Cesc Ltd · NSE:CESC
Cesc — Q2 FY25 Earnings Presentation
18 slides from Cesc's earnings presentation, September 2024
Slide 1: Investor Update – Q2 FY25
aA =~ iS tLIMtitTeoO Investor Update — Q2 FY25
Slide 2: RPSG group: Building a diversified conglomerate
RPSG group: Building a diversified conglomerate Power Group turnover of ₹ 36,509 Cr. IT-Enabled Services (~ US$4.4 Bn) Chemicals EBITDA of Asset base of Media & Entertainment ₹ 7,122 Cr. > ₹ 60,590 Cr. (~US$855 Mn) (US$7.3 Bn) FMCG Over 1.1 Million Shareholders Consumer & Retail ▪ One of India’s New
Slide 3: CESC: Powering millions of Indian homes and businesses
CESC: Powering millions of Indian homes and businesses India’s first fully integrated electrical utility company (since 1899) with business interest in generation & distribution of power & Headquartered in Kolkata. NPCL Grater Generation Distribution Renewables Noida CESC Rajasthan, Bikaner CESC Raj
Slide 4: Growing Power Demand in India
Growing Power Demand in India 1 2 3664 A low per-capita usage of 1395 Kwh Strong economic growth, with a (vs. global 3664 Kwh) 1395 GDP forecast of +7% in medium provides further term. impetus. India World 8 3 AC Sales (Mn.) Commercial & Industrial Rising urbanization, 147 sector accounting for 50%
Slide 5: Consolidated and Standalone Performance – Q2 FY25 & H1FY25
Consolidated Performance – Q2 FY25 & H1FY25 Q2 FY25 Q2 FY24 % Change H1FY25 H1FY24 % Change Gross Revenue (Rs Cr.) 4,770 4,414 8.1% 9,688 8,783 10.3% EBITDA (Rs Cr.) 1,085 1,069 1.5% 2,200 2,116 4.0% PAT (Rs Cr.) 373 363 2.8% 761 731 4.1% Standalone Performance – Q2 FY25 & H1FY25 Q2 FY25 Q2 FY24 % C
Slide 6: Key Subsidiaries Financial Performance
Key Subsidiaries Financial Performance Q2 FY25 Q2 FY24 H1 FY25 H1 FY24 Revenue EBITDA PAT Revenue EBITDA PAT Revenue EBITDA PAT Revenue EBITDA PAT CESC Ltd (Consolidated) 4,770 1,085 373 4,414 1,069 363 9,688 2,200 761 8,783 2,116 731 CESC Standalone 2,684 663 218 2,495 659 230 5,565 1,319 410 5,041
Slide 7: Key Developments – Q2 FY25 & H1FY25
Key Developments – Q2 FY25 & H1FY25 ❑ Consolidated Revenue increased by 10.3% to Rs. 9,688 crs in H1FY25, while consolidated PAT increased to Rs. 761 crs in H1FY25 as against Rs. 731 crs in H1FY24 ❑ CESC continued to report a strong growth in power demand across the circles during the quarter. Kolka
Slide 8: Renewable Business - Project Update (1/2)
Renewable Business - Project Update (1/2) • Planned Renewable Capacity of 3.2 GW by FY29 in Phase-1 and overall capacity of 10 GW in Phase-2 Target to fully commission 3200 MW by Mar -2029 under Purvah Green Power Private Limited ("Purvah") • Strong and experienced Renewable Energy team on boarded i
Slide 9: Renewable Business - Project Update (2/2)
Renewable Business - Project Update (2/2) Key Updates on Wind Projects • Framework agreement with Inox Wind Ltd for a 1.5 GW of wind turbines to be commissioned over 2-4 years • Agreement with Suzlon Energy for Wind turbine Supply, EPC and O&M to be commissioned over next 2-4 years • Agreement with
Slide 10: Performance of Generation Assets
Performance of Generation Assets Budge Budge- BBGS Crescent Haldia (TPP) Chandrapur (TPP) Southern- SGS (TPP) (TPP) (TPP) Installed Capacity 2*300 2*67.5 3* 250 2*300 40 MW (MW) CESC, Kolkata • 100 MW - TANGEDCO PPA Tied CESC, Kolkata • 187 MW - NPCL CESC, Kolkata Short Term Supply - Competitive (em
Slide 11: Generation Business – Operational Performance
Generation Business – Operational Performance Q2 FY25 Q2 FY24 H1 FY25 H1 FY24 Capacity (MW) Sent Out Sent Out Sent Out Sent Out PLF PLF PLF PLF Units Units Units Units % % % % (MU) (MU) (MU) (MU) Budge Budge Generating Station 750 1,360 89% 1,415 93% 2,723 90% 2,830 93% Southern Generating Station 1
Slide 12: Performance of Distribution Business
Performance of Distribution Business CESC Kolkata Noida Rajasthan Malegaon Distribution Contract Licensee Licensee Input Based Franchisee Input Based Franchisee 567 335 381 57 Area (sq. km) 36 lakhs (FY24) 1.62 lakhs (FY24) 5.2 lakhs (FY24) 1.3 lakhs (FY24) Consumer Base 5 lakhs (FY23) 1.3 lakhs (FY
Slide 13: Distribution Business– Operational Performance
Distribution Business– Operational Performance Q2 FY25 Q2 FY24 H1 FY25 H1 FY24 Sales T&D Revenue Sales T&D Revenue Sales T&D Revenue T&D Revenue Sales (MU) (MU) Loss % (Rs Cr.) (MU) Loss % (Rs Cr.) (MU) Loss % (Rs Cr.) Loss % (Rs Cr.) CESC Kolkata 3,264* N/A 2,684 3,161* N/A 2,495 6,815* 7.30% 5,565
Slide 14: Annual Financial Performance
Annual Financial Performance Consolidated Financials Revenue (Rs. Cr.) EBITDA (Rs. Cr.) PAT (Rs. Cr.) FY24 15,544 FY24 4,134 FY24 1,447 FY23 14,555 FY23 3,734 FY23 1,397 FY22 12,820 FY22 3,930 FY22 1,405 FY21 11,874 FY21 3,832 FY21 1,363 FY20 12,378 FY20 3,993 FY20 1,306 EPS (INR.) Dividend Per Shar
Slide 15: Standalone Financial Performance
Standalone Financial Performance In Rs Cr. Q2 FY 2025 Q1 FY 2025 Q2 FY 2024 H1 FY 2025 H1 FY2024 Revenue from Operations 2,639 2,860 2,448 5,499 4,973 Other Income 45 21 47 66 68 Regulatory Income (net) 109 561 289 670 499 Total Revenue 2,793 3,442 2,784 6,235 5,540 Cost of Electricity Purchased 1,1
Slide 16: Consolidated Financial Performance
Consolidated Financial Performance In Rs Cr. Q2 FY 2025 Q1 FY 2025 Q2 FY 2024 H1 FY 2025 H1 FY2024 Revenue from Operations 4,700 4,863 4,352 9,563 8,661 Other Income 70 55 62 125 121 Regulatory Income (net) 119 689 361 808 625 Total Revenue 4,889 5,607 4,775 10,496 9,408 Cost of Electricity Purchase
Slide 17: Consolidated Balance Sheet
Consolidated Balance Sheet In Rs Cr. As on Sept’24 As on Mar’24 Assets Fixed Assets (includes Capital WIP) 21,952 22,242 Investments (Current & Non-Current) 170 57 Investment Property 63 63 Other Financial Assets (Current & Non-Current) 1,012 608 Other Non-Current Assets 783 396 Cash and Cash Equiva
Slide 18: Cautionary Statement Thank You
Cautionary Statement Statement in this “ Investor Update” describing the Company’s objectives, projections, estimates, expectations or predictions may be “ forward looking statements” within the meaning of applicable securities law and regulations. Actual results could differ materially from those e