Tata Power Company Limited · NSE:TATAPOWER
Tata Power — The Tata Power Company — Investor Presentation (June 2017)
40 slides from Tata Power's investor presentation, June 2017
Slide 1: The Tata Power Company Ltd. June 2017
Presentation Title ( Arial, The Tata Power Company Ltd. Font size 28 ) Date, Venue, etc ..( Arial, Font sizeJune 18 ) 2017 …Message Box ( Arial, Font size 18 Bold)
Slide 2: Agenda
Agenda …Message Box ( Arial, Font size 18 Bold) 1
Slide 3: Disclaimer
Disclaimer This document does not constitute or form part of and should not be construed as a prospectus, offering circular or offering memorandum or an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the Company or any of its subsidiaries or affiliates in any
Slide 4: Tata Power - Overview
Tata Power - Overview 100+ years presence in the Indian Power Sector and pioneer with a number of firsts 10,613 MW Gross Capacity with presence across value chain ~ 3,000 MW Non-fossil fuel based power Over US$ 3 billion Market Cap Largest Integrated Private Power Player …Message Box ( Arial, Font s
Slide 5: Tata Power: A hundred years of caring
Tata Power: A hundred years of caring Guided by our Founder Mr. Jamshetji Tata's vision that ‘clean, cheap & abundant power is one of the basic ingredients for the economic progress of a city, state or country’, Tata Power commissioned India's first power plant- the hydro-electric station - in Khopo
Slide 6: Tata Power: A hundred years of caring
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Slide 7: Tata Power: A hundred years of caring
Tata Power: A hundred years of caring Commissioned 28.8 MW Solar Power Project at Palaswadi in Maharashtra. Completes Commissioning of 32 MW Wind farm project in Maharashtra. 2015 Commissioned the first cross border Hydro Power Project of 126 MW at Dagachhu in Bhutan. 2016 Commissioned 120 MW Itezhi
Slide 8: Tata Power - a pioneer in the power sector – many firsts to its name
Tata Power - a pioneer in the power sector – many firsts to its name Tata Power's journey over the past nine decades has been a fascinating saga of pioneering initiatives; responsible business practices that have a minimal impact on the environment; and initiation of several socio economic changes i
Slide 9: Agenda
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Slide 10: Well Integrated across value-chain
……..Well Integrated across value-chain Play across the entire value chain Distribution Value Added Fuel & Logistics Generation Transmission & Supply Businesses Stake in 10613 MW Mumbai: Mumbai SED - developing Indonesian mines installed capacity 1,200 cKm network – Over 6.5 lakh State-of-t
Slide 11: Division/SPV/JV & Associates - snapshot
Division /SPV / JV& Associates- snapshot • TTML(1) 7% • Trombay • Hydro • TTSL(1) 8% • Jojobera • Panatone 40% • Haldia Investments • Tata Comm(1) 17% • CGPL (Mundra UMPP) 100% • Maithon 74% • IEL 74% • Dagachhu 26% Generation • Georgia Hydro 40% • Wind Farms Renewable • TPREL 100% • WREPL (Welspun)
Slide 12: Geographical Presence- Domestic
Geographical Presence- Domestic Operational: Thermal 7436 MW Hydro 447 MW Wind 911 MW Solar 933 MW Waste Heat 375 MW Transmission Distribution Pan India footprint- 10101 MW of generation across states …Message Box ( Arial, Font size 18 Bold) 11
Slide 13: Geographical Presence- International
Geographical Presence- International Hydro Project - Hydro Projects Bhutan - Georgia Distribution Consultancy Logistics Assignment - Nigeria Office - Singapore Hydro Project- Coal Mines Zambia - Indonesia Wind Project – South Africa Projects under execution / Commissioned in FY17 Existing Projects a
Slide 14: Revenue profile for FY17 – IndAS Reporting Vs All Business
Revenue* profile for FY 17– IndAS Reporting Vs All Business IND AS All Business Coal Coal SPV, Transmission, Defence, 2% Transmission, Others, 2% Services, 1% Logistics 2% 2% Services, 2% 2% Coal SPV, 2% Defence, 1% Business, Coal Logistics 3% Business, 2% EPC Business, EPC Generation, 9% Business,
Slide 15: EBITDA profile for FY17 – IndAS Reporting Vs All Business
EBITDA* profile for FY17 – IndAS Reporting Vs All Business IND AS All Business Services Coal Logistics Coal Logistics Defence Services 1% Business Others Defence Business EPC 1% 1% EPC Business 3% 1% Business 2% 5% 4% 3% Transmission Transmission 7% 6% Coal SPV Coal SPV 7% Generation 10% 46% Distrib
Slide 16: Returns based portfolio view
Returns based portfolio view Assured Returns / BID / Market Regulated / FIT Linked returns Non- Core Investment Non-Core Investments Thermal - 3286 MW Thermal - 4150 MW Wind - 1140 MW Power Business • Transmission Assets in Mumbai Hydro - 693 MW Solar - 933 MW Waste Heat/ BFG - 375 MW Coal & Infra T
Slide 17: Earning profile for FY17 based on Return Predictability
Earning profile* for FY17- based on Return Predictability REVENUE Rs Crs EBIDTA - Rs Crs 15373, 41% 4186, 44% 5248, 56% 22405, 59% Market Linked Assured Returns Returns Assured Business contribute significantly to the total revenue and EBIDTA * Including all businesses without eliminations …Message
Slide 18: Agenda
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Slide 19: Renewable Portfolio - Overview
Renewable Portfolio - Overview Company Overview Financial Overview ( Rs in Crs) (Fig in ₹ Cr) TPREL is the largest renewable energy player in India with more than 9 years of experience having an operating portfolio of 2 GW FY 17 and is held 100% by experienced Tata Power Consolida Tata Power, Bala
Slide 20: Clean Energy- Way forward
Clean Energy- Way forward Non-Fossil based capacities to be 30-40% of the total portfolio 326 MW of projects in pipeline to be commissioned in FY18 Adequate potential capacity still available to be tapped Renewable Portfolio to be 2500 MW taking the non fossil fuel based capacities to 3500 MW Growth
Slide 21: Agenda
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Slide 22: Overseas Power Projects - Summary
Overseas Power Projects - Summary Domestic International Particular Unit Projects Total projects* Capacity MW 10101 660 10761 Equity Investment Rs. Cr. 12795 963 13755 660 MW of assets added in the last three years at an Investment of Rs. 963 Cr * Includes Georgia which is due for commissioning in J
Slide 23: Itezhi Tezhi Power Plant, Zambia
Itezhi Tezhi Power Plant, Zambia Capacity & 120 MW (2 units of 60 MW each), type Hydro Power plant on Itezhi Tezhi dam on the Kafue River Project Cost Project Cost: US$ 234.4 million Funding Debt – US$ 169.87 million, Equity – US$ 64.58 million (Tata Power & Zesco hold 50 % each) Power off
Slide 24: Cennergi Wind Projects
Cennergi Wind Projects Capacity & 134 MW Amakhala Emoyeni & 95 MW Tsitsikamma Wind Farm Project in the type Eastern Cape, South Africa Project Cost Projects based in the Eastern Cape, 134 MW Amakhala Emoyeni & 95 MW Tsitsikamma Wind Farm Project Funding Project Cost: ZAR Mio 6634 ( USD 474 Mio
Slide 25: Shuakhevi Hydro Power Project, Georgia
Shuakhevi Hydro Power Project, Georgia Capacity & type Phase-I: Shuakhevi (187 MW) & Phase-II: Koromkheti (115 MW) in South West Georgia. Project Cost US$ 420 Million Funding Debt – US$ 250 Million, Equity – US$ 170 million (Tata Power 40% , Clean Energy Invest AS, Norway 40% IFC 20% each) Pow
Slide 26: Dagachu Power Project, Bhutan
Dagachu Power Project, Bhutan Capacity & Dagachu 126 MW, run of the river hydro power plant on dagachhu river in Bhutan type Project Cost US$ 200 Million Funding Debt – US$ 120 Million , Equity – US$ 80 million (Druk Green Power 59% , Tata Power 26%, National Pension fund & PF of Bhutan, 15%
Slide 27: Agenda
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Slide 28: Factors which will shape the power sector in India going forward
Factors which will shape the power sector in India going forward UDAY 1 UDAY has to be coupled with tariff increases to find a lasting solution and make the power sector sustainable MNRE 2022 RE Targets – 175 GW capacity addition 2 Focused Environment for Scale-up of Renewables; but could cause grid
Slide 29: Potential Drivers for the sector
Potential Drivers for the sector • Latent demand to materialise due to “Power for All” • “Make in India” to provide boost to manufacturing activity • GDP growth to remain buoyant in wake of the favourable factors like political stability, thrust of the Government on reforms • Real demand growth and
Slide 30: Welspun acquisition - key highlights
Welspun acquisition - key highlights • Tata Power Renewable Energy Limited (TPREL), a wholly owned subsidiary of the company acquired Welspun Renewable Energy Private Limited • 1,149 MW of renewable power projects were added to the TPREL portfolio post acquisition • 88% of the acquired projects sola
Slide 31: Tata Power Platform- for Inorganic growth potential
Tata Power Platform- for Inorganic growth potential Tata Power SGRF Oman ICICI USD 850 Million KIA CDPQ Kuwait Canada • Platform to target investment in the power sector (operating & near operating assets) over the next 2-3 years, Tata Power will provide strategic, operational and financial advise •
Slide 32: Ajmer Distribution Franchise
Ajmer Distribution Franchise Franchise for the distribution of electricity in Ajmer, Rajasthan Operate, maintain, billing and collection in Ajmer circle for a period of 20 years Experience of Delhi, where the losses reduced from a whopping 53 per cent to 8.8 per cent, to be replicated through
Slide 33: Agenda
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Slide 34: Tata Power (Consolidated) – Financials
Tata Power ( Consolidated) – Financials Fig in ₹ Cr Revenue EBIDTA 34,367 7357 28,526 27,288 6264 5440 FY15 FY16 FY17 FY15 FY16 FY17 PAT 1397* 662 168 FY15 Figures are as per IGAAP. FY15 FY16 FY17 * PAT of FY17 is before DOCOMO provisions. 33 …Message Box ( Arial, Font size 18 Bold)
Slide 35: Tata Power (Consolidated) – Financials
Tata Power (Consolidated) – Financials EPS NETWORTH ₹2.34 15148 ₹2.03 Fig in ₹ Cr 14883 14659 ₹0.17 FY15 FY16 FY17 FY15 FY16 FY17 …Message Box ( Arial, Font size 18 Bold) 34
Slide 36: Leverage Management- Debt Profile
Leverage Management- Debt Profile Fig in ₹ Cr Standalone Consolidated Rupee Forex Total Rupee Forex Total Long term 8,848 - 8,848 17,502 7,641 25,143 Short term 1,983 409 2,392 8,475 7,804 16,280 Current Maturity of LT 4,879 385 5,264 6,279 1,118 7,397 Total Debt 15,710 794 16,504 32,256 16,564 48,8
Slide 37: Coal to Generation- An integrated view
Coal to Generation- An integrated view Coal & Freight & Infra Cos logistics 4150 MW UMPP, Generation Coal mines & Infrastructure, Coal Logistics and CGPL when considered as “Integrated” acts as a natural hedges towards fluctuations in coal prices. …Message Box ( Arial, Font size 18 Bold) 36
Slide 38: Agenda
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Slide 39: Summary
SUMMARY An Integrated player across the value chain, well positioned to withstand sectoral challenges and capitalize on opportunities Existing “Assured returns” business contribute significantly to the Profitability Integrated Power and Coal Business providing a hedge from further losses; other init
Slide 40: Investor Relations contact
Website: www.tatapower.com Email ID: investorrelations@tatapower.com Investor Relations Team: Ajay Bagri / S Kasturi Contact : Tel : +91 22 6717 1305 / 1345 …Message Box 39 ( Arial, Font size 18 Bold) 39
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