Investor Presentaiton

Value Accretive Growth with Healthy Debt & Return Metrics JSW Energy 4.6 GW (Current) 10 GW 20 GW New Growth Platforms ~5x Further Upside ↑ ~2.5x ~3,000-3,200 Cr EBITDA -6x Further Upside ↑ -3x ~800 Cr PAT Net Debt/EBITDA JSW Energy Investor Presentation <4.5x < 4.0x 1.74x Maintained at a healthy level Existing Portfolio (4.6 GW) • . Generating healthy CF & returns 1 of >15% Steady operations and robust financial: Gross Cash Accruals (GCA) of > 2,000 Crore p.a. 86% of portfolio tied-up under Long Term PPA: Remaining Avg. Life of PPA: ~20) 0 years Remaining Avg. Life of Assets: ~30 years * Growth Portfolio: 1. Renewable Capacity Addition of ~15 GW by 2030 To have similar return profile of mid teen IRRS Existing 4.6 GW portfolio and new additions to generate strong cash flows to fund 2 GW p.a. growth upto FY30 and >3 GW p.a. growth post FY30 2. New Energy Growth Platforms to provide further Upside Calculated as GCA/Adj. NW. 18.6% average return over FY16-21 and 18% for FY21. FCFE/Adj. NW is -15% Adj NW Networth adjusted for non-strategic equity investments held 'Current' figures are as of FY21, except Net Debt/EBITDA which is as on Dec 31, 2021 18

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