Ntpc Limited · NSE:NTPC
Ntpc — Investor Presentation (August 2011)
50 slides from Ntpc's investor presentation, Aug 1, 2011
Slide 1: 7th Analyst and Investors' Meet
NTPC Welcomes you to 7th Analyst and Investors’ Meet
Slide 2: Presentation outline
Presentation outline a XY NTPC Overview vrais NTPC AMaharatna Company a \ Performance Highlights 7 \ Opportunities - Y Challenges ( Y Sustainability initiatives
Slide 3: " # $ %& # " + , "- <A8 ! : ! 2032
" # $ %& # " + , "- <A8 ! : 07 ! 2032 6 . " < ! ! " / ! = ! @$ ., # / " & . 7 " " "5 0 ! 89: , ! " ) , " ." / * 0 .1 ;< #5= / > ? ( '2 "3 4 5 / " " * " ' " ! 47 5 " ! 9 47 4 # 8 " ! , ! 2 ! =C ! ))( ." ! 0 )) ." " !" D 0 . " E * " . " / + -> : 47 8 47 " < 47 " ! C ! / " 5 " 1 % "B " " ." B
Slide 4: NTPC plant locations and capacity
8' A . " F= G ." B H 53 , :2 ! ." 9 8H 4 7 : 2 9 89:'9 4 7 KOLDAM " 2 @ (800 MW) LOHARINAG PALA 8 (600 MW) RUPSIABAGAR KHASIABARA DADRI (260MW) (817 MW) LATA TAPOVAN '(53 FARIDABAD (430 MW) (162 MW) BTPS NCTPP TAPOVAN VISHNUGAD ( 2 (705 MW) (1,820 MW) (520 MW) TANDA IGSTPP (1,500 MW) UNCHAHAR (440 M
Slide 5: Among the largest shareholder base in India
" 1975 2004 2011 0 . 0 . :)&' 2 :9&' 2 0 . 2 4 <J.<J 4 <J.<J ." " . . <.. :&8 2 & 2 5 " ." " 9&: 2 8&9 2 & <.. &' 2 2 8&' 2 Among the largest shareholder base in India with over 550 institutional investors and over 8,00,000 retail investors as of June 30, 2011
Slide 6: Group NTPC Subsidiaries and Joint Ventures
Group NTPC 5 Subsidiaries and 18 Joint Ventures =C 0 C " 4 NTPC Hydro Ltd. NTPC Electric Supply NTPC BHEL Power International Coal NTPC Vidyut Vyapar (100%) Company Ltd. (100%) Projects Pvt. Ltd. (50%) Ventures Pvt. Ltd. Nigam Ltd. (100%) (14.28%) Kanti Bijlee Utpadan Utility Powertech Ltd. Nigam Lt
Slide 7: Performance Highlights
caddie NTPC Presentation outline Asn oper f Performance Highlights \ SJ rl >) S y, a >) V y, r >) |
Slide 8: D D ! ) &HH2
D D ( ! ,< ' 8 " ,< )'2 "( " ,< ) 2 " ! ) &HH2 ) &9 2 )D 0 " ! ) &H 2 ) &H92 )D ,< ::& )2 " 0 ( &((2 & . " ,< ('& :2 L J D " ! :)&)2 ;L J D M) & 92? " 0 ! :)&: 2 ;L J D M:'&)82? ,< :H&:'2 ;L J D M:)&' 2? ." ,< (H&H(2 :)&9 ) & ) & ) & ) & ) &' ) &: ) &9 ::&8 ) &( :H&) :)&) (H&: (:&H ((& ((&' ('& (H&(
Slide 9: Capacity (Group) and Generation
% ! CAPACITY (Group) GENERATION 47 $ % # :&:9 &'9 #### 89 )9 89:'9 ::&H( 8 ( 9 ## (9 9 #### 88& ) # 9) ))& H #### H()' ## H &'( '9&H 888 # &: #### 8 # # & = ' ( #=$= 3 = D = ! #### (INR Crore) '( ( : H)( #*###'## '9 ( ' :(9 ' ' 9H H) #*###'## 9 () ##### :) 8:: 8H )9H : (H9 #*###'## 8 '89 #*###'## ##
Slide 10: PAT and PBT
% && ! "# $ . # PAT PBT :( : ) 8 . # : (9 ' ' ' : H :H' ::H ': ( ': '' H :) ( ) 8H H: 8 HH ) 9 (H ' :9( 7 K 5$ 0 # :&982 1 ;. #? K 0# 4 / 9&H82 . # . # 4 / ;. # ? #### : &89 #'## ('&( 8&: 8&: #### H)&H #'## 8&' 8&H H8&: 8& #### ':&) #'## ( ::( '9&' &: H H ') ' &( #'## &9 9: )' #### #'## 8 ::: #### '
Slide 11: Y-O-Y Performance – NTPC Ltd
Y-O-Y Performance – NTPC Ltd % & '8H N 2 : : 8 " " ; 8 & H& ? N 2 '( ( N :2 # # # 9&8 2 Return on : :8) N 2 Capital '9 ( ' N92 Employed :(9 ' ) 8 9H H: ::' :( : H&) 2 0 5 Return on Net Worth BUs
Slide 12: Y-O-Y Performance – NTPC Group
Y-O-Y Performance – NTPC Group $$ % & " , " *# N82 ." N 2 = , " * # 1 N )2 # # # #*## O. <# N 2 NH2 * * @$ N 5 / * * 0 "D * # *# 0 " * 0 BUs 5 H& ( ;53 ? D
Slide 13: Y-o-Y Performance
Y-o-Y Performance & ' Crore =* ! D )D AD DA ; " "? ; " "? + + . '( 9 (&8# * ' + + + + , * '## * ' + + + - . / 0 * ' # * '# ) + + =* " 9' 8'(&( 8: 8H & ) :2 ! * ' * ' #+ + 10 2 0 ' * ' * ' + + 3 ' / * ' *# ' # + 4 / * ' * #'# ) + < '5 ' /. 6 * '# *# ' + = ! P $ *# ' # #* ' + 0 " K * 1 3 * '# * ' + .
Slide 14: Y-o-Y Performance
# < AD DA Crore . # D )D AD DA '# ' ; " "? ; " "? ' #' ' 3 * ' * #'# + / 8) 8'&)H 89 (H & ) 82 !9 # !9 # !9 # !9 # !9 7 /' * #' *# ' + 8 0 * ' * # '# ) + 1 # * ' ' ' 8 / * ' #* ' # + ' ' 4 !1 :1; ' ' + , ' ( (&8( :(8&(9 2 1< 2 .' * ' * ' !9 # !9 # !9 # !9 # !9 8 5 , * ' * ' #+ * ' H 98(&9 )2 1 =C !
Slide 15: Q-o-Q Performance
Q-o-Q Performance & ' Crore L J D L J D LD DL ;3 " "? ;3 " "? . ' H(&:) 8 ' H&8 2 '2 82 , (2 * ' *## ' + H2 82 (2 - . / 0 ' #'# + H2 H2 =* " 8 &(9 H8& 2 Expense Analysis ! * ' # ' + 10 2 0 ' #' ' + (:2 3 ' / ' ' + ()2 4 / ' ' ) + < '5 ' /. 6 ' ' #+ = ! # & $ * ' ' + 0 * & 3 ' ' # + 1 ('&(: :9 &:) 82
Slide 16: Q-o-Q Performance
Q-o-Q Performance ( Crore 1 D D 2 @ @ $ ('&(: :9 &:) &( 8 2 > & 3/ ' 9 " ( #' ' ? 0 ' ' 3 & ( ) ' . 6 ) ' 8 @ = /A & ( ) ' / 0 : 3 9 # ' 4 . 6 #' "E " 8 &9' :::&:9 &:9
Slide 17: Cash & Cash Equivalents
# " < " # #) ### ' ) 98 ## ) # )' H ### 8)8 ) H:: ## )# #### ### ### 9 8:9 ### :)8 ) ) ' ( ( ' 88) ### :9) # ) ### D : . < . . &;" &? < . < 0 K ;* ; =C 0 @$J ? ? Cash & Cash Equivalents : 1 D " as on 31.03.11 0 " ! 9&'2 as on 31.03.10 as on 31.03.09
Slide 18: D B . 8 Crs
D )* = ! 1.38 Rs. 2.30 3 Crs Crs H(2 = ! 3 Rs 0.29 Rs. 0.38 Crs Crs 8 2 $ "" " = ! Rs. 0.47 3 Rs. 0.80 ( 22 Crs Crs 7.99 9.27 10% 0 = ! MUs MUs 3 H2 10% 1 4 47 # 0.89 0.77 82 • @ . B . 8 . @ . 0= / ' 0 8 0 / 8 2. 0 8 6= 0 @ 6/ 0 '
Slide 19: Opportunities
caddie NTPC Presentation outline AMaharaina Company - > Opportunities (- > 19
Slide 20: Power consumption and demand growth
= % 6 , @ .C (1) Real GDP 3.8% 8.5% 7.5% 9.5% 9.6% 9.3% 6.8% 8.0% 8.6% Energy demand growth Robust Demand Growth closely linked to GDP growth Y-o-Y 1,392 4.5% 2.4% 5.7% 6.8% 9.3% 6.7% 5.4% 6.9% 3.8% Demand Demand to increase by c. 1.6 Growth Growth 862 737 777 831 times by FY17 632 691 546 559 591 E
Slide 21: 76% of existing capacity needs to be added by FY17
C . / 0= / 2 India has a Large Capacity Requirement … Capacity In GW 960 76% of existing capacity 778 needs to be added by FY17 to sustain 8% GDP growth 786 604 306 337 Average annual capacity 174 132 163 addition of 22GW required till FY17 Present 8% Growth 9% Growth 8% Growth 9% Growth Capacity FY
Slide 22: Capacity Addition by 2017
Capacity Addition by 2017 , 8 07 ! 8 128,000 47 66,542 HH '9 62,082 4,460 128,000 48,942 13,140 31,688 39,174 9,768 4,320 34,854 34,854 July'11 2011-12 Capacity Under Bulk Tendering Other capacity 2017 2032 Construction for Add. excl gas 12th Plan projects 4 3 D D 98 47 9 :: 47 " Project/Unit Capaci
Slide 23: Geographical diversification fuelling growth
0 G 0 , 5 ,.Q . Geographical diversification fuelling growth 5 " 5 " " @ ;@$ ? G" 5 1 5& . 5 15 "& 1 < ! # # ;O ?; 8 47? " ! ! " 5 15 8 & 8& & 5 15 "!& <# "& 5 # ! 0 & 5 1 # H 47 # " = & $$ " " ! " 5 , / ; ? * ' 47 " E ! = ! 5 "& @ $ ;@$ ? ; ? " 5 " . ;5 .? G" " "& . ;. ? " & 4 G C ."
Slide 24: Challenges
caddie NTPC Presentation outline Asn oper Challenges 24
Slide 25: " H&:: N " &H # C H9& 4 4
. < # /> " + $ <A D D ! " 8(&9: 44 ; " H&:: 44 N " &H # C H9& 4 4 44 ? 8H& 44 "" )D & ! L J D " 88&)( 44 ;1 8 &H < ., ; L ? 9&( 4 4 44 N " 8&8( 44 ? < ,, / & 44 E & 44 . ; 94 4 ? R 84 4 D, < ! " ., ! 5 ' 44 1 " ! ; , K = ,? < D " , / ;, ? " " =D ; ? K 7 # C"& ! / J , E & D4 J 4 ." , " "4 1 5 4 " (!
Slide 26: < /J , " &) " O0 1 H&
. < # />0 $ " + $ D 4J 4 0 )& 44 41 " )& : 4 4 41 " A& " &)' 4 4 41 ", 0 4 / " &) 4 4 41 < /J , " &) " O0 1 H& D ; "? , '&9H 4 4 41 : D:'2 ,< 3 " 4J 4 )& 44 4 1 O0 1 9&9H 4 4 4 1 0 ., #, 0 & 44 41 L J D 4J 4 0 :&H 4 4 41 " O0 D1 H 0 & )4 4 41 0 ., , D N #, 0 &8 4 4 41 D0 ! 0 ., ! 9&9: 4 4 4 1 D " 0
Slide 27: Benchmarking Operational Efficiency
Benchmarking Operational Efficiency Comparison with global peers ;9(' > ' ' 4 7 ? & . 3 S(H 3 S ( ## ) & ) & : :(&8H # = H & : # ! ; =# ?& # ;2 ? =# " # ' # &'9 H& H& ) (&:9 " " # 0 ! 1 ' "! % ! ;0 1 ? ! / & !( - 6 ! / - 6 ! / "" ' 4= =# " ): D - . : / " ;) D 47 ? & . S(( S8' ## ) &)) ) &H' 0 ! < ;
Slide 28: Challenge: Accelerated Capacity Addition
Challenge: Accelerated Capacity Addition Strategy: Multi pronged •5 / " •= "1 C / = " / • E 4 D 4 E • " / >, " " = " "& •, " C " &
Slide 29: Sustainability hinges on Health of SEBs
Sustainability hinges on Health of SEBs Certainty stemming from Regulatory Framework =* ! ! <* " & 07 ! "! "& ! !4 ; 4? M C " , B '2 ! & 4 ,J # & 98:H& 8 ! " B H # G" 2 ! ! B # & &H8JO D ; L J D # & &((JO ? / D / < E / ! E * E "& 29
Slide 30: Sustainability hinges on collection Efficiency
Sustainability hinges on collection Efficiency Challenges B * " ! '! D ! ! D! & . K " "" '! 89&882 ; 9D '? :&992 :D ) " #D 1 # " " !4 * " " " " K # 30
Slide 31: Human Capital Management
Human Capital Management Motivating large pool of human resource R ' ! 0 ;4 3 ? = ! )& )& ( ! ( " ! :&9: :&(' ! ! (&98 (&: (&)) (& H&': H& H& H 4 . ; 4 .? " '& H '&': ) 8 <AD & 4. "" " HH 47 'H " " " D & " , " 1 4 >4 7 # " ! " " & )D D =* R 2 D & &: &(( # / "H 5 = ! ." "! 5 = ! ! 31
Slide 32: Fund Mobilization
Fund Mobilization S ' E " 1 C ! ( M8 & . C ! " " 1 ! C ! " J@$ !D ! 1 < " +4 < "5 - " M , " ! 1 ! " ! " , " ; J " ? " E D " " J / E * " ! " " @$ " " E 1 < " D , # & " 5 / ." ! ; D ?& " " # & '' H99&8' " " , " ;8 & (& ? M# & H'& & 3 T' <* "# 3 " " / " " ! " > ,- "$ ' . /# $ ' $ 0* + "" ,- "$ ' / " "
Slide 33: Sustainability initiatives
caddie NTPC Presentation outline Asn oper Sustainability initiatives 33
Slide 34: Scale, Sustainable, Comparative Advantage
! Scale • • Sustainable • • Comparative • Advantage Resources Sustained Growth can be assured only if we have Long Term Competitive Advantage
Slide 35: NTPC: Fuel Mix by 2032
NTPC : Fuel Mix by 2032 • , " * ! 8 "B " " " " 8 @ ! R : 07 R8'0 7 ! # "# $ 0 !" # 5! 8 ! : 07 :2 ! D 35
Slide 36: Solar and Wind
# " " Solar Wind •0 . " " '4 7 • "4 3 0 & O " . " 47 " ! " E & •' 4 7 $ E " K . " > " " • 47 0 " "" " ! E ;O / ?D5 " " • '4 7 >5 " " •1 " E # ;1 # ? :' 47 " G J
Slide 37: Hydro and Nuclear
# " " Hydro Nuclear • 8 :4 7 !" ! " •@$ + / - " ' 2 / $ G& ., " 9)2 / & •O " : 47 • $ ' 47 " • & • !" : 4 7 " 8 ! • B " ! !" ," / , ( 47 K # 47
Slide 38: Sustaining its status of low cost power producer
" % && Sustaining its status of low cost power producer Rs./Kwh & < <* " ' ' ' ' ' ' ' ' ' ' ' ' ' #' #' #' #' #' #' # (D : :D ) )D D L J D " "
Slide 39: ' E "" ! " < " "" D / D ! "" C
' E 5 "" ! " < 5 " 5 "" D 4 / D ! "" C M B " "" 5 C 3 . " & &((J/ ;L J D ?
Slide 40: More than 30 million tons of CO2 avoided in NTPC
= . More than 30 million tons of CO2 has been avoided in NTPC D " " " ! & D B. D HH 4 7 " ! D. E D) 2 " " " " " D ! " ! / 4 ! DH L !4 ! ; L4 ? " D ! ! ' = ! " * ! D= ! " D R &) # 2.8 Million Tons CO2 avoided in 2010-11
Slide 41: Ash Utilization (Million Tons)
"1 ! , )&:: ! '(( " K / " " ! / D & & =* " < // "3 4 3 " # 1 K " " G ;#1 ? , / E * & # ! " ! +3 <! Ash Utilization (Million Tons) - ' ' '# " #' ' " G ''& 92 " D HD ( (D : :D ) )D D
Slide 42: Technology progression
Technology progression Increased efficiency and greater environmental protection 2 - " " - " " . " " Development of IGCC suitable for Indian coal High Voltage Direct Current Technology Use of advanced technologies in the Distributed Digital Control – MIS renovation and modernization of aging power D
Slide 43: Investing in R&D and technology
Investing in R&D and technology NETRA: 15 Patent Applications filed so far = ! !# = !. K # K " = ! 1 1 .D " ! * " "! " . ! ;7 .. 0 ? 47 ! " " " "! 4 O7 0 ! G ! ;7 .. O ? " / " 7 4 " ! ;7 .. 4 .. 1 " ==#.K 4 #. 5 ?& = 5 ;= ! 5 " " ? " . J 5, ( ' ", 65 & ' ' & & # 43 "
Slide 44: % , ' & - +4 ! " " " * &U # "
% , ' & - +4 ! " " " * &U # " !D " = ! !7 " / 0 •: " " . " ! ;. ? • " :.. K " : .. ! ! " " 1 & 3 ! ! < " • " " (' ! ! .. & •. ! " 4! " , / " E • . 4 " / " " • H ! ! " " 1 1 !# ;1 1 # ? " . " ! " "; . ? D "
Slide 45: =* ! , ' & - " < !" " =! # < "
=* ! , ' & - " < !" " =! # < " 8 G " =! 5 1 ! ;1 ? 5 0 " @ 4 3 " 0 & 3 / " ! & 7 B ! 0 1 3 / "& " 4 5 " 0 3 & < ' J ' 3" " & " 4 . < # &' "
Slide 46: Consistent Independent Recognition of NTPC's Excellence
+ " - " * Ability to attract and retain highly employees + < - " ." ! " 2011 7 " < D " Consistent Independent Recognition of NTPC’s Excellence Project Corporate Corporate Leading Power company Corporate Excellence management Finance Governance Environment management ICSI PLATTS TOP Dun & National 25
Slide 47: " " " " "D / & "" " , " * ! ;
1 " " " " "D / & "" " , " * ! ; " " E " ? "D / & , "B " !" ! " " ! "D / " " " " " * * "" / / " ! / " / " / E " ! E " / " ! " & . "" , "B / "D / " " ! " " / " &
Slide 48: Thank You
vrais NTPC AMaharatna Company Thank You www.ntpc.co.in 48
Slide 49: Some initiatives at NETRA
Some initiatives at NETRA 1 2 % + & % ' &()* ' + , + , ' " 3 ) - . / 0 / " + + - + 1 & % 2 3
Slide 50: Some initiatives at NETRA..
Some initiatives at NETRA.. 4 5 4 + Development of Multi-composition Ammonia + ' Liquor Absorption Engine (MALAE Cycle) for power generation from flue gases ' " 6 % 5 + 6 , 5 +5 #