Indian Energy Exchange Ltd. · NSE:IEX
Indian Energy Exchange — Q4 FY25 Earnings Presentation
33 slides from Indian Energy Exchange's earnings presentation, Apr 24, 2025
Slide 1: Exchange filing cover letter for investor presentation
Dated: April 24, 2025 The Manager The Manager BSE Limited National Stock Exchange of India Ltd Corporate Relationship Department Listing Department Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor, Plot No. C/1 Dalal Street G Block, Bandra Kurla Complex Mumbai- 400001 Bandra (E), Mumbai-400 051 S
Slide 2: Investor Presentation Q4 FY'25 and FY'25
Investor Presentation Q4 FY’25 and FY’25
Slide 3: In this presentation
In this presentation: Sector and Business Update Customer Centricity and Technology Financial Performance Indian Gas Exchange 2
Slide 4: Power Sector Summary
Power Sector Summary Generation Mix Transmission Distribution & Consumption Indian Generation Mix: Apr-Feb FY’25 World’s Largest Network Reforms Underway Others Nuclear Hydro 3% 9% 1% • Improving credit ratings of • Inter-reg. trans. Cap.: 119 GW distribution companies Wind 5% (FY’24); 168 GW (FY’32
Slide 5: Energy Sector Transition
Energy Sector Transition Nuclear 15 GW 2% Nuclear 8GW 2% Thermal Cap 327 Thermal 38% RE & Hydro RE & Hydro Cap 247 220 507 52% 46% 60% Mar’25 Installed Capacity FY 2030 CEA Projections 475 GW 849 GW Source: CEA; RE also includes BESS Government aims to increase share of non-fossil fuel in India's el
Slide 6: Renewables Are Leading Energy Sector Transition
Renewables Are Leading Energy Sector Transition Technology Progress Changing Preferences • Low Carbon Technologies – Wind, • Shift Towards RE and storage Solar, Hybrid • Electrification of economy – • Falling RE cost driving higher EVs, roof top solar, cooking, penetration railway traction, data cen
Slide 7: IEX: India's Premier Technology-led Electricity Marketplace
IEX: India’s Premier Technology-led Electricity Marketplace ➢ Nation wide, automated and transparent trading Robust Ecosystem platform for physical delivery of electricity, renewables & certificates ➢ Commenced operations in 2008; CERC regulated 8,500+ 5,700+ 2,500+ ➢ Publicly listed company – 2017
Slide 8: IEX Product Mix
IEX Product Mix Total Volumes FY’25: 121 BUs Certificates 13% DAC Green 2% 6% DAM 44% TAM 7% RTM 28% • RTM & Green markets registered substantial growth of 29% and 171% YoY respectively in FY25. • Collectives (DAM, RTM, G-DAM) remained steady at ~ 80% of our volumes. 7
Slide 9: Stable Prices on IEX Despite High Demand
Stable Prices on IEX Despite High Demand 7 1,800 5.94 1,600 6 5.24 1,400 5.67 5 5.04 4.47 1,200 4 4.28 1,000 3 800 600 2 400 1 200 1,503 1,622 1,694 0 0 FY'23 FY'24 FY'25 Power Consumption (BU) DAM MCP (Rs/unit) RTM MCP (Rs./unit) Source: CEA, IEX Despite a 4.4% increase in demand in FY’25 prices de
Slide 10: Growth Levers for IEX
Growth Levers for IEX (1) (2) (3) (4) (5) (6) Increase in New Products Diversity in Ample Re-designing Energy Power & Regulatory Demand/Supply Supply Side electricity market Transition Consumption Developments Patterns Availability • High GDP • TAM up to 11 • Report on • Changing • Diurnal Variation
Slide 11: Growth Driver 1: Demand Increase
Growth Driver 1: Demand Increase India placed as the most promising economy on the global map 2,600 300 ➢ Industrialization 2,300 ✓ High GDP growth of about 6-7% expected to drive 2,139 250 electricity 2,100 1,796 ✓ Core sector, traction, EV, Roof Top Solar, Data Centres 1,694 200 1,622 to drive ele
Slide 12: Growth Driver 2: New Products & Regulatory Developments
Growth Driver 2: New Products & Regulatory Developments TAM upto 11 ➢ Trade up to 11 months shall help shift DEEP volume to Exchanges. Months ➢ Currently DEEP Platform trades is about 40 BU ➢ Petition in CERC for launching Green RTM heard, public comments closed. Green RTM ➢ Additional market for RE
Slide 13: Growth Driver 3: Roadmap for Deepening Market
Growth Driver 3: Roadmap for Deepening Market MoP Report of the Group on Development of Electricity Market in India, 2023 Short Term Medium Term Long Term (up to 1 year) (1 -2 years) (2 years and beyond) • Market based Ancillary • Increase share of RE addition • Overall interaction of Services throu
Slide 14: Growth Driver 4: Energy Transition
Growth Driver 4: Energy Transition • Future demand requirements will predominantly be met through RE sources. • European experience of renewables shows adoption of Market Models to support Energy market-based models increased RE penetration. Transition • Capacity awarded through CfD auction in UK st
Slide 15: New Market Models: FDRE & RTC, BESS
New Market Models: FDRE & RTC, BESS Firm Dispatch RE & Round The Clock RE Battery Energy Storage Systems (BESS) • FDRE mandatorily includes ESS to provide dispatchable RE • Charging (Non-Peak) and Discharging (Peak Hours) of BESS can power such as assured peak power, load following etc. be done thro
Slide 16: Growth Driver 5: Diversity
Growth Driver 5: Diversity Regional Diversity All India Demand Profile 265 Demand Met (GW) - 30th May 2024 Consumption: 245 225 • North India has high demand in Summers/Paddy season 205 • Lift irrigation/Agricultural demand of Telangana between 185 Demand Met (GW) - 14th June 2019 August to October.
Slide 17: Growth Driver 6: Increasing Sell Side Liquidity
Growth Driver 6: Increasing Sell Side Liquidity • Supply side constraints continued to ease through FY’24 and FY’25 due to various measures taken by MoP. • FY’25 production higher by 5.0% YoY at 1,048 MT. • Imported coal & gas prices down to reasonable levels – PLFs improved significantly. • Healthy
Slide 18: Other Opportunities for Growth
Other Opportunities for Growth Load Shifting ▪ Agri-load shifting & ToD tariff will shift demand to solar hours. to Solar Hrs ▪ Increase in cleared volumes during solar hours. ▪ CEA issued final Guidelines for Resource Adequacy (RA) Planning Framework for Capacity Centre and States. Market ▪ Leads t
Slide 19: Diversification
INNOVATION TECHNOLOGY FUTURE Diversification
Slide 20: Diversification
Diversification ✓ 1st Natural Gas trading exchange ✓ 45 registered Members and 200+ registered Clients ✓ Automated platform with cutting edge technology; Indigenous price benchmark ✓ ICX formed in December 2022 to facilitate voluntary carbon trade. ✓ India a seller of carbon credits (15-20% of the s
Slide 21: In Summary
In Summary Growth Levers for IEX: 1 Increase in Demand and Supply 2 Large Capacity Addition in RE and Storage and Declining Costs 3 Favorable Regulatory and Policy Framework for Market Development 4 Diversification 20
Slide 22: In this presentation
In this presentation: Sector and Business Update Customer Centricity and Technology Financial Performance Indian Gas Exchange 21
Slide 23: Customer Centricity
Customer Centricity • Capacity building workshops for all Discoms • Promoting Open Access through State wise conferences and seminars • Web Platform “EnergX” • Digital On-boarding • Financial Reconciliation • Web-based Bidding for all Products across Electricity and Certificate segments • Easy acces
Slide 24: Technology – Key Updates
Technology – Key Updates • DC to DR switch in a real-time mode • Application level and Technology Infrastructure level enhancements to ensure High Availability in the Real Time Market (RTM) • Implementation of the best-in-class Perimeter Firewall and Panorama solutions to enhance the Security Infras
Slide 25: In this presentation
In this presentation: Sector and Business Update Customer Centricity and Technology Financial Performance Indian Gas Exchange 24
Slide 26: Robust Financial Performance of IEX
Robust Financial Performance of IEX Consolidated Financials Rs Cr Breakup of standalone Q4FY24 FY24 Q4FY25 FY25 657.4 revenues (%) 550.8 588.4 489.5 429.2 350.8 Transaction Fees 78% 78% 79% 79% Admission and Annual 3% 4% 3% 3% FY24 FY25 Fees Total Revenue EBITDA PAT 160.5 174.6 157.9 Other Income 19
Slide 27: In this presentation
In this presentation: Sector and Business Update Customer Centricity and Technology Financial Performance Indian Gas Exchange 26
Slide 28: Gas Exchange: Overview
Gas Exchange: Overview 6 Regional Gas Hubs − 6 Regional Gas Hubs Hubs & Delivery − Multiple active delivery points within 3 points regional hubs ( Western, Southern, Eastern) 9 Contracts Intra-Day | Day-Ahead| Daily | Weekly | Weekday | Fortnightly | Monthly| 3 Months| 6 Months 12 consecutive monthl
Slide 29: IGX Members and Clients
IGX Members and Clients IGX has 45+ registered Members and 200+ registered Clients Proprietary Member Clients Trading & Clearing Member *Selected representation 28
Slide 30: Business Performance Overview – Record Volumes
Business Performance Overview – Record Volumes Yearly Volumes (Mn MMBTU) Quarterly Volumes (Mn MMBTU) 70 60.0 60 50.9 50 40.8 40 30 20.2 20 12.2 8.7 10 0 FY22 FY23 FY24 FY25 Q4- FY24 Q4- FY25 Data till 31st March 2025 29
Slide 31: Future Plans
Future Plans Balance of Month Contracts (BOM): ➢ Awaiting approval from PNGRB for BOM Contract (Pipeline Natural Gas segment); PNGRB has already approved BOM contract for ssLNG segment. New Delivery Point: ➢ Introduction of New delivery point, Palanpur, located at the Interconnection point of GIGL &
Slide 32: Growth Levers
Growth Levers Government’s target Domestic Gas Infrastructure Development Market Developments for gas sector Production • Increasing share of Natural • LNG terminals capacity is expected to • ONGC aims to ramp up • Natural Gas under GST. Gas in energy basket from grow from current 57.2 MMTPA to 70+
Slide 33: Thank You
Thank You
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