Adani Enterprises : AGM FY22

Adani Enterprises Ltd

30th Annual General Meeting

26th July, 2022 Tuesday

10:00 AM

Presented by

Mr. Jugeshinder Singh - Group CFO

1

Contents

01	Group Profile
02	Company Profile
03	Operational and Financial Highlights
04	Way Forward
05	Responsible Incubator - Enabling Value Creation
06	ESG Framework

2

Group Profile

3

Adani: A World Class Portfolio

~USD 170 bn1 Combined Market Cap

Flagship		Infrastructure & Utility Core Portfolio
Incubator			Energy & Utility		Transport & Logistics
(72.3%)		(60.5%)	(73.9%)	(65.6%)			(100%)
AEL		AGEL		ATL		APSEZ			NQXT2
	Renewables		T&D		Ports & Logistics
		(37.4%)		(75.0%)
		ATGL		APL
		Gas Discom		IPP

(100%)	(50%)	(100%)	(100%)
ANIL		AdaniConneX4		AAHL		ARTL
New Industries		Data Centre		Airports		Roads

Primary Industry

Materials, Metal &

Mining

(100%)

Cement *

(100%)

PVC

(100%)

Copper, Aluminum

(100%)

Mining Services & Commercial Mining

Emerging B2C

Direct to consumer

(44.0%)

AWL

Food FMCG

(100%)

ADL

Digital

(%): Promoter equity stake in Adani Portfolio companies (%): AEL equity stake in its subsidiaries

- Represents public traded listed verticals

A multi-decade story of high growth centered around infrastructure & utility core

1 . Combined market cap of all listed entities as on June 30, 2022, USD/INR - 78.90 | 2. NQXT: North Queensland Export Terminal | 3. ATGL: Adani Total Gas Ltd, JV with Total Energies | 4. Data center, JV with EdgeConnex, AEL:

Adani Enterprises Limited; APSEZ: Adani Ports and Special Economic Zone Limited; ATL: Adani Transmission Limited; T&D: Transmission & Distribution; APL: Adani Power Limited; AGEL: Adani Green Energy Limited;

AAHL: Adani Airport Holdings Limited; ARTL: Adani Roads Transport Limited; ANIL: Adani New Industries Limited; AWL: Adani Wilmar Limited; ADL: Adani Digital Limited; IPP: Independent Power Producer

* Acquisition of Ambuja Cements Ltd and ACC Ltd for ~66MTPA of capacity is under regulatory approvals and with this acquisition, Adani is now India's second largest cement manufacturer

4

Adani: Decades Long Track Record of Industry Best Growth Rates Across Sectors

Port Cargo Throughput (MMT)

Renewable Capacity (GW)

Transmission Network (ckm)

CGD7 (GAs8 covered)

12%

3x

4%

Industry

2014	972 MMT	113 MMT
2022	1,320 MMT	312 MMT

132

%

5x

25%

Industry

2016	46 GW	0.3 GW
2022	150 GW9	20.3 GW6

18%

3x

6%

Industry

2016	320,000 ckm	6,950 ckm
2022	456,716 ckm	18,795 ckm

	36%
25%	1.4x
Industry

2015	62 GAs	6 GAs
2022	293 GAs	52 GAs

APSEZ	AGEL	ATL	ATGL
Highest Margin among	Worlds largest	Highest availability	India's Largest private CGD
Peers globally	developer	among Peers	business
EBITDA margin: 70%1,2	EBITDA margin: 92%1,4	EBITDA margin: 92%1,3,5	EBITDA margin: 41%1
Next best peer margin: 55%	Among the best in Industry	Next best peer margin: 89%	Among the best in industry

Transformative model driving scale, growth and free cashflow

Note: 1. Data for FY22; 2. Margin for ports business only, Excludes forex gains/losses; 3. EBITDA = PBT + Depreciation + Net Finance Costs - Other Income; 4. EBITDA Margin represents EBITDA earned from power

supply 5 . Operating EBITDA margin of transmission business only, does not include distribution business. 6. Contracted & awarded capacity 7. CGD: City Gas distribution 8. GAs - Geographical Areas - Including JV |

Industry data is from market intelligence 9. This includes 17GW of renewable capacity where PPA has been signed and the capacity is under various stages of implementation and 29GW of capacity where PPA is yet to	5
be signed'