Suzlon Energy Ltd · NSE:SUZLON
Suzlon Energy — Q1 FY2023 Earnings Presentation
25 slides from Suzlon Energy's earnings presentation, Aug 10, 2022
Slide 1: Suzlon Energy Limited Investor Presentation Q1 FY 2022-23
Suzlon Energy Limited Investor Presentation Q1, FY 2022-23 10th August 2022
Slide 2: Financial Performance, Industry Outlook, Suzlon Strengths, Detailed Financials
Financial Performance Industry Outlook Suzlon Strengths Detailed Financials 2
Slide 3: Robust Financial Performance
Robust Financial Performance Volume (MW) Revenue (₹ Crs) EBITDA (₹ Crs) +30% +21% +39% 151 1,378 214 1,135 116 154 Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 FY22: 808 MW FY22: Rs 6,520 Crs FY22: Rs 889 Crs Strong Y-o-Y Volume and Profitability Growth 3
Slide 4: Highlights of Financial Performance
Highlights of Financial Performance ✓ Highest Q1 revenue since FY19 with strong volume and EBITDA growth ✓ Significant improvement in EBITDA – Q1 FY23 EBITDA up by 39% on Y-o-Y basis ✓ Part of commodity price impact passed on to customer to minimize margin pressure ✓ Maintained strong control over f
Slide 5: Q1 FY23 Consolidated Financial Metrics
Q1 FY23 Consolidated Financial Metrics (₹ Cr.) Q1 FY23 Q1 FY22 Particulars Unaudited Unaudited Net Volumes (MW) 151 116 ✓ Improvement in Y-o-Y performance Net Revenue 1,378 1,135 on all KPIs – volumes, revenue and EBITDA Contribution 436 436 Contribution Margin 31.7% 38.4% ✓ EBITDA increased by ~39%
Slide 6: Consolidated Balance Sheet Metrics (as on 30th June 2022)
Consolidated Balance Sheet Metrics (as on 30th June 2022) (₹ Cr.) Particulars Jun-22* Mar-22^ Equity & Liabilities Shareholders’ Fund -653 -3,562 Borrowings (non-current and current) 3,272 6,391 ✓ Significant improvement in net Non-current Liabilities worth pursuant to conversion of 210 210 financia
Slide 7: Wind Order Book (As on 30th June 2022)
Wind Order Book (As on 30th June 2022) Capacity Particulars Remarks (MW) Central Auctions 367.5 The order book comprises of orders from marquee customers such as Adani group, State Auctions 56.7 Apraava Energy (formerly known as CLP India), etc. Captive/Retail/PSUs 268.2 Wind Firm Order Book 692.4 S
Slide 8: Financial Performance, Industry Outlook, Suzlon Strengths, Detailed Financials
Financial Performance Industry Outlook Suzlon Strengths Detailed Financials 8
Slide 9: Opportunities: Favorable Market Conditions
Opportunities: Favorable Market Conditions ✓ India’s Renewable Energy target of 500 GW by 2030 ✓ Energy security is top priority – encouraging policies to boost market growth ✓ New demand from large industries, green fuel producers and e-mobility ✓ Auction activity gaining momentum with high focus o
Slide 10: Renewable Energy growth to be driven by Wind & Solar
Renewable Energy growth to be driven by Wind & Solar Target Wind Capacity for 2030 to Drivers for volume growth result in huge market expansion (capacity numbers in GW) GoI Targets till FY 2030: • 500 GW Renewable Capacities 817 • Power supplied to grid from Renewables to reach 40% 140 • Positive im
Slide 11: Major Policy Updates
Major Policy Updates Central Government / MNRE level • Flexibility for Thermal Hydro Power Stations in bundling Renewable Energy and Storage Power • Target for replacement of Thermal Energy of about 30,000 MW with Renewable Energy by 2025-26 • Third parties nominated for calling the under Revised RE
Slide 12: Financial Performance, Industry Outlook, Suzlon Strengths, Detailed Financials
Financial Performance Industry Outlook Suzlon Strengths Detailed Financials 12
Slide 13: Suzlon Strengths
Suzlon Strengths 19.4 GW 17 Countries Installed Wind Energy Presence Capacity 5,500+ ~33% Global Workforce Cumulative Market Share in India As on 30th June’22 13
Slide 14: 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 14
Slide 15: Suzlon's Global Presence (19.4 GW)
Suzlon’s Global Presence (19.4 GW) 2 5 2 1 North 6 America 3 1 2.78 GW 4 Asia 3 5 14.40 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 15 Installed turbines as on 30st Jun 2022
Slide 16: Key clientele among marquee customers globally
Key clientele among marquee customers globally 16
Slide 17: Technology driven solutions
Technology driven solutions Technology Locations • Development & Integration Hamburg • Certification Hamburg Rostock Germany • Development & Integration Rostock • Design & Product Engineering • Innovation & Strategic Research The Hengelo • Blade Design and Integration Netherlands Hengelo Pune • Desi
Slide 18: 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 19: 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) 19
Slide 20: Overview of asset management capabilities
Overview of asset management capabilities Overview of Global OMS Presence in all windy states in India 15.9* GW+ / 3,300+ 8 Countries 1,900+ USD 12 Bn 2.1 GW 3.3 GW 0.5 GW 191 Sites 9,600+ 2.1 GW • ~33% - All India installed wind capacity • ~15% - All India installed renewable capacity 1.2 GW 1.8 GW
Slide 21: Financial Performance, Industry Outlook, Suzlon Strengths, Detailed Financials
Financial Performance Industry Outlook Suzlon Strengths Detailed Financials 21
Slide 22: Consolidated Income Statement
Consolidated Income Statement (₹ Cr.) Q1 FY23 Q1 FY22 Q4 FY22 FY22 Particulars Unaudited Audited Audited Audited Net Volumes (MW) 151 116 336 808 Net Revenue 1,378 1,135 2,442 6,520 Contribution 436 436 467 1,877 Contribution Margin 31.7% 38.4% 19.1% 28.8% Employee Expenses 142 122 131 545 Other Exp
Slide 23: 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 24: 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 25: Thank You!
Thank You! Email contact for queries: 25 investorrelations@suzlon.com