Adani Power Limited · NSE:ADANIPOWER
Adani Power — Shareholder Meeting (June 2024)
25 slides from Adani Power's shareholder meeting presentation, Jun 25, 2024
Slide 1: Presentation to Shareholders: 28th Annual General Meeting
Adani Power Limited Presentation to Shareholders 28th Annual General Meeting 25th June 2024
Slide 2: 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 Power Limited (“APL”) and its subsidiaries , associates, and joint ventures (c
Slide 3: Adani Power Limited (APL): FY 2023-24 Highlights
1 Adani Power Limited (APL): FY 2023-24 Highlights STRICTLY CONFIDENTIAL
Slide 4: Stronger Than Ever in FY 2023-24
APL: Stronger Than Ever in FY 2023-24 Revenues EBITDA* Profit After Tax Rs. 43,041 Rs. 60,281 Rs. 14,312 Rs. 28,111 Rs. 10,727 Rs. 20,829 Crore Crore Crore Crore Crore Crore +40% +96% +94% FY 2022-23 FY 2023-24 FY 2022-23 FY 2023-24 FY 2022-23 FY 2023-24 Total Equity EBITDA / MW Net Debt / MW Rs. 29
Slide 5: Operating Excellence in FY 2023-24
APL: Operating Excellence in FY 2023-24 Installed Capacity Plant Load Factor Power Sales (BU) 13,650 MW 15,250 MW 48% 65% 59.4 79.3 +12% +1677 +48% FY 2022-23 FY 2023-24 FY 2022-23 bps FY 2023-24 FY 2022-23 FY 2023-24 Specific Coal Consumption Fuel Logistics Management^ Employee Safety@ 0.64 kg/kWh
Slide 6: Organic and inorganic capacity expansion highlights for FY 2023-24
APL: Organic and inorganic capacity expansion highlights for FY 2023-24 ➢ Commissioned in Q1 FY 2023-24 within 3.5 years of financial closure Godda ➢ India’s first transnational power project selling its entire capacity to Bangladesh 1600 MW ➢ Earning precious foreign exchange and supporting Banglad
Slide 7: Power Sector Outlook and Growth Strategy
2 Power Sector Outlook and Growth Strategy STRICTLY CONFIDENTIAL
Slide 8: Thermal Power will act as reliable source of electricity and stabilize the grid
Thermal Power will act as reliable source of electricity and stabilize the grid in a rising renewable energy scenario 4500 700 Power Demand Growth Projections FY25 onwards, new Capex cycle is expected 4000 3776 to drive demand with increased share of 600 3500 manufacturing and growing peak demand 30
Slide 9: Strategy for long term value creation
APL: Strategy for long term value creation Doubling of current capacity: 30,670 MW by FY 2029-30 Current capacity Ongoing projects Upcoming opportunities Target Organic 10,880 MW 6,400 MW 4,800 MW 22,080 MW Efficient and modern Under construction / Brownfield expansion Organic capacity fleet develop
Slide 10: Progress on growth strategy in FY 2024-25
APL: Progress on growth strategy in FY 2024-25 ▪ Stratatech Mineral Resources Pvt. Ltd. (SMRPL), a subsidiary of Adani Enterprises Ltd., to be amalgamated with Mahan Energen Ltd. (MEL) through Amalgamation of NCLT-appointed process. Mining Company ▪ SMRPL holds a commercial mining license of Dhiraul
Slide 11: APL: Key Differentiators for Long Term Success
3 APL : Key Differentiators for Long Term Success STRICTLY CONFIDENTIAL
Slide 12: All-round excellence for sustained leadership
APL: All-round excellence for sustained leadership ▪ Integrated approach from project conceptualization to project commissioning Integrated Project ▪ In-depth optimization at each stage of project management cycle Management ▪ Strong project controls, collaboration, and convergence leading to effect
Slide 13: Enhancing reliability and responsiveness through analytics
APL: Enhancing reliability and responsiveness through analytics Project Beacon Objectives Initiatives Outcomes Ignite 1 More than 70 Value addition to drive Plant efficiency and reliability operational improvements leveraging data and analytics Spark 74 Initiatives More than 45 Rs. 25+ Crore Operati
Slide 14: Reducing Carbon footprint through Benign coal conversion pathways
APL: Reducing Carbon footprint through Benign coal conversion pathways – Ammonia / Biomass Co-firing, CCUS initiatives are progressing… Benefits Biomass / Ammonia Co-firing Choice of dispatch in MOD Green Ammonia NH4 Energy Improved ESG rating Biomass Bring in additional investment on improved ESG r
Slide 15: APL: Business Highlights for FY 2023-24
4 APL : Business Highlights for FY 2023-24 STRICTLY CONFIDENTIAL
Slide 16: Strong growth in revenues and operating margins
APL: Strong growth in revenues and operating margins Total Revenues (Rs. Crore) +21% CAGR 60,281 ▪ Higher revenues on back of 43,041 volume growth (79.3 BU vs 28,150 31,686 59.4 BU) due to higher power 27,842 demand and capacity addition (Godda 1600 MW) FY20 FY21 FY22 FY23 FY24 ▪ Higher one-time rev
Slide 17: Reduction in finance cost and improved post-tax profits
APL: Reduction in finance cost and improved post-tax profits Finance Cost (Rs. Crore) 5,315 5,106 ▪ Judicious utilization of cash 4,095 surplus to deleverage by 3,334 3,388 reducing secured and unsecured debt. ▪ Effective control on Finance Cost despite additional FY20 FY21 FY22 FY23 FY24 borrowing
Slide 18: Deleveraging of balance sheet and stronger net worth
APL: Deleveraging of balance sheet and stronger net worth Senior Term Debt / Equity Ratio (times) 5.32 3.90 ▪ Significant reduction in 2.57 senior debt through 1.86 deleveraging despite ongoing 0.99 capacity growth. 0.65 ▪ Revitalisation of financial FY19 FY20 FY21 FY22 FY23 FY24 position leading to
Slide 19: ESG Philosophy and Practice at APL
5 ESG Philosophy and Practice at APL STRICTLY CONFIDENTIAL
Slide 20: Robust ESG assurance framework
Robust ESG assurance framework Guiding Principles United Nations Global Sustainable GRI Standards Guiding Compact Development Goals Policies Principles Policy Structure Focus Area - UNSDG Environment Policy Covered in • Climate Action E Business Responsibility (BR) • ESG Policy • No Poverty Zero hun
Slide 21: ESG Highlights
APL: ESG Highlights Material Topic Targets Key ESG Initiatives/Achievements UN SDGs Reduction in GHG emission intensity Climate Change Adaptation and mitigation Climate Change Adaptation to 0.84 tCO2e/MWh • Average Emission intensity - 0.85 tCO2e/MWh. by FY 2025 and Mitigation Water Management • Wat
Slide 22: Board of Directors and Management overview
APL: Board of Directors and Management overview 100% Chaired Chaired IDs By IDs By NID Board of Directors Statutory Committees 40% Independent Directors - Audit 🗹 Comprised of only Independent Directors - Nomination & Remunerations 🗹 100% of - Stakeholder Relationship 🗹 Statutory Committees -…
Slide 23: Conclusion
6 Conclusion STRICTLY CONFIDENTIAL
Slide 24: Vehicle of choice for long term growth
APL: Vehicle of choice for long term growth Credible Proven project execution and turnaround skills Capable Aptly demonstrated all-round expertise and financial strength Competent Robust systems with highly skilled and experienced team Committed Long term and growing investments in core infrastructu
Slide 25: Thank You
Thank You