Investor Presentation
Azure Power Investment Highlights
Azure Power represents a unique opportunity within the high-growth Indian solar
market
✓
Azure's highly scalable model and superior execution has led to an increase in our implied market share (1) to
~14%
✓ ~1.6 GW portfolio offers revenue growth of 108%(1)
✓ Locked- in contracts to deliver US$115mn of incremental revenue growth (1)
✓ Operating project CAGR of 99% since March 31, 2012 through January 31, 2018 (2)
✓ Azure's integrated business model and access to low cost of capital delivers 20+ % equity returns
Note: All USD tariff rates are based on illustrative 63.83 INR/USD exchange rate. 1. Incremental share% calculated as Azure Incremental capacity Won/tendered Capacity participated from Mar'16-Jan'18 (1) Excludes 260 MWs of recently won capacity
2) excludes recently announced completions
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