Gmr Power And Urban Infra Ltd · NSE:GMRP&UI
Gmr Power And Urban Infra — Q2 FY2023 Earnings Presentation
36 slides from Gmr Power And Urban Infra's earnings presentation, Nov 11, 2022
Slide 1: Investor Presentation cover letter to exchanges
November 11, 2022 BSE Limited, National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, G Block, Dalal Street, Bandra-Kurla Complex, Bandra (E) Mumbai 400001 Mumbai - 400051 Scrip: 543490 Symbol: GMRP&UI Dear Sir/Madam, Sub: Investor Presentation Ref: Disclosure
Slide 2: GMR Power and Urban Infra Ltd (GPUIL)
GMR Power and Urban Infra Ltd; (GPUIL) eet * \ er > stopPrésentation MVE ag r je N Og. ¥2023
Slide 3: Disclaimer
DISCLAIMER All statements, graphics, data, tables, charts, logos, names, figures and all other statements relating to future results of operation, financial condition, business information (“Contents”) contained in this document (“Material”) is prepared by GMR prospects, plans and objectives, are ba
Slide 4: Table of Contents
Table of Contents Particulars Pg. No. Overview 3–4 Highlights of Q2FY23 5 Financial Performance 6–9 Energy Business 10 – 12 Transportation and Urban Infrastructure Business 13 – 18 Strategy and Way Forward 19 –23 ESG Practices 24 – 25 Annexures 27 – 34 2
Slide 5: Snapshot of Businesses
Snapshot of Businesses Energy Highways & EPC Urban Infra 2 Coal Plants Solar 2 Annuity Projects Special Economic 1,650 MW 26 MW 133 kms Zone (SEZ) in – operational & 350 2 Toll Projects MW under 2 Wind Plants ~1,265 acres in 3.4 MW 186 kms Tamil Nadu development land at strategic
Slide 6: Corporate Structure
Corporate Structure GMR Power and Urban Infra Ltd. (GPUIL) 53.8% 82% 100% 100% Special Investment GMR Energy Other Energy Assets GMR Highways Ltd. Region Operational Projects Stake Operational Projects Stake Annuity Projects Stake Under Stake Development Warora Plant (Coal) 100% Rajahmundry Plant 45
Slide 7: Key Business Highlights
Key Highlights – Q2FY23 FY22 – Key Business highlights • Completed divestment of 30% equity stake in PT Golden Energy Mines Tbk for USD 420mn Deleveraging • Proceeds utilized mainly for deleveraging the Balance Sheet • Interest rate on sustainable debt of ~INR 23.5 bn revised to 8.50% p.a. and unsus
Slide 8: Performance Highlights
Performance Highlights Humility | Entrepreneurship | Teamwork agi Relationships | Deliver the fe | Learning And Inner Excellence | Social Respofsibility | Reset for individuel
Slide 9: GPUIL Performance Highlights – Q2FY23
GPUIL Performance Highlights – Q2FY23 Consolidated Financials1 • Gross Revenues ▲48% QoQ; ▲50% YoY to INR 15.8 bn in Q2FY23 • EBITDA ▼60% QoQ; ▼66% YoY to INR 565 mn in Q2FY23 • Net profit after tax2 Profit of INR 10.7 bn in Q2FY23 vs INR 2.0 bn in Q1FY23, INR 3.3 bn in Q2FY22 Revenue EBITDA I
Slide 10: GPUIL Performance Highlights – Q2FY23 Operational performance
GPUIL Performance Highlights – Q2FY23 Operational performance o Warora: 55% vs 49% YoY Energy – PLF o Kamalanga: 64% vs 82% YoY o Bajoli Holi: 63% o Hyderabad - Vijaywada: ▲7.4% YoY Highways – PCU Traffic growth* o Ambala - Chandigarh: ▼2% QoQ* Segmental Revenue# Net Revenue INR 15.3 bn Others 32.7%
Slide 11: GPUIL Consolidated Debt
GPUIL Consolidated Debt Net Debt (Sector-wise) ^ Gross & Net Debt (INR bn) ^ (in INR bn, %age of total) Others, 3.4, 7% 60 10 50 Corporate, 23.9, 48% Highways, 20.3, 40% Gross Debt Cash & equivalents Net Debt Energy, 2.5, 5% Net debt reduced by ~INR 28 bn QoQ Note : FCCB not considered in debt, ^ As
Slide 12: Energy Business
Energy Business Humility | Entrepreneurship | Teamwork afi Relationships e fe | Learning And Inner Excellence | Social Respofsibility | Reset for individuel
Slide 13: Key Developments in Q2FY23 – Energy Business
Key Developments in Q2FY23 – Energy Business Warora Power Project • Revenue ▼41% QoQ; ▲11% YoY − PLF at 55% vs. 94% in Q1FY23 and 49% in Q2FY22 − PLF down QoQ due to back to back overhauling of Unit 1 and Unit 2 • EBITDA ▼70% QoQ; ▲56% YoY • Cash profit of INR 339 mn vs. profit of INR 1.6 bn in Q1FY
Slide 14: GMR Energy Ltd (GEL) - Operational & Financial Highlights YoY
GMR Energy Ltd (GEL) - Operational & Financial Highlights YoY (figures in INR mn) GEL Consolidated Warora Kamalanga Solar Bajoli Holi Particulars Proforma Q2FY2022 Q2FY2023 Q2FY2022 Q2FY2023 Q2FY2022 Q2FY2023 Q2FY2022 Q2FY2023 Q2FY2023 Revenue 9,100 12,180 2,418 2,695 5,798 7,338 101 102 1,290 EBITD
Slide 15: Transportation and Urban Infrastructure Business (T&UI)
Transportation and Urban Infrastructure Business (T&UI)
Slide 16: Highway Business - Key Developments
Highway Business - Key Developments Hyderabad Vijayawada Project • Traffic ▼5.3% QoQ; ▲7.4% YoY to 11.2 mn PCUs in Q2FY23 − On February 28, 2022, Sole Arbitrator has released report on the claim quantification under Change-in-Law and awarded gross claim of INR 16.72 bn − Report submitted by Sole Arb
Slide 17: Highway Business - Key Developments
Highway Business - Key Developments Chennai ORR Project • GCORR received an award of INR 3.41 bn plus interest against GOTN/TNRDC1 − Supreme Court has upheld the Tribunal Award and dismissed the challenge of GOTN − SPV has filed execution petition in Madras High Court to realize the decretal amount.
Slide 18: Highway Business Assets Performance YoY
Highway Business Assets Performance YoY (figures in INR mn) Hyderabad-Vijaywada Ambala - Chandigarh GPEL Chennai ORR Particulars Q2FY2022 Q2FY2023 Q2FY2022 Q2FY2023 Q2FY2022 Q2FY2023 Q2FY2022 Q2FY2023 Revenue 535 619 0 175 130 109 230 191 EBITDA 458 528 (60) 122 78 63 187 124 Interest 704 684 166 13
Slide 19: Urban Infrastructure – Potential to Unlock Value
Urban Infrastructure – Potential to Unlock Value Krishnagiri Special Investment Region: ~1,265 Acres • ~110 acres under discussion for sale to an agency of Tamil Nadu Govt. • Next phase of development being planned for ~270 acres under Joint Venture with TIDCO1 • Industrial cluster catering to elect
Slide 20: EPC in Dedicated Freight Corridor Projects
EPC in Dedicated Freight Corridor Projects DFCC’s Project Network GMR’s Scope and Highlights • GMR along with JV partner has been awarded contract to construct a part of the Kanpur DFC Eastern Corridor: Contract Length GMR’s Scope Value (INR (KMs) bn) GMR’s stretch of work Mughalsarai to New Mughals
Slide 21: Strategy and Way Forward
Strategy and Way Forward Humility | Entrepreneurship | Teamwork agi Relationships | Deliver the fe | Learning And Inner Excellence | Social Respofsibility | Reset for individuel
Slide 22: India's Energy Sector is Undergoing a Paradigm Shift
India’s Energy Sector is Undergoing a Paradigm Shift A Renewables: Sharp growth expected in upstream B EV Infrastructure: Exponential growth in charging stations as renewable generation EV penetration grows 100%+ CAGR 175 GW 500 GW Target for 2022 Target for 2030 2.5-3k 80-100k # charging stations (
Slide 23: Maximizing value of existing assets & Building a Top Tier tech enabled Clean Energy business
Maximizing value of existing assets & Building a Top Tier tech enabled Clean Energy business 3 pillars of our strategy going forward Nurture & Develop Enhance Value opportunities in Green of existing businesses Ecosystem • Aim for higher utilization of • Continued focus on hydro existing assets & ef
Slide 24: 5 Overarching Principles to Operationalise the Strategy
To Operationalise the Strategy We Envision to Follow 5 Overarching Principles Principles ` High focus on ` Build on our group’s innovative, asset- strengths and light, platform-based leverage and technology- Deploy efficient Invest in emerging infrastructure assets capital structure and Enter strate
Slide 25: Clearly Defined Strategies to Capitalize on the Attractive Industry Prospects
Clearly Defined Strategies to Capitalize on the Attractive Industry Prospects Expedite receipt of arbitration claims Highways Monetize existing assets in a phased manner Conclude current monetization efforts: o ~ 275 acres under sale to SIPCOT (agency of Tamil Nadu Govt.) in FY23 Krishnagiri S
Slide 26: ESG Practices
ESG Practices Humility | Entrepreneurship | Teamwork afi Relationships e fe | Learning And Inner Excellence | Social Respofsibility | Reset for individuel
Slide 27: ESG - GPUIL
ESG - GPUIL Environment Profits • GKEL, GWEL and Bajoli Holi are ISO 14001 certified Environmental Management System CSR Spend (Q2FY23) - INR 5.4 mn • GKEL and GWEL have ISO 50001 in place Total beneficiaries - Over 36,000 • GWEL Completed Green House Gas emission verification audit as per ISO • CSR
Slide 28: Thank You
Thank You For further information, please visit Website: www.gmrpui.com or Contact: GPUIL–IR@gmrgroup.in
Slide 29: Annexures
Annexures Humility | Entrepreneurship | Teamwork afi ela
Slide 30: Annexures
Annexures Particulars No. Profitability Statement (Consolidated) A Financial Performance • Energy Sector (Consolidated) B • Warora (Standalone) C • Kamalanga (Standalone) D • Bajoli Holi (Standalone) E • Highways Sector (Consolidated) F 28
Slide 31: Annexure A: GPUIL (Consolidated)
Annexure A : GPUIL (Consolidated) INR mn Q2FY2022 Q1FY2023 Q2FY2023 H1FY2022 H1FY2023 Gross Revenue 10,510 10,687 15,807 19,267 26,494 Less: Revenue Share 381 483 460 694 943 Net Revenue 10,129 10,204 15,348 18,573 25,551 Total Expenditure 8,478 8,801 14,782 16,076 23,583 EBITDA 1,651 1,403 565 2,49
Slide 32: Annexure B: Energy Business (Consolidated)
Annexure B : Energy Business (Consolidated) INR mn Q2FY2022 Q1FY2023 Q2FY2023 H1FY2022 H1FY2023 Gross Revenue 5,362 5,473 9,236 9,829 14,709 Operating Expenditure 5,202 5,382 9,993 9,668 15,375 EBITDA 160 91 (758) 162 (667) EBITDA margin 3% 2% -8% 2% -5% Other Income 186 43 59 357 102 Interest & Fin
Slide 33: Annexure C: Warora (Standalone) Power Plant
Annexure C : Warora (Standalone) Power Plant INR mn Particulars Q2FY2022 Q1FY2023 Q2FY2023 H1FY2022 H1FY2023 Total Revenue 2,418 4,565 2,695 5,002 7,260 Fuel - Consumption 1,527 2,583 1,760 3,062 4,343 Other Expenses 591 435 466 1,086 901 EBITDA 301 1,546 469 854 2,015 EBITDA margin 12% 34% 17% 31%
Slide 34: Annexure D: Kamalanga (Standalone) Power Plant
Annexure D : Kamalanga (Standalone) Power Plant INR mn Q Particulars Q2FY2022 Q1FY2023 Q2FY2023 H1FY2022 H1FY2023 1 Total Revenue 5,798 7,330 7,338 11,533 14,668 Fuel - Consumption 2,962 3,261 4,765 5,871 8,026 Other Expenses 1,008 1,052 913 2,077 1,965 EBITDA 1,828 3,016 1,661 3,585 4,677 EBITDA ma
Slide 35: Annexure E: Bajoli Holi (Standalone) Power Plant
Annexure E : Bajoli Holi (Standalone) Power Plant INR mn Particulars Q1FY2023 Q2FY2023 H1FY2023 Total Revenue 1,080 1,290 2,370 Fuel - Consumption - - - Other Expenses 287 273 560 EBITDA 793 1,018 1,811 EBITDA margin 73% 79% 76% Other Income 24 9 33 Interest & Finance Charges 916 860 1,776 Depreciat
Slide 36: Annexure F: Highway Business (Consolidated)
Annexure F : Highway Business (Consolidated) INR mn Q2FY2022 Q1FY2023 Q2FY2023 H1FY2022 H1FY2023 Gross Revenue 1,275 1,632 1,554 2,498 3,186 Less: Revenue Share 381 483 460 694 943 Net Revenue 894 1,149 1,094 1,804 2,244 Operating Expenses 198 271 301 557 572 EBITDA 696 878 793 1,246 1,672 EBITDA ma
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