Adani Enterprises Limited · NSE:ADANIENT
Adani Enterprises — H1 FY23 Earnings Presentation
40 slides from Adani Enterprises's earnings presentation
Slide 1: Adani Enterprises Ltd H1 & Q2 FY23 Earnings Presentation
Adani Enterprises Ltd H1 & Q2 FY23 Earnings Presentation
Slide 2: AEL: Consolidated Financial Highlights [YoY]
AEL: Consolidated Financial Highlights [YoY] H1 FY23 at glance Total Income EBIDTA PAT* 79,508 cr 4,100 cr 930 cr 202% Growth 86% Growth 92% Growth 73,713 cr 5,795 cr 2,745 cr 1,355 cr 1,577 cr (647) cr 194% 347% 37% 571% 33% 8% Growth Growth Growth Growth Growth Growth Established Incubating Establ
Slide 3: Index
Index Particulars Page No Group Profile 4-7 Company Profile 8-11 Performance Highlights 12-13 Updates on Incubating Businesses 14-17 Updates on Established Businesses 18-20 Financial Highlights 21-25 ESG 26-30 Appendix - 3
Slide 4: Group Profile
Group Profile 4
Slide 5: Adani: A World Class Infrastructure & Utility Portfolio
Adani: A World Class Infrastructure & Utility Portfolio ~USD 240 bn1 Combined Market Cap Flagship Infrastructure & Utility Core Portfolio Primary Industry Emerging B2C Materials, Metal & Incubator Energy & Utility Transport & Logistics Direct to consumer Mining (72.3%) (60.5%) (73.9%) (66.0%) (100%)
Slide 6: Adani Portfolio: Decades long track record of industry best growth rates across sectors
Adani Portfolio: 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% 36% 18% 3x 5x 3x 25% 1.4x 4% 6% 25% Industry Industry APSEZ Adani Industry AGEL Adani Industry ATL Indus
Slide 7: Adani Portfolio: Repeatable, robust & proven transformative model of investment
Adani Portfolio: 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 capi
Slide 8: Company Profile
Company Profile 8
Slide 9: AEL: A Successful Incubator
AEL : A Successful Incubator Attractive Incubation Record New Segment Identification Green Hydrogen Ecosystem Attractive incubation portfolio with Identification & entry into new Development of manufacturing eco- each business positioned as next segments in line with the group’s systems (including i
Slide 10: AEL: Incubation Success Stories: Creating Decacorns
AEL : Incubation Success Stories: Creating Decacorns AEL has a demonstrated track record of creating high quality, high cashflow and high growth sustainable infrastructure businesses since 1994 Market Cap EBIDTA Company Overview (USD bn)1 (CAGR )2 − Ranked as ‘Largest Solar Power Developer in the Wo
Slide 11: AEL: Current Incubation Portfolio
AEL : Current Incubation Portfolio AEL Portfolio Energy & Transport & Consumer Primary Utility Logistics businesses Industry New Industries (End to end Airports Food FMCG1 Mining Industrials Green H2 chain) Mining Data Center Roads Digital PVC Services & IRM Commercial Copper, Water Aluminum Mining
Slide 12: AEL – Performance Highlights
AEL – Performance Highlights 12
Slide 13: Summary on Operational and Financial Highlights - H1 & Q2 FY23
AEL : Summary on Operational and Financial Highlights - H1 & Q2 FY23 [Consolidated] [YoY] Operations Finance Others H1 FY23 H1 FY23 ANIL Ecosystem • ANIL Ecosystem solar modules volume • Total Income up by 202% to Rs. 79,508 cr • New 2.0 GW plant of solar modules stood at 466 MW commissioned in July
Slide 14: AEL – Updates on Incubating Businesses
AEL – Updates on Incubating Businesses Transport & Logistics – Adani Airports Holdings Ltd (AAHL - Airports) Adani Road Transport Ltd (ARTL - Roads) Energy & Utility – AdaniConnex Pvt Ltd (ACX - Data Center) 14
Slide 15: Transport & Logistics – AAHL (Airports)
AEL : Transport & Logistics – AAHL (Airports) [Q2 FY23] [QoQ] Portfolio of 8 Airports - Serving ~ 20% of total passenger base Operational Updates Pax Movements recorded at 90% of Pre-Covid Level Q2 FY23 16.3 Pax movements (in Mn) Jaipur Q1 FY23 16.6 Lucknow 5.0 Mn Guwahati 5.4 Mn 5.4 Mn Ahmedabad Q2
Slide 16: Transport & Logistics – ARTL (Roads)
AEL : Transport & Logistics – ARTL (Roads) [Q2 FY23] Portfolio of 14 projects Project Completion Status with construction / maintenance of roads of 5000+ Lane Kms BPRPL & SKRPL Project - Provisional COD received Operational Construction in progress 646 19% Under Development L-Km 67% 69% 79% 1529 81%
Slide 17: Energy & Utility – ACX (Data Center)
AEL : Energy & Utility – ACX (Data Center) [Q2 FY23] Empowering Digital India with a Platform of Hyperscale to Hyperlocal Data Center Solutions with Strong Partnership Site Progress Updates Data Center Updates • First 17 MW Data Center commissioned Chennai • ~ 22% of Overall Project Completed; Pre-C
Slide 18: AEL – Updates on Established Businesses
AEL – Updates on Established Businesses Energy & Utility – Adani New Industries Ltd (ANIL) Supply Chain Ecosystem Primary Industries – Mining Services & IRM 18
Slide 19: Energy & Utility – ANIL Supply Chain Ecosystem
AEL : Energy & Utility – Adani New Industries Ltd (ANIL) Supply Chain Ecosystem Business Update Solar New 2.0 GW Capacity Plant − Module line COD is July-22 Sales Volume MW − Cell line and comprehensive project expected 538 SOLAR 466 COD by end of this fiscal year 267 206 − Order Book at 1.5 GW 271
Slide 20: Primary Industries
AEL : Primary Industries Mining Services & IRM Commercial Mining Mining Services Mining Services Production Carmichael Mine, Australia • Maintained leadership with 50% market (MMT) • Commencement of Mine Operations started share in Mining Services business 13.5 from Jan-22 • Total Mining Portfolio o
Slide 21: AEL - Financial Highlights
AEL - Financial Highlights 21
Slide 22: Consolidated Financials – H1 FY23 and Q2 FY23
AEL : Consolidated Financials – H1 FY23 and Q2 FY23 [Rs cr] Revenue EBIDTA PAT* H1 23–79,508 86% H1 23 – 4100 92% H1 23 – 930 202% H1 22–26,328 H1 22 – 2210 H1 22 – 484 2745 1577 73713 1185 H1 vs H1 2008 1355 25031 1297 5795 202 H1FY22 H1FY23 H1FY22 H1FY23 H1FY22 H1FY23 -701 -647 Established Busines
Slide 23: Segment-wise Financials – H1 FY23
AEL : Segment-wise Financials – H1 FY23 [Rs cr] Established Businesses Incubating Business Adani New Industries Primary Industries Primary Industries Transport & Logistics Supply Chain Ecosystem Mining services IRM Airports# 1240 1227 62328 1088 1097 ➢ Significant increase in Revenue Pax movements a
Slide 24: Segment-wise Financials – Q2 FY23
AEL : Segment-wise Financials – Q2 FY23 [Rs cr] Established Businesses Incubating Business Adani New Industries Primary Industries Primary Industries Transport & Logistics Supply Chain Ecosystem Mining services IRM Airports# 30664 617 613 514 ➢ Total Revenue in Q2 FY23 Revenue 420 is at Rs. 1306 cr
Slide 25: Leverage Profile
AEL : Leverage Profile [Rs cr] Particulars Sep-22 Mar-22 Particulars Sep-22 Mar-22 Long Term Debt 27,395 21,652 Total Equity 36,176 26,928 Short Term Debt 12,628 19,372 External Debt-to-Equity 0.93 1.06 Gross Debt 40,024 41,024 Annualised EBIDTA 8,200 4,726 Less: Founders' Debt 6,506 12,541 External
Slide 26: ESG Key Focus Areas
ESG Key Focus Areas Mining Services Adani New Industries Supply Chain Ecosystem Efficient use of water and energy Conservation of Natural Resources Reduction of emission levels Waste Management Faster reclamation of de-coaled areas Safety Zero tolerance for fatalities at sites 26
Slide 27: ESG Rating in DJSI (S&P Global)
AEL : ESG Rating in DJSI (S&P Global) Ranked 7th in its peer group in the world for 2022 Score Company Name 73 ITOCHU Corporation 72 Rexel S.A. Industry Highest 71 Sojitz Corporation 70 Mitsui & Co., Ltd. AEL 63 Ferreycorp S.A.A. 57 W.W. Grainger, Inc. 51 Adani Enterprises Limited Industry Average 4
Slide 28: ESG performance H1 FY23 Primary Industries (Mining Services)
AEL : ESG performance H1 FY23 Primary Industries (Mining Services) Achieved “FIMI – Hindalco – Aditya Birla Award for Sustainable Mining” for Best efforts in Biodiversity Conservation and Sustainable Mining for Parsa East and Kanta Basin coal mine located at Surguja, Chhattisgarh. 3% ↓* 15% ↓* 23% ↓
Slide 29: ESG performance H1 FY23 Adani New Industries Supply Chain Ecosystem
AEL : ESG performance H1 FY23 Adani New Industries Supply Chain Ecosystem Natural Resource Conservation ◼ Rooftop Solar plants helped to substitute ~ 4 % of Power requirement ◼ Specific Energy consumption is higher due to low production in Q2 ◼ Specific DI water consumption is higher due to low prod
Slide 30: 100% Compliance on Environment Conservation H1 FY23
AEL : Adani New Industries Supply Chain Ecosystem 100% Compliance on Environnent Conservation H1 FY23 ETP- Treated Water STP- Treated Water(MSPVL and MSTPL) GPCB Limit MSPVL MSTPL 100 GPCB Limit Result 100 30 15 12.6 16 22 19 6.5 - 8.5 7.16 4 6.5-8.57.14 6.93 13 pH@25°C Total Suspended Solids Fluori
Slide 31: Appendix
Appendix 31
Slide 32: Transport & Logistics – AAHL (Airports) Operational Details
AEL : Transport & Logistics – AAHL (Airports) [Q2 FY23] Operational Details Passengers (In Mn) ATM (In ‘000) Cargo (In Lacs MT) Airports Q2 23 Q1 23 Q2 22 Q2 23 Q1 23 Q2 22 Q2 23 Q1 23 Q2 22 Ahmedabad 2.1 2.1 1.3 18.7 17.0 13.2 0.1 0.2 0.1 Lucknow 1.2 1.2 0.6 10.2 9.0 6.1 0.0 0.0 0.0 Mangaluru 0.4 0
Slide 33: Transport & Logistics – ARTL (Roads) & (Water)
AEL : Transport & Logistics – ARTL (Roads) & (Water) [Q2 FY23] Concession Period (in Project Project Length/ CA signed Type Project Name State Years) Completion Model Capacity with (Const. + O&M) Status Bilaspur Pathrapali 53.3 Kms Chhattisgarh 2 + 15 Provisional COD Received Suryapet Khammam 58.6 K
Slide 34: Primary Industries - Mining services
AEL : Primary Industries - Mining services Quantitative Details (in MMT) Mine H1 FY23 H1 FY22 Q2 FY23 Q2 FY22 ROM Dispatch ROM Dispatch ROM Dispatch ROM Dispatch Parsa Kente 5.6 4.4 6.2 5.5 1.8 1.4 3.1 2.4 GP III 1.8 1.6 1.1 1.3 0.9 0.7 0.7 0.8 Talabira II and III 4.9 4.9 1.9 1.9 2.4 2.4 1.4 1.4 Kur
Slide 35: Primary Industries - Mining services [Q2 FY23]
AEL : Primary Industries - Mining services [Q2 FY23] Type of Project Mine Capacity State Customer (Owner) Project Status Parsa East Kente Basen 15 MMT Chhattisgarh RRVUNL Gare Pelma III 5 MMT Chhattisgarh CSPGCL Operational Talabira II & III 20 MMT Odisha NLCIL Suliyari 5 MMT Madhya Pradesh APMDC Co
Slide 36: Appendix : ESG Framework
Appendix : ESG Framework 36
Slide 37: Environment Philosophy
AEL : Environment Philosophy Offsetting Carbon Emission Conservation of Resource Waste Management • Reducing water footprint • Recycling waste through land- Climate • Carbon sequestration by • Land use and cover management filing afforestation Awareness • Energy Management • Circular Economy • Impro
Slide 38: 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 39: AEL: Governance Philosophy
AEL: Governance Philosophy Policies Committees Assurance • Environment Policy covered in • Corporate Responsibility Committee BR Policy • Risk Management Committee Corporate Responsibility Committee (CRC) • Corporate Social Responsibility (100% Independent Policy • Corporate Social Responsibility di
Slide 40: 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