#1PTC India PTC India Limited#2Genesis & Objectives PTC India PTC India Ltd. ("PTC"), was established in 1999 by Government of India through a Cabinet Decision as a Public-Private Initiative, with objectives of: . Mitigating Payment risks of Mega Projects: - by positioning a credible intermediary to absorb credit Risk. Initiate & develop a Power Market: - Offering a platform operating on principle of market forces, Demand & Supply • Promoting power trading to optimally utilize existing resources Attract investments in the power sector on the strength of multi-buyer model • Creating a Power Market in India and neighboring countries 21 September 2021 2#3PTC: Strategic Intent Vision To be a Frontrunner in developing a vibrant Power Market and striving to correct market distortions PTC India Mission Promote Power Trading to optimally utilize the existing resources Develop Power Market for market based investments into the Indian Power Sector Facilitate exchange of power with neighboring countries Core Values Transparency The Customer is always right Encouraging Individual initiative Continuous Learning Teamwork#4Others 27.90% PTC: Shareholding Promoters 16.20% PTC India Mutual Funds 13.40% NTPC India's Largest Thermal Power Generator POWERGRID India's Central Transmission Utility Promoters PFC Insurance Fls/Banks Flls 26.40% 1.80% Cos. 14.30% Power Sector Focused NHPC India's Largest Development Hydroelectric Financial power generator Institution Diversified Shareholding Professionally managed Board of the Company#5PTC: Board of Directors PTC India Whole Time Directors Nominee Directors 2 5 7 Independent Directors Mr. Deepak Amitabh Chairman and Managing Director Dr. Rajib K. Mishra Director (Marketing and Business Development) Mr. M K Narayan Mr. Jayant Gokhale Director (Jt. Sec., Ministry of Power) Mr. Rakesh Kacker Mr. V K Singh Director (Nominee of POWERGRID) Ms Sushma Nath Ms Renu Narang Director (Nominee of NTPC) Mrs. Preeti Saran Mr. D S Saksena Mr. V K Maini Director (Nominee of NHPC) Ms. Parminder Chopra Director (Nominee of PFC) Mr. Ramesh Narain Misra Mr. S S Mundra 5#6PTC proposition - "First” in Trading Market Electricity Trading concept introduced by PTC and was first to start trade in 2002. Amongst first to get trading license after EA -2003 Introduction of Short Term Market PTC India Tolling agreement with generator Co-Promoter of India's first electricity exchange (IEX) Long Term PPA to IPPS - [leading to ~40% of generation capacity owned by Private Sector] Long term PPA to Renewable Sector (Wind) Cross Border Trade (Nepal, Bhutan & Bangladesh) Bellwether in Power Market Development#7• • • • PTC: Milestones PTC India Creation of Subsidiaries - PFS & PEL • Coal Trading Business • Listing of PFS 1999 2006 Company got incorporated. Cross Border business Listing on bourses in 2004 • . • • · • 2012 · 80 Billion Units PAT of 410 Crores 2017 2021 Tolling as business started Adding Bangladesh as Client Hydro power from Bhutan - competitively PFS Crossed 10,000 Crores asset mark PEL commissioned 288 MW of Renewable capacity Renewable Trading of 1050 MW long Term 1900 MW thermal Medium Term Trading Operationalisation of ST renewable transaction 7#8Key Metrics - Financials Vol PTC India CAGR of 15% in last 6 years Dominant Market Leader 40%+ with over 40% market share Total traded power: 80 BUS (FY-21) 27 Supplying power to 27 States/UTS Cross Border Trading: 3 Trading power with Nepal, Bhutan & Bangladesh, Total Traded power-8.7 BUS (FY-21) 24 24 80 66 62 57 48 42 35 37 29 29 FY 12 FY 13 FY14 FY15 FY 16 FY 17 FY18 FY19 FY20 FY21 120 129 500+ Over 500 Industrial (Retail) Customers PAT in Crores 319 320 291 262 251 234 203 410 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 8#9Power Sector - Industry Structure Ministry of Power Central Regulator Generation Transmission State Gencos STUS Input kWh CPSUs PGCIL IPPS Licensees Captive State Govt. Distribution Discoms/ Private Licensee Consumption Agriculture/ Domestic/ Transformation, Transmission & Distribution Losses including unaccounted Energy Commercial/ Industries/ Others Open Access Captive Power Trading Companies State Regulators PTC India#10Power Procurement Avenues Particulars Agreement Duration Medium Term >1 year up to 5 years Open Access Duration >3 months up to 5 years Contribution to PTC Business 4% Long Term (excluding Hydro) Long Term (Hydro) >7 years up to 25 years >7 years 41% >7 years up to 35 years Short Term - Bilateral Up to 1 year Month wise 18% Day Ahead Market (1 day) 1day (corridor left after short term bilateral-advance Short Term - Power Exchange 21 September 2021 transactions) 37% Term Ahead Market (up to 7 days) Up to 7 days in advance PTC India 10#11• PTC: Capability Profile An Integrated Energy Service Company Power Trading Domestic OTC market; Short/Medium& Long-term trades (utilities) Retail (Open Access consumers) • Cross Border trade • • Investments Early stage support as Equity Investor / co- developer PTC India Financial Services Ltd. Renewable Energy • PTC Energy Limited -Wind Power Projects Trading of 1050 MW. Scheduling and despatch of Solar Power (750 MW-SECI) PTC India Advisory Services • Portfolio Management Services Energy efficiency implementation PTC India • Trading of Solar Power (MOU with SECI) Transmission Infrastructure based services * - Investment related business primarily through subsidiaries 11#12PTC: Largest Trader The Core Business of PTC is Electricity Trading & Portfolio Mgmt. Identify Demand i.e. Distribution PTC India Business Model Enter into Power Purchase Utilities or Retail Enter into Power Sale Agreement (PPA) Agreements with Generator (PSA) ☐ ◉ Identify Generator / Supplier Schedule and dispatch power to Buyer Market Making across Demand - Supply mismatches and tenors Key Features We are a pure play electricity trader with a balanced business portfolio Earnings are an aggregate of spreads (margin) between the sale and purchase price of electricity PPAs & PSAs are arranged back-to- back for minimal risk Late payments attract a penalty & early payments a rebate - Both contractually specified Un-bundle and manage concentration risk both at the supply and demand side No unaddressed default in our 18 year operating history We take limited credit risk & do not use leverage or mark to market#13PTC India Financial Services Ltd (PFSL) Systemically Important Non Deposit Taking NBFC Classified as Infrastructure Finance Company (IFC) by RBI in 2010 Current fund based debt portfolio of 10,752 cr as of 31st Mar 2021. Portfolio composition ■ Thermal " Hydro ■ Renewable ■ Others PTC India Diversified portfolio in the Energy Business Spread and NIM is maintained around 2.71% respectively and 3.47% O/s Portfolio in * Crores 10751 11005 FY-21 FY20 13#14PTC Energy Ltd (PEL) Total Wind Assets of 288.8 MW as on 31st March'2019 Assets in 3 states: Madhya Pradesh, Karnataka and Andhra Pradesh Madhya Pradesh - 50 MW Karnataka - 50 MW Andhra Pradesh 188.8 MW PTC India 14#15New Business Models & Way Ahead Distribution Network Management: Successfully took over the Operations & Maintenance work of Electrical distribution network at MPAKVN- SEZ (Indore), JNPT, DDUPT Transmission PTC India Connectivity: Providing Bouquet of Services including (Feasibility Studies, Survey & Cost Estimation, Engineering, Bid Process Management) to Refineries Power Portfolio Management: Providing round the clock services at DNH, REMCL, NDMC, Discoms for power procurement planning, optimization & capacity building Energy Audit: Conducted Energy Audits at SEEPZ SEZ, EESL Programs (Agriculture Feeders and Railway Stations), Industries and Commercial Establishments Targeting to cater entire 'Energy Value Chain' 15#16New Business Models & Way Ahead PTC India Back-End Operations: Providing round the clock commercial support for and operational functions for power procurement (OA group captive) to Refineries, GAIL, and SECI Exchange Platform: In association with ICICI Bank and Bombay stock exchange, PTC has filed petition to obtain license for running and electronic exchange operating platform. Renewable Energy: Exploring opportunities for development of RE Projects with several OA consumers Selected as trader for sale and purchase of 1000MW wind power Targeting to cater entire 'Energy Value Chain' 16#17PTC: A Responsible Corporate Citizen PTC India As a Responsible Corporate, PTC has always contributed towards the welfare of the Society Creation of PTC Foundation Trust to carry out CSR initiatives for PTC Group Major thrust areas: ■ Sanitation/cleanliness Skill development & Women's Empowerment Environmental sustainability CSR Initiatives: ◉ Ongoing "Sanitation Work "at Bhikaji Cama Place Partner in women's "Journey in Transformation" to empower individual, family and society through education, health and enablement. "Skill Development" project Initiative gives employment of more than 100 across all scheme. Solar instatadors and net metering supered by PTC Foundation a' 17#1821 September 2021 Thank You! Visit us at www.ptcindia.com PTC India 18