REC Limited · NSE:RECLTD

REC — Rural Electrification — Q1 FY14 Earnings Presentation

13 slides from REC's earnings presentation, 2013

  1. Slide 1: Management Presentation Performance Highlights Q1 FY14

    Management Presentation Performance Highlights Q1 FY14 RURAL ELECTRIFICATION CORPORATION LIMITED A Navratna PSU

  2. Slide 2: Highlights (Q1 FY14 vs. Q1 FY13)

    HIGHLIGHTS (Q1 FY14 VS. Q1 FY13) Total Assets increased by 25% from `1,08,819 Crores to `1,36,534 Crores. Balance Sheet Outstanding Borrowings increased by 24% from `89,581 Crores to `1,11,104 Crores. Net worth increased by 19% from `15,144 Crores to `18,076 Crores. Total Income increased in Q1 by 2

  3. Slide 3: Sanctions - Composition

    SANCTIONS - COMPOSITION (` In Crores) Sanctions Q1 Q1 Q2 Q3 Q4 12M 12M 12M FY 14 FY 13 FY 13 FY 13 FY 13 FY 13 FY 12 FY 11 Discipline-wise Amount Amount Amount Amount Amount Amount Amount Amount 14,939 9,130 4,631 5,342 8,389 27,492 23,176 40,375 Generation 63% 42% 17% 42% 46% 35% 46% 61% 7,558 10,5

  4. Slide 4: Disbursements - Composition

    DISBURSEMENTS - COMPOSITION (` In Crores) Disbursements Q1 Q1 Q2 Q3 Q4 12M 12M 12M FY 14 FY 13 FY 13 FY 13 FY 13 FY 13 FY 12 FY 11 Discipline-wise Amount Amount Amount Amount Amount Amount Amount Amount 2,922 2,364 3,375 2,520 4,238 12,497 12,349 11,754 Generation 35% 34% 44% 25% 29% 32% 44% 48% 4,3

  5. Slide 5: Outstanding Loan - Composition

    OUTSTANDING LOAN - COMPOSITION (` In Crores) Q1 Q1 H1 9M 12M 12M 12M Loan Outstanding FY 14 FY 13 FY 13 FY 13 FY 13 FY 12 FY 11 Discipline Amount % Amount % Amount % Amount % Amount % Amount % Amount % State 1,10,069 83 89,627 84 92,990 83 98,086 83 1,04,662 82 85,036 84 68,092 83 Central PSUs 6,071

  6. Slide 6: Loan Quality

    LOAN QUALITY (` In Crores) Particulars Q1 Q1 H1 9M 12M 12M 12M FY 14 FY 13 FY 13 FY 13 FY 13 FY 12 FY 11 Loan outstanding * 1,32,915 1,06,696 1,11,965 1,18,690 1,27,356 1,01,426 81,725 Gross NPA 490 490 490 490 490 490 20 Provision 112 64 64 89 89 64 18 Net NPA 378 426 426 401 401 426 2 % of Gross N

  7. Slide 7: Funds Raised During the Period

    FUNDS RAISED DURING THE PERIOD (` In Crores) Q1 Q1 Q2 Q3 Q4 12 M 12 M 12 M Category FY 14 FY 13 FY 13 FY 13 FY 13 FY 13 FY 12 FY 11 Amount Amount Amount Amount Amount Amount Amount Amount Capital Gains 1,110 982 1,068 1,026 1,827 4,903 5,239 5,045 Bonds (6.00%) (6.00%) (6.00%) (6.00%) (6.00%) (6.00%

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

    BORROWING PROFILE AS AT END OF THE PERIOD (` In Crores) Q1 Q1 H1 9M 12 M 12 M 12 M Particulars FY 14 FY 13 FY 13 FY 13 FY 13 FY 12 FY 11 Amount % Amount % Amount % Amount % Amount % Amount % Amount % Capital Gains, Tax 21,378 19 17,183 19 17,726 19 20,596 20 21,211 20 16,716 18 11,315 16 Free & Infr

  9. Slide 9: Statement of Assets & Liabilities

    STATEMENT OF ASSETS & LIABILITIES (` In Crores) Q1 Q1 H1 9M 12M 12M 12M Particulars FY13 FY13 FY13 FY13 FY13 FY12 FY11 Liabilities Shareholders Funds 18,076 15,144 16,311 16,548 17,454 14,563 12,788 Borrowings 1,11,104 89,581 95,092 1,01,749 1,07,791 90,056 70,040 Other Liabilities 7,354 4,094 3,928

  10. Slide 10: Income Statement

    INCOME STATEMENT (` In Crores) Q1 Q1 Q2 Q3 Q4 12M 12M 12M Particulars FY14 FY13 FY13 FY13 FY13 FY13 FY12 FY11 Interest Income 3,914 2,997 3,240 3,501 3,553 13,291 10,264 8,109 Interest Expenses 2,244 1,831 1,960 2,071 2,144 8,006 6,379 4,851 Net Interest Income 1,670 1,166 1,280 1,430 1,409 5,285 3,

  11. Slide 11: Key Indicators

    KEY INDICATORS Q1 Q1 Q2 Q3 Q4 12 M 12 M 12 M Key Indicators FY14 FY13 FY13 FY13 FY13 FY13 FY12 FY11 Yield on Loan (%) 12.03 11.52 11.86 12.14 11.55 11.62 11.21 10.98 (Annualised) Cost of Funds (%) 8.20 8.16 8.49 8.42 8.18 8.09 7.97 7.70 (Annualised) Interest Spread (%) 3.83 3.36 3.37 3.72 3.37 3.53

  12. Slide 12: Shareholding Pattern

    SHAREHOLDING PATTERN As on  30.06.13 31.03.13 31.12.12 30.09.12 30.06.12 31.03.12 31.12.11 30.09.11 Description % % % % % % % % President of India 66.80 66.80 66.80 66.80 66.80 66.80 66.80 66.80 Foreign Institutional 20.73 20.68 21.24 20.66 20.06 19.53 17.93 18.51 Investors Resident Individual/HUF

  13. Slide 13: Thank You

    FTHANK YOU 13

Rural Electrification — Q1 FY14 Earnings Presentation on 6ix