Jsw Energy Limited · NSE:JSWENERGY
Jsw Energy — Q1 FY19 Earnings Presentation
15 slides from Jsw Energy's earnings presentation, Jul 27, 2018
Slide 1: JSW Energy Limited Q1 FY19 Results Presentation
JSW Energy Limited Q1 FY19 Results Presentation July 27, 2018
Slide 2: Key Highlights for Q1 FY19
Key Highlights for Q1 FY19 • HBPCL, the Company’s wholly owned subsidiary was awarded (i) “Porter Prize for Leveraging Unique Activities”, by Institute for Competitiveness, and (ii) “IEX 10 Years Excellence Award” for Karcham Wangtoo Hydro Electric Project, under the category of “Highest Electricity
Slide 3: Agenda
Agenda Business Environment Operational and Financial Performance 3
Slide 4: Demand Growth Moderates to 4.9% in Q1 FY19
Demand Growth Moderates to 4.9% in Q1 FY19 Q1 FY19* Region YoY % Remarks (MUs) North 1,01,417 5.8% Driven by: Rajasthan (+14.9% YoY) West 99,382 4.9% Madhya Pradesh (+6.6% YoY) and Goa (+11.2% YoY) South 82,868 4.2% Andhra Pradesh (+10.3% YoY) East 37,833 5.5% Bihar (+14.8% YoY) North-East 3,928 -3.
Slide 5: Generation and PLF trends
Generation and PLF trends Apr-May 18 Remarks Gross Generation YoY % (MUs) Thermal 1,89,897 4.7% Hydro 18,236 -19.3% • Generation grew by 3.1%, primarily led by RE segment RE 17,702 16.6% (+16.6% YoY) Others 6,829 5.0% Total 2,32,664 3.1% Thermal PLF (%) Apr-May 18 Apr-May 17 Remarks All- India PLF 6
Slide 6: Average Merchant Tariff Peaks in May-18
Average Merchant Tariff Peaks in May-18 Merchant Tariff Trend 5.00 Particulars Q1 FY19 Q4 FY18 Q1 FY18 YoY % QoQ % Average Monthly MCP (Rs/kWh) 4.50 Merchant Volume 13,958 10,711 11,877 17.5% 30.3% 4.00 [IEX+PXIL, (MUs)] 3.50 3.00 2.50 Particular Q1 FY19 FY18 FY17 FY16 FY15 2.00 Average merchant 1.5
Slide 7: Installed Capacity
Installed Capacity Sector-wise Installed Capacity – 343.9 GW Segment-wise Installed Capacity (As on June 30, 2018) (as on June 30, 2018) Total: 69.0 GW # Total: 84.6 GW # Total: 103.8 GW # RES +110 MW * Central -214 MW * 20.1% State 24.6% 30.2% Total: 45.4 GW # Hydro Total: 222.7 GW # + 110 MW * 13.
Slide 8: Indian Economy and Thermal Coal Prices
Indian Economy and Thermal Coal Prices Industrial production (IIP) growth moderated to 3.2% in May 2018. Thermal coal prices rise , while INR depreciates in Q1FY19 The rising crude prices along with the rise in US bond yields made API 4 Coal (monthly avg.) USD/INR (monthly avg.) Indexed the rupe
Slide 9: Agenda
Agenda Business Environment Operational and Financial Performance 9
Slide 10: Power Generation
Power Generation Q1 Plant-wise Net Generation 5% Q1 FY18 Q1 FY19 6,400 6,086 19% 31% 14% 35% 2,209 2,032 1,445 1,556 1,443 1,651 1,190 960 Vijayanagar Ratnagiri Barmer Hydro Total Particulars Q1 FY19 Q1 FY18 Remarks PLF – Vijayanagar 55% 69% Decline due to lower contracted power with Karnataka disco
Slide 11: Consolidated Financial Results
Consolidated Financial Results ` Crore Particulars Q1 FY19 Q1 FY18 Turnover 2,428 2,334 EBITDA 844 976 EBITDA Margin(%) 35% 42% Interest 313 401 Depreciation * 290 243 Profit Before Tax 241 332 Profit After Tax 229 217 Diluted EPS (`) # 1.40 1.33 * Depreciation for Q1FY19 is higher by Rs. 49 cr. due
Slide 12: Consolidated Financial Highlights
Consolidated Financial Highlights Particulars, as at Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Net Worth (` Crore) 11,581 11,110 11,469 11,259 Net Debt (` Crore) 11,382 11,278 11,896 12,679 Net Debt to Equity Ratio (x) 0.98 1.02 1.04 1.13 Weighted Average Cost of Debt 8.97% 9.03% 9.04% 9.3
Slide 13: Entity-wise Summary Financial Performance
Entity-wise Summary Financial Performance ` Crore Income from Operations EBITDA Particulars Q1 FY19 Q1 FY18 Q1 FY19 Q1 FY18 Standalone 1,311 1,122 259 306 RWPL 637 537 265 226 HBPCL 366 513 337 499 JPTL 22 22 21 22 Consolidated * 2,361 2,232 844 976 * After inter-company adjustments and eliminations
Slide 14: 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 15: Thank you
Thank you 15