This document provides an overview of Adani's operations and projects in India and Australia. It discusses Adani's portfolio of businesses in ports, power generation, coal mining and solar energy. In India, Adani operates the largest commercial port developer and private thermal power producer. It has plans for large scale solar and transmission projects. In Australia, Adani's Carmichael coal mine and rail project in Queensland aims to develop the Galilee Basin coal reserves and help meet growing energy demand in India. The document also outlines Adani's strategy to build a sustainable business by aligning with UN Sustainable Development Goals and contributing to economic growth and community welfare in the regions it operates.

1. Commercial-in-confidence
Jeyakumar Janakaraj – CEO & Country Head
Third National Energy and Resource Services
Forum - Mackay
Adani, Australia
May 2017

2. Safe Harbor
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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
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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
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with respect to, the fairness, accuracy, completeness
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herein. The information contained in this presentation, unless
otherwise specified is only current as of the date of this presentation.
2

3. Adani Group: One of India’s Leading Infrastructure Conglomerates
Adani Group
Mr. Gautam Adani, Group Founder
First generation entrepreneur.
One of the leading businessmen in India with 30+ years
experience
Integrated Business Model with Professionally and Independently Managed Verticals led by Industry Veterans
Adani Port & SEZ Limited
(APSEZ: ADANIPORTS.BSE)
(Ports & Logistics)
Adani Power Limited
(APL: ADANIPOWER.BSE)
(Power Generation)
66%
Adani Enterprises Limited
(AEL: AEL.BSE)
(Resources)
61%
Adani Transmission Limited
(ATL: ADANITRANS.BSE)
(Power Transmission)
75% 75%
 Largest integrated coal
management operation in
India
 Mining operations in India
and Indonesia
 Mine under development in
Australia
 Largest Solar Plant in India
with combined capacity
under implementation c.
2GW(2)
 Solar power units
development
 Largest private sector
power producer
 Installed capacity of 11,080
MW(3)
 Largest commercial port
developer & operator in
India with 10 ports /
terminals
 Largest private rail
operator
 Operates the largest port in
India
 Integrated logistics player
with Special Economic
Zone (SEZ)
 Credit Rating : BBB-
/Baa3/BBB-
(S&P/Moody’s/Fitch)
 One of the largest private
sector transmission
companies with over 5,000
ckt km lines operational
 ~ 1,918 ckt km under
development
 ~ 3,521 ckt km under
acquisition pending
completion
 Credit Rating : BBB-
/Baa3/BBB-
(S&P/Moody’s/Fitch)
Revenue / EBITDA(1): USD 3,854mm /
1,337mm
Revenue / EBITDA(1): USD 1,108 mm /
834 mm
Revenue / EBITDA(1): USD 6,725 mm /
476mm
Revenue / EBITDA(1): USD 336mm /
306mm
Market cap.(1): USD 1,995 mmMarket cap.(1): USD 10,658 mmMarket cap.(1): USD 2,560 mm Market cap.(1): USD 1,457 mm
Mundra Port Pty Ltd /
Adani Abbot Point Coal Terminal
 Fully operational 50 MTPA
capacity
 Long Term Take or Pay
Agreement
 Credit Rating : BBB-/Ba2
(S&P/Moody’s)
Revenue / EBITDA(1): USD 214mm /
158mm
Unlisted
100%
Note: 1 USD = 66.9250 INR (as of Apr,24th 2017) used for calculating market cap and Average RBI Reference Rates of 65.461 used for FY16 Financials; USD:AUD = 0.76 used for FY16 Nos
Note: Details about the Adani Group companies have been sourced from respective company reports filed with stock exchanges
1. Market cap. as of April, 24, 2017 . Financials for FY16 (Source: company reports filed with stock exchanges)
2. AEL holds 51%, currently the only cell and module manufacturing facility under construction in India
3. 600MW Korba under finalization

5. India: A Paradigm Shifter in Global Economy
Democracy Demographics & Demand will drive India’s Growth Strategy
• Rising middle class - 800 Million3
below the age of 35 - puts
increasing demand on
infrastructure needs like power,
water, road & land
• Availability of cost effective
engineering resources
• GDP to grow to 5x of current size:
increasing from ~USD7 trillion to
~USD38trillion by 20402
• Estimated to become the 5th
largest consumer market by 20252
• India’s GDP to consistently grow at
7.5% in near term in comparison to
China’s average growth of 6.3%
and advanced economies’ average
of 1.4%1
5Note: 2- PPP (Purchasing Power Parity) terms, 2014
Source: 1 International Energy Agency: World Economic Outlook (WEO) Update–19 January 2016, 2-WEO Report 2015, 3–Govt. of India–Census 2011

7. Adani’s Competitive Advantage
7Note: MDO : Mining, Development & Operations; SPM : Single Point Mooring; SEZ : Special Economic Zone

8. Adani Growth Since 2011
Power
10,440 MW of thermal power plant commissioned
800 MW of Solar power plant commissioned. World’s largest single location solar plant of 648MW
in operation in Tamil Nadu, India
Transmission
15,200 CKMs of transmission lines commissioned
Ports
10 ports developed ( 2 under construction)
30+ berths; 10KMs of quay length
80 KMs of conveyors; 150+ KMs of rail loop
Capacity increased from 90 to 318 Mtpa
8

9. Number one
Commercial
port in IndiaLogistics

10. Adani Port Presence: India and Australia
10
Mormugao
Vizag
India: Largest port business
Dahej
Hazira
Mundra
Tuna
All Units in MMTPA
20 20
20 25
7 7
318 578.5
210 315
35 85
6 6.5
Current
Capacity
Proposed
Capacity
Ennore (Under Construction)
0 20
Dhamra
20 100
Vizhinjam
(Under Construction)
Australia: Key strategic location -
closest to Asian markets
50 120
Abbot Point
50 120

11. Number one
private thermal
power producer
in IndiaEnergy

12. India’s Power Generation Capacity: IEA’s Outlook
174
438
0
100
200
300
400
500
Coal Gas Oil Nuclear Hydro Wind Solar PV Other
Power Generation Capacity By Type - GW
2014
2040
Coal
60%
Gas
8%
Oil
3%
Nuclear
2%
Hydro
16%
Wind
8%
Solar PV
1%
Other
2%
Current (2014): 100% ~ 288GW
Coal
41%
Gas
11%
Oil
1%
Nuclear
4%Hydro
10%
Wind
13%
Solar PV
17%
Other
3%
Plan (2040): 100% ~ 1,076GW
Source: International Energy Agency – WEO Report 2015
• Coal to account for
438GW of power
generation by 2040 –
an increase of 151%
from 2014
• This trend would
occur despite share
of coal in overall
resource mix
decreasing from 60%
in 2014 to 41% in
2040.
12

13. World’s Largest Single
Location Coal Fired Private
Power Plant at Mundra
Bitta (Solar)
Bhadreshwar
Kawai
Dahej
Chhindwara
4620
1320
3300
Commissioned Project Pipeline
Tiroda
1320
3300
40
2640
Udupi
1200
Power Generation – Thermal – 20,000MW by 2020
13
All figures in MW
Adani Power Plant
Operational Power Plants
(Commissioned since
2011)
Installed
Capacity
(MW)
Mundra, Gujarat (Thermal) 4,620
Tiroda, Maharashtra
(Thermal)
3,300
Kawai, Rajasthan (Thermal) 1,320
Udupi, Karnataka
(Thermal)
1,200
Total 10,040

14. 148
Coal: Demand & Increasing Market Share in India
14
Coal demand, driven predominantly by
Indian Power Sector, estimated to rise to ~
1,334Mtce by 2040: an increase by 173%
over the 2013 demand of 488Mtce
Adani's coal market share in India shall rise from 8% at
present to 27% by FY 2020
2013 2020 2040
488 340 681 425
256
1,334 926
408
2013
Demand Supply Gap
2015
2020
39
~77
100
Adani Imports
All figures in MMT (Million Metric Tons)
All figures in Mtce (Million tonne coal equivalent)
Source: International Energy Agency – WEO Report 2015

15. Power Generation - Solar PV – 10,000MW Roadmap
15

16. 16
World’s Largest Solar Plant – Kamuthi 648MW

17. Module Manufacturing Facility under construction
1717
We plan to develop entire ecosystem under one roof for solar PV and
associated products
Phase Product Capacity
Phase 1 A
(2016)
Cell and Modules 1.2 GW
Phase 1 B
(2018)
Wafer and Ingots
Cell and Modules
2 GW
1 GW
Phase 2
(2020)
Wafer and Ingots
Cell and Modules
Polysilicon
1 GW
1 GW
20,000MT

18. 18
What Adani brings to India

19. Power Play - Pit to Plug Strategy
19
We transport coal from our mine pits via our rails and ships – from and to our ports – to our power plants –
to generate power –which reaches our customer’s plug point through our transmission lines
Assured Revenue
Power Trading Long Term Power Purchase Agreements (PPA) In-house Consumption
1 2 3
Mines Port Railways Power Plant Transmission

22. Carmichael Coal Mine: Economies of Scale is the Key
Rail: Unlocking the Galilee Basin, while writing history in Queensland
10 May 2017
Commercial-in-confidence
Project Overview
Adani has invested to date ~A$3.2 billion in Queensland
• World’s largest single coal tenement; Australia’s largest coal mine - Capacity to produce up to 60Mtpa
• Extremely competitive in seaborne market: Underground coal at 8th percentile and Open-cut coal at 15th
percentile
• QLD’s largest drilling programmer (~+830 holes drilled); 11.04 billion tonnes of thermal coal JORC resource
• Construction start: awaiting approvals and potential judicial reviews
• Queensland’s first standard gauge train; 23,760 tonnes/consist - Australia’s highest payload coal train
• Greenfield, multi-User rail with capacity ~100Mtpa and design life ~ 100 years, ensuring long term vision
• Unlock the Galilee Basin
22
• 99-year lease on the operational multi-User Terminal 1 with capacity ~ 50Mtpa; excellent history of HSE compliance
• Proposed Terminal 0 to have multi-User capacity ~ 70Mtpa, operations to be most competitive among all new ports
Abbot Point Port: Environment-friendly and most competitive export option

23. Carmichael Coal Mine – Most advanced Galilee Basin Mining Project
• All Commonwealth Government Approvals in hand
• All State Government Mining Approvals in hand including:
– Mining Lease
– Environmental Approval
– Water Licence’s
• Water Legislation amended to acknowledge work done to date
• Most advanced Galilee Basin Mining Project (out of 10 projects)
23
2015 2016 2017
 Mine Environmental Authority
 Mining Leases
 Water Legislation Amendment
 Mine Water Licences
 Native Title Amendment
(April)
 Mine Infrastructure Approvals
 90km road approvals
 Federal Minister Approval
Mining Leases  Water Licence  Road Approvals 
Environmental Authority  Infrastructure Approvals  Rail Connection 

24. Building a sustainable business
Adani’s path towards a sustainable business will leverage from our core values, ensuring we deliver
against our regulatory and company commitments, we earn a social licence and create and sustain
long term socio-economic value.
We will align and measure our business against the UN Sustainable Development Goals
Building a
sustainable
business
Our values
Our people
Our business
Societies
Stakeholders
The
environment
24

25. UN SDG Materiality Analysis – mapping against business obligations
Abbot Point Terminal
Carmichael Rail
Carmichael Mine
• Materiality analysis undertaken at the operations level with consideration of:
– Internal factors: operational control, company policies, project approval conditions
– External factors: relevant legislation, national and international standards, stakeholders

26. Source: PwC report dated 9th April 2014 on Tax Revenue contribution of Adani Group’s venture in Queensland’s Galilee Basin
Our Expected Contribution to the Australian Economy
26

27. Source: PwC report dated 21st June 2016 on Impact assessment of Carmichael project delays
Cost of delays to the Australian Economy
27

29. Adani Solar Strategy Highlights
Experience
Leverage on our solar business expertise
Mutual Growth
Partner with communities and businesses to mutually grow businesses
and communities.
Drive technology
Implement commercially leading technology to lead the solar cost curve
without the need for government subsidies and grants.
29

30. Adani Australia Solar
30
1500 MW of
renewable power in
Australia by 2022
To become a leading
generator of renewable
power in Australia

31. 2011
2017
Abbot Point Port
(T1)
(50 MTPA)
Adani Australia
Renewables (1500
MW)
Carmichael
Coal Mine (40
MTPA)
North Galilee
Basin Rail Project
(100 MT)
Abbot Point
Port (T1, T0)
(120 MTPA)
Adani Australia
Agriculture &
Export (1 MTPA )
2025
Adani Australia in 2025

33. Enabling Healthcare
33
Empowering Lives
• Mobile Health Care Units impacting
more than 12,000 patients per
month
• Rural Clinics attending to more than
5000 patients per month
• Gujarat Adani Institute of Medical
Sciences (GAIMS) at Bhuj (Kutch)
• Special Projects - Kidney Stone
awareness, prevention & care,
Anaemia Reduction and De-
addiction programmes
• Senior Citizen Health Cards Scheme

34. Facilitating Livelihood
34
Empowering Generations
• Promoting Scientific and innovative techniques in
Agriculture and Animal Husbandry
• Enhancing Employability and Entrepreneurship through
Adani Skill Development Centre
• Self Help Groups and promoting alternate income
generating activities for Women
• Special programmes for Fisher folk Community

35. Developing Rural Infrastructure
35
Empowering Communities
• Construction of toilets in every
household across 28 villages
• Underground drainage system in 16
villages covering a stretch of up to 81
km’s
• Water Conservation through Check
Dams and Pond Deepening
• Community based infrastructure
projects - roads, community and
prayer halls, crematorium, solar light
and other equipment installation

36. Empowering Future
• Our responsibility lies in making sure
that India flourishes and prospers.
• We aim to touch and transform lives
of people living in underprivileged
and neglected regions.
• We seek to achieve this through
accessible healthcare, good
education, rural infrastructure
development and facilitating a
means to a sustainable livelihood in
communities that need it the most.
Educating Children
36

37. Thinking big
Doing better
We are 10,000+ young,
dynamic doers working
across the globe for a
common purpose
One vision, One team

38. Q & A