Adani Enterprises Limited · NSE:ADANIENT
Adani Enterprises — Bank of America India Virtual Conference 2021
49 slides from Adani Enterprises's conference presentation, Mar 8, 2021
Slide 1: Intimation for participation in Investors' Conference
adani 8 th March, 2021 BSE Limited National Stock Exchange of India Limited P J Towers, Exchange plaza, Dalal Street, Bandra-Kurla Complex, Mumbai - 400001 Sandra (E), Mumbai - 400051 Scrip Code: 512599 Scrip Code: ADANIENT Dear Sir, Sub: Intimation for participation in the Investors' Conference/ We
Slide 2: Adani Airports Equity Note – March 2021
Adani Airports adan· Equity Note – March 2021
Slide 3: Adani Group
1 Adani Group STRICTLY CONFIDENTIAL
Slide 4: ADANI - world class infrastructure & utility portfolio
ADANI - world class infrastructure & utility portfolio adani Transport & Logistics Portfolio Energy & Utility Portfolio Marked shift from B2B to Adani B2C businesses 63.5% 100% 100% 75% 75% 55% 37.4% • ATGL – Gas distribution network to serve key geographies across India APSEZ SRCPL APL AGL NQXT A
Slide 5: Decades long track record of industry best growth rates across sectors
ADANI- Decades long track record of industry best growth rates across sectors adani Port Cargo Throughput (MT) Renewable Capacity (GW) Transmission Network (ckm) CGD(7) (GAs(8) covered) 161% 45% 12% 21% 2.5x 6x 3x 30% 1.5x 5% 7% 25% Adani Industry adanr APSEZ Industry Adani AGEL Industry ATL Industr
Slide 6: Repeatable, robust & proven model to deliver RoE
ADANI - repeatable, robust & proven model to deliver RoE Phase Development Operations Post Operations Phases O&M Origination Site Development Construction Operation Capital Management • Analysis & market • Site acquisition • Engineering & • Life cycle O&M • Redesigning the intelligence • Concessions
Slide 7: Applied consistently across businesses to drive value
… applied consistently across businesses to drive value Key Business Model Attributes Successfully applied across Infrastructure & Utility platform Development at large scale & within time and budget India’s Largest Longest Private HVDC 648 MW Ultra Mega Largest Single Location Commercial Port Lin
Slide 8: Adani Airports – Emulating Group's Philosophy
Adani Airports – Emulating Group’s Philosophy Airports portfolio currently Large scale integrated handling ~ 25% of Indian Infrastructure built End to end integration in business platform air traffic considering future select business for value Consumer base of ~300+(1) technology along with enhance
Slide 9: Adani Airports - Platform Overview
2 Adani Airports - Platform Overview STRICTLY CONFIDENTIAL
Slide 10: Adani Airports - Holding Structure
Adani Airports - Holding Structure Adani Enterprises Ltd 100% Adani Airport Holding Co. MIAL AMD* JAI* GUW* (74%) (100%) (100%) (100%) NMIAL LKO* TRI* IXE* (74% at MIAL) (100%) (100%) (100%) Core Airports Regional Airports AMD – Ahmedabad; LKO – Lucknow; IXE – Mangaluru; GUW – Guwahati; JAI – Jaipur
Slide 11: Adani Airports – Portfolio Overview
Adani Airports – Portfolio Overview Network Effect Platform Integrated International Gateway Multi modal transport hub Amritsar + City-center airports 2.4 Mn Regional Network Guwahati Jaipur Lucknow 5.4 Mn 5.0 Mn 5.4 Mn Audience of One - Consumer Segments Varanasi Passengers Ahmedabad 3.0 Mn 11.4 Mn
Slide 12: Adani Airports – Operational Framework
Adani Airports – Operational Framework Adani Airport Digital Platform Passengers Non-Passengers (Greeters + Non-Passengers) Terminal Development Terminal Plaza Interface Passenger Entry Flow Optimization Multi-modal transport hub Terminal Rental/Retail Mix Airport Integrated Real Estate Strategy Eco
Slide 13: Adani Airports – Airside Strategy
Adani Airports – Airside Strategy Passenger Profile1 Airline Profile2 Domestic Routes 49% Domestic Routes 5% International Routes International Routes 3% 3% 19% 18% 2% 2% 2% 2% 2% 2% 2% 5% 4% 3% 1% 1% Indigo Go Air Spice Jet Air Asia Air India Vistara TruJet Alliance Air BOM-DEL BLR-DEL BOM-BLR DEL-
Slide 14: Airside Strategy: Cargo to use inter-group synergies
Airside Strategy: Cargo to use inter-group synergies Adani Airports will orchestrate the journey from enabler to value creator… …by adopting the differentiating strategies Aspiration of Adani Airports Differentiator Strategies Integrated network of E2E Logistics Services, along with Adani Ports and
Slide 15: Airside Strategy: Network effect of Adani Airport Platform
Airside Strategy: Network effect of Adani Airport Platform Gateway-Feeder airport coupling development to create route development synergies International Domestic Gateway Development Middle-East Hub and Spoke Network Gateway Airports offer an opportunity to create regional accessibility Europe Deve
Slide 16: Adani Airports: Landside strategy
Adani Airports: Landside strategy Integrated Terminal Plaza Passenger: Purpose of Visit Optimum Commercial Mix L6 Religious Others Restaurants 8% 4% L5 Retail Students L4 Parking 5% Corporates F&B, 30% Entertainmen 20% t, 35% L3 Parking L2- Taxi/ Leisure Business/SME Rideshare 22% 23% L1 Bus VFRs /
Slide 17: Adani Airports: City side Strategy
Adani Airports:City side Strategy Customer Profile Age Gender Income 18% <0.75 20% 29% < 19 24% 0.75-1.5 20-29 1.5-3 30-39 15% 14% 3-5 40-49 Male, 51% Female, 49% 15% 5-10 20% 50 + 16% 12% >10 17% Real Estate Strategy Lifestyle Hub Lease model with development based on detailed airport plan Hospital
Slide 18: Adani Airports: Digital Platform
Adani Airports: Digital Platform Cohesive Tech Platform: 3 Cs Customization Increase in Customer Base Predictable Convenience experience and Increase in Penetration reduced anxiety Control Increase in Frequency of Transactions E-Commerce and Digital Marketplace Revenue share on Duty Paid Duty Free E
Slide 19: Audience of One: Consumer and Digital Focus
Audience of One: Consumer and Digital Focus Consumer and Non Passenger Focus Digital Strategy and Technology Non Passengers/Consumer / Passenger Profiling Digital Market Place to enhance consumer monetization Consumer Segmentation Expectations Digital Platform Connecting all stakeholders Airline Par
Slide 20: Strong team in place for value capture strategy
Strong team in place for – value capture strategy Ben Zandi Subhash Murikenchery CEO Head CEO office & Transition 30 years of experience in - 26 years of experience business turnarounds, - Seamless Transition commercial, brand - Aero & Non Aero redevelopment & growth - Asset Health Check Dinaz Madhu
Slide 21: Adani Group: ESG Framework
Adani Group: ESG Framework Assurance ESG Governance Environment based formal Social based formal assurance program Governance assurance program • Certified environment management • Policy driven and top-down approach • Certified Safety management system - system ISO14001 ISO45000 • Code of Conduct f
Slide 22: Adani Airports – Compelling Investment Opportunity
Adani Airports – Compelling Investment Opportunity Group Strength – • ADANI – world class infrastructure and utility portfolio Delivering World Scale Platform • Repeatable, robust & proven model to deliver RoE and applied consistently across businesses + • Strong growth market, to become 3rd Largest
Slide 23: Adani Natural Resources Mining Service Presentation
adar Mining Service Natural Presentatio Resources =v ll i =
Slide 24: Group Profile, Mining Services Business - Overview, Operational & Development Philosophy
03-06 Group Profile 07-08 Mining Services Business - Overview 09-12 Operational & Development Philosophy 13-15 Mining Services – Credit Highlights 16-20 ESG & Sustainability Initiatives 21-22 Mining Services Business – Outlook Reclaimed Mine area 2
Slide 25: Adani Group Profile
adani Natural Resources Adani Group Profile
Slide 26: Adani Group portfolio, ~USD 76 bn combined market cap
Adani Transport & Logistics Energy & Utility Portfolio Portfolio • Marked shift from B2B to B2C businesses – 63.7% 100% 75% 55% • ATGL – Gas distribution network to serve key APSEZ SRCPL ATL AGEL geographies across Port & Logistics Rail T&D Renewables India 100% 75% 37.4% • AEML – Electricity APL AT
Slide 27: Industry best growth rates across sectors
Port Cargo Throughput (MT) Renewable Capacity (GW) Transmission Network (ckm) CGD7 (GAs8 covered) 45% 12% 161% 21% 2.5x 6x 3x 30% 1.5x 5% 7% 25% Industry APSEZ Adani Industry AGELAdani Industry ATL Industry AGL 2014 972 MT 113 MT 2016 46 GW 0.3 GW 2016 320,000 ckm 6,950 ckm 2015 62 GAs 6 GAs 2020 1,
Slide 28: Performance
Phase Development Operations Post Operations Origination Site Development Construction Operation Capital Mgmt Activity • Site acquisition • Engineering & design • Redesigning the • Analysis & market • Life cycle O&M capital structure of intelligence • Sourcing & quality planning • Concessions and th
Slide 29: Mining Services Business - Overview
adani Natural Resources Mining Services Business - Overview
Slide 30: Mining Services Total Portfolio
Total Portfolio Diversified Portfolio ESG 141.2 MMT* Presence in 70% of Mineral belt Development Embedded ESG Framework (40 MMT operational, 52.6 73% MDO Coal, 13% MDO for enhanced value creation MMT under development, Iron ore, 7% Washery & 7% 48.6 MMT received LOI) commercial Coal 100% Contracted
Slide 31: Mining Services Business - Development & Operations Philosophy
Mining Services Business - Development & Operations Philosophy
Slide 32: Development phases and single location PEKB, Chhattisgarh
Single Location – 15 MMT Phase Site Development Construction Philosophy PEKB, Chhattisgarh Land & Approvals Mine Planning Procurement Construction − Acquisition of 2253 hectares of Mining land − Exploration − In-house mine − Vendor − Office planning Team Identification Infrastructure − Low cost outs
Slide 33: Key O&M Focus Areas, Unique Innovation, Benefits
Key O&M Focus Areas Unique Innovation Benefits Productivity, • Real time visibility. & Mine performance Operator management Automation, Independent • Fleet productivity improvement by around 10% Compliance, Truck Dispatch • Mine Safety. Monitoring, System (OITDS) • Currently under Pilot Optimization
Slide 34: Key O&M Focus Areas, Unique Innovation, Benefits
Key O&M Focus Areas Unique Innovation Benefits • Systematic on-line data collection - CHPP and Big Data performance analysis AI & Analytics, Asset performance 1st Time • Criticality Alerts for equipment health Efficiency management CHPP Opportunity to improve efficiency in Mining • Improvement • JIT
Slide 35: Mining Services Business - Credit highlights
13 Mining Services Business - Credit highlights
Slide 36: Long term (30 Yr) contract with sovereign / sub-sovereign entities
• Long term (30 Yr) contract with sovereign / sub- Unrated, 4% sovereign entities A Category Strong • State and Central Government backed counter- 39% parties AA & Above Counter party 57% • Utilities and “Essential Services” ensures must run status • Predominantly “AA” & above rated counter-parties
Slide 37: Revenue & EBITDA and projections
Revenue & EBIDTA (INR Crs) EBIDTA margin of > 40% for entire life cycle. 2,500 70% 63% 56% 59% 60% ROCE of > 20% on a sustainable basis. 55% 2,000 47% 50% 1205 1,500 43% 40% No product risk and price risk. 922 1,000 30% 547 23% 449 20% 2,038 300 268 344 1,464 500 Unique Fixed Operating Cost
Slide 38: Certification Focus Areas
Certification Focus Areas ISO 2600:2010, ISO 31000: 2009, • Efficient use of water and energy ISO 9001:2015, ISO 14001:2015, • Reduction of emission levels OHSAS-18001:2007 • Zero tolerance for fatalities at mine sites • Biodiversity Conservation ISO – International Organization for Standardization
Slide 39: Natural Resource Conservation
FY 2020 Target by FY 25 Energy Intensity - 15%Reduction Energy Intensity - 30% Reduction Natural 5476 GJ/MMT Resource Conservation Water Neutrality Roadmap Alliance for Water Stewardship Water Intensity - 3% Reduction Water Intensity - 33% Reduction 187 Ltr / MT Carbon Neutrality Roadmap Become Carb
Slide 40: Recreating Environment
Recreating Environment • Innovative Reforestation technology of Tree Transplantation. • Transplanting native tree species to an alternative site • Conserving the local ecology through Tree Plantation. 8376 Tree Plantation (,000) Trees Transplanted 154.3 6.48 Lakh 140.2 141.2 Trees Planted Terrestria
Slide 41: Our CSR Philosophy
Our CSR Philosophy As a Group, social upliftment is key to our approach Health & Sanitation • Free medical assistance and healthcare available Healthcare at the doorstep of villagers Skill Development & Sports Promotion Entrepreneurship • 10+2 CBSE school set up to impart quality Education education
Slide 42: Education and Community Health
Education Community Health Adani Vidya Mandir- Free Educational support to students General Mega Health Checkup Camps - from LKG to Class IX. 3 Camps, Total-1200 patients 672 students Project Jeevan Amrit- Distribution of drinking water Project Sankalp- Special Coaching Classes for students of to ho
Slide 43: Mining Services Business - Outlook
21 Mining Services Business - Outlook
Slide 44: Group Strength, Business Outlook, Asset profile
• ADANI – world class infrastructure and utility portfolio. Group Strength • AEL sponsorship providing long term stable cashflow & enhanced RoE. • Repeatable, robust & proven model to deliver RoE and applied consistently across businesses. • Current order book of 141.2 million ton under operation/de
Slide 45: Thank You
ada Growth Natural adar Goodness Resources Thank You
Slide 46: Backup - Annexures
adani 24 Resourct Natural eS Backup - Annexures
Slide 47: Point of Presence covers 70% of mineral belt
Capacity Point of Presence covers 70% of mineral belt Status Block Name (MMTPA) Project Type Parsa (E) Kanta Basen 15.0 Mining Services Operational Mines Talabira II & III 20.0 Mining Services (40 MMTPA) Area of operations Gare Palma - III 5.0 Mining Services Parsa Basen 5.0 Mining Services Kente Ex
Slide 48: India energy demand and coal outlook
Share of imports (right axis) India is the world’s third‐largest energy consuming country, thanks to rising incomes and improving standards of living. • India's ambitions to reduce import coal dependence is key to its 1334 Energy use has doubled since 2000, with 80% of demand still Twh (2019 - 1135T
Slide 49: Mine Development & Operator (MDO) model
• MDO to do all Investments as per Mine Development & Operator (MDO) Scope of Work Asset Owner • Asset owner to pay Mining services • Mine Development activities: charges • Facilitating in obtaining clearances, DPR / • Ownership of mine plan, Land acquisition and R&R Mine • Construction of Infra suc
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