Torrent Power Limited · NSE:TORNTPOWER
Torrent Power — Q4 2019-20 Earnings Presentation
22 slides from Torrent Power's earnings presentation, 2020
Slide 1: Investor Presentation Q4 2019-20
INVESTOR PRESENTATION Q4 2019-20
Slide 2: Disclaimer
Disclaimer This information may contain certain forward-looking statements/details in the current scenario, which is extremely dynamic and increasingly fraught with risks and uncertainties. Actual results, performances, achievements or sequence of events may be materially different from the views ex
Slide 3: Presentation Outline
Presentation Outline Sr. No. Particulars 1. Torrent Group 2. Torrent Power Limited 3. Overview of Operations : FY 2019-20 4. Investment Rationale 5. Five Year Trend : Key Financial & Technical Statistics
Slide 4: Torrent Group
1. Torrent Group TORRENT PHARMACEUTICALS LIMITED • A generics pharmaceutical major with strong global footprint • Ranked in top 10 in Indian pharma market with leading position in niche therapeutic areas • Ranked No. 1 among Indian Pharma companies in Brazil, Germany & Philippines TORRENT POWER LIMI
Slide 5: Torrent Group (Contd…)
Torrent Group (Contd…) Turnover $ 2918 Mn Market Cap $ 6204 Mn Enterprise Value $ 8152 Mn Employees 22,100+ Spreading smiles Illuminating Lives Not just healthcare… Lifecare Generating Trust. Distributing Opportunities. Building pan-India state-of-art Turnover: $ 1109 Mn Turnover: $ 1809 Mn city gas
Slide 6: Torrent Power Limited: Assets at a Glance
2. Torrent Power Limited Spreading smiles Illuminating Lives Thermal Solar Wind Transmission Distribution - Licensed - 2730 MW state- - 138 MW oper- - 649 MW oper- - 355 kms 400 kV - 430 capacity MW of distribution areas of-art gas based - 138 capacity ational MW of ational & 128 Kms of - Licensed o
Slide 7: Portfolio of Assets: Thermal Generation
Torrent Power Limited (Contd…) PORTFOLIO OF ASSETS : THERMAL GENERATION 1147.5 MW 382.5 MW 1200 MW 362 MW (3 x 382.5) (1 x 382.5) (3 x 400) (1 x 120 MW, 2 x 121 MW) Gas-based CCPP Gas-based CCPP Gas-based CCPP Coal Based Near Surat, Gujarat Near Surat, Gujarat Near Bharuch, Gujarat Ahmedabad, Gujara
Slide 8: Portfolio of Assets: Renewable Generation
Torrent Power Limited (Contd…) PORTFOLIO OF ASSETS : RENEWABLE GENERATION 51 87 49.6 201.6 50.9 50.4 120 126 50 Adjacent Gulbarga & Patan in to SUGEN Jamnagar Kutch in Rajkot in Bhavnagar Osmanabad Kutch, Raichur in Gujarat Plant, in Gujarat Gujarat Gujarat in Gujarat Maharashtra Gujarat Karnataka G
Slide 9: Portfolio of Assets: Distribution
Torrent Power Limited (Contd…) PORTFOLIO OF ASSETS : DISTRIBUTION Licensed Distribution Franchised Distribution Particulars Ahmedabad/ Surat Dahej Bhiwandi Agra Gandhinagar Licensed ~ 52 sq. ~ 356 sq. km. ~ 17 sq. km. ~ 721 sq. km. ~ 221 sq. km. Area km. Peak 2,018 MW 695 MW 72 MW 580 MVA 473 MVA De
Slide 10: Upcoming Distribution License Area
Torrent Power Limited (Contd…) PORTFOLIO OF ASSETS : UPCOMING DISTRIBUTION LICENSE AREA The Company has been awarded distribution license for Dholera Special Industrial Region (Dholera SIR) of ~920 Sq Kms for 25 years as additional licensee Dholera SIR is a major project in the Delhi-Mumbai Indu
Slide 11: Upcoming Distribution Franchise Area
Torrent Power Limited (Contd…) PORTFOLIO OF ASSETS : UPCOMING DISTRIBUTION FRANCHISE AREA TPL has been awarded the distribution franchise for Shil, Mumbra & Kalwa area by MSEDCL, based on competitive bidding process for 20 years. The operations have been taken over w.e.f. March 01, 2020. The ~
Slide 12: Overview of Operations – FY 2019-20: Consolidated Income Statement
3. Overview of Operations – FY 2019-20 CONSOLIDATED INCOME STATEMENT Q4 19-20 Q4 18-19 Growth FY 19-20 FY 18-19 Growth Particulars (Rs. Cr.) Audited Audited % Audited Audited % Revenue from Operations 2,984 2,925 2% 13,641 13,151 4% Power Purchase Cost 1,584 1,717 7,960 8,136 Material Cost & Change
Slide 13: Overview of Operations – FY 2019-20 (Contd…)
Overview of Operations – FY 2019-20 (Contd…) The major drivers of increase in the reported Total Comprehensive Income for the year are: Increase in contribution from gas-based power plants, due to operationalization of long term PPA for 278 MWs capacity from Q2 19-20 & higher merchant power sales
Slide 14: Thermal PLF and Net Generation
Overview of Operations – FY 2019-20 (Contd…) Q4 Thermal PLF (%)/ Net Generation (MUs) 87.2% 68.2% 54.3% 51.8% 41.6% 624 MUs 30.4% 32.9% 1312 554 1013 370 MUs MUs MUs 7.7% MUs 1936 2134 0.0% 0.0% 197MUs MUs MUs SUGEN UNOSUGEN DGEN AMGEN THERMAL 1147.5 MW 382.5 MW 1200 MW 362 MW 3092 MW Q4 2018-19 Q4
Slide 15: Renewable PLF and Units Dispatched
Overview of Operations – FY 2019-20 (Contd…) Q4 Renewable PLF (%)/MUs Q4 Renewable PLF (%)/MUs Dispatched Dispatched 23.62% 22.17% 20.25% 19.30% 30.08%29.76% 217 345 17.57%17.14% MUs 264 MUs 60 58 1137 1330 MUs MUs MUs MUs MUs 212 208 MUs MUs 473 MW 599 MW 138 MW 473 MW 599 MW 138 MW WIND SOLAR WIND
Slide 16: USO/Purchase by Distribution Area
Overview of Operations – FY 2019-20 (Contd…) Q4 USO/Purchase (MUs) 1,658 1,541 773 739 911 878 351 343 A'bad Surat Bhiwandi Agra Q4 18-19 Q4 19-20 FY USO/Purchase (MUs) 8,301 8,232 3,403 3,392 3,622 3,682 2,017 2,059 A'bad Surat Bhiwandi Agra FY 18-19 FY 19-20
Slide 17: Investment Rationale
4. Investment Rationale • State of the art gas • Huge growth • Need for a robust • Opportunities for based plants potential in renew- grid to support huge private sector • Direct import of LNG at ables; expect the increase in considering the efficient cost returns to rise above renewables capacity e
Slide 18: Value Creation
Investment Rationale (Contd…) Excellent operational Regulated records Promising businesses growth ensuring opportunities stable returns Unmatched Strong project distribution management model skills World class Rational generation Value allocation of assets Creation capital
Slide 19: Five Year Trend - Key Financial Statistics
5. Five Year Trend - Key Financial Statistics Revenues from Operations (₹ Crore) EBIDTA (₹ Crore)/EBIDTA Margin (%) 13151 13641 3734 11716 11512 3336 3381 3389 10000 2651 29% 28% 27% 27% 26% 2015-16 2016-17 2017-18 2018-19 2019-20 2015-16 2016-17 2017-18 2018-19 2019-20 TCI (₹ Crore) Net Worth (₹ Cr
Slide 20: Five Year Trend - Key Financial Statistics (Contd…)
Five Year Trend - Key Financial Statistics (Contd…) Net Debt / EBITDA Net Debt Equity Ratio 0.93 0.92 2.99 0.89 2.49 2.61 2.26 2.18 0.80 0.80 2015-16 2016-17 2017-18 2018-19 2019-20 2015-16 2016-17 2017-18 2018-19 2019-20 Return on Capital Employed Return on Networth 11.21% 13.22% 12.62% 9.62% 9.32%
Slide 21: Five Year Trend - Key Technical Statistics (Contd…)
Five Year Trend - Key Technical Statistics (Contd…) SUGEN PAF-PLF (%) T&D loss (%) Distribution Licensee 98.38% 96.38% 95.86% 98.46% 96.75% 7.15% 6.81% 6.31% 5.61% 4.98% 65.26% 62.29% 3.89% 3.92% 59.89% 3.59% 3.43% 3.43% 47.50% 35.78% 0.76% 0.53% 0.40% 0.35% 0.31% 2015-16 2016-17 2017-18 2018-19 201
Slide 22: Thank You
Contact details: Rishi Shah Torrent Power Limited THANK YOU “Samanvay”, 600 Tapovan, Ambawadi, Ahmedabad 380015 Ph. No. (079) 26628473 Email: IR@torrentpower.com www.torrentpower.com