Jaiprakash Power Ventures Limited · NSE:JPPOWER
Jaiprakash Power Ventures — Jaiprakash Hydro-Power — Investor Presentation (August 2009)
45 slides from Jaiprakash Power Ventures's investor presentation, August 2009
Slide 1: Jaiprakash Hydro-Power Limited Investor Presentation
CONFIDENTIAL Jaiprakash Hydro-Power Limited Investor Presentation AUGUST 2009 1
Slide 2: Disclaimer
CONFIDENTIAL Disclaimer This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell any securities of Jaiprakash Hydro-Power Limited (the "Company"), nor shall part, or all, of this document form the basis of, or be relied on in co
Slide 3: Overview of Jaypee Group
CONFIDENTIAL Overview of Jaypee Group 3
Slide 4: Jaypee Group At A Glance
CONFIDENTIAL Jaypee Group At A Glance Jaypee Group is a leading integrated infrastructure conglomerate in India with exposure to the power generation, cement, construction and real estate sectors L Largest t Private P i t Hydropower H d Group G 54.3% participation in hydro 700MW operational power pr
Slide 5: Corporate Structure – Post Amalgamation
CONFIDENTIAL Corporate Structure – Post Amalgamation Jaiprakash Associates Limited Real Estate & E&C Cement – 29.25 MTPA Hospitality BOO Power To be renamed Cement Infrastructure JPVL 76.25% Jaiprakash Hydro Power Limited 96.9% Jaypee Infratech (300 MW-Hydro – Baspa – II -in Operation) Joint Venture
Slide 6: Demonstrated Execution Capability of JAL – Completed HEPs Generating 8840 MW
CONFIDENTIAL Demonstrated Execution Capability of JAL – Completed HEPs Generating 8840 MW between 2002-2009 JAL is the leader in the construction of multi-purpose river valley and hydropower projects and has been involved in construction of major engineering projects over the last 4 decades Baghalih
Slide 7: 2002-2008: 8840 MW added to the National Grid
CONFIDENTIAL 2002-2008 : 8840 MW added to the National Grid Client & Total Name of Project 2002- 05 2005-06 2006-07 2007-08 2008-09 State/Country (MW) BUILD-OWN-OPERATE 1. Baspa JHPL, H.P. 300 300 2. Vishnuprayag JPVL, Uttranchal 400 400 ENGINEERING – PROCUREMENT – CONSTRUCTION (EPC) CONTRACTS 3. Ch
Slide 8: Proposed Restructuring of Group's Power Business
CONFIDENTIAL Proposed Restructuring of Group’s Power Business 8
Slide 9: JHPL & JPVL Merger
CONFIDENTIAL JHPL & JPVL Merger Pre-Amalgamation Post-Amalgamation Jaiprakash Associates Ltd. Jaiprakash Associates Ltd. 80.6% 76.3% 63.3% Jaiprakash Hydro-Power Ltd. Jaiprakash Hydro- Jaiprakash Power Ventures (JHPL) * Power Ltd. (JHPL) Ltd. (JPVL) Baspa II – 300 MW Baspa II – 300 MW Vishnuprayag –
Slide 10: Highlights of the Merger
CONFIDENTIAL Highlights of the Merger Rationale for Merger Highlights of the scheme ♦ Creation of a single entity for Jaypee group’s power ♦ JPVL shareholders to receive 3 shares of business JHPL against every share in JPVL ♦ Helps in consolidating its position as leading ♦ Renowned chartered accoun
Slide 11: Timeline for Merger
CONFIDENTIAL Timeline for Merger S.N. Activity Timeline 1. Board approval for merger; JHPL & JPVL 3rd July’09 In-principle stock exchange approvals received - NSE 30th July’09 2. BSE 3rd August’09 First motion with Hon. High Court of Himachal Pradesh at Shimla seeking 3. direction under Sec. 391 of
Slide 12: Indian Power Sector
CONFIDENTIAL Indian Power Sector 12
Slide 13: Shortage of Power in India
CONFIDENTIAL Shortage of Power in India Electricity demand and supply 800 774 739 691 689 700 666 632 Billion Uniits 624 591 600 579 546 559 548 523 519 498 500 483 400 9th Plan end FY03 FY04 FY05 FY06 FY07 FY08 FY09 Energy Requirement Energy Available The Power shortage problem is more acute in the
Slide 14: Installed Capacity Growth Lower than GDP Growth
CONFIDENTIAL Installed Capacity Growth Lower than GDP Growth 12.0% 10.0% 9 0% 9.0% 8.0% 7.1% 6.0% 8.1% 4 0% 4.0% 4.0% 2.0% 0.0% Y92 Y93 Y94 Y95 Y96 Y97 Y98 Y99 Y00 Y01 Y02 Y03 Y04 Y05 Y06 Y07 Y08 09 * FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY0 Installed Capacity Growth (%) GDP Growth (%)
Slide 15: Increasing Role of Private Sector
CONFIDENTIAL Increasing Role of Private Sector Total JHPL + JPVL Hydro – 1,000 MW 2,200 MW* contribution Thermal – 500 MW 3,491 11,552 90,000 80 000 80,000 Public 70,000 Hydro – 700 MW 15,043 Addition (MW) 60,000 Private 50,000 700 A Actual HYDRO 86 Capacity A 40,000 63,657 P Planned 30,000 THERMAL
Slide 16: JPVL & JHPL's Business Overview
CONFIDENTIAL JPVL & JHPL’s Business Overview 16
Slide 17: JHPL Corporate Structure – Post Amalgamation
CONFIDENTIAL JHPL Corporate Structure – Post Amalgamation Jaiprakash Associates Limited* E&C Real Estate & Cement – 29.25 MTPA Hospitality BOO Power 76.25% To be Jaiprakash Hydro Power Limited* renamed (300 MW-Hydro Baspa –II – in Operation) JPVL (400 MW-Hydro Vishnuprayag – in Operation) (1320 MW T
Slide 18: Portfolio of 13,470 MW of Power Projects
CONFIDENTIAL Portfolio of 13,470 MW of Power Projects 18
Slide 19: Projects At A Glance
CONFIDENTIAL Projects At A Glance Merchant Capacity Regulated VERs/ S.N. Project Fuel Power COD (MW) Tariff (MW) CERs (MW) 1. Baspa-II Hydro 300 300 - 1.00 Mn VERs 2003 2. Vishnuprayag Hydro 400 400 - 1.32 Mn.VERs 2006 3. g Karcham Wangtoo Hydro y 1000 800 200 3.35 Mn. CERs* 2011* 4. Bina Power Ther
Slide 20: Power Capacity in Operation/ Under Advanced Stages of Implementation
CONFIDENTIAL Power Capacity in Operation/ Under Advanced Stages of Implementation S.N. Project Location Capacity (MW) Fuel Financial Closure As on 31.07.2009 1. Baspa-II H.P. 300 Hydro (Operational) 2. Vishnuprayag U.K. 400 Hydro (Operational) Cumulative Total 700 By October 2011 3. Karcham Wangtoo
Slide 21: Optimal Hydro – Thermal Mix
CONFIDENTIAL Optimal Hydro – Thermal Mix Power capacity addition (MW) Largest Private Sector Hydro Power 16,000 generator in the country 13,470 13,470 14,000 Hydro projects are glacier fed and not 12,000 10,750 dependent on monsoons – generating 10,000 substantial secondary energy 7,570 8,000 Strong
Slide 22: Optimal Off-take Arrangements
CONFIDENTIAL Optimal Off-take Arrangements Merchant vs. PPA 61% Merchant Power 64% 82% 78% Units (MU)* 100% 2011 2,260 36% 39% 2013 6,850 18% 22% 2014 9,100 2009 2012 2014 2015 2018 Merchant PPA Optimal off-take off take arrangements to ensure balance between steady locked locked-in in cash flows (P
Slide 23: Power Business – Summary of Project Status: Hydro
CONFIDENTIAL Power Business – Summary of Project Status: Hydro Project Land Water Environment DPR/EPC Fuel PPA Equity Clearance Order Investments till date (Rs mn) Baspa II – 300 4,910 MW PROJECT IN OPERATION Vishnuprayag 5,090 – 400MW PROJECT IN OPERATION Karcham 10,750 Wangtoo – 20% 1000 MW Mercha
Slide 24: Power Business – Summary of Project Status: Thermal
CONFIDENTIAL Power Business – Summary of Project Status: Thermal Project Land Water Environment DPR/EPC Fuel PPA Equity Clearance Order Investments till Date (Rs mn) Bina Power – GoMP-42% 2,990 40 % 1250 MW Merchant 3,390 Final Nigrie 90% presentation GoMP – Thermal – Acquired(1) made to MOEF MOEF.
Slide 25: Stages of Power Assets
CONFIDENTIAL Stages of Power Assets STAGE 9 O&M Baspa,Vishnuprayag STAGE 8 Commissioning STAGE 7 Erection, Testing Karcham Wangtoo STAGE 6 Construction Bina ,Nigrie STAGE 5 Project j Funding g Bara, Karchana STAGE 4 Design & Engineering Lower Siang STAGE 3 Environment Clearance STAGE 2 Detailed Proj
Slide 26: Quality Equipment from Reputed Manufacturers
CONFIDENTIAL Quality Equipment from Reputed Manufacturers S.No Name of Item Country of Origin/Company Baspa-II Hydro 1. Turbine and Generating System VA Tech (Austria), Voith (Germany) 2 2. GIS Al t Alstom (France) (F ) Vishnuprayag Hydro 1. Turbine and Generating System Alstom (France) 2. GIS Alsto
Slide 27: Summary
CONFIDENTIAL Summary 27
Slide 28: Hydro Projects Delivering Sustained Returns
CONFIDENTIAL Hydro Projects Delivering Sustained Returns Particulars JHPL JPVL Rs mn (US$ mn) FY 2009 Q1 FY2010^ FY 2009 Q1 FY2010* Revenue , 3,179 ((63)) 826 ((16)) 4,300 , ((85)) 899 ((18)) EBIDTA 2,945 (58) 752 (15) 3,901 (77) 807 (16) PAT 1,429 (28) 365 (7) 1,865 (37) 427 (8) Di id d Declared Di
Slide 29: Integrated Solution Provider to Control Key Aspects of Project Execution
CONFIDENTIAL Integrated Solution Provider to Control Key Aspects of Project Execution JAL has the unique ability to undertake the most challenging projects successfully given its abilities as the only Integrated Solution Provider for Hydropower Projects in the country Expected to derive substantial
Slide 30: Appendix 1: JHPL & JPVL's Key Management
CONFIDENTIAL Appendix 1: JHPL & JPVL’s Key Management 30
Slide 31: Highly Experienced Management
CONFIDENTIAL Highly Experienced Management Aged 45 years Shri Manoj Holds a Degree in Civil Engineering from Birla Institute of Technology and Science, Pilani Gaur, Has 22 years experience of various business of the Jaypee Group i.e. Engineering Construction, Hydro-Power, Cement, Real Estate, Chairm
Slide 32: Highly Experienced Management
CONFIDENTIAL Highly Experienced Management Aged 39 years Holds a Bachelor’s Degree in Production Engineering from Marathwada University, Aurangabad Suren Jain Has over 16years of experience in corporate planning and management Managing Director Mr. Jain started his career with the construction divis
Slide 33: Appendix 2: Project Details
CONFIDENTIAL Appendix 2: Project Details 33
Slide 34: Baspa-II HEP - 3x100 MW
CONFIDENTIAL Baspa-II HEP - 3x100 MW Project Detail Description Location & size 300 MW Hydro Power Project in Himachal Pradesh Concession Period 40 + 20 Years Total project cost Rs. 1,667 Crores Means of finance Debt – Rs. 1,089 Crores Equity – 491 Rs. Rs Crores Internal Accruals – Rs. 87 Crores Cur
Slide 35: Vishnuprayag HEP - 4x100 MW
CONFIDENTIAL Vishnuprayag HEP - 4x100 MW Project Detail Description Location & size 400 MW Hydro Power Project in Uttrakhand Concession Period 30 + 20 Years Total project cost Rs. 1,694 Crores Means of finance Debt – Rs. 1,185 Crores Equity – Rs. Rs 509 Crores Current status In operation since June
Slide 36: Karcham Wangtoo HEP - 4x250 MW
CONFIDENTIAL Karcham Wangtoo HEP - 4x250 MW Project Detail Description Location & size 1,000 MW Hydro Power project in Himachal Pradesh Concession Period 40+20 Years Total project cost Rs. 7,080 Crores Means of finance Debt – Rs. 4,956 Crores Equity – Rs. 2,124 Crores Equity holding JAL – 44.64% JPV
Slide 37: Jaypee Powergrid Limited - 230 KM Power Transmission Project
CONFIDENTIAL Jaypee Powergrid Limited - 230 KM Power Transmission Project Project Detail Description Location & size 230 km transmission project to evacuate power from 1,000 MW Karcham-Wangtoo project Concession Period Owned Total project cost Rs. 1,000 Crores Means of finance Debt – Rs. 700 Crores
Slide 38: Bina TPP – 1,250 MW
CONFIDENTIAL Bina TPP – 1,250 MW Project Detail Description Location & size 1250 MW (In 2 phases) Thermal Power Plant in Dist. Bina in Madhya Pradesh, Phase-I consisting of 2x250 MW Concession Period Owned Total project cost Rs. 2,754 Crores for Phase – I Means of finance Debt – Rs. 1,928 Crores (Ph
Slide 39: Nigrie TPP - 2X660 MW
CONFIDENTIAL Nigrie TPP - 2X660 MW Project Detail Description Location & size 1320 MW super critical technology boiler, pit head based Thermal Power Plant at Dist Sidhi in Madhya Pradesh Coal Blocks Coal from Mines at Amelia (North) & Dongri Tal-II Total project cost Rs. 8,000 Crores Means of financ
Slide 40: Karchana TPP – 3x660 MW
CONFIDENTIAL Karchana TPP – 3x660 MW Project Detail Description Location & size 1,980 MW (in 2 Phases) super critical technology boiler based Project in Karchana, Allahabad, Uttar Pradesh; Ph Phase-II consisting i ti off 2 2x660 660 MW Concession Period Owned Total project cost Rs. 8,000 Crores for
Slide 41: Bara TPP – 5x660 MW
CONFIDENTIAL Bara TPP – 5x660 MW Project Detail Description Location & size 3,300 MW (in 2 Phases) super critical technology boiler based Project in Bara, Allahabad, Uttar Pradesh; Phase-I consisting i ti off 3x660 3 660 MW Concession Period Owned Total project cost Rs. 12,000 Crores for Phase-I * M
Slide 42: Lower Siang HEP - 2,700 MW
CONFIDENTIAL Lower Siang HEP - 2,700 MW Project Detail Description Location & size 2,700 MW Hydro Power project in Arunachal Pradesh Concession Period 40 Years Equity holding JPVL - 89% Government of Arunachal Pradesh - 11% Expected commissioning Expected commissioning by 2015 2015* Offtake arrangem
Slide 43: Hirong HEP - 500 MW
CONFIDENTIAL Hirong HEP- 500 MW Project Detail Description Location & size 500 MW Hydro Power project in Arunachal Pradesh Concession Period 40 Years Equity holding JPVL – 89% Government of Arunachal Pradesh - 11% Expected commissioning Expected commissioning by 2018 Offtake arrangement Free Power –
Slide 44: Kynshi Stage – II HEP - 450 MW
CONFIDENTIAL Kynshi Stage – II HEP - 450 MW Project Detail Description Location & size 450 MW Hydro Power project in Meghalaya Concession Period 40 Years Equity holding JPVL – 74% Government of Meghalaya - 26% Expected commissioning Expected commissioning by 2018 Offtake arrangement Free Power – 12%
Slide 45: Umngot Stage – I HEP - 270 MW
CONFIDENTIAL Umngot Stage – I HEP - 270 MW Project Detail Description Location & size 270 MW Hydro Power project in Meghalaya Concession Period 40 Years Equity holding JPVL – 74% Government of Meghalaya - 26% Expected commissioning Expected commissioning by 2018 Offtake arrangement Free Power – 12%
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