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

• r 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

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

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

5

Board of Directors

7

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 -

Whole-time Director 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. Arun Kumar

Director (Finance) & CFO of PTC India Limited.

• Dr. Rajib Kumar Mishra

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

• 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.

• 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. Ved Kumar Jain

A known authority in Direct Taxes, was on Board of Governors of Indian Institute of Corporate Affairs, served as the President of The Institute of Chartered Accountants of India. Now holds Directorship in various companies.

• Mr. Kulamani Biswal
• Mr. Kulamani Biswal is a commerce graduate and a fellow in Cost Accountancy along with having distinct

professional qualifications of MBA from USA, LLB and Diploma in Financial Management. He is the Director (Finance) , NTPC Limited.

Financial Highlights Q1 FY2018

9

Qtr ended 30th June 2017 Qtr ended 30th June 2016 Particulars Year ended 31st 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 1,590 462 Letter of Comfort (Rs. Crs) 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 4.77 4.62 Net Interest Margin (%) 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

10

Qtr ended 30th June 2017 Qtr ended 30th June 2016 Shift % Particulars (Rs. Crores) Year ended 31st Mar 2017 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

11

12

Total 15,725 18,200 19,696 20,510 18,991

• 4,000

8,000 12,000 16,000 20,000 24,000 Q1 FY2017 Q2 FY2017 Q3 FY2017 Q4 FY2017 Q1 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

• Rs. crores

13

Total 9,074 9,418 9,613 10,610 10,963

14

Project Capacity (MW) Outstanding as at 30th June 2017 (Rs. crore) Investment Status East Coast Energy Private Limited 1,320 133.38

• Construction activities are in progress. Cost overrun

for the project has been approved by the lead FI.

• PFS has received FIPB approval to swap its

shareholding into shares of holding company. R S India Wind Energy Private Limited 99 61.12

• Phase I (41.25 MW) is commissioned.
• WTG manufacturing facility housed in a group

company is commissioned.

• PFS has made a provision of entire amount.

Total 194.50

Shareholding Pattern

16

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

18