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PTC India Limited

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• Core Values • Transparency • The Customer is always right • Encouraging Individual initiative • Continuous Learning • Teamwork

PTC: Vision and Core Values

• Vision • To be a Frontrunner in developing a vibrant Power

Market and striving to correct market distortions

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PTC: Genesis & Objectives

5 October 2016

PTC India Ltd. (PTC), was established in 1999 by Govt. of India as a Public-Private Initiative

Board comprising eminent persons from the GoI, PSUs and Industry

Established with primary focus on

• promoting power trading to optimally utilize existing resources

• attract investments in the power sector on the strength of multi-buyer model

• creating a Power Market in India and neighboring countries

Promoted by public sector majors in the industry : NTPC, POWERGRID, PFC and NHPC

Stock listed on BSE and NSE since 2004; widely held by institutions

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PTC: Shareholding

• Diversified shareholding

• Professionally managed Board of the Company

Promoters 16.2% Mutual

Funds 13.4%

FIs/Banks 1.8%

Insurance Cos.

14.3%

FIIs 26.4%

Others 27.9%

As on 31.03.2016

NTPC

India’s largest thermal power

generator

POWERGRID

India’s Central Transmission

Utility

PFC

Development Financial

Institution dedicated to the

power sector

NHPC

Largest Hydroelectric

power generator in India

Promoters

Mr. Deepak Amitabh Chairman and Managing Director

Ms. Jyoti Arora Director (Jt. Sec., Ministry of Power)

Mr. Ajit Kumar Director (Commercial & Operations)

Mr Arun Kumar Director (Finance) & CFO

Dr Rajib K Mishra Director (Marketing and Business Development)

Mr. A. K. Agarwal Director (Nominee of PFC)

Mr. Anil Razdan Independent Director (Former Secretary, Ministry of Power)

Mr. Dipak Chatterjee Independent Director (Former Secretary, Ministry of Commerce)

Mr. D. Swarup Independent Director (Former Secretary, Budget, Min. of Finance)

Mr. Hemant Bhargava Director (Nominee of LIC)

Mr. H. L. Bajaj Independent Director (Former Chairman, CEA / Former Member, APTEL)

Mr. Jayant Kumar Director (Nominee of NHPC)

Mr. K. Biswal Director (Nominee of NTPC)

Mr. Ravi P. Singh Director (Nominee of POWERGRID)

Mr. Ved Kumar Jain Independent Director (Former President of ICAI)

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PTC: Board of Directors

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PTC: Milestones

Incorporated

Commenced sustained

Business Operations

Commencement of

Cross Border Trade

Listed on

NSE and BSE

Established PTC

Financial Services

Established

PTC Energy Ltd.

PFS Listed on

NSE and BSE

Started PTC Retail for

HT/industrial consumers

Export of power

to Bangladesh

Signed Agreements for Nikhchu HEP in Bhutan;

Long Term Share ~40% of total volume

PEL’s 50 MW Wind

Projects Commissioned

1999 2001 2002 2004 2007 2009 2011 2013 2014 2015 2016

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PTC: Capability Profile

Renewable Energy

• PTC Energy Limited –Wind Power Projects

• Scheduling and despatch of Solar Power (750 MW-SECI)

• Trading of Solar Power (MOU with SECI)

Power Trading

• Domestic OTC market;

Short/Medium& Long-term trades (utilities)

Retail (Open Access consumers)

• Cross Border trade

Investments

• Early stage support as Equity Investor / co-developer

• PTC India Financial Services Ltd.

Advisory Services

• Portfolio Management Services

• Energy efficiency implementation

• Transmission Infrastructure based services

An Integrated Energy Player

* - Investment related business primarily through subsidiaries

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Capability Profile contd…

• Relationship with all utilities in the country - Currently trading with utilities in 27 States/UTs

• More than 400 clients in Retail segment

Pan India Presence

• ~6047 MW (42.4 BUs)

• 36% of Power Exchanges’ volume contributed by PTC

Trading Volume in FY16

• Total PPAs – more than 11,000 MW. Sale tie ups: more than 7,500 MW (including Cross Border Sales)

• With domestic and international developers and covering all major sources of generation

Power Purchase Agreements

•Total LOI placed with PTC – ~4300 MW

•PPA signed out of above – ~2300 MW

Success in Case-1 Bidding

•Managing complete power portfolio of various States/Utilities

• Jharkhand, NEEPCO, NHPC, Haryana, BSEB, Himachal Pradesh, Chhattisgarh, NDMC, Tripura etc.

Power Portfolio Management

* - Converted at 80% PLF

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Bhutan

• Long-term PPAs with Chukha (336 MW), Kurichhu (60 MW) and Tala (1020 MW) HEPs

• 5107 MUs in FY2016

• Annual Revenue for Bhutan - ~ INR 1059.6 crore (~USD 158 million at INR – USD conversion ratio of 67)

• Long Term PPA with Tangsibji for 118 MW Nikachhu HEP proposed to be commissioned in 2019. Back-to Back PSA with Assam State Utility

Nepal

• India- Nepal power trade is at a moderate level – 136 MUs through PTC in FY2016

• PSA with Nepal Electricity Authority (NEA) for export of 150 MW on long-term basis

Bangladesh

• Supplying 250 MW for medium-term (3 years); Traded 1908 MUs in FY 2016

• BPDB issued LoI to PTC for supply of 40 MW power for two years

Cross Border Trading

PTC uniquely placed at the centre to contribute more to cross-border power trade

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PTC: Growth

1.6 4.2 11.0 8.9 10.1 9.5 9.9

13.8 18.2

24.5 24.3 28.6

35.1 37.1 42.4

0.0

10.0

20.0

30.0

40.0

50.0

FY 02 FY 03 FY 04 FY 05 FY 06 FY 07 FY 08 FY 09 FY 10 FY 11 FY 12 FY 13 FY14 FY15 FY 16

Total MUs traded

6,529 7,773

8,999 7,650

8,857

11,511 12,799 13,082

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY 16

Trading Volume (Billion Units)

Revenues (INR Crore)

• About 279 BUs traded since inception • About 94,000 crore (USD 14 billion) worth of electricity traded since inception

PBT (INR Crore)

113 132

197 166 178

364

301 344

0

100

200

300

400

FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY 16

10 July 2014 11

Growth in Power Trading

• Power Trading growth

• Volume has grown from 22 BUs in 2008 to 115 BUs in FY16

• As percentage of total generation, ST market has grown from 3% in 2008 to 10.5% in FY16

• Power Exchanges started in 2008

• Two exchanges – IEX and PXIL

• PTC co-promoter of Indian Energy Exchange (IEX) which has > 99% market share

• Type of Trades

• Day Ahead Market (DAM) – 97% of PX trades

• Term Ahead Market (TAM) – 3% of PX trades

• Renewable Energy Certificates (RECs)

0

2

4

6

8

10

12

0

20

40

60

80

100

120

140

ST Market Volume (BUs)

% of Total Generation

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Power Market Over Last Two Fiscals

Share of Different Segments in Total ST Volume

Year Bilateral (Traders +

TAM)

Direct Bilateral

Power Exchanges (PX)

(Only DAM)

Unscheduled Interchange (UI)

Total Volume in ST

2015-16 (BU) 36.3 24.0 34.1 20.8 115

2014-15 (BU) 35.5 15.6 28.5 19.4 99

Growth (%) 2.3 54.4 19.8 6.7 16.4

Growth of Different Components of ST Market

36

16 29

20

2014-15

Bilateral Traders Direct Bilateral PX UI

32

21 30

18

2015-16

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• Systemically Important Non Deposit Taking NBFC

• Classified as Infrastructure Finance Company (IFC) by RBI in 2010

• Current Debt portfolio of Rs. 8,634 Cr as of 31st March 2016 with cumulative debt sanctioned of more than Rs 15,000 Cr

• Diversified portfolio in the Energy Business

• Uniquely positioned as a niche player in renewable financing space (more than 40% of our investment portfolio)

Operational Highlights (INR Cr.)

PTC India Financial Services (PFS): Investments in Energy Value Chain

-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16

Cumulative Debt Sanctioned

Loan Assets Outstanding

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Distribution of Projects Across the Value Chain

Equity Investment Highlights

PFS: Investments in Energy Value Chain

Thermal 24%

Renewable 53%

Hydro 5%

Others 18%

Loan sanction

Thermal 30%

Renewable 44%

Hydro 5%

Others 21%

Loan outstanding

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• Facilitating power supply competitively to bulk consumers Airports Authority of India, DMRC etc.

• Grants from Prosperity Fund (British High Commission, UK Govt.) for jointly implementing the concept of supply licensee

• Providing project management consultancy for street lightning projects in two identified circles of Andhra Pradesh

• Advisory to bulk consumers i.e. petroleum refineries to enhance grid transmission capacity to ream market benefits through Open Access

PTC Retail and other Integrated Solutions

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• PEL has commissioned 50 MW wind projects in FY 16

• Financing development of Renewable power projects through its subsidiary PTC India Financial Services

• Signed MoU with MNRE & NIWE, along with NTPC, POWERGRID, PFC, IREDA and GPCL for offshore wind projects on pilot basis

• Facilitating Power sale from renewable projects to utilities; Signed MoU with SECI for

trading of 3000 MW solar power projects

Scheduling of solar power for 750MW solar projects under VGF scheme

PTC Group in Renewables

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• As a Responsible Corporate, PTC has always contributed towards the welfare of the Society

• Presently Major thrust areas are: Sanitation / cleanliness and Skill development & Women’s Empowerment Environmental sustainability

The Initiatives include:

• To maintain cleanliness in its surrounding: ongoing “Sanitation Work “at Bhikaji Cama Place.

• To uplift the Social status of underprivileged females ongoing: project on “Promotion of Education, Gender Equality and Women empowerment” at Village Basai, Gurgaon.

• To enhance the livelihood of underprivileged “Skill Development” project was taken up at Wind Power Project Sites, Ratlam, Madhya Pradesh.

• Contributed to The Prime Minister’s National Relief Fund towards relief for Nepal, Bihar, West Bengal & Uttar Pradesh earthquake affected people.

Corporate Social Responsibility Activities

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• Focus on balanced development of trading business portfolio for sustained growth

Comprehensive strategy to maintain and enhance presence in multiple business segments like long term, medium term and short term sales to utilities as well as to the retail (Direct-to-Business) segment

To focus on technology intensive businesses

• Long term volume is expected to move to 50% plus of total trading volume in 2-3 years from ~40% in 2015-16

• Group policies for effective management of Risks and Resources

• Well positioned to benefit from improvements in policy & regulatory environment; strong balance sheet, robust cash flows, experience from a 17-year operating history

• PTC to continue to consolidate its leadership position and maintain growth; subsidiaries to give synergies

Way Forward

19 5 October 2016

Visit us at www.ptcindia .com

Thank You