Adani Green Energy Limited · NSE:ADANIGREEN
Adani Green Energy — Investor Presentation (April 2021)
40 slides from Adani Green Energy's investor presentation, April 2021
Slide 1: Adani Green Energy Limited: Project Development Excellence
Renewables Adani Green Energy Limited Showcase Presentation Project Development Excellence April 2021 1
Slide 2: Contents
CONTENTS 1 Adani Group 2 AGEL: Company Profile 3 Project Development Excellence 4 Case Study: India’s largest Hybrid Cluster Development 5 Readiness for next phase of growth 6 Investment Rationale Annexure 1: Revolving Construction Facility Annexure 2: ESG
Slide 3: Adani Portfolio
Adani Portfolio Renewables 3
Slide 4: Adani Group: A world class infrastructure & utility portfolio
Adani Group : A world class infrastructure & utility portfolio Transport & Logistics Portfolio Adani Energy & Utility Portfolio Adani 63.7% 100% 75% 56% Marked shift from B2B to B2C businesses - APSEZ SRCPL ATL AGEL Port & Logistics Rail T&D Renewables ATGL - Gas distribution network to serve key 10
Slide 5: 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 Capacity (ckm) CGD7 (GAs8 covered) 161% 12% 21% 45% 2.5x 6x 3x 1.5x 30% 5% 7% 25% Industry APSEZ Industry AGEL Industry ATL Industry AGL 2014 972 MT 11
Slide 6: 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 • Site acquisition • Engineering & design • Redesigning the • Analysis & market • Life cycle O&M capital
Slide 7: AGEL: Replicating Group's Transformational Growth Profile
AGEL : Replicating Group’s Transformational Growth Profile Secure Sites & Connectivity Resource Assessment Construction Readiness Development 200,000 acres 85+ Wind Geotechnical studies Resource rich Sites in strategic locations with data locations and detailed design planning, ~31 GW potential Sola
Slide 8: Adani Green Energy Limited: Company Profile
Adani Green Energy Limited Company Profile Renewables 8
Slide 9: AGEL: Transformational Renewable Company
AGEL: Transformational Renewable Company Largest Listed 3,470 MW – Operational Over 30 GW sites identified & Renewable Site Plan Company in India + 2,870 MW – execution in 12 months under acquisition Near Tender 4,800 MW - Emerged L1 bidder 1 Construction 8,900 MW Pipeline ~ 7,000 MW - Upcoming tend
Slide 10: AGEL: Large, Geographically Diversified Portfolio
AGEL: Large, Geographically Diversified Portfolio 15,240 MW Portfolio 1 | 3,470 MW operational Average AGEL tariff below APPC 2 APPC @ 3.60/kWh Operational Under Implementation Wind Solar 3.26 Solar-Wind Hybrid 2.0 2.4 2.5 3.2 2.3 2.7 130 Apr'17 Dec'17 Jan'18 Aug'18 Jun'20 Dec'20 AGEL 50 345 Portfol
Slide 11: Project Development Excellence
Project Development Excellence 11
Slide 12: AGEL: Development and de-risking philosophy
AGEL: Development and de-risking philosophy Resource Assessment Land Identification Design Optimisation Relentless focus on Origination 85+ Wind locations 2,00,000+ acres land design optimization to drive assessed identified across India Cost Efficiency Land Acquisition Statutory Approvals Transmiss
Slide 13: Approach to lock in strategic resource by aggregating 5 year forward sites
AGEL: Approach to lock in strategic resource by aggregating 5 year forward strategic sites Systematic Approach to identify resource rich sites in order to de-risk future development Gather Site filtering Prioritization Micro-planning State wind and Priority projects Priority solar potential from pub
Slide 14: Systematic Development Process with centralized coordination by PMAG
AGEL: Systematic Development Process with centralized coordination by PMAG Project Management & Assurance Group End-to-end Integration from Origination to Execution with Centralized PMAG Realtime monitoring with Integrated Project Management tool developed in-house with single source of truth concep
Slide 15: Commenced journey with 648 MW Solar Plant at Kamuthi, Tamilnadu
AGEL: Commenced journey with 648 MW Solar Plant at Kamuthi, Tamilnadu • Developed 648 MW, then the world’s largest solar power plant at a single location, in Kamuthi, Tamil Nadu • Mammoth execution undertaken in less than 9 months, of which 2 months featured the worst floods in recent history of Tam
Slide 16: Simultaneously executed 33 Projects across 7 states in 12 months
AGEL: Simultaneously executed 33 Projects across 7 states in 12 months Projects across Diversified Geographic locations • 33 projects executed simultaneously across 7 states in India despite disruptions like: 100 • GST (July 2017): Uncertainty in GST implementation led to delay in dispatch of equipm
Slide 17: Capacity Addition 925 MW in FY21 despite ongoing pandemic
AGEL: Capacity Addition 925 MW in FY21 despite ongoing pandemic (All figures in MW AC) Greenfield expansion Brownfield expansion ✓ Despite Covid pandemic related disruption & lockdown AGEL added 575 MW projects within timelines ✓ Above projects commissioned up-to 160 days ahead of scheduled COD ✓ En
Slide 18: Case Study: India's largest Hybrid Cluster Development
Case Study: India’s largest Hybrid Cluster Development 18
Slide 19: 1,690 MW Hybrid Cluster Development
AGEL: 1,690 MW Hybrid Cluster Development Strategically located near Jaisalmer, Rajasthan Project Snapshot Solar-Wind Hybrid Particulars Project 1 Project 2 Project 3 Total Under Implementation PPA Capacity (MWac) 390 600 700 1,690 390MW Solar (MWac) 360 600 600 1,560 600 MW 700 MW Wind (MWac) 101 1
Slide 20: 1,690 MW Hybrid Cluster - Site Origination
AGEL: 1,690 MW Hybrid Cluster Development - Site Origination Stage 1: Site Origination fully de-risked well in advance Strategically identified Ideal location for both Solar & Wind Solar irradiation of 2000 kWh/ sqm – top 5 in India Perfect location Ideal Wind speed of 7 meters/ second for Hybrid Am
Slide 21: 1,690 MW Hybrid Cluster - Site Development
AGEL: 1,690 MW Hybrid Cluster Development - Site Development Stage 2: Site Development mostly de-risked • Acquisition of 7,358 acres out Land Acquisition total 10,294 acres land completed ✓ Standardized site team Site team organization & deployment in deployment place ✓ Good relations established St
Slide 22: 1,690 MW Hybrid Cluster - Execution
AGEL: 1,690 MW Hybrid Cluster Development - Execution Stage 3: Execution in progress I Detailed II Supply Chain III IV O&M readiness Site Execution Engineering Management • Typical Common infrastructure • Design Philosophy: Central Team of • Strategic sourcing: Long term tie- • Learnings from past e
Slide 23: 1,690 MW Hybrid Cluster - Latest technology adoption
AGEL: 1,690 MW Hybrid Cluster Development – Latest technology adoption Solar – Latest Technology to enable highest CUF Wind – Technology enhancement Bifacial Modules Turbine on Jacket sub-structure Solar power generation from both sides of the panel High CUF Horizontal Single-Axis Tracking system ~4
Slide 24: ESG Implementation in 1,690 MW Hybrid Cluster
AGEL: ESG Implementation in 1,690 MW Hybrid Cluster Standardised ESG Practices Study/ Assessment Agency Environment & Social Impact Assessment (ESIA) Critical Habitat Assessment (CHA) • Standardized ESG practices consistently implemented across all Human Rights Risk Assessment (HRRA) the projects Cl
Slide 25: AGEL - Readiness for next phase of Growth
AGEL – Readiness for next phase of Growth 25
Slide 26: ~15 GW site at Khavda, Gujarat
AGEL – Readiness for next phase of growth: ~15 GW site at Khavda, Gujarat State Site area 2.7x of Paris City Over 3 years of on site resource Resource Assessment estimated Solar potential map - Gujarat 70,000 acres of land Land Acquisition allotted by Govt. Construction Geotech studies and logistics
Slide 27: 15 GW site at Khavda: Advanced Site Studies Conducted
AGEL – 15 GW site at Khavda, Gujarat State: Advanced Site Studies Conducted Studies conducted to ensure site readiness Consultants Geotechnical Investigation: To obtain information on the CEG-Jaipur / KCT-Ahmedabad / Unique-Bhuj physical properties of soil earthworks and foundations for proposed str
Slide 28: Investment Rationale - AGEL
Renewables Investment Rationale - AGEL 28
Slide 29: A Compelling Investment Case
AGEL: A Compelling Investment Case Project Development Excellence O&M Excellence ✓ De-risked project pipeline through Advance resource ✓ Analytics driven O&M through Energy Network Operation estimation, design & supply chain planning Center (ENOC) ensures consistent Solar Plant availability of ~ 100
Slide 30: Thank You
adani ” Renewables | Thank You
Slide 31: Annexure 1 AGEL: Revolving Construction Facility
Annexure 1 AGEL: Revolving Construction Facility 31
Slide 32: Capital Management Philosophy
AGEL: Capital Management Philosophy Maximize FCFE → Cash reinvested for growth → Multiply FCFE Project Construction Stabilization Post-Stabilization HoldCo. Financing Strategic Equity Sale Financing Phase Phase Ensure senior debt availability HoldCo financing to Ensure availability Debt Capital mark
Slide 33: Construction Facility in Context – Largest International Project Finance Transaction in India
Construction Facility in Context – Largest International Project Finance Transaction in India Activity Agency Banks Region Sanction Committed Key Highlights EYA UK 480 325 Largest PF transaction by 1 international banks in ESIA, CHA, Bird & UK 50 50 India – USD 1.35b Bat Monitoring ESDD Asia 150 150
Slide 34: Annexure 2 AGEL: ESG
Annexure 2 AGEL: ESG Renewables 34
Slide 35: AGEL: ESG Strategy Framework
AGEL : ESG Strategy Framework Purpose Decarbonizing the Nation’s Growth Strategic Pillars Corporate Citizenship & Responsible Business Role in Global Climate Action Enabling Social Transformation Practices Focus Areas ✓ Decarbonization of value chain ✓ Human capital management ✓ Ethics and integrity
Slide 36: AGEL: Role in Global Climate Action
AGEL: Role in Global Climate Action Environment related Factors Offsetting Carbon Emission Conservation of Resource/ Waste Management Biodiversity • Maintaining 3R (Reduce, Recycle and Climate • Supporting low carbon Economy • Caring and protecting biodiversity Reuse) for Waste management Awareness
Slide 37: Key Initiatives to Reduce Environmental Damage
AGEL – Key Initiatives to Reduce Environmental Damage Fast-paced Renewable Capacity addition leading Efficiency in land usage to a greener future Operational capacity (MW AC) 25,000 Target capacity (MW AC) Land use in Acres/MW 5.0 3.2 3,470 1,958 1,970 2,545 372 808 FY16 FY17 FY18 FY19 FY20 FY21 FY2
Slide 38: Case Study: Water Resource Conservation Initiatives
Case Study: Water Resource Conservation Initiatives 648 MW Solar Plant at Kamuthi, Tamilnadu Reduced Water consumption becomes Water Positive Estimated water New ground water Water saved in consumption for recharge reservoir built Kamuthi is >1.5x of Kamuthi site 52,982 m3/yr usage 35,670 m3 Certifi
Slide 39: Enabling Social Transformation
AGEL: Enabling Social Transformation Social Initiatives through Adani Foundation 1 : Core Areas AGEL: Local Community Engagement Education Social welfare Need based customized programs for the programs local community Community Health Education & Support provided to local schools to promote Sports e
Slide 40: Adopting Responsible Business Practices
AGEL: Adopting Responsible Business Practices • Independent Board – implemented at AGEL & under implementation for ESG Governance Structure subsidiaries: • 50% of the Board comprises of Independent Directors ESG Apex Committee • 4 out of 5 Board Committees comprise of Majority Independent Directors
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