Rec Limited · NSE:RECLTD

Rec — Rural Electrification — Q4 FY2016 Earnings Presentation

13 slides from Rec's earnings presentation, 2016

1. Slide 1: Management Presentation Performance Highlights Q4 & 12M FY16

    Highest Domestic credit Management Presentation rating “AAA” from CRISIL, CARE, India Ratings & Research and ICRA Performance Highlights  International credit rating at Q4 & 12M FY 16 par with sovereign rating of India “Baa3” from Moody’s & “BBB-” from FITCH RURAL ELECTRIFICATION CORPORATION LIMI

2. Slide 2: Highlights - 12M FY16 vs. 12M FY15

   Highlights - 12M FY16 vs. 12M FY15 (Amounts in INR Crore) Balance Sheet Income Statement Business 2

3. Slide 3: Sanctions - Composition

   Sanctions - Composition (Amount in INR Crore) Q1 Q2 Q3 Q4 12M Discipline-wise FY 16 FY 15 FY 16 FY 15 FY 16 FY 15 FY 16 FY 15 FY16 FY15 FY 14 1,112 2,753 16,617 6,949 6,667 11,877 6,398 2,747 30,794 24,326 29,019 Generation 15% 17% 56% 58% 54% 64% 39% 19% 47% 40% 41% T&D (including 5,978 13,107 12,8

4. Slide 4: Disbursements - Composition

   Disbursements - Composition (Amount in INR Crore) Q1 Q2 Q3 Q4 12M Discipline-wise FY 16 FY 15 FY 16 FY 15 FY 16 FY 15 FY 16 FY 15 FY 16 FY 15 FY 14 2,428 3,790 2,563 3,864 3,371 2,453 4,762 4,016 13,124 14,123 12,989 Generation 26% 45% 20% 39% 28% 25% 40% 27% 29% 33% 37% 1,661 1,579 2,278 1,435 1,64

5. Slide 5: Outstanding Loan - Composition

   Outstanding Loan - Composition (Amount in INR Crore) Q1 Q2 & H1 Q3 & 9M Q4 & 12M Discipline- FY 16 FY 15 FY 16 FY 15 FY 16 FY 15 FY 16 FY 15 FY 14 wise Amount % Amount % Amount % Amount % Amount % Amount % Amount % Amount % Amount % State 147,422 79 124,600 80 159,146 82 127,542 79 166,682 82 133,01

6. Slide 6: Loan Quality

   Loan Quality (Amount in INR Crore) NPAs and its provisioning Q1 Q2&H1 Q3&9M Q4 & 12M Particulars FY 16 FY 15 FY 16 FY 15 FY 16 FY 15 FY 16 FY 15 FY 14 Loan outstanding 186,420 155,234 194,648 162,421 202,885 168,971 201,278 179,647 148,641 Gross NPA 1,577 1,335 2,088 1,335 3,432 1,335 3,432 1,335 49

7. Slide 7: Loan Quality

   Loan Quality (Amount in INR Crore) Total Provisions against Outstanding Loans Q1 Q2&H1 Q3&9M Q4 & 12M Particulars FY 16 FY 15 FY 16 FY 15 FY 16 FY 15 FY 16 FY 15 FY 14 Provision for NPAs 390 243 441 243 697 243 932 365 137 Provisions for Restructured Sub- Standard Assets on account of - - - - 3 - 81

8. Slide 8: Funds Raised During The Period

   Funds Raised During The Period (Amount in INR Crore) Q1 Q2 Q3 Q4 12 M Category FY 16 FY 15 FY 16 FY 15 FY 16 FY 15 FY 16 FY 15 FY16 FY15 FY 14 1,181 1,095 1,469 1,226 1,576 1,229 2,251 1,788 6,477 5,338 5,350 Capital Gains Bonds 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% - - 3

9. Slide 9: Borrowing Profile as at end of the Period

   Borrowing Profile as at end of the Period (Amount in INR Crore) Q1 Q2 & H1 Q3 & 9M Q4 & 12M Particulars FY 16 FY 15 FY 16 FY 15 FY 16 FY 15 FY 16 FY 15 FY 14 Amount % Amount % Amount % Amount % Amount % Amount % Amount % Amount % Amount % Capital Gain 15,771 10 15,524 12 16,174 10 15,613 11 16,722 1

10. Slide 10: Statement of Assets & Liabilities (Standalone)

    Statement of Assets & Liabilities (Standalone) (Amount in INR Crore) Q1 Q2 & H1 Q3 & 9M Q4 & 12 M Particulars FY 16 FY 15 FY 16 FY 15 FY 16 FY 15 FY 16 FY 15 FY 14 Liabilities Shareholders Funds 26,267 22,004 27,906 23,543 28,014 23,967 28,618 24,857 20,669 Borrowings 155,772 130,747 162,673 139,056

11. Slide 11: Income Statement (Standalone)

    Income Statement (Standalone) (Amount in INR Crore) Q1 Q2 Q3 Q4 12M Particulars FY 16 FY 15 FY 16 FY 15 FY 16 FY 15 FY 16 FY 15 FY16 FY15 FY14 Interest Income 5,641 4,648 5,827 4,986 5,987 5,145 6,015 5,293 23,471 20,072 16,806 Finance Costs 3,306 2,752 3,517 2,954 3,707 3,045 3,753 3,094 14,283 11,

12. Slide 12: Key Indicators

    Key Indicators Q1 Q2 Q3 Q4 12 M Particulars FY 16 FY 15 FY 16 FY 15 FY 16 FY 15 FY 16 FY 15 FY16 FY15 FY14 Yield on Loan (%) 12.33 12.24 12.23 12.56 12.05 12.42 11.91 12.15 12.32 12.23 12.18 (Annualised) Cost of Funds (%) 8.31 8.37 8.41 8.54 8.46 8.36 8.44 8.37 8.50 8.36 8.31 (Annualised) Interest S

13. Slide 13: Shareholding Pattern

    Shareholding Pattern As on => 31.03.16 31.12.15 30.09.15 30.06.15 31.03.15 31.03.14 31.03.13 Description % % % % % % % President of India 60.64 60.64 60.64 60.64 65.64 65.64 66.80 Foreign Portfolio Investors 21.37 21.55 21.42 21.65 20.86 18.68 20.68 Resident Individual/HUF 4.46 3.44 3.26 3.07 3.00 2

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