Jsw Energy Limited · NSE:JSWENERGY
Jsw Energy — Q4 FY2019 Earnings Presentation
19 slides from Jsw Energy's earnings presentation, May 16, 2019
Slide 1: JSW Energy Limited Q4FY19 and FY2019 Results Presentation
JSW Energy Limited Q4FY19 and FY2019 Results Presentation May 16, 2019
Slide 2: Key Highlights for Q4FY19 (1/2)
Key Highlights for Q4FY19 (1/2) • Continued de-risking of the Business; Significant portion of open capacity tied up under short-term power supply contracts in FY20 • Vijayanagar plant secured PPA for 300 MW from Telangana State for a period of 9 months beginning July 1, 2019 • In L1 basket for 290
Slide 3: Key Highlights for Q4FY19 (2/2)
Key Highlights for Q4FY19 (2/2) • JSW Energy (Barmer) Ltd was awarded 1) INDIA-CSR Award for Livelihood Creation, 2) Economic Times CSR Leadership Award, 3) Grow Care India Environment, Sustainability and Water Management Award • The Company’s Vijayanagar plant was awarded ‘Certificate of Safety’ by
Slide 4: Agenda
Agenda Business Environment Operational and Financial Performance 4
Slide 5: Demand Growth Trends
Demand Growth Trends FY19 Q4 FY19* Q3 FY19 Q2 FY19 Q1 FY19 Remarks Region YoY % YoY % YoY % YoY % YoY % (MUs) (MUs) (MUs) (MUs) (MUs) (Key States driving Demand) North 3,83,049 3.0% 83,350 0.2% 87,975 2.9% 1,10,304 2.7% 1,01,421 5.8% Rajasthan (Q4: 11%, FY: 12% YoY) West 3,89,902 5.8% 95,011 2.3% 1,
Slide 6: Generation and PLF trends
Generation and PLF trends Gross FY19 Q4 FY19 Q3 FY19 Q2 FY19 Q1 FY19 YoY % YoY % YoY % YoY % YoY % Remarks Generation (MUs) (MUs) (MUs) (MUs) (MUs) Thermal 10,72,012 3.4% 2,66,790 -1.1% 2,75,824 6.8% 2,53,047 2.3% 2,76,562 5.7% • Overall generation growth Hydro 1,35,040 7.0% 23,174 20.1% 28,337 11.4
Slide 7: Installed Capacity
Installed Capacity Sector-wise Installed Capacity – 356.1 GW Segment-wise Installed Capacity – 356.1. GW (As on March 31, 2019) (As on March 31, 2019) Total: 77.6 GW # Total: 86.6 GW # Total: 105.1 GW # +3,560 MW * RES +2,675 MW * Central State +668 MW * 21.8% 24.3% 29.5% Hydro Total: 226.3 GW # Tot
Slide 8: Average Merchant Tariff higher in FY19
Average Merchant Tariff higher in FY19 Merchant Tariff Trend (`/unit) Particulars FY19 YoY% Q4 FY19 YoY% QoQ% 6.50 6.00 5.50 Merchant Volume 50,036 12% 9,431 -12% -27.2% 5.00 (MUs) 4.50 4.00 3.50 3.00 Particular FY19 FY18 FY17 FY16 2.50 2.00 Average merchant 1.50 3.85 3.26 2.42 2.73 Apr May Jun Jul
Slide 9: Indian Economy and Imported Thermal Coal Prices
Indian Economy and Imported Thermal Coal Prices Industrial production (IIP) growth for FY19 stood at 3.6% on a YoY basis, lowest in three years Imported coal (API4) price and USD/INR indexed to Mar-18 Levels IIP growth slowed down in Q4FY19, dipping to 23-month low of (0.1)% Indexed API 4 Coal (
Slide 10: Agenda
Agenda Business Environment Operational and Financial Performance 10
Slide 11: Power Generation
Power Generation Q4 Plant-wise Net Generation FY Plant-wise Net Generation 1% 20% 2% 11% 22,088 3% 21,816 5% 7,353 5,862 6,110 5,204 4,355 6,017 6,140 25% 4,216 18% 24% 2% 3,515 3,703 1,670 1,793 1,436 397 391 1,377 857 649 Vijayanagar Ratnagiri Barmer Hydro Total Vijayanagar Ratnagiri Barmer Hydro
Slide 12: Sustained Improvement in Business Risk Profile
Sustained Improvement in Business Risk Profile Improving LT PPA mix Improving Operating efficiency 3,578.5 MW • LT PPAs under Two-part Tariff scheme with full fuel cost 80.4% * +250.5 MW 2 pass through insulates from forex/fuel price fluctuations 3,328 MW +462 MW 1 75.0% * • Focus on improving opera
Slide 13: Strong Pipeline of Capacity tie-ups
Strong Pipeline of Capacity tie-ups Improving Capacity Tie-ups Strong Pipeline of LT/ST PPAs Plants Capacity (MW) Capacity tied in FY20 Vijayanagar Plant: • Secured PPA for 300 MW from Telangana State for a period Consolidated1 4,486 ~90% LT: ~82%, ST: ~8% of 9 months beginning July 1, 2019 • In L1
Slide 14: Consolidated Financial Results
Consolidated Financial Results ` Crore Q4 FY19 Q4 FY18 Particulars FY19 FY18 2,018 1,879 Turnover 9,506 8,514 570 525 EBITDA 3,221 3,228 28% 28% EBITDA Margin(%) 34% 38% 276 323 Interest 1,192 1,456 287 238 Depreciation 1,164 966 7 (454) Profit Before Tax 865 388 4 (483) Profit After Tax 695 78 301
Slide 15: Amongst the Strongest Balance Sheet in Power Sector
Amongst the Strongest Balance Sheet in Power Sector in ` Crore in (x) 13,000 1.13 1.20 Net Worth (Rs Crore) 1.04 1.02 1.10 Net Debt (Rs Crore) 12,000 0.98 0.90 0.90 1.00 Net Debt/Equity (x) 11,000 0.90 0.85 0.80 10,000 0.70 9,000 0.60 Sep 30, Dec 31, Mar 31, Jun 30, Sept 30, Dec 31, Mar 31, 2017 201
Slide 16: Entity-wise Summary Financial Performance
Entity-wise Summary Financial Performance ` Crore Q4 FY19 Q4 FY18 Income from Operations FY19 FY18 1,111 1,017 Standalone 5,118 4,212 632 569 JSW Barmer 2,566 2,211 131 146 JSW Hydro 1,244 1,401 21 22 JPTL 81 89 1,925 1,775 Consolidated * 9,138 8,049 * After inter-company adjustments and elimination
Slide 17: Entity-wise Summary Financial Performance
Entity-wise Summary Financial Performance ` Crore Q4 FY19 Q4 FY18 EBITDA FY19 FY18 232 265 Standalone 1,167 1,201 234 212 JSW Barmer 993 888 102 112 JSW Hydro 1,103 1,285 20 21 JPTL 78 86 570 525 Consolidated * 3,221 3,228 * After inter-company adjustments and eliminations 17
Slide 18: Forward Looking and Cautionary Statement
Forward Looking and Cautionary Statement This presentation has been prepared by JSW Energy Limited (the “Company”) based upon information available in the public domain solely for information purposes without regard to any specific objectives, financial situations or informational needs of any parti
Slide 19: Thank you
Thank you 19