Investor Presentation

Here is the summary of the investor presentation: **1. Business Performance:** Adani Power (APL), India's leading private baseload generator, reported stellar Q1 FY27. Revenue soared 33% YoY to ₹19,322 Cr, PAT climbed 47% to ₹4,867 Cr.

APL operates 18,330 MW, maintaining 40% EBITDA margins. **2. Growth Drivers or Strategy:** APL's core strategy: massive expansion with 23.7 GW future capacity locked-in (land/equipment secured). High operational efficiency via AI and in-house logistics ensures 90%+ plant availability and margins, backed by 95% long-term PPAs. **3. Recent Developments:** APL showcased asset turnaround expertise, reviving 7.5 GW of stressed assets.

It also secured 13.9 GW of new Power Purchase Agreements (PPAs) from state DISCOMs, ensuring future revenue. **4. Key Financial Metrics:** Q1 FY27 highlights: Revenue +33% (₹19,322 Cr), PAT +47% (₹4,867 Cr). Net Debt to Continuing EBITDA improved to 2.12x (Jun'26 TTM) from 9.75x (FY19). **5. Management Commentary / Outlook:** Management targets 42,050 MW capacity, leveraging India’s surging demand.

APL plans to self-fund its ₹202k Cr capex (next 7 years) from ₹140k Cr FFO from existing assets, with growth from 13+ GW in upcoming PPA bids.