Power Grid Corporation Of India Limited · NSE:POWERGRID
Power Grid Corporation Of India — FY2015 Earnings Presentation
30 slides from Power Grid Corporation Of India's earnings presentation, Jun 2, 2015
Slide 1: FY 2014-15 Press & Analysts' Meet
FY 2014-15 Press & Analysts’ Meet Mumbai June 2, 2015
Slide 2: 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 3: FY15: Major Highlights
FY15: Major Highlights POWERGRID Overview Power Sector Overview FY15- Financial Results Highlights: Financial, Projects, Operational (Asset & Grid) Highlights: Consultancy- International Business- Telecom Investment & Funding Programme Smart Grid & New Initiatives - Updates Highlights- CSR & Sustain
Slide 4: FY15 – Major Highlights
FY15 – Major Highlights ₹ 5,000 crore Profit After Tax crosses ₹ 5,000 crore for the first time in Company’s history (Consolidated Basis) ₹ 5,000 crore Fastest Growing Electric 5th Largest Gross Assets Highest ever Successful in 3 out of 4 Utility in the World as as per DPE2, GoI Capitalization TBCB
Slide 5: POWERGRID Today
POWERGRID Today CENTRAL LISTED in GOVT. PAYING Market A ‘NAVRATNA’ SHAREHOLDING TRANSMISSION NSE, BSE DIVIDEND SINCE Capitalization ENTERPRISE UTILITY since 2007 57.90% 1993-94 ₹ 74,812 crore1 Vision World Class, Integrated, Global Transmission Company With Dominant Leadership in Emerging Power Mark
Slide 6: POWERGRID Group
POWERGRID Group Government Institutions Non-Institutions of India 57.90 % 35.49% 6.61% Shareholding pattern as of 31st March, 2015 Joint Ventures Subsidiaries (% POWERGRID equity holding) (100%) Powerlinks Trans. Teesta Valley Power POSOCO Cos. Acquired Ltd. (49%) Trans. Ltd. (26%) (Grid Management)
Slide 7: Power Sector Overview
Power Sector Overview Installed Capacity (GW) RE Capacity (GW) Transmission (ckm) I-R Capacity (GW) At the end of XI Plan 200 incl. RES 24.5 257,481 27.75 At the end of FY15 268 incl. RES 31.7 313,437 46.45 Targeted addn. during XII Plan 88 30 107,440 37.8 Addn. in XII Plan (Apr12-Mar15) 68 7.2 55,9
Slide 8: Financial Highlights FY15
Financial Highlights FY15 (₹ in crore) Quarter ended Year ended Description Standalone 31.03.2015 31.03.2014 Income 31.03.2015 31.03.2014 Consolidated Standalone Consolidated Standalone - Transmission Charges 4,468 3,752 16,999 16,521 14,770 14,327 - Consultancy – Services 157 147 385 381 335 333 -
Slide 9: Financial Highlights FY15
Financial Highlights FY15 (₹ in crore) Description As on 31.03.2015 As on 31.03.2014 Gross Fixed Assets 118,264 96,504 Capital Work-in-Progress 56,292 53,330 Debt 93,845 80,470 Net Worth 38,037 34,413 Earning Per Share (₹) 9.52 9.36 Book Value per Share (₹) 72.71 65.78 Key Financial Ratios Debt : Eq
Slide 10: Asset Based Returns- FY11 to FY15
Asset Based Returns- FY11 to FY15 Investment-led Asset Growth Consistent increase in Physical Assets Gross Fixed Assets (GFA+WIP) (₹ in ‘000 crore) TL ('000 ckm) X-fm (GVA) Substations 2.35x 174.3 149.8 184 192 167 231.7 120.8 118.3 150 205.9 96.7 135 164.8 80.6 96.5 77.0 124.5 63.4 106.8 115.6 50.3
Slide 11: Project & Employee Efficiency- FY11 to FY15
Project & Employee Efficiency- FY11 to FY15 Thrust on Capitalization …and Efficient Project Management Capex Capitalisation Capitalization/ Capex (%) 39,882 CWIP (₹ in ‘000 crore) 86% 97% (Installed) 73% 69% 31,851 59% 22.5 21.8 23.2 20.0 17.8 17.2 21,037 21,479 15.9 17,701 12.0 13.0 13,661 19,115 C
Slide 12: FY15: Billing & Realization
FY15: Billing & Realization Billing Realization %age realization ₹ 16,409 crore ₹ 15,848 crore 97% Avg. Monthly Billing: ₹ 1,367 crore => 2mnths (60 days’) billing = ₹ 2,734 crore Highest ever Revenue Collection in a month: ₹ 1880 crore (Mar’15) Dues as on 31.05.2015 Balance due but not outstanding
Slide 13: Project Highlights- Major Projects Commissioned in FY15
Project Highlights- Major Projects Commissioned in FY15 Transmission Lines Sub-Stations Inter-Regional Capacity 8 Nos. ~ 12,600 GW-ckm 4,200 MW ~ 25,800 MVA Major Lines Sub-stations Inter-Regional • Nellore-Thiruvalem •Rangpo (GIS) • Bina – Gwalior • Jharsuguda – • Champa-Raipur, Champa- •Shahjahanp
Slide 14: Projects in FY16
Projects in FY16 Transmission Lines Sub-Stations Inter-Regional Capacity 20,500 GW-ckm 20 Nos. 15,200 MW Major Lines Sub-stations Inter-Regional • Bareilly-Kashipur, Kashipur-Roorkee • V’chal – Satna, •Barh – Gorakhpur • Meerut – Moga, Kanpur – Jhatikara •Vindhyachal PS •Gwalior-Jaipur • Raigarh-Cha
Slide 15: TBCB Projects
TBCB Projects Participation Success 18 Projects 9 (50%) POWERGRID • Acquired on 26.02.15 POWERGRID NM Completion-Dec’15 Jabalpur Trans Ltd. • ALTC - ₹ 211 crore Transmission Ltd. ALTC*: ₹ 99 cr. Gadarwara (A) • Acquired on 24.04.15 Licenses Transco Ltd. • ALTC - ₹ 290 crore received. POWERGRID Vizag
Slide 16: Operational Highlights
Operational Highlights Tr. lines Sub-stations: 192 Nos. X-formers: ~750 nos. Assets under • 13 GIS management • 950 nos. • 75 remotely managed Xfn Capacity: 231,709 MVA (Mar-15) • 115,637 ckm 44 managed through NTAMC Reactors: ~ 1050 nos. Voltage Landscape poised for a major migration to 765kV in
Slide 17: Asset Management Initiatives
Asset Management Initiatives NTAMC - Operational Aerial Patrolling • Centralized Operation of 65 S/S taken up till date • Attributes: SCADA; Remote Accessibility System & Real time Video Monitoring System; Maintenance Service Hubs • Regional Control Centers (9) - Jammu, Manesar (Haryana), Dehgam (Gu
Slide 18: R&D/ New Technology Initiatives
R&D/ New Technology Initiatives Simulation and Lab facilities Smart Grid Advance Knowledge Diagnostics Centre R&D Energy Center Efficiency WAMS Testing Manesar Demo Substation Material Automation Science Lab System POWERGRID Transmission Academy of • Field Testing and Line Research Optimization Stud
Slide 19: Grid Management- Highlights
Grid Management- Highlights Inter-Regional Exchange (BU) Short Term Open Access Txns. ('000) Bilateral Txns. ('000) Collective 84 26 22 24 78 17 14 10 10 12 57 66 6 7 FY11 FY12 FY13 FY14 FY15 59 Avg. Daily Bilateral Collective STOA FY11 FY12 FY13 FY14 FY15 Vol. (MU) 156 82 238 Impact of STOA: Reduct
Slide 20: Highlights – Consultancy (Domestic)
Highlights – Consultancy (Domestic) FY15 Performance New Orders Under Execution Major assignments • Strengthening of T&D System in Arunachal & Sikkim, NER States 30 New Orders from 21 clients ~ 120 assignments • Delhi Transco Ltd. works Project Cost: ~ ₹ 7,100 crore Project Cost (Bal.): ~₹ 19,500 cr
Slide 21: Highlights – Consultancy (International Business)
Highlights – Consultancy (International Business) FY15 Performance Activities Success Status Major works 10 Orders received • 2nd Block of 500MW 14 EoIs submitted 14 projects under Execution 3 New countries included B2B Stn. in Bangladesh • Capacity Building works ~50% of the works in the Myanmar Pr
Slide 22: Highlights – Telecom
Highlights – Telecom Infrastructure & Licenses Services Offered Clientele • Infrastructure • Point to Point dedicated • NLDOs/ ILDOs • Fiber Optic Network: ~ 33,200 km Bandwidth Leased Lines • Unified Access Providers (incl. • Points of Presence: 352 • MPLS-VPN all Leading Telcos) • Internet Leased
Slide 23: Investment & Funding Programme
Investment & Funding Programme 120000 100000 Funding of Projects 22,550 80000 22,500 • Debt & Equity in the ratio 70:30 as per Tariff guidelines 60000 22,456 • FPO funds raised in 2013- Utilized 40000 23,158 20000 FY15- Fund raising through Domestic Market 20,037 9.30% 0 FY13 FY14 FY15 FY16 FY17 Cap
Slide 24: Smart Grid - Updates
Smart Grid - Updates Green Energy Implementation for Phase-I commenced (Inter-State portion: ₹13,000 crore) Corridors Report for Green Energy Corridors – II submitted to GoI Ultra Mega Transmission System Implementation commenced for Solar Park Solar Parks in NP Kunta, Andhra Pradesh Power Quality U
Slide 25: New Products
Smart Grid - Updates Smart Home Energy Management System and Smart Grid Consultancy Works Microgrid Controller Patent applied • Implementation commenced Energy Efficient All Season Roof Screening • Punjab, Karnataka & Himachal New Products Pradesh • Under Progress Active power filter for • Tripura,
Slide 26: New Initiatives- Updates
New Initiatives- Updates Energy Efficiency • Certified as BEE Grade-1 Energy Service Co. • Energy Audit assignment from SAIL - Successfully Completed • >1300 Agricultural pumps replaced with energy efficient pumps in Karnataka • ‘Negawatt- Makes a Watt’, An Energy Efficiency Report - Released JVs fo
Slide 27: Highlights – CSR & Sustainability
Highlights – CSR & Sustainability Environment and Social Policy & Procedure (ESPP) POWERGRID’s CSR Policy aligned to • Principles of Avoidance, Minimization and Mitigation Companies Act, 2013 which came into • Certified to Social Accountability Standard (SA-8001: 2008) effect from April 1, 2014 Thru
Slide 28: CSR & Sustainability
CSR & Sustainability Complementing ‘Make in India’ 765kV Class Foreign bidders to set up manufacturing facility to Transformer/ supply at least one Transformer/ Reactor Reactor 765kV GIS Foreign bidders to set up manufacturing facility to Equipment supply at least one bay ±800kV HVDC Thyristor- at l
Slide 29: Way Forward
Way Forward Major works 6000MW HVDC Bipole/ TS for Solar Park in 7 ISTS for Renewables ISTS works in NCT of Success in TBCB in Other Schemes States in Northern Region Delhi recent projects between WR & SR Major Consulting Assignments in States NER Power System Improvement Scheme in six Transmission
Slide 30: Thank You
Lhank Vow
Power Grid Corporation of India — FY2015 Earnings Presentation on 6ix