The document is a presentation by Suzlon Energy Limited on its FY14 results. It discusses how the company has turned positive after 7 quarters with an EBITDA of Rs. 328 crores and EBIT of Rs. 116 crores in Q4 FY14, compared to losses in the previous year, driven by ramping up volumes, improved margins, and reduced costs. Key highlights included concluding FCCB negotiations, asset sales of over Rs. 700 crores, and completing its project transformation program, while its subsidiary Senvion continued its strong performance.
Suzlon - H1 FY 12 Earnings PresentationSuzlon Group
This document is an earnings presentation by Suzlon Energy Limited for the first half of fiscal year 2012. It provides the following key information:
- Revenues grew 52% year-over-year for the first half, and the company is on track to meet full-year guidance.
- The order backlog stands at approximately $6.5 billion, 20% higher than the previous year.
- The sale of the company's stake in Hansen Transmissions generated $187 million in proceeds.
- REpower's order backlog is approximately $4.1 billion, with a balanced portfolio across strong markets and large utility customers.
Pesentation Slides on Keppel Pegasus' Final Consideration for SPH ex-mediaKeppelCorporation
This document outlines Keppel Pegasus' final consideration for acquiring Singapore Press Holdings Limited (SPH) excl. SPH Media. The final consideration of S$2.351 per SPH share represents a 12% increase from the initial consideration and a 57% premium over SPH's unaffected price. It provides SPH shareholders with the highest transaction certainty and minimizes deal closure uncertainty. The acquisition also represents a compelling opportunity for Keppel to acquire a synergistic platform and expand its asset management business, while remaining earnings accretive on a pro forma basis. An indicative timetable is provided for remaining transaction milestones.
Propertylink Group presented its full year 2017 results, highlighting several financial and operational achievements including:
- Distributable earnings of $45.3 million exceeding forecasts.
- Distribution of 6.32 cents per share, with a payout ratio of 84%.
- Net tangible assets increased 16% to 87.3 cents per share since IPO.
- Occupancy increased to 97% and weighted average lease expiry increased to 4.4 years.
- $500 million in property acquisitions during the year to grow the portfolio.
The presentation covered Propertylink's financial results, balance sheet metrics, operating segments and market trends, as well as details on actively managing its wholly owned industrial property portfolio.
The presentation summarizes Finning International's investor presentation from June 2014. It discusses Finning's focus on improving return on invested capital through initiatives to boost profitability, better manage working capital, and increase capital discipline. The presentation also highlights growth opportunities in regions where Finning operates such as increasing oil sands production, potential LNG exports from Western Canada, continued copper growth in Chile, and an economic recovery in the UK.
Markit reported financial results for Q4 and full year 2014 with revenue increasing 11.3% and 12.4%, respectively. Adjusted EBITDA grew 15% in Q4 and 15.9% for the full year. All business segments saw revenue growth in 2014, with Solutions growing the fastest at 31.7% followed by Processing at 7.4% and Information at 5.9%. Net debt was reduced by 36.3% through strong operating cash flow and capital expenditure control.
India Equity Analytics today by Narnolia Securities Limited. We recommended Reliance and Emami Ltd to BUY the stock with target price of Rs 1040 and Rs635 respectively. Also book profit on Kotak bank stock.
The document summarizes CNO Financial Group's 4Q13 financial and operating results. Key points include:
- Businesses continued performing well with sales, premium, and earnings growth.
- Returning value to shareholders while continuing on path to investment grade status.
- Completed an OCB long-term care reinsurance transaction that reduced LTC exposure by 12% and was accretive to earnings.
- Investments in distribution channels drove consolidated sales growth of 6% for 2013.
- 4Q and full year results showed strength in annuity margins, investment returns, and OCB performance.
- Capital and liquidity positions remained strong with deployable capital of $160 million.
The presentation provides an overview of Finning International's business and recent financial performance. Some key points:
- Finning is the world's largest Caterpillar dealer, operating in Canada, South America and Europe.
- It is focusing on five operational priorities to improve returns: service excellence, supply chain, market leadership, asset utilization and talent management.
- The company has a diversified business across geography and end markets to mitigate volatility. It is also balancing new equipment sales with higher-margin product support.
- In response to downturns in South America and Canada, Finning has reduced costs while maintaining margins and free cash flow generation.
Suzlon - H1 FY 12 Earnings PresentationSuzlon Group
This document is an earnings presentation by Suzlon Energy Limited for the first half of fiscal year 2012. It provides the following key information:
- Revenues grew 52% year-over-year for the first half, and the company is on track to meet full-year guidance.
- The order backlog stands at approximately $6.5 billion, 20% higher than the previous year.
- The sale of the company's stake in Hansen Transmissions generated $187 million in proceeds.
- REpower's order backlog is approximately $4.1 billion, with a balanced portfolio across strong markets and large utility customers.
Pesentation Slides on Keppel Pegasus' Final Consideration for SPH ex-mediaKeppelCorporation
This document outlines Keppel Pegasus' final consideration for acquiring Singapore Press Holdings Limited (SPH) excl. SPH Media. The final consideration of S$2.351 per SPH share represents a 12% increase from the initial consideration and a 57% premium over SPH's unaffected price. It provides SPH shareholders with the highest transaction certainty and minimizes deal closure uncertainty. The acquisition also represents a compelling opportunity for Keppel to acquire a synergistic platform and expand its asset management business, while remaining earnings accretive on a pro forma basis. An indicative timetable is provided for remaining transaction milestones.
Propertylink Group presented its full year 2017 results, highlighting several financial and operational achievements including:
- Distributable earnings of $45.3 million exceeding forecasts.
- Distribution of 6.32 cents per share, with a payout ratio of 84%.
- Net tangible assets increased 16% to 87.3 cents per share since IPO.
- Occupancy increased to 97% and weighted average lease expiry increased to 4.4 years.
- $500 million in property acquisitions during the year to grow the portfolio.
The presentation covered Propertylink's financial results, balance sheet metrics, operating segments and market trends, as well as details on actively managing its wholly owned industrial property portfolio.
The presentation summarizes Finning International's investor presentation from June 2014. It discusses Finning's focus on improving return on invested capital through initiatives to boost profitability, better manage working capital, and increase capital discipline. The presentation also highlights growth opportunities in regions where Finning operates such as increasing oil sands production, potential LNG exports from Western Canada, continued copper growth in Chile, and an economic recovery in the UK.
Markit reported financial results for Q4 and full year 2014 with revenue increasing 11.3% and 12.4%, respectively. Adjusted EBITDA grew 15% in Q4 and 15.9% for the full year. All business segments saw revenue growth in 2014, with Solutions growing the fastest at 31.7% followed by Processing at 7.4% and Information at 5.9%. Net debt was reduced by 36.3% through strong operating cash flow and capital expenditure control.
India Equity Analytics today by Narnolia Securities Limited. We recommended Reliance and Emami Ltd to BUY the stock with target price of Rs 1040 and Rs635 respectively. Also book profit on Kotak bank stock.
The document summarizes CNO Financial Group's 4Q13 financial and operating results. Key points include:
- Businesses continued performing well with sales, premium, and earnings growth.
- Returning value to shareholders while continuing on path to investment grade status.
- Completed an OCB long-term care reinsurance transaction that reduced LTC exposure by 12% and was accretive to earnings.
- Investments in distribution channels drove consolidated sales growth of 6% for 2013.
- 4Q and full year results showed strength in annuity margins, investment returns, and OCB performance.
- Capital and liquidity positions remained strong with deployable capital of $160 million.
The presentation provides an overview of Finning International's business and recent financial performance. Some key points:
- Finning is the world's largest Caterpillar dealer, operating in Canada, South America and Europe.
- It is focusing on five operational priorities to improve returns: service excellence, supply chain, market leadership, asset utilization and talent management.
- The company has a diversified business across geography and end markets to mitigate volatility. It is also balancing new equipment sales with higher-margin product support.
- In response to downturns in South America and Canada, Finning has reduced costs while maintaining margins and free cash flow generation.
The document is an investor presentation given by the CFO of Finning International Inc. at an institutional investor conference. It outlines Finning's business model and priorities to improve return on invested capital. Key points include:
- Finning has a compelling business model as the largest Caterpillar dealer with a large equipment population that drives embedded product support growth.
- Priorities around costs, working capital management, and capital investment are aimed at growing profit faster than revenue and improving returns.
- The company sees opportunities to optimize past investments and take a more disciplined approach to capital spending.
- These initiatives are expected to strengthen Finning's balance sheet by lowering debt levels and generating positive free cash flow through
- The document provides preliminary financial results for FY 2015, including a 16% increase in adjusted operating profit to £225 million and a 19% rise in adjusted earnings per share to 120.5p.
- The banking division saw a 15% increase in adjusted operating profit to £208.7 million, with an 8.5% rise in its loan book. Securities delivered a resilient performance with adjusted operating profit of £24.6 million.
- Asset management continued its good progress with adjusted operating profit up 80% to £17.8 million, driven by higher investment management income.
Zep Inc. held its fourth quarter fiscal 2014 earnings conference call on November 12, 2014. In the call, Chairman and CEO John K. Morgan and CFO Mark R. Bachmann discussed the company's financial results and outlook. They noted record fourth quarter revenue of $186.8 million, up 2.5% year-over-year on an organic basis. Gross margins were impacted by higher freight costs and raw material sales. The company is making investments to accelerate organic growth in its North American business and recovering from a May 2014 fire at its aerosol manufacturing plant.
Investor Presentation on Acquisition of Singapore Press Holdings Limited excl...KeppelCorporation
The document summarizes a proposed transaction where Keppel Pegasus Pte. Ltd., a wholly-owned subsidiary of Keppel Corporation Limited, will acquire 100% of Singapore Press Holdings excl. media ("SPH") via a scheme of arrangement. Key terms include Keppel Pegasus offering S$0.668 cash per SPH share and 0.596 Keppel REIT units per SPH share, for a total offer value of approximately S$2.2 billion. SPH will also distribute 0.782 SPH REIT units per share to its shareholders. The transaction is subject to regulatory approvals and SPH divesting its media business.
This document is Textron's Q1 2014 earnings call presentation which provides key financial data and outlook for Q1 2014 and full year 2014. Some highlights include:
- Revenues for Q1 2014 were $2.85 billion compared to $2.86 billion in Q1 2013.
- Acquisition of Beechcraft negatively impacted earnings by $22 million in Q1 2014 and is expected to impact earnings by $34 million for full year 2014.
- Full year 2014 guidance ranges from $1.92 to $2.12 for EPS and $600 million to $700 million for manufacturing cash flow before pension contributions.
- Finance segment 60+ day delinquencies increased to $125 million in Q1
This document contains the Q1 FY2017 earnings results presentation from Nimble Storage. It discusses Nimble's strong revenue growth, gross margins, and cash position. Key highlights include 82% growth in revenue, gross margins between 63-65%, and over $200M in cash. The presentation outlines Nimble's strategies to continue driving revenue growth through new customer acquisition, larger transactions, and expanding existing customers. Financial guidance for Q2 FY2017 projects revenue of $93-96M and a non-GAAP operating loss of $16-18M.
This document outlines the management team, vision, mission, objectives and strategy of Andrews. Dylan Whittaker and Ronak Panickar lead the management team as President and VP of various departments respectively. The mission is to create shareholder value through quality production practices. Financial and non-financial goals for Year 8 are provided along with actual performance. Competitor Digby is analyzed, with Andrews having advantages in profit generation and financing but disadvantages in returns and R&D. The broad strategy is to reduce costs and become a cost leader through TQM investments. Sales forecasts and actuals are given for key products along with sustainability initiatives. Consistency, identifying competencies, marketing and TQM are concluded to lead to competitive advantages
- The company reported financial results for the fourth quarter and full year of 2014.
- For the Gafisa segment, net pre-sales fell 61% year-over-year in 4Q14. Adjusted EBITDA was R$81.8 million with a 16.7% margin.
- For the Tenda segment, launches increased 173% year-over-year in 4Q14 while pre-sales fell 23%. Adjusted EBITDA was negative R$30.9 million.
- Consolidated net revenue increased 31% quarter-over-quarter. Adjusted gross profit rose 9% and adjusted gross margin was 30.2%.
Petrofac reported net profit of $581 million for 2014, in line with previous guidance. The company has a record backlog of $18.9 billion providing revenue visibility through 2015 and beyond. Impairment charges were taken on certain projects totaling $461 million. The company is well positioned competitively with a focus on cost optimization and maintaining margins.
Zep Inc. August 2014 Investor PresentationZep Inc.
Zep Inc. held an investor presentation in August 2014 to provide an overview of the company and its outlook. The presentation discussed Zep's portfolio of brands serving transportation, industrial/MRO, and jan/san markets. It highlighted trends favoring these end markets as well as Zep's history of acquisitions and initiatives to streamline operations and reduce complexity. Zep has generated strong revenue and earnings growth but expects near-term challenges from a fire that impacted its aerosol production capacity. Overall sales are projected to be flat to down in the next 2-3 quarters before capacity is restored.
Presentation by LafargeHolcim management, Miljan Gutovic and Jamie Gentoso to members of the financial community at LafargeHolcim Capital Markets Day 2018
The document provides an investor update from Finning International, a heavy equipment dealer. It discusses Finning's business outlook and priorities. Finning operates in three regions - Canada, South America, and the UK/Ireland. It aims to grow market share and improve operational efficiencies in areas like service excellence, supply chain management, and talent development. Finning also highlights its response to recent economic downturns, focus on safety, and progress in strengthening its financial position and balance sheet.
- The document provides financial and operating results for CNO Financial Group for the 4th quarter of 2014, including earnings highlights and sales results.
- Key highlights included continued growth in the franchise, strong capital ratios, and $376.5 million spent on share repurchases for the full year.
- Sales growth outlook for 2015 is estimated at 3-6% overall, with individual segment expectations ranging from 3-8% growth.
This document describes a multi-level marketing opportunity that offers lifetime registration with no renewal fees. It outlines different levels or ranks within the program from entry level to higher ranks like Platinum Director and Honorary Director. As participants generate sales and recruit others to build their team, they can earn higher percentages in bonuses and royalties. The program also offers different streams of income and the ability to earn commissions around the clock through team building.
This document describes a multi-level marketing opportunity offering lifetime registration with no renewal fees. It provides different ways to earn income including bonuses, royalties, and incentives from building a team. There are 8 levels of achievement from Bronze to Honorary Director with increasing minimum purchase amounts and higher percentages earned from team sales. Members can earn around the clock through the incentive plan even while sleeping.
- ClubCorp delivered strong Q3 2015 results, with revenue up 25% year-over-year to $255 million and adjusted EBITDA up 21% to $55 million.
- The company executed on its three-pronged growth strategy of organic growth, reinvention of existing clubs, and acquisitions. In Q3, it added elements to 19 clubs and had another 13 under construction. It also acquired 8 new clubs.
- For full-year 2015, ClubCorp tightened its adjusted EBITDA guidance to a range of $232-236 million, representing 18-20% growth over 2014, due to strong year-to-date performance and accelerated reinvention plans for acquired clubs.
The company reported third quarter earnings that were below expectations due to gross margin pressure and SG&A deleverage in a difficult operating environment. It announced plans to close approximately 370 stores and reduce corporate overhead by 10% to improve profitability. For the fourth quarter, it expects comparable store sales to be flat with gross margin decline and SG&A deleverage impacting earnings per share to be in the range of $0.75 to $0.85. For the full year, it expects low-single-digit sales growth and low-single-digit comparable store sales decline with earnings per share of $3.07 to $3.17.
The document provides an overview of ClubCorp's fiscal year 2015 performance and execution of its three-pronged growth strategy. Some key points:
- FY2015 revenue was a record $1.053 billion, up 19% year-over-year, with adjusted EBITDA of $234 million, also up 19%. Membership excluding managed clubs grew 2.8% to approximately 173,000.
- Same-store revenue grew 3% and adjusted EBITDA grew 6%, with margins improving 100 basis points. Approximately 50% of members were enrolled in the O.N.E. upgrade program.
- In FY2015, ClubCorp acquired nine clubs and completed reinvention at 21 clubs. It
1. Rs. 1,800 crs Equity Infusion to accelerate growth
2. Suzlon delivers positive EBITDA for the 4th consecutive quarter
3. EBITDA Margin increases to 6.0% from (2.7%) YoY, on flat revenues of Rs. 4,954 crs
4. EBITDA increases to Rs. 295 crs from Rs. (137) crs YoY
5. Mr Tulsi Tanti, Chairman – Suzlon Group, said: “All the strategic initiatives are extremely crucial and will pave the way for our growth. These bold steps will strengthen our capital structure permanently, enabling significant deleveraging and liquidity to ramp up volumes rapidly. With our market leadership, technology strength, successful project execution and best in class service, Suzlon is best placed to capitalize on the opportunities offered by the renewable sector. We are convinced that the support from Dilipbhai Shanghvi and Family will help in creating a long term sustainable value for our stakeholders.
This presentation provides an overview of Suzlon Energy's financial performance in FY15 and strategic initiatives to improve its financial position. Key points include:
- Volume and revenues declined in FY15 due to liquidity constraints but EBITDA losses narrowed compared to prior years.
- Strategic transactions completed in Q1 FY16 including the Senvion sale and preferential allotment from DSA that raised ~Rs. 8,800 crores to reduce debt and boost liquidity for growth.
- Order backlog of 1,123 MW as of March 2015 with additional potential orders of 450 MW from a wind farm JV with DSA positioning Suzlon for volume growth.
Suzlon - Q4 FY 2010-11 Earnings PresentationSuzlon Group
Suzlon Energy Limited presented its Q4 FY 2010-11 earnings. Key highlights included:
- Volumes and EBIT continued to improve quarter-over-quarter.
- Suzlon had a strong order book of 4,639 MW backed by high order intake in India.
- Turbine availability was consistently above 97%.
- Outlook was positive with industry estimates projecting 15%+ annual growth in wind installations globally through 2015.
The document is an investor presentation given by the CFO of Finning International Inc. at an institutional investor conference. It outlines Finning's business model and priorities to improve return on invested capital. Key points include:
- Finning has a compelling business model as the largest Caterpillar dealer with a large equipment population that drives embedded product support growth.
- Priorities around costs, working capital management, and capital investment are aimed at growing profit faster than revenue and improving returns.
- The company sees opportunities to optimize past investments and take a more disciplined approach to capital spending.
- These initiatives are expected to strengthen Finning's balance sheet by lowering debt levels and generating positive free cash flow through
- The document provides preliminary financial results for FY 2015, including a 16% increase in adjusted operating profit to £225 million and a 19% rise in adjusted earnings per share to 120.5p.
- The banking division saw a 15% increase in adjusted operating profit to £208.7 million, with an 8.5% rise in its loan book. Securities delivered a resilient performance with adjusted operating profit of £24.6 million.
- Asset management continued its good progress with adjusted operating profit up 80% to £17.8 million, driven by higher investment management income.
Zep Inc. held its fourth quarter fiscal 2014 earnings conference call on November 12, 2014. In the call, Chairman and CEO John K. Morgan and CFO Mark R. Bachmann discussed the company's financial results and outlook. They noted record fourth quarter revenue of $186.8 million, up 2.5% year-over-year on an organic basis. Gross margins were impacted by higher freight costs and raw material sales. The company is making investments to accelerate organic growth in its North American business and recovering from a May 2014 fire at its aerosol manufacturing plant.
Investor Presentation on Acquisition of Singapore Press Holdings Limited excl...KeppelCorporation
The document summarizes a proposed transaction where Keppel Pegasus Pte. Ltd., a wholly-owned subsidiary of Keppel Corporation Limited, will acquire 100% of Singapore Press Holdings excl. media ("SPH") via a scheme of arrangement. Key terms include Keppel Pegasus offering S$0.668 cash per SPH share and 0.596 Keppel REIT units per SPH share, for a total offer value of approximately S$2.2 billion. SPH will also distribute 0.782 SPH REIT units per share to its shareholders. The transaction is subject to regulatory approvals and SPH divesting its media business.
This document is Textron's Q1 2014 earnings call presentation which provides key financial data and outlook for Q1 2014 and full year 2014. Some highlights include:
- Revenues for Q1 2014 were $2.85 billion compared to $2.86 billion in Q1 2013.
- Acquisition of Beechcraft negatively impacted earnings by $22 million in Q1 2014 and is expected to impact earnings by $34 million for full year 2014.
- Full year 2014 guidance ranges from $1.92 to $2.12 for EPS and $600 million to $700 million for manufacturing cash flow before pension contributions.
- Finance segment 60+ day delinquencies increased to $125 million in Q1
This document contains the Q1 FY2017 earnings results presentation from Nimble Storage. It discusses Nimble's strong revenue growth, gross margins, and cash position. Key highlights include 82% growth in revenue, gross margins between 63-65%, and over $200M in cash. The presentation outlines Nimble's strategies to continue driving revenue growth through new customer acquisition, larger transactions, and expanding existing customers. Financial guidance for Q2 FY2017 projects revenue of $93-96M and a non-GAAP operating loss of $16-18M.
This document outlines the management team, vision, mission, objectives and strategy of Andrews. Dylan Whittaker and Ronak Panickar lead the management team as President and VP of various departments respectively. The mission is to create shareholder value through quality production practices. Financial and non-financial goals for Year 8 are provided along with actual performance. Competitor Digby is analyzed, with Andrews having advantages in profit generation and financing but disadvantages in returns and R&D. The broad strategy is to reduce costs and become a cost leader through TQM investments. Sales forecasts and actuals are given for key products along with sustainability initiatives. Consistency, identifying competencies, marketing and TQM are concluded to lead to competitive advantages
- The company reported financial results for the fourth quarter and full year of 2014.
- For the Gafisa segment, net pre-sales fell 61% year-over-year in 4Q14. Adjusted EBITDA was R$81.8 million with a 16.7% margin.
- For the Tenda segment, launches increased 173% year-over-year in 4Q14 while pre-sales fell 23%. Adjusted EBITDA was negative R$30.9 million.
- Consolidated net revenue increased 31% quarter-over-quarter. Adjusted gross profit rose 9% and adjusted gross margin was 30.2%.
Petrofac reported net profit of $581 million for 2014, in line with previous guidance. The company has a record backlog of $18.9 billion providing revenue visibility through 2015 and beyond. Impairment charges were taken on certain projects totaling $461 million. The company is well positioned competitively with a focus on cost optimization and maintaining margins.
Zep Inc. August 2014 Investor PresentationZep Inc.
Zep Inc. held an investor presentation in August 2014 to provide an overview of the company and its outlook. The presentation discussed Zep's portfolio of brands serving transportation, industrial/MRO, and jan/san markets. It highlighted trends favoring these end markets as well as Zep's history of acquisitions and initiatives to streamline operations and reduce complexity. Zep has generated strong revenue and earnings growth but expects near-term challenges from a fire that impacted its aerosol production capacity. Overall sales are projected to be flat to down in the next 2-3 quarters before capacity is restored.
Presentation by LafargeHolcim management, Miljan Gutovic and Jamie Gentoso to members of the financial community at LafargeHolcim Capital Markets Day 2018
The document provides an investor update from Finning International, a heavy equipment dealer. It discusses Finning's business outlook and priorities. Finning operates in three regions - Canada, South America, and the UK/Ireland. It aims to grow market share and improve operational efficiencies in areas like service excellence, supply chain management, and talent development. Finning also highlights its response to recent economic downturns, focus on safety, and progress in strengthening its financial position and balance sheet.
- The document provides financial and operating results for CNO Financial Group for the 4th quarter of 2014, including earnings highlights and sales results.
- Key highlights included continued growth in the franchise, strong capital ratios, and $376.5 million spent on share repurchases for the full year.
- Sales growth outlook for 2015 is estimated at 3-6% overall, with individual segment expectations ranging from 3-8% growth.
This document describes a multi-level marketing opportunity that offers lifetime registration with no renewal fees. It outlines different levels or ranks within the program from entry level to higher ranks like Platinum Director and Honorary Director. As participants generate sales and recruit others to build their team, they can earn higher percentages in bonuses and royalties. The program also offers different streams of income and the ability to earn commissions around the clock through team building.
This document describes a multi-level marketing opportunity offering lifetime registration with no renewal fees. It provides different ways to earn income including bonuses, royalties, and incentives from building a team. There are 8 levels of achievement from Bronze to Honorary Director with increasing minimum purchase amounts and higher percentages earned from team sales. Members can earn around the clock through the incentive plan even while sleeping.
- ClubCorp delivered strong Q3 2015 results, with revenue up 25% year-over-year to $255 million and adjusted EBITDA up 21% to $55 million.
- The company executed on its three-pronged growth strategy of organic growth, reinvention of existing clubs, and acquisitions. In Q3, it added elements to 19 clubs and had another 13 under construction. It also acquired 8 new clubs.
- For full-year 2015, ClubCorp tightened its adjusted EBITDA guidance to a range of $232-236 million, representing 18-20% growth over 2014, due to strong year-to-date performance and accelerated reinvention plans for acquired clubs.
The company reported third quarter earnings that were below expectations due to gross margin pressure and SG&A deleverage in a difficult operating environment. It announced plans to close approximately 370 stores and reduce corporate overhead by 10% to improve profitability. For the fourth quarter, it expects comparable store sales to be flat with gross margin decline and SG&A deleverage impacting earnings per share to be in the range of $0.75 to $0.85. For the full year, it expects low-single-digit sales growth and low-single-digit comparable store sales decline with earnings per share of $3.07 to $3.17.
The document provides an overview of ClubCorp's fiscal year 2015 performance and execution of its three-pronged growth strategy. Some key points:
- FY2015 revenue was a record $1.053 billion, up 19% year-over-year, with adjusted EBITDA of $234 million, also up 19%. Membership excluding managed clubs grew 2.8% to approximately 173,000.
- Same-store revenue grew 3% and adjusted EBITDA grew 6%, with margins improving 100 basis points. Approximately 50% of members were enrolled in the O.N.E. upgrade program.
- In FY2015, ClubCorp acquired nine clubs and completed reinvention at 21 clubs. It
1. Rs. 1,800 crs Equity Infusion to accelerate growth
2. Suzlon delivers positive EBITDA for the 4th consecutive quarter
3. EBITDA Margin increases to 6.0% from (2.7%) YoY, on flat revenues of Rs. 4,954 crs
4. EBITDA increases to Rs. 295 crs from Rs. (137) crs YoY
5. Mr Tulsi Tanti, Chairman – Suzlon Group, said: “All the strategic initiatives are extremely crucial and will pave the way for our growth. These bold steps will strengthen our capital structure permanently, enabling significant deleveraging and liquidity to ramp up volumes rapidly. With our market leadership, technology strength, successful project execution and best in class service, Suzlon is best placed to capitalize on the opportunities offered by the renewable sector. We are convinced that the support from Dilipbhai Shanghvi and Family will help in creating a long term sustainable value for our stakeholders.
This presentation provides an overview of Suzlon Energy's financial performance in FY15 and strategic initiatives to improve its financial position. Key points include:
- Volume and revenues declined in FY15 due to liquidity constraints but EBITDA losses narrowed compared to prior years.
- Strategic transactions completed in Q1 FY16 including the Senvion sale and preferential allotment from DSA that raised ~Rs. 8,800 crores to reduce debt and boost liquidity for growth.
- Order backlog of 1,123 MW as of March 2015 with additional potential orders of 450 MW from a wind farm JV with DSA positioning Suzlon for volume growth.
Suzlon - Q4 FY 2010-11 Earnings PresentationSuzlon Group
Suzlon Energy Limited presented its Q4 FY 2010-11 earnings. Key highlights included:
- Volumes and EBIT continued to improve quarter-over-quarter.
- Suzlon had a strong order book of 4,639 MW backed by high order intake in India.
- Turbine availability was consistently above 97%.
- Outlook was positive with industry estimates projecting 15%+ annual growth in wind installations globally through 2015.
Suzlon Energy Limited presented its Q1 FY16 earnings. Key highlights included:
- Highest quarterly sales volume of 205MW in India in last 3 years
- Normalized EBITDA margin of 15.3%, the highest in last 3 years
- Consolidated net debt reduced to Rs. 7,010 crs from Rs. 14,821 crs last quarter
The presentation discusses Suzlon's strategic focus on high growth, high volume and better margins in the Indian market. It also provides an overview of Suzlon's products, technology upgrades, order book status and the positive industry opportunities in the growing Indian renewable energy market.
This document is an earnings presentation by Suzlon Energy Limited for the first half of fiscal year 2016 (H1 FY16). The summary highlights key performance metrics for H1 FY16 including 431 MW in sales volume, Rs. 1,467 crore in gross profit, and Rs. 530 crore in EBITDA. It also provides an overview of Suzlon's order book, debt position, and the reinstatement of its investment grade credit rating, signaling a turnaround in its financial and operating performance.
Suzlon - Q1 FY 12 Earnings PresentationSuzlon Group
This document is an earnings presentation by Suzlon Energy Limited for Q1 of fiscal year 2012. It includes the following key points:
- Revenues grew 80% year-over-year in Q1 FY12 and performance is on track to meet full-year guidance.
- The order book stands at $6.6 billion, 35% higher than the previous year.
- A "squeeze out" process is underway to acquire remaining shares of REpower for €142.77 per share.
- A sale of the Hansen stake is expected to generate Rs. 828 crores and help reduce debt levels.
- Global fleet availability remains over 97% due to ongoing optimization programs.
-
Suzlon - Q3 9M FY 2015-2016 Earnings PresentationSuzlon Group
This document is Suzlon Energy Limited's 9M FY16 earnings presentation dated January 29, 2016. The presentation contains key highlights from Suzlon's financial performance in the first 9 months of FY16, including a 75% year-over-year increase in volume to 688 MW and a 14.3 times increase in normalized EBITDA to Rs. 846 crores. It also provides details on Suzlon's order book, debt and working capital position, and strategic focus on both wind and solar projects. The document is intended for information purposes only and contains various disclaimers around the accuracy of the information and risk factors involved.
Parag Milk Foods Limited held an investor presentation in February 2021. The presentation contained forward-looking statements and projections regarding the company's market opportunity and business prospects that are subject to known and unknown risks and uncertainties. It also stated that the company's actual results may differ from what is expressed in the presentation. The presentation was prepared by the company based on information it considers reliable but does not guarantee the truth, accuracy, or completeness of the contents.
Suzlon - Q4 FY16 Earnings Presentation Suzlon Group
This document is an earnings presentation by Suzlon Energy Limited for FY16. It begins with disclaimers noting that the presentation is for informational purposes only and does not constitute an offer or recommendation to purchase securities. It also disclaims liability for any inaccuracies or omissions.
The presentation then summarizes Suzlon's FY16 financial performance, highlighting increased volume, revenues, cash profits, debt reduction, and EBITDA compared to the previous year. It provides details on order book, working capital management, the service business, global installations, warranty provisions, and the company's entry into solar energy as a turnkey solutions provider.
Principal Financial Group reported strong financial results for the first quarter of 2014, with record total company operating earnings and assets under management. Several business segments saw improved performance, including Retirement and Investor Services which saw growth in net revenue and margins. Principal Global Investors also had solid results with record assets under management. Principal International reported record operating earnings despite some macroeconomic headwinds. The company deployed capital through dividends, share repurchases, and debt redemption and expects full-year capital deployment to be at the high end of its $500-700 million target range.
Suzlon - Q3 FY 2010‐11 Earnings PresentationSuzlon Group
Suzlon Energy Limited presented its Q3 FY 2010-11 earnings. Key highlights included volumes continuing to grow sequentially and year-over-year, a strong order book providing improved visibility for FY2012, and robust turbine fleet performance globally with availability over 97%. The outlook discussed improving regulatory environments and growth momentum continuing in developed and emerging markets as well as offshore wind.
Hyundai Capital provides a summary of its financial performance in the first half of 2013. It achieved operating income of KRW 250 billion and an ROA of 2.5%, with stable asset quality as the 30+ day delinquency rate was 2.7%. It maintained a strong capital structure with a leverage ratio of 6.7x and a capital adequacy ratio of 15.3%. Hyundai Capital also discussed its diversified funding sources by type, duration, and region to reduce risks.
Hyundai Capital provides a quarterly investor presentation summarizing its financial performance and business highlights. In Q1 2013, Hyundai Capital saw strong fundamentals with an ROA of 3.0% and delinquency rate of 2.7%, though operating income decreased from the prior year. It maintained a conservative capital and liquidity position with a capital adequacy ratio of 15.1% and long-term funding comprising over 65% of its portfolio. Going forward, Hyundai Capital aims to further diversify its funding sources globally and increase the proportion of alternative and long-term financing.
Hyundai Capital provides a summary of its financial performance in the first half of 2013. It achieved operating income of KRW 250 billion and a return on assets of 2.5%, despite slower new car sales. Asset quality remained stable with a 30+ day delinquency rate of 2.7%. The company maintains a conservative capital structure with a leverage ratio of 6.7x and a capital adequacy ratio above 15%. Hyundai Capital also discusses its diversified funding sources by type, duration, and region to reduce reliance on wholesale funding and expand its global funding capabilities.
- Hyundai Commercial Inc. presented its 1H 2014 investor presentation, which included financial results and business strategies
- Revenue slightly decreased due to low interest rates, but profit margins increased on high-yield lease products
- Net income declined due to decreased operating revenue and losses on equity investments
- The company aims to strengthen its business for prolonged low growth and interest rates by pursuing new opportunities and efficiency
- Hyundai Commercial Inc. presented its 3Q 2014 investor presentation which provided an overview of the company's financial performance and business strategies.
- While operating revenue grew slightly, operating income declined due to a temporary increase in bad debt expenses. Net income increased due to losses from equity investments.
- The company maintained its dominant market share in commercial vehicle financing and focused on diversifying its asset portfolio and developing new high-yield products.
- It emphasized strengthening its fundamentals to prepare for a prolonged low growth, low interest rate environment through pursuing new business opportunities and efficiency.
Annual presentation of Abengoa in 2014. In the company we are committed to reporting our activities in a clear and transparent way.
This presentation contains a Business and a Financial Review.
Marel Capital Markets Day 2021 - DigitalizationMarel
The document provides an overview of a presentation by Marel hf. on digitally transforming food processing. It includes disclaimers that no representations or warranties are given, information is subject to change, and forward-looking statements involve risks. Market and industry data is from Marel's internal research and estimates and has not been verified. The presentation does not constitute an offer to purchase securities.
Wescoal Holdings Limited presented interim financial results for the six months ended 30 September 2016. Key highlights included a 37.1% increase in revenue to R1.039 billion and a 254% increase in EBITDA to R139.3 million. Headline earnings per share increased 445% to 27.8 cents. Wescoal delivered a solid performance due to strong sales and operational efficiencies from its flagship Elandspruit colliery. Management discussed strategic priorities such as completing a BEE transaction, diversifying revenue streams, and growing Wescoal's resource base.
Suzlon posts positive EBITDA for 3rd consecutive quarterSuzlon Group
Suzlon Group, the world’s fifth largest* wind turbine manufacturer on Friday 31st
October 2014, announced its results for the Q2 FY15. Suzlon posted its 3rd consecutive quarter
of positive EBIDTA at consolidated level reaffirming its improved performance.
Suzlon Energy Q1 Financial year 2014-15 (FY15) resultsSuzlon Group
Suzlon Group, the world’s fifth largest* wind turbine maker, on Friday 25th July 2014, announced its results for the First Quarter of financial year 2014-15 (FY15). In Q1 FY15. Suzlon posted its 2nd Consecutive quarter of positive EBIDTA at consolidated level reaffirming its improved performance.
Tulsi Tanti's Speech at The BRICS 2014 Summit - Full SpeechSuzlon Group
The Complete Speech Presented by Mr. Tulsi Tanti, Suzlon Group on 'Economic Integration-Challenges for Sustainable Growth' at BRICS Business Forum July 14, 2014
Mr.Tulsi Tanti's speech at the BRICS 2014 Summit on ‘Economic Integration-Cha...Suzlon Group
Summary of the Speech Presented by Mr. Tulsi Tanti, Suzlon Group on ‘Economic Integration-Challenges for Sustainable Growth’ at BRICS Business Forum July 14, 2014
Full Press Release - Suzlon Bondholders Approve RestructuringSuzlon Group
Suzlon bondholders across all four series approve #FCCB restructuring proposal. Full press release.
Preview: Suzlon Group, the world’s fifth largest* wind turbine maker, today
announced that the holders of each series of its Existing Bonds (due in October 2012, July 2014
and April 2016) have approved the proposed restructuring of the Existing Bonds including the
terms and conditions of the new foreign currency convertible bonds. The company had earlier
announced receipt of approval from the Corporate Debt Restructuring Empowered Group and the
Reserve Bank of India for the restructuring.
Suzlon - Q2 FY 2010-11 Earnings PresentationSuzlon Group
Suzlon Energy Limited presented its Q2 FY 2010-11 earnings. Key highlights included growth in wind turbine installation volume, continued momentum in order inflow, and efforts to reduce debt and consolidate its holding in SE Forge. The outlook for H2 FY2011 was for robust long-term growth expectations in emerging markets, while developed markets are expected to remain stagnant. Detailed financial results for Q2 FY2011 showed revenues of INR 3,772 crores and positive earnings before interest and taxes of INR 11 crores.
Suzlon - Result Presentation – Q1 FY11Suzlon Group
The document is Suzlon Energy Limited's presentation of its Q1 FY2011 results. Some key highlights include growth in Suzlon's wind turbine volume compared to Q1 FY2010, a significant increase in order flows in India, and the successful completion of a rights issue. The outlook suggests the wind industry will continue robust long-term growth, with the growing Indian market benefiting Suzlon. Suzlon is also working closely with REpower to strengthen their future platform.
Mr. Kirti Vagadia, Group Head Finance, Suzlon Group - Interview with ET Now, ...Suzlon Group
Suzlon reported strong financial results in the fourth quarter with its highest quarterly revenue in eight quarters and positive EBITDA and EBIT after seven quarters. Revenue for FY14 grew 8% to Rs. 20,000 crore. Suzlon plans to optimize its capital structure in FY15 by potentially listing and rebalancing debt through non-core asset sales and restructuring foreign currency convertible bonds. With a robust order backlog of Rs. 46,000 crore and expectations for the wind sector to grow 40% globally and locally, Suzlon is well positioned for continued growth.
Bienestar Financiero al servicio de su jubilación anticipada
Pago de su 🏡
Estudio de sus hijos
Directamente a tu cuenta bancaria
Con Tesorería Auditoria Jurídica comercial
Administración de carteras
Apalancamiento Financiero
Desarrollo de tu marca personal
Acceso a Desarrollo de varias industrias
Cuentas bancarias
Estructuras Físicas en USA y en América Central
Avalado por Bolcomer
Puesto de Bolsa Comercial
Turismo
Y mucho más
Link de registro
https://business.myinfinity.global/maurod8/
https://therusnetwork.com/
Contacto:
https://goo.su/pzm1fja
UnityNet World Environment Day Abraham Project 2024 Press ReleaseLHelferty
June 12, 2024 UnityNet International (#UNI) World Environment Day Abraham Project 2024 Press Release from Markham / Mississauga, Ontario in the, Greater Tkaronto Bioregion, Canada in the North American Great Lakes Watersheds of North America (Turtle Island).
2. www.suzlon.com
Disclaimer
• This presentation and the accompanying slides (the “Presentation”), which have been prepared by Suzlon Energy Limited (the “Company”),
have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe
for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No
offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about
the Company.
• This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the
Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy,
completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not
contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this
Presentation is expressly excluded.
• Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects
that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future
performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and
uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets,
the performance of the wind power industry in India and world-wide, competition, the company’s ability to successfully implement its
strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in
revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s
actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by
this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any
forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the
Company is not responsible for such third party statements and projections.
• No offering of the Company’s securities will be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”).
Accordingly, unless an exemption from registration under the Securities Act is available, the Company’s securities may not be offered, sold,
resold, delivered or distributed, directly or indirectly, into the United States or to, or for the account or benefit of, any U.S. Person (as defined
in regulation S under the Securities Act).
• The distribution of this document in certain jurisdictions may be restricted by law and persons into whose possession this presentation
comes should inform themselves about and observe any such restrictions.
2
3. www.suzlon.com3
-137
-31
328
Q1’14 Q3’14Q2’14
-302
Q4’14
116
-323
-229
Q4’14Q3’14Q2’14Q1’14
-482
EBITDA Trend (Rs. Crs) EBIT Trend (Rs. Crs)
WORST BEHIND US
Priorities FY15
• Volume Ramp up
• Realizing business efficiency
• Optimizing capital structure
Enablers:
• Completion of liability management allows business focus
• Right product portfolio for all major markets and changing
business model
• Wind markets, especially home markets, bouncing back
sharply
• Global financial markets buoyant, Wind OEM stocks gaining
traction
Suzlon Group Turning Positive After 7 Quarters
4. www.suzlon.com
Suzlon Group: Improving business environment
4
Factors Past 2 years Current Impact / Change
India
• Lack of Incentives
• Unfavorable policy shifts
• Political Uncertainty
• GBI re-introduced
• Low cost fund from National
Clean Energy Fund
• Pro-renewables government
with strong mandate
• Market Size Halved
• Poised to grow @ 40+%
Global • Global Slowdown
• Recovering US and Europe
economies
• Global installations down 21%
• Poised to grow @ 40%
Business
Model
• Made to Stock
• Multiple product suite
• Made to Order
• Streamlined product offering
• High Working capital
• Low Profitability
• High Break even levels
• Low Working capital
• Normalized profitability
• Low Break even levels
Employee
Base & Cost
Structure
• High • Rationalized
Revenue
Mix
• Less profitable legacy
orders
• Long pending orders for
old products and LDs for
delays
• Legacy orders executed in full
• Profitable current orders
Debt
Overhang
• Under Default
• Repayment pressures
• Comprehensive liability
management completed
• Back ended repayment structure
• Volume compromised due to
liability management
• Strained cash flows
• No external financing
• Complete volume focus
• Improved liquidity
• Capital rebalancing opportunity
Capital
Structure
• 70% of debt in India,
contributing less than 15%
of revenue (FY14)
• Focus on capital rebalancing
• Low cost FX funds to pay down
high cost domestic debt
IndustryLeverageOperational
5. www.suzlon.com
Key highlights - FY14
Strategic
FCCB negotiations concluded
1. Last remaining piece in comprehensive liability
management program
Asset sale gaining traction- Rs. ~700 crs+
1. Big Sky Sale completed - $~90M
2. China Subsidiary stake sale completed- $~28M
Project Transformation complete
1. >3,200 headcount reduction since FY12
2. ~31% fixed opex reduction since FY12 (Suzlon
Wind)
3. Restructuring goals at Senvion achieved;
savings exceeded target
4. Working capital rationalized to ~3.6%
Operational
Ramping up volumes
1. ~723MW in FY14 against ~251MW last year;
188% YoY growth (Suzlon Wind)
2. Consol. Revenue Rs 20,212 Crs in FY14;
Rs. 6,581 Crs in Q4 FY14 (54% YoY growth)
Continued robust performance by Senvion
1. FY14 EBITDA at ~EUR 146mn is 22% higher,
despite 19% drop in revenue at ~EUR 1,806mn
Positive EBITDA after 7 quarters, highest
revenue in last 8 quarters
1. Ramping up volumes
2. Increased profitability
3. Favorable geographic and product mix
4. Cost efficiencies from group wide restructuring
efforts
5
7. www.suzlon.com
FCCB: Negotiations Concluded
• Proposed terms for the new FCCBs
5 year bullet maturity; FY2019-20
Low Step up coupon rates
– First 18 Months: 3.25%
– Balance: 5.75%
Zero redemption premium on
maturity
Overall Yield at <5%
Conversion price of Rs. 15.46 per
share
Optimal solution for all stakeholders
7
• Negotiations with the ad hoc committee concluded
Ad hoc committee: Formed by select bondholders with
significant holdings across all series
Zero cash solution: Cashless exchange into new FCCBs
Options with 2016 series bondholders
– Max up to 50% of face value may elect to retain existing
bonds
– Minimum 50% of the face value to participate in new bonds
• Approval status
CDR approval
Application made to RBI
• Standstill agreement signed with ad hoc committee
Undertaking to positively support restructuring
Desists from taking any action deterring implementation
Valid till 15th Aug’14: Sufficient time to implement the proposal
8. www.suzlon.com8
Asset sale gaining traction
Funds raised to be used towards deleveraging and supporting business revival
• Acquired wind farm for token consideration in lieu
of dues in March 2014
• Successfully sold the wind farm to Everpower and
realized cash in May 2014
• Net Realization - ~$90+M (Rs. 550 crs.)
• Suzlon to continue to provide O&M services to
the wind farm
Big Sky Wind Farm Sale Completed
• Divested 75% in manufacturing facility
• Total transaction value - ~$28M (Rs. ~173 crs)
• Strong JV partner in state owned energy
investment conglomerate
China Asset Sale completed
• Sticky US receivable monetization complete
• Everpower continuous OMS
• Court case with Edison quashed
• Maintaining foothold in China through
strong JV partner
• Asset light model – ideal for the group
• Capacity re-adjustment in line with
external demand
10. www.suzlon.com
FY14 Group financial snapshot
Particulars Q4 FY14 Q4 FY13 FY14 FY13
Revenue 6,581 4,281 20,212 18,743
EBITDA 328 -594 -141 -1,296
EBITDA (before FX loss) 268 -450 115 -990
EBIT 116 -786 -918 -2,037
Net working capital 722 2,543
Net debt 14,423 13,003
Rs Crs
Key takeaways:
• Business performance
Achieved 723 MW in FY14 against ~250 MW in FY13 at Suzlon wind
– Volumes, though lower, is gradually ramping up
SENVION continues with its resilient performance
• Group wide restructuring efforts completed, substantial results achieved
• FY14 Net results after tax impacted by
Forex losses due to unfavorable currency fluctuations – Rs 256 Crs
One time exceptional costs – Rs. 487 Crs (after EBITDA)
- Includes one time cost at Senvion (Rs. 308 crs ), further impairment of US
receivables (Rs. 217 crs) and profit on stake sale of China subsidiary (Rs. 38 crs)
10
12. www.suzlon.com
Service Business: Growing revenues with stable margins
Key Highlights
• FY14 OMS revenue at ~Rs. 2,700 crs
~37% YoY growth
• High growth with stable and consistent
margins
• Near 100% renewal track record
12
Revenues (Rs. Crs)*
Annuity like cash flows over turbine life
*External only
846
1,085
1,355
549
878
1,340
FY14
2,695
+39% CAGR
FY13
1,963
FY12
1,395
SuzlonSenvion
13. www.suzlon.com13
Half yearly Order Intake (MW)
Order Intake: Regaining Momentum
Significant orders in last 6 months
GDF Suez, France
(40 MW)
Bald Hills, Australia
(106.6 MW)
Baidyanath, GACL, MSEDCL, India
(31 MW)
1,524
751
1,940
H2 FY14H1 FY14H2 FY13
+103%
Strathy North, UK
(67.65 MW)
Königshovener Höhe, Germany
(38.04 MW)
Bothe, India
(35.70 MW)
ReNew Wind Energy, India
(100.80 MW);
14. www.suzlon.com
• Order book at ~5.3 GW
• Order book value: US$ 7.6bn
Onshore markets:
– Emerging : ~US$1.3bn (India,
Brazil, Turkey & Uruguay)
– Developed : ~US$5.1bn
Offshore: US$1.2bn
• Strong order book with deliveries
up to FY15
Robust order book position
Total value of US$7.6 bn
Order book by geography – US$7.6 bn
Order book evolution (US$ bn)
Strong order backlog in home markets, India and Germany
France
5%
UK 4%
Belgium 4%
Canada
12%
India
15%
Germany44%
RoW
7%
LatAm
2%
Australia
6%
7.67.57.4
FY14FY13FY12
Order book for the quarter reflects orders booked between two board meetings and does not net off sales of the next quarter
14 Senvion order book includes POC revenues already recognized (project risk yet to be transferred) and orders with conditions precedent
As on 30th May 2014. FY14 Exchange rate – USD/EUR – 1.37, INR/EUR – 83.3, INR/USD – 58.8
15. www.suzlon.com
Class I Class II Class III
R&D focus to better our products and improve yields
<1.5 MW
1.5 – 2.5 MW
Multi MW
Offshore
S52
5M
6M126
S82
S86.5S66
S88
S95
MM82
MM92
MM100
S111
3.0M3.2M3.4M
S97 90
3.4M
MM100
3.2M
New Product Launches in last 2 years Upgraded products in last 2 years
S89
6M152
AEP 20%
(Vs S97)
AEP 25%
(Vs S88)
AEP 4-6%
(Vs 3.2M)
AEP 8.5%
(Vs 3.4M)
Upgraded to
wind class I
AEP 20%
(Vs 6M)
Warranty provisions consistently below 2%
AEP = Average Energy Production
Expansive product portfolio covering all wind classes
15
S97 120
AEP 10%
(Vs S97 90)
16. www.suzlon.com
Moving towards newer and bigger turbines
16
Higher energy yield Lower cost of energy Higher returns
S88 S111S9X
• Better generation
• Lower cost of energy
• High profitability for customers
• Better margins for us
First agreement in US
concluded
~900 MW already
installed till date
S111 best suited for low wind sites in India and US markets
~5.5 GW already
installed till date
17. www.suzlon.com
Hybrid Towers: First of its kind
17
• Hybrid Tower
Combination of lattice and tubular
Saves costs
• Higher Hub height – 120 mts (33% increase
over current 90 mts)
4-5% better wind speed at higher height
12-15% increase in annual generation
• Higher generation and lower costs results in
higher profitability for clients
• 3-4 years head start in this technology
Pre-commissioning done in May 2014
First order with new tower variant booked for
100MW
Game changer for low wind sites across the globe
Hybrid Tower
Available in S97 and S111 product suite
18. www.suzlon.com
Rank OEM
2013 Installation
(GW)
% Market Share
1 Vestas 4.7 13.2%
2 Goldwind 3.7 10.3%
3 Enercon 3.7 10.1%
4 Siemens 2.9 8.0%
5 Suzlon Group 2.3 6.3%
6 GE 1.8 4.9%
7 Gamesa 1.7 4.6%
8 United Power 1.4 3.9%
9 Mingyang 1.3 3.7%
10 Nordex 1.2 3.4%
11 Others 11.4 31.7%
Total 36 100%
Suzlon Group retained No. 5 Globally
Top 10 Suppliers at the end of 2013
`
Source: Annual ranking is from Make;
20. www.suzlon.com
Higher profitability despite lower volume
Financial Performance (€M)
One of the most profitable asset in wind space, even during difficult industry periods
20
1,806
2,221
1,675
-19%
FY14FY12 FY13
146
120136
+22%
FY13 FY14FY12
101
80
106
+26%
FY13FY12 FY14
6.3% 3.6% 5.6%
8.1% 5.4% 8.1%
Highlights of FY14
• Performance on track despite adverse market
dynamics
~25% increase in profitability despite ~20% decline
in revenue
• Restructuring goal achieved
Exceeded the €100m cost saving target
• Asset Light and nimble
Helps react to changing environments swiftly
• Installation feat:
Crosses 5,000 WTGs; cumulatively at >10 GW
Crosses 1 GW milestone in UK
• Marquee Orders
Its largest onshore contract in Canada for 350 MW
Its largest EPC contract in Australia for 106.6 MW
Revenue
EBITDA
EBIT
*As per Senvion’s local GAAP
21. www.suzlon.com
Strengthening Market Position
Source: MAKE consult report 2013
21
2013
30.0%
2012
11.0%
2013
15.0%
2012
11.0%
2013
11.0%
2012
7.0%
2013
14.0%
2012
5.0%
2013
20.0%
2012
17.0%
2013
18.0%
2012
10.0%
Canada
Germany United Kingdom
Poland
France
Austria
Strengthened position in core markets, expanding presence in new and emerging markets
3
2
3
2 2
2
Market Position
22. www.suzlon.com
22
We believe “true offshore” to be the fastest growing segment in coming years
> 50 turbines
> 50 turbines
Prototype Sold
2004
2009
2014
Largest commercially proven offshore turbine – 6.2 MW
Large rotor diameter with sweeping area larger than 3 football
pitches – 152 mts
Nacelle alone is as big as two detached houses
• >10 years of operating experience
Evolving Product Technology
~100 offshore turbines with ~600 MW installed
“True offshore” is >50KM distance from shore and >32M in
water depth
Installations far more complex than near shore wind
One of the very few players with far offshore competence
• Competence in “true” offshore
• Proven product technology
Gaining Strength in Offshore
24. www.suzlon.com
• Project with largest fleet of 6M turbines
• One of the largest project financed offshore
wind farms in Europe (~€900mn)
• Total project cost: ~€1.3bn
• ~30KM off the coast & up to ~30 meters deep)
• On time and within budget
• Showcase project for the European Offshore
Industry
Reaffirms our ‘best in class‘ offshore technology and superior execution capabilities
24
Completed its largest offshore wind farm in FY14
325 MW Thornton Bank project with 6M
25. www.suzlon.com
Enhanced facility to enable targeted growth for next 3 years
25
25
30
New
750
820
Existing
850
725
+13%
• Enhanced facility significant for growth
Long Tenure: 3 year (Mar’17)
Timely refinancing: Existing facility maturing in Aug’14
Structure: Unchanged, Largely Non fund based
• Participation from globally reputed financial
institutions
Total Participation: 14 banks (6 New)
Syndication significantly oversubscribed
Reflects their confidence in business fundamentals
Facility Size (Eur Mn)
Higher banking limits to support growth
Existing facility refinanced
26. www.suzlon.com
From regional to global player
26
Pre
acquisition
Post acquisition
• High Growth and Profitability
Revenue 4x since acquisition, profitability
8 times
• Newer markets
Entered new high growth markets such as
USA, Canada, Australia, Romania etc.
• Introduced newer technology and
products
Highly successful 3XM onshore series
Highly successful 6XM offshore series
Broadened product portfolio covering all
site types and wind classes
• Operational efficiency
Successful restructuring efforts to
optimize cost and manpower
Rationalized working capital requirements
680459
+19%
FY14
2,221
1,806
FY13FY12
1,3041,209
1,675
FY11CY06 CY07 FY10FY09
1,216
91 119 113 136 120
35
146
CY06
17
FY13 FY14
+31%
FY12FY09CY07 FY11FY10
Senvion Performance (€M)
Revenue
EBITDA
*As per Senvion’s local GAAP
Lot of Value has been created since acquisition
28. www.suzlon.com
Status Update
FCCB RestructuringCDR Overseas FX Facilities
• CDR approved and
implemented
Extended maturity profile
Moratorium on interest and
principal
Reduced interest rate
• Additional working capital support
Enables execution of our large
order book
• Equity infusion condition met
• Negotiations with ad hoc committee
concluded
• Cashless exchange into new 5 year
bonds
• Optimal solution for all stakeholders
• Refinanced out of proceeds of
new credit enhanced bond
Bullet maturity in 2018
Backed by SBI SBLC
Annual interest cost ~6%
p.a. (including SBLC charges)
Comprehensive liability management
approaches completion
Supports stabilization of business
• Last remaining step
• Likely to be completed in July 2014
28
29. www.suzlon.com
Secured Domestic Debt Rs. 9,016 Crs.
Sustainable solution to debt across the group
Foreign Currency
Denominated
Suzlon Wind
Rupee
Denominated
Liability comprehensively addressed, FCCB last remaining step
Note:
(1) Accredited Value including interest as on 15th July 2014
(2) Unsecured Loan from Promoters / others not included
FCCBs(1) $577M
Restructured through CDR /
Bilateral Negotiations
Negotiations concluded
5 yr bullet maturity in FY2019-20
1
2
1
As on 31th March 2014
5 yr bullet maturity in FY2017-18
Credit Enhanced bonds $647M
Misc. working capital
and other facilities
$124M
29
3
30. www.suzlon.com30
Minimal repayment pressures for next 4 years for
Suzlon Wind
Back ended repayment schedule, giving sufficient headroom for operations to pick up
• Next large repayment only in FY18 end (~$647M SBLC backed bonds is maturing in March 2018)
• FCCBs are likely to be converted into equity
Note:
• Assuming full 50% of the 2016 series bondholders choosing to continue in their existing bonds
• Includes secured domestic terms loans, SBLC backed bonds and FCCBs only
• Does not consider prepayments under CDR
5 year Debt Repayment Profile (Suzlon Wind)
Rupee Denominated Debt
(Rs. Crs.)
699699
466
350
117
FY19FY18FY17FY16FY15
484
647
95
00
FY19FY18FY17FY16FY15
FX debt
($mn)
FCCB
Term Debt
SBLC Backed Bonds
31. www.suzlon.com
FCCBs: Overview of the bonds
31
FCCBs
Principal
(US$ mn)
Conversion
price (Rs)
Coupon rate
Redemption
premium
Maturity date
October 2012 – Old 121.4 97.26 0% 144.88% October 2012
October 2012 – Exchange 20.8 76.68 7.5% 157.72% October 2012
July 2014 90.0 90.38 0% 134.20% July 2014
April 2016 175.0 54.01 5.0% 108.70% April 2016
FCCBs
Principal
(US$ mn)
Conversion
price (Rs)
Coupon rate
Maturity value
with redemption
premium
Maturity date
New Bonds 484.4 15.46 3.0% - 6.0% 100% July 2019
April 2016* 87.5 54.01 5% 108.70% April 2016
Pre-Restructuring – 4 series
Post-Restructuring – 2 series (Max)
*Assuming full 50% of the 2016 series bondholders choosing to continue in their existing bonds
32. www.suzlon.com
Equity Issuances conditions under CDR met
32
Current
271.3
Others
9.0
Promoters
26.3
CDR
Lenders
58.3
As on
March 13
177.7
Public
39%
Promoters
CDR Lenders
22%
39%
Equity Shares as on date
Further equity issuances under CDR :
To CDR banks under CDR scheme for next two quarters up to Sept 14
Equity related condition of CDR fully complied
Entity
Value
(Rs. Crs.)
No. of
Shares (Crs.)
Locked Up
Portion
Promoters 295 26.3 100%
CDR Lenders 1080 58.3 100%
Key Business
Associates
93 8.0 100%
Employees 8 1.0 100%
Grand Total 1476 93.6
Current Shareholding Pattern
Issuance since 31st March 2013
34. www.suzlon.com
Global Wind Market Outlook: Poised to bounce back
52525148
34
2017e
+11%
2016e
+40%
2015e2014e2013
• Recovery in global economy to fuel
renewable industry growth
• High order intake seen in H2FY14 and
continuing
• Increase in renewable investments
Source: Make
Annual Installations (GW)
Industry to grow at 40% this year, against 21% decline last year
34
• Suzlon well positioned in key growth driving markets such as North America, India and Offshore as well
as stable European Markets
Suzlon Positioning
35. www.suzlon.com
India Market poised for a strong growth
3,600
3,300
3,000
2,077
1,721
3,179
+44%
+20%
FY16FY15FY14FY13FY12 FY17
35
Annual Installations (MW)
• Strong fundamentals
Growing Electricity Demand 5-6%
Constrained conventional sources
Increasing wind competitiveness
Huge untapped Potential 100 GW+
• Strong regulatory push
Average 40% increase in FIT across all
states over 5 years
GBI scheme with validity till 2017
Proposed National Wind Energy Mission to
boost wind sector
Availability of low cost fund from National
Clean Energy Fund through IREDA
Wind favoring policies anticipated from the New Government
Source: Internal Estimates
• Market leadership for over 15+ years now
• Above par Service capabilities
• End to End wind solution offering
Suzlon Positioning
36. www.suzlon.com
High Growth High Margin Offshore business
36
Source:: Make
5,678
3,1832,9952,805
1,950
2016201520142013 2017
+31%
+44%
Annual Installations (MW)
• Strong fundamentals
Installations to be dominated by Europe,
particularly in Germany and UK
Lot of countries are exploring offshore
potential, such as India, North America,
China, Japan etc.
Large untapped potential
Offshore Market set to grow 44% next year, and CAGR 31% up to 2017
• Strong in Germany and UK
• > 10 years of operating experience in far offshore projects
• Proven capabilities and dedicated product portfolio
• Track record of complex high profile projects
Suzlon Positioning
37. www.suzlon.com
Growth potential in other markets
37
• Non nuclear policy to spur growth for Wind installations in Europe, driven primarily by Northern Europe and Emerging
markets
• Germany and UK, two largest markets in Northern Europe where Senvion has strong leadership position
• Emerging markets such as Turkey, Poland, France, Austria and Poland continue to have strong growth potential
• Last minute PTC extension in the beginning of 2013 lead to low installations in USA in 2013.
• 2014 is expected to be a bumper year with 10+ GW installations predicted
• Policy environment continue to remain positive for Canada, supporting growth in wind power
• Suzlon ended with 30% market share in Canada in 2013
• Suzlon’s new S111 is ideally suited for USA market
North America
Europe
• China bounced back in 2013 with 19GW of installations, on the back of industrial recovery and is expected to stabilize going
forward
• Mandatory Renewable Energy Target (20%) of Australia to continue to drive growth in the market
APAC
• Other new markets such as Brazil, South Africa, Uruguay, Thailand, Vietnam etc offers excellent wind resources and strong
growth potential
Other Emerging Markets
39. www.suzlon.com
FY15: Key Priorities
39
• Suzlon Wind:
Focus on India and select
overseas markets
Streamlining product
offering
• Senvion:
Increasing market share in
its core markets
Enter new markets
Enhance service
capabilities to cater to
broader market
Volume Ramp up
Specific Priorities for FY15
Optimizing Capital Structure
• Asset Sale Program
Focus monetizing India based non
critical assets
• Deleveraging
Tap robust international capital
market scenario
Replacing high cost local debt with
low cost FX funds
1
• Improving Margins
Focus on profitable orders
Value engineered newer products
with lower cost and higher returns
• Stabilizing fixed costs at current
levels
• Stabilizing working capital at
current levels
Realizing Business Efficiencies
2 3
Higher Volume + Increased Business Efficiency + Optimized capital structure = Higher profitability
42. www.suzlon.com
Particulars
As on
31st Mar’14
As on
31st Dec’13
As on
30th Sept’13
As on
30th June’13
As on
31st Mar ’13
As on
31st Dec ‘12
As on
30th Sept’12
Inventories 4,033 5,016 5,274 5,386 5,264 5,928 5,421
Trade receivables 5,946 5,725 5,889 5,759 6,382 6,990 8,584
Loans & Advances and
Others
2,911 3,303 3,408 3,028 2,837 2,866 3,126
Total (A) 12,890 14,044 14,572 14,172 14,483 15,785 17,132
Sundry Creditors 5,285 5,243 5,183 4,645 4,651 4,916 5,739
Advances from
Customers
2,620 3,295 3,766 3,987 4,168 3,517 3,206
Provisions and other
liabilities
4,263 4,016 3,946 3,514 3,121 3,041 2,909
Total (B) 12,168 12,554 12,895 12,145 11,940 11,473 11,853
Net Working Capital
(A-B)
722 1,490 1,677 2,027 2,543 4,311 5,278
NWC as % of sales 3.6% 8.3% 9.9% 11.4% 13.6% 20.4% 23.8%
Consolidated net working capital
Rs Crs
42
43. www.suzlon.com
Suzlon consolidated balance sheet
Rs Crs.
43
Liabilities FY 2014 FY 2013 Assets FY 2014 FY 2013
Shareholders' Fund Non Current Assets
a) Share Capital 498 355 a) Fixed Assets 13,948 12,382
b) Reserves and Surplus -1,041 -35 b) Non Current Investments 4 36
-544 320 d) Long Term Loans & Advances 518 672
Share application money 162 582 e) Trade Receivables 0 713
Preference Shares 6 6 e) Other Non Current Assets 374 533
Minority Interest 58 78 14,845 14,336
Non Current Liabilities
a) Long Term Borrowings 11,641 10,858
b) Other Non Current Liabilities 1,147 932 Current Assets
12,788 11,790 a) Current Investments 703 0
Current Liabilities b) Inventories 4,033 5,264
a) Short Term Borrowings 3,523 2,835 c) Trade Receivables 2,687 2,732
b) Trade Payables 5,285 4,651 d) Cash and bank balances 2,448 1,959
c) Other Current Liabilities 6,625 7,281 e) Short Term Loans & Advances 1,845 1,549
d) Due to customers 211 200 f) Due from customers 3,259 2,936
e) Short Term Provisions 2,201 1,473 g) Other Current Assets 496 439
17,844 16,440 15,470 14,880
Total equity and liabilities 30,315 29,216 Total Assets 30,315 29,216