Gensol Engineering Limited · NSE:GENSOL
Gensol Engineering — Q4 FY2024 Earnings Presentation
34 slides from Gensol Engineering's earnings presentation, May 29, 2024
Slide 1: Exchange submission letter for Q4/FY24 earnings presentation
Date: May 29, 2024 To, The Corporate Relations Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Plot No. C/1, PJ Towers, 25th Floor, G Block, Bandra-Kurla Complex, Dalal Street, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Company Scrip Code: 542851 Symb
Slide 2: Q4 & FY'24 Results Investor Presentation
Q4 & FY’24 Results Investor Presentation Gensol Engineering Ltd. Empowering Future Exploring Energy Alternatives www.gensol.in 1
Slide 3: Safe Harbour
Safe Harbour This presentation by Gensol Engineering Ltd. (mentioned here with brand name “Gensol”) provides general background information about the Company and its activities as on the date of this presentation and is solely for information purposes. Neither this presentation nor any part thereof
Slide 4: Table of Contents
Table of Contents • Industry Overview • Business Overview • Business Segments • Performance Highlights • Appendix- Gensol Corporate Details 3
Slide 5: Industry Overview
Industry Overview 4
Slide 6: Market Tailwinds
India renewable energy market share Market Tailwinds $22 Bn $46.7 CAGR 9% Bn India’s Renewable Energy market growth FY23 FY32 ● Share of renewable energy in India’s total electricity capacity has increased to 33% in 2024 The Indian government’s visionary policies are continuously from 15% in FY15-16
Slide 7: Emerging Trends in Renewable Energy: Focusing on India's Solar Expansion
Emerging Trends in Renewable Energy: Focusing on India's Solar Expansion The solar segment is likely to dominate the renewable energy installed capacity in India, while compared to other RE energy sources ● Target of harnessing 306 GW of Solar Power capacity by FY30 ● To achieve a cumulative energy
Slide 8: India's EV Growth & Adoption
EV sales per annum (Mn) India’s EV Growth & Adoption India’s steps to accelerate EV Adoption ● Government policies - FAME II India, PLI Scheme for Automotive, ACC Battery Storage and National Electric Mobility Mission plan & Phased *Economic survey FY23 Manufacturing Program offers incentives, subsi
Slide 9: Business Overview
Business Overview 8
Slide 10: A Key Part of India's Energy Transition Story
A Key Part of India’s Energy Transition Story A Leader in Renewable Energy Thriving in a Booming Market Gensol stands as a formidable entity in With global shifts towards sustainability, solar energy solutions. The company’s the solar energy market is poised for illustrious track record of successfu
Slide 11: Gensol Engineering at a Glance
Gensol Engineering at a Glance 770 MW+ ₹1,783 Cr* Ground mounted, Total order book 500+ rooftop and floating (includes solar & EV leasing) Employees across solar EPC projects Solar, Leasing and Manufacturing z 33,693 MW+ ₹996 Cr 6,000+ Historical foundation of Overall revenue EVs on lease technical
Slide 12: Key Milestones
Key Milestones Scaling Further On the Path to Transition -Migrated to Main Board on Gensol Engineering both NSE and BSE -Gensol Engineering Ltd. listed Incorporated on BSE SME platform Engineering & strategic -Acquired Scorpius Trackers advisory services for solar - Forayed into EV Leasing PV launch
Slide 13: Business Segments
Business Segments 12
Slide 14: Gensol's Business Segments
Gensol’s Business Segments Solar Financial Year Leasing Manufacturing Solar EPC Solar Panel Tracking Tech EV Leasing EV Manufacturing Amongst India's leading Amongst leading global solar Innovative, tailor-made EV Revolutionizing urban mobility solar EPC firms panel tracking technology leasing & fle
Slide 15: Solar Segment
Solar Segment Key Customers India-wide 500 KW LADAKH installed capacity 28.6 MW 500 KW PUNJAB UTTARAKHAND 18.5 MW REGIONAL OFFICE NCR HARYANA 1,091 KW DELHI 3.5 MW 2.5 MW RAJASTHAN UTTAR PRADESH 500 KW BIHAR 220 MW 17.2 MW GUJARAT MADHYA PRADESH 24 MW WEST BENGAL CORPORATE OFFICE AHMEDABAD 25.2 MW J
Slide 16: Solar Segment - Key Highlights
Solar Segment - Key Highlights Solar EPC (India) Solar EPC (Middle-East) Scorpius Trackers BESS ● Won a large C&I order of 50 ● Strategic acquisition in FY’24 ● Won the 1st ever Battery ● Newly incorporated MWp from Sarda Energy & ● Portfolio includes patented Energy Storage System Minerals Ltd (SEM
Slide 17: EV Leasing Segment
EV Leasing Segment Comprehensive EV Leasing and Fleet End of Term Vehicle Acquisition Insurance Management solutions Services & Leasing Management ● Gensol offers 100% EV focused Leasing solutions ● New subsidiary Gensol EV Lease Pvt. Ltd. incorporated in FY24. Recently branded as Charging Maintenan
Slide 18: EV Leasing Segment
EV Leasing Segment EV Assets Segmentation Offered Target Customer Segmentation PSU & Government Fleet Operators (Ride hailing, Employee Departments Transportation, Rent A Car) 4-Wheeler Two Light Passenger and Wheelers Commercial Large MNC’s & Indian Cargo Vehicles (LCV) Business Houses Retail Subsc
Slide 19: EV Manufacturing Segment
EV Manufacturing Segment ▪ Affordable, smart, urban-mobility focused electric vehicle - Proudly "Made in India" ▪ Innovative design, size, weight and range engineered keeping in mind the urban fleet and cargo, & subsequently the urban passenger Play with solid fill segment ▪ ARAI Approval received i
Slide 20: Visual Highlights of EV Manufacturing Plant
Visual Highlights of EV Manufacturing Plant ● Greenfield “designed for electric” manufacturing plant in Chakan, Pune ● Manufacturing Capacity – 30,000 units p.a. ● In-plant testing track coupled with next- generation end-of-line vehicle testing facility *Embark on a Virtual Journey of the plant: Cli
Slide 21: Performance Highlights
Performance Highlights 20
Slide 22: Annual Consolidated Financial Highlights
Annual Consolidated Financial Highlights Total Revenue* (₹ Cr) EBITDA* (₹ Cr & Margin %) PBT (₹ Cr & Margin %) 147% 218% 135% YoY Growth YoY Growth YoY Growth PAT (₹ Cr & Margin %) ROCE%** Basic EPS (in ₹) 129% YoY Growth *Total Revenue & EBITDA includes other income 21 ** ROCE = EBIT/(Total Debt +
Slide 23: Annual Standalone Financial Highlights
Annual Standalone Financial Highlights Total Revenue* (₹ Cr) EBITDA* (₹ Cr & Margin %) 149% 241% YoY Growth YoY Growth PBT (₹ Cr & Margin %) PAT (₹ Cr & Margin %) 213% 221% YoY Growth YoY Growth 22 *Total Revenue & EBITDA includes other income
Slide 24: Profitability Flow
Profitability Flow Profit After Tax (PAT) Flow in FY24 Gensol is a prominent player in the Solar EPC space with its standalone revenue growing by 149% YoY to reach ₹944cr and PAT growing by 221% YoY to reach ₹80 Cr Gensol remains committed to invest in its new business segments which are expected to
Slide 25: Quarterly Consolidated Financial Highlights
Quarterly Consolidated Financial Highlights Total Revenue* (₹cr) EBITDA* (₹cr & Margin %) 147% 188% YoY Growth YoY Growth PBT (₹cr & Margin %) PAT (₹cr & Margin %) 172% 168% YoY Growth YoY Growth 24 *Total Revenue & EBITDA includes other income
Slide 26: Segmental Consolidated Revenue Performance
Segmental Consolidated Revenue Performance Solar (₹ Cr) EV Lease (₹ Cr) Financial Year 145% 133% Quarterly YoY Growth YoY Growth 25
Slide 27: Consolidated Income Statement
Consolidated Income Statement Particulars (₹ crores) Q4FY24 Q4FY23 YoY (%) FY24 FY23 YoY (%) Total Revenue 412 167 147% 996 403 147% EBITDA 92 32 188% 260 82 218% Interest expense 39 12 235% 108 23 362% Depreciation 24 10 148% 74 25 193% PBT 29 11 172% 78 33 135% Tax 9 3 181% 24 10 149% PAT 20 7 168
Slide 28: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (₹ Cr) FY24 FY23 Cash Flow from Operating Activities (98.1) 112.9 Cash Flow from Investing Activities (666.7) (703.5) Cash Flow from Financing Activities 857.7 708.6 Net Increase/Decrease in Cash and Bank Balances 92.9 118.0 Note: The above cash flow stat
Slide 29: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹ Cr) FY24 FY23 Shareholder Funds 313 208 Total long term debt 858 447 Deferred Tax Liability 39 12 Current Liabilities 290 122 Total short term debt 539 76 Other non current liabilities 289 200 Total Liabilities 2,328 1,066 Fixed Assets 734 326 Goodwill 73 4
Slide 30: Gensol Corporate Details
Gensol Corporate Details 29
Slide 31: Corporate Structure
Corporate Structure Gensol EV Lease Pvt. Ltd. Gensol Electric Vehicles Pvt. Ltd. Scorpius Trackers Pvt. Ltd. Promoter Holding: 63% Public Holding 37% Green Energy Trading LLC Note: Other subsidiaries include Gensol Utilities Pvt. Ltd. and Gensun Renewables Pvt. Ltd. 30
Slide 32: Walking the Talk on Core Values
Walking the Talk on Core Values Innovation Agility Respect Entrepreneurship Collaboration Think big and Be nimble and To respect, Empowering To build deep beyond by demonstrate value diverse talent to industry continuously on-time perspectives have an owner’s relationships, fostering a delivery with
Slide 33: Leadership Team
Leadership Team Anmol Singh Jaggi Puneet Singh Jaggi Chairman & Managing Director Whole Time Director ▪ Pioneer in transforming the clean energy landscape for over 15 years ▪ First Generation Entrepreneur & Clean Energy Enthusiast ▪ Leading a team of 500+ professionals providing end-to-end ▪ Have be
Slide 34: Thank You
Thank You Gensol Engineering Ltd. Empowering Future Exploring Energy Alternatives Ms. Savli Mangle Mr. Jabir Mahendi M Aga Adfactors Public Relations CFO, Gensol Engineering Ltd. savli.mangle@adfactorspr.com jabirmahendi@gensol.in investorrelations@gensol.in 33