Slide 1: Submission letter to BSE and NSE
4th May, 2023 BSE Limited National Stock Exchange of India Limited P J Towers, Exchange plaza, Dalal Street, Bandra-Kurla Complex, Mumbai – 400001. Bandra (E), Mumbai – 400051. Scrip Code: 512599 Scrip Code: ADANIENT Dear Sir, Sub: Submission of Media Release and Investor Presentation on Audited Fin
Slide 2: Media Release – Adani Enterprises Ltd FY23 Results
Annexure “A” Media Release – Adani Enterprises Ltd FY23 Results Consolidated Income increased by 96% to Rs. 1,38,175 cr Consolidated EBIDTA increased by 112% to Rs. 10,025 cr on account of strong operational performance across businesses Attributable PAT increased by 218% to Rs. 2,473 cr EDITOR’S SY
Slide 3: Media release: FY23 and Q4 FY23 results and business updates
Ahmedabad, May 4, 2023: Adani Enterprises Ltd (AEL), part of the Adani Group, today announced its results for the financial year and quarter ended March 31, 2023 “Once again, Adani Enterprises has lived up to its standing as not only India’s most successful business incubator but also one of the wor
Slide 4: Adani Road Transport and data center project updates
2. Adani Road Transport Ltd (ARTL – Roads) Construction in full swing across all HAM and BOT projects. Update for under construction projects is as below: Project State Model Completion % Vijayawada Bypass Andhra Pradesh HAM 44% Nanasa Pidgaon Madhya Pradesh HAM 48% Kodad Khammam Telangana HAM 4
Slide 5: Adani Enterprises Ltd FY23 and Q4 FY23
Annexure “B” Adani Enterprises Ltd FY23 and Q423 Earnings Presentation
Slide 6: FY23 at glance
AEL: Consolidated Financial Highlights [YoY] FY23 at glance Total Income EBIDTA PAT* 1,38,175 cr 10,025 cr 2,473 cr 96% Growth 112% Growth 218% Growth 1,21,371 cr 16,804 cr 4,982 cr 5,043 cr 2,613 cr (140) cr 86% 230% 36% 375% 28% against Growth Growth Growth Growth Growth (1261) cr Established Incu
Slide 7: Index
Index Particulars Page No Group Profile 4-7 Company Profile 8-11 Performance Highlights 12-15 Updates on Incubating Businesses 16-19 Updates on Established Businesses 20-22 Financial Highlights 23-28 Operational Efficiency 29-34 ESG Highlights 35-39 Appendix -
Slide 8: Group Profile
Group Profile
Slide 9: Adani: A World Class Infrastructure & Utility Portfolio
Adani: A World Class Infrastructure & Utility Portfolio Flagship Infrastructure & Utility Core Portfolio Primary Industry Emerging B2C Incubator Energy & Utility Transport & Logistics Materials, Metal & Mining Direct to consumer (69.2%) (57.2%) (71.7%) (61.0%) (100%) (63.2%) AGEL ATL APSEZ AEL NQXT1
Slide 10: Adani: Decades long track record of industry best growth with national footprint
Adani: Decades long track record of industry best growth with national footprint Secular growth with world leading efficiency National footprint with deep coverage Growth 3x Growth 5x Core Portfolio EBITDA 70% 1,2 EBITDA 92% 1,4 Utility 92% # Transport 85% # Consumers ~400 mn Served AEL Growth 3x Gr
Slide 11: 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 Activity • Analysis & market • Site acquisition • Engineering & design • Life cycle O&M • Redesigning the capital struct
Slide 12: Company Profile
Company Profile
Slide 13: AEL: A Successful Incubator
AEL : A Successful Incubator Attractive Incubation Record New Segment Identification Green Hydrogen Ecosystem Attractive incubation portfolio with Develop manufacturing eco-system each business positioned as next Identification & entry into new (ingots, cells modules, wind turbines & Development inf
Slide 14: AEL: Incubation Success Stories
AEL : Incubation Success Stories AEL has a demonstrated track record of creating high quality, high cashflow and high growth sustainable infrastructure businesses since 1994 EBIDTA Company Overview (CAGR )1 − Ranked as ‘Largest Solar Power Developer in the World’ by Mercom Capital in August 2020 − I
Slide 15: AEL: Current Incubation Portfolio
AEL : Current Incubation Portfolio AEL Portfolio Energy & Transport & Consumer Primary Utility Logistics businesses Industry New Industries (End to end Airports Food FMCG1 Mining Industrials Green H2 chain) Mining Data Center Roads Digital PVC Services & IRM Commercial Water Copper Mining Specialize
Slide 16: AEL – Performance Highlights
AEL – Performance Highlights
Slide 17: Summary on Operational and Financial Highlights – FY23 & Q4 FY23
AEL : Summary on Operational and Financial Highlights – FY23 & Q4 FY23 [Consolidated] [YoY] Operations Finance Business Highlights FY23 FY23 ANIL Ecosystem • ANIL Ecosystem solar modules volume up by 15% to 1275 MW • Cell line COD declared 31st March 2023 • Total Income up by 96% to Rs. 1,38,175 cr
Slide 18: AEL: Growth in FFO
AEL : Growth in FFO INR Cr. Cash generation with Operational Efficiency INR Cr. • ANIL Ecosystem > Sales volume up by 15% 5773 • Airports > Pax movements and ATMs up by 74% & 56% respectively • Roads > Achieved PCOD of 3 HAM Projects • Data Center > Chennai Phase I (17 MW) got operational 1935 1920
Slide 19: AEL: Robust Asset Base
AEL : Robust Asset Base De-risking Asset Based Growth Adani Enterprises Ltd. 65149 INR Cr. Incubating Established business business 52144 US ECB – 24567 22402 WC/TL in Project Financing Domestic Privately Foreign Domestic Equipment overseas 18975 RTL placed bank term RTL Financing entities Bond loan
Slide 20: AEL – Updates on Incubating Businesses
AEL – Updates on Incubating Businesses Transport & Logistics – Adani Airports Holdings Ltd (AAHL - Airports) Adani Road Transport Ltd (ARTL - Roads) Energy & Utility – AdaniConnex Pvt Ltd (ACX - Data Center)
Slide 21: Transport & Logistics – AAHL (Airports)
AEL : Transport & Logistics – AAHL (Airports) Portfolio of 8 Airports - Serving ~ 23% of total passenger base Operational Updates Pax movements (in Mn) ATMs (‘000) 149.4 21.4 Jaipur 95.6 Lucknow 12.3 5.0 Mn Guwahati 5.4 Mn 5.4 Mn Ahmedabad Q4 FY22 Q4 FY23 Q4 FY22 Q4 FY23 11.4 Mn Mumbai + Navi Cargo
Slide 22: Transport & Logistics – ARTL (Roads)
AEL : Transport & Logistics – ARTL (Roads) Portfolio of 14 projects Model No. of Projects with construction / maintenance of roads of 5000+ Lane Kms Operational HAM 3 Projects Operational TOT 1 Construction in progress Project Completion Status 48% 49% BHRPL 44% 151.700 kms UPRPL 39% HURPL 156.800 k
Slide 23: Energy & Utility – ACX (Data Center)
AEL : Energy & Utility – ACX (Data Center) [Q4 FY23] Empowering Digital India with a Platform of Data Center Solutions with Strong Partnership Site Progress Updates Overall Project Construction Location Activities Completed Completion Completion ~49% Phase I (17 MW) Ordering completed for Phase II (
Slide 24: AEL – Updates on Established Businesses
AEL – Updates on Established Businesses Energy & Utility – Adani New Industries Ltd (ANIL) Ecosystem Primary Industries – Mining Services & IRM
Slide 25: Adani New Industries Ltd (ANIL) Ecosystem – Solar and Wind
AEL : Energy & Utility – Adani New Industries Ltd (ANIL) Ecosystem SOLAR WIND Solar New 2.0 GW Capacity Plant Wind • Module line COD declared in July-22 • Prototype 1 > Erection & Commissioning Completed • Cell line COD declared in March-23 • Prototype 2 > Assemble Completed • Blade manufacturing fa
Slide 26: Primary Industries – Mining Services & IRM
AEL : Primary Industries Mining Services & IRM Mining Services IRM Volume (MMT) Mining Services Production (MMT) Integrated Resource Management (IRM) • Total mining portfolio of 10 mines in 3 88.2 29.7 states 27.7 • IRM business continues to 20.5 64.5 8.6 10.0 maintain leadership • Total Peak capaci
Slide 27: AEL - Financial Highlights
AEL - Financial Highlights
Slide 28: Consolidated Financials – FY23
AEL : Consolidated Financials – FY23 [Rs cr] Revenue EBIDTA PAT* 96% 112% 218% ✓ Increased on account of strong performance by ✓ Increased in line with increase in IRM, ✓ Increased in line with higher EBIDTA IRM & Airports business Airports and Roads revenue Established Business : [Energy & Utility
Slide 29: Consolidated Financials – Q4 FY23
AEL : Consolidated Financials – Q4 FY23 [Rs cr] Revenue EBIDTA PAT* 26% 157% 137% ✓ Increased on account of strong performance by ✓ Increased in line with increase in revenue ✓ Higher EBIDTA resulted in increased PAT IRM, Airports and Roads business ✓ Established business PAT impacted due to excepti
Slide 30: Segment-wise Financials – FY23
AEL : Segment-wise Financials – FY23 [Rs cr] Established Businesses Incubating Businesses Adani New Industries Primary Industries Primary Industries Transport & Logistics Ecosystem Mining services IRM Airports# 3567 2360 2337 98920 5989 2558 Revenue 49263 2884 FY22 FY23 FY22 FY23 FY22 FY23 FY22 FY23
Slide 31: Segment-wise Financials – Q4 FY23
AEL : Segment-wise Financials – Q4 FY23 [Rs cr] Established Businesses Incubating Businesses Adani New Industries Primary Industries Primary Industries Transport & Logistics Ecosystem Mining services IRM Airports 908 803 18014 18898 1657 691 681 Revenue 1203 Q4FY22 Q4FY23 Q4FY22 Q4FY23 Q4FY22 Q4FY23
Slide 32: Debt Details & Maturity Profile - Consolidated
AEL : Debt Details & Maturity Profile - Consolidated [Rs cr] Particulars Mar-23 Mar-22 Particulars Mar-23 Mar-22 Long Term Debt 34,076 21,652 Total Equity 37,890 26,928 Short Term Debt 4,244 19,372 External Debt-to-Equity 0.73 1.06 Gross Debt 38,320 41,024 Less: Founders' Debt 10,544 12,541 EBIDTA 1
Slide 33: Operational Efficiency
Operational Efficiency
Slide 34: Benchmarking Service Standards at Airports
AEL : Benchmarking Service Standards at Airports Mumbai Ahmedabad Mangalore Lucknow 100% 100% 100% 97% 97% 98% 98% 100% 97% 96% 95% 95% 95% 95% 95% 95% 95% 95% 95% Security Check Check in Immigration Security Check Check in Immigration Security Check Check in Immigration (waiting < 5 (waiting < 20 (
Slide 35: Airports Route Development & Airline Additions (Post Acquisition)
AEL : Airports Route Development & Airline Additions (Post Acquisition) New Routes added/ resumption : New Airlines added : 114 45 39 64 50 6 Domestic International Total Domestic International Total 31
Slide 36: Upgradation to TOPCon Technology in ANIL Ecosystem
AEL : Upgradation to TOPCon Technology in ANIL Ecosystem Cell Efficiency Trend, % 25.8 25.6 25.4 25.2 25.5 25 24.8 24.5 24.6 25.7 24.3 24.4 25.5 24.2 25.3 24.5 23.8 23.9 25.1 23.5 24.9 24.7 23.2 24.3 24.4 23.5 22.9 24.2 24 23.8 23.5 23.6 23.5 23.6 23.6 23.6 23.6 23.3 23.4 22.5 23.1 23.2 23 23 22.8 2
Slide 37: Benefits of Perc+ and N-TopCon Modules in ANIL Ecosystem
AEL : Benefits of Perc+ and N-TopCon Modules in ANIL Ecosystem Avg. Current Commercial Cell Eff. 22.9% 24.2% 18.8% Wafer Thickness (mm) 165 150 130 YOY Degradation (1st Yr) 2.5% 2.0% 1.0% 0.55% 0.45% YOY Degradation (2nd Yr) 0.40% 80-85 % 70-75 % Bifaciality at Module Level N… 560 - 685 535 - 655 Pe
Slide 38: ABEX Driving Controllership
AEL : ABEX Driving Controllership Adani Business Excellence (ABEX) delivers accounting & compliance services to group companies with an objective of providing assurance of process controls, timely compliance and risk mitigation through standardization, Simplification and automation Transactional Pro
Slide 39: ESG Highlights
ESG Highlights
Slide 40: ESG – Ratings, Awards and Recognition
AEL : ESG – Ratings, Awards and Recognition ESG Ratings AEL’s Rating CSRHub (Consensus ESG Ranking of 59 percentile, with consistent ranking above the industry average Rating) Sustainalytics ESG Risk Rating score of 39 DJSI-S&P Global Corporate Scored 46/ 100 significantly better than average indust
Slide 41: AAHL (Airports) ESG Performance FY23
AEL : AAHL (Airports) ESG Performance FY23 Aligning to UN Sustainable Development Goal 13 ✓ Committed to take urgent action to combat climate change and its impacts. MIAL has eliminated For onsite RE initiatives 50,000 tonnes of MIAL’s green energy deployed 10Kwp turbo CO2 to achieve zero utilizatio
Slide 42: ANIL Ecosystem ESG Performance Highlights FY23
AEL: ANIL Ecosystem ESG Performance Highlights FY23 Aligning to UN Sustainable Development Goal 12 ✓ Committed to ensure sustainable consumption and production patterns ANIL Ecosystem generates ETP ETP Sludge is now sold for making wall Sludge – putti and earns a revenue for the business. 3117 MT (F
Slide 43: ESG Performance Highlights FY23
AEL: ESG Performance Highlights FY23 Energy , Emissions and Climate Change 11% ↓* 44% ↓* 17% ↓* Energy Intensity reduction Operational Emissions# reduction Water Consumption in Mining Services in Adani Airports reduction in Primary Industries 18% ↓* Cumulative – 10.3 Lakhs 17% ↓* (FY’23) Plantation
Slide 44: Appendix
Appendix
Slide 45: Transport & Logistics – AAHL (Airports) Operational Details
AEL : Transport & Logistics – AAHL (Airports) Operational Details Passengers (In Mn) ATM (In ‘000) Cargo (In Lacs MT) Airports Q4FY23 Q4FY22 Q4FY23 Q4FY22 Q4FY23 Q4FY22 Ahmedabad 3.1 1.6 23.7 14.6 0.1 0.1 Lucknow 1.6 1.0 12.3 8.4 0.0 0.0 Mangaluru 0.4 0.3 3.1 2.9 0.0 0.0 Mumbai 12.7 7.0 79.4 47.3 1.
Slide 46: Transport & Logistics – ARTL (Roads) & (Water)
AEL : Transport & Logistics – ARTL (Roads) & (Water) [Q4 FY23] Project Length/ CA signed Concession Period (in Type Project Name State Project Completion Status Model Capacity with Years) (Const. + O&M) Bilaspur Pathrapali 53.3 Kms Chhattisgarh 2 + 15 Operational Suryapet Khammam HAM 58.6 Kms Telang
Slide 47: Primary Industries - Mining services
AEL : Primary Industries - Mining services Quantitative Details (in MMT) Mine FY23 FY22 Q4 FY23 Q4 FY22 ROM Dispatch ROM Dispatch ROM Dispatch ROM Dispatch Parsa Kente 11.8 9.1 15.0 12.3 4.5 3.5 4.3 3.4 GP III 3.7 3.0 3.3 3.5 1.1 0. 1.2 1.2 Talabira II and III 10.0 10.0 6.4 6.4 2.4 2.5 2.3 2.3 Kurmi
Slide 48: Primary Industries – Mining
AEL : Primary Industries – Mining [Q4 FY23] Type of Project Mine Capacity State Customer (Owner) Project Status Parsa East Kente Basen 15.0 MMT Chhattisgarh RRVUNL Gare Pelma III 5.0 MMT Chhattisgarh CSPGCL Operational Talabira II & III 20.0 MMT Odisha NLCIL Suliyari 5.0 MMT Madhya Pradesh APMDC Coa
Slide 49: Appendix : ESG Framework
Appendix : ESG Framework
Slide 50: ESG backed by Assurance
AEL : ESG backed by Assurance Our Key ESG Commitments • No net loss to biodiversity and 100% alignment with IBBI • Creating shared value for communities through • Becoming a net water positive company integrated and sustainable development Policies Guiding • Become a signatory to UN Global Compact •
Slide 51: Environment Philosophy
AEL : Environment Philosophy Offsetting Carbon Emission Conservation of Resource Waste Management • Recycling waste through land- Climate • Carbon sequestration by • Reducing water footprint filing • Land use and cover management Awareness afforestation • Energy Management • Circular Economy • Impro
Slide 52: Adopted UN Sustainable Development Goals
AEL : Adopted UN Sustainable Development Goals Our Key Social Initiatives mapped to UNSDG United Nations Women’s Multiple • Own schools, digitalization and up gradation of Sustainable Development Goals 2030 Govt. school to provide cost free education to the Education Locations 1. No Poverty needy. 2
Slide 53: Strong Governance Framework
AEL : Strong Governance Framework Key Governance Areas Key Highlights ✓ More than 50% Independent Directors ESG Governance Structure Board Independence & Diversity ✓ 12.5% Women Directors Board of Directors ✓ Corporate Responsibility Committee in place with 100% Independent Corporate Directors to pr
Slide 54: 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 Enterprises Limited (“AEL”), the future outlook and growth prospects, and futu
Slide 55: About Adani Enterprises Ltd
About Adani Enterprises Ltd Adani Enterprises Limited (AEL) is the flagship company of Adani Group, one of India’s largest business organisations. Over the years, Adani Enterprises has focused on building emerging infrastructure businesses, contributing to nation-building and divesting them into sep