Adani Ports & Special Economic Zone Ltd · NSE:ADANIPORTS

Adani Ports & Special Economic Zone — Q2 FY24 Earnings Presentation

76 slides from Adani Ports & Special Economic Zone's earnings presentation, Nov 9, 2023

  1. Slide 1: Submission of Media Release and Investor Presentation

    Ref No: APSEZL/SECT/2023-24/80 November 9, 2023 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

  2. Slide 2: Media Release: H1 FY24 EBITDA jumps 49%, revenue grew 26%

    Media Release H1 FY24 EBITDA jumps 49%, while revenue grew by 26% Y-o-Y  Revenue increased by 26% Y-o-Y to Rs 12,894 Cr during H1 FY24  EBITDA increased by 49% Y-o-Y to Rs 7,429 Cr  Port EBITDA margin expanded by 220 bps Y-o-Y to 72% in H1 FY24  PAT increased by 33% Y-o-Y to Rs 3,881 Cr  Record

  3. Slide 3: Key Business Highlights – H1 FY24

    improved utilizations of logistics assets have led to APSEZ recording its highest ever half-yearly rail and GPWIS volumes, with rail volumes growing at an impressive 25% YoY and GPWIS volumes growing at 42% YoY.” added Mr. Karan Adani. Operational Milestones:  On YTD basis (Apr – Oct’ 23), APSEZ ha

  4. Slide 4: Logistics Business Highlights

     Cyclone Biparjoy made landfall on the evening of 15th June and from 17th June the Mundra Port was back in operation, reflecting the resilience and preparedness of the port to withstand such extreme weather events. Logistics Business  Logistics rail volumes recorded a growth of 25% Y-o-Y to 279,17

  5. Slide 5: ESG Highlights and Awards

     Targeting Net-zero by 2040: APSEZ has appealed to the Science Based Target Initiative (SBTi) to review its illogical decision of removing APSEZ from the commitment list of companies.  ESG rating - S&P (DJSI) has provided APSEZ with a score of 65 (out of 100) and ranked it in the top 4% companies

  6. Slide 6: Media release disclaimer

    solicitation of any offer, to purchase or sell, any shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZL’s shares. Neither this press release nor any other documentation or information (or any part thereof) delivered or supplied und

  7. Slide 7: Operational & Financial Highlights – Q2 FY24

    Operational & Financial Highlights – Q2 FY24 Adani Ports and SEZ Ltd.

  8. Slide 8: Table of Contents

    Table of Contents A Adani Portfolio Overview B APSEZ Company Profile C Market Leadership D Strategic, and Operational Highlights H1 FY24 E Financial Highlights H1 FY24 F ESG Highlights G Annexures 2

  9. Slide 9: Group Profile

    A Group Profile STRICTLY CONFIDENTIAL

  10. 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%) (56.3%) (73.2%) (65.5%) (100%) (63.2%) AGEL AESL APSE

  11. 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

  12. Slide 12: Adani Portfolio: Repeatable, robust & proven model of investment

    Adani Portfolio: Repeatable, robust & proven transformative model of investment Phase Development Operations Post Operations Center of Excellence Project Management & Assurance Group AIMSL 1 Policy -Strategy - Risk Origination Site Development Construction Operation Capital Mgmt Activity • Analysis

  13. Slide 13: APSEZ: Company Profile

    B APSEZ: Company Profile STRICTLY CONFIDENTIAL

  14. Slide 14: APSEZ: Transformational Business Model

    APSEZ: Transformational Business Model Ports SEZ Logistics • National footprint with 14 ports • Large scale ‘ready to setup’ industrial • Largest integrated logistics player in across country’s coastline, & 2 ports land (SEZ) India Development outside India • Land Bank of 12,000 ha. at Mundra, • Rai

  15. 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 West Coast East Coast Capacity Capacity ~355 MMT ~252 MMT Dahej Moga Kanech One to fourteen in 16 Kotkapura two decades MMT Kilaraipur Kaithal Panipat Tuna Tauru Dhamora 14 Patli & Palwal Kannauj Samastipur & MMT Kishan

  16. Slide 16: Logistics to provide growth impetus

    APSEZ: Logistics to provide growth impetus & help reaching customer's gate Trains MMLPs Grain Silos Ware-housing Rail Tracks Marine Flotila* Assets 58 5 0.88 0.4 mn 540 26 FY20 Trains MMLP MMT Sq. ft. KMs 104 10 1.1 2.4 mn 620 H1 FY24 KMs 112 Trains MMLP MMT Sq. ft. 1.9X 1.5X 2.5X 25X 3X 1.1X 200+Tr

  17. Slide 17: Market leadership

    C Market leadership STRICTLY CONFIDENTIAL

  18. Slide 18: Changing the landscape of India's port sector

    APSEZ: Changing the landscape of India’s port sector 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, our ave

  19. Slide 19: 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 Cargo Volumes 1,500 1,433 1,400 Cargo Volumes (MMT) 1,300 1,433 1,208 1,500 1,200 1,350 1,100 1,200 1,000 934 1,050 900 900 934 FY13 FY18 FY23 750 All India Cargo (MMT) 600 450 383 337 400 337 300 91 300

  20. Slide 20: Geographical & cargo diversification to mitigate business risks

    APSEZ: Geographical & cargo diversification to mitigate business risks East Coast – West Coast Parity Cargo Diversification 16% 39% 337 FY18 FY23 MMT FY13 61% 84% 100% 38% 180 West East West East West East MMT Growing share of non Mundra Cargo 91 MMT 9% 32% 28% 54% Non Mundra ports volume CAGR 36% 9

  21. Slide 21: Strategic partnerships and asset profile ensures stickiness in cargo

    APSEZ: Strategic partnerships and asset profile ensures stickiness in cargo Strategic Partnerships Sticky Cargo Year Company Name Partner & Stake 56% 339 54% Adani International 312 MSC 49% 2011 Container (50%) Terminal Pvt Ltd 247 Adani CMA Mundra CMA-CGM 2014 Terminal 183 (50%) Pvt Ltd 155 138 Dha

  22. Slide 22: Growth fueled through organic and inorganic investments

    APSEZ: Growth fueled through organic and inorganic investments All India and APSEZ Cargo Volumes Top 10 ports of India FY05 FY13 FY23 Market Share of APSEZ (%) Vizag Kandla Mundra 25% 24% Chennai Mundra Kandla 20% Kandla Vizag Paradip Haldia JNPT Sikka 15% 10% Mumbai Chennai JNPA 10% Mangalore Parad

  23. Slide 23: Strong cashflow generation

    APSEZ: Strong cashflow generation Revenue from operations (Rs Cr) EBITDA (Rs Cr) Net Cash Generated from Operations (Rs Cr) 25,000 14,000 12,833 14,000 20,852 11,933 12,000 12,000 20,000 10,000 10,000 15,000 8,000 7,145 8,000 11,323 5,608 10,000 6,000 6,000 4,000 4,000 5,000 3,577 2,383 2,000 2,000

  24. Slide 24: EBITDA margin expansion across ports and logistics business

    APSEZ: EBITDA margin expansion across both ports and logistics business Ports EBITDA (Rs Cr) Logistics EBITDA (Rs Cr) 14,000 600 12,039 12,000 487 500 10,000 400 8,000 6,000 5,144 300 4,000 200 1,865 76 2,000 100 - - FY13 FY18 FY23 FY18 FY23 Ports EBITDA Margin % Logistics EBITDA Margin % 70% 30% 28

  25. Slide 25: Strategic and Operational Highlights H1 FY24

    D Strategic, and Operational Highlights H1 FY24 STRICTLY CONFIDENTIAL

  26. Slide 26: Operational & Strategic Highlights – H1 FY24 (Ports)

    APSEZ: Operational & Strategic Highlights – H1 FY24 Ports • Achieved another key milestone of crossing 200 MMT mark volumes within six-months • On YTD basis (Apr-Oct’ 23), APSEZ has handled 240 MMT of cargo vis-à-vis its FY guidance of 370-390 MMT • Overall, cargo volumes recorded a healthy 14% YoY

  27. Slide 27: Operational & Strategic Highlights – H1 FY24 (Logistics)

    APSEZ: Operational & Strategic Highlights – H1 FY24 Logistics • Asset utilization continued to improve in 1H FY24 also, with rail volumes recording an increase of 25% Y-o-Y to reach 279,177 TEUs, while bulk volumes reached 8.92 MMT, a substantial 42% Y-o-Y growth during H1 FY24. • With an EBITDA mar

  28. Slide 28: New services introduced during H1 FY24

    APSEZ: New services introduced during H1 FY24 • Mundra Port handled its first export of 9,008 MT Hydrolysis Pi Gas (HPG), thereby expanding the liquids product portfolio (Naphtha, HSD, FO, Methanol and DNA) • Kattupalli Port has successfully added Gold Star Line (GSL), a new fortnightly direct servi

  29. Slide 29: New operational milestones

    APSEZ: New operational milestones • Mundra Liquid Terminal handled the largest vegetable oil (Crude Soya Bean Oil) shipment of 61,841 MT • Mundra Port berthed one of the largest ships ever – MV MSC Hamburg, 399 m long and 54 m wide, with a carrying capacity of 15,908 TEUs and a current reported drau

  30. Slide 30: Key awards reflecting operational excellence (1/2)

    APSEZ: Key awards reflecting operational excellence (1/2) • 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 • AICTPL won two awards at the 7th Ed

  31. Slide 31: Key awards reflecting operational excellence (2/2)

    APSEZ: Key awards reflecting operational excellence (2/2) • Kattupalli Port received the ‘Platinum Award’ for outstanding achievements on various sustainability initiatives under the APEX India Greenleaf Award 2022 • Mormugao Port received the ‘Platinum Award’ for ‘Environment Excellence’ under the

  32. Slide 32: Robust growth coupled with diversification – Q2 FY24

    APSEZ: Robust growth coupled with diversification – Q2 FY24 (YoY) Q2 FY23 Q2 FY24 APSEZ Cargo volume 17% 86.58 101.22 East Coast Volume* Non Mundra Volume* Total MMT MMT 13% 17% 86.58 98.12 12% Domestic MMT MMT 34.49 40.23 47.74 53.68 MMT MMT MMT MMT International 3.10 - MMT ASPEZ Container volume 2

  33. Slide 33: Robust growth coupled with diversification – H1 FY24

    APSEZ: Robust growth coupled with diversification – H1 FY24 (YoY) H1 FY23 H1 FY24 APSEZ Cargo volume 14% 177.47 202.59 East Coast Volume* Non Mundra Volume* Total MMT MMT 11% 20% 177.47 196.25 15% Domestic MMT MMT 69.66 83.60 96.09 110.29 MMT MMT MMT MMT International 6.34 - MMT ASPEZ Container volu

  34. Slide 34: Concentration risk mitigation continues – H1 FY24

    APSEZ: Concentration risk mitigation continues – H1 FY24 39% 43% 40% 40% East Coast vs West Coast Share* 61% 57% 60% 60% H1 FY23 H1 FY24 H1 FY23 H1 FY24 APSEZ All India West Coast East Coast H1 FY24 H1 FY23 44% 46% Mundra vs Non Mundra Share* 56% 54% Mundra Non-Mundra Mundra Non-Mundra 28 * The data

  35. Slide 35: Diversifying cargo portfolio

    APSEZ: Diversifying cargo portfolio 41% 43% 41% 41% 38% 38% 37% 37% 37% 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 H1 FY24 Dry (Thermal & Coking Coal) Dry (Other than Coal) Liquid (

  36. Slide 36: Balanced growth across ports – Q2 FY24

    APSEZ: Balanced growth across ports – Q2 FY24 • Growth at Mundra was driven primarily by container cargo followed by crude+gas and Coal • Growth at Dhamra was driven by minerals, and crude+gas cargo • Growth at Hazira was driven by container cargo • Growth at Gangavaram and Krishnapatnam was driven

  37. Slide 37: Balanced growth across ports – H1 FY24

    APSEZ: Balanced growth across ports – H1 FY24 • Growth at Mundra was driven by container cargo followed by crude+gas • Growth at Krishnapatnam was driven by all the major cargo categories • Growth at Dhamra was driven by minerals and crude+gas cargo • Growth at Hazira was driven by container cargo •

  38. Slide 38: Container and minerals cargo drives growth – Q2 FY24

    APSEZ: Container and minerals cargo drives growth – Q2 FY24 • Growth primarily driven by containers, minerals, crude+gas, coal and other dry and liquid cargo • Decline seen in fertilizers and agri cargo 32

  39. Slide 39: Container and minerals cargo drives growth – H1 FY24

    APSEZ: Container and minerals cargo drives growth – H1 FY24 • Growth primarily driven by containers, minerals, crude+gas, coal and other liquid cargo cargo • Decline seen in agri and fertilizers cargo 33

  40. Slide 40: Financial Highlights H1 FY24

    E Financial Highlights H1 FY24 STRICTLY CONFIDENTIAL

  41. Slide 41: Financial performance – Q2 FY24

    APSEZ: Financial performance – Q2 FY24 (in INR Cr) Q2 FY23 Q2 FY24 Particulars Revenue EBITDA^ PAT Revenue EBITDA^ PAT APSEZ Consolidated 5,211 3,260 1,738 6,646 3,880 1,762** JVs AICTPL (CT-3), JV with MSC 358 193 32 488 255 151 ACMTPL (CT-4), JV with CMA-CGM 201 118 13 230 132 59 IAVL, JV with Ind

  42. Slide 42: Financial performance – H1 FY24

    APSEZ: Financial performance – H1 FY24 (in INR Cr) H1 FY23 H1 FY24 Particulars Revenue EBITDA^ PAT Revenue EBITDA^ PAT APSEZ Consolidated 10,269 6,551 2,915 12,894 7,634 3,881** JVs AICTPL (CT-3), JV with MSC 757 375 26 927 494 318 ACMTPL (CT-4), JV with CMA-CGM 368 211 12 436 252 108 IAVL, JV with

  43. Slide 43: Key segment wise Operating revenue & EBITDA – Q2 FY24

    APSEZ: Key segment wise Operating revenue & EBITDA – Q2 FY24 (YoY, in INR Cr) Ports Logistics 5,052 483 72% 32% 69% 30% 4,458 3,624 361 3,066 146 116 Q2 FY 23 Q2 FY 24 Q2 FY 23 Q2 FY 24 Revenue EBIDTA EBIDTA (%) Revenue EBIDTA EBIDTA (%) SEZ & Port Development International Ports 70% 289 60% 806 11%

  44. Slide 44: Key segment wise Operating revenue & EBITDA – H1 FY24

    APSEZ: Key segment wise Operating revenue & EBITDA – H1 FY24 (YoY, in INR Cr) Ports Logistics 9,963 72% 990 70% 8,967 29% 29% 7,148 721 6,236 289 212 H1 FY23 H1 FY24 H1 FY23 H1 FY24 Revenue EBIDTA EBIDTA (%) Revenue EBIDTA EBIDTA (%) SEZ & Port Development International Ports 338 1,566 34% 11% 9% 21

  45. Slide 45: Debt Ratios

    APSEZ: Debt Ratios (YoY, in INR Cr) Gross Debt, Net Debt & Average Maturity Rating Ratios* 7.0 49,819 47,177 25% 27% 45,453 24% 22% 23% 23% 6.0 39,989 38,696 21% 34,401 5.5 18% 5.1 31,666 5.9 28,472 5.7 5.1 4.5 FY21 FY22 FY23 H1 FY24 Mar'2021 Mar'2022 Mar'2023 Sep'23 FFO / Gross Debt (13% - 15%) FFO

  46. Slide 46: Debt Maturity Profile as on 30th Sep'23

    APSEZ: Debt Maturity Profile as on 30th Sep’23 10,466 12,000 10,000 7,189 6,228 8,000 4,078 6,000 4,152 3,737 2,491 2,190 4,000 1,661 1,500 1,341 853 822 694 2,000 85 - - - 0 H2 FY24 FY 24-25 FY 27-28 FY 29-30 FY 41-42 FY 25-26 FY 26-27 FY 30-31 FY 31-32 Foreign Debt Rupee Debt (in Rs Cr) (in Rs Cr)

  47. Slide 47: Port wise returns

    APSEZ: Port wise returns 33% 28% 23% 23% 20% 20% 19%19% 16% 17% 16% 16% 14% 13% 12% 12% 11% 11% 9% Terminals 6% 6% 6% 6% 4% 3% 2% 0% Mundra Hazira Dahej Dhamra Kattupalli Krishnapatnam Gangavaram OSL Logistics -2% ROCE FY22 ROCE FY23 ROCE H1 FY24 • ROCE improving at matured ports with better capacit

  48. Slide 48: ESG Highlights

    F ESG Highlights STRICTLY CONFIDENTIAL

  49. Slide 49: Key ESG performance highlights

    APSEZ: Key ESG performance highlights Indicator FY25 Target H1 FY24 Energy & Emission RE share in total electricity# 100% 15% Energy intensity reduction* 50% 47% Emission intensity reduction* 60% 48% Water and Waste Water consumption intensity reduction* 60% 58% Zero waste to landfill 12 Ports 6 Por

  50. Slide 50: ESG Ratings

    APSEZ: ESG Ratings ▪ Ranked in the 96 percentile in the Transportation and Transportation Infrastructure out of 314 companies assessed ▪ Achieved the highest score of 90/100 on the Environmental pillar amongst the 314 companies assessed ▪ Full score obtained in the Transparency & Reporting, Environm

  51. Slide 51: Exemplifying transparency by amplifying sustainability disclosures

    APSEZ: Exemplifying transparency by amplifying sustainability disclosures GLOBAL GOALS & VERIFICATION REPORTING BRSR – Key Highlights PRINCIPLES FRAMEWORKS ▪ Report covering >95% of APSEZ Revenue ▪ Third Party Materiality verification 84% Sourced from INDIA 56% Sourced within district and neighborin

  52. Slide 52: Annexures

    G Annexures STRICTLY CONFIDENTIAL

  53. Slide 53: Port wise cargo and financial details

    Port wise cargo and financial details STRICTLY CONFIDENTIAL

  54. Slide 54: Mundra port - volume and financials Q2 FY24

    APSEZ: Mundra port - volume and financials Q2 FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin Q2 FY23 14%  69% Q2 FY24 1,530 6.1 8.2 7.8 8.8 1,221 1,058 38.8 748 44.5 24.5 27.8 Dry Container Liquid (Inc Crude) Dry Container Liquid (Inc Crude) Revenue EBITDA Q2 FY23 Q2 FY24 • Volum

  55. Slide 55: Mundra port - volume and financials H1 FY24

    APSEZ: Mundra port - volume and financials H1 FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin 6%  67% H1 FY23 H1 FY24 2,956 13.4 15.4 2,475 18.9 16.9 1,984 1,567 81.4 86.0 53.6 49.0 Revenue EBITDA Dry Container Liquid (Inc Crude) Dry Container Liquid (Inc Crude) H1 FY23 H1 FY24 •

  56. Slide 56: Krishnapatnam port - volume and financials Q2 FY24

    APSEZ: Krishnapatnam port - volume and financials Q2 FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA Port EBITDA Margin 72% Q2 FY23 4%  Q2 FY24 663 608 0.2 0.4 0.7 0.5 478 413 12.7 13.2 12.1 12.1 Revenue EBITDA Dry Container Liquid Dry Container Liquid Q2 FY23 Q2 FY24 • Increase in container an

  57. Slide 57: Krishnapatnam port - volume and financials H1 FY24

    APSEZ: Krishnapatnam port - volume and financials H1 FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA Port EBITDA Margin 73% H1 FY23 17%  H1 FY24 1,506 0.7 1.1 0.4 1.2 1,198 1,099 813 25.1 29.4 24.0 27.1 Dry Container Liquid Dry Container Liquid Revenue EBITDA H1 FY23 H1 FY24 • Increase in cargo

  58. Slide 58: Dhamra port - volume and financials Q2 FY24

    APSEZ: Dhamra port - volume and financials Q2 FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin 18%  466 63% 421 Q2 FY23 Q2 FY24 0.5 1.5 291 267 8.4 9.9 7.9 8.4 Dry Liquid Dry Liquid Revenue EBITDA Q2 FY23 Q2 FY24 • Cargo volumes increased Y-o-Y across minerals, and liquid (incl. ga

  59. Slide 59: Dhamra port - volume and financials H1 FY24

    APSEZ: Dhamra port - volume and financials H1 FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin 15%  926 63% H1 FY23 H1 FY24 836 0.9 2.3 586 533 17.1 19.8 16.3 17.4 Dry Liquid Dry Liquid Revenue EBITDA H1 FY23 H1 FY24 • Cargo volumes increased Y-o-Y across minerals, and liquid (incl

  60. Slide 60: Hazira port - volume and financials Q2 FY24

    APSEZ: Hazira port - volume and financials Q2 FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin Q2 FY23 17%  Q2 FY24 455 74% 416 1.2 1.2 339 306 3.0 6.2 3.0 7.3 2.1 3.2 Dry Container Liquid Dry Container Liquid Revenue EBITDA Q2 FY 23 Q2 FY 24 • Container volumes increased during th

  61. Slide 61: Hazira port - volume and financials H1 FY24

    APSEZ: Hazira port - volume and financials H1 FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin H1 FY23 8%  H1 FY24 866 867 73% 2.3 2.3 642 636 5.6 12.9 6.4 14.0 4.2 6.1 Dry Container Liquid Dry Container Liquid Revenue EBITDA H1 FY23 H1 FY24 • Container volumes increased during H1

  62. Slide 62: Dahej port - volume and financials Q2 FY24

    APSEZ: Dahej port - volume and financials Q2 FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA  EBITDA Margin Q2 FY23 19% Q2 FY24 193 71% 0.5 168 0.8 136 119 3.6 3.0 2.2 3.2 Coal Other Dry Cargo Coal Other Dry Cargo Revenue EBITDA Q2 FY23 Q2 FY24 • Cargo volumes for coal cargo reduced during the

  63. Slide 63: Dahej port - volume and financials H1 FY24

    APSEZ: Dahej port - volume and financials H1 FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA  EBITDA Margin H1 FY23 20% 364 69% H1 FY24 1.3 308 1.5 255 214 6.9 5.5 5.6 4.0 Coal Other Dry Cargo Coal Other Dry Cargo Revenue EBITDA H1 FY23 H1 FY24 • Cargo volumes for coal cargo reduced during H1 F

  64. Slide 64: Kattupalli port - volume and financials Q2 FY24

    APSEZ: Kattupalli port - volume and financials Q2 FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA 7%  EBITDA Margin 77 61% Q2 FY23 Q2 FY24 71 0.1 0.2 0.1 0.2 47 43 3.0 2.8 2.6 2.5 Dry Container Liquid Dry Container Liquid Revenue EBITDA Q2 FY23 Q2 FY24 • Volumes decrease for container and dry c

  65. Slide 65: Kattupalli port - volume and financials H1 FY24

    APSEZ: Kattupalli port - volume and financials H1 FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA 1%  EBITDA Margin 158 63% H1 FY23 H1 FY24 0.2 137 0.3 0.2 0.4 99 78 5.6 5.7 5.1 5.1 Dry Container Liquid Dry Container Liquid Revenue EBITDA H1 FY23 H1 FY24 • Dry cargo volumes increased during H1

  66. Slide 66: Terminals at major ports & Dighi - Q2 FY24

    APSEZ: Terminals at major ports & Dighi - volume & financials Q2 FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA 168 EBITDA Margin 5%  150 30% Q2 FY23 Q2 FY24 0.00 0.00 2.2 2.6 5.5 5,8 3.2 48 50 3.4 Dry Container Liquid Dry Container Liquid Revenue EBITDA Q2 FY23 Q2 FY24 • Volume increase is pr

  67. Slide 67: Terminals at major ports & Dighi - H1 FY24

    APSEZ: Terminals at major ports & Dighi - volume & financials H1 FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin 9%  339 28% H1 FY23 H1 FY24 303 0.02 0.03 4.5 5.0 11.1 12.1 7.1 99 94 6.6 Dry Container Liquid Dry Container Liquid Revenue EBITDA H1 FY23 H1 FY24 • Volume increase is

  68. Slide 68: Gangavaram port - volume & financials Q2 FY24

    APSEZ: Gangavaram port - volume & financials Q2 FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin Q2 FY23 7%  Q2 FY24 433 69% 391 2.9 289 3.5 270 8.2 8.7 5.2 5.3 Coal Other Coal Other Revenue EBITDA Q2 FY23 Q2 FY24 • Increase in mineral volumes led to overall increase in cargo volum

  69. Slide 69: Gangavaram port - volume & financials H1 FY24

    APSEZ: Gangavaram port - volume & financials H1 FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA 851 EBITDA Margin H1 FY23 5%  H1 FY24 775 68% 568 6.1 530 6.8 17.3 18.1 11.2 11.2 Coal Other Coal Other Revenue EBITDA H1 FY23 H1 FY24 • Increase in mineral volumes led to overall increase in cargo v

  70. Slide 70: Karaikal port - volume & financials Q2 FY24

    APSEZ: Karaikal port - volume & financials Q2 FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin Q2 FY24 154 74% 0.3 114 3.0 2.7 Coal Other Revenue EBITDA Q2 FY24 • Total Dry cargo volumes handled during the quarter was 3.0 MMT • The port achieved EBITDA margin of 74% during Q2 FY24 6

  71. Slide 71: Karaikal port - volume & financials H1 FY24

    APSEZ: Karaikal port - volume & financials H1 FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA 282 EBITDA Margin 68% H1 FY24 0.7 193 5.7 5.0 Coal Other Revenue EBITDA H1 FY24 • Total Dry cargo volumes held during H1 FY24 was 5.7 MMT • The port achieved EBITDA margin of 68% during H1 FY24 65

  72. Slide 72: Adani Logistics and Harbour services - financials Q2 FY24

    APSEZ: Adani Logistics and Harbour services- financials Q2 FY24 (YoY, in INR Cr) Logistics Harbour Services EBITDA Margin EBITDA Margin 87% 668 30% 483 637 361 584 565 146 116 Revenue EBITDA Revenue EBITDA Q2 FY23 Q2 FY24 Q2 FY23 Q2 FY24 • Logistics revenue increased on account of higher rail volume

  73. Slide 73: Adani Logistics and Harbour services - financials H1 FY24

    APSEZ: Adani Logistics and Harbour services- financials H1 FY24 (YoY, in INR Cr) Logistics Harbour Services EBITDA Margin 87% EBITDA Margin 1,320 1,220 990 29% 1,155 1,056 721 289 212 Revenue EBITDA Revenue EBITDA H1 FY23 H1 FY24 H1 FY23 H1 FY24 • Logistics revenue increased on account of higher rai

  74. Slide 74: Consolidated financial performance – SEBI format

    APSEZ: Consolidated financial performance – SEBI format CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2023 (` in crore) Quarter Ended Half Year Ended Year Ended Sr. September 30, June 30, September 30, September 30, September 30, March 31, Particulars No.

  75. Slide 75: Thank You

    Thank You Details Annexed in Linked File 1. Port-wise Cargo Volume Break up H1 FY24 2. Ports and Logistics Vertical Key Financial Performance H1 FY24 Please open the file in PDF reader and double click on the icon to open -

  76. Slide 76: 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 — Q2 FY24 Earnings Presentation on 6ix