Suzlon Energy Limited

Rahul Modi

Phone: +91 77380 96775; Email: rahul.modi@icicisecurities.com

Anshuman Ashit

Phone: +91 84518 30601, e-mail: anshuman.ashit@icicisecurities.com

Rushad Kapadia

Phone: +91 22 6807 7334, e-mail: rushad.Kapadia@icicisecurities.com

rs,

of India Limited, “Exchange Plaza”, Bandra-Kurla Complex, Bandra (East), Mumbai-400051. Dear Sirs, Sub.: Suzlon announces Q2 FY23 Results. BSE Limited, P.J. Towers, Dalal Street, Mumbai-400001.

500 GW

nancial Performance Detailed Financials 3 Renewable Energy growth to be driven by Wind & Solar 500 GW of non-fossil fuels energy capacity by 2030 Panchamrit 1 bn tonnes reduction in carbon emi

50%

uels energy capacity by 2030 Panchamrit 1 bn tonnes reduction in carbon emissions by 2030 50% renewables in the energy mix by 2030 45% reduction in emissions intensity of the economy

45%

bn tonnes reduction in carbon emissions by 2030 50% renewables in the energy mix by 2030 45% reduction in emissions intensity of the economy by 2030 Net zero by 2070 Source: Central El

140 GW

ties: Favorable Market Conditions ✓ India’s Renewable Energy target of 500 GW by 2030 out of which 140 GW is Wind. ✓ MNRE has in-principle agreed to discontinue E-reverse auctions for wind power projects

25.4 GW

e auctions for wind power projects ✓ MNRE’s draft policy estimates a Wind re-powering potential of 25.4 GW ✓ New demand from large industries/hard to abate sectors, green fuel producers and e-mobility ✓ A

103 GW

activity gaining momentum with high focus on Hybrid and RTC ✓ Global wind installation for 2021 at 103 GW shows resilience of wind technology ✓ Strong visibility for market size expansion for both wind &

rs 22

mbers in GW) 817 140 280 61 292 44 2030 Wind Solar Hydro 399 40 54 47 Thermal 236 Others 22 2022 Drivers for volume growth GoI Targets till FY 2030: • 500 GW Renewable Capacities • Green Hyd

5 MT

Targets till FY 2030: • 500 GW Renewable Capacities • Green Hydrogen Policy targeting production of 5 MT p.a. • Power supplied to grid from Renewables to reach 40% • Positive impact on policy support and

40%

Hydrogen Policy targeting production of 5 MT p.a. • Power supplied to grid from Renewables to reach 40% • Positive impact on policy support and bidding activity New Business segments: • Increase of coa

19.5 GW

dustry Outlook Suzlon Strengths Financial Performance Detailed Financials 7 Suzlon Strengths 19.5 GW Installed Wind Energy Capacity 17 Countries Presence 5,500+ Global Workforce ~33% Cumulative Ma

33%

trengths 19.5 GW Installed Wind Energy Capacity 17 Countries Presence 5,500+ Global Workforce ~33% Cumulative Market Share in India As on 30th Sept’22 8 Suzlon’s Strengths in Indian Wind Energy

“No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.”

“• No offering of the Company’s securities will be registered under the U.S.”

Universal Access

2

Toll Free Numbers

2

Toll Numbers

2

Diamond Pass registration link

1

New Business segments

1

Enablers for Wind Energy growth

1

Impact of clean energy

1

Email contact for queries

1

Toll Numbers

Singapore +65 31575746 Hong Kong +852 30186877 UK +44 2034785524 USA +1 3233868721 This is for your information as also for the information of your members and the public at large. Thanking you, Yours faithfully, For Suzlon Energy Limited Geetanjali S.Vaidya, Company Secretary. Encl.: As above. is pleased to invite you to the Q2FY23 Results Conference Call of Suzlon Energy Limited Represented by \ Mr. Ashwani Kumar, Chief Executive Officer Mr. Himanshu Mody, Chief Financial Officer on Friday, November 11, 2022 at 09:00 hrs India Time

Diamond Pass registration link

Copy this URL in your browser: Link Mr. Rahul Modi: Phone: +91 77380 96775; Email: rahul.modi@icicisecurities.com Mr. Anshuman Ashit: Phone: +91 84518 30601, e-mail: anshuman.ashit@icicisecurities.com Call Coordinators For any clarification, please contact: Ms. Divya Purohit: Phone: +91 22 6807 7454, e-mail: divya.purohit@icicisecurities.com Mr. Rushad Kapadia: Phone: +91 22 6807 7334, e-mail: rushad.Kapadia@icicisecurities.com Ms. Seema Sehgal: Phone: +91 11 4221 8511, e-mail: seema.sehgal@icicisecurities.com Suzlon Energy Limited Investor Presentation Q2, FY 2022-23 10th November 2022 Disclaimer • • This presentation and the accompanying slides (the “Presentation”), which have been prepared by Suzlon Energy Limited (the “Company”), have been prepared solely for information purposes and DOES not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis of or be relied on in connection with any contract or binding commi

New Business segments

• Increase of coal price and currency volatility – Large industries are investing heavily in renewable • New demand is emerging in big way for Green Fuel Production • C&I segment is gaining strong momentum (Wind is critical for high PLF projects)

Enablers for Wind Energy growth

• Future is of hybrid projects, as most of the customers and utilities prefer higher PLF and scheduled power, reduces LCoE. • Wind Repowering: ~25.4 GW existing capacities would need repowering as per draft policy from MNRE • Wind generation profile and high PLF makes wind energy competitive as compared to solar and hence suitable for RE RTC 6 Strong volume visibility in medium and long-term Source: Central Electricity Authority Industry Outlook Suzlon Strengths Financial Performance Detailed Financials 7 Suzlon Strengths 19.5 GW Installed Wind Energy Capacity 17 Countries Presence 5,500+ Global Workforce ~33% Cumulative Market Share in India As on 30th Sept’22 8 Suzlon’s Strengths in Indian Wind Energy Market No.1 OEM in India’s Renewable Sector End-to-end Service Provider Best-in-class Service Capabilities Pan India Presence Technology Leadership Strong Customer Relationship 27 Years Track Record Strong presence across value chain & customer segments 9 Suzlon’s Global Presence (19.5

Impact of clean energy

= ~ 4.18 Bn trees absorbing CO2 per year =~ 12.72 Mn households powered p.a. = ~ 50.23 Mn tonnes of CO2 emissions prevented p.a. *include WTGs under Technical Service Agreements (TSA) for Spares and Repairs 15 2.2 GW 3.3 GW 0.5 GW 2.1 GW 1.2 GW 1.8 GW 0.03 GW 2.6 GW Wind Order Book Particulars Central Auctions State Auctions Captive/Retail/PSUs Wind Firm Order Book as on Sept 30, 2022 Orders announced post Q2 Capacity (MW) 417.9 56.7 284.6 759.2 193.2 Strong order pipeline under advanced discussion 12 Industry Outlook Suzlon Strengths Financial Performance Detailed Financials 16 Transformation over 30 months… Volume (in MW) 808 Revenue (Rs Crs) 6,520 204 59 271 312 2,933 3,295 2,482 2,808 FY20 FY21 FY22 H1FY22 H1FY23 FY20 FY21 FY22 H1FY22 H1FY23 EBITDA (Rs Crs) Net Debt (Rs Crs) 828 539 392 393 13,003 FY20 FY21 FY22 H1FY22 H1FY23 -423 17 6,373 5,796 2,723 2,139 FY20 FY21 FY22 H1FY23 Post RI* *proforma net debt post repayment from Rights issue proceeds Highlights of Financial Performanc