Hitachi Energy India Limited

N. Venu

MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER, HITACHI ENERGY INDIA LIMITED

Ajay Singh

CHIEF FINANCIAL OFFICER, HITACHI ENERGY INDIA LIMITED

Poovanna Ammatanda

GENERAL COUNSEL AND COMPANY SECRETARY, HITACHI ENERGY INDIA LIMITED

Manashwi Banerjee

HEAD OF COMMUNICATION, HITACHI ENERGY INDIA LIMITED

rs,

2021 period. Moving to Slide 4: First principle: Employee health and safety; Over the past two years, the entire organization, supported by the crisis teams, demonstrated exemplary efforts to tackle t

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have commenced booster dose vaccination drives for all eligible employees and their family mem- bers. 2 HITACHI E NE RG Y I NDI A LIMI TE D EA RNI NG S CO NFE RE NCE CA L L To ensure a culture where peo

100%

go, we had set ourselves short, medium and long term targets. We had a few early wins – achieving 100% fossil free electricity across all our facilities by Dec 2021, and now we are implementing proces

70%

ral operation year wise targets for next 3 years which have the po- tential for reducing more than 70% of CO2 emission. In this quarter we have built on waste and water management plans, and implement

8%

, and shows no signs of abating. While on the one hand GDP growth estimates remain at a healthy 7-8%, power demand increases, industry parameters such as e-way bills reach all time high and IIP reco

INR 1,043.6 crore

ons. On slide 13: Financial performance; In the quarter ending 31 March, we received orders worth INR 1,043.6 crore, up 22.9 percent YoY. This put the order backlog at INR 4,672.3 crore, at the close of the year,

INR 4,672.3 crore

h, we received orders worth INR 1,043.6 crore, up 22.9 percent YoY. This put the order backlog at INR 4,672.3 crore, at the close of the year, which is expected to result in sustained revenue in the coming months.

INR 1,142 crore

lt in sustained revenue in the coming months. Revenue in the quarter rose 11 percent YoY reaching INR 1,142 crore. Profit before tax was INR 70.7 crore, up 31.7 percent YoY, despite high commodity and other supp

INR 70.7 crore

onths. Revenue in the quarter rose 11 percent YoY reaching INR 1,142 crore. Profit before tax was INR 70.7 crore, up 31.7 percent YoY, despite high commodity and other supply challenges. Profit after tax was up

INR 51.7 crore

, despite high commodity and other supply challenges. Profit after tax was up 31.2 percent YoY to INR 51.7 crore. Through continued focus on efficiencies, Operational EBITA stood at INR 77.1 crore in the quarte

INR 77.1 crore

ercent YoY to INR 51.7 crore. Through continued focus on efficiencies, Operational EBITA stood at INR 77.1 crore in the quarter. However, supply chain disruptions emanating from port delays weighed on process t

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ny's performance and encouraging market outlook, the Board of Directors recommended a dividend of Rs. 3 per share,(150%). This is, of course, subject to the approval of the shareholders at the forthcomi

“In some sectors there were a few project deferrals, as you can see rail orders are conspicuously fewer than what we reported in the previous quarters However, the same period also witnessed supply side challenges – continuing semi-conductor shortages, spiraling commodity prices and rising freight costs, coupled with the long-drawn geopo- litical crisis and a fresh wave of Covid-19 in China that have further disrupted the supply-chains.”

“2 HITACHI E NE RG Y I NDI A LIMI TE D EA RNI NG S CO NFE RE NCE CA L L To ensure a culture where people take ownership of their and their colleagues’ health and safety as priority, we continued our efforts towards spreading awareness and building capabilities at our offices, factories and project sites.”

“There was a distinct gap in the industry and so we collabo- rated on this first of its kind course by NITW and Hitachi Energy to ready future electric grid pro- fessionals, researchers and innovators in utilities, industries and institutes for developing and man- aging smart grids, which will be a critical contributing factor in India’s carbon neutral commitments.”

“As offshore wind farms become the norm in our shift to a sustainable energy future, technologies that can withstand high seas, wind, vibration, corrosion will be key to ensure their efficiency and reliability.”

“However, supply chain disruptions emanating from port delays weighed on process timelines, coupled with increased commodity and freight costs, slowed our march towards target margin corridor.”

“By when you think you will be able to offset that?”

“We will not be in a position to predict when exactly we will be able to offset.”

“According to you, would this be a fair number because there will be some products which they may not be addressing like for Hitachi.”

“So, I would just like to understand, how do you see the market growth going forward.”

“And re- member, we have said in our previous analyst call that while earlier HVDC projects used to come once in 4 years or 5 years, now we envisage at least one HVDC project per year for next 3 to 4 years.”

N. Venu

22

Rajesh Kothari

11

Bhavin Vithlani

8

Moderator

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Ajay Singh

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Manashwi Banerjee

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N. Venu

Thank you, operator. Good evening, ladies and gentlemen. So, thank you for joining this call. As probably you've seen, we have published the results and filed with the stock exchanges along with the presentation, which I'm going to go through now. So, I’ll take the reference of the slide numbers. So, in case if you are following via phone, so that's easy for you to go through that. In the room, together with me, I have our CFO – Ajay Singh; and Poovanna – General Counsel & Company Secretary ; and Manashwi Banerjee – Head of Commu- nication. Thank you for joining us and I hope you are keeping well. It has been a welcome relief to see consistently declining COVID cases in the country. But on the other hand, what is first a humani- tarian crisis in Ukraine, is set to cause the "largest commodity shock" since the 1970s (World Bank). From food to fertilizer to energy, all prices are expected to rise further in the coming months. But first let us shift our gaze to the quarter gone by We are