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P K s a n w o n k ylr e mr o F( 8 0 C L P 8 0 0 2 J G 2 0 1 0 4 L : NI C c O : e t a D nI f o e g n a h c x E k c o t S l a n oi t a N , a z al P e g n a h c x E , x el p m o C al r u K a r d n a B 1 5 0 0 0 4 - i a b m u M , ) E( a r d n a B N E E R GI P K :l o b m y S f o e c n a m r o f r e p 3 2 Y F 2 Q s s e r P r o t s e v nI e h t h ti w e r e h d e h c a t t a e . y n a p m o C e ) d e ti mi L D E ) d eti mi L 2 0 3 3 1 r e b o t mi L ai d oi t a t n e 9 91 e c ni S k. w w w 2 2 0 2 , 8 d e ti n ni t a t s 4 p g g r o u p c. o ® KPI GREEN ENERGY LIMITED EARNING PRESENTATION Q 2 F Y 2 3 S E P T E M B E R 2 0 2 2 COMPANY SNAPSHOT We are a prominent solar power generating company in Gujarat with over 28 years of experience in renewable energy. Our large land bank enables us to generate and supply 200+ MW 458+ MW 1000+ acre power as Independent Power Producer (IPP) Cumulative Power evacuation Land bank and Captive Power Producer (CPP) under capacity capacity (Owned + Leased) the ‘Solarism’ brand. Our team of experts and scientists optimise our solar plants and help provide uninterrupted solar power to our reputed clients. 1630.46 Crore 282.96 Crore 62.57 Crore Market Total Revenue Profit before tax capitalisation H1FY23 for H1FY23 (As on October 18, 2022) 2 KPI GREEN ENERGY LIMITED BUSINESS SEGMENTS Independent Power Producer (IPP) Captive Power producer (CPP) Industrial plot sale 3 KPI GREEN ENERGY Independent Power Producer (IPP) We are leader in solar energy under third party sale business in Gujarat. We develop and maintain grid-connected IPP solar power projects under the ‘Solarism’ brand. We generate revenue 13% A- by supplying the power, generated from our solar 100+ MW power plants to reputed business houses through Revenue share Rated Renewable Consolidated Power Purchase Agreements (PPA). of IPP in H1FY23 Energy Company by Cumulative Our Solarism plant is located at more than 15 ICRA capacity energised locations at Bharuch district, Gujarat. We have also established 66 KV and 11 KV transmission lines for evacuation of the solar power generated from our solar plants to the Gujarat Energy Transmission Corporation Limited (‘GETCO’) substations located nearby our solar plants. Pursuant to the announcement of the 458+ MW 16+ MW 6.56 Crore Government of India's hybrid power policy and the GERC's lucrative tariff order, We have already Cumulative power Order in Hand Cumulative units evacuation approval received under Hybrid generated under IPP started to set up, own, and operate hybrid from GETCO IPP in Q2FY23 in H1FY23 (Approx.) renewable energy projects, by adding the same in our own power generating asset portfolio, to generate power and sell it to our corporate customers. 4 KPI GREEN ENERGY LIMITED Unit generation growth under IPP 20.0 FY16 16.0 FY17 13.1 FY18 78.1 FY19 26.4 FY20 49.7 FY21 93.01 (in Cr) FY22 44.4 H1 FY22 65.6 (in Cr) H1 FY23 (Approx.) 5 KPI GREEN ENERGY LIMITED Captive Power Producer (CPP) We develop, transfer, operate and maintain grid-connected solar power projects for our CPP customers. We generate revenue through the CPP model by selling Solar power project 87% 38+ MW 100+ MW to customers to meet their requirements. The captive solar plants help companies save on Revenue share of Cumulative Consolidated electricity expenses as the cost per unit for CPP in H1FY23 Capacity energized cumulative capacity captive plants is lower than that from DISCOM. in Q2FY23 energised We strive to provide absolute value to our customers through our turnkey solutions. This provides them access to common power evacuation infrastructure along with a pool of grid-connected land to generate solar power. We also offer Operation and Maintenance Services (O&M) through a separate O&M 86+ MW 1 Crore 25 year agreement to our customers. This provides us with a long-term annuity stream of revenue. Order in hand O&M and Annuity revenue (77+ Order in hand Lease Income from O&M In accordance with the hybrid power policy, under Solar CPP) till H1FY23 we have also begun to operate and maintain (9+ Order in hand hybrid power projects for our CPP customers in under Hybrid CPP) order to meet their hybrid power needs. 6 KPI GREEN ENERGY LIMITED PERFORMANCE Since 1994 ® HIGHLIGHTS Independent Power Captive Power Overall Producer (IPP) Producer (CPP) performance °:-·4 100+ MW 100+ MW 200+ MW Consolidated IPP Consolidated CPP Consolidated IPP+CPP Capacity energised till capacity energised till capacity energised till H1FY23 H1FY23 H1FY23 33+ MW 77+ MW 110+ Consolidated PPAs Consolidated CPP Consolidated Solar in hand order in hand IPP+CPP Orders in hand 16+ 9+ 12.57% Consolidated Hybrid Consolidated Hybrid Portfolio CUF in Q2FY23 PPAs in hand CPP order in hand (Approx.) • 7 KPI GREEN ENERGY LIMITED · ... . . ·· P. °:-·4 . .. . . c,/·······b · www.kpgroup.co . ···.P .. .. . . . c,/·······b OPERATION AND MAINTENANCE (O&M) An experienced O&M team ensures SCADA Drone Thermal micromanagement of each solar plants, shots imaging delivering superior operational performance through proactive approach. Details like SCADA is used for We regularly We conduct thermal dust, regular cleaning of panels with water real-time monitoring capture the images imaging of our solar and maintaining optimum performance of the key performance of our plant using installations for on- parameters of all drones to monitor site evaluation. This is plants are meticulously taken care by the plants. The system any potential an efficient method O&M team. helps in timely fault damage in the to detect losses and detection in the solar panels. This local potential faults. Monitoring solar plant which increases the The data/images helps the control efficiency and so obtained help us We implement modern and latest technology room at the site accuracy of data plan the actions for like SCADA & CCTC throughout our plants to take corrective collection compared improvements of plant actions. The system to manual data performance. and offices for monitoring and enhancing also helps analyse collection. efficiency and productivity. realtime data including radiation, temperature and wind speed for effective decision making. 8 KPI GREEN ENERGY LIMITED OUR STRENGTHS Since 1994 ® www.kpgroup.co Team of experts Governance Excellent Power evacuation Existing Superior quality throughput system synergies The team All the activities Our engineers We focus on We are We have stringent consists of Ex- in the Company, have structured creating the leveraging the quality criteria ISRO scientists, right from our each site in necessary power manufacturing for our suppliers Ex- Government shop floor to our order to ensure evacuation expertise of with a carefully employees power plants, continuous infrastructure KP Buildcon designed and visionaries are continuously solar radiation, even before Private Limited, matrix. We who help us monitored by shadow-free investing heavily another arm of have increased in innovating, the management site area with in our solar the KP Group, samples for liaising and through regular abundant power plants. to carry out the testing which achieving visits and online insolation and Our 66KV & 11KV Engineering helps in reducing operational monitoring. continuous wind transmission Procurement the damage to excellence. to keep the lines connect our and Construction solar cells. panels at optimal Solarism plants (EPC) activities. temperature. to the GETCO substations. 9 KPI GREEN ENERGY LIMITED PROFIT AND LOSS STATEMENT ® (Standalone) www.kpgroup.co (Rs. in Crores) Particulars Q2FY23 Q1 FY23 Q2FY22 Revenue from operations 136.09 116.40 55.47 Total income 136.31 116.81 55.73 Total operating expense 95.72 83.03 33.57 EBITDA 45.29 38.35 23.73 Interest cost* 8.66 8.47 7.57 Depreciation and amortisation 4.69 4.57 1.57 Profit before taxes 31.93 25.31 14.59 Tax expense 13.14 1.92 2.69 Profit after tax 18.80 23.39 11.90 EPS 10.40 12.94 6.59 *Interest cost of Q2 FY23 consists Lease Finance Cost of Rs.3.30Cr • 10 KPI GREEN ENERGY LIMITED BALANCE SHEET ® (Standalone) www.kpgroup.co (Rs. in Crores) Q2FY23 FY22 Particulars Unaudited Audited Shareholders Fund 193.23 155.36 Non Current Liabilities 463.23 364.80 Current Liabilities 156.76 161.65 Total 813.22 681.81 Non Current Assets 508.43 471.31 Current Assets 304.79 210.50 Total 813.22 681.81 * Out of Total Liabilities of Q2FY23, Total Bank Borrowing is Rs.322.13 Cr & Provision for Lease liability as per IND AS 116 is Rs.127.36 Cr. • 11 KPI GREEN ENERGY LIMITED SEGMENT WISE RESULTS ® (Standalone) www.kpgroup.co (Rs. in Crores) Particulars Q2FY23 Q1 FY23 Q2FY22 Revenues Solar power and solar power plant 135.92 116.40 53.41 Plot 0.16 - 2.06 Segment result Solar power and solar power plant 40.01 32.24 18.03 Plot 0.21 -0.12 1.82 Capital employed Solar power and solar power plant -1.18 107.82 75.66 Plot 0.93 2.60 4.40 • 12 KPI GREEN ENERGY LIMITED PROFIT AND LOSS STATEMENT ® (Consolidated) www.kpgroup.co (Rs. in Crores) Particulars Q2FY23 Q1 FY23 Q2FY22 Revenue from operations 159.84 122.33 57.43 Total income 160.14 122.81 57.70 Total operating expense 112.71 85.72 35.18 EBITDA 53.07 42.35 24.09 Interest cost* 11.08 10.88 7.57 Depreciation and amortisation 5.64 5.26 1.57 Profit before taxes 36.35 26.22 14.94 Tax expense 15.19 3.99 2.69 Profit after tax 21.16 22.23 12.26 EPS 11.71 12.31 6.78 *Interest cost of Q2 FY23 consists Lease Finance Cost of Rs.3.35Cr • 13 KPI GREEN ENERGY LIMITED BALANCE SHEET ® (Consolidated) www.kpgroup.co (Rs. in Crores) Q2FY23 FY22 Particulars Unaudited Audited Shareholders Fund 192.82 153.74 Non Current Liabilities 541.92 440.66 Current Liabilities 196.34 182.94 Total 931.08 777.34 Non Current Assets 551.61 515.30 Current Assets 379.47 262.04 Total 931.08 777.34 * Out of Total Liabilities of Q2FY23, Total Bank Borrowing is Rs.416.14 Cr & Provision for Lease liability as per IND AS 116 is Rs.129.33 Cr. • 14 KPI GREEN ENERGY LIMITED SEGMENT WISE RESULTS ® (Consolidated) www.kpgroup.co (Rs. in Crores) Particulars Q2FY23 Q1 FY23 Q2FY22 Revenues Solar power and solar power plant 159.68 122.33 55.38 Plot 0.16 - 2.06 Segment result Solar power and solar power plant 44.44 33.19 18.48 Plot 0.21 -11.87 1.82 Capital employed Solar power and solar power plant 69.42 167.10 191.63 Plot 0.93 2.60 4.40 • 15 KPI GREEN ENERGY LIMITED RESULT DISCUSSION Biggest Order from The Hybrid Power Record Breaking Highest Ever Projects: Total Revenue: EPS: Single Client: The Company has The Company has The Company has The EPS for half bagged the biggest also commenced its shown a remarkable year FY23 stood at order for executing operations towards achievement in terms INR 24.02, which is the Solar Power setting up of a 16.1MW of half yearly Total even higher than the Project of 26.60MW Hybrid Power Project Revenue at Annual EPS at INR (23.60 MW + 3.00 (16.1MW Wind + 10MW INR 282.96 Crs 23.93 for FY22. MW) from Nouveau Solar), totalling to which is highest Group. 26.1MW under IPP ever until now and is Segment and has also higher than the also bagged Hybrid Annual Total Revenue Power Project orders of FY22. for a total 9.60MW (9.60MW Wind + 7MW Solar) totalling to 16.6MW under the CPP segment. 16 KPI GREEN ENERGY LIMITED FINANCIAL HIGHLIGHTS Quarterly EBITDA Margin (in %) %41.33 %94.43 %57.14 EBITDA 90.42 53.24 70.35 Total Revenue (H in Cr) (H in Cr) 34.75 33.221 48.951 PAT (H in Cr) 62.21 32.22 61.12 Net Profit Margin (in %) %12.31 22 YF 2Q %01.81 32 YF 1Q 32 YF 2Q %42.12 22 YF 2Q 32 YF 1Q 32 YF 2Q EPS (in H/ Share) 87.6 13.21 17.11 Interest Coverage Ratio (in times) 22 YF 2Q 32 YF 1Q 32 YF 2Q 79.2 22 YF 2Q 14.3 32 YF 1Q 82.4 32 YF 2Q 22 YF 2Q 32 YF 1Q 32 YF 2Q 22 YF 2Q 32 YF 1Q 32 YF 2Q 22 YF 2Q 32 YF 1Q 32 YF 2Q ® www.kpgroup.co • 17 KPI GREEN ENERGY LIMITED MARKET STATISTICS Shareholding 1630.46 Crore 542323 KPIGREEN Market BSE scrip code NSE symbol Capitalisation (As on October 18, 2022) 1.80 Crore 963.95 902.45 Current price Total shares 52 week (As on October 18, 2022) high price 54.70% Promoter shareholding 45.29% Public shareholding 18 KPI GREEN ENERGY LIMITED GOING FORWARD We have an ambitious target of reaching 1000 MW capacity by 2025 which is aligned with the nation's goal of reaching 450 GW by 2030 Independent Power Producer • Achieving annuity based income through Own IPP • Cumulative portfolio target of 250 MW by 2025 Captive Power Producer • Achieving one time as well as an annuity based OMS and Lease income from CPP • Cumulative portfolio target of 750 MW by 2025 Wind-Solar Hybrid We have also ventured into wind-solar hybrid due to its added benefits, flexibility and grid stability. 19 KPI GREEN ENERGY LIMITED CONTACT DETAILS KPI Green Energy Limited ‘KP House’, Opp Ishwar Farm Junction BRTS, Near Bliss IVF Circle, Canal Road, Bhatar, Surat - 395 017, Gujarat, India +91 261 2244757 info@kpgroup.co www.kpigreenenergy.com Ms. RAJVI UPADHYAY Company Secretary and Compliance Officer cs@kpgroup.co 20 KPI GREEN ENERGY LIMITED DISCLAIMER ® www.kpgroup.co 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. Such information and opinions are in all events not current after the date of this presentation. Certain statements made in this presentation may not be based on historical information or facts and may be ‘forward-looking statements’ based on the currently held beliefs and assumptions of the management of 'KPI Green Energy Limited (formerly known as K.P.I. Global Infrastructure Limited) ('the company') which are expressed in good faith and in their opinion reasonable, including those relating to the Company’s general business plans and strategy, its future financial condition and growth prospects and future developments in its industry and its competitive and regulatory environment. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance or achievements of the Company or industry results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements, including future changes or developments in the Company’s business, its competitive environment and political, economic, legal and social conditions. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forwa rd looking statements. The Company disclaims any obligation to update these forward-looking statements to reflect future events or developments. This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe to any securities. This presentation may not be copied or disseminated, in whole or in part, and in any manner. • 21 KPI GREEN ENERGY LIMITED