Adani Green Energy Limited · NSE:ADANIGREEN
Adani Green Energy — Investor Presentation (March 2023)
38 slides from Adani Green Energy's investor presentation, March 2023
Slide 1: Adani Green Energy Limited Investor Presentation
Adani Green Energy Limited Investor Presentation March 2023
Slide 2: Table of Contents
Table of Contents 1 Adani Portfolio – Overview 2 Adani Green Energy Limited – Company Profile 3 Adani Green Energy Limited - Business Philosophy 4 AGEL - ESG 5 AGEL - Investment Case 6 Appendix 2
Slide 3: Adani Portfolio - Overview
01 Adani Portfolio - Overview STRICTLY CONFIDENTIAL
Slide 4: Adani: A World Class Infrastructure & Utility Portfolio
Adani: 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 (69.2%) (57.3%) (71.6%) (65.1%) (100%) (63.2%) AGEL ATL APSEZ AEL NQXT1
Slide 5: Adani Portfolio: Decades long track record of industry best growth
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 Growth 5x EBITDA 70% 1,2 EBITDA 92% 1,4 Core Portfolio Utility 92% Transport 85% Consumers ~400 mn Served Growth 3x
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 • Engineering & design • Redesigning the capital structure Activity • Analysis & market • Site acquisition • Life cycle
Slide 7: AGEL: Replicating Group's Simple yet Transformational Business Model
AGEL: Replicating Group's Simple yet Transformational Business Model Secure Sites & Connectivity Resource Assessment Construction Readiness Development ~2,00,000 acres ~40 GW potential Geotechnical studies Resource rich sites in strategic locations 85+ Wind data locations and detailed design plannin
Slide 8: Adani & TotalEnergies Renewable Partnership
Adani & TotalEnergies Renewable Partnership Adani and TotalEnergies have a long-term partnership and commitment to expanding the renewable footprint through AGEL – One of the largest energy players in the world with presence across – Amongst Largest infrastructure and real asset platform with deep 1
Slide 9: Adani Green Energy Limited (AGEL): Company Profile
02 Adani Green Energy Limited (AGEL): Company Profile STRICTLY CONFIDENTIAL
Slide 10: AGEL at a glance
AGEL at a glance Adani Family 57.3% 1.3% 19.7% Public 21.7% Shareholders 50% 50% 100 % 100 % 100 % AGE23L 1 Other Operating Locked-in Under Execution Near construction 2,353 MW 5,671 MW 9,677 MW 2,733 MW portfolio: 20,434 MW Large 8,024 MW – Operational 89% Resource and 12 resource-rich states Renew
Slide 11: AGEL: Leading Renewable Energy player in India
AGEL: Leading Renewable Energy player in India Pan India Presence 1 2.5x Locked-in Growth Renewable Capacity (in MW) 20,434 Operational Under exec../ Near Const. Wind Solar 8,024 MW – Operational 2.5x Solar-Wind Hybrid 9,677 MW – Under execution 2,733 MW – Near Construction 2 8,024 130 395 20,434 MW
Slide 12: Adani Green Energy Limited (AGEL): Business Philosophy
04 Adani Green Energy Limited (AGEL): Business Philosophy STRICTLY CONFIDENTIAL
Slide 13: Business Philosophy focusing on De-risking at every stage of project lifecycle
Business Philosophy focusing on De-risking at every stage of project lifecycle DE-RISKING AT EVERY STAGE Site and Evacuation Project Execution − ~40GW of strategic sites with geotechnical, − PMAG - Central team with deep experience resource analysis & design work done − Example: Execution of 648 MW
Slide 14: Construction ready Strategic Sites with high resource potential (40GW)
Construction ready Strategic Sites with high resource potential (40GW) Identified high resource potential sites of ~2,00,000 acres in Rajasthan and Gujarat Rajasthan and Connectivity granted for entire Gujarat Clusters ~2,00,000 Acres Of Land ~2,00,000 acres portfolio. Predominantly Owned By For pla
Slide 15: Case Study: Renewable cluster deployment of up to 15 GW in Rajasthan
Case Study: Renewable cluster deployment of up to 15 GW in Rajasthan Site Development mostly de-risked 2.7 GW Hybrid projects PPA already secured, 2,140 MW already commissioned and 600 MW under execution Stakeholder Good relations established with local Management administration helping smooth execu
Slide 16: Project Management & Assurance Group (PMAG)
Project Management & Assurance Group (PMAG) - End to end project integration Bidding, Project Development & Site Scouting Basic Engineering Execution Operations Concept Integrated Project Management Commissioning Strength: Team of 90 professionals having hands-on experience of above 2,000 man-years
Slide 17: Technology Enabled Operational Excellence
Technology Enabled Operational Excellence – AGEL operating assets currently spread across 12 states. – Cluster based operating model enabling smooth governance and efficient utilization of manpower and spares: Personnel spread across Central office → Cluster teams (15 regional cluster teams) → Site
Slide 18: Replicating Adani Business Model: Capital Management Philosophy
Replicating Adani Business Model: Capital Management Philosophy De-risking of underling SPVs to generate and release surplus cashflows for AGEL De-risking integrated in Capital Mgmt. throughout Project Project Financing Stabilization HoldCo. Financing Post-Stabilization Phase SPV level Phase lifecyc
Slide 19: Adani Green Energy Limited (AGEL): ESG
05 Adani Green Energy Limited (AGEL): ESG STRICTLY CONFIDENTIAL
Slide 20: AGEL: Robust ESG Assurance Framework
AGEL : Robust ESG Assurance Framework Guiding principles India Business & IFC E&S United Nations UN Sustainable Green Bond SBTi Biodiversity Performance Guiding Global Compact Development Goals Principles Policies Initiative (IBBI) Standards principle Disclosure Standards TCFD SASB GRI Standards CDP
Slide 21: AGEL: Update on ESG Program
AGEL: Update on ESG Program Guiding Principles Disclosure Standards ✓ Signatory to United Nations Global Compact (UNGC): Submitted ✓ TCFD: Supports TCFD and the annual ESG Report enumerates Communication on Progress (COP) for FY22 progress on Governance; Strategy; Metrics and Targets and Risk Manage
Slide 22: AGEL: Update on ESG Program
AGEL: Update on ESG Program Key Updates on Environment & Social initiatives – 9M FY23 ➢ Pollution control & GHG emission reduction ➢ Bio-diversity management ✓ 11 Mn ton CO2 emission avoided in 9M FY23 ✓ Signed MoU with Rajasthan Government for a habitat development project for Great Indian Bustard,
Slide 23: AGEL– Adopted UN Sustainable Development Goals
AGEL– Adopted UN Sustainable Development Goals United Nations Sustainable Our Key Social Initiatives mapped to UNSDG Development Goals 2030 Rajasthan, o Provided Hospital beds at Bagalkot, Gulberga and Sindagi, Karnataka and health ATM Health in Sahaswan, Uttar Pradesh 3. Good Health & Well-being Ka
Slide 24: AGEL: ESG – Ratings, Awards and Recognition
AGEL: ESG – Ratings, Awards and Recognition ESG Ratings AGEL’s Rating CSRHub (Consensus ESG Rating) ✓ Ranking of 97 percentile, with consistent ranking above Alternative Energy industry average Sustainalytics ✓ ESG Risk Rating of ‘Low Risk’ with a score of 14.9, significantly better than global Util
Slide 25: Adani Green Energy Limited (AGEL): Investment Case
06 Adani Green Energy Limited (AGEL): Investment Case STRICTLY CONFIDENTIAL
Slide 26: AGEL: Key Investment Highlights
AGEL: Key Investment Highlights – World class project execution with equipment sourced from tier 1 suppliers through strategic alliances Excellent execution – Central monitoring of all project execution by Project Management & Assurance Group track record – Track record of executing projects ahead o
Slide 27: 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 Green Energy Limited (“AGEL”),the future outlook and growth prospects, and fut
Slide 28: Thank You
Thank You
Slide 29: Appendix: Operational & Financial Highlights
Appendix Operational & Financial Highlights
Slide 30: AGEL– Operational Performance
AGEL– Operational Performance Operational Capacity (MW AC) CUF % (AC) Solar Wind Hybrid 7,324 Solar Wind Hybrid 1,440 34.0% 5,410 30.8% 1 26.7% 26.8% 27.1% 647 971 3,470 22.6% 22.5% 23.8% 24.0% 2,545 1 497 397 4,763 4,913 2,973 2,148 FY20 FY21 FY22 9M FY23 FY20 FY21 FY22 9M FY23 Plant Availability V
Slide 31: AGEL– Financial Performance
AGEL– Financial Performance (All figures in INR Crore) Revenue from Power Supply EBITDA from Power Supply 1 3,783 3,695 3,530 3,570 2,419 2,207 2,065 1,859 FY20 FY21 FY22 9M FY23 FY20 FY21 FY22 9M FY23 EBITDA from Power Supply (%) Cash Profit 2 92% 92% 1,854 1,827 89% 91% 1,250 529 FY20 FY21 FY22 9M
Slide 32: Appendix: Asset Level Details
Appendix Asset Level Details
Slide 33: Asset Level Details – Operational
Asset Level Details – Operational Contracted Capacity Capacity Counterparty PPA SPV Project Location Type Tariff COD (AC) (DC) Name Term Tamil Nadu (AGETNL) Solar 216 260 7.01 Mar-16 TANGEDCO 25 Tamil Nadu (RSPL) Solar 72 86 7.01 Feb-16 TANGEDCO 25 AGETNL Tamil Nadu (KREL) Solar 72 86 5.76 Mar-16 TA
Slide 34: Asset Level Details – Operational (Contd.)
Asset Level Details – Operational (Contd.) Contracted Capacity Capacity Counterparty PPA SPV Project Location Type Tariff COD (AC) (DC) Name Term PNCEL Punjab Solar 20 21 8.7 Mar-21 PSPCL 25 PNREL Punjab Solar 10 10.5 8.65 Feb-21 PSPCL 25 KNSSEPL Karnataka Solar 5 6.3 4.36 Oct-21 GESCOM 25 KNIVSEPL
Slide 35: Asset Level Details – Operational (Contd.)
Asset Level Details – Operational (Contd.) Contracted Capacity Capacity Counterparty PPA SPV Project Location Type Tariff COD (AC) (DC) Name Term AGEL – Lahori Madhya Pradesh Wind 12 12 5.92 Mar-16 MPPMCL 25 AWEGPL Gujarat Wind 30 30 4.19 Mar-17 GUVNL 25 AWEGPL Gujarat Wind 18 18 3.46 Mar-17 GUVNL 2
Slide 36: Asset Level Details – Under execution
Asset Level Details – Under execution Contracted Capacity Capacity Counterparty PPA SPV Project Location Type Tariff (AC) (DC) Name Term Various SPVs Rajasthan/ Gujarat Solar+ Mfg 4,667 6,767 2.42 SECI 25 Various SPVs Rajasthan/ Gujarat Solar+ Mfg 1,300 1,885 2.54 SECI 25 AREEL Gujarat Solar 150 225
Slide 37: Asset Level Details – Under execution (Contd.)
Asset Level Details – Under execution (Contd.) Contracted Capacity Planned Capacity Planned Capacity Counterparty PPA SPV Project Location Type Tariff (AC) (AC) (DC) Name Term 600 Solar: 570 Solar: 855 AHEJFL Rajasthan Hybrid 2.41 SECI 25 Wind: 200 Wind: 200 Total Hybrid 600 770 1,055 2.41 9,677 13,
Slide 38: Asset Level Details – Near Construction
Asset Level Details – Near Construction Contracted Capacity Capacity Counterparty PPA SPV Project Location Type Tariff (AC) (DC) Name Term Various SPVs Rajasthan/ Gujarat Solar+ Mfg 2,033 2,948 2.92 SECI 25 Various SPVs Rajasthan Solar 100 142 NA TBD 25 ASEJSPL Rajasthan Solar 600 900 2.5 SECI 25 To
Adani Green Energy — Investor Presentation (March 2023) on 6ix