Adani Energy Solutions Ltd · NSE:ADANIENSOL
Adani Energy Solutions — Q2 FY2024 Earnings Presentation
28 slides from Adani Energy Solutions's earnings presentation, October 2023
Slide 1: Provisional Operational Update Q2FY24
Adani Energy Solutions Limited (Formerly known as Adani Transmission Limited) Provisional Operational Update Q2FY24 October 2023
Slide 2: Contents
CONTENTS 04-07 Adani Portfolio 04 09 Q2FY24 - Executive Summary 09 11-14 Q2FY24 (YoY) Performance 11 16 16 Recent Awards and Recognition Availability Across Assets 18 18 Groups – Obligor and USPP Global Peer Benchmarking 20 20-21 AESL’s operational and under- 23 23-26 construction asset portfolio
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%) (65.5%) (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 Growth 4x EBITDA 70% 1,2 EBITDA 92% 1,4 AEL Growth 3x Growth 1.4x APSEZ Adani’s Core Infra. Platform – AGEL 320 Mn U
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
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 19,862 ckm(1) Distribution
Slide 8: Q2FY24 - Executive Summary
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Q2FY24 - Executive Summary 14
Slide 9: Executive Summary – Performance in Q2FY24
AESL: Executive Summary – Performance in Q2FY24 Transmission and Smart Metering Business: Other Key Updates: – Maintained system availability upwards of 99.74% – AEML secured Rank 1 out of 71 discoms evaluated and scored 99.6% out of 100 in the Integrated Discom Ranking – Added 219 ckms to operation
Slide 10: Q2FY24 Operational Performance (YoY)
Q2FY24 Operational Performance (YoY)
Slide 11: Transmission Utility – Key Operating Metrics Q2FY24 (YoY)
AESL: Transmission Utility – Key Operating Metrics Q2FY24 (YoY) Transmission Network Length(2) (ckm) Power Transformation Capacity(2) (MVA) 19,862 18,795 53,161 40,001 Added 219 ckm to the Continuous expansion operational network in in transformation Q2 with total network capacity on account of at 1
Slide 12: Distribution Utility (AEML) – Key Operating Metrics Q2FY24 (YoY)
AESL: Distribution Utility (AEML) – Key Operating Metrics Q2FY24 (YoY) Supply Reliability (ASAI) (%) SAIDI (mins), SAIFI (nos.) and CAIDI (mins)(1) SAIFI SAIDI CAIDI 99.999% 99.999% 32.72 27.45 Reliability Maintained supply parameters like SAIDI reliability of more and SAIFI remains than 99.9% robus
Slide 13: Distribution Utility (AEML) – Key Operating Metrics Q2FY24 (YoY)
AESL: Distribution Utility (AEML) – Key Operating Metrics Q2FY24 (YoY) Consumer base (million) Distribution Loss (%)(1) E-payment (% of total collection) 3.15 79.19% 6.00% 3.10 Increase in 5.81% Distribution loss E-payments share 74.86% consumer base improving increasing with reflecting AEML consist
Slide 14: Distribution Utility (AEML) – Consumer Mix Q2FY24 (YoY)
AESL: Distribution Utility (AEML) – Consumer Mix Q2FY24 (YoY) Consumer-wise volume mix Consumer-wise revenue mix 49% 51% 45% 46% 42% 43% 38% 38% Consumer mix shifting back to higher industrial and commercial segment 13% 13% demand with a 12% 11% normalization in residential demand Residential Commer
Slide 15: Recent Award and Achievements
Recent Award and Achievements
Slide 16: Recent Awards & Achievements
AESL: Recent Awards & Achievements AEML secured Rank 1 out of 71 discoms Adani Energy Solutions has won the AESL is in the Top 50 of India’s Most evaluated and scored 99.6% out of prestigious Golden Peacock Award Sustainable Companies in the annual 100 in the Integrated Discom Ranking in Environment
Slide 17: Transmission Line Availability – Asset Groups
Transmission Line Availability – Asset Groups
Slide 18: Q2FY24 (YoY) – Line availability across asset groups
AESL: Q2FY24 (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 100.00% 100.00% 99.89% 99.96% 99.88% 98.44% 99.81% 99.87% Q2
Slide 19: Global Peer Benchmarking
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Global Peer Benchmarking 14
Slide 20: Transmission System Operational Parameters – Peer Benchmarking
AESL: Transmission System Operational Parameters – Peer Benchmarking Peer Benchmarking on O&M, Employee expenses and EBITDA (INR Mn/Ckm) 2.2 2.0 1.93 1.8 1.52 1.5 1.34 1.3 1.14 1.1 0.95 0.85 0.9 Highest EBITDA 0.62 0.7 0.47 per ckm 0.4 0.33 highlighting strong 0.14 0.20 0.2 0.03 0.04 0.06 0.06 0.03
Slide 21: Transmission System Financial Parameters – Peer Benchmarking
AESL: Transmission System Financial Parameters – Peer Benchmarking Peer Benchmarking - Revenue and EBITDA (INR Bn) 200 100% 180 92% 92% 160 151 80% 142 74% 74% 138 140 132 124 65% 120 60% 100 97 89 80 36% 40% 36% 60 50 45 47 40 35 32 20% 30 18 20 ` 0 0% Italian Utility Russian Utility Spanish Utilit
Slide 22: 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 23: AESL’s Operational Asset Portfolio as of Q2FY24 (1/2)
AESL’s Operational Asset Portfolio as of Q2FY24 (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 Mundra
Slide 24: AESL’s Operational Asset Portfolio as of Q2FY24 (2/2)
AESL’s Operational Asset Portfolio as of Q2FY24 (2/2) Adani Energy Solutions Limited 100% 100% 100% 100% 100% 100% Obra-C Lakadia WRSS – XXI Jam Karur Khambaliya WKTL Transmission Badaun Banaskantha (A) Obra Lakadia Lakadia - Jam Warora Karur Banaskantha Bhuj Kham- Kurnool Transmi baliya ssion Proje
Slide 25: AESL‘s Under-construction Asset Portfolio as of Q2FY24
AESL‘s Under-construction Asset Portfolio as of Q2FY24 Adani Energy Solutions Limited Since AESL’s evolution its Transmission Network 100% 100% 100% 100% 100% 100% 100% 100% 100% (ckms) has grown 3.5x and expanded into Distribution businesses Kharghar MP AEMIL Khavda- KPS-1 STSL NKTL WR-SR KTL - Vik
Slide 26: AESL‘s Smart Metering Under-construction Portfolio as of Q2FY24
AESL‘s Smart Metering Under-construction Portfolio as of Q2FY24 Adani Energy Solutions Limited 100% 100% 100% 100% 100% 100% 100% 100% BEST APDCL APSPDCL – APEPDCL APCPDCL MSEDCL MSEDCL NBPDCL Phase 1 & 2 BEST Smart Adani Energy Adani Energy Adani Energy Bhandup Baramati Zone Siwan, Suran, NE Smart
Slide 27: 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 28: Thank You
MUSHKILON K\ adani , NAHI SUNTE, HUM KARKE DIKHATE HAIN. #HumKarkeDikhateHain Thank You
Adani Energy Solutions — Q2 FY2024 Earnings Presentation on 6ix