Corporate Presentation

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PTC India Financial Services Limited

• Corporate Presentation
• July 2009

Visit us at www.ptcfinancial.com for more
information
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PFS - Its Genesis Growth

• PTC India Ltd (PTC) was setup in 1999 as an
  initiative of Government of India (GoI), to
  establish power market in India and as well as to
  act as a credit mitigating agency for Indian
  power projects from the private sector.
• PTC conceptualized and developed the trading of
  short term power market in India.
• After having established itself in the short term
  market, PTC started entering into long term Power
  Purchase Agreements (PPAs) with IPPs and to sell
  electricity being generated to various utilities
  through long term back to back Power Sale
  Agreements (PSAs) leaving some capacity merchant
  for sale in short term.
• PTCs portfolio size has grown more than 12000 MW
  of PPAs and about 33,000MW of MoUs for power
  purchase. With changes in the dynamics of the
  energy sector, there are huge investment
  opportunities for PTC to act as a integrated
  energy player.
• Accordingly, PTC formed financial services
  subsidiary, as an investment special purpose
  vehicle with the mandate to provide financial
  services in the entire energy value chain.

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PFS - Its Genesis Growthcontd.

• PTC India Financial Services Ltd (PFS), was
  incorporated under the Companies Act 1956 and
  registered with Reserve Bank of India as a non
  deposit taking Non Banking Financial Company.
• Authorized share capital of PFS is USD125 Million
  with the paid up capital of USD 90 Million.
• PTC holds 77.60 of the equity stake and Goldman
  Sachs and Macquarie Group holds 11.20 equity
  stake each.
• In about a years time, PFS has gross equity
  sanction upto USD 149 Million with disbursement
  of USD 44 Million. PFS has also committed gross
  debt assistance to projects to tune of approx USD
  146 Million with disbursement of USD 7 Million.
• About 20 projects are currently in pipeline at
  various stages
• 1USDRs 48

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PFS Its Vision and Mission

• Vision Be the most preferred financial services
  partner in the entire energy value chain.
• Mission To partner and forge strong
  relationships with credible stakeholders to
  provide complete financial services for all links
  in the energy value chain.

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Investments in Energy Value Chain PFS
To provide Investment and Financing solutions for
the broader Energy Value Chain
Scope of business activities

• Invest in Greenfield projects, Brownfield
  projects and provide expansion capital on an
  ongoing basis
• To the companies engaged in identified target
  sectors
• Investment in identified projects
• Power Exchange
• Tolling projects
• Biomass projects
• Wind project
• Coal Projects
• Investment in cross border transmission link
• Term Financing
• Financial solutions and advisory

• Strategic financial partnership in PTC India
  Financial Services to bring in
• Fund management best practices
• Strong relationship with global investors

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Stakeholders of PFS Strong Lineage

• PTC India Limited
• PTC started as leading provider of power trading
  solutions in India. Its primary objective is to
  develop a commercially vibrant power market in
  the country.
• In its endeavor to provide holistic services that
  address the sustainability of the power market
  model, PTC has diversified its operations by
  providing advisory services across the energy
  value chain, entering into the long term PPA with
  the various power utilities and generators,
  providing equity support to the projects in the
  energy value chain, entering and providing fuel
  linkages to power utilities and generators
  participating in the power market and development
  of power projects through JVs.
• GoI owned power sector undertakings NTPC, NHPC,
  PFC and POWERGRID collectively holds approx 16
  stake in PTC.
• PTC has net worth of USD 309 Million and
  continuous to be leading power trader in the
  country with market share of about 50.
• Goldman Sachs
• GS is a leading global investment banking,
  securities and investment management firm
  headquartered in New York, United States with
  assets under management amounting to US868
  billion and total assets of US 1,119 billion as
  on 31 March 2008.
• Macquarie Group
• The Macquarie group is a diversified
  international provider of banking, financial,
  advisory and investment services, headquartered
  in Sydney, Australia. Macquarie is a global
  leader in infrastructure investments and has been
  an established infrastructure owner and operator
  for over 13 years. Macquarie manages 31
  infrastructure funds world-wide that hold over
  100 infrastructure assets. As on 31 March 2008,
  the Macquarie Group had total assets of US 167
  billion with a further US 232 billion in assets
  under management.

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Board of Directors
Name Years of Experience
1. Mr. T. N. Thakur - CMD 31
2. Dr. Ashok Haldia 27
3. Mr. Deepak Amitabh 23
4. Mr. Shashi Shekhar 27
5. Mr. P. Abraham 31
6. Mrs. Rama Murali 35
7. Mr. Neil Kant Arora 10
8. Mr. L. B. Naidu 8
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Portfolio Investment of PFS

• PFS since its inception in 2007, has committed
  investments in equity of various projects in the
  energy value chain, some of these projects are
• Renewable Energy Investments
• 26 equity in a 10 MW biomass power project in
  Maharashtra. The project will primarily use rice
  husk as raw material and was commissioned on 17th
  Feb 2009.
• 37 equity in a wind cum bio diesel 100 MW
  project in Maharashtra- The project is presently
  the largest wind farm in the country to be set up
  in single location. The entire land for the
  project is acquired and financing is in place.
  The first phase of 41.25 MW is expected to be
  commissioned by Sep 2009 and remaining 58.75 MW
  is by Mar 2010.
• Upto 26 equity in an SPV, which will undertake
  around 500 MW of biomass and renewable energy
  projects. This SPV will scout for investment
  opportunities across the country and around 50
  projects are already identified and out of these
  permissions for 25 projects has been received
  from state govt.. One project is in the process
  of acquisition.
• 37 equity stake in 3 MW solar power project in
  Haryana. The entire land of the project has been
  identified and MoU has been signed with HAREDA.
  Order for equipment has been placed and likely to
  be commissioned by 2009 end.
• 26 equity in a 12 MW biomass power project in
  Haryana. The project will primarily use crop
  residue as raw material and is expected to be
  commissioned by 2010. ESA is going to sign by 2nd
  week of June 2009. Financial closure expected by
  end of July 2009.

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Portfolio Investment of PFS..contd.

• Conventional Sector Investments
• 26 equity in 189 MW imported coal based power
  project in Tamilnadu - The project is a merchant
  power plant and has three units of 63 MW each.
  The first phase of 2x 63 MW is expected to be
  commissioned by August 2009. The second phase of
  another 63 MW is expected to be commissioned by
  December 2009.
• 26 equity in the first phase of 270 MW imported
  coal based power project in Andhra Pradesh. This
  is the first of its kind of tolling project in
  the country in which PTC India Ltd will be
  supplying coal to the project and will purchase
  the power by paying conversion charges. Financial
  tie up has been achieved. The project is expected
  to be commissioned by 2011.
• Equity in stage I of 2660 MW thermal power
  project in Andhra Pradesh. 70 of coal required
  for the project has got the linkage by Ministry
  of Coal, GOI. Required land for the project has
  been already acquired. The project is expected to
  be commissioned in 2012. The project was
  sanctioned in Feb 2009.
• Equity in 2350 MW thermal power project in
  Orissa. It is a domestic pit-head coal project,
  for which the coal linkage has already been
  obtained. The first unit of IBEUL has already
  achieved the financial closure and financial
  closure for the second unit is in advanced
  stages. The first unit of the project is expected
  to be commissioned by December 2011 and second
  unit by March 2012.
• Indias First Power Exchange PFS is one of
  the promoters of the Indias first power exchange
  viz. Indian Energy Exchange and holds 26 equity
  in it. The exchange is operational.

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Portfolio Investment of PFS..contd.

• Debt Assistance
• to 350 MW Coal based power plant in
  Chhattisgarh.
• Disbursal of Rs. 6.51Crore has already been
  made. Likely commission as per schedule.
• to 54 MW Captive power plant of Cement Company
  in Orissa.
• Disbursal of Rs. 20 Crore has already been made.
  Likely commission as per schedule.
• to 10 MW Biomass based power plant in
  Maharashtra.
• Disbursal of Rs. 6 Crore has already been made.
  Likely commission as per schedule.
• to 12 MW Biomass based power plant in Haryana.
• This was sanctioned in Feb 2009 and the
  financial Closure is expected to complete by
  August 2009
• to 10 MW Biomass based power plant in
  Maharashtra.
• Financial Closure has been achieved and borrower
  is in process to complete the pre-disbursement
  condition.
• to 1320 MW Coal based power plant in Haryana
• This was sanctioned in Mar 2009 and the
  financial Closure is expected to achieve by Sep
  2009

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Portfolio Investment of PFS..contd.

• Debt Assistance
• to 3360 MW Coal based power plant in
  Chhattisgarh
• sanctioned in July 2009 and the financial
  Closure is expected to complete by October 2009
• to 260 MW coal based thermal power plant in
  Orissa
• sanctioned in July 2009 and the financial
  Closure is expected to complete by October 2009
• to 270 MW coal based thermal power plant in
  Jharkhand
• sanctioned in July 2009 and the financial
  Closure is expected to complete by October 2009
• to 10 MW biomass based thermal power plant in
  Gujarat
• sanctioned in July 2009 and the financial
  Closure is expected to complete by Sep 2009

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Investment Pipeline

• PFS has a strong pipeline of power projects. 15
  debt proposals (other than the projects at
  enquiry stage) in renewable and conventional
  sector aggregating to approx 4000 MW of total
  capacity.
• The promoter of these projects include the
  well-known MNCs in power sector, companies with
  strong sector financial credentials, and
  developers with proven track record in power
  sector.
• The aforesaid pipeline is in addition to the
  potential pipeline of projects which have MoU/PPA
  with PTC India Ltd for sale of their power.
• SPVs being set up through holding company
  structure where PFS is a JV partner

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PFS uniquely positioned in Energy Value chain

• Deep Understanding of Indian Power Sector
• PFS leverages on PTCs expertise in almost all
  parts of the energy value chain with interests in
  fuel intermediation, power trading and trading
  with cross border entities and evaluating
  technical and commercial feasibility of power
  projects and experience in advising generation
  companies as well as distribution companies.
• One Stop Service
• PFS is the entry to whole gamut of the entire
  services that would be required in energy sector
  ranging for tying up for the marketing and
  selling arrangement of the power to fuel
  intermediation and advisory services under PTC
  umbrella.
• Customer Focus Approach
• PFS is able to structure the product/ services
  catering to specific needs of the project
  developers depending upon the risk and reward
  profile at competitive transaction costs and
  least response time.
• Knowledge Driven Management Team
• PFSs management team comprises of the
  professionals from the power and financial
  sector, who have in depth knowledge experience
  and knowledge of their respective area.

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PFS uniquely positioned in Energy Value chain

• Enhancement of Project Profile
• The investment made by PFS adds to the valuation
  of the project (investee company) by bringing the
  core competency of its promoter i.e. PTC in
  off-take and marketing of power, which also
  assists in tying up the balance funding for the
  project.
• Long Standing and established Relationship
• PFS has access to key stakeholders and emerging
  players in the Indian Power Sector. PFS also has
  lineage of large available portfolio of PTC's
  long term power projects with 12,000MW of
  signed/initiated PPAs and another 30,000MW in the
  pipeline.
• Diversified Business Operations
• PFS has its target sectors across energy value
  chain including power generation, transmission
  and distribution assets, fuel sources, related
  infrastructure like gas pipelines, ports, LNG
  terminals, and equipment manufacturers in power
  sectors.

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PFS Resource Mobilization Plans

• In order to meet the growth requirements, PFS
  is contemplating to mobilize resources in short
  to medium term through
• External Commercial Borrowings (ECBs)
• Launching of Energy Sector focused Equity Debt
  Fund
• Initial Public Offer

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Disclaimer

• This presentation and the accompanying slides
  (the Presentation), which have been prepared by
  PTC India Financial Services Limited (the
  Company), have been prepared solely for
  information purposes and do not constitute any
  offer, recommendation or invitation to purchase
  or subscribe for any securities, and shall not
  form the basis or be relied on in connection with
  any contract or binding commitment whatsoever.
• This Presentation has been prepared by the
  Company based on information and data which the
  Company considers reliable, but the Company makes
  no representation or warranty, express or
  implied, whatsoever, and no reliance shall be
  placed on, the truth, accuracy, completeness,
  fairness and reasonableness of the contents of
  this Presentation. This Presentation may not be
  all inclusive and may not contain all of the
  information that you may consider material. Any
  liability in respect of the contents of, or any
  omission from, this Presentation is expressly
  excluded.
• Certain matters discussed in this Presentation
  may contain statements regarding the Companys
  market opportunity and business prospects that
  are individually and collectively forward-looking
  statements. Such forward-looking statements are
  not guarantees of future performance and are
  subject to known and unknown risks, uncertainties
  and assumptions that are difficult to predict.
  These risks and uncertainties include, but are
  not limited to the performance of the Indian
  economy and of the economies of various
  international markets, the performance of the
  power industry in India and world-wide,
  competition, the companys ability to
  successfully implement its strategy, the
  Companys future levels of growth and expansion,
  technological implementation, changes and
  advancements, changes in revenue, income or cash
  flows, the Companys market preferences and its
  exposure to market risks, as well as other risks.
  The Companys actual results, levels of activity,
  performance or achievements could differ
  materially and adversely from results expressed
  in or implied by this Presentation. The Company
  assumes no obligation to update any
  forward-looking information contained in this
  Presentation. Any forward-looking statements and
  projections made by third parties included in
  this Presentation are not adopted by the Company
  and the Company is not responsible for such third
  party statements and projections.
• The distribution of this document in certain
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