Tata Power Company Limited · NSE:TATAPOWER
Tata Power — The Tata Power Company — Q2 FY23 Earnings Presentation
36 slides from Tata Power's earnings presentation, Oct 28, 2022
Slide 1: Financial Results – Q2 FY23
The Tata Power Company Limited Financial Results – Q2 FY23 28th October 2022 1
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
Slide 3: Q2 FY23 Business Highlights
Q2 FY23 Business Highlights
Slide 4: Q2 FY23 Highlights
Q2 FY23 Highlights ➢ TPSSL receives ‘Letter of Award’ worth ₹ 612 crore to set up 100 MW ground mounted project for SJVN in Gujarat. ➢ TPSSL receives ‘Letter of Award’ worth ₹ 596 crore to set up 125 MWp floating solar project for NHDC Limited ➢ Tata Motors and Tata Power have entered into a PPA to
Slide 5: Manifesting a Greener Tomorrow
Manifesting a Greener Tomorrow Water Neutral Net Zero Carbon Zero Waste to Landfill Before 2030 Before 2045 Before 2030 5
Slide 6: Solar Businesses - Quarter Highlights
Solar Businesses - Quarter Highlights Achieved ~100% revenue growth over Q2 FY22 Focusing on Profitable growth Rooftop Solar Solar Pump Revenue (in ₹ crore) Revenue (in ₹ crore) 577 561 241 205 298 111 Q2 FY22 Q2 FY23 Q1 FY23 Q2 FY22 Q2 FY23 Q1 FY23 ➢ Orders of 330 MW won in Q2; 90% orders from C&I
Slide 7: Tata Power EZ Charge
Tata Power EZ Charge Operational Highlights EV Charging Platform Statistics 89700+ Registered Cumulative installation of E-bus charging Users points till Sep 22 - 242. 251K+ Charging Sessions 5,321 home chargers installed in Q2. 13mn+ charging Cumulative installation – 23,834. minutes 2561k+kWh unit
Slide 8: Tata Power Green Energy commissions 225 MW Hybrid power project for TPC-D Mumbai
Tata Power Green Energy Ltd. commissions 225 MW Hybrid power project for TPC-D Mumbai
Slide 9: Solar Utility Scale EPC- Large Projects update
Solar Utility Scale EPC- Large Projects update WELL DIVERSIFIED UTILITY SCALE ORDER BOOK AC Capacity Customer (MW) Tata Power Group 1,360 NTPC 770 NHDC 88 SECI 140 SJVN 1,100 NHPC 340 Total Capacity as on 30th Sep 2022 3,799 Order Book as on 30th Sep 2022 (₹ Cr) 15,261 ➢ Projects totaling 625 MW com
Slide 10: Odisha DISCOMS- Quarter Highlights
Odisha DISCOMS- Quarter Highlights TPCODL TPSODL TPWODL TPNODL On track to achieve Record collection of Collection efficiency More than 90% AT&C loss of 12- ₹451 Crores in Q2 of ~90% achieved. Collection Efficiency 15% by FY 2025 FY 23. achieved in all segments. Reducing AT&C losses= Promising Growt
Slide 11: Q2 FY23 Financial Highlights
Q2 FY23 Financial Highlights
Slide 12: Q2 FY23 Financial Highlights
Q2 FY23 Financial Highlights Fig. in INR Cr Strong all round operational performance across the businesses and higher coal profits, PAT up by 85% YoY Underlying EBITDA Reported EBITDA* (Including Share of JVs & PAT (before exceptional items) Associates) Q1 FY23 Q2 FY23 Q2 FY22 Q1 FY23 Q2 FY23 Q2 FY2
Slide 13: Comfortable debt position for sustainable growth
Comfortable debt position for sustainable growth NET DEBT COME DOWN TO A SUSTAINABLE LEVEL EQUITY INFUSION~ PAVE THE WAY TO ACHIEVE GROWTH TARGET Net Debt 42,343 39,459 39,486 Q2 FY22 Q2 FY23 Q1 FY23 DEBT PROFILE 1.32 Net Debt to Equity v 1.62 in Q2 FY22 Net Debt to Underlying 3.52 EBITDA (on rollin
Slide 14: Installed Generation Capacity as on 30th Sep
Installed Generation Capacity as on 30th Sep 22 GENERATION PORTFOLIO ~ 37% CLEAN & GREEN Clean & Clean and Green Break-up Business Model MW Thermal Green Hydro WHRS/ BFG Wind Solar Captive 429 174 255 255 Merchant 246 246 126 120 PPA/ Fixed Tariff (Bid/ Others) 4,645 4,338 307 307 PPA/ Fixed Tariff
Slide 15: T&D Portfolio and RE Pipeline as on 30th Sep
T&D Portfolio and RE Pipeline as on 30th Sep 22 CURRENT T&D PORTFOLIO LARGE SOLAR PROJECT DEVELOPMENT PIPELINE Transmission Business Model CKM Customer State Capacity (MW) Mumbai Transmission Regulated 1,224 Powerlinks (JV) Regulated 2,328 KSEB RJ 110 Total 3,552 Tata Steel JH 15 Consumers in GUVNL
Slide 16: Q2 FY23 Operational Highlights
Q2 FY23 Operational Highlights Generation - Availability Transmission - Availability 100 99 100 98 99 98 100 99 100 93 92 100 87 88 Powerlinks 100 55 100 28 100 MO - 100 Transmission Thermal (excl. Mundra MO - Hydro Wind Solar 100 Mundra) Plant Load or Capacity Utilization factor AT&C Losses - Distr
Slide 17: Financial Results
TATA POWER Financial Results 17
Slide 18: Consolidated Performance – Q2 FY23
Consolidated Performance – Q2 FY23 INR Cr unless stated Op Income EBITDA^^ PAT Particulars Q2 FY23 Q2 FY22 Q2 FY23 Q2 FY22 Q2 FY23 Q2 FY22 Consolidated before exceptional items 14,163 9,502 2,043 1,732 935 506 Standalone & Key Subsidiaries Tata Power (Standalone) 4,888 2,116 1,683 539 662 (319) MPL
Slide 19: Consolidated Performance – YTD FY23
Consolidated Performance – YTD FY23 INR Cr unless stated Op Income EBITDA^^ PAT Particulars YTD FY23 YTD FY22 YTD FY23 YTD FY22 YTD FY23 YTD FY22 Consolidated before exceptional items 28,939 19,476 4,150 4,097 1,819 971 Standalone & Key Subsidiaries Tata Power (Standalone) 10,158 4,877 2,954 1,944 1
Slide 20: Share of JVs & Associates
Share of JVs & Associates INR Cr unless stated Op Income EBITDA PAT Op Income EBITDA PAT Particulars % Share YTD YTD YTD YTD YTD YTD Q2 FY23 Q2 FY22 Q2 FY23 Q2 FY22 Q2 FY23 Q2 FY22 FY23 FY22 FY23 FY22 FY23 FY22 Coal Companies (KPC, 30% / 5,452 3,112 1,622 1,083 1,096 520 10,278 5,641 3,072 1,766 2,0
Slide 21: Underlying Consolidated EBITDA
Underlying Consolidated EBITDA INR Cr unless stated Particulars Q2 FY23 Q2 FY22 Qtr Var YTD FY23 YTD FY22 YTD Var Reported EBITDA 2,043 1,732 310 4,150 4,097 53 Less: PAT of JV Companies 1,219 623 597 2,022 989 1,034 KPC & BSSR 1,096 520 576 2,092 799 1,292 Coal Infra 39 44 (6) 11 84 (73) Powerlinks
Slide 22: Tata Power (Consolidated) Financial Performance
Tata Power (Consolidated) Financial Performance INR Cr unless stated Particulars (INR Cr) Q2 FY23 Q2 FY22 Qtr Var YTD FY23 YTD FY22 YTD Var Quarter Variance Remarks Operating Income 14,163 9,502 4,661 28,939 19,476 9,463 Higher power prices in distribution business & availability in Mundra Operating
Slide 23: Tata Power (Standalone) Financial Performance
Tata Power (Standalone) Financial Performance INR Cr unless stated Particulars Q2 FY23 Q2 FY22 Qtr Var YTD Q2 FY23 YTD Q2 FY22 YTD Var Quarter Variance Remarks Operating Income 4,888 2,116 2,772 10,158 4,877 5,281 Higher power price in distribution business & availability in Mundra plant Operating E
Slide 24: Maithon Power Limited - Highlights
Maithon Power Limited - Highlights In INR Cr unless stated Particulars Q2 FY23 Q2 FY22 Qtr Var YTD FY23 YTD FY22 YTD VarQuarter Variance Remarks Generation (MUs) 2,031 2,056 (26) 4,030 4,083 (53) Sales (MUs) 2,030 1,977 53 3,989 3,816 174 Availability (%) (Plant) 99% 97% 2% 97% 98% -1% PLF % 88% 89%
Slide 25: Prayagraj Power Generation Co Ltd. (PPGCL) - Highlights
Prayagraj Power Generation Co Ltd. (PPGCL) - Highlights In INR Cr unless stated Particulars Q2 FY23 Q2 FY22 Qtr Var YTD FY23 YTD FY22 YTD Var Quarter Variance Remarks Generation (MUs) 3,353 3,007 346 6,376 6,019 356 Sales (MU) 3,161 2,828 333 6,008 5,668 340 Availability (%) 85.2% 79.6% 5.6% 79.7% 8
Slide 26: Tata Power Delhi Distribution Ltd - Highlights
Tata Power Delhi Distribution Ltd - Highlights INR Cr unless stated Particulars Q2 FY23 Q2 FY22 Qtr Var YTD FY23 YTD FY22 YTD Var Purchase (Mus) 3,258 3,037 -221 6,446 5,308 -1,138 Sales (Mus) 3,049 2,845 204 6,031 4,960 1,071 Revenue Per Unit (INR) 9.60 8.27 1.33 9.96 8.91 1.05 PPC Per Unit (INR) 7
Slide 27: Q2 FY23 Odisha Discoms – Highlights
Q2 FY23 Odisha Discoms – Highlights INR Cr unless stated TPCODL TPSODL TPWODL TPNODL Purchase (Mus) 2,723 1,097 3,403 1,677 Sales (Mus) 2,063 828 2,792 1,337 Revenue per unit (INR) 5.62 6.60 5.72 5.66 Power Cost per unit (INR) 3.24 2.52 3.88 3.46 Actual Technical losses (%) (YTD) 24.1% 24.1% 20.0% 1
Slide 28: Tata Power Renewable Energy (excluding WREL) – Highlights
Tata Power Renewable Energy (excluding WREL) – Highlights INR Cr unless stated Particulars Q2 FY23 Q2 FY22 Qtr Var YTD FY23 YTD FY22 YTD Var Quarter Variance Remarks Capacity - Total (MW) 2,803 1,876 927 2,803 1,876 927 Capacity - Wind (MW) 782 782 0 782 782 0 Capacity - Solar (MW) 2,021 1,094 927 2
Slide 29: Walwhan Renewable Energy Ltd - Highlights
Walwhan Renewable Energy Ltd - Highlights INR Cr unless stated Particulars Q2 FY23 Q2 FY22 Qtr Var YTD FY23 YTD FY22 YTD Var Quarter Variance Remarks Capacity - Total (MW) 1,010 1,010 0 1,010 1,010 0 Capacity - Wind (MW) 146 146 0 146 146 0 Capacity - Solar (MW) 864 864 0 864 864 0 Generation (MUs)
Slide 30: Tata Power Solar Systems Limited – Highlights
Tata Power Solar Systems Limited – Highlights INR Cr unless stated Particulars (INR Cr) Q2 FY23 Q2 FY22 Qtr Var YTD FY23 YTD FY22 YTD Var Quarter Variance Remarks Operating Income 1,135 1,515 -380 2,488 3,464 -976 Operating expenses 1,011 1,438 427 2,351 3,329 978 Operating profit 124 77 48 137 135
Slide 31: Green Company – Consolidated View
Green Company – Consolidated View Key Parameters- GreenCo (INR Cr) Q2 FY23 Q2 FY22 Revenue 1,603 1,495 EBITDA 736 707 PAT 128 161 Gross Debt 17,193 14,195 Net Debt 15,033 13,733 Net Worth 11,841 6,708 Note: EBITDA includes other income 31
Slide 32: Regulated - Equity and Assets
Regulated - Equity and Assets INR Cr unless stated Particulars Q2 FY 23 Q1 FY 23 Q4 FY 22 Q3 FY 22 Q2 FY 22 Regulated Equity Mumbai Operation 4,380 4,370 4,377 4,243 4,212 Jojobera 522 522 522 522 522 Tata Power Delhi Distribution (100%) 1,846 1,839 1,831 1,769 1,764 TP Central Odisha Dist Ltd (100%
Slide 33: Tata Power- Debt Profile
Tata Power- Debt Profile INR Cr unless stated CONSOLIDATED PARTICULARS Q2 FY23 Q1 FY23 Q2 FY22 Rupee Forex Total Total Total Long term 26,206 3,391 29,597 30,014 27,854 Short term 10,010 1,798 11,808 11,007 10,383 Current Maturity of LT 8,130 - 8,130 8,672 7,275 Total Debt 44,346 5,189 49,535 49,693
Slide 34: Key Segments-Debt Profile
Key Segments-Debt Profile Gross Debt (INR Cr) Company 30th Sep 30th June Change- Change - Quarterly movement Remarks 30th Sep 2021 2022 2022 3 months 12 months Coal SPVs + TPIPL 5,189 4,676 (514) 4,084 (1,105) Additional loan in lieu of dividend TPDDL 2,721 2,831 110 2,805 84 WREL 3,760 3,971 210 4,
Slide 35: Latest Tata Power resources uploaded on website
Latest Tata Power resources uploaded on website Sr. No. Resources Link 1. Tata Power ESG Profile https://esg.churchgatepartners.com/login/CompanyProfile?id=3100 38003100240024004100530048004F004B0041004E0041004E005900 41004100560041004E004900410053004800570049004E00490024002 400 2. Tata Power Integr
Slide 36: Thank You!
Thank You! Website: www.tatapower.com Investor Relations Team: Mr. Soundararajan Kasturi Mr. Rajesh Lachhani Chief – Treasury & Investor Relations Head – Investor Relations Email: kasturis@tatapower.com Email: rajesh.lachhani@tatapower.com M: +91 82912 04022 M: +91 9742947821 36
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