Suzlon Energy Ltd · NSE:SUZLON
Suzlon Energy — Q4 FY24 Earnings Presentation
26 slides from Suzlon Energy's earnings presentation, May 24, 2024
Slide 1: Suzlon Energy Limited Investor Presentation Q4 FY24
Suzlon Energy Limited Investor Presentation Q4, FY24 24th May 2024 Suvarda Wind Farm, Gujarat, India 1
Slide 2: 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 securi
Slide 3: Industry Outlook, Suzlon Strengths, Financial Performance
INDUSTRY OUTLOOK SUZLON STRENGTHS FINANCIAL PERFORMANCE Suvarda Wind Farm, Gujarat, India 3
Slide 4: Renewable Energy growth to be driven by Wind & Solar
Renewable Energy growth to be driven by Wind & Solar Installed power generation capacity mix (GW) 500 GW of non-fossil fuel energy capacity by 2030 Hydro Solar, Fossil 78 (10%) 293 (38%) Fuel 1 bn Fossil Fuel 277 50% tonnes Hydro 243 (55%) (35%) renewables reduction 52 (12%) in the in carbon energy
Slide 5: Favorable market conditions for Indian wind industry
Favorable market conditions for Indian wind industry Strong domestic demand outlook Key demand drivers 1. Onshore wind potential: 695 GW (120m HH) and 1,164 GW (150m HH) 4th 122 GW 2. Wind bids with state specific sub-bids and pooling* of tariff Largest wind market Wind energy in India in the world
Slide 6: Industry Outlook, Suzlon Strengths, Financial Performance
INDUSTRY OUTLOOK SUZLON STRENGTHS FINANCIAL PERFORMANCE Suvarda Wind Farm, Gujarat, India 6
Slide 7: Suzlon's strengths
Suzlon’s strengths 20.7 GW* 32% Global installed Wind Cumulative market energy capacity share in India 6,200+ Own WTG Technology & in-house R&D, well established Global workforce product portfolio *Includes installed capacity of 14.7 GW in India As on 31st Mar 2024 7
Slide 8: Suzlon's strengths
Suzlon’s strengths No.1 OEM in India’s Renewable Sector End-to-end Pan India Technology service provider presence leadership Best-in-class Strong customer 29 Years service capabilities relationship track record Strong presence across value chain & customer segments As on 31st Mar 2024 8
Slide 9: Key clientele among marquee customers globally
Key clientele among marquee customers globally And many more customers….. 9
Slide 10: Geographically diversified manufacturing base
Geographically diversified manufacturing base Best-in-class manufacturing capability Vertically integrated low-cost supply chain Manufacturing locations across India* India manufacturing Sufficient & flexible manufacturing capacity ~3,1501 MW capacity to cater to the market India’s windy states Othe
Slide 11: S144: Production ramp-up in full swing
S144: Production ramp-up in full swing Major Updates: • Requisite certifications and RLMM listing in place • Deliveries started in Q3 FY24 and commissioning started in Q4 FY24 • More than 2.8 GW of firm orders making it the turbine of choice for Indian customers Suzlon Wind Farm, Gondal • Production
Slide 12: Overview of India OMS capabilities
Overview of India OMS capabilities Key Numbers Presence in all windy states in India Installed base as on 14.7 GW+ 9,800+ USD 10 Bn 31st Mar 2024 of 14.7 GW+ Installed base Turbines Assets under management 2.3 GW Rajasthan 0.5 GW Madhya Pradesh 1,900+ 94 3,500+ Customers Sites Team 4.1 GW Gujarat 32
Slide 13: Wind Order Book
Wind Order Book WTG model mix* Project segment mix* Wind Order Book (in MW) 3,331 Captive/C S144 2,929 58% &I/Retail 83% S133 Central & State 42% 1% S120 2,290 Auctions… 16% 1,613 1,433 Scope mix* State mix* MP GJ 652 3% 14% KA TN Non 31% 9% EPC 66% MH EPC** 12% RJ AP Mar'23 Jun'23 Sep'23 Dec'23 Mar
Slide 14: Management Profile
Management Profile Vinod Tanti Girish Tanti JP Chalasani Himanshu Mody Rajendra Mehta Bernhard Telgmann Chairman and Vice Chairman Group CEO Group CFO Group CHRO CTO Managing Director Tulsi Tanti Founder, Late Chairman and Managing Director Sandeep Chowdhury Vivek Srivastava Ishwar C Mangal Sairam P
Slide 15: Awards and Recognition FY24
Awards and Recognition FY24 GWEC GWEC Board Great Place to HURUN India ET CFO Awards Felicitated our Suzlon Group's Girish Work, Institute Axis Bank’s Burgundy Himanshu Mody wins Founder and late Tanti elected to Vice- Suzlon Energy Ltd Private and Hurun’s the Turnaround CFO CMD, Shri Tulsi Tanti Ch
Slide 16: Financial Performance
INDUSTRY OUTLOOK SUZLON STRENGTHS FINANCIAL PERFORMANCE 16 Suzlon Wind Farm, Hallett, Australia
Slide 17: Highlights of the Performance
Highlights of the Performance ✓ Remarkable year with a standout performance across financial and operational parameters ✓ Highest consolidated EBITDA and PAT before exceptional items in 7 years ✓ Largest ever order book of 3.3 GW ✓ Revenue of INR 6,497 crores in FY24; INR 2,179 crores in Q4 FY24 ✓ E
Slide 18: Turnaround…
Turnaround… (₹ Cr.) Revenue EBITDA 6,520 6,497 5,947 1,029 889 832 534 2,933 3,295 -860 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 Gross Debt PAT (before exceptional items) 714 13,137 167 6,859 6,391 -249 1,905 -705 110 -2,626 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 Note: Consolidat
Slide 19: WTG Division – Key Performance Indicators
WTG Division – Key Performance Indicators Wind capacity additions in India (in GW) Installations by Suzlon (in GW) Suzlon Market Share 5.6 Introduction of Growth phase after Covid impact 32% 29% 36% 16% 5% 42% 22% 27% E-reverse auction in Feb’17 years of stagnation 1.8 3.3 2.1 2.2 2.3 0.9 1.6 1.5 0.
Slide 20: OMS India Division - Key Performance Indicators
OMS India Division1 - Key Performance Indicators Revenue & EBITDA trend (Rs. in Cr.) Installed Capacity Base (GW) 14.7 Revenue EBITDA EBITDA % 1,798 13.9 1,668 1,499 1,566 13.4 1,436 12.8 12.9 46.9% 45.5% 47.3% 42.9% 40.1% 673 682 741 715 721 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 Key Str
Slide 21: SE Forge (Foundry & Forging) – Key Performance Indicators
SE Forge (Foundry & Forging) – Key Performance Indicators Operating Revenue & EBITDA trend (Rs in Cr.) Revenue (Rs in Cr.) Suzlon Others Suzlon share Op. Revenue EBITDA EBITDA % 0% 6% 16% 18% 36% 477 472 483 432 477 472 482 432 33417.8% 16.6% 15.7% 0 77 86 334 175 11.9% 20 8.8% 432 400 386 79 76 314
Slide 22: Consolidated Income Statement
Consolidated Income Statement (₹ Cr.) Q4 FY24 Q3 FY24 Q4 FY23 FY24 FY23 Particulars Unaudited Unaudited Unaudited Audited Audited Net Volumes (MW) 273 170 182 710 664 Net Revenue 2,179 1,553 1,690 6,497 5,947 Contribution 732 565 526 2348 1,965 Contribution Margin 33.6% 36.4% 31.1% 36.1% 33.0% Emplo
Slide 23: Consolidated Balance Sheet
Consolidated Balance Sheet (₹ Cr.) Mar-24 Mar-23 Particulars Audited Audited Equity & Liabilities Net Worth 3,920 1,099 Borrowings (non-current and current) 110 1,905 Non-current Liabilities 200 206 Current Liabilities 2,948 2,313 Total equity and liabilities 7,179 5,523 Assets Non-current Assets 1,
Slide 24: Glossary
Glossary 1. AEP – Annual Energy Production 17. LCoE – Levelized Cost of Energy 2. BOP – Balance of Plant 18. MNRE – Ministry of New And Renewable Energy 3. BESS – Battery Energy Storage System 19. MT – Metric Ton 4. C&I – Commercial and Industrial 20. MW – Megawatt 5. CEA - Central Electricity Autho
Slide 25: References
References https://www.seci.co.in/ https://cea.nic.in/ https://mnre.gov.in/ https://niwe.res.in/ https://powermin.gov.in/ https://www.mercomindia.com/ http://www.cercind.gov.in/ https://gwec.net/globalwindreport2023/ https://gwec.net/india-wind-energy-market-outlook-2023-2027-report/ https://www.cri
Slide 26: Thank You!
Thank You! Email contact for queries: investorrelations@suzlon.com Suzlon Wind Farm, Weltur, Maharashtra 26