Borosil Renewables Limited · NSE:BORORENEW
Borosil Renewables — Q4 FY2021 Earnings Presentation
40 slides from Borosil Renewables's earnings presentation, May 14, 2021
Slide 1: Financial Performance for the quarter and year ended 31st March 2021
BOROSIL “renewables - BOROSIL _ Tenewables — IUR VISION IS TO BE THE MOST CUSTOMER-CENTRIC COMPANY IN INDIA Financial Performance for the quarter and financial year ended on 31st March 2021
Slide 2: Disclaimer
Disclaimer “This investor presentation has been prepared by Borosil Renewables Limited (“Borosil”) on a strictly confidential basis. Certain statements in this presentation may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward looking statements ref
Slide 3: Key Abbreviations
Key Abbreviations ADD : Anti-dumping Duty NSM : National Solar Mission FY : Financial Year ending 31st March ARC : Anti-Reflective Coating OEE : Overall Equipment Effectiveness GBL : Gujarat Borosil Limited AS : Anti-soiling PA : Per Annum GW : Gigawatt BCD : Basic Custom Duty PAT : Profit after tax
Slide 4: Agenda
1. Indian solar Industry Overview Indian Solar Industry: A Sunny Outlook and road map, Growth Drivers and enablers Indian Solar Module Manufacturing Industry: On the cusp of surge in manufacturing 2. Introduction to Borosil Group and a growth story of Borosil Renewables Limited 3. Financials 4.
Slide 5: Indian Solar Industry Overview
1. Indian solar Industry Overview Indian Solar Industry: A Sunny Outlook and road map, Growth Drivers and enablers Indian Solar Module Manufacturing Industry: On the cusp of surge in manufacturing 2. Introduction to Borosil Group and a growth story of Borosil Renewables Limited 3. Financials 4.
Slide 6: Increasing share of Solar in Rising Renewables-Robust order pipeline
Increasing share of Solar in Rising Renewables-Robust order pipeline Total Installed Power Generation capacity Out of total installed power generation capacity of 382 GW as of Jan’21 in India, in India -382 GW as of Mar'21 renewables form around 25% (94 GW) of which solar (40 GW) is about 40% of t
Slide 7: Indian Solar Industry: Growth Drivers and Enablers
Indian solar Industry: Growth Drivers and enablers National Solar Mission • Targets 100 GW of Installed Capacity by 2022 which is targeted to grow to 300 GW by 2030 SECI Tenders • Tenders by SECI for large ISTS connected projects assuring offtake and payment security to the project developers • 30.8
Slide 8: Indian Solar Module Manufacturing Industry: On the cusp of Surge in Manufacturing
Indian Solar Module Manufacturing Industry: On the cusp of Surge in Manufacturing India has around 11 GW of solar module manufacturing capacity as of Mar’21 Due to stiff competition from low-priced imports, the actual Domestic Manufacturing is about 4-5 GW annually (about average 40% utilisation
Slide 9: Introduction to Borosil Group and Borosil Renewables growth story
1. Indian solar Industry Overview Indian Solar Industry: A Sunny Outlook and road map, Growth Drivers and enablers Indian Solar Module Manufacturing Industry: On the cusp of surge in manufacturing 2. Introduction to Borosil Group and a growth story of Borosil Renewables Limited 3. Financials 4.
Slide 10: The BOROSIL Group: Leadership Guiding Consistent Growth
The BOROSIL Group: Leadership Guiding Consistent Growth Borosil Renewables Ltd. Borosil Ltd. Consumer Scientific, Industrial & Pharmaceutical High Performance Solar Glass Products Laboratory Glassware and Packaging instruments (Formerly known as Borosil Glass Works Ltd in which Gujarat Borosil Ltd.
Slide 11: Borosil Renewables: A Growth Story
Borosil Renewables: A Growth Story • Imposition of Countervailing Duty on solar glass imports from Malaysia CPSU/KUSUM “Aatmanirbhar • Basic Customs Duty on India imposes imports of solar cells (25%) & Anti-Dumping schemes, Bharat”. Focus modules (40%) and PLI scheme Anti dumping Duty on Chinese dom
Slide 12: Capacity Expansion to keep pace with market growth
Borosil Renewables Ltd: Capacity Expansion to keep pace with market growth CY18 CY20 Est CY22 Est CY24 BRL’s Installed Capacity (TPD) Roadmap towards 2000 TPD (10 GW) 180 TPD 450 TPD 950 TPD 1950 TPD 500 Furnace #4 & #5 Rebuilt 1st furnace with Proposed Announced enhanced addition of a 4th recently
Slide 13: Drivers of growth of Solar glass manufacturing in India
Drivers of growth of Solar glass manufacturing in India Potential to increase export of Solar Glass Shift towards Glass-glass and Bifacial modules globally A very good potential to increase exports to Europe, Americas, Russia, Turkey and MENA due to renewed focus on domestic modules manufacturing in
Slide 14: Borosil Renewables' Factory at Bharuch, Gujarat
Borosil Renewables' Factory at Bharuch, Gujarat 14
Slide 15: Financials
1. Indian solar Industry Overview Indian Solar Industry: A Sunny Outlook and road map, Growth Drivers and enablers Indian Solar Module Manufacturing Industry: On the cusp of surge in manufacturing 2. Introduction to Borosil Group and a growth story of Borosil Renewables Limited 3. Financials 4.
Slide 16: Financial Performance for the quarter and year ending 31.3.2021 (1/3)
Financial Performance for the quarter and year ending 31.3.2021 (1/3) All values in INR Cr. Key Parameters Q4 FY21 Q3 FY21 Q4 FY20 Growth % Growth % FY21 FY20 Q4 FY21 over Q4 FY21 over Q4 FY 20 Q3 FY 21 Revenue 193.98 140.13 94.26 106% 38% 502.27 271.16 EBITDA 106.60 53.65 21.19 403% 99% 202.73 40.0
Slide 17: Quarterly Financial Performance (2/3)
Quarterly Financial Performance (2/3) The operational efficiencies and benefits of expansion which started to accrue in Q2FY21 were consolidated further in Q3 and Q4FY21. Both demand and selling prices continued to show a firm trend internationally in Q4 FY21 due to high targets of solarisation se
Slide 18: Yearly Financial Performance (3/3) and expansion update
Yearly Financial Performance (3/3) The Company achieved milestones in FY21 both in Revenue and EBIDTA of INR 502 crores and INR 202 crores (40.4%) respectively, as compared with corresponding revenue and EBITDA of INR 271 crores and INR 40 crores (14.8%) respectively for the previous year. These
Slide 19: Borosil Renewables Limited: Products and Innovations
1. Indian solar Industry Overview Indian Solar Industry: A Sunny Outlook and road map, Growth Drivers and enablers Indian Solar Module Manufacturing Industry: On the cusp of surge in manufacturing 2. Introduction to Borosil Group and a growth story of Borosil Renewables Limited 3. Financials 4.
Slide 20: Product Portfolio
Product Portfolio Market Segments Glass Composition Addition of Value Borosil Solar Glass with low added products High Performance Solar Glass for Antimony content Utility scale ground solar PV Shakti : High Efficiency Matt – No Era: Borosil Solar Glass High Performance Green House – wit
Slide 21: USPs of Borosil Solar Glass and Superior Performance
USPs of Borosil Solar Glass and Superior Performance ENGINEERED FOR LONG TERM DURABILITY HIGHER TRANSMISSION • Low sodium. Low PID (Potential Induced Degradation) • High chemical durability: superior glass performance • Very High hydrolytic resistance ENHANCED MECHANICAL STRENGTH BOROSIL’S FULLY TEM
Slide 22: Innovation by Borosil in Solar Glass (1/3)
Innovation by Borosil in Solar Glass (1/3) Fully tempered 2 mm Solar Glass Shakti World’s 1st fully tempered thinnest Solar Glass for versatility and longevity Matt-Matt finish Glass Selene Reduces the overall weight of the Higher module output by up to 0.5 % Anti-glare Solar glass for solar PV,
Slide 23: Innovation by Borosil in Solar Glass (2/3)
Innovation by Borosil in Solar Glass (2/3) Antimony-free Solar Glass No Era: World’s only manufacturer of Antimony Free Solar Glass for safer, sustainable and truly environment friendly applications The performance of No Era was compared with that of a leading European solar glass supplier at Boro
Slide 24: Innovation by Borosil in Solar Glass (3/3)
Innovation by Borosil in Solar Glass (3/3) Fully Tempered Thinner Solar Glass 2/2.5/2.8 mm Growth of Glass-Glass modules Thickness of front glass in future Solar PV market is moving towards • Bifacial modules • Glass to glass modules • Frameless modules In order to achieve the optimum module weight,
Slide 25: Innovations in Manufacturing Processes with a view to care for environment
Innovations in Manufacturing Processes with a view to care for enviornment Efficient and cost effective, low Energy Intensive Process The Company has a 22% lower carbon footprint in comparison to the default score for glass manufacturing in Life Cycle Assessment. Low carbon footprint This value
Slide 26: Domestic and International Customer base
1. Indian solar Industry Overview Indian Solar Industry: A Sunny Outlook and road map, Growth Drivers and enablers Indian Solar Module Manufacturing Industry: On the cusp of surge in manufacturing 2. Introduction to Borosil Group and a growth story of Borosil Renewables Limited 3. Financials 4.
Slide 27: A Strong Domestic and International Presence
Borosil Renewables Ltd.: A Strong Domestic and International Presence A Global Presence with products matching international standards and quality requirements with 18-20% of revenue coming from exports Sole Manufacturer of Solar Glass in India with lower lead RUSSIA times and flexible order qua
Slide 28: Sustainability and Social Responsibility
1. Indian solar Industry Overview Indian Solar Industry: A Sunny Outlook and road map, Growth Drivers and enablers Indian Solar Module Manufacturing Industry: On the cusp of surge in manufacturing 2. Introduction to Borosil Group and a growth story of Borosil Renewables Limited 3. Financials 4.
Slide 29: Societal Responsibility and CSR activities
Societal Responsibility and CSR activities On the CSR front, BRL through Borosil foundation continues to play an active role in helping farmers in water deficient Parli district of Maharashtra improve their annual incomes. Initiatives during Covid-19: Donation of PPE kits to Covid-19 Warriors –
Slide 30: Other ongoing Initiatives: Societal Responsibility and CSR
Other ongoing Initiatives: Societal Responsibility and CSR • Other initiatives in the areas near to our manufacturing facility in Bharuch o Education: The company helps running a CBSE school (CKG Highschool) in Govali village Contribution to Gram Vikas Trust for Vidyasaathi Project Contributio
Slide 31: BRL Wins a National Award 2021 for Technology development
BRL Wins a National Award 2021 for Technology development and commercialization Presented by Technology Development Board, Dept. of Science and Technology, Govt. of India on account of developing and commercializing technologies for World’s first fully tempered 2mm solar glass and Antimony free sola
Slide 32: Awards and Recognition
Awards and Recognition GBL has been awarded as GBL honored with CAPEXIL 15th FGI AWARDS for “Leading RE Manufacturer - Leading Renewable Energy Award for Excellence in EXCELLENCE in the category Component Manufacturers” in Manufacturer in the category of Exports for the years 2015-16 of “Outstanding
Slide 33: Recognition received for 2 mm fully tempered solar glass
Recognition received for 2 mm fully tempered solar glass Honourable Prime Minister of India Mr. Narendra Modi Message from Hon. Prime Minister on the occasion of inauguration of 2 mm Fully Tempered solar glass facility 33
Slide 34: Corporate Governance, Board of Directors and KMPs
1. Indian solar Industry Overview Indian Solar Industry: A Sunny Outlook and road map, Growth Drivers and enablers Indian Solar Module Manufacturing Industry: On the cusp of surge in manufacturing 2. Introduction to Borosil Group and a growth story of Borosil Renewables Limited 3. Financials 4.
Slide 35: Corporate Governance: A professionally managed business backed up by family
Corporate Governance: A professionally managed business backed up by family Board of Directors 39 years of experience in He is an I.A.S. (Retd.) and has a various industries in career spanning 38 years in the Industrialist having Rich techincal, production, Indian Administrative Service experience i
Slide 36: Corporate Governance: Senior Management
Corporate Governance: Senior Management Name Designation Key Responsibility Provide leadership and direction to the Board and assume Mr. Pradeep Kumar Kheruka Executive Chairman responsibility for the strategic initiatives. Provide direction to the organization and establish a policy based Mr. S
Slide 37: Stock information and Contact Details
1. Indian solar Industry Overview Indian Solar Industry: A Sunny Outlook and road map, Growth Drivers and enablers Indian Solar Module Manufacturing Industry: On the cusp of surge in manufacturing 2. Introduction to Borosil Group and a growth story of Borosil Renewables Limited 3. Financials 4.
Slide 38: Stock Information - As on 31st March 2021
Stock Information- As on 31st March 2021 SHAREHOLDING PATTERN SHARES ISSUED Non-Institutional Investors & others 29.24% 13,00,49,299 Promoters and Domestic Promoter Group Institutional 61.83% Investors 1.93% Foreign Portfolio Investors CODE: BORORENEW CODE: 502219 6.99% As on 31st March 2021 38
Slide 39: Contact Information
Contact Information Registered Office Mumbai Registered Office 1101, Crescenzo, G-Block, Opp. MCA Club, Bandra Kurla Complex, Bandra (East), Mumbai-400 051 INVESTOR RELATIONS [email protected] Tel: +91 22 6740 6300, Fax: +91 22 67406514 Works Ankleshwar - Rajpipla Road, Villag
Slide 40: Thank You
Thank You 40 A view of Borosil Renewable Ltd.’s Solar Glass Factory at Bharuch