Adani Total Gas Ltd. · NSE:ATGL
Adani Total Gas — Investor Presentation (June 2021)
43 slides from Adani Total Gas's investor presentation, June 2021
Slide 1: Investor Presentation Equity - Adani Total Gas Limited
Investor Presentation Equity Adani Total Gas Limited 1 ADANI TOTAL GAS LIMITED
Slide 2: Contents
Contents 01 ATGL Promoters Profile a Adani Group B b TOTAL Group 02 About Adani Total Gas 03 Sustainability 04 Investment Rationale Annexure - Operational & Financial 05 Highlights 2 ADANI TOTAL GAS LIMITED
Slide 3: Fight against COVID – Together We can – Appeal By ATGL
Fight against COVID – Together We can – Appeal By ATGL “ATGL appeals to all ” to follow Covid Appropriate Behavior (CAB) Always Wear Maintain Social Sanitize Hands Get Vaccinated Mask Distance All ATGL Employees and Partners are being sensitized to follow Covid Appropriate Behavior and get Vaccinate
Slide 4: ATGL Promoters Profile
01 ATGL Promoters Profile ADANI TOTAL GAS LIMITED 4
Slide 5: About Adani Group
01a About Adani Group ADANI TOTAL GAS LIMITED 5
Slide 6: 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 63.7% 100% 75% 56% network to serve key SRCPL ATL AGEL geographies across India APSEZ Port & Logistics R
Slide 7: Adani Group: Decades long track record of industry best growth rates across sectors
Adani Group: Decades long track record of industry best growth rates across sectors Port Cargo Throughput (MT) Renewable Capacity (GW) Transmission Network (ckm) CGD7 (GAs8 covered) 12% 45% 118% 20% 3x 5x 3x 30% 1.5x 4% 7% 25% Industry Adani APSEZ Industry AGELAdani Industry ATL Industry AGL 2014 97
Slide 8: 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 • Site acquisition • Engineering & design • Redesigning the • Analysis & market • Life cycle O&M capital
Slide 9: About Total Group
01b About Total Group ADANI TOTAL GAS LIMITED 9
Slide 10: Major Energy Player
MAJOR ENERGY PLAYER Total is a major energy player, that produces and markets fuels, natural gas and low-carbon electricity. Our100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, ou
Slide 11: Meeting a Growing Demand
MEETING A GROWING DEMAND Our activities span the entire value chain: ENERGY EFFICIENCY SERVICES - from the production of energy CARBON SINKS (natural gas, solar and wind power, oil, biomass), STORAGE - through to the transport and FUEL transformation of energies into NATURAL GAS LOW-CARBON ELECTRICI
Slide 12: Taking Climate Challenges into Account
TAKING CLIMATE CHALLENGES INTO ACCOUNT Becoming the responsible energy major means integrating climate into our strategy and providing more environmentally friendly energy. Global energy demand Our objective is to cut the greenhouse gas emissions of our Mboe/d operations by 15% between 2015 and 2025
Slide 13: Key Figures
KEY FIGURES 4.06 bn $ adjusted net income in 2020 - >35 GW The world no. 2 ~2 bn $ 2.9 mboe/day liquefied natural Capital invested in of production in production capacity of 2020, of which > gas operator Renewables and renewable electricity by 2025 50% natural gas (LNG) Electricity 6refining major i
Slide 14: About Adani Total Gas Limited
02 About Adani Total Gas Limited ADANI TOTAL GAS LIMITED 14
Slide 15: Adani Total Gas Journey so far…
Adani Total Gas Journey so far… ATGL has undergone transformation in terms of operational scale and will continue to scale up significantly in the coming decade Adani Total Gas Limited • First Domestic Connection • Entered into a strategic Listed Entity Incorporation of at Ahmedabad 50:50 JV with IO
Slide 16: About Adani Total Gas Limited (ATGL)
About Adani Total Gas Limited (ATGL) ATGL has multipronged presence across Natural Gas Value Chain in India, has a JV with India’s largest downstream PSU and one of the world’s largest IOCs as a strategic partner in ATGL Public 37.4% 37.4% 25.2% Combined LNG Tanker LNG Terminal 38* 19 Authorized are
Slide 17: Adani Total Gas Landscape (including JV – IOAGPL)
Adani Total Gas Landscape (including JV – IOAGPL ) ATGL has a geographically diversified portfolio in the CGD sector that includes major commercial, industrial and residential hubs 15 States GA Spread 71 Districts 8% Population Largest Private CGD Entity Only Private CGD Entity Listed on Indian Stoc
Slide 18: One of the India's Largest Private City Gas Distribution Companies
Adani Total Gas – One of the India’s Largest Private City Gas Distribution Company Commissioned Geographical Areas 18 Financial Performance - FY21 EBITDA –INR 749 Crs Number of CNG Stations 217 PAT – INR 472 Crs Pipeline Network 8000+ Kms ROCE ~ 28% ROE ~ 27% Number of Industrial and Total Assets >
Slide 19: Automation & Digitization of Customer Facing Processes
Adani Total Gas – Automation & Digitization of Customer Facing Processes Significant growth in the share of Digital Transactions . Currently over 90% of Payment is through Digital Mode ATGL has adopted a structured − Call Center Digital Initiatives in Progress and process-driven approach to ensure b
Slide 20: ATGL: Project Execution Strategy
ATGL : Project Execution Strategy The strong experience in successful execution of existing 4 GAs will help ATGL in implementing the targets for the newly awarded 15 GAs Minimum Work Program to be achieved by ATGL in 8 Years for the new GAs Acceleration on segments with high returns and the Minimum
Slide 21: Sustainability
03 Sustainability ADANI TOTAL GAS LIMITED 21
Slide 22: ATGL: Sustainability, Environmental, Health and Safety
ATGL : Sustainability Environmental • ATGL contribution to reduction of GHG emissions is expected to consistently increase over a period of time due to increasing adoption of Natural Gas • ATGL overall is positively working on reducing the carbon footprint in the cities by promoting Natural Gas Vehi
Slide 23: ATGL: Corporate Social Responsibility (CSR)
ATGL : Corporate Social Responsibility (CSR) Adani Foundation’s presence across India Social Initiatives through Adani Foundation1 : Core Areas Education Community Health Sustainable Livelihood Community Infrastructure Social Initiatives at ATGL • ADANI VIDYA MANDIR ➢ ATGL fulfils its socio-economic
Slide 24: Rationale for Investment
04 Rationale for Investment 24 ADANI TOTAL GAS LIMITED
Slide 25: Adani TOTAL Gas Limited – Immense Value Creation
Adani TOTAL Gas Limited – Immense Value Creation FY16 Growth / Increase FY21 Infrastructure Creation Increase by 152 217 CNG Stations 65 Domestic Connections 0.22 Mn Increase by 0.26 Mn 0. 48 Mn Key Focus on Steel Network 355 Km Increase by 350 Km 705 Km maintaining Return on 13% Capital Employed an
Slide 26: Adani Total Gas: A Compelling Investment Opportunity
Adani Total Gas: A Compelling Investment Opportunity ✔ Adani Total Gas is the largest private sector player – well positioned to take advantage of growth in NG sector ✔ Strong Sponsorship of Adani Group and Total Group ✔ Natural gas – clean energy source, expected to be 15% of the India energy mix i
Slide 27: Legal Disclaimer
Legal Disclaimer Certain statements made in this presentation may not be based on historical ATGL assumes no responsibility to publicly amend, modify or revise any forward- information or facts and may be “forward-looking statements,” including those looking statements, on the basis of any subsequen
Slide 28: Annexure
Annexure ADANI TOTAL GAS LIMITED 28
Slide 29: ATGL – Operational and Financial Performance
05 ATGL – Operational and Financial Performance ADANI TOTAL GAS LIMITED 29
Slide 30: Fight against COVID at ATGL
Fight against COVID at ATGL • Supply to PNG & CNG customers 24 x 7 • Operations of Area Emergency Offices • Patrolling of Assets (CGS, DRS, MCR etc) COVID Safety adherence by all stakeholders High priority to customers providing essential services Promoting Digital Payments to reduce Physical Contac
Slide 31: ATGL: Key Milestone – FY21
ATGL : Key Milestone – FY21 ADANI TOTAL GAS LIMITED 31
Slide 32: ATGL: Operational and Financial Highlights – FY21
ATGL : Operational and Financial Highlights – FY21 Operational Highlights ➢ Combined volume of CNG and PNG achieved @ 515 MMSCM vs 582 MMSCM in FY20, ➢ CNG Stations increased to 217, added 102 new CNG stations in FY21 ➢ Over 170 Kms of Steel Pipeline laid in FY21 ➢ PNG Home Connection increased to 4
Slide 33: ATGL: Infrastructure Update: FY21
ATGL : Infrastructure Update : FY21 CNG Stations Steel Network in KM 217 705 102 New CNG 535 More than 170 stations Kms (~ 1470 Inch 115 added during –Km) pipeline was FY21 laid in FY21 FY20 FY21 FY20 FY21 PNG Connections Other Update Commercial Industrial No of Household • Despite Covid, there has
Slide 34: ATGL – Break up of CNG Stations
ATGL – Break up of CNG Stations CNG Stations FY20 FY21 12 4 29 27 115 217 176 84 COLO CODO DODO Total COLO CODO DODO Total • COLO format is the primary engine for faster and early monetization for any GA and also helps in creating Ecosystem faster. • Company to focus on increasing DODO format going
Slide 35: Diversified Geographic Spread along with Prudent Gas Sourcing
ATGL : Diversified Geographic Spread along with Prudent Gas Sourcing Prudent Gas Sourcing Strategy and Pricing Diversified geographic spread Mechanism • Government allocates gas for CNG & domestic as priority sector Geographic • Gas for other customer segments bought from Spread open market • Multip
Slide 36: Resilient Operations Resulting into Strong Financial & Operating Performance
ATGL : Resilient Operations Resulting into Strong Financial & Operating Performance Sales Volume Mix (MMSCMD) EBITDA (INR Cr) & Margin (%) 1.8 1.31 1.48 1.60 1.41 2.00 1000 1.6 1.00 900 1.4 800 0.00 700 1.2 0.8 0.72 0.79 -1.00 600 3 Yr 1 0.63 0.8 -2.00 500 CAGR 400 749 0.6 -3.00 300 639 19% 541 0.4
Slide 37: Operational & Financial Highlights – Q4FY21
Operational & Financial Highlights – Q4FY21 37 ADANI TOTAL GAS LIMITED
Slide 38: ATGL: Operational and Financial Highlights: Q4FY21
ATGL : Operational and Financial Highlights : Q4FY21 Operational Highlights ➢ Combined volume of CNG and PNG achieved @ 166 MMSCM vs 145 MMCM in Q4 FY20 ➢ Average Volume in Q4 FY21 increased to 1.85 MMSCMD as compared to average volume of 1.67 MMSCMD in Q3 FY21 showing recovery of 11% on QoQ basis ➢
Slide 39: Volume – Quarter Wise Performance (1/2) – Q4FY21
ATGL : Volume – Quarter Wise Performance (1/2) – Q4FY21 Volume Comparison Q4FY20 vs Q4FY21 (MMSCM) CNG PNG Total 75 91 71 166 75 145 Q4FY20 Q4FY21 Q4FY20 Q4FY21 Q4FY20 Q4FY21 Increased by 7% Increased by 21% Increased by 14% ➢ CNG Volume has increased by 7% Y-o-Y despite continued restrictions . Thi
Slide 40: Key Financials – Quarter Wise Performance (2/2): Q4FY21
ATGL : Key Financials – Quarter Wise Performance (2/2) : Q4FY21 All Fig in INR Crs Revenue EBITDA Y-o-Y Comparison Increase of Revenue by 25% form INR 25% 614 25% 224 180 490 Crs to 614 Crs . 490 Increase of EBITDA by 25% on account of ➢ Increase in volume by 14% Q4FY20 Q4FY21 Q4FY20 Q4FY21 ➢ Cost O
Slide 41: ATGL: Balance Sheet Details
ATGL : Balance Sheet Details All Fig in INR Crs Net Fixed Assets (Incl. CWIP) Networth • Increase of 36% in Fixed Asset (Incl CWIP) 1960 1952 on account 1440 1480 development of New GAs • Net worth increased by 32% on account of increase in growth in FY20 FY21 FY20 FY21 Profitability Long Term Debt
Slide 42: Key Financials: Income Statement Summary – Standalone
Key Financials : Income Statement Summary – Standalone Quarter Ended (INR Cr) Year Ended (INR Cr) Particulars 31-Mar-21 31-Dec-20 31-Mar-20 31-Mar-21 31-Mar-20 Revenue from Operations 614 522 490 1784 1991 Operating Expenses 333 260 250 858 1176 Administrative & other Expenses 77 49 72 222 220 Total
Slide 43: Thank you
Thank you “ATGL appeals to all to follow yourself and also wide awareness on adoption of Covid Appropriate Behavior (CAB) ” Always Wear Maintain Social Sanitize Hands Get Vaccinated Mask Distance ADANI TOTAL GAS LIMITED 43