Adani Energy Solutions Ltd · NSE:ADANIENSOL
Adani Energy Solutions — Adani Transmission — Investor Presentation (February 2022)
28 slides from Adani Energy Solutions's investor presentation, February 2022
Slide 1: Adani Transmission Limited Equity Presentation
Adani Transmission Limited Equity Presentation February 2022
Slide 2: Contents
CONTENTS 04-07 Adani Group and ATL 04 Company Profile, Growth, 09-23 ESG and Value Creation 09 25-26 Annexure - Asset Portfolio 25
Slide 3: Adani Group and Adani Transmission
Adani Group and Adani Transmission
Slide 4: Adani: A world class infrastructure & utility portfolio
Adani: A world class infrastructure & utility portfolio Transport & Logistics Portfolio Adani Energy & Utility Portfolio Adani 100% 75% • Marked shift from B2B to 63.8% 61.3% B2C businesses – APSEZ ATL AGEL NQXT2 • ATGL – Gas distribution Port & Logistics T&D Renewables network to serve key 100% 75%
Slide 5: Adani: Decades long track record of industry best growth rates across sectors
Adani: Decades long track record of industry best growth rates across sectors Transmission Network (ckm) Port Cargo Throughput (MMT) Renewable Capacity (GW) CGD7 (GAs8 covered) 45% 21% 132% 12% 1.5x 3x 30% 3x 5x 7% 4% 25% Industry ATL Industry APSEZ Industry Adani AGEL Industry AGL 2016 320,000 ckm
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 Analysis & market Site acquisition Engineering & design Life cycle O&M Redesigning the capital intelligence planning str
Slide 7: A platform well-positioned to leverage growth opportunities in T&D business
ATL: A platform well-positioned to leverage growth opportunities in T&D business Execution Prowess Strategic Presence Balanced pool mix Transmission Network of Transmission - Presence in 13 states Transmission (FY21): Development with 31 transmission projects 18,567 ckm(1) 51% of EBITDA - Central po
Slide 8: Company Profile, Growth, ESG and Value Creation
Company Profile, Growth, ESG and Value Creation
Slide 9: ATL at a Glance
ATL at a Glance Contracted Assets in ROA Assets in Transmission and Distribution Business Transmission Business 100%1 25.1% 100% 100% 74.9% TBCB(2) Assets Transmission HVDC AEML Assets Transmission line 16 Operating 10 Under-construction TBCB(2) assets TBCB(2) Assets 4 Operating Distribution busines
Slide 10: Transmission business at a Glance
ATL: Transmission business at a Glance TBCB – Contracted Transmission Assets with Fixed Tariff (Sec. 63) ROA - Transmission Assets (Sec. 62) 35 yrs + 30 yrs of 35 yrs + 30 yrs remaining life of Network Pool Asset Life Asset Life Counterparty remaining life asset Function of line Counterparty Network
Slide 11: Distribution (AEML) business at a Glance
ATL: Distribution (AEML) business at a Glance Consumer-facing Integrated Utility (AEML) Key Characteristics HVDC Transmission Asset (Mumbai) Consumer Counterparty Consumers 3.04 million base Return on Assets Fixed Type of Regulated Perpetual (ROA -Section 62) Return Asset Life Asset Asset (Sec. 62)
Slide 12: Transformation nature and journey thus far
ATL: Transformation nature and journey thus far Key Benchmarks Milestones achieved • Scale and Wider Presence (largest private sector • ATL has grown ~3x in a span of 5 years on Transmission network and has presence Operations Transmission and Distribution player in India) in 12 states of India • Wo
Slide 13: Operational and Execution Excellence
ATL: Operational and Execution Excellence Robust Transmission and Transmission business - Average Distribution business - Supply Distribution Network System Availability % Reliability (ASAI) % 3 mn+ Operational excellence 3 mn+ 3 mn+ 17,276 99.9% 99.8% 99.8% 99.9% 99.990% 99.990% 99.992% 99.993% 14,
Slide 14: Growth Levers in T&D Space
ATL: Growth Levers in T&D Space Regulated growth opportunities Opportunity Set in Transmission Opportunity Set in Distribution AEML: ATL geared to fully leverage opportunities ▪ ATL’s existing TBCB pipeline of ▪ Continuous consumer addition via for disciplined growth 10 projects worth ~Rs. 115 bn af
Slide 15: Size of Transmission Opportunity for Private Players is ~Rs. 2.3 trillion
ATL: Size of Transmission Opportunity for Private Players is ~Rs. 2.3 trillion worth projects over FY21-30 Transmission Lines and Transformation Capacity to Grow…. …requiring Rs. 8.2 tn/ USD 117 bn of investment (1) Transmission Lines (‘000 ckm)1 Expected Investment Over Next 10 Years 230/220 kV 400
Slide 16: AEML: Value accretive to ATL and positioned towards future growth
AEML: Value accretive to ATL and positioned towards future growth in Distribution sector ATL’s EBITDA and FCF before AEML acquisition ATL’s EBITDA and FCF post AEML acquisition (In Rs. Crs) • Cashflow profile of ATL has 5,066 changed dramatically post 4,519 acquisition of AEML 2,937 3,113 2,770 • Se
Slide 17: Robust ESG Framework
ATL: Robust ESG Framework United Nations GHG Protocol SBTi Global Compact Guiding IR framework Policies Guiding Principles and TCFD CDP disclosure principle reporting Disclosure Standards UN Sustainable GRI Standards Development Goals Policy Structure Focus Areas ESG • Environment Policy UNSDG align
Slide 18: Progressing on Environmental and Climate Commitments
ATL: Progressing on Environmental and Climate Commitments Indicators Progress and Status: 9MFY22 Medium to Long-term Targets Energy Mix & Emission Intensity AEML has tied up a hybrid (Solar +Wind) 700 RE share in power procurement 30% by FY23 60% by FY27 MW PPA The target for GHG emissions reduction
Slide 19: Social Philosophy
ATL: Social Philosophy Our social Initiatives are mapped to UNSDG 2030 • Physical infrastructure and e-learning platform in rural areas Access to Education • Educational Kits (2830 students benefited) & School Uniforms Tiroda, Dahanu and to Anganwadi children (5780 students benefited) 1. No Poverty
Slide 20: Governance Philosophy
ATL: Governance Philosophy Policies Committees Assurance • Corporate Responsibility Committee • Environment Policy covered in BR Policy • Risk Management Committee Corporate Responsibility Committee • Corporate Social Responsibility Policy • Corporate Social Responsibility Committee • Occupational H
Slide 21: Long-term value creation
ATL: Long-term value creation Delivering solid EBITDA growth Efficient and Optimal Capital Allocation Locked-in growth for next 3-5 years Operational EBITDA (Rs. Crs) 4,233 Transmission growth 4,055 FY16 FY21 • Ten under-construction TBCB projects worth 2,857 1,659 Rs. 115 bn to increase annual tari
Slide 22: Compelling Investment Case
ATL: Compelling Investment Case Infrastructure • Pedigree of Adani Group: leader in infrastructure –transport, logistics, energy and utility space lineage • Proven track record of excellence in development & construction World-class • Robust operational metrics - line availability, supply reliabilit
Slide 23: Board and Management Team
ATL: Board and Management Team Managing Strong Sponsorship Independent Directors Director Mr. Gautam S. Adani Mr. Rajesh S. Adani Mr. Anil Sardana Mr. K. Jairaj Dr. Ravindra H. Mrs. Meera Shankar Ms. Lisa MacCallum (Chairman) (MD and CEO) Dholakia Skilled and Experienced Management Team Mr. Anil Sar
Slide 24: Annexure – Asset Portfolio
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Annexure – Asset Portfolio 14
Slide 25: ATL's Evolution and Operational Asset Portfolio as of 9MFY22
ATL’s Evolution and Operational Asset Portfolio as of 9MFY22 Adani Transmission Limited ATL’s Transmission Network (ckt km) has grown 3.4x and expanded in Distribution business 100% 100% 100% 75% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% ATL’s “Grid-to-Switch” Integrated Platform ATSCL
Slide 26: ATL's Under-construction Asset Portfolio as of 9MFY22
ATL‘s Under-construction Asset Portfolio as of 9MFY22 Adani Transmission Limited 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Obra-C WRSS – Lakadia MP Kharghar Jam Kham- NKTL Banas- WKTL HVDC# Khavda Karur Badaun XXI (A) baliya Package II - Vikhroli kantha North Obra Lakadia - Lakadia- Jam
Slide 27: Legal Disclaimer
Legal Disclaimer The information contained in this presentation is provided by Adani Transmission Limited (together with its subsidiaries, the “Company” or “ATL”) to you solely for your reference and for information purposes only. This presentation is highly confidential and is being given solely fo
Slide 28: Thank You
adani Transmission adani Transmission Thank You -¢
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