Adani Green Energy Limited · NSE:ADANIGREEN
Adani Green Energy — Q1 FY23 Earnings Presentation
34 slides from Adani Green Energy's earnings presentation, 2022
Slide 1: Adani Green Energy Limited Earnings Presentation Q1 FY23
Adani Green Energy Limited Earnings Presentation Q1 F Y23 Consolidated Financials 1
Slide 2: Contents
CONTENTS 1 Adani Group 2 AGEL: Company Profile 3 AGEL: Operational & Financial Highlights 4 AGEL: ESG 5 AGEL: Investment Rationale Annexures
Slide 3: Adani Group
Adani Group Renewables
Slide 4: Adani: A World Class Portfolio
Adani: A World Class Portfolio 1 ~USD 170 bn Combined Market Cap Flagship Infrastructure & Utility Core Portfolio Primary Industry Emerging B2C Materials, Metal & Incubator Energy & Utility Transport & Logistics Direct to consumer Mining (72.3%) (60.5%) (73.9%) (65.6%) (100%) (100%) AGEL ATL APSEZ A
Slide 5: 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) 132% 36% 18% 12% 3x 5x 3x 1.4x 25% 4% 6% 25% Industry APSEZ Industry AGEL Industry ATL Industry AGL 2014 972 MMT 113 MMT 20
Slide 6: 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
Slide 7: Replicating Group's Simple yet Transformational Business Model
AGEL: Replicating Group's Simple yet Transformational Business Model Secure Sites & Connectivity Resource Assessment Construction Readiness Development ~2,00,000 acres ~40 GW potential Geotechnical studies Resource rich sites in strategic locations 85+ Wind data locations and detailed design plannin
Slide 8: Adani & TotalEnergies Renewable Partnership
Adani & TotalEnergies Renewable Partnership Adani and TotalEnergies have a long-term partnership and commitment to expanding the renewable footprint through AGEL – Amongst Largest infrastructure and real asset platform with deep – One of the largest energy players in the world with presence across e
Slide 9: Adani Green Energy Limited Company Profile
Adani Green Energy Limited Company Profile Renewables 9
Slide 10: Leading Renewable Energy player in India
AGEL: Leading Renewable Energy player in India Pan India Presence 1 3.5x Locked-in Growth Renewable Capacity (in MW) 20,434 Operational Under exec../ Near Const. Wind Solar 5,800 MW – Operational 3.5x Solar-Wind Hybrid 11,401 MW – Under execution 3,233 MW – Near Construction 2 5,800 130 395 20,434 M
Slide 11: Operational & Financial Highlights
Operational & Financial Highlights Q1 FY23 Renewables 11
Slide 12: Executive Summary – Q1 FY23
AGEL: Executive Summary – Q1 FY23 Capacity Addition & Operational Performance Financial Performance ✓ Operational Capacity increases by 65% YoY to 5,800 MW ✓ Commissioned India’s first Solar–Wind Hybrid project of 390 MW at Jaisalmer, Rajasthan ✓ Revenue from Power Supply up by 57% YoY at Rs. 1,328
Slide 13: Operational Capacity Addition & Sale of Energy – Q1 FY23
AGEL: Operational Capacity Addition & Sale of Energy – Q1 FY23 (YoY) Operational Capacity (in MW AC) Hybrid 5,800 Wind 390 65% ` Solar 647 3,520 497 4,763 ✓ Operational Capacity increases by 65% to 5,800 MW 3,023 ❑ 390 MW Green field commissioning – India’s first solar-wind hybrid plant Q1 FY22 Q1 F
Slide 14: Operational Performance Solar & Wind Portfolio – Q1 FY23
AGEL: Operational Performance Solar & Wind Portfolio – Q1 FY23 (YoY) Solar Portfolio Performance Wind Portfolio Performance CUF (AC) Sale of Energy CUF (AC) Sale of Energy (mn units) (mn units) 2,751 47.0% 665 26.5% 67% 38.5% ` 65% ` 25.0% 1,650 404 Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 Q1
Slide 15: Operational Performance - Hybrid Portfolio – Q1 FY23
AGEL: Operational Performance - Hybrid Portfolio – Q1 FY23 Plant Availability Grid Availability 100.0% 99.9% 99.8% 99.9% • 390 MW Solar-Wind Hybrid project commissioned on May 28, 2022: 96.7% 99.7% - Solar – 360 MW Solar Wind Hybrid Solar Wind Hybrid - Wind – 100 MW • High CUF of 43.4% backed by: CU
Slide 16: Financial Performance – Q1 FY23 (YoY)
AGEL: Financial Performance – Q1 FY23 (YoY) (All figures in INR Crore) Revenue from Power Supply EBITDA from Power Supply 1 1,328 1,265 57% ` 60% ` ▪ Robust growth in revenue and EBITDA from 848 789 power supply is backed by capacity addition, improved solar and wind CUF and high hybrid CUF. Q1 FY22
Slide 17: Bridge of EBITDA from Power Supply – Q1 FY22 to Q1 FY23
AGEL: Bridge of EBITDA from Power Supply – Q1 FY22 to Q1 FY23 (All figures in INR Crore) 1 primarily due to capacity addition EBITDA up by 60% YoY on back of improved revenue and minor O&M cost increase despite increased capacity 1. Change in Revenue also includes change in Carbon Credit Income and
Slide 18: ESG
Renewables Adani Green Energy Limited ESG
Slide 19: Robust ESG Assurance Framework
AGEL : Robust ESG Assurance Framework Guiding principles UN Sustainable India Business & IFC E&S United Nations Green Bond Guiding Development Goals SBTi Biodiversity Performance Policies Global Compact Principles principle (UN SDGs) Initiative (IBBI) Standards Disclosure Standards TCFD GRI Standard
Slide 20: Update on ESG Program
AGEL: Update on ESG Program Guiding Principles Disclosure Standards ✓ TCFD: Supports TCFD and the annual ESG Report enumerates ✓ Signatory to United Nations Global Compact (UNGC): Submitted first progress on Governance; Strategy; Metrics and Targets and Risk Communication on Progress (COP) for FY21
Slide 21: Update on ESG Program
AGEL: Update on ESG Program Key Updates on Environment & Social initiatives – Q1 FY23 ➢ Pollution control & GHG emission reduction ➢ Occupational Health & Safety ✓ 4 Mn ton CO2 emission avoided in Q1 FY23 ✓ ‘Nil’ LTIFR in Q1 FY23 ✓ 99.8% less emission Intensity per unit of generation (0.0018GHG tCO
Slide 22: Adopted UN Sustainable Development Goals
AGEL– Adopted UN Sustainable Development Goals United Nations Sustainable Our Key Social Initiatives mapped to UNSDG Development Goals 2030 Education o Armchairs, round table, water purifier, LED television provided for school Karnataka children at Kappekeri village, Karnataka. 4. Quality Education
Slide 23: Investment Rationale
AGEL: Investment Rationale Renewables
Slide 24: A Compelling Investment Case
AGEL: A Compelling Investment Case ▪ Pedigree of Adani Group: leadership in infrastructure energy & utility and transport & logistics sectors Strong Sponsorship ▪ Robust, reliable supply chain backed by strategic investments ▪ Strategic partnership with French Energy major TotalEnergies SE ▪ India t
Slide 25: 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 26: Thank You
Renewables 26 Thank You
Slide 27: Appendix: Receivables Details
Appendix 27 AGEL: Receivables Details
Slide 28: Receivables Ageing Profile as of 30-June-22
AGEL: Receivables Ageing Profile as of 30-June-22 (in INR Cr) Due Off Takers Not Due 0-60 days 61-90 days 91-120 days 121-180 days >180 days Total TANGEDCO 162 48 7 0 0 112 167 NTPC 179 - - - - - - SECI 186 - - - - - - KREDL 65 26 6 6 10 30 78 TSSPDCL 21 18 10 - - 1 29 Others 286 9 4 9 15 41 78 Tota
Slide 29: Appendix: Asset Level Details
Appendix 29 AGEL: Asset Level Details
Slide 30: Asset Level Details – Operational
Asset Level Details – Operational Project Name / Contracted Capacity Capacity Counterparty PPA SPV Type Tariff COD Location (AC) (DC) Name Term AGETNL Solar 216 260 7.01 Mar-16 TANGEDCO 25 RSPL Solar 72 86 7.01 Feb-16 TANGEDCO 25 AGETNL KREL Solar 72 86 5.76 Mar-16 TANGEDCO 25 KSPL Solar 216 260 5.1
Slide 31: Asset Level Details – Operational (Contd.)
Asset Level Details – Operational (Contd.) Project Name / Contracted Capacity Capacity Counterparty PPA SPV Type Tariff COD Location (AC) (DC) Name Term PNCEL Punjab Solar 20 21 8.70 Mar-21 PSPCL 25 PNREL Punjab Solar 10 11 8.65 Feb-21 PSPCL 25 KNSSEPL Karnataka Solar 5 6 4.36 Oct-21 GESCOM 25 KNIVS
Slide 32: Asset Level Details – Operational (Contd.)
Asset Level Details – Operational (Contd.) Project Name / Contracted Capacity Capacity Counterparty PPA SPV Type Tariff COD Location (AC) (DC) Name Term AGEL – Lahori Madhya Pradesh Wind 12 12 5.92 Mar-16 MPPMCL 25 AWEGPL Gujarat Wind 30 30 4.19 Mar-17 GUVNL 25 AWEGPL Gujarat Wind 18 18 3.46 Mar-17
Slide 33: Asset Level Details – Under execution
Asset Level Details – Under execution Project Name / Contracted Capacity Capacity Counterparty PPA SPV Type Tariff Location (AC) (DC) Name Term Various SPVs Rajasthan/ Gujarat Solar+ Mfg 4,667 6,767 2.42 SECI 25 Various SPVs Rajasthan/ Gujarat Solar+ Mfg 1,250 1,813 2.54 SECI 25 AREEL Gujarat Solar
Slide 34: Asset Level Details – Near Construction
Asset Level Details – Near Construction Project Name / Contracted Capacity Capacity Counterparty PPA SPV Type Tariff Location (AC) (DC) Name Term Various SPVs Rajasthan/ Gujarat Solar+ Mfg 2,083 3,020 2.92 SECI 25 Various SPVs Rajasthan Solar 100 142 2.80 Ultratech 25 ASEJSPL Rajasthan Solar 600 900