Waaree Energies Limited · NSE:WAAREEENER
Waaree Energies — Q4 FY25 Earnings Presentation
21 slides from Waaree Energies's earnings presentation, Apr 22, 2025
Slide 1: Cover letter to stock exchanges
April 22, 2025 To To The Manager, The Manager, Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Exchange Phiroze Jeejeebhoy Towers Plaza, C-1 Block G, Dalal Street, Bandra - Kurla Complex, Bandra (East) Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 544277 Tr
Slide 2: Waaree Energies Limited Q4 and FY25 Presentation
ACCELERATING GLOBAL ENERGY TRANSITION WAAREE ENERGIES LIMITED Q4 and FY25 Presentation 0
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Waaree Energies Limited (WEL) (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation, or invitation to purchase or subscribe for a
Slide 4: Agenda
A Year in Review Agenda Financial Performance and Takeaways Appendix 2
Slide 5: A Year in Review
A Year in Review 3
Slide 6: FY25 – A Transformative Year For Waaree
FY25 – A Transformative Year For Waaree ₹14,846 Cr. ~15 GW 5.4 GW Revenue Manufacturing capacity of Manufacturing capacity of solar modules cells IndoSolar ₹3,123 Cr. US Manufacturing First year of operations Operationalised in January EBITDA 2025 following acquisition. Full year profit of ₹55 Cr. I
Slide 7: Strategic Investments Powering a Diversified Green Energy Portfolio
Strategic Investments Powering a Diversified Green Energy Portfolio and Positions Us Strongly for the Next Wave of Growth Backward Integration Forward Integration Ingots, Wafers Cells Modules Power Infrastructure • EGPIPL* acquisition in progress • Existing capacity • Current capacity • Won RUMSL's
Slide 8: A Foundational Year for India, Waaree Primed for Continued Strong Growth
A Foundational Year for India, Waaree is Primed for Continued Strong Growth Backed by Policy Enablers ~25 GW • Added ~24 GW solar power capacity in FY24-25, surpassing the 100 GW milestone in India Solar Order Book Capacity January 2025. Currently stands at 105+ GW • Projected to reach 280 GW by 203
Slide 9: Demonstrable Commitment Towards Sustainability
Demonstrable Commitment Towards Sustainability – Reducing Our Carbon Footprint From Cradle to Grave Transition to Renewable Energy for Operations; Initiatives Deeply Aligned With United Nations Net Zero Scope #1 and #2 by 2030 and #3 by 2040 Sustainable Development Goals (SDGs) Gold Medal in Only In
Slide 10: Achieved Highest Ratings in 'Bankability of PV Modules'
Achieved Highest Ratings in ‘Bankability of PV Modules’ Over Last Two Decades Highest Achiever Across performance, reliability, and quality test categories, solidifying our position as the only Indian company to receive this prestigious honour Top Performer Bankability Rating “A” PVEL’s scorecard id
Slide 11: Financial Performance and Takeaways
Financial Performance and Takeaways 9
Slide 12: Robust Financial Performance
Robust Financial Performance (Consolidated) (Consolidated) (in ₹ Cr.) Q4 FY25 FY25 Revenue EBITDA* Revenue EBITDA* 16.29% 25.59% 15.56% 21.04% 116.27% 37.69% 27.62% 72.59% 4,141 1,060 14,846 3,123 3,007 11,633 1,810 490 Q4FY24 Q4FY25 Q4FY24 Q4FY25 FY24 FY25 FY24 FY25 PAT* PAT* 6.08% 15.66% 8.02% 13.
Slide 13: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement Particulars (₹ Cr.) Q4 FY25 Q4 FY24 Y-o-Y Q3 FY25 Q-o-Q FY25 FY24 Y-o-Y Revenue From Operations 4,003.94 2,935.84 3,457.29 14,444.50 11,397.61 Other Income 136.98 71.60 87.98 401.56 235.15 Total Income 4,140.92 3,007.44 37.69% 3,545.27 16.80% 14,846.06 11,632.7
Slide 14: Consolidated Balance Sheet and Cash Flow
Consolidated Balance Sheet and Cash Flow Particulars (₹ Cr.) FY25 FY24 Shareholders' Fund 9,595.28 4,148.47 Non-Current Liabilities 1,365.96 1,742.12 Current Liabilities 8,786.14 5,423.15 Total Liabilities 19,747.38 11,313.74 Fixed Assets 5,469.10 2,490.59 Other Non-Current Assets 1,121.46 810.03 Cu
Slide 15: Guidance as on April 22, 2025
Guidance as on April 22, 2025 Particulars FY26 Guidance Projecting robust year on year growth in EBITDA on the back of strong demand EBITDA (₹ Cr.) 5,500 to 6,000* realisation and operational excellence *These figures are forward-looking statements and are not guarantees of future performance and ar
Slide 16: Key Takeaways
Key Takeaways Solid Performance in FY25 • ₹14,846.06 Cr. revenue from operations in FY25 Positions Us for the Next • EBITDA of ₹3,123.20 Cr. Wave of Growth • An order book of ~₹47,000 Cr. stepping into FY26 • Identified and aligned our initiatives to SBTI and UN Sustainable Development Goals • EcoVa
Slide 17: Appendix
Appendix 15
Slide 18: Accomplished Board of Directors
Accomplished Board of Directors Dr. Hitesh Chimanlal Doshi Viren Chimanlal Doshi Hitesh Pranjivan Mehta Dr. Amit Paithankar Chairman and MD Whole Time Director Whole Time Director Whole Time Director and CEO • Founded the Group in 1990 and • Associated with the Company • Associated with the Company
Slide 19: Experienced Senior Management Team
Experienced Senior Management Team Dr. Amit Paithankar Sunil Rathi Jignesh Rathod Aditya Agarwal Anuj Sharma Whole Time Director Director, Sales Director, Operations CEO, Battery CEO, Hydrogen and CEO of Waaree • Responsible for • Responsible for • 30+ years of industry • 27+ years of industry Energ
Slide 20: Driving Growth in Broader Energy Transition Value Chain
Driving Growth in Broader Energy Transition Value Chain Waaree Energies Limited (Solar Module and Cell) 100% 96.15% 100% 100% 100% 100% 100% 74.46% Waaree Clean Waaree Sangam Solar Waaree Energies Indosolar Waaree Solar Waaree Energies Waaree Forever Energy Renewable One Private Storage Limited Amer
Slide 21: Thank You
THANK YOU Waaree Energies Limited MUFG Intime India Pvt Ltd CIN: U29248MH1990PLC059463 Ms. Pooja Swami Mr. Irfan Raeen Name – Mr. Rohit Wade +91 9860202359 +91 9773778669 Title – General Manager, Investor Relations pooja.swami@in.mpms.mufg.com irfan.raeen@in.mpms.mufg.com Email – rohitwade@waaree.co