Adani Energy Solutions Ltd · NSE:ADANIENSOL
Adani Energy Solutions — Adani Transmission — Q1 FY2023 Earnings Presentation
26 slides from Adani Energy Solutions's earnings presentation, July 2022
Slide 1: Adani Transmission Limited Provisional Operational Update Q1FY23
Adani Transmission Limited Provisional Operational Update Q1FY23 July 2022
Slide 2: Contents
CONTENTS 04-07 Adani Group 04 09 Executive Summary – Q1FY23 09 11-14 Q1FY23 (YoY) Performance 11 Recent Award and Recognition 16 16 Line Availability Across Assets 18 18 Groups – Obligor and USPP Global Peer Benchmarking 20 20-21 23 23-24 ATL’s Asset Portfolio
Slide 3: Adani Group
adani Transmission
Slide 4: Adani: A world class infrastructure & utility portfolio
Adani: A world class infrastructure & utility portfolio ~US$ 170 bn1 Combined Market Cap Infrastructure Portfolio Incubator Energy & Utility Transport & Logistics Direct to consumer Other businesses (72.3%) (60.5%) (73.9%) (65.5%) (100%) (44%) AGEL ATL APSEZ AWL AEL NQXT2 Renewables T&D Ports & Logi
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: 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 – Q1FY23
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Executive Summary – Q1FY23 14
Slide 9: Executive Summary – Performance in Q1FY23
ATL: Executive Summary – Performance in Q1FY23 Transmission Business: Distribution Utility (AEML): – Operated transmission lines upwards of 99.19%(1) – 25.1% YoY growth – units sold 2,547 million units vs. 2,036 million units last year on account of uptick in energy demand – Added 372 ckms in Q1FY23
Slide 10: Q1FY23 Operational Performance (YoY)
Q1FY23 Operational Performance (YoY)
Slide 11: Transmission Utility – Key Operating Metrics Q1FY23 (YoY)
ATL: Transmission Utility – Key Operating Metrics Q1FY23 (YoY) Transmission Network length(2) (ckm) Power Transformation Capacity(2) (MVA) 18,875 18,336 40,001 33,141 Transformation Significant network capacity has increased addition (+3% yoy) on 21% during the period account of organic due to addit
Slide 12: Distribution Utility (AEML) – Key Operating Metrics Q1FY23 (YoY)
ATL: Distribution Utility (AEML) – Key Operating Metrics Q1FY23 (YoY) Supply Reliability (ASAI) (%) SAIDI (mins), SAIFI (nos.) and CAIDI (mins)(1) SAIFI SAIDI CAIDI 99.991% 99.994% 28.34 28.65 Strong improvement Maintained supply in reliability reliability of more parameters than 99% 12.07 8.41 0.34
Slide 13: Distribution Utility (AEML) – Key Operating Metrics Q1FY23 (YoY)
ATL: Distribution Utility (AEML) – Key Operating Metrics Q1FY23 (YoY) Consumer base (million) Distribution Loss (%) E-payment (% of total collection) 6.83% 6.88% 3.09 3.06 74.72% Improving 69.73% E-payments consistently due remains strong Increase in to focused loss with greater consumer base mitiga
Slide 14: Distribution Utility (AEML) – Consumer Mix Q1FY23 (YoY)
ATL: Distribution Utility (AEML) – Consumer Mix Q1FY23 (YoY) Consumer-wise volume mix Consumer-wise revenue mix 55% 61% 49% 53% 40% 33% 36% Consumer mix shifting 28% back from residential demand to higher commercial segment 11% 12% 11% 11% demand resulting in higher revenue Residential Commercial In
Slide 15: Recent Award and Recognition
Recent Award and Recognition
Slide 16: Recent Awards & Achievements
ATL: Recent Awards & Achievements Greentech Corporate CIIs Operational Sustainability Competition Became Signatory to the UN Governance Award 2022 for - Platinum, Gold and Silver award in Energy Compact to further the Excellence in Corporate Environmental and Economic Sustainability SDG 7 (Affordabl
Slide 17: Transmission Line Availability– Obligor and USPP Assets Groups
Transmission Line Availability– Obligor and USPP Assets Groups
Slide 18: Q1FY23 (YoY) – Line availability across asset groups
ATL: Q1FY23 (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 99.92% 99.93% 2.31% 1.20% 1.27% 2.14% 98.5% 98.
Slide 19: Global Peer Benchmarking
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Global Peer Benchmarking 14
Slide 20: 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 21: 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 22: 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 23: ATL’s Operational Asset Portfolio as of Q1FY23
ATL’s Operational Asset Portfolio as of Q1FY23 Adani Transmission Limited 100% 100% 75% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% AEML MUL ATSCL & WTGL, PPP Bikaner Obra-C ATIL MEGPTCL ATBSPL APTL ATRL RRWTL CWRTL STL FBTL Khetri GTL Discom Discom MTSCL WTPL 8/9/10 Badaun
Slide 24: ATL‘s Under-construction Asset Portfolio as of Q1FY23
ATL‘s Under-construction Asset Portfolio as of Q1FY23 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% 100% Distribution businesses WRSS – Obra-C Lakadia MP Kharghar Jam Kham- NKTL Banas- WK
Slide 25: 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 26: Thank You
adani Transmission adani Transmission Thank You -¢