Adani Energy Solutions Ltd · NSE:ADANIENSOL
Adani Energy Solutions — Adani Transmission — Shareholder Meeting (June 2020)
31 slides from Adani Energy Solutions's shareholder meeting presentation, Jun 25, 2020
Slide 1: Adani Transmission Limited 7th Annual General Meeting
Adani Transmission Limited 7th Annual General Meeting 25th June 2020
Slide 2: Contents
CONTENTS 04-05 Adani Group 04 07-08 ATL – Company Profile 07 10 FY20 Op. Highlights 10 12-13 FY20 Financial Highlights 12 15-18 ESG 15 20-21 Strategy and Opportunity 20 23-29 Annexure 23
Slide 3: Adani Group
Transmission adani
Slide 4: Adani: World class infrastructure & utility portfolio
Adani Transmission Limited AGM Presentation | June 2020 Adani: World class infrastructure & utility portfolio Transport & Logistics Portfolio Adani Energy & Utility Portfolio Adani 63.3% 100% 75% 75% Philosophical shift from B2B to B2C businesses – APSEZ SRCPL ATL AGEL Port & Logistics Rail T&D Rene
Slide 5: ATL: A platform well-positioned to leverage growth opportunities in T&D business
Adani Transmission Limited AGM Presentation | June 2020 ATL: A platform well-positioned to leverage growth opportunities in T&D business Execution Prowess Strategic Presence Healthy pool mix Transmission Network of ATL - Present in 9 states with 21 Transmission (FY20): Development 14,740 ckms1; tran
Slide 6: ATL - Company Profile
ATL - Company Profile
Slide 7: ATL: Manifesting Adani's Infrastructure Excellence in T&D business
Adani Transmission Limited AGM Presentation | June 2020 ATL: Manifesting Adani’s Infrastructure Excellence in T&D business Execution Strength and Pan Pan-India network & only private AEML - One of the best-run 3 million+ India Presence sector co. to operate 500 KV 93-year old integrated utility Reta
Slide 8: ATL at a Glance
Adani Transmission Limited AGM Presentation | June 2020 ATL at a Glance 100%1 Contracted Assets Integrated Utility 100% 74.9% 25.1% Qatar Investment Wholesale Consumer Authority (QIA) • 12 Operating TBCB Assets(1), 9 under construction TBCB Assets ROA Assets ROA Asset • Concession Life of 35 years +
Slide 9: FY20 Operational Highlights
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission FY20 Operational Highlights 14
Slide 10: ATL: Operational Highlights – Key Metrics
Adani Transmission Limited AGM Presentation | June 2020 ATL: Operational Highlights – Key Metrics System Availability at ATL (%) Distribution Loss at AEML (%) Maintain >99% 7.85% Target of <=7% availability 99.80 99.69 99.91 99.84 99.76 48 bps 7.37% FY16 FY17 FY18 FY19 FY20 FY19 FY20 Network Growth
Slide 11: FY20 Financial Highlights
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Future Outlook FY20 Financial Highlights 14
Slide 12: ATL: Financial Highlights - Snapshot
Adani Transmission Limited AGM Presentation | June 2020 ATL: Financial Highlights - Snapshot ATL recorded improvement on all key financial indicators in FY20 Operating Revenue Operating EBITDA PAT 12000 FY19 FY20 FY19 FY20 FY19 FY20 10237 5000 800 10000 707 4287 700 657 8000 7532 4000 600 559 6530 4
Slide 13: ATL: Revenue and EBITDA trend
Adani Transmission Limited AGM Presentation | June 2020 ATL: Revenue and EBITDA trend Operating Revenue performance Operating EBITDA performance 10,237 Margin 93% 91% 91% 19% 92% 24% 4,287 CAGR growth of 53% 6,530(1) CAGR growth 7,532 of 33% 1,805 2,857(1) 3,944 4,270 806 1,827 1,944 2,876 2,482 3,9
Slide 14: ESG
Adani TransmissionLimited Adani Transmission Limited AGM DebtPresentation Presentation | June 2020 February 2020 Transmission ESGESG 08
Slide 15: ATL: Environment-Social-Governance (ESG) Performance
Adani Transmission Limited AGM Presentation | June 2020 ATL: Environment-Social-Governance (ESG) Performance 8 % ↓* 7.5 % ↓* 7.45 % * 1.835 MW Auxiliary Power Scope 1 Emission Solar Power Generation Solar Panel Consumption 3187008 TCo2e 2.73 MUs 346.53MUs 6.23 % ↓* 31.62 % ↓* 1.23 Million 195.4 Ha -
Slide 16: ATL: Inculcating Safety Culture
Adani Transmission Limited AGM Presentation | June 2020 ATL: Inculcating Safety Culture Safety – Always First Safety Initiatives in FY20 Safety Performance in FY20 • Training: Over 57,236 man-hours of safety awareness and training • Gensuite: Dedicated app for safety incident • 1 fatalities reported
Slide 17: AEML: Initiatives towards reduction of carbon footprint
Adani Transmission Limited AGM Presentation | June 2020 AEML: Initiatives towards reduction of carbon footprint Renewable Power Climate Awareness Targeted 30% of consumption from Renewable sources Environmentally compliant generation at ADTPS Committed to increasing share of renewable power procurem
Slide 18: ATL: Governance – Journey so far and future glide path
Adani Transmission Limited AGM Presentation | June 2020 ATL: Governance – Journey so far and future glide path We have charted a glide path to internalise global best practices of governance by September 2021 Journey so Far Target by SEP 2021 Structure for 8 SPVs including AEML, with no cross securi
Slide 19: Strategy and Opportunity
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Strategy and Opportunity 14
Slide 20: ATL: Strategic Objectives
Adani Transmission Limited AGM Presentation | June 2020 ATL: Strategic Objectives Regulated growth opportunities Opportunity Set in Transmission Opportunity Set in Distribution ▪ AEML: ATL geared to fully leverage ▪ Achieve 20,000 Ckt kms by – Leveraging on 3mn+ customer opportunities for discipline
Slide 21: Sector Outlook: Indian Transmission Sector Poised for Significant Growth
Adani Transmission Limited AGM Presentation | June 2020 Sector Outlook: Indian Transmission Sector Poised for Significant Growth Robust growth outlook driven by strong policy support Significant under-investment in Transmission sector historically…(1) …resulted into very low MVA/MW ratio in India(2)
Slide 22: Annexure
Adani TransmissionLimited Adani Transmission Limited AGM DebtPresentation Presentation | June 2020 February 2020 Thank You Transmission Annexure (Detailed Financials, Asset Portfolio, Capital management) 22
Slide 23: ATL: P&L FY20 vs. FY19
Adani Transmission Limited AGM Presentation | June 2020 ATL: P&L FY20 vs. FY19 (Rs in Crore) 12M FY20 12M FY20 12M FY20 12M FY19 12M FY19 12M FY19# Sr No. Particulars % change Transmission Distribution (Consolidated) Transmission Distribution (Consolidated) 1 Revenue 1.1 Net Transmission & Distribut
Slide 24: ATL: P&L Q4FY20 vs. Q4FY19
Adani Transmission Limited AGM Presentation | June 2020 ATL: P&L Q4FY20 vs. Q4FY19 (Rs in Crore) Q4 FY20 Q4 FY20 Q4 FY20 Q4 FY19 Q4 FY19 Q4 FY19 Sr. No. Particulars % change Transmission Distribution (Consolidated) Transmission Distribution (Consolidated) 1 Revenue 1.1 Net Transmission & Distributio
Slide 25: ATL: P&L Q4FY20 vs. Q3FY20
Adani Transmission Limited AGM Presentation | June 2020 ATL: P&L Q4FY20 vs. Q3FY20 (Rs in Crore) Q4 FY20 Q4 FY20 Q4 FY20 Q3 FY20 Q3 FY20 Q3 FY20 Sr No. Particulars % change Transmission Distribution (Consolidated) Transmission Distribution (Consolidated) 1 Revenue 1.1 Net Transmission & Distribution
Slide 26: ATL's Evolution and Operational Portfolio
Adani Transmission Limited AGM Presentation | June 2020 ATL’s Evolution and Operational Portfolio ATL’s Transmission Network (ckt km) has grown 2.7x Adani Transmission Limited in 3 years; and Distribution business acquired in FY19 100% 100% 75% 100% 100% 100% 100% 100% 100% 100% 100% ATL’s “Grid-to-
Slide 27: ATL: Locked-in Growth from Under-construction TBCB Projects
Adani Transmission Limited AGM Presentation | June 2020 ATL: Locked-in Growth from Under-construction TBCB Projects Adani Transmission Limited 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Ghatam- Obra-C WRSS – Bikaner - Lakadia Kharghar NKTL Jam Kham- FBTL Banas- HVDC# pur Badaun XXI (A) Khetri
Slide 28: ATL's Capital Management Program brings diversity and elongated maturity to debt profile
Adani Transmission Limited AGM Presentation | June 2020 ATL’s Capital Management Program brings diversity and elongated maturity to firm’s debt profile As of As of Refinancing risk minimised1 31st Mar 16 31st Mar 20 ~Rs. 3.2 bn of debt (<1 year) vs. FFO of Rs. 18.8 bn (FY20) Consolidated 12% Rs. 85
Slide 29: AEML (Integrated Utility): Significant De-risking through Capital Management
Adani Transmission Limited AGM Presentation | June 2020 AEML (Integrated Utility): Significant De-risking through Capital Management Capital De-risking of Asset Underlying Value Creation AEML US$ 1 bn bond issue in Jan-20 QIA’s acquisition of 25.1% stake in AEML Key Attributes Key Attributes Debt Di
Slide 30: Thank You
Adani Transmission Limited AGM Presentation | June 2020 Thank You 30
Slide 31: Legal Disclaimer
Adani Transmission Limited AGM Presentation | June 2020 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 presenta