EA RNING S PRESENTA TIO N 9 M / Q 3 - F Y 1 8 E xe c utive - PowerPoint PPT Presentation

UJAAS E NE RGY L IMIT E D EA RNING S PRESENTA TIO N 9 M / Q 3 - F Y 1 8

E xe c utive Summar y • Uja a s E ne rg y L td (UE L ) wa s fo und e d b y Mr. Shya m Sund e r Mund ra a nd is run to d a y a lo ng with his two so ns, Mr. Vika lp Mund ra a nd Mr. Anura g Mund ra . • Ma nufa c turing tra nsfo rme rs fo r mo re tha n 30 ye a rs, the c o mpa ny d ive rsifie d into the g e ne ra tio n o f so la r e ne rg y a nd la unc he d a so la r po we r turn-ke y pro je c t c a lle d ‘ UJAAS’ sinc e 2010. COMPANY • UE L wa s liste d o n b o th BSE a nd NSE in Oc to b e r 2011. OVE RVIE W • Co mpa ny’ s ma rke t c a pita liza tio n a s o n 31 st De c 2017 wa s a ppro xima te ly INR 5,050 Mn. UJAAS E PC UJAAS Rooftop Solar Powe r Plant O&M UJAAS Par ks • With UJAAS Ro o fto p, the T he c o mpa ny o pe ra te s a nd • UE L ’ s fla g ship o ffe ring fo r • L e ve ra g ing the c o mpa ny’ s • e xpe rie nc e , b o th in the po we r a nd c o mpa ny o ffe r sma ll ma inta ins o ve r 230 MWp o n o ne sto p c o mpre he nsive so la r se c to r, the c o mpa ny is no w g rid -c o nne c te d a nd o ff- b e ha lf o f its c lie nts. so la r turn-ke y pro je c ts to BUSINE SS MIX o ffe ring so la r E PC se rvic e s to g rid so lutio ns to the UE L a lso ha s a 15.5 MWp so la r a ny po te ntia l so la r po we r • po te ntia l so la r po we r pro d uc e rs c usto me r po we r pla nt o n its o wn pro d uc e r. b o o ks. a nd c a ptive g e ne ra to rs. • UJAAS Par ks – UE L ha s se t up mo re tha n 188 MWp o f So la r Po we r pla nts fo r se ve ra l c o rpo ra te a nd Ind ivid ua l c lie nts like K RBL , SRS, F rie nd s Gro up, Ro c kwe ll, Avo n Cyc le s, SE CI e tc . • UJAAS E PC – UE L ha s a lso se t up so la r po we r pro je c ts a t c lie nt site s fo r va rio us re pute d c lie nts suc h a s Airpo rts Autho rity o f Ind ia , SE CI, Oil Ind ia L td a nd We st Be ng a l Sta te E le c tric ity Bo a rd . MARKE T S • UJAAS Rooftop - UE L ha s se t up mo re tha n 15 MWp o f So la r Ro o fto p pro je c ts fo r se ve ra l c lie nts like PNB II T , NT PC Aura iya e tc . • T otal Inc ome in F Y17 re po rte d a t INR 4,907 Mn • E DA in F Y17 re po rte d a t INR 743 Mn; E gins re po rte d a t 15.15% BIT BIT DA Mar F INANCIAL S • Ne t Pr ofit in F Y17 re po rte d a t INR 364 Mn; PAT gins re po rte d a t 7.42% Mar 2

Ke y Highlights 9M- F Y18 F inanc ial Pe r for manc e : Q3- F Y18 F inanc ial Pe r for manc e : T o ta l I nc o me : I NR 2,700 Mn T o ta l I nc o me : I NR 761 Mn • • E BI T DA: I NR 369 Mn E BI T DA: I NR 104 Mn • • E BI T DA Ma rg in: 13.67% E BI T DA Ma rg in: 13.67% • • Ne t Pro fit: I NR 160 Mn Ne t Pro fit: I NR 40 Mn • • PAT Ma rg in: 5.93% PAT Ma rg in: 5.26% • • Dilute d E PS: 0.80 Dilute d E PS: 0.20 • • Ope r ational Highlights: E xe c ute d o rde rs wo rth 42 MW (a c ro ss a ll se g me nts) in 9M-F Y18. • T he c urre nt o rde r b o o k sta nds a t 30 MW • T he b id b o o k o f the c o mpa ny is o f 80 MW • 3

Q3- F Y18 F inanc ial Pe r for manc e s (INR Mn) Par tic ular Q3- F Y18 Q3- F Y17 Y- o- Y Q2- F Y18 Q- o- Q otal Inc ome * 761 1,013 (24.9% ) 858 (11.3% ) T xpe nse s 657 842 (22.0%) 741 (11.3%) Ope ra ting E DA 104 171 (39.2% ) 117 (11.1% ) E BIT gin (%) 13.67% 16.88% (321 Bps) 13.64% 3 Bps E BIT DA Mar De pre c ia tio n 21 21 21 ina nc e Co st 42 42 44 (4.5%) F ax Pr ofit Be for e T 41 108 (62.0% ) 52 (21.2% ) a xa tio n 1 22 (95.5%) 6 (83.3%) T ax 40 86 (53.5% ) 46 (13.0% ) Pr ofit Afte r T gin (%) 5.26% 8.49% (323 Bps) 5.36% (10 Bps) PAT Mar Othe r Co mpre he nsive Inc o me - - - 40 86 (53.5% ) 46 (13.0% ) T otal Compr e he nsive Inc ome PS (INR) 0.20 0.43 (53.5%) 0.23 (13.0%) Dilute d E * Inc lude s Othe r Inc o me 4

Q3- F Y18 Pe r for manc e - Se gme ntal Manufac tur ing and Sale of Solar Powe r Plant Solar Powe r Plant Ope r ation (INR Mn) (INR Mn) Ne t Re ve nue (INR mn) 2000 140 115 120 1516 105 97 1500 100 70 80 964 905 1000 57 795 60 684 40 500 20 0 - Q3-FY17 Q4-FY17 Q1-FY18* Q2-FY18* Q3-FY18* Q3-FY17 Q4-FY17 Q1-FY18* Q2-FY18* Q3-FY18* 180 70 153 60 160 60 51 140 50 50 (INR mn) 109 120 91 40 100 83 70 80 30 60 19 20 BIT 13 40 10 20 E 0 0 Q3-FY17 Q4-FY17 Q1-FY18* Q2-FY18* Q3-FY18* Q3-FY17 Q4-FY17 Q1-FY18* Q2-FY18* Q3-FY18* * Numb e rs re sta te d a c c o rding to IND-AS 5

9M- F Y18 F inanc ial Pe r for manc e s (INR Mn) Par tic ular 9M- F Y18 9M- F Y17 Y- o- Y otal Inc ome * 2,700 3,271 (17.5% ) T xpe nse s 2,331 2,732 (14.7%) Ope ra ting E DA 369 (31.5% ) 539 E BIT gin (%) 13.67% (281 Bps) E BIT DA Mar 16.48% 62 1.6% De pre c ia tio n 61 129 (6.5%) F ina nc e Co st 138 ax 178 340 (47.6% ) Pr ofit Be for e T a xa tio n 18 83 (78.3%) T ax 160 (37.7% ) 257 Pr ofit Afte r T gin (%) 5.93% 7.86% (193 Bps) PAT Mar - - Othe r Co mpre he nsive Inc o me 160 257 (37.7% ) T otal Compr e he nsive Inc ome PS (INR) 0.80 1.28 (37.5%) Dilute d E * Inc lude s Othe r Inc o me 6 6

9M- F Y18 Pe r for manc e - Se gme ntal Manufac tur ing and Sale of Solar Powe r Plant Solar Powe r Plant Ope r ation (INR Mn) (INR Mn) Ne t Re ve nue (INR mn) 500 2,918 3,000 400 2,443 313 300 2,000 231 200 1,000 100 - - 9M-FY17 9M-FY18* 9M-FY17 9M-FY18* 150 400 160 355 350 140 300 120 (INR mn) 244 250 100 81 200 80 150 60 100 40 BIT 50 20 E - - 9M-FY17 9M-FY18* 9M-FY17 9M-FY18* * Numb e rs re sta te d a c c o rding to IND-AS 7

Histor ic al Inc ome State me nt s (INR. Mn) Par tic ular F Y14 F Y15 F Y16 F Y17 9M- F Y18** 5,332 1,133 2,795 4,907 2,700 otal Inc ome * T 4,341 688 2,146 4,164 2,331 Ope ra ting E xpe nse s DA 991 445 649 743 369 E BIT gin (%) 18.58% 39.28% 23.22% 15.15% 13.67% E BIT DA Mar ina nc e Co st 91 180 155 180 129 F De pre c ia tio n 47 81 80 81 62 ax 853 184 414 482 178 Pr ofit Be for e T 479 67 205 118 18 a xa tio n T ax 374 117 209 364 160 Pr ofit Afte r T gin (%) 7.01% 10.33% 7.48% 7.42% 5.93% PAT Mar PS (INR) 1.87 0.59 1.04 1.82 0.80 Dilute d E * Inc lude s Othe r Inc o me **As pe r IND-As 8

Balanc e She e t – IND- AS Par tic ular s (INR Mn) H1- F Y18 Par tic ular s (INR Mn) H1- F Y18 E QUIT IE S & L IABIL IT IE S Asse ts Shar e holde r F unds Non- c ur r e nt Asse ts (a ) E q uity Sha re Ca pita l 200 F ixe d Asse ts (b ) Othe r E q uity 2,017 (a ) Pro pe rty, Pla nt a nd e q uipme nt 1,783 2,217 (b ) Inta ng ib le Asse ts 4 T otal E quity (c ) F ina nc ia l Asse ts Non- Cur r e nt L iabilitie s (a ) F ina nc ia l L ia b ilitie s (i) Inve stme nts 1 (i) Bo rro wing s 731 (ii) Othe r F ina nc ia l Asse ts 19 (b ) De fe rre d T a x L ia b ility (ne t) 456 (d ) Othe r No n-Curre nt Asse ts 32 (c ) L o ng te rm Pro visio ns 9 T otal - Non- c ur r e nt L iabilitie s 1,196 T otal – Non- c ur r e nt Asse ts 1,839 Cur r e nt L iabilitie s Cur r e nt Asse ts (a ) F ina nc ia l L ia b ilitie s (a ) Inve nto ry 628 (i) Bo rro wing s 305 (b ) F ina nc ia l Asse t (ii) T ra d e Pa ya b le s 1,240 (i) Inve stme nts - (iii)Othe r F ina nc ia l L ia b ilitie s 134 (ii) T ra d e Re c e iva b le s 1,495 (b ) Othe r Curre nt L ia b ilitie s 3 (iii) Ca sh & Ca sh E q uiva le nts 33 (c ) Pro visio ns 4 (iv) Ba nk Ba la nc e o the r tha n (iii) a b o ve 529 (d ) Curre nt T a x L ia b ilitie s (ne t) 66 (v) L o a ns 4 (vi) Othe r F ina nc ia l Asse ts 309 (c ) Othe r Curre nt Asse ts 328 T otal Cur r e nt L iabilitie s 1,752 T otal Cur r e nt Asse ts 3,326 T OT AL E QUIT Y AND L IABIL IT IE S 5,165 T OT AL ASSE T S 5,165 9