Lanco Infratech

Investor Presentation
Disclaimer

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Company's general business plans and strategy, its future financial condition and growth prospects and future developments in its
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Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual
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2
Agenda

1 Company Overview
2 P
Power B
Business
i
3 Construction and EPC Business
4 IInfrastructure
f t t Business
B i
5 Property Development Business
6 Financials
7 Experienced Management Team

3
Agenda

1 Company Overview
2 P
Power B
Business
i
3 Construction and EPC Business
4 IInfrastructure
f t t Business
B i
5 Property Development Business
6 Financials
7 Experienced Management Team

4
Lanco Infratech – A Leading Integrated Infrastructure Player

Division of Lanco Infratech

Special Purpose Vehicles

Construction & EPC Power Infrastructure Property Development

• Executed projects worth US$1.3bn • Capacity under operation c. 2,082 • Developing c. 163 km of National • 4mm sq ft under development in
over last 3 years (FY07 - FY09) MW Highways in Karnataka Hyderabad, India
• Order book of US$ 5.47 bn • Capacity under construction c. • Bidding for constructing and • Developing Lanco Hills, mixed
7,229 MW operating Airports, Metro Rail used space of high rise residential
• One of the largest player in power Transport Systems and structures
structures, IT SEZ office
trading business renovation, modernization & space, shopping malls and hotels
operation of roads, ports and
redevelopment projects

Note:
1 This presentation assumes an exchange rate of US$ / INR =47
2 Financial year ending March 31
3 mm indicates million 6
Pan India Presence
Coal Based
Plants under operation

Plants under construction

Vamshi - I Lanco Green

Hydro
Vamshi - II
Plants under operation Vamshi Industrial
Lanco Uttaranchal
Plants under construction Teesta
Gurgaon
Gas
Plants under operation
Anpara
Plants under construction
Plants under development Amarkantak – I
Amarkantak II
Wind
Amarkantak – III & IV
Plants under operation Vidarbha Babandh

Property development Lanco Hills

Hyderabad
Road development Kondapalli II
Chitradurga
g Kondapalli III
Coal mine K d
Kondapalli
lli - I

Registered office Udupi

Corporate Office
81 km Bangalore – Hoskote – Mudbagal
82 km Neelamangla – Devihalli Tamil Nadu Wind

Aban power

7
 Strong Push to Drive Infrastructure Growth
Government is targeting investment of >US$400 billion during 2007-2012
Infrastructure spending (2007-2012) Demand / supply gap for power

160 1,000 12%

157
Total - US$437bn
120 774
800
739 9%
(US$bn)

632 666 689

591 691
80 79 548 625
68 65 55 579
600

(bn kwh)
40 51 6%
19
9 6 5 400
0
m

n
n
s

rts

as
s
er

3%

ts
ge

io

tio

ag
ay
co

or
w

Po

G
at

200
i ta
ri d

or
lw
Po

le

rp
ig
Te

St
ai

an
B

Ai
Irr
R
d

/s
an

er
ds

at
W
oa

- 0%
R

FY05 FY06 FY07 FY08 FY09

Central Govt. State Govt. Private sector Requirement Availability Deficit
Source: Planning commission (XIth five year plan) Source: Central Electricity Authority (“CEA”)

Per capita consumption of electricity Commentary

20 18.4 • Current government is putting lot of emphasis on infrastructure

spending and growth
(Thousand kwh//year)

14.2
15
• Positive regulatory reforms remain a key driver of growth
10 7.4
6.4 • Power is likely to be the fastest growth sector in the foreseeable
5
2.3
future in Infrastructure
1.7 1.2
0.6
-
Canada US Germany Russia Brazil China India Developing
countries
Source: UNDP, Human Development Indicators, 2007/08

In the XIth five year plan (2007-2012), the Government targets to add 78,700 MW of generating capacity
8
Agenda

1 Company Overview
2 P
Power B
Business
i
3 Construction and EPC Business
4 IInfrastructure
f t t Business
B i
5 Property Development Business
6 Financials
7 Experienced Management Team

9
Power Deficit Scenario
Planned Vs. Installed Capacity – Xth Plan (MW) Per Capita Consumption Growth (Units)

30,000 2012 1,000

2006 631
2004 582
5 951
5,951
20,000 2001 408
(MW)

6,676 1990 238

1,170
58% growth
1,231 1980 131
in XIth Plan
4,481
10,000 700 3,553 1970 84

2,691 12,790 1960 35

8,742 7,330 1,300 1,180 1950 18
4 495
4,495 N off U
No. Units
it
0
Hydro Hydro Thermal Thermal Nuclear Nuclear
(Planned) (Installed) (Planned) (Installed) (Planned) (Installed)
Central sector State sector Private sector
Source: CEA Source: CEA

Projected 2012 peak Energy Deficit Power Deficit (2009)

Peak Deficit States Energy Deficit
(24.3)% GJ (9.8)%
20.0 16.0
15.8 15.0 (23.7)% MH (21.4)%
15.0
10.0 (22.1)% UP (20.9)%
3.5 3.7 2.7
5.0 1.6 ((15.9)%
) PN ((10.6)%
)
0.0
(13.0)% KL (11.8)%
(0.7)
(5.0)
(4.4) (5.8) (5.0) (4.5) (10.0)% MP (17.2)%
(10.0)
(9.7) (9.3) (10.4)
(15.0) (7.6)% AP (6.8)%
North India West India South India East India North-East (6.2)% TN (7.9)%
India
(4.8)% KN (6.0)%

(3.6)% WB (3.2)%
Winter Peak Monsoon Peak Summer Peak
(3.2)% RJ (1.1)%

(2.0)% CH (2.6)%

(0.9)% OR (1.5)%
10
Source: Ministry of Power Source: CEA
Presence Across Value Chain De-risking the Business
Integrated presence across value chain capturing value addition across the businesses

Construction and Transmission and

Fuel (Coal mining) Generation and O&M Trading
EPC Distribution

• Captive coal mine • Completed projects with • Operating projects with • Largest private sector • Strategy includes
allocated by Govt. of capacity of 2,087 MW capacity of 2,082 MW player in Indian power possible expansion
India to Lanco and five and 7,153 MW projects and 7,229 MW trading market into transmission and
others under construction projects under distribution
• Traded 4,269mm units
implementation
• Coal to be used for • Strong engineering in year ended
portion of needs of the
p capability
p y and resources • Generation activities March 31, 2010
Orissa based 1,320 spanning feasibility include conventional
• Holding 5% stake in
MW Babandh studies, front-end design and non-conventional
the Indian Energy
power plant and complete detail sources of energy like
Exchange floated by
design with over coal, gas, hydro
Financial Technologies
10 years of experience in and wind
Ltd and Power Trading
design and development
Corporation
of Power Projects
• Handles global suppliers
selection and sourcing of
diverse materials like
high-pressure fabricated
equipment, skids, electri
cal and instrumentation
systems

11
Mature Power Projects Provide Visibility into Earnings
Lanco is expected to increase its power generation capacity significantly in the near furture
Projected capacity addition

FY14
• Babandh
• Amarkantak III & IV
• Vidarbha
FY13
• Uttaranchal
FY12 • Teesta
FY11 • Kondapalli III
• Udupi II 9,311 MW
• Vamshi Industrial
Current
• Green
• Kondapalli I & II 5,351 MW
• Anpara
• Udupi I
• Amakrantak I & II
4,699 MW
• Aban
• Chitradurga
• Tamil Nadu Wind
• Vamshi
V hi Hydro
H d
• Vamshi Industrial 3,957 MW

2,082 MW

12
Project Status Update
Projects under operation
Plant Fuel Capacity (MW) Total cost
(US$mm)
Fuel Diversification
Udupi I Coal 600 9233,5 Coal
74%
Kondapalli I Gas 368 241

K d
Kondapalli
lli II G
Gas 366 2531

Amarkantak I Coal 300 275

Amarkantak II Coal 300 285

Aban Gas 120 93

Chitradurga Wind 3 3 Others

0% Gas
Tamil Nadu Wind Wind 10 10 Hydro
8% 18%
V
Vamshi
hi H
Hydro
d H d
Hydro 10 12

Vamshi Industrial – Unit I Hydro 5 125

Total 2,082 2,107

Projects under Construction

Plant Fuel Financial Capacity Budgeted PPA Estimated Current status
closure
l (MW) cost (US$mm) (Years) completion
status
Vamshi Industrial - Unit II Hydro Y 5 125 35 Q2 FY11 HRT excavation under progress

Udupi II Imported Coal Y 600 9233,5 25 Q2 FY11 Steam blowing completed

Lanco Green Hydro Y 70 89 35 Q2 FY11 HRT excavation completed

Anpara Coal Y 1,2004 7293 29 Q4 FY11 Hydro test completed

Lanco Uttaranchal I & II Hydro Y2 152 221 Merchant FY13 Dam / HRT / Power House under progress

Kondapalli - III Gas N 742 556 Part PPA Q4 FY 12 GT piling work completed

Teesta Hydro Y 500 638 35 Q4 FY13 River diversion completed

Amarkantak III & IV Coal N 1,320 1,466 Part PPA FY14 Boiler foundation started

Vidarbha Coal N 1,320 1,489 Part PPA FY 14 EPC Contract awarded & Equipment ordered
Babandh Coal (Partly Owned) N 1,320 1,489 Part PPA FY14 EPC Contract awarded & Equipment ordered

TOTAL   7,229 7,612

N t
Note:
1 Project cost is for 366 MW (combined cycle)
2 For 76 MW Financial Closure is done
3 Project cost may go up due to augmentation of capacity
4 100 MW is available for Third party sale
5. Project cost is for full project.

13
Agenda

1 Company Overview
2 P
Power B
Business
i
3 Construction and EPC Business
4 IInfrastructure
f t t Business
B i
5 Property Development Business
6 Financials
7 Experienced Management Team

14
 In-house EPC Reduces Execution Risk/ Enhances Margins
In-house EPC enables Lanco to complete projects on an accelerated basis
Revenue contribution1 (FY10)
Others
0% Order Book as on 31st March 2010

Projects USD Mn
Power Projects
Power
38%
Amarkantak – I & II 7
Amarkantak – III & IV 1,155
Teesta VI – Sikkim 358
Anpara 257
Construction &
EPC Udupi 122
62% Kondapalli (Phase II) 11
Kondapalli (Phase III) 429
Vidh bh
Vidharbha 1 208
1,208
EBITDA Margin Babandh 1,188
14.8 14.7 Others 101
14.6 Total Power Projects 4,837
14.4 Building Projects 366
% Margin

14.2 Road Projects 67

14.0 13.9 Irrigation Projects 110
13.8 Transmission Line Projects 84
13.6 Chimneys 7
13 4
13.4 Total Order Book 5,471
FY 09 FY 10

Note:
15
1Before elimination of inter segment revenues
Agenda

1 Company Overview
2 P
Power B
Business
i
3 Construction and EPC Business
4 IInfrastructure
f t t Business
B i
5 Property Development Business
6 Financials
7 Experienced Management Team

16
Leveraging Construction Expertise to Build Infrastructure Business
Lanco has moved into selective infrastructure projects to leverage its EPC experience

• Awarded two National highway projects in Karnataka

– c. 81 km stretch connecting Bangalore – Hoskote – Mudbagal

– c. 82 km stretch connecting Neelamangla – Devihalli

• Concession periods of 20 years and 25 years respectively during

which toll will be collected

• Constr ction under

Construction nder progress and e
expected
pected to be completed b
by FY11

17
Agenda

1 Company Overview
2 P
Power B
Business
i
3 Construction and EPC Business
4 IInfrastructure
f t t Business
B i
5 Property Development Business
6 Financials
7 Experienced Management Team

18
Property Development - An Opportunistic Play
Lanco Hills is the group’s foray into property development, located in Hyderabad, spread over 100 acres and
comprises residential space, office space, IT SEZ, shopping mall and two hotels

Lanco Hills

• Construction in progress on 6 residential towers

Residential
• Construction in progress with possession of apartments to commence shortly

• Offi complex
Office l with ith built-up
b ilt area off 0.5
0 5 mm sq ft
Office space • Constructing office space with completion target of 2010
• Constructing SEZ space with completion target of 2012

• Plans to build a 2.5mm sq ft of a shopping mall

Shopping mall
• Construction will be in phases

Hotels • Tied up with Grand Hyatt for a 400 room, 5 star deluxe hotel

19
Agenda

1 Company Overview
2 P
Power B
Business
i
3 Construction and EPC Business
4 IInfrastructure
f t t Business
B i
5 Property Development Business
6 Financials
7 Experienced Management Team

20
Steady Growth
Revenue (before inter-group elimination) EBITDA
2,500 350 325
2,012
2,000 300
1,478 250
US$mn

1,500 189

US$mn
200
149
1,000 735 150

500 342 100

47
50
-
-
FY 07 FY 08 FY 09 FY 10
FY 07 FY 08 FY 09 FY 10

PAT (before inter-group elimination) Cash Profit

160 250
50
134 208
140
200
120
100 87 150
US$mn
US$mn

81
110
80 98
100
60 40 54
40 50
20
- -
FY 07 FY 08 FY 09 FY 10 FY 07 FY 08 FY 09 FY 10

FY10 PAT Numbers

N b are after
ft accounting
ti ffor the
th accelerated
l t d C hP
Cash Profit:
fit PAT b
before
f iinter
t group profit
fit elimination
li i ti + Depreciation
D i ti
depreciation under WDV method adopted for new plants viz
Amarkantak and Kondapalli - II

21
Agenda

1 Company Overview
2 P
Power B
Business
i
3 Construction and EPC Business
4 IInfrastructure
f t t Business
B i
5 Property Development Business
6 Financials
7 Experienced Management Team

22
Experienced Management Team
LANCO Board

G. Venkatesh P. Kotaiah Dr. U.K. Kohli

G. Bhaskara Rao Babu
Director Director
Executive Vice Chairman Managing Director

L Sridhar P. Abraham B. Vasanthan P. Narasimharamulu

L Madhusudhan Rao
L.
Vice Chairman Director Director Director
Executive Chairman

Lanco
a co G
Group
oup Se
Senior
o Management
a age e t Team
ea

Finance Power Construction & EPC Solar

„ J.Suresh Kumar „ A. A Khan „ S. C. Manocha „ V. Saibaba

„ T. Adi Babu „ P. Panduranga Rao „ S. M. Roy
„ T. N. Subramaniyan
y „ K. Raja Gopal
„ K. Naga Prasad Property Development CSR
„ S. K. Mittal
„ S. Pochendar „ Sharat
Thank You

24