Tata Power Company Limited · NSE:TATAPOWER
Tata Power — The Tata Power Company — Investor Presentation (August 2016)
23 slides from Tata Power's investor presentation, August 2016
Slide 1: The Tata Power Company Ltd. – August 2016
Presentation Title ( Arial, The Tata Power Company Ltd. Font size 28 ) Date, Venue, etc ..( Arial, Font August size 18 ) 2016 …Message Box ( Arial, Font size 18 Bold)
Slide 2: Disclaimer
Disclaimer This document does not constitute or form part of and should not be construed as a prospectus, offering circular or offering memorandum or an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the Company or any of its subsidiaries or affiliates in any
Slide 3: Tata Group
Tata Group • Tata Group is one of the well recognized and Promoter Listed Companies Mkt Cap ($ bn)2 powerful brands in India Shareholding (%)1 Tata Consultancy Services 75.67 73.4 • Highly diversified group categorized under Tata Motors 23.88 33.0 seven business sectors: Tata Steel 5.51 31.4 Enginee
Slide 4: Tata Power Company – Business Overview
Tata Power Company – Business Overview • TTML(1) 7% • Trombay • TTSL(1) 8% • Hydro • Panatone 40% • Jojobera Investments • Tata Comm(1) 17% • Belgaum • Haldia • Wind Farm • CGPL (Mundra UMPP) 100% Generation • Renewable-TPREL 100% • Maithon 74% • IEL 74% • Dagachhu 26% • Cennergi 50% • Georgia Hydro
Slide 5: Global portfolio of assets across value chain
Global portfolio of assets across value chain India & neighboring countries International presence Operational: Thermal 7810 MW Hydro 693 MW SOUTH AFRICA GEORGIA Wind 849 MW Solar 60 MW • 229 MW Wind Power Development of three hydro Projects (Operational) Dugar Hydro Transmission projects in 2 phase
Slide 6: Established power generation company...
Established power generation company... Among the leading private power generating companies in India with gross power generation capacity of 9,432 MW Balanced mix of operating, under construction and development projects with new capacity ~10,000 MW under execution or under development Broad mix ac
Slide 7: ...with presence across the Value Chain
… with presence across the Value Chain Transmission – Mumbai Powerlinks Transmissions Limited Tata Power is amongst the 3 transmission licensees JV between Tata Power (51%) and Power Grid Corporation of TRANSMISSION that bring power into Mumbai India Ltd. (49%) 1,100 CKm of 220KV / 110KV lines
Slide 8: Power Generation Portfolio
Power Generation Portfolio …Message Box ( Arial, Font size 18 Bold)
Slide 9: Existing Generation Assets and growth plans
Existing Generation Assets and growth plans (In MW) Operational Under Execution Under development Trombay 1,580 Kalinganagar 67 TOTAL 6,435 Hydros 862 Georgia 185 Wind 620 Wind 200 Haldia 120 Jojobera 428 16,273 MW 20000 IEL 375 Solar 60 18000 Maithon 1,050 1082 TPDDL 108 1451 16000 Mundra 4,000 Cen
Slide 10: Projects under execution
Projects under execution Capacity Project Fuel Status of Completion Power off-take Expected COD (MW) Renewable Wind 200 Under Execution PPA with states FY17 Projects 2 units (2 x 67.5 MW) PPA with Tata Steel to be Kalinganagar, Orissa Flue gas 67.5 FY17 synchronized executed Land acquired; civil wor
Slide 11: Projects under development
Projects under development Capacity Project Fuel Current Status (MW) Domestic Dugar, Himachal Pradesh Hydro 380 Approval of the detailed project report is pending Land has been obtained and environmental impact Maithon Phase II, Jharkhand Coal 1,320 assessment is in progress Mundra Phase II, Gujarat
Slide 12: International presence
International presence Georgia Hydro SA Wind ITPC (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% ~ZAR6,800 mn for entire 229 Project Cost US$404 mn for the first phase US$200 mn MW P
Slide 13: Long-term PPAs for power plants
Long-term PPAs for power plants % of Capacity Off-take Model overall Returns Upside Tata Power Projects (MW) counterparty capacity Mumbai Operations BEST, TPTCL, Regulated Fixed return Savings on Norms + (Thermal & Hydro), 3,425 40% TPDDL, DVC, TPDDL, returns on equity PLF incentive Maithon, Jojober
Slide 14: Secured fuel supply through long-term contracts
Secured fuel supply through long-term contracts Project Fuel requirement Source of fuel Contract details Term FSAs for 1.00 MTPA (+/- 0.25MTPA) Till 2018 c.3 MTPA of coal Purchase agreements FSA for 1.00 MTPA (+/- 0.2MTPA) Till 2018 FSA for 0.65 MTPA (+/- 10%) Under Renewal Trombay From nearby refin
Slide 15: Other Key Businesses
Other Key Businesses …Message Box ( Arial, Font size 18 Bold)
Slide 16: Other Key Businesses
Other Key Businesses 100% subsidiary, holds a trading license for a period of 25 years starting from 2004 Tata Power Trading Holds a Category I trading license, which permits it to trade any amount of power Trust Energy Resources Pte Ltd incorporated in Singapore for owning bulk carriers to me
Slide 17: Appendix: Financials
Appendix: Financials …Message Box ( Arial, Font size 18 Bold)
Slide 18: Snapshot Standalone Financials
Snapshot Standalone Financials (in Rs. Cr) (in US$ mn) FY16 FY15 FY14 FY16 FY15 FY14 Revenue from 8,438 8,678 8,627 1,259 1,295 1,288 Operations (Net) Operating Expenditure 5,721 6,516 6,073 854 973 906 Operating Profit 2,717 2,162 2,554 406 323 381 Add: Other Income 498 976 392 74 146 59 EBITDA 3,2
Slide 19: Historical Financials (Standalone)
Historical Financials (Standalone) Total Revenue (Rs. Cr) EBITDA (Rs. Cr) AND EBITDA Margin 10,261 9,479 9,654 9,019 8,935 3,500 36 40 29 27 33 33 7,412 3,000 28 35 3,214 30 2,500 2,085 2,946 3,138 25 2,000 2,768 2,752 20 1,500 15 1,000 10 500 5 0 0 FY11 FY12 FY13 FY14 FY15 FY16 FY11 FY12 FY13 FY14
Slide 20: Snapshot Consolidated Financials
Snapshot Consolidated Financials (in Rs. Cr) (in US$ mn) FY16 FY15 FY14 FY16 FY15 FY14 Revenue from 36,461 34,367 35,649 5,442 5,129 5,321 Operations (Net) Operating Expenditure 28,470 27,427 27,942 4,249 4,094 4,170 Operating Profit 7,991 6,940 7,707 1,193 1,036 1,150 Add: Other Income 79 417 (562)
Slide 21: Historical Financials (Consolidated)
Historical Financials (Consolidated) Total Revenue (Rs. Cr) EBITDA (Rs. Cr) AND EBITDA Margin 36,461 10,000 25 30 35,087 34,367 21 33,207 20 8,000 25 21 26,289 20 22 20 6,000 5,003 8,070 19,861 7,145 7,357 15 4,000 6,820 5,169 10 2,000 5 0 0 FY11 FY12 FY13 FY14 FY15 FY16 FY11 FY12 FY13 FY14 FY15 FY1
Slide 22: Leverage ratio (Consolidated)
Leverage ratio (Consolidated) Net Debt / Equity (x) Outstanding Gross FY16 FY15 FY14 Debt (Rs. Cr) 3 2.56 2.5 2.23 2.28 2.32 2.29 2.32 2.3 2.23 2.2 Tata Power S/A 11,258 11,037 11,080 1.9 2 1.5 Tata Power Conso 40,121 40,842 40,173 1 0.5 Outstanding Net Debt FY16 FY15 FY14 (Rs. Cr) 0 FY2013 FY2014 Q
Slide 23: Investor Relations contact
Website: www.tatapower.com Email ID: investorrelations@tatapower.com Investor Relations Kasturi S Tel : +91 22 6717 1345 …Message Box 22 ( Arial, Font size 18 Bold)
The Tata Power Company — Investor Presentation (August 2016) on 6ix