Adani Enterprises Limited · NSE:ADANIENT
Adani Enterprises — Investor Presentation (September 2019)
43 slides from Adani Enterprises's investor presentation, September 2019
Slide 1: Adani Enterprises Ltd Investor Presentation
Adani Enterprises Ltd Investor Presentation September 2019
Slide 2: Contents
Contents 1 Introduction to Adani Group and Adani Enterprises 2 Company Profile Core Businesses 3 • Mining & Services • ICM Incubating Businesses - Infrastructure & Utilities • Airports 4 • Roads • Water Strategic Investments • Mundra Solar PV 5 • Food & FMCG • Defence 2
Slide 3: Adani: a World Class Infrastructure & Utility Platform
Adani : a World Class Infrastructure & Utility Platform Transport & Logistics Portfolio Utility & Power Portfolio Adani 62.3% 100% 100% 75% 75% 75% 75% APSEZ AAPT SRPCL ATL APL AGEL AGL Port & Logistics Port Rail T&D IPP Renewables Gas DisCom 75% AEL Incubator 100% 100% 100% 100% AAHL ATrL AWL Data
Slide 4: Adani: Track Record of Delivering World Class Assets
Adani : Track Record of Delivering World Class Assets Leveraging Core Strengths… …to Deliver World Class Assets Large Scale Businesses Delivering Consistent Growth 648 MW Ultra Mega Solar Mundra Port: India’s Largest Commercial Port Power Plant Mundra-Mohindergarh 1,980 Ckt Km: Longest Private
Slide 5: AEL 2.0 - Tested incubation model poised for growth beyond 2020
AEL 2.0 - Tested incubation model poised for growth beyond 2020 AEL Business Portfolio Resources Transport & Logistics Utility Others Integrated Coal Rail / Mining Airports Roads Water Data Centre Strategic Investments Management Metro Embarked up on 2nd phase of infrastructure creation in AEL • Ind
Slide 6: Adani Enterprises: a Diversified Incubator
Adani Enterprises: a Diversified Incubator
Slide 7: Adani Enterprises (AEL) - History
Adani Enterprises (AEL) - History 2019: Forayed in to Airports, Roads, Water & Data Centre businesses 2018: Demerger & Listing of Adani Green Energy & Adani Gas 2015: Demerger & Listing of APSEZ, APL & ATL 2008 Awarded Bunyu Coal Mine Indonesia 2017 Solar Mfg plant commissioned 2006 2009-10 • Awarde
Slide 8: AEL - Value Creation
AEL - Value Creation Value Creation since 2015 Value Creation in 2018-19 1250 319 229 129 119 618 44 519 28 584 60 112 420 146 519 112 319 110 22-Jan-15 Post-Demerger Value as on 01-Apr-17 30-Sep-19 (03-Jun-15) 30-Sep-19 AEL Value AGEL Value AEL Value APSEZ Value APL Value ATL Value ₹ 150 30% CAGR ~
Slide 9: AEL: A Successful Incubator
AEL: A Successful Incubator Begins with an assessment of identifying gaps and derived opportunities New Business Assessment Process AEL provides the perfect commercialization plan to the new incubations by providing a seamless access to - Mentoring / coaching / Access to materials / Executive Indust
Slide 10: AEL: A Unique Investment Opportunity
AEL: A Unique Investment Opportunity Attractive sector dynamics - high growth latent demand, high entry barriers & policy initiatives India centric strategy with market leadership - #1 Private Mining, Coal Logistics, Airport Operator & Edible Oil Brand Project execution & operational expertise; Ongo
Slide 11: Mine Developer & Operator (MDO) Integrated Coal Management (ICM)
Mine Developer & Operator (MDO) Integrated Coal Management (ICM)
Slide 12: Global Coal Scenario: Demand to remain stable with geographic shift to Asia
Global Coal Scenario: Demand to remain stable with geographic shift to Asia India net imports, Australia net exports to be the highest Global coal demand to remain stable -38 300 285 300 187 371 522 -67 988 614 433 +40 397 710 955 +95 +69 +21 1,914 1,841 1,552 -67 2015 2030 2040 -3 +130 China India
Slide 13: Integrated Coal Management (ICM) - Our Global Footprint
Integrated Coal Management (ICM) - Our Global Footprint Multi-Country Multi modal Customer Account Financing Procurement Logistics Management ICM Integrated presence in complete supply chain with embedded technology provides sustainable Yamunagar competitive advantage Private Adani Power Overseas Su
Slide 14: ICM – Market Leader with Consistent Operational Performance
ICM – Market Leader with Consistent Operational Performance Resilient Business Model with Consistent Market Leadership Sales Mix In MMT FY 19 47% 56% 45% 41% 164 164 10% 145 147 SEBs 23% APL 67 MMT 78 81 Exports 66 67 61% Private/Others 6% FY16 FY17 FY18 FY19 AEL ICM Volume India Steam Coal Import S
Slide 15: India Coal Mining: Regulatory Evolution, Opportunities & Potential
India Coal Mining: Regulatory Evolution, Opportunities & Potential • Allowed private sector participation in coal mining for captive usage Amendment to Coal Mines Nationalization Act (1973), 1991 • Case to case basis allotment of 218 coal blocks • Additional regionally-explored (RE) coal blocks allo
Slide 16: MDO - Largest Mine Developer & Operator in India
MDO - Largest Mine Developer & Operator in India MDO Business Order Book of 80 MMTPA A natural progression into Coal MDO Successfully developed Power projects and Ports – Parsa East and Kanta Basan, Gained experience in LA, Peak Capacity 15 MMTPA Kushmunda Washery Community engagement, Peak Capacity
Slide 17: MDO: Robust Business Model with Growing Project Pipeline
MDO: Robust Business Model with Growing Project Pipeline Mine Owner Payments to MDO Coal Delivery by MDO Facilitating in obtaining clearances, DPR / mine plan, Land acquisition Mine Developer and R&R and Operator (MDO) Construction of Infra such as CHP, Washery, rail siding etc. Bundled / Coal & OB
Slide 18: MDO: Sustainable & Responsible operations driving strong financial performance
MDO: Sustainable & Responsible operations driving strong financial performance Coal Production (MMT) Revenue (Rs Crs) Responsible Green Miner 15.0 1586 Community 12.1 Bringing Engagement Mine back to and its pristine 8.3 8.3 Developmen 863 stage 7.3 7.0 t 6.3 712 5.5 546 Technology Intervention Awar
Slide 19: Carmichael Coal Mine - Overview
Carmichael Coal Mine - Overview Location Galilee Basin, Queensland, Australia 11 BT JORC compliant Resource Resource 880 Mn T JORC compliant Reserves Moderate to high energy thermal coal suited for Asian markets Current development: open cut mine capacity of 11 mtpa Phase I 1st Coal on r
Slide 20: Airports
Airports
Slide 21: India Aviation – A Strategic Market
India Aviation – A Strategic Market India Aviation Industry Globally India has low domestic penetration for flying • Low penetration of flying (0.07 trips per capita per annum vs. 0.3 in China) Norway 5.24 Australia 3.5 • 3rd largest domestic aviation market in 2016; poised to become 3rd largest USA
Slide 22: Adani Airports
Adani Airports Poised to become the Leading Airport Operator in India Key Highlights of Recently Won Projects Qualified Successful Bidder of 6 of India’s Leading Strategically located Airports handling 30+ million passengers Robust Portfolio Tracking Consumption Trend – Passenger Traffic Growth of 1
Slide 23: Adani Airports – Successful Foray into Airports Sector
Adani Airports – Successful Foray into Airports Sector Portfolio of rapidly growing Airports Adani emerged successful in 6 recent airports bids (Rs/Domestic Px) Among the highest & most diversified portfolio of Airports in India 177 146 174 155 171 155 168 (NIIF) 139 160 (NIIF) 135 (NIIF) Traffi
Slide 24: Adani Airports – Growing Traffic supplemented by Roadmap for Unlocking Value
Adani Airports – Growing Traffic supplemented by Roadmap for Unlocking Value Robust Passenger Traffic Growth > Domestic average Operational Plans 21.4% Near Term (12-18 months) Medium Term (3 Years) Long Term (Beyond 3 Years) 17.1% 18.6% 17.6% 16.8% 9.1% Build a world class team Sweat Assets – t
Slide 25: Transportation – Roads, Metro & Rail
Transportation – Roads, Metro & Rail
Slide 26: Adani Transportation – Roads, Metro & Rail
Adani Transportation – Roads, Metro & Rail Road Metro Railways Potential & Outlook Potential & Outlook Potential & Outlook • 53000 kms of NHs have been identified to be built • 60% of Indians living in urban areas by 2050 • 100% FDI in the railway infrastructure allowed under Bharatmala • Metro rail
Slide 27: Roads – Growing Order Book
Roads – Growing Order Book Projects under Execution Particular Project I Project II Project III 4-lane 53 Km road from Bilaspur to 4-lane 42 Km road from Mancherial 4-lane 59 Km road from Suryapet to Project Patharapali in Chattisgarh to Repallewada in Telangana Khammam in Telangana 2 Yrs Constructi
Slide 28: Roads – Go-to-market strategy
Roads – Go-to-market strategy Target Business Models Expected %share in Target Share in SN Projects Rationale market pipeline our portfolio HAM offers moderately good market returns in PPP while offloading partial financing 1 HAM 45% 70-75% risk to the Authority 2 TOT - 1 TOT Bundle To target TOT wi
Slide 29: Water
Water
Slide 30: Water: Significant Investment Opportunities
Water: Significant Investment Opportunities Water Stress (withdrawals/available supply) in India India Per Capita Water Availability in Cubic Meters (cm) • Global water demand expected to grow rapidly to touch >5,200 cubic kilometres per year by 2025 (growing at over 1.2% every year) • Agriculture i
Slide 31: Water: Significant Investment Opportunities
Water: Significant Investment Opportunities Focus Areas Project under Execution • Adani focussing on projects in PPP/Hybrid-Annuity/EPC mode initiated by Central & Particular Detail State Government and Local Municipal Corporations • Municipal Wastewater Treatment & Recycling: To ensure safe treatme
Slide 32: Solar Manufacturing – Mundra Solar PV (MSPVL)
Solar Manufacturing – Mundra Solar PV (MSPVL)
Slide 33: Solar Manufacturing – Demand to grow at a double digit growth rate
Solar Manufacturing – Demand to grow at a double digit growth rate Low Penetration in Global Energy Demand Global solar PV demand to grow at 13% CAGR Solar Manufacturing concentrated in China (in GW) Total Cell Capacity Total Module Capacity 8.8% RoW EU India Japan USA China 168 GW 219 GW 7.4% 119 1
Slide 34: MSPVL – Largest Solar PV manufacturer in India… Competing on Quality, Cost & Scale
MSPVL – Largest Solar PV manufacturer in India… Competing on Quality, Cost & Scale Largest integrated module manufacturer in India Global recognition for quality & performance Manufacturing Facility at Mundra, Gujarat Module Cell Rated as Tier 1 Rated as 12001200 by BNEF in Bankable by 1000 2018 CEA
Slide 35: MSPVL – Strategic Priorities aligned to leverage Growth in Industry
MSPVL – Strategic Priorities aligned to leverage Growth in Industry Strategic Priorities Order Book provides Growth Visibility Expand EPC and Solutions offering along with latest technology implementation to Actual Sales Order Pipeline achieve a policy independent self-sustainable business model 298
Slide 36: Adani Wilmar (AWL)
adani Adani Wilmar (AWL)
Slide 37: Indian Edible Oil Consumption Growth Drivers
Indian Edible Oil Consumption Growth Drivers One of the lowest per capita oil consumption (in kg) Market Dynamics 70 61.1 63.9 63.9 63.6 • Exponential increase in consumption driven by rising income 59.7 60 62.4 62.8 64.2 59.5 60.1 levels and aspiration 50 41.2 43.8 43.8 40 39.6 39.7 • Imports which
Slide 38: AWL: Strong Growth through Brand across Food segments
AWL: Strong Growth through Brand across Food segments Edible Oil and Food Business Leading Market Share (as at Mar-19) 20% 14% 5% 4% 4% AWL RUCHI SOYA KALEESUWARI GEMINI EMAMI Basket of Brands for Edible Oil & Food Products Edible Oil Rice Besan / Flour Soya • 50-50 JV between Adani Enterprises and
Slide 39: AWL: Strategic Priorities
AWL: Strategic Priorities Strategic Priorities 1 Maintain leading position in edible oil market 7 2 Exploring the business potential in Focus on business strategy aligned to shift regional overseas markets in consumption pattern 6 Adani Wilmar 3 Focus on operational synergies and Pan India network o
Slide 40: Defence
Defence
Slide 41: Defence & Aerospace
Defence & Aerospace PLATFORMS AND COLLABORATE WITH GROW INDIAN MSMEs FOCUS ON 1 TECHNOLOGIES 2 GLOBAL PARTNERS 3 4 INDIGENISATION Focus on platforms and technologies Collaborate with credible and Help develop and grow the dynamic Focus on capabilities critical for of critical importance, to assert c
Slide 42: AEL: Sustainability
AEL: Sustainability • Business in harmony with Nature • Measurement of carbon footprint across all business operations • Management systems & policies in place to ensure efficient use of resources • Strategies & initiatives to reduce resources consumption and maximize recycling Environment Governanc
Slide 43: Safe Harbor
Safe Harbor Certain statements made in this presentation may not be based on historical AEL assumes no responsibility to publicly amend, modify or revise any forward information or facts and may be “forward-looking statements,” including those looking statements, on the basis of any subsequent devel
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