Adani Ports & Special Economic Zone Ltd · NSE:ADANIPORTS

Adani Ports & Special Economic Zone — Q3 FY24 Earnings Presentation

78 slides from Adani Ports & Special Economic Zone's earnings presentation, Feb 1, 2024

  1. Slide 1: Submission of Media Release and Investor Presentation cover letter

    Ref No: APSEZL/SECT/2023-24/112 February 1, 2024 BSE Limited National Stock Exchange of India Limited Floor 25, P J Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Mumbai – 400 001 Bandra (E), Mumbai – 400 051 Scrip Code: 532921 Scrip Code: ADANIPORTS Sub: Submission of Media Release and

  2. Slide 2: Kamlesh Digitally Bhagia 13:10:29 +05'30'

    Yours faithfully, For Adani Ports and Special Economic Zone Limited Kamlesh Digitally signed by Kamlesh Bhagia Bhagia 13:10:29 +05'30' Date: 2024.02.01 Kamlesh Bhagia Company Secretary CC: India International Exchange (IFSC) Limited Singapore Exchange Limited (India INX) SGX Centre Office Gujarat In

  3. Slide 3: APSEZ Q3 FY24 PAT jumps 65% Y-o-Y

    Annexure - A Media Release APSEZ Q3 FY24 PAT jumps 65% Y-o-Y EBITDA grows 59% to Rs 4,293 Cr & Leverage at 2.5x Net Debt to EBITDA  Volume grew 44% Y-o-Y to 108.6 MMT  Revenue grew by 45% Y-o-Y to Rs 6,920 Cr  EBITDA jumps 59% Y-o-Y to Rs 4,293 Cr  PAT increased by 65% Y-o-Y to Rs 2,208 Cr  Net

  4. Slide 4: Operational, Financial and Business Highlights

    Operational Highlights  APSEZ achieved its highest-ever quarterly cargo volume of 108.6 MMT  Mundra, our flagship port, recorded highest-ever monthly volume at any Indian port in Oct’23 & AICTPL (CT-3) recorded India’s highest monthly container volume in Nov’23  APSEZ achieved a key milestone of

  5. Slide 5: ESG Targets and Performance; Awards and Accolades

    ESG Targets and Performance  APSEZ is targeting Net Zero by 2040. During 9M FY24, the company improved its energy intensity by 4% and completed mangrove afforestation of 227 hectares. The company is on track to add 1,000 MW of new renewable capacity in 2024. FY25 9M Indicator Target FY24 Energy & E

  6. Slide 6: About Adani Ports & Special Economic Zone Ltd

    About Adani Ports & Special Economic Zone Ltd Adani Ports and Special Economic Zone Ltd (APSEZ), a part of the globally diversified Adani Group, has evolved from a port company to an Integrated Transport Utility providing an end- to-end solution from its port gate to customer gate. It is the largest

  7. Slide 7: Operational & Financial Highlights – Q3 & 9M FY24

    Annexure - B Operational & Financial Highlights – Q3 & 9M FY24 Adani Ports and SEZ Ltd.

  8. Slide 8: Table of Contents

    Table of Contents A Adani Portfolio Overview B APSEZ Company Profile C Market Leadership D Strategic, and Operational Highlights 9M FY24 E Financial Highlights Q3 & 9M FY24 F ESG Highlights G Annexures 2

  9. Slide 9: Group Profile

    A Group Profile STRICTLY CONFIDENTIAL

  10. 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

  11. 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

  12. Slide 12: Adani Portfolio: Repeatable, robust & proven transformative 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 &

  13. Slide 13: APSEZ: Company Profile

    B APSEZ: Company Profile STRICTLY CONFIDENTIAL

  14. Slide 14: APSEZ: Transformational Business Model

    APSEZ: Transformational Business Model Ports SEZ Logistics • National footprint with 14 ports • Large scale ‘ready to setup’ industrial • Largest integrated logistics player in across country’s coastline, & 4 ports land (SEZ) India Development outside India • Land Bank of 16,500 ha. at Mundra, • Rai

  15. Slide 15: A transport utility with string of ports and integrated logistics network

    APSEZ: A transport utility with string of ports and integrated logistics network Moga Dahej Kanech Kotkapura Kilaraipur Kaithal Panipat One to fourteen in Tauru Dhamora two decades Tuna Patli & Palwal Kannauj Samastipur & Kishangarh Loni Darbhanga Mundra Patna Katihar Virochannagar Vidisha | Harda H

  16. Slide 16: India's largest private port player, building global presence

    APSEZ: India’s largest private port player, building global presence West Coast East Coast Capacity Capacity ~355 MMT ~252 MMT Haifa Port Abbot Dahej Point 16 MMT Tuna 14 MMT Mundra 264 MMT ^Haldia 4 MMT Dar es Salaam Port Dhamra Hazira 50 MMT 30 MMT Dighi Gangavaram Container Terminals 8 MMT 64 MMT

  17. Slide 17: SEZ business supporting industry growth in backyard of the ports

    APSEZ: SEZ business supporting industry growth in backyard of the ports Dhamra Industrial Zone Land Bank: 2,000+ Ha India’s largest SEZ at Mundra Mundra Land Bank 12,500+ Ha Dhamra Krishnapatnam Industrial Zone Krishnapatnam Land Bank: ~2,000+ Ha All land figures are approx. and include Port, SEZ an

  18. Slide 18: Logistics to provide growth impetus & help reaching customer's gate

    APSEZ: Logistics to provide growth impetus & help reaching customer's gate Trains MMLPs Grain Silos Ware-housing Rail Tracks Marine Flotila* Assets 58 5 0.88 0.4 mn 540 26 FY20 Trains MMLP MMT Sq. ft. KMs 116 11 1.1 2.4 mn 620 9M FY24 KMs 111 Trains MMLP MMT Sq. ft. 1.7X 1.4X 2.3X 25X 3X 1.1X 200+Tr

  19. Slide 19: Market leadership

    C Market leadership STRICTLY CONFIDENTIAL

  20. Slide 20: Changing the landscape of India's port sector

    APSEZ: Changing the landscape of India’s port sector Average Turnaround Time (days) for Ships 3.5 3.0 2.5 2.0 1.5 1.0 0.5 - FY18 FY19 FY20 FY21 FY22 FY23* Major Ports APSEZ • APSEZ has been driving transformation of India’s port sector by establishing new operational benchmarks; currently, our avera

  21. Slide 21: Geographical & cargo diversification

    APSEZ: Geographical & cargo diversification Growing share of non Mundra Cargo Domestic Cargo Diversification 11% 34% 302 56% Non Mundra ports MMT volume CAGR 34% 89% from FY14 66% 44% 208 MMT 36% FY14 FY19 9M FY24 Mundra Non-Mundra 113 MMT East Coast – West Coast Parity 32% 15% 43% FY14 FY19 9M FY24

  22. Slide 22: Strategic partnerships & proximity to customers

    APSEZ: Strategic partnerships & proximity to customers Strategic Partnerships Sticky Cargo Share Year Company Name Partner & Stake Adani International MSC 2011 Container (50%) Terminal Pvt Ltd 337 312 302 Adani CMA Mundra CMA-CGM 2014 Terminal 54% 54% (50%) Pvt Ltd 49% Dhamra LNG Terminal Total Ener

  23. Slide 23: High quality assets

    APSEZ: High quality assets Top 10 ports of India include Mundra & Key characteristics of Mundra & Krishnapatnam Krishnapatnam FY05 FY13 FY23 9M FY24 • Mundra & Krishnapatnam are some of the Vizag Kandla Mundra Mundra deep draft water ports (17-18m depth) in the Chennai Mundra Kandla Paradip APSEZ po

  24. Slide 24: Long term growth way ahead of the industry

    APSEZ: Long term growth way ahead of the industry All India Cargo Throughput All India and APSEZ Domestic Cargo Volumes 1,600 1,515 1,500 Cargo Volumes (MMT) 1,400 1,500 1,300 1,208 1,200 1,350 1,100 1,200 1,000 934 1,050 900 900 FY13 FY18 FY24E 750 All India Cargo (MMT) 600 450 >390 400 300 300 150

  25. Slide 25: Strong cashflow generation

    APSEZ: Strong cashflow generation Revenue from operations (Rs Cr) EBITDA (Rs Cr) Net Cash Generated from Operations (Rs Cr) 25,000 14,000 12,833 14,000 20,852 11,933 12,000 12,000 20,000 10,000 10,000 15,000 8,000 7,145 8,000 11,323 5,608 10,000 6,000 6,000 4,000 4,000 5,000 3,577 2,383 2,000 2,000

  26. Slide 26: EBITDA margin expansion across both ports and logistics business

    APSEZ: EBITDA margin expansion across both ports and logistics business Ports EBITDA (Rs Cr) Logistics EBITDA (Rs Cr) 14,000 600 12,039 12,000 487 500 10,000 400 8,000 6,000 5,144 300 4,000 200 1,865 76 2,000 100 - - FY13 FY18 FY23 FY18 FY23 Ports EBITDA Margin % Logistics EBITDA Margin % 70% 30% 28

  27. Slide 27: Strategic, and Operational Highlights 9M FY24

    D Strategic, and Operational Highlights 9M FY24 STRICTLY CONFIDENTIAL

  28. Slide 28: Strategic Highlights – 9M FY24 (Ports)

    APSEZ: Strategic Highlights – 9M FY24 Ports • APSEZ concluded acquisition of Karaikal Port, and sale of Myanmar asset • Established a joint venture (JV) with MSC for Ennore Container Terminal by divesting 49% stake for an equity consideration of Rs 247 Cr • Dhamra LNG Terminal (a JV of APSEZ and TOT

  29. Slide 29: Strategic Highlights – 9M FY24 (Logistics)

    APSEZ: Strategic Highlights – 9M FY24 Logistics • Rakes: • Total rakes count increased to 116 (Container: 55, GPWIS: 51, Agri: 7, AFTO: 3) • Order placed for another 15 rakes (Container: 12, GPWIS: 3) • MMLPs: • MMLP count increases to 11 with the addition of Loni ICD and Valvada ICD • Virochannagar

  30. Slide 30: Operational Highlights – 9M FY24

    APSEZ: Operational Highlights – 9M FY24 Ports • Overall, cargo volumes recorded a healthy 23% YoY growth to 311 MMT, with • Dry cargo volumes growing by 25%, container cargo by 23% and liquid & gas by 20%. • Nine of our domestic ports recording their highest ever cargo volumes • Achieved a key miles

  31. Slide 31: New operational milestones during 9M FY24

    APSEZ: New operational milestones during 9M FY24 • Mundra Port berthed one of the largest ships ever – MV MSC Hamburg, 399 m long and 54 m wide, with a carrying capacity of 15,908 TEUs and a current reported draught of 12 m. • Krishnapatnam Port berthed the largest vessel with dimensions 335.94 LOA

  32. Slide 32: New services and cargo types introduced during 9M FY24

    APSEZ: New services and cargo types introduced during 9M FY24 • Kattupalli Port successfully added Gold Star Line (GSL), a new fortnightly direct service connecting Kattupalli to Vietnam. It also welcomed maiden voyage of FIM service vessel and the first vessel of IEX service. • Ennore Container Ter

  33. Slide 33: Key awards reflecting operational excellence

    APSEZ: Key awards reflecting operational excellence • APSEZ recognized amongst the top 50 Indian companies on sustainability by the Business World • APSEZ won the ‘Non-Major Port of the Year’ award at the "Maritime and Logistics Awards 2023" held in Mumbai • Mundra Port secures a prestigious accolad

  34. Slide 34: Robust growth coupled with diversification – Q3 FY24

    APSEZ: Robust growth coupled with diversification – Q3 FY24 (YoY) Q3 FY23 Q3 FY24 APSEZ Cargo volume 44% 75.43 108.62 East Coast Volume* Non Mundra Volume* Total MMT MMT 40% 58% 75.43 105.86 46% Domestic MMT MMT 28.50 44.93 39.84 58.11 MMT MMT MMT MMT International 2.75 - MMT APSEZ Container volume

  35. Slide 35: Robust growth coupled with diversification – 9M FY24

    APSEZ: Robust growth coupled with diversification – 9M FY24 (YoY) 9M FY23 9M FY24 APSEZ Cargo volume 23% 252.90 311.20 East Coast Volume* Non Mundra Volume* Total MMT MMT 19% 31% 252.90 302.11 24% Domestic MMT MMT 98.16 128.53 135.93 168.40 MMT MMT MMT MMT International 9.09 - MMT APSEZ Container vo

  36. Slide 36: Concentration risk mitigation continues – 9M FY24

    APSEZ: Concentration risk mitigation continues – 9M FY24 39% 43% 39% 41% East Coast vs West Coast Share* 61% 57% 61% 59% 9M FY23 9M FY24 9M FY23 9M FY24 APSEZ All India West Coast East Coast 9M FY24 9M FY23 44% 46% Mundra vs Non Mundra Share* 54% 56% Mundra Non-Mundra Mundra Non-Mundra 30 * The data

  37. Slide 37: Diversifying cargo portfolio

    APSEZ: Diversifying cargo portfolio 41% 43% 41% 41% 38% 38% 37% 37% 37% 36% 36% 33% 33% 32% 33% 32% 17% 13% 13% 13% 16% 12% 15% 12% 13% 11% 11% 11% 8% 9% 7% 6% 3% 3% 2% 3% 3% 3% 2% 3% 1% 1% 2% 0% 0% FY17 FY18 FY19 FY20 FY21 FY22 FY23 9M FY24 Dry (Thermal & Coking Coal) Dry (Other than Coal) Liquid (

  38. Slide 38: Growth through existing ports and new additions – Q3 FY24

    APSEZ: Growth through existing ports and new additions – Q3 FY24 • Growth at Mundra was driven primarily by dry cargo, followed by containers and crude • Growth at Dhamra was driven by dry cargo (mainly minerals), and crude+gas cargo • Growth at Krishnapatnam and Gangavaram was driven by dry cargo •

  39. Slide 39: Growth through existing ports and new additions – 9M FY24

    APSEZ: Growth through existing ports and new additions – 9M FY24 • Growth at Mundra was driven by container cargo, followed by dry cargo and crude • Growth at Krishnapatnam was driven by dry cargo, followed by liquid and container • Growth at Dhamra was driven by minerals and crude+gas cargo • Growt

  40. Slide 40: Dry bulk and container cargo drives growth – Q3 FY24

    APSEZ: Dry bulk and container cargo drives growth – Q3 FY24 • Growth primarily driven by containers, minerals, crude+gas, and coal • Stable volumes for fertilizers, agri, other dry and RoRo cargo categories • Decline seen in other liquid category 34

  41. Slide 41: Dry bulk and container cargo drives growth – 9M FY24

    APSEZ: Dry bulk and container cargo drives growth – 9M FY24 • Growth primarily driven by containers, minerals, crude+gas, and coal cargo • Stable volumes in fertilizers, other dry, other liquid and RoRo cargo categories • Decline seen in agri cargo 35

  42. Slide 42: Financial Highlights Q3 & 9M FY24

    E Financial Highlights Q3 & 9M FY24 STRICTLY CONFIDENTIAL

  43. Slide 43: Financial performance – Q3 FY24

    APSEZ: Financial performance – Q3 FY24 (in INR Cr) Q3 FY23 Q3 FY24 Particulars Revenue EBITDA^ PAT Revenue EBITDA^ PAT APSEZ Consolidated 4,786 3,011 1,337 6,920 4,186 2,208 JVs AICTPL (CT-3), JV with MSC 359 206 60 491 261 184 ACMTPL (CT-4), JV with CMA-CGM 189 111 29 243 145 72 IAVL, JV with India

  44. Slide 44: Financial performance – 9M FY24

    APSEZ: Financial performance – 9M FY24 (in INR Cr) 9M FY23 9M FY24 Particulars Revenue EBITDA^ PAT Revenue EBITDA^ PAT APSEZ Consolidated 15,055 9,562 4,252 19,814 11,820 6,089** JVs AICTPL (CT-3), JV with MSC 1,115 582 85 1,418 755 501 ACMTPL (CT-4), JV with CMA-CGM 556 321 41 679 398 177 IAVL, JV

  45. Slide 45: Key segment wise Operating revenue & EBITDA – Q3 FY24

    APSEZ: Key segment wise Operating revenue & EBITDA – Q3 FY24 (YoY, in INR Cr) Ports Logistics 5,535 529 70% 71% 490 29% 28% 3,936 3,944 2,737 142 146 Q3 FY 23 Q3 FY 24 Q3 FY 23 Q3 FY 24 Revenue EBIDTA EBIDTA (%) Revenue EBIDTA EBIDTA (%) SEZ & Port Development International Ports 169 120% 812 100% 1

  46. Slide 46: Key segment wise Operating revenue & EBITDA – 9M FY24

    APSEZ: Key segment wise Operating revenue & EBITDA – 9M FY24 (YoY, in INR Cr) Ports Logistics 15,498 1,519 70% 72% 1,211 29% 29% 12,903 11,092 8,973 435 354 9M FY23 9M FY24 9M FY23 9M FY24 Revenue EBIDTA EBIDTA (%) Revenue EBIDTA EBIDTA (%) SEZ & Port Development International Ports 380 2,378 48% 36

  47. Slide 47: Debt Ratios

    APSEZ: Debt Ratios (YoY, in INR Cr) Gross Debt, Net Debt & Average Maturity Rating Ratios* 7.0 49,819 45,453 46,649 29% 6.0 39,989 25% 25% 5.5 37,907 23% 24% 34,401 22% 5.0 21% 31,666 18% 6.0 28,472 5.7 5.1 4.5 FY21 FY22 FY23 9M FY24 Mar'21 Mar'22 Mar'23 Dec'23 FFO / Gross Debt (13% - 15%) FFO / Net

  48. Slide 48: Debt Maturity Profile as on 31st Dec'23

    APSEZ: Debt Maturity Profile as on 31st Dec’23 10,490 12,000 10,000 6,222 6,241 8,000 4,072 6,000 4,161 3,745 2,496 2,381 4,000 1,661 1,500 1,508 1,341 2,000 563 278 89 - - - 0 Q4 FY24 FY 24-25 FY 25-26 FY 27-28 FY 29-30 FY 30-31 FY 31-32 FY 41-42 FY 26-27 Foreign Debt Rupee Debt (in Rs Cr) (in Rs C

  49. Slide 49: Port wise returns

    APSEZ: Port wise returns 33% 28% 23% 23% 20% 20% 19%19% 16% 17% 16% 16% 14% 13% 13% 12% 12% 11%11% 11%12% 9% Terminals 6% 6% 6% 6% 4% 3% 2% 0% Mundra Hazira Dahej Dhamra Kattupalli Krishnapatnam Gangavaram OSL Logistics APSEZ -2% ROCE FY22 ROCE FY23 ROCE H1 FY24 • ROCE improving at matured ports wit

  50. Slide 50: FY24 Guidance

    APSEZ: FY24 Guidance FY24 Guidance Cargo ~400 MMT Revenue ~Rs 25,000 Cr EBITDA ~Rs 15,000 Cr Net Debt to EBITDA ~2.5x 44

  51. Slide 51: ESG Highlights

    F ESG Highlights STRICTLY CONFIDENTIAL

  52. Slide 52: Key ESG performance highlights

    APSEZ: Key ESG performance highlights Indicator FY25 Target 9M FY24 Energy & Emission RE share in total electricity# 100% 14% Energy intensity reduction* 50% 50% Emission intensity reduction* 60% 51% Water and Waste Water consumption intensity reduction* 60% 59% Zero waste to landfill 12 Ports 6 Por

  53. Slide 53: ESG Ratings

    APSEZ: ESG Ratings ▪ Ranked in the 96 percentile in the Transportation and Transportation Infrastructure out of 323 companies assessed ▪ Achieved the highest score of 90/100 on the Environmental pillar amongst the 323 companies assessed ▪ Full score obtained in the Transparency & Reporting, Environm

  54. Slide 54: Annexures

    G Annexures STRICTLY CONFIDENTIAL

  55. Slide 55: Port wise cargo and financial details

    Port wise cargo and financial details STRICTLY CONFIDENTIAL

  56. Slide 56: Mundra port - volume and financials Q3 FY24

    APSEZ: Mundra port - volume and financials Q3 FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin 34%  Q3 FY24 1,887 66% Q3 FY23 6.1 5.4 7.0 12.1 1,378 1,244 915 35.6 47.8 28.6 24.0 Dry Container Liquid (Inc Crude) Dry Container Liquid (Inc Crude) Revenue EBITDA Q3 FY23 Q3 FY24 • Volu

  57. Slide 57: Mundra port - volume and financials 9M FY24

    APSEZ: Mundra port - volume and financials 9M FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin 14% 9M FY24 67% 9M FY23 4,843 19.5 24.2 22.4 29.0 3,853 3,228 2,481 117.0 133.7 73.1 82.2 Revenue EBITDA Dry Container Liquid (Inc Crude) Dry Container Liquid (Inc Crude) 9M FY23 9M FY24

  58. Slide 58: Krishnapatnam port - volume and financials Q3 FY24

    APSEZ: Krishnapatnam port - volume and financials Q3 FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA Port EBITDA Margin 65% Q3 FY23 38%  Q3 FY24 745 0.6 0.4 0.4 0.6 482 485 10.3 14.2 315 9.2 13.2 Dry Container Liquid Dry Container Liquid Revenue EBITDA Q3 FY23 Q3 FY24 • Increase in dry and liqu

  59. Slide 59: Krishnapatnam port - volume and financials 9M FY24

    APSEZ: Krishnapatnam port - volume and financials 9M FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA Port EBITDA Margin 70% 9M FY23 23%  9M FY24 2,251 1.1 1.0 1.6 1.7 1,680 1,584 1,128 35.4 43.6 33.2 40.3 Dry Container Liquid Dry Container Liquid Revenue EBITDA 9M FY23 9M FY24 • Increase in car

  60. Slide 60: Dhamra port - volume and financials Q3 FY24

    APSEZ: Dhamra port - volume and financials Q3 FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin 62%  562 66% Q3 FY23 Q3 FY24 0.3 0.9 360 372 237 7.0 11.3 6.7 10.4 Dry Others Dry Others Revenue EBITDA Q3 FY23 Q3 FY24 • Cargo volumes increased Y-o-Y across minerals, and crude+gas • Re

  61. Slide 61: Dhamra port - volume and financials 9M FY24

    APSEZ: Dhamra port - volume and financials 9M FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin 29%  1,488 64% 9M FY23 9M FY24 1,196 1.2 3.2 958 770 24.1 31.1 22.9 27.9 Dry Others Dry Others Revenue EBITDA 9M FY23 9M FY24 • Cargo volumes increased Y-o-Y across minerals, fertilizers

  62. Slide 62: Hazira port - volume and financials Q3 FY24

    APSEZ: Hazira port - volume and financials Q3 FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin Q3 FY23 1%  Q3 FY24 402 394 70% 1.1 1.4 291 274 2.3 2.5 6.2 6.2 2.3 2.9 Dry Container Liquid Dry Container Liquid Revenue EBITDA Q3 FY23 Q3 FY24 • Container volumes increased during the q

  63. Slide 63: Hazira port - volume and financials 9M FY24

    APSEZ: Hazira port - volume and financials 9M FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA 1,267 1,261 EBITDA Margin 9M FY23 6%  9M FY24 72% 3.3 3.7 933 910 8.0 8.9 20.3 19.1 6.5 9.0 Dry Container Liquid Dry Container Liquid Revenue EBITDA 9M FY23 9M FY24 • Container volumes increased during

  64. Slide 64: Dahej port - volume and financials Q3 FY24

    APSEZ: Dahej port - volume and financials Q3 FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA 169 EBITDA Margin Q3 FY23 33%  Q3 FY24 67% 0.5 120 0.6 113 2.1 2.8 74 1.5 2.3 Coal Other Dry Cargo Coal Other Dry Cargo Revenue EBITDA Q3 FY23 Q3 FY24 • Cargo volumes for coal and fertilizer cargo incre

  65. Slide 65: Dahej port - volume and financials 9M FY24

    APSEZ: Dahej port - volume and financials 9M FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA  EBITDA Margin 7% 484 68% 9M FY23 9M FY24 477 1.9 2.0 329 326 9.0 8.4 7.1 6.3 Coal Other Dry Cargo Coal Other Dry Cargo Revenue EBITDA 9M FY23 9M FY24 • Cargo volumes for coal and minerals cargo reduced

  66. Slide 66: Kattupalli port - volume and financials Q3 FY24

    APSEZ: Kattupalli port - volume and financials Q3 FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA 4%  EBITDA Margin 88 66% Q3 FY23 Q3 FY24 77 0.1 0.2 0.1 0.2 58 46 2.9 2.8 2.6 2.5 Dry Container Liquid Dry Container Liquid Revenue EBITDA Q3 FY23 Q3 FY24 • Container and minerals cargo volumes dec

  67. Slide 67: Kattupalli port - volume and financials 9M FY24

    APSEZ: Kattupalli port - volume and financials 9M FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA Flat Y-o-Y EBITDA Margin 9M FY23 9M FY24 245 64% 214 0.3 0.4 0.6 0.6 157 124 8.5 8.5 7.7 7.6 Dry Container Liquid Dry Container Liquid Revenue EBITDA 9M FY23 9M FY24 • Volumes were flat during 9M FY

  68. Slide 68: Terminals at major ports & Dighi - Q3 FY24

    APSEZ: Terminals at major ports & Dighi - volume & financials Q3 FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA 180 EBITDA Margin 57%  22% Q3 FY23 Q3 FY24 0.00 0.04 127 1.8 3.5 4.9 7.7 4.1 3.1 39 20 Dry Container Liquid Dry Container Liquid Revenue EBITDA Q3 FY23 Q3 FY24 • Volume increase is o

  69. Slide 69: Terminals at major ports & Dighi - 9M FY24

    APSEZ: Terminals at major ports & Dighi - volume & financials 9M FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin 24%  519 26% 9M FY23 9M FY24 431 0.03 0.08 6.3 8.5 16.0 19.8 11.2 118 134 9.6 Dry Container Liquid Dry Container Liquid Revenue EBITDA 9M FY23 9M FY24 • Volume increase

  70. Slide 70: Gangavaram port - volume & financials Q3 FY24

    APSEZ: Gangavaram port - volume & financials Q3 FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin Q3 FY23 44%  Q3 FY24 399 67% 306 266 2.3 3.3 6.5 9.4 186 4.2 6.1 Coal Other Coal Other Revenue EBITDA Q3 FY23 Q3 FY24 • Increase in mineral and coal volumes led to overall increase in c

  71. Slide 71: Gangavaram port - volume & financials 9M FY24

    APSEZ: Gangavaram port - volume & financials 9M FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin 9MFY23 15%  9M FY24 1,158 1,153 69% 8.4 795 10.2 755 23.8 27.5 15.3 17.3 Coal Other Coal Other Revenue EBITDA 9M FY23 9M FY24 • Increase in mineral and coal volumes led to overall incre

  72. Slide 72: Karaikal port - volume & financials Q3 FY24

    APSEZ: Karaikal port - volume & financials Q3 FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin Q3 FY24 74% 194 0.7 143 3.7 3.0 Coal Other Revenue EBITDA Q3 FY24 • Total Dry cargo volumes handled during the quarter was 3.7 MMT • The port achieved EBITDA margin of 74% during Q3 FY24 6

  73. Slide 73: Karaikal port - volume & financials 9M FY24

    APSEZ: Karaikal port - volume & financials 9M FY24 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin 9M FY24 476 70% 1.4 336 9.4 8.0 Coal Other Revenue EBITDA 9M FY24 • Total Dry cargo volumes held during 9M FY24 was 9.4 MMT • The port achieved EBITDA margin of 70% during 9M FY24 67

  74. Slide 74: Adani Logistics and Harbour services - financials Q3 FY24

    APSEZ: Adani Logistics and Harbour services- financials Q3 FY24 (YoY, in INR Cr) Logistics Harbour Services EBITDA Margin EBITDA Margin 87% 529 28% 708 490 615 591 509 142 146 Revenue EBITDA Revenue EBITDA Q3 FY23 Q3 FY24 Q3 FY23 Q3 FY24 • Logistics revenue increased on account of higher rail volume

  75. Slide 75: Adani Logistics and Harbour services - financials 9M FY24

    APSEZ: Adani Logistics and Harbour services- financials 9M FY24 (YoY, in INR Cr) Logistics Harbour Services EBITDA Margin 87% EBITDA Margin 1,519 29% 2,028 1,811 1,769 1,211 1,565 435 354 Revenue EBITDA Revenue EBITDA 9M FY23 9M FY24 9M FY23 9M FY24 • Logistics revenue increased on account of higher

  76. Slide 76: Consolidated financial performance – SEBI format

    APSEZ: Consolidated financial performance – SEBI format CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2023 (` in crore) Quarter Ended Nine Months Ended Year Ended Sr. December 31, September 30, December 31, December 31, December 31, March 31, Particulars

  77. Slide 77: Thank You

    Thank You Details Annexed in Linked File 1. Port-wise Cargo Volume Break up 9M FY24 2. Ports and Logistics Vertical Key Financial Performance 9M FY24 Please open the file in PDF reader and double click on the icon to open -

  78. Slide 78: Disclaimer

    Disclaimer 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 Ports and Special Economic Zone Limited (“APSEZL”),the future outlook and grow

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