Torrent Power Limited · NSE:TORNTPOWER
Torrent Power — Q3 FY2024-25 Earnings Presentation
28 slides from Torrent Power's earnings presentation, Feb 4, 2025
Slide 1: Investor Presentation filing letter to stock exchanges
'torrent POWER February 04, 2025 To, To, Corporate Relationship Department Listing Department BSE Limited, National Stock Exchange of India Limited th 14 Floor, P. J. Towers, “Exchange Plaza”, C – 1, Block G Dalal Street, Fort, Bandra- Kurla Complex, Bandra (East), Mumbai-400001 Mumbai-400051 SCRIP
Slide 2: Investor Presentation Q3 FY 2024-25
'5 El-torrent - POWER s %.* ► • Investor Presentation Q3 FY 2024-25
Slide 3: Disclaimer
Disclaimer ED - torrent POWER THIS PRESENTATION IS NOT AN OFFER TO SELL ANY SECURITIES OR A SOLICITATION TO BUY ANY SECURITIES OF TORRENT POWER LIMITED (THE “COMPANY or TPL”) OR ITS SUBSIDIARIES, ASSOCIATE, JOINT VENTURES TOGETHER WITH THE COMPANY, THE “GROUP” The material that follows is a presenta
Slide 4: Presentation Outline
Presentation Outline ED - torrent POWER 01 Torrent Group Overview 02 Company Overview 03 Performance Overview 04 Key Highlights 3
Slide 5: Torrent Group Overview
it P #1 Torrent Group Overview • / If ea-torren POWER
Slide 6: Torrent Group
Torrent Group Ea-torren P OLLIE R rr Torrent Pharmaceuticals Limited ◼ Generics pharmaceutical with global footprint NM 0 1h "ti IJ Torrent Power Limited ◼ One of the leading private sector Integrated Power Utility with presence Torrent Gas Limited 1 ◼ Incorporated in FY19, City Gas Distribution (CG
Slide 7: Torrent Group key figures
Torrent Group …2 e lorrent POWER ₹ 37,911 Cr ₹ 1,96,533 Cr - torrent- ₹ 1,88,601 Cr 23,000+ GROUP Turnover Enterprise Value Spreading smiles Illuminating Lives Market Cap Employees -torrent- ea - torrent POWER - torrent PHRRMR ■ II GAS Generating Trust. Distributing Opportunities. Not just healthcar
Slide 8: Company Overview
Wow IM- #2 Company Overview it ea-torren POWER 7
Slide 9: One of the Leading Private Sector Integrated Power Utility
e lorrent One of the Leading Private Sector Integrated Power Utility POWER Promoter Public 51.09% 48.91% Torrent Power Limited (Market Cap: c. ₹ 74,885 Cr1) • H 7' H2 4:)-V 's? _,..... 74 • i...4 H in Green hydrogen / Thermal Generation Renewable Generation Distribution PSP Transmission Green Ammoni
Slide 10: Pan India Footprint with Presence in Key States
Pan India Footprint with Presence in Key States ED - torrent POWER GUJARAT I RAJASTHAN Wind Solar tt) Gas Coal Transmission Wind (615 MW) Wind (24 MW) • Distribution Licensee Distribution Franchisee Solar (583 MWp) AMGEN (362 MW) UTTAR PRADESH Operational Capacity (MWp) Agra SUGEN & UNOSUGEN (1530 M
Slide 11: Operational Capacity to Grow from 4.7 GW to 7.7 GW
Operational Capacity is estimated to Grow from 4.7 GW to 7.7 GW BackedED - torrent POWER by Robust Renewable Capacity Addition Installed Capacity Installed Capacity (including Pipeline) Solar 741 16% Solar, Gas 2,287 , a RE PIPELINE 2,730 (30%) Wind Solar (35%) (48%) (52%) 7,719MWp Wind 4,754MWp 921
Slide 12: Snapshot of Operating Thermal Assets
#1: Snapshot of Operating Thermal Assets • • • - torrent POWER Sugen Unosugen Capacity Capacity Plant Type Location COD Fuel Plant Type Location COD Fuel (MW) (MW) 1,147.5 Gas-based Surat, August Domestic 382.5 Gas-based Surat, April Domestic CCPP Gujarat 2009 Gas & CCPP Gujarat 2013 Gas & R-LNG (3
Slide 13: Snapshot of Licensed Distribution Assets
#2: Snapshot of Licensed Distribution Assets Ea-torren PO LLI E R Ahmedabad / Gandhinagar Surat Customer Base (FY24) Peak Demand (FY24) Licensed Area Customer Base (FY24) Peak Demand (FY24) Licensed Area •••••....................... -----......----- ......................................"........- ~
Slide 14: Snapshot of Franchisee Distribution Assets
#3: Snapshot of Franchisee Distribution Assets Ea-torrenPO LLI E R Bhiwandi Agra r Licensed Area Peak Demand (FY24) License validity Licensed Area Peak Demand (FY24) License validity ~ 721 609 25th Jan 2027 ~ 221 505 31st March sq. km. MVA [The license validity for the Bhiwandi area can be sq. km. M
Slide 15: Transmission - Current Operations and Future Projects
Ea-torren #4: Transmission - Current Operations and Future Projects PO LLI E R Existing Transmission Portfolio 400 kV Double-Circuit Transmission Lines: 355 km & 220 kV Double-Circuit Transmission Lines: 128 km Operations are conducted through Torrent Power Grid Limited (TPGL), a subsidiary wher
Slide 16: Target to Increase Renewable Portfolio to 4.6 GW
Ea-torren #5: Target to Increase Renewable Portfolio to 4.6 GW PO LLI E R Renewable Energy Projects in Pipeline Contracted Capacity Under Expected Tariff in Project Technology Capacity Installation Off-taker Project Cost Remarks Rs/Unit (MW) (MWp*) (Rs in Cr) MSEDCL I 4' 306 367 3.10 MSEDCL 1,342 SC
Slide 17: Performance Overview
4r I Ilk I #3 Performance Overview Oro 11117. erl -torren gK .1 • I* ea POWER 16
Slide 18: Overview of Operations – Q3 2024-25
Overview of Operations – Q3 2024-25 EB - torrent POWER Rs in Crore Q3 24-25 Q3 23-24 % Growth YTD 24-25 YTD 23-24 % Growth FY 23-24 Revenue from Operations 6,499 6,366 2% 22,709 20,655 10% 27,183 Power Purchase Cost 4,438 4,502 15,801 14,928 19,391 Material Cost & Change in Inventory 393 281 936 704
Slide 19: Overview of Operations – Q3 2024-25
Overview of Operations – Q3 2024-25 ED - torrent POWER Total Comprehensive Income (TCI) for Q3 FY 2024-25 stood at ₹ 490 crs as compared to ₹ 369 crs for Q3 FY 2023- 24. The major reasons for higher TCI of Rs. 121 crs for the quarter on y-o-y basis are: Increase in contribution from gas-based powe
Slide 20: Overview of Operations – Thermal Power
#1: Overview of Operations – Thermal Power ED - torrent POWER Thermal PLF % 79% 74% 26% 23% 17% 13% 17% 14% 16% 5% 4% 9% SUGEN UNOSUGEN DGEN GAS AMGEN THERMAL ■ Q3-24 ■ Q3-25 89% 84% 37% 41% 43% 36% 27% 30% 32% 20% 24% 6% SUGEN UNOSUGEN DGEN GAS AMGEN THERMAL ■ YTD-24 ■ YTD-25 19
Slide 21: Overview of Operations – Renewable Power
#2: Overview of Operations – Renewable Power ED - torrent POWER Renewable Power PLF % • Q3-24 • Q3-25 19.05% 17.3% 17.86% 15.25% WIND 921 MW/ 921 MW SOLAR 293 MWp / 741 MWp • YTD-24 • YTD-25 27.61% 25.89% 17.77% 15.62% WIND 921 MW/ 921 MW SOLAR 293 MWp / 741 MWp PLF on contracted capacity 20
Slide 22: Overview of Operations – Power Distribution
#3: Overview of Operations – Power Distribution Ea-torren PO LLI E R USO/Purchase (MUs) 2,698 • Q3 FY24 • Q3 FY25 2,536 2,012 1,951 953 946 994 984 454 502 199 212 208 211 Ahmedabad Surat DDDNH Dahej Bhiwandi Agra SMK T&D Loss – Licensed Distribution (%) T&D Loss – Franchised Distribution (%) • YTD
Slide 23: 5 Year Trend - Operational Statistics
#4: 5 YEAR TREND - OPERATIONAL STATISTICS ED - torrent POWER T&D loss (%) THERMAL PLF (%)* Licensed Distribution 88.2% 76.9% 91.0% 6.0% 72.9% 59.9% 5.0% 60.1% 4.2% 4.2% 57.8% 3.7% 59.9% 4.1% 44.3% 44.3% 39.7% 3.4% 3.4% 40.7% 41.1% 3.2% 36.6% 2.8% 38.4% 15.0% 32.8% 0.5% 0.5% 9.8% 30.6% 0.3% 16.1% 0.5
Slide 24: Significant Ramp Up in Operations Over Last 5 years
- torrent Significant Ramp Up in Operations Over Last 5 years POLLJER Revenues from Operations (₹ Crore) EBIDTA (₹ Crore) 25,694 27,183 5,141 4,903 3,734 3,607 3,826 13,641 14,257 12,173 I I I i I I 2019-20 2020-21 2021-22 2022-23 2023-24 2019-20 2020-21 2021-22 2022-23 2023-24 TCI* (₹ Crore) Net Wo
Slide 25: Comfortable Leverage Provides Headroom to Capitalise on Green Energy
Comfortable Leverage Provides Headroom to Capitalise ED - torrent POWER on Opportunities in Green Energy Space Net Debt / EBITDA Net Debt Equity Ratio 2.24 2.25 2.18 0.80 0.80 0.82 0.80 0.64 1.98 1.97 i i i i I I i 19-20 20-21 21-22 22-23 23-24 19-20 20-21 21-22 22-23 23-24 Return on Capital Employe
Slide 26: Key Highlights
#4 Key Highlights - rr 1 401wlorrent •) FICILUER25
Slide 27: Key Highlights
Key Highlights EB -p toorui reEnnt One of the leading Indian conglomerate with significant experience in multiple businesses such as Pharma, Power and CGD Quality equipment sourced from major OEMs for the projects #1 Competitive advantage through direct LNG imports compared Being a part of T
Slide 28: Thank You
ED - torrent POWER THANK YOU Contact details: Rishi Shah Torrent Power Limited “Samanvay”, 600 Tapovan, Ambawadi, Ahmedabad 380015 Ph. No. (079) 26628473 Email: IR@torrentpower.com 27