Adani Energy Solutions Ltd · NSE:ADANIENSOL
Adani Energy Solutions — Adani Transmission — Q3 FY21 Earnings Presentation
31 slides from Adani Energy Solutions's earnings presentation, January 2021
Slide 1: Provisional Operational Update Q3FY21
Adani Transmission Limited Provisional Operational Update Q3FY21 January 2021
Slide 2: Contents
CONTENTS 04 Executive Summary 04 06-09 Q3FY21 YoY Performance 06 11-14 9MFY21 YoY Performance 11 16-17 Global Peer Benchmarking 16 19-22 Q3FY21 QoQ Performance 19 Line Availability Across Assets 24-26 Groups – Obligor and USPP 24 28-29 Asset Portfolio 28
Slide 3: Executive Summary – Q3FY21
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Executive Summary – Q3FY21 14
Slide 4: Executive Summary - Q3FY21 Operational Performance
ATL: Executive Summary - Q3FY21 Operational Performance • Transmission Business: – System availability: Transmission Lines are operating at greater than 99.83% availabilities – Network addition: ATL added 650 ckt kms to its network in this quarter reaching at 15,487 ckt kms – Under-construction proj
Slide 5: Q3FY21 YoY Performance
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Q3FY21 YoY Performance 14
Slide 6: Transmission Utility – Key Operating Metrics
ATL: Transmission Utility – Key Operating Metrics Average System availability(1) (%) Transmission Network length(2) (ckt kms) Target: Maintain Target: 20,000 ckt 99.9% reliability kms by 2022 99.83% 15,487 99.59% 14,738 ATL maintained Construction in full- more than 99% swing for under- availability
Slide 7: Integrated Distribution Utility (AEML) – Key Operating Metrics
ATL: Integrated Distribution Utility (AEML) – Key Operating Metrics Supply Reliability (ASAI) (%) SAIDI (mins), SAIFI (nos.) and CAIDI (mins)(1) Target: Maintain Consistently Improve 99.9% reliability SAIFI SAIDI CAIDI efficiency factors 33.49 99.992% 99.992% 30.69 Maintained more Outage Time than 9
Slide 8: Integrated Distribution Utility (AEML) – Key Operating Metrics
ATL: Integrated Distribution Utility (AEML) – Key Operating Metrics Consumer base (million) Distribution Loss (%) E-payment (% of total collection) E-payment mode is Consistently grow Target of continuously growing <=7.3% consumer base 8.69% 63.46% E-payments 3.06 3.05 Distribution 48.81% have grown
Slide 9: Integrated Distribution Utility (AEML) - Consumer Mix
ATL: Integrated Distribution Utility (AEML) - Consumer Mix Consumer-wise volume mix Consumer-wise revenue mix 11% 12% Q3FY21 Q3FY21 9% 10% Higher residential 44% Q3FY20 mix due to shift in Q3FY20 49% 51% 55% demand 34% 40% 46% 39% Residential Commercial Industrial Residential Commercial Industrial T
Slide 10: 9MFY21 YoY Performance
9MFY21 YoY Performance
Slide 11: Transmission Utility – Key Operating Metrics
ATL: Transmission Utility – Key Operating Metrics Average System availability(1) (%) Transmission Network length(2) (ckt kms) Target: Maintain Target: 20,000 ckt 99.9% reliability kms by 2022 99.87% 15,487 99.73% 14,738 ATL maintained Construction in full- higher availability swing for under- constr
Slide 12: Integrated Distribution Utility (AEML) – Key Operating Metrics
ATL: Integrated Distribution Utility (AEML) – Key Operating Metrics Supply Reliability (ASAI) (%) SAIDI (mins), SAIFI (nos.) and CAIDI (mins)(1) Target: Maintain SAIDI SAIFI CAIDI Consistently Improve 99.9% reliability efficiency factors 99.994% 99.992% 32.30 31.03 32.09 24.48 Outage Time Supply rel
Slide 13: Integrated Distribution Utility (AEML) – Key Operating Metrics
ATL: Integrated Distribution Utility (AEML) – Key Operating Metrics Consumer base (million) Distribution Loss (%) E-payment (% of total collection) Consistently grow Target of E-payment mode is consumer base <=7.3% continuously growing 7.79% 7.89% 3.06 3.05 69.53% E-payments Distribution have grown
Slide 14: Integrated Distribution Utility (AEML) - Consumer Mix
ATL: Integrated Distribution Utility (AEML) - Consumer Mix Consumer-wise volume mix Consumer-wise revenue mix 11% 11% 9MFY21 9MFY21 9% 10% Higher residential 45% 27% 9MFY20 mix due to shift in 9MFY20 51% demand 33% 40% 56% 45% 62% Residential Commercial Industrial Residential Commercial Industrial T
Slide 15: Global Peer Benchmarking
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Global Peer Benchmarking (Jan-June’20) 14
Slide 16: Transmission System Financial and Operational Parameters – Peer Benchmarking
ATL: Transmission System Financial and Operational Parameters – Peer Benchmarking Peer Benchmarking on O&M, Employee expenses and EBITDA (INR Million per circuit km) 2.00 O&M and employee cost per 1.80 ckt km lower the better and 1.80 EBITDA higher the better 1.60 1.40 1.15 1.19 1.20 1.06 Lowest O&M
Slide 17: Transmission System Financial and Operational Parameters – Peer Benchmarking
ATL: Transmission System Financial and Operational Parameters – Peer Benchmarking Peer Benchmarking on Revenue and EBITDA (INR billion) 140 100% 92% 90% 120 118 74% 80% 80% 77% 78% 74% 100 70% 87 80 80 60% 80 50% 61 63 60 40% 40 30% 22 14 20% 20 17 16 13 12 10% 0 0% Peer 1 Peer 2 Peer 3 Peer 4 Peer
Slide 18: Annexure – Q3FY21 QoQ Performance
Adani Transmission Limited Debt Presentation | February 2 0 2 0 Transmission Annexure – Q3FY21 QoQ Performance 22
Slide 19: Transmission Utility – Key Operating Metrics
ATL: Transmission Utility – Key Operating Metrics Average System availability(1) (%) Transmission Network length(2) (ckt kms) Target: Maintain Target: 20,000 ckt 99.9% reliability kms by 2022 99.90% 15,487 14,837 99.83% Construction in full- ATL maintained swing for under- more than 99% construction
Slide 20: Integrated Distribution Utility (AEML) – Key Operating Metrics
ATL: Integrated Distribution Utility (AEML) – Key Operating Metrics Supply Reliability (ASAI) (%) SAIDI (mins), SAIFI (nos.) and CAIDI (mins)(1) Target: Maintain 99.9% reliability SAIFI SAIDI CAIDI Consistently improve efficiency factors 99.992% 99.997% 33.49 Outage Time AEML maintained 26.99 and Ou
Slide 21: Integrated Distribution Utility (AEML) – Key Operating Metrics
ATL: Integrated Distribution Utility (AEML) – Key Operating Metrics Consumer base (million) Distribution Loss (%) E-payment (% of total collection) % Consistently grow E-payment mode is Target of continuously growing consumer base <=7.3% 68.53% Increase in Distribution E-payments 3.06 3.05 63.46% cu
Slide 22: Integrated Distribution Utility (AEML) - Consumer Mix
ATL: Integrated Distribution Utility (AEML) - Consumer Mix Consumer-wise volume mix Consumer-wise revenue mix 11% 12% Q3FY21 Q3FY21 12% 10% Q2FY21 Improvement in Q2FY21 49% 27% 32% Commercial and 34% 55% 58% 61% Industrial volume in overall mix 39% Residential Commercial Industrial Residential Comme
Slide 23: Transmission Line Availability – Obligor and USPP Assets Groups
Transmission Line Availability– Obligor and USPP Assets Groups
Slide 24: Q3FY21 vs. Q3FY20 – Line availability across asset groups
ATL: Q3FY21 vs. Q3FY20 – 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 Incentive 99.82% 99.47% 0.39% 1.14% 1.15% 1.95% 1.55% 98.5% 98.5% 99.0%
Slide 25: 9MFY21 vs. 9MFY20 – Line availability across asset groups
ATL: 9MFY21 vs. 9MFY20 – 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 Incentive 99.84% 99.69% 1.21% 1.15% 0.62% 1.63% 2.03% 98.5% 98.5% 99.0% 9
Slide 26: Q3FY21 vs. Q2FY21 – Line availability across asset groups
ATL: Q3FY21 vs. Q2FY21 – 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 Incentive 99.82% 99.87% 1.14% 1.27% 1.95% 1.57% 97.5% 97.5% 98.5% 98.5%
Slide 27: 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 28: ATL’s Evolution and Operational Asset Portfolio
ATL’s Evolution and Operational Asset Portfolio ATL’s Transmission Network (ckt km) has grown 2.8x Adani Transmission Limited and Distribution business being acquired in FY19 ATL’s “Grid-to-Switch” Integrated Platform 100% 100% 75% 100% 100% 100% 100% 100% 100% 100% 100% 100% ATSCL & WTGL, PPP ATIL
Slide 29: Locked-in Growth from Under-construction Asset Portfolio
ATL: Locked-in Growth from Under-construction Asset Portfolio Adani Transmission Limited 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Ghatam- Obra-C WRSS – Bikaner - Lakadia Kharghar NKTL Jam Kham- FBTL Banas- HVDC# pur Badaun XXI (A) Khetri baliya - Vikhroli kantha North Fategarh Ghatampu
Slide 30: 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 31: Thank You
adani Transmission adani Transmission Thank You “¢