Our Investment Proposal Your company logo Company Background
Our Investment Proposal
Your company logo Company Background Company Profile • We are a 100% government owned NBFC with 100% investments in clean energy. Disbursements, Historical and Expected Growth (Ex -FX) 75% 63% • We were conferred with the status of Mini Ratna Company– Category 1 in June 2015 50% • Top and Bottom line CAGR for the last four years was 23% and 15% respectively 25% 41% 29% 30% 26% 16% 22% 21% 6% 0% • IREDA was awarded for its Outstanding Performance by MNRE in the implementation of Green Energy Commitments for financing of Renewable Energy Projects • Our Capital to Risk Asset Ration (20%, for FY 16) has been at a comfortable level FY 14 FY 15 Disbursements Yo. Y growth 30 • IREDA’s activities are akin to the activities undertaken by Green Banks • IREDA is diversifying its business by setting up a solar plant of 50 MW, with expectation of further capacity expansion. 2014 - 2021 CAGR Historic CRAR Trend 25 24 24 % • IREDA’s standalone credit rating for a recent bond issue was AA+ FY 16 FY 17 E FY 18 E FY 19 E FY 20 E FY 21 E 18 23 20 15 15 FY 13 FY 14 FY 15 FY 16 12 6 Capital to Risk Asset Ratio Limit set by RBI
We enjoy the confidence of worlds largest and best financial institutions On-Going LOC ~ USD 950 million Availed LOC ~ USD 941 million
Future Disbursements to grow @ 28% CAGR 2500 2, 164 2000 2016 – 2021 CAGR: 28% 1, 791 USD million 1, 463 1500 1, 164 1000 896 636 500 0 FY 16 FY 17 E Solar Wind FY 18 E Biomass & Cogeneration FY 19 E Hydro EE&C FY 20 E FY 21 E Short Term / Bridge Loans • Cumulative disbursements for the projected period will be around USD 7. 5 billion (Solar sector will receive 47% of the total disbursements, Wind will receive 23%) • We plan to issue bonds worth USD 3013 million during the next five years.
Funds Needed for the next 5 years Remaining: USD 4, 485 m Equity Issue: public issue worth USD 210 m Internal Accruals , Net repayments and FC loans to cover for the rest. Total Funds: USD 7, 500 m Bonds: USD 3, 015 m Mix of INR/USD Sr. No. Bonds Issued (USD m) Status Year Use of Funds 1 300 In progress FY 17 Fund Capex of 50 MW solar plant, finance RE projects 2 373 Planned FY 18 Finance RE projects 3 522 Planned FY 19 Finance RE projects 4 896 Planned FY 20 Finance RE projects 5 925 Planned FY 21 Finance RE projects Note USD 100 m offshore listing, INR 1, 330 cr (USD 200 m) domestic listing
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