Power Grid Corporation Of India Limited · NSE:POWERGRID
Power Grid Corporation Of India — FY2019-20 Earnings Presentation
26 slides from Power Grid Corporation Of India's earnings presentation, Jun 23, 2020
Slide 1: NSE filing cover letter under Regulation 30
CIN: L40101DL1989GOI038121 C/COS/Listing/NSE/ Dt: 23.06.2020 The GM (Listing) National Stock Exchange of India Ltd., Exchange Plaza, Plot No.C/1, G Block, Bandra Kurla Complex, Bandra (East), Mumbai. Ref: Symbol: POWERGRID; Series: EQ; ISIN: INE752E01010 Dear Sir, Sub: Regulation 30 of the SEBI (Lis
Slide 2: Analyst Presentation Annual Results FY19-20
Analyst Presentation Annual Results FY19-20 June 22, 2020 A constituent of NSE: POWERGRID BSE: 532898 1
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: Outline
OUTLINE FY2019-20 MAJOR HIGHLIGHTS POWERGRID OVERVIEW & TBCB PORTFOLIO OVERVIEW PROJECT EXECUTION HIGHLIGHTS ASSET MANAGEMENT HIGHLIGHTS FINANCIAL HIGHLIGHTS OTHER BUSINESSES HIGHLIGHTS BUSINESS OUTLOOK IMPACT OF COVID RESPONSE TO COVID & LOCKDOWN 3 Maharatna CPSE
Slide 5: FY2019-20 Major Highlights
FY2019-20 Major Highlights New Identity Guidance Met Major Projects completed • Maharatna • Capex • ±800kV HVDC WR-NR • New Logo • Capitalization • GEC- ISTS portion incl. 11 REMCs • PSITSL (TBCB) New Order Intake Global Outreach Events Hosted (₹ 13,414 crore) • Uganda – New Country • 6th GRIDTECH (
Slide 6: POWERGRID Overview
POWERGRID Overview GoI Holding Central Listed Company 3rd Largest CPSE in Owns >85% India’s Maharatna CPSE 51.34% Transmission M-Cap Rs.89,643 India (Gross ISTS2 (31st Mar’20) Utility crore1 Block)3 1-Based on BSE closing price of ₹171.35/ share on Jun 18, 2020 2- Based on Annual Tr. Charges billed
Slide 7: TBCB Portfolio Overview
TBCB Portfolio Overview No. of Projects (19) ALTC (₹2,973 cr.)* Size(> ₹24,000 cr.)# U/ Constn. U/ Constn. (ISTS), 7 U/ Constn. (ISTS), (ISTS), 1,109 Operation 9,000 Operational al (ISTS), Operational (ISTS), 1,523 12,352 (ISTS), 8 U/ Constn. U/ Constn. U/ Constn. (InSTS), (InSTS), (InSTS), 4 341 3,
Slide 8: Project Execution Performance Capex & Capitalisation
Project Execution Performance Capex & Capitalisation Capex (₹ 15,313 cr.) 11,678 3,635 Capitalisation Guidance (₹ 18,234 cr.) 15,303 2,931 exclusive of FERV Successfully Met RTM TBCB Capitalisation in Q4FY20: Consol.: ₹ 7,317 crore; Standalone: ₹ 4,639 crore Capex in Q4FY20: Consol.: ₹ 4,828 crore;
Slide 9: Major Assets Commissioned in FY20
Major Assets Commissioned in FY20 Transmission Lines Sub-stations Inter-Regional •Pole III; Pole IV of ±800kV Champa – • Bhadla • Pole III; Pole IV of Kurukshetra HVDC • Bikaner ±800kV Champa – • Madhugiri – Yelhanka • Chilakaluripeta Kurukshetra HVDC • Edamon (KSEB) - Muvattupuzha (PG) (TBCB- PSITS
Slide 10: ±800kV HVDC Raigarh-Pugalur line Update
±800kV HVDC • Pole-I & II Raigarh- Low Power Testing completed Pugalur line High Power Testing to commence shortly Update Bipole-I Bipole-II & VSC ~ Rs.10,000 crore ~ Rs.6,000 crore Balance Portion Transmission System Completion Progress Bipole-I & associated AC lines Bipole I completed. AC line
Slide 11: Operational Performance
Operational Performance 0.46 99.85 99.82 99.82 0.39 99.71 0.09 Automation & web-enabled 0.07 Technologies Driving Efficiencies….. Q4FY19 Q4FY20 FY19 FY20 Q4FY19 Q4FY20 FY19 FY20 Availability(%) Reliability (Tripping per line) Asset Health Indexing Installation of Travelling Patrolling of NTAMC Softw
Slide 12: Financial Performance
Financial Performance Standalone Subsidiaries Consolidated 58% 7.6% 1,667 8.4% 38,318 38,671 35,618 35,661 1,057 Sustained 8.8% 91% 11,059 10.2% 9,939 10,811 10,034 Performance..... 193 368 Sustained Shareholder Returns Income PAT Income PAT Income PAT Dividend ₹ 10 per Share (100% on FV of ₹ 10) To
Slide 13: Financial Performance
Financial Performance Standalone Consolidated Description Growth Growth (Year ended) (Year ended) 31.03.20 31.03.19 (%) 31.03.20 31.03.19 (%) Income - Transmission Charges 34,877 32,845 6% 36,532 33,894 8% - Consultancy – Services 611 611 0% 514 502 2% - Telecom 698 663 5% 698 663 5% - Other Income
Slide 14: Financial Highlights
Financial Highlights Consolidated Standalone Description As on 31.03.2020 As on 31.03.2019 As on 31.03.2020 As on 31.03.2019 Gross Fixed Assets 2,27,543 2,07,215 2,15,191 1,97,793 Capital Work-in-Progress 35,933 38,827 30,972 34,635 Debt 1,45,270 1,42,076 1,44,980 1,41,786 Net Worth 64,695 59,088 64
Slide 15: Other Key Financial Information
Other Key Financial Information (₹ in crore) FY20 FY19 Surcharge Income (Consol.) 309 203 Funds Mobilised FY20 Incentive (Consol.) 427 217 Debt 10,326# Int. from Subsidiaries & JVs 934 762 Internal Resources 4,682 Dividend from Subsidiaries 228 87 Grant 305 Dividend from JVs 69 58 Total 15,313 CSR E
Slide 16: Commercial Performance
Commercial Performance Collection in FY20 Realization Billing in FY20 (incl. arrears) (incl. arrears) ₹36,881 crore ₹36,882 crore 100% Outstanding As on 31.3.2020 As on 18.6.2020 >45 days • ~₹ 2,033 crore • ~₹ 5,371 crore Almost half (~49%) of the total O/S attributable to Uttar Pradesh, J&K, Telang
Slide 17: Telecom & Consultancy Performance
Telecom & Consultancy Performance (₹ in crore) Income from Telecom & Consultancy FY19 FY20 663 698 3% 514 502 Telecom & Consultancy Diversifications Share in contributing to margins Total Income Telecom Consultancy Income from International Business in FY20 ~ ₹ 50 crore equi. 16 Maharatna CPSE
Slide 18: Consultancy Performance
Consultancy Performance Domestic • 31 new assignments in FY20 • > 80 ongoing assignments (end FY20) • Clientele: State Power Utilities, CPSEs, RE Developers, NHAI, Railways etc. International • 10 new orders in FY20 • 14 ongoing assignments (end-FY20) • Nepal; Bangladesh; Kenya; Uganda (1st ever ass
Slide 19: Telecom Performance
Telecom Performance New Orders Exploring New • >125 Orders in FY20 Opportunities • Clients: Govt. Deptts., PSUs, State Govts., Telecom Operators, IT Companies, Corporates, etc. Telecom Tower Business with Network (as on 31.3.2020) solution for Green & Clean Power • ~ 67,000 km Fibre Optic Network (i
Slide 20: New Opportunities in Other Related Businesses
New Opportunities in Other Related Businesses Energy Management • MoU signed with IIT Roorkee – 3 Campuses to be made Energy Efficient; On campus W2E Plant • MoUs with Energy Mgmt Centre Kerala & NIT Warangal to provide sustainable energy solutions • Energy Management works to be undertaken through
Slide 21: Sectoral Growth Drivers
Sectoral Growth Drivers Substantially low per capita electricity consumption in India vis-a-vis- global average and target to enhance it to 2984 units (i.e. 2.5x) by 2040 GoI’s long term plan of increasing electricity share in energy to 26% by 2040 from 17% in 2016 GoI’s thrust on RE Capacity (175 G
Slide 22: FY21 Capex Plan ₹ 10,500 crore
Projects in Hand (as on March 31, 2020) Ongoing Projects ~ ₹ 34,000 crore FY21 Capex Plan New Projects ~ ₹ 6,000 crore ₹ 10,500 crore TBCB Projects ~ ₹ 12,000 crore Total Works in ~ ₹ 52,000 crore Hand Immediate Upcoming Opportunities • Transmission Works for RE: ~Rs.23,000-24,000 crore works envisa
Slide 23: Projects under Bidding
Projects under Bidding 14 Projects Inter-State: 20 Projects Transmission for RE Estimated Cost: ~ ₹ 16,000 crore 6 Projects Estimated Cost Jharkhand - 4 ₹ 23,400 crore Intra-State: MP - 2 Jharkhand & MP Estimated Cost - ₹ 7,400 crore Jharkhand - ₹ 5,400 crore MP - ₹ 2,000 crore RfQ/ RfP subm
Slide 24: Impact of Covid
Impact of Covid Significant portion of working season lost due to lockdown. Work progressively resumed at many of the sites with available manpower. Impact of State/local administrations not permitting resumption of work Covid due to local situation. Local residents unwilling to let labour fro
Slide 25: POWERGRID's Response to Lockdown & Covid19
POWERGRID’s Response to Lockdown & Covid19 Transmission as Essential Service- Employee Health & Safety Care for Customers- • Continued Operations as per guidelines and • Work from Home & Working with skeletal • No coercive measures for realization protocols staff during Lockdown • Assisting States w
Slide 26: Thank you
Thank you 25 Maharatna CPSE
Power Grid Corporation of India — FY2019-20 Earnings Presentation on 6ix