Power Grid Corporation Of India Limited · NSE:POWERGRID
Power Grid Corporation Of India — FY2016 Earnings Presentation
45 slides from Power Grid Corporation Of India's earnings presentation, May 27, 2016
Slide 1: Power Grid Corporation of India Limited – Press & Analysts' Meets
Power Grid Corporation of India Limited Fastest Growing Electric Utility in Asia Press & Analysts’ Meets Mumbai May 27, 2016
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: Major Highlights
Major Highlights POWERGRID Overview Sector Overview & Performance Performance (FY16) Financial Operational Journey - Last 5 years Performance (FY16) – Consultancy, Telecom, CSR & Sustainability Projects Targeted in FY17 & Status of TBCB Projects Outlook, Investment Programme & Way Forward Major
Slide 4: Major Highlights
Major Highlights
Slide 5: POWERGRID Stock getting included – Thank You
POWERGRID Stock getting included1 Thank You for your continued faith & confidence 1- w.e.f. 20-Jun-2016; Source: BSE Notice dated 20-5-16 55
Slide 6: FY16: Major Highlights
FY16: Major Highlights ₹ 31,788 • Highest ever yearly crore Capitalization • Highest ever TL ckm 13,717 ckm addition (Annual) • Gross Fixed Assets surpassed ₹ 1.5 lakh cr. Financials scale • Annual Income surpassed ₹ 20,000 crore new peaks • Profit After Tax surpassed ₹ 6,000 crore 66
Slide 7: FY16: Other Highlights
FY16: Other Highlights NER-Agra HVDC World’s longest multi-terminal ±800kV (Pole-I) HVDC Tr. Line commissioned SAARC Additional Link(s) with Nepal & Interconnections Bangladesh completed & operationalised Projects acquired 1st line* successfully charged in time through TBCB * 400kV D/C Khammam – Nag
Slide 8: POWERGRID Overview
POWERGRID Overview
Slide 9: POWERGRID Today
POWERGRID Today CENTRAL LISTED GOVT. PAYING Market A ‘NAVRATNA’ SHAREHOLDING TRANSMISSION COMPANY DIVIDEND SINCE Capitalization ENTERPRISE UTILITY since 2007 57.90% 1993-94 ₹ 72,771 crore1 >90% ISTS Transmission Network owned by POWERGRID Trans. Lines: 1037 Nos. - ~ 129,600 ckm 400kV & above: >9
Slide 10: POWERGRID Group
POWERGRID Group Government 57.90% Institutions 34.80% Non-Institutions 7.30% of India Shareholding pattern as of 31st March, 2016 Joint Ventures (13) Subsidiaries (11) (% POWERGRID equity holding) (100%) Powerlinks Trans. North Eastern POSOCO Cos. Acquired Ltd. (49%) Trans. Co. (26%) (Grid Managemen
Slide 11: Sector Overview & Performance
Sector Overview & Performance ONE “00 a1
Slide 12: Power Sector Overview & Performance
Power Sector Overview & Performance Generation & Power Supply Installed Capacity RE Capacity incl. RE (GW) (GW) At the end of FY12 (Mar-12) 200 24.5 At the end of FY16 (Mar-16) 302 42.8 Addn. in 4 years (Apr12-Mar16) 102 18.3 Addn. in FY16 30 7.1 Per Capita Consumption: 1075 kWh (2015-16 Prov.) Ener
Slide 13: Power Sector Overview & Performance (contd.)
Power Sector Overview & Performance (contd.) Transmission Infrastructure Transmission X-formation I-R Capacity (ckm) Capacity (MVA) (MW) At the end of FY12 (Mar-12) 257,481 409,551 27,750# At the end of FY16 (Mar-16) 341,551 658,949 58,850# Addn. in 4 years (Apr12-Mar16) 84,070 249,398 31,100 Addn.
Slide 14: POWERGRID - Major Assets commissioned in FY16
POWERGRID- Major Assets commissioned in FY16 Transmission Lines Sub-Stations Inter-Regional Capacity 15 Nos. 13,717 ckm 23,578 MVA 12,400 MW Major Lines Sub-stations Inter-Regional • Bareilly-Kashipur, • Vindhyachal PS • V’chal – Satna, V’chal-Satna (2nd line) • New Melli (GIS) •Barh – Gorakhpur • M
Slide 15: Transmission - Congestion Management: Capacity Enhancement
Transmission- Congestion Management Enhancement of Capacity in last 2 years (FY15, FY16) WR to NR: NEW Grid to SR: Capacity enhanced from 3,700 MW to Capacity enhanced from 3,450 MW to 7,600 MW (105% ↑) 5,900 MW (71% ↑) Targeted increase in Capacity in next 2 years (FY17, FY18) WR to NR: NEW Grid to
Slide 16: Transmission - Congestion Management
Transmission- Congestion Management I-R Power flow from WR to NR & WR to SR (MUs) 46623 29908 24206 11668 15934 10683 7597 7841 FY13 FY14 FY15 FY16 WR-NR WR - SR > 4x > 2x Source: POSOCO 16
Slide 17: Transmission - Positive Steps towards Project Execution
Transmission- Positives Steps towards Project Execution Permission to start work after Stage-I/ In-principle approval Improvement in Forest Enhancement in delegation of powers of Regional Offices of MoEFCC Clearance Process Easing Compensatory Afforestation (CA) conditions in TBCB projects Right of
Slide 18: Performance (FY16)
Performance (FY16)
Slide 19: Performance (FY16) - Financial
Performance (FY16)- Financial (₹ in crore) Quarter ended Year ended Description Standalone Standalone Income 31.03.2016 31.03.2015 31.03.2016 31.03.2015 - Transmission Charges 5,492 4,468 19,945 16,521 - Consultancy – Services 163 157 465 381 -Telecom 105 79 392 275 - Other Income 201 206 479 603 To
Slide 20: Performance (FY16) - Financial
Performance (FY16) - Financial (₹ in crore) Description As on 31.03.2016 As on 31.03.2015 Gross Fixed Assets 1,50,052 118,264 Capital Work-in-Progress 46,830 56,292 Debt 1,06,321 93,845 Net Worth 42,598 38,037 Earning Per Share (₹) 11.52 9.52 Book Value per Share (₹) 81.43 72.71 Key Financial Ratios
Slide 21: Performance (FY16) - Billing & Realization
Performance (FY16) - Financial Billing & Realization Billing Realization %age realization ₹ 19,178 crore ₹ 18,668 crore 97.34% As on 31.03.2016 ~ ₹ 2,596 crore Total Outstanding (50 days billing#) Transmission Outstanding ~ ₹ 367 crore (beyond 60 days) (7 days billing#) Billed but not outstanding ~
Slide 22: Performance (FY16) - Operational
Performance(FY16) - Operational Performance during FY16 Availability : 99.72% Reliability : 0.66 Trippings/ line Assets as on Mar-16: Trans. Lines : 1031 Nos. - 129,354 ckm Sub-stations : 207 Nos. (incl. 24 GIS) - 255,348 MVA (104 sub-stations remotely operated) Voltage Landscape migrati
Slide 23: Journey (Last 5 years)
Journey (Last 5 years)
Slide 24: Journey: Asset Creation
Journey (Last 5 years): Asset Creation Consistent Asset Growth Investment-led Asset Growth…. … Consistent increase in ISTS Infrastructure (₹ in ‘000 crore) TL ('000 ckm) X-fm ('000MVA) S/S (Nos.) Gross Fixed Assets (GFA+WIP) 207 2.37x 192 184 167 255.3 196.1 150 231.7 174.3 149.8 150.1 205.9 120.8 1
Slide 25: Journey: Profitability
Journey (Last 5 years): Profitability Asset Based Returns & Sustained Profitability…. Income Profit After Tax CAGR: 19% 21,281 17,780 CAGR: 20% 6,027 15,721 13,328 4,979 4,497 10,785 4,235 3,255 FY12 FY13 FY14 FY15 FY16 FY12 FY13 FY14 FY15 FY16 FY12 FY13 FY14 FY15 FY16 (₹ in crore) 25
Slide 26: Journey: Returns to Stakeholders
Journey (Last 5 years): Returns to Stakeholders …. and enhanced Shareholder returns…. Earning Per Share & Book Value per Share 81.43 72.71 65.78 56.62 11.52 50.73 9.15 9.36 9.52 7.03 FY12 FY13 FY14 FY15 FY16 EPS BV per share (₹ ) Dividend for FY16: ₹ 2.31 per share (including ₹ 1.51 proposed) 26
Slide 27: Journey: Project Efficiency
Journey (Last 5 years): Project Efficiency Increasing Capitalization & Efficient Project Mgmt. Thrust on Capitalization …and CWIP Management 39,882 Capex Capitalisation Capitalization/ Capex (%) 141% 97% 33,951 86% 31,851 69% CWIP 73% 31,788 (Installed) 21,037 21,479 23,158 22,456 22,584 17,701 20,0
Slide 28: Journey: Employee Efficiency
Journey (Last 5 years): Employee Efficiency Increased Employee Productivity…. ….and Employee Efficiency ckm/ Employee MVA/ Employee Income/ Employee Profit/ Employee 29.7 247 (Figures ₹ in lakh) 27.1 208 23.7 181 18.5 150 15.0 117 13.5 13.5 11.2 12.3 10.1 70 52 58 48 35 FY12 FY13 FY14 FY15 FY16 FY12
Slide 29: Performance (FY16): Consultancy, Telecom, CSR & Sustainability
Performance (FY16) Consultancy Telecom CSR & Sustainability ONE “00 29
Slide 30: Performance (FY16): Consultancy - Domestic
Performance (FY16): Consultancy - Domestic Income (incl. Intl. Business) ₹ 465 crore (22%↑) TS for Eastern DFCI; Orders recd.: 27 Nos. Major IPDS Implementation Project Cost of Orders.: ₹ 810 crore Orders Line & S/S for East Central Railways Ongoing Assignments: 115; Project Cost ₹ 14,826 crore (Bal
Slide 31: Performance (FY16): Consultancy - International
Performance (FY16): Consultancy- International Footprints: 18 countries Orders recd.: 4 EOIs submitted: 19 Comml. Proposals submitted: 15 New countries approached Major Highlights New Interconnections with Nepal & Bangladesh - accomplished Doshi & Charikar Sub-stations & associated lines in Afga
Slide 32: Performance (FY16): Telecom
Performance (FY16): Telecom 79 New Clients Total Order Income: Book added ₹ 392 crore (43%↑) [(Pvt. (42), Govt(37)] > ₹ 2100 crore • Services provided: Dedicated Leased Lines, Internet, MPLS-VPN, Dark Fiber • Clientele: Telcos, Govt. Deptts., PSUs & Private Cos. , IT Cos. Infrastructure: Fiber O
Slide 33: Performance (FY16): CSR & Sustainability
Performance (FY16): CSR & Sustainability Major Thrust Areas for CSR Rural Skill Education Health Environment Development Development Major CSR Projects undertaken in FY16 • Construction of ~9,500 toilets in ~4,250 schools in 7 States under ‘Swachh Bharat Mission’ of GoI • Skill Development to more t
Slide 34: Projects Targeted for FY17 & Status of TBCB Projects
Projects Targeted for FY17 & Status of TBCB Projects ONE “00 34
Slide 35: Projects in FY17
Projects in FY17 Transmission Lines Sub-Stations Inter-Regional Capacity 15,000 GW-ckm 20 Nos. 12,300 MW Major Lines Sub-stations Inter-Regional • Gaya-Varanasi, Varanasi-Kanpur-Jhatikara • NP Kunta • Pachkula-Patiala; Sikar-Jaipur • Salem (Dharmapuri) • Aurangabad-Boisar; Navsari-Boisar; Kala-Kudus
Slide 36: Status of TBCB Projects (upto Mar'16)
Status of TBCB Projects (upto Mar’16) Cost-wise Participation Success [Annual Levelised Tr. Charges] 23 Projects 9 (39%) ₹ 1643 crore (47%) SPV & Date of Incorporation Completion ALTC (₹ in cr.) Current Status POWERGRID NM Trans. Ltd. (Mar-12) Oct-16 99 Construction under Progress POWERGRID Vizag Tr
Slide 37: Outlook, Investment Programme & Way Forward
Outlook, Investment Programme & Way Forward ONE “00 37
Slide 38: Power Sector Outlook
Power Sector Outlook Capacity addition for Apr17-Mar22 period • Generation initially envisaged for the period ‘Apr17 to Mar22’ (i.e. FY18-FY22) • 86 GW (conventional) • 30 GW (Renewables) • Reworking of Generation & Trans. Plan – under process by GoI Source: CEA/ MNRE 38
Slide 39: Power Sector Outlook (contd.)
Power Sector Outlook (contd.) For Renewables: Revised Target 175GW by 2022 Solar- 100 GW Wind- 60 GW Others- 15 GW Solar Capacity Addn.- Year wise Solar: 100 GW Targets • Upto FY16: 6.7 GW (Actual as on 31.3.16) • Ultra Mega Solar Parks: 20 GW • FY17: 12 GW • Rooftop: 40 GW • FY18: 15 GW • Distribut
Slide 40: POWERGRID Outlook: Total Works in Hand
POWERGRID Outlook (as on Apr’16) Ongoing Projects approx. ₹ 94,000 crore New Projects approx. ₹ 34,000 crore TBCB Projects approx. ₹ 16,000 crore (as per Empowered Committee Estimate) Total Works in Hand: ₹ 1,44,000 crore (approx.) 40
Slide 41: Planned Investment (Apr12-Mar17)
Planned Investment (Apr12-Mar17) Planned Capital Annual Capex Plan Outlay* [*Projects: Ongoing Projects; Tariff Based Bidding Projects; Projects assigned by GoI; Green Energy Corridors; Intra-State Projects; Transnational Interconnections ] FY12-13: FY13-14: FY14-15: FY15-16: FY16-17: ₹110,000 ₹20,0
Slide 42: Way Forward
Way Forward Strengthening the Core Transmission Business through Capital Efficiency Operational Efficiency Process Innovation Tapping Opportunities in International Transmission Business through Consultancy EPC Asset Ownership (subsequently) Increasing Telecom Business by Leveraging to
Slide 43: Major Recognitions
Major Recognitions
Slide 44: Major Recognitions
Major Recognitions Fastest Growing Electric Utility in Asia for 2nd successive year Only Indian PSU in the Platts Top50 Fastest Growing Energy Companies 2015 • Source: Platts Top 250 Energy Company Rankings 2014 & 2015 POWERGRID – Only Indian Company among ‘One of the Best Three Asian Companies whic
Slide 45: Presentation available at www.powergridindia.com
Presentation available at www.powergridindia.com
Power Grid Corporation of India — FY2016 Earnings Presentation on 6ix