Adani Green Energy Limited · NSE:ADANIGREEN
Adani Green Energy — Investor Presentation (August 2021)
35 slides from Adani Green Energy's investor presentation, August 2021
Slide 1: Adani Green Energy Limited Equity Presentation
Adani Green Energy Limited Equity Presentation August 2021
Slide 2: Contents
CONTENTS 1 Adani Group 2 AGEL: Company Profile 3 AGEL: Transformational Advantage 4 AGEL: ESG 5 Value Creation through Transformative Investment Philosophy Annexures
Slide 3: Adani Group
Adani Group Renewables
Slide 4: Adani Group: A world class infrastructure & utility portfolio
Adani Group : A world class infrastructure & utility portfolio Adani Transport & Logistics Energy & Utility • Marked shift from B2B to B2C Portfolio Portfolio businesses– • ATGL – Gas distribution 63.8% 100% 75% 58.2% network to serve key APSEZ ATL AGEL geographies across India NQXT2 Renewables Port
Slide 5: Adani Group: Decades long track record of industry best growth rates
Adani Group : Decades long track record of industry best growth rates across sectors Port Cargo Throughput (MMT) Renewable Capacity (GW) Transmission Network (ckm) CGD7 (GAs8 covered) 12% 45% 132% 20% 3x 5x 3x 30% 1.5x 4% 7% 25% Industry Adani APSEZ Industry AGEL Adani Industry ATL Industry AGL 2014
Slide 6: Adani Group: Repeatable, robust & proven transformative model of investment
Adani Group: Repeatable, robust & proven transformative model of investment Phase Development Operations Post Operations Origination Site Development Construction Operation Capital Mgmt Activity • Site acquisition • Engineering & design • Redesigning the capital • Analysis & market • Life cycle O&M
Slide 7: AGEL: Replicating Group's Simple yet Transformational Business Model
AGEL : Replicating Group's Simple yet Transformational Business Model Secure Sites & Connectivity Resource Assessment Construction Readiness Development 200,000 acres ~ 31 GW potential Geotechnical studies 85+ Wind data locations and detailed design planning, Resource rich Sites in strategic locatio
Slide 8: Adani Green Energy Limited Company Profile
Adani Green Energy Limited Company Profile Renewables 8
Slide 9: AGEL: Transformational Renewable Company
AGEL: Transformational Renewable Company Locked-in growth up to 24,294 MW 1 Renewable Capacity (in MW) Source-wise Capacity Breakup (in MW) 24,294 5,370 MW – Operational 2,740 Existing 647 1,701 Under acquisition 5,104 5,274 MW – Under execution 9,150 MW – Confirmed Pipeline 2 24,294 MW 5,370 MW Ope
Slide 10: AGEL: Large, Geographically Diversified 100% Contracted Portfolio
AGEL: Large, Geographically Diversified 100% Contracted Portfolio 24,294 MW Portfolio 1 | 5,370 MW Operational Average AGEL tariff below APPC 2 APPC @ 3.85/kWh Operational Awarded & Under Implementation 4 Wind Solar Solar-Wind Hybrid 3.02 2.0 2.4 2.4 3.2 2.5 2.3 2.2 2.7 130 395 Apr'17 Dec'17 Jan'18
Slide 11: AGEL: Majority Operating Portfolio by 2022 reducing Development Risk
AGEL: Majority Operating Portfolio by 2022 reducing Development Risk Assets contracted under 25 year PPA, 87% of capacity contracted to sovereign / state guaranteed counterparties Development risk to reduce with increasing proportion of Operating Capacity Low counterparty risk Counterparty mix by ca
Slide 12: AGEL: Transformational Advantage
AGEL: Transformational Advantage 12
Slide 13: Development and de-risking philosophy
AGEL: Development and de-risking philosophy Resource Assessment Land Identification Design Optimisation Relentless focus on Origination 85+ Wind locations 2,00,000+ acres land design optimization to drive assessed identified across India Cost Efficiency Land Acquisition Statutory Approvals Transmiss
Slide 14: Approach to lock in strategic resource by aggregating 5 year forward strategic sites
AGEL: Approach to lock in strategic resource by aggregating 5 year forward strategic sites Systematic Approach to identify resource rich sites in order to de-risk future development Gather Site filtering Prioritization Micro-planning State wind and Priority projects Priority solar potential from pub
Slide 15: Resource tie-up during Development Stage to minimize execution risk
AGEL: Resource tie-up during Development Stage to minimize execution risk Strategic sites secured for future projects; significant development work completed for construction readiness Khavda 15,000 MW site AGEL Development Advantage Significant development work completed ensuring Site area: c. 71,0
Slide 16: Advance Identification of Strategic Sites for next phase of Growth
AGEL: Advance Identification of Strategic Sites for next phase of Growth Strategy to acquire Focus States Average CUF Barren Maharashtra Solar CUF ~31%+ Non-agricultural Karnataka Wind CUF ~40%+ Waste land Tamil Nadu ✓ Wind & Solar resource rich areas identified ✓ Engaged with stakeholders ✓ Project
Slide 17: Systematic Development Process with centralized coordination by PMAG
AGEL: Systematic Development Process with centralized coordination by PMAG Project Management & Assurance Group End-to-end Integration from Origination to Execution with Centralized PMAG Realtime monitoring with Integrated Project Management tool developed in-house with single source of truth concep
Slide 18: Operational Excellence driving Value
AGEL: Operational Excellence driving Value Predictive Analytics leading to cost efficient O&M and high performance World-class Energy Network Operations Centre connected to Solar & Wind plants across 11 States • Renewable plants feed millions of datapoint which are processed, enabling informed decis
Slide 19: Capital Management Philosophy
AGEL: Capital Management Philosophy Maximizing Stakeholder Value & De-risking projects with Disciplined Capital Management Project Financing Stabilization Financing via. LC Post-Stabilization Phase SPV level Phase De-risking Strategy LCs & short-term funds Project Finance Debt Working Capital debt D
Slide 20: Case Study - Fully Funded Construction Program
AGEL: Case Study - Fully Funded Construction Program – AGEL has signed up Framework Agreement for under construction projects for USD 1.35 bn with 12 international banks – Revolving Project Financing Framework: 1,690 MW hybrid projects funded as first set of projects, takeout within COD + 1 year (po
Slide 21: Capital Management leading to Value Creation
AGEL: Capital Management leading to Value Creation Fully Funded Construction Program ▪ Revolving Project Financing Framework put in place for an amount of USD 1.35 bn with participation from 12 international ✓ Mitigating risk of capital availability during banks to enable fully fund construction pip
Slide 22: AGEL: ESG
AGEL: ESG Renewables 22
Slide 23: AGEL: Robust ESG Assurance Framework
AGEL : Robust ESG Assurance Framework Guiding principles United Nations Global Sustainable Development SBTi Guiding Compact Goals Policies principle Disclosure Standards TCFD GRI Standards CDP disclosure Policy Structure Focus Area - UNSDG – Biodiversity Policy ESG E – Energy and Emission Policy – W
Slide 24: AGEL's commitment to UN Sustainability Development Goals
AGEL’s commitment to UN Sustainability Development Goals Contribution to following sustainability development goals (SDGs) in line with the recommended SDGs for electric utilities as per WBSCD Ensure access to affordable, reliable, – 24.3 GW locked-in growth today – Average portfolio tariff @ INR su
Slide 25: AGEL – Environmental Philosophy
AGEL – Environmental Philosophy Offsetting Carbon Emission Conservation of Resource Waste Management – Supporting low carbon Economy – Reducing water footprint by 55% – Zero waste to landfill by 2025 – Carbon sequestration by – Land use and cover management – Circular Economy Climate afforestation A
Slide 26: AGEL – Social philosophy
AGEL– Social philosophy Our Key Social Initiatives mapped to UNSDG Education Multiple – Own schools, digitalization and up gradation of Govt. United Nations Sustainable Locations school to provide cost free education to the needy 1. No Poverty Development Goals 2030 4. Quality Education Health Multi
Slide 27: AGEL – Governance Philosophy
AGEL – Governance Philosophy Policies / Commitment Committees Assurance – Environment Management – Corporate Responsibility Committee – Energy & Emission Commitment – Risk Management Committee – Water Stewardship Commitment – Biodiversity Policy Corporate Responsibility Committee (CRC) – Corporate S
Slide 28: Value Creation through Transformative Investment Philosophy
AGEL: Value Creation through Transformative Investment Philosophy Renewables
Slide 29: Value Creation through Transformative Investment Philosophy
AGEL: Value Creation through Transformative Investment Philosophy Locked-in FY 17 FY 21 Growth Capacity (MW) 748 MW CAGR of 47% 3,470 MW 1 7x growth 24,294 MW INR 50 bn INR 178 bn INR 1,178 bn Capital Employed3 CAGR of 37% USD 2,438 mn 6x growth USD 16,143 mn USD 685 mn INR 8 bn INR 31 bn 6x growth
Slide 30: A Compelling Investment Case
AGEL: A Compelling Investment Case ▪ India targets Renewable capacity of 175 GW by 2022 & 450 GW by 2030 from 100 GW currently Strong Government Push ▪ ‘Must-run’ status to renewable plants in India ensures continuous off-take of energy ▪ Targeted 5x growth from 5.4 GW currently operational to 25.0
Slide 31: Appendix
Appendix AGEL: Engineering – Core Strengths AGEL: Supply Chain Management - Focused Strategic Sourcing & Process Excellence
Slide 32: Engineering – Core Strengths
AGEL: Engineering – Core Strengths In-House Design & Value Engineering Capability to Ensure Long-Lasting World-Class Asset In-house Engineering Optimization in Layout ▪ Strong design & engineering team of more than 125 ▪ Effective module placement for full utilization of available sites. engineering
Slide 33: Supply Chain Management: Focused Strategic Sourcing & Process Excellence
AGEL: Supply Chain Management : Focused Strategic Sourcing & Process Excellence Robust Sourcing Capabilities for On time Deliveries & Execution Centralised Procurement • Maximization of Common Opex & Services ARCs, Procurement of Bulk & Objectives Common Capex and non-ARC Services Procurement Strate
Slide 34: 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 Green Energy Limited (“AGEL”),the future outlook and growth prospects, and fut
Slide 35: Thank You
adani ” Renewables | Thank You
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