Investor Presentaiton

TATA POWER TATA Strong Correlation between GDP and Power Demand Growth India has one of the lowest power consumption per capita (IN UNITS) 30,000 Ratio of Power Growth to GDP growth has increased in the past 5 years Monthly Energy Requirement (IN BUS) 1.11x 1.2x 155.0 All India Coal-Based Generation Plants' PLF at 68% (IN %) 85% 25% 25,000 20,000 6.0% 5.7% 5.0% 0.94x 5.3% 4.0% 15,000 3.0% 10,000 5,000 0 India Brazil UK China Germany France Russia Japan US Canada Norway Data represents per capita power consumption for CY22 Source: ember-climate.org tatapower.com 2.0% 1.0% 0.0% Past 10 years 80% 78 135.0 1.0x 20% 75% 115.0 4.4% 71 0.8x 15% 4.0% 95.0 70% 68 Past 5 years 0.6x 75.0 10% 65% 0.4x 55.0 35.0 0.2x 15.0 0.0x -5.0 Mar-23 Power Generation BUS are provisional in nature FY23 GDP calculated based on growth rate figures as per RBI FY22 GDP are advanced estimates of RBI GDP Growth (CAGR) Power Generation Growth (CAGR) --Power Gen growth GDP growth (RHS) Source: RBI & Powermin May 22 Apr 22 Jun 22 Mar-23* Feb 23 Jan 23 Dec 22 Nov 22 Oct 22 Sep 22 Aug 22 Jul 22 Energy Requirement - YoY Growth Source: CEA 5% 60% 9000 55% 0% 50% -5% Jan 23 Dec 22 Nov 22 Oct 22 Sep 22 Aug 22 Jul 22 Jun 22 May 22 Apr 22 Central Sector -- Private Sector Source: NPP 20 67 Mar-23* Feb 23 All India State Sector 17

View entire presentation