Adani Green Energy Limited · NSE:ADANIGREEN
Adani Green Energy — Shareholder Meeting (July 2023)
29 slides from Adani Green Energy's shareholder meeting presentation, Jul 19, 2023
Slide 1: Adani Green Energy Limited 8th Annual General Meeting
Adani Green Energy Limited 8th Annual General Meeting July 19, 2023 1
Slide 2: Contents
CONTENTS 1 Adani Group 2 AGEL: Company Profile & Business Philosophy 3 AGEL: Operational and Financial Highlights - FY23 4 AGEL: ESG 5 AGEL: Way Forward
Slide 3: Adani Group
Adani Group Renewables 3
Slide 4: Adani: A World Class Infrastructure & Utility Portfolio
Adani: A World Class Infrastructure & Utility Portfolio Flagship Infrastructure & Utility Core Portfolio Primary Industry Emerging B2C Materials, Metal & Incubator Energy & Utility Transport & Logistics Direct to consumer Mining (67.7%) (56.3%) (68.7%) (61.0%) (100%) (63.2%) AGEL ATL APSEZ AEL NQXT1
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 Growth 3x Growth 1.4x AEL APSEZ EBITDA 91% 1,3,5 EBITDA 19% 1,3 AGEL ATGL AT
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 • Engineering & design • Redesigning the capital structure of Activity • Analysis & market • Site acquisition • Life cyc
Slide 7: AGEL: Replicating Group's Simple yet Transformational Business Model
AGEL: Replicating Group's Simple yet Transformational Business Model Secure Sites & Connectivity Resource Assessment Construction Readiness Development ~2,00,000 acres ~40 GW potential Geotechnical studies Resource rich sites in strategic locations 85+ Wind data locations and detailed design plannin
Slide 8: Company Profile & Business Philosophy
Adani Green Energy Limited Company Profile & Business Philosophy Renewables 8
Slide 9: AGEL: Largest Renewable Energy power producer in India
AGEL: Largest Renewable Energy power producer in India Strategically located in Resource rich states 1 2.5x Locked-in Growth Renewable Capacity (in MW) 45,000 10% of India’s RE Operational Under exec../ Near Const. Target 8,316 MW – Operational 5.4x Wind Solar 10,219 MW – Under execution Solar-Wind
Slide 10: AGEL: Holding Structure & Key Portfolio Highlights
AGEL: Holding Structure & Key Portfolio Highlights Adani Family 56.3% 6.5% 4 1.4% 1.3% 19.7% Other Public 14.7% Shareholders Locked-in portfolio: 20,434 MW 50% 50% 100 % 100 % 100 % AGE23L 1 Other Operating Under Execution Near construction 2,353 MW 5,963 MW 10,219 MW 1,899 MW 86% Resource and 12 re
Slide 11: AGEL: Growth and Cash Generation capability De-risked
AGEL: Growth and Cash Generation capability De-risked Industry leading Capacity growth with steadily increasing Operating Base thereby reducing the overall portfolio risk Operational Capacity (MW) 33% CAGR 8,086 5,410 3,470 2,545 1,918 1,970 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Industry leading
Slide 12: Business Philosophy focusing on De-risking at every stage of project lifecycle
Business Philosophy focusing on De-risking at every stage of project lifecycle SUSTAINING GROWTH MOMENTUM Site and Evacuation Project Execution − ~40GW of strategic sites with geotechnical, − PMAG - Central team with deep experience resource analysis & design work done − Execution of large scale sit
Slide 13: Operational & Financial Highlights
Operational & Financial Highlights FY23 Renewables Largest Operational 13 Revenue EBITDA EBITDA margin Cash Profit Capacity in India 49% 54% 57% Consistent and Industry 72% up YoY up YoY up YoY leading EBITDA margin up YoY
Slide 14: AGEL: Key Highlights - FY23
AGEL: Key Highlights - FY23 Capacity Addition and Operational Performance ✓ Operational Capacity increases by 49% YoY to 8,086 MW, the largest operational renewable portfolio in India ✓ AGEL adds a massive 2,676 MW renewable capacity to its operational fleet in FY23: ‒ 2,140 MW solar-wind Hybrid pla
Slide 15: AGEL: Key Highlights - FY23 (contd.)
AGEL: Key Highlights - FY23 (contd.) Key ESG Updates ✓ AGEL’s entire operating capacity is now ‘Water Positive’ (for plants with > 200 MW capacity), ‘Single-Use-Plastic Free’ and ‘Zero Waste to Landfill’ certified ✓ Won CII’s Climate Action Program (CAP) 2.0° ‘Committed’ Award that signifies identif
Slide 16: AGEL: Operational Capacity Addition & Sale of Energy – FY23
AGEL: Operational Capacity Addition & Sale of Energy – FY23 (YoY) Operational Capacity (in MW AC) Hybrid 8,086 Wind 49% 2140 ` Solar 5,410 2 971 ✓ Operational Capacity increases by 49% to 8,086 MW 647 ❑ Operationalized 2,140 MW solar–wind Hybrid power 4,763 4,975 plants, India’s first and World’s la
Slide 17: AGEL: Solar & Wind Portfolio Performance – FY23
AGEL: Solar & Wind Portfolio Performance – FY23 (YoY) Solar Portfolio Performance Wind Portfolio Performance CUF (AC) Sale of Energy (mn units) CUF (AC) Sale of Energy (mn units) 24.7% 10,457 1,820 23.8% 29% 30.8% ` 37% ` 8,097 25.2% 1,329 FY22 FY23 FY22 FY23 FY22 FY23 FY22 FY23 • Sale of Energy up
Slide 18: AGEL: Hybrid Portfolio Performance - FY23
AGEL: Hybrid Portfolio Performance - FY23 Plant Availability Grid Availability 99.9% 96.3% 99.7% 97.4% 99.1% 99.2% • 2,140 MW Solar-Wind Hybrid projects operationalized in FY23: - Solar: 1,980 MW Hybrid Hybrid Solar Wind Solar Wind - Wind: 868 MW • High CUF of 35.5% backed by: CUF (AC) Sale of Energ
Slide 19: AGEL: Financial Performance – FY23 (YoY)
AGEL: Financial Performance – FY23 (YoY) (All figures in INR Crore) Revenue from Power Supply EBITDA from Power Supply 1 5,538 5,825 57% ▪ The robust growth in revenues, EBITDA and Cash Profit ` 54% ` 3,783 3,530 is primarily driven by greenfield commissioning of 2,676 MW. ▪ The state-of-the-art Ene
Slide 20: AGEL: Leverage Profile – FY23 (YoY)
AGEL: Leverage Profile – FY23 (YoY) Net debt1 to run-rate EBITDA2 Net Debt1 to Equity3 6.5x 5.8x 5.4x 3.6x FY22 FY23 FY22 FY23 ✓ Net debt to run-rate EBITDA well within stipulated covenant of 7.5x for Holdco bonds with a significant year-on-year improvement backed by reduction in leverage and consis
Slide 21: ESG
Adani Green Energy Limited ESG Renewables AGEL is now certified Won the prestigious Continue to maintain for all its operating plants over from global ESG rating agencies 200 MW capacity by DNV ✓ CSR Hub (consensus ESG rating) at 97 percentile at Grow Care India Environment Management Awards 2022 ✓
Slide 22: AGEL: Robust ESG Framework
AGEL: Robust ESG Framework Guiding principles IFC E&S United Nations UN Sustainable India Business & Biodiversity Green Bond Performance Global Compact Development Goals Initiative (IBBI) Principles Standards Disclosure Standards Guiding Policies TCFD TNFD GRI Standards CDP disclosure BRSR SASB prin
Slide 23: AGEL: Key ESG Targets v/s Current Status
AGEL: Key ESG Targets v/s Current Status Indicator FY25 Target FY23 Target Status: FY23 Ranking in ESG benchmarking of electric utility sector in In Top 10 in RE sector – Top 10 NA the world Sustainalytics/ ISS ESG Water neutral operating capacity (MW) for plants > 200 100% 60% 100% MW 1 Zero waste
Slide 24: AGEL: New ESG targets adopted in FY24
AGEL: New ESG targets adopted in FY24 New ESG targets Timeline Conduct Climate Change Risk Assessments for all operational locations in alignment with TCFD framework FY24 Establish Internal Carbon Pricing at AGEL level FY24 Conduct nature related assessments for all operational locations in alignmen
Slide 25: AGEL: ESG – Ratings, Awards and Recognition
AGEL: ESG – Ratings, Awards and Recognition ESG Ratings AGEL’s Rating CSRHub (Consensus ESG Rating) ✓ Ranking of 97 percentile, with consistent ranking above Alternative Energy industry average ✓ ESG Risk Rating of ‘Low Risk’ with a score of 15.3, significantly better than global Utilities sector av
Slide 26: Way Forward
Way Forward Renewables
Slide 27: AGEL: Way Forward
AGEL: Way Forward Focus remains on producing the lowest cost green electron at scale 01 45 GW BY 2030 To add 3 GW in FY24 and to keep stepping up to reach 45 GW renewable energy capacity by 2030 Adopting cutting-edge renewable technologies to DEPLOYING NEW 02 AGE TECHNOLOGIES maximise generation at
Slide 28: 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 Green Energy Limited (“AGEL”),the future outlook and growth prospects, and fut
Slide 29: Thank You
adani ” Renewa bles | Thank You