Sterling And Wilson Renewable Energy Limited · NSE:SWSOLAR
Sterling And Wilson Renewable Energy — Sterling and Wilson Solar — Q4 FY21 Earnings Presentation
20 slides from Sterling And Wilson Renewable Energy's earnings presentation, Jun 30, 2021
Slide 1: Exchange filing cover letter for investor presentation
June 30, 2021 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street Bandra Kurla Complex Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scrip Code: 542760 Symbol: SWSOLAR Sub.: Investor presentation on the Audited Consolidated and Standalone Fin
Slide 2: Investor Presentation Q4 and FY21
STERLING STERLING AND AND WILSON WILSON SOLAR SOLAR LIMITED LIMITED Analyst Presentation InvestorQ4 and FY21 Presentation Noor Abu Dhabi - World’s Largest Single Location Solar Project 30th June 2021 November 2019
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Sterling and Wilson Solar Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for
Slide 4: Contents
Contents 1 Key Highlights 3 2 Order book 4 3 Financials 8 4 Other Matters 16 2
Slide 5: Key Highlights for FY21
Key Highlights for FY21 Robust order book ✓ FY21 order inflow of Rs 7,936 crore (1.97 GW) is higher by 72% as compared to restated FY20 order book (after exclusion of non- contracted projects) ✓ 8.1 GW contracted O&M as at 31st March 2021 ✓ Gross Unexecuted Order Value (UOV) as at 30th June 2021 is
Slide 6: Geographical diversification
Geographical diversification FY19 FY20 FY21 EPC + O&M Revenue break-up by geography 19 Projects 18 Projects 17 Projects 10 Countries 9 Countries 9 Countries INR 8,241 INR 5,575 INR 5,078 crore crore crore Orders booked by geography INR 7,856 crore Unexecuted Order Value (UOV) break-up by geography I
Slide 7: Unexecuted Order Value (UOV) Movement
Unexecuted Order Value (UOV) Movement INR Crore [EPC Revenue] +7,936 +435 -4,825 Gross UOV as on 30th June 2021 (before adjusting revenue post 31th March 2021) -5,815 * 11,396 +221 # 9,127 # 9,348 INR 9,348 crore UOV as on Orders in Other Projects Exclusion of UOV as on New Orders UOV as on 31 Mar F
Slide 8: Order Inflow – April to March 2021 and till date
Order Inflow – April to March 2021 and till date Country MW INR. Crore India 380 280 United States of America 405 1,618 Chile 192 882 Australia 759 4,226 Egypt 230 930 April to March 2021 (a) 1,966 7,936 Apr 2021 onwards India 338 221 Apr 2021 onwards (b) 338 221 TOTAL 2,304 8,157 INR 9,348 UOV as a
Slide 9: O&M Business – Key Highlights
O&M Business – Key Highlights INR Crore Revenue from O&M Operations Key Highlights O&M revenue increased by 37% in GW of solar power FY21compared to FY20 8.1 projects with active O&M constitutes 4.9% of revenue in service contracts FY21 compared to 3.3% in FY20 O&M EBIT margins stood at 39.5%
Slide 10: Consolidated Profit & Loss – Q4 and FY21
Consolidated Profit & Loss – Q4 and FY21 INR Crore Q4FY21 Q4FY20 FY21 FY20 Key Highlights Revenue from Operations 1,365 2,061 5,081 5,575 Revenue lower in FY21 compared to FY20 due to lower revenue in Q4 on account of Gross Margin (242) 253 83 715 COVID-19, a prime subcontractor going bankrupt in
Slide 11: Module price movement
Module price movement Module price trends (price in USD per Wp) Key Highlights There has been an unprecedent increase in the module prices since Jan 2021 0.256 The global Solar EPC industry has been impacted with several module manufacturers refusing to honour past price contracts given the shar
Slide 12: Commodity and freight price movement
Commodity and freight price movement Metal price trends Freight price trends 10
Slide 13: Other Comprehensive income – FY21
Other Comprehensive income – FY21 Derivative contracts The Group has taken forward contracts (including cross currency hedge) to hedge the exposure of currency fluctuation in respect of receivable from customers, trade payables and letter of credit The AUD-INR derivative contracts were taken for
Slide 14: Consolidated Balance Sheet
Consolidated Balance Sheet INR Crore Mar-21 Mar 20 Key Highlights Sources of Funds Source of Funds Shareholders Funds 658 1,073 Borrowings from Banks 468 1,224 Shareholders funds decreased on account of loss for the year and negative OCI Total 1,126 2,297 on effective portion of derivative contrac
Slide 15: Analysis of receivables > 1 year as at March 2021
Analysis of receivables > 1 year as at March 2021 Mix of receivables > 1 year as at Mar 2021 – Rs 431 crore Comments Key receivables outstanding for more than 1 year of Rs 431 crore as at March 2021 comprise - Matter under NCLT - Net Receivables is Rs 62 crore (after ECL provision of Rs 31 cr) - A
Slide 16: Consolidated Cashflow
Consolidated Cashflow INR Crore FY21 FY20 Key Highlights Profit before tax (340) 398 Cash flow from Operations Adjustments for noncash / other items 118 (24) Cash flow from Operations continue to remain positive Operating profit before working capital changes (222) 375 Working Capital Adjustments
Slide 17: External Debt and Intercompany Deposit movement post listing
External Debt and Intercompany Deposit movement post listing INR Crore Term Debt Intercompany Deposit (ICDs) Note: the above table excludes interest • Repayment timelines - September 2021 • Term debt reduced by Rs 2,437 crore from the date of • Collected Rs 162 crore post 31 March 2021 listing till
Slide 18: 'Material Uncertainty Related to Going Concern' - comments of Auditors removed for FY21
‘Material Uncertainty Related to Going Concern’ - comments of Auditors removed for FY21 Facts Audit procedures performed Conclusion On 11 March 2020, the World Health Organisation In view of the significance of the matter the auditors The auditors comments on “Material Uncertainty Related decl
Slide 19: IL&FS Receivables assured by Embassy Energy as part of Embassy REIT
IL&FS Receivables assured by Embassy Energy as part of Embassy REIT Facts Claims Status Management assessment The Company had entered into a contract for a 100 MW During the year ended 31 March 2020, the Company The Company has sought legal opinion regarding the AC Photovoltaic plant in the st
Slide 20: Thank You
THANK YOU For further information, please contact: Company : Investor Relations Advisors : Sterling and Wilson Solar Limited Strategic Growth Advisors Private Limited CIN: U74999MH2017PLC292281 CIN: U74140MH2010PTC204285 Mr Vishal Jain Mr Jigar Kavaiya / Mr. Parin Narichania Head – Investor Relation
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