Torrent Power Limited · NSE:TORNTPOWER
Torrent Power — Q1 FY2022-23 Earnings Presentation
24 slides from Torrent Power's earnings presentation, Aug 8, 2022
Slide 1: Filing cover letter to stock exchanges
m -torrenr w POWER August08,2022 To, To, Corporate Relationship Department Listing Department, BSE Ltd National Stock Exchange of India Ltd 14th Floor, P. J. Towers, "Exchange Plaza", C - 1, Block G Dalal Street, Fort, Bandra- Kurla Complex, Bandra (East), Mumbai-400 001 Mumbai 400 051 SCRIP CODE: 5
Slide 2: Torrent Power Limited Investor Presentation Q1 FY 2022-23
Torrent Power Limited Investor Presentation Q1 FY 2022-23
Slide 3: Disclaimer
DISCLAIMER This information may contain certain forward-looking statements/details in the current scenario, which is extremely dynamic and increasingly fraught with risks and uncertainties. Actual results, performances, achievements or sequence of events may be materially different from the views ex
Slide 4: Presentation Outline
PRESENTATION OUTLINE TORRENT GROUP TORRENT POWER LIMITED OVERVIEW OF OPERATIONS Q1 FY23 INVESTMENT RATIONALE FIVE YEAR TREND: KEY FINANCIAL & TECHNICAL STATISTICS
Slide 5: Torrent Group
TORRENT GROUP TORRENT PHARMACEUTICALS LIMITED • A generics pharmaceutical major with strong global footprint • Ranked in top 10 in Indian pharma market with leading position in niche therapeutic areas • Ranked No. 1 among Indian Pharma companies in Brazil, Germany & Philippines TORRENT POWER LIMITED
Slide 6: Torrent Group
TORRENT GROUP Turnover $ 2.89 Bn Market Cap $ 8.88 Bn Enterprise Value $ 10.37 Bn Employees 22,200+ Spreading smiles Illuminating Lives Not just healthcare… Lifecare Generating Trust. Distributing Opportunities. Turnover: $ 1.08 Bn Turnover: $ 1.81 Bn Building pan-India state-of-art Enterprise Value
Slide 7: Torrent Power Limited
TORRENT POWER LIMITED Spreading smiles Illuminating Lives Thermal Solar Wind Transmission Distribution - 2,730 MW - 263 - 138 MW oper- - 804.5 MW MW of - 430 MW of - 355 kms 400 kV - -Licensed Licensed: state-of-art gas ational capacity oper-ational operational & - 355128km Kms 400 kVof - 2730 MW of
Slide 8: Torrent Power Limited asset locations
TORRENT POWER LIMITED GUJARAT UTTAR PRADESH AMGEN (362 MW) Sabarmati, Agra Ahmedabad KARNATAKA DGEN (1200 MW) Dahej, Bharuch SUGEN & Kamrej, Surat Wind (120 MW) Gulbarga and UNOSUGEN Raichur, Karnataka (1530 MW) Wind (49.6 MW) Jamnagar Wind (251.6 MW) Kutch 03 Wind (50.9 MW) Rajkot 05 Wind (50.4 MW)
Slide 9: Portfolio of Assets: Thermal Generation
TORRENT POWER LIMITED PORTFOLIO OF ASSETS : THERMAL GENERATION Particulars Sugen Unosugen Dgen Amgen Capacity 1147.5 382.5 1200 362 (MW) (3 x 382.5) (1 x 382.5) (3 x 400) (1 x 120, 2 x 121) Plant Type Gas-based CCPP Gas-based CCPP Gas-based CCPP Coal Based Location Near Surat, Gujarat Near Surat, Gu
Slide 10: Portfolio of Assets: Renewable Generation
TORRENT POWER LIMITED PORTFOLIO OF ASSETS : RENEWABLE GENERATION Particulars Solar Wind Capacity (MW) 263 804.50 Gujarat,Maharashtra,Karnataka, Location Gujarat, Maharashtra & Telangana Rajasthan & Madhya Pradesh COD FY 12 to FY17 FY 12 to FY 19 Avg Tariff (₹/kWh) 7.46 3.96 • 352.50 MW with Company’
Slide 11: Portfolio of Assets: Licensed Distribution
TORRENT POWER LIMITED PORTFOLIO OF ASSETS : LICENSED DISTRIBUTION Ahmedabad/ Particulars Surat Dahej Gandhinagar Licensed Area ~ 356 sq. km. ~ 52 sq. km. ~ 17 sq. km. Peak Demand(FY22) 1,646 MW 689 MW 93 MW License validity Till 2025 Till 2028 Till 2034 Accolades / Highlights T&D loss 3.9% during
Slide 12: Portfolio of Assets: Licensed Distribution
TORRENT POWER LIMITED PORTFOLIO OF ASSETS : LICENSED DISTRIBUTION Dadra and Nagar Haveli and Daman Particulars Dholera SIR and Diu Power Distribution Licensed Area ~ 920 sq. km. ~603 sq. km. Peak Demand(FY22) - 1,150 MW License validity Till 2044 Till 2047 Accolades / Major project on DMIC, to be
Slide 13: Portfolio of Assets: Franchised Distribution
TORRENT POWER LIMITED PORTFOLIO OF ASSETS : FRANCHISED DISTRIBUTION Particulars Bhiwandi Agra Shil, Mumbra, Kalwa (SMK) Licensed Area ~ 721 sq. km. ~ 221 sq. km. ~65 sq. Km. Peak Demand 566 MVA 472 MVA 132 MVA (FY22) License validity 25th Jan 2027 31st March 2030 29th Feb 2040 Accolades / Country'
Slide 14: Overview of Operations – Q1 FY 2022-23
OVERVIEW OF OPERATIONS – Q1 FY 2022-23 Consolidated Financial Statement Q1 22-23 Q1 21-22 Growth % FY 21-22 (₹ in Cr.) Revenue from Operations 6,510 3,099 110% 14,257 Power Purchase Cost 4,724 1,902 8,520 Material Cost & Change in Inventory 299 36 557 Contribution 1,487 1,161 28% 5,180 Other Income
Slide 15: Overview of Operations – Q1 FY23
OVERVIEW OF OPERATIONS – Q1 FY23 The TCI for Q1 FY23 was higher by Rs. 294 Cr compared to Q1 FY22. The increase in TCI is on account of consolidation of new acquisitions, gain from sale of LNG and improvement in overall operating performance of the Company. Furthermore, the current quarter had one t
Slide 16: Q1 Thermal PLF / Net Generation
OVERVIEW OF OPERATIONS – Q1 FY23 Q1 Thermal PLF(%)/ Net Generation(MUs) 94.7% 685 MUs 73.4% 69.6% 67.0% 596 MUs 1633 500 MUs MUs 42.1% 38.4% 2729 2229 MUs 22.6% MUs 19.5% 550 9.6% 1241 MUs MUs 0.8% 0.0% 0.0% 556 MUs 6 MUs SUGEN UNOSUGEN DGEN GAS PLANTS AMGEN THERMAL 1147.5 MW 382.5 MW 1200 MW 2730 M
Slide 17: Q1 Renewable PLF / MUs Dispatched
OVERVIEW OF OPERATIONS – Q1 FY23 Q1 Renewable PLF (%)/ MUs Dispatched 33.4% 32.1% 403 469 MUs MUs 19.6% 18.5% 56 91 MUs MUs 264 MUs WIND 804.5 MW SOLAR 213 MW Q1 21-22 Q1 22-23 Note: For fair comparison of operational performance, above data is excluding 50 MW Solar project acquired in the month of
Slide 18: Q1 USO/Purchase and T&D Loss
OVERVIEW OF OPERATIONS –Q1 FY23 Q1 USO/Purchase (MUs) 2,720 2,468 2,216 1,034 855 976 785 729 569 155 159 206 229 Ahmedabad Surat Dahej DDDNH Bhiwandi Agra SMK Q1 22 Q1 23 T&D Loss (%) T&D Loss(%) 9.32% 7.70% 43.20% 37.97% 2.99% 17.43% 14.25% 2.61% 2.23% 11.56% 11.24% 0.40% 0.66% Ahmedabad Surat Dah
Slide 19: Investment Rationale
INVESTMENT RATIONALE • State of the art gas • Huge growth • Need for a robust • Opportunities for based plants potential in grid to support private sector renewables; returns increase in considering the • Direct import of LNG above COE for renewables capacity endemic at efficient cost selected proje
Slide 20: Investment Rationale
INVESTMENT RATIONALE Excellent Regulated operational Promising businesses records growth ensuring opportunities stable returns Unmatched Strong project distribution management model skills World class Rational generation Value allocation of assets Creation capital
Slide 21: 5 Year Trend - Financial Statistics
5 YEAR TREND - FINANCIAL STATISTICS Revenues from Operations (₹ Crore) EBIDTA (₹ Crore)/EBIDTA Margin (%) 13641 14257 13151 11512 12173 3826 3734 3607 3381 3389 30% 29% 27% 27% 26% 2017-18 2018-19 2019-20 2020-21 2022-22 2017-18 2018-19 2019-20 2020-21 2021-22 TCI* (₹ Crore) Net Worth (₹ Crore) 1072
Slide 22: 5 Year Trend - Financial Statistics
5 YEAR TREND - FINANCIAL STATISTICS Net Debt / EBITDA Net Debt Equity Ratio 2.61 0.89 2.49 0.80 0.80 0.80 2.18 2.24 1.98 0.64 17-18 18-19 19-20 20-21 21-22 17-18 18-19 19-20 20-21 21-22 Return on Capital Employed Return on Networth 14.22% 12.62% 12.42% 10.01% 10.31% 11.05% 9.62% 9.32% 9.54% 8.23% 17
Slide 23: 5 Year Trend - Technical Statistics
5 YEAR TREND - FINANCIAL STATISTICS THERMAL PLF (%) T&D loss (%) Licensed Distribution 87.8% 6.31% 6.03% 71.4% 72.9% 5.61% 76.9% 4.98% 65.3% 60.1% 57.8% 59.9% 4.06% 4.17% 62.3% 44.3% 3.59% 3.43% 3.43% 59.9% 44.3% 3.38% 33.3% 41.1% 33.4% 40.7% 38.4% 9.8% 30.6% 0.0% 0.0% 6.5% 0.40% 0.35% 0.31% 0.49% 0
Slide 24: Thank You
THANK YOU Contact details: Rishi Shah Torrent Power Limited “Samanvay”, 600 Tapovan, Ambawadi, Ahmedabad 380015 Ph. No. (079) 26628473 Email: IR@torrentpower.com