Torrent Power Limited · NSE:TORNTPOWER
Torrent Power — Q2 FY2024-25 Earnings Presentation
28 slides from Torrent Power's earnings presentation, Nov 13, 2024
Slide 1: Stock exchange cover letter for investor presentation
November 13, 2024 To, To, Corporate Relationship Department Listing Department BSE Limited, National Stock Exchange of India Limited th 14 Floor, P. J. Towers, “Exchange Plaza”, C – 1, Block G Dalal Street, Fort, Bandra- Kurla Complex, Bandra (East), Mumbai-400001 Mumbai-400051 SCRIP CODE: 532779 SC
Slide 2: Investor Presentation Q2 FY 2024-25
Investor Presentation Q2 FY 2024-25
Slide 3: Disclaimer
Disclaimer THIS PRESENTATION IS NOT AN OFFER TO SELL ANY SECURITIES OR A SOLICITATION TO BUY ANY SECURITIES OF TORRENT POWER LIMITED (THE “COMPANY or TPL”) OR ITS SUBSIDIARIES, ASSOCIATE, JOINT VENTURES TOGETHER WITH THE COMPANY, THE “GROUP” The material that follows is a presentation of general bac
Slide 4: Presentation Outline
Presentation Outline 01 Torrent Group Overview 02 Company Overview 03 Performance Overview 04 Key Highlights 3
Slide 5: Torrent Group Overview
#1 Torrent Group Overview
Slide 6: Torrent Group
Torrent Group Torrent Pharmaceuticals Limited Torrent Power Limited Torrent Gas Limited ◼ Generics pharmaceutical with global ◼ One of the leading private sector ◼ Incorporated in FY19, City Gas footprint Integrated Power Utility with presence Distribution (CGD) business now has 17 across generation
Slide 7: Torrent Group …2
Torrent Group …2 ₹ 37,911 Cr ₹ 2,17,305 Cr ₹ 2,05,280 Cr 23,000+ Turnover Enterprise Value Spreading smiles Illuminating Lives Market Cap Employees Generating Trust. Distributing Opportunities. Not just healthcare… Lifecare Building pan-India city gas distribution Turnover ₹ 27,183 Cr Turnover ₹ 10,
Slide 8: Company Overview
#2 Company Overview 7
Slide 9: One of the Leading Private Sector Integrated Power Utility
One of the Leading Private Sector Integrated Power Utility Promoter Public 53.57% 46.43% Torrent Power Limited (Market Cap: c. ₹ 90,217 Cr1) Green hydrogen / Thermal Generation Renewable Generation Distribution PSP Transmission Green Ammonia Solar: Licensed Gas based plants: (Ahmedabad, Surat, Dahej
Slide 10: Pan India Footprint with Presence in Key States
Pan India Footprint with Presence in Key States Wind Solar Gas Coal Transmission GUJARAT RAJASTHAN Wind (615 MW) Wind (24 MW) Distribution Licensee Distribution Franchisee Solar (409 MWp) AMGEN (362 MW) UTTAR PRADESH Operational Capacity (MWp) Agra SUGEN & UNOSUGEN (1530 MW) DGEN (1200 MW) Transmiss
Slide 11: Operational Capacity to Grow from 4.5 GW to 7.5 GW
Operational Capacity is estimated to Grow from 4.5 GW to 7.5 GW Backed by Robust Renewable Capacity Addition Installed Capacity Installed Capacity (including Pipeline) Solar 567 12% Solar, Gas 2,172 , RE PIPELINE 2,730 (29%) Wind Solar (36%) Wind (46%) (54%) 921 20% 7,559 MWp 4,580 MWp Gas 2,979 MWp
Slide 12: Snapshot of Operating Thermal Assets
#1: Snapshot of Operating Thermal Assets Sugen Unosugen Capacity Capacity Plant Type Location COD Fuel Plant Type Location COD Fuel (MW) (MW) 1,147.5 Gas-based Surat, August Domestic 382.5 Gas-based Surat, April Domestic CCPP Gujarat 2009 Gas & CCPP Gujarat 2013 Gas & R-LNG (3 x 382.5) (1 x 382.5) I
Slide 13: Snapshot of Licensed Distribution Assets
#2: Snapshot of Licensed Distribution Assets Ahmedabad / Gandhinagar Surat Customer Base (FY24) Peak Demand (FY24) Licensed Area Customer Base (FY24) Peak Demand (FY24) Licensed Area ~ 356 sq. km. >20 lakh 1,834 MW ~ 52 sq. km. >6 lakh 757 MW Highlights Highlights ✓ Distribution loss of 4.16% (FY24)
Slide 14: Snapshot of Franchisee Distribution Assets
#3: Snapshot of Franchisee Distribution Assets Bhiwandi Agra Licensed Area Peak Demand (FY24) License validity Licensed Area Peak Demand (FY24) License validity ~ 721 609 25th Jan 2027 ~ 221 505 31st March sq. km. MVA [The license validity for the Bhiwandi area can be sq. km. MVA 2030 extended by fi
Slide 15: Transmission - Current Operations and Future Projects
#4: Transmission - Current Operations and Future Projects Existing Transmission Portfolio 400 kV Double-Circuit Transmission Lines: 355 km & 220 kV Double-Circuit Transmission Lines: 128 km Operations are conducted through Torrent Power Grid Limited (TPGL), a subsidiary wherein Torrent holds 74%
Slide 16: Target to Increase Renewable Portfolio to 4.4 GW
#5: Target to Increase Renewable Portfolio to 4.4 GW Renewable Energy Projects in Pipeline Contracted Capacity Under Expected Tariff in Project Technology Capacity Installation Off-taker Project Cost Remarks Rs/Unit (MW) (MWp*) (Rs in Cr) TPL-D 300 420 2.22^ Own Discom 1,737 246 MWp commissioned, ba
Slide 17: Performance Overview
#3 Performance Overview 16
Slide 18: Overview of Operations – Q2 2024-25
Overview of Operations – Q2 2024-25 Rs in Crore Q2 24-25 Q2 23-24 % Growth H1 24-25 H1 23-24 % Growth FY 23-24 Revenue from Operations 7,176 6,961 3% 16,210 14,288 13% 27,183 Power Purchase Cost 5,113 4,972 11,363 10,426 19,391 Material Cost & Change in Inventory 255 246 543 423 1,117 Contribution 1
Slide 19: Overview of Operations – Q2 2024-25
Overview of Operations – Q2 2024-25 Profit after tax (PAT) for Q2 FY 2024-25 stood at ₹ 496 crs as compared to ₹ 543 crs for Q2 FY 2023-24. The major reasons for lower PAT of Rs. 47 crs for the quarter on y-o-y basis are: Increase in contribution from licensed distribution businesses offset by;
Slide 20: Overview of Operations – Thermal Power
#1: Overview of Operations – Thermal Power Thermal PLF % 96% 83% 51% 49% 40% 32% 33% 25% 25% 8% 3% 7% SUGEN UNOSUGEN DGEN GAS AMGEN THERMAL Q2-24 Q2-25 95% 90% 55% 56% 46% 42% 40% 36% 33% 29% 29% 7% SUGEN UNOSUGEN DGEN GAS AMGEN THERMAL H1-24 H1-25 19
Slide 21: Overview of Operations – Renewable Power
#2: Overview of Operations – Renewable Power Renewable Power PLF % Q2-24 Q2-25 36.7% 32.3% 14.8% 13.4% WIND 921 MW/ 921 MW SOLAR 293 MWp / 567 MWp H1-24 H1-25 33.9% 30.4% 17.8% 15.9% WIND 921 MW/ 921 MW SOLAR 293 MWp / 567 MWp PLF on contracted capacity 20
Slide 22: Overview of Operations – Power Distribution
#3: Overview of Operations – Power Distribution USO/Purchase (MUs) 2,678 2,693 Q2 FY24 Q2 FY25 2,430 2,453 1,041 1,068 1,008 1,010 760 763 217 212 207 223 Ahmedabad Surat DDDNH Dahej Bhiwandi Agra SMK T&D Loss – Licensed Distribution (%) T&D Loss – Franchised Distribution (%) H1 FY24 H1 FY25 H1 FY24
Slide 23: 5 Year Trend - Operational Statistics
#4: 5 YEAR TREND - OPERATIONAL STATISTICS T&D loss (%) THERMAL PLF (%)* Licensed Distribution 88.2% 76.9% 91.0% 6.0% 72.9% 59.9% 5.0% 60.1% 4.2% 4.2% 57.8% 3.7% 59.9% 4.1% 44.3% 44.3% 39.7% 3.4% 3.4% 40.7% 41.1% 3.2% 36.6% 2.8% 38.4% 15.0% 32.8% 0.5% 0.5% 9.8% 30.6% 0.3% 16.1% 9.3% 0.5% 0.4% 6.5% 1.
Slide 24: Significant Ramp Up in Operations Over Last 5 Years
Significant Ramp Up in Operations Over Last 5 years Revenues from Operations (₹ Crore) EBIDTA (₹ Crore) 25,694 27,183 5,141 4,903 3,734 3,607 3,826 13,641 14,257 12,173 2019-20 2020-21 2021-22 2022-23 2023-24 2019-20 2020-21 2021-22 2022-23 2023-24 TCI* (₹ Crore) Net Worth^ (₹ Crore) 2,117 13,295 1,
Slide 25: Comfortable Leverage Provides Headroom in Green Energy Space
Comfortable Leverage Provides Headroom to Capitalise on Opportunities in Green Energy Space Net Debt / EBITDA Net Debt Equity Ratio 2.24 2.25 2.18 0.80 0.80 0.82 0.80 0.64 1.98 1.97 19-20 20-21 21-22 22-23 23-24 19-20 20-21 21-22 22-23 23-24 Return on Capital Employed Return on Networth 19.1% 14.0%
Slide 26: Key Highlights
#4 Key Highlights 25
Slide 27: Key Highlights
Key Highlights One of the leading Indian conglomerate with significant experience in multiple businesses such as Pharma, Power and CGD Quality equipment sourced from major OEMs for the projects #1 Competitive advantage through direct LNG imports compared Being a part of Torrent Group enables
Slide 28: Thank You
THANK YOU Contact details: Rishi Shah Torrent Power Limited “Samanvay”, 600 Tapovan, Ambawadi, Ahmedabad 380015 Ph. No. (079) 26628473 Email: IR@torrentpower.com 27