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

12%

eration Mix Transmission Distribution & Consumption Indian Generation Mix: Apr-Sep FY’26 Hydro 12% Others 0% Nuclear 3% Wind 8% Solar 8% Gas + Diesel 2% Coal + Lignite 67% ▪ Thermal genera

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ix Transmission Distribution & Consumption Indian Generation Mix: Apr-Sep FY’26 Hydro 12% Others 0% Nuclear 3% Wind 8% Solar 8% Gas + Diesel 2% Coal + Lignite 67% ▪ Thermal generates ~70% o

3%

Distribution & Consumption Indian Generation Mix: Apr-Sep FY’26 Hydro 12% Others 0% Nuclear 3% Wind 8% Solar 8% Gas + Diesel 2% Coal + Lignite 67% ▪ Thermal generates ~70% of India’s el

8%

ution & Consumption Indian Generation Mix: Apr-Sep FY’26 Hydro 12% Others 0% Nuclear 3% Wind 8% Solar 8% Gas + Diesel 2% Coal + Lignite 67% ▪ Thermal generates ~70% of India’s electricity

2%

Generation Mix: Apr-Sep FY’26 Hydro 12% Others 0% Nuclear 3% Wind 8% Solar 8% Gas + Diesel 2% Coal + Lignite 67% ▪ Thermal generates ~70% of India’s electricity ▪ Renewables contribute ~2

67%

Sep FY’26 Hydro 12% Others 0% Nuclear 3% Wind 8% Solar 8% Gas + Diesel 2% Coal + Lignite 67% ▪ Thermal generates ~70% of India’s electricity ▪ Renewables contribute ~28% to generation W

70%

ers 0% Nuclear 3% Wind 8% Solar 8% Gas + Diesel 2% Coal + Lignite 67% ▪ Thermal generates ~70% of India’s electricity ▪ Renewables contribute ~28% to generation World’s Largest Network Re

28%

% Coal + Lignite 67% ▪ Thermal generates ~70% of India’s electricity ▪ Renewables contribute ~28% to generation World’s Largest Network Reforms Underway • Inter-reg. trans. Cap.: 119 GW (FY’

119 GW

tribute ~28% to generation World’s Largest Network Reforms Underway • 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

generation World’s Largest Network Reforms Underway • 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

’s Largest Network Reforms Underway • 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

“• Other Developments: o VGF based BESS Tranche 1: 13,200 MWh; FY24 to FY27 Tranche 2: 30,000 MWh; FY25 onwards o Q2 FY’26: SJVN, KPTCL awarded BESS tender of 375 MW/1,500 MWh (2-Hour, 2 Cycle) at Rs.3.59 Lac/MW/Month and a 150MW/300 MWh (2-Hourr, 2 Cycle) at Rs.2.54/ Lac/MW/MonthunderVGF scheme.”

“✓ 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

Strategic Collaborations

1

CBG and Certificates 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-Sep FY’26 Hydro 12% Others 0% Nuclear 3% Wind 8% Solar 8% Gas + Diesel 2% Coal + Lignite 67% ▪ Thermal generates ~70% of India’s electricity ▪ Renewables contribute ~28% to generation World’s Largest Network Reforms Underway • 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 • 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 245 49% RE & Hydro 247 49% Sep’25 Installed Capacity 501 GW Nuclear 15 GW 2% Thermal Cap

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) – 24th Sep 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. Q2 FY’26 coal production at 203 MT, broadly similar to Q2 FY’25. Imported coal & gas prices down to reasonable levels – PLFs improved significantly. Healthy coal stock at generating station - Inventory at ~19 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

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 Implementations • • 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 Pan

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 322.2 285.0 204.8 367.4 331.7 244.0 H1 FY25 Total Revenue EBITDA H1 FY26 PAT 167.8 151.2 108.3 184.2 164.4 183.3 167.3 120.7 123.3 Breakup of standalone revenues (%) Q2FY25 Q1FY25 Q2FY26 Transaction Fees 80% 74% 78% Admission and Annual Fees 3% 3% 3% Other Income 17% 23% 19% Total 100% 100% 100% Q2FY25 Q1FY26 Q2FY26 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 e