Adani Energy Solutions Ltd · NSE:ADANIENSOL
Adani Energy Solutions — Adani Transmission — Q3 FY19 Earnings Presentation
23 slides from Adani Energy Solutions's earnings presentation, Feb 13, 2019
Slide 1: Adani Transmission Limited Presentation for Investor
Adani Transmission Limited Presentation for Investor Date :13-02-2019
Slide 2: Key Achievements / Highlights
Key Achievements / Highlights FITCH International Rating Agency revised ATL’s Outlook to Stable from Negative. ATL is included in the MSCI Global Small Cap Index from 15th Nov 2018. The Company pursuant to winning through Tariff Based Competitive Bidding (TBCB) has signed Share Purchase Agreem
Slide 3: AEML - Key Highlights
AEML- Key Highlights National Stock Exchange, Kurla West (2 HT) a major customer with annual consumption of 3.78 MU, reverse migrated on 3-Dec-18 Sofitel Hotel, BKC (annual consumption 11 MU) on 30-Nov-18. New customer added during Q3 FY19 is 20,104. Certified by QCFI & JUSE (Union of Japane
Slide 4: ATL 9M Consolidated Profitability Dec'18
ATL 9M Consolidated Profitability Dec’18
Slide 5: Key Financial MIS: 9M FY19 v 9M FY18 (Consolidated)
Key Financial MIS : 9M FY19 v 9M FY18 (Consolidated) (Rs in Crore) 9M FY19 9M FY19 9M FY19 # 9M FY18 Sr No. Particulars % change Transmission Distribution (Consolidated) 1 Revenue 1.1 Income from Sale of Power and Transmission 1,636.91 2,655.87 4,292.78 1,558.74 Income from Sale of Power and Transmi
Slide 6: Key Financial MIS: 9M FY19 v 9M FY18 (Consolidated) (cont..)
Key Financial MIS : 9M FY19 v 9M FY18 (Consolidated) (cont..) (Rs in Crore) 9M FY19 9M FY19 9M FY19 # 9M FY18 Sr No. Particulars % change Transmission Distribution (Consolidated) 6=(3+4-5) EBITDA 1,663.69 800.03 2,463.72 1,505.38 7 Finance Cost 650.32 455.30 1,105.62 659.38 7.1 Outside Loan Interest
Slide 7: Key Financial MIS: Q3 FY19 v Q3 FY18 (Consolidated)
Key Financial MIS : Q3 FY19 v Q3 FY18 (Consolidated) (Rs in Crore) Q3 FY19 Q3 FY19 Q3 FY19 # Q3 FY18 Sr No. Particulars % change Transmission Distribution (Consolidated) (Actual) 1 Revenue 1.1 Net Transmission Charges 563.99 2,005.94 2,569.93 531.98 1.1.a Transmission Charges 565.67 2,005.94 2,571.6
Slide 8: Key Financial MIS: Q3 FY19 v Q3 FY18 (Consolidated) (cont..)
Key Financial MIS : Q3 FY19 v Q3 FY18 (Consolidated) (cont..) (Rs in Crore) Q3 FY19 Q3 FY19 Q3 FY19 # Q3 FY18 Sr No. Particulars % change Transmission Distribution (Consolidated) (Actual) 6=(3+4-5) EBITDA 521.68 595.66 1,117.33 516.53 116.32% 7 Finance Cost 224.61 345.69 570.30 233.98 7.1 Outside Lo
Slide 9: ATL-Transmission
ATL-Transmission adani
Slide 10: Operational Performance At A Glance - Transmission Q3 2018
Operational Performance At A Glance -Transmission Q3 2018 System Availability Company Interstate/Intra-state Lines Q3 2018-19 Q3 2017-18 Inter State- CTU (GJ & HR) Mundra - Mohindergarh Line 99.94% 99.92% ATIL Intra State- CTU (GJ) Mundra - Dehgam Line 99.71% 99.78% Intra State-MSETCL (MH) Tiroda-
Slide 11: Key Financial MIS: 9M FY19 v 9M FY18 (Consolidated without AEML)
Key Financial MIS : 9M FY19 v 9M FY18 (Consolidated without AEML) (Rs in Crore) 9M FY19 9M FY18 Sr No. Particulars (Actual) (Actual) 1 Revenue 1.1 Net Transmission Charges 1,636.91 1,558.74 1.1.a Transmission Charges 1,641.86 1,561.84 1.1.b Less: Rebate 4.95 3.10 1.2 Incentive on availability 37.00
Slide 12: Key Financial MIS: 9M FY19 v 9M FY18 (without AEML) (cont..)
Key Financial MIS : 9M FY19 v 9M FY18 (Consolidated without AEML) (cont..) (Rs in Crore) 9M FY19 9M FY18 Sr No. Particulars (Actual) (Actual) 6=(3+4-5) EBITDA 1,663.69 1,505.38 7 Finance Cost 650.32 659.38 8 Depreciation 448.00 436.57 9=(6-7-8) PBT(before one time income) 565.37 409.42 10 Arrears In
Slide 13: Revenue Variance
Revenue Variance Rs. In Crs 1,750 1 1,700 43 67 1,650 29 1,600 84 1,550 1,637 1,500 1,559 1,450 9M FY 18-19 ATIL Normal As per MERC order Decrease in MTSCL WTPL & WTGL acq CWRTL 9M FY 17-18 Revenue Revenue decrease in MEGPTCL & ATSCL as per in Nov'17. ,PPP8,9,10,STL & Revenue as YoY basis. Rs.20.8 C
Slide 14: EBITDA Variance
EBITDA Variance Rs. In Crs EBITDA (Rs. In Cr) Variance 1,540 1,520 1,500 78 1,480 1,460 1,528 10 11 1,440 1,420 1,451 1,400 1,380 9M FY 18-19 Due to Revenue Incentive Operating Expense on 9M FY 17-18 Higher Assets
Slide 15: Key Financial MIS: Q3 FY19 v Q3 FY18 (Consolidated without AEML)
Key Financial MIS : Q3 FY19 v Q3 FY18 (Consolidated without AEML) (Rs in Crore) Q3 FY19 Q3 FY18 Sr No. Particulars (Actual) (Actual) 1 Revenue 1.1 Net Transmission Charges 563.99 531.98 1.1.a Transmission Charges 565.67 533.29 1.1.b Less: Rebate 1.68 1.31 1.2 Incentive on availability 12.12 11.36 2
Slide 16: Key Financial MIS: Q3 FY19 v Q3 FY18 (without AEML) (cont..)
Key Financial MIS : Q3 FY19 v Q3 FY18 (Consolidated without AEML) (cont..) (Rs in Crore) Q3 FY19 Q3 FY18 Sr No. Particulars (Actual) (Actual) 6=(3+4-5) EBITDA 521.68 516.53 7 Finance Cost 224.61 233.98 8 Depreciation 151.78 146.02 9=(6-7-8) PBT(before one time income) 145.29 136.53 10.1 ATIL Arrear
Slide 17: Consolidated Debt Profile
Consolidated Debt Profile WTGL/WTPL/ Under Particulars ATL Obligors Maru/Aravali Construction AEML Tota Long Term Loan 6554 1061 2119 8329 18063 Short Term Loan/Working 1000 - - 991 1991 Capital Total 7554 1061 2119 9320 20054 Less Cash and Cash 823 Equivalents Net Debt 19231
Slide 18: AEML - Distribution
AEML - Distribution adani
Slide 19: Operational Performance At A Glance – AEML Consumption Mix
Operational Performance At A Glance – AEML Consumption Mix: Q3 2018 Vs Q3 2017 Particulars Q3 2018 YTD Dec 18 Q3 2017 YTD Dec 17 Units purchased (MU's) * 2,298 7,120 2,144 6,979 Units Sold (MU's) 2,137 6,577 1,973 6,423 Distribution loss % 7.53% 8.26% 8.69% 8.66% * This is after considering transmis
Slide 20: Key Financial MIS: Profitability of Adani Electricity Mumbai Limited (Sep to Dec'18)
Key Financial MIS: Profitability of Adani Electricity Mumbai Limited ( Sep to Dec’18 to Sep to Dec 17) Particulars Sept to Dec'18 Sept to Dec'17 MU's Sold 2,834.00 2,690.00 Avg Realisation Rate excl FAC 7.95 7.73 Revenue : Income from Sale of Energy 2,478.02 2,166.12 Less - Discount for Prompt payme
Slide 21: Waterfall Revenue Variance of AEML Sep-Dec'18
Waterfall Revenue Variance of AEML Sep-Dec’18
Slide 22: Waterfall EBITDA Variance of AEML Sep-Dec'18
Waterfall EBITDA Variance of AEML Sep-Dec’18 Sep to Dec 2018 Variance 800 700 28 15 30 600 125 309 500 166 400 3 12 721 300 200 100 - EBITDA Dec Income from Wheeling other Carrying cost Cost Of Power Transmission Operation and Employee EBITDA Dec 18 Sale of charges & Operational on RA & Fuel Charges
Slide 23: Key Financial MIS: Profitability of Adani Electricity Mumbai Limited (Q3 2018 to Q3 2017)
Key Financial MIS: Profitability of Adani Electricity Mumbai Limited ( Q3 2018 to Q3 2017) Particulars Q3 2018 Q3 2017 MU's Sold 2,139.00 1,973.00 Avg Realisation Rate excl FAC 7.85 7.73 Revenue : Income from Sale of Energy 1,869.01 1,586.04 Less - Discount for Prompt payment of Bills 8.19 5.80 Sub