Adani Ports & Special Economic Zone Ltd · NSE:ADANIPORTS

Adani Ports & Special Economic Zone — Q3 FY21 Earnings Presentation

39 slides from Adani Ports & Special Economic Zone's earnings presentation, Feb 9, 2021

  1. Slide 1: Adani Ports and SEZ Limited Q3 FY21

    Adani Ports and SEZ Limited Q3 FY21

  2. Slide 2: Contents

    Contents A Group profile B Company profile C Operational highlights D Financial highlights E ESG, CSR F Outlook G Annexures 2

  3. Slide 3: Adani Group: A world class infrastructure & utility portfolio

    Adani Group: A world class infrastructure & utility portfolio Energy & Utility Adani Transport & Logistics Portfolio Portfolio • Marked shift from B2B to B2C businesses– 63.5% 100% 75% 55% • ATGL – Gas distribution network to serve key APSEZ SRCPL ATL AGEL geographies across India Port & Logistics R

  4. Slide 4: Adani Group: Decades long track record of industry best growth rates across sectors

    Adani Group: Decades long track record of industry best growth rates across sectors Port Cargo Throughput (MT) Renewable Capacity (GW) Transmission Network (ckm) CGD7 (GAs8 covered) 161% 45% 12% 21% 2.5x 6x 3x 30% 1.5x 5% 7% 25% Industry Adani APSEZ Industry AGEL Adani Industry ATL Industry AGL 2014

  5. Slide 5: Adani Group: Repeatable, robust & proven transformative model of investment

    Adani Group: Repeatable, robust & proven transformative model of investment Phase Development Operations Post Operations Origination Site Development Construction Operation Capital Mgmt Activity • Site acquisition • Engineering & design • Redesigning the • Analysis & market • Life cycle O&M capital

  6. Slide 6: APSEZ: Transformational journey

    APSEZ : Transformational journey Industry Business • 2.5x growth compared to market achieved without • From a single port single commodity to an integrated dilution in equity. logistics platform. • Growing responsibly with a sustainable approach. • 90% of economic hinterland coverage. • Integrated l

  7. Slide 7: Company Profile

    adani Ports and Logistics Company Profile

  8. Slide 8: APSEZ: Largest private transport utility

    APSEZ : Largest private transport utility APSEZ – Dhamra Port Ports Ports One Oneto totwelve ten in in Import - Export - Steel twenty twentyyears years Coking coal (HRC/CRC) 2x Port income String of Ports Ports of Prosperity Port gate to 2x Warehousing Warehousing SEZ customer gate Warehousing SEZ i

  9. Slide 9: Largest private transport utility – Presence across Ports, Logistics and SEZ

    APSEZ : Largest private transport utility – Presence across Ports, Logistics and SEZ West Coast East Coast FY06 FY21 Capacity 327 MMT Capacity 163 MMT Dahej 14 MMT Moga Kanech Kilaraipur 1 Port 12 * Tuna Kotkapura Patli Dhamora 10 MMT Capacity 490 MMT 14 Kannauj MMT Samastipur and Darbhanga Kishanga

  10. Slide 10: Operational and Financial Highlights

    Operational and Financial Highlights

  11. Slide 11: Operational highlights – Q3 FY21

    APSEZ : Operational highlights – Q3 FY21 (YoY) • Double-digit growth in all types of cargo. Highest ever quarterly cargo 37% volume of 76 MMT • Dry bulk grew by 42%, container by 36% and liquid cargo including crude by 24%. • Double digit growth : Mundra 25%, Dahej 29%, Hazira Volume excluding Krish

  12. Slide 12: Cargo volume comparison – Q3 FY21

    APSEZ : Cargo volume comparison – Q3 FY21 (YoY) 5x growth 90  37% 90 300  7% 274 80 76 80 257 220 70 70 250 • Higher cargo volume growth 60 56 60 200 170 compared to all India due to : 50 50 40 40 2.8x growth 120 • higher growth in container of 30 150 30 22 30 71 36% and liquid (incl. crude) of 20

  13. Slide 13: Balanced cargo composition

    APSEZ : Balanced cargo composition 56% 51% 48% 45% 44% 45% 44% 41% 41% 41% 42% 37% 32% 29% 17% 15% 15% 15% 14% 14% 14% FY15 FY16 FY17 FY18 FY19 FY20 9M FY21 Dry Liquid (incl. Crude) Container 13

  14. Slide 14: Financials highlights – Q3 FY21

    APSEZ : Financials highlights – Q3 FY21 Operating revenue at Rs.3,746 cr. 12% • On the back of 37% growth of cargo volume, Port EBITDA* at Rs.2,488 cr. 9% revenue grew by 35% and port EBITDA by 38%. • Optimal utilization of resources helped in improving Port revenue at Rs.3,279 cr. 35% Port EBITDA m

  15. Slide 15: Financials – Q3 FY21

    APSEZ : Financials – Q3 FY21 (YoY - Rs. in cr.) 3,746 12% 9% 2,488 2,287 3,336 • Operating Revenue and EBITDA grew on the back of growth in port revenue of 35% and growth in logistics revenue of 8% Q3 FY20 Q3 FY21 Q3 FY20 Q3 FY21 • EBITDA growth lower than revenue growth due to lower SEZ income^. •

  16. Slide 16: Segment wise Operating Revenue & EBITDA – Q3 FY21

    APSEZ : Segment wise Operating Revenue & EBITDA* - Q3 FY21 (YoY - Rs. in cr.)  35%  8% • Port revenue growth was on account of 3,279 240 259 37% growth in cargo volume. 2,424  6% • Growth in port revenue is lower than 130 138 cargo volume growth due to higher cargo  15% handled at JV terminals w

  17. Slide 17: Environment Social & Governance and CSR

    Environment Social & Governance and CSR • Committed to reduce carbon emission and become carbon neutral by 2025. • Efficient use of water and energy from cleaner sources • Reduction of emission levels • Zero tolerance for fatalities at ports

  18. Slide 18: ESG update Q3 FY21

    APSEZ : ESG update Q3 FY21 Quarterly Performance Initiatives till date Energy Intensity* Emission Intensity* Wind Energy # Solar Energy# 3%↑ 2%↓ 6 MW 14 MW 186 GJ/Revenue 24 tCO2e/Revenue Waste Management* Terrestrial Plantation Mangrove Water Intensity* 2889 Ha - Afforestation 0.5 % ↑ 97% 1.1 Milli

  19. Slide 19: ESG performance trend

    APSEZ : ESG performance trend Energy RE Share 570000 250 7% 202 6% 189 560000 550000 182 182 174 200 6% 540000 161 162 5% 4% 530000 150 4% 4% 4% Q3 FY21 (YoY basis) 4% 520000 3% 3% 2% 555663 503524 526556 535639 • 69% increase in renewables 558272 510000 532347 100 521791 500000 2% 490000 50 share i

  20. Slide 20: ESG performance

    APSEZ : ESG performance Water Consumption 1400 0.46 0.45 0.50 0.45 1200 0.33 0.31 0.32 0.27 0.40 1000 0.22 0.35 0.30 800 0.25 600 0.20 1300 0.15 1134 400 945 929 924 955 776 0.10 200 0.05 0 0.00 Q3 FY21 (YoY basis) Q1 Q2 Q3 Q4 Q1 Q2 Q3 FY20 FY21 • 162 ML of treated wastewater reused by horticulture

  21. Slide 21: CSR activities enabling social transformation

    APSEZ : CSR activities enabling social transformation Adani Foundation’s presence across India Social Initiatives through Adani Foundation1 : Core Areas Education Community Health Sustainable Livelihood Community Infrastructure Inclusive Growth, Safety & Other Initiatives at APSEZ • Hiring a diversi

  22. Slide 22: Outlook FY21

    APSEZ : Outlook FY21  In the range of 225 MMT - 230 MMT excluding KPCL.  KPCL volume in H2 FY21 to be around 20 MMT.  Mundra ~142, Hazira ~22, Dhamra ~32 and Kattupalli ~ 9 to 10 MMT.  Consolidated revenue expected to be around Rs.12,700 cr.  Port revenue to be around Rs.10,800 cr.  Logistics

  23. Slide 23: Annexures

    Annexures • Port wise cargo and financial details • Operational and Financial highlights 9M FY21 • ESG philosophy • Results - SEBI Format • Annexed File – Cargo and Financial Details

  24. Slide 24: Mundra port cargo volume – Q3 FY21

    ASPEZ : Mundra port cargo volume – Q3 FY21 (YoY - Rs. in cr.) Q3 FY21  10% Q3 FY20  25% 1305 1183  9% EBITDA 5.9 7.2 11.1 11.9 888 margin 68% 813 33.87 42.31 16.9 23.2 Revenue EBITDA Dry Container Liquid (incl. Crude) Dry Container Liquid (incl. Crude) Q3 FY20 Q3 FY21 • Continues to be the larges

  25. Slide 25: Krishnapatnam port - volume and financials Q3 FY21

    APSEZ : Krishnapatnam port - volume and financials Q3 FY21 ( Rs. in cr.) EBITDA margin expanded from 54% in Jan ‘20 to 71% in Dec ’20, Q3 FY21 0.5 De-bottlenecking of current capacities and better utilization results in 1.4 improvement in realization through - • Operational process re-engineering 6.

  26. Slide 26: Dhamra port - volume and financials Q3 FY21

    APSEZ : Dhamra port - volume and financials Q3 FY21 (YoY - Rs. in cr.) Q3 FY20 Q3 FY21  10%  10% 410 EBITDA 374 margin 66% 1.0 0.8  14% up 250 bps 271 238 8.27 9.09 7.3 8.3 Revenue EBITDA Dry Liquid Dry Liquid Q3 FY20 Q3 FY21 • Highest ever cargo volume in a quarter. • EBITDA growth of 14% in lin

  27. Slide 27: Hazira port - volume and financials Q3 FY21

    APSEZ : Hazira port - volume and financials Q3 FY21 (YoY - Rs. in cr.) Q3 FY20 Q3 FY21  1%  14% EBITDA 0.8 1.0 341 339  3% margin 76% up 270 bps 249 256 5.52 2.4 6.32 2.8 2.3 2.5 Revenue EBITDA Dry Container (MMT)* Liquid Dry Container (MMT)* Liquid Q3 FY20 Q3 FY21 • Growth in Liquid cargo of 24%

  28. Slide 28: Kattupalli port - volume and financials Q3 FY21

    APSEZ : Kattupalli port - volume and financials Q3 FY21 (YoY - Rs. in cr.) Q3 FY20  15% Q3 FY21  6% EBITDA 0.0 0.1 0.2 0.2 67 margin 60% 63 up 540 bps  3% 37 38 2.90 2.48 2.7 2.2 Revenue EBITDA Dry Containers (MMT)* Liquid Dry Containers (MMT)* Liquid Q3 FY20 Q3 FY21 • Cargo volume was lower by 1

  29. Slide 29: Dahej port - volume and financials Q3 FY21

    APSEZ : Dahej port - volume and financials Q3 FY21 (YoY - Rs. in cr.) Q3 FY20  29% Q3 FY21  20% EBITDA margin 60% 98  28% up 380 bps 82 59 1.67 2.16 46 Revenue EBITDA Dry Dry Q3 FY20 Q3 FY21 • Growth in revenue is lower due to increase in low realization trading coal volume. • EBITDA growth highe

  30. Slide 30: Terminals at major ports - volume and financials Q3 FY21

    APSEZ : Terminals at major ports - volume and financials Q3 FY21 (YoY - Rs. in cr.) Q3 FY20  25% Q3 FY21  44% EBITDA 0.4 margin 30% 0.9 116 up by 16% 81 3.48 4.34  204% 35 3.5 11 3.1 Revenue EBITDA Dry Containers (MMT)* Dry Containers (MMT)* Q3 FY20 Q3 FY21 • Higher container volume at Ennore and

  31. Slide 31: Adani Logistics and Harbour services - financials Q3 FY21

    APSEZ : Adani Logistics and Harbour services - financials Q3 FY21 (YoY - Rs. in cr.)  8%  15% 403  19% 259 EBITDA EBITDA 240 366 margin 26% 351 margin 91% up 160 bps 308 up 270 bps  16% 67 58 Revenue EBITDA Revenue EBITDA Q3 FY20 Q3 FY21 Q3 FY20 Q3 FY21 • Increase in logistics revenue and EBITDA

  32. Slide 32: 9M FY21 Financials

    9M FY21 Financials

  33. Slide 33: Cargo volume comparison – 9M FY21

    APSEZ : Cargo volume comparison – 9M FY21 (MMT) 6x growth 200 200 800 764 800  5% 174 750  7% 707 750 180 165 180 700 700 • APSEZ registered a growth while all 160 160 650 650 600 600 India cargo continues to have a de- 140 140 550 550 120 120 500 500 growth. 450 450 2.5x growth 100 100 400 350 40

  34. Slide 34: Financials – 9M FY21

    APSEZ : Financials – 9M FY21 (YoY - Rs. in cr.) 8,952 8,942 -2% 5,921 5,776 • Revenue and EBITDA at similar levels of FY20 in spite of lower SEZ income^. 9M FY20 9M FY21 9M FY20 9M FY21 • PBT and PAT growth was higher due to forex gain (gain of Rs.691 cr. in 9M FY21 vs loss of Rs.622 cr. in 9M FY20.

  35. Slide 35: Segment wise Revenue & EBITDA – 9M FY21

    APSEZ : Segment wise Revenue & EBITDA* - 9M FY21 (YoY - Rs. in cr.)  6%  2% 7,615 7,211 677 690  10% 412 374  9% 178 194 • Growth in port revenue and EBITDA is in line with cargo Ports Logistics O&M Operations Others volume growth. 9M FY20 9M FY21 9M FY20 9M FY21 • Increase in logistics revenue

  36. Slide 36: ESG philosophy

    APSEZ : ESG philosophy  Adherence to global environment guidelines like – Disclosure in CDP – Climate Change and Water Security, SBTi; Supporter of TCFD, Member of IUCN  All port certified with Integrated Management System (ISO 9001, 14001 & 45001) and 4 ports with Energy Management System (ISO 50

  37. Slide 37: Consolidated financial performance – SEBI format

    APSEZ : Consolidated financial performance – SEBI format (` in crore) Quarter Ended Nine Month Ended Year Ended Sr. December 31, September 30, December 31, December 31, December 31, March 31, No Particulars 2020 2020 2019 2020 2019 2020 . Unaudited Unaudited Audited 1 Income a. Revenue from Operatio

  38. Slide 38: Details Annexed in Linked File

    APSEZ – Details Annexed in Linked File 1. Port-wise Cargo Volume Q3 and 9M FY21 2. Ports and Logistics Vertical Key Financial Performance Q3 FY21 and 9M FY21 Please double click on the icon to open -

  39. Slide 39: Investor Relations Team

    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 growth prospect

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