Tata Power Company Limited · NSE:TATAPOWER
Tata Power — The Tata Power Company — Q2 FY2025 Earnings Presentation
70 slides from Tata Power's earnings presentation, Oct 30, 2024
Slide 1: The Tata Power Company Limited Financial Results Q2 FY25
The Tata Power Company Limited F I N A N C I A L R E S U LT S – Q 2 F Y 2 5 30 OCTOBER 2024
Slide 2: 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 3: Agenda
Agenda 04 About Tata Power 10 Sustainability: Manifesting a Greener Tomorrow 23 Industry Highlights 30 Business Highlights 43 Operational & Financial Highlights 49 Annexures 67 What sets us Apart
Slide 4: About Tata Power Company Limited (TPCL)
About Tata Power Company Limited (TPCL) tatapower.com tatapower.com 4 55MW AC Palaswadi, Maharashtra
Slide 5: India's largest vertically-integrated power company
India’s largest vertically-integrated power company New-age Energy Solutions Generation ~12.8 GW 8.8+ GW 7,049 Ckm Clean & Green Energy Thermal energy generation Transmission capacity (Including 6.5 GW in pipeline) (Installed capacity) (Including 2,416 Ckm in pipeline) 12.5 Mn 2.8 GW ~₹15,900+ Cr So
Slide 6: 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) 15,221 MW 443 MW 4,004 MW 6,447* MW Waste Heat Solar Clean & Green capacity Total Recovery /BFG under construction Distribution of installed capaci
Slide 7: Assets located outside India
Assets located outside India Georgia, Adjaristsqali Bhutan, Dagachhu 187 MW 50% 126 MW 26% Bhutan, Khorlochhu Installed capacity TPCL stake 600 MW 40% Installed capacity TPCL stake Pipeline capacity TPCL stake Indonesia Coal Mines Coal mines Tata Power Share % Kaltim Prima Coal (KPC) 30% 78 MT Zambi
Slide 8: Financial performance consistently improving over the years
Financial performance consistently improving over the years Revenue (in ₹ Cr) EBITDA (in ₹ Cr) Underlying EBITDA (in ₹ Cr) 32,057 7,158* 7,682** H1 FY25 H1 FY25 H1 FY25 FY24 61,542 FY24 12,701 FY24 13,878 FY23 56,033 FY23 10,068 FY23 13,268 FY22 42,576 FY22 8,192 FY22 10,134 FY21 33,239 FY21 7,978 F
Slide 9: Clean & Green to account for ~59% capacity post project completions
Clean & Green to account for ~59% capacity post project completions Tata Power Capacity Current Operational Capacity share (IN MW ) (IN %) 43 Thermal Hydro 23 Wind 58 Solar 6 6 Hybrid WHRS/BFG* Capacity share post completion of projects (IN %) 2 Thermal 25 41 Hydro Wind Total Solar 21 Thermal Hydro
Slide 10: 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 tatapower.com 10
Slide 11: Our sustainability aspirations (E, S, G)
E 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.) S Education : Empl
Slide 12: Taking leaps towards our ESG goals
Taking leaps towards our ESG goals Bas el i ne Target Parti cul ars Des cri pti on On going actions Val ue (FY24) Year Val ue Year • 42% Clean & Green portfolio currently; 59% Clean & Green capacity Clean & Green Portfolio 16%* 2015 70% 2030 post completion of projects in pipeline. • SBTi Commitment
Slide 13: 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 Capacity will Phasing out thermal portfolio having capacities to fulfil the clean and green portfolio account for 70% of our overall before 2045* as Power
Slide 14: 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 15: 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 (Higher score is better) A BBB BBB BB BB BB MSCI 37.7 38.5 41.2 38.6 - - Sustainalytics (Lower score is better) Dates of last published ratings: CDP – Wate
Slide 16: Biodiversity Action Plans and TNFD pilot
Present across 5 Ecosystems Biodiversity Action Plans for all sites TNFD pilot completed No Net Loss for Biodiversity Action plan for 60 solar sites & 22 wind sites Active partnerships with Government bodies, CII – IBBI, IUCN, SNEHA NGO, ICICI Foundation, Godrej 16
Slide 17: Empowering Communities
Empowering Communities 62.67 14.73 lakhs lakhs (FY24) Outreach FY25(Q2) Reaching out by Strengthening Public Private Improving Far Community Institutions Partnerships access Reaching (Collaboration & & creating Impact on Leverage) opportunities Community and Co- ownership 100+ Optimal Green Technolo
Slide 18: Key Programmes Footprint and Inclusion Focus
Key Programmes Footprint and Inclusion Focus CSR footprint Tata Power footprint Density areas TP presence 15 110+ 18 AA Density map 18 Aspirational Districts Districts States
Slide 19: Thought Leadership for Social Inclusivity
Thought Leadership for Social Inclusivity • Pay Autention Bridgital Network and the toll-free helpline NGOs promotes phygital support services and capability- building for neurodiverse individuals & care-givers; easing Clinical facilities home-care & early diagnosis in India Corporates • 71 network
Slide 20: Well-established Governance Systems
Well-established Governance Systems 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 encompass
Slide 21: 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 22: Awards & Recognition
Awards & Recognition Odisha CSR and Sustainability Excellence awards 2024 Tata Power awarded in the large cap companies’ for promotion of traditional and craft category at the KPMG ESG Conclave & Awards Tata Power has been honored with the Mahatma Award 2024 for CSR Excellence—our second consecutive
Slide 23: Industry Highlights
Industry Highlights tatapower.com tatapower.com 23 Chengmari, West Bengal
Slide 24: Power Demand up 5.3% Y-o-Y in H1 FY25
Power Demand up 5.3% Y-o-Y in H1 FY25 despite muted Q2 India has one of the lowest Ratio of Power Generation Monthly Energy Requirement Coal-based plants' PLF decreased power consumption per capita Growth to GDP growth has (IN BUs) in Q2FY25 due to higher rains y-o-y (IN KW H) increased in the past
Slide 25: RE accounted for 100% of Capacity additions in India during H1 FY25
RE accounted for 100% of Capacity additions in India during H1 FY25 Total Installed Capacity in India 1.9GW added in Sep-24 10.7GW added in H1FY25* Renewables (incl. Hydro) accounted for currently stands at ~453GW* (IN GW ) (IN GW ) ~100% of H1FY25 capacity additions (IN %) Thousands 0.1 1.4 4% 7.0
Slide 26: Cell and Module prices continue to decline; Coal has stabilized
Cell and Module prices continue to decline; Coal has stabilized Price Movement of Polysilicon & Wafer Price Movement* of Solar Cell & Module Thermal Coal Prices (US$/t) 42 1.4 0.28 450 35 1.2 400 1.0 0.23 28 350 0.8 300 0.18 21 250 0.6 0.13 200 14 0.10 0.4 139.54 150 5.86 0.08 7 0.2 100 0.04 109.35
Slide 27: RE auctions at a record ~23 GW in H1 FY25
RE auctions at a record ~23 GW in H1 FY25 Minimum e-reverse auction tariff’s (₹/kWh) have Renewable energy auction volumes (GW) declined in H1 FY25 4.4 4.5 4.3 9.7 4.0 3.8 3.6 5 3.5 3.3 3.3 3.3 3.3 1.2 3.2 3.2 1.4 2.2 3.3 1.7 1.8 3.2 3.0 2.8 3.1 3.1 2.8 1.8 2.8 0.8 2.7 2.7 2.5 5.6 2.5 2.5 2.7 2.5 0.
Slide 28: Transmission auction bids continue to surge in H1 FY25
Transmission auction bids continue to surge in H1 FY25 USD110 Bn transmission Capex anticipated in Transmission Auction bids in H1 FY25 have already India between FY25-32E (USD Bn) crossed the bids in FY24 (in ₹ Bn) Intra-State, USD 32 bn Inter-State Transmission System Intra-State 512 Transmission
Slide 29: India Distribution: On the mend but concerns remain
India Distribution: On the mend but concerns remain All India AT&C losses (%) have declined but still RDSS and LPS have helped reduce DISCOM dues (in ₹ Cr) high at 15.4% in FY23 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 26,242 21.5 25,016 21,638 20.7 16.
Slide 30: Business Highlights
Business Highlights tatapower.com tatapower.com 30
Slide 31: Key Highlights
Key Highlights Tata Power surpasses ₹1.5 trillion Tata Power has energized 106 Solar Rooftop business has The company has Tata Power received Letter Market Capitalization in Q2FY25 public EV charging points in collaborated with ICICI Bank added 62 bus chargers of Intent (LOI) for a 377 Q2 FY25 takin
Slide 32: Solar Utility Scale EPC (incl. Group Captive) Update
Solar Utility Scale EPC (incl. Group Captive) Update WELL DIVERSIFIED UTILITY Utility Scale EPC & Group Captive BUSINESS UPDATES SCALE ORDER BOOK Order Book (IN ₹ CRORE) • Utility Scale (including CUSTOMER ORDER BOOK (₹ CR) Group Captive) Solar EPC business has won 370MW Tata Power Group 7,485 order
Slide 33: Solar Rooftop – Q2 FY25 Highlights
Solar Rooftop – Q2 FY25 Highlights 3 rd PARTY ROOFTOP ORDER BOOK (₹ cr.) Revenue of 3 rd Party Rooftop (In ₹ Crore) 55 Q2 FY25 439 Q1 FY25 399 5 Q2 FY24 314 Order book at Orders received Q2 Order book at the end in Q2 Revenue the end of Q1 FY25 of Q2 FY25 3rd PARTY ROOFTOP • Order Book at Q FY stand
Slide 34: Tata Power – EZ Charge
Tata Power – EZ Charge OPERATIONAL EV CHARGING PLATFORM HIGHLIGHTS STATISTICS BUSINESS HIGHLIGHTS 5,675 Public & Captive Charging Points (energized) till date 284k+ Registered Users • MoU signed with Tata 5,569 106 258 26 Motors for 200 DC Fast chargers for electric 590 Cities and tow ns covered com
Slide 35: Odisha Discoms – Q2 FY25 Highlights
Odisha Discoms – Q2 FY25 Highlights STRONG OPERATIONAL PERFORMANCE ACROSS ALL DISCOMS THEFT M ETERS 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 Smart M eters REDUCING AT&C LOSSES => (₹Crs) Installed till PROM IS
Slide 36: 4.3 GW Cell and Module Manufacturing Plant - Update
4.3 GW Cell and Module Manufacturing Plant - Update 10+ MW daily 2GW Mono PERC Cell line module output commissioned in Q2FY25; 0.3GW TOPCon line to be achieved in the Remaining 2GW line to be commissioned in Q4FY25 month of July commissioned in Nov’24 2024 tatapower.com tatapower.com 36
Slide 37: 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 Why The Scheme Works Central Sr. Type of Residential Financial Cost to Customer 1 Cr No. Segment Assistance (CFA) • Attractive subsidies till 3 kW • Program beneficial for developers also as Househo
Slide 38: 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 39: Notable Utility Scale FDRE/Hybrid Tenders won recently
Notable Utility Scale FDRE/Hybrid Tenders won recently SJVN 460MW* FDRE NTPC 200MW* FDRE MSEDCL 400MW* Hybrid PH IV Tariff (₹/unit) 4.38 4.71 3.60 e-RA date 7 Nov 2023 22 Mar 2024 16 Aug 2024 Total capacity (MW) 1,317 MW 585 MW 501 MW Tender type FDRE FDRE Hybrid Capacity sizing (x) ~3x ~3x ~1.3x Ex
Slide 40: Pumped Storage Hydro Plants (PSP)- Project Update
Pumped Storage Hydro Plants (PSP)- Project Update 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 ~348 MCM New -15 MCM (million cubic meters) Lower Reservoir Lower Reservoir Existing Shirwat
Slide 41: Update on Khorlochhu Hydro Project in Bhutan
Update on ₹6,900Cr Khorlochhu Hydro Project in Bhutan: Executed definitive SHA* for 40% share 400 KV Line 220 KV Line Proposed Hydro Existing Hydro station / Future station potential NIkachhu 118 MW Mangdechhu Semtokha 720MW Khorlochhu Hydro Project Basochhu 600 MW 64 MW Kurichhu 60 Chukkha 336 MW D
Slide 42: Transmission- Recent wins of ₹7,100cr.
Transmission- Recent wins of ₹7,100cr. to expand transmission portfolio Received LOA Received LOA Received LOI Received LOI Project: Project: Project: Project: Jalpura Khurja Power Rajasthan Phase IV Part C Paradeep Transmission ERES XXXIX Transmission Transmission Limited (682 Ckm) (384 Ckm) (377Ck
Slide 43: Operational & Financial Highlights
Operational & Financial Highlights tatapower.com tatapower.com 43
Slide 44: Q2 FY25 Operational Highlights
Q2 FY25 Operational Highlights Generation - Availability Plant Load or Capacity Utilization Factor AT&C Losses - Distribution IN % IN % IN % 100 100 100 100 100 98 98 98 98 83 94 9.0 91 91 78 75 71 8.1 81 7.6 7.4 73 7.1 60 50 54 46 5.1 43 45 32 32 26 22 21 20 0.2 0.0 0.5 (0.2) Thermal Mundra MO Hydr
Slide 45: H1 FY25 Operational Highlights
H1 FY25 Operational Highlights Generation - Availability Plant Load or Capacity Utilization Factor AT&C Losses - Distribution IN % IN % IN % 100 99 98 100 100 79 98 77 9.0 92 93 8.1 7.1 57 67 64 51 48 45 5.1 28 27 23 23 0.5 0.0 Thermal Mundra MO Hydro WIND SOLAR SOLAR MO- Thermal Mundra MO Hydro WIN
Slide 46: Financial Highlights – Q2 FY25
Financial Highlights – Q2 FY25 (In ₹ Cr) Posted Y-o-Y PAT growth for the 20th consecutive quarter Revenue EBITDA* Underlying EBITDA -1% -9% 23% 14% (including share of JVs and Associates) 21% 11% Q2 FY25 15,247 Q2 FY25 3,808 Q2 FY25 4,043 Q1 FY25 16,810 Q1 FY25 3,639 Q1 FY25 3,350 Q2 FY24 15,442 Q2
Slide 47: Financial Highlights – H1 FY25
Financial Highlights – H1 FY25 (In ₹ Cr) Robust fundamentals as core businesses reported highest ever EBITDA in H1 FY25 Revenue EBITDA* Underlying EBITDA 5% 17% (including share of JVs and Associates) 15% H1 FY25 32,057 H1FY25 7,158 H1FY25 7,682 H1 FY24 30,446 H1FY24 6,092 H1FY24 6,694 *Reported EBI
Slide 48: Comfortable Debt Position For Sustainable Growth
Comfortable Debt Position For Sustainable Growth Net Debt Net Debt has increased Q-o-Q due to higher capex requirements (In ₹ Cr) (In ₹ Cr) Q2 FY25 43,580 Q1 FY25 42,467 Q2 FY24 36,609 Balance Sheet continues to be strong Q1 FY25 Cash from Income Others WC Changes Interest Business as Capex Q2 FY25
Slide 49: Annexures
Annexures tatapower.com tatapower.com 49 88MW Floating Solar Omkareshwar, Madhya Pradesh
Slide 50: Entity-wise Consolidated Performance – Q2FY25
Entity-wise Consolidated Performance – Q2FY25 ₹ Crore unless stated Particulars Op Income EBITDA^^ PAT Q2 FY25 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Q2 FY24 Consolidated before exceptional items 15,247 15,442 3,808 3,087 1,533 1,017 Standalone & Key Subsidiaries Tata Power (Standalone) 4,630 5,095 2,013 1
Slide 51: Entity-wise Consolidated Performance – H1FY25
Entity-wise Consolidated Performance – H1FY25 ₹ Crore unless stated Particulars Op Income EBITDA^^ PAT H1 FY25 H1 FY24 H1 FY25 H1 FY24 H1 FY25 H1 FY24 Consolidated before exceptional items 32,057 30,446 7,158 6,092 2,721 1,924 Standalone & Key Subsidiaries Tata Power (Standalone) 10,123 10,101 3,812
Slide 52: Cluster-wise Consolidated Performance – Q2FY25
Cluster-wise Consolidated Performance – Q2FY25 ₹ Crore unless stated Particulars Op Income EBITDA^^ PAT Q2 FY25 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Q2 FY24 Consolidated before exceptional items 15,247 15,442 3,808 3,087 1,533 1,017 Thermal Generation, Coal and Hydro 4,309 4,973 993 1,119 644 682 Maithon
Slide 53: Cluster-wise Consolidated Performance – H1FY25
Cluster-wise Consolidated Performance – H1FY25 ₹ Crore unless stated Particulars Op Income EBITDA^^ PAT H1 FY25 H1 FY24 H1 FY25 H1 FY24 H1 FY25 H1 FY24 Consolidated before exceptional items 32,057 30,446 7,158 6,092 2,721 1,924 Thermal Generation, Coal and Hydro 9,526 9,800 1,940 2,107 1,192 1,371 M
Slide 54: Tata Power (Consolidated) Performance
Tata Power (Consolidated) Performance ₹ Crore unless stated Particulars Q2 FY25 Q2 FY24 Var H1 FY25 H1 FY24 Var Quarter Variance Remarks Lower PLF in Mundra, lower execution of EPC Operating Income 15,247 15,442 (195) 32,057 30,446 1,611 Projects offset with favourable order impact in TPDDL. Operati
Slide 55: Tata Power (Standalone) Financial Performance
Tata Power (Standalone) Financial Performance ₹ Crore unless stated Particulars Q2 FY25 Q2 FY24 Var H1 FY25 H1 FY24 Var Quarter Variance Remarks Lower PLF in Mundra somewhat offset by higher Operating Income 4,630 5,095 (465) 10,123 10,101 22 Mus sold and higher O&M entitlement Operating Expenses 3,
Slide 56: Maithon Power Limited - Highlights
Maithon Power Limited - Highlights ₹ Crore unless stated Particulars Q2 FY25 Q2 FY24 Var H1 FY25 H1 FY24 Var Quarter Variance Remarks Generation (MUs) 1,904 2,051 (147) 3,971 4,049 (78) Sales (MUs) 1,892 2,026 (134) 3,934 4,039 (105) Availability (%) (Plant) 93% 94% -1% 96% 95% 1% PLF (%) 82% 89% -7
Slide 57: Prayagraj Power Generation Co. Ltd. - Highlights
Prayagraj Power Generation Co. Ltd. - Highlights ₹ Crore unless stated Particulars Q2 FY25 Q2 FY24 Var H1 FY25 H1 FY24 Var Quarter Variance Remarks Generation (MUs) 3,206 3,334 (128) 6,754 6,568 186 Sales (MUs) 3,017 3,144 (127) 6,371 6,195 176 Availability (%) 92% 92% 0% 93% 92% 1% PLF % 73% 76% -3
Slide 58: Tata Power Delhi Distribution Ltd. - Highlights
Tata Power Delhi Distribution Ltd. - Highlights ₹ Crore unless stated Particulars Q2 FY25 Q2 FY24 Var H1 FY25 H1 FY24 Var Quarter Variance Remarks Purchase (MUs) 3,481 3,427 54 6,843 6,222 621 Sales (MUs) 3,294 3,225 69 6,460 5,851 609 Revenue Per Unit 9.3 9.0 0.3 9.7 9.7 (0.0) PPC Per Unit 6.7 7.0
Slide 59: Q2 FY25 Odisha Discoms – Highlights
Q2 FY25 Odisha Discoms – Highlights ₹ Crore unless stated Particulars TPCODL TPSODL TPWODL TPNODL Q2 FY25 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Q2 FY24 Purchase (MUs) 3,196 3,090 1,163 1,128 2,867 3,206 1,944 1,938 Sales (MUs) 2,554 2,423 886 847 2,385 2,638 1,675 1,665 Revenue per unit 5.
Slide 60: H1 FY25 Odisha Discoms – Highlights
H1Y25 Odisha Discoms – Highlights ₹ Crore unless stated Particulars TPCODL TPSODL TPWODL TPNODL H1 FY25 H1 FY24 H1 FY25 H1 FY24 H1 FY25 H1 FY24 H1 FY25 H1 FY24 Purchase (MUs) 6,818 6,292 2,449 2,298 6,187 6,370 4,086 3,846 Sales (MUs) 5,414 4,867 1,857 1,731 5,135 5,235 3,513 3,296 Revenue per unit
Slide 61: RE Generation
RE Generation* ₹ Crore unless stated Particulars Q2 FY25 Q2 FY24 Var H1 FY25 H1 FY24 Var Quarter Variance Remarks Capacity - Total (MW) 5,029 4,190 839 5,028 4,190 838 Capacity - Wind (MW) 1,030 1,003 27 1,030 1,003 27 Capacity - Solar (MW) 3,998 3,186 812 3,998 3,186 812 Generation (MUs) 2,523 2,15
Slide 62: Solar EPC – Highlights
Solar EPC – Highlights ₹ Crore unless stated Particulars Q2 FY25 Q2 FY24 Var H1 FY25 H1 FY24 Var Quarter Variance Remarks Operating Income 3,013 1,910 1,103 5,184 3,402 1,782 Higher execution of EPC projects Operating expenses 2,794 1,783 (1,011) 4,889 3,235 (1,654) Operating profit 219 126 93 294 1
Slide 63: Renewables – Consolidated View
Renewables – Consolidated View ₹ Crore unless stated Key Parameters - Renewables Q2 FY25 Q2 FY24 H1 FY25 H1 FY24 Revenue 1,920 2,146 4,297 4,235 EBITDA 1,002 813 1,956 1,720 PAT (before exceptional items) 300 186 573 426 Gross Debt 25,587 16,321 25,587 16,321 Net Debt 24,775 13,585 24,775 13,585 Net
Slide 64: Regulated - Equity And Assets
Regulated - Equity And Assets ₹ Crore unless stated Particulars Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Regulated Equity Mumbai Operation 4,913 4,935 4,914 4,673 4,661 Jojobera 551 551 554 548 548 Tata Power Delhi Distribution (100%) 2,035 2,018 2,008 1,961 1,953 TP Central Odisha Dist Ltd (100%) 69
Slide 65: Key Segments - Debt Profile
Key Segments - Debt Profile ₹ Crore unless stated Total Gross Debt (LT + ST) Company Quarterly movement Remarks Q2 FY25 Q1 FY25 QoQ Q2 FY24 YoY Tata Power (Standalone) 17,542 19,072 (1,529) 21,385 (3,843) Maithon 1,472 1,402 70 1,640 (168) Coal SPVs + TPIPL 4,263 4,177 86 4,442 (179) TPREL & Subsidi
Slide 66: Tata power - Debt Profile
Tata power - Debt Profile ₹ Crore unless stated Consolidated Particulars Q2 FY25 Q1 FY25 Q2 FY24 Rupee Forex Total Total Total Long term 37,356 1,877 39,232 38,424 33,129 Short term 4,919 756 5,675 6,529 7,859 Current Maturity of LT 7,455 1,630 9,085 7,444 7,370 Total Debt 53,992 52,397 48,358 Less:
Slide 67: What sets us apart
What sets us apart
Slide 68: 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 69: 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) H1FY25 32,057 7,158 43,580 2,721 Thermal Generation, Coal & Renewables^ Transmission & distribution Eliminations/ Others Hydro
Slide 70: Thank You!
Thank You! www.tatapower.com 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 — Q2 FY2025 Earnings Presentation on 6ix