35 slides from Servotech Renewable Power System's earnings presentation, May 10, 2024
Slide 1: Cover letter to National Stock Exchange of India
10th May, 2024 To, National Stock Exchange of India Limited Exchange Plaza, NSE Building, Bandra Kurla Complex, Bandra East, Mumbai-400051 Trading Symbol: SERVOTECH Sub.: Presentation on the Audited Financial Results of the Company for the quarter and year ended 31st March, 2024 Dear Sir/Madam, In a
Slide 2: Investor Presentation FY 2023-2024
INVESTOR PRESENTATION FY 2023-2024 May 2024 “MANIFESTING A GREENER TOMORROW BY MARCHING TOWARDS ZERO CARBON FOOTPRINTS”
Slide 3: Safe Harbor
SAFE HARBOR Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political, or economic developments, technological risks, and many other factors that could cause our actu
Slide 4: Atmanirbhar Bharat
ATMANIRBHAR BHARAT “Driving the Make in India Initiative through cutting-edge innovations and fostering self-sufficiency in green energy products” 3
Slide 5: Mission & Vision
MISSION & VISION To create and introduce a series of world-class solutions to mitigate the impact of energy consumption To be recognized as one of on climate, to achieve the top three companies in net-zero emissions and India renowned for providing eliminate the reliance sustainable and renewable on
Slide 6: SPSL at a Glance
SPSL AT A GLANCE 20+ years of expertise in manufacturing power electronics products Capacity to manufacture • Prominent manufacturer 30,000 AC EV Chargers of EV chargers, solar and 12,000 DC EV products, LED’s, batteries, chargers per year medical devices 1 8 State-of-the-art manufacturing facility
Slide 7: Q4FY24 Performance At A Glance
Q4FY24 Performance At A Glance Total Revenue (₹ in Lacs) Gross Profit (₹ in Lacs) & Margins 16,000.00 2,500.00 18.7% 20.0% 18.6% 14,000.00 12,000.00 2,000.00 16.0% 14.5% 10,000.00 1,500.00 12.0% 13,665.44 2,246.55 8,000.00 11,998.15 1988.15 6,000.00 1,000.00 8.0% 5,220.59 4,000.00 970.9 500.00 4.0%
Slide 8: FY24 Performance At A Glance
FY24 PERFORMANCE AT A GLANCE Total Revenue (₹ in Lacs) Gross Profit (₹ in Lacs) & Margins EBITDA (₹ in Lacs) & Margins 2500.0 7.0% 40,000.00 7,000.00 20.0% 17.3% 35,000.00 6,000.00 16.5% 2000.0 6.8% 6.8% 30,000.00 5,000.00 15.0% 6.7% 25,000.00 13.5% 1500.0 6.6% ₹ 35,526.47 4,000.00 2236.5 5685.75 20
Slide 9: Robust Management & Focus on Human Capital
ROBUST MANAGEMENT & FOCUS ON HUMAN CAPITAL Mr. Raman Bhatia Dr. Rajesh Mohan Rai Managing Director & Founder Director & CHRO Aged 47, he is a graduate in commerce Renowned HR Strategist & Business from University of Delhi and has a Coach. Having more than 30 years of rich diploma in electronics. He
Slide 10: Continued...
CONTINUED... Mr. Anupam Gupta Mr. Sampat Rai Independent Director Independent Director Aged 70, he has managed strategic growth & He has had an extensive corporate diversification in different company at very senior career spanning over 40 years, beginning with position like: Tecumseh,LML Scooters,
Slide 11: Business Evolution Spanning Two Decades
BUSINESS EVOLUTION SPANNING TWO DECADES 2021 • In view of the narrowing availability of oxygen concentrators, 2022 2023 2024 • Forayed into the EV • Lau n ch ed Solar p ower ed EV Charger Carport. • SPSL joins Bengal Pro T20 League as Servotech launched Franchise Team Owner to enhance Oxygen concent
Slide 12: Business Model
BUSINESS MODEL Customers: The company is majorly Revenue Model: into B2B operations and Value Chain for EV Chargers: caters to leaders like: Revenue is generated from sale BPCL of AC & DC EV charging unit. HPCL Additionally, it also generates IOCL revenue from the sale of Solar Tata Motors products
Slide 13: Revenue Breakup
REVENUE BREAKUP FY 2024 Revenue Breakup 3.20% 2.56% 1.70% 14.52% 4.03% 73.98% Solar EV Charger Installation Medical Devices Power Backup Spares 12
Slide 14: Our Group Structure & Partnerships
OUR GROUP STRUCTURE & PARTNERSHIPS Scaling New Horizon through Partnerships Entered into a strategic partnership with EMCOR Power 1 Solutions to revolutionize EV charging infrastructure in India Developed Solar-Powered EV Charging Carport with NSEFI, Hauz Khas, Delhi 2 Signed two MOUs with IIT Roork
Slide 15: Capacity Expansion Over the Years
CAPACITY EXPANSION OVER THE YEARS Annual Production Capacity AC Chargers Capacity DC Chargers Capacity 30,000 12,000 4,800 1,800 840 600 2022 2023 2024 2022 2023 2024 AC Chargers DC Chargers 14
Slide 16: Diversified Product Portfolio
DIVERSIFIED PRODUCT PORTFOLIO SOLAR SOLUTIONS Solar Inverter Solar Panels Solar Battery Solar Servport Solar EPC EV CHARGERS AC & DC Fast Chargers For every type of EV Vehicles : for all type of 2 wheelers, Cars,Buses & trucks POWER & BACKUP UPS and Battery LED Commercial and Domestic LED SERVO STAB
Slide 17: Range of EV and Solar Products
RANGE OF EV AND SOLAR PRODUCTS EV Chargers – AC Range 3.3kW 7kW 10kW 11kW 14kW 22kW EV Chargers – DC Range • Solar Panels • Off Grid Inverter • On Grid Inverter • Tubular Battery • Street Lights 20kW 30kW 60kW 120/240kW 360kW • Charge Controller 16
Slide 18: Continually Investing in Building Capability
CONTINUALLY INVESTING IN BUILDING CAPABILITY Backward Onboard EV Charger Control Card Integration AC DC Charging Cables Modules CCS2 & Type 2 17
Slide 19: Marquee Clients
MARQUEE CLIENTS And Many More... 18
Slide 20: SPSL Contribution in Electrifying India
SPSL CONTRIBUTION IN ELECTRIFYING INDIA Ladakh 65 J&K 60 Himachal Pradesh Punjab 35 95 Uttarakhand 55 Haryana 5,600+ 145 80 Uttar Pradesh Rajasthan Assam Delhi 200 Bihar 370 85 Meghalaya EV Chargers 60 7 Gujarat Madhya Pradesh West Bengal 330 350 150 (AC & DC) Maharashtra deployed across India 500 3
Slide 21: Leveraging Existing SPSL's Strengths
LEVERAGING EXISTING SPSL’S STRENGTHS Established relationships with Petroleum Companies, PSUs, State Nodal Agencies Professional management Installed more than and experienced 1 5,600+ EV chargers with leadership team presence in more than 8 2 21 states of India Track record of robust Strong technol
Slide 22: Industry Overview
INDUSTRY OVERVIEW EV INDUSTRY Market size Market sizeofofoverall overall GrowthGrowth in Public Charging in Public • Indian EV industry has grown 20x charging infrastructure charging infrastructure infrastructure charging infrastructure from FY20 to FY23 with nearly 8k/month of sales volume 100.0 90
Slide 23: Continued... Solar Industry
CONTINUED... SOLAR INDUSTRY Total installed power generation Increasing Share of Solar in Rising Renewables Renewable power generation capacity in India 428 GW as of capacity in India 134 GW as of Dec’ 23 (in GW) • Out of total installed power generation Dec’ 23 (in GW) capacity of renewables has re
Slide 24: Growth Drivers
GROWTH DRIVERS 5 Increasing demand for 4 EV charging stations with healthy traction in order pipeline in 3 Rising urbanization addition to a sizable and awareness order backlog of climate change Growing need for have led to increase 2 in demand for carbon neutral has increased the cost-efficient pro
Slide 25: Business Updates for Q4 FY24
BUSINESS UPDATES FOR Q4 FY24 Continuous Wins from Major OEM’s Collaborated with an international company to • Order win from BPCL worth ₹120 Crs for the supply of enhance its in-house components manufacturing. 1,800 DC EV chargers • SPSL will be constructing a cutting-edge manufacturing • Order win
Slide 26: Our Contribution in the Industry
OUR CONTRIBUTION IN THE INDUSTRY Solar Tree 2023 Solar powered EV Charging Carport 25
Slide 27: Management Commentary
MANAGEMENT COMMENTARY Commenting on the performance of financial year 2024, the management team of Servotech Power Systems Ltd. stated: We are happy to share our financial and operational performance for the Financial Year 2024. During this period, our revenue increased by 27.5% to ₹35,526.5 lakhs i
Slide 28: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT Particulars (₹ in lakhs) Q4 FY24 Q4 FY23 YoY% Q3 FY24 FY24 FY23 YoY% Revenue from operations 13,617.4 11,530.7 5,201.4 35,368.4 27,848.1 Other income 48.0 467.5 19.2 158.1 16.2 Total revenue 13,665.4 11,998.2 13.9% 5,220.6 35,526.5 27,864.3 27.5% Cost of Materials Consu
Slide 29: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET As of As of As of As of Particulars (₹ in lakhs) Particulars (₹ in lakhs) 31st March'24 31st March'23 31st March'24 31st March'23 Assets Equity & Liabilities PP&E 2,897.22 1,979.53 Equity Share Capital 2,169.04 2,126.54 Other Intangible Assets 42.21 15.63 Other Equity 12,0
Slide 30: Consolidated Cash Flow Statement
CONSOLIDATED CASH FLOW STATEMENT Particulars (in l a k h s ) FY 2 4 FY23 Ca sh f low f ro m Operating Activities 76.40 (2,427.7) Ca sh f low f ro m Investing Activities (2,597.99) (1,287.7) Ca sh f low f ro m Financing Activities 7,538.9 4,545.1 Ne t C h a n g e s in C a s h a n d C a s h equivalent
Slide 31: Media Coverages
MEDIA COVERAGES SERV@TEC Energyworld on os Lion orth Aah ine anda Mae Servotech Power Systems and Electra EV partner for new EV charging technologies Energyworld Servotech Power Systems to set up 20 EV charging stations in Nashik [New Det Serotec ssidirhaseccued an order rosetup 0 elect velces MOBIL
Slide 32: Exhibitions
EXHIBITIONS National EV & Solar Expo (Lucknow) (March BEE Foundation Day (March 2024) 2024) 31
Slide 33: Manufacturing Plant
MANUFACTURING PLANT SERV@TEC Assembly Line Sub Assembly Line PCB Assembling Semi Automatic Printer Fully Automatic Printer Pick and Place Reflow Oven Wave Soldering SMT Line (PCB Mfg.)
Slide 34: Capital Market Information
CAPITAL MARKET INFORMATION Price Data Share Holding Pattern (as of 31st March, 2024): INR (As On 9th May, 2024) 38.20% CMP ₹85.15 61.09% 52 week High/Low ₹108.70 - ₹25.75 Market Cap (INR Mn.) ₹1,884.67 0.71% NSE Symbol SERVOTECH Promoter & Promoter Group Institutions Public Share Price Chart: 33
Slide 35: Servotech Power Systems Limited – Investor Relations
For further information on the company; please visit www.servotech.in SERVOTECH POWER SYSTEMS LIMITED INVESTOR RELATIONS ADVISOR Mr. Raman Bhatia Captive IR Strategic Advisors Pvt. Ltd. Email: servotech@servotechindia.com Email: krunal@cap-ir.com vinayak@cap-ir.com Contact: 011-41183119 naman@cap-ir