Adani Green Energy Limited · NSE:ADANIGREEN
Adani Green Energy — 9M FY22 Earnings Presentation
31 slides from Adani Green Energy's earnings presentation
Slide 1: Adani Green Energy Limited Earnings Presentation 9M FY22
Adani Green Energy Limited Earnings Presentation 9M F Y22 Consolidated Financials 1
Slide 2: Contents
CONTENTS 1 Adani Group 2 AGEL: Company Profile 3 AGEL: Operational & Financial Highlights 4 AGEL: ESG 5 AGEL: Investment Rationale Annexures
Slide 3: Adani Group
Adani Group Renewables
Slide 4: 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 B2C Portfolio Portfolio businesses – 63.8% 100% 75% 61.3% • ATGL – Gas distribution network to serve key APSEZ ATL AGEL geographies across India NQXT2 Renewables Por
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 (MMT) Renewable Capacity (GW) Transmission Network (ckm) CGD7 (GAs8 covered) 12% 132% 21% 45% 3x 5x 3x 30% 1.5x 4% 7% 25% Adani Industry APSEZ Industry Adani AGEL Industry ATL Industry AGL 2014
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 capital • Analysis & market • Life cycle O&M
Slide 7: AGEL: Replicating Group's Simple yet Transformational Business Model
AGEL : Replicating Group's Simple yet Transformational Business Model Secure Sites & Connectivity Resource Assessment Construction Readiness Development 200,000 acres ~ 31 GW potential Geotechnical studies Resource rich Sites in strategic locations 85+ Wind data locations and detailed design plannin
Slide 8: Adani - TotalEnergies Renewable Partnership
Adani - TotalEnergies Renewable Partnership – Amongst Largest infrastructure and real asset platform with – One of the largest energy players in the world with presence deep expertise and experience in developing large scale across 130 countries & a leading liquefied natural gas player infrastructur
Slide 9: Adani Green Energy Limited Company Profile
Adani Green Energy Limited Company Profile Renewables 9
Slide 10: Leading Renewable Energy player in India
AGEL: Leading Renewable Energy player in India Pan India Presence 4x Locked-in Growth 1, 3 Renewable Capacity (in MW) 20,284 Operational Under exec../ Near Const. Wind Solar 5,410 MW – Operational Solar-Wind Hybrid 11,591 MW – Under execution 130 3,283 MW – Near Construction 2 5,410 395 20,284 MW -
Slide 11: Operational & Financial Highlights
Operational & Financial Highlights 9M FY22 Renewables 11
Slide 12: Executive Summary – 9M FY22
AGEL: Executive Summary – 9M FY22 Capacity Addition & Operational Performance Financial Performance ✓ Operational Capacity increases by 83% YoY to 5,410 MW 1 ✓ AGEL signs the World’s Largest Green PPA with SECI to supply ✓ Revenue from Power Supply up by 54% YoY at Rs. 2,655 cr 4,667 MW, which takes
Slide 13: Operational Capacity Addition & Sale of Energy – 9M FY22
AGEL: Operational Capacity Addition & Sale of Energy – 9M FY22 (YoY) Operational Capacity (in MW AC) Wind 1 5,410 Solar 83% 647 ` 1 2,950 4,763 ✓ Operational Capacity increases by 83% to 5,410 MW 397 2,553 ❑ 575 MW Green field commissioning: 9M FY21 9M FY22 - 325 MW solar plants - 250 MW wind plants
Slide 14: Operational Performance – 9M FY22
AGEL: Operational Performance – 9M FY22 (YoY) Solar Portfolio Performance Wind Portfolio Performance CUF (AC) Sale of Energy (mn units) CUF (AC) Sale of Energy (mn units) 22.1% 22.6% 5380 33.2% 1076 59% 28.5% ` 131% ` 3392 465 9M FY21 9M FY22 9M FY21 9M FY22 9M FY21 9M FY22 9M FY21 9M FY22 • Sale of
Slide 15: Financial Performance – 9M FY22
AGEL: Financial Performance – 9M FY22 (YoY) (All figures in INR Crore) Revenue from Power Supply EBITDA from Power Supply 1 54% ` 2655 56% 2474 ` 1729 1582 ▪ Robust growth in Revenue from Power Supply is backed by robust growth in capacities and improved Solar and Wind CUF. 9M FY21 9M FY22 9M FY21 9
Slide 16: Bridge of EBITDA from Power Supply – 9M FY21 to 9M FY22
AGEL: Bridge of EBITDA from Power Supply – 9M FY21 to 9M FY22 (All figures in INR Crore) primarily due to capacity addition EBITDA up by 56% YoY on back of improved revenue and minor O&M cost increase despite increased capacity 16
Slide 17: ESG
Renewables Adani Green Energy Limited ESG
Slide 18: Update on ESG Program
AGEL: Update on ESG Program Key Recent Updates ✓ AGEL achieves CDP 2021 score of ‘B’ surpassing the Global average, Asia average and Renewable Energy sector average. The score reflects AGEL as “A Company taking coordinated action on climate issues”. ✓ AGEL receives initial FTSE ESG score of ‘FTSE4Go
Slide 19: Investment Rationale
AGEL: Investment Rationale Renewables
Slide 20: A Compelling Investment Case
AGEL: A Compelling Investment Case ▪ Pedigree of Adani Group: leadership in infrastructure energy & utility and transport & logistics sectors Strong Sponsorship ▪ Robust, reliable supply chain backed by strategic investments ▪ Strategic partnership with French Energy major TotalEnergies SE ▪ India t
Slide 21: Appendix: Operational & Financial Highlights Q3 FY22
Appendix 21 Operational & Financial Highlights Q3 FY22
Slide 22: Operational Performance – Q3 FY22
AGEL: Operational Performance – Q3 FY22 (YoY) Solar Portfolio Performance Wind Portfolio Performance CUF (AC) Sale of Energy (mn units) CUF (AC) Sale of Energy (mn units) 20.8% 21.9% 2300 18.5% 18.6% 204 96% ` 102% ` 1172 101 Q3 FY21 Q3 FY22 Q3 FY21 Q3 FY22 Q3 FY21 Q3 FY22 Q3 FY21 Q3 FY22 • Sale of
Slide 23: Financial Performance – Q3 FY22
AGEL: Financial Performance – Q3 FY22 (YoY) (All figures in INR Crore) Revenue from Power Supply EBITDA from Power Supply 1 895 68% ` 65% 973 ` 532 591 ▪ Robust growth in Revenue from Power Supply is backed by robust growth in capacities and improved Solar and Wind CUF. Q3 FY21 Q3 FY22 Q3 FY21 Q3 FY
Slide 24: Appendix: AGEL Receivables Details
Appendix 24 AGEL: Receivables Details
Slide 25: Receivables Ageing Profile
AGEL: Receivables Ageing Profile (in INR Cr) Due Not Due Off Takers 31-Dec-21 0-60 days 61-90 days 91-120 days 121-180 days >180 days Total TANGEDCO 146 114 56 56 113 205 544 NTPC 148 - - - - - - SECI 121 - - - - - - Others 203 53 6 19 27 117 222 Total 618 167 62 75 140 322 766 ▪ With higher share o
Slide 26: Appendix: AGEL ESG Framework & Updates
Appendix 26 AGEL: ESG Framework & Updates
Slide 27: Robust ESG Assurance Framework
AGEL : Robust ESG Assurance Framework Guiding principles United Nations Global UN Sustainable Development IFC E&S Performance SBTi Guiding Compact (UNGC) Goals UNSDGs) Standards Policies principle Disclosure Standards TCFD GRI Standards CDP disclosure Policy Structure Focus Area - UNSDGs – Energy &
Slide 28: Adopted UN Sustainable Development Goals
AGEL– Adopted UN Sustainable Development Goals United Nations Sustainable Our Key Social Initiatives mapped to UNSDG Development Goals 2030 Education Gujarat – Enhancing quality of education through adoption of government primary 4. Quality Education Rajasthan schools. Renovation of public library i
Slide 29: Governance – Revised Board charter implemented
AGEL: Governance – Revised Board charter implemented Newly formed Board Committees ✓ Corporate Responsibility Committee with 100% Independent Directors to assure implementation of ESG commitments ✓ New Sub-Committees of Risk Management Committee with at least 50% Independent Directors ✓ Mergers & Ac
Slide 30: 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 Green Energy Limited (“AGEL”),the future outlook and growth prospects, and fut
Slide 31: Thank You
Renewables 31 Thank You