Adani Ports & Special Economic Zone Ltd · NSE:ADANIPORTS
Adani Ports & Special Economic Zone — Investor Presentation (October 2021)
26 slides from Adani Ports & Special Economic Zone's investor presentation, October 2021
Slide 1: Adani Ports and SEZ Limited
Adani Ports and SEZ Limited October 2021
Slide 2: Contents
Contents A Group Profile B Company Profile C Growth Journey of APSEZ D Warehousing Business – Opportunity for Growth E Warehousing Market Potential 2
Slide 3: Adani Group: A world class infrastructure & utility portfolio
Adani Group: A world class infrastructure & utility portfolio Adani Transport & Logistics Energy & Utility • Marked shift from B2B to Portfolio Portfolio B2C businesses– • ATGL – Gas distribution 63.8% 100% 75% 59.3% network to serve key ATL AGEL geographies across India APSEZ NQXT2 Port & Logistics
Slide 4: Adani Group: Decades long track record of industry best growth rates across sectors
Adani Group: Decades long track record of industry best growth rates across sectors Port Cargo Throughput (MMT) Renewable Capacity (GW) Transmission Network (ckm) CGD7 (GAs8 covered) 132% 12% 45% 20% 3x 5x 3x 30% 1.5x 4% 7% 25% Industry Adani APSEZ Industry Adani AGEL Industry ATL Industry AGL 2014
Slide 5: Adani Group: Repeatable, robust & proven transformative model of investment
Adani Group: 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 capital stru
Slide 6: Adani Ports and Logistics
1 Adani Ports and Logistics 6
Slide 7: APSEZ: A transport utility with string of ports and integrated logistics network
APSEZ : A transport utility with string of ports and integrated logistics network West Coast East Coast Capacity 335 MMT Capacity 227* MMT Dahej 14 MMT Tuna 14 MMT Mundra 264 MMT Dhamra Hazira Vizag 45 MMT Mundra - 30 MMT 6 MMT India’s Largest Commercial Dighi Gangavaram^ Container Terminals Port by
Slide 8: Adani Logistics Limited (ALL): Simplifying Supply Chain Solutions
Adani Logistics Limited (ALL): Simplifying Supply Chain Solutions Our Vision To be the admired leader in providing integrated logistics infrastructure and services in India and in the region, with a deep commitment to nation-building by providing World-class multi-modal supply chain solutions and se
Slide 9: ALL: Integrated logistics to provide growth impetus & bring customers to ports gate
ALL : Integrated logistics to provide growth impetus & bring customers to ports gate Grain Rail Trains MMLPs Ware-housing Silos Tracks Assets 60 5 0.87 0.4 mn 620* FY21 Trains MMLP MMT Sq. ft. KMs 8X 3X 3X 150X 3X 30 mn Sqft.-Organic 200+Trains 15 MMLP 2.5+ MMT + 2000+ KMs FY26 (Largest Private (Cov
Slide 10: ALL: Solutions Offered
ALL: Solutions Offered Multi Modal Logistics Parks (MMLP) Warehousing Solutions Operating warehouses of 8.7 Rail Logistics Lakh sq. ft. (5.3 Lakh sq. ft. for Flipkart- Walmart under construction). At nascent stage , great Air Cargo Stations opportunity to grow Agri Logistics 10
Slide 11: Warehousing Business Opportunity for Growth
2 Warehousing Business Opportunity for Growth 11
Slide 12: India's growth trajectory to drive Warehousing demand
ALL (Warehousing): India’s growth trajectory to drive Warehousing demand India Warehousing stock* ( mn. Sq.m )- FY21 Warehousing stock ( mn sqm ): 30.9 Warehousing stock Per capita ( sq m ): 0.02 1,446 Indian Warehousing still at a nascent stage ( 0.02 sqm. per capita ); long way to go 1,060 before
Slide 13: Grade A Warehousing supply taking center stage over last 5 years
ALL (Warehousing): Grade A Warehousing supply taking center stage over last 5 years Grade A Warehousing stock ( in mn sqft. ) • Post GST, warehousing consolidation 164 140 is on rise 110 90 65 • Grade A warehousing stock has grown at a CAGR of 20% over the FY17 FY18 FY19 FY20 FY21 last 5 years Grade
Slide 14: Changing dynamics with e-commerce growth & formalization
ALL (Warehousing): Changing dynamics with e-commerce growth & formalization E-commerce growth • The pandemic has accelerated the trend of online purchases Accelerates due to pandemic restrictions which had already taken root well before • E-commerce the biggest driver for logistics and warehousing 1
Slide 15: Post-pandemic behavior shifts to fuel warehousing growth
ALL (Warehousing): Post-pandemic behavior shifts to fuel warehousing growth • 94% of Fortune 1000 impacted by supply chain disruptions due to COVID Resilient Supply Chain • 85% Businesses to diversify supply chains and will not revert to pre-pandemic models • Production linked incentive ( PLI ) to a
Slide 16: Warehousing Market Opportunity
3 Warehousing Market Opportunity 11
Slide 17: Demand to reach ~370 mn Sqft. in next 5 years for Grade A
ALL (Warehousing): Demand to reach ~370 mn Sqft. in next 5 years for Grade A warehousing space in India Current Grade A Warehousing Expected Grade A Warehousing by FY21 17% CAGR FY26 164 mn Sqft 370 mn Sqft ( in million sqft.) 85 76 68 61 55 50 45 40 41 37 33 24 FY21 FY22 FY23 FY24 FY25 FY26 Total w
Slide 18: Top markets for Grade A warehousing space in India
ALL (Warehousing): Top 20 markets for Grade A warehousing space in India Gr.A Warehouse Existing Absorption S.N0 Cities stock in Mn (Mn Sqft) Sqft Last 2 Next 5 Years Years 1 Mumbai MMR 121 14.3 56 Ludhiana 2 Delhi NCR 57 6.4 22 3 Kolkata 21 4.7 16 4 Chennai 24 5.4 16 NCR 5 Bangalore 25 5.3 19 Top 1
Slide 19: Organic & inorganic growth to catapult ALL to dominant position
Organic & inorganic growth to catapult ALL to dominant position 30 mn Sqft ~150X Organic growth Growth Green Field Development of Warehouses leveraging existing Land Parcels 0.4 ~60 Mn Sqft Mn Sqft FY 21 FY 26 ~30 mn Sqft Inorganic Growth Acquisition of strategic Assets in Top 20 Markets 19
Slide 20: ALL (Warehousing): leveraging on portfolio solution capabilities
ALL (Warehousing): leveraging on portfolio solution capabilities ~60% of the 30 mn Sqft. inhouse WH Potential for developments will come from Location Next 5 Years existing land assets, (Mn Sqft) Existing land Mumbai MMR 5.0 assets Ludhiana (160 Acres) Delhi NCR 3.5 Bangalore 0.5 Utilize existing NC
Slide 21: ~10 mn Sqft. of inorganic opportunities across 15 locations
ALL (Warehousing): ~ 10 mn Sqft. of inorganic opportunities across 15 locations • Evaluate and add pre-leased warehousing assets as part of inorganic growth • Locations to be identified in or near to tier 1 & tier 2 cities Opportunities North 6 Locations ~ 3 Mn Sqft. 15 Locations West East 4 Locatio
Slide 22: Long Term Assured and Risk-Free Returns
ALL (Warehousing): Long Term Assured and Risk-Free Returns Next 5 Year growth targets 1 Long Term Leasing Model (5~9 Years) ~60+ Mn Sqft of Grade-A Warehousing development 2 3 ~ 5 Years Lock-in ~ INR 2,000+ Cr 3 Yearly Escalation on Rentals EBITDA Estimated ROCE to be 18+ %. With 4 ports, airports &
Slide 23: ALL (Warehousing): Team
ALL (Warehousing): Team Vikram Jaisinghani – Chief Executive Officer • Vikram has over 36 years of leadership experience spread across various industries – Manufacturing (GE, Asian Paints, Cummins, Raymond). He was the co-lead in McKinsey to start the Business Transformation practice in India and se
Slide 24: ALL (Warehousing): Team
ALL (Warehousing): Team Nikhil Dash– General Manager, Investments • Nikhil has over 17 years of leadership experience in Investments and Business Development across Warehousing ,Logistics Real Estate and grid scale Solar Projects and has worked in TVS Industrial & Logistics Parks, Indospace Capital
Slide 25: ALL (Warehousing): Way Forward
ALL (Warehousing): Way Forward 1 Leverage existing land assets of Adani Group 2 Acquisition of new land parcels at identified emerging locations 3 Inorganic acquisition of warehousing assets at strategic locations 4 Work with State Government for development of logistics parks driven largely by ware
Slide 26: 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
Adani Ports and Special Economic Zone — Investor Presentation (October 2021) on 6ix