ReNew Energy Global (RNW) Investor Update summary

Termination of proposed transaction

• Masdar withdrew from the consortium, leading to the termination of all discussions regarding the proposed transaction after a year-long process and extensive due diligence.

• No specific rationale was provided for Masdar's withdrawal, and there were no unresolved issues or deal breakers identified during negotiations.

• The remaining consortium members, CPPIB and ADIA, have reaffirmed their confidence in the business and its prospects.

Business outlook and financial position

• The portfolio remains fully funded through internal cash flows and capital recycling, with over $1 billion in liquidity.

• Megawatt and EBITDA guidance for the year has been reaffirmed, and leverage continues to decline.

• The company has delivered positive PAT in successive quarters and continues to focus on enhancing shareholder value.

• No changes are expected to growth strategy or annual 2-3 GW capacity targets, and funding plans remain intact.

Strategic alternatives and future plans

• The board is actively evaluating options to realize value from various business segments and will convene soon to determine the best path forward.

• All operational projects are funded, and no issues are anticipated with external funding for the current pipeline.

• Further updates on growth prospects and strategic direction will be provided at the next earnings call.

• The board and management remain committed to long-term shareholder value and will communicate more frequently as plans develop.