PTC INDIA LTD. INVESTOR PRESENTATION Q4FY17 & FY17 DISCLAIMER - - PowerPoint PPT Presentation

PTC INDIA LTD.

INVESTOR PRESENTATION – Q4FY17 & FY17

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DISCLAIMER

This presentation and the accompanying slides (the “Presentation”), which have been prepared by PTC India Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation

• r 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. 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 or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s future 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.

PERFORMANCE REVIEW

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Q4FY17 AT A GLANCE - Standalone

2,982.51 3,269.20 2,800.00 2,900.00 3,000.00 3,100.00 3,200.00 3,300.00 Q4FY16 Q4FY17

Total Revenue from Operation ( INR Crores)

72.83 120.7 20 40 60 80 100 120 140 Q4FY16 Q4FY17 PBT (INR Crores) 35.55 78.77 20 40 60 80 100 Q4FY16 Q4FY17 PAT (INR Crores) 9.80 10.10 9600 9700 9800 9900 10000 10100 10200 Q4FY16 Q4FY17 Total Volumes (BUs)

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FY17 AT A GLANCE - Standalone

12475.93 14074.83 11500 12000 12500 13000 13500 14000 14500 FY16 FY17

Total Revenue from Operation ( INR Crores)

344.13 409.01 300 320 340 360 380 400 420 FY16 FY17 PBT (INR Crores) 234.43 290.87 100 200 300 400 FY16 FY17 PAT (INR Crores) 42.37 48.32 38 40 42 44 46 48 50 FY16 FY17 Total Volumes (BUs)

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FY17 AT A GLANCE - Consolidated

13447.39 15310.55 12500 13000 13500 14000 14500 15000 15500 FY16 FY17

Total Revenue from Operation ( INR Crores)

624.38 771.85 200 400 600 800 1000 FY16 FY17 PBT (INR Crores) 406.26 505.81 322.54 414.7 100 200 300 400 500 600 FY16 FY17 Consolidated PAT (INR Crores) PAT Attributable to PTC The above results are as per Ind-AS w.e.f 1st April’ 2016 with comparatives restated

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PHYSICAL PERFORMANCE – SNAPSHOT (Q4FY17)

* Short Term Trades include trades on power exchanges; **Long Term Trades include trades from Cross Border operations

Business Segment Q4FY17 Q4FY16 Growth (%) (Units in Millions) % of total trade (Units in Millions) Short Term Trades * 5864 58% 5786 1.3% Medium Term 609 6% 634

• 3.9%

Long Term Trades ** 3633 36% 3379 7.5% Wind 1

• 1
• Total

10107 100% 9800 3.1%

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PHYSICAL PERFORMANCE – SNAPSHOT (FY17)

Business Segment FY17 FY16 Growth (%) (Units in Millions) % of total trade (Units in Millions) Short Term Trades * 25896 53% 23378 10.76% Medium Term 2711 6% 2580 5% Long Term Trades ** 19699 41% 16402 20,1% Wind 14

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27.1% Total 48320 100% 42372 14%

* Short Term Trades include trades on power exchanges; **Long Term Trades include trades from Cross Border operations

• PTC’s contract for supplying 250 MW to Bangladesh has been extended for 6 months from 1st

Feb, 2017 to 31st July, 2017

• 1200 MW Teesta-III Hydroelectric Project (HEP) has achieved COD on 28th Feb, 2017. The

project has 6 units of 200 MW each

• Long Term capacity of 445 MW has started flowing during FY17
• PTC will be the trading partner responsible for purchase and sale of power from wind power

projects for the first ever auction conducted by SECI. The price discovered (from 5 projects constituting 1050 MW) is fixed at Rs. 3.46/unit for 25 years

• Consulting services for energy audit and energy efficiency areas consolidate on earlier starts.

Power procurement advisory for energy intensive units like refineries make further progress

• PTC Energy Limited (PEL) executed 5 wind power projects aggregating to 238.8 MW in AP and
• Karnataka. PEL’s total portfolio capacity now stands at 288.8 MW

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KEY HIGHLIGHTS – FY17

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NUMBERS UP-CLOSE Q4FY17 (STANDALONE)

P&L (Three Months Ending 31st March’ 2017)

Particulars (INR Crore) Q4 FY17 Q4 FY16 % Y-o-Y Q3 FY17 % Q-o-Q Total Income from Operations

3,269.20 2,982.51 9.61% 3,111.69 5.06%

Expenses: Purchases

3,097.70 2,798.08 10.71% 2,988.90 3.64%

Operating Expenses

46.39 68.34

• 32.12%

54.08

• 14.22%

Employee Benefit Expenses

6.97 6.28 10.99% 7.25

• 3.86%

Depreciation

0.77 0.87

• 11.49%

0.33 133.33%

Other Expenses

27.83 5.24 431.11% 7.79 257.25%

Total Expenses

3,179.66 2,878.81 10.45% 3,058.35 3.97%

Profit from operations

89.54 103.70

• 13.65%

53.34 67.87%

(before Other Income, Finance Costs & Exceptional Items) Other Income

75.96 23.86 218.36% 20.79 265.37%

Finance Costs

44.77 17.21 160.14% 12.53 257.30%

Exceptional Items

(0.03) (37.52)

• Profit Before Tax

120.70 72.83 65.73% 61.60 95.94%

Tax Expenses

41.93 37.32 12.35% 19.03 120.34%

(including deferred tax) Net Profit for the Period

78.77 35.51 121.82% 42.57 85.04%

The above results are as per Ind-AS w.e.f 1st April’ 2016 with comparatives restated

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NUMBERS UP-CLOSE FY17 (STANDALONE)

P&L (Full Year Ending 31st March’ 2017)

Particulars (INR Crore) FY 17 FY 16 Variance Total Income from Operations

14,074.83 12,475.93 12.82%

Expenses: Purchases

13,479.27 11,871.99 13.54%

Operating Expenses

210.07 248.04

• 15.31%

Employee Benefit Expenses

28.66 25.39 12.88%

Depreciation

2.71 3.53

• 23.23%

Other Expenses

48.49 26.87 80.46%

Total Expenses

13,769.20 12,175.82 13.09%

Profit from operations

305.63 300.11 1.84%

(before Other Income, Finance Costs & Exceptional Items) Other Income

237.99 184.16 29.23%

Finance Costs

134.59 102.62 31.15%

Exceptional Items

(0.02) (37.52)

Profit Before Tax

409.01 344.13 18.85%

Tax Expenses

118.14 109.70 7.69%

(including deferred tax) Net Profit for the Period

290.87 234.43 24.08%

The above results are as per Ind-AS w.e.f 1st April’ 2016 with comparatives restated

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NUMBERS UP-CLOSE FY17 (CONSOLIDATED)

P&L (Full Year Ending 31st March’ 2017)

Particulars (INR Crore) FY 17 FY 16 Variance Total Revenue from Operations 15310.55 13447.39 13.9% Expenses: Purchases 13479.27 11871.99 13.5% Provision for Expected Credit Loss 113.73 95.19 19.5% Operating Expenses 210.43 248.12

• 15.2%

Employee benefit expenses 43.99 37.20 18.3% Depreciation and Amortization Expenses 21.24 10.15 109.3% Other Expenses 73.23 45.57 60.7% Total Expenses 13941.89 12308.22 13.3% Profit from operations before other income, finance costs and exceptional items 1368.66 1139.17 20.1% Other Income 202.92 153.63 32.1% Profit from ordinary activities before finance costs and exceptional items 1571.58 1292.80 21.6% Finance costs 799.71 630.91 26.8% Profit from ordinary activities after finance costs but before exceptional items 771.87 661.89 16.6% Exceptional items:

• Provision for diminution in value of long term investment
• 37.55
• Profit / (Loss) on sale of fixed assets
• 0.02

0.04 Profit from ordinary activities before tax 771.85 624.38 23.6% Tax expenses: 0.00 0.00 Current tax 288.31 233.25 Deferred tax expenditure/ (income)

• 22.27
• 15.13

Net Profit for the period 505.81 406.26 24.5%

The above results are as per Ind-AS w.e.f 1st April’ 2016 with comparatives restated

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RECEIVABLES & REBATES

Particulars Q4FY17 Q4FY16 FY17 FY16 Net Rebate (Rs. Cr.) 13.47 15.48 47.61 51.97 Net surcharge (Rs. Cr.) 59.44 42.81 95.17 69.91 Margin per unit (Rs./unit) 0.120 0.117 0.078 0.083 Margin per unit (without rebate & surcharge) (Rs./ unit) 0.048 0.058 0.049 0.054

“To be a frontrunner in power trading by developing a vibrant power market and striving to correct market distortions”

Our Vision

For more information contact: Shivank Kapur/ Harsh Wardhan PTC India Limited / Fortuna PR Tel: +91-11-46484266 / Tel: +91 9810162711 Email: investorrelations@ptcindia.com Email: harsh@fortunapr.com

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