Power Grid Corporation Of India Limited · NSE:POWERGRID

Power Grid Corporation Of India — FY2012 Earnings Presentation

44 slides from Power Grid Corporation Of India's earnings presentation, May 30, 2012

  1. Slide 1: Analysts & Press Meet 30-May-12

    POWER GRID CORPORATION OF INDIA LIMITED Analysts & Press Meet 30-May-12 POWERGRID – One Nation, One Grid

  2. Slide 2: A Company Committed to its Commitments

    POWERGRID AACompany Committed Company Consistent to Nation to its Commitments Not a single MW bottled up due to transmission availability Not a Single XI Plan targetsMW is bottled up achieved Capital Expenditure Targets Met POWERGRID – One Nation, One Grid

  3. Slide 3: POWERGRID Today

    POWER GRID CORPORATION OF INDIA LIMITED POWERGRID Today POWERGRID – One Nation, One Grid

  4. Slide 4: POWERGRID Today

    POWERGRID Today A NAVRATNA CENTRAL LISTED DIVIDEND CONSISTENTLY TRANSMISSION PAYING SINCE RATED ‘EXCELLENT’ ENTERPRISE COMPANY BY GoI UTILITY 1993-94 Vision World Class, Integrated, Global Transmission Company With Dominant Leadership in Emerging Power Markets Ensuring Reliability, Safety and Econom

  5. Slide 5: POWERGRID Today

    POWERGRID Today Tr. Lines Sub-stations X-formation Capacity Availability 99.94% 93,000 ckm 151 125,000 MVA Reliability 0.59 trippings/ line POWERGRID’s Sphere of Influence Inter-Regional Carries Innovation Capacity Telecom Network 50% of total power Technology (1200kV1) 25,000 km 28,000 MW generated

  6. Slide 6: Ownership Structure

    POWER GRID CORPORATION OF INDIA LIMITED Ownership Structure POWERGRID – One Nation, One Grid

  7. Slide 7: Ownership Structure

    Ownership Structure 69.42% Government of India POWERGRID 20.77% Institutions 9.81% Non-Institutions Joint Ventures Subsidiaries Investment Teesta Valley Power Powerlinks 4.1% 26% 49% Transmission Ltd. Transmission Ltd. PTC India Ltd. North Eastern 26% 26% Torrent Power Grid Transmission Co. Ltd. 100

  8. Slide 8: Power Sector Overview

    POWER GRID CORPORATION OF INDIA LIMITED Power Sector Overview POWERGRID – One Nation, One Grid

  9. Slide 9: Power Sector Overview – XI Plan

    Power Sector Overview – XI Plan Capacity Addition Thrust on Renewables Installed Capacity (GW) RE Capacity (GW) Tr. Line ('000 ckm) Captive Capacity (GW) 877 (FY12) 33 269 25 (FY07) 659 22 198 200 8 132 End of X Plan End of XI Plan End of X Plan End of XI Plan Performance Improvements Despite constr

  10. Slide 10: POWERGRID: XI Plan Highlights

    POWER GRID CORPORATION OF INDIA LIMITED POWERGRID: XI Plan Highlights POWERGRID – One Nation, One Grid

  11. Slide 11: Major Events

    Major Events Turnover crosses Follow on Public ₹ 10,000 crore offer Implementation of High Capacity Corridors commences Conferred First Navratna Status ±800kV ,6000 MW HVDC 1200kV line test project charged undertaken Turnover : ₹5,000 Secured crore 765kV AC GIS projects introduced through competitiv

  12. Slide 12: Growth: Physical

    Growth: Physical Transformation Capacity (MVA) 125,000 Transmission Lines (ckm) 93,000 59,000 59,000 40,000 XI Plan XI Plan addition 34,000 addition X Plan 66,000 MVA addition 34,000 ckm X Plan 19,000 ckm addition 25,000 MVA ckm MVA Sub- addition addition Stations over X over X Plan 1.8 Plan 2.6 in

  13. Slide 13: Growth: Financial

    Growth: Financial X Plan XI Plan (₹ in ‘000 crore) X Plan (FY07) XI Plan (FY12) 10.7 55 34 4.1 19 3.3 15 1.2 Capex Capitalization Revenue Profit after Tax Asset Capex Financials Dividend Growth • Increases ~3 times of X • FY12 Dividend (*) to Plan • Revenue & PAT in • Increases ~ 2.3 times increase

  14. Slide 14: Growth: Employee Efficiency

    Growth: Employee Efficiency Physical Parameters/ Employee Financial Parameters/ Employee (₹ in lakh) IX Plan (FY02) X Plan (FY07) XI Plan (FY12) IX Plan (FY02) X Plan (FY07) XI Plan (FY12) 112 55 12.9 9.6 35 34 8.0 8.0 5.8 4.9 17 10 ckm/employee MVA/employee Revenue/employee PAT/employee ckm/ Employ

  15. Slide 15: Highlights - FY12

    POWER GRID CORPORATION OF INDIA LIMITED Highlights- FY 12 POWERGRID – One Nation, One Grid

  16. Slide 16: Project Execution

    Project Execution Transmission Line (ckm) Transformation Capacity (MVA) FY11 FY12 FY11 FY12 10592 31475 7064 9648 2078 630 1371 945 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Transmission Systems of Major Projects Sub-Station • 15 in FY12 Commissioned Addition (11 in FY11) UMPP CGS Inter-Regional • Mundra • Mauda • Sa

  17. Slide 17: Project Execution

    Project Execution (₹ in crore) Capex FY11 FY12 Commissioning FY11 FY12 17814 14100 12077 1943 7313 802 1452 1156 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY11 FY12 Nos. 39,000 Increase in: 25,000 • Capex : 48% 21,000 18,000 270 • Commissioning : 93% • Contracts Approved : 39% 199 Investment Approval : 86% Contracts

  18. Slide 18: Theme 'Commissioning/ Capitalization'

    Theme ‘Commissioning/ Capitalization’ (₹ in ‘000 crore) Commissioning/ Capitalisation Capex Commissioning/ Capitalisation CWIP 42% 27% 79% 61% 18% 34% 33.3 26.6 17.8 14.1 20.4 12.0 14.1 10.6 7.3 7.3 3.6 3.6 FY10 FY11 FY12 FY10 FY11 FY12 resulting inL.. Growth in Asset Base Increased Revenues Increas

  19. Slide 19: Operation

    Operation FY 11 FY 12 32 Availability (%) 6 99.80 99.94 Sub-stations operated Un-manned System Reliability remotely sub-stations 1.27 0.59 (No. of Trippings/ line) NTAMC • Implementation started International • Maintenance Service Hubs Benchmarking established Developed Repair • Positioned in High P

  20. Slide 20: International Business

    International Business 19 Assignments for Projects worth ₹ 10,500 crore under execution • Consultancy • SAARC • Asset Focus Footprints Focus Management Geographies • Africa Existing Footprints Businesses • Gulf countries in • EPC 11 countries • JV/ Acquisition Tajikistan Myanmar Bhutan Afganistan Ne

  21. Slide 21: Domestic Consultancy

    Domestic Consultancy 116 Assignments for Projects worth ₹ 19,000 crore under execution 59 new assignments (including 15 Nos. repeat Major Clients include: orders) • Utilities in States/ UTs Major Projects • Central PSUs • Jharkhand Sub-transmission • Central Govt. Organizations (Indian • Smart Grid

  22. Slide 22: Telecom

    Telecom • Order Book increased to ₹ 1050 •Project size: ₹ 6,000 • POWERGRID share crore ₹4,000crore to connect crore in FY12 compared to ₹ 650 50,000 out of 2,50,000 • POWERGRID share crore in FY11 ₹900 crore panchayats • 11 new clients added including 1 Pilot Project International client Under take

  23. Slide 23: Growth: Grid Management (POSOCO)

    Growth: Grid Management (POSOCO) Inter-Regional Exchange (BUs) STOA Exchanges Transactions ('000) Energy (BUs) 257 222 139 87 63 11 X Plan XI Plan X Plan XI Plan IR Exchange Transactions Energy Grown Grown to Grown to to • 1.9 times • 8 times • 3.5 times POWERGRID – One Nation, One Grid

  24. Slide 24: Grid Management- POSOCO

    Grid Management- POSOCO Inter-Regional Exchanges (BU) 59 57 52 46 43 Optimal utilization of resources through STOA & IR Exchanges FY 08 FY 09 FY 10 FY 11 FY 12 leading to reduction in per unit energy charges POWERGRID – One Nation, One Grid

  25. Slide 25: Renewable Energy Certificate (REC) Mechanism

    Renewable Energy Certificate (REC) Mechanism (i‘000 nos.) • More than 10 lakh RECs issued • >95% redeemed through power exchanges • RECs traded: ₹ 286 crore till Mar-12 • 1334 RE generators signed up since inception About 2900 MW RE accredited 5.5% 0.5% 20% RECs- Increasing Penetration 52% 22% Wind

  26. Slide 26: Grid Management: Evolution & Maturity of Power Markets

    Grid Management: Evolution & Maturity of Power Markets Introduced in Apr-12 Sub-Hourly Market 2011: Transmission Pricing (POC) 2010: Power Market, REC 2009: Grant of Connectivity, LTA and MTOA 2009: Trading License 2009: Congestion Management 2009: Imbalance (UI) 2008: Power Exchange 2004: Open Acce

  27. Slide 27: Financial Highlights FY 2011-12

    POWER GRID CORPORATION OF INDIA LIMITED FINANCIAL HIGHLIGHTS FY 2011-12 POWERGRID – One Nation, One Grid

  28. Slide 28: Financial Performance- Q4 FY11-12

    Financial Performance- Q4 FY11-12 • Profit After Tax increased by 37% i.e. ₹ 1032 crore in Qtr-4 from ₹ 751 crore in 32% Qtr-4 (FY2010-11). 3416 • Total Income increased by 32% i.e. ₹3409 crore in Qtr-4 from ₹2580 crore in Qtr-4 (FY2010-11). 2580 • EBITDA increase by 34% i.e. ₹2911 crores in Qtr-4 f

  29. Slide 29: Financial Performance (₹ in crore)

    Financial Performance ( ₹ in crore) %age Description FY 2011-12 FY 2010-11 Growth Income • Transmission Charges 9,544 7,903 20.8% • Consultancy 290 299 (3.0%) • Telecom 201 187 7.5% • Other Income 750 710 5.6% Total Income 10,785 9,099 18.5% EBITDA 9132 7654 19.3% Profit After Tax (PAT) 3,255 2,697

  30. Slide 30: Revenue Collection Efficiency

    POWER GRID CORPORATION OF INDIA LIMITED Revenue Collection Efficiency POWERGRID – One Nation, One Grid

  31. Slide 31: Revenue Realization

    Revenue Realization Monthly Billing vs Realization POWERGRID – One Nation, One Grid

  32. Slide 32: Revenue Collection Efficiency

    Revenue Collection Efficiency (₹ in crore) Billing Outstanding as on date Outstanding FY 11 FY 12 beyond 60 415 ( includes ₹ 250 crore installments) days Increased by Balance Equivalent < 6 days’ billing 7367 11379 165 54% Outstanding (Monthly billing: ₹ 900 crore) Realization of Transmission Revenu

  33. Slide 33: Revenue Collection Efficiency

    Revenue Collection Efficiency CERC Order dated 26-Dec-2011 against Petition No.213/ 2011 “This Commission which has been vested with the function to regulate the inter-State transmission of electricity has the mandate of the Parliament to ensure that inter-State transmission is regulated in a smooth

  34. Slide 34: Revenue Collection Efficiency

    Revenue Collection Efficiency CERC Staff Paper dated 7-May-2012 regarding utilization of PSDF Fund emphasizes: Transmission is a public service and of strategic importance. Uncertainty in demand growth/ fuel supplies and high impact low probability events in the system further necessitate creation o

  35. Slide 35: Towards New Business Opportunities

    POWER GRID CORPORATION OF INDIA LIMITED Towards New Business Opportunities POWERGRID – One Nation, One Grid

  36. Slide 36: Smart Grid/ City

    Smart Grid/ City Smart Grid/ City Pre-Feasibility Studies • Firozabad (UP) PUDUCHERRY • MoU signed with Electricity Dept, • Katra (J&K) Govt. of Puducherry • Chitradurga (Karnataka) • District/cities of Tripura • 56 organizations joined hands Chhatisgarh, Haryana, Punjab for implementation POWERGRID

  37. Slide 37: Grid Integration of Renewable Energy

    Grid Integration of Renewable Energy RENEWABLE GENERATION (XII PLAN) Planning of intra-State/inter-State Transmission requirements Provide Mechanism to address Wind/Solar generation uncertainty • Forecasting of generation • Provision of flexible generations, reserves • Demand side Management Transmi

  38. Slide 38: Business Opportunities

    Business Opportunities Backward Integration Joint venture companies contemplated for manufacturing of material and equipment JVs with States for intra-State Transmission Discussions under way with • Bihar, Odisha, Jharkhand, Chhatisgarh, Manipur, UP, MP, Tamil Nadu, Karantaka R&M of T&D activities o

  39. Slide 39: XII Plan

    POWER GRID CORPORATION OF INDIA LIMITED XII Plan POWERGRID – One Nation, One Grid

  40. Slide 40: Power Sector Overview – XII & XIII Plans

    Power Sector Overview – XII & XIII Plans XII Plan XIII Plan Peak Capacity Capacity Peak Capacity Capacity Demand Addition Addition RE Demand Addition Addition RE 198GW 76 GW 30 GW 283GW 79 GW 31 GW Transmission Transmission Fund Reqt. Fund Reqt. ₹ 180,000 crore ckm MVA ₹ 230,000 crore ckm MVA additi

  41. Slide 41: Investment Programme

    Investment Programme (₹ in crore) Projects/ Schemes Capital Outlay Capital Outlay Central Sector 22,500 Generation UMPP 14,000 IPP 52,000 Grid Strengthening 11,500 Total 100,000 Investment Approved - ₹ 76,000 crore Contracts Approved - ₹ 67,000 crore Additional Projects 1. Tariff Based Competitive B

  42. Slide 42: Funding Requirement

    Funding Requirement Investment planned in Debt-Equity ratio of 70:30 Equity Debt ₹ 14,000 crore tied up • The World Bank ₹ 30,000 crore • ADB • Supplier’s Credit • ECB Internal Accruals + ₹ 4,000 crore tied up through Line of Credit FPO proceeds from SBI ₹ 52,000 crore to be raised •As per Annual In

  43. Slide 43: FY13: Project Execution

    FY13: Project Execution Central Sector IPP UMPP Expected Generation for FY13 • 6200 MW • 3800 MW • 1600 MW Will meet evacuation requirements Transmission System in advance stage Assets Commissioned(₹ in crore) Trans. FY10-11 FY11-12 FY12-13 Lines over 11,000 ckm Q1 1,156 802 > 2500 (by end May-12) Q

  44. Slide 44: Thank You

    POWER GRID CORPORATION OF INDIA LIMITED Thank You POWERGRID – One Nation, One Grid

Power Grid Corporation of India — FY2012 Earnings Presentation on 6ix