Adani Enterprises Limited · NSE:ADANIENT
Adani Enterprises — Q1 FY24 Earnings Presentation
46 slides from Adani Enterprises's earnings presentation, Aug 3, 2023
Slide 1: Cover letter to BSE and NSE
3rd August, 2023 BSE Limited National Stock Exchange of India Limited P J Towers, Exchange plaza, Dalal Street, Bandra-Kurla Complex, Mumbai – 400001. Bandra (E), Mumbai – 400051. Scrip Code: 512599 Scrip Code: ADANIENT Dear Sir / Madam, Sub: Submission of Media Release and Investor Presentation on
Slide 2: Media Release – Adani Enterprises Ltd Q1 FY24 Results
Annexure “A” Media Release – Adani Enterprises Ltd Q1 FY24 Results Consolidated EBIDTA increased by 47% to Rs. 2,896 cr Attributable PAT increased by 44% to Rs. 674 cr ANIL – green Hydrogen ecosystem now at over 10% of EBITDA EDITOR’S SYNOPSIS Financial Highlights Q1 FY24 (Consolidated) (YoY Basis):
Slide 3: Operational and Financial Highlights, Business Updates
Operational Highlights (YoY Basis): Business Q1 FY24 ANIL Ecosystem - Modules volume up by 87% to 614 MW AAHL – Airports - Pax movements up by 27% to 21.3 Mn from seven operational airports ARTL – Roads - Construction of 79.8 Lane-KM during the quarter - 3 out of 10 projects are more than 50% comple
Slide 4: Airports and Roads Updates
2. Adani Airports Holdings Ltd (AAHL - Airports) • During the quarter, Adani Airports handled - • 21.3 Mn passengers (Up by 27% YoY) • 141.6 k Air Traffic Movements (Up by 12% YoY) • 2.5 Lacs MT Cargo (Up by 9% YoY) 3. Adani Road Transport Ltd (ARTL – Roads) • Update for under construction projects
Slide 5: About Adani Enterprises Ltd
About Adani Enterprises Ltd Adani Enterprises Limited (AEL) is the flagship company of Adani Group, one of India’s largest business organisations. Over the years, Adani Enterprises has focused on building emerging infrastructure businesses, contributing to nation-building and divesting them into sep
Slide 6: Adani Enterprises Ltd Q1 FY24
Annexure “B” Adani Enterprises Ltd Q1 FY24 Earnings Presentation
Slide 7: Results at glance
AEL : Consolidated Financial Highlights (YoY) ` In Crores Results at glance Total Income EBIDTA 47% PAT* 44% 2896 41066 674 2,593 98% 469 1965 1,244 25810 3,930 52% 629 935 811 15% 38,474 24% 1,651 21,880 1,335 (342) (261) Q1-23 Q1-24 Q1-23 Q1-24 Q1-23 Q1-24 Established Businesses Incubating Busines
Slide 8: Content
Content 01 02 03 Adani Group Company Business Overview Profile Highlights 04 05 06 Operational Financial ESG Highlights Highlights Highlights Appendix
Slide 9: Adani Group Overview
Adani Group Overview 4
Slide 10: 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 (67.7%) (56.3%) (68.3%) (62.9%) (100%) (63.2%) AGEL AESL APSE
Slide 11: 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 4x EBITDA 70% 1,2 EBITDA 92% 1,4 AEL Growth 3x Growth 1.4x APSEZ AGEL EBITDA 91% 1,3,5 ATGL EBITDA 19% 1,3 Ad
Slide 12: 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 AIMSL* Policy -Strategy - Risk Origination Site Development Construction Operation Capital Mgmt Activity • Analysis &
Slide 13: Company Profile
Company Profile 8
Slide 14: AEL: A Successful Incubator
AEL : A Successful Incubator Attractive Incubation Record Green Hydrogen Ecosystem Business Model Strong incubation record Manufacturing eco-system for Airports generating low-cost green hydrogen Development Strong Consumer Centricity Year 2015 > APSEZ, APL & AESL Roads Ingots, cells, modules, wind
Slide 15: AEL: Business Portfolio
AEL : Business 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 Water Copper Mining Specialized Manufact
Slide 16: Business Highlights
Business Highlights 11
Slide 17: AEL: Business Highlights
AEL : Business Highlights ❑ ANIL Ecosystem • Solar Manufacturing – Total capacity at 4.0 GW • Wind Manufacturing –Commercial production to start from Aug-23 • Ingot & Wafer Manufacturing - Financial closure of Rs 900 Cr (IREDA) ❑ Data Center • AdaniConneX Seals the Largest Data Center Financing Deal
Slide 18: AEL - Updates on Incubating Businesses
AEL - Updates on Incubating Businesses Energy & Utility – AdaniConnex Pvt Ltd (ACX - Data Center) Transport & Logistics – Adani Airports Holdings Ltd (AAHL - Airports) Adani Road Transport Ltd (ARTL - Roads) 13
Slide 19: Energy & Utility – ACX (Data Center)
AEL : Energy & Utility – ACX (Data Center) Empowering Digital India with a Platform of Data Center Solutions with Strong Partnership Site Progress Updates Overall Project Construction Location Activities Completed Completion Completion ~74% Phase I (17 MW) Chennai Design & Engineering , Procurement
Slide 20: Transport & Logistics – AAHL (Airports)
AEL : Transport & Logistics – AAHL (Airports) Portfolio of 8 Airports - Serving ~ 23% of total passenger base Updates Navi Mumbai Airport* – Physical progress ~ 39% Pax movements (in Mn) ATMs (‘000) Jaipur Lucknow 4.8 Mn 5.2 Mn Guwahati 5.1 Mn 21.3 126.3 141.6 16.8 Ahmedabad 10.1 Mn Q1-23 Q1-24 Q1-2
Slide 21: Transport & Logistics – ARTL (Roads)
AEL : Transport & Logistics – ARTL (Roads) Portfolio of 14 projects Project Completion Status in 10 projects for 5000+ Lane Kms NPRPL 48% 58% Operational Construction in progress KKRPL 49% 56% VBPPL 44% HAM 55% BKRPL 31% BHRPL 39% 151.700 kms UPRPL HURPL 156.800 kms AVRPL 30% 155.700 kms 35% PRSTPL
Slide 22: AEL - Updates on Established Businesses
AEL - Updates on Established Businesses Energy & Utility – Adani New Industries Ltd (ANIL) Ecosystem Primary Industries – Mining Services & IRM 17
Slide 23: Energy & Utility – ANIL: Integrated Manufacturing - Solar
AEL : Energy & Utility – Adani New Industries Ltd (ANIL) Integrated Manufacturing - Solar Plant Capacity Status MSPVL ▪ Module line operational 2.0 GW (Existing Plant) ▪ TopCon Cell line COD expected by Q3-23 MSEL ▪ Module & Cell line operational 2.0 GW (New Plant) ▪ Domestic & Export Sale started M
Slide 24: Energy & Utility – ANIL: Integrated Manufacturing - Wind
AEL : Energy & Utility – Adani New Industries Ltd (ANIL) Integrated Manufacturing - Wind Plant Capacity Certification MWL ▪ ISO 9001:2015 (Nacelle Plant) 5.2 MW (Wind Turbine Generator) ▪ IECRE-IEC (for global WTG supply) • Working Prototype 1 using LM Wind Power blades • Provisional Certificate rec
Slide 25: Primary Industries
AEL : Primary Industries Mining Services Operational Service Contracts Mining Services Mining Service Customer/ Delivery • 8 Nos. Mining service contracts in 3 states Contract Owner as per Schedule • 2 Nos. Iron Ore mine service contracts in 2 states • 5 Nos. Mines are operational including 1 Iron o
Slide 26: Operational Highlights
Operational Highlights 21
Slide 27: AEL: Operational Highlights
AEL : Operational Highlights Business Established Incubating % Volume % Particulars Q1-23 Q1-24 Q1-23 Q1-24 Change in MW Change Pax movement ANIL Module Sales 328 614 87% (Mn) 16.8 21.3 26.8% Ecosystem Airports ATM (‘000) 126.0 141.6 12.3% Volume % Q1-23 Q1-24 in MMT Change Cargo (Lacs MT) 2.3 2.5 8
Slide 28: AEL - Financial Highlights
AEL - Financial Highlights 23
Slide 29: AEL: Consolidated Financials Highlights – Q1 FY24
Corresponding Quarter AEL : Consolidated Financials Highlights – Q1 FY24 ` In Crores Income EBIDTA 47% PAT* 44% 218% ✓ Decreased due to reduction in IRM volume & ✓ Increase on account of robust performance ✓ Increased on account of higher EBIDTA in correction in coal prices by ANIL Ecosystem and Roa
Slide 30: AEL: Segment-wise Financials – Q1 FY24
Corresponding Quarter AEL : Segment-wise Financials – Q1 FY24 ` In Crores Established Businesses Incubating Businesses ANIL Ecosystem Primary Industries Primary Industries Transport & Logistics Mining services IRM Airports 1898 677 608 1711 31664 1267 Revenue 15042 615 Q1-23 Q1-24 Q1-23 Q1-24 Q1-23
Slide 31: ESG Highlights
ESG Highlights 26
Slide 32: AEL: ESG – Ratings, Awards and Recognition
AEL : ESG – Ratings, Awards and Recognition ESG Ratings AEL’s Rating CSRHub (Consensus ESG Ranking of 59 percentile, with consistent ranking above the industry average Rating) Sustainalytics ESG Risk Rating score of 39 DJSI-S&P Global Corporate Scored 46/ 100 significantly better than average indust
Slide 33: AEL: ESG Performance Highlights
AEL : ESG Performance Highlights Energy , Emissions and Climate Change 26%↓* 55% ↓* 28% ↓* Reduction in Energy Reduction in Operational Reduction in Water Intensity Emissions# Intensity Cumulative – 10.3 Lakhs ~44% 5% ↓* (FY’23) Plantation - 2.2 Lakhs Reduction in Energy Intensity Energy consumption
Slide 34: Thank You
Thank You 29
Slide 35: Appendix
Appendix 30
Slide 36: Transport & Logistics – AAHL (Airports) Operational Details
AEL : Transport & Logistics – AAHL (Airports) Operational Details Passengers (In Mn) ATM (In ‘000) Cargo (In Lacs MT) Airports Q1-24 Q1-23 Q1-24 Q1-23 Q1-24 Q1-23 Ahmedabad 2.9 2.1 21.1 17.0 0.3 0.2 Lucknow 1.6 1.2 11.0 9.0 0.0 0.0 Mangaluru 0.5 0.5 3.3 4.0 0.0 0.0 Mumbai 12.5 9.8 77.1 68.0 2.0 1.9
Slide 37: Transport & Logistics – ARTL (Roads)
AEL : Transport & Logistics – ARTL (Roads) Length Financial Concession Period (in Yrs) Project Model Project SPV / Location Project Status (KMs) Closure (Const. + O&M) Bilaspur Pathrapali Road Pvt Ltd (BPRPL) / 53.3 Secured Operational 2 + 15 Chhattisgarh Suryapet Khammam Road Pvt Ltd (SKRPL) / 58.6
Slide 38: Transport & Logistics – ARTL (Roads)
AEL : Transport & Logistics – ARTL (Roads) Project Length Concession Period (in Yrs) Project SPV / Location Financial Closure Project Status Model (KMs) (Const. + O&M) 21 BCPs Operation; Maharashtra Border Check Post Network Ltd 2 COD Achieved 24 BCPs Secured 1.5 + 23 (MBCPNL) / Maharashtra Ganga Ex
Slide 39: Primary Industries – Mining Services
AEL : Primary Industries – Mining Services Type of Project Mine Capacity State Customer (Owner) SPV Name Parsa East Kente Basen 15.0 MMT Chhattisgarh RRVUNL Parsa Kente Collieries Ltd Gare Pelma III 5.0 MMT Chhattisgarh CSPGCL Gare Pelma III Collieries Pvt. Ltd Talabira II & III 20.0 MMT Odisha NLCI
Slide 40: Primary Industries – Mining Services Operational Details
AEL : Primary Industries – Mining Services Operational Details Q1-23 Q1-24 Mine State Customer (Owner) In MMT In MMT Parsa East Kente Basen Chhattisgarh RRVUNL 3.9 2.7 Gare Pelma III Chhattisgarh CSPGCL 0.9 0.5 Talabira II & III Odisha NLCIL 2.5 2.1 APMDC Suliyari Madhya Pradesh 0.2 0.9 Kurmitar Odi
Slide 41: Primary Industries – Commercial Mining
AEL : Primary Industries – Commercial Mining Type of Project Mine Capacity State Customer (Owner) SPV Name Gondulpura 4.0 MMT Jharkhand AEL Adani Enterprises Ltd Dhirauli 6.5 MMT Madhya Pradesh SMRPL Stratatech Mineral Resources Pvt Ltd Commercial Mining Contracts Bijahan 5.3 MMT Odisha MMMPL Mahana
Slide 42: ESG Framework
ESG Framework 37
Slide 43: ESG backed by Assurance
AEL : ESG backed by Assurance Our Key ESG Commitments • No net loss to biodiversity and 100% alignment with IBBI • Creating shared value for communities through • Becoming a net water positive company integrated and sustainable development Policies Guiding • Become a signatory to UN Global Compact •
Slide 44: Adopted UN Sustainable Development Goals
AEL : Adopted UN Sustainable Development 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 needy. 2
Slide 45: Strong Governance Framework
AEL : Strong Governance Framework Key Governance Areas Key Highlights ✓ More than 50% Independent Directors ESG Governance Structure Board Independence & Diversity ✓ 12.5% Women Directors Board of Directors ✓ Corporate Responsibility Committee in place with 100% Independent Corporate Directors to pr
Slide 46: 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