 14. OEM - Original Equipment Manufacturer 2. BESS - Battery Energy Storage System 15. OMS – Operations and Maintenance Services 3. C&I – Commercial and Industrial 16. PLF – Plant Load Factor 4. CEA - Central Electricity Authority 17. PSA – Power Sale Agreement 5. C
Slide 25: 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 25