Sjvn Limited · NSE:SJVN
Sjvn — Non-Deal Roadshow (June 2023)
37 slides from Sjvn's roadshow presentation, June 2023
Slide 1: SJVN Limited Corporate Presentation
SJVN Limited Corporate Presentation June 2023
Slide 2: Disclaimer
Disclaimer By attending the meeting/telephonic call where this presentation is made, you agree to be bound by the trailing restrictions regarding the information disclosed in this presentation. This presentation has been prepared by SJVN Limited (the “Company”) and is of general background informati
Slide 3: Table of Contents
Table of Contents 1 Company Profile 4 2 Operational & Financial Highlights 17 3 Industry Overview 21 4 Investment Highlights 23 5 Annexures 25 3
Slide 4: Company Profile
VN Company Profile
Slide 5: Company Overview
Company Overview 1. Incorporated in 1988, SJVN is a Mini Ratna, Category I and Schedule A CPSE Strong Presence across Major Power Generating States 2. Declared as ‘Most Efficient and Profitable Mini Ratna’ in the PSU Award of the Year 2020 by The Dalal Street Investment Journal 3. One of the largest
Slide 6: Project Portfolio - Power Generation (1/3)
Project Portfolio - Power Generation (1/3) Project Phase S.N. Project Location Capacity (In MW) Expected COD Operational Under Construction Under Pre-Construction Hydro 1 Nathpa Jhakri Hydro Power Station Himachal Pradesh 1,500 - - Operational 2 Rampur Hydro Power Station Himachal Pradesh 412 - - 3
Slide 7: Project Portfolio - Power Generation (2/3)
Project Portfolio - Power Generation (2/3) Project Phase S.N. Project Location Capacity (In MW) Expected COD Operational Under Construction Under Pre-Construction Solar 1 Charanka Solar Power Plant Gujarat 5.6 - - 2 Grid connected SPP at NJHPS Himachal Pradesh 1.3 - - Operational 3 Parasan Solar Pow
Slide 8: Project Portfolio - Power Generation (3/3)
Project Portfolio - Power Generation (3/3) Project Phase S.N. Project Location Capacity (In MW) Expected COD Operational Under Construction Under Pre-Construction Solar 15 BBMB Ground Mounted SPP Punjab (10) + HP (8) - - 18 16 GUVNL SPP Phase XIV Gujarat - - 260 17 Maharashtra SPP Phase VII Maharash
Slide 9: Transmission Line Projects
Transmission Line Projects Project Phase S.N. Transmission Projects Location Length (In Km) Expected COD Operational Under Construction Transmission Line Projects 1 400 kV Transmission Line (CPTC- JV- 26% share) Bihar 86 - - 2 400 kV Double Circuit Transmission Line Nepal - 217 December 2023 3 220 k
Slide 10: Well Positioned to grow Exponentially
Well Positioned to grow Exponentially Capacity Addition due to Identified Projects (MW) Vision Long Term Vision 25,000 MW 50,000 MW 50,000 Vision 5,000+ MW 25,000 20,000 15,000 12,500 Operational Projects 9,500 7,750 5,857 2,017 2,017 2,092 FY21 FY22 FY23 FY24E FY25E FY26E FY27E FY28E FY29E FY30E FY
Slide 11: Capex Plan to Support Project Execution
Capex Plan to Support Project Execution YoY capex vis-a-vis funding guidance (INR Crores) 1. Securitization of existing assets – INR 7,500–8,000 Crores 2. By 2024, debt funding of INR 10,000 Crores is expected 3. Bonds, ECBs and other market instruments may be used for project funding 4. Internal ac
Slide 12: Key Projects Highlights (1/5)
Key Projects Highlights (1/5) Nathpa Jhakri Hydro Power Station (NJHPS) Rampur Hydro Power Station Operational - Since May 2004 Construction – 2007 | Operational – December 2014 Installed Capacity – 1,500 MW Installed Capacity – 412 MW Tariff – INR 2.36 per unit Tariff – INR 4.17 per unit Approved P
Slide 13: Key Projects Highlights (2/5)
Key Projects Highlights (2/5) Dhaulasidh HEP Arun – 3 HEP Construction – 2021 Construction – 2017 Installed Capacity – 66 MW Installed Capacity – 900 MW Tariff – INR 4.46 per unit Tariff – INR 4.00 per unit Approved Project Cost – INR 688 Crores Approved Project Cost – INR 5,724 Crores Design Energy
Slide 14: Key Projects Highlights (3/5)
Key Projects Highlights (3/5) Naitwar Mori HEP Lower Arun HEP Construction – 2017 Installed Capacity – 669 MW Installed Capacity – 60 MW Tariff – INR 4.99 per unit Updated Project Cost – INR 1,272 Crores Estimated Project Cost – INR 4,797 Crores Design Energy – 216 MU Design Energy – 2,901 MU Other
Slide 15: Key Projects Highlights (4/5)
Key Projects Highlights (4/5) Raghanesda Solar Project Omkareshwar Solar Project Construction - started in 2022 Construction - started in 2022 Installed capacity - 100 MW Installed capacity - 90 MW Tariff – INR 2.64 per unit Tariff – INR 3.26 per unit Estimated project cost – INR 642 Crores Estimate
Slide 16: Key Projects Highlights (5/5)
Key Projects Highlights (5/5) BBMB Floating Solar Project Gurhah Solar Project Construction – April, 2023 Construction - started in 2022 Installed Capacity – 15 MW Installed capacity - 75 MW Tariff – INR 3.26 per unit Tariff – INR 2.98 per unit Estimated Project Cost – INR 90 Crores Estimated projec
Slide 17: Seasoned Management Team
Seasoned Management Team Nand Lal Sharma Chairman & Managing Director • Joined SJVN in 2008 • Holds M. Sc. and MBA degrees. • Vast experience of 33 years in the State Government as well as PSUs and served as an Officer of Himachal Pradesh Administrative Services Functional, Nominee & Independent Dir
Slide 18: Operational & Financial Highlights
Operational & Financial Highlights
Slide 19: Operational Highlights
Operational Highlights Installed Power Generation Capacity (MW) Gross Power Generation (In MU) 9,680 9,678 9,536 9,500 2091.5 9,335 9,280 9,223 9,208 9,200 9,100 9,045 8,950 8,765 8,705 8,705 8,704 8,700 8,675 8,598 8,576 2015.5 2016.5 2016.5 8,435 2003.5 1965.2 1971.4 FY17 FY18 FY19 FY20 FY21 FY22
Slide 20: Financial Highlights
Financial Highlights Consistent Revenue & Margin Profile1 & 2 Return Ratios Consistently Paying Dividend INR Cr INR Cr 76% 76% 75% 76% 12.2% 13.0% 12.9% 120 0 81% 120 % 72% 11.4% 59% 62% 3,50 0 90% 14. 0% 71% 49% 55% 49% 9.8% 80% 100 0 3,00 0 12. 0% 70% 70% 2,50 0 60% 10. 0% 12.2% 11.5% 7.5% 800 20%
Slide 21: PPA Commitments
PPA Commitments Allocation Capacity Tenure (Years) Project Parties of PPA State Total Pipeline1 - 6530 MW (MW) (%) Total Balance2 UT Chandigarh Chandigarh 8 0.5% 35 17 Delhi Transco Ltd Delhi 142 9.5% 35 17 Haryana Vidyut Prasaran Nigam Haryana 64 4.3% 35 17 3,004 Himachal Pradesh State Electricity
Slide 22: Industry Overview
VN Industry Overview
Slide 23: Industry Growth Drivers
Industry Growth Drivers India’s Installed Power Generation Capacity (GW) Per Capita Electricity Consumption Worldwide in 2021 (KwH) 404 408 410 416 450 384 393 367 371 375 Iceland 52,980 400 Ambitious target of 500 Norway 350 27,529 GW RES by 2030 300 250 Qatar 17,670 200 Sweden 16,538 114 118 121 1
Slide 24: Investment Highlights
VN Investment Highlights
Slide 25: Investment Highlights
Investment Highlights Sovereign Parentage: Backed by GOI and Govt. of Himachal Pradesh which reposing stakeholders’ confidence in the company Strong Track Record: Execution/operational experience of 35 years with well diversified portfolio of renewable & thermal power generation, transmission line &
Slide 26: Annexures
VN Annexures
Slide 27: Consolidated Income Statement
Consolidated Income Statement Particulars – INR Crores FY20 FY21 FY22 FY23 Revenue from Operations 2,702.80 2,485.39 2,417.00 2,938.35 Other Income 400.71 737.45 217.78 344.15 Total Income 3,103.51 3,222.84 2,634.78 3,282.50 Employee Benefits Expenses 308.41 317.22 290.62 286.86 Finance Costs 268.07
Slide 28: Consolidated Balance Sheet (1/2)
Consolidated Balance Sheet (1/2) Particulars – INR Crores FY20 FY21 FY22 FY23 Assets Non-Current Assets Property, plant and equipment 8,049.70 7,979.17 7,844.00 8,480.06 Capital work-in-progress 2,233.21 4,293.38 8,369.05 15,673.87 Intangible Assets 1.45 27.86 21.50 9.43 Intangible assets under deve
Slide 29: Consolidated Balance Sheet (2/2)
Consolidated Balance Sheet (2/2) Particulars – INR Crores FY20 FY21 FY22 FY23 Equity and Liabilities Equity Equity Share Capital 3,929.80 3,929.80 3,929.80 3,929.80 Other Equity 8,121.28 8,861.38 9,240.54 9,929.74 Total Equity 12,051.08 12,791.18 13,170.34 13,859.54 Liabilities Non-Current liabiliti
Slide 30: Consolidated Cash Flow Statement (1/2)
Consolidated Cash Flow Statement (1/2) Particulars – INR Crores FY20 FY21 FY22 FY23 Profit before tax 1,971.50 2,185.13 1,306.72 1,725.18 Adjustment for: Depreciation and amortization 384.09 393.27 404.29 396.40 Interest on term deposits/ Interest from Contractors -217.95 -131.31 -112.31 -141.21 Sha
Slide 31: Consolidated Cash Flow Statement (2/2)
Consolidated Cash Flow Statement (2/2) Particulars – INR Crores FY20 FY21 FY22 FY23 Cash flow from financing activities: Repayment of borrowings -218.64 -238.74 -315.78 -3,448.75 Proceed from borrowings 105.99 183.01 4,711.62 10,279.41 Payment of lease liabilities -14.16 -5.74 -6.37 -9.16 Interest a
Slide 32: Projects Gallery
Projects Gallery Nathpa Jhakri Hydro Power Station (NJHPS) Khirvire Wind Power Station Rampur Hydro Power Station (RHPS) Charanka Solar Power Station Sadla Wind Power Station 32
Slide 33: Awards & Accolades
Awards & Accolades • SJVN has been given Silver Shield for Speedy Execution of RHPS • SJVN conferred with “Best performing hydro power utility” award by Central Board of Irrigation and Power • SJVN has been conferred with SCOPE Meritorious Award • First Indian CPSU to acquire People Capability Matur
Slide 34: Recent Key Developments
Recent Key Developments ✓ SJVN bags another 200 MW Solar Project at ✓ SJVN expands footprint in wind energy; Secures Khavda Solar Park, portfolio nearing 49000 MW 100 MW Project from SECI ✓ Commenced construction of 1000 MW Solar ✓ CCEA approves Investment of Rs. 2614 crore for Project in the CPSU t
Slide 35: Projects under Survey & Investigation
Projects under Survey & Investigation SN. Project Location Type Capacity (MW) 1 Devsari HEP Uttarakhand 194 2 Luhri Stage-II HEP Himachal Pradesh 228 3 Jangi Thopan Powari HEP Himachal Pradesh 804 4 Reoli Dugli HEP Himachal Pradesh 456 5 Purthi HEP Himachal Pradesh 234 6 Bardang HEP Himachal Pradesh
Slide 36: Projects under Survey & Investigation
Projects under Survey & Investigation SN. Project Location Type Capacity (MW) 18 Emra-I HEP Arunachal Pradesh 275 19 Emra-II HEP Arunachal Pradesh 390 20 Elango Arunachal Pradesh Hydro (10472.9) 180 21 Etabue Arunachal Pradesh 165 22 MoU with GRIDCO, Odisha for Hydro projects Odisha 1000 23 Jalvara
Slide 37: Thank You
Thank You