Investor Presentation

Energy Limited Regd. Office : JSW Centre Bandra Kurla Complex Bandra (East), Mumbai - 400 051 CIN: L74999MH1994PLC077041 Phone: 022 – 4286 1000 Fax: 022 – 4286 3000 Website: www.jsw.in SEC / JSWEL 28th October 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street Bandra - Kurla Complex, Bandra (E) Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 533148 Symbol: JSWENERGY Subject: Results Presentation in connection with the unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended 30th September 2026 Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Madam / Sirs, Further to our letter dated 28th October 2026, please find attached the Results Presentation in connection with the unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended 30th September 2026. Yours faithfully, For JSW Energy Limited Monica Chopra Company Secretary Part of O. P. Jindal Group Q2 FY27 Results Presentation October 2026 Forward Looking and Cautionary Statement This presentation has been prepared by JSW Energy Limited (the “Company”) based upon information available in the public domain solely for information purposes without regard to any specific objectives, financial situations or informational needs of any particular person. This presentation should not be construed as legal, tax, investment or other advice. This presentation is strictly confidential, being given solely for your information and for your use, and may not be copied, distributed or disseminated, directly or indirectly, in any manner. Furthermore, no person is authorized to give any information or make any representation which is not contained in, or is inconsistent with, this presentation. Any such extraneous or inconsistent information or representation, if given or made, should not be relied upon as having been authorized by or on behalf of the Company. This presentation contains statements that constitute forward-looking statements. These statements include descriptions regarding the intent, belief or current expectations of the Company or its directors and officers with respect to the results of operations and financial condition of the Company. These statements can be recognized by the use of words such as “expects,” “plans,” “will,” “estimates,” “projects,” or other words of similar meaning. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those specified in such forward-looking statements as a result of various factors and assumptions. The risks and uncertainties relating to these statements include, but are not limited to, (i) fluctuations in earnings, (ii) the Company’s ability to manage growth, (iii) competition, (iv) government policies and regulations, and (v) political, economic, legal and social conditions in India. The Company does not undertake any obligation to revise or update any forward-looking statement that may be made from time to time by or on behalf of the Company. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The information contained in this presentation is only current as of its date and has not been independently verified. The Company may alter, modify or otherwise change in any manner the contents of this presentation, without obligation to notify any person of such revision or changes. No representation, warranty, guarantee or undertaking, express or implied, is or will be made as to, and no reliance should be placed on, the accuracy, completeness, correctness or fairness of the information, estimates, projections and opinions contained in this presentation. None of the Company or any of its affiliates, advisers or representatives accept any liability whatsoever for any loss howsoever arising from any information presented or contained in this presentation. Please note that the past performance of the Company is not, and should not be considered as, indicative of future results. Potential investors must make their own assessment of the relevance, accuracy and adequacy of the information contained in this presentation and must make such independent investigation as they may consider necessary or appropriate for such purpose. Such information and opinions are in all events not current after the date of this presentation. The Potential investors shall be in compliance with the applicable Insider Trading Regulations, with respect to the Company in reference to the information provided under this presentation. JSW Energy Q2 FY27 Results Presentation Agenda 01 02 03 Financial Company Strategy 3.0: Performance Highlights Growth Blueprint 04 05 Safety & Appendix Sustainability Company Highlights Halol, Gujarat Q2 FY27: Performance Snapshot GOrpoewratthions Operations Financials Balance sheet Capacity added in FY27 (till 5th Oct) Net generation EBITDA Op. net debt / TTM EBITDA 1,694 MW 17.5 BU +17% YoY ₹3,907 Cr +23% YoY 4.94x from 4.95x in Q1FY27 Installed Capacity (till 5th Oct) Thermal generation PBT Net debt / equity 15,147 MW 8.9 BU +13% YoY ₹1,348 Cr +41% YoY 1.79x From 1.70x in Q1FY27 Estimated H2 FY27 Capacity Target Renewable generation Cash PAT Cash and equivalents 1,606 MW 8.6 BU +21% YoY ₹2,099 Cr +39% YoY ₹15,698 Cr From 12,881 Cr in Q1FY27 H1 capex Capacity under long-term PPA Reported PAT Receivable days ₹9,517 Cr ~96% ₹1,141 Cr +38% YoY 63 from 65 in Q1FY27 (Incl. Maruti Acquisition capex) JSW Energy Q2 FY27 Results Presentation Q2 FY27: Operational Highlights Power Sales Long-term PPA Sales Short-term PPA Sales 17.5 BUs 16.4 BUs 1.1 BUs ↑ 17% YoY ↑ 22% YoY ↓28% YoY 14.9 BUs in Q2 FY26 13.4 BUs in Q2 FY26 1.5 BUs in Q2 FY26 Led by 1,928 MW capacity addition & improved PLFs Driven by 20% YoY higher LT capacity addition Weighed down by 45% YoY decline in ST Capacity Renewable Thermal Generation : 7.1 BUs → 8.6 BUs ↑ 21% YoY Generation : 7.8 → 8.9 BUs ↑ 13% YoY Capacity : 7.6 GW → 9.2 GW ↑ 22% YoY Capacity : 5.7 GW → 6.0 GW ↑ 5% YoY Generation data in MUs Renewables (YoY) Thermal (YoY) 1,483 17,504 802 325 14,938 393 -438 9,840 Kutehr & Tidong Utkal lower Utkal higher added 431 MUs by 708 MUs by 1,092 MUs Installed Installed +1,520 MUs YoY +1,046 MUs YoY InInsstI tn aas lllt leea ddll ed InsItnasltlaeldle d capacity capacity capacity CCaappaacciittyy Ca 7Cp ,7aa 4pc 0ai tc Myit Wy 13,211 MW 15,139 MW 1155,,113399 MMWW 131,231,211 M1 MWW Q2 FY25 Q2 FY26 Hydro Wind Solar ST LT Q2 FY27 Thermal Thermal Added 1,928 MW YoY; Generation Increased by 2,566 MUs Delivered 40% Capacity CAGR Over the Past Two Years JSW Energy Q2 FY27 Results Presentation Q2 FY27 – Strategic Highlights Growth Updates Strategic Updates • Completed turbine-generator orders for the entire 3.2 GW (4 x 800 MW) Salboni Thermal Project in West • Installed Capacity Addition Bengal • Q2 FY27: +813 MW total, of which 513 MW is • NCLT sanction received for the Scheme of renewable energy (organic) Arrangement with GE Power India Limited, following • H1 FY27: +1,686 MW total, of which 1,386 MW is shareholder and creditor approvals renewable energy (organic) • Strong visibility on C&I expansion to 8.6 GW • Acquired 300 MW Maruti Thermal Plant at an • Additional 2.0 GW of Group Captive Enterprise value of ₹1,410 Cr opportunities under advanced discussions • The plant has LT PPA of 195 MW (net) with • Additional 0.9 GW of third party C&I Rajasthan discoms, with residual life of 14 years. • Credit rating affirmed at 'AA/Stable/A1+' by India • Additionally, the plant also has 64 MW net Ratings and ICRA, underscoring our robust credit risk merchant capacity profile Strategic & Differentiated Growth JSW Energy Q2 FY27 Results Presentation Pathway to 3 GW Capacity Addition in FY27 [Showing first 8,000 characters — download PDF for full document]