Orient Green Power Company Ltd · NSE:GREENPOWER
Orient Green Power — Q4 FY2017 Earnings Presentation
24 slides from Orient Green Power's earnings presentation, May 22, 2017
Slide 1: Orient Green Power Company Limited - Investor Presentation cover letter
COP ORIENT GREEN POWER COMPANY LIMITED 224 May, 2017 The BSE Limited The National Stock Exchange Corporate Relations Department, of India Limited P.J. Towers, Department of Corporate Services, Dalal Street, Exchange Plaza, 5 Floor, Mumbai-400 001. Bandra-Kurla Complex, Scrip Code: 533263 Mumbai-400
Slide 2: Leading Diversified Renewable Energy Generation Company
Leading Diversified Renewable Energy Generation Company
Slide 3: Disclaimer
Disclaimer Certain statements in this presentation 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 risks and uncertainties
Slide 4: Index
Index Key Developments Financial Highlights Operational Outlook & Highlights 4 ` Regulatory Demerger of Overview Biomass business 6 Appendix 10 13 18 19 3
Slide 5: Key Developments
Key Developments
Slide 6: Key Highlights – FY17
Key Highlights – FY17 Best ever annual performance Sharp improvement in revenue generation & profitability of the business on the back of strategic initiatives and improving macro environment Conducive environment for Wind Business Significant improvement of Grid Availability in TN – frequency o
Slide 7: Key Developments
Key Developments OGPL & IL&FS to evaluate merging of Wind Businesses – Joint capacity of 1.2 Gw : On Jan 19th, 2017 OGPL’s Board approved entering into an exclusivity agreement of 90 days for discussion with IL&FS Wind to evaluate a potential merger of the Wind energy generation businesses of both
Slide 8: Financial Highlights
Financial Highlights
Slide 9: Improved Financial Performance (FY17)
Improved Financial Performance In Rs. Mn Wind Biomass TOTAL FY17 FY16 % FY17 FY16 % FY17 FY16 % REVENUES 3,836.5 3,078.4 25% 777.4 1,021.7 ‐24% 4,613.9 4,100.1 13% EBITDA 2,921.0 2,161.0 35% 12.3 ‐23.3 ‐153% 2,933.3 2,137.7 37% EBITDA% 76% 70% 2% ‐2% 64% 52% EBIT 1,553 801 94% ‐305.8 ‐725.4 ‐57% 1,2
Slide 10: Improved Financial Performance (Q4FY17)
Improved Financial Performance In Rs. Mn Wind Biomass TOTAL Q4FY17 Q4FY16 % Q4FY17 Q4FY16 % Q4FY17 Q4FY16 % REVENUES 567.1 486.9 16% 191.0 338.8 ‐44% 758.1 825.7 ‐8% EBITDA 277.8 229.2 21% ‐58.6 45.7 ‐228% 219.2 274.9 ‐20% EBITDA% 49% 47% ‐31% ‐13% 29% 33% EBIT ‐89.9 ‐102.4 ‐12% ‐132.2 ‐364.2 ‐64% ‐
Slide 11: Key Financial Highlights – FY17
Key Financial Highlights – FY17 Wind Business: Revenue for FY17 grew by 25% to Rs. 3,837 mn compared to Rs. 3,078 mn; EBITDA improved to Rs. 2,921 mn from Rs. 2,161 mn during the corresponding period last year. Strong performance by Wind business was due to: – Best grid availability in TN over t
Slide 12: Operational Highlights
CEP Operational Highlights
Slide 13: Wind Operations
Wind Operations Unit of Particulars Q4FY17 Q4FY16 FY17 FY16 Measurement Capacity (incl. overseas capacity) Mw 425 425 425 425 Units Generated (Gross) Mn 105 84 735 565 Annualized PLF % 11 9 20 15 Average Gross Realisation (before charges and Rs./ Unit 5.58 5.28 5.44 5.50 without REC) State Capacity
Slide 14: Biomass Operations
Biomass Operations Unit of Q4 Q4 Particulars FY17 FY16 Measurement FY17 FY16 Capacity (operational Mw 65.5 59.5 65.5 90.5 during the year) Units Exported Mn 40 49.1 154 143.8 PLF % 32.6 50.4 29.9 21.8 Average Realisation Rs./ Unit 6.61 6.15 6.39 6.61 Specific Fuel Consumption Kg/ Unit 1.75 1.52 1.75
Slide 15: Outlook & Regulatory Overview
Outlook & Regulatory Overview
Slide 16: Outlook - Wind
Outlook ‐ Wind Improved macro‐environment – structurally positive for the business – Improvement in grid infrastructure and supportive policies and initiatives have greatly reduced losses due to grid evacuation and have enhanced sustainability of the outlook – Wind availability to be consistent th
Slide 17: Outlook - Biomass
Outlook ‐ Biomass Monetising stake in unviable units ‐ resources to be redirected towards profit accretive ventures – Working towards monetizing stake in economically unviable units • Had executed Securities Purchase Agreement (SPA) with Sindicatum Captive Energy Singapore Pte Limited for a total
Slide 18: Renewable Energy Certificates
Renewable Energy Certificates Total RECs sold during FY17 stood at 59 lakh as against 43 lakhs last year – an increase of almost 37.7%. REC trading also hit new high in January 2017 – with volumes of 15.2 lakhs. Improved performance was primarily owing to stricter enforcement. OGPL sold 1,55,249
Slide 19: Regulatory & Market Developments
Regulatory & Market Developments India has set a new national record with 3.6 GW of new installations in Calendar 2016, pushing it into fourth place in terms of annual capacity growth, and cementing its fourth place position in cumulative terms, after China, the US and Germany. For the eighth ye
Slide 20: Update on Demerger of Biomass business
Update on Demerger of Biomass business
Slide 21: Demerger Update
Demerger Update • Awaiting NOC from Secured creditors Activity Timelines Status Announcement of Demerger June 10, 2015 Filing with Stock Exchanges / SEBI Receipt of NOC from Stock Exchanges January 15, 2016 Court convened Meeting June 6, 2016 NOC from Bankers Awaited NCLT’s approval to the S
Slide 22: Appendix: Financial Statements
Appendix: Financial Statements
Slide 23: Financial Performance – FY17 (Consolidated – IND-AS)
Financial Performance – FY17 (Consolidated – IND‐AS) Rs. Million FY17 FY16 Y‐o‐Y Sale of Power 3,993.38 3,534.13 12.99% Other Operating Income 490.3 425.51 15.23% Total Income 4,483.68 3,959.64 13.23% Expenditure Cost of biomass fuel 347.21 624.59 ‐44.46% O&M and other costs 1,333.37 1,339.77 0.48%
Slide 24: For further information please contact
For further information please contact Mr. K.V. Kasturi Orient Green Power Company Limited Tel: +91 44 4901 5678 Email: kasturi.kv@orientgreenpower.com Mayank Vaswani / Suraj Digawalekar CDR India Tel: +91 22 6645 1230 / 1235 Email: mayank@cdr‐india.com suraj@cdr‐india.com
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