Orient Green Power Company Ltd · NSE:GREENPOWER
Orient Green Power — Q3 FY2017 Earnings Presentation
21 slides from Orient Green Power's earnings presentation, Dec 31, 2016
Slide 1: Leading Diversified Renewable Energy Generation Company
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: Index
Index Key Developments Financial Highlights Operational Outlook & Highlights 4 ` Regulatory Demerger of Overview Biomass business 6 Appendix 10 13 18 20 3
Slide 4: Key Developments
Key Developments
Slide 5: Key Developments
Key Developments OGPL & IL&FS to evaluate merging of Wind Businesses – Joint capacity of 1.2Gw : On Jan 19th OGPL’s Board approved entering into an exclusive discussion with IL&FS Wind to evaluate a potential merger of the Wind energy generation businesses of both entities; both companies have ent
Slide 6: Financial Highlights
Financial Highlights
Slide 7: Improved Financial Performance
Improved Financial Performance In Rs. Mn Wind Biomass TOTAL Q3FY17 Q3FY16 % Q3FY17 Q3FY16 % Q3FY17 Q3FY16 % REVENUES 577.5 295.6 95% 208.4 241.2 (14)% 785.9 536.8 46% EBITDA 370.3 61.2 505% 34.9 (21.5) (262)% 405.2 39.7 921% EBITDA% 64% 21% 17% (9)% 51% 7% EBIT 44.4 (287.1) (115)% (44.0) (119.3) (63
Slide 8: Improved Financial Performance
Improved Financial Performance In Rs. Mn Wind Biomass TOTAL 9MFY17 9MFY16 % 9MFY17 9MFY16 % 9MFY17 9MFY16 % REVENUES 3269.4 2591.5 26% 586.4 682.9 (14)% 3855.8 3274.4 18% EBITDA 2643.2 1931.8 37% 70.9 (69.0) (203)% 2714.1 1862.8 46% EBITDA% 81% 75% 12% (10)% 70% 57% EBIT 1642.9 903.4 82% (173.6) (36
Slide 9: Key Financial Highlights – 9M FY17
Key Financial Highlights – 9M FY17 Wind Business: Revenue for 9M FY17 grew by 26.1 % to Rs. 3269.4 mn compared to Rs. 2591.6 mn; EBITDA improved to Rs.2643.2 mn from Rs.1931.8 mn during the corresponding period last year. Strong performance by Wind business was due to: – Best grid availability i
Slide 10: Operational Highlights
ar Operational Highlights
Slide 11: Wind Operations
Wind Operations Unit of Particulars Q3FY17 Q3FY16 9M FY17 9M FY16 Measurement Capacity (incl. overseas capacity) Mw 414 417 414 417 Units Generated (Gross) Mn 93 55 614 464 Annualized PLF % 10 6 23 17 Average Gross Realisation (before charges and Rs./ Unit 5.54 5.79 4.95 5.48 without REC) State Capa
Slide 12: Biomass Operations
Biomass Operations Unit of Q3 Q3 9M 9M Particulars Measurement FY17 FY16 FY17 FY16 Capacity (operational Mw 48 68 55 91 during the year) Units Exported Mn 22.9 32.9 67.4 947.7 PLF % 13.25 11.2 11.8 15.3 Average Realisation Rs./ Unit 6.09 6.31 6.21 6.39 Specific Fuel Consumption Kg/ Unit 2.30 2.73 1.
Slide 13: Outlook & Regulatory Overview
Outlook & Regulatory Overview
Slide 14: Outlook - Wind
Outlook - Wind The improved grid availability has transformed the operating profile of the wind business, as anticipated. Forecasting of wind and reinforcing of grid capacity have greatly reduced losses due to grid evacuation issues. The Company can now look forward to consistent generation of
Slide 15: Outlook - Biomass
Outlook - Biomass Focused on monetizing stake in Strategy on exiting economically strained units and utilizing the proceeds from such exits towards enhancing profit making ones. Have already entered into contracts for monetizing two of our units – Executed Securities Purchase Agreement (SPA) with
Slide 16: Renewable Energy Certificates
Renewable Energy Certificates Overall trading volume in 9MFY17 was 9.55% higher than that 9MFY16 for non solar, primarily on the back of stricter implementation of RPO by various states OGPL sold 37,910 RECs sold during the quarter resulting in realization of Rs. 56.9 million OGPL’s share in t
Slide 17: Update on Demerger of Biomass business
Update on Demerger of Biomass business
Slide 18: Demerger Update
Demerger Update • Demerger process remains on track • Duplication of work following replacement of Company Law Board by National company Law Tribunal leading to more than anticipated time for completion Activity Timelines Status Announcement of Demerger June 10, 2015 Filing with Stock Exchanges /
Slide 19: Appendix: Financial Statements
Appendix: Financial Statements
Slide 20: Financial Performance – 9MFY17 (Consolidated – IND-AS)
Financial Performance – 9MFY17 (Consolidated – IND-AS) Rs. Million 9M FY17 9M FY16 Y-o-Y Sale of Power 3345.43 2818.78 18.6% Other Operating Income 387.03 356.18 8.6% Total Income 3732.46 3174.96 17.5% Expenditure Cost of biomass fuel 273.02 407.24 (32.9)% O&M and other costs 868.75 1004.35 (13.5)%
Slide 21: For further information please contact
For further information please contact Mr. K.V. Kasturi Orient Green Power Company Limited Tel: +91 44 4901 5678 Email: kasturi.kv@orientgreenpower.com Mayank Vaswani / Suraj Digawalekar CDR India Tel: +91 22 6645 1230 / 1235 Email: mayank@cdr-india.com suraj@cdr-india.com
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