Powergrid Infrastructure Invesment Trust · NSE:PGINVIT
Powergrid Infrastructure Invesment Trust — POWERGRID Infrastructure Investment Trust — H1 FY2024 Earnings Presentation
14 slides from Powergrid Infrastructure Invesment Trust's earnings presentation, Nov 20, 2023
Slide 1: POWERGRID Infrastructure Investment Trust Investor Presentation Q2 & H1FY2024
POWERGRID POWERGRID Infrastructure Infrastructure Investment Investment Trust Trust Investor Presentation Q2 & H1FY2024 November 20, 2023
Slide 2: Disclaimer
Disclaimer By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: ▪ This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell any secur
Slide 3: Presentation Outline
Presentation Outline Trust Structure PGInvIT Overview PGInvIT at a glance Operational PGInvIT Performance Financial Distribution Business Outlook Glossary India’s First InvIT Sponsored by a Maharatna CPSE 3
Slide 4: PGInvIT Structure
PGInvIT Structure (as on September 30, 2023) Major Unitholders FPI- 21.13% IC- 8.93% PF- 7.38% MF- 5.16% Individuals- 27.01% Others- 15.39% Notes: 2. Holds 136.5 mn units 1. Balance 26% stake eligible for acquisition, after expiry of the lock-in conditions under the TSA. i.e. FPI-Foreign Portfolio I
Slide 5: PGInvIT at a glance
PGInvIT at a glance India’s 1st InvIT sponsored by a CPSE…. confidence of marquee investors…. ....powered by AAA – Assets….Assurance….Advantage Sponsor & Project Manager- POWERGRID 5 Operational and Revenue Perpetual ownership with Billing and Collection a Maharatna CPSE; one of Availability-based T
Slide 6: PGInvIT - Initial Portfolio Assets
PGInvIT- Initial Portfolio Assets Description VTL PKATL PPTL PWTL PJTL Andhra Pradesh Madhya Pradesh Location Himachal Pradesh Maharashtra Madhya Pradesh and Telangana and Maharashtra No. of lines & substations 2 lines 1 line; 1 S/S 3 lines; 1 S/S 4 lines; 1 S/S 1 line Line length (ckm) 956.84 2.47
Slide 7: Operational Performance – H1FY24
Operational Performance – H1FY24 Consistently achieving High Availability of Assets …… ……with POWERGRID as Project Manager to PGInvIT Routine and Preventive Avg. Availability* - Q2FY24 Avg. Availability* - H1FY24 Maintenance In-house maintenance 2.00% 2.00% 1.97% 1.95% 2.00% 1.95% 2.00% 1.83% 1.93%
Slide 8: Financial Performance – Q2FY24
Financial Performance – Q2FY24 Financials providing consistent, stable, visible returns for unitholders Financials (Consolidated) NDCF at SPVs NDCFNDCF at PGInvIT at PGInvIT (Q2FY24) (₹ in mn) VTL Total Income 583.90 PKATL 30.89 • ₹ 3,256.27 Mn PPTL 723.08 >90% Operating Expenses PWTL upstreamed 796
Slide 9: Financial Performance – H1FY24
Financial Performance – H1FY24 Financials providing consistent, stable, visible returns for unitholders Financials (Consolidated) NDCF at SPVs NDCFNDCF at PGInvIT at PGInvIT (HY1FY24) (₹ in mn) VTL Total Income 1,068.14 PKATL 143.20 • ₹ 6,466.93 Mn PPTL 1,356.21 >90% Operating Expenses PWTL upstream
Slide 10: Debt Profile
Debt Profile External Debt Bank Loan Rate of Tenor Loan More than 80% Debt (Drawn in Mar-22) Interest 16 years Outstanding repayment post 10 (as on Sept 30, 2023) Linked to 3- ~Rs.5,756 mn month T-bill; years ~Rs.5,713 mn Reset on quarterly basis Net Debt/ AUM: 1.22% (as on September 30, 2023) India
Slide 11: Distribution
Distribution Distributions (₹ per unit) Total Distribution since IPO 4.50 ₹ 28.50 per unit # Distribution declared for Q2FY24 Repayment Treasury 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 of SPV Debt (Exempt) • ₹ 1.97 - Interest (7.8%) (0.2%) • ₹ 0.34 - Dividend (Taxable) ₹ 3.00 • ₹ 0.21 - Dividend (Ex
Slide 12: Business Outlook
Business Outlook Completion of 5 years from Commercial Operation Date Acquisition envisaged during the year Balance 26% equity (PKATL-Jul’22; PPTL- Jun’23; PWTL-Jul’23; PJTL-Jan ‘24) Targeted through Debt stake in four SPVs Valuation by independent Valuer from Sponsor Right with PGInvIT to acquire b
Slide 13: Glossary
Glossary Term Description AUM Assets Under Management ckm circuit kilometres CPSE Central Public Sector Enterprise CTUIL Central Transmission Utility of India Ltd DOCO Date of Commercial Operation Q2FY24/Q2FY2024 Quarter ended September 30, 2023 H1FY24/H1FY2024 Half Year ended September 30, 2023 IM
Slide 14: Thank you
Thank you www.pginvit.in
POWERGRID Infrastructure Investment Trust — H1 FY2024 Earnings Presentation on 6ix