Suzlon Energy Ltd · NSE:SUZLON
Suzlon Energy — Investor Presentation (June 2026)
63 slides from Suzlon Energy's investor presentation, Jun 12, 2026
Slide 1: Investors' Meet filing letter
12th June 2026. National Stock Exchange of India Limited, BSE Limited, “Exchange Plaza”, P.J. Towers, Bandra-Kurla Complex, Bandra (East), Dalal Street, Mumbai-400051. Mumbai-400001. Dear Sirs, Sub.: Investors’ Meet. In continuation to our earlier communication in the subject matter, enclosed please
Slide 2: Industry Outlook
ndustry Outlook \e a
Slide 3: Global electricity generation has entered a structural super-cycle
Total absolute increase Global electricity generation Electricity generation CAGR per 10-year period (%) 2010-2019 2020-2029 2030-2039 in global power generation by decade has entered a structural 6 6 6 super-cycle fueled by… 5 5 5 2010-2019 4 4 +5300 TWh 4 4 4 3 3 3 3 3 2 2 2 2 2 2 0 0 2020-2029 +7
Slide 4: Structural demand drivers across major economies
…structural demand drivers Projected annual electricity growth by driver, 2025–2030 (TWh)1 Global split by driver (TWh) across major economies (esp. 225 +110-170 Data Centers ~3X jump in DC power demand by 2030 China + India) 80 70 +120-140 Transport 50 50% of new vehicle sales electric by 2035; 50M
Slide 5: Energy security is replacing climate ambition as the primary policy driver
Energy security is replacing Trajectories of China & Germany show that scaling renewables structurally #1 reduces dependence on imported energy Energy security now cited climate ambition as the primary China: Growth economy – RE contained imports below what demand growth would have implied Germany:
Slide 6: Globally wind is outpacing total power capacity growth; India opportunity
Globally wind is sustainably Global | Wind has steadily increased power capacity share to 13%; ~2X abs. capacity growth in last 5 years India | Accelerating pace of capacity addition in recent years – need for industry to sustain trajectory India | All scenarios forecast 100GW+ (avg. ~130 GW) of win
Slide 7: Wind already on track to become 100GW+ by 2030
General Consensus on avg. 130 GW Wind in India by 2030 Wind already on track to Planned supply mix for 2030 GW become 100GW+ by 2030 … 924 16 862 Optimal Generation Capacity Mix for 2030 778 49 15 686 656 63 19 15 2 2 103 330 6 307 220 293 131 121 11 76 142 164 100 15 60 57 64 16 62 19 45 12 59 290
Slide 8: Even at projected 2047 capacity, <35% of total wind potential
Wind capacity addition is expected … this will be 1/3rd of Wind Energy Potential of 1164 GW … and even at projected 2047 to reach 400 GW by 2047… Wind Energy Potential in India at 150 m hub height (in GW) capacity, accounts for <35% of 400 95 55 55 28 total wind potential +7% 174 169 123 1,164 181 2
Slide 9: Key Market Trends
Key Market Trends
Slide 10: We see 3 key trends for the industry to capitalize on
We see 3 key trends 1 2 3 for the industry to capitalize on Dispatchability is the new value driver & wind can play a critical role Wind in India faces a supply (not demand) gap; Building execution ALMM (Wind) equalizing with global frameworks – rewarding deep in lowering system LCOE capacity is a k
Slide 11: Implications on capacity planning given need for improved dispatchability
1 Solar to lead absolute capacity addition (as low cost) Need for storage (BESS + PSP) at urgent levels given Implications on capacity but growth to flatten/slow due to large surplus in solar curtailement risks – capacity addition needs solar hours ~10x ramp up planning given need for GW India annua
Slide 12: Market trends show growing role of wind in improving dispatchability
1 Market trends show growing Merchant market dynamics indicate a growing supply gap in evening/ night peaks which command a premium Wind plays a ~5x larger role than storage in filling this gap; Recent week has shown a ~50% uptick in night wind Recent tender results also price wind’s complementarity
Slide 13: Favorable profile driving acceleration in pace of wind addition
1 Favorable profile driving As we exceed 15% intermittent RE in Generation mix, continued solar heavy growth will accentuate Duck curve Forward looking solar addition pace to be capped by Wind and storage addition acceleration in pace of wind Current FY-32 Contribution to Demand (GW) addition 500 50
Slide 14: Solar+Wind+BESS Hybrid best suited for baseload with 2 peaks
1 Solar+Wind+BESS Hybrid best Sample power profile comparison of Solar+BESS and Solar+Wind+BESS suited for meeting baseload MW Similar power profile 1 discharge cycle for Solar+ BESS between 6PM -10PM req. with 2 peak scenario 300 during non-peak hours 200 whereas Solar+BESS preferred 100 for peak n
Slide 15: Share of complex constructs in tenders
1 … same reflected in share of Shift already visible through increase in share of Hybrid/RTC tenders complex constructs in tenders Allocated Capacity (GW) 80 50% 60 39% 34% 40 21% 20 0 2022 2023 2024 2025 Standalone Solar Standalone Wind Solar + ESS PV-Wind Hybrid PV-Wind-Storage Hybrid Complex Cons
Slide 16: Industry needs to ramp up execution reliability
2 Industry needs to ramp up Wind projects are running on avg. ~9 months delayed vs. ~3 months delay for Solar projects (for which few large projects running ahead of schedule) execution reliability to support 3 Months growth momentum Solar Avg. delay 9 Months Wind Avg. delay Hybrid -15 -10 -5 0 5 10
Slide 17: Wind-specific industrial-policy levers converged across India, EU, and US
3 Lever India - ALMM (Wind), Jul 2025 EU - Wind Power Package & NZIA US - IRA 45X & Section 232 Wind-specific industrial-policy National security Wind classified as critical infrastructure; data sovereignty mandate (no real-time European Wind Charter signed by 26 member states + EC commits to Sectio
Slide 18: Key themes in conversations with the Industry
We see 2 key themes in Theme 1 | Wind demand is unambiguous; Execution is the binding constraint Theme 2 | Shift toward hybrid and firm-dispatchable constructs as the new procurement norm conversations with the Industry: “We want to do far more wind than we are doing — but we are struggling “We need
Slide 19: Key considerations to capitalize on the opportunity
Key considerations to capitalize #1 #2 on the opportunity Value chain integration as the engine of market development E2E ownership required to build a competitive moat and lead the industry The market has moved from “who has the lowest turbine cost” Efficiently managing risk for the customer requir
Slide 20: Suzlon Investor Meet
Suzlon Investor Meet JUNE 2026
Slide 21: Suzlon
Suzlon 1 2 3 4 Seeded, shaped and The challenge for Suzlon innovated …growing the …delivering e2e scaled the Indian wind for… Industry and… growth wind market Tailored technology: Market-defining 33% share, 18 GW fleet Unviable technology to 1 products for Indian conditions 100x scale-up to 56 GW 1
Slide 22: Strong Performance, Stronger Momentum
Suzlon Deliveries (MW) 58% YoY Revenue (₹ Cr.) 54% YoY EBITDA (₹ Cr.) 63% YoY PAT* (₹ Cr.) 53% YoY Strong Performance Stronger Momentum 2,456 16,679 3,022 3,163 1,550 10,851 1,857 2,072 710 6,497 1,029 714 FY24 FY25 FY26 FY24 FY25 FY26 FY24 FY25 FY26 FY24 FY25 FY26 *Note: Based on Consolidated Finan
Slide 23: Market Evolution
Market 1 2 World has entered an Evolution electricity super-cycle with 2x growth by 2050 India one of the leaders with 5x growth by 2050 3 Wind complements 4 5 dispatchability and helps FDRE the new normal across E2E integrated delivery to lower system LCOE all customer segments drive scale and valu
Slide 24: Four structural market shifts powering the next growth phase
1 2 3 4 Four structural Dispatchability is the next key value driver Building execution capacity is a key unlock ALMM equalizing with global frameworks Large export opportunity in sight market shifts Wind naturally complements solar through stronger evening India requires 130+ GW of wind capacit
Slide 25: Be the best Renewable Energy Company in the world
Late Shri. Tulsi Tanti‘s Dream “Be the best Renewable Energy Company in the world” 5
Slide 26: Suzlon 2.0
Suzlon 2.0 Wind first, full-stack RE solutions company JUNE 2026
Slide 27: Suzlon 2.0: Wind first, full-stack RE solutions company (technology)
Suzlon 2.0 Wind first, RE Technologies full-stack RE solutions Suzlon 2.0 stack Suzlon 1.0 Suzlon 2.0 Wind company Renewable Energy Landscape Technology Solar “What we offer” Storage Wind EMS Strategic outcome RE Tech: Wind + Solar + Storage + RE Solutions stack © SUZLON
Slide 28: Suzlon 2.0: Value chain
Suzlon 2.0 Wind first, Suzlon 1.0 Value Chain Suzlon 2.0 full-stack RE solutions Leading Wind Player Wind First Full stack RE company Project Project Equipment Projects OMS Equipment Projects OMS Development Development Wind Wind Solar — — — — Solar Storage — — — — Storage End to End Wind Solution
Slide 29: Suzlon 2.0: Geographical expansion
Suzlon 2.0 Wind first, Geographical Expansion full-stack RE solutions Suzlon 2.0 stack Suzlon 1.0 Suzlon 2.0 company Global Wind Market South East Asia MENA Region Europe +South America + Australia Geography “Where we sell” India India Strategic outcome India + International: Global RE solutions f
Slide 30: Suzlon 2.0 stack overview
Suzlon 2.0 Wind first, Suzlon 2.0 RE stack full-stack RE solutions Suzlon 2.0 stack Suzlon 1.0 Suzlon 2.0 Strategic outcome Wind Wind Solar RE Tech: Technology company “What we offer” Wind + Solar + Storage + Storage RE Solutions stack Energy Management Solutions Wind Project Development RE DevCo
Slide 31: Suzlon 2.0 five measurable enterprise ambitions by FY31
Suzlon 2.0 aims to reshape its business by FY31 through five 25%+ 40%+ 60%+ 3+ GW 70+ GW measurable CAGR MARKET SHARE BY FY31 ORDER INTAKE PORTFOLIO enterprise ambitions Revenue IndiaGrowth Wind India Wind India Wind Co-Dev EPC Share Share Exports Exports RERE AUM AUM © SUZLON
Slide 32: Suzlon 2.0 5 Year Growth Path
Suzlon 2.0 ~2.7× ~4× ~3.9× 5 Year Growth Path DRIVER 01 RE Order Book DRIVER 02 RE Sales DRIVER 03 RE AUM FROM TO FROM TO FROM TO 5.5 GW 15 GW 2.5 GW 10 GW 18 GW 70 GW © SUZLON
Slide 33: SUZLON
SUZLON
Slide 34: Suzlon 2.0 pillars solving key industry challenges
Suzlon 2.0 pillars are centered around strong growth by solving key industry challenges © SUZLON
Slide 35: RE Tech: Integrated and Engineered Tech
One integrated stack. One technology Challenges faced by customers partner. Built for India. RE Tech Wind anchored - unmatched depth with 30 years of field WTGs not perfected for Indian conditions - real-world operations data and experience Integrated and power curve adherence is poor One integrated
Slide 36: RE DevCo: Shovel-ready projects with end-to-end site control
RE DevCo Execution bottlenecks related to site- Land, connectivity locked-in upfront. readiness Predictable delivery, every time. Shovel-ready projects >50% of land secured and early grid connectivity locked in before execution begins, lower IDC Projects routinely delayed 6–12 months due to land, wi
Slide 37: RE DevCo: Turning development bottleneck into opportunity
RE DevCo Turning India’s development bottleneck into opportunity Only player with a unique combination of capabilities creating a differentiated platform Long-term visibility Structural Land acquisition Statutory CTU/STU grid Integrated value chain Proven co-development Structural advantage takes 12
Slide 38: RE Projects: Productionized, full-stack project delivery
Slow execution speed, further challenged by need for FDRE Full EPC contract. One partner. Full RE stack. RE Projects Productionized, full-stack Wind EPC capability at scale — now extended to bundled Wind + Vendor ecosystem for RE projects is immature — reliable Solar + BESS FDRE delivery EPC partner
Slide 39: RE Projects: Wider and deeper
RE Projects Suzlon 2.0 will take it wider and deeper Expand addressable market by leveraging existing capabilities and infrastructure Faster, fully de-risked Suzlon 2.0 Efficient and economical execution turnkey delivery Technology solutions • Project management Existing Buyer universe overlap • Sub
Slide 40: RE AMS: Towards India's largest RE asset management
Complex, long-life OMS needs; Non-core to the business One AMS partner. One platform. For the full lifecycle. RE AMS OEMs may not exist for the 25-year asset life - OMS quality is not up to the mark/ Spare availability issues India's deepest wind AMS fleet — extended seamlessly to Solar and BESS Tow
Slide 41: RE AMS: Renom
RE AMS Renom Every MW sold creates locked-in • Long term OMS visibility is integral to the turbine sales • Every MW commissioned enters the annuity base Target AUM of 70+ GW revenue BESS 32 GW MBAMS • Multi-brand expertise, 14 OEMs currently in AUM Suzlon TAM • Opportunity to grow the Renom AUM sign
Slide 42: International: Massive global opportunity
International Massive global opportunity Export Opportunity in Addressable Markets Readiness Launching Blue Sky Platform with country/grid specific certifications A known name, turning What Is Driving Electricity Demand? 1,299 GW 21 Existing customer relationship with Strong demand 6+ GW installatio
Slide 43: Four integrated pillars convert Suzlon's wind depth into scalable growth
Four integrated pillars RE Tech RE DevCo RE Projects RE AMS Single point multi-Brand Wind AMS convert Suzlon's wind Wind Wind EPC scale- Time compression Predictable Project execution Lifetime AMS – Suzlon + multi-brand fleet Continue to deliver market-defining turbines Crash Project Delivery Cycle
Slide 44: RE Tech
RE Tech
Slide 45: Suzlon Technology in Brief
Suzlon We design for performance We offer an enhanced portfolio We are advancing from Wind to RE Technology and quality Developing world- beyond turbines Leveraging experience solutions Building the capabilities in Brief class technologies in India and Europe from the largest fleet in India needed f
Slide 46: Suzlon Technology R&D centers
Suzlon R&D Centers in Germany, Denmark and Netherland Technology Engineering capabilities in India R&D Centers in Europe, Detailed Engineering in Overall 400+ Professionals across 4 countries India State-of-the-art testing facilities for key components © SUZLON
Slide 47: Highlights from the Last 3 Years
Repowering Blue Sky Launch workstream started for 2 at Madrid Wind Fair Highlights from MW turbines For International S144 Best Turbine 6.17 g CO2 kWh Blue Launch S144: India’s lowest the Last 3 Years Entry into 3 MW class Award for S144 received by ‘Wind Power carbon footprint WTG Sky Monthly’ Sele
Slide 48: World Class Technology
World Class Developed in Europe – Detailed, and manufactured High efficiency balanced with competitive costs High performant rotor blades Local sourcing and a robust supply chain Engineered to minimize CO₂ emissions Engineered for grid compliance Technology High lift profile blade >80% local sourcin
Slide 49: Technical Highlights
Technical Highlights Suzlon Hybrid Park S144 HTV – Suited for Wind turbine drone Driving wind energy Our lightweight lattice towers Controller harshest climates inspection innovation Industry-leading hub heights S144 HTV (High Temperature High-resolution images of Inhouse developed of up to
Slide 50: Testing & Validation
Grid Compliance Testing & During turbine design, we perform several tests, including: testing at prototype site Validation Blade life-cycle testing We design for high Grid Compliance testing quality Generator & Converter testing Our goal is to deliver best-in-class turbines, which requires ext
Slide 51: Turbine Portfolio
175 m Turbine Portfolio 144 m 163 m 120 m Our nex t We have developed a strong portfolio generation product Our established over the past years products under development in 2-3 MW class S120 S144 S175 S163 MW Rating 2.10 MW 3.15 – 3.30 MW 5.x MW 6.x MW Hub Height 105-140 m 105-160 m 120-160 m 119-1
Slide 52: Repowering the S88
Higher AEP through Easy repowering feasibility Minimal structural modifications Repowering repowering 5% 157% review the S88 100% 5% 19% 52% 50+% AEP Tower adapter ring improvement possible S88 2.1 S88 2.1 S97 2.1 S120 2.1 S120 S120 SFS DFIG Power 2.25 Upgrade Multiple repowering options available C
Slide 53: Portfolio of Value-Added Products
Portfolio of Value-Added Products Power Predictive Fleet Services SCADA Forecasting Maintenance Suzlon provides lifelong Real-time SCADA data Weather forecast and Enhancing our turbine Historic SCADA data is service support of wind available SCADA data are merged analyzed using AI models ene
Slide 54: Suzlon 5.x MW
Suzlon 5.x MW
Slide 55: SUZLON
SUZLON
Slide 56: Suzlon 2.0 differentiates through one accountable partner
Suzlon 2.0 differentiates through one accountable Customer Value Proposition 01 Customer Value Proposition 02 Customer Value Proposition 03 One-stop shop for 100% of Lifetime service partner World-class products, customer RE needs across the RE portfolio locally tailored partner across the full Inte
Slide 57: Suzlon 2.0 will create value through full-stack leadership
Suzlon 2.0 will create VECTOR 1 Full-stack RE leadership VECTOR 2 India first, world next VECTOR 3 Customer centricity value through full-stack Strategic Wind-anchored, Solar + BESS attached • One platform: DevCo → Tech → Lead India, build selective beachheads • Reinforce India leadership position A
Slide 58: RE DevCo, RE Tech, RE Projects, RE Asset Management
RE DevCo RE Tech RE Projects RE Asset Management Shovel Ready Projects Integrated RE Solution End-to-end projects engine Lifetime annuity engine Pipeline (next 5-yr RE) 25+ GW Firm RE orderbook% 25% Co-Dev share 60% Market Share: Wind AUM (cum.) 40% Wind+Solar+ Forward Contract 3-5 yr Wind Export Re
Slide 59: Suzlon 2.0 5 Year Ambition
Suzlon 2.0 5 Year Ambition 25%+ 40%+ 60%+ 3+ GW 70+ GW CAGR MARKET SHARE BY FY31 ORDER INTAKE PORTFOLIO Revenue IndiaGrowth Wind India Wind India Wind Co-Dev EPC Share Share Exports Exports RERE AUM AUM © SUZLON
Slide 60: SUZLON
SUZLON
Slide 61: Vote of Thanks
Vote of Thanks
Slide 62: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), has been prepared by Suzlon Energy Limited (the “Company”), solely for information purposes and DOES not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form t
Slide 63: SUZLON
SUZLON