Indian Energy Exchange Ltd. · NSE:IEX
Indian Energy Exchange — Q3 FY2019 Earnings Presentation
18 slides from Indian Energy Exchange's earnings presentation, Feb 8, 2019
Slide 1: Cover letter to BSE and NSE
INDIAN EMMY EXCHANGE Dated: February 08, 2019 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 Dalai Street G Block, Bandra Kurla Complex Mumbai- 400001 Bandr
Slide 2: Unaudited Financial Results for Q3 and Nine Months Ended December 31, 2018
INDIAN ENERGY EXCHANGE LTD UNAUDITED FINANCIAL RESULTS FOR THE THIRD QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2018 New Delhi, Friday, February 8, 2019: The Indian Energy Exchange Limited is pleased to announce the unaudited financial results of the company for the quarter & nine months ended Decem
Slide 3: Performance and Business Highlights
• Revenue of Rs. 7,692 lacs, up 10%, mainly, on account of increase in trade volume of electricity segment & treasury income. • Total Operating Expense of Rs. 1,490 lacs, up 22% mainly due to increase in Technology expense, Professional fee and other expenses. • EBITDA of Rs. 6,202 lacs, up 7%, the
Slide 4: Power Sector Highlights
POWER SECTOR HIGHLIGHTS • The all India installed capacity reached 349 GW (upto Dec’18) up from 334 GW in the same period in the previous fiscal, representing an increase of 4.7% • The all India generation including renewable generation reached 1,044 BU in FY 2018-19 (upto Dec’18) up from 980 BU in
Slide 5: Earnings Release for Quarter and Nine Month ended December 31, 2018
Earnings Release for Quarter and Nine Month ended December 31st ,2018
Slide 6: Disclaimer
Disclaimer Certain statements in this presentation describing the Company's objectives, projections, estimates and expectations may be 'forward looking statements' within the meaning of applicable laws and regulations. Although our expectations are based on reasonable assumptions, these forward-look
Slide 7: IEX: India's leading Power Exchange
IEX: India’s leading Power Exchange 42.28 BUs of electricity traded in 9M FY19 with an increase of 20% w.r.t. 9M FY18 127.18 Crs PAT in 9M FY19 with an increase of 27% w.r.t. 9M FY18 India’s First & Largest Power Exchange Dominant market share of over 98% of traded volume in electricity Efficient pr
Slide 8: Power Sector Updates (As on 31st Dec,18)
Power Sector Updates (As on 31st Dec,18) Installed capacity grew by 6% Y-o-Y. Robust electricity demand growth by 6.2% Y-o-Y Domestic coal production increased by 7.5 % Y-o-Y. MoP issued guidelines for Cross Border Trade of Electricity enabling trade of power (DAM and TAM both) through excha
Slide 9: Power Sector Updates (As on 31st Dec,18)
Power Sector Updates (As on 31st Dec,18) CERC has issued a Discussion Paper on “Re-designing Real Time Electricity Markets in India” on 25.07.2018, for starting hourly market on exchange. CERC has issued a Discussion Paper on “Re-designing Ancillary Services Mechanism in India” for exchange base
Slide 10: Key Highlights - Q3 and 9 Month
Key Highlights _ Q3 and 9 Month (As on 31st Dec,18) All India generation increased by 6.5% (from 980 BUs to 1044 BUs)and IEX electricity trade volume increased by 20% in 9M FY19 as compared to Y-o-Y. On a daily average basis about 210 MU were traded in October-18, the highest during any month.
Slide 11: Financial Highlights - Quarter III
Financial Highlights _ Quarter III (As on 31 Dec) st (Rs. in Crs) Quarter Ended Particulars Dec’18 Dec’17 Y-o-Y (%) Total Revenue 76.92 70.21 10 Operating Expenses 14.90 12.22 22 EBITDA 62.02 57.99 7 EBITDA Margin (%) 81 83 -1.97 PBT 59.31 54.95 8 Tax 16.69 18.75 -11 PAT 42.62 36.20 18 Cash Profit 4
Slide 12: Detailed Financial - Quarter III
Detailed Financial _Quarter III (As on 31st Dec) (Rs. in Crs) Quarter Ended Particulars Dec’18 Dec’17 Y-o-Y (%) Revenue Transaction Fees 58.98 58.28 1 Admission & Annual Fees 4.82 6.47 -26 Other Income 13.12 5.46 140 Total revenue 76.92 70.21 10 Expenses Employee benefits 6.63 7.46 -11 Other expense
Slide 13: Revenue Breakup analysis - Quarter III
Revenue Breakup analysis _ Quarter III FY18 FY19 Transaction Fees Admission & Annual Fees Other Income Transaction Fees Admission & Annual Fees Other Income 8% 17% 9% 6% 77% 83% 9
Slide 14: Financial Highlights - 9M
Financial Highlights _ 9M (As on 31 Dec)st (Rs. in Crs) 9M Ended Particulars Dec’18 Dec’17 Y-o-Y (%) Total Revenue 226.32 193.21 17 Operating Expenses 39.57 33.93 17 EBITDA 186.75 159.28 17 EBITDA Margin (%) 83 82 .08 PBT 178.71 151.76 18 Tax 51.53 51.52 PAT 127.18 100.24 27 Cash Profit 135.05 107.5
Slide 15: Detailed Financial - 9 Month
Detailed Financial _ 9 Month (As on 31 Dec) st (Rs. in Crs) 9M Ended Particulars Dec’18 Dec’17 Y-o-Y (%) Revenue Transaction Fees 182.45 156.38 17 Admission & Annual Fees 15.18 18.88 -20 Other Income 28.69 17.95 60 Total revenue 226.32 193.21 17 Expenses Employee benefits 18.66 17.92 4 Other expense
Slide 16: Revenue Breakup analysis - 9 Month
Revenue Breakup analysis _ 9 Month FY18 FY19 Transaction Fees Admission & Annual Fees Other Income Transaction Fees Admission & Annual Fees Other Income 9% 12% 10% 7% 81% 81% 12
Slide 17: Day Ahead Market - FY19
Day Ahead Market _ FY19* (As on 31st Dec,18) Purchase Bid (MUs) Sell Bid (MUs) Cleared Volume (MUs) MCP (Rs/Unit) 9000 7.00 8543 8141 8000 7918 7688 7337 7337 7408 6.00 7225 5.94 6937 7000 6441 6505 6123 5.00 5962 6000 5725 5506 4.69 5101 4.67 4918 4965 4981 4899 4.00 5000 4611 4568 3.98 3.73 4055 4
Slide 18: Thank You
QIEX Thank You
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