#1G.L GUJARAT FLUOROCHEMICALS LIMITED QUARTERLY INVESTOR UPDATE Q2FY20 1#2DISCLAIMER This presentation and the following discussion may contain "forward looking statements" by GFL Limited ("GFL" or "the Company") that are not historical in nature. These forward looking statements, which may include statements relating to future state of affairs, results of operations, financial condition, business prospects, plans and objectives, are based on the current beliefs, assumptions, expectations, estimates, and projections of the management of GFL about the business, industry and markets in which GFL operates. GL These statements are not guarantees of future performance, and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond GFL's control and difficult to predict, that could cause actual results, performance or achievements to differ materially from those in the forward looking statements. Such statements are not, and should not be construed, as a representation as to future performance or achievements of GFL. In particular, such statements should not be regarded as a projection of future performance of GFL. It should be noted that the actual performance or achievements of GFL may vary significantly from such statements. In the presentation, we have provided, in order to enable a meaningful comparison, figures for the chemical business for Q2FY19, as culled out from the consolidated results of the then Gujarat Fluorochemicals Limited (now GFL Limited) 2#3INDEX ■ Consolidated Results ■ Consolidated Revenue Breakup Breakup of VAP Sales ■ Breakup of Other Revenues Breakup of Assets & Liabilities ■ Shareholding Structure CHACOM G.L 3#4अपने REQUITRACAR STORAGE TANK FARM AREA पहचानीये FOR TUALLY H FO SN CARION LER GP974 1 Q2 FY20 RESULTS GL 4#5CONSOLIDATED RESULTS 668 662 28.5% 190 Q2 FY19 1% Q2FY20 YoY ANALYSIS 18.7% In Rs. Cr GL 14.6% 1.9% 14.6% 447 124 349 35% 87% Q2 FY20 Q2 FY19 Q2 FY20 EBIDTA ** -EBIDTA % REVENUE * 1,354 1,402 29.2% 395 97 Q2 FY19 IT Credit H1FY20 YoY ANALYSIS 22.4% 12 12 Q2 FY20 Total PAT PAT % 97 5.8% 61% 38 Q2 FY19 Q2 FY20 PAT # --PAT % 14.7% 548 6.6% 14.7% 199 8.4% 314 349 20% 45% 118 41% 4% 125 199 32 92 H1 FY19 H1 FY20 REVENUE * H1 FY19 EBIDTA ** H1 FY20 -EBIDTA % Note: * Revenue from Operations, ** EBITDA excluding Other Income, *** PAT including IT Credit of earlier year, # PAT excludes IT Credit of earlier year and exceptional item -PAT % H1 FY19 IT Credit H1 FY20 Total PAT PAT % H1 FY19 H1 FY20 PAT # 5#6CONSOLIDATED REVENUE BREAKUP Q2 FY20 YoY ANALYSIS - REVENUE BREAKUP % Share In Rs. Cr Q2 FY19 Q2 FY20 668 662 24 29% 31 77 107 Caustic Soda Chloromethanes 17.2% 13.9% 13.7% 12.8% 39% 294 Refrigerant Gases 11.8% 15.6% 19% 238 Poly Tetrafluoroethylene 44.0% 36.0% 31% 78 103 Value Added Products 11.5% 16.2% 7% 92 85 Others 3.6% 4.7% 115 20% 92 Contra on Consolidation -1.8% 0.8% 12 Q2 FY19 Q2 FY20 H1 FY20 YoY ANALYSIS - REVENUE BREAKUP 1,354 1,402 % Share H1 FY19 H1 FY20 16% 52 600 170 227 34% Caustic Soda Chloromethanes 16.9% 14.6% 11.9% 11.9% 9% 573 521 Refrigerant Gases 14.0% 15.1% 11% Poly Tetrafluoroethylene 42.3% 37.1% 190 3% 211 Value Added Products 12.5% 16.2% 161 167 Others 3.9% 4.3% 10% 229 205 Contra on Consolidation -1.5% 0.8% 34 H1 FY19 H1 FY20 GL 6#7BREAKUP OF VAP SALES AND OTHER REVENUES VAP SALES 107 Q2 FY20 YoY ANALYSIS OTHER REVENUE 24 24 282 % 31 77 12 41 545% 34 63% 1 36 21% 44 9 10 11 % 34 34% 23 8 2% Q2 FY19 Q2 FY20 Q2 FY19 Q2 FY20 New Refrigerants I New Fluoropolymer & Fluoromonomers Specialty Fluorointermediates 170 10 67 681% 91 36% 93 37% 59 H1 FY19 H1 FY20 YoY ANALYSIS Hydrogen Gas AHCL PTFE Waste, Fines & Samples Others 227 78 62 60 60 52 7 214 % 21 12 5 57% 18 19 5% 15 3% 16 H1 FY20 H1 FY19 H1 FY20 In Rs. Cr G.L 7#8CONSOLIDATED - BALANCE SHEET BREAKUP 6000 Assets 5521 519 5000 709 6000 5000 G.L Equity & Liabilities Rs. in crores 5521 249 327 1313 4000 881 4000 533 3000 3000 285 2000 2594 1000 Fixed Assets Sep-19 Financial Assets Tax Assets (Net) Other Assets Inventories I Trade Receivables 2000 3632 1000 0 Sep-19 Equity Borrowings Other Liabilities Trade Payables 8#9SHAREHOLDING STRUCTURE - GUJARAT FLUOROCHEMICALS LIMITED 1000 950 900 850 800 750 700 650 600 550 500 450 400 16-10-19 17-10-19 Share Price Performance 18-10-19 19-10-19 20-10-19 21-10-19 22-10-19 - 23-10-19 24-10-19 25-10-19 % Shareholding – September 2019 26-10-19 27-10-19 28-10-19 29-10-19 Public/Others,. 21.77 FII, 4.80 DII, 5.10. Source: Company 30-10-19 31-10-19 Market Data Market capitalization (Rs Cr) Price (Rs.) No. of shares outstanding (Cr) Face Value (Rs.) 52 week High-Low (Rs.) GL As on 31.10.2019 (BSE) 7268.24 661.35 10.99 1.0 900-570 Key Investors -September 2019 % Holding HDFC Mid Cap Opportunities Fund 1.91% HDFC Small Cap Fund 1.80% Aadi Financial Advisors LLP 1.14% FIL Investments (Mauritius) Ltd 1.13% Aditya Birla Sun Life Trustee Private Limited A/c Aditya Birla Sun Life Midcap Fund 1.05% Promoter & Promoter Group, Vanguard Emerging Markets Stock Index Fund, A Series Of 0.37% 68.33 Vanguard International Equity Index Funds Dimensional Emerging Markets Value Fund 0.36% Vanguard Total International Stock Index Fund 0.30% India Opportunities Growth Fund Ltd - Pinewood Strategy Uti-Mid Cap Fund 0.29% 0.26% 9#10FOR FURTHER QUERIES: Deepak Asher Director and Group Head (Corporate Finance) Email : [email protected] Bhavin Desai Company Secretary Email : [email protected] G.L 10 10