The performance in FY24 and the past five years signify the

of the Adani Portfolio and the

of its businesses, which despite all external volatilities and headwinds, continue to deliver strong and consistent growth. It also highlights the

that maximises returns and minimises risks.

In FY24, the Adani Portfolio of companies rose to its best, showcasing resilience, strength and stability and delivering a

. With surging cashflows and enhanced credit profiles, the Adani Portfolio is in a ‘

’ position to accelerate growth.

·

Consistently advancing EBITDA increased to

with record

, highest in the history of the Adani Portfolio.

·

Cash Profit of Funds Flow from Operations (FFO) was at

, registering a growth of 51% year-on-year, thanks to its disciplined investment strategy providing high conversion of EBITDA into cash profit.

·

The core infra and utility platform generated

. The

of the platform increased to

, with a fast-growing consumer franchise across airports, electricity distribution, smart metering, gas distribution and direct to consumer digital platform.

·

Total Gross Assets increased by USD 8 Bn or 16% and now stand at USD 57.4 billion.

·

Rising cash profit lowered the net leverage significantly. Net Debt to EBITDA is down from 3.3x at the end of FY23 to

, notably lower than the industry benchmark.

·

Cash reserves of USD 7.2 Bn at the portfolio level was the highest ever, up 48.5% from last year and was at 24.8% of gross debt.

·

Predictable cashflows led to multiple rating upgrades across portfolio companies. Adani Ports and Special Economic Zone became the first largescale Indian infrastructure company to be rated

. Now, three listed portfolio companies — APSEZ, Ambuja Cement and ACC — have the highest INR rating of ‘AAA’. There are two ‘AAA’ rated entities under AESL, namely Alipurduar Transmission and Western Transmission.

·

The Adani Portfolio debt profile represents a balanced exposure to domestic banking, global banking and capital markets. Of the total debt mix, domestic banking exposure stands at 36% and domestic capital markets at 5% whereas 26% is the exposure to the global banking market; the global capital market is at 29% and the balance 4% is with others.

Headquartered in Ahmedabad, the Adani portfolio is the largest and fastest-growing portfolio of diversified businesses in India with interests in logistics (seaports, airports, shipping and rail), resources, power generation and distribution, renewable energy, gas and infrastructure, agro (commodities, edible oil, food products, cold storage and grain silos), public transport infrastructure, defence, and other sectors. Adani owes its success and leadership position to its core philosophy of ‘Nation Building’ and ‘Growth with Goodness’, a guiding principle for sustainable growth. The Portfolio is committed to protecting the environment and improving communities through its CSR programmes based on the principles of sustainability, diversity, and shared values.

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