Jsw Energy Limited · NSE:JSWENERGY
Jsw Energy — Q2 FY2021 Earnings Presentation
28 slides from Jsw Energy's earnings presentation, Nov 3, 2020
Slide 1: Q2FY21 Results Presentation
JSW Energy Limited JSW Steel Limited Q2FY21 Results Presentation November 3, 2020 Investor presentation August, 2020
Slide 2: Key Highlights for Q2FY21 (1/2)
Key Highlights for Q2FY21 (1/2) • The Company’s overall Long Term (LT) Net Generation increased by 10% YoY; LT Net Thermal Generation increased by 20% YoY Operational • Overall Thermal PLF for capacity under LT PPA increased to 78% from 65% YoY; PLFs for capacity under LT PPA improved across all the
Slide 3: Key Highlights for Q2FY21 (2/2)
Key Highlights for Q2FY21 (2/2) • The Company committed to a long-term target to reach net-zero emissions by not later than 2050, backed by science-based targets, under SBTi1 • A Sustainability Committee of the Board of Directors has been constituted to review progress of the Company’s ESG business
Slide 4: Agenda
Agenda Business Environment Operational and Financial ESG Focus Performance 4
Slide 5: Indian Economy
Indian Economy • With unlocking of restrictions across India, economy has been Index of Industrial Production (IIP) recovering, from the sharp contraction witnessed in real GDP 20.0 in first quarter, as high-frequency indicators show improvement 0.0 Aug/19 Nov/19 Feb/20 May/20 Aug-20 • Contraction i
Slide 6: Power Demand
Power Demand Power Demand Growth YoY • Post witnessing double digit YoY de-growth in April’20, May’20 and June’20, demand decline moderated in July’20 and August’20 to -4.2% and +12.0% +10.1% -2.4% YoY respectively +4.0% • In the month of September’20, demand grew by +2.0% -2.4% 4% YoY indicating a
Slide 7: Power Generation
Power Generation Power Generation Growth YoY Segment-wise Share in Generation +10.8% 3.5% 3.3% 3.1% 3.8% 3.8% 4.3% +12.0% 6.6% 7.8% 9.2% 10.0% 10.6% 11.5% +4.0% 9.9% 9.6% 9.8% 11.2% 13.0% +2.0% -1.8% 14.3% -2.5% -10.0% -8.0% -15.0% -18.0% -23.0% 80.1% 79.3% 77.9% 75.1% 72.5% 69.9% -28.0% Apr May Jun
Slide 8: Installed Capacity Overview (1/2)
Installed Capacity Overview (1/2) Sector-wise Installed Capacity Segment-wise Installed Capacity (As on September 30, 2020) (As on September 30, 2020) Total: 89.2 GW # Total: 93.9 GW # Central, State, Total: 103.6 GW # +1560 MW * RES, 25.2% 27.8% 23.9% +450 MW * -11 MW * Hydro, Total: 231.3 GW # Tot
Slide 9: Installed Capacity Overview (2/2)
Installed Capacity Overview (2/2) Overall Segment-wise Net Capacity Addition (GW) RES Segment-wise Net Capacity Addition (GW) 21.7 11.8 11.3 1.0 0.3 0.6 1.7 17.2 1.8 9.4 0.8 8.6 14.0 0.9 5.5 0.5 12.1 0.3 2.1 11.3 1.6 0.1 11.8 9.4 9.4 8.6 6.5 6.4 2.2 2.9 5.5 7.7 4.6 0.3 4.3 0.4 3.4 2.2 0.7 1.4 FY17 F
Slide 10: Other Power Sector Highlights
Other Power Sector Highlights • Measures taken by Govt. of India to provide liquidity to Distribution Companies (Discoms) to mitigate financial stress caused by Covid-19 pandemic: • Liquidity Infusion Scheme under ‘Aatmanirbhar Bharat Abhiyaan’ for Discoms • Liquidity package increased to `1.2 lakh
Slide 11: Agenda
Agenda Business Environment Operational and Financial ESG Focus Performance 11
Slide 12: Operational Performance – Net Generation
Operational Performance – Net Generation Net Generation Location Capacity Q2FY21 Q2FY20 Change YoY H1FY21 H1FY20 Change YoY % MUs MUs % MUs MUs % Vijayanagar (860 MW) LT 34% 497 484 +3% 862 961 -10% Total 100% 559 701 -20% 964 1,362 -29% Ratnagiri (1,200 MW) LT 77% 1,387 1,241 +12% 2,689 2,660 +1% T
Slide 13: Operational Performance – PLF
Operational Performance – PLF PLF Location Capacity Q2FY21 Q2FY20 H1FY21 H1FY20 Remarks – Q2 FY21 % % % % % Vijayanagar (860 MW) LT 34% 84 (*84) 81 (*81) 73 (*73) 81 (*81) Higher offtake by long term customers Total 100% 32 (*32) 40 (*40) 28 (*28) 39 (*39) Lower short term sales Ratnagiri (1,200 MW)
Slide 14: Consolidated Financial Results
Consolidated Financial Results Q2 FY21 Q2 FY20 Particulars in ` Crore H1 FY21 H1 FY20 2,0001 2,232 Total Revenue 3,8861 4,696 985 1,048 EBITDA 1,812 1,909 49% 47% EBITDA Margin(%) 47% 41% 207 272 Interest 448 542 292 294 Depreciation 581 586 486 482 Profit Before Tax 783 782 352 353 Profit After Tax
Slide 15: Entity-wise Financial Results
Entity-wise Financial Results Entity-wise Revenue from Operations Particulars in ` Crore Q2 FY21 Q2 FY20 H1 FY21 H1 FY20 Standalone 6721 1,064 1,4761 2,206 JSW Energy (Barmer) 709 523 1,358 1,371 JSW Hydro Energy 539 516 873 904 JPTL 18 19 35 39 Consolidated* 1,939 2,119 3,744 4,531 Entity-wise EBIT
Slide 16: EBITDA Movement - Consolidated
EBITDA Movement - Consolidated Particulars in ` Crore Resilience in profitability amidst challenging business environment 16
Slide 17: Robust Balance Sheet
Robust Balance Sheet Net Debt* (` Crore) Net Worth (` Crore) 12,467 13,037 11,928 11,756 11,646 12,202 10,221 9,702 9,530 8,945 8,493 7,671 Jun/19 Sep/19 Dec/19 Mar/20 Jun/20 Sep/20 Jun-19 Sep-19 # Dec-19 Mar-20 # Jun-20 Sep-20 Leverage Ratios Wt. Average Cost of Debt Net Debt*/Equity Net Debt*/TTM
Slide 18: Net Debt Movement - Consolidated
Net Debt Movement - Consolidated Particulars in ` Crore Net Debt* reduced by ~`1,274 Crore in H1FY21 Large balance sheet headroom available to embark on growth projects * Excluding short term working capital debt/acceptances 18
Slide 19: Trade Receivables
Trade Receivables Consolidated Trade Receivables* (` Crore) • Receivables lower on YoY basis amidst challenging business environment and 2,244 Covid-19 situation 2,183 2,103 • No history of any bad debts from routine long term trade receivables • Payment security mechanism in force for power tied un
Slide 20: Growth Vision and Strategy
Growth Vision and Strategy JSW Energy aims to become a significant RE player Progress Update on RE Identifying and securing sites, Right-Of-Way and 10.0 GW connectivity approvals Mapping and identifying potential OEMs to partner 2.2x on the equipment side Hydro & RES, 60-70% Building organizat
Slide 21: Update on Growth Projects
Update on Growth Projects JSW Solar Ltd (100% subsidiary of the Company) received Letter of Awards for setting up a total Blended wind capacity of 810 MW from Solar Energy Corporation Limited (SECI) SECI-IX 810 MW Total Project Outlay: ~`4,700-4,800 Crore (~Debt:Equity :: 70:30) Construction p
Slide 22: Agenda
Agenda Business Environment Operational and Financial ESG Focus Performance 22
Slide 23: Sustainability Targets – Our Ten Commitments
Sustainability Targets – Our Ten Commitments Focus Areas Make our operations Carbon Neutral by 2050 Climate Change Reduce our energy Enhance the Reduce our carbon intensity and renewable power to emissions by more auxiliary power 2/3rd of our Total than 50% consumption by Water Installed Capacity mo
Slide 24: Health & Safety Excellence Journey
Health & Safety Excellence Journey Zero Severe/Major Injuries REPORTED AT OUR SITES Zero Lost Time Injuries (LTIs) REPORTED AT OUR SITES 50,000+ Safety Observations INFLUENCING POSITIVE SAFETY BEHAVIOR OF OUR WORKFORCE 3,200+ Safety Training Units 5 SAFETY E-LEARNING MODULES LAUNCHED COVERING HIGH R
Slide 25: Committed to Responsible Stewardship through Sustainability
Committed to Responsible Stewardship through Sustainability 3.25x 14.41% rise NET SOLAR POWER GENERATION IN NET HYDRO POWER GENERATION 7.17% 26.72% REDUCTION IN DIRECT EMISSIONS REDUCTION IN TOTAL WATER CONSUMED 100% Zero Effluent Discharge AT ALL OUR SITES FLY ASH UTILISATION 5.17 training man-days
Slide 26: Key ESG Updates
Key ESG Updates • Aspiring to become a leading Renewable Energy Company : Adopted Carbon Neutrality and Sustainability Targets & Policies • A Sustainability Committee of the Board of Directors has been constituted to review progress of the Company’s Governance business responsibility and sustainabil
Slide 27: Forward Looking and Cautionary Statement
Forward Looking and Cautionary Statement This presentation has been prepared by JSW Energy Limited (the “Company”) based upon information available in the public domain solely for information purposes without regard to any specific objectives, financial situations or informational needs of any parti
Slide 28: Thank You
Thank You JSW Steel Limited Investor presentation • August, 2020