Jsw Energy Limited · NSE:JSWENERGY
Jsw Energy — Q1 FY22 Earnings Presentation
36 slides from Jsw Energy's earnings presentation, Jul 30, 2021
Slide 1: Q1 FY22 Results Presentation
Q1 FY22 Results Presentation July 30 2021
Slide 2: Forward Looking and Cautionary Statement
Forward Looking and Cautionary Statement This presentation has been prepared by JSW Energy Limited (the “Company”) based upon information available in the public domain solely for information purposes without regard to any specific objectives, financial situations or informational needs of any parti
Slide 3: Team India Tokyo Olympics salute
fr ——4 \ | TEAM INDIA Z| uly / | ® me Gam i WG rhaas & Sa) Champions can't be stopped While the world came to a standstill, our champions kept going. Working harder and longer to help our nation shine on the global stage. JSW salutes their commitment and wishes the Indian contingent the very best fo
Slide 4: Key Highlights for Q1 FY22 (1/2)
Key Highlights for Q1 FY22 (1/2) • Long Term (LT) Net Generation: Higher by 4% YoY • LT Net Thermal Generation: Higher by 13% YoY Operational • Commenced operations from 45 MW uprated capacity at Karcham Wangtoo HEP in July ’21. Operational capacity of the plant increased from 1,000 MW to 1,045 MW •
Slide 5: Key Highlights for Q1 FY22 (2/2)
Key Highlights for Q1 FY22 (2/2) • Renewable-led growth to reach 10 GW capacity by FY25 and 20 GW by FY30 • 2.5 GW under-construction in full-swing: o 810 MW - SECI IX: 100% capacity under LT PPA (Signed PPA for 270 MW in July, and 540 MW earlier in May) o 450 MW - SECI X: PPA to be signed in Q2 FY2
Slide 6: Progress Update: Renewable Projects
Progress Update: Renewable Projects Transforming to ~70% Renewable by FY25 and ~85% by FY30 Key Updates on 2.5 GW Under-construction projects: 810 MW SECI-IX: Renewable 20 GW (Hydro+Wind+Solar) 100% capacity tied under LT PPA Thermal PPA 270 MW PPA secured in July; 540 MW was secured earlier in
Slide 7: JSW & FFI to collaborate on Green Hydrogen
JSW & FFI to collaborate on Green Hydrogen India’s Hydrogen Potential Spearheading development of Green Hydrogen in a bid to decarbonize the economy Significant H2 demand H2 Expected to grow to ~24 MMT by 2050; can spur USD 65-70 Bn investments in incremental RE capacity National Hydrogen Mission •
Slide 8: Agenda
Agenda Sustainability Operational & Financial Performance Growth Strategy Business Environment Appendix JSW Energy Q1 FY22 Results Presentation 8
Slide 9: Agenda
Agenda Sustainability Operational & Financial Performance Growth Strategy Business Environment Appendix JSW Energy Q1 FY22 Results Presentation 9
Slide 10: Comprehensive Covid-19 Relief & Response
Comprehensive Covid-19 Relief & Response 2,800+ workforce vaccinated via 24x7 Covid support helpdesk for 450+ beds provided in isolation drives conducted across locations employees and their families. centres created across locations Hospital beds and Covid Ambulance for village communities 40 Oxyge
Slide 11: Sustainability: Framework and Priorities
Sustainability: Framework and Priorities 17 Focus Areas with 2030 Targets from 2020 as Base Year Governance & Oversight by Sustainability Committee Climate Change: Biodiversity: No Net Loss for Biodiversity Committed to being carbon neutral by 2050 Mr. Sunil Goyal 2 Independent Reduce our carbon emi
Slide 12: Sustainability: Targets and Strategy
Sustainability: Targets and Strategy SD Targets FY20 Actuals FY30 Targets Improvement Strategic Approach • Increased share of renewable energy for deep decarbonization Climate • GHG Emissions 0.76 0.304 • Process efficiency improvements Change 60% tCO2e/ MWh • Replacement of condenser tubes with gra
Slide 13: Sustainability Initiatives
Sustainability Initiatives Committed Towards Efficient Waste Efforts To Reduce Air Emissions By Rainwater Harvesting in one of India’s Management Modification of ESP Driest regions Before After Building a state of the art infrastructure for bulk shipments of Fly Modification of Electrostatic Restora
Slide 14: Continuing our Health & Safety Excellence Journey
Continuing our Health & Safety Excellence Journey Figures are for Q1 FY22 JSW CARES assessment completed for 34 of 77 contractors at various locations Safety Meetings (Monthly) with contractors 18,000+ Safety Observations INFLUENCING POSITIVE SAFETY BEHAVIOR OF OUR WORKFORCE MySetu Software implemen
Slide 15: Empowering Our Communities
Empowering Our Communities Empowering communities with sustainable livelihoods National Youth Boxing Championship 13 boxers selected: CSR Footprint 3 from JSW Energy’s – JSW Energy SHIKHAR Initiative (Hydro plants), and 10 from Inspire Institute of Sport, (IIS), Vijayanagar Further, 2 SHIKHARites wo
Slide 16: Agenda
Agenda Sustainability Operational & Financial Performance Growth Strategy Business Environment Appendix JSW Energy Q1 FY22 Results Presentation 16
Slide 17: Operational Performance
Operational Performance Net Generation (MU) Hydro: PAF and PLF 1,634 -15% 1,398 Renewable 101% 107% Q1 FY21 • Hydro PAF higher YoY 1391 MW Hydro* 58% 49% Q1 FY22 9 MW Solar Long Term • Renewable Net Generation lower by 15% YoY o This was due to lower water flow at Q1 FY21 Q1 FY22 PAF PLF hydro plant
Slide 18: Consolidated Financial Performance
Consolidated Financial Performance Total Revenue1 (` Crore) EBITDA (` Crore) and EBITDA Margins 1,887 -1% 1,860 +0.4% 827 830 • Revenue decline mainly attributable to the impact of job work at the standalone entity, which was partly offset by increase in long 44% 45% term sales and higher other inco
Slide 19: EBITDA Bridge
EBITDA Bridge Particulars in ` Crore Steady EBITDA generation JSW Energy Q1 FY22 Results Presentation 19
Slide 20: Robust Balance Sheet
Robust Balance Sheet Figures in ` Crore As on Jun 30, 2021 • Amongst the strongest balance sheets in the sector - Well positioned to pursue growth opportunities Networth 15,939 Net Debt 6,565 • Strong Liquidity with healthy cash balances1: `1,648 Crore Net Debt/EBITDA 2.09x • Financial flexibility e
Slide 21: Net Debt Movement
Net Debt Movement Particulars in ` Crore Large balance sheet headroom available to embark on growth projects * Includes unencumbered bank balances, FDs, and liquid mutual funds JSW Energy Q1 FY22 Results Presentation 21
Slide 22: Trade Receivables
Trade Receivables • Receivables decline 30% YoY in Q1 FY22 Consolidated Trade Receivables* (` Crore ) • YoY: Q1 FY21 was impacted by Covid related delays from customers • QoQ: Impact due to seasonality in Hydro generation as well as Covid related delays due to 4000 second wave of covid in Q1 3500 30
Slide 23: Balance Sheet
Balance Sheet Net Debt (` Crore) Net Worth (` Crore) 8,945 8,493 7,671 15,939 13,900 14,507 6,719 6,565 13,037 6,206 11,646 12,202 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Leverage Ratios Wt. Average Cost of Debt Net Debt/Equity Net Debt/TTM EBITDA 9.12% 2.
Slide 24: Agenda
Agenda Sustainability Operational & Financial Performance Growth Strategy Business Environment Appendix JSW Energy Q1 FY22 Results Presentation 24
Slide 25: Indian Economy
Indian Economy Real GDP Growth 30.00% 22.1% • Real GDP growth estimated at 22.1% in Q1 FY22, as per 15.00% 5.4% 4.6% 3.3% 3.0% RBI ; FY22 growth projected at 9.5% 0.5% 1.6% 0.00% • Aggregate demand conditions are recovering, spurred by -15.00% -7.4% unlock measures and the pace of vaccination: E-way
Slide 26: Power Demand
Power Demand Power Demand Growth YoY +38.2% • All India Peak Power Demand hit an all time high of +40.0% ~201 GW in July’21 +30.0% +22.0% • Earlier, in Jun’21, Jan’21 and Dec’20, peak +20.0% +13.1% demand had reached all time highs of ~197 GW, +11.1% +4.5% +8.6% +3.2% +4.5% ~186 GW and ~183 GW respe
Slide 27: Power Generation
Power Generation Power Generation Growth YoY Segment-wise Share in Generation Total +38.5% Generation 1,376 1,389 1,382 316 368 +40.0% (BU) 3.1% 3.8% 3.7% 4.3% 3.5% +30.0% +22.5% 9.2% 10.0% 10.6% 11.4% 12.1% +20.0% 9.8% 11.2% +11.2% +5.5% 10.9% 9.8% +7.5% 13.0% +10.0% +7.2% +3.5% +5.1% +4.8% +0.0% 0
Slide 28: Installed Capacity (1/2)
Installed Capacity (1/2) Sector-wise Installed Capacity Segment-wise Installed Capacity State, 97.0 GW Central, RE, 96.8 GW 25.2% 27.0% 96.8 GW +2,522 MW * 25.2% -670 MW* +6 MW 384.1 GW 384.1 GW Hydro, Thermal 46.3 GW 234.1 GW 12.1% , 60.9% +113 MW* -670 MW ** Private, 47.7% Nuclear, 1.8% 6.8 GW 183
Slide 29: Installed Capacity (2/2)
Installed Capacity (2/2) Overall Segment-wise Net Capacity Addition (GW) RE Segment-wise Net Capacity Addition (GW) 14.0 12.1 0.3 9.4 12.0 8.6 0.1 0.9 0.5 0.5 7.4 1.6 2.1 0.4 9.4 7.4 1.6 8.6 2.0 2.0 4.3 4.1 0.1 6.5 6.4 2.5 1.6 5.5 0.6 - 3.4 2.5 0.2 0.4 0.1 2.3 (0.7) 0.5 FY19 FY20 FY21 Q1 FY21 Q1 FY2
Slide 30: Agenda
Agenda Sustainability Operational & Financial Performance Growth Strategy Business Environment Appendix JSW Energy Q1 FY22 Results Presentation 30
Slide 31: Operational Performance – Net Generation
Operational Performance – Net Generation Net Generation Location Capacity Q1 FY22 Q1 FY21 Change YoY % MUs MUs % LT 92% 1,382 1,303 +6% Ratnagiri (1,200 MW) Total 100% 1,410 1,385 +2% Barmer (1,080 MW) LT 100% 1,573 1,492 +5% LT 35% 615 365 +68% Vijayanagar (860 MW) Total 100% 733 405 +81% Nandyal (
Slide 32: Operational Performance – PLF
Operational Performance – PLF PLF Location Capacity Q1 FY22 Q1 FY21 Remarks – Q1 FY22 % % % LT 92% 63 (*80) 71 (*91) Ratnagiri (1,200 MW) Total 100% 59 (*74) 58 (*73) Higher LT sales Barmer (1,080 MW) LT 100% 73 (*79) 70 (*84) Higher LT sales LT 35% 102 (*103) 62 (*85) Vijayanagar (860 MW) Total 100
Slide 33: Consolidated Financial Results
Consolidated Financial Results Particulars in ` Crore Q1 FY22 Q1 FY21 Total Revenue1 1,860 1,887 EBITDA 830 827 EBITDA Margin(%) 45% 44% Finance Cost 290 240 Regular 198 240 One-off2 92 - Depreciation 288 290 Profit Before Tax 252 297 Profit After Tax 201 213 Adjusted Profit After Tax5 261 213 Gross
Slide 34: Entity-wise Financial Results
Entity-wise Financial Results Entity-wise Revenue from Operations Particulars in ` Crore Q1 FY22 Q1 FY21 Standalone1 758 804 JSW Energy (Barmer) 637 649 JSW Hydro Energy 291 334 JPTL 18 18 Consolidated* 1,728 1,805 Entity-wise EBITDA Particulars in ` Crore Q1 FY22 Q1 FY21 Standalone 257 205 JSW Ener
Slide 35: Q1 FY22 Performance – JSW Hydro Energy Ltd
Q1 FY22 Performance – JSW Hydro Energy Ltd Generation (MU) Key Highlights : 1,644 1,632 1,405 1,394 Gross Generation Healthy Operational and Financial Performance Net Generation Receivable Days decline to 69 days at end of Jun’21 from Q1 FY21 Q1 FY22 160 at the end of Jun’20 PAF • Q1 FY21 receiv
Slide 36: Investor Relations Contact
JSWRelations Investor Steel Limited Contact: ir.jswenergy@jsw.in Investor presentation August, 2020