Power Grid Corporation Of India Limited · NSE:POWERGRID
Power Grid Corporation Of India — FY2013 Earnings Presentation
27 slides from Power Grid Corporation Of India's earnings presentation, May 29, 2013
Slide 1: Press Meet
POWER GRID CORPORATION OF INDIA LIMITED Press Meet Mumbai 29 May, 2013 1200kV National Test Station, Bina (MP)
Slide 2: Disclaimer
Disclaimer By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: • This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell any secur
Slide 3: POWERGRID Today
POWERGRID Today CENTRAL A ‘NAVRATNA’ LISTED PAYING DIVIDEND CONSISTENTLY RATED TRANSMISSION ENTERPRISE COMPANY SINCE 1993-94 ‘EXCELLENT’ BY GoI UTILITY Vision World Class, Integrated, Global Transmission Company With Dominant Leadership in Emerging Power Markets Ensuring Reliability, Safety and Econ
Slide 4: POWERGRID Group
POWERGRID Group Government Institutions Non-Institutions of India 69.42% 21.87% 8.70% Joint Ventures Subsidiaries Investment 4.1% 50% 50% POSOCO 100% Kalinga Bidyut Prasaran PTC India Ltd. Bihar Grid Company Ltd. (Grid Management) Nigam Pvt. Ltd. Teesta Valley Power 26% 49% Powerlinks Transmission P
Slide 5: Power Sector Overview
Power Sector Overview Installed Capacity Renewable X-formation Trans. Lines (incl. RES) Capacity Capacity • Mar-13: 223 GW • Mar-13: 27.5 GW • Mar-13: 274,588 ckm • Mar-13: 459,716 MVA • Mar-12: 200 GW • Mar-12: 24.5 GW • Mar-12: 268,693 ckm • Mar-12: 399,801 MVA (220kV & above) (220kV & above) Ener
Slide 6: FY13 Highlight
FY13 Highlight Building Partnerships for Inclusive Growth in Sub-Transmission in the Indian Sub-continent JV formed with Bihar JV formed with Odisha JV formed Inclusive in Nepal Growth One Nation One Grid 6
Slide 7: Financial Highlights FY13
Financial Highlights FY13 (₹ in crore) Quarter ended Year ended Description 31.03.2013 31.03.2012 31.03.2013 31.03.2012 Income - Transmission Charges 3198 3013 12211 9673 - Consultancy 122* 91 315* 290 -Telecom 61 52 231 201 - Other Income 235 253 571 621 Total Income 3616 3409 13328 10785 Operating
Slide 8: Financial Highlights FY13
Financial Highlights FY13 (₹ in crore) Description As on 31.03.2013 As on 31.03.2012 Gross Fixed Assets 80600 63387 Capital Work-in-Progress 40153 * 33275 Debt 66188 51752 Net Worth 26213 23488 Earning Per Share (₹) 9.15 7.03 Book Value per Share (₹) 56.62 50.73 Key Financial Ratios Debt : Equity 72
Slide 9: Financial Highlights – 3 years
Financial Highlights – 3 years Consistent deliverance…. Aided by Exemplary Employee Efficiency…. 13328 1.43 10785 ₹ in cr/ Employee 1.12 9099 4235 3255 FY13 0.93 0.45 2697 FY12 0.34 FY13 FY11 0.28 FY12 Income (₹ in crore) FY11 PAT Income Profit Growth over FY12 • Income 24% • PAT 30% One Nation On
Slide 10: Financial Highlights – 3 years
Financial Highlights – 3 years … leading to Asset Creation and…. … enhanced shareholder returns… 56.62 50.73 80600 46.12 63387 9.15 50343 16.15% 2.75* FY13 7.03 13.86% FY13 FY12 2.11 6.19 FY12 12.63% 1.75 FY11 Book FY11 Gross Fixed Earnings Value per Dividend Assets RoNW (%) Share per Share per Shar
Slide 11: FY13: Fund Mobilization
FY13: Fund Mobilization Domestic International (₹8840 crore) (US$ 770 mn) Domestic Bonds ECB Jun-12 IFC US$ 270 mn Loan • ₹ 4000 cr @ 9.3% Oct-12 Debut FCB Issuance • ₹ 2850 cr @ 8.85% Mar-13 US$ 500 mn • ₹1990 cr @ 8.80% Coupon: 3.875% …lower cost FCB listed on Singapore Stock of debt Exchange One
Slide 12: FY13: Billing & Realization
FY13: Billing & Realization Billing Realization %age realization 101% ₹ 11,839 cr ₹ 11,925 cr Description ₹ in crore Outstanding > 60 days (31 Mar, 2013) 565 Highest ever Monthly realization of Outstanding > 60 days (28 May, 2013) 480 ₹1841 cr in Mar’13 Avg. Monthly Billing: ₹1000 crore Outstanding
Slide 13: Project Highlights – FY13
Project Highlights – FY13 Higher capitalization and investments … … increase in physical parameters … 40238 Capitalisation Capex (₹ in crore) 7927 31475 20,037 7562 17,814 12,005 4736 17,213 9963 13,045 7,140 FY11 FY12 FY13 FY11 FY12 FY13 FY11 FY12 FY13 Tr. Line (GW-ckm) Xfn capacity (MVA) 11 S/S 15
Slide 14: Project Highlights – Major Projects Commissioned
Project Highlights – FY13 Major Projects Commissioned Lines Lines Generation linked System Strengthening • 400kV D/C Maithon – Koderma • 765kV Moga-Bhiwani • 400kV D/C Mundra – Jetpur • 765kV Jhatikalan – Bhiwani • 400kV D/C Gandhar – Navsari • 400kV D/C Andal – Jamshedpur • 765kV Sasan-Satna-Bina •
Slide 15: Operational Highlights – 3 years
Operational Highlights – 3 years Changing Asset profile: Sub-Stations Changing Asset profile: Tr. Lines 10% 5% 12% 5% 11% 2% 13% 12% 15% 1% 13% 1% 84% Mar-13 Mar-13 78% Mar-12 Mar-12 86% 82% Mar-11 Mar-11 86% As on Mar’13 84% 100,107ckm 809 lines GIS S/S 164,763 MVA Mar-11: Nil 167 S/S Mar-1
Slide 16: Grid Management- Highlights
Grid Management- Highlights Inter-Regional Exchange (BU) FY13 66 ……….. reduction in per unit Energy Charges as a result of Market Operations FY12 59 facilitated by necessary transmission 16%↑ infrastructure FY11 57 Short Term Open Access 56BU 67BU 73BU Total 7-9 p.u. ~ 3 p.u. 42 52 50 14 23 15 FY11
Slide 17: Grid Management - Highlights
Grid Management - Highlights REC Mechanism 1REC : 1 MWh Update 456 • 730 RE generators registered with 43.28 aggregate capacity of 3,586 MW as on 28th May, 2013 286 • Wind, Bio-fuel and Biomass constitute 25.89 91% of total registered capacity • May-12: Solar REC trading commences 10.54 10.15 • Sola
Slide 18: Highlights – Consultancy
Highlights – Consultancy FY13 Performance Offers under consideration New Orders Repeat Orders Under • 38 from 33 clients • 13 from 9 clients Execution 19 (Total Project Cost: • 8 Govt. • 124 assignments Assignments ₹726 crore) • 5 Private • Project Cost • 25 Govt. (Balance) ₹12,000 (7 New clients) c
Slide 19: Highlights – International Business
Highlights – International Business FY13 Performance Orders Reach Under Execution • 21 EOIs submitted • 6 New Countries • 9 Orders received approached • 17 assignments • 1st International JV formed Expanding Footprints Commonwealth of Asia Africa Independent States (CIS) Nepal Bhutan Bangladesh Afga
Slide 20: Highlights – Telecom
Highlights – Telecom (₹ In cr.) Revenue PBT Increasing Increasing Increasing Building 244 Reach Volume Clientele partnerships 210 191 • Fiber Optic • Capacity sold • 12 New Govt. • Leasing of 167 153 Network: increased by Clients Optic Fiber 29,250 km 40% over • 6 New Private • RoW on T&D • Points o
Slide 21: Investment & Funding Programme
Investment & Funding Programme Projects/ Schemes (₹100,000 crore) Additional Projects: Tariff Based Bidding Projects; Projects assigned by GoI; Green Energy Corridors; Intra-State Projects; Transnational Interconnections IPPs: ₹48,000 cr Capital Outlay (₹100,000 crore) Investment Approved - ₹ 90,500
Slide 22: New Initiatives- Updates
New Initiatives- Updates JVs for Intra-State Distribution Transmission (Wire Business) JV with Bihar formed Project Cost: ₹6300 crore Petition submitted for license in Odisha Trans. License approved by BERC JV with Odisha formed Hearing held. Project Cost: ₹2500 crore Order awaited. Petition submitt
Slide 23: New Initiatives- Updates
New Initiatives- Updates Smart Grid/ Smart City Green Energy Corridors ₹43,000 cr investment envisaged - Pilot Project in Puducherry under Implementation ₹20,600 (Intra-State) & ₹22,400 (Inter- State) Control Center Operational Being prioritized Establishment of Smart Grid in Dholera Indo-German Co-
Slide 24: Towards New Business Opportunity
Towards New Business Opportunity Desert Power India - 2050 Integration of Power from Deserts • Study on “Desert Power India-2050” Assessment of renewable potential in deserts Rajasthan, Gujarat, Himachal Pradesh and J&K Identification of technology as well as infrastructure developmental requi
Slide 25: Highlights – Sustainability
Highlights – Sustainability Environment and Social Policy & Procedure (ESPP) Principles of Avoidance, Minimization and Mitigation Certified to Social Accountability Standard (SA-8001: 2008) 1st company in Asia to Waste Paper Recycling Plant set up in Haryana have a well defined Environment & S
Slide 26: Highlights – Sustainability
Highlights – Sustainability Corporate Social Responsibility 2nd Sustainability Report released As per policy, 1% of previous year Profit After Tax earmarked for CSR Thrust Areas: Education Health Infrastructure Livelihood Tree Plantation Ecology Environment Natural Calamities One
Slide 27: Thank You
Thank You
Power Grid Corporation of India — FY2013 Earnings Presentation on 6ix