Adani Enterprises Limited · NSE:ADANIENT
Adani Enterprises — Shareholder Meeting (July 2023)
34 slides from Adani Enterprises's shareholder meeting presentation, Jul 18, 2023
Slide 1: Adani Enterprises Ltd 31st Annual General Meeting
Adani Enterprises Ltd 31st Annual General Meeting 18th July, 2023 Tuesday
Slide 2: Content
Content 01 02 03 Group & Business Operational & Company Profile Updates Financial Highlights 04 05 06 Future ESG Responsible Outlook Highlights Incubator
Slide 3: 1. Group & Company Profile
1. Group & Company Profile 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 Incubator Energy & Utility Transport & Logistics Materials, Metal & Mining Direct to consumer (67.7%) (56.3%) (68.7%) (61.0%) (100%) (63.2%) AGEL ATL APSEZ AEL NQXT
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 AEL Growth 3x Growth 1.4x APSEZ AGEL EBITDA 91% 1,3,5 EBITDA 25% 1,3 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 Activity • Analysis & market • Site acquisition • Engineering & design • Life cycle O&M • Redesigning the capital struc
Slide 7: AEL: Business Portfolio
AEL : Business Portfolio AEL Portfolio Energy & Transport & Consumer Primary Utility Logistics businesses Industry New Industries (End to end Airports Food FMCG1 Mining Industrials Green H2 chain) Mining Data Center Roads Digital PVC Services & IRM Commercial Water Copper Mining Specialized Manufact
Slide 8: 2. Business Updates
2. Business Updates 8
Slide 9: AEL: Business Updates FY23 Energy & Utility
AEL : Business Updates FY23 ▪ Solar New 2.0 GW Plant Cell COD Declared 31st Mar, 23 Anil ▪ Solar Existing Plant upgraded to 2.0 GW with TopCon technology & Ecosystem Module COD declared 01st Apr, 23 ▪ Wind Prototype-I, Prototype-II facility are progressing as per schedule Energy & ▪ Chennai overall
Slide 10: AEL: Business Updates FY23 Transport & Logistics
AEL : Business Updates FY23 ▪ Seven Operational Airports Passenger volume reached Pre-covid level Airports ▪ Greenfield Navi Mumbai Project Phase I expected to be operational by ~Dec-24 Transport ▪ PCOD achieved for three HAM Projects & ▪ Greenfield Ganga Expressway Appointment Date received Roads L
Slide 11: 3. Operational & Financial Highlights
3. Operational & Financial Highlights 11
Slide 12: AEL: Operational Highlights – FY23
[Consolidated] [YoY] AEL : Operational Highlights – FY23 Business Established Incubating %ge Volume %ge Particulars FY23 FY22 FY23 FY22 Growth in MW Growth Pax movement ANIL Module Sales 1275 1104 15.5% (Mn) 74.8 36.8 103.3% Ecosystem Airports ATM (‘000) 544.3 319.9 170.1% Volume %ge FY23 FY22 in MM
Slide 13: Consolidated Key Metrices
AEL : Consolidated Key Metrices Coverage Ratio Interest Coverage Ratio Debt Coverage Ratio 3.09 2.45 2.41 1.77 FY22 FY23 FY22 FY23 Asset Coverage Ratio Net Debt / EBIDTA(1,2) Net Debt / Equity(1) Well below 6.00 committed 5.00 level of 6x 4.00 3.00 5.20 0.91 2.00 0.59 1.00 2.23 0.00 FY22 FY23 FY22 F
Slide 14: Consolidated Financials Highlights – FY23
AEL : Consolidated Financials Highlights – FY23 [Rs cr] Revenue EBIDTA PAT* 96% 112% 218% ✓ Increased on account of strong performance by ✓ Increased in line with increase in IRM, ✓ Increased in line with higher EBIDTA IRM & Airports business Airports and Roads revenue EBIDTA of Incubating Businesse
Slide 15: Segment-wise Financial Highlights – FY23
AEL : Segment-wise Financial Highlights – FY23 [Rs cr] Established Businesses Incubating Businesses Adani New Industries Primary Industries Primary Industries Transport & Logistics Ecosystem Mining services IRM Airports# 3567 2360 2337 98920 5989 2558 Revenue 49263 2884 FY22 FY23 FY22 FY23 FY22 FY23
Slide 16: 4. Future Outlook
4. Future Outlook 16
Slide 17: Growth profile of Incubating Businesses
AEL : Growth profile of Incubating Businesses Business Current Scale Growth Overview − Decarbonization of industry and mobility through green hydrogen New Industries Manufacturing Integrated − 6 GW manufacturing ecosystem of cell module line underway, 1.5 GW for wind (Adani New capacity of 4.0 Green
Slide 18: Early-stage Incubating Businesses
AEL : Early-stage Incubating Businesses Business Overview − 500 KTPA plant capacity in Mundra SEZ with flexibility to expand to 1,000 KTPA − Gold (25 TPA), Silver (250 TPA), sulphuric Acid (1,500 KTPA), Phosphoric Acid (250 KTPA) Copper − Major approvals in place, Technical partnership agreements al
Slide 19: ANIL: Renewable + Green Hydrogen Generation
ANIL : Renewable + Green Hydrogen Generation H2 Green H2 Generation Hub in Gujarat / Rajasthan − 80% of the total cost to produce hydrogen is power cost 42” H2 pipeline of 1.5 MMTPA − Low cost renewable power key Mundra SEZ (Green H2 Consumption Hub) for green hydrogen generation − Renewable generat
Slide 20: 5. ESG Highlights
5. ESG Highlights 20
Slide 21: ESG – Ratings, Awards and Recognition
AEL : ESG – Ratings, Awards and Recognition ESG Ratings AEL’s Rating CSRHub (Consensus ESG Ranking of 59 percentile, with consistent ranking above the industry average Rating) Sustainalytics ESG Risk Rating score of 39 DJSI-S&P Global Corporate Scored 46/ 100 significantly better than average indust
Slide 22: AAHL (Airports) ESG Performance FY23
AEL : AAHL (Airports) ESG Performance FY23 Aligning to UN Sustainable Development Goal 13 ✓ Committed to take urgent action to combat climate change and its impacts. MIAL has eliminated For onsite RE initiatives 50,000 tonnes of MIAL’s green energy deployed 10Kwp turbo CO2 to achieve zero utilizatio
Slide 23: ANIL Ecosystem ESG Performance Highlights FY23
AEL : ANIL Ecosystem ESG Performance Highlights FY23 Aligning to UN Sustainable Development Goal 12 ✓ Committed to ensure sustainable consumption and production patterns ANIL Ecosystem generates ETP ETP Sludge is now sold for making wall Sludge – putti and earns a revenue for the business. 3117 MT (
Slide 24: ESG Performance Highlights FY23
AEL : ESG Performance Highlights FY23 Energy , Emissions and Climate Change 11% ↓* 44% ↓* 17% ↓* Energy Intensity reduction Operational Emissions# reduction Water Consumption in Mining Services in Adani Airports reduction in Primary Industries Cumulative – 10.3 Lakhs 17%* 18% ↓* (FY’23) Plantation -
Slide 25: 6. Responsible Incubator
6. Responsible Incubator 25
Slide 26: Enabling Value Creation
AEL : Enabling Value Creation AEL has a demonstrated track record of creating high quality sustainable infrastructure businesses since 1994 As on date In 15 years from IPO After 2015 Demerger In 10 years from IPO AEL – 80 shares IPO in Nov 1994 Adani Enterprises AEL – 80 shares APSEZ – 113 shares Ad
Slide 27: Thank You
Thank You 27
Slide 28: Appendix
Appendix 28
Slide 29: ESG Framework
ESG Framework 29
Slide 30: Auditors Profile FY23
AEL : Auditors Profile FY23 No. of Audit Sl. No. Business Vertical Major Audits Covered By Firms 1 Adani Wilmar 2 Ernst & Young and Dharmesh Parikh & Co. BDO International, Walker Chandiok & Co LLP and 2 Airports* 9 Gianender & Associates 3 Australia Entities 1 Ernst & Young 4 ANIL Ecosystem 4 Shah
Slide 31: ESG backed by Assurance
AEL : ESG backed by Assurance Our Key ESG Commitments • No net loss to biodiversity and 100% alignment with IBBI • Creating shared value for communities through • Becoming a net water positive company integrated and sustainable development Policies Guiding • Become a signatory to UN Global Compact •
Slide 32: Environment Philosophy
AEL : Environment Philosophy Offsetting Carbon Emission Conservation of Resource Waste Management • Recycling waste through land- Climate • Carbon sequestration by • Reducing water footprint filing • Land use and cover management Awareness afforestation • Energy Management • Circular Economy • Impro
Slide 33: Adopted UN Sustainable Development Goals
AEL : Adopted UN Sustainable Development Goals Our Key Social Initiatives mapped to UNSDG United Nations Women’s Multiple • Own schools, digitalization and up gradation of Sustainable Development Goals 2030 Govt. school to provide cost free education to the Education Locations 1. No Poverty needy. 2
Slide 34: Strong Governance Framework
AEL : Strong Governance Framework Key Governance Areas Key Highlights ✓ More than 50% Independent Directors ESG Governance Structure Board Independence & Diversity ✓ 12.5% Women Directors Board of Directors ✓ Corporate Responsibility Committee in place with 100% Independent Corporate Directors to pr