Torrent Power Limited · NSE:TORNTPOWER
Torrent Power — Q3 FY2021-22 Earnings Presentation
29 slides from Torrent Power's earnings presentation, Feb 3, 2022
Slide 1: Cover letter to stock exchanges
m -torrent- February 03, 2022 w POWER To, To, Corporate Relationship Department Listing Department, BSE Ltd . National Stock Exchange of India Ltd 14th Floor, P. J. Towers, "Exchange Plaza", C - 1, Block G Dalal Street, Fort, Bandra- Kurla Complex, Bandra (East), Mumbai-400 001 Mumbai 400 051 · SCRI
Slide 2: Torrent Power Limited Investor Presentation Q3 FY 2021-22
Torrent Power Limited Investor Presentation Q3 FY 2021-22
Slide 3: Disclaimer
DISCLAIMER This information may contain certain forward-looking statements/details in the current scenario, which is extremely dynamic and increasingly fraught with risks and uncertainties. Actual results, performances, achievements or sequence of events may be materially different from the views ex
Slide 4: Presentation Outline
PRESENTATION OUTLINE TORRENT GROUP TORRENT POWER LIMITED OVERVIEW OF OPERATIONS Q3 FY 2021-22 ESG PRACTICES INVESTMENT RATIONALE FIVE YEAR TREND: KEY FINANCIAL & TECHNICAL STATISTICS
Slide 5: Torrent Group
TORRENT GROUP TORRENT PHARMACEUTICALS LIMITED • A generics pharmaceutical major with strong global footprint • Ranked in top 10 in Indian pharma market with leading position in niche therapeutic areas • Ranked No. 1 among Indian Pharma companies in Brazil, Germany & Philippines TORRENT POWER LIMITED
Slide 6: Torrent Group
TORRENT GROUP Turnover $ 2.75 Bn Market Cap $ 11.05 Bn Enterprise Value $ 12.33 Bn Employees 22,000+ Spreading smiles Illuminating Lives Not just healthcare… Lifecare Generating Trust. Distributing Opportunities. Turnover: $ 1.09 Bn Turnover: $ 1.66 Bn Building pan-India state-of-art Enterprise Valu
Slide 7: Torrent Power Limited
TORRENT POWER LIMITED Spreading smiles Illuminating Lives Thermal Solar Wind Transmission Distribution - 2,730 MW - 138 MW oper- - 649 MW oper- - 355 kms 400 kV - Licensed state-of-art gas ational - 138 MWcapacity of ational - 430 capacity MW of & 128 Kms of - distribution: Licensed operational dist
Slide 8: Geographical Footprint
TORRENT POWER LIMITED GEOGRAPHICAL FOOTPRINT
Slide 9: Portfolio of Assets: Thermal Generation
TORRENT POWER LIMITED PORTFOLIO OF ASSETS : THERMAL GENERATION Particulars Sugen Unosugen Dgen Amgen Capacity 1147.5 382.5 1200 362 (MW) (3 x 382.5) (1 x 382.5) (3 x 400) (1 x 120, 2 x 121) Plant Type Gas-based CCPP Gas-based CCPP Gas-based CCPP Coal Based Location Near Surat, Gujarat Near Surat, Gu
Slide 10: Portfolio of Assets: Renewable Generation
TORRENT POWER LIMITED PORTFOLIO OF ASSETS : RENEWABLE GENERATION Particulars Solar (FiT) Wind (FiT) Wind (TBCB) Capacity (MW) 138 472.5 176 Location Gujarat Gujarat & Karnataka Gujarat & Maharashtra COD FY 15 to FY16 FY 12 to FY 19 FY 20 Avg Tariff (₹/kWh) 7.96 4.07 3.04 352.5 MW with Company’s With
Slide 11: Portfolio of Assets: Licensed Distribution
TORRENT POWER LIMITED PORTFOLIO OF ASSETS : LICENSED DISTRIBUTION Ahmedabad/ Particulars Surat Dahej Dholera SIR Gandhinagar Licensed Area ~ 356 sq. km. ~ 52 sq. km. ~ 17 sq. km. ~ 920 sq. km. Peak Demand(FY21) 1,578 MW 623 MW 78 MW - License validity Till 2025 Till 2028 Till 2034 Till 2044 Accolade
Slide 12: Portfolio of Assets: Franchised Distribution
TORRENT POWER LIMITED PORTFOLIO OF ASSETS : FRANCHISED DISTRIBUTION Particulars Bhiwandi Agra Shil, Mumbra, Kalwa (SMK) Licensed Area ~ 721 sq. km. ~ 221 sq. km. ~65 sq. Km. Peak Demand 574 MVA 449 MVA 126 MVA (FY21) License validity 25th Jan 2027 31st March 2030 29th Feb 2040 Accolades / Country'
Slide 13: Overview of Operations – Q3 FY 2021-22
OVERVIEW OF OPERATIONS – Q3 FY 2021-22 Consolidated Financial Statement Q3 21-22 Q3 20-21 Growth YTD 21-22 YTD 20-21 Growth FY 20-21 (₹ in Cr.) Unaudited Unaudited % Unaudited Unaudited % Audited Revenue from Operations 3,767 2,953 28% 10,514 9,089 16% 12,173 Power Purchase Cost 2,211 1,746 6,279 5,
Slide 14: Overview of Operations – Q3 FY 2021-22
OVERVIEW OF OPERATIONS – Q3 FY 2021-22 The major reasons for improvement in the TCI for the quarter on y-o-y basis are: Gain from trading of LNG; Increase in contribution from merchant power sales offset by lower contribution from long term PPA in gas-based power plants; Increase in contributi
Slide 15: Q3 Thermal PLF / Net Generation
OVERVIEW OF OPERATIONS – Q3 FY 2021-22 Q3 Thermal PLF (%)/ Net Generation (MUs) 75.9% 62.4% 56.0% 50.5% 554 MUs 34.4% 30.7% 32.3% 1380 513 MUs MUs 364 23.2% 20.9% MUs 16.2% 2257 757 1893 MUs MUs MUs 172 1504 MUs 950 MUs MUs 0.0% 0.8% 21 MUs SUGEN UNOSUGEN DGEN GAS PLANTS AMGEN THERMAL 1147.5 MW 382.
Slide 16: Q3 Renewable PLF / MUs Dispatched
OVERVIEW OF OPERATIONS – Q3 FY 2021-22 Q3 Renewable PLF (%)/ MUs Dispatched 21.2% 20.4% 17.1% 16.6% 273 264 265 52 51 MUs MUs MUs MUs MUs WIND SOLAR 649 MW 138 MW Q3 2020-21 Q3 2021-22
Slide 17: Q3 USO/Purchase and T&D Loss
OVERVIEW OF OPERATIONS – Q3 FY 2021-22 Q3 USO/Purchase (MUs) 1,759 1,818 803 837 930 918 390 408 132 171 172 182 A'bad Surat Dahej Bhiwandi Agra SMK Q3 2020-21 Q3 2021-22 T&D Loss (%) T&D Loss (%) 45.13% 40.92% 5.84% 4.09% 19.05% 3.36% 3.28% 12.27% 13.17%11.49% 0.55% 0.45% A'bad Surat Dahej Bhiwandi
Slide 18: Environmental, Health & Safety Practices
ENVIRONMENTAL, HEALTH & SAFETY PRACTICES Company recognizes the value of the environment to the community and future generations and is committed to manage its businesses as a responsible Corporate Citizen. • 100% utilization of Fly Ash • Use of recycled papers for energy bills & • DAHEJ Distributio
Slide 19: Environmental, Health & Safety Practices
ENVIRONMENTAL, HEALTH & SAFETY PRACTICES Existing gas based plants well below baseline GHG Emissions. GAS PLANTS - GHG Emissions (tCO2/MWh) Baseline (CEA) TPL 0.45 0.36 0.36 0.36 0.36 FY18 FY19 FY20 FY21 Air emissions of gas-based generation Water consumption of thermal plants generation plants belo
Slide 20: Environmental, Health & Safety Practices
ENVIRONMENTAL, HEALTH & SAFETY PRACTICES Net Carbon emission (million MT) 3.50 3.16 3.22 3.00 2.50 2.32 2.23 2.00 1.72 1.72 1.51 1.50 1.25 1.44 1.51 1.00 0.98 0.50 0.81 0.00 FY18 FY19 FY20 FY21 Emission - Gas Savings - Renewable Net Emissions WAY FORWARD Incremental capacities to come from renewable
Slide 21: Social Practices: Thrust Areas for CSR Activities
SOCIAL PRACTICES: THRUST AREAS FOR CSR ACTIVITIES Healthcare Sanitation Education & Social Care & Concern & Hygiene Knowledge • REaCh (₹ 33 crs) - Pediatric Healthcare • SHIKSHA SETU (₹ 0.37 cr) : Education • Development & Maintenance of Public programme (since 2016) is divided into programme in rur
Slide 22: Social Practices: Company Employees
SOCIAL PRACTICES: COMPANY EMPLOYEES Company belief: Each milestone achieved is an outcome of efforts, dedication & conviction demonstrated by its employees 7,800+ Permanent / 670 Women Company Policies to promote Human Rights: Employees & 25 8,900+ contractual • Policy on Protection of Women against
Slide 23: Governance Practices
GOVERNANCE PRACTICES Companies Corporate Governance philosophy revolves around three core principles of TRANSPARENCY, INTEGRITY and ACCOUNTABILITY in organising/managing aspects of its activities >75% NED’s on board COMMITTEES IN PLACE (CHAIRED BY ID’S): • Audit Committee (100% ID’s) • Stakeholders’
Slide 24: Investment Rationale
INVESTMENT RATIONALE • State of the art gas • Huge growth • Need for a robust • Opportunities for based plants potential in grid to support private sector renewables; returns increase in considering the • Direct import of LNG above COE for renewables capacity endemic at efficient cost selected proje
Slide 25: Investment Rationale
INVESTMENT RATIONALE Excellent Regulated operational Promising businesses records growth ensuring opportunities stable returns Unmatched Strong project distribution management model skills World class Rational generation Value allocation of assets Creation capital
Slide 26: 5 Year Trend - Financial Statistics
5 YEAR TREND - FINANCIAL STATISTICS Revenues from Operations (₹ Crore) EBIDTA (₹ Crore)/EBIDTA Margin (%) 13151 13641 12173 3734 3607 11512 3381 3389 10000 2651 30% 29% 27% 26% 27% 2016-17 2017-18 2018-19 2019-20 2020-21 2016-17 2017-18 2018-19 2019-20 2020-21 TCI* (₹ Crore) Net Worth (₹ Crore) 1056
Slide 27: 5 Year Trend - Financial Statistics
5 YEAR TREND - FINANCIAL STATISTICS Net Debt / EBITDA Net Debt Equity Ratio 0.92 0.89 2.99 0.80 0.80 2.49 2.61 0.64 2.18 1.98 2016-17 2017-18 2018-19 2019-20 2020-21 2016-17 2017-18 2018-19 2019-20 2020-21 Return on Capital Employed Return on Networth 9.62% 10.01% 12.62% 9.32% 12.42% 8.23% 11.05% 9.
Slide 28: 5 Year Trend - PLF and T&D Loss
5 YEAR TREND - FINANCIAL STATISTICS THERMAL PLF (%) T&D loss (%) Licensed Distribution 87.8% 6.81% 6.31% 6.03% 74.6% 71.4% 72.9% 5.61% 59.9% 4.98% 60.1% 47.5% 65.3% 3.92% 4.06% 62.3% 59.9% 57.8% 3.59% 3.43% 3.43% 44.3% 27.3% 33.3% 40.7% 38.4% 33.4% 0.0% 0.0% 0.0% 6.5% 9.8% 0.53% 0.40% 0.49% 0.35% 0.
Slide 29: Thank You
THANK YOU Contact details: Rishi Shah Torrent Power Limited “Samanvay”, 600 Tapovan, Ambawadi, Ahmedabad 380015 Ph. No. (079) 26628473 Email: IR@torrentpower.com