Il&fs Investment Managers Ltd. · NSE:IVC

Il&fs Investment Managers — Investor Presentation (March 2015)

20 slides from Il&fs Investment Managers's investor presentation, March 2015

  1. Slide 1: Corporate Profile

    ASIISFS | Private Equity IL&FS Investment Managers Limited Corporate Profile

  2. Slide 2: Cautionary Statement

    Cautionary Statement Forward Looking Statements Certain statements included in this presentation may constitute "forward-looking statements" in respect of the Company’s/ Fund’s operations, performance, prospects and/or financial condition. By their nature, forward looking statements involve a number

  3. Slide 3: A. Overview

    A. Overview  IL&FS Group  IIML Overview  Business Model  Asset Management Experience  Investor Reach 3

  4. Slide 4: IL&FS Group

    IL&FS Group – Formed in 1988 – Initial participants were Indian Banks and Institutions Earliest Infrastructure Developers – International Institutional Investors inducted over the years • ORIX Corporation (Japan), Abu Dhabi Investment Authority • Earlier stakeholders include IFC, Govt. of Singapore,

  5. Slide 5: IIML - Overview

    IIML - Overview  One of the oldest PE Managers in India – Raised and managed 13 funds since 1996; also acquired two real estate Funds – AUM of $ 3.2 billion; Additional US$ 1.6bn under managed accounts – Listed on the National Stock Exchange and Bombay Stock Exchange  Invested across wide spectrum

  6. Slide 6: Business Model

    Business Model Revenue Stream  Management Fee  Typically 1-1.5% of income earning AUM for the fund life  Highly visible, annuity revenue stream over 6-10 years  Carry  Performance upside through profit share  Hurdle rate ranges between 7-11% p.a.; Carry is 20% of profits from investments  Inc

  7. Slide 7: Unique Positioning in the Industry

    Unique Positing in the Industry IIML is a pioneer and one of the leading private equity players in India Industry Pioneer Rich Parentage & Strong Brand Experienced Management and Preferred Partner Status Investment Team Clear Growth Plan with Diversified Portfolio steady increase in AUM IIML of Asse

  8. Slide 8: Asset Management Experience

    Asset Management Experience Private Equity : 57 162 Infrastructure : 31 Investments Real Estate : 62 Yield : 12 Listed / IPO : 27% Private Equity : 45% 109 Fully Exited : 71 Buyback : 43% Infrastructure : 23% Liquidity Events Partial Exited : 29 Strategic Sale : 18% Real Estate : 28% Listed :9 Trade

  9. Slide 9: Innovator & First Mover

    Innovator & First Mover  Set up India’s first infrastructure focused fund in 1996  First to structure participation of foreign institutions in the PE framework  Leading role in bringing private equity to the emerging sectors Telecom 1998 Energy 2000 Transporation 2000 Retail 2000 Water 2001 VIWSC

  10. Slide 10: Global Investor Reach; Marquee Partners

    Global Investor Reach; Marquee Partners Americas 38% Europe, ME 33% Asia 29% Long term, institutional capital from SWFs, Pension Funds, Insurance Companies & Institutional Investors 10

  11. Slide 11: B. Funds Under Management

    B. Funds Under Management  Fund Raise Milestones  Fund Verticals  Private Equity  Infrastructure  Real Estate  Notable Exits 11

  12. Slide 12: Fund Raise Milestones

    Fund Raise Milestones Leverage Tara India IL&FS India India Fund Fund III Milestone Fund II Managed Growth PE IL&FS India Growth PE Realty Fund IL&FS India Yield RE Accounts Realty Fund II Saffron India Real Estate Real Estate Real Estate Takeover Assets 2005 2006 2007 2008 2009 2010 2011-2013 2015

  13. Slide 13: Fund Verticals

    Fund Verticals Private Equity  5 Funds raised since 1996, aggregating US$ 509 mn and 1 fund announced first close at US$ 40 mn  3 Funds fully divested  One Fund near full divestment  One Fund in monitoring stage  First Close of US$ 40 mn attained for a new PE Fund (Tara India Fund IV) Infrastru

  14. Slide 14: Private Equity

    Private Equity IIML’s Experience Corpus Vintage (US$ mn)  US$ 450 mn invested across 82 Growth PE Funds investments AIG Indian Sectoral Equity Fund 1 1996 91 Leverage India Fund 2004 153  Early investors in Retail, Shipyard, Tara India Fund III 2007 225 Media Tara India Fund IV 2015 40 VC / Sector

  15. Slide 15: Infrastructure

    Infrastructure IIML’s Experience Vintage Corpus (US$ mn)  ~US$ 547 mn invested in 31 Infrastructure Funds transactions 1 AIG Indian Sectoral Equity Fund 2 1996 91 SCI Asia Infra Growth Fund 2008 658  Early investors in Telecom, Roads, City Gas, Rail Project Development Funds India Project Developm

  16. Slide 16: Real Estate

    Real Estate IIML’s Experience Vintage Corpus (US$ mn)  Pioneer in India - First RE fund Opportunistic RE Funds launched in 2005 IL&FS India Realty Fund 2006 5251  Early investors in Urban rejuvenation IL&FS India Realty Fund II 2007 895 projects and Industrial Parks Yield Based Funds  Opened up y

  17. Slide 17: Notable Exits

    Notable Exits Company IRR, Divestment Exit Type Cash Multiple Amount 1 (₹ mn) ABG Shipyard 67%, 4.0x 1,262 Listed / IPO Continental Warehousing 28%, 2.9x 981 Trade Sale to Warburg DQ Entertainment 34%, 3.4x 144 Listed / IPO Futuresoft 88%, 2.9x 270 Strategic Sale to Flextronics Godrej Beverages 54%,

  18. Slide 18: C. Financial Performance

    ASIISFS | Private Equity Financial Performance 18

  19. Slide 19: Financial Performance

    Financial Performance Particulars FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 Total Income 2,012 2,247 2,269 2,229 2,087 Total Costs 1,107 1,294 1,258 1,222 1,122 PBT 905 953 1011 1007 965 PAT 690 735 766 725 730 PAT Margin (%) 34 33 34 33 35 EPS (Rs)* 2.3 2.4 2.5 2.3 2.3 Dividend (%) 75 75 75 65# 65# *

  20. Slide 20: Thank You

    ASIISFS | Private Equity Thank You 20

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