Power Grid Corporation Of India Limited · NSE:POWERGRID
Power Grid Corporation Of India — Q3 FY2023 Earnings Presentation
24 slides from Power Grid Corporation Of India's earnings presentation, February 2023
Slide 1: Investor Presentation
Transmitting Power for Progress and Prosperity Investor Presentation February 2023 www.powergrid.in 1
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: Performance Highlights
Performance Highlights POWERGRID Overview Performance Highlights Awards Growth Outlook 3
Slide 4: POWERGRID Overview
POWERGRID Overview A “Maharatna’ CPSE 28 Nos Credit Rating Subsidiaries 3rd Largest CPSE Standard & Poor's - BBB- Gross Block1 11 Fitch - BBB - Joint Ventures2 Moody’s – Baa3 Pan India International Transmission Network 04 (At par with Sovereign) Associates 4,000 MW CRISIL - AAA Cross Border ICRA -
Slide 5: POWERGRID Overview: Transmission Assets
POWERGRID Overview Transmission Assets 1,73,790 ckm 270 97,290 MW > 99% 1,448 nos 4,93,000 MVA 85% of India’s System Transmission Lines Sub-Stations IR capacity Availability Transmitting 45% of India’s Power 18 60 162 17 57 >2,80,000 >3,600 HVDC 765kV 400kV SVC/ GIS Transmission Transformers substat
Slide 6: Performance Highlights
Performance Highlights Project Execution Operational Performance Financial Performance Other Businesses Commercial Performance 6
Slide 7: Project Execution
Project Execution Financial Performance – Q1FY21 Capex(accrual) Capitalization 5,429 5,190 * 3,142 2,886 2,210 2,057 1,737 1,788 1,482 1,332 1,345 1,153 1,231 1,189 758 365 Q1FY23 Q2FY23 Q3FY23 9MFY23 Q1FY23 Q2FY23 Q3FY23 9MFY23 Standalone Consolidated Standalone Consolidated (₹ in crore) Capitaliza
Slide 8: Operational Performance-9MFY23
Operational Performance-9MFY23 99.82% 99.81% 0.28 99.75% * 0.21 Availability Tripping per line 9MFY22 9MFY23 9MFY22 9MFY23 * Full incentive capped at 99.75% Availability and Trippings per line are on standalone basis. 8
Slide 9: Adoption of Latest Technologies
Adoption of Latest Technologies Transmission Lines Sub-Stations Patrolling 9
Slide 10: Financial Performance-Q3FY23
Financial Performance-Q3FY23 Standalone Consolidated Income Growth : 8% Income Growth : 8% PAT Growth : 11% PAT Growth : 11% 11,472 11,530 10,724 10,636 3,702 3,645 3,349 3,293 Income PAT Income PAT Q3FY22 Q3FY23 Q3FY22 Q3FY23 (₹ in crore) 10
Slide 11: Financial Performance-9MFY23
Financial Performance-9MFY23 Standalone Consolidated Income Growth : 7% Income Growth : 8% PAT Growth* : 12% PAT Growth* : 11% 33,680 34,048 31,394 31,630 * 11,119 * 11,097 9,961 10,011 Income PAT Income PAT 9M FY22 9M FY23 9M FY22 9M FY23 (₹ in crore) * excluding Exceptional Item 11
Slide 12: Financial Performance (Standalone)
Financial Performance – Q1FY21 Financial Performance Growth Growth Description Q3FY23 Q3FY22 9MFY23 9MFY22 (%) (%) S Income - Transmission Charges 10,392 9,669 7% 30,775 28,783 7% T - Consultancy – Services 167 170 -2% 533 501 6% A - Telecom 187 162 15% 540 427 26% - Other Income 726 635 14% 1832 1,
Slide 13: Financial Performance (Consolidated)
Financial Performance – Q1FY21 Financial Performance Growth Growth Description Q3FY23 Q3FY22 9MFY23 9MFY22 C (%) (%) Income O - Transmission Charges 10,933 10,140 8% 32,308 30,072 7% N - Consultancy – Services 142 145 -2% 470 436 8% S - Telecom 187 162 15% 540 427 26% - Other Income 268 277 -3% 731
Slide 14: Financial Performance: Key Highlights and Ratios
Financial Highlights –Q1FY21 (Standalone) Financial Performance (₹ in crore, unless stated otherwise) Description Standalone Consolidated as on 31.12.22 as on 31.12.21 as on 31.12.22 as on 31.12.21 Gross Fixed Assets (₹ crore) 2,54,638 2,47,512 2,68,903 2,60,247 Capital Work-in-Progress (₹ crore) 7,
Slide 15: Other Key Financial Information
Other Key Financial Information Description Q3FY23 Q3FY22 9MFY23 9MFY22 Surcharge Income (Consol.) 34 38 146 182 Incentive (Consol.) 130 147 408 393 Int. from Subsidiaries & JVs* 289 218 810 652 Average Cost of Int. on differential tariff 74 54 366 290 Borrowing* 7.08% in 9MFY23 Dividend from JVs* -
Slide 16: Telecom Performance-Q3FY23
Telecom Performance-Q3FY23 Income* : ₹ 187 crore OPGW leasing agreement signed with Goa Electricity Department, GED and UPPTCL, to explore business in new cities. 28 new customers added ₹ 68 crore orders received CERC approval received for use of ISTS substation land at Manesar for undertaking Data
Slide 17: Consultancy Performance-Q3FY23
Consultancy Performance-Q3FY23 Consultancy services to Domestic and International clients. Income* : ₹ 142 crore Delivering Smart Solutions to both Domestic and International clients • State owned utilities, Private utilities, Central Public Sector International Undertakings, Government departments,
Slide 18: Commercial Performance
Commercial Performance (Apr’20-Sept’20) Commercial Performance Outstanding dues (at end of Qtr) Billing & Realization (in ₹ crore) ₹ 34,925 cr Billing 3,191 1,909 ₹ 30,003 cr 1,718 Realization 2,257 47.58* 44.56* 43.32* 6,043 85.91% 27.55* 4,868 4,138 %age Realization 2,760 Q3FY22 Q1FY23 Q2FY23 Q3FY
Slide 19: Other related business
Other related business Smart Metering • Potential Opportunity : 25 crore meters, ~ ₹ 1.5 L crore (incl. GBS : ₹ 22,500 crore). • Initiated procurement process for End-to-End Smart Metering Solution for 1 cr Smart meters. • Finalization of MoU under process. • Discussion with the States underway for
Slide 20: Awards & Accolades
Awards & Accolades 2022 Platts Global Energy Awards under Corporate Impact Award: Critical Response category Recognises excellence in global energy industry. POWERGRID’s broad-reaching program focused on providing immediate help to children in distressed situations along with comprehensive support i
Slide 21: Growth Outlook - Sectoral
Growth Outlook - Sectoral 838 9.55% CAGR 500 20.00% CAGR 594 254 404 114 Installed Capacity(GW) Renewable Energy Source(GW) 6.66% CAGR 5.06% CAGR 340 2,325 316 2,100 1,566 203 Peak Demand(GW) FY22 FY28 FY30 Energy Requirement(BU) Source : CTUIL Rolling Plan 2027-28(Interim Report), CEA 21
Slide 22: Growth Outlook - Sectoral
Growth Outlook - Sectoral Transmission System for Integration of over 500 GW RE Installed Capacity by 2030. • Transmission system planned for major RE potential zones like • Leh RE park in Ladakh; • Fatehgarh, Bhadla, Bikaner in Rajasthan; • Khavda RE park in Gujarat; • Anantapur, Kurnool RE Zones i
Slide 23: Work in Hand: FY23 Capex Plan
Work in Hand Work in Hand : ~ ₹ 47,600 crore Ongoing Projects New Projects TBCB Projects ₹ 7,600 crore ₹ 27,000 crore ₹ 13,000 crore FY23 Capex Plan : ₹ 8,800 crore 23
Slide 24: Thank You
Thank You www.powergrid.in 24
Power Grid Corporation of India — Q3 FY2023 Earnings Presentation on 6ix