Jsw Energy Limited · NSE:JSWENERGY

Jsw Energy — Q2 FY2013 Earnings Presentation

27 slides from Jsw Energy's earnings presentation, October 2012

  1. Slide 1: Q2 Presentation 2012-13

    Q2 Presentation 2012 - 13

  2. Slide 2: Agenda

    AGENDA SECTOR UPDATE PERFORMANCE HIGHLIGHTS FINANCIAL RESULTS PROJECT UPDATE 2

  3. Slide 3: Sector Update

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  4. Slide 4: Economic Scenario

    ECONOMIC SCENARIO ‰ Global growth continues to be 10.0% IIP Growth weak 8.0% 6.0% ‰ Actions by FED and ECB to spur 4.0% growth and resolve Euro area 2.0% crisis have provided medium term relief 0.0% April May June July Aug ­2.0% ‰ GDP growth of 5.5% in Q1FY Q1FY’13 13 ­4.0% % FY2012 FY2013 was at a

  5. Slide 5: Capacity Profile

    CAPACITY PROFILE Total Installed Capacity Sector and Mode­wise as on 30th Sep, Sep 2012 Sector Capacity (MW)* % Share State Sector 86,281 41.5% Central Sector 62,074 29.9% Private Sector 59 521 59,521 28 6% 28.6% Total 207,876 * including R.E.S R.E.S, 24,998MW , ‰ Capacity addition in H1FY’13 and Hy

  6. Slide 6: Demand Supply Scenario

    DEMAND SUPPLY SCENARIO Power Demand Supply Position Q2FY Q2FY’13 13 (BU) Peak Demand and Peak Met H1FY H1FY’13 13 (GW) 300 18% 160 18% 15.5% 15.3% 250 16% 135 16% 140 250 228 15.0% 123 14% 14% 120 200 10.2% 12% 10.6% 12% 100 8.9% 10% 8.9% 10% 150 8.0% 80 7.6% 8% 7.8% 7.2% 8% 9.0% 4.7% 60 4.7% 100 4.

  7. Slide 7: API Coal Index vis-à-vis US$:₹ Indexed

    vis­à­vis US$:` ­ Indexed API COAL INDEX vis­ 130 API 4 Coal Index USD:Re 120 110 100 90 80 70 60 Apr‐11 May‐11 Jun‐11 Jul‐11 Aug‐11 Sep‐11 Oct‐11 Nov‐11 Dec‐11 Jan‐12 Feb‐12 Mar‐12 Apr‐12 May‐12 Jun‐12 Jul‐12 Aug‐12 Sep‐12 Month API 4 Coal Index USD:` Jun‐12 100 100 J l 12 Jul‐12 101 99 Aug‐12 104

  8. Slide 8: Performance Highlights

    PERFORMANCE HIGHLIGHTS 8

  9. Slide 9: Operational Performance

    OPERATIONAL PERFORMANCE Quarterly Plant­wise Net Generation (MU) ­ YoY Half Yearly Plant­wise Net Generation (MU) ­ YoY Capacity – 2600MW 9,324MU 86% 77% Net Generation – 4,593MU Ratnagiri Ratnagiri 2 177 2,177 Vijayanagar 4 392 4,392 Capacity – 2,030MW 5,016MU Vijayanagar 3,496 Net Generation – 2,5

  10. Slide 10: Sale of Power

    SALE OF POWER Sales Mix (MU) 8,968 90% 4,269MU 48% 4,730 84% 4,237 1,311MU 28% 4,699MU 2,036MU* 2,308 48% 3,419MU 72% 52% 639MU* 28% 2,201MU , 1,669MU 72% 52% Q2 FY2012 Q2 FY2013 H1 FY2012 H1 FY2013 Short Term Sales Long Term Sales * Including power conversion of 313MU (229MU previous quarter) Reali

  11. Slide 11: Financial Results

    FINANCIAL RESULTS

  12. Slide 12: Consolidated Results

    CONSOLIDATED RESULTS Q2FY2012 H1FY2012 Q2FY2013 H1FY2013 1,067 2,362 Turnover (` Crores) 2,122 (99% ) 4,390 (86% ) 188 603 EBITDA (` Crores))) 622 (231% ) 1,282 (113% ) 18% 26% EBITDA (%) 29% 29% 151 285 Interest (` Crores)) 228 471 110 215 Depreciation (` Crores) 161 330 (159) 18 PBT (` Crores) 326

  13. Slide 13: Consolidated Financial Highlights

    CONSOLIDATED FINANCIAL HIGHLIGHTS 30th Sep 2011 30th Sep 2012 N tW Net Worth th (` Crores) C ) 5 672 5,672 5 947 5,947 Debt (` Crores) 9 809 9,809 10 144 10,144 Net Fixed Assets (` Crores) 14,900 15,363 @ Debt Equity Ratio (times) 1.73 1.71 Weighted Average Cost of 11.19% 11.20% Debt @Including CWIP

  14. Slide 14: Financial Highlights - Consolidated

    FINANCIAL HIGHLIGHTS - CONSOLIDATED Particulars Q2FY’13 % Inc Remarks (` crores) Revenue from Operations p • Increase in Sales ‐ higher g ggeneration;; ‐ Sale of Power 1,683 109% higher merchant tariff & includes power ‐ Transmission 27 117% conversion of `41 crs (PY `30 crs) ‐ Power Traded 307 251%

  15. Slide 15: Consolidated Financial Trends

    ‐ ‐ 100 200 300 400 500 600 700 500 1,000 1 000 1,500 2,000 2,500 3,000 3 000 3,500 4,000 4,500 5,000 Q1 Q1 FY FY 10 10 Q2 Q2 FY FY 10 1 Q3 Q3 0 FY FY 10 10 Q4 Q4 FY FY 10 10 Q Q1 1F FY Y 11 1 Q EBITDA (` Crs) Q2 1 2F FY Y 11 11 Q3 Q3 FY FY 11 1 Net Generation (MU) Q4 Q4 1 FY FY 11 11 Q1 Q1 FY FY 12

  16. Slide 16: Projects Update

    PROJECTS UPDATE

  17. Slide 17: Raj West Power Ltd. I

    RAJ WEST POWER LTD. I Project Details Status Update Gross Capacity p y 1,080 , MW ((8 x 135)) • Unit V synchronized on 30th March, 2012 Sub­critical Captive Lignite based Technology • Unit VI synchronized on 23rd June, TPP 2012 FSA with BLMCL (49% JV) for supply Fuel Linkage of lignite from captive

  18. Slide 18: Chattisgarh Power Project

    CHATTISGARH POWER PROJECT Project Details Status Update • PPA signed with GoCG for 35% of Gross Capacity p y 1,320 , MW ((2 x 660)) power p • Water allocation obtained Super­critical domestic coal based Technology TPP p g p y survey • Topography y and ggeo­technical investigations completed 11% inte

  19. Slide 19: Kutehr Hydro Project

    KUTEHR HYDRO PROJECT Project Details Status Update • Techno Economic Clearance from CEA Gross Capacity 240 MW (3 x 80) received • MOEF accorded Forest stage I clearance & Environment clearance gy Technology Run­of­the­river Hydropower y p • Pre­qualification of vendors for electro mechanical & hydro

  20. Slide 20: West Bengal Power Project

    WEST BENGAL POWER PROJECT Project Details Status Update Gross Capacity 1320 MW (2 x 660) • Land in possession Technology 1,320 MW ­ Super­critical TPP • Supplementary agreement to PPA offering 40% output from Unit II & III signed with WBEDCL Ichhapur Mines­ WBMDTC to Fuel Linkage supply fuel 40% to

  21. Slide 21: JSWEL, Vijayanagar

    JSWEL, VIJAYANAGAR Project Details Status Update Gross Capacity 660 MW (1 x 660) • Land identified Technology Super critical coal based TPP • TOR cleared by MOEF Imported coal / Domestic • Plant layout finalised Fuel Linkage linkage coal • Soil Investigation completed Water Source Almatti Dam • Publ

  22. Slide 22: Raj West Power Ltd. II

    RAJ WEST POWER LTD. II Project Details Status Update Gross Capacity 270 MW (2 x 135) • Land in possession Subcritical Captive lignite based Technology TPP • Applied for coal linkage • Government consent awaited Fuel Linkage Applied to Ministry of Coal Water Allocation from IGNP Allocation Short Term

  23. Slide 23: JSW Energy Ratnagiri Expansion

    JSW ENERGY RATNAGIRI EXPANSION Project Details Status Update Gross Capacity 3,200 MW (4 x 800) •Substantial land in possession Super­critical imported coal based Technology •Approvals awaited TPP Letter of support from Government Authority of Maharashtra Fuel Linkage Imported Coal Water Allocation S

  24. Slide 24: Domestic Mining Projects

    DOMESTIC MINING PROJECTS Status Update • Mining lease transferred f in the name off BLMCL BLMCL­ Kapurdi Mine • Production of 0.79 Million Tons in Q2FY’13 • Lignite supplied to Power plant 0.79 Million Tons • MOEF Clearance received BLMCL­ Jalipa Mine • Mine development plan approved • Land acquisit

  25. Slide 25: Overseas Coal Project

    OVERSEAS COAL PROJECT SACMH Status Update Location Umlabu (Wit Bank Region), South Africa • Raw Coal produced during Q2FY’13: 71,530 tonnes • Richard’s Bay Coal Terminal Entitlement • Total Sales during Q2FY’13: for 0.5 MTPA 72,023 tonnes Concessions (YTD Sales: 122,953 tonnes) • Railway a way ssidi

  26. Slide 26: Forward Looking & Cautionary Statement

    FORWARD LOOKING & CAUTIONARY STATEMENT Certain statements in this report concerning our future growth prospects are forward looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The r

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