Cesc Ltd · NSE:CESC
Cesc — Investors' Conference February 2024
34 slides from Cesc's conference presentation, Feb 26, 2024
Slide 1: Intimation of Investors' Presentation (exchange cover letter)
DOC:SEC:906/2023-24/334 February 26, 2024 National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Plot No. C/1, Phiroze Jeejeebhoy Towers, G- Block, Bandra – Kurla Complex, Dalal Street, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 SCRIP CODE: 500084 SCRIP CODE: CESC Dear
Slide 2: CESC Limited
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by and is the sole responsibility of CESC Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitation or inducement to
Slide 4: RP-Sanjiv Goenka Group
Businesses @ RPSG RP-Sanjiv Goenka Group Engaged in generation and distribution of electricity by supplying reliable power to millions of Indian consumers. A global player and a national leader with portfolio of Carbon Black & Specialty Chemicals Group turnover of Domain driven BPM services company-
Slide 5: Numerous Legacies, Continuous Growth
Numerous Legacies Continuous Growth THE WORLD’S NO.1 CELEBRITY MAGAZINE Years R P S G - G R O U P P R E S E N TA T I O N 4
Slide 6: CESC: Illuminating lives for over a century
CESC: Illuminating lives for over a century NPCL Grater Noida India’s first fully integrated electrical Serves 4 million+ customers ▪ 2,140 MW generating stations CESC Rajasthan, utility company (since 1899) with across 6 locations in India meeting bulk of the power Bikaner CESC Rajasthan, business
Slide 7: Indian power sector trends (1/2)
Indian power sector trends (1/2) Demand expected to grow at a 4% CAGR Steady growth in per capita power consumption Total Installed Capacity as on Nov-23 (in GW) Demand (BU) Per Capita Power Consumption (Kwh) 2500 1327 1982 1208 1255 1122 1149 1181 1161 106 2000 1624 1200 1492 1500 1389 1381 900 218
Slide 8: Indian power sector trends (2/2)
Indian power sector trends (2/2) Indian thermal power plants’ load factor (PLF) Thermal PLFs bottomed in FY21 after they showed their first revival in a decade in FY19 but did not continue due to Covid. FY23 PLF grew 678bps. A structural rise forecasted in thermal PLFs and the good days for IPPs, Di
Slide 9: Renewables Growth In India
RE Generation Renewables Growth In India Increased PLFs and the focus on renewables should lead to much higher growth in generation in the coming years versus conventional power Capacity addition year-wise Source: CLSA Report Source: CLSA Report ▪ To reach 500GW renewable, the GOI plans to auction 5
Slide 10: Our presence in Distribution Business
Our presence in Distribution Business Presently serving more than 4 million Customers while handling around 4 GW power spanning across 1340 Sq. KM area. Area Peak Units Distribution Consumer load Revenue T&D (sq. sold (₹ Cr) contract base (MW loss (%) km) (MU) CESC, 2600+ Licensee 567 35 lakhs 10362
Slide 11: CESC Distribution - Kolkata
CESC Distribution - Kolkata ❑ One of India’s oldest electricity utility, operating since 1899 120+ years of experience ❑ Regulated Business : assured post-tax equity return approved by WBERC ❑ Customer Base 3.5 mn, Area 567 sq km, 21,000+ ckt km of network ❑ Annual Sales 10,362 MU (FY’23) , Peak dem
Slide 12: Leveraging Technology for better Outage Management
Leveraging Technology for better Outage Management RMU & PILLAR BOX SELF HEALING AUTOMATION NETWORK Faster Restoration Sensitive/ Essential premises Lesser Truck Rolls Easier System Operations EXTENSIVE OFC NETWORK SCADA 1500 KM IMPLEMENTATION First in India by any DISCOM Less Dependency on Telcos.
Slide 13: Industry 4.0 adoption in Operations
Industry 4.0 adoption in Operations Cloud IoT Sensors for Harnessing the power Blockchain adoption to Real-time of AR / VR / MR for P2P Energy accelerate IT monitoring of Grid faster response time Trading modernization Fueling utility State of the art IT Deriving Efficiency Mobility innovation throu
Slide 14: Intelligent Outage Management
Intelligent Outage Management 1 2 SMS sent to Smart meter Consumer Complaints consumer with / Automated @ 1912 Complaint management expected Outage Alert 24X7 Available system restoration time 3 Informed & 24 X 7 Surveillance Monitoring & Feedback collected Control 6 Supply Restored 5 Navigation to
Slide 15: Operating Performance – Kolkata Distribution
Operating Performance – Kolkata Distribution Sales (MU) No. Of Consumers (Lakhs) 11,000 40 35 10,500 10,362 35 33 33 31 9,987 29 10,000 30 9,549 25 9,500 9,034 9,082 20 9,000 15 8,500 10 8,000 5 7,500 0 FY15 FY17 FY19 FY21 FY23 FY15 FY17 FY19 FY21 FY23 excluding banking Units Sold (MU) No. of consum
Slide 16: CESC Distribution – Noida Power Company Ltd.
CESC Distribution – Noida Power Company Ltd. Power Procurement JV with Distribution Area Dhariwal Greater Noida Started operations Greater Noida in Infrastructure Industrial December 1993 Uttar Pradesh /Medium Term/ Development 335 sq.km. Short Term/ Authority Renewables Power Demand- Population No.
Slide 17: Operating Performance - NPCL
Operating Performance - NPCL No. Of Consumers Peak Demand 592 580 1,40,000 1,35,214 1,700 563 522 530 1,17,753 1,449 497 1,20,000 1,400 480 446 1,06,707 433 1,250 430 426 97,682 1,147 429 1,00,000 1,100 374 91,234 380 1,073 343 82,231 935 333 330 80,000 800 832 305 280 FY 2017-18 FY 2018-19 FY 2019-
Slide 18: Load Growth Drivers In Greater Noida
Load Growth Drivers In Greater Noida Integrated Industrial Township, Data Centre Delhi Mumbai Industrial Corridor Greater Noida IT, BPO, Electronic Manufacturing Jewar International Airport- upcoming Greater Noida Metro Cluster (close vicinity of our licensed area) (already operational) Licensee are
Slide 19: CESC Distribution – Rajasthan
CESC Distribution – Rajasthan Particulars Kota Bharatpur Bikaner Three wholly owned subsidiaries in the three cities– Area (Sq. Km.) 176 50 155 • Kota Electricity Distribution Ltd • Bharatpur Electricity Services Ltd Population (Nos. Lakh) 11.76 2.52 6.44 • Bikaner Electricity Supply Limited Consume
Slide 20: Operating Performance – Rajasthan DFs
Operating Performance – Rajasthan DFs Gross T&D Loss Trajectory (%) Sales Units (MU) 1,432 24.43 BIKANER 21.05 1,016 1,016 960 27.43 18.14 889 849 BHARATPUR 12.98 745 19.39 14.41 13.89 683 671 638 667 14.75 13.21 509 13.48 KOTA 12.26 12.79 29.71 27.35 284 22.79 21.82 11.54 253 249 255 20.44 19.18 21
Slide 21: CESC Distribution – Malegaon
CESC Distribution – Malegaon Start of operations Distribution Area Concession Period Power Procurement (Commenced on Malegaon in 20 Years MSEDCL 1st Mar’20) Maharashtra Area No. of consumers Energy Input Energy Billed 57.6 sq.km. 1.3 lakh 1285 MU 782 MU Min. Capex p.a. Revenue Billed T&D Loss Collec
Slide 22: Operational Parameters- Key Performance Indicators
Operational Parameters- Key Performance Indicators Collection efficiency Loss reduction from more improved from around than 50% to 39% 89% to 95% 30 MVA of Power 235 MW Peak Demand Transformer Capacity met added Commissioned 252 Nos. Around 40 KM HT & LT Distribution Transformers Network developed 2
Slide 23: Our presence in Generation Business
Our presence in Generation Business Installed Units PLF Offtake FUEL State Capacity Generated SECURITY (FY’23) Arrangement (MW) (MU) – CESC’s Generation FY’23 Footprint Budge Budge • CIL Linkage • Coal Mine Generating Station West Bengal 3* 250 5331 81% CESC, Kolkata • E-auction (TPP) Southern • CIL
Slide 24: Power Generation - Kolkata
Power Generation - Kolkata Stations Budge Budge- BBGS Cumulative Capacity Assured Post Tax (3x250MW) 885 MW Equity Return Southern- SGS (2x67.5MW) Budge Budge- BBGS (3x250MW) BBGS Best among TPPs commissioned before BBGS ranked among top 2008 in India Fuel sourcing with captive thermal stations for
Slide 25: Power Generation – Other Facilities
Power Generation – Other Facilities 600 MW Haldia Thermal Power Project 600 MW Chandrapur Thermal Power Project First Independent Power Plant of CESC Crescent Power • Generating Station: 2x300 MW Thermal • Generating Station: 2x300 MW in Power Plant Chandrapur, near Nagpur • Generating Station: 40 M
Slide 26: Generation Business – Operational Performance
Generation Business – Operational Performance FY19 FY20 FY21 FY22 FY23 9M FY24 Capacity Sent Sent Sent Sent Sent Sent Out (MW) Out PLF % Out PLF % Out PLF % Out PLF % Units PLF % Out PLF % Units Units Units Units Units (MU) (MU) (MU) (MU) (MU) (MU) Budge Budge 750 5552 91.5% 5352 88% 5003 82.5% 5132
Slide 27: Focus ahead: Diversifying towards a Greener Future
Focus ahead: Diversifying towards a Greener Future • CESC is exploring investments in renewables energy generation space (up to 3GW Hybrid Portfolio) in more than one states in India. • 250 acres of Land in Bikaner under Physical Possession and in advanced stages of 3 GW Renewable acquisition for 20
Slide 28: Green Hydrogen
Green Hydrogen 2. Hydrogen's Role: Green Hydrogen will be a key element in delivering 1. Technological Insight 90% of the required reductions, with 75% achievable through renewable power and the electrification of heat and transport. Green hydrogen is produced using renewable energy sources to split
Slide 29: Annual Financial Performance
Annual Financial Performance Standalone Financials REVENUE (in Cr) EBITDA (in Cr) PAT (in Cr) 2,144 937 918 7,982 8,153 2,111 7,919 2,081 830 2,019 815 816 7,479 7,102 6,882 1,811 1,808 570 FY19 FY20 FY21 FY22 FY23 9M FY24 FY19 FY20 FY21 FY22 FY23 9MFY24 FY19 FY20 FY21 FY22 FY23 9M FY24 Consolidated
Slide 30: Financial Performance - Consolidated
Financial Performance - Consolidated EPS (in Rs.) (in Rs) 4.50 4.50 4.50 10.25 10.13 10 9.8 2.00 1.75 8.9 1.20 0.90 1.00 1.00 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 Interim dividend of Rs.4.50/share declared on 19th Jan 2024. Fixed assets (Rs. Cr.) Net worth (Rs. Cr.)
Slide 31: Financial Performance of Key Subsidiaries
Financial Performance of Key Subsidiaries FY`22 FY`23 9MFY24 Revenue EBITDA PAT Revenue EBITDA PAT Revenue EBITDA PAT (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) CESC Ltd 12820 3800 1405 14555 3734 1397 12084 3079 1032 (Consolidated) CESC Ltd 7479 2019 8
Slide 32: High on ESG Commitment
High on ESG Commitment ✓ 4.76% reduction in GHG intensity in FY 22-23. ✓ Achieved specific water consumption below the statutory limit of 3.5 cubic metres per MWh ✓ 1,95,638 tCO2 offset ✓ Achieved water intensity of 2.12 KL/MWh at generating stations ✓ 3 lakh plus trees planted offsetting 1.96 lakh
Slide 33: Green Buildings at CESC
Green Buildings at CESC CESC House -First Chakmir Substation (CESC Ltd) Heritage Building NPCL Customer Care Office RPSG House – Certified as Park Circus Substation – HEL Admin Building - – First Substation to be certified as “LEED v 4.1 – Certified as “LEED Gold” “LEED (v 4.1) Platinum in Certified
Slide 34: Thank You
Thank You Company Details: CESC Limited Head Office: CESC House, Chowringhee Square, Kolkata - 700001 Investor Enquiries: Mr. Saket Sah, Head - Investor Relations Email- saket.sah@rpsg.in Mobile- 9702027569 Mr. Pankaj Kedia, Vice-President - Investor Relations Email- pankaj.kedia@rpsg.in 33 Mobile-