Adani Energy Solutions Ltd · NSE:ADANIENSOL
Adani Energy Solutions — Q4 FY24 Earnings Presentation
34 slides from Adani Energy Solutions's earnings presentation, April 2024
Slide 1: Provisional Operational Update Q4 and FY24
Adani Energy Solutions Limited (Formerly known as Adani Transmission Limited) Provisional Operational Update Q4 and FY24 April 2024
Slide 2: Contents
CONTENTS 04-07 Adani Portfolio 04 09 Q4FY24 - Executive Summary 09 11-14 Q4FY24 (YoY) Performance 11 16-19 FY24 (YoY) Performance 16 Recent Business Updates 21 21 Availability Across Assets Groups 23 23-24 – Obligor and USPP Transmission Business Global 26 26-27 Peer Benchmarking AESL’s operational
Slide 3: Adani Portfolio
adani Energy Solutions Adani Portfolio
Slide 4: Adani: A World Class Infrastructure & Utility Portfolio
Adani: A World Class Infrastructure & Utility Portfolio Infrastructure and Utility Primary Industry Flagship Emerging B2C Core Portfolio Materials, Metal & Incubator Energy & Utility Transport & Logistics Direct to Consumer Mining (72.6%) (56.4%) (73.2%) (65.9%) (100%) (66.7%) AGEL AESL APSEZ Cement
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 6 Growth 4x 6 EBITDA 70% 1,2 EBITDA 92% 1,4 AEL Growth 3x 6 Growth 1.4x 6 APSEZ Adani’s Core Infra. Platform – 320 M
Slide 6: Adani: Repeatable, robust & proven transformative model of investment
Adani: Repeatable, robust & proven transformative model of investment Phase Development Operations Post Operations Centre of Excellence Project Management & Assurance Group AIMSL* Policy - Strategy - Risk Origination Site Development Construction Operation Capital Mgmt Analysis & market Site acquisi
Slide 7: AESL: A platform well-positioned to leverage growth opportunities in energy domain
AESL: A platform well-positioned to leverage growth opportunities in energy domain RAB expansion through Execution Prowess Strategic Presence Asset Hardening in Discoms Transmission Network of Transmission - Presence in 15 states 8% CAGR growth in RAB in Mumbai Development 20,509 ckm(1) Distribution
Slide 8: Q4FY24 - Executive Summary
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Q4FY24 - Executive Summary 14
Slide 9: AESL: Executive Summary – Performance in Q4FY24
AESL: Executive Summary – Performance in Q4FY24 Transmission and Smart Metering Business: Other Key Updates: − Robust system availability of 99.6% in Q4FY24 – AEML ranked#1 utility (second year in a row) for 2023 in the 12th edition of Integrate Rating of Discoms (a joint study by − Added 174 ckms t
Slide 10: Q4FY24 Operational Performance (YoY)
Q4FY24 Operational Performance (YoY) 10
Slide 11: Transmission Utility – Key Operating Metrics Q4FY24 (YoY)
AESL: Transmission Utility – Key Operating Metrics Q4FY24 (YoY) Transmission Network Length(2) (ckm) Power Transformation Capacity(2) (MVA) 20,509 57,011 19,779 46,001 Continuous expansion in Added 174 ckm to the transformation capacity on operational network in Q4 with account of new project total
Slide 12: Distribution Utility (AEML) – Key Operating Metrics Q4FY24 (YoY)
AESL: Distribution Utility (AEML) – Key Operating Metrics Q4FY24 (YoY) Supply Reliability (ASAI) (%) SAIDI (mins), SAIFI (nos.) and CAIDI (mins)(1) SAIFI SAIDI CAIDI SAIFI SAIDI CAIDI 99.997% 99.996% 28.70 28.78 Maintained supply Reliability parameters reliability of more improving consistently than
Slide 13: Distribution Utility (AEML) – Key Operating Metrics Q4FY24 (YoY)
AESL: Distribution Utility (AEML) – Key Operating Metrics Q4FY24 (YoY) Consumer base (million) Distribution Loss (%)(1) E-payment (% of total collection) 3.18 5.09% 80.23% 3.13 4.89% 75.58% Increase in consumer E-payments share Distribution loss remains base reflecting AEML increasing with greater w
Slide 14: Distribution Utility (AEML) – Consumer Mix Q4FY24 (YoY)
AESL: Distribution Utility (AEML) – Consumer Mix Q4FY24 (YoY) Consumer-wise volume mix % Consumer-wise revenue mix % 43% 42% 44% 44% 48% 47% 39% 39% 14% 13% 14% 13% Residential Commercial Industrial Residential Commercial Industrial Q4 FY24 Q4 FY23 Q4 FY24 Q4 FY23 2,226 2,100 Total units sold (MUs)
Slide 15: FY24 Operational Performance (YoY)
FY24 Operational Performance (YoY) 15
Slide 16: Transmission Utility – Key Operating Metrics FY24 (YoY)
AESL: Transmission Utility – Key Operating Metrics FY24 (YoY) Transmission Network Length(2) (ckm) Power Transformation Capacity(2) (MVA) 20,509 57,011 19,779 46,001 Transmission network Continuous expansion in continues to grow with transformation capacity on new order wins account of new project a
Slide 17: Distribution Utility (AEML) – Key Operating Metrics FY24 (YoY)
AESL: Distribution Utility (AEML) – Key Operating Metrics FY24 (YoY) Supply Reliability (ASAI) (%) SAIDI (mins), SAIFI (nos.) and CAIDI (mins)(1) SAIFI SAIDI CAIDI SAIFI SAIDI CAIDI 99.996% 99.996% 30.63 31.74 22.35 Maintained supply 21.26 Reliability parameters like reliability of more than SAIDI a
Slide 18: Distribution Utility (AEML) – Key Operating Metrics FY24 (YoY)
AESL: Distribution Utility (AEML) – Key Operating Metrics FY24 (YoY) Consumer base (million) Distribution Loss (%)(1) E-payment (% of total collection) 79.57% 3.18 5.93% 3.13 Increase in consumer 75.00% E-payments share 5.29% Improving consistently base reflecting AEML increasing with greater due to
Slide 19: Distribution Utility (AEML) – Consumer Mix FY24 (YoY)
AESL: Distribution Utility (AEML) – Consumer Mix FY24 (YoY) Consumer-wise volume mix % Consumer-wise revenue mix % 50% 50% 46% 45% 42% 43% 38% 38% 12% 12% 12% 11% Residential Commercial Industrial Residential Commercial Industrial FY24 FY23 FY24 FY23 9,916 9,062 Total units sold (MUs) FY24 FY23 19
Slide 20: Recent Business Updates
e adani Energy Solutions Recent Business Updates
Slide 21: Recent Business Updates
AESL: Recent Business Updates CDP Climate Change 2023 score improves to The share of renewable power supplied to the ESG score from Sustainalytics improves to 25.3 B, surpassing the Asia regional average of C Mumbai circle stands at 35% at the end of from 32.8, placing the company amongst the top dr
Slide 22: Transmission Line Availability – Asset Groups
Transmission Line Availability – Asset Groups 22
Slide 23: Q4FY24 (YoY) – Line availability across asset groups
AESL: Q4FY24 (YoY) – Line availability across asset groups Average Availability Across Operational Assets %(1) Focus on Maximizing Average Availability % Line Availability - ATSOL Obligor Assets Average Availability – ATSOL Obligor Assets 99.37% 99.79% 99.97% 99.57% 99.72% 99.50% 99.81% 98.60% Q4 FY
Slide 24: FY24 (YoY) – Line availability across asset groups
AESL: FY24 (YoY) – Line availability across asset groups Average Availability Across Operational Assets %(1) Focus on Maximizing Average Availability % Line Availability - ATSOL Obligor Assets Average Availability – ATSOL Obligor Assets 99.61% 99.88% 99.97% 99.80% 99.79% 99.84% 99.89% 98.60% FY24 FY
Slide 25: Transmission Business Global Peer Benchmarking
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Transmission Business Global Peer Benchmarking 14
Slide 26: Transmission – Global Peer Benchmarking (Operational Parameters)
AESL: Transmission – Global Peer Benchmarking (Operational Parameters) Peer Benchmarking on O&M, Employee expenses and EBITDA (INR Mn/Ckm) 1.93 1.45 1.52 1.34 0.95 0.85 Highest EBITDA per ckm & low 0.47 O&M per ckm 0.33 0.31 0.14 0.20 highlighting strong 0.06 0.03 0.06 0.11 0.06 0.03 0.04 0.04 opera
Slide 27: Transmission – Global Peer Benchmarking (Financial Parameters)
AESL: Transmission – Global Peer Benchmarking (Financial Parameters) Peer Benchmarking - Revenue and EBITDA (INR Bn) 92% 92% 84% 151 142 138 74% 74% 132 124 65% 97 89 36% 50 47 45 42 35 32 30 Italian Utility Russian Utility Spanish Utility Finland Utility Australian Utility American Utility Adani Re
Slide 28: AESL – Operational & Under-construction Asset Portfolio
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission AESL – Operational & Under-construction Asset Portfolio 14
Slide 29: AESL’s Operational Asset Portfolio as of March 2024 (1/2)
AESL’s Operational Asset Portfolio as of March 2024 (1/2) Adani Energy Solutions Limited 100% 100% 75% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% ATSCL & WTGL, PPP Bikaner ATIL MEGPTCL AEML MUL ATBSPL ATRL RRWTL CWRTL FBTL GTL APTL STL Khetri Discom Discom MTSCL WTPL 8/9/10 Mun
Slide 30: AESL’s Operational Asset Portfolio as of March 2024 (2/2)
AESL’s Operational Asset Portfolio as of March 2024 (2/2) Adani Energy Solutions Limited 100% 100% 100% 100% 100% 100% 100% 100% Obra-C Lakadia WRSS – XXI Jam Karur Kharghar Khavda- Khambaliya WKTL Transmission - Vikhroli Bhuj Badaun Banaskantha (A) Obra Lakadia Lakadia - Jam Warora Karur Kharghar K
Slide 31: AESL‘s Transmission Under-construction Asset Portfolio as of March 2024
AESL‘s Transmission Under-construction Asset Portfolio as of March 2024 Adani Energy Solutions Limited 100% 100% 100% 100% 100% 100% 100% 100% 100% MP AEMIL Khavda – Line & SS NKTL WR-SR KTL KPS-1 STSL Package II HVDC# III - A Augmentation North MP Power HVDC Khavda Sangod Khavda Line and WR SR Kara
Slide 32: AESL‘s Smart Metering Under-construction Portfolio as of March 2024
AESL‘s Smart Metering Under-construction Portfolio as of March 2024 Adani Energy Solutions Limited 100% 100% 100% 100% 100% 100% 100% 100% 100% MSEDCL MSEDCL BEST APDCL APEPDCL APCPDCL APSPDCL NBPDCL UPCL NSC-05 NSC-06 BEST Smart NE Smart Adani Adani Adani Adani Adani Adani Energy Adani Metering Ltd
Slide 33: Legal Disclaimer
Legal Disclaimer The information contained in this presentation is provided by Adani Energy Solutions Limited (together with its subsidiaries, the “Company” or “AESL”) to you solely for your reference and for information purposes only. This presentation is highly confidential and is being given sole
Slide 34: Thank You
MUSHKILON KI adani NAHI SUNTE, HUM KARKE DIKHATE HAIN. #HumKarkeDikhateHain adani 2 Energy Solutions Thank You
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