Resources

Logistics

Energy

Thinking big Doing better

Adani Group: Integrated & synergistic business model

Vision - To be globally admired leader in integrated infrastructure businesses with a
deep commitment to nation building. We shall be known for the scale of our ambition,
speed of execution and quality of operations
Resources
Sourcing Coal from around the
world
Coal Mining
Coal Trading
Agro

India:
Largest trader of Coal
Largest mine developer &
operator
Contract order book of 97 mtpa
Indonesia:
Resource 269 mn tn
Mine life: 15 yrs
Australia:
JORC Resource: 11 bn ton
Mine life:100 yrs
100 mtpa (peak)

Logistics
Owning a large network of ports,
rail lines, ships
Ports
Multi Modal Logistics
Special Economic Zones

India:
No. 1 Port of India
Largest indigenous Ports
Developer & Operator
6 Operational Ports / Terminals
Developing 2 terminals on west
and east India
Largest Private Rail Developer
Shipping:
Own & operate 4 capesize
vessels

Energy
Leading Player in private
power generation
Power Generation
Power Transmission
City Gas Distribution

India:
Generation:
9240 MW thermal capacity
40 MW Solar Power Plant
Transmission:
5051 Ckt km of transmission
network
City Gas Distribution:
Operate in 4 cities in
India.(Ahmedabad, Baroda,
Faridabad & Khurja)

Adani Group Thinking Big, Doing Better

No.1 :-

Net Asset (USD mn)

20,000

17,358

15,000

16,764*
12,822

10,000
5,000

18,133

3,077

5,654

Commercial Port in India

Coal Import Terminal at Mundra

Private Power Producer in India

Mine Developer and Operator in India

Trader of coal in India with consistent share of

FY09

FY10

FY11

FY12

FY13

FY14

EBIDTA (USD mn)

2,000

1,700

1,500
1,000

1,084

about 50%

1,271

1,000
500

200

384

Edible Oil Company in India in terms of market share

FY09

FY10

FY11

FY12

FY13

FY14

* Figure is excluding Abbot asset

Resources

Logistics

Coal Trading

Sea Ports

Coal Mining

Railways

Energy
Power
Generation
Transmission

Coal Business: Growth Potential

Thermal Coal Import (MMT)

Thermal Coal Demand Sector-wise (MMT)

1200

300

1000
800

200
100
90

116

139

169

194

218

243

270

299

600

400
200

Power (Mt)

Cement

CPP (Captive)

Sponge Iron

2019-20 P

2018-19 P

2017-18 P

2016-17 P

2015-16 P

2014-15 P

2013-14

2012-13

2019-20 P

2018-19 P

2017-18 P

2016-17 P

2015-16 P

2014-15 P

2013-14

2012-13

2011-12

2011-12

Others

Thermal coal import in India is estimated at 169 MT in FY2015 and expected to grow at 15% YoY
Coal Mining (MDO)
Coal Mines Ordinance:

The ordinance has carved out special provision for allotment of the cancelled coal blocks to the
Government companies, having specific end use (only captive use) without going through public auction
In view of this, we expect our MDO coal blocks (Parsa Kente, Machhakata, Chendipada and Parsa) to be
reallocated to the respective utilities being Government companies and having specific end use
Our MDO contract for Kente Ext. is not affected by Honourable SC order since it was allocated to
RRUVNL under new auction by competitive bidding of Coal Mines Rules 2012

This ordinance brings further opportunity for Adani Group to retain & strengthen its presence in
the MDO business and also obtain coal resources for our power business
Source: Research Reports

Coal Trading: Integrated Coal Management

Multi-Country
Procurement

Customer
Account
Management

Multi modal
Logistics

Financing

Coal
Business

Electricity
Boards

Private
Business

Adani
Power Ltd

Third
Country

Consistent Market
share in
electricity
business ~50%

Yamunagar
Suratgarh
Hissar

Panipat
Harduaganj
Tanda Vindyachal

Dadri
Kota

Unchahar

Parichha
Chhabra

Kahalgaon

Rihand

Kandla
Mundra
Bedi

Panki

Wanabori
Gandhinagar
Navlakhi
Dahej
Koradi
Hazira

Sipat
Korba
Tiroda

Badarpur

Indonesia
Tarakan

Paradip

Vishakhaptnam
Simhadri
Gangavaram
Kakinada

Kondapalli

South
Africa

[Talcher]

Chanderpur
Parli
Ramagundam

Richard Bay

Mejia

Sagardighi
Bakreshwar
Bandel
Durgapur
Kolaghat
Haldia

Samarinda

Muara Satui

Tanjung Bara
Bontang

Indonesia

Tanjung
Pemancingan

Goa
Ennore
North Chennai

Queensland

Mettur Tuticorin

Australia

Ports
Locations served

Tuticorin

We are a team of 200 + People with operations spread across globe through our 25 satellite offices, 18 branch offices, 3 global offices and a head
office based out of Gurgaon.

Coal Mining: Largest Mine Developer & Operator

Chhattisgarh

State

Mine

Block Area (Sq

Km)

MundraKandla

Chhendipada Mineable

Dahej Port
Hazira Port

Reserve (Mn MT)

Vizag

Mormugao Port

Parsa

Machhakata
Parsa Kente

Capacity at
peak level

Parsa Kente

Parsa

Odisha

Kente
Extension

Machhakat
a

Chendipad
a

(RRUVNL)

(MGCL)

(UCMCCL)

(RRUVNL)

(CSPGC
L)

27.67

12.52

17.00

20.43

27.42

452

150

200

1244

1589

15

30

40

Started
Feb 13

2016

2017

2016

2016

(MMTPA)

Commenceme
nt of
Production
Ports
Mining Locations

Notes:
1. RRVUNL Rajasthan Rajya Vidyut Utpadan Nigam Limited ; 2. MGCL Mahaguj Collieries Ltd. ; 3. CSPGCL Chhattisgarh State Power Generation Company
Limited 4. UCMCCL - UCM Coal Company Limited

Coal Mining: Indonesia

Bunyu Island

Coal Mining

Indonesia

Particulars

Capacity

Location

Bunyu Island,
Indonesia

Resource

269 MMT (JORC)

Current Capacity

7 MMPTA

Production

FY15: 4.5 MMT

Coal Crushing

Coal Loading

Australia Mine: Funding Plan and Timeline

USD mn

Particulars
Open Cut Mining

Mine
28 MMT

First Coal Open Cut

Aug-17

Underground Mining

14 MMT

First Coal Underground

Mar-18

Timeline

Particulars

Mine

Total Capex

4,200

Debt

2,940
Project Finance

2,140

Equipment Financing

800

Equity
Of which already invested

1,260
800

Carmichael Coal Mine

Q1 2015

Off-Site & On-Site Infra Construction Commencement

Q4 2015

Financial closure

Q3 2017

Open Pit E - First Coal

Q4 2017

Open Pit D - First Coal

Q1 2018

Underground 1 System Cut First Coal

Q3 2018

Underground 2 System Cut First Coal

9

Agro
Edible Oil & Agro commodities
Joint venture with Wilmar, Singapore
FORTUNE - Indias number 1 edible oil brand with more than 20% market share
(AC Nielson)

Revenues in excess of $ 2.5 Bn

Volumes more than 3.5 MMTPA
Expanding into more agro products such as Rice, Pulses. Soya nuggets etc
Major Exporter of Castor Oil/derivatives and Soya De-oiled cake
Manufacturing facilities spread across 18 locations pan India with 10k refining
& 7k crushing capacity

Agri Infrastructure: Fruits

Capacity of 21000 MT of storage of Apple
State of Art Control Atmosphere Storage facility at 3 locations in Himachal
Pradesh
Distribution set up across India under brand Farm-Pik
One of largest importer of fruits into India

Agri
Food
Grains
AgriInfrastructure:
Infrastructure:
Food
Grains

Operates storage capacities of 6,00,000 MT at 7 locations across India

Another 3,50,000 MT in development across 7 locations in Madhya Pradesh
State of Art mechanized storage facilities with private railway siding
Operates storages facilities under Build Own Operate model for FCI for 20 years

10

Resources

Logistics

Coal Trading

Sea Ports

Coal Mining

Railways

Energy
Power
Generation
Transmission

Ports & Logistics: Huge Growth Potential

Only pan India port company with 8
ports across Indian coastline

6 operational ports; 2 under

Ports

implementation

Multi Commodity Ports: >300 mtpa

capacity

Preferred Indian Partner of Global Liners

Mundra

Kandla

Established connectivity infrastructure

Dahej
Hazira

including rail, road and pipe line

Dhamra
Vizag

Logistics

120 km railway line on the west coast; 63

km railway line at Dhamra on the east

Development of Inland Container Depots

and container rail movements across
country

Mormugao

Ennore

SEZ land leases complementing business

models of Ports and Logistics at Mundra.

SEZ
Major Ports where APSEZL has terminals
Non major ports - APSEZL

SEZ Area of 6,641 Hectares.

Diverse clientele of storage for refineries,
power generators, automobile industry
and other industrial consumers

12

Ports & Logistics: Mundra Port enjoys Distance Advantage

Adani 64 km private rail network connecting

Mundra Port to National Railway Network

Resulting in savings on both cost and time

compared to competing Mumbai ports

New Delhi
Gurgaon

408 km lesser to industrial zone of Bhatinda

245 km lesser to the Delhi - NCR

Marwar
Adipur

Less congested route than JNPT (Mumbai)

Route passes through sparsely populated

regions of Kutch and Rajasthan.

Mathura

Alwar
Jaipur
Ajmer

Bhildi

Kota

Palanpur

Samakhiali

Mundra
Port

Vadodara

Agra

Ratlam

Godhara
Surat

Pipavav
Vasai Road

JNPT

Shorter Distance & Low Passenger Traffic results in reduced operating cycle
13

Ports & Logistics: DFC / DMIC - the Growth Catalysts

Feature

Existing

DFC

Container stack

Single

Double

Train length

700m

1,500m

Train load

4,000 tons

15,000 tons

Axle load

22 tons

32 tons

75 km/ hr

100 km/ hr

Maximum speed

New Delhi
Gurgaon

Status

Mathura

Alwar

Mundra to be connected to DFC through

Palanpur ( ~350 km)

Marwar

To be connected via Kutch Railway Corp Ltd.

(Budget for dovetailing to DFC approved)

Adipur

Faster trains, improving transit time by 50%

Higher capacity trains, increased capacity of

infrastructure

Bhildi

Kota

Palanpur
Ratlam

Samakhiali

Mundra
Port

Advantage:

Agra

Jaipur
Ajmer

Godhara

Vadodara

Surat

Pipavav

Hazira

Vasai Road

JNPT

Proximity to Adani Ports: Future evacuation Infrastructure Assured

Source: Dedicated Freight Corridor Corporation of India Ltd (http://dfccil.org),

14

Ports & Logistics: Dhamra - Mundra of the East

Only port in East with deeper Draft for larger vessels
Gateway for Mining, Power and Steel Industry
Potential coastal shipping hub
Potential Transshipment Hub No large vessel
container facility between Paradip to Chittagong.

NW 1

Gateway for Inland Waterways connecting north east

NW 5

Dhamra

Dhamra: Mega Port in making

Master Plan of Total 17 berths;
12 bulk, 4 container, 1 LNG Terminal
Phased Growth to reach up to 100 mtpa

Dhamra: Enabling APSEZ to be a PAN India Port Company

Coal Basins and Fields

15

Resources

Logistics

Coal Trading

Sea Ports

Coal Mining

Railways

Energy
Power
Generation
Transmission

Power: Sectorial Demand continue to rise

Installed Capacity in India - Category

Peak & Energy Deficit : Year-wise

Units in GW

17%
14%

12% 13% 13%

11%
11% 9%
10%
10%
9%
8% 9%

12% 12%
7%

8%

9%

347
288

5%
5%
4% 4%

32
19
57

25
10
50

200
25
5
39

240

204

132
Peak Deficit

Energy Deficit

2012

Average Deficit in the Last Decade:

Peak deficit: 12%;
Energy deficit: 9%

2017

Thermal

Nuclear

Renewables

India Installed Capacity: 253 GW*

Lowest per capita electricity consumption

16000
14000

Hydro

2020

Thermal
176 GW

13361

Hydro
40 GW

12000

kWh

10000
8000

6460

6000

Renewables
32 GW

5741
2942

4000

2384
884

2000

Nuclear
5 GW

USA

Russia

UK

China

Brazil

Source: 11th & 12th FYP, Ministry of Power, CEA

* As on 31st Aug 2014

India

17

Power: Generation & Transmission

Adani Power projects are in high growth states of India. Also
these states have financially strong SEBs

Power Generation
SN

Location

Kawai
Commissioned:
1,320MW

Capacity
(MW)

Operation
(MW)

Mundra (Gujarat)

4,620

4,620

Tiroda (Maharashtra)

3,300

3,300

Kawai (Rajasthan)

1,320

1,320

9,240

9,240

Mohindergarh

Total - Implementation

Dehgam

Mundra

Aurangabad

Warora

Commissioned:
4,620MW

Power Transmission
Tiroda
Commissioned:
3.300MW

Operational Transmission Asset portfolio of

5051 Ckt Km

40 MW Operational Solar Power

Project1

in Gujarat

Mundra Dehgam
Tiroda Warora

Mundra Mohindergarh
Tiroda Aurangabad
Notes: 1. Project under AEL

18

Power: Fuel 53% already tied up, balance to be tied up through mining
Customer
GUVNL (330x4)
GUVNL (660x2)
UHBVNL &
DHBVNL
(660x3)

Total
Capacity Levelised
Coal
Coal
PPA starts
Capacity contracted
tariff
Availability Required
from
(MW)
(MW)
(INR/unit)
Qty (MMT)
(MMT)
1,320
1,000
2.89
Feb-10
Imported Coal
10.2
1,320
1,000
2.35
Feb-12

1,980

475 + 949

2.94

Aug-12 /
Feb-13

FSA signed
for 6.4 MMT

6.4

Remark
~40% of coal requirement tied up
through CIL domestic coal supply
Balance coal cost pass through as per
CCEA directive
CERC issued final order granting
compensatory tariff

Mundra 4,620

3,424

1,320

1,320

660

125 + 440

MSEDCL
(660x2)

MSEDCL
(660x3)

16.6
2.64

3.28**
1,320

1200

Tiroda 3,300

3,085

Aug-12

Aug-14 /
Feb-17

Apr-14

FSA signed
for 4.91 MMT
FSA Tapering
linkage signed
for 800 MW
MoU signed
for 3.39 MMT

~66% of coal requirement tied up

through CIL domestic coal supply
8.3

5.5

Balance coal cost pass through as per

CCEA directive
MERC issued final order granting
compensatory tariff

13.8
~62% of coal requirement tied up
through CIL domestic coal supply

RRVPNL (660x2)

1,320

1,200

3.24**

Aug-13

MoU signed
for 3.39 MMT

5.5

Balance coal cost pass through as per

CCEA directive
Proceedings completed in RERC.
Order awaited.

Kawai
Grand Total

1,320

1,200

9240

7709^

Fuel Security - 19 Mil MT of Domestic Coal linkages

5.5
19

35.9

~53% of coal requirement tied up

through CIL domestic coal supply

**Fuel & Fuel Transportation are linked to CERC escalation index

^ PPA Capacity 92% of Net capacity 19

Adani Group: Business Process Transformation

Tezz Transformation: Components and Key Processes
Disha: Power Operations

Ignite: Ports Operations

BPT of Power Operations Group with ATK:

BPT of Ports Operations Group with KPMG :

Strategic Planning

Marine Operations

Revenue Management

Terminal Operations

Operations and Maintenance

Engineering Services

Fuel Sourcing and Mgmt.

Customer Service & Marketing

BPT of Projects with Accenture:

Sourcing and Procurement

Project Management

Engineering

Construction and Commissioning

Agile: Capital Projects

TEZZ

BPT of Services with Strategy&*:

Finance: B2P, O2C, Tax, R2R,

Treasury, FP&A, ABEX

IT: Planning, Delivery, Support

HR: TM, TA, L&D, PMS, HR Ops

Synergy: Services (Finance, IT, HR)

* Formerly Booz & Company

20

Adani Group: CSR Initiatives

Quality education

Underprivileged Children

Girl Child Education

Training volunteers for teaching

Adani Vidyamandir

Health

Mobile dispensary

Teaching sanitation in rural area

Immunization for kids

HIV /AIDS awareness campaign

Livelihood development

Vocational training

Cattle vaccination

Animal Husbandry

Check dam construction

Rural infrastructure development

Pond deepening

Other Village Infrastructure

Village drainage system

Roads, drinking water, power etc.

21

Adani Group: Our Leadership Position

Leadership Position
Leadership Position in Ports 8 Ports
Our Leadership Position as Private Sector
Generation Co 9280 MW
Transmission Network 5051 circuit kms
Coal Trading
Mine Developer and Operator

Favorable
Macroeconomic
Environment

Sustainable
Growth of
Business

Clear
Policy
Framework

22

Legal 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 Enterprises Limited (AEL) and Adani
Ports and Special Economic Zone Limited (APSEZ) & Adani
Power Limited (APL), 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 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 AELs 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 AEL.
AEL, 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.

AEL 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. AEL 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.
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 AEL. This presentation is strictly
confidential.
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.

23