PTC India Limited Corporate Presentation
PTC: Strategic Intent Our Mission: Promote Power Trading to optimally utilize the existing resources Develop power market for market based investments into the Indian Power Sector Facilitate exchange of power with neighboring countries VISION Our Vision: To be a frontrunner in power trading by developing a vibrant power market and striving to correct market distortions MISSION VALUES 2 Our Values: Transparency The Customer is Always Right Encouraging Individual Initiative Continuous Learning Teamwork
3 PTC: What We Do? The Core Business of PTC is electricity trading Business Model Market making across demand Enter into Power Purchase Agreement (PPA) with Identify Generator Generator / Supplier - supply Identify Demand i.e Distribution Utilities or Retail mismatches & tenors Enter into Power Sale Agreements (PSA) Schedule and dispatch power to Buyer Key Features We are a pure play electricity trader with a balanced business portfolio Earnings are an aggregate of spreads (margin) between the sale and purchase price of electricity PPAs & PSAs are arranged back-toback for minimal risk Late payments attract a penalty & early payments a rebate - Both contractually specified We unbundle and manage concentratio n risk both at the supply and demand side No unaddressed default in our 18 year operating history We take limited credit risk & do not use leverage or mark to market
PTC: A History Incorporated Established PTC Energy 17 PEL Adds 238 MW to its Portfolio Operations Commence 16 PEL Commissions 50 MW Wind Farm 15 Nikhchu HEP - Bhutan Cross Border Trade Commences PFS Listed 11 13 14 Added Bangladesh as a client 09 PTC Retail Started 99 01 02 04 07 PTC Financial Services Created Listing on Bourses 4
PTC: Shareholders & Promoters FIIs 26.4% Others 27.9% NTPC India s Largest Thermal Power Generator Promoters 16.2% PFC Power Sector Focused Development Financial Institution POWEGRID India s Central Transmission Utility Insurance Cos 14.3% Mutual Funds 13.4% Banks 1.8% NHPC India s Largest Hydroelectric Generator 5
6 PTC: Board of s 5 s 5 Nominee s 5 Independant s Mr. Deepak Amitabh Chairman & Managing Mr. K. Biswal (Nominee of NTPC) Mr. Anil Razdan Former Secretary, Ministry of Power Mr. A. K. Verma (Jt. Sec., Ministry of Power) Mr. M. K. Mittal (Nominee of NHPC) Mr. Jayant Gokhale Chartered Accountant Mr. Ajit Kumar (Commercial & Operations) Mr. Ravi P. Singh (Nominee of POWERGRID) Mr. D. Swarup Former Secretary, Budget, Min. of Finance Mr. Arun Kumar (Finance & CFO) Mr. C. Gangopadhyay (Nominee of PFC) Mr. H. L. Bajaj Former Chairman CEA, Former Member APTEL Dr. Rajib.K.Mishra (Marketing & BD) Mr. K. S. Nagnyal (Nominee of LIC) Rakesh Kacker (Retd) IAS
PTC: Key Metrics till FY17 40%+ Dominant Market Leader with over 40% market share 13.8 18.2 327 BUs: Traded since inception 28.6 24.5 24.3 35.1 37.1 42.4 48.3 27 Supplying power to 22 State Utilities FY 09 FY 10 FY 11 FY 12 FY 13 FY14 FY15 FY 16 FY 17 3 International Trader supplying to 3 countries: Nepal, Bhutan & Bangladesh USD 16.7 BN: Cumulative Revenues from Electricity Traded 500+ Over 500 Industrial (Retail) Customers 0.97 1.16 1.34 1.14 1.32 1.72 1.95 1.86 2.1 FY 09 FY 10 FY 11 FY 12 FY 13 FY 14 FY 15 FY 16 FY 17 7 1 USD = 67 INR
PTC Subsidiaries - PTC Financial Services Ltd (PFSL) PTC Financial Services (PFSL) Systemically Important Non Deposit Taking NBFC Classified as Infrastructure Finance Company (IFC) by RBI in 2010 Current Debt portfolio (fund based & non fund based) of USD 1.84 Bn as of 31 st March 2017 with cumulative debt sanctioned of more than USD 3.05 Bn Diversified portfolio in the Energy Business Uniquely positioned as a niche player in renewable financing space (more than 40% of our investment portfolio) 0.05 Cumulative Debt Sanctioned (USD Bn) Loan Assets Outstanding (USD Bn) 0 0.25 0.05 0.46 0.1 0.95 0.19 0.34 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY 17 Investments Portfolio 1.49 1.54 1 USD = 67 INR 3% HYDRO 0.74 1.63 0.95 2.25 20% OTHERS 1.29 14% THERMAL 63% RENEWABLES 3.06 1.58 8
PTC Subsidiaries - PTC Energy Ltd. (PEL) PTC Energy Ltd (PEL) Total Wind Assets of 288.8 MW as on 31st March 2017 Assets in 3 states: Madhya Pradesh, Karnataka and Andhra Pradesh Madhya Pradesh 50 MW Revenue of USD 6.6 Mn in FY17 Karnataka 50 MW 238.8 Revenues (USD Mn) Capacity Addition (MW) 0.14 50 6.6 FY 17 FY16 Andhra Pradesh 50 MW 1 USD = 67 INR 9
PTC: A Responsible Corporate Citizen As a Responsible Corporate, PTC has always contributed towards the welfare of the Society Creation of PTC Trust to carry out CSR initiatives for PTC Group Contributed to The Prime Minister s National Relief Fund towards relief for Nepal, Bihar, West Bengal & Uttar Pradesh earthquake affected people. CSR Initiatives Presently Major thrust areas are: Sanitation / cleanliness Skill development & Women s Empowerment Environmental sustainability 10
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