UJAAS ENERGY LIMITED INVESTOR PRESENTATION N O V E M B E R 2 0 1 6
Executive Summary • Ujaas Energy Ltd (UEL) was founded by Mr. Shyam Sunder Mundra and is run today along with his two sons, Mr. Vikalp Mundra and Mr. Anurag Mundra. • Manufacturing transformers for more than 30 years, the company diversified into the generation of solar energy and launched a solar power turn- key project called ‘UJAAS’ since 2010. COMPANY OVERVIEW • UEL was listed on both BSE and NSE in October 2011. • Company’s market capitalization as on 30 th October 2016 was approximately INR 6,090 Mn. UJAAS EPC Solar Power Plant O&M UJAAS Parks • Leveraging the company’s experience, • The company operates and maintains • ‘UJAAS Parks’ is UEL’s flagship both in the power and solar sector, the over 160 MW on behalf of its clients. offering for one stop company is now offering solar EPC • UEL also has a 15.4 MW solar power comprehensive solar turn-key BUSINESS MIX solutions to potential solar power plant on its own books. projects to any potential solar producers and captive generators. power producer. • UJAAS Parks – UEL has set up more than 160 MW of Solar Power plants for several corporate and Individual clients like KRBL, SRS, Friends Group, Rockwell, Avon Cycles, NALCO, SECI etc. • Ujaas EPC – UEL has also set up solar power projects at client sites for various reputed clients such as Airports Authority of MARKETS India, SECI and Oil India Ltd. • Total Income in FY16 reported at INR 2,795 Mn • EBITDA in FY16 reported at INR 649 Mn; EBITDA Margins reported at 23.22% FINANCIALS • Net Profit in FY16 reported at INR 208 Mn; PAT Margins reported at 7.44% 2
COMPANY OVERVIEW 3
Company at a Glance • Founded by Mr. Shyam Sunder Mundra in 1976 , as a sole Segmental Break-up FY16 proprietorship firm under the name of M & B Switchgears Limited. In August 2013, M & B Switchgears Limited was re-named to Transformer Solar Power Ujaas Energy Ltd. s Plant 1% Operation • Started with the manufacturing of panel meter for energy 11% controlling & thereafter developed a technology to transform energy with the manufacturing of Energy Transformers viz. Distribution, Power & Furnace. • Taking from its experience in the transformers and the utilities Ujaas Industry, Ujaas Energy Ltd realized the huge potential in ‘Green 88% Energy’ and ventured into the generation of Solar Power. • The company became a pioneer in generation of green energy Financial Performance (INR Mn) by becoming one of India’s first public companies to enter into the solar power generation and solar power turnkey project 6,000 5,332 management . Ujaas Energy Ltd also became the first company 5,000 to register under Solar REC Mechanism. 4,000 2,795 • Realizing the vast potential, Ujaas Energy Ltd erected and 2,480 3,000 commissioned its first 2.2 MW Solar Power Plant in March 2012 2,000 1,133 991 and then went on to add over 160 MW of solar power projects 649 508 445 1,000 374 270 209 117 across the country over the years. 0 FY13 FY14 FY15 FY16 • The company has received CARE SP-1A rating showing ‘highest Income EBITDA PAT financial capability’ and ‘highest financial strength ’ . 4
Management Profiles (1/2) Shyam Sunder Mundra - Chairman and Managing Director • Holds a degree in Bachelor of Science in Engineering (Electrical). • A Masters degree in Electronics and Servomechanism, also in Business Administration from Indore University. • Has over 43 years of experience in the power industry, Specifically 35 years in the manufacturing of Energy sector. • Previously he had worked for the Madhya Pradesh Electricity Board for 8 years, before venturing into the transformer business independently. Accolades Vikalp Mundra - Joint Managing Director • Holds a degree in Bachelor of Engineering (Electrical) . • A Masters degree in management science . • Has an overall experience spanning 22 years in the Energy sector. • Chairman of Renewable Energy Committee, IEEMA Anurag Mundra - Joint Managing Director • Holds a degree in Bachelor of Commerce • Post-Graduation Diploma in Business Administration • Chartered Financial Analyst from Institute of Chartered Financial Analysts of India, Hyderabad. • Joined the Company in 1999 and has over 16 years experience in the Energy Sector. 5
Management Profiles (2/2) Over 19 years of work experience in India at Leadership positions in Global Multinational organizations like Citibank, Dell and Deloitte • Manish Agarwal Last employed as Vice President of Strategy, research and Innovation group at Deloitte where he oversaw a team of 300 • Chief Operating people providing business research Officer B Tech from IIT Kanpur and a Post Graduate from IIM Ahmedabad • Engineering Graduate in Electrical Engineering • Amit Neema With more than 20 years of work experience. • VP Operations He handles a huge dedicated team of experienced engineers from all verticals along with all government related issues for • permissions and approvals. A Management Graduate with experience of working in government and private sector since 1999. • Ashu Gupta He has been into the field of renewable energy since 2003. • VP Corporate He is now heading the legal and strategy department of the company • An Engineer with management education from IIM – C. • Sumit Somani He has experience of more than 10 years in the field of renewable energy. • VP Business Heading the Business development vertical of the company he assists his sales team and has successfully brought several • Development contracts for the company. An Electrical Engineer from Jadavpur University & MBA from IIM. • Bikramaditya More than 34 years of experience, specialized in substation, transmission & distributions up to 765 KV system, worked with top • Raha multi-nationals e.g. Siemens, GE, Vestas etc. both in India & abroad. VP EPC Selected as member of “Renewable Energy Committee” of FICCI for 5 years from 2003. • 6
SOLAR INDUSTRY OVERVIEW 7
Indian Power Scenario Sources of Electricity in India 3,00,000 Nuclear, Oil, 0% 2% 2,50,000 Gas, 8% 73,324 69,994 2,00,000 Renewabl e Energy 63,493 Sources, 1,50,000 14% Coal, 61% Hydro, 42,414 1,00,000 1,89,498 14% 27,897 1,68,274 22,560 1,31,603 18,307 50,000 86,015 74,429 61,010 43,764 0 1990 1997 2002 2007 2012 2014 2015 The electricity sector in India had an installed capacity of 303.083 GW as of end May 2016. Thermal (in MW) Renewable (in MW) Source: Wikipedia, Power Ministry 8
Comparison of Power Generation Methods Thermal Wind Hydro Solar • Abundant supply • No emissions • No emissions • Non-polluting • Currently inexpensive to • Affordable • Reliable • Most abundant energy extract • Little disruption of ecosystems • Capable of generating large source available Pros • Reliable and capable of • Relatively high output amounts of power • Systems last 15-30 years generating large amounts of • Output can be regulated to power meet demand • Emits major greenhouse • Output is proportional to • Environmental impacts by • High initial investment gases/acid rain wind speed changing the environment in • Dependent on sunny • High environmental impact • Not feasible for all the dam area weather from mining and burning geographic locations • Hydroelectric dams are • Requires large physical Cons • High initial investment/on- expensive to build space for PV cell panels going maintenance costs • Dams may be affected by • Extensive land use drought • Potential for floods Cost/MW* INR 4 - 6cr INR 5 - 7 cr INR 8 - 10 cr INR 5 – 7 cr RECs Band None INR 1.5 - 3.3 per unit INR 1.5 - 3.3 per unit INR 3.50 - 5.80 per unit** Average PLF’s* 70.00% 20.00%*** 60.00% 18.26% Tax Benefits None 80% + 20% depreciation None 80% + 20% depreciation * Approximate values; Source: energy4me.org ** Rate revised from 9.3 to 13.4 per unit in December 2014 *** volatility upto 30% depending upon wind variation 9
Solar Power Scenario in India • India is endowed with a rich solar energy resource. The average intensity of solar radiation received on India is 200 MW/km square (megawatt per kilometer square). With a geographical area of 3.287 million km square, this amounts to 657.4 million MW. • By End of 2009, India had less than 10 MW of Solar Power whereas the world was running 23 GW. India has presently above 3.5 GW of grid-connected solar generation capacity that has been added only since year 2009. • With the last few years seeing a drop in solar power costs, the government perceives solar power as an economically rational investment and has raised its target from 20 GW to 100 GW by 2022. This was launched through the Jawaharlal Nehru National Solar Mission in 2010 with the objective to reduce dependence on imports of coal and diesel, reduce greenhouse gas emissions and improve energy security. 10
Recommend
More recommend
