Reliance Infrastructure Limited · NSE:RELINFRA
Reliance Infrastructure — Investor Presentation (June 2009)
41 slides from Reliance Infrastructure's investor presentation, June 2009
Slide 1: Reliance Infrastructure Ltd. Investor Presentation
Reliance Infrastructure Ltd. Investor Presentation June, 2009
Slide 2: Forward looking statements – Important Note
Forward looking statements – Important Note This presentation and the discussion that follows may contain “forward looking statements” by Reliance Infrastructure that are not historical in nature. These forward looking statements, which may include statements relating to future results of operation,
Slide 3: Business Overview
Business Overview Power Business EPC Business Infrastructure Business Generation Roads EPC Metros Transmission for Power Sector Airports/ Distribution Ports Real Estate/ Trading SEZ’s 3
Slide 4: Reliance Infrastructure Ltd. – New Structure
Reliance Infrastructure Ltd. – New Structure Mumbai Metro Fuel CBM (45%) 69% Oil Blocks (70%) Line 1 Reliance Infrastructure Assets Coal Field (100%) EPC + Investments Delhi Airport 95% (Listed Company) 45% Reliance Metro Express Power Link 100% Reliance Reliance Reliance Reliance Reliance Energy Re
Slide 5: Power Business
RELIANCE Infrastructure Anil Dhirubhai Ambani Group
Slide 6: Power Generation
Power Generation Power Generation Capacity of 941 MW Integrated with distribution : Dahanu Thermal Power Station – 500 MW Dahanu & Goa plants Samalkot Power Plant - 220 MW Operating Dahanu plant at Goa Power Station - 48 MW ~100% PLF from last 5 years Wind Farm Projects in Karnataka - 7.
Slide 7: Future Power Generation through Reliance Power
Future Power Generation through Reliance Power.. R Infra owns 45% of R Power Reliance ADA Group’s GENCO, to develop all future power generation assets in India and overseas Develop, construct and operate 33,480 MW of generating capacity Diversified portfolio of 16 projects consists of Coal,
Slide 8: Reliance Power Ltd – Pan India Presence
Reliance Power Ltd – Pan India Presence Siyom (1,000 MW) Capacity Urthing Sobla (400 MW) Tato II (700 MW) Type Kalai II (1,200 MW) (MW) Amulin (420 MW) Domestic Emini(500 MW) 13,380 coal Dadri (7,480 MW) Mihundon (400 MW) Gas 10,280 Imported Rosa Phase I (600 MW) 5,200 coal Rosa Phase II (600 MW) Hy
Slide 9: Power Transmission
Power Transmission Project Name Project Cost Share-holding Update Western Region Financial closure achieved Licenses granted by CERC Strengthening Rs 13.8 Bn 100% Trading agreements signed Scheme Work started by EPC division Transmission lines Licenses granted by CERC Rs 10.8 Bn R Infra -7
Slide 10: Opportunities Ahead – Transmission
Opportunities Ahead – Transmission Estimated Project Cost Project (Rs Bn) Mumbai Transmission 22 7 Projects at RFQ Stage 70 Standalone Central Projects 150 Standalone State Projects 190 Captive Projects 120 Total 552 Pipeline of transmission projects worth ~Rs 550 Bn in next 3-4 yrs 10
Slide 11: Power Distribution
Power Distribution Mumbai Serves 2 out 3 homes in Mumbai & Delhi Serve over 5.2 million customers Have exclusive distribution license Distributes over 5,000 MW of power Largest private sector distributor of power 11
Slide 12: Mumbai Distribution
Mumbai Distribution Distributing power to over 2.7 million customers • 1,509 MW of peak demand • Adding 0.1 million customers every year Among the lowest AT&C loss levels in the Country • AT&C losses of <11% • Reliability of 99.95% Continuous upgradation and modernization undertaken • Yearly i
Slide 13: Delhi Distribution
Delhi Distribution Privatized in 2002 R Infra own 49% in both discoms Distributing power to over 2.5 million customers 2,650 MW of peak demand AT&C loss reduction of ~35% In BRPL from 51% to 20% In BYPL from 63% to 23% Invested Rs 34 Bn till date Delhi Govt. saved Rs 144 Bn in firs
Slide 14: Opportunities Ahead - Distribution
Opportunities Ahead - Distribution Estimated Project Cost Project (Rs Bn) 7 cities in UP under franchisee model 21 4 cities in Bihar under franchisee model 12 Another 10 cities from Maharashtra & MP 30 Total 63 More states would open up as per agenda of new Government 14
Slide 15: Reliance Energy Trading Ltd
Reliance Energy Trading Ltd 1,934 Traded 1,934 MU’s in FY 09 Tied up with merchant and captive power plants for assured trading of 60,000 MU’s during 25 years 1,050 Integration with generation capacity of 1,022 R Power & captive distribution businesses 482 FY06 FY07 FY08 FY09 Among the top 3 p
Slide 16: EPC Business
RELIANCE Infrastructure Anil Dhirubhai Ambani Group
Slide 17: EPC Business
EPC Business Revenue Order Book of Rs 206.2 Bn (Rs Bn) EBIT Margin R Power & Internal : Rs 154 Bn (%) 25 - Sasan UMPP 25 15 - Butibori 20.9 - WRSS 20 12 External: Rs 52.2 Bn - Raghunathpura, DVC - Hisar EBIT margin (%) 14.4 Revenue (Rs Bn) 15 9 12.4 - Parichha (BOP) - UP Rural Electrification
Slide 18: EPC Business – Major Initiatives
EPC Business – Major Initiatives Signed MOU with Black & Veatch, USA Developing largest center for engineering excellence in India for engineering consultancy Mentoring support to projects based on Super Critical Technology Remote surveillance of project sites Building competencies in Stee
Slide 19: Infrastructure Business
RELIANCE Infrastructure Anil Dhirubhai Ambani Group
Slide 20: Infrastructure Projects
Infrastructure Projects Gurgaon 6 road projects : 467 km, Faridabad Road Project Cost : Rs 39.3 Bn Delhi Metro Project Metro projects in Mumbai & Delhi covering 35 kms Project Cost : Rs 52.4 Bn Mumbai Metro CBD & Trade Tower in Commercial Business Hyderabad with build-up area District & Trade of 25
Slide 21: Road Projects – Reliance Infraventures Ltd
Road Projects – Reliance Infraventures Ltd
Slide 22: Roads – 5 Projects in Tamil Nadu
Roads – 5 Projects in Tamil Nadu Project Length Cost COD Concession (Km) (Rs Bn) Period* Namakkal Karur 44 3.4 Q1 FY10 20 years (NK Toll Project) Dindigul 53 4.1 Q1 FY10 20 years Samyanallore (DS Toll Project) Trichy Karur 80 7.6 Q2 FY11 30 years (TK Toll Project) Trichy Dindigul 88 5.6 Q2 FY11 30 y
Slide 23: Roads – Project in Delhi NCR
Roads – Project in Delhi NCR BOT project for Haryana PWD in Delhi NCR Concession period of 17 years; includes 24 months of construction period Total Project Cost of Rs 7.8 Bn SPV formed : GF Toll Road Project Scope Length (Km) 2 to 4 laning 27.4 (Gurgaon to Faridabad) Upgradation of 2 lanes
Slide 24: Roads - Projects in Pipeline
Roads - Projects in Pipeline Estimated Project Cost Project Current Status (Rs Bn) Emerged L1 bidder, LOA Western Freeway Sea Link 53 awaited Eastern Peripheral Expressway 35 Emerged preferred bidder RFP submitted; results are 2 Projects of 335 kms 10 awaited Punjab Expressway 80 DPR submitted Feb09
Slide 25: Metro Projects
RELIANCE Infrastructure Anil Dhirubhai Ambani Group
Slide 26: Metros – Current Projects
Metros – Current Projects Debt : Shareholding Project Length Concession Project Grant : COD Cost (Km) Period* Equity Mumbai a) R Infra : 69% Metro – Line I Q2 b) MMRDA : 26% Rs 23.5 Bn 51:27:22 12 35 Years FY11 c) Veolia : 5% Delhi Airport a) R Infra: 95% Q2 Express Link Rs 28.8 Bn 2.33:0:1 23 30 Ye
Slide 27: Mumbai Metro Line 1 Project
Mumbai Metro Line 1 Project All major contracts awarded Elevated metro rail connecting Versova Rolling Stock Stations – Andheri – Ghatkopar Sew CSR Infra 12 stations along the corridor Nanjing, China Reduction in travel time by 80 mins i.e. 15 mins from current 95 mins Power Supply Viaduct & T
Slide 28: Mumbai Metro – Construction Progress
Mumbai Metro – Construction Progress Construction in full swing at all locations viz. Andheri, Airport Road, Sakinaka, Versova, Marol and Ghatkopar Complete land & 80% of Right of Way (ROW) is in possession Over 100 engineers working on the project Financial closure achieved – IDBI Bank is t
Slide 29: Delhi Airport Metro Express Link Project
Delhi Airport Metro Express Link Project Metro express link connecting New Delhi Railway Station to Dwarka through IGI Airport All major contracts like Rolling stock, Signalling, Traction, Power supply has been awarded All system designs are finalized Financial closure achieved – Axis Bank i
Slide 30: Metros – Projects in Pipeline
Metros – Projects in Pipeline Mumbai Metro Line 2 Project R Infra emerged as sole bidder Comprising a 32 km elevated track along the Mankhurd-Bandra-Charkop corridor having 27 stations Concession period of 35 yrs Viability Gap Funding of Rs 23 Bn Estimated Project Cost of Rs 80 Bn as per M
Slide 31: Specialty Real Estate
Specialty Real Estate CBD & Trade Tower SEZ Developing a 100 storeyed Trade Setting-up IT/ITES SEZ at DAKC, Navi Tower & Business District in Hyderabad Mumbai on 80 acres of land over 7 years Over 45 acres area - Initial saleable Unlimited FSI & no restriction on mix area of 4 Mn sqft use
Slide 32: Airports & Ports
Airports & Ports Submitted bids for 5 regional airports on DBFO (Design, Build, Finance, Operate) basis Developing airstrip for captive use at Sasan UMPP Submitted EOI to participate in the privatization of Prague International Airport, Czechoslovakia Have technical partnership with ASA of M
Slide 33: Financial Strengths
RELIANCE Infrastructure Anil Dhirubhai Ambani Group
Slide 34: Financial Highlights
Financial Highlights Key Financial Parameters (Rs. Bn) Revenue EBITDA Net Profit 18 11 106 17 10 14 8 74 66 FY07 FY08 FY09 FY07 FY08 FY09 FY07 FY08 FY09 Growth across key financial parameters 34
Slide 35: Looking Back- FY09
Looking Back- FY09 (Rs Bn) Balance Sheet P&L A/c Standalone FY 08 FY 09 SOURCES OF FUNDS Standalone FY 08 FY 09 Share Capital 2.26 2.26 Share Warrants 7.83 7.83 Net Income 64.48 98.69 Reserves and Surplus 106.68 108.98 Secured Loans 11.25 18.48 Operating EBITDA 7.62 10.30 Unsecured Loans 38.64 54.84
Slide 36: Shareholding Pattern
Shareholding Pattern Category Shareholding Completed largest buyback - bought 11.26 Mn shares Reliance Anil Dhirubhai aggregating to Rs 9.23 Bn Ambani Group 37.8% Foreign Investors 17.1% New equity capital infusion of Rs 43 Bn to promoters at Domestic Institutions - 31.1% Financial Institutions,
Slide 37: To sum up……
RELIANCE Infrastructure Anil Dhirubhai Ambani Group
Slide 38: Aligned interest with best players….
Aligned interest with best players…. Project Partners Alliances 38
Slide 39: Moving Ahead….
Moving Ahead…. Infrastructure - Expanding footprint in all high growth sectors : Ten projects with aggregate outlay of Rs 172 Bn & growing…… Generation – Existing development pipeline of 33,480 MW in Reliance Power • No further capital infusion required Transmission – Implementing 3 projects w
Slide 40: Moving Ahead….
Moving Ahead…. EPC Business - Healthy EPC order book of over Rs 206 Bn Power Trading – Among top 3 private players and business to grow steadily Fuel Linkage - Will have complete fuel linkage for generation assets Very healthy balance sheet to capitalize on growth opportunities Growth at exp
Slide 41: Thank You
RELIANCE Infrastructure Anil Dhirubhai Ambani Group Thank You
Reliance Infrastructure — Investor Presentation (June 2009) on 6ix