#1new alife MARD SANITIZER SUPER POO Bhog Khichur now rawa now DOCK besan fortune new fortune 5 Soya chunkies MEXICAN minute SALSA Aadhar lalal now arhar dal foor es Investor Presentation adani wilmar September 2022 For a healthy growing nation fortune® edible oils and foods Rana KING'S SCHAFTANUL Vanaspati Unpol new maida rofeed four new suji and BULLET Kachi Shaal new pack chakki fresh atta 100te ortune new pack biryani classic premium basmati rice Fortune Fortune soya chunks 100% fortune new alife www5 kg Fortune new pu huck sugar sulphurless process Gold fortune perf fortune Fortune xpert Avsar Fryola 03 Plus ALPHA RECEN fortune kachi ghani fortune sun lite Fortune soya health Fortune cotton Ite fortune fortune heath#2Flow of Presentation 1. Overview 2. Business Updates 3. Financial Highlights & Performance 4. Strategic Priorities & Way Forward fortune fortunefoods.com fortune® fortunefoods.com new pack soya chunks 100% vegetarian 99% fat free more protein 15X steps to use {{ R umt FIHHe fortunefoods.com fortune® Seveg Sepetan new pack soya health refined soyabean oil new pack chakki fresh atta fortune fortunefoods.com new pack ՏՍՈ lite refined sunflower fortune new pack biryani special basmati rice adani wilmar For a healthy growing nation fortune edible oils and foods fortune® new pack rice bran health physically refined rice bran oil gamma oryzanol for tunefoods.com 100tto O'maida Net Weight 1kg fortunefoods.com extra long grain MATI Net Weight 1 kg new fortune Net Weight 500 g best for Indori poha (thick) oute edoé#3Successful IPO NSE adani wilmar Fra hachy growing non NSE adani wilmar For a healthy growing nation fortune edible oils and foods Listing of Adani Wilmar Limited on 8th February 2022#4Overview fortune SUPER FOOD Gujarati Khichdi Fortune Fortune® biryani classic premium basmati rice fortune smati biryani special Fortune Fortune fortune® Net Weight 1 kg Fortune chakki fresh atta 1kg rice bran health phusicly refi fortune#5Promoters: Adani Group Flagship adani Infrastructure & Utility Core Portfolio I Incubator (72.3%) Energy & Utility (60.5%) (73.9%) AEL AGEL Renewables ATL T&D I (37.4%) (75.0%) I I ATGL Gas Discom APL IPP I I adani wilmar For a healthy growing nation fortune edible oils and foods ~USD 170 bn1 Combined Market Cap Primary Industry Emerging B2C Transport & Logistics Materials, Metal & Mining Direct to consumer (65.6%) (100%) (100%) APSEZ Ports & Logistics NQXT² Cement * I I I I (100%) I ANIL I New Industries (50%) AdaniConneX4 Data Centre (100%) (100%) AAHL Airports ARTL Roads (100%) (44.0%) PVC AWL Food FMCG (100%) Copper, Aluminum (100%) Mining Services & Commercial Mining (100%) ADL Digital (%): Promoter equity stake in Adani Portfolio companies (%): AEL equity stake in its subsidiaries A multi-decade story of high growth centered around infrastructure & utility core - Represents public traded listed verticals 1. Combined market cap of all listed entities as on June 30, 2022, USD/INR - 78.90 | 2. NQXT: North Queensland Export Terminal | 3. ATGL: Adani Total Gas Ltd, JV with Total Energies | 4. 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 Roads Transport Limited; ANIL: Adani New Industries Limited; AWL: Adani Wilmar Limited; ADL: Adani Digital Limited; IPP: Independent Power Producer * Acquisition of Ambuja Cements Ltd and ACC Ltd for ~66MTPA of capacity is under regulatory approvals and with this acquisition, Adani is now India's second largest cement manufacturer 5 5#6Promoters: Wilmar Group adani wilmar For a healthy growing nation fortune edible oils and foods Global leader in processing and merchandising of edible oils, oilseed crushing, sugar merchandising, milling and refining, production of oleochemicals, specialty fats, palm biodiesel, flour milling, rice milling and consumer pack oils Over 1000 manufacturing plants in 32 countries and regions* Total Revenues: US$ 66b1 Total Assets: US$ 59b1 Market Cap: US$ 18b² Extensive distribution network in China, India, Indonesia and some 50 other countries and regions Multinational workforce of about 100,000 staff globally Europe Leading refiner of tropical oils ° • #1 Player in China Largest edible oils refiner and specialty fats and oleochemicals manufacturer Leading oilseed crusher, producer of branded consumer pack oils, rice and flour One of the largest flour and rice millers Africa United States of America Mexico Guatemala One of the largest investors in oil palm plantations, one of the largest edible oils refiners and producers of consumer pack oils, soaps and detergents Third largest sugar producer * Including subsidiaries, joint ventures and associates 1 As of 31 Dec 2021 2 As of 24 Aug 2022 Netherlands Poland United Kingdom Ukraine Germany Spain Morocco Senegal Liberia Ivory Coast Brazil Russia China Japan United Arab Emirates Pakistan Bangladesh India Myanmar Vietnam Ghana Djibouti Ethiopia Laos Thailand Philippines Uganda Sri Lanka Cambodia Nigeria Kenya Tanzania Malaysia Singapore Papua New Guinea Zambia Mozambique Indonesia Fiji Australia Zimbabwe Mauritius New Caledonia New Zealand South Africa India Largest branded consumer pack oils, specialty fats and oleochemicals producer and edible oils refiner Leading oilseed crusher Leading sugar miller and refiner Australia Largest raw sugar producer and refiner Leading consumer brands in sugar and sweetener market Top 10 global raw sugar producer • Vietnam Largest edible oils refiner, specialty fats manufacturer and oilseed crusher Leading flour miller and grains value- added processor Leading producer of branded consumer pack oils, rice, flour, sauces and condiments Indonesia & Malaysia One of the largest oil palm plantation owners and the largest palm oil refiner, palm kernel and copra crusher, flour miller, specialty fats, oleochemicals and biodiesel manufacturer Largest producer of branded consumer pack oils and third largest rice miller in Indonesia#7Journey so far….. adani wilmar adani wilmar For a healthy growing nation fortune edible oils and foods 2001 2002 2003-2013 2014-2015 2016-2018 2019-2022 fortune® edible oils and foods No1 Launch of Fortune Becomes No.1 brand in India Series of acquisitions across the country: 11 edible oil units Fortune besan Fortune chunkies Fortune arhar dal fortune maida Fortune biryani special bosmall Foray into Foods: Launch of Fortune Besan, Pulses, Rice & Soya Nuggets Commercial Production of Oleochemical at Mundra fortune chakki fresh atta Launch of Fortune Atta & Pro Sugar Conscious Oil sugar Launch poho SUPER FOOD PAV BHAJI K Khichdi of: Fortune Khichdi, Fortune Sugar, Fortune Poha, Fortune Total Balance, Alife Soap Acquisition of 3 units Acquisition of 3 units including foods & Bangladesh business Over two decades of continued commitment towards delivering safe, nutritious & quality Foods#8Snapshot of FY22 Key Highlights *Including third party units Volume 새 Revenue adani wilmar For a healthy growing nation fortune edible oils and foods EBITDA -4.8 Million Metric Tonnes (annual sales) INR 54,385 Crores (USD 6.9 Billion) INR 1,909 Crores (USD 240 Million) $ Manufacturing Units 50+ Plants* Leadership Brand No.1 Edible Oil player No.2 Wheat Flour player No.3 Basmati Rice player Strong Growth Profile 20% CAGR in branded portfolio (FY17-FY22)#9Snapshot of FY22 [Contd...] adani wilmar For a healthy growing nation fortune® edible oils and foods India's largest Food FMCG Company by revenue in India 23+ Years of Experience 18% CAGR on Revenue over FY17-22 *Including employees on contract **Distributors including sub-dealers 17+ Units Acquisitions 11 Lac+ Shareholders 5,500+ 7,300+ Employees* Distributors**#10Key Market Events during the year Second Wave of Covid in Q1FY22 5501 AM SECOND WAVE 84 adani wilmar For a healthy growing nation fortune® edible oils and foods Inflationary Pressure Supply Chain Constraints $ Ukraine War Palm oil export ban by Indonesia Tepid Rural Consumption#11Near Term Outlook GDP expected to grow at plus of 7% in FY23 adani wilmar For a healthy growing nation fortune® edible oils and foods Expectations of Rural demand uptick on the back of normal monsoon Stable commodity prices and inflation under control Broad expectation on crop harvest is positive Declining impact of geo-political risk Overall demand offtake expected in FY23#12Business Updates "Fortune 13 SUPER FOOD Millet Gujarati Khichdi new pack besan 25+ quality test possed product 100% chana dal Net Weight kg Fortune torturefoodsnos fortunefoods.com new pack soya health refined soyabean all new pack biryani classic world's longest groin premium basmati rice fortune® fortunefoods.com new pack ՏՍՈ lite refined sunflower oil Net Weight 1 kg fortunefoods.com fortune® new pack biryani special basmati rice new pack rice bran health physically refined rice bran oil gamma Oryzanol new 1008tto O'maido tw. 1kg new pack soya chunks 100% vegetarian 15X soya#13Robust Distribution Network Proximity to markets: A depot at every 250 KM Central No of Distributors 890 Number of Depots 12 West No of Distributors 1,086 Number of Depots 13 **Distributors including sub-dealers North 1 No of Distributors Number of Depots 635 15 Distributors* 7,300+ North 2 No of Distributors Number of Depots 1,270 18 Retail Reach East 1.6 Million No of Distributors Number of Depots 984 15 adani wilmar For a healthy growing nation fortune edible oils and foods Depots 90 Depots Household reach 113 Million HH South No of Distributors 910 Number of Depots 17 Town Coverage in below 1 Lac Population ~5,286 Towns Strong backbone of best-in-class distribution network * Distribution Growth 20% y-o-y#14Manufacturing Prowess Manufacturing facilities spread across the country Own Units 23 Units Third Party Units 30 Units Company has 23 units segregated as follows: Edible Oil Segment Number of Units 42 2 17 Wheat Flour / Atta 1 Rice Soya Nugget Besan Chana 3 2 4 1 22 2 142 F adani wilmar For a healthy growing nation fortune edible oils and foods 2 Own Units: 2 Toll Units: Ly#15Manufacturing Prowess Integrated Infrastructure across locations Sharing of common supply chain, storage & distribution network Synergies of integrated setup enable us to optimize overall costs Besan and edible oil plant Castor crushing units Crushing of edible oil seeds units Alwar Number of units 2 Number of units 8 Mundra Neemuch Capacity (MT) 420,750 Capacity (MT) 1,980,000 Vidisha Nagpur Haldia Oleochemical units Refinery units Number of units 1 Number of units 19 Capacity (MT)1 90,858 Capacity (MT)1 5,681,760 Food units Number of units 9 Capacity (MT) 813,060 Krishnapatnam adani wilmar For a healthy growing nation fortune® edible oils and foods Pulses, besan, soya chunk and edible oil plant Margarine manufacturing and refinery End-to-end integrated plant Crushing units and refineries ■Integrated to produce Vanaspati, margarine, oleo chemicals and soap bars with raw materials from refining Derive de-oiled cakes from crushing and oleochemicals from palm stearin derived from palm oil refining Castor Food Crush Refineries Oleochemical AWL's huge scale of operations enables to derive multiple cost synergies Integrated plant for soya Covers entire value chain of soya-crushing, producing soya value-added products such as soya nuggets, soya flour, soya flaks and refined soya oil#16Facilities operational during the year Mundra: Oleochemical Plant of 400 Tonnes per day adani wilmar For a healthy growing nation fortune edible oils and foods#17Facilities operational during the year Haldia: Soya Nugget Plant of 50 Tonnes per day NK NO C D PALM LOADWAY adani wilmar For a healthy growing nation fortune edible oils and foods#18Facilities operational during the year Burdwan: Acquisition of Rice Mill DANGE CONFINE ENT adani wilmar For a healthy growing nation fortune edible oils and foods#19Leadership across categories Fortune fortunefoods.com new pack soya health refined soyabean oil #1 in Edible Oils fortune® fortunefoods.com 18.9% 18.0% FY21 new pack ՏՍՈ lite refined sunflower oil fortune® new pack rice bran health physically refined rice bran oil whole of adani wilmar For a healthy growing nation fortune® edible oils and foods #2 in Wheat Flour (Atta) #3 in Basmati Rice fortune fortunefoods.com gamma oryzanol fortunefoods.com 18.8% 19.6% AWL AWL Group* Source: Nielsen MAT 2022 FY22 3.5% new pack chakki fresh atta natural taste natural oromo 100ätta O'maida Net Weight 1kg fortune® new pack dubar basmati rice pure & delicious fortunefoods.com Net Weight 1 kg 4.7% 6.5% 6.1% FY21 FY22 Committed to contributing towards a sustainable sourcing & supply chain FY21 FY22 With Kohinoor, the combined MS% will reach -10%#20Product Innovation & New Launches fortune® edible oils and foods Introducing, Fortune Xpert Total Balance An Oil so balanced, you don't need to switch oil Blend of Flaxseed, Soyabean & Rice Bran Oil Benefits of Balanced fatty acids Ideal ratio of Omega 3: Omega 6 FIRST TIME GOODNESS OF 30 Power of 3Oils in 1 fortune SAFA MET-SOURCE BO Expert total balance fortune Expert fortune total balance MULTI-SOURCE EDEL FIRST TIME EVER GOODNESS OF 3 OLS Fortune ance PUFA nes fortune fortune poha poha (c) fortune SUPER FOOD Khichdi adani wilmar For a healthy growing nation fortune edible oils and foods The King Has Arrived Chowpatty Ka Swaad Aur Salsa Ka Peppy Flavour Ab Karo Fortune SuperFood Khichdi Ke Mexican Salsa Aur Pav Bhaji ke Saath Savour Fortune MUFA 500g Net Weight 500 g best foy Indori poha (thick) ewbo அவல் Hygienically Processed & Packed Soak For 10 Mins Before Cooking Good Source Of Dietary Fibre & Protein Super Soft Pictures are for Representation purpose only fortune Ready To Cook In 1 Whistle 10 SUPER FOOD Millet MEXICAN SALSA Khichdi Bajra Power of 5 Jowar RDAS new fortune fortune Sasmat Fice Chibs Moong Dal 20 3001 Fortune small Bue Chike Mng De 20% of Protein SUL FOOD Millat PAV BHAJI Khichdi 20#21Human Capital adani wilmar For a healthy growing nation fortune edible oils and foods Digitizing Processes & Improving Employee Experience By Leveraging Technology Attendance and leaves records - (biometric, card swipe, location linked clock-ins etc) Customizable HR Documents (Policies, letters) Employee Directory - All the necessary information of your teams and relevant colleagues on your mobile Vibe Complete internal social network Pulse Live employee satisfaction/organization mood tracker Employee Engagement Core HRIS, Leaves & Attendance Recruiting and onboarding ia Data driven and automated solutions to every HR aspect* (Hire to Retire) Employee tax planning and declaration Expenses Management Benefits Management [d] darwinbox Organization Financial management And employee Employee Movements & D Talent Management Development CV parsing/database mgmt Applicant tracking system Process and evaluation management Offer letter auto-generation E-onboarding with candidate login Competency grading and cascading goal Multi stakeholder (360) feedback Continuous Feedback Performance journals Compensation modelling IDP - Individual Development Planning & Succession Planning LMS Learning Management Systems Custom workflows to manage offboarding Easy approvals from multiple stakeholders Documents and handovers on system Employee movement checklists Financial Wellbeing Interest-free Loan Medical, Education & Marriage Housing Loan Interest Subsidy Employee Care Financial support to employees to have their own home Children Education Loan Interest Subsidy Financial assistance to the children of employees for further studies Children Education Scholarship Scheme Scholarship to meritorious children of employees Sports Quota Reward Reward to the wards of employees for representing in national/international sports tournaments Corporate Car Lease Policy To facilitate new car buying for employees with tax benefits Financial Planning Allsec Portal for Tax Planning, Leave Travel Allowance, Meal Cards 88 Family Wellbeing Parental Leaves i. Maternity Leave ii. Paternity Leave iii. Cost incurred covered under Mediclaim Marriage Gifts Employee Benevolent Scheme Financial assistance to the family of deceased employee Emotional Wellbeing Adani Cares i. Central Counselling for Employees & Family ii. Mental Wellness Sessions Leaves & Breaks Paid Leaves, Casual Leaves & Sick Leaves Employee Listening i. Gallup Employee Engagement Survey ii. Great Place To Work Survey iii. SETU - An employee Communication Portal INTERNSHIP & TRAINEE PROGRAMS 3174445 Begin to Rise Young Leaders Acceleration Program Management Trainees Sales Trainees SeeDS Engineering Trainees summer internship Building Talent SETTING OUR EMPLOYEES UP FOR SUCCESS POLARIS Leadership Ascend Advance Managerial Effectiveness Be The Brand Development Program Problem Solving & Decision Making Social Wellbeing Long Service Awards 10, 15, 20, 25 years Monthly Wall of Praise Recognition by colleagues SPOT Recognition For extraordinary contributions by employees Frontline Superstar of the month Monthly Rewards & Recognition Program in Sales Fun @ AWL Engagement Activities & Outbound Trainings Suposhan CSR Leave for 2 days Physical Wellbeing Group Mediclaim Policy 55 Employee, Spouse, Children & 2 dependent parents/parents in-law Group Personal Accident Policy Provides compensation to the employees in event of accidental injuries Periodical Health Check-ups Frequency basis age groups Fitness & Sports i. Ongoing Sports Events ii. Yoga & Wellness Sessions 11#22Environment, Social & Governance Sustainable Sourcing Community adani wilmar For a healthy growing nation fortune edible oils and foods Recyclable Packaging & EPR tune adani wilmar Fortune adani wilmar Fortune adani wilmar Fortune adani wilmar. Fortune adani wilmar Fortune ■ ~90% of palm oil sourced in FY22 was traceable upto Mills ☐ Plan to take this to ~95% by 2026 fortune Surashan A CSR initiative by Adani Wilmar Ltd. Community based project to address the issue of Malnutrition & anaemia ■ SuPoshan has touched more than 1.5 million people across India dani ilmar Fortun Imar dani Fortune adani wilmar Fortune tune dani Almar tune adani har adani Fortune Fortune adani wilmar adani wilmar adani wilmar Fortune st adani India's 1 Recyclable Packaging of Edible Oil ani mar un ■ India's first edible oil company to introduce packaging. recyclable ~97% of packaging is recyclable ■ Collected 60% of plastic generated as part of EPR Committed to contributing towards a sustainable sourcing & supply chain#23Awards & Accolades FOOD SAFETY FOOD SAFETY FOOD SAFETY www fortune Sulashan A CSR initiative by Adani Wilmar Ltd. adani wilmar For a healthy growing nation fortune edible oils and foods SEA Award for "highest Processors & exporters of Rapeseed Oilcake & Castorseed Oilcake" [Conferred by SEA*] CII Food Safety Awards: Mangalore, Kakinada & Neemuch Units [conferred by CII*] Times CSR Award for SuPoshan Project - An initiative to address malnutrition & anaemia *GMP Good Manufacturing Practice CII Food Safety Awards: Commendation for Good Manufacturing Practices - Mundra Rice Unit [Conferred by CII*] Note: SEA Solvent Extractors Association & CII - Confederation of Indian Industry#24Financial Highlights & Performance "Fortune 13 SUPER FOOD Millet Gujarati Khichdi new pack besan 25+ quality test possed product 100% chana dal Net Weight kg Fortune torturefoodsnos fortunefoods.com new pack soya health refined soyabean all new pack biryani classic world's longest groin premium basmati rice fortune® fortunefoods.com new pack ՏՍՈ lite refined sunflower oil Net Weight 1 kg fortunefoods.com fortune® new pack biryani special basmati rice new pack rice bran health physically refined rice bran oil gamma Oryzanol new 1008tto O'maido tw. 1kg new pack soya chunks 100% vegetarian 15X soya#25Financial Performance Revenue (INR in Crores) INR 23,309 Cr. CAGR: 18% INR 54,214 Cr. I I I I INR 799 Cr. adani wilmar For a healthy growing nation fortune edible oils and foods EBITDA (INR in Crores) CAGR: 19% " INR 1,909 FY17 FY18 FY19 FY20 FY21 FY22 FY17 FY18 FY19 FY20 FY21 FY22 Revenue 18% 5-Year CAGR: Strong growth profile with consistent track record EBITDA 19% PAT 27%#26Healthy Margin Profile Asset Turnover ~11x Return on Capital Employed (ROCE) 33% 38% adani wilmar For a healthy growing nation fortune edible oils and foods Net Operating Cashflow Net Op. Cashflow / EBITDA ~ INR 1,160 Crores 60% 29% 27% 26% 23% 20% 25% Return on Networth (RoNW) 19% -17% 25% 19% FY17 FY18 FY19 FY20 FY21 FY22 FY17 FY18 FY19 FY20 FY21 FY22#27Healthy Margin Profile EBITDA per ton CAGR: 15% Consistent improvement in margins FY17 FY18 FY19 FY20 FY21 FY22 10.00 8.00 6.00 4.00 2.25 2.00 adani wilmar For a healthy growing nation fortune® edible oils and foods Earnings Per Share (EPS) CAGR: 22% 6.89 6.37 3.89 3.57 3.39 0.00 FY17 FY18 FY19 FY20 FY21 FY22 Margin profile indicates resiliency inspite of volatile market conditions in the past#28Overall Snapshot adani wilmar For a healthy growing nation fortune edible oils and foods INR in Crores Particulars FY17 FY18 FY19 FY20 FY21 Total Income FY22 23,442 26,561 28,920 29,767 37,195 54,386 Operating Income 23,309 26,472 28,797 29,657 37,090 54,214 EBITDA 788 1,017 1,213 1,414 1,430 1,909 EBITDA Margin % 3.36% 3.83% 4.19% 4.75% 3.84% 3.51% PAT 257 408 387 444 729 804 PAT Margin % 1.10% 1.54% 1.34% 1.49% 1.96% 1.48% Consistent growth in business with gradual margin expansion#29Strategic Priorities & Way Forward "Fortune 13 SUPER FOOD Millet Gujarati Khichdi new pack besan 25+ quality test possed product 100% chana dal Net Weight kg Fortune torturefoodsnos fortunefoods.com new pack soya health refined soyabean all new pack biryani classic world's longest groin premium basmati rice fortune® fortunefoods.com new pack ՏՍՈ lite refined sunflower oil Net Weight 1 kg fortunefoods.com fortune® new pack biryani special basmati rice new pack rice bran health physically refined rice bran oil gamma Oryzanol new 1008tto O'maido tw. 1kg new pack soya chunks 100% vegetarian 15X soya#30Strategy going forward... adani wilmar For a healthy growing nation fortune edible oils and foods Grow the core packaged Foods business Inorganic Growth GTM Strategy for Expansion of distribution network Expand International business for branded foods Leverage institutional clientele for cross selling Foods & HPC Poised to become India's largest Food FMCG player#31#ű phoni health BAT fortune biryani special beson soya ruknamat