Torrent Power Limited · NSE:TORNTPOWER
Torrent Power — Q2 2020-21 Earnings Presentation
23 slides from Torrent Power's earnings presentation, Nov 5, 2020
Slide 1: Exchange filing cover letter for investor presentation
;orrent- POWER November 05, 2020 To, To, Corporate Relationship Department Listing Department, BSE Ltd National Stock Exchange of India Ltd 141h Floor, P. J. Towers, "Exchange Plaza", C - 1, Block G Dalal Street, Fort, Bandra- Kurla Complex, Bandra (East), Mumbai-400 001 Mumbai 400 051 SCRIP CODE: 5
Slide 2: Investor Presentation Q2 2020-21
INVESTOR PRESENTATION Q2 2020-21
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 Sr. No. Particulars 1. Torrent Group 2. Torrent Power Limited 3. Overview of Operations : Q2 2020-21 4. Investment Rationale 5. Five Year Trend : Key Financial & Technical Statistics
Slide 5: 1. Torrent Group
1. Torrent Group TORRENT PHARMACEUTICALS LIMITED • A generics pharmaceutical major with strong global footprint • Ranked in top 10 in Indian pharma market with leading position in niche therapeutic areas • Ranked No. 1 among Indian Pharma companies in Brazil, Germany & Philippines TORRENT POWER LIMI
Slide 6: Torrent Group (Contd…)
Torrent Group (Contd…) Turnover $ 2862 Mn Market Cap $ 8460 Mn Enterprise Value $ 10342 Mn Employees 21900+ Spreading smiles Illuminating Lives Not just healthcare… Lifecare Generating Trust. Distributing Opportunities. Building pan-India state-of-art Turnover: $ 1053 Mn Turnover: $ 1809 Mn city gas
Slide 7: 2. Torrent Power Limited
2. Torrent Power Limited Spreading smiles Illuminating Lives Thermal Solar Wind Transmission Distribution - 2730 MW state- - 138 MW oper- - 649 MW oper- - 355 kms 400 kV - Licensed of-art gas based ational - 138 capacity MW of ational - 430 capacity MW of & 128 Kms of distribution areas operational
Slide 8: Portfolio of Assets: Thermal Generation
Torrent Power Limited (Contd…) PORTFOLIO OF ASSETS : THERMAL GENERATION 1147.5 MW 382.5 MW 1200 MW 362 MW (3 x 382.5) (1 x 382.5) (3 x 400) (1 x 120 MW, 2 x 121 MW) Gas-based CCPP Gas-based CCPP Gas-based CCPP Coal Based Near Surat, Gujarat Near Surat, Gujarat Near Bharuch, Gujarat Ahmedabad, Gujara
Slide 9: Portfolio of Assets: Renewable Generation
Torrent Power Limited (Contd…) PORTFOLIO OF ASSETS : RENEWABLE GENERATION 51 87 49.6 201.6 50.9 50.4 120 126 50 Adjacent Gulbarga & Patan in to SUGEN Jamnagar Kutch in Rajkot in Bhavnagar Osmanabad Kutch, Raichur in Gujarat Plant, in Gujarat Gujarat Gujarat in Gujarat Maharashtra Gujarat Karnataka G
Slide 10: Portfolio of Assets: Licensed Distribution
Torrent Power Limited (Contd…) PORTFOLIO OF ASSETS : LICENSED DISTRIBUTION Ahmedabad/ Particulars Surat Dahej Dholera SIR Gandhinagar Licensed Area ~ 356 sq. km. ~ 52 sq. km. ~ 17 sq. km. ~ 920 sq. km. Peak Demand 2,018 MW 695 MW 72 MW - License validity Till 2025 Till 2028 Till 2034 Till 2044 T&D
Slide 11: Portfolio of Assets: Franchised Distribution
Torrent Power Limited (Contd…) PORTFOLIO OF ASSETS : FRANCHISED DISTRIBUTION Shil, Mumbra, Kalwa Particulars Bhiwandi Agra (SMK) Licensed Area ~ 721 sq. km. ~ 221 sq. km. ~65 sq. Km. Peak Demand 580 MVA 473 MVA - License validity 25th Jan 2027 31st March 2030 29th Feb 2040 Country's first unique P
Slide 12: 3. Overview of Operations – Q2 2020-21: Consolidated Income Statement
3. Overview of Operations – Q2 2020-21 CONSOLIDATED INCOME STATEMENT Q2 20-21 Q2 19-20 Growth H1 20-21 H1 19-20 Growth FY 19-20 Particulars (Rs. Cr.) Unaudited Unaudited % Unaudited Unaudited % Audited Revenue from Operations 3,129 3,842 -19% 6,136 7,578 -19% 13,641 Power Purchase Cost 1,866 2,150 3
Slide 13: Overview of Operations – Q2 2020-21 (Contd…)
Overview of Operations – Q2 2020-21 (Contd…) The Total Comprehensive Income (TCI) for the quarter was lower by 73% compared to Q2 of previous year. However, both the quarters were impacted by one-off items. The current quarter has a net one-off charge of Rs. 121 Cr and the comparative quarter had a
Slide 14: Q2 Thermal PLF / Net Generation
Overview of Operations – Q2 2020-21 (Contd…) Q2 Thermal PLF (%)/ Net Generation (MUs) 90.5% 69.6% 70.2% 64.4% 64.4% 42.9% 43.4% 46.4% 40.5% 662 42.9% MUs 1587 MUs 1714 577 3038 MUs MUs 529 MUs 313 MUs 2514 2827 2377 MUs MUs MUs 8.3%10.5% MUs 214 270 MUs MUs SUGEN UNOSUGEN DGEN GAS PLANTS AMGEN THERM
Slide 15: Q2 Renewable PLF / MUs Dispatched
Overview of Operations – Q2 2020-21 (Contd…) Q2 Renewable PLF (%)/ MUs Dispatched 39.1% 28.7% 264 MUs 477 12.9% 13.9% MUs 440 MUs 42 39 MUs MUs 473 MW 649 MW 138 MW WIND SOLAR Q2 2019-20 Q2 2020-21
Slide 16: Q2 USO/Purchase and T&D Loss
Overview of Operations – Q2 2020-21 (Contd…) Q2 USO/Purchase (MUs) 2,317 2,129 898 927 597 641 651 650 A'bad Surat Bhiwandi Agra Q2 2019-20 Q2 2020-21 T&D Loss (%) T&D Loss (%) 9.34% 7.38% 23.04% 3.37% 3.84% 14.22% 14.11% 16.04% A'bad Surat Bhiwandi Agra H1 2019-20 H1 2020-21 H1 2019-20 H1 2020-21
Slide 17: 4. Investment Rationale
4. Investment Rationale • State of the art gas • Huge growth potential • Need for a robust • Opportunities for based plants in renewables; expect grid to support huge private sector the returns to rise increase in considering the • Direct import of LNG above COE as renewables capacity endemic ineffi
Slide 18: Investment Rationale (Contd…)
Investment Rationale (Contd…) Excellent Regulated operational records Promising businesses growth ensuring opportunities stable returns Unmatched Strong project distribution management model skills World class Rational generation Value allocation of assets Creation capital
Slide 19: 5. Five Year Trend - Key Financial Statistics
5. Five Year Trend - Key Financial Statistics Revenues from Operations (₹ Crore) EBIDTA (₹ Crore)/EBIDTA Margin (%) 13151 13641 3734 11716 11512 3336 3381 3389 10000 2651 29% 28% 27% 27% 26% 2015-16 2016-17 2017-18 2018-19 2019-20 2015-16 2016-17 2017-18 2018-19 2019-20 TCI (₹ Crore) Net Worth (₹ Cr
Slide 20: Five Year Trend - Key Financial Statistics (Contd…)
Five Year Trend - Key Financial Statistics (Contd…) Net Debt / EBITDA Net Debt Equity Ratio 0.93 0.92 2.99 0.89 2.49 2.61 2.26 2.18 0.80 0.80 2015-16 2016-17 2017-18 2018-19 2019-20 2015-16 2016-17 2017-18 2018-19 2019-20 Return on Capital Employed Return on Networth 11.21% 13.22% 12.62% 9.62% 9.32%
Slide 21: Five Year Trend - Key Technical Statistics
Five Year Trend - Key Technical Statistics (Contd…) THERMAL PLF (%) T&D loss (%) Licensed Distribution 87.8% 74.6% 71.4% 72.9% 65.0% 62.3% 7.15% 6.81% 6.31% 59.9% 5.61% 47.5% 65.3% 60.1% 4.98% 35.8% 3.89% 3.92% 3.59% 3.43% 34.6% 3.43% 25.4% 40.7% 27.3% 33.3% 33.4% 25.7% 6.5% 0.76% 0.53% 0.40% 0.35%
Slide 22: Thank You
Contact details: Rishi Shah Torrent Power Limited THANK YOU “Samanvay”, 600 Tapovan, Ambawadi, Ahmedabad 380015 Ph. No. (079) 26628473 Email: IR@torrentpower.com www.torrentpower.com
Slide 23: Media Release: Torrent Power Reports Q2 FY 2020-21 Results
MEDIA RELEASE In case of any enquiry / clarification, please contact Mr. Jayesh Desai on +91 9824501396 TORRENT POWER REPORTS Q2 FY 2020-21 RESULTS Revenue from Opera ons ₹ 3,129 crs in Q2 FY 2020-21 compared to ₹ 3,842 crs in Q2 FY 2019-20 ₹ 6,136 crs in H1 FY 2020-21 compared to ₹ 7,578 crs in H1 F