Adani Enterprises Limited

rs,

4th May, 2023 BSE Limited P J Towers, Dalal Street, Mumbai – 400001. National Stock Exchange of India Limited Exchange plaza, Bandra-

96%

Annexure “A” Media Release – Adani Enterprises Ltd FY23 Results Consolidated Income increased by 96% to Rs. 1,38,175 cr Consolidated EBIDTA increased by 112% to Rs. 10,025 cr on account of strong

Rs. 1,38,175

e “A” Media Release – Adani Enterprises Ltd FY23 Results Consolidated Income increased by 96% to Rs. 1,38,175 cr Consolidated EBIDTA increased by 112% to Rs. 10,025 cr on account of strong operational perfo

112%

esults Consolidated Income increased by 96% to Rs. 1,38,175 cr Consolidated EBIDTA increased by 112% to Rs. 10,025 cr on account of strong operational performance across businesses Attributable PA

Rs. 10,025

Consolidated Income increased by 96% to Rs. 1,38,175 cr Consolidated EBIDTA increased by 112% to Rs. 10,025 cr on account of strong operational performance across businesses Attributable PAT increased by

218%

cr on account of strong operational performance across businesses Attributable PAT increased by 218% to Rs. 2,473 cr EDITOR’S SYNOPSIS Financial Highlights Q4 FY23 (Consolidated) (YoY Basis): 

Rs. 2,473

count of strong operational performance across businesses Attributable PAT increased by 218% to Rs. 2,473 cr EDITOR’S SYNOPSIS Financial Highlights Q4 FY23 (Consolidated) (YoY Basis):  Total Income i

26%

S SYNOPSIS Financial Highlights Q4 FY23 (Consolidated) (YoY Basis):  Total Income increased by 26% to Rs. 31,716 cr  EBIDTA increased by 157% to Rs. 3,957 cr  Attributable PAT increased by 137%

Rs. 31,716

SIS Financial Highlights Q4 FY23 (Consolidated) (YoY Basis):  Total Income increased by 26% to Rs. 31,716 cr  EBIDTA increased by 157% to Rs. 3,957 cr  Attributable PAT increased by 137% to Rs. 722 cr

157%

onsolidated) (YoY Basis):  Total Income increased by 26% to Rs. 31,716 cr  EBIDTA increased by 157% to Rs. 3,957 cr  Attributable PAT increased by 137% to Rs. 722 cr Business Highlights: Busines

Rs. 3,957

ted) (YoY Basis):  Total Income increased by 26% to Rs. 31,716 cr  EBIDTA increased by 157% to Rs. 3,957 cr  Attributable PAT increased by 137% to Rs. 722 cr Business Highlights: Business Highlights

137%

y 26% to Rs. 31,716 cr  EBIDTA increased by 157% to Rs. 3,957 cr  Attributable PAT increased by 137% to Rs. 722 cr Business Highlights: Business Highlights ANIL Ecosystem  Cell line COD decl

“Our mega-scale infrastructure project execution capabilities and our O&M management skills, which are comparable to the best in the world, are strengths that we continue to derive from the Adani portfolio’s diversity to create reliable long-term value for all our investors.”

“ Update for under construction projects is as below: Project State Model Vijayawada Bypass Nanasa Pidgaon Kodad Khammam Azhiyur Vengalam Badakumari Karki Panagarh Palsit Kagal Satara Ganga Expressway - Budaun Hardoi Ganga Expressway - Hardoi Unnao Ganga Expressway - Unnao Prayagraj Andhra Pradesh Madhya Pradesh Telangana Kerala Odisha West Bengal Maharashtra Uttar Pradesh Uttar Pradesh Uttar Pradesh HAM HAM HAM HAM HAM BOT BOT BOT BOT BOT Completion % 44% 48% 49% 30% 31% 35% 3% 8% 7% 8% 3.”

“AdaniConnex Pvt Ltd (ACX - Data Center)  Update on overall project completion at Data Centers Data Center Chennai Phase-II (Phase-I 17 MW is already operational) Noida Hyderabad Completion % 49% 37% 30% Updates on Established Businesses for Q4 FY23 1.”

“Having 5,500+ distribution networks and 1.6 mn retail outlets EBIDTA (CAGR )1 52.3% 22.3% 20.7% 13.4% 19.4% AGEL: Adani Green Energy Limited; ATL: Adani Transmission Limited; ATGL: Adani Total Gas Limited; APSEZ: Adani Ports and Special Economic Zone Ltd.; AEL: Adani Enterprises Limited; ckm: circuit kilometers; CGD: City gas distribution; MMT: Million metric ton; MW: Mega Watt; mn: million; bn: billion.”

“CAGR: Compounded Annual Growth Rate – 5 Years 10 AEL : Current Incubation Portfolio AEL Portfolio Energy & Utility New Industries (End to end Green H2 chain) Transport & Logistics Consumer businesses Primary Industry Airports Food FMCG1 Mining Industrials Data Center Roads Digital Water Mining Services & IRM Commercial Mining PVC Copper 1.”

“• Project Suposhan undertaken by Adani Wilmar is successfully continuing its operation.”

“✓ Development of ESG related policies, and procedures ✓ Support AEL BUs for developing transition plan to become operational net zero ✓ Capacity Building on ESG for businesses including training ✓ Submit response to key ESG rating agencies such as DJSI and CDP and develop ESG & BRSR Report.”

“✓ ESG target setting and monitoring performance Roles & Responsibilities of BU ESG Team ✓ Create business-level ESG strategy, implementation and monitoring plan.”

Registered Office

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Business Highlights

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New Airlines added

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Note

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Business Highlights

Business Highlights ANIL Ecosystem  Cell line COD declared on 31st March, 2023 for new 2.0 GW plant  Completed upgradation of existing 1.5 GW module line to 2.0 GW with TOPCON Cell Technology and COD declared on 1st April, 2023 AAHL - Airports  Mumbai airport achieves Highest Level 4+ “Transition” of ACA ARTL - Roads  Completed 3 HAM road projects during FY 23 on carbon management maturity  Construction in full swing in remaining 10 projects  3 Border Check Posts made operational during Q4 FY23 in Maharashtra Border Check Post project Operational Highlights (YoY Basis): Business FY23 Q4 FY23 ANIL Ecosystem Modules volume up by 15% to Modules volume up by 4% to 1275 MW 315 MW AAHL – Airports Pax movements up by 103% to Pax movements up by 74% to (Seven Operational) 74.8 Mn 21.4 Mn Primary Industries Production volume up by 7% to Production volume up by 17% to Mining Services 29.7 MMT 10.0 MMT Primary Industries IRM Volume up by 37% to 88.2 MMT Volume up by 20% to 20.5 MMT Adani En

Registered Office

“Adani Corporate House”, Shantigram, Near Vaishno Devi Circle, S.G. Highway, Khodiyar, Ahmedabad 382 421, Phone : 079-26565555 ; Fax : 079-26565500 ; Email : info@adani.com ; Website : www.adanienterprises.com Ahmedabad, May 4, 2023: Adani Enterprises Ltd (AEL), part of the Adani Group, today announced its results for the financial year and quarter ended March 31, 2023 “Once again, Adani Enterprises has lived up to its standing as not only India’s most successful business incubator but also one of the world’s most successful infrastructure foundries,” said Mr Gautam Adani, Chairman, Adani Group. “The past year’s results represent indisputable evidence of the strength and resilience of the Adani Group’s operational and financial performance. These exceptional results also highlight our consistent track record of gestating and building critical infrastructure businesses. Our mega-scale infrastructure project execution capabilities and our O&M management skills, which are comparable to th

Registered Office

“Adani Corporate House”, Shantigram, Near Vaishno Devi Circle, S.G. Highway, Khodiyar, Ahmedabad 382 421, Phone : 079-26565555 ; Fax : 079-26565500 ; Email : info@adani.com ; Website : www.adanienterprises.com 2. Adani Road Transport Ltd (ARTL – Roads)  Construction in full swing across all HAM and BOT projects.  Update for under construction projects is as below: Project State Model Vijayawada Bypass Nanasa Pidgaon Kodad Khammam Azhiyur Vengalam Badakumari Karki Panagarh Palsit Kagal Satara Ganga Expressway - Budaun Hardoi Ganga Expressway - Hardoi Unnao Ganga Expressway - Unnao Prayagraj Andhra Pradesh Madhya Pradesh Telangana Kerala Odisha West Bengal Maharashtra Uttar Pradesh Uttar Pradesh Uttar Pradesh HAM HAM HAM HAM HAM BOT BOT BOT BOT BOT Completion % 44% 48% 49% 30% 31% 35% 3% 8% 7% 8% 3. AdaniConnex Pvt Ltd (ACX - Data Center)  Update on overall project completion at Data Centers Data Center Chennai Phase-II (Phase-I 17 MW is already operational) Noida Hyderabad Completion

Registered Office

“Adani Corporate House”, Shantigram, Near Vaishno Devi Circle, S.G. Highway, Khodiyar, Ahmedabad 382 421, Phone : 079-26565555 ; Fax : 079-26565500 ; Email : info@adani.com ; Website : www.adanienterprises.com Annexure “B” Adani Enterprises Ltd FY23 and Q423 Earnings Presentation AEL: Consolidated Financial Highlights [YoY] FY23 at glance Total Income EBIDTA PAT* 1,38,175 cr 96% Growth 10,025 cr 112% Growth 2,473 cr 218% Growth 1,21,371 cr 86% Growth 16,804 cr 230% Growth 4,982 cr 36% Growth 5,043 cr 375% Growth 2,613 cr 28% Growth (140) cr against (1261) cr Established Incubating Established Incubating Established Incubating Established Business – [Energy & Utility – Adani New Industries Ecosystem, Primary Industries – Mining services & IRM] Incubating Business – [Transport & Logistics – Adani Airports Holdings Ltd, Adani Road Transport Ltd & Energy & Utility – Adani Connex Data Center, Primary Industries – Australia Mining] *PAT attributable to Owners Index Particulars Page No Group

New Airlines added

114 45 39 64 50 6 Domestic International Total Domestic International Total 31 AEL : Upgradation to TOPCon Technology in ANIL Ecosystem 25.5 24.5 23.5 22.5 21.5 20.5 19.5 18.5 21.4 18.6 1 H 8 1 0 2 Cell Efficiency Trend, % 23.8 23.9 23.5 22.5 23.6 22.6 24.2 24.3 23.8 22.8 24 23 24.4 24.2 23.1 24.5 24.3 23.2 24.6 24.4 23.3 24.8 24.7 23.4 25 24.9 23.5 25.2 25.1 25.4 25.3 25.6 25.5 25.8 25.7 23.6 23.6 23.6 23.6 22.9 22.5 21.8 23.2 22.8 21.9 23.5 23 22.2 21.6 18.7 18.7 18.8 18.8 18.8 18.8 18.8 18.8 18.8 2 H 8 1 0 2 1 H 9 1 0 2 2 H 9 1 0 2 1 H 0 2 0 2 2 H 0 2 0 2 Multi 1 H 1 2 0 2 2 H 1 2 0 2 1 H 2 2 0 2 2 H 2 2 0 2 1 H 3 2 0 2 2 H 3 2 0 2 1 H 4 2 0 2 Mono PERC TOPCon 1 H 5 2 0 2 2 H 5 2 0 2 1 H 6 2 0 2 2 H 6 2 0 2 2 H 4 2 0 2 HJT Why TOPCon* • • Cut cell modules are industry favorite as it also increases the module wattage and reduces the year-on-year degradation Increased module wattage than multi cell modules due to: 1. 2. 3. 4. 5. Increased sensitivity to different wavelength of light a

Note

Increase in Efficiency “Eff” and reduction in Wafer thickness will reduce cost of production of manufacturers and simultaneously beneficial for developer as well 33 AEL : ABEX Driving Controllership Adani Business Excellence (ABEX) delivers accounting & compliance services to group companies with an objective of providing assurance of process controls, timely compliance and risk mitigation through standardization, Simplification and automation Transactional Processes BUY 2 PAY ORDER 2 CASH TREASURY Contextual Processes BUY 2 PAY (B2P) Vendor & Employee Invoice & Claim Processing and Payments. ORDER 2 CASH (O2C) Customer Collection & Billing, Ageging analysis & reporting TREASURY (TRM) Loan & Investment accounting, Debt Servicing 99K 42K Vendor Payment (In Rs. Crs) 8 Lacs Sales Invoice Processing 730+ Bank Accounts Reconciliaton INDIRECT TAX DIRECT TAX RECORD 2 REPORT 264 GST Registrations Compliance 116 Tax / TP audits & IT Returns 116 Legal Entity closure each month INDIRECT TAX (IDT)