Slides
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Adani Total Gas Limited Q2 & H1FY26 Earnings Presentation CGD | e-Mobility | Biomass STRENGTH WITH RESILIENCE
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01 Executive Summary 02 ATGL – Operational and Financial Performance – H1 & Q2FY26 03 Sustainable Business Update 04 ESG Update 05 Rationale for Investment 06 About Adani Total Gas Limited 07 ATGL: Digitization and Customer Delight 08 ATGL: Promoter’s Overview 08. a Adani Portfolio 08. b TotalEnergies Annexure Contents
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ADANI TOTAL GAS LIMITED 33 ATGL – Operational and Financial Performance - Executive Summary 01
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Operational and Financial Highlights –H1FY26 – Y-o-Y CGD - Operational Highlights ➢ CNG Stations increased to 662, Added 15 CNG stations, with 129 being CODO/DODO stations ➢ Steel pipeline network increased to ~ 14,524 inch-km ➢ Crossed 1 million+ PNG Home Connection, 53,287 homes connected to PNG ➢ PNG Commercial & Industrial connection Customers increased to 9603. Volume (MMSCM) ADANI TOTAL GAS LIMITED 4 Revenue from Operations 3060 EBITDA 603 PBT 436 PAT 19% CNG 376 9% PNG 171 Financial Highlights – Standalone (INR Cr) 3% 8% 324 9% 20%
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ADANI TOTAL GAS LIMITED 55 02 ATGL – Operational and Financial Performance – H1FY26
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Infrastructure Update : As on 30 Sept 2025 PNG Connections Steel Network in Inch-KmCNG Stations Addition of ~ 26,418 Domestic Connections in Q2FY26 Addition of 147 Industrial and Commercial Customers in Q2FY26 ~327 Inch – Km pipeline in Q2FY26 and ~ 752 added in H1FY26 ADANI TOTAL GAS LIMITED 12 CNG station added in Q2FY26 and 15 in H1FY26 6 Break up of CNG Stations COLO - Co-Located CODO - Company Owned Dealer Operated DODO – Dealer Owned Dealer Operated 650 662 30-Jun-25 30-Sep-25 9.9 10.16 30-Jun-25 30-Sep-25 No of Households (Lakhs) 14197 14524 30-Jun-25 30-Sep-25 533 38 91 662 COLO CODO DODO Total 6,466 6,587 2,990 3,016 30-Jun-25 30-Sep-25 Commercial Industrial
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157 171 H1FY25 H1FY26 315 376 H1FY25 H1FY26 Volume & Gas Sourcing –H1FY26 - Y-o-Y CNG Volume has increased by 19% Y-o-Y on account of CNG network expansion across multiple GAs ADANI TOTAL GAS LIMITED CNG PNG 7 Volume in MMSCM Increase of New GAs volume mix to 35% in H1FY26 from 32% in FY25 37% 22%6% 35% Ahmedabad Faridabad Vadodara & Khurja New GAs Gas Sourcing Update Geographic Spread Geographic Spread With recovery of Industrial Volume and addition of new Domestic & Commercial connection, PNG Volume increased by 9% • Portfolio diversification and Recalibration through long term agreements: ❖ Brent linked contracts added in the portfolio ~14% of the portfolio ❖ HPHT volumes from IGX on priority allocation is being procured by ATGL • HPHT price has reduced to $9.77/MMBTU w.e.f. 1st October 2025 • On account of higher CGD demand and lower APM allocation, there has been shortfall of ~52% in APM gas in H1 FY26 • Overall NWG allocation at CGD level reduced to 2.4 MMSCMD from ~3.5 MMSCMD 19% 9%
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621 603 H1FY25 H1FY26 EBITDA 2553 3060 H1FY25 H1FY26 Revenue from Operations 355 324 H1FY25 H1FY26 PAT 477 436 H1FY25 H1FY26 PBT Key Financials –H1FY26 - Y-o-Y ADANI TOTAL GAS LIMITED All Fig in INR Crs 8 Y-o-Y Comparison ➢ Revenue from operations rose by 20% on account of higher volume preliminary on CNG segment. ➢ Besides higher volume, the gas cost increased by 30% largely due to the lower allocation of APM to CNG segment being replaced by high priced NWG and HPHT gas. ➢ Further, exchange rate appreciating ~4% on a YoY basis against INR, further adding pressure on gas cost ➢ Despite these challenges, ATGL delivered a volume and revenue growth, with EBITDA of INR 603 Cr for H1FY26, driven by a calibrated pricing strategy and operational cost optimization. ➢ Subsequently PBT declined by 8% and PAT declined 9% Y-o-Y. 8% 9% 20% 3%
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1746 1921 FY25 H1FY26 Gross Debt 5266 5527 FY25 H1FY26 Net Fixed Assets Key Financials – Healthy Balance Sheet - H1FY26 - Y-o-Y ADANI TOTAL GAS LIMITED All Fig in INR Crs 9 ➢ ATGL continues to grow its infrastructure asset base and has added over INR 261 Crs to INR 5527 Crs while debt has increased by INR 175 Crs ➢ ATGL has a Healthy Balance Sheet with Net Debt to EBITDA is at 1.16x ➢ ATGL rating has been upgraded to AA+ (Stable) by ICRA with stable outlook in August 2025 ➢ ATGL has broadened its credit rating coverage with two additional agencies—Care Ratings and CRISIL— both assigning a rating of AA+ with a Stable outlook INR 261 Crs INR 175 Crs Net Fixed Assets : Includes Property, Plant and Equipment, Right-of-Use Assets & Capital Work-In-Progress 1.06 1.16 FY25 H1FY26 Net Debt to EBITDA 0.42 0.43 FY25 H1FY26 Debt to Equity
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ADANI TOTAL GAS LIMITED 10 Volume & Financials –Q2FY26 - Y-o-Y All Fig in INR Crs 313 302 Q2FY25 Q2FY26 EBITDA 240 217 Q2FY25 Q2FY26 PBT 178 162 Q2FY25 Q2FY26 PAT 1315 1569 Q2FY25 Q2FY26 Revenue From Operations 19% 3% 9% 9% CNG Volume has increased by 18% Y-o-Y with network expansion of CNG stations 162 191 Q2FY25 Q2FY26 80 89 Q2FY25 Q2FY26 11% 18% CNG PNG Volume in MMSCM PNG Volume has increased by 11% Y-o-Y due to penetration in the market. ATGL delivered an increase in volume and revenue with EBITDA of INR 302 Crs in Q2FY26, despite reduce in APM and increase in USD against INR, through calibrated pricing strategy and Opex optimization.
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ADANI TOTAL GAS LIMITED 11 ADANI TOTAL GAS LIMITED 1111 Sustainable Business Update 03
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New Clients Addition during the H1FY26 ADANI TOTAL GAS LIMITED E-mobility and Biomass Business Update 4209 CPs Installed Charging Points (CPs) 26 States / UT 226 CitiesPresence ~42 MWInstalled Capacity Focusing on B2B Clients to improve utilization 3234 CPs Added 495 CPs in Q2FY26Energized Charge Points 12 • A total of 804 MT of CBG was sold in H1FY26, including 357 tons to CBG DODO station. • In H1FY26, Manure (Incl Digestate) sales achieved 2,388 MT; ~10,000 MT digestate available • Harit Amrit brand FOM launched in UP, MP, Gujarat— key milestone in regional expansion E-mobility Business Update Biomass Business Update Navi Mumbai International Airport
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ADANI TOTAL GAS LIMITED 131313 ESG Framework & Sustainability Update – Q2FY26 04
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ADANI TOTAL GAS LIMITED 14 ATGL: Sustainability Initiatives – Environment, Social & Governance Initiatives Achievement in Q2 • Total 630+ HCV fleets running on low carbon fuel. • Installed rooftop solar plants with a capacity of 24 kW at filling stations, bringing the cumulative capacity to 967.16 kW. • 50,000 trees (mass plantation) activity work is in progress at Pusad, Maharashtra • 1.03 Million continuous safe man hours, 0.31 LTIFR and 8350 safety training hours in Q2. • Conducted 142 safety training program covering 666 employees. • Human rights refresher training assigned through E-Vidhyalaya portal. Solarization Greenmosphere Decarbonization of fleets Target for FY 2025-26 Sustain 100% decarbonization of fleet 2.0 MW total rooftop solar capacity 50,000 tree plantation <0.75 Lost Time Injury Frequency ( LTIFR ) Sustain 100% all Plants and Offices coverage 100% Training Employee Fatality at workplace Assessment for plant & Office HSE Working condition Training on Human Rights
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ATGL: Sustainability Updates Adani Foundation Vision Care Program • In vision care program, target for FY 2025-26 will be 25000 students to be covered for eye checkup • SDGs Alignment 15 Awards & Accolades CRISIL ESG Rating FY25 ADANI TOTAL GAS LIMITED HSE Award • Bhandara, Gadchiroli GA – Leader in Safety integrity and technical excellence Sustainability Award • Cuddalore GA – Leader in Sustainability and Green Initiative " • ESG rating of ATGL increased to ‘Crisil ESG 61’- Strong from ‘Crisil ESG 59’- Adequate earlier ATGL ’s Flagship HSE Program: Samarthan 4.0 • System to assess and improve Business Partners and Geographical Areas commitment towards safety. • 34 Geographical Areas (GA), Mundra and subsidiary companies were assessed
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ADANI TOTAL GAS LIMITED 161616 Rationale for Investment 05
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436 648 FY20 FY25 PAT ATGL : Strong Growth with Financial Discipline ADANI TOTAL GAS LIMITED All Fig in INR Crs except ratios 639 1167 FY20 FY25 EBITDA 17 13% 8% 0.24 0.33 FY20 FY25 Gross Debt to Net Fixed Assets 2486 7598 FY20 FY25 Total Assets 0.42 1.06 FY20 FY25 Net Debt to EBITDA 355 1746 FY20 FY25 Gross Debt Strong Operational Performance has led EBITDA growth of 13% CAGR and PAT of 8% CAGR ATGL continues to have strong Balance sheet and follows robust financial prudence and has Net Debt to EBITDA ratio of 1.06x and Gross Debt to Fixed Assets at 33% which implies that assets are backed by lower leverage INR 5,112 Crs of Assets Addition INR ,1391 Crs of Debt Addition
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ADANI TOTAL GAS LIMITED 18 Working Capital Tie up Rating Updates Rating Updates Long Term Bank Facilities AA+ (Stable) Short Term Bank Facilities A1+ ATGL has recently expanded its coverage by initiating ratings from two new rating agencies: Long Term Bank Facilities AA+ (Stable) Short Term Bank Facilities A1+ Long Term Bank Facilities AA+ (Stable) (from AA (Stable)) Short Term Bank Facilities A1+ (reaffirmed) CARE Ratings: Newly initiated; Crisil Ratings: Newly initiated; ICRA Ratings: Rating Upgrade ATGL has received an upgrade from ICRA ratings:
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Development Operations Value Creation Pan India presence 53 Geographical Areas GAs spread pan India across 125 districts (incl. JVs1) >14% of India’s population covered in the GAs allocated Adani & Total Energies2 (37.4% each) Provides significant synergies in both project execution, fuel sourcing and operations Commissioned 34 GAs 20+ years of experience Installed 14,524 inch-km of pipeline 662 CNG stations , PNG to over 1 million HHs + I&C units Centre of Excellence (COE) & Competitive Gas Sourcing Flexible contracts to address volatility Strong relationships with both domestic & global suppliers Digital platform – SOUL Integrated Business Operations Platform Centre for monitoring entire CGD network through SCADA Reliability & Responsiveness Focus on reliable gas supply, Responsive consumer service coupled with My AdaniGas app Accelerated switch to natural gas Strong uptick in adoption Natural gas share in India’s fuel mix to increase from 7% currently to 15% by 2030 Greenmosphere: An initiative for carbon footprint reduction Focus on expansion of low carbon verticals – EV Charging and Biogas. Strong Promoters Infrastructure Growth Operational Excellence Technology enabled O&M Large Opportunity ESG and Sustainability Focus Customer Orientation Balanced revenue mix enhances revenue visibility Sequential roll-out & 4 existing matured GAs -> Internal accruals for capex resulting in faster payback High Return Ratios 1. 50:50 JV between ATGL & Indian Oil Corporation Ltd. (IOAGPL) operates 19 GAs; 2. TotalEnergies Holdings SAS, worlds second largest LNG private player acquired 37.4% stake in ATGL in Feb-2020. GAs: Geographical Areas; JV: Joint Venture; CGD: City Gas Distribution; SCADA: Supervisory control and data acquisition; CNG: Compressed Natural Gas; O&M: Operations & Maintenance; mmscmd: Million Metric Standard Cubic Meters per Day; PNG: Piped Natural Gas; ESG: Environmental, Social & Governance; HH: Households; I&C: Industrial and commercial units 19 ADANI TOTAL GAS LIMITED ATGL: Well positioned for industry leading growth
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ADANI TOTAL GAS LIMITED 20 Fulfilling our objective of future proofing • E- Mobility • Biomass • LNG for Trucking & Mining Focus on delivering Customer Delight Biggest asset of the Company and cultivating a resilient and talented workforce Leverage Technology for rapidly growing footprint • SOUL • Adani Gas App: 360˚ Digitalization for Consumers Gainful Diversification Customer Centricity People Digitalisation Focus on Core strength Strengthening CGD Five Pillars of Transformational Journey of ATGL ATGL at an infection point as we spearhead the transition towards clean energy solutions to customers.
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ADANI TOTAL GAS LIMITED 2121 About Adani Total Gas Limited 06
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22 Adani Total Gas CGD Business (34 Licences) 100% Business Structure 37.4%37.4% GA : Geographical Area ATEL (E- Mobility Business) Core CGD Business 22 New Sustainable Businesses ATBL (Bio Business) IGX (5% Stake) IOAGPL (CGD Business) SMTPL (Gas Meter Business) JV & Investments 15 % Area covered# 14 % Population 125 Districts Covered 53* GAs ATGL Existing GA IOAGPL GA BioGas Project Please refer annexure for list of all GAs ATGL Presence ATGL – Diversified Energy Platform for meeting consumers requirement 50% 50% CGD Phase-1 of Barsana Plant Commissioned and 2 Plants Under Construction 4209 installed Charging Points EV Bio EV Charging LNG for Trucking & Mining 34 ATGL receives approval from PNGRB for transfer of Authorization of Jalandhar District. ATGL : Diversified Energy Platform
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ADANI TOTAL GAS LIMITED 23 ATGL: Digitization and Customer Delight 07 23
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ADANI TOTAL GAS LIMITED 24 SOUL – Single Digital Business Platform •Digitisation of BD, Projects, Operations & Finance business process (28 use cases) •ATEL Owned CPMS • BU Data lake for 10 departments • Approx. 150 KPI with 40 User Stories • 3 Agentic AI Use cases Third EyeCustomer Experience PARAM ( EV)Business Workflows 100% Integrated GIS [ATGL WORLD] 100% Connectivity •e2e digital consumer experience •Unmanned Customer Care •AI bots driven email and chat •Entire pipeline visibility •Live integration to SCADA, VTS, SAP •SMS to customers based on outages marked on GIS Status as of today.. •Majority of our CGS, CNG stations and sites are connected with the SOUL platform •Permission Management •Project Tracking •CV Based Isometric System •Emergency Response •Site Governance SCADA: Supervisory Control And Data Acquisition, VTS: Vessel Traffic Service, GIS: Geographic Information System, CPMS: Charge Point Management System
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ADANI TOTAL GAS LIMITED 25 Committed to Consumer Delightfulness ATGL: Driving Customer Delight through Digitization 98.5% Digital Payments BBPS (GPay, Amazon pay, etc.), App, Website 1M+ Self-Billed Invoices Delivered via WhatsApp 70% Emails Auto-Answered Agentic AI Email Bot 24x7 Multilingual Support Unmanned CDC Bot Video Contact Center Remote interaction, carbon reduction Self-Help KIOSK 2.0 Eco-friendly, UPI-enabled Digital Satisfaction Survey 87% CSAT (14 GAs), real-time feedback Doorstep CDC Vans 5000+ queries resolved Grievance Funnel PNGRB-aligned, multi-channel 100% Digital DPNG registration, Name transfer, Move in from PPA BBPS: Bharat Bill Payment System, CDC: Customer Delight Care, CSAT: Customer Satisfaction Score, PPA: Project Phase Automation
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ATGL: Promoter’s Overview 08 ADANI TOTAL GAS LIMITED 26
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About Adani Group 08a
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Adani Portfolio: A World Class Infrastructure & Utility Portfolio 28 1. ATGL: Adani Total Gas Ltd, JV with Total Energies | 2. NQXT: North Queensland Export Terminal . On 17th Apr’25, Board of Directors have approved the acquisition of NQXT by APSEZ, transaction will be concluded post pending regulatory approval. | 3. Ambuja Cement’s shareholding does not include Global Depository Receipt of 0.04% but includes AEL shareholding of 0.35% received as part of the consideration against transfer of Adani Cementation Limited as per NCLT order dated 18th July’25 | 4. Cement includes 67.64% (67.68% on Voting Rights basis) stake in Ambuja Cements Ltd . as on 30 th Sep’ 25 which in turn owns 50.05% in ACC Limited . Adani directly owns 6.64% stake in ACC Limited .| 5. Data center, JV with EdgeConnex | 6. Promoter holding in NDTV has increased to 69.02% post completion of right issue in the month of Oct’25 | 7. AWL Agri Business Ltd. : AEL to exit Wilmar JV, agreement signed for residual 20% stake dilution . | 8. Includes the manufacturing of Defense and Aerospace Equipment | AEL : Adani Enterprises Limited | APSEZ : Adani Ports and Special Economic Zone Limited | AESL : Adani Energy Solutions 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 | IPP : Independent Power Producer | NDTV : New Delhi Television Ltd | PVC : Polyvinyl Chloride | GCC : Global Capability Centre l Promoter’s holdings are as on 30 th September, 2025 . (%): Adani Family equity stake in Adani Portfolio companies (%): AEL equity stake in its subsidiaries (%): Ambuja equity stake in its subsidiaries A multi-decade story of high growth centered around infrastructure & utility core NQXT2 AGEL Renewables AESL T&D ATGL1 Gas Discom APL IPP (62.43%) (71.19%) (37.40%) (74.96%) APSEZ Ports & Logistics (65.89%) (100%) ANIL New Industries AdaniConneX5 Data Centre (100%) (50.00%) AAHL Airports ARTL Roads (100%) (100%) Energy & Utility Transport & Logistics AWL7 Food FMCG (20.00%) NDTV6 (64.71%) Materials, Metal & Mining Ambuja Cements4 (67.64%)3 ACC4 (50.05%) Primary Industry Specialty Other AEL (73.97%) Incubator Flagship Copper, Aluminum Mining Services & Com. Mining (100%) (100%) PVC (100%) Listed cos Direct Consumer Infrastructure & Utility Core Portfolio Specialist Manufacturing8 (100%) GCC (100%) Sanghi4 (58.08%) Orient4 (72.66%) ADANI TOTAL GAS LIMITED
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1,668 4,568 10,418 18,711 12,784 66,527 24,870 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Tax paid Finance cost paid CAT (FFO) 89,806 EBITDA EBITDA (51%) (74%) (42%) (21%) Predictable, high and rising free cash flow Adani Portfolio: Best-in class growth with national footprint 29 EBITDA: Earning before Interest Tax Depreciation & Amortization I EBITDA: PAT + Share of profit from JV + Tax + Deferred Tax + Depreciation + Finance Cost + Forex Loss / (Gain) + Exceptional Items | FFO: Fund Flow from Operations l FFO : EBITDA – Actual Finance cost paid (excl. Capitalized Interest, incl. Int. on Lease Liabilities)– Tax Paid l AEL: Adani Enterprises Limited l APSEZ: Adani Ports and Special Economic Zone Limited l AGEL: Adani Green Energy Limited | ATGL: Adani Total Gas Limited l AESL: Adani Energy Solutions Limited l APL: Adani Power Limited National footprint with deep coverage AEL Ambuja Cement APSEZ AESL APL ATGL AGEL Adani’s Core Infra. Platform – 350 Mn Userbase All figures in INR cr
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PERFORMANCE 55%31% 14% Note : 1. Cemindia Projects Ltd. (formerly known as ITD Cementation India Ltd.): the total shareholding stands at 67.47%. PSP Projects Ltd.: the total shareholding stands at 34.41%.| 2. Adani Environmental Resource Management Services Ltd. (additional company is being proposed) | O&M: Operations & Maintenance l HVDC: High voltage direct current l PSU: Public Sector Undertaking (Public Banks in India) l GMTN: Global Medium-Term Notes l SLB: Sustainability Linked Bonds l AEML: Adani Electricity Mumbai Ltd. l AIMSL : Adani Infra Mgt Services Pvt Ltd l IG: Investment Grade l LC: Letter of Credit l DII: Domestic Institutional Investors l COP26: 2021 United Nations Climate Change Conference l AGEL: Adani Green Energy Ltd. l NBFC: Non-Banking Financial Company l AIIL: Adani Infra (India) Ltd. | AOCC : Airport Operations Control Center ACTIVITY CONSUMERS • Delivering exceptional products & services for elevated engagement • Differentiated and many P&Ls Inspired Purpose & Value Creation New C.E.O. Consumer I Employees I Other Stakeholders OPERATIONS • Life cycle O&M planning • Asset Management plan Operation Operations (AIMSL) 2 DEVELOPMENT1 • Site acquisition • Concessions & regulatory agreements • Engineering & design • Sourcing & quality • Project Management Consultancy (PMC) Site Development Construction Adani Infra (India) Limited | Cemindia Projects Ltd. | PSP Projects Ltd. Origination • Analysis & market intelligence • Viability analysis India’s Largest Commercial Port (at Mundra) Longest Private HVDC Line in Asia (Mundra - Mohindergarh) World’s largest Renewable Cluster (at Khavda) CAPITAL MANAGEMENT Strategic value Mapping Investment Case Development Growth Capital – Platform Infrastructure Financing Framework Duration Risk Matching Risk Management – Rate & Currency Governance & Assurance Diversified Source of Capital March 2016 Energy Network Operation Center (ENOC) Policy, Strategy & Risk Framework Human Capital Development • Leadership Development Initiatives • Investment in Human Capital AI enabled Digital Transformation • Power Utility Business - ENOC • City Gas Distribution - SOUL • Transportation Business - AOCC Continued Focus & Investment ENABLER Adani Portfolio: Repeatable, robust & proven transformative model of investment Adani’s Core Infra. Platform – 350 Mn Userbase Home outline 30 5% 18% 25% 1% 26% 2% 23% March 2025 PSU Banks Pvt. Banks USD Bonds DII Global Int. Banks NBFCs & FIs Long Term Debt Capex LC
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08b About Total Group
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A Global Integrated Energy Company • TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. • The company is committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. • TotalEnergies aims at placing Sustainability in all its dimensions at the heart of its strategy, its projects and its operations and at establishing the benchmark for endorsement of the Sustainable Development Goals. ADANI TOTAL GAS LIMITED 32
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Strengths ADANI TOTAL GAS LIMITED 33 100,000+ people representing 170 nationalities and 740+ professions A diversity which is decisive for our competitiveness and attractiveness We are present across the entire value chain, from production to distribution We are active in about 120 countries OPERATIONAL PERFORMANCE 15.8% Return on Equity -2024 $15.8 bn Net Income in 2024 (TotalEnergies Share) FINANCIAL PERFORMANCE 41.1 TWh 15.5 Mt 2.8 Million 6.1 Million Clients Gas 26 GW2,434 kboe/d 62.3 GW Clients Power Net power production(2) LNG productionHydrocarbon production(1) Gross renewable power generation capacity in development (GW)(3) 39.8 Mt LNG Sales Gross installed renewable power generation capacities(3) (1) Company production = E&P production + Integrated LNG production. (2) Solar, wind, hydroelectric and gas flexible capacities. (3) Includes 20% of Adani Green Energy Ltd's gross capacity, 50% of Clearway Energy Group’s gross capacity effective third quarter 2022, and 49% of Casa dos Ventos’ gross capacity effective first quarter 2023.
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Annexure
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Infrastructure Update - incl. JV – IOAGPL : As on 30 Sept 2025 PNG Connections Steel Network in Inch-KmCNG Stations Addition of ~ 40k Domestic Connections in H1FY26 Addition of 52 Industrial Customers in Q2FY26 ADANI TOTAL GAS LIMITED 17 New CNG stations added in Q2FY261078 1095 30-Jun-25 30-Sep-25 25829 26411 30-Jun-25 30-Sep-25 35 11.7 12.1 30-Jun-25 30-Sep-25 No of Households (Lakhs) No of Industrial Connections Addition of 192 Commercial Customers in Q2FY26 No of Commercial Connections 7186 7378 30-Jun-25 30-Sep-25 3454 3506 30-Jun-25 30-Sep-25 582 Steel IK network were added in Q2FY26
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ATGL Key Financials : Income Statement Summary – Standalone (INR Cr) 36 Particulars Quarter Ended Half Year Year Ended 30-Sep-25 30-Jun-25 30-Sep-24 30-Sep-25 30-Sep-24 31-Mar-25 Revenue from Operations 1569 1491 1315 3060 2553 5398 Cost of goods sold 1120 1049 871 2169 1675 3680 Operating & other expenses 156 150 137 306 274 585 Total Expenditure 1276 1199 1008 2475 1949 4265 Op. EBIDTA 293 292 307 585 604 1133 Other Income 9 9 6 18 17 34 EBIDTA 302 301 313 603 621 1167 Interest Expenses 26 28 23 54 49 100 Depreciation & Amortization Expenses 59 54 50 113 95 198 Profit Before Tax 217 219 240 436 477 868 Total tax expense 55 57 62 112 122 220 Profit After Tax 162 162 178 324 355 648
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ATGL Key Financials : Income Statement Summary – Consolidated (INR Cr) 37 Particulars Quarter Ended Half Year Year Ended 30-Sep-25 30-Jun-25 30-Sep-24 30-Sep-25 30-Sep-24 31-Mar-25 Revenue from Operations 1576 1498 1318 3075 2557 5412 Cost of goods sold 1122 1052 872 2173 1677 3685 Operating & other expenses 159 154 140 313 278 593 Total Expenditure 1281 1205 1013 2486 1955 4278 Op. EBIDTA 295 293 306 589 602 1133 Other Income 9 8 7 17 16 31 EBIDTA 304 301 312 605 618 1164 Interest Expenses 26 28 23 54 49 101 Depreciation & Amortization Expenses 62 56 51 117 97 204 PBT before share of profit from joint ventures 216 218 238 434 471 860 Share in Profit/ (Loss) from Joint Venture 2.9 4.2 9.4 7.1 7.8 15.0 Profit Before Tax 219 222 247 441 479 875 Total tax expense 55 57 62 112 122 220 Profit After Tax (Consolidated) 163 165 186 329 357 654
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ADANI TOTAL GAS LIMITED 38 ATGL : List of Location 38 S.No. GeographicalArea State 1 AhmedabadCity and Daskroi Area Gujarat 2 Vadodara(part) Gujarat 3 Surendranagar(EAAA) Gujarat 4 Barwala & Ranpur Talukas Gujarat 5 Navsari(EAAA) , Surat (EAAA),Tapi (EAAA)& the Dangs Gujarat 6 Kheda (EAAA) & Mahisagar Gujarat 7 Porbandar Gujarat 8 Burhanpur, Khandwa, Khargone and Harda districts Madhya Pradesh 9 Alirajpur, Nandurbarand Barwani districts Maharashtraand Madhya Pradesh 10 Akola, Hingoli and Washim districts Maharashtra 11 Balasore, Bhadrak & Mayurbhanj Odisha 11 Amravati and Yavatmal districts Maharashtra 12 Bhandara, Gondiya and Garchiroli districts Maharashtra 13 Chittorgarh(Other than Rawatbhata)& Udaipur Districts Rajasthan 14 Bilwara & Bundi Districts Rajasthan 15 Nuh & Palwal Haryana 16 Bhiwani, Charkhi Dadri & MahendragarhDistricts Haryana 17 Faridabad Haryana 18 Khurja Uttar Pradesh 19 Jhansi (EAAA), Bhind, Jalaun, Lalitpur and Datia Uttar Pradesh, Madhya Pradesh 20 Tikamgarh,Niwari, Chattarpurand Panna districts Madhya Pradesh 21 Anuppur, Bilaspur and Korba Madhya Pradesh, Chhattisgarh 22 Gumla, Latehar, Lohardaga, Simdega, Garhwa and Khunti districts Jharkhand 23 Jashpur, Raigarh, Janjgir-Champa and Mahasamund districts Chhattisgarh 24 Mungeli, Bemetara, Durg, Balod and Dhamtari districts Chhattisgarh 25 Kabirdham, Raj Nandgaon and Kanker districts Chhattisgarh 26 Kokrajhar, Dhubri, South SalmaraMankachar and Goalpara districts Assam 27 Baksa, Barpeta, Bongaigaon, Chirang, Nalbari and Bajali districts Assam 28 Nagaon, Morigaon, Hojai, Karbi Anglong and West Karbi Anglong districts Assam 29 Koraput, Malkangiri, and Nabarangpur districts Odisha 31 Cuddalore, Nagapatinam & Tiruvarur Districts Tamil Nadu 32 Tiruppur District Tamil Nadu 33 Udupi District Karnataka 34 Jalandhar District Punjab ATGL GAs IOAGPL GAs S.No. Geographical Area State 1 Panchkula (EAAA), Sirmaur Districts,Shimla & Solan (EAAA) District Haryana 2 Chandigarh Chandigarh 3 Udham Singh Nagar Uttarakhand 4 Panipat Haryana 5 Allahabad(EAAA),Bhadohi & Kausambi Districts Uttar Pradesh 6 Prayagraj Uttar Pradesh 7 Bulandshahr (EAAA),Aligarh & Hathras Districts Uttar Pradesh 8 Bulandshahar (Part) Uttar Pradesh 9 Jaunpur and Ghazipur Districts Uttar Pradesh 10 Gaya & Nalanda Districts Bihar 11 Burdwan District West Bengal 12 Dharwad Karnataka 13 South Goa Goa 14 Daman Daman & Diu 15 Ernakulum Kerala 16 Kozhikode & wayanad Districts Kerala 17 Malappuram Districts Kerala 18 Kannur, Kasargod & Mahe Districts Kerala 19 Palakkad & ThrissurDistricts Kerala
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Certain statements made in this presentation may not be based on historical information or facts and may be “forward-looking statements,” including those relating to general business plans and strategy of Adani Total Gas Limited (“ATGL ”), its future outlook and growth prospects, and future developments in its businesses and competitive and regulatory environment, and statements which contain words or phrases such as ‘will’, ‘expected to’, etc., or similar expressions or variations of such expressions. Actual results may differ materially from these forward-looking statements due to a number of factors, including future changes or developments in its business, its competitive environment, its ability to implement its strategies and initiatives and respond to technological changes and political, economic, regulatory and social conditions in India. This presentation does not constitute a prospectus, offering circular or offering memorandum or an offer, or a solicitation of any offer, to purchase or sell, any shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of ATGL ’s shares. Neither this presentation nor any other documentation or information (or any part thereof) delivered or supplied under or in relation to the shares shall be deemed to constitute an offer of or an invitation by or on behalf of ATGL. ATGL, as such, makes no representation or warranty, express or implied, as to, and does not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information or opinions contained herein. The information contained in this presentation, unless otherwise specified is only current as of the date of this presentation. ATGL assumes no responsibility to publicly amend, modify or revise any forward- looking statements, on the basis of any subsequent development, information or events, or otherwise. Unless otherwise stated in this document, the information contained herein is based on management information and estimates. The information contained herein is subject to change without notice and past performance is not indicative of future results. ATGL may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such revision or changes. No person is authorized to give any information or to make any representation not contained in and not consistent with this presentation and, if given or made, such information or representation must not be relied upon as having been authorized by or on behalf of ATGL. This presentation is strictly confidential. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction, including the United States. No part of its should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. None of our securities may be offered or sold in the United States, without registration under the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from registration therefrom. This presentation is confidential and may not be copied or disseminated, in whole or in part, and in any manner. This presentation contains translations of certain Rupees amounts into U.S. dollar amounts at specified rates solely for the convenience of the reader. Mr. Priyansh Shah Investor Relations Priyansh.shah@Adani.com +91 79 6624 3054 Legal Disclaimer ADANI TOTAL GAS LIMITED Visit us at https://www.adanigas.com/ or