Investor Presentaiton

AEL A Successful Incubator Development Attractive pipeline Attractive incubation portfolio under AEL with each business well positioned to become the next infrastructure unicorn Incubation track record Past incubation success stories include AGEL, ATL, ATGL and APSEZ all of which are leaders in their respective sectors Leading B2C transition Leading Adani transition into B2C businesses through Airports (200 mn consumers), Digital (Adani Super App) and Food FMCG business Operations Food FMCG (Adani Wilmar) AWL has maintained its leadership position in food FMCG with its "Fortune" brand and continues to lead refined edible oil market with more than 20% market share Technology backed operations Integration of technology in operations across businesses to drive efficiencies and improve realisations Developing Supply chain Manufacturing Bloomberg Tier 1 certified solar cells and modules Value Creation adani Value to shareholders Significant value creation for shareholders - CAGR of 36% over 27 years Investment growth by ~2,000x Efficient Capital Management Capital management plan in line with underlying business philosophy Diversification of funding sources ESG and Sustainability Focus ESG Philosophy ingrained in Business Robust ESG Framework with commitment backed by policies and assurance 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; AWL: Adani Wilmar Limited 6

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