Power Grid Corporation Of India Limited · NSE:POWERGRID
Power Grid Corporation Of India — FY2018 Earnings Presentation
35 slides from Power Grid Corporation Of India's earnings presentation, May 30, 2018
Slide 1: Exchange filing cover letter to NSE
POWER GRID OF INDIA LIMITED ”e at CORPORATION (A Government of India Enterprise) “2131?: W mm: 'mm' refit: Ti. 2, film—29, genie—122 001, (ERIIIIIII))agxnm: 0124-2571700-719, 13w: 0124-2571762, 'Saudamini' Plot No. 2, Sector-29, Surgeon-122 001, (HaIyana) Tel. : 0124-2571700-719. Fax: 0124-2571762,
Slide 2: Financial Results FY 2017-18 Press & Analyst Meet
Fastest Growing Electric Utility in Asia since 2014 Financial Results FY 2017-18 Press & Analyst Meet Mumbai May 30, 2018
Slide 3: Disclaimer
Disclaimer By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: • This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell any secur
Slide 4: Presentation Outline
Presentation Outline Major Highlights for FY18 POWERGRID Overview Performance (FY18) Performance – Last 5 years Sector Outlook POWERGRID Outlook
Slide 5: Major Highlights FY18
Major Highlights FY18
Slide 6: FY18 - Major Highlights of the year
FY18 - Major Highlights of the year Capex: ₹ 25,791 crore Highest-ever 3rd successive year of Capitalization > Capex Completed: ~ ₹ 29,000 crore Completion of Long Overdue Projects Capitalized: ₹ 27,928 crore Completion of a no. of lines within CERC (incl. TBCB) timelines TBCB – 2 Nos. – ERSS XXI Lt
Slide 7: FY18 – Major Highlights of the Year
FY18 – Major Highlights of the Year New Works- Railway Electrification • 1st Section of Mansi-Saharsa-Madhepura (63 rkm) of East Central Railway completed- 10 months ahead of schedule New Works – IPDS • IPDS works in Old Kashi area of Varanasi completed 6
Slide 8: Major Awards & Recent Recognitions
Major Awards & Recent Recognitions Fastest Growing Electric Utility in Asia since 2014 (4th successive year) as per Platts Top 250 Global Energy Company Rankings Highest Placed Power Sector CPSE in ‘India’s Best Companies to Work for 2017’ BML Munjal Award for Business Excellence through Leadership
Slide 9: POWERGRID Overview
POWERGRID Overview
Slide 10: POWERGRID Today
POWERGRID Today CENTRAL LISTED GOVT. PAYING Market A ‘NAVRATNA’ SHAREHOLDING TRANSMISSION COMPANY DIVIDEND SINCE Capitalization ENTERPRISE UTILITY since 2007 56.91% 1993-94 ₹ 108,399 crore1 ~ 85% ISTS Transmission Network owned by POWERGRID Trans. Lines: 1162 Nos. - ~ 148,327 ckm 400kV & above:
Slide 11: Performance (FY18)
Performance (FY18)
Slide 12: Performance (FY18) – Project Execution
Performance (FY18) – Project Execution Parameter FY18 Q4FY18 Tr. Line (ckm) 9,250 2,927 X-fmn Capacity (MVA) 42,620 8,448 Substation (Nos.) 17 6 I-R Capacity (MW) 11,400 8,400 11
Slide 13: Performance (FY18) - Operational
Performance (FY18) - Operational Availability • 99.81% Reliability • 0.60 Trippings/ line 12 12
Slide 14: Performance (FY18)- Financial
Performance (FY18)- Financial (₹ in crore) Quarter ended Year ended Year ended Description Standalone Growth Standalone Growth Consolidated Growth (%) (%) (%) Income 31.03.2018 31.03.2017 31.03.2018 31.03.2017 31.03.2018 31.03.2017 - Transmission Charges 7,460 6,435 16% 28,484 24,630 16% 17% 28,844
Slide 15: Performance (FY18) – Financial (Standalone)
Performance (FY18) – Financial (Standalone) Standalone Financial Statements (₹ in crore) Description As on 31.03.2018 As on 31.03.2017 Gross Fixed Assets 1,77,100 1,49,730 Capital Work-in-Progress 32,978 38,942 Debt 1,30,213 1,17,198 Net Worth 54,415 49,807 Earning Per Share (₹) 15.75 14.37 Book Val
Slide 16: Performance (FY18) – Financial (Consolidated)
Performance (FY18) – Financial (Consolidated) Consolidated Financial Statements (₹ in crore) Description As on 31.03.2018 As on 31.03.2017 Gross Fixed Assets 1,79,890 1,51,962 Capital Work-in-Progress 40,432 41,499 Debt 1,30,503 1,17,488 Net Worth 54,426 49,866 Earning Per Share (₹) 15.67 14.24 Book
Slide 17: Performance (FY18) - Financial: Billing & Realization
Performance (FY18) - Financial Billing & Realization Billing Realization %age realization ₹ 27,227 Crore ₹ 26,875 Crore 98.71% As on 31.03.2018 ~ ₹ 3,152 Crore Total Outstanding (42 days billing) Transmission Outstanding ~ ₹ 953 Crore (beyond 60 days) (13 days billing) Billed but not outstanding ~ ₹
Slide 18: Performance (FY18) - Diversifications
Performance (FY18) - Diversifications Other Businesses – Consultancy, International Business & Telecom 25 New Orders recd in FY18 Consultancy Major Clients: J&K, Manipur, UP, MP, AP, Bihar, NHAI International 8 new assignments - (Nepal, Fiji, CASA, Bhutan) Business Telecom network increased by ~5,70
Slide 19: POWERGRID Performance (Last years)
POWERGRID Performance (Last 5 years)
Slide 20: 5-yr Performance (FY14-FY18): Asset Base
5-yr Performance (FY14-FY18): Asset Base Asset Growth ….. (₹ in crore) Gross Fixed Asset CAGR: 16.4% 1,77,100 1,49,730 1,18,265 1,21,337 96,504 FY14 FY15 FY16 FY17 FY18 3rd Largest CPSE in India# #- As per DPE Report 2016-17 19
Slide 21: 5-yr Performance (FY14-FY18): Income
5-yr Performance (FY14-FY18): Income Asset Based Returns….. (₹ in crore) Income (CAGR: 18.3%) 30,766 26,577 21,243 17,780 15,721 FY14 FY15 FY16 FY17 FY18 Fastest Growing Electric Utility in Asia since 2014 20
Slide 22: 5-yr Performance: Profit After Tax
5-yr Performance (FY14-FY18): Profit After Tax Sustained Profitability…. (₹ in crore) Profit After Tax (CAGR: 16.3%) 8,239 7,520 5,948 4,979 4,497 FY14 FY15 FY16 FY17 FY18 6th Highest Profit making CPSE (7.75% share in profits of all CPSEs for FY2016-17)# #- As per DPE Report 2016-17 21
Slide 23: 5-yr Performance: EPS & Dividend
5-yr Performance (FY14-FY18): EPS & Dividend …. and enhanced Shareholder returns…. Dividend for FY18: ₹ 5.25/ share (incl. ₹ 2.80 proposed) Earning Per Share (₹) Dividend Per Share (₹) 15.75 5.25(*) 14.37 4.35 11.37 9.36 9.52 2.58 2.31 2 FY14 FY15 FY16 FY17 FY18 FY14 FY15 FY16 FY17 FY18 (including ₹
Slide 24: 5-yr Performance (FY14-FY18): Other Businesses
5-yr Performance (FY14-FY18): Other Businesses Other Businesses – Consultancy Services & Telecom Consultancy Services Telecom (CAGR: 19%) (CAGR: 25%) 668 678 582 504 465 392 380 332 276 274 FY14 FY15 FY16 FY17 FY18 FY14 FY15 FY16 FY17 FY18 Adding Value for Stakeholders through Sectoral Growth and Di
Slide 25: Performance: Consistent Shareholder Returns
Performance: Consistent Shareholder Returns Since Listing Last 5 years (Oct’07) >4x returns since IPO > 2x returns since FPOs Outperforming SENSEX & Nifty since listing, in Last 2/3/4/5 years and also last 3/6 mnths Last 3 years Last 2 years 24
Slide 26: Sector Overview
Sector Overview
Slide 27: All India Transmission Growth
All India Transmission Growth Transmission X-formation I-R Capacity Growth in Last 5 years (ckm) Capacity (GW) (MVA) At the end of Mar-13 274,588 473,216 29.75 At the end of Mar-18 390,970 826,958 86.45 Addn. in last 5 years 116,382 353,742 56.7 (Apr13-Mar18)- All India 48,127 167,400 50.1 POWERGRID
Slide 28: Transmission: Enabling Seamless Power Movement (NR)
Transmission: Enabling Seamless Power Movement Power Flow into NR from WR ATC Enhancement(MW): > 6X I-R Power flow: WR-NR (MU) > 5x WR-NR WR-NR 12,600 49,600 50,480 46,623 29,908 24,206 2,000 11,668 9,983 Mar'12 Mar'18 FY12 FY13 FY14 FY15 FY16 FY17 FY18 27 27
Slide 29: Transmission: Enabling Seamless Power Movement (SR)
Transmission: Enabling Seamless Power Movement Power Flow into SR ATC Enhancement (MW) > 5.5x I-R Power flow: NEW-SR (MU) > 6.8x NEW-SR NEW-SR 46,496 8,900 42,502 31,765 37,956 27,100 27,914 1,630 6,841 Mar'12 Mar'18 FY12 FY13 FY14 FY15 FY16 FY17 FY18 28
Slide 30: POWERGRID Outlook
POWERGRID – Outlook
Slide 31: POWERGRID Outlook (as on Mar'18)
POWERGRID Outlook (as on Mar’18) FY19 Capex Plan: ~ ₹ 25,000 crore Ongoing Projects approx. ₹ 75,000 crore New Projects approx. ₹ 2,500 crore TBCB Projects approx. ₹ 16,500 crore (as per Empowered Committee Estimate) GoI Consultancy Works# approx. ₹ 16,000 crore Completion envisaged in Total Works i
Slide 32: Power Sector Outlook - NEP 2018
Power Sector Outlook - NEP 2018 (based on 19th EPS) FY 2017 FY 2027 Peak Demand 162 GW 299 GW Installed Capacity 327 GW 619GW (incl. RES-%) (57GW RES - 17%) (275GW RES - 44%) 2017-2027 Capacity Addn. (including Conv.: 104GW substitution for retirement) RES: 218GW RE Share in Energy 8% 24% Net Import
Slide 33: Power Sector Outlook - NEP 2018 (Trans.)
Power Sector Outlook - NEP 2018 (Trans.) 2017-2022- Additions envisaged • Physical: 107,490 ckm ; 333,479 MVA & 14,000 MW HVDC • Financial: Rs.2,54,000 crore (incl. Rs.30,000 crore below 220kV) Growth Drivers for Power Sector • “Saubhagya” Scheme to ensure household electrification by 31st Dec., 201
Slide 34: POWERGRID Outlook – Future Business
POWERGRID Outlook – Future Business Opportunities in Emerging Businesses – Electric Vehicle Charging – Battery Storage – Railway Electrification: Exploring investment options – Telecom: Signalling works through JV with Railtel – MoU signed between POWERGRID & Railtel; modalities under finalization
Slide 35: Presentation available at www.powergridindia.com
Presentation available at www.powergridindia.com
Power Grid Corporation of India — FY2018 Earnings Presentation on 6ix