Adani Energy Solutions Ltd · NSE:ADANIENSOL
Adani Energy Solutions — Adani Transmission — FY2022 Earnings Presentation
32 slides from Adani Energy Solutions's earnings presentation, April 2022
Slide 1: Adani Transmission Limited Provisional Operational Update Q4 and FY22
Adani Transmission Limited Provisional Operational Update Q4 and FY22 April 2022
Slide 2: Contents
CONTENTS 04-07 Adani Group 04 09 Executive Summary – FY22 09 11-14 FY22 (YoY) Performance 11 16-19 Q4FY22 (YoY) Performance 16 Key Awards & Achievements in 21 21 FY22 Line Availability Across Assets 23 23-24 Groups – Obligor and USPP Global Peer Benchmarking 26 26-27 29 29-30 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$ 165 bn1 Combined Market Cap Infrastructure Portfolio Incubator Energy & Utility Transport & Logistics Direct to consumer Other businesses (74.9%) (61.3%) (74.9%) (65%) (100%) (44%) AGEL ATL APSEZ AWL AEL NQXT2 Renewables T&D Ports & Logist
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) 45% 21% 132% 12% 1.5x 3x 30% 3x 5x 7% 4% 25% Industry ATL Industry APSEZ Industry Adani AGEL Industry AGL 2016 320,000 ckm
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): 18,875 ckm(1) 51% of EBITDA - Central pool D
Slide 8: Executive Summary – FY22
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Executive Summary – FY22 14
Slide 9: Executive Summary – Performance in FY22
ATL: Executive Summary – Performance in FY22 Transmission Business: Distribution Business: – Operated transmission lines upwards of 99.70% – 11.2% YoY growth – units sold 7,976 million units vs. 7,169 – Added 1104 ckms in FY22 to operational network, with million units last year due to increase in e
Slide 10: FY22 Operational Performance (YoY)
FY22 Operational Performance (YoY)
Slide 11: Transmission Utility – Key Operating Metrics FY22 (YoY)
ATL: Transmission Utility – Key Operating Metrics FY22 (YoY) Transmission Network length(2) (cktm) Power Transformation Capacity(2) (MVA) 18,875 40,001 17,276 Transformation 30,905 capacity has increased Significant network addition (+9% yoy) on 29% during the period account of organic due to additi
Slide 12: Distribution Utility (AEML) – Key Operating Metrics FY22 (YoY)
ATL: Distribution Utility (AEML) – Key Operating Metrics FY22 (YoY) Supply Reliability (ASAI) (%) SAIDI (mins), SAIFI (nos.) and CAIDI (mins)(1) SAIFI SAIDI CAIDI 99.996% 99.993% 34.58 31.11 28.95 Strong improvement Maintained supply 23.63 in reliability reliability of more parameters than 99% 0.82
Slide 13: Distribution Utility (AEML) – Key Operating Metrics FY22 (YoY)
ATL: Distribution Utility (AEML) – Key Operating Metrics FY22 (YoY) Consumer base (million) Distribution Loss (%) E-payment (% of total collection) 7.82% 3.08 3.06 69.70% 67.17% Improving E-payments 6.47% consistently due remains strong Increase in to focused loss with greater consumer base mitigati
Slide 14: Distribution Utility (AEML) – Consumer Mix FY22 (YoY)
ATL: Distribution Utility (AEML) – Consumer Mix FY22 (YoY) Consumer-wise volume mix Consumer-wise revenue mix 53% 59% 48% 54% 39% 35% 34% Consumer mix shifting 30% back from residential demand to higher commercial and industrial 13% 12% 12% 11% segment demand resulting in higher revenue Residential
Slide 15: Q4FY22 Operational Performance (YoY)
Q4FY22 Operational Performance (YoY)
Slide 16: Transmission Utility – Key Operating Metrics Q4FY22 (YoY)
ATL: Transmission Utility – Key Operating Metrics Q4FY22 (YoY) Transmission Network length(1) (ckms) Power Transformation Capacity(1) (MVA) 18,875 17,276 40,001 Transformation Significant network 30,905 capacity has increased addition (+9% yoy) on 29% during the period account of organic due to addi
Slide 17: Distribution Utility (AEML) – Key Operating Metrics Q4FY22 (YoY)
ATL: Distribution Utility (AEML) – Key Operating Metrics Q4FY22 (YoY) Supply Reliability (ASAI) (%) SAIDI (mins), SAIFI (nos.) and CAIDI (mins)(1) SAIFI SAIDI CAIDI 99.996% 99.992% 31.30 26.77 AEML maintained Strong more than 99.9% improvement in supply reliability 10.08 parameters 4.77 0.18 0.32 Q4
Slide 18: Distribution Utility (AEML) – Key Operating Metrics Q4FY22 (YoY)
ATL: Distribution Utility (AEML) – Key Operating Metrics Q4FY22 (YoY) Consumer base (million) Distribution Loss (%) E-payment (% of total collection) % 70.36% 3.08 3.06 7.56% Provisional E-payments Increase in Distribution loss is remains strong customer 4.61% which 60.86% with greater addition 4.61
Slide 19: Distribution Utility (AEML) – Consumer Mix Q4FY22 (YoY)
ATL: Distribution Utility (AEML) – Consumer Mix Q4FY22 (YoY) Consumer-wise volume mix Consumer-wise revenue mix 43% 45% 43% 51% 42% 49% 37% 36% Consumer mix shifting back from residential demand to 14% 14% higher commercial and 13% 13% industrial segment demand resulting in higher revenue Residentia
Slide 20: FY22 ESG and Industry-specific Awards
FY22 ESG and Industry- specific Awards
Slide 21: Key Awards & Achievements in FY22
ATL: Key Awards & Achievements in FY22 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 (Affo
Slide 22: Transmission Line Availability– Obligor and USPP Assets Groups
Transmission Line Availability– Obligor and USPP Assets Groups
Slide 23: FY22 (YoY) – Line availability across asset groups
ATL: FY22 (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 99.59% 99.86% 1.18% 1.24% 1.74% 98.5% 98.5% 99.0
Slide 24: Q4FY22 (YoY) – Line availability across asset groups
ATL: Q4FY22 (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 99.96% 99.82% 1.27% 1.27% 2.09% 98.5% 98.5% 99
Slide 25: Global Peer Benchmarking
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Global Peer Benchmarking (Jan-Dec’20) 14
Slide 26: Transmission Operational Parameters – Peer Benchmarking
ATL: Transmission Operational Parameters – Peer Benchmarking System Availability / Reliability* (%) in line with global standards 99.99% 99.99% 99.99% 99.99% 100% 99.88% 100% 99% 98.60% 99% 98% 98% Italian Utility Russian Utility Spanish Utility Finland Utility Australian Utility Adani ATL has one o
Slide 27: Transmission Financial Parameters – Peer Benchmarking
ATL: Transmission Financial Parameters – Peer Benchmarking High EBITDA margin in transmission business across global utilities compared Peer Benchmarking – Financial Parameters (INR billion) 300 100% 92% 90% 250 80% 237 70% 79% 80% 77% 77% 70% 200 182 166 60% 162 150 145 50% 128 40% 100 30% 42 20% 5
Slide 28: 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 29: ATL’s Operational Asset Portfolio as of FY22
ATL’s Operational Asset Portfolio as of FY22 Adani Transmission Limited 100% 100% 75% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% AEML MUL ATSCL & WTGL, PPP Bikaner ATIL MEGPTCL ATBSPL APTL ATRL RRWTL CWRTL STL FBTL Khetri GTL Discom Discom MTSCL WTPL 8/9/10 Mundra - Tiroda - Ad
Slide 30: ATL‘s Under-construction Asset Portfolio as of FY22
ATL‘s Under-construction Asset Portfolio as of FY22 Adani Transmission Limited Since ATL’s evolution its Transmission 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Network (ckt km) has grown 3.4x and Obra-C WRSS – Lakadia Jam Kham- MP Kharghar NKTL Banas- WKTL HVDC# Khavda Karur expanded in
Slide 31: 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 32: Thank You
adani Transmission adani Transmission Thank You -¢