IndiabullsGroup

Indiabulls Group p
TotalGroupNetworth Rs.16,844Cr. l h TotalGroupPATforFY1011 Rs.994Cr. TotalGroupCapitalExpenditure Rs.6,200Cr.(US$1.4bn.)capex in FY10 11.Plannedcapex ofRs.29,000(US$6.5bn.)byFY2014 15. FY 1011 Planned capex of Rs 29 000 (US $ 6 5 bn ) by FY 201415 FocusonExecutionandongroundresultstranslatingintoprofits. F i ForitsongoingprojectsIndiabulls G i j I di b ll Groupconsumers385MTofSteel, 385 MT f S l 550MTofCement&1,700CUMofRMCondailybasis. CreatingValueforShareholders DividendpayoutofRs.323Cr.inFY1011. Creatin Val e for Shareholders Di id d t f R 323 C i FY10 11

JourneyofIndiabulls Group y p
IndiabullsPower
announceddemerger fromRealEstate

Indiabulls Power Indiabulls RealEstate

demergedfrom Financial Services started d

Indiabulls
startedasa securities brokerage company

Indiabulls Financial Services

startedasa lending business

Indiabulls RealEstate
started

2000

2004

2005

2006

2007

2010

Independentcompanieswithindependentmanagementteams Allcompanieswerespinoffsfromtheexistingcompany,withallbenefitsflowingtoexistingshareholders All companies were spin offs from the existing company, with all benefits flowing to existing shareholders
3

Indiabulls GroupCompanies p p
IndiabullsGroup

IndiabullsFinancialServices (IBFSL) Financebusiness

Leadingnonbankingfinance company Pan Indianetworkwith300,000 customers

IndiabullsReal Estate (IBREL) Nationaldeveloperwith Focusonkeyregionsof Mumbai,NCR(Delhi)and M b i NCR (D lhi) d Chennai

64millionsqf currentlyunder Development

IndiabullsPower (IBPOW) Developing5400MWof PowerPlants

TotalcapexofUS$6.1billioninnext 4years Fullfinancialclosureachieved

TotalGroupNetworth :Rs.16,844Crore (US$3.8billion) p , ( $ )

SeparateListedCompanies(ThereisnoGroupHoldingCompany) p p ( p g p y)
4
*Networth ason31,March2011

StrategyandFocus gy
Consolidation aimtobeamongtop3playersinexistingbusinesses withinnext3years Nonewproducts focusongainingsizeandscaleinexistingcoreareas Nocapitalmarketfundraising allbusinessesarewellfundedto achievegrowthandsize Goal FY2013/14 targetofUS$1.5billionincashgenerationfromthe 3companies(Finance,RealEstateandPower)

IndiabullsFinancialServices(IBFSL)

LeadingFinanceCompany g p y
AssetComposition Asset Composition
7% 1% 21%
Thecompanyenjoysa longtermratingofAA+ Focusonlongterm,low riskhomeloanbusiness Mortgagescomprise Mortgages comprise 71%ofthetotalasset book

71% Mortgages CommercialVehicles CorporateLoans BusinessLoanstoSME

TotalAssetsUnderManagement:Rs.23,792Crore(US$4.8billion)

AssetsGrowth
AUMandNetNPAMovement
23,792 19,825 17,069 15,189 15 189 20,788

NII (Rs. Cr.) NII*(Rs.Cr.)

3.00% 500
415 431 430 441 379

20,000

400 300

10,000
0.63% 0.53% 0 53% 0.38% 0.37% 0.32%

200 100 0.00% 0 Q21011 Q31011 Q41011

NII (Rs Cr)

0 Q21011 Q31011 Q41011 Q11112

Net NPA

Q21112

Q11112

Q21112

AUM (Rs Cr)

*NII=InterestIncome+FeeIncomelessInterest&FeesExpense

Assets have grown at a quarterly average of Rs. 2,000 Cr over the course of the last 8 quarters with stead y dec eas g o e o steadily decreasing Non Performing Assets (NPAs) g ssets ( s) Longduration mortgage loans have contributed to steady asset growth and increase in Net Interest Income

HomeLoans:StreamlinedLoanFulfillment

The branches are set up around the credit decisioning process and are designed as Master Service Centre, Service Centre and Walkin Branches Walk in The credit hierarchy is experienced and welltrained with clearly delineated roles, responsibilities and authorities Dedicated and experienced inhouse technical evaluation teams and legal teams work closely with the credit team Cases are appraised through parallel multi level checks which appraise the customer property developer multilevel customer, property, (if any), registration and legal documentation

ImprovingLiabilityProfile p g y
Q2FY1112 Q2 FY 11 12
20% 26%

Q2FY1011 Q2 FY 10 11

13% 67% 21%

53%

Bank

CP

Bonds

Bank

CP

Bonds

During the quarter the company issued bonds of 10 year duration The company continues to maintain the levels of shortterm money at 13% of total borrowings, well e co pa y co t ues a ta t e e e s o s o t te o ey 3% o tota bo o gs, e within its target limit of 15% Amongstitslenders,thecompanynowcounts60strongrelationships:22PSUbanks,14Privateand Foreignbanksand24otherMutualFunds,ProvidentFunds,PensionFundsandInsuranceCompanies o e g ba s a d ot e utua u ds, o de t u ds, e s o u ds a d su a ce Co pa es

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IndiabullsRealEstate(IBREL)

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QualityandontimeDelivery y y
DeliveryandExecutionTrackRecord Deliveredarecord3.3millionSFdevelopedspacevaluedat$1.75billion (within4yearsofinception).Fastestandlargestdeliveryinvaluetermsbyany (within 4 years of inception) Fastest and largest delivery in value terms by any Indianrealestatedeveloperinthesametimeperiod. FocusonSuperMetros 90%+portfolioisinMumbai,Delhi(NCR)andChennaimarkets. Focusoncleartitleprojects $900millioninlandsboughtthroughgovernmentauctions. $ 900 million in lands bought through government auctions FocusonExecution q p p With64.32millionsqft areaunderdevelopment;capexof$1.5billionovernext 2years(withallfinancinginplace) FocusonResults Cumulative$5billioninprojectedGrossSalesby201415. C l ti $ 5 billi i j t dG S l b 2014 15

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FocusonSuperMetros p

NCR (Delhi)
$1bn

Jaipur Jodhpur Ahmedabad Baroda a oda Indore Agra A Kanpur

Recentlyacquiredlandin Recently acquired land in governmentauctionin Mumbaifor$450million

Morethan90%ofourprojects(by value)areinsupermetrocities MumbaiMetroRegion,National CapitalRegion(Delhi)andChennai

Vishakapatnam Vi h k

Mumbai Region R i $7.5bn

Hyderabad

Chennai $510mn Madurai

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FocusonDelivery y
AreaUnderDevelopment(tobedevelopedin5years)
Area (million sf) Area Under Development Area Under Construction Residential Commercial Total

55.18
14.56 14 56

9.14
2.93 2 93

64.32
17.48 17 48

Additional Development Potential

Area ( i A A in Acres) ) Land Area Residential R id ti l 532.97 Commercial C i l 43.18 SEZ 2,551 Total T t l 3127.15

Breakupof64.32msft AreaUnderDevelopment(AUD) 5.5msft intheAUDunderSuperPremiumCategory(ExpectedAverageSalesPriceofRs.25,000persft.) 31.1msft inAUDunderthePremiumCategory(ExpectedAverageSalesPriceofRs.5,000persft.) 27.72msft inAUDundertheMidIncomeCategory(ExpectedAverageSalesPriceofRs.2,500persft.)

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BusinessHighlights g g
FY 09-10 Area Sold Sales Value Revenues Profit After Tax FY 10-11

3msft Rs.1,405Cr. Rs. 1,405 Cr. Rs.129Cr.

Rs. 6.75 Cr.

6msft Rs.4,873Cr. Rs. 4,873 Cr. Rs.1,432Cr.

Rs. 177 Cr.

Focusonexecutionandtimelydeliveryofprojectshashelpedrecognizerevenuesfromprevioussales translatingintorobustprofits. SoundFinancialHealth AssignedA+ratingforlongtermdebtandPR1+(highestpossible)foritsshort termfacilities. Revenuepipeline soldover5.94millionsq.ft.havingsalesvalueofRs.4,837Crore inFY1011. Revenue pipeline sold over 5 94 million sq ft having sales value of Rs 4 837 Crore in FY 1011 Recurrentcashflows Leasedover1.6millionsq.ft. LowNetGearing 0.17x,DebtnotexpectedtoincreaseinFY1112.
15

IBRELDeliveredProjects j

IndiabullsFinanceCenter

OneIndiabullsCenter

OneIndiabullsCenter WinnerBestCommercialPropertyAwardbyCNBC q g y g y MarqueeTenants MorganStanley,Bloomberg,Bain,MarshMclennan,Deloitte,Reliance, AdityaBirla FinancialServices,NDTV,YesBank. US$120millioninannualizedrentsonfulloccupancy

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Innovation
PathBreaking90/10Finance g / SchemeforResidentialLaunch
Innovative90/10financescheme buyerpays10% y p y downpaymentonbookingandnopaymentstill timeofpossession IBRELgets80%frombanksduringconstructionand IBREL gets 80% from banks during construction and paysinteresttobanks Customerpaysanother10%atthetimeof possession Removedentireexecutionriskforbuyers IBRELconfidentonexecution Recordsalesof$670millionin30days Fundamentallychangedrealestatesector

17

Bespokeultraluxuryresidences p y
Alreadyprelaunchedasuper premiumresidentialprojectinheart ofMumbai of Mumbai
Land(11acres)acquiredingovernmentauctionfor $450millioninAugust2010 Architecturalplansreadyandalreadysubmittedfor approvals PrelaunchdoneinOct2010,within2monthsof purchase TestimonytoIBRELsstrongexecutionskills Assetchurningandcapitaldeploymentmodel

18

IndiabullsPower(IBPOW)

19

IndiabullsPower(IBPOW)FocusonDeliveryandExecution Indiabulls Power (IBPOW) Focus on Delivery and Execution

Plan
Developing5,400MWacrossIndia. Developing 5 400 MW across India Financialclosureachievedforentire5,400MW.

Execution
US$6.1billioncapexovernext4yearsfor5,400MW.PhaseI(2,700MW) construction infullswing(~4,000workersonsite)

ForbothPhases(entire5,400MW)
Land,WaterandCoalclearancesinplace

NoExternalRisk/NoQualityRisk
Asworkgiventoreputedcontractors/suppliers.IndiabullsPowerislargestprivatesector clientofBHEL

Results
Annualrunrate20billionunitsofelectricitygenerationtobeachievedbyMarch13and40 billionunitsofannualrunratetobeachievedbyMarch14

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Execution
Execution constructionisinfullswingwith~4,000peopleworkingonthesites. Suppliers Workgiventoreputedsuppliersandcontractors Suppliers Work given to reputed suppliers and contractors Vendor/ServiceProvider
1 2 3 4 5 6 7 8 9 BHEL Shapoorji Pallonji Shapoorji Pallonji GannonDunkerley k l GammonIndiaLimited Paharpur CoolingTowers L&T Areva ABB

Scope/Work
BoilerTurbineGenerator(BTG) Boiler Turbine Generator (BTG) BTG Civil BTG Structural BalanceofPlant Civil l f l l Chimney CoolingTower CoalHandlingPlant PowerTransformer 400KVSwitchyard

Delivery FirstunittobecommissionedinMay2012 y p g y g Tariffs 1200MWalreadytieduponalongterm25yearPowerPurchaseAgreementwithMaharashtra StateutilityatRs3.26/unit.Another950MWfromNashik plantapprovedbyMSEDCLatRs.3.42/unit. Cashflows AssumingRs1/unitmargin(differencebetweensalespriceandcostofgeneration),cash generationfromaverageof25billionunitsproducedinFY1314wouldbeUS$600millionbyMarch2014.

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AmravatiPowerPlant 2700MW
Construction work in full swing..

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AmravatiPowerPlant 2700MW

23

AmravatiPowerPlant 2700MW

24

Nashik PowerPlant 2700MW

Construction work in full swing..

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Nashik PowerPlant 2700MW

Construction work in full swing..

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ThankYou

27