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Srei Infrastructure Finance Limited
The Prospectus is available on the Company’s website at www.srei.com, on the website of the BSE Limited at bseindia.com and the respective websites of theLead Managers at icicisecurities.com, www.akcapindia.com, trustgroup.co.in and www.srei.com. Investors proposing to participate in the Issue should invest onlyon the basis of information contained in the Prospectus.#The Issue shall remain open for subscription during banking hours for the period indicated above, except that the Issue may close on such earlier date orextended date as may be decided by the Board/ Committee of Directors, as the case maybe, subject to necessary approvals. In the event of an early closure orextension of the Issue, our Company shall ensure that notice of the same is provided to the prospective investors through advertisements in a leading nationaldaily newspaper on or before such earlier or extended date of Issue closure
Issue Opens On: April 04, 2013 Issue Closes On: April 25, 2013#
Public Issue of Secured Redeemable Non Convertible Debentures
Disclaimer
• This presentation is in relation to the Public Issue by Srei Infrastructure Finance Limited (the “Company” or the “Issuer”) of secured redeemable non-
convertible debentures of face value of Rs 1,000/- each (the “Debentures” or the “NCDs”), for an amount up to Rs 750 million (the “Base Issue”) with
an option to retain over subscription upto Rs 750 million aggregating to Rs 1,500 million (“Overall Issue Size”) and should not be construed in any
manner as promotion of the Company or any of its products. This presentation does not constitute an offer or invitation to subscribe to or purchase of
any securities of the Company and nothing contained herein shall form the basis of any contract or commitment whatsoever. This presentation is
being communicated only to persons who have professional experience in matters relating to investments and to persons to whom it may be lawful to
communicate it (all such persons being referred to as “Relevant Persons”). This presentation is directed only at the Relevant Persons and any
investment or investment activity to which the presentation relates is only available to the Relevant Persons or will be engaged in only with Relevant
Persons. This presentation is being furnished to you solely for your information and shall not be reproduced or redistributed by you to any other person
without prior consent of the Lead Managers. Investors and prospective investors in securities of the Company mentioned herein are required to make
their own independent investigation and appraisal of the business and financial condition of the Company and the nature of the securities in order to
form their own informed decisions. Certain statements contained in this presentation may be statements of future expectations and other forward-
looking statements that are based on third party sources and involve known and unknown risks and uncertainties. Forward-looking statements
contained in this presentation regarding past trends or activities should not be taken as a representation that such trends or activities will continue in
the future. There is no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or
otherwise. You should not place undue reliance on forward-looking statements, which speak only as of the date of this presentation. The contents of
this presentation are subject to changes without prior notice. This document is just a presentation and is neither a "Prospectus" (as defined under the
Companies Act, 1956) nor intended to be so. Any decision to purchase securities in the context of a proposed offering of securities, if any, should be
made solely on the basis of information contained in a prospectus published in relation to such an offering. No representation or warranty is given as
to the accuracy or completeness of the information contained herein. By participating in this presentation or by accepting any copy of the slides
presented, you agree to be bound by the foregoing limitations. For risk factor and detailed information, please refer to the Draft Prospectus dated
February 28, 2013 ("Draft Prospectus") and Prospectus dated March 22, 2013 ("Prospectus") (collectively, the “Issue Documents”) filed with the
Registrar of Companies (ROC), Kolkata, West Bengal. The Prospectus and the Application Form are available for download on the website of BSE
Limited at www.bseindia.com and the websites of the Lead Managers at: www.icicisecurities.com, www.akcapindia.com, www.trustgroup.co.in and
www.srei.com.
• All investors proposing to participate should invest on the basis of information contained in the Prospectus.
Srei Infrastructure Finance Limited – The Issuer
Srei Infrastructure Finance Limited–Financial Performance
1
2
Contents
Issue Structure
Investment Consideration
3
4
Introduction of Srei
Srei Infrastructure Finance Limited has been the
pioneer in infrastructure financing in India, steadily
contributing towards infrastructural development in
order to make a better tomorrow. Srei has a pan-India
presence with a network of 198 offices. Srei has also
replicated its business model overseas with two offices
in Russia. Srei's competitive edge and the ability to
provide all possible infrastructure related services
under one umbrella makes it the most preferred
partner for most infrastructure players in India.
Leading NBFC in India with 23
years of experience in
infrastructure sector
Diversified business verticals
across all sector of infrastructure
space.
Notified “Infrastructure Finance
Company”
Accorded “Public Finance
Institution” status
More than 30,000 customers base
and ` 33,580 Crore of Asset Under
Management as on Dec 31, 2012
Consolidated PAT is ` 194 Crore
for nine month ended Dec 31,2012
and Capital Adequacy of 20.17%
as on March 31, 2012
To be an Indian multinational company
providing innovative integrated
infrastructure solutions
Mission
Vision
To be the most inspiring global holistic
infrastructure institution
Vision and Mission Statement
5
2009
2010
2008
2005
1997
1992
1989
1985
Strategic partnership with TATA Group for Passive Telecom Infrastructure business
Synergic integration of Srei and Quippo to create a fully integrated Holistic
Infrastructure Institution
JV with BNP Paribas Lease Group for equipment financing business
GDRs listed on London Stock Exchange
International Development Institutions – IFC, DEG & FMO invested as strategic equity partners
Undertakes Initial Public Offering of equity shares and currently listed on all major stock exchanges BSE, NSE and
CSE
Started operations and identified infrastructure sector as the core business
Incorporation
Accorded “Infrastructure Finance Company” status by RBI and “Public
Finance Institution” status by MCA2011
Evolution of Srei
Board of Directors
7
Salil K Gupta
Chief mentor
Former Chairman,
West Bengal
Development Corp
Former President:
Institute of Charted
Accountants of
India
Hemant Kanoria
CMD
Presently Chairman
of National
Committee on
Infrastructure, FICCI
President of Calcutta
Chamber of
Commerce
Over 32 years of
experience
Sunil Kanoria
Vice Chairman
Presently the Vice
President of
ASSOCHAM
Former president
of Merchants’
Chamber of
Commerce
Chartered
Accountant with 24
years of
experience
Saud Ibne Siddiqui
JMD
Principal Investment
officer and East Asia
head, IFC (World
Bank, Washington)
Over 28 years of
experience in
international sector
Board of Directors
8
S Rajgopal
Independent
Director
Former CMD,
Bank of India
Former
Chairman, Indian
Bank
Over 39 years of
experience in
banking
parlance
S Chatterjee
Independent
Director
Former
executive
director, UTI
Bank, Mumbai
Over 45 years of
experience in
Commercial and
international
banking
Satish Jha
Independent
Director
Chief
Economist and
Advisor,
Asian
Development
Bank
Former Member
of advisory
council to
Prime Minister
Special task
force
S K Deb
Independent
Director
A Chartered
Accountant
with over 41
years of
experience in
Assurance and
Business
Advisory
Exp. in Due
Diligence
Review
Dr M Czurda
Independent
Director
Has been
Chairman of
Amsterdam
Trade Bank,
23 years of
experience of
international
banking in
leading banks
of Europe.
Fund Based
Business
Project Financing - The project finance segment of our Company provides customized financing to infrastructure
projects and their sponsor companies.
Infrastructure Equipment Finance - Srei BNP Paribas a 50:50 JV between Srei Infra and BNP Paribas Lease Group
has emerged as one of the major equipment financiers in India by specializing in the infrastructure and
construction equipment. Some of the equipment and machineries that Srei BNP Paribas finances include
excavators, compactors, dozers, cranes, heavy dumpers, compressors, surface miners, motor graders, backhoe
loaders, tool carriers, road building equipment, mechanical and sensor pavers, etc.
Infrastructure Project Development - The Infrastructure Project Development (IPD) vertical at Srei sponsors PPP
Business in Road sector in our country with a present portfolio of close to 5,400 lane km.
International Business Operations – The Company has leasing operations in Russia
Fee Based
Business
Project Advisory – The division of our Company has, through successful implementation of a number of projects,
gained professional strength in all major areas of Infrastructure. It provide services in conceptualization of
projects, in preparing feasibility reports, detailed project reports and in financial structuring, particularly of
different PPP models.
Investment Banking - Srei Capital Markets Limited is one of the merchant bankers in India which provides a wide
gamut of services from IPOs, Delisting, Buy-Back, Open Offers, NCD / Bond Placement to private placements of
Equity, Debt Syndication and M&A Advisory.
Venture Capital - One of the venture capital players in the country with primary focus on managing investments in
the infrastructure sector.
Insurance Broking – The Company has expertise in assessing the insurance requirements of large and medium
enterprises as well as individuals; recommending to them optimal products available in the market; and ensuring
faster settlement of claims.
Strategic
Investments
Our Company’s focus on infrastructure funding has given it a deep understanding of this sector, arising from its
involvement in a range of projects spanning the infrastructure space and its close association with companies
operating in this segment.
Business Verticals
Provide financial products and services to our customers engaged in infrastructure development and construction, with
particular focus on power, road, telecom, port, oil and gas & SEZ sectors in India with a medium to long term
perspective
Composite financial services platform focused on infrastructure
A significant lender in the private infrastructure financing sector
Deep domain knowledge in project structuring, appraisal and risk evaluation
Customized financing to infrastructure projects and their sponsor companies.
Pan- India presence with a network of 198 offices
A holistic player in the infrastructure space
Professional team with diverse backgrounds and deep domain knowledge in various sectors
Experienced management team and dynamic professionals
Well developed relationship with government entities gives access to major advisory and financing opportunities in the
infra sector
Few Indian NBFCs to have accessed the International market for funds and get listed on London Stock Exchange
Established relationships with government entities & well-developed client relationships
Our Key Strengths
Achieved through comprehensive appraisal skills and disciplined risk management practices
Strong asset quality
Shareholding Pattern as on 31.12.2012
11
Shareholding Pattern
Promoters 48.63%
FII 12.91%
Institution 0.04%
Non Institution 38.42%
Promoters, 48.63%
FII, 12.91%
Institution, 0.04%
Non Institution, 38.42%
Srei Infrastructure Finance Limited - The Issuer
Srei Infrastructure Finance Limited – Financial Performance
1
2
Issue Structure
Investment Consideration
3
4
Consolidated Performance Highlights
13
12,896.7
30,680.6 31,786.733,597.2
0.0
5,000.0
10,000.0
15,000.0
20,000.0
25,000.0
30,000.0
35,000.0
40,000.0
FY 10 FY 11 FY 12 9M FY 13
Net Worth
10,130.1
16,380.9
24,463.323,251.7
0.0
5,000.0
10,000.0
15,000.0
20,000.0
25,000.0
30,000.0
FY 10 FY 11 FY 12 9M FY 13
Total Income
1,558.6
1,792.4
1,114.2
1,941.2
0.0
500.0
1,000.0
1,500.0
2,000.0
2,500.0
FY 10 FY 11 FY 12 9M FY 13
Profit After Tax and Minority Interest
137,788.9
205,052.4
307,643.5335,797.9
0.0
50,000.0
100,000.0
150,000.0
200,000.0
250,000.0
300,000.0
350,000.0
400,000.0
FY 10 FY 11 FY 12 9M FY 13
Asset Under Management
(Amount in ` mn.)
Consolidated Financial Summary
(Amount in ` mn.)
Particulars 9M FY 13 FY12 FY2011 FY2010 FY2009 FY2008
Balance Sheet Items
Equity Capital 5,032.4 5,032.4 5,032.4 1,162.9 1,162.9 1,162.9
Net Worth 33,597.2 31,78 6.7 30,680.6 12,896.7 11,493.8 7,228.4
Loan Funds (Borrowings)66,608.6 57,275.8 42,360.1 36,306.3 18,798.6 35,119.3
Investments 21,125.2 21,005.1 20,314.4 6,707.4 4,438.2 3,218.9
Profit and Loss Items
Total Income 23,251.7 24,463.3 16,380.9 10,130.1 8,721.8 8,196.6
Interest & Other Charges16,144.8 15,650.3 8,300.8 5,343.6 5,268.4 4,635.0
Employee, Establishment, etc
Costs 1197.9 1713.0 1234.4 718.4 584.8 450.3
Profit after Tax 1,941.2 1,114.2 1,792.4 1,558.6 820.4 1,327.3
Srei Infrastructure Finance Limited - The Issuer
Srei Infrastructure Finance Limited – Financial Performance
1
2
Issue Structure
Investment Consideration
3
4
Issuer
Instrument &
Issue size
Public Issue of NCDs aggregating upto ` 750 million with an option to retain over-subscription
upto ` 750 million for issuance of additional NCDs aggregating to a total of upto ` 1,500 million.
Use of Proceeds Funds raised through the Issue of NCDs will be utilized for various financing activities, to repay
our existing loans and our business operations including for our capital expenditure and working
capital requirements
Issue Period April 04, 2013 to April 25, 2013
Lead Managers
Listing &
Depositories
BSE Limited,
NSDL and CDSL
Credit Rating &
Security Cover
Issue Structure
Srei Infrastructure Finance Limited (“Company” or “Issuer”)
Investor Category Basis of allotment on a first come first serve basis
Category I (Institutional Portion) 30% of the Overall Issue Size
Category II (Non-Institutional Portion) * 30% of the Overall Issue Size
Category III (Individual Portion) 40% of the Overall Issue Size
* Includes Resident Indian individuals and Hindu Undivided Families applying through the Karta applying more than ` 1 Million.
“CARE AA-” by CARE and “BWR AA by BRICKWORK
1.0 time of the total outstanding amount of NCDs
Issue Structure
Series I II III IV* V* VI
Face Value per NCD `1,000 `1,000 `1,000 `1,000 `1,000 `1,000
Minimum
Application
`10,000/- ( 10
NCDs)
`10,000/- ( 10
NCDs)
`10,000/- ( 10
NCDs)
`10,000/- ( 10
NCDs)
`10,000/- ( 10
NCDs)
`10,000/- ( 10
NCDs)
Frequency of
Interest paymentQuarterly Annually Cumulative Annually Cumulative Cumulative
Category of Investor
who can applyIII III III I, II & III I, II & III III
Tenor from Deemed
Date of Allotment3 years 3 years 3 years 5 years 5 years
6 years 6
months
Coupon (%) for
Institutional & Non
Institutional
Investor(s)
N.A. N.A. N.A. 11.00% p.a. N.A. N.A.
Coupon (%) for
Individual Category10.35 % p.a. 10.75 % p.a. N.A. 11.00% p.a. N.A. N.A.
Effective Yield 10.75 % p.a. 10.75 % p.a. 10.76 % p.a. 11.00% p.a. 1.00% p.a. 11.24% p.a.
Amount (Rs/ NCD)
on Maturity **1,000 1,000 1,359 1,000 1,686 2,000
Issue Structure
Series I II III IV* V* VI
Put Option Not Available
Call Option Not Available
Mode of Interest
PaymentThrough various options available
Redemption Date 3 years from the Deemed Date of Allotment5 years from the Deemed Date of
Allotment
6 years and 6
months from the
Deemed Date of
Allotment
Credit Rating“CARE AA-” (CARE Double AA Minus)‟ by CARE
„BWR AA (BWR Double AA)‟ by BRICKWORK
Deemed Date of
Allotment
The date of issue of the Allotment Advice / Regret or such date as may be determined by the Board of our
Company and/or a duly authorized committee thereof and notified to the Stock Exchange. The actual allotment
of NCDs may take place on a date other than the Deemed Date of Allotment
Security
Charge on specific asset of the Company with an asset cover of 1.0 time of the total outstanding amount of
NCDs, as may be agreed between the Company and the Trustees for the Debentures Holders and
mortgage/charge on its identified immovable property.
Interest on
Application Money
The Company shall pay to the successful Applicants, interest at the rate of 10.5 % p.a. on the Application Amount allotted, for the
period commencing from 3 (three) days from the date of upload of the Application Form on the electronic book of the Stock Exchange,
or the date of realization of the Application Amount, whichever is later, up to 1 (one) day prior to the Deemed Date of Allotment
*Institutional & Non Institutional Category Investor(s) can only subscribe to Series IV and V NCDs, whereas Individual Category Investor(s) can
subscribe to all Series of NCDs, namely Series I, Series II, Series III, Series IV, Series V and Series VI
** Subject to applicable tax deducted at source, if any
*** Our Company shall allocate and allot Series V NCDs wherein the Applicants have not indicated their choice of the relevant NCD Series or have
applied for wrong Series.
Srei Infrastructure Finance Limited - The Issuer
Srei Infrastructure Finance Limited – Financial Performance
1
2
Issue Structure
Investment Consideration
3
4
Return
10.75% Effective Yield per annum for Individual Category Investors in Series I, Series II and
10.76% in Series III
11.00% Effective Yield per annum for Institutional Category, Non - Institutional Category and
Individual Category Investors in Series IV and Series V
Double the return for Individual Category Investors in Series VI
Security Charge on specific asset of the Company with an asset cover of 1.0 time of the total outstanding
amount of NCDs
Liquidity NCDs will be listed on BSE and Investors can trade post listing of NCDs .
Trading will be in dematerialized form only
Mode of Allotment The NCDs will be issued in physical form to Individual investors and in dematerialized form to
other categories of investors
Benefits of Investment in Srei NCDs
Thank You
