Power Grid Corporation Of India Limited · NSE:POWERGRID
Power Grid Corporation Of India — H1 FY2024 Earnings Presentation
25 slides from Power Grid Corporation Of India's earnings presentation, Nov 9, 2023
Slide 1: Cover letter to stock exchanges
09th November, 2023 To To The General Manager (Listing), The General Manager (Listing), National Stock Exchange of India Limited BSE Limited, Exchange Plaza, C 1/G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Mumbai. Bandra (East), Mumbai. Reference: NSE-SCRIP ID: POWERGRID;
Slide 2: Investor Presentation
Transmitting Power Investor for Presentation Progress and Prosperity 09/11/2023
Slide 3: Disclaimer
Disclaimer By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell any secur
Slide 4: Performance Highlights
Performance Highlights POWERGRID Overview Major Highlights Performance Highlights Growth Outlook Awards 3
Slide 5: POWERGRID Overview
POWERGRID Overview A “Maharatna’ CPSE 39 Credit Rating Subsidiaries 3rd Largest CPSE International Gross Block1 11 (At par with Sovereign) Joint Ventures2 Pan India Standard & Poor’s: BBB- Transmission Network 04 Fitch: BBB - Associates Moody’s: Baa3 4,000 MW Cross Border Domestic Interconnection wi
Slide 6: POWERGRID Overview: Transmission Assets
POWERGRID Overview Transmission Assets 1,76,180 ckm 275 97,280 MW > 99% 1,478 nos 5,12,600 MVA 85% of India’s System Transmission Lines Sub-Stations IR capacity Availability Transmitting 45% of India’s Power 18 62 164 20 62 >2,90,000 >3,600 HVDC 765kV 400kV SVC/ GIS Transmission Transformers substat
Slide 7: Major Highlights
Major Highlights Declared successful bidder and LoI received for two ISTS TBCB projects in Q2FY24 Annual Tariff ₹ 361.79 crore NCT Cost : ₹ 3,070 crore “Transmission system for evacuation of power “Transmission system for evacuation of power from from REZ in Rajasthan (20 GW) under Phase-III REZ
Slide 8: Major Highlights: Green Energy Corridor Phase II
Major Highlights Cabinet approves* Green Energy Corridor (GEC) Ph-II – ISTS 13GW RE Project in Ladakh Evacuation capacity: 5 GW through ± 350 kV state- of-the art VSC HVDC transmission system between Pang & Kaithal. Timeline: FY 2029-30 Total Estimated cost: ₹ 20,773.70 crore CFA : 40% of ap
Slide 9: Project Execution
Project Execution Financial Performance – Q1FY21 Added Successfully Commissioned 3,100 MVA POWERGRID Bikaner Transmission System Ltd Transformation capacity succesfully commissioned. +/- 600 MVAR STATCOM at Bhadla-II Sub-station 01 No +/- 300 MVAR STATCOM at Bikaner-II PS Sub-station Sub-station 06
Slide 10: Project Execution: Capex and Capitalisation
Project Execution Financial Performance – Q1FY21 Capex Capitalisation 4,246 3,997 2,517 1,506 2,740 1,615 2,381 1,573 1,725 944 652 1,073 Q1FY24 Q2FY24 H1FY24 Q1FY24 Q2FY24 H1FY24 Standalone Consolidated Standalone Consolidated (₹ in crore) * Exclusive of FERV 9 * Includes assets capitalised as Fina
Slide 11: Operational Performance-H1FY24
Operational Performance-H1FY24 Financial Performance – Q1FY21 99.85% 99.82% 0.20 0.16 Availability Tripping per line H1FY23 H1FY24 H1FY23 H1FY24 10
Slide 12: Financial Performance-Q2FY24
Financial Performance-Q2FY24 Standalone Consolidated 11,206 11,349 11,530 11,004 3,651 3,834 3,650 3,781 Income PAT* Income PAT Q2FY23 Q2FY24 Q2FY23 Q2FY24 (₹ in crore) *PAT including discontinued operations 11
Slide 13: Financial Performance-H1FY24
Financial Performance-H1FY24 Standalone Consolidated 22,518 22,788 21,849 22,094 7,417 7,377 7,452 7,379 Income PAT* Income PAT H1FY23 H1FY24 H1FY23 H1FY24 (₹ in crore) *PAT including discontinued operations 12
Slide 14: Financial Performance (Standalone)
Financial Performance – Q1FY21 Financial Performance Growth Growth Description Q2FY24 Q2FY23 H1FY24 H1FY23 (%) (%) Income S - Transmission Charges 10,288 10,335 - 20,412 20,383 - T - Consultancy Services 131 133 (2) 252 366 (31) A - Other Income 787 536 47 1430 1100 30 Total Income 11,206 11,004 2 2
Slide 15: Financial Performance (Consolidated)
Financial Performance – Q1FY21 Financial Performance Growth Growth Description Q2FY24 Q2FY23 H1FY24 H1FY23 C (%) (%) Income O - Transmission Charges 10,911 10,846 1 21,667 21,375 1 N - Consultancy Services 154 117 32 255 328 (22) S - Telecom 202 187 8 393 353 11 - Other Income 263 199 32 473 462 2 O
Slide 16: Financial Performance: Key Financial Highlights
Financial Highlights –Q1FY21 (Standalone) Financial Performance (₹ in crore, unless stated otherwise) Description Standalone Consolidated As on 30.09.23 As on 30.09.22 As on 30.09.23 As on 30.09.22 Gross Fixed Assets (₹ crore) 2,57,664 2,53,047 2,73,276 2,67,256 Capital Work-in-Progress (₹ crore) 8,
Slide 17: Other Key Financial Information
Other Key Financial Information Description Q2FY24 Q2FY23 Income for previous periods (Consol.) 231 417 Int. on differential tariff 12 150 Int. from Subsidiaries & JVs* 351 270 Surcharge (Consol.) (7) 15 Average Cost of Incentive (Consol.) 139 129 Borrowing* Dividend from JVs* 23 27 7.67% in H1FY24
Slide 18: Telecom Performance
Telecom Performance Telecom business transferred to POWERGRID Teleservices Limited (PowerTel) w.e.f 01.10.2023 ₹ 202 crore Business Segments Income* • Leased Lines 36 • MPLS-VPN New Customers added • Data services • Infrastructure services ₹ 350.97 crore Multiple year orders received Upcoming Servic
Slide 19: Consultancy Performance
Consultancy Performance Consultancy services to Domestic and International clients. ₹ 155 crore Delivering Smart Solutions to both Domestic and Income International clients 02 • State owned utilities, Private utilities, Central Public Sector New International assignments Undertakings, Government dep
Slide 20: Commercial Performance
Commercial Performance (Apr’20-Sept’20) Commercial Performance Outstanding dues (at end of Qtr) Billing & Realization (in ₹ crore) ₹ 23,770 cr Billing 1,909 2,228 1,665 ₹ 21,958 cr 51.06* 38.25* 1,855 Realization 43.32* 24.49* 4,868 4,912 4,968 92.37% 2,966 %age Realization Q2FY23 Q4FY23 Q1FY24 Q2FY
Slide 21: Work in Hand
Work in Hand Leading Energy Transition for a Sustainable Future Work in Hand# : ~ ₹ 50,500 crore ~ 70% towards Renewable Energy evacuation ₹ 9,700 crore ₹ 24,300 crore ₹ 16,500 crore Ongoing RTM Projects New RTM Projects Other* Projects FY24 Capex Plan ~₹ 5,000 crore ₹ 3,800 crore RTM Others* ₹ 8,80
Slide 22: Business Outlook 2032
Business Outlook 2032 Business segment Subhead Estimated Capex Transmission Business Inter State ₹1,16,500 crore Intra State ₹37,000 crore Cross Border ₹10,000 crore International projects ₹7,500 crore Subtotal Transmission ₹1,71,000 crore Other Business Solar generation ₹1,000 crore Smart Metering
Slide 23: Sustainability Aspirations
Sustainability Aspirations …towards a Greener Tomorrow 50% Net Water Electricity Positive consumption from organization renewable sources by by 2025 2030 Zero Waste to Net Zero Landfill status by 2047 by 2030 22
Slide 24: Awards & Accolades
Awards & Accolades “Certificate of Excellence in Learning and Development” at SHRM HR Excellence Awards. Conferred “Dun & Bradstreet PSU Award 2023” in Power Transmission (Central PSUs) Category. “Brandon Hall Group Excellence Award 2023” in learning & development area under the category of Best Adv
Slide 25: Thank You
Thank You www.powergrid.in 24
Power Grid Corporation of India — H1 FY2024 Earnings Presentation on 6ix