Slide 1: If you can Dream it, you can do it
‘‘If you can Dream it, you can do it” PADMA VIBHUSHAN SHRI DHIRUBHAI AMBANI Our Legendary Founder December 28, 1932 - Forever
Slide 2: Presentation to Media
Presentation to Media 26th December 2017
Slide 3: Index
Index 1. Headwinds 2. Actions Taken 3. Monetization Plan – Key Components A. Asset Monetization B. DAKC Commercial Development C. RCOM 4. Conclusion 3
Slide 4: Headwinds
Headwinds 1. Insolvency Petition filed at NCLT by the largest secured Creditor – China Development Bank 2. Insolvency Petition filed at NCLT by Ericsson 3. In addition, 6 Insolvency Petitions Filed at NCLT by lenders/creditors: 4. Limited buyers for Wireless assets in India 5. Challenges of coordina
Slide 5: Index
Index 1. Headwinds 2. Actions Taken 3. Monetization Plan – Key Components A. Asset Monetization B. DAKC Commercial Development C. RCOM 4. Conclusion 5
Slide 6: Actions Taken
Actions Taken 1. Wireless business rationalized in November 2017 2. Completed the SSTL merger in October 2017 1. Enhanced 4G assets by addition of 30 MHz of Valuable 800 MHz Spectrum valid till 2033, for an additional 16 years 3. Launched a transparent and competitive process to execute the monetiza
Slide 7: Index
Index 1. Headwinds 2. Actions Taken 3. Monetization Plan – Key Components A. Asset Monetization B. DAKC Commercial Development C. RCOM 4. Conclusion 7
Slide 8: Asset Monetization Process
Asset Monetization Process 1. Independent transparent bidding process run # Process Steps by advisor - SBI CAPS under JLF/CC 1 Teasers sent out to Prospective Parties monitoring 2 Receipt of EoIs 1. Spectrum, 3 Signing of NDAs 2. Tower 3. Fiber 4 Circulation of IMs 4. MCN 5 Receipt of NBOs 5. Real E
Slide 9: Assets for Monetization - Impact
Assets for Monetization - Impact 1. Strong Response - Over 75 expressions of interest received for assets. 15 Non Binding Offers received 2. Definitive documents in advanced negotiation 3. RCOM’s Debt to reduce by Rs 25,000 Crores through prepayment and transfer of DOT spectrum installments 4. Monet
Slide 10: Index
Index 1. Headwinds 2. Actions Taken 3. Monetization Plan – Key Components A. Asset Monetization B. DAKC Commercial Development C. RCOM 4. Conclusion 10
Slide 11: DAKC Commercial Development Navi Mumbai
DAKC Commercial Development Navi Mumbai 1. Plans to develop approximately 20 Million sq. ft. of commercial and residential space on the 125 acre prime real estate at DAKC complex in Navi Mumbai over the next 10 years 2. JLL, an independent Advisor, is conducting a competitive bidding process for sel
Slide 12: Index
Index 1. Headwinds 2. Actions Taken 3. Monetization Plan – Key Components A. Asset Monetization B. DAKC Commercial Development C. RCOM 4. Conclusion 12
Slide 13: RCOM Overview
RCOM Overview Leading global data communications service provider, consisting of following businesses: Global subsea cable (“GCX” or Global Cloud Xchange): India wireline (“Plus”): Includes Indian Enterprise Business (“IE”), Indian Data Center (“IDC”) and International Long Distance Voice (“ILD Voic
Slide 14: RCOM Summary
RCOM Summary 1. RCOM will be focused on the B2B space with high annuity revenues and strong customer relationships 2. Sustainable Cash flows with ~ 60% of the EBITDA from overseas operations and Capex Light 3. RCOM to receive equity infusion from global strategic partners to further reduce debt on c
Slide 15: Index
Index 1. Headwinds 2. Actions Taken 3. Monetization Plan – Key Components A. Asset Monetization B. DAKC Commercial Development C. RCOM 4. Conclusion 15
Slide 16: RCOM exits SDR with comprehensive resolution
RCOM exits SDR with comprehensive resolution # Particulars Total ( Rs. Cr) 1 RCOM Debt 30th Sep 2017 ~45,000 2 RCOM Debt post complete execution of Monetization Plan ~6,000 1. Reduction of over Rs 25,000 Crore of debt and deferred spectrum liabilities from asset monetization 2. SPV Holding the DAKC
Slide 17: Final outcome
Final outcome 1. Exit from Strategic Debt Resolution (SDR) framework of Reserve Bank of India 2. Zero Equity Conversion for Lenders and Bondholders 3. Zero Write-Off for Lenders and Bondholders 4. Largest Debt Reduction in the History of Corporate India – Over Rs.39,000 Crore 5. Only Company in Indi
Slide 18: Benefits to stakeholders: INDIAN LENDERS
Benefits to stakeholders: INDIAN LENDERS 18
Slide 19: Benefits to stakeholders: FOREIGN LENDERS
Benefits to stakeholders: FOREIGN LENDERS 19
Slide 20: Benefits to stakeholders: BOND HOLDERS
Benefits to stakeholders: BOND HOLDERS 20
Slide 21: If you can Dream it, you can do it
‘‘If you can Dream it, you can do it” PADMA VIBHUSHAN SHRI DHIRUBHAI AMBANI Our Legendary Founder December 28, 1932 - Forever