#1adani 4th May, 2023 BSE Limited PJ Towers, Dalal Street, Mumbai 400001. - Scrip Code: 512599 Dear Sir, National Stock Exchange of India Limited Exchange plaza, Bandra-Kurla Complex, Bandra (E), Mumbai - 400051. Scrip Code: ADANIENT Sub: Submission of Media Release and Investor Presentation on Audited Financial Results (Standalone and Consolidated) for the quarter and year ended 31st March, 2023 In continuation to Outcome of Board Meeting dated 4th May, 2023, we hereby submit: 1. Media Release dated on 4th May, 2023 on the Audited Financial Results (Standalone and Consolidated) for the quarter and year ended 31st March, 2023, as Annexure "A". 2. Presentation on performance highlights of the Company for the Audited Financial Results (Standalone and Consolidated) of the Company for the quarter and year ended 31st March, 2023 as Annexure "B". The same is being uploaded on the Company's website at www.adanienterprises.com. Kindly take the above on your records. Thanking you, Yours faithfully, For Adani Enterprises Limited JATINKUMAR Digitally signed by JATINKUMAR RAMESHCHANDRA RAMESHCHANDRA JALUNDHWALA JALUNDHWALA Date: 2023.05.04 15:15:19 +05'30' Jatin Jalundhwala Company Secretary & Joint President (Legal) Encl: As above Adani Enterprises Limited "Adani Corporate House", Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar Ahmedabad 382 421 Gujarat, India CIN: L51100GJ1993PLC019067 Tel +91 79 2656 5555 Fax +91 79 2555 5500 [email protected] www.adanienterprises.com Registered Office: "Adani Corporate House", Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad - 382421#2Annexure "A" adani Media Release - Adani Enterprises Ltd FY23 Results Consolidated Income increased by 96% to Rs. 1,38,175 cr Consolidated EBIDTA increased by 112% to Rs. 10,025 cr on account of strong operational performance across businesses Attributable PAT increased by 218% to Rs. 2,473 cr EDITOR'S SYNOPSIS Financial Highlights Q4 FY23 (Consolidated) (YoY Basis): . Total Income increased by 26% to Rs. 31,716 cr EBIDTA increased by 157% to Rs. 3,957 cr Attributable PAT increased by 137% to Rs. 722 cr Business Highlights: Business ANIL Ecosystem AAHL Airports - ARTL Roads - Highlights Cell line COD declared on 31st March, 2023 for new 2.0 GW plant Completed upgradation of existing 1.5 GW module line to 2.0 GW with TOPCON Cell Technology and COD declared on 1st April, 2023 Mumbai airport achieves Highest Level 4+ "Transition" of ACA on carbon management maturity Completed 3 HAM road projects during FY 23 Construction in full swing in remaining 10 projects 3 Border Check Posts made operational during Q4 FY23 in Maharashtra Border Check Post project Operational Highlights (YoY Basis): Business ANIL Ecosystem AAHL Airports (Seven Operational) Primary Industries Mining Services Primary Industries IRM FY23 Modules volume up by 15% to 1275 MW Pax movements up by 103% to 74.8 Mn Production volume up by 7% to 29.7 MMT Volume up by 37% to 88.2 MMT Q4 FY23 Modules volume up by 4% to 315 MW Pax movements up by 74% to 21.4 Mn Production volume up by 17% to 10.0 MMT Volume up by 20% to 20.5 MMT Adani Enterprises Ltd (CIN No: L51100GJ1993PLC019067) Registered Office: "Adani Corporate House", Shantigram, Near Vaishno Devi Circle, S.G. Highway, Khodiyar, Ahmedabad 382 421, Phone: 079-26565555; Fax: 079-26565500; Email: [email protected]; Website: www.adanienterprises.com#3adani Ahmedabad, May 4, 2023: Adani Enterprises Ltd (AEL), part of the Adani Group, today announced its results for the financial year and quarter ended March 31, 2023 "Once again, Adani Enterprises has lived up to its standing as not only India's most successful business incubator but also one of the world's most successful infrastructure foundries," said Mr Gautam Adani, Chairman, Adani Group. "The past year's results represent indisputable evidence of the strength and resilience of the Adani Group's operational and financial performance. These exceptional results also highlight our consistent track record of gestating and building critical infrastructure businesses. Our mega-scale infrastructure project execution capabilities and our O&M management skills, which are comparable to the best in the world, are strengths that we continue to derive from the Adani portfolio's diversity to create reliable long-term value for all our investors. Our focus remains on governance, compliance, performance, and cashflow generation." Financial Highlights FY23 (Consolidated) (YoY Basis): . Total Income increased by 96% to Rs. 1,38,175 cr on account of strong performance by Integrated Resource Management (IRM) and Airport business EBIDTA increased by 112% to Rs. 10,025 cr on the back of growth in incubating businesses, i.e. Airports & Roads apart from growth in IRM business in line with revenue • Attributable PAT increased by 218% to Rs. 2,473 in line with increased EBIDTA Financial Highlights Q4 FY23 (Consolidated) (YoY Basis): • Total Income increased by 26% to Rs. 31,716 cr on account of strong performance by IRM and Airports business . EBIDTA increased by 157% to Rs. 3,957 cr due to better operating performance across businesses • Attributable PAT increased by 137% to Rs. 722 cr in line with increased EBIDTA Business Updates (Q4 FY23): Updates in Incubating Businesses for Q4 FY23 1. • Adani Airports Holdings Ltd (AAHL - Airports) During the quarter, Adani Airports handled - • 21.4 Mn passengers (Up by 74% YoY) • 149.4 k Air Traffic Movements (Up by 56% YoY) • 1.8 Lacs MT Cargo (Up by 14% YoY) Adani Enterprises Ltd (CIN No: L51100GJ1993PLC019067) Registered Office: "Adani Corporate House", Shantigram, Near Vaishno Devi Circle, S.G. Highway, Khodiyar, Ahmedabad 382 421, Phone: 079-26565555; Fax: 079-26565500; Email: [email protected]; Website: www.adanienterprises.com#4adani 2. Adani Road Transport Ltd (ARTL - Roads) Construction in full swing across all HAM and BOT projects. • Update for under construction projects is as below: Project State Vijayawada Bypass Nanasa Pidgaon Model Completion % Andhra Pradesh HAM 44% Madhya Pradesh HAM 48% Kodad Khammam Azhiyur Vengalam Badakumari Karki Telangana HAM 49% Kerala HAM 30% Odisha HAM 31% Panagarh Palsit West Bengal BOT 35% Kagal Satara Maharashtra BOT 3% Ganga Expressway - Budaun Hardoi Uttar Pradesh BOT 8% Ganga Expressway - Hardoi Unnao Ganga Expressway - Unnao Prayagraj Uttar Pradesh BOT 7% Uttar Pradesh BOT 8% 3. AdaniConnex Pvt Ltd (ACX - Data Center) • Update on overall project completion at Data Centers Data Center Completion % Chennai Phase-II 49% (Phase-I 17 MW is already operational) Noida Hyderabad Updates on Established Businesses for Q4 FY23 1. Adani New Industries Ecosystem 37% 30% Solar Cell & Module • Cell line COD declared 31st March, 2023 for New 2.0 GW Plant . Completed upgradation of existing 1.5 GW module line to 2.0 GW TOPCON Cell Technology and COD declared on 1st April, 2023 • Volume increased by 4% to 315 MW • • Wind Turbine manufacturing Prototype-2 Assembly completed Blade manufacturing facility - Machine installation and ramp up work started 2. Primary Industries • Mining Services production increased by 17% to 10.0 MMT • Agreement for 3 commercial coal mines signed in Q4 FY23 Integrated Resource Management volume up by 20% to 20.5 MMT Adani Enterprises Ltd (CIN No: L51100GJ1993PLC019067) Registered Office: "Adani Corporate House", Shantigram, Near Vaishno Devi Circle, S.G. Highway, Khodiyar, Ahmedabad 382 421, Phone: 079-26565555; Fax: 079-26565500; Email: [email protected]; Website: www.adanienterprises.com#5O FARM-PIK adani Annexure "B" Adani Enterprises Ltd FY23 and Q423 Earnings Presentation adani Growth with Goodness#6AEL: Consolidated Financial Highlights Total Income FY23 at glance EBIDTA PAT* 1,38,175 cr 96% Growth 10,025 cr 112% Growth 2,473 cr 218% Growth [YOY] 1,21,371 cr 16,804 cr 4,982 cr 86% Growth 230% Growth 36% Growth 5,043 cr 375% Growth 2,613 cr (140) cr 28% Growth against (1261) cr Established Incubating Established Incubating Established Incubating adani Established Business - [Energy & Utility - Adani New Industries Ecosystem, Primary Industries - Mining services & IRM] Incubating Business [Transport & Logistics - Adani Airports Holdings Ltd, Adani Road Transport Ltd & Energy & Utility - Adani Connex Data Center, Primary Industries - Australia Mining] *PAT attributable to Owners#7Index Particulars Page No Group Profile 4-7 Company Profile 8-11 Performance Highlights 12-15 Updates on Incubating Businesses 16-19 Updates on Established Businesses 20-22 Financial Highlights 23-28 Operational Efficiency 29-34 adani ESG Highlights Appendix 35-39#8Group Profile#9Adani: A World Class Infrastructure & Utility Portfolio Flagship adani Infrastructure & Utility Core Portfolio I Incubator (69.2%) AEL Primary Industry Energy & Utility Transport & Logistics Materials, Metal & Mining I (57.2%) (71.7%) (61.0%) (100%) (63.2%) AGEL ATL APSEZ NQXT1 Cement³ Renewables T&D Ports & Logistics I I I (37.4%) ATGL² (75.0%) (100%) APL I PVC Gas Discom IPP (100%) I (100%) ANIL New Industries (50%) AdaniConneX³ Data Centre I (100%) (100%) AAHL Airports ARTL Roads Copper, Aluminum (100%) Mining Services & Commercial Mining Emerging B2C Direct to consumer (44.0%) AWL Food FMCG (100%) ADL Digital (%): Promoter equity stake in Adani Portfolio companies (%): AEL equity stake in its subsidiaries adani A multi-decade story of high growth centered around infrastructure & utility core 1. NQXT: North Queensland Export Terminal | 2. ATGL: Adani Total Gas Ltd, JV with Total Energies | 3. Data center, JV with EdgeConnex, AEL: Adani Enterprises Limited; APSEZ: Adani Ports and Special Economic Zone Limited; ATL: Adani Transmission Limited; T&D: Transmission & Distribution; APL: Adani Power Limited; AGEL: Adani Green Energy Limited; AAHL: Adani Airport Holdings Limited; ARTL: Adani Road Transport Limited; ANIL: Adani New Industries Limited; AWL: Adani Wilmar Limited; ADL: Adani Digital Limited; IPP: Independent Power Producer 4. Cement business includes 63.15% stake in Ambuja Cement which in turn owns 50.05% in ACC Limited. Adani directly owns 6.64% stake in ACC Limited 5#10Adani: Decades long track record of industry best growth with national footprint Secular growth with world leading efficiency adani Ports and Logistics adani Renewables Growth 3x EBITDA 70% 1,2 Growth 5x EBITDA 92% 1,4 adani Transmission adani Gas Growth 3x Growth 1.4x EBITDA 92% 1,3,5 EBITDA 25% 1,3 adani National footprint with deep coverage AEL APSEZ AGEL ATGL ● ATL APL adani Core Portfolio Utility 92%# Transport 85% # Consumers Served -400 mn Note: 1. Data for FY22; 2. Margin for ports business only, Excludes forex gains/losses; 3. EBITDA = PBT+ Depreciation + Net Finance Costs - Other Income; 4. EBITDA Margin represents EBITDA earned from power supply 5. Operating EBITDA margin of transmission business only, does not include distribution business. #Touching points across population of India 6#11Adani: Repeatable, robust & proven transformative model of investment Activity Performance Phase Operations Construction Operation • Engineering & design • Life cycle O&M • Sourcing & quality levels planning • . Equity & debt funding at project Asset Management Plan Origination Analysis & market intelligence • Viability analysis Strategic value India's Largest Commercial Port (at Mundra) Development Site Development Site acquisition Concessions & regulatory agreements Investment case development Longest Private HVDC Line in Asia (Mundra Mohindergarh) 648 MW Ultra Mega Solar Power Plant (at Kamuthi, Tamil Nadu) Energy Network Operation Center (ENOC) Highest Margin among Peers Highest line availability Constructed and Commissioned in nine months Centralized continuous monitoring of plants across India on a single cloud based platform . • • • Post Operations Capital Mgmt Redesigning the capital structure of the asset Operational phase funding consistent with asset life First ever GMTN of USD 2Bn by an energy utility player in India - an SLB in line with COP26 goals - at AEML AGEL's tied up "Diversified Growth Capital" with revolving facility of USD 1.35 Bn - fully fund its entire project pipeline Issuance of 20 & 10 year dual tranche bond of USD 750 mn - APSEZ the only infrastructure company to do so Green bond issuance of USD 750 mn establishes AGEL as India's leading credit in the renewable sector March 2016 6% 25% 14% 37% 31% 55% March 2022 6% 8% 18% adani O&M: Operations & Maintenance, HVDC: High voltage, direct current, PSU: Public Sector Undertaking (Public Banks in India), GMTN: Global Medium Term Notes SLB: Sustainability Linked Bonds, AEML: Adani Electricity Mumbai Ltd. IG: Investment Grade, LC: Letter of Credit, DII: Domestic Institutional Investors, COP26: 2021 United Nations Climate Change Conference; AGEL: Adani Green Energy Ltd. OPSU DII Pvt. Banks Global Int. Banks Bonds PSU Capex LC 7#12Company Profile#13AEL A Successful Incubator Development Operations Value Creation Attractive Incubation Record Attractive incubation portfolio with each business positioned as next infrastructure & utility decacorns. Incubation model has in past created listed entities in their respective sectors like AGEL, ATL, ATGL & APSEZ Technology backed operations Integration of technology in operations across businesses to drive efficiencies and improve realizations in time effective manner Value to shareholders Significant value creation for shareholders CAGR of 32% over 28 years New Segment Identification Identification & entry into new segments contributing to infrastructure needs of India. E.g., Roads 5000 Lane KMs in < 3 years Direct to Consumers Leading Adani transition into B2C businesses through Airports (200 mn consumers), Digital (Adani Super App) and Food FMCG business Efficient Capital Management Capital management plan in line with underlying business philosophy Diversification of funding sources Green Hydrogen Ecosystem Develop manufacturing eco-system (ingots, cells modules, wind turbines & electrolysers) to integrate supply chain with the objective of generating low- cost green hydrogen Model based operations Operations are driven based on the revenue modelling concept. Bagged road projects under HAM and BOT models for effective operations and timely completion. ESG and Sustainability Focus ESG Philosophy ingrained in Business ESG Framework with commitment backed by policies and assurance adani AGEL: Adani Green Energy Ltd; ATL: Adani Transmission Ltd; ATGL: Adani Total Gas Ltd; B2C: Business to Consumer; APSEZ: Adani Ports and Special Economic Zone Ltd; FMCG: Fast-moving consumer goods; ESG: Environmental, Social, and Governance; CAGR: Compounded Annual Growth Rate; HAM: Hybrid Annuity Model; BOT: Build Operate Transfer 9#14AEL: Incubation Success Stories AEL has a demonstrated track record of creating high quality, high cashflow and high growth sustainable infrastructure businesses since 1994 Company Overview EBIDTA (CAGR)1 adani Renewables Ranked as 'Largest Solar Power Developer in the World' by Mercom Capital in August 2020 India's largest renewable company with locked-in portfolio of 20,280 MW. Estimated EBITDA of locked-in portfolio is USD 1.9 bn. 52.3% India's largest private transmission and distribution company adani Transmission line length of 18,795 ckm. Mumbai integrated utility catering to 12 mn consumers Estimated EBITDA of locked-in transmission and Mumbai integrated utility portfolio is USD 1 bn. 22.3% Transmission 置 41.3.10 India's largest private CGD business with presence across 52 geographical areas touching 15% of India's population 20.7% adani Strategic partnership with global energy major TotalEnergies Gas Estimated EBITDA from locked-in geographical areas is USD 0.5 bn adani Ports and Logistics Largest transport utility in India with national footprint of 13 ports across the coastline. Handled 312 MMT cargo volume in FY22. Operates India's largest commercial port at Mundra 13.4% adani wilmar adani One of the largest FMCG food companies in India with portfolio of products spanning across edible oil, packaged food & FMCG, and industry essentials. Catering to 90.5 mn households through Fortune brand. Having 5,500+ distribution networks and 1.6 mn retail outlets 19.4% AGEL: Adani Green Energy Limited; ATL: Adani Transmission Limited; ATGL: Adani Total Gas Limited; APSEZ: Adani Ports and Special Economic Zone Ltd.; AEL: Adani Enterprises Limited; ckm: circuit kilometers; CGD: City gas distribution; MMT: Million metric ton; MW: Mega Watt; mn: million; bn: billion. 1. CAGR: Compounded Annual Growth Rate 5 Years 10#15AEL: Current Incubation Portfolio Energy & Utility New Industries (End to end AEL Portfolio Transport & Logistics Consumer businesses Airports Food FMCG¹ Mining Green H₂ chain) Data Center Water Roads Primary Industry Industrials Digital Mining Services & IRM PVC adani 1. Food FMCG business (Adani Wilmar Limited) H2: Hydrogen; IRM: Integrated Resources Management; FMCG: Fast-moving consumer goods; PVC - Poly Vinyl Chloride Commercial Mining Copper Specialized Manufacturing 11#16AEL - Performance Highlights#17AEL : Summary on Operational and Financial Highlights - FY23 & Q4 FY23 • • • Operations FY23 ANIL Ecosystem solar modules volume up by 15% to 1275 MW Airports Pax movements up by 103% to 74.8 Mn IRM volume up by 37% to 88.2 MMT Mining services production volume up by 7% to 29.7 MMT Q4 FY23 ANIL Ecosystem solar modules volume up by 4% to 315 MW Airports Pax movements up by 74% to 21.4 Mn • IRM volume up by 20% to 20.5 MMT • Mining services production volume up by 17% to 10.0 MMT • Finance FY23 • • Total Income up by 96% to Rs. 1,38,175 cr • EBIDTA up by 112% to Rs. 10,025 cr Attributable PAT up by 218% to Rs. 2,473 cr Q4 FY23 • Total Income up by 26% to 31,716 cr • • EBIDTA up by 157% to Rs. 3,957 cr Attributable PAT up by 137% to Rs. 722 cr [Consolidated] [YOY] Business Highlights ANIL Ecosystem Cell line COD declared 31st March 2023 for New 2.0 GW Plant Completed upgradation of existing 1.5 GW module line to 2.0 GW with TOPCON Cell Technology and COD declared on 01st April 2023 Airports • • Mumbai airport achieves Highest Level 4+ "Transition" of ACA on carbon management maturity Roads Construction in full swing across all HAM & BOT projects 3 Border Check Posts made operational during Q4 FY23 in MBCPNL adani Incubating new wave of infrastructure and utility assets like airports, data centers with strong growth prospects ANIL: Adani New Industries Limited (incl. Solar Mfg) COD: Commercial Operation Date IRM: Integrated Resource Management MMT: Million Metric Tonne HAM: Hybrid Annuity Model BOT: Build Operate & Transfer MBCPNL: Maharashtra Border Check Post Network Limited. ACA: Airport Carbon Accreditation 13#18AEL: Growth in FFO 10025 FFO FY23 INR Cr. (3342) 5773 (910) EBITDA Finance Cost Tax Paid FFO March 2023 adani FFO: Fund Flow from Operations ATM: Air Traffic Movements PCOD: Provisional Commercial Operation Date • • Cash generation with Operational Efficiency ANIL Ecosystem > Sales volume up by 15% Airports > Pax movements and ATMs up by 74% & 56% respectively Roads Achieved PCOD of 3 HAM Projects Data Center > Chennai Phase I (17 MW) got operational 5773 1935 1920 FY21 FY22 FY23 INR Cr. 14#19AEL Robust Asset Base Incubating business Adani Enterprises Ltd. Established business De-risking Asset Based Growth 52144 65149 INR Cr. 24567 Project Financing Domestic RTL US Privately placed Bond ECB- Foreign 22402 bank term loan Domestic RTL Equipment Financing WC/TL in overseas entities 18975 9797 PTPL KKRPL NPRPL UPRPL MRRPL- PPRPL VBRPL HURPL NMIAL PWPL MIAL AAHL & its 6 AMPTY Aanya BPRPL BHRPL SPV's AVRPL MBCPNL MSEL MSPVL Mining services SKRPL ARGL BKRPL ARSL Maritime Aashna Maritime Urja Maritime AGPTE AIPL BRCPL FY21 FY22 FY23 Net External Debt Fixed Assets Particulars FY21 FY22 FY23 SCA Assets AERO + Non-AERO + Project Assets Project Assets & Operational Equipments Operational Equipments Trading & commercial mining Net External Debt % of Fixed Assets 52% 47% 34% adani PTPL: PRS Tolls Private Limited | MRRPL: Mancherial Repallewada Road Pvt Ltd | BPRPL: Bilaspur Pathrapali Road Pvt Ltd | SKRPL: Suryapet Khammam Road Pvt Ltd | KKRPL: Kodad Khammam Road Pvt Ltd | PPRPL: Panagarh Palsit Road Private Ltd | NMIAL: Navi Mumbai International Airport Limited | PWPL: Prayagraj Water Private Limited | MIAL: Mumbai International Airport Limited | AAHL: Adani Airport Holdings Limited | SPV: Special Purpose Vehicle | MSEL: Mundra Solar Energy Limited | MSPVL: Mundra Solar PV Limited | AMPTY: Adani Mining Pty Limited | AIPL: Adani Infrastructure Pty Limited | BRCPL: Bowen Rail Company Pty Limited | AGPTE: Adani Global Pte Limited | NPRPL : Nanasa Pidgaon Road Pvt Ltd | VBRPL: Vijayawada Bypass Project Pvt Ltd | AVRPL: Azhiyur Vengalam Road Pvt Ltd | BKRPL: Badakumari Karki Road Private Ltd | UPRPL: Unnao Prayagraj Road Private Limited | HURPL: Hardoi Unnao Road Private Limited | BHRPL: Budaun Hardoi Road Private Limited | MBCPNL : Maharashtra Border Check Post Network Limited | ARGL: Adani Road GRICL Limited | ARSL: Adani Road STPL Limited | SCA: Service Concession Arrangement 15#20AEL - Updates on Incubating Businesses Transport & Logistics - Adani Airports Holdings Ltd (AAHL - Airports) Adani Road Transport Ltd (ARTL - Roads) Energy & Utility - AdaniConnex Pvt Ltd (ACX - Data Center)#21AEL : Transport & Logistics - AAHL (Airports) Portfolio of 8 Airports - Serving ~ 23% of total passenger base Jaipur 5.0 Mn Ahmedabad 11.4 Mn Mumbai Navi Mumbai* 45.9 Mn Mangaluru 1.9 Mn Pax movements (in Mn) Operational Updates ATMs ('000) 74% 12.3 21.4 95.6 56% 149.4 Lucknow 5.4 Mn Guwahati 5.4 Mn Q4 FY22 Q4 FY23 Thiruvananthapuram 3.9 Mn Regional Airports International Gateway Q4 FY22 Q4 FY23 Cargo (Lacs MT) 14% 1.6 1.8 Q4 FY22 Q4 FY23 Adani Airports to dominate the Airports space with 300 Mn+ consumer base leveraging network effect and consumer mindset adani Circle size is representative of passenger traffic *Navi Mumbai is a Green Field Project ATM Air Traffic Movement 17#22AEL: Transport & Logistics - ARTL (Roads) Portfolio of 14 projects with construction / maintenance of roads of 5000+ Lane Kms Operational O Construction in progress PRSTPL 88.115 kms KSRPL BHRPL 151.700 kms CHURPL UPRPL 156.800 kms $155.700 kms NPRPL⚫ BPRPL PPRPL 47.445 kms 53.300 kms 67.750 kms BKRPL 47.500 kms 67.0 km 2.000 kms SKRPL MRRPL KKRPL 31.800 kms $58.626 kms Model Nos Lane Kms VBPPL 17.881 kms HAM 8 1570 BOT 5 3583 AVRPL 41.800 kms TOT 1 198 adani Model No. of Projects Operational Projects HAM 3 TOT 1 Project Completion Status 49% 48% 44% 39% 37% 34% 35% 31% 30% 16% 19% 15% VBPPL NPRPL AVRPL KKRPL BKRPL PPRPL ■Till Q3 FY23 ■Till Q4 FY23 Growth journey targeted to be 12,000 Ikm by 2026 BPRPL - Bilaspur Pathrapali Road Pvt Ltd | MRRPL - Mancherial Repallewada Road Pvt Ltd | SKRPL - Suryapet Khammam Road Pvt Ltd | VBPPL - Vijayawada Bypass Project Pvt Ltd | NPRPL - Nanasa Pidgaon Road Pvt Ltd | BKRPL Badakumari Karki Road Pvt Ltd | KKRPL - Kodad Khammam Road Pvt Ltd | AVRPL - Azhiyur Vengalam Road Pvt Ltd | PRSTPL - PRS Tolls Pvt Ltd | PPRPL - Panagarh Palsit Road Pvt Ltd | BHRPL - Budaon Hardoi Road Pvt Ltd | HURPL - Hardoi Unnao Road Pvt Ltd | UPRPL - Unnao Prayagraj Roads Pvt Ltd | KSRPL - Kagal Satara Road Pvt Ltd IL-Km- Lane Kilometers 18#23AEL: Energy & Utility - ACX (Data Center) Empowering Digital India with a Platform of Data Center Solutions with Strong Partnership Noida Site Progress Updates Location Overall Project Completion Chennai -49% (33 MW) -37% Noida Construction Completion Phase I (17 MW) Operational [Q4 FY23] Activities Completed Ordering completed for Phase II (16 MW) Design & Engineering, Procurement, Pre- Construction approvals -25% Hyderabad -30% -7% Design & Engineering, Procurement, Pre- Construction approvals Ahmedabad Mumbai Hyderabad Pune Vizag Bangalore Chennai adani Land Acquisition Updates Location Updates Kolkata Navi Mumbai Vizag Land acquisition completed Land acquisition completed Customer Engagements Customer Updates Hyperscale & Enterprise Orderbook of ~103 MW from Hyperscale & Enterprise customers In discussion with other Customers Goal is to have a 1GW Data Center Platform in a Decade That Empowers a Digital India 19#24AEL - Updates on Established Businesses - Adani New Industries Ltd (ANIL) Ecosystem Energy & Utility Primary Industries - Mining Services & IRM#25AEL: Energy & Utility - Adani New Industries Ltd (ANIL) Ecosystem SOLAR WIND Solar New 2.0 GW Capacity Plant Module line COD declared in July-22 Cell line COD declared in March-23 Solar Existing 1.5 GW Capacity Plant Upgraded to 2.0 GW with TopCon Cell Technology TopCon COD for Module declared 01st Apr, 23 Sales Volume MW 15% 1275 1104 FY22 FY23 adani COD: Commercial Operation Date GW: Giga Watt Wind • Prototype 1 > Erection & Commissioning Completed • Prototype 2 > Assemble Completed Blade manufacturing facility > Machine installation and ramp up work started 21 24#26AEL : Primary Industries Mining Services & IRM Mining Services Production (MMT) IRM Volume (MMT) Mining Services Total mining portfolio of 10 mines in 3 states Integrated Resource Management (IRM) 88.2 7% 29.7 27.7 • IRM business continues to 37% 64.5 20.5 • Total Peak capacity of 110+ MMT 8.6 10.0 maintain leadership 17.1 15.8 • Total operational capacity of 51 MMT 6.2 position as the number 8.2 14.7 25.2 Maintained leadership with 50% 5.4 one player in India 15.2 6.2 market share in Mining Services business 8.1 • Volume for the quarter 26.7 4.7 17.6 FY22 FY23 increased by 20% to 20.5 MMT FY22 FY23 ■Q1 Q2 Q3 Q4 ■Q1 Q2 Q3 Q4 Commercial Mining Carmichael Mine, Australia . Commencement of Mine Operations from Jan- 22 Q4 Q3 YTD Activity UOM FY23 FY23 FY23 • Rail line of ~210 km is fully operational Coal Produced MMT 1.9 2.5 7.6 . Revenue from operations for FY23 - Rs. 4872 cr Coal Shipped MMT 2.4 2.0 7.3 adani MMT: Million Metric Tonne 22#27AEL - Financial Highlights#28AEL Consolidated Financials - FY23 70433 56027 Revenue 11715 96% 138175 4726 1318 EBIDTA 3981 112% 10025 777 576 PAT* 1120 [Rs cr] 218% 2473 FY22 Established Incubating FY23 FY22 Established Incubating FY23 FY22 Established Incubating FY23 Increase Decrease Total Increase Decrease Total Increase Decrease Total ✓ Increased on account of strong performance by IRM & Airports business Increased in line with increase in IRM, Airports and Roads revenue adani ✓ Increased in line with higher EBIDTA Established Business: [Energy & Utility - Adani New Industries Ecosystem, Primary Industries - Mining Services & IRM] Incubating Business: [Transport & Logistics - Adani Airports Holdings Ltd, Adani Road Transport Ltd & Primary Industries - Australia Mine] *PAT Attributable to owners 24#29AEL Consolidated Financials - Q4 FY23 25142 2036 Revenue 4538 26% 31716 Q4FY22 Established Incubating Q4FY23 Increase Decrease Total 1539 182 EBIDTA 2236 157% 3957 304 -64 PAT* [Rs cr] 482 137% 722 Q4FY22 Established Incubating Q4FY23 Q4FY22 Established Incubating Q4FY23 Increase Decrease Total Increase Decrease Total ✓ Increased on account of strong performance by ✓ Increased in line with increase in revenue IRM, Airports and Roads business adani ✓ Higher EBIDTA resulted in increased PAT Established business PAT impacted due to exceptional loss of Rs. 369 cr Established Business: [Energy & Utility - Adani New Industries Ecosystem, Primary Industries - Mining Services & IRM] Incubating Business: [Transport & Logistics - Adani Airports Holdings Ltd, Adani Road Transport Ltd & Primary Industries - Australia Mine] *PAT Attributable to owners 25#30EBIDTA Revenue AEL: Segment-wise Financials - FY23 Adani New Industries Ecosystem Established Businesses Primary Industries Mining services Primary Industries IRM [Rs cr] Incubating Businesses Transport & Logistics Airports# 2558 3567 39% 2360 2337 49263 101% 98920 FY22 FY23 ✓ Increased in line with FY22 FY23 FY22 FY23 increase in volume & prices Impacted due to lower volume in PEKB mine ✓ Increased in line with volume and increase in coal prices 411 379 9% FY22 FY23 ✓ Increased in line with revenue 1075 921 1842 105% 3780 FY22 FY23 FY22 FY23 Impacted due to lower volume in PEKB mine ✓ Increased in line with revenue adani # 3 new airports taken over with effect from Oct 21 2884 FY22 108% 5989 FY23 Increased in line with increase in pax movements and non-aero income 1091 FY22 54% 1681 FY23 ✓ Increased in line with revenue 26#31AEL: Segment-wise Financials - Q4 FY23 Established Businesses Adani New Industries I Primary Industries Ecosystem 691 31% 908 Mining services Primary Industries IRM [Rs cr] Incubating Businesses Transport & Logistics Airports 681 18% 803 18014 5% 18898 1657 1203 38% Revenue EBIDTA Q4FY22 Q4FY23 ✓ Increased in line with increase in volume & prices 73 23% 89 Q4FY22 Q4FY23 ✓ Increase in line with revenue adani Q4FY22 Q4FY23 ✔ Increase in line with volume 288 8% 311 Q4FY22 Q4FY23 Q4FY22 Q4FY23 Q4FY22 Q4FY23 Increase in line with volume but impacted due to reduction in prices ✓ Increased in line with increase in volume & non-aero income 606 Q4FY22 859 42% Q4FY23 435 288 Q4FY22 Q4FY23 Impacted due to higher stripping ratio Increased in line with revenue and cost optimization Impacted due to increase in Annual Concession Fees w.e.f. Q3FY23 27 22#32AEL: Debt Details & Maturity Profile - Consolidated [Rs cr] Particulars Mar-23 Mar-22 Particulars Mar-23 Mar-22 Long Term Debt 34,076 21,652 Total Equity 37,890 26,928 Short Term Debt 4,244 19,372 External Debt-to-Equity 0.73 1.06 Gross Debt 38,320 41,024 EBIDTA Less: Founders' Debt 10,544 10,025 External Debt 27,776 12,541 28,483 4,726 External Debt-to-EBIDTA 2.77 6.03 As at Mar-23 As at Mar-22 Segment Long Term Short Term Long Term Short Term Total Total Debt Debt Debt Debt IRM Mining Services 907 1,556 2,464 1,150 3,475 4,625 688 222 909 781 673 1,454 ANIL Ecosystem 1,725 760 2,485 1,111 941 2,052 Shipping 508 508 542 542 Australia Renewable 421 2 423 436 3 439 Defence 101 320 421 104 173 277 Corporate 1,545 292 1,837 1,384 1,192 2,576 Established Businesses (A) : 5,895 3,153 9,047 5,508 6,457 11,965 Airport 14,461 876 15,337 6,979 8,432 15,411 Australia Project 9,862 156 10,019 6,870 4,481 11,351 RMRW 3,858 59 3,917 2,295 2 2,297 Incubating Businesses (B) : 28,181 1,091 29,272 16,144 12,915 29,059 Gross Debt (A+B): 34,076 4,244 38,320 21,652 19,372 41,024 Less Founder's Debt 10,384 160 10,544 8,055 4,486 12,541 External Debt 23,692 4,084 27,776 13,597 14,886 28,483 adani RMRW: Roads Metro Rail & Water IRM: Integrated Resource Management 28#33Operational Efficiency#34AEL: Benchmarking Service Standards at Airports Mumbai Ahmedabad Mangalore 95% 96% 100% 100% 100% 98% 98% 97% 100% 95% 95% 95% 95% 95% 96% Lucknow 97% 97% 95% 95% 95% 95% 95% 95% 96% Security Check (waiting <5 min) Check in (waiting <20 min) Immigration (waiting <10 min) Security Check (waiting <5 min) Check in (waiting <20 min) Immigration (waiting <10 min) Security Check (waiting <5 min) Check in (waiting <20 min) Immigration (waiting <10 min) Target Actual Target Actual Target Actual Jaipur Guwahati Thiruvananthapuram 100% 97% 97% 99% 98% 98% 96% 98% 98% 95% 95% 95% 95% 95% 95% 95% 95% 95% Security Check (waiting <10 min) Check in (waiting < 5 min) Immigration (waiting <10 min) Security Check (waiting 5 min) Check in (waiting <20 min) Immigration (waiting <10 min) Security Check (waiting <5 min) Check in (waiting <20 min) Immigration (waiting <10 min) Security Check (waiting <5 min) Check in (waiting <20 Immigration (waiting 10. min) min) Target Actual Target Actual Target Actual Target Actual adani Parameters for March 2023, Check in for Economy Class Passengers considered 30 30#35AEL : Airports Route Development & Airline Additions (Post Acquisition) New Routes added/resumption : New Airlines added: 64 50 50 114 45 39 Domestic International Total Domestic International Total adani 31 53#362018H1 2018H2 2019H1 2019H2 AEL: Upgradation to TOPCon Technology in ANIL Ecosystem 19.5 18.6 18.7 18.7 18.8 18.8 18.8 18.8 18.8 18.8 18.8 18.5 2020H1 Multi 2020H2 Cell Efficiency Trend, % 25.8 25.6 25.4 25.2 25 25.5 24.8 24.2 24.3 24.4 24.5 24.6 24.5 23.8 23.9 23.5 23.2 23.5 22.9 24 25.7 25.5 25.3 25.1 24.9 24.7 24.2 24.3 24.4 24 1. 2. 3. Higher Bi-faciality 4. Near Zero Light Induced Degradation 5. Low YOY degradation (~0.45% p.a. v/s -0.54% p.a.) adani : Mono Wafer based Tunnel Oxide Passivated Contact (TOPCon) with relatively higher Bifaciality Data beyond 2023H1 are estimates 2021H1 23.8 23.5 23.6 22.5 23 23 23.1 23.2 23.3 23.4 23.5 23.6 23.6 23.6 23.6 22.8 22.8 22.5 22.5 22.6 21.5 22.2 21.8 21.9 21.6 21.4 20.5 2021H2 Why TOPCon* Cut cell modules are industry favorite as it also increases the module wattage and reduces the year-on-year degradation Increased module wattage than multi cell modules due to: Increased sensitivity to different wavelength of light and the increased capture of transport carriers Lower temperature coefficient Mono PERC 2022H1 2022H2 2023H1 TOPCon 2023H2 32 2024H1 HJT 2024H2 2025H1 2025H2 2026H1 2026H2#37AEL: Benefits of Perc+ and N-TopCon Modules in ANIL Ecosystem - Avg. Current Commercial Cell Eff. 18.8% 22.9% 24.2% Wafer Thickness (mm) 165 150 130 2.5% YOY Degradation (1st Yr) 2.0% 1.0% 0.55% 0.45% YOY Degradation (2nd Yr) 0.40% 80-85% 70-75 % Bifaciality at Module Level N... Per Module Wattage 330/345 Multi adani Note: 535-655 Perc+ (Bifacial) Increase in Efficiency "Eff" and reduction in Wafer thickness will reduce cost of production of manufacturers and simultaneously beneficial for developer as well 560-685 N-TopCon (Bifacial) 33#38AEL: ABEX Driving Controllership Adani Business Excellence (ABEX) delivers accounting & compliance services to group companies with an objective of providing assurance of process controls, timely compliance and risk mitigation through standardization, Simplification and automation BUY 2 PAY ORDER 2 CASH TREASURY Transactional Processes Contextual Processes 42K 8 Lacs 730+ BUY 2 PAY (B2P) Vendor & Employee Invoice & Claim Processing and Payments. Vendor Payment (In Rs. Crs) Sales Invoice Processing Bank Accounts Reconciliaton ORDER 2 CASH (O2C) Customer Collection & Billing, Ageging analysis & reporting INDIRECT TAX DIRECT TAX RECORD 2 REPORT 264 116 TREASURY (TRM) Loan & Investment accounting, Debt Servicing GST Registrations Compliance Tax/TP audits & IT Returns 116 Legal Entity closure each month INDIRECT TAX (IDT) GST Compliances & Reconciliations Monhtly and annual returns, Audits and assessments DIRECT TAX (DT) Income Tax Compliances, Quartely returns, Annual returns, tax audits, notices & Assessments RECORD 2 REPORT (R2R) Financial Statement and Staturoty Audit, Capitalization, Intercompany Reconcliation Sustainability Role based Organization Capability & Capacity Building Career & succession planning Consistency Surprise Free Operations External Benchmarking Robust Internal & External Governance Growth Mindset Automation Catalyst Culture of Continuous Improvement Gold Standard Transition Toolkit adani * Above mentioned volume is annualized for AEL and its domestic subsidiaries managed by ABEX 34#39ESG Highlights#40AEL: ESG - Ratings, Awards and Recognition ESG Ratings CSRHub (Consensus ESG Rating) Sustainalytics DJSI-S&P Global Corporate Sustainability Assessment MSCI CDP CRISIL AEL's Rating Ranking of 59 percentile, with consistent ranking above the industry average ESG Risk Rating score of 39 Scored 46/100 significantly better than average industry average score of 21/100 ESG Rating of 'CCC' B (Mgt. Level) ESG score of 44/100 ANIL Ecosystem has won the 'Aegis Graham Bell' Award in the category for Innovation in Manufacturing Awards and Recognition in FY23 ANIL Ecosystem has won 'Golden Peacock Eco- Innovation Award' for the year 2022 for using ETP waste chemical sludge as raw material in other organizations. It prevented this ETP Sludge to be disposed in landfills MIAL - Best Sustainable Airport at the ASSOCHAM 14th International Conference and Awards for Civil Aviation, 2023 FIMI - Hindalco - Aditya Birla Award for Sustainable Mining" for Best efforts in Biodiversity Conservation and Sustainable Mining for Parsa East and Kanta Basin coal mine located at Surguja, Chhattisgarh. adani 36#41AEL AAHL (Airports) ESG Performance FY23 13 CLIMATE ACTION Aligning to UN Sustainable Development Goal 13 ✓ Committed to take urgent action to combat climate change and its impacts. MIAL's green energy utilization has reached 100% in FY 2022 from renewable sources. CO For onsite RE initiatives deployed 10Kwp turbo mill & 8 Kwp solar PV modules. + MIAL has eliminated 50,000 tonnes of CO2 to achieve zero Scope 2 emissions and reduced 25,000 tonnes of CO2 under Scope 3 emissions. MIAL achieves ACA Level 4+ Accreditation Mumbai airport is the third airport in the Asia-Pacific region to achieve ACA 4+ level of carbon management maturity adani 37 52#42AEL: ANIL Ecosystem ESG Performance Highlights FY23 12 RESPONSIBLE CONSUMPTION AND PRODUCTION QO Aligning to UN Sustainable Development Goal 12 ✓ Committed to ensure sustainable consumption and production patterns ee From Waste to Wealth to Win adani Solar ANIL Sludge - Ecosystem generates ETP 3117 MT (FY 2022-23) The Solid Sludge generated mainly consists: Calcium Fluoride (about 85%) ETP Sludge is now sold for making wall putti and earns a revenue for the business. Cost of the disposing the sludge to landfill was Rs. 3500 Per MT which is now saved. This will reduce the burden on the Solid Landfill Sites, and at the same time allows recycling of useful chemicals in other industries COLDEN PEACOCK AWARD WINNER Adani Solar wins the Golden Peacock Eco-Innovation Award 2022 utilising ETP Waste Chemical Sludge as a raw material in other organisations. ANIL Ecosystem have won 'Golden Peacock Eco-Innovation Award' for the year 2022 (for ETP waste chemical sludge use as raw material in other organization) MSPVL (ANIL Ecosystem) is the largest Solar Cell and Panel Manufacturing Plant in India. adani 38#43AEL: ESG Performance Highlights FY23 11% * Energy Intensity reduction in Mining Services Energy, Emissions and Climate Change 44% 1* Operational Emissions# reduction in Adani Airports 17%* Water Consumption reduction in Primary Industries adani 18% * Total waste generation reduction in ANIL Ecosystem Cumulative - 10.3 Lakhs (FY'23) Plantation - 2.2 Lakhs (FY'23) Transplantation - 463 Afforestation - Mining Services Social Dimensions 17%* Electricity consumption from RE sources in ANIL Ecosystem Zero High Consequence Work Related Injury 6940 Employees covered under ESG Training from Adani Portfolio companies 2187 Employees Trained on Human Rights 39#44Appendix#45AEL: Transport & Logistics - AAHL (Airports) Operational Details Airports Passengers (In Mn) ATM (In '000) Cargo (In Lacs MT) Q4FY23 Q4FY22 Q4FY23 Q4FY22 Q4FY23 Q4FY22 Ahmedabad 3.1 1.6 23.7 14.6 0.1 0.1 Lucknow 1.6 1.0 12.3 8.4 0.0 0.0 Mangaluru 0.4 0.3 3.1 2.9 0.0 0.0 Mumbai 12.7 7.0 79.4 47.3 1.7 1.5 Jaipur 1.4 0.9 13.1 8.0 0.0 0.0 Guwahati 1.4 0.9 11.8 9.9 0.0 0.0 Thiruvananthapuram 0.9 0.6 6.1 4.5 0.0 0.0 Total 21.4 12.4 149.4 95.6 1.8 1.6 adani ATM Air Traffic Movement 41#46AEL: Transport & Logistics - ARTL (Roads) & (Water) Type Project Name Project Model Length/ Capacity State CA signed with Bilaspur Pathrapali Suryapet Khammam Mancherial Repallewada 53.3 Kms Chhattisgarh Concession Period (in Years) (Const. + O&M) 2+15 [Q4 FY23] Project Completion Status Operational HAM 58.6 Kms 42.0 Kms Telangana Telangana NHAI 2.5+15 Operational 2+15 Operational Vijayawada Bypass 17.9 Kms Nanasa Pidgaon 47.4 Kms Andhra Pradesh Madhya Pradesh 2.5 +15 44% 2+15 48% Azhiyur Vengalam HAM 40.8 Kms Kerala NHAI 2.5+15 30% Kodad Khammam 31.8 Kms Telangana 2+15 49% Roads Badakumari Karki 47.5 Kms Odisha 2.5+ 15 31% Panagarh Palsit 67.8 Kms West Bengal 2.5+18 35% NHAI Kagal Satara 65.1 Kms Maharashtra 2+18 3% Ganga Eway - Budaun Hardoi BOT 151.7 Kms Ganga Eway Hardoi Unnao 155.7 Kms Uttar Pradesh Uttar Pradesh 3+27 8% UPEIDA 3+27 7% Ganga Eway - Unnao Prayagraj 156.8 Kms Uttar Pradesh 3+27 PRS Tolls TOT 49.5 Kms Gujarat NHAI 0 + 20 8% Operational Prayagraj 326 MLD Uttar Pradesh UPJN 2 + 15 -98% completed HAM Water Bhagalpur 45 MLD Bihar BUIDC 2 +15 Shakkar Pench Micro Lift Irrigation EPC 95000 Ha Madhya Pradesh NVDA 6+5 -30% completed Agreement Signed CA Concession Agreement LOA Letter of Acceptance adani MLD Million Liters per day EPC Engineering Procurement & Construction HAM Hybrid Annuity Model BOT Build Operate Transfer TOT Toll Operate Transfer UPEIDA - Uttar Pradesh Expressways Industrial Development Authority UPJN Uttar Pradesh Jal Nigam BUIDC Bihar Urban Industrial Development Corporation NVDA Narmada Valley Development Authority Ha - Hectare NHAI - National Highway Authority of India 42#47AEL Primary Industries - Mining services Quantitative Details (in MMT) Mine FY23 FY22 Q4 FY23 Q4 FY22 ROM Dispatch ROM Dispatch ROM Dispatch ROM Dispatch Parsa Kente 11.8 9.1 15.0 12.3 4.5 3.5 4.3 3.4 GP III 3.7 3.0 3.3 3.5 1.1 0. 1.2 1.2 Talabira II and III 10.0 10.0 6.4 6.4 2.4 2.5 2.3 2.3 Kurmitar 2.1 1.9 3.0 3.0 0.7 0.5 0.8 0.9 Suliyari 2.1 1.4 -- -- 1.3 0.8 -- Total 29.7 25.4 27.7 25.2 10.0 8.0 8.6 7.8 adani ROM Run-of-Mine 43#48AEL Primary Industries - Mining [Q4 FY23] Type of Project Mine Parsa East Kente Basen Gare Pelma III Talabira II & III Capacity 15.0 MMT 5.0 MMT State Chhattisgarh Chhattisgarh Customer (Owner) Project Status RRVUNL CSPGCL Operational 20.0 MMT Odisha NLCIL Coal Mining Services Suliyari Parsa 5.0 MMT Madhya Pradesh APMDC 5.0 MMT Chhattisgarh RRVUNL Kente Extension 9.0 MMT Chhattisgarh RRUVNL Under Development Gare Pelma II 23.6 MMT Chhattisgarh MAHAGENCO Iron Ore Mining Services Pelma Kurmitar 15.0 MMT Chhattisgarh SECL 6.0 MMT Odisha OMC Bailadila Deposit 13 10.0 MMT Chhattisgarh NCL Operational Under Development Gondulpara 4.0 MMT Jharkhand AEL Dhirauli Jhigador Khargaon 5.0 MMT Madhya Pradesh SMRPL TBD Chhattisgarh CGNRPL Under Development TBD Chhattisgarh CGNRPL Commercial Coal Mining Bijahan 5.2 MMT Odisha MMMPL Gondbahera Ujheni East TBD Madhya Pradesh MPNRPL Madheri (North West) Purunga Gondbahera Ujheni Rajasthan Rajya Vidyut Utpadan Nigam Ltd RRVUNL CSPGCL Chhattisgarh State Power Generation Company APMDC Andhra Pradesh Mineral Development Corporation NLCIL Neyveli Lignite Corporation India Ltd TBD Maharashtra MHNRPL TBD Chhattisgarh CGNRPL Agreement Signed on 29th March, 2023 4.1 MMT Madhya Pradesh MAHAGENCO - Maharashtra State Power Generation Company OMC NCL Odisha Mining Corporation Ltd NMDC-CMDC Ltd SECL South Eastern Coalfields Ltd SMRPL Stratatech Mineral Resources Pvt Ltd CGNRPL CG Natural Resources Pvt Ltd MMMPL Mahanadi Mines and Minerals Private Limited MPNRPL MP Natural Resources Private Limited MHNRPL Maharashtra Natural Resources Private Limited LOA Letter of Award MPNRPL adani 44#49Appendix: ESG Framework#50AEL: ESG backed by Assurance Policies ESG Our Key ESG Commitments Guiding principle No net loss to biodiversity and 100% alignment with IBBI Becoming a net water positive company Become a signatory to UN Global Compact (UNGC) Creating shared value for communities through integrated and sustainable development Achieve 'zero harm' through institutionalizing systems, controls and standards Airport and data center businesses to become operational net zero by 2030 Other ESG targets and commitments (pg. 3-5) Guiding principles UNGC GRI Standard TCFD SDG BRSR IBBI Policy Structure SBTi DJSI CDP Focus Area E Commitment Assurance Vision To be a world class leader in businesses that enrich lives and contribute to nations in building infrastructure through sustainable value creation. adani S • 0 . Environment Policy Energy and Emission Policy Water Stewardship Policy Biodiversity Policy Human Rights Corporate Social Responsibility Policy Occupational Health and Safety Policy Board Diversity Anti-corruption and anti-bribery Related Party Transaction Policy Climate Action Affordable and clean energy Clean water and sanitation Responsible consumption Biodiversity conservation No poverty Zero hunger Good health and well being Quality education Policy and ESG Alignment framework backed by robust assurance program Decent work and economic growth Industry, innovation & infrastructure UNGC: United Nations Global Compact ESG: Environmental, Social & Governance; SBTi: Science Based Targets initiative; GRI: Global Reporting Initiative; CDP: Carbon Disclosure Project; TCFD: Task Force on Climate- Related Financial Disclosures; BRSR: Business Responsibility and Sustainability Reporting DJSI: Dow Jones Sustainability Indices 46#51AEL Environment Philosophy Climate Awareness Offsetting Carbon Emission • Carbon sequestration by afforestation •Improving Carbon Efficiency Climate Readiness • Promote green energy through low- cost manufacturing platforms • Afforestation and Conservation Faster reclamation of de-coaled areas • • Conservation of Resource Reducing water footprint Land use and cover management Energy Management Optimizing Input Consumption • • Waste Management Recycling waste through land- filing © Circular Economy Scientific Disposal of Hazardous Waste . Reduce freshwater withdrawal Reuse, recycle and replenish . Biogas Plant (Waste to energy) Installed in solar manufacturing for • Water neutrality • Optimize Land use . treatment of 100% food waste Reduce waste outcome Business and future investment aligned to sustainable growth with focus on preserving environment • Water Neutrality Climate Alignment • Research & Development and Innovation for green technology. • Biodiversity Management & Conservation. adani • Innovative Reforestation technology of Tree Transplantation to conserve local ecology. Conceptualization of in-house recycling plants 47#52AEL Adopted UN Sustainable Development Goals United Nations Sustainable Development Goals 2030 ZERO HUNGER 3 GOOD HEALTH AND WELL-BEING QUALITY EDUCATION NO 1 POVERTY 2 SSS W сл Women's Education 1. No Poverty Our Key Social Initiatives mapped to UNSDG 5 GENDER EQUALITY 2. Zero Hunger 4. Quality Education Women's Health 3. Good Health & Well Being 6 CLEAN WATER AND SANITATION 7 AFFORDABLE AND CLEAN ENERGY 8 DECENT WORK AND ECONOMIC GROWTH 9 INDUSTRY. INNOVATION 10 11 AND COMMUNITIES AND INFRASTRUCTURE REDUCED INEQUALITIES THE GLOBAL GOALS For Sustainable Development 12 RESPONSIBLE CONSUMPTION AND PRODUCTION G GO Women's Empowerment 2. Zero Hunger 5. Gender Equality 8. Decent Work & Economic Growth Ecology 7. Affordable and Clean Energy Multiple Locations Sarguja Sarguja & Tamnar . . . Mundra • Own schools, digitalization and up gradation of Govt. school to provide cost free education to the needy. Project Suposhan undertaken by Adani Wilmar is successfully continuing its operation. Partnered with self help group to educate and provide sanitary pads for safe menstrual hygiene to ensure better health. Various projects undertaken by Gauri Self help. groups for collection and marketing of Non-Timber Forest Produce Conservation of mangroves in coordination with GUIDE 13 CLIMATE ACTION LIFE BELOW 14 WATER adani 13. Climate Action 15 LIFE ON LAND 16 PEACE AND JUSTICE STRONG INSTITUTIONS 17 FOR THE GOALS PARTNERSHIPS 14. Life Below Water 15. Life on Land Local & Rural infra Development 9. Industry, Innovation & Infra Structure 11. Sustainable Cities & Communities Sarguja Organic Farming and Integrated Multi purpose business model Water Secure Nation 6. Clean Water and Sanitation Multiple Locations Deepening of ponds and tanks, Rooftop Rainwater Harvesting, Recharging Bore wells Social philosophy drives initiatives that are aligned with UN Sustainable Development Goals UNSDG United Nations Sustainable Development Goals 48#53AEL: Strong Governance Framework Key Highlights 12.5% Women Directors Key Governance Areas Board Independence & Diversity ✓ More than 50% Independent Directors ✓ ✓ Corporate Responsibility, CSR & Nomination & Remuneration ✓ Audit Oversight ✓ ✓ ✓ Risk Management Related Party Transactions Stakeholders Relationship ✓ Anti Corruption and Anti Bribery & Code of ✓ Conduct Corporate Responsibility Committee in place with 100% Independent Directors to provide assurance on ESG aspects Corporate Social Responsibility Committee in place with 75% Independent Directors Nomination and Remuneration Committee with 100% Independent Directors Audit Committee consisting of 100% Independent Directors (100% non- promoter/ non-executive) Statutory Auditors: M/s. Shah Dhandharia & Co. LLP Risk Management Committee in place with 50% Independent Directors Sub-Committees of Risk Management Committee with 66% independent directors: ■ Mergers & Acquisitions Committee Legal, Regulatory & Tax Committee Commodity Price Risk Committee Reputation Risk Committee Detailed Policy in place for Related Party Transactions (RPT) to ensure all RPTs are on 'arm's length' basis All RPTs are reviewed by the Audit Committee and are duly disclosed in the annual report All RPTS beyond statutory thresholds require shareholder approval by way of ordinary resolution. Stakeholders Relationship Committee in place with 50% Independent Directors Anti Corruption and Anti Bribery policy in place with Zero tolerance of Bribery and Corruption. Code Of Conduct For Board Of Directors And Senior Management in place. Insider Trading Code in Place ESG Governance Structure Board of Directors CSR Committee CRC Committee RMC Committee Stakeholder Relationship Committee I ESG Head AEL Corporate ESG Heads - AEL BUS Roles & Responsibilities of AEL Corp ESG Function Defining and setting ESG priorities for AEL. Development of ESG related policies, and procedures Support AEL BUS for developing transition plan to become operational net zero Capacity Building on ESG for businesses including training Submit response to key ESG rating agencies such as DJSI and CDP and develop ESG & BRSR Report. ESG target setting and monitoring performance Roles & Responsibilities of BU ESG Team Create business-level ESG strategy, implementation and monitoring plan. Develop decarbonization strategy with an objective to become a Net Zero business Manage ESG related compliance obligations. Business specific ESG disclosures adani 49#54Disclaimer Certain statements made in this presentation may not be based on historical information or facts and may be "forward-looking statements," including those relating to general business plans and strategy of Adani Enterprises Limited ("AEL"), the future outlook and growth prospects, and future developments of the business and the competitive and regulatory environment, and statements which contain words or phrases such as 'will', 'expected to', etc., or similar expressions or variations of such expressions. Actual results may differ materially from these forward-looking statements due to number of factors, including future changes or developments in their business, their competitive environment, their ability to implement their strategies and initiatives and respond to technological changes and political, economic, regulatory and social conditions in India. This presentation does not constitute a prospectus, offering circular or offering memorandum or an offer, or a solicitation of any offer, to purchase or sell, any shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of AEL's shares. Neither this presentation nor any other documentation or information (or any part thereof) delivered or supplied under or in relation to the shares shall be deemed to constitute an offer of or an invitation by or on behalf of AEL. AEL, as such, makes no representation or warranty, express or implied, as to, and does not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information or opinions contained herein. The information contained in this presentation, unless otherwise specified is only current as of the date of this presentation. AEL assumes no responsibility to publicly amend, modify or revise any forward-looking statements, based on any subsequent development, information or events, or otherwise. Unless otherwise stated in this document, the information contained herein is based on management information and estimates. The information contained herein is subject to change without notice and past performance is not indicative of future results. AEL may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such revision or changes. No person is authorised to give any information or to make any representation not contained in and not consistent with this presentation and, if given or made, such information or representation must not be relied upon as having been authorised by or on behalf of AEL. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction, including the United States. No part of this presentation should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. None of our securities may be offered or sold in the United States, without registration under the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from registration therefrom. For Further info please contact: MR. SAURABH SHAH Finance Controller - Adani Enterprises Ltd [email protected] +91 79 2555 5266 MR. MANAN VAKHARIA Investor Relations [email protected] +91 79 2555 6140 adani 50 50#55adani About Adani Enterprises Ltd Adani Enterprises Limited (AEL) is the flagship company of Adani Group, one of India's largest business organisations. Over the years, Adani Enterprises has focused on building emerging infrastructure businesses, contributing to nation-building and divesting them into separate listed entities. Having successfully built unicorns like Adani Ports & SEZ, Adani Transmission, Adani Power, Adani Green Energy, Adani Total Gas and Adani Wilmar, the company has contributed significantly to make the country self-reliant with our portfolio of robust businesses. This has also led to significant returns to our shareholders over 25+ years. The next generation of its strategic business investments are centered around green hydrogen ecosystem, airport management, roads, data center and primary industry like copper and petrochem all of which have significant scope for value unlocking. For more information, please visit www.adanienterprises.com For more information please contact: Roy Paul Adani Group, Corporate Communication Tel: +91-79-25556628 [email protected] Investor Relations Connect: Saurabh Shah Adani Enterprises Ltd Tel: +91-79-25555266 Manan Vakharia Adani Enterprises Ltd Tel: +91-79-25556140 [email protected] [email protected] Adani Enterprises Ltd (CIN No: L51100GJ1993PLC019067) Registered Office: "Adani Corporate House", Shantigram, Near Vaishno Devi Circle, S.G. Highway, Khodiyar, Ahmedabad 382 421, Phone: 079-26565555; Fax: 079-26565500; Email: [email protected]; Website: www.adanienterprises.com