Orient Green Power Company Ltd · NSE:GREENPOWER
Orient Green Power — H1 FY2014 Earnings Presentation
17 slides from Orient Green Power's earnings presentation, November 2013
Slide 1: Orient Green Power Investor Presentation: Q2 and H1 FY14 Results
ORIENT GREEN POWER Leading Diversified Renewable Energy Generator Investor Presentation Q2 and H1 FY14 Results Biomass Wind
Slide 2: Disclaimer
Disclaimer This presentation is strictly confidential and may not be copied, published, distributed or transmitted. The information in this presentation is being provided by the company. This presentation has been prepared for information purpose and is not an offer or invitation to buy or sell any
Slide 3: Performance Highlights: Wind Business
Performance Highlights WIND BUSINESS 54.0 Mw was added during the quarter and aggregate of 73.0 Mw were added up to Q2 FY14; taking the total operating wind assets capacity to 413 Mw as of October 31, 2013 Due to improved hydel generation and purchase of power from outside Tamil Nadu, the quarte
Slide 4: Performance Highlights: Biomass Business
Performance Highlights BIOMASS BUSINESS • Poor off take by TN consumers due to lifting of R&C measures in Q2 FY14 led to shutdown of three T.N. plants for part of the quarter • One unit in Rajasthan which faced fuel issues earlier has turned around with continued improvement in performance in Q2 • C
Slide 5: Financial Highlights – Q2 and H1 FY14
Financial Highlights – Q2 and H1 FY14 ` Million Q2 FY14 Q2 FY13 H1 FY14 H1 FY13 FY12-13 Sale of Power 996.54 1,316.27 2,084.36 2,479.07 3,682.93 Other Operating Income 122.59 199.30 297.99 388.83 671.57 Total Income 1,119.13 1,515.57 2,382.34 2,867.91 4,354.50 Expenditure Cost of biomass fuel 110.13
Slide 6: Balance sheet as at September 30, 2013
Balance sheet as at September 30, 2013 ` Million As at 30 Sep 13 As at 31 Mar 13 (Unaudited) (Audited) EQUITY AND LIABILITIES Shareholders’ funds (a) Share capital 5,680.78 4,680.78 (b) Reserves and surplus 6,463.57 6,208.39 Sub-Total Shareholders Funds 12,144.35 10,889.17 Share Application Money Pe
Slide 7: Balance sheet as at September 30, 2013 (contd.)
Balance sheet as at September 30, 2013 (contd.) As at 30 Sep 13 As at 31 Mar 13 ASSETS (Unaudited) (Audited) Non-current assets (a) Fixed assets 29,769.42 29,575.51 (b) Goodwill on Consolidation 543.26 511.85 (c) Non-current Investments 0.13 0.13 (d) Long-term loans and advances 2,858.39 2,560.86 (e
Slide 8: Renewable Energy Certificate
Renewable Energy Certificate • Supply of RECs continued to be more than demand in the market so far in FY13-14 due to poor enforcement of RPO by all States, leading to RECs being sold at floor price during the quarter • Trading has now picked up with July 2013 recording the highest sale in a single
Slide 9: OGPL - REC Trading Receipts upto Oct 2013
OGPL - REC Trading Receipts upto Oct 2013 REC Trade Results - Consolidated (IEX + PXIL) Market Clearing REC traded from Market Share of REC Revenue Average Price Month Volume - Non OGPL Projects OGPL (%) (`Lacs) (`/ REC) Solar Jan – 12 171,524 6,768 3.95% 206 3,051 Feb – 12 206,188 18,694 9.07% 573
Slide 10: Operating Metrics – Q2 and H1 FY14
Operating Metrics – Q2 and H1 FY14 Unit of Wind units Q2 FY14 Q2 FY13 H1 FY14 H1 FY13 Measurement Capacity Mw 401.51 337.41 401.51 337.41 Units Generated Mn KwH 184.69 234.00 360.71 393.88 PLF % 22.06 32.29 22.91 29.00 Average Realisation `/ Unit 5.03 4.55 4.99 4.47 The drop in PLF for the quarter a
Slide 11: Key data – Bio-mass power plants
Key data – Bio-mass power plants Capacity Customer Name Location Fuel Blended Tariff (Mw) details Q2 FY14 Q1 FY14 Q4 FY13 Q3 FY13 Q2 FY13 Co-generation Kopargaon 2.0 Maharashtra Captive 3.50 3.50 3.50 3.50 3.50 biogas Plywood wastes, julieflora, corn Dindigul 7.5 Tamil Nadu Merchant 6.53 6.75 7.00 6
Slide 12: Capacity Addition Plans (in Mw)
CAPACITY ADDITION PLANS (in Mw) 2013-14 Planned before 2010-11 2011-12 2012-13 BUSINESS (till October 30, 2013) season of 2014 179.5 317.1 339.0 WIND 413.3 494.6 40.5 60.5 60.5 BIOMASS 68.5 106.0 220.0 377.6 399.5 TOTAL 481.8 600.6 11
Slide 13: Geographic Capacity Expansion
Geographic Capacity Expansion Wind Capacity States Remarks (Mw) Tamil Nadu 12.80 Commissioned in July / August 2013 43.20 Mw commissioned in August 2013 and 43.20 Andhra Pradesh balance 41.20 Mw planned before the season of 41.20 2014 12.60 Mw has been commissioned in May 2013 12.60 12.60 Mw to be c
Slide 14: Regulatory Impact and other challenges
Regulatory Impact and other challenges • Petition filed before TNERC on grid back down issue in Tamil Nadu last year is yet to be disposed • Petition has been filed in Q2 FY14 before the High Court of Madras by Indian Wind Power Association (IWPA) seeking relief on exemption from grid back down for
Slide 15: Key mitigants and initiatives: Wind Business
Key mitigants and initiatives that would positively impact performance in coming quarters / years Wind Business • Grid infrastructure is expected to improve significantly in Tamil Nadu over the next 2 years which would lead to improved PLFs from 2015-16 onwards. Kayathar line expected to be commissi
Slide 16: Key mitigants and initiatives: Biomass Business
Key mitigants and initiatives that would positively impact performance in coming years Biomass Business • Actively pursuing regulatory agencies in Rajasthan and elsewhere for annual tariff fixation based on fuel price • Group Captive model for optimizing and getting sustained sales realization in So
Slide 17: Thank You
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