Inox Wind Ltd. · NSE:INOXWIND
Inox Wind — Investor Presentation (February 2016)
22 slides from Inox Wind's investor presentation, February 2016
Slide 1: Inox Wind Limited Investor Presentation February 2016
INOX WIND LIMITED INVESTOR PRESENTATION FEBRUARY 2016
Slide 2: Disclaimer
DISCLAIMER This prese tatio a d the followi g dis ussio a o tai forward looki g state e ts I o Wind Li ited IWL or the Co pa that are ot histori al i ature. These forward looki g state e ts, whi h a i lude state e ts relati g to future state of affairs, results of operations, financial condition, bu
Slide 3: Discussion Summary – Investment Thesis
DISCUSSION SUMMARY – Investment Thesis • INOX GROUP OVERVIEW • INOX WIND - BUSINESS OVERVIEW • ATTRACTIVE GROWTH PROSPECTS FOR WIND POWER • REGULATORY IMPETUS DRIVING GROWTH • IWL TECHNOLOGY PARTNERS • MANUFACTURING CAPACITY • IWL - COMPETITIVE ADVANTAGE • PIPELINE OF PROJECTS • ORDER BOOK UPDATE •
Slide 4: Inox Group Overview – Blue Chip Conglomerate
INOX GROUP OVERVIEW – Blue Chip Conglomerate Strong legacy of more than 80 years. Diversified businesses across industrial gases, engineering plastics, refrigerants, chemicals, cryogenic engineering, renewable energy and entertainment sectors More than 8,000 employees at more than 100 business
Slide 5: Inox Wind – India's Leading Wind Solutions Provider
INOX WIND – India’s Leading Wind Solutions Provider • Incorporated in April 2009, amongst I dia s largest WTG manufacturers providing turnkey solutions for building wind farm projects across India • Access to WTG technology from AMSC GmbH, Austria BUSINESS • Manufacturing capacity of 1,600 MW OVERVI
Slide 6: Attractive Growth Prospects for Wind Power
ATTRACTIVE GROWTH PROSPECTS FOR WIND POWER GOVERNMENT TARGET- 23 GW TO 60 GW By 2022 CONSISTENT WIND CAPACITY ADDITIONS (In GW) Target Installed Wind Capacity (GW) 35 30.9 30 3.6 60 3.1 25 2.3 2.1 20 1.7 14.9 3.2 15 23 10 5 0 Current 2022 FY11 FY12 FY13 FY14 FY15 FY16E FY17E FY18E Wind capacity addi
Slide 7: Regulatory Impetus Driving Growth
REGULATORY IMPETUS DRIVING GROWTH Wind Power projects Attractive Accelerated Depreciation Generation Based Incentive as CSR Preferential Tariffs • Brings back SME, on balance sheet • Improved viability and funding of • Strengthens demand from PSUs • Significant boost to IPP demand and captive demand
Slide 8: IWL Technology Partners
IWL TECHNOLOGY PARTNERS • Exclusive and perpetual license from AMSC for manufacturing 2MW ECS in India. • AMSC is amongst the leading technology companies in the wind energy space. Globally, more than 9,300 WTGs and over 15 GW of aggregate production capacity installed globally is based on AMSC tech
Slide 9: Manufacturing Capacity - 1,600 MW by FY16
MANUFACTURING CAPACITY- 1,600 MW by FY16 CURRENT CAPACITY (WTGs) PROPOSED CAPACITY POST EXPANSION (WTGs) Una, Barwani, Una, Barwani, Rohika, Rohika, Plant Location Himachal Madhya Total Plant Location Himachal Madhya Total Gujarat Gujarat Pradesh Pradesh Pradesh Pradesh Nacelles & Hubs 550 - - 550 N
Slide 10: Manufacturing Capacity - 1,600 MW by FY16
MANUFACTURING CAPACITY- 1,600 MW by FY16 The Blade plant in Madhya Pradesh has commenced operations 10
Slide 11: IWL - Competitive Advantage: End to End Turnkey Solutions
IWL - COMPETITIVE ADVANTAGE ABILITY TO PROVIDE END TO END TURNKEY SOLUTIONS Support for all Engineering, Post Wind Farm Power Infrastructure Operation and Government Procurement & Commissioning Identification Evacuation Development Maintenance Approvals Construction Support • Identification of • Stu
Slide 12: IWL - Competitive Advantage: Efficient Cost Structure
IWL - COMPETITIVE ADVANTAGE EFFICIENT COST STRUCTURE Technology • Reduces research and development expenses Tie - ups • Ensures access to sophisticated technology and design to manufacture high quality WTGs Effective Supply • Strong, efficient and economical supply chain, with atleast 2 approved ven
Slide 13: Current Pipeline of Project Sites
CURRENT PIPELINE OF PROJECT SITES Amongst the largest land bank owners in 1. Gujarat 2. Rajasthan 3. Madhya Pradesh Rajasthan • Focused on increasing land bank further in Gujarat Madhya Pradesh South India. Multiple sites acquired at very Maharashtra competitive acquisition cost in Andhra Pradesh •
Slide 14: Order Book Update
ORDER BOOK UPDATE Order Book Update 31st December 2015 One of the largest Order Books in the industry. Total Order Book (MW) 1,146 Robust order inflow visibility - ~1,200 MW of orders in advanced Estimated Execution Period 12 - 15 Months stage of discussion Key Highlights: • Continue to strengthen p
Slide 15: Set to Launch 113 m Turbines & 120 m Hybrid Towers
SET TO LAUNCH 113 m TURBINES & 120 m HYBRID TOWERS Will be launching 113 Meter Turbines with Hub Height of 120 m in this fiscal year IWL’s Technology Edge: Higher Energy Yield Lower Energy Cost Higher Returns • More efficient power curves • Higher uptime • Lower O&M • Increased margins • Higher mark
Slide 16: Financial Summary – Last 5 Year Performance
FINANCIAL SUMMARY – LAST 5 YEAR PERFORMANCE Revenue from Operations EBIDTA & EBIDTA Margin % PAT & PAT Margin % 22.8% 18.6% 16.1% 14.2% 16.3% 16.9% 8.9% 10.9% 27,099.3 11.3% 8.4% 4,574.4 2,964.2 CAGR – 147.8% 15,668.1 CAGR – 150.1% CAGR – 160.9% 10,589.1 1,965.0 1,762.7 1,504.0 1,322.8 6,216.1 1,418
Slide 17: Annexure
WIND ANNEXURE
Slide 18: Shareholding Structure
SHAREHOLDING STRUCTURE Share Price Performance Market Data As on 05.02.16 (BSE) 450 Market capitalization (Rs. Mn) 65,465.9 CMP Rs. 295.0 350 Price (Rs.) 295.0 No. of shares outstanding (Mn) 222 250 Face Value (Rs.) 10.0 150 52 week High-Low (Rs.) 411.5 – 282.4 Okt.15 Nov.15 Dez.15 Jän.16 Feb.16 Sou
Slide 19: Detailed Financials: Consolidated P&L Statement
DETAILED FINANCIALS CONSOLIDATED P&L STATEMENT Particulars (Rs Mn) Q3 FY16 Q3 FY15 YoY % Q2 FY16 QoQ% 9M FY16 9M FY15 YoY % FY15 Revenue from Operations 9,414.4 9,323.9 1.0% 10,082.2 -6.6% 25,854.9 17,798.9 45.3% 27,099.3 Cost of Material Consumed 5,495.6 5,798.8 -5.2% 6,799.7 -19.2% 16,378.1 11,652
Slide 20: Detailed Financials: Consolidated Balance Sheet
DETAILED FINANCIALS CONSOLIDATED BALANCE SHEET Particulars (Rs Mn) FY15 H1 FY16 Particulars (Rs Mn) FY15 H1 FY16 Share Holders’ Funds: Non-current assets: Equity share capital 2,219.2 2,219.2 Goodwill on Consolidation 16.5 16.5 Reserves and Surplus 11,700.0 13,096.2 Fixed Assets 2,502.6 4,580.9 Tota
Slide 21: Balance Sheet Perspective
BALANCE SHEET PERSPECTIVE Particulars 9M FY15 9M FY16 Particulars 9M FY15 9M FY16 Total of Shareholder funds 6,062.6 16,345.4 16.5 47.2 Goodwill on Consolidation Share Capital 2,000.0 2,219.2 Fixed Assets 2,112.1 4,852.7 Reserves & Surplus 4,062.6 14,126.2 Total Debt 7,525.0 13,836.0 Other Non-Curre
Slide 22: Thank You
FOR FURTHER QUERIES : THANK YOU Mr. Dheeraj Sood Nilesh Dalvi / Kapil Jagasia Head IR- Inox Group IR Consultant Contact No: 0120 6149881 Contact No : +91 9819289131 / +91 9819033209 Email : [email protected] Email : [email protected] [email protected] 22