Jsw Energy Limited · NSE:JSWENERGY
Jsw Energy — Q3 FY2020 Earnings Presentation
17 slides from Jsw Energy's earnings presentation, Feb 4, 2020
Slide 1: JSW Energy Limited Q3FY20 Results Presentation
JSW Energy Limited Q3FY20 Results Presentation February 4, 2020
Slide 2: Key Highlights for Q3FY20
Key Highlights for Q3FY20 Debt restructuring agreement with Jaiprakash Power Ventures Ltd (JPVL) stands completed whereby the Company has acquired ~5% equity stake in JPVL, in addition to `120 Crore continuing as loan repayable from JPVL to the Company. Further, both parties have agreed to forego
Slide 3: Agenda
Agenda Business Environment Operational and Financial Performance 3
Slide 4: Demand Growth Trends
Demand Growth Trends 9M FY20* Q3 FY20* Q2 FY20 Q1 FY20 Remarks – Q3 Region YoY% YoY % YoY % YoY % (MUs) (MUs) (MUs) (MUs) (Key States impacting Demand - YoY) North 312,794 4.4% 84,734 -3.7% 118,952 7.8% 109,107 7.6% Rajasthan (-6.1%), UP (-4.4%) West 289,309 -1.9% 93,819 -8.6% 90,466 -2.4% 105,024 5
Slide 5: Generation and PLF Trends
Generation and PLF Trends Gross 9M FY20* Q3 FY20* Q2 FY20 Q1 FY20 YoY% YoY% YoY% YoY % Remarks Generation (MUs) (MUs) (MUs) (MUs) Thermal 779,623 -3.2% 244,769 -11.3% 247,134 -2.3% 287,720 4.0% • Overall generation growth Hydro 129,582 16.0% 33,541 18.4% 56,544 9.1% 39,498 25.1% declined 6.1% YoY in
Slide 6: Installed Capacity
Installed Capacity Sector-wise Installed Capacity – 368.8 GW Segment-wise Installed Capacity – 368.8 GW (As on December 31, 2019) (As on December 31, 2019) Total: 85.9 GW # Total: 92.8 GW # Total: 103.8 GW # RES, +3,319 MW * +1,300 MW * Central, State, +800 MW * 23.3% 25.2% 28.1% Hydro, Thermal, Tot
Slide 7: Average Merchant Tariff
Average Merchant Tariff Merchant Tariff Trend (`/unit) 6.00 Particulars Q3 FY20 Q2 FY20 Q3 FY19 YoY% QoQ% 5.00 Merchant Volume 11,113 12,967 12,968 -14% -14% (MUs) 4.00 Average merchant 2.83 3.16 4.28 -34% -10% tariff (`/unit) 3.00 Particular 9M FY20 FY19 FY18 FY17 FY16 2.00 Average merchant 1.00 3.
Slide 8: Indian Economy and Imported Thermal Coal Prices
Indian Economy and Imported Thermal Coal Prices USD/INR trend (monthly average) Industrial production (IIP) growth for Apr-Nov’19 stood at 0.6% on a YoY basis 72 Average imported coal (API4) prices witnessed a decline of 70 ~21% YoY however increased ~23% QoQ in Q3FY20 In Q3FY20, average rupee
Slide 9: Agenda
Agenda Business Environment Operational and Financial Performance 9
Slide 10: Power Generation
Power Generation Q3 Plant-wise Net Generation (MUs) 9M Plant-wise Net Generation (MUs) 4% 10% 24% 1% 15% 15% 20% 11% 13% 6% 17,872 17,147 5,116 5,560 5,524 5,488 4,580 4,806 1,753 4,640 3,931 2,867 2,165 1,271 1,002 1,969 1,457 730 689 802 Ni l 29 Ni l 10 Ni l Ni l 21 3 Vijayanagar Ratnagiri Barmer
Slide 11: Consolidated Financial Results
Consolidated Financial Results Q3FY20 Q3FY19 Particulars 9M FY20 9MFY19 ` Crore 2,016 2,492 Total Revenue 6,712 7,487 706 809 EBITDA 2,615 2,651 35% 32% EBITDA Margin(%) 39% 35% 261 295 Interest 803 916 293 293 Depreciation 879 876 151 221 Profit Before Tax (before exceptional items) 933 858 61 - Ex
Slide 12: Robust Balance Sheet
Robust Balance Sheet in ` Crore 13,000 1.10 in (x) 0.98 12,000 1.00 0.90 0.89 0.85 0.86 0.83 0.90 Net Worth (Rs Crore) 11,000 0.76 0.80 Net Debt* (Rs Crore) 10,000 Net Debt*/Equity (x) 0.70 9,000 0.60 8,000 0.50 Jun 30, Sept 30, Dec 31, Mar 31, Jun 30, Sep 30, Dec 31, 2018 2018 2018 2019 2019 2019 2
Slide 13: Items to Note in Q3FY20
Items to Note in Q3FY20 I. JPVL Loan Restructuring: Pursuant to restructuring of JPVL 752 280 ` Crore loan, the Company has written off ~`570 Crore of JPVL loan 120 which has been adjusted against reversal of existing provision 352 of ~`454 Crore and write-back of ~`177 Crore of JPVL contingent cons
Slide 14: Entity-wise Summary Financial Performance
Entity-wise Summary Financial Performance ` Crore Q3 FY20 Q3 FY19 Total Revenue# 9M FY20 9M FY19 1,126 1,553 Standalone 3,468 4,280 636 672 JSW Barmer 2,037 1,983 215 208 JSW Hydro 1,124 1,134 20 22 JPTL 60 61 2,016 2,492 Consolidated * 6,712 7,487 # Including Other Income 14 * After inter-company a
Slide 15: Entity-wise Summary Financial Performance
Entity-wise Summary Financial Performance ` Crore Q3 FY20 Q3 FY19 EBITDA 9M FY20 9M FY19 245 367 Standalone 824 935 276 270 JSW Barmer 802 759 170 166 JSW Hydro 989 1,001 19 21 JPTL 57 58 706 809 Consolidated * 2,615 2,651 * After inter-company adjustments and eliminations 15
Slide 16: Forward Looking and Cautionary Statement
Forward Looking and Cautionary Statement This presentation has been prepared by JSW Energy Limited (the “Company”) based upon information available in the public domain solely for information purposes without regard to any specific objectives, financial situations or informational needs of any parti
Slide 17: Thank you
Thank you 17