Adani Ports & Special Economic Zone Ltd · NSE:ADANIPORTS
Adani Ports & Special Economic Zone — Q4 FY2024 Earnings Presentation
85 slides from Adani Ports & Special Economic Zone's earnings presentation, May 2, 2024
Slide 1: Exchange submission cover letter
Ref No: APSEZL/SECT/2024-25/14 May 2, 2024 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 Inves
Slide 2: APSEZ FY24 net profit jumps 50%
Annexue A Media Release APSEZ FY24 net profit jumps 50% Delivers 3x the India cargo growth rate and a record volume of 420 MMT ❖ Volume grew 24% Y-o-Y to 420 MMT ❖ Revenue grew by 28% Y-o-Y to reach record high of Rs 26,711 Cr ❖ EBITDA jumps 44% Y-o-Y to Rs 15,751 Cr ❖ PAT increased by 50% Y-o-Y to
Slide 3: Operational Highlights
Operational Highlights ❖ In FY24, APSEZ handled ~27% of the country’s total cargo and ~44% of container cargo ❖ APSEZ domestic cargo volumes grew by 21% Y-o-Y vs 7.5% growth in India’s cargo volumes in FY24 ❖ Even after excluding the two newly added ports (Haifa – Jan’23 & Karaikal – Mar’23), APSEZ
Slide 4: Business Highlights
developer to be rated AAA ❖ S&P and ICRA upgraded company outlook from ‘negative’ to ‘stable’ during the year Business Highlights: ❖ With acquisition of Gopalpur and Karaikal ports, the total count of ports in the India portfolio increases to 15 ❖ Entered into strategic partnership with MSC by formi
Slide 5: ESG highlights and awards
❖ TCFD ranked APSEZ 1st in the sub industry disclosures of marine ports ❖ APSEZ received the 1st ranking in the sector globally across emerging markets on ESG Assessment by Moody’s. Also, receives the ‘Advanced’ status in Moody’s Energy Transition Rating. ❖ APSEZ is targeting Net Zero by 2040. Durin
Slide 6: About Adani Ports & Special Economic Zone Ltd
About Adani Ports & Special Economic Zone Ltd Adani Ports and Special Economic Zone Ltd (APSEZ), a part of the globally diversified Adani Group, has evolved from a port company to an Integrated Transport Utility providing an end- to-end solution from its port gate to customer gate. It is the largest
Slide 7: Operational & Financial Highlights – Q4 & FY24
Annexure B Operational & Financial Highlights – Q4 & FY24 Adani Ports and SEZ Ltd.
Slide 8: Table of Contents
Table of Contents A Adani Portfolio Overview B APSEZ Company Profile C Market Leadership D Catalysts Driving Market Leadership Position E Strategic, and Operational Highlights FY24 F Financial Highlights Q4 & FY24 G ESG Highlights H Annexures 2
Slide 9: Group Profile
A Group Profile STRICTLY CONFIDENTIAL
Slide 10: Adani Portfolio: A World class infrastructure & utility portfolio
Adani Portfolio: 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 (72.6%) (56.4%) (73.2%) (65.9%) (100%) (66.7%) AGEL AESL APSE
Slide 11: 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 6 Growth 4x 6 EBITDA 70% 1,2 EBITDA 92% 1,4 AEL APSEZ Growth 3x 6 Growth 1.4x 6 AGEL ATGL Adani’s Core Infra. Platfo
Slide 12: Adani Portfolio: Repeatable, robust & proven transformative model
Adani Portfolio: Repeatable, robust & proven transformative model of investment Phase Development Operations Post Operations Center of Excellence Project Management & Assurance Group (AIIL) AIMSL1 Policy -Strategy - Risk Origination Site Development Construction Operation Capital Mgmt Activity • Ana
Slide 13: APSEZ: Company Profile
B APSEZ: Company Profile STRICTLY CONFIDENTIAL
Slide 14: Transformational business model
APSEZ: Transformational business model Ports SEZ Logistics • National footprint with 15 ports • Largest integrated logistics player in • Large scale ‘ready to setup’ industrial across country’s coastline, & India land (SEZ) Development presence across 4 ports outside India • Rail, Trucking, MMLPs, a
Slide 15: A transport utility with string of ports and integrated logistics network
APSEZ: A transport utility with string of ports and integrated logistics network Movable assets Tugs – 111 Dredgers - 28 Trains – 127 Trucks – 900 E-ITVs – 338 xcvzcxvzxcv Moga Dahej Kanech Kotkapura Kilaraipur Kaithal Panipat One to 15 in two Tauru Dhamora decades Tuna Patli & Samastipur & Kannauj
Slide 16: India's largest private port player, building global presence
APSEZ: India’s largest private port player, building global presence West Coast East Coast Capacity Capacity ~355 MMT ~272 MMT Dahej 16 MMT Tuna 14 MMT Mundra 264 MMT ^Haldia 4 MMT Dhamra Hazira 50 MMT 30 MMT Gopalpur 20 MMT Dighi Gangavaram Container Terminals 8 MMT 64 MMT Bulk Terminals Krishnapat
Slide 17: SEZ business supporting industry growth in backyard of the ports
APSEZ: SEZ business supporting industry growth in backyard of the ports Dhamra Industrial Zone Land Bank: 2,000+ Ha India’s largest SEZ at Mundra Mundra Land Bank 12,500+ Ha Dhamra Krishnapatnam Industrial Zone Krishnapatnam Land Bank: ~2,000+ Ha All land figures are approx. and include Port, SEZ an
Slide 18: Logistics business – asset additions to accelerate
APSEZ: Logistics business – asset additions to accelerate Marine Flotila Rail Tracks Trains MMLPs Grain Silos Warehousing Trucking Assets 540 58 5 0.88 0.4 mn FY20 26 - KMs Trains MMLP MMT Sq. ft. 690 127 12 1.2 2.4 mn 900 FY24 111 Sq. ft. Trucks KMs Trains MMLP MMT 1.3X ~3X ~2.5X ~2X ~8X ~8X ~5.5X
Slide 19: Market leadership
C Market leadership STRICTLY CONFIDENTIAL
Slide 20: Growing market share
APSEZ: Growing market share All India and APSEZ Cargo Volumes Market Share of APSEZ (%) 30% 27% 25% 20% 15% 10% 10% 5% 1% 0% FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 Market share growth driven by operational excellence, cargo
Slide 21: Long term growth way ahead of the industry
APSEZ: Long term growth way ahead of the industry All India Cargo Throughput All India and APSEZ Domestic Cargo Volumes 1,600 1,539 1,500 Cargo Volumes (MMT) 1,400 1,282 1,500 1,300 1,200 1,350 1,100 1,200 973 1,000 1,050 900 900 FY14 FY19 FY24 750 All India Cargo (MMT) 600 450 500 408 300 400 150 3
Slide 22: Strong cashflow generation
APSEZ: Strong cashflow generation Revenue from operations (Rs Cr) EBITDA (Rs Cr) Net Cash Generated from Operations (Rs Cr) 30,000 18,000 16,000 15,018 26,711 15,864 16,000 14,000 25,000 14,000 12,000 20,000 12,000 10,000 10,000 15,000 8,000 10,925 8,000 7,067 6,029 6,000 10,000 6,000 4,000 4,830 4,
Slide 23: EBITDA margin expansion across both ports and logistics business
APSEZ: EBITDA margin expansion across both ports and logistics business Domestic Ports EBITDA (Rs Cr) Logistics EBITDA (Rs Cr) 16,000 14,907 600 540 14,000 500 12,000 10,000 400 8,000 6,053 300 6,000 200 4,000 2,061 90 2,000 100 - - FY14 FY19 FY24 FY19 FY24 Domestic Ports EBITDA Margin % Logistics E
Slide 24: Catalysts Driving Market Leadership Position
D Catalysts Driving Market Leadership Position STRICTLY CONFIDENTIAL
Slide 25: Establishing new benchmarks on operational efficiency
APSEZ: Establishing new benchmarks on operational efficiency Average Turnaround Time (days) for Ships 3.5 3.0 2.5 2.0 1.5 1.0 0.5 - FY18 FY19 FY20 FY21 FY22 FY23* Major Ports APSEZ • APSEZ has been driving transformation of India’s port sector by establishing new operational benchmarks; currently, o
Slide 26: Geographical & cargo diversification
APSEZ: Geographical & cargo diversification Growing share of non Mundra Cargo Domestic Cargo Diversification 11% 34% 408 56% Non Mundra ports MMT volume CAGR 34% 89% from FY14 66% 44% 208 36% MMT FY14 FY19 FY24 Mundra Non-Mundra 113 MMT East Coast – West Coast Parity 32% 15% 43% FY14 FY19 FY24 FY14
Slide 27: Strategic partnerships & proximity to customers
APSEZ: Strategic partnerships & proximity to customers Strategic Partnerships Sticky Cargo Share Year Company Name Partner & Stake Adani International MSC 408 2011 Container (50%) Terminal Pvt Ltd 56% 54% Adani CMA Mundra 337 CMA-CGM 49% 2014 Terminal 312 (50%) Pvt Ltd Dhamra LNG Terminal Total Ener
Slide 28: Quality assets
APSEZ: Quality assets Top 10 ports of India include Mundra & Key characteristics of Mundra & Krishnapatnam Krishnapatnam FY09 FY14 FY19 FY24 • Mundra & Krishnapatnam are some of the Kandla Sikka Mundra Mundra deep draft water ports (17-18m depth) in the Sikka Mundra Sikka Paradip APSEZ portfolio Viz
Slide 29: Digital platforms providing end-to-end connectivity
APSEZ: Digital platforms providing end-to-end connectivity • Our Integrated Transport Utility Platform (ITUP) has enabled improved efficiency across different segments of port operations • Our Control and Command Center for the logistics business is enabling volume growth and improved EBITDA margins
Slide 30: Strategic, and Operational Highlights FY24
E Strategic, and Operational Highlights FY24 STRICTLY CONFIDENTIAL
Slide 31: Strategic Highlights – FY24 (Ports & Marine Services)
APSEZ: Strategic Highlights – FY24 Ports & Marine Services • APSEZ acquired Gopalpur Port, and Karaikal Port • Established a joint venture (JV) with MSC for Ennore Container Terminal by divesting 49% stake for an equity consideration of Rs 247 Cr • Dhamra LNG Terminal (a JV of APSEZ and TOTAL Energi
Slide 32: Strategic Highlights – FY24 (Logistics)
APSEZ: Strategic Highlights – FY24 Logistics • Rakes: • Total rakes count increased to 127 (Container: 63, GPWIS: 54, Agri: 7, AFTO: 3) from 93 as of FY23 end • Orders placed for 4 more container rakes • MMLPs: • MMLP count increases to 12 with the addition of Loni ICD, Valvada ICD and Virochannagar
Slide 33: Operational Highlights – FY24
APSEZ: Operational Highlights – FY24 Ports & Marine Services • In FY24, APSEZ handled ~27% of the country’s total cargo and ~44% of container cargo • Overall, cargo volumes recorded a healthy 24% YoY growth to 420 MMT, with • Dry cargo volumes growing by 29%, container cargo by 20% and liquid & gas
Slide 34: Operational Highlights – FY24 (continued)
APSEZ: Operational Highlights – FY24 Ports & Marine Services • AICTPL (CT-3, Mundra) created India level record of handling highest ever container volumes in a month and in a year (3 Lakh TEUs in Nov-23 and 3 Mn TEUs in FY24) • EBITDA margin of domestic port business improved by ~150 bps to 71% in F
Slide 35: Operational milestones - Largest ships handled in FY24
APSEZ: Operational milestones - Largest ships handled in FY24 • Mundra Port berthed one of the largest container ships ever – MV MSC Hamburg, 399 m long and 54 m wide, with a carrying capacity of 15,908 TEUs and a current reported draught of 12 m. • CT-3, Mundra exchanged 16,569 TEUs on a single shi
Slide 36: Operational milestones - Largest parcel size handled in FY24
APSEZ: Operational milestones - Largest parcel size handled in FY24 • Mundra Port surpassed its record of handling the highest ever over-dimensional container/s on a single vessel, with 114 units (219 TEUs). The port also managed steel pipes with 138” OD, the largest ever handled by the port. • Mund
Slide 37: New services and cargo types handled in FY24
APSEZ: New services and cargo types handled in FY24 • 18 new container services added across 4 domestic APSEZ ports • Mundra Port handled its first export of Hydrolysis Pi Gas (HPG), thereby expanding the liquids product portfolio (Naphtha, HSD, FO, Methanol and DNA) • Dahej Port successfully handle
Slide 38: Key awards reflecting operational excellence
APSEZ: Key awards reflecting operational excellence • APSEZ recognized amongst the top 50 Indian companies on sustainability by the Business World • APSEZ won the ‘Non-Major Port of the Year’ award at the "Maritime and Logistics Awards 2023" held in Mumbai • Mundra Port won the ‘Sea Port of the Year
Slide 39: Robust growth coupled with diversification – Q4 FY24
APSEZ: Robust growth coupled with diversification – Q4 FY24 (YoY) Q4 FY23 Q4 FY24 APSEZ Cargo volume 26% 86.3 108.7 East Coast Volume* Non Mundra Volume* Total MMT MMT 27% 43% 83.7 106.3 34% Domestic MMT MMT 33.5 47.9 45.3 60.5 MMT MMT MMT MMT International 2.4 - MMT APSEZ Container volume 10% West
Slide 40: Robust growth coupled with diversification – FY24
APSEZ: Robust growth coupled with diversification – FY24 (YoY) FY23 FY24 APSEZ Cargo volume 24% 339.2 419.9 East Coast Volume* Non Mundra Volume* Total MMT MMT 21% 34% 336.6 408.4 26% Domestic MMT MMT 131.7 176.4 181.2 228.9 MMT MMT MMT MMT International 11.5 - MMT APSEZ Container volume 19% West Co
Slide 41: Concentration risk mitigation continues – FY24
APSEZ: Concentration risk mitigation continues – FY24 39% 43% 40% 41% East Coast vs West Coast Share* 61% 57% 60% 59% FY23 FY24 FY23 FY24 APSEZ All India West Coast East Coast FY24 FY23 44% 46% Mundra vs Non Mundra Share* 54% 56% Mundra Non-Mundra Mundra Non-Mundra 35 * The data pertains to APSEZ In
Slide 42: Diversifying cargo portfolio
APSEZ: Diversifying cargo portfolio 41% 43% 41% 41% 38% 38% 37% 37% 38% 36% 36% 33% 33% 32% 33% 32% 17% 13% 13% 13% 16% 12% 15% 12% 13% 11% 11% 11% 8% 9% 7% 6% 3% 3% 2% 3% 3% 3% 2% 3% 1% 1% 2% 0% 0% FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 Dry (Coal) Dry (Other than Coal) Liquid (excl Crude) Crude Ga
Slide 43: Growth through existing and acquired ports – Q4 FY24
APSEZ: Growth through existing and acquired ports – Q4 FY24 • Growth at Mundra was driven primarily by dry cargo, followed by containers, liquid and gas respectively • Growth at Dhamra was driven by dry cargo (mainly minerals), and crude+gas cargo • Growth at terminals was driven by container cargo,
Slide 44: Growth through existing and acquired ports – FY24
APSEZ: Growth through existing and acquired ports – FY24 • Growth at Mundra was driven by container cargo, followed by dry and crude+gas cargo • Growth at Dhamra was driven by minerals and crude+gas cargo • Growth at Krishnapatnam was driven by dry cargo, followed by liquid and container cargo • Gro
Slide 45: Dry bulk and container cargo drives growth – Q4 FY24
APSEZ: Dry bulk and container cargo drives growth – Q4 FY24 • Growth primarily driven by coal, containers, minerals and coking coal • Stable volumes for agri, liquid and RoRo cargo categories • Decline seen in fertilizers, other dry and crude+gas cargo category 39
Slide 46: Dry bulk and container cargo drives growth – FY24
APSEZ: Dry bulk and container cargo drives growth – FY24 • Growth primarily driven by containers, minerals, crude+gas, and coal cargo • Stable volumes in liquid and RoRo cargo categories • Decline seen in other dry, fertilizers, and agri cargo 40
Slide 47: Financial Highlights Q4 & FY24
F Financial Highlights Q4 & FY24 STRICTLY CONFIDENTIAL
Slide 48: Financial performance – Q4 FY24
APSEZ: Financial performance – Q4 FY24 (in INR Cr) Q4 FY23 Q4 FY24 Particulars Revenue EBITDA^ PAT Revenue EBITDA^ PAT APSEZ Consolidated 5,797 3,271 1,139 6,897 4,044 2,015 JVs AICTPL (CT-3), JV with MSC 412 240 177 491 284 194 ACMTPL (CT-4), JV with CMA-CGM 182 106 49 234 134 68 IAVL, JV with Indi
Slide 49: Financial performance – FY24
APSEZ: Financial performance – FY24 (in INR Cr) FY23 FY24 Particulars Revenue EBITDA^ PAT Revenue EBITDA^ PAT APSEZ Consolidated 20,852 12,833 5,391 26,711 15,864 8,104** JVs AICTPL (CT-3), JV with MSC 1,527 821 262 1,909 1,039 695 ACMTPL (CT-4), JV with CMA-CGM 739 428 91 913 532 246 IAVL, JV with
Slide 50: Key segment wise Operating revenue & EBITDA – Q4 FY24
APSEZ: Key segment wise Operating revenue & EBITDA – Q4 FY24 (YoY, in INR Cr) Ports Logistics 5,475 560 533 70% 70% 4,400 25% 3,815 19% 3,066 132 105 Q4 FY 23 Q4 FY 24 Q4 FY 23 Q4 FY 24 Revenue EBIDTA EBIDTA (%) Revenue EBIDTA EBIDTA (%) SEZ & Port Development International Ports 75% 807 774 100% 51
Slide 51: Key segment wise Operating revenue & EBITDA – FY24
APSEZ: Key segment wise Operating revenue & EBITDA – FY24 (YoY, in INR Cr) Ports Logistics 20,972 28% 70% 71% 2,079 26% 17,304 1,744 14,907 12,039 487 540 FY23 FY24 FY23 FY24 Revenue EBIDTA EBIDTA (%) Revenue EBIDTA EBIDTA (%) SEZ & Port Development International Ports 412 413 3,152 11% 49% 8% 203 2
Slide 52: Debt Ratios
APSEZ: Debt Ratios (in INR Cr) Gross Debt, Net Debt & Average Maturity Net Debt to EBITDA 7.0 49,819 6.0 45,453 46,279 40,072 3.4 3.3 3.0 34,401 36,462 2.9 3.1 31,666 2.9 28,472 5.5 4.6 2.5 2.3 Mar'21 Mar'22 Mar'23 Mar'24 Net Debt Gross Debt Average Maturity (years) FY17 FY18 FY19 FY20 FY21 FY22 FY2
Slide 53: Debt maturity profile as on 31st Mar'24
APSEZ: Debt maturity profile as on 31st Mar’24 16,000 Net Cash flow from operating activities in FY24 – Rs 15,018 Crs 14,000 12,000 563 10,000 8,000 2,532 250 6,000 1,693 10,512 1,500 4,000 - 6,135 6,255 4,418 - 2,000 4,170 3,753 1,661 2,502 0 193 250 - FY 27-28 FY 24-25 FY 25-26 FY 29-30 FY 30-31 F
Slide 54: Credit ratings
APSEZ: Credit ratings International Domestic Ratings Ratings Company Rating Company Domestic Rating Agency INR Ratings APSEZ BBB- (S&P, Fitch) / Baa3 (Moody's) APSEZ CARE Ratings AAA/Stable Adani International Container BBB- (S&P, Fitch) / Baa3 (Moody's) APSEZ ICRA AA+/Stable Terminal Private Limite
Slide 55: Port wise returns
APSEZ: Port wise returns 33% 33% 27% 23% 20% 20% 21% 19% 19% 17% 16% 16% 14% 13% 13% 12% 12% 12% 11%11% 11% 9% 7% 6% 6% Terminals 5% 3% 2% 1% 0% Mundra Hazira Dahej Dhamra Kattupalli Krishnapatnam Gangavaram OSL Logistics APSEZ -2% ROCE FY22 ROCE FY23 ROCE FY24 • ROCE improving at matured ports with
Slide 56: FY25 Guidance
APSEZ: FY25 Guidance FY25 Guidance Cargo 460-480 MMT Revenue Rs 29,000-31,000 Cr EBITDA Rs 17,000-18,000 Cr Capex Rs 10,500-11,500 Cr Net Debt to EBITDA 2.2–2.5x 50
Slide 57: Organic growth - Capex segment wise FY25
APSEZ: Organic growth - Capex segment wise FY25 (in INR Cr) Total TotalInvestment Investment ––11,500 17,400 Ports – 7,300 Marine Services - 400 Logistics – 2,300 Decarbonization – 1,500 Domestic 5,500 International 1,800 Tug 400 Grain Silos 1,600 WCT, Sri Lanka and Logistics Park 250 Mundra – Equip
Slide 58: ESG Highlights
F ESG Highlights STRICTLY CONFIDENTIAL
Slide 59: Key ESG performance highlights
APSEZ: Key ESG performance highlights Indicator FY25 Target FY24 Energy & Emission RE share in total electricity# 100% 13%^^ Energy intensity reduction* 50% 51% Emission intensity reduction* 60% 49% Water and Waste Water consumption intensity reduction* 60% 61% Zero waste to landfill 12 Ports 6 Port
Slide 60: ESG Ratings
APSEZ: ESG Ratings ▪ Ranked in the 96 percentile in the Transportation and Transportation Infrastructure out of 334 companies assessed ▪ Achieved the highest score of 90/100 on the Environmental pillar amongst the 334 companies assessed ▪ Full score obtained in the Transparency & Reporting, Environm
Slide 61: Annexures
G Annexures STRICTLY CONFIDENTIAL
Slide 62: Port wise cargo and financial details
Port wise cargo and financial details STRICTLY CONFIDENTIAL
Slide 63: Mundra port - volume and financials Q4 FY24
APSEZ: Mundra port - volume and financials Q4 FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin Q4 FY23 19% Q4 FY24 61% 1,964 5.0 6.4 7.2 10.3 1,384 1,197 38.4 45.9 789 26.3 29.2 Revenue EBITDA Dry Container Liquid (Inc Crude) Dry Container Liquid (Inc Crude) Q4 FY23 Q4 FY24 • Volu
Slide 64: Mundra port - volume and financials FY24
APSEZ: Mundra port - volume and financials FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin FY23 16% FY24 65% 6,807 26.7 29.4 28.8 39.5 5,237 4,425 155.4 179.6 3,271 111.4 99.3 Dry Container Liquid (Inc Crude) Dry Container Liquid (Inc Crude) Revenue EBITDA FY23 FY24 • Volumes grew
Slide 65: Krishnapatnam port - volume and financials Q4 FY24
APSEZ: Krishnapatnam port - volume and financials Q4 FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA Port EBITDA Margin 61% Q4 FY23 21% Q4 FY24 745 661 0.6 0.4 0.2 0.6 454 452 12.9 15.6 11.9 14.8 Dry Container Liquid Dry Container Liquid Revenue EBITDA Q4 FY23 Q4 FY24 • Increase in dry and liq
Slide 66: Krishnapatnam port - volume and financials FY24
APSEZ: Krishnapatnam port - volume and financials FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA Port EBITDA Margin 68% FY23 23% FY24 2,997 1.5 1.6 1.8 2.3 2,341 2,036 1,582 48.3 59.2 45.1 55.1 Dry Container Liquid Dry Container Liquid Revenue EBITDA FY23 FY24 • Increase in cargo volumes acro
Slide 67: Dhamra port - volume and financials Q4 FY24
APSEZ: Dhamra port - volume and financials Q4 FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin 64% 540 64% Q4 FY23 Q4 FY24 0.2 0.9 395 345 7.2 226 11.7 6.9 10.8 Dry Others Dry Others Revenue EBITDA Q4 FY23 Q4 FY24 • Cargo volumes increased Y-o-Y across dry cargo (mainly minerals),
Slide 68: Dhamra port - volume and financials FY24
APSEZ: Dhamra port - volume and financials FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin 37% 64% FY24 2,028 FY23 1.4 4.1 1,592 1,303 996 31.3 42.8 29.8 38.7 Dry Others Dry Others Revenue EBITDA FY23 FY24 • Cargo volumes increased Y-o-Y across minerals, slag, steel and crude+gas
Slide 69: Hazira port - volume and financials Q4 FY24
APSEZ: Hazira port - volume and financials Q4 FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin Q4 FY23 1% Q4 FY24 62% 378 382 1.2 1.1 2.2 2.1 259 237 6.2 6.1 2.8 3.0 Dry Container Liquid Dry Container Liquid Revenue EBITDA Q4 FY23 Q4 FY24 • Increase in container volumes during the
Slide 70: Hazira port - volume and financials FY24
APSEZ: Hazira port - volume and financials FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin FY23 4% FY24 1,645 1,643 70% 4.4 5.0 1,192 1,146 10.1 11.1 25.3 26.4 9.2 12.0 Dry Container Liquid Dry Container Liquid Revenue EBITDA FY23 FY24 • Container volumes increased during FY24, h
Slide 71: Dahej port - volume and financials Q4 FY24
APSEZ: Dahej port - volume and financials Q4 FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin Q4 FY23 19% Q4 FY24 158 61% 0.4 0.4 130 96 2.4 2.8 82 1.9 2.4 Coal Other Dry Cargo Coal Other Dry Cargo Revenue EBITDA Q4 FY23 Q4 FY24 • Cargo volumes for coal and clinker cargo increased
Slide 72: Dahej port - volume and financials FY24
APSEZ: Dahej port - volume and financials FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin 2% 635 67% FY23 FY24 614 2.3 2.4 411 423 11.4 11.2 9.0 8.7 Coal Other Dry Cargo Coal Other Dry Cargo Revenue EBITDA FY23 FY24 • Cargo volumes for coal and minerals cargo reduced during FY24
Slide 73: Kattupalli port - volume and financials Q4 FY24
APSEZ: Kattupalli port - volume and financials Q4 FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA 16% EBITDA Margin 60% Q4 FY23 Q4 FY24 95 85 0.1 0.3 0.2 0.1 54 57 2.9 3.4 2.6 3.1 Dry Container Liquid Dry Container Liquid Revenue EBITDA Q4 FY23 Q4 FY24 • Container and liquid cargo volumes decr
Slide 74: Kattupalli port - volume and financials FY24
APSEZ: Kattupalli port - volume and financials FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA 4% EBITDA Margin FY23 FY24 63% 340 0.4 0.7 0.8 0.6 299 214 11.9 178 11.5 10.3 10.7 Dry Container Liquid Dry Container Liquid Revenue EBITDA FY23 FY24 • Container and liquid cargo volumes increased du
Slide 75: Terminals at major ports & Dighi - Q4 FY24
APSEZ: Terminals at major ports & Dighi - volume & financials Q4 FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin 59% 179 26% Q4 FY23 Q4 FY24 0.01 0.00 116 1.9 4.4 3.6 5.1 8.1 3.1 46 12 Dry Container Liquid Dry Container Liquid Revenue EBITDA Q4 FY23 Q4 FY24 • Volume increase is o
Slide 76: Terminals at major ports & Dighi - FY24
APSEZ: Terminals at major ports & Dighi - volume & financials FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin 32% 698 26% FY23 FY24 0.04 0.08 547 8.2 12.9 21.1 27.8 14.8 184 12.8 131 Dry Container Liquid Dry Container Liquid Revenue EBITDA FY23 FY24 • Volume increase is due to in
Slide 77: Gangavaram port - volume & financials Q4 FY24
APSEZ: Gangavaram port - volume & financials Q4 FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA 419 EBITDA Margin Q4 FY23 13% Q4 FY24 62% 371 3.0 3.6 259 261 8.7 9.8 5.6 6.2 Coal Other Dry Coal Other Revenue EBITDA Q4 FY23 Q4 FY24 • Increase in mineral and coal volumes led to overall increase
Slide 78: Gangavaram port - volume & financials FY24
APSEZ: Gangavaram port - volume & financials FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA 1,604 EBITDA Margin FY23 15% FY24 1,529 66% 1,013 1,056 11.5 13.7 32.4 37.2 21.0 23.5 Coal Other Dry Coal Other Dry Revenue EBITDA FY23 FY24 • Mineral and coal cargo volumes increased during the year •
Slide 79: Karaikal port - volume & financials Q4 FY24
APSEZ: Karaikal port - volume & financials Q4 FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA Q4 FY24 EBITDA Margin 146 65% 0.2 95 2.9 2.7 Coal Other Revenue EBITDA Q4 FY24 • Total Dry cargo volumes handled during the quarter was 2.9 MMT • The port achieved EBITDA margin of 65% during the quarte
Slide 80: Karaikal port - volume & financials FY24
APSEZ: Karaikal port - volume & financials FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA 622 FY24 EBITDA Margin 69% 1.6 431 12.3 10.6 Coal Other Revenue EBITDA FY24 • Total Dry cargo volumes held during FY24 was 12.3 MMT • The port achieved EBITDA margin of 69% during FY24 74
Slide 81: Adani Logistics and Harbour services - financials Q4 FY24
APSEZ: Adani Logistics and Harbour services- financials Q4 FY24 (YoY, in INR Cr) Logistics Harbour Services EBITDA Margin 560 EBITDA Margin 87% 533 19% 709 608 619 521 132 105 Revenue EBITDA Revenue EBITDA Q4 FY23 Q4 FY24 Q4 FY23 Q4 FY24 • Logistics revenue increased on account of higher rail volume
Slide 82: Adani Logistics and Harbour services - financials FY24
APSEZ: Adani Logistics and Harbour services- financials FY24 (YoY, in INR Cr) Logistics Harbour Services EBITDA Margin 87% EBITDA Margin 2,737 2,079 26% 2,419 2,388 1,744 2,086 487 540 Revenue EBITDA Revenue EBITDA FY23 FY24 FY23 FY24 • Logistics revenue increased on account of higher rail • Revenue
Slide 83: Consolidated financial performance – SEBI format
APSEZ: Consolidated financial performance – SEBI format CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2024 (` in crore) Quarter Ended Year Ended March 31, December 31, March 31, March 31, March 31, Sr. Particulars 2024 2023 2023 2024 2023 No. Unaudited Unaudited* Unaudited
Slide 84: Thank You
Thank You Details Annexed in Linked File 1. Port-wise Cargo Volume Break up FY24 2. Ports and Logistics Vertical Key Financial Performance FY24 Please open the file in PDF reader and double click on the icon to open -
Slide 85: 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
Adani Ports and Special Economic Zone — Q4 FY2024 Earnings Presentation on 6ix