Adani Energy Solutions Ltd · NSE:ADANIENSOL
Adani Energy Solutions — Adani Transmission — Q1 FY23 Earnings Presentation
39 slides from Adani Energy Solutions's earnings presentation, August 2022
Slide 1: Adani Transmission Limited Q1FY23 Results Presentation
Adani Transmission Limited Q1FY23 Results Presentation August 2022
Slide 2: Contents
CONTENTS 04-07 Adani Group and ATL 04 09 09 Executive Summary– Q1FY23 09 Financial Highlights – Q1FY23 11-14 YoY 11 Financial Highlights – Q1FY23 16-19 QoQ 16 Recent Awards and 21 Recognition 21 Annexure - Q1FY23 Operational 24-26 Performance (YoY) 24 ATL – Operational and Under- 28-29 construction
Slide 3: Adani Portfolio Overview
Adani Portfolio Overview
Slide 4: Adani: A World Class Portfolio
Adani: A World Class Portfolio ~US$ 170 bn1 Combined Market Cap Infrastructure and Utility Primary Industry Emerging B2C Flagship Core Portfolio Materials, Metal & Incubator Energy & Utility Transport & Logistics Direct to Consumer Mining (60.5%) (100%) (72.3%) (73.9%) (65.6%) (100%) AGEL ATL APSEZ
Slide 5: 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) 18% 132% 12% 36% 1.4x 3x 25% 3x 5x 6% 4% 25% Industry Adani Industry Adani Industry Adani Adani Industry Adani 2016 320,000
Slide 6: 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 Development with 31 transmission projects Transmission(3): 18,795 ckm(1) 52% of EBITDA - Central pool D
Slide 8: Executive Summary – Q1FY23
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Executive Summary – Q1FY23 14
Slide 9: Executive Summary – Operational and Financial Performance Q1FY23
ATL: Executive Summary – Operational and Financial Performance Q1FY23 Operational Update: Other Key Updates and Awards: – Added 372 ckms in Q1FY23 to operational network with total network at 18,795 ckms & transformation capacity at 40,001 MVA – Adani Transmission completed Rs 3,850 Cr Primary – Dur
Slide 10: Financial Highlights – Q1FY23 YoY
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Financial Highlights – Q1FY23 YoY 14
Slide 11: Consolidated Financial Highlights Q1FY23 YoY
ATL: Consolidated Financial Highlights Q1FY23 YoY Operational Revenue EBITDA (In Rs Cr) 1496 3049 1326 2499 Q1FY22 Q1FY23 Q1FY22 Q1FY23 Cash Profit (excluding one-time) PAT 731 433 # 633 168 Q1FY22 Q1FY23 Q1FY22 Q1FY23 11 Note: #Consolidated PAT at Rs 168 Cr not comparable YoY to Rs 433 Cr on accoun
Slide 12: Segment–wise Financial Highlights Q1FY23 YoY
ATL: Segment–wise Financial Highlights Q1FY23 YoY Operational Revenue Operational EBITDA (In Rs Cr) 2213 767 701 1742 446 406 757 836 Transmission Distribution Transmission Distribution Q1FY22 Q1FY23 Q1FY22 Q1FY23 PAT Cash Profit (excluding one-time) 442 # 467 413 234 263 219 -9 -66 Transmission Dis
Slide 13: Transmission Utility - Revenue and Operating EBITDA Bridge Q1FY23 YoY
ATL: Transmission Utility - Revenue and Operating EBITDA Bridge Q1FY23 YoY (In Rs Cr) Revenue (excluding incentive) up 10% supported by Operating EBITDA up 10% driven by strong revenue revenue contribution from new line elements 76 3 ( 13 ) (10) 91 (5) 767 812 701 736 Q1 FY22 Newly operational SPVs
Slide 14: Distribution (AEML+MUL) - Revenue and Operating EBITDA Bridge Q1FY23 YoY
ATL: Distribution (AEML+MUL) - Revenue and Operating EBITDA Bridge Q1FY23 YoY (In Rs Cr) Revenue up 27% driven by higher energy demand Operating EBITDA increased by 10% 57 550 8 ( 948 ) 16 398 471 2,213 ( 42 ) 1,742 406 446 Q1 FY22 Sale of Energy & Cross Wheeling charges Sale of Energy - MUL Q1 FY23
Slide 15: Financial Highlights – Q1FY23 QoQ
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Financial Highlights – Q1FY23 QoQ 14
Slide 16: Consolidated Financial Highlights Q1FY23 QoQ
ATL: Consolidated Financial Highlights Q1FY23 QoQ Operational Revenue EBITDA (In Rs Cr) 3049 1382 1326 2582 Q4FY22 Q1FY23 Q4FY22 Q1FY23 Cash Profit (excluding one-time) PAT 237 # 785 731 168 Q4FY22 Q1FY23 Q4FY22 Q1FY23 16 Note: #Consolidated PAT at Rs 168 Cr not comparable QoQ to Rs 237 Cr on accoun
Slide 17: Segment–wise Financial Highlights Q1FY23 QoQ
ATL: Segment–wise Financial Highlights Q1FY23 QoQ Operational Revenue Operational EBITDA (In Rs Cr) 2213 773 767 1737 453 446 845 836 Transmission Distribution Transmission Distribution Q4FY22 Q1FY23 Q4FY22 Q1FY23 PAT Cash Profit (excluding one-time) 234 199 467 454 331 38 263 -66 # Transmission Dis
Slide 18: Transmission Utility - Revenue and Operating EBITDA Bridge Q1FY23 QoQ
ATL: Transmission Utility - Revenue and Operating EBITDA Bridge Q1FY23 QoQ (In Rs Cr) Revenue (excluding incentive) and Operating EBITDA ended flat on QoQ basis 13 (4) (18) ( 10 ) 1 2 821 812 773 767 Q4 FY22 Newly operational SPVs Decrease in revenue for SCA Normal revenue decrease in Q1 FY23 Q4 FY2
Slide 19: Distribution (AEML+MUL) - Revenue and Operating EBITDA Bridge Q1FY23 QoQ
ATL: Distribution (AEML+MUL) - Revenue and Operating EBITDA Bridge Q1FY23 QoQ (In Rs Cr) Revenue up 27% driven by higher energy demand Operating EBITDA ended flat ( 19 ) 504 (9) 77 ( 42 ) ( 807 ) 289 476 2,213 1,737 453 446 Q4 FY22 Sale of Energy & Cross Wheeling charges & Transmission Charges Q1 FY
Slide 20: Recent Award and Recognition
Recent Award and Recognition
Slide 21: Recent Awards & Achievements
ATL: Recent Awards & Achievements Greentech Corporate Adani Electricity Mumbai Ltd has won the Became Signatory to the UN Governance Award 2022 for prestigious IMC Ramkrishna Bajaj National Energy Compact to further the Excellence in Corporate Quality Performance Excellence Award SDG 7 (Affordable a
Slide 22: Annexure
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Annexure: – Operational Highlights – Q1FY23 – ATL asset portfolio – ESG framework 22
Slide 23: Q1FY23 Operational Performance (YoY)
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Q1FY23 Operational Performance (YoY) 14
Slide 24: Transmission Utility – Key Operating Metrics Q1FY23 (YoY)
ATL: Transmission Utility – Key Operating Metrics Q1FY23 (YoY) Transmission Network length(2) (ckm) Power Transformation Capacity(2) (MVA) 18,795 18,336 40,001 33,141 Transformation capacity has increased Network addition on 21% during the period account of completion due to addition of new of Obra
Slide 25: Distribution Utility (AEML) – Key Operating Metrics Q1FY23 (YoY)
ATL: Distribution Utility (AEML) – Key Operating Metrics Q1FY23 (YoY) Supply Reliability (ASAI) (%) SAIDI (mins), SAIFI (nos.) and CAIDI (mins)(1) SAIFI SAIDI CAIDI 99.991% 99.994% 35.71 Consistently 28.65 Maintained supply achieving high reliability of more reliability than 99% parameters 11.98 8.4
Slide 26: Distribution Utility (AEML) – Key Operating Metrics Q1FY23 (YoY)
ATL: Distribution Utility (AEML) – Key Operating Metrics Q1FY23 (YoY) Consumer base (million) Distribution Loss (%) E-payment (% of total collection) 3.09 3.06 6.95% 6.88% 74.72% 69.73% E-payments Distribution losses remains strong Increase in remains well with greater consumer base below regulatory
Slide 27: ATL – Operational and Under-construction Asset Portfolio
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission ATL – Operational and Under- construction Asset Portfolio 14
Slide 28: ATL's Operational Asset Portfolio as of Q1FY23
ATL’s Operational Asset Portfolio as of Q1FY23 Adani Transmission Limited 100% 100% 75% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% AEML MUL ATSCL & WTGL, PPP Bikaner Obra-C ATIL MEGPTCL ATBSPL APTL ATRL RRWTL CWRTL STL FBTL Khetri GTL Discom Discom MTSCL WTPL 8/9/10 Badaun
Slide 29: ATL's Under-construction Asset Portfolio as of Q1FY23
ATL‘s Under-construction Asset Portfolio as of Q1FY23 Adani Transmission Limited Since ATL’s evolution its Transmission Network (ckms) has grown 3.4x and expanded into 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Distribution businesses WRSS – Obra-C Lakadia MP Kharghar Jam Kham- NKTL Banas- WK
Slide 30: ESG Framework
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission ESG Framework 08
Slide 31: ESG Framework
ATL: 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 aligned: E •
Slide 32: Key Environmental Indicators and Milestones
ATL: Key Environmental Indicators and Milestones Key Performance Indicators Current Status Baseline Medium to Long-term Targets Energy Mix & Emission Intensity - RE share in power procurement AEML has achieved 18% renewable in power mix as of Jun’22 3% 30% by FY23 60% by FY27 The target for GHG emis
Slide 33: Social Philosophy and Focus Areas
ATL: Social Philosophy and Focus Areas 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
Slide 34: Key Social Indicators and Milestones
ATL: Key Social Indicators and Milestones Target Material Categories Material Themes Key Performance Indicators Baseline (FY22-23) Zero Rate of fatalities per million hours worked Zero (FY 20-21) Work related injury Rate of recordable work-related injuries per million man-hours 0.33 Zero worked (FY
Slide 35: Governance Philosophy and Focus Areas
ATL: Governance Philosophy and Focus Areas 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
Slide 36: Key Governance Indicators and Milestones
ATL: Key Governance Indicators and Milestones Material Categories Material Themes Key Performance Indicators Baseline Actions Taken and Goals 16.6% - women Board Gender Balance the board composition in terms of men • % of women directors in board improved to Board Gender Diversity directors in board
Slide 37: Enhanced Safety Culture
ATL: Enhanced Safety Culture Safety Initiatives During Q1FY23 Safety Performance in Q1FY23 • Safety training: 42,304 man-hours of safety training and awareness during Q1FY23 Transmission Distribution (AEML) • Positive Safety Culture: Safety Parameters Q1FY23 Q1FY22 Q1FY23 Q1FY22 Near Miss Reporting
Slide 38: 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 39: Thank You
adani Transmission Thank You adani Transmission C