#1पावरग्रिड POWERGRID Transmitting Power for Progress and Prosperity Investor Presentation 01/08/2023#2पावरग्रिड Disclaimer POWERGRID By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell any securities of Power Grid Corporation of India Limited (the "Company"), nor shall part, or all, of this document form the basis of, or be relied on in connection with, any contract or investment decision in relation to any securities of the Company. The information in this document is being provided by the Company and is subject to change without notice. The Company relies on information obtained from sources believed to be reliable but does not guarantee its accuracy or completeness. This document contains statements about future events and expectations that are forward-looking statements. These statements typically contain words such as "expects" and "anticipates" and words of similar import. Any statement in this document that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. None of the future projections, expectations, estimates or prospects in this document should be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or prospects have been prepared are correct or exhaustive or, in the case of the assumptions, fully stated in the document. The Company assumes no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements. You acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the business of the Company. Neither the delivery of this document nor any further discussions of the Company with any of the recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since that date. Annual Accounts for FY 2022-23 are to be approved by the shareholders. 2#3Performance Highlights पावरग्रिड POWERGRID POWERGRID Overview Major Highlights Performance Highlights Growth Outlook Awards 3#4POWERGRID Overview पावरग्रिड POWERGRID A "Maharatna' CPSE 3rd Largest CPSE Gross Block¹ Pan India 37 Subsidiaries Credit Rating International 11 (At par with Sovereign) Joint Ventures² Standard & Poor's: BBB- Transmission Network 04 Fitch: BBB - Associates Moody's: Baa3 4,000 MW Cross Border Interconnection with neighbouring countries 23 countries Global Footprints Domestic CRISIL: AAA ICRA: AAA CARE: AAA 1-As per DPE(Gol) PE Survey 2021-22 2-excl. under closure 4#5POWERGRID Overview Transmission Assets 888 274 1,74,625 ckm 1,467 nos Transmission Lines 今 5,08,350 MVA Sub-Stations Transmitting 45% of India's Power पावरग्रिड POWERGRID 97,290 MW 85% of India's IR capacity > 99% System Availability HVDC 765kV 400kV substations Substations Substations SVC/ STATCOMS GIS Transmission 600 Transformers Substations Towers and Reactors 5#6Major Highlights पावरग्रिड POWERGRID Won Two TBCB projects in Q1FY24 Transmission Scheme for Solar Energy in Ananthapuram (2.5GW) and Kurnool (1GW) - Transmission system for evacuation of power from REZ in Rajasthan (20GW) – Part B1 Levellised Tariff 341.30 crore Bids for 03 projects submitted 6#7Major Highlights पावरग्रिड POWERGRID Order received for 69 lac Smart Meters installation in Gujarat from MGVCL, Vadodara and UGVCL, Ahmedabad. ◉ Project Duration - 10 years. Implementation phase - 27 months O&M Phase - 93 months Investment of 4067 crore Investment in 85MW solar project at Nagda, MP approved ☐ To be implemented in 10 months ■ Captive consumption and Sale through exchange 7#8पावरग्रिड POWERGRID Project Execution Added 4,435 MVA Transformation capacity 02 Nos Sub-stations 1,428 ckm Transmission lines Successfully Commissioned POWERGRID Meerut Simbhaoli Transmission Ltd • • 400kV D/C Meerut - Simbhaoli Line 765/400/220kV Meerut GIS SS 400/220/132kV Simbhaoli GIS SS POWERGRID Bikaner Transmission System Ltd Bikaner-II PS - Khetri 400kV 2xD/c line Khetri Bhiwadi 400kV D/c line (Twin HTLS) Extension 765/400/220kV Bhadla-II PS Two 400/220kV, 500MVA ICTS Extension of 765/400/220kV Bikaner (PG) S/s One 765/400kV, 1500MVA Transformer 8#9Project Execution-Q1FY24 944 1,506 Capex ■Standalone 652 1,615 पावरग्रिड POWERGRID Capitalization* ■Consolidated ■Consolidated ■Standalone (in crore) * Exclusive of FERV * Includes assets capitalised as Finance Lease 6#10Operational Performance-Q1FY24 99.79% 99.86% 0.12 0.09 पावरग्रिड POWERGRID Availability ■Q1FY23 ■ Q1FY24 Tripping per line ■Q1FY23 ■ Q1FY24 10 10#11Financial Performance-Q1FY24 (in crore) 11,017 11,082 Standalone 3,766 3,543 Consolidated 11,169 11,258 पावरग्रिड POWERGRID 3,801 3,597 Income PAT Income PAT ■Q1FY23 ■Q1FY24 ■Q1FY23 ■Q1FY24 11#12Financial Performance पावरग्रिड POWERGRID Growth Growth Description Q1FY24 Q1FY23 Q4FY23 (%) (%) STANDALONE Income - Transmission Charges 10,124 10,047 1% 11,330 (11)% - Consultancy - Services 121 233 (48)% (24) - Telecom - Other Income 191 166 15% 189 1% 646 571 13% 793 (19)% Total Income 11,082 11,017 1% 12,288 (10)% Operating Expenses (including movement in regulatory 1,391 1,321 5% 1679 (17)% deferral balance other than DA for DTL) EBITDA-Gross Margin 9,691 9,696 10,609 (9)% Depreciation 3,161 3,203 (1)% 3,214 (2)% Interest 2,289 1,987 15% 2,286 Tax (Net of DA for DTL) 698 740 892 Profit After Tax 3,543 3,766 (6)% 4,217 (16)% 12 (in crore)#13Financial Performance पावरग्रिड POWERGRID Growth Growth Description Q1FY24 Q1FY23 Q4FY23 CONSO- (%) (%) Income - Transmission Charges 10,756 10,529 2% 12,109 (11)% - · Consultancy Services 101 211 (52)% (34) - Telecom 191 166 15% 188 2% - Other Income 210 263 (20)% 294 (29)% Total Income 11,258 11,169 1% 12,557 (10)% Operating Expenses | (including movement in regulatory 1,421 1,332 7% 1,673 (15)% deferral balance other than DA for DTL) DATED Share of Net Profits of investments (5) (5) (53) accounted for using Equity Method EBITDA-Gross Margin 9,832 9,832 10,831 (9)% Depreciation Interest Tax (Net of DA for DTL) Profit After Tax (** in crore) 3,266 3,295 (1)% 3,313 (1)% 2,217 1,965 13% 2,240 (1)% 752 771 955 3,597 3,801 (5)% 4,323 (17)% 13#14Financial Performance Description Standalone पावरग्रिड POWERGRID Consolidated 2,56,415 Gross Fixed Assets (✓ crore) As on 30.06.23 As on 30.06.22 As on 30.06.23 As on 30.06.22 2,52,053 2,70,757 2,64,838 Capital Work-in-Progress ( crore) 8,431 7,018 14,704 13,119 Debt (crore) 1,22,695 1,28,369 1,22,695 1,28,369 Net Worth (crore) 86,319 79,861 86,557 79,993 Earning Per Share (*)* 5.08* 5.40* 5.16* 5.45* Book Value per Share (₹) 123.75 114.49 124.09 114.68 Key Financial Ratios Debt: Equity Return on Net Worth* 59:41 62:38 59:41 62:38 4.10%* 4.72%* 4.16%* 4.75%* * Not annualised 14#15Other Key Financial Information पावरग्रिड POWERGRID Description Income for previous periods (Consol.) Q1FY24 Q1FY23 214 351 Int. on differential tariff 62 142 Int. from Subsidiaries & JVs* 337 251 Surcharge (Consl.) 51 97 Incentive (Consol.) Dividend from JVs* Dividend from Subsidiaries* 132 149 4 Average Cost of Borrowing* 7.59% in Q1FY24 126 78 Dividend from Associates/Others* 14 31 CSR Expenses* 27 101 * On Standalone basis FERV (Gross Block) (64) 767 Equity in TBCB- Operational* 3,544 2,812 Equity in TBCB- U/ Constn.* 347 713 Short Term Loan# (in crore) * On Standalone basis 4,655 15#16Telecom Performance-Q1FY24 191 crore Income पावरग्रिड POWERGRID Business Segments Leased Lines MPLS-VPN 40 New Customers added • Data services • Infrastructure services 3000 locations Pan India Network ~82,000 kms Network route 100% Backbone availability Upcoming Services ILD connectivity With neighbouring countries Nepal, Bangladesh, Bhutan and Myanmar. Business Transfer Agreement executed for hiving off Telecom business 16#17Consultancy Performance पावरग्रिड POWERGRID 121 crore Income 02 Consultancy services to Domestic and International clients. New International assignments 17 Ongoing International assignments 05 New Domestic assignments 70 Ongoing Domestic assignments Delivering Smart Solutions to both Domestic and International clients • State owned utilities, Private utilities, Central Public Sector Undertakings, Government departments, International clients etc. Area of Expertise • Transmission • Sub-Transmission and Distribution • Rural Electrification Load Dispatch & Communication • Smart Grid • Energy Efficiency & Sustainable Development. * on consolidated basis 17 17#18Commercial Performance Billing & Realization * 12,726 cr Billing * 10,406 cr Realization 81.77% %age Realization 87.94% upto 31/07/23 1,718 Outstanding dues (at end of Qtr) (in crore) पावरग्रिड POWERGRID 1,855 51.06* 44.56* 24.49* 4,138 2,966 LPS Rules 2022 notification by MoP 1,177 crore received out of outstanding ~ dues of 2,400 cr 2,228 4,912 Q1FY23 Q4FY23 Q1FY24 *Receivable (days billing) ■ o/s > 45 days ■o/s < 45 days Major Dues Tamil Nadu, J&K, Telangana, Uttar Pradesh#19Work in Hand Work in Hand: ~48,700 crore पावरग्रिड POWERGRID * 11,200 crore 24,700 crore Ongoing RTM Projects New RTM Projects 12,800 crore TBCB Projects FY24 Capex Plan: 8,800 crore ~5,000 crore RTM * 3,800 crore TBCB* * Incl Others 19#20Business Outlook 2032 पावरग्रिड POWERGRID Business segment Subhead Transmission Business Inter State Estimated Capex 1,16,500 crore Intra State *37,000 crore Cross Border *10,000 crore International projects *7,500 crore Subtotal Transmission *1,71,000 crore *1,000 crore Other Business Solar generation Smart Metering Infrastructure Data Centre Business *15,000 crore *1,000 crore Subtotal Other Businesses *17,000 crore Estimated Outlay upto year 2032 *1,88,000 crore 20#21Awards & Accolades पावरग्रिड POWERGRID "ATD Best Awards 2023" • Ranked 17th amongst the Top 72 leading global companies. • "Global Prithvi Award, 2023" Conferred with the prestigious award as recognition to excellence in continued Sustainability Practices of POWERGRID 21#22in f www.powergrid.in Thank You पावरग्रिड POWERGRID 22 22