Inox Wind Ltd. · NSE:INOXWIND
Inox Wind — Q1 FY23 Earnings Presentation
24 slides from Inox Wind's earnings presentation, Aug 12, 2022
Slide 1: Earnings Presentation filing letter to stock exchanges
INOX Wind Limited Greening l N B lA Corporate Office: INOX Towers, Plot No. 17, Tel: +91-120-6149600 1 contact@inoxwind.com ClN : L31901HP2009PLC031083 Sector-I 6A, Noida-201301, Uttar Pradesh, India. Fax: +91-120-6149610 1 www.inoxwind.com IWL: NOI: 210 : 2022 1 2 t h August, 2022 The Secretary The
Slide 2: Inox Wind Limited Q1 FY23 Investor Update
INOX WIND LIMITED Q1 FY 23 INVESTOR UPDATE
Slide 3: Discussion Summary
DISCUSSION SUMMARY OPERATIONAL HIGHLIGHTS STRATEGIC INITIATIVES GROUP STRUCTURE & BUSINESS OVERVIEW WIND POWER INDUSTRY Actual image ORDER BOOK & MANUFACTURING of 3.3 MW WTG erected CAPACITY at our Gujarat site WIND O&M BUSINESS FINANCIAL HIGHLIGHTS 2
Slide 4: Operational Highlights
WIND OPERATIONAL HIGHLIGHTS
Slide 5: Operational Highlights
OPERATIONAL HIGHLIGHTS Key Highlights: The Company has erected its first 3.3 MW WTG successfully in Gujarat for which trial runs are ongoing and post the testing and certification, serial supplies will commence given the supply chain is already in place. We believe the 3.3 MW WTG will be a game
Slide 6: Operational Highlights....
OPERATIONAL HIGHLIGHTS.... Key Highlights: As a part of strategic initiatives for monetisation of O & M business: • the EPC business has been hived off by way of slump sale from IWL’s subsidiary Inox Green Energy Services Limited – IGESL (formerly Inox Wind Infrastructure Services Limited – IWISL)
Slide 7: Strategic Initiatives - A. Monetization of Assets and Making Wind Business Net Debt Free
STRATEGIC INITIATIVES - A. MONETIZATION OF ASSETS AND MAKING WIND BUSINESS NET DEBT FREE Initiated process for monetization of O&M business: Hived off EPC business from IGESL to another subsidiary of IWL Monetization IGESL to remain a pure O & M company of O&M IGESL has already filed DRHP wi
Slide 8: Strategic Initiatives - B. Product Mix and Product Launch
STRATEGIC INITIATIVES - B. PRODUCT MIX AND PRODUCT LAUNCH Aiming to mitigate the EPC related risks by preferring for equipment Product Mix supply contracts over turn key contracts. and EPC More options to the customers: 2 MW & 3.3 MW turbines. Actual image of 3.3 MW WTG erected First 3.3 WTG h
Slide 9: Group Structure & Business Overview
GROUP STRUCTURE & BUSINESS OVERVIEW 8
Slide 10: 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 11: Inox Wind, Its Holding Company & Subsidiaries
INOX WIND, IT’S HOLDING COMPANY & SUBSIDIARIES Inox Wind Energy Limited (IWEL) Promoter Entities 54.71%* Inox Wind Limited (IWL) 17.53%* 100%* 93.84%* Resco Global Wind Services Pvt Ltd Inox Green Energy Services Limited (RGSPL) (IGESL) Manufacturing Infrastructure (EPC) O&M Amongst the largest WT
Slide 12: Wind Power Industry – Witnessing Strong Revival
WIND POWER INDUSTRY – WITNESSING STRONG REVIVAL 11
Slide 13: Wind Sector: Gaining Strength
WIND SECTOR : GAINING STRENGTH Wind Power - Auctions Wind Power - Installations A uc t io n P e rio d V o lum e ( M W) Y e arly V o lum e s ( M W) SECI 1– SECI 3 Feb’ 17 – M ar’18 4050M W State A uctio ns Feb’ 17 – M ar’18 1500M W F Y 18 : 5 55 0 M W SECI 4 Apr-18 2000M W NTP C Aug-18 1200M W SECI 5
Slide 14: Significant Market Opportunities Opening for IWL
SIGNIFICANT MARKET OPPORTUNITIES OPENING FOR IWL There is a major thrust on renewables across the globe. A key takeaway from the Russia-Ukraine war, is that countries across the globe are working on energy security (uninterrupted availability of energy sources at an affordable price) and see renewa
Slide 15: Significant Market Opportunities Opening for IWL
SIGNIFICANT MARKET OPPORTUNITIES OPENING FOR IWL Leading Indian companies like Adani, TATA, JSW, Reliance, Renew and Sembcorp amongst others, have announced ambitious plans for setting up RE capacity over the next few years. They have cumulatively announced setting up RE capacity in excess of 200
Slide 16: IWL – Order Book & Manufacturing Capacity
IWL – ORDER BOOK & MANUFACTURING CAPACITY 15
Slide 17: Strong Order Book for IWL
STRONG ORDER BOOK FOR IWL Particulars Capacity MW Auction based order book 1300 Others 154 Supplied (490) Net order book (A) 964 LOI for 3.3 MW from Adani (B) 501.6 Inox Wind order Book = 1300 MW Agreement signed with leading 23.1 MNC IPP for 3.3 MW ( C) Order from Continuum 126 Supplied (126) NTPC
Slide 18: Manufacturing Capacity
MANUFACTURING CAPACITY CURRENT CAPACITY (MW) Una, Barwani, Rohika, Plant Location Himachal Madhya Total Gujarat Pradesh Pradesh Nacelles & Hubs 1,100 - - 1,100 Blades - 800 800 1,600 Towers - 300 300 600 Well positioned to take advantage of the growing market. Potential to debottleneck our nacel
Slide 19: Wind O&M Business – Emerging into a Growth Driver
WIND O&M BUSINESS – EMERGING INTO A GROWTH DRIVER 18
Slide 20: O&M Business – Consistent Growth
O&M BUSINESS* – CONSISTENT GROWTH Established business with multiple years of operating history. Long term agreements in place with revenue visibility with inbuilt fixed escalation in contracts. O&M revenues are noncyclical in nature and have steady cash flow generation. Order book of IWL pr
Slide 21: IWL – Consolidated Financial Highlights
IWL – CONSOLIDATED FINANCIAL HIGHLIGHTS 20
Slide 22: Financials – Consolidated P&L Statement
FINANCIALS – CONSOLIDATED P&L STATEMENT Revenue and EBITDA compared to preceding quarter : Revenue Growth Q1 FY23 V. Q4 FY22 250 (in Rs. Crs) • Total revenue of Rs. 236* Crs Q1 FY23 against 200 Increase of revenue of Rs. 184** Crs in Q4 FY22 71% 150 100 • EBITDA loss of Rs. (25) Crs in Q1 FY 23 ag
Slide 23: Financial Highlights Consolidated Un-audited Income Statement
FINANCIAL HIGHLIGHTS CONSOLIDED UN-AUDITED INCOME STATEMENT Quarter Ended Year Ended Particulars 30.06.2022 31.03.2022 30.06.2021 31.03.2022 Income a) Revenue from operation (net of taxes) 21,062 13,740 16,936 62,462 b) Other Income 238 4,652 145 8,352 Total Income from operations (net) 21,300 18,39
Slide 24: Thank You
THANK YOU Jitendra Mohananey Group Financial Controller Contact No: 0120 6149600 Email : Investors.iwl@inoxwind.com 23