Adani Total Gas Limited

rs,

31st October, 2023 BSE Limited P J Towers, Dalal Street, Mumbai – 400001 National Stock Exchange of India Limited Exchange plaza, Bandra-K

7.64 lakh

ntinues to deliver Highest ever EBITDA CNG Stations increased to 483 PNG consumers increased to 7.64 lakh CNG volume up 20% in Q2 and 19% in H1 Y-o-Y Q2 EBITDA - INR 290 Cr, by 23% YoY H1 EBITDA - IN

20%

ever EBITDA CNG Stations increased to 483 PNG consumers increased to 7.64 lakh CNG volume up 20% in Q2 and 19% in H1 Y-o-Y Q2 EBITDA - INR 290 Cr, by 23% YoY H1 EBITDA - INR 545 Cr, by 17% YoY

19%

CNG Stations increased to 483 PNG consumers increased to 7.64 lakh CNG volume up 20% in Q2 and 19% in H1 Y-o-Y Q2 EBITDA - INR 290 Cr, by 23% YoY H1 EBITDA - INR 545 Cr, by 17% YoY EDITOR’S SY

INR 290

PNG consumers increased to 7.64 lakh CNG volume up 20% in Q2 and 19% in H1 Y-o-Y Q2 EBITDA - INR 290 Cr, by 23% YoY H1 EBITDA - INR 545 Cr, by 17% YoY EDITOR’S SYNOPSIS Operational Highlights H1F

23%

s increased to 7.64 lakh CNG volume up 20% in Q2 and 19% in H1 Y-o-Y Q2 EBITDA - INR 290 Cr, by 23% YoY H1 EBITDA - INR 545 Cr, by 17% YoY EDITOR’S SYNOPSIS Operational Highlights H1FY24 (Stand

INR 545

kh CNG volume up 20% in Q2 and 19% in H1 Y-o-Y Q2 EBITDA - INR 290 Cr, by 23% YoY H1 EBITDA - INR 545 Cr, by 17% YoY EDITOR’S SYNOPSIS Operational Highlights H1FY24 (Standalone): ➢ CNG Stations no

17%

up 20% in Q2 and 19% in H1 Y-o-Y Q2 EBITDA - INR 290 Cr, by 23% YoY H1 EBITDA - INR 545 Cr, by 17% YoY EDITOR’S SYNOPSIS Operational Highlights H1FY24 (Standalone): ➢ CNG Stations now increase

7.56 lakh

Standalone): ➢ CNG Stations now increased to 483, added 23 New CNG Stations ➢ Total PNG home at 7.56 lakh, added 51,801 new homes ➢ Industrial & Commercial PNG connections increased to 7,849 added 414 ne

9%

ted ~ 11,448 Inch Km of Steel Pipeline ➢ Combined CNG and PNG volume of 409 MMSCM, an increase of 9% Pan India Footprint - H1FY24 (With JV namely IOAGPL): ➢ CNG Stations network of 785, added 48 N

9.04 lakh

JV namely IOAGPL): ➢ CNG Stations network of 785, added 48 New CNG Stations ➢ Total PNG home at 9.04 lakh, added 59,017 new homes ➢ Industrial & Commercial connections increased to 8,502 added 481 new co

INR 1,178

of Steel Pipeline Financial Highlights Q2FY24 (Standalone) Y-o-Y: ➢ Revenue from Operations at INR 1,178 Cr ➢ EBITDA of INR 290 Cr, increased by 23% ➢ Reported PBT of INR 225 Cr, increased by 20% ➢ R

“(additional company is being proposed) O&M: Operations & Maintenance, HVDC: High voltage, direct current, PSU: Public Sector Undertaking (Public Banks in India), GM TN: Global Medium-Term Notes SLB: Sustainability Linked Bonds, AEML: Adani Electricity Mumbai Ltd., AIMSL : Adani Infra Mgt Services Pvt Ltd, IG: Investment Grade, LC: Letter of Credit, DII: Domestic Institutional Investors, COP26: 2021 United Nations Climate Change Conference; AGEL: Adani Green Energy Ltd .”

Standalone Operational and Financial Highlights

1

PNGRB regulates

1

PNGRB does not regulate

1

Standalone Operational and Financial Highlights

Particulars Operational Performance Sales Volume CNG Sales PNG Sales Financial Performance Revenue from Operations Cost of Natural Gas Gross Profit EBITDA Profit Before Tax Profit After Tax UoM H1 FY24 H1 FY23 % Change YoY Q2 FY24 Q2 FY23 % Change YoY MMSCM 409 MMSCM 264 145 MMSCM 374 222 152 INR Cr INR Cr INR Cr INR Cr INR Cr INR Cr 2,313 2,301 1,567 1,645 656 746 464 545 373 424 277 315 9% 19% -5% 1% -5% 14% 17% 14% 14% 211 136 75 190 113 77 1,178 1,190 860 775 330 403 236 290 188 225 139 168 10% 20% -3% -1% -10% 22% 23% 20% 20% Results Commentary H1 FY24 (Y-o-Y) ➢ CNG Volume increased by 19% Y-o-Y on account of the reduction in CNG prices along with network expansion of CNG stations. ➢ PNG Volume has decreased by 5% Y-o-Y due to lower offtake by industrial consumers due to lower alternative fuel prices. ➢ Revenue from operations has remained flat as there was reduction in gas cost due to revised pricing formula approved by Government of India w.e.f. 8th April 2023 which ATGL passed

PNGRB regulates

1. Authorizations, Access Code and Exclusivity Regulations Capacity Determination & Service Regulations Technical Standards & Specifications incl. safety standards Emergency Response & Disaster Management Plan 2. 3. 4.

PNGRB does not regulate

1. Gas selling price 2. Gas allocation for CNG and D-PNG 3. Network Planning Stable and predictable regulatory framework POST AUTHORIZATION - CGD ENTITY CGD Infrastructure Network includes Building City Gate Station (CGS) Laying of Steel Pipeline Building CNG stations network Laying of MDPE Pipeline Allied Infrastructure includes LMC, DRS, MR etc. k r o w t e N n o i t u b i r t s i D s a G y t i C f o n o i t a e r C s a G l a r u t a N f o g n i t e k r a M d n a y l p p u S CNG Domestic MSME / Industries Commercial Authorization provides 25 Years of network exclusivity#. Authorization provides 8 Years of marketing exclusivity* # Post this, extension can be granted. * Post 8 years, the regulator announces open access post which 20% of the supply can be made by third parties. PNGRB: Petroleum and Natural Gas Regulatory Board, CGD: City Gas Distribution, D-PNG: Domestic PNG, MDPE: Medium Density Polyethylene, DRS: District Regulating Station, LMC: Last Mile Connectivity, MR: Meter Regu