Jsw Energy Limited · NSE:JSWENERGY
Jsw Energy — Q4 FY22 Earnings Presentation
79 slides from Jsw Energy's earnings presentation, May 3, 2022
Slide 1: Exchange filing cover letter
Energy Limited Regd. Office : JSW Centre Bandra Kurla Complex Bandra (East), Mumbai - 400 051 CIN: L74999MH1994PLC077041 Phone: 022 – 4286 1000 Fax: 022 – 4286 3000 Website: www.jsw.in SEC / JSWEL 3rd May, 2022 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers “Exchange
Slide 2: Q4 and FY22 Results Presentation
Q4 and FY22 Results Presentation May 3, 2022
Slide 3: 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 4: Commenced operations at 225 MW Solar
Commenced operations at 225 MW Solar plant in Vijayanagar, Karnataka
Slide 5: FY 2022: Key Achievements
FY 2022: Key Achievements • Achieved Leadership Band (A-) in Climate Disclosure Project (CDP) – Highest rating in the power sector in India • Safety recognitions by British Safety Council for all Thermal plants including the prestigious “Sword of Honor” for Barmer • Net Generation higher by 4% YoY a
Slide 6: Key Highlights for Q4FY22 (1/2)
Key Highlights for Q4FY22 (1/2) • Overall Generation: higher by 15% YoY in Q4, driven by higher long term sales • Total Hydro Generation: higher by 15% YoY in Q4 due to better hydrology Operational • Total Thermal Generation: higher by 15% YoY in Q4 driven by higher long term sales • Highest-ever Qu
Slide 7: Key Highlights for Q4FY22 (2/2)
Key Highlights for Q4FY22 (2/2) • Group Captive 958 MW Wind & Solar: commenced operations at 225 MW solar plant in Apr’22; balance wind capacities commissioning from Q1 FY24 Strategic Update • SECI IX & X 1.26 GW Wind projects: Phase-wise commissioning from Q2 FY23 on 2.5 GW • Kutehr HEP 240 MW: PPA
Slide 8: Agenda
Agenda Sustainability Strategic Update Operational & Financial Performance Growth Strategy Business Environment Appendix JSW Energy Q4 FY22 Results Presentation 7
Slide 9: Agenda
Agenda Sustainability Strategic Update Operational & Financial Performance Growth Strategy Business Environment Appendix JSW Energy Q4 FY22 Results Presentation 8
Slide 10: Continuing our Health & Safety Excellence Journey
Continuing our Health & Safety Excellence Journey All Figures are for Q4 FY22 Zero severe injuries/fatalities in Q4 LTIFR (FY22): 0.099 75% of all JSWEL contractors covered by JSW CARES audit. 2 Contractors achieve 5 Star rating & 5 contractors achieve 4 Star in a stringent Internal Assessment 68,00
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: Committed to being carbon neutral by 2050 Renewable Power: Enhance the renewable Mr. Sunil Goyal power to 2/3rd of our Total Installed C
Slide 12: Sustainability: Targets and Strategy
Sustainability: Targets and Strategy SD Targets FY20 Actuals FY30 Targets Improvement Strategic Initiatives and 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 condense
Slide 13: Sustainability: FY22 Performance
Sustainability: FY22 Performance Key Highlights Performance • 119 MU energy savings achieved in FY22 Ash Utilisation (%) Climate • Ratnagiri - Energy savings of 108 kwh/day in compressor operations due to Change modification in air supply & LDO system 100% 100% • Commissioned 1.06 MWp Captive Solar
Slide 14: Sustainability: Initiatives and Disclosures
Sustainability: Initiatives and Disclosures Key Sustainability Initiatives during Q4 JSW Hydro Energy launched an online ESG Profile • New plantations of Mango (600+ plants) near premises of Ratnagiri plant • Planted ~200 sapling of Chilgoza pine (Pinus gigardiana) at slopes near Sholtu (Himachal Pr
Slide 15: Sustainability: Empowering Our Communities
Sustainability: Empowering Our Communities Health & Nutrition Education & Learning • ~16,000 beneficiaries who availed health care services through • Added 600+ children from various zila parishads, trusts, other multi-specialty hospitals, clinic and OPDs schools in Ratnagiri and Barmer through the
Slide 16: Sustainability: Recognition of Global Best Practices
Sustainability: Recognition of Global Best Practices JSW Energy received Silver Shield Award for JSW Energy’s Integrated Reporting recognized in the Sustainability Reporting by ICAI Global LACP Vision Awards • JSW Energy won the prestigious ICAI Silver Shield Award for • JSW Energy recognized by LAC
Slide 17: Agenda
Agenda Sustainability Strategic Update Operational & Financial Performance Growth Strategy Business Environment Appendix JSW Energy Q4 FY22 Results Presentation 16
Slide 18: Being at the Forefront of Energy Transition
Being at the forefront of Energy Transition JSWEL’s Twin Engines of Growth: Well-positioned for significant value creation Scaling to 20 GW by 2030 via Renewables Being future-ready : New Energy Solutions Under-Construction 20 GW Energy Storage: Hydro Pumped Storage (PSP) and Battery Operational Sto
Slide 19: Robust Balance Sheet & Cashflows to aid growth
Robust Balance Sheet & Cashflows to aid growth Large balance sheet headroom to pursue growth Healthy internal accruals & financial flexibility to opportunities support long term growth Existing Portfolio (4.8 GW): • Strong credit metrics : • Generating healthy CF & mid-teen equity returns2 Figures i
Slide 20: Progress Update on Renewable Projects (1/3)
Progress Update on Renewable Projects (1/3) 2.5 GW Renewable Projects Portfolio Plant Capacity (MW) Segment Location PPA/Offtake Commissioning Group Captive – Operational from 225 Solar Karnataka 25-Year; JSW Steel JSW Steel Apr’22 SECI - IX 810 Wind Tamil Nadu 25-Year; SECI progressively from SECI
Slide 21: Progress Update on Renewable Projects (2/3)
Progress Update on Renewable Projects (2/3) 1250 MW SECI-IX & X Wind, Tamil Nadu • WTG Foundation Reinforcement works in progress in Tuticorin • Switchyard Equipment erection completed JSW Energy Q4 FY22 Results Presentation 20
Slide 22: Progress Update on Renewable Projects (3/3)
Progress Update on Renewable Projects (3/3) 240 MW Kutehr HEP, Himachal Pradesh • Diverted river stream in the barrage successfully • Completed ~70% (14.6 km) tunneling work (up from ~60% in Q3) well ahead of timelines JSW Energy Q4 FY22 Results Presentation 21
Slide 23: Agenda
Agenda Sustainability Strategic Update Operational & Financial Performance Growth Strategy Business Environment Appendix JSW Energy Q4 FY22 Results Presentation 22
Slide 24: Operational Performance – Q4 FY22
Operational Performance – Q4 FY22 Net Generation (MU) Hydro: PAF and PLF 15% • Hydro PAF and PLF higher YoY Q4 FY21 Renewable 95% 100% 1,391 MW Hydro* 384 443 Short Term Q4 FY22 • Renewable Net Generation higher by 15% 9 MW Solar Long Term YoY due to higher water flow at hydro plants 384 443 14% 15%
Slide 25: Operational Performance – FY22
Operational Performance – FY22 Net Generation (MU) Hydro: PAF and PLF • Hydro PAF up YoY - 2% 5,641 5,535 FY21 103% 107% Renewable • Renewable Net Generation slightly lower by 1,391 MW Hydro* Short Term FY22 2% YoY due to lower water flow at hydro plants 5,641 5,480 50% 48% 9 MW Solar Long Term • Ov
Slide 26: Consolidated Financial Performance
Consolidated Financial Performance Total Revenue1 (` Crore) EBITDA (` Crore) and EBITDA Margins 22% 32% • Q4 Total Revenue and EBITDA 8,736 increase mainly attributable to one-off 4,138 7,160 revenue in JSW Hydro Energy. This 3,144 FY21 99% one-off was on account of tariff true- 64% FY21 FY22 up ord
Slide 27: EBITDA Bridge
EBITDA Bridge Figures in ` Crore Q4 FY JSW Energy Q4 FY22 Results Presentation 26
Slide 28: Net Debt Movement
Net Debt Movement Figures in ` Crore Net Debt increase with growth capex while strong cashflows continue to support balance sheet JSW Energy Q4 FY22 Results Presentation * Includes unencumbered bank balances, FDs, and liquid mutual funds 27
Slide 29: Superior Financial Risk Profile
Superior Financial Risk Profile Net Debt (` Crore) Net Worth (` Crore) 17,415 15,939 15,789 16,082 13,900 14,507 6,719 6,963 6,565 6,509 6,206 6,021 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Leverage Ratios Wt. Average Cost of Debt Net Debt/Equity Net Debt/T
Slide 30: Healthy Trade Receivables
Healthy Trade Receivables Consolidated Trade Receivables* (` Crore ) • Receivables days decline to 59 days at Mar’22 from 69 days at Mar’21 • Receivables flat YoY at the end of FY22. This is in contrast to the power sector scenario which has witnessed 18% increase** 1800 YoY 1600 1400 1,307 1,356 1,
Slide 31: Agenda
Agenda Sustainability Strategic Update Operational & Financial Performance Growth Strategy Business Environment Appendix JSW Energy Q4 FY22 Results Presentation 30
Slide 32: Indian Economy
Indian Economy Real GDP Growth • High frequency economic indicators depict mixed recovery signals 30.0% • Services PMI prints are encouraging, on easing pandemic related 20.1% restrictions, while Manufacturing PMI moderates 15.0% 8.4% 5.4% 4.6% 3.3% 3.0% 5.4% • GST collections are healthy in Q4; the
Slide 33: Power Demand
Power Demand Power Demand Growth YoY • Power demand in FY22 saw a strong increase of 7.9% 38% YoY +40.0% • A strong pickup in economic activity coupled with +30.0% a low base effect 17% 22% +20.0% 4% 2% 9% 11% 0% 3% • In FY21 demand had declined by 1.2% YoY +10.0% 6% 4% 11% 2% 3% when Covid-19 led r
Slide 34: Power Generation
Power Generation Power Generation Growth YoY Segment-wise Share in Generation Total 39% Generation 1,376 1,389 1,382 1,490 +40.0% (BU) 3.1% 3.8% 3.7% 3.7% +30.0% 22% 9.2% 10.0% 10.6% 11.4% +20.0% 16% 9.8% 11% 11% 6% 11.2% 10.9% 10.2% 8% 8% +10.0% 4% 5% 5% 5% 5% 1% 0% 1% 0% 3% -2% 3% 2% -10% -10.0% -
Slide 35: Installed Capacity (1/2)
Installed Capacity (1/2) As on March 31, 2022 Sector-wise Installed Capacity Segment-wise Installed Capacity Central, State, 109.9 GW 104.9 GW +5,007 MW* Renewable, 99.0 GW 24.8% 26.2% +471 MW* 27.5% +458 MW* 399.5 GW 399.5 GW Thermal, 46.7 GW Hydro, 59.1% 236.1 GW +210 MW* 11.7% +890 MW* Private, 4
Slide 36: Installed Capacity (2/2)
Installed Capacity (2/2) Overall Segment-wise Net Capacity Addition (GW) RE Segment-wise Net Capacity Addition (GW) 17.3 15.5 0.5 0.4 14.0 1.1 12.1 0.3 12.0 0.1 0.5 9.4 9.4 15.5 8.6 0.9 7.4 8.6 7.4 0.5 1.6 2.1 0.4 13.9 1.6 4.3 4.1 3.4 6.5 6.4 5.5 1.4 FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 Thermal R
Slide 37: Merchant Market – Day Ahead Market
Merchant Market – Day Ahead Market YoY Trend: Monthly Average Merchant Tariff (`/unit) Linear Trend: Monthly Average Merchant Tariff (`/unit) 10.00 12.00 9.00 8.00 10.00 7.00 8.00 6.00 5.00 6.00 4.00 4.00 3.00 2.00 2.00 1.00 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 0.00 Apr-08 Apr-10 Apr-12 A
Slide 38: Agenda
Agenda Sustainability Strategic Update Operational & Financial Performance Growth Strategy Business Environment Appendix JSW Energy Q4 FY22 Results Presentation 37
Slide 39: Operational Performance – Net Generation
Operational Performance – Net Generation Net Generation Location Capacity Q4 FY22 Q4 FY21 Change FY22 FY21 Change YoY YoY % MUs MUs % MUs MUs % LT 90% 1,290 1,085 +19% 5,270 5,255 +0% Ratnagiri (1,200 MW) Total 100% 1,355 1,172 +16% 5,514 5,677 (3%) Barmer (1,080 MW) LT 100% 1,608 1,526 +5% 6,515 6,
Slide 40: Operational Performance – PLF
Operational Performance – PLF Plant Load Factor (PLF) Location Capacity Q4 FY22 Q4 FY21 FY22 FY21 Remarks – Q4 FY22 YoY LT 90% Higher PPA tie-up partially offset by 85 (*104) 59 (*66) 61 (*79) 71 (*85) Ratnagiri (1,200 MW) maintenance activities Total 100% 57 (*69) 50 (*55) 57 (*73) 59 (*69) Barmer
Slide 41: Consolidated Financial Results
Consolidated Financial Results FY22 FY21 Particulars in ` Crore Q4 FY22 Q4 FY21 8,736 7,160 Total Revenue1 2,655 1,614 4,138 3,144 EBITDA 1,346 677 47% 44% EBITDA Margin(%) 51% 42% 3,542 3,070 EBITDA (Adjusted)2 821 603 777 896 Finance Cost 100 257 683 822 Interest Cost 170 183 94 74 Exceptional3 (6
Slide 42: Entity-wise Financial Results
Entity-wise Financial Results Entity-wise Revenue from Operations FY22 FY21 Particulars in ` Crore Q4 FY22 Q4 FY21 3,643 2,898 Standalone1 1,081 729 2,667 2,665 JSW Energy (Barmer) 740 625 1,856 1,223 JSW Hydro Energy2 812 123 72 72 JPTL 18 18 8,167 6,922 Consolidated* 2,441 1,570 Entity-wise EBITDA
Slide 43: Q4 & FY22 Performance – JSW Hydro Energy Ltd
Q4 & FY22 Performance – JSW Hydro Energy Ltd Key Highlights Q4 & FY22: Healthy Operational and Financial Performance Operational Performance Revenue & EBITDA includes one-off impact due to write-back of truing-up provision due to receipt of True-up tariff order of Period UoM Q4 Q4 Karcham Wangto
Slide 44: Annexure 1: Re-organisation of Green and Grey Business
Annexure 1: Re-organisation of Green and Grey Business To facilitate growth and unlock value for the shareholders, the renewable energy business will be housed under ‘JSW Neo Energy Limited’, a wholly owned subsidiary of the Company, while the thermal business will continue to be housed in the Compa
Slide 45: Broad Corporate Structure : Existing
Broad Corporate Structure : Existing Ratnagiri – 1,200 MW Hydro Entities Vijayanagar – 860 MW JSW Energy Limited Nandyal – 18 MW Solar/Wind Solar – 10 MW Entities Total – 2,088 MW JSW Hydro Energy Limited JSW Energy (Barmer) Jaigad Power Transco JSW Power Trading Co. (1,391 MW) JSW Future Energy Lim
Slide 46: Broad Corporate Structure : Post re-organisation
Broad Corporate Structure : Post re-organisation Ratnagiri – 1,200 MW Vijayanagar – 860 MW Hydro Entities JSW Energy Limited Nandyal – 18 MW Solar/Wind Total – 2,078 MW Entities JSW Neo Energy JSW Energy (Barmer) Jaigad Power Transco JSW Power Trading Co. 3,859 MW Limited (1080 MW) Limited* Limited
Slide 47: Investor Relations Contact
JSW Steel Limited Investor presentation Investor Relations Contact: ir.jswenergy@jsw.in August, 2020 JSW Energy ESG Profile: https://www.jsw.in/energy/jsw-energy-esg
Slide 48: Independent Auditor's Report on Standalone Results
INDEPENDENT AUDITOR’S REPORT ON AUDIT OF ANNUAL STANDALONE FINANCIAL RESULTS AND REVIEW OF QUARTERLY FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF JSW ENERGY LIMITED Opinion and Conclusion We have (a) audited the Standalone Financial Results for the year ended 31 March, 2022 and (b) reviewed the St
Slide 49: Auditor's Report (continued)
section below. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (“the ICAI”) together with the ethical requirements that are relevant to our audit of the Standalone Financial Results for the year ended 31 March, 2022 un
Slide 50: Auditor's Report (continued)
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the Annual Standalone Financial Results, whether due to fraud or error, design and perform aud
Slide 51: Auditor's Report (continued)
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related s
Slide 52: Statement of Standalone Financial Results
_ SI-=wW ENERGY LIMITED Registered Office : JSW Centre, Bandra Kurla Complex, Bandra (East), Mumbai-400051 CIN ; L74999MH1994PLC077041 Statement of Standalone Financial Results for the Quarter and Year Ended March 31, 2022 < crore Quarter Ended Year Ended Fea Particulars 31.03.2022 31.12.2021 31.03.
Slide 53: Standalone Statement of Assets and Liabilities
Standalone Statement of Assets and Liabilities Z Crore As at Particulars 31.03.2022 | 31.03.2021 Audited A. ASSETS 1. Non-current assets: (a) Property, plant and equipment 3,954.46 4,178.90 (b) Capital work-in-progress 23.44 33.85 (c) Other Intangible assets 2.20 1.22 (d) Investments in subsidiaries
Slide 54: Standalone Statement of Cash Flows
Standalone Statement of Cash Flows = Crore For the Year Ended For the Year Ended Particulars 31.03.2022 31.03.2021 Audited Audited CASH FLOW FROM OPERATING ACTIVITIES Profit before tax 818.08 307.74 Adjusted for: Depreciation and amortisation expense 327.69 358.07 Interest income earned on financial
Slide 55: Additional information pursuant to Regulation 52(4)
Additional information pursuant to Regulation 52(4) of Securities and Exchange Board Requirements) Regulations, 2015, as amended: of India (Listing Obligations and Disclosure Sr. No. Particulars As at/ Quarter Ended As at/ Year Ended As at/ Year Ended 34.03.2022 31.12.2021 31.03.2021 31.03.2022 31.0
Slide 56: Notes to standalone results
Notes : 1 The Board of Directors has recommended dividend of 20% ( % 2 per equity share of = 10 each) for the year 2021-22 subject to the approval off shareholders in the Annual General Meeting. 2 The Company has considered the possible effects that may result from the pandemic relating to COVID-19
Slide 57: Independent Auditor's Report on Consolidated Results
INDEPENDENT AUDITOR’S REPORT ON AUDIT OF ANNUAL CONSOLIDATED FINANCIAL RESULTS AND REVIEW OF QUARTERLY FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF JSW ENERGY LIMITED Opinion and Conclusion We have (a) audited the Consolidated Financial Results for the year ended 31 March, 2022 and (b) reviewed th
Slide 58: Auditor's Report (continued)
has not disclosed the information required to be disclosed in terms of Regulation 33, Regulation 52 and Regulation 54 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material mis
Slide 59: Auditor's Report (continued)
for assessing the ability of the respective entities to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate their respective entities or to cease
Slide 60: Auditor's Report (continued)
uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the Consolidated Financial Results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s repor
Slide 61: Auditor's Report (continued)
consists of making inquiries, primarily of the Company’s personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with SAs specified under section 143(10) of the Act
Slide 62: Auditor's Report (continued)
crores for the quarter and year ended 31 March, 2022 respectively and total comprehensive income of Rs 0.95 crores and Rs. 8.54 crores for the quarter and year ended 31 March, 2022 respectively, as considered in the Statement, in respect of an associate and a joint venture, whose financial statement
Slide 63: Annexure A: List of entities included
Annexure A List of entities included in the Statement (i) Subsidiaries a) JSW Hydro Energy Limited (formerly known as Himachal Baspa Power Company Limited) b) JSW Energy (Kutehr) Limited c) JSW Energy (Raigarh) Limited d) JSW Power Trading Company Limited (formerly known as JSW Green Energy Limited)
Slide 64: Statement of Consolidated Financial Results
sw ENERGY LIMITED Registered Office : JSW Centre, Bandra Kurla Complex, Bandra (East), Mumbai 400051 CIN: L74999MH1994PLC077041 Statement of Consolidated Financial Results for the Quarter and Year Ended March 31, 2022 & crore Quarter Ended Year Ended <r Particulars 31.03.2022 31.12.2021 31.03.2021 3
Slide 65: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities ( % crore ) Sr. = As at No. Particulars 31.03.2022 31.03.2021 Audited Audited A |ASSETS 1 |Non-current assets: (a) Property, plant and equipment 13,422.82 14,166.26 (b) Capital work-in-progress 2,090.60 472.77 {c) Goodwill 639.82 639.82 (d) Other inta
Slide 66: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows ( 2 crore ) Sr. [Particulars For the year ended For the year ended No. 31.03.2022 31.03.2021 Audited Audited 1. [CASH FLOW FROM OPERATING ACTIVITIES Profit before tax and deferred tax adjustable in future tariff 2,238.27 1,098.59 Adjusted for: Depreciation and am
Slide 67: Additional information
Additional information: Sr. No. Particulars As at / Quarter Ended As at / Year Ended 31.03.2022 31.12.2021 31.03.2021 31.03.2022 31.03.2021 1 10 11 12 13 14 Debt-Equity Ratio (in times) Total Borrowings (i.e. Non-current borrowings + Current borrowings) / Total Equity Debt Service Coverage Ratio (in
Slide 68: Notes to consolidated results
Notes: 1 The Board of Directors has recommended dividend of 20% ( % 2 per equity share of = 10 each) for the financial year 2021-22 subject to the approval of shareholders in the Annual General Meeting. 2 The Group has considered the possible effects that may result from the pandemic relating to COV
Slide 69: Press Release: Financial Results Q4 FY22
ae: Jew energy Press Release May 03, 2022 Financial Results for the Quarter and Year ended March 31, 2022 Mumbai, India: JSW Energy Limited (“JSW Energy” or the “Company”) today reported its results for the quarter (“Q4 FY22” or the “Quarter”) ended and the financial year (“FY22” or the “Year”) ende
Slide 70: Key Highlights of Q4 FY22 (Consolidated)
Key Highlights of Q4 FY22 (Consolidated): Operational: © Overall Generation higher by 15% YoY driven by higher long term sales © Total Hydro Generation: higher by 15% YoY due to better hydrology e Total Thermal Generation: higher by 15% YoY driven by higher long term sales Consolidated Financial: e
Slide 71: Awards and Recognitions
Awards and Recognitions: e JSW Energy won Silver Shield for Excellence in ‘Sustainability Reporting 2020-21’ by Institute for Chartered Accountants of India e Ratnagiri plant was awarded Best Thermal Power Generator 2022 by Independent Power Producers Association of India (IPPAI); also received ‘5 S
Slide 72: PLF achieved during Q4 FY22
The company’s diversified portfolio and favourable placement in Merit Order Despatch underpins higher generation and offtake. PLFs achieved during Q4 FY22 at various locations/plants are as follows: " Vijayanagar: The plant operated at an average PLF of 54% (55%?) vis-a-vis 40% (44%2) in Q4 FY21 due
Slide 73: Finance cost and revenue commentary
Finance cost during the quarter decreased by 61% YoY to %100 Crore from %257 Crore in the corresponding quarter of previous year. After adjusting for write back of interest provisions on regulatory liabilities (post Karcham Wangtoo true-up order), underlying finance cost decreased by 7% YoY to 170 C
Slide 74: Profit After Tax and Net Debt commentary
Profit After Tax (PAT) stood at an all-time high of 71,729 Crore, which was 117% higher YoY compared to a PAT of %795 Crore last year. PAT after adjusting for the for the impact of Karcham Wangtoo tariff order is €1,180 Crore in FY22. The Board recommended a dividend of £2 per share subject to appro
Slide 75: Growth Strategy and Business Environment
progressing well and scheduled to be progressively commissioned from Q1 FY24. e 240 MW Kutehr Hydro Project: PPA signed with Haryana discom. 70% of tunnelling work (~14.6 km) is completed, ahead of the target timelines of commissioning by September 2024. e JSW Energy’s current portfolio of 7 GW (2.2
Slide 76: Capacity addition and Outlook
addition in Renewable (+5.0 GW) and Thermal (+0.9 GW) segments. FY22 witnessed a record addition in the Renewable capacity at 15.5 GW, with additions of 13.9 GW in Solar and balance by other sources. Outlook: e The International Monetary Fund (IMF) in its latest publication (April 2022) on World Eco
Slide 77: Power sector outlook
headwinds. Further Union budget for FY23 has a strong focus on boosting government capex and reviving private sector spending. Production Linked Incentive (PLI) was further extended with additional funds allocation to support large scale manufacturing in India. RBI projects India’s GDP growth at 7.2
Slide 78: About JSW Energy
ABOUT JSW ENERGY: JSW Energy Ltd is one of the leading Private sector power producers in India and part of the USD 13 billion JSW Group which has significant presence in sectors such as steel, energy, infrastructure, cement, sports among others. JSW Energy Ltd has established its presence across the
Slide 79: Declaration of Audit Reports with unmodified opinion
~Energy Limited Regd. Office : JSW Centre, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051 CIN: L74999MH1994PLC077041 Phone: 022- 42861000 Fax: 022 - 4286 3000 Website: www.jsw.in SEC/ JSWEL 3rd May, 2022 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers "Exchange