June 2012 Agenda
Section 1 Jaypee Group Overview Section 2 Comppyany Overview Section 3 Yamuna Expressway Progress Section 4 Real Estate Development
Section 5 Financial Overview Section 6 Key Highlights
2 Section 1 Jaypee Group Overview
3 Jaypee Group at a Glance
Jaypee Group is a leading integrated infrastructure conglomerate in India with exposure to the power generation, cement, construction and real estate sectors
JAL has participated in Largest Private Hydropower projects that have added Group
8840 MW to the national z 1700 MW operational
grid between 2002 and 2009 z 3920 MW under various stages of development Power Generation Engineering & Thermal Power Construction z 2x250 MW at Bina
z 2x660 MW at Nigrie with captive coal
z 3x660 MW Bara Project
z 2x660 MW Karchana Project
3rd Largest 165 km Yamuna Cement Group Expressway with 33.3MTPA 3 MTPA (No ida t o A gra ) capacity operational & 35.9 MTPA by FY 2013 Cement Real Estate Development Real Estate & z Yamuna expressway: Expressways 530 Mn. Sq feet expected to be 33.3 MTPA capacity in operation developed
4 Corporate Structure
Jaiprakash Associates Limited (JAL) E&C Cement – 31.6 MTPA Real Estate & Hospitality Listed company
BOO Power Cement Infrastructure
67. 9% Jaiprakash Power Ventures Ltd (JPVL) Jaypee Infratech Limited # Cement JVs 300 MW Baspa – II HEP (JIL) 400 MW Vishnuprayag HEP # (()4.3 MTPA) 165 Km long expressway 1,000 MW Karcham Wangtoo HEP # 83.1% with 530 mn sq ft Real 1,320 MW Nigrie TPP (UI)* Coal Mining Estate Development (Yamuna Expressway) 1200 MW Bina TPP (500 MW UI)* (Cement) Mandla (()N) -JAL Prayagraj Power Generation Co. Ltd (1) Mandla (S) – JV of Himalayan Expressway 100% 3,300 MW Bara TPP - 1980 MW (UI*) JAL & MPSMCL 100% Limited (NHAI BOOT Project) Sangam Power Generation Co. Ltd. (1) 100% Coal Mining(Power) 1, 980 MW Karc hana TPP JVs of JAL & Jaypee Sports Int’l MPSMCL Jaypee Arunachal Power Ltd. 90.5% Limited. (For Nigrie Thermal) 89% 2,700 MW Lower Siang HEP (Formula-1) 500 MW Hirong HEP
Jaypee Meghalaya Power Ltd Jaypee Fertilizer s & Industries 74% 450 MW Kynshi – II HEP 100% Limited (JFIL) 270 MW Umngot - I HEP (Fertilizer Plant at Kanpur)
Jaypee Powergrid Limited 74% * UI - Under Implementation 214 KM Long Transmission System (1) JAL has the right to subscribe up to 26% equity in this project. # In Operation
Market Cap. (30 Apr’12) – JAL INR 158.74 Bn (USD 3.17Bn); JPVL INR 105.91 Bn (USD 2.11 Bn) ); JIL INR 64.17 Bn (USD 1.28Bn) 5 Demonstrated Execution Cappyability
JAL is the leader in the construction of multi-purpose river valley and hydropower projects and has been involved in construction of major engineering projects over the last 4 decades Baghalihar I ** Karcham Wangtoo Proud To Participate In 450MW 1000 MW Dulhasti Nathpa Jhakri Largest Concrete 390 MW 1,500 MW Dam In India –Sardar Vishnuprayag* Baspa-II* 400 MW Teesta Sarovar 510 MW 300 MW Tehri Chamera II** 1,000 MW Largest Rockfill Dam 300 MW BHUTAN In India –Tehri
Largest Underground Sardar Sarovar 1,450 MW Powerhouse In India– nathpa-jhakri Omkareshwar** 520 MW Tala Second Largest B A Y O F 1,020 MW Indira Sagar B E N G A L 1,000 MW Surface Powerhouse In India –Indira-sagar
*BOO projects Projects completed between 2002- **EPC contracts 2009
JAL has participated in projects that have added 9840 MW to the national grid between 2002 and 2011 6 Section 2 Company Overview
7 Jaypee Infratech – Unique Balance of Toll & Real Estate
Unique Infrastructure company with balance of Toll & Real Estate revenues
Jaiprakash Associates Ltd. 83.1%
Jaypee Infratech Limited
Real Estate Development Expressway along Yamuna Expressway#
Development of Noida (NCR) – 1,235 Acres* Expressway On BOOT Basis (165 km Yamuna Expressway) Jaganpur (NCR) – 1, 235 Acres
Mirzapur (NCR) – 1,235 Acres
Tappal – 1,235 Acres
Listed companies Agra – 1, 235 Acres
* JIL has sold/ sub-leased 349 acres of the Noida land and plans to develop the remaining 885 acres 8 # As of Mar 31, 2012, JIL had signed lease deeds and taken possession of approximately 6,043 acres (98.0%) for Real Estate Development Largest Expressway Under Construction in India nearing completion
165 km long 6 Lane Access Controlled Expressway connecting Noida to Agra
z Estimated total cost*: Rs. 13,300 Crs.
z Rights to concessionaire for toll collection of 36 years AGRA Ribbon development of 25 Million Sq mts of land along the Expressway 5 z 90 year lease spread over 5 or more locations SADABAD DISTRICT DISTRICT MATHURA AGRA DISTRICT Mahamaya Nagar PROPOSED MATHURA SPORTS SDZ (1000 Ha.) INTERNATIONAL DISTRICT ALIGARH AIRPORT GAUTAM BUDH NAGAR
GREATER NOIDA
3 CHHATA TAHSIL 4 LEGEND : 2 HARYANA NOIDA • GREATER NOIDA TO AGRA – YAMUNA EXPRESSWAY
1 NOIDA TO GREATER NOIDA EXPRESSWAY -COMPLETED
LAND FOR DEVELOPMENT AT 5 LOCATIONS METRO up to Noida City Centre operational TOTALLING 6175 ACRES ** # METRO extension proposed upto planned Airport in JEWAR PROPOSED METRO UPTO JEWAR Expec te ddT To O pen F or T raffi c B y 2012 As Aga ins ttS Sc he du le ddCOD COD ofA f Apr 2013
* Total cost includes cost of land acquired for development and excludes the cost of real estate development 9 ** JIL has sold/ sub-leased 349 acres of the Noida land and plans to develop the remaining 885 acres # As of Mar 31, 2012 JIL had signed lease deeds and taken possession of approximately 6,043 crs (98.0%) for Real Estate Development Amongst the Largest Land Banks in Nat. Capital Region
PROPOSED JAYPEE GREENS JAYPEE GREENS MIRZAPUR PROPOSED INTERNATIONAL SDZ G.NOIDA (182 Ha) NIGHT - DIST. GAUTAM BUDH AIRPORT (2314 Ha) SAFARI NAGAR
(500 Ha) m m km 2 km 0 km m km km km k k 5 k 5 3 115 km 5 Ch Ch Ch 40 Ch 45 Ch 20 Ch 15 Ch 30 Ch 25 ZERO POINT Ch 10 (0 KM) Ch 5km m M 4 6 km JAYPEE 2 Ch 35 k JAYPEE SPORTS INT’L JAYPEE GREENS GREENS - DIST. GAUTAM BUDH PROPOSED TAPPAL AGRA (500 Ha) (500 Ha) JAYPEE GREENS NAGAR METRO LINK JAGANPUR - DIST. (1000 Ha) GAUTAM BUDH NAGAR JAYPEE (500 Ha) E: 14 km E: 14 GREENS - 165 km 6 LANE YAMUNA C AMAN EXPRESSWAY PROPOSED EASTERN PERIPHERAL EXPRESSWAY NCR PROPOSED DISTAN M BOUNDARY A METRO LINK D
JAYPEE GREENS NOIDA
ATER NOI ATER LAND PARCEL ESSWAY E R (00H)(500 Ha) TOTAL 6175 530 Mn 1
EXP AREA Acres Sq Ft MAP NOT TO SCALE NOIDA-GR NCR 3705 311 Mn AREA Acres Sq Ft
Real Estate under development 10 Section 3 Yamuna Expressway Progress
11 Physical Progress on the Expressway (As on 31 Jan 2012)
Total Quantity
EarthWork 411 Lac Cum. 100% 0% (411 Lac Cum.)
Culverts 0.78 Lac Cum. 100% 0% (0.78 Lac Cum.)
Bridges 1.86 Lac Cum. 100% 0% (1.86 Lac Cum.)
Underpasses 2.60 Lac Cum. 100% 0% (2.60 Lac Cum.)
Interchanges 4.00 Lac Cum. 100% 0% (4.00. Lac Cum.)
PQC/DLC 22.63 Lac Cum. 100% 0% (22.63 Lac Cum.)
Complete UnderExecution
Work on toll Plazas and electronic traffic controls is currently under progress and is to be completed by 31st March 2012 12 Construction Highlights - A Few Benchmarks
Largest Quantity of Earthwork and Structures for any Road of Equiv. Length in India
Parameter Quantities Highlights
EQUIPMENTS Over 2000 nos. including UTILISATION AT 2000 nos Dumpers, Excavators, Compactors, Concreting Pumps, DG PEAK Sets, Compressors, Crushing and Batching Plants etc.
HANDLING OF FLY 27 lac Cum. Largest for any Expressway / Highway Project by taking care of ASH Environmental protection in Substantial manner
Equiv. to Kashmir – Kanyakumari 1 lane road of 1.5 m height. EARTHWORK 411 lac Cum. 250 lac Cum in 2009 - Largest in any road work for equiv. length anywhere in India
CONCRETING 25 lac Cum. Equivalent to Kashmir – Kanyakumari Single lane road of 1.5 m PAVEMENT hihtbheight above ground .
Averaggge length between 2 structures 450 m is also hig h wrt any STRUCTURES 380 Nos. equivalent road.
13 Scale of Works: Yamuna Expressway vs. Mumbai-Pune Expway and Delhi Intl. Airport (T3) Delhi Intl. Mumbai - Pune Yamuna Particulars Airport (T3) Expressway Expressway India’s 1st 6 lane Access India’s Longest 6 lane India’s Largest 1) Description Controlled Concrete Access Controlled Intl. Airport Expressway Concrete Expressway 2) Total Length NA 95 Km 165 Km
3) Land Required 2023 hectares 640 hectares 4100 hectares
3) Earth Work 1.1 Mn. Cum. 7.84 Mn. Cum. 40.6 Mn. Cum.
4) Cement 0.45 Mn. MT 0.72 Mn. MT 1.25 Mn. MT
5) Steel 1, 00, 000 MT 28, 200 MT 155000MT1,55,000 MT Start : May-2008 6) Construction Start : Jan-1998 37 Months Finish : Mar-2002 Finish : Dec 2011 Period (52 months) (44 months) 7) Project Cost Rs 10,200 Crs Rs 1,600 Crs Rs. 13,300 Crs
Much Larger Scale of Works of Yamuna Expressway when compared with notable infrastructure projects of India 14 Construction Package -1 (0 - 55 km)
EXPRESSWAY COMPLETED AT KM 2+000
15 Construction Package -2 (55 - 110 km)
16 Construction Package -3 (110 - 165 km)
17 Projjpect Expenditure & Funding
Project Expenditure All figures i n R s. C rs Description Total Incurred till Mar 2012
Project Cost 13, 300 12, 534**
Funding All figures in Rs. Crs Description Total Incurred till Mar 2012
Equity from Promoters and Others 1,250 1,250
IPO proceeds 1,500 1000 Accruals from real estate development incl. 3,550 3,685 advances & sales of land Debt 7,000 6,000
Total 13, 300 12, 534**
18 # IPO of Jaypee Infratech Ltd. successfully completed in May 2010. Total proceeds raised by Jaypee Infratech Ltd.– Rs. 1,650 Crs; ** Includes Rs 599 Cr of outstanding liabilities Section 4 Real Estate Development
19 Land Acquisition completed for all 5 land parcels
Saleable Land Leased Remaining Land Locations Area Area (Mn as at Mar as of Mar 2012 (Acres) Sq Ft) 2012 (Acres) (Acres)
1. Noida 1,235 78 1,232* 3 Located In NCR District Gautam 2. Budh Nagar 1,235 116 1,212 23 (parcel 2) District Gautam 3. Budh Nagar 1,235 116 1,159 76 (l3)(parcel3)
4. District Aligarh 1,235 116 1225 10
5. District Agra 1,235 103 1215 20
TOTAL 6,175 530 6043 132
Out of Total 530 Mn Sq Ft developable area, 311 Mn Sq Ft is in NCR alone
* Includes 341.56 acres that was sold as undeveloped land and 8.20 acres that was sub-leased. 20 Yamuna Exppyressway: Hub of Noida Real Estate Activity
JAYPEE SPORTS INT’L - PROPOSED YAMUNA DIST. GAUTAM BUDH NCR JAYPEE GREENS INTERNATIONAL EXPRESSWAY NAGAR BOUNDARY G.NOIDA (182 Ha) AAIRPORTIRPORT (2314(2314 Ha)Ha) (1000 Ha) PROPOSED NIGHT SAFARI SDZ ZERO POINT km km m m m m m m km 2 k k k k k k (0 KM) 0 m 3 Ch 5
Ch 5 115 km Ch 20 Ch 25 Ch 5k Ch 10 Ch 15 Ch 30 Ch 45 Ch 40 Ch 15 km 4 5 m
TRANSPORT HUB M k 6km 2 Ch 35
IDA Established Destination for IT/ ITES & Commercial 14 km O 500 acre GB University, F1, Night Safari and SDZs in area Metro Connectivity upto Greater Noida and Jewar by 2013 PROPOSED METRO LINK RESSWAY
REATER N PROPOSED EASTERN PERIPHERAL EXPRESSWAY ISTANCE: ISTANCE: P G D EX
M NOIDA- Noida’s Preferred Commercial, Residential & Institutional Destination JAYPEE GREENS NOIDA IT /SOff/ ITESOffices include DELL, NIIT, HC L, METLIFE, HEWITT etc LAND PARCEL Hub of Educat. Instn. from Primary to PG level (AMITY university etc) (500 Ha) All New Residential Dev. located in vicinity of expressway 1 Noida Land Parcel: onlyyg Integrated Develo pment in the area with the largest Residential, Commercial and Institutional dev.
MAP NOT TO SCALE 21 Infrastructure Initiatives in the Regggion driving Demand
Distance from Jaypee Greens Development Location NOIDA In KM (Appx.) Noida – Greater Yamuna Expressway 15 NiNearing Noida Completion Noida – Greater Planned Ganga Expressway 21 Noida First Race Formula 1 Greater Noida 30 in 2011 Jaypee Gr een ssC Ch am pi on shi ppGo Golf GtNidGreater Noida 17 OtilOperational Course (5 Star Resort & Six Senses Spa) Proposed International Airport Jewar 51 Noida – Greater Planned Metro Rail Link 8 Noida – Jewar Planned Boraki Railway Station and Noida – Greater 28 Transport Hub Noida Planned Night Safari Greater Noida 25
Proposed Amusement Park Greater Noida 18 22 Jaypee Greens , Noida: Preferred real estate destination of Noida
First land parcel of the Yamuna Expressway: 1,235 Acres of Contiguous Land Development z Approx. 18 km from South Delhi and 20 kms from Central Delhi
Green Area of nearly 70% covering 903 acres approx. RidilResidential Integrated City - “Opportunity to Live, Learn and Leisure within 5 minutes proximity” Commercial z Residential - 61 Mn sq ft Institutional z Commercial - 10 Mn Sq ft z Institutional - 7 Mn Sq ft
Road network of over 20 kms, 126 MVA of captive power generation, 30,000 klpd capacity sewage treatment plants 23 61 Mn Sq ft of Residential Development – Strong Sales Momentum
PARTICULARS (As on 31st Mar 2012) LAUNCHED (Mn Sq Ft) SOLD (Mn(MnSq Ft) Aman –I Apartments 3.24 3.24 Aman – II Apartments 1.27 1.27 Klassic Apartments 5.53 5.00 Kosmos Apartments 8.50 8.04 Kensington Park Apartments 2.86 2.72 Kensington Boulevard Apartments 2.87 2.72 Kingswood Oriental 0.19 0.17 Kasa Isles Apartments 2.35 2.25 Kube Apartments 1.51 1.32 Krescent Homes 4.32 3.20 Orchard 2.72 1.72 Anant 1.88 0.37 Pebble Beach 0.30 0.26 Garden Isle 4.85 1.75 Sports City: Built Up 1.12 0.70 Residential Plots 6.04 5.37 Commercial Plots 3.13 3.13 TOTAL 52.68 43.23 24 Kasa Isles & Kensington Boulevard – Recent Launches
KASA ISLES No. of Units Area KENSINGTON BLVD No. of Units Area Launched 1894 2.3 Mn Sq Ft Launched 1926 2.8 Mn Sq Ft Sold 1855 2.2 Mn Sq ft. Sold 1867 2.7 Mn Sq ft. Average Rate Rs 3,410 per sq ft Average Rate Rs 3,297 per sq ft 15 towers 21 towers Number of Towers Number of Towers (Ground + 27 floors) (Ground + 19-29 floors) May 2013 May 2013 Deliv ery Delivery (3 yrs from launch) (3 yrs from launch)
25 KUBE & Krescent Homes – Recent Launches
KUBE No. of Units Area Krescent Homes No. of Units Area Launched 840 1.5 Mn Sq Ft Launched 2568 4.3 Mn Sq Ft Sold 774 1.3 Mn Sq ft. Sold 2034 3.2 Mn Sq ft. Average Rate Rs 3,823 per sq ft Average Rate Rs 4,309 per sq ft 8 towers 15 towers Number of Towers Number of Towers (Ground + 31 floors) (Ground + 27 floors) September 2013 September 2014 DliDelivery Delivery (3 yrs from launch) (3.5 yrs from launch) 26 Orchard & Garden Isles – Recent Launches
Orchard No. of Units Area Garden Isles No. of Units Area Launched 1226 2.7 Mn Sq Ft Launched 3087 4.8 Mn Sq Ft Sold 770 171.7 Mn Sq ft. SldSold 1148 171.7 Mn SftSq ft. Average Rate Rs 4,829 per sq ft Average Rate Rs 4,141 per sq ft 8towers8 towers 26 towers Number of Towers Number of Towers (Ground + 31 floors) (Ground + 32-38 floors) September 2014 April 2015 Delivery Delivery (3.5 yrs from launch) (3.5 yrs from launch) 27 JUIT - Noida, Engineering College Operational since 2009 Jaypee Public School b y 2011
Around 40 schools & colleges planned Pre-Nursery to Post Graduation courses Accessible within 5 minutes from residential communities
First Engineering College already operational
28 Suppper Specialty Medical & Research Centre
Complete Health Care solutions
450 bed super specialty hospital
Well –equipped with the best of medical equipments
29 Commercial - approx. 10 mn sq ft of Develop ment Planned
Walk to work concept Pure commercial belt fronting the Noida – Greater Noida Expressway Usage for office space, shopping malls, hotels, restaurants, etc. Integrated retail & recreation areas
30 Recreation - Multiple Facilities Planned
Jaypee Greens Wish Town offers multiple recreational facilities such as: z 18-hole & 9-hole golf course z Multiple & dedicated social clubs z Sports facilities & kids play areas z Thematic parks z Town Centre with facilities like cultural galleries, restaurants & café’s, etc. 31 REAL ESTATE PERFORMANCE
Average Average Net Gross Sales Advances No. of Area Sold PERIOD Gross Rate Rate Value Received Units Sold (Mn S)Sq Ft) (Rs / Sq Ft) (Rs / Sq Ft) ( Rs MnMn)) (Rs MnMn))
2008-09 700 0.95 3,644 3,328 3,280 630 (Dec. ’08 – Mar’ 09)
2009-10 13,205 20.35 2,937 2,858 59,916 16,699 (Apr. ’09 – Mar’ 10)
2010-11 7,906 12.38 3,668 3,308 45,420 31,455 (Apr. ’10 – Mar’ 11)
2011-12 5,701 9.54 4,111 4,081 39,221 29,378 (Apr’ 11- March ’12)
TOTAL 27,512 43.22 3,421 3,267 14,78,37 78,162
32 Section 5 Financial Overview Profit & Loss Account
All figures in Rs. Mn For the For the For the For the Year Year Year %Growth% Growth YEddYear Ended For Q4 For Q4 Particulars Ended Ended Ended over FY March 31, March 31, March March 20092009--1010 FY ’11 FY ’12 2012 2009 31, 2010 31, 2011
Revenues 5,563 6,529 27,787 31,559 120% 9,027 9,205
Expenditure 2, 387 493 9, 840 15, 715 465% 4, 158 49994,999
EBITDA 3,176 6,035 18,134 16,492 65% 4,972 4,357
Depreciation 140 162 86 16 -69% 39 41
Profit /(()Loss) 3, 036 58745,874 18, 146 15, 974 65% 4, 902 42174,217 before Tax
Tax 369 999 3,796 3,077 76% 981 724
Net Profit/(Loss) 2,667 4,875 14,351 12,897 63% 3,921 3,493 after tax
EPS 2762.76 4334.33 10. 48 9299.29 46% 2822.82 2522.52
34 Section 6 Key Highlights Jaypee Infratech Limited – USPs
Amongst India’s first Six Lane (expandable to Eight lanes) Access Controlled Expressway with Concrete Pavement connecting NCR to Agra.
z AiAgra is amongs tthe top d esti nati ons f or t ouri st s ithin the coun try
z Expected Reduction in travel time between New Delhi and Agra from present 4 hrs to 2 hrs
z India has the 3rd highest growth in number of vehicles in the world in the first 3 quarters of FY 2009-10
Expected Ribbon Development along the expressway by Yamuna Expressway Authority z Special Development Zones for IT, Industries, Biotechnology, Service Sectors & Commercial z Five integrated townships with total real estate development of 530 mn sq ft of which 311mnsqftis311 mn sq ft is in NCR.
Unique Infrastructure Company enjoying 80 I(A) tax benefit with two revenue streams - toll income and real estate revenues.
Real Estate Demand 2009-13 – NCR is expected to have 2nd highest Real Estate Demand in this period z NCR – 1.02 mn units for residential and 24.9 mn sq ft for office space* z Mumbai – 1.64 mn units for residential and 23.7 mn sq ft for office space* * Source : Cushman & Wakefield India Real Estate Investment Report 2009
Jaypee Infratech has successfull y sold 43.22 mn sq ft in 40 months (Dec 08 – Mar 12)
Developing integrated townships (a city in itself) Offering a bouquet of products catering to high-mid segment z Walk to work concept with world class institutional, recreational & commercial facilities within walking distance of residential options. 36 Keyygg Highlights
Ability to leverage Jaypee’s Group’s well documented technical, project management & execution skills
Strength of Brand Jaypee
Integrated development with real estate projects being developed alongside an expressway
Strong Regional Growth Prospects
Large & mostly contiguous land reserves among 3 parcels in the NCR with significant land use flexibility
Single state location of the entire Yamuna Expressway
Strong & experienced management team, well-trained workforce and streamlined operating processes
37 Section THANK YOU