Adani Enterprises Limited · NSE:ADANIENT
Adani Enterprises — Debt Investor Presentation (September 2024)
32 slides from Adani Enterprises's debt investor presentation, Sep 4, 2024
Slide 1: Adani Enterprises Limited Issue Schedule
Adani Enterprises Limited Issue Schedule* Issue Opens on - September 4, 2024 Issue Closes on - September 17, 2024
Slide 2: Disclaimer
Disclaimer The Issue shall remain open for subscription on Working Days from 10:00 A.M. to 5:00 P.M. (Indian Standard Time) during the period indicated above, except that the Issue may close on such earlier date or extended date (subject to a minimum period of three (3) working days and a maximum pe
Slide 3: 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 4: Contents
Contents 01 AEL Overview 02 Business Updates 03 Operational and Financial Highlights – FY24 04 ESG Focus 05 NCD Issue Details Home outline Hamburger Menu Icon with solid fill
Slide 5: Adani Enterprises Limited Overview
01 Adani Enterprises Limited Overview STRICTLY CONFIDENTIAL
Slide 6: Adani Portfolio: An overview of Infrastructure & Utility portfolio
Adani Portfolio: An overview of 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 Ad
Slide 7: AEL: A successful incubator
AEL: A successful incubator Attractive Incubation Record Green Hydrogen Ecosystem Business Model Proven incubation success record Integrated manufacturing for generating B2B Model Development low-cost green hydrogen ANIL Ecosystem, Data Center, Roads Year 2015 > APSEZ, APL & AESL B2C Model Ingots, w
Slide 8: AEL: Journey So Far
AEL: Journey So Far INR INR Past Incubation Success Stories: Creating Decacorns Market Cap 150 7,88,854 Company Overview Ranked as ‘Largest Solar (USD bn)1 In Nov 1994 In June 2024* Power Developer in the 34.0 World’ by Mercom Capital in Achieves > 33% CAGR August 2020 Versus Index^ @ 10% India’s la
Slide 9: 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 (End to end Green H2 Airports Food FMCG Mining Services C
Slide 10: Business Updates
02 Business Updates STRICTLY CONFIDENTIAL
Slide 11: AEL: Business Updates | Energy and Utility
AEL: Business Updates | Energy and Utility Photo Gallery 4 GW 2 GW 53% Solar Manufacturing Monocrystalline Market share in Cell and Module Manufacturing ingot and wafer PV cell installed plant capacity 1.5 GW 254 Adani New Wind Turbine Industries Generators Manufacturing Certification for Wind turbi
Slide 12: AEL: Business Updates | Energy and Utility
AEL: Business Updates | Energy and Utility Photo Gallery 17 MW 80%+ 210 MW Powering and ACXs’ first data Completion of Order book from Data Centers storing India’s data center at data center large global in India Chennai already projects at Noida customers with operational and Hyderabad long term co
Slide 13: AEL: Business Updates | Transport and Logistics
AEL: Business Updates | Transport and Logistics Photo Gallery 88.6 Mn 8 Airports New Assets Connecting India Passengers India’s largest New Terminal through a Building at Airports consumer focused served, portfolio of Lucknow representing airport assets, of offering 19% growth over which 7 are opera
Slide 14: AEL: Business Updates | Primary Industries
AEL: Business Updates | Primary Industries Photo Gallery 9 82.1 MT 11.2 MT Ensuring Energy Services and security for the Mining service contracts(1) from Cargo handed under the Coal produced and shipped at Mining country SOE Integrated the Carmichael Resource mine, Australia 5 operational management
Slide 15: Operational and Financial Highlights – FY24
03 Operational and Financial Highlights – FY24 STRICTLY CONFIDENTIAL
Slide 16: AEL: Strong FY24 consolidated performance on the back of continued operational strength
AEL: Strong FY 24 consolidated performance on the back of continued operational strength Strong Financial Performance PAT attributable Income EBITDA EBIT PBT Net Worth to Owners ₹98,281.51 Cr ₹13,237.13 Cr ₹10,194.98 Cr ₹4,924.91 Cr ₹3,239.55 Cr ₹44,186.29 Cr Backed by Robust Operational Performance
Slide 17: AEL: Consolidated Financials Highlights – FY24
AEL : Consolidated Financials Highlights – FY24 All amounts are Rs in Crores Income EBIDTA 32.21% PBT 52.10% 13,237.13 128,734.09 4,924.91 10,012.28 98,281.51 3,237.92 218% FY-23 FY-24 FY-23 FY-24 FY-23 FY-24 ✓ Growth driven by ANIL Ecosystem, Airports & ✓ Increased on account of ✓ Increased in line
Slide 18: AEL: Segment-wise Financial Highlights – FY24
AEL : Segment-wise Financial Highlights – FY24 All amounts are Rs in Crores Incubating Businesses 32% Established Businesses 56% ANIL Ecosystem Airports IRM Mining Services 8741.10 8061.73 98920.22 2360.56 Total Income 2337.37 5988.67 62358.55 3567.16 FY-23 FY-24 FY-23 FY-24 FY-23 FY-24 FY-23 FY-24
Slide 19: AEL: Consolidated Key Metrics
AEL: Consolidated Key Metrices EBIDTA Figures YoY (2) Total Debt / Total Assets(1) Net Debt(1) / Equity 0.91 13,237.13 0.31 0.27 0.70 10,012.28 0.59 0.19 4,570.03 FY22 FY23 FY24 FY22 FY23 FY24 FY22 FY23 FY24 Net Debt(1) / EBITDA Debt Service Coverage Ratio Interest Service Coverage Ratio 5.38 4.93 3
Slide 20: AEL: Standalone Key Metrics
AEL: Standalone Key Metrices EBIDTA EBITDA Figures YoY (2) Total Debt / Total Assets(1) Net Debt(1) / Equity 0.19 0.57 4,576.17 0.14 3,068.60 0.07 0.22 1,653.63 0.10 FY22 FY23 FY24 FY22 FY23 FY24 FY22 FY23 FY24 Net Debt(1) / EBITDA Debt Service Coverage Ratio Interest Service Coverage Ratio 1.81 4.2
Slide 21: ESG Focus
04 ESG Focus STRICTLY CONFIDENTIAL
Slide 22: AEL: ESG – Ratings, Awards and Recognition
AEL : ESG – Ratings, Awards and Recognition Ratings DJSI CSA Due to controversies surrounding the group, the base score of 61/100 was adjusted to 49/100 which is 49 (2023) significantly better than average industry average score of 20/100 CDP - CC B Management level denotes that the company is takin
Slide 23: AEL: ESG Performance Highlights FY24
AEL : ESG Performance Highlights FY24 Incubating Business Primary Industry ANIL Ecosystem Airports Business Mining Services Business 14% 57% 9% 16% RE in energy RE in energy mix mix Y-o-Y reduction1 in Scope 1 Y-o-Y reduction1 in Scope 2 emission intensity3 emission intensity3 Airports Business 19%
Slide 24: Governance Philosophy
Governance Philosophy Policies Committees Assurance − ESG Policy − Climate Change Policy − Energy Management Policy − Corporate Responsibility Committee − Water Stewardship Policy − Risk Management Committee − Resource Conservation Policy Corporate − Biodiversity Policy Responsibility Committee (CRC
Slide 25: NCD Issue Details
05 NCD Issue Details STRICTLY CONFIDENTIAL
Slide 26: AEL: Key Features of the Issue
AEL : Key Features of the Issue Instruments • Secured, Rated, Listed, Redeemable, Non-convertible debentures Tranche I Issue Size • Base Issue of up to ₹ 400 crore with an option to retain oversubscription up to ₹ 400 crore aggregating up to ₹ 800 crore • NCD’s with tenor options of 24 months, 36 mo
Slide 27: Specific Terms for Each Series of Secured NCDs
Specific Terms for Each Series of Secured NCDs Series I II III IV* V VI VII VIII Frequency of Interest Annual Cumulative Quarterly Annual Cumulative Quarterly Annual Cumulative Payment Tenor 24 Months 24 Months 36 Months 36 Months 36 Months 60 Months 60 Months 60 Months Coupon (% per annum) for NCD
Slide 28: Eligible Investors
Eligible Investors • Public financial institutions, scheduled commercial banks, and Indian multilateral and bilateral development financial institutions which are authorised to invest in the NCDs; • Provident funds and pension funds with minimum corpus of ₹ 25 crore, and superannuation funds and gra
Slide 29: Eligible Investors (HNIs and Retail)
Eligible Investors Category 3: High Net-worth Resident Indian individuals or Hindu Undivided Families through the Karta applying for an amount aggregating to above ₹10 Lakh across all Series Individual of NCDs in Issue Investors (“HNIs”) Category 4: Resident Indian individuals or HUFs applying throu
Slide 30: Investor Category / Allocation Ratio
Investor Category / Allocation Ratio Allocation Type of Investor Category Ratio Institutional Investors Category I Investors 10% Non-Institutional Investors Category II Investors 30% High Net-worth Individual Investors Category III Investors 30% Retail Individual Investors Category IV Investors 30%
Slide 31: AEL: Intermediaries to the Issue
AEL : Intermediaries to the Issue Lead Managers Trust Investment Advisors Private Limited A. K. Capital Services Limited Nuvama Wealth Management Limited Registrar Link Intime India Private Limited Debenture Trustee Catalyst Trusteeship Limited Home outline Hamburger Menu Icon with solid fill 31
Slide 32: Thank You
Thank You V20- credit metrices threshold change after Robbie sir’s comment
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