Jsw Energy Limited · NSE:JSWENERGY
Jsw Energy — Q3 FY2014 Earnings Presentation
21 slides from Jsw Energy's earnings presentation, January 2014
Slide 1: Q3 FY 2014 Results
» «ta Energy Lighting up a billion dreams Resilient & Ready Q3 FY 2014 Results
Slide 2: Contents
Contents Sector Update Performance Highlights Financial Results Projects Update JSW Energy Limited 2
Slide 3: Sector Update
Sector Update JSW Energy Limited
Slide 4: Global Economy
Global Economy Global economy witnessed signs of 11% GDP Growth % improvement during the second half of 2013, driven by recovery in developed 9% economies. 7% 5% The USA is expected to grow at a faster 3% pace of 2.8% in 2014 compared to 1.9% in 2013, whereas Euro area is expected to 1% come out
Slide 5: Indian Economy
Indian Economy There has been no improvement in IIP, 9% 8.0% rather last two months show contraction. 7% 7.0% However, Electricity has been growing in 5% 6.0% all the months this fiscal, except June. 3% 5.0% Rupee has been steady during the quarter 4.0% 1% alongwith improvement in CAD position,
Slide 6: Capacity Profile and PLF's
Capacity Profile and PLF’s Sector-wise Installed Capacity as on 31st Dec, Mode-wise Installed Capacity as on 31st Dec, 2013 (MW) 2013 (MW) R.E.S Private Sector 29,463 74,580 12.7% 32% Hydro 39,893 17.2% Nuclear State Sector 4,780 Central Sector Thermal 90,587 2.1% 66,998 158,029 29% 39% 68.1% Source
Slide 7: Demand Supply Scenario
Demand Supply Scenario Power Demand Supply Position Q3FY’14 (BU) Peak Demand and Peak Met 9MFY’14 (GW) 3.6% 4.2% 324 313 136 130 6.2% 6.9% 2.5% 0.9% 4.4% 12.5% 100 94 97 96 46 43 41 2.6% 88 84 1.8% 40 39 34 39 38 18 18 NR WR SR ER &NE All India NR WR SR ER &NE All India Requirement (BU) Availability
Slide 8: API Coal Index vis-à-vis US$:₹ - Indexed
API Coal Index vis-à-vis US$:` - Indexed 150 API 4 Coal Index USD:Re 140 130 120 110 100 90 80 70 60 API4 Coal Index and US$:` parity are monthly averages 50 Dec-13 Dec-11 Dec-12 Apr-11 Apr-12 Apr-13 Aug-12 Aug-13 Aug-11 Oct-11 Oct-12 Oct-13 Jun-11 Feb-12 Feb-13 Jun-13 Jun-12 Month API 4 Coal Index
Slide 9: Performance Highlights
Performance Highlights JSW Energy Limited
Slide 10: Operational Performance
Operational Performance Quarterly Plant-wise Net Generation (MU) - YoY 9M Plant-wise Net Generation (MU) - YoY 14,094MU 13,483MU 4,770MU 4,034MU Ratnagiri 6,524 Ratnagiri 2,132 Vijayanagar Ratnagiri Vijayanagar Vijayanagar Vijayanagar 5,373 Ratnagiri 5,285 1,789 1,740 4,859 1,622 Barmer Barmer 3,251
Slide 11: Sale of Power
Sale of Power Sales Mix (MU) 13,848 12,810 6,533MU 47% 52% 6,720MU 47% 4,880 4,056 2,264MU* 46% 7,315MU 53% 43% 1,748MU 48% 6,090MU 54% 57% 2,308MU 2,616MU Q3 FY2013 Q3 FY2014 9M FY2013 9M FY2014 Long Term Sales Short Term Sales * Including power conversion of 221MU Realisation `/ kwh Q3 FY 2013 Q3
Slide 12: Financial Results
Financial Results JSW Energy Limited
Slide 13: Consolidated Results
Consolidated Results Q3FY2013 Q3FY2014 9M FY2013 9M FY2014 2,395 2,198 Turnover (` Crores) 6,785 6,795 867 847 EBITDA (` Crores) 2,149 2,708 36% 39% EBITDA (%) 32% 40% 236 337 Interest (` Crores) 707 904 157 206 Depreciation (` Crores) 487 610 412 286 PBT (` Crores) 754 820 311 203 PAT (` Crores) 56
Slide 14: Consolidated Financial Highlights
Consolidated Financial Highlights 31st Dec 2012 31st Dec 2013 Net Worth (` Crores) 6,269 6,792 Debt (` Crores) 10,158 10,134 Net Fixed Assets (` Crores) 15,437 14,908 @ Debt Equity Ratio (times) 1.62 1.49 Weighted Average Cost of 11.15% 11.14% Debt @Including CWIP and Capital Advances JSW Energy Lim
Slide 15: Consolidated Financial Highlights (contd…)
Consolidated Financial Highlights (contd…) Particulars Q3FY’14 % inc/ Remarks (` crores) (dec) Revenue from Operations - Sale of Power 1,972 -2% • Decrease in Sales due to lower demand, - Transmission 26 -6% though realization was higher - Power Traded 118 -55% • Transmission Revenue as per ARR • Lo
Slide 16: Consolidated Financial Trends
Consolidated Financial Trends 5,500 Net Generation (MU) (LHS) 1,200 EBITDA (Rs crs) (LHS) PAT (Rs crs) (LHS) 60% 2,500 5,000 Total Income (Rs crs) (RHS) EBITDA % (RHS) 1,000 4,500 50% 2,000 4,000 800 3,500 40% 1,500 3,000 600 2,500 30% 2,000 1,000 400 1,500 20% 1,000 500 200 500 10% 0 0 0 (200) 0% 1
Slide 17: Projects Update
Projects Update JSW Energy Limited
Slide 18: Kutehr Hydro Project
Kutehr Hydro Project Project Details Status Update • Techno Economic Clearance from CEA received Gross Capacity 240 MW (3 x 80) • MOEF accorded Forest stage I clearance & Environment clearance • Pre-qualification of vendors for electro Technology Run-of-the-river Hydropower mechanical & hydro mechan
Slide 19: Domestic Mining Projects
Domestic Mining Projects Status Update • Mining lease transferred in the name of BLMCL BLMCL- Kapurdi Mine • Approval received from MoEF for one time 25% enhancement to 3.75MTPA • Expert committee has cleared capacity expansion to 7MTPA • CCI has cleared mining capacity expansion to 7MTPA on 15/1/20
Slide 20: Forward looking and cautionary statement
Forward looking and cautionary statement Certain statements in this report concerning our future growth prospects are forward looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The
Slide 21: Thank you
Thank you JSW Energy Limited 21