Investor Presentation Equity Adani Total Gas Limited
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Investor Presentation
Equity
Adani Total Gas Limited
1
ADANI TOTAL GAS LIMITED
Contents
01 ATGL Promoters Profile
a Adani Group
B
b TOTAL Group
02 About Adani Total Gas
03 Sustainability
04 Investment Rationale
Annexure - Operational & Financial
05
Highlights
2
ADANI TOTAL GAS LIMITED
Fight against COVID – Together We can – Appeal By ATGL
“ATGL appeals to all ” to follow Covid Appropriate Behavior (CAB)
Always Wear Maintain Social
Sanitize Hands Get Vaccinated
Mask Distance
All ATGL Employees and Partners are being sensitized to follow Covid Appropriate Behavior and get Vaccinated
3
ADANI TOTAL GAS LIMITED
01
ATGL Promoters Profile
ADANI TOTAL GAS LIMITED 4
01a
About Adani Group
ADANI TOTAL GAS LIMITED 5
Adani Group: A world class infrastructure & utility portfolio
Adani
Transport & Logistics Energy & Utility
• Marked shift from B2B to
Portfolio Portfolio B2C businesses–
• ATGL – Gas distribution
63.7% 100% 75% 56% network to serve key
SRCPL ATL AGEL geographies across India
APSEZ
Port & Logistics Rail T&D Renewables • AEML – Electricity
distribution network
100% 75% 37.4% that powers the
APL ATGL3 financial capital of
NQXT2 India
75% IPP Gas DisCom
• Adani Airports – To
AEL operate, manage and
Incubator develop eight airports in
the country
• Locked in Growth –
• Transport & Logistics -
100% 100% 100% 100% Airports and Roads
AAHL ARTL AWL Data • Energy & Utility –
Airports Roads Water Centre Water and
~USD 96 bn1 Data Centre (to from a
JV with EdgeConneX )
Combined Market Cap
Opportunity identification, development and beneficiation is intrinsic to diversification and growth of the group.
6
1 . As on April 30, 2021, USD/INR – 74 | Note - Percentages denote promoter holding
2. NQXT – North Queensland Export Terminal | Light blue color represent public traded listed verticals
3. ATGL – Adani Total Gas Ltd
Adani Group: Decades long track record of industry best growth rates across sectors
Port Cargo Throughput (MT) Renewable Capacity (GW) Transmission Network (ckm) CGD7 (GAs8 covered)
12% 45%
118%
20%
3x 5x 3x 30%
1.5x
4% 7%
25%
Industry Adani
APSEZ Industry AGELAdani Industry ATL Industry AGL
2014 972 MT 113 MT 2016 46 GW 0.3 GW 2016 320,000 ckm 6,950 ckm 2015 62 GAs 6 GAs
2021 1,246 MT 247 MT 2021 140 GW9 14.8 GW6 2021 441,821 ckm 17,276 ckm 2021 228 GAs 38 GAs
APSEZ AGEL ATL ATGL
Highest Margin among Worlds largest Highest availability India’s Largest private CGD
Peers globally developer among Peers business
EBITDA margin: 70% 1,2 EBITDA margin: 91% 1,4 EBITDA margin: 92%1,3,5 EBITDA margin: 41%1
Next best peer margin: 55% Among the best in Industry Next best peer margin: 89% Among the best in industry
Transformative model driving scale, growth and free cashflow
7
Note: 1 Data for FY21; 2 Margin for ports business only, Excludes forex gains/losses; 3 EBITDA = PBT + Depreciation + Net Finance Costs – Other Income; 4 EBITDA Margin represents EBITDA earned from power supply 5 . Operating
EBITDA margin of transmission business only, does not include distribution business. 6. Contracted & awarded capacity 7. CGD – City Gas distribution GAs 8. Geographical Areas - Including JV | Industry data is from market intelligence
9. This includes 17GW of renewable capacity where PPA has been signed and the capacity is under various stages of implementat ion and 29GW of capacity where PPA is yet to be signed’
Adani Group: Repeatable, robust & proven transformative model of investment
Phase Development Operations Post Operations
Origination Site Development Construction Operation Capital Mgmt
Activity
• Site acquisition • Engineering & design • Redesigning the
• Analysis & market • Life cycle O&M
capital structure of
intelligence • Sourcing & quality planning
• Concessions and the asset
• Viability analysis regulatory agreements levels • Asset Management
• Operational phase
• Equity & debt funding plan
• Strategic value • Investment case funding consistent
development at project with asset life
India’s Largest Longest Private HVDC 6 4 8 MW Ultra Mega Energy Network Operation In FY21 issued a USD 750 mn
Commercial Port Line in Asia Solar Power Plant Center (ENOC) enables international bond with seven
year maturity at APSEZ
Performance
(at Mundra) (Mundra - Mohindergarh) (at Kamuthi, TamilNadu) centralized continuous
monitoring of solar and wind
Constructed and AGEL’s issuance of $1.35Bn
Highest Margin Highest line Commissioned in plants across India on a single
revolving project finance facility
among Peers availability nine months cloud based platform
will fully fund its entire project
pipeline
All listed entities maintain
liquidity cover of 1.2x- 2x as a
matter of policy.
14% 33%
47%
31% 55%
20%
March 2016 March 2020
PSU Pvt. Banks Bonds 8
01b
About Total Group
ADANI TOTAL GAS LIMITED 9
MAJOR ENERGY PLAYER
Total is a major energy player, that produces and markets
fuels, natural gas and low-carbon
electricity.
Our100,000 employees are committed to better
energy that is safer, more affordable, cleaner and accessible
to as many people as possible.
Active in more than 130 countries, our ambition is to
become the responsible energy major.
ADANI TOTAL GAS LIMITEDMEETING A GROWING DEMAND
Our activities span the entire value chain:
ENERGY EFFICIENCY
SERVICES
- from the production of energy
CARBON SINKS
(natural gas, solar and wind power,
oil, biomass),
STORAGE
- through to the transport and
FUEL transformation of energies into
NATURAL
GAS
LOW-CARBON
ELECTRICITY
PETROLEUM
PRODUCTS
LUBRICANTS
intermediate or final goods,
POLYMERS
CHEMICAL BASES
- to the storage and distribution of
products to meet the needs of our
individual and business customers.
POWER PLANTS REFINERIES, PETROCHEMICAL
(CCGT) AND BLENDING PLANTS
We have also been developing businesses
that will help achieve carbon neutrality
LIQUEFIED NATURAL GAS
(LNG)
BIOMASS
through providing energy efficiency
services and investing in carbon sinks
(natural sinks, CCUS).
RENEWABLE
NATURAL GAS ENERGIES OIL
ADANI TOTAL GAS LIMITEDTAKING CLIMATE CHALLENGES INTO ACCOUNT
Becoming the responsible energy major means integrating climate into our strategy and
providing more environmentally friendly energy.
Global energy demand Our objective is to cut the greenhouse gas emissions of our
Mboe/d operations by 15% between 2015 and 2025. Total has the
ambition to get to Net Zero by 2050 together with
300
society for its global business (Scope 1+2+3).
Renewables
4 strategic focuses integrating the climate:
IEA Nuclear n Natural Gas: expanding our presence across the entire chain
Coal
2°C n Low-Carbon Electricity: developing an integrated business on the
scenario*
Oil unregulated portion of the value chain
n Petroleum Products: avoiding expensive oil, reducing our
Natural Gas emissions,and promoting both sparing oil use and sustainable biofuels
2017 2040 n Contributing to Carbon Neutrality through energy efficiency and
* I EA Sustainable Development Scenario
carbon sinks
ADANI TOTAL GAS LIMITEDKEY FIGURES
4.06 bn $
adjusted net income in 2020 -
>35 GW
The world
no. 2 ~2 bn $ 2.9 mboe/day
liquefied natural Capital invested in of production in
production capacity of 2020, of which >
gas operator Renewables and
renewable electricity by 2025 50% natural gas
(LNG) Electricity
6refining
major integrated A global top10 8
More than millon customers
complexes
& petrochemical refiner and petrochemical
manufacturer
15,000
served in our
service stations each day
More than CapitalInvestment
No. 4 LNG sales of 38 4,000 12 Bn $ in2021
lubricant retailer researchers 13-16 Bn$2022-25
in the world MT /y in our 18
R & D centers Renewables&Power>20%
ADANI TOTAL GAS LIMITED02
About Adani Total Gas Limited
ADANI TOTAL GAS LIMITED 14Adani Total Gas Journey so far…
ATGL has undergone transformation in terms of operational scale and will continue to scale up significantly in the
coming decade
Adani Total Gas Limited
• First Domestic Connection • Entered into a strategic Listed Entity
Incorporation of at Ahmedabad 50:50 JV with IOCL • Won & got authorization for 13
the Company • Received Supreme Court • Won & got authorization GAs
Order for Faridabad for 2 GAs as JV • Won & got authorization for 11
GAs in JV with IOCL
2001 2005 2013 2018
2003 2012 2015 2019
• Received State • Got authorization • Won & got • Won & got
NOC for CGD for Khurja authorization Authorization for
Business for for 5 GAs in 2 Gas & 1 GA in
Ahmedabad & JV with IOCL JV with IOCL –
Baroda 10th Round
2021 2020
• Name Change • Supermajor
from AGL to ATGL TOTAL inducted
as a Strategic
Investor 15
ADANI TOTAL GAS LIMITEDAbout Adani Total Gas Limited (ATGL)
ATGL has multipronged presence across Natural Gas Value Chain in India, has a JV with India’s largest downstream PSU
and one of the world’s largest IOCs as a strategic partner in ATGL
Public
37.4% 37.4% 25.2%
Combined
LNG Tanker LNG Terminal 38*
19 Authorized areas 19 Authorized areas
CGD Network
NG
Transportation
Domestic Gas Pipeline Entities
(ONGC, Reliance etc.) (GAIL, GSPC.etc)
50%
CGD Network
Domestic/
Households
Serviced by
Segments
50% Transport
CGD
Industrial
Commercial
* 19 ATGL + 19 IOAGPL Authorized GAs 16
ADANI TOTAL GAS LIMITEDAdani Total Gas Landscape (including JV – IOAGPL )
ATGL has a geographically diversified portfolio in the CGD sector that includes major commercial, industrial and
residential hubs
15 States
GA Spread
71 Districts
8% Population
Largest Private CGD Entity
Only Private CGD Entity Listed on Indian
Stock Exchange
38 Geographical Areas
• * 19 ATGL + 19 IOAGPL Authorized GAs
**IOAGPL – Indian Oil-Adani Gas Pvt. Ltd. – 50-50 JV of
Indian Oil Corporation Limited & Adani Total Gas
One of the Largest private sector CGD player poised to leverage growth opportunity 17
ADANI TOTAL GAS LIMITEDAdani Total Gas – One of the India’s Largest Private City Gas Distribution Company
Commissioned Geographical
Areas
18 Financial Performance - FY21
EBITDA –INR 749 Crs
Number of CNG Stations 217
PAT – INR 472 Crs
Pipeline Network 8000+ Kms ROCE ~ 28%
ROE ~ 27%
Number of Industrial and Total Assets > INR 3200 Cr
Commercial Customers
4950 +
Credit Rating– ICRA AA-
(Stable)
Number of Domestic
Connections
4.8 Lakh +
Human Capital
Avg Volume
(Jan-21 – Mar-21)
1.85 MMSCMD
425 +
One of the Largest private player in India’s City Gas space with over a decade of experience
• Above Numbers is Excluding IOAGPL (JV)
• Commissioned GAs 18 out of Total 19 GAs 18
ADANI TOTAL GAS LIMITEDAdani Total Gas – Automation & Digitization of Customer Facing Processes
Significant growth in the share of Digital Transactions . Currently over 90% of Payment is through Digital Mode
ATGL has adopted a structured − Call Center Digital Initiatives in Progress
and process-driven approach to
ensure best customer − 24*7 Consumer Care To Act as central Monitoring and
Center SCADA
experience for all segments Command centers for all GAs
− Social Media /
Whatsapp Helps in Monitoring and Maintaining of
GIS Pipeline Network
Customer − Mobile App
Centricity : A through To strengthen the safety of operations
Automatic Meter
Well-defined − Chat Bot Reading System
and provide improved services for
Industrial and Commercial Customers
Approach
− Website
My Adani Gas App A digital ecosystem/ platform which helps
(Ph -1 Live , Ph-2 – in collaborating with partners and
− Email Progress) stakeholders
Digitally signed Bills on
− SMS & Missed Call
WhatsApp to All Consumers Emergency Response To manage emergencies like gas escape,
Management System leak or fire, effectively and reduce the
(ERMS): response time
Improve
ATGL works towards Customer consumer ATGL has set a vision to be a Smart and Digital Utility
Experience from the customer’s touchpoints
company with optimal automation to achieve operational
Expectations
excellence.
19
ADANI TOTAL GAS LIMITEDATGL : Project Execution Strategy
The strong experience in successful execution of existing 4 GAs will help ATGL in implementing the targets for the
newly awarded 15 GAs
Minimum Work Program to be achieved by ATGL in 8 Years for the new GAs
Acceleration on segments with high returns and the Minimum Work Program (MWP) requirements
LNG
City Gate Stations
( LCNG + LPNG) Satellite Stations
Primary
STEEL NETWORK (High Pressure) STEEL NETWORK (High Pressure)
Network
Secondary
MDPE NETWORK (Medium Pressure) MDPE NETWORK (Medium Pressure)
Network
Non-MWP Priority Segments ( Low Capex – High Returns ) MWP as per Schedule Plan to be tapped in 8 years
To be tapped in first 48- 60 months More impactful in Brand Building, High Visibility and Early Revenue Flows
*15 GA’s awarded in 9th and 10th BID rounds - 4 Operational GA’s - Total – 19 GA’,
20
ADANI TOTAL GAS LIMITED03
Sustainability
ADANI TOTAL GAS LIMITED 21ATGL : Sustainability
Environmental
• ATGL contribution to reduction of GHG emissions is expected to consistently increase over a period of time due to increasing
adoption of Natural Gas
• ATGL overall is positively working on reducing the carbon footprint in the cities by promoting Natural Gas Vehicles
• As a practice of continuous improvement, carbon emission levels from all operations and projects have been identified
• Promoting use of clean fuel thereby reduction of the significant amount of CO2 emissions
• ATGL to install Solar Rooftops at owned locations (CNG , offices Stores etc). This will help in reduction of grid electricity emission.
Health and Safety
• ATGL practices strict measures and safety proto to ensure industry best safety standards & performance
• Working Towards Zero Harm with focus areas of action
• Compliance to Technical Standards (Design, Operation & Maintenance )
Emergency Management System
ERDMP (Emergency Response & Disaster Management )
Area Emergency Offices – Teams (24*7)
• Accredited by PNGRB approved agency
• Dedicated Area Emergency teams well equipped with
• Detailed ERDMP Plan for each location
all resources to respond to any type of emergency
• Centralized Master Emergency Control Room
ADANI TOTAL GAS LIMITED 22ATGL : Corporate Social Responsibility (CSR)
Adani Foundation’s presence across India Social Initiatives through Adani Foundation1 : Core Areas
Education
Community Health
Sustainable Livelihood
Community Infrastructure
Social Initiatives at ATGL
• ADANI VIDYA MANDIR ➢ ATGL fulfils its socio-economic goals by
partnering with Adani Foundation
• SWACCHAGRAHA
➢ ATGL aims to contribute positively to the
• UDAAN
well-being and upliftment of the people,
• SUPOSHAN
in communities within the areas of
operations
➢ Through ATGL, Adani Foundation is also
ASDC: Adani Skil Development
exploring Biogas plant to provide free
Centre; Swachagraha: a movement
to create a culture of cleanliness energy and will provide 200-400
SuPoshan: A movement to reduce
malnutrition among children sustainable employment
1. Adani Foundation leads various social initiatives at Adani Group
ADANI TOTAL GAS LIMITED 2304
Rationale for Investment
24
ADANI TOTAL GAS LIMITEDAdani TOTAL Gas Limited – Immense Value Creation
FY16 Growth / Increase FY21
Infrastructure Creation
Increase by 152 217
CNG Stations 65
Domestic Connections 0.22 Mn Increase by 0.26 Mn 0. 48 Mn Key Focus on
Steel Network 355 Km Increase by 350 Km 705 Km maintaining Return on
13% Capital Employed and
Peak Volume (MMSCMD) 1.11 CAGR Growth
2.04
profitability ratios to
EBITDA (INR Cr) 288
21%
749 create further value
CAGR Growth
for Shareholders
Return on Capital Employed (%) 24% > 400 bps 28%
Return on Net Worth (%) 14% > 1300 bps 27%
Strong Balance Sheet with Long Term Debt Equity Ratio less than 0.2
25
ADANI TOTAL GAS LIMITEDAdani Total Gas: A Compelling Investment Opportunity
✔ Adani Total Gas is the largest private sector player – well positioned to take advantage of growth in NG sector
✔ Strong Sponsorship of Adani Group and Total Group
✔ Natural gas – clean energy source, expected to be 15% of the India energy mix in the medium term
✔ Unique Business Model, Geographical diversified and balanced customer profile
✔ Project execution capabilities and Cost effective operations & sourcing
Use of best in class technology and people with focus on Health, Safety Environment Sustainability and
✔ Governance
✔ Robust Track record of Financial and Return profile
26
ADANI TOTAL GAS LIMITEDLegal Disclaimer
Certain statements made in this presentation may not be based on historical ATGL assumes no responsibility to publicly amend, modify or revise any forward-
information or facts and may be “forward-looking statements,” including those looking statements, on the basis of any subsequent development, information or
relating to general business plans and strategy of Adani Total Gas Limited events, or otherwise. Unless otherwise stated in this document, the information
(“ATGL”), its future outlook and growth prospects, and future developments in its contained herein is based on management information and estimates. The
businesses and competitive and regulatory environment, and statements which information contained herein is subject to change without notice and past
contain words or phrases such as ‘will’, ‘expected to’, etc., or similar expressions performance is not indicative of future results. ATGL may alter, modify or
or variations of such expressions. Actual results may differ materially from these otherwise change in any manner the content of this presentation, without
forward-looking statements due to a number of factors, including future changes obligation to notify any person of such revision or changes. No person is
or developments in its business, its competitive environment, its ability to authorized to give any information or to make any representation not contained
implement its strategies and initiatives and respond to technological changes in and not consistent with this presentation and, if given or made, such
and political, economic, regulatory and social conditions in India. This information or representation must not be relied upon as having been authorized
presentation does not constitute a prospectus, offering circular or offering by or on behalf of ATGL. This presentation is strictly confidential. This
memorandum or an offer, or a solicitation of any offer, to purchase or sell, any presentation does not constitute an offer or invitation to purchase or subscribe
shares and should not be considered as a recommendation that any investor for any securities in any jurisdiction, including the United States. No part of its
should subscribe for or purchase any of ATGL’s shares. Neither this presentation should form the basis of or be relied upon in connection with any investment
nor any other documentation or information (or any part thereof) delivered or decision or any contract or commitment to purchase or subscribe for any
supplied under or in relation to the shares shall be deemed to constitute an offer securities. None of our securities may be offered or sold in the United States,
of or an invitation by or on behalf of ATGL. ATGL, as such, makes no without registration under the U.S. Securities Act of 1933, as amended, or
representation or warranty, express or implied, as to, and does not accept any pursuant to an exemption from registration therefrom. This presentation is
responsibility or liability with respect to, the fairness, accuracy, completeness or confidential and may not be copied or disseminated, in whole or in part, and in
correctness of any information or opinions contained herein. The information any manner. This presentation contains translations of certain Rupees amounts
contained in this presentation, unless otherwise specified is only current as of into U.S. dollar amounts at specified rates solely for the convenience of the
the date of this presentation. reader.
Investor Relations
Mr. Priyansh Shah
Investor Relations
Priyansh.shah@Adani.com
+91 79 2555 7139
27
ADANI TOTAL GAS LIMITEDAnnexure ADANI TOTAL GAS LIMITED 28
05
ATGL – Operational and Financial Performance
ADANI TOTAL GAS LIMITED 29Fight against COVID at ATGL
• Supply to PNG & CNG customers
24 x 7 • Operations of Area Emergency Offices
• Patrolling of Assets (CGS, DRS, MCR etc)
COVID Safety adherence by all stakeholders
High priority to customers providing essential services
Promoting Digital Payments to reduce Physical Contact
Continued support to industrial customers
Structured Work For Home for employees to reduce risk
Operational Master control room to deal with any Fire & safety emergency
30
ADANI TOTAL GAS LIMITEDATGL : Key Milestone – FY21 ADANI TOTAL GAS LIMITED 31
ATGL : Operational and Financial Highlights – FY21
Operational Highlights
➢ Combined volume of CNG and PNG achieved @ 515 MMSCM vs 582 MMSCM in FY20,
➢ CNG Stations increased to 217, added 102 new CNG stations in FY21
➢ Over 170 Kms of Steel Pipeline laid in FY21
➢ PNG Home Connection increased to 4.78 Lacs (40,939 New Connections added in FY21)
➢ Commercial & Industrial connection now increased to 4,966 , added 500 Customers in FY21
➢ Commissioned 3 City Gate Stations (CGS) in New GAs
Financial Highlights
➢ Revenue from Operations stood at INR 1784 Cr in FY21 vs. INR 1991 Cr in FY20
➢ EBITDA for FY21 has increased by 17% YoY to INR 749 Cr vs. FY20 EBITDA of INR 639 Cr
➢ PBT before exceptional Items for FY21 increased by 18% YoY to INR 646 Cr vs. FY20 PBT of INR 547 Cr
➢ PAT for Q4 FY21 increased by 8% YoY to INR 472 Cr vs.FY20 PAT of INR 436 Cr
ADANI TOTAL GAS LIMITED 32ATGL : Infrastructure Update : FY21
CNG Stations Steel Network in KM
217 705
102 New CNG 535 More than 170
stations Kms (~ 1470 Inch
115
added during –Km) pipeline was
FY21 laid in FY21
FY20 FY21 FY20 FY21
PNG Connections Other Update
Commercial Industrial
No of Household
• Despite Covid, there has been a significant progress in
0.48
0.44 developing Infrastructure across ATGL
1,666
1,480 • Commissioned 3 City Gate Station (CGS) in New GAs
2,986 3,300 • Cumulative MDPE network more than 7400 Kms
• Work in progress for developing L-CNG : L-PNG
FY20 FY21 FY20 FY21
stations in New GAs where there are distant pipelines
Addition of >40000 Addition of 500 Industrial
Domestic Connections in and Commercial Customers
FY21 in FY21
ADANI TOTAL GAS LIMITED 33ATGL – Break up of CNG Stations
CNG Stations
FY20 FY21
12
4
29
27
115 217
176
84
COLO CODO DODO Total COLO CODO DODO Total
• COLO format is the primary engine for faster and early monetization for any GA and also helps in creating Ecosystem faster.
• Company to focus on increasing DODO format going forward
• 90 CNG Stations were commissioned in New GAs (9th and 10th Round) in FY21 and totals to 114 CNG stations
• 12 CNG Stations were commissioned in Existing GAs , totals to 103 CNG stations
ADANI TOTAL GAS LIMITED 34ATGL : Diversified Geographic Spread along with Prudent Gas Sourcing
Prudent Gas Sourcing Strategy and Pricing
Diversified geographic spread
Mechanism
• Government allocates gas for CNG & domestic as
priority sector
Geographic • Gas for other customer segments bought from
Spread
open market
• Multiple Suppliers mitigates dependency on
single entity
• Strategic and Agile Gas Sourcing Function to
respond to immediate market dynamics
• Strategic Choice of Price Index based on the GA
Increase of New GAs volume mix from 4% in Segmentation , customer portfolio & Outlook
FY20 to 10% in FY21
As on March 2021
ADANI TOTAL GAS LIMITED 35ATGL : Resilient Operations Resulting into Strong Financial & Operating Performance
Sales Volume Mix (MMSCMD) EBITDA (INR Cr) & Margin (%)
1.8 1.31 1.48 1.60 1.41 2.00 1000
1.6 1.00 900
1.4 800
0.00 700
1.2 0.8
0.72
0.79 -1.00 600 3 Yr
1 0.63
0.8 -2.00
500 CAGR
400 749
0.6
-3.00 300 639 19%
541
0.4
0.68 0.76 0.8 200 445
0.62 -4.00
0.2 100
0 -5.00 0
FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21
CNG PNG Volume EBITDA
PBT & PAT (INR Cr) ROCE & RONW (%)
3 Yr 34% 27%
29%
CAGR
23% 30%
36% 23% 28%
646 21%
547
436 472
384
259
165
229 3 Yr
CAGR
FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21
42%
PBT PAT ROCE ROE
ADANI TOTAL GAS LIMITED 36Operational & Financial
Highlights – Q4FY21
37
ADANI TOTAL GAS LIMITEDATGL : Operational and Financial Highlights : Q4FY21
Operational Highlights
➢ Combined volume of CNG and PNG achieved @ 166 MMSCM vs 145 MMCM in Q4 FY20
➢ Average Volume in Q4 FY21 increased to 1.85 MMSCMD as compared to average volume of 1.67 MMSCMD in
Q3 FY21 showing recovery of 11% on QoQ basis
➢ CNG Stations increased to 217, 66 New CNG Stations commissioned during the Quarter
➢ PNG Home Connection increased to 4.78 Lacs (21,462 New Connections added in Q4 FY21)
➢ Commercial & Industrial connection now increased to 4,966
Financial Highlights
➢ Revenue from Operations in Q4FY21 stood at INR 614 Cr vs. Q4 FY20 INR 490 Cr
➢ EBITDA for Q4 FY21 has increased by 25% YoY to INR 224 Cr vs. Q4 FY20 EBITDA of INR 180 Cr
➢ PBT before exceptional Items for Q4 FY21 increased by 25% YoY to INR 195 Cr vs. Q4FY20 PBT of INR 156 Cr
➢ PAT for Q4 FY21 increased by 19% YoY to INR 145 Cr vs. Q4 FY20 PAT of INR 122 Cr
38
ADANI TOTAL GAS LIMITEDATGL : Volume – Quarter Wise Performance (1/2) – Q4FY21
Volume Comparison Q4FY20 vs Q4FY21 (MMSCM)
CNG PNG Total
75 91
71 166
75 145
Q4FY20 Q4FY21 Q4FY20 Q4FY21 Q4FY20 Q4FY21
Increased by 7% Increased by 21% Increased by 14%
➢ CNG Volume has increased by 7% Y-o-Y despite continued restrictions . This is mainly on account of recovery due to Covid-19 and
addition of New CNG stations in New GAs
➢ Company added 66 new CNG station in Q4FY21
➢ PNG Volume has increased by 21% Y-o-Y due to addition of New Customers and recovery of Economic Activity
➢ Company added more than 225 customers in Q4FY21
39
ADANI TOTAL GAS LIMITEDATGL : Key Financials – Quarter Wise Performance (2/2) : Q4FY21
All Fig in INR Crs
Revenue EBITDA Y-o-Y Comparison
Increase of Revenue by 25% form INR
25% 614 25% 224
180
490 Crs to 614 Crs .
490
Increase of EBITDA by 25% on account
of
➢ Increase in volume by 14%
Q4FY20 Q4FY21 Q4FY20 Q4FY21 ➢ Cost Optimization have resulted into
lower Operational Expenditure
PBT PAT
145
25% 19% PBT has increased by 25% from INR 156
195 122
Crs to INR 195 Crs
156
PAT has increased by 19% form INR 122
Crs to INR 145 Crs
Q4FY20 Q4FY21 Q4FY20 Q4FY21
40
ADANI TOTAL GAS LIMITEDATGL : Balance Sheet Details
All Fig in INR Crs
Net Fixed Assets (Incl. CWIP) Networth • Increase of 36% in
Fixed Asset (Incl CWIP)
1960 1952 on account
1440 1480 development of New
GAs
• Net worth increased by
32% on account of
increase in growth in
FY20 FY21 FY20 FY21
Profitability
Long Term Debt Cash and Cash Investment (JV) • Long Term Debt
Equivalents
346
366
432 increased by INR 20 Crs
366
• Increase in Cash on
291
account of receipt of
89
ICD in FY21
• Investment in IOAGPL
FY20 FY21 FY20 FY21 FY20 FY21 increased from INR 291
Crs to INR 432 Crs
Strong Balance Sheet with Debt: Equity less than 0.3
41
ADANI TOTAL GAS LIMITEDKey Financials : Income Statement Summary – Standalone
Quarter Ended (INR Cr) Year Ended (INR Cr)
Particulars
31-Mar-21 31-Dec-20 31-Mar-20 31-Mar-21 31-Mar-20
Revenue from Operations 614 522 490 1784 1991
Operating Expenses 333 260 250 858 1176
Administrative & other Expenses 77 49 72 222 220
Total Expenditure 410 310 322 1080 1396
Op.EBITDA 205 213 168 704 595
Other Income 19 9 12 44 44
EBITDA 224 222 180 749 639
Interest Expenses 11 10 10 40 41
Depreciation & Amortization Expenses 17 16 14 63 51
Profit before Tax 195 195 156 646 547
Exceptional Item* (4) 0 0 (14) 0
Total tax expense 46 50 34 159 111
Profit After Tax 145 145 122 472 436
Other Comprehensive Income 0.39 (0.08) (0.31) 0.15 (1.11)
Total Comprehensive Income 145 145 122 472 435
Earning Per Share (INR) 1.32 1.32 1.11 4.29 3.97
* a) During the Quarter ended 31st March 2021 the Company has written off INR 4.48 Crore towards expenditure incurred for a GA that was bid by the Company, pursuant to the order received for
withdrawal of contempt petition from Hon’ble Supreme Court
b) During the quarter ended on 30th Sep 2021 the Company received an order dated 28th August 2020 from the Hon’ble Supreme Court of India with respect to Service Tax liability on gas connection
income pertaining to FY 2008-09.
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