Adani Energy Solutions Ltd · NSE:ADANIENSOL
Adani Energy Solutions — Adani Transmission — Q1 FY22 Earnings Presentation
29 slides from Adani Energy Solutions's earnings presentation, July 2021
Slide 1: Adani Transmission Limited Operational Update Q1FY22
Adani Transmission Limited Operational Update Q1FY22 July 2021
Slide 2: Contents
CONTENTS Adani Group 04 04-07 09 Executive Summary – Q1FY22 09 11-14 Q1FY22 YoY Performance 11 16-17 Global Peer Benchmarking 16 19-22 Q1FY22 QoQ Performance 19 Line Availability Across Assets 24 Groups – Obligor and USPP 24 26-27 ATL’s Asset Portfolio 26
Slide 3: Adani Group
Transmission adani
Slide 4: Adani: A world class infrastructure & utility portfolio
Adani: A world class infrastructure & utility portfolio Transport & Logistics Portfolio Adani Energy & Utility Portfolio Adani 100% 75% • Marked shift from B2B to 63.4% 57.5% B2C businesses – APSEZ ATL AGEL NQXT2 • AGL – Gas distribution Port & Logistics T&D Renewables network to serve key 100% 75%
Slide 5: Adani: 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) 45% 20% 132% 12% 1.5x 3x 30% 3x 5x 7% 4% 25% Industry ATL Industry APSEZ Industry Adani AGEL Industry AGL 2016 320,000 ckm
Slide 6: Adani: 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 Healthy pool mix Transmission Network of Transmission - Presence in 12 states Development with 27 transmission lines Transmission (FY21): 18,801 ckt km1; Distribution - Integrated ut
Slide 8: Executive Summary – Q1FY22
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Executive Summary – Q1FY22 14
Slide 9: Executive Summary – Segment-wise Performance in Q1FY22
ATL: Executive Summary – Segment-wise Performance in Q1FY22 • Distribution Business: • Transmission Business: – Supply Reliability: Maintained supply reliability – System availability: Transmission Lines are operated of 99.99% in Q1FY22 at greater than 99.85% (average) availability – Units sold: Sol
Slide 10: Q1FY22 YoY Performance
Q1FY22 YoY Performance
Slide 11: Transmission Utility – Key Operating Metrics Q1FY22 YoY
ATL: Transmission Utility – Key Operating Metrics Q1FY22 YoY Average System availability(1) (%) Transmission Network length(2) (ckt kms) 18,801 99.85% 99.87% Maintained system Significant availability above 14,814 network addition, 99% an increase of 27% yoy Q1FY22 Q1FY21 Q1FY22 Q1FY21 Higher the be
Slide 12: Distribution Utility (AEML) – Key Operating Metrics Q1FY22 YoY
ATL: Distribution Utility (AEML) – Key Operating Metrics Q1FY22 YoY Supply Reliability (ASAI) (%) SAIDI (mins), SAIFI (nos.) and CAIDI (mins)(1) SAIDI CAIDI SAIFI 99.994% 99.992% 30.62 28.65 Consistent Maintained supply improvement in reliability of more reliability than 99% 9.87 parameters 8.41 0.2
Slide 13: Distribution Utility (AEML) – Key Operating Metrics Q1FY22 YoY
ATL: Distribution Utility (AEML) – Key Operating Metrics Q1FY22 YoY Consumer base (million) Distribution Loss (%) E-payment (% of total collection) 13.47% 82.87% 3.06 3.05 Distribution E-payments loss declined remains high Marginal significantly despite opening increase in due to billing 69.73% up o
Slide 14: Distribution Utility (AEML) - Consumer Mix Q1FY22 YoY
ATL: Distribution Utility (AEML) - Consumer Mix Q1FY22 YoY Consumer-wise volume mix Consumer-wise revenue mix 11% 12% Q1FY22 Q1FY22 8% 9% 19% 25% 28% Q1FY21 Q1FY21 Consumer mix normalizing from higher residential 55% 33% 61% demand in Covid period to 66% 73% higher commercial and industrial demand d
Slide 15: Global Peer Benchmarking
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Global Peer Benchmarking (Jan-Dec’20) 14
Slide 16: Transmission Operational Parameters – Peer Benchmarking (Jan-Dec’20)
ATL: Transmission Operational Parameters – Peer Benchmarking (Jan-Dec’20) Peer Benchmarking on O&M, Employee expenses and EBITDA (INR Million per circuit km) 4.00 3.66 3.50 ATL has one of 3.00 2.43 the lowest O&M 2.50 2.25 cost per ckm 2.00 1.59 1.74 1.50 0.96 1.00 0.47 0.34 0.33 0.50 0.24 0.16 0.20
Slide 17: Transmission Financial Parameters – Peer Benchmarking (Jan-Dec’20)
ATL: Transmission Financial Parameters – Peer Benchmarking (Jan-Dec’20) Peer Benchmarking - EBITDA margin (INR billion) 250 237 100% 92% 90% 200 80% 70% 79% 80% 182 77% 77% 166 162 70% 150 145 60% 128 50% 100 40% 42 30% 28 50 20% 33 32 25 25 10% 0 0% Italian Utility Russian Utility Spanish Utility F
Slide 18: Annexure – Q1FY22 QoQ Performance
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Annexure – Q1FY22 QoQ Performance 22
Slide 19: Transmission Utility – Key Operating Metrics Q1FY22 QoQ
ATL: Transmission Utility – Key Operating Metrics Q1FY22 QoQ Average System availability(1) (%) Transmission Network length(2) (ckt kms) 18,801 17,276 99.85% 99.82% Significant network Maintained more addition during the than 99% quarter on account availability of inorganic growth Q1FY22 Q4FY21 Q1FY
Slide 20: Distribution Utility (AEML) – Key Operating Metrics Q1FY22 QoQ
ATL: Distribution Utility (AEML) – Key Operating Metrics Q1FY22 QoQ Supply Reliability (ASAI) (%) SAIDI (mins), SAIFI (nos.) and CAIDI (mins)(1) SAIFI SAIDI CAIDI 99.994% 99.992% 31.30 28.65 Outage Time AEML maintained and Outage more than 99.9% Occurrences supply 10.08 have improved 8.41 0.29 0.32
Slide 21: Distribution Utility (AEML) – Key Operating Metrics Q1FY22 QoQ
ATL: Distribution Utility (AEML) – Key Operating Metrics Q1FY22 QoQ Consumer base (million) Distribution Loss (%) E-payment (% of total collection) % 69.73% 3.06 3.06 E-payments Slight increased due to 7.56% Distribution 60.50% increase in 6.88% partial lockdown customer losses restrictions addition
Slide 22: Distribution Utility (AEML) - Consumer Mix Q1FY22 QoQ
ATL: Distribution Utility (AEML) - Consumer Mix Q1FY22 QoQ Consumer-wise volume mix Consumer-wise revenue mix 11% 12% Q1FY22 Q1FY22 13% 12% Higher residential mix in 45% 28% Q4FY21 51% QoQ basis due to partial Q4FY21 lockdown in Q1FY22 55% 36% offsetting lower 33% 61% contribution from 43% commercia
Slide 23: Transmission Line Availability– Obligor and USPP Assets Groups
Transmission Line Availability– Obligor and USPP Assets Groups
Slide 24: Q1FY22 YoY – Line availability across asset groups
ATL: Q1FY22 YoY – Line availability across asset groups Average Availability Across Operational Assets % (1) Focus on Maximizing Incentive % Line Availability - Obligor Group Incentive – Obligor 1 and Obligor 2 Normative Incentive 99.93% 99.88% 2.14% 1.27% 1.20% 1.35% 98.5% 98.5% 99.0% 99.0% 97.5% 9
Slide 25: 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 26: ATL’s Evolution and Operational Asset Portfolio as of Q1FY22
ATL’s Evolution and Operational Asset Portfolio as of Q1FY22 ATL’s Transmission Network (ckt km) has grown 3.4x Adani Transmission Limited and added Distribution business in FY19 ATL’s “Grid-to-Switch” Integrated Platform 100% 100% 75% 100% 100% 100% 100% 100% 100% 100% 100% 100% ATSCL & WTGL, PPP A
Slide 27: ATL‘s Under-construction Asset Portfolio as of Q1FY22
ATL‘s Under-construction Asset Portfolio as of Q1FY22 Adani Transmission Limited 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Obra-C WRSS – Bikaner - Lakadia Kharghar MP MP NKTL Jam Kham- FBTL GTL Banas- HVDC# WKTL Package I Package II Badaun XXI (A) Khetri baliya - Vikhroli kant
Slide 28: Thank You
adani Transmission adani Transmission Thank You -¢
Slide 29: 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