Adani Ports & Special Economic Zone Ltd · NSE:ADANIPORTS

Adani Ports & Special Economic Zone — FY2023 Earnings Presentation

81 slides from Adani Ports & Special Economic Zone's earnings presentation, May 30, 2023

  1. Slide 1: Exchange submission cover letter

    Ref No: APSEZL/SECT/2023-24/22 May 30, 2023 BSE Limited National Stock Exchange of India Limited Floor 25, P J Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Mumbai – 400 001 Bandra (E), Mumbai – 400 051 Scrip Code: 532921 Scrip Code: ADANIPORTS Sub: Submission of Media Release and Inve

  2. Slide 2: Revenue and EBITDA jumps over 20% in FY23

    Media Release Revenue and EBITDA jumps over 20% in FY23 Record investments during the year to drive growth  Revenue for the year increased by 22% Y-o-Y to Rs 20,852 Cr  EBITDA for the year increased by 21% Y-o-Y to Rs 12,833 Cr  Record investments of ~Rs 27,000 Cr in FY23 primarily funded through

  3. Slide 3: Media release: operational milestones and investments

     APSEZ handled 300 MMT of cargo in just 329 days, surpassing the previous benchmark of 354 days in FY22  Two of APSEZ’s ports (Mundra and Krishnapatnam) are featured in the top 10 ports of India for their annual cargo volumes  Mundra continues to be the largest commercial port of India with cargo

  4. Slide 4: Key Business Highlights – FY23 (YoY)

    of Rs.5 per share, in line with our capital allocation policy. This implies a payout of around Rs 1,080 Cr for the company. Guidance for FY24: Cargo volumes expected at 370-390 MMT resulting in a revenue of Rs 24,000-25,000 Cr and EBITDA of Rs 14,500-15,000 Cr. Total capex during the year is expecte

  5. Slide 5: Financial Highlights, Guidance for FY2024, ESG Highlights

     H1 bidder for Loni ICD in NCR and Valvada ICD near Gujarat-Maharashtra border  LOI to develop a deep-sea port at Tajpur, West Bengal Financial Highlights  Consolidated operating revenue grew by 22% Y-o-Y to Rs 20,852 Cr.  Consolidated EBITDA grew by 21% to Rs 12,833 Cr on the back of revenue gr

  6. Slide 6: Other Business Updates, Awards

     APSEZ’s ranks 1st among 59 Indian companies, and 9th rank among 844 companies in the Emerging Markets globally across all sectors/ industries, in Moody’s ESG assessment (Oct-22)  APSEZ was ranked amongst top 10 from 297 companies in the Global Transportation & Transportation Infra sector in the S

  7. Slide 7: Awards and About Adani Ports & SEZ

     Mundra Port received the Sea Port of the Year (for Northern India) award at the ‘Northern India Multimodal Logistics Awards’.  Mundra Port honoured with the 'Non Major Port of the Year' & 'Terminal of the Year' titles at the 9th edition of the International Samudra Manthan Awards 2022.  Mundra P

  8. Slide 8: Press release disclaimer

    Neither this press release nor any other documentation or information (or any part thereof) delivered or supplied under or in relation to the shares shall be deemed to constitute an offer of or an invitation by or on behalf of APSEZL. APSEZL, as such, makes no representation or warranty, express or

  9. Slide 9: Operational & Financial Highlights – FY23

    Operational & Financial Highlights – FY23 Adani Ports and SEZ Ltd.

  10. Slide 10: Table of Contents

    Table of Contents A Adani Portfolio Overview B APSEZ Company Profile C Market Leadership D Strategic, and Operational Highlights Q4 and FY23 E Financial Highlights Q4 and FY23 F ESG Highlights G Annexures 2

  11. Slide 11: Group Profile

    A Group Profile STRICTLY CONFIDENTIAL

  12. Slide 12: 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 (69.2%) (57.2%) (71.7%) (61.0%) (100%) (63.2%) AGEL ATL APSEZ1 AEL NQXT

  13. Slide 13: 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 5x Core Portfolio EBITDA 70% 1,2 EBITDA 92% 1,4 Utility 92% Transport 85% Consumers ~400 mn Served AEL Growth

  14. Slide 14: Adani Portfolio: Repeatable, robust & proven transformative model

    Adani Portfolio: 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 capital

  15. Slide 15: APSEZ: Company Profile

    B APSEZ: Company Profile STRICTLY CONFIDENTIAL

  16. Slide 16: APSEZ: Transformational Business Model

    APSEZ: Transformational Business Model Ports Logistics SEZ • National footprint with 14 ports • Largest integrated logistics player in • Large scale ‘ready to setup’ industrial across the coastline, de-risks the India land (SEZ) Development portfolio of concentration risk. • Rail, MMLPs, Warehousing

  17. Slide 17: A transport utility with string of ports and integrated logistics network

    APSEZ: A transport utility with string of ports and integrated logistics network West Coast East Coast Installed Capacity Installed Capacity ~355 MMT ~247 MMT One to fourteen in two decades Dahej Moga 16 Kanech Kotkapura MMT Kilaraipur Kaithal Panipat Dhamora Tuna 14 Patli Kannauj Samastipur & MMT D

  18. Slide 18: Logistics to provide growth impetus & help reaching customer's gate

    APSEZ: Logistics to provide growth impetus & help reaching customer's gate Trains MMLPs Grain Silos Ware-housing Rail Tracks Marine Flotila* Assets 58 5 0.88 0.4 mn 540 26 FY20 Trains MMLP MMT Sq. ft. KMs 93 9 1.1 1.6 mn 620 FY23 KMs 110 Trains MMLP MMT Sq. ft. 2.2X 1.5X 2.5X 38X 3X 1.1X 200+Trains

  19. Slide 19: Asset creation supported by internal accruals

    APSEZ: Asset creation supported by internal accruals Fixed asset base (Rs Cr) Gross debt as a % of fixed asset base 84,092 80% 77% 32,608 59% 15,245 FY14 FY19 FY23 FY14 FY19 FY23 • Asset addition in last 5 years funded through debt and internal accruals in a ratio of 1:1 • Asset base increased by ~R

  20. Slide 20: Market leadership

    C Market leadership STRICTLY CONFIDENTIAL

  21. Slide 21: Long term growth way ahead of the industry

    APSEZ: Long term growth way ahead of the industry Cargo Volumes (MMT) Two of our ports feature in top 10 ports of India 1,500 FY07 FY12 FY17 FY23 1,350 Vizag Kandla Sikka Mundra 1,200 Chennai Vizag Mundra Kandla 1,050 Kandla JNPT Kandla Paradip 900 Mumbai Mundra Paradip Sikka 750 600 JNPT Chennai Mu

  22. Slide 22: Cargo growth beats industry

    APSEZ: Cargo growth beats industry APSEZ Cargo Throughput* All India Cargo Throughput 350 337 1,500 312 1,433 1,450 300 1,400 247 250 223 1,350 1,307 1,319 208 1,282 1,300 200 180 1,246 1,250 1,208 150 1,200 1,150 100 1,100 50 1,050 - 1,000 FY18 FY19 FY20 FY21 FY22 FY23 FY18 FY19 FY20 FY21 FY22 FY23

  23. Slide 23: Largest container terminal operator

    APSEZ: Largest container terminal operator APSEZ Container Throughput* All India Container Throughput 9.0 8.6 20.5 20.1 8.5 8.2 20.0 19.6 8.0 19.5 7.4 19.0 7.5 18.5 7.0 18.0 17.5 17.6 6.5 6.2 5.8 17.5 17.0 6.0 17.0 5.5 5.1 16.5 5.0 16.0 15.5 4.5 15.5 4.0 15.0 FY18 FY19 FY20 FY21 FY22 FY23 FY18 FY19

  24. Slide 24: Changing the landscape of India's port sector

    APSEZ: Changing the landscape of India’s port sector Average Turnaround Time (days) Market Share of APSEZ (%) 3.5 25% 3.0 20% 2.5 2.0 15% 1.5 10% 1.0 5% 0.5 - 0% FY18 FY19 FY20 FY21 FY22* FY23** FY02 FY19 FY20 FY21 FY22 FY23 Major Ports APSEZ Market Share • APSEZ with ~25% of India’s port handling c

  25. Slide 25: Strong cashflow generation

    APSEZ: Strong cashflow generation Revenue from operations (Rs Cr) EBITDA (Rs Cr) 25,000 14,000 12,833 20,852 12,000 20,000 10,000 15,000 8,000 7,067 10,925 6,000 10,000 4,000 2,977 4,830 5,000 2,000 - - FY14 FY19 FY23 FY14 FY19 FY23 • Revenue and EBITDA almost doubling every five year (CAGR of 16%-1

  26. Slide 26: Strategic, and Operational Highlights Q4 and FY23

    D Strategic, and Operational Highlights Q4 and FY23 STRICTLY CONFIDENTIAL

  27. Slide 27: Strategic Highlights – FY23 (Ports & SEZ)

    APSEZ: Strategic Highlights – FY23 Ports & SEZ • Acquisition/stake purchase of 5 strategic assets that are key milestones in our journey towards becoming the transport utility - • Haifa Port Company, the operator of Israel’s largest port, at an implied EV/ EBITDA multiple of 7.5x for USD 1.18 Bn. •

  28. Slide 28: Strategic Highlights – FY23 (Logistics)

    APSEZ: Strategic Highlights – FY23 Logistics • Agri Logistics: ✓ Won the contract for building Grain Silos at 70 locations (8 States) with proposed capacity of ~ 2.8 MMT, thereby taking our total agri silo capacity to ~4 MMT • MMLPs: ✓ Integration of ICD “Tumb” with Adani Logistics, one of largest I

  29. Slide 29: Operational Highlights – FY23

    APSEZ: Operational Highlights – FY23 Ports • APSEZ handled ~24% of India’s total cargo volumes during FY23 • APSEZ recorded its largest port cargo volumes at 339 MMT (+9% Y-o-Y), led by dry cargo (+11%) and containers (+7%) • Mundra continues to be the largest commercial and container handling port

  30. Slide 30: New milestones of largest ever ships handled

    APSEZ: New milestones of largest ever ships handled • Mundra Port became the first port in India to handle the deepest container vessel (MSC Washington with a draft of 17 m) • Mundra Port handled the largest vessel, MSC Fatma (vessel length – 366.0 m). • Dhamra Port exported 1.6 lakh MT of iron ore

  31. Slide 31: New milestones of highest ever cargo handled

    APSEZ: New milestones of highest ever cargo handled • Mundra Port handled its highest ever RO-RO volume of 2.09 lakh cars in FY23 vs previous high of 1.87 lakh cars • Krishnapatnam Port recorded an all-time high gypsum discharge of 1.17 MMT • Hazira Port reported the highest ever sugar cargo volume

  32. Slide 32: Key awards reflecting operating excellence

    APSEZ: Key awards reflecting operating excellence • APSEZ won the Global Port Forum Award for ‘Port of the Year – Indian Subcontinent 2022’. • Adani Logistics has been awarded the ‘Best Rail Freight Service Provider’ and ‘Best Logistics Infrastructure and Service provider’ by the Government of India

  33. Slide 33: Robust growth coupled with diversification – Q4 FY23

    APSEZ: Robust growth coupled with diversification – Q4 FY23 (YoY) Q4 FY22 Q4 FY23 APSEZ Cargo volume East Coast Volume* Non Mundra Volume* 11% 13% 11% 78.08 86.29 29.57 33.54 40.64 45.25 MMT MMT MMT MMT MMT MMT ASPEZ Container volume West Coast Volume* Mundra Volume* 15% 3% 3% 2.04 mn 2.33 mn 48.51

  34. Slide 34: Robust growth coupled with diversification – FY23

    APSEZ: Robust growth coupled with diversification – FY23 (YoY) FY22 FY23 APSEZ Cargo volume East Coast Volume* Non Mundra Volume* 9% 12% 12% 312.39 339.20 117.99 131.70 162.16 181.19 MMT MMT MMT MMT MMT MMT ASPEZ Container volume West Coast Volume* Mundra Volume* 7% 5% 3% 8.20 mn 8.76 mn 194.40 204.

  35. Slide 35: Concentration risk mitigation continues - FY23

    APSEZ: Concentration risk mitigation continues - FY23 38% 39% 36% 36% East Coast vs West Coast Share* 62% 61% 64% 64% FY22 FY23 FY22 FY23 APSEZ All India West Coast East Coast FY22 FY23 48% 46% Mundra vs Non Mundra Share* 52% 54% Mundra Non-Mundra Mundra Non-Mundra 27 * The data pertains to APSEZ In

  36. Slide 36: Diversifying cargo portfolio

    APSEZ: Diversifying cargo portfolio 41% 43% 41% 41% 38% 38% 37% 36% 36% 33% 33% 32% 33% 32% 17% 13% 13% 12% 13% 15% 12% 13% 11% 11% 11% 8% 9% 7% 3% 3% 2% 3% 3% 3% 3% 1% 0% 1% 0% FY17 FY18 FY19 FY20 FY21 FY22 FY23 Dry (Thermal & Coking Coal) Dry (Other than Coal) Liquid (excl Crude) Crude Gas Contain

  37. Slide 37: Balanced growth across ports – Q4 FY23

    APSEZ: Balanced growth across ports – Q4 FY23 • Growth at Krishnapatnam was driven by coal, minerals and container cargo • Growth at Gangavaram was driven primarily by coal cargo • Growth at Mundra was primarily driven by container cargo • Volumes at Katupalli, Dahej, Hazira, and terminals were broa

  38. Slide 38: Balanced growth across ports – FY23

    APSEZ: Balanced growth across ports – FY23 • Almost all ports had a Y-o-Y growth in volumes • Growth at Mundra was primarily contributed by containers • Growth at Dahej and Gangavaram was contributed by coal • Growth at Kattupalli was contributed by containers • Growth at Krishnapatnam was contribut

  39. Slide 39: Container cargo drives growth – Q4 FY23

    APSEZ: Container cargo drives growth – Q4 FY23 • Growth primarily driven by container, minerals and coal cargo • Decline was seen in fertilizers and other dry cargo 31

  40. Slide 40: Container cargo drives growth – FY23

    APSEZ: Container cargo drives growth – FY23 • Growth primarily driven by container, coal and agri cargo types • Container volumes grew primarily on account of volume jump at Kattupalli and Mundra • Coal volumes grew primarily on account of volume jump at Krishnapatnam, Dahej, Gangavaram and Mundra •

  41. Slide 41: Sticky cargo ensures resilience

    APSEZ: Sticky cargo ensures resilience 339 64% 62% 312 58% 59% 56% • Sticky cargo constitutes ~54% of total 54% cargo with a higher base 247 49% 223 208 • 71% of Mundra Port’s cargo continues 180 183 169 to remain sticky in nature 155 131 138 121 108 111 • Container constitutes 45% and liquid 12% of

  42. Slide 42: Financial Highlights Q4 and FY23

    E Financial Highlights Q4 and FY23 STRICTLY CONFIDENTIAL

  43. Slide 43: Financial performance – Q4 FY23

    APSEZ: Financial performance – Q4 FY23 (in INR Cr) Q4 FY22 Q4 FY23 Particulars Revenue EBITDA^ PAT Revenue EBITDA^ PAT APSEZ Consolidated 4,140 2,581 1,112 5,797 3,271 1,141* JVs AICTPL (CT-3), JV with MSC 369 204 73 412 240 177 ACMTPL (CT-4), JV with CMA-CGM 165 92 20 182 106 49 Total 4,674 2,877 1

  44. Slide 44: Financial performance – FY23

    APSEZ: Financial performance – FY23 (in INR Cr) FY22 FY23 Particulars Revenue EBITDA^ PAT Revenue EBITDA^ PAT APSEZ Consolidated 17,119 10,607 4,953 20,852 12,833 5,393* JVs AICTPL (CT-3), JV with MSC 1,355 732 258 1,527 821 262 ACMTPL (CT-4), JV with CMA-CGM 620 353 92 739 428 91 Total 19,094 11,69

  45. Slide 45: Key segment wise Operating revenue & EBITDA – Q4 FY23

    APSEZ: Key segment wise Operating revenue & EBITDA – Q4 FY23 (YoY, in INR Cr) Ports Logistics 4,400 533 69% 70% 29% 3,554 25% 3,066 363 2,443 132 106 Q4 FY22 Q4 FY23 Q4 FY22 Q4 FY23 Revenue EBIDTA EBIDTA (%) Revenue EBIDTA EBIDTA (%) SEZ & Port Development International Ports 69% 42 70% 807 60% 12%

  46. Slide 46: Key segment wise Operating revenue & EBITDA – FY23

    APSEZ: Key segment wise Operating revenue & EBITDA – FY23 (YoY, in INR Cr) Ports Logistics 17,304 1,744 70% 70% 28% 14,149 26% 12,039 1,208 9,916 487 320 FY22 FY23 FY22 FY23 Revenue EBIDTA EBIDTA (%) Revenue EBIDTA EBIDTA (%) SEZ & Port Development International Ports 932 1,308 49% 10% 8% 627 29% 41

  47. Slide 47: Debt Ratios

    APSEZ: Debt Ratios (YoY, in INR Cr) Gross Debt, Net Debt & Average Maturity Rating Ratios* 7.0 49,819 45,453 25% 23% 24% 6.0 39,989 22% 5.5 21% 34,401 18% 31,666 28,472 5.7 5.1 4.5 FY 21 FY22 FY23 Mar'2021 Mar'2022 Mar'2023 FFO / Gross Debt (13% - 15%) FFO / Net Debt (18% - 25%) Net Debt Gross Debt

  48. Slide 48: Port wise returns

    APSEZ: Port wise returns 33% 23% 20% 19% 19%19% 16% 15% 13% 12% 12% 11% 11% 11% 9% 8% 6% 6% 3% Terminals 3% 2% 2% 0% Mundra Hazira Dahej Dhamra Kattupalli Krishnapatnam Gangavaram Logistics -2% -5% ROCE FY21 ROCE FY22 ROCE FY23 • ROCE continuously improving at matured ports with better capacity util

  49. Slide 49: FY24 Guidance

    APSEZ: FY24 Guidance FY24 Guidance Cargo 370 MMT – 390 MMT Revenue Rs 24,000 Cr – Rs 25,000 Cr EBITDA Rs 14,500 Cr – Rs 15,000 Cr Net Debt to EBITDA ~2.5x Capex Rs 4,000 Cr – Rs 4,500 Cr 41

  50. Slide 50: ESG Highlights

    F ESG Highlights STRICTLY CONFIDENTIAL

  51. Slide 51: ESG backed by assurance

    APSEZ: ESG backed by assurance Our Key ESG Commitments – Carbon neutrality by 2025 – Zero waste to landfill for 12 ports by 2025 – 60% Emission Intensity reduction by 2025 from 2016 – 5000 Ha Mangrove afforestation by 2025 Guiding Policies principle – Build/Tie up 300MW of Renewable electricity by 2

  52. Slide 52: ESG governance structure

    APSEZ: ESG governance structure Board Committees ESG Governance ▪ 7 committees with enhanced share of independent directors ✓Three committees with 100% independence ✓One committee with at least 75% independence ✓Three committees with at least 50% independence Board Level CRC, CSRC, SRC & RMC Indepen

  53. Slide 53: Key ESG performance highlights

    APSEZ: Key ESG performance highlights Indicator FY25 Target FY23 Energy & Emission RE share in total electricity# 14% Energy intensity reduction* 93% 100% Energy intensity reduction* 50% 46% Emission intensity reduction* 76% Emission intensity reduction* 60% 47% Water consumption intensity Water and

  54. Slide 54: ESG – Initiatives, awards and recognition

    APSEZ: ESG – Initiatives, awards and recognition ESG Initiatives Electrification of the E ITVs Introduction Integrated Management Conservation of Equipment's ✓ 338 nos of E ITVs in System Biodiversity ✓ Total Cranes operation across the sites ✓ Extension of IMS Electrification - 9 certification cove

  55. Slide 55: Enhancing the quality of life of our communities

    APSEZ: Enhancing the quality of life of our communities Key areas for CSR initiatives ▪ 0.96 Millions benefitted through our CSR initiatives ▪ Spent around Rs 300 crores in the last 5 years on signature programs of the CSR Initiatives Education Sustainable Livelihood Women & Youth Agriculture CSR Sp

  56. Slide 56: Adopted UN Sustainable Development Goals

    APSEZ: Adopted UN Sustainable Development Goals United Nations Sustainable Our Key Social Initiatives mapped to UNSDG Development Goals 2030 Health Andhra Pradesh, Gujrat, o MHCUs, Rural Clinics, Wellness Center, Health Camps, Special Health Camp, Medical support to 3. Good Health & Well-being Taman

  57. Slide 57: ESG rating

    APSEZ: ESG rating Moody’s 100 S&P (DJSI) 70 63 90 Good Good 60 50 80 40 33 68 70 30 60 55 57 20 10 50 0 2020 2022 40 2020 2021 2022 CDP – Climate Change & Water Security Good 50 Sustainalytics A A- 40 Management Level Good B 30 B- (21.1) Medium Risk (19.67) 4.52 score improvement Low Risk (16.87) in

  58. Slide 58: ESG rating

    APSEZ: ESG rating Moody Rating ✓ APSEZ ranked 1st among 59 Indian companies and 9th among 844 companies globally across sectors in Emerging Markets for their ESG performance in 2022 by Moody’s ✓ Scored in the 97 percentile among all of 4,885 companies analyzed by Moody’s globally ✓ APSEZ ranked 1st

  59. Slide 59: Annexures

    G Annexures STRICTLY CONFIDENTIAL

  60. Slide 60: Port wise cargo and financial details

    Port wise cargo and financial details STRICTLY CONFIDENTIAL

  61. Slide 61: Mundra port - volume and financials Q4 FY23

    APSEZ: Mundra port - volume and financials Q4 FY23 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin 3%  59% Q4 FY22 Q4 FY23 1,467 6.5 7.3 7.2 1,177 4.9 862 724 37 38 23.6 26.3 Dry Container Liquid (Inc Crude) Dry Container Liquid (Inc Crude) Revenue EBITDA Q4 FY 22 Q4 FY 23 • Volumes in

  62. Slide 62: Mundra port - volume and financials FY23

    APSEZ: Mundra port - volume and financials FY23 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA* EBITDA Margin 3%  FY23 5,620 63% FY22 26.7 4,688 26.3 28.8 29.4 3,558 3,000 150 155 99.3 95.1 Dry Container Liquid (Inc Crude) Dry Container Liquid (Inc Crude) Revenue EBITDA FY 22 FY 23 • Cargo increase

  63. Slide 63: Krishnapatnam port - volume and financials Q4 FY23

    APSEZ: Krishnapatnam port - volume and financials Q4 FY23 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA Port EBITDA Q4 FY22 Margin 69% 38%  Q4 FY23 661 0.2 0.3 0.6 0.4 470 454 9 13 289 8.9 11.9 Dry Container Liquid Dry Container Liquid Revenue EBITDA Q4 FY22 Q4 FY23 • Increase in coal volumes led

  64. Slide 64: Krishnapatnam port - volume and financials FY23

    APSEZ: Krishnapatnam port - volume and financials FY23 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA* Port EBITDA 2,341 FY22 FY23 Margin 68% 20%  1.5 1.5 1,882 2.4 1.6 1,582 1,297 40 48 36.3 45.1 Dry Container Liquid Dry Container Liquid Revenue EBITDA FY22 FY23 • Increase in cargo volumes was pri

  65. Slide 65: Dhamra port - volume and financials Q4 FY23

    APSEZ: Dhamra port - volume and financials Q4 FY23 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin 14% ↓ 381 395 57% Q4 FY22 Q4 FY23 0.7 0.2 236 226 8 7 7.7 6.9 Revenue EBITDA Dry Liquid Dry Liquid Q4 FY 22 Q4 FY 23 • Cargo volumes decreased across segments • Improved realizations aided

  66. Slide 66: Dhamra port - volume and financials FY23

    APSEZ: Dhamra port - volume and financials FY23 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA* EBITDA Margin 6% ↓ 1,574 1,592 63% FY22 FY23 1.4 3.8 962 996 33 31 29.7 29.8 Revenue EBITDA Dry Liquid Dry Liquid FY 22 FY 23 • Coal volumes increased, however was offset by reduction in minerals • EBITDA

  67. Slide 67: Hazira port - volume and financials Q4 FY23

    APSEZ: Hazira port - volume and financials Q4 FY23 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin Q4 FY22 4%  Q4 FY23 376 378 69% 1.0 1.2 281 2.2 259 6 2.8 6 2.0 2.8 Dry Container Liquid Dry Container Liquid Revenue EBITDA Q4 FY 22 Q4 FY 23 • Container and liquid volumes increased dur

  68. Slide 68: Hazira port - volume and financials FY23

    APSEZ: Hazira port - volume and financials FY23 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA 1,645 EBITDA Margin 1,542 72% FY22 2%  FY23 4.2 5.0 1,160 1,192 11.5 11.1 25 25 9.2 9.2 Dry Container Liquid Dry Container Liquid Revenue EBITDA FY 22 FY 23 • Volumes increased for liquid cargo, while dry

  69. Slide 69: Dahej port - volume and financials Q4 FY23

    APSEZ: Dahej port - volume and financials Q4 FY23 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA 130 EBITDA Margin Q4 FY22 16%  Q4 FY23 63% 108 0.4 0.8 82 71 2 2 1.2 1.9 Coal Other Dry Cargo Coal Other Dry Cargo Revenue EBITDA Q4 FY 22 Q4 FY 23 • Increased coal cargo volumes led to growth in port v

  70. Slide 70: Dahej port - volume and financials FY23

    APSEZ: Dahej port - volume and financials FY23 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin 41%  614 67% FY22 FY23 2.3 424 411 2.6 277 8 11 5.5 9.0 Coal Other Dry Cargo Revenue EBITDA Coal Other Dry Cargo FY 22 FY 23 • Growth in coal cargo led to increase in overall volumes. • Impro

  71. Slide 71: Kattupalli port - volume and financials Q4 FY23

    APSEZ: Kattupalli port - volume and financials Q4 FY23 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA 24%  85 EBITDA Margin Q4 FY22 Q4 FY23 64% 0.1 0.2 0.1 0.3 55 54 2 3 29 2.1 2.6 Dry Container Liquid Dry Container Liquid Revenue EBITDA Q4 FY 22 Q4 FY 23 • Increase in container cargo led to overal

  72. Slide 72: Kattupalli port - volume and financials FY23

    APSEZ: Kattupalli port - volume and financials FY23 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA 55%  EBITDA Margin 299 59% FY22 FY23 0.4 0.4 0.8 0.7 195 178 7 11 98 6.3 10.3 Dry Container Liquid Dry Container Liquid Revenue EBITDA FY 22 FY 23 • Container cargo increased during the year • Dry bul

  73. Slide 73: Terminals at major ports & Dighi - Q4 FY23

    APSEZ: Terminals at major ports & Dighi - volume & financials Q4 FY23 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin 2%  123 116 9% Q4 FY22 Q4 FY23 0.04 0.01 1.8 1.9 5 5 3.1 3.1 26 10 Dry Container Liquid Dry Container Liquid Revenue EBITDA Q4 FY 22 Q4 FY 23 • Volume increase is prima

  74. Slide 74: Terminals at major ports & Dighi - FY23

    APSEZ: Terminals at major ports & Dighi - volume & financials FY23 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA 547 EBITDA Margin 15%  466 23% FY22 FY23 0.08 0.04 7.0 8.2 18 21 12.8 128 105 11.2 Revenue EBITDA Dry Container Liquid Dry Container Liquid FY 22 FY 23 • Volume increase is primarily du

  75. Slide 75: Gangavaram port - volume & financials Q4 FY23

    APSEZ: Gangavaram port - volume & financials Q4 FY23 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA 371 EBITDA Margin Q4 FY22 13%  Q4 FY23 70% 307 259 3.0 3.2 198 8 9 4.5 5.6 Coal Other Coal Other Revenue EBITDA Q4 FY 22 Q4 FY 23 • Increase in coal volumes led to overall increase in cargo volumes d

  76. Slide 76: Gangavaram port - volume & financials FY23

    APSEZ: Gangavaram port - volume & financials FY23 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin 8%  FY23 1,529 66% FY22 1,206 1,014 12.2 11.5 796 30 32 17.8 21.0 Coal Other Coal Other Revenue EBITDA FY 22 FY 23 • Increase in cargo volume is due to increase in coal volumes while steel

  77. Slide 77: Adani Logistics and Harbour services- financials Q4 FY23

    APSEZ: Adani Logistics and Harbour services- financials Q4 FY23 (YoY, in INR Cr) Logistics Harbour Services EBITDA Margin EBITDA Margin 86% 533 25% 608 521 429 363 368 132 106 Revenue EBITDA Revenue EBITDA Q4 FY22 Q4 FY23 Q4 FY22 Q4 FY23 • Revenue improvement driven by cargo growth • Logistics reven

  78. Slide 78: Adani Logistics and Harbour services- financials FY23

    APSEZ: Adani Logistics and Harbour services- financials FY23 (YoY, in INR Cr) Logistics Harbour Services EBITDA Margin EBITDA Margin 86% 1,744 28% 2,419 2,086 1,208 1,797 1,548 487 320 Revenue EBITDA Revenue EBITDA FY22 FY23 FY22 FY23 • Logistics revenue increased on account of higher rail volume (u

  79. Slide 79: Consolidated financial performance – SEBI format

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  80. Slide 80: Thank You

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  81. Slide 81: Disclaimer

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