Tata Power Company Limited · NSE:TATAPOWER
Tata Power — The Tata Power Company — Q3 FY2012 Earnings Presentation
34 slides from Tata Power's earnings presentation, Feb 10, 2012
Slide 1: Analyst Call 10 February 2012
Presentation Title (Company The Tata Power Arial, Font sizeLtd. 28 ) Analyst Date, Venue, etc Font–size ..( Arial,Call 10 February 18 ) 2012 …Message Box ( Arial, Font size 18 Bold)
Slide 2: Disclaimer
Disclaimer Certain statements made in this presentation may not be based on historical information or facts and may be “forward looking statements”, including those relating to The Tata Power Company Limited‟s general business plans and strategy, its future outlook and growth prospects, and future d
Slide 3: Financial Performance – Standalone
Financial Performance – Standalone …Message Box ( Arial, Font size 18 Bold)
Slide 4: Standalone Results: Q3 FY12
Standalone Results: Q3 FY12 Quarter ended Nine months ended Year ended Particulars 31-Dec-11 30-Sep-11 31-Dec-10 31-Dec-11 31-Dec-10 31-Mar-11 (A) MUs MUs MUs MUs MUs MUs 1. Generation 3,970 3,772 3,713 11,631 11,794 15,325 2. Sales 3,922 3,793 3,824 11,647 12,283 16,060 (B) ` Crores ` Crores ` Cror
Slide 5: Standalone Segmental Results: Q3 FY12
Standalone Segmental Results: Q3 FY12 ` Crores Quarter ended Nine months ended Year ended Particulars 31-Dec-11 30-Sep-11 31-Dec-10 31-Dec-11 31-Dec-10 31-Mar-11 Segment Revenue Power Business 2,175.20 1,888.45 1,614.87 5,920.07 5,037.59 6,733.27 Others 76.66 59.60 37.01 201.08 118.26 185.21 Total S
Slide 6: Q3 FY12 vs. Q3 FY11 Financial Performance – Standalone
Q3 FY12 vs. Q3 FY11 Financial Performance – Standalone …Message Box ( Arial, Font size 18 Bold)
Slide 7: Q3 FY12 Highlights – Standalone
Q3 FY 12 Highlights – Standalone Gross generation at 3970 MUs as against 3713 MUs in PY up by 7% - Generation in Mumbai LA was 2886 MUs as against 2487 MUs in PY up by 16% - Higher generation from Unit 5,6,8 and hydros - Generation outside Mumbai LA was 1084 MUs as against 1226 MUs in PY down by 12%
Slide 8: Q3 FY12 Financial Highlights – Standalone
Q3 FY 12 Financial Highlights – Standalone • Revenue at Rs. 2161.05 Cr (PY Rs. 1595.87 Cr) up by 35% • Higher mainly due to higher fuel costs, truing-up adjustments on account of higher entitlements under MYT since billed revenue is based on tariff order of 1 September 2010, commissioning of 99 MW P
Slide 9: Q3 FY12 Financial Highlights – Standalone
Q3 FY 12 Financial Highlights – Standalone • Cost of Fuel at Rs. 1329.89 Cr (PY Rs. 855.59 Cr) higher by 55% • Rs. 96 Cr due to higher generation, Rs. 77 Cr due to change in fuel mix in Mumbai LA , Rs. 342 Cr due to higher fuel prices offset by higher fuel efficiency of Rs. 41 Cr • Cost of component
Slide 10: Q3 FY12 Financial Highlights – Standalone
Q3 FY 12 Financial Highlights – Standalone • Profit from Operations before Other Income, Interest and Exceptional Items at Rs. 323.97 Cr (PY Rs. 203.27 Cr) higher by 61% • Other Income • Gain on Exchange at Rs. 273.79 Cr compared to gain on exchange of Rs. 5.80 Cr in PY due to impact of AS11 account
Slide 11: Q3 FY12 Financial Highlights – Standalone
Q3 FY 12 Financial Highlights – Standalone • Profit Before Interest and Exceptional Items at Rs. 734.45 Cr (PY Rs. 288.51 Cr) up by 154% • Interest at Rs. 127.99 Cr (PY Rs. 109.49 Cr) up by 17% • Higher primarily due to capitalization of Poolavadi and Agaswadi wind farms (Rs. 12 Cr) and higher capit
Slide 12: YTD FY12 vs. YTD FY11 Financial Performance – Standalone
YTD FY12 vs. YTD FY11 Financial Performance – Standalone …Message Box ( Arial, Font size 18 Bold)
Slide 13: YTD Q3 FY12 Highlights – Standalone
YTD Q3 FY 12 Highlights – Standalone Gross generation at 11631 MUs as against 11794 MUs in PY down by 1% - Generation in Mumbai LA was 8308 MUs as against 7872 MUs in PY up by 6% - Mainly due to higher generation from hydros, conversion of Unit#8 from merchant to regulated offset by lower generation
Slide 14: YTD Q3 FY12 Highlights – Standalone
YTD Q3 FY 12 Highlights – Standalone • Revenue at Rs. 5867.51 Cr (PY Rs. 4969.14 Cr) higher by 18% • Mainly due to impact of higher fuel cost (Rs. 767 Cr), higher truing up adjustments on account of higher entitlements under MYT Regulation coupled with higher capitalisation (Rs. 105 Cr) and improved
Slide 15: YTD Q3 FY12 Highlights – Standalone
YTD Q3 FY 12 Highlights – Standalone • Profit from Operations before Other Income, Interest and Exceptional Items at Rs. 902.50 Cr (PY Rs. 745.76 Cr) higher by 21% • Other Income • Gain on Exchange at Rs. 208.56 Cr as compared to Gain on Exchange of Rs. 44.24 Cr in PY due to impact of AS11 • Others
Slide 16: YTD Q3 FY12 Highlights – Standalone
YTD Q3 FY 12 Highlights – Standalone • Profit before Tax at Rs. 1535.97 Cr (PY Rs. 854.57 Cr) up by 80% • Provision for Tax at Rs. 483.21 Cr (PY Rs. 180.79 Cr) higher by 167% • Increase in Current tax from Rs. 132 Cr in PY to Rs. 325 Cr mainly due to higher profits (Rs. 143 Cr) and increase in effec
Slide 17: Financial Performance – Consolidated
Financial Performance – Consolidated …Message Box ( Arial, Font size 18 Bold)
Slide 18: Q3 FY12 Financial Results (Consolidated) - Limited Review
Q3FY 12 Financial Results (Consolidated) - Limited Review Quarter ended Nine months ended Year ended Particulars 31-Dec-11 30-Sep-11 31-Dec-10 31-Dec-11 31-Dec-10 31-Mar-11 (Reviewed) (Reviewed) (Audited) ` Cr or es ` Cr or es ` Cr or es ` Cr or es ` Cr or es ` Cr or es 1. a) Revenue 6,281.00 5,406.
Slide 19: vs. Q3FY11 Financial Performance – Consolidated
Q3 FY 12 vs. Q3FY11 Financial Performance – Consolidated …Message Box ( Arial, Font size 18 Bold)
Slide 20: Q3 FY12 Financial Highlights – Consolidated
Q3 FY 12 Financial Highlights – Consolidated • Total Income at Rs. 6659.87 Cr (PY Rs. 4440.93 Cr) up by 50% • Increase of Rs. 952 Cr in coal companies (Rs. 498 Cr due to higher realization, higher quantity of coal sold (Rs. 174 Cr) and depreciation of INR Rs. 280) • Higher in Tata Power by Rs. 641 C
Slide 21: Q3 FY12 Financial Highlights – Consolidated
Q3 FY 12 Financial Highlights – Consolidated • Key reasons for variation in the Total Expenditure are as follows: • Staff Costs up by Rs. 80 Cr mainly due to higher staff cost in KPC due to weaker rupee and salary revisions (Rs. 48 Cr), Tata Power (Rs. 15 Cr) as explained earlier and TPDDL (Rs. 14 C
Slide 22: Q3 FY12 Financial Highlights – Consolidated
Q3 FY 12 Financial Highlights – Consolidated • Gain on exchange of Rs. 387.90 Cr (PY Rs. 32.06) mainly due to impact of adoption of AS11 on CGPL (Rs. 135 Cr) and Tata Power Standalone (Rs. 268 Cr) offset by forex loss in KPC and Arutmin due to VAT realignments (Rs. 40 Cr) • Other Income up by Rs. 22
Slide 23: YTD FY12 vs. YTD FY11 Financial Performance – Consolidated
YTD FY 12 vs. YTD FY11 Financial Performance – Consolidated …Message Box ( Arial, Font size 18 Bold)
Slide 24: YTD Q3 FY12 Financial Highlights – Consolidated
YTD Q3 FY 12 Financial Highlights – Consolidated • Total Income at Rs. 18766.64 Cr (PY Rs. 14435.28 Cr) up by 30% • Increase of Rs. 2103 Cr in coal companies mainly due to higher realizations (Rs. 1432 Cr), higher quantity of coal sold (Rs. 466 Cr) and exchange rate fluctuation (Rs. 205 Cr) • Higher
Slide 25: YTD Q3 FY12 Financial Highlights – Consolidated
YTD Q3 FY 12 Financial Highlights – Consolidated • Key reasons for variation in the Total Expenditure are as follows: • Staff costs higher by Rs. 227 Cr mainly due to Tata Power Standalone (Rs. 109 Cr) as explained earlier and higher staff costs in KPC (Rs. 71 Cr) • Cost of Power Purchased up by Rs.
Slide 26: YTD Q3 FY12 Financial Highlights – Consolidated
YTD Q3 FY 12 Financial Highlights – Consolidated • Loss on Exchange of Rs. 259.11 Cr (Gain on Exchange of PY Rs. 101.68) mainly due to reversal of Rs. 481 Cr Fx gain booked in PY • Provision for impairment of Rs. 985 Cr mainly due to impairment in CGPL due to revised coal prices in Q2FY12 and provis
Slide 27: Segment wise Financial Performance – Consolidated
Segment wise Financial Performance – Consolidated …Message Box ( Arial, Font size 18 Bold)
Slide 28: Segment Results (Consolidated): Q3 FY12
Segment Results (Consolidated): Q3 FY12 (Ltd. Review) ` Cr or es Quarter ended Nine months ended Year ended Particulars 31-Dec-11 30-Sep-11 31-Dec-10 31-Dec-11 31-Dec-10 31-Mar-11 (Reviewed) (Reviewed) (Audited) Segment Revenue Power Business 3,909.85 3,934.43 2,611.26 11,564.58 9,108.76 12,305.62 C
Slide 29: Segment Highlights (Consolidated): Q3 FY12
Segment Highlights (Consolidated): Q3 FY12 • Revenue from Power Business at Rs. 3909.85 Cr (PY Rs. 2611.26 Cr) up by 50% • Higher in Tata Power Standalone by Rs. 621 Cr as explained earlier • Higher in TPTCL by Rs. 302 Cr mainly due to higher average rate of power sold and higher volumes (Rs. 229 Cr
Slide 30: Segment Highlights (Consolidated): YTD Q3 FY12
Segment Highlights (Consolidated): YTD Q3 FY12 • Revenue from Power Business at Rs. 11564.58 Cr (PY Rs. 9108.76 Cr) up by 27% • Increase in revenue of Rs. 781 Cr in TPDDL due to higher power purchase and fuel cost and impact of ATE order • Increase by Rs. 1070 Cr in Tata Power mainly due to higher p
Slide 31: Subsidiary Performance
Subsidiary Performance …Message Box ( Arial, Font size 18 Bold)
Slide 32: Key Subsidiary Performance: Q3 FY12
Key Subsidiary Performance: Q3 FY 12 Key Subsidiaries Op. Income Op. Profit PBT PAT % change Q3FY 12 Q3FY 11 Q3FY 12 Q3FY 11 Q3FY 12 Q3FY 11 Q3FY 12 Q3FY 11 in PAT TPDDL 1061.4 788.5 134.9 95.9 39.3 44.4 30.4 34.8 -12.64% Powerlinks 70.1 73.5 67.2 70.9 35.0 35.0 28.0 28.0 0.0% Industrial Energy 105.
Slide 33: Key Subsidiary Performance: YTD Q3 FY12
Key Subsidiary Performance: YTD Q3 FY 12 Key Subsidiaries Op. Income Op. Profit PBT PAT % change in PAT YTDFY 12 YTDFY 11 YTDFY 12 YTDFY 11 YTDFY 12 YTDFY 11 YTDFY 12 YTDFY 11 TPDDL 3994.5 3063.5 581.3 339.8 335.6 207.4 264.7 165.6 59.84% Powerlinks 212.0 218.7 202.4 209.2 103.9 101.8 83.1 81.5 1.96
Slide 34: Thank you
Thank you …Message Box ( Arial, Font size 18 Bold)
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