Slide 1: Presentation to Shareholders and Investors
Reliance Infrastructure Limited Presentation to Shareholders and Investors December 2025 1
Slide 2: Disclaimer & Cautionary Statement
Disclaimer & Cautionary Statement This presentation has been prepared by Reliance Infrastructure Limited ( the “Company”) for general information purposes only. It does not constitute, and should not be construed as, an offer, invitation or recommendation to buy or sell any securities, nor should it
Slide 3: Contents
Contents A. Reliance Group- Overview B. Reliance Infrastructure- The Platform C. New Growth Engines D. Board, Leadership & Governance 3
Slide 4: Reliance Group: From Strong Foundations to a Sharper Future
A Reliance Group From Strong Foundations to a Sharper Future 4
Slide 5: Reliance Group: Powering Growth in Critical National Building Sectors
Reliance Group: Powering Growth in Critical National Building Sectors From lights in Delhi to metros in Mumbai and defence systems for tomorrow — our businesses anchor India’s infrastructure and energy resilience Reliance Infrastructure Reliance Power Presence in India Portfolio of marquee projects
Slide 6: Resurgent Reliance Group: Stronger, Sharper & Future-Ready
Resurgent Reliance Group: Stronger, Sharper & Future-Ready A focused transformation driven by clear vision, disciplined capital allocation, and renewed leadership — positioning Reliance for sustainable, long-term value creation Clear Vision: Revitalize- Core Businessess: Transformative journey to em
Slide 7: Reliance Group: Aligned with India's Growth Vision, Driven by a Shared Future
Reliance Group: Aligned with India’s Growth Vision, Driven by a Shared Future Tapping into India’s $5 Trillion growth agenda — driving clean energy, defence self-reliance, and technology-led manufacturing through focused, high-impact platforms India Vision 2030 Reliance Vision Atmanirbhar Bharat - D
Slide 8: The Platform
The Platform B Strong Foundation Play with Deep Value Potential Unlock 8
Slide 9: Reliance Infrastructure: Overview and Holding structure as on September 30, 2025
Reliance Infrastructure: Overview and Holding structure as on September 30, 2025 Balanced portfolio spanning essential utilities, mobility, renewables, and defence — poised for capital unlocking and reinvestment-led growth (~24.98%) Reliance Power Reliance Infrastructure Infra+ Utility (Legacy Core)
Slide 10: Reliance Infrastructure: Powering, Connecting and Securing India
Reliance Infrastructure: Powering, Connecting and Securing India From Delhi’s power grids to India’s next-gen defence manufacturing — a diversified infrastructure platform driving resilience and national capability. Power Distribution Defence Manufacturing Largest private discom in India; Strategic
Slide 11: BSES: The Strategic Anchor and Perennial Cash Flow Engine
BSES: The Strategic Anchor and Perennial Cash Flow Engine Powers homes, courts, hospitals, metro lines, and electric bus depots — anchoring it in India’s most visible and high-demand urban economy India’s Largest Private Discom, powering 2/3rd of Delhi Financial Performance ~₹ 15,420 Crore ~₹ 21,688
Slide 12: Defence: Scaling Self-Reliance with Global Partnerships and Make-in-India Focus
Defence: Scaling Self-Reliance with Global Partnerships and Make-in-India Focus Leveraging long-standing JVs and new alliances to build a globally competitive, self-reliant defence manufacturing ecosystem Existing JVs with Global Majors to scale current businesses Strategic Diversification through n
Slide 13: Defence: Peer Analysis
Defence: Peer Analysis Reliance Infra is emerging as a focused niche leader, differentiating itself in a market dominated by major state and private players. Player Tier Representative Companies Business Profile / Edge Scale-led growth with large order books and domestic Aerospace & Electronics visi
Slide 14: Reliance Infrastructure: Stronger, Profitable, Sustainable
Reliance Infrastructure: Stronger, Profitable, Sustainable Reliance Infra has transitioned to a de-risked balance sheet with visible cash flows and consistent earnings growth Amount in ₹ Crore Key Consolidated Stats Revenue1 EBITDA Total Assets 12,289 2 23,999 65,841 22,519 21,161 Reliance Infra is
Slide 15: Retail Trust Driving Long-Term Value
Retail Trust Driving Long-Term Value Shareholding as of September 30, 2025 Shareholding (Fully diluted basis) as of September 30, 20251 80.95% 19.05% 78.66% 21.34% Non-Promoter Promoter & Promoter Group Non-Promoters Promoter & Promoter Group 700,000+ Retail Shareholders Consistent Ownership Stabili
Slide 16: Reliance Infrastructure: Governance-Led Transformation for Long-Term Value
Reliance Infrastructure: Governance-Led Transformation for Long-Term Value Embedding governance, discipline, and risk control to ensure a resilient, future-ready enterprise Learnings Guiding principles Key Changes • Onboarded independent directors and professional management to drive accountability
Slide 17: 3-Tier Governance Architecture: Strengthening Oversight, Integrity & Accountability
3-Tier Governance Architecture: Strengthening Oversight, Integrity & Accountability Embedding financial prudence, corporate integrity, and administrative discipline to build resilient, ring-fenced, and high-trust enterprises Governance Tier Strategic Intent Key Mechanisms / Structural Changes (FY 20
Slide 18: New Growth Engines: Scaling India's Clean Energy Future
New Growth Engines C Scaling India’s Clean Energy Future 18
Slide 19: Two Giga Factories: New Growth Engines aligned to India's Clean Energy Frontier
Two Giga Factories: New Growth Engines aligned to India’s Clean Energy Frontier Building integrated solar and battery manufacturing ecosystems to capture India’s clean energy opportunity Integrated Solar Manufacturing: Integrated Battery Manufacturing: Phase 1: Ingots, Wafers, Cell & Module Phase 1:
Slide 20: India's AtmaNirbhar Solar Manufacturing Vision: Multi-Billion-Dollar Giga-Factory Opportunity
India’s AtmaNirbhar Solar Manufacturing Vision: Unlocking a Multi-Billion-Dollar Integrated Giga-Factory Opportunity Policy-anchored growth in Solar + BESS to build self-reliant energy manufacturing at global scale Solar continues to lead the surge1 Stationary BESS outlook2 280 GW 250 GWh India 2030
Slide 21: Solar Upstream Whitespace + ALMM policy tailwinds: Integrated Solar Manufacturing
Solar Upstream Whitespace + ALMM policy tailwinds: Integrated Solar Manufacturing is the Next Value Engine 2030 cell/module demand outstrip wafers & ingots → multi-bn capex with long-term offtakes Projected Annual Current upstream capacity mismatch 1 Evolving manufacturing landscape demand Module Ce
Slide 22: India's Energy Storage Imperative: Massive Battery Manufacturing Opportunity
India’s Energy Storage Imperative: Massive Battery Manufacturing Opportunity India’s rapidly growing battery storage demand and sustained reliance on imports make domestic cell manufacturing strategic necessity BESS Projected Demand1 (values in GWh) Renewable Integration: 120 - 240 To support India’
Slide 23: Reliance Infra's Strategic Focus: Capturing India's Midstream Opportunity
Reliance Infra’s Strategic Focus: Capturing India’s Midstream Opportunity Reliance Infra is focusing on building domestic capability in cell, pack, and system integration — the midstream layers that account for ~60–70% of total BESS value Reliance Infra’s Focus Area ~₹3 Lakh Crore opportunity Stage:
Slide 24: Board, Leadership & Governance
Board, Leadership D & Governance Strong Leadership, Sound Governance 24
Slide 25: Board of Directors and Business Leadership
Renew: Board of Directors and Business Leadership A seasoned board and leadership team with decades of expertise across power, renewables, battery storage, and defence Board of Directors Business Leadership Independent Directors Amal Sinha – Executive Director, BSES • 35+ years of experience in powe
Slide 26: Governance Excellence: Independent, Ethical, Transparent
Governance Excellence: Independent, Ethical, Transparent Embedding accountability, diversity, and risk control across all levels of decision-making Board Composition & Diversity • 6 Directors; 67% Independent (4 of 6, incl. 2 women) – exceeds regulatory norms. • Highly qualified Board Members posses
Slide 27: Thank You
Thank You For further information, please contact our Investor Relations team: Email: RelianceInfra.InvestorRelations@reliancegroupindia.com 27