Powergrid Infrastructure Invesment Trust · NSE:PGINVIT
Powergrid Infrastructure Invesment Trust — POWERGRID Infrastructure Investment Trust — Q2 FY2025 Earnings Presentation
15 slides from Powergrid Infrastructure Invesment Trust's earnings presentation, November 2024
Slide 1: Investor Presentation Q2 & H1 FY 2025
POWERGRID POWERGRID Infrastructure Infrastructure Investment Investment Trust Trust Investor Presentation Q2 & H1 FY 2025
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 Sept 30, 2024) Major Unitholders FPI- 19.72% IC- 4.62% PF- 7.37% MF- 4.17% Individuals- 34.13% Others- 14.99% 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 Invest
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 –H1FY25
Operational Performance –H1FY25 Surpassing Availability Goals with POWERGRID’s O&M Management for PGInvIT Avg. Availability* - Q2FY25 Avg. Availability* - H1FY25 2.00% 1.98% 1.97% 2.00% 2.00% 2.00% 1.99% 1.98% 2.00% 1.82% 98.00% 98.00% 98.00% 98.00% 98.00% 98.00% 98.00% 98.00% 98.00% 98.00% VTL PKAT
Slide 8: Financial Performance – Q2FY25
Financial Performance – Q2FY25 Financials providing consistent, stable, visible returns for unitholders Financials (Consolidated) NDCF at SPVs NDCF at PGInvIT ( Q2FY2025 ) (₹ in mn) VTL Total Income 593 PKATL 133 • ₹ 3,290 mn PPTL 804 Operating Expenses PWTL 961 • ₹ 209 mn Total Debt PJTL ₹ 5,684 mn
Slide 9: Financial Performance – H1FY25
Financial Performance – H1FY25 Financials providing consistent, stable, visible returns for unitholders Financials (Consolidated) NDCF at SPVs NDCF at PGInvIT ( H1FY2025 ) (₹ in mn) Total Income VTL 1,084 PKATL 215 • ₹ 6,557 mn PPTL 1,601 Operating Expenses PWTL • ₹ 432 mn 1,808 Total Debt ₹ 5,684 m
Slide 10: Debt Profile
Debt Profile External Debt Bank Loan Rate of Tenor Loan Around 75% Debt (Drawn in Mar-22) Interest 16 years Outstanding repayment post 10 (as on Sept 30, 2024) Linked to 3- ~Rs.5,756 mn month T-bill; years ~Rs. 5,684 mn Reset on quarterly basis Interest Rate as on 30.09.2024 : 8.03% India’s First In
Slide 11: Distribution
Distribution 4.50 Distributions (₹ per unit) Total Distribution since IPO ₹ 3.00 Repayment per unit 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 of SPV Debt Treasury (Exempt) (10.4%) (0.3%) Div. ₹ 40.50 per unit* • ₹ 1.91 - Interest (Exempt) • ₹ 0.60 - Dividend (Taxable) (8.2%) • ₹ 0.
Slide 12: RTM Project Updates
RTM Project Updates 1 x 400 kV line bay at 765/400 kV Parli Substation for RE Interconnection • Allotted to POWERGRID Parli Transmission Limited on 02.01.2024 by CTUIL. • Implementation by : 31.12.2025 • Estimated Cost : ~ Rs. 25 Cr. • Tariff to be determined as per applicable CERC Regulations • Cap
Slide 13: Business Outlook
Business Outlook Balance 26 % of PKATL, PPTL, PJTL & PWTL Acquisitions • Approved in Boards of Sponsor & IM, awaiting Unitholder approval Opportunities & Challenges Targeted through debt Asset Sale by Other Developers Valuation by Independent • Huge investments, ~₹ 9 lakh Cr., in Transmission secto
Slide 14: 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 Q2FY25/Q2FY2025 Quarter ended Sept 30, 2024 PGInvIT POWERGRID Infrastructure Investment Trust IM Invest
Slide 15: Thank you
Thank you www.pginvit.in
POWERGRID Infrastructure Investment Trust — Q2 FY2025 Earnings Presentation on 6ix