Adani Energy Solutions Ltd · NSE:ADANIENSOL
Adani Energy Solutions — Adani Transmission — Q4 FY23 Earnings Presentation
32 slides from Adani Energy Solutions's earnings presentation, April 2023
Slide 1: Adani Transmission Limited Provisional Operational Updates Q4 and FY23
Adani Transmission Limited Provisional Operational Updates Q4 and FY23 April 2023
Slide 2: Contents
CONTENTS 04-07 Adani Portfolio 04 09 Executive Summary – FY23 09 11-14 FY23 (YoY) Performance 11 16-19 Q4FY23 (YoY) Performance 16 Recent Awards and Recognition 21 21 Availability Across Assets 23 23-24 Groups – Obligor and USPP 26 26-27 Global Peer Benchmarking 29 29-30 ATL’s Asset Portfolio
Slide 3: Adani Portfolio
Transmission adan
Slide 4: Adani: A World Class Infrastructure & Utility Portfolio
Adani: A World Class Infrastructure & Utility Portfolio Infrastructure and Utility Primary Industry Emerging B2C Flagship Core Portfolio Materials, Metal & Incubator Energy & Utility Transport & Logistics Direct to Consumer Mining (57.3%) (63.2%) (69.2%) (71.6%) (65.1%) (100%) AGEL ATL APSEZ Cement5
Slide 5: Adani Portfolio: Decades long track record of industry best growth with national footprint
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 5x Core Portfolio EBITDA 70% 1,2 EBITDA 92% 1,4 Utility 92% Transport 85% Consumers ~400 mn Served AEL Growth
Slide 6: Adani: Repeatable, robust & proven transformative model of investment
Adani: Repeatable, robust & proven transformative model of investment Phase Development Operations Post Operations Origination Site Development Construction Operation Capital Mgmt Analysis & market Site acquisition Engineering & design Life cycle O&M Redesigning the capital intelligence planning str
Slide 7: ATL: A platform well-positioned to leverage growth opportunities in T&D business
ATL: A platform well-positioned to leverage growth opportunities in T&D business Execution Prowess Strategic Presence Balanced pool mix Transmission Network of Transmission - Presence in 14 states Development with 33 transmission projects Transmission(3): 19,779 ckm(1) 52% of EBITDA - Central pool D
Slide 8: Executive Summary – FY23
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Executive Summary – FY23 14
Slide 9: Executive Summary – Performance in FY23
ATL: Executive Summary – Performance in FY23 Transmission and Smart Metering Business: FY23 Other Key Updates: – Maintained system availability upwards of 99.70% – AEML secured Rank 1 out of 71 discoms evaluated and – Added 1,704 ckms to operational network with total network at 19,779 ckms scored 9
Slide 10: FY23 Operational Performance (YoY)
FY23 Operational Performance (YoY)
Slide 11: Transmission Utility – Key Operating Metrics FY23 (YoY)
ATL: Transmission Utility – Key Operating Metrics FY23 (YoY) Transmission Network Length(2) (ckm) Power Transformation Capacity(2) (MVA) 19,779 18,795 46,001 40,001 Transformation Added 984 ckm to the capacity increased by transmission network 15% during the period during the period on account of ne
Slide 12: Distribution Utility (AEML) – Key Operating Metrics FY23 (YoY)
ATL: Distribution Utility (AEML) – Key Operating Metrics FY23 (YoY) Supply Reliability (ASAI) (%) SAIDI (mins), SAIFI (nos.) and CAIDI (mins)(1) SAIFI SAIDI CAIDI 99.996% 99.996% 31.74 28.95 23.63 Maintained supply 22.35 Consistent reliability of more improvement in the than 99% reliability paramete
Slide 13: Distribution Utility (AEML) – Key Operating Metrics FY23 (YoY)
ATL: Distribution Utility (AEML) – Key Operating Metrics FY23 (YoY) Consumer base (million) Distribution Loss (%)(1) E-payment (% of total collection) 3.13 3.08 75.00% Increase in 6.55% Improving 69.73% E-payments consumer base 5.91% consistently due remains strong reflecting AEML to focused loss wi
Slide 14: Distribution Utility (AEML) – Consumer Mix FY23 (YoY)
ATL: Distribution Utility (AEML) – Consumer Mix FY23 (YoY) Consumer-wise volume mix Consumer-wise revenue mix 54% 50% 48% 45% 43% 39% 39% 34% Consumer mix shifting back to higher commercial 12% 13% 11% 12% segment demand with a normalization in residential demand Residential Commercial Industrial Re
Slide 15: Q4FY23 YoY Performance
Q4FY23 YoY Performance
Slide 16: Transmission Utility – Key Operating Metrics Q4FY23 (YoY)
ATL: Transmission Utility – Key Operating Metrics Q4FY23 (YoY) Transmission Network length(2) (ckt kms) Power Transformation Capacity(2) (MVA) 19,779 18,795 46,001 40,001 Added 984 ckm to Transformation capacity the transmission increased by 15% during network during the the period on account of per
Slide 17: Distribution Utility (AEML) – Key Operating Metrics Q4FY23 (YoY)
ATL: Distribution Utility (AEML) – Key Operating Metrics Q4FY23 (YoY) Supply Reliability (ASAI) (%) SAIDI (mins), SAIFI (nos.) and CAIDI (mins)(1) SAIFI SAIDI CAIDI 99.996% 99.996% 28.78 26.77 Maintained supply Consistent reliability of more improvement in the than 99.9% reliability parameters 4.65
Slide 18: Distribution Utility (AEML) – Key Operating Metrics Q4FY23 (YoY)
ATL: Distribution Utility (AEML) – Key Operating Metrics Q4FY23 (YoY) Consumer base (million) Distribution Loss (%) E-payment (% of total collection) 3.13 3.08 75.58% 4.82% 4.97% Distribution loss 70.48% improving E-payments Marginal consistently due remains high increase in the to focused loss depi
Slide 19: Distribution Utility (AEML) - Consumer Mix Q4FY23 (YoY)
ATL: Distribution Utility (AEML) - Consumer Mix Q4FY23 (YoY) Consumer-wise volume mix Consumer-wise revenue mix 44% 45% 43% 41% 50% 47% 40% 37% Consumer mix shifting back to higher commercial 14% 14% 13% 13% segment demand with a normalization in residential demand Residential Commercial Industrial
Slide 20: Recent Award and Achievements
Recent Award and Achievements
Slide 21: Recent Awards & Achievements
ATL: Recent Awards & Achievements AEML secured Rank 1 out of 71 discoms ATL’s 37 operational sites are now evaluated and scored 99.6% out of 100 in Enlightened Growth Leadership Award certified as ‘Single-use Plastic the Integrated Discom Ranking released by 2022 for best-in-class sustainable Free’
Slide 22: Transmission Line Availability
Transmission Line Availability
Slide 23: FY23 (YoY) – Line availability across asset groups
ATL: FY23 (YoY) – Line availability across asset groups Average Availability Across Operational Assets %(1) Focus on Maximizing Incentive % Line Availability - ATSOL Obligor Assets Incentive – ATSOL Obligor Assets Normative Availability Incentive Accrued 99.87% 99.59% 2.30% 1.11% 1.18% 98.5% 98.5% 9
Slide 24: Q4FY23 (YoY) – Line availability across asset groups
ATL: Q4FY23 (YoY) – Line availability across asset groups Average Availability Across Operational Assets % (1) Focus on Maximizing Incentive % Line Availability – ATSOL Obligor Assets Incentive – ATSOL Obligor Assets Normative Availability Incentive Accrued 99.79% 99.96% 2.29% 1.06% 1.27% 98.5% 98.5
Slide 25: Global Peer Benchmarking
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Global Peer Benchmarking 14
Slide 26: Transmission System Operational Parameters – Peer Benchmarking
ATL: Transmission System Operational Parameters – Peer Benchmarking Peer Benchmarking on O&M, Employee expenses and EBITDA (INR Million per circuit km) – FY22 9.00 7.85 8.00 7.00 6.00 5.00 4.53 4.00 One of the lowest 3.00 2.53 O&M cost per ckm 2.00 1.64 1.81 1.48 highlighting strong 1.11 0.93 1.00 0
Slide 27: Transmission System Financial Parameters – Peer Benchmarking
ATL: Transmission System Financial Parameters – Peer Benchmarking Peer Benchmarking - EBITDA margin (%) – FY22 700 100% 641 92% 600 83% 81% 80% 76% 63% 500 68% 407 60% 400 300 40% 205 21% 200 166 167 127 114 20% 100 65 54 52 26 39 37 34 ` 0 0% Italian Utility Russian Utility Spanish Utility Finland
Slide 28: ATL – Operational and Under-construction Asset Portfolio
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission ATL – Operational and Under- construction Asset Portfolio 14
Slide 29: ATL's Operational Asset Portfolio as of FY23
ATL’s Operational Asset Portfolio as of FY23 Adani Transmission Limited 100% 100% 75% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% ATSCL & WTGL, PPP Bikaner Obra-C Lakadia WRSS – Jam ATIL MEGPTCL AEML MUL ATBSPL ATRL RRWTL CWRTL FBTL GTL APTL STL Khetri Discom
Slide 30: ATL's Under-construction Asset Portfolio as of FY23
ATL‘s Under-construction Asset Portfolio as of FY23 Adani Transmission Limited 100% 100% 100% 100% 100% 100% 100% Since ATL’s evolution its Transmission Network (ckms) 100% 100% has grown 3.5x and expanded into Distribution MP Kharghar AEMIL NKTL WKTL Khavda Karur WR-SR KTL businesses Package II - V
Slide 31: Legal Disclaimer
Legal Disclaimer The information contained in this presentation is provided by Adani Transmission Limited (together with its subsidiaries, the “Company” or “ATL”) to you solely for your reference and for information purposes only. This presentation is highly confidential and is being given solely fo
Slide 32: Thank You
adani Transmission adani Transmission Thank You -¢