Inox Wind Limited

rs,

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

Rs. 169

E  FINANCIALS 3 OPERATIONAL HIGHLIGHTS Operations  The Company has recorded Gross Revenue of Rs. 169 Crs. for Q1FY22 as compared to Rs. 97 Crs. for Q1FY21 resulting in an increase of ~ 74%.  The Com

Rs. 97

TS Operations  The Company has recorded Gross Revenue of Rs. 169 Crs. for Q1FY22 as compared to Rs. 97 Crs. for Q1FY21 resulting in an increase of ~ 74%.  The Company continued to be EBITDA positive w

74%

nue of Rs. 169 Crs. for Q1FY22 as compared to Rs. 97 Crs. for Q1FY21 resulting in an increase of ~ 74%.  The Company continued to be EBITDA positive with EBITDA of Rs. 2.7 Crs for Q1 FY22, as compared

Rs. 2.7

1 resulting in an increase of ~ 74%.  The Company continued to be EBITDA positive with EBITDA of Rs. 2.7 Crs for Q1 FY22, as compared to negative EBITDA of Rs. 26 Crs. for Q1 FY21.  During the quarter,

Rs. 26

ed to be EBITDA positive with EBITDA of Rs. 2.7 Crs for Q1 FY22, as compared to negative EBITDA of Rs. 26 Crs. for Q1 FY21.  During the quarter, production and execution was impacted due to the 2nd wave o

3.3 MW

e sets was delayed. Now production and execution is in full swing.  We are on track to launch the 3.3 MW turbine during this wind season.  Execution of the Continuum project, Nani Virani (SECI II SPV) a

1300.7 MW

commissioning of turbines is taking place progressively.  Our consolidated order book stands at 1300.7 MW. 4 FINANCIAL HIGHLIGHTS More Balance Sheet Actions on the card:  The Company is contemplating

rs 7

• • Retiring high cost debts Reduction in financial costs Leveraging IWISL equity amongst others 7 SIGNIFICANT MARKET OPPORTUNITIES  The Intergovernmental Panel on Climate Change (IPCC) issued, arg

175 GW

id actions to achieve net zero emission target.  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

450 GW

emission target.  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 countries globally including China t

1200 GW

lar major announcements have been made by various countries globally including China to the tune of 1200 GW by 2030.  Prime Minister Narendra Modi inaugurated the world’s largest Hybrid Renewable Energy P

“ The Company is contemplating raising funds by way of NCDs, the proceeds of which will be utilised inter alia to optimise working capital and retire high cost debt.”

“The first turbine will be operational in the ongoing wind season and the commercial production shall commence immediately thereafter.”

“ Given the way the market is developing, we expect to have an increased proportion of equipment supply which will reduce the EPC work and related risks to a significant extent.”

“For India and the World the message is clear: need to take rapid actions to achieve net zero emission target.”

“ India has announced a renewable energy target of 175 GW by 2022 and a target of 450 GW by 2030.”

“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.”

“ Hybrid Tenders are increasingly gaining traction wherein the minimum wind capacity will be 33% of the contracted capacity.”

“ NTPC has recently doubled its renewable target to 60 GW to be achieved by 2032.”

“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.”

“ Moreover, with the increase in the fleet size on the back of strong auction order inflow, we expect this revenue stream to pick up strongly in the coming years.”

More Balance Sheet Actions on the card

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State auction

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More Balance Sheet Actions on the card

 The Company is contemplating raising funds by way of NCDs, the proceeds of which will be utilised inter alia to optimise working capital and retire high cost debt. It will also lead to improve the short term fund availability of the Company.  Certain other initiatives are in progress which will lead to significant reduction in financial costs. Financials  Revenue and EBITDA compared to corresponding quarter : • • Revenue of Rs. 169 Crs in Q1 FY22 against revenue of Rs. 97 Crs in Q1 FY21 EBITDA of Rs. 2.7 Crs in Q1 FY22 against EBITDA loss of Rs. 26 Crs in Q1 FY21 5 NEW HOLDING COMPANY OF WIND BUSINESS  Inox is committed to creating value for its stake holders. As a part of the same, the Wind Business has been demerged from GFL Limited and a new entity Inox Wind Energy Limited (IWEL) is now the new holding company of IWL by the way of a Composite Scheme of Arrangement between GFL Limited, Inox Renewables Limited and Inox wind Energy Limited (the “Scheme”) approved by National Compa

State auction

50MW Agreement signed with leading MNC IPP for 3.3 MW ( C) Order from Continuum Supplied Net order book (D) 23.1 250 (94) 156 Total (A+B+C+D) 1300.7 •Above order book will translate into revenues of ~Rs.7600 crores over the next ~ 24 months. 10 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 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 min mean) Vin : 2.9 m/s Rated wind speed (st