Adani Ports & Special Economic Zone Ltd · NSE:ADANIPORTS

Adani Ports & Special Economic Zone — Investor Presentation (August 2019)

20 slides from Adani Ports & Special Economic Zone's investor presentation, August 2019

  1. Slide 1: Corporate Day - Key Messaging

    Corporate Day - Key Messaging Adani Ports and SEZ Limited August, 2019

  2. Slide 2: ce OY

    ce OY

  3. Slide 3: APSEZ: Investment thesis

    APSEZ : Investment thesis Unique operating model with Assets with enhanced capacity sustained high and diversified utilization and operating leverage World-class growth having low risk technology and people Market leader in the fastest One-point transport utility with growing region across the integ

  4. Slide 4: Crossed key milestone of 200 MMT in FY19

    Crossed key milestone of 200 MMT in FY19 (MMT) 400 CAGR FY09 FY19 • No. of Port: 1 • Capacity: 80 MMT • No. of Port: 10, JV-2 • Capacity: 395 MMT (FY09-19) • Revenue: 1,496 Cr • Revenue: 10,925 Cr 300 • EBITDA: 966 Cr • EBITDA: 7,067 Cr 19% Cargo 200 208 151 22% Revenue 100 Single commodity 93 to mu

  5. Slide 5: Next 200 MMT to be achieved in 6 years

    Next 200 MMT to be achieved in 6 years (MMT) FY25 • No of Ports: 11, JV-2 400 • Capacity: 570 MMT FY09 FY19 400 • No. of Port: 1 • Capacity: 80 MMT • No. of Port: 10, JV-2 • Capacity: 395 MMT Cargo 290 300 19% CAGR (FY09-19) • P II - Myanmar 0.30 Mn TEUs 200 208 • Dhamra LPG, LNG • Mundra CT 6 151 1

  6. Slide 6: Our business hinterland will remain growth engine of the world

    Our business hinterland will remain growth engine of the world INR 2.7 trillion India FY2019 nominal GDP INR 2.5 trillion Incremental GDP by FY2025 Notes: Colour ramp is based on GDP growth rates in 2019. Source: The Conference Board Economic Outlook 2019, July 2019 update. Note: Average real GDP pr

  7. Slide 7: Coal consumption to increase

    Coal Consumption to increase (MMT) FY19 FY25 Assumptions: Total Coal 969 1,142 Consumption 1. Power demand assumed to grow at 5% through FY25 861 1,013 2. By FY25, Power • Coal power requirement (Adj for RE and other non-thermal) Non-Coking Coal 566 671 (Utilities) is 1,200 BU (1000 BU in FY19) • Co

  8. Slide 8: Opportunity in containers handling: 1.7X rise in all India volumes

    Opportunity in containers handling: 1.7X rise in all India volumes (%) Drivers 1. Economy doubling in size over 2025, consumption led demand 30.0 will hold as rising disposal income and premiumisation of Based on consumption will mean demand of imported goods. 28.0 Historical 2. Transshipments volum

  9. Slide 9: APSEZ will continue to outpace India's cargo growth by 2X

    APSEZ will continue to outpace India’s cargo growth by 2X (Cargo Volume in MMT) (%) 5.5% CAGR 1792 FY19 FY25 1,300 23 23 19 29 FY19 FY25 16 24 14 18 16 18 (MMT) FY25 390*** 25%** FY19 207 Container Coal Crude Other Liquid Non-Coal 22% **ex of coastal volumes *** 390 MMT excludes Myanmar Operations S

  10. Slide 10: APSEZ cargo diversification will continue

    APSEZ cargo diversification will continue (MMT) CAGR 11.5% 450 FY19 FY25 400* 400 350 7 3 300 8 250 208 33 200 40 9 150 49 100 50 9 12 6 24 0 FY19 FY25E Containers 83 187 Other Liquid 11 21 LPG & LNG 0 13 Crude 25 38 Non-Coal 19 33 Coal 69 93 Container Coal Non-Coal Crude LPG & LNG Other Liquid * In

  11. Slide 11: Containers to contribute 62% to incremental volume

    Containers to contribute 62% to incremental volume (%) 200 Of which 5 ports account > 90% Mundra – 59% 180 109 Myanmar & Vizhinjam – 16% 176 Kattupalli + Ennore – 15% 160 140 120 100 80 14 60 17 40 13 10 20 13 0 Container NC Coal Other Dry Crude Other Liquid Gas Total 11 Roadmap 2025 Investment Thes

  12. Slide 12: APSEZ port wise incremental cargo volume by FY25

    APSEZ port wise incremental cargo volume by FY25 (%) (%) 71% of incremental growth comes from containers out of which 18% is transhipment Commodity FY 19 FY 25 200 Containers 34 48 180 89 176 Coal 29 51 160 140 42% of incremental Crude + POL 8 9 growth comes from coal 120 Gas (LPG + LNG) 0 19 100 Ot

  13. Slide 13: Focused capital allocation based on harnessing existing capacities

    Focused capital allocation based on harnessing existing capacities Current State: FY19 FY 25: Investment in key infrastructural projects Expected in FY25 Port(1) Installed Capacity Utilisation(2) Key identified infrastructure projects for capacity addition Installed Capacity Utilisation Mundra 252 M

  14. Slide 14: Focused capital allocation based on harnessing existing capacities

    Focused capital allocation based on harnessing existing capacities Current State: FY19 FY 25: Investment in key infrastructural projects Expected in FY25 Port(1) Installed Capacity Utilisation(2) Key identified infrastructure projects for capacity addition Installed Capacity Utilisation 9 MMT Vizhin

  15. Slide 15: Enhanced capacity utilisation with operating leverage

    Enhanced capacity utilisation with operating leverage Dahej 8MMT 67% (14 MMT) Tuna 53% 8MMT (14 MMT) Mundra 227 MMT (325 MMT) Dhamra Hazira 58MMT 29MMT (83 MMT) (43 MMT) Vizag 4MMT Mormugao (6 MMT) 5 MMT Kattupalli (5 MMT) 18MMT (26 MMT) FY19 FY25 Vizhinjam1 Ennore Bulk Terminals 9 MMT 10 MMT Multip

  16. Slide 16: Key Pillars of Finance Strategy

    Key Pillars of Finance Strategy 1. Consistent disclosures to increase 2. Reduce cost of capital predictability • Maintain Investment Grade Rating • Information efficiency • Timely and quality disclosure • Desired level of Net Debt/EBITDA 3.0x to • Reliable earnings 3.5x 3. Robust capital allocation

  17. Slide 17: ROCE of portfolio of existing ports

    ROCE of portfolio of existing ports FY 19 15% Mundra FY 25 (E) 18%-19% 9% Dhamra 13%-15% 20% Hazira 22%-24% 4% Kattupalli 8%-9% 15% Dahej 17%-18% -9% Ennore -6% - -7% -5% Tuna -4% -11% Vizag 0% - -2% 6% Goa 8%- 10% -15% -10% -5% 0% 5% 10% 15% 20% 25% Consolidated ROCE to increase from 13.5% in FY19

  18. Slide 18: APSEZ well placed to capture future growth

    APSEZ well placed to capture future growth Why Invest with us? • Sustained high and diversified growth with low-risk 25% and unique operating model All India Market Share • Sustained profitability and enhanced balance sheet strength 20k Cr+ • One-point transport utility across port and Revenue hinte

  19. Slide 19: 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

  20. Slide 20: Thank You

    adan Ports and Logistics Thank You

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