PTC India Financial Services Limited Results... · Q4 FY12 Q3 FY12 Q4 FY11 FY 12 FY 11 ... commissioned by July 2013. Meenakshi Energy Private Limited 900 114.42 • Phase I (300MW)

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.

MissionTo 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 atMarch 31, 2012

As atMarch 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

`C

rore

s

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

`C

rore

s

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

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Coal65%

Hydro14%

Wind7%

Biomass2%

Gas2%

Solar2%

Others8%

Debt Sanctioned

Coal53%

Hydro7%

Wind15%

Biomass2%

Gas7%

Solar4%

Others12%

Debt Outstanding

Overview of Major Equity InvestmentsEquity 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

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PTC India Limited60%

FIIs21%

Banks / FI1%

Insurance Companies

3%

Bodies Corporate4% Mutual

Funds2%

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, 2012Name % 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 ShareholdersDSP 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 of equity investments

and debt financing

Expand fee based services and CER

financing

Thank You

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