Adani Ports & Special Economic Zone Ltd · NSE:ADANIPORTS
Adani Ports & Special Economic Zone — Q1 FY20 Earnings Presentation
46 slides from Adani Ports & Special Economic Zone's earnings presentation, Aug 7, 2019
Slide 1: Exchange filing cover letter
Ports and Logistics Ref No: APSEZUSECT/2019-20/86 August 7, 2019 BSE Limited National Stock Exchange of India Limited Floor 25, P J Towers, Exchange plaza, Dalal Street, Bandra-Kurla Complex, Mumbai - 400001 Bandra (E), Mumbai - 400051 Scrip Cod e: 532921 Scrip Code: ADANIPORTS Sub: Presentation on
Slide 2: Operational & Financial Highlights Q1 FY20
Adani Ports and SEZ Limited Operational & Financial Highlights Q1 FY20
Slide 3: Contents
Contents + Company Profile + Operational Highlights + Financial Highlights + FY 20 Outlook + ESG & CSR + Annexures 2 2
Slide 4: APSEZ's Growth Trajectory
APSEZ’s Growth Trajectory From 208 MMT in FY 19 to 400 MMT of throughput by FY 25 3 3
Slide 5: Company Profile
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Slide 6: Proxy to India's Growth Story
Proxy to India’s Growth Story in US$ Bn. Largest Commercial Port in India : 10.8 • 9 Ports in operation and 1 under construction Market Cap. (2) 5.3 2019 2.5 2013 Deft Management Experience : • Operating ports since 2001 2009 1.6 Operational Excellence with Low- 0.6 Cost : Revenue (3) 2019 • Highest
Slide 7: India's Largest Integrated Ports & Logistics Player
India’s Largest Integrated Ports & Logistics Player All India Share* in Total Cargo in Container Multipurpose ports 22% 35% Bulk terminals Mundra : India’s 65% Kilaraipur Container terminals 78% largest Kanech Commercial Port Logistics Parks Patli All India Cargo APSEZ Cargo Volumes Kishangarh As of
Slide 8: Unique and Integrated Business Model
Unique and Integrated Business Model Ports Logistics SEZ (at Mundra) Total installed capacity of 395 mmtpa 20 year license to operate rails Land bank of over 8,481 hectares Concession assets with free pricing Enhancing connectivity between ports and Integration with port, developing indu
Slide 9: Operational Highlights
Operational Highlights 8 8
Slide 10: Operational Highlights of Q1 FY20
Operational Highlights of Q1 FY 20 (Y o Y) • Achieves record throughput in a quarter, handles 57 MMT cargo a growth of 18% • Continue to outperform All India cargo volume growth of 8% • Market share* improves by 100 bps to 22% • Coal Volume up 38%, other bulk cargo up 33%. • Mundra Port registers 16
Slide 11: Financial Highlights of Q1 FY20
Financial Highlights of Q1 FY 20 (Y o Y) • Consolidated Revenue grew by 16% to Rs.2,794 cr. • Consolidated EBIDTA grew by 16% to RS 1,843cr. • Consolidated EBIDTA margin maintained at 66% • Port Revenue grew by 23% to Rs.2,425 cr. • Port EBIDTA grew by 24% to Rs.1,709 cr. • Port EBIDTA margins maint
Slide 12: Other Highlights of Q1 FY20
Other Highlights of Q1 FY 20 Acquisitions • MOU signed for the container terminal at Yangon, Myanmar on 23rd May 19 • Innovative B2B Logistics acquisition process completed in August 2019 Environment Social & Governance (ESG) • Focus on energy consumption, emission reduction & health safety performa
Slide 13: Cargo Comparison – APSEZ vs All India Ports – Q1 FY20
Cargo Comparison – APSEZ vs All India Ports – Q1 FY ‘20 APSEZ Total Throughput * All India Ports Total Cargo 18% Growth 57 8% Growth 257 239 48 Vs Q1 FY19 Q1 FY20 Q1 FY19 Q1 FY20 Of which Container * Of which Containers 8% Growth 7% Growth 22 64 21 60 Vs Q1 FY19 Q1 FY20 Q1 FY19 Q1 FY20 Continue to g
Slide 14: Cargo Composition – Q1 FY20
Cargo Composition – Q1FY ‘20 Coal Container Crude Others 47% 41% 41% 39% 37% 41% 32% 36% 35% 29% 33% 33% 15% 14% 15% 15% 15% 14% 12% 12% 13% 10% 11% 10% FY15 FY 16 FY 17 FY 18 FY 19 FY 20 Q1 Balanced Cargo Mix……… 13 13
Slide 15: Financial Highlights
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Slide 16: Consolidated Financial Performance – Q1 FY20
Consolidated Financial Performance – Q1 FY 20 (Y o Y - Rs. in Cr.) 1843 Revenue 2794 EBIDTA* 2411 1588 Revenue grew by 16% Q1 FY 19 Q1 FY 20 Q1 FY 19 Q1 FY 20 EBITDA* grew by 16% 1,011 PBT grew by 48% PBT PAT 1362 691 922 PAT grew by 46% Q1 FY 19 Q1 FY 20 Q1 FY 19 Q1 FY 20 15 *EBIDTA excludes Forex
Slide 17: Segment Wise Revenue Q1 FY20
Segment Wise Revenue Q1 FY 20 (Y o Y - Rs. in Cr.) Total Revenue up 16%, Ports Revenue up 23% Q1 FY 19 Q1 FY 20 58 117 102 47 162 181 13 134 1,966 2,425 Ports SEZ Logistics Australia Other revenue Ports SEZ Logistics Australia Other revenue Total Revenue – Rs.2411 cr Total Revenue – Rs.2,794 cr 16 1
Slide 18: EBIDTA – Segment Wise Break up Q1 FY20
EBIDTA* - Segment Wise Break up Q1 FY 20 (Y o Y - Rs. in Cr.) Total EBIDTA up 16%, Ports EBIDTA up 24% Q1 FY 19 Q1 FY 20 7 8 21 47 54 58 13 134 1380 1709 Ports SEZ Logistics Australia Other revenue Ports SEZ Logistics Australia Other revenue Total EBIDTA – Rs. 1,588 cr Total EBIDTA – Rs. 1843 cr * E
Slide 19: FY20 Outlook
FY 20 Outlook 18 18
Slide 20: Business Strategy – FY20
Business Strategy – FY 20 Strategy for Business (4 Cs) Top Priorities Culture- Efficiency Improvement: 1. Placing customer centricity as Enhancing and sustaining business key pillar to drive profitability through improvement in asset and revenue. utilization, focus on collaborative 2. Enhancing valu
Slide 21: Cargo Outlook - FY20
Cargo Outlook - FY20 Segment wise growth anticipated as below: Commodity Drivers Coal 9 MMT increase based on : • Coastal Power Plants • Cargo at Dhamra due to rake availability and GPWIS scheme Dry Cargo 2 MMT increase across Fertilizer, Iron ore, Steel and Minerals Liquid 1 MMT with increase at Ka
Slide 22: Financial Outlook – FY20
Financial Outlook – FY20 • Revenue growth of 12%-14%. Revenue / ROCE • ROCE to be in the range of 14%-15% • Port Revenue growth by 14%-16% Port Revenue & EBIDTA • Realization to grow 1.5% to 2% per MT • Port EBIDTA growth of 16%-18%. • SEZ Income of Rs.800 to Rs.1000 cr. SEZ & Port • Includes Rs.600
Slide 23: Environment Social & Governance (ESG)
Environment Social & Governance (ESG) 22 22
Slide 24: Energy Performance
Energy Performance Fuel, Grid and Renewable energy are considered for energy performance analysis. Standalone* Consolidated* 500000 12000 450000 9615 400000 3% 35% 10000 350000 6286 8000 Cargo 24% Cargo 17% 300000 5853 250000 6000 5678 200000 4000 150000 24% 108975 130874 100000 327707 429113 2
Slide 25: Emission Performance
Emission Performance Scope 1 & Scope 2 emissions are considered for emission performance analysis. Standalone* Consolidated* 1376 70000 1600 1157 60000 16% 1400 1200 50000 1000 40000 892 928 800 Cargo 24% Cargo 17% 30000 600 20000 400 60309 16609 21380 61410 2% 10000 200 0 29% 0 Q1 FY19 Q1 FY20
Slide 26: Water Performance
Water Performance Standalone* Consolidated* Cargo 24% Cargo 17% 1784 806 240 350 46% 121 % FY19 Q1 FY20 Q1 FY19 Q1 FY20 Q1 Water Consumption (ML) Industrial (dust suppression, tank washing & others ) and domestic water consumption details are considered for water performance analysis. • Consolid
Slide 27: Health & Safety Performance
Health & Safety Performance Overall Safety Performance (On Roll + Contractual + Third Party Associates) 8 0.36 0.40 0.31 7 0.35 6 0.30 0.24 0.24 5 0.25 4 0.20 3 0.15 2 0.10 0.05 1 0.05 1 4 6 4 7 0 0.00 0 0.00 FY19 Q1 FY20 Q1 FY19 Q1 FY20 Q1 FY19 Q1 FY20 Q1 Work Related Injury (Fatality) Number High
Slide 28: Corporate Social Responsibility – Major Initiatives
Corporate Social Responsibility – Major Initiatives 1) SAKSHAM: Aims to make 3 lakh Indian youth skilled by 2022. ASDC has more than 30 centres across the nation for facilitating skill development through various courses. 5027 aspirants enrolled under various ASDC courses, new projects 2) Udaan:
Slide 29: Corporate Social Responsibility – Adani Foundation
Corporate Social Responsibility – Adani Foundation Relief work post Cyclone Fani: More than 1.5 crore people were affected by the extremely severe Cyclone Fani that hit Odisha on May 3. Adani Foundation immediately pressed into action distributing essential materials like solar lanterns, mosquito ne
Slide 30: Corporate Social Responsibility – Adani Foundation
Corporate Social Responsibility – Adani Foundation Adani Foundation inaugurated the newly constructed building of Mulloor Upper Adani Foundation won the Kalinga CSR Award for incredible work through Primary School in Vizhinjam, Kerala. Adani Foundation constructed the two-story diversified activitie
Slide 31: Corporate Social Responsibility – Adani Foundation
Corporate Social Responsibility – Adani Foundation • 7679 students and teachers from 122 schools and institutes visited the Ports under the Udaan Project. Udaan is a project that involves exposure visits for school and college students to Business units (Ports, Power Plants & Wilmar) to inspire them
Slide 32: Corporate Social Responsibility – Adani Foundation
Corporate Social Responsibility – Adani Foundation • 75 bore-well recharge completed at Dhrub, Zarpara, Siracha and Navinal villages of Mundra • 34 abandoned bore-well recharged at Zarpara, Siracha and Navinal villages of Mundra • 1,284 people benefitted from the Ayushman camp at GK General Hospital
Slide 33: Annexures
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Slide 34: Annexures
Annexures + Port Wise Cargo Volume & Financials + Financial Results as per SEBI format 33 33
Slide 35: Port Wise Cargo Volume & Financials
Port Wise Cargo Volume & Financials 34 34
Slide 36: Mundra : Reaching New Heights
Mundra : Reaching New Heights (Y o Y - Rs. in Cr.) Up 16% Up 11% Up 2% 37 1204 795 32 783 1081 Q1 FY 19 Q1 FY 20 Q1 FY 19 Q1 FY 20 Q1 FY 19 Q1 FY 20 Volume (MMT) Revenue EBIDTA Double click on the Icon for cargo details • Coal Volume up by 72%. Handled 5 MMT of coal for Adani Power. • Other Cargo gr
Slide 37: Hazira : Growth in All Segments of Cargo
Hazira : Growth in All Segments of Cargo (Y o Y - Rs. in Cr.) Up 20% Up 16% Up 18% 6 299 227 5 258 192 Q1 FY 19 Q1 FY 20 Q1 FY 19 Q1 FY 20 Q1 FY 19 Q1 FY 20 Volume (MMT) Revenue EBIDTA Double click on the Icon for cargo details • Coal - : Grew by 35% (on account of Trading Coal) • Liquid –: Grew by
Slide 38: Dahej : Continue to handle multiple cargo
Dahej : Continue to handle multiple cargo (Y o Y - Rs. in Cr.) 2.2 95 64 84 1.6 53 Q1 FY 19 Q1 FY 20 Q1 FY 19 Q1 FY 20 Q1 FY 19 Q1 FY 20 Volume (MMT) Revenue EBIDTA Double click on the Icon for cargo details • De-growth on account of shift of Cargo to Hazira 37 37
Slide 39: Dhamra : Registers a growth of 43%
Dhamra : Registers a growth of 43% (Y o Y - Rs. in Cr.) Up 43% Up 33% Up 74% 314 192 6.3 236 110 4.4 Q1 FY 19 Q1 FY 20 Q1 FY 19 Q1 FY 20 Q1 FY 19 Q1 FY 20 Volume (MMT) Revenue EBIDTA Double click on the Icon for cargo details Evacuation issues getting resolved: – Rake availability improves (12.47 ra
Slide 40: Kattupalli : Continues to Gain Market Share
Kattupalli : Continues to Gain Market Share (Y o Y - Rs. in Cr.) Up 16% Up 30% Up 19% 2.3 55 33 2.0 42 27 Q1 FY 19 Q1 FY 20 Q1 FY 19 Q1 FY 20 Q1 FY 19 Q1 FY 20 Volume (MMT) Revenue EBIDTA Double click on the Icon for cargo details Container Volume grew by 16% 39 39
Slide 41: Terminals at Major Ports
Terminals at Major Ports (Y o Y - Rs. in Cr.) Up 35% Up 44% Up 65% 4.25 107 33 0.56 3.16 0.64 - 0.15 75 20 1.50 2.01 1.51 1.04 Q1 FY19 Q1 FY20 Q1 FY 19 Q1 FY 20 Q1 FY 19 Q1 FY 20 Goa Tuna Vizag Ennore Volume (MMT) Revenue EBIDTA Double click on the Icon for cargo details • Tuna –: 34% increase in ca
Slide 42: Consolidated Financial Performance – As Reported
Consolidated Financial Performance – As Reported (Rs. In Cr) Quarter Ended Year Ended June 30, March 31, June 30, March 31, Sr Particulars 2019 2019 2018 2019 No (Refer Note Unaudited Unaudited Audited 12) 1 Income a. Revenue from Operations 2,794.47 3,082.49 2,411.03 10,925.44 b. Other Income 422.4
Slide 43: Cargo Volume Breakup Q1 FY20 - Mundra
Cargo Volume Breakup Q1 FY 20 - Mundra (in MMT) Particulars Q1 FY 20 Q1 FY 19 Growth % Coal 10.12 5.87 72% Total Container (MMT)* 17.35 16.83 3% Total Container 1,188.61 1,152.78 3% of Which CT1 ('000 TEUs)(Owned by DPW) 264.99 216.21 23% of which CT2 ('000 TEUs)(Owned by APSEZ) 265.48 267.98 -1% of
Slide 44: Cargo Volume Breakup Q1 FY20 – Hazira & Dahej
Cargo Volume Breakup Q1 FY 20 – Hazira & Dahej (in MMT) Hazira Cargo Q1 FY20 Q1 FY19 Growth % Container (000' TEUs) 143 131 9% Container (MMT)* 2.08 1.91 9% Coal 1.79 1.32 35% Liquid 0.83 0.65 28% Others 0.77 0.69 11% Total 5.47 4.57 20% Dahej Cargo Q1 FY20 Q1 FY19 Growth % Coal 1.21 1.66 -27% Other
Slide 45: Cargo Volume Breakup Q1 FY20 – Dhamra, Kattupalli & Terminals
Cargo Volume Breakup Q1 FY 20 – Dhamra Kattupalli & Terminals (in MMT) Kattupalli Cargo Q1 FY20 Q1 FY 19 Growth % Containers (000' TEUs) 153 132 16% Containers (MMT)* 2.24 1.93 16% Others 0.04 0.03 44% Total 2.28 1.96 16% Dhamra Cargo Q1 FY20 Q1 FY19 Growth % Coal 3.46 2.97 16% Others 2.88 1.47 96%
Slide 46: 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 Ports and Special Economic Zone Limited (“APSEZL”),the future outlook and grow
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