Powergrid Infrastructure Invesment Trust · NSE:PGINVIT
Powergrid Infrastructure Invesment Trust — POWERGRID Infrastructure Investment Trust — Q3 FY2025 Earnings Presentation
14 slides from Powergrid Infrastructure Invesment Trust's earnings presentation, February 2025
Slide 1: POWERGRID Infrastructure Investment Trust Investor Presentation Q3 FY 2025
POWERGRID POWERGRID Infrastructure Infrastructure Investment Investment Trust Trust Investor Presentation Q3 FY 2025
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 Trust Structure PGInvIT Overview PGInvIT at a glance Operational PGInvIT Performance Financial Distribution Project Updates Business Outlook Glossary India’s First InvIT Sponsored by a Maharatna CPSE 3
Slide 4: PGInvIT Structure
PGInvIT Structure Unitholding Pattern (as on December 31, 2024) FPI- 18.97% IC- 4.49% PF- 7.26% MF- 4.17% Individuals- 35.03% Others- 15.08% 4 Notes: 2. Holds 136.5 mn units 1. 74% stake acquired at the time of IPO (May 2021). Balance 26% of VTL acquired in Mar’22 and 3. Hold 773.5 mn units FPI-Fore
Slide 5: PGInvIT at a glance
PGInvIT at a glance India’s 1st InvIT sponsored by a CPSE…. confidence of marquee investors…. ....powered by AAA – Assets….Assurance….Advantage Sponsor & Project Manager- POWERGRID 5 Operational and Revenue Perpetual ownership with Billing and Collection a Maharatna CPSE; one of Availability-based T
Slide 6: PGInvIT- Initial Portfolio Assets
PGInvIT- Initial Portfolio Assets Description VTL PKATL PPTL PWTL PJTL Andhra Pradesh Madhya Pradesh Location Himachal Pradesh Maharashtra Madhya Pradesh and Telangana and Maharashtra No. of lines & substations 2 lines 1 line; 1 S/S 3 lines; 1 S/S 4 lines; 1 S/S 1 line Line length (ckm) 956.84 2.47
Slide 7: Operational Performance –Q3FY25
Operational Performance –Q3FY25 Surpassing Availability Goals with POWERGRID’s O&M Management for PGInvIT POWERGRID’s in- Avg. Availability* - Q3FY25 Avg. Availability* - upto Q3FY25 house capabilities help PGInvIT in … 2.00% 2.00% 2.00% 1.91% 2.00% 2.00% 1.99% 1.99% 1.97% 1.88% Preventive maintenan
Slide 8: Financial Performance – Q3FY25
Financial Performance – Q3FY25 Financials providing consistent, stable, visible returns for unitholders Financials (Consolidated) NDCF at SPVs NDCF at PGInvIT ( Q3FY2025 ) 623 14 (₹ in mn) 2,723 VTL -124 Total Income -7 475 PKATL 482 101 1,770 • ₹ 3,292 mn PPTL 796 Operating Expenses PWTL 865 • ₹ 19
Slide 9: Debt Profile
Debt Profile EXTERNAL BORROWING (TERM LOAN) (Drawn in Mar-22) (Drawn in Dec-24) ~Rs.5,756 mn ~Rs.5,060 mn ~ 79% Debt Rate of Interest -Linked to 3-month T-bill; repayment post Reset on quarterly basis Rate of Interest -Linked to Repo Rate; Tenor 16 years Reset on quarterly basis 10 years. Tenor 16 y
Slide 10: Distribution
Distribution 4.50 Total Distribution since IPO ₹ 43.50 per unit ₹ 3.00 Distributions (₹ per unit) per unit 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 Repayment of Treasury SPV Debt (Exempt) (11.15%) (0.32%) • ₹ 1.88 - Interest Div. • ₹ 0.39 - Dividend (Taxable) (Exempt) (7.75%)
Slide 11: RTM Project Updates
RTM Project Updates 1 x 400 kV line bay at 765/400 kV Parli Substation for RE Interconnection • Allotted to POWERGRID Parli Transmission Limited on 02.01.2024 • Implementation by : 31.12.2025 • Estimated Cost : ~ Rs. 25 Cr. • Tariff to be determined as per applicable CERC Regulations • Capital Struc
Slide 12: Business Outlook
Business Outlook Growth Balance 26 % of PKATL, PPTL, PJTL & PWTL Prospects • Acquired in December 2024. Targeted through debt Other Acquisition opportunities Valuation by Independent ❑ Asset Sale by Other Developers Valuer • Limited Acquisition opportunities at present in transmission sector. Corpor
Slide 13: Glossary
Glossary Term Description AUM Assets Under Management ckm circuit kilometres CPSE Central Public Sector Enterprise CTUIL Central Transmission Utility of India Ltd DOCO Date of Commercial Operation Q3FY25/Q3FY2025 Quarter ended December 31, 2024 PGInvIT POWERGRID Infrastructure Investment Trust IM In
Slide 14: Thank you
Thank you www.pginvit.in
POWERGRID Infrastructure Investment Trust — Q3 FY2025 Earnings Presentation on 6ix