PTC India Financial Services Limited. July 2011

Transcription

1 PTC India Financial Services Limited July 2011

2 PFS Unique Business Model PTC s lineage Across Energy Value Chain Debt Financing Fee Based Services Equity Financing Structured Products 2

3 Operational Highlights Rs. crore Rs. crore 4,000 3,500 3,000 2,500 2,000 1,500 1, Cumulative Debt Sanctioned 284 1,682 3,032 FY 2008 FY 2009 FY 2010 FY Net Interest Income Operating Income ,532 Rs. crore Loan Book Q1 FY FY 2008 FY 2009 FY 2010 FY 2011 Q1 FY Total Income Profit after tax Q1 FY Q1 FY Q1 FY Q1 FY NIM (%) Spread (%) Return on Assets (%) 3

4 Highlights of Income Statement Particulars Q1 FY 2012 (Rs. in Q1 FY 2011 (Rs. in crore) FY (Rs. in % Change Qtr on Qtr crore) crore) Interest Income Interest Expense Net Interest Income Operating Income Other Income CER Financing Personnel and other operating , expenses Depreciation (13.22) Provision for contingencies Profit before tax Less : Tax expense Profit after tax

5 Other Highlights Profit before tax Up 98% to Rs crore (Rs 7.60 crore in Q1 FY ) Profit after tax Up 101% to Rs crore (Rs 5.09 crore in Q1 FY ) Net Interest Income Up 61% to Rs 8.83 crore (Rs 5.48 crore in Q1 FY ) Return on Assets (annualized) of 2.45% (2.04% at Q1 FY ) Nil NPA as at 30 th June 2011 Net Interest Margin (NIM) stands at 4.97% for Q1 FY This excludes interest on fixed deposits with banks. Total effective debt sanction at Rs 4,500 cr as at 29 th July

6 Portfolio Mix Debt Assisted Projects Portfolio Mix Debt Sanctioned Portfolio Mix Disbursements Manufacturing 7% Hydro 20% Solar 2% Wind 4% Bio CNG 0% Biomass 5% Manufacturing 8% Hydro 4% Solar 0% Wind 14% Bio CNG 0% Biomass 5% Coal 57% Gas 13% Coal 56% Gas 3% Cogen 2% Cogen 0% 6

7 Overview of Major Equity Investments Equity Investments Indian Energy Exchange Limited IndBarath Powergencom Limited IndBarathEnergy (Utkal) Limited Meenakshi Energy Private Limited East Coast Energy Private Limited R S India Wind Energy Private Limited 7 Capacity (MW) Outstanding as at (Rs Crore) N.A , Total Investment Status Operational since June PFS currently holds 21% after divesting 5% stake during FY Further divestment is underway. The project is fully commissioned. PFS has put option exercisable in August Financial closure has been achieved. All clearances received and project is on track to be commissioned by March Phase I (300MW)project is expected to be commissioned in December 2011 Phase II (600 MW) project is on track after financial closure and expected to be commissioned in March Project on track after financial closure. Clearance from Expert Appraisal Committee, MoEFreceived on recent environment issues. Exercise is underway for swap of shares to the holding company which is awaiting FIPB approval. Rs cr invested in MW wind power project. Phase I (41.25 MW) of the project fully commissioned and phase II is under implementation Rs 7.18 cr invested in WTG manufacturing facility housed in a subsidiary company

8 Fuel & PPA for Coal Based Projects (Equity) Name of the Company Fuel Source % of total sanction of coal projects Ind Barath Energy (Utkal) Limited Meenakshi Energy(Private Limited (Phase I 300 MW) Ind Barath Powergencom Limited East Coast Energy Private Limited Meenakshi Energy Private Limited (Phase II 600 MW) 100% domestic coal 100% Imported Coal 100% Imported Coal 70% Domestic Coal linkage + 30% Imported Coal 70% Domestic Coal linkage + 30% Imported Coal Domestic coal linkage and backup of group coal mines abroad Coal Tolling arrangement with PTC India Limited 21.69% 20.25% Coal imported by PEL and a group company 11.49% coal mine abroad Group Company coal mine abroad 27.56% Others 19.01% Total 100% All these projects have PPA with PTC India Limited 8

9 Fuel and PPA for Coal Based Projects (Debt) Fuel Source Total No. of Projects (Amount Sanction) To% of total sanction PPA with PTC (Long / Short Term) PPA with State Utilities / Captive 100% Domestic Coal Linkage 100% Captive Coal Block Sanctioned & Disbursement started (Case 1 or process of FSA started) Sanctioned but disbursement yet to start Sanctioned & Disbursement started 2 (106.87) Group Company 1 having own (200) mines Others 1 (125) 5 (319.17) 6.68% % 1 (Captive) 7.81% 19.92% 3 2 Sanctioned but disbursement yet 2 (450.00) 28.11% 2 (Captive) to start 100% Imported Coal through own mines % 1 70% Domestic Coal linkage + 30% Imported Coal (120.00) Sanctioned & Disbursed 1 Sanctioned but documents yet to be executed (120.00) % 2 (160.00) Total % % 9

10 Way Forward Focus on renewable power and other emerging segments of power sector Expand fee based services and CER financing Continue to develop strategic partnerships with international finance institutions Maintain optimal mix of equity investments and debt financing Consolidate position as preferred financing solutions provider, especially for smaller & medium power projects Offer comprehensive structured financing solutions to private power sector developers 10

11 11 Thank You