CONFIDENTIAL Presentation by Jaiprakash Associates Limited CONFIDENTIAL | February 2008 0
CONFIDENTIAL 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 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 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 projections. 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. Exchange Rate: 1 USD = 40 INR 1
2 1. Company Overview CONFIDENTIAL
CONFIDENTIAL Jaypee Group At A Glance “To strive for excellence in every activity we undertake as we contribute in nation building “To strive for excellence in every activity we undertake as we contribute in nation building through our participation in infrastructure sector of the country utilizing resources through our participation in infrastructure sector of the country utilizing resources optimally, while growing with human face.” optimally, while growing with human face.” � Largest Private Hydropower � 54.3% participation in 10 th Group Five year plan � 700MW operational � Current Order � 1000MW in execution (H.P.) � 2525 MW in Arunachal (MoA) Power Engineering & Book: US$ 3.09 Bn. � 720 MW in Meghalaya (MoA) Generation Construction - 7.2x FY07 E&C � Thermal Power Revenue � (2X500MW) at Sidhi (M.P.) under dev. … … � 160 km Taj 3 rd Largest Expressway from Noida to Agra Cement Group � 1,047 km Ganga by 2010 with 25 Expressway Real Estate & Cement MTPA capacity from Noida to Ballia Expressways � Real Estate Development 7 million tpa capacity - Taj expressway: 400 Mn. sq feet - Ganga expressway: Approx. 3.3 Bn. sq feet 3
CONFIDENTIAL Corporate Structure Jaiprakash Associates Limited Engineering, Engineering, Cement $ Construction Cement $ Construction (“JAL”) & Real Estate & Real Estate $ Installed Capacity-19.5 MTPA BOO Infrastructure & BOO Infrastructure & Coal Mining Cement Coal Mining Cement Power Hospitality Power Hospitality Jaiprakash Hydro 63.3% Jaypee Hotels 72% Subsidiaries & Joint Ventures 300 Power Limited Limited Joint Ventures with State Govt. MW (Baspa-II Project) For 1000 MW 11 MTPA 74% Transmission Thermal Power subsidiary - Jaypee 100% PGCIL Infratech Jaiprakash Power 80.56% Limited # 400 Ventures Limited # TAJ EXPRESSWAY (Vishnuprayag MW PROJECT Project) Himalayan 100% 100% Jaypee Karcham Expressway 1000 Hydro Co. Limited Limited (Karcham Wangtoo MW Project) Market Cap. (4 Jan.’08) - JHPL: INR 6,731Crs (US$ 1.68 Bn.); JHL: INR 1405 Crs (US$ 351 Mn.) Market Cap. (4 Jan.’08) - JHPL: INR 6,731Crs (US$ 1.68 Bn.); JHL: INR 1405 Crs (US$ 351 Mn.) 4
5 2. Strong Financial Profile CONFIDENTIAL
CONFIDENTIAL Strong Financial Performance – FY 2007-08 (Apr-Dec) Rs. in Crs (USD in Mn) FY06 FY07 Change FY07 FY08 Change Details in % (Apr- (Apr- in % Dec) Dec) Gross Revenue 3307 3594 8.7% 2662 2928 10% (827) (898) (665) (732) EBITDA 794 1040 31% 747 922 24% (198) (260) (187) (230) PBT 404 620 53% 434 538 24% (101) (155) (108) (134) PAT 279 415 49% 284 399 40% (70) (104) (71) (100) EPS (Rs) 13.61 19.10 40% 2.62* 3.59* 37% *On Equity Shares with a face value of Rs 2 each Dividend Income from Hydropower Subsidiaries FY 2007 FY2008 Dividend Declared BY JHPL 7.5% - Dividend Declared BY JPVL 7% # 12% Amount recd by JAL from JPVL Rs 810 Million Amount recd by JAL from JHPL Rs 233 Million 6 # Received in FY 2008
CONFIDENTIAL Financial Highlights of FY-07 Results Gross Revenue (Rs. Crs.) EBITDA* (Rs. Crs.) Gross Revenue (Rs. Crs.) EBITDA* (Rs. Crs.) 1,040 11.1% CAGR (FY05-FY07) 24% CAGR (FY05-FY07) 3,594 260 $ 794 3,307 898 $ 2,908 827 $ 676 198 $ 727 $ 169 $ FY05 FY06 FY07 FY05 FY06 FY07 EPS (Rs) PBT (Rs. Crs.) EPS (Rs) PBT (Rs. Crs.) 19.10 620 37.3% CAGR (FY05-FY07) 27.3% CAGR (FY05-FY07) 155 $ 404 13.61 329 101 $ 11.78 82 $ FY05 FY06 FY07 FY05 FY06 FY07 Market Capitalisation of Rs. 56,340 Crs (USD 14.1 Bn.) on 4 Jan. ’08 Market Capitalisation of Rs. 56,340 Crs (USD 14.1 Bn.) on 4 Jan. ’08 7 $ Figures in US $ Millions
CONFIDENTIAL JAL – Projections Revenue EBITDA PAT 3,793 14,771 2,005 (948) (3,692) (501) 133 133 7,149 1,739 3,594 1040 2,005 (898) (260) 415 7 7 (104) 7,489 1,921 643 1,865 415 1,721 389 2007 2012 2007 2012 2007 2012 Rs Crores E&C & Real Estate Cement Dividends (Mn USD) Additional Dividend Income of approx. Rs 150 Crores p.a. would commence accruing from FY 13 onwards 8
CONFIDENTIAL Continuously Creating Shareholder Value Shareholding Pattern (Jan 4 ‘08) Market Capitalisation (Rs. Crs) Shareholding Pattern (Jan 4 ‘08) Market Capitalisation (Rs. Crs) 141% 56,340 Public/PCB's ($ 14.08 Bn.) 17.85% CAGR for 3 Years-140% MF's/Banks 9.34% Promoters 44.98% 191% 10,083 74% ($ 2.5 Bn.) 3,454 FII's 1,985 ($ 863 Mn.) 25.94% ($ 496 Mn.) 1-Apr-04 1-Apr-05 1-Apr-06 4-Jan-08 • Number of Shares outstanding was 1160.231 Mn of Rs 2 each as of 4 January 2008 • FCCB-I Conversion at USD 97.94 Mn out of USD 100 Mn as of 12 January 2008 • FCCB-II Conversion at EURO 135.56 Mn out of EURO 165 Mn as of 12 January 2008 9 • FCCB-III Conversion at USD 4.5 Mn out of USD 400 Mn as of 12 January 2008
CONFIDENTIAL 3. Infrastructure and Real Estate a) Leading Infrastructure Company in India b) 54% share in 10th Five year plan Hydropower Projects c) 160 km Expressway connecting Noida to Agra with 400 Million sq feet Real Estate Development d) 1,047 km Expressway connecting Noida to Ballia with 3.3 Billion sq feet Real Estate Development 10
CONFIDENTIAL The Leading Infrastructure Company in India � PROUD TO Karcham-Wangtoo � PROUD TO 1,000MW PARTICIPATE IN: PARTICIPATE IN: Zirakpur-Parwanoo Toll road- 27 km � Largest Concrete Dam � Largest Concrete Dam Taj Expressway Baghalihar I & II in India – Sardar 160 km in India – Sardar 900MW Sarovar Sarovar Jaypee Greens Teesta V Real Estate 510MW N E � Largest Rockfill Dam � Largest Rockfill Dam P A L in India – Tehri in India – Tehri BHUTAN � Largest Underground SH BANGLADE � Largest Underground Powerhouse in India– Powerhouse in India– Sardar Sarovar Naptha-Jhakri Naptha-Jhakri 1,450MW � Second Largest � Second Largest Omkareshwar Sidhi – Thermal Power 520MW 1000MW (2X500MW) Surface Powerhouse Surface Powerhouse Alimineti Madhava in India – Indira-Sagar in India – Indira-Sagar Reddy Project (51 Km Long Tunnel) E&C Projects Ganga Expressway at 1,047 km, the largest Ganga Expressway at 1,047 km, the largest under execution infrastructure project in the country at infrastructure project in the country at Roads& Rs 60,000 Crs (US$ 15 Bn) is to be executed Rs 60,000 Crs (US$ 15 Bn) is to be executed Real Estate by JAL by JAL Thermal Power 11
CONFIDENTIAL 2002-2007 : 7880 MW added to the National Grid HYDROPOWER CAPACITY COMMISSIONED BY THE JAYPEE GROUP Name of Project 2002 2003 2004 2005 2006 2007 Total (MW) BUILD-OWN-OPERATE Baspa-II 300 1. 300 2. Vishnuprayag 400 400 EPC CONTRACTS Chamera-II 300 3. 300 5. Omkareshwar 520 520 CONTRACTS WITH VARIOUS GOVERNMENT AGENCIES 6. Nathpa Jhakri hydro-electric project 1500 1500 7. Indira Sagar (Dam & Powerhouse) 1000 1000 8. Sardar Sarovar (Saddle Dam Complete) 250 250 9. Dul-Hasti (Dam, Powerhouse & HRT) 390 390 10. Tehri (Rock-fill Dam & Spillway) 1000 1000 12. Sardar Sarovar (Main Dam & Power 1200 1200 House) Tala (Powerhouse) 1020 10. 1020 Total (MW) 1500 300 300 1250 400 4130 7880 12
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