Orient Green Power Company Limited

rs,

06th August 2019 The BSE Limited Corporate Relations Department, P.J. Towers, Dalal Street, Mumbai-400 001. Scrip Code: 533263 The National Stock Exchange of India Limited

8 Mw

BWFL acquires old wind assets from third party • 2008 - Commences Biomass Operations – Acquires 8 Mw plant in Kotputli • 2010 – Raised Rs. 900 cr via IPO High Potential disrupted by external factor

Rs. 900

rd party • 2008 - Commences Biomass Operations – Acquires 8 Mw plant in Kotputli • 2010 – Raised Rs. 900 cr via IPO High Potential disrupted by external factors In Rs. cr Revenues 461 385 433

1,000 MW

se shutting down of thermal power plants during the wind season 93.1 Request for expedition of 1,000 MW green energy corridor to help 100% evacuation FY17 FY18 FY19 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q

100%

s during the wind season 93.1 Request for expedition of 1,000 MW green energy corridor to help 100% evacuation FY17 FY18 FY19 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Leading to increase in wind

rs 78

Y15 FY16 FY17 FY18 Q1 FY19 H1 FY19 9M FY19 FY19 0 0 0 0 0 Traded REC Revenue INR Crs 78 19 28 38 28 FY15 FY16 FY17 FY18 FY19 • • • • • • Sharp increase in RECs traded in

Rs.21 Crore

% realization of REC stocks Zero stock of issued RECs as of Mar 31, 2019 Amount held in CERC - Rs.21 Crore The Supreme Court has granted stay in respect of floor price for REC’s issued before 31st March

64%

7 FY18 FY19 FY14 FY15 FY16 FY17 FY18 FY19 Interest / Revenue (%) EBITDA / Interest (x) 64% 58% 70% 60% 59% 49% 0.81 0.84 0.77 1.41 1.48 1.10 FY14 FY15 FY16 F

58%

8 FY19 FY14 FY15 FY16 FY17 FY18 FY19 Interest / Revenue (%) EBITDA / Interest (x) 64% 58% 70% 60% 59% 49% 0.81 0.84 0.77 1.41 1.48 1.10 FY14 FY15 FY16 FY17 F

70%

9 FY14 FY15 FY16 FY17 FY18 FY19 Interest / Revenue (%) EBITDA / Interest (x) 64% 58% 70% 60% 59% 49% 0.81 0.84 0.77 1.41 1.48 1.10 FY14 FY15 FY16 FY17 FY18 F

60%

4 FY15 FY16 FY17 FY18 FY19 Interest / Revenue (%) EBITDA / Interest (x) 64% 58% 70% 60% 59% 49% 0.81 0.84 0.77 1.41 1.48 1.10 FY14 FY15 FY16 FY17 FY18 FY19 F

59%

5 FY16 FY17 FY18 FY19 Interest / Revenue (%) EBITDA / Interest (x) 64% 58% 70% 60% 59% 49% 0.81 0.84 0.77 1.41 1.48 1.10 FY14 FY15 FY16 FY17 FY18 FY19 FY14 F

“he difference of INR 21 paisa/unit will be paid by the ESCOMs to the RE generators concerned in three equal monthly installments to the extent of energy supplied under APPC during the period from 1st April 2018 to 31st March 2019.”

Developments

1

Appendix

1

Continued Operations

1

Wind Business

1

Appendix

Financial Statements 16 18 22 3 Transformation Strategy & Operational Progress OGPL Transformation Accelerated Growth and aiming for leadership in renewable energy sector in India Phase IV (FY18 onward) Focus on optimising performance of Wind business Sale of Biomass business – removal of drag on business performance Transfer of Biomass Debt – reduction in Interest costs • • • • Refinancing of Wind Business debt at lower rates Stabilizing performance, corporate restructuring and rightsizing Phase III (FY15 - 17) • Renewed strategy – Focus on profit making business • Capital allocation (incremental) for profit accretive wind business • Focus on profit making biomass plants; monetize loss making units • Negotiate with bankers – seeking more accommodative terms on debt Consolidation forced by external factors Phase II (FY11 - 14) • • • External factors impacting planned growth trajectory & performance Excessive Grid back down in TN, resulting in sub-optimal functioning of Wind assets Inte

Continued Operations

Revenue EBITDA EBITDA % EBIT EBIT % Profit / (Loss) before tax Loss from Discontinued Operations Consolidated Profit / (Loss) before tax 944 720 76% 438 46% 47 (34) 13 994 766 77% 481 48% (6) (22) (28) 14 Key Financial Highlights – Q1 FY20

Wind Business

   Stable performance – performance would have been even better had it not been for moderation in wind intensity during the quarter. Grid availability remains steady especially in TN; grid availability for the Qtr. at 95.7% Support from regulators and electricity distribution companies / SEBs as well as buoyant demand trends are contributing to a favourable outlook for the industry. Debt rationalization: Working towards lowering cost of debt    In - discussions with bankers for refinancing debt - Working towards lowering average cost of debt from ~13% at present Interest cost reduced from Rs.48 Crore in Q1 FY19 to Rs.39 Crore in Q1 FY20. Liquidity and cash flow position to improve post completion of the exercise REC Trading: Trading volumes and realization remain firm on the back of strong demand    Trading volumes remain elevated on the back of strong demand Certificates getting traded consistently above their floor price. Average price realization at Rs.1437/Certificate duri