Adani Enterprises Limited · NSE:ADANIENT
Adani Enterprises — 9M FY25 Earnings Presentation
56 slides from Adani Enterprises's earnings presentation, Jan 30, 2025
Slide 1: Cover letter to stock exchanges
30th January, 2025 BSE Limited National Stock Exchange of India Limited P J Towers, Exchange plaza, Dalal Street, Bandra-Kurla Complex, Mumbai – 400001. Bandra (E), Mumbai – 400051. Scrip Code: 512599 Scrip Code: ADANIENT Sub: Submission of Media Release and Investor Presentation on Unaudited Financ
Slide 2: Annexure A: Media Release - 9M FY25 results
Annexure A Media Release Adani Enterprises Ltd announces 9M FY25 results Consolidated EBITDA increased by 29% to Rs. 12,377 cr Consolidated PBT increased by 21% to Rs. 5,220 cr Incubating Businesses EBITDA up by 77% to Rs. 7,674 cr Synopsis Consolidated financial highlights 9M FY25 (YoY) • Revenue i
Slide 3: Consolidated Financial Highlights
operational excellence, innovation and sustainability as we continue to set new benchmarks across sectors. With each milestone, AEL reaffirms its commitment to creating long-term value for its stakeholders while contributing to India's progress and global competitiveness." Consolidated Financial Hig
Slide 4: Business Updates
Business Updates Adani New Industries (ANIL - Green Hydrogen Ecosystem) Solar manufacturing • Module sales records ~3.3 GW during nine months on back of export growth of 20% and domestic sale increase of 176% • EBITDA margins continue to rise on account of improved realization and operational effici
Slide 5: About Adani Enterprises Ltd
About Adani Enterprises Ltd Adani Enterprises Limited (AEL) is the flagship Company of Adani Group, one of India’s largest business organisations. Over the years, AEL has focused on building emerging infrastructure businesses, contributing to nation-building and divesting them into separate listed e
Slide 6: Adani Enterprises Ltd 9M & Q3 FY25
Annexure B Adani Enterprises Ltd 9M & Q3 FY25 Earnings Presentation
Slide 7: Results at glance
Nine months ended AEL : Consolidated Financial Highlights (YoY) ` In crores Results at glance Total Income 6% EBITDA 29% PBT 21% 72,763 5,220 68,651 12,377 4,319 47% 114% 17,068 25,170 9,591 77% 7,674 1,875 4,016 4,339 51,583 47,593 2,444 5,252 4,703 1,204 9M-24 9M-25 9M-24 9M-25 9M-24 9M-25 Establi
Slide 8: Incubating Business Growth
Nine months ended AEL : Incubating Business Growth ` In crores ANIL AAHL ARTL Green Hydrogen Ecosystem Airports 43% Roads 50% Total Income Total Income Total Income 10,575 cr +77% 7,393 cr +26% 7,202 cr +38% EBITDA EBITDA EBITDA 3,666 cr +121% 2,527 cr +42% 1,481 cr +63% Emerging core infra business
Slide 9: Content
Content 01 02 03 Adani Group Company Business Overview Profile Highlights 04 05 06 Operational Financial Debt Performance Highlights Profile 07 ESG Highlights Appendix
Slide 10: Adani Group Overview
Adani Group Overview
Slide 11: Adani Portfolio: A World class Infrastructure & Utility portfolio
Adani Portfolio: A World class Infrastructure & Utility portfolio Flagship Infrastructure & Utility Core Portfolio Primary Industry Emerging B2C Materials, Metal Direct to Incubator Energy & Utility Transport & Logistics & Mining consumer (100%) (100%) (73.97%) (100%) (50.00%) (100%) (100%) Copper,
Slide 12: Adani Portfolio: Decades long track record of industry best growth
Adani Portfolio: Decades long track record of industry best growth with national footprint Secular growth with world leading efficiency National footprint with deep coverage Growth 3x 6 Growth 4x 6 EBITDA 71% 1,2,3 EBITDA 92% 1,3,4 AEL APSEZ Growth 3x 6 Growth 1.4x AGEL Adani’s Core Infra. Platform
Slide 13: Adani Portfolio: Repeatable, robust & proven transformative model
Adani Portfolio: Repeatable, robust & proven transformative model of investment DEVELOPMENT OPERATIONS CONSUMERS 1 New C.E.O. Adani Infra (India) Limited (AIIL) Operations (AIMSL) Consumer I Employees I Other Stakeholders Origination Site Development Construction Operation Inspired Purpose & Value C
Slide 14: Company Profile
Company Profile
Slide 15: AEL: A successful incubator
AEL: A successful incubator Attractive Incubation Record Green Hydrogen Ecosystem Business Model Proven incubation success record Integrated manufacturing for B2B Model Development generating low-cost green hydrogen ANIL Ecosystem, Data Center, Roads Year 2015 > APSEZ, APL & AESL B2C Model Ingots, w
Slide 16: AEL: Portfolio of businesses with long term growth potential
AEL: Portfolio of businesses with long term growth potential AEL Business Portfolio Infrastructure & Utility Core Portfolio Emerging B2C Primary Industry Direct to Metals Energy & Utility Transport & Logistics Services consumer New Industries Food FMCG1 Mining Services Copper Airports (End to end Gr
Slide 17: Business Highlights
Business Highlights 12
Slide 18: Business Highlights
AEL : Business Highlights Green Hydrogen Ecosystem - ANIL ❑ Module sales records ~3.3 GW during nine months on back of export growth of 20% and domestic sale by 176% ❑ 3.3 MW WTG model got listed in RLMM, taking ANIL Wind business offerings to four listed WTG models Data Center – ACX ❑ Phase I of Hy
Slide 19: Adani Wilmar Ltd (AWL) – Transaction Update & Its Impact
Adani Wilmar Ltd (AWL) – Transaction Update & Its Impact Pursuant to approval in Board Meeting on 30th December 2024: • AEL, ACLLP and Lence entered into an Option Agreement, which provides for up to 31.06% shares held by ACLLP in AWL • Adani nominated Directors stepped down on the same date from Bo
Slide 20: Business Updates
Business Updates 15
Slide 21: Energy & Utility – Adani New Industries Ltd (ANIL)
AEL : Energy & Utility – Adani New Industries Ltd (ANIL) Integrated Manufacturing Plant Capacity Status Solar Cell & Module 2.0 GW ▪ Module & Cell line operational (TopCon) Cell & Module 2.0 GW ▪ Module & Cell line operational (MonoPerc) Ingot & Wafer 2.0 GW ▪ Operational Module sales increased by 7
Slide 22: Energy & Utility – Adani New Industries Ltd (ANIL) wind
AEL : Energy & Utility – Adani New Industries Ltd (ANIL) Capacity Description Integrated Manufacturing Wind ▪ ISO 9001:2015 (Nacelle Plant) certification 1.5 GW ▪ IECRE-IEC (for global WTG supply) India’s largest ▪ Cumulative Order book at 254 sets capacity WTG 5.2 MW ▪ 104 sets supplied during 9M-2
Slide 23: Energy & Utility – ACX (Data Center)
AEL : Energy & Utility – ACX (Data Center) Empowering Digital India with a Platform of Data Status Center Solutions with Strong Partnership Chennai 33 • Phase I 17 MW Operational MW Noida • Completion ~99% > 50 MW Core & Shell + 10 MW MEP 50 Noida • Preconstruction activities started > 40 MW MEP MW
Slide 24: Transport & Logistics – AAHL (Airports)
AEL : Transport & Logistics – AAHL (Airports) Portfolio of 8 Airports Updates Serving ~ 23% of total passenger base Pax (Mn) ATM (‘000) 65.4 69.7 440.7 466.0 22.7 24.6 152.3 160.5 21.3 22.3 153.3 146.8 Jaipur Lucknow 5.0 Mn 8.0 Mn Guwahati 21.3 22.8 141.6 152.1 5.6 Mn 9M-24 9M-25 9M-24 9M-25 Ahmedab
Slide 25: Transport & Logistics – AAHL (Airports) service KPIs
AEL : Transport & Logistics – AAHL (Airports) Security Check Queue Immigrations 100% 100% 98% 98% 96% 96% 94% 94% 92% 92% AMD LKO IXE BOM JAI GAU TRV AMD LKO IXE BOM JAI GAU TRV Oct Nov Dec Benchmark Oct Nov Dec Benchmark Car Parking Check In 100% 100% 98% 98% 96% 96% 94% 94% 92% 92% AMD LKO IXE BOM
Slide 26: Transport & Logistics – ARTL (Roads)
AEL : Transport & Logistics – ARTL (Roads) Portfolio of 14 projects Project Completion Status NPRPL 84% 86% Operational [6] Construction in progress [8] VBPPL 81% 87% HAM BKRPL 76% BHRPL 82% 151.700 kms UPRPL HURPL 156.800 kms AVRPL 52% 155.700 kms 58% PRSTPL BPRPL PPRPL NPRPL 88.115 53.300 kms 67.7
Slide 27: Operational Performance
Operational Performance
Slide 28: Operational Performance – Incubating Businesses
AEL : Operational Performance – Incubating Businesses % % Parameters Q3-24 Q3-25 Parameters 9M-24 9M-25 change change Module Sales (MW) 638 893 40% Module Sales (MW) 1882 3273 74% ANIL Ecosystem WTG Supply (Sets) 7 48 5.9x1 WTG Supply (Sets) 7 104 13.8x1 % % Parameters Q3-24 Q3-25 Parameters 9M-24 9
Slide 29: Operational Performance – Established Businesses
AEL : Operational Performance – Established Businesses % % Parameters Q3-24 Q3-25 Parameters 9M-24 9M-25 change change Production (MMT) 7.7 13.2 73% Production (MMT) 21.1 31.0 47% Mining Services Dispatch (MMT) 7.6 11.8 55% Dispatch (MMT) 20.2 29.3 45% % % Parameters Q3-24 Q3-25 Parameters 9M-24 9M-
Slide 30: Financial Highlights
Financial Highlights
Slide 31: Consolidated Financials Highlights (nine months)
Nine months ended AEL : Consolidated Financials Highlights ` In crores Income 6% EBITDA 29% 49% PBT 21% 108% Notional MTM Loss 373 Increase Decrease Total Increase Decrease Total Increase Decrease Total ✓ Growth driven by ANIL Ecosystem, Airports ✓ Increased on account of strong operational ✓ Increa
Slide 32: Segment wise Financials (nine months)
Nine months ended AEL : Segment wise Financials ` In crores Incubating Businesses Established Businesses ANIL Ecosystem Airports IRM Mining services 43684 2516 7393 10575 Revenue 5866 30460 1611 5966 9M-24 9M-25 9M-24 9M-25 9M-24 9M-25 9M-24 9M-25 ✓ Increased on back of higher ✓ Increased in line wi
Slide 33: Consolidated Financials Highlights (quarter)
AEL : Consolidated Financials Highlights Corresponding Quarter ` In crores Income EBITDA 49% PBT 108% Notional MTM Loss 381 1542 Increase Decrease Total Increase Decrease Total Increase Decrease Total ✓ Incubating business growth driven by ANIL ✓ EBITDA maintained on back of strong ✓ PBT of establis
Slide 34: Segment wise Financials (quarter)
Corresponding Quarter AEL : Segment wise Financials ` In crores Incubating Businesses Established Businesses ANIL Ecosystem Airports IRM Mining services 16137 856 2941 2939 Revenue 2130 2209 513 9562 Q3-24 Q3-25 Q3-24 Q3-25 Q3-24 Q3-25 Q3-24 Q3-25 ✓ Increased on back of higher ✓ Increased in line wi
Slide 35: Debt Movement 9M FY25 - Consolidated
AEL : Debt Movement 9M FY25 - Consolidated Interest coverage ratio EBITDA yet to be Increase in debt accounted for 3.0 2.8 3.1 3.6 3.5 accounted 2.4 Airports ➢ Construction of Navi Mumbai Project Navi Mumbai Airport ➢ PPRA Payment of Three Airports to go live in Q1 FY26 FY20 FY21 FY22 FY23 FY24 9M-2
Slide 36: Debt Details - Consolidated
AEL : Debt Details - Consolidated ` In crores As at March-24 As at Dec-24 Current Debt Current Debt Segment Non-Current Non-Current Working Short Total Working Short Total Debt Debt Capital Term Loan Capital Term Loan ANIL Ecosystem 3,394 616 - 4,010 3,072 848 - 3,920 Airport 19,101 102 2 19,206 25,
Slide 37: ESG Highlights
ESG Highlights
Slide 38: ESG – Ratings & Awards
AEL : ESG – Ratings & Awards Ratings Recognitions Ranked 4th in its sector globally and placed in the DJSI CSA 63 98th percentile. Adani Enterprises Limited (2024) Achieved Top Score in Social dimension in the 100th percentile won the India Sustainability Conclave Award 2024 for AEL’s DJSI CSA gross
Slide 39: ESG Performance Highlights 9M FY25
AEL : ESG Performance Highlights 9M FY25 Incubating Businesses Primary Industries ANIL Ecosystem Data Center Mining Services 15% 56% 12% 22% RE in RE in energy mix energy mix Reduction1 in Scope 1+2 Reduction1 in emission intensity3 Water consumption intensity3 Airports 52% 50% 99% 4,56,671 Reductio
Slide 40: Appendix
Appendix
Slide 41: Energy & Utility Project Updates
Energy & Utility Project Updates
Slide 42: Energy & Utility – Water
AEL : Energy & Utility – Water Concession Project Project / Location State Capacity SPV and Salient Features Period (In Yrs) Model (Const. + O&M) 326 Prayagraj Water Pvt Ltd Uttar Pradesh • Project Status > COD Achieved 2 + 15 MLD HAM 45 Bhagalpur WasteWater Ltd Bihar • Project Status > ~85.47% 2 +
Slide 43: Transport & Logistics Project Updates
Transport & Logistics Project Updates
Slide 44: Transport & Logistics – AAHL (Airports) Volume Details
AEL : Transport & Logistics – AAHL (Airports) Volume Details Passengers (In Mn) ATM (In ‘000) Cargo (In Lacs MT) Airports Q3-24 Q3-25 9M-24 9M-25 Q3-24 Q3-25 9M-24 9M-25 Q3-24 Q3-25 9M-24 9M-25 Ahmedabad 2.9 3.5 8.6 9.7 21.9 26.5 63.8 73.7 0.3 0.3 0.8 0.8 Lucknow 1.6 1.7 4.6 4.7 11.8 12.7 34.2 38.0
Slide 45: Transport & Logistics – ARTL (Roads)
AEL : Transport & Logistics – ARTL (Roads) Concession Period (in Length Financial Project Completion Project Model Project SPV / Location Yrs) (KMs) Closure Status (Const. + O&M) Bilaspur Pathrapali Road Pvt Ltd (BPRPL) / 53.3 Secured Operational 2 + 15 Chhattisgarh Suryapet Khammam Road Pvt Ltd (SK
Slide 46: Transport & Logistics – ARTL (Roads)
AEL : Transport & Logistics – ARTL (Roads) Project Length Financial Project Completion Concession Period (in Yrs) Project SPV / Location Model (KMs) Closure Status (Const. + O&M) Maharashtra Border Check Post Network Ltd 21 BCPs Operation; 24 BCPs Secured 1.5 + 23 (MBCPNL) / Maharashtra 2 COD Achiev
Slide 47: Primary Industries Project Updates
Primary Industries Project Updates
Slide 48: Primary Industries – Mining Services
AEL : Primary Industries – Mining Services Volume Details in MMT Customer Q3-24 Q3-25 9M-24 9M-25 Mine State (Owner) P D P D P D P D PEKB Chhattisgarh RRVUNL 0.0 0.0 4.1 3.0 4.8 4.2 10.6 8.1 Gare Pelma III Chhattisgarh CSPGCL 1.0 1.0 1.0 1.1 2.4 2.7 2.2 3.0 Talabira II & III Odisha NLCIL 3.6 3.6 5.6
Slide 49: Primary Industries – Mining Services
AEL : Primary Industries – Mining Services Mine Service Mine Capacity State Customer (Owner) SPV Name Contracts PEKB 18.0 MMT Chhattisgarh RRVUNL Parsa Kente Collieries Ltd Gare Pelma III 5.0 MMT Chhattisgarh CSPGCL Gare Pelma III Collieries Pvt. Ltd Talabira II & III 20.0 MMT Odisha NLCIL Talabira
Slide 50: Primary Industries – Commercial Mining
AEL : Primary Industries – Commercial Mining Mine Mine Capacity State SPV Name Contracts Gondulpura 4.0 MMT Jharkhand Adani Enterprises Ltd Bijahan 5.3 MMT Odisha Mahanadi Mines and Minerals Pvt Ltd Domestic Commercial Madheri Mining Contracts TBD Maharashtra MH Natural Resources Pvt Ltd (Northwest)
Slide 51: ESG Framework
ESG Framework 46
Slide 52: ESG backed by Assurance
AEL : ESG backed by Assurance Our Key ESG Commitments • Aim to achieve No-Net Loss to biodiversity • Airport and data center businesses to become and align with IBBI/ TNFD principles operational net zero by 2029 and 2030 respectively Guiding • Becoming a net water positive company • Creating shared
Slide 53: Adopted UN Sustainable Development Goals
AEL : Adopted UN Sustainable Development Goals Our Key Social Initiatives mapped to UNSDG United Nations Women’s Multiple • Own schools, digitalization and up gradation of Sustainable Development Goals 2030 Govt. school to provide cost free education to the Education Locations 1. No Poverty needy. 2
Slide 54: Strong Governance Framework
AEL : Strong Governance Framework Key Governance Areas Key Highlights ESG Governance Structure Board Independence ✓ 50% Independent Directors & Diversity ✓ 12.5% Women Directors Board of Directors ✓ Corporate Responsibility Committee in place with 100% Independent Directors Corporate to provide assu
Slide 55: Disclaimer
Disclaimer Certain statements made in this presentation may not be based on historical information or facts and may be “forward-looking statements,” including those relating to general business plans and strategy of Adani Enterprises Limited (“AEL”), the future outlook and growth prospects, and futu
Slide 56: Thank You
Thank You