Adani Ports & Special Economic Zone Ltd · NSE:ADANIPORTS

Adani Ports & Special Economic Zone — Investor Presentation (March 2019)

36 slides from Adani Ports & Special Economic Zone's investor presentation, Mar 7, 2019

  1. Slide 1: Intimation of Analysts/Institutional Investor Meeting

    Ports and Logistics Ref No: APSEZUSECT/2018-19/121 March 7, 2019 BSE Limited National Stock Exchange of India Limited Floor 25, P J Towers, Exchange Plaza, Dalal Street, Sandra Kurla Complex, Mumbai - 400 001 Sandra (E), Mumbai - 400 051 Scrip Code: 532921 Scrip Code: ADANIPORTS Sub: Intimation of A

  2. Slide 2: Presentation – CIO Meet Mumbai 8th March 2019

    Presentation – CIO Meet Mumbai 8th March 2019

  3. Slide 3: Index

    Index Company Profile Strategy Operations and Future Outlook Financials and Future Outlook Annexures (AALL, 9M FY 19 Results, CSR, Sustainability) 2

  4. Slide 4: APSEZ - Proxy to India's Growth Story

    APSEZ - Proxy to India’s Growth Story • Largest commercial port developer and operator : 9 Ports in operation and 1 under construction Market Cap: US$9.9bn(2) • Deft Management Experience in regulated environment : Operating ports since 2001 • Operational Excellence with productivity, low-cost opera

  5. Slide 5: APSEZ: India's Largest Integrated Port And Logistics Player

    APSEZ: India’s Largest Integrated Port And Logistics Player Ten strategically-located “string of ports” along Indian coastline Multipurpose ports  On 31st Mar 2014 – 6 ports Bulk terminals Mundra : India’s largest Kilaraipur Container terminals  In FY 2015 – Acquisition of Dhamra commercial Inland

  6. Slide 6: Unique integrated operating model across the value chain

    Unique integrated operating model across the value chain Ports Logistics SEZ (At Mundra) –Concession assets with free –20 year license to operate Rails –Land bank of over 8,000 hectares pricing* –Integration between land bank and –Operating three ICDs port –Handling multi and complex cargo –Enhancin

  7. Slide 7: Strategy – Ports

    Strategy – Ports Existing Port Operations : • Ensure port operations continue to be resilient and handle all types of cargo. • Handle LNG/LPG at Mundra and Dhamra ports. • Handle Transshipment volume at Vizhinjam. • Develop additional need based capacities at our ports : Mundra : Additional containe

  8. Slide 8: Strategy - Adani Logistics

    Strategy - Adani Logistics Expanding logistics foot print across India : Logistics Solutions Multimodal logistics parks, warehousing, rail network and distribution. • Logistics Parks Warehousing Trains : Road Rail Operating 18 container trains, 16 more to be added to the fleet by Mar ’20. • Logistic

  9. Slide 9: Strategy – Finance

    Strategy – Finance Financial Policy : 1. Cash flow to be used for growth opportunities within the Capital Allocation Policy, which requires 16% pre tax Project IRR. 2. Rewarding share holders with increased payout as per Dividend Policy linked to PAT - Currently up to 15%. 3. Net Debt to EBITDA to b

  10. Slide 10: Operations

    Operations © Adani Group 2017 9

  11. Slide 11: Operations Outlook – FY19 to FY22

    Operations Outlook – FY19 to FY22 • Cargo volume CAGR of 11% , Container Volume CAGR of 15%-18% • Mundra to grow in high single digit. • Dhamra, Kattupalli, Hazira to grow in the range of 20%-25% per annum. • Twin Ports in Chennai, Vizhinjam, and Dhamra will lead container growth. • Commence LNG & L

  12. Slide 12: APSEZ – Cargo Volume

    APSEZ – Cargo Volume Total Cargo 290 -300 CAGR 12 % 205 170 180 144 152 113 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY 22 FY 21 FY 22 Container volume CAGR 21 % 8.75-9 5.7 5.1 4.2 2.9 3.3 2.4 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 Cargo in Mn MMT and Container volume in Mn Teu’s 11

  13. Slide 13: All India Cargo Volume

    All India Cargo Volume* *All India cargo CAGR 5% 1437 1182 1241 1073 1133 1052 973 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 *All India Container 23 CAGR 9% 17 15 14 12 12 11 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 *As per internal estimates Cargo in Mn MMT and Container vo

  14. Slide 14: Cargo Composition

    Cargo Composition Coal Container Crude Others 47% 46% 42% 41% 41% 41% 41% 37% 36% 33% 33% 33% 32% 32% 30% 29% 15% 15% 15% 14% 14% 14% 14% 13% 12% 12% 12% 12% 11% 10% 10% FY15 FY 16 FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 Balanced Cargo Mix Container to drive growth… 13 13

  15. Slide 15: Financials

    Financials Motherhood statement on APSEZ from a 3 year prospective © Adani Group 2017 14

  16. Slide 16: Financial Outlook – FY19 to FY22

    Financial Outlook – FY19 to FY22 • Consolidated revenue CAGR of 14%. • Consolidated EBITDA CAGR of 14%. • Port Revenue CAGR of 14% and Port EBITDA CAGR of 14%. • SEZ Port led development income of Rs 800-1000 Cr every year. (LNG and LPG terminals at Mundra and Dhamra) • Capex to be around Rs.2500 cr

  17. Slide 17: Thank You

    Thank You 16

  18. Slide 18: Annexures

    Annexures 17

  19. Slide 19: Recent Acquisition of Adani Agri Logistics Ltd. by ALL

    Recent Acquisition of Adani Agri Logistics Ltd. by ALL AALL –Market AALL – Creates Adani Logistics Leader Long Value Chain in – Combined Term Contracts increasing our Business and a High logistics Potential Margin footprint business  Pioneer in providing efficient  India’s largest player with 45%

  20. Slide 20: India Agri Logistics – Visible Pipeline of Opportunities

    India Agri Logistics – Visible Pipeline of Opportunities Silo Tenders Nabha (Punjab) Capacity: 0.05 MMT Punjab: AALL Qualified Bidder Tenders in Place 0.55 MMT Capacity: 2.1 MMT Timing: April 2019 Locations: 21 Tenders expected by Q2 CY 19 2.95 MMT Timing: Q2 CY19 Uchana (Punjab) Total 3.50 MMT Capa

  21. Slide 21: Near Term Synergy Potential for next 2-3 years

    Near Term Synergy Potential for next 2-3 years FY21/FY22 Incremental Capex Savings FY21 EBITDA • ALL to leverage rail sidings for PFTs# Leverage Rail • 5 potential sites identified – 20% of ALL’s target 75-100 Cr Sidings for PFT for next few years • Use sidings to handle 3rd party cargo • Additional

  22. Slide 22: Realizing Synergies – Taloja (Navi Mumbai)

    Realizing Synergies – Taloja (Navi Mumbai) Warehouse Planned Land for PFT Existing Silos Existing Rail Siding • Plan to utilize Surplus Land for creating 20,000 Sqm Warehouse • Industries: Chemicals and Auto • Future PFT planned 21

  23. Slide 23: Combined Business Potential – EBITDA Progression

    Combined Business Potential – EBITDA Progression (INR Crores) 375 311 26 248 52 71 170 99 Existing Incremental Existing New Silo New AALL AALL AALL Contracts FY20 EBITDA from Contracts Business Warehousing FY22E FY23E FY24E Existing FY22E Business Contracts 22

  24. Slide 24: Debt Position – As on 30th September 2018

    Debt Position – As on 30th September 2018 Net Debt Debt Maturity profile Description Sept'2018 Mar'2018 Var Long Term Borrowings 20,452 20,629 (176) 9% 36% 21% 34% Short Term Borrowings 2,374 1 2,372 Current Portion of Long Term Borrowings 1,659 802 857 9% 2% Gross Debt 24,485 21,432 3,054 18% 9% 19

  25. Slide 25: 9M FY19 Operational and Financial Highlights

    9M FY 19 Operational and Financial Highlights © Adani Group 2017 24

  26. Slide 26: Operational Highlights – 9M FY19

    Operational Highlights – 9M FY19 (YOY) • Throughput volume of 154 MMT. • Cargo Volume growth of 14% against All India Ports growth of 5% and Major ports growth of 4% . • Growth across all ports, regions and segments of cargo. • Western ports grew by 15 % - Mundra the flag ship port grew by 10% achie

  27. Slide 27: Revenue – Segment Wise Break up 9M FY19

    Revenue – Segment Wise Break up 9M FY19 (Rs. In Cr.) 9M FY 18 9M FY 19 306 141 320 166 604 435 409 1,643 5,446 6,514 Ports SEZ Logistics Australia Other revenue Ports SEZ Logistics Australia Other revenue Total Revenue – Rs. 8,140 cr Total Revenue – Rs. 7,843 cr Port Revenue – Rs. 5,446 cr Port Reve

  28. Slide 28: EBIDTA - Segment Wise Break up 9M FY19

    EBIDTA* - Segment Wise Break up 9M FY19 (Rs. In Cr.) 9M FY 18 9M FY 19 62 30 141 64 14 166 330 1,208 3,836 4,561 Ports SEZ Logistics Australia Others Ports SEZ Logistics Australia Others Total EBIDTA – Rs. 5,214 cr Total EBIDTA – Rs. 5,135 cr Port EBIDTA – Rs. 3,836 cr Port EBIDTA – Rs. 4,561 cr Tot

  29. Slide 29: Key Ports & Logistic Vertical Performance 9M FY19

    Key Ports & Logistic Vertical Performance 9M FY19 (P) (Rs. In Cr.) Mundra Hazira Dahej Dhamra Kattupalli / MIDPL Particulars 9M'19 9M'18 9M'19 9M'18 9M'19 9M'18 9M'19 9M'18 9M'19 9M'18 Cargo (MMT) 101.21 91.94 14.87 12.39 6.92 5.34 14.92 15.65 6.53 5.56 Operating Revenue 3,742 4,589 827 704 318 255

  30. Slide 30: Consolidated Financial Performance – SEBI Format

    Consolidated Financial Performance –SEBI Format (Rs. In Cr) Quarter Ended Nine Months Ended Year Ended Sr December 31, September 30, December 31, December 31, December 31, March 31, Particulars No 2018 2018 2017 2018 2017 2018 Unaudited Unaudited Audited 1 Income a. Revenue from Operations 2,823.91

  31. Slide 31: Corporate Social Responsibility & Sustainability Initiatives

    Corporate Social Responsibility & Sustainability Initiatives © Adani Group 2017 30

  32. Slide 32: APSEZ - CSR Initiatives

    APSEZ - CSR Initiatives 5.65 1.15 6.63 0.70 14.29 12.02 7.21 5.94 3.79 13.30 6.16 12.46 20.80 19.58 16.09 FY15-16 FY16-17 FY17-18 Environment / Disaster Management / Sports Rural Infrastructure Development Sustainable Livelihood Development Community Health Education 31

  33. Slide 33: Corporate Social Responsibility – Major Initiatives

    Corporate Social Responsibility – Major Initiatives 1) SAKSHAM: • Aims to make 3 lakh Indian youth skilled by 2022. ASDC has more than 30 centres across the nation for facilitating skill development through various courses. 5027 aspirants enrolled under various ASDC courses, new projects 2) Udaan: •

  34. Slide 34: Corporate Social Responsibility

    Corporate Social Responsibility Truck carrying Kerala Flood Relief material flagged-off by Minister for Ports Sh. Ramachandran Kadannapally at Vizhinjam State Finance & Excise Minister Shri Shashi Cheque for Kerala Flood Relief and Bhusan Behera handing over the award to Adani Rehabilitation being h

  35. Slide 35: Our Sustainability Initiatives

    Our Sustainability Initiatives Released 3rd Sustainability Report for FY 2017-18 https://www.adaniports.com/docs/APSEZ_Sustainability_Report_FY_2017-18 Continued focus on emission, cleaner energy and bio-diversity. Emission: - CDP registration for APSEZ and subsidiaries Energy: - Initiated for renew

  36. Slide 36: Disclaimer

    Disclaimer Certain statements made in this presentation may not be based on historical information or facts and may be “forward-looking statements,” including those relating to general business plans and strategy of Adani Ports and Special Economic Zone Limited (“APSEZL”),the future outlook and grow

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