Presentation to the Company s Shareholders

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1 Presentation to the Company s Shareholders Anil Sardana Managing Director August 16, 2013

2 Flow of Presentation Sector Opportunities and Outlook About Your Company Company Strategy and Priorities Financials 2

3 Sector Opportunities and Outlook

Power sector in India has been facing challenges

Power Sector Lack of sufficient growth in domestic

such as Indonesia Shortage of gas supply

Acquisition Policy Framework Inordinate delays in

4 Power sector in India has been facing challenges across the value chain (1/2) Challenges in Indian Power Sector Lack of sufficient growth in domestic coal production Fuel Regulatory changes in markets such as Indonesia Shortage of gas supply Generation Lack of Uniformity in the Land Acquisition Policy Framework Inordinate delays in environmental clearances Tightening of norms from financial institutions 4

5 Power sector in India has been facing challenges across the value chain (2/2) Challenges in Indian Power Sector Transmission Network not sufficient to meet growth Several Transmission projects developing slowly Success of Southern Grid integration and open access depends on expansion of Transmission capacity SEBs financial losses Distribution High AT&C losses Power tariffs artificially kept low SEBs resorting to load shedding in peak hours 5

6 About Your Company

Tata Power is India s largest Integrated Power Utility Founded in 1906 to supply power to Mumbai First hydro plant commissioned in 1915 Set up thermal power plants in Mumbai in the 1950s Expanded in

7 Tata Power is India s largest Integrated Power Utility Founded in 1906 to supply power to Mumbai First hydro plant commissioned in 1915 Set up thermal power plants in Mumbai in the 1950s Expanded in India after private sector reforms in 1990s Fuel Fuel Logistics Generation Transmission Distribution Power Trading Presence across the entire value chain Thrust on renewable energy sources including hydro, wind, solar and geothermal Successful Public Private Partnerships in generation, transmission and distribution 7

Integrated play in all key areas of the value chain Play across the entire value chain

Domestic mines being developed Fuel supply in place for majority of operational and

under build Mumbai: 1,100 circuit km of 220KV/ 110 KV lines and 19 receiving stations

Northern Region Mumbai distribution network Over 4 lakh retail consumers Delhi

8 Integrated play in all key areas of the value chain Play across the entire value chain Fuel Generation Transmission Distribution & Supply Stake in Indonesian mines Two (2) Domestic mines being developed Fuel supply in place for majority of operational and underexecution projects 8,521 MW operational capacity 7,646 MW of thermal 1,151 MW under build Mumbai: 1,100 circuit km of 220KV/ 110 KV lines and 19 receiving stations Powerlinks: 1,200 km of line associated with Tala hydro project Connects Bhutan and Northern Region Mumbai distribution network Over 4 lakh retail consumers Delhi distribution Over 1.3 million customers Jamshedpur Distribution Franchise Consumer base of over 3 lakh 8

9 Continuously expanding Global Footprint Tata Power Global presence Hydro Projects - Georgia Hydro Projects - Bhutan Comprehensive Electricity Management, RAK, UAE Distribution Assignment - Nigeria Logistics Office - Singapore Hydro Power- Zambia JV for Power Projects South Africa Coal Mines, Geothermal Project Indonesia Technology Investments - Australia Partnerships have been built with several major players worldwide 9

10 Company s Priorities

CGPL, Mundra: CERC committee deliberation in progress

commissioned on 22 Mar 2013 CGPL holds the record of

any Indian utility CGPL PPA Resolution CERC in its order

committee to recommend a compensatory tariff Committee

11 CGPL, Mundra: CERC committee deliberation in progress awaiting an early resolution Highlights Fifth 800 MW unit commissioned on 22 Mar 2013 CGPL holds the record of commissioning maximum capacity during a year (3,200 MW) by any Indian utility CGPL PPA Resolution CERC in its order dated 15 Apr 2013 has given a directive to constitute a committee to recommend a compensatory tariff Committee deliberating the possible options Tata Power hopeful of an early resolution 11

900 MW tied up through long term PPA Priorities going forward Strengthening coal logistics by

12 MPL, Maithon: stable performance, strengthening fuel logistics and power sale About the Plant Unit 1 (525 MW) achieved commercial operation on 1 Sep 2011 and Unit 2 (525 MW) on 24 Jul MW tied up through long term PPA Priorities going forward Strengthening coal logistics by completion of railway siding Pursuing PPA arrangements for balance 150 MW Finalization of tariff with CERC 12

Mumbai Operations strong sustained performance

Availability levels higher than previous year

supply Increased generation units due owing to

56% against MERC norm of 98% Retail consumer

stations from Power System Control Centre Focus

month) Network upgrade and capacity expansion

13 Mumbai Operations strong sustained performance across Generation, Transmission & Distribution Availability levels higher than previous year powering Mumbai with high quality reliable supply Increased generation units due owing to growing power demand Grid availability at 99.56% against MERC norm of 98% Retail consumer base of ~4 lakh Remote operation of receiving stations from Power System Control Centre Focus on low end consumers (<300 unit consumption per month) Network upgrade and capacity expansion projects are being carried out Continued support to infrastructure in Mumbai 13

the city of Mumbai (embedded generation) Mumbai power demand expected to grow from ~3.

14 Trombay: Unit 6 Coal Conversion Uniqueness of Mumbai generation Full scale operation of Trombay Power Station critical for Mumbai s islanding concept Trombay Thermal Power Station provides power only to the city of Mumbai (embedded generation) Mumbai power demand expected to grow from ~3.5 GW today to over 6 GW by 2020 Transmission System constraints pose a challenge to import additional power in Mumbai 14

15 Benefits from Unit-6 Coal Conversion Reduction in ground level concentration SPM SO2 NOX Existing (ug/m3) 4.43 After Coal Conversion (ug/m3) Ambient Air Quality at Trombay SPM (PM 10) SO2 NOX AAQM Std. Existing Level Contribution by Trombay Plant Coal conversion to result in lower cost of power for consumers The modified Unit-6 will use imported coal which has significantly less amount of Ash and Sulphur, which are the main cause of air pollution, as compared to Indian coal Coal Conversion of 500 MW Unit will help to reduce ground level concentration of pollutants in view of significant investment in pollution control equipment Company responsible to handle 100% of Ash being generated in benign applications 15

India s first private sector inter-state transmission project on a BOOT basis Grid availability maintained at 98.49% (Eastern Region) and 99.

16 Key Subsidiaries Tata Power Delhi Distribution Ltd. High degree of reliability (ASAI > 99%) Consistently over-achieved AT&C Loss Reduction Targets TPDDL Call Centers are global benchmark Powerlinks Tata Power Renewable Energy Ltd. India s first private sector inter-state transmission project on a BOOT basis Grid availability maintained at 98.49% (Eastern Region) and 99.95% (Northern Region) against stipulated norm of 98% Wind Assets across Maharashtra, Gujarat, Tamil Nadu, Rajasthan and Karnataka Wind based projects of over 160 MW currently being developed across the country (Aggregated Tata Power operational wind power is now about 400 MW) Solar Installed capacities: 29 MW Land acquisition for new projects in progress New projects being developed in Maharashtra, Gujarat and Rajasthan 16

17 Kalinganagar, Odisha CPP-1: MW (3 X 67.5 MW) Highlights Project being executed through IEL, a JV of Tata Power (74%) and Tata Steel (26%) Power supply to Tata Steel plant in Kalinganagar, Odisha Project Status EPC contract awarded All clearances for the project in place On-ground execution in advanced stages 17

5 MTPA Land acquisition completed Vendor for mine development and operation under finalization Tubed Captive Coal Block Coal

18 Domestic Captive Coal Block Projects Mandakini Captive Coal Block Being developed through JV of Tata Power, Monnet Ispat and Jindal Photo Film Expected yield of 7.5 MTPA Land acquisition completed Vendor for mine development and operation under finalization Tubed Captive Coal Block Coal block being developed through JV of Tata Power (40%) and Hindalco (60%) Expected annual yield of 6.0 MTPA Tata Power s share of coal to be used for Tiruldih project Land acquisition currently in progress Representative picture 18

19 Tata Power Jamshedpur Distribution Limited Highlights Distribution Franchisee agreement signed with JSEB on 5 Dec 2012 for a period of 15 years for power distribution in the Jamshedpur Circle in Jharkhand Coverage area of approximately 3,600 sq. km Consumer base of approximately 3 lakh Expected date of takeover is around Oct 2013 With takeover of power supply for Jamshedpur, distribution retail consumer base of Tata Power will cross 2 million 19

works progressing as planned 87% concreting completed 98% manufacturing of electro mechanical equipment

20 Dagacchu Hydroelectric Power Project, Bhutan: 126 MW Highlights Project being implemented in Bhutan Project being executed through JV of Tata Power (26%), Druk Green Power (59%) and NPPF, Bhutan (15%) Civil works progressing as planned 87% concreting completed 98% manufacturing of electro mechanical equipment completed Erection of various electro mechanical components at the dam site and in the Power House under progress 20

South Africa, Botswana, Namibia and other African countries Steady progress towards financial closure for two wind

21 Cennergi: 234 MW Highlights Cennergi formed through 50:50 JV between Tata Power and Exxaro Resources Limited, the second largest coal producer in South Africa Cennergi will focus on development of power generation projects in South Africa, Botswana, Namibia and other African countries Steady progress towards financial closure for two wind projects (234 MW) for which it was declared successful by Dept. of Energy, Govt. of South Africa Representative picture 21

aggregating to 400 MW Power sale primarily to Turkey (85%) and the rest within Georgia (15%) This project provides

22 Georgia Hydro: 400 MW Highlights Tata Power in an agreement with Clean Energy Invest AS and IFC InfraVentures for development of hydro power projects in Georgia 40% stake in the venture implementing three hydro projects aggregating to 400 MW Power sale primarily to Turkey (85%) and the rest within Georgia (15%) This project provides Tata Power with a window into the region and leverage Turkish connectivity to European power markets Source: lemill.net 22

23 Domestic Projects New projects being developed Dugar Hydro: 380 MW Mundra Expansion: 1,600 MW Maithon Expansion: 1,320 MW Begunia: 1,320 MW Tiruldih: 1,980 MW Kalinganagar CPP2: 450 MW 400 kv Vikhroli Transmission Palaswadi, Solar, 28.8 MW Visapur, Wind, 28.8 MW Coastal Maharashtra, Dehrand: 1,600 MW Pethshivapur, Wind, 49.5 MW 23

International Projects Ras Al-Khaimah (RAK) Sorik Marapi Geothermal, Indonesia Representative picture only Memorandum of Agreement executed with Govt.

24 International Projects Ras Al-Khaimah (RAK) Sorik Marapi Geothermal, Indonesia Representative picture only Memorandum of Agreement executed with Govt. of RAK for implementing comprehensive electricity management in the Emirate Opportunity for Tata Power to associate with Generation, Transmission and Distribution systems of the Emirate Project being executed by a consortium of Tata Power, Origin Energy and PT Supraco Indo. Project in exploration phase PPA negotiation in progress with Indonesia s State Power Off-taker Exploratory drilling to commence in FY14 24

293 Cr in FY13 Leverages company s capability in power plant O&M, project management, testing etc.

25 Value Added Businesses Tata Power Solar Systems Tata Power Trading Focused on manufacturing and sale of solar cells & modules, EPC and O&M services Ranked 2nd largest power trader Tata Power SED Tata Power Services Revenue of Rs. 293 Cr in FY13 Leverages company s capability in power plant O&M, project management, testing etc. SED s Software Unit successfully appraised at CMMI Level 5 Consistent growth (~40% CAGR in 5 years) Offers customized solutions to Greenfield and existing power plants 25

26 Financials

27 Standalone Financials Figures in ` Crore FY13 FY12 Revenue from Operations (Net) 9, Operating Expenditure 7, , Operating Profit 2, , Add: Other Income Less: Finance Costs Profit Before Depreciation and Tax 2, , Less: Depreciation/Amortization/Impairment Profit Before Tax 1, , Less: Tax Expenses Net Profit/(Loss) After Tax 1, ,

28 Consolidated Financials Figures in ` Crore FY13 FY12 Revenue from Operations (Net) 33, , Operating Expenditure 26, , Operating Profit 6, , Add: Other Income Less: Finance Costs 2, , Profit Before Depreciation and Tax 4, , Less: Depreciation/Amortization/Impairment 2, , Profit Before Tax 1, Less: Tax Expenses 1, , Net Profit/(Loss) After Tax (968.29) 28

29 Q1 FY14 Performance - Standalone Figures in ` Crore Q1FY14 Q1FY13 Revenue from Operations (Net) 2, , Expenses 2, , Profit from operations before other income, finance costs and tax Other Income Profit before finance costs and tax Finance costs Profit before tax Tax expense Net profit after tax

30 Q1 FY14 Performance Consolidated (Unaudited) Figures in ` Crore Q1FY14 Q1FY13 Revenue from Operations (Net) 9, , Expenses 7, , Profit from operations before other income, finance costs, exceptional item and tax 1, Other Income (227.92) Profit before finance costs, exceptional item and tax 1, Finance costs Profit before exceptional item and tax Exceptional Item Provision for impairment - - Profit/(Loss) before tax Tax expense Net profit after tax (48.98) Net profit/(loss) after tax, minority interest and share of profit of associates (114.70)

31 Tata Power Stock Performance April 2011 till date: normalized chart 120 Apr 2012 value BSE Sensex Power Index Tata Power 17,319 2,

Tata Power has undertaken a number of initiatives on Sustainability as a part of

Care for Customers Care for People Renewables, clean/ green energy Efficient

Livelihood, infrastructure and natural resources Energy clubs Customer care centers

Developing managers centric, across domains/ functions Initiatives Fly ash brick

lights Mundra, Tiruldih, Maval, Mulshi and Maithon Support for Uttarakhand cash

care centres Continued energy conservation efforts through Club Enerji Association with

32 Tata Power has undertaken a number of initiatives on Sustainability as a part of Leadership with Care Sustainability initiatives Care for Environment Care for Community Care for Customers Care for People Renewables, clean/ green energy Efficient technologies Carbon footprint reduction Bio-Diversity conservation Community engagement Livelihood, infrastructure and natural resources Energy clubs Customer care centers Demand side management, energy audits Safety and health Employee learning & development Developing managers centric, across domains/ functions Initiatives Fly ash brick manufacturing unit at Jojobera Eco-restoration and Ecodevelopment in Western Ghats Solar lights Mundra, Tiruldih, Maval, Mulshi and Maithon Support for Uttarakhand cash donation, solar lanterns, deputation of engineers to rebuild power supply 25 customer care centres Continued energy conservation efforts through Club Enerji Association with DuPont for benchmarked safety management practices Special initiatives to address safety and special needs of women employees 32

33 Uttrakhand Immediate Support, in areas impacted Tata Power teams mobilized immediate support for impacted areas & residents along with other Tata Cos. 33

Awards and Recognition CII ITC Sustainability

Power Line Best Performing Private Discom award

Renewable IPP Winner Infrastructure Excellence

34 Awards and Recognition CII ITC Sustainability Award 2012 for strong commitment to environment Power Line Best Performing Private Discom award for TPDDL Power Line award for Best Performing Renewable IPP Winner Infrastructure Excellence Awards 2012 for the project Ultra Mega Power Project, Mundra 34

35 Website: ID: Contact No:

Presentation Title ( Arial, Font size 28 )

Presentation Title ( Arial, Font size 28 ) The Tata Power Company Ltd. Date, Venue, etc..( Arial, November Font size 18 ) 2013 Message Box ( Arial, Font size 18 Bold) Disclaimer Certain statements made