Rec Limited · NSE:RECLTD

Rec — Rural Electrification — Q1 FY15 Earnings Presentation

13 slides from Rec's earnings presentation

  1. Slide 1: Management Presentation Performance Highlights – Q1 FY15

    Management Presentation Performance Highlights – Q1 FY15 RURAL ELECTRIFICATION CORPORATION LIMITED A Navratna PSU Powering India.… Transforming Lives…. Moving Forward

  2. Slide 2: Highlights - (Q1 FY15 vs. Q1 FY14)

    Highlights - (Q1 FY15 vs. Q1 FY14) Total Assets increased by 16% from INR 1,36,534 Crore to INR 1,58,898 Crore Outstanding Borrowings increased by 18% from INR 1,11,104 Crore to INR Balance Sheet 1,30,747 Crore Net worth increased by 22% from INR 18,076 Crore to INR 22,004 Crore Total Income in Q1 i

  3. Slide 3: Sanctions - Composition

    Sanctions - Composition (Amount in INR Crore) Q1 Q1 Q2 Q3 Q4 12M Discipline-wise FY 15 FY 14 FY 14 FY 14 FY14 FY 14 FY 13 FY 12 2,753 14,939 10,356 677 3,047 29,019 27,492 23,176 Generation 17% 63% 57% 5% 21% 41% 35% 46% T&D 13,107 7,558 7,539 13,150 11,199 39,446 47,846 23,080 (including RGGVY) 78%

  4. Slide 4: Disbursements - Composition

    Disbursements - Composition (Amount in INR Crore) Discipline-wise Q1 Q1 Q2 Q3 Q4 12M FY 15 FY 14 FY 14 FY 14 FY14 FY 14 FY 13 FY 12 Generation 3,790 2,922 3,855 2,432 3,780 12,989 12,497 12,349 45% 35% 47% 27% 38% 37% 32% 44% 1,579 616 737 1,190 1,570 4,113 5,297 5,354 Transmission 19% 7% 9% 13% 16%

  5. Slide 5: Outstanding Loan - Composition

    Outstanding Loan - Composition (Amount in INR Crore) Q1 Q1 Q2 & H1 Q3 & 9M Q4 & 12M Discipline-wise FY 15 FY 14 FY 14 FY 14 FY 14 FY 13 FY 12 Amount % Amount % Amount % Amount % Amount % Amount % Amount % State 124,600 80 110,069 83 113,421 82 116,161 81 120,875 81 104,662 82 85,036 84 Central PSUs

  6. Slide 6: Loan Quality

    Loan Quality (Amount in INR Crore) Q1 Q1 Q2 & H1 Q 3 & 9M Q4 & 12M Particulars FY 15 FY 14 FY 14 FY 14 FY 14 FY 13 FY 12 Loan outstanding 155,234 132,915 138,475 142,517 148,641 1,27,356 101,426 Gross NPA 1,335* 490 490 490 490 490 490 Provision 243** 112 112 137 137 89 64 Net NPA 1,092 378 378 353

  7. Slide 7: Funds Raised During The Period

    Funds Raised During The Period (Amount in INR Crore) Q1 Q1 Q2 Q3 Q4 12 M Category FY 15 FY 14 FY 14 FY 14 FY 14 FY 14 FY 13 FY 12 1,095 1,110 1,209 1,124 1,907 5,350 4,903 5,239 Capital Gains Bonds 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% - - - - - - - 158 Infrastructure Bonds - - - - - - - 8

  8. Slide 8: Borrowing Profile as at end of the Period

    Borrowing Profile as at end of the Period (Amount in INR Crore) Q1 Q1 H1 9M 12M Particulars FY 15 FY 14 FY 14 FY 14 FY 14 FY 13 FY 12 Amount % Amount % Amount % Amount % Amount % Amount % Amount % Capital Gains, Tax 27,549 21 21,378 19 26,271 22 26,423 21 27,517 22 21,211 20 16,716 18 Free & Infra B

  9. Slide 9: Statement of Assets & Liabilities

    Statement of Assets & Liabilities (Amount in INR Crore) Q1 Q1 Q2 & H1 Q3 & 9M Q4 & 12 M Particulars FY 15 FY 14 FY 14 FY 14 FY 14 FY13 FY12 Liabilities Shareholders Funds 22,004 18,076 18,939 19,435 20,669 17,454 14,563 Borrowings 130,747 111,104 117,791 122,665 126,240 107,791 90,056 Deferred Tax 1

  10. Slide 10: Income Statement

    Income Statement (Amount in INR Crore) Q1 Q1 Q2 Q3 Q4 12M Particulars FY 15 FY 14 FY 14 FY 14 FY 14 FY14 FY13 FY12 Interest Income 4,648 3,914 4,167 4,329 4,396 16,806 13,291 10,264 Finance Costs 2,752 2,302 2,519 2,594 2,623 10,039 8,083 6,432 Net Interest Income 1,896 1,612 1,648 1,735 1,773 6,767

  11. Slide 11: Key Indicators

    Key Indicators Q1 Q1 Q2 Q3 Q4 12 M Particulars FY 15 FY 14 FY 14 FY 14 FY 14 FY14 FY13 FY12 Yield on Loan (%) (Annualised) 12.24 12.03 12.28 12.32 12.08 12.18 11.62 11.21 Cost of Funds (%) (Annualised) 8.57 8.41 8.81 8.63 8.43 8.58 8.17 8.03 Interest Spread (%) 3.67 3.62 3.47 3.69 3.65 3.60 3.45 3.1

  12. Slide 12: Shareholding Pattern

    Shareholding Pattern As on 30.06.14 31.03.14 31.12.13 30.09.13 30.06.13 31.03.13 31.03.12 Description % % % % % % % President of India 65.64 65.64 66.80 66.80 66.80 66.80 66.80 Foreign Institutional 19.24 18.68 19.40 19.76 20.73 20.68 19.53 Investors Resident Individual/HUF 2.62 2.86 2.91 3.04 3.06

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