Rec Limited · NSE:RECLTD
Rec — Rural Electrification — Q1 FY16 Earnings Presentation
13 slides from Rec's earnings presentation, 2015
Slide 1: Investor Presentation Performance Highlights Q1 FY 16
Investor Presentation Performance Highlights Q1 FY 16 RURAL ELECTRIFICATION CORPORATION LIMITED A Navratna PSU
Slide 2: Highlights - (Q1 FY16 vs. Q1 FY15)
Highlights - (Q1 FY16 vs. Q1 FY15) Total Assets increased by 20% from INR 1,58,898 Crore to INR 1,91,250 Crore Outstanding Borrowings increased by 19% from INR 1,30,747 Crore to INR Balance Sheet 1,55,772 Crore Net worth increased by 19% from INR 22,004 Crore to INR 26,267 Crore Total Income
Slide 3: Sanctions - Composition
Sanctions - Composition (Amount in INR Crore) Q1 Q2 Q3 Q4 12M Discipline-wise FY 16 FY 15 FY 15 FY 15 FY 15 FY15 FY 14 FY 13 1,112 2,753 6,949 11,877 2,747 24,326 29,019 27,492 Generation 15% 17% 58% 64% 19% 40% 41% 35% 5,978 13,107 4,451 6,194 11,383 35,135 39,446 47,846 T&D (including RGGVY/ DDUGJ
Slide 4: Disbursements - Composition
Disbursements - Composition (Amount in INR Crore) Q1 Q2 Q3 Q4 12M Discipline-wise FY 16 FY 15 FY 15 FY 15 FY 15 FY 15 FY 14 FY 13 2,428 3,790 3,864 2,453 4,016 14,123 12,989 12,497 Generation 26% 45% 39% 25% 27% 33% 37% 32% 1,661 1,579 1,435 1,392 1,880 6,286 4,113 5,297 Transmission 18% 19% 14% 15%
Slide 5: Outstanding Loan - Composition
Outstanding Loan - Composition (Amount in INR Crore) Q1 Q2 & H1 Q3 & 9M Q4 & 12M Discipline-wise FY 16 FY 15 FY 15 FY 15 FY 15 FY 14 FY 13 Amount % Amount % Amount % Amount % Amount % Amount % Amount % State 1,47,422 79 1,24,600 80 1,27,542 79 1,33,015 79 1,41,966 79 1,17,843 79 1,02,292 80 Central
Slide 6: Loan Quality
Loan Quality (Amount in INR Crore) Particulars Q1 Q2&H1 Q3&9M Q4 & 12M FY 16 FY 15 FY 15 FY 15 FY 15 FY 14 FY 13 Loan outstanding 1,86,420 1,55,234 1,62,421 1,68,971 1,79,647 1,48,641 1,27,356 Gross NPA 1,577 1,335 1,335 1,335 1,335 490 490 (1) Provision 390 243 243 243 365 137 89 Net NPA 1,187 1,09
Slide 7: Funds Raised During The Period
Funds Raised During The Period (Amount in INR Crore) Q1 Q2 Q3 Q4 12 M Category FY 16 FY 15 FY 15 FY 15 FY15 FY15 FY 14 FY 13 1,181 1,095 1,226 1,229 1,788 5,338 5,350 4,903 Capital Gains Bonds 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% - - - - - - 6,000 2,648 Tax Free Bonds - - - - - - 8.48% 7.
Slide 8: Borrowing Profile as at end of the Period
Borrowing Profile as at end of the Period (Amount in INR Crore) Q1 Q2 & H1 Q3 & 9M 12M Particulars FY 16 FY 15 FY 15 FY 15 FY 15 FY 14 FY 13 Amount % Amount % Amount % Amount % Amount % Amount % Amount % Capital Gain Bonds 15,771 10 15,524 12 15,613 11 15,677 11 15,591 10 15,493 13 15,187 14 Tax Fre
Slide 9: Statement of Assets & Liabilities
Statement of Assets & Liabilities (Amount in INR Crore) Q1 Q2 & H1 Q3 & 9M Q4 & 12 M Particulars FY 16 FY 15 FY 15 FY 15 FY 15 FY 14 FY13 Liabilities Shareholders Funds 26,267 22,004 23,540 23,967 24,857 20,669 17,454 Borrowings 1,55,772 1,30,747 1,39,056 1,42,836 1,51,024 1,26,240 1,07,791 Deferred
Slide 10: Income Statement
Income Statement (Amount in INR Crore) Particulars Q1 Q2 Q3 Q4 12M FY 16 FY 15 FY 15 FY 15 FY15 FY15 FY14 FY13 Interest Income 5,641 4,648 4,986 5,145 5,293 20,072 16,806 13,291 Finance Costs 3,306 2,752 2,954 3,045 3,094 11,845 10,039 8,083 Net Interest Income 2,335 1,896 2,032 2,100 2,199 8,227 6,
Slide 11: Key Indicators
Key Indicators Q1 Q2 Q3 Q4 12 M Particulars FY 16 FY 15 FY 15 FY 15 FY15 FY15 FY14 FY13 Yield on Loan (%) (Annualised) 12.33 12.24 12.56 12.42 12.15 12.23 12.18 11.62 Cost of Funds (%) (Annualised) * 8.62 8.57 8.76 8.64 8.42 8.54 8.58 8.17 Interest Spread (%) * 3.71 3.67 3.80 3.78 3.73 3.69 3.60 3.4
Slide 12: Shareholding Pattern
Shareholding Pattern As on => 30.06.15 31.03.15 31.12.14 30.09.14 30.06.14 31.03.14 31.12.13 30.09.13 30.06.13 31.03.13 Description % % % % % % % % % % President of India 60.64 65.64 65.64 65.64 65.64 65.64 66.80 66.80 66.80 66.80 Foreign Institutional 21.65 20.86 20.08 19.88 19.24 18.68 19.40 19.76
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Rural Electrification — Q1 FY16 Earnings Presentation on 6ix