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

May 2012

PTC India Financial Services Limited

Our Vision and Mission

Vision

Be the most preferred financial services partner in the entire energy value chain.

Mission

To partner and forge strong relationships with credible stakeholders to provide complete financial services for all links in the energy value chain.

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Business Activities of PFS

Scope of business activities



Invest in Greenfield projects, Brownfield projects and provide expansion capital on an ongoing basis



To the companies engaged in identified target sectors



Invest in identified projects



Power Exchange



Tolling projects



Biomass projects



Wind projects



Coal projects



Investment in cross border transmission link



Term Financing



Financial solutions and advisory

Strategic financial partnership to bring in :

 Fund management best practices  Strong relationship with global investors

To provide Investment and Financing solutions for the broader Energy Value Chain

PTC’s lineage Debt Financing Equity Financing Structured Products Fee Based Services Across energy Value Chain

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Highlights of Profit and Loss Statement

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` 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

Highlights

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Q4 FY12 Q4 FY11 % Growth FY 12 FY 11 % Growth Total Revenue 116.06 26.35 340 307.20 108.85 182 Profit on sale of non- current trade investments 66.51

• 100

127.24 12.37 929 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 sanctioned 6,335 3,095 105

` in crores

Resource Mix

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As at March 31, 2012 As at 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 ` in crores

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Operational Highlights

• 1,000

2,000 3,000 4,000 5,000 6,000 7,000 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012

• 304

1,654 3,095 6,335 ` Crores

Cumulative Debt Sanctioned

• 200

400 600 800 1,000 1,200 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012

• 20

302 680 1,266 ` Crores

Outstanding loan book

6.42 7.38 4.63 4.17 10.47 10.13 15.09 14.30

• 4.00

8.00 12.00 16.00 FY2011 FY2012 NIM Spread Cost of funds Yield 4.97 6.57 8.12 8.79 3.03 3.88 4.62 4.76 10.50 10.22 9.88 9.89 13.53 14.10 14.50 14.66

• 4.00

8.00 12.00 16.00 Q1 FY2012 Q2 FY2012 Q3 FY2012 Q4 FY2012 NIM Spread Cost of funds Yield

Portfolio Mix – Debt Assisted Projects

8 Coal 65% Hydro 14% Wind 7% Biomass 2% Gas 2% Solar 2% Others 8%

Debt Sanctioned

Coal 53% Hydro 7% Wind 15% Biomass 2% Gas 7% Solar 4% Others 12%

Debt Outstanding

Overview of Major Equity Investments

Equity Investments Capacity (MW) Outstanding as at 31.03.12 (` Crores) Investment Status

Indian Energy Exchange Limited N.A. 1.52 • Operational since June 2008.

• PFS now holds 5% in the Company.

Ind- Barath Energy (Utkal) Limited 700 105.00

• Financial closure has been achieved.
• All clearances received and project is expected to be

commissioned by July 2013. Meenakshi Energy Private Limited 900 114.42

• Phase I (300MW) project is expected to be commissioned in July

2012

• Phase II (700 MW) project is on track after financial closure and

expected to be commissioned in December 2013. East Coast Energy Private Limited 1,320 133.39

• Project on track after financial closure.
• Clearance from Expert Appraisal Committee , MoEF received on

recent environment issues.

• Received FIPB approval for swap of shares to the holding

company. R S India Wind Energy Private Limited 99 61.12

• 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 under implementation

• Rs 71.77 million invested in WTG manufacturing facility housed

in a subsidiary company Total 415.45

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Shareholding Pattern as at March 31, 2012

10 PTC India Limited 60% FIIs 21% Banks / FI 1% Insurance Companies 3% Bodies Corporate 4% Mutual Funds 2% Individuals / NRIs & Others 9%

PTC India Limited FIIs Banks / FI Insurance Companies Bodies Corporate Mutual Funds Individuals / NRIs & Others

Our Shareholders

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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 Limited 2.16 HSBC Bank (Mauritius) Limited A/C GMFA Asia Venture Limited 3.68 Capital International Emerging Markets Fund 1.82 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 Master Fund Elara India Opportunities Fund Limited

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Way Forward

Focus on renewable power and other emerging segments of power sector Continue to develop strategic partnerships with international finance institutions Offer comprehensive structured financing solutions to private power sector developers Consolidate position as preferred financing solutions provider, especially for smaller & medium power projects Maintain optimal mix

• f equity investments

and debt financing Expand fee based services and CER financing

Thank You

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