Tata Power Company Limited · NSE:TATAPOWER

Tata Power — The Tata Power Company — Investor Presentation (November 2012)

25 slides from Tata Power's investor presentation, November 2012

  1. Slide 1: Tata Power investor presentation, November 2012

    Presentation Title (Company The Tata Power Arial, Font sizeLtd. 28 ) Date, Venue, etc November ..( Arial, Font size 18 ) 2012 …Message Box ( Arial, Font size 18 Bold)

  2. Slide 2: Disclaimer

    Disclaimer •Certain statements made in this presentation may not be based on historical information or facts and may be “forward looking statements”, including those relating to The Tata Power Company Limited’s general business plans and strategy, its future outlook and growth prospects, and future

  3. Slide 3: A Tata Group Company

    A Tata Group Company Promoter Revenue by business segments Listed Companies Mkt Cap ($ bn)2 Shareholding (%)1 Tata Consultancy Services 49.7 74.0 Tata Motors 16.8 34.8 3% 4% 4% 16% Tata Steel 7.7 31.4 Tata Power 4.8 31.8 Revenue Titan 4.5 53.1 FY 2011 35.2 32% c.INR 3,808bn Tata Global Beverages 1.8

  4. Slide 4: Tata Power: Business Overview

    Tata Power: Business Overview • Trombay • Hydro • Jojobera • Belgaum • Haldia • Wind Farm s Power Generation • Solar SPV Business • CGPL (Mundra UMPP) 100% • Maithon 74% • IEL 74% • Dagachhu 26% • OTP Geothermal 50% Transmission • Mumbai • Powerlinks 51% Distribution • Mumbai • Delhi: NDPL 51% Inves

  5. Slide 5: Our Power Business

    Our Power Business Power generation capacity (MW) Installed Thermal 6047 MW Hydro 447 MW Wind 377 MW Dugar Hydro Solar 28 MW Transmission Powerlinks Distribution NDPL DHPC Bhutan Under Execution Thermal 1600 MW Hydro 126 MW IEL Jojobera Solar 10 MW Gujarat Maithon Coal mines 13.5 MT Tubed Mundra Hal

  6. Slide 6: Existing Generation Assets and Growth Plans

    Existing Generation Assets and Growth Plans ~17000 MW 6899 MW ~8640 MW Unit 4 150 Unit 5 500 Projects in advanced Unit 6 500 stages of development Mulshi 10 Unit 7 180 Tata Motors Projects Unit 8 250 Thermal 7450 Rooftop 0.5 under Bhivpuri 75 Renewables 1000 30000 Mundra 1600 scanning- 25000 MW Bhir

  7. Slide 7: Existing Generation Assets - Business Models

    Existing Generation Assets - Business Models Capacity % of overall Model (MW) capacity Returns Upside Tata Power projects Off-take counterparty BEST (1,000MW), Mumbai Operations TPTCL (400MW), Tata Fixed return Savings on Norms + Regulated returns 3185 46% (Thermal & Hydro), Power Distribution on eq

  8. Slide 8: Projects Under Execution

    Projects Under Execution Project Capacity Fuel Fuel Supply Agreement Power off-take COD (MW) (FSA) Mundra 4,000 Imported Offtake agreement with PPAs have been signed for Unit 1 - 3 operational Coal Indocoal for 10.11MTPA (± 3,800 MW All units by 2013 20%) Maithon 1,050 Coal •Domestic Coal; 100% PPAs

  9. Slide 9: Mundra UMPP (4000 MW)

    Mundra UMPP (4000 MW) Capacity  4000 MW (5 X 800 MW) Customers  Gujarat (1805 MW), Maharashtra (760 MW), Punjab (475 MW), Haryana (380 MW), Rajasthan (380 MW) Fuel  Imported Coal – 10-12 MTPA Requirement &  Offtake agreement with Indocoal for 10.11 ± 20% Source  Looking for additional mines in

  10. Slide 10: Maithon Power Limited (1050MW)

    Maithon Power Limited (1050MW) Status  Project commissioned Capacity  1050 MW (2 X 525 MW) Customers  DVC (300 MW), NDPL (300 MW), WBSEB (150 MW), 300 MW under negotiation  Long term (30 yr) PPAs commence on CoD for DVC & 1st April 2012 for NDPL and WBSEB Fuel Requirement  Domestic Coal; 100% l

  11. Slide 11: Renewable Projects Under Execution

    Renewable Projects Under Execution  2 x 63 MW run of the river Hydro project with Tata Power holding 26% and Royal Govt. of Bhutan holding 74%  Project cost- ~USD 200 million with debt equity of 60: 40; debt tied up with ADB and others Dagacchu 126 MW  PPA signed with Tata Power Trading Hydro pro

  12. Slide 12: Projects Under Development

    Projects Under Development Capacity Project Fuel Source (MW) Status Execution schedule Kalinganagar Gas based : Production gases 650 MOU finalised, Environment Clearance for the gas based Gas based – All 3 units by supplied by Tata Steel Coal plant obtained by Tata Steel along with their 6 MTPA Stee

  13. Slide 13: Strategic Investment in Coal

    Strategic Investment in Coal Operating 30% stake in Indonesian coal mines – KPC and Arutmin H1CY12 CY11 CY 10 CY 09 Performance  Total estimated coal production to reach 100 mm tonnes by FY14 Quantity mined ~33 ~66 ~60 ~63 (MT)  Overall rights adequately protected through the Shareholders’ Average

  14. Slide 14: Long term fuel contracts

    Long term fuel contracts Project Fuel requirement Source of fuel Contract details Term c.3 MTPA of coal Purchase agreements PT Adaro: 1.00 MTPA (+/- 5yrs 0.25MTPA) PT Adaro: 1.00 MTPA (+/- 10yrs 0.2MTPA) Trombay Samtan: 0.65 MTPA (+/- 10%) Till FY14 Oil From nearby refineries, delivered by pipeline

  15. Slide 15: Transmission and Distribution

    Transmission and Distribution Transmission – Mumbai Powerlinks Transmissions Limited  JV between Tata Power (51%) and Power Grid Corporation of  TRANSMISSION Tata Power is amongst the 3 transmission licensees India Ltd. (49%) that bring power into Mumbai  India’s first private sector inter-state

  16. Slide 16: Other Businesses

    Other Businesses  100% subsidiary TPTCL, holds a trading license for a period of 25 years starting from 2004 Tata Power Trading  Holds a Category 1 trading license, the highest grade of license, which permits the company to trade any amount of power  Trust Energy Resources Pte Ltd incorporated in

  17. Slide 17: Appendix: Detailed Financial Statements

    Appendix: Detailed Financial Statements …Message Box ( Arial, Font size 18 Bold)

  18. Slide 18: Q2FY13/H1FY13 Results - Standalone

    Q2FY13/H1FY13 Results - Standalone Quarter ended Half year ended Year ended Particulars 30-Sep-12 30-Jun-12 30-Sep-11 30-Sep-12 30-Sep-11 31-Mar-12 (A) MUs MUs MUs MUs MUs MUs 1. Generation 4,272 4,259 3,772 8,531 7,661 15,230 2. Sales 4,235 4,227 3,793 8,462 7,725 15,240 (B) ` Crore ` Crore ` Crore

  19. Slide 19: Q2FY13/H1FY13 Results – Consolidated

    Q2FY13/H1FY13 Results – Consolidated Quarter ended Half year ended Year ended Particulars 30-Sep-12 30-Jun-12 30-Sep-11 30-Sep-12 30-Sep-11 31-Mar-12 (Reviewed) (Reviewed) (Audited) ` Crore ` Crore ` Crore ` Crore ` Crore ` Crore 1. Income from operations a) Revenue 7,398.66 6,714.12 5,326.82 14,112

  20. Slide 20: Robust Financials (Standalone)

    Robust Financials (Standalone) All figures in INR Revenues Profit After Tax billion 95 11.7 79 74 74 9.2 9.4 9.4 8.7 64 FY08 FY09 FY10 9M FY11 FY12 FY08 FY09 FY10 FY11 FY12 Networth Earnings per share 45.3 107.63 44 99.99 100.39 81.10 75.19 41 41 39 FY08 FY09 FY10 FY11 FY12 FY08 FY09 FY10 FY11 FY12

  21. Slide 21: Robust Financials (Consolidated)

    Robust Financials (Consolidated) All figures in INR Revenues EBITDA and EBITDA margin billion 300 60 25.00% 263 19.68% 23.14% 50 19.60% 250 50 46 17.56% 20.00% 196 199 18.86% 39 200 186 40 36 15.00% 150 121 30 21 10.00% 100 20 50 10 5.00% - 0 0.00% FY08 FY09 FY10 FY11 FY12 FY08 FY09 FY10 FY11 FY12 E

  22. Slide 22: Robust Financials (Consolidated)

    Robust Financials (Consolidated) All figures in INR Net Debt/Equity billion 500.0 Profit After Tax 2.6 21.4 21.8 450.0 1.7 400.0 350.0 13.0 1.4 11.8 300.0 1.5 316.2 250.0 1.1 Net Debt 225.6 200.0 Equity 161.4 150.0 129.7 FY08 FY09 FY10 FY11 FY12 85.5 100.0 114.0 131.0 118.7 50.0 76.5 86.2 -9.7 0.0 F

  23. Slide 23: Standalone Financial Statements

    Standalone Financial Statements INR mm FY08 FY09 FY10 FY11 FY12 INR mm FY08 FY09 FY10 FY11 FY12 Income Statement Balance Sheet Revenue Power supply and transmission 57,973 70,715 68,935 65,994 80,515 Net worth 75,192 81,099 99,9881,07,626 1,00,387 Contracts 737 1,217 1,461 1,747 3,562 Minority inter

  24. Slide 24: Consolidated Financial Statements

    Consolidated Financial Statements INR mm FY08 FY09 FY10 FY11 FY12 INR mm FY08 FY09 FY10 FY11 FY12 Income Statement Revenue Balance Sheet Net worth 76,530 86,189 114,004 131,036 118,665 Power supply and transmission 74,051 1,17,924 1,23,653 1,20,849 1,60,548 Electronics 2,567 2,415 2,926 2,050 3,379

  25. Slide 25: Sustainability Initiatives

    Sustainability Initiatives Care for environment Care for community Care for customers Care for people  Growth through renewables,  Principles of community  Energy clubs  Safety and health clean / green energy engagement  Customer care centers  Organizational  Efficient technologies,  Program

The Tata Power Company — Investor Presentation (November 2012) on 6ix