Adani Ports & Special Economic Zone Ltd · NSE:ADANIPORTS

Adani Ports & Special Economic Zone — H1 FY25 Earnings Presentation

76 slides from Adani Ports & Special Economic Zone's earnings presentation, Oct 29, 2024

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

    Ref No: APSEZL/SECT/2024-25/88 October 29, 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: Media Release: Earnings momentum continues for APSEZ

    Annexure - A Media Release Earnings momentum continues for APSEZ, H1 FY25 PAT up 42% YoY to Rs 5,520 Cr Reiterates cargo guidance, well positioned to hit the upper end of EBITDA guidance Highlights • Cargo volume grew 9% YoY to 220 MMT • EBITDA and PAT grew 21% and 42% YoY respectively • Completed t

  3. Slide 3: Operational, financial and business highlights

    Operational highlights • APSEZ clocked 220 MMT of cargo volume (up 9% YoY) in H1 FY25. The growth was primarily driven by Containers (up 19% YoY) • Mundra Port achieved a significant milestone by crossing 100 MMT mark in 181 days (101.1 MMT in H1) • Vizhinjam port docked the largest cargo ship ever

  4. Slide 4: ESG highlights

    ESG highlights • APSEZ scored 68 (out of 100) and was ranked in the 97th percentile within the Transportation & Transportation Infrastructure industry in the 2024 S&P Global Corporate Sustainability Assessment (scores as of 17th October). APSEZ secured full scores in Transparency & Reporting, Materi

  5. Slide 5: About Adani Ports & Special Economic Zone Ltd

    About Adani Ports & Special Economic Zone Ltd About Adani Ports and 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 end to-end solutions from its

  6. Slide 6: Operational & financial highlights – Q2 & H1 FY25

    Annexure - B Adani Ports and Special Economic Zone Ltd. Operational & financial highlights – Q2 & H1 FY25

  7. Slide 7: Table of contents

    Table of contents A Adani portfolio overview B Company profile C Investment summary C1 Debt profile C2 ESG & governance D Catalysts driving market leadership position E Strategic and operational highlights F Financial highlights G ESG highlights H Annexure 2

  8. Slide 8: A Group profile

    A Group profile STRICTLY CONFIDENTIAL

  9. Slide 9: World class infrastructure & utility portfolio

    A World class infrastructure & utility portfolio Flagship Infrastructure & Utility Core Portfolio Primary Industry Emerging B2C Materials, Metal Direct to Incubator Energy & Utility Transport & Logistics & Mining consumer (100%) (100%) (74.89%) (100%) (50.00%) (100%) (100%) ANIL AdaniConneX3 AAHL AR

  10. Slide 10: Decades long track record of industry best growth

    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 71% 1,2,3 EBITDA 92% 1,3,4 AEL APSEZ Growth 3x 6 Growth 1.4x 6 AGEL Adani’s Core Infra. Platform – ATGL EBITDA 9

  11. Slide 11: Repeatable, robust & proven transformative model of investment

    Repeatable, robust & proven transformative model of investment DEVELOPMENT OPERATIONS CONSUMERS 1 New C.E.O. Adani Infra (India) Limited (AIIL) Operations (AIMSL) Consumer I Employees I Other Stakeholders Origination Site Development Construction Operation Inspired Purpose & Value Creation ACTIVITY

  12. Slide 12: B Company profile

    B Company profile STRICTLY CONFIDENTIAL

  13. Slide 13: A transport utility with string of ports and integrated logistics network

    A transport utility with string of ports and integrated logistics network Movable assets Tugs – 114 Dredgers - 28 Trains – 132 Trucks – 936 E-ITVs – 338 OSVs - 26 Moga Dahej Kanech Kotkapura Kandla Kilaraipur Kaithal Panipat 1 to 15 in two (Tuna & Berth 13)# Tauru Dhamora decades Patli & Samastipur

  14. Slide 14: India's largest private port operator, building global presence

    India’s largest private port operator, building global presence West Coast East Coast Capacity Capacity ~361 MMT ~272 MMT Dahej 16 MMT Kandla (Tuna & Berth 13)# 20 Haifa Port MMT Mundra Ports in proximity 264 MMT to DFCs ^Haldia 4 MMT Colombo West Dhamra International Terminal Hazira 50 MMT 30 MMT G

  15. Slide 15: Land bank supporting industry cluster development

    Land bank supporting industry cluster development in port hinterland Dhamra: ~2,000+ Ha • Rail: 62.5 km longest electrified NGR Line in the country (electrified from Bhadrak / Ranital to DTY) and connects Howrah Chennai main rail link at Bhadrak and Ranital with ROB over NH 16 and ROR over main line

  16. Slide 16: Enabling end-to-end service (Port Gate <-> Customer Gate)

    Enabling end-to-end service (Port Gate <-> Customer Gate) Business Current Scale (Q2 FY25) Growth (FY29 F) Leading infra utility player 1.2X India’s leading third-party Tugs 114 140 marine services provider ~3X Largest private rail Rail Tracks 690 KMs 2,000 KMs network ~2.3x Largest private Containe

  17. Slide 17: C Investment summary

    C Investment summary STRICTLY CONFIDENTIAL

  18. Slide 18: Growing market share

    Growing market share All India and APSEZ Cargo Volumes Market Share of APSEZ (%) 30% 27% 25% 20% 15% 10% 10% 5% 1% 0% FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 Market share growth driven by operational excellence, cargo diversi

  19. Slide 19: Long term growth way ahead of the industry

    Long term growth way ahead of the industry All India Cargo Throughput All India and APSEZ Domestic Cargo Volumes 1,600 1,539 1,500 Cargo Volumes (MMT) 1,400 1,282 1,500 1,300 1,200 1,350 1,100 1,200 973 1,000 1,050 900 900 FY14 FY19 FY24 750 All India Cargo (MMT) 600 450 500 408 300 400 150 300 208

  20. Slide 20: Strong cashflow generation

    Strong cashflow generation Revenue from operations (Rs Cr) EBITDA (Rs Cr) Net Cash Generated from Operations (Rs Cr) 30,000 18,000 16,000 15,018 26,711 15,864 16,000 14,000 25,000 14,000 12,000 20,000 12,000 10,000 10,000 15,000 8,000 10,925 8,000 7,067 6,029 6,000 10,000 6,000 4,000 4,830 4,000 2,9

  21. Slide 21: EBITDA margin expansion across ports and logistics

    EBITDA margin expansion across both ports and logistics business Domestic Ports EBITDA (Rs Cr) Logistics EBITDA (Rs Cr) 16,000 14,907 600 540 14,000 500 12,000 10,000 400 8,000 6,053 300 6,000 200 4,000 2,061 90 2,000 100 - - FY14 FY19 FY24 FY19 FY24 Domestic Ports EBITDA Margin % Logistics EBITDA M

  22. Slide 22: Port-wise returns

    Port-wise returns 66% of H1 FY25 domestic ports EBITDA* 22% of H1 FY25 domestic ports EBITDA* 40% 36% 33% 33% 28% 27% 26% 23% 21% 21% 20% 20% 19%19% 16% 16%16% 12% 13% 12% 11% 11% 10% 9% 6% 7% 2% 2% Mundra Hazira Dahej Dhamra Karaikal Krishnapatnam Gangavaram Kattupalli ROCE FY22 ROCE FY23 ROCE FY24

  23. Slide 23: C1 Debt profile

    C1 Debt profile STRICTLY CONFIDENTIAL

  24. Slide 24: Debt maturity profile

    Debt maturity profile 10 Years LTD Maturity Profile as on 30th Sep’24 (INR Cr) FFO + Cash 22,7841 11,207 FFO 12,9671 6,296 6,513 5,690 4,803 2,270 2,514 250 - 250 FY25 (Oct-Mar) FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 Current level of FFO exceeds the annual loan repayments; no refinance risk 19

  25. Slide 25: Debt ratios

    Debt ratios (in INR Cr) Gross Debt, Net Debt & Average Maturity Net Debt to EBITDA 7.0 49,819 3.3 6.0 45,453 46,279 44,059 3.1 40,072 3.0 34,401 5.5 36,462 35,165 31,666 2.3 28,472 4.6 4.6 2.0 Mar'21 Mar'22 Mar'23 Mar'24 Sep'24 FY21 FY22 FY23 FY24 H1 FY25 Net Debt Gross Debt Average Maturity (years)

  26. Slide 26: Comprehensive credit rating coverage

    Comprehensive credit rating coverage Global rating agencies Domestic rating agencies AAA / Stable Baa3 / Stable AAA / Stable BBB- / Positive AAA / Stable BBB- / Stable AAA / Stable 21

  27. Slide 27: C2 ESG & governance

    C2 ESG & governance STRICTLY CONFIDENTIAL

  28. Slide 28: Sustainability is at the core of our operations

    Sustainability is at the core of our operations Guiding Principles ESG Ratings Industry Ranking CEO Water United Nations SBTi-based net Rating Agency Rating/Score (Global level) Mandate Global Compact zero targets 68 Top 97 Percentile India Business & IFC E&S UN Sustainable Biodiversity Performance

  29. Slide 29: D Catalysts driving market leadership position

    D Catalysts driving market leadership position STRICTLY CONFIDENTIAL

  30. Slide 30: Growth opportunity in logistics is immense

    Growth opportunity in logistics is immense Fastest growing economy + large consumer base…. ….We have a pan-India logistics presence Fastest Growing Large Economy Large Consumer Base G20 Real GDP CAGRs, 2015 to 2022 (%) Top 10 Countries by Population, 2022 (b) Future outlook for India is #1 7.2% 7.2%

  31. Slide 31: Strategic partnerships & sticky cargo

    Strategic partnerships & sticky cargo Strategic Partnerships Sticky Cargo Share Year Company Name Partner & Stake Adani International MSC 408 2011 Container (50%) Terminal Pvt Ltd 56% 54% Adani CMA Mundra 337 CMA-CGM 49% 2014 Terminal 312 (50%) Pvt Ltd Dhamra LNG Terminal Total Energies 230 2019 Pvt

  32. Slide 32: Quality assets

    Quality assets Top 10 ports of India include Mundra & Marine & Logistics assets Krishnapatnam FY09 FY14 Current scale (Q2 FY25) FY19 FY24 Kandla Sikka Mundra Mundra India’s leading third-party Tugs 114 marine services provider Sikka Mundra Sikka Paradip India’s largest capital Dredgers 28 dredging c

  33. Slide 33: 'Future-ready' with integrated tech platforms

    ‘Future-ready’ with integrated tech platforms Automated container Fleet management Port ops management Real-time rake tracking Digital customer portal depot mgmt. (TOS) system Middleware integrating all our systems Port Community System (PCS) Command & Control / ITUP (Central platform to plan & moni

  34. Slide 34: E Strategic and operational highlights

    E Strategic and operational highlights STRICTLY CONFIDENTIAL

  35. Slide 35: Strategic & Operational Highlights – H1 FY25

    Strategic & Operational Highlights – H1 FY25 Ports & Marine Services • APSEZ clocked 220 MMT of cargo volume (up 9% YoY) in H1 FY25. The growth was primarily driven by Containers (up 19% YoY) • APSEZ handled ~27% of the country’s total cargo and ~45% of container cargo • Completed the acquisition of

  36. Slide 36: Strategic & Operational Highlights – H1 FY25

    Strategic & Operational Highlights – H1 FY25 Ports & Marine Services • Mundra port achieved a significant milestone by crossing 100 MMT mark in 181 days (101.1 MMT in H1) • Dhamra port handled its highest ever monthly volume of 4.6 MMT in Jul-24 • Kattupalli port handled its highest ever monthly vol

  37. Slide 37: Strategic & Operational Highlights – H1 FY25

    Strategic & Operational Highlights – H1 FY25 Logistics • Handed container volumes of 0.31 Mn TEUs (up 11% YoY), and bulk cargo of 10.7 MMT (up 20% YoY) • Container volumes handled at MMLPs increased by 21% YoY to 215,958 TEUs • Established a state-of-the-art Logistics ‘Strategic Command Centre’ in A

  38. Slide 38: Key awards reflecting operational excellence – H1 FY25

    Key awards reflecting operational excellence – H1 FY25 • APSEZ received the “Excellence in Ports Infrastructure” award at ABP Live India Infrastructure Conclave 2024 • Mundra Port received the “Non-Major Port of the Year” award for both Containerized Cargo and Non- Containerized Cargo at the 14th Al

  39. Slide 39: Robust growth driven by container volumes – Q2 FY25

    Robust growth driven by container volumes – Q2 FY25 (YoY) Q2 FY24 Q2 FY25 APSEZ Cargo volume 10% East Coast Volume* Non Mundra Volume* 101.2 110.9 Total MMT MMT 7% 5% 98.1 105.4 3% Domestic MMT MMT 40.2 42.2 53.7 55.5 MMT MMT MMT MMT 75% International 3.1 5.4 MMT MMT APSEZ Container volume 18% West

  40. Slide 40: Robust growth driven by container volumes – H1 FY25

    Robust growth driven by container volumes – H1 FY25 (YoY) H1 FY24 H2 FY25 APSEZ Cargo volume 9% East Coast Volume* Non Mundra Volume* 202.6 219.9 Total MMT MMT 8% 1% 196.2 212.2 1% Domestic MMT MMT 83.6 84.4 110.3 111.1 MMT MMT MMT MMT 21% International 6.3 7.7 MMT MMT APSEZ Container volume 17% Wes

  41. Slide 41: Cargo handling across ports and coasts

    Cargo handling across ports and coasts 43% 40% 41% 39% East Coast vs West Coast Share* 57% 60% 59% 61% H1 FY24 H1 FY25 H1 FY24 H1 FY25 APSEZ All India West Coast East Coast H1 FY24 H1 FY25 44% 48% Mundra vs Non Mundra Share* 52% 56% Mundra Non-Mundra Mundra Non-Mundra 36 * The data pertains to APSEZ

  42. Slide 42: Diversifying cargo portfolio

    Diversifying cargo portfolio 41% 43% 41% 41% 40% 38% 38% 37% 38% 37% 36% 36% 36% 33% 33% 32% 33% 32% 17% 13% 13% 13% 16% 12% 15% 12% 13% 13% 11% 11% 11% 8% 9% 7% 6% 6% 3% 3% 2% 3% 3% 3% 2% 3% 2% 2% 2% 1% 0% 1% 0% FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 H1 FY25 Dry (Coal) Dry (Other than Coal) Liquid

  43. Slide 43: Container cargo drives growth – Q2 FY25

    Container cargo drives growth – Q2 FY25 • Growth primarily driven by containers, coal, crude+gas, liquids and other dry cargo categories • Lower minerals, fertilizers and agri cargo 38

  44. Slide 44: Container cargo drives growth – H1 FY25

    Container cargo drives growth – H1 FY25 • Growth primarily driven by containers, coal, crude+gas, and liquid categories • Lower minerals, fertilizers, agri and other dry cargo 39

  45. Slide 45: F Financial highlights

    F Financial highlights STRICTLY CONFIDENTIAL

  46. Slide 46: Consolidated financial performance – SEBI format

    Consolidated financial performance – SEBI format CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2024 (` in crore) Quarter Ended Half Year Ended Year Ended Sr. September 30, June 30, September 30, September 30, September 30, March 31, Particulars No. 2024 2024 2023 2

  47. Slide 47: Financial performance – Q2 FY25

    Financial performance – Q2 FY25 (in INR Cr) Q2 FY24 Q2 FY25 Particulars Revenue EBITDA^ PAT Revenue EBITDA^ PAT APSEZ Consolidated 6,646 3,880 1,762 7,067 4,369 2,413 JVs AICTPL (CT-3), JV with MSC 488 255 151 441 230 121 ACMTPL (CT-4), JV with CMA-CGM 230 132 59 235 142 73 IAVL, JV with IndianOil 1

  48. Slide 48: Financial performance – H1 FY25

    Financial performance – H1 FY25 (in INR Cr) H1 FY24 H1 FY25 Particulars Revenue EBITDA^ PAT Revenue EBITDA^ PAT APSEZ Consolidated 12,894 7,634 3,881 14,627 9,217 5,520 JVs AICTPL (CT-3), JV with MSC 927 494 318 926 499 342 ACMTPL (CT-4), JV with CMA-CGM 436 252 108 468 273 139 IAVL, JV with IndianO

  49. Slide 49: Key segment-wise operating revenue & EBITDA – Q2 FY25

    Key segment-wise operating revenue & EBITDA – Q2 FY25 (YoY, in INR Cr) Domestic Ports Logistics 5,642 5,052 72% 588 72% 30% 4,089 483 27% 3,624 146 156 Q2 FY 24 Q2 FY 25 Q2 FY 24 Q2 FY 25 Revenue EBIDTA EBIDTA (%) Revenue EBIDTA EBIDTA (%) SEZ & Port Development International Operations 806 821 120%

  50. Slide 50: Key segment-wise operating revenue & EBITDA – H1 FY25

    Key segment-wise operating revenue & EBITDA – H1 FY25 (YoY, in INR Cr) Domestic Ports Logistics 11,178 9,963 72% 72% 1,159 29% 990 8,079 26% 7,148 289 300 H1 FY24 H1 FY25 H1 FY24 H1 FY25 Revenue EBIDTA EBIDTA (%) Revenue EBIDTA EBIDTA (%) SEZ & Port Development International Operations 644 644 1,646

  51. Slide 51: FY25 Guidance

    FY25 Guidance FY25 Guidance Cargo 460-480 MMT Revenue Rs 29,000-31,000 Cr EBITDA Rs 17,000-18,000 Cr Capex Rs 10,500-11,500 Cr Net Debt to EBITDA 2.2–2.5x 46

  52. Slide 52: G ESG highlights

    G ESG highlights STRICTLY CONFIDENTIAL

  53. Slide 53: Key ESG performance highlights

    Key ESG performance highlights Indicator FY25 Target H1 FY25 Energy & Emission RE share in total electricity^^ 100% 16% Energy intensity reduction* 50% 58% Emission intensity reduction* 60% 55% Water and Waste Water consumption intensity reduction* 60% 59% Zero waste to landfill** 12 Ports 6 Ports A

  54. Slide 54: ESG ratings

    ESG ratings Climate Change [ A- ] Corporate sustainability Sustainalytics ESG Risk Moody’s Global ESG rating Water Security [ B ] Assessment [ 68 ] Rating [ 11.3 ] [ 62 ] Supplier Engagement [ A- ] • Achieved the Leadership level in • Scored 68 (out of 100) and • Received low ESG risk • APSEZ ranked

  55. Slide 55: H Annexure

    H Annexure STRICTLY CONFIDENTIAL

  56. Slide 56: Port-wise cargo and financial details

    Port-wise cargo and financial details STRICTLY CONFIDENTIAL

  57. Slide 57: Mundra port - volume and financials Q2 FY25

    Mundra port - volume and financials Q2 FY25 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin Q2 FY24 12%  Q2 FY25 70% 1,803 7.8 8.8 8.5 1,530 10.2 1,266 1,058 44.4 50.0 27.8 31.2 Dry Container Liquid (Inc Crude) Dry Container Liquid (Inc Crude) Revenue EBITDA Q2 FY24 Q2 FY25 • Volumes g

  58. Slide 58: Mundra port - volume and financials H1 FY25

    Mundra port - volume and financials H1 FY25 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin 18%  H1 FY25 63% H1 FY24 3,693 15.4 17.0 16.6 21.6 2,956 2,326 86.0 1,984 101.1 53.6 62.9 Dry Container Liquid (Inc Crude) Dry Container Liquid (Inc Crude) Revenue EBITDA H1 FY24 H1 FY25 • Volum

  59. Slide 59: Dhamra port - volume and financials Q2 FY25

    Dhamra port - volume and financials Q2 FY25 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin 16%  63% 582 Q2 FY24 Q2 FY25 1.5 1.2 466 367 291 9.9 11.5 8.4 10.3 Dry Others Dry Others Revenue EBITDA Q2 FY24 Q2 FY25 • Cargo volumes increased 16% YoY • Improved realizations and increase in

  60. Slide 60: Dhamra port - volume and financials H1 FY25

    Dhamra port - volume and financials H1 FY25 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin 19%  61% 1,165 H1 FY24 H1 FY25 2.3 926 2.3 709 586 19.8 23.4 17.4 21.1 Dry Others Dry Others Revenue EBITDA H1 FY24 H1 FY25 • Cargo volumes increased 19% YoY • Improved realizations and increase

  61. Slide 61: Hazira port - volume and financials Q2 FY25

    Hazira port - volume and financials Q2 FY25 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin Q2 FY24 6%  Q2 FY25 482 74% 455 1.2 1.1 356 339 3.0 2.9 7.3 6.9 3.2 2.8 Dry Container Liquid Dry Container Liquid Revenue EBITDA Q2 FY24 Q2 FY25 • Cargo was down 6% YoY during the quarter • Reve

  62. Slide 62: Hazira port - volume and financials H1 FY25

    Hazira port - volume and financials H1 FY25 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA 919 EBITDA Margin H1 FY24 2%  H1 FY25 867 74% 2.3 2.3 678 636 5.6 5.8 14.0 13.7 6.1 5.6 Dry Container Liquid Dry Container Liquid Revenue EBITDA H1 FY24 H1 FY25 • Cargo was down 2% YoY during the period • Rev

  63. Slide 63: Krishnapatnam port - volume and financials Q2 FY25

    Krishnapatnam port - volume and financials Q2 FY25 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA Port EBITDA Margin 67% Q2 FY24 6%  Q2 FY25 767 0.7 0.7 663 0.5 0.0 513 478 13.2 14.1 12.1 13.3 Dry Container Liquid (incl. Crude) Revenue EBITDA Dry Container Liquid (incl. Crude) Q2 FY24 Q2 FY25 • Vol

  64. Slide 64: Krishnapatnam port - volume and financials H1 FY25

    Krishnapatnam port - volume and financials H1 FY25 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA Port EBITDA Margin 69% H1 FY24 0%  H1 FY25 1,583 1,506 1.1 1.2 0.3 1.4 1,099 1,092 29.4 29.4 27.1 27.7 Dry Container Liquid Dry Container Liquid Revenue EBITDA H1 FY24 H1 FY25 • Volumes were maintained

  65. Slide 65: Kattupalli port - volume and financials Q2 FY25

    Kattupalli port - volume and financials Q2 FY25 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA 34%  EBITDA Margin 111 68% Q2 FY24 Q2 FY25 0.1 0.2 0.2 0.2 77 75 47 3.7 2.8 2.5 3.4 Dry Container Liquid Dry Container Liquid Revenue EBITDA Q2 FY24 Q2 FY25 • Cargo volumes increased during the quarter ac

  66. Slide 66: Kattupalli port - volume and financials H1 FY25

    Kattupalli port - volume and financials H1 FY25 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA 28%  EBITDA Margin 219 67% H1 FY24 H1 FY25 0.2 0.3 0.5 0.4 158 147 99 5.7 7.3 6.5 5.1 Dry Container Liquid Dry Container Liquid Revenue EBITDA H1 FY24 H1 FY25 • Cargo volumes increased YoY during the peri

  67. Slide 67: Karaikal port - volume & financials Q2 FY25

    Karaikal port - volume & financials Q2 FY25 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA EBITDA Margin Q2 FY24 7%  Q2 FY25 154 68% 136 0.3 0.5 114 92 3.0 2.8 2.2 2.7 Coal Other Coal Others Revenue EBITDA Q2 FY24 Q2 FY25 • Lower coal volumes during the quarter led to reduction in cargo volumes by

  68. Slide 68: Karaikal port - volume & financials H1 FY25

    Karaikal port - volume & financials H1 FY25 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA 316 EBITDA Margin H1 FY24 6%  H1 FY25 73% 282 0.7 1.0 231 193 5.7 6.0 5.0 5.1 Coal Other Coal Other Revenue EBITDA H1 FY24 H1 FY25 • Higher coal volumes during the period led to overall cargo increase • Highe

  69. Slide 69: Dahej port - volume and financials Q2 FY25

    Dahej port - volume and financials Q2 FY25 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA  168 EBITDA Margin Q2 FY24 16% Q2 FY25 66% 155 0.4 0.8 119 103 3.0 2.5 2.2 2.0 Coal Other Dry Cargo Coal Other Dry Cargo Revenue EBITDA Q2 FY24 Q2 FY25 • Lower minerals and coal cargo during the quarter • Lowe

  70. Slide 70: Dahej port - volume and financials H1 FY25

    Dahej port - volume and financials H1 FY25 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA  EBITDA Margin H1 FY24 4% H1 FY25 67% 308 314 1.0 1.5 214 209 5.5 5.3 4.0 4.3 Coal Other Dry Cargo Coal Other Dry Cargo Revenue EBITDA H1 FY24 H1 FY25 • Lower minerals and fertilizers cargo during the period •

  71. Slide 71: Gangavaram port - volume & financials Q2 FY25

    Gangavaram port - volume & financials Q2 FY25 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA  391 EBITDA Margin Q2 FY24 22% Q2 FY25 51% 270 247 3.5 2.7 8.7 6.8 127 5.2 4.2 Coal Others Coal Others Revenue EBITDA Q2 FY24 Q2 FY25 • Revenue and EBITDA was lower during the quarter due to reduction in ca

  72. Slide 72: Gangavaram port - volume & financials H1 FY25

    Gangavaram port - volume & financials H1 FY25 (YoY, in INR Cr) Volume (MMT) Revenue & EBITDA H1 FY24  775 EBITDA Margin 37% H1 FY25 49% 530 6.8 409 4.3 18.1 11.5 11.2 199 7.2 Coal Other Dry Revenue EBITDA Coal Other Dry H1 FY24 H1 FY25 • Revenue and EBITDA was lower during the period due to reducti

  73. Slide 73: Adani Logistics and Harbour services- financials Q2 FY25

    Adani Logistics and Harbour services- financials Q2 FY25 (YoY, in INR Cr) Logistics Harbour Services EBITDA Margin EBITDA Margin 89% 831 27% 588 737 668 483 584 146 156 Revenue EBITDA Revenue EBITDA Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 • Q2 FY25 Logistics revenue ramps up 22% YoY driven by • Revenue impr

  74. Slide 74: Adani Logistics and Harbour services- financials H1 FY25

    Adani Logistics and Harbour services- financials H1 FY25 (YoY, in INR Cr) Logistics Harbour Services EBITDA Margin EBITDA Margin 89% 1,633 26% 1,159 1,452 990 1,320 1,155 289 300 Revenue EBITDA Revenue EBITDA H1 FY24 H1 FY25 H1 FY24 H1 FY25 • Logistics revenue increased on account of higher • Revenu

  75. Slide 75: Thank You

    Thank You Details Annexed in Linked File 1. Port-wise Cargo Volume Break up Q2 FY25 2. Ports and Logistics Vertical Key Financial Performance Q2 FY25 Please open the file in PDF reader and double click on the icon to open -

  76. Slide 76: 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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