Gmr Power And Urban Infra Ltd · NSE:GMRP&UI
Gmr Power And Urban Infra — Q3 FY2023 Earnings Presentation
36 slides from Gmr Power And Urban Infra's earnings presentation, Feb 14, 2023
Slide 1: Investor Presentation cover letter to exchanges
...... w.,R ~'OWER & URBANrNFRA February 14, 2023 BSE Limited, National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, G Block, Dalal Street, Bandra-Kurla Complex, Sandra (E) Mumbai 400001 Mumbai - 400051 · Scrip: 543490 Symbol: GMRP&UI Dear Sir/Madam, Sub: Inv
Slide 2: GMR Power and Urban Infra Investor Presentation
iS rban Infra “Inves } GMR Power-and U 7 (Sti or { 'f
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 Highlights of Q3FY23 5 Financial Performance 6–9 - Energy Business 10 – 12 - Transportation and Urban Infrastructure Business 13 – 18 Strategy and Way Forward 19 –23 ESG Practices 24 – 25 Annexures 27 – 34 2
Slide 5: Snapshot of Businesses
Snapshot of Businesses Energy Highways & EPC Urban Infra 2 Coal Plants Solar 2 Annuity Projects Special Economic 1,650 MW 26 MW 133 kms Zone (SEZ) in – operational & 350 2 Toll Projects MW under 2 Wind Plants ~1,178 acres in 3.4 MW 186 kms Tamil Nadu development Land at strategic
Slide 6: Corporate Structure
Corporate Structure GMR Power and Urban Infra Ltd. (GPUIL) 53.8% 82% 100% 100% Special Investment GMR Energy Other Energy Assets GMR Highways Ltd. Region Operational Projects Stake Operational Projects Stake Annuity Projects Stake Under Stake Development Warora Plant (Coal) 100% Rajahmundry Plant 45
Slide 7: Key Highlights – Q3FY23
Key Highlights – Q3FY23 FY22 – Key Business highlights • Achieved PLF of 89% and 75% in Warora and Kamalanga respectively against an All India Operational Average PLF of 51.7% Performance • Traffic (PCU) in Hyderabad Vijaywada and Ambala Chandigarh increased by 3.7% and 423% YoY respectively • Inter
Slide 8: Performance Highlights
Performance Highlights Humility | Entrepreneurship | Teamwork agi Relationships | Deliver the fe | Learning And Inner Excellence | Social Respofsibility | Reset for individuel
Slide 9: GPUIL Performance Highlights – Q3FY23
GPUIL Performance Highlights – Q3FY23 Consolidated Financials1 • Gross Revenues ▼8% QoQ; ▲50% YoY to INR 14.5 bn in Q3FY23 • EBITDA ▲2.2x QoQ; ▼23% YoY to INR 1.2 bn in Q3FY23 • Net Profit after Tax2 Profit of INR 3.4 bn in Q3FY23 vs INR 10.7 bn in Q2FY23, loss of INR 5.7 bn in Q3FY22 Revenue
Slide 10: GPUIL Performance Highlights – Q3FY23 operational performance
GPUIL Performance Highlights – Q3FY23 Operational performance o Warora: 89% vs 76% YoY Energy – PLF o Kamalanga: 75% vs 83% YoY o Bajoli Holi: 18% o Hyderabad - Vijaywada: ▲4% YoY Highways – PCU Traffic growth* o Ambala - Chandigarh: ▲5x YoY* Segmental Revenue# Net Revenue INR 14.0 bn Others 18.1% H
Slide 11: GPUIL Consolidated Debt
GPUIL Consolidated Debt Net Debt (Sector-wise) ^ Gross & Net Debt (INR bn) ^ (in INR bn, %age of total) Others, -0.4, -1% Corporate, 27.7, 59 9 55% 50 Highways, 20.0, 39% Gross Debt Cash & equivalents Net Debt Energy, 2.7, 5% Net debt reduced by ~INR 126 mn QoQ Note : FCCB not considered in debt, ^
Slide 12: Energy Business
Energy Business Humility | Entrepreneurship | Teamwork afi Relationships e fe | Learning And Inner Excellence | Social Respofsibility | Reset for individuel
Slide 13: Key Developments in Q3FY23 – Energy Business
Key Developments in Q3FY23 – Energy Business Warora Power Project • Revenue ▲60% QoQ; ▲13% YoY − PLF at 89% vs. 55% in Q2FY23 and 76% in Q3FY22 − Overhauling of Unit 1 and Unit 2 done in Q2FY23 • EBITDA ▲2.5x QoQ; ▲9% YoY • Cash profit of INR 806 mn vs. INR 339 mn in Q2FY23 and INR 426 mn in Q3FY22
Slide 14: GMR Energy Ltd - Operational & Financial Highlights YoY
GMR Energy Ltd (GEL) - Operational & Financial Highlights YoY (figures in INR mn) GEL Consolidated Warora Kamalanga Solar Bajoli Holi Particulars Proforma Q3FY2022 Q3FY2023 Q3FY2022 Q3FY2023 Q3FY2022 Q3FY2023 Q3FY2022 Q3FY2023 Q3FY2023 Revenue 11,140 13,530 3,825 4,313 6,627 8,090 150 150 282 EBITDA
Slide 15: Transportation and Urban Infrastructure Business (T&UI)
Transportation and Urban Infrastructure Business (T&UI)
Slide 16: Highway Business - Key Developments
Highway Business - Key Developments Hyderabad Vijayawada Project • Traffic ▲4.4% QoQ; ▲3.7% YoY to 11.7 mn PCUs in Q3FY23 − On February 28, 2022, Sole Arbitrator has released report on the claim quantification under Change-in-Law and awarded gross claim of INR 16.72 bn − Report submitted by Sole Arb
Slide 17: Highway Business - Key Developments
Highway Business - Key Developments Chennai ORR Project • GCORR received an award of INR 3.41 bn plus interest against GOTN/TNRDC1 − Supreme Court has upheld the Tribunal Award and dismissed the challenge of GOTN − SPV has filed execution petition in Madras High Court to realize the decretal amount.
Slide 18: Highway Business Assets Performance YoY
Highway Business Assets Performance YoY (figures in INR mn) Hyderabad-Vijaywada Ambala - Chandigarh GPEL Chennai ORR Particulars Q3FY2022 Q3FY2023 Q3FY2022 Q3FY2023 Q3FY2022 Q3FY2023 Q3FY2022 Q3FY2023 Revenue 576 642 30 186 120 110 212 190 EBITDA 472 546 (33) 130 69 57 148 130 Interest 693 714 169 1
Slide 19: Urban Infrastructure – Potential to Unlock Value
Urban Infrastructure – Potential to Unlock Value Krishnagiri Special Investment Region: ~1,178 Acres • ~165 acres under discussion for sale to an agency of Tamil Nadu Govt. • Next phase of development being planned for ~210 acres under Joint Venture with TIDCO1 • Industrial cluster catering to elect
Slide 20: EPC in Dedicated Freight Corridor Projects
EPC in Dedicated Freight Corridor Projects DFCC’s Project Network GMR’s Scope and Highlights • GMR along with JV partner has been awarded contract to construct a part of the Kanpur DFC Eastern Corridor: Contract Length GMR’s Scope Value (INR (KMs) bn) GMR’s stretch of work Mughalsarai to New Mughals
Slide 21: Strategy and Way Forward
Strategy and Way Forward Humility | Entrepreneurship | Teamwork agi Relationships | Deliver the fe | Learning And Inner Excellence | Social Respofsibility | Reset for individuel
Slide 22: India's Energy Sector is Undergoing a Paradigm Shift
India’s Energy Sector is Undergoing a Paradigm Shift A Renewables: Sharp growth expected in upstream B EV Infrastructure: Exponential growth in charging stations as renewable generation EV penetration grows 100%+ CAGR 175 GW 500 GW Target for 2022 Target for 2030 2.5-3k 80-100k # charging stations (
Slide 23: Maximizing value of existing assets & Building a Top Tier tech enabled Clean Energy business
Maximizing value of existing assets & Building a Top Tier tech enabled Clean Energy business 3 pillars of our strategy going forward Nurture & Develop Enhance Value opportunities in Green of existing businesses Ecosystem • Aim for higher utilization of • Continued focus on hydro existing assets & ef
Slide 24: 5 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 light, platform-based leverage and technology- Deploy efficient Invest in emerging infrastructure assets capital structure and Enter strate
Slide 25: Clearly Defined Strategies to Capitalize on the Attractive Industry Prospects
Clearly Defined Strategies to Capitalize on the Attractive Industry Prospects Expedite receipt of arbitration claims Highways Monetize existing assets in a phased manner Conclude current monetization efforts: o ~ 165 acres under sale to agency of Tamil Nadu Govt. in FY23 Krishnagiri SIR o Next
Slide 26: ESG Practices
ESG Practices Humility | Entrepreneurship | Teamwork afi Relationships e fe | Learning And Inner Excellence | Social Respofsibility | Reset for individuel
Slide 27: ESG
ESG Environment Social • GKEL, GWEL and Bajoli Holi are ISO 14001 certified Environmental CSR Spend (Q3FY23) - INR 10.06 mn Management System Total beneficiaries - Over 35,000 • GKEL and GWEL have ISO 50001 in place • GWEL Completed Green House Gas emission verification audit as per ISO • CSR activi
Slide 28: Thank You
Thank You For further information, please visit Website: www.gmrpui.com or Contact: GPUIL–IR@gmrgroup.in
Slide 29: Annexures
Annexures Humility | Entrepreneurship | Teamwork afi ela
Slide 30: 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 28
Slide 31: Annexure A : GPUIL (Consolidated)
Annexure A : GPUIL (Consolidated) INR mn Q3FY2022 Q2FY2023 Q3FY2023 9MFY2022 9MFY2023 Gross Revenue 9,641 15,807 14,474 28,908 40,968 Less: Revenue Share 410 460 477 1,104 1,419 Net Revenue 9,231 15,348 13,998 27,804 39,549 Total Expenditure 7,620 14,782 12,750 23,690 36,333 EBITDA 1,611 565 1,248 4
Slide 32: Annexure B : Energy Business (Consolidated)
Annexure B : Energy Business (Consolidated) INR mn Q3FY2022 Q2FY2023 Q3FY2023 9MFY2022 9MFY2023 Gross Revenue 5,223 9,236 10,331 15,052 25,040 Operating Expenditure 5,065 9,993 10,278 14,732 25,653 EBITDA 159 (758) 53 320 (613) EBITDA margin 3% -8% 1% 2% -2% Other Income 206 59 26 563 128 Interest &
Slide 33: Annexure C : Warora (Standalone) Power Plant
Annexure C : Warora (Standalone) Power Plant INR mn Particulars Q3FY2022 Q2FY2023 Q3FY2023 9MFY2022 9MFY2023 Total Revenue 3,825 2,695 4,313 8,826 11,572 Fuel - Consumption 2,323 1,760 2,694 5,385 7,037 Other Expenses 417 466 437 1,503 1,338 EBITDA 1,084 469 1,182 1,938 3,198 EBITDA margin 28% 17% 2
Slide 34: Annexure D : Kamalanga (Standalone) Power Plant
Annexure D : Kamalanga (Standalone) Power Plant INR mn H Particulars Q3FY2022 Q2FY2023 Q3FY2023 9MFY2022 9MFY2023 1 Total Revenue 6,627 7,338 8,090 18,160 22,758 Fuel - Consumption 3,139 4,765 4,696 9,009 12,722 Other Expenses 1,143 913 1,198 3,220 3,163 EBITDA 2,346 1,661 2,196 5,931 6,873 EBITDA m
Slide 35: Annexure E : Bajoli Holi (Standalone) Power Plant
Annexure E : Bajoli Holi (Standalone) Power Plant INR mn Particulars Q2FY2023 Q3FY2023 9MFY2023 Total Revenue 1,290 282 2,652 Fuel - Consumption - - - Other Expenses 273 140 700 EBITDA 1,018 142 1,953 EBITDA margin 79% 50% 74% Other Income 9 6 39 Interest & Finance Charges 860 940 2,716 Depreciation
Slide 36: Annexure F : Highway Business (Consolidated)
Annexure F : Highway Business (Consolidated) INR mn Q3FY2022 Q2FY2023 Q3FY2023 9MFY2022 9MFY2023 Gross Revenue 1,348 1,554 1,604 3,845 4,790 Less: Revenue Share 410 460 477 1,104 1,419 Net Revenue 938 1,094 1,128 2,741 3,371 Operating Expenses 155 301 237 713 809 EBITDA 782 793 890 2,029 2,562 EBITD
GMR Power and Urban Infra — Q3 FY2023 Earnings Presentation on 6ix