Adani Energy Solutions Ltd · NSE:ADANIENSOL
Adani Energy Solutions — Q3 FY2024 Earnings Presentation
29 slides from Adani Energy Solutions's earnings presentation, January 2024
Slide 1: Provisional Operational Update Q3FY24
Adani Energy Solutions Limited (Formerly known as Adani Transmission Limited) Provisional Operational Update Q3FY24 January 2024
Slide 2: Contents
CONTENTS 04-07 Adani Portfolio 04 09 Q3FY24 - Executive Summary 09 11-14 Q3FY24 (YoY) Performance 11 16 16 Recent Awards and Recognition Availability Across Assets 18 18 Groups – Obligor and USPP Transmission Business Global & 20 20-23 Domestic Peer Benchmarking AESL’s operational and under- 24 24-2
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 Infrastructure and Utility Primary Industry Flagship Emerging B2C Core Portfolio Materials, Metal & Incubator Energy & Utility Transport & Logistics Direct to Consumer Mining (56.3%) (63.2%) (72.6%) (73.2%) (65.9%) (100%) AGEL AESL APSEZ Cement
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 70% 1,2 EBITDA 92% 1,4 AEL Growth 3x 6 Growth 1.4x 6 APSEZ Adani’s Core Infra. Platform – 320 M
Slide 6: Adani: Repeatable, robust & proven transformative model of investment
Adani: Repeatable, robust & proven transformative model of investment Phase Development Operations Post Operations Centre of Excellence Project Management & Assurance Group AIMSL* Policy - Strategy - Risk Origination Site Development Construction Operation Capital Mgmt Analysis & market Site acquisi
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 8% CAGR growth in RAB in Mumbai Development 20,422 ckm(1) Distribution
Slide 8: Q3FY24 - Executive Summary
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Q3FY24 - Executive Summary 14
Slide 9: AESL: Executive Summary – Performance in Q3FY24
AESL: Executive Summary – Performance in Q3FY24 Transmission and Smart Metering Business: Other Key Updates: − Maintained system availability of 99.67% in Q3FY24 – AESL won Global Sustainability Leadership Award 2023 by the − Added 302 ckms to operational network during the quarter with total networ
Slide 10: Q3FY24 Operational Performance (YoY)
Q3FY24 Operational Performance (YoY)
Slide 11: Transmission Utility – Key Operating Metrics Q3FY24 (YoY)
AESL: Transmission Utility – Key Operating Metrics Q3FY24 (YoY) Transmission Network Length(2) (ckm) Power Transformation Capacity(2) (MVA) 20,422 54,661 18,795 40,001 Added 302 ckm to the Continuous expansion operational network in in transformation Q3 with total network capacity on account of at 2
Slide 12: Distribution Utility (AEML) – Key Operating Metrics Q3FY24 (YoY)
AESL: Distribution Utility (AEML) – Key Operating Metrics Q3FY24 (YoY) Supply Reliability (ASAI) (%) SAIDI (mins), SAIFI (nos.) and CAIDI (mins)(1) SAIFI SAIDI CAIDI SAIFI SAIDI CAIDI 99.997% 99.997% 27.23 25.77 Reliability Maintained supply parameters like SAIDI reliability of more and SAIFI remain
Slide 13: Distribution Utility (AEML) – Key Operating Metrics Q3FY24 (YoY)
AESL: Distribution Utility (AEML) – Key Operating Metrics Q3FY24 (YoY) Consumer base (million) Distribution Loss (%)(1) E-payment (% of total collection) 3.16 3.10 5.60% 80.36% 5.46% Increase in Distribution loss E-payments share 74.87% consumer base improving increasing with reflecting AEML consist
Slide 14: Distribution Utility (AEML) – Consumer Mix Q3FY24 (YoY)
AESL: Distribution Utility (AEML) – Consumer Mix Q3FY24 (YoY) Consumer-wise volume mix Consumer-wise revenue mix 50% 50% 46% 45% 44% 41% 40% 38% Consumer mix shifting back to higher industrial demand with a 12% 12% 11% 10% normalization in residential demand Residential Commercial Industrial Residen
Slide 15: Recent Award and Achievements
Recent Award and Achievements
Slide 16: Recent Awards & Achievements
AESL: Recent Awards & Achievements Received “Excellence in Procurement Adani Energy Solutions has won the Innovation” & “Outstanding Leader in AEML awarded “Excellence in Road Safety” prestigious Golden Peacock Award in Procurement” award at 8th ISM-India and “Excellence in Innovation in Safety Envi
Slide 17: Transmission Line Availability – Asset Groups
Transmission Line Availability – Asset Groups
Slide 18: Q3FY24 (YoY) – Line availability across asset groups
AESL: Q3FY24 (YoY) – Line availability across asset groups Average Availability Across Operational Assets %(1) Focus on Maximizing Average Availability % Line Availability - ATSOL Obligor Assets Average Availability – ATSOL Obligor Assets 99.55% 99.91% 99.97% 99.74% 99.70% 99.90% 99.89% 98.22% Q3 FY
Slide 19: Transmission Business Global & Domestic Peer Benchmarking
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Transmission Business Global & Domestic Peer Benchmarking 14
Slide 20: Transmission – Global Peer Benchmarking (Operational Parameters)
AESL: Transmission – Global Peer Benchmarking (Operational Parameters) Peer Benchmarking on O&M, Employee expenses and EBITDA (INR Mn/Ckm) 1.93 1.45 1.52 1.34 0.95 0.85 Highest EBITDA 0.47 per ckm 0.33 0.31 highlighting strong 0.14 0.20 0.03 0.04 0.06 0.03 0.06 0.04 0.11 0.06 operating efficiency It
Slide 21: Transmission – Global Peer Benchmarking (Financial Parameters)
AESL: Transmission – Global Peer Benchmarking (Financial Parameters) Peer Benchmarking - Revenue and EBITDA (INR Bn) 92% 92% 84% 151 142 138 74% 74% 132 124 65% 97 89 36% 50 47 45 42 35 32 30 Italian Utility Russian Utility Spanish Utility Finland Utility Australian Utility American Utility Adani Re
Slide 22: Transmission – Domestic Peer Benchmarking (Financial Parameters)
AESL: Transmission – Domestic Peer Benchmarking (Financial Parameters) Peer Benchmarking - Revenue, EBITDA & EBITDA margin (INR bn) 90% 91% 87% 456 408 23.1% 25 23 36 32 21 6 Peer - 1 Peer - 2 Peer - 3 Adani Revenue EBITDA EBITDA Margin % Highest EBITDA margin in transmission business across domesti
Slide 23: AESL – Operational and Under-construction Asset Portfolio
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission AESL – Operational and Under- construction Asset Portfolio 14
Slide 24: AESL's Operational Asset Portfolio as of Dec 2023 (1/2)
AESL’s Operational Asset Portfolio as of Dec 2023 (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 Mundr
Slide 25: AESL's Operational Asset Portfolio as of Dec 2023 (2/2)
AESL’s Operational Asset Portfolio as of Dec 2023 (2/2) Adani Energy Solutions Limited 100% 100% 100% 100% 100% 100% 100% Obra-C Lakadia WRSS – XXI Jam Karur Kharghar Khambaliya WKTL Transmission - Vikhroli Badaun Banaskantha (A) Obra Lakadia Lakadia - Jam Warora Karur Kharghar Banaskantha Bhuj Kham
Slide 26: AESL's Transmission Under-construction Asset Portfolio as of Dec 2023
AESL‘s Transmission Under-construction Asset Portfolio as of Dec 2023 Adani Energy Solutions Limited Since AESL’s evolution its Transmission Network 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% (ckms) has grown 3.5x and expanded into Distribution MP AEMIL Khavda- Khavda – businesses NKTL WR-SR
Slide 27: AESL's Smart Metering Under-construction Portfolio as of Dec 2023
AESL‘s Smart Metering Under-construction Portfolio as of Dec 2023 Adani Energy Solutions Limited 100% 100% 100% 100% 100% 100% 100% 100% 100% APEPDCL – APCPDCL – APSPDCL – MSEDCL MSEDCL BEST APDCL NBPDCL UPCL Phase 1 & 2 Phase 1 & 2 Phase 1 & 2 NSC-05 NSC-06 BEST Smart NE Smart Adani Adani Adani Ada
Slide 28: 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 29: Thank You
MUSHKILON K\ adani , NAHI SUNTE, HUM KARKE DIKHATE HAIN. #HumKarkeDikhateHain Thank You
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