Investor Presentaiton
Steady Operations and Robust Financials
Net Generation (BUS)
20.0
20.8
21.9
Total Income¹ and EBITDA (Cr)
Cash PAT (Cr) and Cash Returns
10,867
21.5
8,736
9,062
7,160
2,570
2,551
2,395
1,947
4,545
3,144
3,542
3,817
17%
19%
18%
20%
FY21
FY22
FY23
9M FY24
FY21
FY22
FY 23
9M FY24
FY21
FY22
FY23
9M FY24
ND/EBITDA for Operational Projects at 3.2x
Healthy receivables days
ND/TTM Proforma EBITDA
4.7
#
• ND/EBITDA*
4.4
4.6
4.6
14%
1,857
1,628
ND/Equity
3.7
38
3.5
3.2
2.3
1.8
1.2
1.2
1.2
1.3
0.5
0.5
Dec 31, 2022
Dec 31, 2023
Sep-22
Dec-22
Mar-23
Jun-23
Sep-23
Dec-23
Receivable
Days
69
69
*
1.Not comparable YoY from FY21 due to Change to Job Work Model Partially
#ND/Proforma EBITDA excluding debt on under-construction projects * Includes Unbilled Revenue and excluding Acquired RE Portfolio receivables
JSW Energy
Steady operations and robust financial
85% of portfolio tied-up under Long
Term PPA; Remaining Avg. Life of
Assets/PPA: ~24 years / ~18 years
Track record of strong yearly cash
profits and mid-teen equity returns
Financial flexibility
Strong leverage ratio, Net Debt to
operating EBITDA of 3.2x
JSW Steel shares: 7 Cr shares held
(Value as on Dec 31, 2023: 5,640Cr)
Receivables
All plants placed favourably in States'
Merit Order Dispatch
Payment security mechanism in force
for power tied under long term PPA
with discoms
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