Anzen India Energy Yield Plus Trust Units · NSE:ANZEN
Anzen India Energy Yield Plus Trust Units — Q4 FY26 Earnings Presentation
34 slides from Anzen India Energy Yield Plus Trust Units's earnings presentation, June 2026
Slide 1: Anzen India Energy Yield Plus Trust Investor Presentation Q4 FY26
Anzen India Energy Yield Plus Trust Investor Presentation Q4 FY26 PRIVATE & CONFIDENTIAL. NOT FOR CIRCULATION 1
Slide 2: Safe Harbour
Safe Harbour This presentation is prepared and issued by EAAA Real Assets Managers Limited (the “Investment Manager”) on behalf of and in its capacity as the investment manager of Anzen India Energy Yield Plus Trust (“Anzen InvIT” or “InvIT”) for general information purposes only without regards to
Slide 3: Our Vision
Our Vision… To become the most trusted and valued investment platform, enabling India’s energy transition 3
Slide 4: Anzen – A Stable, Predictable, Diversified Energy InvIT
Anzen – A Stable, Predictable, Diversified Energy InvIT Stable income with Predictable, long- low operating risk duration contracts • Anzen InvIT offers investors a stable and predictable yield platform built on mature, long-life energy infrastructure assets Strong credit counterparties • Current po
Slide 5: Anzen InvIT: Overview
Anzen InvIT: Overview AUM1 NAV Per Unit2 DPU Ratings ₹ 65.6 Bn ₹ 86.3 Bn# ~ ₹ 124.78 ₹ 11.00 ₹ 12.00 AAA Rated Mar’26 FY26 * FY27 (P) Crisil, India Ratings NAV Growth3 Cumulative DPU Per Unit Total Investor Gains Total Investor Gains3 ~ ₹ 24.78 ~ ₹ 34.26** ~ ₹ 59.04** 59% Delivering strong AUM scale
Slide 6: Recent Acquisitions
Recent Acquisitions Particulars 12 Renewable (Solar) Projects (“Sigma” Portfolio) Kudgi Transmission Limited (KTL) Location Andhra Pradesh, Punjab, Rajasthan, Telangana, and Uttar Pradesh Karnataka Capacity / Length ~816 MWp ~980 ckm CoD Feb 2013 - Mar 2020 Sep 2016 NTPC/NVVN, SECI, PSPCL (Punjab Di
Slide 7: Our Journey Over the Last Two Years
Our Journey Over the Last Two Years Acquired ReNew Sun Acquired Kudgi Inducted Epic Green Waves Pvt Ltd, Transmission Limited, Urja Pvt Ltd as new AUM ₹ 39 bn AUM ₹ 86.3 bn sponsor* Mar 2026 May 2026 Mar 2025 May 2026 May 2026 Acquired SEPL Energy Acquired 12 solar assets Private Limited, bringing (
Slide 8: Anzen InvIT: Key Highlights
Anzen InvIT: Key Highlights Credit worthy counterparties 1 Long residual life (In Years)2 15 6 5 10 Others, 12% Operational History, 13 1 3 8.2 9 11 16 4 Tier 1, 88% Residual contracted life, 20.7 Solar Assets No. State SPV 8 12 1 Rajasthan SOUPL 2 Andhra Pradesh SPUPL 7 3 Rajasthan SSUPL 14 4 Uttar
Slide 9: Performance Highlights
Performance Highlights (In ₹ Bn) CAGR – ~47% 65.6** 39.3 AUM 22.8* 23.2 23.0 Nov-22 Mar-23 Mar-24 Mar-25 Mar-26 (In ₹ Mn) CAGR – ~60% 1,601 Consolidated 1,038 • AUM increased by ~3x since listing 768 Total Income1 623 • ~2.6x growth in total income and ~2.3x growth in EBITDA Q4 FY24 Q4 FY25 Q3 FY26
Slide 10: Performance Highlights
Performance Highlights CAGR – ~6.1% Total Gain ~59%^ (In ₹) (In ₹) 59.04 124.8 105.7 105.1 112.6 100.0 # Total Investor 35.86 NAV Per Gains (NAV 18.56 Unit 9.36 Growth + DPU) 1.24 Nov-22 Mar-23 Mar-24 Mar-25 Mar-26 Nov-22 Mar-23 Mar-24 Mar-25 Mar-26 CAGR – ~6.0%^^ CAGR – ~54.5% (In ₹) (In ₹ Mn) 11.0
Slide 11: Prudent Debt Portfolio
Prudent Debt Portfolio ✓ Diversified lender base: Exposure spread across leading infrastructure lenders, with no single-lender concentration risk ✓ 9.6-year residual maturity with 66% debt having maturity >5 years reduces ₹37 Bn 7.55% | 7.50% 9.6 years 51% near-term refinancing risk Total Debt1 Trus
Slide 12: India’s Energy Sector – Multi Decade Megatrend Opportunity
India’s Energy Sector – Multi Decade Megatrend Opportunity Transmission Industry & Outlook Renewables Industry & Outlook 2,278 206 1,881 ~3.2x 664 GW GW* 1,451 507 571 644 FY 26 FY 27E FY 36E Mar 26 2035-36 Transmission lines ('000 ckms) Transformation capacity ('000 MVA) RE Installed Capacity RE In
Slide 13: Emerging Segments in Renewable Energy
Emerging Segments in Renewable Energy Key Segments Key Benefits & Growth Drivers The BESS industry is poised to grow from USD Battery Energy Storage Systems (BESS) 1.54 bn in CY25 to USD 8.59 bn in CY31 Store renewable energy during peak generation Hybrid, RTC (Round-the-Clock), FDRE for discharge i
Slide 14: Operational Performance Highlights FY26: Transmission
Operational Performance Highlights FY26: Transmission Availability Receivable Days2 Days 99.9% 99.9% 100.0% 100.0% 100.0% 99.8% 100.00% 99.8% 99.4% 99.4% 99.2% 99.0% 99.00% 98.4% 42 41 38 98.00% Normative 31 Availability 25 97.00% at 98% 35 36 34 19 21 28 12 96.00% 21 15 16 95.00% 7 FY 25 Q1 FY26 Q2
Slide 15: Operational Performance Highlights FY26: Renewable (Solar)
Operational Performance Highlights FY26: Renewable (Solar) Wtd. Avg. tariff Power Generation (Mn Units) Collection Days1 ₹ 3.73 / kWh Days 35 339 337 327 325 287 275 280 275 24 24 24 22 23 19 21 197 187* 184 181 164 166 155* 161* 14 9 10 10 10 8 7 8 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3
Slide 16: Established Asset Management Strategy
Established Asset Management Strategy Technology Led Key Initiatives… …Driving Operational Excellence Drone based inspection and use of infrared and spectral imagery Minimization of downtime Remote monitoring & central Improves asset life command centre Predictive maintenance tools Enhances safety R
Slide 17: Experienced Sponsor and Project Manager
Experienced Sponsor and Project Manager Focus on innovative solutions for extending A unique platform focused on: 06 01 life span & increasing returns from assets Safe, Secured and Sustainable Growth Professionally run Acquires and operates 05 02 independent platform high quality energy assets Prove
Slide 18: Backed by EAAA Alternatives: One of India’s Leading Asset Managers
Backed by EAAA Alternatives: One of India’s Leading Asset Managers 15+ years investment AUM of ~₹ 7271 bn from Backed by Pension Funds, experience | Established track Global and Indian Investors Insurance companies, Family record across Real Assets and Offices and ultra-HNIs Private Credit strategie
Slide 19: Strong Leadership Team Supported by Stellar Independent Directors
Strong Leadership Team Supported by Stellar Independent Directors Mr. Shiva Kumar Ms. Bala C Deshpande Ms. Nupur Garg Independent Director Independent Director Independent Director • 42+ years of experience across public & private • 32+ years of overall experience with 19+ years in • Founder of WinP
Slide 20: Anzen: Focusing on Sustainable Growth through Multiple Levers
Anzen: Focusing on Sustainable Growth through Multiple Levers Growth visibility from ROFO assets Value Accretive Leveraging sectoral tailwinds Leveraging sectoral tailwinds Growth Focus on acquiring assets with similar risk profiles 01 Focus on acquiring assets with similar risk profiles
Slide 21: Annexures
Annexures
Slide 22: Annexure A: Asset Details
Annexure A: Asset Details
Slide 23: Asset Details
Asset Details Renewable (Solar) Assets AC Power1 PPA tenure Project Company SPV Counterparty DC Power1 (MWp) State Tariff (₹/kWh) COD (MW) (yrs) Solzen Urja Private Limited SOUPL SECI ~420 300 Rajasthan 2.55 5 Oct 2021 25 ~280 2 June 2019 Solairepro Urja Pvt. Ltd SPUPL NTPC 250 AP 3.15 25 ~70 9 Mar
Slide 24: Annexure B: Corporate Structure
Annexure B: Corporate Structure
Slide 25: Corporate Structure
Corporate Structure Sponsor1 Epic Green Urja Private Limited + Institutional Investors and others Sponsor Group IYP II, IIYP II, and IYP IIA ~24%* ~76% Trustee Services Investment Management Services Trustee: Investment Manager: Axis Trustee Services EAAA Real Assets Managers Limited Limited Project
Slide 26: Annexure C: Distribution Profile
Annexure C: Distribution Profile
Slide 27: Distribution Profile
Distribution Profile Repayment of Total Interest Other Income Total Distribution Period Debt Distribution Record Date Distribution Date (₹ per Unit) (₹ per Unit) (₹ per Unit) (₹ per Unit) (in ₹ Mn) Q3 FY23* 0.72 0.44 0.08 1.24 195.9 February 21,2023 February 27,2023 Q4 FY23 2.35 0.04 0.03 2.42 382.4
Slide 28: Annexure D: Accreditations and Awards
Annexure D: Accreditations and Awards
Slide 29: Established Asset Management Strategy: International Accreditation
Established Asset Management Strategy: International Accreditation ISO 14001 ISO 45001 Environment Occupational Health Management & Safety System Management ISO 27001 ISO 55001 Information Security Asset Management Management 29
Slide 30: Awards and Achievements: Transmission
Awards and Achievements: Transmission 2024 2025 2026 OHSSAI British Safety Council British Safety Council • Safety Award – Gold • NRSS XXX1(B) - Distinction Award • KTL - Distinction Award • HSE&E Leadership Award • International Safety Award • HSE&E Mentor Award 30
Slide 31: Awards and Achievements: Solar
Awards and Achievements: Solar 2024 2025 2026 British Safety Council British Safety Council British Safety Council Distinction Award Distinction Award Distinction Award 31
Slide 32: Annexure E: Glossary
Annexure E: Glossary
Slide 33: Glossary
Glossary Abbreviation Full Form Abbreviation Full Form Anzen InvIT or Anzen or Trust Anzen India Energy Yield Plus Trust Borrowings and Deferred Payments net of (i) unamortized borrowing cost, (ii) cash AUM Asset Under Management Net Debt and cash equivalents including bank balances, fixed deposits
Slide 34: Thank You
Thank You 34
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