Torrent Power Limited · NSE:TORNTPOWER
Torrent Power — Q2 FY2018-19 Earnings Presentation
20 slides from Torrent Power's earnings presentation, 2018
Slide 1: Investor Presentation Q2 FY 2018-19
INVESTOR PRESENTATION Q2 FY 2018-19
Slide 2: Disclaimer
Disclaimer This information may contain certain forward-looking statements/details in the current scenario, which is extremely dynamic and increasingly fraught with risks and uncertainties. Actual results, performances, achievements or sequence of events may be materially different from the views ex
Slide 3: Presentation Outline
Presentation Outline Sr. No. Particulars 1. Torrent Group 2. Torrent Power Limited 3. Overview of Operations : Q2 FY 2018-19 4. Overview of Upcoming Projects 5. Investment Rationale 6. Five Year Trend : Key Financial & Technical Statistics
Slide 4: Torrent Group
1. Torrent Group TORRENT PHARMACEUTICALS LIMITED • A generics pharmaceutical major with strong global footprint • Ranked in top 10 in Indian pharma market with leading position in niche therapeutic areas • Largest Indian pharma company in Brazil & Germany TORRENT POWER LIMITED • Leading private sect
Slide 5: Torrent Group (Contd…)
Torrent Group (Contd…) Turnover $ 2674 Mn Market Cap $ 5369 Mn Enterprise Value $ 7620 Mn Employees 22,000+ Spreading smiles Illuminating Lives Not just healthcare… Lifecare Generating Trust. Distributing Opportunities. Turnover: $ 904 Mn Turnover: $ 1770 Mn Building a pan-India state-of- art city g
Slide 6: Torrent Power Limited
2. Torrent Power Limited Spreading smiles Illuminating Lives Thermal Solar Wind Transmission Distribution - 2730 MW state- - 355 kms 400 kV - Licensed - 138- 138 MWMW oper- - 430 - 430MWMWoper- of - distribution areas of & 128 Kms of of-art gas based Licensed ational capacity ational capacity operat
Slide 7: Portfolio of Assets: Thermal Generation
Torrent Power Limited (Contd…) PORTFOLIO OF ASSETS : THERMAL GENERATION 1147.5 MW 382.5 MW 1200 MW 362 MW (3 x 382.5) (1 x 382.5) (3 x 400) (1 x 120 MW, 2 x 121 MW) Gas-based CCPP Gas-based CCPP Gas-based CCPP Coal Based Near Surat, Gujarat Near Surat, Gujarat Near Bharuch, Ahmedabad, Gujarat Gujara
Slide 8: Portfolio of Assets: Renewable Generation
Torrent Power Limited (Contd…) PORTFOLIO OF ASSETS : RENEWABLE GENERATION 51 87 49.6 201.6 60.8 50.4 120 Adjacent to Lalpur, Gulbarga & Patan in Bhuj in Bhavnagar in SUGEN Plant, Jamnagar in Rajkot in Gujarat Raichur in Gujarat Gujarat Gujarat Gujarat Gujarat Karnataka 32 MW 27.3 MW commissioned in
Slide 9: Portfolio of Assets: Distribution
Torrent Power Limited (Contd…) PORTFOLIO OF ASSETS : DISTRIBUTION Licensed Distribution Franchised Distribution Particulars Ahmedabad/ Surat Dahej Bhiwandi Agra Gandhinagar Licensed Area ~ 356 sq. km. ~ 52 sq. km. ~ 17 sq. km. ~ 721 sq. km. ~ 221 sq. km. Peak Demand 1,832 MW 671 MW 58 MW 576 MVA 443
Slide 10: Overview of Operations – Q2 FY 2018-19
3. Overview of Operations – Q2 FY 2018-19 ₹ in Crore Q2 18-19 Q2 17-18 % H1 18-19 H1 17-18 % FY 17-18 Consolidated (Unaudited) (Unaudited) Growth (Unaudited) (Unaudited) Growth (Audited) Revenue from Operations 3,445 2,909 18% 6,973 5,953 17% 11,512 Fuel, Power & Other 2,130 1,747 4,563 3,655 7,057
Slide 11: Overview of Operations – Q2 FY 2018-19 (Contd…)
Overview of Operations – Q2 FY 2018-19 (Contd…) Increase in the Total Comprehensive Income for the quarter was driven by: Reduction in T & D loss of regulated & franchised distribution businesses; Improved sales volumes and contribution rates in regulated & franchised distribution businesses; Increa
Slide 12: Thermal and Renewable PLF and Dispatch
Overview of Operations – Q2 FY 2018-19 (Contd…) Thermal PLF (%)/MUs Dispatched Renewable PLF (%)/MUs Dispatched 93.51% 44.14% 71.74% 72.73% 33.49% 65.83% 475 684 MUs MUs 14.06% 1772 616 247 MUs 1626 13.01% MUs MUs MUs 43 40 MUs MUs 1147.5 MW 422 MW 362 MW 277 MW 430.5 MW 138 MW SUGEN AMGEN Wind Sola
Slide 13: Distribution Units, T&D Loss and AT&C Loss
Overview of Operations – Q2 FY 2018-19 (Contd…) USO/Purchase (MUs) 2163 2,071 874 865 900 915 656 618 A'bad Surat Bhiwandi Agra Q2 17-18 Q2 18-19 T&D Loss (%) AT&C Loss (%) 4.60% 5.28% 4.13% 20.55% 20.09% 14.70% 13.38% 1.29% A'bad Surat Bhiwandi Agra Q2 2017-18 Q2 2018-19 Q2 2017-18 Q2 2018-19
Slide 14: Overview of Wind Projects under Development
4. Overview of Wind Projects under Development Particulars/ Project SECI I SECI III MSEDCL SECI V Capacity (In MW) 150 499.8 126 115 SCOD Oct, 2018* Nov, 2019 Jan, 2020 18 Months from PPA effective date Location (District, Kutch, Gujarat Kutch, Osmanbad, Kutch, Gujarat State) Gujarat Maharashtra Fix
Slide 15: Investment Rationale
5. Investment Rationale • State of the art gas • Huge growth • Need for a robust • Opportunities for based plants potential in renew- grid to support huge private sector ables at returns increase in considering the • Direct import of LNG higher than COE renewables capacity endemic at efficient cost
Slide 16: Investment Rationale (Contd…)
Investment Rationale (Contd…) Excellent operational Regulated records Promising businesses growth ensuring opportunities stable returns Unmatched Strong project distribution management model skills World class Rational generation Value allocation of assets Creation capital
Slide 17: Five Year Trend - Key Financial Statistics
6. Five Year Trend - Key Financial Statistics Revenues from Operations (₹ Crore) EBIDTA (₹ Crore)/EBIDTA Margin (%) 11716 11512 10396 10000 3381 3336 8681 2651 2423 1534 28% 29% 23% 27% 18% 2013-14 2014-15 2015-16 2016-17 2017-18 2013-14 2014-15 2015-16 2016-17 2017-18 PAT (₹ Crore) Net Worth (₹ Cro
Slide 18: Five Year Trend - Key Financial Statistics (Contd…)
Five Year Trend - Key Financial Statistics (Contd…) Net Debt / EBITDA Gearing Ratio 4.59 1.37 1.26 1.10 1.06 1.01 2.88 2.94 2.47 2.18 2013-14 2014-15 2015-16 2016-17 2017-18 2013-14 2014-15 2015-16 2016-17 2017-18 Return on Capital Employed Return on Networth 11.95 11.04 11.70% 9.78% 5.00 5.26 8.23%
Slide 19: Five Year Trend - Key Technical Statistics
Five Year Trend - Key Technical Statistics (Contd…) SUGEN PAF-PLF (%) T&D loss (%) 7.27% 7.34% 7.15% 6.81% 98.89% 98.12% 98.38% 96.38% 95.86% 6.31% 65.26% 5.12% 4.88% 4.71% 47.50% 4.65% 4.35% 35.78% 22.87% 25.70% 2013-14 2014-15 2015-16 2016-17 2017-18 2013-14 2014-15 2015-16 2016-17 2017-18 PAF PLF
Slide 20: Thank You
Contact details: Rishi Shah Torrent Power Limited THANK YOU “Samanvay”, 600 Tapovan, Ambawadi, Ahmedabad 380015 Ph. No. (079) 26628473 www.torrentpower.com