Adani Green Energy Limited · NSE:ADANIGREEN
Adani Green Energy — 9M FY25 Earnings Presentation
35 slides from Adani Green Energy's earnings presentation
Slide 1: Adani Green Energy Limited Earnings Presentation – 9M FY25
Adani Green Energy Limited Earnings Presentation – 9M FY25 Consolidated Financials AGEL’s Solar-Wind Hybrid plants at Jaisalmer, Rajasthan
Slide 2: Table of Contents
Table of Contents 1 Adani Portfolio 2 AGEL: Company Profile 3 AGEL: Operational & Financial Highlights 4 AGEL: ESG 5 AGEL: Investment Rationale Annexures 2
Slide 3: Financial Performance at a glance: 9M FY25 (YoY)
Financial Performance at a glance: 9M FY25 (YoY) Consistent robust financial performance Revenue EBITDA Cash Profit ₹6,829 Cr ₹6,366 Cr ₹3,630 Cr ▲ 18% ▲ 18% ▲ 23% AGEL’s Renewable Energy Plant in Khavda, Gujarat
Slide 4: Adani Portfolio
adani Renewables O1 Adani Portfolio
Slide 5: Adani Portfolio: A World class infrastructure & utility portfolio
Adani Portfolio: A World class infrastructure & utility portfolio Flagship Infrastructure & Utility Core Portfolio Primary Industry Emerging B2C Materials, Metal Direct to Incubator Energy & Utility Transport & Logistics & Mining consumer (100%) (100%) (73.97%) (100%) (50.00%) (100%) (100%) ANIL Ada
Slide 6: Adani Portfolio: Decades long track record of industry best growth
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 6 Growth 4x 6 EBITDA 71% 1,2,3 EBITDA 92% 1,3,4 AEL APSEZ Growth 3x 6 Growth 1.4x 6 AGEL Adani’s Core Infra. Platfor
Slide 7: Adani Portfolio: Repeatable, robust & proven transformative model of investment
Adani Portfolio: Repeatable, robust & proven transformative model of investment DEVELOPMENT OPERATIONS CONSUMERS 1 New C.E.O. Adani Infra (India) Limited (AIIL) Operations (AIMSL) Consumer I Employees I Other Stakeholders Origination Site Development Construction Operation Inspired Purpose & Value C
Slide 8: AGEL: Replicating Group's Simple yet Transformational Business Model
AGEL: Replicating Group's Simple yet Transformational Business Model Secure Sites & Connectivity Resource Assessment Construction Readiness Geotechnical studies ~2,50,000 acres of resource rich sites Development for renewable in strategic locations 50+ GW potential & Special studies (AIIL) ~5+ GW of
Slide 9: AGEL: Company Profile
02 Adani Green Energy Limited (AGEL): Company Profile AGEL’s Solar plant at Anjar, Gujarat
Slide 10: AGEL: Committed to a sustainable future
AGEL: Committed to a sustainable future Holding Structure ESG Ratings RE Sector Ranking 2 Adani Family Rating Agency Rating/Score Global India Score of 4.2 / 5 60.9% 3 1 Constituent of FTSE4Good Index 7.2% ESG Risk Rating of 15 Top 15 2 Score of 76 / 100 Top 10 1 2.7% Rated ‘A-’ Leadership Leadershi
Slide 11: AGEL: Leading India's Energy Transition
AGEL: Leading India’s Energy Transition Focused on delivering Increased focus on C&I and Fully funded growth with renewable power and Merchant opportunities to disciplined capital storage solutions maximize value creation management Developing renewable projects Driving operational at an unparallele
Slide 12: AGEL: Renewable energy portfolio evolution up to 2030
AGEL: Renewable energy portfolio evolution up to 2030 Today 2030 18% 11% 5% ▪ 100% Must-run Portfolio 13% 15% 11.6 GW Resource Mix 50 GW 67% ▪ 25-Year Fixed tariff PPAs 71% to contribute majority of the portfolio Solar Wind Hybrid Solar Wind Hybrid PSP ▪ Attractive tariffs in merchant and C&I 8% 15%
Slide 13: AGEL: Operational & Financial highlights
03 Adani Green Energy Limited (AGEL): Operational & Financial highlights AGEL’s Dayapar Wind Cluster, Gujarat
Slide 14: AGEL: Executive Summary – 9M FY25
AGEL: Executive Summary – 9M FY25 Capacity Addition & Operational Performance ▪ Operational capacity increased by 37% YoY to 11,609 MW with greenfield addition of 3,131 MW power plants ▪ Construction at World's largest RE plant at Khavda in full swing with workforce of 12,000+ deployed ▪ Sale of ene
Slide 15: Operational Capacity Addition & Sale of Energy – 9M FY25 YoY
Operational Capacity Addition & Sale of Energy – 9M FY25 YoY Operational Capacity (in MW AC) Operational Capacity increased by 37% to 11,609 MW with 11,609 greenfield addition of 3,131 MW 2,140 8,478 2,140 1,714 Operationalized 2,693 MW solar power plants 1,275 7,756 Greenfield addition of 5,063 Gre
Slide 16: Khavda: World's largest single-location Renewable Energy Project
Khavda: World’s largest single-location Renewable Energy Project Strategically located in Resource rich region of Gujarat A Renewable Energy Marvel in the Making ▪ All projects to be developed on contiguous land in Khavda Significant Scale Renewable Park Efficiencies ▪ Significant scale efficiencies
Slide 17: Growth in overall electricity generation and PPA commitment v/s actuals
Growth in overall electricity generation and PPA commitment v/s actuals Steady growth in generation with increasing proportion of value accretive Merchant Power Generation in Mn units 1 21,878 778 20,108 19,222 347 3,389 4,344 1,506 154 10,791 1,365 20,753 5,498 130 14,724 15,124 4,388 17 75 9,296 4
Slide 18: Operational Performance Metrics
Operational Performance Metrics ▪ Real time monitoring of operating assets across 12 states through Energy Network Operations Centre at Ahmedabad ▪ Granular performance insights ▪ Predictive Maintenance optimizing Mean time between failure (MTBF) ▪ Suggests corrective actions in real time reducing M
Slide 19: AGEL: Financial Performance – 9M FY25 YoY
AGEL: Financial Performance – 9M FY25 YoY (All figures in INR Crore) Revenue from Power Supply EBITDA from Power Supply 1 Cash Profit 2 EBIDTA 92.0% 92.0% ▲ 18% Margin 6,829 5,793 ▲ 18% 6,366 5,412 ▲ 23% 3,630 2,944 9M FY24 9M FY25 9M FY24 9M FY25 9M FY24 9M FY25 ▪ Robust growth in revenue, EBITDA a
Slide 20: AGEL: ESG Framework & Commitments
Adani Green Energy Limited (AGEL): 04 ESG Framework & Commitments ISS ESG has ranked AGEL FTSEL Russell has ranked CRISIL has ranked AGEL CDP rates AGEL AGEL 1st in Asia & top 10 1st in Indian ‘A-’ Leadership globally 3rd globally power sector category in RE sector in its ESG rating in its ESG asses
Slide 21: Assurance backed ESG framework
Assurance backed ESG framework Guiding principles India Business & IFC E&S United Nations UN Sustainable Green Bond SBTi Biodiversity Performance Global Compact Development Goals Principles Initiative (IBBI) Standards Guiding Policies principles Disclosure Standards TCFD TNFD GRI Standards CDP discl
Slide 22: Substantial Avoidance of CO2 Emissions
Substantial Avoidance of CO2 Emissions CO2 Emissions avoided (mn ton) Key ESG Targets Indicator Target Status 96.0 Ranking in ESG benchmarking of Top 10 by Top 3 in AE sector globally - FTSE Russell electric utility sector in the world FY25 Net water positive status for 100% 100% by 15.6 14.6 Achiev
Slide 23: Investment Rationale
05 Investment Rationale AGEL’s Solar-Wind Hybrid plants at Jaisalmer, Rajasthan
Slide 24: Key Investment Highlights
Key Investment Highlights ▪ Resource Availability: Strategic sites of 2,50,000 acres for solar and wind plant development and 5+ GW for PSP development backed by comprehensive geotechnical studies, fully prepared evacuation infrastructure, and meticulously crafted design work & resource analysis. De
Slide 25: Annexures: Financial Performance – Q3 FY25
Annexures AGEL: Financial Performance – Q3 FY25
Slide 26: AGEL: Financial Performance – Q3 FY25 YoY
AGEL: Financial Performance – Q3 FY25 YoY (All figures in INR Crore) Revenue from Power Supply EBITDA from Power Supply 1 Cash Profit 2 ▲ 13% 1,993 EBIDTA Margin 91.5% 91.4% 1,765 ▲ 13% 1,848 1,638 ▲15% 991 862 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 ▪ Robust growth in revenue, EBITDA and ca
Slide 27: Annexures: Receivables Details
Annexures AGEL: Receivables Details
Slide 28: AGEL: Receivables Ageing Profile
AGEL: Receivables Ageing Profile INR Cr Particulars Not Due* Due as on 31-Dec-24 0-60 days 61-90 days 91-120 days 121-180 days >180 days Total Due TANGEDCO 119 20 1 - - - 20 NTPC 69 - - - - - - KREDL 90 22 2 - 1 - 26 TSSPDCL 17 10 - - - - 10 SECI 242 - - - - - - Others 248 3 1 1 1 61 68 Total 786 55
Slide 29: Annexures: Asset Level Details
Annexures AGEL: Asset Level Details
Slide 30: Asset Level Details: Operational
Asset Level Details: Operational Contracted Capacity Capacity Counterparty PPA SPV Project Location Type Tariff COD/Operationalized (AC) (DC) Name Term Tamil Nadu Solar 216 260 7.01 Mar-16 TANGEDCO 25 Tamil Nadu Solar 72 86 7.01 Feb-16 TANGEDCO 25 AGE23L Tamil Nadu Solar 72 86 7.01 Mar-16 TANGEDCO 2
Slide 31: Asset Level Details: Operational (contd.)
Asset Level Details: Operational (contd.) Contracted Capacity Capacity Counterparty PPA SPV Project Location Type Tariff COD/Operationalized Counterparty Name (AC) (DC) Name Term Punjab Solar 20 21 8.7 Mar-21 PSPCL 25 State Discom Punjab Solar 10 11 8.65 Feb-21 PSPCL 25 State Discom Karnataka Solar
Slide 32: Asset Level Details: Operational (contd.)
Asset Level Details: Operational (contd.) Contracted Capacity COD/Operationaliz Counterparty PPA SPV Project Location Type Capacity Tariff Counterparty Name (DC) ed Name Term (AC) ASEKANPL Karnataka Solar 200 300 2.82 19-Dec SECI 25 Sovereign ASEAPSPL Andhra Pradesh Solar 350 455 4.63 Jul-17 NTPC 25
Slide 33: Asset Level Details: Operational (contd.)
Asset Level Details: Operational (contd.) Contracted SPV Project Location Type Capacity (DC) Tariff COD/ Capitalization Counterparty Name PPA Term Capacity (AC) AGEL – Lahori Madhya Pradesh Wind 12 12 5.92 Mar-16 MPPMCL 25 AWEGPL Gujarat Wind 30 30 4.19 Mar-17 GUVNL 25 AWEGPL Gujarat Wind 18 18 3.46
Slide 34: Disclaimer
Disclaimer Certain statements made in this presentation may not be based on historical information or facts and may be “forward-looking statements,” including those relating to general business plans and strategy of Adani Green Energy Limited (“AGEL”),the future outlook and growth prospects, and fut
Slide 35: Thank You
Thank You Latest Investor FY24 Annual Report Presentation