Orient Green Power Co. Ltd. Investor Presentation Aug 2014 - PowerPoint PPT Presentation

Orient Green Power Co. Ltd. Investor Presentation Aug 2014

Disclaimer This presentation is strictly confidential and may not be copied, published, distributed or transmitted. The information in this presentation is being provided by Orient Green Power Company Ltd. (also referred to as ‘OGPL’ or ‘Company’) . By attending a meeting where this presentation is made, or by reading this presentation material, you agree to be bound by following limitations: The information in this presentation has been prepared for use in presentations by OGPL for information purposes only and does not constitute, or should be regarded as, or form part of any offer, invitation, inducement or advertisement to sell or issue, or any solicitation or any offer to purchase or subscribe for, any securities of the Company in any jurisdiction, including the United States and India, nor shall it, or the fact of its distribution form the basis of, or be relied on in connection with, any investment decision or any contract or commitment to purchase or subscribe for any securities of the Company in any jurisdiction, including the United States and India. This presentation does not constitute a recommendation by the Company or any other party to sell or buy any securities of the Company. This presentation and its contents are not and should not be construed as a prospectus or an offer document, including as defined under the Companies Act, 2013, to the extent notified and in force) or an offer document under the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 as amended). This presentation and its contents are strictly confidential to the recipient and should not be further distributed, re-transmitted, published or reproduced, in whole or in part, or disclosed by recipients directly or indirectly to any other person or press, for any purposes. In particular, this presentation is not for publication or distribution or release in any country where such distribution may lead to a breach of any law or regulatory requirement. No person is authorized to give any information or to make any representation not contained in or inconsistent with this presentation or and if given or made, such information or representation must not be relied upon as having been authorized by us. Receipt of this presentation constitutes an express agreement to be bound by such confidentiality and the other terms set out herein. Any failure to comply with this restriction may constitute a violation of applicable securities laws. This presentation and the information contained herein does not constitute or form part of any offer for sale or subscription of or solicitation or invitation of any offer to buy or subscribe for any securities of the Company, nor should it or any part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Neither OGPL nor any of its affiliates, advisors or representatives shall have any responsibility or liability whatsoever (for negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation. The information set out herein may be subject to updating, completion, revision, verification and amendment and such information may change materially. This presentation is based on the economic, regulatory, market and other conditions as in effect on the date hereof. It should be understood that subsequent developments may affect the information contained in this presentation, which neither OGPL nor its affiliates, advisors or representatives are under an obligation to update, revise or affirm. This presentation contains forward-looking statements based on the currently held beliefs and assumptions of the management of Orient Green Power Company Ltd., which are expressed in good faith and, in their opinion, reasonable. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance, or achievements of Orient Green Power Company Ltd. or industry results, to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward- looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding expansion plans and the benefits there from, fluctuations in our earnings, our ability to manage growth and implement strategies, intense competition in our business including those factors which may affect our cost advantage, costs of raw materials and equipment, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns, changes in technology, availability of financing, our ability to successfully complete and integrate our expansion plans, liabilities, political instability and general economic conditions affecting our industries. Unless otherwise indicated, the information contained herein is preliminary and indicative and is based on management information, current plans and estimates. Industry and market-related information is obtained or derived from industry publications and other sources and has not been verified by us. Given these risks, uncertainties and other factors, recipients of this document are cautioned not to place undue reliance on these forward-looking statements. Orient Green Power Company Limited disclaims any obligation to update these forward-looking statements to reflect future events or developments. This presentation is not an offer for sale of securities in the UNITED STATES or elsewhere. 1

Table of Contents Sections Particulars Page Nos. Section 1 Company Overview 3 Section 2 Business Overview 6 Section 3 Management Overview 16 Section 4 Financial Overview 18 Section 5 Industry Overview 20 2

Section 1: Company Overview 3

OGPL: An Independent Power Producer of Renewable Assets Company Overview Diversified Shareholding (June 2014) Others,  Formed in 2006, Orient Green Power Co. Ltd. (OGPL) is an Indian 16.0% independent developer of renewable energy power plants (market Domestic Institutional capitalization as on 28 th August 2014 is INR 7,782 million) Investor, Orient 5.7%  OGPL is promoted by the Shriram Group, which has diversified interests Green in financial and non - financial businesses. It is backed by global private Power Pte Foreign Ltd.*, 46.1% equity funds Bessemer Venture Partners and an affiliate of Olympus Institutional Capital Investor, 3.3%  The Company’s portfolio stood at 510.3 MW as of 31 st July 2014 (424.3 Shriram MW (1) of wind energy and 86.0 MW of biomass projects). Further, it has Industrial 87.7 MW at various stages of development Holdings Ltd., 28.9%  It has grown following its dual strategy of inorganic acquisitions as well as * Shriram Industrial Holdings Ltd. owns 37.7%, Bessemer Venture owns 37.7% and greenfield development of assets Olympus owns 24.6% in Orient Green Power Pte. Ltd. Source: BSE, Company Portfolio Composition: State-wise Consistent Record Of Capacity Expansion Wind Portfolio Biomass Portfolio MW 700 Revenue Revenue State Capacity Capacity Model Model 600 510 Tamil Nadu Group Group Captive, 314.1 MW 32.5 MW (TN) Captive Merchant 500 86 400 Andhra Pradesh 378 69.2 MW 7.5 MW PPA Merchant 400 (AP) / Telangana 61 61 Rajasthan 34.0 MW PPA 300 - - (RJ) 220 Gujarat 424 200 41 29.2 MW PPA - - 339 (GJ) 317 100 Maharashtra 180 2.0 MW - - Merchant (MH) 0 Madhya Pradesh - 10.0 MW - PPA Mar-11 Mar-12 Mar-13 Mar-14 (MP) (1) 424.3 MW Wind Biomass Total 86.0 MW Note(s): 4 1. Includes commissioned wind assets in Croatia of 10.5 MW and in Karnataka (KA) of 1.25 MW

Business Structure (Indian Operations) Wind (4) Biomass Acquired / Developed Wind Greenfield Wind Portfolio (299.2 MW) Portfolio (182.4 MW) 72.3% (5) 69.9% (5) 74.0% (5) Beta – Commissioned Commissioned Bharath Gamma (86.0 MW) (231.5 MW) TN TN & GJ (1) AP (32.5 MW) (26.0 MW) (61.8 MW) RJ (34.0 MW) TN AP GJ KA Clarion (161.8 MW) (43.2 MW) (25.2 MW) (1.3 MW) MP COD between COD by Sep COD between COD in Sep (10.0 MW) TN Jul 2011 – Jul Jun 2013 – Mar 2013 2011 (94.5 MW) 2013 2014 Telangana COD between 1994 – 2011 (7.5 MW) Acquired / Developed by MH OGPL between 2001-2012 (2.0 MW) Under- Beta - Under-Construction / Under-Development Construction (67.7 MW) (20.0 MW) MH AP (2) TN MP (2) (20.0 MW) (50.7 MW) (3.0 MW) (14.0 MW) COD in CY COD by Sep COD in CY 2015 (3) 2014 (3) 2015 (3) Note(s): 1. 4 MW project in GJ is a greenfield project 2. Includes projects under-development of 43.5 MW in AP and entire 14.0 MW in MP 5 3. Dates are merely indicative based on current assumptions and projections and are subject to change In addition to its Indian operations, OGPL has commissioned wind assets in Croatia of 10.5 MW, where the company’s shareholdi ng is 51%; 5. OGPL’s shareholding in the SPV 4.

Section 2: Business Overview 6