Adani Ports and Special Economic Zone Limited - Integrated Annual Report 2019-20

CEO’s Message Our ability to continue to grow our market share as well as expand through a strategy of horizontal and vertical integration is dependent on the capabilities that we continue to invest in. These include a mix of foundational, strategic, and core capabilities.” Karan Adani, CEO It's hard to believe that another year has passed so quickly and what a year it has been! The coronavirus pandemic has been a wakeup call exposing the fragility of interconnectedness and global supply chains. Healthcare, education, hospitality, travel and several other industries will all have to find a new normal, and the impact will be sweeping and widespread. The pandemic is fuelling, changes in global alliances, institutions and businesses, requiring a set of totally new equations that will need to be solved. Some businesses will undoubtedly flounder, and some will thrive in the years to come. Also, I am pleased to report that for the first time, we are presenting our ‘Integrated Report’ for FY20 in line with guidelines of the International Integrated Reporting Council. It captures our economic, environmental and social performance and strategy to create long-term value of which we remain confident, even in the face of uncertainty resulting from the pandemic. APSEZ – The Platform Advantage Last year I had written to you that APSEZ has been recognised as one of the world’s top five fastest growing ports and has become the first Indian port operator to record 200 MMT of cargo movement. We had positioned ourselves to ride on the back of sustainable business practices that were put in place, long-term contracts we had executed, continued cargo diversification and strategic tie-ups with several global players. However, today as I talk to our stakeholders, it is evident that the combination of global trade tensions and risk mitigation will lead to companies having to evaluate the cost of risk and force a rethink towards enhancing the resilience of their supply chains. Therefore, while the timing may be hard to Contributing sustainably to India’s growth Dear Stakeholders, 20 Adani Ports and Special Economic Zone Limited