1 Investor Presentation December 2014
Corporate Structure Jaiprakash Associates Limited (JAL) p ( ) E&C Cement – 19.45 MTPA Listed company Real Estate & Hospitality BOO Power Infrastructure Cement 60.72% Jaiprakash Power Ventures Ltd (JPVL) Jaiprakash Power Ventures Ltd (JPVL) Jaypee Infratech Limited 400 MW Vishnuprayag HEP # (JIL) # 500 MW Bina TPP # Bhilai SAIL JV 74% 165 Km long expressway 1,320 MW Nigrie TPP (UI) $ 2.2 MTPA # 71.64% with 443 mn sq ft Real Estate Development p (Yamuna Expressway) Himachal Baspa Power Co. Ltd. @ Jaypee Cement 100% 300 MW Baspa – II HEP # 99% Himalayan Expressway Corporation Limited 1000 MW Karcham Wangtoo HEP # Limited # 100% Balaji Cement j (NHAI BOOT P (NHAI BOOT Project) j t) (5 MTPA) # Prayagraj Power Generation Co. Ltd.(1) (1) 86% 1980 MW Bara TPP – 1980 MW (UI)* Jaypee Sports Int’l Limited. 100% (Formula-1) # Jaypee Powergrid Limited 74% 74% 214 KM Long Transmission System # 214 KM Long Transmission System # Jaypee Fertilizers & 3 SPVs for executing an aggregate capacity of Industries Limited (JFIL) # 100% 5900 MW (Fertilizer Plant at Kanpur) $ 660 MW Unit-I COD on 3rd Sept, ‘14 @ Projects under transfer to new entities through Scheme of Arrangement Projects where disinvestment recently announced * UI - Under Implementation (1) (1) JAL has a right to subscribe up to 26% equity in this project # In Operation Market Cap. (02 nd Dec’ 14) – JAL INR 72.37 Bn (USD 1.21 Bn); JPVL INR 38.14 Bn (USD 0.64 Bn) ; JIL INR 28.96 Bn (USD 0.48 Bn) 2
Jaypee Group Disinvestment Program (in Rs Cr) (US$ Mn) Disinvestment Disinvestment Assets for Assets for Amount Disinvestment Gujarat Cement Plant; Upto Mar '14 6,180 (1,066) Completed Bokaro Cement JV Bokaro Cement JV, 2 Cement Plants; Upto Mar '15 15,000 (2,586) 2 Hydro Plants* 21,180 (3,651) 1 US$ = INR 58 * Completed 3
Group Disinvestment recently announced (in Rs Cr) (US$ Mn) 100% in Bulk Sales 74% in 2.1 100% in 1.50 100% in 2 Bulk Sales 74% in 2.1 100% in 2 4.8 MTPA MTPA Total in Land MTPA Himachal Gujarat Panipat Disinvestments Parcel 3 Bokaro Hydro Cement Grinding as of Date (JIL) ( ) Cement JV Plants Pl Plant t Pl Plant t 1,800 1,800 1,529 1,529 690 690 360 360 3,839 3,839 8,218 8,218 Cash Inflow C h I fl (310) (264) (119) (62) (662) (1,417) D bt Debt 2 000 2,000 161 161 5,861 8,022 ‐ ‐ Reduction (1,010) (1,383) (345) (28) Enterprise 3,800 1,529 851 360 9,700 16,240 Value of (655) (264) (147) (62) (1,672) (2,800) Transaction Transaction 1 US$ = INR 58 4 Transaction Completed
Group at a glance – Post Disinvestment Jaypee Group is a leading integrated infrastructure conglomerate in India with exposure to the power generation, cement, construction and real estate sectors Real Estate Real Estate Power ( ~ 4 8 0 Mn Sq Ft) * ( 4 2 0 0 MW ) 6 3 % in NCR 342 Mn Sq Ft at JIL ( 4 9 % i.e., 1 6 7 Mn Sq Ft in NCR) 400 MW Vishnuprayag # 123 Mn Sq Ft at JPSI ( 1 0 0 % in NCR) 2x250 MW at Bina # 2x660 MW at Nigrie with dedicated coal blocks^ 14 Mn Sq Ft at JAL ( 1 0 0 % in NCR) 3x660 MW Bara Project @ Jaypee yp Group Jaypee Group Other Assets & Business Cement 165 KM Yamuna Expressway connecting Noida to Agra # 165 KM Yamuna Expressway connecting Noida to Agra ( 2 6 6 5 MTPA) ( 2 6 .6 5 MTPA) Zirakpur Parwanoo Expressway # 0.7 MTPA Gas based Fertililizer Plant at Kanpur # F-1 Track at JPSI, Greater Noida # 19.45 MTPA at JAL (standalone) EPC Business [Order Book: INR 31,335 Mn (external); 5.0 MTPA at JCCL # Real Estate Development of 107 Mn Sq Ft (internal)] 2 2 MTPA at Bhilai JV # 2.2 MTPA at Bhilai JV # 5 Hotels with 859 Rooms # @ UI - Under Implementation to be commissioned between April15 to Oct’15 ^Unit I(660 MW) commissioned on 3rd Sept’ 14, Unit II expected to be commissioned by Jan’ 15 # In Operation 5 * Excludes 115 Mn Sq Sold at group level with Sales Value of INR 332 Bn & Collection of INR 236 Bn
1. Infrastructure and Real Estate a) ) Leading Infrastructure Company in India g y b) Participated in the Development of approx. 25% of India’s Installed Hydro Electric Capacity. c) 165 km Expressway connecting Noida to Agra with Real Estate Development along the expressway 6
The Leading Infrastructure Company in India g p y � PROUD TO � PROUD TO Baghalihar II Baghalihar II Mangdechhu PARTICIPATE IN: PARTICIPATE IN: 450MW 720MW Jaypee Greens Punatsangchhu-II � Largest Concrete Dam � Largest Concrete Dam Real Estate 1020MW in India – Sardar in India – Sardar in India – Sardar in India – Sardar • BHUTAN Sarovar Sarovar � Largest Rockfill Dam � Largest Rockfill Dam in India in India in India – Tehri in India – Tehri Tehri Tehri Sardar Sarovar 1,450MW � Largest Underground � Largest Underground Bara – Thermal Power 3300MW (5x660MW) Powerhouse in India– Powerhouse in India– Naptha-Jhakri Naptha-Jhakri Nigrie– Thermal Power 1320MW (2X660MW) E&C Projects � Second Largest � Second Largest Alimineti Madhava under Reddy Project (51 Km Long Tunnel) Surface Powerhouse Surface Powerhouse execution in India – Indira-Sagar in India – Indira-Sagar Roads & Real Estate Thermal Power PARTICIPATION ON EPC/CONTRACT/BOO BASIS TO ADD 9,840 MW TO THE NATION BETWEEN 2002-2011 7
Jaypee Infratech – Unique Balance of Toll & Real Estate yp q INFRASTRUCTURE COMPANY WITH BALANCE OF TOLL & REAL ESTATE REVENUES Jaiprakash Associates Ltd. 71.64% J Jaypee Infratech Limited I f t h Li it d Real Estate Development Real Estate Development Expressway along Yamuna Expressway # Development of Noida (NCR) – 1,235 Acres * Expressway On BOOT Expressway On BOOT Basis (165 km Yamuna Jaganpur (NCR) – 1,235 Acres Expressway) Mirzapur (NCR) – 1,235 Acres Mirzapur (NCR) 1,235 Acres Tappal – 1,235 Acres Agra – 1,235 Acres Listed companies * JIL has sold/ sub-leased 349 acres of the Noida land and plans to develop the remaining 885 acres 8 # As of Sept 30, 2014, JIL had signed lease deeds and taken possession of approximately 6,072 acres (98.3%) for Real Estate Development
Strategic Location – Most of the Real Estate is in and around the National Capital Region of Delhi p g JP Township 2 JP Township 1 (500 Hectares) (500 Hectares) Night Safari (100 Hectares) SDZ Sports City (1000 Hectares) Yamuna Expressway Development including formula 1 Area (2500 Hectares) track and cricket stadium Taj Economic Zone (1500 Hectares) JP Township 3 (500 Hectares) JP Township 4 (500 Hectares) JP Township 5 (500 Hectares) NCR – National Capital Region Start and end points of Yamuna Expressway project developed by Jaypee Infratech
Amongst the Largest Land Bank in NCR* EXTENDABLE METRO LINK (16 KM) M M M M PROPOSED JAYPEE GREENS MIRZAPUR JAYPEE GREENS NIGHT NIGHT - DIST. GAUTAM BUDH S G G.NOIDA (182 Ha) SAFARI NAGAR Ch 15 km Ch 52 Ch 50 (500 Ha) Ch 36 Ch 45 Ch 20 Ch 25 Ch 30 Ch 10 5 km km km km km km km km 3 ZERO POINT (0 KM) (0 KM) Ch 35 17 (29 KM) M 115 km 4 6 km km JAYPEE 2 XPWAY JAYPEE GREENS JAYPEE SPORTS INTL M GREENS AGRA - DIST. GAUTAM DIST. GAUTAM m NCE: 14 km TAPPAL TAPPAL A BY YEAR 20 TER NOIDA EX JAYPEE GREENS (500 Ha) BUDH NAGAR (500 Ha) JAGANPUR - DIST. (1000 Ha) GAUTAM BUDH M NAGAR JAYPEE (500 Ha) GREENS - AMAN REATER NOIDA NOIDA-GREAT PROPOSED EASTERN DISTA M PERIPHERAL EXPRESSWAY NCR BOUNDARY 165 km 6 LANE M YAMUNA 1 JAYPEE GREENS EXPRESSWAY NOIDA RO LINK TO GR LAND PARCEL M (500 Ha) M METR NOIDA * NCR – National Capital Region New Delhi 10 Real Estate under development MAP NOT TO SCALE
Jaypee Infratech – Financial Performance All figures in INR Mn (US$ Mn) ANNUAL HALF YEAR For the Half Year For the Year Ended For the Year Ended For the Year Ended Particulars Ended March 31, 2012 March 31, 2013 March 31, 2014 Sept 30 2014 Sept 30, 2014 31,559 32,743 33,187 15,612 Revenue (544) (544) (564) (564) (572) (572) (269) (269) 16,492 14,946 13,159 6,573 EBITDA (284) (258) (227) (113) Net 12,897 6,945 2,992* 1,619 Profit/(Loss) (258) (139) (52) (28) after tax* after tax EPS (Rs.)* 9.29 5.00 2.15 1.17 � * After commencement of commercial operations of the Yamuna Expressway with effect from 7 th August ‘12, interest is being charged to the Statement of Profit and Loss. Hence PAT & EPS for the year are not comparable with the previous year. � Infrastructure Company eligible for tax benefits on both - Toll Income and Real Estate Revenues for a period of 10 years. 11 Jaypee Infratech has declared dividend of 12.5% in FY11 & 10% dividend each in FY’12 and FY’13 FX: 1US$ = INR58
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