Jaiprakash Power Ventures Limited · NSE:JPPOWER
Jaiprakash Power Ventures — Investor Presentation (December 2014)
28 slides from Jaiprakash Power Ventures's investor presentation, December 2014
Slide 1: Investor Presentation December 2014
Investor Presentation December 2014 1
Slide 2: Overview of Jaypee Group
Overview of Jaypee Group 2
Slide 3: Corporate Structure
Corporate Structure Jaiprakash p Associates Limited (JAL) ( ) E&C Cement – 19.45 MTPA Real Estate & Hospitality Listed company BOO Power Cement Infrastructure 60.72% Jaiprakash Power Ventures Ltd (JPVL) Jaypee Infratech Limited 400 MW Vishnuprayag HEP # (JIL) # 500 MW Bina TPP # 74% Bhilai SAIL JV 1
Slide 4: Demonstrated Execution Capability of JAL – Completed HEPs
Demonstrated Execution Capability of JAL – Completed p HEPs Generating g 9840 MW between 2002-2011 JAL is the leader in the construction of multi-purpose river valley and hydropower projects and has been involved in construction of major engineering projects over the last 4 decades Baghalihar I ** K
Slide 5: JPVL’s Business Overview
JPVL’s Business Overview 5
Slide 6: Power Capacity in Operation/Under Advanced Stages of Implementation
Power Capacity in Operation/ Under Advanced Stages of Implementation p Capacity PPA Merchant S.N. Project State Fuel Equipment Supplier VER / CER (MW) (MW) (MW) Current Capacity 1. Baspa-II H.P. Hydro 300 300 - VA Tech (Austria), Voith (Germany), Alstom (France) 1.00 Mn VERs 2. Karcham Wangtoo H.P.
Slide 7: Thermal Hydro Mix & Merchant Power Capacity
Thermal Hydro y Mix & Merchant Power Capacity p y Thermal : Hydro Mix of Power Capacity * Saleable Generation in Mus * 10% 48% Merchant PPA Total 77% 77% Year 100% 87% (MU) (MU) (MU) 90% 52% 23% 23% 0% 13% FY 2012 2,249 3,111 5,360 (A) FY 11 FY 12 FY 13 FY 14 FY 15 FY 16 FY 2013 3 542 3,542 3 172 3,
Slide 8: Nigrie TPP 2x660 MW – Progress Report
Nigrie g TPP - 2X660 MW – Progress g Report p As on 30th Sept 2014 Nigrie STPP - Unit - I - Progress Nigrie STPP - Unit II - Progress Report Report Completed Balance Work Completed Balance Work Balance of Plant 100% 0% Balance of Plant 87% 13% ESP 100% 0% ESP 97% 3% 100% 0% TG 99% 1% TG Mill Bay & B
Slide 9: Nigrie TPP 2x660 MW – Project Highlights
Nigrie g TPP - 2X660 MW – Project j Highlights g g 9 Unit ‐II Boiler Light up on Oil done on 11th November ’14 14 9 Unit –II expected to be Synchronized to the grid on January ’15 9 Majhauli Railway Station at Amelia (North) commissioned in Apr ’14 9 Expected Commissioning : Unit I : Commissioned on
Slide 10: Bara TPP 3x660 MW – Progress Report
Bara TPP – 3x660 MW – Progress g Report p As on 31st Oct, 14 Bara STPP - Unit I - Progress Report Completed Balance Work Balance of Plant 80% 20% ESP 94% % % 6% TG 100% 0% Bunker Structure 96% 4% Boiler including Mill Bay 92% 8% Structural Steel Fabrication 94% 6% Concrete 92% 8% Target p - 15 for A
Slide 11: Bara TPP 3x660 MW – Progress Report Contd.
Bara TPP – 3x660 MW – Progress g Report p Contd.. As on 31st Oct, 14 Bara STPP - Unit 2 - Progress Bara STPP - Unit 3 - Progress Report p Report Completed Balance Work Completed Balance Work ESP 93% 7% ESP 92% 8% TG 99% 1% TG 98% 2% Bunker Structure 89% 11% Bunker Structure 91% 9% Boiler including M
Slide 12: Financial Overview
Financial Overview 12
Slide 13: Power Business – Summary of Project Status: Hydro
Power Business – Summary y of Project j Status: Hydro y Rs in Crs (In US$ Mn) Design Energy Project Equity Invested Securitized Loan* Loan (in Mus) Baspa 491 91 (80) 440 0 (72) ( 2) 10 0 1,050 Vishnuprayag 509 (83) 775 (127) 1,774 Karcham Wangtoo 2,070 (339) 1,377 (226) 4,114 Total 3,070 (503) 2,592
Slide 14: Power Business – Summary of Project Status: Thermal
Power Business – Summary y of Project j Status: Thermal Rs in Crs (In US$ Mn) Total Equity Equity Balance Equity Design Energy P j t Project Invested to be Invested to be Invested (in Mus) As on 30th Sept’ 14 Bina 1,317 (216) 1,211 (199) 106 (17) 3,723 Nigrie STPP 3,463 (567) 3,163 (518) 300 (49) 9,
Slide 15: Jaiprakash Power Ventures - Financial Performance
Jaiprakash p Power Ventures - Financial Performance In INR Mn (US$Mn) ANNUAL HALF YEAR Particulars FY 2012 FY 2013 FY 2014 H1 FY 2015 16,863 22,908 26,775 19,884 Revenue (276) (376) (439) (326) 15,267 15 267 17,713 17 713 18,874 18 874 15,170 15 170 EBIDTA (250) (290) (309) (249) 4,029 3,291 197 3,6
Slide 16: Selected financial information
Selected financial information Balance Sheet Rs mn (US$ mn) Particulars JPVL FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 33,778 51,706 54,650 64,443 63,297 Net worth (554) (848) (896) (1,056) (1,038) Secured & 53,746 53 746 120,681 120 681 148,124 148 124 180,084 180 084 205,414 205 414 Unsecured Debt (
Slide 17: Way Forward
Way Forward 17
Slide 18: Salient Features of JSW Deal
Salient Features of JSW Deal The proposed share securities purchase agreement contemplates the purchase of all securities including the entire equity share capital and debt instruments of JPVL’s subsidiary, namely, Himachal Preface p Power Company Baspa p y Limited ((HBPCL)) byy the ppurchaser i.e.,
Slide 19: Scheme of Arrangement with JSW: Status
Scheme of Arrangement g with JSW: Status S.No. Particulars Date 1 1. Board meeting to get appro approval al of Draft Scheme 15th Nov’ No ’ 14 Already Held Filing of draft scheme and other documents with Stock 22nd Nov’ 14 2. Already Filed Exchanges / SEBI 3. Approval by Stock Exchanges / SEBI 5th Ja
Slide 20: Term Loan (Debt) Status – Pre & Post Divestment
CONFIDENTIAL Term Loan (Debt) Status – Pre & Post Divestment Rs. in Crs In US$ Mn Debt * Debt Debt * Name of the Project as of 30th June, ’15 as of 30th Sept,’14 as of 31st March, ’15 (Post Disinvestment) Baspa II 532 (87) 501 (82) - Vishnuprayag 973 (159) 791 (129) 743 (122) K h Karcham 5 397 (883)
Slide 21: Movement of Debt in the coming years
CONFIDENTIAL Movement of Debt in the coming g years y Rs. in Crs (US$ in Mn) Particulars Total Debt as on 31st Mar Mar’ 15 Project (A) 16,058 (2,626) Corporate (B) 4,845 (792) Total (A+B) = C 20 903 (3,418) 20,903 (3 418) Less Debt Transfer to JSW Baspa II ( ) (D) 501 (82) ( ) Karcham Wangtoo (E) 5,
Slide 22: Coal Capacity – Thermal Power Projects
CONFIDENTIAL Coal Capacity p y – Thermal Power Projects j Coal Qty required for the Coa Linkage* Coal age N Name off th the Project P j t P j t Project (MTPA) (MTPA) CCL – 0.713 Bina 2.40 SECL – 0.829 Total - 1.542 Amelia – 2.50 2 50 Nigrie @ 5.00 Dongri Tal – 2.70 Total - 5.20 Bara 8.43 NCL – 6.95
Slide 23: Coal Block Cancellation
CONFIDENTIAL Coal Block Cancellation 9 The Supreme Court in a decision given on September 2014 has cancelled the allocation of 204 out of the 218 blocks that various governments since 1993 had allocated to companies for captive consumption. consumption 9 6 months breathing g time was g granted to th
Slide 24: Salient Features of Coal Auction Process
CONFIDENTIAL Salient Features of Coal Auction Process 9 The 74 coal blocks covered in Schedule II (42 nos.) and Schedule III (32 nos.) have been earmarked for allotment to Government sector and for auction. 9 The Nominated Authority will fix reserve price for Government blocks and Floor price for au
Slide 25: Reforms in Power Sector
Reforms in Power Sector 9 Finance ministry has appointed committee under IIFCL Chairman Mr.Santosh B Nayar, to recommend measures to revive investments stuck power projects wherein investment to the tune of ` 6.2 lakh crore is stranded. 9 The Committee has proposed allowing banks and lenders a one-t
Slide 26: Reforms in Power Sector
Reforms in Power Sector 9 It was observed by the Govt appointed Committee headed by Sh S B Nayyar that power plants are facing challenges like coal & gas shortage, delay in obtaining regulatory approvals, low offtake by di t ib ti companies, distribution i t transmission i i bottlenecks, b ttl k hig
Slide 27: Shareholding Pattern – Jaiprakash Power Ventures Limited
Shareholding g Pattern* – Jaiprakash p Power Ventures Limited All figures in % S.N. Category JPVL 1 Promoters 63.60 2 Trust 11.71 3 FIIs 6.44 4 Mutual Funds 3 80 3.80 5 Bodies Corporate 4.66 6 P bli Fi Public Financial i l Institutions I tit ti & Banks B k 1 64 1.64 7 Public 8.16 TOTAL 100.0 No. of
Slide 28: Thank You
THANK YOU 28
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