4 Adani Portfolio: Decades long track record of industry best growth with national footprint Note: 1. Data for FY22; 2. Margin for ports business only, Excludes forex gains/losses; 3. EBITDA = PBT + Depreciation + Net Fin ance 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. Secular growth with world leading efficiency APSEZ ATL AEL APL ATGL AGEL National footprint with deep coverage Growth 3x EBITDA 70% 1,2 Growth 5x EBITDA 92% 1,4 Growth 1.4x EBITDA 25% 1,3 Growth 3x EBITDA 92% 1,3,5 Utility 92% Transport 85% Consumers Served ~400 mn Core Portfolio