Investor Presentaiton

Q2/H1 FY 2019-20: EBITDA Mix Q2 FY19 401 273 57 557 Q2 FY20 2 Consolidated EBITDA* 244 323 Rs. 2,806 Cr 20% Rs. 2,248 Cr 2007 1181 ■APMUL APML APRL UPCL ■ REL H1 FY19 675 -125 566 2883 adani Power INR Crores 475 ■APMUL APML APRL UPCL ■ REL H1 FY20 Consolidated EBITDA* 2 899 1509 Rs. 4,095 Cr 26% Rs. 5,142 Cr 1607 1096 ■APMUL APML APRL UPCL ■ REL *Consolidated EBITDA after Eliminations ■ APMUL ■ APML APRL UPCL ■ REL 34

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