Adani Enterprises Limited · NSE:ADANIENT
Adani Enterprises — Debt Investor Presentation (January 2026)
22 slides from Adani Enterprises's debt investor presentation, Jan 6, 2026
Slide 1: Adani Enterprises Limited Issue Schedule
Adani Enterprises Limited Issue Schedule Issue Opens on - Jan 6, 2026 Issue Closes on - Jan 19, 2026* *The Issue may close on such earlier date or extended date as may be decided by the Board of Directors or the Management Committee, subject to necessary approvals.
Slide 2: Disclaimer
Disclaimer The Issue shall remain open for subscription on Working Days from 10:00 A.M to 5:00 P.M (Indian Standard Time) during the period indicated above, except that the Issue may close on such earlier date or extended date (subject to a minimum period of two (2) working days and a maximum period
Slide 3: Disclaimer
Disclaimer DISCLAIMER STATEMENT OF Crisil Intelligence : Crisil Intelligence, a division of Crisil Limited, provides independent research, consulting, risk solutions, and data & analytics to its clients. Crisil Intelligence operates independently of Crisil’s other divisions and subsidiaries, includi
Slide 4: AEL – A Largest Business Incubator; Business & Operational Updates; Financial & ESG Highlights; NCD Issue Details
01 AEL – A Largest Business Incubator 02 Business & Operational Updates 03 Financial & ESG Highlights 04 NCD Issue Details
Slide 5: AEL – A Largest Business Incubator
01 AEL – A Largest Business Incubator STRICTLY CONFIDENTIAL
Slide 6: Adani Portfolio: A World Class Infrastructure & Utility Portfolio
Adani Portfolio: A World Class Infrastructure & Utility Portfolio Flagship Infrastructure & Utility Core Portfolio Primary Industry Other Incubator Materials, Metal Energy & Utility Transport & Logistics Specialty & Mining (73.97%) (62.43%) (74.96%) (65.89%) (67.64%)3 AEL AGEL APL APSEZ Ports & Logi
Slide 7: Adani Enterprises Limited ("AEL"): Incubation Model
Adani Enterprises Limited (“AEL”): Incubation Model Attractive Incubation Record Green Hydrogen Ecosystem Business Model Intend to set up integrated Proven incubation success record B2B Model manufacturing for generating low-cost Development green hydrogen ANIL Ecosystem, Data Center Year 2015 > APS
Slide 8: Adani Enterprises Limited ("AEL"): Incubation track record
Adani Enterprises Limited (“AEL”): Incubation track record AEL has a tremendous value creation track record Past Incubation Success Stories: Creating Cashflow Unicorns Performance since listing in 1994 Market Overview FY25 EBITDA Cap1 A shareholder of AEL in Nov 1994 holding 1 share Largest transpor
Slide 9: AEL 2.0: Current incubation portfolio with long term growth potential
AEL 2.0: Current incubation portfolio with long term growth potential AEL Business Portfolio* Infrastructure & Utility Core Portfolio Primary Industry Others Energy & Utility Transport & Logistics Services Metals Specialty New Industries (End to end Green H2 Airports Mining Services Copper, Aluminiu
Slide 10: Business & Operational Updates
02 Business & Operational Updates STRICTLY CONFIDENTIAL
Slide 11: AEL: Business Updates
AEL: Business Updates 4 GW 2 GW 3.7 GW 2.44 GW Solar Manufacturing Ingot and wafer Export Order Module Module sales Manufacturing plant Book in hand H1FY26 Sept-25 Adani New Industries 2.25 GW 4 Nos 300 MW 63 sets Wind Turbine Generators WTG Models External Order WTG supply Manufacturing Listed in R
Slide 12: AEL: Business Updates
AEL: Business Updates Greenfield ~23% 8 Airport 46.0 Mn Connecting India through a Serviced Airports consumer India’s total Operational Navi Mumbai Passenger passenger traffic Airports is now Movements in focussed offering operational H1FY26 New 949.3 Lkm 17 Nos 1 Project Projects Building Roads whi
Slide 13: Financial & ESG Highlights
03 Financial & ESG Highlights STRICTLY CONFIDENTIAL
Slide 14: AEL: Strong Consolidated financial performance in H1FY26 & FY25
AEL: Strong Consolidated financial performance in H1FY26 & FY25 Financial performance and value delivery to shareholders PAT attributable Income EBITDA Cash Accruals PBT Net Worth to Owners FY25 ₹1,00,365 cr ₹16,722 cr ₹7,968 cr ₹10,479 cr ₹7,112 Cr ₹56,470 cr H1’26 ₹44,281 cr ₹7,688 cr ₹3,223 cr ₹5
Slide 15: NCD Issue Details
04 NCD Issue Details STRICTLY CONFIDENTIAL
Slide 16: AEL: Key Features of the Issue
AEL : Key Features of the Issue Instruments • Secured, Rated, Listed, Redeemable, Non-convertible debentures Issue Size • Base Issue of up to ₹ 500 crore with an option to retain oversubscription up to ₹ 500 crore aggregating up to ₹ 1,000 crore • NCD’s with tenor options of 24 months, 36 months and
Slide 17: Specific Terms for Each Series of Secured NCDs
Specific Terms for Each Series of Secured NCDs Series I II III IV* V VI VII VIII Frequency of Interest Annual Cumulative Quarterly Annual Cumulative Quarterly Annual Cumulative Payment Tenor 24 Months 24 Months 36 Months 36 Months 36 Months 60 Months 60 Months 60 Months Coupon (% per annum) for NCD
Slide 18: Eligible Investors
Eligible Investors • Public financial institutions, scheduled commercial banks, and Indian multilateral and bilateral development financial institutions which are authorised to invest in the NCDs; • Provident funds and pension funds with minimum corpus of ₹ 25 crores, and superannuation funds and gr
Slide 19: Eligible Investors
Eligible Investors Category III • High Net-worth Individual Investors - Resident Indian individuals or Hindu undivided families through the Karta applying for an amount HNI aggregating to above ₹10,00,000 across all options of NCDs in the Issue. Investors Category IV • Resident Indian individuals or
Slide 20: Investor Category / Allocation Ratio
Investor Category / Allocation Ratio Base Total Allocation Type of Investor Category Issue Size Issue Size Ratio (₹ crore) (₹ crore) Institutional Investors Category I Investors 5% 25 50 Non-Institutional Investors Category II Investors 25% 125 250 High Net-worth Individual Investors Category III In
Slide 21: AEL: Intermediaries to the Issue
AEL : Intermediaries to the Issue Lead Managers to the Issue Nuvama Wealth Management Limited Trust Investment Advisors Private Limited Tipsons Consultancy Services Private Limited Registrar to the Issue MUFG Intime India Private Limited (formerly Link Intime India Private Limited) Debenture Trustee
Slide 22: Thank You
Thank You V20- credit metrices threshold change after Robbie sir’s comment
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