Borosil Renewables Limited · NSE:BORORENEW
Borosil Renewables — Q2 FY23 Earnings Presentation
46 slides from Borosil Renewables's earnings presentation, Nov 10, 2022
Slide 1: Investor Presentation: Financial Performance for the quarter ended 30 September 2022
BOROSIL VESTOR PRESENTATION renewed Financial Performance for the quarter year ended on 30* September 2022
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 GWh : Gigawatt-hour PA : Per Annum ARC : Anti-Reflective Coating INR : Indian Rupee PAT : Profit after tax AS : Anti-soiling IP : Intellectual Property PBT : Profit before tax BCD : Basic Custom Duty IPO : Initial Public Offering PID : Potential Induced Degr
Slide 4: Our Purpose
OUR PURPOSE Pioneering a Sustainable Future with Reliability and Quality OUR VISION IS TO BE THE MOST CUSTOMER-CENTRIC COMPANY 4
Slide 5: Contents
CONTENTS 1. Recent industry updates and updates from BRL 2. Indian solar Industry Overview ¾ Indian Solar Industry: A Sunny Outlook and road map, Growth Drivers and enablers ¾ Indian Solar Module Manufacturing Industry: On the cusp of a surge in manufacturing 3. Introduction to Borosil Group and a g
Slide 6: Recent industry updates and updates from BRL
1 1. Recent industry updates and updates from BRL 2. Indian solar Industry Overview ¾ Indian Solar Industry: A Sunny Outlook and road map, Growth Drivers and enablers ¾ Indian Solar Module Manufacturing Industry: On the cusp of a surge in manufacturing 3. Introduction to Borosil Group and a growth s
Slide 7: Recent Industry Updates
Recent Industry Updates Discontinuation of • As opposed to the recommendation from the Directorate General of Trade Remedies (DGTR) for a continuation of anti- Anti-dumping duty dumping duty (ADD) on Chinese solar glass for two years, the Finance Ministry decided not to extend the same on imports of
Slide 8: Indian solar Industry Overview
2 1. Recent industry updates and updates from BRL 2. Indian solar Industry Overview ¾ Indian Solar Industry: A Sunny Outlook and road map, Growth Drivers and enablers ¾ Indian Solar Module Manufacturing Industry: On the cusp of a surge in manufacturing 3. Introduction to Borosil Group and a growth s
Slide 9: Increasing share of Solar in Rising Renewables
Increasing share of Solar in Rising Renewables ¾ Out of total installed power generation capacity of 408 GW as of Sept’22 in India, Total Installed Power Generation Capacity in India renewables form around 29% of the same (118 GW) of which solar (60.8 GW) is about 408 GW as of Sept'22 (in GW) 51.5%
Slide 10: Indian solar Industry: Growth Drivers and enablers
Indian solar Industry: Growth Drivers and enablers Targets 100 GW of Installed Capacity by 2022 which is targeted to grow to 300 GW by 2030. Need annual solar installations of 25 GW to achieve National Solar Mission the target SECI Tenders Tenders by SECI for large ISTS connected projects assuring o
Slide 11: Indian Solar Module Manufacturing Industry: On the cusp of Surge in Manufacturing
Indian Solar Module Manufacturing Industry: On the cusp of Surge in Manufacturing ¾ India has an ALMM-approved the facilities of solar module manufacturers having a combined capacity of around 20 GW as of Sep’22 and other capacities of 5 GW that are in the process of approval. ¾ Due to stiff competi
Slide 12: Introduction to Borosil Group
3 1. Recent industry updates and updates from BRL 2. Indian solar Industry Overview ¾ Indian Solar Industry: A Sunny Outlook and road map, Growth Drivers and enablers ¾ Indian Solar Module Manufacturing Industry: On the cusp of a surge in manufacturing 3. Introduction to Borosil Group and a growth s
Slide 13: The BOROSIL Group: Leadership Guiding Consistent Growth
The BOROSIL Group: Leadership Guiding Consistent Growth Borosil Renewables Ltd. Borosil Ltd. High Performance Solar Glass Consumer Products Scientific, Industrial & Pharmaceutical Laboratory Glassware and Packaging instruments Borosil Group - Net Sales (in USD Mn) 196 149 85 111 120 94 67 87 32 36 1
Slide 14: BRL's journey has been marked with innovation and firsts in the industry
Borosil Renewables Ltd (BRL): A Growth Story BRL’s journey has been marked with innovation and firsts in the industry… Produced the world's first fully 3rd furnace with 550 TPD capacity tempered 2 mm solar glass, scheduled to be operational in facilitating a 30% increase in solar Q3FY23 BRL sets up
Slide 15: Updates from Borosil Renewables Ltd on acquisition
Updates from Borosil Renewables Ltd on acquisition U Borosil Renewables Ltd. acquired an 86% stake in Interfloat group (GMB, Interfloat), the largest solar glass manufacturer in Europe 15
Slide 16: Updates from Borosil Renewables Ltd on acquisition
Updates from Borosil Renewables Ltd on acquisition 16 View of GMB factory in Tschernitz
Slide 17: Updates from Borosil Renewables Ltd on acquisition
Updates from Borosil Renewables Ltd on acquisition • De-risking manufacturing facilities with the presence in two geographies • With the addition of 300 TPD operating manufacturing capacity in Europe, BRL becomes a significant global solar manufacturer with an installed capacity base of 750 TPD whic
Slide 18: Capacity Expansion to keep pace with market growth
Borosil Renewables Ltd: Capacity Expansion to keep pace with market growth Combined Installed Capacity (TPD)-Projected CY18 CY 20 Est CY 22 Est CY 24 180 TPD 450 TPD 1300 TPD 2400 TPD Combined Solar Glass Capacity Planned 2400 TPD (ࠥ16 GW) Rebuilt 1st The proposed The proposed furnace with addition
Slide 19: Drivers of growth of Solar glass manufacturing in India
Drivers of growth of Solar glass manufacturing in India Recent announcements by various Module Manufacturers/ Production Linked Incentive (PLI) scheme with a total Solar Plant Developers to add 40 GW of module grant of Rs. 24,000 Cr. for Integrated solar manufacturing manufacturing capacity taking t
Slide 20: BRL's Factory at Bharuch, Gujarat
BRL’s Factory at Bharuch, Gujarat 20
Slide 21: Financials
4 1. Recent industry updates and updates from BRL 2. Indian solar Industry Overview ¾ Indian Solar Industry: A Sunny Outlook and road map, Growth Drivers and enablers ¾ Indian Solar Module Manufacturing Industry: On the cusp of a surge in manufacturing 3. Introduction to Borosil Group and a growth s
Slide 22: Financial Performance for the quarter and half year ending 30.09.2022 (1/2)
Financial Performance for the quarter and half year ending 30.09.2022 (1/2) Keyy Growth// Growth// Growth// Parameters (Decline)) % (Decline)) % (Decline)) % Q2 2 FY23 Q1 1 FY23 Q2 2 FY22 H1 1 FY23 H1 1 FY22 Q2 FY233 overr Q2 FY233 overr H1 FY233 overr Q11 FY23 Q22 FY22 H11 FY22 Revenue 169.26 169.9
Slide 23: Financial Performance for the quarter compared with immediately preceding quarter (2/2)
Financial Performance for the quarter compared with immediately preceding quarter F Fin (2/2) ¾ During the quarter, the Company achieved Net Sales of INR 169 Cr. The average ex-factory prices of tempered solar glass during the quarter were slightly lower as compared to the immediately preceding quar
Slide 24: Borosil Renewables Limited
5 1. Recent industry updates and updates from BRL 2. Indian solar Industry Overview ¾ Indian Solar Industry: A Sunny Outlook and road map, Growth Drivers and enablers ¾ Indian Solar Module Manufacturing Industry: On the cusp of a surge in manufacturing 3. Introduction to Borosil Group and a growth s
Slide 25: Product Portfolio
Product Portfolio MARKET SEGMENTS ADDITION OF VALUE • High-Performance Solar Glass for ADDED PRODUCTS • Utility-scale ground solar PV • High-Performance Green House • Shakti / Clear : High Efficiency • Solar Rooftop Matt – Matt Finish • Bifacial, Glass-glass, BIPV • Selene / Deflect : Anti-Glare Sol
Slide 26: USPs of Borosil's Solar Glass and Superior Performance
USPs of Borosil’s 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 • Withstood >
Slide 27: Innovation by Borosil in Solar Glass
Innovation by Borosil in Solar Glass • First solar glass manufacturer to have • Flagship product with low PID, high successfully removed Antimony (a harmful mechanical strength, and chemical chemical) from its glass durability • Technology has been patented • Lowest iron content solar glass NoSbEra
Slide 28: Products to meet the evolving requirements
Products to meet the evolving requirements Solar PV market is moving towards use of bifacial modules and glass-glass modules which has accelerated the use of thinner solar glass to optimize module weight Growth of bifacial modules Growth of Glass-Glass modules Growth of thinner glass 100% 100% 100%
Slide 29: Innovations in Manufacturing Processes with a view to care for environment
Innovations in Manufacturing Processes with a view to care for environment • 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. This value is the best value so
Slide 30: Domestic and International Customer base
6 1. Recent industry updates and updates from BRL 2. Indian solar Industry Overview ¾ Indian Solar Industry: A Sunny Outlook and road map, Growth Drivers and enablers ¾ Indian Solar Module Manufacturing Industry: On the cusp of a surge in manufacturing 3. Introduction to Borosil Group and a growth s
Slide 31: 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 over 20% of revenue coming from exports • Sole Manufacturer of Solar Glass in India with lower lead times and flexible order quantiti
Slide 32: Sustainability, social responsibility, and our ESG journey
7 1. Recent industry updates 2. Indian solar Industry Overview ¾ Indian Solar Industry: A Sunny Outlook and road map, Growth Drivers and enablers ¾ Indian Solar Module Manufacturing Industry: On the cusp of a surge in manufacturing 3. Introduction to Borosil Group and a growth story of Borosil Renew
Slide 33: Borosil Renewables: An ESG Journey
Borosil Renewables: An ESG Journey ESG is outcome-driven and not just good intentions. Environment Social Governance • Employee health • Emissions and safety • Risk management • Water Investors • Community system • Energy relations • Code of conduct • Climate change • Labour practices • Emissions •
Slide 34: Borosil Renewables: An ESG Journey
Borosil Renewables: An ESG Journey Borosil Renewables Limited has embarked on a transformational journey where ESG is the core of how we do business. Our strategic ESG priorities Our actions in FY23 • Aim to achieve Carbon neutral operations Greener planet • Plans to undertake GHG monitoring and inv
Slide 35: Ongoing Initiatives: Societal Responsibility and CSR
Ongoing Initiatives at Borosil Renewables Ltd.: Societal Responsibility and CSR • The company helps running a CBSE school (CKG High school) in Govali village • Sewa Yagna Samiti. Bharuch. • Contribution to Gram Vikas Trust for • Borosil supports the Civil Hospital with their Vidyasaathi Project Nutr
Slide 36: Societal Responsibility and CSR activities across the Borosil Group
Societal Responsibility and CSR activities across the Borosil Group Initiatives during Covid-19: The foundation is supporting On the CSR front, BRL Donation of PPE kits to women athletes who are continues to play an active Covid-19 Warriors – Doctors striving to win medals at the role in helping far
Slide 37: Awards and Recognition
8 1. Recent industry updates and updates from BRL 2. Indian solar Industry Overview ¾ Indian Solar Industry: A Sunny Outlook and road map, Growth Drivers and enablers ¾ Indian Solar Module Manufacturing Industry: On the cusp of a surge in manufacturing 3. Introduction to Borosil Group and a growth s
Slide 38: Recognition received for 2 mm fully tempered solar glass
Recognition received for 2 mm fully tempered solar glass World’s 1st company to produce 2 mm fully Honourable Prime tempered solar glass Minister of India Mr. Narendra Modi Message from Hon. Prime Minister on the occasion of inauguration of 2 mm Fully Tempered solar glass facility 38
Slide 39: Other Industry awards and recognition
Other Industry awards and recognition National Award 2021 AIGMFs Prestigious Gold Medal at India 17th FGI AWARDS for By Dept. of Science and Balkrishna Gupta Award Green Manufacturing Challenge EXCELLENCE in the category of Technology, Govt. of India for Exports for FY21 2020-21 “Outstanding Entrepr
Slide 40: Corporate Governance, Board of Directors and KMPs
9 1. Recent industry updates and updates from BRL 2. Indian solar Industry Overview ¾ Indian Solar Industry: A Sunny Outlook and road map, Growth Drivers and enablers ¾ Indian Solar Module Manufacturing Industry: On the cusp of a surge in manufacturing 3. Introduction to Borosil Group and a growth s
Slide 41: Corporate Governance: A professionally managed business backed up by family
Corporate Governance: A professionally managed business backed up by family 40 years of experience in He is an I.A.S. (Retd.) and has a various industries in techincal, career spanning 39 years in the Industrialist having Rich production, projects and Indian Administrative Service experience in the
Slide 42: Corporate Governance: Senior Management
Corporate Governance: Senior Management Name Designation Key Responsibility ¾ Provide leadership and direction to the Board and assume Mr. Pradeep Kumar Kheruka Executive Chairman responsibility for the strategic initiatives. ¾ Provide direction to the organization and establish a policy Mr. Shreeva
Slide 43: Stock information and Contact Details
10 1. Recent industry updates and updates from BRL 2. Indian solar Industry Overview ¾ Indian Solar Industry: A Sunny Outlook and road map, Growth Drivers and enablers ¾ Indian Solar Module Manufacturing Industry: On the cusp of a surge in manufacturing 3. Introduction to Borosil Group and a growth
Slide 44: Stock Information - As of 30th September 2022
Stock Information- As of 30th September 2022 SHAREHOLDING PATTERN Non-Institutional SHARES ISSUED Investors & others 32.40% Promoters and 13,04,39,679 Promoter Group Domestic Institutional 61.65% Investors 0.14% Foreign Portfolio Investors 5.81% CODE: BORORENEW CODE: 502219 44
Slide 45: 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 46: Thank You
THANK YOU AN INVESTMENT ISN’T AN INVESTMENT IF IT HURTS THE PLANET… 46