Jsw Energy Limited · NSE:JSWENERGY
Jsw Energy — Q3 FY2012 Earnings Presentation
32 slides from Jsw Energy's earnings presentation, February 2012
Slide 1: Energising India
Slide 2: SECTOR UPDATE COMPANY OVERVIEW PERFORMANCE HIGHLIGHTS
SECTOR UPDATE COMPANY OVERVIEW PERFORMANCE HIGHLIGHTS FINANCIAL RESULTS PROJECT UPDATE STRATEGY 2
Slide 3: Sector Update
SECTOR UPDATE
Slide 4: Demand Driven
India Outshines Global GDP Forecasts 5th largest electricity-generating and electricity consuming capacity in the world The demand for power is expected to grow at 7.5% during XII Plan period Increasing demand trend on a moving average basis compared to the previous year Demand Trend (GW) DEMAND
Slide 5: Capacity Profile
Capacity Profile Capacity Addition During XI Plan (MW) Installed capacity : 187 GW as on Dec 31, 2011 Capacity Addition During 9M FY 2012 Source: CEA 5
Slide 6: Challenges and Expectations
Challenges Expectations Inadequate thermal MoP shift to Case II bids coal supply to benefit SEBs (lower rates), IPPs (pass through) SEB losses Increase in CIL output Prevailing structure SEB restructuring to of rate based improve financial health & competitive bids working capital situation (S
Slide 7: Company Overview
Slide 8: Established power company with proven track record
240 MW 540 MW 540 MW Kutehr 270 MW 1,620 MW Established power company with proven track record. Barmer Jharkhand West Bengal Existing Operations:- Chhattisgarh o Power Generation Capacity – 2,600 MW 1,320 MW o 400 KV transmission line of 157 km o Operating Lignite Mines – 3 MTPA 1,320 MW o Opera
Slide 9: Performance Highlights
L/L PERE | \ : We GHTS Da Y
Slide 10: Operational milestones: COD achieved
Ratnagiri Unit IV achieved Commercial Operation Date (COD) on October 16, 2011 Barmer Unit III achieved Commercial Operation Date (COD) on November 7, 2011 Barmer Unit IV achieved Commercial Operation Date (COD) on December 4, 2011 Jaigad- Karad line Circuit 2 commissioned & Commercial Operation Dat
Slide 11: Capacity Growth and Net Generation Growth
Capacity Growth (MW) Net Generation Growth (Million kwh) 66 % 50 % 45 % 74 % 11
Slide 12: QoQ Net Generation and Volumes
QoQ Net Generation (Million kwh) Volumes (Million kwh) 2,396 3,965 50 % 66 % Vijayanagar Barmer Ratnagiri PLF (Q3 FY 2012) 85 % 74 % 83 % 12
Slide 13: Sales Mix and Realisation
Sales Mix ( Million kwh) 8,964 31 % 6,003 4,235 34 % 2,396 34 % 69 % 66 % 33 % 66 % 67 % Realisation ` per kwh Q3 FY 2011 Q3 FY 2012 9M FY 2011 9M FY 2012 Merchant Realisation 4.72 4.26 5.02 4.43 Long Term Realisation 3.59 3.16 3.60 3.22 Average Realisation 4.43 3.94 4.59 4.12 13
Slide 14: Financial Results
~ FINANCIAL RESULTS a a [4} ff oe Pee eee,” | al lil san oi — _ Miia, — | iy as, »
Slide 15: Turnover, EBITDA, PAT and EPS
1,110 3,968 Turnover (` Crores) 1,798 4,158 387 1,244 EBITDA (` Crores))) 378 982 35 % 31 % EBITDA (%) 21 % 24 % 142 310 Interest (` Crores)) 199 484 74 176 Depreciation (` Crores) 138 352 171 758 PBT (` Crores) -97 -78 153 636 PAT (` Crores) -83 -55 0.93 3.88 EPS (`) (Not Annualised) -0.50 -0.34 15
Slide 16: Net Worth, Debt and Net Fixed Assets
Net Worth (` Crores) 5,676 5,611 Debt (` Crores) 9,638 9,912 Net Fixed Assets (` Crores) * 14,129 15,213 Debt Equity Ratio (Times) 1.70 1.77 Weighted Average Cost of Debt 11.02 % 11.21 % *Including CWIP 16
Slide 17: Project Update
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Slide 18: Divestment of JSW Energy Bengal holdings
Divestment of holdings in JSW Energy Bengal Ltd. Phase I- 300 MW in favour of JSW Bengal Steel Ltd. to enable the latter to set up a captive power plant (subject to consents) Open access from Ratnagiri Unit 3 to JSW Ispat approved, supply to JSW Ispat Steel Ltd. commenced from January 19, 2012 18
Slide 19: Barmer project status update
Project Details Status Update Gross Capacity 1,080 MW (8 x 135) •Unit III COD achieved on November 7, 2011 Technology Sub-critical Captive Lignite based TPP •Unit IV COD achieved on December 4, 2011 FSA with BLMCL (49% JV) for supply Fuel Linkage of lignite from captive lignite mines of BLMCL Water
Slide 20: Chhattisgarh project status update
Project Details Status Update • PPA signed with GoCG for 35% of Gross Capacity 1,320 MW (2 x 660) power •Water allocation obtained Super-critical domestic coal based Technology TPP •Topography survey and geo-technical investigations completed 11% interest in coal block jointly Fuel Linkage allocated
Slide 21: Kutehr hydro project status update
Project Details Status Update •Techno Economic Clearance from CEA Gross Capacity 240 MW (3 x 80) received •MOEF accorded Forest stage I clearance & Environment clearance Technology Run-of-the-river Hydropower •Pre-qualification of vendors for electro mechanical & hydro mechanical works Water complet
Slide 22: West Bengal project status update
Project Details Status Update Gross Capacity 1320 MW (2 x 660) • Land in possession Technology 1,320 MW - Super-critical TPP •Supplementary agreement to PPA offering 40% output from Unit II & III signed with WBEDCL Ichhapur Mines- WBMDTC to Fuel Linkage supply fuel 40% to WBMEDCL , balance on Power
Slide 23: Project status update
Project Details Status Update Gross Capacity 660 MW (1 x 660) • Land identified Technology Super critical coal based TPP •TOR cleared by MOEF Imported coal / Domestic linkage •Plant layout finalised Fuel Linkage coal •DPR under preparation Water Source Almatti Dam •Geo technical survey in progress M
Slide 24: Project status update
Project Details Status Update Gross Capacity 270 MW (2 x 135) • Land in possession Subcritical Captive lignite based Technology TPP •Applied for coal linkage •Government consent awaited Fuel Linkage Applied to Ministry of Coal Water Allocation from IGNP Allocation Short Term power purchase Power Off
Slide 25: Project status update
Project Details Status Update Gross Capacity 3,200 MW (4 x 800) •Substantial land in possession Super-critical imported coal based Technology •Approvals awaited TPP Letter of support from Government Authority of Maharashtra Fuel Linkage Imported Coal Water Allocation Sea Water Combination of long te
Slide 26: Steam turbine generators project update
Project Details Status Update • Blade production commenced Gross Capacity 3GW Steam Turbine Generators •Building & Equipment Warehouse completed Super critical steam turbines of Technology size 500-1000 MW •Total project completion 99% Procurement All orders placed •Main plant completion 98% •Manufa
Slide 27: Mining status update
Status Update Lignite production commenced BLMCL- Kapurdi Mine Mining lease transferred in the name of BLMCL MOEF Clearance received BLMCL- Jalipa Mine Mine development plan approved Land acquisition under progress; Entire price deposited MJSJ Coal Public hearing completed Land acquisition under pro
Slide 28: SACMH status update
SACMH Status Update Umlabu & Ilanga (Wit Bank Region), South Location •Coal production commenced Africa •Raw Coal produced during Q3 FY 93.27 % Equity holding 2012: 243,780 tonnes Control Acquired shares under put call option agreement •Total Sales during Q3 FY 2012: 111,263 tonnes • Richard’s Bay C
Slide 29: Strategy
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Slide 30: Create a sustainable world class power utility
Create a sustainable world class POWER UTILITY 30
Slide 31: Certain statements in this report concerning our future growth prospects are forward looking statements,
Certain statements in this report concerning our future growth prospects are forward looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The risk and uncertainties relating to these
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