Investor Presentaiton

GASLOG LTD. - NON-GAAP RECONCILIATIONS Reconciliation of Loss to Adjusted Profit: (Amounts expressed in thousands of U.S. Dollars) Loss for the period Non-cash loss on derivatives Write-off and accelerated amortization of unamortized loan/bond fees Foreign exchange losses (gains), net Restructuring costs Unrealized foreign exchange gains, net on cash and bonds Swap amendment costs (with respect to cash collateral requirements) Loss on disposal of assets Impairment loss on vessels Adjusted Profit For the three months ended June 30, 2019 (10,512) June 30, 2020 For the six months ended June 30, 2019 30,779 218 (13,338) 10,205 (4,613) 51,882 988 June 30, 2020 Reconciliation of Loss to EBITDA and Adjusted EBITDA: (Amounts expressed in thousands of U.S. Dollars) Loss for the period Depreciation Financial costs Financial income Loss on derivatives For the three months ended June 30, 2019 (10,512) June 30, 2020 (13,338) 43,647 For the six months ended June 30, 2019 (4,613) June 30, 2020 (52,775) 85,144 84,998 THE I Reconciliation of Loss Per Share to Adjusted Earnings Per Share: 20,485 (Amounts expressed in thousands of U.S. Dollars, except shares and per share data) (52,775) 80,254 41,350 316 46,897 43,557 80,949 92,404 (230) (1,709) (177) 1,526 30,799 (4,050) EBITDA 106,825 13,467 87,156 (3.168) 51,043 216,615 3,319 Foreign exchange losses/(gains), net 218 402 368 (645) 84,591 201,313 (230) 572 Restructuring costs 1,081 22,454 Loss on disposal of assets 48,625 51,386 572 22,454 107,043 111,665 216,983 225,635 402 368 1,081 (99) 3,319 572 22,454 24,596 Impairment loss on vessels Adjusted EBITDA 1,526 572 22.454 Loss for the period attributable to owners of the Group Plus: Dividend on preference shares Loss for the period available to owners of the Group used in EPS calculation For the three months ended June 30, 2019 (25,998) June 30, 2020 (21,348) June 30, 2019 (36,945) (2,516) (2.516) (28,514) Weighted average number of shares outstanding, basic Loss per share 80,847,127 (0.35) (23,864) 80,848,685 (0.30) Loss for the period available to owners of the Group used in EPS calculation (28,514) (23,864) (5,031) (41,976) 80,836,442 (0.52) (41,976) For the six months ended June 30, 2020 (72,827) (5,032) (77,859) 80,777,346 (0.96) (77,859) Plus: Non-cash loss on derivatives 30,779 10,205 51,882 80,254 Write-off and accelerated amortization of unamortized loan fees bond fees 988 316 Impairment loss on vessels attributable to the owners of the Group Loss on disposal of assets 9,688 572 9,688 572 Swap amendment costs (with respect to cash collateral requirements) 3,319 3,319 Foreign exchange losses (gains), net 218 402 368 (230) Unrealized foreign exchange gains, net on cash and bonds Restructuring costs (99) (4,050) Adjusted profit attributable to owners of the Group Weighted average number of shares outstanding, basic Adjusted earnings per share 2,483 80,847,127 1,081 1,304 80,848,685 1,526 0.03 0.02 11,262 80,836,442 0.14 13,536 80,777,346 0.17 October 2020 | Investor Presentation 31

View entire presentation