Premier Energies Limited · NSE:PREMIERENE
Premier Energies — Q4 FY2025 Earnings Presentation
38 slides from Premier Energies's earnings presentation, May 17, 2025
Slide 1: Cover letter to stock exchanges
Ref: PEL 16/ 2025-26 Date: May 17, May 2025 To To The Secretary The Manager, BSE Limited Listing Department Phiroze Jeejeebhoy Towers, National Stock Exchange of India Limited Dalal Street, Exchange Plaza, C-1, G Block, Bandra-Kurla Mumbai - 400001 Complex, Bandra (East), Mumbai – 400 051 Scrip Code
Slide 2: Q4 FY 2025 & FY 2025 Results Earnings Call
PREMIER ENERGIES LIMITED Q4 FY 2025 & FY 2025 Results Earnings Call 17 May 2025
Slide 3: Disclaimer
About Us Disclaimer This presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairn
Slide 4: Key highlights
About Us Key highlights FY 2025 results Strong capital base Target annual capacity by FY 2028 Revenue Cells Modules 66,521 INR Mn Total Debt / Equity 10 GW 11GW EBITDA 0.69 Ingots and wafers Aluminum frames 19,142 INR Mn Cash flow from operations 10 GW 36,000 MT PAT 13,480 INR Mn Battery storage cel
Slide 5: Agenda
AG E N DA 01 About Us 02 Industry Highlights 03 Business Updates 04 Financial Performance 05 Sustainability and ESG 4
Slide 6: About Us
ABOUT US
Slide 7: 30 years of solar manufacturing excellence
About Us 30 years of solar manufacturing excellence IPO Fresh capital Capacity raise of INR expansion 12.9 Bn Equity investment First cell line INR 1.8 Bn by First GEF Capital module line Incorporation Capacity: Capacity: Capacity: Capacity: Capacity: Cell 75 MW Cell 500 MW Cell 750 MW Cells 2,000 M
Slide 8: Leading Indian manufacturer of cells and modules
About Us Leading Indian manufacturer of cells and modules Mono-PERC → TOPCon One of the first Indian companies to 30 years of successful manufacturing track technology upgradation underway manufacture cells record ALMM, DCR and BIS compliant, meeting all Nearly 100% market share in solar cell Top Pe
Slide 9: Mission 2028
About Us Mission 2028 To become India’s leading provider of cleantech solutions with an integrated solar module manufacturing capacity of 10 GW Consolidate market position, Entry into allied products and Backward integration upgrade technology services Solar inverters Aluminium frames BESS solutions
Slide 10: Industry Highlights
Premier Energies INDUSTRY HIGHLIGHTS
Slide 11: Growing demand in India and worldwide
Industry Highlights Growing demand in India and worldwide Solar PV installed capacity, GW Power generation capacity addition in India from FY 2025-2032, GW 886 Biomass Coal 5 42 Nuclear Wind 12 609 76 Large Hydro 15 392 432 321 306 255 253 GW 204 204 175 168 163 138 137 131 118 113 102 96 94 94 90 8
Slide 12: Complex upstream manufacturing value chain
Industry Highlights Complex upstream manufacturing value chain Polysilicon Ingot Wafer Cell Module Technology complexity Capex intensity China market share India self- sufficiency Policy support Source: Internal research Low Medium High 11
Slide 13: Strong policy tailwinds for solar sector
Industry Highlights Strong policy tailwinds for solar sector Demand-side support Supply-side support Renewable Purchase Obligation Solar park scheme RPO target for DISCOMs and bulk users rising from 29.9% in 37.7 GW land and transmission infrastructure for project FY 2025 to 43.3% in FY 2030 develop
Slide 14: Attractive growth prospects for solar manufacturing
Industry Highlights Attractive growth prospects for solar manufacturing Policy support measures Solar capacity addition in India, GW DC Production Linked Incentives 35 INR 240 Bn incentives for 48.3 GW integrated capacity Import Duties 30 BCD of 40% on modules, 25% on cells 25 ALMM 20 Enlisting requ
Slide 15: Strong demand visibility for DCR modules
Industry Highlights Strong demand visibility for DCR modules ALMM-cell applicable to ALMM-cell applicable to ALMM-cell already applicable projects completed from projects auctioned from 9 June 2026 onwards Dec 2024 onwards PM-Surya Ghar PM-KUSUM CPSU Corporate rooftop Utility scale solar Yojana Yoja
Slide 16: Key sector developments
Industry Highlights Key sector developments Boost to PM-Surya Ghar Yojana The Union Budget 2025 increased allocation for the flagship rooftop solar scheme by 80% to INR 200 Bn to accelerate execution with a target of completing 3 million installations in the year New Impetus for Manufacturing In the
Slide 17: Evolution in solar cell technology
Industry Highlights Evolution in solar cell technology Solar cell technology market share 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 2023 2024 2025E 2026E 2027E 2028E 2029E 20230E PERC TOPCon HJT xBC Thin film Source: Infolink Consulting 16
Slide 18: Business Updates
BUSINESS UPDATES 17
Slide 19: Module manufacturing capacity plans
About Us Module manufacturing capacity plans Ingots Wafers Cells Modules Current 2.0 GW 5.1 GW capacity Ongoing 2.0 GW 6.4 GW 6.0 GW projects COD by June 2026 COD by June 2026 COD by March 2026 Future 10.0 GW 8.0 GW 1.6 GW expansion COD by FY 2028 COD by FY 2028 COD by FY28 Note: The ongoing cell an
Slide 20: Other growth initiatives
About Us Other growth initiatives BESS cell-to-pack and Solar inverters Aluminium frames EPC container solutions 12 GWh capacity 3 GW capacity 36,000 MT capacity Ground-mounted, rooftop, solar pump COD by FY 2028 COD by FY 2026 COD by FY 2027 and BESS projects 19
Slide 21: Other business updates
Business Updates Other business updates Technology Partnership Rating Upgrade Aluminium Frames Wafer Manufacturing Partnership with Rena, Long-term facilities revised to JV with Nuevosol for 36,000 JV with Taiwan-based Sino- Germany for process A-/ Positive from BBB+/ Stable MT/ year Aluminium frame
Slide 22: Other business updates
Other business updates Selected by the Government of India to support a landmark USD 17 Mn India – Sri Lanka clean energy initiative • 5,000 rooftop solar systems for religious institutions across Sri Lanka • 25 MW solar capacity • 37 million kWh power generation annually 21
Slide 23: Certifications, awards and accreditations
Business Updates Certifications, awards and accreditations 2025 2024 2024 2024 Star labelling Environmental Recognized among Best in industry in the certification with 4-Star responsibility initiatives India’s 500 most energy, oil & gas sector rating of the year valuable companies 2023 2023 2022 202
Slide 24: Order book
Business Updates Order book As on 31 March 2025 Split by value Order book, INR Mn EPC, 0.6% Cell, 5,303 27% 31,204 84,456 MW Module, 73% 69,461 -16,208 Split by geography Export 1% 84,456 INR Mn Domestic Dec' 24 Volume New Mar' 25 99% Order book sold bookings Order book 23
Slide 25: Robust risk mitigation
Financial Performance Robust risk mitigation Technology obsolescence Key input costs investment in new lines, tie-ups with hedging to protect leading partners from volatility in prices Prudent Low demand Change in law and import duties diversification across Industry specific pass down to customers
Slide 26: Financial Performance
FINANCIAL PERFORMANCE 25
Slide 27: Operational performance and revenues
Financial Performance Operational performance and revenues Capacity utilisation Quarterly revenue, INR Mn Annual revenue, INR Mn +48% YOY CAGR 113.2% Cells Module -4% QOQ +110% YOY 96% 95% 66,521 17,494 16,803 68% 74% 75% 11,385 60% 31,713 14,632 Q4 FY 2024 Q3 FY 2025 Q4 FY 2025 Q4 FY Q3 FY Q4 FY FY
Slide 28: Profitability
Financial Performance Profitability Quarterly Op. EBITDA Annual Op. EBITDA Quarterly PAT Annual PAT INR Mn INR Mn INR Mn INR Mn +186% YOY CAGR 377% +167% YOY +3% QOQ +273% YOY +9% QOQ +305% YOY 14.1% 6,500 30.0% 32.6% 25,000 27.3% 30.0% 3,500 16.5% 12,000 17.5% 30.0% 12.0% 5,500 5,135 5,285 14.6% 2,
Slide 29: Revenue mix
28 Financial Performance Revenue mix Revenue mix by geography Revenue mix by business 4% 4% 3% 64% 71% 74% 96% 97% 94% 33% 25% 23% 4% 3% 6% Q4 FY 2024 Q3 FY 2025 Q4 FY 2025 Q4 FY 2024 Q3 FY 2025 Q4 FY 2025 Domestic sales Exports Cell Module Others 28
Slide 30: Other financial indicators
Financial Performance Other financial indicators Net debt, INR Mn Net Working Capital, Days Total D-E 9,627 100 0.69 88 90 83 FYE 2025 80 72 70 60 50 40 Net Debt/EBITDA - 30 4,971 -0.52 20 - 10 9,919 - FYE 2025 Q4 FY Q3 FY Q4 FY FY 2023 FY 2024 FY 2025 2024 2025 2025 Note: Net debt equals total debt
Slide 31: Consolidated P&L
Financial Performance Consolidated P&L Amounts, INR Mn Q4 FY25 Q4 FY24 Y-O-Y Q3 FY25 Q-O-Q FY25 FY24 Y-O-Y Revenue from Operations 16,208.35 11265.87 43.87% 17,133.23 -5.40% 65,187.45 31,437.93 107.35% Other Income 594.88 119.62 397.31% 360.58 63.45% 1,333.41 275.18 382.56% Total Income 16,803.23 11
Slide 32: Consolidated Balance Sheet & Cash Flows Statements
Consolidated Balance Sheet & Cash Flows Statements Amounts, INR Mn FYE 2025 FYE 2024 Shareholders' Funds 28,221.06 6,598.85 Non-Current Liabilities 12,358.61 10,083.34 Current Liabilities 27,834.35 18,859.06 Total Liabilities 68,414.02 35,541.25 PPE (Including intangible assets and CWIP) 12,203.28 1
Slide 33: Sustainability and ESG
S U S TA I N A B I L I T Y A N D E S G 32
Slide 34: Sustainability goals
Sustainability and ESG Sustainability goals Adoption of UN Sustainable Development Goals (7/17) 33
Slide 35: Sustainability goals
Sustainability and ESG Sustainability goals 34% Zero Liquid Discharge Avoided emission Certified Great Place to Female employees Recycle 75% of water 49.7 MMTCO2e in FY Work for the fourth year on shop floor Reuse 80% of water 2025 by supply of in a row recycled modules 25% Total green jobs: 6,006 W
Slide 36: Sustainability goals
Sustainability and ESG Sustainability goals India’s only LEED gold Zero waste to land fill Adopted 9.74 acres for greenbelt rated solar manufacturing development in agreement with facility certification by US Traceable and audited state authority Green Building Council sourcing GHG emission accounti
Slide 37: Empowering communities
Sustainability and ESG Empowering communities In partnership with Rotary Club Pediatric Neurology and Diagnostic Centre equipment Epilepsy Centre at Nizam and specialized room for Institute of Medical Swarg Vatika Trust, an NGO Sciences Electrification of 405 homes 45 kW rooftop solar in Kondareddyp
Slide 38: Thank you!
Thank you! PREMIER ENERGIES LIMITED CIN: U40106TG1995PLC019909 Corporate office Production facilities 8th floor, Orbit Tower 1, Sy. No. 83/1, Plot No. 8/B/1&2, E-City, (Fab City) Maheshwaram Hyderabad Knowledge City, TSIIC, Mandal, Raviryala Village, Ranga Reddy District, Raidurgam, Hyderabad- 50008