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APSEZ – H1 / FY22 – Cargo Volume up 47% & Total Revenue up 56%

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Ahmedabad, 27 October 2021: Adani Ports and Special Economic Zone Limited (“APSEZ”), the largest transport utility in India and a part of the diversified Adani Group, today announced its results for the second quarter and half year ended 30 September 2021.

Mr. Karan Adani, Chief Executive Officer and Whole Time Director of APSEZ:

APSEZ has delivered a strong first half, which is a testimony to our growth story. Our strategy of geographic expansion with a focus on higher-growth regions, balancing cargo mix, expansion in the logistics business, particularly rail transportation, and foray into Grade-A warehousing segment reflects our move towards a ‘Transport Utility’ business model and is resulting in a continuous increase in our market share. Our acquisitions of Sarguja rail, Dighi port, and Gangavaram port, alongside the foray into Sri Lanka with a greenfield port in Colombo, all during H1 / 2021, are steps in that direction. We are on track to achieve our volume target for FY 21-22 which will be a milestone year for APSEZ.

We are progressing towards our target of carbon-neutrality by 2025, with a focus on the use of renewable energy, and carbon offsetting through mangrove afforestation and terrestrial plantation. As we work on a strategy for the pathway to net-zero, we continue to invest in new technologies, and digitization and automation of our operations and services, with an objective to become the topmost sustainable port company in the world.

KEY BUSINESS HIGHLIGHTS – H1 / FY22 (YoY)

Operational Highlights

Port Business

Logistics Business

Financial Highlights

Revenue

EBITDA

Cash Flow

During Q2 FY22, pursuant to a notification issued by DGFT in September ’21, which amends eligibility conditions, the company has provided for its receivable under SEIS amounting to Rs.405 Cr and shown as exceptional item. However, the company has contested the said application for its tenability and retrospective application.

ESG Highlights

Environment

Corporate Governance – Board Charter

Strategic Highlights

Financial and Credit Matrices

Awards

About Adani Ports & Special Economic Zone Ltd

Adani Ports and Special Economic Zone Ltd (APSEZ), a part of the globally diversified Adani Group has evolved from a port company to a Ports & Logistics Platform. It is the largest port developer and operator in India with 12 strategically located ports and terminals — Mundra, Dahej, Tuna and Hazira in Gujarat, Dhamra in Odisha, Mormugao in Goa, Gangavaram, Visakhapatnam and Krishnapatnam in Andhra Pradesh, Dighi in Maharashtra and Kattupalli and Ennore in Chennai — representing 24% of the country’s total port capacity, handling vast amounts of cargo from both coastal areas and the hinterland. The company is also developing a transshipment port at Vizhinjam, Kerala. Our Ports to Logistics Platform comprising our port facilities, integrated logistics capabilities, and industrial economic zones, puts us in an advantageous position as India stands to benefit from an impending overhaul in global supply chains. Our vision is to be the largest ports and logistics platform in the world in the next decade. With a vision to turn carbon neutral by 2025, APSEZ was the first Indian port and third in the world to sign up for the Science-Based Targets Initiative (SBTi) committing to emission reduction targets to control global warming at 1.5°C above pre-industrial levels.