Cesc Ltd · NSE:CESC
Cesc — Investors' Conference November 2020
33 slides from Cesc's conference presentation, Nov 17, 2020
Slide 1: Cover letter: Investor Presentation to stock exchanges
~ '.-- RP-SanjivGoenka , ~ Group G rowin g Legac i es 17 November, 2020 Manager (Listing) National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C/1, G- Block, Bandra - Kurla Complex, Bandra (East), Mumbai - 400 051 SCRIP CODE: CESC The Secretary BSE Limited Phiroze Jeejeebhoy
Slide 2: CESC Limited - Powering India since 1899
~~ RP- Sanjiv Goenka , ~ Group CESC Limited Powering India since 1899 November 2020 1
Slide 3: Disclaimer
~~ RP- Sanjiv Goenka , ~ Group This presentation has been prepared by and is the sole responsibility of CESC Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitati
Slide 4: RP-Sanjiv Goenka Group
~~ RP - Sanjlv Goenka , ~ Group RP- Sanjiv Goenka Group CESC Ltd Fully Integrated Private Power Utility r ... RP – Sanjiv Goenka Group is a well known diversified business house in India. Phillips Carbon Black , f Phillips Carbon Black Limited Ltd India’s largest Carbon Black Manufacturer ... RP – S
Slide 5: Indian Power Sector
~~ RP- Sanjiv Goenka , ~ Group Indian Power Sector India – Power Demand (BU) India – Per Capita Power Consumption (Kwh) 1150 1200 1250 1200 1050 1100 1125 1200 950 1000 1000 1000 1000 800 850 800 800 600 600 IIII 400 I I I III 400 200 200 0 0 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY
Slide 6: Indian Power Sector - Outlook
~~ RP- Sanjiv Goenka , ~ Group Indian Power Sector - Outlook Share of Private Sector Going Up • Per capita consumption of electricity in India has increased from 779 units in FY10 to 1208 units in FY20. 100% 80% 32% 31% 30% 29% 27% 26% 25% 25% 25% 24% 25% 60% 18% 21% 27% 31% 36% 39% 41% • Privatizat
Slide 7: CESC - Power Business: Generation & Distribution
~~ RP- Sanjiv Goenka , ~ Group CESC - POWER BUSINESS GENERATION & DISTRIBUTION 6
Slide 8: Operational Facilities - Overview
~~ RP- Sanjiv Goenka OPERATIONAL FACILITIES -OVERVIEW , ~ Group Renewables Noida Distribution Kolkata Distribution Business Independent Power Plants 600 MW thermal power plant in -335 sq km area Coal Mining, Power Generation & Chandrapur, Maharashtra Distribution -Consumer Base- 1 Lakh (Project cost
Slide 9: Recent key achievements
RP - Sanj iv Goenka Group Recent key achievements CESC LIMITED r.,rsfteq Urn • S..C. lltl Significant rise in Consolidated PAT PAT FY20 – Rs 1306 Cr FY 19 – Rs 1184 cr - All time high EPS ~ Rs 98 (Consol) FY 18 – Rs 912 cr Chandrapur losses reduced substantially in FY’20 Budge Budge & Haldia amongst
Slide 10: Financial Performance of key subsidiaries - FY'19-20
~~ RP- Sanjiv Goenka , ~ Group Financial Performance of key subsidiaries - FY`19-20 Revenue EBIDTA PAT PAT FY`19-20 FY`19-20 FY`19-20 FY`18-19 CESC Ltd (Standalone) 7982 2105 918 937 CESC Ltd (Consolidated) 11217 3737 1306 1184 Haldia Energy Ltd 2289 948 318 324 Dhariwal Infrastructure Ltd 1320 425
Slide 11: Key Financial Performance - H1 FY'20-21
~~ RP- Sanjiv Goenka , ~ Group Key Financial Performance- H1 FY`20-21 HY- FY`21 HY- FY`20 Revenue PAT Revenue PAT (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) CESC Ltd (Consolidated) 5475 571 6306 597 Haldia Energy Ltd 1140 195 1185 167 Dhariwal Infrastructure Ltd 706 47 602 (49) Crescent Power & Surya 1
Slide 12: Distribution Overview
~~ RP- Sanjiv Goenka , ~ Group Distribution Overview Rajasthan – City/ (KOTA, Kolkata Noida Malegaon Location Bharatpur, Bikaner) Bikaner Distribution Input based Input based 0 0 Noida Licensee Licensee 0 Bharatpur Contract franchisee franchisee Kota 0 0 Kolkata Area 567 sq. km 335 sq. km 381 sq. km
Slide 13: CESC Distribution - Kolkata
www.cesc.co.in CESC Distribution - Kolkata 120+ Area: 21,000+ Regulated Business years of experience 567 sq.km. ckt km of network Peak power Customer Base: Units sold Revenue demand 33 lakhs 10,000 MUs >7,900 Cr 2,337 MW in FY20 Power Assured post-tax Distribution Loss: Procurement: equity return: T
Slide 14: Kolkata distribution: B2C Business
Kolkata distribution : B2C Business RP- Sanjiv Goenka Group Fault 3.3m Consumers 6 Regions Integrated Customer Mgmt. / SBUs Care Sys ..•.................. • Sales (license area) – 10,000 MU • 10 Mains .: CRM .: • World-class o LT – 68% District ········r······' Control Centre ..., ..................
Slide 15: Delivering Customer service across the electricity value chain
~~ RP- Sanjiv Goenka Delivering Customer service across the electricity value chain , ~ Group Network Technology Reliability Innovations Generation Transmission Distribution Smart outage Complaint management 16.5KV 400,220KV 33,11KV 440V/220V Management Smart Metering Virtual office 14
Slide 16: Initiatives for Fault Prevention & Rapid Restoration
RP- Sanjlv Goenka CESC Initiatives for Fault Prevention & Rapid Restoration LIMI T ED Group SCADA & Analytics Planning Tools GIS AMR for DTs Dis tributio n Statio n Tool • Dynamic ~nked short listing critem baind onloitding, (N•1).fifult1, Mflsiti¥ity1tc. DTR Tool • O.biled 1v1l~tionN>dr.nkingofDS's
Slide 17: Leadership in Technology and Innovation
~~ RP- sanjiv Goenka ~ ~~,~~ ~~ Group Leadership in Technology and Innovation [fff&l1iltt lhH • S.. lffl Integrated SS at New Cossipore Compact 33 kV Distribution Underground 132 kV SS at with 220, 132 & 33 kV GIS Station `Quest Mall’ OP® WER SilverSpr~~~Z? (® NETW ~ Transforming the way Utilities r
Slide 18: Improving Consumer Experience with superior customer service
RP- Sanjiv Goenka ES Group Web Services Mobile SERVICE Apps Improving Consumer Experience with superior customer service SMS Services New Connection Applications 48.5% 24x7 Call Centre of Bills paid 100% online Online Branding / ~ eBuddy fl CTSC's Digital Assistant Hey, I am eBuddy and would be Comm
Slide 19: Awards & Recognitions
~~ RP- Sanjiv Goenka , ~ Group Awards & Recognitions Dun & Bradstreet Infra Awards 2017 Best Distribution Company Budge Budge TPP 9th CII national HR Awarded as the excellence awards Gold Winner at the 2018-19 Global Leadership in HR Environment Excellence Recent Award Recognitions CII-Exim Bank 11t
Slide 20: CESC Standalone Financials
~~ RP- Sanjiv Goenka , ~ Group CESC Standalone Financials Sales (MU) Revenue (Rs. bn) 79 79 80 74 10350 10390 10282 69 9446 9549 62 8443 8651 8733 9034 48 54 56 FY'12 FY'13 FY'14 FY'15 FY'16 FY'17 FY'18 FY'19 FY'20 FY'12 FY'13 FY'14 FY'15 FY'16 FY'17 FY'18 FY'19 FY'20 Including power export T&D Loss
Slide 21: CESC Standalone Financials
~~ RP- Sanjiv Goenka , ~ Group CESC Standalone Financials PBT (Rs. Bn) Long Term Debt / Equity Ratio 0.7 11.94 11.19 0.6 0.6 0.6 0.6 10.46 10.99 11.02 8.83 0.5 0.5 0.5 0.5 7.73 8.25 6.93 III FY'12 FY'13 FY'14 FY'15 FY'16 FY'17 FY'18 FY'19 FY'20 FY'12 FY'13 FY'14 FY'15 FY'16 FY'17 FY'18 FY'19 FY'20 E
Slide 22: CESC Distribution - Noida Power Company Ltd
RP- Sanjiv Goenka Group CESC Distribution – Noida Power Company Ltd RP- Sanjiv Goenka Group www.noidapower.com Growing Legacies Distribution Area Power Procurement Greater Noida in JV with Dhariwal Uttar Pradesh Greater Noida Started operations Infrastructure 335 sq.km. Industrial December 1993 /Med
Slide 23: Key Performance Indicators - NPCL
~ ~~,~~ ~~ RP- Sanjiv Goenka ~ Group [ Key Performance Indicators - NPCL ] [fff&l1iltt lhH • S.. lffl Peak Demand [ CAGR:14% l GFA [ CAGR:31% l 500 2,000 1,683 374 433 400 1,482 283 1,500 300 1,063 Rs. Cr. MVA 1,000 200 140 412 100 500 13 25 1 34 - - 93-94 00-01 10-11 15-16 18-19 19-20 93-94 00-01 1
Slide 24: CESC Distribution - Rajasthan
RP- Sanjiv Goenka CESC Distribution – Rajasthan RP- Sanjiv Goenka Group www.cescrajasthan.co.in Group Growi ng Legacies Three wholly owned subsidiaries in the three cities– Particulars Kota Bharatpur Bikaner • Kota Electricity Distribution Ltd Area (Sq. Km.) 176 50 155 • Bharatpur Electricity Servic
Slide 25: Key Interventions after Takeover
~~ RP- Sanjiv Goenka , ~ Group Key Interventions after Takeover Soft value enhancement for Loss Reduction Initiatives Network Reliability customers • Defective meters replaced • Centralized Command Station • New connection within a day • Regular billing for consumers • Diesel Gen Sets on stand-by fo
Slide 26: CESC Distribution - Malegaon
RP- Sanjiv Goenka CESC Distribution – Malegaon RP- Sanjiv Goenka Group www.cesc.co.in Group Growing Legacies Start of operations Distribution Area Concession Period Power Procurement (Commenced on Malegaon in 20 Years MSEDCL 1st Mar’20) Maharashtra Area No. of consumers Energy Input Energy Billed 25
Slide 27: Power Generation
~~ RP- Sanjiv Goenka , ~ Group www.cesc.co.in Power Generation RP- Sanjiv Goenka Group Growing Legacies Gen Capacity 2539 MW Plant Capacity Offtake Arrangement Fuel Security - • CIL Linkage BBGS 750 MW • Coal Mine • E-auction ~ Integrated generation for Jcis□lme, SGS 135 MW Kolkata Distribution • CI
Slide 28: Power Generation - CESC Kolkata
~~ RP- Sanjiv Goenka Power Generation – CESC Kolkata RP- Sanjiv Goenka , ~ Group Group Growing Legacies Stations Budge Budge- BBGS Assured Post Tax (3x250MW) Cumulative Capacity Equity Return Southern- SGS 1125MW 15.5% on (2x67.5MW) Normative Equity Titagarh- TGS (4x60MW) 1990 2 X 67 .5 MW SGS commi
Slide 29: 600 MW Haldia Thermal Power Project, West Bengal
RP- Sanjiv Goenka Group 600 MW Haldia Thermal Power Project, West Bengal CESC LIMITED • Generating Station: 2x300 MW Thermal Power Plant • Entire capacity to CESC (Kolkata) -PPA approved by WBERC • Assured Post Tax Equity Return 15.5% on Normative Equity • Fuel Supply Agreement with Mahanadi Coalfie
Slide 30: 600 MW Chandrapur Thermal Power Project, Maharashtra
~~ RP- Sanjiv Goenka r r ~ Group 600 MW Chandrapur Thermal Power Project, Maharashtra • First Independent Power Plant of CESC • Generating Station: 2x300 MW in Chandrapur, near Nagpur • Project cost of Rs. 38 billion funded at 75:25 debt-equity ratio • PLF 64.1% (FY20) • Fuel Supply Agreement with C
Slide 31: Crescent Power
~~ RP- Sanjiv Goenka , ~ Group Crescent Power • Generating Station: 40 MW AFBC based power plant • Commissioning Year: 2010 • Plant set up at CESC’s Sarisatolli coal mine pit in West Bengal & primarily based on washery rejects • Power sold to the grid • Connected to State Transmission Utility Grid S
Slide 32: Renewables
Renewables RP - Sanjiv Goenka Group 0 One of the best portfolios in terms of tariff and returns 0 Amongst the first companies to set up a Solar Power Project at Gujarat (2010) and Tamil Nadu (2015) under the State Feed-in-tariff model Capacity Project Plant Type PPA with Type of Power Sale COD MW Da
Slide 33: Thank You
~~ RP- Sanjiv Goenka , ~ Group THANK YOU 32