Jsw Energy Limited · NSE:JSWENERGY
Jsw Energy — Q1 FY2012 Earnings Presentation
37 slides from Jsw Energy's earnings presentation, July 2011
Slide 1: Lighting up the Future
Energy Q1 FY 2012 Lighting up the Future 1
Slide 2: Agenda
SECTOR UPDATE KEY HIGHLIGHTS FINANCIAL RESULTS PROJECT UPDATE STRATEGIC PRIORITIES SITE PHOTOGRAPHS 2
Slide 3: India: World's 6th largest energy consumer yet a power deficit country
Capacity Buildup (GW) Peak Demand/Supply (GW) Q1 FY 12 India: World’s 6th largest energy Deficit in power availability is a significant consumer yet a power deficit country impediment to economic growth Source: CEA, CIA 3
Slide 4: Target v/s Achievement and Total Capacity
Target v/s Achievement (GW) Q1 FY 12 Total Capacity (GW) as at June 30, 2011 Total Capacity : 177 GW Source: CEA 4
Slide 5: Established power company with profitable operations since inception in FY 2000
240 MW 270 MW 810 MW Kutehr 270 MW 1,620 MW Established power company with profitable operations since Barmer inception in FY 2000 Jharkhand West Bengal Chhattisgarh 1,620 MW 1,320 MW - Operating capacity capacity‐‐ Current: 2,030 MW Ratnagiri 900 MW Vijayanagar 300 MW Operational Projects under o
Slide 6: | =t | \ | a yh t =z ~«t be ¢ a Ci
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Slide 7: Capacity Growth and Volume Growth
Capacity Growth (MW) Volume Growth(Million kwh) 33 % 104 % 283 % 251 % 7
Slide 8: QoQ Net Generation (Million kwh)
QoQ Net Generation (Million kwh) 8
Slide 9: Sales Mix and Realisation
Sales Mix ( Million kwh) 1,827 2,422 672 573 1,254 1,750 Realisation ` per kwh Q1 FY 2011 Q1 FY 2012 Merchant Realisation 5.79 5.27 Long Term Realisation 3.51 3.49 Average Realisation 5.08 4.78 9
Slide 10: Financial Results
A 00 FINANCIAL RESULTS
Slide 11: Quarterly Financial Results: Total Income, EBITDA, PAT
922 Total Income (` Crores) 1,199 495 EBITDA (` Crores) 426 54 % EBITDA (%) 36 % 59 I t Interest t (` Crores) C ) 105 38 Depreciation (` Crores) 84 398 PBT (` Crores) 238 327 PAT (` Crores) C ) 190 2.00 EPS (`) (Not Annualised) 1.16 11
Slide 12: Financial Results (Consolidated)
963 Total Income (` Crores) 1,294 483 EBITDA (` Crores) 415 50 % EBITDA (%) 32 % 74 I t Interest t (` Crores) C ) 134 47 Depreciation (` Crores) 105 362 PBT (` Crores) 177 299 PAT (` Crores) C ) 136 1.82 EPS (`) (Not Annualised) 0.83 12
Slide 13: Net Worth, Debt and Net Fixed Assets
Net Worth (` Crores) 5,676 5,806 Debt (` Crores) 9,638 9,722 Net Fixed Assets (` Crores) * 14,129 14,556 Debt Equity Ratio (Times) 1.70 1.67 Weighted Average Cost of Debt 11.02 % 11.04 % *Including CWIP 13
Slide 14: Gross Proceeds received from IPO
Project Actual Amount Utilisation Utilisation as Spent upto per Prospectus June 30, 2011 Part Finance for Identified Projects, Share Issue Expenses & General 2230 1,681 Corporate Purpose Repayment of Corporate Debt 470 470 Unutilised Amount invested in MF/ Bank FD/ Utilised for 549 reduction of Ov
Slide 15: Project Updates
PROJECT UPDATES a lh
Slide 16: Project Details Status Update
Project Details Status Update Gross Capacity 1,080 MW (8 x 135) •Unit III synchronised in May 2011 Technology Subcritical Captive Lignite based TPP •Unit IV synchronised in July 2011 FSA with BLMCL (49% JV) for supply Fuel Linkage of lignite from captive lignite mines of BLMCL Water Allocation from
Slide 17: Project Details Status Update
Project Details Status Update bi Gross Capacity 1200 MW (4 x 300) •Unit III COD on May 9, 2011 Technology h l S b i i l Imported Subcritical dCCoall based b d TPP •Unit U it IV commissioning i i i in i August A t 2011 Fuel Linkage Imported coal Water W t MIDC + Sea Water Allocation 300 MW to MSEDCL
Slide 18: Project Details Status Update
Project Details Status Update Gross Capacity 1620 MW • Land in possession 1,320 MW Supercritical; 300 MW •PPA signed with WBMTDC for 25% of Technology Subcritical Domestic coal based 1320 MW of power proposed to be TPP enahanced to 40% 74 % JSWEL •Agreement executed for coal raising & Share H
Slide 19: Project Details Status Update
Project Details Status Update • PPA signed with GoCG for 35% of Gross Capacity 1,320 MW (2 x 660) power •EIA report submitted to MOEF Supercritical domestic coal based Technology TPP •Water allocation obtained 11% interest in coal block jointly •Topography survey and geo geotechnical technical Fue
Slide 20: Project Details Status Update
Project Details Status Update •Techno T h E Economic i Clearance Cl f from CEA Gross Capacity 240 MW (3 x 80) received •MOEF accorded Forest stage I clearance & Environment clearance Technology Run of the river Hydropower Runoftheriver •Technical & commercial bid under evaluation Water Ravi River
Slide 21: Project Details Status Update
Project Details Status Update Gross Capacity 660 MW (1 x 660) • Land identified Technology Super critical coal based TPP •TOR cleared by MOEF Imported coal / Domestic linkage •Plant layout finalised Fuel Linkage coal •DPR under preparation Water Source Almatti Dam •Geo technical survey in progress M
Slide 22: Project Details Status Update
Project Details Status Update Gross Capacity 270 MW (2 x 135) • Land in possession Subcritical Captive lignite based Technology TPP •Applied for coal linkage •Government consent awaited Fuel Linkage Applied to Ministry of Coal Water Allocation from IGNP Allocation Short Term power purchase Power Off
Slide 23: Project Details Status Update
Project Details Status Update Gross Capacity 3 200 MW (4 x 800) 3,200 •Substantial S b i l land l d in i possession i Supercritical imported coal based Technology •In the process of obtaining TPP necessary consents and approvals Letter of support from Government A h i Authority of Maharashtra Fuel
Slide 24: Project Details Status Update
Project Details Status Update Gross Capacity 165 Km, 400 KV Transmission •Entire Jaigad – Koyna Line successfully charged Double Circuit Quad Moose T h l Technology Conductor Line •Jaigad – Karad: •Tower Foundations: 100% Procurement Orders placed •Tower Erection: 99% •Stringing: Stringing: 94% ` 57
Slide 25: Project Details Status Update
Project Details Status Update • Blade production commenced Gross Capacity 3GW Steam Turbine Generators •Building & Equipment Warehouse completed Super critical steam turbines of gy Technology size 5001000 500 1000 MW Total project completion 92% •Total Procurement All orders placed •Main plant comp
Slide 26: Status Update
Status Update BLMCL Kapurdi Mine BLMCL Lignite seam exposed Over 56 million cubic metre of overburden removed MOEF Clearance received BLMCL Jalipa Mine Mine development plan approved Land acquisition under progress; Entire price deposited MJSJ Coal Public hearing completed Land acquisition under p
Slide 27: SACMH Status Update
SACMH Status Update Umlabu & Ilanga (Wit Bank Region), South Location •Coal production commenced Africa •Raw Coal produced during Q1 FY Control 59 49 % Equity holding 59.49 2012: 186,879 , tonnes •Wash plant upgradation completed • Richard’s Bay Coal Terminal Entitlement Attractive for 0.5 MTPA Fea
Slide 28: Strategic Priorities
Ensure Fuel Security Create a Prudent mix of Smooth world class power Integration of all POWER off‐ take verticals erticals of the Utility arrangements Power Sector Capitalise on opportunities offered by the sector 28
Slide 29: Plant Overview
Plant Overview 29
Slide 30: Control Room, Cooling Towers
Control Room Cooling Towers 30
Slide 31: Control Room - Unit III & IV
RATNAGIRI POWER, PROJECT Control Room - Unit III & IV
Slide 32: Turbine Generator IV, Turbine Generator III
Turbine Generator IV Turbine Generator III 32
Slide 33: Tower Stringing
Tower Stringing ba | Wi Sasa
Slide 34: Plant Overview
Plant Overview 34
Slide 35: Plant Overview
Plant Overview
Slide 36: Forward-looking statements
Certain statements in this report p concerningg our ffuture ggrowth pprospects p are fforward looking g statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The risk and uncertainties relati
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