JSW Energy Limited

rs,

change Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sirs, Further to our letter dated 14th July, 2023, please find attached the Results Presentation in conne

225MW

ustainability Business Environment Appendix JSW Energy Q1 FY24 Results Presentation Vijayanagar 225MW Solar Power Plant 3 Q1 FY24 Highlights (1/2) • Overall Net Generation: Up by 14% YoY at 6.7 BUs

14%

Vijayanagar 225MW Solar Power Plant 3 Q1 FY24 Highlights (1/2) • Overall Net Generation: Up by 14% YoY at 6.7 BUs driven by new RE capacities (including Mytrah) and higher generation at Ratnagiri,

35%

at Ratnagiri, partly offset by lower generation at Hydro assets. • Net Renewable Generation: Up by 35% YoY at 2.3 BUs due to RE capacity additions • Net Long Term Generation: Up by 18% YoY driven by hi

18%

eneration: Up by 35% YoY at 2.3 BUs due to RE capacity additions • Net Long Term Generation: Up by 18% YoY driven by higher generation at Ratnagiri (Unit-1) and RE capacity additions Operational Per

14 %

ytrah RE Portfolio Ratnagiri Group Captive SECI X Hydro Barmer Vijayanagar Q1 FY24 Solar Up 14 % YoY Capacity charges to be compensated during the year o o Hydro generation impacted by lower w

₹1,307

merchant sales JSW Energy Q1 FY24 Results Presentation 4 Q1 FY24 Highlights (2/2) • EBITDA at ₹1,307 Cr up 18% YoY resulting in reported PAT of ₹290 Cr and operating cash PAT of ₹792 Cr On a sequentia

₹290

tation 4 Q1 FY24 Highlights (2/2) • EBITDA at ₹1,307 Cr up 18% YoY resulting in reported PAT of ₹290 Cr and operating cash PAT of ₹792 Cr On a sequential basis, EBITDA and PAT increased by 48% and 7%

₹792

) • EBITDA at ₹1,307 Cr up 18% YoY resulting in reported PAT of ₹290 Cr and operating cash PAT of ₹792 Cr On a sequential basis, EBITDA and PAT increased by 48% and 7% respectively • Receivables (excl.

48%

AT of ₹290 Cr and operating cash PAT of ₹792 Cr On a sequential basis, EBITDA and PAT increased by 48% and 7% respectively • Receivables (excl. Mytrah) improved 13% YoY while DSO stood at 58 days; heal

7%

90 Cr and operating cash PAT of ₹792 Cr On a sequential basis, EBITDA and PAT increased by 48% and 7% respectively • Receivables (excl. Mytrah) improved 13% YoY while DSO stood at 58 days; healthy col

13%

l basis, EBITDA and PAT increased by 48% and 7% respectively • Receivables (excl. Mytrah) improved 13% YoY while DSO stood at 58 days; healthy collection trend sustained • Best in class Balance Sheet,

“• Over the medium term, the power sector outlook is healthy, as rapid urbanization and stabilization of various Govt.”

Income

2

Expenses

2

Barmer

1

Climate Change

1

Waste Water

1

Renewable Power

1

Waste

1

Biodiversity

1

Water Resources

1

Investor Relations Contact

1

Barmer

scheduled maintenance, capacity charges to be recovered over the year Lower ST sales in Q1 FY24 o Vijayanagar: lower merchant sales JSW Energy Q1 FY24 Results Presentation 4 Q1 FY24 Highlights (2/2) • EBITDA at ₹1,307 Cr up 18% YoY resulting in reported PAT of ₹290 Cr and operating cash PAT of ₹792 Cr On a sequential basis, EBITDA and PAT increased by 48% and 7% respectively • Receivables (excl. Mytrah) improved 13% YoY while DSO stood at 58 days; healthy collection trend sustained • Best in class Balance Sheet, Net Debt to Equity at 1.2x, Net Debt to (Proforma TTM) EBITDA at 4.7x Cash & Cash Equivalents1 at ₹2,572 Cr • 2.0 GW Wind projects : SECI X project under progress with part CoD received for 130 MW as of Jun’23 and ~150MW currently; WTG foundation & balance of plant works in-progress for SECI IX and Group Captive plant • 240 MW Kutehr HEP: (i) ~96% tunneling completed (92.5% in FY23) (ii) Spiral case commissioning for Unit 2 completed • • Ind-Barath TPP: Unit 1 turbine-generator

Water Resources

Reduce our water consumption per unit of energy produced by 50% Operational Health & Safety Resources Social Sustainability Local Considerations Indigenous People Human Rights Supply Chain Sustainability Employee Wellbeing Air Emissions Business Ethics Cultural Heritage Energy Aligned to National & International Frameworks Governance & Oversight by Sustainability Committee 2 Independent Directors 1 Executive Director Mr. Sunil Goyal Ms. Rupa Devi Singh Mr. Prashant Jain ESG Ratings – best amongst peers CDP* : A- (Leadership Level) Sustainalytics: 23.9 (Medium Risk) FTSE4Good Index constituent Carbon Neutrality by 2050 Committed to set science based targets to keep global warming to 1.5°C under SBTi Integrated Reporting since FY19 JSW Energy Q1 FY24 Results Presentation *based on CDP climate change rating 2022. CDP water security rating 2022 is B (Management). CDP Supplier Engagement rating 2022 is A (Leadership) FY19 FY20 FY21 FY22 FY23 30 Sustainability: Targets and Strategy SD Target

Investor Relations Contact

ir.jswenergy@jsw.in ESG Data Profile: Link 37 Business Environment Mytrah Wind Farm (Maniyachi, Tamilnadu) Indian Economy Real GDP Growth (%) 20.1 3.2 2.8 0.7 2.5 13.5 8.4 5.4 4.1 6.3 4.4 6.1 -6.6 -23.8 9 1 - c e D 0 2 - r a M 0 2 - n u J 0 2 - p e S 0 2 - c e D 1 2 - r a M 1 2 - n u J 1 2 - p e S 1 2 - c e D 2 2 - r a M 2 2 - n u J 2 2 - p e S 2 2 - c e D 3 2 - r a M GST Collection (₹ Lakh Cr) PMI – Manufacturing & Services 2.0 1.8 1.6 1.4 1.2 1.0 0.8 65 60 55 50 45 40 35 30 PMI Manufacturing PMI Service 0 2 - n u J 0 2 - p e S 0 2 - c e D 1 2 - r a M 1 2 - n u J 1 2 - p e S 1 2 - c e D 2 2 - r a M 2 2 - n u J 2 2 - p e S 2 2 - c e D 3 2 - r a M 3 2 - n u J 0 2 - n u J 0 2 - p e S 0 2 - c e D 1 2 - r a M 1 2 - n u J 1 2 - p e S 1 2 - c e D 2 2 - r a M 2 2 - n u J 2 2 - p e S 2 2 - c e D 3 2 - r a M 3 2 - n u J World Bank projects India’s GDP growth at 6.3% for FY24 • India continues to see resilient growth amid headwinds from slowing global growth and trade o o o Real GDP growth for M

Expenses

a) Fuel cost b) Purchase of stock-in-trade c) Employee benefits expense d) Finance costs e) Depreciation and amortisation expenses t) Other expenses Total expenses Profit before exceptional items and tax (1-2) Exceptional item [Refer note 1] Profit before tax (3+4)

Tax expense

- Current tax - Deferred tax Profit for the period/ year (5-6) Other comprehensive income/ (loss) 3 4 5 6 7 8 A 1,484.60 76.84 1,561.44 978.62 8.58 42.24 105.42 71.03 106.69 1,646.64 50.38 1,697.02 1,081.85 70.15 34.10 133,32 76.87 120,08 1,997.35 5,739.23 18.77 2,016.12 279.85 6,019.08 1,198.92 209.27 26.09 30.23 79.58 87.92 3,643.63 354.45 134.73 259.80 317.42 399.44 1,312.58 1,516.37 1,632.01 5,109.47 248.86 - 248.86 44.38 38.48 166.00 180.65 - 180.65 30.50 18.53 131.62 384.11 120.00 504.11 74.82 85.07 344.22 909.61 120.00 1,029.61 156.70 161.89 711.02 (i) Items that will not be reclassified to profit or loss 676.78 (558.15) (1,178.48) (312.56) (ii) Income tax relating to items that will not be reclassified to profit or loss B (i) Items that will be reclassified to profit or loss (ii) Income tax relating to items that will be reclassified to profit or loss Total other comprehensive income/ (loss) [net of tax] for the period / year Total comprehensive income/ (loss) for the period/ y

Notes

1 Exceptional item of~ 120 crore comprises reversal of loss allowance on a loan, recognised in an earlier year, upon recovery during the quarter ended June 30 , 2022. 2 The Code on Social Security, 2020 ("the Code') received presidential assent on September 28 , 2020. However, the date on which the Code will come into effect has not yet been notified. The Company will record any related financial impact of the Code in the books of account, in the period(s) in which the Code becomes effective. 3 The figures for the quarter ended March 31, 2023 is the balancing figure between the audited figure in respect of the full financial year and the published year to date figure up to the third quarter for the relevant financial year which was subjected to limited review by the statutory auditors. 4 The Company has disclosed the segment information in the consolidated financial results and therefore no seperate disclosure on segment information is given in the standalone financial results for the