Indian Energy Exchange Limited

rs,

Southern Park, District Centre, Saket, New Delhi–110017, India Corporate Office: 9th Floor, Max Towers, Sector 16B, Noida, Uttar Pradesh–201301 , India Tel: +91-011-3044 6511 | Tel: +91-120-4648 100 | Fax

1%

nsumption Indian Generation Mix: Apr-Nov FY’25 World’s Largest Network Reforms Underway Bagasse 1% Nuclear 3% Hydro 10% Wind 5% Solar 7% Gas + Diesel 2% • Inter-reg. trans. Cap.: 119 GW (

3%

dian Generation Mix: Apr-Nov FY’25 World’s Largest Network Reforms Underway Bagasse 1% Nuclear 3% Hydro 10% Wind 5% Solar 7% Gas + Diesel 2% • Inter-reg. trans. Cap.: 119 GW (FY’24); 168 G

10%

tion Mix: Apr-Nov FY’25 World’s Largest Network Reforms Underway Bagasse 1% Nuclear 3% Hydro 10% Wind 5% Solar 7% Gas + Diesel 2% • Inter-reg. trans. Cap.: 119 GW (FY’24); 168 GW (FY’32) •

5%

Apr-Nov FY’25 World’s Largest Network Reforms Underway Bagasse 1% Nuclear 3% Hydro 10% Wind 5% Solar 7% Gas + Diesel 2% • Inter-reg. trans. Cap.: 119 GW (FY’24); 168 GW (FY’32) • 4.85 Lak

7%

’25 World’s Largest Network Reforms Underway Bagasse 1% Nuclear 3% Hydro 10% Wind 5% Solar 7% Gas + Diesel 2% • Inter-reg. trans. Cap.: 119 GW (FY’24); 168 GW (FY’32) • 4.85 Lakh CKM of t

2%

st Network Reforms Underway Bagasse 1% Nuclear 3% Hydro 10% Wind 5% Solar 7% Gas + Diesel 2% • Inter-reg. trans. Cap.: 119 GW (FY’24); 168 GW (FY’32) • 4.85 Lakh CKM of trans. Lines (FY’2

119 GW

agasse 1% Nuclear 3% Hydro 10% Wind 5% Solar 7% Gas + Diesel 2% • Inter-reg. trans. Cap.: 119 GW (FY’24); 168 GW (FY’32) • 4.85 Lakh CKM of trans. Lines (FY’24); 6.48 Lakh CKM (FY’32) • One Na

168 GW

r 3% Hydro 10% Wind 5% Solar 7% Gas + Diesel 2% • Inter-reg. trans. Cap.: 119 GW (FY’24); 168 GW (FY’32) • 4.85 Lakh CKM of trans. Lines (FY’24); 6.48 Lakh CKM (FY’32) • One Nation One Grid •

4.85 Lakh

Wind 5% Solar 7% Gas + Diesel 2% • Inter-reg. trans. Cap.: 119 GW (FY’24); 168 GW (FY’32) • 4.85 Lakh CKM of trans. Lines (FY’24); 6.48 Lakh CKM (FY’32) • One Nation One Grid • Green Corridor: RE ri

6.48 Lakh

Inter-reg. trans. Cap.: 119 GW (FY’24); 168 GW (FY’32) • 4.85 Lakh CKM of trans. Lines (FY’24); 6.48 Lakh CKM (FY’32) • One Nation One Grid • Green Corridor: RE rich states; projects for evacuation of R

99.9%

n One Grid • Green Corridor: RE rich states; projects for evacuation of RE into National grid • 99.9% times no congestion Coal + Lignite 72% ▪ Thermal generates 74% of India’s electricity ▪ Renew

“Coal Exchange ✓ Part of Government’s plan to set up India’s first coal exchange in Calendar Year 2025.”

“30 Growth Levers Government’s target for gas sector • Increasing share of Natural Gas in energy basket from current ~6% to 15% .”

“On the gas market front, the Indian Gas Exchange (IGX) traded total volume of 162 lakh MMBtu for Q3 FY25 as compared to 84 lakh MMBtu in Q3FY24, a growth of 93% YoY.”

“The profit after tax for IGX for Q3 FY25 was at Rs.”

“For the nine months till December FY25 IGX PAT came at Rs.22 Cr, higher by 18% over the same period last fiscal year.”

In this presentation

4

Consumption

1

Generation

1

Increased opportunity for Exchanges due to

1

Growth Levers for IEX

1

Facilitates trade for

1

Shareholders

1

CBG and Certificates trading

1

Hydrogen trading

1

In this presentation

Sector and Business Update Customer Centricity and Technology Financial Performance Indian Gas Exchange 2 Power Sector Summary Generation Mix Transmission Distribution & Consumption Indian Generation Mix: Apr-Nov FY’25 World’s Largest Network Reforms Underway Bagasse 1% Nuclear 3% Hydro 10% Wind 5% Solar 7% Gas + Diesel 2% • Inter-reg. trans. Cap.: 119 GW (FY’24); 168 GW (FY’32) • 4.85 Lakh CKM of trans. Lines (FY’24); 6.48 Lakh CKM (FY’32) • One Nation One Grid • Green Corridor: RE rich states; projects for evacuation of RE into National grid • 99.9% times no congestion Coal + Lignite 72% ▪ Thermal generates 74% of India’s electricity ▪ Renewables contribute 23% to generation • Declining Avg. AT & C Losses: o FY’21 – 22.3% o FY’22 – 16.4% o FY’23 – 15.4% • Improving credit ratings of distribution companies • Generators being paid on timely basis • DISCOMS resorting to power procurement optimization Source: CEA, MoP 3 Energy Sector Transition Nuclear 8GW 2% RE & Hydro 209 45% Thermal C

Consumption

• North India has high demand in Summers/Paddy season • Lift irrigation/Agricultural demand of Telangana between August to October.

Increased opportunity for Exchanges due to

o Diversity in Power Consumption/Supply o Increased demand during solar hours due to load shifting & TOD tariff 265 245 225 205 185 165 145 30000 25000 20000 15000 10000 5000 0 All India Demand Profile Demand Met (GW) - 30th May 2024 Demand Met (GW) - 14th June 2019 IEX Demand Profile 11 9 7 5 3 1 -2 1 2 3 4 6 7 8 9 11 12 13 14 16 17 18 19 21 22 23 24 Buy Bid (MW) Sell Bid (MW) Cleared (MW) MCP (Rs./kWh) 15 Growth Driver 6: Increasing Sell Side Liquidity • • • • • • • • • Supply side constraints continued to ease through FY’24 and 9M FY’25 due to various measures taken by MoP. FY’24 coal production increased 12%YoY to ~1,000 MT; 9M FY’25 production higher by 6.1% YoY at 726 MT. Imported coal & gas prices down to reasonable levels – PLFs improved significantly. Healthy coal stock at generating station - Inventory at 19 days. E-auction Premium easing consistently, Coal available under Shakti scheme at a price close to notified price. The MoC has set a goal to produce 1.3 billion tonnes o

Growth Levers for IEX

Increase in Demand and Supply Large Capacity Addition in RE and Storage and Declining Costs Favorable Regulatory and Policy Framework for Market Development 1 2 3 4 Diversification 20

In this presentation

Sector and Business Update Customer Centricity and Technology Financial Performance Indian Gas Exchange 21 Customer Centricity • • Capacity building workshops for all Discoms Promoting Open Access through State wise conferences and seminars • Web Platform “EnergX” Financial Reconciliation • Digital On-boarding • • Web-based Bidding for all Products across Electricity and Certificate segments • Easy access to Trade and Obligation Reports • Analytics for effective Bidding decision making • Role based effective User Access Management • • Bidding APIs for all Products across Electricity and Certificate segments Back Office APIs for Trade and Obligation Reports Constant endeavor to enhance the Pre-Bidding, Bidding, and the Post Bidding Experience for our Customers 22 Technology – Key Updates • DC to DR switch in a real-time mode • Application level and Technology Infrastructure level enhancements to ensure High Availability in the Real Time Market (RTM) • Implementation of the best-in-class

In this presentation

Sector and Business Update Customer Centricity and Technology Financial Performance Indian Gas Exchange 24 Robust Financial Performance of IEX Consolidated Financials Rs Cr 401.6 354.8 254.1 482.8 430.5 312.1 9M FY24 Total Revenue EBITDA 9M FY25 PAT Breakup of standalone revenues (%) Q3FY24 Q2FY25 Q3FY25 Transaction Fees 78.2% 79.8% 78.7% Admission and Annual Fees 3.5% 3.1% 3.4% Other Income 18.3% 17.1% 17.9% 141.2 128.2 91.8 167.8 151.2 160.5 145.5 108.3 107.3 Total 100% 100% 100% Q3FY24 Q2FY25 Q3FY25 Robust business model and financial strength Robust business model and financial strength 25