Adani Enterprises Limited · NSE:ADANIENT
Adani Enterprises — Adani Portfolio — FY2023 Earnings Presentation
35 slides from Adani Enterprises's earnings presentation, Jun 6, 2023
Slide 1: Adani Portfolio Result Snapshot – FY23
Adani Portfolio Result Snapshot – FY23 06 June 2023
Slide 2: Contents
Contents 01 Adani Portfolio Overview 02 Adani Portfolio: Business Wise Performance 02a Adani Ports and Special Economic Zone Limited 02b Adani Total Gas 02c Adani Transmission Ltd. 02d Adani Green Ltd. 02e Adani Enterprises Ltd. 02f Adani Wilmar Ltd. 02g Adani Cements Ltd. 02h Adani Power Ltd. STRIC
Slide 3: Adani Portfolio Overview
01 Adani Portfolio Overview STRICTLY CONFIDENTIAL
Slide 4: Adani: A World Class Infrastructure & Utility Portfolio
Adani: A World Class Infrastructure & Utility Portfolio Flagship Infrastructure & Utility Core Portfolio Primary Industry Emerging B2C Materials, Metal & Incubator Energy & Utility Transport & Logistics Direct to consumer Mining (69.2%) (57.3%) (71.7%) (61.0%) (100%) (63.2%) AGEL ATL APSEZ AEL NQXT1
Slide 5: Adani Portfolio: Strong Financial Performance delivered across portfolio
Adani Portfolio: Strong Financial Performance delivered across portfolio − EBITDA of Adani listed portfolio for FY2023 grew by 36% Y-o-Y to INR 57,219 cr − Core Infrastructure EBITDA registered a growth of 23% Y-o-Y to INR 47,386 cr (~83% of Portfolio) − AEL Existing Businesses registered EBITDA gro
Slide 6: Adani Portfolio: Highlights
Adani Portfolio: Highlights Below is the key credit portfolio highlights: Mar-23 Mar-23 – Adani Portfolio companies operate in utility and infrastructure Particulars businesses with more than ~83% of EBITDA being generated from (INR Cr) (USD bn) core infrastructure businesses providing assured & con
Slide 7: Adani Portfolio: Ratings affirmation
Adani Portfolio: Ratings affirmation Listed company Rated entity Fitch Moody’s S&P 24 Jan 231 31 May 23 24 Jan 231 31 May 23 24 Jan 231 31 May 23 APSEZ BBB-/Stable BBB-/Stable Baa3/Stable Baa3/Stable BBB- /Stable BBB- /Negative APSEZ AICTPL BBB-/Stable BBB-/Stable Baa3/Stable Baa3/Stable BBB- /Stabl
Slide 8: Adani Portfolio: Ratings affirmation
Adani Portfolio: Ratings affirmation Company CRISIL India Ratings ICRA CAREEDGE 24 Jan 231 31 May 23 24 Jan 231 31 May 23 24 Jan 231 31 May 23 24 Jan 231 31 May 23 Ambuja / ACC AAA/Stable AAA/Stable - - - - - - APSEZ - - AA+/Stable AA+/Stable AA+/Stable AA+/Negative - - ATL - - AA+/Stable AA+/Negati
Slide 9: Adani Portfolio: Business wise Performance
02 Adani Portfolio: Business wise Performance STRICTLY CONFIDENTIAL
Slide 10: Business wise Summary
Business wise Summary − Highest ever cargo volume 339 − 126 new CNG stations added: − Transmission availability 99.7% − Operational capacity grew by MMT: 9% YoY growth total 460 now − AEML supply reliability: 99.9% 49% to 8,086 MW - largest − 300 MMT of cargo handled in − 1.24L+ new homes on PNG: no
Slide 11: Adani Ports and Special Economic Zone Limited
02a Adani Ports and Special Economic Zone Limited STRICTLY CONFIDENTIAL
Slide 12: Adani Ports and Special Economic Zone Limited: FY23 Highlights
Adani Ports and Special Economic Zone Limited: FY23 Highlights Business Updates − ICD Tumb integrated with Adani Logistics Ltd (ALL); one of largest − Acquisition of strategic assets: ICD in India with a capacity of 0.5 MTEUs − Haifa Port Company, the operator of Israel’s largest port − Indian Oilta
Slide 13: Adani Ports and Special Economic Zone Limited: Credit Updates
Adani Ports and Special Economic Zone Limited: Credit Updates International Ratings Debt Maturity Profile as on 31 Mar 2023 (INR Cr) Company Rating Cash Balances1: 9,830 cr APSEZ BBB- (S&P, Fitch) / Baa3 (Moody's) Run rate EBITDA2: 14,435 cr Adani International Container BBB- (S&P, Fitch) / Baa3 (Mo
Slide 14: Adani Total Gas Limited
02b Adani Total Gas Limited STRICTLY CONFIDENTIAL
Slide 15: Adani Total Gas Limited: FY23 Highlights
Adani Total Gas Limited: FY23 Highlights Business Updates − ATGL has added 126 new CNG stations in FY23 taking total CNG stations to − Gas sourcing: ATGL continued its effort to have efficient gas 460 sourcing to reduce the impact of volatility in gas price as follows: − PNG connections increased to
Slide 16: Adani Total Gas Limited: Credit Updates
Adani Total Gas Limited: Credit Updates Domestic Ratings Debt Maturity Profile as on 31 Mar 2023 (INR Cr) ICRA : AA- / Negative Cash Balances1: 372 cr The ratings continue to factor in ATGL’s healthy financial risk profile, Run rate EBITDA2: 924 cr characterized by adequate return and debt protectio
Slide 17: Adani Transmission Limited
02c Adani Transmission Limited STRICTLY CONFIDENTIAL
Slide 18: Adani Transmission Limited: FY23 Highlights
Adani Transmission Limited: FY23 Highlights Business Updates − Added 1,704 ckms to operational network with total network at 19,779 ckms − Consumer centricity: − Won two transmission TBCB projects (Khavda II-A and WRSR) and two smart − E-payment as a % of total collection at 75% in FY23 vs. metering
Slide 19: Adani Transmission Limited: Credit Updates
Adani Transmission Limited: Credit Updates International Ratings Debt Maturity Profile as on 31 March 2023 (INR Cr) Company Rating Cash Balances1: 4,152 cr ATL USPP BBB- (Fitch) / Baa3 (Moody's) Run rate EBITDA2: 6,101 cr 9,245 Adani Electricity Mumbai BBB- (S&P, Fitch) / Baa3 (Moody's) 7,917 Ltd AT
Slide 20: Adani Green Energy Limited
02d Adani Green Energy Limited STRICTLY CONFIDENTIAL
Slide 21: Adani Green Energy Limited: FY23 Highlights
Adani Green Energy Limited: FY23 Highlights Business Updates − AGEL commissioned 2,676 MW renewable projects in FY23, taking the total − AGEL continues to maintain a strong counterparty profile with 86% operational capacity to 8,086 MW (49% increase YoY) sovereign/ sovereign equivalent rated counter
Slide 22: Adani Green Energy Limited: Credit Updates
Adani Green Energy Limited: Credit Updates International Ratings Debt Maturity Profile as on 31 Mar 2023 (INR Cr) Company Rating Cash Balances1: 5,571 Cr AGEL List Co Ba3 / Negative (Moody's) Run rate EBITDA2: 7,505 Cr AGEL RG2 BBB- (Fitch) / Ba1 (Moody's)/ BB+ (S&P) 12,383 AGEL RG1 BB+ (Fitch)/ Ba2
Slide 23: Adani Enterprises Limited
02e Adani Enterprises Limited STRICTLY CONFIDENTIAL
Slide 24: Adani Enterprises Limited: FY23 Highlights
Adani Enterprises Limited: FY23 Highlights Business Updates − ANIL: − Airports: − Solar New 2.0 GW Capacity Plant - Module line COD declared in July 22 − Mumbai airport achieves Highest Level 4+ “Transition” of ACA on and Cell Line COD declared in March 2023 carbon management maturity. − Existing 1.
Slide 25: Adani Enterprises Limited: Credit Updates
Adani Enterprises Limited: Credit Updates International Ratings Debt Maturity Profile as on 31 Mar 2023 (INR Cr) Company Rating MIAL BB+ (Fitch) Cash Balances1: 5,652 Cr Run rate EBITDA2: 10,575 Cr 6,637 Domestic Ratings Listed Entities Domestic Rating Agency INR Ratings 4,502 4,376 AEL (consolidate
Slide 26: Adani Wilmar Limited
02f Adani Wilmar Limited STRICTLY CONFIDENTIAL
Slide 27: Adani Wilmar Limited: FY23 Highlights
Adani Wilmar Limited: FY23 Highlights Business Updates ‒ In Edible Oil ,branded segment with ~75% saliency, grew by ~8% YoY in ‒ Oleochemicals, a forward integration of palm oil refining, registered 20% FY23. growth in FY23. ‒ Launched premium regional variants in West Bengal in Non-Basmati Rice ‒ T
Slide 28: Adani Cement Limited
02g Adani Cement Limited STRICTLY CONFIDENTIAL
Slide 29: Adani Cement Limited: FY23 Highlights
Adani Cement Limited: FY23 Highlights Business Updates − H2FY23 was the first full operational half-year under Adani post − Power and Fuel Cost reduced due to Increased linkage materialization, acquisition of Ambuja and ACC shares from Holcim on 15 Sep 2022 Fuel mix optimization, Group synergies on
Slide 30: Adani Cements Limited: Credit Updates
Adani Cements Limited: Credit Updates Domestic Ratings Debt Maturity Profile as on 31 Mar 2023 (INR Cr) Cash Balances1: 11,912 cr CRISIL: AAA / Stable Run rate EBITDA2: 9,000 cr The ratings factor in the strong business risk profile by 31,225 virtue of Ambuja and ACC Ltd (ACC; ‘CRISIL AAA/Stable/CRI
Slide 31: Adani Power Limited
02h Adani Power Limited STRICTLY CONFIDENTIAL
Slide 32: Adani Power Limited: FY23 Highlights
Adani Power Limited: FY23 Highlights Business Updates Regulatory Updates – Completion of Scheme of Amalgamation of six operating subsidiaries of – Release of partial coal shortfall claims, LPS, carrying cost and CIL APL viz. Adani Power Maharashtra Limited [“APML”], Adani Power T&D claims amounting
Slide 33: Adani Power Limited: Credit Updates
Adani Power Limited: Credit Updates Domestic Ratings Debt Maturity Profile as on 31 March 2023 (INR Cr) Cash and cash equivalents1:2,861 cr Listed Entities Domestic Rating INR Ratings 7,409 Run rate EBITDA2: 18,027 cr Agency APL CRISIL A/Stable 3,818 4,106 APL India Rating A/ Positive 3,024 3,310 2,
Slide 34: Disclaimer
Disclaimer Certain statements made in this presentation may n o t be based on historical information or facts and may be “forward-looking statements,” including those relating t o general business plans and strategy o f Adani group, the future outlook and growth prospects, and future developments o
Slide 35: Thank You
Thank You