Cesc Ltd · NSE:CESC
Cesc — Merger or Acquisition (May 2017)
10 slides from Cesc's merger presentation, May 2017
Slide 1: CESC Limited – Corporate Restructuring
CESC Limited – Corporate Restructuring May 2017 1
Slide 2: This presentation has been prepared by CESC Limited ("CESC"), Haldia Energy Limited (“Haldia”) RP-SG
This presentation has been prepared by CESC Limited ("CESC"), Haldia Energy Limited (“Haldia”) RP-SG Retail Limited (“RPRL”), and RP-SG Business Process Services Limited (“RPBPSL”) for information purposes only in relation to a potential arrangement between CESC, Haldia, RPRL, RPBPSL and others purs
Slide 3: Transaction Overview
Transaction Overview The Board of Directors of CESC has approved a business restructuring scheme in their meeting held on 18th May 2017 The business restructuring Scheme aims to simplify the present corporate structure. The objective is to focus on the individual businesses to enhance efficienci
Slide 4: Transaction Highlights
Transaction Highlights Demerger of multiple businesses to create entities focussed on individual businesses Simplification of Business Structure Value un-locking for shareholders via listing of all Four entities in Mirror Image shareholding 4
Slide 5: Transaction Benefits
Transaction Benefits Demerger of multiple businesses of CESC will create 4 entities each focused on individual businesses CESC CESC Genco Creates one of India`s largest and Creates a pure play Power Generation profitable private sector Power company with a portfolio of Thermal, Distribution company
Slide 6: Post Restructuring Structure
Post Restructuring Structure CESC CESC Genco – Spencer`s Retail CESC Ventures • Electricity Distribution to 3 • 1125 MW Thermal Power • PAN India Organized Retail • Firstsource Solutions Ltd: mn consumers over 567 sq plant incl Budge Budge, player with 1 mn+ sqft Business Process km of Kolkata and S
Slide 7: Post Restructuring Holding
Post Restructuring Holding Promoter Group Public 49.92% 50.08% Listed Listed Listed Listed CESC CESC Genco Spencer's Retail CESC Ventures Haldia+ BBGS, Southern and Titagarh etc. Listed 49.55% + 54.89% Firstsource Noida Power Online Company 100% Dhariwal Infra Ltd Solutions 100% Rajasthan 67.83% 100
Slide 8: Financial Performance of Key Subsidiaries – FY'16-17
Financial Performance of Key Subsidiaries – FY`16-17 Revenue EBIDTA PAT (Rs. Crs) (Rs. Crs) (Rs. Crs) CESC Ltd (standalone) 7367 2031 863 Haldia Energy Ltd 2045 930 297 Dhariwal Infrastructure Ltd 509 75 (484) Noida Power Company Ltd 1115 250 98 (Associate) Spencer`s Retail Ltd 2021 (17) (108) First
Slide 9: Resulting Swap Ratios
Resulting Swap Ratios Post the above restructuring, a CESC shareholder against every 10 CESC shares will have 18 fully paid shares in the resultant four companies – 5 shares each in the distribution and generation companies, 6 shares in the retail company and 2 shares in the Company for other ventur
Slide 10: Thank You
RP- Group Thank You Limiteo