Adani Total Gas Limited

rs,

30th January, 2024 BSE Limited P J Towers, Dalal Street, Mumbai – 400001 National Stock Exchange of India Limited Exchange plaza, Bandra-K

21%

Media Release Adani Total Gas Q3 & 9MFY24 Results Overall Volume up by 21% in Q3 & 13% in 9M Y-o-Y CNG volume up by 24% in Q3 & 21% in 9M Y-o-Y ATGL Crosses 500 CNG stati

13%

Media Release Adani Total Gas Q3 & 9MFY24 Results Overall Volume up by 21% in Q3 & 13% in 9M Y-o-Y CNG volume up by 24% in Q3 & 21% in 9M Y-o-Y ATGL Crosses 500 CNG stations PNG ho

24%

Total Gas Q3 & 9MFY24 Results Overall Volume up by 21% in Q3 & 13% in 9M Y-o-Y CNG volume up by 24% in Q3 & 21% in 9M Y-o-Y ATGL Crosses 500 CNG stations PNG household increased to 7.79 lakh conn

7.79 lakh

lume up by 24% in Q3 & 21% in 9M Y-o-Y ATGL Crosses 500 CNG stations PNG household increased to 7.79 lakh connections Q3 EBITDA - INR 301 Cr, up 26% YoY EV charging points spread to 10 states,46 cities

INR 301

-Y ATGL Crosses 500 CNG stations PNG household increased to 7.79 lakh connections Q3 EBITDA - INR 301 Cr, up 26% YoY EV charging points spread to 10 states,46 cities EDITOR’S SYNOPSIS Operational

26%

es 500 CNG stations PNG household increased to 7.79 lakh connections Q3 EBITDA - INR 301 Cr, up 26% YoY EV charging points spread to 10 states,46 cities EDITOR’S SYNOPSIS Operational Highlights

INR 3,556

M, increase of 13% Financial Highlights 9MFY24 (Standalone) Y-o-Y: ➢ Revenue from Operations at INR 3,556 Cr ➢ EBITDA of INR 846 Cr, increased by 20% ➢ PBT of INR 655 Cr, increased by 14% ➢ PAT at INR

INR 846

ial Highlights 9MFY24 (Standalone) Y-o-Y: ➢ Revenue from Operations at INR 3,556 Cr ➢ EBITDA of INR 846 Cr, increased by 20% ➢ PBT of INR 655 Cr, increased by 14% ➢ PAT at INR 488 Cr , increased by 15

20%

andalone) Y-o-Y: ➢ Revenue from Operations at INR 3,556 Cr ➢ EBITDA of INR 846 Cr, increased by 20% ➢ PBT of INR 655 Cr, increased by 14% ➢ PAT at INR 488 Cr , increased by 15% Financial Highli

INR 655

: ➢ Revenue from Operations at INR 3,556 Cr ➢ EBITDA of INR 846 Cr, increased by 20% ➢ PBT of INR 655 Cr, increased by 14% ➢ PAT at INR 488 Cr , increased by 15% Financial Highlights Q3FY24 (Standal

14%

ions at INR 3,556 Cr ➢ EBITDA of INR 846 Cr, increased by 20% ➢ PBT of INR 655 Cr, increased by 14% ➢ PAT at INR 488 Cr , increased by 15% Financial Highlights Q3FY24 (Standalone) Y-o-Y: ➢ Reve

“(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 9M FY24 9M FY23 % Change YoY Q3 FY24 Q3 FY23 % Change YoY MMSCM 633 MMSCM 408 225 MMSCM 560 338 222 INR Cr Rs Cr Rs Cr INR Cr INR Cr INR Cr 3,556 3,486 2,391 2,501 1,165 985 702 846 655 574 426 488 13% 21% 1% 2% -4% 18% 20% 14% 15% 224 144 80 186 116 70 1,243 1,186 824 856 329 419 238 301 201 231 148 172 21% 24% 15% 5% -4% 27% 26% 15% 16% Results Commentary 9M FY24 (Y-o-Y) ➢ CNG Volume increased by 21% Y-o-Y on account of the reduction in CNG prices along with network expansion of CNG stations. ➢ With recovery of PNG Industrial Volume and addition of new PNG connection in domestic and commercial, PNG Volume has increased by 1% ➢ Although the overall volume has increased by 13% Y-o-Y, Revenue from operations has increased by 2% due to reduction in gas cost especially APM gas as ATGL passed on the

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