annualized EBITDA 3) ROFA = (Net profit + Depreciation)/ Average (Q2 2018 and Q4 2017) of property, plant and equipment Mr. Geza Perlaki Mr. Krishnan Subramanian Aylur Authorized Director Authorized Director

liabilities – cash and cash equivalents 2) Leverage Q1 uses annualized EBITDA 3) ROFA = (Net profit + Depreciation)/ Average (Q1 2018 and Q4 2017) of property, plant and equipment Mr. Geza Perlaki Mr. Krishnan

, electricity and water supply for 15 years  Additional 25% deduction of the cost of installation or construction of facilities apart from the usual depreciation expenses 4.2) Asset Obligations -None

facilities apart from the usual depreciation expenses 4.2) Asset Obligations -None- (information as of 27 June 2018) 5. Value of the consideration Paid The transaction of investing in manufacturing plant and

and servicing expenses, administrative expenses and depreciation, largely as a result of the (i) the full quarter consolidation of the acquired hotel business in Europe and (ii) consolidation of

) Net Debt = Interest bearing liabilities – cash and cash equivalents 2) Leverage Q2 and FY use annualized EBITDA 3) ROFA = (Net profit + Depreciation)/ Average (Q2 2018 and Q4 2017) of property, plant

FY use annualized EBITDA 3) ROFA = (Net profit + Depreciation)/ Average (Q2 2018 and Q4 2017) of property, plant and equipment Mr. Geza Perlaki Mr. Krishnan Subramanian Aylur Authorized Director

maintenance cost and depreciation expense from the expansion pipeline system. However, Gross Profit Margins of excluding Other Utilities Revenue was 34.3% in 9M2019 flat with 34.4% in 9M2018 For our 3Q2019

cash equivalents 2) Leverage Q3 and FY use annualized EBITDA for the previous 4 quarters 3) ROFA = (Net profit + Depreciation)/ Average (current quarter and end of last year) of property, plant and

EBIT margin (%) = (Profit before income tax expense + Finance Cost) / Total revenues from sales EBITDA margin (%) = (Profit before income tax expense + Finance Cost + Depreciation and Amortization