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Investor Presentaiton

Snapshot of financial performance adani Power INR Crores Summary Income Statement Q3 FY21 Q3 FY20 % var (Q3 vs Q3) % var 9M FY21 9M FY20 (9M vs 9M) Operating Revenue 6,894.84 6,574.82 5% ! 19,847.88 20,295.29 -2% Other Income Total Revenue 204.36 109.69 86% 1,399.79 1,218.94 15% 7,099.20 6,684.51 6% ! 21,247.67 21,514.23 -1% Fuel cost⭑ 4,595.44 4,458.72 3% ¡ 11,049.60 13,092.67 -16% Other Opex^ 676.46 668.40 1% EBITDA 1,827.30 1,557.39 17% 1,744.10 8,453.97! 1,721.88 1% 6,699.68 26% Recurring EBITDA (adjusted for non- 1,794.12 1,506.95 19% 4,945.61 4,782.95 3% recurring revenue & operating exp.) Finance cost 1,223.40 PBT before Exceptional 1,422.77 (205.75) (648.56) -14% 3,979.31 4,070.93 -2% 2,054.56 Exceptional items 390.66 (1,002.99) PBT PAT (205.75) (648.56) (288.74) (702.40) 2,054.56 (612.33) • 1,256.85 i (961.91) Total Revenue includes one-time revenue of Rs. 3,567 crore in 9M FY21 (Rs. 73 crore in Q3 FY21), mainly related to compensatory tariff and carrying cost, as against Rs. 1,940 crore in 9M FY20 (Rs. 64 crore in Q3 FY20) Softening of domestic and imported fuel prices resulted in slower increase of fuel cost for Q3 FY 21 Recurring EBITDA for Q3 FY21 improved due to higher volumes as well as lower landed cost of coal Reduction in finance cost in Q3 FY21 due to lower interest rates and favourable forex movement Exceptional item in 9M FY20 relates to write-off of certain amounts upon acquisition of REGL *Includes cost of alternate power purchase ^ Includes purchase of trading goods 17
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