Investment in GMR Jadcherla Expressways Limited (GJEL) and Trichy Tollways Private Limited (TTPL)

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Erick Henry
6 years ago
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1 SBI Macquarie Infrastructure Trust SBI Macquarie Infrastructure Trust Investment in GMR Jadcherla Expressways Limited (GJEL) and Trichy Tollways Private Limited (TTPL)

2 SMIT Invests into GJEL and TTPL SMIT invests into 2 operating toll road companies SBI Macquarie Infrastructure Trust ( SMIT ) and its co-investor Macquarie SBI Infrastructure Fund ( MSIF ) have : acquired a 74% stake in GMR Jadcherla Expressways Limited ( GJEL ) for an investment of INR 2,035million 1. executed binding transaction documents to acquire a 74% stake in Trichy Tollways Private Limited ( TTPL ) for an investment of INR 2,747 million 1,2. GJEL and TTPL own operating toll roads located in the south Indian states of Andhra Pradesh and Tamil Nadu respectively. 1. Excluding transaction costs 2. Investment subject to customary closing conditions STRICTLY CONFIDENTIAL 1

GJEL Asset Snapshot The road (Farukhnagar Jadcherla) is part of the

NH7 is the north-south corridor connecting Varanasi & Kanyakumari

are Hyderabad and Mahbubnagar Hyderabad is India s fourth largest

Key industries IT and Pharmaceuticals Mahbubnagar is a rural

3 GJEL Asset Snapshot The road (Farukhnagar Jadcherla) is part of the National Highway network (NH7). NH7 is the north-south corridor connecting Varanasi & Kanyakumari The cities that have the most influence on the traffic of this road are Hyderabad and Mahbubnagar Hyderabad is India s fourth largest city and one of its fastest growing. Key industries IT and Pharmaceuticals Mahbubnagar is a rural district primarily focused on agriculture Of the total concession period of 20 years, 13.5 years are currently remaining Road Details Length (km) 58 Lanes 4 Concession start date August 2006 Commercial Operations Date Feb 2009 Concession end date August 2026 STRICTLY CONFIDENTIAL 2

TTPL Asset Snapshot Road Details TTPL owns the 94 km stretch between Ulundurpet and Padalur

Of the total Lanes 4 concession period of 20 years, almost 14 years are Concession start

Commercial Operations Date Concession end date September 2009 December 2026 The road was

4 TTPL Asset Snapshot Road Details TTPL owns the 94 km stretch between Ulundurpet and Padalur on National Highway 45 (NH-45). Length (km) 93.9 The road has a 3 year operating history. Of the total Lanes 4 concession period of 20 years, almost 14 years are Concession start date December 2006 currently remaining. Commercial Operations Date Concession end date September 2009 December 2026 The road was developed by the Indian business group Shapoorji Pallonji and IJM of Malaysia Location of the road Ulundurpet Padalur STRICTLY CONFIDENTIAL 3 Trichy

5 Important notice & disclaimers This document does not constitute an offer to sell or a solicitation of an offer to subscribe or purchase or a recommendation of any securities and may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in such jurisdiction. No action has been or will be taken which would allow an offering of securities to the public. This document contains preliminary information only and Macquarie or State Bank of India has no obligation to update this document or correct any inaccuracies or omissions in it. No person is authorised to give any information or to make any representation not contained in this document in connection with the matters described in this document, and, if given or made, such information or representation may not be relied upon as having been authorised. This document and its contents are confidential to the person to whom it is delivered and must not be reproduced or distributed, either in whole or in part, nor its contents be divulged by such persons to any other person without the prior written consent of Macquarie and State Bank of India. Past performance is not an indication of future performance and Macquarie and State Bank of India does not guarantee the performance of or return of capital from any investment in any fund. There is no assurance that any fund discussed will receive investment opportunities from any division of Macquarie or State Bank of India. Macquarie Bank Limited ABN (MBL) is authorised by the Australian Prudential Regulation Authority in the Commonwealth of Australia to carry out banking business or to accept deposits in Australia. Each of MBL, acting through its London branch, and Macquarie Bank International Limited is authorised and regulated by the UK Financial Services Authority to carry on banking business and to accept deposits in the United Kingdom. Macquarie Group Limited and its related corporations are not otherwise currently authorised to carry out banking business or to accept deposits in any of the Asian jurisdictions. Other than Macquarie Bank Limited ABN ( MBL ), none of the entities noted in this document is an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these entities do not represent deposits or other liabilities of MBL or any entity of Macquarie and are subject to investment t risk including possible delays in repayment and loss of income and capital invested. MBL or any entity of Macquarie does not guarantee or otherwise provide assurance in respect of the obligations of these entities Macquarie and State Bank of India has prepared this document on the basis of sources believed to be reliable. The accuracy of such information (including all assumptions) has been relied upon by Macquarie and State Bank of India, and has not been independently verified. Nothing in this document constitutes accounting, legal, regulatory, tax or other advice. Prospective investors should conduct their own independent investigation and assessment and should seek independent advice as to the validity of the information contained in this document, and the economic, financial, regulatory, legal, taxation, stamp duty and accounting implications of that information, including the merits of and any risks relating to any investment. Except as required by law, Macquarie and State Ban k of India and their respective directors, officers, employees, agents and consultants make no representation or warranty as to the accuracy or completeness of the information contained in this document, and take no responsibility under any circumstances for any loss or damage suffered as a result of any omission, inadequacy, or inaccuracy in this document. This document may contain certain forward looking statements, forecasts, estimates, projections and opinions ( Forward Statements ). No representation is given that any Forward Statements will be achieved or will prove to be correct. A number of factors, in addition to any risk factors stated in this material, could cause actual future results and operations to vary materially from the Forward Statements. Similarly no representation is given that the assumptions disclosed in this document upon which Forward Statements may be based are reasonable. There can be no assurance that the investment strategy or objective of any fund will be achieved or that investors will receive a return of the amount invested. Investment in any fund is subject to significant risks of loss of income and capital. The name "Macquarie" in this document refers to the Macquarie Group which comprises Macquarie Group Limited ABN and its worldwide, subsidiaries, affiliates and funds that they manage. STRICTLY CONFIDENTIAL 4

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