Power Grid Corporation Of India Limited · NSE:POWERGRID
Power Grid Corporation Of India — Q2 FY2015 Earnings Presentation
30 slides from Power Grid Corporation Of India's earnings presentation, Nov 12, 2014
Slide 1: Press & Analysts' Meet, November 12, 2014 Mumbai
Fastest Growing Electric Utility in the World Press & Analysts’ Meet ` November 12, 2014 Mumbai
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: Recent Highlights
Recent Highlights Company Power Supply Fastest completes 25 Restoration Growing years (post natural calamities) - Electric J&K and Andhra Utility in the Pradesh World1 ONE Nation Grid 3 1- Based on Platts Top250 Ranking of Global Energy Cos. For 2014 Frequency
Slide 4: 25 Years of ONE: 1989-1994 milestones
Incorporated on ER-NER grids • Renamed ‘Power • 1st MOU with Maiden 23rd Oct, 1989 as synchronized Grid Corporation GoI Dividend ‘National Power of India Limited’ declared for • 1st World Transmission w.e.f 23rd October Rs.5 crore Bank loan 1992 (FY93-94) Corporation directly to Limited’ • Commercia
Slide 5: 25 Years of ONE: 1995-1999 milestones
Company receives Awarded 1996- • Turnover crosses Jointly ISO 9001 (1994) ARTDO Asia- Rs.1000 crore promoted Quality System Pacific Award Power Trading Certification for • 1st ever National (Only PSU in Corporation of turnkey execution Consultation in Asia Pacific India Ltd. of 400kV trans. Asia to
Slide 6: 25 Years of ONE: 2000-2004 milestones
• Diversifies into • Commercial • 1st JV in ISTS established Telecom business Operation of (for Tala TS) Delhi-Chandigarh • 1st Telecom link (Delhi-Chandigarh) Telecom link • WR-ER-NER grids inaugurated by • EoIs invited for synchronized Hon’ble PM of India taking up • 1st Intl Consultancy projects
Slide 7: 25 Years of ONE: 2005-2009 milestones
• +/-800kV HVDC • NR grid synchronized with • Declared as ‘Navratna’ conceived for WR-ER-NER grid to form enterprise by GoI power transfer ‘NEW’ Grid • Turnover crosses Rs.5000 from NER • Profits cross Rs.1000 crore crore • WAMS conceived for introducing • Commissions 100th sub- • Ranked as world’s
Slide 8: 25 Years of ONE: 2010-2014 milestones
• Joins GoI for NKN • Intl. Credit Rating by S&P and Fitch Project (Telecom) • Implementation of NTAMC taken up • 1st Foreign Currency Bond issue • 1st Follow On Public • 2nd Follow On Public Offer (FPO) • Participates in • SR synchroized with NEW Grid: ‘One TBCB for the 1st Nation- One Grid- One Fr
Slide 9: 25 Years of Energizing India
25 years of Energizing India Gross Fixed Assets Income PAT Dividend 270 ckm MVA S/S 13.7 27 25 19 4.7 4.6 1.0 1 1 FY94 FY93 FY99 FY04 FY09 FY14 FY09 FY93 FY94 FY99 FY04 FY09 FY14 FY93 FY94 FY99 FY04 FY14 Consultancy Telecom Manpower ckm/ employee IR Trf STOA (Txn) STOA (Engy) PAT per Employee 143 77
Slide 10: 25 Years of Energizing India: Transmission Capacity
25 years of Energizing India Transmission Lines, Sub-stations and X-formation Capacity 13.7 One of the world’s Largest Transmission Utilities 4.7 4.6 1 FY99 FY10 FY93 FY94 FY95 FY96 FY97 FY98 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY11 FY12 FY13 FY14 ckm MVA S/S (as on 31.03.2014) 106,804
Slide 11: 25 Years of Building Assets & Creating Wealth
25 years of Building Assets & Creating Wealth Gross Fixed Assets, Income & Profit after Tax 27 25 • Fastest Growing Electric Utility globally1 • 5th Largest CPSU2 19 1 FY08 FY93 FY94 FY95 FY96 FY97 FY98 FY99 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY09 FY10 FY11 FY12 FY13 FY14 Gross Fixed Assets Inc
Slide 12: 25 Years of Distributing Wealth: Dividend
25 years of Distributing Wealth Dividend 270 • IPO/ FPO Investors would not have incurred loss on their investment • Aggregate Dividend paid since listing: ₹ 13.09 per share 1 FY08 FY93 FY94 FY95 FY96 FY97 FY98 FY99 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY09 FY10 FY11 FY12 FY13 FY14 Dividend FY13-
Slide 13: Generating Extra Returns: Consultancy & Telecom
25 years of Generating Extra Returns for Stakeholders Consultancy & Telecom 143 Footprints in 18 countries 110 1 1 FY93 FY94 FY95 FY96 FY97 FY98 FY99 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 Consultancy Telecom • Consultancy Income (FY14) : ₹ 627 cr. • Telecom Incom
Slide 14: Optimizing Resources: Inter-Regional Power Transfer & STOA
25 years of Optimizing Resources Inter-Regional Power Transfer & Short Term Open Access 77 One of the Largest power grids operating at single frequency in the world 44 1 1 5 FY01 FY93 FY94 FY95 FY96 FY97 FY98 FY99 FY00 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 Inter-Regional P
Slide 15: 25 Years of Employee Efficiency
25 years of Employee Efficiency Employee Efficiency 13.5 Ranked 7th in Terms of Profit per Employee1 3.3 1 1.41 FY93 FY94 FY95 FY96 FY97 FY98 FY99 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 Manpower ckm/ Employee PAT/ Employee • Employees (as on 31.3.2014) : 8,694 • c
Slide 16: 25 Years of Growth - A Summary
25 years of Growth – A Summary Manpower ckm S/S MVA Profit after Tax Gross Fixed Assets Income Inter-Regional Power Transfer XII Plan Growth Phase XI Plan- X Plan- Growth Phase 77 Growth Phase IX Plan - Consolidation Amalgamation Phase 25 Phase 27 19 14 4.7 4.6 1 1.4 FY93 FY94 FY95 FY96 FY97 FY98 FY
Slide 17: POWERGRID Today
POWERGRID Today CENTRAL LISTED GOVT. PAYING A ‘NAVRATNA’ SHAREHOLDING TRANSMISSION COMPANY DIVIDEND SINCE ENTERPRISE UTILITY since 2007 57.90% 1993-94 Vision World Class, Integrated, Global Transmission Company With Dominant Leadership in Emerging Power Markets Ensuring Reliability, Safety and Econo
Slide 18: Financial Highlights - Q2FY15
Financial Highlights- Q2FY15 (₹ in crore) Quarter ended Half year ended FY 2013-14 30.09.2014 30.09.2013 30.09.2014 30.09.2013 Revenue - Transmission Charges 4055 3713 7871 7104 14327 - Consultancy Income- Services 61 56 122 122 333 - Consultancy Revenue – Sale of 0 157 0 186 294 Products - Telecom
Slide 19: Financial Highlights - Q2FY15 (Balance Sheet & Ratios)
Financial Highlights- Q2FY15 (₹ in crore) As on 31.03.2014 As on 30.06.2014 As on 30.09.2014 Gross Fixed Assets 96,504 101,382 106,085 Capital Work-in-Progress 53,330 53,345 54,827 Debt 80,470 84,685 88,110 Net Worth 34,413 35,526 36,753 Earning Per Share (Rs) 9.36 2.17* 4.47* Book Value per Share (
Slide 20: Billing & Realization
Billing & Realization Billing Realization %age realization ₹ 7,883 Crore ₹7,444 Crore 94.43% Avg. Monthly Billing: ₹ 1,314 Crore => 2months (60 days) billing = ₹ 2,628 crore Dues as on 05.11.2014 (A) Due < 60 days (not outstanding as 60 days allowed by CERC) = ₹ 1,191 crore Description ₹ in Crore (B
Slide 21: Project Execution - Q2 & H1FY15
Project Execution – Q2 & H1FY15 (₹ in crore) 10800 10694 9581 6500 6507 4850 4703 3557 Q2FY14 Q2FY15 H1FY14 H1FY15 Capex Capitalization Till Capex Till Capitalization FY15 date ₹ 12,272 date ~ ₹ 13,200 crore crore ONE Nation Grid Frequency
Slide 22: Projects in FY15
Projects in FY15 Transmission Lines Sub-Stations Inter-Regional Capacity 15 Nos. ~ 15,000 GW-ckm 7,300 MW ~ 30,000 MVA Major Lines Sub-stations Inter-Regional • Nellore-Thiruvalem • Bina – Gwalior •Rangpo (GIS) • Champa-Raipur, Champa-Dharamjaygarh •Shahjahanpur • Jharsuguda – Dh’jaygarh • Indore -
Slide 23: Operations Highlights - H1FY15
Operations Highlights – H1FY15 Assets under Management (as on 30-Sep-2014) Grid Management1 (POSOCO) 911 Nos. 765kV(*): 17% IR Energy Trf (BU) Short Term Open Access Lines 110,514 ckm 400kV: 73% H1FY15 40.85 37.56 Transactions: Sub- 186 Nos. 213,819 765kV(*): 21% 19,336 Nos. Stations MVA 400kV: 68%
Slide 24: Consultancy Highlights - Q2FY15
Consultancy Highlights - Q2FY15 Domestic International Under execution Under execution Q2 Orders Q2 Orders: (as on 30-Sep-14) (as on 30-Sep-14) Total Nos. : 3 Total Nos.: 8 > 120 Assignments 15 Assignments (1 new client) (Govt. Utilities : 6; Private: 1; Projects worth: Dist. works: 1) ~ ₹15,100 cr.
Slide 25: Telecom Highlights - Q2FY15
Telecom Highlights – Q2FY15 MPLS-VPN Major Orders • 4 Orders received in Q2FY15 • Total 7 orders since commercial launch in Apr’14 New Clients added: 14 Nos. • Company seeing a demand from CPSUs for • Govt.: 8 Nos. its MPLS services • Pvt.: 6 Nos. • In-house demand for NTAMC and IT/ ERP applications
Slide 26: New Initiatives - Updates
New Initiatives - Updates • Order received from SAIL for • Offshore Wind Energy Energy Audit of 2 Plants Company being set up by • Audit completed at 1 Plant MNRE • Submitted bids for • POWERGRID to join • Energy Audit of three more Steel Plants • Evacuation/ integration of wind power with • Distrib
Slide 27: Investment & Funding Programme
Investment & Funding Programme Capital Outlay Funding Requirement (Rs.110,000 crore) • Debt & Equity in the ratio • FY13: Rs.20,037 cr 70:30 as per Tariff • FY14: Rs.22,324 cr guidelines • FY15: Rs.22,450 cr • FY16: Rs.22,500 cr • FY17: Rs.22,550 cr Projects/ Schemes Sources of Funds • HCPTCs • Equi
Slide 28: Utilization of FPO funds - Update
Utilization of FPO funds- Update TS associated with Rihand-III & V’chal-IV TS for Phase-I Generation Projects in Odisha (Part-C) FPO funds SRSS – XIX TS strengthening in western part of WR for IPPs in Chhattisgarh TS associated with Krishnapatnam (Part-B) Funds raised: Common System asso
Slide 29: Make in India & Swachh Bharat
Make in India & Swachh Bharat SVC & STATCOM • At least one SVC/STATCOM to be Packages sourced from India 765kV Class • Foreign bidders to supply at least one Transformer/Reactor Transformer/Reactor from India • 400kV: Indian subsidiaries of MNCs may also supply from GIS Equipment their Indian Factor
Slide 30: One Nation One Grid
ONE Nation Grid 30 Frequency
Power Grid Corporation of India — Q2 FY2015 Earnings Presentation on 6ix