Investor Presentaiton

APSEZ: A Leader In Ports And Logistics Infrastructure Sector Leading Developer of Ports & Related Infrastructure Delivering on Strategic Priorities India's benchmark to global ports in terms of strengths, capacities and operations • 9 ports in operation, 2 under development and 3 ICDS • Diversifying and enhancing cargo across assets • • Market Share 21.2%1 Pan-Indian integrated logistics service provider Long standing customer relationships and strong business partnerships Successful track record of integrating acquisitions Revenue US$ 1,563 mn² Developed and operating 18 terminals with 47 berths and 2 single-point mooring facilities Successfull Track Record of Project Development and Execution Recent highlights . Key Financial Strengths . adani Forts and Logistics Kattupalli 2018 Ennore Container Terminal 2017 CT-4 at Mundra 2016 ($ Murmugao, Vizag, Kandla Terminals 2015 EBITDA US$1,011 mn² Delivered double digit revenue growth over the last three years: 11.5% over FY17 - FY19 with consistently high EBITDA margins Established track record of investment grade ratings Successful in de-levering the company Net Debt/ETBIDA 2.9x3 India's Largest Private Developer and Operator of Ports and Related Infrastructure Note: 1. As a percentage of total imports and exports handled at all ports in India in financial year ended March 31, 2019 2. Revenue for the financial year ended March 31, 2019. Revenue refers to the total revenue from APSEZ operations minus other income. Average USD/INR exchange rate of 69.8889 for Fiscal Year 2019. 3. Net Debt as of March 31, 2019, EBITDA for the financial year ended March 31, 2019; Net Debt = Gross Debt (Excl. Bills Discounted) less Cash and Cash Equivalents, Bank Balances, and Current Investments 5

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