Adani Power Limited · NSE:ADANIPOWER
Adani Power — Investor Presentation (February 2024)
20 slides from Adani Power's investor presentation, Feb 22, 2024
Slide 1: Exchange filing cover letter for investor presentation
February 22, 2024 To, BSE Limited National Stock Exchange of India Limited P J Towers, Exchange plaza, Dalal Street, Bandra-Kurla Complex, Bandra (E) Mumbai – 400 001. Mumbai – 400 051. Scrip Code: 533096 Scrip Code: ADANIPOWER Dear Sir(s), Sub.: Investor Presentation for HNI Meet dt. 22.02.2024 Ref
Slide 2: Adani Power Limited Investor Presentation
Adani Power Limited Investor Presentation HNI Investor Meet, 22nd February 2024, Ahmedabad
Slide 3: 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 4: Table of Contents
Table of Contents 1 About Adani Power Limited (APL) 2 Growth Drivers 3 APL: Strategic Advantages 4 APL: Performance Highlights 5 APL: Investment Case
Slide 5: About Adani Power Limited (APL)
1 About Adani Power Limited (APL) STRICTLY CONFIDENTIAL
Slide 6: APL: Holding Structure
APL: Holding Structure Adani Family 71.8% 8.1%1 Other Public APL Shareholders 20.1% Operational Capacity: 12,450 MW2 Operational Assets: 15,250 MW 100% 100% APJL MEL Operational Capacity: 1,600 MW Operational Capacity: 1,200 MW Under construction: 1,600 MW Under Construction: 1,600 MW Organic-1 Orga
Slide 7: Operating Portfolio Overview: Strategically located, diversified fleet
Operating Portfolio Overview: Strategically located, diversified fleet 100% 100% 100% Raipur Raigarh Udupi Tiroda Mahan Kawai Mundra Godda Mahan (Chhattis- (Chhattis- (Karnataka) (Maharashtra) Ph-I (MP) (Rajasthan) (Gujarat) (Jharkhand) Ph-II (MP) garh) garh) Hinterland Category Coastal, Utility Nea
Slide 8: Portfolio Analytics (Operational & Under Construction thermal fleet of 16.81 GW)
Portfolio Analytics (Operational & Under Construction thermal fleet of 16.81 GW) Capacity tie-up (%) Fuel cost recovery mix (%) Regulated Utility 6% Fuel cost pass 19% through TBCB-State DISCOMs 26% 33% Escalable energy 81% 9% TBCB-Private charge with 74% change-in-law 6% Transnational 60% Others (S
Slide 9: Growth Drivers
2 Growth Drivers STRICTLY CONFIDENTIAL
Slide 10: Thermal power is the base load power solution for India's electricity grid
Thermal power is the base load power solution for India’s electricity grid Significant potential for Indian power demand growth Aggregate power demand to double by FY32 Per Capita Consumption (kWh) 13,098 Billion Units 2,474 1,908 1,511 4,906 1,276 3,957 3,260 2,570 1,331 India Brazil World South Af
Slide 11: APL: Strategic Advantages
3 APL: Strategic Advantages STRICTLY CONFIDENTIAL
Slide 12: Fuel management & logistics – Key competitive advantage
Fuel management & logistics – Key competitive advantage Fuel management is key to revenue stability Plant and Mine Locations Only IPP in India with in-house, mine-to-plant logistics capability Handling approx. 60 MMTPA coal, 13 MMTPA Fly Ash Kawai NCL Constant attention to multiple agencies and touc
Slide 13: Operational Excellence through Energy Network Operation Center (ENOC)
Operational Excellence through Energy Network Operation Center (ENOC) ENOC (Energy Network Operating Centre) − Remote monitoring, diagnosis, and troubleshooting Centralized Management − Centralized power scheduling for optimum capacity utilisation Real Time Data Availability − Real time data access,
Slide 14: Project Management & Assurance Group (PMAG) - End to End Project Integration
Project Management & Assurance Group (PMAG) - End to End Project Integration Bidding, Site Scouting Project Development & Basic Engineering Execution Operations Concept Integrated Project Management Commissioning Strength: Team of 90 professionals having hands-on experience of 2,000+ man-years of co
Slide 15: APL: Performance Highlights
4 APL: Performance Highlights STRICTLY CONFIDENTIAL
Slide 16: Operating Performance Trends
Operating Performance Trends Average Operational Capacity (MW) Commercial Availability under LT PPAs (%) 91% 89% 90% 89% 14,985 13,650 83% 12,450 12,450 79% 11,810 10,480 FY19 FY20 FY21 FY22 FY23 9M FY24 FY19 FY20 FY21 FY22 FY23 9M FY24 PLF (%) Sales (BU) 64 59 57 55 53 52 64% 67% 59% 62% 52% 48% FY
Slide 17: Key Financial Highlights
Key Financial Highlights Total Revenues (Rs. Crore) Credit Profile 46,400 Domestic Ratings 43,041 Listed Entities Rating Agency INR Ratings 31,686 APL CRISIL AA-/Stable 26,362 27,842 28,150 APL India Ratings AA-/Stable APJL India Ratings BBB/Stable Net Senior Debt to EBITDA (x)1 4.8 5.4 FY19 FY20 FY
Slide 18: APL: Investment Case
5 APL: Investment Case STRICTLY CONFIDENTIAL
Slide 19: Investment Case
Investment Case ▪ 81% of capacity contracted under LT / MT PPAs, most of which offer fuel cost pass through or tariff Revenue escalation, yielding excellent revenue visibility and cash flow stability. Visibility ▪ Near-pithead capacity enjoys logistics cost advantage, enabling higher offtake and bet
Slide 20: Thank You
Thank You