Adani Enterprises Limited · NSE:ADANIENT
Adani Enterprises — Q3 FY24 Earnings Presentation
48 slides from Adani Enterprises's earnings presentation, January 2024
Slide 1: Adani Enterprises Ltd 9M & Q3 FY24 Earnings Presentation
Adani Enterprises Ltd 9M & Q3 FY24 Earnings Presentation
Slide 2: Results at glance
9 Months Ended AEL : Consolidated Financial Highlights (YoY) ` In Crores Results at glance Total Income EBIDTA 58% PBT 107% 4,318 9,592 106,459 105% 8,873 1,875 48x 77,702 4,339 6,068 2,082 17,067 92% 38 2,119 33% 20% 97,586 5,253 2,443 2,044 60,635 3,949 9M-23 9M-24 9M-23 9M-24 9M-23 9M-24 Establis
Slide 3: Incubating Business Growth
9 Months Ended AEL : Incubating Business Growth ` In Crores ANIL Airports Roads Green Hydrogen Ecosystem 43% 50% Total Income Total Income Total Income 5966 Cr 124% 5866 Cr +35% 5235 Cr +2x EBIDTA EBIDTA EBIDTA 1655 Cr +4x 1774 Cr +27% 910 Cr +134% Emerging Core Infra Businesses consistent contribut
Slide 4: Content
Content 01 02 03 Adani Group Company Business Overview Profile Highlights 04 05 06 Operational Financial ESG Performance Highlights Highlights Appendix
Slide 5: Adani Group Overview
Adani Group Overview
Slide 6: 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%) (63.2%) AGEL AESL APSE
Slide 7: 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 8: Adani Portfolio: Repeatable, robust & proven transformative model of investment
Adani Portfolio: Repeatable, robust & proven transformative model of investment Phase Development Operations Post Operations Center of Excellence Project Management & Assurance Group AIMSL1 Policy -Strategy - Risk Origination Site Development Construction Operation Capital Mgmt Activity • Analysis &
Slide 9: Company Profile
Company Profile
Slide 10: AEL: A Successful Incubator
AEL : A Successful Incubator Attractive Incubation Record Green Hydrogen Ecosystem Business Model Strong incubation record Integrated manufacturing for B2B Model generating low-cost green hydrogen Development ANIL Ecosystem, Data Center, Roads Year 2015 > APSEZ, APL & AESL B2C Model Ingots, cells, m
Slide 11: AEL: Business Portfolio
AEL : Business Portfolio AEL Portfolio Energy & Transport & Retail Primary Utility Logistics businesses Industry New Industries (End to end Roads Food FMCG1 Mining Industrials Green H2 chain) Mining Data Center Airports Digital PVC Services & IRM Commercial Water Copper Mining Specialized Manufactur
Slide 12: Business Highlights
Business Highlights 12
Slide 13: Business Highlights (Core Infra Businesses)
AEL : Business Highlights (Core Infra Businesses) ANIL Ecosystem Airports ❑ Solar manufacturing ▪ 19 new routes, 9 new airlines & 5 new flights ▪ Module export sales increased by 168% to 1.2 GW added across all 7 airports during the quarter 9M FY24 ▪ Wafer production from pilot project continues, ▪
Slide 14: Business Highlights (Primary Industries)
AEL : Business Highlights (Primary Industries) Copper Particulars Details Capacity ▪ Refined copper - 500 KTPA – with flexibility to expand to 1,000 KTPA ▪ Gold (25 TPA), Silver (250 TPA), Sulphuric Acid (1,500 KTPA), Phosphoric Acid (250 KTPA) Product ▪ Main Product: Copper Cathodes Portfolio ▪ Val
Slide 15: AEL - Updates on Incubating Businesses
AEL - Updates on Incubating Businesses Energy & Utility – Adani New Industries Ltd (ANIL) Ecosystem AdaniConnex Pvt Ltd (ACX - Data Center) Transport & Logistics – Adani Airports Holdings Ltd (AAHL - Airports) Adani Road Transport Ltd (ARTL - Roads) 15
Slide 16: Energy & Utility – Adani New Industries Ltd (ANIL)
AEL : Energy & Utility – Adani New Industries Ltd (ANIL) Integrated Manufacturing Plant Capacity Status Solar Cell & Module ▪ Module line operational 2.0 GW (Existing Plant) ▪ TopCon Cell line COD by Q4-24 Cell & Module 2.0 GW ▪ Module & Cell line operational (New Plant) ▪ India’s First Wafer produc
Slide 17: Energy & Utility – Adani New Industries Ltd (ANIL) – Wind
AEL : Energy & Utility – Adani New Industries Ltd (ANIL) Integrated Manufacturing Plant Capacity Certification Wind India’s largest capacity ▪ ISO 9001:2015 (Nacelle Plant) Wind Turbine Generator 1.5 GW ▪ IECRE-IEC (for global WTG supply) 5.2 MW Working Prototype 2 using MWL blades WTG sets supply •
Slide 18: Energy & Utility – Adani New Industries Ltd (ANIL) – Electrolysers
AEL : Energy & Utility – Adani New Industries Ltd (ANIL) Integrated Manufacturing Electrolysers Activity Status Manufacturing PLI scheme ▪ Received LoA to set up manufacturing capacity of 198.5 MW ▪ Design for prototype completed for Alkaline Electrolyser with CRT, 25 kW prototype electrolyser devel
Slide 19: Energy & Utility – ACX (Data Center)
AEL : Energy & Utility – ACX (Data Center) Empowering Digital India with a Platform of Data Status Center Solutions with Strong Partnership Chennai 33 • Phase I 17 MW Operational MW Noida 50 Noida • Completion ~74% > 50 MW Core & Shell + 10 MW MEP MW Hyderabad 48 Ahmedabad • Completion ~85% > Phase
Slide 20: Transport & Logistics – AAHL (Airports)
AEL : Transport & Logistics – AAHL (Airports) Portfolio of 8 Airports Updates Serving ~ 23% of total passenger base Pax (Mn) ATM (‘000) 65.7 450.0 53.4 394.9 23.0 160.2 20.3 142.0 Jaipur Lucknow 21.4 148.2 16.3 126.9 4.8 Mn 5.2 Mn Guwahati 5.1 Mn Q1 16.8 21.3 126.0 141.6 Ahmedabad Q2 9M-23 9M-24 9M-
Slide 21: Transport & Logistics – AAHL (Airports) - Operational Efficiency
AEL : Transport & Logistics – AAHL (Airports) - Operational Efficiency Security Check Queue Immigrations 100% 100% 98% 98% 96% 96% 94% 94% 92% 92% AMD LKO IXE BOM JAI GAU TRV AMD LKO IXE BOM JAI GAU TRV Oct Nov Dec Benchmark Oct Nov Dec Benchmark Car Parking Check In 100% 100% 98% 98% 96% 96% 94% 94
Slide 22: Transport & Logistics – ARTL (Roads)
AEL : Transport & Logistics – ARTL (Roads) Portfolio of 14 projects Project Completion Status in 10 projects 5000+ Lane Kms KKRPL 62% 75% Operational Construction in progress NPRPL 61% 68% HAM VBPPL 61% 68% BHRPL BKRPL 43% 151.700 kms 49% UPRPL HURPL 156.800 kms 37% 155.700 kms AVRPL 41% PRSTPL BPRP
Slide 23: AEL - Operational Performance
AEL - Operational Performance
Slide 24: Operational Performance – Incubating Businesses
AEL : Operational Performance – Incubating Businesses % % Parameters Q3-23 Q3-24 Parameters 9M-23 9M-24 Change Change ANIL Module Sales (MW) 426 638 50% Module Sales (MW) 960 1882 96% Ecosystem % % Parameters Q3-23 Q3-24 Parameters 9M-23 9M-24 Change Change Pax movement (Mn) 20.3 23.0 13% Pax moveme
Slide 25: Operational Performance – Primary Industries
AEL : Operational Performance – Primary Industries Mining Services IRM Operational Dispatch Qty. (MMT) Customer/ Service Activity UoM 9M-23 9M-24 Owner 9M-23 9M-24 ▪ 9 Mining service Contracts contracts PEKB RRVUNL 5.6 4.2 IRM Volume MMT 67.7 57.4 ▪ 4 operational coal GP III CSPGCL 2.4 2.7 mine serv
Slide 26: Financial Highlights
Financial Highlights
Slide 27: Consolidated Financials Highlights – 9M FY24
9 Months Ended AEL : Consolidated Financials Highlights – 9M FY24 ` In Crores Income EBIDTA 58% PBT 107% Increase Decrease Total Increase Decrease Total Increase Decrease Total ✓ Growth driven by ANIL Ecosystem, Airports ✓ Increased on account of ✓ Increased on account of higher EBIDTA in & Roads bu
Slide 28: Consolidated Financials Highlights – Q3 FY24
Corresponding Quarter AEL : Consolidated Financials Highlights – Q3 FY24 ` In Crores Income 7% EBIDTA 89% PBT 2x Increase Decrease Total Increase Decrease Total Increase Decrease Total ✓ Growth driven by ANIL Ecosystem, Airports ✓ Increase on account of robust operational ✓ Increased on account of h
Slide 29: Segment wise Financials – 9M FY24
9 Months Ended AEL : Segment wise Financials – 9M FY24 ` In Crores Incubating Businesses Established Businesses ANIL Ecosystem Airports IRM Mining services Revenue 5966 80022 1611 5866 1535 4332 43684 2659 9M-23 9M-24 9M-23 9M-24 9M-23 9M-24 9M-23 9M-24 ✓ Increased in line with ✓ Increased on back o
Slide 30: Segment wise Financials – Q3 FY24
Corresponding Quarter AEL : Segment wise Financials – Q3 FY24 ` In Crores Incubating Businesses Established Businesses ANIL Ecosystem Airports IRM Mining services 2130 2209 1759 17694 513 Revenue 1432 16137 438 17% Q3-23 Q3-24 Q3-23 Q3-24 Q3-23 Q3-24 Q3-23 Q3-24 ✓ Increased in line with ✓ Increased
Slide 31: ESG Highlights
ESG Highlights
Slide 32: ESG – Ratings, Awards and Recognition
AEL : ESG – Ratings, Awards and Recognition ESG Ratings AEL’s Rating Scored 59/100, indicates good relative ESG performance and above average degree of transparency in Refinitiv ESG Score reporting material ESG data publicly DJSI-S&P Global Corporate Scored 49/100 significantly better than average i
Slide 33: ESG Performance Highlights Q3 FY24
AEL : ESG Performance Highlights Q3 FY24 Incubating Businesses Primary Industries ❑ ANIL Ecosystem ❑ Mining Services Business ▪ ~14% electricity consumption from RE sources ▪ ~9% reduction1 in energy intensity2 achieved ❑ Airport Business ▪ ~8% reduction1 in water consumption ▪ ~57 % electricity con
Slide 34: Appendix
Appendix
Slide 35: Transport & Logistics – Airports & Roads Project Updates
Transport & Logistics Airports & Roads Project Updates
Slide 36: Transport & Logistics – AAHL (Airports) Operational Details
AEL : Transport & Logistics – AAHL (Airports) Operational Details Passengers (In Mn) ATM (In ‘000) Cargo (In Lacs MT) Airports 9M-23 9M-24 9M-23 9M-24 9M-23 9M-24 Ahmedabad 7.1 9.2 58.7 68.1 0.4 0.7 Lucknow 3.9 4.9 30.2 35.6 0.1 0.2 Mangaluru 1.3 1.4 11.8 10.7 0.0 0.0 Mumbai 31.3 38.2 211.1 242.2 5.
Slide 37: Transport & Logistics – ARTL (Roads)
AEL : Transport & Logistics – ARTL (Roads) Concession Period (in Length Financial Project Completion Project Model Project SPV / Location Yrs) (KMs) Closure Status (Const. + O&M) Bilaspur Pathrapali Road Pvt Ltd (BPRPL) / 53.3 Secured Operational 2 + 15 Chhattisgarh Suryapet Khammam Road Pvt Ltd (SK
Slide 38: Transport & Logistics – ARTL (Roads)
AEL : Transport & Logistics – ARTL (Roads) Project Length Financial Project Completion Concession Period (in Yrs) Project SPV / Location Model (KMs) Closure Status (Const. + O&M) 21 BCPs Operation; Maharashtra Border Check Post Network Ltd 2 COD Achieved 24 BCPs Secured 1.5 + 23 (MBCPNL) / Maharasht
Slide 39: Energy & Utility – Water
AEL : Energy & Utility – Water Concession Period Project Project / Location Capacity SPV and Salient Features (In Yrs) Model (Const. + O&M) Prayagraj Water Pvt Ltd (PWPL) / 326 Uttar Pradesh MLD • Project Status ~ COD Achieved 2 + 15 HAM Bhagalpur Waste Water Ltd (BWWL) 45 • Project Status ~ 60%; 2
Slide 40: Primary Industries
Primary Industries Services & Commercial Mining Project Updates
Slide 41: Primary Industries – Mining Services
AEL : Primary Industries – Mining Services Type of Project Mine Capacity State Customer (Owner) / COD SPV Name Parsa East Kente RRVUNL 15.0 MMT Chhattisgarh Parsa Kente Collieries Ltd Basen FY 2013 CSPGCL Gare Pelma III 5.0 MMT Chhattisgarh Gare Pelma III Collieries Pvt. Ltd FY 2020 NLCIL Talabira I
Slide 42: Primary Industries – Mining Services Operational Details
AEL : Primary Industries – Mining Services Operational Details in MMT Customer Q3-23 Q3-24 9M-23 9M-24 Mine State (Owner) P D P D P D P D PEKB Chhattisgarh RRVUNL 1.7 1.3 0.0 0.0 7.3 5.6 4.8 4.2 Gare Pelma III Chhattisgarh CSPGCL 0.8 0.8 1.0 1.0 2.6 2.4 2.4 2.7 Talabira II & III Odisha NLCIL 2.6 2.6
Slide 43: Primary Industries – Commercial Mining
AEL : Primary Industries – Commercial Mining Type of Project Mine Capacity State SPV Name Gondulpura 4.0 MMT Jharkhand Adani Enterprises Ltd Dhirauli 6.5 MMT Madhya Pradesh Stratatech Mineral Resources Pvt Ltd Bijahan 5.3 MMT Odisha Mahanadi Mines and Minerals Pvt Ltd Commercial Mining Contract Gond
Slide 44: ESG Framework
ESG Framework 44
Slide 45: ESG backed by Assurance
AEL : ESG backed by Assurance Our Key ESG Commitments • No net loss to biodiversity and 100% • Airport and data center businesses to become alignment with IBBI operational net zero by 2030 Guiding • Becoming a net water positive company • Creating shared value for communities through Policies princi
Slide 46: Adopted UN Sustainable Development Goals
AEL : Adopted UN Sustainable Development Goals Our Key Social Initiatives mapped to UNSDG United Nations Women’s Multiple • Own schools, digitalization and up gradation of Sustainable Development Goals 2030 Govt. school to provide cost free education to the Education Locations 1. No Poverty needy. 2
Slide 47: Strong Governance Framework
AEL : Strong Governance Framework Key Governance Areas Key Highlights ESG Governance Structure Board Independence ✓ 50% Independent Directors & Diversity ✓ 12.5% Women Directors Board of Directors ✓ Corporate Responsibility Committee in place with 100% Independent Directors Corporate to provide assu
Slide 48: 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 Enterprises Limited (“AEL”), the future outlook and growth prospects, and futu