Adani Total Gas Ltd. · NSE:ATGL
Adani Total Gas — Q3 FY26 Earnings Presentation
40 slides from Adani Total Gas's earnings presentation, January 2026
Slide 1: Q3 & 9MFY26 Earnings Presentation
STRENGTH WITH RESILIENCE Adani Total Gas Limited CGD | e-Mobility | Biomass Q3 & 9MFY26 Earnings Presentation
Slide 2: Contents
Contents 01 Executive Summary ATGL – Operational and Financial Performance – Q3 & 02 9MFY26 03 Sustainable Business Update 04 ESG Update 05 Rationale for Investment 06 About Adani Total Gas Limited 07 ATGL: Digitization and Customer Delight 08 ATGL: Promoter’s Overview 08. a Adani Portfolio 08. b To
Slide 3: ATGL – Operational and Financial Performance - Executive Summary
01 ATGL – Operational and Financial Performance - Executive Summary 33 ADANI TOTAL GAS LIMITED
Slide 4: Operational and Financial Highlights –9MFY26 – Y-o-Y
Operational and Financial Highlights –9MFY26 – Y-o-Y CGD - Operational Highlights ➢ CNG Stations increased to 680, Added 33 CNG stations, with 136 being CODO/DODO stations ➢ Steel pipeline network increased to ~ 14,862 inch-km ➢ PNG Home Connection increased to 1.05 mn, 87,497 homes connected to PNG
Slide 5: ATGL – Operational and Financial Performance – 9MFY26
14% 3% 2% Volume EBITDA Cash Profit 836 INR 916 Crs INR 692 Crs MMSCM 02 ATGL – Operational and Financial Performance – 9MFY26 55 ADANI TOTAL GAS LIMITED
Slide 6: Infrastructure Update: As on Dec 2025
Infrastructure Update : As on 31 Dec 2025 ➢ 338 Inch – Km pipeline added in Q3FY26 Total CNG 14862 662 680 14524 ➢ 1090 Inch-km pipeline Stations added in 9MFY26 Steel Network IK 30-Sep-25 31-Dec-25 30-Sep-25 31-Dec-25 Values in Inch-KM ➢ 18 CNG station added in Q3FY26 ➢ 33 CNG station added in 9MFY
Slide 7: Volume & Gas Sourcing –9MFY26 - Y-o-Y
Volume & Gas Sourcing –9MFY26 - Y-o-Y Volume in MMSCM CNG PNG Gas Sourcing Update 576 260 244 ➢ Portfolio optimization through long and short-term 486 18% 7% agreements: • Added new long-term agreements to strengthen portfolio stability. • Short-term spot agreements added for fixed and Brent-linked
Slide 8: Key Financials –9MFY26 - Y-o-Y
Key Financials –9MFY26 - Y-o-Y Y-o-Y Comparison Revenue from Operations EBITDA ➢ Revenue from operations rose by 19% on account 4692 893 3% 916 of higher volume preliminary on CNG segment. 19% 3950 ➢ Gas cost increased by ~25%, mainly due to lower APM and NWG allocation and increase in Henry hub (HH
Slide 9: Key Financials – Healthy Balance Sheet - 9MFY26 - Y-o-Y
Key Financials – Healthy Balance Sheet - 9MFY26 - Y-o-Y All Fig in INR Crs Net Fixed Assets Gross Debt 5688 1885 INR 422 INR 139 5266 Crs 1746 Crs ➢ ATGL continues to grow its infrastructure asset base and has added over INR 422 Crs to INR 5688 Crs while debt has increased by INR 139 Crs FY25 9MFY26
Slide 10: Volume & Financials –Q3FY26 - Y-o-Y
Volume & Financials –Q3FY26 - Y-o-Y All Fig in INR Crs Volume in MMSCM Revenue From Operations EBITDA 200 1631 CNG 313 171 1500 1397 17% 272 15% 17% 1200 900 600 300 Q3FY25 Q3FY26 Q3FY25 Q3FY26 Q3FY25 Q3FY26 CNG Volume has increased by 17% Y-o-Y with network expansion of CNG stations PBT PAT 220 212
Slide 11: Sustainable Business Update
4908 7.5 MTD Installed CBG Peak production Chargin Points achieved 03 Sustainable Business Update 11 11 ADANI TOTAL GAS LIMITED
Slide 12: E-mobility and Biomass Business Update
E-mobility and Biomass Business Update E-mobility Business Update Biomass Business Update Installed Charging Points • A total of 1218 MT of CBG was sold in 9MFY26, including 622 4908 CPs (CPs) tons to CBG DODO station. • Peak CBG sale reached to 7.5 MT/day in the month of Dec’25 Installed Capacity ~
Slide 13: ESG Framework & Sustainability Update – Q3FY26
04 ESG Framework & Sustainability Update – Q3FY26 13 13 ADANI TOTAL GAS LIMITED
Slide 14: ATGL: Sustainability Initiatives – Environment, Social & Governance
ATGL: Sustainability Initiatives – Environment, Social & Governance Target for Achievement in Q3 Initiatives FY 2025-26 Sustain 100% • Total 635+ HCV fleets running on low Decarbonization of fleets decarbonization of fleet carbon fuel. • Cumulative capacity to increased to 1 MW 2.0 MW total till Q3F
Slide 15: ATGL: Sustainability Updates
ATGL: Sustainability Updates ATGL’s 3rd ESG Report Adani Foundation Vision Care Dual Upgrade in ESG Rating Program Successfully published Dow Jones Sustainability Index ATGL Flagship ESG • In vision care program, target for FY Report on theme 2025-26 will be 25000 students to be • S&P Dow Jones Sust
Slide 16: Rationale for Investment
05 Rationale for Investment 16 16 ADANI TOTAL GAS LIMITED
Slide 17: ATGL: Strong Growth with Financial Discipline
ATGL : Strong Growth with Financial Discipline All Fig in INR Crs except ratios Total Assets 1167 7598 EBITDA Gross Debt to Net Fixed Assets INR 5,112 Crs of Assets Addition 639 13% 2486 0.33 0.24 FY20 FY25 FY20 FY25 FY20 FY25 Gross Debt Net Debt to EBITDA PAT 648 1746 1.06 436 INR ,1391 Crs of 8% D
Slide 18: Credit Excellence Backed by Strong ESG Ratings
Credit Excellence Backed by Strong ESG Ratings ATGL Credit Rating ATGL ESG Rating ATGL is rated AA+ (stable) outlook from all three top rating S&P DJSI Score agencies ICRA, CRISIL and CARE Ratings ✓ S&P Dow Jones Sustainability Index score rating of ATGL increased to 72 from 62 earlier. Long Term Sh
Slide 19: ATGL: Well positioned for industry leading growth
ATGL: Well positioned for industry leading growth Pan India presence Strong Promoters Infrastructure Growth 53 Geographical Areas Adani & Total Energies2 (37.4% each) Commissioned 34 GAs GAs spread pan India across 125 Provides significant synergies in both 20+ years of experience Development distri
Slide 20: Five Pillars of Transformational Journey of ATGL
Five Pillars of Transformational Journey of ATGL Fulfilling our objective of future proofing Gainful Customer Focus on delivering • E- Mobility Diversification Centricity Customer Delight • Biomass • LNG for Trucking & Mining Focus on Core strength Strengthening CGD Leverage Technology for Biggest a
Slide 21: About Adani Total Gas Limited
06 About Adani Total Gas Limited 21 21 ADANI TOTAL GAS LIMITED
Slide 22: ATGL: Diversified Energy Platform
ATGL : Diversified Energy Platform Business Structure ATGL Presence CGD 37.4% Adani Total 37.4% 53 125 Gas GAs Districts Covered 34 14 % 15 % Population Area covered# LNG for Core CGD Trucking & Business Mining 100% CGD Business (34 Licences) New Sustainable JV & Investments Bio Businesses Phase-1 o
Slide 23: ATGL: Digitization and Customer Delight
07 ATGL: Digitization and Customer Delight 23 23 ADANI TOTAL GAS LIMITED
Slide 24: SOUL – Single Digital Business Platform
SOUL – Single Digital Business Platform Status as of today.. •Entire pipeline visibility •Majority of our CGS, CNG •Live integration to SCADA, VTS, SAP stations and sites are connected •SMS to customers based on outages 100% marked on GIS with the SOUL platform 100% Integrated Connectivity GIS [ATGL
Slide 25: ATGL: Driving Customer Delight through Digitization
ATGL: Driving Customer Delight through Digitization Adani Gas Mitra (Self help KIOSK) QR based Complaint Redressal Log inquiries, Complaints, requests Module is live 99% Digital Payments Digital Email Response System BBPS (GPay, Amazon pay, etc.), App, Website 65% email answered by Agentic AI 1M+ Se
Slide 26: ATGL: Promoter's Overview
08 ATGL: Promoter’s Overview 26 ADANI TOTAL GAS LIMITED
Slide 27: About Adani Group
adani Gas ~ About Adani Group
Slide 28: Adani Portfolio: A World Class Infrastructure & Utility Portfolio
Adani Portfolio: A World Class Infrastructure & Utility Portfolio Flagship Infrastructure & Utility Core Portfolio Primary Industry Other Incubator Materials, Metal Energy & Utility Transport & Logistics Specialty & Mining (73.97%) (62.43%) (74.96%) (68.02%) (67.64%)4 AEL1 AGEL APL APSEZ3 Ports & Lo
Slide 29: Adani Portfolio: Best-in class growth with national footprint
Adani Portfolio: Best-in class growth with national footprint All figures in INR cr Predictable, high and rising free cash flow National footprint with deep coverage Tax paid EBITDA Finance cost paid 92,943 CAT (FFO) 65,016 (74%) EBITDA 24,870 12,784 AEL (51%) 22,819 APSEZ (21%) Adani’s Core Infra.
Slide 30: Adani Portfolio: Repeatable, robust & proven transformative model of investment
Adani Portfolio: Repeatable, robust & proven transformative model of investment DEVELOPMENT1 OPERATIONS CONSUMERS 2 New C.E.O. Adani Infra (India) Limited | Cemindia Projects Ltd. | PSP Projects Ltd. Operations (AIMSL) Consumer I Employees I Other Stakeholders Origination Site Development Constructi
Slide 31: About Total Group
adani Gas About Total Group
Slide 32: A Global Integrated Energy Company
A Global Integrated Energy Company • TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. • The company is committed to provide as many people as possible with energy that is
Slide 33: Strengths
Strengths We are present across the entire 100,000+ people representing 170 We are active in about 120 value chain, from production to nationalities and 740+ professions countries distribution A diversity which is decisive for our competitiveness and attractiveness FINANCIAL PERFORMANCE $15.8 bn 15.
Slide 34: Annexure
adani Gas Annexure
Slide 35: Infrastructure Update - incl. JV – IOAGPL : As on Dec 2025
Infrastructure Update - incl. JV – IOAGPL : As on 31 Dec 2025 CNG Stations Steel Network in Inch-Km 1000 25 New CNG 610 Steel IK stations added network were 1095 1120 in Q3FY26 27021 added in Q3FY26 600 26411 200 30-Sep-25 31-Dec-25 30-Sep-25 31-Dec-25 PNG Connections No of Households (Lakhs) No of
Slide 36: ATGL Key Financials: Income Statement Summary – Standalone (INR Cr)
ATGL Key Financials : Income Statement Summary – Standalone (INR Cr) Quarter Ended Nine months ended Year Ended Particulars 31-Dec-25 30-Sep-25 31-Dec-24 31-Dec-25 31-Dec-24 31-Mar-25 Revenue from Operations 1631 1569 1397 4692 3950 5398 Cost of goods sold 1165 1120 991 3334 2666 3680 Operating & ot
Slide 37: ATGL Key Financials: Income Statement Summary – Consolidated (INR Cr)
ATGL Key Financials : Income Statement Summary – Consolidated (INR Cr) Quarter Ended Nine months ended Year Ended Particulars 31-Dec-25 30-Sep-25 31-Dec-24 31-Dec-25 31-Dec-24 31-Mar-25 Revenue from Operations 1639 1576 1401 4714 3958 5412 Cost of goods sold 1167 1122 994 3340 2671 3685 Operating &
Slide 38: ATGL: List of Location
ATGL : List of Location ATGL GAs IOAGPL GAs S.No. Geographical Area State S.No. Geographical Area State 1 Ahmedabad City and Daskroi Area Gujarat Panchkula (EAAA), Sirmaur Districts, Shimla & Solan (EAAA) 1 Haryana 2 Vadodara (part) Gujarat District 3 Surendranagar (EAAA) Gujarat 2 Chandigarh Chandi
Slide 39: Legal Disclaimer
Legal Disclaimer Certain statements made in this presentation may not be based on historical ATGL assumes no responsibility to publicly amend, modify or revise any forward- information or facts and may be “forward-looking statements,” including those looking statements, on the basis of any subsequen
Slide 40: Thank You
THANK YewU