PTC India Financial Services Limited Corporate Presentation This - PowerPoint PPT Presentation

PTC India Financial Services Limited Corporate Presentation

This presentation and the accompanying slides (the “Presentation”), which have been prepared by PTC India Financial Services Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to: the performance of the Indian economy and of the economies of various international markets, the performance of the power industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward- looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections. The distribution of this document in certain jurisdictions may be restricted by law and persons into whose possession this presentation comes should inform themselves about and observe any such restrictions. 2

Background & Business

Goldman Sachs and PFS completes Initial Preferential allotment to Macquarie acquire Public Offer (IPO), ECBs PTC India Limited stake in PFS from DEG and IFC 2006 PFS becomes the first PFS classified as PFS incorporated institution in India, to Infrastructure as a subsidiary of sign IFC’s Master Finance Company PTC India Cooperation by RBI Limited Agreement Lends and invests Robust track record on Offers unique structured Efficient capital primarily in private equity investments & innovative products utilisation to aid power projects scale up 4

To provide Investment and Financing for Power and Related Infrastructure For Greenfield and Brownfield Debt Financing PTC India Financial Projects Services Limited Providing Capital for Equity Financing Expansion activities Investing in projects across energy value chain Structured Products Underwriting, Loan Fee Based Services Syndication, Advisory 5

Board of Directors

Name Brief Profile Mr. Deepak Amitabh – CMD of PTC India Ltd and a former member of Civil Services Chairman Whole-time Director of PFS since 2008. Former Secretary, ICAI and Technical Advisor on Board of Dr. Ashok Haldia - Managing International Federations of Accountants. Has wide experience in power sector, reforms and restructuring, policy and financing of power projects and public sector management and reforms, participative banking, Director & CEO corporate law and governance, formulation of accounting & auditing standards, WTO-GATS Dr. Pawan Singh - Former member of Civil Services. Former Director (Finance) of Delhi Power Company Ltd, Delhi Transco Director (Finance) & CFO Ltd etc. Has worked in various infrastructure sector companies like Powergrid, Indian Railways, Tata Steel. Mr. Naveen Kumar is an Electrical Engineer, MBA (Finance) and LLB. Prior to joining PFS, he has worked in power sector majors including BHEL, NTPC and PFC. He has overall experience of about 37 years covering Mr. Naveen Kumar – Director various areas including infrastructure projects formulation, technical and financial appraisal, monitoring and Operations financing / consortium lending of power projects. He also possesses rich experience in area of erection, commissioning, O&M of power projects and setting up of UMPPs. Mrs. Tripathi is from IA&AS of 1973 Batch (retired) and has worked at various senior positions in Govt. of Mrs. Pravin Tripathi India. She has served as member - Competition Appellate Tribunal, Member - Airport Economic Regulatory Authority Appellate Tribunal and as Deputy Comptroller & Auditor General of India Mr. H L Bajaj is the former Chairperson of CEA and Ex officio Secretary to the GoI. He has served on the Boards of NTPC Ltd and Nuclear Power Corporation. He is Life Fellow: The Institute of Electrical and Mr. H. L. Bajaj Electronics Engineers, U.S.A and All India Management Association; Fellow: The Institute of Engineering and Technology (UK), The Institution of Engineers (India), Indian National Academy of Engineering. Director (Marketing and Business Development) of PTC India Limited. Dr. Rajib Kumar Mishra Director (Projects) at Power Finance Corporation Limited having more than 35 years of experience in power Mr. C. Gangopadhyay sector, serving organizations like NTPC, PFC and PFCCL. Ex Deputy Governor of Reserve Bank of India having nearly 38 years experience with RBI. Currently Senior Mr. H. R. Khan Advisor with KPMG and has been Non-Executive Chairman of the National Securities Clearing Corporation Ltd. (NSCCL). 7

Financial Highlights Q4 & FY2018

Qtr ended 31 st Qtr ended 31 st Particulars Year ended Year ended 31 st Mar 2018 31 st Mar 2017 Mar 2018 Mar 2017 2,563 Loan Sanctioned (Rs. Crs) 2,343 8,250 10,297 1,860 Loan Disbursed (Rs. Crs) 1,831 5,103 4,179 12,342 Outstanding Credit 14,312 14,312 12,342 Loan Assets (Rs. Crs) 12,816 10,610 12,816 10,610 Non fund based (Rs. Crs) 1,496 1,732 1,496 1,732 Yield on Loan Assets (%) 9.47 11.17 10.29 12.10 Cost of borrowed funds (%) 8.29 8.46 8.18 8.79 Interest Spread (%) 1.18 2.71 2.11 3.31 Net Interest Margin (%) 3.13 4.76 4.05 5.26 (1.72) 1.71 Earnings Per Share (Rs.) 0.38 5.86 11.37 6.73 Cost to Income Ratio (%) 7.98 6.37 21.19 24.09 Capital Adequacy Ratio (%) 21.19 24.09 4.38 3.36 Debt Equity Ratio (%) 4.38 3.36 (18.71) 18.92 Return on Networth (%) 1.04 18.69 (0.86) 1.02 Return on Assets (%) 0.19 3.21 9

Qtr Qtr Shift Particulars (Rs. Crores) Year Year Shift ended ended % ended 31 st ended 31 st % 31 st Mar 31 st Mar Mar 2018 Mar 2017 2018 2017 272.98 263.85 3.46 Interest Income 1,112.75 1,113.69 (0.09) Profit on sale of equity - 131.02 (100.00) - 142.61 (100.00) investments 17.50 36.18 (51.64) Other Operating Income 76.88 94.49 (18.63) 0.06 0.60 (90.75) Other Income 0.62 1.09 (42.86) 290.53 431.65 (32.69) Total Income 1,190.25 1,351.88 (11.96) 182.94 151.33 20.89 Interest and financial charges 675.05 630.29 7.10 Loss on foreign currency 2.06 (0.87) (336.25) 7.62 14.41 (47.08) translation 220.18 98.14 124.35 Provision and contingencies 362.12 142.57 154.00 12.00 10.10 18.80 Other operating expenses 40.52 35.94 12.75 417.18 258.70 61.26 Total expenses 1,085.31 823.20 31.84 (126.65) 172.95 (173.23) Profit before tax 104.94 528.68 (80.15) Tax expense (including deferred (16.21) 63.19 (125.66) 80.24 183.35 (56.24) tax) (110.44) 109.76 (200.62) Profit after tax 24.70 345.33 (92.85) 10

Equity and Liabilities As at 31 st As at 31 st Assets As at 31 st As at 31 st (Rs. in Crores) March March (Rs. in Crores) March March 2018 2017 2018 2017 Non-current assets Shareholders’ funds Fixed assets 14.25 15.05 Share capital 642.28 642.28 Non-current investments 63.01 114.28 Reserves and surplus 1,697.27 1,777.00 Deferred Tax Assets 70.23 19.78 Non-current liabilities Long-term loans & Long-term borrowings 5,708.01 4,715.88 11,818.46 9,825.94 advances Long-term provisions 194.63 98.34 Other non-current assets 25.01 27.11 Current liabilities Current assets Trade receivables Short-term borrowings 5.66 5.67 3,660.00 2,855.18 Cash and cash equivalents 57.71 35.38 Trade payables 5.28 4.20 Short-term loans & Other current liabilities 984.66 659.26 7.64 207.48 advances Short-term provisions 0.44 0.06 Other current assets 830.59 501.52 Total liabilities 12,892.57 10,752.21 Total assets 12,892.57 10,752.21 11

12.00 11.17 10.98 10.50 10.26 9.47 8.46 8.29 8.23 8.22 8.14 8.00 4.76 4.77 4.00 4.24 4.15 3.13 2.75 2.71 2.26 2.12 1.18 - Q4 FY2017 Q1 FY2018 Q2 FY2018 Q3 FY2018 Q4 FY2018 NIM Spread Cost of funds Yield 12