Jaiprakash Power Ventures Limited · NSE:JPPOWER
Jaiprakash Power Ventures — Investor Presentation (June 2012)
25 slides from Jaiprakash Power Ventures's investor presentation, June 2012
Slide 1: Jaiprakash Power Ventures Limited Investor Presentation
CONFIDENTIAL Jaiprakash p Power Ventures Limited Investor Presentation JUNE 2012 1
Slide 2: Disclaimer
CONFIDENTIAL Disclaimer This presentation is strictly confidential and may not be copied, published, distributed or transmitted in whole or in part, by any medium or in any form for any purpose. The information in this presentation is being provided by the Jaiprakash Power Ventures Limited (the “Com
Slide 3: Overview of Jaypee Group
CONFIDENTIAL Overview of Jaypee Group 3
Slide 4: Corporate Structure
Corporate Structure Jaiprakash p Associates Limited (JAL) ( ) E&C Cement – 31.6 MTPA Listed company Real Estate & Hospitality BOO Power Cement Infrastructure 67.9% Jaiprakash Power Ventures Ltd (JPVL) Jaypee Infratech Limited 300 MW Baspa – II HEP # Cement JVs (JIL) 400 MW Vishnuprayag HEP # (4.3 MT
Slide 5: Demonstrated Execution Capability of JAL – Completed HEPs
CONFIDENTIAL Demonstrated Execution Capability of JAL – Completed p HEPs Generating g 9840 MW between 2002-2011 JAL is the leader in the construction of multi-purpose river valley and hydropower projects and has been involved in construction of major engineering projects over the last 4 decades Bagh
Slide 6: JPVL's Business Overview
CONFIDENTIAL JPVL’s JPVL s Business Overview 6
Slide 7: Jaiprakash Power Ventures - USPs
CONFIDENTIAL Jaiprakash Power Ventures - USPs 9 Strong Parentage: JAL’s expertise in Infrastructure projects and project execution capabilities 9 Only private player to operate 1.7GW of Hydro: No fuel risk 9 Fuel Diversification: Thermal / Hydro Mix of 60 : 40 – Fuel cost pass thru in all coal fired
Slide 8: Power Business at a Glance
CONFIDENTIAL Power Business at a Glance Merchant Capacity Regulated VERs/ S.N. Project Fuel Power COD (MW) Tariff (MW) CERs (MW) 1. Baspa-II# Hydro 300 300 - 1.00 Mn VERs 2003 2. Vishnuprayag# Hydro 400 400 - 1.32 Mn.VERs 2006 3. Karcham Wangtoo# Hydro 1,000 - 1000 3.35 Mn. CERs* 2011 4. Bina Power
Slide 9: Power Capacity in Operation/Under Advanced Stages of Implementation
CONFIDENTIAL Power Capacity in Operation/ Under Advanced Stages of Implementation p Capacity Financial S.N. Project Location Fuel Equipment Supplier (MW) Closure Current Capacity 1. Baspa-II H.P. 300 Hydro VA Tech (Austria), Voith (Germany), Alstom (France) 9 (Operational) 2. Vishnuprayag U.K. 400 H
Slide 10: Thermal Hydro Mix & Merchant Power Capacity
Thermal Hydro y Mix & Merchant Power Capacity p y Thermal : Hydro Mix of Power Capacity Sales Mix of 1000 MW Karcham Wangtoo HEP (as of 31st Mar, 2012) UI@Rs3.11 41% 31% 38% 42% / it /unit 2% 77% 100% Power 59% 69% 62% 58% Exchange@ / Rs3.68/unit 23% 24% GoHP Bilateral@ CY11 CY12 CY13 CY14 CY17 CY20
Slide 11: Power Business – Summary of Project Status: Hydro
CONFIDENTIAL Power Business – Summary y of Project j Status: Hydro y Project Land Water Environment DPR/EPC Fuel PPA Equity upto Mar '12 Clearance Order (R mn)) (Rs Baspa II PROJECT IN OPERATION 100 % PPA 4,910 300 MW Vishnuprayag PROJECT IN OPERATION 100 % PPA 5,090 400MW Karcham 100% Wangtoo PROJE
Slide 12: Power Business – Summary of Project Status: Thermal
CONFIDENTIAL Power Business – Summary y of Project j Status: Thermal Order for Equity Environment Project Land Water Plant & Fuel PPA upto Mar '12 Clearance Machiner (Rs mn) Bina I 9 70% GoMP 9 9 9 9 FSA to be 30% Merchant 8,760 500 MW executed shortly (Fuel cost pass thru in PPA) Bina II Approval f
Slide 13: Financial Summary
CONFIDENTIAL Financial Summary 13
Slide 14: Jaiprakash Power Ventures - Financial Performance
CONFIDENTIAL Jaiprakash p Power Ventures - Financial Performace In INR Mn (US$Mn) ANNUAL Growth w.r.t. Particulars FY 2010 FY 2011 FY 2012 FY 11 7,178 8,407 16,863 Revenue 101% (144) (168) (337) 6,349 7,235 15,267 EBIDTA 111% (127) (145) (305) 2,516 1,651 4,029 PAT 144% ( 0) (50) (33) (81) Income Ta
Slide 15: Selected financial information
CONFIDENTIAL Selected financial information Balance Sheet Rs mn (US$ mn) Particulars JPVL FY 2010 FY 2011 FY 2012 N t worth Net th 33 778 (675) 33,778 51 706 (1,034) 51,706 (1 034) 54 650 (1,093) 54,650 (1 093) Secured & Unsecured 53,746 (1,075) 120,681 (2,414) 148,124 (3,170) D bt Debt Net Fixed As
Slide 16: Shareholding Pattern – Jaiprakash Power Ventures Limited
CONFIDENTIAL Shareholding g Pattern* – Jaiprakash p Power Ventures Limited All figures in % S.N. Category JPVL 1 P Promoters t 76 1 76.1 2 Trust 13.1 3 FIIs 0.8 4 Mutual Funds 1.7 5 Bodies Corporate 1.1 6 Public Financial Institutions 0.7 7 Banks 1.7 8 Public 4.8 TOTAL 100.0 No. of Shares (in Crs) 2
Slide 17: Project Details
CONFIDENTIAL Project Details 17
Slide 18: Baspa-II HEP - 3x100 MW
CONFIDENTIAL Baspa-II p HEP - 3x100 MW Project Detail Description Location & size 300 MW Hydro Power Project in Himachal Pradesh Concession Period 40 + 20 Years Total project cost Rs. 1,667 Crores Means of finance Debt – Rs. Rs 11,089 089 Crores Equity – Rs. 491 Crores Internal Accruals – Rs. 87 Cro
Slide 19: Vishnuprayag HEP - 4x100 MW
CONFIDENTIAL Vishnuprayag p y g HEP - 4x100 MW Project Detail Description Location & size 400 MW Hydro Power Project in Uttrakhand Concession Period 30 + 20 Years Total project cost Rs. 1,694 Crores Means of finance Debt – Rs. Rs 11,185 185 Crores Equity – Rs. 509 Crores Current status In operation
Slide 20: Karcham Wangtoo HEP - 4x250 MW
CONFIDENTIAL Karcham Wangtoo g HEP - 4x250 MW Project Detail Description Location & size 1,000 MW Hydro Power project in Himachal Pradesh Concession Period 35+20 Years Total project cost Rs. 6,900 Crores Means of finance Debt – Rs. 4,890 Crores Equity – Rs. 2,010 Crores Current status In operation s
Slide 21: Jaypee Powergrid Limited - 214 KM Power Transmission Project
CONFIDENTIAL Jaypee Powergrid Limited - 214 KM Power Transmission Project j Project Detail Description Location & size 214 km transmission project to evacuate power from 1 000 MW Karcham-Wangtoo 1,000 Karcham Wangtoo project Concession Period Owned Total project cost Rs. 1,000 Crores Means of financ
Slide 22: Bina TPP – 500 MW
CONFIDENTIAL Bina TPP – 500 MW Project Detail Description Location & size 500 MW Thermal Power Plant in Dist. Bina in Madhya P d h Pradesh. Concession Period Owned Total p project j cost Rs. 3,240 , Crores Means of finance Debt – Rs. 2,268 Crores Equity – Rs. 972 Crores Expected Commissioning 2012 O
Slide 23: Nigrie TPP - 2X660 MW
CONFIDENTIAL Nigrie g TPP - 2X660 MW Project Detail Description Location & size 1320 MW super critical technology boiler, pit head based Th Thermal l Power P Plant Pl t att Dist Di t Sidhi in i Madhya M dh Pradesh P d h Coal Blocks Coal from Mines at Amelia (North) & Dongri Tal-II j Total project co
Slide 24: Bara TPP – 3x660 MW
CONFIDENTIAL Bara TPP – 3x660 MW Project Detail Description Location & size 1,980 MW super critical technology boiler based Project i Bara, in B Allahabad, All h b d Uttar Utt Pradesh P d h Concession Period Owned Total project cost Rs. 10,780 Crores for Phase - I Means of finance Debt – Rs. 8,085 C
Slide 25: Thank You
CONFIDENTIAL THANK YOU 25
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