Adani Power : FY24 (SMART Report)

Social Media Annual Report (SMART)

The 2-minute Annual Report

Adani Group Structure

Portfolio structure

Unleashing growth and nation development with a world-class infrastructure and utility portfolio

Flagship

Infrastructure & Utility Core Portfolio

Incubator

Energy & Utility

Transport & Logistics

AEL

AGEL

AESL

APSEZ

NQXT

Renewables

T&D

Ports & Logistics

(72.61%)

(56.37%)

(73.22%)

(65.89%)

(100%)

ATGL

APL

Gas Discom

IPP

(37.40%)

(71.75%)

	ANIL	AdaniConneX		AAHL	ARTL
	New		Data
Industries		Center	Airports	Roads
(100%)		(50%)		(100%)		(100%)

Primary Industry

Materials, Metal &

Mining

Cement1

(70.33%)

Copper,

Aluminium

(100%)

PVC

(100%)

Specialist

Manufacturing2

(100%)

Mining Services

• Commercial Mining

(100%)

Emerging B2C

Direct to

Consumer

AWL

Food FMCG

(43.94%)

NDTV

(64.71%)

ADL

Digital

(100%)

Listed entity

Unlisted entity

1. Adani family's equity stake in the Adani portfolio companies

1. AEL equity stake

Holdings are as on March 31, 2024, except for cement, in which holding is as on April 30, 2024.

Data center, JV with EdgeConneX, AEL: Adani Enterprises Limited; APSEZ: Adani Ports and Special Economic Zone Limited; AESL: Adani Energy Solutions Limited; APL: Adani Power Limited;

AGEL: Adani Green Energy Limited; AAHL: Adani Airport Holdings Limited; ARTL: Adani Roads Transport Limited; ANIL: Adani New Industries Limited; AWL: Adani Wilmar Limited;

ADL: Adani Digital Labs Private Limited; NDTV: New Delhi Television Limited; PVC: Polyvinyl Chloride; NQXT: North Queensland Export Terminal; ATGL: Adani Total Gas Ltd, JV with

TotalEnergies; T&D: Transmission & Distribution; IPP: Independent Power Producer

1. Cement business includes 70.33% stake in Ambuja Cements Limited which in turn owns 50.05% in ACC Limited, Adani directly owns 6.64% stake in ACC Limited. Ambuja also owns 60.44% stake in Sanghi Industries
2. Includes the manufacturing of Defence and Aerospace Equipment

Adani Power: Our Business

Powering India Reliably, Affordably and Sustainably

Adani Power is India's largest private-sector thermal power producer with an operating and upcoming capacity of 16.85 GW, distinguished for exceptionally efficient and sustainable operations.

We play a pivotal role in driving India's economic growth engine by ensuring reliable, always-available power supply to industrial and residential consumers through strategic investments in large-scale capacity expansion. With our focus on advanced technologies, effective fuel management and logistics capabilities, excellence in plant operations and maintenance (O&M), and environmental consciousness, we consistently set new benchmarks

of all-round excellence. This is exemplified in our industry-leading performance with impressively high availability and superior cost-effectiveness.

Taking our aspiration global, we have successfully commissioned India's first thermal power project with a transnational power supply - the 1,600 MW

ultra-supercritical Godda power plant. Supplying electricity to Bangladesh, this landmark initiative reinforces India's influence on the international stage.

Profile

Adani Power commenced operations in 2009, commissioning its first power plant in Mundra, Gujarat. Dedicated to serving the nation and seizing diverse business opportunities, we have since expanded our portfolio to nine power plants across seven states.

More than 74% of Adani Power's current and upcoming generation portfolio utilises supercritical and ultra-supercritical units, demonstrating our commitment to utilising advanced and efficient technologies. In our pursuit of operational stability and sustainability and addressing the energy needs of various regions, we have secured long-term /medium-term (LT / MT) power purchase agreements (PPAs) for 85% of our capacity and fuel supply contracts for 79% of our domestic coal requirements.

Adani Power: Our Business

Operating Subsidiaries

Subsidiary	Stake	Operational capacity
Mahan Energen Limited	100%	1,200 MW
(formerly Essar Power MP Limited)
Adani Power (Jharkhand) Limited	100%	1,600 MW

Our Reputation of Multiple Pioneering Initiatives

World's largest greenfield TPP portfolio installed during 2008-2013 - 9,240 MW in six years since foraying in the power sector

India's largest private single-locationcoal-based power project - Mundra power plant

World's first coal-based TPP to be granted carbon credits by the United Nations Framework Convention on Climate Change (UNFCCC) - Mundra (Phase-III)

World's second coal-based TPP to be registered for clean development mechanism (CDM) with UNFCCC - Tiroda (Phase-I)

India's first 800 MW Ultra-supercritical power generation unit - 800 MW Godda Unit 1

World's Lowest footprint (on area/MW basis) for a coal-based power plant - 4,620 MW Mundra TPP spread across only 453 hectares

First in the world to develop a methodology for high voltage direct current (HVDC) power transmission lines under CDM and approved by UNFCCC

Longest HVDC system by private player in India - 989 km 500 kV HVDC bipole line with 2,500 MW transmission capacity

India's first transnational TPP supplying all its generation to Bangladesh - 1,600-MWultra-supercritical TPP in Godda, Jharkhand

First in India to set up a Dedicated Rail Over Rail System for Coal Transportation

India's Largest TPP with seawater-basedclosed-cycle induced draft circulation cooling system - Mundra TPP

India's First & Largest

Sea Water based Flue Gas Desulphurisation Plant - Mundra TPP

Highlights

Getting Stronger than Ever Results in a

Stronger-Than-Ever Performance

Financial performance	` 60,281 crore	` 20,829 crore
and value delivery to
Revenue	PAT
shareholders
	40%	94%

` 28,111 crore	0.62x
EBITDA	Net external debt to Equity

96%

Achievements

Performance and Progress

Stronger Than Ever

This is what being stronger than ever means to Adani Power

Being India's largest private sector	That operates the most efficient,	With class-leadingmine-to-plant
independent thermal power producer	sustainable and ultramodern fleet	logistics capability

16,850 MW	72%	60 MMTPA
Power generation capacity (15,250 MW	Supercritical/ultra-supercritical	Coal handling capacity
operational and 1,600 MW under construction)	units out of current capacity
6.3%	79%	13 MMTPA
Share in India's coal+lignite	of domestic fuel-based capacity secured through	Fly Ash handling
based generation capacity	long- and medium-term (LT/MT) contracts	capacity
18.1%	85%

And committed to ambitious and sustainable expansion plans

9,020 MW

Organic and inorganic capacity expansion planned (including 1,600 MW under construction)

Share in India's private sector coal/	Capacity contracted through LT/MT
lignite-based generation capacity	power purchase agreements (PPAs)

Financial Highlights

Strong Financial Performance

Revenue

(` crore)

FY24	60,281
FY23	43,041
FY22	31,686
FY21	28,150
FY20	27,842

PAT

(` crore)

FY24	20,829
FY23	10,727
FY22	4,912
FY21	1,270
FY20	(2,275)

PAT margin

(%)

FY24	35
FY23	25
FY22	16
FY21	5
FY20	(8)

One-time and continuing EBITDA

(` crore)

9,32218,789

FY24		28,111
	5,772	8,540
FY23		14,312
	5,800	7,989
FY22		13,789
3,745	6,852
FY21		10,597
1,285	5,774
FY20		7,059
One time		Continuing

EBITDA margin

(%)

FY24	47
FY23	33
FY22	44
FY21	38
FY20	25

Finance cost (` crore)

FY24	3,388
FY23	3,334
FY22	4,095
FY21	5,106
FY20	5,315

Operational Highlights

Healthy Operational Parameters

Effective capacity (MW)

FY24	15,051
FY23	13,650
FY22	12,450
FY21	12,450
FY20	11,810

Plant load factor

(%)

FY24	65
FY23	48
FY22	52
FY21	59
FY20	67

Commercial availability under LT PPAs

(%)

FY24	90
FY23	90
FY22	83
FY21	89
FY20	91

Sales volume

(Billion Units)

FY24	79
FY23	53
FY22	52
FY21	59
FY20	64

Chairman's Quote

Our ambitions are limitless, just like India's. We see a future where our expertise drives infrastructure revolutions, where our green energy initiatives power a sustainable tomorrow, and where our commitment to upliftment transforms communities.

Gautam Adani

Joint Message from Managing Director and Chief Executive Officer

Anil Sardana

Managing Director

S. B. Khyalia

Chief Executive Officer

FY 2023-24 has been an exceptional year for Adani Power, recording outstanding operational and financial performance, soaring to newer heights and setting newer benchmarks. to meet power demand competitively and reliably.

In a testament to our commitment to excellence, we proudly commissioned the 1,600 MW Godda Ultra-supercritical thermal power plant, marking a historic milestone in pioneering a transnational project.

Looking ahead, the opportunities before us are abundant. We have reinforced our position as a pre-eminent player in the industry with large and efficient capacities, cutting-edge technology, operational excellence and a talented workforce.

Adani Power remains committed to fortifying India's energy security. By leveraging our strengths and capabilities, we are diligently building a more agile, responsive and sustainable enterprise. Adani Power will play an ever-increasing role in fulfilling the nation's power demand while addressing environmental concerns and generating enduring value for our stakeholders.