1) The document discusses the impact of COVID-19 on the Indian power sector and Tata Power. It saw a decline in electricity demand and impact on liquidity due to delays in bill collections and discom payments. 2) Tata Power's operations continued at benchmark levels to provide uninterrupted power supply. Some project delays occurred initially but work has restarted. It ensured availability of safety equipment for employees. 3) Key highlights for Tata Power included highest ever solar EPC order book, adding 312 MW of solar projects, launching a microgrid business, and acquiring a distribution company in Odisha. Financial performance saw increased revenue and EBIDTA.

1. 1
Annual General Meeting
Praveer Sinha, CEO & Managing Director
30th July 2020

2. 2
COVID-19 and Indian Power Sector
Decline in electricity demand and significant impact on liquidity in the sector
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
01-Jan
22-Jan
12-Feb
04-Mar
25-Mar
15-Apr
06-May
27-May
17-Jun
08-Jul
29-Jul
GWh
2019 2020
Mar 24:
Lockdown
May 4: Essential
manufacturing
and offices open
gradually
Daily Electricity Demand, India
• Disruptions in billing and collections
• Liquidity issues during April – June
• Delays in discom payments
• Lower generation (PLF) of coal based plants on
account of lower demand
• Project delays on account of supply disruptions,
workforce shortage and financing restrictions

3. 3
COVID-19 and Tata Power
Operations continue at Benchmarks levels to provide uninterrupted power supply across the cities they serve in
• No significant impact on operation and availability of our 11 thermal & hydro plant sites,
70 Renewables sites, Transmission assets in Mumbai and Distribution Assets in Mumbai, Delhi
and Ajmer
• Delay in execution of renewables projects during initial periods of lockdown. Work at sites
has restarted in May 2020 and we are expecting to catch up in Q2/Q3 FY21
• Returns from Regulated business unaffected
• Receivables have been stretched due to moratorium and delayed payments but it has
picked up in June / July 2020
• On an average, ~10,000 employees incl. 8,000 contract labour were working at various sites
/ locations on a daily basis
• Ensured availability of PPEs and masks for all employees; social distancing, screening &
temperature monitoring; disinfection of office spaces

4. COVID-19 SOPs Implementation (Generation, T&D, Renewables, New Businesses and Corp Offices)
2
Online Self Declaration
Social Distancing during
Entry/Exit
Hand Sanitization
Employees Transport
Deep Cleaning
Facilities Deep Cleaning
Residential Colony
Sanitization
Online Mass Awareness
Campaign
Social Distancing at Work Multi-layer Screening Touch Point Sanitization
Social Distancing in
Control Room
Marking for Social
Distancing
Sanitization of Office
Inside plant stay
arrangement
Sanitization of workplace
Ensuring Business Continuity

5. 5
COVID-19 Community Response Action
6.91 Lakhs
Face Mask order received & Dhaaga
members successfully supplied 5.81
lakhs masks till date
3600
Cattle supported with 3 lakhs+ Kgs
fodder supply
COVID-19 INTERVENTIONS
• Identification & survey of Migrant workforce
• Awareness Building on Prevention Measures
• Face Mask Making and Distribution through Dhaaga Women
Members
• Enabling Mobilty of Basic Items to villages (Water and
Fodder)
• Govt schemes linked Essential Items Distribution for Migrants
& Vulnerable Communities
Efforts across 15 States : Maharashtra, Delhi, Gujarat, Odisha, WB,
Jharkhand, Telangana, MP, AP,UP, Punjab Karnataka, Bihar, Rajasthan &
Tamil Nadu
2262
Tata Power Employees contributed 1
Day Salary to Tata Community
Initiative Trust
4.16 Lakhs
People linked with PDS
system
3.50 Lakh
Food packet distributed to
migrant labours and medical
staff in hospital

6. 6
Key Trends in Indian Power Sector
Power Sector In
India
Major Trends
Consistent growth
in electric energy
demand
Peak
Electricity
Demand
(GW)
Per capita consumption in
India very low compared to
global average, though
growing
Low Per Capita Energy Consumption
6
Losses at ~19-20%
despite UDAY target
of 15% by FY19
Low PLF of Coal based Assets
148
153
160 164
177
184
FY15 FY16 FY17 FY18 FY19 FY20
1010
1075
1122
1149
1181
1208
FY15
FY16
FY17
FY18
FY19
FY20 (P)
25.7
24.0
23.5
22.3
22.0
19.1
0.58
0.48 0.37
0.3
0.52
0.41
0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.0
5.0
10.0
15.0
20.0
25.0
30.0
FY15 FY16 FY17 FY18 FY19 FY20
(E)
AT&C losses (%) ACS-ARR Gap (Rs./Unit)
Both, installed capacity and %
contribution to generation from
RES continue to grow strongly
Renewable Energy growth
32
39
57
69
78
87
2.2%
5.6%
6.6%
7.8%
9.2%
9.9%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
0
10
20
30
40
50
60
70
80
90
100
FY15 FY16 FY17 FY18 FY19 FY20
Installed Capacity (GW)
% energy share of RE
Average thermal coal based PLF
show a sharp decline after
stabilisng for 3 years – RE growth
and lockdown impact
Financial
Health
of
DISCOMs
165 185 192 197 201
205
64.25
62.24
59.81
59.91 60.3
55.99
0
50
100
150
200
250
FY15 FY16 FY17 FY18 FY19 FY20
Installed Capacity (GW) PLF

7. 7
Thermal & Hydro
8,805 MW
Thermal
447 MW
Hydro
375 MW
Waste Heat / BFG
Renewables
932 MW
Wind
1,705 MW
Solar
T&D
3,531 ckt km
Transmission
26.2 lakh
Distribution
(No. of customers)
(Installed capacity)
(Installed capacity)
(Installed capacity)
(Installed capacity)
(Installed capacity)
(Line length)
54 MW Thermal + 424 MW Hydro International Installed Capacity
CONVENTIONAL BUSINESS MODELS
25,000 +
Pumps
421 MW
94 Cities
170 Charging Points
20 Cities
Set up Tata Power
Renewable Microgrid
Limited (TPRMG)
Plan to launch in Delhi
& Mumbai with IoT
devices and app
CUSTOMER FOCUSED NEW & SERVICE-LED BUSINESS MODELS
EV Charging Solar Rooftop Solar Pumps Microgrids Home Automation
India’s Largest Integrated Private
Power Player
Tata Power – Domestic Footprint in FY20
12,264 MW
Installed Capacity

8. 8
Key Highlights – FY20
✓ Highest ever order book of
Solar EPC business of Rs. 7,000
Crore (1,580 MW)
✓ 312 MW of solar power
capacity added; 700 MW solar
projects under implementation
✓ TPRMG launched-18
microgrids test charged & 55
projects are in pipeline
✓ Sold investment in Cennergi
Pty Limited to Exxaro
Resources Ltd on 31st March
2020 for Rs. 737 crore
✓ Rooftop solar projects rolled
out in 94 cities across India
(421 MW)
✓ 170 EV charging points
installed in 20 cities as part of
EV charging infra partnerships
✓ Mobile application for EV
Charging Services rolled out
✓ Acquisition of Central
Electricity Supply Utility (CESU)
of Odisha (51% equity stake)
through Public Private
Partnership (PPP)
✓ 1.95 lakh SMART meters
installed in Delhi distribution
licensed area
✓ VAS for distribution customers
– Microsoft Kaizala, KYEC,
interactive bill service through
WhatsApp
✓ Completed onboarding of first
asset though the Platform
structure (Renascent) – 1,980
MW PPGCL asset, Uttar
Pradesh
✓ 2 Hydro generation units
totaling 178 MW
commissioned in Georgia
Renewables New Business T&D Thermal & Hydro

9. 9
1,274
1,231
FY19 FY20
PAT before exceptional items
(Rs. Cr.)
2,606
1,316
FY19 FY20
PAT with exceptional items
(Rs. Cr.)
Financial Performance Highlights – FY20
Consolidated Performance
29,984
28,948
FY19 FY20
Revenue (Rs. Cr.)
7,235
8,317
FY19 FY20
EBIDTA (Rs. Cr.)
✓ Net cash flow from operations increased by ₹ 2,801 crore from
FY19 (+61%)
✓ EBIDTA increased by 15% in FY20
✓ Steady improvement in ROCE from 6.4% in FY18 to 7.4% in FY20
✓ Consistent improvement in Net Debt/Equity from 2.8 in FY17 to
1.99 in FY20
✓ ₹ 1,294 crore y-o-y reduction in Net Debt
2.19
1.99
FY19 FY20
Debt/Equity
0
10
20
30
40
50
60
70
80
1000
1200
1400
1600
1800
2000
2200
2400
30-Apr-19
31-May-19
30-Jun-19
31-Jul-19
31-Aug-19
30-Sep-19
31-Oct-19
30-Nov-19
31-Dec-19
31-Jan-20
29-Feb-20
31-Mar-20
30-Apr-20
31-May-20
30-Jun-20
Power Index Tata Power
Tata Power’s stock performance
mirrored the performance of the
S&P BSE Power Index
BSE
Power
Index
Tata
Power

10. 10
Cluster-wise Financial Performance – FY20
Tata Power Group - FY20
Revenue ₹ 28,948 Cr.
Operating Profit ₹ 7,754 Cr.
Reported EBIDTA ₹ 8,317 Cr.
Underlying EBIDTA incl. share of PAT of JV & Associates ₹ 9,269 Cr.
Net Debt ₹ 43,578 Cr.
Net Debt / Equity 1.99
Except CGPL, Coal & Shipping
Revenue ₹ 7,154 Cr.
EBIDTA ₹ 1,896 Cr.
PAT ₹ 955 Cr.
CGPL, Coal & Shipping
Revenue ₹ 7,379 Cr.
EBIDTA ₹ 1,385 Cr.
PAT ₹ (385) Cr.
Renewables
Revenue ₹ 3,977 Cr.
EBIDTA ₹ 2,368 Cr.
PAT ₹ 441 Cr.
Transmission & Distribution
Revenue ₹ 14,003 Cr.
EBIDTA ₹ 2,539 Cr.
PAT ₹ 940 Cr.
Thermal & Hydro

11. 11
Thermal & Hydro Generation (1/2)
Trombay, Mumbai (930 MW)
(Division)
Mumbai Hydros (447 MW)
(Division)
FY20
Availability (in %) 94
EBITDA (in ₹ Cr) 529
FY20
Availability (in %) 96.3
EBITDA (in ₹ Cr) 236
CGPL, Mundra (4,150 MW)
(Wholly owned subsidiary)
MPL, Maithon (1,050 MW)
(Subsidiary - Tata Power: 74%, DVC: 26%)
FY20
Availability (in %) 83.9
EBITDA (in ₹ Cr) 810
FY20
Availability (in %) 88.1
EBITDA (in ₹ Cr) 894

12. 12
Thermal & Hydro Generation (2/2)
Jojobera, Jamshedpur (428 MW)
(Division)
Haldia (120 MW)
(Division)
FY20
Availability (in %) 97.3
EBITDA (in ₹ Cr) 136
FY20
Availability (in %) 96.6
EBITDA (in ₹ Cr) 47
Industrial Energy Limited (375 MW)
(Subsidiary - Tata Power: 74%, Tata Steel: 26%)
DHPC, Bhutan (126 MW)
(Associate - Tata Power 26%, DGPC & Affiliates: 74%)
FY20
Availability (in %) 98.6
EBITDA (in ₹ Cr) 199
FY20
Availability (in %) 100
EBITDA (in ₹ Cr) 73

13. 13
Coal & Infrastructure Companies
Coal Mining Companies Shipping Companies
FY20
Net Sales (in ₹ Cr) 1,086
EBITDA (in ₹ Cr) 395
FY20
Coal Production (in MT) 73
EBITDA (in ₹ Cr) 3,915

14. 14
Renewables
Renewable Business – TPREL, WREL & Standalone Assets
(Wholly owned subsidiaries)
Tata Power Solar Systems Limited
(Wholly owned subsidiary)
FY20
Net Sales (in ₹ Cr) 2,141
EBITDA (in ₹ Cr) 214
FY20
Availability (in %) 97.9
EBITDA (in ₹ Cr) 2,241

15. 15
Transmission
Mumbai Transmission
(Division)
Powerlinks
(Subsidiary - Tata Power: 51%, PGCIL: 49%)
FY20
Availability (in %) 100
EBITDA (in ₹ Cr) 84
FY20
Availability (in %) 99.8
EBITDA (in ₹ Cr) 559

16. 16
Distribution
TPDDL, Delhi
(Subsidiary - Tata Power: 51%, Delhi Government: 49%)
TPADL, Ajmer
(Wholly owned subsidiary)
FY20
Distribution Sales (in MUs) 9,051
EBITDA (in ₹ Cr) 1,324
FY20
Distribution Sales (in MUs) 483
EBITDA (in ₹ Cr) 14
Mumbai Distribution, Mumbai
(Division)
FY20
Distribution Sales (in MUs) 4,573
EBITDA (in ₹ Cr) 514

17. 17
Key Success Stories
• Acquisition of Central Electricity Supply
Utility (CESU) of Odisha (51% equity
stake) through Public Private
Partnership (PPP)
• Successfully taken over the
management of Discom from 01st June
2020 onwards
Particulars Description
Circles / Division / Sub-Division (Nos.) 5 /20 / 77
Area
Revenue Districts / Population
29,354 sq. km
9 Dist. / 1.36 Crore
Annual Turnover Rs 3,426 Cr
Consumers in numbers
26.92
Lacs
Input Energy 8,160 MU
Energy Sold/Billed 6,271 MU
• Station achieved highest ever monthly DC of 99.71 % to
UPPCL in March’20 & achieved Yearly DC of 69.73 % in FY
20 for the 1st time ever in PPGCL
• M/s Resurgent Power Ventures Pvt. Ltd
acquired the Prayagraj Power
Generation Co. Ltd. (PPGCL) in
December’19 from its erstwhile owners
• Tata Power’s best practices in Safety,
Security & Operation and Maintenance
were implemented by team Tata Power
post take-over
Particulars Before
Takeover-
12th Dec 19
1st 3 Months
Operation
[Dec’19 to Mar 20]
Availability (DC) –UPPCL - % 64.37% 79.60%
APC - % 7.10% 6.47%
Heat Rate – kCal/kWh 2404 2301
Sp Coal Con – kg/kWh 0.65 0.61
PPGCL CESU

18. 18
Tata Power Solar ranked # 1 Solar Roof
player for the year 2019 by Bridge to India
Recorded highest ever order input of Rs
860 Crores+ (~239MWp) in FY20
New Beginnings
Installed 421 MW of Rooftop capacity
touching 30,000+ customers
TP Renewable Microgrid Ltd.
launched on 4th Nov 19 with a
Installed 170 EV charging
points in 20 cities
EV Charging Rooftop Solar Microgrids
Presence in cities like Mumbai,
Delhi, Pune, Kolkata, Hyderabad,
Bengaluru, Chennai, Ahmedabad
and Lucknow.
Tata Power has already test
charged 18 Micro-grid sites in UP
& Bihar
Another 55 sites for microgrid are
in pipeline

19. 19
Employee productivity
Connecting Digitally With Stakeholders
Customer experience
✓ Launch of ‘Kaizala’ App for
Mumbai customers
✓ AI assisted system for
analysis and resolution of
customer feedback
✓ Online New Connection
Application form
simplification
Operational Efficiency Business growth
✓ Central Control Room for
Renewable Assets (CCRA)
Infrastructure and platform
integration
✓ Sankalp (RCM) – Implementation
of APM tool in various generation
plants
✓ EV – Mobile App for EV
charging, developed in
collaboration with other
Tata group companies
✓ Implementation of Project
Management tool for Roof
Top Solar
✓ Implementing Sales Force
for Lead Management
✓ Setting up of Data Analytics
and Insights Academy for
analytical capability building
✓ Launch of e-learning platform
Gyankosh
Tata Power has implemented Integrated Management System (IMS) for Digital and IT and secured ISO 27001:2013 and ISO 9001:2015 Certification
• Realtime information on
consumption
• Faster onboarding of new
customers
• Enhanced satisfaction
Benefits
• Improved performance of
renewable assets through
real-time monitoring
• Optimised maintenance
practices
• Seamless experience for EV
customers
• Efficient project monitoring
• Better management of
business leads
• Capability enhancement for
better service delivery
• Improved productivity

20. 20
Building an engaged and future ready workforce
Employee Engagement
Capability Development
• Co-created with business leaders, for the business
and development of its people
• Highly contextualized to the company’s business
needs and overall strategy
Tata Power Analytics & Insights Academy
• Digital learning with blend of classroom training,
online synchronous classes from SME and on-the-
job learning
• Clear hierarchy of courses in terms of specialization
and plans for coverage.
eLearning & blended learning to be mainstream
learning mode
Integrated Talent Management – AMP Model
2015
Overall Score:
74%
Overall Score:
83%
Overall Score:
69%
2017
2020

21. 21
Tata Power Focus Areas for Future
Resolution of CGPL coal
cost under-recovery
Deleveraging Balance Sheet
Scale-up Renewables (through
InvIT), Distribution, Services
and Energy Solutions
businesses
Focus on Sustainability with an
intent to attain carbon neutrality
Leverage digital solutions for
better customer experience and
improving productivity

22. 22
Strengthening Balance Sheet for future growth
Proposed Renewable InvIT is a growth engine &
targets to be India’s largest renewable InvIT with
capacity of ~ 15-20 GW
InvIT
• Infrastructure Investment Trust (InvIT) strategy
enables Tata Power to raise capital at lower
cost of capital post stabilization of assets and
grow the portfolio whilst deconsolidating
debt from its books
• Tata Power would continue to be one of the
largest Investor in proposed InVIT along with
asset manager.
• InVIT owns only risk free operational assets,
hence gives steady cash yield
Non-core monetization & Fund-raising
Cennergi
(Wind asset in Sough Africa)
Transaction completed, received
sale proceeds in April 2020
₹ 750 Cr
₹ 1,600 Cr
Shipping
(3 owned vessels)
Transaction completed, received
sale proceeds in July 2020
₹ 2,600 Cr
Preferential
Issue
Subject to shareholder’s approval,
proceeds expected in August
2020
InvIT Debt
De-consolidation
₹ 1,500 – 1,700 Cr
ITPC (Hydro in Zambia),
BSSR (coal mine )
Arutmin Proceeds
Formal process initiated ,
expected to complete by Q4 FY21
FY20 Net Debt:
₹ 43,758
Process of exploring InvIT
initiated, finalization in 4-6
months

23. 23
Empowering The Community
Tata Power reached out to over 27.10 Lakhs beneficiaries through its initiatives in FY20
Vidya
Mamta,
Samman
Adhikaar
Amrutdhara
Dhaaga, Abha,
Roshni, Daksh
2.68
5.41
3.12 1.63
Health and Sanitation
Financial Inclusivity
Water
Livelihood &
Skill Building
No. of beneficiaries reached out to in FY20 (in Lakhs)
Education
11.85

24. 24
FY20 Awards and Recognitions
✓ Tata Power won the ‘Best Risk Management Framework and Systems- Power’ and ‘Business Continuity’ at the 5th Edition
of The India Risk Management Awards 2019.
24
✓ Tata Power won the prestigious Global Edison Awards under “Social Innovation (Social Energy Solutions)” category for
its ‘Club Energi- #SwitchOff2SwitchOn campaign
✓ TPSSL won the Gold Award for “Rooftop Solar EPC Company of the year” at the India Rooftop Solar Congress 2020
✓ Tata Power won the platinum award for Occupational Health & Safety from the Indian Chamber of Commerce
✓ Tata Power Delhi Distribution Ranked 4th in India’s Best Company to Work for 2019 Survey by Great Places to Work Institute
✓ Tata Power Mumbai Distribution won the theme of “Digitization’” Practices in the sector of “Services” at the 7th CII National
Excellence Practice Competition 2019

25. 25
Thank You!
Private and Confidential
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