JSW Energy Limited

rs,

change Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sirs, Further to our letter dated 19th January, 2022 please find attached the Results Presentation in con

13%

cations operating with strict adherence to Covid-19 protocols • Total Hydro Generation: higher by 13% YoY • Short-term Generation: increased by 3% YoY • Overall Generation: lower by 3% YoY due to mai

3%

d-19 protocols • Total Hydro Generation: higher by 13% YoY • Short-term Generation: increased by 3% YoY • Overall Generation: lower by 3% YoY due to maintenance activities at Ratnagiri plant Operat

882 Crore

neration: lower by 3% YoY due to maintenance activities at Ratnagiri plant Operational • EBITDA: `882 Crore, up 35% YoY due to higher short-term sales ; Highest Q3 EBITDA in last 5 years • Profit After Tax:

35%

r by 3% YoY due to maintenance activities at Ratnagiri plant Operational • EBITDA: `882 Crore, up 35% YoY due to higher short-term sales ; Highest Q3 EBITDA in last 5 years • Profit After Tax: `324 Cro

324 Crore

up 35% YoY due to higher short-term sales ; Highest Q3 EBITDA in last 5 years • Profit After Tax: `324 Crore, up 162% YoY • Receivables decline 20% YoY amidst an increasing receivable scenario in the power se

162%

e to higher short-term sales ; Highest Q3 EBITDA in last 5 years • Profit After Tax: `324 Crore, up 162% YoY • Receivables decline 20% YoY amidst an increasing receivable scenario in the power sector • On

20%

Highest Q3 EBITDA in last 5 years • Profit After Tax: `324 Crore, up 162% YoY • Receivables decline 20% YoY amidst an increasing receivable scenario in the power sector • One of the strongest Balance She

0.37x

lting in Net Debt reduction despite growth capex Consolidated Financials o Net Debt to Equity at 0.37x o Net Debt to EBITDA (TTM) at 1.74x o Strong Liquidity: Cash & Cash Equivalents1 at `2,195 Crore

1.74x

rowth capex Consolidated Financials o Net Debt to Equity at 0.37x o Net Debt to EBITDA (TTM) at 1.74x o Strong Liquidity: Cash & Cash Equivalents1 at `2,195 Crore • Re-organisation of the Company’s G

2,195 Crore

ity at 0.37x o Net Debt to EBITDA (TTM) at 1.74x o Strong Liquidity: Cash & Cash Equivalents1 at `2,195 Crore • Re-organisation of the Company’s Green and Grey Businesses: (refer Annexure 1 for details) Re-o

10 GW

Ds, and liquid mutual funds 3 Key Highlights for Q3 FY22 (2/2) • Renewable-led growth to reach 10 GW capacity by FY25 and 20 GW by FY30 • 2.5 GW under-construction in full-swing: Update on 2.5 GW

“Merger of JSW Future Energy Limited with JSW Neo Energy Limited under a Scheme of Amalgamation to be approved by NCLT, wherein all the assets and liabilities of JSW Future Energy Limited will be transferred to JSW Neo Energy Limited 3.”

JSW Energy Ltd

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Climate Change

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SDG

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Investor Relations Contact

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JSW Energy Ltd

• Achieved Leadership band (A-) in CDP Climate Change 2021, the only Indian power genco. to achieve this band • Certified as ‘Great Place to Work’ Organisation • Won Golden Peacock Award For Occupational Health & Safety-2021 JSW Energy (Barmer) Ltd awarded the 2021 Sword of Honour by the British Safety Council for excellence in Occupational Health and Safety JSW Energy Q3 FY22 Results Presentation 4 Agenda Sustainability Update on Growth Projects Operational & Financial Performance Growth Strategy Business Environment Appendix JSW Energy Q3 FY22 Results Presentation 5 Agenda Sustainability Update on Growth Projects Operational & Financial Performance Growth Strategy Business Environment Appendix JSW Energy Q3 FY22 Results Presentation 6 Sustainability: Framework and Priorities 17 Focus Areas with 2030 Targets from 2020 as Base Year

Climate Change

Committed to being carbon neutral by 2050 Reduce our carbon emissions by more than 50% Renewable Power: Enhance the renewable power to 2/3rd of our Total Installed Capacity Waste : 100% Ash (Waste) utilization Biodiversity: No Net Loss for Biodiversity Waste Water: Zero Liquid Discharge Water Resources: Reduce our water consumption per unit of energy produced by 50% Resources Employee Wellbeing Social Sustainability Local Considerations Indigenous People Human Rights Supply Chain Sustainability Sustainable Mining Air Emissions Business Ethics Cultural Heritage Energy Governance & Oversight by Sustainability Committee 2 Independent Directors 1 Executive Director Mr. Sunil Goyal Ms. Rupa Devi Singh Mr. Prashant Jain ESG Ratings BB A- (Leadership Level) FTSE4Good Index constituent Carbon Neutrality by 2050 Aligned to National & International Frameworks JSW Energy Q3 FY22 Results Presentation to Committed science based targets to keep global warming to 1.5°C under SBTi set Integrated Repor

SDG

>80% Renewable by 2030 JSW to become Alignment with Paris Agreement and net-zero by 2050 JSW Energy launched an online ESG Profile A comprehensive ESG Data profile with ~300 factors across 10 sustainability frameworks Link: https://www.jsw.in/energy/jsw-energy-esg JSW Energy Q3 FY22 Results Presentation • Undertaken development of Silvi-pasture plantation near for community Barmer plant increased welfare green cover and cultivation of plants for animal fodder through • • kwh/day Achieved annual savings of 7,200 auxiliary power consumption by De- staging of Boiler Feed pump at Ratnagiri plant in 2 lakh m3 water recycled and utilized Rainwater Harvesting at Ratnagiri. via • Near 100% waste fly ash utilisation across Vijayanagar, Ratnagiri, Barmer and Nandyal plants Glimpses of Silvi-Pasture Plantation near Barmer Plant 9 Sustainability: Recognition of Global Best Practices JSW Energy achieved a Leadership band with ‘A-‘ score in the 2021 CDP Climate Change assessment JSW Energy certified

Investor Relations Contact

ir.jswenergy@jsw.in August, 2020 INDEPENDENT AUDITOR’S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF JSW ENERGY LIMITED 1. We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of JSW ENERGY LIMITED (“the Company”), for the quarter and nine months ended December 31, 2021 (“the Statement”), being submitted by the Company pursuant to the requirement of Regulations 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. 2. This Statement, which is the responsibility of the Company’s Management and approved by the Company’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in Ind