Power Grid Corporation Of India Limited · NSE:POWERGRID
Power Grid Corporation Of India — FY2024 Earnings Presentation
31 slides from Power Grid Corporation Of India's earnings presentation, May 24, 2024
Slide 1: Leading Energy Transition for a Sustainable Future
Leading Energy Transition for a Sustainable Future Investor Presentation 24/05/2024
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 Major Highlights Performance Highlights Growth Outlook Awards 3
Slide 4: POWERGRID Overview
POWERGRID Overview India’s largest power transmission company A “Maharatna’ CPSE 47 Credit Rating Subsidiaries 3rd Rank International Profit Making CPSE1 (At par with Sovereign) 12 > ₹3 lakh Cr Joint Ventures Market Cap2 Standard & Poor’s: BBB- 04 Fitch: BBB- Pan India Moody’s: Baa3 Associates Trans
Slide 5: POWERGRID Overview
POWERGRID Overview Transmission Assets spread across India 1,77,699 ckm 278 99,580 MW > 99% 1,503 nos 5,27,446 MVA 83% of India’s System Transmission Lines Sub-Stations IR capacity Availability Transmitting 45% of India’s Power 18 62 167 20 63 >2,90,000 >3,800 HVDC 765kV 400kV SVC/ GIS Transmission
Slide 6: Major Highlights
Major Highlights Successful bidder for 13 ISTS TBCB projects in FY24 • Bidar Transmission Limited • Sikar Khetri Transmission Limited 65% in terms of • Koppal II Gadag II Transmission Limited NCT Cost • Vataman Transmission Limited • Neemrana II Bareilly Transmission Limited 64% in terms of • Bikane
Slide 7: Major Highlights
Major Highlights • Cabinet approved Green Energy Corridor (GEC) Ph-II – ISTS 13GW RE Project in Ladakh. • MoU signing with RVPNL, Rajasthan for formation of 74:26 JV company for Intra state Transmission projects. • Successful completion of 05 nos TBCB projects. • Signed supplementary agreement with
Slide 8: Performance Highlights
Performance Highlights Project Execution Operational Performance Financial Performance Other Businesses Commercial Performance 8
Slide 9: Project Execution
Project Execution Financial Performance – Q1FY21 Added Successfully Commissioned 19,720 MVA • POWERGRID Ramgarh Transmission Limited Transformation capacity • POWERGRID Bikaner Transmission System Limited 06 Nos Sub-station • POWERGRID Meerut Simbhavali Transmission Limited • POWERGRID Neemuch Trans
Slide 10: Project Execution
Project Execution Financial Performance – Q1FY21 Successfully Commissioned Major Transmission lines Sub-station 400 kV 2xD/C Bikaner-II SEZ - Khetri 765/400/220kV Meerut GIS SS 400 kV D/C Lower Subhansiri - Biswanath Chariyali -II 400/220 kV Fatehgarh-III (Ramgarh-II) S/S 400 kV 2xD/C Khetri-Bhiwadi
Slide 11: Project Execution
Project Execution Financial Performance – Q1FY21 Capex Capitalisation* 12,500 7,618 6,326 4,810 3,978 2,306 1,838 1,296 Q4FY24 FY24 Q4FY24 FY24 Standalone Consolidated (₹ in crore) 11 Capitalization figures exclusive of FERV * Includes assets capitalised as Finance Lease
Slide 12: Operational Performance
Operational Performance Consistent Track Record Availability Reliability (Trippings per line) 99.83% 99.85% 99.82% 99.82% 0.39 99.79% 0.35 0.34 0.27 0.28 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 12
Slide 13: Adoption of Latest Technology
Adoption of Latest Technology Innovative technologies adopted to increase efficiency Intelligent Inspection in POWERGRID Drone Patrolling of Transmission Lines Development of UDAAN (Unique Digital Reliability Centered Maintenance Analysis of Assets & Network) Asset Management through AI in Remote op
Slide 14: Financial Performance-Q4FY24
Financial Performance-Q4FY24 Standalone Consolidated 12,254 12,557 12,305 12,097 4,217 4,128 4,323 4,166 Income PAT* Income PAT Q4FY23 Q4FY24 Q4FY23 Q4FY24 (₹ in crore) *PAT including discontinued operations 14 # Income excluding from discontinued operations
Slide 15: Financial Performance-FY24
Financial Performance-FY24 Standalone Consolidated 45,815 46,606 46,913 45,228 15,336 15,475 15,420 15,573 Income PAT* Income PAT FY23 FY24 FY23 FY24 (₹ in crore) *PAT including discontinued operations # Income excluding from discontinued operations 15
Slide 16: Financial Performance (Standalone)
Financial Performance – Q1FY21 Financial Performance Growth Growth Description Q4FY24 Q4FY23 FY24 FY23 (%) (%) Income S - Transmission Charges 10,890 11,352 (4) 41,873 42,127 (1) T - Consultancy Services 161 (24) 518 509 2 A - Other Income 1,203 770 56 3,424 2,592 32 Total Income 12,254 12,098 1 45,
Slide 17: Financial Performance (Consolidated)
Financial Performance – Q1FY21 Financial Performance Growth Growth Description Q4FY24 Q4FY23 FY24 FY23 (%) (%) C Income O - Transmission Charges 11,568 12,130 (5) 44,468 44,438 N - Consultancy Services 182 (34) - 553 436 27 - Telecom 228 189 21 822 729 13 S - Other Income 327 272 20 1,070 1,003 7 O
Slide 18: Financial Highlights
Financial Highlights –Q1FY21 (Standalone) Financial Performance (₹ in crore, unless stated otherwise) Description Standalone Consolidated as on 31.03.24 as on 31.03.23 as on 31.03.24 as on 31.03.23 Gross Fixed Assets (₹ crore) 2,58,807 2,55,824 2,75,991 2,70,108 Capital Work-in-Progress (₹ crore) 10
Slide 19: Other Key Financial Information
Other Key Financial Information Description FY24 FY23 Income for previous periods (Consol.) 826 1,597 Int. on differential tariff* 966 1,161 ₹11.25 dividend per Int. from Subsidiaries & JVs* 1,459 1,116 equity share declared for FY24 Surcharge (Consol.) 146 182 Incentive (Consol.) 573 544 Dividend f
Slide 20: Return to Shareholders
Return to Shareholders Dividend ( in ₹ crore) Dividend payout as % of PAT Interim Final 67% 68% 10,289 10,289 10,463 1,570 2558 60% 3,314 57% 6,801 5,834 54% 2,093 2,114 8,719 7905 6,975 4,708 3,720 (₹ in crore) FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 Final dividend for FY 2024 - subject t
Slide 21: Return to Shareholders
Return to Shareholders Maximizing shareholder value on a sustainable basis Bonus issue ₹3 lakh Cr 350 1:3 Bonus issue 3,50,000 210% increase Market Cap Crossed on 29 Jul 2021 1:3 21 May 2024 in Market Cap 12 Sep 2023 300 3,00,000 In the last 4 years 250 2,50,000 17 Nov 2016 >₹1 lakh Cr Market Cap 20
Slide 22: Consultancy Performance
Consultancy Performance Consultancy services to Domestic and International clients. 553 09 New International assignments 436 19 Ongoing International assignments 21 New Domestic assignments 79 Ongoing Domestic assignments Income* FY23 FY24 MoU signed with UPPTCL for providing consultancy services fo
Slide 23: Telecom Performance
Telecom Performance 121 Business Segments 822 New Customers added • Leased Lines 729 ₹ 870 crore • MPLS-VPN Multiple year orders received • Data services • Infrastructure services 3000 locations Pan India Network Upcoming Services >1,00,000 kms ILD connectivity Network route • With neighbouring coun
Slide 24: Commercial Performance
Commercial Performance (Apr’20-Sept’20) Commercial Performance Outstanding dues (at end of Qtr) Billing & Realization (in ₹ crore) ₹ 42,793 cr Billing 2,228 35.13* 38.25* 1,665 2,029 34.00* ₹ 42,820 cr 1,855 1,711 26.38* Realization 24.49* 4,912 4,968 4,181 100.06% 2,966 3,084 %age Realization Q4FY2
Slide 25: Sectoral Outlook
Sectoral Outlook Growth Drivers H2 India to be a 5 Non-fossil capacity Green Hydrogen Energy Storage International Trillion USD by 2030. Mission Interconnection economy by the year 2030. 500 GW Installed Power requirement of Battery storage, One Sun One World Rapid capacity. ~125 GW for Pumped hydro
Slide 26: Business Outlook 2032
Business Outlook 2032 Business segment Subhead Estimated Capex Transmission Business Inter State ₹ 1,36,000 Intra State ₹ 37,000 Cross Border ₹ 10,000 International projects ₹ 7,500 Subtotal Transmission ₹ 1,90,500 Other Business Solar generation ₹ 1,000 Smart Metering Infrastructure ₹ 15,000 Data C
Slide 27: Work in Hand
Work in Hand Leading Energy Transition for a Sustainable Future Work in Hand# : ~ ₹ 86,700 crore > 80% towards Renewable Energy evacuation ₹ 11,200 crore ₹ 24,700 crore ₹ 50,800 crore Ongoing RTM Projects New RTM Projects Other* Projects ~₹ 5,000 crore ₹ 10,000 crore FY25 Capex Plan RTM Others* ₹ 15
Slide 28: Sustainability Aspirations
Sustainability Aspirations …towards a Greener Tomorrow 50% Net Water Electricity Positive consumption from organization renewable sources by by 2025 2030 Zero Waste to Net Zero Landfill status by 2047 by 2030 28
Slide 29: Awards & Accolades
Awards & Accolades "Corporate Impact - Targeted Programme" Platts Global Energy Award category International CSR Excellence 2023 & Only PSU from India to be honoured with CSR World Leader 2023 this International Recognition Recognized among elite organizations “ATD Best Awards 2024” worldwide in fie
Slide 30: Awards & Accolades
Awards & Accolades “Certificate of Excellence in Learning and Development” at SHRM HR Excellence Awards. Diamond Award “Smart Technology - Electricity Transmission”, Gold Award “Adoption of Artificial Intelligence, Machine Learning and Robotic Solutions - Utility. 30
Slide 31: Thank You
Thank You For any query email id : investors@powergrid.in www.powergrid.in 31
Power Grid Corporation of India — FY2024 Earnings Presentation on 6ix