Torrent Power Limited · NSE:TORNTPOWER
Torrent Power — Q4 FY2023-24 Earnings Presentation
23 slides from Torrent Power's earnings presentation, May 22, 2024
Slide 1: Exchange filing cover letter – Investor Presentation
May 22, 2024 To, To, Corporate Relationship Department Listing Department BSE Limited, National Stock Exchange of India Limited th 14 Floor, P. J. Towers, “Exchange Plaza”, C – 1, Block G Dalal Street, Fort, Bandra- Kurla Complex, Bandra (East), Mumbai-400001 Mumbai-400051 SCRIP CODE: 532779 SCRIP S
Slide 2: Torrent Power Limited Investor Presentation Q4 FY 2023-24
TORRENT POWER LIMITED Investor Presentation Q4 FY 2023-24
Slide 3: 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 4: Presentation Outline
PRESENTATION OUTLINE TORRENT GROUP TORRENT POWER LIMITED OVERVIEW OF OPERATIONS FY24 INVESTMENT RATIONALE FIVE YEAR TREND: KEY FINANCIAL & TECHNICAL STATISTICS
Slide 5: Torrent Group
TORRENT GROUP TORRENT PHARMACEUTICALS LIMITED • A generics pharmaceutical major with strong global footprint • Ranked 5th in Indian pharma market with leading position amongst the Top 5 in the therapeutics segments of Cardiovascular (CV), Gastro-Intestinal (GI), Central Nervous System (CNS), and Vit
Slide 6: Torrent Group
TORRENT GROUP Turnover $ 4.43 Bn Market Cap $ 18.37 Bn Enterprise Value $ 19.95 Bn Employees 25,000+ Spreading smiles Illuminating Lives Not just healthcare… Lifecare Generating Trust. Distributing Opportunities. Turnover: $ 1.17 Bn Turnover: $ 3.26 Bn Building pan-India state-of-art city gas Enterp
Slide 7: Torrent Power Limited
TORRENT POWER LIMITED Spreading smiles Illuminating Lives Thermal Solar Wind Transmission Distribution - 2,730 MW state-of- - 281 MWp oper-ational - 921 MW operational - 355 kms 400 kV & - Licensed: art gas based power capacity - 430 MW of - 2730 MW of gas based - 138 MW of capacity operational port
Slide 8: Torrent Power asset locations map
TORRENT POWER LIMITED 01 GUJARAT 02 MAHARASHTRA Wind (126 MW) Osmanabad AMGEN (362 MW) Sabarmati, Ahmedabad Solar (60 MWp) Solapur DGEN (1200 MW) Dahej, Bharuch SUGEN & Kamrej, Surat Bhiwandi UNOSUGEN Shil, Mumbra and Kalwa (1530 MW) Wind (49.6 MW) Wind (251.6 MW) Jamnagar Kutch 03 UTTAR PRADESH Agr
Slide 9: Portfolio of Assets: Thermal Generation
TORRENT POWER LIMITED PORTFOLIO OF ASSETS : THERMAL GENERATION Particulars Sugen Unosugen Dgen Amgen Capacity 1147.5 382.5 1200 362 (MW) (3 x 382.5) (1 x 382.5) (3 x 400) (1 x 120, 2 x 121) Plant Type Gas-based CCPP Gas-based CCPP Gas-based CCPP Coal Based Location Near Surat, Gujarat Near Surat, Gu
Slide 10: Portfolio of Assets: Renewable Generation (Operational)
TORRENT POWER LIMITED PORTFOLIO OF ASSETS : RENEWABLE GENERATION (OPERATIONAL) Particulars 315 921 Capacity (MWp) (298 MW contracted) (920 MW Contracted) Gujarat,Maharashtra,Karnataka, Rajasthan & Madhya Location Gujarat, Maharashtra & Telangana Pradesh COD FY 12 to FY17 FY 12 to FY 24 Avg Tariff (₹
Slide 11: Renewable Energy Projects in Pipeline
TORRENT POWER LIMITED RENEWABLE ENERGY PROJECTS IN PIPELINE Contracted Installed Expected Tariff in Project Capacity Capacity Off-taker Project Cost Remarks Rs/Unit (MW) (MW*) (Rs in Cr) TPLD Solar 300 420 2.22^ Own Discom 1,800 Likely COD by Q1 FY25 MSEDCL Solar 306 425 3.10 MSEDCL 1,550 SCOD by Se
Slide 12: Portfolio of Assets: Licensed Distribution
TORRENT POWER LIMITED PORTFOLIO OF ASSETS : LICENSED DISTRIBUTION Particulars Ahmedabad / Gandhinagar Surat Dahej Licensed Area ~ 356 sq. km. ~ 52 sq. km. ~ 17 sq. km. Peak Demand(FY24) 1,834 MW 757 MW 115 MW As per Electricity Amendment Rules, 2023 the Licenses are deemed to be renewed for further
Slide 13: Portfolio of Assets: Licensed Distribution
TORRENT POWER LIMITED PORTFOLIO OF ASSETS : LICENSED DISTRIBUTION Dadra & Nagar Haveli and Daman & Diu Power Particulars Dholera SIR Distribution Licensed Area ~ 920 sq. km. ~603 sq. km. Peak Demand(FY24) 3 MW 1,333 MW As per Electricity Amendment Rules, 2023 the Licenses are deemed to be renewed fo
Slide 14: Portfolio of Assets: Franchised Distribution
TORRENT POWER LIMITED PORTFOLIO OF ASSETS : FRANCHISED DISTRIBUTION Particulars Bhiwandi Agra Shil, Mumbra, Kalwa (SMK) Licensed Area ~ 721 sq. km. ~ 221 sq. km. ~65 sq. Km. Peak Demand 609 MVA 505 MVA 155 MVA (FY24) License validity 25th Jan 2027 31st March 2030 29th Feb 2040 Accolades / ➢Country's
Slide 15: Overview of Operations – Q4/FY 2023-24
OVERVIEW OF OPERATIONS – Q4/ FY 2023-24 Consolidated Financial Statement Q4 23-24 Q4 22-23 Growth % FY 23-24 FY 22-23 Growth % (₹ in Cr.) Revenue from Operations 6,529 6,038 8% 27,183 25,694 6% Power Purchase Cost 4,463 3,991 19,391 16,949 Material Cost & Change in Inventory 413 476 1,117 2,185 Cont
Slide 16: Overview of Operations – Q4/FY 2023-24
OVERVIEW OF OPERATIONS – Q4/ FY 2023-24 Profit after tax (PAT) for FY 2023-24 stood at ₹ 1,896 crs as compared to ₹ 2,165 crs for FY 2022-23. The reduction is on account of one-time higher net gain in FY 2022-23 from trading of LNG of ₹ 672 crs. Adjusted for the above, PAT for FY 2023-24 was higher
Slide 17: Overview of Operations – Thermal PLF
OVERVIEW OF OPERATIONS – Q4/ FY 2023-24 Q4 Thermal PLF(%) 91.5% 95.8% Q4 FY23 35.4% 35.2% 30.9% 27.2% 19.9% 18.0% 18.3% Q4 FY24 8.6% 1.9% 251 0.0% MUs SUGEN UNOSUGEN DGEN GAS PLANTS AMGEN THERMAL 1147.5 MW 382.5 MW 1200 MW 2730 MW 362 MW 3092 MW FY Thermal PLF(%) 88.2% 91.0% 36.6% 39.7% 32.8% FY 23
Slide 18: Overview of Operations – Renewable PLF
OVERVIEW OF OPERATIONS – Q4/ FY 2023-24 Q4 Renewable PLF (%) FY Renewable PLF (%) 21.6% 26.6% 24.3% 20.8% 18.7% 18.1% 20.3% 20.0% 264 MUs WIND 805 MW / 921 SOLAR 281 MWp / 315 WIND 805 MW / 921 SOLAR 281 MWp / 315 MW* MWp MW* MWp Q4 FY23 Q4 FY24 FY 23 FY 24 *Includes generation from 116 MW SECI V Pr
Slide 19: Overview of Operations – USO/Purchase
OVERVIEW OF OPERATIONS – Q4/ FY 2023-24 Q4 USO/Purchase (MUs) 2,513 2,567 1,754 1,821 905 953 960 Q4 FY23 983 Q4 FY24 190 175 397 429 174 188 Ahmedabad Surat Dahej DDDNH Bhiwandi Agra SMK FY USO/Purchase (MUs) 8,595 8,820 3,813 4,025 9,962 10,363 3,947 3,964 2,226 2,302 FY 23 714 798 780 839 FY 24 A
Slide 20: 5 Year Trend - Financial Statistics
5 YEAR TREND - FINANCIAL STATISTICS Revenues from Operations (₹ Crore) EBIDTA (₹ Crore) 25,694 27,183 5,141 4,903 3,734 3,607 3,826 13,641 14,257 12,173 2019-20 2020-21 2021-22 2022-23 2023-24 2019-20 2020-21 2021-22 2022-23 2023-24 TCI* (₹ Crore) Net Worth (₹ Crore) 13,295 2,117 11,979 1,833 10,724
Slide 21: 5 Year Trend - Financial Statistics
5 YEAR TREND - FINANCIAL STATISTICS Net Debt / EBITDA Net Debt Equity Ratio 2.24 2.25 0.80 0.80 0.82 0.80 2.18 0.64 1.98 1.97 19-20 20-21 21-22 22-23 23-24 19-20 20-21 21-22 22-23 23-24 Return on Capital Employed Return on Networth 14.0% 19.1% 11.6% 14.2% 14.5% 10.0% 10.3% 11.1% 12.4% 9.3% 19-20 20-
Slide 22: 5 Year Trend - Operational Statistics
5 YEAR TREND - OPERATIONAL STATISTICS THERMAL PLF (%) T&D loss (%) Licensed Distribution 88.2% 76.9% 91.0% 6.03% 72.9% 60.1% 59.9% 4.98% 57.8% 4.06% 4.17% 4.16% 59.9% 3.43% 3.74% 39.7% 3.38% 3.17% 40.7% 44.3% 44.3% 2.77% 41.1% 36.6% 38.4% 15.0% 32.8% 1.59% 30.6% 0.31% 0.49% 0.45% 1.58% 6.5% 9.8% 1.7
Slide 23: Thank You
THANK YOU Contact details: Rishi Shah Torrent Power Limited “Samanvay”, 600 Tapovan, Ambawadi, Ahmedabad 380015 Ph. No. (079) 26628473 Email: IR@torrentpower.com