Jsw Energy Limited · NSE:JSWENERGY
Jsw Energy — Q2 FY2020 Earnings Presentation
16 slides from Jsw Energy's earnings presentation, Nov 1, 2019
Slide 1: JSW Energy Limited Q2FY20 Results Presentation
JSW Energy Limited Q2FY20 Results Presentation November 1, 2019
Slide 2: Key Highlights for Q2FY20
Key Highlights for Q2FY20 • Committee of Creditors approved the Company’s resolution plan under the corporate insolvency resolution process for Ind- Barath Energy (Utkal) Ltd, which owns a 700 MW under-construction thermal power plant in Odisha. The closure of the transaction shall be subject to app
Slide 3: Agenda
Agenda Business Environment Operational and Financial Performance 3
Slide 4: Demand Growth in Q2FY20 declines to 1.6%
Demand Growth in Q2FY20 declines to 1.6% H1 FY20* Q2 FY20* Q1 FY20 Remarks Region YoY % YoY % YoY % (MUs) (MUs) (MUs) (Key States driving Demand - YoY) North 227,944 7.7% 118,835 7.7% 109,108 7.6% Uttar Pradesh (Q2: 10.8%, H1: 10.6%) West 195,561 1.7% 90,537 -2.3% 105,024 5.4% Chhattisgarh (Q2: 17.0
Slide 5: Generation and PLF trends
Generation and PLF trends Gross H1 FY20* Q2 FY20* Q1 FY20 YoY% YoY% YoY % Remarks Generation (MUs) (MUs) (MUs) Thermal 534,506 0.9% 246,785 -2.5% 287,720 4.0% • Overall generation growth at -0.4% YoY in Hydro 96,004 15.1% 56,506 9.1% 39,498 25.1% Q2FY20 led by decline in Thermal and RES RES 75,065 2
Slide 6: Installed Capacity
Installed Capacity Sector-wise Installed Capacity – 363.4 GW Segment-wise Installed Capacity – 363.4 GW (As on September 30, 2019) (As on September 30, 2019) Total: 82.6 GW # Total: 91.5 GW # Total: 103.0 GW # RES, +2,797 MW * +4,900^ MW * Central , State, -2,063^ MW * 22.6% 25.0% 28.5% Hydro, Total
Slide 7: Average Merchant Tariff
Average Merchant Tariff Merchant Tariff Trend (`/unit) 6.00 Particulars Q2 FY20 Q1 FY20 Q2 FY19 YoY% QoQ% Merchant Volume 5.00 12,967 11,993 13,799 -6% +8% (MUs) Average merchant 4.00 3.16 3.29 3.83 -18% -4% tariff (`/unit) 3.00 Particular H1 FY20 FY19 FY18 FY17 FY16 2.00 Average merchant 3.22 3.85
Slide 8: Indian Economy and Imported Thermal Coal Prices
Indian Economy and Imported Thermal Coal Prices Industrial production (IIP) growth dipped to -1.1% YoY in Imported coal (API4) price and USD/INR indexed to Sep-18 Levels Aug’19, lowest since Nov’12; IIP growth for Apr-Aug’19 stood at 2.4% on a YoY basis Indexed API 4 Coal (monthly avg.) USD/INR (m
Slide 9: Agenda
Agenda Business Environment Operational and Financial Performance 9
Slide 10: Power Generation
Power Generation H1 Plant-wise Net Generation (MUs) Q2 Plant-wise Net Generation (MUs) 1% 0.4% 27% 4% 16% 16% 12,756 12,567 23% 14% 16% 9% 6,700 6,670 4,794 3,735 1,781 4,118 3,591 3,182 1,865 1,281 2,675 1,362 2,661 1,559 1,531 2,926 905 701 Ni l Ni l Ni l Ni l 9 7 9 3 Vijayanagar Ratnagiri Barmer
Slide 11: Consolidated Financial Results
Consolidated Financial Results ` Crore Q2 FY20 Q2 FY19 Particulars H1 FY20 H1 FY19 2,232 2,568 Total Revenue 4,696 4,996 1,048 998 EBITDA 1,909 1,842 47% 39% EBITDA Margin(%) 41% 37% 272 308 Interest 542 621 294 293 Depreciation 586 583 482 397 Profit Before Tax 782 637 353 316 Profit After Tax 597
Slide 12: Amongst the Strongest Balance Sheet in Power Sector
Amongst the Strongest Balance Sheet in Power Sector in ` Crore 13,000 1.20 in (x) 12,000 1.10 1.02 0.98 1.00 Net Worth (Rs Crore) 11,000 0.90 0.89 Net Debt* (Rs Crore) 0.85 0.86 0.83 0.90 10,000 Net Debt*/Equity (x) 0.80 9,000 0.70 8,000 0.60 Mar 31, Jun 30, Sept 30, Dec 31, Mar 31, Jun 30, Sep 30,
Slide 13: Entity-wise Summary Financial Performance
Entity-wise Summary Financial Performance ` Crore Q2 FY20 Q2 FY19 Total Revenue# H1 FY20 H1 FY19 1,150 1,339 Standalone 2,342 2,727 537 657 JSW Barmer 1,401 1,311 519 557 JSW Hydro 909 927 20 17 JPTL 40 39 2,232 2,568 Consolidated * 4,696 4,996 # Including Other Income 13 * After inter-company adjus
Slide 14: Entity-wise Summary Financial Performance
Entity-wise Summary Financial Performance ` Crore Q2 FY20 Q2 FY19 EBITDA H1 FY20 H1 FY19 284 309 Standalone 579 568 274 224 JSW Barmer 526 489 485 498 JSW Hydro 819 835 18 16 JPTL 38 37 1,048 998 Consolidated * 1,909 1,842 * After inter-company adjustments and eliminations 14
Slide 15: 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 16: Thank you
Thank you 16