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Adani Energy Solutions Limited — Interim / Quarterly Report 2020
Oct 19, 2020
62594_rns_2020-10-19_12dfe02e-3d97-4249-a64c-c7fe9a6501e9.pdf
Interim / Quarterly Report
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19[th] October, 2020
BSE Limited P J Towers, Dalal Street, Mumbai – 400001
National Stock Exchange of India Limited Exchange plaza, Bandra-Kurla Complex, Bandra (E), Mumbai – 400051.
Scrip Code: 539254
Scrip Code: ADANITRANS
Dear Sir,
Sub: Provisional Operational Updates – 1HFY21
We are enclosing herewith the Provisional Operational Updates of the Company for 1HFY21.
You are requested to take the same on your records.
Thanking you,
Yours faithfully,
For Adani Transmission Limited
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Jaladhi Shukla
Company Secretary
Encl – As Above
Adani Transmission Ltd Tel +91 79 2555 7555 Adani Corporate House Fax +91 79 2555 7177 Shantigram, Near Vaishno Devi Circle, [email protected] S. G. Highway, Khodiyar, www.adanitransmission.com Ahmedabad 382 421 Gujarat, India CIN: L40300GJ2013PLC077803
Registered Office: Adani Corporate House, Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad – 382 421
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Adani Transmission Limited Provisional Operational Update 1HFY21 October 2020
CONTENTS
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04-08
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10-14
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16-17
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19-23
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25-26
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1HFY21 YoY Performance 04 Q2FY21 YoY Performance 10 Global Peer Benchmarking 16 Q2FY21 QoQ Performance 19
Asset Portfolio
25
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1HFY21 YoY Performance
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ATL: Transmission Utility – Key Operating Metrics
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Transmission Network length [(2)] (ckt kms)
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Average System availability [(1)] (%)
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Target: Maintain Target: 20,000 ckt
99.9% reliability kms by 2022
14,837 14,738
99.88% 99.80%
ATL maintained
Low network addition
target availability in
due to Covid disruption;
1HFY21 despite construction in full-
lockdown
swing from Q2FY21
onwards
1HFY21 1HFY20 1HFY21 1HFY20
Higher the better Higher the better
Power Transformation Capacity [(2)] (MVA)
Growing capacity
with line addition
27,280 27,280
Transformation
capacity has remain
unchanged during
the period
1HFY21 1HFY20
Higher the better
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04
Notes: 1) Availability figures are provisional in nature and may subject to change. Average System availability is calculated basis revenue-weighted line availability. 2) Includes Operational and Under-construction projects
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ATL: Transmission Utility – Line availability across asset groups
Average Availability Across Operational Assets[(1) ] %
Focus on Maximizing Incentive %
Incentive – Obligor 1 and Obligor 2
Line Availability - Obligor Group
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Incentive
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Normative
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1.3% 1.2% 0.7%
2.27%
1.46%
98.5% 98.5% 99.0% 99.0%
97.5% 97.5%
1HFY21 1HFY20 1HFY21 1HFY20 1HFY21 1HFY20
AC – CERC AC – SERC
HVDC - CERC
(Asset 1 & 2 HVAC) (MERC)
Incentive – USPP
Normative Incentive
3.50% 3.49%
3.18% 3.11%
98.0% 98.0% 98.0% 98.0%
1HFY21 1HFY20 1HFY21 1HFY20
AC – SERC
AC – CERC
(RERC)
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99.84% 99.80%
1H FY21 1H FY20
Higher the better
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Line Availability - USPP
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99.96% 99.91%
1H FY21 1H FY20
Higher the better
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Consistent availability above normative levels ensures periodic incentive maximization
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05
Notes: 1) Average availability calculated as revenue weighted;
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ATL: Integrated Distribution Utility (AEML) – Key Operating Metrics
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SAIDI (mins), SAIFI (nos.) and CAIDI (mins) [(1)]
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Supply Reliability (ASAI) (%)
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SAIFI SAIDI CAIDI Consistently Improve
efficiency factors
32.67
29.43
23.78 Outage Time
and Outage
Occurrences
14.10
declined in 1HFY21
0.48 0.73
1HFY21 1HFY20
Lower the better
Plant Availability - DTPS (%)
Maintain high
availability
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Target: Maintain
99.9% reliability
99.995% 99.991%
Supply reliability of
more than 99%
maintained in
1HFY21
1HFY21 1HFY20
Higher the better
Transmission availability (%)
Maintain above
99% availability
99.88% 99.72%
Transmission
availability
increased yoy basis
1HFY21 1HFY20
Higher the better
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100.00%
98.28%
Achieved 100%
plant availability at
Dahanu
1HFY21 1HFY20
Higher the better
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Notes: 1) SAIDI - System Average Interruption Duration Index indicates average outage duration for each customer served, SAIFI - System Average Interruption Frequency Index indicates average number of interruptions, Customer Average Interruption Duration Index (CAIDI): indicates average time required to restore service during a predefined period of time.
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06
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ATL: Integrated Distribution Utility (AEML) – Key Operating Metrics
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Consumer base (million)
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Distribution Loss [(1)] (%)
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Number of Complaints (No Power)
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Improving customer
Consistently grow
Target of <=7% satisfaction
consumer base
8.42%
3.05 3.04 7.97%
478,887
Distribution loss
Slight increase
Significant
301,698
in customer slightly higher due
fall in
to provisional billing
base on yoy
complaints
basis during lockdown
1HFY21 1HFY20 1HFY21 1HFY20 1HFY21 1HFY20
Higher the better Lower the better Lower the better
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Collection Efficiency (%)
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E-payment (% of total collection)
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E-payment mode is
continuously growing
73.36%
E-payments have grown
significantly in 1HFY21
47.18%
due to high e-payment
channels adoption
1HFY21 1HFY20
Higher the better
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Maintain high
collection efficiency
98.60%
Lower collection
89.07%
efficiency in
1HFY21 due to
lockdown in
Q1FY21
1HFY21 1HFY20
Higher the better
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Notes: 1) Distribution loss in Q1FY21 was based on provisional average billing done basis historical trends resulting into slightly higher Distribution losses in 1HFY21
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07
ATL: Integrated Distribution Utility (AEML) - Consumer Mix
Consumer-wise volume mix
Consumer-wise revenue mix
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10%
1HFY21
9%
23% Higher residential
mix in 1HFY21 due
1HFY20
52%
to shift in demand
39% from C&I to
Residential during
lockdown
67%
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11%
1HFY21
10%
43%
1HFY20
34% 55%
47%
Residential Commercial Industrial
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Residential Commercial Industrial
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Higher residential
revenue mix during
the quarter due to
lower C&I demand
mainly in Q1
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Total units sold (1H FY21): 3,454 million units
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Vs.
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Total units sold (1H FY20): 4,579 million units
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08
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Adani Transmission Limited Debt Presentation | February 2020
Transmission
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Q2FY21 YoY Performance
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14
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ATL: Transmission Utility – Key Operating Metrics
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Transmission Network length [(2)] (ckt kms)
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Average System availability [(1)] (%)
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Target: Maintain Target: 20,000 ckt
99.9% reliability kms by 2022
14,837 14,738
99.90% 99.78%
ATL maintained Low network addition
more than 99% due to Covid disruption;
availability despite construction in full-
lockdown in Q2FY21 swing from Q2FY21
onwards
Q2FY21 Q2FY20 Q2FY21 Q2FY20
Higher the better
Higher the better
Power Transformation Capacity [(2)] (MVA)
Growing capacity
with line addition
27,280 27,280
Transformation
capacity has remain
unchanged
Q2FY21 Q2FY20
Higher the better
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10
Notes: 1) Availability figures are provisional in nature and may subject to change. Average System availability is calculated basis revenue-weighted line availability. 2) Includes Operational and Under-construction projects
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ATL: Transmission Utility – Line availability across asset groups
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Average Availability Across Operational Assets % [(1)]
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Focus on Maximizing Incentive %
Incentive – Obligor 1 and Obligor 2
Normative Incentive
1.3% 1.3%
2.25% 0.7%
1.57%
98.5% 98.5% 99.0% 99.0%
97.5% 97.5%
Q2FY21 Q2FY20 Q2FY21 Q2FY20 Q2FY21 Q2FY20
AC – SERC
AC – CERC
HVDC - CERC
(MERC)
(Asset 1 & 2 HVAC)
Incentive – USPP
Normative Incentive
3.49% 3.50%
3.13% 3.08%
98.0% 98.0% 98.0% 98.0%
Q2FY21 Q2FY20 Q2FY21 Q2FY20
AC – SERC
AC – CERC
(RERC)
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Line Availability - Obligor Group
99.87% 99.82%
Q2 FY21 Q2 FY20
Higher the better
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Line Availability - USPP
99.95% 99.92%
Q2 FY21 Q2 FY20
Higher the better
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Consistent availability above normative levels ensures periodic incentive maximization
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11
Notes: 1) Average availability calculated as revenue weighted;
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ATL: Integrated Distribution Utility (AEML) – Key Operating Metrics
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SAIDI (mins), SAIFI (nos.) and CAIDI (mins) [(1)]
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Supply Reliability (ASAI) (%)
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Target: Maintain
99.9% reliability
99.997% 99.996%
Maintained more
than 99.9% supply
despite lockdown in
Q2FY21
Q2FY21 Q2FY20
Higher the better
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SAIFI SAIDI CAIDI Consistently Improve
efficiency factors
30.01
26.99
Outage Time
and Outage
Occurrences
declined in Q2FY21
4.92
4.24
0.16 0.16
Q2FY21 Q2FY20
Lower the better
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Transmission availability (%)
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Plant Availability - DTPS (%)
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Maintain above
99% availability
99.92% 99.72%
Transmission
availability
increased on a yoy
basis
Q2FY21 Q2FY20
Higher the better
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Maintain high
availability
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100.00%
98.28%
Achieved 100%
plant availability at
Dahanu
Q2FY21 Q2FY20
Higher the better
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Notes: 1) SAIDI - System Average Interruption Duration Index indicates average outage duration for each customer served, SAIFI - System Average Interruption Frequency Index indicates average number of interruptions, Customer Average Interruption Duration Index (CAIDI): indicates average time required to restore service during a predefined period of time.
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12
ATL: Integrated Distribution Utility (AEML) – Key Operating Metrics
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Consumer base (million)
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Distribution Loss (%)
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Number of Complaints (No Power)
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Considerable fall in
number of complaints
233,560
158,493 Significant
fall in
complaints
Q2FY21 Q2FY20
Lower the better
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Consistently grow Target of <=7%
consumer base
8.18%
3.05 3.04
Distribution losses
Slight increase
in customer fell significantly due
2.94% to billing basis actual
base on yoy
basis meter reading
Q2FY21 Q2FY20 Q2FY21 Q2FY20
Higher the better Lower the better
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Collection Efficiency (%)
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E-payment (% of total collection)
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Maintain high
collection efficiency
103.53%
More than 100%
102.26%
collection efficiency
on account of Q1FY21
recoveries
Q2FY21 Q2FY20
Higher the better
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E-payment mode is
continuously growing
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68.53%
47.67%
Q2FY21 Q2FY20
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Higher the better
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E-payments have grown
significantly in Q2FY21 due
to progressive e-channel
adoption by consumers
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13
ATL: Integrated Distribution Utility (AEML) - Consumer Mix
Consumer-wise volume mix
Consumer-wise revenue mix
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12%
Q2FY21
9%
Q2FY20
51%
27%
40%
61%
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10%
Q2FY21
9%
44%
Q2FY20
32%
58%
47%
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Higher residential mix
in Q2FY21 due to shift
in demand from C&I to
Residential during
lockdown
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Residential Commercial Industrial
Residential Commercial Industrial
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Higher residential revenue mix during the quarter due to slightly lower C&I demand
Total units sold (Q2 FY21): 1,726 million units
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Vs.
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Total units sold (Q2 FY20): 2,156 million units
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14
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Adani Transmission Limited Debt Presentation | February 2020
Transmission
Global Peer Benchmarking
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14
ATL: Transmission System Financial and Operational Parameters – Peer Benchmarking
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Peer Benchmarking on O&M, Employee expenses and EBITDA (INR Million per circuit km)
O&M and employee cost per ckt km lower the better and EBITDA higher the better
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2.00
1.80 ckt km lower the better and
1.80
EBITDA higher the better
1.60
1.40
1.19
1.15
1.20
1.06
1.00
0.79
0.80
0.60 0.47
0.40
0.22
0.16 0.16 0.16
0.20 0.12 0.11 0.09 0.10
0.03
0.00
Peer 1 Peer 2 Peer 3 Peer 4 Adani Transmission
O&M/ckm EBITDA/ckm Employee expense/ckm
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System Availability / Reliability (%)
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Higher the better
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100%
99.99% 99.99% 99.99% 99.99%
100% 99.90%
100%
100%
99%
99%
99.00%
99%
99%
99%
98%
Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Adani Transmission
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Notes: Benchmarking is based on Internal Analysis; we have taken top utilities from Italy, Russia, Finland, Spain and Australia as global peers for above benchmarking ^Revenue and EBIDTA has been populated only for transmission business and pertains to period from Jan 2020-June 2020, Average Exchange rate of Jan-2020 to June -2020 has been considered for evaluation
Lowest O&M cost per ckm and high EBITDA/ckm across peers compared
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System availability
in line with global
standards
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16
ATL: Transmission System Financial and Operational Parameters – Peer Benchmarking
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Peer Benchmarking on Revenue and EBITDA (INR billion)
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140 100%
92%
90%
118
120
74%
80% 80%
78%
77%
74%
100
70%
87
80 80 60%
80
50%
63
61
60
40%
30%
40
22
14
20%
20 17 16
13 12
10%
0 0%
Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Adani Transmission
Revenue INR billion EBITDA INR billion EBITDA Margin %
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Highest EBITDA margin in transmission business across global utilities compared
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Notes: Benchmarking is based on Internal Analysis; we have taken top utilities from Italy, Russia, Finland, Spain and Australia as global peers for above benchmarking ^Revenue and EBIDTA has been populated only for transmission business and pertains to period from Jan 2020-June 2020, Average Exchange rate of Jan-2020 to June -2020 has been considered for evaluation
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17
Adani Transmission Limited
Debt Presentation | February 2020 Transmission Annexure – Q2FY21 QoQ Performance
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22
ATL: Transmission Utility – Key Operating Metrics
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Transmission Network length [(2)] (ckt kms)
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Average System availability [(1)] (%)
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Target: Maintain Target: 20,000 ckt
99.9% reliability kms by 2022
14,837 14,814
99.90% 99.91%
ATL maintained
Low network addition due
more than 99%
to Covid disruption;
availability despite
construction in full-swing
lockdown in Q2FY21
from Q2FY21 onwards
Q2FY21 Q1FY21 Q2FY21 Q1FY21
Higher the better
Higher the better
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Power Transformation Capacity [(2)] (MVA)
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Growing capacity
with line addition
27,280 27,280
Transformation
capacity remain
unchanged
Q2FY21 Q1FY21
Higher the better
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Notes: 1) Availability figures are provisional in nature and may subject to change. Average System availability is calculated basis revenue-weighted line availability. 2) Includes Operational and Under-construction projects
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19
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ATL: Transmission Utility – Line availability across asset groups
Average Availability Across Operational Assets %[(1)]
Focus on Maximizing Incentive %
Incentive – Obligor 1 and Obligor 2
Line Availability - Obligor Group
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Normative
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Incentive
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1.3% 1.2%
1.57% 1.35%
98.5% 98.5% 99.0% 99.0%
97.5% 97.5%
Q2FY21 Q1FY21 Q2FY21 Q1FY21 Q2FY21 Q1FY21
AC – CERC AC – SERC
HVDC - CERC
(Asset 1 & 2 HVAC) (MERC)
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99.87% 99.88%
Q2 FY21 Q1 FY21
Higher the better
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Line Availability - USPP
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Incentive – USPP
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Normative Incentive
3.49% 3.50% 3.13% 3.22%
98.0% 98.0% 98.0% 98.0%
Q2FY21 Q1FY21 Q2FY21 Q1FY21
AC – SERC
AC – CERC
(RERC)
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99.95% 99.99%
Q2 FY21 Q1 FY21
Higher the better
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Consistent availability above normative levels ensures periodic incentive maximization
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Notes: 1) Average availability onwards calculated as revenue weighted;
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ATL: Integrated Distribution Utility (AEML) – Key Operating Metrics
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Supply Reliability (ASAI) (%)
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SAIDI (mins), SAIFI (nos.) and CAIDI (mins) [(1)]
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Target: Maintain
99.9% reliability
99.997% 99.992%
AEML maintained
more than 99.9%
supply despite
challenges on ground
Q2FY21 Q1FY21
Higher the better
Transmission availability (%)
Maintain above
99% availability
99.92% 99.84%
Transmission
availability
increased on a QoQ
basis
Q2FY21 Q1FY21
Higher the better
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SAIFI SAIDI CAIDI Consistently improve
efficiency factors
31.00
26.99 Outage Time
and Outage
Occurrences
9.98 declined in Q2FY21
4.24
0.16 0.32
Q2FY21 Q1FY21
Lower the better
Plant Availability - DTPS (%)
Maintain high
availability
100.00% 100.00%
AEML achieved
100% plant
availability at
Dahanu
Q2FY21 Q1FY21
Higher the better
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Notes: 1) SAIDI - System Average Interruption Duration Index indicates average outage duration for each customer served, SAIFI - System Average Interruption Frequency Index indicates average number of interruptions, Customer Average Interruption Duration Index (CAIDI): indicates average time required to restore service during a predefined period of time.
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ATL: Integrated Distribution Utility (AEML) – Key Operating Metrics
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Consumer base (million)
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Number of Complaints (No Power)
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Distribution Loss (%)
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Slight increase in
Consistently grow
Target of <=7% number of complaints
consumer base
13.47%
158,493
3.05 3.05 143,180
Distribution losses
Increase in
fell significantly due
customer
to billing basis
base on QoQ
actual meter
basis 2.94%
reading
Q2FY21 Q1FY21 Q2FY21 Q1FY21
Q2FY21 Q1FY21
Lower the better
Lower the better
Higher the better
Collection Efficiency (%) E-payment (% of total collection) %
E-payment mode is
Maintain high
continuously growing
collection efficiency
82.87%
103.53%
68.53%
E-payments
Strong improvement
71.85% normalized slightly vs.
in collection
Q1FY21 but still high
efficiency post
vs historical trends
lockdown
Q2FY21 Q1FY21 Q2FY21 Q1FY21
Higher the better Higher the better
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Notes: 1) SAIDI - System Average Interruption Duration Index indicates average outage duration for each customer served, SAIFI - System Average Interruption Frequency Index indicates average number of interruptions, Customer Average Interruption Duration Index (CAIDI): indicates average time required to restore service during a predefined period of time.
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ATL: Integrated Distribution Utility (AEML) - Consumer Mix
Consumer-wise volume mix
Consumer-wise revenue mix
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12%
Q2FY21
8%
19%
Improvement in
Commercial and
Q1FY21
27%
Industrial volume in
overall mix in Q2FY21
61% due to movement
73% relaxation
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10%
Q2FY21
9%
25%
Q1FY21
32%
58%
66%
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Residential Commercial Industrial
Residential Commercial Industrial
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Improvement in Commercial sales in overall mix post relaxation in movement
Total units sold (Q2 FY21): 1,726 million units
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Vs.
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Total units sold (Q1 FY21): 1,728 million units
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Adani Transmission Limited Debt Presentation | February 2020
Transmission
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ATL - Asset Portfolio
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ATL’s Evolution and Operational Portfolio
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ATL’s Transmission Network (ckt km) has grown 2.7x Adani TransmissionLimited
in 3 years; and Distribution business acquired in FY19
ATL’s “Grid-to-Switch” Integrated Platform 100% 100% 75% 100% 100% 100% 100% 100% 100% 100% 100%
ATSCL & WTGL, PPP
ATIL MEGPTCL AEML ATBSPL ATRL RRWTL CWRTL STL
MTSCL WTPL 8/9/10
Transmission Line (Ckt kms)
-
Mundra - Tiroda Adani Maru & Western Bikaner – Surat- Raipur Chhat- Sipat New
Distribution Customers (mn) Dehgam Aurang- Electric- Aravali Transmis- Sikar garh- -Rajnand- tis-garh -Rajnand- Win
abad ity Mum- lines sion (Gu- Sikar gaon - - WR gaon
Mundra
bai (Dis- jarat) Warora
- Mohin-
tribution)
3 mn+ 3 mn+ dergarh Western
Transmis-
3 mn+ Tiroda -
14,837 sion (Ma-
Warora
14,740 ckt kms harash-
13,562
ckt kms
tra)
ckt kms
8,600
Operating Assets Recently Commissioned Operating Assets
Ckt kms
3,834 ckms 1,217 ckms 540 ckms 397 ckms 3,063 ckms 343 ckms 278 ckms 611 ckms 434 ckms 348 ckms 413 ckms A A
5,450
6,630 MVA 6,000 MVA 3,125 MVA 1,360 MVA - - - - 630 MVA - 585 MVA B B
Ckt kms
c. 28 years c. 31 years c. 18 years c. 30 years c. 31 years c.41 years c. 34 years c. 35 years c. 35 years c. 35 years c. 35 years C C
Regulated return Regulated return Regulated return Fixed tariff Fixed tariff Fixed tariff Fixed tariff Fixed tariff Fixed tariff Fixed tariff Fixed tariff D D
Centre / State State State State Centre State State Centre Centre Centre State E E
INR 49.6 Bn INR 57.7 Bn INR 55.7 Bn INR 3.9 Bn INR 18.2 Bn INR 2.2 Bn INR 1.3 Bn INR 12.1 Bn INR 9.5 Bn INR 5.4 Bn INR 4.4 Bn F F
FY17 FY18 FY19 FY20 1HFY21
A Transmission B B Transformation C Residual DD [Contract] E E Pool F Asset F
line length capacity concession life base [(2)]
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Notes: Route length (ckt-kms) as of 31st June 2020; ATIL - Adani Transmission (India) Limited; MEGPTCL - Maharashtra Eastern Grid Power Transmission Co. Limited; AEML: Adani Electricity Mumbai Limited (Distribution business); ATBSPL: Adani Transmission Bikaner Sikar Private Limited; STL - Sipat Transmission Limited; RRWLT - Raipur Rajnandgaon Warora Transmission Limited; CWTL – Chhattisgarh WR Transmission Limited; ATRL – Adani Transmission (Rajasthan) Limited; ATSCL – Aravali Transmission Service Company Limited; MTSCL – Maru Transmission Service Company Limited, WRSS M – Western Region System Strengthening Scheme Maharashtra, WRSS G – Western Region System Strengthening Scheme Gujarat, (1) 74% in ATSCL with an option to acquire balance 26% in a manner consistent with Transmission Service Agreement and applicable consents; (2) Asset base for operational assets as of March-2020; Mumbai GTD / BSES – as per proposed funding plan.
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A
B
C
D
E
F
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G
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ATL : Locked-in Growth from Under-construction Projects
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Adani TransmissionLimited
100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%
Lakadia
Ghatam- Obra-C WRSS – Bikaner - Jam Kham- Kharghar
NKTL FBTL Banas- HVDC#
pur Badaun XXI (A) Khetri baliya - Vikhroli
kantha
North Fategarh Ghatampur Obra Lakadia - Bikaner – Lakadia- Jam Kham- HVDC - 400kv
Karanpura Bhadla Bhuj Sikar Banas-kan- baliya Mumbai Kharghar -
Transmis- tha Vikhrolli
sion System
Under Construction
304 ckms 292 ckms 897 ckms [(2)] 630 ckms 292 ckms 480 ckms 352 ckms 38 ckms 160 ckms 74 ckms
1,000 MVA - - 950 MVA 3000 MVA - - 2500 MVA 1,000 MW 1500 MVA
N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Fixed tariff Fixed tariff Fixed tariff Fixed tariff Fixed tariff Fixed tariff Fixed tariff Fixed tariff Regulated Return Fixed tariff
Centre Centre State State Centre Centre Centre Centre State State
INR 6.7 Bn INR 5.5 Bn INR 18.2 Bn INR 7.4 Bn INR 8.1 Bn INR 8.5 Bn INR 7.0 Bn INR 3.2 Bn INR 70 bn INR 18.9 Bn
Dec-21 Jan-21 June-21 May-21 May-21 May-21 Nov-21 Aug-21 - Mar-22
A A Project total B B Transformation C C Residual D D Contract E E Pool F Asset G SCOD [(3)]
line length capacity concession life type base [(1)]
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Notes: #HVDC project SPV will be 100% subsidiary of AEML (Adani Electricity)
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400 kV pooling station work at Fatehgarh 2 (FBTL Line)
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Completion of tower foundation work at North KaranpuraChandwa (NKTL)
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765kV Ghatampur TPS-Agra SC line
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160 MVA ICT-2 foundation work at Badaun Sub-station (Obra line)
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NKTL – North Karanpura Transco Limited;, FBTL – Fategarh Bhadla Transmission Limited; 1) Asset base for under-construction assets – as per the estimated project cost as of March 2020; 2) Small element of 98 ckt kms of GTL line is operational out of total 897 ckt kms as of 1HFY21; (3) Provisional Scheduled Commercial Operation Date (SCOD)
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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 for your information and your use, and may not be retained by you or copied, reproduced or redistributed to any other person in any manner nor any part thereof may be (i) used or relied upon by any other party or for any other purpose; (ii) copied, photocopied, duplicated or otherwise reproduced in any form or by any means; or (iii) re-circulated, redistributed, passed on, published in any media, website or otherwise disseminated, to any other person, in any form or manner, in part or as a whole, without the prior written consent of the Company. Any unauthorized use, disclosure or public dissemination of information contained herein is prohibited. This presentation does not purport to be a complete description of the markets’ conditions or developments referred to in the material. 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 Transmission Limited (“ATL”), 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 is for private circulation only and 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 ATL’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 ATL. ATL, 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. This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. This presentation should not be used as a basis for any investment decision or be relied upon in connection with, any contract, commitment or investment decision whatsoever. This presentation does not constitute financial, legal, tax or other product advice. Potential investors must make their own assessment of the relevance, accuracy and adequacy of the information contained in this presentation and must make such independent investigation as they may consider necessary or appropriate for such purpose. The statements contained in this presentation speak only as at the date as of which they are made, and the Company expressly disclaims any obligation or undertaking to supplement, amend or disseminate any updates or revisions to any statements contained herein to reflect any change in events, conditions or
circumstances on which herein to reflect any change in events, conditions or circumstances on which any such statements are based. Neither the Company nor any of its respective affiliates, its board of directors, its management, advisers or representatives, including any lead managers and their affiliates, or any other persons that may participate in any offering of securities of the Company, shall have any responsibility or liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation. ATL 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. ATL 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. Certain statements made in this presentation may be “forward looking statements” for purposes of laws and regulations of India and other than India. These statements include descriptions regarding the intent, belief or current expectations of the Company or its directors and officers with respect to the results of operations and financial condition, general business plans and strategy, the industry in which the Company operates and the competitive and regulatory environment of the Company. These statements can be recognized by the use of words such as “expects,” “plans,” “will,” “estimates,” “projects,” “targets,” or other words of similar meaning. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those in such forward-looking statements as a result of various factors and assumptions, including future changes or developments in the Company’s business, its competitive environment, information technology and political, economic, legal, regulatory and social conditions in India, which the Company believes to be reasonable in light of its operating experience in recent years. The Company does not undertake to revise any forward-looking statement that may be made from time to time by or on behalf of the Company. Please note that the past performance of the Company is not, and should not be considered as, indicative of future results. 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 ATL.. 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.
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Investor Relations:
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MR. VIJIL JAIN
Investor Relations
[email protected] +91 79 2555 7947
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MR. MANDAR DHAVLE
Investor Relations
[email protected] +91 79 2555 8494
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Thank You
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