Suzlon Energy Ltd · NSE:SUZLON
Suzlon Energy — Q3 FY2023 Earnings Presentation
24 slides from Suzlon Energy's earnings presentation, Feb 9, 2023
Slide 1: Suzlon Energy Limited Investor Presentation Q3 FY 2022-23
Suzlon Energy Limited Investor Presentation Q3 - FY 2022-23 9th February 2023 Suzlon Wind Farm, Jaisalmer, Rajasthan
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 secu
Slide 3: Industry Outlook
Industry Outlook Suzlon Strengths Financial Performance Suzlon Wind Farm, Dhule, Maharashtra 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 (GW) 500 GW of 817 non-fossil fuel energy capacity by 140 2030 50% 1 bn tonnes renewables in reduction in carbon 280 the energy mix by 2030 emissions by 2030 410 Panchamrit Wind 42 76 Solar 63 Hydro 52 45% reduc
Slide 5: Strong Policy Push – 8 GW p.a. wind project bids till 2030
Strong Policy Push – 8 GW p.a. wind projects bids to be invited till 2030* 1 India will annually invite bids for 8 GW wind projects during 2023-2030 2 E-reverse bidding discontinued, new bids to be on a single stage two envelope closed bids 3 Every bid will be composite bid comprising state specific
Slide 6: Opportunities: Favorable market conditions & strong demand outlook
Opportunities: Favorable market conditions & strong demand outlook ✓ Installable wind power potential in India - 695 GW at 120m hub height (NIWE estimates) ✓ Yearly installation ~12 GW of wind capacity required to reach the target of 140 GW by 2030 ✓ MNRE to invite bids for 8 GW wind projects p.a. d
Slide 7: Suzlon Strengths
Industry Outlook Suzlon Strengths Financial Performance Suzlon Wind Farm, Dhule, Maharashtra 7
Slide 8: Suzlon Strengths
Suzlon Strengths 19.7 GW 17 Countries Installed Wind Energy Presence Capacity 5,800+ ~33% Global Workforce Cumulative Market Share in India As on 31st December 2022 8
Slide 9: 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 27 Years Service Customer Track Record Capabilities Relationship Strong presence across value chain & customer segments 9
Slide 10: Suzlon's Global Presence (19.7 GW)
Suzlon’s Global Presence (19.7 GW) 2 5 2 1 North 6 America 3 1 2.78 GW 4 Asia 3 5 14.72 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 Installed turbines as on 31st December 2022 10
Slide 11: Key clientele among marquee customers globally
Key clientele among marquee customers globally And many more customers….. 11
Slide 12: Geographically diversified manufacturing base
Geographically diversified manufacturing base Best-in-class manufacturing capability Vertically integrated low-cost supply chain Manufacturing locations across India Sufficient & flexible manufacturing capacity to cater to the market India Manufacturing Capacity ~3,1501 MW Nacelle and Hub Transforme
Slide 13: Product Optimized for Higher Energy Output
Product Optimized for Higher Energy Output +15% AEP +43%/49% AEP Rotor Diameter Rotor Diameter 144m 120m Rotor Diameter 111m Hub Height 140/160m Hub Height Hub Height 120m 140m S111-120 (2.1 MW) S120-140 (2.1 MW) S144-140/160 (3.x MW) Consistent Reduction of Levelised Cost of Energy (LCoE) 13
Slide 14: Overview of asset management capabilities
Overview of asset management capabilities Overview of Global OMS Presence in all windy states in India ~16.0* GW+/ Installed base as on 3,400+ 14 Countries 31st December 2022 of 13.8 GW 2.3 GW 0.5 GW Rajasthan Madhya Pradesh 1,900+ USD 12 Bn 3.3 GW Gujarat 111 Sites 10,300+ 2.1 GW Maharashtra 0.3 GW
Slide 15: Wind Order Book
Wind Order Book Particulars Capacity (MW) Central Auctions 409.5 State Auctions 56.7 Captive/Retail/PSUs 315.8 Wind Firm Order Book as on 31st December 2022 782.0 Strong order pipeline under advanced discussion 15
Slide 16: Management Profile
Management Profile Tulsi Tanti Founder, Late Chairman and Managing Director Vinod Tanti Girish Tanti Ashwani Kumar Himanshu Mody Bernhard Telgmann Ishwar C Mangal Chairman and Vice Chairman Group CEO Group CFO CTO CEO Global OMS Managing Director • Over 27 years experience • Brings over three • More
Slide 17: Financial Performance
Industry Outlook Suzlon Strengths Financial Performance Suzlon Wind Farm, Dhule, Maharashtra 17
Slide 18: Transformation…
Transformation… Volumes (in MW) Revenue (Rs Crs)** 808 6,520 4,078 4,257 471 482 2,933 3,295 204 59 FY20 FY21 FY22 9MFY22* 9MFY23* FY20 FY21 FY22 9MFY22* 9MFY23* EBITDA (Pre-Fx) (Rs Crs)** Net Finance Cost (Rs Crs)** 829 1,340 636 605 539 976 712 540 321 FY20 FY21 FY22 9MFY22* 9MFY23* FY20 FY21 FY22
Slide 19: Substantial improvement in financial parameters
Substantial improvement in financial parameters Net Worth (Rs Crs)** Net Debt (Rs Crs)** 340 13,003 FY20 FY21 FY22 31-12-22* 6,373 5,796 -3,343 -3,526 2,035 FY20 FY21 FY22 31-12-22* -10,983 Net Debt/EBITDA (Pre-Fx) Ratio** Net Interest Coverage Ratio** 14.0x 11.8x 2.0x 1.9x 12.0x 10.0x 1.5x 8.0x 7.0
Slide 20: Highlights of Financial Performance
Highlights of Financial Performance ✓ Net worth has turned positive after more than 9 years ✓ Substantial debt reduction leading to a stronger balance sheet ✓ Highest quarterly PAT (before exceptional items) of Rs 78 Cr. in more than 5 years ✓ Significant reduction in finance costs for Q3FY23 and 9M
Slide 21: Consolidated Income Statement
Consolidated Income Statement (₹ Cr.) Q3 FY23 Q2 FY23 Q3 FY22 9M FY23 9M FY22 FY22 Particulars Unaudited Unaudited Unaudited Unaudited Unaudited Audited Net Volumes (MW) 170 162 200 482 471 808 Net Revenue 1,449 1,430 1,597 4,257 4,078 6,520 Contribution 492 511 501 1,439 1,410 1,877 Contribution Ma
Slide 22: Consolidated Balance Sheet
Consolidated Balance Sheet (₹ Cr.) Dec-22 Sept-22 Mar-22 Dec-21 Particulars Unaudited Unaudited Audited Unaudited Equity & Liabilities Net Worth 340 -313 -3,526 -3,322 Non-controlling interests -42 -41 -36 -34 Borrowings (non-current and current) 2,512 3,150 6,391 6,523 Non-current Liabilities 212 2
Slide 23: Glossary
Glossary 1. BESS - Battery Energy Storage System 11. NIWE - National Institute of Wind Energy 2. C&I – Commercial and Industrial 12. OEM - Original Equipment Manufacturer 3. CEA - Central Electricity Authority 13. OMS – Operations and Maintenance Services 4. EBITDA – Earnings before Interest, Tax, 1
Slide 24: Thank You!
Thank You! Suzlon Wind Farm, Sankaneri, Tamil Nadu Contact for Investor Relations: Mr. Punit Dave Phone: +91 20 67022347 | E-mail: investorrelations@suzlon.com 24