Tata Power Company Limited · NSE:TATAPOWER
Tata Power — The Tata Power Company — Investor Presentation (November 2013)
31 slides from Tata Power's investor presentation, November 2013
Slide 1: Tata Power Investors Meet November 2013
Presentation Title (Company The Tata Power Arial, Font sizeLtd. 28 ) Date, Venue, etc November ..( Arial, Font size 18 ) 2013 …Message Box ( Arial, Font size 18 Bold)
Slide 2: Disclaimer
Disclaimer •Certain statements made in this presentation may not be based on historical information or facts and may be “forward looking statements”, including those relating to The Tata Power Company Limited‟s general business plans and strategy, its future outlook and growth prospects, and future
Slide 3: A Tata Group Company
A Tata Group Company Promoter Revenue by business segments Listed Companies Mkt Cap ($ bn)2 Shareholding (%)1 Tata Consultancy Services 63.06 73.9 Chemicals, 3 Services, 4 Tata Motors 20.15 34.3 Energy, 6 Tata Steel 6.63 31.3 Engineering , 38 Titan 3.26 53.1 Tata Power 3.21 32.5 IT & Comm, Revenue 1
Slide 4: Tata Power is India's largest Integrated Power Utility
Tata Power is India‟s largest Integrated Power Utility • Founded in 1906 to supply power to Mumbai – First hydro plant commissioned in 1915 – Set up thermal power plants in Mumbai in the 1950s • Expanded in India after private sector reforms in 1990s Fuel Fuel Logistics Generation Transmission Distr
Slide 5: Tata Power: Business Overview
Tata Power: Business Overview • Trombay • Hydros • Jojobera • Belgaum • Haldia • Wind Farms Power Generation • CGPL (Mundra UMPP) 100% Business • Maithon 74% • IEL 74% • Dagachhu 26% • OTP Geothermal 50% • Cennergi 50% • Georgia Hydro 40% • Mumbai Transmission • Powerlinks 51% Investments • Mumbai D
Slide 6: Existing Generation Assets and Growth Plans
Existing Generation Assets and Growth Plans Operational Under Execution Projects in advanced Projects under stages of development scanning- 6300 MW* Trombay 1580 Dagacchu 126 Hydros 447 Kalinganagar 202 Thermal 8270 Belgaum 81 Georgia 185 Renewables 1000 30000 Wind 437 Cennergi 230 25000 MW Haldia 1
Slide 7: Existing Generation Assets - Business Models
Existing Generation Assets - Business Models Capacity % of overall Tata Power Off-take Model Returns Upside (MW) capacity projects counterparty Mumbai Operations BEST, TPTCL, Tata Fixed return Savings on Norms + (Thermal & Hydro), Regulated returns 3425 40% Power Distribution, on equity PLF incentiv
Slide 8: Mundra UMPP (4000 MW)
Mundra UMPP (4000 MW) Status Project Commissioned Capacity 4000 MW (5 X 800 MW) Gujarat (1805 MW), Maharashtra (760 MW), Punjab (475 MW), Haryana (380 MW), Rajasthan (380 Customers MW) Fuel Imported Coal – 10-12 MTPA Requirement Offtake agreement with Indocoal for 10.11 ± 20% & Source Look
Slide 9: Maithon Power Limited (1050MW)
Maithon Power Limited (1050MW) Status Project Commissioned Capacity 1050 MW (2 X 525 MW) DVC (300 MW), NDPL (300 MW), WBSEB (300 MW), 150 MW under negotiation Customers Long term (30 yr) PPAs commence on CoD for DVC & 1st April 2012 for NDPL and WBSEB Domestic Coal; 100% linkage sanctioned
Slide 10: Projects Under Execution
Projects Under Execution Capacity Project Fuel Status of Completion Power off-take COD (MW) Dagacchu 126 Hydro • NA TPTCL FY14 Gas Gas based – All 3 units Kalinganagar 202 • Civil work in progress Tata Steel based expected by FY15 Turkey (85%), Georgia Hydro 185 Hydro • Civil work in progress FY17 G
Slide 11: Projects Under Development – Domestic
Projects Under Development – Domestic Capacity Project Fuel Source Status Execution schedule (MW) Coal based: Application MOU finalised, Environment for linkage submitted, Clearance for the gas based plant Kalinganagar Indonesian coal being 450 obtained by Tata Steel along with Coal based – All 3 un
Slide 12: Projects Under Development – International
Projects Under Development – International Project Details Tata Power in an agreement with Clean Energy Invest AS and IFC InfraVentures for development of hydro power projects in Georgia with 40% stake in the venture Georgia Phase-II implementing three hydro projects aggregating to 400 MW Power
Slide 13: Renewable Projects under Execution/Development
Renewable Projects under Execution/Development 2 x 63 MW run of the river Hydro with Tata Power holding 26% and Royal Govt. of Bhutan holding 74% Dagacchu 126 MW Project cost-USD 220 million with debt equity of 60: 40; debt tied up with ADB and others Hydro project PPA signed with Tata Power T
Slide 14: Expanding Global Footprint
Expanding Global Footprint Tata Power – Global presence Hydro Projects - Hydro Projects - Georgia Bhutan Comprehensive Electricity Management, RAK, UAE Logistics Office - Singapore Distribution Assignment - Nigeria Technology Investments - Australia JV for Power Projects – Coal Mines, Geothermal Sou
Slide 15: Strategic Investment in Coal
Strategic Investment in Coal 30% stake in Indonesian coal mines – KPC and Arutmin Operating Performance FY13 FY12 FY11 Total estimated coal production to reach 80 mm tonnes by FY14 Quantity mined (MT) 78 67 58 Overall rights adequately protected through the Shareholders‟ Agreement Average Sellin
Slide 16: Long term fuel contracts
Long term fuel contracts Project Fuel requirement Source of fuel Contract details Term PT Adaro: 1.00 MTPA (+/- 0.25MTPA) 5yrs c.3 MTPA of coal Purchase agreements PT Adaro: 1.00 MTPA (+/- 0.2MTPA) 10yrs Trombay Samtan: 0.65 MTPA (+/- 10%) Till FY14 From nearby refineries, Oil delivered by pipeline
Slide 17: Transmission and Distribution
Transmission and Distribution Transmission – Mumbai Powerlinks Transmissions Limited TRANSMISSION Tata Power is amongst the 3 transmission licensees JV between Tata Power (51%) and Power Grid Corporation of that bring power into Mumbai India Ltd. (49%) 1,100 CKm of 220KV / 110KV lines and 19 r
Slide 18: Other Businesses
Other Businesses 100% subsidiary TPTCL, holds a trading license for a period of 25 years starting from 2004 Tata Power Trading Holds a Category 1 trading license, the highest grade of license, which permits the company to trade any amount of power Trust Energy Resources Pte Ltd incorporated in
Slide 19: Appendix: Financial Statements
Appendix: Financial Statements …Message Box ( Arial, Font size 18 Bold)
Slide 20: Snapshot Standalone Financials – Q2 FY2014
Snapshot Standalone Financials – Q2 FY2014 Figures in ` Crores Q2 FY14 Q2 FY13 Revenue from Operations (Net) 2,200 2,520 Operating Expenditure 1,597 1,991 Operating Profit 603 529 Add: Other Income 46 196 EBIDTA 649 725 Less: Depreciation/Amortization/Impairment 140 156 EBIT 509 569 Less: Finance Co
Slide 21: Standalone Results – Q2 FY2014
Standalone Results – Q2 FY2014 Quarter ended Half-year ended Year ended Particulars 30-Sep-13 30-Jun-13 30-Sep-12 30-Sep-13 30-Sep-12 31-Mar-13 (Audited) (Audited) (Audited) (Audited) (Audited) (Audited) PART I MUs MUs MUs MUs MUs MUs (A) 1. Generation 3,404 3,897 4,272 7,301 8,531 15,770 2. Sales 3
Slide 22: Snapshot Standalone Financials – FY2013
Snapshot Standalone Financials – FY2013 Figures in ` Crores FY13 FY12 Revenue from Operations (Net) 9,567 8496 Operating Expenditure 7,515 6,711 Operating Profit 2,052 1,785 Add: Other Income 694 983 EBIDTA 2,746 2,768 Less: Depreciation/Amortization/Impairment 364 570 EBIT 2,382 2,198 Less: Finance
Slide 23: Financials (Standalone)
Financials (Standalone) All figures in INR Revenues EBIDTA and EBIDTA margin billion 103 30.0 30.4% 30.1% 27.7 27.5 35.0% 95 32.6% 30.0% 79 25.0 74 74 24.5% 21.6 20.8 28.7% 25.0% 20.0 17.7 20.0% 15.0 15.0% 10.0 10.0% 5.0 5.0% - 0.0% FY09 FY10 FY11 FY12 FY13 FY09 FY10 FY11 FY12 FY13 EBIT and EBIT mar
Slide 24: Snapshot Consolidated Financials – Q2 FY2014
Snapshot Consolidated Financials – Q2 FY2014 Figures in ` Crores Q2 FY14 Q2 FY13 Revenue from Operations (Net) 8,765 7,700 Operating Expenditure 6,734 6,189 Operating Profit 2,031 1,511 Add: Other Income (293) 68 EBIDTA 1,738 1,579 Less: Depreciation/Amortization/Impairment 689 792 EBIT 1,049 787 Le
Slide 25: Consolidated Results – Q2 FY2014
Consolidated Results – Q2 FY2014 …Message Box 24 ( Arial, Font size 18 Bold)
Slide 26: Snapshot Consolidated Financials – FY2013
Snapshot Consolidated Financials – FY2013 Figures in ` Crores FY13 FY12 Revenue from Operations (Net) 33,025 26,001 Operating Expenditure 26,393 20,676 Operating Profit 6,632 5,325 Add: Other Income 182 (156) EBIDTA 6,814 5,169 Less: Depreciation/Amortization/Impairment 2,902 3,135 EBIT 3,912 2,034
Slide 27: Financials (Consolidated)
Financials (Consolidated) All figures in400 INR Revenues EBIDTA and EBIDTA margin billion 334.0 80 30.00% 350 25.19% 68 300 70 22.61% 263 25.00% 21.12% 60 52 250 50 199 19.66% 20.40% 20.00% 186 196 50 44 200 39 40 15.00% 150 30 100 10.00% 20 50 5.00% 10 - 0 0.00% FY09 FY10 FY11 FY12 FY13 FY09 FY10 F
Slide 28: Tata Power Stock Performance
Tata Power Stock Performance April 2012 – till date: normalized chart BSE Sensex Power Index Tata Power 140 Apr 2012 value 17,319 2,012 106 120 100 80 60 40 20 - Nov-13 Apr-12 Nov-12 Apr-13 Sep-12 Feb-13 Mar-13 Sep-13 Jul-12 Aug-12 Jan-13 Jul-13 Aug-13 May-12 Dec-12 May-13 Jun-12 Oct-12 Jun-13 Oct-1
Slide 29: Initiatives
Tata Power has undertaken a number of initiatives on Sustainability as a part of „Leadership with Care‟ Sustainability initiatives Care for Environment Care for Community Care for Customers Care for People Renewables, clean/ green Community engagement Energy clubs Safety and health energy
Slide 30: Awards and Recognition
Awards and Recognition CII ITC Sustainability Award 2012 for strong Power Line ‘Best Performing Private Discom’ commitment to environment award for TPDDL Power Line award for ‘Best Performing Winner - Infrastructure Excellence Awards 2012 for the Renewable IPP’ project – Ultra Mega Power Project, Mu
Slide 31: …Message Box
Website: www.tatapower.com Email ID: investorrelations @tatapower.com Investor Relations Team Nandakumar S Tirumalai Head – Corporate Finance & Treasury Tel : +91 22 6717 1513 Anirudh Mani Lead – Corporate Finance & Treasury Tel +91 22 6717 1312 …Message Box 30 ( Arial, Font size 18 Bold)
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