Torrent Power Limited · NSE:TORNTPOWER
Torrent Power — Q3 FY2023-24 Earnings Presentation
24 slides from Torrent Power's earnings presentation, Feb 8, 2024
Slide 1: Cover letter to stock exchanges
February 08, 2024 To, To, Corporate Relationship Department Listing Department BSE Limited, National Stock Exchange of India Limited th 14 Floor, P. J. Towers, “Exchange Plaza”, C – 1, Block G Dalal Street, Fort, Bandra- Kurla Complex, Bandra (East), Mumbai-400001 Mumbai-400051 SCRIP CODE: 532779 SC
Slide 2: Torrent Power Limited Investor Presentation Q3 FY 2023-24
Torrent Power Limited Investor Presentation Q3 FY 2023-24
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 TORRENT GROUP TORRENT POWER LIMITED OVERVIEW OF OPERATIONS Q3 FY24 INVESTMENT RATIONALE FIVE YEAR TREND: KEY FINANCIAL & TECHNICAL STATISTICS
Slide 5: Torrent Group
TORRENT GROUP TORRENT PHARMACEUTICALS LIMITED • A generics pharmaceutical major with strong global footprint • Ranked 5th in Indian pharma market with leading position amongst the Top 5 in the therapeutics segments of Cardiovascular (CV), Gastro Intestinal (GI), Central Nervous System (CNS), and Vit
Slide 6: Torrent Group
TORRENT GROUP Turnover $ 4.3 Bn Market Cap $ 14.8 Bn Enterprise Value $ 16.2 Bn Employees 25,000+ Spreading smiles Illuminating Lives Not just healthcare… Lifecare Generating Trust. Distributing Opportunities. Building pan-India state-of-art Turnover: $ 1.17 Bn Turnover: $ 3.13 Bn city gas distribut
Slide 7: Torrent Power Limited
TORRENT POWER LIMITED Spreading smiles Illuminating Lives Thermal Solar Wind Transmission Distribution - 2,730 MW - 263 MW oper- - 920 MW - 355 kms 400 kV - Licensed: state-of-art gas ational - 138capacity MW of operational - 430 MW of & 128 Kms of - Ahmedabad/ Licensed operational 220 - 355 KV, dou
Slide 8: Torrent Power Limited
TORRENT POWER LIMITED GUJARAT UTTAR PRADESH AMGEN (362 MW) Sabarmati, Agra Ahmedabad KARNATAKA DGEN (1200 MW) Dahej, Bharuch SUGEN & Kamrej, Surat Wind (120 MW) Gulbarga and UNOSUGEN Raichur, Karnataka (1530 MW) Wind (49.6 MW) Jamnagar Wind (251.6 MW) Kutch 03 Wind (50.9 MW) Rajkot 05 Wind (50.4 MW)
Slide 9: Portfolio of Assets: Thermal Generation
TORRENT POWER LIMITED PORTFOLIO OF ASSETS : THERMAL GENERATION Particulars Sugen Unosugen Dgen Amgen Capacity 1147.5 382.5 1200 362 (MW) (3 x 382.5) (1 x 382.5) (3 x 400) (1 x 120, 2 x 121) Plant Type Gas-based CCPP Gas-based CCPP Gas-based CCPP Coal Based Location Near Surat, Gujarat Near Surat, Gu
Slide 10: Portfolio of Assets: Renewable Generation
TORRENT POWER LIMITED PORTFOLIO OF ASSETS : RENEWABLE GENERATION Particulars Solar Wind Capacity (MW) 263 920 Gujarat,Maharashtra,Karnataka, Location Gujarat, Maharashtra & Telangana Rajasthan & Madhya Pradesh COD FY 12 to FY17 FY 12 to FY 24 Avg Tariff (₹/kWh) 7.46 3.81 • 352.50 MW with Company’s L
Slide 11: Portfolio of Assets: Licensed Distribution
TORRENT POWER LIMITED PORTFOLIO OF ASSETS : LICENSED DISTRIBUTION Ahmedabad/ Particulars Surat Dahej Gandhinagar Licensed Area ~ 356 sq. km. ~ 52 sq. km. ~ 17 sq. km. Peak Demand(FY23) 1,900 MW 742 MW 106 MW As per Electricity Amendment Rules, 2023 the Licenses are deemed to be renewed for further 2
Slide 12: Portfolio of Assets: Licensed Distribution
TORRENT POWER LIMITED PORTFOLIO OF ASSETS : LICENSED DISTRIBUTION Dadra and Nagar Haveli and Daman Particulars Dholera SIR and Diu Power Distribution Licensed Area ~ 920 sq. km. ~603 sq. km. Peak Demand(FY23) - 1,281 MW As per Electricity Amendment Rules, 2023 the Licenses are deemed to be renewed f
Slide 13: Portfolio of Assets: Franchised Distribution
TORRENT POWER LIMITED PORTFOLIO OF ASSETS : FRANCHISED DISTRIBUTION Particulars Bhiwandi Agra Shil, Mumbra, Kalwa (SMK) Licensed Area ~ 721 sq. km. ~ 221 sq. km. ~65 sq. Km. Peak Demand 595 MVA 510 MVA 146 MVA (FY23) License validity 25th Jan 2027 31st March 2030 29th Feb 2040 Accolades / Country'
Slide 14: Overview of Operations – Q3 FY 2023-24
OVERVIEW OF OPERATIONS – Q3 FY 2023-24 Consolidated Financial Statement Q3 23-24 Q3 22-23 Growth 9M 23-24 9M 22-23 Growth FY 22-23 (₹ in Cr.) Unaudited Unaudited % Unaudited Unaudited % Revenue from Operations 6,366 6,443 (1%) 20,655 19,656 5% 25,694 Power Purchase Cost 4,502 3,776 14,928 12,958 16,
Slide 15: Overview of Operations – Q3 FY 2023-24
OVERVIEW OF OPERATIONS – Q3 FY 2023-24 EBITDA for Q3 FY 2023-24 was lower due to reduction in net gain from trading of LNG and merchant power sales by ₹ 478 crore as compared to corresponding quarter last year i.e. Q3 FY 2022-23. Adjusted for above gain in Q3 FY 2022-23, adjusted EBITDA and PAT for
Slide 16: Overview of Operations – Q3 FY24
OVERVIEW OF OPERATIONS – Q3 FY24 Q3 Thermal PLF(%)/ Net Generation(MUs) 78.8% 75.4% 577 MUs 552 MUs 26.1% 23.0% 643 MUs 16.6% 15.5% 13.4% 10.7% 1469 136 MUs 4.4% MUs 5.1% 5.1% 852 2,046 264 36 0.0% 131 300 MUs MUs MUs MUs MUs MUs SUGEN UNOSUGEN DGEN GAS PLANTS AMGEN THERMAL 1147.5 MW 382.5 MW 1200 M
Slide 17: Overview of Operations – Q3 FY24
OVERVIEW OF OPERATIONS– Q3 FY24 Q3 Renewable PLF (%)/ MUs Dispatched 19.5% 19.0% 17.9% 16.0% 398 MUs 264 109 MUs 270 111 MUs MUs MUs WIND 805 MW / 920 MW* SOLAR 263 MW / 276 MW Q3 22-23 Q3 23-24 *Includes generation from 115 MW SECI V Project commissioned on July 15, 2023.
Slide 18: Overview of Operations – Q3 FY24
OVERVIEW OF OPERATIONS– Q3 FY24 Q3 USO/Purchase (MUs) 2,439 2,536 1,897 2,014 953 984 870 996 184 199 407 454 183 208 Ahmedabad Surat Dahej DDDNH Bhiwandi Agra SMK Q3 23 Q3 24 T&D Loss (%) T&D Loss(%) 3.63% 3.24% 3.32% 34.01% 2.83% 30.01% 1.99% 1.49% 10.61% 9.94% 9.43% 8.86% 0.54% 0.35% Ahmedabad Su
Slide 19: Investment Rationale
INVESTMENT RATIONALE • State of the art gas- • Huge growth • Need for a robust • Opportunities for based plants potential in grid to support private sector renewables; returns increase in considering the • Direct import of LNG above COE for renewables capacity at efficient cost endemic selected proj
Slide 20: Investment Rationale
INVESTMENT RATIONALE Excellent Regulated operational Promising businesses records growth ensuring opportunities stable returns Unmatched Strong project distribution management model skills World class Rational generation Value allocation of assets Creation capital
Slide 21: 5 Year Trend - Financial Statistics
5 YEAR TREND - FINANCIAL STATISTICS Revenues from Operations (₹ Crore) EBIDTA (₹ Crore)/EBIDTA Margin (%) 25,694 5,141 3,734 3,607 3,826 13,151 13,641 14,257 3,389 12,173 26% 27% 30% 27% 20% 2018-19 2019-20 2020-21 2021-22 2022-23 2018-19 2019-20 2020-21 2021-22 2022-23 TCI* (₹ Crore) Net Worth (₹ C
Slide 22: 5 Year Trend - Financial Statistics
5 YEAR TREND - FINANCIAL STATISTICS Net Debt / EBITDA Net Debt Equity Ratio 2.61 0.82 2.24 0.80 0.80 0.80 2.18 1.98 1.97 0.64 18-19 19-20 20-21 21-22 22-23 18-19 19-20 20-21 21-22 22-23 Return on Capital Employed Return on Networth 14.00% 19.07% 14.22% 10.01% 10.31% 11.05% 12.42% 9.32% 9.54% 8.23% 1
Slide 23: 5 Year Trend - Operational Statistics
5 YEAR TREND - OPERATIONAL STATISTICS THERMAL PLF (%) T&D loss (%) Licensed Distribution 87.8% 88.2% 6.31% 6.03% 72.9% 5.61% 76.9% 4.98% 62.3% 60.1% 59.9% 57.8% 4.06% 4.17% 41.1% 3.59% 3.43% 3.43% 3.74% 59.9% 3.38% 3.17% 44.3% 44.3% 33.4% 40.7% 38.4% 15.0% 9.8% 30.6% 16.1% 0.0% 6.5% 0.40% 0.35% 0.31
Slide 24: Thank You
THANK YOU Contact details: Rishi Shah Torrent Power Limited “Samanvay”, 600 Tapovan, Ambawadi, Ahmedabad 380015 Ph. No. (079) 26628473 Email: IR@torrentpower.com