Adani Group Ltd Final

8/8/2019 Adani Group Ltd Final

1/37

Business History of India

1

UNITEDWORLD

SCHOOL OF BUSINESS

SUBJECT: BUSINESS HISTORY OF INDIA

PROJECT: ADANI GROUP

SUBMITTED TO: PROF. VIJAY SHANKAR

GROUP MEMBERS:

RANA VIJAY PRATAP SINGH

NAKITA FERNANDES

BENCY FERNANDES

IDRIS BADRI

KRENZA DSILVA

NOORINDER SINGH


2/37


2

ADANI GROUP LTD

Group Profile

$GDQL*URXSIRXQGHGLQLVRQHRIWKHIDVWHVWJURZLQJEXVLQHVVKRXVHVLQ

,QGLD7KH$GDQL*URXSKDVLWVURRWVLQLWVIODJVKLSFRPSDQ\$GDQL(QWHUSULVHV

/WG IRUPHUO\NQRZQDV$GDQL([SRUWV/WGZKLFK KDV EHHQHVWDEOLVKHGE\

0U*DXWDP6$GDQLLQDVDSDUWQHUVKLSILUPZLWKDQLQLWLDOFDSLWDORI5V

ODFV 7KURXJK KLV HQWUHSUHQHXULDO YLVLRQ JOREDO DVSLUDWLRQV KDUG ZRUN

TXDOLW\ VWDQGDUGV DQG FXVWRPHU FHQWULF DSSURDFK 0U *DXWDP $GDQL KDV

WUDQVIRUPHGWKH*URXSLQRQHRILWVNLQGVZKLFKKDVFURVVHGWKHWRWDOUHYHQXH

RI,15ELOOLRQRQ0DUFK

Vision:

%H DQ HQWUHSUHQHXULDO JOREDOO\ SUHIHUUHG EXVLQHVV DVVRFLDWHZLWK UHVSRQVLEOH

FRQFHUQIRUHFRORJ\VRFLHW\DQGVWDNHKROGHUVYDOXH

Mission:


3/37


3

7RGHYHORSDVVLPLODWHDQGPDQDJHNQRZOHGJHWRDSSO\WKHDFTXLUHGDFURVV

WKHJOREHIRUEHQHILWRIVWDNHKROGHUVWRGRVRSURILWDELOLW\7KH*URXSKDV

JURZQ IURP EHLQJ D WUXVWHG WUDGLQJ KRXVH WR D GLYHUVLILHG FRQJORPHUDWH ,WV

EXVLQHVVFDQYDVVLQFOXGHV(GLEOH2LO/RJLVWLFV3RZHU*HQHUDWLRQ&RDO2LO

DQG*DV([SORUDWLRQ*DVGLVWULEXWLRQ5HDO (VWDWH3RUWV 6SHFLDO(FRQRPLF=RQHV DQG ,7 HQDEOHG VHUYLFHV ,WV JURZWK KDV EHHQ RUJDQLFZKLFK OHG WR D

V\QHUJ\ DPRQJ LWV EXVLQHVV XQLWV PDNLQJ WKHP PRUH SURGXFWLYH DQG

FRPSHWLWLYHWRJHWKHU7KHVWUHQJWKRIWKHJURXSOLHVLQ

y $ELOLW\WRLGHQWLI\DQGSURFXUHDZLGHUDQJHRISURGXFWVDQGFRPPRGLWLHVDFURVVERXQGDULHVDWFRPSHWLWLYHSULFHV

y )RFXVHG SROLFLHV DQG FRQWLQXRXV UHDOLJQPHQW ZLWK DQ HYHU HYROYLQJPDUNHW

y $QLPSHFFDEOHUHFRUGLQVFKHGXOHVDQGFRQVLVWHQF\RIVXSSOLHVZLWKRXWFRPSURPLVLQJRQTXDOLW\

y $KLJKO\PRWLYDWHG WUDLQHGDQG FRXUWHRXVZRUNV IRUFH WKDW EHOLHYHV LQOHDUQLQJE\GRLQJ

&RPSDQ\2YHUYLHZ

$GDQL*URXS$GDQLLVDFRQJORPHUDWHFRPSDQ\7KHFRPSDQ\LVHQJDJHGLQSURYLGLQJRLODQGJDVH[SORUDWLRQJDVGLVWULEXWLRQHGLEOHRLOORJLVWLFVSRZHUJHQHUDWLRQ FRDO UHDO HVWDWH SRUWV VSHFLDO HFRQRPLF ]RQHV DQG ,7 HQDEOHGVHUYLFHV,QWKH2LODQG*DVVHFWRUWKHFRPSDQ\LVLQYROYHGLQWKHEXVLQHVVRIH[SORUDWLRQDQGGHYHORSPHQWRIRLODQGJDVSURSHUWLHVDQG*DV'LVWULEXWLRQ,W


4/37


4

SURYLGHV3LSHG1DWXUDO*DV31*DQG&RPSUHVVHG1DWXUDO*DV&1*7KHFRPSDQ\ LV KHDGTXDUWHUHG DW $KPHGDEDG LQ *XMDUDW ,QGLD 7KH SULQFLSDOVXEVLGLDULHV RI $GDQL LQFOXGH $GDQL (QHUJ\ /WG $GDQL 3RZHU /WG $GDQL3RZHU0DKDUDVKWUD/WG$GDQL3RZHU5DMDVWKDQ/WG0XQGUD3RUWDQG6SHFLDO(FRQRPLF =RQH /LPLWHG $GDQL 3RZHU 'DKHM /WG $GDQL *OREDO 3WH /WG

6LQJDSRUH 37 $GDQL *OREDO ,QGRQHVLD 3DUVD .HQWH &ROOLHULHV /WG $GDQL0LQLQJ3YW/WG$GDQL/DQG'HYHORSHUV3YW/WG$GDQL'HYHORSHUV3YW/WGDQG6ZD\DP5HDOWRUVDQG7UDGHUV/WG

3URGXFWV6HUYLFHV

3URGXFWV

y 3RZHUy 3HWURSURGXFWVy 2LODQGJDVy (GLEOHRLOy 7H[WLOHSURGXFWVy $JURSURGXFWVy 0HWDOVy 0LQHUDOV

6HUYLFHV

y *DV'LVWULEXWLRQy &RQVWUXFWLRQy

Adani Enterprises at a Glance

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


5/37


5

SURGXFWSRUWIROLRZLWKH[SHUWLVH7KURXJKWLPHFRQVFLRXVGHOLYHU\TXDOLW\GULYHQSURFHVVV\VWHPVWRWDOUHOLDELOLW\DQGXQXVXDOOHYHOVRIFRPPLWPHQWWRFXVWRPHUVDWLVIDFWLRQ$(/KDVIRXQGJUHDWVXFFHVVLQPDUNHWSODFHVDURXQGWKHZRUOGDQGDURFNVROLGUHSXWDWLRQ,WKDVDFKLHYHGWKHFULWLFDOPDVVQHHGHGWRFDUU\RXWWKHVL]DEOHWUDQVDFWLRQVGHPDQGHGE\LWVJOREDOFOLHQWVZKLOHDWWKH

VDPHWLPHPDLQWDLQLQJWKHHQWUHSUHQHXULDOGULYHWKDWKDVJLYHQLWDQHGJHLQ$VLDDQG(XURSH)URPDVLQJOHFRPPRGLW\FRPSDQ\$(/WRGD\KDVHYROYHGLQWRDEUDQGUHSUHVHQWLQJDZLGHUDQJHRIFRPPRGLWLHVDQGVHUYLFHV7RIXUWKHUVWUHQJWKHQLWVSUHVHQFHLQWKHFRPPRGLW\ODQGVFDSHLWLVYHQWXULQJLQWRDVVHWEDFNHGFRPPRGLW\WUDGLQJWRKHOSLWGHULVNWKHFRPPRGLW\WUDGLQJSRUWIROLRDQGDYRLGWKHHYHULQFUHDVLQJSUHVVXUHRQWKHPDUJLQV2YHUWLPHWKHVWUDWHJLFIRUD\VLQWRQHZEXVLQHVVHVKDYHJDUQHUHGDVLJQLILFDQWVKDUHRIWKHVHHPHUJLQJKLJKJURZWKPDUNHWVLQ,QGLD7RGD\LWKDVDGLYHUVLILHGSUHVHQFHLQDEXVLQHVVVHFWRUVOLNH3RZHU*HQHUDWLRQ&RDO0LQLQJ2LO*DV([SORUDWLRQ&LW\*DV'LVWULEXWLRQ5HDO(VWDWH$JUR$GDQL(QWHUSULVHV/LPLWHGKDVHPHUJHGDV*OREDO7UDGHULQWKHHYHUFKDQJLQJHYROYLQJG\QDPLFHQYLURQPHQWZLWKDFOHDUIRFXVRQWKHFRUHJOREDOIDFLOLWDWLQJEXVLQHVVHVPDLQO\3RZHU*HQHUDWLRQ&RDO0LQLQJ2LO*DV([SORUDWLRQ&LW\*DV'LVWULEXWLRQ5HDO(VWDWH$JUR7KHFRPSDQ\KDVFKDONHGRXWFOHDUJURZWKSODQVLQDOOLWVEXVLQHVVXQLWVDQGLQWHQGVWRIXOO\OHYHUDJHLWVFDSDFLWLHVDQGWKHYDVWDYDLODEOHRSSRUWXQLWLHVRSHQHGXSIRUWKH,QGLDQFRPSDQLHV$(/VGLYHUVLILHGVWDWXVRULJLQDWHVIURPLWVFRUSRUDWHVWUDWHJ\DLPHGDWFUHDWLQJPXOWLSOHGULYHUVRIJURZWKDQFKRUHGRQLWVWLPHWHVWHGFRUHFRPSHWHQFLHVXQPDWFKHGGLVWULEXWLRQUHDFKVXSHULRUEUDQGEXLOGLQJFDSDELOLWLHVHIIHFWLYHVXSSO\FKDLQPDQDJHPHQWDQGDFNQRZOHGJHGVHUYLFHVNLOOV


6/37


6

History & Milestones

$(/KDV UHFHLYHGD/2,IRUWKH0DFFKDNDWWD&RDO%ORFNDQG/2$ IRU3DUVD

&RDO%ORFN)RRG JDLQ VLORV RI $GDQL $JULORJLVWLFV KDYH EHHQ RSHUDWLRQLVHG $(/ KDVIRUPHGDMRLQWYHQWXUHFRPSDQ\ZLWK&KHPRLO(QHUJ\/LPLWHGIRUH[SDQVLRQRILWV EXQNHULQJ EXVLQHVVRQSDQ ,QGLDEDVLV$:(/ KDV UHFHLYHGRQH RIIVKRUHEORFN LQ6XUDW 'HSUHVVLRQQHDU%RPED\ +LJK DQG DQRWKHU RIIVKRUH EORFN DW(J\SWLQDVVRFLDWLRQZLWK*63&

7KH FRPSDQ\ KDV VXFFHVVIXOO\ FRPSOHWHG IRUHLJQ FXUUHQF\ FRQYHUWLEOH ERQGLVVXH86'0LOOLRQIRULWVEXVLQHVVH[SDQVLRQSODQV

2UGHUVIRUWZR&DSHVL]HYHVVHOVSODFHGZLWKD.RUHDQ6KLS\DUG

%DVH 'HSRW FRQVWUXFWHG E\$GDQL $JUL /RJLVWLFV JRW FRPPLVVLRQHG RQ WK-XO\

$GDQL$JULIUHVKFRPPHQFHVEXVLQHVV

$(/FRPPLVVLRQVWZRIORDWLQJFUDQHEDUJH

:RUNRQVHWWLQJXSJUDLQVLORVXQGHU$GDQL$JUL/RJLVWLFVVWDUWHG

&RPPHQFHPHQWRIFRQVWUXFWLRQRI0:WKHUPDOSRZHUSURMHFWDW0XQGUD

7KH FRPSDQ\ KDV UHFHLYHG SUHVWLJLRXV UHRUJDQL]DWLRQ RI )LYH 6WDU ([SRUW+RXVHRQDFFRXQWRIYDOXDEOHFRQWULEXWLRQLQFRXQWU\VRYHUDOOH[SRUWV6DOHV


7/37


7

WXUQRYHUKDVFURVVHG5V&URUHVGXULQJ )


8/37


8

HQKDQFHG

7XUQRYHUFURVVHVWKHFRYHWHG5VFUOHYHODW5VFUVLQ

'HFODUHVDERQXVLQ1RYHPEHUSDLGXSFDSLWDOLQFUHDVHVWR5VFUV

+LWVWKHSULPDU\PDUNHWLQ6HSWHPEHUZLWKLWVLQLWLDOSXEOLFRIIHULQJ,32RIODFVHTXLW\VKDUHVRI5VHDFKDWDSUHPLXPRI5VSHUVKDUHDJJUHJDWLQJ 5V FUV IORDW RYHUVXEVFULEHG E\ PRUH WKDQ WLPHV$FFRUGHGWKHVWDWXVRI6XSHU6WDU7UDGLQJ+RXVHRQ$SULOE\WKH0LQLVWU\RI&RPPHUFH*RYHUQPHQWRI,QGLDWKH\RXQJHVWWUDGLQJKRXVHDQG

WKHRQO\RQHIURPWKH6WDWHRI*XMDUDWWRKDYHEHHQJUDQWHGWKLVVWDWXV7KH,QLWLDO


9/37


9

*URXS&KDLUPDQ'DWHRI%LUWKWK-XQH$SSRLQWHGRQVW'HFHPEHU'HVLJQDWLRQ([HFXWLYH&KDLUPDQ

([SHUWLVHLQVSHFLILFIXQFWLRQDODUHDV

*DXWDP6$GDQL LV WKH&RPSDQ\V([HFXWLYH&KDLUPDQDQG IRXQGHURI WKH$GDQL*URXS +H KDV FRPSOHWHG KLV HGXFDWLRQ XS WRPDWULFXODWLRQ +H KDVRYHU\HDUVRIYDULHGH[SHULHQFHLQEXVLQHVVDQGWUDGLQJZLWK$GDQL+HLVUHVSRQVLEOH IRU WKH &RPSDQ\V QHZ EXVLQHVV LQLWLDWLYHV DQG VWUDWHJLF SODQV

8QGHUKLVOHDGHUVKLS$GDQL*URXSKDVHPHUJHGDVDGLYHUVLILHGFRQJORPHUDWHZLWK LQWHUHVWV LQ LQWHUQDWLRQDO WUDGLQJ LQIUDVWUXFWXUH GHYHORSPHQW SRZHUJHQHUDWLRQ DQG GLVWULEXWLRQ GHYHORSPHQW RI VSHFLDO HFRQRPLF ]RQHV JDVGLVWULEXWLRQ WUDGLQJ DQG EXVLQHVV SURFHVV RXWVRXUFLQJ +H KDV EHHQLQVWUXPHQWDOLQWKHGLYHUVLILFDWLRQRIWKH$GDQL*URXSLQWRWKHSRZHUVHFWRU

Awards & Recognition

'XULQJWKH\HDUXQGHU UHYLHZ\RXUFRPSDQ\KDV EHHQFRQIHUUHGZLWK WKH'XQ %UDGVWUHHW 5ROWD &RUSRUDWH $ZDUG IRU DQ RXWVWDQGLQJ

SHUIRUPDQFHLQWUDGLQJ7KHVDLGDZDUGZDVFRQIHUUHGXSRQWKHFRPSDQ\DIWHUH[DPLQLQJ DQG HYDOXDWLQJ YDULRXV SDUDPHWHUV DQG SHUIRUPDQFH RI RYHU FRPSDQLHV

0U*DXWDP$GDQLDZDUGHGWKH([FHOOHQFHLQ0DQDJHPHQW$ZDUGE\&KLHI0LQLVWHURI*XMDUDW

$ZDUGHGDV)LYH6WDU([SRUW+RXVH

,&6,DZDUGIRU([FHOOHQFHLQ&RUSRUDWH*RYHUQDQFHDPRQJWKH7RS

&RPSDQLHV *&&,([SRUW$SSUHFLDWLRQ$ZDUG

WKLQ%6,QGLDV&RUSRUDWH*LDQWV

$ZDUGHGWKHVWDWXVRI*ROGHQ6XSHU6WDU7UDGLQJ+RXVH


10/37


10

623$$ZDUG

*ROG7URSK\657(3&DQG

),(2V1LU\DW6KUHH*ROG7URSK\DQG

0XQGUD 3RUW DQG6(=DZDUGHG 7KH3RUW $XWKRULW\$ZDUG IURP/OR\GV/LVWIRUWKHEHVWSRUWLQ0LGGOH(DVWDQG,QGLDQVXEFRQWLQHQW

$ZDUGHGWKHFRPSOLDQFHRI,QWHUQDWLRQDO&RGHIRUWKH6HFXULW\RI6KLSVDQGRI3RUW)DFLOLWLHV,636E\0LQLVWU\RI6KLSSLQJ*RYWRI,QGLD

&HUWLILFDWLRQRI,62

$FFUHGLWDWLRQ E\ $* 1LHOVHQ25*0DUJ )RUWXQH WKH /DUJHVW 6HOOLQJ

(GLEOH2LOEUDQGLQ,QGLDZLWKPDUNHWVKDUH0DUFK

Future growth

:HKDYHEHHQFRQWLQXRXVO\LGHQWLI\LQJQHZRSSRUWXQLWLHVE\WDNLQJFDOFXODWHGULVNV WR DFKLHYH IDVW JURZWK SHUVHYHULQJ WR DWWDLQ WKH YLVLRQ LQYHVWLQJ DQGEHOLHYLQJLQSHRSOHDQGDGDSWLQJWRWKHFKDQJLQJEXVLQHVVHQYLURQPHQW

2XU,QGLDWKH&KDQJLQJIDFH'XULQJWKH\HDUWKHUHKDVEHHQDGLSLQWKHJURZWKUDWHRI*'3IURPDQDYHUDJHRIRYHUSHUFHQWLQWKHSUHYLRXVILVFDO\HDUVWRSHUFHQW,WKDVDIIHFWHG WKH SDFH RI MRE FUHDWLRQ LQ FHUWDLQ VHFWRUV RI WKH HFRQRP\ DQG WKHLQYHVWPHQW VHQWLPHQWV RI WKH EXVLQHVV FRPPXQLW\ ,W KDV DOVR UHVXOWHG LQFRQVLGHUDEO\ORZHUUHYHQXHJURZWKIRUWKH*RYHUQPHQW$QRWKHUIHDWXUHRIWKH\HDUZDVDVKDUS ULVH LQWKHZKROHVDOHSULFH LQGH[ WRQHDUO\LQ


11/37


11

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


12/37


12

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

SURMHFWV$GDQL3RZHU/WGPDGHDQ,32RI5VFURUHVGXULQJ-XO\UHFHLYLQJ RYHUZKHOPLQJ UHVSRQVH IURP WKH LQYHVWRUV ZLWK WLPHVRYHUVXEVFULSWLRQ/DVW \HDU , RXWOLQHG \RXU &RPSDQ\V FOHDU OHDGHUVKLS LQ WKH EXVLQHVV RILPSRUWLQJDQGGLVWULEXWLQJ&RDOLQ,QGLD'XULQJ&RPSDQ\KDGRYHUJURZWKLQWKHTXDQWLW\RI&RDOWUDGHGDQGZHH[SHFWVXVWDLQDEOHJURZWKDV,QGLD LV GHSHQGHQW RQ LPSRUWV WR PHHW LWV ODUJH HQHUJ\ UHTXLUHPHQWV 2XULQWHJUDWHGPRGHORISURFXUHPHQWORJLVWLFVDQG&XVWRPHUVHUYLFLQJJLYHVXVDXQLTXH HGJH DQG PDUNHW VKDUH LQ WKLV DUHD

2QWKHEDFNGURSRIWKHKXJHGHPDQGRI,QGLDV(QHUJ\6HFWRUDQGWKHIDFWWKDW&RDO ZLOO UHPDLQ DV D SULPH IXHO VRXUFH WR GRPHVWLF HQHUJ\ PDUNHW \RXU&RPSDQ\IRUHVHHVLPPHQVHRSSRUWXQLW\LQWKHILHOGVRI&RDO0LQLQJDQGKDVVHYHUDO HDUO\ PRYHU LQLWLDWLYHV7KH 3DUVD (DVW DQG .HQWH %DVDQ &RDO %ORFNV PLQLQJ ZLWK 007 RI


13/37


13

0LQHDEOH &RDO UHVHUYHV XQGHU WKH -9 DUUDQJHPHQW LV SURJUHVVLQJVDWLVIDFWRULO\ ,W KDV FRPSOHWHG LPSRUWDQW PLOHVWRQHV UHODWHG WR SUHPLQLQJDFWLYLWLHV OLNHILUVWSKDVHRIGULOOLQJDQGH[SORUDWLRQSUHSDUDWLRQRI*HRORJLFDOUHSRUWSUHSDUDWLRQVXEPLVVLRQDSSURYDORIPLQLQJSODQIURP0LQLVWU\RI&RDO


14/37


14


15/37


15


16/37


16

LPSRUWHGFRDO$VWKHSRZHUGHPDQGVRDUVWKHLPSRUWDQFHRIFRDOLQFUHDVHVLQWKHRYHUDOO3RZHUYDOXHFKDLQ7RGD\$GDQL(QWHUSULVHVLV WKHODUJHVWSULYDWHVHFWRUFRDOLPSRUWHULQWR,QGLDDQGFRQWLQXHVWRLPSURYHLWVFRDOEXVLQHVVE\H[SDQGLQJ LWV VRXUFLQJ QHWZRUN FRVW HIIHFWLYH VKLSSLQJ DQG WLPHO\ GRRUGHOLYHU\VWUXFWXUHDWWKHSRZHUVWDWLRQV7KH&RPSDQ\KDVHQWHUHGLQWRORQJ

WHUPDUUDQJHPHQWIRUXQLQWHUUXSWHGVXSSO\RILPSRUWHGFRDOZLWKVRPHRIWKHELJJHVW VXSSOLHUV LQ ,QGRQHVLD &RDO GHPDQG LV H[SHFWHG WR LQFUHDVHVXEVWDQWLDOO\LQWKHFRPLQJ\HDUVZKLFKZLOOVWUHQJWKHQFRPSDQ\VSUHVHQFHLQWKLVVHJPHQW

3RZHU7UDGLQJ

7KHUHH[LVWVDODUJHJDSEHWZHHQVXSSO\DQGGHPDQGRISRZHULQODUJHSDUWVRIWKHFRXQWU\,QKHUHQWGLYHUVLW\LQGHPDQGRIYDULRXV6WDWHVLQ WKHFRXQWU\DOVRUHVXOWV LQSHULRGVRI VHDVRQDOVXUSOXV LQRQH6WDWH RU5HJLRQFRLQFLGLQJZLWK

SHULRGVRIGHILFLWLQDQRWKHU7RFDSLWDOL]HRQWKLVJURZLQJRSSRUWXQLW\VHFWRU$(/ KDV VHW XS SRZHU WUDGLQJ GLYLVLRQ LQ 6HSWHPEHU DQG REWDLQHGOLFHQVHIURP&HQWUDO(OHFWULFLW\5HJXODWRU\&RPPLVVLRQ&(5&LQ1RYDQGVLQFHWKHQWKLVGLYLVLRQKDVDOUHDG\WUDGHGPRUHWKDQ%LOOLRQ8QLWVRISRZHUWLOO0DUFKWRWKHHQWLUHVDWLVIDFWLRQRIVXUSOXVEX\LQJXWLOLWLHVRISRZHU7KLVGLYLVLRQKDVWDUJHWHGWRLQFUHDVHLWVWUDGLQJYROXPHWR0LOOLRQ8QLWVSHUDQQXPRYHUQH[WILYH\HDUV

$(/KDVEHHQDZDUGHGKLJKHVWFDWHJRU\&DWHJRU\,OLFHQVHIRUWUDGLQJLQSRZHUE\WKH&HQWUDO(OHFWULFLW\5HJXODWRU\&RPPLVVLRQ&(5&LQ

ZKHUHLQWKHFRPSDQ\FDQXQGHUWDNHWUDGLQJRIPRUHWKDQ0LOOLRQ8QLWVRI HOHFWULFLW\ GXULQJ WKH \HDU ZLWK WUDQVPLVVLRQ SULRULW\ RQ QDWLRQDO JULGFRYHULQJWKHMXULVGLFWLRQRIWKHHQWLUHFRXQWU\IRUQH[W\HDUV

3RZHU*HQHUDWLRQ

$GDQL*URXSD86ELOOLRQFRPSDQ\EDVHGLQ$KPHGDEDGLVRQHRIWKHIDVW JURZLQJ %XVLQHVV +RXVH RI WKH FRXQWU\ ZLWK GLYHUVH LQWHUHVW LQ JOREDOWUDGLQJ GHYHORSPHQWDQG RSHUDWLRQ RI3RUWV ,'& WHUPLQDO HVWDEOLVKPHQW RI6(= 2LO UHILQLQJ ORJLVWLFV JDV GLVWULEXWLRQ 3RZHU *HQHUDWLRQ 3RZHU7UDQVPLVVLRQDQG3RZHU7UDGLQJHWF


17/37


17

$GDQL3RZHU/LPLWHGDVXEVLGLDU\RI$GDQL(QWHUSULVHV/LPLWHGLVGHYHORSLQJQXPEHURISRZHUSURMHFWVDORQJZLWKLWVGHGLFDWHGWUDQVPLVVLRQVWDWLRQV\VWHP3UHVHQWO\$GDQL3RZHU/LPLWHGLVVHWWLQJXSD0:0XQGUD7KHUPDO3RZHU6WDWLRQLQIROORZLQJVWDJHV6WDJH0:

6WDJH0:6WDJH0:6WDJH0:

$3/LVSUHVHQWO\H[HFXWLQJ.9'&WUDQVPLVVLRQOLQHRIDERXW.0

GLVWDQFHIURP0XQGUDWR'HKJDP

$3/LVDOVRH[HFXWLQJr.9%L3ROH+9'&WUDQVPLVVLRQOLQHRIDERXW

.0GLVWDQFHIURP0XQGUDWR+DU\DQDIRUWUDQVPLWWLQJ0:

$GDQL3RZHU0DKDUDVKWUD/LPLWHG$30/DVXEVLGLDU\RI$GDQL

3RZHU/LPLWHGLVLPSOHPHQWLQJ0:7KHUPDO3RZHU6WDWLRQLQIROORZLQJ

VWDJHV

6WDJH0:

6WDJH0:


18/37


18

&RDO0LQLQJ2SHUDWLRQV

,QGLDLVZRUOGVIRXUWKODUJHVWSURGXFHURIFRDODFFRXQWLQJIRUDURXQGRIJOREDOFRDOSURGXFWLRQ&RDOLVWKHPRVWLPSRUWDQWVRXUFHRIHQHUJ\IRUWKHFRXQWU\DFFRXQWLQJIRUPRUHWKDQKDOIRIWKHSULPDU\HQHUJ\PL[RIWKHFRXQWU\,QGLDV3ULPDU\(QHUJ\0L[

$VRI$SULO,QGLDVWRWDOFRDO5HVHUYHV5HVRXUFHVVWRRGDWELOOLRQWRQQHV&RXQWU\VWRWDOSURYHGUHVHUYHVRIELOOLRQWRQQHVRIFRDODUHILIWKODUJHVWLQWKHZRUOG-KDUNKDQG2ULVVD-KDUNKDQGDQG:HVW%HQJDOKDYH DOPRVW RI ,QGLDQ FRDO 55'LVWULEXWLRQRI&RDO55


19/37


19

Source: Ministry of Coal

3ODQQLQJFRPPLVVLRQH[SHFWVGRPHVWLFGHPDQGIRUFRDOWRUHDFKPLOOLRQWRQQHVE\,WDOVRLQGLFDWHGWKDWWKHFRXQWU\VSURGXFWLRQFDSDFLW\E\

ZLOOEHDURXQGPLOOLRQWRQVSHU\HDU&RDO,QGLDLWVHOIZLOOQRWEHDEOHWR

IXOILOO WKH HQKDQFHG FRDO UHTXLUHPHQW RI WKH FRXQWU\ DQG D ORW RI SULYDWH

SDUWLFLSDWLRQLVQHHGHGLQWKLVVHFWRU

&RDOPLQLQJRSHUDWLRQV

2XUFRDOPLQLQJEXVLQHVVLQYROYHVWKHPLQLQJSURFHVVLQJDQGWKHDFTXLVLWLRQ

H[SORUDWLRQDQGGHYHORSPHQWRIPLQLQJDVVHWV

,QGLDQPLQLQJRSHUDWLRQV

55981/KDVEHHQDOORFDWHGWKH3DUVD(DVWDQG.DQWH%DVDQFRDOEORFNVDW

&KKDWWLVJDUK 7KHPLQHVKDYH HVWLPDWHGFRDO UHVHUYHV RIDSSUR[LPDWHO\

007 $(/ KDV HQWHUHG LQWR D MRLQW YHQWXUH DJUHHPHQW ZLWK 55981/ DQG

IRUPHGDFRPSDQ\FDOOHG3DUVD.HQWH&ROOLHULHV/LPLWHGZKHUHLQ$(/RZQD

HTXLW\LQWHUHVWIRUPLQLQJFRDOIURPWKHVHEORFNV$(/KDVDOVRHQWHUHG

LQWRDFRDOPLQLQJDQGGHOLYHU\DJUHHPHQWEHWZHHQ55981/DQG3DUVD.HQWH

&ROOLHULHV/LPLWHG3.&/RQ-XO\SXUVXDQWWRZKLFK$(/ZLOODFWDVH[FOXVLYHFRQWUDFWRUIRUPLQLQJFRDOIURPWKHVHEORFNVDQGGHOLYHULQJFRDOWR

55981/V SRZHU VWDWLRQV 7KLV DJUHHPHQW LVYDOLG IRU D SHULRG RI\HDUV

IURPWKHGDWHRIVLJQLQJRI WKHDJUHHPHQWDQGZHH[SHFW WRVWDUWPLQLQJDQG

GHOLYHULQJFRDOIURP-XQHRQZDUGV,QDGGLWLRQ3.&/KDYHEHHQJUDQWHG

FOHDUDQFHIURPWKH0LQLVWU\RI5DLOZD\VIRUWKHPRYHPHQWRIFRDOIURPWKHFRDO


20/37


20

EORFNV DW .DQWH %DVDQ DQG 3DUVD (DVW WR WKH SRZHU SODQWV RI 55981/

)XUWKHU$GDQL0LQLQJ3ULYDWH/LPLWHGKDVHQWHUHGLQWRDFRDOPLQLQJVHUYLFHV

DJUHHPHQW GDWHG -XO\ ZLWK 3DUVD .HQWH &ROOLHULHV /LPLWHG IRU

XQGHUWDNLQJYDULRXVDFWLYLWLHVVXFKDVDFWLYLWLHVREWDLQLQJDSSURYDOVLQFOXGLQJ

DSSURYDO RI PLQLQJ SODQ DFTXLVLWLRQ RI ODQG VHWWLQJ XS ZDVKHU\ DQGFRQVWUXFWLRQRIUDLOZD\VLGLQJDWWKHPLQH$(/UHFHQWO\UHFHLYHGDOHWWHURI

LQWHQW /R, GDWHG0D\ IURP 0DKDJXM &ROOLHULHV /LPLWHG IRU WKH

GHYHORSPHQWRIWKH0DFKKDNDWDFRDOEORFNLQ2ULVVD7KLVHQWDLOVWKHPLQLQJRI

FRDO IURP WKH FRDO EORFN DQG VXSSO\LQJ WKH GHVLJQDWHG SRZHU SODQWV RI

0DKDUDVKWUD 3RZHU *HQHUDWLRQ &RPSDQ\ /LPLWHG DQG WKH *XMDUDW 6WDWH

(OHFWULFLW\&RUSRUDWLRQ/LPLWHG$GGLWLRQDOO\WKH&RPSDQ\KDVUHFHLYHGD/2$

GDWHG 2FWREHU WKH &KKDWWLVJDUK /2$ IURP &KKDWWLVJDUK 6WDWH

3RZHU*HQHUDWLRQ&RPSDQ\/LPLWHG&63*&/UHJDUGLQJVHOHFWLRQDVMRLQW

YHQWXUHSDUWQHUIRUGHYHORSPHQWPLQLQJDQGWUDQVSRUWDWLRQRIFRDOIURP3DUVDFRDOEORFN,QWHUPVRIWKH&KKDWWLVJDUK/2$&63*&/ZLOOKROGFDVKOHVV

HTXLW\LQWKHMRLQWYHQWXUHFRPSDQ\IRUPHGDQGWKH&RPSDQ\ZLOOKROG

7KH &RPSDQ\ZLOO EH UHVSRQVLEOH IRU WKH VXFFHVVIXO PLQH GHYHORSPHQW DQG

RSHUDWLRQRIWKHFRDOEORFN7KHFRDOIURPWKHPLQHZLOOEHXWLOL]HGE\&63*&/

IRULWVRZQWKHUPDOSRZHUSURMHFW

,QGRQHVLDPLQLQJRSHUDWLRQV

37$GDQL *OREDO VXEVLGLDU\ RI$(/ KDV HQWHUHG LQWR DJUHHPHQWV WR

H[FOXVLYHO\ PLQH FRDO LQ %XQ\X LVODQG ,QGRQHVLD ,Q WKLV DUHD LQGHSHQGHQW

VXUYH\V LQGLFDWH VXEVWDQWLDO SRWHQWLDO FRDO UHVHUYHV DPRXQWLQJ WR

DSSUR[LPDWHO\007ZLWKDQDYHUDJH*&9RI.FDONJ&RPSDQ\KDV

VWDUWHGLWVPLQLQJRSHUDWLRQVLQ ,QGRQHVLD IURP0DUFKDQG SURGXFHG

PLOOLRQWRQQHVRIFRDOLQ)


21/37


21

Oil and Gas Exploration

$'$1,*$6

$GDQL*DVLVDZKROO\RZQHGVXEVLGLDU\RIWKH$GDQL(QWHUSULVH/WG$(/DQG

ZDVLQFRUSRUDWHGIRUVHWWLQJXSGLVWULEXWLRQQHWZRUNLQYDULRXVFLWLHVWRVXSSO\QDWXUDO JDV WR LQGXVWULDO &RPPHUFLDO 'RPHVWLF DQG &1* &XVWRPHUV 7KHFRPSDQ\KDV IRUD\HGLQWR WKHEXVLQHVVRI*DV'LVWULEXWLRQ%XVLQHVVZLWKDQREMHFWLYHRISURYLGLQJVDIHFRQYHQLHQWUHOLDEOHDQGHQYLURQPHQWIULHQGO\IXHO

$GDQL*DVKDVDOUHDG\VHWXSD*DV'LVWULEXWLRQ1HWZRUNLQ*8-$5$7$KPHGDEDGDQG9DGRGDUD+$5


22/37


22

YHQWXUHLQ6LQJDSRUHZLWK&KHPRLO(QHUJ\/LPLWHGZKHUHRQZHKDYHHTXLW\SDUWLFLSDWLRQHHIIRUWVWRWDSWKHRSSRUWXQLWLHVLQWKHVDLGVHFWRU7KH&RPSDQ\KDVEHHQVXFFHVVIXOLQJUDEELQJDQLQFUHDVLQJPDUNHWVKDUHLQH[SRUWDQGLPSRUWRIJUDLQVDQGSXOVHV

REAL ESTATE

,QWHJUDWHG7RZQVKLSVDQG&RPPHUFLDO5HVLGHQWLDO'HYHORSPHQWV

7KH ,QGLDQ UHDOHVWDWH VHFWRU LVRQDVWURQJJURZWKSDWK OHGE\ ULVLQJ*'3

LPSURYLQJGHPRJUDSKLFV JURZLQJDIIRUGDELOLW\ LQFUHDVLQJ LPSDFW RI ,7,7(6

DQG RUJDQL]HG UHWDLO VHFWRUV VXSSRUWHG E\ VWURQJ )', DQG SRUWIROLR LQIORZV

7KH XQSUHFHGHQWHG GHPDQG KDV GULYHQ WKH QHHG IRU RUJDQL]HG VRXUFHV RI

IXQGLQJFUHDWLQJLQYHVWDELOLW\DQGKDVOHGWRWKHHPHUJHQFHRIUHDOHVWDWHDV


23/37


23

D VXVWDLQDEOH DVVHW FODVV 7KH RIILFH VSDFH LQ ,QGLD LV DOVR IDU ORZHU ZKHQ

FRPSDUHGZLWKLQWHUQDWLRQDOSHHUVOLNH+RQJ.RQJDQG1HZ


24/37


24

y ,QGLYLGXDO%XQJDORZVy &RPPHUFLDO 6SDFH IRU 2IILFHV &RUSRUDWH +RXVHV 6KRSSLQJ 0DOOV

(QWHUWDLQPHQW5HVWDXUDQWV+RWHOV+RVSLWDOV5HFUHDWLRQHWF

3XEOLF&RQVWLWXHQWV

y 3ULPDU\DQG+LJK6FKRROIDFLOLWLHVy 7ZR$GYDQFHG(GXFDWLRQ,QVWLWXWLRQVy +RVSLWDOVy 3HWURO3XPSVy $/DUJH*UHHQ3DUNIRUWKHFRPPXQLW\y $/DUJH$UWLILFLDO/DNHy $%RWDQLFDO*DUGHQ1XUVHU\y 5HOLJLRXV7HPSOHVy )LUH%ULJDGH$PEXODQFH6HUYLFH

6KDQWLJUDP3XEOLF8WLOLW\,QIUDVWUXFWXUH

y )HHW$UWHULDO+LJK6WUHHWZLWK$YHQXH7UHHVy 6WDWHRIWKHDUW+LWHFK6HFXULW\6\VWHPIRUWKH2FFXSDQWVy $7RZQVKLS0DQDJHPHQW&RPSDQ\IRU20ZLWKSHUSHWXLW\y $IXWXULVWLF7HOHFRP,QWHUQHW%URDG%DQG&DEOH:L)LIRU3XEOLF3ODFHV

7RZQVKLS79)DFLOLW\

&RPPHUFLDO5HVLGHQWLDO'HYHORSPHQWV

0XPEDL LVD FRPPHUFLDOFDSLWDORI ,QGLDDQG LV WKHVL[WKODUJHVWPHWUR LQWKH

ZRUOG$VDUHVXOW0XPEDLRIIHUVDSOHWKRUDRIHPSOR\PHQWRSSRUWXQLWLHVDQG

WKLVLQWXUQKDVOHGWRDQLQFUHDVHLQLWVSRSXODWLRQIURPPLOOLRQLQWR

PLOOLRQLQ:LWKVFDUHUHVLGHQWLDOVSDFHWRFDWHUWRDQHYHULQFUHDVLQJ

SRSXODWLRQDQGGZLQGOLQJFRPPHUFLDODUHDLQWKHHYHQWRIHQKDQFHGHFRQRPLF

DFWLYLW\0XPEDLUHDOW\SULFHVKDYHKLWWKHURRI7RFDSLWDOL]HRQWKLVVHJPHQW

$GDQL (QWHUSULVHV WKURXJK LWV RZQHG VXEVLGLDU\ KDV LGHQWLILHG WZRSURSHUWLHVLQ0XPEDL

%DQGUD.XUOD&RPSOH[


25/37


25

7KH VLWH LV ORFDWHG LQ ,QWHUQDWLRQDO )LQDQFH %XVLQHVV &HQWUH ,)%& LQ

%DQGUD.XUOD&RPSOH[%.&DQGLVLQWKHFORVHYLFLQLW\RIVRPHRIWKHPRVW

SUHVWLJLRXV FRPPHUFLDO GHYHORSPHQWV LQ %.& 7KH VXEMHFW VLWH LV ORFDWHG

RSSRVLWH,&,&,%DQNDQG,/)6EXLOGLQJVDQGLV LQWKHYLFLQLW\RI WKH21*&

FRORQ\

%.& KDV ORFDWLRQDO DGYDQWDJHZLWKSUR[LPLW\ WR LPSRUWDQW FRPPHUFLDO DUHDV

VXFK DV $QGKHUL 0DKDUDVKWUD ,QGXVWULDO 'HYHORSPHQW &RUSRUDWLRQ 0,'&

FRPSOH[DQG6DQWD&UX](OHFWURQLFDQG([SRUW3URPRWLRQ=RQH6((3=O\LQJ

LQ LWV FORVH YLFLQLW\ 0RUHRYHU LW LV ORFDWHG LQ WKH KHDUW RI WKH FLW\ DQG

FRQQHFWLYLW\WR:HVWHUQ([SUHVV+LJKZD\DQGRWKHUDLUSRUWVPDNHLWDKLJKO\

SUHIHUUHGORFDWLRQIRUFRPPHUFLDOSXUSRVH7KHVXEMHFWVLWHLVDFFHVVLEOHIURP

WKH005'$5RDGDVZHOODV&675RDGLQ.DOLQD%.&KDVGHYHORSHGDV

RQH RI WKHPRVWVRXJKW SULPH FRPPHUFLDOPLFURPDUNHW LQ0XPEDL DIWHU WKH&HQWUDO%XVLQHVV'LVWULFW&%'LQ1DULPDQ3RLQW,WLVH[SHFWHGWREHFRPHWKH

VHFRQGDU\FHQWUDOEXVLQHVVGLVWULFW&%'RI0XPEDLGXHWRWKHIDFWRUVOLNHWKH

TXDOLW\ LQIUDVWUXFWXUHDYDLODELOLW\RIODQGE\005'$HVWDEOLVKHGFRPSDQLHV

URDG ZLGWK HDV\ DFFHVVLELOLW\


26/37


26

.KDWDX0LOO/DQG

$VSHURUGHURI%RDUGIRU,QGXVWULDO)LQDQFLDO5HFRQVWUXFWLRQ%,)5GDWHGQG)HEUXDU\.KDWDX0DNDQML6SLQQLQJ:HDYLQJ0LOOV/WG .0/

KDVEHHQGHPHUJHGDQG WKHSURSHUWLHVSHUWDLQLQJWR%\FXOODDQG%RULYDOLZLWK

WKHUHVXOWLQJFRPSDQ\LH6ZD\DP5HDOWRUVDQG7UDGHUV/WG657/$GDQL

JURXSKROGVVKDUHKROGLQJRI657/

/RFDWHGDWSODFHV


27/37


27

%\FXOOD 7KH VXEMHFW SURSHUW\ LV ORFDWHG RII 10-RVKL 0DUJ QHDU %\FXOOD6WDWLRQ

%RULYDOL7KHVXEMHFWSURSHUW\LVORFDWHGDGMRLQLQJ(NWD0HDGRZVRII:HVWHUQ([SUHVV+LJKZD\RQ%RULYDOL(DVW,WLVLQFORVHSUR[LPLW\RI7KDNXU&RPSOH[DQGQHDUO\PLQXWHVIURP%RULYDOLVWDWLRQDQG0DJDWKDQH%XVGHSRW

7KHUHGHYHORSPHQWRIHUVWZKLOHGHIXQFWPLOOODQGVLQ&HQWUDO0XPEDLLVJRLQJWRPLWLJDWHWKHGHDUWKRITXDOLW\UHDOHVWDWHLQ0XPEDL7KHVXSSO\RIFRUSRUDWH

RIILFH VSDFH IURPPLOO ODQGV LVH[SHFWHG WRKDYH D VLJQLILFDQW LPSDFW RQ WKH

VXEMHFWSURSHUW\VLWHDQGSURSRVHGGHYHORSPHQW


28/37


28

AGRO

$JUR&RPPRGLWLHV7UDGLQJ

,QGLD LVRQH RI WKHZRUOGV ODUJHVW IRRGJUDLQVSURGXFHUV WKH VHFRQG ODUJHVWYHJHWDEOHSURGXFHUDQGULFHSURGXFHUPDNLQJLWRQHRIWKHZRUOGVDJULFXOWXUDO

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

$GDQL(QWHUSULVHVLVRQHRIWKHOHDGLQJWUDGLQJKRXVHVLQDJURFRPPRGLWLHV$GDQLV $JUR FRPPRGLWLHV EXVLQHVV LV IRFXVHG RQ WUDGLQJ LQ YDULRXV $JURSURGXFWVLQ,QGLDDQGLQWHUQDWLRQDOO\LQFOXGLQJJUDLQVSXOVHVFDVWRUDQGVR\D$GDQL(QWHUSULVHVKDVHPHUJHGDVDOHDGLQJLPSRUWHURISXOVHV7KHFRPSDQ\LVSUHVHQW LQHYHU\DVSHFWRI WUDGH RIEXON DJURFRPPRGLWLHV IURPLPSRUWLQJVHOOLQJGRPHVWLFDOO\WRH[SRUWLQJDQGGRLQJWKLUGFRXQWU\WUDGH


29/37


29

*OREDODJULFXOWXUDOWUDGHLVSURMHFWHGWRULVHJLYHQWKHH[SDQGLQJDJULRXWSXWLQDQXPEHURIFRXQWULHVLQOLQHZLWKDUREXVWHFRQRPLFJURZWKDFURVVWKHZRUOG([FHOOHQW H[SRUW SURVSHFWV FRPSHWLWLYH SULFLQJ RI DJULFXOWXUH SURGXFWV DQGVWDQGDUGVWKDWDUHLQWHUQDWLRQDOO\FRPSDUDEOHKDVFUHDWHGWUDGHRSSRUWXQLWLHVLQWKHDJURLQGXVWU\

'ULYHQE\WKHFRQVXPSWLRQDQGSURGXFWLRQGLVSDULW\LQWKHDJURVHFWRU$GDQL(QWHUSULVHVKDVPDGHHIIRUWV WR WDS WKHRSSRUWXQLWLHV LQ WKH VDLG VHFWRU7KH&RPSDQ\KDVEHHQVXFFHVVIXOLQJUDEELQJDQLQFUHDVLQJPDUNHWVKDUHLQH[SRUWDQGLPSRUWRIJUDLQVDQGSXOVHV

(GLEOH2LO

$GDQL:LOPDU/LPLWHG$:/D5VFURUHWXUQRYHUFRPSDQ\LVDMRLQWYHQWXUHLQFRUSRUDWHGLQ-DQXDU\EHWZHHQWZRJOREDOFRUSRUDWLRQV

y $GDQL (QWHUSULVHV /WG WKH OHDGHUV LQ LQWHUQDWLRQDO WUDGLQJ SULYDWHLQIUDVWUXFWXUHDQG

y :LOPDU+ROGLQJV3WH/WGRI6LQJDSRUHRQHRIWKH:RUOGVODUJHVWWUDGHUDQGUHILQHURIHGLEOHRLO

)UXLWV9HJHWDEOHV

'HVSLWHEHLQJWKHVHFRQGODUJHVWSURGXFHURIIUHVKIUXLWVDQGYHJHWDEOHVWKHFRXQWU\LVDYLUWXDOQRQHQWLW\RQWKHZRUOGWUDGHPDSLQWHUPVRIWKHJOREDOWUDGHYROXPHV'XHWRODFNRISRVWKDUYHVWPDQDJHPHQWIDFLOLWLHVDEVHQFHRIVXLWDEOH FROG VWRUHV DQG WKH ODFN RI DQ RUJDQL]HG GLVWULEXWLRQ V\VWHP WKHZDVWDJHRIIUHVKSURGXFHLQ,QGLDLVDVPXFKDV

7KH GRPHVWLFPDUNHW LV FKDUDFWHUL]HG E\RYHUVXSSO\ LQ WKH SHDN VHDVRQ DQGVKRUWDJHLQRIIVHDVRQUHVXOWLQJLQRIIVHDVRQSULFHVWKDWDUHRIWHQWLPHVRIVHDVRQSULFHV7KHODFNRIDSSURSULDWHVWRUDJHDQGORJLVWLFLQIUDVWUXFWXUHMDFNVXSWKHSULFHVIRUWKHXOWLPDWHFRQVXPHUV$VDUHVXOWQHLWKHUGRHVWKHSURGXFHUHDFK WKH FRQVXPHU LQ WKH RSWLPDO FRQGLWLRQQRU GRHV WKHSURGXFHU JHW IDLUO\UHPXQHUDWHG


30/37


30

7R FDSLWDOL]H RQ WKLV VHJPHQW $GDQL (QWHUSULVHV WKURXJK LWV RZQHG6XEVLGLDU\ $GDQL$JUL)UHVK/WGKDVWDNHQWKHOHDGLQGHYHORSLQJVXFKDQLQWHJUDWHG VWRUDJH KDQGOLQJ DQG WUDQVSRUWDWLRQ LQIUDVWUXFWXUH IRU IUXLWV DQG

YHJHWDEOHVLQ,QGLD7KLVZLOOHQDEOHWKHFRPSDQ\WRSURYLGHFRQVLVWHQWTXDOLW\RI EUDQGHG IUXLWV DQG YHJHWDEOHV DOO WKH \HDU URXQG 7KH FRPSDQ\ ZLOO EHHPSOR\LQJ&RQWUROOHG$WPRVSKHUH7HFKQRORJ\IRULQFUHDVLQJWKHVKHOIOLIHRIIUXLWV'LVWULEXWLRQFHQWHUVZLOOEHVHWXSDFURVV,QGLDFRPSOLPHQWHGE\VHWWLQJXSLWVRZQORJLVWLFFROGFKDLQWRLQFUHDVHHIILFLHQF\RIWKHV\VWHP

7KH &RPSDQ\ KDV VHW XS &RQWUROOHG $WPRVSKHULF 6WRUDJH XQLWV DW WKUHHORFDWLRQV5HZDOL6DLQ]DQG5RKUXLQ+LPDFKDO3UDGHVKZLWKDFDSDFLW\RIDURXQG 07 (DFK 6LWH KDV EHHQ FRQVWUXFWHG ZLWK %ORFNV RI &KDPEHUVWRWDOLQJWRFKDPEHUVDWHDFKORFDWLRQ

7KH VWUDWHJ\ LV WRFRQFHQWUDWH RQSURGXFWV WKDW DUH SURGXFHG IDU IURPPDMRUFRQVXPSWLRQFHQWHUVDUHVHDVRQDOLQQDWXUHDQGDUHDPHQGDEOHWRLQFUHDVHLQVWRUDJHOLIHXVLQJPRGHUQLQWHJUDWHGFROGFKDLQIDFLOLWLHV7KLVZRXOGHQDEOHWKHFRPSDQ\ WR OHYHUDJH RQ LWV ORJLVWLFV VWUHQJWK ZKLOH DW WKH VDPH WLPH WDNHDGYDQWDJH RI FRQWUROOHG DWPRVSKHULF VWRUDJH WHFKQRORJ\ WR DUELWUDJH RQ WKHSULFHGLIIHUHQWLDOEHWZHHQSHDNDQGRIISHDNVHDVRQ

,QLWLDOO\WKHSURMHFWZRXOGEHIRFXVHGRQDSSOHVDQGZRXOGWKHQGLYHUVLI\LQWRRWKHUSURGXFWV7KHIUXLWVDQGYHJHWDEOHVZKLFKDUHSURSRVHGWREHSUHVHUYHG

ZLOO EH DSSOH EDQDQD JUDSHV OLPH OLWFKL PDQJR PRVDPEL SLQHDSSOHSDSD\DEULQMDOELWWHUJRXUGJUHHQFKLOOLHVSHDVFDEEDJHFDXOLIORZHUJLQJHUJDUOLFHWF

$JUR6XSSO\&KDLQ

*OREDOO\PRYHPHQWRIPDMRUIRRGJUDLQVOLNHZKHDWIRUGRPHVWLFFRQVXPSWLRQRUH[SRUWVLVGRQHLQDQLQWHJUDWHGIDVKLRQLQEXONULJKWIURPIDUPJDWHWRSRUWRUFRQVXPSWLRQFHQWUH7KLVKHOSVWRUHGXFHPXOWLSOHKDQGOLQJVDQGDVVRFLDWHGKLJKZDVWDJHDQG SLOIHUDJHZKLFK W\SLFDO H[LVWV LQGHYHORSLQJ FRXQWULHV OLNH

,QGLD

,Q RUGHU WR UHGXFH VWRUDJH DQG WUDQVLW ORVVHV RI IRRG JUDLQV DQG WR EULQJDGGLWLRQDOUHVRXUFHVWKURXJK3ULYDWH6HFWRUVSDUWLFLSDWLRQV*RYWRI,QGLDKDGDQQRXQFHGD1DWLRQDO3ROLF\RQ+DQGOLQJ6WRUDJHDQG7UDQVSRUWDWLRQRI )RRGJUDLQVLQ-XQHIRU%XONDQGFRQYHQWLRQDOJRGRZQV$GDQL$JUL/RJLVWLFV/WG VXEVLGLDU\ RI$(/ZDV DZDUGHG WKH FRQWUDFW IRU VHWWLQJ XS WZR


31/37


31

VXFKIDFLOLWLHVRQHHDFKDW0RJDDQG.DLWKDOLQ+DUD\DQDDVLWHPHUJHGDVWKHPRVWFRPSHWLWLYHELGGHUIRUZKLFKJOREDOWHQGHUVZHUHLQYLWHG

$GDQL$JUL/RJLVWLFV/WGLVUHVSRQVLEOHIRUGHYHORSPHQWDQGRSHUDWLRQRIEXONIRRG JUDLQ KDQGOLQJ VWRUDJH DQG WUDQVSRUWDWLRQ IDFLOLWLHV XQGHU %22

DUUDQJHPHQW IRU )&, $(/ KDV GHYHORSHG YHUWLFDO VLORV WR VWRUH JUDLQV DQGPRYHPHQWLQEXONLQWRSORDGLQJERWWRPGLVFKDUJHZDJRQV7KLVLVDQDWLRQDOOHYHOSURMHFWFUHDWHGILUVWWLPHLQ,QGLD

7KH3URMHFWHQYLVDJHVIROORZLQJDFWLYLWLHV

'HVLJQ ILQDQFH FRQVWUXFW RSHUDWH DQG PDLQWDLQ %DVH 'HSRWV DQG )LHOG'HSRWV

5HFHLYH JUDLQV IURP)&, DW WKH EDVH GHSRWVZHLJK WKHP FOHDQ WKHP VWRUH

WKHPDQGWUDQVSRUWWKHPHLWKHUE\UDLORUURDG

5HFHLYHLQEXONE\UDLOKDQGOHDQGVWRUHDQGSUHVHUYHWKHJUDLQVDWWKHILHOGGHSRWVDQGWKHUHDIWHUORDGWKHVHJUDLQVLQEXONEDJVIRUWUDQVSRUWDWLRQE\UDLORUURDG

&RQVWUXFWDQGPDLQWDLQUDLODQGURDGDFFHVVIURPWKHGHSRWVRIWKHFLUFXLWWRWKHQHDUHVWUDLODQGURDGQHWZRUNV

'HYHORSSURFXUHDQGRZQRQLWVFRVW6SHFLDO%XON)RRGJUDLQV

Corporate Social Responsibility

*HQHVLVRI$GDQL)RXQGDWLRQ

Adani Foundation was established in May 1996. Situated in Ahmedabad, it is a part of the prestigious Adani Group and looks after the Corporate Social

Responsibility related activities of the Group, which has now become synonymous

with creating wealth for the people. Adani Foundation was established with the

vision to accomplish passionate commitment to the social obligations towards

communities, fostering sustainable and integrated development, thus improving


32/37


32

quality of life". We began in a small way by working with a few rural communities

around our Port at Mundra.

Through its grant, the Foundation supports efforts in the development of society, in

areas of Rural Livelihoods & Communities, Education, and Health. Besidesinstitutional grants, the Foundation also makes individual grants for education and

medical relief. The Foundation is registered as a NGO and operates in Gujarat with

major focus in Kutch & Ahmedabad. This year, it will expand to other locations in

the country. The Foundation is active in four major areas for all sections of the

society:

y Medicaly Educationy

Rural Developmenty Charitable & General

$FWLYLWLHVDW$KPHGDEDG

7KH$KPHGDEDGRIILFHKROGVWKHVHFUHWDULDWRIWKH)RXQGDWLRQ 7KH DFWLYLWLHV ZKLFK DUH GLUHFWO\

PDQDJHGE\WKH$KPHGDEDG2IILFHDUH

$0HGLFDO

0HGLFLQHVSUHVFULEHGE\WKHKRVSLWDOVVSHFLDOLVWVDSURYLGHGIUHHRIFRVWWRSDWLHQWVLQFOXGLQJ+,9SRVLWLYHSDWLHQWV

)LQDQFLDO DVVLVWDQFH ZDV SURYLGHG WR SDWLHQWV IRU VXUJHULHV DQGFULWLFDOGLVHDVHVORRNLQJWRWKHVHYHULW\RIWKHFDVHV


33/37


33

)LQDQFLDO $VVLVWDQFH WR SHHU JURXSV 6KUHH 5DMUDMHQGUD 6XUL&KDULWDEOH 7UXVW 6XUDW ZDV JLYHQ ILQDQFLDO VXSSRUW ZRUWK 5V /DNKVWRZDUGVVHWWLQJXSDQHZGLVSHQVDU\ LQ6XUDWIRU WKHXQGHUSULYLOHJHG

%(GXFDWLRQ

6FKRODUVKLS 6FKHPH 7KLV VFKHPH LV PHDQW IRU DOO FKLOGUHQ ZKRVHFXUH PRUH WKDQ PDUNV LQ DJJUHJDWH DQG DUH IURP %HORZ3RYHUW\ /LQH VWUDWD PHULWRULRXV VWXGHQWV DYDLOHG WKHVHVFKRODUVKLSV DSSOLFDEOH IURP WK VWDQGDUG RQZDUGV XS WRSURIHVVLRQDOFRXUVHV

6FKHPH:H KHOSHG VWXGHQWV XQGHU WKLV VFKHPHZKHUHLQQLQHPRQWKVWXLWLRQIHHVDQGWZRWHUPIHHVZHUHSDLGGLUHFWO\WRWKHHGXFDWLRQDOLQVWLWXWLRQV

9LG\D6DKD\7KLVVFKHPHHQDEOHVPDNHIHDVLEOHTXDOLW\HGXFDWLRQDFFHVVLEOHWRQHHG\DVVRFLDWHVRIWKH$GDQL*URXSWRPLWLJDWHWKHKDUGVKLS LQ HGXFDWLQJ WKHLUFKLOGUHQ RQDFFRXQWRI WKH KLJK FRVW RIHGXFDWLRQ 8QGHU WKLV VFKHPH FKLOGUHQ DYDLOHG 9LG\D 6DKD\DPRXQWLQJ

$GDQL 9LG\D 0DQGLU 68&&(66 ,6 127 758( 81/(66 ,7 ,66+$5('EHOLHYLQJLQWKLVSKLORVRSK\$GDQL)RXQGDWLRQKDVVHWXS$GDQL 9LG\D 0DQGLU VFKRRO WR LPSDUW TXDOLW\ HGXFDWLRQ JRRGIDFLOLWLHV WR XQGHUSULYLOHJHG PHULWRULRXV VWXGHQWV WRWDOO\ IUHH 7KLVZLOO HQDEOH WKHP WR IXOILOO WKHLUGUHDPV DQG DVSLUDWLRQV 7KH VFKRROZDV IRUPDOO\ GHFODUHG RSHQ RQ WK -XQH )URP WKLV \HDU&ODVV,,,DQG,9DUHRSHUDWLRQDO$WRWDORIVWXGHQWVKDYHWDNHQDGPLVVLRQLQWKHVFKRROWKURXJKDQHQWUDQFHWHVWKHOGLQWKHPRQWKVRI$SULO0D\

)LQDQFLDO$VVLVWDQFHWRSHHUJURXSVo

%DQDVNDQWKD .HODYDQL 0DQGDO ZDV JLYHQ ILQDQFLDO VXSSRUWZRUWK5V/DNKVWRZDUGVFRQVWUXFWLRQRIDQHZVFKRROo -D\ 3DUVYDQDWK (GXFDWLRQ 7UXVW ZDV JLYHQ ILQDQFLDO VXSSRUW

ZRUWK5V/DNKVWRZDUGVFRQVWUXFWLRQRIQHZFODVVURRPVDW'KROND$KPHGDEDG

&2WKHUV


34/37


34

y 6KUHH 1DYFKHWDQ$QGKMDQ0DQGDOZDV JLYHQVXSSRUWZRUWK5V

/DNKVWRZDUGVFRQVWUXFWLRQRIWKHLUQHZFDPSXVLQ.XWFKy 6KUHH


35/37


35

FRQVXOWDWLRQIURP81,&()DQG'LVWULFW3ULPDU\(GXFDWLRQ2IILFHUIRUWKHDFDGHPLF\HDURI

y 3UHSDUHG D PRGHO IRU 6FKRRO+HDOWK &RUQHU JURXS VFKRROV RI0XQGUD DQG 0DQGDYL 7DOXNDV DUH SURYLGHG ZLWK 0RGHO +HDOWK&RUQHU.LWFRQVLVWLQJRIIXOOVL]HPLUURUQDSNLQVFRPEVQDLOFOLSSHUV +HLJKW PHDVXULQJ 6FDOH DQG SRVWHUV IRU FUHDWLQJ KHDOWKDZDUHQHVV

y $)DOVRDVVLVWHGLQGLVWULEXWLQJWH[WERRNVWRVFKRROVy $)7HDPSDUWLFLSDWHGLQ6FKRRO(QUROPHQW'ULYHRIFXUUHQW\HDUy VFKRROVKDYHEHHQLGHQWLILHGIRU(GXFDWLRQDO,QSXWVZLWKHPSKDVLV

RQ*LUO&KLOG(GXFDWLRQDQG4XDOLW\RI(GXFDWLRQ

+HDOWK

y 0RELOH 'LVSHQVDU\ LV UHQGHULQJ VHUYLFHV WR YLOODJHV DQG WKUHHODERXU FRORQLHV DQG KDV WUHDWHG SDWLHQWV LQ $SULO DQG SDWLHQWVLQ0D\DEVROXWHO\IUHH

y 0HGLFDO FDPS DW =DUDSDUD SRUW FRORQ\ ZKHUH SDWLHQWV JRW IUHHWUHDWPHQW

y 6SHFLDOW\FDPSV*\QDHFFDPSVZHUHRUJDQL]HGDW7XQGD%DURLDQG'HVKDOSDU YLOODJHDVZHOODV DW $3/ DQG6DPXGUD ODERXU FRORQLHV2YHU ZRPHQ JRW WUHDWPHQW IRU YDULRXV J\QDHF DLOPHQWV IRUZKLFK WKH\ ZRXOG QRW KDYH JRQH DQ\ZKHUH XQOHVV LW JHWV YHU\VHULRXV'U&KLWUD%KDWQDJDU0'2E*\UHQGHUHGKHUVHUYLFHVRQDYROXQWDU\EDVLV

y /LIH6NLOO(GXFDWLRQ7DONIROORZHGZLWKTXHVWLRQDQVZHUVHVVLRQZLWKVWXGHQWV DQG WHDFKHUV RI $GDQL '$9 6FKRRO ZLWK 'U &KLWUD%KDWQDJDU

y ,Q FROODERUDWLRQ ZLWK *RYHUQPHQW &RPPXQLW\ +HDOWK &HQWHUYDFFLQDWLRQ DQG DQWH QDWDO FDUH LV SURYLGHG DW ODERXU FRORQLHVQDPHO\DW6DPXGUD7RZQVKLSDQG0LWKDQLV&RORQ\RQ7XHVGD\VRIWKHPRQWK

y 3UH PRQVRRQ KHDOWK DZDUHQHVV SURJUDPPH FRQGXFWHG DW YDULRXVODERXUFRORQLHV

y 'HPRQVWUDWLRQ RI FKORULQDWLRQ RI ZDWHU DORQJ ZLWK PDWHULDO VXSSO\FDUULHGRXWDWYDULRXVODERXUFRORQLHV

y +,9$,'6DZDUHQHVVWDONVDW,QGUDVHFXULW\DQG6DPXGUD7RZQVKLS/LYHOLKRRG$FWLYLWLHV

y *URXSPHHWLQJVZLWK&DWWOH2ZQHUVDW0DQJDUD IRU ORZ FRVWFDWWOHVKHGIRUUHGXFLQJZDVWDJHRIIRGGHU


36/37


36

y $ZDUHQHVV 1LJKW &DPS ZLWK 9HWHULQDU\ 'U 3UDNDVK 0RGL DW*RHUVDPDDQG6KHNKDGL\DEHQHILWLQJFDWWOHRZQHUVIDPLOLHV

y &RQWLQXHLPSOHPHQWDWLRQZRUNRI6DPDJKRJKD&KHFN'DPRQ3KRWULYHUXQGHU6DUGDU6DKDEKDJL-DO6DQFKD\


37/37


y :HKDYHH[SDQGHGRXUWHDPE\UHFUXLWLQJVL[FRPPXQLW\PRELOL]HUVZLWK JUDGXDWH DQG SRVW JUDGXDWH GHJUHHV LQ UHOHYDQW HGXFDWLRQVWUHDPVDQGRIWRWDOZRUNH[SHULHQFH:HKDYHDOVRUHFUXLWHGSURMHFWRIILFHUV SURJUDPPH VSHFLDOLVWV IRU +HDOWK DQG $QLPDO +XVEDQGU\DQGRWKHUOLYHOLKRRGDFWLYLWLHV

y 7HDP OHDGHU YLVLWHG 'DKHM DQG 7LURGD VLWHV IRU DVVHVVLQJ DQGH[SORULQJWKHSRVVLELOLWLHVRI&65DFWLYLWLHVLQWKRVHDUHDV$SHUVRQWRORRNDIWHU'DKHMVLWHKDVEHHQVKRUWOLVWHG

$FWLYLWLHVDW*XUJDRQ$EORRGGRQDWLRQ FDPSZDVRUJDQL]HGDW$'$1,+RXVH*XUJDRQLQFRRUGLQDWLRQZLWK5HG&URVV6RFLHW\,QGLD$WRWDORI XQLWV RI EORRGZHUH GRQDWHG E\ HTXDO QXPEHUV RI YROXQWHHUV IRU WKHQREOHFDXVHRIVDYLQJOLYHVRISHRSOH

Documents

Adani Group Ltd Final