Adani Ports & Special Economic Zone Ltd · NSE:ADANIPORTS

Adani Ports & Special Economic Zone — Q4 FY22 Earnings Presentation

70 slides from Adani Ports & Special Economic Zone's earnings presentation, May 24, 2022

  1. Slide 1: Operational & Financial Highlights – FY22

    Operational & Financial Highlights – FY22 Adani Ports and SEZ Ltd.

  2. Slide 2: Table of Contents

    Table of Contents A Adani Portfolio Overview B APSEZ Company Profile C Strategic, Operational & Financial Highlights FY22 D Operational & Financial Highlights Q4 FY22 E Guidance FY23 F ESG Highlights G Annexures 2

  3. Slide 3: A Group Profile

    A Group Profile STRICTLY CONFIDENTIAL

  4. Slide 4: Adani: A World Class Infrastructure & Utility Portfolio

    Adani: A World Class Infrastructure & Utility Portfolio ~USD 206 bn1 Combined Market Cap Infrastructure Portfolio Incubator Energy & Utility Transport & Logistics Direct to consumer Other businesses (74.9%) (61.3%) (74.9%) (65%) (100%) (44%) AGEL ATL APSEZ AWL AEL NQXT2 Renewables T&D Ports & Logist

  5. Slide 5: Adani: Decades long track record of industry best growth rates across sectors

    Adani: Decades long track record of industry best growth rates across sectors Port Cargo Throughput (MMT) Renewable Capacity (GW) Transmission Network (ckm) CGD7 (GAs8 covered) 45% 12% 132% 18% 3.4x 5x 3x 30% 1.5x 4% 6% 25% Industry Adani APSEZ Industry AGELAdani Industry ATL Industry AGL 2014 972 M

  6. 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 • Engineering & design • Redesigning the capital structure Activity • Analysis & market • Site acquisition • Life cycle

  7. Slide 7: B APSEZ: Company Profile

    B APSEZ: Company Profile STRICTLY CONFIDENTIAL

  8. Slide 8: APSEZ: Transformational Business Model

    APSEZ: Transformational Business Model Ports Logistics SEZ • National footprint with 12 ports • Largest integrated logistics player in • Large scale ‘ready to setup’ industrial across the coastline, de-risks the India land (SEZ) Development portfolio of concentration risk. • Rail, MMLPs, Warehousing

  9. Slide 9: A transport utility with string of ports and integrated logistics network

    APSEZ: A transport utility with string of ports and integrated logistics network Grown from a single port to Twelve Ports ~560 MMT of An integrated approach through Ports, SEZ and augmented capacity to handle all types of cargo Logistics enables presence across value chain *Includes both SEZ and non

  10. Slide 10: Logistics to provide growth impetus & help reaching customer's gate

    APSEZ: Logistics to provide growth impetus & help reaching customer's gate Trains MMLPs Grain Silos Ware-housing Rail Tracks Assets 24 4 0.4 mn 510 FY16 Trains MMLP -- Sq. ft. KMs 75 6 0.87 0.8 mn 620 FY22 Trains MMLP MMT Sq. ft. KMs 3X 3X 3X 75X 3X 200+Trains 15 MMLP 2.5+ MMT 60 mn Sq. ft. 2000+ KM

  11. Slide 11: C Strategic, Operational and Financial Highlights FY22

    C Strategic, Operational and Financial Highlights FY22 STRICTLY CONFIDENTIAL

  12. Slide 12: Strategic Highlights– FY22

    APSEZ: Strategic Highlights– FY22 (YoY) Ports • SRCPL acquisition completed and consolidated in APSEZ books with retrospective effect from 1 April 2021 • Gangavaram acquisition likely to be completed in all aspects during Q1 FY23; post NCLT approval APSEZ FY22 numbers will be restated to include GPL

  13. Slide 13: Strategic Highlights– FY22

    APSEZ: Strategic Highlights– FY22 (YoY) Logistics • Launched Grade-A warehousing business segment by partnering with Flipkart for a 534,000 sq. ft. fulfilment center in the upcoming logistics hub at Mumbai • Initiated construction of new warehousing facilities at Mumbai, Indore, Palwal, Ranoli, Koch

  14. Slide 14: Operational Highlights– FY22

    APSEZ: Operational Highlights– FY22 (YoY) Ports • APSEZ cargo volume grew by 26% to 312 MMT, journey from 200 MMT to 300 MMT achieved in record three years time • Handled record container volume of 8.2 mn TEUs which is a growth of 14% • Four new types of dry cargo added – Sulphur at Dahej, Dolomite

  15. Slide 15: Robust cargo growth with diversification

    APSEZ: Robust cargo growth with diversification (YoY) FY21 FY22 APSEZ Cargo volume East Coast Volume Non Mundra Volume 26% 84% 58% 247 312 64 118 103 162 MMT MMT MMT MMT MMT MMT ASPEZ Container volume West Coast Volume Mundra Volume 14% 6% 4% 7.2 mn 8.2 mn 183 194 144 150 TEUs TEUs MMT MMT MMT MMT 1

  16. Slide 16: Mitigating concentration risk – cargo volume distribution

    APSEZ: Mitigating concentration risk – cargo volume distribution (YoY) 120% 100% 26% 80% 38% 37% 36% East Coast 60% vs West Coast Share 40% 74% 62% 63% 64% 20% 0% FY21 FY22 FY21 FY22 APSEZ All India West Coast East Coast FY21 FY22 Mundra 52% 58% vs 42% 48% Non Mundra Share Mundra Non Mundra Mundra N

  17. Slide 17: Diversifying cargo portfolio

    APSEZ: Diversifying cargo portfolio (YoY) 43% 41% 41% 41% 38.4% 37% 36% 33% 33% 33.0% 32% 32% 13% 13% 17.0% 12% 11% 13% 13% 9% 12% 8% 11% 11% 3% 3% 2% 3% 3% 3% 0.3% 1.0% 0.5% FY17 FY18 FY19 FY20 FY21 FY22 Dry (Coal) Dry (Non Coal) Liquid (excl Crude) Crude Gas Container 17

  18. Slide 18: Balanced growth across ports

    APSEZ: Balanced growth across ports (YoY in MMT) 320 2 1 312 3 1 4 6 300 20 280 30 260 247 240 220 200 FY21 Gangavaram Krishnapatnam* Mundra Terminals Hazira Dhamra Dahej Kattupalli FY22 • Gangavaram port, which is the latest addition to our ports portfolio handled 30 MMT of cargo • Mundra port grew

  19. Slide 19: Balanced growth across cargo type

    APSEZ: Balanced growth across cargo type (YoY in MMT) 320 2 1 312 4 310 5 2 0.7 14 300 290 8 17 280 270 14 260 250 247 240 230 220 FY21 Container Non Coking Coking Minerals Fertillizers Agri Other Dry Crude Other Gas FY22 Coal Coal Liquid • All major commodity segments have shown positive growth • D

  20. Slide 20: Sticky cargo ensures resilience

    APSEZ: Sticky cargo ensures resilience (YoY, in MMT) 350 70% 312 62% 300 60% 58% 59% 56% 250 247 50% • Sticky cargo constitutes ~49% of 49% 223 total cargo with a higher base 208 200 40% 180 • Sticky cargo grew by 12% 155 150 131 138 30% • 70% of sticky cargo at Mundra Port 121 111 100 20% • Contain

  21. Slide 21: Financial performance FY22

    APSEZ: Financial performance FY22 (in INR Cr) Particulars Revenue EBITDA^ FCF APSEZ Consolidated 15,934 9,811 5,261 Gangavaram Port 1,206 796 1,293 Joint Ventures at Mundra 1,975 1,085 801 AICTPL (CT-3), JV with MSC 1,355 732 498 ACMTPL (CT-4), JV with CMA-CGM 620 353 303 Total 19,115 11,692 7,355 A

  22. Slide 22: Financial performance FY22

    APSEZ: Financial performance FY22 (YoY, in INR Cr) Operating Revenue PBT* Capex 27% 12,550 15,934 6,292 5,946 1,954 3,749 Operating EBITDA^# PAT** Free Cash Flow 22% 8,063 9,811 5,049 4,795 5,800 5,261 • The Board has recommended a dividend of Rs.5 per share, which works out to a payout of Rs.1,056

  23. Slide 23: Key segment wise Operating revenue & EBITDA - FY22

    APSEZ: Key segment wise Operating revenue & EBITDA - FY22 (YoY, in INR Cr) Ports Logistics 14,000 12,964 75% 1,400 30% 1,208 12,000 10,739 70% 1,200 26% 70% 70% 25% 958 24% 10,000 9,120 1,000 20% 7,560 65% 8,000 800 15% 6,000 60% 600 320 10% 4,000 400 226 55% 5% 2,000 200 - 50% - 0% FY21 FY22 FY21 F

  24. Slide 24: Improving debt profile

    APSEZ: Improving debt profile (YoY, in INR Cr) Gross Debt, Net Debt & Average Maturity Gross Debt Movement 50,000 772 1,564 3,775 900 45,453 50,000 44,996 45,453 8 45,000 45,000 7 7,169 7 40,000 40,000 7 34,401 6 32,959 6 34,401 35,000 31,307 35,000 28,472 5 30,000 30,000 25,000 4 20,000 25,000 3 15

  25. Slide 25: FCF continues to be strong

    APSEZ: FCF continues to be strong (YoY, in INR Cr) Cash Flow Conversion FCF including 12000 72% GPL- 6,554 80% 70% 10000 52% 9811 60% 8000 8063 54% 50% 7565 6000 40% 5800 5261 30% 4000 3942 20% 2000 10% 0 0% • EBITDA to FCF conversion at 54% due to increase in FY20 FY21 FY22 Capex and net interest c

  26. Slide 26: Credit ratios within prescribed range

    APSEZ: Credit ratios within prescribed range Rating Ratios^ 30% 6.0x 25% 25% 22% 5.0x 5.1x 21% 20% 17% 4.0x 4.2x 15% 3.0x 10% 2.0x • FFO to Gross Debt and FFO to Net Debt improves to 18% and 5% 1.0x 23% respectively including Gangavaram port FFO and interest coverage improves to 4.6x 0% 0.0x FY21 FY

  27. Slide 27: Port wise returns

    APSEZ: Port wise returns 30% 25% 24% 23% 19% 20% 19% 16% 16% 15% 15% 13% 13% 12% 12% 12% 11% 11% 11% 10% 9% 8% 5% 5% 5% 3% 3% 2% 2% Terminals 0% Mundra Hazira Dahej Dhamra Kattupalli Krishnapatnam* Logistics APSEZ Consol -2% -5% -5% -5% -10% ROCE FY20 ROCE FY21 ROCE FY22 • APSEZ consolidated ROCE de

  28. Slide 28: D Strategic, Operational and Financial Highlights Q4 FY22

    D Strategic, Operational and Financial Highlights Q4 FY22 STRICTLY CONFIDENTIAL

  29. Slide 29: Robust growth with diversification – Q4 FY22

    APSEZ: Robust growth with diversification –Q4 FY22 (YoY) Q4 FY21 Q4 FY22 APSEZ Cargo volume East Coast Volume Non Mundra Volume 7% 32% 23% 73 78 22 30 33 41 MMT MMT MMT MMT MMT MMT ASPEZ Container volume West Coast Volume Mundra Volume 10% 4% 7% 2.3 mn 2.0 mn 51 49 40 37 TEUs TEUs MMT MMT MMT MMT No

  30. Slide 30: Mitigating concentration risk – cargo volume distribution Q4 FY22

    APSEZ: Mitigating concentration risk – cargo volume distribution Q4 FY22 120% 100% 31% 38% 37% 35% 80% East Coast 60% vs West Coast Share 40% 69% 65% 62% 63% 20% 0% Q4 FY21 Q4 FY22 Q4 FY21 Q4 FY22 APSEZ All India West Coast East Coast Q4 FY21 Q4 FY22 Mundra vs 55% 45% 52% 48% Non Mundra Share Mundra

  31. Slide 31: Financial performance - Q4 FY22

    APSEZ: Financial performance - Q4 FY22 (in INR Cr) Particulars Revenue EBITDA APSEZ Consolidated 3,845 2,383 Gangavaram Port 307 198 JVs 534 296 AICTPL (CT-3), JV with MSC 369 204 ACMTPL (CT-4), JV with CMA-CGM 165 92 Total 4,685 2,877 APSEZ Consolidated does not include Gangavaram port numbers 31 ^

  32. Slide 32: Key segment wise Operating revenue & EBITDA - Q4 FY22

    APSEZ: Key segment wise Operating revenue & EBITDA - Q4 FY22 (YoY, in INR Cr) Ports Logistics 3,500 3,123 3,259 75% 400 363 35% 3,000 350 30% 69% 69% 70% 29% 2,500 2,245 300 268 25% 2,166 24% 65% 250 2,000 20% 200 1,500 60% 15% 150 106 1,000 100 10% 64 55% 500 50 5% - 50% - 0% Q4 FY21 Q4 FY22 Q4 FY2

  33. Slide 33: E Guidance FY23

    E Guidance FY23 STRICTLY CONFIDENTIAL

  34. Slide 34: Volume recovery underway at major disruption points

    APSEZ: Volume recovery underway at major disruption points (in MMT) FY21 FY22 • Coal volume was subdued on account of lower imports by key IPPs like APL, Coal volume handled at Mundra CGPL at Mundra and SembCorp, APGENCO in Andhra Pradesh, due to - • disruptions in the supply chain • incessant rain

  35. Slide 35: Guidance FY23

    APSEZ: Guidance FY23 (in INR Cr) Expected cargo volume : 350 to 360 MMT, a growth of 12-15% Particulars Revenue EBITDA Capex FCF (INR Cr) Base Case Optimistic Case Base Case Optimistic Case Base Case Optimistic Case Base Case Optimistic Case APSEZ Consolidated 19,200 19,800 12,200 12,600 8,600 8,600

  36. Slide 36: Growth Capex

    Growth Capex STRICTLY CONFIDENTIAL

  37. Slide 37: Capex summary FY23

    APSEZ: Capex summary FY23 (in INR Cr) Capex in Incremental Annualized Annualized FY23 Capacity Revenue at optimal utilization EBITDA at optimal utilization Ports* 4,877 155 MMT 5,225 3,650 Details in Logistics 1,179 slide 40 195 150 Warehousing 2,544 9 mn sqft 325 300 Details in Total 8,600 slide 39

  38. Slide 38: Organic growth - Capex segment wise FY23

    APSEZ: Organic growth - Capex segment wise FY23 (in INR Cr) Total Investment – 8,600 Ports – 4,725 Marine Services - 152 Logistics – 3,723 Tug 152 Warehousing 2,544 Logistics Park 485 Mundra 1,644 Container 2,263 Grain Silos 199 Dhamra 965 Dry 1,252 Trains 495 Gangavaram 800 Liquid 326 Hazira 350 Ot

  39. Slide 39: Port Capex – Cargo type and port wise FY23

    APSEZ: Port Capex – Cargo type and port wise FY23 Capex Capacity Revenue EBITDA Cargo Type Ports (INR Cr) (MMT) (INR Cr) (INR Cr) Mundra* 1239 28 Gangavaram 659 8 Dhamra 298 10 Container Vizhinjam 784 14 3400 2450 Grant (Vizhinjam) -1165 - WCT - I 600 50 Total Container* 2415 110 Dhamra 580 15 Hazir

  40. Slide 40: Logistics Capex FY23

    APSEZ: Logistics Capex FY23 Segments Capex (INR Cr) Capacity Revenue (INR Cr) EBITDA (INR Cr) Warehousing 2,544 9 mn Sqft 325 300 Rail 495 19 rakes 120 110 MMLPs 485 300,000 TEUs 60 30 Grain - Silos 199 0.15 MMT 15 10 Total 3,723 - 520 450 • 9 mn sft of new warehousing facilities at Mumbai, Indore,

  41. Slide 41: F ESG Highlights

    F ESG Highlights STRICTLY CONFIDENTIAL

  42. Slide 42: Targeting ESG leadership

    APSEZ: Targeting ESG leadership ESG Ambition Actions Taken  Carbon neutral by 2025 Material progress on Carbon Neutrality target • Retrofitting of RTGs completed; Retrofitting of Quay Cranes in progress with completion in FY23 • Order already placed for 100 Battery-operated EITVs; orders for balanc

  43. Slide 43: Targeting ESG leadership

    APSEZ: Targeting ESG leadership ESG Ambition Actions Taken  Ensure biodiversity • Biodiversity initiatives yielding concrete results • Mangrove conservation areas increases to 2850 Ha, and afforestation to 3390 Ha conservation • Restoration project initiated on 10 Ha grassland ecosystem at Kutch in

  44. Slide 44: Environmental performance - FY22

    APSEZ: Environmental performance - FY22  Over achievement against targets on most indicators/ metrics Indicator FY25 Target FY22 Target Status: FY22 Energy & Emission RE share in total electricity* 100% 15% 22% Emission intensity reduction* 60% 35% 46% Water and Waste Water consumption intensity re

  45. Slide 45: Other key actions undertaken / in-progress

    APSEZ: Other key actions undertaken / in-progress • Roll-out of sustainable procurement policy and Information security policy • Climate Risk Vulnerability of individual port assessed; action plan being developed for implementation of adaptation measures across ports facing higher risk • ESMP roll-o

  46. Slide 46: G Annexures

    G Annexures STRICTLY CONFIDENTIAL

  47. Slide 47: Strategic Partnerships to drive growth

    APSEZ: Strategic Partnerships to drive growth Adani International Container Adani CMA Mundra Terminal Dhamra LNG Terminal Pvt Colombo West International Company Name Terminal Pvt Ltd Private Limited Ltd Terminal (Private) Limited Dhamra LNG terminal is a 5 MTPA LNG import & Asset Description Contain

  48. Slide 48: Port wise cargo and financial details

    Port wise cargo and financial details STRICTLY CONFIDENTIAL

  49. Slide 49: Mundra port - volume and financials FY22

    APSEZ: Mundra port - volume and financials FY22 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA* FY21 FY22 EBITDA Margin 5000 4,688 64% 4%  4377 4500 23.8 26.3 29 4000 38 3500 3,000 2931 3000 2500 144.38 150.24 2000 1500 1000 500 83 0 95 Revenue EBITDA Dry Total Container Liquid (incl. Crude) Dry To

  50. Slide 50: Mundra port - volume and financials Q4 FY22

    APSEZ: Mundra port - volume and financials Q4 FY22 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA* Q4 FY21 Q4 FY22 1400 EBITDA Margin 7%  1192 1177 61% 5.6 8.7 6.5 7.3 1200 1000 823 800 724 40.19 37.44 600 400 200 25.8 23.6 0 Revenue EBITDA Dry Total Container Liquid (incl. Crude) Dry Total Contain

  51. Slide 51: Krishnapatnam port - volume and financials FY22

    APSEZ: Krishnapatnam port - volume and financials FY22 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA* FY21 FY22 Port EBITDA 2000 1,882 Margin 69% 0.8 1.5 1800 2.4 1600 2.7 1400 1,297 1200 978 1000 19.80 40.12 800 691 600 400 16.3 200 36.3 0 Revenue EBITDA Dry Container (MMT)* Liquid Dry Container (

  52. Slide 52: Krishnapatnam port - volume and financials Q4 FY22

    APSEZ: Krishnapatnam port - volume and financials Q4 FY22 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA* Q4 FY21 Q4 FY22 Port EBITDA 600 0.3 7%  505 Margin 61% 0.2 0.3 470 500 1.3 400 355 289 300 10.05 9.35 200 100 8.5 0 8.9 Revenue EBITDA Dry Container (MMT)* Liquid Dry Container (MMT)* Liquid Q4

  53. Slide 53: Dhamra port - volume and financials FY22

    APSEZ: Dhamra port - volume and financials FY22 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA* FY21 FY22 Port EBITDA Margin 61% 3%  1800 3.4 1,574 3.8 1600 1489 1400 1200 945 962 1000 32.38 33.44 800 600 400 200 28.9 29.7 0 Revenue EBITDA Dry Liquid Dry Liquid FY21 FY22 • Handled highest ever annu

  54. Slide 54: Dhamra port - volume and financials Q4 FY22

    APSEZ: Dhamra port - volume and financials Q4 FY22 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA* Q4 FY21 Q4 FY22 EBITDA Margin 4%  450 62% 0.9 0.7 396 381 400 350 300 245 236 250 8.63 8.32 200 150 100 50 7.7 7.7 0 Revenue EBITDA Dry Liquid Dry Liquid Q4 FY21 Q4 FY22 • Revenue and EBITDA in line w

  55. Slide 55: Hazira port - volume and financials FY22

    APSEZ: Hazira port - volume and financials FY22 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA* FY21 FY22 EBITDA Margin 75% 13%  1800 1,542 3.5 4.2 1600 1400 1287 1,160 1200 11.5 972 8.8 1000 21.95 24.87 800 600 400 9.2 200 9.6 0 Revenue EBITDA Dry Container (MMT)* Liquid Dry Container (MMT)* Liqui

  56. Slide 56: Hazira port - volume and financials Q4 FY22

    APSEZ: Hazira port - volume and financials Q4 FY22 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA* Q4 FY21 Q4 FY22 EBITDA Margin 4%  400 376 349 75% 1.0 1.0 350 300 281 263 2.3 250 2.8 200 6.16 5.93 150 100 2.0 50 2.8 0 Revenue EBITDA Dry Container (MMT)* Liquid Dry Container (MMT)* Liquid Q4 FY21

  57. Slide 57: Dahej port - volume and financials FY22

    APSEZ: Dahej port - volume and financials FY22 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA* FY21 FY22 EBITDA Margin 450 424 65%, up 440 bps 37%  400 350 292 300 277 250 200 178 5.86 8.06 150 100 50 5.9 8.1 0 Revenue EBITDA Dry Dry FY21 FY22 • Dahej port registered positive cargo growth; added a

  58. Slide 58: Dahej port - volume and financials Q4 FY22

    APSEZ: Dahej port - volume and financials Q4 FY22 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA* Q4 FY21 Q4 FY22 120 108 EBITDA Margin 58%  65% up by 220 bps 100 80 73 71 60 1.29 2.04 46 40 20 2.0 0 1.3 Revenue EBITDA Dry Dry Q4 FY21 Q4 FY22 • Higher cargo volume on account of coal & minerals • Re

  59. Slide 59: Kattupalli port - volume and financials FY22

    APSEZ: Kattupalli port - volume and financials FY22 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA* FY21 FY22 EBITDA Margin 250 50% 0.3 0.61 16% 0.4 231 0.7 195 200 150 135 8.78 7.39 98 100 50 7.9 6.3 0 Revenue EBITDA Dry Containers (MMT)* Liquid Dry Containers (MMT)* Liquid FY21 FY22 • As part of

  60. Slide 60: Kattupalli port - volume and financials Q4 FY22

    APSEZ: Kattupalli port - volume and financials Q4 FY22 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA* Q4 FY21 FY22 70 EBITDA Margin 7% 0.1 0.2 0.4 0.7 59 53% 60 55 50 40 31 29 2.55 2.37 30 20 10 2.3 6.3 0 Revenue EBITDA Dry Containers (MMT)* Liquid Dry Containers (MMT)* Liquid Q4 FY21 Q4 FY22 • Lo

  61. Slide 61: Terminals at major ports & Dighi - volume and financials FY22

    APSEZ: Terminals at major ports & Dighi - volume and financials FY22 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA* FY21 FY22 EBITDA Margin 23%, up 390 bps 29%  500 466 450 2.9 400 362 7.0 350 300 250 14.13 18.25 200 150 105 11.2 100 68 50 11.2 0 Revenue EBITDA Dry Containers (MMT)* Dry Containers

  62. Slide 62: Terminals at major ports & Dighi - volume & financials Q4 FY22

    APSEZ: Terminals at major ports & Dighi - volume & financials Q4 FY22 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA* Q4 FY21 Q4 FY22 EBITDA Margin 15%  0.0 140 123 21% 0.0 120 1.1 99 100 1.8 80 4.30 4.96 60 40 26 3.1 20 4 3.1 0 Revenue EBITDA Dry Containers (MMT)* Liquid Dry Containers (MMT)* Liqu

  63. Slide 63: Adani Logistics and Harbour services- financials FY22

    APSEZ: Adani Logistics and Harbour services- financials FY22 (YoY, in INR Cr) Logistics Harbour Services EBITDA Margin EBITDA Margin 86% 1400 26%, up 280 bps 2000 1,797 1,208 1800 1200 1,548 1600 1408 958 1000 1400 1266 800 1200 1000 600 800 400 320 600 226 400 200 200 0 0 Revenue EBITDA Revenue EBI

  64. Slide 64: Adani Logistics and Harbour services- financials Q4 FY22

    APSEZ: Adani Logistics and Harbour services- financials Q4 FY22 (YoY, in INR Cr) Logistics Harbour Services EBITDA Margin 400 EBITDA Margin 500 86% 363 29%, up 520 bps 450 429 350 400 365 368 300 268 350 319 250 300 200 250 150 200 106 150 100 64 100 50 50 0 0 Revenue EBITDA Revenue EBITDA Q4 FY21 Q

  65. Slide 65: Acquisition of Gangavaram Port (GPL) – Update

    APSEZ: Acquisition of Gangavaram Port (GPL) – Update (YoY, in INR Cr) Particulars (INR Cr) FY21 FY22 Growth (YoY) • APSEZ is currently holding 41.9% stake in Gangavaram Port Cargo 32 30 -7% Ltd. (GPL) and accounts the same as an ‘associate’. Operating Revenue 1057 1,206 14% • GPL is valued at Rs. 12

  66. Slide 66: Consolidated financial performance – SEBI format

    APSEZ: Consolidated financial performance – SEBI format (` in crore) Quarter Ended Year Ended Sr. March 31, December 31, March 31, March 31, March 31, Particulars 2022 2021 2021 2022 2021 No Unaudited Unaudited . Unaudited Audited Audited (Refer Note 18) (Refer Note 18) 1 Income a. Revenue from Oper

  67. Slide 67: Major Ports – Total Cargo Handled (MMT)

    APSEZ: Major Ports – Total Cargo Handled (MMT) Ports FY21-22 FY20-21 Inc/(Dec) % Deendayal (Kandla) 127.10 117.57 8% Paradip 116.13 114.55 1% JNPT 76.00 64.81 17% Visakhapatnam 69.03 69.84 -1% Mumbai 59.89 53.32 12% Chennai 48.56 43.55 12% Haldia Dock Complex 42.88 45.47 -6% New Mangalore 39.30 36.5

  68. Slide 68: Major Ports – Containers Volume

    APSEZ: Major Ports – Containers Volume Container Cargo (000' TEUs) Ports FY22 FY21 Inc/(Dec) % J.N.P.T. 5685 4677 22% Chennai 1602 1387 16% V.O.Chidambaranar 781 762 2% Cochin 736 690 7% Kolkata Dock System 570 538 6% Deendayal 493 515 -4% Visakhapatnam 512 481 6% Kamarajar(Ennore) 480 201 139% Hald

  69. Slide 69: Thank You

    Thank You Details Annexed in Linked File 1. Port-wise Cargo Volume Break up FY22 2. Ports and Logistics Vertical Key Financial Performance FY22 Please open the file in PDF reader and double click on the icon to open -

  70. Slide 70: 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 Ports and Special Economic Zone Limited (“APSEZL”),the future outlook and grow

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