Jsw Energy Limited · NSE:JSWENERGY
Jsw Energy — Investor Presentation (July 2023)
76 slides from Jsw Energy's investor presentation, July 2023
Slide 1: Delivering Promises, Realising True Potential
Delivering Promises Realising True Potential Corporate Presentation July 2023
Slide 2: 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 3: JSW Group Overview
JSW Energy Steel Power producer with 9.8 GW of generation portfolio, India’s leading integrated steel producer Targeting 20GW generation + 40GWh of Storage by FY30 Installed crude steel capacity of 29.2mtpa, growing to 50mtpa Market Cap: ~US$ 5.8 Bn by FY31 Market Cap: ~US$ 23.7 Bn Infra
Slide 4: JSW Energy: Our Vision
JSW Energy : Our Vision Bringing positive transformation to every life we touch Vijayangar JSW EnergySolar Plant Investor Presentation July 2023 4
Slide 5: JSW Energy: Transitioning towards green energy
JSW Energy : Transitioning towards green energy FY2025 FY2030 FY2050 To become a 10 GW company To become a 20 GW company To become carbon neutral by 2050 and 40GWh Energy Storage Energy Products and Services Energy Storage | Electrons to Molecules - Foraying into green hydrogen and its derivatives B
Slide 6: JSW Energy – Presence across the value chain
JSW Energy – Presence across the value chain Well placed to achieve 10 GW of generation capacity ahead of stated timeline of 2025 with foray into New Age Businesses Power Generation Energy Storage Energy Products & Services 9.8 GW Installed Capacity by CY24 3.4 GWh of locked in capacity Solar Module
Slide 7: Developed a Pan India Footprint of Diverse Asset Base
Developed a Pan India Footprint of Diverse Asset Base Operational Capacity by CY 24 (9,780 MW) Punjab Himachal Pradesh Wind Hydro 50 MW 1,631 MW Solar BESS Rajasthan Thermal PSP Madhya Pradesh 258 MW 30 MW Green Hydrogen 1,080 MW 1,000 MWh Gujarat Odisha 78 MW 700 MW Maharashtra Telangana 447 MW And
Slide 8: Well Diversified Portfolio – Focused on Maximising Cash Returns
Well Diversified Portfolio – Focused on Maximising Cash Returns Capacity Breakdown Diversified Offtakers Current open Open Generation 9,780 MW capacity – 11% Group Capacity, 14% Captive, 22% Under-construction Installed Others, 7% (3,084 MW) (6,696 MW) Current Exposure to 32% HP, 3% Group Captive -
Slide 9: Thermal Assets 3,858 MW
Thermal Assets|3,858 MW Total Thermal Assets Operational Assets - 3,158* MW Under Construction Total Thermal Capacity 3,858 MW Ratnagiri Barmer Vijayanagar Ind - Barath Operational Capacity Installed Capacity 1,200 MW 1,080 MW 860 MW 700 MW 3,158 MW NA PPA tied 1,095MW 1,080 MW 338 MW Net Generation
Slide 10: Renewables: Presence across all modes of generation
Renewables : Presence across all modes of generation JSW Neo 5,912 MW Operational Assets – 3,528 MW Under Construction – 2,384 MW Expected to be operational by CY 2024 3,624 MW Wind 61% WIND WIND HYDRO 1,631 MW SECI IX (810) Mytrah SOLAR Hydro 28% Karcham Wind (1,331) Wangtoo Vijayanagar SECI X (301
Slide 11: Agenda
Agenda Safety & Sustainability Healthy Operations and Financials Why JSW Energy ? JSW NEO – at a Glance Appendix JSW Energy Corporate Presentation - July ‘23 Vijayanagar 225MW Solar Power Plant 11
Slide 12: Safety & Sustainability
Safety & Sustainability Sholtu, Charkha Initiative
Slide 13: Continued Focus on Health & Safety Excellence
Continued Focus on Health & Safety Excellence All Figures are for Q1 FY24 Zero severe injuries/fatalities British Safety Council Lost Time Injury Frequency Rate of zero at all the operational plants Award for OH&S 83% of contractors covered by JSW CARES audit 18 Contractors achieve 5 Star rating & 4
Slide 14: Sustainability: Framework and Policies
Sustainability: Framework and Policies 17 Focus Areas with 2030 Targets from 2020 as Base Year Governance & Oversight by Sustainability Committee Climate Change: Renewable Power: Biodiversity: Committed to being carbon Enhance the renewable power No Net Loss for Biodiversity Mr. Sunil Goyal Independ
Slide 15: Sustainability: Targets and Strategy
Sustainability: Targets and Strategy SD Targets FY20 FY30 Improvement Strategic Initiatives and Approach Actuals Targets Increased share of renewable energy for deep decarbonization Climate GHG Emissions Process efficiency improvements 0.76 0.215 * 60% Change tCO2e/ MWh Replacement of conden
Slide 16: Engaging Leading Knowledge Partners
Engaging Leading Knowledge Partners Current Status • Studies to identify climate change related physical and transition risks, opportunities and financial impacts • Pre Final Report is under preparation and is expected • Evaluation based on Governance, Strategy, and Risk Management to be completed i
Slide 17: Sustainability: Q1 FY24 Performance
Sustainability: Q1 FY24 Performance Key Highlights Performance • Increased share of renewable energy for deep decarbonisation Ash Utilisation (%) Climate Change • Wind Projects – Part CoD received and generation started on ~130 MW capacity 100% 100% 100% 100% • Continuous focus on process improvemen
Slide 18: Sustainability: Empowering Our Communities
Sustainability: Empowering Our Communities Sholtu, Shikhar Initiative JSW Energy Investor Presentation July 2023 18
Slide 19: Sustainability: Empowering Our Communities
Sustainability: Empowering Our Communities Key Intervention Areas Women’s BPO and Livelihoods Health & Women’s BPO & Nutrition Livelihoods JSW Shakti’s women’s-only rural BPO in Ratnagiri. Currently, 50 women have secured livelihoods at the centre. Water & Environment Art, Culture & Heritage Waste S
Slide 20: Sustainability: Recognition of Global Best Practices
Sustainability: Recognition of Global Best Practices JSW Energy (Barmer) received the “2nd CEE National Environment Five Star OH&S Audit Award Excellence Award 2023 in received by Vijayanagar Plant Exceptional performance and from British Safety Council outstanding achievement in Environment Excelle
Slide 21: Strong Board Oversight and Leadership
Strong Board Oversight and Leadership Mr. Prashant Jain Mr. Pritesh Vinay Mr. Sajjan Jindal Mr. Parth Jindal Joint Managing Director Director (Finance) Chairman & Managing & CEO Non-Executive, Non- Director Independent Director Mr. Munesh Mr. Rajeev Sharma Ms. Rupa Devi Singh Mr. Sunil Goyal Khanna
Slide 22: Healthy Operations and Financials
Healthy Operations and Financials Sholtu Hydro Power Plant - Turbine
Slide 23: Operating Locations: Pan India presence
Operating Locations: Pan India presence Current Operational Capacity (6,696 MW) Punjab Himachal Pradesh 50 MW 1,391 MW Rajasthan 258 MW 1,080 MW Madhya Pradesh 30 MW Gujarat 78 MW Telangana 101 MW 327 MW Maharashtra 52 MW Andhra Pradesh 365 MW 1,200 MW 18 MW 10 MW Karnataka Tamil Nadu 95 MW 270 MW 5
Slide 24: Healthy Operations and Financials
Healthy Operations and Financials Resilient business model with steady cashflow generation despite sectoral headwinds 85% ~90% Net Generation (BUs) Total Income3 (₹ Crore) Capacity under LT PPA1 EBITDA contribution from LT 21.9 10,867 20.0 20.8 ~22BUs ₹ 2,570Cr 7,160 8,736 Net Generation Cash PAT 2
Slide 25: Robust balance sheet to support renewable-led growth
Robust balance sheet to support renewable-led growth Robust balance sheet & strong cashflow available to pursue growth 4.7x 1.2x $ Bn 2 Net Worth Net Debt Net Debt/EBITDA Net Debt/Equity 2.8 3.0 2.7 2.5 2.3 2.3 2.3 2.0 8.48% 58 2.0 1.5 1.5 1.2 Wt. average cost of debt * Receivable Days** 0.8 0.9 1.0
Slide 26: Net Debt Movement
Net Debt Movement Particulars in ₹ Cr Leverage Net Debt (₹ Cr) EBITDA (TTM; ₹ Cr) ND/EBITDA (x) Under-Construction Operating 10,146 3,639 2.8x Mytrah Operational Projects Mytrah (Normalised EBITDA) 8,222 1,650 5.0x Combined (Excl. Under construction) 18,368 5,289 3.5x 8 3,855 2,801 2,136 22,904 22,1
Slide 27: Progress on Under-Construction Projects
Progress on Under-Construction Projects Under Construction 3.1 GW, to be Commissioned by CY24 Under-Construction (MW) Operational by CY2024 300 9,780 700 733 240 810 6,696 302 1,000MWh BESS 4,559 19% CAGR 29% CAGR FY21 Current SECI - X SECI- IX Group Captive Kutehr Ind Barath SECI- XII Operational b
Slide 28: Why JSW Energy?
Why JSW Energy ? - Compelling Investment Story - Key Highlights Committed to reaching Net Zero emissions by 2050
Slide 29: Compelling Investment Story
Compelling Investment Story 1 At the forefront of Energy Transition Scaling to 20 GW & 40GWH / 5GW of storage by 2030 Being future-ready : New Energy Solutions including Energy storage (BESS & PSP) , green hydrogen, Sustainable growth ammonia and its derivatives Resilient Business, Consistent Pe
Slide 30: Compelling Investment Story
Compelling Investment Story 1 At the forefront of Energy Transition Scaling to 20 GW & 40GWH / 5GW of storage by 2030 Being future-ready : New Energy Solutions including Energy storage (BESS & PSP) , green hydrogen, Sustainable growth ammonia and its derivatives Resilient Business, Consistent Pe
Slide 31: Strategy 2.0 (2023-2030) – at glance
Strategy 2.0 (2023-2030) – at glance Forward integration 1 GW/ annum of RE generation 40 GWh/ 5GW ~3,800 TPA PV Module ENERGY STORAGE ELECTRONS TO 20 GW MOLECULES Solar Module GENERATION Pump Hydro Storage Green Hydrogen manufacturing CAPACITY Production, plant to be Battery Energy Storage (W-C-M) u
Slide 32: Strategy 2.0 – 20 GW Generation + 40 GWh of Storage by FY30
Strategy 2.0 – 20 GW Generation + 40 GWh of Storage by FY30 CAPACITY 20 Pillars for Self sustainable and Integrated road map 3.0x 40GWh/5GW Energy Storage by FY30 • Sustainable value creation focused on Cash Returns 6.6 1GW Solar Module Manufacturing Apr-25 • Internal Accruals and BS Headroom (no ex
Slide 33: Revised Guidance 2.0 (2023-2030) – No Equity Dilution Needed
Revised Guidance 2.0 (2023-2030) – No Equity Dilution Needed Growth to be driven by internal accruals Net Debt/EBITDA <4.5x <4.0x 3.5x-4.0x Targets FY30 Strategy 1.0 (2021) Strategy 2.0 (2023) Generation Capacity 20 GW 20 GW 2x Energy Storage ------ 40 GWh/ 5GW Solar Module ------ 1 GW module W-C-M
Slide 34: Significant Market Opportunity: Power Demand Growth to be met by RE
Significant Market Opportunity: Power Demand Growth to be met by RE Historical Power Demand Growth Similar growth expected in power demand over next decade FY02 (Actual) FY23 (Actual) FY 23 FY30 estimated 1,511 216 2,280 335 + 769 BU + 119 GW 1,511 5% CAGR 5% CAGR 216 523 78 Base Demand (in BU) Peak
Slide 35: Participating in India’s Green Transition
Participating in India’s Green Transition India’s share of Renewables is projected to increase from 41% in FY 23 to 61% in FY 30 Changing Environment and our Approach Domain Environment Our Approach FY 30 FY 23 4% Market • High cost of • Bidding assumptions 15 GW, 2% Share at 20GW borrowing due to t
Slide 36: Energy Storage critical in India’s Energy Transition
Energy Storage critical in India’s Energy Transition Peak Demand vs Supply from Conventional Sources (GW) 400 Storage Capacity GWh* 350 322 350 300 300 250 250 200 Peak Supply - Conventional Increasing Peak Demand-Supply Gap 150 200 to be plugged 100 by RE + Storage 150 Peak Demand 50 23.5 100 0 FY
Slide 37: Battery Storage (BESS) and Hydro Pump Storage (HPSP)
Battery Storage (BESS) and Hydro Pump Storage (HPSP) Apr-2023 Report Optimal Generation JSW Energy Capacity Mix for 2029-30 40GWh/ 5GW of energy storage capacity by FY PSP BESS* 2030 18.99 GW 41.65 GW 3.4GWH of storage locked X 6 hours = X 5 hours = in ( 1GWh of BESS and 2.4 Base Case GWh of HPSP) C
Slide 38: Energy Storage – Enabler for New RE based products and services
Energy Storage – Enabler for New RE based products and services Higher CUF 1 Hybrid RE with Better utilization of transmission Energy Storage corridor 2 RE coupled with Energy Storage Load following RE Solutions designed specifically as per solutions the load profile of customers Firm dispat
Slide 39: Energy Storage – Unique Value Proposition as an Early Mover
Energy Storage – Unique Value Proposition as an Early Mover Battery Energy Storage System (BESS) Hydro Pump Storage (PSP) • Received LoI for 2.4GWh (300 MW x 8 hours) PSP from Power LoA received for 500MW/1000 MWh SECI project in Jan-23 Company of Karnataka Ltd (PCKL) • Build Own Operate Transfer (B
Slide 40: Electrons to Molecules: Green Hydrogen Potential
Electrons to Molecules: Green Hydrogen Potential Advantage India Significant Hydrogen demand Huge RE potential Low Tariffs JSW Energy Current demand ~6 MMT expected Existing RE capacity of ~165 GW RE tariffs in India to grow to ~24 MMT by 2050 (incl. Hydro) (INR ~ 2-2.5) Contracted India’s largest T
Slide 41: Compelling Investment Story
Compelling Investment Story At the forefront of Energy Transition Scaling to 20 GW (85% renewable) by 2030 Being future-ready : New Energy Solutions including energy storage, green hydrogen, Sustainable growth ammonia and its derivatives Resilient Business, Consistent Performance and Strong fina
Slide 42: Proven project execution and operational excellence
Proven project execution and operational excellence… Prudent and consistent capital allocation strategy for growth over a 25 year history One of the lowest project execution cost in the industry Business model resilient despite several sectoral headwinds over the last decade 2014 2014 2013 2014 2013
Slide 43: Compelling Investment Story
Compelling Investment Story At the forefront of Energy Transition Scaling to 20 GW (85% renewable) by 2030 Being future-ready : New Energy Solutions including energy storage, green hydrogen, Sustainable growth ammonia and its derivatives Resilient Business, Consistent Performance and Strong fina
Slide 44: Steady Operations and Robust Financials
Steady Operations and Robust Financials Consistent Asset Performance Consolidated Trade Receivables* (₹ Cr ) Net Generation (BUs) Total Income1 (₹ Crore) 1,799 21.9 10,867 21% 20.0 20.8 1,426 8,736 7,160 6.7 3,013 FY21 FY22 FY23 Q1 FY24 FY21 FY22 FY 23 Q1 FY24 Mar 31, 2023 Jun 30, 2023 Adj. EBITDA &
Slide 45: Robust Balance Sheet & Cashflows to aid growth
Robust Balance Sheet & Cashflows to aid growth Balance sheet headroom to pursue growth opportunities Healthy internal accruals to support long term growth • Strong credit metrics Operational Portfolio Figures in ₹ Cr As on Jun 30, 2023 Networth 19,111 • Generating healthy cash flow & mid-teen equity
Slide 46: JSW Energy: Key Highlights
JSW Energy : Key Highlights Superior project execution skills: Projects set-up in lowest cost & time Proven Execution Differentiated business strategy for growth to 20 GW, driven by Renewable Excellence Foraying in New Energy Platforms: Green Hydrogen, Energy Storage, Energy Products & Service
Slide 47: JSW Neo Energy – at a glance
Company Overview JSW Neo Energy – at a glance 47 Mytrah Solar Plant- Raibag, Karnataka
Slide 48: JSW Energy Company Overview – Broad Structure
JSW Energy Company Overview – Broad Structure Ratnagiri – 1,200 MW Vijayanagar – 860 MW JSW Energy Limited Nandyal – 18 MW Hydro Entities Solar – 10 MW 9,780 MW Solar/Wind Entities JSWEBL – 1,080 MW Products & Services Ind-Barath- 700 MW Total – 3,868 MW JSW Neo Energy * 5,912 MW Energy Generation P
Slide 49: JSW NEO Energy – At a Glance
Company JSW NEO Energy Overview – At a Glance JSW NEO Energy Energy to Molecules Integration Green Hydrogen (GH)/Ammonia 10 GW 3.9 GW 5.9 GW 3.4 GWh Diversified Asset Thermal Capacity Renewable Energy Storage Portfolio of 9.7 GW Installed – 3,158 MW Installed – 3,528MW BESS – SECI 500MW/1000MWh (61%
Slide 50: JSW Neo Energy Ltd
JSW Neo Energy Ltd The Green Energy Platform of JSW Energy 5.9 GW of installed capacity by CY 24 Current Generation Capacity (3,528 MW) 1,480 MW 657 MW 1,391 MW Under Construction Generation Capacity (2,384 MW) 2,144 MW 240 MW Energy Products and Services PSP BESS Green PV Hydrogen Module 2,400 MWh
Slide 51: Developed a Pan India Footprint of Diverse Asset Base
Developed a Pan India Footprint of Diverse Asset Base Operational Capacity by CY 24 (5,912 MW) Punjab Himachal Pradesh 50 MW 1,631 MW Wind Hydro Rajasthan Madhya Pradesh Solar BESS 1,000 30 MW 258 MW MWh Green H2 PSP Gujarat 78 MW Telangana Maharashtra 101 MW Andhra Pradesh 447 MW 365 MW 327 MW 10 M
Slide 52: JSW NEO – PPA Profile
JSW NEO – PPA Profile JSW Neo – Total Capacity (MW) JSW Neo –PPA Profile Solar, 657 Haryana, 4% Open Capacity, 2% Rajasthan, 4% Himachal Pradesh, 5% SECI, 31% 98% assets tied up under LT PPA (91 MW at Karcham Wangtoo HEP) Andhra Pradesh, 6% 100% under construction assets tied Hydro, 5,912 MW up in L
Slide 53: JSW Neo – Capacity growth
JSW Neo – Capacity growth Capacity to grow at a CAGR of 41% 5,912 300 240 733 810 302 3,528 41% CAGR Current SECI - X SECI- IX Group Kutehr SECI XII Operational Operational Captive by CY24 Wind Mytrah Solar Plant (Hungund, Karnataka) JSW Energy Investor Presentation July 2023 53
Slide 54: Energy Storage – Unique Value Proposition as an Early Mover
Energy Storage – Unique Value Proposition as an Early Mover Battery Energy Storage System (BESS) Hydro Pump Storage (PSP) • Received LoI for 2.4GWh (300 MW x 8 hours) PSP from Power LoA received for 500MW/1000 MWh SECI project in Jan-23 Company of Karnataka Ltd (PCKL) • Build Own Operate Transfer (B
Slide 55: Green Hydrogen Opportunity – JSW Energy’s Unique Positioning
Green Hydrogen Opportunity – JSW Energy’s Unique Positioning G R E E N H2 RTC RE Power at Monetization of Co-location with Project Mutually competitive Scalability byproducts Offtaker Experience Beneficial prices • Power is ~65-70% of • Valorization of • JSWEL’s backward • Co-location of • Ability t
Slide 56: Contracted India’s Largest Commercial Scale Green Hydrogen Project
Contracted India’s Largest Commercial Scale Green Hydrogen Project India’s First Plant to Produce Green Hydrogen for Production of Green Steel India’s largest Commercial Scale Plant H2 & O2 Green H2 Green Power 3,800 TPA 25 MW RTC power Surety of Offtake Secured land for plant Cost plus Offtake Gree
Slide 57: Solar Module Manufacturing – Supply Chain De-risking
Solar Module Manufacturing – Supply Chain De-risking NEED FOR BACKWARD INTEGRATION BACKWARD INTEGRATION AT JSW ENERGY Solar power is critical to transition towards green power Allocated 1 GW of capacity under PLI for W-C-M Tariff policy (BCD) restrictive, leading to high landed cost of Supply Chain
Slide 58: JSW Neo Growth Framework
JSW Neo Growth Framework Value Accretive Business Implementation Execution Efficiency Model De-risking Prudent selection of growth opportunities Life cycle approach Group’s project execution excellence • Bidding based on P90 generation assumption • Land acquisition, De- scoped project • Fast executi
Slide 59: Ensuring Consistent Value Creation
Ensuring Consistent Value Creation Protecting Returns Enhancing IRRs Further Growth Opportunities Value Accretive Business Model De-scoped Project Execution Green Energy Needs of JSW Group and C&I customers • No Turn key EPC contracts: instead creating • Bidding based on P90 generation assumption va
Slide 60: Growth Framework leading to industry-leading returns
Growth Framework leading to industry-leading returns Single digit to lower Mid-teen High-teen teen IRR% IRR % Returns Realized Equity Pre-Bid Project Execution JSW Energy Potential Upside Realized IRRs Preparation Target Returns Levers Post COD Returns Current market returns Bidding with No Turn
Slide 61: JSW Neo: Risk Mitigation
JSW Neo: Risk Mitigation
Slide 62: Adequately addressing key risks and concerns (1/2)
Adequately addressing key risks and concerns (1/2) Key Risks/Concerns Favourable Policy Support and Market Interventions Mitigation Strategy by JSW Energy Well established central agencies (SECI, NTPC) for managing PPAs Existing portfolio: 85 % PPA signed which forms about 90% of Discoms/offta
Slide 63: Adequately addressing key risks and concerns (2/2)
Adequately addressing key risks and concerns (2/2) Key Risks/Concerns Favourable Policy Support and Market Interventions Mitigation Strategy by JSW Energy Hydro plants under ‘Must-run status’ with no scheduling risk Must-run status for renewable; Rule notified to provide regulatory support ~98
Slide 64: Investor Relations Contact
Investor Relations Contact: ir.jswenergy@jsw.in ESG Data Profile: Link Vijayanagar TPP 64
Slide 65: Appendix
Appendix Mytrah Solar Plant (Hungund, Karnataka)
Slide 66: Mytrah Progress on Track
Mytrah Progress on Track Mytrah Asset Optimisation & Performance Improvement progressing well JSW Energy Mytrah Wind Corporate Presentation - July ‘23 (Chakla Maharashtra) 66
Slide 67: Mytrah Wind Assets (1,331 MW)
Mytrah Wind Assets (1,331 MW) Asset Optimisation & Performance Improvement Plan underway Restoration of WTGs WIND 168 WTGs out of 178 have been restored since acquisition Remaining 10 WTGS to be restored in July -23 Action Plan Machine availability • Restoration of WTGs WTGs restoration and spare av
Slide 68: Mytrah Wind - progress on track
Mytrah Wind - progress on track Machine Availability Actual Generation vs Wind Speed +680 bps 94% 6.0 5.6 88% Targeting >98% machine availability 720 695 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 Actual Generation (MUs) Wind Speed (m/s) Generation (MUs) Wind CUF 26.4% 59 2 9 5 24.5% 720 695 -190bps 85 66 MUs
Slide 69: Mytrah Solar Assets (422 MW)
Mytrah Solar Assets (422 MW) Asset Optimisation & Performance Improvement Plan underway Operations & Maintenance SOLAR O&M SOP implemented and monitored on regular basis Action Plan Spares are proactively planned and spares backup created accordingly • Improved Performance Ratio (PR) to O&M and Perf
Slide 70: Mytrah Solar - progress on track
Mytrah Solar - progress on track P-90 vs Actual Generation (MUs) Generation (MUs) 216 Q1 FY24 11 216 193 8 198 8 MUs increased due to P-90 Generation Actual Generation focused interventions Q1 FY23 Performance GII Gain Q1 FY24 Plant Availability Ratio gain Solar CUF +70 bps 99.1% 23.5% 98.4% 21.5% +
Slide 71: Mytrah Progress on Track
Mytrah Progress on Track Mytrah EBITDA (₹ cr) Normalised EBITDA 1,650 >1,450 1,187 400 * FY 2023 FY 2024 FY 2025 Q1 Mytrah Net Debt/EBITDA Pre-Acquisition FY 23 FY24 Normalised ₹1,187 Cr > ₹ 1,450 Cr ₹1,650 Cr ₹1,237 Cr EBITDA 7.2x 5.7x 5.0x ND/EBITDA 7.7x JSW Energy Mytrah Wind SiteCorporate Presen
Slide 72: Receivables Cycle Improving
Receivables Cycle Improving Strong collection in Mytrah Portfolio’s Receivables underway Particulars in ₹ Cr 30% YoY improvement * Excluding unbilled revenue ** Increased on account of higher revenue during wind season Monthly Collection consistently above the billing 205% JSW’s strong collection 15
Slide 73: Under Construction Projects
Under Construction Projects Mytrah Solar Plant (Hungund, Karnataka) JSW Energy Investor Presentation July 2023 73
Slide 74: Ind-Barath 700 MW – Revival On Track – Commissioning in FY24
Ind-Barath 700 MW – Revival On Track – Commissioning in FY24 Mechanical - Turbine Electrical Works Regulatory Approvals • Turbine HIP & LP Rotor installed on the • Transmission tower • Environment Clearance – Consent casing and alignment completed foundation work in progress to operate Unit 1 receiv
Slide 75: Wind Power Projects – 2.2 GW
Wind Power Projects – 2.2 GW Wind Projects (SECI IX,X, XII and Group Captive) 130 MW commissioned by end of Q1 FY24, currently ~150 MW commisioned Expected commissioning by CY 2024 JSW Energy Investor Presentation July 2023 75
Slide 76: Kutehr Hydro Power Plant – 240 MW
Kutehr Hydro Power Plant – 240 MW Tunneling & Concreting Electro-mechanical works Concreting Barrage Completed ~ 95.9% (20.3 km) • Spiral Case erection work for Unit- • Completed ~73.50 % of Concreting tunneling work (up from ~ 92.45 % in 2 completed and for Unit 1 & 3 is of Barrage Q4) in progres