INOXWINDNSEQ3FY2112 February 2021

Inox Wind Limited

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Key numbers — 40 extracted
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e. These forward looking statements, which may include statements relating to future state of affairs, results of operations, financial condition, business prospects, plans and objectives, are based on t
1328.7 MW
up inventory and free up our working capital.  Our consolidated order book as on date stands at 1328.7 MW. 4 OPERATIONAL HIGHLIGHTS Operations  Execution of the Continuum project is in full swing and
18 MW
ines will take place progressively in the near future. We have recently commissioned Renew Power‘s 18 MW at Anjar, in Gujarat and some small retail orders.  Post receiving the requisite approvals, the
100 MW
allocation of IWISL is progressing well.  We have achieved financial closure for un commissioned 100 MW of SECI SPVs with PFC. This will enable us to free up significant short term capital blocked in a
50 MW
of SECI SPVs with PFC. This will enable us to free up significant short term capital blocked in a 50 MW un commissioned SPV.  All future project executions at Dayapar (Gujarat) including the Continuum
Rs. 199
ce. 5 FINANCIAL HIGHLIGHTS Key Balance Sheet Actions  During the Q3FY21, The Company has raised Rs. 199 crs by issuing Non Convertible Debentures (NCDs) at 9.5%.  The proceeds were utilised inter alia t
9.5%
ring the Q3FY21, The Company has raised Rs. 199 crs by issuing Non Convertible Debentures (NCDs) at 9.5%.  The proceeds were utilised inter alia to optimise working capital and retire high cost debt. It
Rs. 204
d Margins is now behind us.  Revenue and EBITDA compared to preceding quarter : • • Revenue of Rs. 204 crs in Q3FY21 against revenue of Rs. 171 crs in Q2FY21 EBITDA profit of Rs. 8 crs in Q3FY21 against
Rs. 171
d EBITDA compared to preceding quarter : • • Revenue of Rs. 204 crs in Q3FY21 against revenue of Rs. 171 crs in Q2FY21 EBITDA profit of Rs. 8 crs in Q3FY21 against EBITDA loss of Rs. 33 crs in Q2FY21 6
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• • Revenue of Rs. 204 crs in Q3FY21 against revenue of Rs. 171 crs in Q2FY21 EBITDA profit of Rs. 8 crs in Q3FY21 against EBITDA loss of Rs. 33 crs in Q2FY21 6 SIGNIFICANT MARKET OPPORTUNITIES  G
Rs. 33
ainst revenue of Rs. 171 crs in Q2FY21 EBITDA profit of Rs. 8 crs in Q3FY21 against EBITDA loss of Rs. 33 crs in Q2FY21 6 SIGNIFICANT MARKET OPPORTUNITIES  Globally there is a huge thrust on renewable
175 GW
and ESG compliance today are global priorities.  India has announced a renewable energy target of 175 GW by 2022 and a target of 450 GW by 2030. Similar major announcements have been made by various count
Guidance — 18 items
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In particular, such statements should not be regarded as a projection of future performance of IWL.
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 We expect high growth Q4 onwards on the back of new supplies for the existing order book as well as commissioning revenues.
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 Significant repeat order(s) are on the verge of closure ; expect announcements shortly.
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4 OPERATIONAL HIGHLIGHTS Operations  Execution of the Continuum project is in full swing and commissioning of turbines will take place progressively in the near future.
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 All future project executions at Dayapar (Gujarat) including the Continuum order will be on a plug and play basis given the common infrastructure which includes the 220 KV transmission line, the 220 KV substation and bay are already in place.
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 India has announced a renewable energy target of 175 GW by 2022 and a target of 450 GW by 2030.
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These hybrid parks will be on a plug and play model where in the land and power evacuation facilities will be provided by the state/development agencies.
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 Hybrid Tenders are increasingly gaining traction wherein the minimum wind capacity will be 33% of the contracted capacity.
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 NTPC has announced a renewable energy target of 32 GW by 2032.
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 We are fully focused and on track for the launch of 3.3 MW WTG and expect the prototype to be in place in the near future.
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Risks & concerns — 3 flagged
These statements are not guarantees of future performance, and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond IWL’s control and difficult to predict, that could cause actual results, performance or achievements to differ materially from those in the forward looking statements.
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 The impact of COVID -19 lock down on the Revenue and Margins is now behind us.
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5.5 3.2 3.3 2.3 1.7 1.7 2 2.3 Tariff Cap Removed 2.99 1.7 1.5 2.1 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 Feed In Tariff Regime (FIT) Auction Regime Impact of the abrupt transition to Auction Regime from FIT Regime seen in wind installations in FY18, FY19 and FY 20.
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Opening remarks
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INOXWIND Sub: Disclosure of Material Event/ Information under Regulation 30 of SEBI (listing 2015 - Earnings and Disclosure Requirements) Regulations, Obligations Presentation Dear Sir/Madam, Pursuant to the Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed a copy of the Earnings Presentation on the Standalone and Consolidated Unaudited Financial Results ofthe Company for the quarter and nine months ended 31stDecember, 2020. The said Earnings Presentation is also being uploaded on the Company's website, www.inoxwind.com, We request you to please take the above on record. Thanking You Encl: As above INOX WIND LIMITED, Plot No. 17, Sector 16 A, Noida-201 301, (U.P.), INDIA. Phone: +91-120-6149600, Fax: +91-120-6149610 Registered Office: Plot No.1, Khasra No.264 to 267, IndustrialArea, Village-Basal, Distt. Una-174 303, (H.P.) INDIA. Tel: +91-1975-272001 CIN : L31901HP2009PLC031083, E-mail:
State auction
50MW LOI for 3.3 MW from Adani Agreement signed with leading MNC IPP for 3.3 MW Order from Continuum Supplied Net order book 950 54 (380) 624 501.6 23.1 250 (70) 180 •Above order book will translate into revenues of ~Rs.7800 crores over the next ~ 24 months. Total 1328.7 9 TECHNOLOGY  Inox Wind extends its existing 2MW product offering with the launch of the 3.3MW wind turbines which are ideally suited for low wind regimes in India. Technical Specification Rated power: 3300KW The newly launched 3.3MW turbine is a globally operating proven platform which will further improve energy yields and reduce levelized cost of electricity. The 3.3MW wind turbine will have a 146 meter rotor dia which will probably be the largest rotor dia in India and will be available in a host of hub heights which can be selected as per site conditions. Drive Train : DF, 6 Pole Generator Turbine Design : AMSC, Austria Rotor diameter : 146m Tower construction type : Tubular Steel Cut-in wind speed (10 mi
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