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Thinking big Doing better
Resources Logistics Energy
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Vision - To be globally admired leader in integrated infrastructure businesses with a deep commitment to nation building. We shall be known for the scale of our ambition, speed of execution and quality of operations
Leading Player in private
power generation
• Power Generation
• Power Transmission
• City Gas Distribution
Energy
India:
• Largest trader of Coal
• Largest mine developer &
operator
• Contract order book of 97 mtpa
Indonesia:
• Resource 269 mn tn
• Mine life: 15 yrs
Australia:
• JORC Resource: 11 bn ton
• Mine life:100 yrs
• 100 mtpa (peak)
India:
• No. 1 Port of India
• Largest indigenous Ports
Developer & Operator
• 6 Operational Ports / Terminals
• Developing 2 terminals on west
and east India
• Largest Private Rail Developer
Shipping:
• Own & operate 4 capesize
vessels
India:
Generation:
• 9240 MW thermal capacity
• 40 MW Solar Power Plant
Transmission:
• 5051 Ckt km of transmission
network
City Gas Distribution:
• Operate in 4 cities in
India.(Ahmedabad, Baroda,
Faridabad & Khurja)
Owning a large network of ports,
rail lines, ships
• Ports
• Multi Modal Logistics
• Special Economic Zones
Logistics
Sourcing Coal from around the
world
• Coal Mining
• Coal Trading
• Agro
Resources
Adani Group: Integrated & synergistic business model
3,077 5,654
12,822
16,764* 18,133
17,358
-
5,000
10,000
15,000
20,000
FY09 FY10 FY11 FY12 FY13 FY14
200 384
1,000 1,084 1,271
1,700
-
500
1,000
1,500
2,000
FY09 FY10 FY11 FY12 FY13 FY14
Adani Group – Thinking Big, Doing Better
3
Net Asset (USD mn)
EBIDTA (USD mn)
• Commercial Port in India
• Coal Import Terminal at Mundra
• Private Power Producer in India
• Mine Developer and Operator in India
• Trader of coal in India with consistent share of
about 50%
• Edible Oil Company in India in terms of market share
No.1 :-
* Figure is excluding Abbot asset
Resources Logistics Energy
•Coal Trading
•Coal Mining
•Sea Ports
•Railways
•Power
• Generation
• Transmission
Coal Business: Growth Potential
5 Source: Research Reports
Coal Mining (MDO)
Coal Mines Ordinance:
The ordinance has carved out special provision for allotment of the cancelled coal blocks to the Government companies, having specific end use (only captive use) without going through public auction
In view of this, we expect our MDO coal blocks (Parsa Kente, Machhakata, Chendipada and Parsa) to be reallocated to the respective utilities being Government companies and having specific end use
Our MDO contract for Kente Ext. is not affected by Honourable SC order since it was allocated to RRUVNL under new auction by competitive bidding of Coal Mines Rules 2012
This ordinance brings further opportunity for Adani Group to retain & strengthen its presence in the MDO business and also obtain coal resources for our power business
Thermal Coal Import (MMT)
0
100
200
300
20
11-1
2
20
12-1
3
20
13-1
4
20
14-1
5 P
20
15-1
6 P
20
16-1
7 P
20
17-1
8 P
20
18-1
9 P
20
19-2
0 P
90 116 139 169 194 218 243 270 299
0
200
400
600
800
1000
1200
20
11-1
2
20
12-1
3
20
13-1
4
20
14-1
5 P
20
15-1
6 P
20
16-1
7 P
20
17-1
8 P
20
18-1
9 P
20
19-2
0 P
Power (Mt) Cement CPP (Captive) Sponge Iron Others
Thermal Coal Demand Sector-wise (MMT)
Thermal coal import in India is estimated at 169 MT in FY2015 and expected to grow at 15% YoY
Multi-Country Procurement
Multi modal Logistics
Customer Account Management
Financing
South Africa
Richard Bay
Ports
Locations served
Indonesia
Indonesia
Tarakan
Tanjung Bara Bontang
Samarinda
Muara Satui Tanjung
Pemancingan
Australia
Queensland
Mundra
Gangavaram
Kakinada
Vishakhaptnam
Tuticorin
Haldia
Suratgarh
Tanda
Unchahar
Sipat Korba
Koradi
Parli
Chanderpur
Simhadri
Kota
Chhabra
Gandhinagar Wanabori
Dadri
Panipat
Yamunagar
Hissar
Panki
Parichha
Harduaganj
Kahalgaon
Ramagundam
Kondapalli
North Chennai
Mettur Tuticorin
Rihand
Vindyachal
Paradip
[Talcher]
Mejia
Badarpur
Ennore
Dahej
Bedi Navlakhi
Kandla
Kolaghat
Bakreshwar Bandel
Sagardighi
Durgapur
Hazira
Goa
Tiroda
Coal Business
Electricity Boards
Private Business
Adani Power Ltd
Third Country
Consistent Market share in
electricity business ~50%
We are a team of 200 + People with operations spread across globe through our 25 satellite offices, 18 branch offices, 3 global offices and a head
office based out of Gurgaon.
Coal Trading: Integrated Coal Management
6
Mining Locations Ports
Mundra
Machhakata
Dahej Port
Hazira Port
Parsa
Chhendipada
Parsa – Kente Mormugao Port
Vizag
Kandla
7
State Chhattisgarh Odisha
Mine Parsa -Kente
(RRUVNL)
Parsa
(CSPGCL)
Kente Extension (RRUVNL)
Machhakata
(MGCL)
Chendipada
(UCMCCL)
Block Area (Sq
Km) 27.67 12.52 17.00 20.43 27.42
Mineable Reserve (Mn MT)
452 150 200 1244 1589
Capacity at peak level (MMTPA)
15 5 7 30 40
Commencement of Production
Started Feb 13
2016 2017 2016 2016
Notes:
1. RRVUNL – Rajasthan Rajya Vidyut Utpadan Nigam Limited ; 2. MGCL – Mahaguj Collieries Ltd. ; 3. CSPGCL – Chhattisgarh State Power Generation Company
Limited 4. UCMCCL - UCM Coal Company Limited
Coal Mining: Largest Mine Developer & Operator
8
Coal Mining: Indonesia
Indonesia
Bunyu Island
Coal Crushing
Coal Loading
Particulars Capacity
Location Bunyu Island, Indonesia
Resource 269 MMT (JORC)
Current Capacity 7 MMPTA
Production FY15: 4.5 MMT
Coal Mining
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Australia Mine: Funding Plan and Timeline
Particulars Mine
Total Capex 4,200
Debt 2,940
Project Finance 2,140
Equipment Financing 800
Equity 1,260
Of which already invested 800
USD mn
Particulars Mine
Open Cut Mining 28 MMT
First Coal Open Cut Aug-17
Underground Mining 14 MMT
First Coal Underground Mar-18
Q1 2015 Off-Site & On-Site Infra Construction Commencement
Q4 2015 Financial closure
Q3 2017 Open Pit E - First Coal
Q4 2017 Open Pit D - First Coal
Q1 2018 Underground 1 System Cut First Coal
Q3 2018 Underground 2 System Cut First Coal
Timeline Carmichael Coal Mine
Agro
10
• Capacity of 21000 MT of storage of Apple
• State of Art Control Atmosphere Storage facility at 3 locations in Himachal
Pradesh
• Distribution set up across India under brand “Farm-Pik”
• One of largest importer of fruits into India
• Operates storage capacities of 6,00,000 MT at 7 locations across India
• Another 3,50,000 MT in development across 7 locations in Madhya Pradesh
• State of Art mechanized storage facilities with private railway siding
• Operates storages facilities under Build Own Operate model for FCI for 20 years
Agri Infrastructure: Food Grains
• Joint venture with Wilmar, Singapore • “FORTUNE” - India’s number 1 edible oil brand with more than 20% market share
(AC Nielson) • Revenues in excess of $ 2.5 Bn • Volumes more than 3.5 MMTPA • Expanding into more agro products such as Rice, Pulses. Soya nuggets etc • Major Exporter of Castor Oil/derivatives and Soya De-oiled cake • Manufacturing facilities spread across 18 locations pan India with 10k refining
& 7k crushing capacity
Edible Oil & Agro commodities
Agri Infrastructure: Fruits
Agri Infrastructure: Food Grains
Resources Logistics Energy
•Coal Trading
•Coal Mining
•Sea Ports
•Railways
•Power
• Generation
• Transmission
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SEZ land leases complementing business models of Ports and Logistics at Mundra.
SEZ Area of 6,641 Hectares.
Diverse clientele of storage for refineries, power generators, automobile industry and other industrial consumers
Ports & Logistics: Huge Growth Potential
Dahej
Vizag
Mundra
Hazira
Mormugao
Kandla
Dhamra
Ennore
Major Ports where APSEZL has terminals
Non major ports - APSEZL
SEZ
Established connectivity infrastructure including rail, road and pipe line
120 km railway line on the west coast; 63 km railway line at Dhamra on the east
Development of Inland Container Depots and container rail movements across country
Only pan India port company with 8
ports across Indian coastline
6 operational ports; 2 under
implementation
Multi Commodity Ports: >300 mtpa
capacity
Preferred Indian Partner of Global Liners
Logistics
Ports
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Ports & Logistics: Mundra Port enjoys Distance Advantage
Adani 64 km private rail network connecting
Mundra Port to National Railway Network
Resulting in savings on both cost and time
compared to competing Mumbai ports
408 km lesser to industrial zone of Bhatinda
245 km lesser to the Delhi - NCR
Less congested route than JNPT (Mumbai)
Route passes through sparsely populated
regions of Kutch and Rajasthan.
New Delhi
Gurgaon
Alwar
Jaipur Ajmer
Palanpur Bhildi
Mundra Port
Adipur
Samakhiali Ratlam
Vadodara
Surat
Kota
Agra
Mathura
JNPT
Vasai Road
Marwar
Godhara
Pipavav
Shorter Distance & Low Passenger Traffic results in reduced operating cycle
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Feature Existing DFC
Container stack Single Double
Train length 700m 1,500m
Train load 4,000 tons 15,000 tons
Axle load 22 tons 32 tons
Maximum speed 75 km/ hr 100 km/ hr
Status
Mundra to be connected to DFC through Palanpur ( ~350 km)
To be connected via Kutch Railway Corp Ltd. (Budget for dovetailing to DFC approved)
Advantage:
Faster trains, improving transit time by 50%
Higher capacity trains, increased capacity of infrastructure
New Delhi
Gurgaon
Alwar
Jaipur Ajmer
Bhildi
Mundra Port
Adipur
Samakhiali Ratlam
Vadodara
Surat
Kota
Agra
Mathura
JNPT
Vasai Road
Marwar
Godhara
Pipavav
Palanpur
Source: Dedicated Freight Corridor Corporation of India Ltd (http://dfccil.org),
Ports & Logistics: DFC / DMIC - the Growth Catalysts
Proximity to Adani Ports: Future evacuation Infrastructure Assured
Hazira
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Ports & Logistics: Dhamra - Mundra of the East
Dhamra: Enabling APSEZ to be a PAN India Port Company
Dhamra NW 5
NW 1
Coal Basins and Fields
Only port in East with deeper Draft for larger vessels
Gateway for Mining, Power and Steel Industry
Potential coastal shipping hub
Potential Transshipment Hub – No large vessel
container facility between Paradip to Chittagong.
Gateway for Inland Waterways connecting north east
Dhamra: Mega Port in making
Master Plan of Total 17 berths;
12 bulk, 4 container, 1 LNG Terminal
Phased Growth to reach up to 100 mtpa
Resources Logistics Energy
•Coal Trading
•Coal Mining
•Sea Ports
•Railways
•Power
• Generation
• Transmission
Power: Sectorial Demand continue to rise…
17
Average Deficit in the Last Decade: Peak deficit: 12%; Energy deficit: 9%
India – Installed Capacity: 253 GW*
Installed Capacity in India - Category
Source: 11th & 12th FYP, Ministry of Power, CEA * As on 31st Aug 2014
Units in GW
2012 2017 2020
132
204 240
39
50 57
5
10 19
25
25
32
Thermal Hydro Nuclear Renewables
200
288
347
Peak & Energy Deficit : Year-wise
Hydro 40 GW
Renewables
32 GW
Nuclear 5 GW
Thermal 176 GW 13361
6460 5741
2942 2384 884
0
2000
4000
6000
8000
10000
12000
14000
16000
USA Russia UK China Brazil India
kW
h
Lowest per capita electricity consumption
12% 12% 14%
17%
12% 13% 13% 11% 9%
5% 5% 7% 8%
9% 10%
11% 10%
9% 8% 9%
4% 4%
Peak Deficit Energy Deficit
Power: Generation & Transmission
18 Notes: 1. Project under AEL
Commissioned: 3.300MW
Commissioned: 1,320MW
Kawai
Commissioned: 4,620MW
Mundra
Tiroda
Dehgam
Mohindergarh
Aurangabad Warora
Adani Power projects are in high growth states of India. Also these states have financially strong SEBs
40 MW Operational Solar Power Project1 in Gujarat
SN Location Capacity
(MW)
1 Mundra (Gujarat) 4,620
2 Tiroda (Maharashtra) 3,300
3 Kawai (Rajasthan) 1,320
Total - Implementation 9,240
Power Generation
Power Transmission
Operation(MW)
4,620
3,300
1,320
9,240
Mundra – Dehgam Tiroda – Warora
Mundra – Mohindergarh Tiroda – Aurangabad
Operational Transmission Asset portfolio of
5051 Ckt Km
19
Power: Fuel – 53% already tied up, balance to be tied up through mining
Customer Total
Capacity (MW)
Capacity contracted
(MW)
Levelised tariff
(INR/unit)
PPA starts from
Coal Availability Qty (MMT)
Coal Required (MMT)
Remark
GUVNL (330x4) 1,320 1,000 2.89 Feb-10 Imported Coal 10.2 ~40% of coal requirement tied up
through CIL domestic coal supply
Balance coal cost pass through as per CCEA directive
CERC issued final order granting
compensatory tariff
GUVNL (660x2) 1,320 1,000 2.35 Feb-12
UHBVNL & DHBVNL (660x3)
1,980 475 + 949 2.94 Aug-12 / Feb-13
FSA signed for 6.4 MMT
6.4
Mundra 4,620 3,424 16.6
MSEDCL (660x2)
1,320 1,320 2.64 Aug-12 FSA signed for 4.91 MMT FSA - Tapering linkage signed for 800 MW
8.3
~66% of coal requirement tied up through CIL domestic coal supply
Balance coal cost pass through as per
CCEA directive
MERC issued final order granting compensatory tariff
MSEDCL (660x3)
660 125 + 440
3.28**
Aug-14 / Feb-17
1,320 1200 Apr-14 MoU signed for 3.39 MMT
5.5
Tiroda 3,300 3,085 13.8
RRVPNL (660x2) 1,320 1,200 3.24** Aug-13 MoU signed for 3.39 MMT
5.5
~62% of coal requirement tied up through CIL domestic coal supply
Balance coal cost pass through as per
CCEA directive
Proceedings completed in RERC. Order awaited.
Kawai 1,320 1,200 5.5
Grand Total 9240 7709^ 19 35.9 ~53% of coal requirement tied up through CIL domestic coal supply
**Fuel & Fuel Transportation are linked to CERC escalation index ^ PPA Capacity 92% of Net capacity Fuel Security - 19 Mil MT of Domestic Coal linkages
20
20
Disha: Power Operations Ignite: Ports Operations
Agile: Capital Projects Synergy: Services (Finance, IT, HR)
BPT of Power Operations Group with ATK:
– Strategic Planning
– Revenue Management
– Operations and Maintenance
– Fuel Sourcing and Mgmt.
BPT of Ports Operations Group with KPMG :
– Marine Operations
– Terminal Operations
– Engineering Services
– Customer Service & Marketing
BPT of Projects with Accenture:
– Sourcing and Procurement
– Project Management
– Engineering
– Construction and Commissioning
BPT of Services with Strategy&*:
– Finance: B2P, O2C, Tax, R2R, Treasury, FP&A, ABEX
– IT: Planning, Delivery, Support
– HR: TM, TA, L&D, PMS, HR Ops
Tezz Transformation: Components and Key Processes
TEZZ
Adani Group: Business Process Transformation
* Formerly Booz & Company
21
Underprivileged Children
Training volunteers for teaching
Mobile dispensary
Immunization for kids
Vocational training
Animal Husbandry
Pond deepening
Village drainage system
Livelihood development
Quality education
Girl Child Education
Adani Vidyamandir
Teaching sanitation in rural area
HIV /AIDS awareness campaign
Cattle vaccination
Check dam construction
Other Village Infrastructure
Roads, drinking water, power etc.
Health
Rural infrastructure development
Adani Group: CSR Initiatives
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Adani Group: Our Leadership Position
Leadership Position
• Leadership Position in Ports – 8 Ports • Our Leadership Position as Private Sector
Generation Co – 9280 MW • Transmission Network – 5051 circuit kms • Coal Trading
• Mine Developer and Operator
Favorable Macroeconomic
Environment
Clear Policy
Framework
Sustainable Growth of Business
23
AEL assumes no responsibility to publicly amend, modify or revise any forward looking statements, on the basis of any subsequent development, information or events, or otherwise. Unless otherwise stated in this document, the information contained herein is based on management information and estimates. The information contained herein is subject to change without notice and past performance is not indicative of future results. AEL may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such revision or changes. No person is authorized to give any information or to make any representation not contained in and not consistent with this presentation and, if given or made, such information or representation must not be relied upon as having been authorized by or on behalf of AEL. This presentation is strictly confidential. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction, including the United States. No part of its should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. None of our securities may be offered or sold in the United States, without registration under the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from registration therefrom. This presentation is confidential and may not be copied or disseminated, in whole or in part, and in any manner. This presentation contains translations of certain Rupees amounts into U.S. dollar amounts at specified rates solely for the convenience of the reader.
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”) and Adani Ports and Special Economic Zone Limited (“APSEZ”) & Adani Power Limited (“APL”), their future outlook and growth prospects, and future developments in their businesses and their competitive and regulatory environment, and statements which contain words or phrases such as ‘will’, ‘expected to’, etc., or similar expressions or variations of such expressions. Actual results may differ materially from these forward-looking statements due to a number of factors, including future changes or developments in their business, their competitive environment, their ability to implement their strategies and initiatives and respond to technological changes and political, economic, regulatory and social conditions in India. This presentation does not constitute a prospectus, offering circular or offering memorandum or an offer, or a solicitation of any offer, to purchase or sell, any shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of AEL’s shares. Neither this presentation nor any other documentation or information (or any part thereof) delivered or supplied under or in relation to the shares shall be deemed to constitute an offer of or an invitation by or on behalf of AEL. AEL, as such, makes no representation or warranty, express or implied, as to, and does not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information or opinions contained herein. The information contained in this presentation, unless otherwise specified is only current as of the date of this presentation.
Legal disclaimer
