Slides
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Earnings Presentation – Q3 FY2025 January 2025 ACME Solar Holdings Limited
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2 Disclaimer By attending the presentation or by reading the presentation slides you agree to be bound as follows: This Presentation is prepared by ACME Solar Holdings Limited (“Company”) and is for information purposes only without regards to specific objectives, financial situations or needs of any particular person and is not and nothing in it shall be construed as an invitation, offer, solicitation, recommendation or advertisement in respect of the purchase or sale of any securities of the Company or any affiliates in any jurisdiction or as an inducement to enter into investment activity and no part of it shall form the basis of or be relied upon in connection with any contract or commitment or investment decision whatsoever. This Presentation does not take into account, nor does it provide any tax, legal or investment advice or opinion regarding the specific investment objectives or financial situation of any person. This Presentation and its contents are confidential and proprietary to the Company and/or its affiliates and no part of it or its subject matter be used, reproduced, copied, distributed, shared, or disseminated, directly or indirectly, to any other person or published in whole or in part for any purpose, in any manner whatsoever. The information contained in this Presentation is a general background information of the Company and its affiliates. We don’t assume responsibility to publicly amend, modify or revise any information contained in this Presentation on the basis of any subsequent development, information or events, or otherwise. This Presentation should not be considered as a recommendation to any investor to subscribe to any security. This Presentation may include certain statements that are, or may be deemed to be, “forward-looking statements” and relate to the Company, its affiliates and its financial position, business strategy, events and courses of action. Forward-looking statements and financial projections are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements and financial projections. Forward-looking statements and financial projections include, among other things, statements about: our expectations regarding our expenses, sales and operations; our future customer concentration; our anticipated cash needs, our estimates regarding our capital requirements, our need for additional financing; our ability to anticipate the future needs of our customers; our plans for future products and enhancements of existing products; our future growth strategy and growth rate; our future intellectual property; and our anticipated trends and challenges in the markets in which we operate. Forward-looking statements are not guarantees of future performance including those relating to general business plans and strategy, future outlook and growth prospects, and future developments in its businesses and its competitive and regulatory environment. No representation, warranty or undertaking, express or implied, is made or assurance given that such statements, views, projections or forecasts in the Presentation, if any, are correct or that any objectives specified herein will be achieved. We, or any of our affiliates, shareholders, directors, employees, or advisors, as such, make no representations or warranties, express or implied, as to, and do not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information or opinions contained herein and accept no liability whatsoever for any loss, howsoever, arising from any use or reliance on this Presentation or its contents or otherwise arising in connection therewith. The information contained herein is subject to change without any obligation to notify any person of such revisions or change and past performance is not indicative of future results. It is clarified that this Presentation is not intended to be a document or advertisement offering for subscription or sale of any securities or inviting offers or invitations to offer or solicitation to offer from the public (including any section thereof) or any class of investors. This document has not been and will not be reviewed or approved by a regulatory authority in India or by any stock exchange in India. No rights or obligations of any nature are created or shall be deemed to be created by the contents of this Presentation.
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3 Agenda Business & Operational Highlights Financial Highlights Company Overview Project Details Annexure
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Business & Operational Highlights Image source: ACME ISTS Project
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55 Business Highlights YTD (1/2) PPAs signed for ~53% of UC Capacity 1,340 MW 2,540 MW FY24A FY25 YTD Operational Capacity 90% Operational Portfolio Split (2,540 MW) ✓ 1,200 MW (1.8 GWp) SECI ISTS projects fully commissioned taking the operational portfolio to 2,540 MW (3.6 GWp) ✓ 450 MW (300 MW solar + 150 MW wind) of capacity in advance stages of construction ✓ 1,900 MW capacity won in FY25 till date taking the total contracted portfolio to 6,970 MW o FDRE: 1,000 MW o Solar: 600 MW o Hybrid: 300 MW ✓ PPA signed for 2,340 MW out of Under Construction (UC) capacity of 4,430 MW ✓ Tariff adopted/ Order reserved for 2,500 MW of UC capacity (4,430 MW) Orderbook Built Capacity Addition PPAs Signed State offtakers 33%Central offtakers 67%
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66 Business Highlights YTD (2/2) ✓ Debt reduced by ~INR 2,070 Cr through of IPO proceeds till date ✓ Debt sanctioned for 1,700 MW UC projects amounting ~INR 16,500 Cr ✓ Debt tied up for refinancing of operational projects of ~INR 5,500 Cr at an average rate of 8.8% p.a. resulting in: o Expected cash release of ~INR 650 Cr o Reduction in cost of debt by ~70 bps for refinanced projects Financing Update 8,755 6,882 Q2 FY25 Q3 FY25 21% Net Debt Reduction (INR Cr) Grid Connectivity for UC Capacity ✓ Grid connectivity in place for 4,430 MW of UC capacity ✓ Connectivity (applied + secured) of ~2,000 MW available for future bids Grid Connectivity 100% Secured
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77 Target to have a portfolio of 10 GW contracted capacity by 2030 2,540 MW 6,970 MW Operational Portfolio (as on date) FY27 / FY28E Run-Rate Annual Project EBITDA1: ~ INR 1,750 - 1,800 Cr. Pre-tax ROCE1: 14.5% 1. Pre-tax ROCE calculated as: Run Rate EBITDA/Gross Block. Expected Annual Run-Rate EBITDA calculated basis full and steady operations of 2,540 MW of capacity and does not include any Holdco. expenses. Gross Block calculated as: Gross block less EPC margin realized within the ACME group 40% CAGR Capacity Roadmap
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88 23.0% 23.7% Operational Highlights Generation (in Million Units) Capacity Utilization Factor (CUF %) 9M FY24 9M FY25 1. The Operational Highlights for 9M FY24 have been adjusted for 369 MW assets monetised in Q4 FY24 to enable a like-to-like comparison with 9M FY25 MTBF: Mean Time Before Failure; MTTR: Mean Time To Repair 3.2% Optimized MTTR and MTBF through effective spares and inventory management, implemented detailed SOPs, and developed in-house SMEs to provide round the clock on-call and on-site support to the site operations team. Operational Highlights (Like to like comparison)1 1,858 2,499 Implementation of digitization across all major activities including preventive/predictive maintenance, drone survey, string monitoring to enhance plant performance. 34.5% 99.3% 99.4% Grid Availability % Plant Availability % 9M FY24 9M FY25 99.4% 99.6%
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Financial Highlights Image source: ACME ISTS Project
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1010 Consolidated Financials Highlights – Q3 FY25 Y-o-Y 1. 369 MW of operational assets were monetized in Q4 FY24 which contributed INR 88 Cr to the Total Revenue in Q3 FY24. For like-to-like periodic comparison with Q3 FY25, the financials of Q3 FY24 have been adjusted to factor the impact of monetized assets 2. Cash PAT has been computed as PAT+ Depreciation +/(-) Exceptional items Key Consolidated Financials as Reported (INR Cr) 365 401 Q3 FY24 Q3 FY25 TOTAL REVENUE 9.9% 310 359 Q3 FY24 Q3 FY25 EBITDA 15.7% 44 112 Q3 FY24 Q3 FY25 PAT 152.1% 124 189 Q3 FY24 Q3 FY25 CASH PAT2 52.5% ▪ Revenue has increased by 10% for the quarter on a y-o-y basis majorly on account of phased commissioning of 1200 MW SECI ISTS project ▪ Healthy EBITDA margin of 90% in Q3 FY25 compared to 85% in Q3 FY24 on account of favorable operating leverage ▪ PAT margin stood at 28% in Q3 FY25 compared to 12% in Q3 FY24 Key Consolidated Financials – Like-to-Like Asset Basis (INR Cr)1 276 401 Q3 FY24 Q3 FY25 TOTAL REVENUE 45.1% (ADJ) 225 359 Q3 FY24 Q3 FY25 EBITDA 59.4% (ADJ) 27 112 Q3 FY24 Q3 FY25 PAT 317.1% (ADJ) 76 189 Q3 FY24 Q3 FY25 CASH PAT2 149.0% (ADJ) More details related to monetized asset financial adjustment in Slide #27 Remarks on Reported Financials:
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1111 Standalone Overview (In-house EPC Business) INR Cr Financial Highlights – 9M FY25 ❖ At Consolidated level, Operational Revenue is reflected only from Sale of Electricity while EPC Revenue get eliminated due to inter-group nature. However, tax related to EPC business gets added to the Consolidated financials. ❖ At Standalone level, the financials represent the EPC Revenue for performing EPC for its wholly owned subsidiaries. Key Financials Consolidated Overview (Sale of Power) INR Cr Breakdown of Financials 1. Cash PAT has been computed as PAT+ Depreciation +/(-) Exceptional items. 198 199 407 1,203 Cash PAT PAT EBITDA Total Revenue Key Standalone Financials (9M FY25) 321 129 917 1,036 Cash PAT PAT EBITDA Total Revenue Key Consolidated Financials (9M FY25) 1 1 EBITDA Margin: 89% EBITDA Margin: 34%
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1212 Gross Block and Net Debt Movement Gross Block, 8,560 Gross Block, 13,228 CWIP, 5,730 CWIP, 1,678 Q2 2025 Q3 2025 Asset Base (INR Cr) 5,517 6,069 3,238 813 309 (1,907) 24 (298) 8,755 6,882 Net Debt O/s Q2 FY25 Addition Repayment IND AS Adjustment Change in Cash Net Debt O/s Q3 FY25 Net Debt (INR Cr) Operational CWIP IPO Proceeds of ~INR 2,070 Cr have been utilised till date1 towards debt repayment resulting in substantial reduction in O/S Debt 14,290 14,906 Net Debt, 8,755 Net Debt, 6,882 Cash, 1,598 Cash, 1,897 10,354 8,779 Q2 2025 Q3 2025 Gross Debt (INR Cr) 1. Status as of 25th January 2025
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1313 1,010 1,223 Q3 FY24 Q3 FY25 Annualised EBITDA (INR Cr) 3.9 1.6 Q3 FY24 Q3 FY25 Other Financial Highlights 5,765 6,069 1,088 813 6,852 6,882 Q3 FY24 Q3 FY25 Operational Net Debt CWIP Net Debt Cash RoE4 (%) Net Debt to Net Worth3 15.2% 12.3% Q3 FY24 Q3 FY25 1. Net Debt is computed as Gross Debt less Cash and Cash Equivalents, Other Bank Balances and Short -term investments; Operational N et Debt includes the amount for ACME Solar Holdings Ltd and ACME Solar Energy Pvt Ltd 2. Computed on annualised EBITDA on 9M basis and Net Debt related to Operational Assets 3. Computed as Net Debt/ Closing Net Worth; Net Worth of Q3 FY24 has been adjusted for the profit generated by the assets moneti zed in Jan’24 4. Computed as annualised Cash PAT on 9M basis divided by average net worth as of the beginning of the financial year and closing balance of the reporting period basis reported numbers Net Debt/EBITDA targeted to be under ~5.5x on operational portfolio basis Net Debt (INR Cr)1 Operational Net Debt to Annualized EBITDA2 For 1,2 and 3: the financials of FY24 have been adjusted to factor the impact of monetized assets 5.7x 5.0x Operational Net Debt/ Annualized EBITDA Reduction is observed due to the addition of IPO proceeds to Shareholders’ Equity in Q3 FY25
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1414 Continued Improvement in Days of Sales O/S 228 197 147 117 72 * FY22 FY23 9M FY24 FY24 9M FY25 Days of Sales Outstanding as on 9M FY251 1. Days of Sales O/s calculated as total trade receivables divided by Revenue from Operations times number of days in the relevant period 2. REIA: Renewable Energy Implementing Agency (SECI, SJVN, NTPC, NHPC) • There has been a continuous improvement in DSO days • ~43% of O/S receivables as on Q3 FY25 are due to AP discoms representing ~6% of operational capacity as of Q3 FY25 • Majority of Under Construction and recently operationalized SECI ISTS projects portfolio is contracted with REIAs2 which shall further assist in lowering the DSO *Calculation of DSO as of Q3 FY25 excludes INR 86 Cr of O/S dues from AP discom which shall be recovered in 9 EMIs as per APERC ruling in favour of the project company. DSO would be 98 days if INR 86 Cr related to the AP dues are included in receivables for 9M FY25
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Company Overview Image source: ACME ISTS Project
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1616 ACME Solar One of the Largest Renewable Energy IPPs in India Non-Institutional Investors 4.07% Institutional Investors 12.51% Promoter Group 83.41% CRISIL A1 April’24 About the Company Portfolio of 6,970 MW spanning across solar, wind, hybrid & FDRE projects Long Term Stable Cashflows: Contracted through 25 yrs PPAs with government backed entities at fixed tariffs 1. As on 31st December 2024 IPP: Independent Power Producer; PPA: Power Purchase Agreement; FDRE: Firm and Dispatchable Renewable Energy Technological Advancements: Early adopter of technology to optimize power generation and operational efficiency Diversified Source of Funding: Strong relationship with institutional investors and lenders across the globe In-House EPC and O&M Capabilities: Enabling to control processes, costs & timelines & flexibility in terms of technology and suppliers. Shareholding Pattern1 Credit Rating - ASHL Shareholders (>1% Shareholding)
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1717 Portfolio with Strong Offtakers located at Strategic Locations 1. Central comprising of offtakers as SECI, NTPC, SJVN, NHPC and merchant plant. Merchant plant (ACME Sikar) is planned to be operated under the newly won SECI bid (subject to PPA signing). State offtakers 14% Central offtakers1 86% Solar 49% FDRE, Hybrid & Others 49% Wind 2% Operational, 2,540 MW PPA Signed, 2,340 MW LOA Awarded 1,840 MW LOA Awaited, 250 MW Under Construction, 4,430 MW Diversified portfolio with ~ 85% of the portfolio contracted with central offtakers spanning across new age technologies like FDRE and Hybrid >75% of operational portfolio located at one of the highest resource potential state of Rajasthan Operational INR 3.5/KWh Under Construction INR 3.8/KWh Weighted Average Tariff
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1818 ACME Shines with the inauguration of 1,200 MW Solar Plant Awards and Recognitions Inauguration of the 1,200 MW SECI ISTS solar power project in Jaisalmer, Rajasthan, by Hon'ble Union Minister Mr. Pralhad Joshi marks a significant milestone in clean energy. This landmark project will generate 3,000 million units annually, reducing carbon emissions by 2.6 million tonnes per year. Bharat Solar Excellence Award - Solar Ground Mount Project of the year – IPP 2025 to ACME Heergarh Powertech 300 MW project Largest Single Location Solar Power Plant in Rajasthan – SECI 1200 MW ISTS at the Power Awards 2025 by the Independent Power Producers Association of India (IPPAI)
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1919 Peer Comparison – Q3 FY25 Particulars ACME Solar NTPC Green* Adani Green** Solar Capacity (MW) 2,540 3,375 7,756 Wind Capacity (MW) - 100 1,714 Hybrid Capacity (MW) - - 2,140 Total Operational Capacity (MW) 2,540 3,475 11,610 CUF - Solar 23.70% NA 23.50% (INR Cr) Total Revenue 401 581 2,630 EBITDA1 359 500 2,173 EBITDA Margin (%)2 90% 86% 83% PAT 112 66 474 PAT Margin (%)2 28% 11% 18% Cash PAT3 189 260 1,105 * - Data sourced from company financials and NTPC earnings call ** - Data sourced from company financials and earnings presentation 1. EBITDA calculated as Revenue from Operations + Other Income – Cost of goods sold – Employee benefits expense – other expenses 2. EBITDA margin and PAT margin has been calculated as EBITDA/Total Revenue and PAT/Total Revenue respectively. Total Revenue in cludes Revenue from Operations and Other Income. 3. Cash PAT has been computed as PAT+ Depreciation +/(-) Exceptional items
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Project Details Image source: ACME ISTS Project
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2121 Operational Portfolio Overview (1/2) Name of Project SPV(s) State Type Capacity (in MW) Off-taker Tariff (INR/kWh) COD PPA Tenor (years) ACME Solar Technologies (Gujarat) Private Limited Gujarat Solar 15 GUVNL First 12 years - 15.00 Next 13 years - 5.00 Mar-12 25 ACME Solar Energy MP Private Limited Madhya Pradesh Solar 25 MPPMCL 8.05 Phase I (10MW) - December 2013 Phase II (15MW) - January 2014 25 ACME Odisha Solar Power Private Limited Odisha Solar 25 Off-taker 7.28 Jun-15 25 Acme Raipur Solar Power Private Limited Chhattisgarh Solar 30 CSPDCL 6.46 Phase I (23 MW) - January 2016 Phase II (7MW) - March 2016 25 Acme Solar Rooftop Systems Private Limited Punjab Solar 30 PSPCL 7.57 May-16 25 Aarohi Solar Power Private Limited Andhra Pradesh Solar 50 APSPDCL 5.63[1] Mar-16 25 Acme Jaisalmer Solar Power Private Limited Solar 20 APSPDCL 5.63[1] May-16 25 Dayanidhi Solar Power Private Limited Solar 40 APSPDCL 5.97[1] Apr-16 25 Niranjana Solar Power Private Limited Solar 20 APSPDCL 5.71[1] Mar-16 25 Viswatma Solar Energy Private Limited Solar 30 APSPDCL 5.71[1] Apr-16 25 ACME Magadh Solar Power Private Limited Bihar Solar 10 SBPDCL and NBPDCL 8.73 Jun-16 25 ACME Nalanda Solar Power Private Limited Solar 15 SBPDCL and NBPDCL 8.73 Jun-16 25 Dayakara Solar Power Private Limited Telangana Solar 30 TSSPDCL 6.848 Phase I (14 MW) June 2016 Phase II (16 MW) July 2016 25 Grahati Solar Power Private Limited Solar 50 TSSPDCL 6.737 Phase I (20 MW) July 2016 Phase II (30 MW) August 2016 25 ACME PV Powertech Private Limited Solar 50 TSNPDCL 5.595 Phase I (40 MW) July 2017 Phase II (10 MW) August 2017 25 ACME Solar Power Technology Private Limited Solar 50 TSNPDCL 5.59 Feb-18 25 Acme Yamunanagar Solar Power Private Limited Solar 20 NTPC 4.67 Sep-17 25 Acme Mahbubnagar Solar Energy Private Limited Solar 30 NTPC 4.67 Sep-17 25 Nirosha Power Private Limited Uttar Pradesh Solar 30 UPPCL 8.93 Sep-16 12 (renewable for another 13 years) ACME Sidlaghatta Solar Energy Private Limited Karnataka Solar 20 BESCOM 2.97 Oct-19 25 1. For Andhra Pradesh plants, there is an annual escalation of 3% in tariff till the 10th year from the date of the PPA and it will remain constant after that for the remainder term of the PPA.
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2222 Operational Portfolio Overview (2/2) Name of Project SPV(s) State Type Capacity (in MW) Off-taker Tariff (INR/kWh) COD PPA Tenor (years) ACME Jodhpur Solar Power Private . Limited Rajasthan Solar 100 SECI 2.44 Sep-18 25 ACME Rewa Solar Power Private Limited Solar 100 SECI 2.44 Oct-18 25 Acme Heergarh Powertech Private Limited Solar 300 MSEDCL 2.74 Phase I (100 MW) April 2022 Phase II (200 MW) May 2022 25 ACME Aklera Power Technology Private Limited Solar 250 SECI 2.48 Phase I (200 MW) July 2023 Phase II (50 MW) January 2024 25 ACME Raisar Solar Energy Private Limited Rajasthan Solar 300 SECI 2.44 Phase I (272 MW): December 2024 Phase II (28 MW): January 2025 25 ACME Dhaulpur Powertech Private Limited Rajasthan Solar 300 SECI 2.44 Phase I (238 MW): December 2024 Phase II (62 MW): January 2025 25 ACME Deoghar Solar Power Private Limited Rajasthan Solar 300 SECI 2.44 Phase I (253 MW): December 2024 Phase II (47 MW): January 2025 25 ACME Phalodi Solar Energy Private Limited Rajasthan Solar 300 SECI 2.44 Phase I (260.05 MW): December 2024 Phase II (39.95 MW): January 2025 25 Total (A) 2,540 3.46
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2323 Under Construction Portfolio Overview (1/2) Project Name Type Contracted Capacity (MW) Off-taker Tariff (INR/kWh) PPA Tenor (years) ACME Pokhran Solar Private Limited Wind 50 GUVNL 2.90 25 ACME Eco Clean Energy Private Limited Wind 100 GUVNL 3.01 25 ACME Surya Power Private Limited FDRE 250 SJVN 4.38 25 ACME Sun Power Private Limited FDRE 320 SJVN 4.38 25 ACME Urja One Private Limited FDRE 380 SECI 4.73 25 ACME Renewtech Private Limited Hybrid 300 NTPC 3.36 25 ACME Platinum Urja Private Limited FDRE 350 SECI 3.42 25 ACME Venus Urja Private Limited FDRE 400 NHPC 4.64 25 ACME Hybrid Urja Private Limited FDRE 280 NHPC 4.64 25 ACME Alpha Renewables Private Limited Hybrid 150 NTPC 3.32 25 ACME Sigma Urja Private Limited Solar 300 NTPC 2.53 25 ACME Omega Urja Private Limited Solar 300 SJVN 2.52 25 ACME Renewtech Second Private Limited Hybrid 300 SECI 3.25 25 ACME Marigold Urja Private Limited FDRE 400 NTPC 4.70 25 ACME Sikar Solar Private Limited1 Solar 300 - - - SPV 32 FDRE 250 NHPC 4.56 25 Total (B) - 4,430 - 3.843 - 1. Merchant plant (ACME Sikar) is planned to be operated under the newly won SECI bid subject to PPA signing. The petition for tariff adoption of INR 3.05/KWh has been filed as of 27th January 2024. 2. The LOA /capacity has been secured in the name of the Company. However, the project will be developed by the relevant SPV, once finalized. 3. Weighted average tariff calculated using contracted capacity (MW).
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2424 Under Construction Portfolio Overview (2/2) Project Name Type Contracted Capacity (MW) Off-taker PPA Status Tariff Adoption Grid Connectivity ACME Pokhran Solar Private Limited Wind 50 GUVNL PPA signed Tariff Adopted Secured Connectivity - 50 MW ACME Eco Clean Energy Private Limited Wind 100 GUVNL PPA signed Tariff Adopted Secured Connectivity - 100 MW ACME Sikar Solar Private Limited1 Solar 300 Merchant - - Secured Connectivity - 300 MW ACME Surya Power Private Limited FDRE 250 SJVN PPA signed Tariff Adopted Secured Connectivity - 600 MW ACME Sun Power Private Limited FDRE 320 SJVN PPA signed Tariff Adopted Secured Connectivity - 565 MW ACME Urja One Private Limited FDRE 380 SECI PPA signed for 190 MW Order Reserved Secured Connectivity - 984 MW ACME Renewtech Private Limited Hybrid 300 NTPC PPA signed Tariff Adopted Secured Connectivity - 400 MW ACME Platinum Urja Private Limited FDRE 350 SECI PPA signed for 150 MW Order Reserved Connectivity Applied - 350 MW ACME Venus Urja Private Limited FDRE 400 NHPC PPA signed Petition Filed Secured Connectivity - 564 MW Connectivity Applied - 188 MW ACME Hybrid Urja Private Limited FDRE 280 NHPC PPA signed Petition Filed Secured Connectivity - 95 MW Connectivity Applied - 412 MW Total (I) - - PPA signed - 2,340 MW 1. Merchant plant (ACME Sikar) is planned to be operated under the newly won SECI bid subject to PPA signing. The petition for tariff adoption of INR 3.05/KWh has been filed as of 27th January 2025. 2. The LOA /capacity has been secured in the name of the Company. However, the project will be developed by the relevant SPV, once finalized. Project Name Type Contracted Capacity (MW) Off-taker PPA/ LOA Status Tariff Adoption Grid Connectivity ACME Urja One Private Limited FDRE 380 SECI PPA to be signed for 190 MW Order Reserved Secured Connectivity - 984 MW ACME Platinum Urja Private Limited FDRE 350 SECI PPA to be signed for 200 MW Order Reserved Connectivity Applied - 350 MW ACME Alpha Renewables Private Limited Hybrid 150 NTPC LOA awarded Order Reserved Secured Connectivity - 202 MW ACME Sigma Urja Private Limited Solar 300 NTPC LOA awarded Tariff Adopted Secured Connectivity - 300 MW ACME Omega Urja Private Limited Solar 300 SJVN LOA awarded Order Reserved Connectivity Applied - 300 MW ACME Renewtech Second Private Limited Hybrid 300 SECI LOA awarded Petition filed Secured Connectivity - 300 MW Connectivity Applied - 100 MW ACME Marigold Urja Private Limited FDRE 400 NTPC LOA awarded Petition yet to be filed Secured Connectivity - 764 MW SPV 32 FDRE 250 NHPC LOA awaited Petition yet to be filed Secured Connectivity - 350 MW Connectivity Applied - 100 MW Total (II) - - 2,090 MW I. PPA signed - Under Construction Portfolio II. LOA Awarded/ Awaited/ PPA yet to be signed - Under Construction Portfolio
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Annexure Image source: ACME ISTS Project
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2626 Key Standalone and Consolidated Financials (Reported) ACME Standalone Overview (from In-house EPC Business)ACME Consolidated Overview (from Sale of Power) Particulars (INR Cr) Q3 FY25 Q2 FY25 Q3 FY24 EPC Revenue 279 435 82 Other income 49 37 30 Total Income 327 472 113 Cost of materials consumed 228 336 80 Employee benefits expense 36 24 19 Other expenses 11 5 3 Total expenses 274 365 102 EBITDA 53 107 11 Finance costs 47 48 45 Depreciation and amortisation expense 0 0 0 Profit/ (loss) before exceptional items 6 59 (34) Exceptional items 2 - 44 Profit before tax 8 59 10 Tax expense 6 13 10 Profit after Tax (PAT) 2 46 0 Particulars (INR Cr) Q3 FY25 Q2 FY25 Q3 FY24 Revenue from operations 349 260 332 Other income 52 36 33 Total Income 401 295 365 Employee benefits expense 17 16 17 Other expenses 25 23 38 Total expenses 42 39 54 EBITDA 359 256 310 Finance costs 179 178 202 Depreciation and amortisation expense 70 60 85 Profit before exceptional items 110 18 23 Exceptional items (7) - 6 Profit before Tax 103 18 29 Tax Expense (9) 3 (16) Profit after Tax (PAT) 112 15 44
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2727 Adjustments related to Monetized Assets in Consolidated Financials A = B + C B C Particulars (INR Cr) Reported Q3 FY24 Adjusted Q3 FY24 for like-to-like comparison with Q3 FY25 Monetized Assets Q3 FY24 Power Sale Revenue (I) 332 254 78 Other Income (II) 33 22 11 Total Revenue (I + II) 365 276 88 EBITDA 310 225 85 PAT 44 27 18 Cash PAT 124 76 48
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Thank You Image source: ACME ISTS Project Reach out to us: Investor Relations Email: investor.relations@acme.in Website: www.acmesolar.in