Power Grid Corporation Of India Limited · NSE:POWERGRID
Power Grid Corporation Of India — FY2013-14 Earnings Presentation
29 slides from Power Grid Corporation Of India's earnings presentation, May 30, 2014
Slide 1: FY 2013-14 Press Meet
FY 2013-14 PRESS MEET Mumbai 30 May, 2014
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: FY14: Major Highlights agenda
FY14: Major Highlights POWERGRID Overview Power Sector Overview FY14- Financial Results Highlights- Financial, Projects, Operations and Grid Management Highlights- Diversifications Investment & Funding Programme New Initiatives- Updates Highlights- CSR & Sustainability Power Transmission- Outlook ON
Slide 4: FY14: Major Highlights
FY14: Major Highlights Indo-Bangladesh Power Highest ever IR NTAMC Operation Synchronized Capacity Enhancement National Grid Exchange commences commenced in a year 765kV Delhi ring 765kV/800kV Central Grid MOU for TS of Sambhar Work for R&D Center and completed completed Solar UMPP signed Leadership
Slide 5: POWERGRID Today
POWERGRID Today CENTRAL LISTED GOVT. PAYING A ‘NAVRATNA’ SHAREHOLDING TRANSMISSION COMPANY DIVIDEND SINCE ENTERPRISE UTILITY since 2007 57.90% 1993-94 Vision World Class, Integrated, Global Transmission Company With Dominant Leadership in Emerging Power Markets Ensuring Reliability, Safety and Econo
Slide 6: POWERGRID Group
POWERGRID Group Government Institutions Non-Institutions of India 57.90 % 34.63% 7.47% Joint Ventures Subsidiaries Investment (% POWERGRID equity holding) (100%) 4.1% Powerlinks Trans. Teesta Valley Power POSOCO PTC India Ltd. Ltd. (49%) Trans. Ltd. (26%) (Grid Management) Torrent Power Grid Nationa
Slide 7: Power Sector Overview
Power Sector Overview XII Plan Addn. (till Apr’14) : 45GW IR Cap: XII Plan Addn. (till Apr’14) : 10.8GW Energy Generated (BU) Peak Deficit (%) Energy Deficit (%) 966 FY12 FY13 FY14 FY12 FY13 FY14 291 275 243 257 912 223 38.55 200 29.5 29.75 30 877 27.5 27.75 24.5 23 10.60% 9.00% 15 8.50% 8.70% 4.50%
Slide 8: Financial Highlights FY14
Financial Highlights FY14 (₹ in crore) Quarter ended Year ended Description 31.03.2014 31.03.2013 31.03.2014 31.03.2013 Income - Transmission Charges 3752 3198 14327 12212 - Consultancy – Services 147 35 333 228 - Consultancy – Sale of Products 22 87 294 87 -Telecom 65 61 276 231 - Other Income 197
Slide 9: Financial Highlights FY14
Financial Highlights FY14 (₹ in crore) Description As on 31.03.2014 As on 31.03.2013 Gross Fixed Assets 96504* 80600 Capital Work-in-Progress 53330 ** 40153 Debt 80470 66188 Net Worth 34413 26213 Earning Per Share (₹) 9.36 9.15 Book Value per Share (₹) 65.78 56.62 Key Financial Ratios Debt : Equity
Slide 10: Financial Highlights – 4 years
Financial Highlights – 4 years Accelerated Asset Creation …. …. has led to increased profits … PAT Income CWIP Gross Fixed Assets 96,504* 80,600 63,387 53,330** 50,343 43,202 33,275 40,153 20,422 26,625 13,329 15,721 7,504 9,099 10,785 2,041 2,697 3,255 4,235 # 4,497 FY10 FY11 FY12 FY13 FY14 * Exclu
Slide 11: Financial Highlights – 4 years
Financial Highlights – 4 years Higher capitalization, continuous … coupled with improved efficiency in investments … project management … (₹ in crore) CWIP Capex Capitalisation (Installed) 22,324 31,851 20,037 17,814 17,754* 21,037 21,479 17,213 14,100 17,701 Const. Stores & Advances 12,005 19,115 1
Slide 12: Financial Highlights – 4 years
Financial Highlights – 4 years …. assisted by enhanced employee … has led to enhanced stakeholders efficiency…. returns Profit Income Dividend per Share Earnings per Share Book Value per Share 65.78 1.72 1.43 56.62 50.73 1.12 0.93 46.12 0.45 0.49 0.28 0.34 6.19 7.03 9.15 9.36 FY11 FY12 FY13 FY14 1.7
Slide 13: Utilization of FPO funds- Update
Utilization of FPO funds- Update TS associated with Rihand-III & V’chal-IV FPO funds TS for Phase-I Generation Projects in Odisha (Part-C) SRSS - XIX TS associated with Krishnapatnam (Part-B) Funds raised: Establishment of Pooling Stations at Champa and ₹ 5321 crore Raigarh (near Tamnar) f
Slide 14: FY14: Billing & Realization
FY14: Billing & Realization Billing Realization %age realization ₹ 14,556 Crore ₹ 14,393 Crore 98.87% Avg. Monthly Billing: ₹ 1,213 crore => 2mnths (60 days’) billing = ₹ 2,426 crore Dues as on 30.04.2014 Balance due but not outstanding (<60 days allowed as per CERC) = ₹ 1,058 crore Description ₹ in
Slide 15: Project Highlights- Major Projects Commissioned in FY14
Project Highlights- Major Projects Commissioned in FY 14 Transmission Lines Sub-Stations Inter-Regional Capacity 17 Nos. ~ 10,076 GW-ckm 6,300 MW ~ 41,160 MVA Major Lines Sub-stations Inter-Regional • Agra – Jhatikara • Agra - Meerut •Raigarh (Kotra) • Sasaram - Fatehpur II • Sasaram – Fatehpur II •
Slide 16: Projects in FY15
Projects in FY15 Transmission Lines Sub-Stations Inter-Regional Capacity 15 Nos. ~ 15,000 GW-ckm 7,300 MW ~ 30,000 MVA Major Lines Sub-stations Inter-Regional • Nellore-Thiruvalem • Bina – Gwalior •Rangpo (GIS) • Champa-Raipur, Champa-Dharamjaygarh •Shahjahanpur • Barh - Gorakhpur • Indore - Vadodar
Slide 17: TBCB Projects
TBCB Projects Aggregate Levelised Participation Success Tariff 15 Projects 6 (40%) ₹ 565 crore Unchahar Trans. Ltd NRSS-XXXI-A Trans. Ltd. Licenses received. Contracts awarded. Projects SPV acquired SPV acquired commenced. on 24.03.14 on 12.05.14 POWERGRID NM Transmission Ltd. TS for connectivity of
Slide 18: Operational Highlights
Operational Highlights Tr. lines Sub-stations: 184 Nos. X-formers: ~700 nos. Assets under • 885 nos. • 10 GIS Xfn Capacity: 205,923 MVA management • 51 remotely managed (Mar-14) • 106,804 ckm Reactors: ~ 850 nos. • 12 unmanned 765kV 400kV & HVDC (<400kV) Changing Asset Profile 765kV 400kV & HVDC <40
Slide 19: O&M Initiatives
O&M Initiatives NTAMC Aerial Patrolling • Operation commenced. 43 S/S connected. • 550km patrolling (TL) completed • Real time Video Monitoring • Total scope 15,000 route km • Maintenance Service Hubs for corrective action • Lines in WR, SR and NR (Himachal) covered till now Upcoming Initiatives in
Slide 20: R&D and New Technology Initiatives
R&D and New Technology Initiatives 1200kV UHVAC Technology Simulation • Field Trial since 2012 and Lab facilities • Feedback is satisfactory TL & S/S Advanced Design diagnostics Superconductor Technology Smart Grid R&D • Use of High Temperature Superconducting (HTS) Cable – EoIs being invited in Jun
Slide 21: Grid Management- Highlights
Grid Management- Highlights Inter-Regional Exchange (BU) 78 Short Term Open Access Energy(BU) Bilateral Energy (BU) Collective Average Daily Volumes (MU) 66 30 23 15 • Bilateral: 156 59 14 52 57 • Collective: 82 50 57 42 • STOA: 238 FY11 FY12 FY13 FY14 FY11 FY12 FY13 FY14 Impact of STOA: Reduction i
Slide 22: Highlights – Consultancy
Highlights – Consultancy FY14 Performance New Orders Under Execution FY15 Update • 5 Orders received 37 New Orders from 27 clients 120 assignments Project Cost: ~ ₹ 4900 crore Project Cost (Bal.): ~₹ 15,000 crore Major Assignments NER Power System Improvement Project (6 NE States) Evacuation Syst
Slide 23: Highlights – International Business
Highlights – International Business FY14 Performance Activities Success Status FY15 Update 7 Orders received 26 EOIs submitted 20 projects under Execution • 2 Orders received 4 New countries added • 3 Countries added All supplies under Myanmar 6 New countries approached 1st Mgmt Contract Project com
Slide 24: Highlights – Telecom
Highlights – Telecom Infrastructure & Licenses Services Offered Clientele • Infrastructure • Point to Point dedicated • NLDOs/ ILDOs • Fiber Optic Network: ~ 29,650 km Bandwidth Leased Lines • Unified Access Providers (incl. all • Points of Presence: 317 • Internet Leased lines Leading Telcos) • Dar
Slide 25: Investment & Funding Programme
Investment & Funding Programme Capital Outlay Funding Requirement (₹ 110,000 crore) • Debt & Equity in the ratio • FY13: ₹ 20,037 cr 70:30 as per Tariff • FY14: ₹ 22,324 cr guidelines • FY15: ₹ 22,450 cr • FY16: ₹ 22,500 cr • FY17: ₹ 22,550 cr Projects/ Schemes Sources of Funds • HCPTCs • Equity: In
Slide 26: New Initiatives- Updates
New Initiatives- Updates JV with Bihar • Trans. License received. Funding (Loan) tied up (Bihar Grid Co. Ltd.) • Contracts under finalization for projects worth JVs for Intra- ₹ 1700 crore State Transmission JV with Odisha (Kalinga Bidyut Prasaran • Under discussion Nigam Ltd.) • JV proposals with S
Slide 27: Highlights – CSR & Sustainability
Highlights – CSR & Sustainability Environment and Social Policy & Procedure (ESPP) POWERGRID’s CSR Policy aligned to DPE • Principles of Avoidance, Minimization and Mitigation guidelines on CSR & Sustainability which • Certified to Social Accountability Standard (SA-8001: 2008) came into effect from
Slide 28: Future Outlook: Transmission
Future Outlook: Transmission Addn. during XII Plan Addn. during XIII Plan Fund Requirement Transmission TL: 109,440 ckm TL: 130,000 ckm ~ ₹ 180,000 crore (XII Plan) (Source: 12th Plan Working Group on Power) X-fm Capacity: 270,000 MVA X-fm Capacity: 300,000MVA ~ ₹ 200,000 crore (XIII Plan) Inter-Sta
Slide 29: Thank You
Thank You
Power Grid Corporation of India — FY2013-14 Earnings Presentation on 6ix