Tata Power Company Limited · NSE:TATAPOWER

Tata Power — The Tata Power Company — Q2 FY19 Earnings Presentation

20 slides from Tata Power's earnings presentation, Oct 29, 2018

  1. Slide 1: Analyst Call Q2 FY19

    Presentation The Tata Power Title Company Limited ( Arial, Font size 28 ) Analyst ..( Arial, FontCall, Date, Venue, etc size 18 )Q2 FY19 29th October 2018 …Message Box ( Arial, Font size 18 Bold)

  2. Slide 2: 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

  3. Slide 3: Key Highlights Q2FY19

    Key Highlights Q2FY19 ❖ Consistent performance in Mumbai operations, Renewables, Delhi Distribution. Regulator order for Mumbai regulated business has been received. ❖ Performance have improved at all levels underlying business EBIDTA of approximately Rs 5000 crore for H1. ❖ Renewable business repor

  4. Slide 4: Consolidated Performance – Q2 FY19 Vs Q2 FY18

    Consolidated Performance – Q2 FY19 Vs Q2 FY18 Fig in ₹ Cr Particulars Op. Income EBITDA^ PAT Q2FY19 Q2FY18 Q2FY19 Q2FY18 Q2FY19 Q2FY18 Tata Power-Conso (line item 13 SEBI Results) 7234 6610 1732 1676 393 213 Standalone & Key Subsidiaries Tata Power (Standalone)^^ 1922 1769 810 816 298 42 CGPL (Mundr

  5. Slide 5: Share of Joint Ventures and Associates – Q2 FY19 Vs Q2 FY18

    Share of Joint Ventures and Associates – Q2 FY19 Vs Q2 FY18 Fig in ₹ Cr Particulars % Share OP. INCOME EBITDA PAT Q2FY19 Q2FY18 Q2FY19 Q2FY18 Q2FY19 Q2FY18 Joint Ventures Coal Companies (KPC, BSSR, AGM) 30% / 26% 2,120 2,103 659 672 322 324 ITPC 50% 84 78 87 74 21 39 Coal Infrastruture Companies (NT

  6. Slide 6: Underlying Consolidated EBITDA

    Underlying Consolidated EBITDA Fig in ₹ Cr Particulars Q2FY19 Q2 FY18 H1FY19 H1FY18 Adjusted Business EBITDA 2668 2663 5094 5224 Less: EBITDA of JV Companies 954 940 1,771 1,800 KPC 595 614 1,072 1,130 BSSR 64 58 109 113 Coal Infra 77 87 171 167 Cennergi 61 60 127 113 ITPC 87 74 175 145 Powerlinks 1

  7. Slide 7: Tata Power (Consolidated) Financial Performance

    Tata Power (Consolidated) Financial Performance Fig in ₹ Cr Particulars Q2FY19 Q2FY18 H1FY19 H1FY18 Qtr Var Remarks Operating Income 7,234 6,610 14,373 12,775 625 Operating Expenses 5,607 5,067 11,149 9,546 (540) Operating Profit 1,627 1,543 3,223 3,229 84 Other Income 105 133 194 277 (29) Due to lo

  8. Slide 8: Tata Power (Standalone) Financial Performance

    Tata Power (Standalone) Financial Performance Fig in ₹ Cr Particulars Q2FY19 Q2FY18 H1FY19 H1FY18 Qtr Var Remarks Operating Income 1,922 1,769 3,674 3,619 153 True-up order of FY15 & FY16 : ₹ 92 cr, Operating Expenses 1,255 1,135 2,527 2,374 (120) Higher cost of fuel Operating Profit 667 634 1,147 1

  9. Slide 9: CGPL : Key Highlights

    CGPL : Key Highlights Fig in ₹ Cr Particulars Q2FY19 Q2 FY18 H1FY19 H1FY18 Qtr Var Remarks Generation (MUs) 5999 7018 11907 12328 (1,019) Sales (MU) 5520 6,468 10,954 11,344 (948) Availability (%) 71% 85% 70% 73% -14% PLF (%) 66% 77% 65% 68% -11% FOB price of coal (USD/T) 64.6 59 63 59 5 Revenue (₹

  10. Slide 10: Coal Business: Key highlights

    Coal Business: Key highlights Coal Company - KPC Q2FY19 Q2 FY18 H1FY19 H1FY18 Coal Mined (MT) 15.8 15.5 30.0 29.7 Coal Sold (MT) 13.0 14.6 27.0 29.0 HBA 94.0 79.0 97.0 82.0 FOB Revenue (USD/T)* 69.2 67.1 67.0 65.6 Royalty (USD/T) 10.0 8.8 9.4 8.7 Net Revenue after royalty (USD/T) 59.2 58.3 57.6 56.9

  11. Slide 11: Coal to Power Generation – An Integrated view

    Coal to Power Generation – An Integrated view Fig in ₹ Cr Generation at Mundra CGPL Q2FY19 Q2FY18 Qtr Var H1FY19 H1FY18 % Revenue 1,624 1,648 (24) 3,079 2,873 -1% EBITDA (14) 66 (80) 7 116 -121% PAT (463) (336) (127) (896) (644) 38% Coal mining, Coal Infra & Shipping Companies Coal & Infrastructure

  12. Slide 12: Maithon Power Limited : Key highlights

    Maithon Power Limited : Key highlights Fig in ₹ Cr Particulars Q2FY19 Q2FY18 H1FY19 H1FY18 Qtr Var Remarks Generation (MUs) 1595 2,112 3,539 4,064 (517) Sales (MU) 1498 1,992 3,341 3,834 (494) Availability (%) 72% 98% 80% 96% -26% PLF % 69% 91% 77% 88% -22% Financials Operating Income 615 646 1,261

  13. Slide 13: Tata Power Delhi Distribution Limited : Key Highlights

    Tata Power Delhi Distribution Limited : Key Highlights Fig in ₹ Cr Key Indicators Q2FY19 Q2FY18 H1FY19 H1FY18 Var Qtr Remarks Generation (Mus) 0.47 0.52 1.09 1.08 (0.05) Purchase (Mus) 2939 2,839 5,783 5,547 (100) Sales (Mus) 2758 2,589 5,358 5,080 169 Revenue Per Unit 7.37 7.50 7.58 7.26 (0.13) Fin

  14. Slide 14: Tata Power Solar Limited : Key Highlights

    Tata Power Solar Limited : Key Highlights Fig in ₹ Cr Particulars Q2FY19 Q2FY18 H1FY19 H1FY18 Qtr Var Remarks Sales deferred due to imposition of Operating Income 313 469 658 1,344 (156) safeguard duty. Operating expense 284 421 603 1,212 137 Due to lower sales and gain on Fx Operating profit 29 48

  15. Slide 15: Tata Power Renewable (Standalone): Key highlights

    Tata Power Renewable (Standalone): Key highlights Fig in ₹ Cr Particulars Q2FY19 Q2FY18 H1FY19 H1FY18 Qtr Var Remarks Capacity (MW) 724 444 724 444 301 Generation (MUs) 409 232 750 468 177 Sales (MU) 398 223 727 454 175 Avg PLF (%) - Solar 19.3% 13.5% 18.8% 14.7% 5.8% Avg PLF (%) - Wind 32.1% 26.3%

  16. Slide 16: Walwhan Renewable : Key highlights

    Walwhan Renewable : Key highlights Fig in ₹ Cr Particulars Q2FY19 Q2FY18 H1FY19 H1FY18 QTR Var Remarks Capacity - Wind (MW) 146 146 146 146 - Capacity - Solar (MW) 862 862 862 862 - Capacity - Total (MW) 1008 1,008 1008 1,008 - Generation (MUs) 417 387 908 856 30 Financials Operating Income 291 275

  17. Slide 17: Renewables – Consolidated View for Q2FY19

    Renewables – Consolidated View for Q2FY19 Fig in ₹ Cr Conso Conso Renewable Key indicators TPREL^ WALWHAN WIND ASSETS* Others EPC# Renewable s (without s (with EPC) EPC) Capacity (MW) 724 1,008 380 104 2,216 2,216 Revenue 195 291 117 44 647 313 960 EBITDA 188 272 106 37 602 29 631 PAT 39 53 59 7 159

  18. Slide 18: Leverage Management - Debt Profile

    Leverage Management - Debt Profile Fig in ₹ Cr PARTICULARS STANDALONE CONSOLIDATED Rupee Forex Total Rupee Forex Total Long term 9,063 - 9,063 23,379 4,673 28,052 Short term 7,128 25 7,153 14,610 2,391 17,001 Current Maturity of LT 1,165 - 1,165 2,752 85 2,837 Total Debt 17,356 25 17,381 40,741 7,14

  19. Slide 19: Regulated - Equity and Assets

    Regulated - Equity and Assets Fig in ₹ Cr Particulars Q2FY19 Q1 FY19 Q4 FY18 Q3 FY18 Q2 FY18 Regulated Equity Mumbai Operation 3,788 3,793 3,927 3,815 3,812 Tata Power Delhi Distribution 1,360 1,348 1,272 1,231 1,225 Maithon Power 1,403 1,388 1,388 1,388 1,444 Powerlinks Transmission 466 466 466 466

  20. Slide 20: 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 ( Arial, Font size 18 Bold) 19

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