Gmr Power And Urban Infra Ltd · NSE:GMRP&UI
Gmr Power And Urban Infra — Q1 FY2025 Earnings Presentation
38 slides from Gmr Power And Urban Infra's earnings presentation, Aug 15, 2024
Slide 1: Stock exchange cover letter
August 15, 2024 BSE Limited, National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, G Block, Dalal Street, Bandra-Kurla Complex, Bandra (E) Mumbai 400001 Mumbai - 400051 Scrip: 543490 Symbol: GMRP&UI Dear Sir/Madam, Sub: Investor Presentation Ref: Disclosure u
Slide 2: GMR Power and Urban Infra Ltd. Investor Presentation Q1FY25
GMR Power and Urban Infra Ltd. (GPUIL) Investor Presentation Q1FY25 Humility | Entrepreneurship | Teamwork & Respect for Individual | Deliver the Promise | Learning & Inner Excellence | Social Responsibility | Financial Prudence - Frugality 0
Slide 3: Disclaimer
DISCLAIMER All statements, graphics, data, tables, charts, logos, names, figures and all other statements relating to future results of operation, financial condition, business information (“Contents”) contained in this document (“Material”) is prepared by GMR prospects, plans and objectives, are ba
Slide 4: Table of Contents
Table of Contents Particulars Pg. No. Overview 3–4 Key Business Highlights 5–6 Financial Performance 7 – 10 - Energy Business 11 – 15 - Transportation and Urban Infrastructure Business 16 – 21 Strategy and Way Forward 22 – 25 ESG Practices 26 – 27 Annexures 30 – 36 Humility | Entrepreneurship | Team
Slide 5: Snapshot of Businesses
Snapshot of Businesses Energy Highways & EPC Urban Infra ❑ 2 Coal Plants ❑ Solar ❑ 2 Annuity Projects Special Investment Operational 26 MW 133 kms Region (SIR) 1,650 MW ❑ 2 Wind Plants ❑ 1 Toll Project* Under-development 3.4 MW 35 kms ❑ ~770 acres in 350 MW Tamil Nadu Land at strategic ❑ Gas Plants
Slide 6: Corporate Structure
Corporate Structure GMR Power and Urban Infra Ltd. (GPUIL) 100% 82% 100% 100% Special Investment GMR Energy Other Energy Assets GMR Highways Ltd. Region Operational Projects Stake Operational Projects Stake Annuity Projects Stake Strategic Land Stake Parcel Warora Plant (Coal) 92.0% Rajahmundry Plan
Slide 7: Key Business Highlights
Key Business Highlights ▪ GMR Hyderabad Vijayawada Expressways Private Limited (GHVEPL) and NHAI2 decided to amicably settle all the pending disputes without further intervention of court / tribunal. Consolidating Assets ▪ In this regard a settlement agreement was signed between NHAI and GHVEPL acco
Slide 8: Key Business Highlights
Key Business Highlights Energy 2.0 Strategy - Capturing New Growth Opportunities in Adjacent Business areas FY22 – Key Business highlights ▪ GMR Smart Electricity Distribution Private Limited (GSEDPL), a wholly-owned subsidiary1 of GPUIL, had received Letter of Award (LOA) from two UP Discoms3, to i
Slide 9: Performance Highlights
Performance Highlights Humility | Entrepreneurship | Teamwork & Respect for Individual | Deliver the Promise | Learning & Inner Excellence | Social Responsibility | Financial Prudence - Frugality
Slide 10: GPUIL Performance Highlights – Q1FY25
GPUIL Performance Highlights – Q1FY25 Consolidated Financials1 ▪ Total Income • ▼2% QoQ; ▲46% YoY to INR 17.4bn • YoY Growth mainly driven by consolidation of GMR Energy Ltd. (GEL) entities ▪ EBITDA • ▲11% QoQ;▲~1.5x YoY to INR 6.4bn with EBITDA margins at 38% (margins up by 15% YoY) • YoY increase
Slide 11: GPUIL Operational Performance Highlights
GPUIL Operational Performance Highlights Energy - PLFs Highways – Avg. Daily Traffic ('000) Q1FY2024 Q1FY2025 FY2024 Q1FY2024 Q1FY2025 YoY (%) FY2024 Warora 90% 93% 83% Hyderabad - Vijaywada 26.5 27.0 2% 26.0 Kamalanga 82% 92% 82% Ambala - Chandigarh 39.3 50.4 28% 38.2 Bajoli Holi 66% 78% 45% Total
Slide 12: GPUIL Consolidated Debt
GPUIL Consolidated Debt Gross & Net Debt Net Debt (Sector-wise)^ (in INR bn) ^ (in INR bn, %age of total) Energy, 58, 61% Others, 1, 2% SEZ, 2, 2% Highways, Corporate, 7, 7% 26, 28% ▪ Gross Debt decreased by INR 8.4bn QoQ mainly due to repayment by Hyderabad Vijayawada post settlement with NHAI ▪ Ne
Slide 13: Energy Business
Energy Business Humility | Entrepreneurship | Teamwork & Respect for Individual | Deliver the Promise | Learning & Inner Excellence | Social Responsibility | Financial Prudence - Frugality
Slide 14: Key Developments – Energy Business: Warora
Key Developments – Energy Business Warora Power Project Q1FY25 FY24 ▪ Total Income – ▲30% YoY to INR 5.9bn ▪ Total Income – INR 19.1bn • Primarily due to higher PLF and higher tariff • PLF at 83% • PLF at 93% vs. 80% in Q4FY24 and 90% in Q1FY24 ▪ EBITDA – INR 5.7bn ▪ EBITDA ▲76% YoY to INR2.4 bn • E
Slide 15: Key Developments – Energy Business: Kamalanga
Key Developments – Energy Business Kamalanga Power Project Q1FY25 FY24 ▪ Total Income ▲3% YoY to INR 8.1bn ▪ Total Income – INR 29.5bn • Increase due to higher PLF and higher tariff • PLF at 82% • PLF at 92% vs. 85% in Q4FY24 and 82% in Q1FY24 ▪ EBITDA – INR 11.0bn ▪ EBITDA ▲4% YoY to INR 3.0bn • EB
Slide 16: Key Developments – Energy Business: Bajoli Holi
Key Developments – Energy Business Bajoli Holi Hydro Power Project Q1FY25 FY24 ▪ Total Income ▲28% YoY to INR 1.7bn ▪ Total Income – INR 4.3bn • PLF at 78% vs. 13% in Q4FY24 and 66% in Q1FY24 (driven by • PLF at 45% seasonality) ▪ EBITDA – INR 3.2bn ▪ EBITDA at INR 1.5bn vs INR 1.0bn in Q1FY24 • EBI
Slide 17: Key Energy Assets - Operational & Financial Highlights YoY
Key Energy Assets - Operational & Financial Highlights YoY (figures in INR mn) Warora Kamalanga Solar Bajoli Holi Particulars Q1FY2024 Q1FY2025 Q1FY2024 Q1FY2025 Q1FY2024 Q1FY2025 Q1FY2024 Q1FY2025 Total Income 4,580 5,942 7,823 8,056 150 60 1,359 1,741 EBITDA 1,393 2,447 2,842 2,955 140 50 989 1,52
Slide 18: Transportation and Urban Infrastructure Business (T&UI)
Transportation and Urban Infrastructure Business (T&UI) Humility | Entrepreneurship | Teamwork & Respect for Individual | Deliver the Promise | Learning & Inner Excellence | Social Responsibility | Financial Prudence - Frugality
Slide 19: Key Developments – Highway Business
Key Developments – Highway Business Hyderabad Vijayawada Project ▪ Average Daily Traffic – Q1FY25: ▼1.0% QoQ and ▲2.1% YoY ▪ GMR Hyderabad Vijayawada Expressways Private Limited (GHVEPL) and NHAI2 decided to amicably settle1 all the pending disputes without further intervention of court / tribunal.
Slide 20: Key Developments – Highway Business
Key Developments – Highway Business Chennai ORR Project ▪ In view of amicable settlement of claims by Government of Tamil Nadu (GoTN), Madras High Court has withdrawn its Execution Petition filed in the Madras High Court ▪ Similarly, GoTN has also withdrawn its SLP pending before Supreme Court Pocha
Slide 21: Highway Business Assets Performance
Highway Business Assets Performance (figures in INR mn) Hyderabad - Vijayawada Ambala - Chandigarh GPEL Chennai ORR Particulars Q1FY2024 Q1FY2025 Q1FY2024 Q1FY2025 Q1FY2024 Q1FY2025 Q1FY2024 Q1FY2025 Total Income 1,236 1,296 192 343 212 332 205 245 EBITDA 599 618 140 270 149 153 134 116 Interest 713
Slide 22: Urban Infrastructure – Potential to Unlock Value
Urban Infrastructure – Potential to Unlock Value Krishnagiri Special Investment Region: ~770 acres ▪ ~100 acres under discussion for sale to an agency of Tamil Nadu Govt. ▪ Next phase of development being planned for ~55 acres ▪ ~120 acres leased to Industrial Clients ▪ Industrial cluster catering t
Slide 23: EPC in Dedicated Freight Corridor Projects
EPC in Dedicated Freight Corridor Projects DFCC’s Project Network Kanpur GMR’s stretch of work Mughalsarai GMR’s Scope and Highlights ▪ GMR along with JV partner has been awarded contract to construct a part of the DFC Eastern Corridor of ~450 km Contract ▪ Dedicated Freight Corridor is INR 820bn pr
Slide 24: Strategy and Way Forward
Strategy and Way Forward Humility | Entrepreneurship | Teamwork & Respect for Individual | Deliver the Promise | Learning & Inner Excellence | Social Responsibility | Financial Prudence - Frugality
Slide 25: Maximizing value of existing assets & Building a Tech Enabled Clean Energy business
Maximizing value of existing assets & Building a Tech Enabled Clean Energy business 3 pillars of our strategy going forward Nurture & Develop Enhance Value opportunities in Green of existing businesses Ecosystem • Aim to maintain high levels of • Clean energy solution for utilization of existing ass
Slide 26: Overarching Principles to Operationalise the Strategy
To Operationalise the Strategy We Envision to Follow 5 Overarching Principles Principles ` High focus on ` Build on our group’s Innovative, Asset- strengths and leverage Light, Platform-based infrastructure assets and Technology- Deploy efficient Invest in emerging and businesses of the oriented bus
Slide 27: Clearly Defined Strategies to Capitalize on the Attractive Industry Prospects
Clearly Defined Strategies to Capitalize on the Attractive Industry Prospects ▪ Expedite receipt / settlement of pending operational and litigation claims Highways ▪ Monetize the existing assets ▪ Conclude current monetization efforts • ~100 acres under sale to agency of Tamil Nadu Govt. in FY25 • N
Slide 28: ESG Practices
ESG Practices Humility | Entrepreneurship | Teamwork & Respect for Individual | Deliver the Promise | Learning & Inner Excellence | Social Responsibility | Financial Prudence - Frugality
Slide 29: ESG – Remain focussed on our sustainability journey
ESG – Remain focussed on our sustainabilty journey Environment Social Social ▪ Management Systems: CSR Spend (Q1 FY25) - INR 5.1 mn • GKEL, GWEL and Bajoli Holi are ISO 14001 certified for Environmental Total beneficiaries - Over 50,000 Management System • Both GKEL and GWEL are certified for Energy
Slide 30: Thank You
Thank You For further information, please visit Website: www.gmrpui.com or Contact: GPUIL-IR@gmrgroup.in Humility | Entrepreneurship | Teamwork & Respect for Individual | Deliver the Promise | Learning & Inner Excellence | Social Responsibility | Financial Prudence - Frugality
Slide 31: Annexures
Annexures Humility | Entrepreneurship | Teamwork & Respect for Individual | Deliver the Promise | Learning & Inner Excellence | Social Responsibility | Financial Prudence - Frugality
Slide 32: Annexures
Annexures Particulars No. Profitability Statement (Consolidated) A Financial Performance ▪ Energy Sector (Consolidated) B ▪ Warora (Standalone) C ▪ Kamalanga (Standalone) D ▪ Bajoli Holi (Standalone) E ▪ Highways Sector (Consolidated) F Note Some totals may not match due to rounding-off differences
Slide 33: Annexure A : GPUIL (Consolidated)
Annexure A : GPUIL (Consolidated) INR mn Particulars Q1FY2024 Q4FY2024 Q1FY2025 Revenue 11,242 16,345 16,119 Other Income 662 1,347 1,234 Total Income 11,904 17,692 17,352 Less: Revenue Share 534 552 566 Net Income 11,370 17,140 16,787 Total Expenditure 8,802 11,408 10,425 EBITDA 2,568 5,732 6,362 E
Slide 34: Annexure B : Energy Business (Consolidated)
Annexure B : Energy Business (Consolidated) INR mn Particulars Q1FY2024 Q4FY2024 Q1FY2025 Revenue 7,274 13,727 13,395 Other Income 274 980 864 Total Income 7,548 14,707 14,259 Operating Expenditure 7,129 9,802 9,343 EBITDA 419 4,905 4,917 EBITDA Margin 6% 33% 34% Interest and Finance Charges 384 2,6
Slide 35: Annexure C : Warora (Standalone) Power Plant
Annexure C : Warora (Standalone) Power Plant INR mn Particulars Q1FY2024 Q4FY2024 Q1FY2025 FY2024 Revenue 4,148 5,045 5,174 18,327 Other Income 432 87 768 753 Total Income 4,580 5,132 5,942 19,079 Fuel - Consumption 2,722 2,773 2,907 11,279 Other Expenses 465 575 589 2,076 EBITDA 1,393 1,784 2,447 5
Slide 36: Annexure D : Kamalanga (Standalone) Power Plant
Annexure D : Kamalanga (Standalone) Power Plant INR mn Particulars Q1FY2024 Q4FY2024 Q1FY2025 FY2024 Revenue 7,070 6,774 7,471 27,519 Other Income 753 566 585 2,027 Total Income 7,823 7,339 8,056 29,546 Fuel - Consumption 3,627 3,302 4,020 14,023 Other Expenses 1,354 998 1,081 4,503 EBITDA 2,842 3,0
Slide 37: Annexure E : Bajoli Holi (Standalone) Power Plant
Annexure E : Bajoli Holi (Standalone) Power Plant INR mn Particulars Q1FY2024 Q4FY2024 Q1FY2025 FY2024 Revenue 1,353 400 1,736 4,149 Other Income 6 150 5 175 Total Income 1,359 550 1,741 4,324 Other Expenses 370 175 219 1,171 EBITDA 989 375 1,521 3,153 EBITDA Margin 73% 68% 87% 73% Interest & Financ
Slide 38: Annexure F : Highway Business (Consolidated)
Annexure F : Highway Business (Consolidated) INR mn Particulars Q1FY2024 Q4FY2024 Q1FY2025 FY2024 Revenue 1,723 1,949 2,049 7,173 Other Income 88 61 130 221 Total Income 1,811 2,010 2,179 7,393 Less: Revenue Share 534 552 566 2,120 Net Income 1,277 1,458 1,613 5,273 Operating Expenditure 297 504 485
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