Waaree Renewable Technologies Ltd · NSE:WAAREERTL
Waaree Renewable Technologies — Q2 & H1 FY25 Earnings Presentation
30 slides from Waaree Renewable Technologies's earnings presentation, Nov 5, 2024
Slide 1: Execution with Pace & Comfort
Execution with Pace & Comfort November 05, 2024 The Manager BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai-400001 Scrip No. 534618 Sub.: Investors / Earnings Presentation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dear Sir / M
Slide 2: Investor Presentation: Accelerating Global Energy Transition Q2 & H1 FY25
INVESTOR PRESENTATION Accelerating Global Energy Transition Q2 & H1 FY25
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Waaree Renewable Technologies Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe
Slide 4: Group Overview
WAAREE|RIL § Execution with Pace & Comfort Group Overview
Slide 5: Vertically Integrated Operations
Vertically Integrated Operations 1.82 GW Projects Commissioned 32 Years of Industry Experience ~10GW Modules produced (FY22 – Q1FY25) 13.3 GW Module Capacity & 5.4 GW Cell Capacity by FY25 Energy Storage Solutions TIER 1 Solar Module Manufacturer Green-hydrogen- electrolyser #1 Indian Module Manufac
Slide 6: Advanced Solar Solutions
Advanced Solar Solutions Solar EPC Floating Off Grid Lithium Ion Solar Thermal Modules Services Solar Inverters Batteries Solutions 01 03 05 07 09 11 02 04 06 08 10 12 Module Mounting Rooftop On Grid Energy Storage Solar Products Solar Structures Solutions Inverters Solutions Water Pump, Street Ligh
Slide 7: Marquee Clientele & Stakeholder Relationships
Marquee Clientele & Stakeholder Relationships Problem Lenders to Developers ConsultantsProblem / Owners’ Engineers Problem Suppliers • Strong relationship with a multitude of global lenders • Strong relationship with renowned consultants and • Strong relationship with diversified group of local - bo
Slide 8: Industry Overview
WAAREE|RIL § Execution with Pace & Comfort Industry Overview
Slide 9: Global Energy Transition
Global Energy Transition Projected annual Solar PV capacity additions1, GW …driven by RE – Projected Installed Capacity2, GW Net Zero For setting up of 450 GW RE + 19 GW PSP and 42 GW BESS Carbon emission commitment globally to necessitate incremental debt of ~Rs 14 lakh crore 539.6 493.9 459.2 402.
Slide 10: Supportive Government Policies Fueling Growth
Supportive Government Policies Fueling Growth India-EPC services demand across solar energy Market potential of Indian O&M in solar1 State wise solar park approved capacity (MW)2 Estimated O&M market for 3rd party (GW) 12150 Sanctioned Capacity Projects commissioned Estimated market (in Rs. Bn) 1705
Slide 11: Company Overview
WAAREE|RTL § e & Comfort Company Overview
Slide 12: Journey to Leadership in Solar EPC
Journey to Leadership in Solar EPC Waaree RTL Expands Market Presence in India 876 133% • GW Scale Project Greenko - 980 MWp 2024 • Turnkey Solutions NEEPCO - 450 MWp 351 Revenue (Rs. Cr) • MNC Customer Acciona Energy – 412 162 MWp 2022 2023 2024 2023 • AM Green - 296 MWp • DRPL Tuticorin - 153 MWp
Slide 13: Complete Solutions with Proven Experience
Complete Solutions with Proven Experience Engineering Project Systems Electrical Structural & Civil Monitoring Evacuation 01 Procurement PV Modules Inverters Structures Cables Transformers Other BOS 02 Construction Road , Drainage & Land Development Structure Control Room Evacuation of Power 03 Conn
Slide 14: Comprehensive RE EPC and O&M Expertise
Comprehensive RE EPC and O&M Expertise….. Technologically advanced end to end solar solutions Key financial metrics INR 876.50 Cr 23.64% 132.96% 16.57% FY24 Revenue FY24 EBITDA FY22-24 FY24 from Operations margin Revenue CAGR PAT Margin Utility scale solar projects Rooftop solar projects Floating So
Slide 15: …with end-to-end capabilities
…with end-to-end capabilities In House Dedicated Capabilities Installation & Power Evacuation End to End Land and Site Design Services Commissioning Capabilities Identification Adherence to Pre-Feasibility Expertise in Statuary Expert In House Design EHS and Quality Studies & Liasoning & Procurement
Slide 16: Major EPC Accomplishments
Major EPC Accomplishments 1.82 GW 1,702 MWp 50+ MW Project Commissioned Project site under (More Than 178 Project) execution Roof Top Commissioned 587+ MW 2.29 MW R&D Team O&M Portfolio of solar (3 Floating Solar In House R&D team power plant assets Projects) for New Technology Development Waaree Re
Slide 17: Large Order Book with Strong Execution
Large Order Book with Strong Execution Unexecuted orderbook has been scaled up over years (MWp)… …. With stable rate of execution Executed Order Book (MWp) Revenue from Operations (Rs. Cr) 876 2365 704 2191 1702 488 524 351 295 817 217 236 2023 2024 Q1FY25 Q2FY25 2023 2024 Q1FY25 Q2FY25 Key orders w
Slide 18: Key Ongoing Projects
Key Ongoing Projects 980 MWp Ground Mounted project at 412.5 MWp Ground Mounted project 450 MWp Ground Mounted project 295.68 MWp Ground Mounted project Pinnapuram, Andhra Pradesh at Bikaner, Rajasthan at Bikaner, Rajasthan at Kurnool, Andhra Pradesh 210 MWp Ground Mounted project 154 MWp Ground Mou
Slide 19: Future Strategy
WAAREE|RIL § Execution with Pace & Comfort Future Strategy
Slide 20: Key Strengths
Key Strengths Fast growing solar market Comprehensive Solar EPC Ability to undertake Ecosystem play within Bankable EPC provider with with massive tailwinds solutions provider with complexity, size and all the group marquee customers end-to-end capabilities renewable projects Strong parentage and th
Slide 21: Unique Propositions
Unique Propositions CUSTOMER CONNECT MARKET ACCEPTANCE NETWORK ON GROUND TRACK RECORD Strong & Proven Network with Strong Customer base of Proven Name & Quality at all stakeholders/authorities with Large Installations with Long & respected industrial Competitive rate in national more than a decade o
Slide 22: Growth Strategy - Energy Transition
Growth Strategy - Energy Transition Energy Transition Solar Parks O&M Renewable Storage Services Green Hydrogen Solar Hybrid Battery Pump Floating Rooftop Ground Mounted Achieve higher growth in the EPC segment Expand in O&M markets • Evaluating opportunities in both international and domestic marke
Slide 23: Powering Growth with Presence in Energy Ecosystem
Powering Growth wide Presence in Energy Ecosystem Waaree group’s experience in Solar translates into multiple advantages for the EPC business Emerged as a credible solar EPC player in India • Waaree Energies is present in India, Middle East, Africa, Global Access APAC, North & South America and Euro
Slide 24: Experienced Board Management
Experienced Board Management Mr. Nilesh Bhogilal Gandhi | Chairman & Non-Executive Independent Director Mr. Viren Chimanlal Doshi |Executive Director He holds a Bachelor's degree in Commerce, an LLB, and an FCA. He has over 30 years of He has been associated with our company since November 26, 2007,
Slide 25: Strong Leadership Team
Strong Leadership Team Mr. Dilip Panjwani Mr. Ravikesh Singh Chief Financial Officer Chief Operating Officer-EPC He is a qualified financial professional holding both CA and CS credentials. He has a He holds a B. Tech in Electrical Engg & Post Graduate Diploma in Business proven track record in Fina
Slide 26: Financial Highlights
WAAREE|RIL § Execution with Pace & Comfort Financial Highlights
Slide 27: Robust Financial Performance
Robust Financial Performance (Consolidated) (₹ in Cr) Revenue EBITDA & EBITDA Margin PAT & PAT Margin 20.44% 13.65% 13.69% 10.20% +133.27% +160.52% 249.50% 524.47 71.57 53.52 30.68 20.54 150.06 Q2FY24 Q2FY25 Q2FY24 Q2FY25 Q2FY24 Q2FY25 Revenue EBITDA & EBITDA Margin PAT & PAT Margin 15.80% 14.81% 10
Slide 28: Consolidated Income Statement
Consolidated Income Statement Particulars (₹ Crs) Q2FY25 Q2Y24 Y-o-Y Q1 FY25 Q-o-Q H1FY25 H1FY24 Y-o-Y Revenue from Operations 524.47 150.06 236.35 760.82 279.00 Total Revenue 524.47 150.06 249.50% 236.35 121.90% 760.82 279.00 172.70% Cost of EPC contract 442.47 114.15 185.45 627.91 225.56 Employee
Slide 29: Consolidated Balance Sheet and Cash Flow Statement
Consolidated Balance Sheet and Cash Flow Statement Particulars (₹ Cr) H1FY25 H1FY24 Shareholders' Funds 318.15 129.97 Non-Current Liabilities 49.73 46.09 Current Liabilities 635.74 250.21 Total Liabilities 1003.62 426.27 Fixed Assets 160.02 155.90 Other Non- Current Assets 2.42 1.66 Current Assets 8
Slide 30: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : Waaree Renewable Technologies Ltd. Orient Capital (a division of Link Group) CIN: L93000MH1999PLC120470 Mr. Nikunj Jain +91 9769060608 Mr. Rohit Wade [email protected] GM – Investor Relations Mr. Viral Sankle
Waaree Renewable Technologies — Q2 & H1 FY25 Earnings Presentation on 6ix