Gmr Power And Urban Infra Ltd · NSE:GMRP&UI
Gmr Power And Urban Infra — Q1 FY2023 Earnings Presentation
37 slides from Gmr Power And Urban Infra's earnings presentation, Aug 9, 2022
Slide 1: Exchange disclosure letter and investor presentation cover
iJQWER & URBAN ~:NFRA August 9, 2022 BSE Limited, National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, G Block, Dalal Street, Bandra-Kurla Complex, Bandra (E) Mumbai 400001. Mumbai - 400051. Scrip: 543490 Symbol: GMRP&UI Dear Sir/Madam, Sub: Disclosure un
Slide 2: Investor Presentation Q1FY23
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Slide 3: Disclaimer
DISCLAIMER All statements, graphics, data, tables, charts, logos, names, figures and all other statements relating to future results of operation, financial condition, business information (“Contents”) contained in this document (“Material”) is prepared by GMR prospects, plans and objectives, are ba
Slide 4: Table of Contents
Table of Contents Particulars Pg. No. Overview 3–4 Financial Performance 5–8 Energy Business 9 – 12 Transportation and Urban Infrastructure Business 13 – 18 Strategy and Way Forward 19 –23 ESG Practices 24 – 25 Annexures 27 – 35 2
Slide 5: Snapshot of Businesses
Snapshot of Businesses Energy Highways & EPC Urban Infra 2 Coal Plants Solar 2 Annuity Projects Special Economic 1,650 MW 26 MW 133 kms Zone (SEZ) in – operational & 350 2 Toll Projects MW under 2 Wind Plants ~1,285 acres in 3.4 MW 186 kms Tamil Nadu development land at strategic
Slide 6: Corporate Structure
Corporate Structure GMR Power and Urban Infra Ltd. (GPUIL) 53.8% 82% 100% 100% Special Investment GMR Energy Other Energy Assets GMR Highways Ltd. Region Operational Projects Stake Operational Projects Stake Annuity Projects Stake Under Stake Development Warora Plant (Coal) 100% Rajahmundry Plant 45
Slide 7: Performance Highlights
Performance Highlights Humility | Entrepreneurship | Teamwork agi Relationships | Deliver the fe | Learning And Inner Excellence | Social Respofsibility | Reset for individuel
Slide 8: GPUIL Performance Highlights – Q1FY23
GPUIL Performance Highlights – Q1FY23 Consolidated Financials1 • Gross Revenues: ▼12% QoQ; ▲22% YoY to INR 10.7 bn in Q1FY23 • EBITDA ▲71% QoQ; ▲66% YoY to INR 1.4 bn in Q1FY23 • Net profit after tax2 Profit of INR 2.0 bn in Q1FY23 vs INR 2.7 bn loss in Q4FY22, INR 1.4 bn loss in Q1FY22 Revenu
Slide 9: GPUIL Performance Highlights – Q1FY23
GPUIL Performance Highlights – Q1FY23 Operational performance o Warora: 94% vs 54% YoY Energy – PLF o Kamalanga: 81% vs 83% YoY o Bajoli Holi: 50% o Hyderabad - Vijaywada: ▲41% YoY Highways – PCU Traffic growth* o Ambala - Chandigarh: ▲7% QoQ* Segmental Revenue# Net Revenue INR 10.2 bn Others 35.1%
Slide 10: GPUIL Consolidated Debt
GPUIL Consolidated Debt Net Debt (Sector-wise) ^ Gross & Net Debt (INR bn) ^ (in INR bn, %age of total) Others, 5 , 7% 81 3 78 Corporate, 36 , 46% Highways, 22 , 28% Gross Debt Cash & equivalents Net Debt Energy, 15 , 19% Gross debt reduced by INR 3 bn QoQ while net debt remained flat QoQ Note : FCC
Slide 11: Energy Business
Energy Business Humility | Entrepreneurship | Teamwork afi Relationships e fe | Learning And Inner Excellence | Social Respofsibility | Reset for individuel
Slide 12: Key Developments in Q1FY23 – Energy Business
Key Developments in Q1FY23 – Energy Business Warora Power Project • Revenue ▲10% QoQ; ▲77% YoY − PLF at 94% vs. 87% in Q4FY22 and 54% in Q1FY22 • EBITDA ▲19% QoQ; ▲2.8x YoY • Cash profit of INR 1.6 bn vs. INR 393 mn in Q4FY22 and loss of INR 311 mn in Q1FY22 • Resolution plan approvals received from
Slide 13: GMR Energy Ltd (GEL) - Operational & Financial Highlights YoY
GMR Energy Ltd (GEL) - Operational & Financial Highlights YoY (figures in INR mn) GEL Consolidated Warora Kamalanga Solar Particulars Proforma Q1FY2022 Q1FY2023 Q1FY2022 Q1FY2023 Q1FY2022 Q1FY2023 Q1FY2022 Q1FY2023 Revenue 8,680 13,580 2,583 4,565 5,734 7,330 140 140 EBITDA 2,346 5,471 553 1,546 1,7
Slide 14: Coal Assets - PT GEMS Performance YoY
Coal Assets - PT GEMS Performance YoY (figures in INR mn) 1 Golden Energy Mines Particulars Q1FY2022 Q1FY2023 Sales Vol. (mn tons) 9.3 8.5 Revenues 27,899 40,569 EBITDA 9,921 13,701 PAT 7,355 10,206 • Production ▼11% YoY to 7.9 mn tons in Q1FY23 due to export ban imposed by the government w.e.f Janu
Slide 15: Transportation and Urban Infrastructure Business (T&UI)
Transportation and Urban Infrastructure Business (T&UI)
Slide 16: Highway Business - Key Developments
Highway Business - Key Developments Hyderabad Vijayawada Project • Traffic ▲5% QoQ; ▲41% YoY to 11.8 Mn PCUs in Q1FY23 − On February 28, 2022, Sole Arbitrator has released his report on the claim quantification under Change-in-Law and awarded gross claim of INR 16.7 bn − Report submitted by Sole Arb
Slide 17: Highway Business - Key Developments
Highway Business - Key Developments Chennai ORR Project • GCORR received an award of INR 3.4 bn plus interest against Government of Tamil Nadu (GoTN) which was challenged by GOTN in Madras High Court − Single Bench, Madras High Court upheld Tribunal Award and dismissed the challenge of GoTN − Furthe
Slide 18: Highway Business Assets Performance YoY
Highway Business Assets Performance YoY (figures in INR mn) Hyderabad-Vijaywada Ambala - Chandigarh GPEL Chennai ORR Particulars Q1FY2022 Q1FY2023 Q1FY2022 Q1FY2023 Q1FY2022 Q1FY2023 Q1FY2022 Q1FY2023 Revenue 441 652 0 170 256 134 213 193 EBITDA 360 543 (50) 113 84 67 150 131 Interest 661 667 160 14
Slide 19: Urban Infrastructure – Potential to Unlock Value
Urban Infrastructure – Potential to Unlock Value Krishnagiri Special Investment Region: ~1,285 Acres • ~110 acres under discussion for sale to an agency of Tamil Nadu Govt. • Next phase of development being planned for ~270 acres under Joint Venture with TIDCO2 • Industrial cluster catering to elect
Slide 20: EPC in Dedicated Freight Corridor Projects
EPC in Dedicated Freight Corridor Projects DFCC’s Project Network GMR’s Scope and Highlights • GMR along with JV partner has been awarded contract to construct a part of the Kanpur DFC Eastern Corridor: Contract Length GMR’s Scope Value (INR (KMs) Bn) GMR’s stretch of work Mughalsarai to New Mughals
Slide 21: Strategy and Way Forward
Strategy and Way Forward Humility | Entrepreneurship | Teamwork agi Relationships | Deliver the fe | Learning And Inner Excellence | Social Respofsibility | Reset for individuel
Slide 22: India's Energy Sector is Undergoing a Paradigm Shift
India’s Energy Sector is Undergoing a Paradigm Shift A Renewables: Sharp growth expected in upstream B EV Infrastructure: Exponential growth in charging stations as renewable generation EV penetration grows 100%+ CAGR 175 GW 500 GW Target for 2022 Target for 2030 2.5-3k 80-100k # charging stations (
Slide 23: We Aim to be a Top Tier Cognitive Intuitive Clean Energy Company
We Aim to be a Top Tier Cognitive Intuitive Clean Energy Company 3 pillars of our strategy going forward Nurture & develop Enhance value of our new opportunities in existing businesses the green ecosystem • Aim for higher • Continue focus on utilization of asset & hydro & explore efficiency addition
Slide 24: 5 Overarching Principles to Operationalise the Strategy
To Operationalise the Strategy We Envision to Follow 5 Overarching Principles Principles ` High focus on ` Build on our group’s innovative, asset- strengths and light, platform-based leverage and technology- Deploy efficient Invest in emerging infrastructure assets capital structure and Enter strate
Slide 25: Clearly Defined Strategies to Capitalize on the Attractive Industry Prospects
Clearly Defined Strategies to Capitalize on the Attractive Industry Prospects Expedite the receipt of arbitration claims Highways Monetize the existing assets in phase wise manner Conclude the current monetization efforts: ~ 110 acres under discussion for sale to an agency of Tamil Nadu Govt
Slide 26: ESG Practices
ESG Practices Humility | Entrepreneurship | Teamwork afi Relationships e fe | Learning And Inner Excellence | Social Respofsibility | Reset for individuel
Slide 27: ESG - GPUIL
ESG - GPUIL Environment Profits • GWEL plant certified for Quality (ISO 9001), Energy (ISO 55001) and Water (ISO 45001). GKEL is certified for ISO 14001 and ISO 50001 CSR Spend (Q1FY23) - INR 4.2 mn • GWEL celebrated Environment Day by organizing Awareness Total beneficiaries - Over 30,000 Campaign
Slide 28: Thank You
Thank You For further information, please visit Website: www.gmrgroup.in or Contact: investor.relations@gmrgroup.in
Slide 29: Annexures
Annexures Humility | Entrepreneurship | Teamwork afi ela
Slide 30: Annexures
Annexures Particulars No. Profitability Statement (Consolidated) A Financial Performance • Energy Sector (Consolidated) B • Warora (Standalone) C • Kamalanga (Standalone) D • Bajoli Holi (Standalone) E • PT GEMS (Indonesian Coal Mine) F • Highways Sector (Consolidated) G 28
Slide 31: Annexure A : GPUIL (Consolidated)
Annexure A : GPUIL (Consolidated) INR mn Q1FY2022 Q4FY2022 Q1FY2023 Gross Revenue 8,756 12,110 10,687 Less: Revenue Share 313 412 483 Net Revenue 8,444 11,698 10,204 Total Expenditure 7,598 10,880 8,801 EBITDA 846 819 1,403 EBITDA margin 10% 7% 14% Other Income 435 610 947 Interest & Finance Charges
Slide 32: Annexure B : Energy Business (Consolidated)
Annexure B : Energy Business (Consolidated) INR mn Q1FY2022 Q4FY2022 Q1FY2023 Gross Revenue 4,467 6,698 5,473 Operating Expenditure 4,465 6,988 5,382 EBITDA 2 (290) 91 EBITDA margin 0% -4% 2% Other Income 171 131 43 Interest & Fin Charges 583 697 537 Depreciation 9 13 7 Exceptional Income/(Expense)
Slide 33: Annexure C : Warora (Standalone) Power Plant
Annexure C : Warora (Standalone) Power Plant INR mn Particulars Q1FY2022 Q4FY2022 Q1FY2023 Total Revenue 2,583 4,168 4,565 Fuel - Consumption 1,535 2,348 2,583 Other Expenses 495 523 435 EBITDA 553 1,297 1,546 EBITDA margin 21% 31% 34% Other Income 81 53 236 Interest & Finance Charges 945 957 1,024
Slide 34: Annexure D : Kamalanga (Standalone) Power Plant
Annexure D : Kamalanga (Standalone) Power Plant INR mn F Particulars Q1FY2022 Q4FY2022 Q1FY2023 Y Total Revenue 5,734 6,488 7,330 Fuel - Consumption 2,909 2,950 3,261 Other Expenses 1,069 1,144 1,052 EBITDA 1,757 2,394 3,016 EBITDA margin 31% 37% 41% Other Income 293 360 368 Interest & Finance Charg
Slide 35: Annexure E : Bajoli Holi (Standalone) Power Plant
Annexure E : Bajoli Holi (Standalone) Power Plant INR mn Particulars Q1FY2022 Q4FY2022 Q1FY2023 Total Revenue - 7 1,080 Fuel - Consumption - 127 Other Expenses - 36 160 EBITDA - (29) 793 EBITDA margin 0% -417% 73% Other Income - 24 Interest & Finance Charges - 916 Depreciation - 173 Exceptional Inco
Slide 36: Annexure F : PT GEMS (Indonesian Coal Mine)
Annexure F : PT GEMS (Indonesian Coal Mine) INR mn Particulars Q1FY2022 Q4FY2022 Q1FY2023 Production (mn tons) 8.9 7.0 7.9 Sales Volumes (mn tons) 9.3 6.6 8.5 Gross Revenue 27,899 39,354 40,569 Total Expenditure 17,977 24,240 26,869 EBITDA 9,921 15,113 13,701 EBITDA margin 36% 38% 34% Interest & Fin
Slide 37: Annexure G : Highway Business (Consolidated)
Annexure G : Highway Business (Consolidated) INR mn Q1FY2022 Q4FY2022 Q1FY2023 Gross Revenue 1,222 1,474 1,632 Less: Revenue Share 313 412 483 Net Revenue 909 1,062 1,149 Operating Expenses 359 282 271 EBITDA 550 780 878 EBITDA margin 61% 73% 76% Other Income 19 114 223 Interest & Finance Charges 1,
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