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.. Emerging Energy & Logistics Conglomerate ..
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3
Notes
1. AEL also has trading activities in power, metals and minerals
2. Reflects economic ownership adjusted for AELs 95% ownership in the real estate subsidiary Adani Infrastructure Developers
Pvt. Ltd.
3. CASF - Controlled Atmospheric Storage Facility
4. MDO - Mine Developer cum Operator
Energy Ports & Logistics Mundra Port & SEZ
(Publicly listed since Nov., 2007)(77.5% holding) (6) (proposed)
Hazira(100% SPV)
Dahej(74% SPV)
Murmugao(74% owned by MPSEZ;
26% owned by AEL)
Logistics(100%holding)
Ship Owning(70.25%holding)(7)
Oil & Gas(65 : 35 JV With Welspun of
Gujarat)
GasDistribution
(100% holding)Real Estate
ShantigramAhmedabad
(71% holding)(2)
BKCMumbai
(95% holding)(2)
KhatauMumbai(5)
(57% holding)(2)
CASF for Fruits &Vegetables (3)
(100% holding)
Grain Silos(100% holding)
Edible Oil & Agri Trading(50:50 JV with WilmarGroup of Singapore)
5. Khatau Makanji Spinning & Weaving Mills property was acquired through BIFR. The property is in Borivali & Byculla - Mumbai
6. The Board of Directors and shareholders of AEL have approved the proposal to merge the promoter entities of Mundra Port and Special
Economic Zone Ltd. with AEL and announced swap ratio on April 24, 2010 ; Application for proposed merger has been filed with HighCourt of Gujarat
7. Reflects AELs ownership through APL which has 70.25% holding in referred ship owning business
Coal Mining(As MDO(4) or Mine owner)
Integrated Coal Management
(AGFZE, Dubai & AGPTE, Singapore)
Power Generation(70.25% holding)
Publicly Listed since Aug 2009
Strong Diversified Portfolio - Way ForwardOne Adani
Bunkering(50:50 JV With Chemoil
Of Singapore)
Ports &Logistics
Energy
Key Strategic
Initiatives
1
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Increasing Focus on Asset-Based Businesses: AELs Strategic Transformation
Building on Trading and DomainExpertise to Develop Portfolio of
Infrastructure Assets
Oil & Gas City gas distribution: 8 Cities Oil & Gas exploration in India and abroad Bunkering
Real Estate Projects under planning in Ahmedabad & Mumbai: c.45 MM sq.
ft.
Agricultural Products 11 fully integrated refineries Controlled Atmospheric Storage Facility (CASF) for fruits and
vegetables Grain silos 550,000 MT capacity in 7 locations
Coal Mining: Coal Mining in Indonesia and India Arrangement to operate and develop coal mines in India
Asset Ownership
Metals & Minerals
Coal
Power
Oil & Petroleum Products
Agro Products
Ports & Logistics Developer and operator of the largest private sector multi-user
port in India Multi-product SEZTrading Business
Power Generation 660 MW operational 9,900 MW under development and implementation 2,640MW under planning Entered into contract for purchase of four newly-built vessels
Coal: Foundation for AELs Strategic Transformation
Creation of integrated player with a diversified portfolio of assets
Significant internal synergies to arise from integration of businesses
Way Forward
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Integrated Presence Across the Value Chain
Coal Mining
Development and operation ofParsa East and Kente Basancoal blocks at Chhattisgarh
Development and operation ofMachhakata coal block at Orissa
LoA for development, miningand transportation of coal fromParsa coal block at Chhattisgarh
Coal mining concessions inBunyu island, Indonesia
Presence across the entireenergy value chain offeringend-to-end solutions inintegrated coal management
Managed c. 28.8 MMT ofthermal coal in FY 2010
Ports andLogistics
Power Generation
and Transmission
Developer and operator of thelargest private sector multi-
user port in India
Developing terminals at Dahejand Hazira, Gujarat and a coalterminal at Mormugao, Goa
Synergy between ports, SEZand logistics, complementing
business
Industrial and growinghinterlands of North, West andCentral India, the key tradingregions
Currently developing powerprojects of 9,900 MW across
India
660 MW already under operation
2,640MW under planning
Operational and planned powertransmission network of 1,619
kms.
Integrated CoalManagement
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Coal Mining & Integrated Coal Management
Ports & Logistics
Power Generation
Key Strategic Initiatives
6
Strong Business Fundamentals
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Highest Demand for Coal Comes from the Power Sector
Well-Positioned to Leverage India Growth Story: Demand for Coal Expected to Increase
Historical Demand-Supply of Coal in IndiaImports Expected to Increase to Bridge
Demand-Supply Gap
549
604
50 5970
507 534
489454
0
150
300
450
600
FY 2008 FY 2009 FY 2010BE
Demand Production Import
521
664
15
15
364
18
104
331
38
41
45
14
51
28
70
0
400
800
1,200
X Plan (FY 2007) XI Plan (FY 2012)E XII Plan (FY 2017)E
CIL Captive Mining SCCL Others Import/Def icit
Source Ministry of Coal Source Ministry of Coal
Coal Demand in FY2017 forecasted at 1,125MMT: Driven by 835MMT from Power, 105MMT from Steel, 50MMT fromCement, 135MMT from other sectors
MMT MMT
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8
Coal: Integrated Business Model Key Growth Driver; AEL Managed c. 28.8 MMT of Thermal Coal in FY 2010
Integrated Coal Management (ICM) End-to-End Solutions
Australia
South Africa
Map not to scale
Multi-CountryProcurement
Arrangement to secure guaranteesand Letter of Commitments to
support trading business
Multi modallogistics
Indonesia
Coal Supplied
Coal Imported
Financing
Coal imported and suppliedin the same States
Coal Supplied
Coal Imported
Coal Supplied
Coal Imported
Focus on Pricing
Reimbursable charges
FOB (index)
Freight (index)
Mark-up
Handling charges
AELs Growing Coal Imports (1)
18.7
10.28.17.7
0
5
10
15
20
FY 2006 FY 2007 FY 2008 FY 2009
Total Non Coking
Coal Imports inIndia (MMT)
MMT
21.7 25.2 27.8 35.0
(1) Source: Based on total imports data as per Ministry of Coal and FY09 from Infraline
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9
Mine Developer Cum Operator: A Utility Business with Stable Cash Flows
Coal mine ownedby the State
Electricity Board(SEB)
MDO
Awards mining contracts based oncompetitive bidding
Agrees to supply coal at SEB power plants at minimum ofbid price or discount to Coal India Ltd. (CIL) price.
Provide end-to-end solutions like coal washing, betterlogistics, land acquisition etc.
Typical MDO Agreement MDO Process Stages
Develop,Plan, Operate
& ManageMining
Operation
Establishmentof Washery
LogisticSolution
EnvironmentClearance
R&R
LandAcquisition
Mining PlanApproval
Investment inMachineries
Mining activitythroughdeployinglatesttechnology
Ensuring thegrade andspecs of coal
to be delivered
Laying railwaysiding from pithead to nearby
connectingcentrepoint
Delivery atthermal powerstation
LandAcquisition
Approvalsand LandAcquisition
MiningOperation
Washery RailwaySiding
AEL has been awarded three MDOs in India namely, Parsa Kente, Machhakata, and Parsa blocks
These pictures are for illustrative purpose only
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Notes:
1 Adani Mining Private Ltd. which is a wholly owned subsidiary of AEL has executed Coal Mining Services Agreement (CMSA) with Para Kente Collieries Ltd.,which is a 74:26 JV between AEL and RRVUNL
2 Executed CMSA for Machhakatta Mine Block with Mahaguj Collieries Ltd. (MGCL)3 Letter of Award (LoA) for Parsa coal block from Chhatisgarh State Power Generation Co. Ltd. (CSPGCL)
4 MGCL Mahaguj Collieries Ltd..
5 RRVUNL Rajasthan Rajya Vidyut Utpadan Nigam Limited
6 CSPGCL Chhattisgarh State Power Generation Company Limited
Parsa - Kente1 Machhakata2 Parsa3
LocationChhattisgarh,
India
Orissa,
India
Chhattisgarh,
India
Beneficiary RRVUNL(5) MGCL(4) CSPGCL(6)
Block Area
(Sq Km)27.67 20.43 12.52
Mineable Reserve
(MM MT)452 1,244 150
Average Grade F Grade F Grade F Grade
Capacity p.a. at peaklevel (MM MT) 15 50 5
Overall Stripping Ratio 5.16 2.44 NA
Expected Commencementof Production June 2011 FY 2013 FY 2013
Coal Mining Operations 70 MM MT p.a. Mining
Machhakata
Parsa - Kente
Locations of IndianCoal Mining Operations
Parsa
10
MDO: Mining, Development and Operations in India
Base Revenues from the mines per MT
Parsa - Kente Year I INR 958.5
Machhakata Coal Block Year I INR 543, II INR 1,161,
III INR 1,262, IV INR 1,296,V INR 1,383
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Coal Mining in Indonesia
1
Bunyu Mine - Indonesia AEL has access to Bunyu
coal mine, Indonesia forcaptive consumption byAdani Power Ltd
3.4 MM Tons of coal
mined till date
Indonesia
Bunyu Island
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Coal Mining & Integrated Coal Management
Ports & Logistics
Power Generation
Key Strategic Initiatives
1
Strong Business Fundamentals
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13
Ports & Logistics
Ports in India: An Overview
About 95% (by volume) of Indias international trade moves through
Ports spread along its coast line, of 7,517 km, comprising of 12 Major
and 187 non major Ports
FY09 Cargo: 733MMT (Major:531MMT, Non Major:202MMT) YoY:
1.4%
Major Ports cargo grew at a CAGR of 7.7% over the last decade
Major ports require capacity expansion to 1,002 mmt by FY12 to cater
to projected cargo
Non major Ports in Gujarat grew at a CAGR of 13.4% since 2004
Share of non major port of India cargo was 26.5% in FY07 and its
share is expected to be 30% of total traffic by FY12
During the Eleventh Plan, non major ports are expected to more than
double their capacity, from 228.3 MMT upwards to 573.5 MMT
MPSEZ, the largest non major port located in Gujarat has grown at
CAGR of 50.8% in last 5 years (2004 - 2009)
Ports in India: High Growth Industry
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Mundra Port & SEZ Ltd.: Ports, SEZ & Logistics
Ports:
Mundra: Indias Largest Private Sector multi-user port
Dahej: Bulk Berths with Sub concession from Petronet LNG Limited (PLL)
Murmugao: Developing coal handling berth at Mormugao port
Hazira: LoI received to develop Multi Cargo terminal
SEZ:
Mundra SEZ: Multi Product SEZ at Mundra
Logistics:
Adani Logistics Ltd: Container Trains, ICDs
14
Mundra
Dahej
Mormugao
Patli
Kishangharh
Hazira
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1
Pipeline Network
Private Operational Railway Lines 57 km (Mundra Adipur) : doubling of railway line in progress.
22 km (Mundra PortPower Plants)
Advantages
Mundra Delhi vis-a -vis Mumbai - Delhi 322 km distance advantage
Mundra Bhatinda vis-a -vis Mumbai - Bhatinda:
With Bhildi Luni; Conversion completed; distance advantage: 392 km
Double stacking on trains from Mundra
HPCL Proposed Crude Pipeline
HPCL Mundra Delhi Product Pipe-Line
IOCL Crude Pipe Line from Mundra to Panipat
Rail Linkages
Ports & Logistics: Hinterland Connectivity
Barmer
Bhatinda
Sidhpur
MundraKandla
Ankleshwar
Koyali
NavaganViramgam
Chaksu
Mathura
DelhiPanipat
Bina
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Terminal 1 & 2 : 8 cargo berths - handling both dry & liquid bulk
Container Terminal 1: Berth: 632 mts, with back-up yard. Cranes Trailer Systems (Managed by Dubai Port)
Container Terminal 2: Berth: 632 mts, with back-up yard. Cranes Trailer Systems. Re- configured to handle auto
exports
Single Point Mooring 1: To handle Very Large Crude Carriers; handles crude for IOCLs Panipat Refinery
Ports & Logistics: Facilities at Mundra Port
16
Mechanised system for cargo handling: Comprehensive Ship Un-loaders Conveyor Systems
Storage: ~ 800,000 sq.mts.; Liquid storage 342,000 KL, Crude Oil 700,000 KL (of IOCL), PoL 300,000 KL (of HPCL)
Marine operations: Fleet of Tugs for 24 x 7 marine operations; Fleet of Dredgers for capital & maintenance dredging
Railway facilities: For bulk & container cargo
Other Facilities
Coal Bulk Terminal (West Port): Berth: 1,125 mtr; Draft: 19 21 mtrs. For handling coal for Tata Power and Adani Power
Single Point Mooring 2: Under Construction by GGSRL, to handle Crude for its Bhatinda Refinery
Facilities Under Construction
Container (4 Berths)
Bulk Berths
Existing Facilities
Coal Bulk Terminal
Single Point Mooring
Auto Exports
Note:
GGSRL Guru Gobind Singh Refineries Ltd.; IOCL Indian Oil Corporation Ltd.: HPCL: Hindustan Petrolium Corporation Ltd.
Mundra Port handled 40.3 mmt cargo in FY10
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18
Adani Logistics Ltd.
License for container train operations across India including all ports
ICDs operational at Patli and Kishangarh (Dhurai)
Synergistic benefits from ICDs at strategic locations, container train operation and port operations
Logistics Value Chain
Adani Petronet (Dahej) Port Pvt. Ltd.
74% held SPV with a sub concession till 2035, to develop solid cargo port
2 berths c.440 mtrs length and mechanized handling
Construction of first berth by July10 and entire facilities by March11
Adani Hazira Port Pvt. Ltd.LoI for 100% SPV to develop multi cargo berths under a sub-concession.
Port Development at Gujarat (Dahej, Hazira) Strategic locations in proximity of good rail and road connectivity
Adani Murmugao Port Terminal Private Ltd.
74% held SPV with a concession till 2039, to develop a berth for coal handling
Signed Concession to operate Coal berth at Mormugao Port
300 mtrs. Berth length with mechanised back up facility
Caters to South Maharashtra and Bellary - Hospet Area
Port Development in Other States (Goa)
Ports & Logistics: New Developments
Patli
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Coal Mining & Integrated Coal Management
Ports & Logistics
Power Generation
Key Strategic Initiatives
19
Strong Business Fundamentals
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High demand-supply deficitin 2009-10
c.14% of peak demand
Main regions affected areWest and North withc.18% and c.15% deficitof the peak capacity
Majority of the capacity withpublic sector but
Government keen to attractprivate participation
20
2 2
1
17
14
11
98 7
66
0
5
10
15
Canad a US Aust ralia Jap an France Germany Russia UK China B razil Ind ia
Leads to Low Per Capita Consumption of Energy
Source IEA, Key World Energy Statistics 2009
Power GenerationDominated by Coal
Source Ministry of Coal
Achievement of Planned Expansion Remains Low Coupled With Low Thermal Plant Load Factor
72.772.2
69.9
69.0
78.6
74.8
73.6
76.8
65
70
75
80
FY 2001 FY 2002 FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008
And Persistent Demand-Supply Deficit
Source Central Electricity Authority
37.239.6
32.1
14
1.8
31.432.6
29.1
12.9
1.4
0
5
10
15
20
25
30
35
40
North West South East NorthEast
GW
Per Capita Electricity Consumption
%
Source White Paper on Strategy for 11th Plan, Central Electricity Authority & Confederation of
Indian Industry
Source Central Electricity Authority
GW
Peak Demand Peak Met
Power Generation: Strong Industry Dynamics
Key Uses of Coal X(FY07) vs. XII(FY17) Plan
1 2
3 4
MW
Region-Wise Power Demand-Supply Position During 2009-10
74%
1%
9%
11%
5%
Power Fertilizer Cement
Steel & Coke Ovens Others
X Plan (FY 2006-07) XII Plan (FY 2016-17)
84%
5%7%
1%3%
22
40 41
20
13
97
41
31
14
10
5521
21
1619
21
72%
82%
50%
64%66%
85%
54%48%
96%
52%
0
10
20
30
40
50
I II III IV V VI VII VIII IX X
0%
20%
40%
60%
80%
100%
%
Targeted Installed % Achieved
5 yr Plan
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Dahej
Power: High Value Underway with Key Milestones Already Achieved
2
Location Map of Power Generation Assets
Under Development:3,300 MW
Under Development:1,320 MW
Kawai August 2013
Commissioned: 660 MW
Under Development:3,960 MW
Planned: 2,640 MW
Under Development:1,320 MW
Chhindwara(1)
Mundra - April 2012 Tiroda July 2013
Land Water Fuel tie up EnvironmentalClearance
Mundra
4,620 MW
(Gujarat)
Tiroda
1,980 MW
(Maharashtra)
Tiroda
1,320 MW
(Maharashtra) *
Kawai
1,320 MW
(Rajasthan) *Terms of
Reference
(ToR)
approved
* Applied for coal linkages Tiroda III (1,320 MW) & Kawai (1,320 MW)Notes:
1 Applications for terms of reference have been made and a notice inviting tenders on an internationalcompetitive bidding basis for carrying out EPC works has been issued
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Project Key Suppliers for BTG
Mundra 1,320 MW
(4 x 330 MW)
Boiler : Babcock & Wilcox
Turbine & Generator (TG) : Beijing Beizhong Steam Generator
Mundra 3,300 MW
(5 x 660 MW)
Boiler : Harbin Boiler Co. Ltd. TG : Dongfang Machinery Co. Ltd.
Tiroda 3,300 MW
(5 x 660 MW)
Boiler, Turbine & Generator: Shanghai Electricals
Kawai 1,320 MW
(2 x 660 MW)
Boiler, Turbine & Generator: Shanghai Electricals
Major Suppliers
22
Growth with Cleaner Energy - Super Critical Technology (11,880 MW out of 13,200 MW)
Mundra Phase III (1,320 MW)
Registered as Clean Development Mechanism (CDM) Project with United Nations Framework
Convention on Climate Change (UNFCCC)
Eligible to receive 1.84 Mil CER p.a. for 10 Yrs from February 2011 onwards
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Long Term Off-take Arrangements
Off-take Arrangements
Notes:
1 GUVNL: Gujarat Urja Vikas Nigam Limited
2 UHBVNL: Uttar Haryana Bijli Vitran Nigam Limited, DHBVNL: Dakshin Haryana Bijli Vitran Nigam Limited
3 MSEDCL: Maharashtra State Electricity Distribution Company Limited
4 JVVNL: Jaipur Vidyut Vitran Nigam Ltd, AVVNL: Ajmer Vidyut Vitran Nigam Ltd, JdVVNL: Jodhpur Vidyut Vitran Nigam Ltd
PPA (MW) Utility DateTariff (Rs. /
unit)
1,000 GUVNL(1) Feb / June 2010 2.81 3.42
1,424
(712 X 2)
UHBVNL &
DHBVNL(2)
Aug 2012 (475)
Feb 2013 (949)2.35 3.26
1,320 MSEDCL(3) Aug 2012 2.55 3.47
1,200
JVVNL,
AVVNL &
JdVVNL(4)
Aug 2013 2.912#
1,200 MSEDCL(3) March 2014 2.902#
6,144 Total contracted capacity
23
# Tariff at PPA signing, consisting escalable component of Rs 0.915 / Kwh for Tiroda & Rs
0.862/ Kwh for Kawai
MW Planned Schedule Cumulative (MW)
M - (2 x 330) 660 MW In Operation 660 MW
M - 330 MW Q2 FY2011 990 MW
M -330 MW Q3 FY2011 1,320 MW
M - 660 MW Q4 FY2011 1,980 MW
M - 660 MW Q1 FY2012 2,640 MW
T - 660 MW Q2 FY2012 3,300 MW
M - 660 MW Q2 FY2012 3,960 MW
M - 660 MW Q3 FY2012 4,620 MW
T - 660 MW Q4 FY2012 5,280 MW
M - 660 MW Q4 FY2012 5,940 MW
T - 660 MW Q4 FY2012 6,600 MW
K 660 MW Q1 FY2014 7,260 MW
T 660 MW Q1 FY2014 7,920 MM
T 660 MW Q2 FY2014 8,580 MW
K 660 MW Q2 FY2014 9,240 MW
Commissioning Plan
M Mundra; T Tiroda; K - Kawai
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Connecting Location
Connecting Sub
StationConfiguration Capacity
Mundra Phase I & II
Mundra Phase III
Dehgam, Gandhinagar
(433 Kms) PGCIL
1 400 KV 1,000 MW
Mundra Phase IV Mohindergarh, Haryana
(986 Kms transmission line under
construction)
Haryana State Utility 500 KV HVDC 2,500 MW
Tiroda Warora, Maharashtra
(200 Kms Kms transmission line under
construction)
MSETCL2 400 KV 1,000 MW
Dedicated Transmission Network
This Transmission line is operational
24
Notes:
1 PGCIL: Power Grid Corporation of India Limited
2 MSETCL: Maharashtra State Electricity Transmission Company Limited
Key Suppliers Mundra Phase IV - Siemens AG
Mundra Phase III & IV - Jyoti Structures Ltd.
Mundra Phase III - Kalpataru Power Transmission Ltd.
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USD million Status
Project Cost
(9,240 MW)9,464 -
Debt
(incl. sub-debt)7,527
Fully Tied Upi) US$ 6,322 MM: Documents executed / Firm sanctions received
ii) US$ 1,205 MM: In principle sanction received
Equity 1,937 Equity raised / Brought in: 1,130
Internal generation: 807
Financial Tie - Up (9,240 MW)
Benefits from SEZ & Mega Power Project Status
Mundra Power Projects SEZ Status
100% Income tax exemption for a consecutive period of 10 years.
Exemption from all indirect taxes - Customs Duty, Excise Duty, CST, Service Tax and DDT
Tiroda Power Project Mega Power Project Status
Exemption from all indirect taxes - Customs Duty, Excise Duty, CST, Service Tax and DDT
100% Income Tax Exemption for a consecutive period of 10 years
MAT Applicable @ 18%
Exchange Rate: 1 USD : INR 46
2
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Coal Mining & Integrated Coal Management
Ports & Logistics
Power Generation
Key Strategic Initiatives
26
Strong Business Fundamentals
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Prime commercial property in Mumbai at International Finance and Business Centre
1.5 MM sq. ft. of development area
Developing a multistorey tower
Bandra-Kurla Complex (BKC) - Mumbai, Maharashtra
60% equity interest
Development area: Borivali 1.2 MM Sq. ft. & Byculla 0.7 MM sq. ft.
Planning to develop residential complex in Borivali and residential cum commercial complex in Byculla
Khatau - Mumbai, Maharashtra
75:25 sharing with Suyojan Realty Pvt. Ltd.
Approximately 42 MM sq. ft. of development area
Residential and commercial units to be constructed
In-principle approval for township license
Shantigram, Integrated Township at Ahmedabad, Gujarat
2
Real Estate Portfolio
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Awarded two onshore blocks through a consortium with majority stake in Nelp VI (Area of 75 Sq. Km at Bharuch andVadodara, Gujarat and area of 95 Sq. Km located at Marghreita, Assam)
Awarded two onshore blocks by Govt. of Thailand with total surface area of 3,975 Sq. Km and 3,947 Sq. Km New off shore block located at northwestern part of the Surat depression of Mumbai Offshore Basin (Area: 1,191 Sq. Km)
A block awarded at Gulf of Suez, Egypt, in partnership with GSPC (60:40) (1)
Awarded two offshore blocks in Kutchchh as a non operator of which the first block is a consortium of AWEL (20%), ONGC(40.0%), IOC (20.0%) and GSPC (20.0%) and another block is a consortium of AWEL (30%), ONGC (40.0%) and IOC
(30.0%) with a total area of 1,264 and 1,242 Sq. Kms respectively
Oil & Gas Exploration (65:35 JV with Welspun Group of Gujarat)
Distributing compressed and piped natural gas in Ahmedabad, Vadodara and Faridabad
Current status: 58 CNG Stations; 75,000 households; 450 industrial and 600 commercial connections. Steel ring networkof c.328 km and PE network of c.1,800 km
Future operations: Khurja, Noida, Lucknow, Jaipur, & Udaipur. NOCs received from respective State Governments
City Gas Distribution
AEL has leased one floating barge, with an approximate capacity of 3,000 metric tons, to refuel vessels
AEL is engaged in importing petroleum products, fuel oil and gas oil
Ship Fuelling (50:50 JV with Chemoil Energy Ltd of Singapore)
Notes:
1. In the block of Egypt AWEL is a non operator & 40% stake owner 28
Energy: Additional Growth Drivers
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Developed an integrated controlled atmosphere storage facility (CASF)
3 locations at Rohru, Sainj & Rewali in Himachal Pradesh (Total storage capacity of 18,000 MT per year)
Agri Product Storage Facilities: Agri Fresh and Agri Logistics
Agri Logistics to develop vertical silos to store grains and bulk movement in top loading / bottom discharge wagons onBOO basis for Food Corporation of India (FCI) over a long term contract of 20 years from 2005
Total storage capacity of 550,000 MT
Grain Silos
50:50 sharing with Wilmar Group of Singapore
Refining capacity of 4,040 tpd; crushing capacity of c.5,750 tpd and hydrogenation capacity of c.575 tpd
Indias leading Edible Oil brand (Fortune)
Our other brands include Raag, Jubilee , Kings, Ivory, Bullet and Avsar
Trader in diversified agro commodities
Manufacturing of Edible Oil & Agro Trading
29
Established Agro Platform
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Financials
30
AEL D li i St d G th i R d M i 1 2
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(INR MM except for EPS)
Notes
1 Exchange rate of US$1 = INR43.47 on 31/03/2007, INR40.12 on 31/03/2008, INR50.73 on 31/03/2009 and INR44.90 on 31/03/2010 from RBI
2 Excluding MPSEZ
3 Including other income
4 Diluted numbers of shares calculated, assuming outstanding FCCB conversion for respective year 3
Consolidated Total Revenues3
3,900 4,897US$ MM 5,178 5,774
259,234262,729
196,487169,532
0
100,000
200,000
300,000
FY 2007 FY 2008 FY 2009 FY 2010
CAGR (2007-2010): 15.2%
EBITDA
109 188US$ MM 200 384
17,225
10,166
7,547
4,744
0
4,000
8,000
12,000
16,000
20,000
FY 2007 FY 2008 FY 2009 FY 2010
CAGR (2007-2010): 53.7%
Profit After Tax
40 92US$ MM 99 205
1,733
3,698
5,047
9,193
0
2,000
4,000
6,000
8,000
10,000
FY 2007 FY 2008 FY 2009 FY 2010
CAGR (2007-2010): 74.4%
Earnings Per Share (Diluted)4
0.17 0.35US$ 0.21 0.41
18.21
10.54
14.12
7.31
0.00
4.00
8.00
12.00
16.00
20.00
FY 2007 FY 2008 FY 2009 FY 2010
CAGR (2007-2010): 35.6%
Net Assets
1,272 2,146US$ MM 3,076 5,654
253,856
156,084
86,115
55,303
0
75,000
150,000
225,000
300,000
FY 2007 FY 2008 FY 2009 FY 2010
CAGR (2007-2010): 66.2%
AEL: Delivering Steady Growth in Revenue and Margins 1,2
INR MMINR MM
INR
INR MM
INR MM
Net-Worth
265 530US$ MM 595 1,345
11,506
21,250
30,189
60,377
0
25,000
50,000
75,000
FY 2007 FY 2008 FY 2009 FY 2010
CAGR (2007-2010): 73.8%INR MM
MPSEZ G th i R d M i 1
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Total Revenues
135 211US$ MM 244 340
15,276
12,395
8,449
5,870
0
4,000
8,000
12,000
16,000
FY 2007 FY 2008 FY 2009 FY 2010
CAGR (2007-2010): 37.6%
EBITDA
74 140US$ MM 202 222
9,98310,247
5,637
3,201
0
3,000
6,000
9,000
12,000
FY 2007 FY 2008 FY 2009 FY 2010
CAGR (2007-2010): 46.1%
Earnings Per Share
0.12 0.13US$ 0.21 0.37
16.81
10.79
5.415.19
0.00
3.00
6.00
9.00
12.00
15.00
18.00
FY 2007 FY 2008 FY 2009 FY 2010
CAGR (2007-2010): 48.0%
Net Assets
642 1,377US$ MM 1,323 1,818
81,599
67,136
55,251
27,901
0
15,000
30,000
45,000
60,000
75,000
90,000
FY 2007 FY 2008 FY 2009 FY 2010
CAGR (2007-2010): 43.0%
Notes
1 Exchange rate of US$1 = INR43.47 on 31/03/2007, INR40.12 on 31/03/2008, INR50.73 on 31/03/2009 and INR44.90 on 31/03/2010 from RBI
MPSEZ: Growth in Revenue and Margins 1
INR MMINR MM
INR INR MM
Profit After Tax
43 52US$ MM 85 151
6,760
4,325
2,1041,872
0
2,000
4,000
6,000
8,000
FY 2007 FY 2008 FY 2009 FY 2010
CAGR (2007-2010): 53.4%INR MM
(INR MM except for EPS)
Net-Worth
172 653US$ MM 577 772
34,637
29,296
26,216
7,493
0
7,000
14,000
21,000
28,000
35,000
FY 2007 FY 2008 FY 2009 FY 2010
CAGR (2007-2010): 66.6%INR MM
Proforma Financials of AEL MPSEZ Consolidated Entity (1) (2)
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INR MM US$ MM(1)
Net-Worth 111,415 2,481
Net Debt 172,088 3,833
Net Assets 359,498 8,007
33
Proforma Financials of AEL-MPSEZ Consolidated Entity (1) (2)
Notes
1 Based on Proforma Financial Statements prepared to include effect of consolidation based on an assumption that proposed merger between the seven promoter entities of Mundra Port &SEZ Limited (MPSEZ) and the Company is effective and MPSEZ becomes a subsidiary of AEL from April 1, 2009
2 Exchange rate of US$1 = INR44.90 on 31/03/2010 from RBI
INR MM US$ MM(1)
Total Revenues 270,857 6,032
EBITDA 26,340 587
PAT 13,333 297
Proforma Select Income Statement Items for the Year Ending March 31, 2010
Proforma Select Balance Sheet Items as on March 31, 2010
Adani Enterprises
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Adani Enterprises
Proven ExecutionCapabilities
Strong BusinessFundamentals
Strong Financials
Experienced andDedicated
Management Team
IntegratedPresence Acrossthe Energy Value
Chain
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For fu rther d etails, please contact:
Adani House, Navrangpura, Ahmedabad - 380 009. India. Website: www.adanigroup.com
3
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