Adani Energy Solutions Ltd · NSE:ADANIENSOL
Adani Energy Solutions — Investor Presentation (May 2024)
27 slides from Adani Energy Solutions's investor presentation, May 2024
Slide 1: Adani Energy Solutions Limited
Adani Energy Solutions Limited
Slide 2: Table of Contents
Table of Contents 1 Adani Portfolio 2 About Adani Energy Solutions Limited (AESL) 3 Growth Drivers 4 AESL Strategic Advantages 5 Historical Performance 6 ESG and Board & Management
Slide 3: Adani Portfolio
01 Adani Portfolio STRICTLY CONFIDENTIAL
Slide 4: 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%) (72.61%) (100%) (50.00%) (100%) (100%) ANIL Ada
Slide 5: Adani Portfolio: Decades long track record of industry best growth with national footprint
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. ATGL Platfo
Slide 6: Adani Portfolio: Repeatable, robust & proven transformative model of investment
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 7: About Adani Energy Solutions Limited (AESL)
02 About Adani Energy Solutions Limited (AESL) STRICTLY CONFIDENTIAL
Slide 8: Holding Structure and Portfolio Overview
Holding Structure and Portfolio Overview Adani Family 73.2% 6.8%(1) 25.1% Transmission Distribution Smart Metering District Cooling 100% 100% 74.9%(2) 100% 100% 100% 100% Section 63 Section 62 AEML MUL Parallel License Letter of Award BOT Opportunities Fixed tariff(2) RAB Assets Mumbai Mundra (under
Slide 9: Transmission Portfolio – Presence Across the Country
Transmission Portfolio – Presence Across the Country 16 ~21,182 ~57,011 MUL (85 sq km) States ckt km MVA (including smart Transmission Transmission metering) Line Capacity No Operational Ckt Kms 22 LBTL 351 1 MEGPTCL 1,217 23 JKTL 37 2 ATIL (3 lines) 3,834 24 MUL 237 3 ATSCL 97 25 WKTL 1,756 4 MTSCL
Slide 10: AEML Distribution: India's No. 1 power utility
AEML Distribution: India's No. 1 power utility, as per MoP, McKinsey, PFC (Scored 99.6/100) Largest Integrated utility in India’s Commercial Capital - Mumbai AEML – Key Milestones Since Acquisition RAB Addition (Rs Crs) Capitalised RAB (Rs Crs) About Mumbai 8,667 8th Most Populous City in World 8,48
Slide 11: MPSEZ Utilities Limited (MUL) - Overview
MPSEZ Utilities Limited (MUL) - Overview Mundra SEZ is strategically located with well developed supporting RAB(1) (Rs Cr) infrastructure serving as an attractive industrial hub 55%, RAB FY24 – Electricity Distribution for Mundra SEZ area 45%, 28 23 Rs 50 Cr – Catering primarily to commercial and in
Slide 12: Smart Metering Business
Smart Metering Business List of awarded projects LoA Awarded Contract Sign Number of Project Capex Month / LOA Meters (in Mn) (INR Cr) L1 (Negotiation Stage) Maharashtra Tender Ongoing Mumbai Mar-23 1.1 641 Under Evaluation Bhandup, Kalyan & Kokan Aug-23 8.0 4,731 Punjab Pune & Baramati Aug-23 5.2 3
Slide 13: Growth Drivers
03 Growth Drivers STRICTLY CONFIDENTIAL
Slide 14: Strong Underlying Fundamentals Driving Demand for Transmission Infrastructure
Strong Underlying Fundamentals Driving Demand for Transmission Infrastructure Huge Growth in Power Demand Attractive Industry Opportunity Growing Private Participation Transmission Lines ('000 ckms) Total Generation (TWh) Overall Investment over 10-15 years: INR 8,180 Bn ($98 bn) Transformation Capa
Slide 15: Distribution and Parallel License Opportunity
Distribution and Parallel License Opportunity (1) – Power distribution is one of the largest consumer facing sectors in the country. 96.7% of ~270 mn households in India are connected to the grid and primarily owned and operated by state governments – AESL’s Distribution platform intends to position
Slide 16: Smart Metering Opportunity
Smart Metering Opportunity Need for Smart Meters1 Government Initiative – Smart meters enable demand side management, better efficiency & technological transformation to improve quality of power supply – Hence, GoI targets of deploying 250 mn smart meters by FY26 by allocating High AT&C ACS-ARR gap
Slide 17: AESL Strategic Advantages
04 AESL Strategic Advantages STRICTLY CONFIDENTIAL
Slide 18: Business Philosophy focusing on De-risking at every stage of project lifecycle
Business Philosophy focusing on De-risking at every stage of project lifecycle DE-RISKING AT EVERY STAGE Route Identification & Survey Project Execution − Complex projects experience: Completed HVDC project − Route alignment on topographic maps to optimize route & identify (~1000 kms) in a record ti
Slide 19: Project Management & Assurance Group (PMAG) - End to End Project Integration
Project Management & Assurance Group (PMAG) - End to End Project Integration Bidding, Site Scouting Project Development & Basic Engineering Execution Operations Concept Integrated Project Management Commissioning Strength: Team of 90 professionals having hands-on experience of 2,000+ man-years of co
Slide 20: Operational Excellence Driving Outperformance
Operational Excellence Driving Outperformance Availability-based payments translates operational excellence into maximum visibility on revenue visibility Operations routinely exceed required revenue and incentive benchmarks on a run-rate basis Benchmark Performance Availability Performance vs Benchm
Slide 21: Capital Management Philosophy to achieve growth at scale with capital discipline
Capital Management Philosophy to achieve growth at scale with capital discipline AESL is the only private sector transmission and distribution company in India with International IG Rating – Long life contracted assets with sovereign counterparties in a stable regulatory regime (Transmission: 35-yea
Slide 22: Historical Performance
05 Historical Performance STRICTLY CONFIDENTIAL
Slide 23: Snapshot
Snapshot Transmission Distribution Trading Smart Metering Total International Ratings and Debt Maturity Revenue (INR Cr) 16,607 Metrics FY16 FY24 1,030 13,293 Credit Rating (Investment Grade) BBB- / Baa3 BBB- / Baa3 11,416 11,257 756 9,927 822 925 10,172 Average maturity 5.8 years 7.3 years 757 7,30
Slide 24: ESG
06 ESG STRICTLY CONFIDENTIAL
Slide 25: ESG Targets & Recognition
ESG Targets & Recognition AESL Targets AEML Targets AESL has pledged to be FY25 FY24 ‘Net Zero by 2050’ Indicator FY30 FY27 FY24 Target Status Indicator Target Target Status Ranking in Global ESG benchmarking AESL is developing an Top 10 Top 201 RE power purchase 70% 60% 35% HVDC Transmission link f
Slide 26: Board & Board Committee
Board & Board Committee Board of Directors Board Committees Independent Directors 100% Chaired Chaired IDs by IDs by NID Statutory Committees Meera Shankar Lisa MacCallum 40% - Audit 🗹 Comprised of only 45+ Yrs of Experience 25+ Yrs of Experience - NRC 🗹 Independent Directors Skill & Expertise •…
Slide 27: Thank You
Thank You
Adani Energy Solutions — Investor Presentation (May 2024) on 6ix