Adani Energy Solutions Ltd · NSE:ADANIENSOL
Adani Energy Solutions — Adani Transmission — Q3 FY22 Earnings Presentation
43 slides from Adani Energy Solutions's earnings presentation, February 2022
Slide 1: Adani Transmission Limited 9M and Q3FY22 Results Presentation
Adani Transmission Limited 9M and Q3FY22 Results Presentation February 2022
Slide 2: Contents
CONTENTS 04-07 Adani Group and ATL 04 Executive Summary– 09 09 9MFY22 Financial Highlights – 11-19 9MFY22 and Q3FY22 11 21-22 ESG Performance 21 Recent ESG and Industry- 24 specific Achievements 24 Annexure – Op Highlights, Asset Portfolio, ATL Profile, 27-41 ESG 27
Slide 3: Adani Group
Transmission
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 63.8% 61.3% B2C businesses – APSEZ ATL AGEL NQXT2 • ATGL – 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% 21% 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 Balanced pool mix Transmission Network of Transmission - Presence in 13 states Transmission (FY21): Development with 31 transmission projects 18,567 ckm(1) 51% of EBITDA - Central po
Slide 8: Executive Summary – 9MFY22
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Executive Summary – 9MFY22 14
Slide 9: Executive Summary – Operational and Financial Performance 9MFY22
ATL: Executive Summary – Operational and Financial Performance 9MFY22 Operational Update: • Other Updates: – Added 3,080 ckm to operational network reaching to 18,567 ckm – Transmission Lines operating at greater than 99.62% system availability – Received LOI for Karur Transmission and Khavda Transm
Slide 10: Financial Highlights – 9MFY22
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Financial Highlights – 9MFY22 14
Slide 11: Consolidated Financial Highlights 9MFY22 YoY
ATL: Consolidated Financial Highlights 9MFY22 YoY Operational Revenue EBITDA (In Rs. Crs) 7602 4111 15.8% 5.7% 3890 6564 9MFY21 9MFY22 9MFY21 9MFY22 Cash Profit PAT 2290 -0.6% 2276 1033 -3.3% 999 9MFY21 9MFY22 9MFY21 9MFY22 11 Note: Cash profit calculated as PAT + Depreciation + Deferred Tax + MTM o
Slide 12: Segment–wise Financial Highlights 9MFY22 YoY
ATL: Segment–wise Financial Highlights 9MFY22 YoY Operational Revenue Operational EBITDA (In Rs. Crs) 5230 2195 4492 1917 1279 1239 2372 2072 Transmission Distribution Transmission Distribution 9MFY21 9MFY22 9MFY21 9MFY22 EBITDA PAT 2598 906 2314 845 1576 1513 188 93 Transmission Distribution Transm
Slide 13: Transmission Utility - Revenue and Operating EBITDA Bridge 9MFY22 YoY
ATL: Transmission Utility - Revenue and Operating EBITDA Bridge 9MFY22 YoY (In Rs. Crs) Revenue (ex incentive) up 15.0% supported by revenue Operating EBITDA up 14.5% driven by strong revenue contribution from new line elements 104 128 303 104 (6) (10) (40) 22 2,319 2,195 ( 23 ) (3) 2,016 1,917 9M F
Slide 14: Distribution Utility (AEML) - Revenue and Operating EBITDA Bridge 9MFY22 YoY
ATL: Distribution Utility (AEML) - Revenue and Operating EBITDA Bridge 9MFY22 YoY (In Rs. Crs) Revenue up 16.4% driven by higher energy demand Operating EBITDA declined by 3.1% 738 ( 797 ) 8 43 13 683 (9) 5,230 1,239 1,279 54 ( 35 ) 4,492 9M FY22 Transmission Other Operating Cross Subsidy Sale of En
Slide 15: Financial Highlights – Q3FY22
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Financial Highlights – Q3FY22 14
Slide 16: Consolidated Financial Highlights Q3FY22 YoY
ATL: Consolidated Financial Highlights Q3FY22 YoY Operational Revenue EBITDA (In Rs. Crs) 2623 1325 14.5% 5.8% 1253 2292 Q3FY21 Q3FY22 Q3FY21 Q3FY22 Cash Profit PAT(1) 464 2.2% 714 -40.3% 699 277 Q3FY21 Q3FY22 Q3FY21 Q3FY22 16 Note: (1) Q3FY22 PAT not comparable yoy on account of Rs. 62 cr reversal
Slide 17: Segment–wise Financial Highlights Q3FY22 YoY
ATL: Segment–wise Financial Highlights Q3FY22 YoY Operational Revenue Operational EBITDA (In Rs. Crs) 1797 762 1588 650 475 826 406 704 Transmission Distribution Transmission Distribution Q3FY21 Q3FY22 Q3FY21 Q3FY22 EBITDA PAT(1) 814 271 669 239 584 511 193 38 Transmission Distribution Transmission
Slide 18: Transmission Utility - Revenue and Operating EBITDA Bridge Q3FY22 YoY
ATL: Transmission Utility - Revenue and Operating EBITDA Bridge Q3FY22 YoY (In Rs. Crs) Revenue (ex incentive) up 17.9% supported by revenue Operating EBITDA up 17.2% driven by strong revenue contribution from new line elements 123 102 ( 10 ) 25 (1) 11 (11) (3) (2) 808 762 650 685 Q3 FY22 Newly oper
Slide 19: Distribution Utility (AEML) - Revenue and Operating EBITDA Bridge Q3FY22 YoY
ATL: Distribution Utility (AEML) - Revenue and Operating EBITDA Bridge Q3FY22 YoY (In Rs. Crs) Revenue up 13.1% driven by higher energy demand Operating EBITDA declined by 14.5% ( 30 ) (5) ( 382 ) 2 209 29 4 180 (6) 475 139 1,797 406 1,588 Q3 FY22 Transmission Other Operating Cross Subsidy Sale of E
Slide 20: ESG - Performance
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission ESG - Performance 08
Slide 21: ESG Initiatives and Achievements – 9MFY22
ATL: ESG Initiatives and Achievements – 9MFY22 ESG Initiatives and Achievements – 9MFY22 • One of the 20 companies from India to become signatory to UN “Energy Compact” during COP26 in Nov’21. Received recommendation letter from UN Energy for commitment towards the SDG-7 goal • Electric utility to h
Slide 22: Enhanced Safety Culture
ATL: Enhanced Safety Culture Safety Initiatives During 9MFY22 Safety Performance in Q3FY22 Safety Parameters Q3FY22 Q3FY21 • 93,737 man-hours of safety training and awareness during 9MFY22 Near Miss Reporting 1,232 183 (Awareness) Safety Perception Survey: Suraksha Samwad 2,541 1,314 • Conducted saf
Slide 23: Recent ESG and Industry-specific Achievements
Recent ESG and Industry- specific Achievements
Slide 24: Recent ESG and Industry-specific Awards & Achievements
ATL: Recent ESG and Industry-specific Awards & Achievements • Won three awards (Platinum, Gold and Silver) in Environmental and Confederation of Indian Economic Sustainability Category in areas of green energy and cluster- Industry’s (CII) Operational based maintenance initiatives and efforts Sustai
Slide 25: Annexure
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Annexure: – Operational Highlights - 9M and Q3 – Credit Ratings – Bond and Asset Portfolio – ATL profile – ESG framework 22
Slide 26: Operational Highlights – 9MFY22
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Operational Highlights – 9MFY22 14
Slide 27: Transmission Utility – Key Operating Metrics 9MFY22 (YoY)
ATL: Transmission Utility – Key Operating Metrics 9MFY22 (YoY) Transmission Network length(2) (ckt kms) Power Transformation Capacity(2) (MVA) 18,567 38,641 Significant network Transformation 15,487 capacity has increased addition (+20% yoy) on 27,280 account of Alipurduar and 42% during the period
Slide 28: Distribution Utility (AEML) – Key Operating Metrics 9MFY22 (YoY)
ATL: Distribution Utility (AEML) – Key Operating Metrics 9MFY22 (YoY) Supply Reliability (ASAI) (%) SAIDI (mins), SAIFI (nos.) and CAIDI (mins)(1) SAIFI SAIDI CAIDI 99.995% 99.994% 29.56 31.03 24.48 Strong improvement Maintained supply in reliability reliability of more 18.87 parameters than 99% 0.6
Slide 29: Distribution Utility (AEML) – Key Operating Metrics 9MFY22 (YoY)
ATL: Distribution Utility (AEML) – Key Operating Metrics 9MFY22 (YoY) Consumer base (million) Distribution Loss (%) E-payment (% of total collection) 7.90% 3.06 3.05 Distribution loss 69.51% 69.53% 7.01% improving E-payments Marginal consistently due remains increase in to focused loss constant cons
Slide 30: Operational Highlights – Q3FY22
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Operational Highlights – Q3FY22 14
Slide 31: Transmission Utility – Key Operating Metrics Q3FY22 (YoY)
ATL: Transmission Utility – Key Operating Metrics Q3FY22 (YoY) Transmission Network length(1) (ckt kms) Power Transformation Capacity(1) (MVA) 18,567 Significant network 38,641 Transformation 15,487 capacity has increased addition (+20% yoy) on account of Alipurduar and 27,280 42% during the period
Slide 32: Distribution Utility (AEML) – Key Operating Metrics Q3FY22 (YoY)
ATL: Distribution Utility (AEML) – Key Operating Metrics Q3FY22 (YoY) Supply Reliability (ASAI) (%) SAIDI (mins), SAIFI (nos.) and CAIDI (mins)(1) SAIFI SAIDI CAIDI 34.56 99.995% 99.992% 33.49 Outage Time AEML maintained and Outage more than 99.9% Occurrences supply have further 10.42 improved 6.59
Slide 33: Distribution Utility (AEML) – Key Operating Metrics Q3FY22 (YoY)
ATL: Distribution Utility (AEML) – Key Operating Metrics Q3FY22 (YoY) Consumer base (million) Distribution Loss (%) E-payment (% of total collection) % 69.99% 3.06 3.05 E-payments Slight Distribution loss at 63.46% remains strong increase in 6.53% declined and with greater customer 6.53% 6.70% remai
Slide 34: Future Outlook Asset Portfolio
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Future Asset Outlook Portfolio 14
Slide 35: ATL’s Evolution and Operational Asset Portfolio as of 9MFY22
ATL’s Evolution and Operational Asset Portfolio as of 9MFY22 Adani Transmission Limited ATL’s Transmission Network (ckt km) has grown 3.4x and expanded in Distribution business 100% 100% 100% 75% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% ATL’s “Grid-to-Switch” Integrated Platform ATSCL
Slide 36: ATL‘s Under-construction Asset Portfolio as of 9MFY22
ATL‘s Under-construction Asset Portfolio as of 9MFY22 Adani Transmission Limited 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Obra-C WRSS – Lakadia MP Kharghar Jam Kham- NKTL Banas- WKTL HVDC# Khavda Karur Badaun XXI (A) baliya Package II - Vikhroli kantha North Obra Lakadia - Lakadia- Jam
Slide 37: ESG Framework
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission ESG Framework 08
Slide 38: Robust ESG Framework
ATL: Robust ESG Framework United Nations GHG Protocol SBTi Global Compact Guiding IR framework Policies Guiding Principles and TCFD CDP disclosure principle reporting Disclosure Standards UN Sustainable GRI Standards Development Goals Policy Structure Focus Areas ESG • Environment Policy UNSDG align
Slide 39: Progressing on Environmental and Climate Commitments
ATL: Progressing on Environmental and Climate Commitments Indicators Progress and Status: 9MFY22 Medium to Long-term Targets Energy Mix & Emission Intensity AEML has tied up a hybrid (Solar +Wind) 700 RE share in power procurement 30% by FY23 60% by FY27 MW PPA The target for GHG emissions reduction
Slide 40: Social Philosophy
ATL: Social Philosophy Our social Initiatives are mapped to UNSDG 2030 • Physical infrastructure and e-learning platform in rural areas Access to Education • Educational Kits (2830 students benefited) & School Uniforms Tiroda, Dahanu and to Anganwadi children (5780 students benefited) 1. No Poverty
Slide 41: Governance Philosophy
ATL: Governance Philosophy Policies Committees Assurance • Corporate Responsibility Committee • Environment Policy covered in BR Policy • Risk Management Committee Corporate Responsibility Committee • Corporate Social Responsibility Policy • Corporate Social Responsibility Committee • Occupational H
Slide 42: 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
Slide 43: Thank You
adani Transmission Thank You adani Transmission x