Reliance Infrastructure Limited – Q1 FY17 TOTAL INCOME OF ` 7,640 CRORE (US$ 1.1 BILLION)

Q1 FY17 TOTAL INCOME OF ` 7,640 CRORE (US$ 1.1 BILLION)

Q1 FY17 EBITDA OF ` 1,751 CRORE (US$ 259 MILLION) – UP 4%

Q1 FY17 NET PROFIT OF ` 489 CRORE (US$ 72 MILLION) – UP 19% (PRIOR TO DEFENCE BUSINESS LOSS OF ` 50 CRORE IN Q1FY17)

Q1 FY17 NET PROFIT OF ` 439 CRORE (US$ 65 MILLION) – UP 7% (AFTER DEFENCE BUSINESS LOSS OF ` 50 CRORE IN Q1FY17)

CONSOLIDATED NET WORTH OF ` 25,920 CRORE (US$ 3.8 BILLION) AND BOOK VALUE OF ` 986 (US$ 15) PER SHARE AT THE END OF Q1 FY17

KEY HIGHLIGHTS

ARBITRATION AWARDS WON FOR 2 ROAD PROJECTS WORTH ` 170 CRORE OVER ` 14,000 CRORE IS UNDER ADVANCED STAGE OF ARBITRATION

RINFRA COMPLETES 100% SALE OF ITS CEMENT SUBSIDIARY

TO BIRLA CORPORATION LIMITED FOR ` 4,800 CRORE

ASSET MONETISATION OF ROADS & MUMBAI POWER BUSINESS IN PROGRESS

TARGETING EPC OPPORTUNITIES WORTH ` 2 LAKH CRORE PLANNED BY

GOVERNMENT ACROSS INFRASTRUCTURE SECTOR

OVER 63,000 NEW CONSUMERS ADDED IN MUMBAI AND DELHI DISCOM IN Q1 FY17

RECOVERED ` 241 CRORE ARREARS IN MUMBAI DISTRIBUTION IN Q1 FY17

Mumbai, September 20, 2016: Reliance Infrastructure Limited (RInfra) today announced its un-audited financial results for the quarter ended June 30, 2016. The performance highlights are:

Consolidated results – Quarter ended June 30, 2016

Q1 FY17 Total Income of ` 7,640 crore (US$ 1.1 billion) against`7,644 crore in Q1 FY16

Q1 FY17 EBITDA of ` 1,751 crore (US$ 259 million) against`1,691 crore in Q1 FY16, anincrease of 4%

Q1 FY17 Net Profit of ` 439 crore (US$ 65 million) against ` 409 crore in Q1 FY16, an increaseof 7%, inspite of defence business loss of ` 50 crore in Q1 FY17

As on June 30, 2016, the consolidated Networth of the Company stood at ` 25,920 crore and is conservatively financed with debt to equity of 1.3x

POWER BUSINESS

Distribution: Largest private sector distributor of power serving 67.4 lakh consumers

Mumbai Distribution :

Recovered ` 241 crore arrears in Q1 FY17; Totally recovered ` 2,488 crore till date 16,800 new consumers added in Q1 FY17; Total consumers : 29.5 lakh

Discussion in advanced stage with PSP Investments of Canada for 49% stake sale in Mumbai power business

Delhi Distribution : 46,200 new consumers added in Q1 FY17; Total consumers : 37.9 lakh

Transmission : All projects are commissioned and revenue generating

EPC BUSINESS :

Order Book of ` 2,720 crore & earned revenue of ` 723 crore in Q1 FY17

Targeting opportunities worth ` 2 lakh crore planned by Government across power, roads, railways, defence, ports and mega infrastructure projects

Already submitted bids worth ` 15,000 crore in last 3 months

INFRASTRUCTURE BUSINESS

Roads :

Earned revenue of ` 259 crore in Q1 FY17, an increase of 27% YoY All 11 road projects of ~1,000 kms are now revenue generating

Discussion in advanced stage to monetise entire road portfolio

Mumbai Metro :

Earned revenue of ` 55 crore in Q1 FY17, an increase of 12% YoY Over 21 crore commuters travelled with 100% train availability

Awarded “Best Metro of the Year 2016” by Indian Merchants Chamber

Fare Fixation Committee recommended increased fare band ranging from ` 10 to ` 110

– Approached State Govt. to provide subsidy & other revenue streams to contain fare rise

CEMENT BUSINESS

RInfra completes 100% sale of its cement subsidiary to Birla Corporation Ltd for ` 4,800 crore Entire proceeds utilised for debt reduction

ARBITRATION AWARD

RInfra welcomes Cabinet Committee on Economic Affairs (CCEA) initiative to revive construction sector

Arbitration award won for 2 road projects i.e. NK Toll Road & DS Toll Road worth ` 170 crore Over ` 14,000 crore is under advanced stage of arbitration

DEFENCE MANUFACTURING BUSINESS

RInfra acquired management control of Reliance Defence & Engineering Ltd (RDEL)

erstwhile Pipavav Defence and Offshore Engineering Company Ltd – Executed Sub Concession Agreement valid upto 2046

Received 27 industrial licenses for missiles, ammunition, land & naval systems

Focus on Air Defence Systems including Missiles and Large Aerostats via joint venture with Rafael Advanced Systems Ltd (Israel) – Opportunity worth US$ 10 billion over next 10 years

Focus on aircraft manufacturing through partnership agreement with Antonov (Ukraine) for military & civil use – Opportunity worth US$ 5 billion over next 10 years

Looking at tapping large scale ammunition market globally & India – Opportunity worth US$ 10 billion over next 10 years

Corporate Comm India(CCI Newswire)