Investor Presentaiton

Adani Airports Poised to become the Leading Airport Operator in India Jaipur FY18 Px: 4.7 Mn Lucknow FY18 Px: 4.8 Mn Ahmedabad FY18 Px: 9.2 Mn Mangaluru FY18 Px: 2.3 Mn Trivandrum FY18 Px: 4.4 Mn adani Key Highlights of Recently Won Projects Qualified Successful Bidder of 6 of India's Leading Strategically located Airports handling 30+ million passengers Robust Portfolio Tracking Consumption Trend - Passenger Traffic Growth of 17% for 6 airports vs. India's Traffic Growth of 12% (5 years) Guwahati FY18 Px: 4.7 Mn Robust Concession Structure - 50 year concession, 100% Ownership Operating in a stable regulatory environment - Hybrid Till model (Post tax return on regulated asset base with pass through on all costs and taxes) with Upside from 70% of Non- Aero Business Large Non Aeronautical Potential - Current Spend of INR 80/pax vs Privatized airports of INR 200-300 / Pax Circle size indicates FY18 passenger traffic Significant Expansion Potential - Opportunity to Expand Combined Capacity to over 100 mn Pax in the next 10 years Large and attractive land for monetization - 225 acres available 37

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