Indian Energy Exchange Ltd. · NSE:IEX

Indian Energy Exchange — Q3 FY18 Earnings Presentation

17 slides from Indian Energy Exchange's earnings presentation, Feb 2, 2018

  1. Slide 1: Investors Presentation & Press Release for Financial Results Q3 FY18

    QIEX Dated: February 02, 2018 The Manager The Manager BSE Limited National Stock Exchange of India Ltd Corporate Relationship Department Listing Department Phiroze Jeejeebhoy Towers Exchange Plaza, 5 Floor, Plot no C/1 Dalal Street G Block, Bandra Kurla Complex Mumbai- 400001 Bandra (E), Mumbai-400

  2. Slide 2: Earnings Release for the Quarter Ended December 31, 2017

    Earnings Release for the Quarter Ended December 31, 2017

  3. Slide 3: Disclaimer

    Disclaimer Certain statements in this presentation describing the Company's objectives, projections, estimates and expectations may be 'forward looking statements' within the meaning of applicable laws and regulations. Although our expectations are based on reasonable assumptions, these forward-look

  4. Slide 4: IEX: India's leading Power Exchange

    IEX: India’s leading Power Exchange  India’s First & Largest Power Exchange. Dominant market share of 94% of traded volumes in DAM, TAM and  REC segment. Efficient price discovery through transparent and automated online  platform.  Diverse participants base of more than 6000 registered particip

  5. Slide 5: Key Highlights for the Quarter

    Key Highlights for the Quarter Total Sales volume up by 62% IEX started trading in Energy Saving Certificates from September 2017. Total registered participants reached 6,130 from 5,807 (Up by 6 %) (Apr-Dec) IEX witnessed highest volume in RECs 32.39 Lacs certificates on Dec 27, 2017 and ESCerts 4.5

  6. Slide 6: Industry Highlights

    Industry Highlights The total generation (excluding renewable generation) in the country increased by 3.5% (from 931 BUs to 964 BUs) over last year (Apr-Dec). The total generation in the country grew at 4.3% for FY’18 vs FY’17 where as short term market grew by 4.8% (April to Oct) With the commissio

  7. Slide 7: Robust Volume Growth (Million Units)

    Robust Volume Growth (Million Units) Quarterly 9 Months 62% 9% 32% 17,921 43,094 32,723 11,072 Q3FY17 Q3FY18 9MFY17 9MFY18 6

  8. Slide 8: Quarterly Product Wise Volume Growth (Million Units)

    Quarterly Product Wise Volume Growth (Million Units) Day-Ahead Market Term-Ahead Market 6% 95% 664 10,711 10,093 376 Q3FY17 Q3FY18 Q3FY17 Q3FY18 Renewable Energy Certificates Energy Saving Certificates 806% 1,075 5,471 603 - Q3FY17 Q3FY18 Q3FY17 Q3FY18 7

  9. Slide 9: 9M Product Wise Volume Growth (Million Units)

    9M Product Wise Volume Growth (Million Units) Day-Ahead Market Term-Ahead Market 13% 79% 34,187 30,262 1,144 677 9MFY17 9MFY18 9MFY17 9MFY18 Renewable Energy Certificates Energy Saving Certificates 274% 6,677 1,086 1,784 - 9MFY17 9MFY18 9MFY17 9MFY18 8

  10. Slide 10: Day Ahead Market Volume trend (MU)

    Day Ahead Market Volume trend (MU) 8,000 4.09 4.08 4.50 7,000 4.00 3.55 6,000 3.13 3.50 2.92 3.00 2.77 3.00 5,000 2.59 2.49 2.50 4,000 2.00 3,000 1.50 2,000 1.00 1,000 0.50 - 0.00 Apr May Jun Jul Aug Sep Oct Nov Dec Purchase Bid (MU) Sell Bid (MU) Final Scheduled Volume (MU) MCP (Rs/kWh) 9

  11. Slide 11: Improved Average Realization

    Improved Average Realization Average Market Clearing Price (Rs./kWh) 4.09 4.08 3.55 3.13 3.00 2.92 3.68 2.77 2.49 2.59 2.67 2.68 3.03 2.56 2.91 2.82 2.74 2.62 2.56 2.43 2.46 2.32 2.32 2.32 2.31 2.16 2.17 Apr May Jun Jul Aug Sep Oct Nov Dec FY15-16 FY16-17 FY17-18 10

  12. Slide 12: Led by Conducive Business Environment

    Led by Conducive Business Environment 45,000 18% 16% 40,000 16% 41,310 39,783 35,000 14% 36,210 10% 34,436 34,266 34,230 33,957 30,000 12% 31,227 28,923 28,125 25,000 10% 20,000 8% 6% 15,000 6% 4% 10,000 4% 5,000 0.5% 2% - 0% FY13-14 FY14-15 FY15-16 FY 16-17 FY 17-18 (9M) Market Clearing Volume (MU)

  13. Slide 13: Power Exchanges Increased Market share in Short Term Market

    Power Exchanges Increased Market share in Short Term Market Volume (Million Units) 18% 4% 28,203 24,174 23,933 23,165 16% -30% 15,759 13,154 13,579 9,216 Direct Trader Power Exchanges DSM April-Oct FY17 April-Oct FY18 Growth Short term market volume in the country increased by 4.8% from 73.83 billio

  14. Slide 14: Financial Highlights - Quarterly

    Financial Highlights - Quarterly (Rs. In Lacs) Particulars Q3FY17 Q2FY18 Q3FY18 YoY QoQ Sales Volume (MU) 11,072 12,831 17,921 62% 40% Revenue 4,985 5,582 6,475 30% 16% EBITDA 3,723 4,654 5,253 41% 13% EBITDA Margin (%) 75% 83% 81% 644bps (225)bps Other Income 805 527 546 (32)% 4% PBT 4,434 4,886 5,

  15. Slide 15: Financial Highlights – 9 Months

    Financial Highlights – 9 Months (Rs. In Lacs) Particulars 9MFY17 9MFY18 YoY Sales Volume (MU) 32,723 43,094 32% Revenue 14,766 17,526 19% EBITDA 10,828 14,133 31% EBITDA Margin (%) 73% 81% 731 bps Other Income 2,653 1,795 (32)% PBT 13,201 15,176 15% Tax 4,548 5,152 13% PAT 8,653 10,024 16% Cash Prof

  16. Slide 16: Improved Transaction income

    Revenue Breakup analysis Quarterly 8% 14% 9% 12% Q3FY17 Q3FY18 Improved Transaction income 74% 83% Transaction Fees Admission & Annual Fees Other Income Transaction Fees Admission & Annual Fees Other Income 9 Months 9% 15% 10% 11% 9M FY18 9M FY17 74% 81% Transaction Fees Admission & Annual Fees Othe

  17. Slide 17: Detailed Financial – Quarterly

    Detailed Financial – Quarterly Quarter Ended Particulars (rs. In Lacs) Dec'17 Dec'16 % Change Revenue Revenue from operations 6,475 4,985 30 Other Income 546 805 (32) Total Revenue 7,021 5,790 21 Expenses Employee benefits 746 395 89 Technology Expenses 59 572 (90) Finance Costs 7 8 (5) Depreciation

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