Orient Green Power Company Ltd · NSE:GREENPOWER
Orient Green Power — Q1 FY2015 Earnings Presentation
20 slides from Orient Green Power's earnings presentation, August 2014
Slide 1: Q1 FY15 Results
Q1 FY15 Results 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: Financial & Operational Highlights – Q1 FY15
Financial & Operational Highlights – Q1 FY15
Slide 4: Performance Highlights
Performance Highlights The quarter witnessed a sales growth of 19.5% (Y-o-Y) mainly aided by additional capacities in both wind and biomass businesses Increase in tariffs across all biomass operating plants in Rajasthan has positively impacted margins in the business Tariff levels also improve
Slide 5: Financial Performance – Q1 FY15
Financial Performance – Q1 FY15 Rs. Million Y-o-Y Q1FY15 Q1FY14 FY14 (%) Sale of Power 1,307.34 1,057.81 3,595.40 Other Operating Income 166.18 174.94 533.18 Total Income 1,473.52 1,232.75 19.5% 4,128.58 Expenditure Cost of biomass fuel 279.33 257.13 815.97 O&M and other costs 289.08 247.39 1,244.12
Slide 6: Balance Sheet as at June 30, 2014
Balance Sheet as at June 30, 2014 Rs. Million As at As at As at As At EQUITY AND LIABILITIES 30.06.2014 30.06.2013 31.03.2014 31.03.2013 Shareholders' Funds 5,681 5,681 5,681 4,681 Reserves and Surplus 4,617 6,645 4,876 6,208 Share Application Money 8 62 8 1,523 Minority Interest 178 303 193 295 Non
Slide 7: Renewable Energy Certificates
Renewable Energy Certificates Some state regulators like Punjab, Uttarakhand, Maharashtra and Goa began exerting pressure on compliance of RPO on the obligated entities. Regulators have imposed fines on distribution companies in northern Uttarakhand state and the Union Territory of Dadra and Nag
Slide 8: REC Trading and Revenue – April 2013 to June 2014
REC Trading and Revenue – April 2013 to June 2014 REC Trade Results - Consolidated (IEX + PXIL) Market Clearing REC traded from Market Share of REC Revenue Average Price Month Volume - Non OGPL Projects OGPL (%) (Rs. Lacs) (Rs./ REC) Solar Apr – 13 44,459 3,308 7.44% 5.00 1,500 May – 13 52,968 4,111
Slide 9: Wind Operations
\ Wind Operations are
Slide 10: Wind Operations
Wind Operations Unit of Particulars Q1 FY15 Q1 FY14 Measurement Capacity Mw 424.0 351.6 Units Generated (Gross) Mn 170.58 176.00 Annualized PLF % 18.9 23.5 Average Gross Realisation (before Rs./ Unit 5.45 5.19 charges and without REC) Capacities in A.P. (43.2Mw) and Gujarat (25.2Mw), coupled with
Slide 11: Capacity Expansion
Capacity Expansion Wind States Capacity (Mw) Remarks 7.2Mw planned in March 2015 Andhra Pradesh 50.70 Balance 43.5Mw panned in season of 2015 Tamil Nadu 3.00 Planned in September 2014 Madhya Pradesh 14.00 Planned in season of 2015 TOTAL 67.70 Biomass Location Capacity (Mw) Estimated date of Completi
Slide 12: Biomass Operations
Biomass Operations
Slide 13: Existing Biomass Operations
Existing Biomass Operations Particulars Unit of Measurement Q1 FY15 Q1 FY14 Capacity (operational during the year) Mw 68.0 60.5 Units Exported Mn 68.87 60.57 PLF % 52.0 58.6 Average Realisation Rs./ Unit 6.82 6.28 Specific Fuel Consumption per unit Kg/ Unit 1.90 1.86 Fuel Cost Rs./ Unit 4.11 4.16 O&
Slide 14: Existing Projects – Biomass power plants
Existing Projects – Biomass power plants Name Capacity Location Fuel Sale Model Blended Gross tariff (Rs./ KwH) Q1 Q4 Q3 Q2 Q1 FY15 FY14 FY14 FY14 FY14 Chippabarod 8 Rajasthan Mustard Husk Grid 100% 5.76 5.04 5.06 5.13 5.13 Kishanganj 8 Rajasthan Mustard Husk Grid 100% 6.54 5.97 5.90 No sale No sale
Slide 15: Capacity Expansion Trend
Capacity Expansion Trend 2013-14 / Planned by season BUSINESS 2010-11 2011-12 2012-13 June 2014 of FY 2015 WIND 179.5 317.1 339.0 424.0 491.70 BIOMASS 40.5 60.5 60.5 86.0 106.0 TOTAL 220.0 377.6 399.5 510.0 597.7 15
Slide 16: Regulatory Environment & Outlook
Regulatory Environment & Outlook
Slide 17: Regulatory Impact and other challenges
Regulatory Impact and other challenges Rajasthan Electricity Regulatory Commission has revised the tariffs effective April 2014. Three of our biomass plants now enjoy much higher tariff levels (5.76 v/s 5.04 for Chippabarod, 6.54 v/s 5.97 for Kishanganj and 6.02 in Hanumangarh) Maharashtra has a
Slide 18: Wind Business Outlook
Wind Business Outlook The 400KVA substation at Kayathar was commissioned recently. This, coupled with the Integration of southern corridor with North East West Corridor would help mitigate the high frequency issue faced in TN during wind season and also improve evacuation significantly in the comi
Slide 19: Biomass Business Outlook
Biomass Business Outlook Recent orders on Tariff by CERC for biomass power plants are more future oriented with annual reset prescribed on fuel cost( - 5.76 v/s 5.04 for Chippabarod, 6.54 v/s 5.97 for Kishanganj and 6.02 in Hanumangarh) Increase in tariff levels for approved by Rajasthan ERC wou
Slide 20: Leading Diversified Renewable Energy Generation Company
Leading Diversified Renewable Energy Generation Company
Orient Green Power Company — Q1 FY2015 Earnings Presentation on 6ix