Torrent Power Limited · NSE:TORNTPOWER
Torrent Power — Q4 FY2021-22 Earnings Presentation
29 slides from Torrent Power's earnings presentation, May 10, 2022
Slide 1: Cover letter to stock exchanges
m ;orrenr w POWER May 10, 2022 To, To, Corporate Relationship Department Listing Department, BSE Limited National Stock Exchange of India Limited 14th Floor, P. J. Towers, "Exchange Plaza", C -1, Block G Dalal Street, Fort, Sandra- Kurla Complex, Sandra (East), Mumbai-400 001 Mumbai 400 051 SCRIP CO
Slide 2: Torrent Power Limited Investor Presentation Q4 FY 2021-22
Torrent Power Limited Investor Presentation Q4 FY 2021-22
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 TORRENT GROUP TORRENT POWER LIMITED OVERVIEW OF OPERATIONS FY22 ESG PRACTICES INVESTMENT RATIONALE FIVE YEAR TREND: KEY FINANCIAL & TECHNICAL STATISTICS
Slide 5: Torrent Group
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 LIMITED
Slide 6: Torrent Group
TORRENT GROUP Turnover $ 2.94 Bn Market Cap $ 9.36 Bn Enterprise Value $ 10.80 Bn Employees 22,200+ Spreading smiles Illuminating Lives Not just healthcare… Lifecare Generating Trust. Distributing Opportunities. Turnover: $ 1.09 Bn Turnover: $ 1.88 Bn Building pan-India state-of-art Enterprise Value
Slide 7: Torrent Power Limited
TORRENT POWER LIMITED Spreading smiles Illuminating Lives Thermal Solar Wind Transmission Distribution - 2,730 MW - 213 MW oper- - 805 MW oper- - 355 kms 400 kV - Licensed: state-of-art gas ational capacity ational - 430 capacity MW of & 128 Kms of - Ahmedabad/ Licensed - 138 MW of based power over
Slide 8: Geographical Footprint
TORRENT POWER LIMITED GEOGRAPHICAL FOOTPRINT
Slide 9: Portfolio of Assets: Thermal Generation
TORRENT POWER LIMITED PORTFOLIO OF ASSETS : THERMAL GENERATION Particulars Sugen Unosugen Dgen Amgen Capacity 1147.5 382.5 1200 362 (MW) (3 x 382.5) (1 x 382.5) (3 x 400) (1 x 120, 2 x 121) Plant Type Gas-based CCPP Gas-based CCPP Gas-based CCPP Coal Based Location Near Surat, Gujarat Near Surat, Gu
Slide 10: Portfolio of Assets: Renewable Generation
TORRENT POWER LIMITED PORTFOLIO OF ASSETS : RENEWABLE GENERATION Particulars Solar (FiT) Wind (FiT) Wind (TBCB) Capacity (MW) 213 628.5 176 Gujarat, Karnataka, Rajasthan & Location Gujarat & Maharashtra Gujarat & Maharashtra Madhya Pradesh COD FY 15 to FY16 FY 12 to FY 19 FY 20 Avg Tariff (₹/kWh) 7.
Slide 11: Portfolio of Assets: Licensed Distribution
TORRENT POWER LIMITED 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(FY22) 1,646 MW 689 MW 93 MW - License validity Till 2025 Till 2028 Till 2034 Till 2044 Accolade
Slide 12: Portfolio of Assets: Franchised Distribution
TORRENT POWER LIMITED PORTFOLIO OF ASSETS : FRANCHISED DISTRIBUTION Particulars Bhiwandi Agra Shil, Mumbra, Kalwa (SMK) Licensed Area ~ 721 sq. km. ~ 221 sq. km. ~65 sq. Km. Peak Demand 566 MVA 472 MVA 132 MVA (FY22) License validity 25th Jan 2027 31st March 2030 29th Feb 2040 Accolades / Country'
Slide 13: Overview of Operations – Q4/FY 2021-22
OVERVIEW OF OPERATIONS – Q4/FY 2021-22 Consolidated Financial Statement Q4 21-22 Q4 20-21 Growth % FY 20-22 FY 20-21 Growth % (₹ in Cr.) Revenue from Operations 3,744 3,084 21% 14,257 12,173 17% Power Purchase Cost 2,241 1,752 8,520 6,969 Material Cost & Change in Inventory 166 77 557 161 Contributi
Slide 14: Overview of Operations – FY 2021-22
OVERVIEW OF OPERATIONS – FY 2021-22 EBIDTA for FY22 is higher at ₹ 3,826 Cr as compared to ₹ 3,607 Cr for FY21. However, Total Comprehensive Income (TCI) for FY22 is lower due to DGEN impairment charge of ₹ 928 Crs (net of deferred tax reversal) during the year. Adjusted for net DGEN Impairment char
Slide 15: Overview of Operations – Thermal PLF and Generation
OVERVIEW OF OPERATIONS – FY 22 Q4 Thermal PLF(%)/ Net Generation(MUs) 79.2% 67.6% 66.4% 49.6% 34.5% 30.3% 570 474 20.0% MUs MUs 16.6% 1197 MUs 1740 2214 483 MUs 8.3% MUs 1053 MUs 0.0% 0.0% 0.0% 483 MUs MUs SUGEN UNOSUGEN DGEN GAS PLANTS AMGEN THERMAL 1147.5 MW 382.5 MW 1200 MW 2730 MW 362 MW 3092 MW
Slide 16: Overview of Operations – Renewable PLF and Dispatch
OVERVIEW OF OPERATIONS – FY 22 Q4 Renewable PLF (%)/ MUs FY Renewable PLF (%)/ MUs Dispatched Dispatched 20.8% 27.1% 25.0% 20.3% 17.6% 16.8% 19.5% 19.3% 1433 1528 314 295 MUs MUs 213 202 MUs MUs MUs MUs 264 58 58 MUs MUs MUs 649 MW 138 MW 649 MW 138 MW WIND SOLAR WIND SOLAR Q4 2020-21 Q4 2021-22 FY
Slide 17: Overview of Operations – USO/Purchase
OVERVIEW OF OPERATIONS – FY 22 Q4 USO/Purchase (MUs) 1,721 1,719 850 850 938 913 370 390 A'bad Surat Bhiwandi Agra Q4 2020-21 Q4 2021-22 FY USO/Purchase (MUs) 7,393 8,018 3,454 2,714 2,944 3,502 1,914 2,030 A'bad Surat Bhiwandi Agra FY 2020-21 FY 2021-22
Slide 18: Environmental, Health & Safety Practices
ENVIRONMENTAL, HEALTH & SAFETY PRACTICES Company recognizes the value of the environment to the community and future generations and is committed to manage its businesses as a responsible Corporate Citizen. • 100% utilization of Fly Ash • Use of recycled papers for energy bills & • DAHEJ Distributio
Slide 19: Environmental, Health & Safety Practices
ENVIRONMENTAL, HEALTH & SAFETY PRACTICES Existing gas based plants well below baseline GHG Emissions. GAS PLANTS - GHG Emissions (tCO2/MWh) Baseline (CEA) TPL 0.45 0.36 0.36 0.36 0.36 FY18 FY19 FY20 FY21 Air emissions of gas-based generation Water consumption of thermal plants generation plants belo
Slide 20: Environmental, Health & Safety Practices
ENVIRONMENTAL, HEALTH & SAFETY PRACTICES Net Carbon emission (million MT) 3.50 3.16 3.22 3.00 2.50 2.32 2.23 2.00 1.72 1.72 1.51 1.50 1.25 1.44 1.51 1.00 0.98 0.50 0.81 0.00 FY18 FY19 FY20 FY21 Emission - Gas Savings - Renewable Net Emissions WAY FORWARD Incremental capacities to come from renewable
Slide 21: Social Practices: Thrust Areas for CSR Activities
SOCIAL PRACTICES: THRUST AREAS FOR CSR ACTIVITIES Healthcare Sanitation Education & Social Care & Concern & Hygiene Knowledge • REaCh (₹ 33 crs) - Pediatric Healthcare • SHIKSHA SETU (₹ 0.37 cr) : Education • Development & Maintenance of Public programme (since 2016) is divided into programme in rur
Slide 22: Social Practices: Company Employees
SOCIAL PRACTICES: COMPANY EMPLOYEES Company belief: Each milestone achieved is an outcome of efforts, dedication & conviction demonstrated by its employees 7,800+ Permanent / 670 Women Company Policies to promote Human Rights: Employees & 25 8,900+ contractual • Policy on Protection of Women against
Slide 23: Governance Practices
GOVERNANCE PRACTICES Companies Corporate Governance philosophy revolves around three core principles of TRANSPARENCY, INTEGRITY and ACCOUNTABILITY in organising/managing aspects of its activities >75% NED’s on board COMMITTEES IN PLACE (CHAIRED BY ID’S): • Audit Committee (100% ID’s) • Stakeholders’
Slide 24: Investment Rationale
INVESTMENT RATIONALE • State of the art gas • Huge growth • Need for a robust • Opportunities for based plants potential in grid to support private sector renewables; returns increase in considering the • Direct import of LNG above COE for renewables capacity endemic at efficient cost selected proje
Slide 25: Investment Rationale
INVESTMENT RATIONALE Excellent Regulated operational Promising businesses records growth ensuring opportunities stable returns Unmatched Strong project distribution management model skills World class Rational generation Value allocation of assets Creation capital
Slide 26: 5 Year Trend - Financial Statistics
5 YEAR TREND - FINANCIAL STATISTICS Revenues from Operations (₹ Crore) EBIDTA (₹ Crore)/EBIDTA Margin (%) 13641 14257 13151 11512 12173 3826 3734 3607 3381 3389 30% 29% 27% 27% 26% 2017-18 2018-19 2019-20 2020-21 2022-22 2017-18 2018-19 2019-20 2020-21 2021-22 TCI* (₹ Crore) Net Worth (₹ Crore) 1072
Slide 27: 5 Year Trend - Financial Statistics
5 YEAR TREND - FINANCIAL STATISTICS Net Debt / EBITDA Net Debt Equity Ratio 2.61 0.89 2.49 0.80 0.80 0.80 2.18 2.24 1.98 0.64 17-18 18-19 19-20 20-21 21-22 17-18 18-19 19-20 20-21 21-22 Return on Capital Employed Return on Networth 14.22% 12.62% 12.42% 10.01% 10.31% 11.05% 9.62% 9.32% 9.54% 8.23% 17
Slide 28: 5 Year Trend - Technical Statistics
5 YEAR TREND - FINANCIAL STATISTICS THERMAL PLF (%) T&D loss (%) Licensed Distribution 87.8% 6.31% 6.03% 71.4% 72.9% 5.61% 76.9% 4.98% 65.3% 60.1% 57.8% 59.9% 4.06% 4.17% 62.3% 44.3% 3.59% 3.43% 3.43% 59.9% 44.3% 3.38% 33.3% 41.1% 33.4% 40.7% 38.4% 9.8% 30.6% 0.0% 0.0% 6.5% 0.40% 0.35% 0.31% 0.49% 0
Slide 29: Thank You
THANK YOU Contact details: Rishi Shah Torrent Power Limited “Samanvay”, 600 Tapovan, Ambawadi, Ahmedabad 380015 Ph. No. (079) 26628473 Email: IR@torrentpower.com