Recent 4 GW Project Win Is Value Accretive slide image

Recent 4 GW Project Win Is Value Accretive

FY'20 Key Performance Metrics XX XX Azure Power EA P • 1,808 MW Operating 25% increase (1) 367 MW (610MW DC) commissioned since March 2019 7,115 MW(3) Operating & Committed 112% increase 707 MWs are under construction 600 MWs under development • 4 MW (11 MW DC) commissioned in Q4 FY20 • 2,000 MWs has LOA LOA awaited for 2 GW(3) US$ 0.43m Project Cost/MW (DC) 27% reduction (2) DC cost per MW US$ 0.59 mn for FY19 AC cost per MW US$ 0.58 mn for FY20 AC cost per MW US$ 0.73 mn for FY19 US$ 43.0 mn CFe for Operating Assets 15% increase(1) Increase primarily due to higher revenues 1) % Increase/Reduction in INR over figure from March 2019. 2) Excludes the impact of Safe Guard Duties (SGD). Including the SGD impact, FY'20 AC cost would have been higher by US$ 0.07mn, and FY'20 DC cost would have been higher by $0.04mm. 3) 2,000 MWs of Committed Capacity is a greenshoe option that has been exercised by the company as part of an auction that was won but this capacity has yet to receive a Letter of Award Note: Exchange rate INR 75.39 to US$1 (New York closing rate of March 31, 2020) 19
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