Indian Energy Exchange Limited

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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

9%

nsumption Indian Generation Mix: Apr-June FY’26 World’s Largest Network Reforms Underway Hydro 9% Others 1% Nuclear 3% Wind 6% Solar 9% Gas + Diesel 2% ▪ Thermal generates 72% of India’s

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n Indian Generation Mix: Apr-June FY’26 World’s Largest Network Reforms Underway Hydro 9% Others 1% Nuclear 3% Wind 6% Solar 9% Gas + Diesel 2% ▪ Thermal generates 72% of India’s electricit

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tion Mix: Apr-June FY’26 World’s Largest Network Reforms Underway Hydro 9% Others 1% Nuclear 3% Wind 6% Solar 9% Gas + Diesel 2% ▪ Thermal generates 72% of India’s electricity ▪ Renewable

6%

Apr-June FY’26 World’s Largest Network Reforms Underway Hydro 9% Others 1% Nuclear 3% Wind 6% Solar 9% Gas + Diesel 2% ▪ Thermal generates 72% of India’s electricity ▪ Renewables contrib

2%

gest Network Reforms Underway Hydro 9% Others 1% Nuclear 3% Wind 6% Solar 9% Gas + Diesel 2% ▪ Thermal generates 72% of India’s electricity ▪ Renewables contribute 25% to generation •

72%

derway Hydro 9% Others 1% Nuclear 3% Wind 6% Solar 9% Gas + Diesel 2% ▪ Thermal generates 72% of India’s electricity ▪ Renewables contribute 25% to generation • Inter-reg. trans. Cap.: 1

25%

lar 9% Gas + Diesel 2% ▪ Thermal generates 72% of India’s electricity ▪ Renewables contribute 25% to generation • Inter-reg. trans. Cap.: 119 GW (FY’25); 168 GW (FY’32) • 4.94 Lakh CKM of tra

119 GW

% of India’s electricity ▪ Renewables contribute 25% to generation • Inter-reg. trans. Cap.: 119 GW (FY’25); 168 GW (FY’32) • 4.94 Lakh CKM of trans. Lines (FY’25); 6.48 Lakh CKM (FY’32) • One Na

168 GW

ectricity ▪ Renewables contribute 25% to generation • Inter-reg. trans. Cap.: 119 GW (FY’25); 168 GW (FY’32) • 4.94 Lakh CKM of trans. Lines (FY’25); 6.48 Lakh CKM (FY’32) • One Nation One Grid •

4.94 Lakh

ables contribute 25% to generation • Inter-reg. trans. Cap.: 119 GW (FY’25); 168 GW (FY’32) • 4.94 Lakh CKM of trans. Lines (FY’25); 6.48 Lakh CKM (FY’32) • One Nation One Grid • Green Corridor: RE ri

6.48 Lakh

Inter-reg. trans. Cap.: 119 GW (FY’25); 168 GW (FY’32) • 4.94 Lakh CKM of trans. Lines (FY’25); 6.48 Lakh CKM (FY’32) • One Nation One Grid • Green Corridor: RE rich states; projects for evacuation of R

“• Other Developments: o VGF based BESS Tranche 1: 13,200 MWh; FY24 to FY27 Tranche 2: 30,000 MWh; FY25 onwards o June 2025: NVVN, NHPC BESS tender of 500 MW/1,000 MWh (2-Hour, 2 Cycle) at Rs.2.16 Lac/MW/Month and Rs.2.08/ Lac/MW/MonthunderVGF scheme.”

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

“31 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

4

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-June FY’26 World’s Largest Network Reforms Underway Hydro 9% Others 1% Nuclear 3% Wind 6% Solar 9% Gas + Diesel 2% ▪ Thermal generates 72% of India’s electricity ▪ Renewables contribute 25% to generation • Inter-reg. trans. Cap.: 119 GW (FY’25); 168 GW (FY’32) • 4.94 Lakh CKM of trans. Lines (FY’25); 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 70% • Improving credit ratings of distribution companies • Generators being paid on timely basis • DISCOMS resorting to power procurement optimization Source: CEA, NLDC, MoP 3 Energy Sector Transition Nuclear 8GW 2% Thermal Cap 242 50% RE & Hydro 234 48% Jun’25 Installed Capacity 485 GW Nuclear 15 GW 2% Thermal Cap 32

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 245 225 205 185 165 145 30000 25000 20000 15000 10000 5000 0 All India Demand Profile Demand Met (GW) – 12th June 2025 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. Q1 FY’26 coal production at 247 MT, similar to Q1 FY’25. Imported coal & gas prices down to reasonable levels – PLFs improved significantly. Healthy coal stock at generating station - Inventory at ~25 days. Shakti Policy 2017 replaced with new Shakti Policy. Coal linkages available under two windows – Central and State Gencos at notified price and all Gencos at premium + notified price. The MoC has set a goal to produc

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 • • Robust Business Continuity implementation with RTO (Recovery Time Objective) of 5 minutes and RPO (Recovery Point Objective) of near Zero Implementation of best-in-class Perimeter Firewall and Panor

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 154.5 133.8 96.1 174.6 157.9 184.2 164.4 117.1 120.2 Breakup of standalone revenues (%) Q1FY25 Q4FY25 Q1FY26 Transaction Fees 77% 79% 74% Admission and Annual Fees 3% 3% 3% Other Income 20% 18% 23% Total 100% 100% 100% Q1FY25 Q4FY25 Q1FY26 Total Revenue EBITDA PAT Robust business model and financial strength Robust business model and financial strength 25 ESG Leadership in Power Exchanges Environmental Leadership • • • IEX, India’s First Carbon Neutral Power Exchange since FY’22 First to launch Green segment in India’s power markets. ICX, India’s sole issuer of International RECs (I-RECs) Social Leadership • Nearly INR 842 lakh spent as part of CSR initiative in healthcare, education and vocational skills, heritage restoration, and women empowerm