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Investor Presentaiton

Proven project execution and operational excellence... Prudent and consistent capital allocation strategy for growth over a 25 year history Selective bidding to ensure mid teen returns Successful integration of inorganic capacities Indexed to 100 2,500 JSW Energy JSW Capacity Addition India Capacity Addition Peak Deficit (RHS) 3,000 Period of reducing peak power deficits, projects with committed capex of JSW Energy completed until FY13 18% 16% 14% 12% Rising 10% Peak 8% Power 6% Deficit 4% 2% 2,000 1,500 Pre-IPO 1,000 500 0 0% One of the lowest project execution cost in the industry 2014 2014 2013 2014 2013 2011 2009 2010 2010 2000 2009 7.9 7.0 6.3 6.2 6.2 5.2 5.2 4.7 4.6 1.0 4.3 0.8 0.8 0.7 0.7 3.3 0.6 0.6 0.6 0.6 0.5 0.4 Nigre (1320 MW) Jangiri-Champa (1200 MW) Warora (600 MW) Chandrapur (600 MW) Padampur (540 MW) Maithon (1050 MW) Amarkantak (600 MW) Udupi (1200) 1st COD year $Mn/MW Rs. Cr/MW JSW: Ratnagiri2 (1200 MW) JSW Vijaynagar (260 MW) JSW Vijaynagar (600 MW) FY19 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 Sound operating efficiency characterized by one of the lowest O&M Cost/MW (mn) 1.9 1.9 1.8 1.8 1.5 FY20 FY21 FY22 1 Crore 10Mn; 1- USD/ INR = 83.04 2- Includes FGD Cost Source: Respective Company filings FY23 34
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