Worldreginfo
Total Page:16
File Type:pdf, Size:1020Kb
WorldReginfo - e59827aa-5172-4508-ad76-1d788ac9f55a Index Corporate Overview 02 About Adani Ports 04 Business Overview 06 Our Reach 08 Key Highlights of FY18 10 Our Sustainability Initiatives 12 Chairman’s Message 14 CEO’s Message 16 Megatrends 18 Our Strategic Priorities 20 Growing with Prudence 22 Growing with Optimism 24 Growing with Efficiency 26 Growing with Financial Acumen 28 Board of Directors Key Highlights of FY18 30 Our Risk Mitigation Strategy Volumes handled PBT 32 People Practices (MMT) (E in crore) 34 APSEZ Sustainability Framework 36 Our Focus on Inclusive Growth 180 5,234 42 Awards and Accolades 7% 25% 44 Corporate Information Rise in container Return on capital Statutory Reports volumes (%) employed (%) 46 Directors’ Report 71 Management Discussion and Analysis 20 14.4 75 Corporate Governance Report Vessels handled Net DEBT/EBITDA 92 Business Responsibility Report Financial Statements 5,410 2.54x 103 Standalone Operating revenue EBITDA 177 Consolidated (E in crore) (E in crore) 267 Notice 11,323 7,062 34% 24% Dividend Policy modified. From FY 19, targetting to pay upto 15% of PAT For further information, log on to www.adaniports.com Compared to FY17 WorldReginfo - e59827aa-5172-4508-ad76-1d788ac9f55a Growth with Goodness. Scale, to us, is not about the size of our operations We have consciously the businesses we are in. in multiple nation-critical extended our scale beyond Scale is about the real sectors, we have been our businesses, to help influence and change we fortunate enough to reach the country overcome can spur. out more and spread this economic challenges; goodness, regardless of to ensure people live It’s about the lives we can the geography. a good quality of life, touch, the communities uninterrupted. We believe we can nourish, the Through courage, and a scale can lead to goodness, businesses we can propel, commitment to give back and this what drives us and the future we can to the society by creating to growth. inspire. Because, scale sustainable business value leads to growth; and with creation, we enable growth consistent growth comes and progress that ends up incredible goodness. With benefitting millions. WorldReginfo - e59827aa-5172-4508-ad76-1d788ac9f55a 2 Adani Ports and Special Economic Zone Limited | Annual Report 2017-18 About Adani Ports India’s largest multi-port operator Adani Ports and Special capable of handling the hectares, the Mundra Economic Hub offers investment options as the Economic Zone Limited largest vessels calling at largest multi-product SEZ, Free Trade (APSEZ) is the largest Indian shores. Our ports and Warehousing Zone (FTWZ) and commercial ports operator are equipped to handle Domestic Industrial Zone. in India contributing to diverse cargos, from dry The Company’s integrated services across three verticals, i.e. Ports, the country’s growing cargo, liquid cargo, crude Logistics and SEZ, has enabled it to trade. Its presence across to containers. forge alliances with leading Indian businesses. Making APSEZ an 10 domestic ports in six Through its subsidiary Adani Logistics undisputed leader in the Indian maritime states – Gujarat, Ltd., APSEZ operates three logistics port sector. parks located at Patli in Haryana, Goa, Kerala, Andhra Kila-Raipur in Punjab and Kishangarh Along with its expertise in providing Pradesh, Tamil Nadu in Rajasthan. With the ability to handle end-to-end logistics solutions, 500,000 twenty foot equivalent units operational excellence, low-cost and Odisha – lend it a (TEUs) annually, the Adani logistics operations and synergies through national presence. The port business is growing at a rapid pace. acquisitions, the Company is backed by a young and dynamic workforce that facilities are equipped with Over the years, APSEZ has evolved propels it to greater heights. the latest cargo-handling into a provider of integrated port infrastructure services, of which the infrastructure which is not Mundra SEZ in Gujarat is a landmark only best-in-class, but also validation. Spanning over 8,000 VALUES Courage Trust Commitment > We shall embrace new > We shall believe in our > We shall stand by our ideas and businesses employees and other promises and adhere to stakeholders high standards of business > Take calculated risks in pursuing new and big > Show faith in the > Be Reliable – ‘Do what business opportunities capability of our you say’ and ‘Say what employees you will do’ > Dare to achieve > Empower our employees > Consistently deliver on > Own up to our decisions to go beyond the call of business goals and targets duty to deliver results > Consistently demonstrate > Encourage employees to high standards of turn disappointments into professionalism learning opportunities > Listen to and include the perspectives of our vendors, investors and other stakeholders WorldReginfo - e59827aa-5172-4508-ad76-1d788ac9f55a CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS 3 VISION To be a world class leader in businesses that enrich lives and contribute to nations in building infrastructure through sustainable value creation. GROUP OVERVIEW APSEZ is promoted by the Adani Group, which has interests across resources (coal mining and trading), logistics (ports, shipping and rail), energy (renewable, thermal power generation and transmission), agricultural commodities and ancillary industries. WorldReginfo - e59827aa-5172-4508-ad76-1d788ac9f55a 4 Adani Ports and Special Economic Zone Limited | Annual Report 2017-18 Business Overview Features > Concession assets in a supportive regulatory environment > Commercially negotiated tariff for private ports > Handling diverse and complex cargo > Deep-water, all-weather, direct berthing facilities > Large-scale mechanisation > Connectivity to national highways and rail networks PORTS > Pan-India end-to-end logistics services provider – asset and service based > Caters to companies across Container, Bulk, Break-bulk, Chemical, Auto and Liquid industries > 20-year Category Container Train Operator License – Fleet of ~20 rakes > Connectivity between gateway ports and origin/destination of cargo > ISO 9001 certified LOGISTICS > Land bank of over 8,000 hectares > Integrated services with ports > Industry clusters development focus > Revenue from upfront premium and recurring annual lease rentals > Monetisation of SEZ land by developing terminals and leasing it to JV Partners SEZ WorldReginfo - e59827aa-5172-4508-ad76-1d788ac9f55a CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS 5 OUR STRENGTHS Scale Speed Operational Efficiency APSEZ is India’s largest APSEZ began its journey first APSEZ handles the largest private sector ports developer from Mundra, currently the and biggest ships that and operator, with a portfolio largest private commercial call on Indian Ports. Our of 10 ports across the vast port in India. During the ports are all-weather deep coast line of India, a logistics last couple of years, APSEZ draught mechanised ports. network and a SEZ. has increased reach across The Company has embraced East, West and South coast technology to enhance of India through organic productivity and believes in and inorganic growth, customer delight. becoming one of the fastest growing port infrastructure companies in the world. WorldReginfo - e59827aa-5172-4508-ad76-1d788ac9f55a 6 Adani Ports and Special Economic Zone Limited | Annual Report 2017-18 Our Reach Kishangarh Dahej Kilaraipur 14 Dhamra MMT Patli 35 MMT Kandla 14 MMT Mundra 242 MMT Mundra is Vizag India’s largest commercial port Mormugao 4 4 MMT MMT Kattupalli Hazira 18 35 Vizhinjam (1) MMT MMT Ennore 12 MMT Multipurpose ports Bulk terminals Container terminals Note: Inland container depots (ICDs) 1. Under construction. WorldReginfo - e59827aa-5172-4508-ad76-1d788ac9f55a CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS 7 At the start of FY18, the total capacity was 335 MMT. During the year, we have added 43 MMT. Total current capacity 378 MMT WorldReginfo - e59827aa-5172-4508-ad76-1d788ac9f55a 8 Adani Ports and Special Economic Zone Limited | Annual Report 2017-18 Our Industry-leading Performance Operational Highlights for FY18 > Cargo volumes at 7% growth outpaced all-India Total vessels handled Total volume handled growth of 4% (Number of vessels) (MMT) > Container volumes crossed 5 Mn TEUs, up by 20% 5,410 180 > Market share increased to 15.2% of all India cargo 5,410 180 169 > Signed new long-term contracts for 7.7 MMT 5,126 152 4,467 144 3,775 > In SEZ, concluded lease agreements of 83 acres for 3,294 113 Britannia and Container Corporation of India FY14 FY15 FY16 FY17 FY18 FY14 FY15 FY16 FY17 FY18 5-year CAGR 13% 5-year CAGR 12% WorldReginfo - e59827aa-5172-4508-ad76-1d788ac9f55a CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS 9 Financial Highlights for FY18 Profit and Loss > PBT up by 25% to ` 5,234 crore > Operating revenue up by 34% to ` 11,323 crore > PAT at ` 3,683 crore translating into an EPS of ` 17.74 > EBITDA up by 24% to ` 7,062 crore > Total EBITDA margin at 62% Revenue EBIDTA PAT* (C in crore) (C in crore) (C in crore) 11,323 7,062 3,683 11,323 7,062 3,920 3,683 5,692 2,914 8,439 4,574 7,109 2,314 3,902 6,152 1,740 4,830 2,919 FY14 FY15 FY16 FY17 FY18 FY14 FY15 FY16 FY17 FY18 FY14 FY15 FY16 FY17 FY18 5-year CAGR 24% 5-year CAGR 25% 5-year CAGR 21% *PAT in FY18 was lower on account of Mundra coming out of tax holiday period from 1st April, 2017. Balance Sheet > Free-cash-flows of ` 1,253 cr generated > ROCE improves to 14.4% from 12.1% > Debt Maturity profile improves to average > Net Debt / EBITDA improves to 2.54x