Jaiprakash Associates Limited p Investor Presentation JUNE 2012 1
Disclaimer This presentation contains statements that constitute “forward looking statements” including, without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to the Company’s future business developments and economic performance. All statements l ti t th C ’ f t b i d l t d i f All t t t regarding the expected financial condition and results of operations, business, plans and prospects of the Company are forward-looking statements. These forward-looking statements include statements as to the Company’s business strategy, the Company’s revenue and profitability, planned projects and other matters discussed in this presentation regarding matters that are not historical fact. These forward-looking statements and any p g g g y other projections contained in this presentation (whether made by the Company or any third party) involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements or other performance or achievements expressed or implied by such forward-looking statements or other projections. The Company undertakes no obligation to publicly update or revise any of the opinions or forward The Company undertakes no obligation to publicly update or revise any of the opinions or forward looking statements expressed in this presentation as a result of new information, future events or otherwise. 2
1 1. Company Overview Company Overview 3
� � � � � � � � Jaypee Group at a Glance yp p Jaypee Group is a leading integrated infrastructure conglomerate in India with exposure to the power generation, cement, construction and real estate sectors � Largest Private � JAL has participated in projects that have added Hydropower 8840 MW to the national grid Group between 2002 and 2009 1700MW operational 3920MW under various stages of development Power Generation Engineering & Thermal Power Construction 2x250 MW at Bina (Scheduled commissioning 2012) 2x660 MW at Nigrie with captive coal 2x660 MW at Nigrie with captive coal 3x660 MW Bara Project 2x660 MW Karchana Project � 3rd Largest g � 165 km Yamuna Cement Group Expressway with 33.3 MTPA (Noida to Agra) capacity operational & 35.9 � Real Estate Development � Real Estate Development MTPA by FY 2013 MTPA by FY 2013 Cement Real Estate & Yamuna expressway: Expressways 530 Mn. Sq feet expected to be developed 33 3 MTPA capacity in operation 33.3 MTPA capacity in operation 4
Corporate Structure Jaiprakash Associates Limited (JAL) p ( ) E&C Cement – 31.6 MTPA Listed company Real Estate & Hospitality BOO Power Infrastructure Cement 67.9% Jaiprakash Power Ventures Ltd (JPVL) Jaiprakash Power Ventures Ltd (JPVL) Jaypee Infratech Limited Cement JVs 300 MW Baspa – II HEP # (JIL) (4.3 MTPA) 400 MW Vishnuprayag HEP # 165 Km long expressway 83.1% with 530 mn sq ft Real 1,000 MW Karcham Wangtoo HEP # Estate Development p Coal Mining Coal Mining 1 320 MW Nigrie TPP (UI)* 1,320 MW Nigrie TPP (UI) (Yamuna Expressway) (Cement) 1200 MW Bina TPP (500 MW UI)* Mandla (N) - JAL Mandla (S) – JV of Prayagraj Power Generation Co. Ltd (1) Himalayan Expressway JAL & MPSMCL 100% 3,300 MW Bara TPP - 1980 MW (UI*) 100% Limited (NHAI BOOT Project) (NHAI BOOT P j t) Sangam Power Generation Co. Ltd. (1) 100% Coal Mining (Power) 1,980 MW Karchana TPP JVs of JAL & Jaypee Sports Int’l Limited . MPSMCL 90.5% Jaypee Arunachal Power Ltd. (Formula-1) (For Nigrie Thermal) 89% 2,700 MW Lower Siang HEP , g 500 MW Hirong HEP Jaypee Fertilizer s & Jaypee Meghalaya Power Ltd 100% Industries Limited (JFIL) 450 MW Kynshi – II HEP 74% (Fertilizer Plant at Kanpur) 270 MW Umngot - I HEP Jaypee Powergrid Limited 74% * UI - Under Implementation 214 KM Long Transmission System # In Operation (1) JAL has the right to subscribe up to 26% equity in this project. Market Cap. (30 Apr’12) – JAL INR 158.74 Bn (USD 3.17Bn); JPVL INR 105.91 Bn (USD 2.11 Bn) ); JIL INR 64.17 Bn (USD 1.28Bn) 5
2. Infrastructure and Real Estate a) Leading Infrastructure Company in India b) 54% share in 10th Five year plan Hydropower P Projects j t c) 165 km Expressway connecting Noida to Agra with 530 Million sq feet Real Estate Development 530 Million sq feet Real Estate Development d) Buddh International Circuit is India’s First Formula-1 Circuit (First Race successfully hosted on 30 th Oct 2011) (First Race successfully hosted on 30 th Oct, 2011) 6
The Leading Infrastructure Company in India g p y Zirakpur-Parwanoo � PROUD TO � PROUD TO Toll road- 27 km Baghalihar II Baghalihar II Yamuna Expressway Mangdechhu PARTICIPATE IN: PARTICIPATE IN: 450MW 165 km 720MW Jaypee Greens Punatsangchhu-II � Largest Concrete Dam � Largest Concrete Dam Real Estate 990MW in India – Sardar in India – Sardar in India – Sardar in India – Sardar Sarovar Sarovar • BHUTAN � Largest Rockfill Dam � Largest Rockfill Dam in India – Tehri in India – Tehri in India in India Tehri Tehri Sardar Sarovar 1,450MW � Largest Underground � Largest Underground Bara – Thermal Power 3300MW (5x660MW) Powerhouse in India– Powerhouse in India– Bina Thermal Power N N Naptha-Jhakri Naptha-Jhakri h h Jh k i Jh k i Nigrie– Thermal Power 1250 MW 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. 83.1% J Jaypee Infratech Limited I f t h Li it d Real Estate Development Real Estate Development Expressway along Yamuna Expressway # Noida (NCR) – 1,235 Acres * Development of Expressway On BOOT Basis (165 km O BOOT B i (165 k Yamuna Expressway) Jaganpur (NCR) – 1,235 Acres 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 Mar 31, 2012, JIL had signed lease deeds and taken possession of approximately 6,043 acres (98.0%) for Real Estate Development
Yamuna Expressway Project PROPOSED JAYPEE GREENS PROPOSED INTERNATIONAL JAYPEE GREENS MIRZAPUR - SDZ NIGHT AIRPORT (2314 Ha) G.NOIDA (182 Ha) DIST. GAUTAM BUDH NAGAR Ch 52 km Ch 50 km SAFARI (500 Ha) h 40 km h 45 km 20 km 15 km 25 km 30 km 10 km 5 115 km 3 3 C Ch 1 Ch Ch C Ch Ch Ch Ch Ch 5km ZERO POINT (0 KM) 35 km M 4 4 6 k 6 km Ch 2 JAYPEE GREENS JAYPEE GREENS JAYPEE SPORTS INT’L AGRA TAPPAL - DIST. GAUTAM BUDH PROPOSED 4 km (500 Ha) (500 Ha) NAGAR METRO LINK JAYPEE GREENS (1000 Ha) JAGANPUR - DIST. STANCE: 14 GAUTAM BUDH NAGAR JAYPEE (500 Ha) GREENS - 165 km 6 LANE YAMUNA AMAN EXPRESSWAY PROPOSED EASTERN PERIPHERAL EXPRESSWAY DIS NCR NCR PROPOSED BOUNDARY M TER NOIDA METRO LINK SWAY Total Developable Developable Area JAYPEE GREENS Company/ Location Area in NCR NOIDA EXPRESS NOIDA-GREAT LAND PARCEL JAL – Greater Noida 8 Mn Sq ft 8 Mn Sq ft (500 Ha) 1 JAL - Noida 24.3 Mn Sq ft 24.3 Mn Sq ft MAP NOT TO SCALE Jaypee Infratech 530 Mn Sq ft 311 Mn Sq ft Jaypee Sports Int’l. 133.4 Mn Sq ft 133.4 Mn Sq ft GRAND TOTAL 695 Mn Sq ft 477 Mn Sq ft Real Estate under development 9
Yamuna Expressway – Project Cost & Funding p y j g All figures in INR Crs (US$ Mn) Description Total Incurred till Mar 2012 13,300 (2,660) (A) Project Cost 12,534** (2,507) (B) Funding Equity from Promoters and Others Equity from Promoters and Others 1 250 (250) 1,250 (250) 1 250 (250) 1,250 (250) IPO proceeds* 1,500 (300) 1,000 (200) Accruals from real estate development 4,550 (910) 3,685 (737) incl. advances & sales of land Debt 6,000 (1,200) 6,000 (1,200) Total Total 13 300 (2 660) 13,300 (2,660) 12 534** (2 507) 12,534** (2,507) *IPO of Jaypee Infratech Ltd. successfully completed in May 2010. Total proceeds raised by Jaypee Infratech Ltd.– INR 1,650 Crs (US$ 330 Mn) 10 ** Includes Rs 599 Cr (USD 120 Mn) of outstanding liabilities FX: 1US$ = INR 50
Jaypee Infratech – Financial Performance All figures in INR Mn (US$ Mn) ANNUAL For the Year Ended For the Year Ended For the Year Ended Particulars March 31, 2010 March 31, 2011 March 31, 2012 Revenue 6,529 (131) 27,787 (556) 31,559 (631) EBITDA 6,035 (121) 18,110 (362) 16,492 (330) Net Profit/(Loss) after tax 4,875 (98) 14,351 (287) 12,897 (258) EPS (Rs.) ( ) 4.33 10.48 9.29 FX: 1US$ = INR50 Income Tax Benefit under section 80 (I) – A Income Tax Benefit under section 80 (I) A Infrastructure Company enjoying these benefits on both - Toll Income and Real Estate Revenues for a period of 10 years. Jaypee Infratech has declared dividend of 12.5% in FY11 & 10% dividend in FY’12 (5% interim & 5% final) 11
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