#1ΤΑΤΑ TATA POWER TES Tata Power Renewables - India's Most Comprehensive Renewable Energy Platform to Raise 3 4,000 Crores 14th April 2022 Lighting up Lives!#2TATA POWER Tata Power's Renewable Portfolio RENEWABLE BUSINESS SEGMENTS ROOFTOP SOLAR PUMPS EV CHARGING GENERATION Utility Scale Solar, Wind, Hybrid, Storage & Group Captive Generating Capacity FY 22: ~4,900 MW (including 1,200 MW Under Construction) EPC & MANUFACTURING Large Projects Solar EPC & Solar Module manufacture EPC Order Wins FY22 ~3,250 MW; LOA awaited 2,000 MW 2 (includes own projects) Mfg. Capacity 650 MW Module, 550 MW Cell EPC & PPAs Order Wins¹ FY 22 ~553 MW PPA Model FY 22: ~73 MW (including Under Construction) Private and Confidential | 2 Govt. tenders & Direct consumer sale Pumps Installed (no's) FY22 ~28,500 EV Charging Infrastructure # of Charging points Installed till date (FY22): Home: 13,107 Captive (Fleet): ~136 Public: ~1,871 Bus: ~212 ΤΑΤΑ#3TATA POWER Renewable Generation The Green Energy Opportunity EPC & Manufacturing Rooftop Pumps EV Charging · • • ΤΑΤΑ 500 GW national target by 2030; >20 GW Annual green energy opportunities Expertise in wind and solar execution gives a competitive advantage as sector is shifting towards Hybrid / Storage / RTC and future green Hydrogen requirement Excellent execution track record across different terrains enabling repeat orders from clients >30 years of manufacturing experience in best-in-class modules & cells including expertise in Mono PERC technology Market to grow 10 times in next 5 years; Focus on Residential & C&I segment; Strong brand presence with largest channel network; Investment in Technology & Innovative solutions; Seamless Customer experience with end-to-end customized digital solutions Solarized pumps to replace existing Agricultural pumps; Annual power subsidy of >1 lac cr.; GOI KUSUM scheme has allocation for 35 lacs solarized pumps in next 3 years Strong distribution network; Cost Leadership with Strong EPC capabilities; Strong brand pull in rural areas; Operational efficiency for quick turnaround time; Technology enabled solutions Market leadership in EV Charging installations, 2000+ Charging Set up in 190+Cities. First mover advantage; Strategic tie-up with EV manufactures, Oil Companies, Mobility partners & Builders & Development of Franchise network ΤΑΤΑ TATA POWER #DoGreen#4TATA POWER - All Tata Power's Green Business Under One Roof (1/2) Consolidation of business under single HoldCo All renewable businesses under a single umbrella Existing Structure Tata Power Company Ltd TPREL TP Green TP Saurya - GenCo, EPC Co. and New Businesses under single umbrella - TPREL will be Holdco Structure will optimise cash upstreaming, capital deployment, leverage management and fund raising SPVS 100% 74% Captive Cos. 100% SPV 100% Businesses of TPCL part of Forest Generation Business - Solar 2,468 MW Wind -932 MW Under Construction- 1,505 MW EV Charging Rooftop PPA Wind Assets Captives ΤΑΤΑ TPSSL Solar Utility Scale & Rooftop EPC Solar Manufacturing and Solar Pump business#5All Tata Power's Green Business Under One Roof (2/2) TATA POWER Tata Power Company Limited TPREL (Utility + Rooftop) BlackRock Real Assets TPSSL (EPC + Solar Pumps) SPVS (Utility Scale Generation) EV Charging Captive Cos. SPV (Manufacturing) TATA#6TATA POWER Transaction Details TATA TRANSACTION INVESTMENT STRUCTURE RENEWABLE HOLDCO ■ BlackRock (along with Mubadala as co-investor) – BLK SPV will invest in Tata Power Renewable Energy Ltd (TPREL) ■ Pre-money base equity valuation of 34,000 Crore subject to adjustments based on FY 23 EBITDA ■ The BLK SPV will invest 4,000 Crore in two equal tranches of 2,000 Crore each: Tranche 1 through Equity: 2,000 Crore on the Closing Date Tranche 2 through Convertible Securities: 2,000 Crore after 6 months ■ Final Shareholding of BLK SPV in TPREL: 9.76% -11.43% ■ TPREL will become the holding company of all renewable business - Utility Scale Generation Business including EPC and O&M service, Manufacturing business (including solar cells and modules), Rooftop EPC and PPA, Solar Pumps and EV Charging Business ■ All future renewable business will be developed under this holdco TRANSACTION TIMELINES ■ Transaction is subject to customary approvals ■ Transaction is expected to close in next 2-3 months#7TATA POWER TATA Bringing World Class Expertise Under One Roof TATA POWER BlackRockⓇ MUBADALA • TATA India's largest integrated power company with installed capacity of 13,171 MW, presence across Generation, T&D and Renewabless. 33% of the portfolio is clean and green. With development of pipeline of ~1.6 GW, the current Solar & Wind portfolio is ~ 4.9 GW #1 Solar EPC Company in India with 30+ years of manufacturing experience: 1 GW of cell and module. manufacturing capacity; another 4 GW under development Strong brand in solar rooftop and pump business with pan India distribution network Largest EV chargers installation: >13,000 home chargers & >2,200 captive, public & bus BlackRock Real Assets seeks to help clients access real assets that could help meet their investment goals by providing a distinct range of well defined, outcome orientated strategies, along the investment risk-return spectrum With over 400 professionals in 30 offices managing over $70 bn in client commitments, it partners with clients to provide solutions tailored to individual portfolio needs Mubadala Investment Company is a sovereign investor managing a global portfolio, aimed at generating sustainable financial returns for the Government of Abu Dhabi. Mubadala's $243.4 billion (AED 894 billion) portfolio spans six continents with interests in multiple sectors and asset classes. Mubadala's Digital Infrastructure unit invests in physical assets around the world underpinning the global trend of digitalization and increasing demand for connectivity, data storage and compute power.#8TATA POWER Disclaimer: The contents of this presentation are private & confidential. Please do not duplicate, circulate or distribute without prior permission. коко Thank You! Website: www.tatapower.com Email Id: [email protected] Contact: +91 (0) 22 6717 1305 ΤΑΤΑ