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Disclaimer The presentation has been prepared for information purpose, it is not a solicitation of any offer to buy or sell any security or instruments. This presentation contains forward-looking statements. Forward-looking statements in this presentation are subject to number of risks and uncertainties, some of which are beyond our control. Our actual results, performance, prospectus or opportunities could differ materially from those expressed in or implied by the forward looking statements. by the forward looking statements. These forward looking statements are made as of the date of this presentation. We undertake no obligation to publicly update or revise any forward looking statements whether as a result of new information, future events or otherwise, except as required by law. “BF Utilities” refers to BF Utilities Limited and its subsidiaries and affiliates. 2 BF Utilities Limited
BF Utilities : BF Utilities : Overview 3
Overview of the Kalyani Group Kalyani Group is one of the leading industrial houses in India, focusing on the following sectors: Engineering Steel Automotive & Non-Automotive Components Renewable Energy & Infrastructure and Specialty Chemicals Bharat Forge Limited, the flagship company of the group, is one of the leading commercial forging companies globally, specializing in highly value-added and critical products (market capitalization: $1.3 billion(1); Revenues: $1.1 billion) A global forging conglomerate with a capacity of over 750,000 TPA spread across 12 locations and 6 countries Listed on the Bombay Stock Exchange and National Stock Exchange in India Foray into capital goods for the power sector to capture the India infrastructure growth opportunity; has set up joint ventures with Alstom, Areva and National Thermal Power Corporation Mr. B N Kalyani (Promoter and Chairman), with over 27 years of experience, is the principal driving force behind the growth and success of the Kalyani Group of Companies Notes: 1. As of march 15,2010 4 BF Utilities Limited
BF Utilities: Snapshot of Key Projects BF Utilities Limited Bangalore Mysore Infrastructure Corridor (BMIC) Project Hubli - Dharwad Road Project Sole manager to execute the BMIC project 30km bypass road connecting the twin cities of Hubli and One of the largest integrated infrastructure development Dharwad in North Karnataka project in India Operational since last 9 years with current toll collection of 164 km tolled expressway connecting Bangalore and around Rs.220 million per annum Mysore including 3 Kms of Elevated road at Bangalore Notified as part of the NH4 (Pune-Bangalore), also part of Side the Golden Quadrilateral Road Project of India Development of infrastructure and amenities including townships, with state-of-the-art connectivity ����������������� Nandi Economic Corridor Enterprise (“NECE”) is an SPV promoted by NICE to execute a part of Section - A of the Wind power plants set up at Thoseghar in Satara District BMIC project Maharashtra with a total capacity of 18.33MW 62 km long toll road in Bangalore side Set-up to satiate the power requirements of the Kalyani Interchanges and its Developments Group companies Part of Township – 1 (1732 Acres out of 2775 Acres) 5 BF Utilities Limited
Corporate Structure BF Utilities* (Market Cap - $768MM)** 100% 74.5% 69.53% NHDL Wind Mill NICE (Hubli-Dharwad (18.33MW) Bypass) 64.8% 100% 100% NECE Part of Section A, Various Utilities Section B & C (Part of Section A) Power Water Telecom Road & Expressway & Five Townships Bundled Utilities Part of Township 1 Interchange Interchange Development (e.g. Bus / Truck Development Development Development (Incl. Part of Terminals, Hospitals, etc.) (62 km Toll Road) (99 km Toll Road) Township 1) Notes: * Post de-merger of BF Investment Limited pursuant to a Scheme of Arrangement recently approved by the High Court ** As of March 15, 2010 6 BF Utilities Limited
BMIC Overview 7
World Class Infrastructure Project Nandi Infrastructure Corridor Enterprise Ltd. (NICE) is implementing the Bangalore Mysore Infrastructure Corridor (BMIC) Project, a world class integrated infrastructure development project, which consists of : A 164 km tolled expressway connecting Bangalore and Mysore with following road components : a 9.1 km Link road connecting Centre of Bangalore with the Peripheral Road o a 41 km Peripheral Road around the City of Bangalore linking Hosur Road - NH-7 to Tumkur Road – NH-4 o a 111 km Expressway between Bangalore & Mysore o a 3 km Elevated Road at Bangalore Side o 5 New Township Developments along the Expressway between Bangalore and Mysore Concomitant development at the interchanges along the Peripheral Road and Link Road Rights to supply power, water, telecommunication services, sewage and waste water management etc. Single planning authority – Bangalore Mysore Infrastructure Corridor Area Planning Authority (BMICAPA) – for the entire project Concession period for toll road is 40 years including 10 years of construction period Section - Section - C C Section Section - - B B Section Section - - A A • Link Road: 9.1 kms • Expressway: 12Km to 36 Kms • Expressway: 36Km to 111 Kms • Peripheral Road: 41 kms • Interchange Developments • Interchange Developments • Expressway: 0Km to 12 Kms • Townships: Commercial • Township: Eco Tourism Center • Interchange Developments Center, Heritage Center and • Elevated Section of the Link Road at Bangalore Side • Township: Corporate Center Industrial Center 8 BF Utilities Limited
Close Proximity to Bangalore With Bangalore’s population approaching 8.5 million, it is believed that implementation of the BMIC Project holds the key to addressing the infrastructure problems of the city. Growth Patterns in Bangalore Growth Patterns in Bangalore BMIC Project Location Overview BMIC Project Location Overview Devanahalli Towards Devanahalli Hebbal Brookfields Mahadevapura Whitefields CBD Mysore Road Proposed Sarjapura Road Hi tech City Bannerghatta Road Kanakapura Road Hosur Road Existing Development Corridors Future Development Corridors 9 BF Utilities Limited
Section – A Infrastructure Development Nearly Complete The project entails development of 62 km of Toll Road and one Project Overview Project Overview Township near Bidadi 9.1km Link Road linking city centre to Outer Peripheral Road 41km Outer Peripheral Road linking Hosur Road to Tumkur Road 12km Expressway up to Bidadi Township – 1 (Corporate Center) near Bidadi with 2775 Acres Township – 1 (Corporate Center) near Bidadi with 2775 Acres Total Land for Section – A is 7,290 acres (Out of this NECE Land is 6,173 Acres and NICE Land is 1,117 Acres) Integral part of Bangalore urbanization infrastructure Project Status Project Status Almost 88% of toll road work is completed Total 4,188 acres out of 7,290 acres of total land has been acquired by GoK and transferred to the NICE / NECE Balance expected shortly pending few documentation requirements 10 BF Utilities Limited
Significant Value in Section B and C The project entails development of 99 km of Toll road, four self- Project Overview Project Overview sustained townships and 3 kms of Elevated road at Bangalore Side Expressway from Bidadi to Mysore Development of up to 400MW of power plants with exclusive right to transmit and distribute power to the BMIC Development and maintenance of water / waste water and sewage treatment facilities for BMIC Exclusive right to use 155 million litres of water per day from the Cauvery river for BMIC and the right to draw 85 million litres of water per day from Bangalore Water Supply & Sewerage Board Right to contract for telecommunication and broadcasting services within the BMIC area Project Status Project Status Work on Section B and C expected to start in Oct / Dec 2010 11 BF Utilities Limited
Superior Toll Road Specifications and Planning Superior specifications / planning with room for Current Toll Collection (Rs. Million) Current Toll Collection (Rs. Million) revenue upside 40 36.5 34.8 32.0 35 31.0 Major expenses on the toll road already incurred 28.5 27.8 26.9 30 26.3 25.5 25.3 22.6 25 Stable income from toll linked with traffic growth 20 Current toll rates are at ~35% discount to 15 10 government sanctioned rates 5 0 Concession agreement permits further 10% rate pr-09 y-09 n-09 ul-09 g-09 p-09 ct-09 v-09 c-09 n-10 b-10 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb escalation every year; implying significant revenue upside Significant ancillary revenue streams Triggers For Enhancing Toll Collection Triggers For Enhancing Toll Collection “OOH” advertising, bus and truck terminals, etc. Connectivity at IC 2/7 (Bannerghatta) Potential revenue upside once connectivity to Restoration of Original Toll Rates airport is established and Expressway from Bidadi Commencement of Operations on Expressway to Mysore is completed. 12 BF Utilities Limited
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