Slide 1: Adani Enterprises Ltd Q2 FY22 Earnings Presentation
Adani Enterprises Ltd Q2 FY22 Earnings Presentation
Slide 2: Content
Content 01 Group Profile 02 Company Profile 03 Earnings Update 04 Update on Developing Businesses 05 Update on Established Businesses 06 Operational and Financial Highlights 07 ESG 08 Appendix 2
Slide 3: Group Profile
Group Profile 3
Slide 4: Adani Group: A world class infrastructure & utility portfolio
Adani Group : A world class infrastructure & utility portfolio Adani Transport & Logistics Energy & Utility • Marked shift from B2B to Portfolio Portfolio B2C businesses – • ATGL – Gas distribution 63.8% 100% 75% 60.2% network to serve key APSEZ SRCPL ATL AGEL geographies across Port & Logistics Rai
Slide 5: Adani Group: Decades long track record of industry best growth rates
Adani Group: Decades long track record of industry best growth rates across sectors Port Cargo Throughput (MMT) Renewable Capacity (GW) Transmission Network (ckm) CGD7 (GAs8 covered) 12% 132% 45% 21% 3x 5x 3x 30% 1.5x 4% 25% 7% Industry APSEZ Adani Industry AGEL Adani Industry ATL Industry Industry
Slide 6: Adani Group: Repeatable, robust & proven transformative model of investment
Adani Group: Repeatable, robust & proven transformative model of investment Phase Development Operations Post Operations Origination Site Development Construction Operation Capital Mgmt Activity • Analysis & market • Site acquisition • Engineering & design • Life cycle O&M • Redesigning the capital
Slide 7: Company Profile
Company Profile 7
Slide 8: AEL: A Successful Incubator
AEL : A Successful Incubator Successful Incubator Value to Shareholders Capital Management • Created five infrastructure unicorns • Delivered returns at 36% CAGR since • Consistent with the group philosophy, Value Creation since inception listing in 1994 to raise capital for all incubating • Demerge
Slide 9: Incubation story so far: Creating infrastructure unicorns
AEL : Incubation story so far > > Creating infrastructure unicorns AEL 2007 2009 2015 2018 2018 APSEZ APL ATL AGEL ATGL USD 22 Bn USD 6 Bn USD 25 Bn USD 25 Bn USD 21 Bn Demerged from 2015 Demerged from 2018 • A successful incubator since 1994 • Created five infrastructure unicorns and the process co
Slide 10: AEL and its Incubation Portfolio
AEL : Tried & tested model poised for growth AEL and its Incubation Portfolio Resources* Transport & Logistics Utility Strategic Mining Rail / Data IRM Airports Road Water Solar Mfg Services Metro Centre Adani Adani Global FZE Incubating new wave of Infrastructure & Utility Assets Wilmar Ltd Adani G
Slide 11: AEL – Earnings Update
AEL – Earnings Update 11
Slide 12: Summary on Operational and Financial Updates - H1 FY22 and Q2 FY22
AEL : Summary on Operational and Financial Updates - H1 FY22 and Q2 FY22 Operations Finance Others H1 FY22 H1 FY22 (Consolidated) H1 FY22 Airports • Solar Manufacturing Volume • Total Income up 78% to • Took over Jaipur, Guwahati and up 8% Rs. 26,328 Cr Thiruvananthapuram Airports in • Mining Servic
Slide 13: AEL – Updates on Developing Businesses
AEL – Updates on Developing Businesses 13
Slide 14: AEL: Airport Vertical
AEL : Airport Vertical (Operations commenced in Q3 FY21) [Q2 FY22] [QoQ] Portfolio of 8 Airports - Serving ~ 20% of total passenger base Operational Updates Significant increase in Pax Movement and ATMs post phased unlocking and vaccination drive Pax (in Mn) ATM (Nos) H1 22 H1 22 6.5 10 Mn 62,199 1,
Slide 15: AEL: Roads Vertical
AEL : Roads Vertical [Q2 FY22] Portfolio of 10 projects Status of 3 Projects under construction with construction / maintenance of roads of 450+ Kms 20% 48% 62% 80% 52% 38% BPRPL SKRPL MRRPL BPRPL PRSTPL 53.300 kms PPRPL Completed Under Construction NPRPL 88.115 kms 67.750 kms 47.445 kms BKRPL Locke
Slide 16: AEL: Data Center Vertical
AEL : Data Center Vertical Empowering Digital India with a Platform of Hyperscale to Hyperlocal Data Center Solutions across 5 cities Construction updates Data Center Update Chennai • 95% of Engineering work Completed • 53% of Construction completed ; Noida Construction expected to be completed in J
Slide 17: AEL – Established Businesses updates
AEL –Established Businesses updates 17
Slide 18: AEL: Established Business snapshot
AEL : Established Business snapshot Solar Manufacturing Operational Updates Sales Volumes MW Sales Mix 538 497 4% 4% 13% 267 418 96% 83% 271 79 State of art facility of 1.5 GW premium Solar cell H1 FY22 H1 FY21 H1 FY22 H1 FY21 and modules manufacturing facility located in Q1 Q2 DCR Non-DCR Export In
Slide 19: Financial Highlights
Financial Highlights 19
Slide 20: Consolidated Financials – H1 FY22 and Q2 FY22
AEL : Consolidated Financials – H1 FY22 and Q2 FY22 (Rs Cr) Revenue EBIDTA PAT Attributable to owners H1 22–26,328 78% H1 22 – 2210 77% H1 22 – 484 23% 25,031 H1 21–14,814 2,008 H1 21 – 1252 1,185 H1 21 – 392 14,403 1,194 H1 vs H1 354 38 1,297 202 58 411 H1 FY22 H1 FY21 H1 FY22 H1 FY21 H1 FY22 H1 FY
Slide 21: Segment-wise Financials – H1 FY22
AEL : Segment-wise Financials – H1 FY22 (Rs Cr) Established Businesses Developing Business Solar Mfg. Mining Services IRM Airports# Revenue Revenue Revenue ➢ Total Revenue for H1 1240 1088 923 18408 FY22 stood at Rs. 762 Cr 1177 8191 and EBIDTA stood at Rs. 310 Crore H1 FY22 H1 FY21 H1 FY22 H1 FY21
Slide 22: Segment-wise Financials – Q2 FY22
AEL : Segment-wise Financials – Q2 FY22 (Rs Cr) Established Businesses Developing Business Solar Mfg. Mining Services IRM Airports # Revenue Revenue Revenue ➢ Total Revenue for Q2 9322 FY22 stood at Rs. 655 Cr 965 617 514 508 5092 and EBIDTA stood at Rs. 321 Crore Q2 FY22 Q2 FY21 Q2 FY22 Q2 FY21 Q2
Slide 23: Adani Wilmar [50:50 JV]: Steady overall performance
AEL : Adani Wilmar [50:50 JV]: Steady overall performance (Rs Cr) Revenue EBIDTA PAT 24957 358 890 286 H1 vs H1 16229 727 H1 FY22 H1 FY21 H1 FY22 H1 FY21 H1 FY22 H1 FY21 Increase due to rising prices of Edible Oil Increase in line with revenue, partly Increase due to higher EBIDTA compensated by ris
Slide 24: AEL: Leverage Profile
AEL : Leverage Profile (Rs Cr) Sept-21 Mar-21 Segment LT Debt* ST Debt & WC Total LT Debt ST Debt & WC Total Established Businesses (A) IRM 1,282 3,136 4,418 1,085 2,983 4,068 Mining Services 827 674 1,501 873 766 1,639 Solar Manufacturing 955 639 1,594 924 803 1,727 Shipping 240 - 240 301 - 301 Oz
Slide 25: ESG Key Focus Areas
ESG Key Focus Areas Sr Mining Services Solar Mfg No. 1 Efficient use of water and energy Conservation of Natural Resources 2 Reduction of emission levels Waste Management 3 Zero tolerance for fatalities at sites Safety 4 Faster reclamation of de-coaled areas 25
Slide 26: ESG performance Sept 21 - Mining Services
AEL : ESG performance Sept 21 - Mining Services 12 % ↓* 2.5 % ↓* Emission Intensity Energy Intensity Water Intensity 0.20 tCO2/MT 5624 GJ/MMT 187 Litres / MT 99% 8.09 Lakh 3797 Ha - C Afforestation Waste Managed through Trees Planted 261 Ha - Reclamation 5R Terrestrial Waste Management CA Land & Exc
Slide 27: ESG performance Sept 21 - Solar Mfg
AEL : ESG performance Sept 21 - Solar Mfg Natural Resource Conservation ◼ Rooftop Solar plants helped to substitute ~5% of Power requirement ◼ Energy Conservation initiatives helped to achieve 3% reduction in Specific Power Consumption vs FY 21 (KwH/MW) ◼ 4% reduction in Specific Consumption (KL/MW)
Slide 28: Consistent 100% Compliance for Environment Conservation - Solar Mfg.
AEL : Consistent 100% Compliance for Environnent Conservation - Solar Mfg. ETP- Treated Water STP- Treated Water(MSPVL and MSTPL) All 3 Parameters are in limit All 3 Parameters are in limit 100 100 16 15 11.8 6.5-8.5 26 30 26.1 6.5 - 8.5 7.18 7.28 pH @ 25 ° C Total Suspended Solids Fluoride (as F) p
Slide 29: Social Philosophy – aligned to UNSDG 2030 goals
AEL : Social Philosophy – aligned to UNSDG 2030 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 n
Slide 30: AEL: Revised Board Charter implemented
AEL: Revised Board Charter implemented • Existing Board Committee composition changed: Committee Existing Approved Audit & Nomination & Remuneration Committees 75% Independent Directors 100% Independent Directors CSR Committee 33% Independent Directors Atleast 75% Independent Directors Stakeholders
Slide 31: AEL: Governance Philosophy
AEL: Governance Philosophy Policies Committees Assurance • Environment Policy covered in • Corporate Responsibility Committee BR Policy • Risk Management Committee Corporate Responsibility Committee • Corporate Social Responsibility Establishment of Policy • Corporate Social Responsibility “CRC” of
Slide 32: Appendix
Appendix 32
Slide 33: Developing Business - Adani Airports
AEL : Developing Business - Adani Airports Operational Details Airports Passengers (In Mn) ATM (Nos) Cargo (MT) Q2 FY22 Q1 FY22 Q2 FY22 Q1 FY22 Q2 FY22 Q1 FY22 Ahmedabad 1.3 0.7 13,223 8,386 7,858 5,760 Lucknow 0.6 0.5 6,094 5,187 3,829 2,971 Mangaluru 0.2 0.1 2,083 1,694 -- -- Mumbai 4.4 2.2 40,799
Slide 34: Developing Business - Roads and Water project updates
AEL : Developing Business - Roads and Water project updates Concession Period Project Length / Type Project Name State (in Years) Project Status Model Capacity (Const + O&M) Bilaspur Pathrapali HAM 53.3 Kms Chattisgarh 2 + 15 80% completed Suryapet Khammam HAM 58.6 Kms Telangana 2.5 + 15 52% complet
Slide 35: Established Business - Mining Services
AEL : Established Business - Mining Services Quantitative Details Quantities in MMT Mine Q2 FY22 Q2 FY21 ROM Dispatch ROM Dispatch Parsa Kente 3.1 2.4 3.3 2.6 GP III 0.7 0.8 0.1 0.4 Talabira II and III 1.4 1.4 0.1 0.1 Kurmitar 1.0 0.7 -- -- Total 6.2 5.3 3.5 3.1 Mine H1 FY22 H1 FY21 ROM Dispatch ROM
Slide 36: Established Business - Mining Services updates
AEL : Established Business - Mining Services updates Type of Project Mine Capacity State Customer (Owner) Project Status Parsa East Kente Basen 15 MMT Chattisgarh RRVUNL Gare Pelma III 5 MMT Chattisgarh CSPGCL Operational Talabira II & III 20 MMT Odisha NLCIL Parsa 5 MMT Chattisgarh RRVUNL Coal Mini
Slide 37: 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 futur