PTC India Financial Services Limited May 2012 Our Vision and - PowerPoint PPT Presentation

PTC India Financial Services Limited May 2012

Our Vision and Mission Be the most preferred financial services Vision partner in the entire energy value chain. To partner and forge strong relationships with credible stakeholders to provide Mission complete financial services for all links in the energy value chain. 2

Business Activities of PFS To provide Investment and Financing solutions for the broader Energy Value Chain Scope of business activities PTC’s lineage Invest in Greenfield projects,  Brownfield projects and provide expansion capital on an ongoing Across energy Debt basis Value Chain Financing To the companies engaged in  identified target sectors Invest in identified projects  Power Exchange  Fee Based Equity Tolling projects  Services Financing Biomass projects  Wind projects  Structured Products Coal projects  Investment in cross border  Strategic financial partnership to bring in : transmission link  Fund management best practices Term Financing   Strong relationship with global investors Financial solutions and advisory  3

Highlights of Profit and Loss Statement ` in crores Q4 FY12 Q3 FY12 Q4 FY11 FY 12 FY 11 Interest Income 41.86 37.00 19.56 132.95 74.26 Other Operating Income 74.15 57.01 6.79 173.69 34.57 Total Income from operations 116.01 94.01 26.35 306.64 108.83 Interest and financial charges 19.70 16.67 14.49 68.61 44.38 Other operating expenses 13.51 4.07 4.72 36.95 13.04 Total expenses 33.21 20.74 19.21 105.56 57.42 Profit from operations 82.80 73.27 7.14 201.08 51.41 Other income 0.05 0.06 - 0.56 0.02 Profit before tax 82.85 73.33 7.14 201.64 51.43 Tax expense 19.58 15.43 1.33 47.60 14.40 Net Profit for the period 63.27 57.90 5.81 154.04 37.03 4

Highlights ` in crores Q4 FY12 Q4 FY11 % FY 12 FY 11 % Growth Growth Total Revenue 116.06 26.35 340 307.20 108.85 182 Profit on sale of non- 66.51 - 100 127.24 12.37 929 current trade investments Net Interest Income 25.11 5.49 357 68.67 31.60 117 Profit after tax 63.27 5.81 989 154.04 37.03 316 Return on assets (%) 3.22 0.34 7.84 2.18 Earnings per share ( ` ) 1.13 0.13 2.74 0.85 ` in crores FY12 FY11 % Growth Balance Sheet size 1,964 1,699 16 Outstanding loan book 1,266 680 86 Cumulative debt 6,335 3,095 105 sanctioned 5

Resource Mix ` in crores As at As at March 31, 2012 March 31, 2011 Shareholders' Funds Share Capital 562.08 562.08 Reserves and Surplus 609.88 455.61 Loan Funds Long term loans 206.88 237.79 Long term bonds / debentures 391.69 332.09 External commercial borrowings 133.59 - Short term loans 28.10 - Total 1,932.22 1,587.57 6

Operational Highlights Cumulative Debt Sanctioned Outstanding loan book 1,266 6,335 1,200 7,000 6,000 1,000 5,000 680 800 ` Crores 3,095 ` Crores 4,000 600 3,000 1,654 302 400 2,000 304 - 20 - 200 1,000 - - FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 14.66 14.50 16.00 16.00 14.10 13.53 15.09 14.30 10.50 12.00 12.00 10.22 9.88 9.89 10.47 10.13 8.79 8.12 8.00 8.00 7.38 6.42 6.57 4.97 4.63 4.00 4.00 4.17 4.76 4.62 3.88 3.03 - - FY2011 FY2012 Q1 FY2012 Q2 FY2012 Q3 FY2012 Q4 FY2012 NIM Spread Cost of funds Yield NIM Spread Cost of funds Yield 7

Portfolio Mix – Debt Assisted Projects Debt Sanctioned Solar Debt Outstanding 2% Gas Solar Gas Biomass 7% 4% 2% 2% Others Biomass Others Wind 8% 2% 12% 7% Hydro Coal 14% Wind 53% Coal 15% 65% Hydro 7% 8

Overview of Major Equity Investments Equity Investments Capacity Outstanding as Investment Status (MW) at 31.03.12 ( ` Crores) 1.52 • Indian Energy Operational since June 2008. N.A. • Exchange Limited PFS now holds 5% in the Company. • Financial closure has been achieved. Ind- Barath Energy • 700 105.00 All clearances received and project is expected to be (Utkal) Limited commissioned by July 2013. • Phase I (300MW) project is expected to be commissioned in July Meenakshi Energy 2012 900 114.42 • Private Limited Phase II (700 MW) project is on track after financial closure and expected to be commissioned in December 2013. • Project on track after financial closure. • Clearance from Expert Appraisal Committee , MoEF received on East Coast Energy 1,320 133.39 recent environment issues. Private Limited • Received FIPB approval for swap of shares to the holding company. • Rs 53.94 crores invested in 99.45 MW wind power project. Phase I (41.25 MW) of the project fully commissioned and phase II is R S India Wind Energy 99 61.12 under implementation Private Limited • Rs 71.77 million invested in WTG manufacturing facility housed in a subsidiary company Total 415.45 9

Shareholding Pattern as at March 31, 2012 Bodies Corporate Individuals / NRIs 4% Mutual & Others Insurance Funds 9% Companies 2% 3% Banks / FI 1% FIIs PTC India Limited 21% 60% PTC India Limited FIIs Banks / FI Insurance Companies Bodies Corporate Mutual Funds Individuals / NRIs & Others 10

Our Shareholders Top 10 shareholders as at March 31, 2012 Name % Equity Name % Equity PTC India Limited 60.00 Life Insurance Corporation Of India 2.47 GS Strategic Investments Limited 8.66 Bajaj Allianz Life Insurance Company 2.16 Limited HSBC Bank (Mauritius) Limited A/C 3.68 Capital International Emerging Markets 1.82 GMFA Asia Venture Limited Fund Macquarie India Holdings Limited 3.46 HDFC Trustee Company Limited 0.97 Emerging Markets Growth Fund, Inc. 2.83 Corporation Bank 0.91 Other Institutional Shareholders DSP Blackrock Micro Cap Fund Aviva Life Insurance Company India Limited General Insurance Corporation Of India Union Bank Of India BNY Mellon Vietnam India & China VC Fund IBM Diversified Global Equity Fund Indian Overseas Bank Government Of Singapore Investment Corporation Capital Guardian Emerging Markets Equity DC Elara India Opportunities Fund Limited Master Fund 11

Way Forward Focus on renewable power and other emerging segments of power sector Continue to develop Expand fee based strategic partnerships services and CER with international financing finance institutions Offer comprehensive Maintain optimal mix structured financing of equity investments solutions to private and debt financing power sector Consolidate position as developers preferred financing solutions provider, especially for smaller & medium power projects 12

Thank You 13