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Reliance Power Limited
Corporate Presentation
February 2013
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Confidential
Important Notice
This presentation, which has been prepared by Reliance Power Limited (the Company), has 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 of or be relied on in
connection with any contract or binding commitment whatsoever.
This presentation is strictly confidential and may not be copied, published, distributed or transmitted to any person, in whole or in part, by any
medium or in any form for any purpose. The information in this presentation is being provided by the Company and is subject to change without
notice. The Company relies on information obtained from sources believed to be reliable but does not guarantee its accuracy or completeness
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 areindividually 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 andexpansion,
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 achievemen ts 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 presentation in certain jurisdictions may be restricted by law and persons into whose possession this presentation comesshould inform themselves about and observe any such restrictions.
You acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company and that you
will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the business of the
Company.
This presentation speaks as of February 2013. Neither the delivery of this presentation nor any further discussions of the Company with any of the
recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since that date.
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DRAFT FOR DISCUSSION PURPOSES ONLY
Confidential
Contents Birds eye view of Rosa plant
Slide 3
1.Company Overview
2.Performance of Operating plants
3.Projects under implementation
4.Financial Performance
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Section 1
Company Overview
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DRAFT FOR DISCUSSION PURPOSES ONLY
Confidential
Reliance Power: A Snapshot
1,840 MW of operational
capacity
Over 20,000 MW under
implementation
Constructing Indias
largest gas-based power
plant of 2,400 MW
Won 3 of the 4 UMPPs
awarded by GoI
One of the largestcapacities of renewable
energy projects under
construction in India
Power Generation Resources
3 captive coal blocks in
India with aggregate coal
reserves of c. 2 bn tonnes
Coal production started atMoher Mines (Sasan) -
peak production 20
million tonnes per annum
3 coal concessions in
Indonesia with estimated
coal resources of c. 2 bn
tonnes
Planned peak coal
production of 95 million
tonnes
4 Coal Bed Methane
(CBM) blocksReliance Groups brand, experience and
position in the Indian Power Sector
Focus on environmentally friendly
technologies
Portfolio well diversified by fuel, fuel-source ,
geography and offtake
Largest coal reserves amongst private power
generation companies
Largest portfolio of power projects under
construction and development in the private
sector
One of Indias leading power developmentcompany
Slide 5
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DRAFT FOR DISCUSSION PURPOSES ONLY
Confidential
Generation portfolio is well diversified by fuel type, offtake and location
Reliance Power: Projects PortfolioPower Operation
Project No. Capacity (MW)
Coal based 1 1,800
Solar 1 40
PowerDevelopment
Project No Capacity (MW)
Hydroelectric 12 5,292
Coal based 1 ~5,000
Resources
Asset No Resources
Coal blocks-India 3 ~ 2 bn tonnes
Coal mine-Indonesia 3 ~2 bn tonnes
CBM blocks 4 193.92 BCM
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
# Operating Projects; ^ Projects Under Construction; * Projects Under Development
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
Power Implementation
Project No. Capacity (MW)
Coal based 5 15,840
Gas based 1 2,400
Solar 1 100
Wind 1 45
Slide 6
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Section 2
Performance of Operating plants
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1,200 MW ROSA: Operating Performance
8
Consistent growth in generation
1,1911,004 987
1,109
2,055
1,655
2,407
0
500
1,000
1,500
2,000
2,500
3,000
Q1 FY12 Q2 FY12 Q3 FY12 Q4 FY12 Q1 FY13 Q2 FY13 Q3 FY13
Units generated (MU)
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1,200 MW ROSA: Financial Performance
9
Continuous growth in generation and profits
529 474 441 514
988 923
1,312
0
500
1,000
1,500 Revenue
All figs in Rs crore
208163 163
218
346 360
456
0
200
400
600 EBITDA
11076 75 78
136 141
211
0
100
200
300
Q1 FY12 Q2 FY12 Q3 FY12 Q4 FY12 Q1 FY13 Q2 FY13 Q3 FY13
PAT
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40 MW Solar PV, Rajasthan
Continuous growth in generation and profits
10
12.913.8
15.2
8
12
16
Q1 FY13 Q2 FY13 Q3 FY13
Generation (million units)
3.6
6.7
12.3
0
4
8
12
16
Q1 FY13 Q2 FY13 Q3 FY13
PAT (Rs crore)
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Section 3Projects under implementation
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Progress of projects under construction
Butibori: 600 MW
Sasan UMPP: 3,960 MW
Renewables: 300 MW
Samalkot: 2,400 MW
12
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Progress of projects under construction
Butibori: 600 MW
Sasan UMPP: 3,960 MW
Renewables: 300 MW
Samalkot: 2,400 MW
13
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600 MW Butibori, Maharashtra: Highlights
14
Unit 1 synchronized on 25th June 2012
Unit 2 synchronized on 2nd January 2013
Exploring multiple avenues for power sale
Petition filed with MERC for sale to RInfra on cost plus
FSAs expected to be signed shortly
Petition filed with MERC for cost plus power sale
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Progress of projects under construction
Butibori: 600 MW
Sasan UMPP: 3,960 MW
Renewables: 300 MW
Samalkot: 2,400 MW
15
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3,960 MW Sasan UMPP, MP : First Unit Highlights
16
Boiler steam blowing completed
Generator stator erection and TG box-up completed oil flushing in progress
Powerhouse Building structure erection completed
400 kV switchyard connected to the national grid
765 kV switchyard energized
First unit to be synchronized in the next few days
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3,960 MW Sasan UMPP, MP : Other Highlights
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Boiler hydro-test completed for second unit
Boiler pressure parts erection commenced in all units
TG deck casting completed in 3 units
Shell concreting of both chimneys completed
All units on track to be commissioned ahead of schedule
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Sasan UMPP: Mine Highlights
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Large sized equipment commissioned and put to use
5 out of 6 nos. 42 m3 rope shovels in operation
28 out of 55 nos. 240 tonne Dumpers in operation
Mine Auxiliary Equipment (Cranes, Trucks) in Operation
13 out of 18 large size Dozers and 5 out of 9 Graders in operation
8 out of 16 Drills commissioned
Coal produced sufficient to start power plant operations
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Progress of projects under construction
Butibori: 600 MW
Sasan UMPP: 3,960 MW
Renewables: 300 MW
Samalkot: 2,400 MW
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2,400 MW Samalkot, AP: Highlights
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Four gas turbines ready for generation
Combined cycle commissioning to be based on gas availability
Evaluating multiple options for gas sourcing
Planning to set up FSRU in Kakinada in partnership with Shell
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Progress of projects under construction
Butibori: 600 MW
Sasan UMPP: 3,960 MW
Renewables: 300 MW
Samalkot: 2,400 MW
21
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100 MW Solar CSP, Rajasthan: Status Update
On track to be commissioned by May 2013
22
Entire land (340 hectare) under possessionLand
Signed with NVVN at a levelized tariff of Rs 11.97/unitPPA
Signed with R-Infra AREVA to provide Solar Field technology supply
EPC
Financial closure achieved with involvement of US Exim,ADB, FMO and othersFinancing
Construction at site in full swingConstruction
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Confidential Slide
45 MW Vashpet Wind, Maharashtra: Status Update
PPA signed with R-Infra, regulated tariff of Rs 5.67/unitPPA
Signed with Global Wind Power Limited (GWPL) & Global Wind
Infrastructure and Services Pvt Ltd ( GWISPL)EPC Contract
Foundation work: Completed (40 MW) , WIP (5 MW)
40 MW (16 WTGs) erected and trial run for 3 WTG in progressConstruction Activities
USD 25mn - ECB from Axis Bank
Balance through Rupee borrowingsFinancing
Entire capacity to be commissioned by March 2013
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Confidential Slide
Progress of projects under development
Chitrangi Power Project: 3,960 MW
Tilaiya UMPP & Coal Mines: 3,960 MW
Hydro Projects: 5,292 MW
Indonesian Coal
24
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Confidential
3,960 MW Chitrangi, MP: Highlights
To commence construction after forest clearance of Chhatrasal mines
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Entire govt. land under possession
Entire private land awarded, mutation and diversion completedLand
CWC clearance for water from Gopad receivedWater
Site leveling completed
Main plant civil work ready to commenceConstruction
Awaiting Stage II forest clearance for ChhatrasalCoal
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Confidential
3,960 MW Tilaiya UMPP, Jharkhand: Highlights
Progress being made on all aspects of project development
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Private land (186 acres): Ownership Transferred Forest land (1220 acres): Stage II Forest Clearance received. Final handover
expected shortly
Govt. land (167 acres): Final approval expected shortly
Land
R&R survey complete , R&R plan submitted to district administrationR&R
Medical camps, Hand pump installation, Blanket distribution taken up
NGOs identified and SHGs being formed for livelihood generationCSR
Escrow Assessment study completed; ESIA/ESMP to meet IFC PerformanceStandards prepared
Letter of Intent submitted to US EXIM for project financing; discussion withother overseas & domestic banks in progress
Financing
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Confidential
Tilaiya Coal Mines, Jharkhand: Highlights
Progress made on land acquisition and mine planning
27
Application for Section 4 notification under approval at State revenue dept. Forest Diversion proposal under approval at State Forest DepartmentLand
Socio-economic survey completed
LA proposal for 988 acres of land for R&R colony with State Revenue Dept. forissuance of Section 4
R&R
EIA/EMP submitted to MoEF; public hearing conducted in May 2012
Stage-I Forest Clearance being processed for recommendation by State Govt.EC & FC
Mining lease application with State Mining Dept. for prior approval to GoI
NIT issued for major equipments; Discussions with OEMs in progressCoal Mining
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Confidential
5,292 MW Hydro Portfolio
Uttarakhand
(400 MW)
Arunachal Pradesh
(4220 MW)
Himachal Pradesh
(672 MW)
Project LocationCapacity
(MW)
Tato II Arunachal Pradesh 700
Siyom Arunachal Pradesh 1,000
Kalai II Arunachal Pradesh 1,200
Urthing Sobla Uttarakhand 400
Emini Arunachal Pradesh 500
Amulin Arunachal Pradesh 420
Mihundon Arunachal Pradesh 400
Purthi Himachal Pradesh 300
Teling Himachal Pradesh 94
Shangling Himachal Pradesh 44
Sumte Kothang Himachal Pradesh 130
Lara Sumta Himachal Pradesh 104
5,292
Development activities in progress for each project
28
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Confidential
700 MW Tato-II, Arunachal Pradesh: Status Update
Project at advanced stage of development
29
Award for entire project land (786 acres) pronounced by State Govt. R&R Plan submitted to GoAP for approval & implementationLand
Techno-economic clearance obtained from CEA
Techno-Economic
Clearance
Environmental clearance and Consent to establish obtainedEnvironmental
Clearance
PPA signed with Delhi Discoms for 60% power. Regulatory approval in process
PPA signed with Mumbai Discoms for 40% power. Regulatory approval inprocess
Power Sale
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Confidential
Indonesian Coal: Highlights
51,000 m of drilling completed in all 3 concessions
JORC Resources and Reserves certified by Marston, USA
All major clearances obtained
Detailed mine plan for commencement of mining prepared
Coal production to start in 2013
30
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Section 4Financial Performance
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DRAFT FOR DISCUSSION PURPOSES ONLYConfidential
Robust Financial PerformanceTotal Income (Rs crore)Total Income (Rs crore) EBITDA (Rs crore)EBITDA (Rs crore)
PAT (Rs crore)PAT (Rs crore)PBT (Rs crore)PBT (Rs crore)
42
1,049
1,958
3,677
801
869
809
342
0
1,000
2,000
3,000
4,000
5,000
FY10 FY11 FY12 9 mth FY1317
416
753
1,312
700
676
618
278
0
500
1,000
1,500
2,000
FY10 FY11 FY12 9 mth FY13
5164
423
717
698608
529
247
0
200
400
600
800
1,000
1,200
FY10 FY11 FY12 9 mth FY13 4132
339
592
680628
528153
0
200
400
600
800
1,000
FY10 FY11 FY12 9 mth FY13
Continuous increase in contribution from generating assets
Contribution from generating assets
Others
Slide 32
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Thank You