Adani Enterprises Limited · NSE:ADANIENT
Adani Enterprises — Investor Presentation (November 2022)
70 slides from Adani Enterprises's investor presentation, November 2022
Slide 1: Adani Enterprises Limited (AEL) Investor Presentation
Adani Enterprises Limited (AEL) Investor Presentation November 2022 1
Slide 2: Contents
CONTENTS 1 Adani Portfolio Overview 2 About AEL Energy & Utility 3 Adani New Industries 4 AdaniConneX (Data Centre) Transport & Logistics 5 Adani Airport Holdings 6 Adani Roads Transport Consumer Business 7 Adani Wilmar 8 Adani Digital Labs Primary Industry 9 Materials, Metals & Mining Mining Servic
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 ~USD 240 bn1 Combined Market Cap Flagship Infrastructure & Utility Core Portfolio Primary Industry Emerging B2C Materials, Metal & Incubator Energy & Utility Transport & Logistics Direct to consumer Mining (72.6%) (60.5%) (73.9%) (66.0%) (100%)
Slide 5: Adani Portfolio: Decades long track record of industry best growth rates
Adani Portfolio: Decades long track record of industry best growth rates across sectors Secular growth with world leading efficiency National footprint with deep coverage Growth 3x Growth 5x Core Portfolio EBITDA 70% 1,2 EBITDA 92% 1,4 Utility 92% Transport 85% Consumers ~400 mn Served AEL Growth 3x
Slide 6: Adani Portfolio: Repeatable, robust & proven transformative model of investment
Adani Portfolio: Repeatable, robust & proven transformative model of investment Phase Development Operations Post Operations Origination Site Development Construction Operation Capital Mgmt Activity • Analysis & market • Site acquisition • Engineering & design • Life cycle O&M • Redesigning capital
Slide 7: AEL: A Successful Incubator
AEL: A Successful Incubator Attractive Incubation Record New Segment Identification Green Hydrogen Ecosystem Attractive incubation portfolio with Identification & entry into new Develop manufacturing eco-system each business positioned as next segments in line with the group’s (ingots, cells modules
Slide 8: About Adani Enterprises Limited
02 About Adani Enterprises Limited STRICTLY CONFIDENTIAL
Slide 9: AEL: Adani Portfolio's Incubator arm
AEL: Adani Portfolio’s Incubator arm AEL has a demonstrated track record of creating high quality sustainable infrastructure businesses since 1994 As on date In 20 years from IPO After 2015 Demerger In 10 years from IPO IPO in Nov 1994 AEL - 80 shares Adani Enterprises Adani Enterprises AEL - 80 sha
Slide 10: AEL: Incubation Success Stories: Creating Decacorns
AEL: Incubation Success Stories: Creating Decacorns Market Cap EBIDTA Company Overview (USD bn)1 (CAGR )2 − Ranked as ‘Largest Solar Power Developer in the World’ by Mercom Capital in August 2020 − India’s largest renewable company with locked-in portfolio of 20,280 MW. Estimated EBITDA of locked-in
Slide 11: AEL: Current Incubation Portfolio
AEL: Current Incubation Portfolio AEL Portfolio Transport & Consumer Energy & Utility Primary Industry Logistics businesses New Industries (End to end Green H2 Airports Food FMCG1 Mining Industrials chain) Data Center Roads Digital Mining Services PVC & IRM Commercial Copper, Water Mining Aluminum S
Slide 12: AEL: Growth Profile of Incubating Businesses
AEL: Growth Profile of Incubating Businesses Business Current Scale Growth Overview − Decarbonization of industrial and mobility through green hydrogen New Industries Manufacturing Investment of USD − 6 GW manufacturing ecosystem of cell module line underway, 3 GW (Adani New Industries capacity of 4
Slide 13: AEL: Early-Stage incubating businesses
AEL: Early-Stage incubating businesses − 500 KTPA plant capacity in Mundra SEZ with flexibility to expand to 1,000 KTPA − Gold (25 TPA), Silver (250 TPA), Sulphuric Acid (1,500 KTPA), Phosphoric Acid (250 KTPA) Copper − Major approvals in place, Technical partnership agreements already executed to e
Slide 14: Adani New Industries Limited
03 Adani New Industries Limited (Green Hydrogen business of Adani Enterprises) STRICTLY CONFIDENTIAL
Slide 15: ANIL: Emulating Adani's Business Philosophy
ANIL: Emulating Adani’s Business Philosophy Large Integrated Platform De-risking Capex Strategic Location Platform uniquely positioned to offer Mundra SEZ – Integrated Green H2 Next generation technologies to stay Hub scale and high efficiencies Development ahead of the curve Integrated platform ->
Slide 16: ANIL: Green Hydrogen – Massive potential to decarbonize industries
ANIL: Green Hydrogen – Massive potential to decarbonize industries End Use Sectors Green Hydrogen Market (MMT) Key Drivers 1.85 − Green H2 consumption by existing refining capacity in line with Refinery Demand 0.78 expected policy from GoI (National Hydrogen Energy mission) 0.13 − New Refinery proje
Slide 17: ANIL: Business Segments
ANIL: Business Segments Adani New Industries − Manufacturing, H2 generation and Limited downstream products will result in a fully integrated green hydrogen ecosystem − Develop Mundra SEZ as Hydrogen Supply Chain Products consumption hub and Khavda as Green Hydrogen Generation Downstream Products Hy
Slide 18: ANIL: Business Philosophy
ANIL: Business Philosophy Solar − Full backward integration starting from silicon till modules Key Considerations Modules − Focus on high efficiency future technologies – TOPCon and HJT − ANIL and AGEL will be the largest consumer of RE manufacturing − Manufacturing Turbine, Nacelle & Rotor Blades e
Slide 19: ANIL: Khavda – An ideal hub for Renewable + Green Hydrogen Generation
ANIL: Khavda – An ideal hub for Renewable + Green Hydrogen Generation Green Hydrogen Generation at Khavda − 80% of the total cost to produce hydrogen is power cost − Low cost renewable power key ingredient for green hydrogen generation − Khavda site (~71,000 acres) in Gujarat with large scale renewa
Slide 20: ANIL: Mundra SEZ – the largest integrated Green Hydrogen Hub
ANIL: Mundra SEZ – the largest integrated Green Hydrogen Hub in the world Full suite of Hydrogen … For multiple end uses including substantial captive … And backed by credible offerings … use in Adani Portfolio businesses … action on ground 1 5 RE capacity directly 48 GW Green Fertilizers Steel, Pet
Slide 21: ANIL: Current Status
ANIL: Current Status Solar New 2.0 GW Capacity Plant − Module line COD is July-22 − Cell line and comprehensive project expected COD by end SOLAR of this fiscal year − Order Book at 1.5 GW Upgradation of Existing 1.5 GW Plant to 2.0 GW − Being Upgraded with TopCon Cell Technology − Expected COD by J
Slide 22: AdaniConneX
04 AdaniConneX (Data Centre – 50:50 JV of Adani & Edge connex) STRICTLY CONFIDENTIAL
Slide 23: AdaniConneX: Strategic Overview
AdaniConneX: Strategic Overview Hyperlocal to Hyperscale Proximate Locales In-house Project Group Real Estate identified Experienced Project Team Capacity of 1 GW Data centres Development Land location identified in optimal Dedicated team with years of Presence across spectrum from < 2 locations nea
Slide 24: AdaniConneX: JV Philosophy
AdaniConneX: JV Philosophy Combining the assets and expertise of two of the world’s leading infrastructure providers to deliver new digital infrastructure solutions and premium technology services to the Indian market Largest Private A Large, Global, Private Infrastructure and Energy Data Center Ope
Slide 25: AdaniConneX: Experience & Proven Capabilities
AdaniConneX: Experience & Proven Capabilities Renewable Power Hyperscale Campuses: 20+MWs Powered with Green energy & Large data center campuses in key Indian offering carbon neutral solutions markets that can support major Cloud requirements Resilient Fiber Connectivity Edge Data Centers: 2-20MWs D
Slide 26: AdaniConneX: Data Center Markets
AdaniConneX: Data Center Markets Empowering Digital India with a Platform of Hyperscale to Hyperlocal Data Center Solutions Hyperscale Hyperlocal Focused on developing and operating new data Will develop strategically-placed Edge Data Centers and Far Edge centers in multiple markets inside India fac
Slide 27: AdaniConneX: Project Updates
AdaniConneX: Project Updates Site Progress Updates Data Center Updates Chennai • First 17 MW Data Center commissioned • ~ 22% of Overall Project Completed; Pre-Construction Noida Noida activities completed; Sub-structure is in progress • 14% of Overall Project Completed; Pre-Construction Hyderabad a
Slide 28: Adani Airport Holdings Limited
05 Adani Airport Holdings Limited (Transport & logistics business of Adani Enterprises)
Slide 29: AAHL: Key Highlights
AAHL: Key Highlights Large Scale Platform De-risking Capex Strategic Locations 8 Airports Operating Airports: De-risked 8 City center airports 23% of Indian Air Traffic maintenance capex → RAB hardening Development Control over 50% of 200+ Mn1 consumer base NMIAL de-risked execution top 10 domestic
Slide 30: AAHL: Integrated Airport Network
AAHL: Integrated Airport Network Diversified Portfolio of Scale Integrated Airport Network Regional Airports Operational International Gateway AAHL Greenfield Guwahati Mumbai 2 Ahmedabad1 Lucknow1 Mangaluru1 Jaipur Lucknow 5.4 Mn 5.0 Mn 5.4 Mn Navi Mumbai Jaipur Guwahati Trivandrum Ahmedabad 11.4 Mn
Slide 31: AAHL: Large Platform in fastest growing aviation market
AAHL: Large Platform in fastest growing aviation market Key Highlights Passengers India – Fastest growing aviation market over past decade with strong indicators of future growth 60 Mn – Domestic 80 Mn1 20 Mn – International AAHL Integrated Airport Network, comprising seven brownfield & one greenfie
Slide 32: AAHL: Diversified Revenue Streams
AAHL: Diversified Revenue Streams 1 Aero Revenue 2 Non-Aero Revenue 3 CSD Revenue Regulated Revenue Passengers Non-Passengers Unregulated Revenue Unregulated Revenue Integrated Real estate development RAB Planning Route Development strategy Terminal Development Ground Handling Fuel Farm Multimodal c
Slide 33: AAHL: Aero Strategy
AAHL: Aero Strategy Focussed on route development and stakeholder management to sweat airport assets to the fullest Passenger Profile1 Airline Profile2 Domestic Routes 49% Domestic Routes 5% International Routes International Routes 3% 3% 2% 2% 19% 18% 2% 2% 2% 2% 2% 5% 4% 3% 1% 1% BOM-DEL BLR-DEL B
Slide 34: AAHL: Non-Aero Revenue Streams with massive potential to grow
AAHL: Non-Aero Revenue Streams with massive potential to grow Non-Aero spend per pax lower amongst Non-Aero Revenue Streams Key Highlights other airports globally FY20 % CAGR Non-Aero Revenue per passenger (USD) (1) In INR mn − F&B, Advertisement, Retail, Rentals, Revenue (FY16-21) Duty Free, have b
Slide 35: AAHL: Diversified Revenue Streams: Cargo Revenue
AAHL: Diversified Revenue Streams: Cargo Revenue Air Cargo Sector in India AAHL Cargo handling Infrastructure − 5 cargo terminals with total capacity of 1.45 MMT p.a. covering pharma, agro, India has a low air cargo Mumbai courier, e-commerce, IT, textile India 3.56 penetration as compared to − Larg
Slide 36: AAHL: Diversified Revenue Streams: Airport City Side Development
AAHL: Diversified Revenue Streams: Airport City Side Development Key components of AAHL City Side Development Concept of Aerotropolis and its spatial integration with city/region − Hotel developments − Cultural Centers, Museums − Conference/convention centers − Mixed-use developments (shop, work, pl
Slide 37: Adani Roads Transport Limited
06 Adani Roads Transport Limited (Transport & logistics business of Adani Enterprises) STRICTLY CONFIDENTIAL
Slide 38: ARTL: Key Highlights
ARTL: Key Highlights Large Portfolio De-risking Capex Diverse Asset Mix De-risked development stage through 14 Projects with length of 5,000+ lane Target 12,000 lane km by 2026 Development extensive site studies & km Long term asset mix: 60% traffic & comprehensive traffic diligence Strong pipeline
Slide 39: ARTL: Business Philosophy centered on De-risking across project lifecycle
ARTL: Business Philosophy centered on De-risking across project lifecycle Development Construction Operations Origination Site Development Project Execution Contractor relationships Operations Capital mgmt. − Comprehensive due- Development works − Team of 250 employees − Contractors/vendors as − Tec
Slide 40: ARTL: Technology driven, lean & Efficient O&M Setup
ARTL: Technology driven, lean & Efficient O&M Setup Technology driven Maintenance Regime − Site level Data Capture − Predictive Analytics − Timely Preventive & Corrective Maintenance − Benchmarking with Global Standards Real Time Operations & ESG Compliant Monitoring & Control − Real Time Inputs fro
Slide 41: ARTL: Existing Portfolio
ARTL: Existing Portfolio Portfolio of 14 projects with road length of 5,000+ lane km Project Name Lane km Counterparty Completion Status Operational HAM (Annuity assets) Construction in progress Under Development BPRPL 213 NHAI PCOD Received SKRPL 235 NHAI PCOD Received MRRPL 168 NHAI 81% VBPPL 107
Slide 42: Adani Wilmar Limited
07 Adani Wilmar Limited (FMCG business - 50:50 JV of Adani & Wilmar) STRICTLY CONFIDENTIAL
Slide 43: AWL: Key Business Categories
AWL: Key Business Categories Industry essentials 20% Institutio nal… Food & Edible Branded FMCG… Oils… 70% FY22 Sales volume: 4.8mm MT FY22 Sales volume: 3.9mm MT (ex-Industry essentials) EDIBLE OIL FOOD & FMCG INDUSTRY ESSENTIALS Others Mustard 6% Soya Su… 7% Nuggets and VAP… Castor Sunflower Soya
Slide 44: AWL: Manufacturing Footprint
AWL: Manufacturing Footprint Number of Manufacturing Units: 23 30 Own Units 2 Toll Units 4 2 2 2 2 2 2 2 3 2 2 2 2 2 Capacities (Tonnes per day / TPD) 2 ~16,500 TPD ~3,200 TPD 2 Edible Oil Food & FMCG Own Units: Toll Units: Integrated business model with well-established and strong manufacturing cap
Slide 45: AWL: Distribution Reach
AWL: Distribution Reach Central North 1 Retail Access Household Reach Sales Network No of Distributors 890 No of Distributors 635 Number of Depots 12 Number of Depots 15 North 2 No of Distributors 1,270 Number of Depots 18 ~5,000+ Salesmen 1.8 Million+ 90 Million+ ~4800+ delivery vehicles Outlet rea
Slide 46: AWL: Market Share FY22 Leadership across categories
AWL: Market Share FY22 Leadership across categories Edible Oil Wheat Flour Basmati Rice #1 #2 #3 18.80% 4.70% 6.49% 18.00% 3.50% 6.10% FY21 FY22 FY21 FY22 FY21 FY22 ▪ No.1 Edible Oil player in ▪ No.2 player in India ▪ No.3 player in India India ▪ Leveraging edible oil ▪ Potential market share gain ▪
Slide 47: Adani Digital Labs
08 Adani Digital Labs STRICTLY CONFIDENTIAL
Slide 48: Adani Digital Labs: Digital Incubator within Adani Enterprises
Adani Digital Labs: Digital Incubator within Adani Enterprises Digital Platform Key Group Adjacencies Captive Opportunity AAHL – 23% of Indian Air Traffic Adani Portfolio’s B2C businesses Platform where technology and digital Adani Wilmar – 35% of retail shop Service 400 mn consumers Scale businesse
Slide 49: Adani Digital Labs: Overview
Adani Digital Labs: Overview Adani Super App – Integrated Digital Platform to access Adani Key Highlights & partner services − Adani’s B2C business expected to cover 450-500 mn consumers by 2025 Adani B2C Businesses − Focus on data analytics & catering to consumer Customer preferences acquisition −
Slide 50: Adani Digital Labs: Adani Super App as one stop interface with consumers
Adani Digital Labs: Adani Super App as one stop interface with consumers Digital strategy aimed at achieving a truly seamless consumer experience Platform system partners Airline Ticketing Targeted Sampling Target leisure travelers who book tickets Partner with brands to connect with online for flig
Slide 51: Adani Digital Labs: SEO, Social Media & Digital Marketing
Adani Digital Labs: SEO, Social Media & Digital Marketing Adani Airports Adani Fortune Online Key deliveries for Adani businesses #OneNationBillionCelebrations (ONBC) #NayeBharatKiNayiDelivery − Successfully took over digital channels of 14 businesses across the Adani Portfolio − Digital imprint: Re
Slide 52: Primary Industry
09 Primary Industry (Materials, Metal & Mining business of Adani Enterprises) STRICTLY CONFIDENTIAL
Slide 53: Mining Services & Integrated Resources Management (IRM)
9a Mining Services & Integrated Resources Management (IRM) STRICTLY CONFIDENTIAL
Slide 54: Mining Services: Providing full resource logistics and management services
Mining Services: Providing full resource logistics and management services Scale with growth potential Diversified Portfolio Embedded ESG Framework 104 MMT capacity First company in India to deploy tree Development Presence in 70% of Mineral belt transplanter in mining. 21.6 lakh trees 51 MMT operat
Slide 55: Mining Services: Existing Portfolio
Mining Services: Existing Portfolio Point of Presence covers 70% of mineral belt Mine Developer and Operator (MDO) Area of Operations Peak Concession Status Block Name Capacity Tenure till (MMT) Parsa East and Kanta Basan Coal 15.0 May 2042 Block Operational Mines Talabira II & III Coal Block 20.0 F
Slide 56: Integrated Resources Management (IRM): Global Footprint
Integrated Resources Management (IRM): Global Footprint Multi-Country Multi modal Customer Account Financing Procurement Logistics Management Client Segments Highlights − Integrated presence in complete supply chain SOE Private Adani Overseas provides sustainable Yamunagar clients clients Power Ltd.
Slide 57: Primary Industry - Commercial Mining
9b Primary Industry - Commercial Mining STRICTLY CONFIDENTIAL
Slide 58: Commercial Mining Portfolio Overview
Commercial Mining Portfolio Overview Carmichael coal mine project: Operational mine project with low cost of production and availability of high quality coal − Mine is operational and hence no development risk Operational mine − On course to achieve steady state production level of 10 MMTPA; H1FY23
Slide 59: Materials & Metals Businesses
9c Materials & Metals Businesses STRICTLY CONFIDENTIAL
Slide 60: Copper: Replicating Group's Simple yet Transformational Business Model
Copper: Replicating Group's Simple yet Transformational Business Model Land Acquisition Approvals Strategic Location Land already in Possession Major approvals in place Significant Location Advantage Development (Long Term Lease from APSEZ) (EC Aug-21, CTE Sep-21) APSEZ || logistics, water, utilitie
Slide 61: Kutch Copper Limited (KCL): A snapshot
Kutch Copper Limited (KCL): A snapshot ▪ 500 KTPA (Kilo Tons Per Annum) – With flexibility to expand to 1,000 KTPA Plant Capacity ▪ Gold (25 TPA), Silver (250 TPA), Sulphuric Acid (1,500 KTPA), Phosphoric Acid (250 KTPA) ▪ Main Product: Copper Cathodes Product Portfolio ▪ Value-added products: Coppe
Slide 62: Petrochem: Replicating Group's Simple yet Transformational Business Model
Petrochem: Replicating Group's Simple yet Transformational Business Model Land Acquisition Approvals Strategic Location Land already in Possession Approvals in place Significant Location Advantage Development (Long Term Lease from APSEZ) TOR-Dec’21 || EIA Submitted-Feb’22 APSEZ || logistics, water,
Slide 63: Mundra Petrochem Limited (MPL): A snapshot
Mundra Petrochem Limited (MPL): A snapshot Plant Capacity ▪ PVC 1 MMTPA – With flexibility to expand up to 2 MMTPA ▪ Main Product: PVC Product Portfolio ▪ By-products : Caustic Soda, Coking Gas, Tar etc. Location ▪ West coast of India at Mundra Port, Gujarat – a deep-draft port facility, offering co
Slide 64: ESG Focus
10 ESG Focus STRICTLY CONFIDENTIAL
Slide 65: Robust ESG Assurance Framework
Robust ESG Assurance Framework Guiding principles United Nations Global Sustainable Development GRI Standards Guiding Compact Goals Policies principle Policy Structure Focus Area - UNSDG − Environment Policy covered in − Climate Action E ESG Business Responsibility (BR) Policy − No poverty − Zero hu
Slide 66: Environmental Philosophy
Environmental Philosophy Offsetting Carbon Emission Conservation of Resource Waste Management − Carbon sequestration by − Reducing water footprint − Recycling waste through land-filing afforestation Climate − Land use and cover management − Circular Economy Awareness − Improving Carbon Efficiency −
Slide 67: Social philosophy
Social philosophy AEL’s Key Social Initiatives mapped to UNSDG United Nations Sustainable Development Goals 2030 Women’s Education Multiple − Own schools, digitalization and up gradation of Govt. Locations school to provide cost free education to the needy. 1. No Poverty − Project Suposhan undertake
Slide 68: Governance Philosophy
Governance Philosophy Policies Committees Assurance − Environment Policy covered in BR − Corporate Responsibility Committee Policy − Risk Management Committee Corporate Responsibility Committee Established “CRC” of − Corporate Social Responsibility Policy − Corporate Social Responsibility the board
Slide 69: AEL: ESG Rating in DJSI (S&P Global)
AEL: ESG Rating in DJSI (S&P Global) Ranked 7th in its peer group in the world for 2022 Score Company Name 73 ITOCHU Corporation 72 Rexel S.A. Industry Highest 71 Sojitz Corporation 70 Mitsui & Co., Ltd. AEL 63 Ferreycorp S.A.A. 57 W.W. Grainger, Inc. 51 Adani Enterprises Limited Industry Average 49
Slide 70: Thank You
Thank You
Adani Enterprises — Investor Presentation (November 2022) on 6ix