Orient Green Power Company Ltd · NSE:GREENPOWER
Orient Green Power — H1 FY16 Earnings Presentation
19 slides from Orient Green Power's earnings presentation, November 2015
Slide 1: Q2 and H1 FY16 Results
Q2 and H1 FY16 Results Leading Diversified Renewable Energy Generation Company
Slide 2: Disclaimer
Disclaimer Certain statements in this presentation concerning our future growth prospects are forward looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties
Slide 3: Financial & Operational Highlights – H1 FY16
Financial & Operational Highlights – H1 FY16
Slide 4: Key Highlights
Key Highlights Successfully raised Rs. 2,500 million for augmenting Wind energy capacities and retirement of high cost debt – Investors - Edelweiss funds and Shriram Group (promoter) Demerger of Biomass business to result in two separate focused entities, besides leading to value unlocking of in
Slide 5: Consolidated Financial Performance – Q2 & H1 FY16
Consolidated Financial Performance – Q2 & H1 FY16 Rs. Million Y-o-Y Y-o-Y Q2 FY16 Q2 FY15 H1FY16 H1FY15 FY15 (%) (%) Sale of Power 1386.15 1,514.28 -8.46 2,349.01 2,821.62 -16.75 4,349.35 Other Operating Income 176.75 201.86 -12.44 296.55 368.05 -19.43 576.17 Total Income 1562.90 1,716.48 -8.95 2,64
Slide 6: Consolidated Balance Sheet as at September 30, 2015
Consolidated Balance Sheet as at September 30, 2015 Rs. Million EQUITY AND LIABILITIES As at 30.09.2015 As at 30.06.2015 Shareholders' Funds 7,398 5,681 Reserves and Surplus 2,640 2,056 Share Application Money --- --- Minority Interest 159 80 Non Current Liabilities Long term bank borrowings 13,765
Slide 7: Renewable Energy Certificates
Renewable Energy Certificates Overall performance continued to remain tepid with supply of certificates outstripping the demand, resulting in majority of the transaction at floor price However, increasing focus on RPO both from the courts and from regulators is expected to increase demand OGPL
Slide 8: REC Trading and Revenue – April 2015 to September 2015
REC Trading and Revenue – April 2015 to September 2015 REC Trade Results - Consolidated (IEX + PXIL) Market Clearing REC traded from Market Share of REC Revenue Average Price Month Volume - Non OGPL Projects OGPL (%) (Rs. Lacs) (Rs./ REC) Solar Apr – 15 55,612 2244 4.0% 34 1,500 May – 15 256,579 108
Slide 9: Wind Operations
Wind Operations [pe
Slide 10: Wind Operations
Wind Operations Unit of Particulars Q2 FY16 Q2 FY15 H1 FY16 H1 FY15 Measurement Capacity * Mw 427.50 413.86 427.50 413.86 Units Generated (Gross) Mn 271.77 287.00 408.95 474.79 Annualized PLF % 29.52 31.39 22.33 26.10 Average Gross Realisation (before charges and without REC) Rs./ Unit 5.34 5.08 5.3
Slide 11: Capacity Expansion
Capacity Expansion Wind States Capacity (Mw) Remarks Andhra Pradesh 43.5 Project just commenced Madhya Pradesh 14.0 Planned TOTAL 57.5 Plans and dates are merely indicative based on current assumptions and projections and are subject to change 11
Slide 12: Biomass Operations
Biomass Operations Y 7. D) ( r=, NZ
Slide 13: Existing Biomass Operations
Existing Biomass Operations Unit of Particulars Q2 FY16 Q2 FY15 H1 FY16 H1 FY15 Measurement Capacity (operational during the year) Mw 106 86 106 86 Units Exported Mn 131 39.65 618.0 108.27 PLF % 6.28 23.96 14.99 32.39 Average Realisation Rs./ Unit 6.15 7.13 6.44 6.78 Specific Fuel Consumption per un
Slide 14: Existing Projects – Biomass power plants
Existing Projects – Biomass power plants Name Capacity Location Fuel Sale Model Blended Gross tariff (Rs./ KwH) Q2 Q1 Q4 Q3 Q2 FY16 FY16 FY15 FY15 FY15 Chippabarod 8 Rajasthan Mustard Husk Grid 100% --- 5.56 5.56 5.57 5.64 Kishanganj 8 Rajasthan Mustard Husk Grid 100% 6.81 6.52 6.52 6.52 6.54 Madhya
Slide 15: Capacity Expansion Trend
Capacity Expansion Trend Total Capacity BUSINESS 2010-11 2011-12 2012-13 2013-14 2014-15 Planned (including planned) WIND 179.5 317.1 339.0 421.7 427.5 57.5 485.0 BIOMASS 40.5 60.5 60.5 86.0 106.0 0 106.0 TOTAL 220.0 377.6 399.5 507.7 533.0 57.5 591.0 15
Slide 16: Regulatory Environment & Outlook
Regulatory Environment & Outlook
Slide 17: Wind Business Outlook
Wind Business Outlook Grid availability in TN was better in Q 2 FY 16 at 86.2% against 78.8% in the corresponding quarter. However due to low wind overall generation was lower than the corresponding quarter. Initiated forecasting exercise on trial for the state as a whole in phased manner. Gri
Slide 18: Biomass Business Outlook
Biomass Business Outlook Recent orders on Tariff by CERC for biomass power plants are more future oriented with annual reset prescribed on fuel cost( 5.90 v/s 5.57 for Chippabarod, 6.78 v/s 6.52 for Kishanganj and 6.27 in Hanumangarh) Increase in tariff levels for approved by Rajasthan ERC would
Slide 19: Leading Diversified Renewable Energy Generation Company
Leading Diversified Renewable Energy Generation Company
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