Investor Presentaiton

Improved Financial Performance Net Worth (INR bn) 341.52 361.40 296.68 273.23 Total Debt/ EBITDA 1.2x 1.7x 1.9x 1.6x FY16 FY17 FY18 Apr-Dec 18 FY16 FY17 FY18 Apr-Dec 18 EBITDA / Interest 27.1x 22.7x 17.6x 9.4x FY16 FY17 FY18 Apr-Dec 18 Total Debt/Equity 0.78x 0.68x 0.63x 0.58x FY16 FY17 FY18 Apr-Dec 18 Stable Earnings and Sound Financial Leverage driving Credit Strength 17

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