Gmr Power And Urban Infra Ltd · NSE:GMRP&UI
Gmr Power And Urban Infra — Q1 FY2024 Earnings Presentation
34 slides from Gmr Power And Urban Infra's earnings presentation, Aug 9, 2023
Slide 1: Cover letter to stock exchanges
August 09, 2023 BSE Limited, National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, G Block, Dalal Street, Bandra-Kurla Complex, Bandra (E) Mumbai 400001 Mumbai - 400051 Scrip: 543490 Symbol: GMRP&UI Dear Sir/Madam, Sub: Investor Presentation Ref: Disclosure u
Slide 2: d Urba Infra
an d Urba Infra { “Tiny c tor AR Poweran
Slide 3: Disclaimer
DISCLAIMER All statements, graphics, data, tables, charts, logos, names, figures and all other statements relating to future results of operation, financial condition, business information (“Contents”) contained in this document (“Material”) is prepared by GMR prospects, plans and objectives, are ba
Slide 4: Table of Contents
Table of Contents Particulars Pg. No. Overview 3–4 Key Business Highlight 5 Financial Performance 6–9 - Energy Business 10 – 12 - Transportation and Urban Infrastructure Business 13 – 17 Strategy and Way Forward 18 – 21 ESG Practices 22 – 23 Annexures 25 – 32 2
Slide 5: Snapshot of Businesses
Snapshot of Businesses Energy Highways & EPC Urban Infra 2 Coal Plants Solar 2 Annuity Projects Special Economic Operational 26 MW 133 kms Zone (SEZ) 1,650 MW 2 Toll Projects 2 Wind Plants ~1,145 acres in Under-development 3.4 MW 216 kms Tamil Nadu 350 MW Land at strategic Railwa
Slide 6: Corporate Structure
Corporate Structure GMR Power and Urban Infra Ltd. (GPUIL) 56.6% 82% 100% 100% Special Investment GMR Energy Other Energy Assets GMR Highways Ltd. Region Operational Projects Stake Operational Projects Stake Annuity Projects Stake Under Stake Development Warora Plant (Coal) 92.0% Rajahmundry Plant 4
Slide 7: Key Business Highlight
Key Business Highlight FY22 -–Capturing Energy 2.0 Strategy Key Business highlights New Growth Opportunities in Adjacent Business areas • GMR Smart Electricity Distribution Private Limited (GSEDPL), a stepdown subsidiary of GPUIL, has received Letter of Intent from two UP Discoms1, to implement Adva
Slide 8: Performance Highlights
Performance Highlights Humility | Entrepreneurship | Teamwork agi Relationships | Deliver the fe | Learning And Inner Excellence | Social Respofsibility | Reset for individuel
Slide 9: GPUIL Performance Highlights – Q1FY24
GPUIL Performance Highlights – Q1FY24 Consolidated Financials1 • Gross Revenues ▼21% QoQ; ▲5% YoY to INR 11.2 bn • EBITDA ▲1.4x QoQ; ▲11% YoY to INR 1.6 bn • Net profit after tax2 Loss of INR 2.0 bn vs INR 4.7 bn loss in Q4FY23, INR 2.1 bn profit in Q1FY23 Gross Revenue EBITDA INR bn INR bn 1.
Slide 10: GPUIL Performance Highlights – Q1FY24
GPUIL Performance Highlights – Q1FY24 Operational Performance o Warora: 90% vs 94% YoY Energy – PLF o Kamalanga: 82% vs 81% YoY o Bajoli Holi: 66% vs 50% YoY Highways – Average o Hyderabad - Vijaywada: ▲3% YoY Daily Traffic growth o Ambala - Chandigarh: ▼1% YoY Segmental Revenue – Q1FY24# Net Revenu
Slide 11: GPUIL Consolidated Debt
GPUIL Consolidated Debt Net Debt (Sector-wise) ^ Gross & Net Debt (INR bn) ^ (in INR bn, %age of total) 59 8 Others, Corporate, 51 3 , 6% 27 , 54% Highways, 17 , 35% Gross Debt Cash & equivalents Net Debt Energy, 3 , 5% Reduction in Debt Levels: Gross Debt reduced by ~INR 21.8 bn YoY Net debt reduce
Slide 12: Energy Business
Energy Business Humility | Entrepreneurship | Teamwork afi Relationships e fe | Learning And Inner Excellence | Social Respofsibility | Reset for individuel
Slide 13: Key Developments in Q1FY24 – Energy Business
Key Developments in Q1FY24 – Energy Business Warora Power Project • Revenue ▼13% QoQ; ▼9% YoY − PLF at 90% vs. 91% in Q4FY23 and 94% in Q1FY23 − Decline in revenue mainly attributable to reduction in merchant prices compared with the corresponding period • EBITDA ▼7% QoQ; ▼38% YoY − Impacted primari
Slide 14: GMR Energy Ltd - Operational & Financial Highlights YoY
GMR Energy Ltd (GEL) - Operational & Financial Highlights YoY (figures in INR mn) GEL Consolidated Warora Kamalanga Solar Bajoli Holi Particulars Proforma Q1FY2023 Q1FY2024 Q1FY2023 Q1FY2024 Q1FY2023 Q1FY2024 Q1FY2023 Q1FY2024 Q1FY2023 Q1FY2024 Revenue 13,580 13,460 4,565 4,148 7,330 7,070 140 120 1
Slide 15: Transportation and Urban Infrastructure Business (T&UI)
Transportation and Urban Infrastructure Business (T&UI)
Slide 16: Key Developments in Q1FY24 – Highway Business
Key Developments in Q1FY24 – Highway Business Hyderabad Vijayawada Project • Average Daily Traffic: ▲2% QoQ and ▲3% YoY − Sole Arbitrator has released report on the claim quantification under Change-in-Law and quantified gross claim of INR 16.72 bn − Report submitted by Sole Arbitrator was taken on
Slide 17: Highway Business Assets Performance YoY
Highway Business Assets Performance YoY (figures in INR mn) Hyderabad-Vijaywada Ambala - Chandigarh GPEL Chennai ORR Particulars Q1FY2023 Q1FY2024 Q1FY2023 Q1FY2024 Q1FY2023 Q1FY2024 Q1FY2023 Q1FY2024 Revenue 652 692 170 192 134 118 193 188 EBITDA 543 590 113 140 67 55 131 118 Interest 667 713 142 1
Slide 18: Urban Infrastructure – Potential to Unlock Value
Urban Infrastructure – Potential to Unlock Value Krishnagiri Special Investment Region: ~1,145 Acres • ~161 acres under discussion for sale to an agency of Tamil Nadu Govt. • Next phase of development being planned for ~210 acres under Joint Venture with TIDCO1 • Industrial cluster catering to elect
Slide 19: EPC in Dedicated Freight Corridor Projects
EPC in Dedicated Freight Corridor Projects DFCC’s Project Network GMR’s Scope and Highlights • GMR along with JV partner has been awarded contract to construct a part of the DFC Eastern Corridor of ~450 kms Kanpur Contract GMR’s Scope Package GMR’s stretch of work Mughalsarai Mughalsarai to New Karc
Slide 20: Strategy and Way Forward
Strategy and Way Forward Humility | Entrepreneurship | Teamwork agi Relationships | Deliver the fe | Learning And Inner Excellence | Social Respofsibility | Reset for individuel
Slide 21: Maximizing value of existing assets & Building a Top Tier tech enabled Clean Energy business
Maximizing value of existing assets & Building a Top Tier tech enabled Clean Energy business 3 pillars of our strategy going forward Nurture & Develop Enhance Value opportunities in Green of existing businesses Ecosystem • Aim for higher utilization of • Continued focus on hydro existing assets & ef
Slide 22: 5 Overarching Principles to Operationalise the Strategy
To Operationalise the Strategy We Envision to Follow 5 Overarching Principles Principles ` High focus on ` Build on our group’s innovative, asset- strengths and light, platform-based leverage and technology- Deploy efficient Invest in emerging infrastructure assets capital structure and Enter strate
Slide 23: Clearly Defined Strategies to Capitalize on the Attractive Industry Prospects
Clearly Defined Strategies to Capitalize on the Attractive Industry Prospects Expedite receipt / settlement of pending operational and litigation claims Highways Monetize the existing assets Conclude current monetization efforts: o ~161 acres under sale to agency of Tamil Nadu Govt. in FY24 o
Slide 24: ESG Practices
ESG Practices Humility | Entrepreneurship | Teamwork afi Relationships e fe | Learning And Inner Excellence | Social Respofsibility | Reset for individuel
Slide 25: ESG
ESG Environment Social • GKEL, GWEL and Bajoli Holi are ISO 14001 certified Environmental CSR Spend (Q1FY24) - INR 4.61 mn Management System Total beneficiaries - Over 29,000 • GKEL and GWEL have ISO 50001 in place • CSR activities implemented in areas of Education, Health and Livelihoods • Both GKE
Slide 26: Thank You
Thank You For further information, please visit Website: www.gmrpui.com or Contact: GPUIL–IR@gmrgroup.in
Slide 27: Annexures
Annexures Humility | Entrepreneurship | Teamwork afi ela
Slide 28: Annexures
Annexures Particulars No. Profitability Statement (Consolidated) A Financial Performance • Energy Sector (Consolidated) B • Warora (Standalone) C • Kamalanga (Standalone) D • Bajoli Holi (Standalone) E • Highways Sector (Consolidated) F 26
Slide 29: Annexure A : GPUIL (Consolidated)
Annexure A : GPUIL (Consolidated) INR mn Q1FY2023 Q4FY2023 Q1FY2024 Gross Revenue 10,687 14,234 11,242 Less: Revenue Share 483 496 534 Net Revenue 10,204 13,738 10,708 Total Expenditure 8,748 13,067 9,093 EBITDA 1,456 671 1,615 EBITDA margin 14% 5% 15% Other Income 947 1,655 662 Interest & Finance C
Slide 30: Annexure B : Energy Business (Consolidated)
Annexure B : Energy Business (Consolidated) INR mn Q1FY2023 Q4FY2023 Q1FY2024 Gross Revenue 5,473 9,692 7,274 Operating Expenditure 5,382 9,837 7,129 EBITDA 91 (145) 145 EBITDA margin 2% -1% 2% Other Income 43 578 274 Interest & Fin Charges 537 492 384 Depreciation 7 15 13 Exceptional Income/(Expens
Slide 31: Annexure C : Warora (Standalone) Power Plant
Annexure C : Warora (Standalone) Power Plant INR mn Particulars Q1FY2023 Q4FY2023 Q1FY2024 Total Revenue 4,565 4,773 4,148 Fuel - Consumption 2,583 3,125 2,722 Other Expenses 435 611 465 EBITDA 1,546 1,037 961 EBITDA margin 34% 22% 23% Other Income 236 109 432 Interest & Finance Charges 1,024 636 60
Slide 32: Annexure D : Kamalanga (Standalone) Power Plant
Annexure D : Kamalanga (Standalone) Power Plant INR mn Particulars Q1FY2023 Q4FY2023 Q1FY2024 Total Revenue 7,330 7,463 7,070 Fuel - Consumption 3,261 4,084 3,627 Other Expenses 1,052 1,016 1,354 EBITDA 3,016 2,363 2,088 EBITDA margin 41% 32% 30% Other Income 368 717 753 Interest & Finance Charges 1
Slide 33: Annexure E : Bajoli Holi (Standalone) Power Plant
Annexure E : Bajoli Holi (Standalone) Power Plant INR mn Particulars Q1FY2023 Q4FY2023 Q1FY2024 Total Revenue 1,080 63 1,353 Transmi ssi on Charges 127 - 228 Other Expenses 160 301 142 EBITDA 793 (237) 983 EBITDA margin 73% - 73% Other Income 24 1 6 Interest & Fi nance Charges 916 943 929 Depreci at
Slide 34: Annexure F : Highway Business (Consolidated)
Annexure F : Highway Business (Consolidated) INR mn Q1FY2023 Q4FY2023 Q1FY2024 Gross Revenue 1,632 1,760 1,723 Less: Revenue Share 483 496 534 Net Revenue 1,149 1,264 1,189 Operating Expenses 271 410 297 EBITDA 878 855 892 EBITDA margin 76% 68% 75% Other Income 223 503 88 Interest & Fi nance Charges
GMR Power and Urban Infra — Q1 FY2024 Earnings Presentation on 6ix