JSWENERGYNSEMay 3, 2022

JSW Energy Limited

11,690words
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Key numbers — 40 extracted
rs,
change Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sirs, Further to our letter dated 3rd May, 2022 please find attached the Results Presentation in connecti
225 MW
ded under this presentation. JSW Energy Q4 FY22 Results Presentation 2 Commenced operations at 225 MW Solar plant in Vijayanagar, Karnataka FY 2022: Key Achievements • Achieved Leadership Band (A-
4%
Thermal plants including the prestigious “Sword of Honor” for Barmer • Net Generation higher by 4% YoY at 20.8 BUs • EBITDA at `4,138 Crore, up by 32% YoY • Highest ever PAT of `1,729 Crore • Board
4,138 Crore
estigious “Sword of Honor” for Barmer • Net Generation higher by 4% YoY at 20.8 BUs • EBITDA at `4,138 Crore, up by 32% YoY • Highest ever PAT of `1,729 Crore • Board recommended a dividend of `2.00 per shar
32%
Honor” for Barmer • Net Generation higher by 4% YoY at 20.8 BUs • EBITDA at `4,138 Crore, up by 32% YoY • Highest ever PAT of `1,729 Crore • Board recommended a dividend of `2.00 per share • Credit
1,729 Crore
eration higher by 4% YoY at 20.8 BUs • EBITDA at `4,138 Crore, up by 32% YoY • Highest ever PAT of `1,729 Crore • Board recommended a dividend of `2.00 per share • Credit rating upgrade to ‘AA/Stable’ by India
707 million
upgrade to ‘AA/Stable’ by India Ratings, reiterating sector leading credit risk profile • Raised US$707 million maiden Green Bond at JSW Hydro Energy - Largest for any hydro asset in Asia • Secured PPA for 2.5
2.5 GW
ion maiden Green Bond at JSW Hydro Energy - Largest for any hydro asset in Asia • Secured PPA for 2.5 GW renewable projects; commenced operations at 225 MW solar plant in Apr’22 • Secured tie-ups with var
5 GW
cts; commenced operations at 225 MW solar plant in Apr’22 • Secured tie-ups with various States for 5 GW Hydro Pumped Storage projects JSW Energy Q4 FY22 Results Presentation 4 Key Highlights for Q4FY2
15%
Q4 FY22 Results Presentation 4 Key Highlights for Q4FY22 (1/2) • Overall Generation: higher by 15% YoY in Q4, driven by higher long term sales • Total Hydro Generation: higher by 15% YoY in Q4 due
1,346 Crore
in Q4 driven by higher long term sales Consolidated Financials • Highest-ever Quarterly EBITDA: `1,346 Crore in Q4, higher by 99% YoY • Highest-ever Quarterly Profit After Tax: `864 Crore in Q4, up by 711% Yo
99%
erm sales Consolidated Financials • Highest-ever Quarterly EBITDA: `1,346 Crore in Q4, higher by 99% YoY • Highest-ever Quarterly Profit After Tax: `864 Crore in Q4, up by 711% YoY • Receivable days d
Guidance — 2 items
ESG Profile of JSW Hydro Energy
opening
“hydro) •Total : ~`16,660 Crore Capex •Spent: ~`3,100 Crore •Committed: ~` 9,600 Crore • FY23: 1200+ MW • FY24: 700+ MW • FY25: 240 MW (Kutehr) Expected Commissioning • Modular/phased commissioning to provide accelerated cashflow generation 19 Operational 225 MW”
Under-Construction
opening
“Merger of JSW Future Energy Limited with JSW Neo Energy Limited under a Scheme of Amalgamation to be approved by NCLT, wherein all the assets and liabilities of JSW Future Energy Limited will be transferred to JSW Neo Energy Limited 3.”
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Risks & concerns — 7 flagged
In preparing the Standalone Financial Results, the Board of Directors are responsible for assessing the Company’s ability, to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
— Investor Relations Contact
The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from intentional omissions, forgery, error, as misrepresentations, or the override of internal control.
— Investor Relations Contact
• Conclude on the appropriateness of the Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Company to continue as a going concern.
— Investor Relations Contact
However, future events or conditions may cause the Company to cease to continue as a going concern.
— Investor Relations Contact
The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
— Investor Relations Contact
• Conclude on the appropriateness of the Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group and its associate and a joint venture to continue as a going concern.
— Investor Relations Contact
However, future events or conditions may cause the Group and its associate and a joint venture to cease to continue as a going concern.
— Investor Relations Contact
Speaking time
Climate Change
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ESG Profile of JSW Hydro Energy
1
Under-Construction
1
Investor Relations Contact
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Opening remarks
Climate Change
Committed to being carbon neutral by 2050 Reduce our carbon emissions by more than 50% Renewable Power: Enhance the renewable power to 2/3rd of our Total Installed Capacity Biodiversity: No Net Loss for Biodiversity Waste Water: Zero Liquid Discharge Waste : 100% Ash (Waste) utilization Water Resources: Reduce our water consumption per unit of energy produced by 50% Resources Employee Wellbeing Social Sustainability Local Considerations Indigenous People Human Rights Supply Chain Sustainability Sustainable Mining Air Emissions Business Ethics Cultural Heritage Energy Governance & Oversight by Sustainability Committee 2 Independent Directors 1 Executive Director Mr. Sunil Goyal Ms. Rupa Devi Singh Mr. Prashant Jain ESG Ratings – best amongst peers MSCI : BB CDP : A- (Leadership Level) Sustainalytics: 28.9 (Medium Risk) FTSE4Good Index constituent Carbon Neutrality by 2050 Aligned to National & International Frameworks JSW Energy Q4 FY22 Results Presentation to Committed science based ta
ESG Profile of JSW Hydro Energy
https://www.jsw.in/energy/jsw-hydro-energy JSW Energy Q4 FY22 Results Presentation 13 Sustainability: Empowering Our Communities Health & Nutrition • ~16,000 beneficiaries who availed health care services through multi-specialty hospitals, clinic and OPDs • General health outreach camps screened ~4,300 individuals across Barmer and Kutehr • COVID support through isolation centres, ambulance provision, awareness campaigns, vaccination drives etc Sports Promotion & Development • 2 SHIKHARites won Gold and Bronze medals in National Youth Boxing Championship • Opened High Altitude Boxing Academies (HABA) in Sangla Valley • Official sponsor of India Team India in Olympics 2021 • 10 IIS athletes qualified for Tokyo Olympics 2021 - 1 won Gold Skill Development & Livelihoods • Working with 500+ women across 16+ Gram Panchayats for market linkages, training on new techniques and designs • Under Project Charkha (in Sholtu/Kutehr), 208 women have been trained with 174 employed in producing handic
Under-Construction
1993 MW 240 MW Map for illustrative purposes, showing project locations JSW Energy Q4 FY22 Results Presentation Progress Update on Renewable Projects (2/3) 1250 MW SECI-IX & X Wind, Tamil Nadu • WTG Foundation Reinforcement works in progress in Tuticorin • Switchyard Equipment erection completed JSW Energy Q4 FY22 Results Presentation 20 Progress Update on Renewable Projects (3/3) 240 MW Kutehr HEP, Himachal Pradesh • Diverted river stream in the barrage successfully • Completed ~70% (14.6 km) tunneling work (up from ~60% in Q3) well ahead of timelines JSW Energy Q4 FY22 Results Presentation 21 Agenda Sustainability Strategic Update Operational & Financial Performance Growth Strategy Business Environment Appendix JSW Energy Q4 FY22 Results Presentation 22 Operational Performance – Q4 FY22 Net Generation (MU) Hydro: PAF and PLF Renewable 1,391 MW Hydro* 9 MW Solar 15% 95% 100% 384 384 443 443 Short Term Long Term Q4 FY21 Q4 FY22 14% 15% Q4 FY21 Q4 FY22 PAF PLF Net Generation (MU) PLF –
Investor Relations Contact
ir.jswenergy@jsw.in August, 2020 JSW Energy ESG Profile: https://www.jsw.in/energy/jsw-energy-esg INDEPENDENT AUDITOR’S REPORT ON AUDIT OF ANNUAL STANDALONE FINANCIAL RESULTS AND REVIEW OF QUARTERLY FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF JSW ENERGY LIMITED Opinion and Conclusion We have (a) audited the Standalone Financial Results for the year ended 31 March, 2022 and (b) reviewed the Standalone Financial Results for the quarter ended 31 March, 2022 (refer ‘Other Matters’ section below), which were subject to limited review by us, both included in the accompanying “Statement of Standalone Financial Results for the Quarter and Year Ended 31 March, 2022” of JSW Energy Limited (“the Company”), (“the Statement”), being submitted by the Company pursuant to the requirements of Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“the Listing Regulations”). (a) Opinion on Annual Standalone Financial Results In our
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