Tata Power Company Limited · NSE:TATAPOWER
Tata Power — The Tata Power Company — Q4 FY2016 Earnings Presentation
27 slides from Tata Power's earnings presentation, May 2016
Slide 1: Analyst Call May 2016
` Presentation Title (Company The Tata Power Arial, Font sizeLtd. 28 ) Date, Venue, etc ..(Analyst Call Arial, Font – 24 size th 18 ) May, 2016 …Message Box ( Arial, Font size 18 Bold)
Slide 2: Disclaimer
Disclaimer Certain statements made in this presentation may not be based on historical information or facts and may be “forward looking statements”, including those relating to The Tata Power Company Limited’s general business plans and strategy, its future outlook and growth prospects, and future d
Slide 3: Q4 FY2016 Financials - Snapshot
Q4 FY2016 Financials - Snapshot All figures in Rs cr PAT Op. Income EBITDA Particulars (Before Exceptional Items) Q4 FY16 Q4 FY15 Q3 FY16 Q4 FY16 Q4 FY15 Q3 FY16 Q4 FY16 Q4 FY15 Q3 FY16 Tata Power-Standalone 2,044 2,165 2,065 740 833 731 278 213 199 Tata Power-Consolidated 9,626 8,240 8,728 2,137 1,
Slide 4: FY2016 Financials - Snapshot
FY2016 Financials - Snapshot All figures in Rs cr PAT Op. Income EBITDA Particulars (Before Exceptional Items) FY16 FY15 FY16 FY15 FY16 FY15 Tata Power-Standalone 8438 8678 3215 3139 998 1010 Tata Power-Consolidated 36461 34035 8070 7357 1154 168 Key Subsidiaries CGPL (Mundra UMPP) 5819 5894 1164 88
Slide 5: Details of Borrowings
Details of Borrowings Rs cr Particulars FY16 FY15 FY14 Standalone Debt (Gross) 11258 11037 11080 Rupee Loans 10437 10308 7938 Foreign Currency Loans 822 729 817 Current Maturities of Long Term Debt 738 477 2325 Consolidated Debt 40120 40842 40173 Rupee Loans 24122 28090 24247 Foreign Cur Loans 15998
Slide 6: Key Business Highlights
Key Business Highlights …Message Box ( Arial, Font size 18 Bold)
Slide 7: CGPL and Coal Business: Key highlights
CGPL and Coal Business: Key highlights CGPL Q4 FY16 Q4 FY15 Q3 FY16 FY16 FY15 Generation (MUs) 6,919 6,958 6,497 25,680 26,578 Sales (MU) 6,394 6,418 5,996 23,679 24,502 Availability (%) 87% 92% 81% 80% 80% FOB price of coal (USD/T) 43 51 45 47 53 Revenue (₹ /Unit) 2.52 2.55 2.50 2.54 2.45 Under Rec
Slide 8: Regulated Equity & Assets
Regulated Equity & Assets Regulated Equity (Rs Cr) Q4 FY16 Q4 FY15 Q3 FY16 TPDDL 1,211 1,142 1,197 Mumbai Operations 3,632 3,389 3,507 Total 4,843 4,531 4,704 Regulatory Asset (Rs Cr) Q4 FY16 Q4 FY15 Q3 FY16 TPDDL 4,720 5,358 4,471 Mumbai Operations 1,721 2,222 1,649 Total 6,441 7,580 6,120 …Message
Slide 9: Tata Power Renewable: Key Highlights
Tata Power Renewable: Key Highlights Operating and Planned Capacity Capacity (MW) Operating Capacity 294 -Wind 240 -Solar 54 Projects Under Execution 495 Wind Projects 250 Solar Capacity Bids Won 245 Renewable Asset Under Carve-out process ~ 500 Total Capacity 1,289 Rs cr Financials FY16 Operating I
Slide 10: International Projects: Updates
International Projects: Updates Shuakhevi Hydro , South Africa, Wind ITPC Zambia, Hydro Project-> Georgia(185 MW) (134 + 95 = 229 MW) (120 MW) Clean Energy (40%) + Exxaro (50%) – A SA based JV Partner(s) ZESCO (50%) IFC (20%) mining group Tata Power’s stake 40% 50% 50% US$400 mn for the first ~USD 4
Slide 11: Variance Analysis – Standalone: Q4 FY2016 vs. Q4 FY2015
Q4 FY2016 vs. Q4 FY2015 Variance Analysis – Standalone …Message Box ( Arial, Font size 18 Bold)
Slide 12: Q4 FY2016 Operational Highlights – Standalone
Q4 FY2016 Operational Highlights – Standalone Q4 FY2016 Q4 FY2015 Variance Gross generation (MUs) up by 5% 2716 2596 120 • Generation in Mumbai Operations (MUs) is higher 6% 1703 1601 102 • Higher generation in Trombay • Generation outside Mumbai Operations (MUs) up by 2% 1013 995 18 • Higher genera
Slide 13: Q4 FY2016 Financial Highlights – Standalone
Q4 FY2016 Financial Highlights – Standalone (All figs. in Rs Cr) Q4 FY2016 Q4 FY2015 Variance Net Revenue down by 9%[1] 1693 1865 (172) • Lower revenue due to lower fuel and Power Purchase Cost in MO Other Operating Income up by 17% 351 300 51 • Increase in revenue from SED and Services Cost of Powe
Slide 14: Q4 FY2016 Financial Highlights – Standalone
Q4 FY2016 Financial Highlights – Standalone (All figs. in Rs Cr) Q4 FY2016 Q4 FY2015 Variance Profit from operations before other income, finance cost and tax up by 456 429 27 6% Other Income (including gain/(loss) on exchange) down by 53% 115 246 (131) • Lower due to waiver of CGPL interest • Highe
Slide 15: Variance Analysis – Standalone: vs. FY2015
FY2016 vs. FY2015 Variance Analysis – Standalone …Message Box ( Arial, Font size 18 Bold)
Slide 16: FY2016 Operational Highlights – Standalone
FY2016 Operational Highlights – Standalone FY2016 FY2015 Variance Gross generation (MUs) 12075 11974 101 • Generation in Mumbai Operations (MUs) up by 3% 7707 7461 246 • PY had forced outage of Unit # 7 & Unit # 5 • Lower generation at Hydro due to Water Restrictions • Generation outside Mumbai Oper
Slide 17: FY2016 Financial Highlights – Standalone
FY2016 Financial Highlights – Standalone (All figs. in Rs Cr) FY2016 FY2015 Variance Net Revenue down by 4%[1] 7551 7874 (323) • Lower fuel and power purchase cost as compared to PY Other Operating Income up by 10% 887 803 84 • On account of increase in Revenue from Services and SED Cost of Power Pu
Slide 18: FY2016 Financial Highlights – Standalone
FY2016 Financial Highlights – Standalone (All figs. in Rs Cr) FY2016 FY2015 Variance Profit from operations before other income, finance cost and tax up by 2052 1587 465 29% Other Income (including gain/(loss) on exchange) down by 49% 497 976 (479) • Lower due to waiver of CGPL interest • PY had FD
Slide 19: Variance Analysis – Consolidated: vs. FY2015
FY2016 vs. FY2015 Variance Analysis – Consolidated …Message Box ( Arial, Font size 18 Bold)
Slide 20: Q4 FY2016 Financial Highlights – Consolidated
Q4 FY2016 Financial Highlights – Consolidated (All figs. in Rs Cr) Q4 FY2016 Q4 FY2015 Variance Revenue up by 17%[1] 9626 8240 1386 • Higher revenue due to higher volume of sale in TPTCL • Higher revenue in TPDDL • Higher Revenue in TPIPL and Tata Power Solar Partly Offset by • Lower revenue in Tata
Slide 21: Q4 FY2016 Financial Highlights – Consolidated
Q4 FY2016 Financial Highlights – Consolidated (All figs. in Rs Cr) Q4 FY2016 Q4 FY2015 Variance Transmission Charges down by 52% 52 118 (66) • Reduction in Tata Power standalone based on Tariff Order Cost of Components up by 28% 186 146 40 • Higher operations in SED Raw Material Consumed up by 144%
Slide 22: Q4 FY2016 Financial Highlights – Consolidated
Q4 FY2016 Financial Highlights – Consolidated (All figs. in Rs Cr) Q4 FY2016 Q4 FY2015 Variance Profit from Operations before other income, finance costs, 1572 1408 164 exceptional items and tax up by 12% Other income (including gain/(loss) on exchange) (27) (12) (15) • Lower interest income Finance
Slide 23: Variance Analysis – Consolidated: vs. FY2015
FY2016 vs. FY2015 Variance Analysis – Consolidated …Message Box ( Arial, Font size 18 Bold)
Slide 24: FY2016 Financial Highlights – Consolidated
FY2016 Financial Highlights – Consolidated (All figs. in Rs Cr) FY2016 FY2015 Variance Revenue up by 6%[1] 36461 34367 2094 • Higher sales volume in TPTCL • Higher sales volume in TPSSL Partly Offset by • Lower coal revenues • Lower in TPDDL due to lower power purchase cost • Lower in Tata standalon
Slide 25: FY2016 Financial Highlights – Consolidated
FY2016 Financial Highlights – Consolidated (All figs. in Rs Cr) FY2016 FY2015 Variance Transmission Charges down by 40% 282 467 (185) • Reduction in Tata Power standalone due to Tariff Order Raw Material Consumed up by 63% 1134 698 437 • Increase in sales volume of Tata Power Solar Cost of Component
Slide 26: FY2016 Financial Highlights – Consolidated
FY2016 Financial Highlights – Consolidated (All figs. in Rs Cr) FY2016 FY2015 Variance Profit from Operations before other income, finance costs, 5615 4766 848 exceptional items and tax up by 18% Other income (including gain/(loss) on exchange) 79 417 (338) • PY had forex gain in coal companies • Wa
Slide 27: Investor Relations Contact
Website: www.tatapower.com Email ID: investorrelations@tatapower.com Investor Relations Team Kasturi S / Anand Agarwal Corporate Treasury & IR Tel : +91 22 6717 1345 / 1332 …Message Box 26 ( Arial, Font size 18 Bold)
The Tata Power Company — Q4 FY2016 Earnings Presentation on 6ix