TRUALT BIOENERGY Q2 CONCALL : TARGETS 75–80% ETHANOL CAPACITY UTILIZATION, EXPECTS 40–42 CRORE LITERS ALLOCATION & PLANS 250 TPD CBG EXPANSION

• MANAGEMENT TARGETS ETHANOL CAPACITY UTILIZATION OF 75–80% VS APPROXIMATELY 62% IN Q2 FY27, SUPPORTED BY HIGHER SUPPLY ALLOCATIONS • MANAGEMENT EXPECTS FRESH ETHANOL ALLOCATION OF 40–42 CRORE LITERS, COMPARED WITH NEARLY 40 CRORE LITERS IN THE PREVIOUS SUPPLY YEAR • COMPANY HAS 8.5 CRORE LITERS OF PENDING ETHANOL ORDERS, WITH AN ADDITIONAL 6–7 CRORE LITERS EXPECTED SUBJECT TO FRESH ALLOCATION • MANAGEMENT EXPECTS ETHANOL EBITDA MARGINS TO RECOVER DURING Q3–Q4 FY27, SUPPORTED BY BETTER RAW MATERIAL PROCUREMENT & HIGHER UTILIZATION • BLENDED ETHANOL REALIZATION EXPECTED AT ₹64–65 PER LITER VS APPROXIMATELY ₹67 PREVIOUSLY, CREATING PRESSURE ON PROFITABILITY • MAIZE PRICES INCREASED 25–30% DURING Q2, WHILE MANAGEMENT EXPECTS POTENTIAL ANNUAL ETHANOL MARGIN PRESSURE OF 1–2 PERCENTAGE POINTS • Q2 REVENUE UP 606% YOY TO ₹811 CR, UP 29.3% QOQ, WHILE EBITDA STOOD AT ₹114 CR WITH 14.03% MARGINS • Q2 NET PROFIT AT ₹35 CR VS ₹38 CR LOSS YOY, WHILE H1 NET PROFIT REACHED ₹94 CR VS ₹33 CR LOSS LAST YEAR • MANAGEMENT EXPECTS COMPRESSED BIOGAS (CBG) CAPACITY TO REACH APPROXIMATELY 72 TPD BY QUARTER-END, INCLUDING THREE 20-TPD SUMITOMO JV PLANTS • COMPANY PLANS TO EXPAND CBG CAPACITY TOWARD 250 TPD OVER THE NEXT TWO YEARS, REPRESENTING APPROXIMATELY 20–24 PLANTS • MANAGEMENT EXPECTS SUSTAINABLE CBG EBITDA MARGINS OF 50–55%, SUPPORTED BY LOW-COST FEEDSTOCK & IMPROVED GAS REALIZATIONS • MANAGEMENT ESTIMATES ANNUAL CBG REVENUE POTENTIAL OF ₹4–4.5 CR PER TPD, IMPLYING APPROXIMATELY ₹80–90 CR FOR A MATURE 20-TPD PLANT • COMPANY PLANS APPROXIMATELY ₹300 CR INVESTMENT ACROSS FIVE NEW CBG PLANTS, WHILE GOVERNMENT CAPITAL SUBSIDY COULD REACH ₹30 CR PER ELIGIBLE PLANT • SUSTAINABLE AVIATION FUEL PROJECT AWAITS GOVERNMENT POLICY CLARITY BEFORE MAJOR CAPEX; MANAGEMENT REPORTED APPROXIMATELY ₹150 CR SUPPORT UNDER PM JI-VAN • BADAMI ETHANOL PLANT SALE EXPECTED TO GENERATE ₹171 CR, WITH ₹125–130 CR EARMARKED FOR DEBT REPAYMENT; HIGH MAIZE PRICES, ETHANOL ALLOCATION UNCERTAINTY & CBG EXECUTION REMAIN KEY RISKS

TRUALT BIOENERGY LIMITED

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