Investor Presentaiton

Scenario 1 (Base Case) - Consolidated Port and Real Estate Business Segments (HPC) Revenue & EBITDA HPC: Port + Real Estate (NIS Mn) 80,000 Cash Inflows to APSEZ from HPC 505% 500% 70,000 2,000 60% 52% 400% 60,000 45% 50% 1,500 300% 50,000 40% 200% 1,000 26% 919 40,000 29% 753 30% 30,000 27% 22% 30% 26% 37% 48% 56% 67% 82% 100% 500 245 209 20% 20,000 0% 845 796 1,662 1,781 10,000 10% ,287 3,512 ,632 ,021 ,811 79,197 520 -100% 2021 2022 2027 2032 0 -200% Revenue EBITDA - Margins 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 Estimated Annual dividends to APSEZ (INR Mn) Return on Equity Key Assumptions for RoE calculation: Annual average RoE calculation is after considering a withholding tax of 10% Base NIS to INR conversion rate assumed at INR 23 per NIS Annual average depreciation of INR to NIS is 4.75% for the last 10 years, which has been used to calculate the return in INR Annual average RoE for APSEZ during 2023-27 is at 28% and for 2023-32 is at 90%, in INR terms The overall payback period for equity investments is just 4 years Total cash inflow to APSEZ during 2023-28 is ~INR 100 Bn (~6x the equity invested) 32 32 adani Ports and Logistics

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