Airports Business FY21 Highlights

Particulars Coal Assets - PT GEMS Performance YoY Golden Energy Mines GAR (figures in INR mn) Q4FY2020 Q4FY2021 FY2020 FY2021 Sales Vol. (mn tons) 10.2 9.4 31.0 34.0 Revenues 24,466 20,473 77,776 78,620 EBITDA PAT 2,092 1,395 3,471 8,219 11,294 2,255 4,689 7,100 • Production 6% YoY to 9.5 mn tons in Q4FY21. Production for FY21 9% YoY • Sales volumes 9% YoY in Q4FY21. Sales volume for FY21 10% YoY • Realisation ▼14% YoY to USD 29.7/ton in Q4FY21 from USD 34.7/ton in Q4FY20, mainly because of the decline in the global market prices due to Covid • Reduced Per ton Costs by 22% YoY to USD 24.6/ton in Q4FY21, due to lower strip ratio and lower tier rate to the contractors ⚫ EBITDA per ton USD 2.0/ton YoY to USD 5/ton in Q4FY21, despite the lower prices as a result of proactive efforts to lower stripping cost and reducing cost of production Subsequent Improvement in Indonesian coal prices have resulted into the better profitability ✓ Indonesian coal prices have increased after touching lows in Sep 2020 to ~USD 56-58/ ton currently ✓ PTGEMS Q1CY21 (Jan 2021 - March 2021) performance has significantly improved and achieved EBITDA of USD 135 mn translating to an EBITDA/ ton of USD 15.2 Note: Financials at 100% levely | Entrepreneurship | Teamwork and Relationships | Deliver the Promise I Learning and Inner Excellence | Social Responsibility I Respect for Individual 28

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