ADANI TOTAL GAS Q2 CONCALL : TARGETS 80–90 NEW CNG STATIONS & OVER 2 LAKH PNG CONNECTIONS IN FY27; CNG VOLUMES UP 17% YOY

• MANAGEMENT TARGETING 80–90 NEW CNG STATIONS IN FY27, WITH SIMILAR OR HIGHER ADDITIONS POSSIBLE IN FY28 • APPROXIMATELY 70 NEW CNG STATIONS CURRENTLY UNDER DEVELOPMENT • DOMESTIC PNG HOUSEHOLD CONNECTION ADDITIONS TARGETED ABOVE 2 LAKH IN FY27 • Q2 CNG VOLUMES UP 17% YOY TO 223 MMSCM, WHILE TOTAL GAS VOLUMES INCREASED 12% • PNG VOLUMES UP 3% YOY TO 92 MMSCM • NEW GEOGRAPHICAL AREAS CONTRIBUTED 41% OF TOTAL GAS VOLUMES VS 35% LAST YEAR • GAS PROCUREMENT COSTS SURGED 43% YOY, PRESSURING PROFITABILITY DESPITE STRONG REVENUE GROWTH • MANAGEMENT IMPLEMENTING CALIBRATED CNG PRICE HIKES TO PARTIALLY OFFSET HIGHER GAS COSTS • COMPANY EXPLORING ADDITIONAL LONG-TERM GAS SUPPLY CONTRACTS TO REDUCE SPOT MARKET EXPOSURE • APM GAS CONTRIBUTES APPROXIMATELY 25% OF SOURCING MIX, WITH LOWER DOMESTIC ALLOCATION REMAINING A CONCERN • EBITDA MARGIN AT 16.18%; MANAGEMENT FOCUSING ON COST CONTROL & PRICING, WITHOUT SPECIFIC RECOVERY GUIDANCE • EV CHARGING NETWORK EXPANDED TO 5,513 POINTS ACROSS 225 CITIES, WITH 63 MW INSTALLED CAPACITY • EV CHARGING STRATEGY SHIFTING TOWARD B2B COMMERCIAL FLEETS TO IMPROVE UTILIZATION & RETURNS • COMPRESSED BIOGAS PRODUCTION TARGETED TO DOUBLE FROM CURRENT 5–6 TONNES/DAY WITHIN 5–6 MONTHS • HIGH LNG PRICES, LOWER APM GAS AVAILABILITY, WEAK EV CHARGER UTILIZATION & UNCERTAIN EBITDA MARGIN RECOVERY REMAIN KEY RISKS

ADANI TOTAL GAS LIMITED

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