Adani Ports and Special Economic Zone (ADANIPORTS) AGM 2024 Presentation summary

Opening remarks and agenda

• CEO Ashwani Gupta presented the 25th Annual General Meeting, outlining the group profile, company performance, value creation, and strategic direction towards 2030.

Financial performance review

• Operating revenue rose 28% YoY to ₹26,711 Cr, with operating EBITDA up 24% to ₹15,864 Cr and PAT up 50% to ₹8,104 Cr in FY24.

• Cargo volumes reached 408 MMT, growing 14% CAGR over the last decade, outpacing industry growth.

• Free cash flow increased 324% YoY to ₹5,791 Cr, and net cash flow from operations rose 26% to ₹15,018 Cr.

• Debt ratios remained comfortable, with net debt/EBITDA at 2.3x and average debt maturity at 4.6 years.

• APSEZ stock price outperformed Sensex and Nifty 50 over the last two years.

Board and executive committee updates

• The Board recommended a dividend of ₹6 per share for FY24.