Adani Enterprises Ltd 1QFY21 Performance Highlights August, 2020 - PowerPoint PPT Presentation

Adani Enterprises Ltd 1QFY21 Performance Highlights August, 2020

Content 01 Group Profile 02 Company Profile 03 Operational and Financial Highlights 04 ESG Performance

Group Profile 3

Adani Group: A world class infrastructure & utility portfolio Adani Adani Energy & Utility Transport & Logistics • Marked shift from B2B to Portfolio Portfolio B2C businesses– • AGL – Gas distribution 63.5% 100% 75% 75% network to serve key APSEZ SRCPL ATL AGEL geographies across Port & Logistics Rail T&D Renewables India • AEML – Electricity 100% 75% 37.4% distribution network AGL AAPT APL that powers the Gas DisCom 75% IPP Abbot Point financial capital of India AEL • Adani Airports – To Incubator operate, manage and develop six airports in the country • Locked in Growth 2020 – 100% 100% 100% 100% • Transport & Logistics - AAHL ARTL AWL Data Airports and Roads ~USD 28 bn 1 Airports Roads Water Centre • Energy & Utility – Combined Market Cap Water and Data Centre Opportunity identification, development and beneficiation is intrinsic to diversification and growth of the group. APSEZ – Adani Ports and SEZ ATL / APL / AGEL / AGL – Adani Transmission / Power / Green Energy / Gas Ltd AAPT – Adani Abbot Point Terminal ARTL – Adani Road Transport Ltd SRCPL – Sarguja Rail Corridor Pvt Ltd AWL – Adani Water Ltd AAHL – Adani Airports Holdings Ltd T&D – Transmission and Distribution IPP – Independent Power Producer 4 1 . As on June 30, 2020, USD/INR – 76 | Note - Percentages denote promoter holding Highlighted cells represent public traded listed verticals

Adani Group: Repeatable, robust & proven model of infrastructure development Phase Development Operations Post Operations Origination Site Development Construction Operation Capital Mgmt Analysis & Site acquisition Engineering & Life cycleO&M Redesigning the market planning capital structure of design Activity Concessions intelligence the asset Asset and regulatory Sourcing & Management plan Operational phase Viability analysis agreements quality levels funding consistent Strategic value Investment case Equity & debt with asset life development funding at project Redefining the Envisaging Complex O&M optimisations Successfully placed 7 space e.g. evolution of sector developments on e.g. Solar plants issuances totalling Mundra Port e.g. Adani time & budget e.g. ~USD4Bn in FY20 Transmission APL All listed entities Performance maintain liquidity cover of 1.2x- 2x for FY21. Focus on liquidity planning ensures remaining stress free. Low capital cost, time bound & quality completion providing long term stable cashflow & enhancedRoE 5

Adani Group: Repeatable, robust business model applied to drive value Successfully applied across Infrastructure & utility platform Development at large scale & within time and budget India’s Largest Longest Private HVDC 648 MW Ultra Mega Largest Single Location Commercial Port Line in Asia Solar Power Plant Private Thermal IPP (Mundra – Dehgam) (at Kamuthi, TamilNadu) (at Mundra) (at Mundra) Key APSEZ ATL AGEL APL Business Excellence in O&M – Constructed and Highest Margin High declared Highest benchmarked to global Commissioned in 9 Model among Peers in the availability capacity of 89% 5 standards months World among Peers EBITDA margin:89% 1,4 Attributes EBITDA margin:64% 1,2 EBITDA margin: 91% 1,3 Diverse financing sources – only Indian infrastructure portfolio with four (4) Investment Grade (IG) PSU 55% PSU 33% issuers Private Banks 31% Private Banks 20% Bonds 14% Bonds 47% March2016 March 2020 The dominant Infrastructure platform that re-defines respective industry landscape Note: 1 Data for FY20; 2 Excludes forex gains/losses;3 EBITDA = PBT + Depreciation + Net Finance Costs – Other Income; 4 EBITDA Margin represents EBITDA earned from power sales and exclude other items; 5 FY20 data for commercial availability declared under long term power purchase agreements. 6

AEL : A Successful Incubator Successful Incubator Value to Shareholders Capital Management • Delivered returns at 30% CAGR • Robust Leverage Profile with • Created 5 infrastructure unicorn debt to equity ratio of 0.7x since listing in 1994 since inception • Unlocked value at CAGR of • Strong Debt to EBIDTA ratio • Demerged AGL and AGEL in last 3 66% in last 3 years of 4x years. Solar Mfg Core Portfolio ESG • India’s largest manufacturing • IRM continues to maintain • Embedded ESG framework for facility of 1.2 GW capacity leadership position in India enhanced value creation • 50%+ market share in Mining • Strong focus on sustainability Services space initiatives Incubating Businesses Natural Resources Entry in B2C • Won bids for Six Airports • Mining portfolio of 127.2 MMT • Order book of construction of thereby entering into B2C • End-to-end logistics capabilities 200+ Km of roads • Making significant progress in Water and Data Center AGL – Adani Gas Ltd IRM – Integrated Resources Management 7 AGEL – Adani Green Energy Ltd CAGR – Compounded Annual Growth Rate

AEL Incubation story so far > > Creating infrastructure unicorns AEL 2007 2009 2015 2018 2018 APSEZ APL ATL AGEL AGL USD 9 Bn USD 2 Bn USD 4 Bn USD 8 Bn USD 2 Bn Demerged from 2015 Demerged from 2018 • A successful incubator since 1994 • Created 5 infrastructure unicorns and the process continues… • Successfully converting infrastructure startups into thriving businesses • Providing shareholders multifold returns and direct exposure • Providing strong cash flow support to the startups during its initial capex cycle 8 Year of original lisiting

Company Profile 9

AEL : Tried & tested model poised for growth beyond 2020 AEL and its Incubation Portfolio Resources Transport & Logistics Utility Strategic Data Mining Rail / Water Solar Mfg IRM Airports Road Centre Services Metro Incubating new wave of Infrastructure & Utility Assets Defence Carmichael Divisions 1 Mine  AEL directly holds IRM and Mining Services as business divisions Independent Structure 2  All businesses have independent organisation structure in place with CEOs and CFOs Divisions SPVs 10

AEL : Update on COVID-19 and AEL ’s response • GDP expected to decline significantly in FY21, and recover in FY22 to a growth of 6-7% • Indian economy to bounce back from H2 FY21 due to measures taken by the GOI to boost demand. • IRM and Mining services affected due to lower power demand and logistics issues • Reduction in Solar Mfg. volumes owing to plant shut down and unavailability of manpower • Hygiene, sanitization of workplaces & sites ensured, enabled 100% thermal scanning • Majority of our administrative staff are working from home • Relying on technology to improve cost efficiencies • Invoked Force majeure clause in contracts wherever applicable • Focus on maintaining adequate liquidity and conserving cash • Reduced Capex plans of FY21 11

Operational & Financial Highlights 12

AEL – Business Highlights  IRM IRM volume stood at 7.4 MMT during Q1 FY21 vs 18.5 MMT in Q1 FY20  Coal production at 2.2 MMT vs 2.9 MMT in Q1 FY20 • PEKB – 2.0 MMT vs 2.9 MMT in Q1 FY20 • Gare Pelma III - 0.2 MMT Mining • Talabira II & III - 0.02 MMT Services  Coal dispatch volume during Q1 FY21 at 2.5 MMT vs 2.4 MMT in Q1 FY20  Solar Solar Module volume was at 78 MW during Q1 FY21 vs 236 MW in Mfg. Q1 FY20 Note: IRM – Integrated Resources Management 13

AEL – Key Consolidated Financials (Rs Cr) PAT* Revenue EBIDTA 896 10,686 Noramalised PAT Exceptional Item 601 5,502 328 301 273 30 Q1 FY20 Q1 FY21 Q1 FY20 Q1 FY21 Q1 FY20 Q1 FY21  Q1 FY21 revenue and EBIDTA was majorly affected owing to reduction in volumes due to Covid Pandemic  Q1 FY20 PAT includes one time exceptional income of Rs. 328 Crores. *Profit after tax attributable to owners 14

AEL – Key Consolidated Financials – Segment wise (Rs Cr) IRM Mining Services MSPVL Q1 FY21 Q1 FY20 Q1 FY21 Q1 FY20 Q1 FY21 Q1 FY20 Volume 7.4 MMT 18.5 MMT -60% 2.2 MMT 2.9 MMT -24% 78 MW 236 MW -67% Revenue 3,661 8,084 -55% 416 499 -17% 212 509 -58% EBIDTA 56 355 -84% 215 335 -36% 11 66 -83% 15

AEL – Adani Wilmar: Steady overall performance (Rs Cr) Revenue EBIDTA 473 7,586 371 7,497 Q1 FY20 Q1 FY21 Q1 FY20 Q1 FY21  Fortune brand continues to dominate the domestic retail consumer pack market with 20% market share 16

ESG Performance 17