Adani Energy Solutions Ltd · NSE:ADANIENSOL
Adani Energy Solutions — Adani Transmission — CLSA Conference 2021
26 slides from Adani Energy Solutions's conference presentation, Nov 15, 2021
Slide 1: Intimation for participation in the Investors' Conference
15th November, 2021 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: 539254 Scrip Code: ADANITRANS Dear Sir, Sub: Intimation for participation in the Investors’ Conference. Pu
Slide 2: Adani Transmission Limited Equity Presentation
Adani Transmission Limited Equity Presentation November 2021
Slide 3: Contents
CONTENTS 04-07 Adani Group and ATL 04 Company Profile, Growth, 09-20 Value Creation and ESG 09 22-23 Annexure - Asset Portfolio 22
Slide 4: Adani Group and Adani Transmission
Adani Group and Adani Transmission
Slide 5: Adani: A world class infrastructure & utility portfolio
Adani: A world class infrastructure & utility portfolio Transport & Logistics Portfolio Adani Energy & Utility Portfolio Adani 100% 75% • Marked shift from B2B to 63.8% 60.3% B2C businesses – APSEZ ATL AGEL NQXT2 • ATGL – Gas distribution Port & Logistics T&D Renewables network to serve key 100% 75%
Slide 6: Adani: Decades long track record of industry best growth rates across sectors
Adani: Decades long track record of industry best growth rates across sectors Transmission Network (ckm) Port Cargo Throughput (MMT) Renewable Capacity (GW) CGD7 (GAs8 covered) 45% 21% 132% 12% 1.5x 3x 30% 3x 5x 7% 4% 25% Industry ATL Industry APSEZ Industry Adani AGEL Industry AGL 2016 320,000 ckm
Slide 7: 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 8: 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 12 states Transmission (FY21): Development with 28 transmission SPVs 18,336 ckm(1) 51% of EBITDA - Central pool B
Slide 9: Company Profile, Growth and Value Creation
Company Profile, Growth and Value Creation
Slide 10: ATL at a Glance
ATL at a Glance Contracted Assets in ROA Assets in Transmission and Distribution Business Transmission Business 100%1 25.1% 100% 100% 74.9% TBCB(2) Assets Transmission HVDC AEML Assets Transmission line 15 Operating 9 Under-construction 4 Operating Distribution business with 3 mn+ TBCB(2) assets TBC
Slide 11: Transmission business at a Glance
ATL: Transmission business at a Glance TBCB – Contracted Transmission Assets with Fixed Tariff (Sec. 63) ROA - Transmission Assets (Sec. 62) 35 yrs + 30 yrs of 35 yrs + 30 yrs remaining life of Network Pool Asset Life Asset Life Counterparty remaining life asset Function of line Counterparty Network
Slide 12: Distribution (AEML) business at a Glance
ATL: Distribution (AEML) business at a Glance Consumer-facing Integrated Utility (AEML) Key Characteristics HVDC Transmission Asset (Mumbai) Consumer Counterparty Consumers 3.04 million base Return on Assets Fixed Type of Regulated Perpetual (ROA -Section 62) Return Asset Life Asset Asset (Sec. 62)
Slide 13: Growth Avenues
ATL: Growth Avenues Regulated growth opportunities Opportunity Set in Transmission Opportunity Set in Distribution AEML: ATL geared to fully leverage ▪ ATL’s existing TBCB project ▪ Continuous consumer addition opportunities for disciplined growth pipeline of ~Rs. 120 bn through affordable and relia
Slide 14: AEML: Value accretive to ATL and positioned towards future growth in Distribution sector
AEML: Value accretive to ATL and positioned towards future growth in Distribution sector ATL’s EBITDA and FCF before AEML acquisition ATL’s EBITDA and FCF post AEML acquisition (In Rs. Crs) • Cashflow profile of ATL has 5,066 changed dramatically post 4,519 acquisition of AEML 2,937 3,113 2,770 • Se
Slide 15: Robust ESG Framework
ATL: Robust 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 align
Slide 16: Progressing on Environmental and Climate Commitments
ATL: Progressing on Environmental and Climate Commitments Indicators Progress and Status: YTD FY22 Medium to Long-term Targets Energy Mix & Emission Intensity AEML has tied up a hybrid (Solar +Wind) 700 RE share in power procurement 30% by FY23 60% by FY27 MW PPA The target for GHG emissions reducti
Slide 17: Social Philosophy
ATL: Social Philosophy 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) 1. No Poverty
Slide 18: Governance Philosophy
ATL: Governance Philosophy 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 • Occupational H
Slide 19: Revised Board of Charter Implemented
ATL: Revised Board of Charter Implemented In order to further strengthen governance practices, implemented revised board of charter • ATL’s Audit Committee and Nomination and Remuneration Committee comprises of 100% Independent Directors • The CSR Committee and Stakeholders Relationship & Risk Manag
Slide 20: Long-term value creation
ATL: Long-term value creation Delivering solid EBITDA growth Efficient and Optimal Capital Allocation Locked-in growth for next 3-5 years Operational EBITDA (Rs. Crs) 4,233 Transmission growth 4,055 FY16 FY21 • Nine under-construction TBCB projects 2,857 1,659 worth Rs. 120 bn to increase annual tar
Slide 21: Compelling Investment Case
ATL: Compelling Investment Case Infrastructure • Pedigree of Adani Group: leader in infrastructure –transport, logistics, energy and utility space lineage • Proven track record of excellence in development & construction World-class • Robust operational metrics - line availability, supply reliabilit
Slide 22: Annexure
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Annexure 14
Slide 23: ATL's Evolution and Operational Asset Portfolio as of 1HFY22
ATL’s Evolution and Operational Asset Portfolio as of 1HFY22 Adani Transmission Limited ATL’s Transmission Network (ckt km) has grown 3.4x and expanded in Distribution business 100% 75% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% ATL’s “Grid-to-Switch” Integrated Platform ATIL MEGPTC
Slide 24: ATL's Under-construction Asset Portfolio as of 1HFY22
ATL‘s Under-construction Asset Portfolio as of 1HFY22 Adani Transmission Limited 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Obra-C WRSS – Lakadia MP Kharghar NKTL Jam Kham- HVDC# GTL Banas- WKTL Badaun XXI (A) baliya Package II - Vikhroli kantha North Ghatampur Obra Lakadia - Lakadia- Jam Kha
Slide 25: 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 26: Thank You
adani Transmission adani Transmission Thank You ¢