SGILNSE10 May 2025

Synergy Green Industries Limited has informed the Exchange about Investor Presentation

Synergy Green Industries Limited

Investor Presentation

Q4 FY 2025

14 May 2025

Disclaimer

This presentation has been prepared by Synergy Green Industries Ltd (SGIL) solely for informational purposes. The information contained herein does not constitute or form part of any offer or invitation to sell, or any solicitation of an offer to purchase or subscribe for, any securities of the Company, nor shall it or any part of it form the basis of, or be relied upon in connection with, any contract or commitment whatsoever.

The information contained in this presentation is provided as of the date hereof and is subject to change without notice. This presentation contains statements that constitute forward-looking statements. These statements include descriptions regarding the intent, belief, or current expectations of the Company or its officers and may involve risks and uncertainties. Such forward-looking statements are not guarantees of future performance, and actual results may differ materially from those projected. Factors that could cause actual results to differ materially from those indicated in such forward-looking statements include, but are not limited to, changes in global and national economic conditions, changes in market conditions, competitive developments, regulatory changes, and other unforeseen events.

No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness, or correctness of the information or opinions contained in this presentation. Neither the Company nor any of its affiliates, advisers, or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation.

This presentation should not be construed as legal, tax, investment, or other advice. Each recipient should conduct its own investigation and analysis of the Company and the information contained herein, and is advised to seek its own professional advice on the legal, tax, regulatory, financial, and accounting implications of any investment decision.

The distribution of this presentation in certain jurisdictions may be restricted by law, and recipients of this presentation should inform themselves about, and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the laws of any such jurisdiction.

By attending or receiving this presentation, you agree to be bound by the foregoing limitations.

Industry Overview

Company Profile

Business Performance

Climate urgency. Geopolitical disruptions. Fragile supply chains. The World Is Rewiring…

…Towards Renewables, Resilience, and Sustainable Manufacturing

Energy transition to Renewables

Global Economy

$112 Tn

(by 2025)

Energy Share

Renewable Growth Drivers

World Electricity Generation by Power Sources (1980-2050)

Units: PWh/yr

70%

• Fights against climate Change

50%

• Competitive Energy Cost over

Conventional fuels

25%

16%

1980 Offshore Wind

1990

2000 Onshore Wind

2010

2020

2030

2040

2050

Solar

Hydropower

Conventional Energy

Renewables will be 70% by 2050

Source: Global Data / DNV.GL, 09/2018

• Energy without depletion of

Natural Resources

• Reduces Oil & Coal imports and Saves Foreign exchange

The World is betting on Renewables

L A B O L G

Net zero Country-wise goals of reaching net zero emissions

Paris Agreement Goal of keeping global warming within 1.5°C

India net zero Achieve net zero by 2070

Climate finance Goal of mobilizing at least $100 billion in climate finance each year

India renewables target Source 50% of energy from renewables by 2030

Country emissions goal Reduce projected emissions by 1 billion tons by 2030

Deforestation Goal of halting & reversing deforestation and land degradation by 2030

India green electricity Install 500 GW of non- fossil fuel electricity capacity by 2030

Country carbon target Reduce carbon intensity by 45% by 2030

N D A “ P A N C H A M R I T ” a t C O P 2 6

India and Global Wind Installations

India Wind Installations

Global Wind Installations

Units: GW

Onshore

Units: GW

Onshore Offshore

20%

4.10

71%

3.42

2.04

2.00

1.50

1.12

0.3%

116.6 10.8

117 8

138

140

105.8

109

122

116

95.3 6.9

88.4

93.6

21.1

77.6 8.8

72.5

68.8

194

183

160

167

135

141

152

160

FY 19-20 FY 20-21 FY 21-22 FY 22-23 FY 23-24 FY 24-25 Source: MNRE

2020

2021

2022

2023

2024

2025e

2026e

2027e

2028e

2029e

2030e

Source: GWEC Wind Report 2024

Growth Drivers

Domestic

- 10 GW of annual wind bids & Wind RPO up to 2030 - Minimum Renewable mandate to DISCOM - Increase in wind from 48 GW to 140 GW by 2030; renewables forming 50% mix, Carbon Neutral by 2070

Global

- COP28 target needs triple annual wind installations from 117 GW to ~350 GW up to 2030 - GWEC projections for wind to add nearly 1 TW capacity up to 2030 (current global capacity: 1.1 TW)

We are diversified to cater to broader castings market

Country wise Total Castings Demand

Sector wise Major Consumers of Castings

48.79

Total demand: 110 Mn MT

11.49

10.78

5.23

4.95

China

India

USA

Japan

Germany

27.86

Rest of World

Grey Iron

Ductile

Steel

Aluminium

Others

Power

10%

Railways

Auto

32%

Pipes & Fittings

Industrial M/c

Electrical Equip

Machine Tools – 2% 3%

Sanitary

Agricultural M/c

Earthmoving - 2% Pumps & Compressors

Diesel Engine

Valves

Casting Market Size & Growth Forecast

Sources: Indian Institute of Foundrymen reporting, Foundry Planet

Casting market 2023 Global: $ 155 bn India: $ 19.5 bn

Next 10 years growth Global: $ 378 bn @ 8.7% India: @ 10.3%

Wind demand is 1.5 Mn MT (1.4%) and estimated to cross 2.3 Mn MT in next 5 years

Large castings market is estimated to be over 8 Mn MT (7%)

Industry Overview

Company Profile

Business Performance

Brief overview

SGIL is one of India’s leading manufacturers of large-size critical castings for wind and general engineering products.

Product Profile –

• Weight Range: 3 MT to 30 MT

• Materials: SG Iron, Cast Iron and Steel

• Capacity: 30,000 TPA (45,000 TPA in Progress)

We have state of the art facilities

FACILITIES

SOFTWARE

QUALITY

All the Equipment from leading Brands in the world

Best in Class IT

NABL Certified Quality Testing facilities

Quality Certifications

Production Line

ATAS

Simulation

I S O 9 0 0 1 I S O 1 4 0 0 1 I S O 1 8 0 0 1 T P G C e r t i f i c a t i o n I S O 2 7 0 0 1 I S O 5 0 0 0 1

Our Products

Wind Castings

Non-Wind Castings

Wind Castings (70%) + Gear Box Castings (15%)

Rotor Hub

Main Frame

Gear Box PLC

Mining

Plastic Injection Machines

Pumps

Our Customers

Trusted by 50% of the World’s Top 10 Wind OEMs

Leading Wind OEMs in 2024

Our Customers

Goldwind

Envision

Windey

Mingyang

Vestas

Sany

18.2

1.1

19.3

14.3

0.1

14.5

12.2

10.4

8.8

9.4

0.3

12.5

1.8

12.2

1.4

10.2

9.4

Dongfang Electric

7.4

0.9

8.4

Siemens Gamesa

8.0

Nordex

7.8

GE Vernova

5.2

0.1

5.3

Clients Onboarding In Progress

Clients Onboarded

Onshore Offshore

Wind

Non Wind

SWOT Analysis

STRENGTH

WEAKNESS

• Ability to Produce large castings up to 30 MT • Established products with Top Global OEMs • Ability to build large capacities with capital

efficiency

OPPORTUNITY

•

Excellent growth opportunities in Renewable’s with high entry barriers India is being converted as manufacturing Hub offers growing casting demand Trade wars/Global Sentiments favors demand

India’s

S W O T

•

Limited Capacity compared to peers (scaling up from 30,000 TPA to 45,000 TPA) • Currently 100% machining

is outsourced

(~20,000 TPA in-house machining planned)

THREAT

•

80% of business from wind industry (facilities can produce large castings to any other industries)

• Volatile

Commodity

impact profitability (Key commodities are hedged with customers on quarterly basis)

prices

can

Industry Overview

Company Profile

Business Performance

Summary of audited financial results Q4 FY25

Particulars

Quarter Ended (3 Months)

Year Ended (12 Months)

Period

31.03.25

31.12.24

31.03.24

31.03.25

31.03.24

All figures in Rs Crore

Total Income

Profit before Depreciation, Interest and Tax (PBDIT)

PBDIT Margin

Depreciation & Amortization Expenses

Finance Costs

Profit/(Loss) before Tax

Tax Expenses and Deferred Tax Liability

Profit/(Loss) after Tax

97.91

15.31

15.64%

3.15

4.49

7.67

3.83

3.84

18% 97.84

45%

14.65 294 bps+

14.98%

83.32

363.68

11%

31%

328.05

10.58

53.70

41.10

12.70%

14.77%

12.53%

224 bps +

3.60

4.04 90% 7.01

1.07 18% 5.95

3.23

3.32

4.03

0.78

3.25

13.02

15.69

24.99

8.10

16.89

60%

46%

12.09

13.35

15.66

4.09

11.56

Disclaimer: The aforesaid information is based on prudent estimates of the Company Management based on four quarter audited results and present business conditions. Investors and stakeholders are advised to exercise their own judgment and seek independent advice before making any investment decisions.

Brief overview of financials

Revenue streams (in Rs Cr) and Estimate

Executable Orderbook Projection

20%

~435

328

Are

33 15

11%

364

101

285

290

31 39

137

200 34 16

31 27

PBDIT over the period (in Rs Cr)

31%

53.7

41.1

15.66

13.35

24.99

15.69

26.8 0.69

14.08

11.99

12.09

13.02

25.2

5.25

11.44

8.50

25.3 3.14

11.50

10.64

FY 20-21

FY 21-22

FY 22-23

FY 23-24

FY 24-25

FY 25-26E^

FY 20-21

FY 21-22

FY 22-23

FY 23-24

FY 24-25

Wind Domestic

OEM Export

Direct Export

Gear Box

Non Wind

Depreciation

Interest

PBT

Year End Results of FY 24 25 are audited ^ Executable Orderbook Projection is based on Orderbook Projections/Schedules available with management on the date of publishing and may be subject to change based on market conditions.

Year ended FY25 recorded a revenue growth of 11% over corresponding period of the previous year.

During FY25, PBDIT margins expanded by 224 bps from 12.53% to 14.77%.

Cost structure and CAPEX plans

Area

Foundry

Captive renewable power

In-house machining*

Capex and margin expansion plan ~Rs 187 Cr

CAPEX

Target

Rs. 60 Crore

Rs. 30 Crore

Capacity expansion 30,000 to 45,000 MT Operational: Q2 FY 26

Increase from 2 MW to 10 MW solar project Operational: Q1 FY 26

Phase 1: Rs. 67 Crore Phase 2: Rs. 30 Crore

In-house machining facility operational by: Phase 1: 10,000 TPA (by Q3 FY 26) Phase 2: 10,000 TPA ( by Q4 FY 26)

Initiatives to triple bottom line (Planet, People, Profit)

Carbon Footprint (Renewables)

Technology Leadership

carbon

Reduce through renewables and achieve 50% green production by 2030

footprint

Process Automation & Digitization

Waste Management

Energy Optimization

•

Thermal reclamation to improve Sand Recycling from 92% to 98%

• Material recycling and waste

management

•

14 MW Dedicated Express feeder

Equipment balancing like 15 MT Furnace

Centralized Energy Monitoring System

Environment goes hand-in-hand with Economics

The Path Ahead

FY 2025-26 Performance Outlook

Medium Term Capacities (MT/Annum)

~20% revenue growth expected for the coming year, supported by robust orderbook projections from major OEMs in the country and benefits of capacity expansion.

Export revenues are projected to remain stable, close to the previous year

1,40,000

1,20,000

1,00,000

80,000

60,000

40,000

20,000

1,00,000

75,000

45,000

30,000

15,000

PBDIT margins expected to expand by over another 100 bps from previous year, supported by partial contributions from strategic ongoing investments.

FY 17-18

FY 19-20

FY 25-26

FY 27-28

FY 28-29

During the next 3-4 years, there is an opportunity for one more greenfield expansion to increase our capacity to over 100,000 MT

Thank You!

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Synergy Green Industries Limited has informed the Exchange about Investor Presentation

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