Power Grid Corporation Of India Limited · NSE:POWERGRID
Power Grid Corporation Of India — Q1 FY2014 Earnings Presentation
20 slides from Power Grid Corporation Of India's earnings presentation, Aug 2, 2013
Slide 1: Power Grid Corporation of India Limited Press Meet
POWER GRID CORPORATION OF INDIA LIMITED Press Meet August 2, 2013 Mumbai One Nation One Grid
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: Q1FY14 Highlights
Q1FY14 Highlights POWERGRID secures first project offered under the ‘Tariff Based Competitive Bidding’ in FY14 Secures Management Contract of Ethiopian Electric Power Service Company Sasaram – Fatehpur II Inter-regional line completed Inter-regional power transfer capacity enhanced to 31,850MW One N
Slide 4: POWERGRID Today – An Overview
POWERGRID Today – An Overview CENTRAL A ‘NAVRATNA’ LISTED PAYING DIVIDEND CONSISTENTLY RATED TRANSMISSION ENTERPRISE COMPANY SINCE 1993-94 ‘EXCELLENT’ BY GoI UTILITY Vision World Class, Integrated, Global Transmission Company With Dominant Leadership in Emerging Power Markets Ensuring Reliability, S
Slide 5: Financial Highlights- Q1FY14
Financial Highlights- Q1FY14 (₹ in crore) Year ended Quarter ended Description 31.03.2013 30.06.2012 30.06.2013 Revenue - Transmission Charges 12211 2775 3392 - Consultancy Income - Services 229 60 66 - Consultancy Revenue – Sale of Products 86 29 - Telecom 232 54 73 - Other Income 571 91 74 Total I
Slide 6: Financial Highlights- Q1FY14
Financial Highlights- Q1FY14 (₹ in crore) As on 31.03.2013 As on 30.06.2012 As on 30.06.2013 Gross Fixed Assets 80600 68876 83550 Debt 66188 57987 72094 Net Worth 26213 24358 27254 Earning Per Share (Rs) 9.15 1.88** 2.25** Book Value per Share (Rs) 56.62 52.61 58.87 Key Financial Ratios Debt : Equit
Slide 7: Billing & Realization – Q1FY14
Billing & Realization – Q1FY14 Billing Realization %age realization ₹ 3142 crore ₹ 2947 crore 94% Avg. Monthly Billing: ₹ 1100 crore => 2mnths (60 days’) billing = ₹ 2200 crore Balance due but not outstanding (<60 days allowed as per CERC) = ₹ 1179 crore Description ₹ in crore Outstanding > 60 days
Slide 8: Project Execution
Project Execution Theme ‘Capitalization’ continues to be the main focus (₹ in crore) Gross Fixed Assets 83,550 Addn. during past 27 months ₹ 33,102 crore 50,343 33,207 17,213 13,044 2,950 Addn. in first 252 Addn. in FY12 Addn. in FY13 Addn. in Q1FY14 Addn. in last 27 Total mths (upto Jun-13) mths (a
Slide 9: Project Execution Dynamics
Project Execution Dynamics Capex Present C B Path I: Rapid Growth Shorter Time period (T) ; Bulge in WIP for short duration Path II: Conventional Capitalization Growth Longer duration (nT) A One Nation One Grid 9
Slide 10: Project Highlights
Project Highlights Avg Monthly Growth 2,778 93,050 82,355 75,013 7.5x 2x 135 34 705 19,024 327 369 Addn. in first 252 mths Addn. in last 27 mths (since inception to FY11) ckm MVA S/S First 252 mths Last 27 mths ckm MVA Inter-Regional Capacity Mar-10 Mar-11 Mar-12 Mar-13 Jun-13 Road to 65,550MW by 20
Slide 11: Projects Targeted for FY14
Projects Targeted for FY 14 Transmission Lines Sub-Stations Inter-Regional Capacity 17 Nos. ~ 12,000 GW-ckm 4,200 MW ~ 40,000 MVA Major Major Lines Inter-Regional Sub-stations • Agra - Jhatikara • Raigarh (Kotra) • Sasaram - Fatehpur II • Agra - Meerut • Indore • Raichur - Sholapur • Parbati Pooling
Slide 12: Operations Highlights – Q1FY14 Asset Management
Operations Highlights – Q1FY14 Asset Management Assets under Management Lines: 821 Nos. Sub-Stations: 169 Nos. Reliability • 101,379 ckm • 163,068 MVA Availability • 765kV: 5.6% • 1300 X-formers & 0.20 trippings • 400kV (*): 8.33% Reactors 99.90% • 46 S/S operated remotely per line • (incl. 12 unman
Slide 13: Operations Highlights- Grid Mgmt. (POSOCO)
Operations Highlights- Grid Mgmt. (POSOCO) STOA (Transactions ‘000) 22 I-R Exchange (BU) 17 66 14 57 59 52 10 6 7 5 2 19 Bilateral Collective FY10 FY11 FY12 FY13 FY14 FY11 FY12 FY13 FY14 (upto (upto Jun-13) Jun-13) 52 50 STOA (Energy in BU) 42 Optimal utilization of resources through STOA & IR Excha
Slide 14: Consultancy- Highlights: Q1FY14
Consultancy- Highlights: Q1FY14 Domestic Repeat Under 24 Assignments for Project Cost ₹7,000 crore under New Orders Execution consideration Orders 11 8 Intra-State T&D works Leh-Kargil line 123 from from in NER T&D works in Arunachal assignments & Sikkim 9 clients 6 clients Agreement signed with 6 N
Slide 15: Consultancy- Highlights: Q1FY14
Consultancy- Highlights: Q1FY14 Order secured from IFC International Afghanistan • Consultancy for appointment of EPC and O&M agencies for CASA-1000 Bangladesh Orders Project Nepal • 3 Orders received • 2 New clients Bhutan Sri Lanka Kenya Reach • 12 Countries Ethiopia • 1 new country Nigeria added
Slide 16: Telecom Highlights – Q1FY14
Telecom Highlights – Q1FY14 Q1 Highlights • 8 new clients added • 1 from Govt sector; 7 from Pvt Sector • Q1FY14 Income: ₹ 73 crore • Increase of 35% over Q1FY13 • 2 new cities added to the existing network • (Aizawl in Mizoram, Itanagar in Arunachal Pradesh) GoI Projects (Under NKN & NOFN implement
Slide 17: New Initiatives- Updates
New Initiatives- Updates Distribution Green Energy Energy Efficiency JVs with States (Wire Business) Smart Grid/ City Corridors ₹43,000 cr - Pilot Project in - Energy Audit for - 2 JVs formed - Petition investment Puducherry under external (Bihar & Odisha)- submitted in envisaged implementation esta
Slide 18: Investment Programme – XII Plan
Investment Programme – XII Plan Projects/ Schemes Capex Planned Capex (₹100,000 earlier Projects/ Anticipated now crore) Schemes FY13: ₹20,000 cr anticipated FY13: ₹20,037 cr. IPPs: ₹48,000 cr now * FY14: ₹22,150 cr. FY14: ₹20,000 cr CS Gen: ₹25,000 cr (₹6500 cr till July) FY15: ₹20,000 cr ₹110,000
Slide 19: Domestic Borrowings – Bonds (Coupon)
Domestic Borrowings – Bonds (Coupon) Coupon for POWERGRID G-Sec Rate AAA Bond Coupon 9.64% 9.50% 9.46% 9.500% 9.64% 9.29% 9.34% 9.40% 9.11% 8.99% 9.35% 9.30% 9.25% 9.25% 8.80% 8.69% 8.84% 8.83% 8.85% 8.80% 8.72% 8.69% 8.64% 8.57% 8.52% 8.52% 8.16% 8.32% 8.32% 7.99% 7.93% 7.76% 7.60% FY11-1 FY11-2 FY
Slide 20: One Nation One Grid
One Nation One Grid 20
Power Grid Corporation of India — Q1 FY2014 Earnings Presentation on 6ix