Investor Presentaiton

H1 FY 2019-20: Revenue Mix H1 FY19 1933 1733 3660 5300 H1 FY20 Consolidated Revenues* 2574 Rs. 11,617 Cr 28% Rs. 14,830 Cr ■APMUL APML APRL UPCL ■ REL 1242 H1 FY19 ■ PPA 1567 4153 adani Power INR Crores 292 7367 ■APMUL APML APRL UPCL ■ REL H1 FY20 2702 Power Sales (Mn units) 22,771 MUS 32% 30,122 MUS 21529 ■Merchant/Medium term Avg. PPA tariff Avg. Merchant/Medium term tariff Rs. 3.84/kWh Rs. 4.28/kWh 27420 ■ PPA ■Merchant/Medium term *Consolidated revenue after Avg. PPA tariff Rs. 4.14 / kWh Eliminations Avg. Merchant/Medium term tariff Rs. 4.07/kWh 33

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