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Investor Presentaiton

Cipla Expanding ROCE profile; Continued focus on maintaining balance sheet health with strong cash flow generation Net Debt Net Debt/Equity ROCE (Pre Tax) 1,581 594 0.10 0.04 13.9% 12.3% 10.9% Mar'19 Dec'19 Mar'19 Dec'19 FY18 FY19 TTM Decl Focused efforts on working capital management and cash generation initiatives Reduction in Net Debt/Equity despite continued growth and strategic investments 1 Trailing Twelve Months Investor Presentation: Q3FY20 5
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