bull Largest gas amp electricity distribution portfolio
Locked in Growth 2020 ndash Airports amp Roads
bull Water amp Data Centre Business
4
Adani Group A world class infrastructure amp utility platform
Adani
No 1 in Ports TampD and IPP (Thermal and renewables) in India
Independent verticals with independent boards - Integrating ESG into value creation
Addressable utility market- 32 million customers in ATL amp ~ 10 million in AGL
Addressable market in Airports ~125 million customers
Adani
APSEZPort amp Logistics
AELIncubator
75
75
APLIPP
ATLTampD
625 75
AGELRenewables
75
AGLGas DisCom
75
Utility amp Power PortfolioTransport amp Logistics Portfolio
AAPTPort
SRPCLRail
100 100
AAHLAirports
ATrLRoads
100 100
AWLWater
Data Centre
100 100
~USD 281 bn
Green colour represent public traded listed verticals
5 As on Dec 31 2019 USDINR ndash 7136 | Note - Percentages denote promoter holding
APSEZ ndash Adani Ports and SEZ AAPT ndash Adani Abbot Point TerminalSRCPL ndash Sarguja Rail Corridor Pvt Ltd
TampD ndash Transmission and DistributionIPP ndash Independent Power Producer ATLAPLAGELAGL ndash Adani Transmission PowerGreen Energy Gas Ltd
AAHL ndash Adani Airports Holding LtdATrL ndash Adani Transport LtdAWL ndash Adani Water Ltd
Adani Group A simple robust amp proven model to deliver RoE
Development Operations
Capital MgmtOperationConstructionSite DevelopmentOrigination
Phases
Phase
Activity
Performance
bull Analysis amp market intelligence
bull Viability analysisbull Strategic value
bull Site acquisitionbull Concessions and
regulatory agreements
bull Investment case development
bull Engineering amp design
bull Sourcing amp quality levels
bull Equity amp debt funding at project
bull Life cycle OampM planning
bull Asset Management plan
bull OampM optimisations eg Solar plants
bull Ops phase funding consistent with asset life
bull Completing complex developments on time amp budget eg APL
bull Envisaging evolution of sector eg Adani Transmission
Low capital cost time bound amp quality completion providing long term stable cashflow amp enhanced RoE
bull Redefining the space eg Mundra Port
APSEZ ATL AGEL amp AEML only Pr ivate sector Infrast ructure IG issuers in India
Post Operations
6
Indiarsquos Largest Commercial Port
Adani Group Robust business model applied consistently to drive value
Includes listed Group Companies
Development at scale amp within time and budget
Key Business Model Attributes
Excellence in OampM ndashbenchmarked to global standards
Diverse financing sources ndash only Indian infrastructure portfolio
with three Investment Grade (IG) issuers
Successfully applied across Infrastructure amp utility platform
648 MW Ultra Mega Solar Power Plant
Longest Private HVDC Line in Asia
Largest Single Location Private Thermal IPP
Highest Margin among Peers in the World
EBITDA margin 6512
Lowest capex MWamong Peers
Constructed and Commissioned 9 months
EBITDA margin 9014
Highest availabilityamong Peers
EBITDA margin 9113
APSEZ ATL AGEL APL
7
Note 1 Data for FY19 2 Excludes forex gainslosses 3 EBITDA = PBT + Depreciation + Net Finance Costs ndash Other Income 4 EBITDA Margin represents EBITDA earned from power sales and exclude other items
PSU 55
Private Banks31
Bonds14
March 2016
PSU 38
Private Banks31
Bonds31
September 2019
8
Company Profile8
Mundra Port
99
APSEZ Repeatable robust and proven model to deliver RoE
bull Robust amp customer-centric business model leveraging technology
bull Best in industry Port EBITDA - 70
bull Implementing programmes for green port reduction in carbon footprint water conservation and waste reduction
bull Committed to continuous improvement in Health amp Safety standards
bull Investment grade rating
bull Capital allocation policy
bull Dividend amp Shareholder Return policy
bull ESG Adherence
bull Enterprise Risk Management Framework being implemented
bull Proven experience construction experience with efficient engineering amp procurement
bull Successful construction for varied facilities amp sites
bull New terminals for LNG and LPG
bull String of pearls -serving international trade with presence at 11 locations on coastline Customised facilities for ndash steel fertilizer etc
bull Mechanised facilities amp end-to-end logistics in hinterland
bull Aggregate landside area now significant across east amp west coast
bull Catering to complete economic hinterland of the country
bull Laser focus on returns and ROCE analysis ndash20 + for Mundra Hazira and improving for Dhamra and Katupalli
bull Successful and timely move into container and liquids business
bull Serving new business opportunities ndash LNG amp LPG
OperationsDevelopment
Origination Site Development Construction Operation Capital Mgmt
Achieving stated goal of east coast parity with west coast
Achieved objective of long dated tenor
(29 years to ~6 years)
1010Note
1 Under construction
APSEZ ndash Indiarsquos Largest Integrated Ports amp Logistics Player
Tuna
Dahej
Hazira
Mundra
Mormugao Dhamra
Patli
Kishangarh
Kilaraipur
Mundra Indiarsquos
largest Commercial
Port
ldquoString of Ten Portsrdquo across Indiarsquos Coastline with four logistics parks
Kanech
Tuna
Dahej
Hazira
Mundra
Mormugao
Vizhinjam (1)
Kattupalli
Ennore
Vizag
Dhamra
Patli
Kishangarh
Kilaraipur
Multipurpose ports
Bulk terminals
Container terminals
Logistics Parks
Mundra Indiarsquos
largest Commercial
Port Kanech
Yangon
Myanmar(1)
25
53
108
2009 2013 2019
03
06
16
2009 2013 2019
14
39
81
2009 2013 2019
Note
Market Cap on 31st Mar 2019 USD INR exchange rate on 31st Mar 2019 was Rs6915
Revenue for the financial year ended March 31 2019 Revenue refers to the total revenue of APSEZ minus other income USD INR exchange rate on 31st Mar 2019 was Rs6915
Total Assets as on March 31 2019 USD INR exchange rate on 31st Mar 2019 was Rs6915
10
in USD Bn
Market Cap
Revenue
Total Asset
1111
Cargo
13
CAGR(FY19-25)
APSEZ ndash Achieved 200 MMT in FY19 next 200 MMT to be achieved within 5 years
CAGR (FY09-19)
19
36
93
151168
208
429
-50
50
150
250
350
450
FY09 FY11 FY13 FY15 FY17 FY19 FY21 FY23 FY25
bull Mundra LNG LPG and CT2 extension
bull Phase I -Myanmar 05 Mn TEUs
FY25bull No of Ports 12 JV-2bull Capacity 585 MMT
(MMT)
Source Internal calculation
bull Dhamra LNGbull Vijhinzam
FY21bull Krishnapatanam
Cargo
22Revenue
22EBITDA
FY19bull No of Port 10 JV-2bull Capacity 395 MMTbull Revenue 10925 Crbull EBITDA 7067 Cr
FY09bull No of Port 1bull Capacity 80 MMTbull Revenue 1496 Crbull EBITDA 966 Cr
This includes inorganic growth and new capacitiesTo be acquired with Capacity 60MMT
Above financials are based on standalone Consolidated financials eliminates inter company transactionsOthers - includes Shanti Sagar International Dredging Australia Ops Aviation and UtilitiesTerminals - Include Tuna Goa Ennore and Vizag
Hazira - EBITDA higher due to 21 increase in liquid cargo
Dhamra ndashEBITDA margin of 9M FY19 is not comparable as pre-monsoon dredging cost of Rs42 cr is included in it normalized EBITDA margins was 55
Mundra - Revenue is lower due to lower SEZ amp Port Development revenue by Rs378 cr
Terminal- EBITDA Lower as Tuna operating expenses were higher due to maintenance dredging of Rs14 cr
bull Cash flow from operations after changes in working capital and investing activities to be in the range of Rs2000 cr to Rs2250 cr
Free Cash Flow
Does not include acquisition related cash flow
2525
26
Environment Social amp Governance (ESG)
MSCI ndash Morgan Stanley Capital InternationalDJSI ndash Dow Jones Sustainability Index
Update
bull DJSI invited APSEZ to participate in DJSIrsquos world enlarged and emerging market index
Focus Areas
bull Efficient use of water and energy from cleaner sources
bull Reduction of emission levels
bull Zero tolerance for fatalities at ports
Current ESG Rating
bull As per MSCI APSEZ is rated lsquoCCCrsquo we are engaging
with MSCI for revision
26
27
Energy Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysisFuel Grid and Renewable energy are considered for energy performance analysis
Energy Intensity is for per MMT of cargo
bull Energy Intensity for standalone decreased by 3 Increased by 1 for consolidated operations due to change in cargo mix
bull 343 of total energy consumed was from renewable energy sources
27
109
26
7
128
92
2
1174
06
119
715
110
75
7
118
76
2
40
90
86
39
56
13
42
26
46
44
79
40
43
06
72
43
32
12
5868 57125341 5194
5648 5605
9166
80468333
85938944
8309
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
0
50000
100000
150000
200000
250000
300000
350000
400000
450000
500000
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Energy (GJ) Energy Intensity (GJMMT)
(YoY)
28
Emission Performance ndash 9M FY20
bull Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
bull Scope 1 amp Scope 2 emissions are considered for emission performance analysisbull Emission Intensity is for per MMT of cargo
bull GHG emission intensity for standalone has decreased by 3
bull Increased by 3 for consolidated operations due to change in cargo mix
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Industrial (dust suppression tank washing amp others ) and domestic water consumption details are considered for water performance analysisWater Intensity is for per MMT of cargo
bull Water Intensity has increased by 3 for standalone and 17 for consolidated operations due to change in cargo mix
bull 80 of water consumption is from sources other than fresh water (sea water waste water from other industries reuse of own treated wastewater)
29
24
0
22
7
23
8
26
4
23
0
24
2
80
5
75
7
974
1276
93
7
92
7
13
1011
11 12 11
18
15
19
24
19
18
0
5
10
15
20
25
30
0
200
400
600
800
1000
1200
1400
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Water Consumption (ML) Water Intensity (MLMMT)
(YoY)
30
Health amp Safety Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Overall Safety Performance (On Roll + Contractual + Third Party Associates)
bull There were two fatalities of contractors workers laborers during FY20 Detailed investigation of these incidents have been carried out and corrective actions across all the operational sites has been taken to prevent reoccurrence of such incidents
Work Related Injury (Fatality) High Consequence Work Related Injuries (LTI) Recordable Work Related Injuries (Fatality + LTI)
Number Rate
(YoY)
3131
1) SAKSHAM
Aims to make 3 lakh Indian youth skilled by 2022 ASDC has more than 30 centres across the
nation for facilitating skill development through various courses 5027 aspirants enrolled
under various ASDC courses and new projects
2) Udaan
Inspiration based plant visit for schools and college students at 3 port locations (Mundra
Dhamra and Hazira)
3) Swachhagraha
Inculcating Culture of Cleanliness in 3 port locations and covering 48 town cities across 17
states programme as a whole
4) SuPoshan
Curbing Malnutrition amp Anaemia with Community based approach at 5 port locations
Activities includes Anthropometric measurement process of children in age group 0-5 years
HB screening process undertaken by Sangini for the adolescents pregnant and lactating
mothers
Corporate Social Responsibility ndash Major Initiatives
31
3232
Corporate Social Responsibility ndash Adani Foundation
32
Adani Ports amp SEZ received lsquoHonorary Special MentionAwardrsquo at the National Corporate Social ResponsibilityAwards ceremony organized by the Ministry of CorporateAffairs in New Delhi APSEZ was recognized for lsquoCSR inChallenging Circumstancesrsquo in the western region andcreating sustainable impact on incomes and overall livingstandards of the fishermen community in Gujarat
After successful implementation in 17 schools of Mundra Project Utthan has been launched in 18 schools across Nakhatrana (Kutch) and Hazira (Surat) Under Utthan Adani Foundation has adopted Government Primary Schools in Kutch region with an aim to improve the quality of teaching learning with focus on the lsquoPriya Vidyarthirsquo (name given by the Government for students who are academically weak) Currently the project impacts 2411 students
3333
Corporate Social Responsibility ndash Adani Foundation
33
Adani Vidya Mandir Ahmedabad hosted a three-day awareness workshop on AccreditationStandard for Quality School Governance The workshop was organised by Quality Councilof India 18 Heads of Schools from Gujarat Maharashtra and Rajasthan attended theworkshop
bull The students of Adani Vidya Mandir Ahmedabad Dhruv Dave Kirtan Saraiyaand Bhavya Mehta from class 10 were the top scorers in the Aryabhatt GanitChallenge
bull Students of AVMA participated and won medals in the various athletic andgroup events such as Kho-Kho Kabaddi and Volleyball at the Inter-school sportscompetition conducted by Zydus School for Excellence Godhavi on December21
Adani Skill Development Centre has trained 50000 people for various skillsand generated 65 livelihood through 45 courses in 9 states in its 3frac12 years ofoperations Adani Foundation celebrated this significant milestone at aceremony organised at Adani Corporate House in Ahmedabad
Students from Adani Vidya Mandir Ahmedabad won medals at the CBSE Cluster XIIIAthletics Meet 2019 in Vadodara Gujarat Adani Public School Mundra bagged 2 Gold(Discus amp Javelin) 1 Silver (Shot Put) and 1 Bronze (Athletics) The winners will nowrepresent their schools at the CBSE Zonal Athletics Meet 2019
3434
Corporate Social Responsibility ndash Adani Foundation
34
bull Adani Foundation organised a Mini Marathon on the auspicious occasion of Gandhi Jayanti under Swachhagraha project 400 studentsparticipated in the Marathon
bull Adani Foundation got Award under ldquoPar Excellencerdquo category from Quality Circle Forum of India ndash National Case Study presentationcompetition Case Study Topic was ldquoMangroves Afforestation and Alternate Livelihoodrdquo
bull A team of 50 community volunteers formed a group named as lsquoAngel Armyrsquo They are trained on cancer detection The Angel Army visited 1000households in Kottappuram and Harbour wards Vizhinjam They identified 150 people suspected of having cancer Out of these 137 peopleattended the camp
HelpAge India felicitated Adani Foundation for its invaluablecontribution in providing basic healthcare facilities to seniorcitizens
Fortune SuPoshan celebrated the 2019 Global HandwashingDay across all its sites Fortune SuPoshan aims to curbmalnutrition and anemia among women and children
35
Annexures
35
Silos of Adani Agri Logistics
Adani Ports and SEZ Limited
Financial Results as per SEBI format
Port Wise Details Q3 FY20
Consolidated Financial Performance Q3 FY20
Segment Financials Q3 FY20
Cargo Break up
+
+
+
+
+
37
Cargo Comparison ndash APSEZ vs All India Ports ndash Q3 FY20
APSEZ Total Throughput All India Ports Total Cargo
All India Container Volume
5 Growth
6 Growth
-As per internal estimates Excluding non Adani and coastal LNG LPG Volume (Cargo in MMT)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
bull Largest gas amp electricity distribution portfolio
Locked in Growth 2020 ndash Airports amp Roads
bull Water amp Data Centre Business
4
Adani Group A world class infrastructure amp utility platform
Adani
No 1 in Ports TampD and IPP (Thermal and renewables) in India
Independent verticals with independent boards - Integrating ESG into value creation
Addressable utility market- 32 million customers in ATL amp ~ 10 million in AGL
Addressable market in Airports ~125 million customers
Adani
APSEZPort amp Logistics
AELIncubator
75
75
APLIPP
ATLTampD
625 75
AGELRenewables
75
AGLGas DisCom
75
Utility amp Power PortfolioTransport amp Logistics Portfolio
AAPTPort
SRPCLRail
100 100
AAHLAirports
ATrLRoads
100 100
AWLWater
Data Centre
100 100
~USD 281 bn
Green colour represent public traded listed verticals
5 As on Dec 31 2019 USDINR ndash 7136 | Note - Percentages denote promoter holding
APSEZ ndash Adani Ports and SEZ AAPT ndash Adani Abbot Point TerminalSRCPL ndash Sarguja Rail Corridor Pvt Ltd
TampD ndash Transmission and DistributionIPP ndash Independent Power Producer ATLAPLAGELAGL ndash Adani Transmission PowerGreen Energy Gas Ltd
AAHL ndash Adani Airports Holding LtdATrL ndash Adani Transport LtdAWL ndash Adani Water Ltd
Adani Group A simple robust amp proven model to deliver RoE
Development Operations
Capital MgmtOperationConstructionSite DevelopmentOrigination
Phases
Phase
Activity
Performance
bull Analysis amp market intelligence
bull Viability analysisbull Strategic value
bull Site acquisitionbull Concessions and
regulatory agreements
bull Investment case development
bull Engineering amp design
bull Sourcing amp quality levels
bull Equity amp debt funding at project
bull Life cycle OampM planning
bull Asset Management plan
bull OampM optimisations eg Solar plants
bull Ops phase funding consistent with asset life
bull Completing complex developments on time amp budget eg APL
bull Envisaging evolution of sector eg Adani Transmission
Low capital cost time bound amp quality completion providing long term stable cashflow amp enhanced RoE
bull Redefining the space eg Mundra Port
APSEZ ATL AGEL amp AEML only Pr ivate sector Infrast ructure IG issuers in India
Post Operations
6
Indiarsquos Largest Commercial Port
Adani Group Robust business model applied consistently to drive value
Includes listed Group Companies
Development at scale amp within time and budget
Key Business Model Attributes
Excellence in OampM ndashbenchmarked to global standards
Diverse financing sources ndash only Indian infrastructure portfolio
with three Investment Grade (IG) issuers
Successfully applied across Infrastructure amp utility platform
648 MW Ultra Mega Solar Power Plant
Longest Private HVDC Line in Asia
Largest Single Location Private Thermal IPP
Highest Margin among Peers in the World
EBITDA margin 6512
Lowest capex MWamong Peers
Constructed and Commissioned 9 months
EBITDA margin 9014
Highest availabilityamong Peers
EBITDA margin 9113
APSEZ ATL AGEL APL
7
Note 1 Data for FY19 2 Excludes forex gainslosses 3 EBITDA = PBT + Depreciation + Net Finance Costs ndash Other Income 4 EBITDA Margin represents EBITDA earned from power sales and exclude other items
PSU 55
Private Banks31
Bonds14
March 2016
PSU 38
Private Banks31
Bonds31
September 2019
8
Company Profile8
Mundra Port
99
APSEZ Repeatable robust and proven model to deliver RoE
bull Robust amp customer-centric business model leveraging technology
bull Best in industry Port EBITDA - 70
bull Implementing programmes for green port reduction in carbon footprint water conservation and waste reduction
bull Committed to continuous improvement in Health amp Safety standards
bull Investment grade rating
bull Capital allocation policy
bull Dividend amp Shareholder Return policy
bull ESG Adherence
bull Enterprise Risk Management Framework being implemented
bull Proven experience construction experience with efficient engineering amp procurement
bull Successful construction for varied facilities amp sites
bull New terminals for LNG and LPG
bull String of pearls -serving international trade with presence at 11 locations on coastline Customised facilities for ndash steel fertilizer etc
bull Mechanised facilities amp end-to-end logistics in hinterland
bull Aggregate landside area now significant across east amp west coast
bull Catering to complete economic hinterland of the country
bull Laser focus on returns and ROCE analysis ndash20 + for Mundra Hazira and improving for Dhamra and Katupalli
bull Successful and timely move into container and liquids business
bull Serving new business opportunities ndash LNG amp LPG
OperationsDevelopment
Origination Site Development Construction Operation Capital Mgmt
Achieving stated goal of east coast parity with west coast
Achieved objective of long dated tenor
(29 years to ~6 years)
1010Note
1 Under construction
APSEZ ndash Indiarsquos Largest Integrated Ports amp Logistics Player
Tuna
Dahej
Hazira
Mundra
Mormugao Dhamra
Patli
Kishangarh
Kilaraipur
Mundra Indiarsquos
largest Commercial
Port
ldquoString of Ten Portsrdquo across Indiarsquos Coastline with four logistics parks
Kanech
Tuna
Dahej
Hazira
Mundra
Mormugao
Vizhinjam (1)
Kattupalli
Ennore
Vizag
Dhamra
Patli
Kishangarh
Kilaraipur
Multipurpose ports
Bulk terminals
Container terminals
Logistics Parks
Mundra Indiarsquos
largest Commercial
Port Kanech
Yangon
Myanmar(1)
25
53
108
2009 2013 2019
03
06
16
2009 2013 2019
14
39
81
2009 2013 2019
Note
Market Cap on 31st Mar 2019 USD INR exchange rate on 31st Mar 2019 was Rs6915
Revenue for the financial year ended March 31 2019 Revenue refers to the total revenue of APSEZ minus other income USD INR exchange rate on 31st Mar 2019 was Rs6915
Total Assets as on March 31 2019 USD INR exchange rate on 31st Mar 2019 was Rs6915
10
in USD Bn
Market Cap
Revenue
Total Asset
1111
Cargo
13
CAGR(FY19-25)
APSEZ ndash Achieved 200 MMT in FY19 next 200 MMT to be achieved within 5 years
CAGR (FY09-19)
19
36
93
151168
208
429
-50
50
150
250
350
450
FY09 FY11 FY13 FY15 FY17 FY19 FY21 FY23 FY25
bull Mundra LNG LPG and CT2 extension
bull Phase I -Myanmar 05 Mn TEUs
FY25bull No of Ports 12 JV-2bull Capacity 585 MMT
(MMT)
Source Internal calculation
bull Dhamra LNGbull Vijhinzam
FY21bull Krishnapatanam
Cargo
22Revenue
22EBITDA
FY19bull No of Port 10 JV-2bull Capacity 395 MMTbull Revenue 10925 Crbull EBITDA 7067 Cr
FY09bull No of Port 1bull Capacity 80 MMTbull Revenue 1496 Crbull EBITDA 966 Cr
This includes inorganic growth and new capacitiesTo be acquired with Capacity 60MMT
Above financials are based on standalone Consolidated financials eliminates inter company transactionsOthers - includes Shanti Sagar International Dredging Australia Ops Aviation and UtilitiesTerminals - Include Tuna Goa Ennore and Vizag
Hazira - EBITDA higher due to 21 increase in liquid cargo
Dhamra ndashEBITDA margin of 9M FY19 is not comparable as pre-monsoon dredging cost of Rs42 cr is included in it normalized EBITDA margins was 55
Mundra - Revenue is lower due to lower SEZ amp Port Development revenue by Rs378 cr
Terminal- EBITDA Lower as Tuna operating expenses were higher due to maintenance dredging of Rs14 cr
bull Cash flow from operations after changes in working capital and investing activities to be in the range of Rs2000 cr to Rs2250 cr
Free Cash Flow
Does not include acquisition related cash flow
2525
26
Environment Social amp Governance (ESG)
MSCI ndash Morgan Stanley Capital InternationalDJSI ndash Dow Jones Sustainability Index
Update
bull DJSI invited APSEZ to participate in DJSIrsquos world enlarged and emerging market index
Focus Areas
bull Efficient use of water and energy from cleaner sources
bull Reduction of emission levels
bull Zero tolerance for fatalities at ports
Current ESG Rating
bull As per MSCI APSEZ is rated lsquoCCCrsquo we are engaging
with MSCI for revision
26
27
Energy Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysisFuel Grid and Renewable energy are considered for energy performance analysis
Energy Intensity is for per MMT of cargo
bull Energy Intensity for standalone decreased by 3 Increased by 1 for consolidated operations due to change in cargo mix
bull 343 of total energy consumed was from renewable energy sources
27
109
26
7
128
92
2
1174
06
119
715
110
75
7
118
76
2
40
90
86
39
56
13
42
26
46
44
79
40
43
06
72
43
32
12
5868 57125341 5194
5648 5605
9166
80468333
85938944
8309
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
0
50000
100000
150000
200000
250000
300000
350000
400000
450000
500000
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Energy (GJ) Energy Intensity (GJMMT)
(YoY)
28
Emission Performance ndash 9M FY20
bull Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
bull Scope 1 amp Scope 2 emissions are considered for emission performance analysisbull Emission Intensity is for per MMT of cargo
bull GHG emission intensity for standalone has decreased by 3
bull Increased by 3 for consolidated operations due to change in cargo mix
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Industrial (dust suppression tank washing amp others ) and domestic water consumption details are considered for water performance analysisWater Intensity is for per MMT of cargo
bull Water Intensity has increased by 3 for standalone and 17 for consolidated operations due to change in cargo mix
bull 80 of water consumption is from sources other than fresh water (sea water waste water from other industries reuse of own treated wastewater)
29
24
0
22
7
23
8
26
4
23
0
24
2
80
5
75
7
974
1276
93
7
92
7
13
1011
11 12 11
18
15
19
24
19
18
0
5
10
15
20
25
30
0
200
400
600
800
1000
1200
1400
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Water Consumption (ML) Water Intensity (MLMMT)
(YoY)
30
Health amp Safety Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Overall Safety Performance (On Roll + Contractual + Third Party Associates)
bull There were two fatalities of contractors workers laborers during FY20 Detailed investigation of these incidents have been carried out and corrective actions across all the operational sites has been taken to prevent reoccurrence of such incidents
Work Related Injury (Fatality) High Consequence Work Related Injuries (LTI) Recordable Work Related Injuries (Fatality + LTI)
Number Rate
(YoY)
3131
1) SAKSHAM
Aims to make 3 lakh Indian youth skilled by 2022 ASDC has more than 30 centres across the
nation for facilitating skill development through various courses 5027 aspirants enrolled
under various ASDC courses and new projects
2) Udaan
Inspiration based plant visit for schools and college students at 3 port locations (Mundra
Dhamra and Hazira)
3) Swachhagraha
Inculcating Culture of Cleanliness in 3 port locations and covering 48 town cities across 17
states programme as a whole
4) SuPoshan
Curbing Malnutrition amp Anaemia with Community based approach at 5 port locations
Activities includes Anthropometric measurement process of children in age group 0-5 years
HB screening process undertaken by Sangini for the adolescents pregnant and lactating
mothers
Corporate Social Responsibility ndash Major Initiatives
31
3232
Corporate Social Responsibility ndash Adani Foundation
32
Adani Ports amp SEZ received lsquoHonorary Special MentionAwardrsquo at the National Corporate Social ResponsibilityAwards ceremony organized by the Ministry of CorporateAffairs in New Delhi APSEZ was recognized for lsquoCSR inChallenging Circumstancesrsquo in the western region andcreating sustainable impact on incomes and overall livingstandards of the fishermen community in Gujarat
After successful implementation in 17 schools of Mundra Project Utthan has been launched in 18 schools across Nakhatrana (Kutch) and Hazira (Surat) Under Utthan Adani Foundation has adopted Government Primary Schools in Kutch region with an aim to improve the quality of teaching learning with focus on the lsquoPriya Vidyarthirsquo (name given by the Government for students who are academically weak) Currently the project impacts 2411 students
3333
Corporate Social Responsibility ndash Adani Foundation
33
Adani Vidya Mandir Ahmedabad hosted a three-day awareness workshop on AccreditationStandard for Quality School Governance The workshop was organised by Quality Councilof India 18 Heads of Schools from Gujarat Maharashtra and Rajasthan attended theworkshop
bull The students of Adani Vidya Mandir Ahmedabad Dhruv Dave Kirtan Saraiyaand Bhavya Mehta from class 10 were the top scorers in the Aryabhatt GanitChallenge
bull Students of AVMA participated and won medals in the various athletic andgroup events such as Kho-Kho Kabaddi and Volleyball at the Inter-school sportscompetition conducted by Zydus School for Excellence Godhavi on December21
Adani Skill Development Centre has trained 50000 people for various skillsand generated 65 livelihood through 45 courses in 9 states in its 3frac12 years ofoperations Adani Foundation celebrated this significant milestone at aceremony organised at Adani Corporate House in Ahmedabad
Students from Adani Vidya Mandir Ahmedabad won medals at the CBSE Cluster XIIIAthletics Meet 2019 in Vadodara Gujarat Adani Public School Mundra bagged 2 Gold(Discus amp Javelin) 1 Silver (Shot Put) and 1 Bronze (Athletics) The winners will nowrepresent their schools at the CBSE Zonal Athletics Meet 2019
3434
Corporate Social Responsibility ndash Adani Foundation
34
bull Adani Foundation organised a Mini Marathon on the auspicious occasion of Gandhi Jayanti under Swachhagraha project 400 studentsparticipated in the Marathon
bull Adani Foundation got Award under ldquoPar Excellencerdquo category from Quality Circle Forum of India ndash National Case Study presentationcompetition Case Study Topic was ldquoMangroves Afforestation and Alternate Livelihoodrdquo
bull A team of 50 community volunteers formed a group named as lsquoAngel Armyrsquo They are trained on cancer detection The Angel Army visited 1000households in Kottappuram and Harbour wards Vizhinjam They identified 150 people suspected of having cancer Out of these 137 peopleattended the camp
HelpAge India felicitated Adani Foundation for its invaluablecontribution in providing basic healthcare facilities to seniorcitizens
Fortune SuPoshan celebrated the 2019 Global HandwashingDay across all its sites Fortune SuPoshan aims to curbmalnutrition and anemia among women and children
35
Annexures
35
Silos of Adani Agri Logistics
Adani Ports and SEZ Limited
Financial Results as per SEBI format
Port Wise Details Q3 FY20
Consolidated Financial Performance Q3 FY20
Segment Financials Q3 FY20
Cargo Break up
+
+
+
+
+
37
Cargo Comparison ndash APSEZ vs All India Ports ndash Q3 FY20
APSEZ Total Throughput All India Ports Total Cargo
All India Container Volume
5 Growth
6 Growth
-As per internal estimates Excluding non Adani and coastal LNG LPG Volume (Cargo in MMT)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
bull Largest gas amp electricity distribution portfolio
Locked in Growth 2020 ndash Airports amp Roads
bull Water amp Data Centre Business
4
Adani Group A world class infrastructure amp utility platform
Adani
No 1 in Ports TampD and IPP (Thermal and renewables) in India
Independent verticals with independent boards - Integrating ESG into value creation
Addressable utility market- 32 million customers in ATL amp ~ 10 million in AGL
Addressable market in Airports ~125 million customers
Adani
APSEZPort amp Logistics
AELIncubator
75
75
APLIPP
ATLTampD
625 75
AGELRenewables
75
AGLGas DisCom
75
Utility amp Power PortfolioTransport amp Logistics Portfolio
AAPTPort
SRPCLRail
100 100
AAHLAirports
ATrLRoads
100 100
AWLWater
Data Centre
100 100
~USD 281 bn
Green colour represent public traded listed verticals
5 As on Dec 31 2019 USDINR ndash 7136 | Note - Percentages denote promoter holding
APSEZ ndash Adani Ports and SEZ AAPT ndash Adani Abbot Point TerminalSRCPL ndash Sarguja Rail Corridor Pvt Ltd
TampD ndash Transmission and DistributionIPP ndash Independent Power Producer ATLAPLAGELAGL ndash Adani Transmission PowerGreen Energy Gas Ltd
AAHL ndash Adani Airports Holding LtdATrL ndash Adani Transport LtdAWL ndash Adani Water Ltd
Adani Group A simple robust amp proven model to deliver RoE
Development Operations
Capital MgmtOperationConstructionSite DevelopmentOrigination
Phases
Phase
Activity
Performance
bull Analysis amp market intelligence
bull Viability analysisbull Strategic value
bull Site acquisitionbull Concessions and
regulatory agreements
bull Investment case development
bull Engineering amp design
bull Sourcing amp quality levels
bull Equity amp debt funding at project
bull Life cycle OampM planning
bull Asset Management plan
bull OampM optimisations eg Solar plants
bull Ops phase funding consistent with asset life
bull Completing complex developments on time amp budget eg APL
bull Envisaging evolution of sector eg Adani Transmission
Low capital cost time bound amp quality completion providing long term stable cashflow amp enhanced RoE
bull Redefining the space eg Mundra Port
APSEZ ATL AGEL amp AEML only Pr ivate sector Infrast ructure IG issuers in India
Post Operations
6
Indiarsquos Largest Commercial Port
Adani Group Robust business model applied consistently to drive value
Includes listed Group Companies
Development at scale amp within time and budget
Key Business Model Attributes
Excellence in OampM ndashbenchmarked to global standards
Diverse financing sources ndash only Indian infrastructure portfolio
with three Investment Grade (IG) issuers
Successfully applied across Infrastructure amp utility platform
648 MW Ultra Mega Solar Power Plant
Longest Private HVDC Line in Asia
Largest Single Location Private Thermal IPP
Highest Margin among Peers in the World
EBITDA margin 6512
Lowest capex MWamong Peers
Constructed and Commissioned 9 months
EBITDA margin 9014
Highest availabilityamong Peers
EBITDA margin 9113
APSEZ ATL AGEL APL
7
Note 1 Data for FY19 2 Excludes forex gainslosses 3 EBITDA = PBT + Depreciation + Net Finance Costs ndash Other Income 4 EBITDA Margin represents EBITDA earned from power sales and exclude other items
PSU 55
Private Banks31
Bonds14
March 2016
PSU 38
Private Banks31
Bonds31
September 2019
8
Company Profile8
Mundra Port
99
APSEZ Repeatable robust and proven model to deliver RoE
bull Robust amp customer-centric business model leveraging technology
bull Best in industry Port EBITDA - 70
bull Implementing programmes for green port reduction in carbon footprint water conservation and waste reduction
bull Committed to continuous improvement in Health amp Safety standards
bull Investment grade rating
bull Capital allocation policy
bull Dividend amp Shareholder Return policy
bull ESG Adherence
bull Enterprise Risk Management Framework being implemented
bull Proven experience construction experience with efficient engineering amp procurement
bull Successful construction for varied facilities amp sites
bull New terminals for LNG and LPG
bull String of pearls -serving international trade with presence at 11 locations on coastline Customised facilities for ndash steel fertilizer etc
bull Mechanised facilities amp end-to-end logistics in hinterland
bull Aggregate landside area now significant across east amp west coast
bull Catering to complete economic hinterland of the country
bull Laser focus on returns and ROCE analysis ndash20 + for Mundra Hazira and improving for Dhamra and Katupalli
bull Successful and timely move into container and liquids business
bull Serving new business opportunities ndash LNG amp LPG
OperationsDevelopment
Origination Site Development Construction Operation Capital Mgmt
Achieving stated goal of east coast parity with west coast
Achieved objective of long dated tenor
(29 years to ~6 years)
1010Note
1 Under construction
APSEZ ndash Indiarsquos Largest Integrated Ports amp Logistics Player
Tuna
Dahej
Hazira
Mundra
Mormugao Dhamra
Patli
Kishangarh
Kilaraipur
Mundra Indiarsquos
largest Commercial
Port
ldquoString of Ten Portsrdquo across Indiarsquos Coastline with four logistics parks
Kanech
Tuna
Dahej
Hazira
Mundra
Mormugao
Vizhinjam (1)
Kattupalli
Ennore
Vizag
Dhamra
Patli
Kishangarh
Kilaraipur
Multipurpose ports
Bulk terminals
Container terminals
Logistics Parks
Mundra Indiarsquos
largest Commercial
Port Kanech
Yangon
Myanmar(1)
25
53
108
2009 2013 2019
03
06
16
2009 2013 2019
14
39
81
2009 2013 2019
Note
Market Cap on 31st Mar 2019 USD INR exchange rate on 31st Mar 2019 was Rs6915
Revenue for the financial year ended March 31 2019 Revenue refers to the total revenue of APSEZ minus other income USD INR exchange rate on 31st Mar 2019 was Rs6915
Total Assets as on March 31 2019 USD INR exchange rate on 31st Mar 2019 was Rs6915
10
in USD Bn
Market Cap
Revenue
Total Asset
1111
Cargo
13
CAGR(FY19-25)
APSEZ ndash Achieved 200 MMT in FY19 next 200 MMT to be achieved within 5 years
CAGR (FY09-19)
19
36
93
151168
208
429
-50
50
150
250
350
450
FY09 FY11 FY13 FY15 FY17 FY19 FY21 FY23 FY25
bull Mundra LNG LPG and CT2 extension
bull Phase I -Myanmar 05 Mn TEUs
FY25bull No of Ports 12 JV-2bull Capacity 585 MMT
(MMT)
Source Internal calculation
bull Dhamra LNGbull Vijhinzam
FY21bull Krishnapatanam
Cargo
22Revenue
22EBITDA
FY19bull No of Port 10 JV-2bull Capacity 395 MMTbull Revenue 10925 Crbull EBITDA 7067 Cr
FY09bull No of Port 1bull Capacity 80 MMTbull Revenue 1496 Crbull EBITDA 966 Cr
This includes inorganic growth and new capacitiesTo be acquired with Capacity 60MMT
Above financials are based on standalone Consolidated financials eliminates inter company transactionsOthers - includes Shanti Sagar International Dredging Australia Ops Aviation and UtilitiesTerminals - Include Tuna Goa Ennore and Vizag
Hazira - EBITDA higher due to 21 increase in liquid cargo
Dhamra ndashEBITDA margin of 9M FY19 is not comparable as pre-monsoon dredging cost of Rs42 cr is included in it normalized EBITDA margins was 55
Mundra - Revenue is lower due to lower SEZ amp Port Development revenue by Rs378 cr
Terminal- EBITDA Lower as Tuna operating expenses were higher due to maintenance dredging of Rs14 cr
bull Cash flow from operations after changes in working capital and investing activities to be in the range of Rs2000 cr to Rs2250 cr
Free Cash Flow
Does not include acquisition related cash flow
2525
26
Environment Social amp Governance (ESG)
MSCI ndash Morgan Stanley Capital InternationalDJSI ndash Dow Jones Sustainability Index
Update
bull DJSI invited APSEZ to participate in DJSIrsquos world enlarged and emerging market index
Focus Areas
bull Efficient use of water and energy from cleaner sources
bull Reduction of emission levels
bull Zero tolerance for fatalities at ports
Current ESG Rating
bull As per MSCI APSEZ is rated lsquoCCCrsquo we are engaging
with MSCI for revision
26
27
Energy Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysisFuel Grid and Renewable energy are considered for energy performance analysis
Energy Intensity is for per MMT of cargo
bull Energy Intensity for standalone decreased by 3 Increased by 1 for consolidated operations due to change in cargo mix
bull 343 of total energy consumed was from renewable energy sources
27
109
26
7
128
92
2
1174
06
119
715
110
75
7
118
76
2
40
90
86
39
56
13
42
26
46
44
79
40
43
06
72
43
32
12
5868 57125341 5194
5648 5605
9166
80468333
85938944
8309
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
0
50000
100000
150000
200000
250000
300000
350000
400000
450000
500000
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Energy (GJ) Energy Intensity (GJMMT)
(YoY)
28
Emission Performance ndash 9M FY20
bull Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
bull Scope 1 amp Scope 2 emissions are considered for emission performance analysisbull Emission Intensity is for per MMT of cargo
bull GHG emission intensity for standalone has decreased by 3
bull Increased by 3 for consolidated operations due to change in cargo mix
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Industrial (dust suppression tank washing amp others ) and domestic water consumption details are considered for water performance analysisWater Intensity is for per MMT of cargo
bull Water Intensity has increased by 3 for standalone and 17 for consolidated operations due to change in cargo mix
bull 80 of water consumption is from sources other than fresh water (sea water waste water from other industries reuse of own treated wastewater)
29
24
0
22
7
23
8
26
4
23
0
24
2
80
5
75
7
974
1276
93
7
92
7
13
1011
11 12 11
18
15
19
24
19
18
0
5
10
15
20
25
30
0
200
400
600
800
1000
1200
1400
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Water Consumption (ML) Water Intensity (MLMMT)
(YoY)
30
Health amp Safety Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Overall Safety Performance (On Roll + Contractual + Third Party Associates)
bull There were two fatalities of contractors workers laborers during FY20 Detailed investigation of these incidents have been carried out and corrective actions across all the operational sites has been taken to prevent reoccurrence of such incidents
Work Related Injury (Fatality) High Consequence Work Related Injuries (LTI) Recordable Work Related Injuries (Fatality + LTI)
Number Rate
(YoY)
3131
1) SAKSHAM
Aims to make 3 lakh Indian youth skilled by 2022 ASDC has more than 30 centres across the
nation for facilitating skill development through various courses 5027 aspirants enrolled
under various ASDC courses and new projects
2) Udaan
Inspiration based plant visit for schools and college students at 3 port locations (Mundra
Dhamra and Hazira)
3) Swachhagraha
Inculcating Culture of Cleanliness in 3 port locations and covering 48 town cities across 17
states programme as a whole
4) SuPoshan
Curbing Malnutrition amp Anaemia with Community based approach at 5 port locations
Activities includes Anthropometric measurement process of children in age group 0-5 years
HB screening process undertaken by Sangini for the adolescents pregnant and lactating
mothers
Corporate Social Responsibility ndash Major Initiatives
31
3232
Corporate Social Responsibility ndash Adani Foundation
32
Adani Ports amp SEZ received lsquoHonorary Special MentionAwardrsquo at the National Corporate Social ResponsibilityAwards ceremony organized by the Ministry of CorporateAffairs in New Delhi APSEZ was recognized for lsquoCSR inChallenging Circumstancesrsquo in the western region andcreating sustainable impact on incomes and overall livingstandards of the fishermen community in Gujarat
After successful implementation in 17 schools of Mundra Project Utthan has been launched in 18 schools across Nakhatrana (Kutch) and Hazira (Surat) Under Utthan Adani Foundation has adopted Government Primary Schools in Kutch region with an aim to improve the quality of teaching learning with focus on the lsquoPriya Vidyarthirsquo (name given by the Government for students who are academically weak) Currently the project impacts 2411 students
3333
Corporate Social Responsibility ndash Adani Foundation
33
Adani Vidya Mandir Ahmedabad hosted a three-day awareness workshop on AccreditationStandard for Quality School Governance The workshop was organised by Quality Councilof India 18 Heads of Schools from Gujarat Maharashtra and Rajasthan attended theworkshop
bull The students of Adani Vidya Mandir Ahmedabad Dhruv Dave Kirtan Saraiyaand Bhavya Mehta from class 10 were the top scorers in the Aryabhatt GanitChallenge
bull Students of AVMA participated and won medals in the various athletic andgroup events such as Kho-Kho Kabaddi and Volleyball at the Inter-school sportscompetition conducted by Zydus School for Excellence Godhavi on December21
Adani Skill Development Centre has trained 50000 people for various skillsand generated 65 livelihood through 45 courses in 9 states in its 3frac12 years ofoperations Adani Foundation celebrated this significant milestone at aceremony organised at Adani Corporate House in Ahmedabad
Students from Adani Vidya Mandir Ahmedabad won medals at the CBSE Cluster XIIIAthletics Meet 2019 in Vadodara Gujarat Adani Public School Mundra bagged 2 Gold(Discus amp Javelin) 1 Silver (Shot Put) and 1 Bronze (Athletics) The winners will nowrepresent their schools at the CBSE Zonal Athletics Meet 2019
3434
Corporate Social Responsibility ndash Adani Foundation
34
bull Adani Foundation organised a Mini Marathon on the auspicious occasion of Gandhi Jayanti under Swachhagraha project 400 studentsparticipated in the Marathon
bull Adani Foundation got Award under ldquoPar Excellencerdquo category from Quality Circle Forum of India ndash National Case Study presentationcompetition Case Study Topic was ldquoMangroves Afforestation and Alternate Livelihoodrdquo
bull A team of 50 community volunteers formed a group named as lsquoAngel Armyrsquo They are trained on cancer detection The Angel Army visited 1000households in Kottappuram and Harbour wards Vizhinjam They identified 150 people suspected of having cancer Out of these 137 peopleattended the camp
HelpAge India felicitated Adani Foundation for its invaluablecontribution in providing basic healthcare facilities to seniorcitizens
Fortune SuPoshan celebrated the 2019 Global HandwashingDay across all its sites Fortune SuPoshan aims to curbmalnutrition and anemia among women and children
35
Annexures
35
Silos of Adani Agri Logistics
Adani Ports and SEZ Limited
Financial Results as per SEBI format
Port Wise Details Q3 FY20
Consolidated Financial Performance Q3 FY20
Segment Financials Q3 FY20
Cargo Break up
+
+
+
+
+
37
Cargo Comparison ndash APSEZ vs All India Ports ndash Q3 FY20
APSEZ Total Throughput All India Ports Total Cargo
All India Container Volume
5 Growth
6 Growth
-As per internal estimates Excluding non Adani and coastal LNG LPG Volume (Cargo in MMT)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
bull Largest gas amp electricity distribution portfolio
Locked in Growth 2020 ndash Airports amp Roads
bull Water amp Data Centre Business
4
Adani Group A world class infrastructure amp utility platform
Adani
No 1 in Ports TampD and IPP (Thermal and renewables) in India
Independent verticals with independent boards - Integrating ESG into value creation
Addressable utility market- 32 million customers in ATL amp ~ 10 million in AGL
Addressable market in Airports ~125 million customers
Adani
APSEZPort amp Logistics
AELIncubator
75
75
APLIPP
ATLTampD
625 75
AGELRenewables
75
AGLGas DisCom
75
Utility amp Power PortfolioTransport amp Logistics Portfolio
AAPTPort
SRPCLRail
100 100
AAHLAirports
ATrLRoads
100 100
AWLWater
Data Centre
100 100
~USD 281 bn
Green colour represent public traded listed verticals
5 As on Dec 31 2019 USDINR ndash 7136 | Note - Percentages denote promoter holding
APSEZ ndash Adani Ports and SEZ AAPT ndash Adani Abbot Point TerminalSRCPL ndash Sarguja Rail Corridor Pvt Ltd
TampD ndash Transmission and DistributionIPP ndash Independent Power Producer ATLAPLAGELAGL ndash Adani Transmission PowerGreen Energy Gas Ltd
AAHL ndash Adani Airports Holding LtdATrL ndash Adani Transport LtdAWL ndash Adani Water Ltd
Adani Group A simple robust amp proven model to deliver RoE
Development Operations
Capital MgmtOperationConstructionSite DevelopmentOrigination
Phases
Phase
Activity
Performance
bull Analysis amp market intelligence
bull Viability analysisbull Strategic value
bull Site acquisitionbull Concessions and
regulatory agreements
bull Investment case development
bull Engineering amp design
bull Sourcing amp quality levels
bull Equity amp debt funding at project
bull Life cycle OampM planning
bull Asset Management plan
bull OampM optimisations eg Solar plants
bull Ops phase funding consistent with asset life
bull Completing complex developments on time amp budget eg APL
bull Envisaging evolution of sector eg Adani Transmission
Low capital cost time bound amp quality completion providing long term stable cashflow amp enhanced RoE
bull Redefining the space eg Mundra Port
APSEZ ATL AGEL amp AEML only Pr ivate sector Infrast ructure IG issuers in India
Post Operations
6
Indiarsquos Largest Commercial Port
Adani Group Robust business model applied consistently to drive value
Includes listed Group Companies
Development at scale amp within time and budget
Key Business Model Attributes
Excellence in OampM ndashbenchmarked to global standards
Diverse financing sources ndash only Indian infrastructure portfolio
with three Investment Grade (IG) issuers
Successfully applied across Infrastructure amp utility platform
648 MW Ultra Mega Solar Power Plant
Longest Private HVDC Line in Asia
Largest Single Location Private Thermal IPP
Highest Margin among Peers in the World
EBITDA margin 6512
Lowest capex MWamong Peers
Constructed and Commissioned 9 months
EBITDA margin 9014
Highest availabilityamong Peers
EBITDA margin 9113
APSEZ ATL AGEL APL
7
Note 1 Data for FY19 2 Excludes forex gainslosses 3 EBITDA = PBT + Depreciation + Net Finance Costs ndash Other Income 4 EBITDA Margin represents EBITDA earned from power sales and exclude other items
PSU 55
Private Banks31
Bonds14
March 2016
PSU 38
Private Banks31
Bonds31
September 2019
8
Company Profile8
Mundra Port
99
APSEZ Repeatable robust and proven model to deliver RoE
bull Robust amp customer-centric business model leveraging technology
bull Best in industry Port EBITDA - 70
bull Implementing programmes for green port reduction in carbon footprint water conservation and waste reduction
bull Committed to continuous improvement in Health amp Safety standards
bull Investment grade rating
bull Capital allocation policy
bull Dividend amp Shareholder Return policy
bull ESG Adherence
bull Enterprise Risk Management Framework being implemented
bull Proven experience construction experience with efficient engineering amp procurement
bull Successful construction for varied facilities amp sites
bull New terminals for LNG and LPG
bull String of pearls -serving international trade with presence at 11 locations on coastline Customised facilities for ndash steel fertilizer etc
bull Mechanised facilities amp end-to-end logistics in hinterland
bull Aggregate landside area now significant across east amp west coast
bull Catering to complete economic hinterland of the country
bull Laser focus on returns and ROCE analysis ndash20 + for Mundra Hazira and improving for Dhamra and Katupalli
bull Successful and timely move into container and liquids business
bull Serving new business opportunities ndash LNG amp LPG
OperationsDevelopment
Origination Site Development Construction Operation Capital Mgmt
Achieving stated goal of east coast parity with west coast
Achieved objective of long dated tenor
(29 years to ~6 years)
1010Note
1 Under construction
APSEZ ndash Indiarsquos Largest Integrated Ports amp Logistics Player
Tuna
Dahej
Hazira
Mundra
Mormugao Dhamra
Patli
Kishangarh
Kilaraipur
Mundra Indiarsquos
largest Commercial
Port
ldquoString of Ten Portsrdquo across Indiarsquos Coastline with four logistics parks
Kanech
Tuna
Dahej
Hazira
Mundra
Mormugao
Vizhinjam (1)
Kattupalli
Ennore
Vizag
Dhamra
Patli
Kishangarh
Kilaraipur
Multipurpose ports
Bulk terminals
Container terminals
Logistics Parks
Mundra Indiarsquos
largest Commercial
Port Kanech
Yangon
Myanmar(1)
25
53
108
2009 2013 2019
03
06
16
2009 2013 2019
14
39
81
2009 2013 2019
Note
Market Cap on 31st Mar 2019 USD INR exchange rate on 31st Mar 2019 was Rs6915
Revenue for the financial year ended March 31 2019 Revenue refers to the total revenue of APSEZ minus other income USD INR exchange rate on 31st Mar 2019 was Rs6915
Total Assets as on March 31 2019 USD INR exchange rate on 31st Mar 2019 was Rs6915
10
in USD Bn
Market Cap
Revenue
Total Asset
1111
Cargo
13
CAGR(FY19-25)
APSEZ ndash Achieved 200 MMT in FY19 next 200 MMT to be achieved within 5 years
CAGR (FY09-19)
19
36
93
151168
208
429
-50
50
150
250
350
450
FY09 FY11 FY13 FY15 FY17 FY19 FY21 FY23 FY25
bull Mundra LNG LPG and CT2 extension
bull Phase I -Myanmar 05 Mn TEUs
FY25bull No of Ports 12 JV-2bull Capacity 585 MMT
(MMT)
Source Internal calculation
bull Dhamra LNGbull Vijhinzam
FY21bull Krishnapatanam
Cargo
22Revenue
22EBITDA
FY19bull No of Port 10 JV-2bull Capacity 395 MMTbull Revenue 10925 Crbull EBITDA 7067 Cr
FY09bull No of Port 1bull Capacity 80 MMTbull Revenue 1496 Crbull EBITDA 966 Cr
This includes inorganic growth and new capacitiesTo be acquired with Capacity 60MMT
Above financials are based on standalone Consolidated financials eliminates inter company transactionsOthers - includes Shanti Sagar International Dredging Australia Ops Aviation and UtilitiesTerminals - Include Tuna Goa Ennore and Vizag
Hazira - EBITDA higher due to 21 increase in liquid cargo
Dhamra ndashEBITDA margin of 9M FY19 is not comparable as pre-monsoon dredging cost of Rs42 cr is included in it normalized EBITDA margins was 55
Mundra - Revenue is lower due to lower SEZ amp Port Development revenue by Rs378 cr
Terminal- EBITDA Lower as Tuna operating expenses were higher due to maintenance dredging of Rs14 cr
bull Cash flow from operations after changes in working capital and investing activities to be in the range of Rs2000 cr to Rs2250 cr
Free Cash Flow
Does not include acquisition related cash flow
2525
26
Environment Social amp Governance (ESG)
MSCI ndash Morgan Stanley Capital InternationalDJSI ndash Dow Jones Sustainability Index
Update
bull DJSI invited APSEZ to participate in DJSIrsquos world enlarged and emerging market index
Focus Areas
bull Efficient use of water and energy from cleaner sources
bull Reduction of emission levels
bull Zero tolerance for fatalities at ports
Current ESG Rating
bull As per MSCI APSEZ is rated lsquoCCCrsquo we are engaging
with MSCI for revision
26
27
Energy Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysisFuel Grid and Renewable energy are considered for energy performance analysis
Energy Intensity is for per MMT of cargo
bull Energy Intensity for standalone decreased by 3 Increased by 1 for consolidated operations due to change in cargo mix
bull 343 of total energy consumed was from renewable energy sources
27
109
26
7
128
92
2
1174
06
119
715
110
75
7
118
76
2
40
90
86
39
56
13
42
26
46
44
79
40
43
06
72
43
32
12
5868 57125341 5194
5648 5605
9166
80468333
85938944
8309
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
0
50000
100000
150000
200000
250000
300000
350000
400000
450000
500000
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Energy (GJ) Energy Intensity (GJMMT)
(YoY)
28
Emission Performance ndash 9M FY20
bull Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
bull Scope 1 amp Scope 2 emissions are considered for emission performance analysisbull Emission Intensity is for per MMT of cargo
bull GHG emission intensity for standalone has decreased by 3
bull Increased by 3 for consolidated operations due to change in cargo mix
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Industrial (dust suppression tank washing amp others ) and domestic water consumption details are considered for water performance analysisWater Intensity is for per MMT of cargo
bull Water Intensity has increased by 3 for standalone and 17 for consolidated operations due to change in cargo mix
bull 80 of water consumption is from sources other than fresh water (sea water waste water from other industries reuse of own treated wastewater)
29
24
0
22
7
23
8
26
4
23
0
24
2
80
5
75
7
974
1276
93
7
92
7
13
1011
11 12 11
18
15
19
24
19
18
0
5
10
15
20
25
30
0
200
400
600
800
1000
1200
1400
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Water Consumption (ML) Water Intensity (MLMMT)
(YoY)
30
Health amp Safety Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Overall Safety Performance (On Roll + Contractual + Third Party Associates)
bull There were two fatalities of contractors workers laborers during FY20 Detailed investigation of these incidents have been carried out and corrective actions across all the operational sites has been taken to prevent reoccurrence of such incidents
Work Related Injury (Fatality) High Consequence Work Related Injuries (LTI) Recordable Work Related Injuries (Fatality + LTI)
Number Rate
(YoY)
3131
1) SAKSHAM
Aims to make 3 lakh Indian youth skilled by 2022 ASDC has more than 30 centres across the
nation for facilitating skill development through various courses 5027 aspirants enrolled
under various ASDC courses and new projects
2) Udaan
Inspiration based plant visit for schools and college students at 3 port locations (Mundra
Dhamra and Hazira)
3) Swachhagraha
Inculcating Culture of Cleanliness in 3 port locations and covering 48 town cities across 17
states programme as a whole
4) SuPoshan
Curbing Malnutrition amp Anaemia with Community based approach at 5 port locations
Activities includes Anthropometric measurement process of children in age group 0-5 years
HB screening process undertaken by Sangini for the adolescents pregnant and lactating
mothers
Corporate Social Responsibility ndash Major Initiatives
31
3232
Corporate Social Responsibility ndash Adani Foundation
32
Adani Ports amp SEZ received lsquoHonorary Special MentionAwardrsquo at the National Corporate Social ResponsibilityAwards ceremony organized by the Ministry of CorporateAffairs in New Delhi APSEZ was recognized for lsquoCSR inChallenging Circumstancesrsquo in the western region andcreating sustainable impact on incomes and overall livingstandards of the fishermen community in Gujarat
After successful implementation in 17 schools of Mundra Project Utthan has been launched in 18 schools across Nakhatrana (Kutch) and Hazira (Surat) Under Utthan Adani Foundation has adopted Government Primary Schools in Kutch region with an aim to improve the quality of teaching learning with focus on the lsquoPriya Vidyarthirsquo (name given by the Government for students who are academically weak) Currently the project impacts 2411 students
3333
Corporate Social Responsibility ndash Adani Foundation
33
Adani Vidya Mandir Ahmedabad hosted a three-day awareness workshop on AccreditationStandard for Quality School Governance The workshop was organised by Quality Councilof India 18 Heads of Schools from Gujarat Maharashtra and Rajasthan attended theworkshop
bull The students of Adani Vidya Mandir Ahmedabad Dhruv Dave Kirtan Saraiyaand Bhavya Mehta from class 10 were the top scorers in the Aryabhatt GanitChallenge
bull Students of AVMA participated and won medals in the various athletic andgroup events such as Kho-Kho Kabaddi and Volleyball at the Inter-school sportscompetition conducted by Zydus School for Excellence Godhavi on December21
Adani Skill Development Centre has trained 50000 people for various skillsand generated 65 livelihood through 45 courses in 9 states in its 3frac12 years ofoperations Adani Foundation celebrated this significant milestone at aceremony organised at Adani Corporate House in Ahmedabad
Students from Adani Vidya Mandir Ahmedabad won medals at the CBSE Cluster XIIIAthletics Meet 2019 in Vadodara Gujarat Adani Public School Mundra bagged 2 Gold(Discus amp Javelin) 1 Silver (Shot Put) and 1 Bronze (Athletics) The winners will nowrepresent their schools at the CBSE Zonal Athletics Meet 2019
3434
Corporate Social Responsibility ndash Adani Foundation
34
bull Adani Foundation organised a Mini Marathon on the auspicious occasion of Gandhi Jayanti under Swachhagraha project 400 studentsparticipated in the Marathon
bull Adani Foundation got Award under ldquoPar Excellencerdquo category from Quality Circle Forum of India ndash National Case Study presentationcompetition Case Study Topic was ldquoMangroves Afforestation and Alternate Livelihoodrdquo
bull A team of 50 community volunteers formed a group named as lsquoAngel Armyrsquo They are trained on cancer detection The Angel Army visited 1000households in Kottappuram and Harbour wards Vizhinjam They identified 150 people suspected of having cancer Out of these 137 peopleattended the camp
HelpAge India felicitated Adani Foundation for its invaluablecontribution in providing basic healthcare facilities to seniorcitizens
Fortune SuPoshan celebrated the 2019 Global HandwashingDay across all its sites Fortune SuPoshan aims to curbmalnutrition and anemia among women and children
35
Annexures
35
Silos of Adani Agri Logistics
Adani Ports and SEZ Limited
Financial Results as per SEBI format
Port Wise Details Q3 FY20
Consolidated Financial Performance Q3 FY20
Segment Financials Q3 FY20
Cargo Break up
+
+
+
+
+
37
Cargo Comparison ndash APSEZ vs All India Ports ndash Q3 FY20
APSEZ Total Throughput All India Ports Total Cargo
All India Container Volume
5 Growth
6 Growth
-As per internal estimates Excluding non Adani and coastal LNG LPG Volume (Cargo in MMT)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Adani Group A world class infrastructure amp utility platform
Adani
No 1 in Ports TampD and IPP (Thermal and renewables) in India
Independent verticals with independent boards - Integrating ESG into value creation
Addressable utility market- 32 million customers in ATL amp ~ 10 million in AGL
Addressable market in Airports ~125 million customers
Adani
APSEZPort amp Logistics
AELIncubator
75
75
APLIPP
ATLTampD
625 75
AGELRenewables
75
AGLGas DisCom
75
Utility amp Power PortfolioTransport amp Logistics Portfolio
AAPTPort
SRPCLRail
100 100
AAHLAirports
ATrLRoads
100 100
AWLWater
Data Centre
100 100
~USD 281 bn
Green colour represent public traded listed verticals
5 As on Dec 31 2019 USDINR ndash 7136 | Note - Percentages denote promoter holding
APSEZ ndash Adani Ports and SEZ AAPT ndash Adani Abbot Point TerminalSRCPL ndash Sarguja Rail Corridor Pvt Ltd
TampD ndash Transmission and DistributionIPP ndash Independent Power Producer ATLAPLAGELAGL ndash Adani Transmission PowerGreen Energy Gas Ltd
AAHL ndash Adani Airports Holding LtdATrL ndash Adani Transport LtdAWL ndash Adani Water Ltd
Adani Group A simple robust amp proven model to deliver RoE
Development Operations
Capital MgmtOperationConstructionSite DevelopmentOrigination
Phases
Phase
Activity
Performance
bull Analysis amp market intelligence
bull Viability analysisbull Strategic value
bull Site acquisitionbull Concessions and
regulatory agreements
bull Investment case development
bull Engineering amp design
bull Sourcing amp quality levels
bull Equity amp debt funding at project
bull Life cycle OampM planning
bull Asset Management plan
bull OampM optimisations eg Solar plants
bull Ops phase funding consistent with asset life
bull Completing complex developments on time amp budget eg APL
bull Envisaging evolution of sector eg Adani Transmission
Low capital cost time bound amp quality completion providing long term stable cashflow amp enhanced RoE
bull Redefining the space eg Mundra Port
APSEZ ATL AGEL amp AEML only Pr ivate sector Infrast ructure IG issuers in India
Post Operations
6
Indiarsquos Largest Commercial Port
Adani Group Robust business model applied consistently to drive value
Includes listed Group Companies
Development at scale amp within time and budget
Key Business Model Attributes
Excellence in OampM ndashbenchmarked to global standards
Diverse financing sources ndash only Indian infrastructure portfolio
with three Investment Grade (IG) issuers
Successfully applied across Infrastructure amp utility platform
648 MW Ultra Mega Solar Power Plant
Longest Private HVDC Line in Asia
Largest Single Location Private Thermal IPP
Highest Margin among Peers in the World
EBITDA margin 6512
Lowest capex MWamong Peers
Constructed and Commissioned 9 months
EBITDA margin 9014
Highest availabilityamong Peers
EBITDA margin 9113
APSEZ ATL AGEL APL
7
Note 1 Data for FY19 2 Excludes forex gainslosses 3 EBITDA = PBT + Depreciation + Net Finance Costs ndash Other Income 4 EBITDA Margin represents EBITDA earned from power sales and exclude other items
PSU 55
Private Banks31
Bonds14
March 2016
PSU 38
Private Banks31
Bonds31
September 2019
8
Company Profile8
Mundra Port
99
APSEZ Repeatable robust and proven model to deliver RoE
bull Robust amp customer-centric business model leveraging technology
bull Best in industry Port EBITDA - 70
bull Implementing programmes for green port reduction in carbon footprint water conservation and waste reduction
bull Committed to continuous improvement in Health amp Safety standards
bull Investment grade rating
bull Capital allocation policy
bull Dividend amp Shareholder Return policy
bull ESG Adherence
bull Enterprise Risk Management Framework being implemented
bull Proven experience construction experience with efficient engineering amp procurement
bull Successful construction for varied facilities amp sites
bull New terminals for LNG and LPG
bull String of pearls -serving international trade with presence at 11 locations on coastline Customised facilities for ndash steel fertilizer etc
bull Mechanised facilities amp end-to-end logistics in hinterland
bull Aggregate landside area now significant across east amp west coast
bull Catering to complete economic hinterland of the country
bull Laser focus on returns and ROCE analysis ndash20 + for Mundra Hazira and improving for Dhamra and Katupalli
bull Successful and timely move into container and liquids business
bull Serving new business opportunities ndash LNG amp LPG
OperationsDevelopment
Origination Site Development Construction Operation Capital Mgmt
Achieving stated goal of east coast parity with west coast
Achieved objective of long dated tenor
(29 years to ~6 years)
1010Note
1 Under construction
APSEZ ndash Indiarsquos Largest Integrated Ports amp Logistics Player
Tuna
Dahej
Hazira
Mundra
Mormugao Dhamra
Patli
Kishangarh
Kilaraipur
Mundra Indiarsquos
largest Commercial
Port
ldquoString of Ten Portsrdquo across Indiarsquos Coastline with four logistics parks
Kanech
Tuna
Dahej
Hazira
Mundra
Mormugao
Vizhinjam (1)
Kattupalli
Ennore
Vizag
Dhamra
Patli
Kishangarh
Kilaraipur
Multipurpose ports
Bulk terminals
Container terminals
Logistics Parks
Mundra Indiarsquos
largest Commercial
Port Kanech
Yangon
Myanmar(1)
25
53
108
2009 2013 2019
03
06
16
2009 2013 2019
14
39
81
2009 2013 2019
Note
Market Cap on 31st Mar 2019 USD INR exchange rate on 31st Mar 2019 was Rs6915
Revenue for the financial year ended March 31 2019 Revenue refers to the total revenue of APSEZ minus other income USD INR exchange rate on 31st Mar 2019 was Rs6915
Total Assets as on March 31 2019 USD INR exchange rate on 31st Mar 2019 was Rs6915
10
in USD Bn
Market Cap
Revenue
Total Asset
1111
Cargo
13
CAGR(FY19-25)
APSEZ ndash Achieved 200 MMT in FY19 next 200 MMT to be achieved within 5 years
CAGR (FY09-19)
19
36
93
151168
208
429
-50
50
150
250
350
450
FY09 FY11 FY13 FY15 FY17 FY19 FY21 FY23 FY25
bull Mundra LNG LPG and CT2 extension
bull Phase I -Myanmar 05 Mn TEUs
FY25bull No of Ports 12 JV-2bull Capacity 585 MMT
(MMT)
Source Internal calculation
bull Dhamra LNGbull Vijhinzam
FY21bull Krishnapatanam
Cargo
22Revenue
22EBITDA
FY19bull No of Port 10 JV-2bull Capacity 395 MMTbull Revenue 10925 Crbull EBITDA 7067 Cr
FY09bull No of Port 1bull Capacity 80 MMTbull Revenue 1496 Crbull EBITDA 966 Cr
This includes inorganic growth and new capacitiesTo be acquired with Capacity 60MMT
Above financials are based on standalone Consolidated financials eliminates inter company transactionsOthers - includes Shanti Sagar International Dredging Australia Ops Aviation and UtilitiesTerminals - Include Tuna Goa Ennore and Vizag
Hazira - EBITDA higher due to 21 increase in liquid cargo
Dhamra ndashEBITDA margin of 9M FY19 is not comparable as pre-monsoon dredging cost of Rs42 cr is included in it normalized EBITDA margins was 55
Mundra - Revenue is lower due to lower SEZ amp Port Development revenue by Rs378 cr
Terminal- EBITDA Lower as Tuna operating expenses were higher due to maintenance dredging of Rs14 cr
bull Cash flow from operations after changes in working capital and investing activities to be in the range of Rs2000 cr to Rs2250 cr
Free Cash Flow
Does not include acquisition related cash flow
2525
26
Environment Social amp Governance (ESG)
MSCI ndash Morgan Stanley Capital InternationalDJSI ndash Dow Jones Sustainability Index
Update
bull DJSI invited APSEZ to participate in DJSIrsquos world enlarged and emerging market index
Focus Areas
bull Efficient use of water and energy from cleaner sources
bull Reduction of emission levels
bull Zero tolerance for fatalities at ports
Current ESG Rating
bull As per MSCI APSEZ is rated lsquoCCCrsquo we are engaging
with MSCI for revision
26
27
Energy Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysisFuel Grid and Renewable energy are considered for energy performance analysis
Energy Intensity is for per MMT of cargo
bull Energy Intensity for standalone decreased by 3 Increased by 1 for consolidated operations due to change in cargo mix
bull 343 of total energy consumed was from renewable energy sources
27
109
26
7
128
92
2
1174
06
119
715
110
75
7
118
76
2
40
90
86
39
56
13
42
26
46
44
79
40
43
06
72
43
32
12
5868 57125341 5194
5648 5605
9166
80468333
85938944
8309
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
0
50000
100000
150000
200000
250000
300000
350000
400000
450000
500000
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Energy (GJ) Energy Intensity (GJMMT)
(YoY)
28
Emission Performance ndash 9M FY20
bull Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
bull Scope 1 amp Scope 2 emissions are considered for emission performance analysisbull Emission Intensity is for per MMT of cargo
bull GHG emission intensity for standalone has decreased by 3
bull Increased by 3 for consolidated operations due to change in cargo mix
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Industrial (dust suppression tank washing amp others ) and domestic water consumption details are considered for water performance analysisWater Intensity is for per MMT of cargo
bull Water Intensity has increased by 3 for standalone and 17 for consolidated operations due to change in cargo mix
bull 80 of water consumption is from sources other than fresh water (sea water waste water from other industries reuse of own treated wastewater)
29
24
0
22
7
23
8
26
4
23
0
24
2
80
5
75
7
974
1276
93
7
92
7
13
1011
11 12 11
18
15
19
24
19
18
0
5
10
15
20
25
30
0
200
400
600
800
1000
1200
1400
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Water Consumption (ML) Water Intensity (MLMMT)
(YoY)
30
Health amp Safety Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Overall Safety Performance (On Roll + Contractual + Third Party Associates)
bull There were two fatalities of contractors workers laborers during FY20 Detailed investigation of these incidents have been carried out and corrective actions across all the operational sites has been taken to prevent reoccurrence of such incidents
Work Related Injury (Fatality) High Consequence Work Related Injuries (LTI) Recordable Work Related Injuries (Fatality + LTI)
Number Rate
(YoY)
3131
1) SAKSHAM
Aims to make 3 lakh Indian youth skilled by 2022 ASDC has more than 30 centres across the
nation for facilitating skill development through various courses 5027 aspirants enrolled
under various ASDC courses and new projects
2) Udaan
Inspiration based plant visit for schools and college students at 3 port locations (Mundra
Dhamra and Hazira)
3) Swachhagraha
Inculcating Culture of Cleanliness in 3 port locations and covering 48 town cities across 17
states programme as a whole
4) SuPoshan
Curbing Malnutrition amp Anaemia with Community based approach at 5 port locations
Activities includes Anthropometric measurement process of children in age group 0-5 years
HB screening process undertaken by Sangini for the adolescents pregnant and lactating
mothers
Corporate Social Responsibility ndash Major Initiatives
31
3232
Corporate Social Responsibility ndash Adani Foundation
32
Adani Ports amp SEZ received lsquoHonorary Special MentionAwardrsquo at the National Corporate Social ResponsibilityAwards ceremony organized by the Ministry of CorporateAffairs in New Delhi APSEZ was recognized for lsquoCSR inChallenging Circumstancesrsquo in the western region andcreating sustainable impact on incomes and overall livingstandards of the fishermen community in Gujarat
After successful implementation in 17 schools of Mundra Project Utthan has been launched in 18 schools across Nakhatrana (Kutch) and Hazira (Surat) Under Utthan Adani Foundation has adopted Government Primary Schools in Kutch region with an aim to improve the quality of teaching learning with focus on the lsquoPriya Vidyarthirsquo (name given by the Government for students who are academically weak) Currently the project impacts 2411 students
3333
Corporate Social Responsibility ndash Adani Foundation
33
Adani Vidya Mandir Ahmedabad hosted a three-day awareness workshop on AccreditationStandard for Quality School Governance The workshop was organised by Quality Councilof India 18 Heads of Schools from Gujarat Maharashtra and Rajasthan attended theworkshop
bull The students of Adani Vidya Mandir Ahmedabad Dhruv Dave Kirtan Saraiyaand Bhavya Mehta from class 10 were the top scorers in the Aryabhatt GanitChallenge
bull Students of AVMA participated and won medals in the various athletic andgroup events such as Kho-Kho Kabaddi and Volleyball at the Inter-school sportscompetition conducted by Zydus School for Excellence Godhavi on December21
Adani Skill Development Centre has trained 50000 people for various skillsand generated 65 livelihood through 45 courses in 9 states in its 3frac12 years ofoperations Adani Foundation celebrated this significant milestone at aceremony organised at Adani Corporate House in Ahmedabad
Students from Adani Vidya Mandir Ahmedabad won medals at the CBSE Cluster XIIIAthletics Meet 2019 in Vadodara Gujarat Adani Public School Mundra bagged 2 Gold(Discus amp Javelin) 1 Silver (Shot Put) and 1 Bronze (Athletics) The winners will nowrepresent their schools at the CBSE Zonal Athletics Meet 2019
3434
Corporate Social Responsibility ndash Adani Foundation
34
bull Adani Foundation organised a Mini Marathon on the auspicious occasion of Gandhi Jayanti under Swachhagraha project 400 studentsparticipated in the Marathon
bull Adani Foundation got Award under ldquoPar Excellencerdquo category from Quality Circle Forum of India ndash National Case Study presentationcompetition Case Study Topic was ldquoMangroves Afforestation and Alternate Livelihoodrdquo
bull A team of 50 community volunteers formed a group named as lsquoAngel Armyrsquo They are trained on cancer detection The Angel Army visited 1000households in Kottappuram and Harbour wards Vizhinjam They identified 150 people suspected of having cancer Out of these 137 peopleattended the camp
HelpAge India felicitated Adani Foundation for its invaluablecontribution in providing basic healthcare facilities to seniorcitizens
Fortune SuPoshan celebrated the 2019 Global HandwashingDay across all its sites Fortune SuPoshan aims to curbmalnutrition and anemia among women and children
35
Annexures
35
Silos of Adani Agri Logistics
Adani Ports and SEZ Limited
Financial Results as per SEBI format
Port Wise Details Q3 FY20
Consolidated Financial Performance Q3 FY20
Segment Financials Q3 FY20
Cargo Break up
+
+
+
+
+
37
Cargo Comparison ndash APSEZ vs All India Ports ndash Q3 FY20
APSEZ Total Throughput All India Ports Total Cargo
All India Container Volume
5 Growth
6 Growth
-As per internal estimates Excluding non Adani and coastal LNG LPG Volume (Cargo in MMT)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Adani Group A simple robust amp proven model to deliver RoE
Development Operations
Capital MgmtOperationConstructionSite DevelopmentOrigination
Phases
Phase
Activity
Performance
bull Analysis amp market intelligence
bull Viability analysisbull Strategic value
bull Site acquisitionbull Concessions and
regulatory agreements
bull Investment case development
bull Engineering amp design
bull Sourcing amp quality levels
bull Equity amp debt funding at project
bull Life cycle OampM planning
bull Asset Management plan
bull OampM optimisations eg Solar plants
bull Ops phase funding consistent with asset life
bull Completing complex developments on time amp budget eg APL
bull Envisaging evolution of sector eg Adani Transmission
Low capital cost time bound amp quality completion providing long term stable cashflow amp enhanced RoE
bull Redefining the space eg Mundra Port
APSEZ ATL AGEL amp AEML only Pr ivate sector Infrast ructure IG issuers in India
Post Operations
6
Indiarsquos Largest Commercial Port
Adani Group Robust business model applied consistently to drive value
Includes listed Group Companies
Development at scale amp within time and budget
Key Business Model Attributes
Excellence in OampM ndashbenchmarked to global standards
Diverse financing sources ndash only Indian infrastructure portfolio
with three Investment Grade (IG) issuers
Successfully applied across Infrastructure amp utility platform
648 MW Ultra Mega Solar Power Plant
Longest Private HVDC Line in Asia
Largest Single Location Private Thermal IPP
Highest Margin among Peers in the World
EBITDA margin 6512
Lowest capex MWamong Peers
Constructed and Commissioned 9 months
EBITDA margin 9014
Highest availabilityamong Peers
EBITDA margin 9113
APSEZ ATL AGEL APL
7
Note 1 Data for FY19 2 Excludes forex gainslosses 3 EBITDA = PBT + Depreciation + Net Finance Costs ndash Other Income 4 EBITDA Margin represents EBITDA earned from power sales and exclude other items
PSU 55
Private Banks31
Bonds14
March 2016
PSU 38
Private Banks31
Bonds31
September 2019
8
Company Profile8
Mundra Port
99
APSEZ Repeatable robust and proven model to deliver RoE
bull Robust amp customer-centric business model leveraging technology
bull Best in industry Port EBITDA - 70
bull Implementing programmes for green port reduction in carbon footprint water conservation and waste reduction
bull Committed to continuous improvement in Health amp Safety standards
bull Investment grade rating
bull Capital allocation policy
bull Dividend amp Shareholder Return policy
bull ESG Adherence
bull Enterprise Risk Management Framework being implemented
bull Proven experience construction experience with efficient engineering amp procurement
bull Successful construction for varied facilities amp sites
bull New terminals for LNG and LPG
bull String of pearls -serving international trade with presence at 11 locations on coastline Customised facilities for ndash steel fertilizer etc
bull Mechanised facilities amp end-to-end logistics in hinterland
bull Aggregate landside area now significant across east amp west coast
bull Catering to complete economic hinterland of the country
bull Laser focus on returns and ROCE analysis ndash20 + for Mundra Hazira and improving for Dhamra and Katupalli
bull Successful and timely move into container and liquids business
bull Serving new business opportunities ndash LNG amp LPG
OperationsDevelopment
Origination Site Development Construction Operation Capital Mgmt
Achieving stated goal of east coast parity with west coast
Achieved objective of long dated tenor
(29 years to ~6 years)
1010Note
1 Under construction
APSEZ ndash Indiarsquos Largest Integrated Ports amp Logistics Player
Tuna
Dahej
Hazira
Mundra
Mormugao Dhamra
Patli
Kishangarh
Kilaraipur
Mundra Indiarsquos
largest Commercial
Port
ldquoString of Ten Portsrdquo across Indiarsquos Coastline with four logistics parks
Kanech
Tuna
Dahej
Hazira
Mundra
Mormugao
Vizhinjam (1)
Kattupalli
Ennore
Vizag
Dhamra
Patli
Kishangarh
Kilaraipur
Multipurpose ports
Bulk terminals
Container terminals
Logistics Parks
Mundra Indiarsquos
largest Commercial
Port Kanech
Yangon
Myanmar(1)
25
53
108
2009 2013 2019
03
06
16
2009 2013 2019
14
39
81
2009 2013 2019
Note
Market Cap on 31st Mar 2019 USD INR exchange rate on 31st Mar 2019 was Rs6915
Revenue for the financial year ended March 31 2019 Revenue refers to the total revenue of APSEZ minus other income USD INR exchange rate on 31st Mar 2019 was Rs6915
Total Assets as on March 31 2019 USD INR exchange rate on 31st Mar 2019 was Rs6915
10
in USD Bn
Market Cap
Revenue
Total Asset
1111
Cargo
13
CAGR(FY19-25)
APSEZ ndash Achieved 200 MMT in FY19 next 200 MMT to be achieved within 5 years
CAGR (FY09-19)
19
36
93
151168
208
429
-50
50
150
250
350
450
FY09 FY11 FY13 FY15 FY17 FY19 FY21 FY23 FY25
bull Mundra LNG LPG and CT2 extension
bull Phase I -Myanmar 05 Mn TEUs
FY25bull No of Ports 12 JV-2bull Capacity 585 MMT
(MMT)
Source Internal calculation
bull Dhamra LNGbull Vijhinzam
FY21bull Krishnapatanam
Cargo
22Revenue
22EBITDA
FY19bull No of Port 10 JV-2bull Capacity 395 MMTbull Revenue 10925 Crbull EBITDA 7067 Cr
FY09bull No of Port 1bull Capacity 80 MMTbull Revenue 1496 Crbull EBITDA 966 Cr
This includes inorganic growth and new capacitiesTo be acquired with Capacity 60MMT
Above financials are based on standalone Consolidated financials eliminates inter company transactionsOthers - includes Shanti Sagar International Dredging Australia Ops Aviation and UtilitiesTerminals - Include Tuna Goa Ennore and Vizag
Hazira - EBITDA higher due to 21 increase in liquid cargo
Dhamra ndashEBITDA margin of 9M FY19 is not comparable as pre-monsoon dredging cost of Rs42 cr is included in it normalized EBITDA margins was 55
Mundra - Revenue is lower due to lower SEZ amp Port Development revenue by Rs378 cr
Terminal- EBITDA Lower as Tuna operating expenses were higher due to maintenance dredging of Rs14 cr
bull Cash flow from operations after changes in working capital and investing activities to be in the range of Rs2000 cr to Rs2250 cr
Free Cash Flow
Does not include acquisition related cash flow
2525
26
Environment Social amp Governance (ESG)
MSCI ndash Morgan Stanley Capital InternationalDJSI ndash Dow Jones Sustainability Index
Update
bull DJSI invited APSEZ to participate in DJSIrsquos world enlarged and emerging market index
Focus Areas
bull Efficient use of water and energy from cleaner sources
bull Reduction of emission levels
bull Zero tolerance for fatalities at ports
Current ESG Rating
bull As per MSCI APSEZ is rated lsquoCCCrsquo we are engaging
with MSCI for revision
26
27
Energy Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysisFuel Grid and Renewable energy are considered for energy performance analysis
Energy Intensity is for per MMT of cargo
bull Energy Intensity for standalone decreased by 3 Increased by 1 for consolidated operations due to change in cargo mix
bull 343 of total energy consumed was from renewable energy sources
27
109
26
7
128
92
2
1174
06
119
715
110
75
7
118
76
2
40
90
86
39
56
13
42
26
46
44
79
40
43
06
72
43
32
12
5868 57125341 5194
5648 5605
9166
80468333
85938944
8309
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
0
50000
100000
150000
200000
250000
300000
350000
400000
450000
500000
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Energy (GJ) Energy Intensity (GJMMT)
(YoY)
28
Emission Performance ndash 9M FY20
bull Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
bull Scope 1 amp Scope 2 emissions are considered for emission performance analysisbull Emission Intensity is for per MMT of cargo
bull GHG emission intensity for standalone has decreased by 3
bull Increased by 3 for consolidated operations due to change in cargo mix
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Industrial (dust suppression tank washing amp others ) and domestic water consumption details are considered for water performance analysisWater Intensity is for per MMT of cargo
bull Water Intensity has increased by 3 for standalone and 17 for consolidated operations due to change in cargo mix
bull 80 of water consumption is from sources other than fresh water (sea water waste water from other industries reuse of own treated wastewater)
29
24
0
22
7
23
8
26
4
23
0
24
2
80
5
75
7
974
1276
93
7
92
7
13
1011
11 12 11
18
15
19
24
19
18
0
5
10
15
20
25
30
0
200
400
600
800
1000
1200
1400
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Water Consumption (ML) Water Intensity (MLMMT)
(YoY)
30
Health amp Safety Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Overall Safety Performance (On Roll + Contractual + Third Party Associates)
bull There were two fatalities of contractors workers laborers during FY20 Detailed investigation of these incidents have been carried out and corrective actions across all the operational sites has been taken to prevent reoccurrence of such incidents
Work Related Injury (Fatality) High Consequence Work Related Injuries (LTI) Recordable Work Related Injuries (Fatality + LTI)
Number Rate
(YoY)
3131
1) SAKSHAM
Aims to make 3 lakh Indian youth skilled by 2022 ASDC has more than 30 centres across the
nation for facilitating skill development through various courses 5027 aspirants enrolled
under various ASDC courses and new projects
2) Udaan
Inspiration based plant visit for schools and college students at 3 port locations (Mundra
Dhamra and Hazira)
3) Swachhagraha
Inculcating Culture of Cleanliness in 3 port locations and covering 48 town cities across 17
states programme as a whole
4) SuPoshan
Curbing Malnutrition amp Anaemia with Community based approach at 5 port locations
Activities includes Anthropometric measurement process of children in age group 0-5 years
HB screening process undertaken by Sangini for the adolescents pregnant and lactating
mothers
Corporate Social Responsibility ndash Major Initiatives
31
3232
Corporate Social Responsibility ndash Adani Foundation
32
Adani Ports amp SEZ received lsquoHonorary Special MentionAwardrsquo at the National Corporate Social ResponsibilityAwards ceremony organized by the Ministry of CorporateAffairs in New Delhi APSEZ was recognized for lsquoCSR inChallenging Circumstancesrsquo in the western region andcreating sustainable impact on incomes and overall livingstandards of the fishermen community in Gujarat
After successful implementation in 17 schools of Mundra Project Utthan has been launched in 18 schools across Nakhatrana (Kutch) and Hazira (Surat) Under Utthan Adani Foundation has adopted Government Primary Schools in Kutch region with an aim to improve the quality of teaching learning with focus on the lsquoPriya Vidyarthirsquo (name given by the Government for students who are academically weak) Currently the project impacts 2411 students
3333
Corporate Social Responsibility ndash Adani Foundation
33
Adani Vidya Mandir Ahmedabad hosted a three-day awareness workshop on AccreditationStandard for Quality School Governance The workshop was organised by Quality Councilof India 18 Heads of Schools from Gujarat Maharashtra and Rajasthan attended theworkshop
bull The students of Adani Vidya Mandir Ahmedabad Dhruv Dave Kirtan Saraiyaand Bhavya Mehta from class 10 were the top scorers in the Aryabhatt GanitChallenge
bull Students of AVMA participated and won medals in the various athletic andgroup events such as Kho-Kho Kabaddi and Volleyball at the Inter-school sportscompetition conducted by Zydus School for Excellence Godhavi on December21
Adani Skill Development Centre has trained 50000 people for various skillsand generated 65 livelihood through 45 courses in 9 states in its 3frac12 years ofoperations Adani Foundation celebrated this significant milestone at aceremony organised at Adani Corporate House in Ahmedabad
Students from Adani Vidya Mandir Ahmedabad won medals at the CBSE Cluster XIIIAthletics Meet 2019 in Vadodara Gujarat Adani Public School Mundra bagged 2 Gold(Discus amp Javelin) 1 Silver (Shot Put) and 1 Bronze (Athletics) The winners will nowrepresent their schools at the CBSE Zonal Athletics Meet 2019
3434
Corporate Social Responsibility ndash Adani Foundation
34
bull Adani Foundation organised a Mini Marathon on the auspicious occasion of Gandhi Jayanti under Swachhagraha project 400 studentsparticipated in the Marathon
bull Adani Foundation got Award under ldquoPar Excellencerdquo category from Quality Circle Forum of India ndash National Case Study presentationcompetition Case Study Topic was ldquoMangroves Afforestation and Alternate Livelihoodrdquo
bull A team of 50 community volunteers formed a group named as lsquoAngel Armyrsquo They are trained on cancer detection The Angel Army visited 1000households in Kottappuram and Harbour wards Vizhinjam They identified 150 people suspected of having cancer Out of these 137 peopleattended the camp
HelpAge India felicitated Adani Foundation for its invaluablecontribution in providing basic healthcare facilities to seniorcitizens
Fortune SuPoshan celebrated the 2019 Global HandwashingDay across all its sites Fortune SuPoshan aims to curbmalnutrition and anemia among women and children
35
Annexures
35
Silos of Adani Agri Logistics
Adani Ports and SEZ Limited
Financial Results as per SEBI format
Port Wise Details Q3 FY20
Consolidated Financial Performance Q3 FY20
Segment Financials Q3 FY20
Cargo Break up
+
+
+
+
+
37
Cargo Comparison ndash APSEZ vs All India Ports ndash Q3 FY20
APSEZ Total Throughput All India Ports Total Cargo
All India Container Volume
5 Growth
6 Growth
-As per internal estimates Excluding non Adani and coastal LNG LPG Volume (Cargo in MMT)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Adani Group Robust business model applied consistently to drive value
Includes listed Group Companies
Development at scale amp within time and budget
Key Business Model Attributes
Excellence in OampM ndashbenchmarked to global standards
Diverse financing sources ndash only Indian infrastructure portfolio
with three Investment Grade (IG) issuers
Successfully applied across Infrastructure amp utility platform
648 MW Ultra Mega Solar Power Plant
Longest Private HVDC Line in Asia
Largest Single Location Private Thermal IPP
Highest Margin among Peers in the World
EBITDA margin 6512
Lowest capex MWamong Peers
Constructed and Commissioned 9 months
EBITDA margin 9014
Highest availabilityamong Peers
EBITDA margin 9113
APSEZ ATL AGEL APL
7
Note 1 Data for FY19 2 Excludes forex gainslosses 3 EBITDA = PBT + Depreciation + Net Finance Costs ndash Other Income 4 EBITDA Margin represents EBITDA earned from power sales and exclude other items
PSU 55
Private Banks31
Bonds14
March 2016
PSU 38
Private Banks31
Bonds31
September 2019
8
Company Profile8
Mundra Port
99
APSEZ Repeatable robust and proven model to deliver RoE
bull Robust amp customer-centric business model leveraging technology
bull Best in industry Port EBITDA - 70
bull Implementing programmes for green port reduction in carbon footprint water conservation and waste reduction
bull Committed to continuous improvement in Health amp Safety standards
bull Investment grade rating
bull Capital allocation policy
bull Dividend amp Shareholder Return policy
bull ESG Adherence
bull Enterprise Risk Management Framework being implemented
bull Proven experience construction experience with efficient engineering amp procurement
bull Successful construction for varied facilities amp sites
bull New terminals for LNG and LPG
bull String of pearls -serving international trade with presence at 11 locations on coastline Customised facilities for ndash steel fertilizer etc
bull Mechanised facilities amp end-to-end logistics in hinterland
bull Aggregate landside area now significant across east amp west coast
bull Catering to complete economic hinterland of the country
bull Laser focus on returns and ROCE analysis ndash20 + for Mundra Hazira and improving for Dhamra and Katupalli
bull Successful and timely move into container and liquids business
bull Serving new business opportunities ndash LNG amp LPG
OperationsDevelopment
Origination Site Development Construction Operation Capital Mgmt
Achieving stated goal of east coast parity with west coast
Achieved objective of long dated tenor
(29 years to ~6 years)
1010Note
1 Under construction
APSEZ ndash Indiarsquos Largest Integrated Ports amp Logistics Player
Tuna
Dahej
Hazira
Mundra
Mormugao Dhamra
Patli
Kishangarh
Kilaraipur
Mundra Indiarsquos
largest Commercial
Port
ldquoString of Ten Portsrdquo across Indiarsquos Coastline with four logistics parks
Kanech
Tuna
Dahej
Hazira
Mundra
Mormugao
Vizhinjam (1)
Kattupalli
Ennore
Vizag
Dhamra
Patli
Kishangarh
Kilaraipur
Multipurpose ports
Bulk terminals
Container terminals
Logistics Parks
Mundra Indiarsquos
largest Commercial
Port Kanech
Yangon
Myanmar(1)
25
53
108
2009 2013 2019
03
06
16
2009 2013 2019
14
39
81
2009 2013 2019
Note
Market Cap on 31st Mar 2019 USD INR exchange rate on 31st Mar 2019 was Rs6915
Revenue for the financial year ended March 31 2019 Revenue refers to the total revenue of APSEZ minus other income USD INR exchange rate on 31st Mar 2019 was Rs6915
Total Assets as on March 31 2019 USD INR exchange rate on 31st Mar 2019 was Rs6915
10
in USD Bn
Market Cap
Revenue
Total Asset
1111
Cargo
13
CAGR(FY19-25)
APSEZ ndash Achieved 200 MMT in FY19 next 200 MMT to be achieved within 5 years
CAGR (FY09-19)
19
36
93
151168
208
429
-50
50
150
250
350
450
FY09 FY11 FY13 FY15 FY17 FY19 FY21 FY23 FY25
bull Mundra LNG LPG and CT2 extension
bull Phase I -Myanmar 05 Mn TEUs
FY25bull No of Ports 12 JV-2bull Capacity 585 MMT
(MMT)
Source Internal calculation
bull Dhamra LNGbull Vijhinzam
FY21bull Krishnapatanam
Cargo
22Revenue
22EBITDA
FY19bull No of Port 10 JV-2bull Capacity 395 MMTbull Revenue 10925 Crbull EBITDA 7067 Cr
FY09bull No of Port 1bull Capacity 80 MMTbull Revenue 1496 Crbull EBITDA 966 Cr
This includes inorganic growth and new capacitiesTo be acquired with Capacity 60MMT
Above financials are based on standalone Consolidated financials eliminates inter company transactionsOthers - includes Shanti Sagar International Dredging Australia Ops Aviation and UtilitiesTerminals - Include Tuna Goa Ennore and Vizag
Hazira - EBITDA higher due to 21 increase in liquid cargo
Dhamra ndashEBITDA margin of 9M FY19 is not comparable as pre-monsoon dredging cost of Rs42 cr is included in it normalized EBITDA margins was 55
Mundra - Revenue is lower due to lower SEZ amp Port Development revenue by Rs378 cr
Terminal- EBITDA Lower as Tuna operating expenses were higher due to maintenance dredging of Rs14 cr
bull Cash flow from operations after changes in working capital and investing activities to be in the range of Rs2000 cr to Rs2250 cr
Free Cash Flow
Does not include acquisition related cash flow
2525
26
Environment Social amp Governance (ESG)
MSCI ndash Morgan Stanley Capital InternationalDJSI ndash Dow Jones Sustainability Index
Update
bull DJSI invited APSEZ to participate in DJSIrsquos world enlarged and emerging market index
Focus Areas
bull Efficient use of water and energy from cleaner sources
bull Reduction of emission levels
bull Zero tolerance for fatalities at ports
Current ESG Rating
bull As per MSCI APSEZ is rated lsquoCCCrsquo we are engaging
with MSCI for revision
26
27
Energy Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysisFuel Grid and Renewable energy are considered for energy performance analysis
Energy Intensity is for per MMT of cargo
bull Energy Intensity for standalone decreased by 3 Increased by 1 for consolidated operations due to change in cargo mix
bull 343 of total energy consumed was from renewable energy sources
27
109
26
7
128
92
2
1174
06
119
715
110
75
7
118
76
2
40
90
86
39
56
13
42
26
46
44
79
40
43
06
72
43
32
12
5868 57125341 5194
5648 5605
9166
80468333
85938944
8309
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
0
50000
100000
150000
200000
250000
300000
350000
400000
450000
500000
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Energy (GJ) Energy Intensity (GJMMT)
(YoY)
28
Emission Performance ndash 9M FY20
bull Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
bull Scope 1 amp Scope 2 emissions are considered for emission performance analysisbull Emission Intensity is for per MMT of cargo
bull GHG emission intensity for standalone has decreased by 3
bull Increased by 3 for consolidated operations due to change in cargo mix
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Industrial (dust suppression tank washing amp others ) and domestic water consumption details are considered for water performance analysisWater Intensity is for per MMT of cargo
bull Water Intensity has increased by 3 for standalone and 17 for consolidated operations due to change in cargo mix
bull 80 of water consumption is from sources other than fresh water (sea water waste water from other industries reuse of own treated wastewater)
29
24
0
22
7
23
8
26
4
23
0
24
2
80
5
75
7
974
1276
93
7
92
7
13
1011
11 12 11
18
15
19
24
19
18
0
5
10
15
20
25
30
0
200
400
600
800
1000
1200
1400
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Water Consumption (ML) Water Intensity (MLMMT)
(YoY)
30
Health amp Safety Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Overall Safety Performance (On Roll + Contractual + Third Party Associates)
bull There were two fatalities of contractors workers laborers during FY20 Detailed investigation of these incidents have been carried out and corrective actions across all the operational sites has been taken to prevent reoccurrence of such incidents
Work Related Injury (Fatality) High Consequence Work Related Injuries (LTI) Recordable Work Related Injuries (Fatality + LTI)
Number Rate
(YoY)
3131
1) SAKSHAM
Aims to make 3 lakh Indian youth skilled by 2022 ASDC has more than 30 centres across the
nation for facilitating skill development through various courses 5027 aspirants enrolled
under various ASDC courses and new projects
2) Udaan
Inspiration based plant visit for schools and college students at 3 port locations (Mundra
Dhamra and Hazira)
3) Swachhagraha
Inculcating Culture of Cleanliness in 3 port locations and covering 48 town cities across 17
states programme as a whole
4) SuPoshan
Curbing Malnutrition amp Anaemia with Community based approach at 5 port locations
Activities includes Anthropometric measurement process of children in age group 0-5 years
HB screening process undertaken by Sangini for the adolescents pregnant and lactating
mothers
Corporate Social Responsibility ndash Major Initiatives
31
3232
Corporate Social Responsibility ndash Adani Foundation
32
Adani Ports amp SEZ received lsquoHonorary Special MentionAwardrsquo at the National Corporate Social ResponsibilityAwards ceremony organized by the Ministry of CorporateAffairs in New Delhi APSEZ was recognized for lsquoCSR inChallenging Circumstancesrsquo in the western region andcreating sustainable impact on incomes and overall livingstandards of the fishermen community in Gujarat
After successful implementation in 17 schools of Mundra Project Utthan has been launched in 18 schools across Nakhatrana (Kutch) and Hazira (Surat) Under Utthan Adani Foundation has adopted Government Primary Schools in Kutch region with an aim to improve the quality of teaching learning with focus on the lsquoPriya Vidyarthirsquo (name given by the Government for students who are academically weak) Currently the project impacts 2411 students
3333
Corporate Social Responsibility ndash Adani Foundation
33
Adani Vidya Mandir Ahmedabad hosted a three-day awareness workshop on AccreditationStandard for Quality School Governance The workshop was organised by Quality Councilof India 18 Heads of Schools from Gujarat Maharashtra and Rajasthan attended theworkshop
bull The students of Adani Vidya Mandir Ahmedabad Dhruv Dave Kirtan Saraiyaand Bhavya Mehta from class 10 were the top scorers in the Aryabhatt GanitChallenge
bull Students of AVMA participated and won medals in the various athletic andgroup events such as Kho-Kho Kabaddi and Volleyball at the Inter-school sportscompetition conducted by Zydus School for Excellence Godhavi on December21
Adani Skill Development Centre has trained 50000 people for various skillsand generated 65 livelihood through 45 courses in 9 states in its 3frac12 years ofoperations Adani Foundation celebrated this significant milestone at aceremony organised at Adani Corporate House in Ahmedabad
Students from Adani Vidya Mandir Ahmedabad won medals at the CBSE Cluster XIIIAthletics Meet 2019 in Vadodara Gujarat Adani Public School Mundra bagged 2 Gold(Discus amp Javelin) 1 Silver (Shot Put) and 1 Bronze (Athletics) The winners will nowrepresent their schools at the CBSE Zonal Athletics Meet 2019
3434
Corporate Social Responsibility ndash Adani Foundation
34
bull Adani Foundation organised a Mini Marathon on the auspicious occasion of Gandhi Jayanti under Swachhagraha project 400 studentsparticipated in the Marathon
bull Adani Foundation got Award under ldquoPar Excellencerdquo category from Quality Circle Forum of India ndash National Case Study presentationcompetition Case Study Topic was ldquoMangroves Afforestation and Alternate Livelihoodrdquo
bull A team of 50 community volunteers formed a group named as lsquoAngel Armyrsquo They are trained on cancer detection The Angel Army visited 1000households in Kottappuram and Harbour wards Vizhinjam They identified 150 people suspected of having cancer Out of these 137 peopleattended the camp
HelpAge India felicitated Adani Foundation for its invaluablecontribution in providing basic healthcare facilities to seniorcitizens
Fortune SuPoshan celebrated the 2019 Global HandwashingDay across all its sites Fortune SuPoshan aims to curbmalnutrition and anemia among women and children
35
Annexures
35
Silos of Adani Agri Logistics
Adani Ports and SEZ Limited
Financial Results as per SEBI format
Port Wise Details Q3 FY20
Consolidated Financial Performance Q3 FY20
Segment Financials Q3 FY20
Cargo Break up
+
+
+
+
+
37
Cargo Comparison ndash APSEZ vs All India Ports ndash Q3 FY20
APSEZ Total Throughput All India Ports Total Cargo
All India Container Volume
5 Growth
6 Growth
-As per internal estimates Excluding non Adani and coastal LNG LPG Volume (Cargo in MMT)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
bull Robust amp customer-centric business model leveraging technology
bull Best in industry Port EBITDA - 70
bull Implementing programmes for green port reduction in carbon footprint water conservation and waste reduction
bull Committed to continuous improvement in Health amp Safety standards
bull Investment grade rating
bull Capital allocation policy
bull Dividend amp Shareholder Return policy
bull ESG Adherence
bull Enterprise Risk Management Framework being implemented
bull Proven experience construction experience with efficient engineering amp procurement
bull Successful construction for varied facilities amp sites
bull New terminals for LNG and LPG
bull String of pearls -serving international trade with presence at 11 locations on coastline Customised facilities for ndash steel fertilizer etc
bull Mechanised facilities amp end-to-end logistics in hinterland
bull Aggregate landside area now significant across east amp west coast
bull Catering to complete economic hinterland of the country
bull Laser focus on returns and ROCE analysis ndash20 + for Mundra Hazira and improving for Dhamra and Katupalli
bull Successful and timely move into container and liquids business
bull Serving new business opportunities ndash LNG amp LPG
OperationsDevelopment
Origination Site Development Construction Operation Capital Mgmt
Achieving stated goal of east coast parity with west coast
Achieved objective of long dated tenor
(29 years to ~6 years)
1010Note
1 Under construction
APSEZ ndash Indiarsquos Largest Integrated Ports amp Logistics Player
Tuna
Dahej
Hazira
Mundra
Mormugao Dhamra
Patli
Kishangarh
Kilaraipur
Mundra Indiarsquos
largest Commercial
Port
ldquoString of Ten Portsrdquo across Indiarsquos Coastline with four logistics parks
Kanech
Tuna
Dahej
Hazira
Mundra
Mormugao
Vizhinjam (1)
Kattupalli
Ennore
Vizag
Dhamra
Patli
Kishangarh
Kilaraipur
Multipurpose ports
Bulk terminals
Container terminals
Logistics Parks
Mundra Indiarsquos
largest Commercial
Port Kanech
Yangon
Myanmar(1)
25
53
108
2009 2013 2019
03
06
16
2009 2013 2019
14
39
81
2009 2013 2019
Note
Market Cap on 31st Mar 2019 USD INR exchange rate on 31st Mar 2019 was Rs6915
Revenue for the financial year ended March 31 2019 Revenue refers to the total revenue of APSEZ minus other income USD INR exchange rate on 31st Mar 2019 was Rs6915
Total Assets as on March 31 2019 USD INR exchange rate on 31st Mar 2019 was Rs6915
10
in USD Bn
Market Cap
Revenue
Total Asset
1111
Cargo
13
CAGR(FY19-25)
APSEZ ndash Achieved 200 MMT in FY19 next 200 MMT to be achieved within 5 years
CAGR (FY09-19)
19
36
93
151168
208
429
-50
50
150
250
350
450
FY09 FY11 FY13 FY15 FY17 FY19 FY21 FY23 FY25
bull Mundra LNG LPG and CT2 extension
bull Phase I -Myanmar 05 Mn TEUs
FY25bull No of Ports 12 JV-2bull Capacity 585 MMT
(MMT)
Source Internal calculation
bull Dhamra LNGbull Vijhinzam
FY21bull Krishnapatanam
Cargo
22Revenue
22EBITDA
FY19bull No of Port 10 JV-2bull Capacity 395 MMTbull Revenue 10925 Crbull EBITDA 7067 Cr
FY09bull No of Port 1bull Capacity 80 MMTbull Revenue 1496 Crbull EBITDA 966 Cr
This includes inorganic growth and new capacitiesTo be acquired with Capacity 60MMT
Above financials are based on standalone Consolidated financials eliminates inter company transactionsOthers - includes Shanti Sagar International Dredging Australia Ops Aviation and UtilitiesTerminals - Include Tuna Goa Ennore and Vizag
Hazira - EBITDA higher due to 21 increase in liquid cargo
Dhamra ndashEBITDA margin of 9M FY19 is not comparable as pre-monsoon dredging cost of Rs42 cr is included in it normalized EBITDA margins was 55
Mundra - Revenue is lower due to lower SEZ amp Port Development revenue by Rs378 cr
Terminal- EBITDA Lower as Tuna operating expenses were higher due to maintenance dredging of Rs14 cr
bull Cash flow from operations after changes in working capital and investing activities to be in the range of Rs2000 cr to Rs2250 cr
Free Cash Flow
Does not include acquisition related cash flow
2525
26
Environment Social amp Governance (ESG)
MSCI ndash Morgan Stanley Capital InternationalDJSI ndash Dow Jones Sustainability Index
Update
bull DJSI invited APSEZ to participate in DJSIrsquos world enlarged and emerging market index
Focus Areas
bull Efficient use of water and energy from cleaner sources
bull Reduction of emission levels
bull Zero tolerance for fatalities at ports
Current ESG Rating
bull As per MSCI APSEZ is rated lsquoCCCrsquo we are engaging
with MSCI for revision
26
27
Energy Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysisFuel Grid and Renewable energy are considered for energy performance analysis
Energy Intensity is for per MMT of cargo
bull Energy Intensity for standalone decreased by 3 Increased by 1 for consolidated operations due to change in cargo mix
bull 343 of total energy consumed was from renewable energy sources
27
109
26
7
128
92
2
1174
06
119
715
110
75
7
118
76
2
40
90
86
39
56
13
42
26
46
44
79
40
43
06
72
43
32
12
5868 57125341 5194
5648 5605
9166
80468333
85938944
8309
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
0
50000
100000
150000
200000
250000
300000
350000
400000
450000
500000
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Energy (GJ) Energy Intensity (GJMMT)
(YoY)
28
Emission Performance ndash 9M FY20
bull Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
bull Scope 1 amp Scope 2 emissions are considered for emission performance analysisbull Emission Intensity is for per MMT of cargo
bull GHG emission intensity for standalone has decreased by 3
bull Increased by 3 for consolidated operations due to change in cargo mix
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Industrial (dust suppression tank washing amp others ) and domestic water consumption details are considered for water performance analysisWater Intensity is for per MMT of cargo
bull Water Intensity has increased by 3 for standalone and 17 for consolidated operations due to change in cargo mix
bull 80 of water consumption is from sources other than fresh water (sea water waste water from other industries reuse of own treated wastewater)
29
24
0
22
7
23
8
26
4
23
0
24
2
80
5
75
7
974
1276
93
7
92
7
13
1011
11 12 11
18
15
19
24
19
18
0
5
10
15
20
25
30
0
200
400
600
800
1000
1200
1400
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Water Consumption (ML) Water Intensity (MLMMT)
(YoY)
30
Health amp Safety Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Overall Safety Performance (On Roll + Contractual + Third Party Associates)
bull There were two fatalities of contractors workers laborers during FY20 Detailed investigation of these incidents have been carried out and corrective actions across all the operational sites has been taken to prevent reoccurrence of such incidents
Work Related Injury (Fatality) High Consequence Work Related Injuries (LTI) Recordable Work Related Injuries (Fatality + LTI)
Number Rate
(YoY)
3131
1) SAKSHAM
Aims to make 3 lakh Indian youth skilled by 2022 ASDC has more than 30 centres across the
nation for facilitating skill development through various courses 5027 aspirants enrolled
under various ASDC courses and new projects
2) Udaan
Inspiration based plant visit for schools and college students at 3 port locations (Mundra
Dhamra and Hazira)
3) Swachhagraha
Inculcating Culture of Cleanliness in 3 port locations and covering 48 town cities across 17
states programme as a whole
4) SuPoshan
Curbing Malnutrition amp Anaemia with Community based approach at 5 port locations
Activities includes Anthropometric measurement process of children in age group 0-5 years
HB screening process undertaken by Sangini for the adolescents pregnant and lactating
mothers
Corporate Social Responsibility ndash Major Initiatives
31
3232
Corporate Social Responsibility ndash Adani Foundation
32
Adani Ports amp SEZ received lsquoHonorary Special MentionAwardrsquo at the National Corporate Social ResponsibilityAwards ceremony organized by the Ministry of CorporateAffairs in New Delhi APSEZ was recognized for lsquoCSR inChallenging Circumstancesrsquo in the western region andcreating sustainable impact on incomes and overall livingstandards of the fishermen community in Gujarat
After successful implementation in 17 schools of Mundra Project Utthan has been launched in 18 schools across Nakhatrana (Kutch) and Hazira (Surat) Under Utthan Adani Foundation has adopted Government Primary Schools in Kutch region with an aim to improve the quality of teaching learning with focus on the lsquoPriya Vidyarthirsquo (name given by the Government for students who are academically weak) Currently the project impacts 2411 students
3333
Corporate Social Responsibility ndash Adani Foundation
33
Adani Vidya Mandir Ahmedabad hosted a three-day awareness workshop on AccreditationStandard for Quality School Governance The workshop was organised by Quality Councilof India 18 Heads of Schools from Gujarat Maharashtra and Rajasthan attended theworkshop
bull The students of Adani Vidya Mandir Ahmedabad Dhruv Dave Kirtan Saraiyaand Bhavya Mehta from class 10 were the top scorers in the Aryabhatt GanitChallenge
bull Students of AVMA participated and won medals in the various athletic andgroup events such as Kho-Kho Kabaddi and Volleyball at the Inter-school sportscompetition conducted by Zydus School for Excellence Godhavi on December21
Adani Skill Development Centre has trained 50000 people for various skillsand generated 65 livelihood through 45 courses in 9 states in its 3frac12 years ofoperations Adani Foundation celebrated this significant milestone at aceremony organised at Adani Corporate House in Ahmedabad
Students from Adani Vidya Mandir Ahmedabad won medals at the CBSE Cluster XIIIAthletics Meet 2019 in Vadodara Gujarat Adani Public School Mundra bagged 2 Gold(Discus amp Javelin) 1 Silver (Shot Put) and 1 Bronze (Athletics) The winners will nowrepresent their schools at the CBSE Zonal Athletics Meet 2019
3434
Corporate Social Responsibility ndash Adani Foundation
34
bull Adani Foundation organised a Mini Marathon on the auspicious occasion of Gandhi Jayanti under Swachhagraha project 400 studentsparticipated in the Marathon
bull Adani Foundation got Award under ldquoPar Excellencerdquo category from Quality Circle Forum of India ndash National Case Study presentationcompetition Case Study Topic was ldquoMangroves Afforestation and Alternate Livelihoodrdquo
bull A team of 50 community volunteers formed a group named as lsquoAngel Armyrsquo They are trained on cancer detection The Angel Army visited 1000households in Kottappuram and Harbour wards Vizhinjam They identified 150 people suspected of having cancer Out of these 137 peopleattended the camp
HelpAge India felicitated Adani Foundation for its invaluablecontribution in providing basic healthcare facilities to seniorcitizens
Fortune SuPoshan celebrated the 2019 Global HandwashingDay across all its sites Fortune SuPoshan aims to curbmalnutrition and anemia among women and children
35
Annexures
35
Silos of Adani Agri Logistics
Adani Ports and SEZ Limited
Financial Results as per SEBI format
Port Wise Details Q3 FY20
Consolidated Financial Performance Q3 FY20
Segment Financials Q3 FY20
Cargo Break up
+
+
+
+
+
37
Cargo Comparison ndash APSEZ vs All India Ports ndash Q3 FY20
APSEZ Total Throughput All India Ports Total Cargo
All India Container Volume
5 Growth
6 Growth
-As per internal estimates Excluding non Adani and coastal LNG LPG Volume (Cargo in MMT)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
bull Robust amp customer-centric business model leveraging technology
bull Best in industry Port EBITDA - 70
bull Implementing programmes for green port reduction in carbon footprint water conservation and waste reduction
bull Committed to continuous improvement in Health amp Safety standards
bull Investment grade rating
bull Capital allocation policy
bull Dividend amp Shareholder Return policy
bull ESG Adherence
bull Enterprise Risk Management Framework being implemented
bull Proven experience construction experience with efficient engineering amp procurement
bull Successful construction for varied facilities amp sites
bull New terminals for LNG and LPG
bull String of pearls -serving international trade with presence at 11 locations on coastline Customised facilities for ndash steel fertilizer etc
bull Mechanised facilities amp end-to-end logistics in hinterland
bull Aggregate landside area now significant across east amp west coast
bull Catering to complete economic hinterland of the country
bull Laser focus on returns and ROCE analysis ndash20 + for Mundra Hazira and improving for Dhamra and Katupalli
bull Successful and timely move into container and liquids business
bull Serving new business opportunities ndash LNG amp LPG
OperationsDevelopment
Origination Site Development Construction Operation Capital Mgmt
Achieving stated goal of east coast parity with west coast
Achieved objective of long dated tenor
(29 years to ~6 years)
1010Note
1 Under construction
APSEZ ndash Indiarsquos Largest Integrated Ports amp Logistics Player
Tuna
Dahej
Hazira
Mundra
Mormugao Dhamra
Patli
Kishangarh
Kilaraipur
Mundra Indiarsquos
largest Commercial
Port
ldquoString of Ten Portsrdquo across Indiarsquos Coastline with four logistics parks
Kanech
Tuna
Dahej
Hazira
Mundra
Mormugao
Vizhinjam (1)
Kattupalli
Ennore
Vizag
Dhamra
Patli
Kishangarh
Kilaraipur
Multipurpose ports
Bulk terminals
Container terminals
Logistics Parks
Mundra Indiarsquos
largest Commercial
Port Kanech
Yangon
Myanmar(1)
25
53
108
2009 2013 2019
03
06
16
2009 2013 2019
14
39
81
2009 2013 2019
Note
Market Cap on 31st Mar 2019 USD INR exchange rate on 31st Mar 2019 was Rs6915
Revenue for the financial year ended March 31 2019 Revenue refers to the total revenue of APSEZ minus other income USD INR exchange rate on 31st Mar 2019 was Rs6915
Total Assets as on March 31 2019 USD INR exchange rate on 31st Mar 2019 was Rs6915
10
in USD Bn
Market Cap
Revenue
Total Asset
1111
Cargo
13
CAGR(FY19-25)
APSEZ ndash Achieved 200 MMT in FY19 next 200 MMT to be achieved within 5 years
CAGR (FY09-19)
19
36
93
151168
208
429
-50
50
150
250
350
450
FY09 FY11 FY13 FY15 FY17 FY19 FY21 FY23 FY25
bull Mundra LNG LPG and CT2 extension
bull Phase I -Myanmar 05 Mn TEUs
FY25bull No of Ports 12 JV-2bull Capacity 585 MMT
(MMT)
Source Internal calculation
bull Dhamra LNGbull Vijhinzam
FY21bull Krishnapatanam
Cargo
22Revenue
22EBITDA
FY19bull No of Port 10 JV-2bull Capacity 395 MMTbull Revenue 10925 Crbull EBITDA 7067 Cr
FY09bull No of Port 1bull Capacity 80 MMTbull Revenue 1496 Crbull EBITDA 966 Cr
This includes inorganic growth and new capacitiesTo be acquired with Capacity 60MMT
Above financials are based on standalone Consolidated financials eliminates inter company transactionsOthers - includes Shanti Sagar International Dredging Australia Ops Aviation and UtilitiesTerminals - Include Tuna Goa Ennore and Vizag
Hazira - EBITDA higher due to 21 increase in liquid cargo
Dhamra ndashEBITDA margin of 9M FY19 is not comparable as pre-monsoon dredging cost of Rs42 cr is included in it normalized EBITDA margins was 55
Mundra - Revenue is lower due to lower SEZ amp Port Development revenue by Rs378 cr
Terminal- EBITDA Lower as Tuna operating expenses were higher due to maintenance dredging of Rs14 cr
bull Cash flow from operations after changes in working capital and investing activities to be in the range of Rs2000 cr to Rs2250 cr
Free Cash Flow
Does not include acquisition related cash flow
2525
26
Environment Social amp Governance (ESG)
MSCI ndash Morgan Stanley Capital InternationalDJSI ndash Dow Jones Sustainability Index
Update
bull DJSI invited APSEZ to participate in DJSIrsquos world enlarged and emerging market index
Focus Areas
bull Efficient use of water and energy from cleaner sources
bull Reduction of emission levels
bull Zero tolerance for fatalities at ports
Current ESG Rating
bull As per MSCI APSEZ is rated lsquoCCCrsquo we are engaging
with MSCI for revision
26
27
Energy Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysisFuel Grid and Renewable energy are considered for energy performance analysis
Energy Intensity is for per MMT of cargo
bull Energy Intensity for standalone decreased by 3 Increased by 1 for consolidated operations due to change in cargo mix
bull 343 of total energy consumed was from renewable energy sources
27
109
26
7
128
92
2
1174
06
119
715
110
75
7
118
76
2
40
90
86
39
56
13
42
26
46
44
79
40
43
06
72
43
32
12
5868 57125341 5194
5648 5605
9166
80468333
85938944
8309
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
0
50000
100000
150000
200000
250000
300000
350000
400000
450000
500000
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Energy (GJ) Energy Intensity (GJMMT)
(YoY)
28
Emission Performance ndash 9M FY20
bull Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
bull Scope 1 amp Scope 2 emissions are considered for emission performance analysisbull Emission Intensity is for per MMT of cargo
bull GHG emission intensity for standalone has decreased by 3
bull Increased by 3 for consolidated operations due to change in cargo mix
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Industrial (dust suppression tank washing amp others ) and domestic water consumption details are considered for water performance analysisWater Intensity is for per MMT of cargo
bull Water Intensity has increased by 3 for standalone and 17 for consolidated operations due to change in cargo mix
bull 80 of water consumption is from sources other than fresh water (sea water waste water from other industries reuse of own treated wastewater)
29
24
0
22
7
23
8
26
4
23
0
24
2
80
5
75
7
974
1276
93
7
92
7
13
1011
11 12 11
18
15
19
24
19
18
0
5
10
15
20
25
30
0
200
400
600
800
1000
1200
1400
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Water Consumption (ML) Water Intensity (MLMMT)
(YoY)
30
Health amp Safety Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Overall Safety Performance (On Roll + Contractual + Third Party Associates)
bull There were two fatalities of contractors workers laborers during FY20 Detailed investigation of these incidents have been carried out and corrective actions across all the operational sites has been taken to prevent reoccurrence of such incidents
Work Related Injury (Fatality) High Consequence Work Related Injuries (LTI) Recordable Work Related Injuries (Fatality + LTI)
Number Rate
(YoY)
3131
1) SAKSHAM
Aims to make 3 lakh Indian youth skilled by 2022 ASDC has more than 30 centres across the
nation for facilitating skill development through various courses 5027 aspirants enrolled
under various ASDC courses and new projects
2) Udaan
Inspiration based plant visit for schools and college students at 3 port locations (Mundra
Dhamra and Hazira)
3) Swachhagraha
Inculcating Culture of Cleanliness in 3 port locations and covering 48 town cities across 17
states programme as a whole
4) SuPoshan
Curbing Malnutrition amp Anaemia with Community based approach at 5 port locations
Activities includes Anthropometric measurement process of children in age group 0-5 years
HB screening process undertaken by Sangini for the adolescents pregnant and lactating
mothers
Corporate Social Responsibility ndash Major Initiatives
31
3232
Corporate Social Responsibility ndash Adani Foundation
32
Adani Ports amp SEZ received lsquoHonorary Special MentionAwardrsquo at the National Corporate Social ResponsibilityAwards ceremony organized by the Ministry of CorporateAffairs in New Delhi APSEZ was recognized for lsquoCSR inChallenging Circumstancesrsquo in the western region andcreating sustainable impact on incomes and overall livingstandards of the fishermen community in Gujarat
After successful implementation in 17 schools of Mundra Project Utthan has been launched in 18 schools across Nakhatrana (Kutch) and Hazira (Surat) Under Utthan Adani Foundation has adopted Government Primary Schools in Kutch region with an aim to improve the quality of teaching learning with focus on the lsquoPriya Vidyarthirsquo (name given by the Government for students who are academically weak) Currently the project impacts 2411 students
3333
Corporate Social Responsibility ndash Adani Foundation
33
Adani Vidya Mandir Ahmedabad hosted a three-day awareness workshop on AccreditationStandard for Quality School Governance The workshop was organised by Quality Councilof India 18 Heads of Schools from Gujarat Maharashtra and Rajasthan attended theworkshop
bull The students of Adani Vidya Mandir Ahmedabad Dhruv Dave Kirtan Saraiyaand Bhavya Mehta from class 10 were the top scorers in the Aryabhatt GanitChallenge
bull Students of AVMA participated and won medals in the various athletic andgroup events such as Kho-Kho Kabaddi and Volleyball at the Inter-school sportscompetition conducted by Zydus School for Excellence Godhavi on December21
Adani Skill Development Centre has trained 50000 people for various skillsand generated 65 livelihood through 45 courses in 9 states in its 3frac12 years ofoperations Adani Foundation celebrated this significant milestone at aceremony organised at Adani Corporate House in Ahmedabad
Students from Adani Vidya Mandir Ahmedabad won medals at the CBSE Cluster XIIIAthletics Meet 2019 in Vadodara Gujarat Adani Public School Mundra bagged 2 Gold(Discus amp Javelin) 1 Silver (Shot Put) and 1 Bronze (Athletics) The winners will nowrepresent their schools at the CBSE Zonal Athletics Meet 2019
3434
Corporate Social Responsibility ndash Adani Foundation
34
bull Adani Foundation organised a Mini Marathon on the auspicious occasion of Gandhi Jayanti under Swachhagraha project 400 studentsparticipated in the Marathon
bull Adani Foundation got Award under ldquoPar Excellencerdquo category from Quality Circle Forum of India ndash National Case Study presentationcompetition Case Study Topic was ldquoMangroves Afforestation and Alternate Livelihoodrdquo
bull A team of 50 community volunteers formed a group named as lsquoAngel Armyrsquo They are trained on cancer detection The Angel Army visited 1000households in Kottappuram and Harbour wards Vizhinjam They identified 150 people suspected of having cancer Out of these 137 peopleattended the camp
HelpAge India felicitated Adani Foundation for its invaluablecontribution in providing basic healthcare facilities to seniorcitizens
Fortune SuPoshan celebrated the 2019 Global HandwashingDay across all its sites Fortune SuPoshan aims to curbmalnutrition and anemia among women and children
35
Annexures
35
Silos of Adani Agri Logistics
Adani Ports and SEZ Limited
Financial Results as per SEBI format
Port Wise Details Q3 FY20
Consolidated Financial Performance Q3 FY20
Segment Financials Q3 FY20
Cargo Break up
+
+
+
+
+
37
Cargo Comparison ndash APSEZ vs All India Ports ndash Q3 FY20
APSEZ Total Throughput All India Ports Total Cargo
All India Container Volume
5 Growth
6 Growth
-As per internal estimates Excluding non Adani and coastal LNG LPG Volume (Cargo in MMT)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
APSEZ ndash Indiarsquos Largest Integrated Ports amp Logistics Player
Tuna
Dahej
Hazira
Mundra
Mormugao Dhamra
Patli
Kishangarh
Kilaraipur
Mundra Indiarsquos
largest Commercial
Port
ldquoString of Ten Portsrdquo across Indiarsquos Coastline with four logistics parks
Kanech
Tuna
Dahej
Hazira
Mundra
Mormugao
Vizhinjam (1)
Kattupalli
Ennore
Vizag
Dhamra
Patli
Kishangarh
Kilaraipur
Multipurpose ports
Bulk terminals
Container terminals
Logistics Parks
Mundra Indiarsquos
largest Commercial
Port Kanech
Yangon
Myanmar(1)
25
53
108
2009 2013 2019
03
06
16
2009 2013 2019
14
39
81
2009 2013 2019
Note
Market Cap on 31st Mar 2019 USD INR exchange rate on 31st Mar 2019 was Rs6915
Revenue for the financial year ended March 31 2019 Revenue refers to the total revenue of APSEZ minus other income USD INR exchange rate on 31st Mar 2019 was Rs6915
Total Assets as on March 31 2019 USD INR exchange rate on 31st Mar 2019 was Rs6915
10
in USD Bn
Market Cap
Revenue
Total Asset
1111
Cargo
13
CAGR(FY19-25)
APSEZ ndash Achieved 200 MMT in FY19 next 200 MMT to be achieved within 5 years
CAGR (FY09-19)
19
36
93
151168
208
429
-50
50
150
250
350
450
FY09 FY11 FY13 FY15 FY17 FY19 FY21 FY23 FY25
bull Mundra LNG LPG and CT2 extension
bull Phase I -Myanmar 05 Mn TEUs
FY25bull No of Ports 12 JV-2bull Capacity 585 MMT
(MMT)
Source Internal calculation
bull Dhamra LNGbull Vijhinzam
FY21bull Krishnapatanam
Cargo
22Revenue
22EBITDA
FY19bull No of Port 10 JV-2bull Capacity 395 MMTbull Revenue 10925 Crbull EBITDA 7067 Cr
FY09bull No of Port 1bull Capacity 80 MMTbull Revenue 1496 Crbull EBITDA 966 Cr
This includes inorganic growth and new capacitiesTo be acquired with Capacity 60MMT
Above financials are based on standalone Consolidated financials eliminates inter company transactionsOthers - includes Shanti Sagar International Dredging Australia Ops Aviation and UtilitiesTerminals - Include Tuna Goa Ennore and Vizag
Hazira - EBITDA higher due to 21 increase in liquid cargo
Dhamra ndashEBITDA margin of 9M FY19 is not comparable as pre-monsoon dredging cost of Rs42 cr is included in it normalized EBITDA margins was 55
Mundra - Revenue is lower due to lower SEZ amp Port Development revenue by Rs378 cr
Terminal- EBITDA Lower as Tuna operating expenses were higher due to maintenance dredging of Rs14 cr
bull Cash flow from operations after changes in working capital and investing activities to be in the range of Rs2000 cr to Rs2250 cr
Free Cash Flow
Does not include acquisition related cash flow
2525
26
Environment Social amp Governance (ESG)
MSCI ndash Morgan Stanley Capital InternationalDJSI ndash Dow Jones Sustainability Index
Update
bull DJSI invited APSEZ to participate in DJSIrsquos world enlarged and emerging market index
Focus Areas
bull Efficient use of water and energy from cleaner sources
bull Reduction of emission levels
bull Zero tolerance for fatalities at ports
Current ESG Rating
bull As per MSCI APSEZ is rated lsquoCCCrsquo we are engaging
with MSCI for revision
26
27
Energy Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysisFuel Grid and Renewable energy are considered for energy performance analysis
Energy Intensity is for per MMT of cargo
bull Energy Intensity for standalone decreased by 3 Increased by 1 for consolidated operations due to change in cargo mix
bull 343 of total energy consumed was from renewable energy sources
27
109
26
7
128
92
2
1174
06
119
715
110
75
7
118
76
2
40
90
86
39
56
13
42
26
46
44
79
40
43
06
72
43
32
12
5868 57125341 5194
5648 5605
9166
80468333
85938944
8309
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
0
50000
100000
150000
200000
250000
300000
350000
400000
450000
500000
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Energy (GJ) Energy Intensity (GJMMT)
(YoY)
28
Emission Performance ndash 9M FY20
bull Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
bull Scope 1 amp Scope 2 emissions are considered for emission performance analysisbull Emission Intensity is for per MMT of cargo
bull GHG emission intensity for standalone has decreased by 3
bull Increased by 3 for consolidated operations due to change in cargo mix
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Industrial (dust suppression tank washing amp others ) and domestic water consumption details are considered for water performance analysisWater Intensity is for per MMT of cargo
bull Water Intensity has increased by 3 for standalone and 17 for consolidated operations due to change in cargo mix
bull 80 of water consumption is from sources other than fresh water (sea water waste water from other industries reuse of own treated wastewater)
29
24
0
22
7
23
8
26
4
23
0
24
2
80
5
75
7
974
1276
93
7
92
7
13
1011
11 12 11
18
15
19
24
19
18
0
5
10
15
20
25
30
0
200
400
600
800
1000
1200
1400
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Water Consumption (ML) Water Intensity (MLMMT)
(YoY)
30
Health amp Safety Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Overall Safety Performance (On Roll + Contractual + Third Party Associates)
bull There were two fatalities of contractors workers laborers during FY20 Detailed investigation of these incidents have been carried out and corrective actions across all the operational sites has been taken to prevent reoccurrence of such incidents
Work Related Injury (Fatality) High Consequence Work Related Injuries (LTI) Recordable Work Related Injuries (Fatality + LTI)
Number Rate
(YoY)
3131
1) SAKSHAM
Aims to make 3 lakh Indian youth skilled by 2022 ASDC has more than 30 centres across the
nation for facilitating skill development through various courses 5027 aspirants enrolled
under various ASDC courses and new projects
2) Udaan
Inspiration based plant visit for schools and college students at 3 port locations (Mundra
Dhamra and Hazira)
3) Swachhagraha
Inculcating Culture of Cleanliness in 3 port locations and covering 48 town cities across 17
states programme as a whole
4) SuPoshan
Curbing Malnutrition amp Anaemia with Community based approach at 5 port locations
Activities includes Anthropometric measurement process of children in age group 0-5 years
HB screening process undertaken by Sangini for the adolescents pregnant and lactating
mothers
Corporate Social Responsibility ndash Major Initiatives
31
3232
Corporate Social Responsibility ndash Adani Foundation
32
Adani Ports amp SEZ received lsquoHonorary Special MentionAwardrsquo at the National Corporate Social ResponsibilityAwards ceremony organized by the Ministry of CorporateAffairs in New Delhi APSEZ was recognized for lsquoCSR inChallenging Circumstancesrsquo in the western region andcreating sustainable impact on incomes and overall livingstandards of the fishermen community in Gujarat
After successful implementation in 17 schools of Mundra Project Utthan has been launched in 18 schools across Nakhatrana (Kutch) and Hazira (Surat) Under Utthan Adani Foundation has adopted Government Primary Schools in Kutch region with an aim to improve the quality of teaching learning with focus on the lsquoPriya Vidyarthirsquo (name given by the Government for students who are academically weak) Currently the project impacts 2411 students
3333
Corporate Social Responsibility ndash Adani Foundation
33
Adani Vidya Mandir Ahmedabad hosted a three-day awareness workshop on AccreditationStandard for Quality School Governance The workshop was organised by Quality Councilof India 18 Heads of Schools from Gujarat Maharashtra and Rajasthan attended theworkshop
bull The students of Adani Vidya Mandir Ahmedabad Dhruv Dave Kirtan Saraiyaand Bhavya Mehta from class 10 were the top scorers in the Aryabhatt GanitChallenge
bull Students of AVMA participated and won medals in the various athletic andgroup events such as Kho-Kho Kabaddi and Volleyball at the Inter-school sportscompetition conducted by Zydus School for Excellence Godhavi on December21
Adani Skill Development Centre has trained 50000 people for various skillsand generated 65 livelihood through 45 courses in 9 states in its 3frac12 years ofoperations Adani Foundation celebrated this significant milestone at aceremony organised at Adani Corporate House in Ahmedabad
Students from Adani Vidya Mandir Ahmedabad won medals at the CBSE Cluster XIIIAthletics Meet 2019 in Vadodara Gujarat Adani Public School Mundra bagged 2 Gold(Discus amp Javelin) 1 Silver (Shot Put) and 1 Bronze (Athletics) The winners will nowrepresent their schools at the CBSE Zonal Athletics Meet 2019
3434
Corporate Social Responsibility ndash Adani Foundation
34
bull Adani Foundation organised a Mini Marathon on the auspicious occasion of Gandhi Jayanti under Swachhagraha project 400 studentsparticipated in the Marathon
bull Adani Foundation got Award under ldquoPar Excellencerdquo category from Quality Circle Forum of India ndash National Case Study presentationcompetition Case Study Topic was ldquoMangroves Afforestation and Alternate Livelihoodrdquo
bull A team of 50 community volunteers formed a group named as lsquoAngel Armyrsquo They are trained on cancer detection The Angel Army visited 1000households in Kottappuram and Harbour wards Vizhinjam They identified 150 people suspected of having cancer Out of these 137 peopleattended the camp
HelpAge India felicitated Adani Foundation for its invaluablecontribution in providing basic healthcare facilities to seniorcitizens
Fortune SuPoshan celebrated the 2019 Global HandwashingDay across all its sites Fortune SuPoshan aims to curbmalnutrition and anemia among women and children
35
Annexures
35
Silos of Adani Agri Logistics
Adani Ports and SEZ Limited
Financial Results as per SEBI format
Port Wise Details Q3 FY20
Consolidated Financial Performance Q3 FY20
Segment Financials Q3 FY20
Cargo Break up
+
+
+
+
+
37
Cargo Comparison ndash APSEZ vs All India Ports ndash Q3 FY20
APSEZ Total Throughput All India Ports Total Cargo
All India Container Volume
5 Growth
6 Growth
-As per internal estimates Excluding non Adani and coastal LNG LPG Volume (Cargo in MMT)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Above financials are based on standalone Consolidated financials eliminates inter company transactionsOthers - includes Shanti Sagar International Dredging Australia Ops Aviation and UtilitiesTerminals - Include Tuna Goa Ennore and Vizag
Hazira - EBITDA higher due to 21 increase in liquid cargo
Dhamra ndashEBITDA margin of 9M FY19 is not comparable as pre-monsoon dredging cost of Rs42 cr is included in it normalized EBITDA margins was 55
Mundra - Revenue is lower due to lower SEZ amp Port Development revenue by Rs378 cr
Terminal- EBITDA Lower as Tuna operating expenses were higher due to maintenance dredging of Rs14 cr
bull Cash flow from operations after changes in working capital and investing activities to be in the range of Rs2000 cr to Rs2250 cr
Free Cash Flow
Does not include acquisition related cash flow
2525
26
Environment Social amp Governance (ESG)
MSCI ndash Morgan Stanley Capital InternationalDJSI ndash Dow Jones Sustainability Index
Update
bull DJSI invited APSEZ to participate in DJSIrsquos world enlarged and emerging market index
Focus Areas
bull Efficient use of water and energy from cleaner sources
bull Reduction of emission levels
bull Zero tolerance for fatalities at ports
Current ESG Rating
bull As per MSCI APSEZ is rated lsquoCCCrsquo we are engaging
with MSCI for revision
26
27
Energy Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysisFuel Grid and Renewable energy are considered for energy performance analysis
Energy Intensity is for per MMT of cargo
bull Energy Intensity for standalone decreased by 3 Increased by 1 for consolidated operations due to change in cargo mix
bull 343 of total energy consumed was from renewable energy sources
27
109
26
7
128
92
2
1174
06
119
715
110
75
7
118
76
2
40
90
86
39
56
13
42
26
46
44
79
40
43
06
72
43
32
12
5868 57125341 5194
5648 5605
9166
80468333
85938944
8309
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
0
50000
100000
150000
200000
250000
300000
350000
400000
450000
500000
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Energy (GJ) Energy Intensity (GJMMT)
(YoY)
28
Emission Performance ndash 9M FY20
bull Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
bull Scope 1 amp Scope 2 emissions are considered for emission performance analysisbull Emission Intensity is for per MMT of cargo
bull GHG emission intensity for standalone has decreased by 3
bull Increased by 3 for consolidated operations due to change in cargo mix
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Industrial (dust suppression tank washing amp others ) and domestic water consumption details are considered for water performance analysisWater Intensity is for per MMT of cargo
bull Water Intensity has increased by 3 for standalone and 17 for consolidated operations due to change in cargo mix
bull 80 of water consumption is from sources other than fresh water (sea water waste water from other industries reuse of own treated wastewater)
29
24
0
22
7
23
8
26
4
23
0
24
2
80
5
75
7
974
1276
93
7
92
7
13
1011
11 12 11
18
15
19
24
19
18
0
5
10
15
20
25
30
0
200
400
600
800
1000
1200
1400
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Water Consumption (ML) Water Intensity (MLMMT)
(YoY)
30
Health amp Safety Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Overall Safety Performance (On Roll + Contractual + Third Party Associates)
bull There were two fatalities of contractors workers laborers during FY20 Detailed investigation of these incidents have been carried out and corrective actions across all the operational sites has been taken to prevent reoccurrence of such incidents
Work Related Injury (Fatality) High Consequence Work Related Injuries (LTI) Recordable Work Related Injuries (Fatality + LTI)
Number Rate
(YoY)
3131
1) SAKSHAM
Aims to make 3 lakh Indian youth skilled by 2022 ASDC has more than 30 centres across the
nation for facilitating skill development through various courses 5027 aspirants enrolled
under various ASDC courses and new projects
2) Udaan
Inspiration based plant visit for schools and college students at 3 port locations (Mundra
Dhamra and Hazira)
3) Swachhagraha
Inculcating Culture of Cleanliness in 3 port locations and covering 48 town cities across 17
states programme as a whole
4) SuPoshan
Curbing Malnutrition amp Anaemia with Community based approach at 5 port locations
Activities includes Anthropometric measurement process of children in age group 0-5 years
HB screening process undertaken by Sangini for the adolescents pregnant and lactating
mothers
Corporate Social Responsibility ndash Major Initiatives
31
3232
Corporate Social Responsibility ndash Adani Foundation
32
Adani Ports amp SEZ received lsquoHonorary Special MentionAwardrsquo at the National Corporate Social ResponsibilityAwards ceremony organized by the Ministry of CorporateAffairs in New Delhi APSEZ was recognized for lsquoCSR inChallenging Circumstancesrsquo in the western region andcreating sustainable impact on incomes and overall livingstandards of the fishermen community in Gujarat
After successful implementation in 17 schools of Mundra Project Utthan has been launched in 18 schools across Nakhatrana (Kutch) and Hazira (Surat) Under Utthan Adani Foundation has adopted Government Primary Schools in Kutch region with an aim to improve the quality of teaching learning with focus on the lsquoPriya Vidyarthirsquo (name given by the Government for students who are academically weak) Currently the project impacts 2411 students
3333
Corporate Social Responsibility ndash Adani Foundation
33
Adani Vidya Mandir Ahmedabad hosted a three-day awareness workshop on AccreditationStandard for Quality School Governance The workshop was organised by Quality Councilof India 18 Heads of Schools from Gujarat Maharashtra and Rajasthan attended theworkshop
bull The students of Adani Vidya Mandir Ahmedabad Dhruv Dave Kirtan Saraiyaand Bhavya Mehta from class 10 were the top scorers in the Aryabhatt GanitChallenge
bull Students of AVMA participated and won medals in the various athletic andgroup events such as Kho-Kho Kabaddi and Volleyball at the Inter-school sportscompetition conducted by Zydus School for Excellence Godhavi on December21
Adani Skill Development Centre has trained 50000 people for various skillsand generated 65 livelihood through 45 courses in 9 states in its 3frac12 years ofoperations Adani Foundation celebrated this significant milestone at aceremony organised at Adani Corporate House in Ahmedabad
Students from Adani Vidya Mandir Ahmedabad won medals at the CBSE Cluster XIIIAthletics Meet 2019 in Vadodara Gujarat Adani Public School Mundra bagged 2 Gold(Discus amp Javelin) 1 Silver (Shot Put) and 1 Bronze (Athletics) The winners will nowrepresent their schools at the CBSE Zonal Athletics Meet 2019
3434
Corporate Social Responsibility ndash Adani Foundation
34
bull Adani Foundation organised a Mini Marathon on the auspicious occasion of Gandhi Jayanti under Swachhagraha project 400 studentsparticipated in the Marathon
bull Adani Foundation got Award under ldquoPar Excellencerdquo category from Quality Circle Forum of India ndash National Case Study presentationcompetition Case Study Topic was ldquoMangroves Afforestation and Alternate Livelihoodrdquo
bull A team of 50 community volunteers formed a group named as lsquoAngel Armyrsquo They are trained on cancer detection The Angel Army visited 1000households in Kottappuram and Harbour wards Vizhinjam They identified 150 people suspected of having cancer Out of these 137 peopleattended the camp
HelpAge India felicitated Adani Foundation for its invaluablecontribution in providing basic healthcare facilities to seniorcitizens
Fortune SuPoshan celebrated the 2019 Global HandwashingDay across all its sites Fortune SuPoshan aims to curbmalnutrition and anemia among women and children
35
Annexures
35
Silos of Adani Agri Logistics
Adani Ports and SEZ Limited
Financial Results as per SEBI format
Port Wise Details Q3 FY20
Consolidated Financial Performance Q3 FY20
Segment Financials Q3 FY20
Cargo Break up
+
+
+
+
+
37
Cargo Comparison ndash APSEZ vs All India Ports ndash Q3 FY20
APSEZ Total Throughput All India Ports Total Cargo
All India Container Volume
5 Growth
6 Growth
-As per internal estimates Excluding non Adani and coastal LNG LPG Volume (Cargo in MMT)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Above financials are based on standalone Consolidated financials eliminates inter company transactionsOthers - includes Shanti Sagar International Dredging Australia Ops Aviation and UtilitiesTerminals - Include Tuna Goa Ennore and Vizag
Hazira - EBITDA higher due to 21 increase in liquid cargo
Dhamra ndashEBITDA margin of 9M FY19 is not comparable as pre-monsoon dredging cost of Rs42 cr is included in it normalized EBITDA margins was 55
Mundra - Revenue is lower due to lower SEZ amp Port Development revenue by Rs378 cr
Terminal- EBITDA Lower as Tuna operating expenses were higher due to maintenance dredging of Rs14 cr
bull Cash flow from operations after changes in working capital and investing activities to be in the range of Rs2000 cr to Rs2250 cr
Free Cash Flow
Does not include acquisition related cash flow
2525
26
Environment Social amp Governance (ESG)
MSCI ndash Morgan Stanley Capital InternationalDJSI ndash Dow Jones Sustainability Index
Update
bull DJSI invited APSEZ to participate in DJSIrsquos world enlarged and emerging market index
Focus Areas
bull Efficient use of water and energy from cleaner sources
bull Reduction of emission levels
bull Zero tolerance for fatalities at ports
Current ESG Rating
bull As per MSCI APSEZ is rated lsquoCCCrsquo we are engaging
with MSCI for revision
26
27
Energy Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysisFuel Grid and Renewable energy are considered for energy performance analysis
Energy Intensity is for per MMT of cargo
bull Energy Intensity for standalone decreased by 3 Increased by 1 for consolidated operations due to change in cargo mix
bull 343 of total energy consumed was from renewable energy sources
27
109
26
7
128
92
2
1174
06
119
715
110
75
7
118
76
2
40
90
86
39
56
13
42
26
46
44
79
40
43
06
72
43
32
12
5868 57125341 5194
5648 5605
9166
80468333
85938944
8309
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
0
50000
100000
150000
200000
250000
300000
350000
400000
450000
500000
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Energy (GJ) Energy Intensity (GJMMT)
(YoY)
28
Emission Performance ndash 9M FY20
bull Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
bull Scope 1 amp Scope 2 emissions are considered for emission performance analysisbull Emission Intensity is for per MMT of cargo
bull GHG emission intensity for standalone has decreased by 3
bull Increased by 3 for consolidated operations due to change in cargo mix
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Industrial (dust suppression tank washing amp others ) and domestic water consumption details are considered for water performance analysisWater Intensity is for per MMT of cargo
bull Water Intensity has increased by 3 for standalone and 17 for consolidated operations due to change in cargo mix
bull 80 of water consumption is from sources other than fresh water (sea water waste water from other industries reuse of own treated wastewater)
29
24
0
22
7
23
8
26
4
23
0
24
2
80
5
75
7
974
1276
93
7
92
7
13
1011
11 12 11
18
15
19
24
19
18
0
5
10
15
20
25
30
0
200
400
600
800
1000
1200
1400
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Water Consumption (ML) Water Intensity (MLMMT)
(YoY)
30
Health amp Safety Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Overall Safety Performance (On Roll + Contractual + Third Party Associates)
bull There were two fatalities of contractors workers laborers during FY20 Detailed investigation of these incidents have been carried out and corrective actions across all the operational sites has been taken to prevent reoccurrence of such incidents
Work Related Injury (Fatality) High Consequence Work Related Injuries (LTI) Recordable Work Related Injuries (Fatality + LTI)
Number Rate
(YoY)
3131
1) SAKSHAM
Aims to make 3 lakh Indian youth skilled by 2022 ASDC has more than 30 centres across the
nation for facilitating skill development through various courses 5027 aspirants enrolled
under various ASDC courses and new projects
2) Udaan
Inspiration based plant visit for schools and college students at 3 port locations (Mundra
Dhamra and Hazira)
3) Swachhagraha
Inculcating Culture of Cleanliness in 3 port locations and covering 48 town cities across 17
states programme as a whole
4) SuPoshan
Curbing Malnutrition amp Anaemia with Community based approach at 5 port locations
Activities includes Anthropometric measurement process of children in age group 0-5 years
HB screening process undertaken by Sangini for the adolescents pregnant and lactating
mothers
Corporate Social Responsibility ndash Major Initiatives
31
3232
Corporate Social Responsibility ndash Adani Foundation
32
Adani Ports amp SEZ received lsquoHonorary Special MentionAwardrsquo at the National Corporate Social ResponsibilityAwards ceremony organized by the Ministry of CorporateAffairs in New Delhi APSEZ was recognized for lsquoCSR inChallenging Circumstancesrsquo in the western region andcreating sustainable impact on incomes and overall livingstandards of the fishermen community in Gujarat
After successful implementation in 17 schools of Mundra Project Utthan has been launched in 18 schools across Nakhatrana (Kutch) and Hazira (Surat) Under Utthan Adani Foundation has adopted Government Primary Schools in Kutch region with an aim to improve the quality of teaching learning with focus on the lsquoPriya Vidyarthirsquo (name given by the Government for students who are academically weak) Currently the project impacts 2411 students
3333
Corporate Social Responsibility ndash Adani Foundation
33
Adani Vidya Mandir Ahmedabad hosted a three-day awareness workshop on AccreditationStandard for Quality School Governance The workshop was organised by Quality Councilof India 18 Heads of Schools from Gujarat Maharashtra and Rajasthan attended theworkshop
bull The students of Adani Vidya Mandir Ahmedabad Dhruv Dave Kirtan Saraiyaand Bhavya Mehta from class 10 were the top scorers in the Aryabhatt GanitChallenge
bull Students of AVMA participated and won medals in the various athletic andgroup events such as Kho-Kho Kabaddi and Volleyball at the Inter-school sportscompetition conducted by Zydus School for Excellence Godhavi on December21
Adani Skill Development Centre has trained 50000 people for various skillsand generated 65 livelihood through 45 courses in 9 states in its 3frac12 years ofoperations Adani Foundation celebrated this significant milestone at aceremony organised at Adani Corporate House in Ahmedabad
Students from Adani Vidya Mandir Ahmedabad won medals at the CBSE Cluster XIIIAthletics Meet 2019 in Vadodara Gujarat Adani Public School Mundra bagged 2 Gold(Discus amp Javelin) 1 Silver (Shot Put) and 1 Bronze (Athletics) The winners will nowrepresent their schools at the CBSE Zonal Athletics Meet 2019
3434
Corporate Social Responsibility ndash Adani Foundation
34
bull Adani Foundation organised a Mini Marathon on the auspicious occasion of Gandhi Jayanti under Swachhagraha project 400 studentsparticipated in the Marathon
bull Adani Foundation got Award under ldquoPar Excellencerdquo category from Quality Circle Forum of India ndash National Case Study presentationcompetition Case Study Topic was ldquoMangroves Afforestation and Alternate Livelihoodrdquo
bull A team of 50 community volunteers formed a group named as lsquoAngel Armyrsquo They are trained on cancer detection The Angel Army visited 1000households in Kottappuram and Harbour wards Vizhinjam They identified 150 people suspected of having cancer Out of these 137 peopleattended the camp
HelpAge India felicitated Adani Foundation for its invaluablecontribution in providing basic healthcare facilities to seniorcitizens
Fortune SuPoshan celebrated the 2019 Global HandwashingDay across all its sites Fortune SuPoshan aims to curbmalnutrition and anemia among women and children
35
Annexures
35
Silos of Adani Agri Logistics
Adani Ports and SEZ Limited
Financial Results as per SEBI format
Port Wise Details Q3 FY20
Consolidated Financial Performance Q3 FY20
Segment Financials Q3 FY20
Cargo Break up
+
+
+
+
+
37
Cargo Comparison ndash APSEZ vs All India Ports ndash Q3 FY20
APSEZ Total Throughput All India Ports Total Cargo
All India Container Volume
5 Growth
6 Growth
-As per internal estimates Excluding non Adani and coastal LNG LPG Volume (Cargo in MMT)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Above financials are based on standalone Consolidated financials eliminates inter company transactionsOthers - includes Shanti Sagar International Dredging Australia Ops Aviation and UtilitiesTerminals - Include Tuna Goa Ennore and Vizag
Hazira - EBITDA higher due to 21 increase in liquid cargo
Dhamra ndashEBITDA margin of 9M FY19 is not comparable as pre-monsoon dredging cost of Rs42 cr is included in it normalized EBITDA margins was 55
Mundra - Revenue is lower due to lower SEZ amp Port Development revenue by Rs378 cr
Terminal- EBITDA Lower as Tuna operating expenses were higher due to maintenance dredging of Rs14 cr
bull Cash flow from operations after changes in working capital and investing activities to be in the range of Rs2000 cr to Rs2250 cr
Free Cash Flow
Does not include acquisition related cash flow
2525
26
Environment Social amp Governance (ESG)
MSCI ndash Morgan Stanley Capital InternationalDJSI ndash Dow Jones Sustainability Index
Update
bull DJSI invited APSEZ to participate in DJSIrsquos world enlarged and emerging market index
Focus Areas
bull Efficient use of water and energy from cleaner sources
bull Reduction of emission levels
bull Zero tolerance for fatalities at ports
Current ESG Rating
bull As per MSCI APSEZ is rated lsquoCCCrsquo we are engaging
with MSCI for revision
26
27
Energy Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysisFuel Grid and Renewable energy are considered for energy performance analysis
Energy Intensity is for per MMT of cargo
bull Energy Intensity for standalone decreased by 3 Increased by 1 for consolidated operations due to change in cargo mix
bull 343 of total energy consumed was from renewable energy sources
27
109
26
7
128
92
2
1174
06
119
715
110
75
7
118
76
2
40
90
86
39
56
13
42
26
46
44
79
40
43
06
72
43
32
12
5868 57125341 5194
5648 5605
9166
80468333
85938944
8309
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
0
50000
100000
150000
200000
250000
300000
350000
400000
450000
500000
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Energy (GJ) Energy Intensity (GJMMT)
(YoY)
28
Emission Performance ndash 9M FY20
bull Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
bull Scope 1 amp Scope 2 emissions are considered for emission performance analysisbull Emission Intensity is for per MMT of cargo
bull GHG emission intensity for standalone has decreased by 3
bull Increased by 3 for consolidated operations due to change in cargo mix
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Industrial (dust suppression tank washing amp others ) and domestic water consumption details are considered for water performance analysisWater Intensity is for per MMT of cargo
bull Water Intensity has increased by 3 for standalone and 17 for consolidated operations due to change in cargo mix
bull 80 of water consumption is from sources other than fresh water (sea water waste water from other industries reuse of own treated wastewater)
29
24
0
22
7
23
8
26
4
23
0
24
2
80
5
75
7
974
1276
93
7
92
7
13
1011
11 12 11
18
15
19
24
19
18
0
5
10
15
20
25
30
0
200
400
600
800
1000
1200
1400
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Water Consumption (ML) Water Intensity (MLMMT)
(YoY)
30
Health amp Safety Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Overall Safety Performance (On Roll + Contractual + Third Party Associates)
bull There were two fatalities of contractors workers laborers during FY20 Detailed investigation of these incidents have been carried out and corrective actions across all the operational sites has been taken to prevent reoccurrence of such incidents
Work Related Injury (Fatality) High Consequence Work Related Injuries (LTI) Recordable Work Related Injuries (Fatality + LTI)
Number Rate
(YoY)
3131
1) SAKSHAM
Aims to make 3 lakh Indian youth skilled by 2022 ASDC has more than 30 centres across the
nation for facilitating skill development through various courses 5027 aspirants enrolled
under various ASDC courses and new projects
2) Udaan
Inspiration based plant visit for schools and college students at 3 port locations (Mundra
Dhamra and Hazira)
3) Swachhagraha
Inculcating Culture of Cleanliness in 3 port locations and covering 48 town cities across 17
states programme as a whole
4) SuPoshan
Curbing Malnutrition amp Anaemia with Community based approach at 5 port locations
Activities includes Anthropometric measurement process of children in age group 0-5 years
HB screening process undertaken by Sangini for the adolescents pregnant and lactating
mothers
Corporate Social Responsibility ndash Major Initiatives
31
3232
Corporate Social Responsibility ndash Adani Foundation
32
Adani Ports amp SEZ received lsquoHonorary Special MentionAwardrsquo at the National Corporate Social ResponsibilityAwards ceremony organized by the Ministry of CorporateAffairs in New Delhi APSEZ was recognized for lsquoCSR inChallenging Circumstancesrsquo in the western region andcreating sustainable impact on incomes and overall livingstandards of the fishermen community in Gujarat
After successful implementation in 17 schools of Mundra Project Utthan has been launched in 18 schools across Nakhatrana (Kutch) and Hazira (Surat) Under Utthan Adani Foundation has adopted Government Primary Schools in Kutch region with an aim to improve the quality of teaching learning with focus on the lsquoPriya Vidyarthirsquo (name given by the Government for students who are academically weak) Currently the project impacts 2411 students
3333
Corporate Social Responsibility ndash Adani Foundation
33
Adani Vidya Mandir Ahmedabad hosted a three-day awareness workshop on AccreditationStandard for Quality School Governance The workshop was organised by Quality Councilof India 18 Heads of Schools from Gujarat Maharashtra and Rajasthan attended theworkshop
bull The students of Adani Vidya Mandir Ahmedabad Dhruv Dave Kirtan Saraiyaand Bhavya Mehta from class 10 were the top scorers in the Aryabhatt GanitChallenge
bull Students of AVMA participated and won medals in the various athletic andgroup events such as Kho-Kho Kabaddi and Volleyball at the Inter-school sportscompetition conducted by Zydus School for Excellence Godhavi on December21
Adani Skill Development Centre has trained 50000 people for various skillsand generated 65 livelihood through 45 courses in 9 states in its 3frac12 years ofoperations Adani Foundation celebrated this significant milestone at aceremony organised at Adani Corporate House in Ahmedabad
Students from Adani Vidya Mandir Ahmedabad won medals at the CBSE Cluster XIIIAthletics Meet 2019 in Vadodara Gujarat Adani Public School Mundra bagged 2 Gold(Discus amp Javelin) 1 Silver (Shot Put) and 1 Bronze (Athletics) The winners will nowrepresent their schools at the CBSE Zonal Athletics Meet 2019
3434
Corporate Social Responsibility ndash Adani Foundation
34
bull Adani Foundation organised a Mini Marathon on the auspicious occasion of Gandhi Jayanti under Swachhagraha project 400 studentsparticipated in the Marathon
bull Adani Foundation got Award under ldquoPar Excellencerdquo category from Quality Circle Forum of India ndash National Case Study presentationcompetition Case Study Topic was ldquoMangroves Afforestation and Alternate Livelihoodrdquo
bull A team of 50 community volunteers formed a group named as lsquoAngel Armyrsquo They are trained on cancer detection The Angel Army visited 1000households in Kottappuram and Harbour wards Vizhinjam They identified 150 people suspected of having cancer Out of these 137 peopleattended the camp
HelpAge India felicitated Adani Foundation for its invaluablecontribution in providing basic healthcare facilities to seniorcitizens
Fortune SuPoshan celebrated the 2019 Global HandwashingDay across all its sites Fortune SuPoshan aims to curbmalnutrition and anemia among women and children
35
Annexures
35
Silos of Adani Agri Logistics
Adani Ports and SEZ Limited
Financial Results as per SEBI format
Port Wise Details Q3 FY20
Consolidated Financial Performance Q3 FY20
Segment Financials Q3 FY20
Cargo Break up
+
+
+
+
+
37
Cargo Comparison ndash APSEZ vs All India Ports ndash Q3 FY20
APSEZ Total Throughput All India Ports Total Cargo
All India Container Volume
5 Growth
6 Growth
-As per internal estimates Excluding non Adani and coastal LNG LPG Volume (Cargo in MMT)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Above financials are based on standalone Consolidated financials eliminates inter company transactionsOthers - includes Shanti Sagar International Dredging Australia Ops Aviation and UtilitiesTerminals - Include Tuna Goa Ennore and Vizag
Hazira - EBITDA higher due to 21 increase in liquid cargo
Dhamra ndashEBITDA margin of 9M FY19 is not comparable as pre-monsoon dredging cost of Rs42 cr is included in it normalized EBITDA margins was 55
Mundra - Revenue is lower due to lower SEZ amp Port Development revenue by Rs378 cr
Terminal- EBITDA Lower as Tuna operating expenses were higher due to maintenance dredging of Rs14 cr
bull Cash flow from operations after changes in working capital and investing activities to be in the range of Rs2000 cr to Rs2250 cr
Free Cash Flow
Does not include acquisition related cash flow
2525
26
Environment Social amp Governance (ESG)
MSCI ndash Morgan Stanley Capital InternationalDJSI ndash Dow Jones Sustainability Index
Update
bull DJSI invited APSEZ to participate in DJSIrsquos world enlarged and emerging market index
Focus Areas
bull Efficient use of water and energy from cleaner sources
bull Reduction of emission levels
bull Zero tolerance for fatalities at ports
Current ESG Rating
bull As per MSCI APSEZ is rated lsquoCCCrsquo we are engaging
with MSCI for revision
26
27
Energy Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysisFuel Grid and Renewable energy are considered for energy performance analysis
Energy Intensity is for per MMT of cargo
bull Energy Intensity for standalone decreased by 3 Increased by 1 for consolidated operations due to change in cargo mix
bull 343 of total energy consumed was from renewable energy sources
27
109
26
7
128
92
2
1174
06
119
715
110
75
7
118
76
2
40
90
86
39
56
13
42
26
46
44
79
40
43
06
72
43
32
12
5868 57125341 5194
5648 5605
9166
80468333
85938944
8309
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
0
50000
100000
150000
200000
250000
300000
350000
400000
450000
500000
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Energy (GJ) Energy Intensity (GJMMT)
(YoY)
28
Emission Performance ndash 9M FY20
bull Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
bull Scope 1 amp Scope 2 emissions are considered for emission performance analysisbull Emission Intensity is for per MMT of cargo
bull GHG emission intensity for standalone has decreased by 3
bull Increased by 3 for consolidated operations due to change in cargo mix
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Industrial (dust suppression tank washing amp others ) and domestic water consumption details are considered for water performance analysisWater Intensity is for per MMT of cargo
bull Water Intensity has increased by 3 for standalone and 17 for consolidated operations due to change in cargo mix
bull 80 of water consumption is from sources other than fresh water (sea water waste water from other industries reuse of own treated wastewater)
29
24
0
22
7
23
8
26
4
23
0
24
2
80
5
75
7
974
1276
93
7
92
7
13
1011
11 12 11
18
15
19
24
19
18
0
5
10
15
20
25
30
0
200
400
600
800
1000
1200
1400
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Water Consumption (ML) Water Intensity (MLMMT)
(YoY)
30
Health amp Safety Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Overall Safety Performance (On Roll + Contractual + Third Party Associates)
bull There were two fatalities of contractors workers laborers during FY20 Detailed investigation of these incidents have been carried out and corrective actions across all the operational sites has been taken to prevent reoccurrence of such incidents
Work Related Injury (Fatality) High Consequence Work Related Injuries (LTI) Recordable Work Related Injuries (Fatality + LTI)
Number Rate
(YoY)
3131
1) SAKSHAM
Aims to make 3 lakh Indian youth skilled by 2022 ASDC has more than 30 centres across the
nation for facilitating skill development through various courses 5027 aspirants enrolled
under various ASDC courses and new projects
2) Udaan
Inspiration based plant visit for schools and college students at 3 port locations (Mundra
Dhamra and Hazira)
3) Swachhagraha
Inculcating Culture of Cleanliness in 3 port locations and covering 48 town cities across 17
states programme as a whole
4) SuPoshan
Curbing Malnutrition amp Anaemia with Community based approach at 5 port locations
Activities includes Anthropometric measurement process of children in age group 0-5 years
HB screening process undertaken by Sangini for the adolescents pregnant and lactating
mothers
Corporate Social Responsibility ndash Major Initiatives
31
3232
Corporate Social Responsibility ndash Adani Foundation
32
Adani Ports amp SEZ received lsquoHonorary Special MentionAwardrsquo at the National Corporate Social ResponsibilityAwards ceremony organized by the Ministry of CorporateAffairs in New Delhi APSEZ was recognized for lsquoCSR inChallenging Circumstancesrsquo in the western region andcreating sustainable impact on incomes and overall livingstandards of the fishermen community in Gujarat
After successful implementation in 17 schools of Mundra Project Utthan has been launched in 18 schools across Nakhatrana (Kutch) and Hazira (Surat) Under Utthan Adani Foundation has adopted Government Primary Schools in Kutch region with an aim to improve the quality of teaching learning with focus on the lsquoPriya Vidyarthirsquo (name given by the Government for students who are academically weak) Currently the project impacts 2411 students
3333
Corporate Social Responsibility ndash Adani Foundation
33
Adani Vidya Mandir Ahmedabad hosted a three-day awareness workshop on AccreditationStandard for Quality School Governance The workshop was organised by Quality Councilof India 18 Heads of Schools from Gujarat Maharashtra and Rajasthan attended theworkshop
bull The students of Adani Vidya Mandir Ahmedabad Dhruv Dave Kirtan Saraiyaand Bhavya Mehta from class 10 were the top scorers in the Aryabhatt GanitChallenge
bull Students of AVMA participated and won medals in the various athletic andgroup events such as Kho-Kho Kabaddi and Volleyball at the Inter-school sportscompetition conducted by Zydus School for Excellence Godhavi on December21
Adani Skill Development Centre has trained 50000 people for various skillsand generated 65 livelihood through 45 courses in 9 states in its 3frac12 years ofoperations Adani Foundation celebrated this significant milestone at aceremony organised at Adani Corporate House in Ahmedabad
Students from Adani Vidya Mandir Ahmedabad won medals at the CBSE Cluster XIIIAthletics Meet 2019 in Vadodara Gujarat Adani Public School Mundra bagged 2 Gold(Discus amp Javelin) 1 Silver (Shot Put) and 1 Bronze (Athletics) The winners will nowrepresent their schools at the CBSE Zonal Athletics Meet 2019
3434
Corporate Social Responsibility ndash Adani Foundation
34
bull Adani Foundation organised a Mini Marathon on the auspicious occasion of Gandhi Jayanti under Swachhagraha project 400 studentsparticipated in the Marathon
bull Adani Foundation got Award under ldquoPar Excellencerdquo category from Quality Circle Forum of India ndash National Case Study presentationcompetition Case Study Topic was ldquoMangroves Afforestation and Alternate Livelihoodrdquo
bull A team of 50 community volunteers formed a group named as lsquoAngel Armyrsquo They are trained on cancer detection The Angel Army visited 1000households in Kottappuram and Harbour wards Vizhinjam They identified 150 people suspected of having cancer Out of these 137 peopleattended the camp
HelpAge India felicitated Adani Foundation for its invaluablecontribution in providing basic healthcare facilities to seniorcitizens
Fortune SuPoshan celebrated the 2019 Global HandwashingDay across all its sites Fortune SuPoshan aims to curbmalnutrition and anemia among women and children
35
Annexures
35
Silos of Adani Agri Logistics
Adani Ports and SEZ Limited
Financial Results as per SEBI format
Port Wise Details Q3 FY20
Consolidated Financial Performance Q3 FY20
Segment Financials Q3 FY20
Cargo Break up
+
+
+
+
+
37
Cargo Comparison ndash APSEZ vs All India Ports ndash Q3 FY20
APSEZ Total Throughput All India Ports Total Cargo
All India Container Volume
5 Growth
6 Growth
-As per internal estimates Excluding non Adani and coastal LNG LPG Volume (Cargo in MMT)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Above financials are based on standalone Consolidated financials eliminates inter company transactionsOthers - includes Shanti Sagar International Dredging Australia Ops Aviation and UtilitiesTerminals - Include Tuna Goa Ennore and Vizag
Hazira - EBITDA higher due to 21 increase in liquid cargo
Dhamra ndashEBITDA margin of 9M FY19 is not comparable as pre-monsoon dredging cost of Rs42 cr is included in it normalized EBITDA margins was 55
Mundra - Revenue is lower due to lower SEZ amp Port Development revenue by Rs378 cr
Terminal- EBITDA Lower as Tuna operating expenses were higher due to maintenance dredging of Rs14 cr
bull Cash flow from operations after changes in working capital and investing activities to be in the range of Rs2000 cr to Rs2250 cr
Free Cash Flow
Does not include acquisition related cash flow
2525
26
Environment Social amp Governance (ESG)
MSCI ndash Morgan Stanley Capital InternationalDJSI ndash Dow Jones Sustainability Index
Update
bull DJSI invited APSEZ to participate in DJSIrsquos world enlarged and emerging market index
Focus Areas
bull Efficient use of water and energy from cleaner sources
bull Reduction of emission levels
bull Zero tolerance for fatalities at ports
Current ESG Rating
bull As per MSCI APSEZ is rated lsquoCCCrsquo we are engaging
with MSCI for revision
26
27
Energy Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysisFuel Grid and Renewable energy are considered for energy performance analysis
Energy Intensity is for per MMT of cargo
bull Energy Intensity for standalone decreased by 3 Increased by 1 for consolidated operations due to change in cargo mix
bull 343 of total energy consumed was from renewable energy sources
27
109
26
7
128
92
2
1174
06
119
715
110
75
7
118
76
2
40
90
86
39
56
13
42
26
46
44
79
40
43
06
72
43
32
12
5868 57125341 5194
5648 5605
9166
80468333
85938944
8309
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
0
50000
100000
150000
200000
250000
300000
350000
400000
450000
500000
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Energy (GJ) Energy Intensity (GJMMT)
(YoY)
28
Emission Performance ndash 9M FY20
bull Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
bull Scope 1 amp Scope 2 emissions are considered for emission performance analysisbull Emission Intensity is for per MMT of cargo
bull GHG emission intensity for standalone has decreased by 3
bull Increased by 3 for consolidated operations due to change in cargo mix
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Industrial (dust suppression tank washing amp others ) and domestic water consumption details are considered for water performance analysisWater Intensity is for per MMT of cargo
bull Water Intensity has increased by 3 for standalone and 17 for consolidated operations due to change in cargo mix
bull 80 of water consumption is from sources other than fresh water (sea water waste water from other industries reuse of own treated wastewater)
29
24
0
22
7
23
8
26
4
23
0
24
2
80
5
75
7
974
1276
93
7
92
7
13
1011
11 12 11
18
15
19
24
19
18
0
5
10
15
20
25
30
0
200
400
600
800
1000
1200
1400
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Water Consumption (ML) Water Intensity (MLMMT)
(YoY)
30
Health amp Safety Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Overall Safety Performance (On Roll + Contractual + Third Party Associates)
bull There were two fatalities of contractors workers laborers during FY20 Detailed investigation of these incidents have been carried out and corrective actions across all the operational sites has been taken to prevent reoccurrence of such incidents
Work Related Injury (Fatality) High Consequence Work Related Injuries (LTI) Recordable Work Related Injuries (Fatality + LTI)
Number Rate
(YoY)
3131
1) SAKSHAM
Aims to make 3 lakh Indian youth skilled by 2022 ASDC has more than 30 centres across the
nation for facilitating skill development through various courses 5027 aspirants enrolled
under various ASDC courses and new projects
2) Udaan
Inspiration based plant visit for schools and college students at 3 port locations (Mundra
Dhamra and Hazira)
3) Swachhagraha
Inculcating Culture of Cleanliness in 3 port locations and covering 48 town cities across 17
states programme as a whole
4) SuPoshan
Curbing Malnutrition amp Anaemia with Community based approach at 5 port locations
Activities includes Anthropometric measurement process of children in age group 0-5 years
HB screening process undertaken by Sangini for the adolescents pregnant and lactating
mothers
Corporate Social Responsibility ndash Major Initiatives
31
3232
Corporate Social Responsibility ndash Adani Foundation
32
Adani Ports amp SEZ received lsquoHonorary Special MentionAwardrsquo at the National Corporate Social ResponsibilityAwards ceremony organized by the Ministry of CorporateAffairs in New Delhi APSEZ was recognized for lsquoCSR inChallenging Circumstancesrsquo in the western region andcreating sustainable impact on incomes and overall livingstandards of the fishermen community in Gujarat
After successful implementation in 17 schools of Mundra Project Utthan has been launched in 18 schools across Nakhatrana (Kutch) and Hazira (Surat) Under Utthan Adani Foundation has adopted Government Primary Schools in Kutch region with an aim to improve the quality of teaching learning with focus on the lsquoPriya Vidyarthirsquo (name given by the Government for students who are academically weak) Currently the project impacts 2411 students
3333
Corporate Social Responsibility ndash Adani Foundation
33
Adani Vidya Mandir Ahmedabad hosted a three-day awareness workshop on AccreditationStandard for Quality School Governance The workshop was organised by Quality Councilof India 18 Heads of Schools from Gujarat Maharashtra and Rajasthan attended theworkshop
bull The students of Adani Vidya Mandir Ahmedabad Dhruv Dave Kirtan Saraiyaand Bhavya Mehta from class 10 were the top scorers in the Aryabhatt GanitChallenge
bull Students of AVMA participated and won medals in the various athletic andgroup events such as Kho-Kho Kabaddi and Volleyball at the Inter-school sportscompetition conducted by Zydus School for Excellence Godhavi on December21
Adani Skill Development Centre has trained 50000 people for various skillsand generated 65 livelihood through 45 courses in 9 states in its 3frac12 years ofoperations Adani Foundation celebrated this significant milestone at aceremony organised at Adani Corporate House in Ahmedabad
Students from Adani Vidya Mandir Ahmedabad won medals at the CBSE Cluster XIIIAthletics Meet 2019 in Vadodara Gujarat Adani Public School Mundra bagged 2 Gold(Discus amp Javelin) 1 Silver (Shot Put) and 1 Bronze (Athletics) The winners will nowrepresent their schools at the CBSE Zonal Athletics Meet 2019
3434
Corporate Social Responsibility ndash Adani Foundation
34
bull Adani Foundation organised a Mini Marathon on the auspicious occasion of Gandhi Jayanti under Swachhagraha project 400 studentsparticipated in the Marathon
bull Adani Foundation got Award under ldquoPar Excellencerdquo category from Quality Circle Forum of India ndash National Case Study presentationcompetition Case Study Topic was ldquoMangroves Afforestation and Alternate Livelihoodrdquo
bull A team of 50 community volunteers formed a group named as lsquoAngel Armyrsquo They are trained on cancer detection The Angel Army visited 1000households in Kottappuram and Harbour wards Vizhinjam They identified 150 people suspected of having cancer Out of these 137 peopleattended the camp
HelpAge India felicitated Adani Foundation for its invaluablecontribution in providing basic healthcare facilities to seniorcitizens
Fortune SuPoshan celebrated the 2019 Global HandwashingDay across all its sites Fortune SuPoshan aims to curbmalnutrition and anemia among women and children
35
Annexures
35
Silos of Adani Agri Logistics
Adani Ports and SEZ Limited
Financial Results as per SEBI format
Port Wise Details Q3 FY20
Consolidated Financial Performance Q3 FY20
Segment Financials Q3 FY20
Cargo Break up
+
+
+
+
+
37
Cargo Comparison ndash APSEZ vs All India Ports ndash Q3 FY20
APSEZ Total Throughput All India Ports Total Cargo
All India Container Volume
5 Growth
6 Growth
-As per internal estimates Excluding non Adani and coastal LNG LPG Volume (Cargo in MMT)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Above financials are based on standalone Consolidated financials eliminates inter company transactionsOthers - includes Shanti Sagar International Dredging Australia Ops Aviation and UtilitiesTerminals - Include Tuna Goa Ennore and Vizag
Hazira - EBITDA higher due to 21 increase in liquid cargo
Dhamra ndashEBITDA margin of 9M FY19 is not comparable as pre-monsoon dredging cost of Rs42 cr is included in it normalized EBITDA margins was 55
Mundra - Revenue is lower due to lower SEZ amp Port Development revenue by Rs378 cr
Terminal- EBITDA Lower as Tuna operating expenses were higher due to maintenance dredging of Rs14 cr
bull Cash flow from operations after changes in working capital and investing activities to be in the range of Rs2000 cr to Rs2250 cr
Free Cash Flow
Does not include acquisition related cash flow
2525
26
Environment Social amp Governance (ESG)
MSCI ndash Morgan Stanley Capital InternationalDJSI ndash Dow Jones Sustainability Index
Update
bull DJSI invited APSEZ to participate in DJSIrsquos world enlarged and emerging market index
Focus Areas
bull Efficient use of water and energy from cleaner sources
bull Reduction of emission levels
bull Zero tolerance for fatalities at ports
Current ESG Rating
bull As per MSCI APSEZ is rated lsquoCCCrsquo we are engaging
with MSCI for revision
26
27
Energy Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysisFuel Grid and Renewable energy are considered for energy performance analysis
Energy Intensity is for per MMT of cargo
bull Energy Intensity for standalone decreased by 3 Increased by 1 for consolidated operations due to change in cargo mix
bull 343 of total energy consumed was from renewable energy sources
27
109
26
7
128
92
2
1174
06
119
715
110
75
7
118
76
2
40
90
86
39
56
13
42
26
46
44
79
40
43
06
72
43
32
12
5868 57125341 5194
5648 5605
9166
80468333
85938944
8309
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
0
50000
100000
150000
200000
250000
300000
350000
400000
450000
500000
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Energy (GJ) Energy Intensity (GJMMT)
(YoY)
28
Emission Performance ndash 9M FY20
bull Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
bull Scope 1 amp Scope 2 emissions are considered for emission performance analysisbull Emission Intensity is for per MMT of cargo
bull GHG emission intensity for standalone has decreased by 3
bull Increased by 3 for consolidated operations due to change in cargo mix
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Industrial (dust suppression tank washing amp others ) and domestic water consumption details are considered for water performance analysisWater Intensity is for per MMT of cargo
bull Water Intensity has increased by 3 for standalone and 17 for consolidated operations due to change in cargo mix
bull 80 of water consumption is from sources other than fresh water (sea water waste water from other industries reuse of own treated wastewater)
29
24
0
22
7
23
8
26
4
23
0
24
2
80
5
75
7
974
1276
93
7
92
7
13
1011
11 12 11
18
15
19
24
19
18
0
5
10
15
20
25
30
0
200
400
600
800
1000
1200
1400
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Water Consumption (ML) Water Intensity (MLMMT)
(YoY)
30
Health amp Safety Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Overall Safety Performance (On Roll + Contractual + Third Party Associates)
bull There were two fatalities of contractors workers laborers during FY20 Detailed investigation of these incidents have been carried out and corrective actions across all the operational sites has been taken to prevent reoccurrence of such incidents
Work Related Injury (Fatality) High Consequence Work Related Injuries (LTI) Recordable Work Related Injuries (Fatality + LTI)
Number Rate
(YoY)
3131
1) SAKSHAM
Aims to make 3 lakh Indian youth skilled by 2022 ASDC has more than 30 centres across the
nation for facilitating skill development through various courses 5027 aspirants enrolled
under various ASDC courses and new projects
2) Udaan
Inspiration based plant visit for schools and college students at 3 port locations (Mundra
Dhamra and Hazira)
3) Swachhagraha
Inculcating Culture of Cleanliness in 3 port locations and covering 48 town cities across 17
states programme as a whole
4) SuPoshan
Curbing Malnutrition amp Anaemia with Community based approach at 5 port locations
Activities includes Anthropometric measurement process of children in age group 0-5 years
HB screening process undertaken by Sangini for the adolescents pregnant and lactating
mothers
Corporate Social Responsibility ndash Major Initiatives
31
3232
Corporate Social Responsibility ndash Adani Foundation
32
Adani Ports amp SEZ received lsquoHonorary Special MentionAwardrsquo at the National Corporate Social ResponsibilityAwards ceremony organized by the Ministry of CorporateAffairs in New Delhi APSEZ was recognized for lsquoCSR inChallenging Circumstancesrsquo in the western region andcreating sustainable impact on incomes and overall livingstandards of the fishermen community in Gujarat
After successful implementation in 17 schools of Mundra Project Utthan has been launched in 18 schools across Nakhatrana (Kutch) and Hazira (Surat) Under Utthan Adani Foundation has adopted Government Primary Schools in Kutch region with an aim to improve the quality of teaching learning with focus on the lsquoPriya Vidyarthirsquo (name given by the Government for students who are academically weak) Currently the project impacts 2411 students
3333
Corporate Social Responsibility ndash Adani Foundation
33
Adani Vidya Mandir Ahmedabad hosted a three-day awareness workshop on AccreditationStandard for Quality School Governance The workshop was organised by Quality Councilof India 18 Heads of Schools from Gujarat Maharashtra and Rajasthan attended theworkshop
bull The students of Adani Vidya Mandir Ahmedabad Dhruv Dave Kirtan Saraiyaand Bhavya Mehta from class 10 were the top scorers in the Aryabhatt GanitChallenge
bull Students of AVMA participated and won medals in the various athletic andgroup events such as Kho-Kho Kabaddi and Volleyball at the Inter-school sportscompetition conducted by Zydus School for Excellence Godhavi on December21
Adani Skill Development Centre has trained 50000 people for various skillsand generated 65 livelihood through 45 courses in 9 states in its 3frac12 years ofoperations Adani Foundation celebrated this significant milestone at aceremony organised at Adani Corporate House in Ahmedabad
Students from Adani Vidya Mandir Ahmedabad won medals at the CBSE Cluster XIIIAthletics Meet 2019 in Vadodara Gujarat Adani Public School Mundra bagged 2 Gold(Discus amp Javelin) 1 Silver (Shot Put) and 1 Bronze (Athletics) The winners will nowrepresent their schools at the CBSE Zonal Athletics Meet 2019
3434
Corporate Social Responsibility ndash Adani Foundation
34
bull Adani Foundation organised a Mini Marathon on the auspicious occasion of Gandhi Jayanti under Swachhagraha project 400 studentsparticipated in the Marathon
bull Adani Foundation got Award under ldquoPar Excellencerdquo category from Quality Circle Forum of India ndash National Case Study presentationcompetition Case Study Topic was ldquoMangroves Afforestation and Alternate Livelihoodrdquo
bull A team of 50 community volunteers formed a group named as lsquoAngel Armyrsquo They are trained on cancer detection The Angel Army visited 1000households in Kottappuram and Harbour wards Vizhinjam They identified 150 people suspected of having cancer Out of these 137 peopleattended the camp
HelpAge India felicitated Adani Foundation for its invaluablecontribution in providing basic healthcare facilities to seniorcitizens
Fortune SuPoshan celebrated the 2019 Global HandwashingDay across all its sites Fortune SuPoshan aims to curbmalnutrition and anemia among women and children
35
Annexures
35
Silos of Adani Agri Logistics
Adani Ports and SEZ Limited
Financial Results as per SEBI format
Port Wise Details Q3 FY20
Consolidated Financial Performance Q3 FY20
Segment Financials Q3 FY20
Cargo Break up
+
+
+
+
+
37
Cargo Comparison ndash APSEZ vs All India Ports ndash Q3 FY20
APSEZ Total Throughput All India Ports Total Cargo
All India Container Volume
5 Growth
6 Growth
-As per internal estimates Excluding non Adani and coastal LNG LPG Volume (Cargo in MMT)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Above financials are based on standalone Consolidated financials eliminates inter company transactionsOthers - includes Shanti Sagar International Dredging Australia Ops Aviation and UtilitiesTerminals - Include Tuna Goa Ennore and Vizag
Hazira - EBITDA higher due to 21 increase in liquid cargo
Dhamra ndashEBITDA margin of 9M FY19 is not comparable as pre-monsoon dredging cost of Rs42 cr is included in it normalized EBITDA margins was 55
Mundra - Revenue is lower due to lower SEZ amp Port Development revenue by Rs378 cr
Terminal- EBITDA Lower as Tuna operating expenses were higher due to maintenance dredging of Rs14 cr
bull Cash flow from operations after changes in working capital and investing activities to be in the range of Rs2000 cr to Rs2250 cr
Free Cash Flow
Does not include acquisition related cash flow
2525
26
Environment Social amp Governance (ESG)
MSCI ndash Morgan Stanley Capital InternationalDJSI ndash Dow Jones Sustainability Index
Update
bull DJSI invited APSEZ to participate in DJSIrsquos world enlarged and emerging market index
Focus Areas
bull Efficient use of water and energy from cleaner sources
bull Reduction of emission levels
bull Zero tolerance for fatalities at ports
Current ESG Rating
bull As per MSCI APSEZ is rated lsquoCCCrsquo we are engaging
with MSCI for revision
26
27
Energy Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysisFuel Grid and Renewable energy are considered for energy performance analysis
Energy Intensity is for per MMT of cargo
bull Energy Intensity for standalone decreased by 3 Increased by 1 for consolidated operations due to change in cargo mix
bull 343 of total energy consumed was from renewable energy sources
27
109
26
7
128
92
2
1174
06
119
715
110
75
7
118
76
2
40
90
86
39
56
13
42
26
46
44
79
40
43
06
72
43
32
12
5868 57125341 5194
5648 5605
9166
80468333
85938944
8309
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
0
50000
100000
150000
200000
250000
300000
350000
400000
450000
500000
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Energy (GJ) Energy Intensity (GJMMT)
(YoY)
28
Emission Performance ndash 9M FY20
bull Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
bull Scope 1 amp Scope 2 emissions are considered for emission performance analysisbull Emission Intensity is for per MMT of cargo
bull GHG emission intensity for standalone has decreased by 3
bull Increased by 3 for consolidated operations due to change in cargo mix
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Industrial (dust suppression tank washing amp others ) and domestic water consumption details are considered for water performance analysisWater Intensity is for per MMT of cargo
bull Water Intensity has increased by 3 for standalone and 17 for consolidated operations due to change in cargo mix
bull 80 of water consumption is from sources other than fresh water (sea water waste water from other industries reuse of own treated wastewater)
29
24
0
22
7
23
8
26
4
23
0
24
2
80
5
75
7
974
1276
93
7
92
7
13
1011
11 12 11
18
15
19
24
19
18
0
5
10
15
20
25
30
0
200
400
600
800
1000
1200
1400
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Water Consumption (ML) Water Intensity (MLMMT)
(YoY)
30
Health amp Safety Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Overall Safety Performance (On Roll + Contractual + Third Party Associates)
bull There were two fatalities of contractors workers laborers during FY20 Detailed investigation of these incidents have been carried out and corrective actions across all the operational sites has been taken to prevent reoccurrence of such incidents
Work Related Injury (Fatality) High Consequence Work Related Injuries (LTI) Recordable Work Related Injuries (Fatality + LTI)
Number Rate
(YoY)
3131
1) SAKSHAM
Aims to make 3 lakh Indian youth skilled by 2022 ASDC has more than 30 centres across the
nation for facilitating skill development through various courses 5027 aspirants enrolled
under various ASDC courses and new projects
2) Udaan
Inspiration based plant visit for schools and college students at 3 port locations (Mundra
Dhamra and Hazira)
3) Swachhagraha
Inculcating Culture of Cleanliness in 3 port locations and covering 48 town cities across 17
states programme as a whole
4) SuPoshan
Curbing Malnutrition amp Anaemia with Community based approach at 5 port locations
Activities includes Anthropometric measurement process of children in age group 0-5 years
HB screening process undertaken by Sangini for the adolescents pregnant and lactating
mothers
Corporate Social Responsibility ndash Major Initiatives
31
3232
Corporate Social Responsibility ndash Adani Foundation
32
Adani Ports amp SEZ received lsquoHonorary Special MentionAwardrsquo at the National Corporate Social ResponsibilityAwards ceremony organized by the Ministry of CorporateAffairs in New Delhi APSEZ was recognized for lsquoCSR inChallenging Circumstancesrsquo in the western region andcreating sustainable impact on incomes and overall livingstandards of the fishermen community in Gujarat
After successful implementation in 17 schools of Mundra Project Utthan has been launched in 18 schools across Nakhatrana (Kutch) and Hazira (Surat) Under Utthan Adani Foundation has adopted Government Primary Schools in Kutch region with an aim to improve the quality of teaching learning with focus on the lsquoPriya Vidyarthirsquo (name given by the Government for students who are academically weak) Currently the project impacts 2411 students
3333
Corporate Social Responsibility ndash Adani Foundation
33
Adani Vidya Mandir Ahmedabad hosted a three-day awareness workshop on AccreditationStandard for Quality School Governance The workshop was organised by Quality Councilof India 18 Heads of Schools from Gujarat Maharashtra and Rajasthan attended theworkshop
bull The students of Adani Vidya Mandir Ahmedabad Dhruv Dave Kirtan Saraiyaand Bhavya Mehta from class 10 were the top scorers in the Aryabhatt GanitChallenge
bull Students of AVMA participated and won medals in the various athletic andgroup events such as Kho-Kho Kabaddi and Volleyball at the Inter-school sportscompetition conducted by Zydus School for Excellence Godhavi on December21
Adani Skill Development Centre has trained 50000 people for various skillsand generated 65 livelihood through 45 courses in 9 states in its 3frac12 years ofoperations Adani Foundation celebrated this significant milestone at aceremony organised at Adani Corporate House in Ahmedabad
Students from Adani Vidya Mandir Ahmedabad won medals at the CBSE Cluster XIIIAthletics Meet 2019 in Vadodara Gujarat Adani Public School Mundra bagged 2 Gold(Discus amp Javelin) 1 Silver (Shot Put) and 1 Bronze (Athletics) The winners will nowrepresent their schools at the CBSE Zonal Athletics Meet 2019
3434
Corporate Social Responsibility ndash Adani Foundation
34
bull Adani Foundation organised a Mini Marathon on the auspicious occasion of Gandhi Jayanti under Swachhagraha project 400 studentsparticipated in the Marathon
bull Adani Foundation got Award under ldquoPar Excellencerdquo category from Quality Circle Forum of India ndash National Case Study presentationcompetition Case Study Topic was ldquoMangroves Afforestation and Alternate Livelihoodrdquo
bull A team of 50 community volunteers formed a group named as lsquoAngel Armyrsquo They are trained on cancer detection The Angel Army visited 1000households in Kottappuram and Harbour wards Vizhinjam They identified 150 people suspected of having cancer Out of these 137 peopleattended the camp
HelpAge India felicitated Adani Foundation for its invaluablecontribution in providing basic healthcare facilities to seniorcitizens
Fortune SuPoshan celebrated the 2019 Global HandwashingDay across all its sites Fortune SuPoshan aims to curbmalnutrition and anemia among women and children
35
Annexures
35
Silos of Adani Agri Logistics
Adani Ports and SEZ Limited
Financial Results as per SEBI format
Port Wise Details Q3 FY20
Consolidated Financial Performance Q3 FY20
Segment Financials Q3 FY20
Cargo Break up
+
+
+
+
+
37
Cargo Comparison ndash APSEZ vs All India Ports ndash Q3 FY20
APSEZ Total Throughput All India Ports Total Cargo
All India Container Volume
5 Growth
6 Growth
-As per internal estimates Excluding non Adani and coastal LNG LPG Volume (Cargo in MMT)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Above financials are based on standalone Consolidated financials eliminates inter company transactionsOthers - includes Shanti Sagar International Dredging Australia Ops Aviation and UtilitiesTerminals - Include Tuna Goa Ennore and Vizag
Hazira - EBITDA higher due to 21 increase in liquid cargo
Dhamra ndashEBITDA margin of 9M FY19 is not comparable as pre-monsoon dredging cost of Rs42 cr is included in it normalized EBITDA margins was 55
Mundra - Revenue is lower due to lower SEZ amp Port Development revenue by Rs378 cr
Terminal- EBITDA Lower as Tuna operating expenses were higher due to maintenance dredging of Rs14 cr
bull Cash flow from operations after changes in working capital and investing activities to be in the range of Rs2000 cr to Rs2250 cr
Free Cash Flow
Does not include acquisition related cash flow
2525
26
Environment Social amp Governance (ESG)
MSCI ndash Morgan Stanley Capital InternationalDJSI ndash Dow Jones Sustainability Index
Update
bull DJSI invited APSEZ to participate in DJSIrsquos world enlarged and emerging market index
Focus Areas
bull Efficient use of water and energy from cleaner sources
bull Reduction of emission levels
bull Zero tolerance for fatalities at ports
Current ESG Rating
bull As per MSCI APSEZ is rated lsquoCCCrsquo we are engaging
with MSCI for revision
26
27
Energy Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysisFuel Grid and Renewable energy are considered for energy performance analysis
Energy Intensity is for per MMT of cargo
bull Energy Intensity for standalone decreased by 3 Increased by 1 for consolidated operations due to change in cargo mix
bull 343 of total energy consumed was from renewable energy sources
27
109
26
7
128
92
2
1174
06
119
715
110
75
7
118
76
2
40
90
86
39
56
13
42
26
46
44
79
40
43
06
72
43
32
12
5868 57125341 5194
5648 5605
9166
80468333
85938944
8309
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
0
50000
100000
150000
200000
250000
300000
350000
400000
450000
500000
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Energy (GJ) Energy Intensity (GJMMT)
(YoY)
28
Emission Performance ndash 9M FY20
bull Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
bull Scope 1 amp Scope 2 emissions are considered for emission performance analysisbull Emission Intensity is for per MMT of cargo
bull GHG emission intensity for standalone has decreased by 3
bull Increased by 3 for consolidated operations due to change in cargo mix
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Industrial (dust suppression tank washing amp others ) and domestic water consumption details are considered for water performance analysisWater Intensity is for per MMT of cargo
bull Water Intensity has increased by 3 for standalone and 17 for consolidated operations due to change in cargo mix
bull 80 of water consumption is from sources other than fresh water (sea water waste water from other industries reuse of own treated wastewater)
29
24
0
22
7
23
8
26
4
23
0
24
2
80
5
75
7
974
1276
93
7
92
7
13
1011
11 12 11
18
15
19
24
19
18
0
5
10
15
20
25
30
0
200
400
600
800
1000
1200
1400
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Water Consumption (ML) Water Intensity (MLMMT)
(YoY)
30
Health amp Safety Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Overall Safety Performance (On Roll + Contractual + Third Party Associates)
bull There were two fatalities of contractors workers laborers during FY20 Detailed investigation of these incidents have been carried out and corrective actions across all the operational sites has been taken to prevent reoccurrence of such incidents
Work Related Injury (Fatality) High Consequence Work Related Injuries (LTI) Recordable Work Related Injuries (Fatality + LTI)
Number Rate
(YoY)
3131
1) SAKSHAM
Aims to make 3 lakh Indian youth skilled by 2022 ASDC has more than 30 centres across the
nation for facilitating skill development through various courses 5027 aspirants enrolled
under various ASDC courses and new projects
2) Udaan
Inspiration based plant visit for schools and college students at 3 port locations (Mundra
Dhamra and Hazira)
3) Swachhagraha
Inculcating Culture of Cleanliness in 3 port locations and covering 48 town cities across 17
states programme as a whole
4) SuPoshan
Curbing Malnutrition amp Anaemia with Community based approach at 5 port locations
Activities includes Anthropometric measurement process of children in age group 0-5 years
HB screening process undertaken by Sangini for the adolescents pregnant and lactating
mothers
Corporate Social Responsibility ndash Major Initiatives
31
3232
Corporate Social Responsibility ndash Adani Foundation
32
Adani Ports amp SEZ received lsquoHonorary Special MentionAwardrsquo at the National Corporate Social ResponsibilityAwards ceremony organized by the Ministry of CorporateAffairs in New Delhi APSEZ was recognized for lsquoCSR inChallenging Circumstancesrsquo in the western region andcreating sustainable impact on incomes and overall livingstandards of the fishermen community in Gujarat
After successful implementation in 17 schools of Mundra Project Utthan has been launched in 18 schools across Nakhatrana (Kutch) and Hazira (Surat) Under Utthan Adani Foundation has adopted Government Primary Schools in Kutch region with an aim to improve the quality of teaching learning with focus on the lsquoPriya Vidyarthirsquo (name given by the Government for students who are academically weak) Currently the project impacts 2411 students
3333
Corporate Social Responsibility ndash Adani Foundation
33
Adani Vidya Mandir Ahmedabad hosted a three-day awareness workshop on AccreditationStandard for Quality School Governance The workshop was organised by Quality Councilof India 18 Heads of Schools from Gujarat Maharashtra and Rajasthan attended theworkshop
bull The students of Adani Vidya Mandir Ahmedabad Dhruv Dave Kirtan Saraiyaand Bhavya Mehta from class 10 were the top scorers in the Aryabhatt GanitChallenge
bull Students of AVMA participated and won medals in the various athletic andgroup events such as Kho-Kho Kabaddi and Volleyball at the Inter-school sportscompetition conducted by Zydus School for Excellence Godhavi on December21
Adani Skill Development Centre has trained 50000 people for various skillsand generated 65 livelihood through 45 courses in 9 states in its 3frac12 years ofoperations Adani Foundation celebrated this significant milestone at aceremony organised at Adani Corporate House in Ahmedabad
Students from Adani Vidya Mandir Ahmedabad won medals at the CBSE Cluster XIIIAthletics Meet 2019 in Vadodara Gujarat Adani Public School Mundra bagged 2 Gold(Discus amp Javelin) 1 Silver (Shot Put) and 1 Bronze (Athletics) The winners will nowrepresent their schools at the CBSE Zonal Athletics Meet 2019
3434
Corporate Social Responsibility ndash Adani Foundation
34
bull Adani Foundation organised a Mini Marathon on the auspicious occasion of Gandhi Jayanti under Swachhagraha project 400 studentsparticipated in the Marathon
bull Adani Foundation got Award under ldquoPar Excellencerdquo category from Quality Circle Forum of India ndash National Case Study presentationcompetition Case Study Topic was ldquoMangroves Afforestation and Alternate Livelihoodrdquo
bull A team of 50 community volunteers formed a group named as lsquoAngel Armyrsquo They are trained on cancer detection The Angel Army visited 1000households in Kottappuram and Harbour wards Vizhinjam They identified 150 people suspected of having cancer Out of these 137 peopleattended the camp
HelpAge India felicitated Adani Foundation for its invaluablecontribution in providing basic healthcare facilities to seniorcitizens
Fortune SuPoshan celebrated the 2019 Global HandwashingDay across all its sites Fortune SuPoshan aims to curbmalnutrition and anemia among women and children
35
Annexures
35
Silos of Adani Agri Logistics
Adani Ports and SEZ Limited
Financial Results as per SEBI format
Port Wise Details Q3 FY20
Consolidated Financial Performance Q3 FY20
Segment Financials Q3 FY20
Cargo Break up
+
+
+
+
+
37
Cargo Comparison ndash APSEZ vs All India Ports ndash Q3 FY20
APSEZ Total Throughput All India Ports Total Cargo
All India Container Volume
5 Growth
6 Growth
-As per internal estimates Excluding non Adani and coastal LNG LPG Volume (Cargo in MMT)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Above financials are based on standalone Consolidated financials eliminates inter company transactionsOthers - includes Shanti Sagar International Dredging Australia Ops Aviation and UtilitiesTerminals - Include Tuna Goa Ennore and Vizag
Hazira - EBITDA higher due to 21 increase in liquid cargo
Dhamra ndashEBITDA margin of 9M FY19 is not comparable as pre-monsoon dredging cost of Rs42 cr is included in it normalized EBITDA margins was 55
Mundra - Revenue is lower due to lower SEZ amp Port Development revenue by Rs378 cr
Terminal- EBITDA Lower as Tuna operating expenses were higher due to maintenance dredging of Rs14 cr
bull Cash flow from operations after changes in working capital and investing activities to be in the range of Rs2000 cr to Rs2250 cr
Free Cash Flow
Does not include acquisition related cash flow
2525
26
Environment Social amp Governance (ESG)
MSCI ndash Morgan Stanley Capital InternationalDJSI ndash Dow Jones Sustainability Index
Update
bull DJSI invited APSEZ to participate in DJSIrsquos world enlarged and emerging market index
Focus Areas
bull Efficient use of water and energy from cleaner sources
bull Reduction of emission levels
bull Zero tolerance for fatalities at ports
Current ESG Rating
bull As per MSCI APSEZ is rated lsquoCCCrsquo we are engaging
with MSCI for revision
26
27
Energy Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysisFuel Grid and Renewable energy are considered for energy performance analysis
Energy Intensity is for per MMT of cargo
bull Energy Intensity for standalone decreased by 3 Increased by 1 for consolidated operations due to change in cargo mix
bull 343 of total energy consumed was from renewable energy sources
27
109
26
7
128
92
2
1174
06
119
715
110
75
7
118
76
2
40
90
86
39
56
13
42
26
46
44
79
40
43
06
72
43
32
12
5868 57125341 5194
5648 5605
9166
80468333
85938944
8309
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
0
50000
100000
150000
200000
250000
300000
350000
400000
450000
500000
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Energy (GJ) Energy Intensity (GJMMT)
(YoY)
28
Emission Performance ndash 9M FY20
bull Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
bull Scope 1 amp Scope 2 emissions are considered for emission performance analysisbull Emission Intensity is for per MMT of cargo
bull GHG emission intensity for standalone has decreased by 3
bull Increased by 3 for consolidated operations due to change in cargo mix
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Industrial (dust suppression tank washing amp others ) and domestic water consumption details are considered for water performance analysisWater Intensity is for per MMT of cargo
bull Water Intensity has increased by 3 for standalone and 17 for consolidated operations due to change in cargo mix
bull 80 of water consumption is from sources other than fresh water (sea water waste water from other industries reuse of own treated wastewater)
29
24
0
22
7
23
8
26
4
23
0
24
2
80
5
75
7
974
1276
93
7
92
7
13
1011
11 12 11
18
15
19
24
19
18
0
5
10
15
20
25
30
0
200
400
600
800
1000
1200
1400
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Water Consumption (ML) Water Intensity (MLMMT)
(YoY)
30
Health amp Safety Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Overall Safety Performance (On Roll + Contractual + Third Party Associates)
bull There were two fatalities of contractors workers laborers during FY20 Detailed investigation of these incidents have been carried out and corrective actions across all the operational sites has been taken to prevent reoccurrence of such incidents
Work Related Injury (Fatality) High Consequence Work Related Injuries (LTI) Recordable Work Related Injuries (Fatality + LTI)
Number Rate
(YoY)
3131
1) SAKSHAM
Aims to make 3 lakh Indian youth skilled by 2022 ASDC has more than 30 centres across the
nation for facilitating skill development through various courses 5027 aspirants enrolled
under various ASDC courses and new projects
2) Udaan
Inspiration based plant visit for schools and college students at 3 port locations (Mundra
Dhamra and Hazira)
3) Swachhagraha
Inculcating Culture of Cleanliness in 3 port locations and covering 48 town cities across 17
states programme as a whole
4) SuPoshan
Curbing Malnutrition amp Anaemia with Community based approach at 5 port locations
Activities includes Anthropometric measurement process of children in age group 0-5 years
HB screening process undertaken by Sangini for the adolescents pregnant and lactating
mothers
Corporate Social Responsibility ndash Major Initiatives
31
3232
Corporate Social Responsibility ndash Adani Foundation
32
Adani Ports amp SEZ received lsquoHonorary Special MentionAwardrsquo at the National Corporate Social ResponsibilityAwards ceremony organized by the Ministry of CorporateAffairs in New Delhi APSEZ was recognized for lsquoCSR inChallenging Circumstancesrsquo in the western region andcreating sustainable impact on incomes and overall livingstandards of the fishermen community in Gujarat
After successful implementation in 17 schools of Mundra Project Utthan has been launched in 18 schools across Nakhatrana (Kutch) and Hazira (Surat) Under Utthan Adani Foundation has adopted Government Primary Schools in Kutch region with an aim to improve the quality of teaching learning with focus on the lsquoPriya Vidyarthirsquo (name given by the Government for students who are academically weak) Currently the project impacts 2411 students
3333
Corporate Social Responsibility ndash Adani Foundation
33
Adani Vidya Mandir Ahmedabad hosted a three-day awareness workshop on AccreditationStandard for Quality School Governance The workshop was organised by Quality Councilof India 18 Heads of Schools from Gujarat Maharashtra and Rajasthan attended theworkshop
bull The students of Adani Vidya Mandir Ahmedabad Dhruv Dave Kirtan Saraiyaand Bhavya Mehta from class 10 were the top scorers in the Aryabhatt GanitChallenge
bull Students of AVMA participated and won medals in the various athletic andgroup events such as Kho-Kho Kabaddi and Volleyball at the Inter-school sportscompetition conducted by Zydus School for Excellence Godhavi on December21
Adani Skill Development Centre has trained 50000 people for various skillsand generated 65 livelihood through 45 courses in 9 states in its 3frac12 years ofoperations Adani Foundation celebrated this significant milestone at aceremony organised at Adani Corporate House in Ahmedabad
Students from Adani Vidya Mandir Ahmedabad won medals at the CBSE Cluster XIIIAthletics Meet 2019 in Vadodara Gujarat Adani Public School Mundra bagged 2 Gold(Discus amp Javelin) 1 Silver (Shot Put) and 1 Bronze (Athletics) The winners will nowrepresent their schools at the CBSE Zonal Athletics Meet 2019
3434
Corporate Social Responsibility ndash Adani Foundation
34
bull Adani Foundation organised a Mini Marathon on the auspicious occasion of Gandhi Jayanti under Swachhagraha project 400 studentsparticipated in the Marathon
bull Adani Foundation got Award under ldquoPar Excellencerdquo category from Quality Circle Forum of India ndash National Case Study presentationcompetition Case Study Topic was ldquoMangroves Afforestation and Alternate Livelihoodrdquo
bull A team of 50 community volunteers formed a group named as lsquoAngel Armyrsquo They are trained on cancer detection The Angel Army visited 1000households in Kottappuram and Harbour wards Vizhinjam They identified 150 people suspected of having cancer Out of these 137 peopleattended the camp
HelpAge India felicitated Adani Foundation for its invaluablecontribution in providing basic healthcare facilities to seniorcitizens
Fortune SuPoshan celebrated the 2019 Global HandwashingDay across all its sites Fortune SuPoshan aims to curbmalnutrition and anemia among women and children
35
Annexures
35
Silos of Adani Agri Logistics
Adani Ports and SEZ Limited
Financial Results as per SEBI format
Port Wise Details Q3 FY20
Consolidated Financial Performance Q3 FY20
Segment Financials Q3 FY20
Cargo Break up
+
+
+
+
+
37
Cargo Comparison ndash APSEZ vs All India Ports ndash Q3 FY20
APSEZ Total Throughput All India Ports Total Cargo
All India Container Volume
5 Growth
6 Growth
-As per internal estimates Excluding non Adani and coastal LNG LPG Volume (Cargo in MMT)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Above financials are based on standalone Consolidated financials eliminates inter company transactionsOthers - includes Shanti Sagar International Dredging Australia Ops Aviation and UtilitiesTerminals - Include Tuna Goa Ennore and Vizag
Hazira - EBITDA higher due to 21 increase in liquid cargo
Dhamra ndashEBITDA margin of 9M FY19 is not comparable as pre-monsoon dredging cost of Rs42 cr is included in it normalized EBITDA margins was 55
Mundra - Revenue is lower due to lower SEZ amp Port Development revenue by Rs378 cr
Terminal- EBITDA Lower as Tuna operating expenses were higher due to maintenance dredging of Rs14 cr
bull Cash flow from operations after changes in working capital and investing activities to be in the range of Rs2000 cr to Rs2250 cr
Free Cash Flow
Does not include acquisition related cash flow
2525
26
Environment Social amp Governance (ESG)
MSCI ndash Morgan Stanley Capital InternationalDJSI ndash Dow Jones Sustainability Index
Update
bull DJSI invited APSEZ to participate in DJSIrsquos world enlarged and emerging market index
Focus Areas
bull Efficient use of water and energy from cleaner sources
bull Reduction of emission levels
bull Zero tolerance for fatalities at ports
Current ESG Rating
bull As per MSCI APSEZ is rated lsquoCCCrsquo we are engaging
with MSCI for revision
26
27
Energy Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysisFuel Grid and Renewable energy are considered for energy performance analysis
Energy Intensity is for per MMT of cargo
bull Energy Intensity for standalone decreased by 3 Increased by 1 for consolidated operations due to change in cargo mix
bull 343 of total energy consumed was from renewable energy sources
27
109
26
7
128
92
2
1174
06
119
715
110
75
7
118
76
2
40
90
86
39
56
13
42
26
46
44
79
40
43
06
72
43
32
12
5868 57125341 5194
5648 5605
9166
80468333
85938944
8309
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
0
50000
100000
150000
200000
250000
300000
350000
400000
450000
500000
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Energy (GJ) Energy Intensity (GJMMT)
(YoY)
28
Emission Performance ndash 9M FY20
bull Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
bull Scope 1 amp Scope 2 emissions are considered for emission performance analysisbull Emission Intensity is for per MMT of cargo
bull GHG emission intensity for standalone has decreased by 3
bull Increased by 3 for consolidated operations due to change in cargo mix
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Industrial (dust suppression tank washing amp others ) and domestic water consumption details are considered for water performance analysisWater Intensity is for per MMT of cargo
bull Water Intensity has increased by 3 for standalone and 17 for consolidated operations due to change in cargo mix
bull 80 of water consumption is from sources other than fresh water (sea water waste water from other industries reuse of own treated wastewater)
29
24
0
22
7
23
8
26
4
23
0
24
2
80
5
75
7
974
1276
93
7
92
7
13
1011
11 12 11
18
15
19
24
19
18
0
5
10
15
20
25
30
0
200
400
600
800
1000
1200
1400
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Water Consumption (ML) Water Intensity (MLMMT)
(YoY)
30
Health amp Safety Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Overall Safety Performance (On Roll + Contractual + Third Party Associates)
bull There were two fatalities of contractors workers laborers during FY20 Detailed investigation of these incidents have been carried out and corrective actions across all the operational sites has been taken to prevent reoccurrence of such incidents
Work Related Injury (Fatality) High Consequence Work Related Injuries (LTI) Recordable Work Related Injuries (Fatality + LTI)
Number Rate
(YoY)
3131
1) SAKSHAM
Aims to make 3 lakh Indian youth skilled by 2022 ASDC has more than 30 centres across the
nation for facilitating skill development through various courses 5027 aspirants enrolled
under various ASDC courses and new projects
2) Udaan
Inspiration based plant visit for schools and college students at 3 port locations (Mundra
Dhamra and Hazira)
3) Swachhagraha
Inculcating Culture of Cleanliness in 3 port locations and covering 48 town cities across 17
states programme as a whole
4) SuPoshan
Curbing Malnutrition amp Anaemia with Community based approach at 5 port locations
Activities includes Anthropometric measurement process of children in age group 0-5 years
HB screening process undertaken by Sangini for the adolescents pregnant and lactating
mothers
Corporate Social Responsibility ndash Major Initiatives
31
3232
Corporate Social Responsibility ndash Adani Foundation
32
Adani Ports amp SEZ received lsquoHonorary Special MentionAwardrsquo at the National Corporate Social ResponsibilityAwards ceremony organized by the Ministry of CorporateAffairs in New Delhi APSEZ was recognized for lsquoCSR inChallenging Circumstancesrsquo in the western region andcreating sustainable impact on incomes and overall livingstandards of the fishermen community in Gujarat
After successful implementation in 17 schools of Mundra Project Utthan has been launched in 18 schools across Nakhatrana (Kutch) and Hazira (Surat) Under Utthan Adani Foundation has adopted Government Primary Schools in Kutch region with an aim to improve the quality of teaching learning with focus on the lsquoPriya Vidyarthirsquo (name given by the Government for students who are academically weak) Currently the project impacts 2411 students
3333
Corporate Social Responsibility ndash Adani Foundation
33
Adani Vidya Mandir Ahmedabad hosted a three-day awareness workshop on AccreditationStandard for Quality School Governance The workshop was organised by Quality Councilof India 18 Heads of Schools from Gujarat Maharashtra and Rajasthan attended theworkshop
bull The students of Adani Vidya Mandir Ahmedabad Dhruv Dave Kirtan Saraiyaand Bhavya Mehta from class 10 were the top scorers in the Aryabhatt GanitChallenge
bull Students of AVMA participated and won medals in the various athletic andgroup events such as Kho-Kho Kabaddi and Volleyball at the Inter-school sportscompetition conducted by Zydus School for Excellence Godhavi on December21
Adani Skill Development Centre has trained 50000 people for various skillsand generated 65 livelihood through 45 courses in 9 states in its 3frac12 years ofoperations Adani Foundation celebrated this significant milestone at aceremony organised at Adani Corporate House in Ahmedabad
Students from Adani Vidya Mandir Ahmedabad won medals at the CBSE Cluster XIIIAthletics Meet 2019 in Vadodara Gujarat Adani Public School Mundra bagged 2 Gold(Discus amp Javelin) 1 Silver (Shot Put) and 1 Bronze (Athletics) The winners will nowrepresent their schools at the CBSE Zonal Athletics Meet 2019
3434
Corporate Social Responsibility ndash Adani Foundation
34
bull Adani Foundation organised a Mini Marathon on the auspicious occasion of Gandhi Jayanti under Swachhagraha project 400 studentsparticipated in the Marathon
bull Adani Foundation got Award under ldquoPar Excellencerdquo category from Quality Circle Forum of India ndash National Case Study presentationcompetition Case Study Topic was ldquoMangroves Afforestation and Alternate Livelihoodrdquo
bull A team of 50 community volunteers formed a group named as lsquoAngel Armyrsquo They are trained on cancer detection The Angel Army visited 1000households in Kottappuram and Harbour wards Vizhinjam They identified 150 people suspected of having cancer Out of these 137 peopleattended the camp
HelpAge India felicitated Adani Foundation for its invaluablecontribution in providing basic healthcare facilities to seniorcitizens
Fortune SuPoshan celebrated the 2019 Global HandwashingDay across all its sites Fortune SuPoshan aims to curbmalnutrition and anemia among women and children
35
Annexures
35
Silos of Adani Agri Logistics
Adani Ports and SEZ Limited
Financial Results as per SEBI format
Port Wise Details Q3 FY20
Consolidated Financial Performance Q3 FY20
Segment Financials Q3 FY20
Cargo Break up
+
+
+
+
+
37
Cargo Comparison ndash APSEZ vs All India Ports ndash Q3 FY20
APSEZ Total Throughput All India Ports Total Cargo
All India Container Volume
5 Growth
6 Growth
-As per internal estimates Excluding non Adani and coastal LNG LPG Volume (Cargo in MMT)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Above financials are based on standalone Consolidated financials eliminates inter company transactionsOthers - includes Shanti Sagar International Dredging Australia Ops Aviation and UtilitiesTerminals - Include Tuna Goa Ennore and Vizag
Hazira - EBITDA higher due to 21 increase in liquid cargo
Dhamra ndashEBITDA margin of 9M FY19 is not comparable as pre-monsoon dredging cost of Rs42 cr is included in it normalized EBITDA margins was 55
Mundra - Revenue is lower due to lower SEZ amp Port Development revenue by Rs378 cr
Terminal- EBITDA Lower as Tuna operating expenses were higher due to maintenance dredging of Rs14 cr
bull Cash flow from operations after changes in working capital and investing activities to be in the range of Rs2000 cr to Rs2250 cr
Free Cash Flow
Does not include acquisition related cash flow
2525
26
Environment Social amp Governance (ESG)
MSCI ndash Morgan Stanley Capital InternationalDJSI ndash Dow Jones Sustainability Index
Update
bull DJSI invited APSEZ to participate in DJSIrsquos world enlarged and emerging market index
Focus Areas
bull Efficient use of water and energy from cleaner sources
bull Reduction of emission levels
bull Zero tolerance for fatalities at ports
Current ESG Rating
bull As per MSCI APSEZ is rated lsquoCCCrsquo we are engaging
with MSCI for revision
26
27
Energy Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysisFuel Grid and Renewable energy are considered for energy performance analysis
Energy Intensity is for per MMT of cargo
bull Energy Intensity for standalone decreased by 3 Increased by 1 for consolidated operations due to change in cargo mix
bull 343 of total energy consumed was from renewable energy sources
27
109
26
7
128
92
2
1174
06
119
715
110
75
7
118
76
2
40
90
86
39
56
13
42
26
46
44
79
40
43
06
72
43
32
12
5868 57125341 5194
5648 5605
9166
80468333
85938944
8309
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
0
50000
100000
150000
200000
250000
300000
350000
400000
450000
500000
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Energy (GJ) Energy Intensity (GJMMT)
(YoY)
28
Emission Performance ndash 9M FY20
bull Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
bull Scope 1 amp Scope 2 emissions are considered for emission performance analysisbull Emission Intensity is for per MMT of cargo
bull GHG emission intensity for standalone has decreased by 3
bull Increased by 3 for consolidated operations due to change in cargo mix
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Industrial (dust suppression tank washing amp others ) and domestic water consumption details are considered for water performance analysisWater Intensity is for per MMT of cargo
bull Water Intensity has increased by 3 for standalone and 17 for consolidated operations due to change in cargo mix
bull 80 of water consumption is from sources other than fresh water (sea water waste water from other industries reuse of own treated wastewater)
29
24
0
22
7
23
8
26
4
23
0
24
2
80
5
75
7
974
1276
93
7
92
7
13
1011
11 12 11
18
15
19
24
19
18
0
5
10
15
20
25
30
0
200
400
600
800
1000
1200
1400
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Water Consumption (ML) Water Intensity (MLMMT)
(YoY)
30
Health amp Safety Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Overall Safety Performance (On Roll + Contractual + Third Party Associates)
bull There were two fatalities of contractors workers laborers during FY20 Detailed investigation of these incidents have been carried out and corrective actions across all the operational sites has been taken to prevent reoccurrence of such incidents
Work Related Injury (Fatality) High Consequence Work Related Injuries (LTI) Recordable Work Related Injuries (Fatality + LTI)
Number Rate
(YoY)
3131
1) SAKSHAM
Aims to make 3 lakh Indian youth skilled by 2022 ASDC has more than 30 centres across the
nation for facilitating skill development through various courses 5027 aspirants enrolled
under various ASDC courses and new projects
2) Udaan
Inspiration based plant visit for schools and college students at 3 port locations (Mundra
Dhamra and Hazira)
3) Swachhagraha
Inculcating Culture of Cleanliness in 3 port locations and covering 48 town cities across 17
states programme as a whole
4) SuPoshan
Curbing Malnutrition amp Anaemia with Community based approach at 5 port locations
Activities includes Anthropometric measurement process of children in age group 0-5 years
HB screening process undertaken by Sangini for the adolescents pregnant and lactating
mothers
Corporate Social Responsibility ndash Major Initiatives
31
3232
Corporate Social Responsibility ndash Adani Foundation
32
Adani Ports amp SEZ received lsquoHonorary Special MentionAwardrsquo at the National Corporate Social ResponsibilityAwards ceremony organized by the Ministry of CorporateAffairs in New Delhi APSEZ was recognized for lsquoCSR inChallenging Circumstancesrsquo in the western region andcreating sustainable impact on incomes and overall livingstandards of the fishermen community in Gujarat
After successful implementation in 17 schools of Mundra Project Utthan has been launched in 18 schools across Nakhatrana (Kutch) and Hazira (Surat) Under Utthan Adani Foundation has adopted Government Primary Schools in Kutch region with an aim to improve the quality of teaching learning with focus on the lsquoPriya Vidyarthirsquo (name given by the Government for students who are academically weak) Currently the project impacts 2411 students
3333
Corporate Social Responsibility ndash Adani Foundation
33
Adani Vidya Mandir Ahmedabad hosted a three-day awareness workshop on AccreditationStandard for Quality School Governance The workshop was organised by Quality Councilof India 18 Heads of Schools from Gujarat Maharashtra and Rajasthan attended theworkshop
bull The students of Adani Vidya Mandir Ahmedabad Dhruv Dave Kirtan Saraiyaand Bhavya Mehta from class 10 were the top scorers in the Aryabhatt GanitChallenge
bull Students of AVMA participated and won medals in the various athletic andgroup events such as Kho-Kho Kabaddi and Volleyball at the Inter-school sportscompetition conducted by Zydus School for Excellence Godhavi on December21
Adani Skill Development Centre has trained 50000 people for various skillsand generated 65 livelihood through 45 courses in 9 states in its 3frac12 years ofoperations Adani Foundation celebrated this significant milestone at aceremony organised at Adani Corporate House in Ahmedabad
Students from Adani Vidya Mandir Ahmedabad won medals at the CBSE Cluster XIIIAthletics Meet 2019 in Vadodara Gujarat Adani Public School Mundra bagged 2 Gold(Discus amp Javelin) 1 Silver (Shot Put) and 1 Bronze (Athletics) The winners will nowrepresent their schools at the CBSE Zonal Athletics Meet 2019
3434
Corporate Social Responsibility ndash Adani Foundation
34
bull Adani Foundation organised a Mini Marathon on the auspicious occasion of Gandhi Jayanti under Swachhagraha project 400 studentsparticipated in the Marathon
bull Adani Foundation got Award under ldquoPar Excellencerdquo category from Quality Circle Forum of India ndash National Case Study presentationcompetition Case Study Topic was ldquoMangroves Afforestation and Alternate Livelihoodrdquo
bull A team of 50 community volunteers formed a group named as lsquoAngel Armyrsquo They are trained on cancer detection The Angel Army visited 1000households in Kottappuram and Harbour wards Vizhinjam They identified 150 people suspected of having cancer Out of these 137 peopleattended the camp
HelpAge India felicitated Adani Foundation for its invaluablecontribution in providing basic healthcare facilities to seniorcitizens
Fortune SuPoshan celebrated the 2019 Global HandwashingDay across all its sites Fortune SuPoshan aims to curbmalnutrition and anemia among women and children
35
Annexures
35
Silos of Adani Agri Logistics
Adani Ports and SEZ Limited
Financial Results as per SEBI format
Port Wise Details Q3 FY20
Consolidated Financial Performance Q3 FY20
Segment Financials Q3 FY20
Cargo Break up
+
+
+
+
+
37
Cargo Comparison ndash APSEZ vs All India Ports ndash Q3 FY20
APSEZ Total Throughput All India Ports Total Cargo
All India Container Volume
5 Growth
6 Growth
-As per internal estimates Excluding non Adani and coastal LNG LPG Volume (Cargo in MMT)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Above financials are based on standalone Consolidated financials eliminates inter company transactionsOthers - includes Shanti Sagar International Dredging Australia Ops Aviation and UtilitiesTerminals - Include Tuna Goa Ennore and Vizag
Hazira - EBITDA higher due to 21 increase in liquid cargo
Dhamra ndashEBITDA margin of 9M FY19 is not comparable as pre-monsoon dredging cost of Rs42 cr is included in it normalized EBITDA margins was 55
Mundra - Revenue is lower due to lower SEZ amp Port Development revenue by Rs378 cr
Terminal- EBITDA Lower as Tuna operating expenses were higher due to maintenance dredging of Rs14 cr
bull Cash flow from operations after changes in working capital and investing activities to be in the range of Rs2000 cr to Rs2250 cr
Free Cash Flow
Does not include acquisition related cash flow
2525
26
Environment Social amp Governance (ESG)
MSCI ndash Morgan Stanley Capital InternationalDJSI ndash Dow Jones Sustainability Index
Update
bull DJSI invited APSEZ to participate in DJSIrsquos world enlarged and emerging market index
Focus Areas
bull Efficient use of water and energy from cleaner sources
bull Reduction of emission levels
bull Zero tolerance for fatalities at ports
Current ESG Rating
bull As per MSCI APSEZ is rated lsquoCCCrsquo we are engaging
with MSCI for revision
26
27
Energy Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysisFuel Grid and Renewable energy are considered for energy performance analysis
Energy Intensity is for per MMT of cargo
bull Energy Intensity for standalone decreased by 3 Increased by 1 for consolidated operations due to change in cargo mix
bull 343 of total energy consumed was from renewable energy sources
27
109
26
7
128
92
2
1174
06
119
715
110
75
7
118
76
2
40
90
86
39
56
13
42
26
46
44
79
40
43
06
72
43
32
12
5868 57125341 5194
5648 5605
9166
80468333
85938944
8309
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
0
50000
100000
150000
200000
250000
300000
350000
400000
450000
500000
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Energy (GJ) Energy Intensity (GJMMT)
(YoY)
28
Emission Performance ndash 9M FY20
bull Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
bull Scope 1 amp Scope 2 emissions are considered for emission performance analysisbull Emission Intensity is for per MMT of cargo
bull GHG emission intensity for standalone has decreased by 3
bull Increased by 3 for consolidated operations due to change in cargo mix
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Industrial (dust suppression tank washing amp others ) and domestic water consumption details are considered for water performance analysisWater Intensity is for per MMT of cargo
bull Water Intensity has increased by 3 for standalone and 17 for consolidated operations due to change in cargo mix
bull 80 of water consumption is from sources other than fresh water (sea water waste water from other industries reuse of own treated wastewater)
29
24
0
22
7
23
8
26
4
23
0
24
2
80
5
75
7
974
1276
93
7
92
7
13
1011
11 12 11
18
15
19
24
19
18
0
5
10
15
20
25
30
0
200
400
600
800
1000
1200
1400
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Water Consumption (ML) Water Intensity (MLMMT)
(YoY)
30
Health amp Safety Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Overall Safety Performance (On Roll + Contractual + Third Party Associates)
bull There were two fatalities of contractors workers laborers during FY20 Detailed investigation of these incidents have been carried out and corrective actions across all the operational sites has been taken to prevent reoccurrence of such incidents
Work Related Injury (Fatality) High Consequence Work Related Injuries (LTI) Recordable Work Related Injuries (Fatality + LTI)
Number Rate
(YoY)
3131
1) SAKSHAM
Aims to make 3 lakh Indian youth skilled by 2022 ASDC has more than 30 centres across the
nation for facilitating skill development through various courses 5027 aspirants enrolled
under various ASDC courses and new projects
2) Udaan
Inspiration based plant visit for schools and college students at 3 port locations (Mundra
Dhamra and Hazira)
3) Swachhagraha
Inculcating Culture of Cleanliness in 3 port locations and covering 48 town cities across 17
states programme as a whole
4) SuPoshan
Curbing Malnutrition amp Anaemia with Community based approach at 5 port locations
Activities includes Anthropometric measurement process of children in age group 0-5 years
HB screening process undertaken by Sangini for the adolescents pregnant and lactating
mothers
Corporate Social Responsibility ndash Major Initiatives
31
3232
Corporate Social Responsibility ndash Adani Foundation
32
Adani Ports amp SEZ received lsquoHonorary Special MentionAwardrsquo at the National Corporate Social ResponsibilityAwards ceremony organized by the Ministry of CorporateAffairs in New Delhi APSEZ was recognized for lsquoCSR inChallenging Circumstancesrsquo in the western region andcreating sustainable impact on incomes and overall livingstandards of the fishermen community in Gujarat
After successful implementation in 17 schools of Mundra Project Utthan has been launched in 18 schools across Nakhatrana (Kutch) and Hazira (Surat) Under Utthan Adani Foundation has adopted Government Primary Schools in Kutch region with an aim to improve the quality of teaching learning with focus on the lsquoPriya Vidyarthirsquo (name given by the Government for students who are academically weak) Currently the project impacts 2411 students
3333
Corporate Social Responsibility ndash Adani Foundation
33
Adani Vidya Mandir Ahmedabad hosted a three-day awareness workshop on AccreditationStandard for Quality School Governance The workshop was organised by Quality Councilof India 18 Heads of Schools from Gujarat Maharashtra and Rajasthan attended theworkshop
bull The students of Adani Vidya Mandir Ahmedabad Dhruv Dave Kirtan Saraiyaand Bhavya Mehta from class 10 were the top scorers in the Aryabhatt GanitChallenge
bull Students of AVMA participated and won medals in the various athletic andgroup events such as Kho-Kho Kabaddi and Volleyball at the Inter-school sportscompetition conducted by Zydus School for Excellence Godhavi on December21
Adani Skill Development Centre has trained 50000 people for various skillsand generated 65 livelihood through 45 courses in 9 states in its 3frac12 years ofoperations Adani Foundation celebrated this significant milestone at aceremony organised at Adani Corporate House in Ahmedabad
Students from Adani Vidya Mandir Ahmedabad won medals at the CBSE Cluster XIIIAthletics Meet 2019 in Vadodara Gujarat Adani Public School Mundra bagged 2 Gold(Discus amp Javelin) 1 Silver (Shot Put) and 1 Bronze (Athletics) The winners will nowrepresent their schools at the CBSE Zonal Athletics Meet 2019
3434
Corporate Social Responsibility ndash Adani Foundation
34
bull Adani Foundation organised a Mini Marathon on the auspicious occasion of Gandhi Jayanti under Swachhagraha project 400 studentsparticipated in the Marathon
bull Adani Foundation got Award under ldquoPar Excellencerdquo category from Quality Circle Forum of India ndash National Case Study presentationcompetition Case Study Topic was ldquoMangroves Afforestation and Alternate Livelihoodrdquo
bull A team of 50 community volunteers formed a group named as lsquoAngel Armyrsquo They are trained on cancer detection The Angel Army visited 1000households in Kottappuram and Harbour wards Vizhinjam They identified 150 people suspected of having cancer Out of these 137 peopleattended the camp
HelpAge India felicitated Adani Foundation for its invaluablecontribution in providing basic healthcare facilities to seniorcitizens
Fortune SuPoshan celebrated the 2019 Global HandwashingDay across all its sites Fortune SuPoshan aims to curbmalnutrition and anemia among women and children
35
Annexures
35
Silos of Adani Agri Logistics
Adani Ports and SEZ Limited
Financial Results as per SEBI format
Port Wise Details Q3 FY20
Consolidated Financial Performance Q3 FY20
Segment Financials Q3 FY20
Cargo Break up
+
+
+
+
+
37
Cargo Comparison ndash APSEZ vs All India Ports ndash Q3 FY20
APSEZ Total Throughput All India Ports Total Cargo
All India Container Volume
5 Growth
6 Growth
-As per internal estimates Excluding non Adani and coastal LNG LPG Volume (Cargo in MMT)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
bull Cash flow from operations after changes in working capital and investing activities to be in the range of Rs2000 cr to Rs2250 cr
Free Cash Flow
Does not include acquisition related cash flow
2525
26
Environment Social amp Governance (ESG)
MSCI ndash Morgan Stanley Capital InternationalDJSI ndash Dow Jones Sustainability Index
Update
bull DJSI invited APSEZ to participate in DJSIrsquos world enlarged and emerging market index
Focus Areas
bull Efficient use of water and energy from cleaner sources
bull Reduction of emission levels
bull Zero tolerance for fatalities at ports
Current ESG Rating
bull As per MSCI APSEZ is rated lsquoCCCrsquo we are engaging
with MSCI for revision
26
27
Energy Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysisFuel Grid and Renewable energy are considered for energy performance analysis
Energy Intensity is for per MMT of cargo
bull Energy Intensity for standalone decreased by 3 Increased by 1 for consolidated operations due to change in cargo mix
bull 343 of total energy consumed was from renewable energy sources
27
109
26
7
128
92
2
1174
06
119
715
110
75
7
118
76
2
40
90
86
39
56
13
42
26
46
44
79
40
43
06
72
43
32
12
5868 57125341 5194
5648 5605
9166
80468333
85938944
8309
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
0
50000
100000
150000
200000
250000
300000
350000
400000
450000
500000
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Energy (GJ) Energy Intensity (GJMMT)
(YoY)
28
Emission Performance ndash 9M FY20
bull Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
bull Scope 1 amp Scope 2 emissions are considered for emission performance analysisbull Emission Intensity is for per MMT of cargo
bull GHG emission intensity for standalone has decreased by 3
bull Increased by 3 for consolidated operations due to change in cargo mix
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Industrial (dust suppression tank washing amp others ) and domestic water consumption details are considered for water performance analysisWater Intensity is for per MMT of cargo
bull Water Intensity has increased by 3 for standalone and 17 for consolidated operations due to change in cargo mix
bull 80 of water consumption is from sources other than fresh water (sea water waste water from other industries reuse of own treated wastewater)
29
24
0
22
7
23
8
26
4
23
0
24
2
80
5
75
7
974
1276
93
7
92
7
13
1011
11 12 11
18
15
19
24
19
18
0
5
10
15
20
25
30
0
200
400
600
800
1000
1200
1400
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Water Consumption (ML) Water Intensity (MLMMT)
(YoY)
30
Health amp Safety Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Overall Safety Performance (On Roll + Contractual + Third Party Associates)
bull There were two fatalities of contractors workers laborers during FY20 Detailed investigation of these incidents have been carried out and corrective actions across all the operational sites has been taken to prevent reoccurrence of such incidents
Work Related Injury (Fatality) High Consequence Work Related Injuries (LTI) Recordable Work Related Injuries (Fatality + LTI)
Number Rate
(YoY)
3131
1) SAKSHAM
Aims to make 3 lakh Indian youth skilled by 2022 ASDC has more than 30 centres across the
nation for facilitating skill development through various courses 5027 aspirants enrolled
under various ASDC courses and new projects
2) Udaan
Inspiration based plant visit for schools and college students at 3 port locations (Mundra
Dhamra and Hazira)
3) Swachhagraha
Inculcating Culture of Cleanliness in 3 port locations and covering 48 town cities across 17
states programme as a whole
4) SuPoshan
Curbing Malnutrition amp Anaemia with Community based approach at 5 port locations
Activities includes Anthropometric measurement process of children in age group 0-5 years
HB screening process undertaken by Sangini for the adolescents pregnant and lactating
mothers
Corporate Social Responsibility ndash Major Initiatives
31
3232
Corporate Social Responsibility ndash Adani Foundation
32
Adani Ports amp SEZ received lsquoHonorary Special MentionAwardrsquo at the National Corporate Social ResponsibilityAwards ceremony organized by the Ministry of CorporateAffairs in New Delhi APSEZ was recognized for lsquoCSR inChallenging Circumstancesrsquo in the western region andcreating sustainable impact on incomes and overall livingstandards of the fishermen community in Gujarat
After successful implementation in 17 schools of Mundra Project Utthan has been launched in 18 schools across Nakhatrana (Kutch) and Hazira (Surat) Under Utthan Adani Foundation has adopted Government Primary Schools in Kutch region with an aim to improve the quality of teaching learning with focus on the lsquoPriya Vidyarthirsquo (name given by the Government for students who are academically weak) Currently the project impacts 2411 students
3333
Corporate Social Responsibility ndash Adani Foundation
33
Adani Vidya Mandir Ahmedabad hosted a three-day awareness workshop on AccreditationStandard for Quality School Governance The workshop was organised by Quality Councilof India 18 Heads of Schools from Gujarat Maharashtra and Rajasthan attended theworkshop
bull The students of Adani Vidya Mandir Ahmedabad Dhruv Dave Kirtan Saraiyaand Bhavya Mehta from class 10 were the top scorers in the Aryabhatt GanitChallenge
bull Students of AVMA participated and won medals in the various athletic andgroup events such as Kho-Kho Kabaddi and Volleyball at the Inter-school sportscompetition conducted by Zydus School for Excellence Godhavi on December21
Adani Skill Development Centre has trained 50000 people for various skillsand generated 65 livelihood through 45 courses in 9 states in its 3frac12 years ofoperations Adani Foundation celebrated this significant milestone at aceremony organised at Adani Corporate House in Ahmedabad
Students from Adani Vidya Mandir Ahmedabad won medals at the CBSE Cluster XIIIAthletics Meet 2019 in Vadodara Gujarat Adani Public School Mundra bagged 2 Gold(Discus amp Javelin) 1 Silver (Shot Put) and 1 Bronze (Athletics) The winners will nowrepresent their schools at the CBSE Zonal Athletics Meet 2019
3434
Corporate Social Responsibility ndash Adani Foundation
34
bull Adani Foundation organised a Mini Marathon on the auspicious occasion of Gandhi Jayanti under Swachhagraha project 400 studentsparticipated in the Marathon
bull Adani Foundation got Award under ldquoPar Excellencerdquo category from Quality Circle Forum of India ndash National Case Study presentationcompetition Case Study Topic was ldquoMangroves Afforestation and Alternate Livelihoodrdquo
bull A team of 50 community volunteers formed a group named as lsquoAngel Armyrsquo They are trained on cancer detection The Angel Army visited 1000households in Kottappuram and Harbour wards Vizhinjam They identified 150 people suspected of having cancer Out of these 137 peopleattended the camp
HelpAge India felicitated Adani Foundation for its invaluablecontribution in providing basic healthcare facilities to seniorcitizens
Fortune SuPoshan celebrated the 2019 Global HandwashingDay across all its sites Fortune SuPoshan aims to curbmalnutrition and anemia among women and children
35
Annexures
35
Silos of Adani Agri Logistics
Adani Ports and SEZ Limited
Financial Results as per SEBI format
Port Wise Details Q3 FY20
Consolidated Financial Performance Q3 FY20
Segment Financials Q3 FY20
Cargo Break up
+
+
+
+
+
37
Cargo Comparison ndash APSEZ vs All India Ports ndash Q3 FY20
APSEZ Total Throughput All India Ports Total Cargo
All India Container Volume
5 Growth
6 Growth
-As per internal estimates Excluding non Adani and coastal LNG LPG Volume (Cargo in MMT)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
bull Cash flow from operations after changes in working capital and investing activities to be in the range of Rs2000 cr to Rs2250 cr
Free Cash Flow
Does not include acquisition related cash flow
2525
26
Environment Social amp Governance (ESG)
MSCI ndash Morgan Stanley Capital InternationalDJSI ndash Dow Jones Sustainability Index
Update
bull DJSI invited APSEZ to participate in DJSIrsquos world enlarged and emerging market index
Focus Areas
bull Efficient use of water and energy from cleaner sources
bull Reduction of emission levels
bull Zero tolerance for fatalities at ports
Current ESG Rating
bull As per MSCI APSEZ is rated lsquoCCCrsquo we are engaging
with MSCI for revision
26
27
Energy Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysisFuel Grid and Renewable energy are considered for energy performance analysis
Energy Intensity is for per MMT of cargo
bull Energy Intensity for standalone decreased by 3 Increased by 1 for consolidated operations due to change in cargo mix
bull 343 of total energy consumed was from renewable energy sources
27
109
26
7
128
92
2
1174
06
119
715
110
75
7
118
76
2
40
90
86
39
56
13
42
26
46
44
79
40
43
06
72
43
32
12
5868 57125341 5194
5648 5605
9166
80468333
85938944
8309
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
0
50000
100000
150000
200000
250000
300000
350000
400000
450000
500000
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Energy (GJ) Energy Intensity (GJMMT)
(YoY)
28
Emission Performance ndash 9M FY20
bull Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
bull Scope 1 amp Scope 2 emissions are considered for emission performance analysisbull Emission Intensity is for per MMT of cargo
bull GHG emission intensity for standalone has decreased by 3
bull Increased by 3 for consolidated operations due to change in cargo mix
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Industrial (dust suppression tank washing amp others ) and domestic water consumption details are considered for water performance analysisWater Intensity is for per MMT of cargo
bull Water Intensity has increased by 3 for standalone and 17 for consolidated operations due to change in cargo mix
bull 80 of water consumption is from sources other than fresh water (sea water waste water from other industries reuse of own treated wastewater)
29
24
0
22
7
23
8
26
4
23
0
24
2
80
5
75
7
974
1276
93
7
92
7
13
1011
11 12 11
18
15
19
24
19
18
0
5
10
15
20
25
30
0
200
400
600
800
1000
1200
1400
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Water Consumption (ML) Water Intensity (MLMMT)
(YoY)
30
Health amp Safety Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Overall Safety Performance (On Roll + Contractual + Third Party Associates)
bull There were two fatalities of contractors workers laborers during FY20 Detailed investigation of these incidents have been carried out and corrective actions across all the operational sites has been taken to prevent reoccurrence of such incidents
Work Related Injury (Fatality) High Consequence Work Related Injuries (LTI) Recordable Work Related Injuries (Fatality + LTI)
Number Rate
(YoY)
3131
1) SAKSHAM
Aims to make 3 lakh Indian youth skilled by 2022 ASDC has more than 30 centres across the
nation for facilitating skill development through various courses 5027 aspirants enrolled
under various ASDC courses and new projects
2) Udaan
Inspiration based plant visit for schools and college students at 3 port locations (Mundra
Dhamra and Hazira)
3) Swachhagraha
Inculcating Culture of Cleanliness in 3 port locations and covering 48 town cities across 17
states programme as a whole
4) SuPoshan
Curbing Malnutrition amp Anaemia with Community based approach at 5 port locations
Activities includes Anthropometric measurement process of children in age group 0-5 years
HB screening process undertaken by Sangini for the adolescents pregnant and lactating
mothers
Corporate Social Responsibility ndash Major Initiatives
31
3232
Corporate Social Responsibility ndash Adani Foundation
32
Adani Ports amp SEZ received lsquoHonorary Special MentionAwardrsquo at the National Corporate Social ResponsibilityAwards ceremony organized by the Ministry of CorporateAffairs in New Delhi APSEZ was recognized for lsquoCSR inChallenging Circumstancesrsquo in the western region andcreating sustainable impact on incomes and overall livingstandards of the fishermen community in Gujarat
After successful implementation in 17 schools of Mundra Project Utthan has been launched in 18 schools across Nakhatrana (Kutch) and Hazira (Surat) Under Utthan Adani Foundation has adopted Government Primary Schools in Kutch region with an aim to improve the quality of teaching learning with focus on the lsquoPriya Vidyarthirsquo (name given by the Government for students who are academically weak) Currently the project impacts 2411 students
3333
Corporate Social Responsibility ndash Adani Foundation
33
Adani Vidya Mandir Ahmedabad hosted a three-day awareness workshop on AccreditationStandard for Quality School Governance The workshop was organised by Quality Councilof India 18 Heads of Schools from Gujarat Maharashtra and Rajasthan attended theworkshop
bull The students of Adani Vidya Mandir Ahmedabad Dhruv Dave Kirtan Saraiyaand Bhavya Mehta from class 10 were the top scorers in the Aryabhatt GanitChallenge
bull Students of AVMA participated and won medals in the various athletic andgroup events such as Kho-Kho Kabaddi and Volleyball at the Inter-school sportscompetition conducted by Zydus School for Excellence Godhavi on December21
Adani Skill Development Centre has trained 50000 people for various skillsand generated 65 livelihood through 45 courses in 9 states in its 3frac12 years ofoperations Adani Foundation celebrated this significant milestone at aceremony organised at Adani Corporate House in Ahmedabad
Students from Adani Vidya Mandir Ahmedabad won medals at the CBSE Cluster XIIIAthletics Meet 2019 in Vadodara Gujarat Adani Public School Mundra bagged 2 Gold(Discus amp Javelin) 1 Silver (Shot Put) and 1 Bronze (Athletics) The winners will nowrepresent their schools at the CBSE Zonal Athletics Meet 2019
3434
Corporate Social Responsibility ndash Adani Foundation
34
bull Adani Foundation organised a Mini Marathon on the auspicious occasion of Gandhi Jayanti under Swachhagraha project 400 studentsparticipated in the Marathon
bull Adani Foundation got Award under ldquoPar Excellencerdquo category from Quality Circle Forum of India ndash National Case Study presentationcompetition Case Study Topic was ldquoMangroves Afforestation and Alternate Livelihoodrdquo
bull A team of 50 community volunteers formed a group named as lsquoAngel Armyrsquo They are trained on cancer detection The Angel Army visited 1000households in Kottappuram and Harbour wards Vizhinjam They identified 150 people suspected of having cancer Out of these 137 peopleattended the camp
HelpAge India felicitated Adani Foundation for its invaluablecontribution in providing basic healthcare facilities to seniorcitizens
Fortune SuPoshan celebrated the 2019 Global HandwashingDay across all its sites Fortune SuPoshan aims to curbmalnutrition and anemia among women and children
35
Annexures
35
Silos of Adani Agri Logistics
Adani Ports and SEZ Limited
Financial Results as per SEBI format
Port Wise Details Q3 FY20
Consolidated Financial Performance Q3 FY20
Segment Financials Q3 FY20
Cargo Break up
+
+
+
+
+
37
Cargo Comparison ndash APSEZ vs All India Ports ndash Q3 FY20
APSEZ Total Throughput All India Ports Total Cargo
All India Container Volume
5 Growth
6 Growth
-As per internal estimates Excluding non Adani and coastal LNG LPG Volume (Cargo in MMT)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
MSCI ndash Morgan Stanley Capital InternationalDJSI ndash Dow Jones Sustainability Index
Update
bull DJSI invited APSEZ to participate in DJSIrsquos world enlarged and emerging market index
Focus Areas
bull Efficient use of water and energy from cleaner sources
bull Reduction of emission levels
bull Zero tolerance for fatalities at ports
Current ESG Rating
bull As per MSCI APSEZ is rated lsquoCCCrsquo we are engaging
with MSCI for revision
26
27
Energy Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysisFuel Grid and Renewable energy are considered for energy performance analysis
Energy Intensity is for per MMT of cargo
bull Energy Intensity for standalone decreased by 3 Increased by 1 for consolidated operations due to change in cargo mix
bull 343 of total energy consumed was from renewable energy sources
27
109
26
7
128
92
2
1174
06
119
715
110
75
7
118
76
2
40
90
86
39
56
13
42
26
46
44
79
40
43
06
72
43
32
12
5868 57125341 5194
5648 5605
9166
80468333
85938944
8309
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
0
50000
100000
150000
200000
250000
300000
350000
400000
450000
500000
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Energy (GJ) Energy Intensity (GJMMT)
(YoY)
28
Emission Performance ndash 9M FY20
bull Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
bull Scope 1 amp Scope 2 emissions are considered for emission performance analysisbull Emission Intensity is for per MMT of cargo
bull GHG emission intensity for standalone has decreased by 3
bull Increased by 3 for consolidated operations due to change in cargo mix
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Industrial (dust suppression tank washing amp others ) and domestic water consumption details are considered for water performance analysisWater Intensity is for per MMT of cargo
bull Water Intensity has increased by 3 for standalone and 17 for consolidated operations due to change in cargo mix
bull 80 of water consumption is from sources other than fresh water (sea water waste water from other industries reuse of own treated wastewater)
29
24
0
22
7
23
8
26
4
23
0
24
2
80
5
75
7
974
1276
93
7
92
7
13
1011
11 12 11
18
15
19
24
19
18
0
5
10
15
20
25
30
0
200
400
600
800
1000
1200
1400
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Water Consumption (ML) Water Intensity (MLMMT)
(YoY)
30
Health amp Safety Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Overall Safety Performance (On Roll + Contractual + Third Party Associates)
bull There were two fatalities of contractors workers laborers during FY20 Detailed investigation of these incidents have been carried out and corrective actions across all the operational sites has been taken to prevent reoccurrence of such incidents
Work Related Injury (Fatality) High Consequence Work Related Injuries (LTI) Recordable Work Related Injuries (Fatality + LTI)
Number Rate
(YoY)
3131
1) SAKSHAM
Aims to make 3 lakh Indian youth skilled by 2022 ASDC has more than 30 centres across the
nation for facilitating skill development through various courses 5027 aspirants enrolled
under various ASDC courses and new projects
2) Udaan
Inspiration based plant visit for schools and college students at 3 port locations (Mundra
Dhamra and Hazira)
3) Swachhagraha
Inculcating Culture of Cleanliness in 3 port locations and covering 48 town cities across 17
states programme as a whole
4) SuPoshan
Curbing Malnutrition amp Anaemia with Community based approach at 5 port locations
Activities includes Anthropometric measurement process of children in age group 0-5 years
HB screening process undertaken by Sangini for the adolescents pregnant and lactating
mothers
Corporate Social Responsibility ndash Major Initiatives
31
3232
Corporate Social Responsibility ndash Adani Foundation
32
Adani Ports amp SEZ received lsquoHonorary Special MentionAwardrsquo at the National Corporate Social ResponsibilityAwards ceremony organized by the Ministry of CorporateAffairs in New Delhi APSEZ was recognized for lsquoCSR inChallenging Circumstancesrsquo in the western region andcreating sustainable impact on incomes and overall livingstandards of the fishermen community in Gujarat
After successful implementation in 17 schools of Mundra Project Utthan has been launched in 18 schools across Nakhatrana (Kutch) and Hazira (Surat) Under Utthan Adani Foundation has adopted Government Primary Schools in Kutch region with an aim to improve the quality of teaching learning with focus on the lsquoPriya Vidyarthirsquo (name given by the Government for students who are academically weak) Currently the project impacts 2411 students
3333
Corporate Social Responsibility ndash Adani Foundation
33
Adani Vidya Mandir Ahmedabad hosted a three-day awareness workshop on AccreditationStandard for Quality School Governance The workshop was organised by Quality Councilof India 18 Heads of Schools from Gujarat Maharashtra and Rajasthan attended theworkshop
bull The students of Adani Vidya Mandir Ahmedabad Dhruv Dave Kirtan Saraiyaand Bhavya Mehta from class 10 were the top scorers in the Aryabhatt GanitChallenge
bull Students of AVMA participated and won medals in the various athletic andgroup events such as Kho-Kho Kabaddi and Volleyball at the Inter-school sportscompetition conducted by Zydus School for Excellence Godhavi on December21
Adani Skill Development Centre has trained 50000 people for various skillsand generated 65 livelihood through 45 courses in 9 states in its 3frac12 years ofoperations Adani Foundation celebrated this significant milestone at aceremony organised at Adani Corporate House in Ahmedabad
Students from Adani Vidya Mandir Ahmedabad won medals at the CBSE Cluster XIIIAthletics Meet 2019 in Vadodara Gujarat Adani Public School Mundra bagged 2 Gold(Discus amp Javelin) 1 Silver (Shot Put) and 1 Bronze (Athletics) The winners will nowrepresent their schools at the CBSE Zonal Athletics Meet 2019
3434
Corporate Social Responsibility ndash Adani Foundation
34
bull Adani Foundation organised a Mini Marathon on the auspicious occasion of Gandhi Jayanti under Swachhagraha project 400 studentsparticipated in the Marathon
bull Adani Foundation got Award under ldquoPar Excellencerdquo category from Quality Circle Forum of India ndash National Case Study presentationcompetition Case Study Topic was ldquoMangroves Afforestation and Alternate Livelihoodrdquo
bull A team of 50 community volunteers formed a group named as lsquoAngel Armyrsquo They are trained on cancer detection The Angel Army visited 1000households in Kottappuram and Harbour wards Vizhinjam They identified 150 people suspected of having cancer Out of these 137 peopleattended the camp
HelpAge India felicitated Adani Foundation for its invaluablecontribution in providing basic healthcare facilities to seniorcitizens
Fortune SuPoshan celebrated the 2019 Global HandwashingDay across all its sites Fortune SuPoshan aims to curbmalnutrition and anemia among women and children
35
Annexures
35
Silos of Adani Agri Logistics
Adani Ports and SEZ Limited
Financial Results as per SEBI format
Port Wise Details Q3 FY20
Consolidated Financial Performance Q3 FY20
Segment Financials Q3 FY20
Cargo Break up
+
+
+
+
+
37
Cargo Comparison ndash APSEZ vs All India Ports ndash Q3 FY20
APSEZ Total Throughput All India Ports Total Cargo
All India Container Volume
5 Growth
6 Growth
-As per internal estimates Excluding non Adani and coastal LNG LPG Volume (Cargo in MMT)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
MSCI ndash Morgan Stanley Capital InternationalDJSI ndash Dow Jones Sustainability Index
Update
bull DJSI invited APSEZ to participate in DJSIrsquos world enlarged and emerging market index
Focus Areas
bull Efficient use of water and energy from cleaner sources
bull Reduction of emission levels
bull Zero tolerance for fatalities at ports
Current ESG Rating
bull As per MSCI APSEZ is rated lsquoCCCrsquo we are engaging
with MSCI for revision
26
27
Energy Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysisFuel Grid and Renewable energy are considered for energy performance analysis
Energy Intensity is for per MMT of cargo
bull Energy Intensity for standalone decreased by 3 Increased by 1 for consolidated operations due to change in cargo mix
bull 343 of total energy consumed was from renewable energy sources
27
109
26
7
128
92
2
1174
06
119
715
110
75
7
118
76
2
40
90
86
39
56
13
42
26
46
44
79
40
43
06
72
43
32
12
5868 57125341 5194
5648 5605
9166
80468333
85938944
8309
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
0
50000
100000
150000
200000
250000
300000
350000
400000
450000
500000
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Energy (GJ) Energy Intensity (GJMMT)
(YoY)
28
Emission Performance ndash 9M FY20
bull Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
bull Scope 1 amp Scope 2 emissions are considered for emission performance analysisbull Emission Intensity is for per MMT of cargo
bull GHG emission intensity for standalone has decreased by 3
bull Increased by 3 for consolidated operations due to change in cargo mix
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Industrial (dust suppression tank washing amp others ) and domestic water consumption details are considered for water performance analysisWater Intensity is for per MMT of cargo
bull Water Intensity has increased by 3 for standalone and 17 for consolidated operations due to change in cargo mix
bull 80 of water consumption is from sources other than fresh water (sea water waste water from other industries reuse of own treated wastewater)
29
24
0
22
7
23
8
26
4
23
0
24
2
80
5
75
7
974
1276
93
7
92
7
13
1011
11 12 11
18
15
19
24
19
18
0
5
10
15
20
25
30
0
200
400
600
800
1000
1200
1400
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Water Consumption (ML) Water Intensity (MLMMT)
(YoY)
30
Health amp Safety Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Overall Safety Performance (On Roll + Contractual + Third Party Associates)
bull There were two fatalities of contractors workers laborers during FY20 Detailed investigation of these incidents have been carried out and corrective actions across all the operational sites has been taken to prevent reoccurrence of such incidents
Work Related Injury (Fatality) High Consequence Work Related Injuries (LTI) Recordable Work Related Injuries (Fatality + LTI)
Number Rate
(YoY)
3131
1) SAKSHAM
Aims to make 3 lakh Indian youth skilled by 2022 ASDC has more than 30 centres across the
nation for facilitating skill development through various courses 5027 aspirants enrolled
under various ASDC courses and new projects
2) Udaan
Inspiration based plant visit for schools and college students at 3 port locations (Mundra
Dhamra and Hazira)
3) Swachhagraha
Inculcating Culture of Cleanliness in 3 port locations and covering 48 town cities across 17
states programme as a whole
4) SuPoshan
Curbing Malnutrition amp Anaemia with Community based approach at 5 port locations
Activities includes Anthropometric measurement process of children in age group 0-5 years
HB screening process undertaken by Sangini for the adolescents pregnant and lactating
mothers
Corporate Social Responsibility ndash Major Initiatives
31
3232
Corporate Social Responsibility ndash Adani Foundation
32
Adani Ports amp SEZ received lsquoHonorary Special MentionAwardrsquo at the National Corporate Social ResponsibilityAwards ceremony organized by the Ministry of CorporateAffairs in New Delhi APSEZ was recognized for lsquoCSR inChallenging Circumstancesrsquo in the western region andcreating sustainable impact on incomes and overall livingstandards of the fishermen community in Gujarat
After successful implementation in 17 schools of Mundra Project Utthan has been launched in 18 schools across Nakhatrana (Kutch) and Hazira (Surat) Under Utthan Adani Foundation has adopted Government Primary Schools in Kutch region with an aim to improve the quality of teaching learning with focus on the lsquoPriya Vidyarthirsquo (name given by the Government for students who are academically weak) Currently the project impacts 2411 students
3333
Corporate Social Responsibility ndash Adani Foundation
33
Adani Vidya Mandir Ahmedabad hosted a three-day awareness workshop on AccreditationStandard for Quality School Governance The workshop was organised by Quality Councilof India 18 Heads of Schools from Gujarat Maharashtra and Rajasthan attended theworkshop
bull The students of Adani Vidya Mandir Ahmedabad Dhruv Dave Kirtan Saraiyaand Bhavya Mehta from class 10 were the top scorers in the Aryabhatt GanitChallenge
bull Students of AVMA participated and won medals in the various athletic andgroup events such as Kho-Kho Kabaddi and Volleyball at the Inter-school sportscompetition conducted by Zydus School for Excellence Godhavi on December21
Adani Skill Development Centre has trained 50000 people for various skillsand generated 65 livelihood through 45 courses in 9 states in its 3frac12 years ofoperations Adani Foundation celebrated this significant milestone at aceremony organised at Adani Corporate House in Ahmedabad
Students from Adani Vidya Mandir Ahmedabad won medals at the CBSE Cluster XIIIAthletics Meet 2019 in Vadodara Gujarat Adani Public School Mundra bagged 2 Gold(Discus amp Javelin) 1 Silver (Shot Put) and 1 Bronze (Athletics) The winners will nowrepresent their schools at the CBSE Zonal Athletics Meet 2019
3434
Corporate Social Responsibility ndash Adani Foundation
34
bull Adani Foundation organised a Mini Marathon on the auspicious occasion of Gandhi Jayanti under Swachhagraha project 400 studentsparticipated in the Marathon
bull Adani Foundation got Award under ldquoPar Excellencerdquo category from Quality Circle Forum of India ndash National Case Study presentationcompetition Case Study Topic was ldquoMangroves Afforestation and Alternate Livelihoodrdquo
bull A team of 50 community volunteers formed a group named as lsquoAngel Armyrsquo They are trained on cancer detection The Angel Army visited 1000households in Kottappuram and Harbour wards Vizhinjam They identified 150 people suspected of having cancer Out of these 137 peopleattended the camp
HelpAge India felicitated Adani Foundation for its invaluablecontribution in providing basic healthcare facilities to seniorcitizens
Fortune SuPoshan celebrated the 2019 Global HandwashingDay across all its sites Fortune SuPoshan aims to curbmalnutrition and anemia among women and children
35
Annexures
35
Silos of Adani Agri Logistics
Adani Ports and SEZ Limited
Financial Results as per SEBI format
Port Wise Details Q3 FY20
Consolidated Financial Performance Q3 FY20
Segment Financials Q3 FY20
Cargo Break up
+
+
+
+
+
37
Cargo Comparison ndash APSEZ vs All India Ports ndash Q3 FY20
APSEZ Total Throughput All India Ports Total Cargo
All India Container Volume
5 Growth
6 Growth
-As per internal estimates Excluding non Adani and coastal LNG LPG Volume (Cargo in MMT)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysisFuel Grid and Renewable energy are considered for energy performance analysis
Energy Intensity is for per MMT of cargo
bull Energy Intensity for standalone decreased by 3 Increased by 1 for consolidated operations due to change in cargo mix
bull 343 of total energy consumed was from renewable energy sources
27
109
26
7
128
92
2
1174
06
119
715
110
75
7
118
76
2
40
90
86
39
56
13
42
26
46
44
79
40
43
06
72
43
32
12
5868 57125341 5194
5648 5605
9166
80468333
85938944
8309
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
0
50000
100000
150000
200000
250000
300000
350000
400000
450000
500000
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Energy (GJ) Energy Intensity (GJMMT)
(YoY)
28
Emission Performance ndash 9M FY20
bull Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
bull Scope 1 amp Scope 2 emissions are considered for emission performance analysisbull Emission Intensity is for per MMT of cargo
bull GHG emission intensity for standalone has decreased by 3
bull Increased by 3 for consolidated operations due to change in cargo mix
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Industrial (dust suppression tank washing amp others ) and domestic water consumption details are considered for water performance analysisWater Intensity is for per MMT of cargo
bull Water Intensity has increased by 3 for standalone and 17 for consolidated operations due to change in cargo mix
bull 80 of water consumption is from sources other than fresh water (sea water waste water from other industries reuse of own treated wastewater)
29
24
0
22
7
23
8
26
4
23
0
24
2
80
5
75
7
974
1276
93
7
92
7
13
1011
11 12 11
18
15
19
24
19
18
0
5
10
15
20
25
30
0
200
400
600
800
1000
1200
1400
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Water Consumption (ML) Water Intensity (MLMMT)
(YoY)
30
Health amp Safety Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Overall Safety Performance (On Roll + Contractual + Third Party Associates)
bull There were two fatalities of contractors workers laborers during FY20 Detailed investigation of these incidents have been carried out and corrective actions across all the operational sites has been taken to prevent reoccurrence of such incidents
Work Related Injury (Fatality) High Consequence Work Related Injuries (LTI) Recordable Work Related Injuries (Fatality + LTI)
Number Rate
(YoY)
3131
1) SAKSHAM
Aims to make 3 lakh Indian youth skilled by 2022 ASDC has more than 30 centres across the
nation for facilitating skill development through various courses 5027 aspirants enrolled
under various ASDC courses and new projects
2) Udaan
Inspiration based plant visit for schools and college students at 3 port locations (Mundra
Dhamra and Hazira)
3) Swachhagraha
Inculcating Culture of Cleanliness in 3 port locations and covering 48 town cities across 17
states programme as a whole
4) SuPoshan
Curbing Malnutrition amp Anaemia with Community based approach at 5 port locations
Activities includes Anthropometric measurement process of children in age group 0-5 years
HB screening process undertaken by Sangini for the adolescents pregnant and lactating
mothers
Corporate Social Responsibility ndash Major Initiatives
31
3232
Corporate Social Responsibility ndash Adani Foundation
32
Adani Ports amp SEZ received lsquoHonorary Special MentionAwardrsquo at the National Corporate Social ResponsibilityAwards ceremony organized by the Ministry of CorporateAffairs in New Delhi APSEZ was recognized for lsquoCSR inChallenging Circumstancesrsquo in the western region andcreating sustainable impact on incomes and overall livingstandards of the fishermen community in Gujarat
After successful implementation in 17 schools of Mundra Project Utthan has been launched in 18 schools across Nakhatrana (Kutch) and Hazira (Surat) Under Utthan Adani Foundation has adopted Government Primary Schools in Kutch region with an aim to improve the quality of teaching learning with focus on the lsquoPriya Vidyarthirsquo (name given by the Government for students who are academically weak) Currently the project impacts 2411 students
3333
Corporate Social Responsibility ndash Adani Foundation
33
Adani Vidya Mandir Ahmedabad hosted a three-day awareness workshop on AccreditationStandard for Quality School Governance The workshop was organised by Quality Councilof India 18 Heads of Schools from Gujarat Maharashtra and Rajasthan attended theworkshop
bull The students of Adani Vidya Mandir Ahmedabad Dhruv Dave Kirtan Saraiyaand Bhavya Mehta from class 10 were the top scorers in the Aryabhatt GanitChallenge
bull Students of AVMA participated and won medals in the various athletic andgroup events such as Kho-Kho Kabaddi and Volleyball at the Inter-school sportscompetition conducted by Zydus School for Excellence Godhavi on December21
Adani Skill Development Centre has trained 50000 people for various skillsand generated 65 livelihood through 45 courses in 9 states in its 3frac12 years ofoperations Adani Foundation celebrated this significant milestone at aceremony organised at Adani Corporate House in Ahmedabad
Students from Adani Vidya Mandir Ahmedabad won medals at the CBSE Cluster XIIIAthletics Meet 2019 in Vadodara Gujarat Adani Public School Mundra bagged 2 Gold(Discus amp Javelin) 1 Silver (Shot Put) and 1 Bronze (Athletics) The winners will nowrepresent their schools at the CBSE Zonal Athletics Meet 2019
3434
Corporate Social Responsibility ndash Adani Foundation
34
bull Adani Foundation organised a Mini Marathon on the auspicious occasion of Gandhi Jayanti under Swachhagraha project 400 studentsparticipated in the Marathon
bull Adani Foundation got Award under ldquoPar Excellencerdquo category from Quality Circle Forum of India ndash National Case Study presentationcompetition Case Study Topic was ldquoMangroves Afforestation and Alternate Livelihoodrdquo
bull A team of 50 community volunteers formed a group named as lsquoAngel Armyrsquo They are trained on cancer detection The Angel Army visited 1000households in Kottappuram and Harbour wards Vizhinjam They identified 150 people suspected of having cancer Out of these 137 peopleattended the camp
HelpAge India felicitated Adani Foundation for its invaluablecontribution in providing basic healthcare facilities to seniorcitizens
Fortune SuPoshan celebrated the 2019 Global HandwashingDay across all its sites Fortune SuPoshan aims to curbmalnutrition and anemia among women and children
35
Annexures
35
Silos of Adani Agri Logistics
Adani Ports and SEZ Limited
Financial Results as per SEBI format
Port Wise Details Q3 FY20
Consolidated Financial Performance Q3 FY20
Segment Financials Q3 FY20
Cargo Break up
+
+
+
+
+
37
Cargo Comparison ndash APSEZ vs All India Ports ndash Q3 FY20
APSEZ Total Throughput All India Ports Total Cargo
All India Container Volume
5 Growth
6 Growth
-As per internal estimates Excluding non Adani and coastal LNG LPG Volume (Cargo in MMT)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Industrial (dust suppression tank washing amp others ) and domestic water consumption details are considered for water performance analysisWater Intensity is for per MMT of cargo
bull Water Intensity has increased by 3 for standalone and 17 for consolidated operations due to change in cargo mix
bull 80 of water consumption is from sources other than fresh water (sea water waste water from other industries reuse of own treated wastewater)
29
24
0
22
7
23
8
26
4
23
0
24
2
80
5
75
7
974
1276
93
7
92
7
13
1011
11 12 11
18
15
19
24
19
18
0
5
10
15
20
25
30
0
200
400
600
800
1000
1200
1400
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Water Consumption (ML) Water Intensity (MLMMT)
(YoY)
30
Health amp Safety Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Overall Safety Performance (On Roll + Contractual + Third Party Associates)
bull There were two fatalities of contractors workers laborers during FY20 Detailed investigation of these incidents have been carried out and corrective actions across all the operational sites has been taken to prevent reoccurrence of such incidents
Work Related Injury (Fatality) High Consequence Work Related Injuries (LTI) Recordable Work Related Injuries (Fatality + LTI)
Number Rate
(YoY)
3131
1) SAKSHAM
Aims to make 3 lakh Indian youth skilled by 2022 ASDC has more than 30 centres across the
nation for facilitating skill development through various courses 5027 aspirants enrolled
under various ASDC courses and new projects
2) Udaan
Inspiration based plant visit for schools and college students at 3 port locations (Mundra
Dhamra and Hazira)
3) Swachhagraha
Inculcating Culture of Cleanliness in 3 port locations and covering 48 town cities across 17
states programme as a whole
4) SuPoshan
Curbing Malnutrition amp Anaemia with Community based approach at 5 port locations
Activities includes Anthropometric measurement process of children in age group 0-5 years
HB screening process undertaken by Sangini for the adolescents pregnant and lactating
mothers
Corporate Social Responsibility ndash Major Initiatives
31
3232
Corporate Social Responsibility ndash Adani Foundation
32
Adani Ports amp SEZ received lsquoHonorary Special MentionAwardrsquo at the National Corporate Social ResponsibilityAwards ceremony organized by the Ministry of CorporateAffairs in New Delhi APSEZ was recognized for lsquoCSR inChallenging Circumstancesrsquo in the western region andcreating sustainable impact on incomes and overall livingstandards of the fishermen community in Gujarat
After successful implementation in 17 schools of Mundra Project Utthan has been launched in 18 schools across Nakhatrana (Kutch) and Hazira (Surat) Under Utthan Adani Foundation has adopted Government Primary Schools in Kutch region with an aim to improve the quality of teaching learning with focus on the lsquoPriya Vidyarthirsquo (name given by the Government for students who are academically weak) Currently the project impacts 2411 students
3333
Corporate Social Responsibility ndash Adani Foundation
33
Adani Vidya Mandir Ahmedabad hosted a three-day awareness workshop on AccreditationStandard for Quality School Governance The workshop was organised by Quality Councilof India 18 Heads of Schools from Gujarat Maharashtra and Rajasthan attended theworkshop
bull The students of Adani Vidya Mandir Ahmedabad Dhruv Dave Kirtan Saraiyaand Bhavya Mehta from class 10 were the top scorers in the Aryabhatt GanitChallenge
bull Students of AVMA participated and won medals in the various athletic andgroup events such as Kho-Kho Kabaddi and Volleyball at the Inter-school sportscompetition conducted by Zydus School for Excellence Godhavi on December21
Adani Skill Development Centre has trained 50000 people for various skillsand generated 65 livelihood through 45 courses in 9 states in its 3frac12 years ofoperations Adani Foundation celebrated this significant milestone at aceremony organised at Adani Corporate House in Ahmedabad
Students from Adani Vidya Mandir Ahmedabad won medals at the CBSE Cluster XIIIAthletics Meet 2019 in Vadodara Gujarat Adani Public School Mundra bagged 2 Gold(Discus amp Javelin) 1 Silver (Shot Put) and 1 Bronze (Athletics) The winners will nowrepresent their schools at the CBSE Zonal Athletics Meet 2019
3434
Corporate Social Responsibility ndash Adani Foundation
34
bull Adani Foundation organised a Mini Marathon on the auspicious occasion of Gandhi Jayanti under Swachhagraha project 400 studentsparticipated in the Marathon
bull Adani Foundation got Award under ldquoPar Excellencerdquo category from Quality Circle Forum of India ndash National Case Study presentationcompetition Case Study Topic was ldquoMangroves Afforestation and Alternate Livelihoodrdquo
bull A team of 50 community volunteers formed a group named as lsquoAngel Armyrsquo They are trained on cancer detection The Angel Army visited 1000households in Kottappuram and Harbour wards Vizhinjam They identified 150 people suspected of having cancer Out of these 137 peopleattended the camp
HelpAge India felicitated Adani Foundation for its invaluablecontribution in providing basic healthcare facilities to seniorcitizens
Fortune SuPoshan celebrated the 2019 Global HandwashingDay across all its sites Fortune SuPoshan aims to curbmalnutrition and anemia among women and children
35
Annexures
35
Silos of Adani Agri Logistics
Adani Ports and SEZ Limited
Financial Results as per SEBI format
Port Wise Details Q3 FY20
Consolidated Financial Performance Q3 FY20
Segment Financials Q3 FY20
Cargo Break up
+
+
+
+
+
37
Cargo Comparison ndash APSEZ vs All India Ports ndash Q3 FY20
APSEZ Total Throughput All India Ports Total Cargo
All India Container Volume
5 Growth
6 Growth
-As per internal estimates Excluding non Adani and coastal LNG LPG Volume (Cargo in MMT)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Industrial (dust suppression tank washing amp others ) and domestic water consumption details are considered for water performance analysisWater Intensity is for per MMT of cargo
bull Water Intensity has increased by 3 for standalone and 17 for consolidated operations due to change in cargo mix
bull 80 of water consumption is from sources other than fresh water (sea water waste water from other industries reuse of own treated wastewater)
29
24
0
22
7
23
8
26
4
23
0
24
2
80
5
75
7
974
1276
93
7
92
7
13
1011
11 12 11
18
15
19
24
19
18
0
5
10
15
20
25
30
0
200
400
600
800
1000
1200
1400
Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3
FY19 FY20 FY19 FY20
Standalone (APSEZ) Consolidated
Water Consumption (ML) Water Intensity (MLMMT)
(YoY)
30
Health amp Safety Performance ndash 9M FY20
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Overall Safety Performance (On Roll + Contractual + Third Party Associates)
bull There were two fatalities of contractors workers laborers during FY20 Detailed investigation of these incidents have been carried out and corrective actions across all the operational sites has been taken to prevent reoccurrence of such incidents
Work Related Injury (Fatality) High Consequence Work Related Injuries (LTI) Recordable Work Related Injuries (Fatality + LTI)
Number Rate
(YoY)
3131
1) SAKSHAM
Aims to make 3 lakh Indian youth skilled by 2022 ASDC has more than 30 centres across the
nation for facilitating skill development through various courses 5027 aspirants enrolled
under various ASDC courses and new projects
2) Udaan
Inspiration based plant visit for schools and college students at 3 port locations (Mundra
Dhamra and Hazira)
3) Swachhagraha
Inculcating Culture of Cleanliness in 3 port locations and covering 48 town cities across 17
states programme as a whole
4) SuPoshan
Curbing Malnutrition amp Anaemia with Community based approach at 5 port locations
Activities includes Anthropometric measurement process of children in age group 0-5 years
HB screening process undertaken by Sangini for the adolescents pregnant and lactating
mothers
Corporate Social Responsibility ndash Major Initiatives
31
3232
Corporate Social Responsibility ndash Adani Foundation
32
Adani Ports amp SEZ received lsquoHonorary Special MentionAwardrsquo at the National Corporate Social ResponsibilityAwards ceremony organized by the Ministry of CorporateAffairs in New Delhi APSEZ was recognized for lsquoCSR inChallenging Circumstancesrsquo in the western region andcreating sustainable impact on incomes and overall livingstandards of the fishermen community in Gujarat
After successful implementation in 17 schools of Mundra Project Utthan has been launched in 18 schools across Nakhatrana (Kutch) and Hazira (Surat) Under Utthan Adani Foundation has adopted Government Primary Schools in Kutch region with an aim to improve the quality of teaching learning with focus on the lsquoPriya Vidyarthirsquo (name given by the Government for students who are academically weak) Currently the project impacts 2411 students
3333
Corporate Social Responsibility ndash Adani Foundation
33
Adani Vidya Mandir Ahmedabad hosted a three-day awareness workshop on AccreditationStandard for Quality School Governance The workshop was organised by Quality Councilof India 18 Heads of Schools from Gujarat Maharashtra and Rajasthan attended theworkshop
bull The students of Adani Vidya Mandir Ahmedabad Dhruv Dave Kirtan Saraiyaand Bhavya Mehta from class 10 were the top scorers in the Aryabhatt GanitChallenge
bull Students of AVMA participated and won medals in the various athletic andgroup events such as Kho-Kho Kabaddi and Volleyball at the Inter-school sportscompetition conducted by Zydus School for Excellence Godhavi on December21
Adani Skill Development Centre has trained 50000 people for various skillsand generated 65 livelihood through 45 courses in 9 states in its 3frac12 years ofoperations Adani Foundation celebrated this significant milestone at aceremony organised at Adani Corporate House in Ahmedabad
Students from Adani Vidya Mandir Ahmedabad won medals at the CBSE Cluster XIIIAthletics Meet 2019 in Vadodara Gujarat Adani Public School Mundra bagged 2 Gold(Discus amp Javelin) 1 Silver (Shot Put) and 1 Bronze (Athletics) The winners will nowrepresent their schools at the CBSE Zonal Athletics Meet 2019
3434
Corporate Social Responsibility ndash Adani Foundation
34
bull Adani Foundation organised a Mini Marathon on the auspicious occasion of Gandhi Jayanti under Swachhagraha project 400 studentsparticipated in the Marathon
bull Adani Foundation got Award under ldquoPar Excellencerdquo category from Quality Circle Forum of India ndash National Case Study presentationcompetition Case Study Topic was ldquoMangroves Afforestation and Alternate Livelihoodrdquo
bull A team of 50 community volunteers formed a group named as lsquoAngel Armyrsquo They are trained on cancer detection The Angel Army visited 1000households in Kottappuram and Harbour wards Vizhinjam They identified 150 people suspected of having cancer Out of these 137 peopleattended the camp
HelpAge India felicitated Adani Foundation for its invaluablecontribution in providing basic healthcare facilities to seniorcitizens
Fortune SuPoshan celebrated the 2019 Global HandwashingDay across all its sites Fortune SuPoshan aims to curbmalnutrition and anemia among women and children
35
Annexures
35
Silos of Adani Agri Logistics
Adani Ports and SEZ Limited
Financial Results as per SEBI format
Port Wise Details Q3 FY20
Consolidated Financial Performance Q3 FY20
Segment Financials Q3 FY20
Cargo Break up
+
+
+
+
+
37
Cargo Comparison ndash APSEZ vs All India Ports ndash Q3 FY20
APSEZ Total Throughput All India Ports Total Cargo
All India Container Volume
5 Growth
6 Growth
-As per internal estimates Excluding non Adani and coastal LNG LPG Volume (Cargo in MMT)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Standalone APSEZ Mundra Consolidated Mundra ndash APSEZ 11 subsidiaries and 2 Joint Ventures | Cargo Cargo volume of Mundra International Container Terminal (MICT) excluded for performance analysis
Overall Safety Performance (On Roll + Contractual + Third Party Associates)
bull There were two fatalities of contractors workers laborers during FY20 Detailed investigation of these incidents have been carried out and corrective actions across all the operational sites has been taken to prevent reoccurrence of such incidents
Work Related Injury (Fatality) High Consequence Work Related Injuries (LTI) Recordable Work Related Injuries (Fatality + LTI)
Number Rate
(YoY)
3131
1) SAKSHAM
Aims to make 3 lakh Indian youth skilled by 2022 ASDC has more than 30 centres across the
nation for facilitating skill development through various courses 5027 aspirants enrolled
under various ASDC courses and new projects
2) Udaan
Inspiration based plant visit for schools and college students at 3 port locations (Mundra
Dhamra and Hazira)
3) Swachhagraha
Inculcating Culture of Cleanliness in 3 port locations and covering 48 town cities across 17
states programme as a whole
4) SuPoshan
Curbing Malnutrition amp Anaemia with Community based approach at 5 port locations
Activities includes Anthropometric measurement process of children in age group 0-5 years
HB screening process undertaken by Sangini for the adolescents pregnant and lactating
mothers
Corporate Social Responsibility ndash Major Initiatives
31
3232
Corporate Social Responsibility ndash Adani Foundation
32
Adani Ports amp SEZ received lsquoHonorary Special MentionAwardrsquo at the National Corporate Social ResponsibilityAwards ceremony organized by the Ministry of CorporateAffairs in New Delhi APSEZ was recognized for lsquoCSR inChallenging Circumstancesrsquo in the western region andcreating sustainable impact on incomes and overall livingstandards of the fishermen community in Gujarat
After successful implementation in 17 schools of Mundra Project Utthan has been launched in 18 schools across Nakhatrana (Kutch) and Hazira (Surat) Under Utthan Adani Foundation has adopted Government Primary Schools in Kutch region with an aim to improve the quality of teaching learning with focus on the lsquoPriya Vidyarthirsquo (name given by the Government for students who are academically weak) Currently the project impacts 2411 students
3333
Corporate Social Responsibility ndash Adani Foundation
33
Adani Vidya Mandir Ahmedabad hosted a three-day awareness workshop on AccreditationStandard for Quality School Governance The workshop was organised by Quality Councilof India 18 Heads of Schools from Gujarat Maharashtra and Rajasthan attended theworkshop
bull The students of Adani Vidya Mandir Ahmedabad Dhruv Dave Kirtan Saraiyaand Bhavya Mehta from class 10 were the top scorers in the Aryabhatt GanitChallenge
bull Students of AVMA participated and won medals in the various athletic andgroup events such as Kho-Kho Kabaddi and Volleyball at the Inter-school sportscompetition conducted by Zydus School for Excellence Godhavi on December21
Adani Skill Development Centre has trained 50000 people for various skillsand generated 65 livelihood through 45 courses in 9 states in its 3frac12 years ofoperations Adani Foundation celebrated this significant milestone at aceremony organised at Adani Corporate House in Ahmedabad
Students from Adani Vidya Mandir Ahmedabad won medals at the CBSE Cluster XIIIAthletics Meet 2019 in Vadodara Gujarat Adani Public School Mundra bagged 2 Gold(Discus amp Javelin) 1 Silver (Shot Put) and 1 Bronze (Athletics) The winners will nowrepresent their schools at the CBSE Zonal Athletics Meet 2019
3434
Corporate Social Responsibility ndash Adani Foundation
34
bull Adani Foundation organised a Mini Marathon on the auspicious occasion of Gandhi Jayanti under Swachhagraha project 400 studentsparticipated in the Marathon
bull Adani Foundation got Award under ldquoPar Excellencerdquo category from Quality Circle Forum of India ndash National Case Study presentationcompetition Case Study Topic was ldquoMangroves Afforestation and Alternate Livelihoodrdquo
bull A team of 50 community volunteers formed a group named as lsquoAngel Armyrsquo They are trained on cancer detection The Angel Army visited 1000households in Kottappuram and Harbour wards Vizhinjam They identified 150 people suspected of having cancer Out of these 137 peopleattended the camp
HelpAge India felicitated Adani Foundation for its invaluablecontribution in providing basic healthcare facilities to seniorcitizens
Fortune SuPoshan celebrated the 2019 Global HandwashingDay across all its sites Fortune SuPoshan aims to curbmalnutrition and anemia among women and children
35
Annexures
35
Silos of Adani Agri Logistics
Adani Ports and SEZ Limited
Financial Results as per SEBI format
Port Wise Details Q3 FY20
Consolidated Financial Performance Q3 FY20
Segment Financials Q3 FY20
Cargo Break up
+
+
+
+
+
37
Cargo Comparison ndash APSEZ vs All India Ports ndash Q3 FY20
APSEZ Total Throughput All India Ports Total Cargo
All India Container Volume
5 Growth
6 Growth
-As per internal estimates Excluding non Adani and coastal LNG LPG Volume (Cargo in MMT)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Aims to make 3 lakh Indian youth skilled by 2022 ASDC has more than 30 centres across the
nation for facilitating skill development through various courses 5027 aspirants enrolled
under various ASDC courses and new projects
2) Udaan
Inspiration based plant visit for schools and college students at 3 port locations (Mundra
Dhamra and Hazira)
3) Swachhagraha
Inculcating Culture of Cleanliness in 3 port locations and covering 48 town cities across 17
states programme as a whole
4) SuPoshan
Curbing Malnutrition amp Anaemia with Community based approach at 5 port locations
Activities includes Anthropometric measurement process of children in age group 0-5 years
HB screening process undertaken by Sangini for the adolescents pregnant and lactating
mothers
Corporate Social Responsibility ndash Major Initiatives
31
3232
Corporate Social Responsibility ndash Adani Foundation
32
Adani Ports amp SEZ received lsquoHonorary Special MentionAwardrsquo at the National Corporate Social ResponsibilityAwards ceremony organized by the Ministry of CorporateAffairs in New Delhi APSEZ was recognized for lsquoCSR inChallenging Circumstancesrsquo in the western region andcreating sustainable impact on incomes and overall livingstandards of the fishermen community in Gujarat
After successful implementation in 17 schools of Mundra Project Utthan has been launched in 18 schools across Nakhatrana (Kutch) and Hazira (Surat) Under Utthan Adani Foundation has adopted Government Primary Schools in Kutch region with an aim to improve the quality of teaching learning with focus on the lsquoPriya Vidyarthirsquo (name given by the Government for students who are academically weak) Currently the project impacts 2411 students
3333
Corporate Social Responsibility ndash Adani Foundation
33
Adani Vidya Mandir Ahmedabad hosted a three-day awareness workshop on AccreditationStandard for Quality School Governance The workshop was organised by Quality Councilof India 18 Heads of Schools from Gujarat Maharashtra and Rajasthan attended theworkshop
bull The students of Adani Vidya Mandir Ahmedabad Dhruv Dave Kirtan Saraiyaand Bhavya Mehta from class 10 were the top scorers in the Aryabhatt GanitChallenge
bull Students of AVMA participated and won medals in the various athletic andgroup events such as Kho-Kho Kabaddi and Volleyball at the Inter-school sportscompetition conducted by Zydus School for Excellence Godhavi on December21
Adani Skill Development Centre has trained 50000 people for various skillsand generated 65 livelihood through 45 courses in 9 states in its 3frac12 years ofoperations Adani Foundation celebrated this significant milestone at aceremony organised at Adani Corporate House in Ahmedabad
Students from Adani Vidya Mandir Ahmedabad won medals at the CBSE Cluster XIIIAthletics Meet 2019 in Vadodara Gujarat Adani Public School Mundra bagged 2 Gold(Discus amp Javelin) 1 Silver (Shot Put) and 1 Bronze (Athletics) The winners will nowrepresent their schools at the CBSE Zonal Athletics Meet 2019
3434
Corporate Social Responsibility ndash Adani Foundation
34
bull Adani Foundation organised a Mini Marathon on the auspicious occasion of Gandhi Jayanti under Swachhagraha project 400 studentsparticipated in the Marathon
bull Adani Foundation got Award under ldquoPar Excellencerdquo category from Quality Circle Forum of India ndash National Case Study presentationcompetition Case Study Topic was ldquoMangroves Afforestation and Alternate Livelihoodrdquo
bull A team of 50 community volunteers formed a group named as lsquoAngel Armyrsquo They are trained on cancer detection The Angel Army visited 1000households in Kottappuram and Harbour wards Vizhinjam They identified 150 people suspected of having cancer Out of these 137 peopleattended the camp
HelpAge India felicitated Adani Foundation for its invaluablecontribution in providing basic healthcare facilities to seniorcitizens
Fortune SuPoshan celebrated the 2019 Global HandwashingDay across all its sites Fortune SuPoshan aims to curbmalnutrition and anemia among women and children
35
Annexures
35
Silos of Adani Agri Logistics
Adani Ports and SEZ Limited
Financial Results as per SEBI format
Port Wise Details Q3 FY20
Consolidated Financial Performance Q3 FY20
Segment Financials Q3 FY20
Cargo Break up
+
+
+
+
+
37
Cargo Comparison ndash APSEZ vs All India Ports ndash Q3 FY20
APSEZ Total Throughput All India Ports Total Cargo
All India Container Volume
5 Growth
6 Growth
-As per internal estimates Excluding non Adani and coastal LNG LPG Volume (Cargo in MMT)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Corporate Social Responsibility ndash Adani Foundation
32
Adani Ports amp SEZ received lsquoHonorary Special MentionAwardrsquo at the National Corporate Social ResponsibilityAwards ceremony organized by the Ministry of CorporateAffairs in New Delhi APSEZ was recognized for lsquoCSR inChallenging Circumstancesrsquo in the western region andcreating sustainable impact on incomes and overall livingstandards of the fishermen community in Gujarat
After successful implementation in 17 schools of Mundra Project Utthan has been launched in 18 schools across Nakhatrana (Kutch) and Hazira (Surat) Under Utthan Adani Foundation has adopted Government Primary Schools in Kutch region with an aim to improve the quality of teaching learning with focus on the lsquoPriya Vidyarthirsquo (name given by the Government for students who are academically weak) Currently the project impacts 2411 students
3333
Corporate Social Responsibility ndash Adani Foundation
33
Adani Vidya Mandir Ahmedabad hosted a three-day awareness workshop on AccreditationStandard for Quality School Governance The workshop was organised by Quality Councilof India 18 Heads of Schools from Gujarat Maharashtra and Rajasthan attended theworkshop
bull The students of Adani Vidya Mandir Ahmedabad Dhruv Dave Kirtan Saraiyaand Bhavya Mehta from class 10 were the top scorers in the Aryabhatt GanitChallenge
bull Students of AVMA participated and won medals in the various athletic andgroup events such as Kho-Kho Kabaddi and Volleyball at the Inter-school sportscompetition conducted by Zydus School for Excellence Godhavi on December21
Adani Skill Development Centre has trained 50000 people for various skillsand generated 65 livelihood through 45 courses in 9 states in its 3frac12 years ofoperations Adani Foundation celebrated this significant milestone at aceremony organised at Adani Corporate House in Ahmedabad
Students from Adani Vidya Mandir Ahmedabad won medals at the CBSE Cluster XIIIAthletics Meet 2019 in Vadodara Gujarat Adani Public School Mundra bagged 2 Gold(Discus amp Javelin) 1 Silver (Shot Put) and 1 Bronze (Athletics) The winners will nowrepresent their schools at the CBSE Zonal Athletics Meet 2019
3434
Corporate Social Responsibility ndash Adani Foundation
34
bull Adani Foundation organised a Mini Marathon on the auspicious occasion of Gandhi Jayanti under Swachhagraha project 400 studentsparticipated in the Marathon
bull Adani Foundation got Award under ldquoPar Excellencerdquo category from Quality Circle Forum of India ndash National Case Study presentationcompetition Case Study Topic was ldquoMangroves Afforestation and Alternate Livelihoodrdquo
bull A team of 50 community volunteers formed a group named as lsquoAngel Armyrsquo They are trained on cancer detection The Angel Army visited 1000households in Kottappuram and Harbour wards Vizhinjam They identified 150 people suspected of having cancer Out of these 137 peopleattended the camp
HelpAge India felicitated Adani Foundation for its invaluablecontribution in providing basic healthcare facilities to seniorcitizens
Fortune SuPoshan celebrated the 2019 Global HandwashingDay across all its sites Fortune SuPoshan aims to curbmalnutrition and anemia among women and children
35
Annexures
35
Silos of Adani Agri Logistics
Adani Ports and SEZ Limited
Financial Results as per SEBI format
Port Wise Details Q3 FY20
Consolidated Financial Performance Q3 FY20
Segment Financials Q3 FY20
Cargo Break up
+
+
+
+
+
37
Cargo Comparison ndash APSEZ vs All India Ports ndash Q3 FY20
APSEZ Total Throughput All India Ports Total Cargo
All India Container Volume
5 Growth
6 Growth
-As per internal estimates Excluding non Adani and coastal LNG LPG Volume (Cargo in MMT)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Corporate Social Responsibility ndash Adani Foundation
33
Adani Vidya Mandir Ahmedabad hosted a three-day awareness workshop on AccreditationStandard for Quality School Governance The workshop was organised by Quality Councilof India 18 Heads of Schools from Gujarat Maharashtra and Rajasthan attended theworkshop
bull The students of Adani Vidya Mandir Ahmedabad Dhruv Dave Kirtan Saraiyaand Bhavya Mehta from class 10 were the top scorers in the Aryabhatt GanitChallenge
bull Students of AVMA participated and won medals in the various athletic andgroup events such as Kho-Kho Kabaddi and Volleyball at the Inter-school sportscompetition conducted by Zydus School for Excellence Godhavi on December21
Adani Skill Development Centre has trained 50000 people for various skillsand generated 65 livelihood through 45 courses in 9 states in its 3frac12 years ofoperations Adani Foundation celebrated this significant milestone at aceremony organised at Adani Corporate House in Ahmedabad
Students from Adani Vidya Mandir Ahmedabad won medals at the CBSE Cluster XIIIAthletics Meet 2019 in Vadodara Gujarat Adani Public School Mundra bagged 2 Gold(Discus amp Javelin) 1 Silver (Shot Put) and 1 Bronze (Athletics) The winners will nowrepresent their schools at the CBSE Zonal Athletics Meet 2019
3434
Corporate Social Responsibility ndash Adani Foundation
34
bull Adani Foundation organised a Mini Marathon on the auspicious occasion of Gandhi Jayanti under Swachhagraha project 400 studentsparticipated in the Marathon
bull Adani Foundation got Award under ldquoPar Excellencerdquo category from Quality Circle Forum of India ndash National Case Study presentationcompetition Case Study Topic was ldquoMangroves Afforestation and Alternate Livelihoodrdquo
bull A team of 50 community volunteers formed a group named as lsquoAngel Armyrsquo They are trained on cancer detection The Angel Army visited 1000households in Kottappuram and Harbour wards Vizhinjam They identified 150 people suspected of having cancer Out of these 137 peopleattended the camp
HelpAge India felicitated Adani Foundation for its invaluablecontribution in providing basic healthcare facilities to seniorcitizens
Fortune SuPoshan celebrated the 2019 Global HandwashingDay across all its sites Fortune SuPoshan aims to curbmalnutrition and anemia among women and children
35
Annexures
35
Silos of Adani Agri Logistics
Adani Ports and SEZ Limited
Financial Results as per SEBI format
Port Wise Details Q3 FY20
Consolidated Financial Performance Q3 FY20
Segment Financials Q3 FY20
Cargo Break up
+
+
+
+
+
37
Cargo Comparison ndash APSEZ vs All India Ports ndash Q3 FY20
APSEZ Total Throughput All India Ports Total Cargo
All India Container Volume
5 Growth
6 Growth
-As per internal estimates Excluding non Adani and coastal LNG LPG Volume (Cargo in MMT)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Corporate Social Responsibility ndash Adani Foundation
34
bull Adani Foundation organised a Mini Marathon on the auspicious occasion of Gandhi Jayanti under Swachhagraha project 400 studentsparticipated in the Marathon
bull Adani Foundation got Award under ldquoPar Excellencerdquo category from Quality Circle Forum of India ndash National Case Study presentationcompetition Case Study Topic was ldquoMangroves Afforestation and Alternate Livelihoodrdquo
bull A team of 50 community volunteers formed a group named as lsquoAngel Armyrsquo They are trained on cancer detection The Angel Army visited 1000households in Kottappuram and Harbour wards Vizhinjam They identified 150 people suspected of having cancer Out of these 137 peopleattended the camp
HelpAge India felicitated Adani Foundation for its invaluablecontribution in providing basic healthcare facilities to seniorcitizens
Fortune SuPoshan celebrated the 2019 Global HandwashingDay across all its sites Fortune SuPoshan aims to curbmalnutrition and anemia among women and children
35
Annexures
35
Silos of Adani Agri Logistics
Adani Ports and SEZ Limited
Financial Results as per SEBI format
Port Wise Details Q3 FY20
Consolidated Financial Performance Q3 FY20
Segment Financials Q3 FY20
Cargo Break up
+
+
+
+
+
37
Cargo Comparison ndash APSEZ vs All India Ports ndash Q3 FY20
APSEZ Total Throughput All India Ports Total Cargo
All India Container Volume
5 Growth
6 Growth
-As per internal estimates Excluding non Adani and coastal LNG LPG Volume (Cargo in MMT)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Out of Total Coal Volume 9M FY20 9M FY19 Growth Q3 FY20 Q3 FY19 Growth
Coal 796 657 21 257 209 23
Containers 140 035 300 038 035 8
Others 148 216 -31 054 091 -41
Total 1084 908 19 348 335 4
5656
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
Certain statements made in this presentation may not be based on historical information or facts and may be ldquoforward-looking statementsrdquo including those relating to generalbusiness plans and strategy of Adani Ports and Special Economic Zone Limited (ldquoAPSEZLrdquo)the future outlook and growth prospects and future developments of the businessand the competitive and regulatory environment and statements which contain words or phrases such as lsquowillrsquo lsquoexpected torsquo etc or similar expressions or variations of suchexpressions Actual results may differ materially from these forward-looking statements due to a number of factors including future changes or developments in their businesstheir competitive environment their ability to implement their strategies and initiatives and respond to technological changes and political economic regulatory and socialconditions 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 sellany shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of APSEZLs shares Neither this presentation nor anyother 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 oron behalf of APSEZL
APSEZL 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 accuracycompleteness or correctness of any information or opinions contained herein The information contained in this presentation unless otherwise specified is only current as ofthe date of this presentation APSEZL assumes no responsibility to publicly amend modify or revise any forward looking statements on the basis of any subsequentdevelopment information or events or otherwise Unless otherwise stated in this document the information contained herein is based on management information andestimates The information contained herein is subject to change without notice and past performance is not indicative of future results APSEZL may alter modify orotherwise 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 suchinformation or representation must not be relied upon as having been authorized by or on behalf of APSEZL
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 shouldform 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 oursecurities may be offered or sold in the United States without registration under the US Securities Act of 1933 as amended or pursuant to an exemption from registrationtherefrom
Investor Relations Team
Mr D Balasubramanyam Group Head - Investor Relations DBalasubramanyamadanicom (+91 79 2555 9332)
