The document discusses Adani Group's integrated business model across resources, logistics and energy. It positions the group as a leading player in coal trading and mining, port operations, power generation and transmission. Key areas of focus and growth include expanding coal mining assets in India and overseas, developing new ports and expanding existing ones, and growing power generation and transmission infrastructure to link resources to energy customers. The integrated model aims to leverage synergies across business divisions.

1. Thinking big Doing better
Resources Logistics Energy

2. 2
Vision - To be globally admired leader in integrated infrastructure businesses with a
deep commitment to nation building. We shall be known for the scale of our ambition,
speed of execution and quality of operations
Leading Player in private
power generation
• Power Generation
• Power Transmission
• City Gas Distribution
Energy
India:
• Largest trader of Coal
• Largest mine developer &
operator
• Contract order book of 97 mtpa
Indonesia:
• Resource 269 mn tn
• Mine life: 15 yrs
Australia:
• JORC Resource: 11 bn ton
• Mine life:100 yrs
• 100 mtpa (peak)
India:
• No. 1 Port of India
• Largest indigenous Ports
Developer & Operator
• 6 Operational Ports / Terminals
• Developing 2 terminals on west
and east India
• Largest Private Rail Developer
Shipping:
• Own & operate 4 capesize
vessels
India:
Generation:
• 9240 MW thermal capacity
• 40 MW Solar Power Plant
Transmission:
• 5051 Ckt km of transmission
network
City Gas Distribution:
• Operate in 4 cities in
India.(Ahmedabad, Baroda,
Faridabad & Khurja)
Owning a large network of ports,
rail lines, ships
• Ports
• Multi Modal Logistics
• Special Economic Zones
Logistics
Sourcing Coal from around the
world
• Coal Mining
• Coal Trading
• Agro
Resources
Adani Group: Integrated & synergistic business model

3. 3,077
5,654
12,822
16,764* 18,133
17,358
-
5,000
10,000
15,000
20,000
FY09 FY10 FY11 FY12 FY13 FY14
200
384
1,000 1,084
1,271
1,700
-
500
1,000
1,500
2,000
FY09 FY10 FY11 FY12 FY13 FY14
Adani Group – Thinking Big, Doing Better
3
Net Asset (USD mn)
EBIDTA (USD mn)
• Commercial Port in India
• Coal Import Terminal at Mundra
• Private Power Producer in India
• Mine Developer and Operator in India
• Trader of coal in India with consistent share of
about 50%
• Edible Oil Company in India in terms of market share
No.1 :-
* Figure is excluding Abbot asset

4. Resources Logistics Energy
•Coal Trading
•Coal Mining
•Sea Ports
•Railways
•Power
• Generation
• Transmission

5. Coal Business: Growth Potential
5
Source: Research Reports
Coal Mining (MDO)
Coal Mines Ordinance:
 The ordinance has carved out special provision for allotment of the cancelled coal blocks to the
Government companies, having specific end use (only captive use) without going through public auction
 In view of this, we expect our MDO coal blocks (Parsa Kente, Machhakata, Chendipada and Parsa) to be
reallocated to the respective utilities being Government companies and having specific end use
 Our MDO contract for Kente Ext. is not affected by Honourable SC order since it was allocated to
RRUVNL under new auction by competitive bidding of Coal Mines Rules 2012
This ordinance brings further opportunity for Adani Group to retain & strengthen its presence in
the MDO business and also obtain coal resources for our power business
Thermal Coal Import (MMT)
0
100
200
300
2011-12
2012-13
2013-14
2014-15P
2015-16P
2016-17P
2017-18P
2018-19P
2019-20P
90 116 139 169 194 218 243 270 299
0
200
400
600
800
1000
1200
2011-12
2012-13
2013-14
2014-15P
2015-16P
2016-17P
2017-18P
2018-19P
2019-20P
Power (Mt) Cement CPP (Captive) Sponge Iron Others
Thermal Coal Demand Sector-wise (MMT)
Thermal coal import in India is estimated at 169 MT in FY2015 and expected to grow at 15% YoY

6. Multi-Country
Procurement
Multi modal
Logistics
Customer
Account
Management
Financing
South
Africa
Richard Bay
Ports
Locations served
Indonesia
Indonesia
Tarakan
Tanjung Bara
Bontang
Samarinda
Muara Satui
Tanjung
Pemancingan
Australia
Queensland
Mundra
Gangavaram
Kakinada
Vishakhaptnam
Tuticorin
Haldia
Suratgarh
Tanda
Unchahar
Sipat
Korba
Koradi
Parli
Chanderpur
Simhadri
Kota
Chhabra
Gandhinagar
Wanabori
Dadri
Panipat
Yamunagar
Hissar
Panki
Parichha
Harduaganj
Kahalgaon
Ramagundam
Kondapalli
North Chennai
Mettur Tuticorin
Rihand
Vindyachal
Paradip
[Talcher]
Mejia
Badarpur
Ennore
Dahej
Bedi
Navlakhi
Kandla
Kolaghat
Bakreshwar
Bandel
Sagardighi
Durgapur
Hazira
Goa
Tiroda
Coal
Business
Electricity
Boards
Private
Business
Adani
Power Ltd
Third
Country
Consistent Market
share in
electricity
business ~50%
We are a team of 200 + People with operations spread across globe through our 25 satellite offices, 18 branch offices, 3 global offices and a head
office based out of Gurgaon.
Coal Trading: Integrated Coal Management
6

7. Mining Locations
Ports
Mundra
Machhakata
Dahej Port
Hazira Port
Parsa
Chhendipada
Parsa – Kente
Mormugao Port
Vizag
Kandla
7
State
Chhattisgarh Odisha
Mine
Parsa -
Kente
(RRUVNL)
Parsa
(CSPGC
L)
Kente
Extension
(RRUVNL)
Machhakat
a
(MGCL)
Chendipad
a
(UCMCCL)
Block Area (Sq
Km)
27.67 12.52 17.00 20.43 27.42
Mineable
Reserve (Mn MT)
452 150 200 1244 1589
Capacity at
peak level
(MMTPA)
15 5 7 30 40
Commenceme
nt of
Production
Started
Feb 13
2016 2017 2016 2016
Notes:
1. RRVUNL – Rajasthan Rajya Vidyut Utpadan Nigam Limited ; 2. MGCL – Mahaguj Collieries Ltd. ; 3. CSPGCL – Chhattisgarh State Power Generation Company
Limited 4. UCMCCL - UCM Coal Company Limited
Coal Mining: Largest Mine Developer & Operator

8. 8
Coal Mining: Indonesia
Indonesia
Bunyu Island
Coal Crushing
Coal Loading
Particulars Capacity
Location
Bunyu Island,
Indonesia
Resource 269 MMT (JORC)
Current Capacity 7 MMPTA
Production FY15: 4.5 MMT
Coal Mining

9. 9
Australia Mine: Funding Plan and Timeline
Particulars Mine
Total Capex 4,200
Debt 2,940
Project Finance 2,140
Equipment Financing 800
Equity 1,260
Of which already invested 800
USD mn
Particulars Mine
Open Cut Mining 28 MMT
First Coal Open Cut Aug-17
Underground Mining 14 MMT
First Coal Underground Mar-18
Q1 2015 Off-Site & On-Site Infra Construction Commencement
Q4 2015 Financial closure
Q3 2017 Open Pit E - First Coal
Q4 2017 Open Pit D - First Coal
Q1 2018 Underground 1 System Cut First Coal
Q3 2018 Underground 2 System Cut First Coal
Timeline Carmichael Coal Mine

10. Agro
10
•Capacity of 21000 MT of storage of Apple
•State of Art Control Atmosphere Storage facility at 3 locations in Himachal
Pradesh
•Distribution set up across India under brand “Farm-Pik”
•One of largest importer of fruits into India
•Operates storage capacities of 6,00,000 MT at 7 locations across India
•Another 3,50,000 MT in development across 7 locations in Madhya Pradesh
•State of Art mechanized storage facilities with private railway siding
•Operates storages facilities under Build Own Operate model for FCI for 20 years
Agri Infrastructure: Food Grains
•Joint venture with Wilmar, Singapore
•“FORTUNE” - India’s number 1 edible oil brand with more than 20% market share
(AC Nielson)
•Revenues in excess of $ 2.5 Bn
•Volumes more than 3.5 MMTPA
•Expanding into more agro products such as Rice, Pulses. Soya nuggets etc
•Major Exporter of Castor Oil/derivatives and Soya De-oiled cake
•Manufacturing facilities spread across 18 locations pan India with 10k refining
& 7k crushing capacity
Edible Oil & Agro commodities
Agri Infrastructure: Fruits
Agri Infrastructure: Food Grains

11. Resources Logistics Energy
•Coal Trading
•Coal Mining
•Sea Ports
•Railways
•Power
• Generation
• Transmission

12. 12
 SEZ land leases complementing business
models of Ports and Logistics at Mundra.
 SEZ Area of 6,641 Hectares.
 Diverse clientele of storage for refineries,
power generators, automobile industry
and other industrial consumers
Ports & Logistics: Huge Growth Potential
Dahej
Vizag
Mundra
Hazira
Mormugao
Kandla
Dhamra
Ennore
Major Ports where APSEZL has terminals
Non major ports - APSEZL
SEZ
 Established connectivity infrastructure
including rail, road and pipe line
 120 km railway line on the west coast; 63
km railway line at Dhamra on the east
 Development of Inland Container Depots
and container rail movements across
country
 Only pan India port company with 8
ports across Indian coastline
 6 operational ports; 2 under
implementation
 Multi Commodity Ports: >300 mtpa
capacity
 Preferred Indian Partner of Global Liners
Logistics
Ports

13. 13
Ports & Logistics: Mundra Port enjoys Distance Advantage
 Adani 64 km private rail network connecting
Mundra Port to National Railway Network
 Resulting in savings on both cost and time
compared to competing Mumbai ports
 408 km lesser to industrial zone of Bhatinda
 245 km lesser to the Delhi - NCR
 Less congested route than JNPT (Mumbai)
 Route passes through sparsely populated
regions of Kutch and Rajasthan.
New Delhi
Gurgaon
Alwar
Jaipur
Ajmer
PalanpurBhildi
Mundra
Port
Adipur
Samakhiali Ratlam
Vadodara
Surat
Kota
Agra
Mathura
JNPT
Vasai Road
Marwar
Godhara
Pipavav
Shorter Distance & Low Passenger Traffic results in reduced operating cycle

14. 14
Feature Existing DFC
Container stack Single Double
Train length 700m 1,500m
Train load 4,000 tons 15,000 tons
Axle load 22 tons 32 tons
Maximum speed 75 km/ hr 100 km/ hr
Status
 Mundra to be connected to DFC through
Palanpur ( ~350 km)
 To be connected via Kutch Railway Corp Ltd.
(Budget for dovetailing to DFC approved)
Advantage:
 Faster trains, improving transit time by 50%
 Higher capacity trains, increased capacity of
infrastructure
New Delhi
Gurgaon
Alwar
Jaipur
Ajmer
Bhildi
Mundra
Port
Adipur
Samakhiali Ratlam
Vadodara
Surat
Kota
Agra
Mathura
JNPT
Vasai Road
Marwar
Godhara
Pipavav
Palanpur
Source: Dedicated Freight Corridor Corporation of India Ltd (http://dfccil.org),
Ports & Logistics: DFC / DMIC - the Growth Catalysts
Proximity to Adani Ports: Future evacuation Infrastructure Assured
Hazira

15. 15
Ports & Logistics: Dhamra - Mundra of the East
Dhamra: Enabling APSEZ to be a PAN India Port Company
Dhamra
NW 5
NW 1
Coal Basins and Fields
 Only port in East with deeper Draft for larger vessels
 Gateway for Mining, Power and Steel Industry
 Potential coastal shipping hub
 Potential Transshipment Hub – No large vessel
container facility between Paradip to Chittagong.
 Gateway for Inland Waterways connecting north east
Dhamra: Mega Port in making
 Master Plan of Total 17 berths;
 12 bulk, 4 container, 1 LNG Terminal
 Phased Growth to reach up to 100 mtpa

16. Resources Logistics Energy
•Coal Trading
•Coal Mining
•Sea Ports
•Railways
•Power
• Generation
• Transmission

17. Power: Sectorial Demand continue to rise…
17
Average Deficit in the Last Decade:
Peak deficit: 12%; Energy deficit: 9%
India – Installed Capacity: 253 GW*
Installed Capacity in India - Category
Source: 11th & 12th FYP, Ministry of Power, CEA
* As on 31st Aug 2014
Units in GW
2012 2017 2020
132
204
240
39
50
57
5
10
19
25
25
32
Thermal Hydro Nuclear Renewables
200
288
347
Peak & Energy Deficit : Year-wise
Hydro
40 GW
Renewables
32 GW
Nuclear
5 GW
Thermal
176 GW13361
6460
5741
2942 2384
884
0
2000
4000
6000
8000
10000
12000
14000
16000
USA Russia UK China Brazil India
kWh
Lowest per capita electricity consumption
12% 12%
14%
17%
12% 13% 13%
11% 9%
5% 5%7%
8%
9%
10%
11%
10%
9%
8% 9%
4% 4%
Peak Deficit Energy Deficit

18. Power: Generation & Transmission
18
Notes: 1. Project under AEL
Commissioned:
3.300MW
Commissioned:
1,320MW
Kawai
Commissioned:
4,620MW
Mundra
Tiroda
Dehgam
Mohindergarh
Aurangabad Warora
Adani Power projects are in high growth states of India. Also
these states have financially strong SEBs
40 MW Operational Solar Power Project1 in Gujarat
SN Location
Capacity
(MW)
1 Mundra (Gujarat) 4,620
2 Tiroda (Maharashtra) 3,300
3 Kawai (Rajasthan) 1,320
Total - Implementation 9,240
Power Generation
Power Transmission
Operation
(MW)
4,620
3,300
1,320
9,240
Mundra – Dehgam
Tiroda – Warora
Mundra – Mohindergarh
Tiroda – Aurangabad
Operational Transmission Asset portfolio of
5051 Ckt Km

19. 19
Power: Fuel – 53% already tied up, balance to be tied up through mining
Customer
Total
Capacity
(MW)
Capacity
contracted
(MW)
Levelised
tariff
(INR/unit)
PPA starts
from
Coal
Availability
Qty (MMT)
Coal
Required
(MMT)
Remark
GUVNL (330x4) 1,320 1,000 2.89 Feb-10
Imported Coal 10.2 ~40% of coal requirement tied up
through CIL domestic coal supply
Balance coal cost pass through as per
CCEA directive
CERC issued final order granting
compensatory tariff
GUVNL (660x2) 1,320 1,000 2.35 Feb-12
UHBVNL &
DHBVNL
(660x3)
1,980 475 + 949 2.94
Aug-12 /
Feb-13
FSA signed
for 6.4 MMT
6.4
Mundra 4,620 3,424 16.6
MSEDCL
(660x2)
1,320 1,320 2.64 Aug-12
FSA signed
for 4.91 MMT
FSA -
Tapering
linkage signed
for 800 MW
8.3
~66% of coal requirement tied up
through CIL domestic coal supply
Balance coal cost pass through as per
CCEA directive
MERC issued final order granting
compensatory tariff
MSEDCL
(660x3)
660 125 + 440
3.28**
Aug-14 /
Feb-17
1,320 1200 Apr-14
MoU signed
for 3.39 MMT
5.5
Tiroda 3,300 3,085 13.8
RRVPNL (660x2) 1,320 1,200 3.24** Aug-13
MoU signed
for 3.39 MMT
5.5
~62% of coal requirement tied up
through CIL domestic coal supply
Balance coal cost pass through as per
CCEA directive
Proceedings completed in RERC.
Order awaited.
Kawai 1,320 1,200 5.5
Grand Total 9240 7709^ 19 35.9
~53% of coal requirement tied up
through CIL domestic coal supply
**Fuel & Fuel Transportation are linked to CERC escalation index
^ PPA Capacity 92% of Net capacityFuel Security - 19 Mil MT of Domestic Coal linkages

20. 20
Disha: Power Operations Ignite: Ports Operations
Agile: Capital Projects Synergy: Services (Finance, IT, HR)
 BPT of Power Operations Group with ATK:
– Strategic Planning
– Revenue Management
– Operations and Maintenance
– Fuel Sourcing and Mgmt.
 BPT of Ports Operations Group with KPMG :
– Marine Operations
– Terminal Operations
– Engineering Services
– Customer Service & Marketing
 BPT of Projects with Accenture:
– Sourcing and Procurement
– Project Management
– Engineering
– Construction and Commissioning
 BPT of Services with Strategy&*:
– Finance: B2P, O2C, Tax, R2R,
Treasury, FP&A, ABEX
– IT: Planning, Delivery, Support
– HR: TM, TA, L&D, PMS, HR Ops
Tezz Transformation: Components and Key Processes
TEZZ
Adani Group: Business Process Transformation
* Formerly Booz & Company

21. 21
 Underprivileged Children
 Training volunteers for teaching
 Mobile dispensary
 Immunization for kids
 Vocational training
 Animal Husbandry
 Pond deepening
 Village drainage system
Livelihood development
Quality education
 Girl Child Education
 Adani Vidyamandir
 Teaching sanitation in rural area
 HIV /AIDS awareness campaign
 Cattle vaccination
 Check dam construction
 Other Village Infrastructure
 Roads, drinking water, power etc.
Health
Rural infrastructure development
Adani Group: CSR Initiatives

22. 22
Adani Group: Our Leadership Position
Leadership Position
• Leadership Position in Ports – 8 Ports
• Our Leadership Position as Private Sector
Generation Co – 9280 MW
• Transmission Network – 5051 circuit kms
• Coal Trading
• Mine Developer and Operator
Favorable
Macroeconomic
Environment
Clear
Policy
Framework
Sustainable
Growth of
Business

23. 23
AEL 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. AEL 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 AEL. 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
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amounts into U.S. dollar amounts at specified rates solely for
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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 Enterprises Limited (“AEL”) and Adani
Ports and Special Economic Zone Limited (“APSEZ”) & Adani
Power Limited (“APL”), their future outlook and growth
prospects, and future developments in their businesses and
their 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
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and initiatives and respond to technological changes and
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