Ge Power India Ltd. · NSE:GVPIL
Ge Power India — Q3 FY2021-22 Earnings Presentation
21 slides from Ge Power India's earnings presentation, Feb 10, 2022
Slide 1: Exchange filing cover letter for earnings call presentation
GE Power India Limited CIN-L74140MH1992PLC068379 Corporate Office: Axis House, Plot No 1-14, Towers 5 & 6, Jaypee Wish Town, Sector 128 Noida Uttar Pradesh - 201301 T +91 0120 5011011 F +91 0120 5011100 www.ge.com/in/ge-power-india-limited 10 February 2022 To, To, The Manager Listing, The Manager Li
Slide 2: Earnings presentation Q3 FY2021-22
GE POWER INDIA LIMITED Earnings presentation Q3 FY2021-22 February 10, 2022 Disclaimer • This presentation has been prepared solely for the use at analyst/ investor presentation. By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by
Slide 3: Agenda
Agenda • Safety update • Q3 highlights • Financials • GEPIL Vision, Opportunities & Readiness • GE Corporate update • Q&A © 2022 GE Power India Limited - All rights reserved 2
Slide 4: Safety update: Q3 FY2021-22
Safety update: Q3 FY2021-22 EHS Performance Safety awards GEPIL EHS Performance-12MR Fatalities 0 Total Hours worked 24M Best Contractor award , Best contractor Worker Safety award, Onsite Training, Testing and Certification of Construction Workers Best Contractor Safety Supervisor award and Best GE
Slide 5: Q3 FY2021-22 highlights
Q3 FY2021-22 highlights Project execution/ wins Corporate Social Responsibility New order win to supply WFGD system to Local repair followed by all required testing of for 2X600 MW Anuppur TPP, from Apollo International Limited for MB Power Stator/Rotor for Jaypee Bina thermal power plant Community
Slide 6: Financials Q3 FY2021-22
GE Power India Limited Financials Q3 FY2021-22 5
Slide 7: Orders: Q3 FY2021-22
Orders: Q3 FY2021-22 ₹ Million FGD 2,647 • Order received for Annupur (1.2GW) 2,216 • Maintaining market share ~22% • Market ordering improved in Q3 (5.4GW) against (2.3GW) in H1 of 2021-22 • Ordering have started to ease out after notification of plant categorization. Services • Key upgrade orders-
Slide 8: Business mix: Q3 FY2021-22
Business mix : Q3 FY2021-22 Change in order mix composition New build vs Services EPC vs non-EPC Govt. vs Private 100% 28% 47% 56% 100% 100% 100% 72% 53% 44% Q3 Q3 Q3 Q3 Q3 Q3 FY2020-21 FY2021-22 FY2020-21 FY2021-22 FY2020-21 FY2021-22 Services New build non-EPC EPC Pvt. Govt. % Orders mix scaled to
Slide 9: Revenues: Q3 FY2021-22
Revenues: Q3 FY2021-22 ₹ Million • Significant revenue from FGD execution 10,930 • Site ramp-up challenges at FGD sites 7,571 • Backlog MINR 39,809 quarter ending Q3 Q3 Q3 FY2020-21 FY2021-22 © 2021 GE Power India Limited - All rights reserved 8
Slide 10: Profit Before Tax (PBT): Q3 FY2021-22
Profit Before Tax(PBT): Q3 FY2021-22 ₹ Million • ~MINR 522 : Restructuring-Durgapur VRS 430 • ~MINR 123 : Shahabad plant & machinery impairment. Q3 Q3 FY2020-21 FY2021-22 • ~MINR 131 : Margin Impact due to lower sales -462 • ~MINR 240 : FGD Project cost updates © 2021 GE Power India Limited - All ri
Slide 11: GEPIL Vision & Opportunities
GE Power India Limited GEPIL Vision & Opportunities 10
Slide 12: GEPIL Vision & Opportunities
GEPIL Vision & Opportunities What How we deliver Enabling our customers achieve Energy With a broad portfolio of ESG technologies, service capabilities & strong servicing & execution Transition towards Sustainable, Reliable, capabilities & references: Affordable, Cleaner Energy & Decarbonized Future
Slide 13: Capacity addition trends - India
Capacity addition trends- India ~35GW/yr. RE capacity addition needed for the 500GW target -‘2030 YoY: Capacity addition in GW COAL RE 20.5 19.4 18.2 15.1 GW 11.8 11.3 9.4 8.6 7.4 7.0 7.4 4.0 6.9 3.0 5.1 4.5 4.1 3.6 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 Source: CEA
Slide 14: Changing energy mix - India
Changing energy mix- India transition towards renewables –supported by conventional sources Electricity generation mix - TWh 2500 32% 2000 4% 1500 8% 10% 2% TWh 4% 11% 1000 3% 500 72% 54% 0 Present level COAL GAS Hydro Nuclear Renewables 2030 Source: CEA, NEP, NPP 13 © 2021 General Electric Company
Slide 15: GEPIL strongly placed to support India Energy Transition & Sustainability Journey
GEPIL-Strongly paced to support India Energy Transition & Sustainability Journey 2-pronged Approach for Bridging the Sustainability Path Making current coal base less GEPIL A polluting & more efficient A B India SDG & Heavily Coal ESG Reliant Drive pollution control Promote Conscious Net Zero Goals
Slide 16: Emission reduction needs - Continued FGD opportunities
Emission reduction needs-Continued FGD opportunities Projects → FGD Technology Leadership & Absorption • ~>60% Installed Capacity-Yet to order FGD ✓ OWN technology & capability from design to execution • Area classification categorization- to drive priority adoption ✓ Wet FGD: Local end to end Compe
Slide 17: Installed Base - Continued Services opportunities
Installed Base-Continued Services opportunities Services → Market needs Technology Leadership ✓ OEM/ OED technology ownership (~60%) ✓ End to end capability to serve/repair/upgrade • 6500 Cr./yr. market service opportunities ✓ Fully competent to serve India & Exports • Emission compliance (Nox/SPM/C
Slide 18: Technology absorption & readiness
GE Power India Limited Technology absorption & readiness 17
Slide 19: Technology Absorption in GEPIL & Readiness
Technology Absorption in GEPIL & Readiness FGD Local competencies developed Opportunities Wet FGD ✓ 133 GW FGD market 98% opportunities exists for coal ✓ Market needs for W2E emerging Semi Dry FGD 96% Market Purchase Consideration (Independent Customer Survey by PwC Strategy &) Dry FGD-W2E 92% Emerg
Slide 20: GE Corporate Update (8 Feb 2022)
GE Corporate Update (8 Feb 2022) th GE Steam Power’s proposal to reduce stake within 36 months © 2022 GE Power India Limited - All rights reserved 19
Slide 21: Slide 21