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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

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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 -

Whole-time 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. R. Nagarajan

Present Director (Finance) of Power Finance Corporation Ltd

• Mr. Ajit Kumar

Director (Commercial & Operations) of PTC India Limited. Former Executive Director of NTPC Limited.

• 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. S. K. Tuteja

IAS (Retd), former Secretary to Govt. of India. Experienced in diverse fields which include District Administration, Education, Industry, Trade, Commerce, Finance and company matters. Currently holds Directorship in various companies.

• Mr. S. S. Kohli

Former CMD IIFCL, PNB, SIDBI and Punjab and Sind Bank , now holds Directorship in various companies

• 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.

Financial Highlights Q4 & FY2016

9 680 1,270 2,296 4,974 6,379 8,634

• 1,500

3,000 4,500 6,000 7,500 9,000 2011 2012 2013 2014 2015 2016

• Rs. crores

Loan Assets

• 20

40 60 80 100 2011 2012 2013 2014 2015 2016 percent Trend in borrowings Loans - Banks Loans - FIs ECBs Bonds / Debentures Commercial Papers

• 100

200 300 400 500 600

• 100

200 300 400 500 600 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016

• Rs. crores

Trend in Profit 74 133 251 420 742 921

• 100

200 300 400 500 600 700 800 900 1,000 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016

• Rs. crores

Interest Income

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Qtr ended 31st Mar 2016 Qtr ended 31st Mar 2015 Particulars Year ended 31st Mar 2016 Year ended 31st Mar 2015 2,131 550 Loan Sanctioned (Rs. Crs) 6,528 4,112 1,450 835 Loan Disbursed (Rs. Crs) 3,555 2,493 8,634 6,379 Loan Assets (Rs. Crs) 8,634 6,379 12.82 13.46 Yield on Loan Assets (%) 13.07 13.71 8.95 9.30 Cost of borrowed funds (%) 9.05 9.38 3.88 4.15 Interest Spread (%) 4.02 4.33 5.76 6.03 Net Interest Margin (%) 5.98 6.30 0.87 0.28 Earnings Per Share (Rs.) 6.96 2.86 7.41 7.27 Cost to Income Ratio (%) 6.71 6.62 21.82 23.71 Capital Adequacy Ratio (%) 21.82 23.71 3.93 3.56 Debt Equity Ratio (%) 3.93 3.56 11.22 4.39 Return on Networth (%) 24.60 11.55 0.56 0.23 Return on Assets (%) 4.43 2.38

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Qtr ended 31st Mar 2016 Qtr ended 31st Mar 2015 Shift % Particulars (Rs. Crores) Year ended 31st Mar 2016 Year ended 31st Mar 2015 Shift % 256.01 200.81 27 Interest Income 921.41 741.61 24

• Profit on sale of equity

investments 206.93

• 13.97

16.44 (15) Other Operating Income 58.58 60.27 (3) 269.98 217.25 24 Total Income 1,186.91 801.89 48 141.20 111.05 27 Interest and financial charges 507.24 400.93 27 5.57 3.49 59 Loss on foreign currency translation 22.87 16.26 41 43.54 65.20 (33) Provisions 95.19 113.93 (16) 9.13 7.47 22 Other operating expenses 30.19 25.47 19 199.44 187.21 7 Total expenses 655.49 556.59 18 70.54 30.03 135 Profit from operation (before

• ther income)

531.43 245.29 117 0.00 0.00 (10) Other Income 0.01 0.02 (28) 70.55 30.04 135 Profit before tax 531.44 245.31 117 21.51 14.23 51 Tax expense (including deferred tax) 140.35 84.44 66 49.03 15.81 210 Profit after tax 391.10 160.88 143

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Equity and Liabilities (Rs. in Crores) As at 31st March 2016 As at 31st March 2015 Shareholders’ funds Share capital 562.08 562.08 Reserves and surplus 1,180.45 875.09 Non-current liabilities Long-term borrowings 4,843.63 3,764.74 Deferred tax liab. (net)

• 7.96

Long-term provisions 61.85 68.10 Current liabilities Short-term borrowings 1,407.62 1,159.86 Trade payables 3.93 3.21 Other current liabilities 681.99 241.44 Short-term provisions 81.23 67.53 Total liabilities 8,822.78 6,750.01 Assets (Rs. in Crores) As at 31st March 2016 As at 31st March 2015 Non-current assets Fixed assets 18.20 22.05 Non-current investments 234.90 339.90 Deferred Tax Assets 4.46 Long-term loans & advances 7,836.16 5,485.36 Other non-current assets 29.54 34.69 Current assets Trade receivables 1.14 0.94 Cash and cash equivalents 24.76 22.56 Short-term loans & advances 206.84 208.30 Other current assets 466.78 636.21 Total assets 8,822.78 6,750.01

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Total 10,908 11,320 12,666 13,492 15,074

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Total 6,379 6,582 7,225 7,795 8,634

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Project Capacity (MW) Outstanding as at 31st Mar 2016 (Rs. crore) Investment Status Indian Energy Exchange Limited N.A. 1.52 • Operational since June 2008.

• PFS holds 5% on fully diluted basis in the Company.

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 196.02

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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