Adani Ports & Special Economic Zone Ltd · NSE:ADANIPORTS

Adani Ports & Special Economic Zone — Q1 FY21 Earnings Presentation

37 slides from Adani Ports & Special Economic Zone's earnings presentation, July 2020

  1. Slide 1: Operational and Financial Highlights Q1 FY21

    Adani Ports and SEZ Limited Operational and Financial Highlights Q1 FY21

  2. Slide 2: Group Profile Operational and Financial Highlights Q1 FY21 Annexures

    03-07 Group Profile 08-13 Company Profile 14-18 Operational and Financial Highlights Q1 FY21 19-25 ESG 26-37 Annexures

  3. Slide 3: Group Profile

    Group Profile

  4. Slide 4: Adani Group: A world class infrastructure & utility portfolio

    Adani Group: A world class infrastructure & utility portfolio Adani Adani Transport & Logistics Energy & Utility Portfolio Portfolio • Marked shift from B2B to B2C businesses– 63.5% 100% 75% 75% • AGL – Gas distribution network to serve key APSEZ SRCPL ATL AGEL geographies across India Port & Logist

  5. Slide 5: Adani Group: Repeatable, robust & proven model of infrastructure development

    Adani Group: Repeatable, robust & proven model of infrastructure development Phase Development Operations Post Operations Origination Site Development Construction Operation Capital Mgmt Analysis & Site acquisition Engineering & Life cycle O&M Redesigning the market design planning capital structure

  6. Slide 6: Adani Group: Repeatable, robust business model applied to drive value

    Adani Group: Repeatable, robust business model applied to drive value Successfully applied across Infrastructure & utility platform Development at large scale & within time and budget India’s Largest Longest Private HVDC 6 4 8 MW Ultra Mega Largest Single Location Commercial Port Line in Asia Solar

  7. Slide 7: APSEZ: A transport & logistics utility that dominates the network

    APSEZ : A transport & logistics utility that dominates the network Ports Logistics SEZ • Nine operating Ports, ~410 MMT • Largest integrated logistics player • Large scale ‘ready to setup’ of augmented capacity in India. in India. industrial land (SEZ) • Hinterland reach of 60%-70% • Operating 60+ r

  8. Slide 8: Company Profile

    Company Profile

  9. Slide 9: APSEZ: Complimenting verticals creating a multiplier effect

    APSEZ : Complimenting verticals creating a multiplier effect Tech enabled Ports Ports operations One Oneto toten tenin in twenty twentyyears years String of Ports Consumer facing yet Ports of Prosperity Ubiquitous to Consumer gate to ship customer trajectory SEZ SEZ philosophy creates an “Logistics

  10. Slide 10: APSEZ: Largest network of ports in India

    APSEZ : Largest network of ports in India 1 West Coast East Coast Capacity Capacity FY20 1 327 MMT 99 MMT Port FY06 Dahej 14 MMT Kandla 14 Capacity 10 MMT MMT 426 MMT Assets^ $468 $8,251 Mundra 264 MMT Dhamra Hazira 45 MMT 30 MMT Vizag Mundra - 6 India’s Largest MMT Commercial 66% 63% Port by 22% FY

  11. Slide 11: APSEZ: Integrated logistics catalyzing transformation

    APSEZ : Integrated logistics catalyzing transformation The Journey 2020 2020 8 4.0 1.5 3.3 8 Rail Volume (lakh TEUs) 4.0 14 14 Terminal Capacity (lakh 2019 2019 TEUs) 4 Warehousing Capacity (lakh 4.0 5 sqft.) 5.0 Barges Logistics Park Silos 11

  12. Slide 12: APSEZ: SEZ & Port development - recurring income stream

    APSEZ : SEZ & Port development - recurring income stream West Coast (80%) East Coast (20%) Mundra SEZ • Kattupalli (~260 Ha) Mundra 8,481 ha ~ 8500 Ha 20% • Dhamra (~1650 Ha) 80% ~1650 Dhamra ha West Coast East Coast Kattupalli ~260 ha • Bringing customer inside Port gate • Entrenching into customer

  13. Slide 13: APSEZ: Update on COVID-19 and APSEZ's response

    APSEZ : Update on COVID-19 and APSEZ’s response • GDP expected to contract significantly in FY21. • To bounce back from H2 FY21 due to measures taken by govt. to boost demand. • To recover in FY22 with a expected growth of 6-7%. • Port operation classified as an ‘essential service’ and all our ports

  14. Slide 14: Operational and Financial Highlights Q1 FY21

    Operational and Financial Highlights Q1 FY21

  15. Slide 15: Cargo Volume Comparison and Cargo Mix – Q1 FY21

    APSEZ : Cargo Volume Comparison and Cargo Mix – Q1 FY21 57 257 Coal Container Crude Others 41 199 41% 43% 41% 41% 47% 41% 37% 32% 29% 36% 33% 33% 32% 28% APSEZ All India 16% 19% Q1 FY20 Q1 FY21 Q1 FY20 Q1 FY21 14% 15% 15% 15% 14% 12% 12% 13% 10% 11% 11% 10% 22 64 18 FY15 FY 16 FY 17 FY 18 FY 19 FY 2

  16. Slide 16: Highlights Q1 FY21

    APSEZ : Highlights Q1 FY21 • APSEZ handled 1.23 mn TEUs vs. 3.22 mn TEUs of all • Acquisition of KPCL is on track, CCI approval received, India container volume taking the market share to 38%. expected to be complete in Q2 FY21. • Cargo mix moves towards higher realization cargo. • Dighi Port Acquis

  17. Slide 17: Financials - Q1 FY21

    APSEZ : Financials - Q1 FY21 (YoY - Rs. in cr.) • Operating revenue lower by 18% due to 27% decline in port volume. Operating Revenue 2794 • Port revenue at Rs.1,904 cr. in Q1 FY21 vs Rs.2,425 cr. in Q1 FY20. 2293 • Port EBITDA* at Rs.1,324 cr. in Q1 FY21 vs Rs.1,709 cr. in Q1 FY20. • Port EBITDA ma

  18. Slide 18: Segment wise Revenue & EBITDA Q1 FY21

    APSEZ : Segment wise Revenue & EBITDA* Q1 FY21 (YoY - Rs. in cr.) 200 2425 181 • Decline in port revenue of 21% is 1904 lower than 27% decline in cargo 117 122 volume due to change in cargo mix. 58 59 • Logistics revenue increased on 13 7 account of additional rail capacity, new routes and addition

  19. Slide 19: Environment, Social & Governance

    Environment, Social & Governance

  20. Slide 20: ESG – Enhanced Communication and Transparency

    APSEZ : ESG – Enhanced Communication and Transparency  Only Port in the country and one of the few Indian companies to sign up for Science Based Targets initiative (SBTi)  Signed the commitment to be a supporter to the Taskforce on Climate Related Financial Disclosure (TCFD)  Committed to reduce

  21. Slide 21: Recent ESG Risk Rating by Sustainalytics

    APSEZ : Recent ESG Risk Rating by Sustainalytics 19.3 23.6 May - 20 Sep - 19 57 99 Transportation & out of out of Infrastructure 127 124 2155 3963 Global universe out of out of 12519 12683 21

  22. Slide 22: CSR / ESG Ranking by CSR HUB

    APSEZ : CSR / ESG Ranking by CSR HUB 2016-17 2019-20 Community 52 68 Environment 60 76 Employees 56 68 Governance 41 71 22

  23. Slide 23: ESG Update Q1 FY21

    APSEZ : ESG Update Q1 FY21 Y-o-Y Performance Initiatives till date Energy Intensity* Emission Intensity* Wind Energy # Solar Energy# 15 % ↑ 1%↓ 6 MW 13 MW 226 GJ/Revenue 25.12 tCO2e/Revenue Waste Management* Terrestrial Plantation Mangrove Water Intensity* 2889 Ha - Afforestation 6%↑ 91% 1.1 Million

  24. Slide 24: ESG performance – Q1 FY21

    APSEZ : ESG performance – Q1 FY21 Energy RE Share Emission 550000 547716 226 230 7% 80000 25.45 545000 225 6% 70926 25.40 70000 6% 25.38 540000 220 57628 25.35 60000 5% 535000 215 25.30 50000 4% 530000 210 25.25 4% 525000 205 40000 25.20 518681 3% 520000 196 200 30000 25.15 515000 195 25.10 2% 20000

  25. Slide 25: ESG performance – Q1 FY21

    APSEZ : ESG performance – Q1 FY21 Water Consumption Waste Management Safety 1350 0.50 0.51 1450 0.53 0.53 10 0.53 0.54 1317 0.50 1399 0.53 9 0.52 1400 1300 0.50 8 0.52 0.49 1350 3 0.50 7 1250 0.52 0.48 0.49 6 1300 0.51 1200 0.48 5 2 0.46 0.51 0.44 0.47 0.50 1250 1147 0.48 4 1150 1208 0.50 0.44 0.47

  26. Slide 26: Annexures – Q1 FY21

    Annexures – Q1 FY21 27-34 Port wise - Cargo volume, Revenue and EBITDA Detailed attachments – Cargo Volume Breakup, 35 Revenue, EBITDA and Margins 36 APSEZ Financials (SEBI Format)

  27. Slide 27: Mundra Port Cargo Volume - Q1 FY21

    ASPEZ : Mundra Port Cargo Volume - Q1 FY21 (YoY) Q1 FY20 Q1 FY21 • Mundra Port (0.97 mn TEUs) surpassed JNPT 3.38 3.25 (0.85 mn TEUs) to become largest container 10.12 handling port in India. 5.18 3.12 5.91 • Containers share increased to 55% from 47%. 36.77 25.75 • Coal share decreased to 12% from

  28. Slide 28: Mundra Port Financial Performance – Q1 FY21

    ASPEZ : Mundra Port Financial Performance – Q1 FY21 (YoY - Rs. in cr.)  34% • Revenue and EBITDA were lower due to : 37% • 30% decline in cargo volume. 1,204 • Change in counterparty share for coal. 798 795 • CT-3 JV container volume growth higher 504 • Transhipment volume higher (24% vs 18%). Rev

  29. Slide 29: Dhamra Port - Volume and Financials Q1 FY21

    APSEZ : Dhamra Port - Volume and Financials Q1 FY21 (YoY - Rs. in cr.) Q1 FY20 Q1 FY21  4%  4% 2.88 3.45 6.34 6.36 314 303 2.91 3.46 192 185 Coal Other Coal Other Revenue EBITDA Q1 FY20 Q1 FY21 • Cargo volume remained stable. • Nickel plate (for L&T Hydrocarbon) added as new cargo. • Revenue is ma

  30. Slide 30: Hazira Port - Volume and Financials Q1 FY21

    APSEZ : Hazira Port - Volume and Financials Q1 FY21 (YoY - Rs. in cr.) Q1 FY20 Q1 FY21  7% 1.60 1.06 0.89 1.79  4% 5.47 3.86 299 278 227 218 2.08 1.91 Revenue EBITDA Q1 FY20 Q1 FY21 Coal Container Others Coal Container Others • Liquid tanks capacity - Phase III operationalized (45,631 KL). • Cargo

  31. Slide 31: Kattupalli Port - Volume and Financials Q1 FY21

    APSEZ : Kattupalli Port - Volume and Financials Q1 FY21 (YoY - Rs. in cr.) Q1 FY20 Q1 FY21  4% 0.04 0.14  11% 2.28 1.48 55 58 33 36 2.24 1.34 Revenue EBITDA Containers Other Containers Other Q1 FY20 Q1 FY21 • Container volume impacted due to shutdown of auto ancillary units in the hinterland. Howe

  32. Slide 32: Dahej Port - Volume and Financials Q1 FY21

    APSEZ : Dahej Port - Volume and Financials Q1 FY21 (YoY - Rs. in cr.) Q1 FY20  53% Q1 FY21 0.43 0.16  57% 1.63 0.70 84 53 40 1.21 0.54 23 Coal Others Coal Others Revenue EBITDA Q1 FY20 Q1 FY21 • Revenue and EBITDA decreased in line with reduction in cargo volume. • Operating expenses are in line w

  33. Slide 33: Terminals at Major Ports - Volume and Financials Q1 FY21

    APSEZ : Terminals at Major Ports - Volume and Financials Q1 FY21 (YoY - Rs. in cr.) Q1 FY20 Q1 FY21  20% 0.53 0.56 1.04 0.99 4.25 3.26 107  21% 86 0.64 0.08 33 26 2.01 1.66 Revenue EBITDA Goa Vizag Tuna Ennore Goa Vizag Tuna Ennore Q1 FY20 Q1 FY21 • Overall share of volume at terminals has increas

  34. Slide 34: Adani Logistics and Harbour Services - Financials Q1 FY21

    APSEZ : Adani Logistics and Harbour Services - Financials Q1 FY21 (YoY - Rs. in cr.)  10%  16%  17% 200  20% 334 181 306 280 253 54 43 Revenue EBITDA Revenue EBITDA Q1 FY20 Q1 FY21 Q1 FY20 Q1 FY21 • Revenue increased due to higher rail volume by 37%. • Revenue and EBITDA* decline lower than carg

  35. Slide 35: Details Annexed in Linked Files

    APSEZ – Details Annexed in Linked Files Port-wise Cargo Volume 01 Ports and Logistics Vertical Key Financial 02 Performance Q1 FY21 Please double click on the icon -

  36. Slide 36: Consolidated financial performance – SEBI Format

    APSEZ : Consolidated financial performance – SEBI Format (` in crore) Quarter Ended Year Ended June 30, March 31, June 30, March 31, Sr. Particulars 2020 2020 2019 2020 No. Unaudited Unaudited Unaudited Audited (Refer Note 16) 1 Income a. Revenue from Operations 2,292.69 2,921.19 2,794.47 11,438.77

  37. Slide 37: 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 Ports and Special Economic Zone Limited (“APSEZL”),the future outlook and grow

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