Adani Green Energy Limited · NSE:ADANIGREEN
Adani Green Energy — Shareholder Meeting (June 2024)
32 slides from Adani Green Energy's shareholder meeting presentation, Jun 25, 2024
Slide 1: Adani Green Energy Limited 9th Annual General Meeting
Adani Green Energy Limited 9th Annual General Meeting June 25, 2024 Photo: AGEL’s Solar-Wind Hybrid plants at Jaisalmer, Rajasthan
Slide 2: Table of Contents
Table of Contents 1 Adani Portfolio – Overview 2 AGEL: Company Profile 3 AGEL: Performance and Key Developments – FY24 4 AGEL: Strategic Advantages 4a Development & Execution Excellence 4b Operational Excellence 4c Capital Management Philosophy 5 AGEL: ESG Highlights 6 AGEL: Investment Rationale 2
Slide 3: Adani Portfolio
adani Renewables O17 Adani Portfolio
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 Growth 3x 6 Growth 1.4x 6 APSEZ 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: AGEL: Replicating Group's Simple yet Transformational Business Model
AGEL: Replicating Group's Simple yet Transformational Business Model Secure Sites & Connectivity Resource Assessment Construction Readiness ~2,50,000 acres of resource rich Geotechnical studies Development sites for renewable in strategic locations 50+ GW potential & Special studies (AIIL) Resource
Slide 8: Adani Green Energy Limited (AGEL): Company Profile
02 Adani Green Energy Limited (AGEL): Company Profile Photo: AGEL’s Solar plant at Anjar, Gujarat
Slide 9: AGEL: Committed to a sustainable future
AGEL: Committed to a sustainable future Holding Structure ESG Ratings Adani Family Ranked 1st in Asia Ranked Top 10 Scored 70/100, and amongst Top Globally one of the best in 5 globally in RE India Electric 56.4% sector Utility 19.7% 12.8% #1 Constituent of CSRhub (Consensus Other Public Ranking in
Slide 10: AGEL: Leading India's Energy Transition
AGEL: Leading India’s Energy Transition Focused on delivering Increased focus on C&I and Fully funded growth with renewable power and Merchant opportunities to disciplined capital storage solutions maximize value creation management Developing renewable Driving operational Setting new benchmarks in
Slide 11: AGEL: Renewable energy portfolio evolution up to 2030
AGEL: Renewable energy portfolio evolution up to 2030 Today 2030 100% Must-run Portfolio Resource Mix 10.9 GW 50 GW 25-Year Fixed tariff PPAs to contribute majority of the portfolio Attractive tariffs in merchant and C&I 6% 15% Strong counterparty profile across the Contract Mix 85% portfolio 94% 25
Slide 12: AGEL: Growth & Cash Generation Capability De-risked
AGEL: Growth & Cash Generation Capability De-risked Operational Capacity & EBITDA from Power Supply EBITDA from Power Suppply (INR Cr.) 43% CAGR 10,934 Run-rate EBITDA of Operational Capacity (MW) 8,086 Rs. 10,462 Cr. 34% CAGR 7,222 5,410 5,538 3,470 2,545 3,508 1,918 1,970 2,207 834 1,710 1,859 FY1
Slide 13: Performance and Key Developments – FY24
03 Adani Green Energy Limited (AGEL): Performance and Key Developments – FY24 Photo: AGEL’s Dayapar Wind Cluster, Gujarat
Slide 14: AGEL: Operational & Financial Performance – FY24
AGEL: Operational & Financial Performance – FY24 Capacity Addition & Operational Performance ✓ Operational capacity increases by 35% YoY to 10.9 GW o Greenfield addition of 2.8 GW, 15% of India’s total RE capacity addition in FY24 o Deployed 2 GW of 30 GW under construction at Khavda, Gujarat, world
Slide 15: AGEL: Key Developments – FY24
AGEL: Key Developments – FY24 ✓ Completed the transfer of 1,050 MW renewable portfolio (300 MW operational and 750 MW under execution) to a 50:50 JV it formed with TotalEnergies, receiving proceeds of USD 300 million (Rs. 2,497 crore) in December 2023. ✓ Issued share warrants of Rs. 9,350 crore to t
Slide 16: Strategic Advantages
04 Adani Green Energy Limited (AGEL): Strategic Advantages Photo: AGEL’s Renewable Energy Plant in Khavda, Gujarat
Slide 17: 4a. Development & Execution Excellence
4a. Development & Execution Excellence
Slide 18: Project Management, Execution and Assurance through Adani Infra India Limited
Project Management, Execution and Assurance through Adani Infra India Limited Project Management, Execution and Assurance Project execution, Geotechnical, site suitability Engineering, design & Commissioning, monitoring, quality studies & advance resource sourcing management testing & handover manag
Slide 19: Expertise in Developing Mega Scale Renewable Energy Projects
Expertise in Developing Mega Scale Renewable Energy Projects − Then, the largest single location solar power plant 648 World’s largest MW − Executed within a record time of 8 months single location Solar project Module 330 Wp 3x MMS Fixed Tilt (99%) Tracker (1%) Kamuthi: Tamil Nadu (FY16) − India’s
Slide 20: Khavda – World's largest single-location Renewable Energy Project
Khavda – World’s largest single-location Renewable Energy Project Strategically located in Resource rich region of Gujarat A Renewable Energy Marvel in the Making ✓ All projects to be developed on contiguous land in Significant Scale Khavda Renewable Park Khavda Efficiencies ✓ Significant scale effi
Slide 21: Energy storage development – Hydro Pumped Storage Projects
Energy storage development – Hydro Pumped Storage Projects Kicked off 1st Hydro PSP in Andhra Pradesh on Chitravathi river Development Pipeline across 4 states Upper Reservoir Powerhouse Water Conducting System Maharashtra Telangana Existing lower reservoir Key Highlights Andhra Pradesh • Installed
Slide 22: 4b. Operational Excellence
adani Renewables 4b. Operational Excellence
Slide 23: Operational Excellence through Energy Network Operation Center (ENOC)
Operational Excellence through Energy Network Operation Center (ENOC) − Real time monitoring of operating assets across 12 states through ENOC at Ahmedabad − Granular performance insights − Predictive Maintenance optimizing Mean time between failure (MTBF) − Suggests corrective actions in real time
Slide 24: 4c. Capital Management Philosophy
4c. Capital Management Philosophy
Slide 25: Replicating Adani Business Model: Capital Management Philosophy
Replicating Adani Business Model: Capital Management Philosophy De-risking of underlying SPVs to generate and release surplus cashflows for AGEL Mgmt. throughout Project lifecycle De-risking integrated in Capital Project Financing Stabilization HoldCo. Financing Post-Stabilization Phase SPV level Ph
Slide 26: Consistent Strong Credit Performance
Consistent Strong Credit Performance • Actual (“x” times; unless specified otherwise) —Stipulated / Threshold CFCR Disc. FCFE / Net Senior Debt Net Senior Debt/ NTM FCFE Consol Net Debt /RR EBITDA AGEL 3.96 3.33 3.59 3.36 Holdco 2.90 3.20 3.10 2.64 5.00 7.50 4.04 6.53 Ba3 5.93 1.60 2.98 5.39 4.99 (M
Slide 27: ESG Highlights
Adani Green Energy Limited (AGEL): 05 ESG Highlights Photo: AGEL’s Solar-Wind Hybrid plants at Jaisalmer, Rajasthan (bifacial modules with horizontal single axis trackers)
Slide 28: Adani Green Energy Limited: ESG Updates
Adani Green Energy Limited: ESG Updates Focus Area Material Topic Targets Key ESG Initiatives/Achievements UN SDGs Climate Change Committed to avoid GHG Climate Change • Greenfield capacity addition of 2.8 GW in FY24, representing 15% of India’s total emissions through development renewable energy c
Slide 29: Investment Rationale
06 Investment Rationale Photo: AGEL’s Solar-Wind Hybrid plants at Jaisalmer, Rajasthan
Slide 30: Key Investment Highlights
Key Investment Highlights – Resource Availability: Strategic sites with generation potential of ~50+ GW backed by comprehensive geotechnical studies, fully prepared evacuation infrastructure, and meticulously crafted design work & resource analysis. Development & – Project Management, Execution and
Slide 31: 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 Green Energy Limited (“AGEL”),the future outlook and growth prospects, and fut
Slide 32: Thank You
adani Renewables Thank You