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Adani Ports and SEZ Ltd.(APSEZ)

Udayan Jain – Head LPGWLPGA 2019 Asia LPG Summit

6th Feb 2019, New Delhi

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Agenda – Infrastructure to Support

Overview – Adani Group

Adani Group – Enabling Infrastructure

Indian LPG Landscape – Import Infrastructure and Challenge

Infrastructure Solution – LPG

Adani Commitment –Growth with Goodness

LPG Business-APSEZ

Overview – Adani Group

Revenue : $11 billion FY2018

Presence:50 countries, 70 locations

Human Capital: 11,000+

Listed Companies: Adani Enterprises Ltd,Adani Ports and SEZ Ltd,Adani Power Ltd, Adani Transmission LtdAdani Gas Adani Green Energy

Our mines, ports and power plants help people to work, shop, cook, read and go about improving their daily lives.

‘Growthwith

Goodness’

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• Adani Group started its first port at

Mundra, Gujarat. Later on, it has

aggressively added new Indian & Overseas

ports to its portfolio.

• In 2017- 18, Adani Ports handled over 180

Million MT of cargo.

• Adani Ports aim to achieve mammoth

figure of 350 million MT per annum Indian

cargo handling by 2021

Enabling Infrastructure – Ports

Adani Group as largest port developer and operator of the country is committed to provide world classcompetitive infrastructure to Industries.

Journey to largest Port Operator Adani Port presence on Indian coastline

LPG Business-APSEZ

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Enabling Infrastructure – Logistics Parks

Patli

Kila-Raipur

Kishangarh

MumbaiPipavav

Taloja

Dahej

Hyderabad

Malur

Nagpur

GuwahatiKanpur

Chennai

Hazira

Ennore + Kattupalli

SanandBaroda

Only Private Logistics Playerwith pan-India presenceacross multiple verticalsExisting Facility

Project Stage

Under Evaluation

Network Location

Gateway Ports

Dhamra

Mundra

LOGISTICS PARKS

• Logistics parks at Patli, Kishangarh & Kilaraipur

• Upcoming facilities at Malur, Dahej, Taloja, Chennai

• 225,000 TEUs annually

RAIL OPERATIONS

• Prominent player in container train operations in India

• Operating a fleet of 24 rakes; 11 rakes on order in 2018-19

• Presently operating on 6 major routes - North & West India

LPG Business-APSEZ

• Currently 4 no. of Multipurpose berths for liquid tankers.

• Location provides access to industrial zones in South Gujarat, Maharashtra & MP

• Terminal & Berths has been approved by BASF & Shell.

Hazira

• Automated terminal with 97 tanks having a capacity of 0.43 Million KL

• Suitable for Products of varied nature petroleum Class – A / B / C Grades

• Private rail network of 210 km in Mundra, connecting to the Indian Railways network at Adipur

Mundra

Proposed Liquid Terminals (120,000 KL Tank forms) :- Kattupalli (Tamil Nadu) – Expected by 2019-20- Dhamra (Orissa) - Expected by 2021-22- Vizhinjam (Kerala) - Expected by 2021-22

Existing Liquid Terminals

Enabling Infrastructure – Liquid Terminals (POL)

LPG Business-APSEZ

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Enabling Infrastructure – Dhamra LNG Terminal

Project Elements Details

Terminal Capacity Nominal 5mtpa, Peak 6mtpa and expandable to 10mtpa

LNG Plot Area 27 Hectares

Nature of Port All weather port

Storage Tanks 2 tanks of 180,000 mᶾ each

Regasification type Shell & Tube Vaporisers (STV) using ambient air

Jetty compatibility Vessels ranging from 40,000 mᶾ to 265,000 mᶾ capacity

Dredged Depth Minimum 17 metres

Unloading and Evacuation

3 x 20” liquid unloading arms and 1 vapour return arm

ExpectedCommissioning

Oct -2021

Break bulk and Small Scale

Terminal designed to cater to break bulk of LNG, truck loading facilities and re-loading facilities

Dhamra LNG Terminal will be the first LNG Infrastructure on East Coast and will bethe main source of Gas Supply to eastern India.

LPG Business-APSEZ

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Indian LPG Landscape – Demand Supply Projection

*Sources – Crisil report , Secondary research

25.3

32.838.0

42.146.4

49.953.7

2018-19 2022-23 2026-27 2030-31 2034-35 2038-39 2042-43

LPG Demand (In MMTPA) – 25 Years Projection

12.112.9

14.7

17.2 17.2 17.2 17.2

2018-19 2022-23 2026-27 2030-31 2034-35 2038-39 2042-43

Indigenous Supply (In MMTPA) – 25 Years Projection

13.2

19.823.2 24.9

29.132.7

36.5

2018-19 2022-23 2026-27 2030-31 2034-35 2038-39 2042-43

Import Requirement (In MMTPA) – 25 years Projection

Demand surged andcontinue to mature dueto GOI thrust on ‘CleanFuel’

Import will be the majorcontributor to growth volumeas Indi. Production will getflat over a period of time.

LPG Business-APSEZ

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Indian LPG Landscape – Import Infrastructure

LPG Terminals across Indian coastline

*Sources – Secondary researchLPG Business-APSEZ

Existing/ New Proposed LPG Import Terminal

Import Terminal ~Expected Capacity (FY 25) (MTPA) Status

IOC, Kandla 2.5 Expansion Planned

GCPTCL, Dahej 1.5 Expansion Expected

Aegis, Pipavav 0.2 Operational

SHV Porbandar 0.3 Operational

Aegis, Mumbai 0.4 Operational

JNPT 0.8 Operational

Total, Mangalore 0.6 Operational

MLIF, Mangalore 1.8 Operational

IOCL, Kochi 1.5 Under Construction

IPPL, Ennore 1.7 Operational

SHV Tuticorin 0.2 Operational

SALPG, Vizag 1.8 Operational

IOCL, Paradeep 1.5 Under Construction

IPPL, Haldia 2.0 Operational

Aegis, Haldia 1.0 Operational

BPCL, Haldia 1.0 Under Construction

Total 18.7

Adani Mundra 3.6 Under Construction

Adani Dhamra 2.2 Proposed

Grand Total 24.5

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LPG Imports and Logistics Infrastructure - Requirements

Landing cost

Deep Draft

Port

Storages

Dedicated Berth

Cargo Unloading

Rate

Evacuation options

VLGC Vs MGC (Approx. – 800

Rs./MT disadvantage)

• Input –Pressure on ship discharging

• Output – Marketing /logistics for decantation

Demurrage(TCE – 22800 $/Day VLGC as on Jan 19)72.5 Rs./MT for 2

days

Unloading Rate :1. Cryogenic –1000 Kg/Hr2. Pressurized – 250-300 Kg/HrDifferential cost – 150 Rs./MT

Mode%

MovementTariff

(Rs./MT/KM)

Rail 10 1.65

Pipeline 30 3.95

Road 60 5.53

*Sources - Secondary researchLPG Business-APSEZ

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Indian LPG Landscape – Import Infrastructure

*Sources - Secondary research

Efficient world class import infrastructure will play key role to optimize cost.

Sr. No. State Port

Deep Draft

VLGC

Complaint

LPG Priority

berthing

Storage

(>44KT)

Refrigerated

Storage for C3

and C4

Rail

loading

Pipeline

connectivity

1 Gujarat Mundra √ √ √ √ √ √

2 Gujarat Kandla X X X √ √ √

3 Gujarat Dahej √ X X √ X √

4 Maharashtra Mumbai √ X X √ √ X

5 Karnataka Mangalore √ X X X X √

6 Kerala Kochi √ X X √ X √

7 Tamilnadu Ennore √ X X √ X X

8 Andhra Pradesh Vizag √ X √ X √ √

9 Orissa Paradeep √ X √ X X √

10 Orissa Dhamra √ √ X √ √ √

11 West Bengal Haldia X X X √ X √

LPG Business-APSEZ

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Infrastructure Solution – LPG

• Adani is constructing two state of the art LPG terminals

on its strategic west and east coast Ports. The key

feature of these ports are:

• All weather deep draft ports

• VLGC handling

• Largest onshore storage providing supply security

• Connectivity to Cross Country Pipeline, Rail &

Road.

West Coast – Mundra – Gateway to West and

(landlocked)North India

East Coast – Dhamra – Gateway to East India

Mundra

Dhamra

LPG Business-APSEZ

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LPG Terminal – Mundra (West Coast)

LPG Business-APSEZ

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Infrastructure Solution – Mundra LPG Import Terminal

Project Elements Details Additional Remarks

Terminal Capacity 3.6 MMTPA Expandable to 5.2 MMTPA

LPG Plot Area 19.3 Hectares

Nature of Port All weather port

Jetty Exclusive and ability to handleVLGC

Approach length – 300 Mtr

Dredged Draft Depth of minimum-15 Mtrthroughout

Cryogenic Storage Tanks

Propane tank of 25,000 TonButane tank of 25,000 Ton

Can handle expansion volumes

LPG Unloading 2 unloading arms of 16”eachMaximum of 1000 tn/hr

LPG Evacuation 1. Truck Loading Facility ( 8X2bays)2. Mundra Kandla Pipeline 3. Rail Loading facility

Mundra Kandla Pipeline further connected to JLPL and KGPL

Award of first EPC Jan – 2017

ExpectedCommissioning

May – 2019

LPG Business-APSEZ

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Mundra Import Terminal & Mundra Kandla LPG Pipeline – Unique Proposition

LPG Business-APSEZ

• 90 km pipeline connecting MundraTerminal – Jamnagar Loni pipeline at Mithi

Rohar Kandla Gorakhpur Pipeline at

Kandla• Capacity – 6.75 MMTPA• CoD – 2nd QTR, FY 20-21• It will provide connect the source location

to planned and proposed PL for user at minimal costHeads Years Unit Charges

Fixed Charges 1 to 10 Rs./MT 0.01

Variable Charges

1 Rs./MT/km 0.01

2 Rs./MT/km 0.01

3 Rs./MT/km 0.01

4 Rs./MT/km 0.01

5 Rs./MT/km 1.00

6 Rs./MT/km 1.50

7 Rs./MT/km 2.50

8 Rs./MT/km 2.58

9 Rs./MT/km 2.65

10 Rs./MT/km 2.73

Mundra Kandla LPG Pipeline

Mundra Kandla Pipeline (MKPL) connection to JLPL and KGPL, willensure sustainable LPG supply to landlocked northern and centralIndian states at lowest cost.

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Infrastructure Solution – Dhamra LPG Import Terminal

LPG Business-APSEZ

Dhamra Port –

• Strategically located port at east coast of India in Orissa State

• Deep draft port

• Natural shelter in form of Kanika Island

Dhamra LPG Import Terminal –

• 2.2 MMTPA LPG import terminal

• VLGC complied terminal with 365 days operation

• Planned barge berth for re-export

• Commencement of terminal construction – Apr’19

• Project Schedule – 30 months from the date of EPC award.

• Adani Group, now, has in-house capabilities and competencies to build LPG terminals.

Similar Infrastructure can be developed as and when required at Adani Groups other ports i.e. Hazira inGujarat, Katupalli in Tamilnadu etc.

In the times when India is rapidly movingtowards biggest LPG importer, optimizationon import movement, inland transportationand multiple source locations will ensureefficient energy security to country.

• Deep draft VLGC Compliant ports

• Priority berthing to LPG vessels

• Cryogenic C3-C4 storages

• Rail loading facility

• Logistics parks in inland markets

• Connectivity to multiple source locations

Adani Infrastructure – Enabling Cost Effective Imports and Inland Logistics.

Adani Group’s planned terminal will ensure LPG product security at optimized cost to the nation in years to come.

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LPG Business-APSEZ

Adani Commitment – ‘Growth with Goodness’

Thank You

Disclaimer - This document has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this presentation without obtaining specific professional advice. No representationor warranty (express or implied) is given as to the accuracy or completeness of the information contained in this presentation, and, to the extent permitted by law, APSEZ &, its members, employees and agents accept no liability, and disclaim all responsibility. For any furtherclarifications please reach us at abhishek.mishra@adani.com or +919099041339