Adani Energy Solutions Ltd · NSE:ADANIENSOL
Adani Energy Solutions — Adani Transmission — Q3 FY2023 Earnings Presentation
34 slides from Adani Energy Solutions's earnings presentation, February 2023
Slide 1: Adani Transmission Limited Q3FY23 Results Presentation
Adani Transmission Limited Q3FY23 Results Presentation February 2023
Slide 2: Contents
CONTENTS 04-07 Adani Portfolio and ATL 04 09 09 Executive Summary – Q3FY23 09 Financial Highlights – Q3FY23 11-14 (YoY) 11 16 Awards and Recognitions 16 Annexure – Q3FY23 19-21 Operational Highlights (YoY) 19 Operational and Under- 23 23-24 construction Asset Portfolio 26-32 ESG Framework 26
Slide 3: Adani Portfolio Overview
Adani Portfolio Overview
Slide 4: Adani: A World Class Infrastructure & Utility Portfolio
Adani: A World Class Infrastructure & Utility Portfolio ~US$ 222 bn1 Combined Market Cap Infrastructure and Utility Primary Industry Emerging B2C Flagship Core Portfolio Materials, Metal & Incubator Energy & Utility Transport & Logistics Direct to Consumer Mining (60.8%) (63.2%) (72.6%) (74.2%) (65.
Slide 5: Adani: Decades long track record of industry best growth with national footprint
Adani: Decades long track record of industry best growth with national footprint Secular growth with world leading efficiency National footprint with deep coverage Growth 3x Growth 5x Core Portfolio EBITDA 70% 1,2 EBITDA 92% 1,4 Utility 92% Transport 85% Consumers ~400 mn Served AEL Growth 3x Growth
Slide 6: Adani: Repeatable, robust & proven transformative model of investment
Adani: Repeatable, robust & proven transformative model of investment Phase Development Operations Post Operations Origination Site Development Construction Operation Capital Mgmt Analysis & market Site acquisition Engineering & design Life cycle O&M Redesigning the capital intelligence planning str
Slide 7: A platform well-positioned to leverage growth opportunities in T&D business
ATL: A platform well-positioned to leverage growth opportunities in T&D business Execution Prowess Strategic Presence Balanced pool mix Transmission Network of Transmission - Presence in 13 states Development with 31 transmission projects Transmission(3): 18,795 ckm(1) 52% of EBITDA - Central pool D
Slide 8: Executive Summary – Q3FY23
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Executive Summary – Q3FY23 14
Slide 9: Executive Summary – Operational and Financial Performance Q3FY23
ATL: Executive Summary – Operational and Financial Performance Q3FY23 Operational Update: Other Key Updates and Awards: – Operated transmission lines upwards of 99.75% – Adani Transmission wins The Global Sustainability Leadership Award in ‘Best Sustainable Strategies - Power – Added 371 ckms in Q3F
Slide 10: Financial Highlights – Q3FY23 YoY
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Financial Highlights – Q3FY23 YoY 14
Slide 11: Consolidated Financial Highlights Q3FY23 YoY
ATL: Consolidated Financial Highlights Q3FY23 YoY Operational Revenue EBITDA (In Rs Cr) 3037 1708 1325 2623 Q3FY22 Q3FY23 Q3FY22 Q3FY23 Cash Profit PAT 955# 478# 714 277 Q3FY22 Q3FY23 Q3FY22 Q3FY23 11 Note: #Consolidated PAT of Rs 478 Cr and Cash Profit of Rs 955 Cr includes one-time income of Rs 19
Slide 12: Segment–wise Financial Highlights Q3FY23 YoY
ATL: Segment–wise Financial Highlights Q3FY23 YoY Operational Revenue Operational EBITDA (In Rs Cr) 2104 859 762 1797 459 933 406 826 Transmission Distribution Transmission Distribution Q3FY22 Q3FY23 Q3FY22 Q3FY23 PAT Cash Profit 461# 710# 470 239 244 245 38 18 Transmission Distribution Transmission
Slide 13: Transmission Utility - Revenue and Operating EBITDA Bridge Q3FY23 YoY
ATL: Transmission Utility - Revenue and Operating EBITDA Bridge Q3FY23 YoY (In Rs Cr) Revenue (excluding incentive) up 12.5% supported by Operating EBITDA up 12.6% driven by strong revenue revenue contribution from new line elements 101 106 5 ( 10 ) 19 (24) 909 859 808 762 Q3 FY23 Newly operational
Slide 14: Distribution (AEML+MUL) - Revenue and Operating EBITDA Bridge Q3FY23 YoY
ATL: Distribution (AEML+MUL) - Revenue and Operating EBITDA Bridge Q3FY23 YoY (In Rs Cr) Revenue up 17% driven by higher energy demand Operating EBITDA increased by 13% 308 6 1 212 ( 73 ) 118 (2) (7) ( 14 ) ( 188 ) 2,104 1,797 459 406 Q3 FY23 Fuel adjustment Sale of energy & Wheeling charges Transmi
Slide 15: Awards and Recognitions
Awards and Recognitions
Slide 16: Recent Awards & Achievements
ATL: Recent Awards & Achievements Enlightened Growth Leadership Platinum Award Winner in The The Global Sustainability Leadership Award Award 2022 for best-in-class Asset ESG Corporate Awards in ‘Best Sustainable Strategies - Power sustainable business practices 2022 Industry’ from World Sustainabil
Slide 17: Annexure
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Annexure: – Operational Highlights – Q3FY23 YoY – ATL asset portfolio – ESG framework 22
Slide 18: Q3FY23 Operational Performance (YoY)
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Q3FY23 Operational Performance (YoY) 14
Slide 19: Transmission Utility – Key Operating Metrics Q3FY23 (YoY)
ATL: Transmission Utility – Key Operating Metrics Q3FY23 (YoY) Transmission Network length(2) (ckm) Power Transformation Capacity(2) (MVA) 18,795 18,567 40,001 38,641 Transformation capacity increased Marginal network 3.5% during the period addition during the due to commissioning period of new sub-
Slide 20: Distribution Utility (AEML) – Key Operating Metrics Q3FY23 (YoY)
ATL: Distribution Utility (AEML) – Key Operating Metrics Q3FY23 (YoY) Supply Reliability (ASAI) (%) SAIDI (mins), SAIFI (nos.) and CAIDI (mins)(1) SAIFI SAIDI CAIDI 99.996% 99.995% 34.56 27.23 Consistent Maintained supply improvement in reliability of more reliability than 99% parameters 6.59 4.22 0
Slide 21: Distribution Utility (AEML) – Key Operating Metrics Q3FY23 (YoY)
ATL: Distribution Utility (AEML) – Key Operating Metrics Q3FY23 (YoY) Consumer base (million) Distribution Loss (%) E-payment (% of total collection) 3.10 3.06 74.87% Increase in 6.53% Improving 69.99% E-payments consumer base consistently due remains strong 5.60% reflecting AEML to focused loss wit
Slide 22: ATL – Operational and Under-construction Asset Portfolio
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission ATL – Operational and Under- construction Asset Portfolio 14
Slide 23: ATL’s Operational Asset Portfolio as of Q3FY23
ATL’s Operational Asset Portfolio as of Q3FY23 Adani Transmission Limited 100% 100% 75% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% ATSCL & WTGL, PPP Bikaner Obra-C Lakadia WRSS – Jam ATIL MEGPTCL AEML MUL ATBSPL ATRL RRWTL CWRTL FBTL GTL APTL STL Khetri Bada
Slide 24: ATL‘s Under-construction Asset Portfolio as of Q3FY23
ATL‘s Under-construction Asset Portfolio as of Q3FY23 Adani Transmission Limited Since ATL’s evolution its Transmission Network 100% 100% 100% 100% 100% 100% 100% (ckms) has grown 3.4x and expanded into MP Kharghar NKTL WKTL HVDC# Khavda Karur Distribution businesses Package II - Vikhroli ATL’s “Gri
Slide 25: ESG Framework
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission ESG Framework 08
Slide 26: ESG Framework
ATL: ESG Framework United Nations GHG Protocol SBTi Global Compact Guiding IR framework Policies Guiding Principles and TCFD CDP disclosure principle reporting Disclosure Standards UN Sustainable GRI Standards Development Goals Policy Structure Focus Areas ESG • Environment Policy UNSDG aligned: E •
Slide 27: Key Environmental Indicators and Milestones
ATL: Key Environmental Indicators and Milestones Key Performance Indicators Current Status Baseline Medium to Long-term Targets Energy Mix & Emission Intensity - RE share in power procurement AEML has achieved 28% renewable in power mix as of Nov’22 3% 30% by FY23 60% by FY27 The target for GHG emis
Slide 28: Social Philosophy and Focus Areas
ATL: Social Philosophy and Focus Areas Our social Initiatives are mapped to UNSDG 2030 • Physical infrastructure and e-learning platform in rural areas Access to Education • Educational Kits (2830 students benefited) & School Uniforms Tiroda, Dahanu and to Anganwadi children (5780 students benefited
Slide 29: Key Social Indicators and Milestones
ATL: Key Social Indicators and Milestones Target Material Categories Material Themes Key Performance Indicators Baseline (FY22-23) Zero Rate of fatalities per million hours worked Zero (FY 20-21) Work related injury Rate of recordable work-related injuries per million man-hours 0.33 Zero worked (FY
Slide 30: Governance Philosophy and Focus Areas
ATL: Governance Philosophy and Focus Areas Policies Committees Assurance • Corporate Responsibility Committee • Environment Policy covered in BR Policy • Risk Management Committee Corporate Responsibility Committee • Corporate Social Responsibility Policy • Corporate Social Responsibility Committee
Slide 31: Key Governance Indicators and Milestones
ATL: Key Governance Indicators and Milestones Material Categories Material Themes Key Performance Indicators Baseline Actions Taken and Goals 16.6% - women Board Gender Balance the board composition in terms of men • % of women directors in board improved to Board Gender Diversity directors in board
Slide 32: Enhanced Safety Culture
ATL: Enhanced Safety Culture Safety Initiatives During Q3FY23 Safety Performance in Q3FY23 • Safety training: 60,305 man-hours of safety training and awareness during Q3FY23 Transmission Distribution (AEML) • Positive Safety Culture: Safety Parameters Q3FY23 Q3FY22 Q3FY23 Q3FY22 o Enhanced safety aw
Slide 33: Legal Disclaimer
Legal Disclaimer The information contained in this presentation is provided by Adani Transmission Limited (together with its subsidiaries, the “Company” or “ATL”) to you solely for your reference and for information purposes only. This presentation is highly confidential and is being given solely fo
Slide 34: Thank You
C Transmission adan © =; > gx Me © = -_ pase NOS aSZAN V4 aX J x