Indian Energy Exchange Limited

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& Consumption Indian Generation Mix: Apr-Feb FY’25 World’s Largest Network Reforms Underway Others 1% Nuclear 3% Hydro 9% Wind 5% Solar 7% Gas + Diesel 2% ▪ Thermal generates 75% of India’s

3%

ndian Generation Mix: Apr-Feb FY’25 World’s Largest Network Reforms Underway Others 1% Nuclear 3% Hydro 9% Wind 5% Solar 7% Gas + Diesel 2% ▪ Thermal generates 75% of India’s electricity

9%

ation Mix: Apr-Feb FY’25 World’s Largest Network Reforms Underway Others 1% Nuclear 3% Hydro 9% Wind 5% Solar 7% Gas + Diesel 2% ▪ Thermal generates 75% of India’s electricity ▪ Renewable

5%

: Apr-Feb FY’25 World’s Largest Network Reforms Underway Others 1% Nuclear 3% Hydro 9% Wind 5% Solar 7% Gas + Diesel 2% ▪ Thermal generates 75% of India’s electricity ▪ Renewables contrib

7%

FY’25 World’s Largest Network Reforms Underway Others 1% Nuclear 3% Hydro 9% Wind 5% Solar 7% Gas + Diesel 2% ▪ Thermal generates 75% of India’s electricity ▪ Renewables contribute 22% to

2%

gest Network Reforms Underway Others 1% Nuclear 3% Hydro 9% Wind 5% Solar 7% Gas + Diesel 2% ▪ Thermal generates 75% of India’s electricity ▪ Renewables contribute 22% to generation •

75%

derway Others 1% Nuclear 3% Hydro 9% Wind 5% Solar 7% Gas + Diesel 2% ▪ Thermal generates 75% of India’s electricity ▪ Renewables contribute 22% to generation • Inter-reg. trans. Cap.: 1

22%

lar 7% Gas + Diesel 2% ▪ Thermal generates 75% of India’s electricity ▪ Renewables contribute 22% to generation • Inter-reg. trans. Cap.: 119 GW (FY’24); 168 GW (FY’32) • 4.85 Lakh CKM of tra

119 GW

% of India’s electricity ▪ Renewables contribute 22% to generation • 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

ectricity ▪ Renewables contribute 22% to generation • 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

ables contribute 22% to generation • 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

“o VGF based BESS – 4,000 MWh; FY24 to FY26 1500 1300 1100 900 700 500 300 100 FDRE- Sample Profile for May o April 2025: KPTCL BESS tender of 500 MW/1,000 MWh (2- Hour, 2 Cycle) at Rs.2.49 Lac/MW/MonthunderVGF scheme • Battery capex costs are reducing: o o 2023: SECI awarded 500 MW at Rs 10.83 lacs/ MW/Month April 2025: GUVNL awarded 500 MW/1,000 MWh BESS tender at Rs 2.80 Lacs/MW/Month 14 Growth Driver 5: Diversity Regional Diversity”

“Coal Exchange ✓ Part of Government’s plan to set up India’s first coal exchange by FY 2026-27.”

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

“• Starting FY26, mandatory blending of CBG at 1% —scaling up to 5% by FY29 — will mainstream CBG into gas supply chain.”

In this presentation

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Consumption

1

Generation

1

Increased opportunity for Exchanges due to

1

Growth Levers for IEX

1

Facilitates trade for

1

Shareholders

1

New Delivery Point

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-Feb FY’25 World’s Largest Network Reforms Underway Others 1% Nuclear 3% Hydro 9% Wind 5% Solar 7% Gas + Diesel 2% ▪ Thermal generates 75% of India’s electricity ▪ Renewables contribute 22% to generation • 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 73% • 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 220 46% Thermal Cap 247 52% Mar’25 Installed Capacity 475 GW Nuclear 15 GW 2% Thermal Cap 327 38% R

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 FY’25 due to various measures taken by MoP. FY’25 production higher by 5.0% YoY at 1,048 MT. Imported coal & gas prices down to reasonable levels – PLFs improved significantly. Healthy coal stock at generating station - Inventory at ~23 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 of domestic coal by FY 2026 and 1.51 BT by FY 2030 to adv

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 550.8 489.5 350.8 657.4 588.4 429.2 FY24 FY25 Total Revenue EBITDA PAT 149.3 134.7 96.7 160.5 145.5 174.6 157.9 107.3 117.1 Breakup of standalone revenues (%) Q4FY24 FY24 Q4FY25 FY25 Transaction Fees 78% 78% 79% 79% Admission and Annual Fees 3% 4% 3% 3% Other Income 19% 18% 18% 18% Total 100% 100% 100% 100% Q4FY24 Q3FY25 Q4FY25 Robust business model and financial strength Robust business model and financial strength 25