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 Macquarie acquire Public Offer (IPO), ECBs 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 Former member of Civil Services. Former Director (Finance) of Delhi Power Company Ltd, Delhi Transco Dr. Pawan Singh - Ltd etc. Has worked in various infrastructure sector companies like Powergrid, Indian Railways, Tata Whole-time Director Steel. Director (Finance) & CFO of PTC India Limited. Mr. Arun Kumar Dr. Rajib Kumar Mishra Director (Marketing and Business Development) of PTC India Limited. 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. 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 A known authority in Direct Taxes, was on Board of Governors of Indian Institute of Corporate Affairs, Mr. Ved Kumar Jain served as the President of The Institute of Chartered Accountants of India. Now holds Directorship in various companies. Mr. Kulamani Biswal is a commerce graduate and a fellow in Cost Accountancy along with having distinct Mr. Kulamani Biswal professional qualifications of MBA from USA, LLB and Diploma in Financial Management. He is the Director (Finance) , NTPC Limited. 7
Financial Highlights Q1 FY2018
Qtr ended 30 th Qtr ended 30 th Particulars Year ended 31 st June 2017 June 2016 Mar 2017 643 1,496 Loan Sanctioned (Rs. Crs) 10,297 947 870 Loan Disbursed (Rs. Crs) 4,179 12,553 9,536 Outstanding Credit 12,342 10,963 9,074 Loan Assets (Rs. Crs) 10,610 Letter of Comfort (Rs. Crs) 1,590 462 1,732 10.98 11.69 Yield on Loan Assets (%) 12.10 8.22 9.04 Cost of borrowed funds (%) 8.79 2.75 2.65 Interest Spread (%) 3.31 Net Interest Margin (%) 4.77 4.62 5.26 1.23 1.20 Earnings Per Share (Rs.) 6.96 6.78 6.50 Cost to Income Ratio (%) 6.37 24.75 21.00 Capital Adequacy Ratio (%) 24.09 3.36 4.01 Debt Equity Ratio (%) 3.36 12.91 15.24 Return on Networth (%) 18.69 0.71 0.72 Return on Assets (%) 3.21 9
Qtr ended Qtr ended Shift Particulars (Rs. Crores) Year ended 30 th June 30 th June 31 st Mar 2017 % 2017 2016 282.96 252.40 12.11 Interest Income 1,113.69 - - - Profit on sale of equity investments 142.61 17.12 18.87 (9.26) Other Operating Income 94.49 0.56 0.00 18,426.67 Other Income 1.09 300.64 271.27 10.83 Total Income 1,351.88 160.09 152.96 4.66 Interest and financial charges 630.29 2.34 5.61 (58.27) Loss on foreign currency translation 14.41 7.68 2.20 249.76 Provision and contingencies 142.57 9.37 7.33 27.81 Other operating expenses 35.94 179.49 168.10 6.78 Total expenses 823.20 121.15 103.17 17.42 Profit before tax 528.68 41.94 35.73 17.40 Tax expense (including deferred tax) 183.35 79.21 67.45 17.43 Profit after tax 345.33 10
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24,000 20,000 16,000 Rs. crores 12,000 8,000 4,000 - Q1 Q2 Q3 Q4 Q1 FY2017 FY2017 FY2017 FY2017 FY2018 Others 3,398 3,773 3,773 4,148 4,295 Hydro 810 682 596 596 596 Renewable 7,945 10,173 12,276 12,860 11,393 Thermal 3,572 3,572 3,051 2,906 2,707 Total 15,725 18,200 19,696 20,510 18,991 12
Total 9,074 9,418 9,613 10,610 10,963 13
Project Capacity Outstanding as Investment Status at 30 th June 2017 (MW) (Rs. crore) • Construction activities are in progress. Cost overrun East Coast Energy for the project has been approved by the lead FI. 1,320 133.38 Private Limited • PFS has received FIPB approval to swap its shareholding into shares of holding company. • Phase I (41.25 MW) is commissioned. R S India Wind Energy • WTG manufacturing facility housed in a group 99 61.12 Private Limited company is commissioned. • PFS has made a provision of entire amount. Total 194.50 14
Shareholding Pattern
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Way Forward
Leverage deep Continue to develop knowledge of Sector strategic partnerships to continuously stay locally and globally ahead of curve Leverage expertise Offer structured and strength in financing solutions Renewable Sector Maintain a Expand Fee Income diversified portfolio base 18
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