1 . Combined market cap of all listed entities as on Sep 30, 2022, USD/INR - 81.55 | 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

5. Cement business includes 63.15% stake in Ambuja Cement which in turn owns 50.05% in ACC Limited. Adani directly owns 6.64% stake in ACC Limited. Ambuja and ACC together have a capacity of 66 MTPA,

4

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%10

Next best peer margin: 55%

Among the best in Industry

Next best peer margin: 89%

Among the best in industry

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 cap acity 7. CGD: City Gas distribution 8. GAs - Geographical Areas - Including JV | Industry data is

5 5

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 be signed' 10. Data for

FY21