Suzlon Energy Ltd · NSE:SUZLON
Suzlon Energy — Q2 FY2023 Earnings Presentation
27 slides from Suzlon Energy's earnings presentation, Nov 10, 2022
Slide 1: Exchange cover letter: Suzlon announces Q2 FY23 Results
10th November 2022. 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.: Suzlon announces Q2 FY23 Results. In continuation to our letters of even date, enclosed please f
Slide 2: Q2FY23 Results Conference Call invitation
is pleased to invite you to the Q2FY23 Results Conference Call of Suzlon Energy Limited Represented by \ Mr. Ashwani Kumar, Chief Executive Officer Mr. Himanshu Mody, Chief Financial Officer on Friday, November 11, 2022 at 09:00 hrs India Time Universal Access: +91 22 6280 1144 / +91 22 7115 8045 To
Slide 3: Suzlon Energy Limited Investor Presentation Q2 FY 2022-23
Suzlon Energy Limited Investor Presentation Q2, FY 2022-23 10th November 2022
Slide 4: Disclaimer
Disclaimer • This presentation and the accompanying slides (the “Presentation”), which have been prepared by Suzlon Energy Limited (the “Company”), have been prepared solely for information purposes and DOES not constitute any offer, recommendation or invitation to purchase or subscribe for any secu
Slide 5: Industry Outlook, Suzlon Strengths, Financial Performance
Industry Outlook Suzlon Strengths Financial Performance Detailed Financials 3
Slide 6: Renewable Energy growth to be driven by Wind & Solar
Renewable Energy growth to be driven by Wind & Solar 500 GW of non-fossil fuels energy capacity by 2030 50% 1 bn tonnes renewables reduction in in the energy carbon mix by 2030 emissions by 2030 Panchamrit 45% reduction in emissions Net zero by intensity of 2070 the economy by 2030 Source: Central E
Slide 7: Opportunities: Favorable Market Conditions
Opportunities: Favorable Market Conditions ✓ India’s Renewable Energy target of 500 GW by 2030 out of which 140 GW is Wind. ✓ MNRE has in-principle agreed to discontinue E-reverse auctions for wind power projects ✓ MNRE’s draft policy estimates a Wind re-powering potential of 25.4 GW ✓ New demand fr
Slide 8: Renewable Energy growth to be driven by Wind & Solar
Renewable Energy growth to be driven by Wind & Solar Drivers for volume growth Target Wind Capacity for 2030 to GoI Targets till FY 2030: result in huge market expansion • 500 GW Renewable Capacities (capacity numbers in GW) • Green Hydrogen Policy targeting production of 5 MT p.a. • Power supplied
Slide 9: Industry Outlook, Suzlon Strengths, Financial Performance
Industry Outlook Suzlon Strengths Financial Performance Detailed Financials 7
Slide 10: Suzlon Strengths
Suzlon Strengths 19.5 GW 17 Countries Installed Wind Energy Presence Capacity 5,500+ ~33% Global Workforce Cumulative Market Share in India As on 30th Sept’22 8
Slide 11: Suzlon's Strengths in Indian Wind Energy Market
Suzlon’s Strengths in Indian Wind Energy Market No.1 OEM in India’s Renewable Sector End-to-end Pan India Technology Service Presence Leadership Provider Best-in-class Strong Customer 27 Years Track Service Relationship Record Capabilities Strong presence across value chain & customer segments 9
Slide 12: Suzlon's Global Presence (19.5 GW)
Suzlon’s Global Presence (19.5 GW) 2 5 2 1 North 6 America 3 1 2.78 GW 4 Asia 3 5 14.50 GW South America Europe 0.81 GW 0.51 GW 4 South Australia Africa 0.76 GW 0.14 GW 6 Suzlon’s strong relationships across regions positions it well 10 Installed turbines as on 30st Sept 2022
Slide 13: Key clientele among marquee customers globally
Key clientele among marquee customers globally 11
Slide 14: Geographically diversified manufacturing base
Geographically diversified manufacturing base Best-in-class manufacturing capability Vertically integrated low cost supply chain 20+ manufacturing locations across India Sufficient & flexible manufacturing capacity to cater the market India Manufacturing Capacity ~3,1501 MW Nacelle and Hub Transform
Slide 15: Product Optimised for Higher Energy Output
Product Optimised for Higher Energy Output +15% AEP +45% AEP Rotor Diameter Rotor Diameter 144m 120m Rotor Diameter 111m Hub Height 160m Hub Height Hub Height 120m 140m S111-120 (2.1 MW) S120-140 (2.1 MW) S144-160 (3.x MW) Consistent Reduction of Levelised Cost of Energy (LCoE) 14
Slide 16: Overview of asset management capabilities
Overview of asset management capabilities Overview of Global OMS Presence in all windy states in India 16.1* GW+ / 3,300+ 13 Countries 1,900+ USD 12 Bn 2.2 GW 10,500+ 3.3 GW 0.5 GW 194 Sites 2.1 GW • ~33% - All India installed wind capacity • Impact of clean energy: 1.2 GW 1.8 GW = ~ 4.18 Bn trees a
Slide 17: Wind Order Book
Wind Order Book Particulars Capacity (MW) Central Auctions 417.9 State Auctions 56.7 Captive/Retail/PSUs 284.6 Wind Firm Order Book as on Sept 30, 2022 759.2 Orders announced post Q2 193.2 Strong order pipeline under advanced discussion 12
Slide 18: Industry Outlook, Suzlon Strengths, Financial Performance
Industry Outlook Suzlon Strengths Financial Performance Detailed Financials 16
Slide 19: Transformation over 30 months
Transformation over 30 months… Volume (in MW) Revenue (Rs Crs) 808 6,520 2,933 3,295 312 2,482 2,808 271 204 59 FY20 FY21 FY22 H1FY22 H1FY23 FY20 FY21 FY22 H1FY22 H1FY23 EBITDA (Rs Crs) Net Debt (Rs Crs) 828 13,003 539 392 393 6,373 5,796 2,723 2,139 FY20 FY21 FY22 H1FY22 H1FY23 -423 FY20 FY21 FY22
Slide 20: Highlights of Financial Performance
Highlights of Financial Performance ✓ Highest Q2 revenue since FY19 with strong volume growth ✓ Improvement in EBITDA – Q2 FY23 EBITDA up by 8% on Y-o-Y basis ✓ Part of commodity price impact passed on to customer to minimize margin pressure ✓ Maintained strong control over fixed costs despite of in
Slide 21: Q2 FY23 Consolidated Financial Metrics
Q2 FY23 Consolidated Financial Metrics (₹ Cr.) Q2 FY23 Q2 FY22 Particulars Unaudited Unaudited Net Volumes (MW) 162 155 Net Revenue 1,430 1,347 ✓ Improvement on all KPIs on Y-o-Y Contribution 511 472 basis Contribution Margin 35.7% 35.1% Employee Expenses 153 152 ✓ Maintaining healthy margins despit
Slide 22: Consolidated Balance Sheet Metrics (as on 30th Sept 2022)
Consolidated Balance Sheet Metrics (as on 30th Sept 2022) (₹ Cr.) Particulars Sep-22* Mar-22^ Equity & Liabilities ✓ Significant improvement in net Shareholders’ Fund -354 -3,562 worth pursuant to conversion of financial instruments Borrowings (non-current and current) 3,150 6,391 Non-current Liabil
Slide 23: Industry Outlook, Suzlon Strengths, Financial Performance
Industry Outlook Suzlon Strengths Financial Performance Detailed Financials 21
Slide 24: Consolidated Income Statement
Consolidated Income Statement (₹ Cr.) Q2 FY23 Q1 FY23 Q2 FY22 H1 FY23 H1 FY22 FY22 Particulars Unaudited Unaudited Unaudited Unaudited Unaudited Audited Net Volumes (MW) 162 151 155 312 271 808 Net Revenue 1,430 1,378 1,347 2,808 2,482 6520 Contribution 511 436 472 947 909 1877 Contribution Margin 3
Slide 25: Consolidated Balance Sheet
Consolidated Balance Sheet (₹ Cr.) Liabilities Sept-22 Mar-22 Assets Sept-22 Mar-22 Shareholders' Fund -313 -3,526 Non Current Assets Non controlling interest -41 -36 Property, plant and equipment 740 774 -354 -3,562 Right-of-use assets 111 134 Non-Current Liabilities Capital work-in-progress 32 15
Slide 26: Glossary
Glossary 1. MW – Megawatt 11. MNRE – Ministry of Renewable Energy 2. GW – Gigawatt 12. RE – Renewable Energy 3. Y-o-Y – Year on Year 13. SCoD – Scheduled Commissioning Date 4. EBITDA – Earnings before Interest Depreciation 14. OEM – Original Equipment Manufacturer Tax and Amortizations 15. WTG – Win
Slide 27: Thank You!
Thank You! Email contact for queries: 25 investorrelations@suzlon.com