Investor Presentaiton

Q2 FY 2019-20: Revenue Mix Q2 FY19 1130 736 3404 2885 adani Power Q2 FY20 INR Crores 292 Consolidated Revenues* 394 1634 3108 Rs. 7,657 Cr 11% Rs. 6,815 Cr ■APMUL APML APRL UPCL ■ REL Q2 FY19 1007 13589 ■Merchant/Medium term ■ PPA Avg. PPA tariff Avg. Merchant/Medium term tariff Rs. 3.86/kWh Rs. 4.28/kWh 1871 ■APMUL APML APRL UPCL ■ REL Q2 FY20 1969 Power Sales (Mn units) 14,596 MUS 7% 13,605 MUS 11636 ■ PPA ■Merchant/Medium term *Consolidated revenue after Avg. PPA tariff Rs. 4.20/kWh Eliminations Avg. Merchant/Medium term tariff Rs. 3.89/kWh 32

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