Adani Ports & Special Economic Zone Ltd · NSE:ADANIPORTS
Adani Ports & Special Economic Zone — Shareholder Meeting (June 2026)
33 slides from Adani Ports & Special Economic Zone's shareholder meeting presentation, Jun 24, 2026
Slide 1: Annual General Meeting Presentation
Adani Ports and Special Economic Zone Limited Annual General Meeting Presentation 24th June 2026
Slide 2: APSEZ equity story
APSEZ equity story 1 Scaling infrastructure, compounding value STRICTLY CONFIDENTIAL
Slide 3: Four pillars defining APSEZ's investment case
APSEZ – Indian’s largest & amongst the world’s fastest growing integrated transport platform Four pillars defining APSEZ’s investment case 1. Scale + Integration 2. Capability + Capacity 3. India growth momentum 4. Profitable growth • 15 multi-commodity ports • Tech-led revenue uplift and • Direct b
Slide 4: Scale + Integration
Scale + Integration 2 APSEZ asset footprint: (1) Ports, (2) Logistics, (3) Marine STRICTLY CONFIDENTIAL
Slide 5: Integrated shore-to-door asset footprint
APSEZ’s asset footprint offers integrated “shore-to-door” capabilities APSEZ leverages a multi-modal asset network that delivers comprehensive last-mile transport solutions to customers FY26A FY31 target Trains & Tracks Multi-Modal Logistics Parks Marine services Ports 132 → 200 rakes 12 → 16 MMLPs
Slide 6: APSEZ operates ports across India's coastline and key global trade routes
APSEZ operates Ports across India’s coastline, overseas ports are located along key global trade routes India presence across West, East & South coasts; Total Capacity - 653 MMT Strategically located ports along the East–West trade route 355 MMT West coast port capacity 158 MMT South coast port capa
Slide 7: Logistics network covers 95% of India's hinterland
APSEZ’s Logistics network covers 95% of India’s hinterland Pan-India network connects Ports to consumption centers across India via fleet of fixed and rolling assets Logistics asset footprint Our facilities are close to the Western & Eastern DFCs and the proposed 12 MMLPs East Coast DFC Located near
Slide 8: Marine business: Three platforms, one integrated strategy
Marine business: Three platforms, one integrated strategy Platform #1 Platform #2 Platform #3 Ocean Sparkle Limited Astro Offshore TAHID • Port towage operations in the GCC region • India’s #1 marine services company with 70%+ • Integrated offshore services in MEASA region market share since 2009 •
Slide 9: Land bank near ports and industrial clusters
Our land bank near ports and industrial clusters is a business enabler SEZ land bank Strategic investment in landbank near industrial clusters APSEZ ports benefit from cargo MMLPs present in proximity of industrial generated by export / import-focused clusters will promote economic activity industri
Slide 10: Capability + Capacity
Capability + Capacity 3 Organizational transformation, partnerships, balance sheet strength STRICTLY CONFIDENTIAL
Slide 11: Technology as strategic differentiator and competitive moat
APSEZ’s approach to leverage technology as a strategic differentiator & competitive moat… Advanced digital layer integrates all business processes and physical assets International Freight Network Services Marine services Ports Trains & Tracks MMLPs Warehouses Trucks Customer gate Automated containe
Slide 12: Capability: Layers + Partnership
Capability: 3 Layers + Partnership • APSEZ team will focus on strategic and planning activities Core objectives • Operational activities being handled by expert partners APSEZ structure going forward APSEZ corporate 2-3 layers of hierarchy office Strategic & planning activities APSEZ site 2-3 layers
Slide 13: Tailored skill building programme driven by business needs
Capability: Tailored skill building programme driven by business needs • Training youth in industry-relevant skills linked to real job opportunities. • Closely aligned with APSEZ’s operational needs, preparing candidates for roles in ports, logistics, and industrial services. • By building a skilled
Slide 14: Strategic partnerships with leading global players
Strategic partnerships with leading global players Strategic partnerships Shipping lines Cargo owners International partners Adani International Container Terminal Haifa Port Company (HPC) Pvt Ltd (AICTPL) APSEZ stake – 70% Dhamra LNG Terminal Pvt Ltd APSEZ stake – 50% APSEZ stake – 50% Colombo West
Slide 15: FY26 Performance Snapshot
FY26 Performance Snapshot 4 All-round growth STRICTLY CONFIDENTIAL
Slide 16: Robust performance in FY26
APSEZ: Robust performance in FY26 APSEZ crossed 500MMT annual cargo milestone in FY26 (₹ Cr) (YoY) Operating Revenue PBT PAT 31,079 25% 38,736 13,030 14% 14,849 11,061 16% 12,782 EBITDA Net Cash Flow from Operations 19,025 20% 22,851 17,226 18% 20,356 The Board has recommended a dividend of ₹7.5 per
Slide 17: Consistently increasing RoCE
Consistently increasing RoCE 2 APSEZ (Consolidated)1 Domestic ports Marine 16% 23% 15% 21% 13% 19% 14% 12% 15% 13% 13% 12% FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 Logistics International ports1 10% 8% 6% 6% 6% 6% 5% FY23 FY24 FY25 FY26 FY24 FY25 FY26 1. FY26 RoCE excludes NQXT si
Slide 18: Balance sheet strength recognized by rating agencies
Our balance sheet strength is recognized by global and domestic rating agencies Global rating agencies Domestic rating agencies Baa3 / Stable AAA / Stable BBB- / Positive AAA / Stable BBB- / Stable AAA / Stable A- / Stable AAA / Stable BBB+ / Stable 18
Slide 19: India growth momentum
India growth momentum 5 Translates into multi-year growth for APSEZ STRICTLY CONFIDENTIAL
Slide 20: India's macro story will continue to drive cargo volumes
India’s macro story will continue to drive all-India cargo volumes • India is poised to be a $5tn economy by 2028 & world’s 3rd largest economy by 2031 • 95% of India’s trade by volume & 70% by value is via sea route Four important levers contribute substantially to India’s growth and manifest in hi
Slide 21: Profitable Growth
Profitable Growth 6 Resulting in consistent YoY RoCE improvement STRICTLY CONFIDENTIAL
Slide 22: APSEZ FY31 guidance: All-round growth in Ports, Logistics and Marine
APSEZ FY31 guidance: All-round growth in Ports, Logistics and Marine APSEZ consolidated forecast Revenue (₹ Cr) EBITDA (₹ Cr) Net cash flow from operations (₹ Cr) 91,500 52,000 46,800 38,736 22,851 20,358 12,550 8,063 7,556 FY21 FY26 FY31F FY21 FY26 FY31F FY21 FY26 FY31F Segment-wise growth forecast
Slide 23: Increase domestic ports capacity to 1bn tonne by 2030
APSEZ will increase domestic ports capacity to 1bn tonne by 2030, cargo volume to reach 850 MMT • 60%+ of incremental domestic port capacity will focus on container cargo (EXIM + transshipment containers) • Container is APSEZ’s fastest growing cargo category (16% CAGR in container volumes during FY2
Slide 24: Disciplined capital allocation will drive ~1% RoCE expansion every year
Disciplined capital allocation will drive ~1% RoCE expansion every year Systematic approach to capital allocation… …resulting in consistent YoY RoCE improvement 1 Annual operating cash flow 25% 20% 60-70% organic capex 20% 16% Investment across Ports, Logistics, Marine 15% 15% 13% 12% Strategic M&A
Slide 25: Sustainability
Sustainability 7 At the core of our operations STRICTLY CONFIDENTIAL
Slide 26: Decarbonization track record supports Net Zero 2040
Decarbonization and sequestration track record supports Net Zero 2040 & Biodiversity Net Positive by 2050 Environmental performance & commitments Net Zero transition pathway – Net positive impact on key elements biodiversity pathways Net Zero Net Positive Impact on 100% Renewable • Transitioning to
Slide 27: Social responsibility in action
Social responsibility in action - Employees, customers, suppliers, communities & wellbeing LTIFR reduction by Stakeholder engagement Strengthening community 24% with over doubled relationships cargo operations • Customer meets with 500+ partners to deepen relationship and align offerings • 8 lakh li
Slide 28: Commitment to best-in-class corporate governance standards
Strong commitment to best-in-class corporate governance standards 100% Chaired Board of Directors IDs by IDs Independent Directors (IDs) Statutory Committees 50% + Audit Comprised of only Independent Directors Nomination & Remuneration Stakeholder Relationship 100% of Statutory Committees Corporate
Slide 29: Group profile
Group profile 8 World class infrastructure & utility portfolio STRICTLY CONFIDENTIAL
Slide 30: Adani Portfolio: A World Class Infrastructure & Utility Portfolio
Adani Portfolio: A World Class Infrastructure & Utility Portfolio Flagship Infrastructure & Utility Core Portfolio Primary Industry Other Incubator Materials, Metal Energy & Utility Transport & Logistics Specialty & Mining (74.67%) (62.43%) (74.96%) (68.02%) (67.64%)2 AEL AGEL APL APSEZ Ports & Logi
Slide 31: Adani Portfolio: Best-in class growth with national footprint
Adani Portfolio: Best-in class growth with national footprint All figures in INR cr Predictable, high and rising free cash flow National footprint with deep coverage EBITDA Tax paid 94,834 Finance cost paid CAT (FFO) 67,995 (72%) EBITDA 24,870 AEL 12,784 APSEZ (51%) 22,259 Adani’s Core Infra. AGEL (
Slide 32: Adani Portfolio: Repeatable, robust & proven model of investment
Adani Portfolio: Repeatable, robust & proven transformative model of investment DEVELOPMENT1 OPERATIONS CONSUMERS 2 New C.E.O. Adani Infra (India) Limited | Cemindia Projects Ltd. | PSP Projects Ltd. Operations (AIMSL) Consumer I Employees I Other Stakeholders Origination Site Development Constructi
Slide 33: Thank You
Growth adar Goodness adan Ports and Logistics Thank You
Adani Ports and Special Economic Zone — Shareholder Meeting (June 2026) on 6ix