Inox Green Energy Services Ltd. · NSE:INOXGREEN
Inox Green Energy Services — Q4 FY23 Earnings Presentation
22 slides from Inox Green Energy Services's earnings presentation, May 26, 2023
Slide 1: Earnings presentation filing cover letter to stock exchanges
ENERGY SERVICES LIMITED n INOX Green Energy Services Limited (Earlier known as lnox Wind Infrastructure Services Lid.) U45207GJ2012PLC070279 Corporate Office: INOXGFL Towers, Plot No.17, Tel: +91-120-6149600 1 contact@inoxgreen.com Sector-IbA, Noida-201301, Uttar Pradesh, India. Fax: +91-120-6149610
Slide 2: Q4 FY23 and FY23 Investor Update
INOX GREEN ENERGY SERVICES LIMITED Q4 FY23 AND FY23 INVESTOR UPDATE
Slide 3: Discussion Summary
DISCUSSION SUMMARY ABOUT THE GROUP AND SECTOR INOX GREEN ONE OF THE LEADING O&M SERVICE PROVIDERS TRANSITION TO ASSET LIGHT MODEL GROWTH POTENTIAL – ORGANIC & INORGANIC OPERATIONAL AND FINANCIAL HIGHLIGHTS ESG COMPLIANCE 2
Slide 4: Part of the Strong Inox GFL Group
PART OF THE STRONG INOX GFL GROUP Established businesses and market leadership across verticals The Inox GFL Group with a legacy of more than 90 years is one of the largest business groups in India. The Group is a forerunner in diversified business segments comprising specialty chemicals, fluoropoly
Slide 5: Renewable Energy Business
RENEWABLE ENERGY BUSINESS Inox Wind Energy Limited (IWEL) & Promoter Entities 72.01%* Inox Wind Limited (IWL) 100%* 56.04%* Resco Global Wind Services Pvt Ltd Inox Green Energy Services Limited (IGESL) (RGSPL) Manufacturing Infrastructure (EPC) O&M Amongst the largest WTG manufacturers End-to-en
Slide 6: Strong Revival of Wind Sector to Result in Significant Market Opportunities
STRONG REVIVAL OF WIND SECTOR TO RESULT IN SIGNIFICANT MARKET OPPORTUNITIES Higher bidding targets: GoI’s 50GW annual RE bids issue for FY24-28 period includes at least 10GW of wind as part of the target to reach 500GW of non-fossil fuel capacity by 2030 Bidding trajectory for FY24 issued by the MNR
Slide 7: Inox Green – Salient Features & Key Highlights
INOX GREEN – SALIENT FEATURES & KEY HIGHLIGHTS Dependable Subsidiary of Inox Wind Limited (IWL), and part of the Strong Inox GFL Key Metrics Sponsor Group of companies; enjoy synergistic benefits 01 02 Favorable Government push Favorable national policy support 3,144 MW* 8 states Portfolio Presence
Slide 8: IGSEL O&M Portfolio Growth
IGSEL O&M PORTFOLIO GROWTH Operating portfolio of O&M contracts (both comprehensive O&M contracts and 3,144 common infrastructure O&M contracts) has grown up to at a CAGR of ~40% since commencement of operations; 2,750 2,640 2,362 1,082 91 2022 2023 2021 2019 • * As on March ‘23. 2016 2013 Figures i
Slide 9: Key Strengths
KEY STRENGTHS 01 02 Promising growth Inox GFL Group of for the Industry Companies BE BOLD Promoted by Inox Wind Ltd; AND national Favorable NEVER policy IWL is India’s notable WTGs support; manufacturer which provides BE BORING Diversifying into Hybrid / Solar; wind energy turnkey solutions Value ad
Slide 10: Presence in All 8 Wind Resource Rich States in India – 3.14 GW
PRESENCE IN ALL 8 WIND RESOURCE RICH STATES IN INDIA – 3.14 GW* Rajasthan: 560 MW Madhya Pradesh: 632 MW Dangri: 560 MW Jaora: 170 MW Kukru: 28 MW Lahori: 190 MW Nipaniya: 244 MW Gujarat: 1,328 MW Dayapar: 496 MW Mahidad: 94 MW Rojmal: 5534 MW Sadla: 146 MW Savarkundla: 58 MW Maharashtra: 196 MW And
Slide 11: Transitioning to an Asset Light Model with Minimal Capex
TRANSITIONING TO AN ASSET LIGHT MODEL WITH MINIMAL CAPEX The Company is focusing on developing its O&M business which are long term contracts with steady cashflows and reducing & monetizing investments in the wind power assets OPERATIONS AND MAINTENANCE (O&M) INFRASTRUCTURE (EPC) Long-term O&M servi
Slide 12: Poised for Organic and Inorganic Growth
POISED FOR ORGANIC AND INORGANIC GROWTH Inorganic Growth 12,946 OEM Wise Market Share (MW) The O&M business of inactive players provide a 9,793 significant opportunity for the Company for Inorganic 6,982 Growth; 3,196 Leverage on both our and our group’s existing customer 3,144* 2,004 base & relatio
Slide 13: IGESL – Growth Strategy Going Forward
IGESL – GROWTH STRATEGY GOING FORWARD A. Organic Growth: The execution of orders by Inox Wind shall lead to a firm addition to the existing O&M fleet of ~ 3GW. Pricing Reset: Pricing of O & M contracts be it shared services or comprehensive are reset at the time of renewal of O & M contracts t
Slide 14: Operational and Financial Highlights
OPERATIONAL AND FINANCIAL HIGHLIGHTS 13
Slide 15: Operational Highlights
OPERATIONAL HIGHLIGHTS The Company has successfully completed its’ IPO in the month of November, 2022 and raised Rs. 740 crs (Rs. 370 crs primary and Rs. 370 crs secondary to Inox Wind). The company has utilized Rs. 330 crs from the proceeds of the IPO to deleverage its balance sheet. The 50 MW Nani
Slide 16: Financial Highlights
FINANCIAL HIGHLIGHTS Rs. Crs. Revenue and Revenue Break up: Quarter ended Year ended Revenue and EBITDA compared to corresponding quarter : Particulars 31 March 2023 31 March 2022 31 March 2023 31 March 2022 Total revenue of Rs. 59 Crs in Q4 FY23 against revenue of Rs. 45 Crs in Revenue from O&M 49.
Slide 17: Financial Highlights – Audited Consolidated Income Statement
FINANCIAL HIGHLIGHTS – AUDITED CONSOLIDED INCOME STATEMENT Inox Green Energy Services Limited Statement of Consolidated Audited Financial Results For Quarter and Year Ended 31 March 2023 Rs. Lakhs Quarter Ended Year Ended Particulars 31-03-2023 31-12-2022 31-03-2022 31-03-2023 31.03.2022 Income a) R
Slide 18: Financial Highlights – Audited Consolidated Balance Sheet
FINANCIAL HIGHLIGHTS – AUDITED CONSOLIDED BALANCE SHEET Rs. Lakhs As at As at As at As at Particulars 31-Mar-23 31-Mar-22 Particulars 31-Mar-23 31-Mar (Audited) (Audited) (Audited) (Audited) Assets EQUITY AND LIABILITIES (1) Non-current assets (1) Equity (a) Property, Plant and Equipment 1,08,495 95
Slide 19: ESG Compliance
ESG COMPLIANCE 18
Slide 20: Inox Green - ESG Framework
INOX GREEN - ESG FRAMEWORK Business Responsibility & Sustainability Global Reporting Initiative Standard Reporting Policy Structure & Certifications • Environment & Energy as part of IMS Environment • ISO 14001:2015:- Environment Management System • ISO 45001:2018:- Occupational Health & Safety • Gu
Slide 21: Green House Gas Emission – Current Status
GREEN HOUSE GAS EMISSION – CURRENT STATUS Sources of Emissions Total Scope 1 Emissions Scope 1: Use of diesel 1009 tones CO2 equivalent Total Scope 2 Emissions Scope 2: Purchased electricity 93 tones CO2 equivalent Scope 3: Purchased goods and services, capital goods, fuel and energy related Total S
Slide 22: Thank You
THANK YOU Manish Garg Contact No: 0120 6149600 Email : Investors.iwl@inoxwind.com
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