Power Finance Corporation Limited · NSE:PFC

Power Finance — Q3 FY2018 Earnings Presentation

20 slides from Power Finance's earnings presentation, Feb 13, 2018

  1. Slide 1: Performance Highlights Quarter ended 31st Dec 2017

    Power Finance Corporation Limited A Navratna PSU Performance Highlights Quarter ended 31st Dec 2017 Funding for a Brighter Tomorrow….

  2. Slide 2: Disclaimers

    Disclaimers  The presentation is prepared based on stand-alone un-audited financial statements of PFC for quarter ended 31.12.2017  This presentation may contain statements which reflect Management’s current views and estimates and could be construed as forward looking statements. The future invol

  3. Slide 3: Highlights

    Highlights SNAPSHOT - As on 31.12.2017 Amt -Rs. Crore 9M FY18 vs. 9M FY17 Profit & Loss - Highlights 9M’18 Q3’18 PAT 4,920 1,604 Rs.2,58,055 cr. Rs.37,562 cr. Interest Income 20,089 6,208 Interest Expense 12,638 4,242 LOAN Net Interest Income 7,450 1,966 DISBURSEMENT ASSETS 10% 9% Net Interest Margi

  4. Slide 4: Highlights: Foreign Raisings in Q3

    Highlights Foreign Raisings in Q3  Green Bonds - USD 400 million  Syndicated Loan - USD 300 million  FCNR (B) Loan - USD 100 million International Listing of PFC’s Foreign Currency Bonds  PFC bond listed for the first time on the London Stock Exchange & Singapore Stock Exchange to finance renewa

  5. Slide 5: Financial Performance

    PFC Financial Performance

  6. Slide 6: Profit & Loss & Key Ratios

    Profit & Loss & Key Ratios Revenue & Profit Growth (Rs.’crore) Q3 FY 18 Q2 FY 18 Q3 FY 17 9M FY 18 9M FY 17 FY 17 Interest Income 6,208 6,984 6,952 20,089 21,072 26,688 Interest Expense (4,242) (4,263) (4,075) (12,638) (12,296) (16,326) Net Interest Income 1,966 2,721 2,877 7,450 8,776 10,362 Operat

  7. Slide 7: Balance Sheet & Key Ratios

    Balance Sheet & Key Ratios Balance Sheet Growth (Rs.’crore) 9M FY 18 9M FY 17 FY 17 Assets 2,73,123 2,46,506 2,58,344 Loan Assets (Net) 2,58,055 2,35,504 2,40,169 Investments 3,529 3,337 3,591 Fixed & Other Assets 11,538 7,665 14,583 Liabilities 2,73,123 2,46,506 2,58,344 Shareholder Funds 39,716 41

  8. Slide 8: Operational Performance

    PFC Operational Performance

  9. Slide 9: Sanctions - Composition

    Sanctions - Composition (Rs.’crore) Q3 FY 18 Q3 FY 17 9M FY 18 9M FY 17 FY 17 Amt. % Amt. % Amt. % Amt. % Amt. % Sanctions 18,314 100% 32,027 100% 68,932 100% 94,502 100% 100,603 100% Scheme Wise Generation 7,727 42% 6,466 20% 39,861 58% 57,170 60% 45,294 45% Transmission 3,420 19% 5,572 17% 6,940 1

  10. Slide 10: Sanctions - Outstanding Sanctions as at 31.12.2017

    Sanctions - Outstanding Sanctions as at 31.12.2017 (Rs.’crore) O/S Sanctions where Particulars Doc. Executed & Doc. Executed but Doc. Not Executed Total Outstanding Disb. Commenced Disb. not Sanctions Commenced Outstanding Sanctions 84,877 34,038 33,287 1,52,202 Scheme Wise Generation 64,658 24,192

  11. Slide 11: Disbursements - Composition

    Disbursements - Composition (Rs.’crore) Q3 FY 18 Q3 FY 17 9M FY 18 9M FY 17 FY 17 Amt. % Amt. % Amt. % Amt. % Amt. % Disbursements 10,893 100% 12,150 100% 37,562 100% 34,415 100% 62,798 100% Scheme Wise Generation 7,364 68% 5,033 41% 21,304 57% 18,453 54% 29,267 47% Transmission 906 8% 951 8% 2,466

  12. Slide 12: Loan Assets - Composition

    Loan Assets - Composition (Rs.’crore) As on 31.12.2017 31.12.2016 31.03.2017 Amt. % Amt. % Amt. % Gross Loan Assets 2,62,109 100% 2,37,432 100% 245,525 100% Scheme Wise Generation 1,94,983 74% 1,79,417 76% 1,86,878 76% Transmission 18,236 7% 16,025 7% 16,907 7% Distribution 24,412 9% 8,080 3% 20,092

  13. Slide 13: Loan Quality - Major Highlights

    Loan Quality - Major Highlights  Expected Developments in Q 4  Expected Up gradations o Restructured Standard category to Standard category - Singareni Collieries (Telangana State.) loan of Rs. 4,000 cr. (approx.)  Developments in Q3’18  Status of Restructured Standard Assets o No new additions

  14. Slide 14: Loan Quality & Provisions - NPA Status

    Loan Quality & Provisions - NPA Status (Rs.’crore) 31.12.2017 30.09.2017 31.12.2016 31.03.2017 % of Loan % of Loan % of Loan % of Loan Amt. Amt. Amt. Amt. Assets Assets Assets Assets Gross NPAs 14,977 5.71% 21,503 8.33% 7,291 3.07% 30,702 12.50% a) State Sector 6,287 2.40% 13,037 5.05% 819 0.34% 24,

  15. Slide 15: Loan Quality & Provisions - Restructured Standard Loan Assets

    Loan Quality & Provisions - Restructured Standard Loan Assets (Rs.’crore) Particulars 31.12.2017 30.09.2017 31.12.2016* 31.03.2017 Restructured Loan assets 56,636 58,982 29,427 55,441 State sector 40,852 41,821 8,444 35,995 Private Sector 15,784 17,161 20,983 19,446 Provisions on Restructured Standa

  16. Slide 16: Loan Quality & Provisions - Provisioning Status

    Loan Quality & Provisions - Provisioning Status (Rs.’crore) Provisioning on Loan Assets Loan Assets Particulars (as on 31.12.2017) 31.12.2017 30.09.2017 31.12.2016 31.03.2017 Provision against Standard assets 1,90,496 1,333 1,007 677 558 Provision against Restructured Standard assets 56,636 3,152 3,

  17. Slide 17: Borrowing Profile

    Borrowing Profile (Rs.’crore) Borrowings 31.12.2017 31.12.2016 31.03.2017 Amt. % Amt. % Amt. % Bonds 1,90,888 89% 1,77,764 92% 190,911 94% Term Loans 10,556 5% 9,052 5% 9,277 5% Short Term Loans 12,263 6% 6,593 3% 2,401 1% Total 2,13,706 100% 1,93,409 100% 202,588 100% of which: Rupee Denominated 2,

  18. Slide 18: Shareholding Pattern

    Shareholding Pattern (Holding %) Particulars 31.12.2017 31.12.2016 31.03.2017 President of India 65.92% 67.80% 66.35% FIIs & FPIs 14.47% 13.85% 15.51% Indian FIs & Banks 7.24% 12.02% 9.51% Bodies Corporate 1.58% 1.04% 1.44% Resident Individuals 4.24% 2.89% 3.19% Mutual Funds 5.73% 1.81% 3.25% Employ

  19. Slide 19: Contact Us

    Contact Us Investor Relations Cell PFC aims to connect with the current and prospective investors and build a strong and enduring positive relationship with the investment community. For this, PFC has a dedicated Investor Relations Cell to provide information to investors on companies’ performance.

  20. Slide 20: Thank You!

    Thank You! 20 Funding for a Brighter Tomorrow….

Power Finance — Q3 FY2018 Earnings Presentation on 6ix