Investor Presentaiton

Healthy Operations and Financials JSW Energy Business model resilient with steady cashflow generation despite several sectoral headwinds 86% Capacity under LT PPA1 ~95% EBITDA contribution from LT Net Generation (BUS) 20 BUS Net Generation Figures are for FY21 Total Income³ (Crore) 2,004 Crore Gross Cash Accruals² 22.1 9,506 21.3 20.0 8,560 7,160 ✓ Stable operations despite Covid pandemic impact High LT PPA tie-up rendering high cash flow visibility Almost all LT PPA under two-part tariff (imported/domestic fuel cost/forex pass through) • ✓ Steady EBITDA and Cash Profit Generation ✓ One of the lowest O&M cost in the sector ✓ Diversified off-takers • All plants placed favorably in Merit Order Despatch . Hydro projects under 'must-run' status FY 19 FY20 FY21 FY19 FY20 FY21 EBITDA (Crore) Gross Cash Accruals 2 (Crore) 3,221 3,244 3,144 2,128 1,892 2,044 44% 34% 38% FY 19 FY20 FY21 FY19 FY20 FY21 JSW Energy Investor Presentation LT Long Term ;; 1 - As on Dec 31, 2021 the figure stands at 84% 7 2- Calculated as PAT+ Depreciation+ Deferred Taxes+ Exceptional items 3-Not comparable YoY in FY21 due to Change to Job Work Model Partially

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