Investor Presentaiton

Scenario 1 (Base Case) - Port Business Segment (Financial Forecasts) Port - Revenue & EBITDA (NIS Mn) 2,000 1,500 1,000 29% 26% 845 796 500 245 209 2021 52% 60% 46% 50% 1,781 40% 1,240 570 919 30% 20% 10% 0% -10% 2032 2022 2027 Revenue EBITDA -Margins - Average realization over the forecast period is assumed to increase at ~ 1.5% y-o-y for 2021-27 With current employee cost at around 70% of total operating expenses, the phased retirement plan already agreed with a set of employees, is estimated to provide savings of ~NIS 30 Mn in the 1st year, which increases to ~NIS 100 Mn by the 4th year EBITDA margin estimated to increase from 29% in 2021 to 46% in 2027 due to operational efficiencies driven by economies of scale, mechanization of operations supported by the proposed capex and optimization of manpower costs Standalone Port EBITDA to double in 5 years Annual average RoE for APSEZ (based on Port business) during 2023-27 is at 20% and for 2023-32 is at 60%, in INR terms adani Ports and Logistics 30

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