Renew Energy Global Plc · NASDAQ:RNW
Renew Energy Global — Debt Investor Presentation (January 2026)
23 slides from Renew Energy Global's debt investor presentation, January 2026
Slide 1: Investor Presentation
Investor Presentation January 2026
Slide 2: Disclaimer
Disclaimer IMPORTANT: YOU MUST READ THE FOLLOWING BEFORE CONTINUING. THIS PRESENTATION AND ITS CONTENTS ARE CONFIDENTIAL AND ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, TO INVESTORS WHO ARE NOT (1) QUALIFIED INSTITUTIONAL BUYERS ("QIBS") AS DEFINED IN RULE 144A ("RULE 144A
Slide 3: Disclaimer (cont’d)
Disclaimer (cont’d) Any investor that intends to deal in any existing or prospective securities of the Issuer and/or and the Parent Guarantors is required to make its own independent investigation and appraisal of the business and financial condition of the Group, and the nature of the securities at
Slide 4: Key management representatives of ReNew
Key management representatives of ReNew Kailash Vaswani Nikunj Kathuria Chief Financial Officer Head, Corporate Finance – Fund Raise and M&A • Over 25 years of experience across Investment • Over 17 years of experience across fund raising and M&A; Management, Corporate Finance and Capital Markets, w
Slide 5: Agenda
Agenda 01 Transaction Overview 02 Overview of ReNew 03 Sustainability and ESG 5
Slide 6: Transaction Overview
01 Transaction Overview ReNew
Slide 7: Proposed issuance structure
Proposed issuance structure Offshore Onshore CPPIB ADIA JERA Founders Public 53.4% 15.0% 7.4% 2.9% 21.3% Diamond II Bond Holders ReNew Energy Global PLC (“REGP”) (Listed on NASDAQ) Repayment of (“Parent Guarantor”) 4 existing USD bond 100.0% 94.0%(1) 3 Repayment of inter-company debt ReNew Pvt Ltd (
Slide 8: Summary terms of the USD Notes offering
Summary terms of the USD Notes offering Issuer ReNew Treasury IFSC Private Limited, a 100% subsidiary of ReNew Pvt Ltd (“RPL”), incorporated in GIFT City in India Parent Guarantor Guarantee by RPL1 and, unless released, by ReNew Energy Global plc (“REGP”, a NASDAQ listed parent co) Restricted Group
Slide 9: Overview of ReNew
4 Overview of ReNew ReNew
Slide 10: ReNew at a glance
ReNew at a glance 1 Utility energy 11.4 GW(1, 5) commissioned capacity, 6.4 GW modules 3 Manufacturing business generation business and 2.5 GW cell manufacturing capacity pan-India 15.8 GW(1) capacity Modules Solar Wind 6.4 GW Uttarakhand 9.2 GW(1) 5.3 GW 99 MW Madhya Pradesh BESS 5.4 GWh(2) Rajasth
Slide 11: Well-diversified portfolio of utility-scale generation assets built over 15 years of execution in India
IPP C&I Manufacturing Well-diversified portfolio of utility-scale generation assets built over 15 years of execution in India SOLAR WIND BESS(1) 4.3 GW commissioned / 4.7 GW commissioned / 250 MWh(1) commissioned / 9.2 GW total capacity 5.3 GW total capacity 5.4 GWh(2) total capacity ReNew’s utility
Slide 12: ReNew is at the forefront of energy transition for India’s C&I segment
IPP C&I Manufacturing ReNew is at the forefront of energy transition for India’s C&I segment 2.4 GW(2) commissioned capacity present across five states ReNew’s leading presence in C&I segment in India 3.1 GW(1, 2) total capacity (2.4 GW(2) commissioned) Uttarakhand Long-term C&I PPAs with diversifie
Slide 13: Deepening presence across the value chain to build a vertically integrated green energy business
IPP C&I Manufacturing Deepening presence across the value chain to build a vertically integrated green energy business Key highlights of the business ⚫ 1.4 GW cells and 5.9 GW modules produced since inception until Sep’25 (“BII”) ⚫ ReNew is and will continue to be the largest customer for this busin
Slide 14: Proven track record of capital raise across diversified sources (1/2)
Proven track record of capital raise across diversified sources (1/2) Consistent access to capital through renowned global investors, asset sales and strategic partnerships All figures in USD ~3.1bn ⚫ Successfully raised USD 1.4bn of equity capital ~1bn across multiple tranches from global Private E
Slide 15: Proven track record of capital raise across diversified sources (2/2)
Proven track record of capital raise across diversified sources (2/2) Includes USD 525mn Diamond II bond and ~USD 520mn of LCs which will get converted to project Well-diversified USD 8.5bn(1) debt stack finance By source Fixed vs floating rate By currency By maturity Fully hedged(3) Working Capital
Slide 16: Stabilized and heathy receivables profile
Stabilized and heathy receivables profile Material improvement in the DSO(1) profile Ageing of billed receivables(2) % share DSO 84 days as of Sep’25, reduced by 10 days YoY Offtaker DSO in total and by 147 days in last 3 years receivables (3) (4) Central counterparties , GJ 0-15 2% (4) Lower DSO re
Slide 17: RPL consolidated financial summary
RPL consolidated financial summary Total revenues (USDmn) EBITDA (USDmn) 1200 1,093 1000 916 800 1,383 600 1,057 946 1,093 400 837 916 200 0 FY'24 FY'25 LTM Sep'25 FY'24 FY'25 LTM Sep'25 Total assets (USDmn) Debt and Leverage(1) (USDmn) Gross Debt Net Debt Cash and Cash equiv. Net Leverage 7.6x 7.6x
Slide 18: Experienced board with majority independent directors
Experienced board with majority independent directors • The Board of Directors of the Company is responsible for the management and administration of the Company’s affairs • The Company has ten directors, including six Independent directors • All committees have majority Independent Directors Board
Slide 19: Industry leader with over 15 years of experience
Industry leader with over 15 years of experience Market leadership with well-diversified project portfolio • One of the largest and most diversified renewable portfolios in India, with 18.9 GW(1) utility-scale and C&I portfolio, with diversified, high- quality offtaker base; as well as solar cell an
Slide 20: Sustainability and ESG
03 Sustainability and ESG ReNew
Slide 21: Green Finance Framework and Second Party Opinion overview
Green Finance Framework and Second Party Opinion overview The updated Framework is structured in alignment with the 2025 ICMA Green Bond Principles (GBP) and the 2025 LMA, APLMA, and LSTA Green Loan Principles (GLP). Green Finance Framework Second Party Opinion (SPO) Use of Proceeds ICMA UN Eligible
Slide 22: Leading the way in ESG in the RE sector and beyond
Leading the way in ESG in the RE sector and beyond ESGAwards Leadership Climate & Nature Action Fortune Change The World List 2025 Climate Action Report F.Y. 2024-25 ✓ Recognized for the third ✓ Published inaugural time; second time in a Climate Risk Report row for Community water aligned with IFRS
Slide 23: Thank you!
Thank you!
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