Confidential Slide
Forward looking statements – Important Note
2
This presentation and the discussion that follows may contain “forward looking statements” by Reliance Infrastructure that are not historical in nature. These forward looking statements, which may include statements relating to future results of operation, financial condition, business prospects, plans and objectives, are based on the current beliefs, assumptions, expectations, estimates, and projections of the directors and management of Reliance Infrastructure about the business, industry and markets in which Reliance Infrastructureoperates. These statements are not guarantees of future performance, and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond Reliance Infrastructure control and difficult to predict, that could cause actual results, performance or achievements to differ materially from those in the forward looking statements. Such statements are not, and should not be construed, as a representation as to future performance or achievements of Reliance Infrastructure. In particular, such statements should not be regarded as a projection of future performance of Reliance Infrastructure. It should be noted that the actual performance or achievements of Reliance Infrastructure may vary significantly from such statements.
Confidential Slide 3
Roads
Metros
Cement
Airports
Power Sector
Distribution
Transmission
Trading
Generation
R Infra Presence
Infrastructure Sector
Business Overview
Confidential Slide 4
Pan India Presence
36 Projects I 16 States I 8 Sectors
Madhya Pradesh, Uttar Pradesh, Chattisgarh & Haryana : 3 projects
1 Ultra Mega Transmission Project1 Road Project , 1 Cement Plant
Andhra Pradesh & Orisaa : 3 projects1 Ultra Mega Transmission Project ,
1 Hyderabad Real Estate & 1 Power Generation Plant
Tamil Nadu : 6 projects6 Road Projects
Karnataka : 1 projectWind Farm Generation Plant
Goa : 1 projectPower Generation Plant
Maharashtra : 14 projects1 Road, 2 Metros,
5 Airports, 1 Real Estate,1 Cement plant , 1 Generation,
2 Transmission & 1 Distribution
Gujarat : 2 projects1 Road Project &
1 Transmission Project
Rajasthan : 1 projectRoad Project
Punjab & Himachal Pradesh : 1 project
Transmission Project
Kerala : 1 projectPower Generation Plant
Delhi : 3 projects1 Road Project, 1 Metro & 1 Distribution
Confidential Slide 6
Roads 11 ` 120 Bn
Metros 3 ` 170 Bn
Airports 5
Total 21 ~` 360 Bn
Cement 2 ` 66 Bn
Business No. of projects
Project Cost ` Bn
Infrastructure Portfolio
Amongst the largest infrastructure company in India
` 5 Bn
Confidential Slide 7
Road Business
11 Projects I 7 States I 970 kms I ` 120 Bn
Amongst the largest NHAI concessionaire
Urban centric roads ensuring high traffic growth
8 road projects are revenue operational
10 road projects will be revenue operational within FY13
First developer in the country to introduce:• Enterprise Toll Management System • Mobile Environment Monitoring system
Pune-Satara : First road project in India to be accredited with ‘ISO 27001’ certification for Robust Information Security practices
Won best project management award for online monitoring of project activities from CIOL and
Data Quest - First of its kind application
RInfra presence
Confidential Slide
Road Project DetailsParticulars
Namakkal Karur(NK Toll Road)
DindigulSamyanallore(DS Toll Road)
TrichyDindigul
(TD Toll Road)
Salem Ulenderpet
(SU Toll Road)
HosurKrishnagiri
(HK Toll Road)*
Pune Satara(PS Toll Road)*
Length (kms) 44 53 88 136 60 140
Project Cost -` Bn ` 3.5 Bn ` 4.2 Bn ` 5.4 Bn ` 10.6 Bn ` 9.3 Bn ` 19.9 Bn
Debt - ` Bn ` 2.8 Bn ` 3.3 Bn ` 3.2 Bn ` 6.4 Bn ` 5.6 Bn ` 10.9 Bn
Equity - ` Bn ` 0.5 Bn ` 0.5 Bn ` 1.1 Bn ` 2.1 Bn ` 3.7 Bn ` 8.9 Bn
Grant/Premium - ` Bn ` 0.2 Bn ` 0.3 Bn ` 1.1 Bn ` 2.1 Bn ` 0.7 Bn (P) ` 0.9 Bn (P)
Concession Period (years)# 20 20 30 25 24 24
Client NHAI NHAI NHAI NHAI NHAI NHAI
State Tamil Nadu Tamil Nadu Tamil Nadu Tamil Nadu Tamil Nadu Maharashtra
COD Operational since Aug’ 09
Operational since Sep’ 09
Operational since Jan, 12
Operational since June’12
Tolling started in June’ 11
Tolling started in
Oct’10
8
# Includes construction period P - Premium sharing * Six Laning projects
Confidential Slide
Road Project Details
9
* Six laning projects # Includes construction period P – Premium sharing @ GF Toll road – Upfront payment of ` 1.5 Bn paid to Haryana Govt
ParticularsGurgaon
Faridabad(GF Toll Road)
Delhi Agra(DA Toll Road)*
Trichy Karur(TK Toll Road)
JaipurReengus
(JR Toll Road)
KandlaMundra
(KM Toll Toad)
Length (kms) 66 180 80 52 71
Project Cost - ` Bn ` 7.8 Bn ` 29.5 Bn ` 7.3 Bn ` 5.6 Bn ` 11.3 Bn
Debt - ` Bn ` 5.8 Bn ` 19.1 Bn ` 4.4 Bn ` 3.9 Bn ` 7.9 Bn
Equity - ` Bn ` 2.0 Bn ` 8.5 Bn ` 1.5 Bn ` 0.6 Bn ` 3.4 Bn
Grant/Premium - ` Bn ` 1.5 Bn@ ` 1.8 Bn ` 1.5 Bn ` 1.0 Bn ` 0.4 Bn (P)
Concession Period (years)# 17 26 30 18 25
Client Haryana NHAI NHAI NHAI NHAI
State Haryana Uttar Pradesh Tamil Nadu Rajasthan Gujarat
COD /Revenue to start
Operational since July’12
Tolling startedsince Oct’12 Q4 FY13 Q4FY13 Q2FY14
Confidential Slide 10
Metro Rail Business
* Including construction period ^ Could be extended for further 10 years
3 Projects I 66 kms I ` 170 Bn
ProjectProject Cost
` BnDebt : Grant
: EquityLength (Kms)
No. of Stations COD Concession
Period*
Reliance Metro Airport Link - Delhi ` 28.9 Bn 70:0:30 23 6 Feb 2011 30 years
Reliance Metro Line I - Mumbai ` 25.0 Bn 51:27:22 11 12 2013 35 years
Reliance Metro Line II - Mumbai ` 115.0 Bn 64:21:15 32 27
Within 5 years from
start35 years^
Total ~` 170.0 Bn 66 45
Confidential Slide 11
Delhi Airport Metro Express Link – Project Details Metro airport express link connects New Delhi Railway
Station to Dwarka through IGI Airport
Connected with existing DMRC network at both ends i.e. New Delhi station and Dwarka station
Fare structureCategories Fare / Trip
Between New Delhi Station & IGI Airport ` 150
Between Dwarka Sector 21 & IGI Airport ` 30* Fares to be increased every 2 yr @ WPI
Real Estate area of 1,32,000 sqft at New Delhi Railway station and Shivaji Stadium stations
Fastest, comfortable and economical commute to the airport
Dwarka sector -21
IGI Airport
NH-8 Dhaula Kuan
Shivaji Stadium
New Delhi Railway Station
Commercial operations commenced in February 2011 – Completed in a record time of 27 months
Confidential Slide 12
Delhi Airport Metro Express Link – Status Update Commercial operations resumed on January 22, 2013,
post rectification of defects by DMRC and subsequent certification by CMRS
All repairs work cost borne by DMRC
Trains operating : 19 hours/day @ 100% system availability
Frequency of trains : 15 mins
No. of commuters : Over 12,000 within one month of operations
Advertisement : Partnered with leading advertising firm JC Decaux to manage advertisements
Commuter centric facilities like Trolley & Porter, Radio-cab, Wifi, Feeder Buses, Chota Pass, Monthly Pass etc started
Commercial operation restarted on January 22, 2013
Confidential Slide 13
Elevated metro rail connecting Versova – Andheri – Ghatkopar
Reduction in travel time from 90 mins to 20 mins
Traffic forecast: 0.6 Mn per day
Fare Structure:Categories Fares at Base (in FY13)*
Traffic < 3 km ` 9
8 km <Traffic>3 km ` 11
Traffic > 8 km ` 13
* Fares to be increased @11% every 4th year
Real Estate of 1,000 sqmtrs at each station
Mumbai Metro Line I – Project Details
Fastest East to West connectivity
Confidential Slide 14
Mumbai Metro Line I – Status Update ~99% of civil work completed
• Cable stayed bridge on Western Express Highway completed• All spans on Andheri Bridge completed• Mithi River Special Bridge completed• Train simulation system successfully installed
Final testing of major equipment commenced
10 out of 16 rolling stock received
Obtained Viability Gap Funding of ` 5.5 Bn from MMRDA
Project to be commissioned in 2013
Confidential Slide
Mumbai Metro Line II – Project Details 32 km elevated track along the Charkop-Bandra-Mankhurd
Will provide North-South & East-West connectivity
Estimated project cost of ` 115 Bn
Viability Gap Funding of ` 23 Bn
15
Direct connectivity to all suburban lines i.e Western, Central & Harbour
Mumbai Metro Line I Status Update
Complete readiness to take-up the project• Achieved Financial closure• Pre-construction work related activities completed
Govt. of Maharashtra yet to fulfill few Condition Precedent (CP)• Only 50% Right of Way provided • Environmental clearance for depot land awaited
Confidential Slide
Airport Business
16
Developing & Operating 5 brownfield regional airports in Maharashtra i.e. Nanded, Latur, Yavatmal, Baramati & Osmanabad
Lease period : 95 years
Land area : 1,487 acres
Nanded airport : 6 commercial flights operating/week
Osmanabad airport : Hangar facilities and flight training academy already set-up
Charter flights operations are increasing in all 5 airports due to increased economic and social activities
Innovative non-aero revenue streams such as automobile testing, film / TV commercials, shooting, etc. being undertaken
Aims to increase footprints across the aviation industry
Confidential Slide
Cement Business
17
Developing two cement plants of 5 Mn tons each in Madhya Pradesh & Maharashtra
Grinding and Blending unit of 0.6 mtpa• First cement bag launched in the Vidarbha market under
brand name ‘Reliance Cement’
• Cement bags being produced from Butibori, Maharashtra
Maihar (MP) plant of 5 mtpa• All regulatory clearances received
• Major plant & machinery ordered
• Expected to be commissioned by Q3FY14
2 Projects I 10 Mn tons I ` 66 Bn
Confidential Slide
EPC Business
19
Order Book of ` 121 Bn as on Dec 31, 2012
• RPower & Internal Power projectso 3,960 MW Sasan UMPPo 600 MW Butibori TPP*o 2,400 MW Samalkot power project o Western Region Strengthening project
• External Power projectso 1,200 MW Raghunathpur TPP*o 1,200 MW Rajiv Gandhi TPP* at Hisaro 500 MW Parichha TPP* BOP package
• Road projects o Jaipur Reengus Toll Roado Pune Satara Toll Roado Kandla Mundra Toll Roado Hosur Krishnagiri Toll Roado Delhi Agra Toll Road
* Thermal Power Project
Well equipped for fast track execution of projects…
0
20
40
60
80
100
120
FY09 FY10 FY11 FY12 9MFY13
2535 36
117
56
Revenue (` Bn)
EBIT Margin (%) 8% 9% 10% 13% 10%
Confidential Slide
Power Generation
21
Dahanu Power Station is “ISO 50001:2011” certified for Energy Management System – Only plant in the world to receive this certification
Dahanu Power Plant running at PLF of ~100% from last 7 years
Outperformance of norms leading to high ROEs
Power Plant
Capacity(MW)
Type Off-take Arrangements
Dahanu 500 Thermal Mumbai Discom
Samalkot 220 Combined Cycle Andhra Pradesh Grid
Goa 48 Combined Cycle Goa Grid
Kerala 165 Naptha Kerala State Electricity Board
Wind Farm, Karnataka 8 Wind Karnataka Power
Transmission Corp. Ltd
Total 941
Confidential Slide 22
Future Power Generation through Reliance Power
2222
Largest integrated private sector power generation portfolio in India
RInfra owns 36.5% of RPower
RPower to develop all future power generation assets in India and overseas
1,840 MW of operational capacity
Coal production commenced in September 2012
Sasan UMPP 1st unit to be commissioned in March 2013
Confidential Slide 23
Reliance Power Portfolio
Well diversified portfolio by fuel type, offtake and location
Power – Operation
Project No. Capacity (MW)
Coal based 1 1,800
Solar 1 40
Power – DevelopmentProject No. Capacity (MW)
Hydroelectric 12 5,292
Coal based 1 ~5,000
ResourcesAsset No. Resources
Coal blocks-India 3 ~ 2 bn tonnes
Coal mine-Indonesia 3 ~2 bn tonnes
CBM blocks 4 193.92 BCM# Operating Projects; ̂ Projects Under Construction; * Projects Under Development
Power – ImplementationProject No. Capacity (MW)
Coal based 5 15,840
Gas based 1 2,400
Solar 1 100
Wind 1 45
Butibori#(600 MW)
Rosa #
(1,200 MW)
Tilaiya^
(3,960 MW)
Krishnapatnam^
(3,960 MW)
Chitrangi^(3,960 MW)
Sasan^
(3,960 MW)
Samalkot^(2,400 MW)
Sohagpur
Kothagudem
Barmer 4
Barmer 5
Coal Gas Coal Mines CBM blocks
Solar CSP ^
(100 MW)
Solar PV #
(40 MW)
Wind^
(45 MW)
Renewable
Hydro Projects *(672 MW)
Hydro Project *
(400 MW)Hydro Projects *
(4,220 MW)
Hydro
Confidential Slide 24
Power Transmission Portfolio
5 Projects I 10 States I ~` 66 Bn
* Tariff Based Project # Regulated Return Project
1
1
2
33
5
5
4
4
4
4
S.No Name of the project Project Cost ` Bn
1 WRSS* ` 13.8 Bn
2 Mumbai Transmission# ` 18.0 Bn
3 Parbati Koldam# ` 10.7 Bn
4 North Karanpura* ` 15.5 Bn
5 Talcher II* ` 8.2 Bn
Total ` 66.2 Bn
Confidential Slide 25
First 100% privately owned transmission line commissioned in India 6 out of 9 transmission lines commissioned in Maharashtra & Gujarat ~98% of tower foundation and ~88% of stringing work completed Project to be commissioned in 2013
Signed financing agreement with PFC & REC for debt of ` 7.7 Bn Stringing commenced in February 2012 Both the lines to be commissioned in 2013
Western Region Strengthening Scheme
(WRSS)1
Parbati Koldam3
North Karanpura4
Talcher II5
Largest private player in transmission sector
Acquisition process completed Applied for force majeure - Application is being heard by CERC
Acquisition process completed Applied for force majeure - Application is being heard by CERC
Power Transmission – Project Status
Mumbai Transmission2
8 EHV stations charged till Q3FY13 - Enabling additional flow of 250 MW to load centres in Mumbai
5 multi storied compact EHV sub-stations recently charged provides connectivity to the State Transmission Grid
Registered all time high availability of 99.8% v/s regulatory target of 98%
Confidential Slide 26
Power Distribution
Serves 2 out of 3 homes in Mumbai & Delhi
Serves over 6.0 million customers
Distributes over 5,000 MW of power
Distributes uninterrupted and reliable 24x7 power
Largest private sector distributor of power
Confidential Slide 27
Mumbai Distribution Distributing power to over 2.9 million customers
• Added ~54,000 consumers in 9MFY13
Among the lowest AT&C loss levels in the country• AT&C losses of ~10%• Reliability of 99.98%
Continuous upgradation and modernization undertaken• Yearly investment of ` 4 Bn
Created ring main system upto last mile
Unique web enabled new connection services
International standard customer care centers based on ‘Single Window' concept
Awarded “India Power Award 2012” for energy efficiency and conservation
Confidential Slide 28
Mumbai Distribution – Recent Developments
License renewed for 25 years i.e till 2036
Migration to Tata Power banned for consumers consuming >300 units/month for one year
ATE* recognized & rejected Tata Power appeal challenging MERC order on cherry picking of high end consumers by Tata Power
ATE upheld MERC order of levying CSS on changed over customers relieving RInfra consumers from tariff shock
Earned Cross Subsidy Surcharge and Wheeling Income from migrated consumers
• Cross Subsidy Surcharge - ` 0.8 Bn in 9MFY13• Wheeling Income - ` 2.0 Bn in 9MFY13
* ATE – Appellate Tribunal on Electricity
Confidential Slide
Delhi Distribution
29
Owns 49% in two Discoms since privatization in 2002
Distributing power to over 3.2 million customers• Added 123,600 customers in 9MFY13• 3,255 MW of peak demand
AT&C loss reduction of ~35% since takeover
Continuous upgradation and modernization undertaken• Yearly investment of ` 5 Bn
Implemented tariff hike of ~21% wef July 1, 2012
Additional surcharge of 8% imposed on the approved tariff to recover Regulatory Asset
ARR filed with DERC for additional tariff increase
Discoms have filed for Power Purchase Adjustment Charge price variation recovery
BYPL won “India Power Award 2012” for Turn Around Discom
31.326.7
23.520.2
17.0
15.0
29.9 27.3
20.5 18.916.6
17.8
0
6
12
18
24
30
36
FY07 FY08 FY09 FY10 FY11 FY12
AT&
C L
osse
s (%
)
BSES Rajdhani Power Limited (BRPL)
Target Achieved
39.9
30.024.0 22.9 19.9 17.8
40.034.8
30.526.3
22.018.0
0
10
20
30
40
50
FY07 FY08 FY09 FY10 FY11 FY12
AT&
C L
osse
s (%
)
BSES Yamuna Power Limited (BYPL)
Target Achieved
Recent Developments
Confidential Slide 30
Innovation and Technology Leadership - Distribution
India’s first utility to implement –“Network Intelligence and Fault Location Intelligence”
* RAPDRP - Restructured Accelerated Power Development & Reforms Programme
Mumbai Distribution
• Implemented GIS based Outage Management System
• Empanelled as IT Consultant, IT Implementer & SCADA/DMS Consultant under RAPDRP*. Key projects include:
o IT Consultancy to SEB’s of Karnataka
o SCADA/DMS Consulting to SEB’s of Haryana, Chattisgarh, Maharashtra, Bihar and Chandigarh
o IT Implementation projects for SEB of Chhattisgarh
Delhi Distribution
• Rockson Engineering, a leading Nigerian company awarded international consulting
• Launched solar power Renewable Energy Assisted Pump (REAP) project in association with IIT-Delhi
Confidential Slide
Financials Performance
32
Standalone
Amount In ` Bn
Consolidated
Particulars FY10 FY11 FY12 9MFY13
Operating Income 100.3 95.6 179.1 104.0
EBITDA 19.1 17.0 33.3 22.5
PBT 13.0 11.4 25.0 17.7
PAT 11.5 10.8 20.0 14.0
Cash Profit 14.4 13.4 26.2 17.6
EPS (US$/share) 50.3 40.5 75.7 53.3
Particulars FY10 FY11 FY12 9MFY13
Operating Income 148.7 152.2 242.3 161.9
EBITDA 23.5 24.9 35.4 29.1
PBT 13.5 13.6 18.4 17.2
PAT 15.2 15.5 15.9 15.2
Cash Profit 19.4 19.8 23.4 19.8
EPS (US$/share) 66.4 58.2 60.1 57.9
Bottomline growth of ~34% CAGR in last 3 years Topline growth of ~28% CAGR in last 3 years
Confidential Slide
Sound Financial Status Balance Sheet Strength
As on December 31, 2012
Conservatively financed with Debt:Equity of 0.72x on consolidated basis
All projects are financially closed
33
Strongest balance sheet in the industry…..
ParticularsStandalone
` Bn Consolidated
` Bn
Networth ` 204 Bn ` 262 Bn
Book Value/share (US$/share) ` 776 ` 995
Debt ` 96 Bn ` 188 Bn
Confidential Slide
Shareholding Pattern
34
CategoryNo. of Shares
(In Mn)% of total
shareholding
Promoters 128.3 49
Insurance Co 46.6 18
FII 45.3 17
Mutual Funds / Banks & FI 7.2 3
Bodies Corporate 6.6 2
Public 29.0 11
Total 263.0 100As on December 31, 2012
Largest shareowner family in the sector : 1.3 Mn shareholders
Confidential Slide 36
Expanding footprint in high growth INFRASTRUCTURE sectorsRoads 11 projects ` 120 BnMetro 3 projects ` 170 BnCement 2 projects ` 66 Bn Airports 5 projects ` 5 Bn
Healthy EPC order book of ` 121 BnPower 6 projects 9,900 MWRoads 5 projects 500 KmsTransmission 1 project 1,500 Kms
Largest private sector player in the POWER sectorGeneration 941 MW & Owns 36.5% of RPowerDistribution Licensee in Mumbai & DelhiTransmission 5 projects worth ` 66 BnTrading Amongst the top 5 trading licensee in the country
Healthy BALANCE SHEET to capitalize on growth opportunitiesNetworth : ` 262 Bn Debt:Equity : 0.72xBook Value : ` 995/share