Waaree Renewable Technologies Ltd · NSE:WAAREERTL
Waaree Renewable Technologies — Q2 FY24 Earnings Presentation
24 slides from Waaree Renewable Technologies's earnings presentation, Oct 26, 2023
Slide 1: Waaree Renewable Technologies Limited
Execution with Pace & Comfort October 26, 2023 BSE Limited Corporate Relationship Department 1st Floor, P.J. Towers, Dalal Street Mumbai 400 001 BSE SCRIP CODE: 534618 Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Investor Presentat
Slide 2: Q2FY24 Investor Presentation
Q2FY24 | Investor Presentation
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 |RTL Execution with Pace & Comfort Group Overview
Slide 5: Vertically Integrated with Global Operations
Vertically Integrated with Global Operations 12 GW Module 6 GW+ 32 Years of Capacity & 5.4 GW Modules Supplied Industry Experience Cell Capacity by FY24 Globally TIER 1 Solar Module #1 Indian Module Products Exported in Manufacturer Manufacturer* 68+ Countries 10,000+ Projects in 1.5+ GW Projects En
Slide 6: Technologically Advanced End To End Solar Solutions
Technologically Advanced End To End Solar Solutions Module Mounting Solar Modules EPC Services Structures Rooftop Solutions Floating Solar On Grid Inverters Energy Storage Off Grid Inverters Lithium-Ion Batteries Solutions Solar Products, Water Solar Thermal Solutions Solar Partners Pump & Streetlig
Slide 7: Marquee Clients
Marquee Clients WAAREE |RTL Execution with Pace & Comfort = ArcelorMittal JINDAL STEEL & POWER cello SJ. ISM Tumreo Solutions You Can Trust m CONTINUUM e ondeléz, International © SHARADA Q Reliance Industries Limited —~ ‘anaDal ett adani M Mono Stee ADITYA BIRLA GROUP caddie NTPC CNDNipra sino” ! PO
Slide 8: Company Overview
WAAREE |RTL Execution with Pace & Comfort Company Overview
Slide 9: Unique Propositions
Unique Propositions CUSTOMER CONNECT NETWORK QUALITY CERTIFICATION INNOVATION Strong Customer base of Strong & Proven Network with ISO 9001:2015 certificate Consistent Introduction of new respected industrial all stakeholders/authorities with received for Quality technologies & Innovative House/Comp
Slide 10: EPC Accomplishments
EPC Accomplishments 01 02 03 04 05 50+ MW 897+ MW 1.5+ GW 270+ MW 490+ MW ( More Than 400 Project ) Project site under Planning & (More Than 50 Projects) Ground (08 Projects) Ground O&M Portfolio of solar Roof Top Mounted Execution Phase Mounted in INDIA and Mounted under IPP & Solar power plant ass
Slide 11: Our Growth Strategy
Our Growth Strategy Achieve higher growth in the EPC segment o Evaluating opportunities in both international and domestic markets to secure more EPC contracts o Participating in government and private bidding process o Ecosystem of renewable energy from module to storage helps win clients Expand in
Slide 12: Key Managerial Personnel
Key Managerial Personnel Mr. Nilesh Bhogilal Gandhi Mr. Pujan Pankaj Doshi Mr. Hitesh Pranjivan Mehta Mr. Viren Chimanlal Doshi Mr. Sunil Rathi Additional Director, Non-Executive, Chairman & Non-Executive Independent Director Managing Director Executive Director Executive Director Non-Independent Di
Slide 13: Strong Progress Towards Sustainability Ambitions
Strong Progress Towards Sustainability Ambitions 12
Slide 14: Sustainability Roadmap
Sustainability Roadmap Operation & Maintenance Expand the O&M portfolio in order to ensure the efficient functioning of our assets. Order Execution Cutting-edge R&D Refined management Establishing strong technical processes to execute projects knowhow by building cutting on time or ahead of schedule
Slide 15: Key Order Wins
Key Order Wins Engineering, Procurement and Construction (EPC) works of a solar power project o 600 KWp Capacity Rooftop solar power project (Order won in Q2FY24) o 287 KWp Capacity Rooftop solar power project (Order won in Q2FY24) o 78 MWp Capacity Ground mounted solar power project (Order won in Q
Slide 16: Advanced Operation & Maintenance
Advanced Operation & Maintenance Our O&M Advantage o Over 490+ MWp O&M Portfolio of solar power plant assets o Achieved 99%+ of plant available time and 80%+ of PR for the asset under management o Leveraging tech-based data analytics, technical audits, consulting and R&D to improve overall plant eff
Slide 17: Key Ongoing Projects
Key Ongoing Projects 295.68MWp ground mounted project at 210 MWp ground mounted project at Kurnool, Andhra Pradesh Khandwa 154MWp ground mounted project at 6.62MWp rooftop project at Shri Godiji Plant, Thoothukudi, Tamil Nadu Chikali 6.5MWp groundmount Project at 70MWp groundmount project at 150MWp
Slide 18: Performance Highlights Q2FY24
Performance Highlights Q2FY24 17
Slide 19: Solid Performance in H1FY24
Solid Performance in H1FY24 (Consolidated) Revenues EBITDA PBT Rs. 279.00 Crs +29.41% Rs. 44.08 Crs +71.78% Rs. 40.31 Crs +74.91% YoY change YoY change YoY change Unexecuted Order Book Successfully executed orders of Revenue from O&M 897+ MW 264.55+ MWp Rs. 5.15 Crs as on date in H1FY24 In H1FY24 18
Slide 20: Key Financial Highlights
Key Financial Highlights (Consolidated) (₹ in Cr) Revenue EBITDA & EBITDA Margin PAT & PAT Margin 10.46% 12.40% 18.72% 6.77% 8.61% 12.19% +24.47% +122.83% +124.18% 150.06 28.09 18.29 120.56 128.94 15.99 11.11 12.61 8.16 Q2FY23 Q1FY24 Q2FY24 Q2FY23 Q1FY24 Q2FY24 Q2FY23 Q1FY24 Q2FY24 Revenue EBITDA &
Slide 21: Consolidated Income Statement
Consolidated Income Statement Particulars (₹ Crs) Q2FY24 Q2FY23 Y-o-Y Q1FY24 Q-o-Q H1FY24 H1FY23 Y-o-Y Revenue from Operations 150.06 120.56 128.94 279.00 215.59 Total Revenue 150.06 120.56 24.47% 128.94 16.39% 279.00 215.59 29.41% Cost of EPC contract 116.74 104.65 108.82 225.56 184.06 Employee Exp
Slide 22: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹ Cr) H1 FY24 H1 FY23 Shareholders' Funds 112.60 47.19 Non-Current Liabilities 46.80 45.67 Current Liabilities 266.24 116.94 Total Liabilities 425.64 209.75 Fixed Assets 155.27 69.63 Other Non- Current Assets 1.66 0.65 Current Assets 268.71 139.47 Total Assets
Slide 23: Consolidated Cash Flow
Consolidated Cash Flow Particulars (₹ Cr) H1 FY24 H1 FY23 Net Cash Inflow / (Outflow) from Operating Activities 53.38 -10.31 Cash Flow from Investing Activities -43.52 5.83 Cash Flow from Financing Activities -5.38 -4.26 Net increase/ (decrease) in Cash & Cash equivalent 4.48 -8.74 Cash and cash equ
Slide 24: Thank You
For further information, please contact: Company : Investor Relations Advisors : Waaree Renewable Technologies Ltd. Orient Capital (a division of Link Group) Thank You CIN: L93000MH1999PLC120470 Mr. Nikunj Jain +91 9769060608 Mr. Rohit Wade [email protected] GM – Investor Relations Mr. Am
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