Adani Energy Solutions Ltd · NSE:ADANIENSOL
Adani Energy Solutions — Adani Transmission — Q1 FY24 Earnings Presentation
27 slides from Adani Energy Solutions's earnings presentation, July 2023
Slide 1: Provisional Operational Updates Q1 FY24
Adani Transmission Limited Provisional Operational Updates Q1 FY24 July 2023
Slide 2: Contents
CONTENTS 04-07 Adani Portfolio 04 09 Q1 FY24 - Executive Summary 09 11-14 Q1 FY24 (YoY) Performance 11 Recent Awards and Recognition 16 16 Availability Across Assets 18 18-19 Groups – Obligor and USPP 21 21-22 Global Peer Benchmarking 24 24-26 ATL’s Asset Portfolio
Slide 3: Adani Portfolio
adani Transmission Adani Portfolio
Slide 4: Adani: A World Class Infrastructure & Utility Portfolio
Adani: A World Class Infrastructure & Utility Portfolio Infrastructure and Utility Primary Industry Emerging B2C Flagship Core Portfolio Materials, Metal & Incubator Energy & Utility Transport & Logistics Direct to Consumer Mining (56.3%) (63.2%) (67.7%) (68.7%) (61.0%) (100%) AGEL ATL APSEZ Cement4
Slide 5: Adani Portfolio: Decades long track record of industry best growth
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 Growth 4x EBITDA 70% 1,2 EBITDA 92% 1,4 AEL Growth 3x Growth 1.4x APSEZ AGEL EBITDA 91% 1,3,5 EBITDA 19% 1,3 ATGL AT
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: ATL: 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 Balanced pool mix Transmission Network of Transmission - Presence in 14 states Development with 33 transmission projects Transmission(3): 19,778 ckm(1) Distribution - Integrated util
Slide 8: Q1 FY24 - Executive Summary
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Q1 FY24 - Executive Summary 14
Slide 9: Executive Summary – Performance in Q1 FY24
ATL: Executive Summary – Performance in Q1 FY24 Transmission and Smart Metering Business: Other Key Updates: – AEML secured Rank 1 out of 71 discoms evaluated and – Maintained system availability upwards of 99.77% scored 99.6% out of 100 in the Integrated Discom Ranking released by the MoP, PFC and
Slide 10: Q1 FY24 Operational Performance (YoY)
Q1 FY24 Operational Performance (YoY)
Slide 11: Transmission Utility – Key Operating Metrics Q1 FY24 (YoY)
ATL: Transmission Utility – Key Operating Metrics Q1 FY24 (YoY) Transmission Network Length(2) (ckm) Power Transformation Capacity(2) (MVA) 19,778 18,795 46,001 40,001 Added 550 ckm to the Continuous expansion operational network in in transformation Q1 with total network capacity on account of at 1
Slide 12: Distribution Utility (AEML) – Key Operating Metrics Q1 FY24 (YoY)
ATL: Distribution Utility (AEML) – Key Operating Metrics Q1 FY24 (YoY) Supply Reliability (ASAI) (%) SAIDI (mins), SAIFI (nos.) and CAIDI (mins)(1) SAIFI SAIDI CAIDI 99.991% 99.991% 35.73 35.71 Maintained supply Consistent reliability of more improvement in the than 99.9% 11.6 11.98 reliability para
Slide 13: Distribution Utility (AEML) – Key Operating Metrics Q1 FY24 (YoY)
ATL: Distribution Utility (AEML) – Key Operating Metrics Q1 FY24 (YoY) Consumer base (million) Distribution Loss (%)(1) E-payment (% of total collection) 3.13 3.08 78.48% 74.72% Increase in E-payments 6.95% consumer base Distribution loss remains strong reflecting AEML lower than usual with greater
Slide 14: Distribution Utility (AEML) – Consumer Mix Q1 FY24 (YoY)
ATL: Distribution Utility (AEML) – Consumer Mix Q1 FY24 (YoY) Consumer-wise volume mix Consumer-wise revenue mix 52% 53% 49% 49% 40% 40% 37% 36% Consumer mix shifting back to higher commercial 11% 11% 11% 11% segment demand with a normalization in residential demand Residential Commercial Industrial
Slide 15: Recent Award and Achievements
Recent Award and Achievements
Slide 16: Recent Awards & Achievements
ATL: Recent Awards & Achievements AEML secured Rank 1 out of 71 discoms Adani Transmission has won the ATL is in the Top 50 of India’s Most evaluated and scored 99.6% out of prestigious Golden Peacock Award Sustainable Companies in the annual 100 in the Integrated Discom Ranking in Environment Manag
Slide 17: Transmission Line Availability
Transmission Line Availability
Slide 18: Q1 FY24 (YoY) – Line availability across asset groups
ATL: Q1 FY24 (YoY) – Line availability across asset groups Average Availability Across Operational Assets %(1) Focus on Maximizing Incentive % Line Availability - ATSOL Obligor Assets Incentive – ATSOL Obligor Assets Normative Availability Incentive Accrued 99.88% 99.92% 2.40% 1.49% 1.50% 1.53% 97.5
Slide 19: Global Peer Benchmarking
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Global Peer Benchmarking 14
Slide 20: Transmission System Operational Parameters – Peer Benchmarking
ATL: Transmission System Operational Parameters – Peer Benchmarking Peer Benchmarking on O&M, Employee expenses and EBITDA (INR Million per circuit km) 9.00 7.85 8.00 7.00 6.00 5.00 4.53 4.00 One of the lowest 3.00 2.53 O&M cost per ckm 2.00 1.64 1.81 1.48 highlighting strong 1.11 0.93 1.00 0.11 0.1
Slide 21: Transmission System Financial Parameters – Peer Benchmarking
ATL: Transmission System Financial Parameters – Peer Benchmarking Peer Benchmarking - EBITDA margin (%) 700 100% 641 92% 600 83% 81% 80% 76% 63% 500 68% 407 60% 400 300 40% 205 21% 200 166 167 127 114 20% 100 65 54 52 26 39 37 34 ` 0 0% Italian Utility Russian Utility Spanish Utility Finland Utility
Slide 22: ATL – Operational and Under-construction Asset Portfolio
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission ATL – Operational and Under-construction Asset Portfolio 14
Slide 23: ATL's Operational Asset Portfolio (T&D) as of Q1 FY24
ATL’s Operational Asset Portfolio (T&D) as of Q1 FY24 (June 2023) Adani Transmission Limited 100% 100% 75% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% ATSCL & WTGL, PPP Bikaner Obra-C Lakadia WRSS – Jam ATIL MEGPTCL AEML MUL ATBSPL ATRL RRWTL CWRTL FBTL GTL A
Slide 24: ATL's Under-construction Transmission Asset Portfolio as of Q1 FY24
ATL‘s Under-construction Transmission Asset Portfolio as of Q1 FY24 (June 2023) Adani Transmission Limited 100% 100% 100% 100% 100% 100% 100% Since ATL’s evolution its Transmission Network (ckms) 100% 100% has grown 3.5x and expanded into Distribution Khavda- MP Kharghar AEMIL NKTL WKTL Bhuj Karur W
Slide 25: ATL's Smart Metering Under-construction Portfolio as of Q1 FY24
ATL‘s Smart Metering Under-construction Portfolio as of Q1 FY24 (June 2024) Adani Transmission Limited 100% 100% 100% 100% 100% BEST APDCL APEPDCL APCPDCL APSPDCL Adani Adani Adani BEST Smart NE Smart Transmission Transmission Transmission Metering Ltd. Metering Ltd. Step Seven Step Seven Step Seven
Slide 26: 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
Slide 27: Thank You
MUSHKILON K\ adani , NAHI SUNTE, HUM KARKE DIKHATE HAIN. #HumKarkeDikhateHain ? E Transmission Thank You