Power Grid Corporation Of India Limited · NSE:POWERGRID
Power Grid Corporation Of India — FY2021 Earnings Presentation
41 slides from Power Grid Corporation Of India's earnings presentation, Jun 18, 2021
Slide 1: Investor Presentation FY 2020-21
Investor Presentation FY 2020-21 June 18, 2021 1 A Maharatna CPSE
Slide 2: Disclaimer
Disclaimer By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: ▪ This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell any secur
Slide 3: Presentation Outline
Presentation Outline Major Highlights POWERGRID Today Performance at a glance Business Outlook Awards & Accolades 3 A Maharatna CPSE
Slide 4: Major Highlights
Major Highlights 4 A Maharatna CPSE
Slide 5: Investor's Pattern - POWERGRID InvIT
POWERGRID Infrastructure Investment Trust (PGInvIT) Investor’s Pattern (Unitholding Pattern on Allotment (May 11, 2021) • 1st InvIT sponsored by a CPSE and largest public offer by any InvIT/ REIT 15,428 • IPO Size: ₹ 7,734.99 cr unitholders 43 Subscription: 4.83 times • Issue Price : ₹ 100.00 40 Ins
Slide 6: ISTS Projects acquired under TBCB
ISTS Projects acquired under TBCB Fatehgarh Bhadla Transco Limited (FBTL) Sikar-II Aligarh Transmission Limited (SATL) Ramgarh New Transmission Limited (RNTL) Aggregate Annual Levelized tariff Sikar New Transmission Limited (SNTL) ₹ 515.84 crore Bikaner-II Bhiwadi Transco Limited (BBTL) 6 A Maharatn
Slide 7: Separation of CTU functions
Separation of CTU functions Incorporation of Central Transmission Utility of lndia Ltd • Central Transmission Utility of India Limited (CTUIL) notified as ‘Central Transmission Utility’ w.e.f 01.04.2021 • CTUIL initially 100% subsidiary of POWERGRID • Will be made a separate Government owned entity
Slide 8: Acquisition of 74% stake in Jaypee Powergrid Limited
Acquisition of 74% stake in Jaypee Powergrid Limited • Jaypee Powergrid Limited, a Joint Venture between POWERGRID and Jaiprakash Power Ventures Limited holding 26% and 74% equity, respectively. • Incorporated to evacuate power generated by 1000 MW Karcham Wangtoo Hydro Electric Power Project in Him
Slide 9: Acquisition of Srinagar Leh Transmission System (SLTS)
Acquisition of Srinagar Leh Transmission System (SLTS) • Srinagar-Leh Transmission System (SLTS) project executed by POWERGRID on consultancy basis under Prime Minister Reconstruction Plan (PMRP) scheme. • Provides connectivity with National Grid for uninterrupted power supply to Ladakh • Commission
Slide 10: POWERGRID Today
POWERGRID Today A “Maharatna” CPSE Govt. of India shareholding of 51.34% POWERGRID Group India’s 3rd Largest CPSE in terms of Gross Block1 22 9 Joint Subsidiaries Ventures* Listed Company with M-Cap ₹ 1,26,657 crore2 All time high Share price ₹ 251.503 Transmission Lines Sub-stations IR Capacity • 1
Slide 11: Performance Highlights FY21
Performance Highlights FY21 Project Execution Operations Financial Performance Commercial Other Activities 11 A Maharatna CPSE
Slide 12: Project Execution
Project Execution 21,467 19,533 FY21 Capex Addition in FY21 11,284 Target achieved 7,264 • ~ 6,500 ckm Transmission lines • 09 nos sub-stations • ~ 27,300 MVA Capex Capitalization • 3,000 MW Inter-Regional capacity Standalone Consolidated Capitalization figures. exclusive of FERV Standalone Consolid
Slide 13: ±800 kV Raigarh-Pugalur HVDC Project
±800 kV Raigarh-Pugalur HVDC Project Project Cost# : ~ ₹ 16,600 crore Power Transfer : 6000 MW Between Raigarh, Chattishgarh in WR and SR Assets commissioned : • Bipole-I , Pole-1 & 2 (3000 MW) • ±800 kV Raigarh - Pugalur HVDC TL – 3530 ckm • 400kV D/c Pugalur (HVDC) – Arasur TL & 400kV D/C Pugalur
Slide 14: ±320 kV VSC based HVDC Pugalur-Thrissur
±320 kV VSC based HVDC Pugalur- Thrissur • First time in India, Voltage Source Project Cost : ~ ₹ 5000 crore Convertor (VSC) Technology Power Transfer : 2000 MW • Use of HVDC XLPE UG cable Part of the Raigarh-Pugalur-Thrissur 6000 MW HVDC system and enables transfer of power from Pugalur (Tamil Nadu
Slide 15: Operations
Operations 15 A Maharatna CPSE
Slide 16: Operational Efficiency
Operational Efficiency Availability Reliability (Trippings per line) 99.81% 99.82% 0.68 99.79% 99.76% 99.71% 0.60 98.50%* 0.46 0.39 0.36 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 * Incentive payable beyond 98.50% 16 A Maharatna CPSE
Slide 17: Adoption of Latest Technologies
Adoption of Latest Technologies ▪ Application Based Patrolling Ground patrolling and live updation through Android based patrolling application. ▪ Use of Unmanned Aerial Vehicles (Drones) for patrolling of transmission lines ▪ Remote Operations from NTAMC/RTAMC’s > 90% ( 242 nos.) sub-stations integ
Slide 18: Commitment to Operational Excellence
Commitment to Operational Excellence 18 A Maharatna CPSE
Slide 19: Commitment to Operational Excellence
Commitment to Operational Excellence Failed Porcelain insulator in 400KV Raigarh-Sundergarh being replaced with Polymer insulator Hot Line maintenance at Chandrapur MSETCL to avoid unwarranted outages 19 A Maharatna CPSE
Slide 20: Resilient Transmission System
Resilient Transmission System May’20 : “AMPHAN” Cyclone May’21 : “TAUKTAE” Cyclone May’21 : “YAAS” Cyclone • Robust Infrastructure No material damage to • Advance Preparedness like monitoring of cyclone movement, POWERGRID assets special patrolling of lines, availability of key resources etc 20 A Ma
Slide 21: Performance fighting Pandemic
Performance fighting Pandemic Impact of Covid-19 • ~ 25% POWERGRID employees affected due to Covid-19. • Restrictions on movement of labour due to COVID19 restrictions. • Major supplies of Transformers, Reactors, GIS, Tower parts, Hardware etc. delayed due to COVID19 restrictions. COVID Isolation ce
Slide 22: Financial Performance
Financial Performance 22 A Maharatna CPSE
Slide 23: Financial Performance – FY21
Financial Performance – FY21 Standalone Subsidiaries Consolidated Income Growth: 6 % Income Growth: 24 % Income Growth: 6 % PAT Growth: 10 % PAT Growth: 58 % PAT Growth: 9 % 38,671 40,824 38,318 40,527 2,074 1,669 10,811 11,936 11,059 12,036 579 367 FY20 FY21 FY 20 FY 21 FY 20 FY 21 Income PAT Divid
Slide 24: Financial Performance – FY21
Financial Performance – FY21 Standalone Consolidated Description Growth Growth (Year ended) (Year ended) 31.03.21 31.03.20 (%) 31.03.21 31.03.20 (%) Income - Transmission Charges 36,457 34,877 5% 38,499 36,532 5% - Consultancy – Services 501 611 -18% 434 514 -16% - Telecom 708 698 1% 707 698 1% - Ot
Slide 25: Financial Performance – FY21
Financial Performance – FY21 Description Standalone Consolidated As on 31.03.21 As on 31.03.20 As on 31.03.21 As on 31.03.20 Gross Fixed Assets 2,34,284 2,15,191 2,41,498 2,27,543 Capital Work-in-Progress 18,316 30,972 25,216 35,933 Debt 1,41,251 1,44,980 1,41,410 1,45,270 Net Worth 69,579 64,440 69
Slide 26: Return to Shareholders
Return to Shareholders Dividend (in ₹ crore) Bonus Shares 6,801 5,228 5,834 2,093 ▪ First time since inception, Bonus share 1,565 2,114 recommended in the ratio 1:3 3,299 2,747 1,762 4,708 2,118 3,663 3,720 1,537 629 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 Follow-on Public 2021 Interim Final Offer -
Slide 27: Other Key Financial Information – FY21
Other Key Financial Information – FY21 FY21 FY20 Debt Raised FY21 Surcharge Income (Consol.) 744 309 Bonds 6,010 Incentive (Consol.) 481 429 ECB 1,589 Int. from Subsidiaries & JVs* 1,067 934 Dividend from JVs* 107 69 Avg. Cost of Borrowing* 547 228 6.04 % Dividend from Subsidiaries* (v/s 6.66 % in F
Slide 28: Commercial
Commercial 28 A Maharatna CPSE
Slide 29: Commercial Performance
Commercial Performance Billing in FY21 Realization %age realization (incl. arrears) ₹ 34,603 crore ₹ 35,910 crore 103.78% As on 31.03.2021 Total Outstanding Dues Total Outstanding > 45 days ~ ₹ 3,583 cr ~ ₹ 1,836 cr (37.8 days billing) (19.4 days billing) ▪ Realizations improved with support of Atma
Slide 30: Other Activities
Other Activities 30 A Maharatna CPSE
Slide 31: Telecom Performance
Telecom Performance Income New Opportunities Data Centre 698 708 Business International Long Distance (ILD) FY20 FY21 Bandwidth Business (₹ in crore) ▪ ~ 100% backbone availability ▪ > 71,000 kms Fiber optical Network BharatNet (NOFN) Phase-1 ▪ 458 PoP and 780 PoI locations ▪ 98 new customers added
Slide 32: Consultancy Performance
Consultancy Performance • Domestic Income ▪ 10 new orders in FY21 ▪ 71 ongoing assignments 611 501 • International ▪ 07 new orders in FY21 ▪ 16 Ongoing assignments FY20 (₹ in crore) FY21 ▪ 08 EOI submitted ▪ Ongoing works in Nepal, Bangladesh, Fiji, Uganda 32 A Maharatna CPSE
Slide 33: Other related business
Other related business eV charging • Total 16 EV charging stations in 7 cities • 55 EV Charging station under implementation through FAME India Scheme Phase II • 13 EV charging station under implementation in metro cities • Agreement for EV Charging Station development signed with HPCL, CESC Mysuru,
Slide 34: Business Outlook
Business Outlook 34 A Maharatna CPSE
Slide 35: Business Outlook
Business Outlook Works in Hand Ongoing Projects ~ ₹ 17,000 crore New Projects ~ ₹ 6,000 crore TBCB Projects ~ ₹ 18,000 crore Total ~ ₹ 41,000 crore ~ ₹ 10,300 crore Immediate Upcoming Opportunities Inter-State Transmission works in RE Intra-State Transmission works in TBCB ~ ₹ 9,300 crore ~ ₹ 1,000
Slide 36: Transmission system for evacuation of GW Renewable Power from Leh
Transmission system for evacuation of 10 GW Renewable Power from Leh • Detailed Project Report prepared and submitted to Ministry of Power • Proposed scheme – • 10 GW renewable power to be evacuated through 4 nos. of ±350 kV VSC HVDC terminals • Two separate transmission systems i.e. Pang to Kaithal
Slide 37: Focussing forward
Focussing forward Renewable Power (Solar) Generations on surplus land Intra-state transmission and sub-transmission networks Centre of Excellence for Cyber Security in Power Sector in association with IISc, Bangalore Incubation Centre – To promote Smart Grid technology 37 A Maharatna CPSE
Slide 38: Sectoral Growth Outlook
Sectoral Growth Outlook NIP Vision 2025 • 24x7 clean and affordable power to be available to all • Total Capacity to grow to 583 GW (present 382 GW) with RE share ~ 39% • Per capita consumption of electricity to increase to 1,616 kWh POWERGRID • RE share in consumption to increase to 20% • Promotion
Slide 39: Awards & Accolades
Awards & Accolades 39 A Maharatna CPSE
Slide 40: Awards and Accolades
Awards and Accolades Platts Top250 Global ▪ ‘Fastest Growing Electric Utility in Asia Pacific’ for 7th successive year Energy Company ▪ Only Company to feature in Top 50 of global list, each year since 2014 Rankings®, 2020 ▪ Globally, positioned as the 4th Fastest Growing Electric Utility 2021 ATD B
Slide 41: Thank You
THANK YOU 41 A Maharatna CPSE
Power Grid Corporation of India — FY2021 Earnings Presentation on 6ix