Ge Power India Ltd. · NSE:GVPIL
Ge Power India — Investor Presentation (July 2024)
16 slides from Ge Power India's investor presentation, Jul 18, 2024
Slide 1: GE Power India Limited – Presentation for Investor meet
GE Power India Limited CIN- L74140MH1992PLC068379 Corporate Office: Axis House, Plot No I-14, Towers 5 & 6, Jaypee Wish Town, Sector 128, Noida, Uttar Pradesh – 201304 T+91 0120 5011011 | F +91 0120 5011100 Registered Office: Regus Magnum Business Centers, 11th floor, Platina, Block G, Plot C-59, BK
Slide 2: Disclaimer
@ GE VERNOVA GE POWER INDIA LIMITED, INVESTOR MEET Disclaimer + This presentation has been prepared solely for the use at analyst! investor presentation. By attending the meeting where this presentationis made, or by reading the presentation slides, you agree to be bound by the followinglimitations-
Slide 3: Contents
Contents 01 Context 02 Business Strategy- since year FY 2019-20 03 Key Dynamics- GEPIL Hydro 04 Market update- GEPIL Hydro 05 Key Dynamics- GEPIL Gas © 2024 GE Power India Limited. All rights reserved, 06 07 08 09 GEPIL Strategy Recent wins Recap Annexures | GE VERNOVA
Slide 4: Net worth and credit rating
Particulars Sep'21 Mar'22 Sep'22 Mar'23 Sep'23 Mar'24 Net worth 8,873 6,729 5,012 2,267 271 574 Credit rating A+ (neg) A (neg) A- (neg) BBB+ (neg) BBB (neg) BBB (neg)
Slide 5: Business Strategy since FY 2019-20
Business Strategy since year FY 2019-20 E VERNOVA Key messages Focus on high margin, cash accretive deals with faster cash conversion cycle De-risk EPC and focus on EP EPC has long gestation project cycles; o Hydro project cycle is ~ 10+ years o FGD EPC project cycle is ~5-8 years o FGD EP project c
Slide 6: Key Dynamics – GEPIL Hydro
Key Dynamics @B ce vernova GEPIL Hydro Revenue & Profit/ (Losses) Challenges + Aggregate cash consumption projection of ~4898 MINR in FY 25 and FY26. + Long gestation bids with high risk commercial profile eg - Upper Silleru * Significant delays in existing projects, locking 6,988 MINR of bank guara
Slide 7: Market update – GEPIL Hydro
Market update GEPIL Hydro Installed base (till date) (A) 47 GW 4.7 GW Capacity addition as 20 GW 22.3 GW planned (2031-32) (b) (~15 GW- Under (7.7 GW- Under Construction Construction 5 GW- planned to be 14.6 GW -plan to be ordered) ordered) Total installed base 67 GW 27 GW targeted (2031-32) (C)= (a
Slide 8: Key Dynamics – GEPIL Gas
Key Dynamics @ ce vernova GEPIL Gas Revenue & Profit/ (Losses) Challenges + Due to lack of consistent demand, we have optimized the head count by ~48% between March 2021 and March 2024 * Skillsets are limited to GEV technology * Non-strategic and single customer is GEV, non-core to the overall compe
Slide 9: GEPIL strategy
GEPIL strategy Core service Parts , Service and Repair of Products: Boiler, Turbine, Generator, Air Quality Control Systems NTPC & Other Central Customers: Utility , State Utility, IPPs on BHEL, Siemens , Chinese OEM and GEV fleets Annual Market Service upgrades Upgrades of Boiler , Turbine & Air Qu
Slide 10: Recent wins
Recent wins Core service Core Ordersin MINR Generators + Harduganj Generator Rotor + JITPL Spares and Overhaul Turbine + Solapur L-1 Blade set + MRPL Noble Parts Boiler + Birsingpur Burner & Wind Box + Barh-Pressure parts AQCS + EID Parry -spares PAC + Ind Bharath AVR spares Service upgrades 1 | | P
Slide 11: Recap
Recap E VERNOVA Business strategy since FY 2019-20 . Focus on high margin, cash accretive deals with faster @) Higher profitability cash conversion cycle De-risk EPC and focus on EP . . EPC has long gestation project cycles; o Hydro project cycle is ~ 10+ years = @ Lower project duration o FGD EPC p
Slide 12: GE VERNOVA
GE VERNOVA © 2024 GE Power India Limited. All rights reserved. "
Slide 13: \ GE VERNOVA
\ GE VERNOVA © 2024 GE Power India Limited. All rights reserved.
Slide 14: Annexures
GE VERNOVA ANNEXURES © 2024 GE Power India Limited. All rights reserved. 13
Slide 15: Key extracts of Slump Sale – GEPIL Hydro
Key extracts of Slump Sale E VERNOVA GEPIL Hydro . Net liability of INR 2,140.9 million as on March 31, 2024. * The business is projected to consume cash by ~INR 4,897.7 million over the next two years, which is creating a pressure on cash consumption and debt position. * The Board has decided to se
Slide 16: Key extracts of Slump Sale – GEPIL Gas
Key extracts of Slump Sale E VERNOVA GEPIL Gas . Net liability of INR 380.0 million as on March 31, 2024. * The Board has decided to sell the Gas Power Business to GE Renewable Energy Technologies Private Limited at INR 438.6 million, representing the fair market value as determined by the independe