NTPC Limited — Investor Presentation 2021

Aug 2, 2021

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NTPC Limited (A Government of India Enterprise) CORPORATE CENTRE

Ref. No.:01/ FA/ISD/Compliance/2021-22

Dated: 02.08.2021

	Listing Department National Stock Exchange of India Limited ‘Exchange Plaza’, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051. Scrip Code-NTPC	Corporate Relationship Department, BSE Limited, Rotunda Buiding, P J Towers, Dalal Street, Fort, Mumbai – 400 001. Scrip Code-532555

Sub: Investor Presentation made at the 17[th] Annual Analysts and Investors Meet of NTPC Limited

Dear Sir,

In terms of Regulation 30 of SEBI (LODR) Regulations, 2015, we hereby submit the Investor Presentation made at the 17[th] Annual Analysts and Investors Meet of NTPC Limited.

Yours faithfully,

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(Aditya Dar) Executive Director (Finance)

Registered Office : NTPC Bhawan, SCOPE Complex, 7, Institutional Area. Lodi Road, New Delhi-110003 Corporate Identification Number : L40101DL1975GOI007966, Telephone No. -01124387333, Fax : 011-24361018, E-mail : isd@ntpc.co.in Website : www.ntpc.co.in

WELCOME TO 17[TH] ANNUAL ANALYSTS & INVESTORS MEET

NTPC – Vision, Mission and Core Values

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Vision

Mission

To be the World’s Leading Power Company, Energizing India’s Growth

Provide Reliable Power and Related Solutions in an Economical, Efficient and Environment friendly manner, driven by Innovation and Agility

Core Values

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I

C O M I

T

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Outline of the Presentation

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1 Company Overview
2 Spearheading Energy Transition
3 Sustainability Initiatives
4 Transforming Power Sector
5 Key Growth Pointers
6 Operational Excellence
7 Robust Financials
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NTPC – Exceeding Expectations Setting New Benchmarks

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Installed capacity of 66,885 MW Largest Power Generator in India Generating 23% with 17% Installed Capacity Plan to have 60 GW Renewable Capacity by 2032 Leading Energy Transition Developing largest solar power park of the country 17 GW capacity under construction Clear Growth Visibility Plan to become 130+ GW company by 2032 3,824 MW Commercial Capacity Addition in FY21 O&M and PM Excellence Maintaining consistent lead over All India PLF Posted highest ever profit of ₹ 13,770 crore in FY21 Highest ever profit/realization Highest ever realization of more than ₹ 1 Lakh crore ESG Strategy with clearly defined KPIs and targets Leapfrogging on ESG Front 1[st] Energy company to declare its energy compact goals

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Key Performance Highlights

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FY 2020-21

FY 2019-20

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Regulated Equity ₹ 66,338 crore ₹ 61,811 crore
Realization ₹ 100,950 crore ₹ 89,205 crore
Profit ₹ 13,770 crore ₹ 10,113 crore
Group Profit ₹ 14,969 crore ₹ 11,902 crore
Group COD 3,824 MW 8,260 MW
Group Generation 314 BUs 290 BUs
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Unparalleled Presence across the Nation

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Present + Under Construction Capacity

Leading Market Share

Share of Installed Capacity Share of Electricity Generated (as on 31 March, 2021) (during FY21)

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(as on 31 March, 2021) (during FY21)
23%
17%
Himachal Pradesh
800 MW
Uttarakhand
1424 MW+2135 MW
Arunachal Pradesh Rest of India : 3,16,341 MW Rest of India : 1068 BUs
Haryana 1115 MW
1937 MW NTPC (Group) : 65,810 MW NTPC (Group) : 314 BUs
Assam
Rajasthan Uttar Pradesh Nagaland
1316 MW
679 MW+2106 MW 13218 MW+1360 MW 75 MW
Bihar Present Installed Capacity : 66,885 MW
6810 MW+2890 MW
Bangladesh Tripura NTPC Owned Stations in MW Mix %
Madhya Pradesh Jharkhand 1320 MW 241 MW
1476 MW+426 MW Gujarat 7988 MW 4380 MW West Bengal Mizoram60 MW Coal 23 47,460 70.95%
Chhattisgarh 2220 MW+160 MW Gas/Liquid Fuel 7 4,017 6.01%
7754 MW
Maharashtra Odisha Hydro 1 800 1.20%
4730 MW+250 MW
5607 MW Renewables 16 1,183 1.77%
2610 MW+1700 MWTelangana Sub-total 47 53,460 79.93%
Andhra Pradesh Owned by JVs and Subs
Karnataka2260 MW+15 MW Coal 9 7,814 11.68%
2400 MW Gas/Liquid Fuel 4 2,494 3.73%
Tamil Nadu A&N Islands5 MW Hydro 8 2,925 4.37%
1500 MW+230 MW Renewables 5 192 0.29%
Kerala
410 MW+92 MW Sub-total 26 13,425 20.07%
Total 73 66,885 100.00%
Map not to scale
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Spearheading Energy Transition

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Leading Indian Energy Company - Spearheading Energy Transition

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2021 2032
Green
Hydrogen
Renewables EV
Renewables
Transport
Coal Mining CCU and
Integrated By Products
Energy Company
with Power
Power Generating Generation as
Power
Company Trading Main-Stream PresenceGlobal
Consultancy Coal Mining Waste to
Energy and Consultancy
Biomass
Distribution
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Supplier of Clean, Green and Affordable Power - Supplier of Choice
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Leading Indian Energy Company - Strategy

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Operational
Excellence
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Renewables
and Green
Hydrogen
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Thrust on
ESG
CCC
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Strategy
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Most
competitive
debt
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Organic
and
Inorganic
CCC Growth
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No further
land
acquisition
for Coal
projects
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Exploiting
existing
land bank
for power
and allied
Industries
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Reliable and affordable
Cleaner & Greener
Efficient
Renewables
Green Hydrogen
Coal Mining
e-Mobility
Global
Distribution
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Leading India’s push towards Green Energy

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NTPC RE Plan - Movin towards 60 GW Renewable ca acit b 2032 g p y y

NTPC RE Plan - Moving towards 60 GW Renewable capacity by 2032	NTPC RE Plan - Moving towards 60 GW Renewable capacity by 2032	NTPC RE Plan - Moving towards 60 GW Renewable capacity by 2032	NTPC RE Plan - Moving towards 60 GW Renewable capacity by 2032	NTPC RE Plan - Moving towards 60 GW Renewable capacity by 2032	NTPC RE Plan - Moving towards 60 GW Renewable capacity by 2032
	NTPC RE@PRESENT	In GW		NTPC RE@2032	In GW
	Installed	1.375		NTPC RE Limited	44
	Under Construction	3.009		Through Acquisitions	12
	Under Tendering	4.498		NTPC Standalone	4
	Total	8.882		Total	60

Key Strides

• Subsidiary for RE business NTPC Renewable Energy Limited incorporated in FY21

• Won 1,885 MW of TBCB contracts since FY21

• Setting up country’s largest Solar Park of 4.75 GW

• Plan for development of another ~10 GW UMREPP in various stages

• MOU signed with DVC for development of solar plants on DVC Reservoirs and land

• MOU signed with ONGC for JV formation for development of Offshore Wind Projects

• Technical and commercial due diligence completed for acquisition of 500 MW solar assets

• MOU with UT, Ladakh and Ladakh Autonomous Hill Development Council (LAHDC), for green hydrogen initiatives along with solar power generation

• EOI for setting up 1000 MWh of grid-scale battery energy storage system (BESS) at NTPC plants

Largest power producer developing country’s largest solar park

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4.75 GW UMREPP in Rann of Kutch, Khavada - Gujarat

• In-principle approval accorded by MNRE for development of this park as UMREPP

• Solar and Wind generation is envisaged from this park

• Part of the capacity shall be used for producing Green Hydrogen, which will be exported through nearest port

• Connectivity and LTA for first 500 MW is being applied and the same for balance capacity shall follow

• CTU has initiated activities for setting up of ISTS substation at 765KV/400KV and Transmission Lines at 765 KV to Bhuj

• Commissioning targets are 50% in 3 years and complete park in 5 years from allotment

• Considering the Renewable Energy Plans of Gujarat Government, potential of up to 10 GW of RE power exists in Gujarat itself

• Further, sale of power from this park can be targeted through any of the Tariff Based competitive Biddings, as the transmission charges are waived for RE Power till June 2025

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Sustainability Initiatives

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Reducing Emissions - Increasing Efficiency

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Sustainability Strategy & key ESG initiatives

• NTPC’s Sustainability Strategy “Brighter Plan” with clearly defined KPIs and targets brought out

• 1[st] Energy company to declare its energy compact goals - 60GW RE capacity by 2032 and 10% reduction in net energy intensity by 2032 compared to 2012 level

• Dedicated Sustainable Supply Chain guideline with focus on ESG/EHS assessment of suppliers

• Released “Water Policy-2021” to minimize the water footprint to extent possible levels

• Carbon sink - 36 million trees have been planted in and around NTPC projects

• Developing Mega Eco park at Badarpur which is bigger than New York Central park

• Regular interaction with MSCI and Sustainalytics to address controversies and sharing of data for improvement of ESG rating

• Won the prestigious CII-ITC Sustainability Award 2019 and 2020 (only PSU in the list)

Every 1% rise in efficiency leads to 2.5% CO2 reduction2 reduction reduction

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Every 1% rise in efficiency leads to 2.5% CO2 reduction2 reduction reduction 46%
42%
41.5%
40.8%
39.5%
38.6%
13
Vindhyachal II Sipat I Barh II Khargone Telangana Advance USC Pilot
(Yr. 1999) (Yr. 2011) (Yr. 2013) (Yr. 2019) (Yr. 2022) (Under planning)
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Sustainability Strategy - The Brighter Plan

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Aim to accelerate efforts in leading the energy transition to a decentralised, decarbonised and future on TBL Bottom framework and new digitalised energy (Triple Line) setting benchmarks in sustainability along the entire energy value chain

Strong Finance & Ethics

Decarbonization & Air emissions control

Water & Biodiversity Conservation

Circular Economy

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Health and Safety

Community Development

Sustainable Supply Chain

Focus on ensuring sustainability of business operations through co-creating innovative and sustainable solutions for better and greener energy future, leading to profitable business growth, reduced costs and mitigating risks of doing business in VUCA world

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Notable reduction in SCOPE 1intensity and SCOPE 3 emissions

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-43% -3.4% SCOPE1 Intensity SCOPE3 840 (gm CO2 /kWh) - FY21 561 KTCO2 - FY21 981 KT CO2 - FY 20

SCOPE1 Intensity 840 (gm CO2 /kWh) - FY21 870 (gm CO2 /kWh) - FY20

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Unwavering Commitment to Environment

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Firm Action Plan to comply with New Environment Norms

SOx Action Plan

• The first Flue Gas Desulphurisation System (FGD) has been implemented at Vindhyachal Stage-V-500 MW unit

• FGD systems are under implementation at ~59 GW capacity and are under tendering for ~4 GW capacity

• FGD systems are expected to be commissioned in entire operational and under construction capacity well within the timelines set by CEA

• FGD implementation to give advantage to NTPC plants in comparison with non-compliant plants in merit order

De NOx Action Plan

• For low NOx combustion system, contracts have been awarded for 13 GW capacity

• Combustion modification implemented in 8.4 GW and taken with design in 25 GW capacity

Blue Sky Initiatives of NTPC

Waste to Energy

Circular Economy

Bio-Mass Co-firing

Farm to Fuel

  - Establishing integrated facility in Delhi where BioWaste will be used to produce Bio-CNG, C&D waste to construction

• 9 plants have begun Biomass Co-firing

• Air quality improvement due to avoidance of farm fires

  • Developing WtE plants supporting in improving people’s health & welfare

• Around 42,000 tonnes of agro residue based biofuel co-fired till now

• Projected reduction in carbon footprint by saving about 6.4 MMTPA of CO2

• material and combustible fraction will be used for energy recovery

• Being developed in 16 association with Municipal Corporations

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NTPC Energy Technology Research Alliance (NETRA)

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R&D wing of NTPC - Technology Focus Areas

Carbon Capture & Utilization

Green Hydrogen

• Development of 10 TPD ‘CO2 to Methanol’ demo plant at Vindhyachal

• Development of Sea Water Electrolyser for H2 production

• Indigenous development of Catalyst & Reactor for conversion of CO2 to Methanol

• Development of high temperature steam electrolyser

• Development, design and setup of 10 TPD Flue Gas Carbon Capture and Methanol Demo Plant

• Waste to Hydrogen

Water Technologies

Ash Technologies

• Design & Setup of 240 TPD Non-Thermal Forward Osmosis based high recovery system

• Development of Fly ash based Geopolymer concrete road and paver blocks

• Activated filter media plant for treating STP Water

• Development of pond ash based controlled low strength setting material

• Development of Electrodes and design of a prototype for the Hard/Sea water electrolysis

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NTPC CSR Initiatives - Touching Lives of People

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₹ 419 crore spent on CSR activities during FY21

Key CSR Activities

• Contribution of ₹ 250 Crore to PM Cares Fund to support Government of India in its efforts to fight COVID-19

• Support for procurement of items for COVID-19 Vaccination Program

• Inoculated over 70,000 employees, their family members and associates across operations

• Support to the District Authorities and neighboring communities by providing food items, beddings, sanitizers, masks, etc. besides carrying out sanitization & awareness drives in villages

• Support for Ultraviolet based sanitization technology for PPE kits being developed by IIT Delhi & Chakr Innovation

• NTPC is bearing the cost of Education of 180 girl students under Girl Empowerment Mission (GEM)

• NTPC has adopted 18 Industrial Training Institutes (ITIs) and is setting up 8 new ones

• MoU with NSDC to develop skills of more than 30,000 youth including 8000 youth from Ladakh and J&K

• Support to Archery Association of India for promotion of Archery

• NTPC's CSR initiatives have touched lives of around 18 lakh people in one or the other way, at remote locations

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Transforming Power Sector

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Strong Growth Drivers for Power Sector in India

Demand

Supply

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• India’s GDP is expected to grow significantly over next two decades on the back of our demographic strength

• India has low per capita consumption of electricity which is expected to rise to ~3,000 kWh by 2040

• Electricity requirement in India is expected to grow in tandem with GDP

• Energy requirement and Peak load to rise at growth a healthy pace

• Both peak load demand and energy requirement are expected to rise at a healthy pace

Increasing Per Capita Consumption (kWh/Year)

Projected Energy requirement & Peak Load

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(kWh/Year) (BUs) (GW)
3,500 448 500
3,000 450
3,000 370
400
2,500 299 350
300
2,000
190 250
957 1,010 [1,075] [1,122] [1,149] [1,181] [1,208] 1,500 2,531 3,049 200
1,000 2,047 150
1,276 100
500
50
- 0
FY14 FY15 FY16 FY17 FY18 FY19 FY20 2040P FY21 FY27P FY32P FY37P
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With every Indian now having access to electricity power sector is poised for Long-term Growth

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Decade of Transformation Begins…

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FY21 FY30 Installed Capacity ~382 GW ~817 GW Generation (in BUs) ~1,382 BUs ~2,518 BUs Peak Load Demand ~190 GW ~340 GW Per Capita Consumption ~ 1,208 kWh ~2,100 kWh Renewable Capacity ~94 GW ~435 GW Coal Requirement ~650 MT ~892 MT A wave of new reforms - In the form of revised tariff policy & smart prepaid metering Source: NITI Aayog, MOP, CEA, NTPC

Our Key Growth Pointers

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1 2 3 4
Huge Leading Captive Acquisitions,
Capacity India’s Push Coal Diversification
Addition Towards Production and New
Lined Up Green Energy for Fuel Avenues
Security
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Huge Capacity Addition Lined up

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Ensuring Land Water Coal Environment Clearances Availability Current development pipeline (in MW)

Investment PPAs Approval

1,30,000 + 66,885 46,051 17,064 Installed Capacity Under Construction Under feasibility & balance Total by 2032 Snapshot of Projects Under Construction

Fuel Mix	In MW		Coal Technology	In MW
Coal	11,800		Ultra Super Critical	4,000
Hydro	2,255		Super Critical	7,260
RE	3,009		Sub Critical	540
Total	17,064		Total	11,800

Group Mix	In MW
NTPC	8,560
Domestic JVs	7,184
International JV	1,320
Total	17,064

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Why to Invest in NTPC

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FY20 marked beginning of Reversal in CWIP ratio

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300000 PPE 160%
140%
250000
CWIP % of PPE & CWIP
120%
200000
100%
150000 80%
60%
100000
42% 42% 45% 39% 42% 40%
50000 32% 31% 30% 27% 24% 20%
0 0%
FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22E FY23E FY24E
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Expansion in Regulated Equity

Regulated Equity (₹ crore)

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FY24E
FY21 66,338
FY20 61,811
FY19 53,989
FY18 50,921
FY17 44,049
- 50,000 1,00,000 1,50,000
All financial figures on standalone basis.
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• FY20 marked beginning of Reversal in CWIP ratio and this will continue due to accelerated commercialization

• Fall in CWIP ratio will lead to ROE expansion as the equity blocked in CWIP starts earning

• Growth will continue and the turnaround from CWIP to PPE would be quicker in24 Renewable energy projects

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Captive Coal Production

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• NTPC Coal Mining ▪ Coal blocks with estimated geological reserves of about 5 BT Portfolio ▪

• Ultimate capacity of 71 Million Metric Tonnes of coal per annum when all mines reach their peak capacity

• NTPC has achieved a total coal production of 11 MMT during FY21

• ▪ Cumulative 32.36 MMT of coal has been produced till end of FY21 ▪ Mine declared commercial w.e.f. 1 April 2019 ▪ 7.07 MMT of coal produced in FY21 (FY20 : 9.42 MMT) ▪ Amidst COVID-19 pandemic stoppage of work for about 94 days in PB mine led to fall in production

Pakri Barwadih

Dulanga

• Dulanga ▪ Mine declared commercial w.e.f. 1 October 2020 ▪ 3.12 MMT of coal produced in FY21 (FY20 : 1.54 MMT) ▪ Coal production more than doubled in FY21 from Dulanga coal mine

• Talaipalli ▪ Contract awarded for start of mining operation ▪ Coal extraction commenced in Nov’19 ▪ 0.81 MMT of coal produced in FY21 (FY20 : 0.19 MMT)

• Other Highlights ▪ Cumulative expenditure of ₹ 6,998 Crore incurred till FY21 ▪ Coal extraction targeted to start in Kerandari & Chatti-Bariatu coal blocks from FY23

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Acquisitions & Diversification

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Acquisition of Power Assets

• Looking for acquisition of stressed power projects with good intrinsic value

• Acquisition of Jhabua Power Plant (under NCLT) in progress

• Studies and site visits under progress for ~4 GW capacity

Exploring other business opportunities

• Pilot project with complete value chain of Hydrogen being designed

• –

• Setting up Energy Intensive Industries at NTPC Power Stations Strategic blueprint and roadmap for Industrial park at Kudgi finalised

• Participating in RfP for privatization of discoms of UTs

• Exploring manufacturing of methanol from CO2 in NTPC plants

• Identification of green field and new hydro projects including PSP for development

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Waste to Energy Plants (WtE)

• JV with EDMC for setting up Integrated WtE project in East Delhi

• MOU signed between NTPC, IOC & SDMC for development of Plasma Gasification based WtE Pilot Plant at Okhla Landfill site

International Business

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• Construction activities of a 1320 MW project in Bangladesh are under progress

• Appointed as PMC for 1785 MW solar projects in Cuba, Mali, Malawi & Togo

• Collaborated for international business through signing of MOUs with EGENCO, Malawi, Inter RAO Exports of Russia, Bank Muscat of Oman and Masen of Morocco

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Operational Excellence

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Proven Operational Excellence

• Consistent double digit spread over National PLF during last 2 decades

Maintaining Leadership

• Group generation grows by 26% in Q1FY22 at 86 BUs

• NTPC Coal stations achieved PLF of 69.7% against All India PLF of 58.5%

• Sound maintenance practices & real-time monitoring ensure high availability and efficient operations

In-depth Monitoring

• Periodic structured technical audits carried out for all units for identifying and correction of gaps

Safety at Forefront

• Safety is integral to our working and we have renewed focus on safety

• We have upscaled our safety standards & inculcated complete safety culture

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84.1% 91.4% 93.7%
86.0% 87.1% 89.7%
78.6% 77.9% 76.7%
69.7%
68.2% 66.0%
60.7% 60.3%
59.9% 58.5%
55.9% 54.5%
2016-17 2017-18 2018-19 2019-20 2020-21 Q1 2021-22
NTPC AVF (DC) NTPC PLF All-India PLF
% for Coal Based Power Plants
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Sustaining Status of Competitive Power Producer

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Payment Security

• Regulatory mechanism assures Returns balancing risks and rewards

• ▪ TPA agreements in addition to payment security through LC mechanism ▪ Highest ever realization of more than ₹ 1 Lakh crore

Regulations2019-24

• ROE remains unchanged at 15.50%

• 85 kcal allowed on account of loss of coal GCV

• Security expenses excluded from normative O&M expenses

• Recognition of cost impact for meeting environment norms

• Time and cost over runs due to land classified as an NTPC Tariff acquisition

• “uncontrollable factor”

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Sustaining
3.90
3.77 3.73 Rs./kWh
Competitive 3.30 3.23 3.39
Tariff
2.23
2.01 1.95 2.11 2.05 2.08
1.67 1.72 1.65
1.29 1.28 1.28
2016-17 2017-18 2018-19 2019-20 2020-21 Q1 2021-22
Average Tariff Fuel Charges Fixed Charges
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Long-term Fuel Security - Assured Coal Supply

▪ NTPC through sustained policy advocacy has signed a Supplementary Agreement with aggregation of ACQ (Annual Contracted Quantity) on CIL subsidiary level basis resulting in:

Single ACQ

• ✓ Optimum utilization of coal leading to reduction in ECR ✓ Avoidance of loss of fixed charges due to coal shortage ✓ More efficient outage planning/stock management of power plants

Long-term FSAs

▪ Long term Fuel Supply Agreements (FSAs) have been signed with CIL and SCCL for supply of coal for total ACQ of ~178 MTPA

Ensuring Logistics

▪ 60% of our coal-based capacity is linked by MGR/belt conveyor system to coal mines

Assured Coal Supply 91% ACQ materialization during Q1FY22

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ACQ Non-ACQ Imported
(in MMT)
152.2 156.4 160.5 155.2 151.3
40.2
7.2 1.0 11.8 0.3 14.6 1.0 16.8 2.8 17.9 1.1 5.6 0.5
2016-17 2017-18 2018-19 2019-20 2020-21 Q1 2021-22
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Competent Manpower driven by Strong Management

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NTPC HR Vision

To enable our people to be a family of committed world class professionals, making NTPC a learning organization

Leading to Consistent Improvement in Productivity of Manpower

Per Employee	2020-21	2019-20	2018-19
72 Revenue (₹in crore)	6.16	5.78	5.02
% EBITDA (₹in crore)	1.97	1.72	1.34
55 % Value Added (₹in crore)	2.56	2.16	1.83
31 % Generation (in MUs)	16.13	14.92	14.95
55 MAN-MW Ratio	0.32	0.35	0.39
~~%~~

• Proud of Building a High-Trust, High-Performance Culture

• Only PSU to consistently feature in Top 50 Best Companies to work for in India

• Bagged Corporate Wellness organisation of the year award

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Robust Financials

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Growing Revenue with Robust Margins

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Amount in ₹ Crore

Particulars (Standalone)	FY21	FY20	Chg. (in %)	Q1FY22	Q1FY21	Chg. (in %)
Revenue from Operations	99207	97700	2%	26039	23453	11%
Fuel & Energy Purchased	55881	57018	-2%	14920	12369	21%
Gross Profit	43326	40682	6%	11119	11084	0%
Gross Margin	44%	42%		43%	47%
Other Income	4346	2778	56%	764	568	35%
Operating Expenses	14522	13589	7%	3680	3339	10%
EBITDA	33149	29871	11%	8203	8313	-1%
EBITDA Margin	32%	30%		31%	35%
Depreciation	10412	8623	21%	2675	2530	6%
Finance Cost	7459	6782	10%	1989	2083	-5%
PBT (incl. exceptional item)	13916	14466	-4%	3539	2898	22%
Tax	1925	9182	-79%	1181	1230	-4%
Movement in Reg. Def. Bal.	1779	4829	-63%	787	803	-2%
Profit for the period	13770	10113	36%	3146	2470	27%
Annualized EPS (in₹)	13.99	10.22	37%	3.24	2.50	30%

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Expanding Consolidated Financials

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Amount in ₹ Crore

Particulars (Group)	31.03.2021	31.03.2020	Change	Change (in %)
Share of profit of JVs	684	405	279	69%
Profit of subsidiaries	1,738	1,584	154	10%
Group Debt	1,94,243	1,84,073	10,170	6%
Group Net Worth	1,29,262	1,22,156	7,106	6%
Group Regulated Equity	84,252	77,233	7,019	9%
Group Revenue	1,15,547	1,12,373	3,174	3%
Group EBIDTA	37,990	34,445	3,545	10%
Group Profit	14,969	11,902	3,067	26%

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Strong Financials with Balanced Pay-outs

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Amount in ₹ Crore

						Amount in₹Crore
	Particulars (Standalone)	31.03.2021	31.03.2020	Change		Remarks
	Gross Fixed Assets	2,11,557	1,92,898		18,659
	CAPEX (for the period)	20,686	24,039	(3,353)
	Capital Work-in-Progress	75,344	73,067		2,277
	Debt	1,61,629	1,52,694	8,935
	Net Worth	1,18,985	1,13,569	5,416
	Weighted Avg. cost of debt	6.24%	6.81%	(0.57)%
	0% 10% 20% 30% 40% 50% 60% 70%

NTPC - A COMPELLING INVESTMENT

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Disclaimer

• This presentation is issued by NTPC Limited (the “Company”) for general information purposes only and does not constitute any recommendation or form part of any offer or invitation or inducement to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment thereof. This presentation does not solicit any action based on the material contained herein. Nothing in this presentation is intended by the Company to be construed as legal, accounting or tax advice

• This presentation has been prepared by the Company based upon information available in the public domain. This presentation has not been approved and will not be reviewed or approved by any statutory or regulatory authority in India or by any Stock Exchange in India.

• This presentation may include statements which may constitute forward-looking statements relating to the business, financial performance, strategy and results of the Company and/or the industry in which it operates. Forwardlooking statements are statements concerning future circumstances and results, and any other statements that are not historical facts, sometimes identified by the words "believes", "expects", "predicts", "intends", "projects", "plans", "estimates", "aims", "foresees", "anticipates", "targets", and similar expressions. The forward-looking statements, including those cited from third party sources, contained in this presentation are based on numerous assumptions and are uncertain and subject to risks. A multitude of factors including, but not limited to, changes in demand, competition and technology, can cause actual events, performance or results to differ significantly from any anticipated development. Neither the Company nor its Directors, Promoter, affiliates or advisors or representatives nor any of its or their parent or subsidiary undertakings or any such person's officers or employees gives any assurance that the assumptions underlying such forward-looking statements are free from errors nor do any of them accept any responsibility for the future accuracy of the forward-looking statements contained in this Presentation or the actual occurrence of the forecasted developments. Forward-looking statements speak only as of the date of this presentation. The Company expressly disclaims any obligation or undertaking to release any update or revisions to any forward-looking statements in this presentation as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward-looking statements are based.

• The information contained in these materials has not been independently verified. None of the Company, its Directors, Promoter or affiliates, nor any of its or their respective employees, advisers or representatives or any other person accepts any responsibility or liability whatsoever, whether arising in tort, contract or otherwise, for any errors, omissions or inaccuracies in such information or opinions or for any loss, cost or damage suffered or incurred howsoever arising, directly or indirectly, from any use of this document or its contents or otherwise in connection with this document, and makes no representation or warranty, express or implied, for the contents of this document including its accuracy, fairness, completeness or verification or for any other statement made or purported to be made by or on behalf of any of them, and nothing in this document may be relied upon as a promise or representation in any respect. Past performance is not a guide for future performance. The information contained in this presentation is current and, if not stated otherwise, made as of the date of this presentation. The Company undertakes no obligation to update or revise any information in this presentation as a result of new information, future events or otherwise. Any person or party intending to provide finance or to invest in the securities or businesses of the Company should do so after seeking their own professional advice and after carrying out their own due diligence and conducting their own analysis of the Company and its market position.

• This presentation is strictly confidential and may not be copied or disseminated, in whole or in part, and in any manner or for any purpose. No person is authorized to give any information or to make any representation not contained in or inconsistent with this presentation and if given or made, such information or representation must not be relied upon as having been authorized by any person. Failure to comply with this restriction may constitute a violation of applicable securities laws. Neither this document nor any part or copy of it may be distributed, directly or indirectly, or published in the United States. The distribution of this document in other jurisdictions may be restricted by law and persons in to whose possession this presentation comes should inform themselves about and observe any such restrictions. By reviewing this presentation, you agree to be bound by the foregoing limitations. You further represent and agree that (i) you are located outside the United States and you are permitted under the laws of your jurisdiction to receive this presentation or (ii) you are located in the United States and are a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).

• This presentation is not an offer to sell or a solicitation of any offer to buy the securities of the Company in the United States or in any other jurisdiction where such offer or sale would be unlawful. Securities may not be offered, sold, resold, pledged, delivered, distributed or transferred, directly or indirectly, into or within the United States absent registration under the Securities Act, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with the applicable securities laws of any state or other jurisdiction of the United States.

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Thank You
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