Torrent Power Limited · NSE:TORNTPOWER
Torrent Power — Q3 FY2019-20 Earnings Presentation
24 slides from Torrent Power's earnings presentation, Feb 12, 2020
Slide 1: Exchange filing cover letter
POWER 1ih February, 2020 To, To, Corporate Relationship Department Listing Department, BSE Ltd National Stock Exchange of India Ltd 14th Floor, P. J. Towers, "Exchange Plaza" , C - 1, Block G Dalal Street, Fort, Bandra- Kurla Complex, Bandra ( East), Mumbai-400 001 Mumbai 400 051 SCRIP CODE: 532779
Slide 2: Investor Presentation Q3 2019-20
INVESTOR PRESENTATION Q3 2019-20
Slide 3: 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 4: Presentation Outline
Presentation Outline Sr. No. Particulars 1. Torrent Group 2. Torrent Power Limited 3. Overview of Operations : Q3 2019-20 4. Investment Rationale 5. Five Year Trend : Key Financial & Technical Statistics
Slide 5: 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 • Ranked No. 1 among Indian Pharma companies in Brazil, Germany & Philippines TORRENT POWER LIMI
Slide 6: Torrent Group (Contd…)
Torrent Group (Contd…) Turnover $ 3010 Mn Market Cap $ 6299 Mn Enterprise Value $ 8295 Mn Employees 23,000+ Spreading smiles Illuminating Lives Not just healthcare… Lifecare Generating Trust. Distributing Opportunities. Building pan-India state-of-art Turnover: $ 1109 Mn Turnover: $ 1901 Mn city gas
Slide 7: Torrent Power Limited
2. Torrent Power Limited Spreading smiles Illuminating Lives Thermal Solar Wind Transmission Distribution - Licensed - 2730 MW state- - 355 kms 400 kV distribution areas - 138- 138 MWMWoper- of - 649 - 430MWMWoper- of of-art gas based operational & 128 Kms of - Licensed covering Ahmed- ational capac
Slide 8: 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 9: Portfolio of Assets: Renewable Generation
Torrent Power Limited (Contd…) PORTFOLIO OF ASSETS : RENEWABLE GENERATION 51 87 49.6 201.6 50.9 50.4 120 126 50 Adjacent Gulbarga & Patan in to SUGEN Jamnagar Kutch in Rajkot in Bhavnagar Osmanabad Kutch, Raichur in Gujarat Plant, in Gujarat Gujarat Gujarat in Gujarat Maharashtra Gujarat Karnataka G
Slide 10: 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 1,906 MW 687 MW 66 MW 555 MVA 458
Slide 11: Upcoming Distribution License Area
Torrent Power Limited (Contd…) PORTFOLIO OF ASSETS : UPCOMING DISTRIBUTION LICENSE AREA The Company has been awarded distribution license for Dholera Special Industrial Region (Dholera SIR) of ~920 Sq Kms for 25 years as additional licensee Dholera SIR is a major project in the Delhi-Mumbai Indu
Slide 12: Upcoming Distribution Franchise Area
Torrent Power Limited (Contd…) PORTFOLIO OF ASSETS : UPCOMING DISTRIBUTION FRANCHISE AREA TPL has been awarded the distribution franchise for Shil, Mumbra & Kalwa area by MSEDCL, based on competitive bidding process for 20 years. The ~65 Sq Kms area is part of Thane Urban Circle of MSEDCL and is
Slide 13: Overview of Operations: Consolidated Income Statement
3. Overview of Operations – Q3 2019-20 CONSOLIDATED INCOME STATEMENT Q3 19-20 Q3 18-19 Growth YTD 19-20 YTD 18-19 Growth FY 18-19 Particulars (Rs. Cr.) Unaudited Unaudited % Unaudited Unaudited % Audited Revenue from Operations 3,079 3,254 (5%) 10,657 10,226 4% 13,151 Power Purchase Cost 1,793 2,155
Slide 14: Overview of Operations: Drivers and Dividend
Overview of Operations – Q3 2019-20 (Contd…) The major drivers of increase in the reported Total Comprehensive Income for the quarter are: Increase in contribution from gas-based power plants due to operationalisation of long term PPA for 278 MWs capacity from Q2 19-20 & higher merchant power sale
Slide 15: Thermal PLF and Net Generation
Overview of Operations – Q3 2019-20 (Contd…) Thermal PLF (%)/ Net Generation (MUs) 76.52% 60.42% 59.78% 54.42% 55.59% 1489 559 402 1344 MUs MUs MUs MUs 491 MUs 0.00% 0.00% 0.00% SUGEN UNOSUGEN DGEN AMGEN 1147.5 MW 382.5 MW 1200 MW 362 MW Q3 2018-19 Q3 2019-20
Slide 16: Renewable PLF and MUs Dispatched
Overview of Operations – Q3 2019-20 (Contd…) Renewable PLF (%)/MUs Dispatched 21.73% 18.65% 17.94% 16.55% 187 MUs 180 55 50 MUs MUs MUs 264 433 MW 599 MW 138 MW MUs WIND SOLAR Q3 2018-19 Q3 2019-20
Slide 17: Distribution Units and T&D Loss
Overview of Operations – Q3 2019-20 (Contd…) USO/Purchase (MUs) 1,863 1,791 807 873 949 781 401 399 A'bad Surat Bhiwandi Agra Q3 18-19 Q3 19-20 T&D Loss (%) T&D Loss (%) 15.84% 13.77% 13.44% 12.53% 5.15% 5.04% 3.11% 3.51% A'bad Surat Bhiwandi Agra YTD 18-19 YTD 19-20 YTD 18-19 YTD 19-20
Slide 18: Investment Rationale
4. 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 • Direct import of LNG at ables; expect the increase in considering the efficient cost returns to rise above renewables capacity e
Slide 19: Value Creation
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 20: Five Year Trend: Key Financial Statistics
5. Five Year Trend - Key Financial Statistics Revenues from Operations (₹ Crore) EBIDTA (₹ Crore)/EBIDTA Margin (%) 13151 11716 11512 3381 3389 10396 3336 10000 2651 2423 27% 26% 28% 29% 23% 2014-15 2015-16 2016-17 2017-18 2018-19 2014-15 2015-16 2016-17 2017-18 2018-19 TCI (₹ Crore) Net Worth (₹ Cr
Slide 21: Five Year Trend: Key Financial Statistics (Contd…)
Five Year Trend - Key Financial Statistics (Contd…) Net Debt / EBITDA Net Debt Equity Ratio 0.93 0.93 0.92 2.95 2.99 0.89 2.49 2.61 2.26 0.80 2014-15 2015-16 2016-17 2017-18 2018-19 2014-15 2015-16 2016-17 2017-18 2018-19 Return on Capital Employed Return on Networth 11.21% 13.22% 12.62% 9.62% 8.23%
Slide 22: Five Year Trend: Key Technical Statistics
Five Year Trend - Key Technical Statistics (Contd…) SUGEN PAF-PLF (%) T&D loss (%) Distribution Licensee 98.12% 98.38% 96.38% 95.86% 98.46% 7.15% 7.34% 6.81% 6.31% 5.61% 65.26% 62.29% 47.50% 35.78% 4.09% 3.89% 3.92% 3.59% 25.70% 3.43% 2014-15 2015-16 2016-17 2017-18 2018-19 2014-15 2015-16 2016-17 2
Slide 23: Thank You
Contact details: Rishi Shah Torrent Power Limited THANK YOU “Samanvay”, 600 Tapovan, Ambawadi, Ahmedabad 380015 Ph. No. (079) 26628473 Email: IR@torrentpower.com www.torrentpower.com
Slide 24: Media Release: Q3 FY 2019-20 Results
MEDIA RELEASE In case of any enquiry / clarification, please contact Mr. Jayesh Desai on +91 9824501396 TORRENT POWER REPORTS Q3 FY 2019-20 RESULTS Revenue from Opera ons ₹ 3,079 crs in Q3 FY 2019-20 compared to ₹ 3,254 crs in Q3 FY 2018-19 ₹ 10,657 crs in YTD FY 2019-20 compared to ₹ 10,226 crs in Y