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Investor Presentaiton

Kawai (1,320 MW) performance update Historical Operating Performance adani Power INR Crores Financial Performance 87% 75% 81% 72% 76% 66% 48% 44% Particulars Q2 FY20 Q2 FY19 H1 FY20 H1 FY19 FY16 FY17 FY18 FY19 Revenues 1,634 1,130 2,574 1,933 ■Billed Availability PLF Of which Exceptional 824 173 880 356 Operating Performance Parameters Q2 FY20 Q2 FY19 H1 FY20 H1 FY19 Fuel Cost 390 488 857 736 Billed Availability 78% 80% 82% 57% Other Opex 63 242 110 521 PLF 62% 67% 67% 53% EBITDA 1,181 401 1,607 675 Net Units Sold 1.69 BU 1.98 BU 3.64 BU 3.00 BU PPA Tariff/u 4.54 4.14 4.41 4.01 Coal Consumed (MMT) 1.02 1.22 2.19 1.87 Fuel Cost/u 2.31 2.46 2.35 2.45 Coal Mix (Dom: 100:0 91:9 100:0 95:5 Imp %) Lower billed availability due to planned and forced outages of Units, dip in PLF due to lower grid demand Jump in EBITDA due to recognition of claim of Rs. 125 Cr. for coal shortfall and Rs. 722 Cr. for Carrying cost 52
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