Adani Energy Solutions Ltd · NSE:ADANIENSOL
Adani Energy Solutions — Q1 FY25 Earnings Presentation
37 slides from Adani Energy Solutions's earnings presentation, July 2024
Slide 1: Adani Energy Solutions Limited Q1FY25 Results Presentation
Adani Energy Solutions Limited (Formerly known as Adani Transmission Limited) Q1FY25 Results Presentation July 2024
Slide 2: Contents
CONTENTS 04-07 Adani Portfolio 04 09 Executive Summary – Q1 FY25 09 11-14 Financial Highlights – Q1FY25 11 Operational Highlights – Q1FY25 16 16-18 AESL - ESG Framework 20 20-26 28 AESL: Recent Business Updates 28 Annexure – Rating and AESL’s 30-35 Asset Portfolio 30
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 Flagship Infrastructure & Utility Core Portfolio Primary Industry Emerging B2C Materials, Metal Direct to Incubator Energy & Utility Transport & Logistics & Mining consumer (100%) (100%) (74.72%) (100%) (50.00%) (100%) (100%) ANIL AdaniConneX3
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 71% 1,2 EBITDA 92% 1,4 AEL APSEZ Growth 3x 6 Growth 1.4x 6 AGEL ATGL Adani’s Core Infra. Platfo
Slide 6: Adani: Repeatable, robust & proven transformative model of investment
Adani: Repeatable, robust & proven transformative model of investment DEVELOPMENT OPERATIONS CONSUMERS 1 New C.E.O. Adani Infra (India) Limited (AIIL) Operations (AIMSL) Consumer I Employees I Other Stakeholders Origination Site Development Construction Operation Inspired Purpose & Value Creation AC
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 14 states 7% CAGR growth in RAB in Mumbai Development 21,187 ckm(1) Distribution
Slide 8: AESL - Executive Summary and Key Focus Areas
Adani Energy Solutions Limited Debt Presentation | February 2 0 2 0 Transmission AESL - Executive Summary and Key Focus Areas 14
Slide 9: Executive Summary – Q1FY25
AESL: Executive Summary – Q1FY25 Operational Update: Other Key Updates: Transmission business: – Achieved robust system availability of 99.7% at portfolio level – FTSE Russell has upgraded AESL’s ESG score in the – During the quarter, added 190 ckm to the operational network with a total network at
Slide 10: Q1 FY25 Financial Highlights (YoY)
Revenue from EBITDA PAT operations Rs. 5,379 Cr Rs. 1,762 Cr Rs. 315 Cr 47% up YoY 28% up YoY 73% up YoY Q1 FY25 Financial Highlights (YoY) 10
Slide 11: Consolidated Financial Highlights Q1FY25 YoY
AESL: Consolidated Financial Highlights Q1FY25 YoY (In Rs Cr) Revenue from Operations EBITDA (Adjusted) PAT (Adjusted) 5,379 1,762# 315# 1,378 3,664 182 Q1FY24 Q1FY25 Q1FY24 Q1FY25 Q1FY24 Q1FY25 Cash Profit Cash Profit (ex one-time) 908# 908# 649^ 639 Q1FY24 Q1FY25 Q1FY24 Q1FY25 Note: #Adjusted for
Slide 12: Segment–wise Financial Highlights Q1FY25 YoY
AESL: Segment–wise Financial Highlights Q1FY25 YoY Operational Revenue EBITDA (In Rs Cr) 3,372 1,148 2,738 862 592# 516 1,174 884 76 21 Transmission Distribution Smart Metering Transmission Distribution Smart Metering Q1FY24 Q1FY25 Q1FY24 Q1FY25 PAT Cash Profit 571 251 417^ 162 320# 232 51# 20 14 16
Slide 13: Transmission – Revenue and Operating EBITDA Bridge YoY
AESL: Transmission – Revenue (ex incentive) and Operating EBITDA Bridge YoY (In Rs Cr) Revenue (excluding incentive) up 33% supported by revenue Operating EBITDA up 33% driven by strong revenue contribution from new line elements 280 287 35 (28) 4 ( 26 ) 1,145 1,073 858 808 Q1 FY25 Newly operational
Slide 14: Distribution (AEML and MUL) - Revenue and Operating EBITDA Bridge YoY
AESL: Distribution (AEML and MUL) - Revenue and Operating EBITDA Bridge YoY (In Rs Cr) Revenue up 23% driven by higher energy demand Operating EBITDA ended 19% higher 315 634 (28) (23) 290 (31) (54) (177) 13 9 7 3,372 (235) 2,738 534 447 Q1FY25 Sale of energy Fuel adjustment Wheeling charges Transmi
Slide 15: Q1FY25 Operational Highlights (YoY)
▪ Average Transmission System Availability 99.7% ▪ Transmission Network at 21,187 ckm added 190 ckm ▪ Supply Reliability (ASAI) in AEML 99.99% ▪ Distribution Loss in AEML further improved to 5.18% Q1FY25 Operational Highlights (YoY) 15
Slide 16: Transmission Utility – Key Operating Metrics Q1FY25 (YoY)
AESL: Transmission Utility – Key Operating Metrics Q1FY25 (YoY) Transmission Network Length(2) (ckm) Power Transformation Capacity(2) (MVA) 21,187 57,186 19,778 46,001 Continuous expansion in Added 190 ckm to the transformation capacity on operational network in Q1 with account of new project total
Slide 17: AEML: Distribution Utility – Key Operating Metrics Q1FY25 (YoY)
AEML: Distribution Utility – Key Operating Metrics Q1FY25 (YoY) Supply Reliability (ASAI) (%) SAIDI (mins), SAIFI (nos.) and CAIDI (mins)(1) SAIFI SAIDI CAIDI 99.991% 99.991% 35.03 35.73 Maintained supply reliability of more Reliability parameters than 99.9% improving consistently 11.85 11.60 0.33 0
Slide 18: AEML: Distribution Utility – Key Operating Metrics Q1FY25 (YoY)
AEML: Distribution Utility – Key Operating Metrics Q1FY25 (YoY) Consumer base (million) Distribution Loss (%)(1) E-payment (% of total collection) 83.30% 5.18% 3.20 78.48% 3.14 4.85% Increase in consumer E-payments share Distribution loss remains base reflecting AEML increasing with greater well bel
Slide 19: AESL - ESG Framework
Adani Energy Solutions Limited Debt Presentation | February 2 0 2 0 Transmission AESL is now certified Won the prestigious Continue to maintain CSRHUB score improved to 87%, well Single Use Plastic (SUP) Free above the Electric & Gas Utilities Best-in-class ESG ratings from industry average of 911 c
Slide 20: ESG Framework
AESL: ESG Framework United Nations GHG Protocol SBTi Global Compact Guiding Integrated Reporting Policies Guiding Principles and TCFD framework CDP principle Disclosure Standards UN Sustainable TNFD GRI Standards Development Goals Policy Structure Focus Areas • Environment & Energy as part of IMS po
Slide 21: Environment: Key Environmental Indicators and Milestones
AESL: Key Environmental Indicators and Milestones Key Performance Indicators Current Status Baseline Short to Medium-term Targets Energy Mix & Emission Intensity AEML has achieved 37% renewable in power mix as of June - RE share in power procurement 3% FY19 60% by FY27 70% by FY30 2024 The target fo
Slide 22: Social Philosophy and Focus Areas
AESL: Social Philosophy and Focus Areas Our social Initiatives are mapped to UNSDG 2030 • Physical infrastructure and e-learning platform in rural areas Access to Education • Educational Kits (2830 students benefited) & School Uniforms Tiroda, Dahanu and to Anganwadi children (5780 students benefite
Slide 23: Social: Key Social Indicators and Milestones
AESL: Key Social Indicators and Milestones Material Actual Target Material Themes Key Performance Indicators Baseline Categories (FY23-24) (FY24-25) Zero Rate of fatalities per million hours worked Zero Zero (FY 20-21) Work related injury Rate of recordable work-related injuries per 0.33 0.33 Zero m
Slide 24: Governance Philosophy and Focus Areas
AESL: Governance Philosophy and Focus Areas Policies Committees Assurance • Environment Policy covered in BR Policy • Water Policy • Corporate Responsibility Committee • Bio-diversity Policy • Risk Management Committee Corporate Governance • Due –diligence for CoC, HR, ESG etc Responsibility Committ
Slide 25: Governance: Key Governance Indicators and Milestones
AESL: Key Governance Indicators and Milestones Material Categories Material Themes Key Performance Indicators Baseline Actions Taken and Goals 16.6% - women Board Gender Balance the board composition in terms of men • % of women directors in board improved to Board Gender Diversity directors in boar
Slide 26: Enhanced Safety Culture
AESL: Enhanced Safety Culture Safety Initiatives During Q1FY25 Safety Performance in Q1FY25 • Safety training: 31,021 man-hours of safety training and awareness during Q1FY25 Transmission Distribution (AEML) • Positive Safety Culture: Safety Parameters Q1FY25 Q1FY24 Q1FY25 Q1FY24 o Observance of Nat
Slide 27: Recent Business Updates
AESL: Recent Business Updates 27
Slide 28: Recent Business Updates and Initiatives
AESL: Recent Business Updates and Initiatives AEML has initiated divestment of the Dahanu In our pursuit of achieving the highest standards of thermal power plant (ADTPS), which is in line with consumer centricity, AEML launched quarterly Completed acquisition of Mahan - Sipat transmission AESL’s ES
Slide 29: Annexure – Rating and Operational and Under-construction Asset Portfolio
Adani Energy Solutions Limited Debt Presentation | February 2 0 2 0 Transmission Annexure– Rating and Operational and Under-construction Asset Portfolio 14
Slide 30: AESL and AEML Credit Ratings
AESL and AEML Credit Ratings International – ATSOL Obligor Group (Transmission business) (Reg S/ 144A) SPV Ratings - Domestic Rating Agency Facility Rating/Outlook Company Rating Agency Rating Outlook AESL India Ratings AA+ Stable Fitch Dollar Bond BBB-/Stable AESL ICRA A1+ Stable Moody’s Dollar Bon
Slide 31: AESL’s Operational Asset Portfolio as of June 2024 (1/2)
AESL’s Operational Asset Portfolio as of June 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 Mund
Slide 32: AESL’s Operational Asset Portfolio as of June 2024 (2/2)
AESL’s Operational Asset Portfolio as of June 2024 (2/2) Adani Energy Solutions Limited 100% 100% 100% 100% 100% 100% 100% 100% 100% Obra-C Lakadia WRSS – XXI Jam Karur Kharghar Khavda- ATSTL Khambaliya WKTL - Vikhroli Bhuj (EPTCL) Badaun Banaskantha (A) Transmission Obra Lakadia Lakadia - Jam Waror
Slide 33: AESL Transmission Under-construction Asset Portfolio as of June 2024
AESL‘s Transmission Under-construction Asset Portfolio as of June 2024 Adani Energy Solutions Limited 100% 100% 100% 100% 100% 100% 100% 100% 100% Since AESL’s evolution its Transmission Network (ckms) has grown MP AEMIL Khavda – Line & SS 3.9x and expanded into Distribution businesses NKTL WR-SR KT
Slide 34: AESL Smart Metering Under-construction Portfolio as of June 2024
AESL‘s Smart Metering Under-construction Portfolio as of June 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 35: Key Financial Numbers as of June 2024
AESL: Key Financial Numbers as of June 2024 As of Particulars June 30, 2024 Long Term Borrowings incl Current maturities 37,481.69 Short term Borrowings 2,129.78 Interest Accrued but not due 413.75 Total (A) 40,024.22 Shareholders Funds: Equity Share Capital 1,115.49 Other Equity 10,767.27 Non-Contr
Slide 36: 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 37: Thank You
MUSHKILON K\ adari , NAHI SUNTE, HUM KARKE DIKHATE HAIN. #HumKarkeDikhateHain @ adani Energy Solutions Thank You
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