Adani GroupAn update
25 October 2012
Brisbane Mining Club
Today
� India’s Growth Story and Energy Demand
� Adani Group – an Overview
� Adani Group in Australia
25 October 20122Adani Mining Pty Ltd
India’s Growth Story and Energy Demand
25 October 20123Adani Mining Pty Ltd
India : Macroeconomic Scenario – forecast
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India 1980 1990 2000 2010 2020
GDP (USD Trillion) 0.182 0.326 0.480 1.631 5.6*
GDP Growth Rate (CAGR)1981-1990
6.0%1991-2000
3.9%2001-2010
12.8%2011-202013.8%
Rank 12 12 13 9 4
1212
13
109
USA China JapanGermany
Brazil Russia UK France India Italy Canada Spain Australia SouthKorea
Mexico
1980 2,788 202 1,071 826 163 - 542 691 182 461 269 224 165 64 227
1990 5,801 390 3,058 1,547 508 - 1,018 1,249 326 1,136 583 521 328 270 288
2000 9,951 1,198 4,667 1,906 642 260 1,481 1,333 480 1,101 725 582 401 533 672
2010 14,658 5,878 5,459 3,316 2,090 1,465 2,247 2,583 1,538 2,055 1,574 1,410 1,236 1,007 1,039
2016 (E) 18,808 11,220 6,540 3,928 3,303 3,237 3,220 3,211 2,848 2,489 2,063 1,703 1,697 1,586 1,495
-
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
GD
P (
US
D B
illio
n)
India – GDP Evolution in comparison with World Economy Source : Wikipedia / IMF data
3 fold increase from current levelSet to become No. 4
India : Energy Scenario
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Power Generation Rank : 5
Electricity Consumption Per Capita (KWH)Source : 2012 Key World Energy Statistics - IEA
One of the lowest in terms of per capitaconsumption of power
Electricity Generation (Billion KWH) Source : EIA – International Energy Statistics 2010
4,1123,904
1,052 984 904
591
0
500
1000
1500
2000
2500
3000
3500
4000
4500
USA China Japan Russia India Canada
15145
13361
10063
8399
2958 28922384
644
0
2000
4000
6000
8000
10000
12000
14000
16000
Canada USA Australia Japan China World Brazil India
India : Energy Scenario
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0
100
200
300
400
500
600
700
800
2001-02 2006-07 2011-12 2016-17 2021-22 2026-27 2031-32
Peak Power Demand (GW)
6% GDP growth 8% GDP growth 9% GDP growth
Source: IMaCS Research / 17th Electric Power Survey of India Report / The Conference Board : Global Economic Outlook 2012
Likely to experience a steep risein Power demand in the comingyears.
India : Energy Scenario
25 October 20127Adani Mining Pty Ltd
Coal 84%
Gas 15%
Oil 1%
Break up of Thermal Power Generation Capacity
Fuel MW % of Total
Thermal 124,731 65.44
Coal 105,437 55.32
Gas 18,094 9.50
Oil 1,200 0.63
Hydro 38,848 20.38
Nuclear 4,780 2.50
RES** 22,233 11.67
Total 190,593 100
** RES = Renewable Energy SourcesSource : Power Ministry (India) as on 29
thFeb 2012
Total Power Generation Capacity [191 GW]
Thermal65.5%
Hydro20%
RES**12%
Nuclear2.5%
India : Coal Scenario
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Source : Ministry of Coal, India; Planning Commission of India
� Need for supply diversity and stability� No play to create excess supply
Historical Demand-Supply of Coal in IndiaIndia’s Need for Imported Coal : Imports to Increase to Bridge Demand-Supply Gap
Source : CIL; SCCL; Ministry of Coal; India; Planning Commission of India
Coal in FY2017 : Demand ~ 950MMT; Available ~ 740 MMT; Import Requirement ~ 210 MMT
550
598
656696
773
950
490515 524
559580
740
59 73 92137 143
210
0
100
200
300
400
500
600
700
800
900
1000
FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2017
Demand Production Import
MMT
401 416 424 452 470
615
45 49 5051
53
57
4449 50
5657
68
6083
132137
193
210
0
100
200
300
400
500
600
700
800
900
1000
FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2017
CIL SCCL Others Import/Deficit
MMT
Australia as Potential Source for Imported Coal
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• Large reserves of high quality and high energy content
• Possible to achieve economies of scale
• Huge potential for exports as supply could be potentially much higher thaninternal demand
• Sufficient port capacity available to cater to the export market
• Politically Stable; Transparent Government Policies
• Continuous improvements in mining technology, occupational health andsafety and environmental performance ensure efficiency and reliability
• Coal industry supported by a strong equipment and services sector withexpertise in design, construction and operation of mines, transport systemsand loading facilities
Adani GroupAn Overview
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Adani Group – Major Milestones
25 October 2012
Adani Mining Pty Ltd 11
Foundation of Adani Group
� Parsa & Machhakata, India
� Preferred Proponent for Dudgeon Point, Australia
� 1st unit of 330 MW Operationalized at Mundra
� Power IPO; Oversubscribed 26 times
Indonesia (Bunyu) Mining Operation
Adani’s 1st IPO;
Oversubscribed 25 times
� Chendipada Coal Block, India
� Carmichael Coal Mine tenement, Australia
� 1st supercritical unit of 660 MW commissioned at Mundra
1988 1994 2006 2007 2009 2010 20111998
Mundra Port Operational
� Parsa Kente, India
� Mundra Port IPO -Oversubscribed by 116 times
Abbot Point, Australia
Mine Port Power
25 October 2012Adani Mining Pty Ltd 12
• Largest private Port in India
• Largest Coal Import Terminal in the world
• 1st Company in India to own Private Railway & operate double decker container rakes
• Largest Private sector Power Generator in India
• 1st private sector company in India to commission 1000 km high voltage direct current
(HVDC) power transmission system
• Largest importer of Coal in India with consistent market share of over 50%
• Largest Coal mine developer & operator in India with peak capacity of over 110 MTPA
• Largest Edible Oil Company in India in terms of market share
Adani Group – Thinking Big Doing Better
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• 3 listed Companies on Indian Stock Exchanges:
Adani Enterprises Limited, Adani Ports and SEZ Limited & Adani Power Limited
• Annual Turnover of over USD 8 Billion
• Projected investment of USD 25 Billion in next 5 years
• Projected Manpower of 20,000 in next 5 years
• Learning and Development through Adani Management Development Centre, Adani
Institute of Infrastructure Management & Gujarat Adani Institute of Medical Sciences
• Quality Education, Healthcare, Livelihood Development and Rural Infrastructure
Development through Adani Foundation
Adani Group – Thinking Big Doing Better
Integrated Business Model : from Pit to Plug
Vision for future
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Coal Mining &
Coal Trading
Power Generation & Transmission
Ports & Logistics
2012: 4660 MW
2020 : 20000 MW2020 : 200 MMT
2012: 38 MMT
2020 : 200 MMT
2012: 78 MMT
Coal Mining & Trading
Power GenerationPort CargoIntegrated
Business
Model
Adani Group in Australia
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Adani Group in Australia
2009
Dudgeon
Point
Preferred
Proponent
2010
Carmichael
Coal Mine
Acquisition of
Coal Tenement
2011
Abbot Point
Coal Terminal
Acquisition
AUSTRALIAN RESOURCES AND MAJOR EXPORT PORTS
Oil and Gas Basin
Black Coal Basin
Lignite Basins
Uranium Deposit
Coal Production
Coal Export Ports
Operating Uranium
Mines
Canberra
Carmichael Coal Mine• 10 Billion Tonnes thermal coal resource• Capacity to produce 60Mtpa• Construction start 2013; First coal 2015
Rail• Greenfield line from Carmichael Mine to Moranbah (190 km)
• Construction start 2013; Commissioning by 2015
PortsAbbot Point• Existing operational Terminal at Abbot Point is 50 MTPA
• Expanding Abbot Point Terminal to 120 MTPA (35 MTPA capacity addition by 2016)
Dudgeon Point• One of the two preferred proponents for developing Dudgeon Point (180 MTPA between both proponents)
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Adani Group in Australia
Carmichael Mine Details
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Expected Production
• 60 MTPA• Open Cut ramp up in 7 Years
Investment • Mine $4B+• Including supporting Infrastructure
Coal seams • Eight coal seams; AB1, AB2, AB3, D1, D2, D3, E and F
• Gentle slope 2°to 6°• Combined thickness of 25 to 35 Mts
• 5:1 Strip Ratio
Mining Technology
• Project will have 110 CuMDraglines, 63 CuM Shovels / 42 CuM HEX and 360 T trucks
• Coal would be washed / dry separated
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Carmichael Mine – Exploration Progress
2010 2011 2012
Carmichael Mine Project
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Exploration • Completed in Northern Open Cut Area
Mine Plan • Completed for Northern Open Cut Area
Hydrological Model • Completed
Geotech Model • Completed
Coal Quality Model • Completed
Washability Model • Completed
Environmental Impact Statement (EIS) – Mine and Rail
• Submission expected by November’12
Bankable Feasibility Study • Commenced in June’12; Report expected by March’13
Preliminary Engineering • Commenced Preliminary Engineering for Infrastructure, Offsite and Onsite. Expected to be completed by February’13
Land • Purchased Moray Downs property for Mine and Infrastructure
Mining Equipment • Slots booked for Mining Excavators & Trucks (with tyres)• Ancillary equipment will be ordered by November’12
Utilities • Water and Power sources identified
Adani Group in Australia – Rail
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100 MTPA Railway
190 Kms
New Heavy Haul Railway
Rail connectivity:
support Abbot Point and
Dudgeon Point Ports
State of the art
Signalling system for
efficient train operation
Adani Group in Australia – Rail
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Route Selection • Completed and corridor has been defined in May’12
LiDAR Survey • Completed
Geotechnical Investigation • Completed along the corridor, leading to detailed Hydrology modelling
Survey • Detailed ground survey including CHMP, Vegetation, Cadastral, etc. completed
Train Modelling • Completed to confirm cycle time, tonnage, rolling stock requirement, operating cost, etc.
Basic Engineering (+/- 15% estimates)
• Commenced in April’12. Will be completed by December’12
Detailed Design • Commenced
Laydown areas • All laydown areas identified including camp locations, construction depots, maintenance yard, etc.
Rail Accreditation • Received accreditation for Rail Infrastructure Manager and Rail Operational Manager effective 31st July’12
Land • CHMP Agreement signed with all four Native Title groups
Quarry • Permit to search granted by DERM on 31 locations• Site investigations in progress
Adani Group in Australia – Port
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Adani rail line
Bowen
basin
Galilee
basin
Surat basin
Abbot Point
Dudgeon Point
Abbot Point T1:• Status – Operational• Capacity – 50 MTPA• Completely contracted
Abbot Point T0:• Status - Proposed• Capacity – up to 70 MT in 2 stages
Dudgeon Point:• Status – Proposed• Capacity – 90 MT in 3 stages
Source: Map - Presentation at Coaltrans–Australia Conference by Dept. of Transport and Main Roads, Queensland Government, Aug 2012; Adani analysis
Adani Group in Australia – Abbot Point T0
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Public Environment Report (PER) for Dredging
• Submitted in September’12• Approval expected by April’13
Environmental Impact Statement (EIS)
• Submission expected by end of October’12• Approval expected by May’13
Cumulative Impact Assessment Report
• Jointly prepared by the Abbot Point terminaldevelopers
• Has been released for Public Comment in October’12
Offshore Geotech works • Completed in September’12
Onshore Geotech works • Expected by February’13
CHMP and ILUA • Discussions/Negotiations commenced in August’12
• Agreement expected by December’12
Basic Engineering (+/- 15 % estimates)
• Commenced in May’12• Completion expected by December’12
Detailed Engineering • Will commence in November’12
Major Contract and Procurement Packages
• Will be awarded by Q2 2013
Organisational Strategy
Leverage our scale & ambition to
attract future industry leaders
Build a high performance
organisational culture to create a
new industry benchmark
Pursue innovative solutions … unshackled from past practises
Under pinned by sound management practises and strategic risk controls
25 October 201225Adani Mining Pty Ltd
amend, modify or revise any forward looking statements, on the basis of any subsequent development, information or events, or otherwise. Unless otherwise stated in this document, the information contained herein is based on management information and estimates. The information contained herein is subject to change without notice and past performance is not indicative of future results. AEL may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such revision or changes. No person is authorized to give any information or to make any representation not contained in and not consistent with this presentation and, if given or made, such information or representation must not be relied upon as having been authorized by or on behalf of AEL. This presentation is strictly confidential.This presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction, including the United States. No part of its should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. None of our securities may be offered or sold in the United States, without registration under the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from registration therefrom.This presentation is confidential and may not be copied or disseminated, in whole or in part, and in any manner.This presentation contains translations of certain Rupees amounts into U.S. dollar amounts at specified rates solely for the convenience of the reader.
Certain statements made in this presentation may not be based on historical information or facts and may be “forward-looking statements,” including those relating to general business plans and strategy of Adani Enterprises Limited (“AEL”) and Mundra Port and Special Economic Zone Limited (“MPSEZ”) & Adani Power Limited (“APL”), their future outlook and growth prospects, and future developments in their businesses and their competitive and regulatory environment, and statements which contain words or phrases such as ‘will’, ‘expected to’, etc., or similar expressions or variations of such expressions. Actual results may differ materially from these forward-looking statements due to a number of factors, including future changes or developments in their business, their competitive environment, their ability to implement their strategies and initiatives and respond to technological changes and political, economic, regulatory and social conditions in India. This presentation does not constitute a prospectus, offering circular or offering memorandum or an offer, or a solicitation of any offer, to purchase or sell, any shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of AEL’s shares. Neither this presentation nor any other documentation or information (or any part thereof) delivered or supplied under or in relation to the shares shall be deemed to constitute an offer of or an invitation by or on behalf of AEL. AEL, as such, makes no representation or warranty, express or implied, as to, and does not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information or opinions contained herein. The information contained in this presentation, unless otherwise specified is only current as of the date of this presentation. AEL assumes no responsibility to publicly
Legal disclaimer
25 October 201226Adani Mining Pty Ltd
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