Adani Power Limited

rs,

3rd November 2023 To, BSE Limited P J Towers, Dalal Street, Mumbai – 400 001. National Stock Exchange of India Limited Exchange plaza, Bandra

44%

lights for Q2 FY 2023-24 Recurring Revenue Growth Recurring EBITDA Growth Recurring PBT Growth +44% +85% +250% INR Crores 12,155 4,336 2,443 8,446 2,350 699 Reported Revenue in Q2 FY23 Con

85%

for Q2 FY 2023-24 Recurring Revenue Growth Recurring EBITDA Growth Recurring PBT Growth +44% +85% +250% INR Crores 12,155 4,336 2,443 8,446 2,350 699 Reported Revenue in Q2 FY23 Continuin

250%

2 FY 2023-24 Recurring Revenue Growth Recurring EBITDA Growth Recurring PBT Growth +44% +85% +250% INR Crores 12,155 4,336 2,443 8,446 2,350 699 Reported Revenue in Q2 FY23 Continuing Reven

87%

lights for Q2 FY 2023-24 Commercial Availability under PPAs (%) Generation Performance (PLF %) 87% 82% 89% 89% 58% 59% 49% 39% Despatch Performance (BU) +65% +30% Sales Mix (%) Merchant

82%

s for Q2 FY 2023-24 Commercial Availability under PPAs (%) Generation Performance (PLF %) 87% 82% 89% 89% 58% 59% 49% 39% Despatch Performance (BU) +65% +30% Sales Mix (%) Merchant / Sh

89%

Q2 FY 2023-24 Commercial Availability under PPAs (%) Generation Performance (PLF %) 87% 82% 89% 89% 58% 59% 49% 39% Despatch Performance (BU) +65% +30% Sales Mix (%) Merchant / Short T

58%

3-24 Commercial Availability under PPAs (%) Generation Performance (PLF %) 87% 82% 89% 89% 58% 59% 49% 39% Despatch Performance (BU) +65% +30% Sales Mix (%) Merchant / Short Term Contr

59%

Commercial Availability under PPAs (%) Generation Performance (PLF %) 87% 82% 89% 89% 58% 59% 49% 39% Despatch Performance (BU) +65% +30% Sales Mix (%) Merchant / Short Term Contracted

49%

ercial Availability under PPAs (%) Generation Performance (PLF %) 87% 82% 89% 89% 58% 59% 49% 39% Despatch Performance (BU) +65% +30% Sales Mix (%) Merchant / Short Term Contracted (PPA

39%

l Availability under PPAs (%) Generation Performance (PLF %) 87% 82% 89% 89% 58% 59% 49% 39% Despatch Performance (BU) +65% +30% Sales Mix (%) Merchant / Short Term Contracted (PPA) 14

65%

neration Performance (PLF %) 87% 82% 89% 89% 58% 59% 49% 39% Despatch Performance (BU) +65% +30% Sales Mix (%) Merchant / Short Term Contracted (PPA) 14% 17% 17% 18% 35.6 27.3 18

“The Godda project was commissioned during Q1 FY24.”

“26 Deleveraging of balance sheet and stronger net worth Senior Debt / Equity Ratio (times) 6.51 4.67 3.24 2.21 ▪ Significant reduction in senior debt through prepayment as well as regular repayments despite acquisitions and addition of project debt for the Godda plant.”

“✓ The water intensity performance of APL is 2.35 m3/MWh for FY 22-23 which is 39% lower than statutory limit for hinterland plants (3.50 m3/MWh) & 6% lower than stretched internal target of 2.50 m3/MWh.”

“▪ ▪ Proven track record in project execution and rapid turnaround of acquisitions.”

Solid fuel and fly ash

1

Solid fuel and fly ash

Sourcing and disposal logistics management High quality manpower development and knowledge dissemination Value creation out of waste products Ultra-modern fleet with strong growth pipeline Embedded logistics function among India’s largest Critical spares and vendor development Strengthening of local industrial base Reliable and efficient power supplier on growth path built on core strengths 11 APL: Strategically located, diversified operating fleet Udupi (Karnataka) Tiroda (Maharashtra) Raipur (Chhattis- garh) 100% Mahan Ph-I (MP) Raigarh (Chhattis- garh) Kawai (Rajasthan) Mundra (Gujarat) Category Coastal, Utility Near-Pithead Plants Hinterland Coastal 100% Godda (Jharkhand) Hinterland (Transnational) Highlight Fixed RoE High Dispatch Open High Dispatch High Dispatch / Open Fuel pass-through 100% Mahan Ph-II (MP) Near-Pithead Plants 83% tie up w. Fuel pass-through (Under development) Capacity (MW) Technology 1,200 3,300 1,370 1,200 600 1,320 4,620 1,600 1,600 (600MW x 2) Subcritical (