Cesc Ltd · NSE:CESC
Cesc — Investor Presentation (June 2019)
33 slides from Cesc's investor presentation, June 2019
Slide 1: CESC Limited
CESC Limited Powering India since 1899 June 2019 1
Slide 2: Disclaimer
This presentation has been prepared by and is the sole responsibility of CESC Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitation or inducement to sell or iss
Slide 3: RP- Sanjiv Goenka Group
=>. RP- Sanjiv Goenka —wPF Group Growing Legacies GROWING LEGACIES 1S OUR CULTURE. of CESC _ICML,. | SURYA Gine _®... con bane mies firstsource Leauminnoned aevomen et CMTE www.rp-sg.in Fol £) Ed You Ture ww WOODLANDS MOBSTTAC
Slide 4: RP- Sanjiv Goenka Group
RP- Sanjiv Goenka Group CESC Ltd Fully Integrated Private Power Utility RP-Sanjiv Goenka Group is a well known diversified business house in India Phillips Carbon Black RP-Sanjiv Goenka Group has interests across diverse India’s largest Carbon Black Manufacturer Ltd business sectors - Power & Na
Slide 5: Indian Power Sector - Overview
Indian Power Sector - Overview All India Installed Capacity Power availability & deficit 11% ACS-ARR GAP Coal Based PLF’s – to rise steadily Without Subsidy For UDAY states - Reduction by Rs. 0.42 per kwh 5
Slide 6: Indian Power Sector - Outlook
Indian Power Sector - Outlook Outlook on Power Demand (6.3% CAGR growth) Factors influencing future power demand GDP Growth Capacity expansion Power for all , 24*7 availability Outlook on Per Capita electricity consumption Intensive rural electrification Govt. drive for ( make in India) an
Slide 7: CESC - Power Business Generation & Distribution
CESC - POWER BUSINESS GENERATION & DISTRIBUTION 7
Slide 8: Operational Facilities - Overview
OPERATIONAL FACILITIES -OVERVIEW Renewables Kolkata Distribution Business Independent Power Plants 600 MW thermal power plant in Coal Mining, Power Generation & Chandrapur, Maharashtra Noida Distribution Distribution (Project cost Rs. 38 billion) -1125 MW thermal power plant - 567 sq km area 600 MW
Slide 9: Recent key achievements
Recent key achievements Significant rise in Consolidated PAT PAT FY 19 – Rs 1184 cr FY 18 – Rs 912 cr - All time high EPS ~ Rs 90 (Consol) FY 17 – Rs 690 cr First time PBDT +ve for Chandrapur project in FY’19 Budge Budge & Haldia amongst TOP TEN performing power plants in the country Marked improvem
Slide 10: Financial Performance of key subsidiaries - FY'18-19
Financial Performance of key subsidiaries - FY`18-19 Revenue EBIDTA PAT PAT FY`18-19 FY`18-19 FY`18-19 FY`17-18 CESC Ltd (Standalone) 7919 2093 937 861 CESC Ltd (Consolidated) 10868 3660 1184 912 Haldia Energy Ltd 2293 969 324 313 Dhariwal Infrastructure Ltd 1181 366 (93) (199) Crescent Power Ltd &
Slide 11: Distribution Overview
Distribution Overview Rajasthan – City/ (KOTA, Kolkata Noida Malegaon Location Bharatpur, Bikaner) Bikaner Distribution Input based Input based Noida Licensee Licensee Bharatpur Contract franchisee franchisee Kota Kolkata Area 567 sq. km 335 sq. km 381 sq. km 25 sq. km Malegaon Consumer 33 lakhs 82
Slide 12: Overview of CESC - Kolkata Distribution Business
Overview of CESC - Kolkata Distribution Business India’s oldest electricity utility, operating since 1899- 120+ years of experience Engaged in Coal mining, Generation and Distribution of electricity to city of Kolkata & adjoining areas Almost entire energy requirement met from own / subsidiary
Slide 13: Kolkata distribution: B2C Business
Kolkata distribution : B2C Business Integrated Fault 3.3m Consumers 6 Regions Customer Mgmt. / SBUs Care Sys • Sales (license area) – 9700 MU+ • 10 Mains CRM • World-class o LT – 69% District Control Centre o HT – 31% • 73 10 Mains • SCADA & Commercial Districts Analytics • Export ~ 700 MU districts
Slide 14: Delivering Customer service across the electricity value chain
Delivering Customer service across the electricity value chain Network Technology Reliability Innovations Generation Transmission Distribution Smart outage Complaint management 16.5KV 400,220KV 33,11KV 440V/220V Management Smart Metering Virtual office 14
Slide 15: Leadership in Technology and Innovation
Leadership in Technology and Innovation Integrated SS at New Cossipore Compact 33 kV Distribution Underground 132 kV SS at with 220, 132 & 33 kV GIS Station `Quest Mall’ Transforming the way Utilities relate to their customers AMI with approx. 25,000 Smart 1.5 MW Demand Response project with Meters
Slide 16: Improving Consumer Experience with superior customer service
Web Services Mobile Apps Improving Consumer Experience with superior customer service SMS Services 24x7 Call Centre Branding Communication – Web chat etc Enriching Consumer Experience Social Social Media Media 16
Slide 17: Awards & Recognitions
Awards & Recognitions Dun & Bradstreet Infra Awards 2017 Best Distribution Company Budge Budge TPP 9th CII national HR Awarded as the excellence awards Gold Winner at the 2018-19 Global Leadership in HR Environment Excellence Recent Award Recognitions CII-Exim Bank 11th ENERTIA Award for Awards 2017
Slide 18: CESC Standalone Financials
CESC Standalone Financials Sales (MU) Revenue (Rs. bn) 10350 10390 79 79 9446 9549 74 69 8733 9034 62 8443 8651 56 54 48 FY`12 FY`13 FY`14 FY`15 FY`16 FY`17 FY`18 FY`19 FY`12 FY`13 FY`14 FY`15 FY`16 FY`17 FY`18 FY`19 Including power export Financial nos. from FY’16 compiled under IND AS T&D Loss (%)
Slide 19: CESC Standalone Financials
CESC Standalone Financials PBT (Rs. Bn) Long Term Debt / Equity Ratio 11.94 0.8 10.99 11.02 0.7 10.46 0.7 8.83 0.6 0.6 0.6 0.6 7.73 8.25 0.6 6.93 0.5 0.5 0.5 0.5 0.4 0.3 0.2 0.1 FY`12 FY`13 FY`14 FY`15 FY`16 FY`17 FY`18 FY`19 0.0 Financial nos. from FY’16 compiled under IND AS FY`12 FY`13 FY`14 FY`1
Slide 20: Noida Power Company Limited
Noida Power Company Limited JV with Power Procurement Distribution Area Greater Noida Started operations Dhariwal Greater Noida in Industrial December 1993 Infrastructure/ Short Uttar Pradesh Development Term/ Renewables Authority Area 335 sq.km. Population No. of consumers Peak Demand (equivalent t
Slide 21: CESC
CESC S1— Ap-saniiv Goenka =HPX Grove Limiteo ‘orig Sw
Slide 22: Noida Power Company Limited - Load Forecast
Noida Power Company Limited Load Forecast 900 846 794 800 740 685 700 629 574 600 541 519 508 466 474 500 437 414 403 400 365 367 332 297 404 265 379 300 353 233 327 300 274 200 248 222 198 174 100 0 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 FY 27 Peak Demand Avg. Demand Base Demand Peak
Slide 23: Distribution Franchisee-Kota, Bharatpur and Bikaner
Distribution Franchisee-Kota, Bharatpur and Bikaner Particulars Kota Bharatpur Bikaner Area (Sq. Km.) 176 50 155 Population (Nos. Lakh) 11.76 2.52 6.44 Consumer Count (Nos. Lakh) 2.28 0.63 1.79 Energy Input (Million Units) 1315 265 780 330 Km Units Sold (Million Units) 1016 220 639 170 Km Dom. = 48%
Slide 24: Key Interventions after Takeover
Key Interventions after Takeover Soft value enhancement for Loss Reduction Initiatives Network Reliability customers • Defective meters replaced • Centralized Command Station • New connection within a day • Regular billing for consumers • Diesel Gen Sets on stand-by for • Outage calls attended in <1
Slide 25: CESC Distribution – Malegaon
CESC Distribution – Malegaon Mumbai- Malegaon 270 Kms Start of operations Distribution Area Concession Period Power Procurement April 2019 Malegaon in 20 Years MSEDCL (Anticipated) Maharashtra Area No. of consumers Energy Input Energy Billed 25 sq.km. 1 lakh 900 MUs 497 MUs Nashik- Malegaon ~100 Kms
Slide 26: Generation Overview
Generation Overview PLF Generation Capacity 2539 MW Plant Capacity FY’19 Offtake Arrangement Fuel Security • CIL Linkage BBGS 750 MW 92 • Coal Mine • E-auction Integrated generation for SGS 135 MW 28 Kolkata Distribution • CIL Linkage Nipaniya TGS 240 MW - • CIL Linkage Crescent • Coal Washery 40 MW
Slide 27: Power Generation – Integrated with Kolkata Distribution
Power Generation – Integrated with Kolkata Distribution Stations Budge Budge- BBGS Assured Post Tax (3x250MW) Cumulative Capacity Equity Return Southern- SGS 1125MW 15.5% on (2x67.5MW) Normative Equity Titagarh- TGS (4x60MW) 1985 1990 4 X 60 MW TGS commissioned 2 X 67.5 MW SGS commissioned BBGS rank
Slide 28: 600 MW Haldia Thermal Power Project, West Bengal
600 MW Haldia Thermal Power Project, West Bengal • Generating Station: 2x300 MW Thermal Power Plant • Entire capacity to CESC (Kolkata) -PPA approved by WBERC • Assured Post Tax Equity Return 15.5% on Normative Equity • Fuel Supply Agreement with Mahanadi Coalfields Limited • Presently featuring amo
Slide 29: 600 MW Chandrapur Thermal Power Project, Maharashtra
600 MW Chandrapur Thermal Power Project, Maharashtra • First Independent Power Plant of CESC • Generating Station: 2x300 MW in Chandrapur, near Nagpur • Project cost of Rs. 38 billion funded at 75:25 debt-equity ratio • Fuel Supply Agreement with South Eastern Coal Fields Limited • Received ISO cert
Slide 30: Crescent Power
Crescent Power • Generating Station: 40 MW AFBC based power plant • Commissioning Year: 2010 • Plant set up at CESC’s Sarisatolli coal mine pit in West Bengal & primarily based on washery rejects • Power sold to the grid • Connected to State Transmission Utility Grid Substation through 14km long Tra
Slide 31: Renewables - Current Operations
Renewables - Current Operations Company Logo Operational (174 MW) Jaisalmer 24 MW Wind Rojmal Nipaniya 70 MW Wind 36 MW Wind Mahidad 26 MW Wind Ramnad 18MW Solar 31 31
Slide 32: Renewables
Renewables One of the best portfolios in terms of tariff and returns Amongst the first companies to set up a Solar Power Project at Gujarat (2010) and Tamil Nadu (2015) under the State Feed-in-tariff model Capacity Project Plant Type PPA with Type of Power Sale COD MW Dangri, Rajasthan Wind 24 JVVNL
Slide 33: Thank You
RP- Group THANK YOU Limiteo