Tata Power Company Limited · NSE:TATAPOWER
Tata Power — The Tata Power Company — Investor Presentation (September 2012)
25 slides from Tata Power's investor presentation, September 2012
Slide 1: The Tata Power Company Ltd. September 2012
Presentation Title (Company The Tata Power Arial, Font sizeLtd. 28 ) Date, Venue, etc September ..( Arial, Font size 18 ) 2012 …Message Box ( Arial, Font size 18 Bold)
Slide 2: Disclaimer
Disclaimer •Certain statements made in this presentation may not be based on historical information or facts and may be “forward looking statements”, including those relating to The Tata Power Company Limited’s general business plans and strategy, its future outlook and growth prospects, and future
Slide 3: A Tata Group Company
A Tata Group Company Promoter Revenue by business segments Listed Companies Mkt Cap ($ bn)2 Shareholding (%)1 Tata Consultancy Services 46.8 74.0 Tata Motors 14.1 34.8 3% 4% 4% 16% Tata Steel 7.0 31.4 Tata Power 4.3 31.8 Revenue Titan 3.6 53.1 FY 2011 31.1 32% c.INR 3,808bn Tata Chemicals 1.4 Tata G
Slide 4: Tata Power: Business Overview
Tata Power: Business Overview • Trombay • Hydro • Jojobera • Belgaum • Haldia • Wind Farm s Power Generation • Solar SPV Business • CGPL (Mundra UMPP) 100% • Maithon 74% • IEL 74% • Dagachhu 26% • OTP Geothermal 50% Transmission • Mumbai • Powerlinks 51% Distribution • Mumbai • Delhi: NDPL 51% Inves
Slide 5: Our Power Business
Our Power Business Power generation capacity (MW) Installed Thermal 5247 MW Hydro 447 MW Wind 377 MW Dugar Hydro Solar 28 MW Transmission Powerlinks Distribution NDPL DHPC Bhutan Under Execution Thermal 2400 MW Hydro 126 MW IEL Jojobera Solar 10 MW Gujarat Maithon Coal mines 13.5 MT Tubed Mundra Hal
Slide 6: Existing Generation Assets and Growth Plans
Existing Generation Assets and Growth Plans ~17000 MW 6099 MW ~8530 MW Unit 4 150 Projects in advanced Unit 5 500 stages of development Unit 6 500 Mulshi 10 Unit 7 180 Tata Motors Projects Thermal 7450 Unit 8 250 Rooftop 0.5 under Renewables 1000 30000 Bhivpuri 75 Mundra 2400 scanning- 25000 MW Bhir
Slide 7: Existing Generation Assets - Business Models
Existing Generation Assets - Business Models Capacity % of overall Model (MW) capacity Returns Upside Tata Power projects Off-take counterparty BEST (1,000MW), Mumbai Operations TPTCL (400MW), Tata Fixed return Savings on Norms + Regulated returns 3185 52% (Thermal & Hydro), Power Distribution on eq
Slide 8: Projects Under Execution
Projects Under Execution Project Capacity Fuel Fuel Supply Agreement Power off-take % completion COD (MW) (FSA) Mundra 4,000 Imported Offtake agreement with PPAs have been signed for ~93% Unit 1 & Unit 2 Coal Indocoal for 10.11MTPA 3,800 MW operational (± 20%) All units by 2013 Maithon 1,050 Coal •D
Slide 9: Mundra UMPP (4000 MW)
Mundra UMPP (4000 MW) Capacity 4000 MW (5 X 800 MW) Customers Gujarat (1805 MW), Maharashtra (760 MW), Punjab (475 MW), Haryana (380 MW), Rajasthan (380 MW) Fuel Imported Coal – 10-12 MTPA Requirement & Offtake agreement with Indocoal for 10.11 ± 20% Source Looking for additional mines in
Slide 10: Maithon Power Limited (1050MW)
Maithon Power Limited (1050MW) Status Project commissioned. Project 98% complete on an overall basis Capacity 1050 MW (2 X 525 MW) Customers DVC (300 MW), NDPL (300 MW), WBSEB (150 MW), 300 MW under negotiation Long term (30 yr) PPAs commence on CoD for DVC & 1st April 2012 for NDPL and WBSE
Slide 11: Renewable Projects Under Execution
Renewable Projects Under Execution 2 x 63 MW run of the river Hydro project with Tata Power holding 26% and Royal Govt. of Bhutan holding 74% Project cost-USD 200 million with debt equity of 60: 40; debt tied up with ADB and others Dagacchu 126 MW PPA signed with Tata Power Trading Hydro proje
Slide 12: Projects Under Development
Projects Under Development Capacity Project Fuel Source (MW) Status Execution schedule Kalinganagar Gas based : Production gases 650 MOU finalised, Environment Clearance for the gas based Gas based – All 3 units by supplied by Tata Steel Coal plant obtained by Tata Steel along with their 6 MTPA Stee
Slide 13: Strategic Investment in Coal
Strategic Investment in Coal Operating 30% stake in Indonesian coal mines – KPC and Arutmin Q1CY12 CY11 CY 10 CY 09 Performance Total estimated coal production to reach 100 mm tonnes by FY14 Quantity mined ~16 ~66 ~60 ~63 (MT) Overall rights adequately protected through the Shareholders’ Average
Slide 14: Long term fuel contracts
Long term fuel contracts Project Fuel requirement Source of fuel Contract details Term c.3 MTPA of coal Purchase agreements PT Adaro: 1.00 MTPA (+/- 5yrs 0.25MTPA) PT Adaro: 1.00 MTPA (+/- 10yrs 0.2MTPA) Trombay Samtan: 0.65 MTPA (+/- 10%) Till FY14 Oil From nearby refineries, delivered by pipeline
Slide 15: Transmission and Distribution
Transmission and Distribution Transmission – Mumbai Powerlinks Transmissions Limited JV between Tata Power (51%) and Power Grid Corporation of TRANSMISSION Tata Power is amongst the 3 transmission licensees India Ltd. (49%) that bring power into Mumbai India’s first private sector inter-state
Slide 16: Other Businesses
Other Businesses 100% subsidiary TPTCL, holds a trading license for a period of 25 years starting from 2004 Tata Power Trading Holds a Category 1 trading license, the highest grade of license, which permits the company to trade any amount of power Trust Energy Resources Pte Ltd incorporated in
Slide 17: Appendix: Detailed Financial Statements
Appendix: Detailed Financial Statements …Message Box ( Arial, Font size 18 Bold)
Slide 18: Q1FY13 Results - Standalone
Q1FY13 Results - Standalone Quarter ended Year ended Particulars 30-Jun-12 31-Mar-12 30-Jun-11 31-Mar-12 (A) MUs MUs MUs MUs 1. Generation 4,259 3,599 3,889 15,230 2. Sales 4,227 3,593 3,932 15,240 (B) ` Crore ` Crore ` Crore ` Crore 1. Income from operations a) Revenue from power supply and transmi
Slide 19: Q1FY13 Results – Consolidated
Q1FY13 Results – Consolidated (Ltd. Review) Quarter ended Year ended Particulars 30-Jun-12 31-Mar-12 30-Jun-11 31-Mar-12 (Audited) ` Cr o r e ` Cr o r e ` Cr o r e ` Cr o r e 1. Income from operations a) Revenue 6,714.12 6,482.98 5,373.40 23,349.81 Add : Income to be recovered in future tariff deter
Slide 20: Robust Financials (Standalone)
Robust Financials (Standalone) All figures in INR Revenues Profit After Tax billion 95 11.7 79 74 74 9.2 9.4 9.4 8.7 64 FY08 FY09 FY10 9M FY11 FY12 FY08 FY09 FY10 FY11 FY12 Networth Earnings per share 45.3 107.63 44 99.99 100.39 81.10 75.19 41 41 39 FY08 FY09 FY10 FY11 FY12 FY08 FY09 FY10 FY11 FY12
Slide 21: Robust Financials (Consolidated)
Robust Financials (Consolidated) All figures in INR Revenues EBITDA and EBITDA margin billion 300 60 25.00% 263 19.68% 23.14% 50 19.60% 250 50 46 17.56% 20.00% 196 199 18.86% 39 200 186 40 36 15.00% 150 121 30 21 10.00% 100 20 50 10 5.00% - 0 0.00% FY08 FY09 FY10 FY11 FY12 FY08 FY09 FY10 FY11 FY12 E
Slide 22: Robust Financials (Consolidated)
Robust Financials (Consolidated) All figures in INR Net Debt/Equity billion 500.0 Profit After Tax 2.6 21.4 21.8 450.0 1.7 400.0 350.0 13.0 1.4 11.8 300.0 1.5 316.2 250.0 1.1 Net Debt 225.6 200.0 Equity 161.4 150.0 129.7 FY08 FY09 FY10 FY11 FY12 85.5 100.0 114.0 131.0 118.7 50.0 76.5 86.2 -9.7 0.0 F
Slide 23: Standalone Financial Statements
Standalone Financial Statements INR mm FY08 FY09 FY10 FY11 FY12 INR mm FY08 FY09 FY10 FY11 FY12 Income Statement Balance Sheet Revenue Power supply and transmission 57,973 70,715 68,935 65,994 80,515 Net worth 75,192 81,099 99,9881,07,626 1,00,387 Contracts 737 1,217 1,461 1,747 3,562 Minority inter
Slide 24: Consolidated Financial Statements
Consolidated Financial Statements INR mm FY08 FY09 FY10 FY11 FY12 INR mm FY08 FY09 FY10 FY11 FY12 Income Statement Revenue Balance Sheet Net worth 76,530 86,189 114,004 131,036 118,665 Power supply and transmission 74,051 1,17,924 1,23,653 1,20,849 1,60,548 Electronics 2,567 2,415 2,926 2,050 3,379
Slide 25: Sustainability Initiatives
Sustainability Initiatives Care for environment Care for community Care for customers Care for people Growth through renewables, Principles of community Energy clubs Safety and health clean / green energy engagement Customer care centers Organizational Efficient technologies, Program
The Tata Power Company — Investor Presentation (September 2012) on 6ix