Adani Energy Solutions Ltd · NSE:ADANIENSOL
Adani Energy Solutions — Adani Transmission — Q3 FY23 Earnings Presentation
32 slides from Adani Energy Solutions's earnings presentation, January 2023
Slide 1: Provisional Operational Updates Q3FY23
Adani Transmission Limited Provisional Operational Updates Q3FY23 January 2023
Slide 2: Contents
CONTENTS 04-07 Adani Portfolio 04 09 Executive Summary – Q3FY23 09 Q3FY23 and 9MFY23 (YoY) 11-19 Performance 11 21 Recent Awards and Recognition 21 Line Availability Across Assets 23 23-24 Groups – Obligor and USPP Global Peer Benchmarking 26 26-27 29 29-30 ATL’s Asset Portfolio
Slide 3: Adani Portfolio
Transmission adan
Slide 4: Adani: A World Class Infrastructure & Utility Portfolio
Adani: A World Class Infrastructure & Utility Portfolio ~US$ 222 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 (60.8%) (63.2%) (72.6%) (74.2%) (65.
Slide 5: Decades long track record of industry best growth with national footprint
Adani: Decades long track record of industry best growth with national footprint Secular growth with world leading efficiency National footprint with deep coverage Growth 3x Growth 5x Core Portfolio EBITDA 70% 1,2 EBITDA 92% 1,4 Utility 92% Transport 85% Consumers ~400 mn Served AEL Growth 3x Growth
Slide 6: 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: 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 – Q3FY23
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Executive Summary – Q3FY23 14
Slide 9: Executive Summary – Performance in Q3FY23
ATL: Executive Summary – Performance in Q3FY23 Transmission Business: Distribution Utility (AEML): – 4% YoY growth – units sold 2,165 million units vs. 2,077 million units – Operated transmission lines upwards of 99.75% last year on account of uptick in energy demand – Added 371 ckms in Q3FY23 to op
Slide 10: Q3FY23 Operational Performance (YoY)
Q3FY23 Operational Performance (YoY)
Slide 11: Transmission Utility – Key Operating Metrics Q3FY23 (YoY)
ATL: Transmission Utility – Key Operating Metrics Q3FY23 (YoY) Transmission Network length(2) (ckm) Power Transformation Capacity(2) (MVA) 18,795 18,567 40,001 38,641 Transformation capacity increased Marginal network 3.5% during the period addition during the due to commissioning period of new sub-
Slide 12: Distribution Utility (AEML) – Key Operating Metrics Q3FY23 (YoY)
ATL: Distribution Utility (AEML) – Key Operating Metrics Q3FY23 (YoY) Supply Reliability (ASAI) (%) SAIDI (mins), SAIFI (nos.) and CAIDI (mins)(1) SAIFI SAIDI CAIDI 99.996% 99.995% 34.56 27.23 Consistent Maintained supply improvement in reliability of more reliability than 99% parameters 6.59 4.22 0
Slide 13: Distribution Utility (AEML) – Key Operating Metrics Q3FY23 (YoY)
ATL: Distribution Utility (AEML) – Key Operating Metrics Q3FY23 (YoY) Consumer base (million) Distribution Loss (%) E-payment (% of total collection) 3.10 3.06 74.87% Increase in 6.53% Improving 69.99% E-payments consumer base consistently due remains strong reflecting AEML 5.34% to focused loss wit
Slide 14: Distribution Utility (AEML) – Consumer Mix Q3FY23 (YoY)
ATL: Distribution Utility (AEML) – Consumer Mix Q3FY23 (YoY) Consumer-wise volume mix Consumer-wise revenue mix 46% 45% 44% 50% 51% 41% 40% 37% 13% Consumer mix shifting 11% 10% 12% back to higher commercial segment demand Residential Commercial Industrial Residential Commercial Industrial Q3FY23 Q3
Slide 15: Annexure - 9MFY23 YoY Performance
Annexure - 9MFY23 YoY Performance
Slide 16: Transmission Utility – Key Operating Metrics 9MFY23 (YoY)
ATL: Transmission Utility – Key Operating Metrics 9MFY23 (YoY) Transmission Network length(2) (ckt kms) Power Transformation Capacity(2) (MVA) 18,795 18,567 40,001 38,641 Transformation Marginal network capacity increased addition during the 3.5% during the period period due to addition of new sub-s
Slide 17: Distribution Utility (AEML) – Key Operating Metrics 9MFY23 (YoY)
ATL: Distribution Utility (AEML) – Key Operating Metrics 9MFY23 (YoY) Supply Reliability (ASAI) (%) SAIDI (mins), SAIFI (nos.) and CAIDI (mins)(1) SAIFI SAIDI CAIDI 99.996% 99.995% 32.42 29.56 Consistent improvement Maintained supply 18.87 in reliability parameters 17.81 reliability of more with sli
Slide 18: Distribution Utility (AEML) – Key Operating Metrics 9MFY23 (YoY)
ATL: Distribution Utility (AEML) – Key Operating Metrics 9MFY23 (YoY) Consumer base (million) Distribution Loss (%) E-payment (% of total collection) 7.01% 3.10 3.06 74.82% Distribution loss 69.51% improving E-payments Marginal 6.23% consistently due remains high increase in the to focused loss depi
Slide 19: Distribution Utility (AEML) - Consumer Mix 9MFY23 (YoY)
ATL: Distribution Utility (AEML) - Consumer Mix 9MFY23 (YoY) Consumer-wise volume mix Consumer-wise revenue mix 56% 50% 51% 46% 43% 38% 38% 33% Consumer mix shifting back from higher 11% 12% 11% 12% residential demand to rise in commercial demand Residential Commercial Industrial Residential Commerc
Slide 20: Recent Award and Recognition
Recent Award and Recognition
Slide 21: Recent Awards & Achievements
ATL: Recent Awards & Achievements Enlightened Growth Leadership Platinum Award Winner in The The Global Sustainability Leadership Award Award 2022 for best-in-class Asset ESG Corporate Awards in ‘Best Sustainable Strategies - Power sustainable business practices 2022 Industry’ from World Sustainabil
Slide 22: Transmission Line Availability
Transmission Line Availability
Slide 23: Q3FY23 (YoY) – Line availability across asset groups
ATL: Q3FY23 (YoY) – Line availability across asset groups Average Availability Across Operational Assets %(1) Focus on Maximizing Incentive % Line Availability - ATSOL Obligor Group Incentive – ATSOL Obligor Group Normative Availability Incentive Accrued 99.91% 99.53% 2.31% 0.21% 1.19% 1.13% 98.5% 9
Slide 24: 9MFY23 (YoY) – Line availability across asset groups
ATL: 9MFY23 (YoY) – Line availability across asset groups Average Availability Across Operational Assets % (1) Focus on Maximizing Incentive % Line Availability – ATSOL Obligor Group Incentive – ATSOL Obligor Group Normative Availability Incentive Accrued 99.90% 99.49% 2.31% 1.12% 1.16% 0.04% 98.5%
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 Q3FY23
ATL’s Operational Asset Portfolio as of Q3FY23 Adani Transmission Limited 100% 100% 75% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% ATSCL & WTGL, PPP Bikaner Obra-C Lakadia WRSS – Jam ATIL MEGPTCL AEML MUL ATBSPL ATRL RRWTL CWRTL FBTL GTL APTL STL Khetri Bada
Slide 30: ATL's Under-construction Asset Portfolio as of Q3FY23
ATL‘s Under-construction Asset Portfolio as of Q3FY23 Adani Transmission Limited Since ATL’s evolution its Transmission Network 100% 100% 100% 100% 100% 100% 100% (ckms) has grown 3.4x and expanded into MP Kharghar NKTL WKTL HVDC# Khavda Karur Distribution businesses Package II - Vikhroli ATL’s “Gri
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 -¢