#1G.L GUJARAT FLUOROCHEMICALS LIMITED QUARTERLY INVESTOR UPDATE Q1FY20 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. 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. G.L 2#3INDEX Consolidated Results ■ Consolidated Revenue Breakup Breakup of VAP Sales and Other Revenues Annexure CHA COM G.L 3#4अपने REQUITRACAR STORAGE TANK FARM AREA पहचानीये FOR TUALLY H FO SN CARION LER GP974 1 Q1 FY20 RESULTS GL 4#5CONSOLIDATED RESULTS Q1 FY20 YoY ANALYSIS In Rs. Cr REVENUES * EBITDA ** & EBITDA MARGIN PAT & PAT MARGIN *** 740 687 8% 29.8% 25.7% 15.2% 14.8% 205 190 7% Q1 FY19 Q1 FY20 Q1 FY19 Q1 FY20 112 32 102 10% 80 Q1 FY19 Q1 FY20 EBIDTA EBIDTA % PAT IT Credit PAT % Note: * Revenue from Operations, ** EBITDA excluding Other Income, *** PAT including IT Credit of earlier year GL#6CONSOLIDATED REVENUE BREAKUP Q1 FY20 YoY ANALYSIS - REVENUE BREAKUP 740 5 GL In Rs. Cr 687 29 28 % Share Q1 FY19 Q1 FY20 120 93 4% Caustic Soda 16.5% 15.3% Chloromethanes 10.1% 11.1% 30% 280 283 1% Refrigerant Gases 16.2% 14.6% Poly Tetrafluoroethylene 40.7% 38.2% 3% 111 108 Value Added Products 13.5% 16.3% 18% 70 82 Others 4.1% 3.9% 114 0% 113 -9 Q1 FY19 Contra on Consolidation -1.1% 0.6% Q1 FY20#7BREAKUP OF VAP SALES AND OTHER REVENUES 93 83 31 VAP Sales 915% 120 Other Revenues 3 153 % 28 37 47 54 % 59 39 % 36 6 55 % 2% 7 8% Q1 FY19 Q1 FY20 Q1 FY19 I New Refrigerants I New Fluoropolymer & Fluoromonomers Specialty Fluorointermediates G.L In Rs. Cr 29 29 80 6 Q1 FY20 Hydrogen Gas AHCL - I PTFE Waste, Fines & Samples Others 7#8ANNEXURES G.L 8#9DETAILED FINANCIALS - CONSOLIDATED P&L STATEMENT Particulars (In Rs Cr) Q1 FY20 Q1 FY19 YoY % Q4 FY19 QoQ% FY19 Revenue from Operations Other Income Total Income 740 687 8% 710 4% 2,729 3 3 -4% 14 -80% 57 743 690 8% 724 3% 2,786 Cost of Material Consumed 283 261 8% 225 26% 956 Purchases of stock-in-trade 0 0 130% -47% Changes in inventories of finished goods, work-in-progress and stock-in-trade -53 -59 -11% -5 963% -194 Excise Duty 0 0 0% 0 0% 0 Employee benefit expense 54 46 17% 46 16% 180 Power and fuel 127 120 6% 113 13% 502 Foreign Exchange Fluctuation (Gain)/Loss (net) -8 -10 -25% -2 214% -29 Other Expenses 146 124 18% 126 16% 497 EBITDA 190 205 -7% 207 -8% 817 EBITDA Margin % 26% 30% -413bps 29% -339bps 30% Depreciation and amortization expense 47 39 21% 44 8% 164 Finance Cost 19 12 61% 14 34% 56 Share of profit/(loss) of joint venture and associates 0 0 0% -0 -100% -0 PBT before exceptional item 127 157 -19% 163 -22% 654 Exceptional items 0 0 -8 -8 Current Tax Expense PAT # PAT Margin % Earnings Per Share (EPS) PAT # excluding IT credit of earlier year 47 55 -15% 50 -5% 228 80 102 -22% 105 -24% 418 11% 15% -401bps 15% -398bps 15% 7.26 9.24 -22% 9.54 -24% 38.02 GL 9#10DETAILED FINANCIALS - STANDALONE P&L STATEMENT G.L Particulars (In Rs Cr) Revenue from Operations Other Income Q1 FY20 Q1 FY19 YoY % Q4 FY19 QoQ% FY19 735 695 6% 682 8% 2,731 3 3 3% 15 -79% 51 Total Income 738 698 6% 696 6% 2,782 Cost of Material Consumed 282 254 11% 221 28% 934 Purchases of stock-in-trade 이 0 130% 0 -47% 1 Changes in inventories of finished goods, work-in-progress and stock-in-trade -26 -42 -38% -5 457% -117 Excise Duty 이 0 0% 0 0% 0 Employee benefit expense 49 43 14% 43 15% 165 Power and fuel 126 120 5% 112 12% 501 Foreign Exchange Fluctuation (Gain)/Loss (net) Other Expenses EBITDA EBITDA Margin % Depreciation and amortization expense Finance Cost PBT before exceptional item Exceptional items Current Tax Expense PAT # -7 -12 -42% -3 114% -32 127 118 7% 115 11% 464 184 213 -14% 199 -8% 817 25% 31% -562bps 29% -417bps 30% 43 39 12% 42 2% 162 18 12 54% 14 31% 56 125 165 -24% 157 -20% 651 이 0 -8 -8 46 57 -19% 47 -2% 225 79 108 -27% 102 -22% 418 PAT Margin % 11% 16% -482bps 15% -416bps 15% PAT # excluding IT Credit of earlier year 10 10#11FOR FURTHER QUERIES: Deepak Asher Director and Group Head (Corporate Finance) Email : [email protected] Bhavin Desai Company Secretary Email : [email protected] G.L 11