Orient Green Power Company Ltd · NSE:GREENPOWER
Orient Green Power — Q4 FY2014 Earnings Presentation
22 slides from Orient Green Power's earnings presentation, 2014
Slide 1: Q4 & FY14 Results
Q4 & FY14 Results Leading Diversified Renewable Energy Generation Company
Slide 2: 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 3: Financial & Operational Highlights – Q4 & FY14
Financial & Operational Highlights – Q4 & FY14
Slide 4: Performance Highlights – Wind Business
Performance Highlights WIND BUSINESS 12.6 Mw was added during the quarter and aggregate of 85.0 Mw were added up to Q4 FY14; taking the total operating wind assets capacity to 424 Mw as of March 31, 2014 Tamil Nadu government has provided assurance of grid availability for evacuation of wind pow
Slide 5: Performance Highlights – Biomass Business
Performance Highlights BIOMASS BUSINESS Two units in Rajasthan continued to be non-operational – one due to high fuel cost and low tariff and another due to delay in receipt of Rajasthan Electricity Regulatory Commission’s (RERC) order on new tariff. One of the units is expected to restart operati
Slide 6: Financial Performance – Q4 & FY14
Financial Performance – Q4 & FY14 Rs. Million Q4FY14 Q4FY13 FY14 FY13 Sale of Power 840.05 621.73 3,595.40 3,682.93 Other Operating Income 146.85 145.80 533.18 671.57 Total Income 986.90 767.53 4,128.58 4,354.50 Expenditure Cost of biomass fuel 307.43 305.12 815.97 1,142.27 O&M and other costs 389.9
Slide 7: Balance Sheet as at March 31, 2014
Balance Sheet as at March 31, 2014 Rs. Million As at Mar'14 As at Mar'13 Equity and Liabilities Shareholders' Funds (a) Share Capital 5,680.78 4,680.78 (b) Reserves & Surplus 4,876.13 6,208.39 Sub-Total Shareholders Funds 10,556.92 10,889.17 Share Application Money Pending Allotment 7.9 1,523.00 Min
Slide 8: Balance Sheet as at March 31, 2014 (contd.)
Balance Sheet as at March 31, 2014 (contd.) Rs. Million As at Mar'14 As at Mar'13 ASSETS Non - Current Assets Fixed assets 29,554.85 29,575.51 Goodwill on Consolidation 359.17 511.86 Non-current Investments 0.13 0.13 Long-term loans and advances 2,190.99 2,560.86 Other non Current Assets 316.52 164.
Slide 9: Renewable Energy Certificates
Renewable Energy Certificates RECs market underwent significant revival during the quarter, as the demand for certificates rose for fourth straight month as companies seek to comply with renewable targets amid enforcement by government regulators The demand surged almost 10-fold since a low in A
Slide 10: REC Trading and Revenue – April 2013 to March 2014
REC Trading and Revenue – April 2013 to March 2014 REC Trade Results - Consolidated (IEX + PXIL) Market Clearing REC traded from Market Share of REC Revenue Average Price Month Volume - Non OGPL Projects OGPL (%) (Rs. Lacs) (Rs./ REC) Solar Apr – 13 44,459 3,308 7.44% 50 1,500 May – 13 52,968 4,111
Slide 11: Wind Operations
\ Wind Operations (Ce
Slide 12: Wind Operations - India
Wind Operations - India Unit of Particulars Q4 FY14 Q4 FY13 FY14 FY13 Measurement Capacity Mw 413.89 328.51 413.89 328.51 Units Generated (Gross) Mn 99.22 63.60 543.29 527.06 Annualized PLF % 11.33 8.74 16.60 18.65 Average Gross Realisation (before Rs./ Unit 5.44 4.56 5.07 4.62 charges and without R
Slide 13: Capacity Expansion
Capacity Expansion Wind Capacity States Remarks (Mw) Tamil Nadu 11.20 Commissioned in July / August 2013 43.20 43.20 Mw commissioned in August 2013 and balance Andhra Pradesh 50.70 50.70 Mw planned in season of 2015 12.60 Mw commissioned in May 2013 12.60 12.60 Mw commissioned in Q4 FY14 Gujarat / T
Slide 14: Biomass Operations
Biomass Operations HP -
Slide 15: Existing Biomass Operations
Existing Biomass Operations Unit of Particulars Measurem Q4 FY14 Q4 FY13 FY14 FY13 ent Capacity (operational during the year) Mw 68.00 60.50 68.00 60.50 Units Exported Mn 68.69 56.15 196.21 259.04 PLF % 46.00 48.04 32.00 55.50 Average Realisation Rs./ Unit 5.88 6.26 5.95 5.96 Specific Fuel Consumpti
Slide 16: Existing Projects – Biomass power plants
Existing Projects – Biomass power plants Capacity Customer Name Location Fuel Blended tariff (Mw) details Q4 Q3 Q2 Q1 Q4 FY14 FY14 FY14 FY14 FY13 Kopargaon 2.0 Maharashtra Co-generation biogas Captive 3.50 3.50 3.50 3.50 3.50 Plywood wastes, Dindigul 7.5 Tamil Nadu julieflora, corn stalks and Mercha
Slide 17: Capacity Expansion Trend
Capacity Expansion Trend Planned by season 2010-11 2011-12 2012-13 BUSINESS 2013-14 of FY 2015 179.5 317.1 339.0 WIND 424.0 494.6 40.5 60.5 60.5 BIOMASS 86.0 106.0 220.0 377.6 399.5 TOTAL 510.0 600.6 17
Slide 18: Regulatory Environment & Outlook
Regulatory Environment & Outlook
Slide 19: Regulatory Impact and other challenges
Regulatory Impact and other challenges Petition filed before TNERC on grid back down issue in Tamil Nadu last year is yet to be disposed off Petition filed in Q2 FY14 before the High Court of Madras by Indian Wind Power Association (IWPA) seeking relief on exemption from grid back down for WEGS
Slide 20: Wind Business Outlook
Wind Business Outlook Grid infrastructure is expected to improve significantly in Tamil Nadu over the next 2 years which would lead to improved PLFs from 2015-16 onwards. Kayathar line expected to be commissioned in Q1 FY15 which would help in improving PLF in 2014-15 itself. This, coupled with th
Slide 21: Biomass Business Outlook
Biomass Business Outlook Rajasthan ERC process for fixation of generic tariff under preferential tariff mechanism for Hanumangarh plant would enable the unit to restart operations within a few months at a more viable tariff Switch over to group captive mechanism in T.N. plant would bring about m
Slide 22: Leading Diversified Renewable Energy Generation Company
Leading Diversified Renewable Energy Generation Company
Orient Green Power Company — Q4 FY2014 Earnings Presentation on 6ix