Slide 1: Submission of Investors Presentation for Q3 and 9M FY25
Date: February 13, 2025 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
Slide 2: Q3 & 9M FY'25 Results Investor Presentation
Q3 & 9M FY’25 Results Investor Presentation Gensol Engineering Ltd. Empowering the Future Exploring Energy Alternatives 1 www.gensol.in
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 • Gensol Corporate Details 3
Slide 5: Industry Overview
Industry Overview 4
Slide 6: Tailwinds for the Renewable Energy Sector in India
Tailwinds for the Renewable Energy Sector in India Cumulative India energy capacity additions (GW) 750 India’s Renewable Energy market ● India stands 4th globally in renewable energy installed 452 capacity ● India’s Renewable energy installations have increased fivefold to 209.4 GW as of December 202
Slide 7: Solar Energy to drive Bulk of the RE transition in India
Solar Energy to drive Bulk of the RE transition in India India ranks 5th globally in terms of Installed Solar Power Share of Solar Energy in India’s total energy capacity is Capacity with huge untapped potential estimated to increase to 37% by FY30P India energy capacity (GW) R 700 CAG 750 100 750 8
Slide 8: BESS industry on the rise in India with rapid growth
BESS industry on the rise in India with rapid growth Present1 Installed BESS Required BESS Capacity ▪ As renewable energy penetration scales up, Energy Storage Capacity by FY30 Systems (“ESS”) are expected to play a critical role ▪ BESS is one of the most promising of existing energy storage technol
Slide 9: India's EV Growth & Adoption
India’s EV Growth & Adoption Key Enablers for EV Growth in India Total EV sales per annum (mn) in India ● Supportive Government Policies 10.0- 10.2 o PLI Scheme for Automotive Sector GR CA o PLI Scheme for Advanced Chemistry Cell (ACC) 38 % - Battery Storage 36 o Various State Policies for adoption
Slide 10: India's EV Leasing Growth & Adoption
India’s EV Leasing Growth Indian EV Leasing Market Size (in INR cr) & Adoption 40% - 45% Benefits of EV Leasing 7,000- 60,000- 8,000 65,000 CAGR Leasing offers tax benefits, allowing EV drivers to access substantial government incentives even without vehicle ownership FY24 FY30P Concerns regarding the
Slide 11: Business Overview
Business Overview 1 0
Slide 12: 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 The company’s track record of successful With global shifts towards sustainability, project execution underlines its reliability the solar energy market is poised for and capability in service del
Slide 13: Gensol Engineering at a Glance
Gensol Engineering at a Glance ₹ 7,0001 Cr 8,300+ Unexecuted Order Pipeline EVs on lease z 33,693 MW+ ₹ 1,527 Cr 650+ Historical foundation of Trailing Twelve Months Employees across Solar, technical advisory (TTM) total revenue Leasing and services Manufacturing 1 As of 31st December 2024 12
Slide 14: 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 15: Business Segments
Business Segments 14
Slide 16: 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 solar Amongst global solar panel Tailor-made EV leasing & fleet Contributing to urban mobility EPC firms tracking technology providers managemen
Slide 17: Solar Segment - Key Highlights
Solar Segment - Key Highlights Solar EPC (India) Solar EPC (Middle-East) Scorpius Trackers Newly incorporated subsidiary ● Strategic acquisition in FY’24 ● Won 2 projects from major PSU – ● ● Portfolio includes patented large EPC + O&M contracts worth in FY’24 tracker design, cutting-edge INR 1,061.
Slide 18: 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 “Let’sEV” ● Appoint
Slide 19: 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 20: EV Manufacturing Segment
EV Manufacturing Segment ▪ Showcased EV – Ezio & Ezibot at the Global Auto Expo New Delhi in Jan’24 ▪ Affordable, smart, urban-mobility focused electric vehicle - Proudly "Made in India" ▪ Design, size, weight and range engineered keeping in mind the urban fleet and cargo, & subsequently the urban pas
Slide 21: Launch of 'EZIO' & 'EZIBOT' At the Bharat Mobility Global Expo
Launch of ‘EZIO’ & ‘EZIBOT’ At the Bharat Mobility Global Expo Hon’ble Union Minister Shri Piyush Goyal at the Gensol EV booth The debut of our urban mobility EV variants, Ezio and Ezibot, garnered tremendous enthusiasm and interest from the community, marking a successful introduction of our innova
Slide 22: Visual Highlights of EV Manufacturing Plant
Visual Highlights of EV Manufacturing Plant ● Greenfield Made in India “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 th
Slide 23: Performance Highlights
Performance Highlights 22
Slide 24: 9M FY25 Consolidated Financial Highlights
9M FY25 Consolidated Financial Highlights Total Revenue* (₹ Cr) EBITDA* (₹ Cr) & EBITDA Margin % 246 1,056 42% 89% YoY Growth YoY Growth 743 23.3% 130 17.5% 9M FY’24 9M FY’25 9M FY’24 9M FY’25 PBT (₹ Cr & Margin %) PAT (₹ Cr & Margin %) 79 74 67 7% 34% 50 7.5% YoY Growth YoY Growth 6.4% 10.0% 6.7% 9
Slide 25: Q3 FY25 Consolidated Financial Highlights
Q3 FY25 Consolidated Financial Highlights Total Revenue* (₹ Cr) EBITDA* (₹ Cr) & EBITDA Margin % 345 30% 63 19% 266 YoY Growth 53 YoY Growth 18.3% 20.1% Q3 FY’24 Q3 FY’25 Q3 FY’24 Q3 FY’25 PBT (₹ Cr & Margin %) PAT (₹ Cr & Margin %) 23 -30% 18 6% 17 YoY Decline YoY Growth 16 8.8% 5.2% 6.5% 4.6% Q3 F
Slide 26: Segmental Consolidated Revenue Performance
Segmental Consolidated Revenue Performance Solar EV Lease Revenue (₹ Cr) & segment Margin (%) Revenue (₹ Cr) & segment Margin (%) 764 Nine Months 294 266 11% 481 59% YoY Growth YoY Growth 9M FY’24 9M FY’25 9M FY’24 9M FY’25 Revenue (₹ Cr) Revenue (₹ Cr) 263 256 91 87 35% 76 19% Quarterly 190 YoY Gro
Slide 27: 9M FY25 Standalone Financial Highlights
9M FY25 Standalone Financial Highlights Total Revenue* (₹ Cr) EBITDA* (₹ Cr & Margin %) 937 31% 75% 233 YoY Growth YoY Growth 718 24.8% 133 18.5% 9M FY’24 9M FY’25 9M FY’24 9M FY’25 PBT (₹ Cr) & PBT Margin (%) PAT (₹ Cr & Margin %) 41% 69% 123 YoY Growth 105 YoY Growth 87 13.2% 62 11.3% 12.1% 8.6% 9
Slide 28: Consolidated Income Statement
Consolidated Income Statement Particulars (₹ crores) Q3FY25 Q3FY24 YoY (%) 9M FY25 9M FY24 YoY (%) Total Revenue* 345 266 30% 1,056 743 42% EBITDA* 63 53 18% 246 130 89% Net Interest expense 40 27 152 52 Depreciation 7 3 15 4 PBT 16 23 (31%) 79 74 7% Tax (2) 6 12 25 PAT 18 17 6% 67 50 34% *Total Rev
Slide 29: Gensol Corporate Details
Gensol Corporate Details 28
Slide 30: 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: Non exhaustive list of subsidiaries 29
Slide 31: Leadership Team
Leadership Team Anmol Singh Jaggi Puneet Singh Jaggi Chairman & Managing Director Whole Time Director ▪ First Generation Entrepreneur with extensive experience in ▪ First Generation Entrepreneur & Clean Energy Enthusiast transforming the clean energy landscape for over 15 years ▪ Have been an adviso
Slide 32: Thank You
Thank You Gensol Engineering Ltd. Empowering Future Exploring Energy Alternatives Ms. Savli Mangle Mr. Ankit Jain Adfactors Public Relations CFO, Gensol Engineering Ltd. savli.mangle@adfactorspr.com ankitjain@gensol.in investorrelations@gensol.in 31