Adani Energy Solutions Ltd · NSE:ADANIENSOL
Adani Energy Solutions — Adani Transmission — Q2 FY2023 Earnings Presentation
32 slides from Adani Energy Solutions's earnings presentation, October 2022
Slide 1: Adani Transmission Limited Provisional Operational Updates Q2FY23
Adani Transmission Limited Provisional Operational Updates Q2FY23 October 2022
Slide 2: Contents
CONTENTS 04-07 Adani Portfolio 04 09 Executive Summary – Q2FY23 09 11-14 Q2FY23 (YoY) Performance 11 16-19 1HFY23 (YoY) Performance 16 21 Recent Award and Recognition 21 Line Availability Across Assets 23 23 Groups – Obligor and USPP Global Peer Benchmarking 26 26-27 29 29-30 ATL’s Asset Portfolio
Slide 3: Adani Portfolio
Adani Portfolio
Slide 4: Adani: A World Class Portfolio
Adani: A World Class Portfolio ~US$ 240 bn1 Combined Market Cap Infrastructure and Utility Primary Industry Emerging B2C Flagship Core Portfolio Materials, Metal & Incubator Energy & Utility Transport & Logistics Direct to Consumer Mining (60.5%) (63.2%) (72.3%) (73.9%) (66.0%) (100%) AGEL ATL APSEZ
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) 18% 132% 12% 36% 1.4x 3x 25% 3x 5x 6% 4% 25% Industry Adani Industry Adani Industry Adani Adani Industry Adani 2016 320,000
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: ATL: 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 Development with 31 transmission projects Transmission(3): 18,795 ckm(1) 52% of EBITDA - Central pool D
Slide 8: Executive Summary – Q2FY23
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Executive Summary – Q2FY23 14
Slide 9: Executive Summary – Performance in Q2FY23
ATL: Executive Summary – Performance in Q2FY23 Transmission Business: Distribution Utility (AEML): – 13% YoY growth – units sold 2,233 million units vs. 1,975 million units – Operated transmission lines upwards of 99.76% last year on account of uptick in energy demand – Added 352 ckms in Q2FY23 to o
Slide 10: Q2FY23 Operational Performance (YoY)
Q2FY23 Operational Performance (YoY)
Slide 11: Transmission Utility – Key Operating Metrics Q2FY23 (YoY)
ATL: Transmission Utility – Key Operating Metrics Q2FY23 (YoY) Transmission Network length(2) (ckm) Power Transformation Capacity(2) (MVA) 18,795 18,336 40,001 33,141 Transformation capacity increased Marginal network 20.7% during the addition (2.5% yoy) period due to addition during the period of n
Slide 12: Distribution Utility (AEML) – Key Operating Metrics Q2FY23 (YoY)
ATL: Distribution Utility (AEML) – Key Operating Metrics Q2FY23 (YoY) Supply Reliability (ASAI) (%) SAIDI (mins), SAIFI (nos.) and CAIDI (mins)(1) SAIFI SAIDI CAIDI 99.999% 99.997% 27.45 Consistent 25.72 improvement in Maintained supply reliability of more reliability than 99% parameters 3.92 0.06 1
Slide 13: Distribution Utility (AEML) – Key Operating Metrics Q2FY23 (YoY)
ATL: Distribution Utility (AEML) – Key Operating Metrics Q2FY23 (YoY) Consumer base (million) Distribution Loss (%) E-payment (% of total collection) 7.64% 3.10 3.06 74.86% Increase in Improving 68.48% E-payments consumer base consistently due remains strong reflecting AEML 6.00% to focused loss wit
Slide 14: Distribution Utility (AEML) – Consumer Mix Q2FY23 (YoY)
ATL: Distribution Utility (AEML) – Consumer Mix Q2FY23 (YoY) Consumer-wise volume mix Consumer-wise revenue mix 55% 51% 49% 46% 43% 39% 38% 34% Consumer mix shifting back from residential demand to higher commercial segment 12% 12% 11% 11% demand resulting in higher revenue Residential Commercial In
Slide 15: Annexure - 1HFY23 YoY Performance
Annexure - 1HFY23 YoY Performance
Slide 16: Transmission Utility – Key Operating Metrics 1HFY23 (YoY)
ATL: Transmission Utility – Key Operating Metrics 1HFY23 (YoY) Transmission Network length(2) (ckt kms) Power Transformation Capacity(2) (MVA) 18,795 18,336 40,001 33,141 Transformation Marginal network capacity increased addition (2.5% yoy) during 20.7% during the the period period due to addition
Slide 17: Distribution Utility (AEML) – Key Operating Metrics 1HFY23 (YoY)
ATL: Distribution Utility (AEML) – Key Operating Metrics 1HFY23 (YoY) Supply Reliability (ASAI) (%) SAIDI (mins), SAIFI (nos.) and CAIDI (mins)(1) SAIFI SAIDI CAIDI 99.995% 99.995% 34.42 27.44 Consistent improvement Maintained supply in reliability parameters reliability of more with slight increase
Slide 18: Distribution Utility (AEML) – Key Operating Metrics 1HFY23 (YoY)
ATL: Distribution Utility (AEML) – Key Operating Metrics 1HFY23 (YoY) Consumer base (million) Distribution Loss (%) E-payment (% of total collection) 7.25% 3.10 3.06 74.79% Distribution loss 6.51% improving 69.26% E-payments Marginal consistently due remains high increase in the to focused loss depi
Slide 19: Distribution Utility (AEML) - Consumer Mix 1HFY23 (YoY)
ATL: Distribution Utility (AEML) - Consumer Mix 1HFY23 (YoY) Consumer-wise volume mix Consumer-wise revenue mix 52% 58% 47% 52% 41% 36% 37% 31% Consumer mix shifting back from higher residential demand to rise 11% 12% 11% 11% in commercial and industrial segment demand Residential Commercial Industr
Slide 20: Recent Award and Recognition
Recent Award and Recognition
Slide 21: Recent Awards & Achievements
ATL: Recent Awards & Achievements S&P Global rated ATL for being Sustainable Performance Award Platinum Award in Restorative category aligned with Task Force on from World CSR for best-in-class and Silver Award in Innovative category at Climate-related Financial sustainability performance 43rd CII N
Slide 22: Transmission Line Availability– Obligor and USPP Assets Groups
Transmission Line Availability– Obligor and USPP Assets Groups
Slide 23: Q2FY23 (YoY) – Line availability across asset groups
ATL: Q2FY23 (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 Availability Incentive Accrued 99.87% 98.99% 2.31% 1.17% 1.10% 0.00% 98.5% 98.
Slide 24: 1HFY23 (YoY) – Line availability across asset groups
ATL: 1HFY23 (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 99.88% 99.92% 2.31% 1.09% 1.18% 98.5% 98.5% 99.0% 99.0% 97.5% 97.5%
Slide 25: Global Peer Benchmarking
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Global Peer Benchmarking 14
Slide 26: Transmission System Operational Parameters – Peer Benchmarking
ATL: Transmission System Operational Parameters – Peer Benchmarking Peer Benchmarking on O&M, Employee expenses and EBITDA (INR Million per circuit km) 8.00 7.15 7.00 6.00 5.00 4.12 4.00 2.93 One of the lowest 3.00 2.10 O&M cost per ckm 2.00 1.81 1.46 1.14 highlighting strong 1.00 0.59 0.71 0.47 0.2
Slide 27: Transmission System Financial Parameters – Peer Benchmarking
ATL: Transmission System Financial Parameters – Peer Benchmarking Peer Benchmarking - EBITDA margin (INR billion) 700 100% 93% 600 584 82% 80% 77% 78% 74% 76% 500 63% 60% 400 371 300 40% 238 193 200 176 171 157 131 20% 100 51 41 32 39 37 34 ` 0 0% Italian Utility Russian Utility Spanish Utility Finl
Slide 28: 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 29: ATL’s Operational Asset Portfolio as of Q2FY23
ATL’s Operational Asset Portfolio as of Q2FY23 Adani Transmission Limited 100% 100% 75% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% ATSCL & WTGL, PPP Bikaner Obra-C Lakadia ATIL MEGPTCL AEML MUL ATBSPL ATRL RRWTL CWRTL GTL APTL STL FBTL Khetri Badaun Banaskantha Discom
Slide 30: ATL‘s Under-construction Asset Portfolio as of Q2FY23
ATL‘s Under-construction Asset Portfolio as of Q2FY23 Adani Transmission Limited Since ATL’s evolution its Transmission Network (ckms) has grown 3.4x and expanded into 100% 100% 100% 100% 100% 100% 100% 100% 100% Distribution businesses WRSS – Obra-C Jam Kham- MP Kharghar NKTL WKTL HVDC# Khavda Karu
Slide 31: 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 32: Thank You
adani Transmission adani Transmission Thank You -¢