Investor Presentaiton

APSEZ: Leverage ratios Gross Debt, Net Debt & Average Maturity adani (YoY, in INR Cr) Ports and Logistics Rating Ratios* 7.0 49,819 27% 47,177 45,453 25% 23% 24% 23% 6.0 22% 39,989 38,696 21% 5.5 18% 34,401 28,472 5.1 31,666 5.7 5.9 5.1 4.5 FY21 FY22 FY23 H1 FY24 Mar'2021 Mar'2022 Mar'2023 Sep'23 Net Debt Gross Debt Average Maturity (years) FFO/Gross Debt (13% - 15%) FFO Interest coverage (3x-4.5x) FFO / Net Debt (18% -25%) (in USD mn) FX Revenue and FX Debt Coverage 2.8 2.5 3.6 ill 474 630 742 FY21 FY22 412 1.3 FX Revenue FY23 H1 FY24 FX Maturity Coverage *FFO (Funds from operation): EBIDTA - Interest and Tax paid in cash + Interest received in cash | 4.4 3.4 Net Debt to EBITDA 2.5 2.9 2.9 3.3 3.0 3.1 2.8 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 H1 FY24 26

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