Anzen India Energy Yield Plus Trust Units · NSE:ANZEN
Anzen India Energy Yield Plus Trust Units — Q3 FY26 Earnings Presentation
30 slides from Anzen India Energy Yield Plus Trust Units's earnings presentation, March 2026
Slide 1: Anzen India Energy Yield Plus Trust Quarterly Presentation Q3 FY26
Anzen India Energy Yield Plus Trust Quarterly Presentation Q3 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 ~ INR 40.3 bn ~ INR 19.4 bn ~ INR 116.53 AUM Total Debt NAV Per Unit ~ 43.21%1 7.72% AAA Rated Net Debt to AUM Weighted Avg cost of debt Crisil, India Ratings INR 2.75 INR 11 ~ INR 31.52** ~ INR 5.4 bn** Q3 FY26 * FY26 (P) Cumulative Cumulative Distributions DPU DPU Per Unit La
Slide 6: Anzen InvIT: Portfolio
Anzen InvIT: Portfolio Existing Portfolio Punjab: Punjab & Haryana: 2 Transmission Assets Solar Asset (~71 MWdc) Transmission Asset (~277 ckt kms) ~26 years residual period Uttar Pradesh: Solar Asset (~103 MWdc) Rajasthan: 1 Renewable (Solar) Asset Solar Asset (~420 MWdc) Bihar: ~21 years residual p
Slide 7: Visible Pipeline of Value Accretive Growth
Visible Pipeline of Value Accretive Growth Transmission Assets Growth Levers In ckt kms ~ 1,835.0 ~ 980.0 Growth via SPA Strong M&A ~ 855.0 Executed and ROFO execution capability assets is > 2x backed by a robust current portfolio platform Current Portfolio ROFO After Acquisition Renewable (Solar) A
Slide 8: Diversified Energy InvIT: Long Life Assets Backed by Tier-I Counterparty
Diversified Energy InvIT: Long Life Assets Backed by Tier-I Counterparty Parameter Transmission Assets Renewable (Solar) Asset SPA Executed Assets ROFO 2 Type of Asset Transmission asset (BOOM) 1 Solar asset 12 Solar assets Transmission asset (BOOM) Capacity ~855 ckt km and 2 Sub station ~420 MWp ~8
Slide 9: Financial Performance Highlights Q3 FY26
Financial Performance Highlights Q3 FY26 AUM Consolidated Total Income (In INR Bn) (In INR Mn) CAGR – ~20% CAGR – ~28% 1,500 1,031 1,038 50 39.3 40.3 22.81 23.2 23.0 1,000 630 632 500 0 0 Nov-22 Mar-23 Mar-24 Mar-25 Dec-25 Q3 FY24 Q3 FY25 Q2 FY26 Q3 FY26 NAV Per Unit Consolidated EBITDA (In INR) (In
Slide 10: India’s Energy Sector – Multi Decade Megatrend Opportunity
India’s Energy Sector – Multi Decade Megatrend Opportunity Transmission Industry & Outlook1 Renewables Industry & Outlook 258 2,412 ~1.6x 407 GW 1,881 GW 1,338 494 571 648 FY 25 FY 27E FY 32E Dec 25 CY 2030 Transmission lines ('000 ckms) Transformation capacity ('000 MVA) RE Installed Capacity RE In
Slide 11: 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 12: Operational Performance Highlights Q3 FY26: Transmission
Operational Performance Highlights Q3 FY26: Transmission Availability Receivable Days2 Days 100.00% 99.86% 99.90% 100.00% 99.98% 100.00% 100.00% 99.82% 99.68% 99.79% 50 99.38% 99.20% 99.00% 98.43%3 40 36 98.00% Normative Availability 29 at 98% 30 97.00% 23 17 18 96.00% 20 95.00% 10 Q3 FY25 Q4 FY25 F
Slide 13: Operational Performance Highlights Q3 FY26: Renewable (Solar)
Operational Performance Highlights Q3 FY26: Renewable (Solar) Power Generation (Mn Units) Collection Days1 Days 18 196.0 200 168.4 168.2 14 15 160 12 120 10 10 197.1 183.9 186.8 165.9 9 8 80 163.5 155.2 160.8 7 40 6 - 3 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26* Q2 FY26* Q3 FY26* Q3 FY25 Q4 FY25 Q1 FY
Slide 14: 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 15: 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 16: 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 ~INR 681.81 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 strat
Slide 17: 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 18: Anzen: Focusing on Sustainable Growth through Multiple Levers
Anzen: Focusing on Sustainable Growth through Multiple Levers Growth Growth visibility visibility from from ROFO ROFO assets assets Value Accretive Leveraging Leveraging sectoral sectoral tailwinds tailwinds Growth 01 Focus Focus on on acquiring acquiring assets assets with with similar
Slide 19: Annexures
Annexures
Slide 20: Annexure A: ROFO Asset Details
Annexure A: ROFO Asset Details
Slide 21: SPA Executed and ROFO Assets
SPA Executed and ROFO Assets SPA Executed Assets: Renewable (Solar) Assets DC Power1 AC Power1 Tariff PPA tenure Project Company Counterparty State COD (MWp) (MW) (INR/kWh) (yrs) 280.0 200.0 2 June 2019 Solairepro Urja Pvt. Ltd NTPC AP 3.15 25 70.0 50.0 9 Mar 2020 Enviro Solaire Pvt. Ltd SECI 103.5
Slide 22: Group Structure
Group Structure Sponsor SEPL Energy Private Limited (Institutional Investors and others) Sponsor Group entity EIYP ~21% ~79% Trustee Services Investment Management Services Trustee: Investment Manager: Axis Trustee Services EAAA Real Assets Managers Limited Limited Project 100% 100% 100% Management
Slide 23: Annexure B: Distribution Profile
Annexure B: Distribution Profile
Slide 24: Distribution Profile
Distribution Profile Repayment of Total Interest Other Income Total Distribution Period Debt Distribution Record Date Distribution Date (INR per Unit) (INR per Unit) (INR per Unit) (INR per Unit) (in INR 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
Slide 25: Annexure C: Awards for ESG Focus and Asset Management
Annexure C: Awards for ESG Focus and Asset Management
Slide 26: 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 26
Slide 27: Awards and Achievements: Transmission
Awards and Achievements: Transmission 2023 2024 2025 British Safety Council OHSSAI British Safety Council • Distinction Award • Safety Award – Gold • NRSS XXX1(B) - Distinction Award • Best in Region Award – East • HSE&E Leadership Award • International Safety Award • HSE&E Mentor Award 27
Slide 28: Awards and Achievements: Solar
Awards and Achievements: Solar 2023 2024 2025 2024 British Safety Council British Safety Council British Safety Council CII Distinction Award Distinction Award Distinction Award • Gold Award EQ Suryacon • Solar Project Monitoring Technology Company 28
Slide 29: Glossary
Glossary Abbreviation Full Form Abbreviation Full Form Anzen InvIT or Anzen or Trust Anzen India Energy Yield Plus Trust MW Mega Watt AUM Asset Under Management MWp Mega Watt Peak BFSI Banking, Financial Services, and Insurance NAV Net Asset Value CEO Chief Executive Officer NEA New Enterprise Assoc
Slide 30: Thank You
Thank You 30
Anzen India Energy Yield Plus Trust — Q3 FY26 Earnings Presentation on 6ix