Powergrid Infrastructure Invesment Trust · NSE:PGINVIT
Powergrid Infrastructure Invesment Trust — POWERGRID Infrastructure Investment Trust — Q4 FY2024 Earnings Presentation
16 slides from Powergrid Infrastructure Invesment Trust's earnings presentation, May 22, 2024
Slide 1: POWERGRID Infrastructure Investment Trust Investor Presentation Q4 & FY 2024
POWERGRID POWERGRID Infrastructure Infrastructure Investment Investment Trust Trust Investor Presentation Q4 & FY 2024 May 22, 2024
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: Presentation Outline
Presentation Outline Trust Structure PGInvIT Overview PGInvIT at a glance Operational PGInvIT Performance Financial Distribution Project Updates Business Outlook Glossary India’s First InvIT Sponsored by a Maharatna CPSE 3
Slide 4: PGInvIT Structure
PGInvIT Structure (as on March 31, 2024) Major Unitholders FPI- 20.79% IC- 7.00% PF- 7.40% MF- 4.58% Individuals- 30.93% Others- 14.30% Notes: 2. Holds 136.5 mn units 1. Balance 26% stake eligible for acquisition, after expiry of the lock-in conditions under the TSA. i.e. FPI-Foreign Portfolio Inves
Slide 5: PGInvIT at a glance
PGInvIT at a glance India’s 1st InvIT sponsored by a CPSE…. confidence of marquee investors…. ....powered by AAA – Assets….Assurance….Advantage Sponsor & Project Manager- POWERGRID 5 Operational and Revenue Perpetual ownership with Billing and Collection a Maharatna CPSE; one of Availability-based T
Slide 6: PGInvIT - Initial Portfolio Assets
PGInvIT- Initial Portfolio Assets Description VTL PKATL PPTL PWTL PJTL Andhra Pradesh Madhya Pradesh Location Himachal Pradesh Maharashtra Madhya Pradesh and Telangana and Maharashtra No. of lines & substations 2 lines 1 line; 1 S/S 3 lines; 1 S/S 4 lines; 1 S/S 1 line Line length (ckm) 956.84 2.47
Slide 7: Operational Performance – FY2024
Operational Performance –FY2024 Surpassing Availability Goals with POWERGRID’s O&M Management for PGInvIT POWERGRID’s Avg. Availability* - Q4FY24 Avg. Availability* - FY2024 expertise helps PGInvIT to achieve the best in industry 2.00% 2.00% 1.80% 1.80% 2.00% 1.98% 2.00% 1.83% 1.89% 1.94% availabili
Slide 8: Financial Highlights – FY2024
Financial Highlights – FY2024 Financials providing consistent, stable, visible returns for unitholders Financials (Consolidated) NDCF at SPVs NDCFNDCF at PGInvIT at PGInvIT ( FY2024 ) (₹ in mn) VTL Total Income 2,046.55 PKATL 468.19 • ₹ 13,027.22 Mn PPTL 3,062.43 >90% Operating Expenses upstreamed P
Slide 9: Financial Highlights – Q4FY2024
Financial Highlights – Q4FY2024 Financials providing consistent, stable, visible returns for unitholders Financials (Consolidated) NDCF at SPVs NDCF NDCF at PGInvIT at PGInvIT (Q4FY2024) (₹ in mn) VTL Total Income 586.14 PKATL 111.03 • ₹ 3,266.81 Mn PPTL 924.70 >90% Operating Expenses PWTL upstreame
Slide 10: Consolidated Financial Results
Consolidated Financial Results Rs. In million Particulars FY2024 FY2023 Total Revenue 13,027.22 13,152.91 Operating Cost 993.24 889.23 Earnings Before Interest Tax Depreciation & Amortisation 12,033.98 12,263.68 Finance Cost 468.71 414.33 Depreciation & Ammortization 3,154.12 3,148.15 PBT Before Imp
Slide 11: Debt Profile
Debt Profile External Debt Bank Loan Rate of Tenor Loan More than 78% of (Drawn in Mar-22) Interest 16 years Outstanding outstanding debt (as on March 31, 2024) Linked to 3- ~Rs.5,756 mn month T-bill; payable post 10 years ~Rs.5,698 mn Reset on quarterly basis Interest Rate as on 31.03.2024 : 8.21%
Slide 12: Distribution
Distribution 4.50 Total Distribution since IPO ₹ 34.50 per unit # ₹ 3.00 Distributions (₹ per unit) Repayment of Treasury per unit 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 SPV Debt (Exempt) (9.9%) (0.3%) Div. • ₹ 1.78 - Interest (Exempt) • ₹ 0.30 - Dividend (Taxable) (8.4%) Interest Div. •
Slide 13: RTM Project Updates
RTM Project Updates 1 X 125 MVAr, 420 kV Bus Reactor at 1 x 400 kV line bay at 765/400 kV Parli Kala Amb Substation along with 2 Nos. Substation for RE Interconnection associated bays • Allotted to POWERGRID Parli • Project allotted to PKATL under RTM Transmission Limited on 02.01.2024 • License fro
Slide 14: Business Outlook
Business Outlook Balance 26 % of PKATL, PPTL, PJTL & PWTL Acquisition • Matter being taken up with Sponsor in FY25 Opportunities Other Acquisition opportunities Targeted through debt ❑Asset Sale by Other Developers • Limited Acquisition opportunities at present, sector to see more assets Valuation b
Slide 15: Glossary
Glossary Term Description AUM Assets Under Management ckm circuit kilometres CPSE Central Public Sector Enterprise CTUIL Central Transmission Utility of India Ltd DOCO Date of Commercial Operation Q4FY24/Q4FY2024 Quarter ended September 30, 2023 PGInvIT POWERGRID Infrastructure Investment Trust IM I
Slide 16: Thank you
Thank you www.pginvit.in
POWERGRID Infrastructure Investment Trust — Q4 FY2024 Earnings Presentation on 6ix