Torrent Power Limited · NSE:TORNTPOWER
Torrent Power — Q1 FY2020-21 Earnings Presentation
21 slides from Torrent Power's earnings presentation, Aug 6, 2020
Slide 1: Investor Presentation Q1 2020-21
INVESTOR PRESENTATION Q1 2020-21
Slide 2: Disclaimer
Disclaimer This information may contain certain forward-looking statements/details in the current scenario, which is extremely dynamic and increasingly fraught with risks and uncertainties. Actual results, performances, achievements or sequence of events may be materially different from the views ex
Slide 3: Presentation Outline
Presentation Outline Sr. No. Particulars 1. Torrent Group 2. Torrent Power Limited 3. Overview of Operations : Q1 2020-21 4. Investment Rationale 5. Five Year Trend : Key Financial & Technical Statistics
Slide 4: Torrent Group
1. Torrent Group TORRENT PHARMACEUTICALS LIMITED • A generics pharmaceutical major with strong global footprint • Ranked in top 10 in Indian pharma market with leading position in niche therapeutic areas • Ranked No. 1 among Indian Pharma companies in Brazil, Germany & Philippines TORRENT POWER LIMI
Slide 5: Torrent Group (Contd…)
Torrent Group (Contd…) Turnover $ 2862 Mn Market Cap $ 7340 Mn Enterprise Value $ 9276 Mn Employees 21950+ Spreading smiles Illuminating Lives Not just healthcare… Lifecare Generating Trust. Distributing Opportunities. Building pan-India state-of-art Turnover: $ 1053 Mn Turnover: $ 1809 Mn city gas
Slide 6: Torrent Power Limited
2. Torrent Power Limited Spreading smiles Illuminating Lives Thermal Solar Wind Transmission Distribution - 2730 MW state- - 138 MW oper- - 649 MW oper- - 355 kms 400 kV - Licensed of-art gas based ational - 138 capacity MW of ational - 430 capacity MW of & 128 Kms of distribution areas operational
Slide 7: Portfolio of Assets: Thermal Generation
Torrent Power Limited (Contd…) PORTFOLIO OF ASSETS : THERMAL GENERATION 1147.5 MW 382.5 MW 1200 MW 362 MW (3 x 382.5) (1 x 382.5) (3 x 400) (1 x 120 MW, 2 x 121 MW) Gas-based CCPP Gas-based CCPP Gas-based CCPP Coal Based Near Surat, Gujarat Near Surat, Gujarat Near Bharuch, Gujarat Ahmedabad, Gujara
Slide 8: Portfolio of Assets: Renewable Generation
Torrent Power Limited (Contd…) PORTFOLIO OF ASSETS : RENEWABLE GENERATION 51 87 49.6 201.6 50.9 50.4 120 126 50 Adjacent Gulbarga & Patan in to SUGEN Jamnagar Kutch in Rajkot in Bhavnagar Osmanabad Kutch, Raichur in Gujarat Plant, in Gujarat Gujarat Gujarat in Gujarat Maharashtra Gujarat Karnataka G
Slide 9: Portfolio of Assets: Licensed Distribution
Torrent Power Limited (Contd…) PORTFOLIO OF ASSETS : LICENSED DISTRIBUTION Ahmedabad/ Particulars Surat Dahej Dholera SIR Gandhinagar Licensed Area ~ 356 sq. km. ~ 52 sq. km. ~ 17 sq. km. ~ 920 sq. km. Peak Demand 2,018 MW 695 MW 72 MW - License validity Till 2025 Till 2028 Till 2034 Till 2044 T&D
Slide 10: Portfolio of Assets: Franchised Distribution
Torrent Power Limited (Contd…) PORTFOLIO OF ASSETS : FRANCHISED DISTRIBUTION Shil, Mumbra, Kalwa Particulars Bhiwandi Agra (SMK) Licensed Area ~ 721 sq. km. ~ 221 sq. km. ~65 sq. Km. Peak Demand 580 MVA 473 MVA - License validity 25th Jan 2027 31st March 2030 29th Feb 2040 Country's first unique P
Slide 11: Overview of Operations – Q1 2020-21: Consolidated Income Statement
3. Overview of Operations – Q1 2020-21 CONSOLIDATED INCOME STATEMENT Q1 20-21 Q1 19-20 FY 19-20 Particulars (Rs. Cr.) Growth % Unaudited Unaudited Audited Revenue from Operations 3,007 3,736 -20% 13,641 Power Purchase Cost 1,605 2,433 7,960 Material Cost & Change in Inventory 27 99 306 Contribution
Slide 12: Overview of Operations – Q1 2020-21 (Contd…)
Overview of Operations – Q1 2020-21 (Contd…) The major drivers of increase in the reported Total Comprehensive Income for the quarter are: Favourable order from the Appellate Tribunal for Electricity in respect of disputed carrying cost recovery pertaining to an earlier years; Increase in contri
Slide 13: Q1 Thermal PLF / Net Generation
Overview of Operations – Q1 2020-21 (Contd…) Q1 Thermal PLF (%)/ Net Generation (MUs) 93.7% 73.1% 64.2% 44.8% 47.3% 42.3% 41.5% 41.2% 678 36.5% MUs 1782 MUs 1565 28.9% 2597 3064 MUs 343 MUs MUs MUs 297 2386 16.9% 2715 MUs 10.2% 736 MUs MUs MUs 261 117 MUs MUs SUGEN UNOSUGEN DGEN GAS PLANTS AMGEN THE
Slide 14: Q1 Renewable PLF / MUs Dispatched
Overview of Operations – Q1 2020-21 (Contd…) Q1 Renewable PLF (%)/ MUs Dispatched 36.7% 29.3% 19.8% 20.0% 264 MUs 322 MUs 413 MUs 60 60 MUs MUs 473 MW 649 MW 138 MW WIND SOLAR Q1 2019-20 Q1 2020-21
Slide 15: Q1 USO/Purchase and T&D Loss
Overview of Operations – Q1 2020-21 (Contd…) Q1 USO/Purchase (MUs) 2,584 1,784 959 929 464 435 666 504 A'bad Surat Bhiwandi Agra Q1 2019-20 Q1 2020-21 T&D Loss (%) T&D Loss (%) 15.42% 11.62% 24.53% 22.75% 14.32% 19.02% 3.26% 3.15% A'bad Surat Bhiwandi Agra Q1 2019-20 Q1 2020-21 Q1 2019-20 Q1 2020-21
Slide 16: Investment Rationale
4. Investment Rationale • State of the art gas • Huge growth potential • Need for a robust • Opportunities for based plants in renewables; expect grid to support huge private sector the returns to rise increase in considering the • Direct import of LNG above COE as renewables capacity endemic ineffi
Slide 17: Investment Rationale (Contd…)
Investment Rationale (Contd…) Excellent Regulated operational records Promising businesses growth ensuring opportunities stable returns Unmatched Strong project distribution management model skills World class Rational generation Value allocation of assets Creation capital
Slide 18: Five Year Trend - Key Financial Statistics
5. Five Year Trend - Key Financial Statistics Revenues from Operations (₹ Crore) EBIDTA (₹ Crore)/EBIDTA Margin (%) 13151 13641 3734 11716 11512 3336 3381 3389 10000 2651 29% 28% 27% 27% 26% 2015-16 2016-17 2017-18 2018-19 2019-20 2015-16 2016-17 2017-18 2018-19 2019-20 TCI (₹ Crore) Net Worth (₹ Cr
Slide 19: Five Year Trend - Key Financial Statistics (Contd…)
Five Year Trend - Key Financial Statistics (Contd…) Net Debt / EBITDA Net Debt Equity Ratio 0.93 0.92 2.99 0.89 2.49 2.61 2.26 2.18 0.80 0.80 2015-16 2016-17 2017-18 2018-19 2019-20 2015-16 2016-17 2017-18 2018-19 2019-20 Return on Capital Employed Return on Networth 11.21% 13.22% 12.62% 9.62% 9.32%
Slide 20: Five Year Trend - Key Technical Statistics (Contd…)
Five Year Trend - Key Technical Statistics (Contd…) THERMAL PLF (%) T&D loss (%) Licensed Distribution 87.8% 74.6% 71.4% 72.9% 65.0% 62.3% 7.15% 6.81% 6.31% 59.9% 5.61% 47.5% 65.3% 60.1% 4.98% 35.8% 3.89% 3.92% 3.59% 3.43% 34.6% 3.43% 25.4% 40.7% 27.3% 33.3% 33.4% 25.7% 6.5% 0.76% 0.53% 0.40% 0.35%
Slide 21: Thank You
Contact details: Rishi Shah Torrent Power Limited THANK YOU “Samanvay”, 600 Tapovan, Ambawadi, Ahmedabad 380015 Ph. No. (079) 26628473 Email: IR@torrentpower.com www.torrentpower.com