Investor Presentaiton
Key Common Assumptions
Interest rate as per prevailing market rate (5%). Interest moratorium of 3 years considered
Corporate tax rate in line with country's tax rate (23%)
Dividends paid to the Holding Co. from year 1 from the profits generated
adani
Ports and
Logistics
After commissioning of Eastern Terminal in 2028, any cash accumulated in HPC is also disbursed to the Holding company
Annual average RoE calculation is after considering a withholding tax of 10%
Base NIS to INR conversion rate assumed at INR 23 per NIS
Annual average depreciation of INR to NIS is 4.75% for the last 10 years, which has been used to calculate the return in INR
Total capex for port business during 2023-28 is estimated at NIS ~1.1 Bn, primarily for construction of Eastern Terminal,
upgradation of Bulk terminal and port modernization
Total capex for real estate business is expected to be ~NIS 0.9 Bn to be phased out over 2023-27
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