Adani Energy Solutions Ltd · NSE:ADANIENSOL
Adani Energy Solutions — Q1 FY24 Earnings Presentation
36 slides from Adani Energy Solutions's earnings presentation, July 2023
Slide 1: Adani Energy Solutions Limited Q1 FY24 Results Presentation
Adani Energy Solutions Limited (Formerly known as Adani Transmission Limited) Q1 FY24 Results Presentation July 2023
Slide 2: Contents
CONTENTS 04-07 Adani Portfolio 04 09-10 Executive Summary – Q1FY24 09 12-15 Financial Highlights – Q1FY24 12 17-19 Operational Highlights – Q1FY24 17 ESG Framework 21 21-27 29 29 Recent Awards and Recognition Annexure – Rating and AESL’s 31 31-34 Asset Portfolio
Slide 3: Adani Portfolio
adani Energy Solutions Adani Portfolio
Slide 4: Adani: A World Class Infrastructure & Utility Portfolio
Adani: A World Class Infrastructure & Utility Portfolio Infrastructure and Utility Primary Industry Flagship Emerging B2C Core Portfolio Materials, Metal & Incubator Energy & Utility Transport & Logistics Direct to Consumer Mining (56.3%) (63.2%) (67.7%) (68.3%) (62.9%) (100%) AGEL AESL APSEZ Cement
Slide 5: Adani Portfolio: Decades long track record of industry best growth with national footprint
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 Growth 4x EBITDA 70% 1,2 EBITDA 92% 1,4 AEL Growth 3x Growth 1.4x APSEZ Adani’s Core Infra. Platform – 320 Mn Userba
Slide 6: Adani: Repeatable, robust & proven transformative model of investment
Adani: Repeatable, robust & proven transformative model of investment Phase Development Operations Post Operations Centre of Excellence Project Management & Assurance Group AIMSL* Policy - Strategy - Risk Origination Site Development Construction Operation Capital Mgmt Analysis & market Site acquisi
Slide 7: AESL: A platform well-positioned to leverage growth opportunities in T&D business
AESL: 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 14 states Development with 33 transmission projects Transmission(3): 19,778 ckm(1) Distribution - Integrated uti
Slide 8: AESL - Executive Summary and Key Focus Areas
Adani Energy Solutions Limited Debt Presentation | February 2 0 2 0 Transmission AESL - Executive Summary and Key Focus Areas 14
Slide 9: Executive Summary – Q1 FY24
AESL: Executive Summary – Q1 FY24 Operational Update: Other Key Updates: – Maintained system availability upwards of 99.77% – Adani Energy Solutions Ltd. (AESL), with effect from July 27, 2023, is the new name for the erstwhile Adani – Added 550 ckms to operational network during the quarter with to
Slide 10: Key Focus Areas – FY24 and Beyond
AESL: Key Focus Areas – FY24 and Beyond Financial Summary – Q1 FY24 Locked-in Growth and Outlook AESL well placed to capture future growth through multiple avenues: • Achieved double digits revenue growth of 19% in Q1FY24 • Robust under-construction pipeline worth Rs. 220 bn (including • Consolidate
Slide 11: Q1 FY24 Financial Highlights (YoY)
Revenue EBITDA PAT Rs. 3,622 Cr Rs. 1,378 Cr Rs. 182 Cr 19% up YoY 4% up YoY 8% up YoY Q1 FY24 Financial Highlights (YoY)
Slide 12: Consolidated Financial Highlights Q1FY24 YoY
AESL: Consolidated Financial Highlights Q1FY24 YoY Operational Revenue EBITDA (In Rs Cr) 1378 3622 1326 3049 Q1FY23 Q1FY24 Q1FY23 Q1FY24 PAT Cash Profit# 182 730 168 649 Q1FY23 Q1FY24 Q1FY23 Q1FY24 12 Note: #Consolidated cash profit of Rs 649 Cr during the quarter was 11% lower YoY due to the one-ti
Slide 13: Segment–wise Financial Highlights Q1FY24 YoY
AESL: Segment–wise Financial Highlights Q1FY24 YoY Operational Revenue EBITDA (In Rs Cr) 862 810 2738 2213 516 516 836 884 Transmission Distribution Transmission Distribution Q1FY23 Q1FY24 Q1FY23 Q1FY24 PAT Cash Profit# 234 467 417 162 263 232 20 -66 Transmission Distribution Transmission Distributi
Slide 14: Transmission Utility - Revenue and Operating EBITDA Bridge Q1FY24 YoY
AESL: Transmission Utility - Revenue and Operating EBITDA Bridge Q1FY24 YoY (In Rs Cr) Revenue (excluding incentive) up 6% supported by Operating EBITDA up 5% driven by strong revenue revenue contribution from new line elements 46 69 (8) 2 (22) 808 858 767 812 Q1 FY24 Newly operational SPVs Normal r
Slide 15: Distribution (AEML+MUL) - Revenue and Operating EBITDA Bridge Q1FY24 YoY
AESL: Distribution (AEML+MUL) - Revenue and Operating EBITDA Bridge Q1FY24 YoY (In Rs Cr) Revenue up 24% driven by higher energy demand Operating EBITDA ended flat YoY 514 306 25 ( 840 ) 527 21 5 (7) (6) 2,738 ( 15 ) 2,213 447 446 Q1 FY24 Sale of Energy & Wheeling charges Fuel Adjustment Other Opera
Slide 16: Q1 FY24 Operational Highlights (YoY)
▪ Average Transmission System Availability 99.77% ▪ Transmission Network at 19,778 ckm added 550 ckm ▪ Supply Reliability (ASAI) in AEML is above 99.99% ▪ Distribution Loss in AEML further improved to 4.85% Q1 FY24 Operational Highlights (YoY)
Slide 17: Transmission Utility – Key Operating Metrics Q1FY24 (YoY)
AESL: Transmission Utility – Key Operating Metrics Q1FY24 (YoY) Transmission Network Length(2) (ckm) Power Transformation Capacity(2) (MVA) 19,778 18,795 46,001 40,001 Added 550 ckm to the Continuous expansion operational network in in transformation Q1 with total network capacity on account of at 1
Slide 18: Distribution Utility (AEML) – Key Operating Metrics Q1FY24 (YoY)
AESL: Distribution Utility (AEML) – Key Operating Metrics Q1FY24 (YoY) Supply Reliability (ASAI) (%) SAIDI (mins), SAIFI (nos.) and CAIDI (mins)(1) SAIFI SAIDI CAIDI 99.991% 99.991% 35.73 35.71 Maintained supply Consistent reliability of more improvement in the than 99.9% 11.6 11.98 reliability para
Slide 19: Distribution Utility (AEML) – Key Operating Metrics Q1FY24 (YoY)
AESL: Distribution Utility (AEML) – Key Operating Metrics Q1FY24 (YoY) Consumer base (million) Distribution Loss (%) E-payment (% of total collection) 3.13 3.08 78.48% 74.72% Increase in E-payments 6.95% consumer base Distribution loss remains strong reflecting AEML lower than usual with greater as
Slide 20: AESL - ESG Framework
Adani Energy Solutions Limited Debt Presentation | February 2 0 2 0 Transmission AESL is now certified Won the prestigious Continue to maintain Single Use Plastic (SUP) Free “Golden Peacock Award in Best-in-class ESG ratings Environment Management Net Water Positive From global rating agencies: (GPE
Slide 21: ESG Framework
AESL: ESG Framework United Nations GHG Protocol SBTi Global Compact Guiding IR framework Policies Guiding Principles and TCFD reporting CDP disclosure principle Disclosure Standards UN Sustainable GRI Standards Development Goals Policy Structure Focus Areas ESG ESG • Environment Policy UNSDG aligned
Slide 22: Environment: Key Environmental Indicators and Milestones
AESL: Key Environmental Indicators and Milestones Key Performance Indicators Current Status Baseline Medium to Long-term Targets Energy Mix & Emission Intensity AEML has achieved 30% renewable in power mix in March 30% by 2023 - RE share in power procurement 3% 60% by FY27 2023 (achieved) The target
Slide 23: Social Philosophy and Focus Areas
AESL: Social Philosophy and Focus Areas 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 benefite
Slide 24: Social: Key Social Indicators and Milestones
AESL: Key Social Indicators and Milestones Target Material Categories Material Themes Key Performance Indicators Baseline (FY23-24) Zero Rate of fatalities per million hours worked Zero (FY 20-21) Work related injury Rate of recordable work-related injuries per million man-hours 0.33 Zero worked (FY
Slide 25: Governance Philosophy and Focus Areas
AESL: Governance Philosophy and Focus Areas Policies Committees Assurance • Corporate Responsibility Committee • Environment Policy covered in BR Policy • Risk Management Committee Corporate Governance Responsibility Committee • Corporate Social Responsibility Policy • Corporate Social Responsibilit
Slide 26: Governance: Key Governance Indicators and Milestones
AESL: Key Governance Indicators and Milestones Material Categories Material Themes Key Performance Indicators Baseline Actions Taken and Goals 16.6% - women Board Gender Balance the board composition in terms of men • % of women directors in board improved to Board Gender Diversity directors in boar
Slide 27: Enhanced Safety Culture
AESL: Enhanced Safety Culture Safety Initiatives During Q1FY24 Safety Performance in Q1FY24 • Safety training: 47,130 man-hours of safety training and awareness during Q1 FY24 Transmission Distribution (AEML) • Positive Safety Culture: Safety Parameters Q1FY24 Q1FY23 Q1FY24 Q1FY23 o Enhanced safety
Slide 28: Recent Award and Achievements
Recent Award and Achievements
Slide 29: Recent Awards & Achievements
AESL: Recent Awards & Achievements AEML secured Rank 1 out of 71 discoms Adani Energy Solutions has won the AESL is in the Top 50 of India’s Most evaluated and scored 99.6% out of prestigious Golden Peacock Award Sustainable Companies in the annual 100 in the Integrated Discom Ranking in Environment
Slide 30: Annexure– Rating and Operational and Under-construction Asset Portfolio
Adani Energy Solutions Limited Debt Presentation | February 2 0 2 0 Transmission Annexure– Rating and Operational and Under-construction Asset Portfolio 14
Slide 31: AESL and AEML Credit Ratings
AESL and AEML Credit Ratings International – ATSOL Obligor Group (Transmission business) (Reg S/ 144A) SPV Ratings - Domestic Rating Agency Facility Rating/Outlook Company Rating Agency Rating Outlook Fitch Dollar Bond BBB-/Stable AESL India Ratings AA+ Negative AESL ICRA A1+ Stable Moody’s Dollar B
Slide 32: AESL’s Operational Asset Portfolio (T&D) as of Q1 FY24 (June 2023)
AESL’s Operational Asset Portfolio (T&D) as of Q1 FY24 (June 2023) Adani Energy Solutions Limited 100% 100% 75% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% ATSCL & WTGL, PPP Bikaner Obra-C Lakadia WRSS – Jam ATIL MEGPTCL AEML MUL ATBSPL ATRL RRWTL CWRTL FBTL
Slide 33: AESL‘s Under-construction Transmission Asset Portfolio as of Q1 FY24
AESL‘s Under-construction Transmission Asset Portfolio as of Q1 FY24 (June 2023) Adani Energy Solutions Limited 100% 100% 100% 100% 100% 100% 100% Since AESL’s evolution its Transmission Network 100% 100% (ckms) has grown 3.5x and expanded into Distribution Khavda- MP Kharghar AEMIL NKTL WKTL Bhuj K
Slide 34: AESL‘s Smart Metering Under-construction Portfolio as of Q1 FY24
AESL‘s Smart Metering Under-construction Portfolio as of Q1 FY24 (June 2024) Adani Energy Solutions Limited 100% 100% 100% 100% 100% BEST APDCL APEPDCL APCPDCL APSPDCL Adani Energy Adani Energy Adani Energy BEST Smart NE Smart Solutions Step Solutions Step Solutions Step Metering Ltd. Metering Ltd.
Slide 35: Legal Disclaimer
Legal Disclaimer The information contained in this presentation is provided by Adani Energy Solutions Limited (together with its subsidiaries, the “Company” or “AESL”) to you solely for your reference and for information purposes only. This presentation is highly confidential and is being given sole
Slide 36: Thank You
MUSHKILON K\ adani , NAHI SUNTE, HUM KARKE DIKHATE HAIN. #HumKarkeDikhateHain — adani Energy Solutions Thank You
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