Adani Enterprises Limited · NSE:ADANIENT
Adani Enterprises — Q4 FY24 Earnings Presentation
51 slides from Adani Enterprises's earnings presentation
Slide 1: Adani Enterprises Ltd Earnings Presentation Q4 FY24
Adani Enterprises Ltd Earnings Presentation Q4 FY24
Slide 2: Results at glance
Year Ended AEL : Consolidated Financial Highlights (YoY) ` In Crores Results at glance Total Income EBIDTA 32% PBT 56% 128,734 13,237 5,640 14,746 98,282 10,012 5,942 47% 2,643 3,607 104% 24,510 66% 4,041 1,297 113,988 22% 30% 73,772 7,295 2,997 5,971 2,310 FY23 FY24 FY23 FY24 FY23 FY24 Established
Slide 3: AEL: Incubating Business Growth
Year Ended AEL : Incubating Business Growth ` In Crores ANIL Airports Roads Green Hydrogen Ecosystem 43% 50% Total Income Total Income Total Income 8,741 Cr 145% 8,062 Cr +35% 7,595 Cr +47% EBIDTA EBIDTA EBIDTA 2,296 Cr +4x 2,437 Cr +45% 1,231 Cr Emerging Core Infra Businesses consistent contributio
Slide 4: Content
Content 01 02 03 Adani Group Company Business Overview Profile Highlights 04 05 06 Operational Financial ESG Performance Highlights Highlights Appendix
Slide 5: Adani Group Overview
Adani Group Overview
Slide 6: 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 & Incubator Energy & Utility Transport & Logistics Direct to consumer Mining (72.6%) (56.4%) (73.2%) (65.9%) (100%) (66.7%) AGEL AESL APS
Slide 7: 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 70% 1,2 EBITDA 92% 1,4 AEL APSEZ Growth 3x 6 Growth 1.4x 6 AGEL ATGL Adani’s Core Infra. Platf
Slide 8: Adani Portfolio: Repeatable, robust & proven transformative model of investment
Adani Portfolio : Repeatable, robust & proven transformative model of investment Phase Development Operations Post Operations Center of Excellence Project Management & Assurance Group (AIIL) AIMSL1 Policy -Strategy - Risk Origination Site Development Construction Operation Capital Mgmt Activity • An
Slide 9: Company Profile
Company Profile
Slide 10: AEL: A Successful Incubator
AEL : A Successful Incubator Attractive Incubation Record Green Hydrogen Ecosystem Business Model Strong incubation record Integrated manufacturing for B2B Model generating low-cost green hydrogen Development ANIL Ecosystem, Data Center, Roads Year 2015 > APSEZ, APL & AESL B2C Model Ingots, Wafers,
Slide 11: AEL: Business Portfolio
AEL : Business Portfolio AEL Portfolio Energy & Transport & Retail Primary Utility Logistics businesses Industry New Industries (End to end Roads Food FMCG1 Mining Industrials Green H2 chain) Mining Data Center Airports Digital PVC Services & IRM Commercial Water Copper Mining Specialized Manufactur
Slide 12: Business Highlights
Business Highlights 12
Slide 13: Business Highlights – ANIL Ecosystem
AEL : Business Highlights – ANIL Ecosystem ❑ Solar Manufacturing ▪ ANIL Solar Manufacturing division has successfully commissioned 2 GW Ingot-Wafer plant in March-24 • India’s first large-sized monocrystalline ingot Ingot Puller Mono Cropper Surface Grinder and wafer unit of 2 GW capacity compatible
Slide 14: AEL: Business Highlights
AEL : Business Highlights Airports ▪ Inaugurated Phase I of Integrated terminal 3 of Chaudhary Charan Singh International Airport Lucknow • Phase I of the world-class terminal can cater to 8 million passengers p.a. with elevated pathways separating the arrival and departure flows ▪ During the quarte
Slide 15: Business Updates
Business Updates 15
Slide 16: Energy & Utility – Adani New Industries Ltd (ANIL)
AEL : Energy & Utility – Adani New Industries Ltd (ANIL) Integrated Manufacturing Plant Capacity Status Solar Cell & Module ▪ Module line operational 2 GW (TopCon) ▪ Cell line operational from Mar-24 Cell & Module 2 GW ▪ Module & Cell line operational (MonoPerc) Ingot & Wafer 2 GW ▪ Operational from
Slide 17: Energy & Utility – Adani New Industries Ltd (ANIL)
AEL : Energy & Utility – Adani New Industries Ltd (ANIL) Integrated Manufacturing Plant Capacity Certification Wind India’s largest capacity ▪ ISO 9001:2015 (Nacelle Plant) 1.5 GW WTG 5.2 MW ▪ IECRE-IEC (for global WTG supply) ▪ Order Book at 254 Sets ▪ Working Prototype 2 using ANIL blades • Provis
Slide 18: Energy & Utility – ACX (Data Center)
AEL : Energy & Utility – ACX (Data Center) Empowering Digital India with a Platform of Status Data Center solutions with Strong Partnership Chennai 33 • Phase I 17 MW Operational MW Noida 50 • Completion ~81% > 50 MW Core & Shell + 10 MW MEP MW Noida Hyderabad 48 • Completion ~88% > Phase I of 9.6 M
Slide 19: Transport & Logistics – AAHL (Airports)
AEL : Transport & Logistics – AAHL (Airports) Portfolio of 8 Airports Updates Serving ~ 23% of total passenger base Pax (Mn) ATM (‘000) 88.6 593.8 74.4 538.7 23.2 153.0 21.3 146.4 22.7 152.3 Jaipur Lucknow 20.2 140.1 5.5 Mn 21.3 125.9 146.8 6.2 Mn Guwahati 16.2 Q1 16.7 21.3 126.4 141.6 6.0 Mn Ahmeda
Slide 20: Transport & Logistics – AAHL (Airports)
AEL : Transport & Logistics – AAHL (Airports) 100% Security Check Queue 100% Immigrations 98% 98% 96% 96% 94% 94% 92% 92% AMD LKO IXE BOM JAI GAU TRV AMD LKO IXE BOM JAI GAU TRV Jan Feb March Benchmark Jan Feb March Benchmark Car Parking Check In 100% 100% 98% 98% 96% 96% 94% 94% 92% 92% AMD LKO IXE
Slide 21: Transport & Logistics – ARTL (Roads)
AEL : Transport & Logistics – ARTL (Roads) Portfolio of 14 projects Project Completion Status 5000+ Lane Kms KKRPL 75% 84% Operational Construction in progress NPRPL 68% 75% HAM VBPPL 68% 74% BHRPL BKRPL 49% 151.700 kms 60% UPRPL HURPL 156.800 kms 41% 155.700 kms AVRPL 46% PRSTPL BPRPL PPRPL NPRPL 8
Slide 22: Primary Industries – KCL (Copper)
AEL : Primary Industries – KCL (Copper) Particulars Details ▪ Refined copper - 500 KTPA – with flexibility to expand to 1,000 KTPA Capacity ▪ Gold (25 TPA), Silver (250 TPA), Sulphuric Acid (1,500 KTPA), Phosphoric Acid (250 KTPA) Refinery Cells commissioned ▪ Main Product: Copper Cathodes Product ▪
Slide 23: Operational Performance
Operational Performance
Slide 24: Operational Performance – Incubating Businesses
AEL : Operational Performance – Incubating Businesses % % Parameters Q4-23 Q4-24 Parameters FY-23 FY-24 Change Change Module Sales (MW) 315 797 153% Module Sales (MW) 1,275 2,679 110% ANIL Ecosystem WTG Supply (Sets) - 47 #1 WTG (Sets) - 54 #1 % % Parameters Q4-23 Q4-24 Parameters FY-23 FY-24 Change
Slide 25: Operational Performance – Primary Industries
AEL : Operational Performance – Primary Industries Mining Services IRM Operational Dispatch Qty. (MMT) Customer/ Service Activity UoM FY-23 FY-24 Owner FY-23 FY-24 ▪ 9 Mining service Contracts contracts PEKB RRVUNL 9.1 5.6 IRM Volume MMT 88.1 82.1 ▪ 4 operational coal GP III CSPGCL 3.0 3.8 mine serv
Slide 26: Financial Highlights
Financial Highlights
Slide 27: Consolidated Financials Highlights – FY24
Year Ended AEL : Consolidated Financials Highlights – FY24 ` In Crores Income EBIDTA 32% PBT 56% Increase Decrease Total Increase Decrease Total Increase Decrease Total ✓ Growth driven by ANIL Ecosystem, Airports ✓ Increased on account of ✓ Increased in line with higher EBIDTA in & Roads business •
Slide 28: Consolidated Financials Highlights – Q4 FY24
Corresponding Quarter AEL : Consolidated Financials Highlights – Q4 FY24 ` In Crores Income 1% EBIDTA PBT Increase Decrease Total Increase Decrease Total Increase Decrease Total ✓ Growth driven by ANIL Ecosystem, Airports ✓ Incubating business EBIDTA in Q4-23 was ✓ Established business PBT increased
Slide 29: Segment wise Financials – FY24
Year Ended AEL : Segment wise Financials – FY24 ` In Crores Incubating Businesses Established Businesses ANIL Ecosystem Airports IRM Mining services 8741 98920 2337 2361 8062 Revenue 5989 62359 3567 FY-23 FY-24 FY-23 FY-24 FY-23 FY-24 FY-23 FY-24 ✓ Increased in line with ✓ Increased on back of stron
Slide 30: Segment wise Financials – Q4 FY24
Corresponding Quarter AEL : Segment wise Financials – Q4 FY24 ` In Crores Incubating Businesses Established Businesses ANIL Ecosystem Airports IRM Mining services 2775 2195 18898 18675 803 750 Revenue 1657 908 Q4-23 Q4-24 Q4-23 Q4-24 Q4-23 Q4-24 Q4-23 Q4-24 ✓ Increased in line with ✓ Increased on ba
Slide 31: Consolidated Key Metrices
AEL : Consolidated Key Metrices EBIDTA Figures YoY (2) Interest Coverage Debt Service 13,237 Ratio Coverage Ratio 3.6 2.5 2.550% 10,012 3.0 3.143% 2.8 2.4 1.7 1.8 1.9 1.2 1.3 4,726 3,259 2,541 2,968 FY19 FY20 FY21 FY22 FY23 FY24 FY19 FY20 FY21 FY22 FY23 FY24 FY19 FY20 FY21 FY22 FY23 FY24 Established
Slide 32: Growth with Discipline
AEL : Growth with Discipline Cash generation with Operational Efficiency(2) De-risking Asset Based Growth(1,2) 7,076 84,391 43% 50% 5,277 65,149 52,144 1,758 1,808 1,155 30,966 756 24,567 22,402 16,940 18,975 14,709 FY19 FY20 FY21 FY22 FY23 FY24 8,590 9,797 6,648 FY19 FY20 FY21 FY22 FY23 FY24 Net Ex
Slide 33: Consolidated Debt Profile
AEL : Consolidated Debt Profile ` In Crores As at March-23 As at March-24 Current Debt Current Debt Segment Non-Current Non-Current Working Short Total Working Short Total Debt Debt Capital Term Loan Capital Term Loan ANIL Ecosystem 1,725 760 - 2,485 3,394 616 - 4,010 Airport 14,461 36 839 15,337 19
Slide 34: ESG Highlights
ESG Highlights
Slide 35: ESG – Ratings, Awards and Recognition
AEL : ESG – Ratings, Awards and Recognition Ratings Awards and Recognition Due to controversies surrounding the group, the DJSI CSA base score of 61/100 was adjusted to 49/100 49 which is significantly better than average AdaniConneX’s AI based safety (2023) industry average score of 20/100 analytic
Slide 36: ESG Performance Highlights FY24
AEL : ESG Performance Highlights FY24 Incubating Businesses Primary Industries ANIL Ecosystem Airports Business Mining Services Business 14% 57% 9% 16% RE in energy RE in energy mix mix Y-o-Y reduction1 in Scope 1 Y-o-Y reduction1 in Scope 2 emission intensity3 emission intensity3 Airports Business
Slide 37: Thank You
Thank You
Slide 38: Appendix
Appendix
Slide 39: Energy & Utility – Water
AEL : Energy & Utility – Water Concession Period Project Project / Location Capacity Salient Features (In Yrs) Model (Const. + O&M) Prayagraj Water Pvt Ltd (PWPL) / 326 Uttar Pradesh MLD • Project Status ~ COD Achieved 2 + 15 HAM Bhagalpur Waste Water Ltd (BWWL) 45 • Project Status ~ 71%; 2 + 15 / B
Slide 40: Transport & Logistics – AAHL (Airports)
AEL : Transport & Logistics – AAHL (Airports) Operational Details Passengers (In Mn) ATM (In ‘000) Cargo (In Lacs MT) Airports Q4-23 Q4-24 FY-23 FY-24 Q4-23 Q4-24 FY-23 FY-24 Q4-23 Q4-24 FY-23 FY-24 Ahmedabad 3.0 3.1 10.1 11.7 22.4 23.2 80.0 87.0 0.1 0.1 0.5 0.5 Lucknow 1.5 1.6 5.2 6.2 11.3 11.3 42.
Slide 41: Transport & Logistics – ARTL (Roads)
AEL : Transport & Logistics – ARTL (Roads) Length Financial Project Completion Concession Period (in Yrs) Project Model Project SPV / Location (KMs) Closure Status (Const. + O&M) Bilaspur Pathrapali Road Pvt Ltd (BPRPL) / 53.3 Secured Operational 2 + 15 Chhattisgarh Suryapet Khammam Road Pvt Ltd (SK
Slide 42: Transport & Logistics – ARTL (Roads)
AEL : Transport & Logistics – ARTL (Roads) Project Length Financial Project Completion Concession Period (in Yrs) Project SPV / Location Model (KMs) Closure Status (Const. + O&M) 21 BCPs Operation; Maharashtra Border Check Post Network Ltd 2 COD Achieved 24 BCPs Secured 1.5 + 23 (MBCPNL) / Maharasht
Slide 43: Primary Industries – Mining Services
AEL : Primary Industries – Mining Services Type of Project Mine Capacity State Customer (Owner) SPV Name Parsa East Kente Basen 15.0 MMT Chhattisgarh RRVUNL Parsa Kente Collieries Ltd Gare Pelma III 5.0 MMT Chhattisgarh CSPGCL Gare Pelma III Collieries Pvt. Ltd Talabira II & III 20.0 MMT Odisha NLCI
Slide 44: Primary Industries – Mining Services
AEL : Primary Industries – Mining Services Operational Details in MMT Customer Q4-23 Q4-24 FY-23 FY-24 Mine State (Owner) P D P D P D P D PEKB Chhattisgarh RRVUNL 4.5 3.5 1.9 1.4 11.8 9.1 6.7 5.6 Gare Pelma III Chhattisgarh CSPGCL 1.1 0.7 1.6 1.1 3.7 3.0 4.0 3.8 Talabira II & III Odisha NLCIL 2.5 2.
Slide 45: Primary Industries – Commercial Mining
AEL : Primary Industries – Commercial Mining Type of Project Mine Capacity State SPV Name Gondulpura 4.0 MMT Jharkhand Adani Enterprises Ltd Dhirauli 6.5 MMT Madhya Pradesh Stratatech Mineral Resources Pvt Ltd Bijahan 5.3 MMT Odisha Mahanadi Mines and Minerals Pvt Ltd Commercial Mining Contracts Mad
Slide 46: ESG Framework
ESG Framework 46
Slide 47: ESG backed by Assurance
AEL : ESG backed by Assurance Our Key ESG Commitments • No net loss to biodiversity and 100% • Airport and data center businesses to become alignment with IBBI operational net zero by 2030 Guiding • Becoming a net water positive company • Creating shared value for communities through Policies princi
Slide 48: Adopted UN Sustainable Development Goals
AEL : Adopted UN Sustainable Development Goals Our Key Social Initiatives mapped to UNSDG United Nations Women’s Multiple • Own schools, digitalization and up gradation of Sustainable Development Goals 2030 Govt. school to provide cost free education to the Education Locations 1. No Poverty needy. 2
Slide 49: Strong Governance Framework
AEL : Strong Governance Framework Key Governance Areas Key Highlights ESG Governance Structure Board Independence ✓ 50% Independent Directors & Diversity ✓ 12.5% Women Directors Board of Directors ✓ Corporate Responsibility Committee in place with 100% Independent Directors Corporate to provide assu
Slide 50: 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 Enterprises Limited (“AEL”), the future outlook and growth prospects, and futu
Slide 51: Thank You
Thank You