Powergrid Infrastructure Invesment Trust · NSE:PGINVIT
Powergrid Infrastructure Invesment Trust — POWERGRID Infrastructure Investment Trust — Q1 FY2025 Earnings Presentation
14 slides from Powergrid Infrastructure Invesment Trust's earnings presentation, August 2024
Slide 1: POWERGRID Infrastructure Investment Trust Investor Presentation Q1FY2025
POWERGRID POWERGRID Infrastructure Infrastructure Investment Investment Trust Trust Investor Presentation Q1FY 2025
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: Presentation Outline
Presentation Outline Trust Structure PGInvIT Overview PGInvIT at a glance Operational PGInvIT Performance Financial Distribution Project Updates Business Outlook Glossary India’s First InvIT Sponsored by a Maharatna CPSE 3
Slide 4: PGInvIT Structure
PGInvIT Structure (as on June 30, 2024) Major Unitholders FPI- 21.14% IC- 6.29% PF- 7.40% MF- 4.17% Individuals- 31.89% Others- 14.11% Notes: 2. Holds 136.5 mn units 1. Balance 26% stake eligible for acquisition, after expiry of the lock-in conditions under the TSA. i.e. FPI-Foreign Portfolio Invest
Slide 5: PGInvIT at a glance
PGInvIT at a glance India’s 1st InvIT sponsored by a CPSE…. confidence of marquee investors…. ....powered by AAA – Assets….Assurance….Advantage Sponsor & Project Manager- POWERGRID 5 Operational and Revenue Perpetual ownership with Billing and Collection a Maharatna CPSE; one of Availability-based T
Slide 6: PGInvIT - Initial Portfolio Assets
PGInvIT- Initial Portfolio Assets Description VTL PKATL PPTL PWTL PJTL Andhra Pradesh Madhya Pradesh Location Himachal Pradesh Maharashtra Madhya Pradesh and Telangana and Maharashtra No. of lines & substations 2 lines 1 line; 1 S/S 3 lines; 1 S/S 4 lines; 1 S/S 1 line Line length (ckm) 956.84 2.47
Slide 7: Operational Performance - Q1FY25
Operational Performance –Q1FY25 Surpassing Availability Goals with POWERGRID’s O&M Management for PGInvIT POWERGRID’s in-house capabilities help PGInvIT in … Avg. Availability* - Q1FY25 preventive maintenance 2.00% 1.98% 1.99% 1.99% 1.63% facilitating OEM support 98.00% 98.00% 98.00% 98.00% 98.00% s
Slide 8: Financial Performance - Q1FY25
Financial Performance – Q1FY25 Financials providing consistent, stable, visible returns for unitholders Financials (Consolidated) NDCF at SPVs NDCF NDCFNDCF atat at PGInvIT PGInvIT PGInvIT ( Q1FY2025 (Q1FY25) ) (₹ in mn) VTL Total Income 491.51 PKATL 81.47 • ₹ 3,266.80 Mn PPTL 796.72 >90% Operating
Slide 9: Debt Profile
Debt Profile External Debt Bank Loan Rate of Tenor Loan More than 76% Debt (Drawn in Mar-22) Interest 16 years Outstanding repayment post 10 (as on June 30, 2024) Linked to 3- ~Rs.5,756 mn month T-bill; years ~Rs. 5,691 mn Reset on quarterly basis Interest Rate as on 30.06.2024 : 8.09% India’s First
Slide 10: Distribution
Distribution 4.50 Total Distribution since IPO ₹ 37.50 per unit # ₹ 3.00 Distributions (₹ per unit) Repayment of Treasury per unit 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 SPV Debt (Exempt) (10.6%) (0.3%) Div. • ₹ 1.99 - Interest (Exempt) (8.1%) • ₹ 0.31 - Dividend (Taxable) Interest D
Slide 11: RTM Project Updates
RTM Project Updates 1 X 125 MVAr, 420 kV Bus Reactor at 1 x 400 kV line bay at 765/400 kV Parli Kala Amb Substation along with 2 Nos. Substation for RE Interconnection associated bays • Allotted to POWERGRID Parli • Project allotted to PKATL under RTM Transmission Limited on 02.01.2024 • License fro
Slide 12: Business Outlook
Business Outlook Balance 26 % of PKATL, PPTL, PJTL & PWTL Acquisition • Matter taken up with Sponsor Opportunities Other Acquisition opportunities Targeted through debt ❑Asset Sale by Other Developers Valuation by Independent • Limited Acquisition opportunities at present, sector to see more assets
Slide 13: Glossary
Glossary Term Description AUM Assets Under Management ckm circuit kilometres CPSE Central Public Sector Enterprise CTUIL Central Transmission Utility of India Ltd DOCO Date of Commercial Operation Q1FY25/Q1FY2025 Quarter ended June 30, 2024 PGInvIT POWERGRID Infrastructure Investment Trust IM Invest
Slide 14: Thank you
Thank you www.pginvit.in
POWERGRID Infrastructure Investment Trust — Q1 FY2025 Earnings Presentation on 6ix