Power Grid Corporation Of India Limited · NSE:POWERGRID
Power Grid Corporation Of India — H1 FY2019-20 Earnings Presentation
30 slides from Power Grid Corporation Of India's earnings presentation, Nov 11, 2019
Slide 1: Covering letter to NSE on Analysts' Meet
C/COS/Listing/NSE/ Dt: 11.11.2019 The GM (Listing) National Stock Exchange of India Ltd., Exchange Plaza, Plot No.C/1, G Block, Bandra Kurla Complex, Bandra (East), Mumbai. Ref: Symbol: POWERGRID; Series: EQ; ISIN: INE752E01010 Dear Sir, Sub: Regulation 30 of the SEBI (Listing Obligations and Disclo
Slide 2: Analyst Meet – H1FY2019-20
Analyst Meet – H1FY2019-20 Nov.11, 2019 Mumbai A constituent of
Slide 3: Disclaimer
Disclaimer By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell any secur
Slide 4: Presentation Outline
Presentation Outline Recent Highlights Performance during H1FY20 Business Outlook Asset Monetisation Awards & Accolades 3 Maharatna CPSE
Slide 5: Recent Highlights
Recent Highlights Maharatna CPSE
Slide 6: Recent Highlights
Recent Highlights POWERGRID becomes a Platts Top250 Global Energy Recent Success in TBCB Maharatna Company Rankings, 2019 Fastest Growing Electric Successful in 7 projects in Status accorded on Utility in Asia Pacific – 6th FY20 out of 13 bids October 23, 2019 successive Year, since participated 201
Slide 7: New Identity - New Logo
New Identity - New Logo Launched by Hon’ble Minister of State (I/C) for Power, Govt. of India on 23rd October 2019 Graphic represents Transmission tower Two hands protecting and caring for power (depicted by the red sign) “Namaste”, the traditional Indian way of respect and Greeting, as a
Slide 8: POWERGRID Today
POWERGRID Today A ‘MAHARATNA’ CENTRAL TRANSMISSION LISTED COMPANY GOVT. SHAREHOLDING Market Cap. COMPANY UTILITY since 2007 54.96%1 ₹ 103,716 crore2 1-Govt. Shareholding after recent (Oct’19) tranche of Bharat 22 ETF; 2-Based on BSE closing price of ₹198.25/ share on Oct.31, 2019 Transmission Lines
Slide 9: Performance during H1FY20
Performance during H1FY20 - Project Execution - Operations - Financial - Commercial - Other Businesses Maharatna CPSE
Slide 10: Project Execution
Project Execution Major Elements added in Q2 • Transmission Lines • 765kV D/C Ajmer - Bikaner • 400kV D/C Nabinagar II -Patna • LILO of Bhadla (RVPN) - Bikaner (RVPN) 400kV D/C Line at Bikaner • 220kV D/C Kishenganga - Wagoora • 400kV D/C Edamon – Muvattupuzha - One of the longest pending lines of P
Slide 11: Capex Capitalisation
Project Execution PROJECTEXECUTION Capex Capitalisation 7,850 8,300 6,532 5,687 4,221 3,623 2,909 1,466 Q1FY20 Q2FY20 H1FY20 Till Oct'19 Q1FY20 Q2FY20 H1FY20 Till Oct'19 (Prov.) (Prov.) (₹ in crore) Figures on Consolidated basis Capitalization figures. exclusive of FERV 10 Maharatna CPSE
Slide 12: Operational Highlights
Operational Highlights Availability (%) Reliability (Trippings per line) 0.30 99.82% 0.25 99.64% H1FY19 H1FY20 H1FY19 H1FY20 11 Maharatna CPSE
Slide 13: Financial Performance
Financial Performance Standalone Subsidiaries Consolidated Income Growth: 8% Income Growth: 90% Income Growth: 9% PAT Growth: 9% PAT Growth: 112% PAT Growth: 10% 18,411 18,622 17,118 792 17,095 417 4,552 4,955 4,626 5,074 159 75 H1FY19 H1FY20 H1FY19 H1FY20 H1FY19 H1FY20 Income PAT Income PAT Income
Slide 14: Financial Performance – Q2FY20
Financial Performance – Q2FY20 Standalone Consolidated Description Growth Growth (Quarter ended) (Quarter ended) 30.09.19 30.09.18 (%) 30.09.19 30.09.18 (%) Income - Transmission Charges 8,342 8,012 4% 8,738 8,278 6% - Consultancy – Services 171 137 25% 140 119 18% - Telecom 173 140 24% 173 140 24%
Slide 15: Financial Performance – H1FY20
Financial Performance – H1FY20 Standalone Consolidated Description Growth Growth (Half Year ended) (Half Year ended) 30.09.19 30.09.18 (%) 30.09.19 30.09.18 (%) Income - Transmission Charges 16,849 15,820 7% 17,637 16,236 9% - Consultancy – Services 296 287 3% 250 239 5% - Telecom 344 313 10% 344 31
Slide 16: Financial Highlights – H1FY20 (Standalone)
Financial Highlights – H1FY20 (Standalone) Description As on 30.09.2019 As on 31.03.2019 Gross Fixed Assets 2,03,666 1,97,793 Capital Work-in-Progress 34,155 34,635 Debt 1,42,169 1,41,786 Net Worth 62,375 59,017 Earning Per Share (₹) 9.47* 19.00 Book Value per Share (₹) 119.23 112.81 Key Financial R
Slide 17: Financial Highlights – H1FY20 (Consolidated)
Financial Highlights – H1FY20 (Consolidated) Description As on 30.09.2019 As on 31.03.2019 Gross Fixed Assets 2,13,281 2,07,215 Capital Work-in-Progress 39,672 38,827 Debt 1,42,459 1,42,076 Net Worth 62,541 59,088 Earning Per Share (₹) 9.70* 19.18 Book Value per Share (₹) 119.54 112.95 Key Financial
Slide 18: Commercial Performance
Commercial Performance Billing Realization Efficiency ₹16,819 crore ₹16,511 crore 98.17% O/s > 45 days ₹3,444 cr. (38 days billing) Major Dues: Telangana, Uttar Pradesh, J&K, Andhra Pradesh, Rajasthan 17 Maharatna CPSE
Slide 19: Performance of Telecom & Consultancy Businesses
Performance of Telecom & Consultancy Businesses Telecom Consultancy • Income: ₹ 173 crore for Q2FY20 (Consol.) • Income: ₹ 140 crore for Q2FY20 (Consol.) • 41 Orders in Q2FY20 • Domestic • >99.99% Telecom Network Availability ~ 90 assignments in hand 9 new orders in Q2FY20 >30 new proposals un
Slide 20: Business Outlook
Business Outlook Maharatna CPSE
Slide 21: New Works accretion in FY20: ₹ 10,030 crore
Business Outlook New Works accretion in FY20: ₹ 10,030 crore TBCB Regulated Tariff Mechanism ₹ 6,599 crore ₹ 3,431 crore (Aggregate Annual Levelised Tariff: Rs.666 crore) Allocated in Sep’19 Inter-State (RE related works) ₹ 726 crore ₹ 3,269 crore Intra-State Allocated in Nov’19 ₹ 3,330 crore ₹ 2,70
Slide 22: FY20 Capex Plan and Works in Hand
Business Outlook Works in Hand Ongoing Projects ~ ₹ 46,500 crore FY20 Capex Plan New Projects ~ ₹ 3,500 crore ₹ 15,000 crore TBCB Projects ~ ₹ 16,000 crore Total Works in ~ ₹ 66,000 crore Hand 21 Maharatna CPSE
Slide 23: Transmission Works for RE
Transmission Works for RE Dholera UMSP 66.5 GW [47.5GW Solar + 19GW Wind] (Guj.) 12.4 GW 26.1 GW 28GW 4GW Dec’20 Dec’21 Beyond Dec’21 Dec’21 RE Generation (REZ) Dec’20: Dec’21: Beyond Dec’21: ₹ 10,879 crore ₹ 24,481 crore ₹ 12,441 crore RTM: ₹ 3,246 crore RTM: ₹ 1,138 crore RTM: ₹ 1,614 crore TBCB:
Slide 24: Outlook for Transmission Sector
Outlook for Transmission Sector 2019 2022 2030 GENERATION vis-à-vis POWER & ENERGY DEMAND Generation (GW) 356 479 900 RE (GW) 77.6 175 450 Demand (GW) 177.5 225 373 Annual Energy (BU) 1,267 1,566 2,606 TRANSMISSION Trans. System GEC-I & GEC-II REZ based systems Perspective 63,200-HVAC ckm 5,070 16,5
Slide 25: Other Upcoming Opportunities
Other Upcoming Opportunities JV with Assam for Intra-State works under approval by Govt. of Assam Joint Ventures Agreement signed with NTPC for setting up National Electricity Distribution Company Limited (NEDCL) through a 50:50 JV to undertake distribution of electricity and related activities. MoU
Slide 26: Asset Monetisation
Asset Monetisation Maharatna CPSE
Slide 27: Asset Monetisation through InvIT
Asset Monetisation through InvIT Govt.’s mandate to Assets would continue Proceeds to be utilized raise ~₹ 10,000 crore to be operated and for deployment in in the current year maintained by fresh investments through InvIT POWERGRID Benefit to Investors • Higher Return on Equity; Lower Debt • Potent
Slide 28: Awards & Accolades
Awards & Accolades Maharatna CPSE
Slide 29: Major Awards & Accolades
Major Awards & Accolades National CSR Award by Hon’ble Swachh Bharat Award by Hon’ble President D&B PSU Award President of India of India • For 2nd successive year, POWERGRID won • Corporate Award for Excellence in CSR • For significant CSR contribution under the all three awards - Best Navratna Ove
Slide 30: Thank You
THANK YOU
Power Grid Corporation of India — H1 FY2019-20 Earnings Presentation on 6ix