Waaree Renewable Technologies Ltd · NSE:WAAREERTL
Waaree Renewable Technologies — Q1 FY2024 Earnings Presentation
25 slides from Waaree Renewable Technologies's earnings presentation, Jul 24, 2023
Slide 1: Waaree Renewable Technologies Limited
Execution with Pace & Comfort July 24, 2023 BSE Limited Corporate Relationship Department 1st Floor, P.J. Towers, Dalal Street Mumbai 400 001 BSE SCRIP CODE: 534618 Subject: Investors / Earnings Presentation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2
Slide 2: Q1FY24 | Investor Presentation
Q1FY24 | 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: Performance Highlights Q1FY24
Performance Highlights Q1FY24 3
Slide 5: Solid Performance in Q1FY24 (Consolidated)
Solid Performance in Q1FY24 (Consolidated) Revenues EBITDA PBT Rs. 129 Crs +36% Rs. 16 Crs +22% Rs. 15 Crs +28% Unexecuted Order Book Successfully executed orders of Revenue from O&M 856+ MW 96+ MW Rs. 2.57 Crs as on date in Q1FY24 as on 30th June 2023 4
Slide 6: Key Order Wins
Key Order Wins Letter of Acceptance for execution of Engineering, Procurement and Construction (EPC) works of a solar power project o 100 MWp Capacity (Jamnagar Gujarat) project & 36 MWp DC capacity (Amreli, Gujarat) (Order won in Q1FY24) o 221.8MWp DC capacity from one of India’s leading steel manu
Slide 7: Key Ongoing Projects
Key Ongoing Projects Arcelor Mittal, Kurnool, Andhra Pradesh Masaya Solar, Khandwa Daiki 2MW solar plant, Sricity, Andhra Pradesh Continuum Solar, Thoothukudi, Tamil Nadu Shri Godiji Plant, Chikali 220 kV Switchyard, Khandwa 6
Slide 8: Consolidated Income Statement
Consolidated Income Statement Particulars (₹ Crs) Q1FY24 Q1FY23 Y-o-Y Q4FY23 Q-o-Q FY23 FY22 Y-o-Y Revenue from Operations 128.9 95.0 35.7% 61.5 109.7% 351.0 161.5 117.3% Cost of EPC contract 108.8 79.4 34.8 253.0 123.8 Purchases of stock in trade 0.0 0.0 0.0 0.0 5.5 Employee Expenses 3.2 1.9 2.6 9.
Slide 9: Consolidated Balance Sheet
Consolidated Balance Sheet Equity & Liabilities (₹ Crs) FY22 FY23 Assets (₹ Crs) FY22 FY23 Equity Non ‐ Current Assets Equity Share Capital 20.8 20.8 Property, plant and equipment 70.9 71.3 Other Equity 9.1 64.3 Goodwill on Amalgamation 0.0 0.0 Equity attributable to equity holders of the parent 29.
Slide 10: Consolidated Cash Flow
Consolidated Cash Flow Particulars (₹ Cr) FY22 FY23 Cash Flow from Operating Activities Profit before Tax 21.2 77.0 Adjustment for Non-Operating Items 3.5 8.0 Operating Profit before Working Capital Changes 24.7 85.0 Changes in Working Capital 21.5 -14.6 Cash Generated from Operations 46.2 70.5 Less
Slide 11: Group Overview
WAAREE |RTL Execution with Pace & Comfort Group Overview 10
Slide 12: 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 1.2+ GW Projects En
Slide 13: 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 14: Marquee Clients
Marquee Clients WAAREE |RTL Execution with Pace & Comfort = ArcelorMittal m CONTINUUM e ondeléz, International © cello SHARADA © a Reliance ds 4 ADITYA BIRLA GROUP Industries Limited vadiiieit a JINDAL NTPC STEEL & POWER Ss ° — adani = <> Nipra os ye Ay ISM Tamreo \ cy Solutions You Can Trust Me Mon
Slide 15: Company Overview
WAAREE |RTL Execution with Pace & Comfort Company Overview
Slide 16: Experienced Board of Directors
Experienced Board of Directors Mr. Nilesh Bhogilal Gandhi Chairman & Non-Executive Independent Director He holds a Bachelor's degree in Commerce, an LLB, and an FCA. He has over 30 years of experience in finance, power, and renewables and has previously been associated with companies such as Waacox
Slide 17: Experienced Board of Directors
Experienced Board of Directors Mr. Sunil Rathi Additional Director, Non-Executive, Non-Independent Director He holds a BE in Electronics and an MBA in Marketing from ITM, Mumbai. He has over 30 years of experience in sales and marketing and has previously been associated with companies such as Vikra
Slide 18: Strong Progress Towards Sustainability Ambitions
Strong Progress Towards Sustainability Ambitions 17
Slide 19: 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 processes Establishing strong technical to execute projects on time or knowhow by building cutting edge ahead of sch
Slide 20: EPC Accomplishments
EPC Accomplishments 01 02 03 04 05 50+ MW 856+ MW 1.2+ GW 270+ MW 490+ MW ( More Than 400 Project ) Project site under Planning (More Than 50 Projects) (08 Projects) Ground O&M Portfolio of solar Roof Top Mounted & Execution Phase Ground Mounted in INDIA Mounted under IPP & Solar power plant assets
Slide 21: Unique Propositions
Unique Propositions CUSTOMER CONNECT NETWORK QUALITY CERTIFICATION INNOVATION Strong Customer base of Strong & Proven Network with all ISO 9001:2015 certificate Consistent Introduction of new Respected industrial stakeholders/ authorities with more received for Quality technologies & Innovative prod
Slide 22: Advanced Operation & Maintenance
Advanced Operation & Maintenance Our O&M Advantage o Over 490+ MW 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 effi
Slide 23: Long Tail of Revenues from O&M
Long Tail of Revenues from O&M Total O&M Capacity of 493MWp (as on June 2023) 22
Slide 24: Our Growth Strategy
Our Growth Strategy New business opportunity: Green Hydrogen o We are exploring opportunities and are already in process to set up a 1 MW Green hydrogen Plant integrated with ecosystem on BOB basis o National Green Hydrogen Mission promotes commercialization & scaling up of Electrolyser technologies
Slide 25: 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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