Adani Energy Solutions Ltd · NSE:ADANIENSOL
Adani Energy Solutions — Adani Transmission — Q1 FY2022 Earnings Presentation
34 slides from Adani Energy Solutions's earnings presentation, August 2021
Slide 1: Adani Transmission Limited Q1FY22 Results Presentation
Adani Transmission Limited Q1FY22 Results Presentation August 2021
Slide 2: Contents
CONTENTS 04-07 Adani Group 04 09 Company Profile 09 Operational Highlights - 11-14 Q1FY22 11 Financial Highlights - 16-19 Q1FY22 16 21-23 ESG 21 25-27 ATL Asset Profile 25 Bond Portfolio and Credit 29-30 Rating 29 31-32 ATL Asset Portfolio 31
Slide 3: Adani Group
Transmission
Slide 4: Adani: A world class infrastructure & utility portfolio
Adani: A world class infrastructure & utility portfolio Transport & Logistics Portfolio Adani Energy & Utility Portfolio Adani 100% 75% • Marked shift from B2B to 63.4% 57.5% B2C businesses – APSEZ ATL AGEL NQXT2 • ATGL – Gas distribution Port & Logistics T&D Renewables network to serve key 100% 75%
Slide 5: Adani: Decades long track record of industry best growth rates across sectors
Adani: Decades long track record of industry best growth rates across sectors Transmission Network (ckm) Port Cargo Throughput (MMT) Renewable Capacity (GW) CGD7 (GAs8 covered) 45% 20% 132% 12% 1.5x 3x 30% 3x 5x 7% 4% 25% Industry ATL Industry APSEZ Industry Adani AGEL Industry AGL 2016 320,000 ckm
Slide 6: Adani: 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 Analysis & market Site acquisition Engineering & design Life cycle O&M Redesigning the capital intelligence planning str
Slide 7: A platform well-positioned to leverage growth opportunities in T&D business
ATL: A platform well-positioned to leverage growth opportunities in T&D business Execution Prowess Strategic Presence Healthy pool mix Transmission Network of Transmission - Presence in 12 states Development with 27 transmission lines Transmission (FY21): 18,801 ckt km1; Distribution - Integrated ut
Slide 8: Company Profile
Company Profile
Slide 9: Manifesting Adani's Infrastructure Excellence in T&D business
ATL: Manifesting Adani’s Infrastructure Excellence in T&D business Execution Strength and Pan Pan-India network & only private AEML - One of the best-run 3 million+ India Presence sector co. to operate 500 KV 94-year old integrated utility Retail Electricity Households HVDC in S-E Asia catering to g
Slide 10: Operational Highlights - Q1FY22
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Operational Highlights - Q1FY22 14
Slide 11: Operational Performance - Q1FY22
ATL: Operational Performance - Q1FY22 • Distribution Business: • Transmission Business: – Maintained supply reliability of 99.99% – Network addition: Operationalised 207 ckt kms in Obra line during the quarter with total network at – Sold 2,036 million units an increase of 18% yoy 18,801 ckm – Signi
Slide 12: Transmission Utility – Key Operating Metrics Q1FY22 YoY
ATL: Transmission Utility – Key Operating Metrics Q1FY22 YoY Average System availability(1) (%) Transmission Network length(2) (ckt kms) 18,801 99.85% 99.87% Maintained system Significant availability above 14,814 network addition, 99% an increase of 27% yoy Q1FY22 Q1FY21 Q1FY22 Q1FY21 Higher the be
Slide 13: Distribution Utility (AEML) – Key Operating Metrics Q1FY22 YoY
ATL: Distribution Utility (AEML) – Key Operating Metrics Q1FY22 YoY Supply Reliability (ASAI) (%) SAIDI (mins), SAIFI (nos.) and CAIDI (mins)(1) SAIDI CAIDI SAIFI 99.994% 99.992% 30.62 28.65 Consistent Maintained supply improvement in reliability of more reliability than 99% 9.87 parameters 8.41 0.2
Slide 14: Distribution Utility (AEML) – Key Operating Metrics Q1FY22 YoY
ATL: Distribution Utility (AEML) – Key Operating Metrics Q1FY22 YoY Consumer base (million) Distribution Loss (%) E-payment (% of total collection) 13.47% 82.87% 3.06 3.05 Distribution E-payments loss declined remains high Marginal significantly despite opening increase in due to billing 69.73% up o
Slide 15: Financial Highlights - Q1FY22
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Financial Highlights - Q1FY22 14
Slide 16: Consolidated Financial Highlights Q1FY22 YoY
ATL: Consolidated Financial Highlights Q1FY22 YoY (In Rs. Crs) Operational Revenue Operational EBITDA 2499 EBITDA 1107 1496 0.3% 18.1% 3.4% 1491 1070 2117 Q1FY21 Q1FY22 Q1FY21 Q1FY22 Q1FY21 Q1FY22 Cash Profit PAT 915 433 -4.9% 870 21.9% 355 Q1FY21 Q1FY22 Q1FY21 Q1FY22 16 Note: Cash profit calculated
Slide 17: Segment–wise Financial Highlights Q1FY22 YoY
ATL: Segment–wise Financial Highlights Q1FY22 YoY Operational Revenue Operational EBITDA (In Rs. Crs) 1742 701 1437 630 440 406 757 680 Transmission Distribution Transmission Distribution Q1FY21 Q1FY22 Q1FY21 Q1FY22 EBITDA PAT 987 1013 467 442 504 484 -9 -112 Transmission Distribution Transmission D
Slide 18: Transmission Utility - Revenue and Operating EBITDA Bridge Q1FY22 YoY
ATL: Transmission Utility - Revenue and Operating EBITDA Bridge Q1FY22 YoY Revenue (ex incentive) up 11% supported by Operating EBITDA up 11% driven by higher revenue operationalization of new line elements and acquisition 74 53 40 (6) (10) (3) (6) 3 701 736 662 630 Q1 FY22 Revenue from Revenue from
Slide 19: Distribution Utility (AEML) - Revenue and Operating EBITDA Bridge Q1FY22 YoY
ATL: Distribution Utility (AEML) - Revenue and Operating EBITDA Bridge Q1FY22 YoY Revenue up 21% driven by high energy demand Strong operating EBITDA driven by rebound in revenue 6 10 1 4 ( 44 ) 285 305 ( 35 ) (6) ( 254 ) (1) 1,742 440 406 1,437 Q1 FY22 Transmission Other Wheeling Cross Subsidy Sale
Slide 20: ESG
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission ESG 08
Slide 21: Robust ESG Framework
ATL: Robust ESG Framework Our Commitment: • Committed to be in top-5 companies in India for ESG benchmarking of Electric Utility Sector by FY 2022-23 • Committed to achieve Zero Waste to Landfill business activities under O&M phase by 2024-25 • Committed to replace Single Use Plastic Waste for 100%
Slide 22: ESG Performance and Initiatives in Q1FY22
ATL: ESG Performance and Initiatives in Q1FY22 ESG Performance (Q1FY22 vs. Q1FY21)1 ESG Initiatives during the quarter • ADTPS (Dahanu plant) has become 1st power plant in Adani Energy 37.7% 4% Scope 1 Emission vertical to be certified for “Water Efficiency Management System ISO Auxiliary Power 4600
Slide 23: Inculcating Safety Culture
ATL: Inculcating Safety Culture Safety Initiatives During Q1FY22 Safety Performance in Q1FY22 Safety Parameters Q1FY22 Q1FY21 • 48,488 man-hours of safety training and awareness during the quarter LTI 1 0 • Training session on basic fire fighting was conducted in June • Release of Safety Performance
Slide 24: Annexure
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Annexure (ATL profile, Credit Rating, Asset Portfolio) 22
Slide 25: ATL at a Glance
ATL at a Glance Contracted Assets ROA Assets 25.1% 100% 100% 74.9% 100%1 Transmission HVDC Consumer-facing Assets Transmission line Integrated Utility TBCB(2) Assets 4 Operating HVDC Line in AEML catering to Transmission Assets Mumbai 3 mn+ Connections Concession Life of Transmission 13 Operating 12
Slide 26: Contracted Assets at a Glance
Contracted Assets at a Glance Contracted Assets Key Characteristics TBCB Fixed 35 yrs + 30 yrs of (Section 63) Tariff Asset Life remaining life of asset Operating Asset Base Op. EBITDA Assets (Rs. Bn) FY21 (Rs. Bn) Counterparty Network Pool 13 68 8.4 Function of line Under-construction Asset Base Fu
Slide 27: ROA assets at a Glance
ROA assets at a Glance 3 Consumer-facing Integrated Utility (AEML) 1 ROA Transmission Assets Key Characteristics ROA Transmission Assets Consumer 3.04 million Counterparty Consumers base Return on Assets (ROA -Section 62) Type of Regulated Asset Life Perpetual Asset Asset (Sec. 62) business Network
Slide 28: Credit Ratings and Asset Portfolio
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Future Credit Ratings Outlook and Asset Portfolio 14
Slide 29: ATL and AEML Bond Portfolio
ATL and AEML Bond Portfolio Highlights Obligor 1 – US$ 500 mn Obligor 2 – US$ 500 mn USPP – US$ 400 mn AEML – US$1 bn AEML – US$ 300 mn Assets STL, ATRL, CWRTL, RRWTL, ATIL MEGPTCL AEML AEML, PDSL PPP-8,9,10 FY21 Operational 1,725 610 1,659 1,659 EBITDA (Rs. Crs) Tenor 10 year 16.5 year 30 year 10 y
Slide 30: ATL and AEML Credit Ratings
ATL and AEML Credit Ratings International – ATL Obligor Group International- AEML US$ 300 mn Rating Agency Facility Rating/Outlook Rating Agency Facility Rating/Outlook Fitch Dollar Bond BBB-/Negative Fitch Dollar Bond BBB-/Negative S&P Dollar Bond BBB-/Stable Moody’s Dollar Bond Baa3/Negative Moody
Slide 31: ATL's Evolution and Operational Asset Portfolio as of Q1FY22
ATL’s Evolution and Operational Asset Portfolio as of Q1FY22 ATL’s Transmission Network (ckt km) has grown 3.4x Adani Transmission Limited and added Distribution business in FY19 ATL’s “Grid-to-Switch” Integrated Platform 100% 100% 75% 100% 100% 100% 100% 100% 100% 100% 100% 100% ATSCL & WTGL, PPP A
Slide 32: ATL's Under-construction Asset Portfolio as of Q1FY22
ATL‘s Under-construction Asset Portfolio as of Q1FY22 Adani Transmission Limited 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Obra-C WRSS – Bikaner - Lakadia Kharghar MP MP NKTL Jam Kham- FBTL GTL Banas- HVDC# WKTL Package I Package II Badaun XXI (A) Khetri baliya - Vikhroli kant
Slide 33: Thank You
adani Transmission adani Transmission Thank You ¢
Slide 34: Legal Disclaimer
Legal Disclaimer The information contained in this presentation is provided by Adani Transmission Limited (together with its subsidiaries, the “Company” or “ATL”) to you solely for your reference and for information purposes only. This presentation is highly confidential and is being given solely fo