Adani Energy Solutions Ltd · NSE:ADANIENSOL

Adani Energy Solutions — Adani Transmission — Q1 FY2019 Earnings Presentation

13 slides from Adani Energy Solutions's earnings presentation

  1. Slide 1: ATL- Key Operational Highlights

    ATL- Key Operational Highlights  Transmission Charges for Q1FY19 is Rs. 543 crores vs Rs. 486 crores of Q1FY18. (Increased by 13%) (Mainely due to CERC order in ATIL and WRSS assets)  The Operational EBIDTA for Q1 of FY19 is Rs. 502 crores.  PAT of the Company for the Q1FY19 has increased to Rs.1

  2. Slide 2: System Availability

    System Availability Company Lines Q1 2018-19 Q1 2017-18 Mundra - Mohindergarh Line 99.93% 99.61% ATIL Mundra - Dehgam Line 99.17% 100.00% Tiroda-Warora Line 100.00% 99.98% MEGPTCL Tiroda-Aurangabad Line 100.00% 99.97% Maru - Bikaner - Ajmer 100.00% 99.98% GMR Aravali - Hinduan - Alwar 100.00% 99.93%

  3. Slide 3: ATL- Key Highlights

    ATL- Key Highlights Green Field Projects  The COD has been achieved for 3 no’s transmission elements of CWRTL transmission project having Inter-State transmission lines in states of Chhattisgarh, Madhya Pradesh & Maharashtra & Billing commenced.  Won One Greenfield Projects in the state of Uttar P

  4. Slide 4: ATL- Key Highlights

    ATL- Key Highlights Mumbai G-T-D Business acquisition Update  Adani Transmission Limited to pursuing 100% control and economic interest in the integrated power utility business in Mumbai of Reliance Infrastructure Limited.  Enterprise Value is INR 12101 Cr (proposed to be funded by Debt : INR 8500

  5. Slide 5: Key Financial MIS : Q1 FY19 v Q1 FY18 (Consolidated)

    Key Financial MIS : Q1 FY19 v Q1 FY18 (Consolidated) (Rs in Crore) Sr No. Particulars Q1 FY19 Q1 FY18 1 Revenue 1.1 Net Transmission Charges 529.32 477.69 1.1.a Transmission Charges 531.36 478.53 1.1.b Less: Rebate 2.04 0.84 1.2 Incentive on availability 13.88 8.29 2 Expenses: 2.1 Operating Exp 2.1.

  6. Slide 6: Key Financial MIS : Q1 FY19 v Q1 FY18 (Consolidated) (cont..)

    Key Financial MIS : Q1 FY19 v Q1 FY18 (Consolidated) (cont..) (Rs in Crore) Sr No. Particulars Q1 FY19 Q1 FY18 3=(1-2) EBIDTA (From Operation) 501.91 449.03 Operational EBIDTA Margin 92% 92% 4 Add: 4.1 Sale of Traded Goods/EPC 67.94 112.23 4.2 Construction income 5.44 5.89 4.3 Carrying Cost 4.12 4.3

  7. Slide 7: Revenue Variance

    Revenue Variance 540 530 6 520 510 9 29 500 490 25 529 480 470 478 460 450 Q1 FY 17-18 Revenue ATIL Regulatory True Normal Redcution in WTPL & WTGL acq in CWRTLPartial Q1 FY 18-19 Revenue up Cost plus assets Nov'17. Commissioning (Full Yr) Total Revenue (Rs. In Cr) Variance

  8. Slide 8: EBITDA Variance

    EBITDA Variance 520 510 ea 500 490 480 470 460 450 440 430 449 420 410 Ql FY 17-18 Due to Revenue Incentive Operating Expense on Ql FY 18-19 Higher Assets (CWRTL and WRSSS) MEBIDTA(Rs. In Cr) ™ Variance

  9. Slide 9: Key Financial MIS : Q1 FY19 v Q4 FY18 (Consolidated)

    Key Financial MIS : Q1 FY19 v Q4 FY18 (Consolidated) (Rs in Crore) Sr No. Particulars Q1 FY19 Q4 FY18 1 Revenue 1.1 Net Transmission Charges 529.32 533.43 1.1.a Transmission Charges 531.36 543.88 1.1.b Less: Rebate 2.04 10.45 1.2 Incentive on availability 13.88 10.43 2 Operating Expenses: 2.1 Operat

  10. Slide 10: Key Financial MIS : Q1 FY19 v Q4 FY18 (Consolidated) (cont..)

    Key Financial MIS : Q1 FY19 v Q4 FY18 (Consolidated) (cont..) (Rs in Crore) Sr No. Particulars Q1 FY19 Q4 FY18 3=(1-2) EBIDTA (From Operation) 501.91 493.11 Operational EBIDTA Margin 92% 91% 4 Add: 4.1 Sale of Traded Goods/EPC 67.94 222.42 4.2 Construction income 5.44 39.57 4.3 Carrying Cost 4.12 4.

  11. Slide 11: Debt Profile – obligor Group

    Debt Profile – obligor Group Rs. in Cr. Particulars 30.06.2018 31.03.2018 Obligor Group Outside Debt Excluding WC 7470 7683 Cash/Bank balance (including Current 325 569 Investment) (Including DSRA 220 cr.) Net debt (Obligator group) 7145 7114

  12. Slide 12: Debt Profile

    Debt Profile Rs. in Cr. ATL Consolidated 30.06.2018 31.03.2018 Outside Debt Excluding WC 10230 10109 Cash/Bank balance (including Current Investment) (Including 415 665 DSRA 290 cr.) Net outside debt ( ATL Conso ) 9815 9444 Net worth 6283 6806 Debt:Equity 1.63 1.62 Book value 57 55

  13. Slide 13: Capex

    Capex Greenfield Projects Capex in green field projects: Total capex till date is near to Rs.3000 crores against total capex ~4000 cr. (Excluding ~1800 Cr. of Ghatampur project which we have won recently) Equity Infusion: Total Equity infusion by ATL in all new projects is more than Rs.1006 crores (

Adani Transmission — Q1 FY2019 Earnings Presentation on 6ix