Jsw Energy Limited · NSE:JSWENERGY
Jsw Energy — Q1 FY2013 Earnings Presentation
29 slides from Jsw Energy's earnings presentation, July 2012
Slide 1: Q1 Presentation FY 2012-13
Energy Lighting up a billion dreams Builds Q1 Presentation FY 2012 ‐13
Slide 2: Agenda
AGENDA SECTOR UPDATE PERFORMANCE HIGHLIGHTS FINANCIAL RESULTS PROJECT UPDATE 2
Slide 3: Sector Update
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Slide 4: Emerging Scenario
EMERGING SCENARIO Slowdown in Industrial Activities IIP Growth (%) Sector April May May 201213 2012 13 201112 2011 12 201213 2012 13 201112 2011 12 Mining (2.0) 1.6 (0.9) 1.8 Manufacturing 0.6 6.0 2.5 6.3 Electricity 5.2 8.5 5.9 10.3 IIP 0.8 5.7 2.4 6.2 Pronounced weakness in Global ggrowt
Slide 5: Capacity Profile
CAPACITY PROFILE Total Installed Capacity Sector and Modewise as on 30th June, June 2012 Sector Capacity (MW)* % Share State Sector 86,275 42% Central Sector 62,074 30% Private Sector 56,991 28% Total 205,340 * includingg R.E.S R.E.S, The installed power generation 24 833MW , 24,833MW 12% capacit
Slide 6: Demand Supply Scenario
DEMAND SUPPLY SCENARIO Power Demand Supply Position Q1FY Q1FY’13 13 (BU) Peak Demand and Peak Met Q1FY Q1FY’13 13 (GW) 300 12.9% 14% 140 133 18% 15.3% 121 248 16% 250 12% 120 228 14.8% 14% 8.6% 10.2% 10% 100 200 12% 8.1% 80 8% 9.1% 10% 150 6.0% 7.8% 8.6% 5.5% 7.2% 8% 6% 60 6.4% 4.7% 4 0% 4.0% 6 6% 6
Slide 7: API Coal Index vs US$:Rupee
visàvis US$:` Indexed API COAL INDEX vis 150 API 4 Coal Index USD:Re 140 130 120 110 100 90 80 Apr‐10 May‐10 Jun‐10 Jul‐10 Aug‐10 Sep‐10 Oct‐10 Nov‐10 Dec‐10 Jan‐11 Feb‐11 Mar‐11 Apr‐11 May‐11 Jun‐11 Jul‐11 Aug‐11 Sep‐11 Oct‐11 Nov‐11 Dec‐11 Jan‐12 Feb‐12 Mar‐12 Apr‐12 May‐12 Jun‐12 Month API 4
Slide 8: Performance Highlights
PERFORMANCE HIGHLIGHTS
Slide 9: Key Highlights
KEY HIGHLIGHTS Achieved highest quarterly net generation 4 731 illi units 4,731million i in i Q1FY13 Unit 6(135MW) of Raj WestPower Limited (RWPL) synchronized on 23rd June 2012 JSW Energy awarded “Best Thermal Power G Generation ti C Company” ” att Power P Li Line A Awards, d 2012 9
Slide 10: Operations Performance
OPERATIONS PERFORMANCE QoQ Net Generation (MU) ( ) Capacity – 2600MW Total 4,731 Capacity – 2030MW 95% Total Ratnagiri 2,422 Vijayanagar 2,215 Vijayanagar 1,745 1,385 Ratnagiri 988 Barmer Barmer 49 771 Q1 FY2012 Q1 FY2013 Vijayanagar Barmer Ratnagiri PLF (Q1 FY 2013) 101% 75% 92% PLF (Q1 FY 2012) 80
Slide 11: Sale of Power
SALE OF POWER S l Mi Sales Mix (MU) 4,731 47% 2,232MU* 2,422 672MU 28% 53% 2,498MU 1,750MU 72% Q1 FY2012 Q1 FY2013 Short Term Sales Long Term Sales * Including power conversion of 356MU Realisation `/ kwh Q1 FY 2012 Q1 FY 2013 Merchant Realisation 5.26 4.40 Longg Term Realisation 3.31 3.64 Average R
Slide 12: Financial Results
FINANCIAL RESULTS
Slide 13: Consolidated Results
CONSOLIDATED RESULTS Q1FY2012 Q1FY2013 Turnover (` Crores) 1 294 1,294 2 268 (75% ) 2,268 EBITDA (` Crores))) 415 660 (59% ) EBITDA (%) 32% 29% Interest (` Crores)) 134 243 Depreciation (` Crores) 105 170 PBT (` Crores) 177 15 PAT (` Crores) 136 3 EPS (`) 0.83 0.02 13
Slide 14: Consolidated Financial Highlights
CONSOLIDATED FINANCIAL HIGHLIGHTS 30th June 2011 30th June 2012 N tW Net Worth th (` Crores) C ) 5 806 5,806 5 687 5,687 Debt (` Crores) 9 722 9,722 9 997 9,997 Net Fixed Assets (` Crores) 14,556 15,352 @ Debt Equity Ratio (Times) 1.67 1.76 Weighted Average Cost of 11.04% 11.27% Debt @Including CWIP
Slide 15: Financial Highlights - Consolidated
FINANCIAL HIGHLIGHTS - CONSOLIDATED Particulars Q1FY’13 % Inc Remarks (` crores) Revenue from Operations p • Increase in Sales ‐ higher g ggeneration;; ‐ Sale of Power 1,830 60% lower merchant tariff & includes power ‐ Transmission 6 ‐37% conversion of `46 crs ‐ Power Traded 295 • Transmission Reven
Slide 16: Consolidated Financial Trends
‐ ‐ 100 200 300 400 500 600 700 Q Q 500 1,000 1 000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 1F Y1 1F 0 Y1 Q 0 2F Q Y1 2F 0 Y1 Q 0 3F Q Y1 3F 0 Y1 Q 0 4F Q Y1 4F 0 Y1 Q 0 1F Q Y1 1F EBITDA (` Crs) 1 Y1 1 Q Q 2F 2F Y1 1 Y1 1 Q Q 3F 3F Net Generation (MU) Y1 1 Y1 1 Q Q 4F 4F Y1 Y1 1 1 Q Q 1F 1F
Slide 17: Projects Update
PROJECTS UPDATE
Slide 18: Raj West Power Ltd. I
RAJ WEST POWER LTD. I Project Details Status Update Gross Capacity p y 1,080 , MW ((8 x 135)) • Unit V synchronized on 30th March, 2012 Technology Subcritical Captive Lignite based TPP • Unit VI synchronized on 23rd June, FSA with BLMCL (49% JV) for supply 2012 Fuel Linkage of lignite from captive
Slide 19: Chattisgarh Power Project
CHATTISGARH POWER PROJECT Project Details Status Update • PPA signed with GoCG for 35% of Gross Capacity p y 1,320 , MW ((2 x 660)) power p • Water allocation obtained Supercritical domestic coal based Technology TPP p g p y survey • Topography y and ggeotechnical investigations completed 11% inte
Slide 20: Kutehr Hydro Project
KUTEHR HYDRO PROJECT Project Details Status Update • Techno Economic Clearance from CEA Gross Capacity 240 MW (3 x 80) received • MOEF accorded d d Forest F t stage t I clearance l & Environment clearance Technology Runoftheriver Hydropower • Prequalification of vendors for electro mechanical &
Slide 21: West Bengal Power Project
WEST BENGAL POWER PROJECT Project Details Status Update Gross Capacity 1320 MW (2 x 660) • Land in possession Technology 1,320 MW Supercritical TPP • Supplementary agreement to PPA offering 40% output from Unit II & III signed with WBEDCL Ichhapur Mines WBMDTC to Fuel Linkage supply fuel 40% to
Slide 22: JSWEL, Vijayanagar
JSWEL, VIJAYANAGAR Project Details Status Update Gross Capacity 660 MW (1 x 660) • Land identified Technology Super critical coal based TPP • TOR cleared by MOEF Imported coal / Domestic linkage • Plant layout finalised Fuel Linkage coal • Soil Investigation completed Water Source Almatti Dam • Publ
Slide 23: Raj West Power Ltd. II
RAJ WEST POWER LTD. II Project Details Status Update Gross Capacity 270 MW (2 x 135) • Land in possession Subcritical Captive lignite based Technology TPP • Applied for coal linkage • Government consent awaited Fuel Linkage Applied to Ministry of Coal Water Allocation from IGNP Allocation Short Term
Slide 24: JSW Energy Ratnagiri Expansion
JSW ENERGY RATNAGIRI EXPANSION Project Details Status Update Gross Capacity 3,200 MW (4 x 800) •Substantial land in possession Supercritical imported coal based Technology •Approvals awaited TPP Letter of support from Government Authority of Maharashtra Fuel Linkage Imported Coal Water Allocation S
Slide 25: Equipment Manufacturing – JSW Toshiba
EQUIPMENT MANUFACTURING – JSW TOSHIBA Project Details Status Update • Blade production commenced Gross Capacity 3GW Steam Turbine Generators • Building & Equipment Warehouse completed Super critical steam turbines of Technology size 5001000 MW • Construction activities of TG Manufacturing Facility
Slide 26: Domestic Mining Projects
DOMESTIC MINING PROJECTS Status Update • Mining lease transferred f in the name off BLMCL BLMCL Kapurdi Mine • Production of 0.56 Million Tons in Q1FY’13 • Lignite supplied to Power plant 0.84 Million Tons • MOEF Clearance received BLMCL Jalipa Mine • Mine development plan approved • Land acquisit
Slide 27: Overseas Coal Project
OVERSEAS COAL PROJECT SACMH Status Update Location Umlabu (Wit Bank Region), South Africa • Raw Coal produced during Q1FY’13: 109,919 Tonnes • Richard’s Bay Coal Terminal Entitlement • Total Sales during Q1FY’13: 50,930 for 0.5 MTPA Tonnes Concessions • Railway a way ssiding d gw within t tthe e min
Slide 28: Forward Looking & Cautionary Statement
FORWARD LOOKING & CAUTIONARY STATEMENT Certain statements in this report 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 r
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