Investor Presentaiton
Robust balance sheet to support renewable-led growth
4.6x
Net Debt/EBITDA
1.3x
$ Bn 2
Net Debt/Equity
JSW Energy
Robust balance sheet & strong cashflow available to pursue growth
2.3
Net Worth
Net Debt
3.2
2.7
2.5
2.3
8.58%
69
Wt. average cost of debt *
Receivable Days**
Figures as of December 31, 2023
✓ Strong Liquidity with healthy cash balances: 2,867 Crore as of Dec 31, 2023
Financial flexibility enhanced by equity investments:
2.0
0.8
0.9
Mar'21
Mar'22
Mar'23
Dec'23
Holding 7Cr (70mn) JSW Steel shares of Value¹: * 5,640 Cr
ND/EBITDA for Operational Projects at 3.2x (Dec-23) 3
✓ Healthy Credit Ratings:
ND/TTM Proforma EBITDA
⚫ND/EBITDA
4.7
4.4
4.6
4.6
.
India Rating & Research: AA (Stable outlook)
ND/Equity
3.7
38
3.5
3.2
.
ICRA Ltd: ICRA AA (Stable)
2.3
✓ Access to diverse pools of liquidity
1.8
1.2
1.2
1.2
1.3
✓ Operating portfolio generating healthy CF & mid-teen equity IRR
Weighted average cost of debt* is 8.58% as of Dec 31, 2023
0.5
0.5
1 Value of JSW Steel Share holdings as on Dec 31 2023
2 Conversion based on USD = INR spot rate as of respective date
Sep-22
Dec-22
Mar-23
Jun-23
Sep-23
Dec-23
* Including Acquired RE Portfolio's debt post refinancing and debt sizing package which is in place |
**
Excl Acquired RE Portfolio receivables | #ND/Proforma EBITDA excluding debt on under-construction projects
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