ADAG Live Presentation_18 Sept

7/29/2019 ADAG Live Presentation_18 Sept

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Reliance ADA Group

CLSA Investors Forum

Hong Kong

September 2007


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2 of 87 confidential

Forward looking statements Important NoteThis presentation and the discussion that follows may contain forward looking

statements by Reliance ADA Group (Reliance ADAG) that are not historical in nature.

These forward looking statements, which may include statements relating to futureresults of operation, financial condition, business prospects, plans and objectives, are

based on the current beliefs, assumptions, expectations, estimates, and projections of

the directors and management of Reliance ADAG about the business, industry and

markets in which Reliance ADAG operates. These statements are not guarantees offuture performance, and are subject to known and unknown risks, uncertainties, and

other factors, some of which are beyond Reliance ADAGs control and difficult to predict,

that could cause actual results, performance or achievements to differ materially from

those in the forward looking statements. Such statements are not, and should not be

construed, as a representation as to future performance or achievements of Reliance

ADAG. In particular, such statements should not be regarded as a projection of future

performance of Reliance ADAG. It should be noted that the actual performance or

achievements of Reliance ADAG may vary significantly from such statements.


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Contents

Reliance ADA Group

Reliance Communications Reliance Energy

Reliance Natural Resources

Reliance Capital

Reliance Entertainment


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Reliance ADA Group

The vision of one man

If you can dream it

You can Do it

Our legendary founder

Sh. Dhirubhai Hirachand Ambani28th December 1932 - Forever


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Leadership Position in highest growth sectors

Film Production/Processing/Distribution Multiplexes FM Radio Stations Gaming & NetworkingPortals

Film Production/Processing/Distribution Multiplexes FM Radio Stations Gaming & NetworkingPortals

Exploration &Production

Coal Bed Methane Fuel Sourcing/Trading Transportation

Exploration &Production

Coal Bed Methane Fuel Sourcing/Trading Transportation

Mutual Funds Life/General Insurance Broking & Distribution Investments Consumer Finance

Mutual Funds Life/General Insurance Broking & Distribution Investments Consumer Finance

Infrastructure

Mumbai Metro Special Economic Zone Roads Bridges Real Estate Development

Infrastructure

Mumbai Metro Special Economic Zone Roads Bridges Real Estate Development

Generation Transmission Distribution Trading EPC

Generation Transmission Distribution Trading EPC

Mobile Wireless Enterprise Broadband Global Voice/Data Retail Stores

Mobile Wireless Enterprise Broadband Global Voice/Data Retail Stores

Over 100 million individual customers - 1 in every 10 Indians

7 million shareowners

100,000 young, trained and motivated people

Reliance ADA Group

Strong presence across high-growth consumer facing businesses


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Reliance ADA Group Key financials

Nil

Rs 6,000 Cr

Rs 10,000 Cr

Rs 41,000 Cr

Rs 50,000 Cr

Rs 175,000 Cr

Nil

$1.5bn

$2.5bn

$10bn

$12bn

$43 bn

-

# 4

# 3

# 3

# 3

# 3

Operating cash flow

Net worth

Assets

Market capitalization

Net debt

Profit after tax

Reliance ADA Group

Among Indias top 3 business groups


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Unprecedented value creation

Market capat June 2005

Market capat present

US$ XX bn11

xinc

rease

US$ 4 billion

US$ 43 billion

As on September 13, 2007

Reliance ADA Group

Value creation of US$40 bn in just two years


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80

100

120

140

160

180

200

220

240

260

280

Sep-06 Oct-06 Nov-06 Dec-06 Jan-07 Feb-07 Mar-07 Apr-07 May-07 Jun-07 Jul-07 Aug-07 Sep-07

Reliance Communications Reliace Energy Reliance Natural Resources Reliance Capital Sensex

All group companies have outperformed the Sensex

30%163%160%91%70%1 year returns

SensexReliance CapitalReliance Natural

ResourcesReliance EnergyReliance

CommunicationsAs of Sep 13, 2007

Share price performance (%)

Rebased to 100

Source: Bloomberg

Reliance ADA Group

Sensex


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High liquidity across group companies

5

5

MSCI

5

5

Sensex F&ONifty

Adlabs Films

Reliance Capital

Reliance Energy

Reliance Communications

5

5

5

5

5

5

Reliance ADA Group

Daily stock market turnover of Group companies >US$400 mn

Foreign portfolio investors own 20% in group stocks valued at US$ 8 bn


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10of 87 confidential

Reliance Communications


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The largest telecom growth opportunity in the world

Indian Telecom Sector

Lowest in the world2.5 mnBroadband subscribers

Second highest~ 471 minutesWireless Minutes of Usage

3rd

largest189 mnWireless subscribers

In the top 5229 mnTelecom subscribers

Global positionCurrent statusParameter

Source: COAI, AUSPI, TRAI

even after adding 200 mn subscribers over the last 4 years


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0.4% 1.1%

9.2%12.0%

15.3%

55.5%

0%

10%

20%

30%

40%

50%

60%

France Japan UK US China India

16.9%

37.3%

79.0% 79.2% 79.6%

117.0%

0%

20%

40%

60%

80%

100%

120%

140%

India China France US Japan UK

Among the lowest penetration rates in the world

Low wireless penetration Leading to strong revenue growth

Source: Merrill Lynch Global Wireless Matrix; March ended 1Q07 March ended 1Q07 over March ended 1Q06


Low penetration + High Revenue growth = Huge opportunity


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530

444

348

253

161

96

44%

38%

30%

22%

14%

9%

0

100

200

300

400

500

600

2006 2007 2008E 2009E 2010E 2011E

0%

10%

20%

30%

40%

50%

Mobile Subscribers (mn)

Penetration

Source: Industry estimates

Mobile subscribers expected to cross 500 mn in 3 years

Year end March 31


CAGR

35%

even then there will be 800 mn unserved people in India


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22

31

84

18

65

6659

6877

62

0

10

20

30

40

50

60

70

80

90

2003 2004 2005 2006 2007E

Net annual subscriber adds have now surpassed China

Net annual wireless additions (million)Net annual wireless additions (million)

Source: Industry research


Wireless subscribers India: 200 million vs. China: 500 million

China

India


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Among highest EBITDA margins globally

28.3%30.3%

33.2%35.1%

38.5% 40.1%41.4% 41.7% 42.2%

51.3% 51.8%54.0%

0%

10%

20%

30%

40%

50%

60%

70%

Briti

shTele

com

Deut

scheVe

rizon AT&T

Vodafone KPN Bh

artiTelstra

Reliance

Chin

aTelecom

Singtel

Chin

aM

obile

EBITDA Margins


despite the lowest tariffs


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Personal Business Enterprise Business Infrastructure BusinessGlobal Business

RCOM: Indias Largest Integrated Telecom Company


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Leading position in the Asian telecom market

36 mnUS$ 28 bnReliance Communications

48 mnUS$ 39 bnBharti Airtel

52 mn*US$ 39 bnSingtel

244 mnUS$ 45 bnChina Telecom

338 mnUS$ 269 bnChina Mobile

SubscribersMarket capOperator

* Includes proportionate customers of affiliates

Ranks among top 5 telecom companies in Asia


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Market capat March 2006

Market capat present

US$ XX bn

De-mergedentity M-capUS$ 20 bn

+21

0%

US$ 9 bn

US$ 28 bn

Among the 3 most valuable private sector companiesin India

Market Capitalisation

As on 13 September 2007

Created shareholder wealth of US$ 19 billion in 19 months


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Who do we serve?

Over 36 million customers in India

Over 1 million individual global customers

Over 200 major global carriers

Over 250 MNCs

Over 800 out of Top 1,000 Indian large enterprises

Over 10,000 Indian SMEs

Unparalleled customer franchise in India and globally


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Dominant position across multiple segments

# Largest mobile network in the country: 85% population coverageLargest carrier of wireless data: >60% market share

Largest in enterprise data services: >50% market share

Largest private PCO operator: >50% market share

Largest carrier of international voice: >40% market share

Largest IP enabled optic fiber cable network in the world

Largest retailer of wireless handsets

Largest independent wireless infrastructure provider

Youngest, Fastest, Largest


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Partnerships with global leadersNetwork IT

Best in class technologies


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Business Segments: Wireless


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One of the fastest growing wireless companies globally Among Indias top 2 operators with over 34 mn wireless subscribers

- Prepaid subscriber additions drive growth - 85% of total subscribers

Key Performance Indicators

- EBITDA margins among the highest in the industry ~40%...

- despite the lowest tariffs in the world

- backed by the highest Minutes Of Usage 500 million minutes per day

Wireless Business


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Unrivalled wireless multimedia platformReliance Mobile

World

Top 10 global operator on mobile data/content penetration

Homogenous usage across demographics and geographies

Over 200,000 Indian and international content titles

Widely used services - popular across all segments

Over 20 million multimedia enabled phones active

Only platform globally to support WAP, Java, BREW, BREWVLE, Windows Mobile and Blackberry

Platform, phones and network superiority

Click, Browse and Select

Multi-media content delivery available on the entire rangeof handsets

Unparalleled user experience in India

Wireless Business

>4 times data-enabled phones as all GSM handsets put together


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Largest distribution network of 2,000 exclusive retailstores & >500,000 third party retailers

Wireless Business

By far the largest retail distribution network in the industry

Channel Dimensions Largest chain of company

owned and franchised stores Provides high level of branding

and visibility

Services include

- Multi-city, multi-player gaming- High speed internet surfing- Video conferencing- Wireless activation

- Customer service support

- Branded Java Green coffee shop

Channel strength of 2000 distributor &>500,000 retailers

Presence in >23,000 towns


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Worlds largest network roll-out

Covering almost a billion Indians

- Towers portfolio up from 14,000 to 40,000

- Coverage from 10,000 to >23,000 towns- Population coverage expansion from 55% to 85%

- Almost 100% coverage of railway routes

- Almost 100% coverage of national highways

Ability to host on 8,000 third party towers rentfree for the first 5 years

Wireless coverage

Wireless Business

Coverage and connectivity leadership


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Business Segments: Global (Voice + Data)


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Moving up in the value chain from pure bandwidth provider to value

added service provider

Global Business

At the forefront of US$ 90 bn enterprise data opportunity

Will change the way the world communicates & does business

55%

45%

65%

5%

Margin: 15-30%

Margin: 30-60%Value added

services

Capacityservices

FY2003 FY2007

GlobalInfrastructure

Flag NGN - worlds largest IP network oversubmarine cable system

Capacity to carry 2.5 bn voice calls, 300 mn

web chats and 52 mn video chats

CustomerRelationships

Over 200 international telco customers of FLAG 1,000 enterprise customers of Yipes 850 out of 1,000 corporates in India


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Significant asset base drives leadership in voice and data segments

Global Business

Worlds largest IP enabled optic fiber cable

230,000 Rkms of submarine and terrestrial optic fiber cable


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Leadership position in voice

- #1 International wholesale carrier

- #1 ILD and NLD operator in India

- #1 US to India calling service for retail

customers

Largest carrier of international voice: >40%market share

Only Indian company with > 1 million retail

customers in the US

Clients include several international

industry leaders and telcos

Achievements

Global Business

Acquired leadership rapidly across all segments


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Yipes is a leading Ethernet services company in the US

Yipes is highly profitable, with gross operating margins at 55% Plan to further expand Yipes network in US and in 40 new markets globally

Yipes Acquisition

RCOMs acquisition of Yipes to accelerate growth

9 22,000 Metro RKms

9 Demand growth: 32% p.a.

9 Acquired at an attractiveprice of US$ 300 mn

Los Angeles

Seattle

San J ose

San Francisco

San Diego

Miami

Houston

Dallas

Denver

ChicagoBoston

New YorkPhiladelphia

Washington DC


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Business Segments: Enterprise


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Market to grow by US$ 8 bn in the next 3 years alone

Broadband market segment revenue (US$ Bn)

Household SMB + SME Enterprise

FY06 FY09F

US$ 5.5 bn

US$ 13 bn

+US

$8bn

Source : Industry Report

Enterprise Business

Underserved market: Provides strong growth opportunity


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BFSI SegmentIT/ ITES Segment Media Segment

Strong in-roads into marquee accounts

Enterprise Business

representing leading players in the largest usage verticals


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FMCG Segment Services Segment Telecom Operators

850 of Top 1,000 Indian enterprises are our customers

Enterprise Business

Winning >50% of new business generated in the segment


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Achievements

Fiber

Ring Meshed Core

Atlantic

Pacific

>50% market share in highest growth dataproducts

- Internet data centers- Centrex solutions: virtual, multi-location PBX

- Virtual private networks

>600,000 buildings connected to our fibernetwork, to cross 1 mn by year end

Deploying Broadband and WiMax networkin top 10 cities in the country to cover 4

million SMEs

Enterprise Business

From start up to leading enterprise data franchise in 1st year


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RCOM Financials

RCOM Fi i l


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108

772

FY06 FY07

620

1,395

FY06 FY07

2,625

3,530

FY06 FY07

Revenue, EBITDA & Net Profit (US$ Mn)

Revenue

+34

%

EBITDA

+126

%

Net Profit

Highlights

+600

%

RCOM Financials

Consistent & Substantial increase in profitability

RCOM Fi i l


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98

125

171

226

250

301

Q4FY06 Q1FY07 Q2FY07 Q3FY07 Q4FY07 Q1FY08

2.5X PAT growth in 5 quarters...

Consistent Performance

138%301RelianceCommunications

35%263InfosysTechnologies

GrowthQ1 FY08 PAT(US$ Mn)

TCS

Bharti Airtel

Reliance Industries

293

372

796

100%

36%

28%

3rd highest in India

(US$ Mn) (US$ Mn)

Youngest company to achieve >US$ 300 mn quarterly PAT

RCOM Financials

RCOM Fi i l


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Strong Financial Platform

Total Assets US$ 13,659 mn

Net worth US$ 5,610 mn

OperatingCash Flow

US$ 1,463 mn*

*15 months period

Net debt to equity at 0.1 potential to borrow US$ 12 bn for growth

Raised US$ 2.5 bn, including US$ 1.5 bn through FCCBs

ROE 36%#

RCOM Financials

#1Q annualized and adjusted


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Key Recent Developments

Value Unlocking Initiatives


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5% of Towerco placed with major global investors Valuation Achieved

- Equity value of US$ 6.75bn

- Translates to Rs 135 per RCOM share- Capital gains of US$ 300 mn


From 14,000 to 40,000 towers in six months

Towers built for passive infrastructure sharing

- Ability to initially host 4 tenants

- Expandable to 7 tenants at marginal cost

Optic fiber connectivity across all towers

RCOM is the anchor tenant through variousplatforms: CDMA, GSM, WiMAX, etc

Underleveraged net worth of US$ 1.2 bn



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BPO

FLAG

Special Economic Zone


Key mantra - Maximisation of shareholder value

Worlds largest IP network oversubmarine cable system

RCOM plans private placement

to unlock value

Strong capability to service BFSI, telecom &

utilities sector

Competency in front & back office operations

More than 8,000 strong people

40 acres SEZ in Mumbai

Strong interest from leading IT/ITES

companies to set up operations

Government approvals already received

Planned launch of DTH & IPTV


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India has 110 million TV households of which 50%are not connected through cable or DTH

Our DTH services will tap this opportunity

This modern network will provide DVD quality pictureand better viewing experience

DTH Network to launch before end of 2007

IPTV services to be launched in top cities

IPTV to provide interactive TV & Video servicesusing our existing Ethernet network

Our customers will enjoy movies and music ondemand, interactive programme guide andgaming

Planned launch of DTH & IPTV


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RCOM: Looking Ahead

India among the most attractive growth markets in the world

RCOM is Indias only integrated telecom company

RCOM to have worlds largest network covering a billion people in morethan 23,000 towns and 600,000 villages

RCOM is the most profitable telecom company in India with EBITDAmargin >42%

RCOM has an underleveraged balance sheet with the ability to financefuture growth through debt

The journey of growth has just begun


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Reliance Energy


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Indian Power Sector

Current Installed capacity of approx 135,000 MW only

Low per capita consumption of 600 kWh vis--vis world average of

2,510 kWh

Huge Demand Supply Gap

- Blackouts are common

- Power supply for a few hours in large parts of the country- Major cities not served with reliable power supply

- Rural India not even on the horizon

Power has multiplier impact on economic growth

Over US $ 100 bn investment required in the generation sector to

achieve Govt. target of per capita consumption of 1000 KWh by 2012

Power for AllLarge Opportunity given existing shortages


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Indian Power sector comparison with China Growth Story

622

517

441

391357339

319

132124118113102 105108

0

100

200

300

400

500

600

700

2000 2001 2002 2003 2004 2005 2006

InGigaWatts

China India

Over 100,000 MW

added in 2006

12%4%Power Sector Growth rate

1380600Per Capita Consumption (per kWh)

260,00022,000Capacity Addition in past 5 years

ChinaIndia


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Parallel from Telecom

0

10

20

30

40

50

6070

80

90

2003 2004 2005 2006 2007E 2008E 2009E 2010E

China India

Net annual additions in wi reless subscribers (million)Net annual additions in wi reless subscribers (million)

Source: Industry research

480195Mobile Subscribers (mn)

37%18%Teledensity

ChinaIndia

Net subscriber additions in India now exceed that in China


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Indian Power Sector: An attractive opportunity

Appropriate Regulatory framework in placeto attract private investments

Huge demand / supply mismatch

Lack of adequate financial resources withthe government to create adequate

capacity

Unlimited market for competitively pricedpower

Huge opportunity

for

private sector


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Indias No. 1 integrated private powerutility company

Presence in entire value chain ofGeneration, Transmission, Distribution andTrading

Distributes over 5000 MW including toptwo cities i.e. Mumbai & Delhi

Strong Project Management and EPCexperience Order book over US$ 1.3 bn

Now diversified into Infrastructure projects

Overview

Fully integrated Utility & Infrastructure company


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REL Initiatives


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Develop future power generation assets in India and overseas

across fuel type

- Coal- Gas

- Hydro

- Renewable

- Nuclear

Current Plan

- Develop, construct and operate 25,000 MW of generating

capacity

- One of the largest development pipelines in the world

Generation

Significant growth opportunity in a power starved economy


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Diversity across fuel type coal, gas

and hydro

Diversity of fuel supply sources

pithead coal, domestic gas and

imported fuels

Diversified locations 12 projects

located in 5 states across India

Risk diversification fuels, locations,

offtake, technology, vendors, financing

10280 MW

42%

10620 MW

44%

3300 MW

14%

Coal Gas Hydro

Attractive and Diversified Portfolio

Diversified portfol io in an attractive sector

Fuel Diversity


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Transmission Sector is now open to 100% private

equity participation

Only 3 private sector players intransmission space

Lowest bidder in first 100% privatesector participation project

Will develop 2,000 ckms.(US$ 700 mn)

14 ultra mega transmission projectsannounced for private sector

participation (US$ 7 bn)

Integrate with generation assetsportfolio

To be the largest private sector player


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Phase 1 of Mumbai Metro Corridorproject is under construction

- 12 kms of elevated corridor with project

cost : US$ 600 million- Concession period of 35 years

Phase II of Mumbai Metro Corridor hasbeen bid

- 32 kms stretch with estimated projectcost US$ 1.5 bn

Qualified for bidding for Hyderabad Metro(US$ 3 bn) and Delhi Airport link (US$ 1bn)

7 additional lines in Mumbai will beshortly available for bidding (US$ 5 bn)

Infrastructure : Transportation

Only private sector player in India..


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Infrastructure: Highways Largest developer in the Highway Projects

- Developing 5 projects covering > 400 kms

- Project Cost of US$ 800 mn

- Largest road project of over 136 kms

Pursuing Mega Projects

- Jaipur Ring Road : Project Cost of US$ 1.5 bn(Awarded on Swiss Challenge basis)

- Western Freeway Sea Link : Project Cost ofUS$ 1.3 bn (One of the two short listed parties)

Indias largest road projects company on BOT basis


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Real Estate Developing a Trade Tower & Business

District over 80 acres of land in

Hyderabad- Will have 100 storeys tower

- Project cost of US$ 1.6 bn

- Built-up area of 11 mn sq ft.

- Phase I : 5.5 mn sq ft to be completed in

4 years

Initiated the real estate foray..


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0.7

0.8

FY06 FY07

146

185

FY06 FY07

1,033

1,513

FY06 FY07

Revenue, Net Profit & EPS (US$ mn)

Revenue

+46%

Net Profit

+

27%

EPS

+14%

Financial Highlights

New projects to drive growth


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Financial Strength

Net worth in excess of US$ 2.0 bn

Debt free at net level

Cash & Cash equivalent of US$ 2.5 bn

Enjoys top-end rating of AAA and IndAAA assigned by CRISIL and FITCHrespectively

Strong financials to support growth ambitions


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Reliance Natural Resources


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A complete fuels company in the making Youngest business in Reliance ADA Group

Demerged as Gas Power Undertaking Business,

supplying gas to power plants Dealing in natural resources including:

- Natural Gas, LNG, CBM

- Coal

- Liquid & other fuels Activities:

- Production

- Sourcing and Supply

- Transportation (Pipelines)- Distribution

An integrated fuel Company


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Exploration and Production

Coal Bed Methane

Maiden foray in E&P Sector

Won 4 out of 10 blocks offered by Govt

2nd Largest CBM player in India in terms

of acreage

- Area : 3251 Sq. Km

Oil & Gas

Secured 1 Block in Mizoram

- Area : 3691 Sq. Km

Total acreage 7,000 sq kms


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Natural Gas Pipeline Cross country pipeline to facilitate

complete fuel management services

Applied for 1,600 Km pipeline- Kakinada (A.P.) to Dadri (U.P.)

- Among longest pipeline in the country

- Investment of over US$ 3.9 bn

States Covered Andhra Pradesh,

Maharashtra, Madhya Pradesh and

Uttar Pradesh

To cover India through single pipeline


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City Gas Distribution

Applied for CGD Networks in

Mumbai, Delhi and the National

Capital Region

Integrated approach for Gas and

Power in India

Common facilities to reduce cost

and increase customer comfort


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Coal related activities Responsible for Coal Supply to 500 MW

Dahanu Power Plant

- 500,000 Tonne Coal Imported in 2006-07- Agreement for washing 2.4 mn tones/Yr

RNRL will undertake Mine Development& Coal Transportation

- Group companies applied for 8 blocks

- Complete Fuel Management Services togroup companies and others

Success in Sasan Ultra Mega Power

Project will create opportunity to provide

solutions for >10 mn tonnes of coal p.a.

Poised to capitalise on the growing opportunity


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Reliance Capital

Reliance Capital


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Right mix for growth

Robust GDP growth - 9.2%

Increasing per capita income FY09E US$ 1,050

Rising savings rate - 32%

Young population Median age 25 years

Low penetration 55% savings in bank deposits

US $ 1 trillioneconomy

US $ 320 billionsavings

Demand for financialproducts & services

Robust growth, savings rate & attractive demographics

Reliance Capital


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Low penetration

Only 3% population invests in mutual funds & 1% in equities

Population1100 mn

Bank A/cs

320 mn30 mn

DepositoryAccounts

Mutual FundsAccounts

9 mn

Reliance Capital


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33% of US population invests in mutual funds, India barely 3%

Mutual funds AUM barely 12% of banking deposits

Life insurance market expected to grow @ 35% CAGR over next

3 years to US$ 72 billion

Only 4.9% of household sector financial savings invested in

equity/equity related assets

Penetration of retail credit, amongst lowest globally, only 10%of GDP, as against 37% in Malaysia

High Potential

Low penetration offers tremendous opportunity for growth

Reliance Capital


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Business mix

R

ELIANCE

CAPITA

L

ASSETMANAGEMENT

INSURANCE

BROKING &

DISTRIBUTION

CONSUMERFINANCE

Private equity Investments &proprietary trading

Mutual Fund Portfolio Management Offshore fund

Life Insurance General Insurance

Stocks &

Derivatives

CommoditiesFx & offshore

Investments

Third party

products

Mortgages Personal Loans Vehicle Loans SME Finance

INVESTMENTS

Creating Indias leading financial superstore

Reliance Capital


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Indias fastest growing financial services company

Indias #1 mutual fund

Among the top 2 general insurers and top 5 life insurers Indias most competitive online broker

6 million customers

Unparalled distribution network with 5,000 branches/outlets &200,000 distributors in over 700 towns/cities across India

13,500 employees Average age of 29 years

Among Indias 20 most valuable private sector companies

..targeting leadership in all its businesses

Asset Management


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Largest Indian mutual fund- AUM - US$ 17 billion

Largest mutual fund customer base 4 million customers

6 fold increase in AUM & investor base over last 2 years

Reliance Growth fund & Reliance Vision fund ranked no. 1 & 2 over a 5 year

time period among 13,771 ranked globally by Lipper

Ranked Indias most trusted mutual fund brand, 2 years in a row

Only 100% owned Indian private sector mutual fund

Indias #1 Mutual Fund

Life Insurance


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Among top 5 private life insurers

Only 2nd life insurance company in

India to receive ISO certification

382% - YoY growth in FY07

Reach across 700 cities with 130,000 agents

Only 100% Indian owned private sector

life insurer

Indias fastest growing life insurance company

General Insurance


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Among Indias top 2 private general insurers

Over 1 million retail customers

Corporate customers range across sectors

ports, steel, power plants, railways etc.

Strong reinsurance network GIC, Scor Re,

Allianz, Mitsui Sumitomo, Helevtia 462% - YoY growth in FY07

Only 100% Indian private sector general

insurance company

Indias fastest growing general insurance company

Broking & distribution


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Convenient & effective Anytime & anywhere

financial transaction capability Launched in April 2007

Flat fees

150,000 customers within 5 months

4,000 outlets across 700 towns/cities

Average daily turnover US$ 300 million

Indias most competitive online broker

Consumer Finance


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Mortgages, Vehicle loans, Personal

loans, Small & medium enterprise

loans

Launched in May 2007

10 branches

1200 distributors

Net interest margin 4%

Disbursals of US$ 400 million within 3 months of launch

Reliance Capital


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Financial performance

235

528

FY06 FY07

140

173

FY06 FY07

Revenue, Net profit & Net worth

Revenue

(US$ million)

+126%

Net profit

(US$ million)

Net worth

(US$ billion)

1.0

1.3

'Jun-06 'Jun-07

+23%

+

30%

Low leverage Debt: Equity ratio 0.44

Unrealized gains of US$ 850 million on listed investments


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Movies


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102 multiplex screens, with aggressive

expansion underway #1 in Hindi film processing market, with

over 70% market share

Strong presence across the value chain:

Production, Processing, Distribution andExhibition

Produced some of the most successful

programs in the television entertainment

Indias largest integrated movie venture

FM broadcasting


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45 FM licenses in 45 cities acrossIndia, including all metros

33 stations already launched

#1 position in 29 of them

Listenership of over 15 million

Indias largest private FM radio venture

Online gaming


82/87


More than 1 million registered users

acquired in first 4 months of launch

Current user base of 3 million

Vibrant youth brand

Four gaming cafes launched in Pune,Bangalore, Hyderabad and Chennai more

than 100 cafes in 30 cities planned in FY08

MMOG launch in 3Q FY08

#1 online gaming portal in South Asia

Web 2.0 social networking


83/87


Indias very own social networking

platform for web and mobile Web 2.0 technology framework for

user-generated content

Innovative and comprehensive product

with unique youth centric appeal

Registered user base of 0.5 millionwithin 2 months of launch

Launch on mobile platform planned in3Q FY08

Indias unique social network targeting youth

Home movie distribution


84/87


Movie download and rental services, aimedto redefine home entertainment business

- Movie download portal launched in August2007

- DVD rental services to start in September2007 in Pune, Hyderabad and Chandigarh

Distribution through national retail chain of

500 outlets in 3 years

Largest integrated movie rental service in India



85/87


Indias largest integrated media and entertainment venture


86/87


Reliance ADA Group: Key takeaways

Among top 3 business groups in India

Leadership position in highest growth sectors:

- 100 million individual customers

- 7 million shareowners and

- 100,000 young trained and motivated people

Handsomely rewarded investors with additional value creationof more than US$ 40 billion in two years

Our key mantras: Profitable growth and maximisation ofshareholder value


87/87

Thank you

September 2007

Documents

ADAG Live Presentation_18 Sept