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
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
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
Slide 3: POWERGRID Today
POWER GRID CORPORATION OF INDIA LIMITED POWERGRID Today POWERGRID – One Nation, One Grid
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
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
Slide 6: Ownership Structure
POWER GRID CORPORATION OF INDIA LIMITED Ownership Structure POWERGRID – One Nation, One Grid
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
Slide 8: Power Sector Overview
POWER GRID CORPORATION OF INDIA LIMITED Power Sector Overview POWERGRID – One Nation, One Grid
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
Slide 10: POWERGRID: XI Plan Highlights
POWER GRID CORPORATION OF INDIA LIMITED POWERGRID: XI Plan Highlights POWERGRID – One Nation, One Grid
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
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
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
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
Slide 15: Highlights - FY12
POWER GRID CORPORATION OF INDIA LIMITED Highlights- FY 12 POWERGRID – One Nation, One Grid
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
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
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
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
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
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
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
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
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
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
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
Slide 27: Financial Highlights FY 2011-12
POWER GRID CORPORATION OF INDIA LIMITED FINANCIAL HIGHLIGHTS FY 2011-12 POWERGRID – One Nation, One Grid
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
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
Slide 30: Revenue Collection Efficiency
POWER GRID CORPORATION OF INDIA LIMITED Revenue Collection Efficiency POWERGRID – One Nation, One Grid
Slide 31: Revenue Realization
Revenue Realization Monthly Billing vs Realization POWERGRID – One Nation, One Grid
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
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
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
Slide 35: Towards New Business Opportunities
POWER GRID CORPORATION OF INDIA LIMITED Towards New Business Opportunities POWERGRID – One Nation, One Grid
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
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
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
Slide 39: XII Plan
POWER GRID CORPORATION OF INDIA LIMITED XII Plan POWERGRID – One Nation, One Grid
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
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
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
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
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