Cesc Ltd · NSE:CESC

Cesc — Investors' Conference, London (May 2019)

34 slides from Cesc's conference presentation, May 31, 2019

  1. Slide 1: Cover letter to stock exchanges

    RP- Sanjiv Goonka Group LIMITED Growing Legacies SEC:AM:31552 31 May, 2019 Manager (Listing) National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C/1, G- Block, Bandra - Kurla Complex, Bandra (East), Mumbai - 400 051 The Secretary BSE Limited Phiroze Jeejeebhoy Towers, Dal aI

  2. Slide 2: CESC Limited - Powering India since 1899

    --,F RP~ Sanjiv Gocnka ~t;,,,.., o,oup ~~~.~~ Hl11M1Uttl.f.~C.!ttt CESC Limited Powering India since 1899 June 2019

  3. Slide 3: Disclaimer

    ~ G - RPHSanjivGocnka __..,.~ Group 4~~~.~~,=,s,•,..,~.,•l'¾•\»ll This presentation has been prepared by and is the sole responsibility of CESC Limited (the "Company"). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or

  4. Slide 4: Growing Legacies

    }ii:;!$ :\~... --,~ RP- Sanjiv Goenka Group Growing Legacies G ROW NG Ls 0 U R CULTURE. <wttCESC 1 !_•.../~_!,,,.!_,• ." CESC ~ a • ~ G • ,o ~ •< ' NPCL ,,,.,~,- """' ,· ICML ,ur,-,,,,..,.,.,~,., .,,.,,~"""""" SUPY,\ VJDYUT L1Ml1.1!.D H°-L @ HU!:IM r~"IOY ll"ITHI -•~-""' ,w,_,.,.""'·""'' r.Mmrro ( ,

  5. Slide 5: RP-Sanjiv Goenka Group

    ~'40-,¼ RP-S.:!njlvGoonka .....,~ Gcoup RP- Saniiv Goenka Group ,4~~~,~~ 1,.,,~"'fl~n•,0-,,,=e □ RP-Sanjiv Goenka Group is a well known diversified business ~~~~,~~ CESC Ltd Fully Integrated Private Power Utility house in India Phillips Carbon Black ' □ RP-Sanjiv Goenka Group has interests across di

  6. Slide 6: Indian Power Sector - Overview

    ~10.~ Indian Power Sector - Overview U) CESC --,~ RP- Sanjiv Gocnka Group ~LlMlff;O 1,.. ,,~n.,,.,,_,,,.. (billion unite) (%) All-India installed capacity at the end of FY18 All-India installed capacity by FY 23 II Nt:mirnl Ga~ • tt:,tlfo 11% 1,800 0.9% ~ 7% tl lgnii:e 1,600 2½ 0.6% 1,400 Toi f/uc!e

  7. Slide 7: Indian Power Sector - Outlook

    ~~ RP- S.;rnjiv Gocnka - , , - : . Group Indian Power Sector - Outlook ~~~.~~ ... ""'' """''"'""'""' {bsiUioo units} 1,800 1,600 o,3°,1., CA..GR 16:30-1650 . ,.'.ij~~f~r~¥ln#~~~.~i•~•~>i~i~.~~. eq~~~i~;m;6ijt1•... 1,400 --· I 1.,205 1,200 ✓ GDP Growth 1,000 eoo 600 400 ,. Capacity expansion 200 FY18

  8. Slide 8: CESC Power Business: Generation & Distribution

    ....::ii;:41-'- RPHSanjivGocnka - - , , ~ Gcoup 4~~~.~~ , ..,,s~,t<~'1•>'>Mll1ll CESC ... POWER BUSINESS NE ION & DISTRIBUTION

  9. Slide 9: Operational Facilities - Overview

    OPERATIONAL FACILITIES -OVERVIEW ~&~~ RP-SanjivGocnka ......,.~ Group ~~~,~~ .. '. ''""'""'"''''"""IW/ Kolkata Distribution Business 600 MW thermal power plant in Coal Mining, Power Generation & Chandrapur, Maharashtra Distribution (Project cost Rs. 38 billion) -1125 MW thermal power plant - 567 sq

  10. Slide 10: Recent key achievements

    --""f,:;:: Group ~~:, RP~ Sanjiv Gocnka Recent key achievements 4t~~.~~ .. .... ... ..... .,~ ,~ .,. ~ ~ First time PBDT +ve for Chandrapur project in FY'19 Budge Budge & Haldia amongst TOP TEN performing power plants in the country Marked improvement in T&D Loss FY 19-8.96% FY18-9.65% - Reduction o

  11. Slide 11: Financial Performance of key subsidiaries - FY'18-19

    ~Qf,_ RP- Sunjlv Gocnka - - , ~ Group 4~~~,~~ ""'f"''1'"'.,,i;.,,1rw Financial Performance of key subsidiaries - FY'18-19 CESCLtd(Standalone) 7919 · 2093 937 861 CESC Ltd (Consolidated) 10868 3660 1184 912 HaldiaEnergy Ltd 2293 969 324 313 Dhariwal Infrastructure Ltd 1181 366 {93) {199) Crescent Pow

  12. Slide 12: Distribution Overview

    ~4+.,, ~~~.~~ Distribution Overview RP~ sanjlv Gocnka - - - , ~ Group l<"f"tl'lllm<,,.,,t~ 0 Distribution Input based Input based Bikaner O Nolda Licensee Licensee 0 Bharatpur Contract franchisee franchisee Kola 0 0 Kolkata Area 567 sq. km 335 sq. km 381 sq. km 25 sq. km Malegaon 0 Consumer 33 lakhs

  13. Slide 13: Overview of CESC - Kolkata Distribution Business

    ~,¾_,, RP~ Sanjiv Gocnka Overview of CESC - Kolkata Distribution Business llJ~ CESC L!MlfEO ----,~ Group ,_,_,,...,,,-,.,,t. D India's oldest electricity utility, operating since 1899-120+ years of experience D Engaged in Coal mining, Generation and Distribution of electricity to city of l<olkata &

  14. Slide 14: Kolkata distribution: B2C Business

    ~~,- RP~ Sanjiv Gocnka tp~~l~f ....,,~ G,oup Kolkata distribution : B2C Business ""n"'""''''""'I""" ! ,, Sales (license area)- 9700 MU+ 10 Mains World-class LT-69% District Control Centre HT-31% 0 73 0 SCADA & Commercial Analytics 0 Export~ 700 MU districts (Meter Reading & Billing) 1:

  15. Slide 15: Delivering customer service across the electricity value chain

    ~ t i ~ RP~SanjlvGocnka ...,.\I"'.' a,oup ~~~.~~ Deuvering Customer service across the electricity value chain ••·~t"'tl-•l•oU\l'lil Transmission 1,

  16. Slide 16: Leadership in Technology and Innovation

    ~?"':.;, RP~ sanjlv Gocnka - - , ~ Gcoup ~~~~.~~ Leadership in Technology and Innovation '"'"'~l'""•-IJ,t\l Integrated 55 at New Cossipore Compact 33 kV Distribution Underground 132 kV 55 at with 220, 132 & 33 kV GIS Station 'Quest Mall' OP®WER Silver Spring~-· NcTWQRK AMI with approx. 25,000 Smart

  17. Slide 17: CESC Service

    ..,;ii;.4t:,,,,, RP~ Sanjiv Gocnka - , ~ G,oup l"!l'~"l"'"''""'•IM~ CESC SERVICE Improving Consumer Experience with superior customer service CESC ~ ·nw Tl'legrnph Social ; ~ r~tl ~a1 Media

  18. Slide 18: Awards & Recognitions

    ~6~" RP· s.:injlv Gocnka --V~ Group Awards & Recognitions $~~.~~ f"'l'W'/1...,•t•><•I<» / \\ Dun & Bradstreet Infra Awards 2017 .!/;"',~ ,/ i/ .// / ~\ Company ,;/Budge Budge TP~ / 91h CII national HR ·. ./ Awarded as the / excellence awards ~~ili';;':;a;.;,,~,, Gold Winner at the ! 2018-19 /Li!lli1

  19. Slide 19: CESC Standalone Financials

    ~'>- RPHSanjivGoenka - - , ~ Grovp CESC Standalone Financials ~f,~.~~ ·"'"•--·-•·""''"" Sales (MU) Revenue (Rs. bn) 10350 10390 79 79 74 69 FY'12 FY'13 FY'14 Including power export FY'15 FY'16 FY'17 FY'18 FY'19 iiii FY'12 FY'13 FY'14 FY'15 FY'16 Financial nos. from FY'16 compiled under IND AS FY'17

  20. Slide 20: CESC Standalone Financials

    ~4,,_ RP- sanjlv Gocnka CESC Standalone Financials $~~.~~ --,~ ".,.'-o-up---------------:--------- H,rt,;;11»tt-l"'°"''"" PBT (Rs. Bn) Long Term Debt/ Equity Ratio 11.94 0.8 0.7 0.7 _, 0.6 0.5 0.4 0.3 0.2 0.1 0.0 FY'12 FY'13 FY'14 FY'lS FY'16 FY'17 FY'18 FY'19 FY'12 FY'13 FY'14 FY'lS FY-16 FY'17 FY'

  21. Slide 21: Noida Power Company Limited

    ~.¢;J,;i_ic: RP# Sanjlv Gocnka ---,,,-:: Gcoup Noida Power Company limited ~~~.~~ h,W>,"i u,,. • t<= , _ JV with Power Procurement Distribution Area Greater Naida Started operations Dhariwal Greater Noida in Industrial December 1993 Infrastructure/ Short Uttar Pradesh Development Term/ Renewables Au

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  23. Slide 23: Noida Power Company Limited - demand projection

    d) CESC ~ii,,,. RP• sanjiv Gocnka - , ,::: Gcoup Noida Power Company limited ~LIMJTEO l<"f~litt••=IM~ 900 846 794 800 740 685 700 629 574 600 541 519 508 466 474 500 437 414 403 365 367 400 332 297 404 265 379 300 233 r 327 353 ' 274 300 200 248 222 198 174 100 0 FY 18 FY 19 FY20 FY 21 FY 22 FY23 FY

  24. Slide 24: Distribution Franchisee - Kota, Bharatpur and Bikaner

    ~'<'>- f~- G(ovp RP- Sanjiv Gocnka Distribution Franc::hisee-Kota, Bharatpur and Bikaner 4~~~.~~ ,m1•,~,.,,..•l'"'•'<ltt Particulars Kota Bharatpur Bikaner Area (Sq. Km.) 176 50 155 RAJASTHAN Population (Nos. Lakh) 11.76 2.52 6.44 Consumer Count (Nos. Lakh) 2.28 0.63 1.79 ✓ \ C Energy Input (Million

  25. Slide 25: Key Interventions after Takeover

    ~"'1~ RP-SanjivGocoka --VP" G,oup Key Interventions after Takeover $~~,~~ """'"'''""'"""'u~ • .Defective meters replaced • Centralized Command Station • Newconnecti.onwithinaday • Regular.billing for consumers • Diesel Gen Sets on stand-by for • Outage calls.attended in <l hour • Accuracytesting on

  26. Slide 26: CESC Distribution - Malegaon

    ~&·•" RP-Sanjlv Gocnka - , , ~ Gcoup CESC Distribution - Malegaon ¢~~~.~~ l,ff1,~~I 1/,M '"''"' ,,... Start of operations Distribution Area Concession Period Power Procurement April 2019 Malegaon in 20 Years MSEDCL (Anticipated) Maharashtra Area No. of consumers Energy Input Energy Billed 25 sq.km.

  27. Slide 27: Generation Overview

    ~*- RP~Sanjlv Gocnka - - , ~ - G,oup Generation Overview ~~~.~~ ,,,.,.,..,,,,..,.i-11,-, BBGS 750MW 92 I • E-auction Integrated generation for SGS 135MW 28 Kolkata Distribution • CIL Linkage TGS 240MW - J • CIL Linkage Crescent •• Coal Washery 40MW 94 • Short Term Supply - Power Rejects • CIL Linkag

  28. Slide 28: Generation - Integrated with Kolkata Distribution

    ~-. RP-Son)lvG£,ower Generation - Integrated with Kolkata Distribution ---,,::: G,oup 4~~~.~~ w,µ,,,u,..,«..,,m Stations Budge Budge- BBGS Assured Post Tax (3x250MW) Cumulative Capacity Equity Return Southern- SGS 1125MW 15.5% on (2x67.SMW) Normative Equity Titagarh- TGS (4x60MW) 1985 . ... .- 1990

  29. Slide 29: 600 MW Haldia Thermal Power Project, West Bengal

    -,;:rs ~46,¼ RPHSanjiv Gocnka G,oup 600 MW Haldia Thermal Power Project, West Bengal 4w~~.~~ l""'tHl"""•hu!M1 • Generating Station: 2x300 MW Thermal Power Plant • Entire capacity to CESC (Kolkata) -PPA approved by WBERC • Assured Post Tax Equity Return 15.5% on Normative Equity • Fuel Supply Agreeme

  30. Slide 30: 600 MW Chandrapur Thermal Power Project, Maharashtra

    ~,11)r RP~ Sanjiv Gocnka - , ~ Group 600 MW Chandrapur Thermal Power Project, Maharashtra ~~~.~~ ""'l'~•i 1>m •~\!ml • First Independent Power Plant of CESC • Generating Station: 2x300 MW in Chandrapur, near Nagpur • Project cost of Rs. 38 billion funded at 75:25 debt-equity ratio • Fuel Supply Agre

  31. Slide 31: Crescent Power

    ....:ii;;:40-- y~ a,oup RP-Sanjiv Gocnka Crescent Power ~~~.~f lmV,~j!itt,,h.,.,m • Generating Station: 40 MW AFBC based power plant f; t:- '" • Commissioning Year: 2010 • Plant set up at CESC's Sarisatolli coal mine pit in West Bengal & primarily based on washery rejects • Power sold to the grid •

  32. Slide 32: Renewables - Current Operations

    ~1'- RP- Sanjiv I f ~ Group Renewables - Current Operations ~~~,~~ ""f-""l'""'''"'-''... Operational (174MW) Jaisalmer 24MWWind Rojmal 70 MW Wind ee-0~·. ' Mahidad 26MWWind ~!€

  33. Slide 33: Renewables

    ~,<;,..,.. RPN sanjlv Gocnka --, pl;:'.· G,oup Renewables tV~~.~~ ,..,.,,~,,,..,._,,_ 0 One of the best portfolios in terms of tariff and returns 0 Amongst the first companies to set up a Solar Power Project at Gujarat (2010) and Tamil Nadu (2015) under the State Feed-in-tariff model Dangri, Rajasth

  34. Slide 34: Thank You

    ~4&" RP~SanjivGocoka - , ~ G,oup +~~,~~ 1,.,U><tli""••-,_ THANK YOU 3:

CESC — Investors' Conference, London (May 2019) on 6ix