Waaree Renewable Technologies Ltd · NSE:WAAREERTL
Waaree Renewable Technologies — Q4 FY25 Earnings Presentation
31 slides from Waaree Renewable Technologies's earnings presentation, Apr 16, 2025
Slide 1: Execution with Pace & Comfort
Execution with Pace & Comfort April 16, 2025 To To The Manager The Manager BSE Limited, National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1 Block G, Dalal Street, Fort, Bandra - Kurla Complex, Bandra (East) Mumbai-400001 Mumbai - 400 051 Scrip Code: 534618 Scrip S
Slide 2: Investor Presentation: Accelerating Global Energy Transition Q4 & FY25
INVESTOR PRESENTATION Accelerating Global Energy Transition Q4 & FY25
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Waaree Renewable Technologies Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe
Slide 4: Group Overview
Group Overview
Slide 5: Vertically Integrated Operations
Vertically Integrated Operations CARE A+, Stable Credit Rating 32 Years of Industry Experience ~26.5 GW | ~50k cr. (Order Book) ~15 GW Module Capacity & 5.4 GW Cell Capacity Battery Energy Storage System TIER 1 Solar Module Manufacturer Green Hydrogen- Electrolyser manufacturing #1 Indian Module Man
Slide 6: Integrated Energy Offerings
Integrated Energy Offerings Green Hydrogen- Solar Floating Off Grid Lithium Ion O&M Services Electrolyser Modules Solar Inverters Batteries manufacturing 01 03 05 07 09 11 02 04 06 08 10 12 EPC Services Rooftop On Grid BESS Solar Products Solar Solutions Inverters Water Pump, Street Lights Partners
Slide 7: Marquee Clientele & Stakeholder Relationships
Marquee Clientele & Stakeholder Relationships Problem Lenders to Developers ConsultantsProblem / Owners’ Engineers Problem Suppliers • Strong relationship with a multitude of global lenders • Strong relationship with renowned consultants and • Strong relationship with diversified group of local - bo
Slide 8: Industry Overview
Industry Overview
Slide 9: Global Energy Transition
Global Energy Transition Projected annual Solar PV capacity additions1, GW …driven by RE – Projected Installed Capacity2, GW Net Zero For setting up of 450 GW RE + 19 GW PSP and 42 GW BESS Carbon emission commitment globally to necessitate incremental debt of ~Rs 14 lakh crore 539.6 493.9 459.2 402.
Slide 10: Indian Energy Transition
Indian Energy Transition Government targets to achieve solar power capacity of ~280GW from 100GW in FY25TD (23% CAGR over FY25–30E)1 Installed Capacity in (GW) 280 23% 36% 100 67 82 40 54 22 28 35 7 12 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 TD 2030E Estimated ground-mounted, rooftop and o
Slide 11: Supportive Government Policies Fueling Growth
Supportive Government Policies Fueling Growth India-EPC services demand across solar energy Market potential of Indian O&M in solar1 State wise solar park approved capacity (MW)2 Estimated O&M market for 3rd party (GW) 12150 Sanctioned Capacity Projects commissioned Estimated market (in Rs. Bn) 1705
Slide 12: Company Overview
WAAREE | RIL h Pace & Comfort
Slide 13: Journey to Leadership in Solar EPC
Journey to Leadership in Solar EPC Waaree RTL Expands Market Presence in India 1598 • Credit Rating upgraded: A, Stable (CARE) 115% • Ground Mounted Solar Project - 255 MWp 876 2025 • Turnkey EPC Project-105 MWp Revenue (Rs. Cr) • 40 MWh Battery Storage 351 System 162 2022 2023 2024 2025 • GW Scale
Slide 14: Complete Solutions with Proven Experience
Complete Solutions with Proven Experience Engineering Project Systems Electrical Structural & Civil Monitoring Evacuation 01 Procurement PV Modules Inverters Structures Cables Transformers Other BOS 02 Construction Road , Drainage & Land Development Structure Control Room Evacuation of Power 03 Conn
Slide 15: Comprehensive RE EPC and O&M Expertise
Comprehensive RE EPC and O&M Expertise….. Technologically advanced end to end solar solutions Key financial metrics INR 1,597.75 Cr 19.46% 114.67% 14.33% FY25 Revenue FY25 EBITDA FY22-25 FY25 from Operations margin Revenue CAGR PAT Margin Utility scale solar projects Rooftop solar projects Floating
Slide 16: …with end-to-end capabilities
…with end-to-end capabilities In House Dedicated Capabilities Installation & Power Evacuation End to End Land and Site Design Services Commissioning Capabilities Identification Adherence to Pre-Feasibility Expertise in Statuary Expert In House Design EHS and Quality Studies & Liasoning & Procurement
Slide 17: Major EPC Accomplishments
Major EPC Accomplishments 2.32 GW 3,263 MWp 58.55 MW Project Commissioned Project site under (194 Project) execution Roof Top Commissioned ~695 MW 2.29 MW R&D Team O&M Portfolio of solar (3 Floating Solar In House R&D team power plant assets Projects) for New Technology Development 16
Slide 18: Large Order Book with Strong Execution
Large Order Book with Strong Execution Unexecuted orderbook has been scaled up over years (MWp)… …. With stable rate of execution Executed Order Book (MWp) Revenue from Operations (Rs. Cr) 1524 1598 3263 2365 876 704 817 295 351 2023 2024 2025 2023 2024 2025 Key Orders Wins Engineering, Procurement
Slide 19: Key Ongoing Projects
Key Ongoing Projects 2000 MWp Ground Mounted project 980 MWp Ground Mounted project 450 MWp Ground Mounted project 412.5 MWp Ground Mounted project at Bikaner, Rajasthan at Kurnool, Andhra Pradesh at Bikaner, Rajasthan at Bikaner, Rajasthan 150 MWp Ground Mounted project at Ratlam, 100 MWp Ground Mo
Slide 20: Future Strategy
WAAREE | RIL h Pace & Comfort
Slide 21: Key Strengths
Key Strengths Fast growing solar market Comprehensive Solar EPC Ability to undertake Ecosystem play within Bankable EPC provider with with massive tailwinds solutions provider with complexity, size and all the group marquee customers end-to-end capabilities renewable projects Strong parentage and th
Slide 22: Unique Propositions
Unique Propositions CUSTOMER CONNECT MARKET ACCEPTANCE NETWORK ON GROUND TRACK RECORD Strong & Proven Network with Strong Customer base of Proven Name & Quality at all stakeholders/authorities with Large Installations with Long & respected industrial Competitive rate in national more than a decade o
Slide 23: Growth Strategy - Energy Transition
Growth Strategy - Energy Transition Energy Transition Solar Parks O&M Renewable Storage Services Green Hydrogen Solar Hybrid Battery Pump Floating Rooftop Ground Mounted Achieve higher growth in the EPC segment Expand in O&M markets • Evaluating opportunities in both international and domestic marke
Slide 24: Powering Growth with Presence in Energy Ecosystem
Powering Growth wide Presence in Energy Ecosystem Waaree group’s experience in Solar translates into multiple advantages for the EPC business Emerged as a credible solar EPC player in India • Waaree Energies is present in India, Middle East, Africa, Global Access APAC, North & South America and Euro
Slide 25: Experienced Board Management
Experienced Board Management Mr. Nilesh Bhogilal Gandhi | Chairman & Non-Executive Independent Director An accomplished professional with over three decades of experience in finance, power, and renewables, he holds a Bachelor’s in Commerce, an LLB, and is a Fellow Chartered Mr. Viren Chimanlal Doshi
Slide 26: Strong Leadership Team
Strong Leadership Team Mr. Manmohan Sharma Mr. Ravikesh Singh Chief Financial Officer Chief Operating Officer-EPC He is a Chartered Accountant with over 29 years of experience in Project Finance, He holds a B. Tech in Electrical Engg & Post Graduate Diploma in Business Accounts, Working Capital Mana
Slide 27: Financial Highlights
Financial Highlights
Slide 28: Robust Financial Performance
Robust Financial Performance (Consolidated) (₹ in Cr) Revenue EBITDA & EBITDA Margin PAT & PAT Margin 27.55% 26.51% 18.78% 19.67% +74.37% +67.79% +82.73% 476.58 126.33 93.77 273.31 75.29 51.31 Q4FY24* Q4FY25 Q4FY24* Q4FY25 Q4FY24* Q4FY25 Revenue EBITDA & EBITDA Margin PAT & PAT Margin 23.64% 19.46%
Slide 29: Consolidated Income Statement
Consolidated Income Statement Particulars (₹ Crs) Q4FY25 Q4Y24* Y-o-Y Q3FY25 Q-o-Q FY25 FY24* Y-o-Y Revenue from Operations 476.58 273.31 360.35 1597.75 876.50 Total Revenue 476.58 273.31 74.37% 360.35 32.26% 1,597.75 876.50 82.29% Cost of EPC contract 334.96 190.04 275.93 1238.80 644.90 Employee Ex
Slide 30: Consolidated Balance Sheet and Cash Flow Statement
Consolidated Balance Sheet and Cash Flow Statement Particulars (₹ Cr) FY25 FY24* Shareholders' Funds 454.95 246.53 Non-Current Liabilities 52.23 48.78 Current Liabilities 612.94 419.23 Total Equity & Liabilities 1,120.12 714.32 Fixed Assets 254.19 159.93 Other Non-Current Assets 54.42 4.05 Current A
Slide 31: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : Waaree Renewable Technologies Ltd. MUFG Intime India Private Limited CIN: L93000MH1999PLC120470 (A part of MUFG Corporate Markets, a division of MUFG Pension & Market Services) Mr. Rohit Wade GM – Investor Relations Mr.
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