Jsw Energy Limited · NSE:JSWENERGY
Jsw Energy — Q3 FY2021 Earnings Presentation
25 slides from Jsw Energy's earnings presentation, Jan 29, 2021
Slide 1: Q3FY21 Results Presentation
JSW Energy Limited JSW Steel Limited Q3FY21 Results Presentation Januarypresentation Investor 29, 2021 August, 2020
Slide 2: Key Highlights for Q3FY21 (1/2)
Key Highlights for Q3FY21 (1/2) • Long Term (LT) Net Generation increased by 6% YoY; LT Net Thermal Generation increased by 9% YoY • Overall Thermal PLF for capacity under LT PPA increased to 77% from 71% YoY Operational • LT PPA at Ratnagiri plant increased by 52 MW further de-risking the portfolio
Slide 3: Key Highlights for Q3FY21 (2/2)
Key Highlights for Q3FY21 (2/2) • Board has approved the sale of 18 MW thermal power plant at Salboni to JSW Cement Limited or its SPV on a Other Updates going concern basis, subject to necessary approvals • Carbon Disclosure Project (CDP) rating upgraded to B; highest rating achieved by any Power p
Slide 4: Growth Strategy: Aim to be a major Renewable Energy company
Growth Strategy: Aim to be a major Renewable Energy company Transform portfolio to 70% Renewable Value Creation Framework 10.0 GW Aim to double the portfolio to 10 GW, with 70% Renewable and Hydro, over the medium term 2.2x Committed to 50% reduction in carbon footprint by RE & 2030 and achievin
Slide 5: Renewable Projects Underway
Renewable Projects Underway • 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) • Total Project Outlay: ~`4,700-4,800 Crore (~Debt:Equity :: 70:30) SECI-IX 810 MW • Construction
Slide 6: Agenda
Agenda Business Environment Operational and Financial ESG Focus Performance 6
Slide 7: Indian Economy
Indian Economy Real GDP Growth 10.00% 5.2% 4.4% 4.1% • Economy on an improving trend; upward momentum likely to sustain 3.1% • Q2FY21 real GDP contracted by 7.5%, (from 23.9% contraction in 0.00% Q1FY21), driven by recovery across major sectors Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 • Manufacturi
Slide 8: Power Demand
Power Demand Power Demand Growth YoY • Power demand in Q3 increased by 6.4% YoY to 313 BUs +11.1% +4.9% +12.0% • Overall recovery in economic activity along with a low +3.2% +4.4% base effect, led to a strong power demand growth +3.8% during the quarter +2.0% -2.4% -4.2% • Demand for 9MFY21 stood at
Slide 9: Power Generation
Power Generation Power Generation Growth YoY Segment-wise Share in Generation Total +11.2% +12.0% Generation 1,242 1,308 1,376 1,389 1,056 1,017 +4.4% (BU) +3.5% +4.1% 3.5% 3.3% 3.1% 3.8% 3.9% 4.2% +4.8% 6.6% 7.8% 9.2% 10.0% 10.0% 10.9% +2.0% 9.9% 9.6% 9.8% 11.2% 12.3% 12.5% -2.5% -1.8% -8.0% -10.0%
Slide 10: Installed Capacity (1/2)
Installed Capacity (1/2) Sector-wise Installed Capacity Segment-wise Installed Capacity 91.2 GW Central, State, 103.9 GW +1924 MW * RE, 93.9 GW 24.3% 25.0% 27.7% +280 MW * 375.3 GW 375.3 GW 231.6 GW 45.8 GW Hydro, Thermal +270 MW * +99 MW* 12.2% , 61.7% Private, 47.3% Nuclear, 1.8% 6.8 GW 177.5 GW +
Slide 11: Installed Capacity (2/2)
Installed Capacity (2/2) Overall Segment-wise Net Capacity Addition (GW) RE 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 4.1 8.6 5.2 0.4 0.1 6.5 6.4 0.9 5.5 7.7 4.6 4.1 4.3 2.8 3.4 1.0 FY17 FY18 FY
Slide 12: Agenda
Agenda Business Environment Operational and Financial ESG Focus Performance 12
Slide 13: Operational Performance – Net Generation
Operational Performance – Net Generation Net Generation Location Capacity Q3FY21 Q3FY20 Change YoY 9MFY21 9MFY20 Change YoY % MUs MUs % MUs MUs % LT 77% 1,482 1,285 +15% 4,171 3,945 +6% Ratnagiri (1,200 MW) Total 100% 1,686 1,753 (4%) 4,505 5,488 (18%) Barmer (1,080 MW) LT 100% 1,632 1,271 +28% 4,84
Slide 14: Operational Performance – PLF
Operational Performance – PLF PLF (*Deemed PLF) Location Capacity Q3FY21 Q3FY20 9MFY21 9MFY20 Remarks – Q3 FY21 % % % % % LT 77% 80 (*90) 69 (*80) 75 (*90) 71 (*85) Ratnagiri (1,200 MW) Higher LT sales Total 100% 69 (*78) 72 (*81) 62 (*74) 76 (*87) Barmer (1,080 MW) LT 100% 76 (*81) 59 (*82) 75 (*84
Slide 15: Consolidated Financial Results
Consolidated Financial Results Q3FY21 Q3FY20 Particulars in ` Crore 9M FY21 9MFY20 1,6591 2,016 Total Revenue 5,5461 6,712 655 706 EBITDA 2,467 2,615 39% 35% EBITDA Margin(%) 44% 39% 191 261 Interest 639 803 292 293 Depreciation 873 879 172 151 Profit Before Tax (before exceptional items) 955 933 -
Slide 16: Entity-wise Financial Results
Entity-wise Financial Results Entity-wise Revenue from Operations Particulars in ` Crore Q3FY21 Q3FY20 9MFY21 9MFY20 Standalone 6921 1,092 2,1681 3,298 JSW Energy (Barmer) 682 622 2,040 1,993 JSW Hydro Energy 226 212 1,099 1,116 JPTL 18 20 54 59 Consolidated* 1,6091 1,949 5,3531 6,479 Entity-wise EB
Slide 17: EBITDA Movement - Consolidated
EBITDA Movement - Consolidated Particulars in ` Crore High long term PPA tie-ups ensuring stable EBITDA generation 17
Slide 18: Net Debt Movement - Consolidated
Net Debt Movement - Consolidated Particulars in ` Crore Net Debt* reduced by ~`952 Crore in Q3FY21 Large balance sheet headroom available to embark on growth projects * Excluding short term working capital debt/acceptances 18
Slide 19: Robust Balance Sheet
Robust Balance Sheet Net Debt* (` Crore) Net Worth (` Crore) 13,900 12,467 13,037 11,756 11,646 12,202 9,702 9,530 8,945 8,493 7,671 6,719 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Leverage Ratios Wt. Average Cost of Debt Net Debt*/Equity Net Debt*/TTM EBITD
Slide 20: Trade Receivables
Trade Receivables • Receivables decline 22% QoQ and 22% YoY in Consolidated Trade Receivables* (` Crore) Q3FY21 – Lowest outstanding in last 7 quarters • All plants placed favourably in States’ Merit Order Dispatch 2,164 2,183 o Further, Hydro plants under ‘Must-run status’ 1,693 with no scheduling
Slide 21: Agenda
Agenda Business Environment Operational and Financial ESG Focus Performance 21
Slide 22: 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 23: Continuing our Health & Safety Excellence Journey
Continuing our Health & Safety Excellence Journey Figures are for 9MFY21 Zero Severe/Major Injuries REPORTED AT OUR SITES Safety Excellence continues with the achievement of following ‘Accident Free Operations’ Zero Lost Time Injuries (LTIs) REPORTED AT OUR SITES Accident Free Operations (Man-Days)
Slide 24: 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 25: Thank You
Thank You JSW Steel Limited Investor presentation • August, 2020