Investor Presentaiton

TM BLS INTERNATIONAL Leverage Position Significantly low leverage coupled with asset light model resulting in strong financial position Asset profile¹ Particulars (Rs. million) Sep 2017 Mar 2017 Mar 2016 29.4% 27.7% 25.7% 23.0% 3,871 Short Term debt 524.9 351.2 2,968 1,034 1,371 Long Term Debt 454.3 487.0 41.3 FY2015 FY2016 FY2017 979.2 838.2 41.3 Total assets (Rs. mn) 6M FY2018 (LTM) Return on Assets (%) Total Debt Less: Cash & Cash 1,016 664.8 425.9 Equivalent Net debt Per Share² - Net Worth and Cash (Rs.) 21.6 16.1 11.6 9.9 6.5 4.2 (36.9) 173.4 (384.6) 8.2 Net Worth 2,210.0 1,646.6 1,188.5 5.7 0.8 1.5 Debt/Equity (x) 0.44x 0.51x 0.03x FY2014 FY2015 FY2016 ■BV/Share (Rs.) Note: 1. Return on Assets = Net profit / Average Total Assets; LTM = Last Twelve Months 2. Figures are adjusted for the stock split. Stock split was recorded on April 27, 2017 FY2017 6M FY2018 ■Cash/Share (Rs.) Corporate Presentation November 2017 47

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