Rec Limited · NSE:RECLTD

Rec — Q4 FY2025 Earnings Presentation

36 slides from Rec's earnings presentation

  1. Slide 1: REC Limited Investor Presentation

    REC Limited A Maharatna Company INVESTOR PRESENTATION PERFORMANCE HIGHLIGHTS Q4 & 12 MONTHS FY 2024-25

  2. Slide 2: Table of Contents

    1. REC Overview 2. Operational Performance 3. Asset Quality Table of 4. Borrowing Contents Profile 5. Financial Highlights 6. ESG 02

  3. Slide 3: REC Overview

    01 REC OVERVIEW • REC Journey • Key Strengths • Government’s Trusted Arm • Maharatna Status • Forayed into Infra Sector • Shareholders Outlook • Shareholders Outlook cont.. • Awards and Accolades 03

  4. Slide 4: REC Journey

    2024: Appointed as National REC Journey 2022: Conferred programme implementing agency for PM Surya Ghar Muft Bijli Yojana, Maiden Yen Bond ‘Maharatna’, highest issuance of JPY 61.1 Bn and status for a PSU. USD Bond issuance of $500 Mn Forayed into Infrastructure sector 2019: As Nodal Agency, achieve

  5. Slide 5: Key Strengths

    Key Strengths Experienced ‘Maharatna’ Company Management Team with and a strategic player in Sector Expertise the Indian Power, Infrastructure and Logistics Sector Nodal Agency for major Govt. of India’s power sector programmes – RDSS, Diversified Asset Base Saubhagya, DDUGJY, with robust Access to

  6. Slide 6: Government's Trusted Arm

    Government’s Trusted Arm RDSS Rooftop Solar (RTS) SAUBHAGYA Programme NEF REC LPS DDUGJY Consumer Services Integrated Ratings of Rating Discoms of Discoms (Operational) (Financial) 06

  7. Slide 7: Maharatna Status (accorded in FY 2022-23)

    Maharatna Status (accorded in FY 2022-23) REC is amongst the Coveted Few Maharatna – Business advantages Indian PSUs Maharatna Gives greater operational & • Highest rank for top-performing PSUs in India financial autonomy • Total of 14 PSUs accorded this status Navratna • 2nd highest rank of top-per

  8. Slide 8: Forayed into Infra Sector

    Forayed into Infra Sector: For Nation’s Accelerated Development REC has diversified loan portfolio in the Infrastructure and Logistics sector Health Sector Metro Ports Steel Infra Waterways REC IT Infra / Fiber Airport Optics Road & Highways Oil Refinery 08

  9. Slide 9: Shareholders Outlook

    Shareholders Outlook Shareholding Pattern as on March 31, 2025 Top 10 Shareholders as on March 31, 2025 Shareholding Rank Particulars (%) 1 Power Finance Corporation Limited 52.63 MFs/ AIFs/ Banks/ FIs/ VCFs/ PFs Insurance Cos 2 Life Insurance Corporation Of India 1.27 9.24% 4.57% 3 SBI Life Insuran

  10. Slide 10: Shareholders Outlook Continued..

    Shareholders Outlook Continued.. Dividend as a % of Equity Share Capital Consistently high dividend paying company 200% 180.00% Final dividend recommended for FY25 of ₹2.60 (26%) per share 175% 160.00% 150% Total dividend for FY25 of ₹18 (180%) per 126.00% share including proposed final dividend 125

  11. Slide 11: Awards and Accolades

    Awards and Accolades Awarded ‘Gold Shield’ under the ‘Financial Services Sector (Other than Banking and Insurance)’ category ‘ICAI Awards for Excellence in Financial Reporting for the financial year 2023-24’ Golden Adam Smith CSR Award Excellence in Peacock Award Awards ASIA from National Green 2024

  12. Slide 12: Operational Performance

    OPERATIONAL 02 PERFORMANCE • Sanctions • Disbursements • Outstanding loans • Pan India presence – Loan Assets • Outstanding Loans – Major Borrowers 12

  13. Slide 13: Sanctions - Composition

    Sanctions - Composition Sector-wise breakup of Sanctions for FY 24-25 (₹ in crore) Q4 12M Discipline-wise in FY25 % FY24 % FY25 % FY24 % Conventional Generation incl. Coal mining & 13,959 21 3,710 11 89,632 27 67,112 19 Renewables purchase 31% Renewables incl. Large Conventional 26,124 40 11,462 35

  14. Slide 14: Disbursements - Composition

    Disbursements - Composition Sector-wise breakup of Disbursement for FY 24-25 (₹ in crore) Q4 12M Discipline-wise FY 25 % FY 24 % FY 25 % FY 24 % Conventional Generation 7,484 16 4,179 11 27,478 14 25,054 16 I&L - Core 6% Renewables incl. Large Distribution 8,575 19 6,167 16 26,186 14 16,024 10 Hydro

  15. Slide 15: Outstanding Loans – Composition

    Outstanding Loans – Composition Sector-wise breakup of Loan Book for FY 24-25 (₹ in crore) As on March 31, 2025 March 31, 2024 March 31, 2023 Private Discipline-wise State 13% 87% Amount % Amount % Amount % State 4,94,578 87 4,54,647 89 3,93,225 90 Private 72,305 13 54,724 11 41,787 10 Total 5,66,88

  16. Slide 16: PAN India presence – Loan Book

    (₹ in crore) J&K Haryana PAN India presence 11,957 6,942 Himachal Pradesh 1,531 – Loan Book Punjab Uttarakhand 6,385 2,586 UP Lending across 26 States & UTs 46,986 Assam Rajasthan Bihar 764 65,617 14,267 State/ Joint Sector Borrowers Nagaland 34 ₹4,94,578 crore Manipur 388 Meghalaya 594 Private Sect

  17. Slide 17: Asset Quality

    ASSET 03 QUALITY • Asset quality and provision coverage • Loan portfolio and ECL provisioning • Credit impaired assets and resolution status 17

  18. Slide 18: Asset Quality and provisioning coverage

    Asset Quality and provisioning coverage Improving Asset Quality Provision Coverage Ratio 75% 4.00% 71.73% 70.41% 69.37% 3.14% 68.45% 68.48% 3.00% 2.78% 2.71% 65.12% 2.61% 2.53% 65% 61.88% 1.95% 2.00% 1.35% 55% 0.96% 0.86% 0.88% 1.00% 0.82% 0.82% 0.74% 0.38% 0.00% 45% Sep-23 Dec-23 Mar-24 Jun-24 Sep-

  19. Slide 19: Loan Portfolio and ECL provisioning

    Loan Portfolio and ECL provisioning (₹ in crore) Loan Credit Impaired Assets (Stage – III) Standard Assets (Stage – I & II) Provision Provision Total ECL Particulars O/s O/s ECL coverage O/s ECL coverage ratio # ratio (%) (%) @ State Sector -Generation 1,39,290 - - - 1,39,290 1,496 1.07% 1,496 -Rene

  20. Slide 20: Credit Impaired Assets – Resolution Status

    Credit Impaired Assets – Resolution Status  ₹6,149 crore in NCLT Under NCLT  11 projects  77% provision Resolution status of  ₹1,504 crore resolution pursued outside NCLT Credit Impaired Assets Outside NCLT  1 project  50% provision 20

  21. Slide 21: Borrowing Profile

    BORROWING 04 PROFILE • Credit ratings for long term borrowings • Outstanding borrowings 21

  22. Slide 22: Credit Ratings for Long Term Borrowings

    Credit Ratings for Long Term Borrowings Long-term International Ratings Japan Credit Rating Agency Baa3 (Stable)–Key Highlights BBB- (Stable)–Key Highlights BBB+ (Stable)–Key Highlights REC plays a very important role in the implementation of the  REC Limited (REC) remains strategically important t

  23. Slide 23: Outstanding Borrowings

    Outstanding Borrowings (₹ in crore) Particulars March 31, 2025 March 31, 2024 Term Loans from Tax Free & Infra Banks, FIs, NSSF (A) Domestic Borrowings 11% 54EC Capital Bonds Gains Tax 2% Exemption Institutional including Subordinated Bonds 2,10,039 1,81,471 Bonds 9% Zero Loans from Banks, FIs, NSSF

  24. Slide 24: Financial Highlights

    FINANCIAL 05 HIGHLIGHTS • Key Financial Highlights • Key Ratios • Standalone Statement of Profit & Loss • Standalone Statement of Assets and Liabilities 24

  25. Slide 25: Key Financial Highlights for FY25 vs FY24

    Key Financial Highlights for FY25 vs FY24 Highest ever Annual Profit Total Income Net Interest Income ₹15,713 crore vs ₹55,980 crore vs ₹19,878 crore vs ₹14,019 crore ₹47,214 crore ₹15,685 crore (12% growth) (19% growth) (27% growth) Highest Loan Book Net Credit Highest Net Worth Impaired Assets ₹5.

  26. Slide 26: Key Ratios

    Key Ratios 12 Months Particulars FY 25 FY 24 Yield on Loan Assets (%) 10.05 9.99 Cost of Funds (%) 7.11 7.13 Interest Spread (%) 2.94 2.86 Net Interest Margin (%) 3.63 3.57 Return on Net Worth (%) 21.46 22.17 Interest Coverage Ratio (Times) 1.58 1.59 Debt Equity Ratio (Times) 6.29 6.37 The yield on

  27. Slide 27: Standalone Statement of Profit & Loss

    Standalone Statement of Profit & Loss (₹ in crore) Q4 12 Months Particulars FY 25 FY 24 FY 25 FY 24 Interest Income on Loan assets 14,647 12,168 54,026 45,659 Less: Finance Costs1 8,771 7,905 34,148 29,974 Net Interest Income 5,876 4,263 19,878 15,685 Other Operating Income 531 309 1,536 1,013 Net n

  28. Slide 28: Standalone Statement of Assets and Liabilities

    Standalone Statement of Assets and Liabilities (₹ in crore) Particulars As at 31.03.2025 As at 31.03.2024 Assets (1) Financial Assets Cash and bank balances 1,750 2,499 Derivative financial instruments 17,432 12,482 Loans (Ind-AS) 5,59,088 4,99,192 Investments 6,641 5,320 Other financial assets 24,6

  29. Slide 29: ESG

    06 ESG • ESG at REC Limited • ESG Highlights • REC’s Contribution for clean energy projects 29

  30. Slide 30: ESG at REC Limited

    ESG at REC Limited REC ESG Policy ESG Targets ESG Gap Assessment REC adopted board Assigned company wide ESG New ESG related policies approved ESG policy. targets for quarterly compliance. introduced, More human rights and well being trainings organized 2023 2023 JAN JUNE 2024 FEB Baselining of 2024

  31. Slide 31: Strategic Lending for a Sustainable Future

    Strategic Lending for a Sustainable Future REC, through focusing on Green Infrastructure financing, demonstrates its unwavering commitment for 'Panchamrit' goals & fostering environmental sustainability. 63% YoY growth in Renewables’ Disbursements 49% YoY growth in Renewables’ Loan Book 31% of Total

  32. Slide 32: REC's Contribution for Clean Energy Projects

    REC’s Contribution for Clean Energy Projects For India’s energy transition, REC, being the stepping stone, has tailored its lending strategies to align with nation’s commitment towards harnessing clean and green energy sources. Large Hydro 9,145 MW Small Hydro Hybrid Pumped Storage Plant 459 5,948 M

  33. Slide 33: Highlights of ESG Performance FY 2024-25

    Highlights of ESG Performance FY 2024-25 Avoided Emissions of RE Projects funded for FY25 (PCAF Method) Total RE Capacity Sanctioned by REC RE Projects supported by REC RE Loan Book Growth 6.1 million t CO2 (17.4% ↑) 52 GW ₹ 82,275 Crore 49% REC Corporate office has STP that Conversion of Convention

  34. Slide 34: Investor Resources

    Investor Resources Annual Report: https://recindia.nic.in/annual-reports Financial Results: https://recindia.nic.in/financial-results ESG Report: https://recindia.nic.in/sustainability-report Join us: @reclindia Investor Announcements: https://recindia.nic.in/notice https://recindia.nic.in/ Recent r

  35. Slide 35: Contact Information

    Contact Information Investor Relations/ 54EC & Other Bond Queries : Investorcell@recl.in Join us: @reclindia https://recindia.nic.in/ Equity Share Queries: Complianceofficer@recindia.com 35

  36. Slide 36: Financing India's Power & Progress Story

    FINANCING INDIA'S POWER & PROGRESS STORY

REC — Q4 FY2025 Earnings Presentation on 6ix