Adani Total Gas Ltd. · NSE:ATGL
Adani Total Gas — Q3 FY24 Earnings Presentation
46 slides from Adani Total Gas's earnings presentation, Jan 31, 2024
Slide 1: Submission of Media Release and Investor Presentation cover letter
30th January, 2024 BSE Limited National Stock Exchange of India Limited P J Towers, Exchange plaza, Dalal Street, Bandra-Kurla Complex, Bandra (E) Mumbai – 400001 Mumbai – 400051 Scrip Code: 542066 Scrip Code: ATGL Dear Sir, Sub: Submission of Media Release and Investor Presentation on Unaudited Fin
Slide 2: Adani Total Gas Q3 & 9MFY24 Results
Media Release Adani Total Gas Q3 & 9MFY24 Results Overall Volume up by 21% in Q3 & 13% in 9M Y-o-Y CNG volume up by 24% in Q3 & 21% in 9M Y-o-Y ATGL Crosses 500 CNG stations PNG household increased to 7.79 lakh connections Q3 EBITDA - INR 301 Cr, up 26% YoY EV charging points spread to 10 states,46
Slide 3: Pan India Footprint and Key Business updates
Pan India Footprint – 9MFY24 (With JV namely IOAGPL): ➢ CNG Stations network of 835, added 98 New CNG Stations ➢ Total PNG home at 9.30 lakh, added 85,581 new households on PNG ➢ Industrial & Commercial connections increased to 8,781 added 760 new consumers ➢ Completed ~ 20,817 Inch Km of Steel Pipe
Slide 4: Standalone Operational and Financial Highlights
Geographical Areas,” said Mr. Suresh P Manglani, ED & CEO of Adani Total Gas. “With our consumer centricity approach, apart from e-mobility and biomass (CBG) we are now also embarking upon LNG for Transport & Mining (LTM). ATGL will provide decarbonizing solutions for various entities and help in re
Slide 5: About Adani Total Gas
About Adani Total Gas Given its gas distribution, ATGL is authorised in 33 Geographical Areas and plays a significant role in the nation’s efforts to enhance the share of natural gas in its energy mix. Of the 52 GAs, 33 are owned by ATGL and the balance 19 GAs are owned by Indian Oil-Adani Gas Priva
Slide 6: Adani Total Gas Limited 9M & Q3FY24
Adani Total Gas Limited CGD | e-Mobility | Biomass 9M & Q3FY24 Earnings Presentation
Slide 7: Contents
Contents Safety First at ATGL 01 ATGL Promoters Profile a Adani Group b TOTAL Group 02 About Adani Total Gas Ltd (ATGL) 03 New Businesses Operational and Financial Performance – 04 9M & Q3 FY24 05 Sustainability Update 06 Investment Rationale Annexure
Slide 8: Health & Safety: A Precondition to Work in ATGL
Health & Safety : A Precondition to Work in ATGL Ensures Zero Fatality through robust safety measures & programs Safety Awareness Risk Management Culture Approach Safety Strategy Sync to Incident Management Business Strategy Personal Safety Safety Audits Asset Integrity & Process Safety Reliability
Slide 9: About Adani Group
01a About Adani Group
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 (72.6%) (56.4%) (73.2%) (65.9%) (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 6 Growth 4x 6 EBITDA 70% 1,2 EBITDA 92% 1,4 AEL APSEZ Growth 3x 6 Growth 1.4x 6 AGEL ATGL Adani’s Core Infra. Platfo
Slide 12: Adani Portfolio: Repeatable, robust & proven model of investment
Adani Portfolio: Repeatable, robust & proven transformative model of investment Phase Development Operations Post Operations Center of Excellence Project Management & Assurance Group AIMSL1 Policy -Strategy - Risk Origination Site Development Construction Operation Capital Mgmt Activity • Analysis &
Slide 13: About Total Group
01b About Total Group
Slide 14: A Broad Energy Company
A Broad Energy Company • TotalEnergies is a broad energy company committed to providing energy that is ever more affordable, clean, reliable and accessible to as many people as possible. • More energy, fewer emissions: that is the dual challenge we must meet with our customers, stakeholders and soci
Slide 15: Strengths and Key Figures
Strengths We are present across the entire 100,000+ people representing 160 nationalities We are active in more than 130 value chain, from production to and 740+ professions countries distribution A diversity which is decisive for our competitiveness and attractiveness $36.2bn More than in adjusted
Slide 16: About Adani Total Gas Limited
02 About Adani Total Gas Limited
Slide 17: ATGL: Diversified Energy Platform
ATGL : Diversified Energy Platform Business Structure ATGL Presence CGD 37.4% Adani Total 37.4% 52* 124 Gas GAs Districts Covered 14 % 15 % Population Area covered# Core CGD Business 100% CGD Business (33 Licences) New Sustainable JV & Businesses Investments Bio 50% 2 Plants Under 50% Construction A
Slide 18: CGD: Stable Regulatory Framework
CGD : Stable Regulatory Framework CGD Business includes creating City Gas POST AUTHORIZATION - CGD ENTITY Distribution Network and provide natural gas to Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) segments CGD Infrastructure Network includes CNG Creation of City Gas Distribution Networ
Slide 19: ATGL: Gas Sourcing and Pricing Mechanism
ATGL : Gas Sourcing and Pricing Mechanism To promote adoption of city-gas networks, Gas allocation / supply to the CGD system placed under the no cut category, consequently giving CGD highest priority than other sectors Priority Sectors for Gas allocation (in order of priority) 1 City Gas Distributi
Slide 20: ATGL's Offerings
Consumer Segments – Core , Sticky & Sustainable ✓ 24X7 continuous supply ✓ Regular Safety Checks ATGL’s ✓ Quick Service ✓ Safe, clean and green supply chain Offerings ✓ Response to Customers MSME Commercial CNG Domestic Penetration is fast but the Penetration is gradual along Large savings against G
Slide 21: My Adani Gas App: Digitalization for Consumers
0 My Adani Gas App : 360 Digitalization for Consumers New PNG Connection Share of Digital Payment in all Consumer Transactions (%) Name Transfer e-KYC 95% 97% 98% Faster Response 92% After Sales Service Time 82% Complaint Meter Reading Registration Submission 50% Status of Chatbot Application FY19 F
Slide 22: SOUL – Automation, Digitalization and Innovation
SOUL – Automation, Digitalization and Innovation , way of Life at ATGL Platform for Emergency Response Standardization of Management Systems and Processes GIS SCADA VTS Key Operations Solar Monitoring Asset Life cycle Management Digital Platform Gas Balancing for all ATGL Operations Customer Delight
Slide 23: New Businesses
adani Gas New Businesses
Slide 24: Adani TotalEnergies E-Mobility Limited (ATEL)
Adani TotalEnergies E-Mobility Limited (ATEL) Key Strategic Partnerships Strategy & Focus Network Portfolio E-charging solutions (As on 31-Dec-2023) at Educational e-buses at Airport Institutes Airside Plan to set up over 3000 329 Charge Points charging points with a Mix of B2B and B2C Segment 10 St
Slide 25: Adani TotalEnergies Biomass Limited (ATBL)
Adani TotalEnergies Biomass Limited (ATBL) • ATEBL will be focusing on tapping the huge potential on Compressed Bio-gas and generation of organic Fertilizer across various location in India • ATEBL to focus on MSW and Non-MSW segment and develop Plants with best of suitable technologies , Target to
Slide 26: Operational and Financial Performance – 9M & Q3FY24
04 ATGL – Operational and Financial Performance – 9M & Q3FY24
Slide 27: Operational and Financial Highlights – 9MFY24
Operational and Financial Highlights –9MFY24 – Y-o-Y CGD - Operational Highlights ➢ CNG Stations increased to 505, Added 45 CNG stations, with 100 being CODO/DODO stations ➢ Steel pipeline network increased to ~ 11,712 inch-km ➢ 7.79 Lakh PNG Home Connection, ~74,501 homes connected to PNG ➢ PNG Com
Slide 28: Infrastructure Update: As on 31 December 2023
Infrastructure Update : As on 31 December 2023 CNG Stations Steel Network in Inch-Km 505 11712 11448 483 22 New CNG ~ 264 Inch –Km stations added pipeline was laid in in Q3FY24 , 45 Q3FY24, CNG Stations ~824 Inch-km in in 9MFY24 9MFY24 30-Sep-23 31-Dec-23 30-Sep-23 31-Dec-23 Break up of CNG Stations
Slide 29: Volume & Gas Sourcing – 9MFY24
Volume & Gas Sourcing – 9MFY24 - Y-o-Y Volume in MMSCM Gas Sourcing Update CNG PNG 408 222 225 338 21% 1% • • ATGL procured HPHT volumes (Domestic Gas) of ~0.35 MMSCMD for a period of 4 years • HPHT price has reduced significantly to $9.96/MMBTU w.e.f. 1st October 2023 9MFY23 9MFY24 9MFY23 9MFY24 •
Slide 30: Key Financials – 9MFY24 Y-o-Y
Key Financials –9MFY24 - Y-o-Y All Fig in INR Crs Revenue From Operations EBITDA 3486 3556 846 702 20% Y-o-Y Comparison 2% ➢ Although the overall volume has increased by 13% Y-o-Y, Revenue from operations has increased by 2% due to reduction in gas cost especially APM gas as ATGL passed on the 9MFY2
Slide 31: Volume & Financials – Q3FY24 Y-o-Y
Volume & Financials –Q3FY24 - Y-o-Y Volume in MMSCM Revenue From Operations EBITDA All Fig in INR Crs CNG 144 1243 1186 301 116 24% 238 5% 26% Q3FY23 Q3FY24 Q3FY23 Q3FY24 Q3FY23 Q3FY24 CNG Volume has increased by 24% Y-o-Y on account of reduction in CNG prices along with network expansion of CNG sta
Slide 32: ESG Framework & Sustainability Update – 9MFY24
05 ESG Framework & Sustainability Update – 9MFY24
Slide 33: ATGL – Embarking towards Robust ESG Framework
ATGL -Embarking towards Robust ESG Framework United Nations Sustainable GRI Standards Global Compact Development Goals Guiding principles Guiding TCFD SBTi CDP disclosure Policies principle Policy Driven Governance Focus Areas (UNSDG) • Environment Policy • GHG emission reduction E • Environment Man
Slide 34: ESG Highlights
ESG Highlights Targets Key ESG Initiatives/Achievements UN SDGs Plant 2.7 Lakhs+ Trees, 120 school sessions/ year 1000+ Km of Methane 900 KWp Solar 1042 Km covered 4500 Students leak detection survey Installed for methane leak trained under detection & Greenmosphere Repair program 1.5 Mw of Solar by
Slide 35: ATGL: Strong Governance Structure
ATGL : Strong Governance Structure Board of Directors Board Committees Statutory Committees Non- Statutory Committees Nomination & Stakeholders Corporate Responsibility Public Consumer Information Technology & Audit Committee Remuneration Committee Relationship Committee Committee Committee Data Sec
Slide 36: Rationale for Investment
adani Gas Rationale for Investment
Slide 37: ATGL: Strong Growth with Financial Discipline
ATGL : Strong Growth with Financial Discipline All Fig in INR Crs except ratios Gross Debt to Net Fixed Assets Net Fixed Assets EBITDA 907 3906 INR 2936 Crs of 19% Assets Addition 374 0.32 0.35 970 FY18 FY23 FY18 FY23 FY18 FY23 PAT Gross Debt Net Debt to EBITDA 530 1372 1.11 INR 1062 Crs of 0.77 25%
Slide 38: ATGL: Well positioned for industry leading growth
ATGL: Well positioned for industry leading growth Pan India presence Strong Promoters Infrastructure Growth 52 Geographical Areas Adani & Total Energies2 (37.4% each) Commissioned 19 GAs GAs spread pan India across 124 Provides significant synergies in both 18+ years of experience Development distri
Slide 39: Our path of Growth with Goodness
0 Our path of Growth with Goodness – 360 Adani Total Gas : One of the Largest CGD player poised to leverage growth opportunity The Ten-Fold Approach will Strengthen the Company’s preparedness to address opportunities with de-risked speed Building a Better Tomorrow through Expanding our Horizons to p
Slide 40: Annexure
adani Gas Annexure
Slide 41: Infrastructure Update incl. JV – IOAGPL
Infrastructure Update - incl. JV – IOAGPL : As on 31 Dec 2023 CNG Stations Steel Network in Inch-Km 835 20817 785 20135 50 New CNG ~ 682 Inch –Km stations added pipeline was laid in Q3FY24 in Q3FY24 30-Sep-23 31-Dec-23 30-Sep-23 31-Dec-23 PNG Connections No of Households (Lakhs) No of Industrial Con
Slide 42: Income Statement Summary – Standalone
ATGL Key Financials : Income Statement Summary – Standalone (INR Cr) Quarter Ended Nine Months Ended Year Ended Particulars 31-Dec-23 30-Sep-23 31-Dec-22 31-Dec-23 31-Dec-22 31-Mar-23 Revenue from Operations 1243 1178 1186 3556 3486 4683 Cost of good sold 824 775 856 2391 2501 3392 Operating & other
Slide 43: Income Statement Summary – Consolidated
ATGL Key Financials : Income Statement Summary – Consolidated (INR Cr) Quarter Ended Nine Months Ended Year ended Particulars 31-Dec-23 30-Sep-23 31-Dec-22 31-Dec-23 31-Dec-22 31-Mar-23 Revenue from Operations 1244 1179 1186 3558 3486 4683 Cost of goods sold 824 775 856 2392 2501 3392 Operating & ot
Slide 44: ATGL: List of Location
ATGL : List of Location ATGL GAs IOAGPL GAs S.No. Geographical Area State S.No. Geographical Area State 1 Ahmedabad City and Daskroi Area Gujarat Panchkula (EAAA), Sirmaur Districts, Shimla & Solan (EAAA) 1 Haryana 2 Vadodara (part) Gujarat District 3 Surendranagar (EAAA) Gujarat 2 Chandigarh Chandi
Slide 45: Legal Disclaimer
Legal Disclaimer Certain statements made in this presentation may not be based on historical ATGL assumes no responsibility to publicly amend, modify or revise any forward- information or facts and may be “forward-looking statements,” including those looking statements, on the basis of any subsequen
Slide 46: Thank You
THANK YlewU