5 STRICTLY PRIVATE AND CONFIDENTIAL Adani: A World Class Infrastructure & Utility Portfolio 5 ~USD 222 bn 1 Combined Market Cap 1 . Combined market cap of all listed entities as on Dec 30, 2022, USD/INR – 82.79 | 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 ANIL New Industries AdaniConneX 4 Data Centre ( 100% ) (5 0% ) AAHL Airports ARTL Roads (10 0% ) (10 0% ) ( % ): Promoter equity stake in Adani Portfolio companies (%): AEL equity stake in its subsidiaries A multi - decade story of high growth centered around infrastructure & utility core Adani Portfolio’s Listed Entities Energy & Utility Transport & Logistics Infrastructure & Utility Core Portfolio AGEL Renewables ATL T&D ATGL Gas Discom APL IPP APSEZ Ports & Logistics NQXT 2 (60.8 % ) (74.2 % ) (37.4 % ) (75.0 % ) (65.1 % ) (100 % ) AWL Food FMCG ADL Digital (10 0% ) (44.0 % ) PVC Mining Services & Commercial Mining (100%) (100%) Copper, Aluminum (100%) Materials, Metal & Mining Cement 5 (63.2 % ) Primary Industry Direct to consumer Emerging B2C AEL (72.6 % ) Incubator Flagship