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

• pportunity 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

• f 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.

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Background & Business

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

For Greenfield and Brownfield Projects Underwriting, Loan Syndication, Advisory Providing Capital for Expansion activities Investing in projects across energy value chain

To provide Investment and Financing for Power and Related Infrastructure

PTC India Financial Services Limited

Debt Financing Equity Financing Structured Products Fee Based Services

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Board of Directors

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Name Brief Profile

• Mr. Deepak Amitabh –

Chairman CMD of PTC India Ltd and a former member of Civil Services

• Dr. Ashok Haldia - Managing

Director & CEO Whole-time Director of PFS since 2008. Former Secretary, ICAI and Technical Advisor on Board of 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, corporate law and governance, formulation of accounting & auditing standards, WTO-GATS

• Dr. Pawan Singh -

Director (Finance) & CFO Former member of Civil Services. Former Director (Finance) of Delhi Power Company Ltd, Delhi Transco Ltd etc. Has worked in various infrastructure sector companies like Powergrid, Indian Railways, Tata Steel.

• Mr. Naveen Kumar – Director

Operations

• 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 various areas including infrastructure projects formulation, technical and financial appraisal, monitoring and 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. Pravin Tripathi
• Mrs. Tripathi is from IA&AS of 1973 Batch (retired) and has worked at various senior positions in Govt. of
• 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
• 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 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.

• Dr. Rajib Kumar Mishra

Director (Marketing and Business Development) of PTC India Limited.

• Mr. C. Gangopadhyay

Director (Projects) at Power Finance Corporation Limited having more than 35 years of experience in power sector, serving organizations like NTPC, PFC and PFCCL.

• Mr. H. R. Khan

Ex Deputy Governor of Reserve Bank of India having nearly 38 years experience with RBI. Currently Senior Advisor with KPMG and has been Non-Executive Chairman of the National Securities Clearing Corporation

• Ltd. (NSCCL).

Financial Highlights Q4 & FY2018

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Qtr ended 31st Mar 2018 Qtr ended 31st Mar 2017 Particulars Year ended 31st Mar 2018 Year ended 31st Mar 2017 2,563 2,343 Loan Sanctioned (Rs. Crs) 8,250 10,297 1,860 1,831 Loan Disbursed (Rs. Crs) 5,103 4,179 14,312 12,342 Outstanding Credit 14,312 12,342 12,816 10,610 Loan Assets (Rs. Crs) 12,816 10,610 1,496 1,732 Non fund based (Rs. Crs) 1,496 1,732 9.47 11.17 Yield on Loan Assets (%) 10.29 12.10 8.29 8.46 Cost of borrowed funds (%) 8.18 8.79 1.18 2.71 Interest Spread (%) 2.11 3.31 3.13 4.76 Net Interest Margin (%) 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

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Qtr ended 31st Mar 2018 Qtr ended 31st Mar 2017 Shift % Particulars (Rs. Crores) Year ended 31st Mar 2018 Year ended 31st Mar 2017 Shift % 272.98 263.85 3.46 Interest Income 1,112.75 1,113.69 (0.09)

• 131.02

(100.00) Profit on sale of equity investments

• 142.61

(100.00) 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 2.06 (0.87) (336.25) Loss on foreign currency translation 7.62 14.41 (47.08) 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) (16.21) 63.19 (125.66) Tax expense (including deferred tax) 80.24 183.35 (56.24) (110.44) 109.76 (200.62) Profit after tax 24.70 345.33 (92.85)

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

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4.76 4.77 4.15 4.24 3.13 2.71 2.75 2.12 2.26 1.18 8.46 8.22 8.14 8.23 8.29 11.17 10.98 10.26 10.50 9.47

• 4.00

8.00 12.00 Q4 FY2017 Q1 FY2018 Q2 FY2018 Q3 FY2018 Q4 FY2018 NIM Spread Cost of funds Yield

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Total 20,510 18,991 21,158 22,187 23,827

14 14 13 12 10 63 60 60 57 61 3 3 3 3 3 20 23 25 28 26

• 4,000

8,000 12,000 16,000 20,000 24,000 Q4 FY2017 Q1 FY2018 Q2 FY2018 Q3 FY2018 Q4 FY2018 Others 4,148 4,295 5,235 6,174 6,293 Hydro 596 596 596 596 596 Renewable 12,860 11,393 12,603 12,693 14,463 Thermal 2,906 2,707 2,724 2,724 2,475

• RS. CRORES

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Total 10,610 10,963 10,512 11,672 12,816

23 21 21 19 17 53 55 58 56 59 3 3 3 3 2 22 22 18 22 22

• 2,000

4,000 6,000 8,000 10,000 12,000 Q4 FY2017 Q1 FY2018 Q2 FY2018 Q3 FY2018 Q4 FY2018 Others 2,327 2,364 1,942 2,622 2,861 Hydro 286 294 294 295 296 Renewable 5,606 6,045 6,059 6,511 7,511 Thermal 2,391 2,260 2,217 2,244 2,148

• RS. CRORES

Shareholding Pattern

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Way Forward

Continue to develop strategic partnerships locally and globally Leverage expertise and strength in Renewable Sector Maintain a diversified portfolio Expand Fee Income base Offer structured financing solutions Leverage deep knowledge of Sector to continuously stay ahead of curve

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