Torrent Power Limited · NSE:TORNTPOWER
Torrent Power — Q3 FY2022-23 Earnings Presentation
24 slides from Torrent Power's earnings presentation, Feb 14, 2023
Slide 1: Cover letter to stock exchanges
February 14, 2023 To, To, Corporate Relationship Department Listing Department BSE Limited, National Stock Exchange of India Limited 14th Floor, P. J. Towers, “Exchange Plaza”, C – 1, Block G Dalal Street, Fort, Bandra- Kurla Complex, Bandra (East), Mumbai-400001 Mumbai-400051 SCRIP CODE: 532779 SCR
Slide 2: Torrent Power Limited Investor Presentation Q3 FY 2022-23
Torrent Power Limited Investor Presentation Q3 FY 2022-23
Slide 3: Disclaimer
DISCLAIMER This information may contain certain forward-looking statements/details in the current scenario, which is extremely dynamic and increasingly fraught with risks and uncertainties. Actual results, performances, achievements or sequence of events may be materially different from the views ex
Slide 4: Presentation Outline
PRESENTATION OUTLINE TORRENT GROUP TORRENT POWER LIMITED OVERVIEW OF OPERATIONS Q3 FY23 INVESTMENT RATIONALE FIVE YEAR TREND: KEY FINANCIAL & TECHNICAL STATISTICS
Slide 5: Torrent Group
TORRENT GROUP TORRENT PHARMACEUTICALS LIMITED • A generics pharmaceutical major with strong global footprint • Ranked in top 10 in Indian pharma market with leading position in niche therapeutic areas • Ranked No. 1 among Indian Pharma companies in Brazil, Germany & Philippines TORRENT POWER LIMITED
Slide 6: Torrent Group
TORRENT GROUP Turnover $ 3 Bn Market Cap $ 9.20 Bn Enterprise Value $ 10.77 Bn Employees 22,400+ Spreading smiles Illuminating Lives Not just healthcare… Lifecare Generating Trust. Distributing Opportunities. Turnover: $ 1.12 Bn Turnover: $ 1.88 Bn Building pan-India state-of-art Enterprise Value: $
Slide 7: Torrent Power Limited
TORRENT POWER LIMITED Spreading smiles Illuminating Lives Thermal Solar Wind Transmission Distribution - 2,730 MW - 263 - 138 MW oper- - 804.5 MW MW of - 430 MW of - 355 kms 400 kV - -Licensed Licensed: state-of-art gas ational capacity oper-ational operational & - 355128km Kms 400 kVof - 2730 MW of
Slide 8: Torrent Power Limited asset locations
TORRENT POWER LIMITED GUJARAT UTTAR PRADESH AMGEN (362 MW) Sabarmati, Agra Ahmedabad KARNATAKA DGEN (1200 MW) Dahej, Bharuch SUGEN & Kamrej, Surat Wind (120 MW) Gulbarga and UNOSUGEN Raichur, Karnataka (1530 MW) Wind (49.6 MW) Jamnagar Wind (251.6 MW) Kutch 03 Wind (50.9 MW) Rajkot 05 Wind (50.4 MW)
Slide 9: Portfolio of Assets: Thermal Generation
TORRENT POWER LIMITED PORTFOLIO OF ASSETS : THERMAL GENERATION Particulars Sugen Unosugen Dgen Amgen Capacity 1147.5 382.5 1200 362 (MW) (3 x 382.5) (1 x 382.5) (3 x 400) (1 x 120, 2 x 121) Plant Type Gas-based CCPP Gas-based CCPP Gas-based CCPP Coal Based Location Near Surat, Gujarat Near Surat, Gu
Slide 10: Portfolio of Assets: Renewable Generation
TORRENT POWER LIMITED PORTFOLIO OF ASSETS : RENEWABLE GENERATION Particulars Solar Wind Capacity (MW) 263 804.50 Gujarat,Maharashtra,Karnataka, Location Gujarat, Maharashtra & Telangana Rajasthan & Madhya Pradesh COD FY 12 to FY17 FY 12 to FY 19 Avg Tariff (₹/kWh) 7.46 3.96 • 352.50 MW with Company’
Slide 11: Portfolio of Assets: Licensed Distribution
TORRENT POWER LIMITED PORTFOLIO OF ASSETS : LICENSED DISTRIBUTION Ahmedabad/ Particulars Surat Dahej Gandhinagar Licensed Area ~ 356 sq. km. ~ 52 sq. km. ~ 17 sq. km. Peak Demand(FY22) 1,646 MW 689 MW 93 MW License validity Till 2025 Till 2028 Till 2034 Accolades / Highlights T&D loss 3.9% during
Slide 12: Portfolio of Assets: Licensed Distribution
TORRENT POWER LIMITED PORTFOLIO OF ASSETS : LICENSED DISTRIBUTION Dadra and Nagar Haveli and Daman Particulars Dholera SIR and Diu Power Distribution Licensed Area ~ 920 sq. km. ~603 sq. km. Peak Demand(FY22) - 1,150 MW License validity Till 2044 Till 2047 Accolades / Major project on DMIC, to be
Slide 13: Portfolio of Assets: Franchised Distribution
TORRENT POWER LIMITED PORTFOLIO OF ASSETS : FRANCHISED DISTRIBUTION Particulars Bhiwandi Agra Shil, Mumbra, Kalwa (SMK) Licensed Area ~ 721 sq. km. ~ 221 sq. km. ~65 sq. Km. Peak Demand 566 MVA 472 MVA 132 MVA (FY22) License validity 25th Jan 2027 31st March 2030 29th Feb 2040 Accolades / Country'
Slide 14: Overview of Operations – Q3 FY 2022-23
OVERVIEW OF OPERATIONS – Q3 FY 2022-23 Consolidated Financial Statement Q3 22-23 Q3 21-22 Growth % YTD 22-23 YTD 21-22 Growth % FY 21-22 (₹ in Cr.) Revenue from Operations 6,443 3,767 71% 19,656 10,514 87% 14,257 Power Purchase Cost 3,776 2,211 12,958 6,279 8,520 Material Cost & Change in Inventory
Slide 15: Overview of Operations – Q3 FY23
OVERVIEW OF OPERATIONS – Q3 FY23 The TCI for Q3 FY23 was higher by Rs. 326 Cr compared to Q3 FY22. The major reasons for improvement in the TCI for the quarter on y-o-y basis are: Increase in contribution from existing licensed distribution businesses due to improved performance and contribution f
Slide 16: Q3 Thermal PLF / Net Generation
OVERVIEW OF OPERATIONS – Q3 FY23 Q3 Thermal PLF(%)/ Net Generation(MUs) 75.9% 75.4% 552 MUs 554 MUs 30.7% 23.2% 757 20.9% MUs 16.2% 13.4% 1504 10.7% MUs 172 MUs 4.4% 950 5.1% 852 264 MUs MUs MUs 0.8% 0.0% 36 MUs 21 MUS 300 MUs SUGEN UNOSUGEN DGEN GAS PLANTS AMGEN THERMAL 1147.5 MW 382.5 MW 1200 MW 2
Slide 17: Q3 Renewable PLF / MUs Dispatched
OVERVIEW OF OPERATIONS – Q3 FY23 Q3 Renewable PLF (%)/ MUs Dispatched 20.4% 19.0% 16.0% 16.6% 273 MUs 270 MUs 51 111 MUs 264 MUs MUs WIND 804.5 MW SOLAR 213 MW Q3 21-22 Q3 22-23
Slide 18: Q3 USO/Purchase and T&D Loss
OVERVIEW OF OPERATIONS –Q3 FY23 Q3 USO/Purchase (MUs) 2,439 1,818 1,841 837 870 918 996 171 184 408 407 182 183 Ahmedabad Surat Dahej DDDNH Bhiwandi Agra SMK Q3 22 Q3 23 T&D Loss (%) T&D Loss(%) 3.36% 3.24% 3.28% 3.32% 40.92% 34.01% 1.99% 12.27% 10.61% 11.49% 9.43% 0.45% 0.54% Ahmedabad Surat Dahej
Slide 19: Investment Rationale
INVESTMENT RATIONALE • State of the art gas • Huge growth • Need for a robust • Opportunities for based plants potential in grid to support private sector renewables; returns increase in considering the • Direct import of LNG above COE for renewables capacity endemic at efficient cost selected proje
Slide 20: Investment Rationale
INVESTMENT RATIONALE Excellent Regulated operational Promising businesses records growth ensuring opportunities stable returns Unmatched Strong project distribution management model skills World class Rational generation Value allocation of assets Creation capital
Slide 21: 5 Year Trend - Financial Statistics
5 YEAR TREND - FINANCIAL STATISTICS Revenues from Operations (₹ Crore) EBIDTA (₹ Crore)/EBIDTA Margin (%) 13641 14257 13151 11512 12173 3826 3734 3607 3381 3389 30% 29% 27% 27% 26% 2017-18 2018-19 2019-20 2020-21 2022-22 2017-18 2018-19 2019-20 2020-21 2021-22 TCI* (₹ Crore) Net Worth (₹ Crore) 1072
Slide 22: 5 Year Trend - Financial Statistics
5 YEAR TREND - FINANCIAL STATISTICS Net Debt / EBITDA Net Debt Equity Ratio 2.61 0.89 2.49 0.80 0.80 0.80 2.18 2.24 1.98 0.64 17-18 18-19 19-20 20-21 21-22 17-18 18-19 19-20 20-21 21-22 Return on Capital Employed Return on Networth 14.22% 12.62% 12.42% 10.01% 10.31% 11.05% 9.62% 9.32% 9.54% 8.23% 17
Slide 23: 5 Year Trend - Operational Statistics
5 YEAR TREND - OPERATIONAL STATISTICS THERMAL PLF (%) T&D loss (%) Licensed Distribution 87.8% 6.31% 6.03% 71.4% 72.9% 5.61% 76.9% 4.98% 65.3% 60.1% 57.8% 59.9% 4.06% 4.17% 62.3% 44.3% 3.59% 3.43% 3.43% 59.9% 44.3% 3.38% 33.3% 41.1% 33.4% 40.7% 38.4% 9.8% 30.6% 0.0% 0.0% 6.5% 0.40% 0.35% 0.31% 0.49%
Slide 24: Thank You
THANK YOU Contact details: Rishi Shah Torrent Power Limited “Samanvay”, 600 Tapovan, Ambawadi, Ahmedabad 380015 Ph. No. (079) 26628473 Email: IR@torrentpower.com