CESC

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CESC Limited
November 2007
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Overview of CESC

• 110 year old fully Integrated Energy Utility
• Coal Mining - Generation - Distribution
• Four coal fired stations - 975 MW
• 567 sq.km area, 2.2 mn consumers, 14000 ckt km
  TD network
• 88 energy requirement from own generation peak
  energy shortfall imported
• TD loss around 15 , Collection efficiency 99.5
• PLF 94 (Base Load Station) - 500 MW Budge Budge
  at 99.8 PLF
• Budge Budge plant received outstanding
  performance award from the Prime Minister
• Budge Budge First Thermal Power Plant in the
  world registered with UNFCCC for Carbon Credit
• Listed on London, Luxembourg, BSE, NSE CSE

Calcutta
F
F
F
F
F
Generating Stations
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Tariff Profitability
PAT (Rs. million)
Tariff (Rs./ unit)
Debt / Equity Ratio
EPS (Rs. / share)
5.44
2.11
1.42
1.06
0.75
FY03
FY04
FY05
FY06
FY07
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Current year Performance H1 Actuals
Operations
April-Sept

• Financials
• 
  April-Sept

Rs.Million
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Operations - Efficiency Trends
06/07 growth affected by Jute Industry
strike in Q4
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Growth Plans Kolkata Rs. 54 billion
Cost
Segment
Status

• EPC Contract awarded to BHEL
• Construction work started

• Rs. 11.75 billion funding tied up
• Completion by September09

250 MW 3rd unit at Budge Budge

• Project cost at Rs. 26 billion
• Target completion by 2011

• 70 land acquired
• Long Term fuel linkage obtained
• Hearing for environmental clearing concluded
  without any objection being raised
• Evacuation feasibility study completed by PGCIL
  on

600 MW Haldia Project (Phase I)

• Project planning complete
• Equipment procurement initiated
• Work to commence shortly

• Project cost at Rs. 4.5 billion
• Completion by March11

Additional interfaces to receive 700 MW peak
power Additional transmission capacity
Network reorganization Connectivity to
National grid

• Annual Planning done regularly and Regulatory
  approvals taken

• Expenditure for next 4 years at Rs. 12 billion

Rs. 3 bn expenditure on routine distribution
capex for new connections, replacement and
reliability of supply
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Growth Plans - National Footprint Projects
Generation Pursuing 3000 MW generation capacity
via merchant market/competitive bidding route
Coal Mining Exploring opportunities abroad
Captive consumption/separate business
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Vision for CESC
Power Business
Real estate portfolio
Retail

• Stable top line
• High Capital intensity
• Capped returns 14 on Equity Incentive
• Organic growth Linked to YoY investment
• Limited Competition

• Medium Capital intensity
• Rapid Capital appreciation potential
• Ready Project of Rs.5 billion

• Huge growth opportunity
• Explosive top line
• Low capital intensity
• Will become Competitive
• Scale is key to viability

Balanced Business Portfolio through multiple
revenue streams in high growth segments
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Real Estate
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Real Estate

• Being a 110 year old utility CESC has a huge
  unexplored land bank
• Utilizing idle company assets for additional
  income generation and Capital appreciation
• Floated 100 subsidiary CESC Properties Ltd to
  develop real estate projects.

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Spencer's Retail Ltd
your world of inspiration
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Spencers - Food Vertical Formats
Area in Sqft
Assortment Mix
Fruits Vegetables, Beverages, Staples, Ready
to eat, Processed Foods, Takeaways, Bakery,
Home Personal care, Fish, Meat, etc.,
3000 - 5000
Convenience store
Store Next Door With essential SKUs from above
1400 - 1800
Convenience store
Full offering of Dailys Home, Brown Goods,
Select Apparel
10000-18000
Convenience store
Full Offering of Supers Full range HWP
Apparel, White Goods, Electronics Electricals
30000-75000
Destination store
Specialty Verticals
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Spencers Retail Limited
Rs.Million
From April 2007, Spencers became subsidiary of
CESC Ltd
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Spencers Retail

• Pioneered organized retail in India
• Spencers Food Stores convenience, pure play
  grocery format
• Spencers Super Food Stores plus, Convenience
  store
• Spencers Hyper destination store
• Indias largest Super market chain, 2nd largest
  in Hyper Market segment.
• 286 Food Stores, 11 Hypermarkets 12
  Supermarkets fully operational in Oct 07
• Brand Strategy for Spencers Retail
• Customer focused, differentiated, Foods
  intensive retail company with cluster of
  destination and convenience stores
• Brand Strategy for Spencers Retail has been
  mapped with strong focus on Unique Brand
  Differentiators
• Gurgaon (Delhi) is the first of the New Age
  Spencers store

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Spencer's Retail - Vision

• To be a customer focussed, differentiated, Foods
  intensive Retail Company with clusters of
  destination and convenience stores (Hyper,
  Supers, Dailies Express)
• To reinforce Foods intensive positioning
  through chain of Cafés and strong private label
  programme
•  
• 3. To set up Retail chains in focussed
  Verticals like Music, Books, Mobility Solutions,
  Apparel, Footwear, Luxury Brands and Life Style
  Brands where domain knowledge exists or is
  acquired through partnerships
• 4. To achieve Pan India presence with 2000
  Stores through current verticals by 2009 5000
  stores by 2011

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Spencers Stores
Note Trading Area is the Sales Area in the
store. Retail space i.e. contracted area, would
be about 30 higher
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Safe Harbor
Except for the historical information contained
herein, statements in this release which contain
words or phrases such as will, aim, will
likely result, would, believe, may,
expect, will continue, anticipate,
estimate, intend, plan, contemplate,
seek to, future, objective, goal,
strategy, philosophy, project, should,
will pursue and similar expressions or
variations of such expressions may constitute
"forward-looking statements". These
forward-looking statements involve a number of
risks, uncertainties and other factors that could
cause actual results to differ materially from
those suggested by the forward-looking
statements. These risks and uncertainties
include, but are not limited to our ability to
successfully implement our strategy, future
levels of non-performing loans, our growth and
expansion, the adequacy of our allowance for
credit losses, our provisioning policies,
technological changes, investment income, cash
flow projections, our exposure to market risks as
well as other risks. CESC Limited undertakes no
obligation to update forward-looking statements
to reflect events or circumstances after the date
thereof.
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T H A N K Y O U