Ref No: APSEZL/SECT/2020-21/177 February 9, 2021 BSE Limited National Stock Exchange of India Limited Floor 25, P J Towers, Exchange plaza, Dalal Street, Bandra-Kurla Complex, Mumbai – 400001 Bandra (E), Mumbai – 400051 Scrip Code: 532921 Scrip Code: ADANIPORTS Sub: Submission of Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine months ended 31st December, 2020 as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir, With reference to above, we hereby submit / inform that: 1. The Board of Directors (“the Board”) at its meeting held on 9th February, 2021, commenced at 12:00 p.m. and concluded at 2:30 p.m. has approved Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and nine months ended 31st December, 2020. 2. The Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and nine months ended 31st December, 2020 prepared in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 together with the Limited Review Report of the Statutory Auditors are enclosed herewith. The results are also being uploaded on the Company’s website at www.adaniports.com. The presentation on operational & financial highlights for the quarter and nine months ended 31st December, 2020 is enclosed herewith and also being uploaded on our website. Adani Ports and Special Economic Zone Ltd Tel +91 79 2656 5555 Adani Corporate House, Shantigram, Fax +91 79 2555 5500 Nr. Vaishno Devi Circle, S. G. Highway, [email protected] Khodiyar, Ahmedabad - 382421 www.adaniports.com Gujarat, India CIN: L63090GJ1998PLC034182 Registered Office: Adani Corporate House, Shantigram, Nr. Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad - 382421, Gujarat, India 3. Press Release dated 9th February, 2021 on the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and nine months ended 31st December, 2020 is enclosed herewith. Kindly take the same on your record. Thanking you, Yours faithfully, For Adani Ports and Special Economic Zone Limited Kamlesh Bhagia Company Secretary Encl: a/a CC: INDIA INTERNATIONAL EXCHANGE (IFSC) LTD 1st Floor, Unit No. 101, The Signature, Building no. 13B, Road 1C, Zone 1, GIFT SEZ, GIFT City, Gandhinagar, Gujarat – 382355 Adani Ports and Special Economic Zone Ltd Tel +91 79 2656 5555 Adani Corporate House, Shantigram, Fax +91 79 2555 5500 Nr. Vaishno Devi Circle, S. G. Highway, [email protected] Khodiyar, Ahmedabad - 382421 www.adaniports.com Gujarat, India CIN: L63090GJ1998PLC034182 Registered Office: Adani Corporate House, Shantigram, Nr. Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad - 382421, Gujarat, India Adani Ports and SEZ Limited Q3 FY21 Contents A Group profile B Company profile C Operational highlights D Financial highlights E ESG, CSR F Outlook G Annexures 2 Adani Group: A world class infrastructure & utility portfolio Adani Transport & Logistics Energy & Utility Portfolio Portfolio • Marked shift from B2B to B2C businesses– 63.5% 100% 75% 55% • ATGL – Gas distribution network to serve key APSEZ SRCPL ATL AGEL geographies across India Port & Logistics Rail T&D Renewables • AEML – Electricity 100% 75% 37.4% distribution network ATGL3 that powers the NQXT2 APL Gas DisCom financial capital of 75% IPP India AEL • Adani Airports – To Incubator operate, manage and develop eight airports in the country • Locked in Growth 2025 – 100% 100% 100% 100% • Transport & Logistics - Airports and Roads AAHL ARTL AWL Data Airports Roads Water Centre • Energy & Utility – ~USD 64 bn1 Water and Data Centre Combined Market Cap Opportunity identification, development and beneficiation is intrinsic to diversification and growth of the group. 1 . As on Feb 05, 2021, USD/INR – 73 | 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 3 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) 161% 45% 12% 21% 2.5x 6x 3x 30% 1.5x 5% 7% 25% Industry APSEZAdani 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 2020 1,339 MT 223 MT 2020 114 GW 14.2 GW6 2020 423,000 ckm 14,837 ckm 2020 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:89%1,4 EBITDA margin: 92%1,3,5 EBITDA margin: 31%1 Next best peer margin: 55% Next best peer margin: 53% Next best peer margin: 89% Among the best in industry Transformative model driving scale, growth and free cashflow Note: 1 Data for FY20; 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 sales and exclude other items; 5 . Operational EBITDA margin of transmission business only, does not include distribution business. 6. Contracted & awarded capacity 7. CGD – City Gas distribution 8. Geographical Areas - Including JV 4 Adani Group: Repeatable, robust & proven transformative model of investment Phase Development Operations Post Operations Origination Site Development Construction Operation Capital Mgmt • Redesigning the • Analysis & market • Site acquisition • Engineering & design • Life cycle O&M capital structure of intelligence planning • Concessions and • Sourcing & quality the asset regulatory agreements levels • Asset Management • Viability analysis • Operational phase Activity plan • Strategic value • Investment case • Equity & debt funding funding consistent development at project with asset life India’s Largest Longest Private HVDC Largest Single Location 648 MW Ultra Mega In FY20 issued seven Commercial Port Line in Asia Private Thermal IPP Solar Power Plant international bonds across the (at Mundra) (Mundra - Mohindergarh) (at Mundra) (at Kamuthi, TamilNadu) yield curve totalling~USD4Bn Constructed and Highest Margin Highest line High declared Commissioned in All listed entities maintain among Peers availability capacity of 89%1 nine months liquidity cover of 1.2x- 2x as a matter of policy. Performance 14% 47% 33% 31% 55% 20% March 2016 March 2020 PSU Pvt. Banks Bonds 1. FY20 data for commercial availability declared under long term power purchase agreements; 5 APSEZ : Transformational journey Industry Business • 2.5x growth compared to market achieved without • From a single port single commodity to an integrated dilution in equity. logistics platform. • Growing responsibly with a sustainable approach. • 90% of economic hinterland coverage. • Integrated logistics solution to customers through a • Business transformation from a port operator to a single window mechanism. transport and logistics utility. • Driving efficiency through introducing mechanization at • Strategic partnerships to unlock value. large scale. O & M ESG • Digitization of the platform through technology solutions • Formation of Corporate Responsibility committee (e.g. remote operating nerve center) • Independent board • Out performed market by providing best in class • Risk management through application of COSO(2) efficiency - TAT of Mundra is better by 3x that of its principles peers (1) • Achieving COP21 targets by 2025 • In sourced operations (e.g. in house dredging and marine operations) leading to efficiency and cost reduction. • Disclosures as per CDP, TCFD and SBTi. Double digit CAGR in cargo volume in last ten years and 38% CAGR of non Mundra ports in last six years (1) Average Turnaround Time (TAT) for Mundra is 0.56 days in FY20 vs 1.95 days for Major Ports in FY19 6 (2) COSO – Committee of sponsoring organizations Company Profile APSEZ : Largest private transport utility APSEZ – Dhamra Port PortsPorts One to twelve in One to ten in Import - Export - Steel twentytwenty years years Coking coal (HRC/CRC) 2x Port income String of Ports Ports of Prosperity 2x Port gate to Warehousing Warehousing SEZSEZ customer gate Warehousing 12k+* Ha of income ~10k+ Ha of land model intertwined Land Bank bank to customer’s supply chain. 2x Rail Rail - GPWIS income Rail - GPWIS Integrated Logistics (CTO to IWW & AFS an organic evolution) Customer – Tata Steel Plant An integrated approach through Ports, SEZ and Logistics creating a multiplier effect 8 * Includes both SEZ and non SEZ land APSEZ : Largest private transport utility – Presence across Ports, Logistics and SEZ West Coast East Coast FY06 FY21 Capacity 327 MMT Capacity 163 MMT Port * Dahej Moga Kanech 1 12 14 Kilaraipur MMT Kotkapura Dhamora Capacity Tuna Patli 10 MMT 490 MMT 14 Kannauj MMT Samastipur and Darbhanga Kishangarh FY07 FY21 Mundra Vidisha Katihar Harda MMT 264 Hoshangabad Satna Dahod Kolkata Ujjain Dewas 1 Logistics Park Nagpur Dhamra 5 Taloja Hazira 45 MMT Borivali 30 MMT Vizag Trains Mundra - 6 60 India’s Largest 6 MMT Commercial Krishnapatnam Container Terminals Port by 64 MMT Bulk Terminals Volume Multipurpose Ports Kattupalli Malur Silos MMT Mormugao 18 CFS/EXIM Yard • Total land bank of ~12k Hectare 5 MMT Logistics Park Coimbatore Ennore • Bringing customer inside Port gate MMT Logistics Park Vizhinjam 12 under construction 18 MMT Silos under • Twin advantage of availability of large contiguous land and construction multi modal connectivity as created by ports.