Tata Power Company Limited · NSE:TATAPOWER
Tata Power — The Tata Power Company — Q4 FY2024 Earnings Presentation
68 slides from Tata Power's earnings presentation, May 8, 2024
Slide 1: Exchange cover letter: Presentation to Analysts
May 8, 2024 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza, 5th Floor 1st Floor, New Trading Ring Plot No. C/1, G Block Rotunda Bldg., P. J. Towers Bandra-Kurla Complex Dalal Street, Fort Bandra (East) Mumbai – 400 001. Mumbai – 400 051. Scrip C
Slide 2: Financial Results – Q4 FY24
F I N A N C I A L R E S U LT S – Q 4 F Y 2 4 8 M AY 2 0 2 4 Rajasthan 200MW
Slide 3: Disclaimer
Disclaimer This document does not constitute or form part of and should not be construed as a prospectus, offering circular or offering memorandum or an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the Company or any of its subsidiaries or affiliates in any
Slide 4: Agenda
Agenda 04 About Tata Power 11 Sustainability: Manifesting a Greener Tomorrow 20 Industry Highlights 27 Business Highlights 39 Operational & Financial Highlights 45 Annexures 63 What sets us Apart
Slide 5: About Tata Power
About Tata Power tatapower.com 4 Palaswadi, Maharashtra
Slide 6: India's largest vertically-integrated power company
India’s largest vertically-integrated power company New-age Energy Solutions Generation 11.3+ GW 8.8+ GW 6,277 Ckm Clean & Green Energy Thermal energy generation Transmission capacity (Including 5.5 GW in pipeline) (Installed capacity) (Including 1,651 Ckm in pipeline) 12.5 Mn 2.8 GW >₹16,252 Cr Sol
Slide 7: Generation, Transmission and Distribution assets spread across India
Generation, Transmission and Distribution assets spread across India Capacity Mix 8,860 MW 1,034 MW 880 MW (Domestic + Thermal Wind Hydro International) 14,707 MW 443 MW Waste Heat 3,490 MW Solar 5,506 MW Renewable capacity Total Recovery /BFG under construction Distribution of installed capacity (D
Slide 8: Assets located outside India
Assets located outside India Georgia, Adjaristsqali Bhutan, Dagachhu 187 MW 50% 126 MW 26% Installed capacity TPCL stake Installed capacity TPCL stake Indonesia Coal Mines Coal mines Tata Power Share % Kaltim Prima Coal (KPC) 30% Baramulti Suksessarana (BSSR) 26% 78 MT Antang Gunung Meratus (AGM) 26
Slide 9: Financial performance consistently improving over the years
Financial performance consistently improving over the years Revenue (in ₹ Cr) EBITDA (in ₹ Cr) Underlying EBITDA(in ₹ Cr) 61,542 12,701* 13,878** FY24 FY24 FY24 FY23 56,033 FY23 10,068 FY23 13,268 FY22 42,576 FY22 8,192 FY22 10,134 FY21 33,239 FY21 7,978 FY21 8,851 FY20 28,948 FY20 8,317 FY20 9,269
Slide 10: Core businesses contributed 74% of PAT in FY24
Core businesses* contributed 74% of PAT in FY24 (vs. 44% in FY23) Revenue (in ₹ Cr) EBITDA (in ₹ Cr) Reported PAT (in ₹ Cr) FY23 FY24 FY23 FY24 FY23 FY24 8% 30% -42% Thermal & Hydro Generation, 18,211 19,614 3,779 2,907 3,649 Coal & Shipping 2,112 24% 7% 2% Renewables 10,175 3,422 8,197 3,203 730 74
Slide 11: Clean & Green to account for ~56% capacity post project completions
Clean & Green to account for ~56% capacity post project completions Tata Power Capacity Current Operational Capacity share (IN MW ) (IN %) 33 Thermal 22 Hydro Wind 6 60 Solar 6 Hybrid WHRS/BFG* Capacity share post completion of projects (IN %) 2 Thermal 24 Hydro 44 Wind Total Solar Thermal Hydro Win
Slide 12: Carbon Net Zero, Water Neutral, Zero Waste to Landfill
Carbon Water Zero Waste Net Zero Neutral to Landfill By 2045 By 2030 By 2030 tatapower.com 11
Slide 13: First Integrated Power Company in India with Approved SBTi targets
Tata Power becomes the FIRST Integrated Power Company in India with Approved Science-Based Target Initiatives (SBTi) Ambitious Goals SBTi Collaboration SBTi collaboration drives ambitious corporate climate action globally Achievement Reduce scope 1 GHG Tata Power's near- emissions by 70.5% per Leade
Slide 14: Our sustainability aspirations
Our sustainability aspirations Become carbon net Become water Zero waste to landfill No Net Loss to Leverage technology to zero by 2045 neutral by 2030 by 2030 Biodiversity by 2030 create the 'Utility of the Future’ (IOT, Smart Grids, BESS, Green H2, robotic panel cleaning etc.) Education : Employab
Slide 15: Taking leaps towards our ESG goals
Taking leaps towards our ESG goals Ba sel i n e Ta rg et Pa rt i c u l ar s D esc r i pt i on On g oi n g ac t i on s V a l u e (F Y 2 3 ) Y ea r Value Y ea r Clean & Green Portfolio 16%* 2015 70% 2030 • 40% Clean & Green portfolio as on March 2024 • SBTi Commitment Net Zero • Renewable Portfolio Gr
Slide 16: Gradually improving our ESG ratings
Gradually improving our ESG ratings 2024 2023 2022 2021 2020 2019 B B B C C D CDP – Climate Change B B B B C F CDP – Water 67 67 67 67 - 48 DJSI A BBB BBB BB BB BB MSCI 37.9 38.5 41.2 38.6 - - Sustainalytics 15
Slide 17: Achieving 100% Clean & Green Power generation by FY 2045
Achieving 100% Clean & Green Power generation by FY 2045 2015 2024 2030 2045 Largely a coal-based company, Transitioning towards a Clean & Green Phasing out thermal having capacities to fulfil the clean and green portfolio Capacity will account portfolio before 2045 energy demands of a developing th
Slide 18: Empowering Communities
Empowering Communities 62.67 lakhs Outreach Public Private Improving Far Reaching out by Strengthening Partnerships access Reaching Community Institutions (Collaboration & & creating Impact on Leverage) opportunities Community and Co- 100+ Optimal Green ownership Technology Districts in 18 states Ut
Slide 19: Well-established governance framework
Well-established governance framework Our CSR and Sustainability Committee at the Board level guides the strategy, and the Apex Leadership Team enables its impactful implementation Leadership and Oversight on Sustainability Advocacy Leadership Initiatives that are based with care on, and are encompa
Slide 20: Robust Governance Structure in place
Robust Governance Structure in place Audit Committee Governance policies • Tata Code of Conduct • Code of Conduct for Independent Directors • Code of Conduct for Non-Executive Directors Nomination and • Related Party Transactions Policy, Framework & Guidelines Remuneration Committee • Whistle Blower
Slide 21: Industry Highlights
Industry Highlights tatapower.com 20 Chengmari, West Bengal
Slide 22: Power Demand is up 8% Y-o-Y in FY24
Power Demand is up 8% Y-o-Y in FY24 India has one of the lowest Ratio of Power Generation Monthly Energy Requirement Coal-based plants' PLF increased power consumption per capita Growth to GDP growth has (IN BUs) by 550bps Y-o-Y to 70% in FY24 (IN KW H) increased in the past 5 years (IN %) 30,000 85
Slide 23: RE continues to account for bulk of the Capacity additions in India
RE continues to account for bulk of the Capacity additions in India Total Installed Capacity in India 7.8GW added in Mar-24 25.9 GW added in FY24 Renewables (incl. Hydro) accounted currently stands at ~442GW* (IN GW) (IN GW) for ~72% of FY24 capacity additions (IN %) 1.4 0.1 7.0 3% 3% 6% 2% 2% 1% 5%
Slide 24: Cell and Module trading near multi-year lows; Coal has stabilised
Cell and Module trading near multi-year lows; Coal has stabilised Price Movement of Polysilicon & Wafer Price Movement of Solar Cell & Module Thermal Coal Prices (US$/t) 40 1.2 0.28 450 35 1.0 400 30 0.23 350 0.8 25 300 0.18 20 0.6 250 15 0.13 200 0.4 129.21 10 8.88 0.11 150 0.08 5 0.22 0.2 0.05 100
Slide 25: RE auctions cross 40GW in FY 2024; tariffs have risen
RE auctions cross 40GW in FY 2024; tariff’s have risen Minimum e-reverse auction tariff’s have risen in FY24 Renewable energy auction volumes (GW) 4.3 4.4 9.7 3.9 3.8 3.6 3.3 3.3 3.3 5 3.4 3.2 3.2 1.2 3.2 1.4 2.2 2.8 2.8 3.1 3.1 1.7 2.9 2.7 2.7 1 2.5 2.7 2.5 0.8 2.4 2.5 2.4 2.6 2.4 2.4 5.6 2.5 2.3 2
Slide 26: Transmission auction bids have risen significantly in FY24
Transmission auction bids have risen significantly in FY24 USD30 Bn transmission Capex Transmission Auction bids have risen by ~3.6x in anticipated between FY24-30E (USD Bn) FY24 (in ₹ bn) 70 Renewables 40 Thermal Distribution 474 30 140 Transmission 212 148 132 107 100 105 36 28 23 FY15 FY16 FY17 F
Slide 27: India Distribution: On the mend but concerns remain
India Distribution: On the mend but concerns remain All India AT&C losses (%) have declined RDSS and LPS have helped reduce DISCOM dues (in ₹ Cr) 1,05,330 1,02,780 All India basis 83,716 26.6 59,127 25.7 25.5 23.7 23.7 22.6 22.3 21.6 21.5 26,242 20.7 25,016 16.4 15.4 FY19 FY20 FY21 FY22 FY23 FY24 So
Slide 28: Business Highlights
Business Highlights tatapower.com 27
Slide 29: Q4 FY24 Highlights
Q4 FY24 Highlights Tata Power surpasses ₹1.35 TPDDL achieved highest rating of Tata Power has energized 144 Tata Power solar Commissions Tata Power was trillion Market Capitalization A+ among the 62 rated DISCOMs public EV charging points in Q4 India’s Largest FDRE Project awarded as the ‘Best in th
Slide 30: Solar Utility Scale EPC Update
Solar Utility Scale EPC Update WELL DIVERSIFIED UTILITY Utility Scale EPC Order Book BUSINESS UPDATES SCALE ORDER BOOK (IN ₹ CRORE) CUSTOMER ORDER BOOK (₹ CR) • Utility Scale Solar EPC business has won orders Tata Power Group 6,326 of 100MW worth ₹470Cr in SJVN 3,362 Q4FY24 NTPC 1,016 • Highest orde
Slide 31: Solar Rooftop and Group Captive – Q4 FY24 Highlights
Solar Rooftop and Group Captive – Q4 FY24 Highlights GROUP CAPTIVE* ORDER BOOK (₹ cr.) Revenue (In ₹ Crore) Q4 FY24 617 170 Q3 FY24 444 508 Order book at Orders received Q4 Order book at Q4 FY23 480 616 the end in Q4 Revenue the end of Q3 FY24 of Q4 FY24 GROUP CAPT IVE* Rooftop Group Captive* • Orde
Slide 32: Tata Power – EZ Charge
Tata Power – EZ Charge OPERATIONAL EV CHARGING PLATFORM BUSINESS HIGHLIGHTS HIGHLIGHTS STATISTICS 5,488 Public & Captive Chargers (energized) till date 228k+ R egistered Users • Tata Power pioneers e- mobility solutions in the 5,344 144 202 26 city of Ayodhya; energises charging points on crucial 53
Slide 33: Odisha Discoms – FY24 Highlights
Odisha Discoms – FY24 Highlights STRONG OPERATION AL PERFORM ANCE ACROSS ALL DISCOMS THEFT METERS S U B S T AT I O N S P R E - T AK E O V E R L O AD R E P L AC E D AU T O M AT E D ( N o ’ s ) AR R E AR S (MWP) (in lakhs) COLLECTED (₹Crs) Smart Meters REDUCING AT&C LOSSES => Installed till PROMISING
Slide 34: 4.3 GW Cell and Module Manufacturing Plant - Update
4.3 GW Cell and Module Manufacturing Plant - Update Module Commercial Complete Cell & Module First Cell-out Dispatch line Ramp-Up 4.3GW* Q1 FY25 Mar 2024 Q2 FY25 Abbreviations :- FG:- Finished Goods, RM WH:- Raw Material Warehouse, EVA/POE:- Ethylene Vinyl acetate/ Polyolefin Elastomers, PMS/SWS:- P
Slide 35: PM Surya Ghar Yojna: focus area for coming years
PM Surya Ghar Yojna (PMSGY): Will be the focus area for coming years Salient features of PMSGY Scheme Central Why The Scheme Works S. Type of Residential Financial Cost to Customer 1 Cr No. Segment Assistance (CFA) • Attractive subsidies till 3 kW • Program beneficial for developers also as househol
Slide 36: Tata Power is the market leader in Solar Rooftop EPC
Tata Power is the market leader in Solar Rooftop EPC Rooftop Solar has grown at 17% CAGR in the India has 14.5GW of installed Tata Power has 13.1% market share in Solar past 4 years (in MW) solar rooftop capacity (In MW) Rooftop EPC Market Size = 2,855 MW in CY23 2,855 3,669 2,640 Tata Power Roofsol
Slide 37: Notable Utility Scale FDRE Tender wins recently
Notable Utility Scale FDRE Tender wins recently Key Highlights: SJVN FDRE & NTPC FDRE SJVN 460MW* FDRE NTPC 200MW* FDRE Tariff (₹/unit) 4.38 4.71 e-RA date 7 Nov 2023 22 Mar 2024 Total capacity (MW) 1,317 MW 585 MW Tender type FDRE FDRE Capacity sizing (x) ~3x ~3x Execution timeline 2 years from dat
Slide 38: Pumped Storage Hydro Plants (PSP)
Pumped Storage Hydro Plants (PSP) SHIRWATA PSP BHIVPURI PSP Key Highlights Key Highlights 1,000 MW 1,800 MW Type Type Existing Off-stream Off-stream Upper Reservoir Upper Reservoir Thokarwadi – 352 MCM New -15 MCM (million cubic meters) Lower Reservoir Lower Reservoir Existing Shirwata Dam New – 5 M
Slide 39: Transmission - Recent wins of ₹2,300cr
Transmission- Recent wins of ₹2,300cr. to expand transmission portfolio Received LOA* Received LOA* Transmission Capacity (Ckt Km) Project: Project: Jalpura Khurja Power Rajasthan Phase IV Part C Transmission Limited (160 Ckm) (682 Ckm) Project Brief Project Brief • Construction and O&M of 400 kV su
Slide 40: Operational & Financial Highlights
Operational & Financial Highlights tatapower.com 39
Slide 41: Q4 FY24 Operational Highlights
Q4 FY24 Operational Highlights Generation - Availability Plant Load or Capacity Utilization Factor AT&C Losses - Distribution IN % IN % IN % 99 99 98 98 100 100 100 97 97 76 74 89 88 66 8.7 8.6 79 8.0 60 60 73 75 6.3 5.7 5.9 35 36 32 25 24 21 14 15 12 12 (0.2) 8 0.5 0.4 Thermal Mundra MO Hydro WIND
Slide 42: FY24 Operational Highlights
FY24 Operational Highlights Generation - Availability Plant Load or Capacity Utilization Factor AT&C Losses - Distribution IN % IN % IN % 98 99 98 98 100 100 76 90 73 8.6 88 8.0 70 56 66 6.3 5.9 40 40 32 23 23 19 20 0.5 0.4 Thermal Mundra MO Hydro WIND SOLAR SOLAR MO- Thermal Mundra MO Hydro WIND TP
Slide 43: Financial Highlights – Q4 FY24
Financial Highlights – Q4 FY24 (In ₹ Cr) Posted Y-o-Y PAT growth for the 18th consecutive quarter Revenue EBITDA* Underlying EBITDA 27% 10% 8% 3% (including share of JVs and Associates) 12% 5% Q4 FY24 16,256 Q4 FY24 3,358 Q4 FY24 3,675 Q3 FY24 14,841 Q3 FY24 3,250 Q3 FY24 3,509 Q4 FY23 12,755 Q4 FY2
Slide 44: Financial Highlights – FY24
Financial Highlights – FY24 (In ₹ Cr) Robust fundamentals as core businesses reported highest ever EBITDA in FY24 Revenue EBITDA* Underlying EBITDA 10% 26% (including share of JVs and Associates) 5% FY24 61,542 FY24 12,701 FY24 13,878 FY23 56,033 FY23 10,068 FY23 13,268 *Reported EBITDA includes oth
Slide 45: Comfortable Debt Position For Sustainable Growth
Comfortable Debt Position For Sustainable Growth Net Debt Net Debt has decreased Q-o-Q largely due to release of working capital (In ₹ Cr) (In ₹ Cr) Q4 FY24 38,125 Q3 FY24 38,599 Q4 FY23 35,328 Balance Sheet continues to be strong Q3 FY24 Cash from Income Others WC Changes Interest Business as Capex
Slide 46: Annexures
Annexures tatapower.com 45
Slide 47: Entity-wise Consolidated Performance – Q4 FY24
Entity-wise Consolidated Performance – Q4 FY24 ₹ Crore unless stated Particulars Op Income EBITDA^^ PAT Q4 FY24 Q4 FY23 Q4 FY24 Q4 FY23 Q4 FY24 Q4 FY23 Consolidated before exceptional items 16,256 12,755 3,358 3,101 1,109 939 Standalone & Key Subsidiaries Tata Power (Standalone) 5,133 3,194 1,632 1,
Slide 48: Entity-wise Consolidated Performance – FY24
Entity-wise Consolidated Performance – FY24 ₹ Crore unless stated Particulars Op Income EBITDA^^ PAT FY24 FY23 FY24 FY23 FY24 FY23 Consolidated before exceptional items 61,542 56,033 12,701 10,068 4,109 3,810 Standalone & Key Subsidiaries Tata Power (Standalone) 20,297 18,848 5,957 6,817 2,230 2,730
Slide 49: Cluster-wise Consolidated Performance – Q4 FY24
Cluster-wise Consolidated Performance – Q4 FY24 ₹ Crore unless stated Particulars Op Income EBITDA^^ PAT Q4 FY24 Q4 FY23 Q4 FY24 Q4 FY23 Q4 FY24 Q4 FY23 Consolidated before exceptional items 16,256 12,755 3,358 3,101 1,109 939 Thermal Generation, Coal and Hydro 4,855 2,882 787 1,000 271 638 Maithon
Slide 50: Cluster-wise Consolidated Performance – FY24
Cluster-wise Consolidated Performance – FY24 ₹ Crore unless stated Particulars Op Income EBITDA^^ PAT FY24 FY23 FY24 FY23 FY24 FY23 Consolidated before exceptional items 61,542 56,033 12,701 10,068 4,109 3,810 Thermal Generation, Coal and Hydro 19,614 18,211 3,779 2,907 2,074 3,649 Maithon Power Lim
Slide 51: Tata Power (Consolidated) Performance
Tata Power (Consolidated) Performance ₹ Crore unless stated Particulars Q4 FY24 Q4 FY23 Var FY24 FY23 Var Quarter Variance Remarks Higher Availiability & PLF in Mundra and higher Operating Income 16,256 12,755 3,501 61,542 56,033 5,509 execution of projects in TPSSL Operating Expenses 13,515 10,526
Slide 52: Tata Power (Standalone) Financial Performance
Tata Power (Standalone) Financial Performance ₹ Crore unless stated Particulars Q4 FY24 Q4 FY23 Var FY24 FY23 Var Quarter Variance Remarks Higher PLF in Mundra, Lower Fuel Cost in MO-G Operating Income 5,133 3,194 1,939 20,297 18,848 1,449 & Jojobera, and Higher Power Prices Higher Generation offset
Slide 53: Maithon Power Limited - Highlights
Maithon Power Limited - Highlights ₹ Crore unless stated Particulars Q4 FY24 Q4 FY23 Var FY24 FY23 Var Quarter Variance Remarks Generation (MUs) 2,054 1,462 592 8,179 7,555 624 Sales (MUs) 1,949 1,437 512 8,017 7,455 562 Availability (%) (Plant) 94% 69% 25% 95% 90% 5% PLF (%) 90% 64% 26% 89% 82% 7%
Slide 54: Prayagraj Power Generation Co. Ltd. - Highlights
Prayagraj Power Generation Co. Ltd. - Highlights ₹ Crore unless stated Particulars Q4 FY24 Q4 FY23 Var FY24 FY23 Var Quarter Variance Remarks Generation (MUs) 2,999 2,878 121 12,699 12,510 189 Sales (MUs) 2,832 2,713 119 11,973 11,790 183 Availability (%) 80% 77% 3% 83% 81% 2% PLF % 70% 67% 3% 73% 7
Slide 55: Tata Power Delhi Distribution Ltd. - Highlights
Tata Power Delhi Distribution Ltd. - Highlights ₹ Crore unless stated Particulars Q4 FY24 Q4 FY23 Var FY24 FY23 Var Quarter Variance Remarks Purchase (MUs) 2,208 2,059 149 10,658 10,621 37 Sales (MUs) 2,077 1,926 151 10,024 9,945 79 Revenue Per Unit 9.88 10.68 (0.8) 9.28 9.65 (0.4) PPC Per Unit 6.89
Slide 56: Q4 FY24 Odisha Discoms – Highlights
Q4 FY24 Odisha Discoms – Highlights ₹ Crore unless stated Particulars TPCODL TPSODL TPWODL TPNODL Q4 FY24 Q4 FY23 Q4 FY24 Q4 FY23 Q4 FY24 Q4 FY23 Q4 FY24 Q4 FY23 Purchase (MUs) 2,445 2,134 1,040 945 3,245 3,171 1,598 1,600 Sales (MUs) 1,943 1,755 748 691 2,802 2,662 1,378 1,390 Revenue per unit 6.7
Slide 57: FY24 Odisha Discoms – Highlights
FY24 Odisha Discoms – Highlights ₹ Crore unless stated Particulars TPCODL TPSODL TPWODL TPNODL FY24 FY23 FY24 FY23 FY24 FY23 FY24 FY23 Purchase (MUs) 11,299 9,902 4,345 4,188 12,752 13,002 7,047 6,476 Sales (MUs) 8,853 7,639 3,195 3,156 10,644 10,610 6,017 5,415 Revenue per unit 5.9 6.0 6.6 6.5 6.3
Slide 58: RE Generation
RE Generation* ₹ Crore unless stated Particulars Q4 FY24 Q4 FY23 Var FY24 FY23 Var Quarter Variance Remarks Capacity - Total (MW) 4,515 3,918 597 4,515 3,918 597 Capacity - Wind (MW) 1,030 928 103 1,030 928 103 Capacity - Solar (MW) 3,485 2,990 494 3,485 2,990 494 Generation (MUs) 2,031 1,857 174 8,
Slide 59: Tata Power Solar Systems Limited – Highlights
Tata Power Solar Systems Limited – Highlights ₹ Crore unless stated Particulars Q4 FY24 Q4 FY23 Var FY24 FY23 Var Quarter Variance Remarks Operating Income 4,287 2,958 1,329 11,726 6,876 4,850 Higher execution of projects Operating expenses 3,958 2,719 (1,239) 11,028 6,404 (4,624) Operating profit 3
Slide 60: Renewables – Consolidated View
Renewables – Consolidated View ₹ Crore unless stated Key Parameters - Renewables Q4 FY24 Q4 FY23 FY24 FY23 Var Revenue 3,457 2,587 10,175 8,197 24% EBITDA 947 927 3,422 3,203 7% PAT (before exceptional items) 289 280 849 730 16% Gross Debt 19,524 16,194 19,524 16,194 21% Net Debt 18,294 11,679 18,29
Slide 61: Regulated - Equity And Assets
Regulated - Equity And Assets ₹ Crore unless stated Particulars Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY 24 Q4 FY 23 Regulated Equity Mumbai Operation 4,914 4,673 4,661 4,642 4,639 Jojobera 554 548 548 548 542 Tata Power Delhi Distribution (100%) 2,008 1,961 1,953 1,945 1,931 TP Central Odisha Dist Ltd (100%)
Slide 62: Key Segments - Debt Profile
Key Segments - Debt Profile ₹ Crore unless stated Total Gross Debt (LT + ST) Company Quarterly movement Remarks Q4 FY24 Q3 FY24 QoQ Q4 FY23 YoY Tata Power (Standalone) 19,526 20,296 (770) 21,790 (2,264) Maithon 1,600 1,440 160 1,615 (15) Coal SPVs + TPIPL 4,161 4,263 (102) 4,722 (561) TPREL & Subsid
Slide 63: Tata Power - Debt Profile
Tata power - Debt Profile ₹ Crore unless stated Consolidated Particulars Q4 FY24 Q3 FY24 Q4 FY23 Rupee Forex Total Total Total Long term 34,137 3,486 37,622 34,653 30,708 Short term 4,308 692 5,000 6,904 9,201 Current Maturity of LT 6,858 0 6,858 6,543 9,065 Total Debt 49,480 48,100 48,974 Less: Cas
Slide 64: What sets us apart
What sets us apart
Slide 65: Deeply entrenched Power company with history of more than 100 Years
Deeply entrenched Power company with history of more than 100 Years 1910-1955 2007 2011 2018-2019 2020 2024 • 1910: Incorporated as • Completed acquisition of • Commissioned first solar • Resurgent Power Ventures • Sold 3 ships for US$ 213Mn • TPREL received a Letter of Award Tata Hydroelectric 30%
Slide 66: Most vertically integrated and diversified power portfolio in India
Most vertically integrated and diversified power portfolio in India Revenue (in ₹ Cr) EBITDA (in ₹ Cr) Net Debt (in ₹ Cr) PAT*** (in ₹ Cr) Tata Power Company Limited (TPCL) FY24 61,542 12,701 38,125 4,280 Thermal generation, coal & Renewables^ Transmission & distribution Eliminations/ Others hydro r
Slide 67: Aggressively pursuing growth with committed capex of ₹60,000Cr till FY27
Aggressively pursuing growth with committed capex of ₹60,000Cr till FY27 Estimated capex of around ₹60,000 - ₹71,000 Cr. till FY27 42% of the capex to be spent on renewables between FY25-27e ₹17,000- ₹16,000- 21,000Cr Conventional 16 ₹15,000- 20,000Cr Generation Conventional Generation, 19 Coal & Sh
Slide 68: Investor Relations
www.tatapower.com I N V E S T O R R E L AT I O N S T E A M : Mr. Soundararajan Kasturi Mr. Rajesh Lachhani Chief – Treasury & Investor Relations Head – Investor Relations Email: kasturis@tatapower.com Email: rajesh.lachhani@tatapower.com
The Tata Power Company — Q4 FY2024 Earnings Presentation on 6ix