Adani Power Limited · NSE:ADANIPOWER
Adani Power — BOBCAPS Unlocking Insights 2024 Investor Conference
28 slides from Adani Power's conference presentation, Mar 1, 2024
Slide 1: Stock exchange cover letter for investor presentation
March 1, 2024 To, BSE Limited National Stock Exchange of India Limited P J Towers, Exchange plaza, Dalal Street, Bandra-Kurla Complex, Bandra (E) Mumbai – 400 001. Mumbai – 400 051. Scrip Code: 533096 Scrip Code: ADANIPOWER Dear Sir(s), Sub.: Investor Presentation for BOBCAPS Unlocking Insights 2024
Slide 2: Presentation for BOBCAPS Investor Conference
Adani Power Limited Presentation for BOBCAPS Investor Conference • 1st March 2024
Slide 3: 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 Power Limited (“APL”) and its subsidiaries , associates, and joint ventures (c
Slide 4: Table of Contents
Table of Contents 1 About Adani Portfolio 2 About Adani Power Limited (APL) 3 Power Sector Growth Outlook 4 APL: Strategic Advantages 5 APL: Performance Highlights 6 ESG Practice at APL 7 Conclusion 3
Slide 5: About Adani Portfolio
1 About Adani Portfolio STRICTLY CONFIDENTIAL
Slide 6: Adani Portfolio: A World class infrastructure & utility portfolio
Adani Portfolio: A World class infrastructure & utility portfolio Flagship Infrastructure & Utility Core Portfolio Primary Industry Emerging B2C Materials, Metal & Incubator Energy & Utility Transport & Logistics Direct to consumer Mining (72.6%) (56.4%) (73.2%) (65.9%) (100%) (63.2%) AGEL AESL APSE
Slide 7: Adani Portfolio: Decades long track record of industry best growth with national footprint
Adani Portfolio: Decades long track record of industry best growth with national footprint Secular growth with world leading efficiency National footprint with deep coverage Growth 3x 6 Growth 4x 6 EBITDA 70% 1,2 EBITDA 92% 1,4 AEL APSEZ Growth 3x 6 Growth 1.4x 6 AGEL ATGL Adani’s Core Infra. Platfo
Slide 8: Adani Portfolio: Repeatable, robust & proven transformative model of investment
Adani Portfolio: Repeatable, robust & proven transformative model of investment Phase Development Operations Post Operations Center of Excellence Project Management & Assurance Group AIMSL1 Policy -Strategy - Risk Origination Site Development Construction Operation Capital Management Activity • Anal
Slide 9: About Adani Power Limited (APL)
2 About Adani Power Limited (APL) STRICTLY CONFIDENTIAL
Slide 10: APL: Multifaceted power producer
APL: Multifaceted power producer Core Business Embedded Expertise Value Enhancement Emerging Opportunities Training and Vendor Power Generation Logistics Waste Management Development Solid fuel and fly ash: High quality manpower India’s largest private Value creation out of Sourcing and disposal dev
Slide 11: Operating Portfolio Overview: Strategically located, diversified fleet
Operating Portfolio Overview: Strategically located, diversified fleet 100% 100% 100% Raipur Raigarh Udupi Tiroda Mahan Kawai Mundra Godda Mahan (Chhattis- (Chhattis- (Karnataka) (Maharashtra) Ph-I (MP) (Rajasthan) (Gujarat) (Jharkhand) Ph-II (MP) garh) garh) Hinterland Category Coastal, Utility Nea
Slide 12: APL: Growth path for sustained leadership
APL: Growth path for sustained leadership APL Operational Capacity: 12,450 MW2 Operational Assets: 15,250 MW 100% 100% APJL MEL Operational Capacity: 1,600 MW Operational Capacity: 1,200 MW Under construction: 1,600 MW Under Construction: 1,600 MW Organic-1 Organic-2 CEPL Other Inorganic Proposed Gr
Slide 13: APL: Excellent revenue visibility and fuel security
APL: Excellent revenue visibility and fuel security Capacity tie-up (%) Fuel cost recovery mix (%) Regulated Utility 6% Fuel cost pass 19% through TBCB-State DISCOMs 26% 33% Escalable energy 81% 9% TBCB-Private charge with 74% change-in-law 6% Transnational 60% Others (Sovereign) Offtake risk Fuel c
Slide 14: Power Sector Growth Outlook
3 Power Sector Growth Outlook STRICTLY CONFIDENTIAL
Slide 15: Thermal power is the base load power solution for India's electricity grid
Thermal power is the base load power solution for India’s electricity grid Significant potential for Indian power demand growth Aggregate power demand to double by FY32 Per Capita Consumption (kWh) 13,098 Billion Units 2,474 1,908 1,511 4,906 1,276 3,957 3,260 2,570 1,331 India Brazil World South Af
Slide 16: APL: Strategic Advantages
4 APL: Strategic Advantages STRICTLY CONFIDENTIAL
Slide 17: Fuel management & logistics – Key competitive advantage
Fuel management & logistics – Key competitive advantage Fuel management is key to revenue stability Plant and Mine Locations Only IPP in India with in-house, mine-to-plant logistics capability Handling approx. 60 MMTPA coal, 13 MMTPA Fly Ash Kawai NCL Constant attention to multiple agencies and touc
Slide 18: Operational Excellence through Energy Network Operation Center (ENOC)
Operational Excellence through Energy Network Operation Center (ENOC) ENOC (Energy Network Operating Centre) − Remote monitoring, diagnosis, and troubleshooting Centralized Management − Centralized power scheduling for optimum capacity utilisation Real Time Data Availability − Real time data access,
Slide 19: Project Management & Assurance Group (PMAG) - End to End Project Integration
Project Management & Assurance Group (PMAG) - End to End Project Integration Bidding, Site Scouting Project Development & Basic Engineering Execution Operations Concept Integrated Project Management Commissioning Strength: Team of 90 professionals having hands-on experience of 2,000+ man-years of co
Slide 20: APL: Performance Highlights
5 APL: Performance Highlights STRICTLY CONFIDENTIAL
Slide 21: Operating Performance Trends
Operating Performance Trends Average Operational Capacity (MW) Commercial Availability under LT PPAs (%) 91% 89% 90% 89% 14,985 13,650 83% 12,450 12,450 79% 11,810 10,480 FY19 FY20 FY21 FY22 FY23 9M FY24 FY19 FY20 FY21 FY22 FY23 9M FY24 PLF (%) Sales (BU) 64 59 57 55 53 52 64% 67% 59% 62% 52% 48% FY
Slide 22: Key Financial Highlights
Key Financial Highlights Total Revenues (Rs. Crore) Credit Profile 46,400 Domestic Ratings 43,041 Listed Entities Rating Agency INR Ratings 31,686 APL CRISIL AA-/Stable 26,362 27,842 28,150 APL India Ratings AA-/Stable APJL India Ratings BBB/Stable Net Senior Debt to EBITDA (x)1 4.8 5.4 FY19 FY20 FY
Slide 23: ESG Practice at APL
6 ESG Practice at APL STRICTLY CONFIDENTIAL
Slide 24: ESG Highlights
ESG Highlights In its endeavor for climate readiness, APL is aligning its business ESG Rating Highlights model with latest technologies in climate efficient manner Statutory limit (3.5) − B Score For fulfilling climate change and water security commitments from CDP (Carbon Disclosure Project) for 20
Slide 25: Board Committees
Board Committees Board Committee 100% Chaired by Chaired IDs IDs By NID Statutory Committees 40% - Audit 🗹 Comprised of only 🗹 Independent - Nomination & Remunerations Directors - Stakeholder Relationship 🗹 100% of Statutory - Corporate Social Responsibility 🗹 Committees Chaired by - Risk…
Slide 26: Conclusion
7 Conclusion STRICTLY CONFIDENTIAL
Slide 27: APL: Investment Case
APL: Investment Case ▪ 81% of capacity contracted under LT / MT PPAs, most of which offer fuel cost pass through or tariff Revenue escalation, yielding excellent revenue visibility and cash flow stability. Visibility ▪ Near-pithead capacity enjoys logistics cost advantage, enabling higher offtake an
Slide 28: Thank You
Thank You
Adani Power — BOBCAPS Unlocking Insights 2024 Investor Conference on 6ix