Power Grid Corporation Of India Limited · NSE:POWERGRID
Power Grid Corporation Of India — Q4 FY2022 Earnings Presentation
31 slides from Power Grid Corporation Of India's earnings presentation, May 23, 2022
Slide 1: Investor Presentation
Investor Presentation May 23, 2022 www.powergrid.in 1
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: Agenda
Financial Performance – Q1FY21 POWERGRID Overview Major Highlights Performance Highlights Business Outlook Sector Outlook Award 3
Slide 4: POWERGRID Overview
POWERGRID Overview A “Maharatna” CPSE •Transmission Lines •Sub-stations Govt. of India shareholding 51.34% •1,72,437 ckm •~4,74,457 MVA •1,352 nos •265 nos India’s 3rd Largest in terms of Gross Block1 •IR Capacity •97,290 MW • >85% of India’s Capacity Subsidiary : 24 Nos, Joint Venture2 : 10 Nos As
Slide 5: Major Highlights
Major Highlights • Completion of Raigarh – Pugalur–Trichur HVDC Scheme • Incorporation of POWERGRID Energy Services Limited • Asset Monetized worth ₹ 8370 cr • Commissioned Six TBCB subsidiaries • POWERGRID Ajmer-Phagi Transmission Limited, • POWERGRID Jawaharpur Firozabad Transmission Limited, • PO
Slide 6: Performance Highlights
Performance Highlights Project Execution Operational Performance Financial Performance Other Business Commercial Performance 6
Slide 7: Project Execution
Project Execution Financial Performance – Q1FY21 FY22 Performance Q4FY22 Performance 20,695 Capex ₹ 742 710 cr 15,136 Standalone Capitalization ₹ 2,144 cr 9,060 4,432 Capex ₹ 1,872 cr Capex Capitalization Consolidated Standalone Consolidated Capitalization ₹ 2,182 cr Capitalization figures. exclusiv
Slide 8: Project Execution: Addition in FY22
Project Execution Financial Performance – Q1FY21 Addition in FY22 Transmission MVA capacity Sub-Station IR Capacity Line 5,450 ckm 43,564 MVA 7 Nos 7200 MW 8
Slide 9: Operational Performance
Operational Performance Consistent Track Record amid Covid distruption Availability Reliability (Trippings per line) 99.81% 99.82% 99.83% 0.60 99.76% 99.75% * 99.71% 0.46 0.39 0.36 0.33 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 Achieved highest availability and lowest trippings per line in l
Slide 10: Operational Performance
Operational Performance Commissioning of World’s first 400 kV Reactor with environment friendly Natural Ester oil • Natural Ester Oil fluid is a vegetable seed-based fluid derived from renewable agricultural seed crops. • Easily biodegradable thus leaving minimal environmental footprint. • Lower ris
Slide 11: Operational Performance
Operational Performance Refurbishment of old HVDC systems Refurbishment will ensure higher system availability of HVDC link, will provide reliability to the grid. • 2X250 MW Vindhyachal back-to-back HVDC • 1500 MW +/- 500 kV Rihand - Dadri bipole HVDC ▪ Also tested for reverse power operation form D
Slide 12: Financial Performance-Q4FY22
Financial Performance-Q4FY22 Standalone Consolidated 10,942 10,816 11,068 10,705 4,321 4,156 3,516 3,526 Income PAT Income PAT Q4 FY21 Q4 FY22 Q4 FY21 Q4 FY22 (₹ in crore) Corresponding quarter PAT growth of 23% on standalone & 18% on consolidated basis. 12
Slide 13: Financial Performance-Q4FY22
Financial Performance – Q1FY21 Financial Performance-Q4FY22 Standalone Consolidated Description Growth Growth (Qtr ended) (Qtr ended) 31.03.22 31.03.21 (%) 31.03.22 31.03.21 (%) Income - Transmission Charges 9,816 9,585 2% 10,299 10,176 1% - Consultancy – Services 252 174 45% 234 151 55% - Telecom 1
Slide 14: Financial Performance-FY22
Financial Performance-FY22 Standalone Consolidated 42,336 42,698 40,824 40,527 17,094 16,824 11,936 12,036 Income PAT Income PAT FY21 FY22 FY21 FY22 (₹ in crore) Y-o-Y PAT growth of 43% on standalone & 40% on consolidated basis. 14
Slide 15: Financial Performance-FY22
Financial Performance – Q1FY21 Financial Performance-FY22 Standalone Consolidated Description Growth Growth (Year ended) (Year ended) 31.03.22 31.03.21 (%) 31.03.22 31.03.21 (%) Income - Transmission Charges 38,595 36,457 6% 40,365 38,498 5% - Consultancy – Services 753 501 50% 671 434 55% - Telecom
Slide 16: Financial Performance
Financial Highlights –Q1FY21 (Standalone) Financial Performance (₹ in crore, unless stated otherwise) Description Standalone Consolidated as on 31.03.22 as on 31.03.21 as on 31.03.22 as on 31.03.21 Gross Fixed Assets (₹ crore) 2,49,954 2,34,284 2,62,726 2,41,498 Capital Work-in-Progress (₹ crore) 7,
Slide 17: Other Key Financial Information
Other Key Financial Information Description FY22 FY21 Surcharge Income (Consol.) 375 744 Incentive (Consol.) 448 481 Int. from Subsidiaries & JVs* 885 1,067 Int. on differential tariff 481 2 Dividend from JVs* 68 107 Dividend from Subsidiaries* 436 547 Dividend from Associates/Others* 160 9 CSR Expe
Slide 18: Shareholders Return
Shareholders Return Consistent Dividend payout Dividend ( in ₹ crore) Dividend payout as % of PAT 10,289 Interim Final 54% 57% 60% 1,570 53% 6,801 40% 5,834 5,228 2,093 3,299 1,565 2,114 8,719 1,762 4,708 3,663 3,720 1,537 FY18* FY19* FY20* FY21 FY22 FY18 FY19 FY20 FY21 FY22 Bonus share issued in th
Slide 19: Telecom Performance
Telecom Performance Incorporation of POWERGRID Teleservices Limited Income • 92 new customers added in FY22. 708 • 99.99% Backbone Availability. 580 • 458 PoP and 780 PoI locations. • ~74,000 kms optical fiber network. Point of Presence(PoP), Point of Interface(POI) • Expansion into Data Centre Busi
Slide 20: Consultancy Performance
Consultancy Performance Income • Foot-print 02 new countries viz. Moldova 671 & Guinea. International • 06 new orders in FY22. 434 • 15 Ongoing assignments. • 26 EOIs submitted. • 21 new orders in FY22. Domestic FY21 FY22 • 68 assignments in hand. (₹ in crore) • Agreement with AFRICA-50 JDA signed f
Slide 21: Other related business
Other related business Smart Metering • Potential Opportunity : 25 cr meters, ~ ₹ 1.5 L cr (incl. GBS : ₹ 22,500 cr). • Initiated procurement process for End-to-End Smart Metering Solution for 1 cr Smart meters. • Discussion with the States underway for MoU route. Battery Energy Storage Systems(BESS
Slide 22: Other related business
Other related business Solar Power Generation • 5 locations having potential of installed capacity of about 200MWp identified. •Activities for setting up POWERGRID’s first commercial Solar PV Project of 105 MWp at Nagda. •Other locations are Aurangabad (Maharashtra), Durgapur (W.B.), Bina (M.P.), It
Slide 23: Other related activities
Other related activities • POWERGRID released its 7th Sustainability Report 2019-21. • Prepared in accordance with Global Reporting Initiative (GRI) Standards “Core”. • Duly validated by Independent Accredited Assurance Provider following International Standards like Accountability’s AA1000AP (2018)
Slide 24: Commercial Performance
Commercial Performance (Apr’20-Sept’20) Commercial Performance (at the end of) Outstanding dues (at end of Qtr) Billing (in ₹ crore) 62.46* ₹ 36,023 cr 7,080 48.15* 50.08* 43.69* 4,953 5,017 3,747 4,312 Realization 2,248 2,257 2,686 ₹ 35,295 cr 3,333 2,760 2,705 1,626 Q1FY22 Q2FY22 Q3FY22 Q4FY22 %ag
Slide 25: Business Outlook: Work in Hand
Business Outlook FY23 Capex Plan ₹ 8,000 crore Work in Hand* : ₹ 53,300 cr Ongoing Projects New Projects TBCB Projects ₹ 6,700 cr ₹ 31,800 cr ₹ 14,800 cr * At end of FY22 25
Slide 26: Business Outlook
Business Outlook Under Bidding 22 projects ₹ 21,200 cr Upcoming ISTS Projects Bidding to be Opportunities initiated ₹ 8,600 cr under TBCB 10 projects ₹ 31,850# cr InSTS Under Bidding ₹ 2,050 cr Projects 2 projects # NCT cost estimate 26
Slide 27: Sectoral Growth Outlook
Sectoral Growth Outlook Financial Performance – Q1FY21 Drivers of Growth India’s climate change 24x7 clean and affordable power to be available to all action at COP26 Increased share of RE in installed capacity and consumption Target by 2030 500GW Non-fossil Decarbonisation of transport and adoption
Slide 28: Sectoral Growth Outlook
Sectoral Growth Outlook Financial Performance – Q1FY21 Strong Growth Projected FY22 FY27 FY30 Installed Capacity(GW) 399 568 838 Installed Capacity–RE (GW) 109.8 225 450 Peak Demand(GW) 203 299 340 Energy Requirement(BU) 1566 2047 2325 Per-capita 1208* 1616 2100 Energy consumption(Units) * FY20 prov
Slide 29: Sectoral Growth Outlook
Sectoral Growth Outlook Financial Performance – Q1FY21 ISTS expansion plan 2026-27 10,009 84,695 29,904 9,355 27,673 26,967 20,525 19,079 6,099 49,365 52,820 4,404 23,330 2,028 6,630 ckm addition MVA addition Estimated Investment(₹ in cr) 2022-23 2023-24 2024-25 2025-26 2026-27 As per CTUIL Rolling
Slide 30: Awards
Awards Financial Performance – Q1FY21 S&P Global Platts Top POWERGRID continues to be ‘Fastest Growing Electric Utility in Asia Pacific’ for the eighth 250 Energy Company successive year since 2014. Rankings® 2021 Positioned as the 9th Fastest Growing Electric Utility globally. POWERGRID - a Great R
Slide 31: Thank You
Thank You www.powergrid.in 31
Power Grid Corporation of India — Q4 FY2022 Earnings Presentation on 6ix