Adani Total Gas Ltd. · NSE:ATGL
Adani Total Gas — Q1 FY25 Earnings Presentation
45 slides from Adani Total Gas's earnings presentation, Jul 29, 2024
Slide 1: Exchange submission cover letter
29th July, 2024 BSE Limited National Stock Exchange of India Limited P J Towers, Exchange plaza, Dalal Street, Bandra-Kurla Complex, Bandra (E) Mumbai – 400001 Mumbai – 400051 Scrip Code: 542066 Scrip Code: ATGL Dear Sir, Sub: Submission of Media Release and Investor Presentation on Unaudited Financ
Slide 2: Adani Total Gas Q1FY25 Results Media Release
Media Release Adani Total Gas Q1FY25 Results Overall Volume up by 17% in Q1 FY25, Y-o-Y CNG network increases to 559 stations PNG household increased to 8.58 lakh PNG homes EBITDA up 21% Y-o-Y – INR 308 Cr 1212 EV charging points spread across 15 states EDITOR’S SYNOPSIS Operational Highlights Q1FY2
Slide 3: Standalone Operational and Financial Highlights
Adani TotalEnergies E-mobility Limited (ATEL) 1212 EV charging points have been commissioned across 15 states o Additional 740+ EV charging points are under various stages of construction with EV fleets companies, Govt. Authorities, tourism departments municipal corporations etc. Ahmedabad, 29th J
Slide 4: Results Commentary Q1FY25
Results Commentary Q1FY25 CNG Volume increased by 20% Y-o-Y on account of network expansion across multiple Geographical Areas (GAs). With optimization of gas prices there has been a recovery in PNG Industrial volume and also with addition of new PNG connection in domestic and commercial segment
Slide 5: Adani Total Gas Limited Q1FY25
Adani Total Gas Limited CGD | e-Mobility | Biomass Q1FY25 Earnings Presentation
Slide 6: Contents
Contents Safety First at ATGL 01 ATGL Promoters Profile a Adani Group b TOTAL Group 02 About Adani Total Gas Ltd (ATGL) 03 New Businesses Operational and Financial Performance – 04 Q1 FY25 05 Sustainability Update 06 Investment Rationale Annexure
Slide 7: Safety first at ATGL
Health & Safety : A Precondition to Work in ATGL Safety first at ATGL Consumers Safety Awareness Culture Risk Management Approach Safety Strategy sync to Incident Management Business Strategy Vendors Contractor Safety Audits Personal Safety Transport Safety Asset Integrity & Reliability Employees Pr
Slide 8: About Adani Group
01a About Adani Group
Slide 9: 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%) (74.72%) (100%) (50.00%) (100%) (100%) ANIL Ada
Slide 10: 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 EBITDA 92% 1,4 AEL APSEZ Growth 3x 6 Growth 1.4x 6 AGEL Adani’s Core Infra. Platform –
Slide 11: 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 12: About Total Group
01b About Total Group
Slide 13: A Broad Energy Company
A Broad Energy Company • TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. • TotalEnergies is committed to energy that is more affordable, cleaner, more reliable and accessible to as many peop
Slide 14: Strengths
Strengths We are present across the entire 100,000+ people representing 160 We are active in more than 130 value chain, from production to nationalities and 740+ professions countries distribution A diversity which is decisive for our competitiveness and attractiveness FINANCIAL PERFORMANCE $21.4 bn
Slide 15: About Adani Total Gas Limited
02 About Adani Total Gas Limited
Slide 16: ATGL: Diversified Energy Platform
ATGL : Diversified Energy Platform Business Structure ATGL Presence CGD ATGL receives 37.4% Adani Total 37.4% approval from 53* 125 PNGRB for transfer Gas of Authorization of GAs Districts Covered Jalandhar District. 34 14 % 15 % Population Area covered# LNG for Core CGD Trucking & Business Mining 1
Slide 17: CGD: Stable Regulatory Framework
CGD : Stable Regulatory Framework CGD Business includes creating City Gas POST AUTHORIZATION - CGD ENTITY Distribution Network and provide natural gas to Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) segments CGD Infrastructure Network includes CNG Creation of City Gas Distribution Networ
Slide 18: ATGL: Gas Sourcing and Pricing Mechanism
ATGL : Gas Sourcing and Pricing Mechanism To promote adoption of city-gas networks, Gas allocation / supply to the CGD system placed under the no cut category, consequently giving CGD highest priority than other sectors Priority Sectors for Gas allocation (in order of priority) 1 City Gas Distributi
Slide 19: ATGL's Offerings
Consumer Segments – Core , Sticky & Sustainable ✓ 24X7 continuous supply ✓ Regular Safety Checks ATGL’s ✓ Quick Service ✓ Safe, clean and green supply chain Offerings ✓ Response to Customers MSME Commercial CNG Domestic Penetration is fast but the Penetration is gradual along Large savings against G
Slide 20: My Adani Gas App: 360 Digitalization for Consumers
My Adani Gas App : 3600 Digitalization for Consumers Share of Digital Payment in all Consumer Transactions (%) 95% 97% 98% 92% 82% 50% FY19 FY20 FY21 FY22 FY23 FY24 Call Addressed by IVRS Available in • 17% of the total calls are addressed Hindi | English & Gujarati by IVRS. Significant growth in th
Slide 21: SOUL – Automation, Digitalization and Innovation
SOUL – Automation, Digitalization and Innovation , way of Life at ATGL Platform for Emergency Response Standardization of Management Systems and Processes GIS SCADA VTS Key Operations Solar Monitoring Asset Life cycle Management Digital Platform Gas Balancing for all ATGL Operations Customer Delight
Slide 22: New Businesses
adani Gas New Businesses
Slide 23: Adani TotalEnergies E-Mobility Limited (ATEL)
Adani TotalEnergies E-Mobility Limited (ATEL) Strategic Partnerships / ~14.7 MW Installed Capacity Collaboration 1212 Charge Points Network Portfolio (Current Status) 15 States Airport Cabs Charging Solution Dealership and e-buses at Airport Airside Charging Hub Across respectively the city Charging
Slide 24: Adani TotalEnergies Biomass Limited (ATBL)
Adani TotalEnergies Biomass Limited (ATBL) Barsana Bio Plant – Non-MSW ATBL commissioned Phase-1 (225 TPD), India’s one of the largest Biomass project Bio Plant, at Barsana, Uttar Pradesh on 31st March 2024) Gas Purification Shredder • Cow dung 150 Tons per day is being sourced from the largest cow
Slide 25: ATBL Municipal Solid Waste Projects
Adani TotalEnergies Biomass Limited (ATBL) Municipal Solid Waste Projects Ahmedabad Municipal Corporation Rajkot Municipal Corporation • In September 2023, ATGL has been awarded by • In February 2024, ATBL has been awarded by AMC to Design Build Finance & Operate 500 Rajkot Municipal Corporation to
Slide 26: Operational and Financial Performance – Q1FY25
04 ATGL – Operational and Financial Performance –Q1FY25
Slide 27: Operational and Financial Highlights – Q1FY25 Y-o-Y
Operational and Financial Highlights –Q1FY25 – Y-o-Y CGD - Operational Highlights ➢ CNG Stations increased to 559, Added 12 CNG stations, with 110 being CODO/DODO stations ➢ Steel pipeline network increased to ~ 12,244 inch-km ➢ 8.58 Lakh PNG Home Connection, ~ 38,165 lakh homes connected to PNG ➢ P
Slide 28: Infrastructure Update: As on 30 June 2024
Infrastructure Update : As on 30 June 2024 CNG Stations Steel Network in Inch-Km 12 CNG Station ~ 221 Inch –Km added in pipeline was laid in 559 Q1FY25 547 12244 Q1FY25 12023 31-Mar-24 30-Jun-24 31-Mar-24 30-Jun-24 Break up of CNG Stations PNG Connections No of Household (Lakhs) Commercial Industria
Slide 29: Volume & Gas Sourcing – Q1FY25 Y-o-Y
Volume & Gas Sourcing –Q1FY25 - Y-o-Y Volume in MMSCM Gas Sourcing Update CNG PNG • Portfolio diversification and Recalibration 153 through long term agreements: 20% 77 128 10% 70 ❖ 3 Year GAIL HH contract w.e.f. January 2024 ❖ 1 Year Vedanta Contract w.e.f. April 2024 ❖ Monthly Spot purchase to tak
Slide 30: Key Financials – Q1FY25 Y-o-Y
Key Financials –Q1FY25 - Y-o-Y All Fig in INR Crs Revenue From Operations EBITDA 1,237 1,135 308 255 21% 9% Y-o-Y Comparison ➢ EBITDA has increased by 21% Y-o-Y Q1FY24 Q1FY25 Q1FY24 Q1FY25 on account of higher volume. PAT ➢ PBT and PAT increased by 19% and PBT 20% Y-o-Y respectively. 237 199 19% 177
Slide 31: ESG Framework & Sustainability Update – Q1FY25
05 ESG Framework & Sustainability Update – Q1FY25 ESG – Environment, Social & Governance
Slide 32: ATGL: Sustainability Initiatives – Environment, Social & Governance
ATGL: Sustainability Initiatives – Environment, Social & Governance Target for Initiatives UN SDGs Achievement in Q1 FY 2024-25 1.5 Mw of Solar by end • Installed 33.63 kW of solar Solarization of FY25 capacity, commissioning to be To Cover 3500 Km & start. Methane Leak detection & Repair Y-O-Y redu
Slide 33: ATGL: Sustainability Initiatives
ATGL: Sustainability Initiatives Green Millenium : Students Drivers Training & Rest CSR Initiative: Smart Classroom CSR Initiative: Sanitation facility Training on Climate program Area (Pilot scale) ❑ 100 schools are palnne d ❑ Total 730 Drivers to be ❑ Aim to provide quality Our Approach during FY
Slide 34: ATGL: Strong Governance Structure
ATGL : Strong Governance Structure Board of Directors Board Committees Statutory Committees Non- Statutory Committees Nomination & Stakeholders Corporate Responsibility Public Consumer Information Technology & Audit Committee Remuneration Committee Relationship Committee Committee Committee Data Sec
Slide 35: Rationale for Investment
adani Gas Rationale for Investment
Slide 36: ATGL: Strong Growth with Financial Discipline
ATGL : Strong Growth with Financial Discipline All Fig in INR Crs except ratios Total Assets EBITDA 1150 6524 Gross Debt to Net INR 4466 Crs of Fixed Assets Assets Addition 541 16% 2058 0.35 0.33 FY19 FY24 FY19 FY24 FY19 FY24 PAT Gross Debt 1471 Net Debt to EBITDA 653 0.89 INR 1077 Crs of 23% Debt A
Slide 37: ATGL: Well positioned for industry leading growth
ATGL: Well positioned for industry leading growth Pan India presence Strong Promoters Infrastructure Growth 53 Geographical Areas Adani & Total Energies2 (37.4% each) Commissioned 19 GAs GAs spread pan India across 125 Provides significant synergies in both 18+ years of experience Development distri
Slide 38: Five Pillars of Transformational Journey of ATGL
Five Pillars of Transformational Journey of ATGL Fulfilling our objective of future proofing Gainful Customer Focus on delivering • E- Mobility Diversification Centricity Customer Delight • Biomass • LNG for Trucking & Mining Focus on Core strength Strengthening CGD Leverage Technology for Biggest a
Slide 39: Annexure
adani Gas Annexure
Slide 40: Infrastructure Update - incl. JV – IOAGPL
Infrastructure Update - incl. JV – IOAGPL : As on 30 Jun 2024 CNG Stations Steel Network in Inch-Km 903 927 24 New CNG stations added in Q1FY25 21566 22510 31-Mar-24 30-Jun-24 31-Mar-24 30-Jun-24 PNG Connections No of Households (Lakhs) No of Industrial Connections No of Commercial Connections 3042
Slide 41: Income Statement Summary – Standalone
ATGL Key Financials : Income Statement Summary – Standalone (INR Cr) Quarter Ended Year Ended Particulars 30-Jun-24 31-Mar-24 30-Jun-23 31-Mar-24 Revenue from Operations 1237 1257 1135 4813 Cost of good sold 804 797 793 3188 Operating & other expenses 137 172 95 522 Total Expenditure 941 969 887 371
Slide 42: Income Statement Summary – Consolidated
ATGL Key Financials : Income Statement Summary – Consolidated (INR Cr) Quarter Ended Year Ended Particulars 30-Jun-24 31-Mar-24 30-Jun-23 31-Mar-24 Revenue from Operations 1239 1258 1135 4816 Cost of goods sold 804 797 793 3190 Operating & other expenses 138 173 95 523 Total Expenditure 943 970 888
Slide 43: ATGL: List of Location
ATGL : List of Location ATGL GAs IOAGPL GAs S.No. Geographical Area State S.No. Geographical Area State 1 Ahmedabad City and Daskroi Area Gujarat Panchkula (EAAA), Sirmaur Districts, Shimla & Solan (EAAA) 1 Haryana 2 Vadodara (part) Gujarat District 3 Surendranagar (EAAA) Gujarat 2 Chandigarh Chandi
Slide 44: Legal Disclaimer
Legal Disclaimer Certain statements made in this presentation may not be based on historical ATGL assumes no responsibility to publicly amend, modify or revise any forward- information or facts and may be “forward-looking statements,” including those looking statements, on the basis of any subsequen
Slide 45: Thank You
THANK YlewU