Adani Ports & Special Economic Zone Ltd · NSE:ADANIPORTS

Adani Ports & Special Economic Zone — Q3 FY2021 Earnings Presentation

58 slides from Adani Ports & Special Economic Zone's earnings presentation, Feb 9, 2021

  1. Slide 1: Submission of Unaudited Financial Results cover letter

    Ref No: APSEZL/SECT/2020-21/177 February 9, 2021 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 Code: 532921 Scrip Code: ADANIPORTS Sub: Submission of Unaudited Financial

  2. Slide 2: Press release enclosure and company secretary sign-off

    3. Press Release dated 9th February, 2021 on the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and nine months ended 31st December, 2020 is enclosed herewith. Kindly take the same on your record. Thanking you, Yours faithfully, For Adani Ports and Special E

  3. Slide 3: Independent Auditor's Review Report on Consolidated Results

    a Chartered Accountants Deloitte Tat fos shapat S.G. Highway . Ahmedabad-380 015 Haskins & Sells LLP ibe e Tel: +91 79 6682 7300 Fax: +91 79 6682 7400 INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF ADANI PORTS AND SPECIAL ECONOMIC

  4. Slide 4: Auditor's Review Report (continued)

    Deloitte Haskins & Sells LLP 6. We draw attention to: (i) Note 8 to the Statement, regarding the management's assessment of property, plant and equipment of Rs. 11.29 crores and intangible assets of Rs. 1,047.70 crores, as at December 31, 2020 being considered recoverable based on the future operati

  5. Slide 5: Auditor's Review Report (continued)

    Deloitte Haskins & Sells LLP reviewed these conversion adjustments made by the Parent's management. Our report on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries located outside India is based on the report of other auditors and the con

  6. Slide 6: Annexure to Auditor's Review Report

    Deloitte Haskins & Sells LLP Annexure to Independent Auditor’s Review Report Sr. No. Name of Entities Parent Adani Ports and Special Economic Zone Limited Subsidiaries Abbot Point Operations Pty Limited Adani International Terminals Pte Limited The Dhamra Port Company Limited The Adani Harbour Servi

  7. Slide 7: Annexure: list of entities

    Deloitte Haskins & Sells LLP Sr. No. Name of Entities 49. Adani Agri Logistics (Raman) Limited 50. Adani Agri Logistics (Nakodar) Limited 51. Adani Agri Logistics (Barnala) Limited 52. Adani Agri Logistics (Bathinda) Limited 53. Adani Agri Logistics (Mansa) Limited 54. Adani Agri Logistics (Moga) Li

  8. Slide 8: Consolidated Unaudited Financial Results

    Adani Ports and Special Economic Zone Limited Registered Office : “Adani Corporate House", Shantigram, Near Vaishno Devi Circle. S. G. Highway, Khodiyar, Anmedabad-382421 CIN : L630906J1998PLC034182 Phone : 079-26565555, Fax 079-25555500, E-mail ; investor. apsezi@adani.com, Website ; www.adaniports

  9. Slide 9: Notes to consolidated financial results

    Notes: 4 The aforesaid consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on February 09, 2021. 2 The Statutory Auditors have carried out limited review of Consolidated Financial Results of the Company for the quarte

  10. Slide 10: Notes: Vizhinjam port concession

    9 Adani Vizhinjam Port Private Limited (‘AVPPL’), a wholly owned subsidiary of the Company was awarded Concession Agreement ("CA") dated August 17, 2015 by Gavernment of Kerala for development of Vizhinjam International Deepwater Multipurpose Seaport ("the Project). In terms of the CA, the: schedule

  11. Slide 11: Key Numbers of Standalone Financial Results

    19 Key Numbers of Standalone Financial Results of the Company are as under : in crore)| Quarter Ended Nine Months Ended Year Ended Sr. Particulars December 31, | September 30, | December 31, | December 31, | December 31, | March 31, No. 2020 2020 2019 2020 2019 2020 Unaudited Unaudited Audited i__|R

  12. Slide 12: Independent Auditor's Review Report on Standalone Results

    + Ch d AY tants Deloitte soar foer shopathe S.G. Highway : Ahmedabad-: Haskins & Sells LLP i Tel: +91 79 6682 7300 Fax: +91 79 6682 7400 INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF ADANI PORTS AND SPECIAL ECONOMIC ZONE LIMITED 1.

  13. Slide 13: Auditor's Review Report (continued)

    Deloitte Haskins & Sells LLP recoverable based on the various judgements and estimates related to cargo traffic, port tariffs, inflation, discount rates, implications expected to arise from COVID-19 pandemic, and operational benefits over the balance concession period to determine the cashflows for

  14. Slide 14: Standalone Unaudited Financial Results

    ADANI PORTS AND SPECIAL ECONOMIC ZONE LIMITED Registered Office ; Adani Corporate House, Shantigram, Near Vaishno Devi Circle, S.G.Highway, Khodiyar, Anmedabad-382421 adani CIN : L63090GJ1998PLC034182 Ports and Phone : 079-26565555, Fax 079-25555500, E-mail : investor.apsezi@adani.com, Website : www

  15. Slide 15: Notes to standalone financial results: LNG project

    6 The Company had entered into preliminary agreement dated September 30, 2014 with a party for development and maintenance of Liquefied Natural Gas ("LNG") terminal infrastructure Facilities at Mundra (“the LNG Project’). During the previous year ended March 31, 2020, due to the disputes between the

  16. Slide 16: Adani Ports and SEZ Limited Q3 FY21

    Adani Ports and SEZ Limited Q3 FY21

  17. Slide 17: Contents

    Contents A Group profile B Company profile C Operational highlights D Financial highlights E ESG, CSR F Outlook G Annexures 2

  18. Slide 18: Adani Group: A world class infrastructure & utility portfolio

    Adani Group: A world class infrastructure & utility portfolio Energy & Utility Adani Transport & Logistics Portfolio Portfolio • Marked shift from B2B to B2C businesses– 63.5% 100% 75% 55% • ATGL – Gas distribution network to serve key APSEZ SRCPL ATL AGEL geographies across India Port & Logistics R

  19. Slide 19: Adani Group: Decades long track record of industry best growth rates

    Adani Group: Decades long track record of industry best growth rates across sectors Port Cargo Throughput (MT) Renewable Capacity (GW) Transmission Network (ckm) CGD7 (GAs8 covered) 161% 45% 12% 21% 2.5x 6x 3x 30% 1.5x 5% 7% 25% Industry Adani APSEZ Industry AGEL Adani Industry ATL Industry AGL 2014

  20. Slide 20: Adani Group: Repeatable, robust & proven transformative model

    Adani Group: Repeatable, robust & proven transformative model of investment Phase Development Operations Post Operations Origination Site Development Construction Operation Capital Mgmt Activity • Site acquisition • Engineering & design • Redesigning the • Analysis & market • Life cycle O&M capital

  21. Slide 21: APSEZ: Transformational journey

    APSEZ : Transformational journey Industry Business • 2.5x growth compared to market achieved without • From a single port single commodity to an integrated dilution in equity. logistics platform. • Growing responsibly with a sustainable approach. • 90% of economic hinterland coverage. • Integrated l

  22. Slide 22: Company Profile

    adani Ports and Logistics Company Profile

  23. Slide 23: APSEZ: Largest private transport utility

    APSEZ : Largest private transport utility APSEZ – Dhamra Port Ports Ports One Oneto totwelve ten in in Import - Export - Steel twenty twentyyears years Coking coal (HRC/CRC) 2x Port income String of Ports Ports of Prosperity Port gate to 2x Warehousing Warehousing SEZ customer gate Warehousing SEZ i

  24. Slide 24: Largest private transport utility – Presence across Ports, Logistics and SEZ

    APSEZ : Largest private transport utility – Presence across Ports, Logistics and SEZ West Coast East Coast FY06 FY21 Capacity 327 MMT Capacity 163 MMT Dahej 14 MMT Moga Kanech Kilaraipur 1 Port 12 * Tuna Kotkapura Patli Dhamora 10 MMT Capacity 490 MMT 14 Kannauj MMT Samastipur and Darbhanga Kishanga

  25. Slide 25: Operational and Financial Highlights

    Operational and Financial Highlights

  26. Slide 26: APSEZ: Operational highlights – Q3 FY21

    APSEZ : Operational highlights – Q3 FY21 (YoY) • Double-digit growth in all types of cargo. Highest ever quarterly cargo 37% volume of 76 MMT • Dry bulk grew by 42%, container by 36% and liquid cargo including crude by 24%. • Double digit growth : Mundra 25%, Dahej 29%, Hazira Volume excluding Krish

  27. Slide 27: Cargo volume comparison – Q3 FY21

    APSEZ : Cargo volume comparison – Q3 FY21 (YoY) 5x growth 90  37% 90 300  7% 274 80 76 80 257 220 70 70 250 • Higher cargo volume growth 60 56 60 200 170 compared to all India due to : 50 50 40 40 2.8x growth 120 • higher growth in container of 30 150 30 22 30 71 36% and liquid (incl. crude) of 20

  28. Slide 28: Balanced cargo composition

    APSEZ : Balanced cargo composition 56% 51% 48% 45% 44% 45% 44% 41% 41% 41% 42% 37% 32% 29% 17% 15% 15% 15% 14% 14% 14% FY15 FY16 FY17 FY18 FY19 FY20 9M FY21 Dry Liquid (incl. Crude) Container 13

  29. Slide 29: Financials highlights – Q3 FY21

    APSEZ : Financials highlights – Q3 FY21 Operating revenue at Rs.3,746 cr. 12% • On the back of 37% growth of cargo volume, Port EBITDA* at Rs.2,488 cr. 9% revenue grew by 35% and port EBITDA by 38%. • Optimal utilization of resources helped in improving Port revenue at Rs.3,279 cr. 35% Port EBITDA m

  30. Slide 30: Financials – Q3 FY21

    APSEZ : Financials – Q3 FY21 (YoY - Rs. in cr.) 3,746 12% 9% 2,488 2,287 3,336 • Operating Revenue and EBITDA grew on the back of growth in port revenue of 35% and growth in logistics revenue of 8% Q3 FY20 Q3 FY21 Q3 FY20 Q3 FY21 • EBITDA growth lower than revenue growth due to lower SEZ income^. •

  31. Slide 31: Segment wise Operating Revenue & EBITDA – Q3 FY21

    APSEZ : Segment wise Operating Revenue & EBITDA* - Q3 FY21 (YoY - Rs. in cr.)  35%  8% • Port revenue growth was on account of 3,279 240 259 37% growth in cargo volume. 2,424  6% • Growth in port revenue is lower than 130 138 cargo volume growth due to higher cargo  15% handled at JV terminals w

  32. Slide 32: Environment Social & Governance and CSR

    Environment Social & Governance and CSR • Committed to reduce carbon emission and become carbon neutral by 2025. • Efficient use of water and energy from cleaner sources • Reduction of emission levels • Zero tolerance for fatalities at ports

  33. Slide 33: ESG update Q3 FY21

    APSEZ : ESG update Q3 FY21 Quarterly Performance Initiatives till date Energy Intensity* Emission Intensity* Wind Energy # Solar Energy# 3%↑ 2%↓ 6 MW 14 MW 186 GJ/Revenue 24 tCO2e/Revenue Waste Management* Terrestrial Plantation Mangrove Water Intensity* 2889 Ha - Afforestation 0.5 % ↑ 97% 1.1 Milli

  34. Slide 34: ESG performance trend

    APSEZ : ESG performance trend Energy RE Share 570000 250 7% 202 6% 189 560000 550000 182 182 174 200 6% 540000 161 162 5% 4% 530000 150 4% 4% 4% Q3 FY21 (YoY basis) 4% 520000 3% 3% 2% 526556 555663 503524 535639 • 69% increase in renewables 558272 510000 532347 100 521791 500000 2% 490000 50 share i

  35. Slide 35: ESG performance

    APSEZ : ESG performance Water Consumption 1400 0.46 0.45 0.50 0.45 1200 0.33 0.31 0.32 0.27 0.40 1000 0.22 0.35 0.30 800 0.25 600 0.20 1300 0.15 1134 400 945 929 924 955 776 0.10 200 0.05 0 0.00 Q3 FY21 (YoY basis) Q1 Q2 Q3 Q4 Q1 Q2 Q3 FY20 FY21 • 162 ML of treated wastewater reused by horticulture

  36. Slide 36: CSR activities enabling social transformation

    APSEZ : CSR activities enabling social transformation Adani Foundation’s presence across India Social Initiatives through Adani Foundation1 : Core Areas Education Community Health Sustainable Livelihood Community Infrastructure Inclusive Growth, Safety & Other Initiatives at APSEZ • Hiring a diversi

  37. Slide 37: Outlook FY21

    APSEZ : Outlook FY21  In the range of 225 MMT - 230 MMT excluding KPCL.  KPCL volume in H2 FY21 to be around 20 MMT.  Mundra ~142, Hazira ~22, Dhamra ~32 and Kattupalli ~ 9 to 10 MMT.  Consolidated revenue expected to be around Rs.12,700 cr.  Port revenue to be around Rs.10,800 cr.  Logistics

  38. Slide 38: Annexures

    Annexures • Port wise cargo and financial details • Operational and Financial highlights 9M FY21 • ESG philosophy • Results - SEBI Format • Annexed File – Cargo and Financial Details

  39. Slide 39: Mundra port cargo volume – Q3 FY21

    ASPEZ : Mundra port cargo volume – Q3 FY21 (YoY - Rs. in cr.) Q3 FY21  10% Q3 FY20  25% 1305 1183  9% EBITDA 5.9 7.2 11.1 11.9 888 margin 68% 813 33.87 42.31 16.9 23.2 Revenue EBITDA Dry Container Liquid (incl. Crude) Dry Container Liquid (incl. Crude) Q3 FY20 Q3 FY21 • Continues to be the larges

  40. Slide 40: Krishnapatnam port - volume and financials Q3 FY21

    APSEZ : Krishnapatnam port - volume and financials Q3 FY21 ( Rs. in cr.) EBITDA margin expanded from 54% in Jan ‘20 to 71% in Dec ’20, Q3 FY21 0.5 De-bottlenecking of current capacities and better utilization results in 1.4 improvement in realization through - • Operational process re-engineering 6.

  41. Slide 41: Dhamra port - volume and financials Q3 FY21

    APSEZ : Dhamra port - volume and financials Q3 FY21 (YoY - Rs. in cr.) Q3 FY20 Q3 FY21  10%  10% 410 EBITDA 374 margin 66% 1.0 0.8  14% up 250 bps 271 238 8.27 9.09 7.3 8.3 Revenue EBITDA Dry Liquid Dry Liquid Q3 FY20 Q3 FY21 • Highest ever cargo volume in a quarter. • EBITDA growth of 14% in lin

  42. Slide 42: Hazira port - volume and financials Q3 FY21

    APSEZ : Hazira port - volume and financials Q3 FY21 (YoY - Rs. in cr.) Q3 FY20 Q3 FY21  1%  14% EBITDA 0.8 1.0 341 339  3% margin 76% up 270 bps 249 256 5.52 2.4 6.32 2.8 2.3 2.5 Revenue EBITDA Dry Container (MMT)* Liquid Dry Container (MMT)* Liquid Q3 FY20 Q3 FY21 • Growth in Liquid cargo of 24%

  43. Slide 43: Kattupalli port - volume and financials Q3 FY21

    APSEZ : Kattupalli port - volume and financials Q3 FY21 (YoY - Rs. in cr.) Q3 FY20  15% Q3 FY21  6% EBITDA 0.0 0.1 0.2 0.2 67 margin 60% 63 up 540 bps  3% 37 38 2.90 2.48 2.7 2.2 Revenue EBITDA Dry Containers (MMT)* Liquid Dry Containers (MMT)* Liquid Q3 FY20 Q3 FY21 • Cargo volume was lower by 1

  44. Slide 44: Dahej port - volume and financials Q3 FY21

    APSEZ : Dahej port - volume and financials Q3 FY21 (YoY - Rs. in cr.) Q3 FY20  29% Q3 FY21  20% EBITDA margin 60% 98  28% up 380 bps 82 59 1.67 2.16 46 Revenue EBITDA Dry Dry Q3 FY20 Q3 FY21 • Growth in revenue is lower due to increase in low realization trading coal volume. • EBITDA growth highe

  45. Slide 45: Terminals at major ports - volume and financials Q3 FY21

    APSEZ : Terminals at major ports - volume and financials Q3 FY21 (YoY - Rs. in cr.) Q3 FY20  25% Q3 FY21  44% EBITDA 0.4 margin 30% 0.9 116 up by 16% 81 3.48 4.34  204% 35 3.5 11 3.1 Revenue EBITDA Dry Containers (MMT)* Dry Containers (MMT)* Q3 FY20 Q3 FY21 • Higher container volume at Ennore and

  46. Slide 46: Adani Logistics and Harbour services - financials Q3 FY21

    APSEZ : Adani Logistics and Harbour services - financials Q3 FY21 (YoY - Rs. in cr.)  8%  15% 403  19% 259 EBITDA EBITDA 240 366 margin 26% 351 margin 91% up 160 bps 308 up 270 bps  16% 67 58 Revenue EBITDA Revenue EBITDA Q3 FY20 Q3 FY21 Q3 FY20 Q3 FY21 • Increase in logistics revenue and EBITDA

  47. Slide 47: 9M FY21 Financials

    9M FY21 Financials adani Renewables

  48. Slide 48: Cargo volume comparison – 9M FY21

    APSEZ : Cargo volume comparison – 9M FY21 (MMT) 6x growth 200 200 800 764 800  5% 174 750  7% 707 750 180 165 180 700 700 • APSEZ registered a growth while all 160 160 650 650 600 600 India cargo continues to have a de- 140 140 550 550 120 120 500 500 growth. 450 450 2.5x growth 100 100 400 350 40

  49. Slide 49: Financials – 9M FY21

    APSEZ : Financials – 9M FY21 (YoY - Rs. in cr.) 8,952 8,942 -2% 5,921 5,776 • Revenue and EBITDA at similar levels of FY20 in spite of lower SEZ income^. 9M FY20 9M FY21 9M FY20 9M FY21 • PBT and PAT growth was higher due to forex gain (gain of Rs.691 cr. in 9M FY21 vs loss of Rs.622 cr. in 9M FY20.

  50. Slide 50: Segment wise Revenue & EBITDA – 9M FY21

    APSEZ : Segment wise Revenue & EBITDA* - 9M FY21 (YoY - Rs. in cr.)  6%  2% 7,615 7,211 677 690  10% 412 374  9% 178 194 • Growth in port revenue and EBITDA is in line with cargo Ports Logistics O&M Operations Others volume growth. 9M FY20 9M FY21 9M FY20 9M FY21 • Increase in logistics revenue

  51. Slide 51: ESG philosophy

    APSEZ : ESG philosophy  Adherence to global environment guidelines like – Disclosure in CDP – Climate Change and Water Security, SBTi; Supporter of TCFD, Member of IUCN  All port certified with Integrated Management System (ISO 9001, 14001 & 45001) and 4 ports with Energy Management System (ISO 50

  52. Slide 52: Consolidated financial performance – SEBI format

    APSEZ : Consolidated financial performance – SEBI format (` in crore) Quarter Ended Nine Month Ended Year Ended Sr. December 31, September 30, December 31, December 31, December 31, March 31, No Particulars 2020 2020 2019 2020 2019 2020 . Unaudited Unaudited Audited 1 Income a. Revenue from Operatio

  53. Slide 53: Details Annexed in Linked File

    APSEZ – Details Annexed in Linked File 1. Port-wise Cargo Volume Q3 and 9M FY21 2. Ports and Logistics Vertical Key Financial Performance Q3 FY21 and 9M FY21 Please double click on the icon to open -

  54. Slide 54: Disclaimer and Investor Relations Team

    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 growth prospect

  55. Slide 55: Media Release – Q3 FY21 Results

    Media Release –Q3 FY21 Results PAT increased to Rs.1,577 cr., Cargo volume up 37% & Port Revenue up 35% Q3 FY21 (Y o Y)  APSEZ’s Market share in cargo volume up by 6% to 28%  Port Revenue and EBIDTA registers a growth of 35% and 38% respectively  Port EBIDTA Margin at 71.7%, up 140 bps  PBT at R

  56. Slide 56: Media release: Financial and operational highlights

    Financial Highlights (Y o Y): - Operating & Port Revenue: - Total Operating Revenue grew by 12% from Rs.3,336 cr. in Q3 FY20 to Rs.3,746 cr. in Q3 FY21. Port revenue has increased by 35% and revenue from logistics business increased by 8%. Port EBITDA*: - Increased cargo volume and balanced cargo mi

  57. Slide 57: Awards and CEO statement

    Awards: -  Dhamra Port received the “Winner Award” in the 20th Greentech Environment Award 2020. Mr. Karan Adani, Chief Executive Officer and Whole Time Director of APSEZ said, “The strong and lasting recovery at APSEZ has been the cornerstone of our journey in the recent past. It’s a proven certit

  58. Slide 58: Media and investor relations contacts

    port and third in the world to sign up for the Science-Based Targets Initiative (SBTi) committing to emission reduction targets to control global warming at 1.5°C above pre-industrial levels. For more information please visit Website - www.adaniports.com Follow us on: \AdaniOnline For further inform

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