GENUSPOWER

G‘é’nus energizing lives Genus/STX/QC/2019 May 13, 2019 National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, Plot no. C/l, G Block, P.J. Towers, Bandra-Kurla Complex, Bandra (E), Dalal Street, Fort, Mumbai - 400 051. Mumbai —400001 (NSE Symbol: GENUSPOWER) (BSE Code: 530343) Dear Sir/Madam, Sub: Investor Presentation Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith the Investor Presentation. We requestto kindly take the same on record. Thankingyou, Yourstruly, - For Genus Power Infrastructures Limited W/Company Secretary Encl. as above Genus PowerInfrastructures Limited CorporateOffice: RegisteredOffice: (A KailashGroupCompany) SPL-3. RilCOIndustrialArea, Sitapura, Tonk Road, (3-14, Sector»63, Noida, Jaipur-302022, (Raj.),India UttarPradesh-201307 (India) CorporateIdentityNumber T. +91»141-7102400/500 ' r.+917141A2770319, 7102503 Telefax +91-120~4227116 LWIWSW Lamina-w.moanusin E info©genus.in Genus Power Infrastructures Limited Corporate Presentation May 2019 1 Safe Harbour This presentation and the accompanying slides (the “Presentation”), by Genus Power Infrastructures Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment what so ever. No offering of securities ofthe Companywill be madeexcept by meansofa statutory offeringdocumentcontainingdetailed information aboutthe Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adoptedby the Companyandthe Companyis not responsibleforsuch third party statements andprojections. 2 Key Business Update Recent Order Received • Received an export order worth~Rs 47 crore • Received a domestic order worth ~Rs 49 crore • LOI forsupply of AMR enabled Smartmeters in Maharashtra, worth ~Rs. 92 crore Set up an Advanced Metering Infrastructure (AMI) lab • At Smart Grid Knowledge Centre (SGKC) of Power Grid Corporation of India Limited (PGCIL) Technology Tie-up • Vodafone Idea Business Services (VIBS), the enterprise arm of Vodafone Idea, has entered into a partnership with us to work together on a Proof of Concept (POC) of NB-IoT (NarrowbandInternet of Things) networks • We are conducting advanced trials of NB-IoTenabled energy meters in India 3 Q4 FY19: Performance Highlights Revenue (Rs. Crores) EBITDA (Rs. Crores) PAT (Rs. Crores) Margin 12.31% 12.35% +5% +6% +49% 301.5 37.2 22.6 285.8 35.2 15.2 Q4FY18 Q4FY19 Q4FY18 Q4FY19 Q4FY18 Q4FY19 4 Standalone Results As per IND-AS FY19: Performance Highlights Revenue (Rs. Crores) EBITDA (Rs. Crores) PAT (Rs. Crores) Margin 11.1% 12.1% +26% +38% +41% 1,055.5 127.9 72.4 835.1 93.0 51.5 FY18 FY19 FY18 FY19 FY18 FY19 Highest Annual Sales 5 Standalone Results As per IND-AS Highest Ever Order Book We upgrade our technology and product Order Book (Rs. Crores) offering at regular interval backed by continuous R&D 1,498 +57% 1,276 Strong Demand for various types of Meter across State Electricity Boards & Private Players 685 386 Mar-16 Mar-17 Mar-18 Mar-19 Genus uniquely positioned to suffice needs of the rising demand of Meters 6 Power Sector Leadership Largest player in India’s electricity meter industry Incorporated in 1992, Part of $400 mn Kailash Group ~27% market share in Meter Industry Over 2 decades of experience in electricity metering solutions ~70% market share in Smart Meters industry Share of Metering Projects increasing Top-notch In-house R&D recognized by Govt of India Empanelled with 40+ different utilities across the country 25,000 Sq. Mtrs of Integrated Manufacturing 57 mn+ Meters installed Annual Production capacity of 10 mn+ meters Capability to undertake turnkey power projects up to 400 KV 8 Journey So Far ▪ Production of ▪ Deployed Smart ▪ AMR / Pre-payment Metering Solution at Electronic Energy ▪ India's First Narrowband - Meter/ DT Meter Shapur(Junagarh) Meters IOT setup for AMI with launched PGVCL –India’s First ▪ Established Single Vodafone Idea ▪ Ventured into Smart Village Project & Three Phase ▪ Among theTop 10 Global Power Distribution ▪ Implemented India’s Electronic Energy AMI Companiesas per IHS Management first End to End Smart Meters Markit’s ElectricityMeters Projects Metering Solution at ▪ Multi-functional & Report –Edition2018 ▪ Manufacturing Kala AmbHPSEB’s Multi-tariff Meters ▪ Smart Meter Integrated facility at Haridwar Smart Grid Pilot Project launched line getting operational commissioned with Alstom 1996 - 1999 2005 - 2009 2014 - 2016 2018 - 2019 1992 - 1995 2000 - 2004 2010 - 2013 2017 - 2018 • Company founded ▪ R&D recognized by ▪ Launched meter ▪ Intelligent Group for manufacturing Government of with integrated Metering systems Thick Film Hybrid India APFC, Smart Meters, deployed at BSES Microcircuits & SMT ▪ Lean Manufacturing smart street light ▪ Smart Meters order PCB Assemblies management with help of TBM from EESL for supply • First Production consultants, USA system, Group of 13.5 lakh meters Metering etc facility set up in ▪ Increased product ▪ Only Indian Sitapura, Jaipur range of electronic company to receive energy meters BIS certification for Smart Meters ▪ Set up and Commenced production at Assam plant 9 Experienced Management Team Mr. Ishwar Chand Agarwal Executive Chairman Mr. Kailash Chandra Mr. Rajendra Kumar Agarwal Mr. Jitendra Kumar Agarwal Agarwal Vice-Chairman, Non-Executive, Joint Managing Director Managing Director and CEO Non-Independent Mr. R Viswanathan Dr. Giriraj Nyati Chief Management COO -Metering Solution Representative Mr. Ranvir Singh Rathore Mr. N L Nama Dr. Anukram Mishra Senior VP –Domestic Marketing Chief Financial Officer Chief Technical Officer and Sales 10 Pillars of Competitive Edge Infrastructure R&D Certifications Workforce CADY,O DUieRs a TnEd XMTo HldEdResEigns, In- P h U ou T s T e E R X & T D H Ce E n R tr E e, C Y M O M U I R le T ve E l X 3 T C o H m E p R a E ny Ar P m U e T d T w E it X h T lo n H g E -t R e E rm, recognised by Ministry of Accredited with - ISI, KEMA, highly-experienced and Molding, Automated SMT Science and Technology, the SGS, STS, ZIGBEE, UL, DLMS best-in-class technologist, lines, Lean Assembly Government of India and etc., which is amongst the engineers and techniques and the state-of- accredited by National highest in Indian Metering executives the-art manufacturing Accreditation Body for Solutions Industry facilities with complete Testing Labs forward and backward integration 11 Business Verticals SMART METERING SOLUTIONS Offers a wide spectrum of Smart Metering Solutions, that includes High End Multifunction Single Phase and Three Phase Meters, CT Operated Meters & HES (Head End System), ABT & Grid Meters, Distribution Transformer (DT Meters), Pre-payment Meters, Group Metering, Smart Street Light Management Solution, Net- Metering Solution for rooftop Solar, Data Concentrator, Energy Management solution for Building Management and DC Metering Solution, Gas Meter etc Genus specializes in providing end-to-end metering solutions (AMI) with communication modules and software under its Smart Energy Management Solution ENGINEERING, CONSTRUCTIONS AND CONTRACTS (ECC) Customized and turnkey (ECC) solutions to the Power Transmission and Distribution (T&D) sector Under the turnkey ECC solutions, Genus offers One Stop Total Solution of Metering, Engineering & Construction from ‘Concept to Commissioning’ with distinctive specialization in Smart Metering Solution & Advance Metering Infrastructure 12 End to End Energy Management Solutions Meters from Generation to Consumption 13 Diversified Product – Market Mix RESIDENTIAL & COMMERCIAL INDUSTRIAL PREPAYMENT SOLUTION Meters with communication LT / HT CT Meter with Integrated Single Phase Prepayment Meter capability Communication Three Phase Prepayment Meter Single / Three Phase Smart Meters with Automatic Power Meters Factor Controller Dual prepayment Solution Net Meters ABT Meter DIN Rail Prepayment Meter Smart Street Light Smart High end Meters Prepaid Vending Software Management System On-Line “Pre-paid” Metering Group Metering Solution 14 Diversified Product – Market Mix DISTRIBUTION TRANSFORMER OPEN ACCESS / GRID CALIBRATION EQUIPMENT Thread Through Metering Grid & Sub-Station Meter (ABT Single Phase Portable Reference Solution for Distribution Complaint) Meter Transformer Three Phase Portable Reference Smart DT Meter with Meter Integrated Communication 15 Engineering Construction & Contracts ECC Division Leveraging on Strength Complements the Metering Business Provides total engineering and More than 20 years of experience in Increased implementation of Smart construction solution from “Concept to Indian Power distribution sector metering solution Commissioning” Engineered Energy meter solutions Higher sales growth under metering Offers turnkey solutions of MV, HV & backed up with in-house R&D and division EHV sub-stations & transmission lines technological prowess Margin expansion and execute turnkey jobs up to 420 KV Gain Market share Current Projects under implementation 220 KV transmission line and substation in Jharkhand 132 KV D/C transmission line and substation in Jharkhand 230/110 KV AIS substation in Tamil Nadu Rural electrification work in Uttarakhand under R-APDRP Rural electrification work (including feeder segregation) in Western UP under DDUGJY scheme Genus Power would benefit from the GOI’s plan to reduce T&D losses in coming years 16 Balanced Client Mix SEB’s registered under UDAY schemes are the major revenue contributors 17 Manufacturing Assets at Glance R&D Centre and Corporate Office, Sitapura, Jaipur Ramchandrapura, Jaipur Haridwar, Uttaranchal Haridwar, Uttaranchal Guwahati, Assam Total Installed capacity of over 10 million meters per annum 18 Quality Assurance Quality is the hallmark of Genus products and services Comprehensive testing is carried out at various stages of product manufacturing starting from incoming raw material/components to in-process stages and to the final finished and packed product In-House NABL Accredited Electronic Energy Meter Testing Laboratories A series of reliability tests are conducted periodically both on in-house reliability chambers and from NABL approved outside test labs, to establish a satisfactory life of the product in the hands of the customer. 19 Quality Certifications CMMI Level 3 STS certification Bureau Veritas National Accreditation Board for QSI Certification Company Testing and Calibration Laboratories KEMA Certification R&D Lab recognized by MSD, GOI Silver Certificate by Frost & Sullivan IEC Certifications ZigBeeCertification STQC Certifications DLMS Certification for Meters EMC Certifications IECQ for quality of components C-DOT Certifications Awarded various national and international quality accreditations such as 20 various ‘ISO’ marks, OHSAS 18001 ‘BIS‘, NABL, ‘STS’, ‘EMC’, ‘ISI’, ‘S’ mark, etc., Infrastructure & Testing Capabilities • Quality Assurance Qualified & Capable to In-house Technology • Innovation & R&D service the ever growing product since inception • In-House NABL Accredited Electronic Energy power sector demand by Meter Testing Laboratories (recognized by Ministry of adhering to stringent Truly “Made in India” Science & Technology, Govt. of India) protocol • Lean Manufacturing s e e B v g r a s n o C P w d e h i d t S 01 m o o r n a e l C s e i l b m e s s A 03 d n a w o l f e R g n i r e d l o s 05 e t a m o t u A c n e B t s e T 07 l o M c i t s a l P 09 d e l l o r t n o C 02 04 06 08 10 g n d es n l o o e n i a t n e d e t a r g e t n i r u t c a f u n a M s e i t i l i c a t a m o t u A e n i L T M S n a e L o i t c u d o r P e n i L t e s u o n h - I m o o r l b a n i a t s u S h C y l p p u S m e g a n a M I F 21 Key Awards Received 2000: 2004: 2011: Rated as 7th turnaround company of Rated among top 100 Electronic Outstanding performance award by India by Business World, India companies in India by EFY NDPL towards AT&C loss reduction 2013: 2015: The prestigious EFY Reader’s choice top Accorded Excellence in Quality by 5 brands Golden Peacock National Quality Awards, 2015 2015: 2018: 2018: “Silver Certificate of Merit” by Frost & The Global Center of Excellence at Jaipur Quality team won 7 Gold & 3 Silvers in Sullivan’s India Manufacturing for the successful testing & integration 32nd National Convention Quality Circle Excellence Awards 2015 of Genus Smart Electricity Meter Awards organised by “Quality Circle Solutionin theLiving Labin Jaipur Forumof India” at Gwalior& Haridwar 2019: Recognition from CESC for “Active Involvement in Development of Smart Meters” 22 AT&C Losses in India are Three Times the Deficit ▪ AT&C Loss = (Energy input – Energy billed) * 100 / Energy input ▪ Theft is the one of the main causes of the high losses. Theft occurs in several ways, viz: by tapping power lines and tempering / by-passing meter etc ▪ Meters play a vital role in reduction of AT&C Losses - Replacement of defective meters by tamper proof electronic meters / smart meters - AMI / Smart metering to the consumer for reduction of commercial losses and billing and collection ease ▪ Smart meter has the following capabilities: - Smart Meters and AMI Meters have communication capability - It can register real time or near real time consumption of electricity or export both. - Read the meter both locally or remotely - Remote connection or disconnection of electricity - Remote communication facilities through GSM / GPRS / RF etc 24 Source: Various Article Government’s Thrust on Metered Power for All Planned outlay of Rs. 326 Billion Strengthening of sub-transmission network to reduce AT&C losses Metering & implementation of IT application to reduce commercial losses DISCOMS had accumulated losses of Rs. 3.8 Trillion and Debt of Rs. 4.3 Trillion Smart Meters be installed for all consumers with consumption of above 200 To improve the operational efficiency and reduce AT&Closses units by 2019 Smart Metering solutions, upgradation of transformers and meters Improved financial health of DISCOM’s would help in lower operating cost and reduce working capital cycle of equipment suppliers DEENDAYAL UPADHYAYA GRAM JYOTI YOJANA Till date – 27 states and 5 UT has participated in the scheme ( Scheme of Govt. of India for Rural Areas ) Planned outlay of Rs. 760 Billion Electrification to all villages Feeder separation (Rural households & agricultural) Strengthening of sub-transmission & distribution infrastructure including metering at all levels (input points, feeders and distribution transformers) Metering to reduce the Losses 25 Source: Various Article Metering Opportunity METERING OPPORTUNITY India has 200 million legacy meters There are plans to install up to 130 million smart meters As per the, notification by power ministry, dated 8th by 2021 September 2016 : Mandatory rollout of Smart Meters, for consumers GOVERNMENT INVESTMENT with monthly consumption of 500 units and more The government is planning to invest up to $21 billion till 2025 in smart grid technologies Mandatory rollout of Smart Meters, for consumers with monthly consumption of 200 units and more The smart cities initiative is targeting 100+ cities in India, out of which 20 have been declared and work for them will start in the next month Current Power minister Mr R. K. Singh has extended or two deadline to end of FY22 More than 14 smart grid pilots have been launched in cities across India, to push smart solutions in Power Generation & Distribution Industry 26 Source: Various Article Smart Meter is the Future Latching Switch What are Smart Meters ? Smartmeterswillhaveakillswitchwhichwillcloseofftheutilitysupply. The kill switch will be operated via Internet. This will give power to utilityproviderstostartandstopthesupplyattheclickofabutton Smart meters are remarkably different from electronic meters. While electronic meters only measure the amount of utility used, a smart meter is used to measure the utility and Increased customer involvement then transmit the reading without any human intervention As all the data collected will be uploaded on the Internet the customers will be able to access it using their smart phones application. This will give them a clear idea about daily, hourly and even per-minute ✓ Allowing utilities to introduce different prices for consumption,andhowitisbilled different consumption during different season ✓ Control devices with two-way communication between Prepaid Schemes the meter and the central system Customerswillbeabletorechargetheirmeterstotheamountofenergy usage and consume only that much. As the meters are smart, they will remind the consumer when thebalance isrunning low,or when a larger than normal chunk is being used. This will help consumers save money, andtaketheloadofbillingoffthelocalbody Consumption Patterns As consumers will be able to access the data on their mobile phones / tablets / PCs, they will be able to cut their expenses using simple strategies. For example not using water heaters or electric irons during peakhour 27 Source: Various Article Smart Meter as Game Changer Four ways to recharge Uttar Pradesh’s power Power Ministry links sector '24x7 Power' with ”He also added that the Centre and the state are committed to resolving consumer honesty Uttar Pradesh's power sector distress through smart metering and 8thMay 2017 crackdownonpowertheft.” 11thJune 2017 The magnitude of the task at hand can be gauged from the fact that by 2019, Uttar Pradesh has to (1) nearlydoubleitselectricity-sectorassetbase,(2)plug Lower tax on coal under GST will bring down power in 11.2 million households, (3) formalize and meter tariffs: Piyush Goyal (Ex Power Minister) around 8.4 million households with access to electricity, (4) meter another 6.8 million registered ruralconsumers,(5)halveAT&Clossesevenaslosses 11thJune 2017 get re-estimated after metering goals are achieved, (6) ensure round-the-clock supply to all consumers, and(7)achieveafinancialturnaround “He also said that the central government could offer any amount of long-term, lowcost funding to 100% metering of all existing and upcoming Excepts from News Articles on states to implement smart metering of consumersshouldbedoneonawarfooting.Thiswill households.” help plug theft, revenue leakage and ensure that SMART METER discoms get more money from the same set of as consumers. GAME CHANGER Power minister Piyush Goyal said : “Smart meters, which are crucial for a roof-top solar power plant which is connected to the grid to sell Power Minister pitches for surplus power, can be a game changer. He pitched for wider use of smart electricity meters and urged the electrical equipment industry to wider use of smart come up with innovations that suit the domestic consumer as the country strives to use energy efficiently” electricity meters Tata Power Delhi Distribution Ltd. is now installing 200,000 smart meters and is planning to scale it up to 1.5 million in five to six years, while Reliance Power Ltd-owned BSES Yamuna Power Ltd and BSES Rajdhani Power Ltd, which supply electricity in Delhi, are also installing smart 23rdJan 2017 meters for customers in phases 28 Source: Various Article Geared to Ride the Growth Wave Market leaders in metering business National and International Extensive Management Recognition and certifications Experience Integrated manufacturing facility/ largest installation base Strong Pre - qualification Credentials In-house R&D Centre Long Lasting Relationships with the Customers Comprehensive range of metering products / solutions First Indian Company to get BIS Certificate for Smart Meters 29 Highest Annual Business Revenue (Rs. Crores) EBITDA (Rs. Crores) 1,056 128 124 124 916 858 835 99 767 93 87 642 FY14 FY15 FY16 FY17* FY18* FY19* FY14 FY15 FY16 FY17* FY18* FY19* Cash PAT (Rs. Crores) PAT (Rs. Crores) 80 94 92 72 60 58 71 69 73 69 53 52 FY14 FY15 FY16 FY17* FY18* FY19* FY14 FY15 FY16 FY17* FY18* FY19* Standalone Results *As per IND-AS 31 3 Standalone Profit & Loss Statement Particulars (Rs. Crores) Q4 FY19 Q4 FY18 YoY FY19 FY18 YoY Total Revenue 301.5 285.8 5.5% 1,055.5 835.1 26.4% Cost of Material Consumed 195.2 204.6 718.0 575.0 Employee Expenses 26.9 24.5 98.2 85.8 Other Expenses 42.2 21.5 111.4 81.3 EBITDA 37.2 35.2 5.8% 127.9 93.0 37.5% EBITDA (%) 12.35% 12.31% 12.12% 11.14% Other Income 6.3 2.9 17.9 22.0 Depreciation 5.0 4.4 19.4 17.1 EBIT 38.5 33.7 14.4% 126.5 97.9 29.2% EBIT (%) 12.79% 11.79% 11.98% 11.72% Finance Cost 9.7 7.3 33.9 22.8 Profit before Tax 28.8 26.4 9.3% 92.5 75.1 23.2% Tax 6.3 11.2 20.2 23.5 Profit after Tax 22.6 15.2 48.8% 72.4 51.5 40.4% PAT % 7.49% 5.31% 6.86% 6.17% EPS 0.88 0.59 2.81 2.00 32 As per IND-AS 3 Standalone Balance Sheet ASSETS (Rs. Crores) Mar-19 Mar-18 EQUITY AND LIABILITIES(Rs. Crores) Mar-19 Mar-18 Non-current assets Property, plant and equipment 176.9 165.5 Equity Share capital 25.7 25.7 Capital work-in-progress 1.6 1.9 Share Application Money Pending Allotment 0.0 0.1 Other intangible assets 1.1 1.2 Other equity 784.8 722.7 Investment in Associates 15.9 14.2 Sub-total -Shareholders' funds 810.5 748.5 Financial assets Non-current liabilities Investments 68.4 36.8 Financial liabilities Loans 30.3 53.9 Borrowings 25.1 16.3 Other financial assets 18.4 12.8 Other financial liabilities 9.1 5.8 Other non-current assets 13.4 17.7 Long Term Provisions 22.5 14.5 Deferred tax assets (net) 37.2 36.7 Government Grants 1.7 2.0 Net employee defined benefit liabilities 2.0 1.0 Sub-total -Non-Current Assets 363.3 340.7 Sub-total -Non-current liabilities 60.3 39.7 Current assets Current liabilities Inventories 206.7 195.6 Financial liabilities Financial assets Borrowings 242.3 221.4 Investments 124.1 124.7 Trade payables 235.2 249.7 Investment in trust 60.0 60.0 Other liabilities 12.5 5.6 Trade receivables 573.1 508.3 Government Grants 0.3 0.3 Cash and cash equivalents 14.8 21.8 Net employee defined benefit liabilities 2.2 2.3 Other Bank balances 24.2 15.9 Current tax liabilities (net) 0.0 3.1 Loans 4.2 6.0 Provisions 11.8 10.4 Other financial assets 3.3 10.2 Non-financial liabilities 27.4 40.8 Non Financial assets 28.9 38.5 Sub-total -Current Assets 1,039.3 981.0 Sub-total -Current liabilities 531.8 533.5 TOTAL -ASSETS 1,402.6 1,321.7 TOTAL -EQUITY AND LIABILITIES 1,402.6 1,321.7 33 As per IND-AS 3 Consolidated Profit & Loss Statement Particulars (Rs. Crores) FY19 FY18 Y-o-Y Total Revenue 1,055.5 835.1 26.4% Cost of Material Consumed 718.0 575.0 Employee Expenses 98.2 85.8 Other Expenses 126.9 81.3 EBITDA 112.4 93.0 20.8% EBITDA (%) 10.65% 11.14% Other Income 10.9 55.0 Depreciation 19.4 17.1 EBIT 103.9 130.9 -20.7% EBIT (%) 9.84% 15.67% Finance Cost 33.9 22.8 Profit before Tax 70.0 108.1 -35.3% Tax 20.2 23.5 Profit before Associate 49.8 84.6 -41.1% PAT % 4.72% 10.13% Profit / Loss of Associates 1.8 0.1 Profit after Tax 48.0 84.5 -43.2% PAT (%) 4.5% 10.12% Genus Trust hold shares in Genus Paper & Board Ltd. Normalised Profit after Tax 72.4 51.5 40.4% Hence, as per IND-AS, any PAT (%) 6.86% 6.17% changes in price will reflect at consolidated level. EPS 2.09 3.68 34 As per IND-AS 3 Consolidated Balance Sheet ASSETS (Rs. Crores) Mar-19 Mar-18 EQUITY AND LIABILITIES (Rs. Crores) Mar-19 Mar-18 Non-current assets Property, plant and equipment 176.9 165.5 Equity Share capital 23.0 23.0 Capital work-in-progress 1.6 1.9 Share Application Money Pending Allotment 0.0 0.1 Other intangible assets 1.1 1.2 Other equity 761.1 723.5 Investment in Associates 14.3 14.4 Sub-total -Shareholders' funds 784.1 746.5 Financial assets Non-current liabilities Investments 68.4 36.8 Financial liabilities Loans 30.3 53.9 Borrowings 25.1 16.3 Other financial assets 18.4 12.8 Other financial liabilities 9.1 5.8 Other non-current assets 13.4 17.7 Long Term Provisions 22.5 14.5 Deferred tax assets (net) 37.2 36.7 Government Grants 1.7 2.0 Net employee defined benefit liabilities 2.0 1.0 Sub-total -Non-Current Assets 361.7 340.9 Sub-total -Non-current liabilities 60.3 39.7 Current assets Current liabilities Inventories 206.7 195.6 Financial liabilities Financial assets Borrowings 242.3 221.4 Investments 159.2 182.4 Trade payables 235.2 249.7 Investment in trust 0.0 0.0 Other liabilities 12.5 5.6 Trade receivables 573.1 508.3 Government Grants 0.3 0.3 Cash and cash equivalents 14.8 21.8 Net employee defined benefit liabilities 2.2 2.3 Other Bank balances 24.2 15.9 Current tax liabilities (net) 0.0 3.1 Loans 4.2 6.0 Provisions 11.8 10.4 Other financial assets 3.3 10.2 Non-financial liabilities 27.4 40.8 Non Financial assets 28.9 38.5 Sub-total -Current Assets 1,014.6 978.8 Sub-total -Current liabilities 531.8 533.5 TOTAL -ASSETS 1,376.2 1,319.8 TOTAL -EQUITY AND LIABILITIES 1,376.2 1,319.8 35 As per IND-AS Genus Power Infrastructures Limited CIN: L51909UP1992PLC051997 Mr. Ankit Jhanjhari ankit.jhanjhari@genus.in www.genuspower.com Strategic Growth Advisors Pvt. Limited CIN: U74140MH2010PTC204285 Mr. Shrikant Sangani / Mr. Mandar Chavan shrikant.sangani@sgapl.net / mandar.chavan@sgapl.net www.sgapl.net 36